The Lincoln National Life Insurance Company - Lincoln Financial ...
The Lincoln National Life Insurance Company - Lincoln Financial ...
The Lincoln National Life Insurance Company - Lincoln Financial ...
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Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSETS<br />
Current Year<br />
Prior Year<br />
1 2 3 4<br />
Net Admitted<br />
Nonadmitted Assets Net<br />
Assets Assets (Cols. 1 - 2) Admitted Assets<br />
1. Bonds (Schedule D)........................................................................................................... ........45,345,429,568 ................................... ........45,345,429,568 ........47,404,048,325<br />
2. Stocks (Schedule D):<br />
2.1 Preferred stocks....................................................................................................... ..........1,570,078,696 ................................... ..........1,570,078,696 .............325,008,285<br />
2.2 Common stocks....................................................................................................... ..........1,290,777,585 ................................... ..........1,290,777,585 ..........1,322,177,204<br />
3. Mortgage loans on real estate (Schedule B):<br />
3.1 First liens.................................................................................................................. ..........7,027,254,081 ................................... ..........7,027,254,081 ..........6,767,298,523<br />
3.2 Other than first liens................................................................................................. ................................... ................................... ...............................0 ...................................<br />
4. Real estate (Schedule A):<br />
4.1 Properties occupied by the company (less $..........0<br />
encumbrances)........................................................................................................ ...............47,149,535 ................................... ...............47,149,535 ...............49,167,752<br />
4.2 Properties held for the production of income (less $..........0<br />
encumbrances)........................................................................................................ ...............81,244,294 .............................70 ...............81,244,224 ...............99,119,374<br />
4.3 Properties held for sale (less $..........0 encumbrances).......................................... ...............14,882,898 ................................... ...............14,882,898 ...............72,881,651<br />
5. Cash ($.....(197,325,006), Sch. E-Part 1), cash equivalents ($.....1,406,101,099,<br />
Sch. E-Part 2) and short-term investments ($.....1,062,016,644, Sch. DA)...................... ..........2,270,792,737 ................................... ..........2,270,792,737 ..........1,018,419,032<br />
6. Contract loans (including $..........0 premium notes).......................................................... ..........2,392,023,649 ....................560,041 ..........2,391,463,608 ..........2,345,133,903<br />
7. Other invested assets (Schedule BA)................................................................................ ..........1,050,473,120 ....................207,659 ..........1,050,265,461 ..........1,064,429,914<br />
8. Receivables for securities.................................................................................................. ...............67,343,847 ................................... ...............67,343,847 .................3,750,000<br />
9. Aggregate write-ins for invested assets............................................................................. .................8,911,346 ...............................0 .................8,911,346 .............140,519,842<br />
10. Subtotals, cash and invested assets (Lines 1 to 9)........................................................... ........61,166,361,355 ....................767,770 ........61,165,593,585 ........60,611,953,805<br />
11. Title plants less $..........0 charged off (for Title insurers only)........................................... ................................... ................................... ...............................0 ...................................<br />
12. Investment income due and accrued................................................................................. .............691,325,990 ......................37,820 .............691,288,170 .............694,694,714<br />
13. Premiums and considerations:<br />
13.1 Uncollected premiums and agents' balances in course of collection..................... ...............62,967,949 ...............13,290,327 ...............49,677,622 ...............47,944,821<br />
13.2 Deferred premiums, agents' balances and installments booked but deferred<br />
and not yet due (including $..........0 earned but unbilled premiums)...................... .............119,860,583 ................................... .............119,860,583 .............122,489,682<br />
13.3 Accrued retrospective premiums............................................................................. ................................... ................................... ...............................0 ...................................<br />
14. Reinsurance:<br />
14.1 Amounts recoverable from reinsurers..................................................................... .............162,258,041 ................................... .............162,258,041 .............151,346,989<br />
14.2 Funds held by or deposited with reinsured companies........................................... ...............71,679,043 ................................... ...............71,679,043 ...............98,074,309<br />
14.3 Other amounts receivable under reinsurance contracts......................................... .............423,204,968 ................................... .............423,204,968 .............247,929,722<br />
15. Amounts receivable relating to uninsured plans................................................................ ................................... ................................... ...............................0 ...................................<br />
16.1 Current federal and foreign income tax recoverable and interest thereon....................... .............122,244,223 ................................... .............122,244,223 ...................................<br />
16.2 Net deferred tax asset........................................................................................................ ..........1,490,257,606 .............828,145,637 .............662,111,969 .............344,146,546<br />
17. Guaranty funds receivable or on deposit........................................................................... .................3,676,533 ................................... .................3,676,533 .................5,747,895<br />
18. Electronic data processing equipment and software......................................................... .............144,612,561 .............111,533,215 ...............33,079,346 ...............25,632,569<br />
19. Furniture and equipment, including health care delivery assets ($..........0)..................... ...............61,185,911 ...............61,185,911 ...............................0 ...................................<br />
20. Net adjustment in assets and liabilities due to foreign exchange rates............................ ................................... ................................... ...............................0 ...................................<br />
21. Receivables from parent, subsidiaries and affiliates......................................................... ...............34,271,666 ................................... ...............34,271,666 ...............26,493,143<br />
22. Health care ($..........0) and other amounts receivable...................................................... ...............20,597,512 ................................... ...............20,597,512 ...............25,310,540<br />
23. Aggregate write-ins for other than invested assets........................................................... .............766,933,240 ...............36,743,433 .............730,189,807 .............745,947,044<br />
24. Total assets excluding Separate Accounts, Segregated Accounts and Protected<br />
Cell Accounts (Lines 10 to 23)........................................................................................... ........65,341,437,181 ..........1,051,704,113 ........64,289,733,068 ........63,147,711,779<br />
25. From Separate Accounts, Segregated Accounts and Protected Cell Accounts............... ........55,560,083,689 ................................... ........55,560,083,689 ........81,461,860,261<br />
26. TOTALS (Lines 24 and 25)................................................................................................ ......120,901,520,870 ..........1,051,704,113 ......119,849,816,757 ......144,609,572,040<br />
DETAILS OF WRITE-INS<br />
0901. Derivative instruments........................................................................................................ .................4,632,499 ................................... .................4,632,499 .............118,912,235<br />
0902. Other receivables related to investments.......................................................................... .................4,278,847 ................................... .................4,278,847 ...............21,607,607<br />
0903. ............................................................................................................................................ ................................... ................................... ...............................0 ...................................<br />
0998. Summary of remaining write-ins for Line 9 from overflow page........................................ ...............................0 ...............................0 ...............................0 ...............................0<br />
0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above).................................................. .................8,911,346 ...............................0 .................8,911,346 .............140,519,842<br />
2301. <strong>Company</strong> owned policies and contracts............................................................................ .............615,342,751 ................................... .............615,342,751 .............590,557,733<br />
2302. Rabbi trust company owned life insurance cash value..................................................... ...............99,635,262 ................................... ...............99,635,262 .............139,149,012<br />
2303. Miscellaneous receivables & prepaid items....................................................................... ...............51,955,227 ...............36,743,433 ...............15,211,794 ...............16,240,299<br />
2398. Summary of remaining write-ins for Line 23 from overflow page...................................... ...............................0 ...............................0 ...............................0 ...............................0<br />
2399. Totals (Lines 2301 thru 2303 plus 2398) (Line 23 above)................................................ .............766,933,240 ...............36,743,433 .............730,189,807 .............745,947,044<br />
2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
LIABILITIES, SURPLUS AND OTHER FUNDS<br />
1 2<br />
Current Year<br />
Prior Year<br />
1. Aggregate reserve for life contracts $.....54,299,973,024 (Exhibit 5, Line 9999999) less $..........0<br />
included in Line 6.3 (including $.....862,251,342 Modco Reserve)......................................................................................................... ...............54,299,973,024 ...............52,267,911,777<br />
2. Aggregate reserve for accident and health contracts (Exhibit 6, Line 17, Col. 1) (including $.........0 Modco Reserve)......................... .................1,234,495,712 .................1,215,402,867<br />
3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $..........0 Modco Reserve)..................................................... .................1,213,055,159 .................1,409,345,963<br />
4. Contract claims:<br />
4.1 <strong>Life</strong> (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11)........................................................................................ ....................267,259,131 ....................231,325,884<br />
4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11)................................................................................ ....................138,071,233 ....................116,355,456<br />
5. Policyholders' dividends $.....191,890 and coupons $..........0 due and unpaid (Exhibit 4, Line 10)....................................................... ...........................191,890 ...........................214,995<br />
6. Provision for policyholders' dividends and coupons payable in following calendar year - estimated amounts:<br />
6.1 Dividends apportioned for payment (including $..........0 Modco).................................................................................................. ......................61,665,546 ......................60,069,466<br />
6.2 Dividends not yet apportioned (including $..........0 Modco).......................................................................................................... ......................................... .........................................<br />
6.3 Coupons and similar benefits (including $..........0 Modco)........................................................................................................... ......................................... .........................................<br />
7. Amount provisionally held for deferred dividend policies not included in Line 6.................................................................................... ......................................... .........................................<br />
8. Premiums and annuity considerations for life and accident and health contracts received in advance less $..........0<br />
discount; including $.....8,455,094 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of Lines 4 and 14)........................... ......................15,442,970 ......................13,358,773<br />
9. Contract liabilities not included elsewhere:<br />
9.1 Surrender values on canceled contracts...................................................................................................................................... ......................................... .........................................<br />
9.2 Provision for experience rating refunds, including $.....374,384 accident and health experience rating refunds......................... ......................45,117,004 ......................49,472,250<br />
9.3 Other amounts payable on reinsurance, including $.....(15,075,578) assumed and $.....49,832,883 ceded................................ ......................34,757,305 ......................19,686,863<br />
9.4 Interest Maintenance Reserve (IMR, Line 6)................................................................................................................................ ......................72,325,855 ....................167,981,652<br />
10. Commissions to agents due or accrued - life and annuity contracts $.....66,303,279, accident and health $.....15,142,161<br />
and deposit-type contract funds $..........0.............................................................................................................................................. ......................81,445,440 ......................91,670,305<br />
11. Commissions and expense allowances payable on reinsurance assumed........................................................................................... ......................59,599,973 ......................41,465,349<br />
12. General expenses due or accrued (Exhibit 2, Line 12, Col. 6)............................................................................................................... ....................310,761,140 ....................377,572,450<br />
13. Transfers to Separate Accounts due or accrued (net) (including $.....(2,405,541,107) accrued for expense<br />
allowances recognized in reserves, net of reinsured allowances)......................................................................................................... ................(2,322,324,278) ................(2,370,016,914)<br />
14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 5)................................................... ......................30,678,313 ......................45,957,121<br />
15.1 Current federal and foreign income taxes, including $..........0 on realized capital gains (losses).......................................................... ......................................... ....................140,168,936<br />
15.2 Net deferred tax liability.......................................................................................................................................................................... ......................................... .........................................<br />
16. Unearned investment income................................................................................................................................................................. ......................14,655,947 ......................16,202,456<br />
17. Amounts withheld or retained by company as agent or trustee............................................................................................................. ......................54,642,299 ......................54,080,519<br />
18. Amounts held for agents' account, including $.....100,027,834 agents' credit balances........................................................................ ....................100,027,834 ....................140,559,595<br />
19. Remittances and items not allocated..................................................................................................................................................... ....................340,742,782 ....................270,235,168<br />
20. Net adjustment in assets and liabilities due to foreign exchange rates.................................................................................................. ......................................... .........................................<br />
21. Liability for benefits for employees and agents if not included above.................................................................................................... ...........................434,825 ...........................478,814<br />
22. Borrowed money $.....720,000,000 and interest thereon $.....3,480,224............................................................................................... ....................723,480,224 ....................481,254,417<br />
23. Dividends to stockholders declared and unpaid..................................................................................................................................... ......................................... .........................................<br />
24. Miscellaneous liabilities:<br />
24.1 Asset valuation reserve (AVR Line 16, Col. 7)............................................................................................................................. ....................278,533,209 ....................751,288,172<br />
24.2 Reinsurance in unauthorized companies...................................................................................................................................... ........................1,543,785 ......................21,419,269<br />
24.3 Funds held under reinsurance treaties with unauthorized reinsurers........................................................................................... .................2,146,259,821 .................1,789,699,712<br />
24.4 Payable to parent, subsidiaries and affiliates............................................................................................................................... ......................46,471,165 ......................24,871,081<br />
24.5 Drafts outstanding......................................................................................................................................................................... ......................................... .........................................<br />
24.6 Liability for amounts held under uninsured plans......................................................................................................................... ......................................... .........................................<br />
24.7 Funds held under coinsurance..................................................................................................................................................... ....................147,001,007 ....................140,165,117<br />
24.8 Payable for securities................................................................................................................................................................... ...........................570,131 ......................51,433,641<br />
24.9 Capital notes $..........0 and interest thereon $..........0.................................................................................................................. ......................................... .........................................<br />
25. Aggregate write-ins for liabilities............................................................................................................................................................. ....................355,595,270 ....................571,819,557<br />
26. Total liabilities excluding Separate Accounts business (Lines 1 to 25).................................................................................................. ...............59,752,473,715 ...............58,191,450,711<br />
27. From Separate Accounts Statement...................................................................................................................................................... ...............55,511,907,857 ...............81,460,246,197<br />
28. Total liabilities (Line 26 and 27).............................................................................................................................................................. .............115,264,381,572 .............139,651,696,908<br />
29. Common capital stock............................................................................................................................................................................ ......................25,000,000 ......................25,000,000<br />
30. Preferred capital stock............................................................................................................................................................................ ......................................... .........................................<br />
31. Aggregate write-ins for other than special surplus funds....................................................................................................................... ......................................0 ......................................0<br />
32. Surplus notes......................................................................................................................................................................................... .................1,300,000,000 .................1,300,000,000<br />
33. Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)............................................................ .................1,818,435,168 .................1,818,435,168<br />
34. Aggregate write-ins for special surplus funds......................................................................................................................................... ......................................0 ......................................0<br />
35. Unassigned funds (surplus).................................................................................................................................................................... .................1,442,000,017 .................1,814,439,964<br />
36. Less treasury stock, at cost:<br />
36.1 .....0.000 shares common (value included in Line 29 $..........0)................................................................................................... ......................................... .........................................<br />
36.2 .....0.000 shares preferred (value included in Line 30 $..........0).................................................................................................. ......................................... .........................................<br />
37. Surplus (Total Lines 31 + 32 + 33 + 34 + 35 - 36) (including $.....48,175,832 in Separate Accounts Statement)................................. .................4,560,435,185 .................4,932,875,132<br />
38. Totals of Lines 29, 30 and 37 (Page 4, Line 55).................................................................................................................................... .................4,585,435,185 .................4,957,875,132<br />
39. Totals of Lines 28 and 38 (Page 2, Line 26, Col. 3)............................................................................................................................... .............119,849,816,757 .............144,609,572,040<br />
DETAILS OF WRITE-INS<br />
2501. Payable for collateral on loaned securities............................................................................................................................................. ....................426,959,546 ....................655,072,551<br />
2502. Leveraged leaseback liability................................................................................................................................................................. ........................5,713,331 ........................5,713,331<br />
2503. Interest payable on reinsurance funds withheld..................................................................................................................................... ........................3,126,033 ........................3,129,981<br />
2598. Summary of remaining write-ins for Line 25 from overflow page........................................................................................................... .....................(80,203,641) .....................(92,096,306)<br />
2599. Totals (Lines 2501 thru 2503 plus 2598) (Line 25 above)...................................................................................................................... ....................355,595,270 ....................571,819,557<br />
3101. ............................................................................................................................................................................................................... ......................................... .........................................<br />
3102. ............................................................................................................................................................................................................... ......................................... .........................................<br />
3103. ............................................................................................................................................................................................................... ......................................... .........................................<br />
3198. Summary of remaining write-ins for Line 31 from overflow page........................................................................................................... ......................................0 ......................................0<br />
3199. Totals (Lines 3101 thru 3103 plus 3198) (Line 31 above)...................................................................................................................... ......................................0 ......................................0<br />
3401. ............................................................................................................................................................................................................... ......................................... .........................................<br />
3402. ............................................................................................................................................................................................................... ......................................... .........................................<br />
3403. ............................................................................................................................................................................................................... ......................................... .........................................<br />
3498. Summary of remaining write-ins for Line 34 from overflow page........................................................................................................... ......................................0 ......................................0<br />
3499. Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)...................................................................................................................... ......................................0 ......................................0<br />
3
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SUMMARY OF OPERATIONS<br />
1 2<br />
Current Year<br />
Prior Year<br />
1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1, less Col. 11)............... ...........18,432,091,460 ...........20,339,406,640<br />
2. Considerations for supplementary contracts with life contingencies................................................................................................................. ....................4,683,667 ....................4,220,379<br />
3. Net investment income (Exhibit of Net Investment Income, Line 17)................................................................................................................ .............3,406,780,527 .............3,564,221,941<br />
4. Amortization of Interest Maintenance Reserve (IMR) (Line 5).......................................................................................................................... ....................2,435,541 ......................(223,908)<br />
5. Separate Accounts net gain from operations excluding unrealized gains or losses......................................................................................... ..................................... .....................................<br />
6. Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)................................................................ ................399,070,719 ................410,086,965<br />
7. Reserve adjustments on reinsurance ceded..................................................................................................................................................... ...............(197,937,715) ...............(455,984,290)<br />
8. Miscellaneous Income:<br />
8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts........... .............1,180,584,401 .............1,220,779,168<br />
8.2 Charges and fees for deposit-type contracts........................................................................................................................................... ..................................... .....................................<br />
8.3 Aggregate write-ins for miscellaneous income........................................................................................................................................ ................485,439,486 ................463,748,966<br />
9. Totals (Lines 1 to 8.3)....................................................................................................................................................................................... ...........23,713,148,086 ...........25,546,255,861<br />
10. Death benefits................................................................................................................................................................................................... .............1,318,261,790 .............1,201,888,713<br />
11. Matured endowments (excluding guaranteed annual pure endowments)........................................................................................................ ....................5,268,487 ....................6,556,473<br />
12. Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 8).................................................................................................................................. ................516,281,712 ................537,932,335<br />
13. Disability benefits and benefits under accident and health contracts................................................................................................................ ................655,432,553 ................598,856,780<br />
14. Coupons, guaranteed annual pure endowments and similar benefits.............................................................................................................. ..................................... .....................................<br />
15. Surrender benefits and withdrawals for life contracts....................................................................................................................................... ...........12,476,268,501 ...........14,120,136,186<br />
16. Group conversions............................................................................................................................................................................................ .......................387,373 ........................(35,806)<br />
17. Interest and adjustments on contract or deposit-type contract funds................................................................................................................ ................123,778,343 ................131,498,032<br />
18. Payments on supplementary contracts with life contingencies......................................................................................................................... ..................14,096,793 ..................14,541,414<br />
19. Increase in aggregate reserves for life and accident and health contracts....................................................................................................... .............1,869,861,251 ...................(7,265,545)<br />
20. Totals (Lines 10 to 19)...................................................................................................................................................................................... ...........16,979,636,803 ...........16,604,108,582<br />
21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)<br />
(Exhibit 1, Part 2, Line 31, Col. 1)..................................................................................................................................................................... .............1,683,599,517 .............1,793,500,427<br />
22. Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)........................................................... ................188,702,437 ................189,182,819<br />
23. General insurance expenses (Exhibit 2, Line 10, Columns 1, 2, 3 and 4)........................................................................................................ .............1,108,583,561 .............1,139,009,070<br />
24. <strong>Insurance</strong> taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3)......................................................... ................170,930,368 ................161,415,695<br />
25. Increase in loading on deferred and uncollected premiums.............................................................................................................................. ......................(634,582) ...................(9,632,526)<br />
26. Net transfers to or (from) Separate Accounts net of reinsurance...................................................................................................................... .............3,269,903,819 .............4,214,626,813<br />
27. Aggregate write-ins for deductions.................................................................................................................................................................... .................(56,510,601) ................142,726,193<br />
28. Totals (Lines 20 to 27)...................................................................................................................................................................................... ...........23,344,211,322 ...........24,234,937,073<br />
29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)................................................ ................368,936,764 .............1,311,318,788<br />
30. Dividends to policyholders................................................................................................................................................................................ ..................63,885,398 ..................60,657,216<br />
31. Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)..................................... ................305,051,366 .............1,250,661,572<br />
32. Federal and foreign income taxes incurred (excluding tax on capital gains).................................................................................................... ...............(200,160,558) ................354,755,597<br />
33. Net gain from operations after dividends to policyholders and federal income taxes and before realized<br />
capital gains or (losses) (Line 31 minus Line 32).............................................................................................................................................. ................505,211,924 ................895,905,975<br />
34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $.....(86,669,090)<br />
excluding taxes of $.....(53,396,309) transferred to the IMR)............................................................................................................................ ...............(650,004,713) ................308,901,963<br />
35. Net income (Line 33 plus Line 34).................................................................................................................................................................... ...............(144,792,789) .............1,204,807,938<br />
CAPITAL AND SURPLUS ACCOUNT<br />
36. Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)........................................................................................................... .............4,957,875,132 .............4,879,761,694<br />
37. Net income (Line 35)......................................................................................................................................................................................... ...............(144,792,789) .............1,204,807,938<br />
38. Change in net unrealized capital gains (losses) less capital gains tax of $.....(166,551,719)........................................................................... ...............(309,310,335) ...............(306,864,858)<br />
39. Change in net unrealized foreign exchange capital gain (loss) ........................................................................................................................ ...................(5,964,889) ....................6,536,484<br />
40. Change in net deferred income tax................................................................................................................................................................... ..................88,990,604 ...............(183,762,248)<br />
41. Change in nonadmitted assets.......................................................................................................................................................................... .........................65,628 ..................39,013,500<br />
42. Change in liability for reinsurance in unauthorized companies......................................................................................................................... ..................19,875,484 ...................(2,894,928)<br />
43. Change in reserve on account of change in valuation basis, (increase) or decrease (Exhibit 5A, Line 9999999, Col. 4)................................ ..................53,642,867 ..................49,568,694<br />
44. Change in asset valuation reserve ................................................................................................................................................................... ................472,754,963 .................(43,408,041)<br />
45. Change in treasury stock, (Page 3, Lines 36.1 and 36.2 Col. 2 minus Col. 1).................................................................................................. ..................................... .....................................<br />
46. Surplus (contributed to) withdrawn from Separate Accounts during period...................................................................................................... ...............(157,050,239) ....................7,451,208<br />
47. Other changes in surplus in Separate Accounts Statement.............................................................................................................................. ..................46,561,768 .......................204,360<br />
48. Change in surplus notes................................................................................................................................................................................... ..................................... .....................................<br />
49. Cumulative effect of changes in accounting principles..................................................................................................................................... ..................................... .....................................<br />
50. Capital changes:<br />
50.1 Paid in...................................................................................................................................................................................................... ..................................... .....................................<br />
50.2 Transferred from surplus (Stock Dividend).............................................................................................................................................. ..................................... .....................................<br />
50.3 Transferred to surplus............................................................................................................................................................................. ..................................... .....................................<br />
51. Surplus adjustment:<br />
51.1 Paid in...................................................................................................................................................................................................... ..................................... ....................1,788,764<br />
51.2 Transferred to capital (Stock Dividend)................................................................................................................................................... ..................................... .....................................<br />
51.3 Transferred from capital.......................................................................................................................................................................... ..................................... .....................................<br />
51.4 Change in surplus as a result of reinsurance.......................................................................................................................................... ................156,017,522 ................331,642,879<br />
52. Dividends to stockholders................................................................................................................................................................................. ...............(400,000,000) ............(1,060,876,224)<br />
53. Aggregate write-ins for gains and losses in surplus.......................................................................................................................................... ...............(193,230,531) ..................34,905,910<br />
54. Net change in capital and surplus for the year (Lines 37 through 53)............................................................................................................... ...............(372,439,947) ..................78,113,438<br />
55. Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)......................................................................................... .............4,585,435,185 .............4,957,875,132<br />
DETAILS OF WRITE-INS<br />
08.301. Variable account asset management & service fees.............................................................................................................................. ................340,846,094 ................328,387,604<br />
08.302. Other income.......................................................................................................................................................................................... ..................61,237,371 ..................58,633,406<br />
08.303. Surrender Charges................................................................................................................................................................................. ..................83,356,021 ..................76,727,956<br />
08.398. Summary of remaining write-ins for Line 8.3 from overflow page........................................................................................................... ..................................0 ..................................0<br />
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)............................................................................................................. ................485,439,486 ................463,748,966<br />
2701. Foreign exchange from operations.......................................................................................................................................................... ......................(421,552) ......................(401,038)<br />
2702. Reserve adjustment on Reinsurance Assumed...................................................................................................................................... .................(56,089,049) ...................(7,211,481)<br />
2703. Business sold to affiliate.......................................................................................................................................................................... ..................................... ................150,338,712<br />
2798. Summary of remaining write-ins for Line 27 from overflow page............................................................................................................ ..................................0 ..................................0<br />
2799. Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)....................................................................................................................... .................(56,510,601) ................142,726,193<br />
5301. Corrections of a prior period error........................................................................................................................................................... ...............(193,230,531) ..................25,857,226<br />
5302. Change in minimum pension liability....................................................................................................................................................... ..................................... ....................9,048,684<br />
5303. ................................................................................................................................................................................................................. ..................................... .....................................<br />
5398. Summary of remaining write-ins for Line 53 from overflow page............................................................................................................ ..................................0 ..................................0<br />
5399. Totals (Lines 5301 thru 5303 plus 5398) (Line 53 above)....................................................................................................................... ...............(193,230,531) ..................34,905,910<br />
4
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
CASH FROM OPERATIONS<br />
CASH FLOW<br />
1 2<br />
Current Year<br />
Prior Year<br />
1. Premiums collected net of reinsurance.......................................................................................................................................... ................18,424,780,388 ................20,341,911,969<br />
2. Net investment income................................................................................................................................................................... ..................3,344,290,602 ..................3,560,473,150<br />
3. Miscellaneous income.................................................................................................................................................................... ..................1,867,156,892 ..................1,586,351,759<br />
4. Total (Lines 1 through 3)................................................................................................................................................................ ................23,636,227,882 ................25,488,736,878<br />
5. Benefit and loss related payments................................................................................................................................................. ................15,196,847,118 ................16,464,083,293<br />
6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.......................................................... ..................3,222,211,183 ..................4,638,078,891<br />
7. Commissions, expenses paid and aggregate write-ins for deductions......................................................................................... ..................3,371,061,248 ..................3,637,263,641<br />
8. Dividends paid to policyholders..................................................................................................................................................... .......................62,312,423 .......................62,871,475<br />
9. Federal and foreign income taxes paid (recovered) net of $.....(86,669,090) tax on capital gains (losses)................................ ......................(26,033,859) .....................281,208,544<br />
10. Total (Lines 5 through 9)................................................................................................................................................................ ................21,826,398,113 ................25,083,505,844<br />
11. Net cash from operations (Line 4 minus Line 10).......................................................................................................................... ..................1,809,829,769 .....................405,231,033<br />
CASH FROM INVESTMENTS<br />
12. Proceeds from investments sold, matured or repaid:<br />
12.1 Bonds................................................................................................................................................................................... ..................4,556,320,579 ..................7,230,515,522<br />
12.2 Stocks................................................................................................................................................................................... .......................68,804,128 .......................55,166,411<br />
12.3 Mortgage loans.................................................................................................................................................................... .....................515,843,714 .....................993,060,427<br />
12.4 Real estate........................................................................................................................................................................... .....................172,072,238 .....................124,746,413<br />
12.5 Other invested assets.......................................................................................................................................................... .....................245,778,922 .....................139,125,268<br />
12.6 Net gains or (losses) on cash, cash equivalents and short-term investments................................................................... ..............................57,749 ......................................54<br />
12.7 Miscellaneous proceeds...................................................................................................................................................... .......................96,582,377 .......................64,338,830<br />
12.8 Total investment proceeds (Lines 12.1 to 12.7).................................................................................................................. ..................5,655,459,706 ..................8,606,952,925<br />
13. Cost of investments acquired (long-term only):<br />
13.1 Bonds................................................................................................................................................................................... ..................4,740,423,239 ..................6,790,991,762<br />
13.2 Stocks................................................................................................................................................................................... .....................221,663,171 .....................277,845,439<br />
13.3 Mortgage loans.................................................................................................................................................................... .....................775,698,120 ..................1,033,356,006<br />
13.4 Real estate........................................................................................................................................................................... .......................15,328,550 .........................3,263,799<br />
13.5 Other invested assets.......................................................................................................................................................... .....................269,697,413 .....................302,787,636<br />
13.6 Miscellaneous applications.................................................................................................................................................. .....................114,457,357 .........................3,730,567<br />
13.7 Total investments acquired (Lines 13.1 to 13.6)................................................................................................................. ..................6,137,267,850 ..................8,411,975,208<br />
14. Net increase (decrease) in contract loans and premium notes..................................................................................................... .......................46,500,439 .......................85,113,046<br />
15. Net cash from investments (Line 12.8 minus Lines 13.7 minus Line 14)..................................................................................... ....................(528,308,583) .....................109,864,671<br />
16. Cash provided (applied):<br />
CASH FROM FINANCING AND MISCELLANEOUS SOURCES<br />
16.1 Surplus notes, capital notes................................................................................................................................................. ........................................... ...........................................<br />
16.2 Capital and paid in surplus, less treasury stock.................................................................................................................. ........................................... .........................1,788,764<br />
16.3 Borrowed funds.................................................................................................................................................................... .....................240,000,000 ...........................(228,251)<br />
16.4 Net deposits on deposit-type contracts and other insurance liabilities............................................................................... ....................(234,677,007) ....................(300,567,924)<br />
16.5 Dividends to stockholders.................................................................................................................................................... .....................400,000,000 .....................769,000,000<br />
16.6 Other cash provided (applied)............................................................................................................................................. .....................365,529,527 .....................169,427,467<br />
17. Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)................................. ......................(29,147,481) ....................(898,579,944)<br />
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS<br />
18. Net change in cash, cash equivalents and short-term investments (Line 11 plus Line 15 plus Line 17).................................... ..................1,252,373,706 ....................(383,484,240)<br />
19. Cash, cash equivalents and short-term investments:<br />
19.1 Beginning of year................................................................................................................................................................. ..................1,018,419,031 ..................1,401,903,271<br />
19.2 End of year (Line 18 plus Line 19.1)................................................................................................................................... ..................2,270,792,737 ..................1,018,419,031<br />
Note: Supplemental disclosures of cash flow information for non-cash transactions:<br />
20.0001 .............................................................................................................................................................................................. ........................................... ...........................................<br />
5
6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ANALYSIS OF OPERATION BY LINES OF BUSINESS<br />
1 2 Ordinary 6 Group Accident and Health 12<br />
3 4 5 Credit <strong>Life</strong> 7 8 9 10 11 Aggregate of<br />
Industrial <strong>Life</strong> Individual Supplementary (Group and <strong>Life</strong> Credit (Group All Other Lines<br />
Total <strong>Life</strong> <strong>Insurance</strong> Annuities Contracts Individual) <strong>Insurance</strong>(a) Annuities Group and Individual) Other of Business<br />
1. Premiums and annuity considerations for life and accident and health contracts.................................................................... .18,432,091,460 ......................... .2,785,134,446 11,619,494,934 ......................... ......................... ....476,524,704 .2,533,559,077 .1,002,657,383 ......................... ......14,720,916 .........................<br />
2. Considerations for supplementary contracts with life contingencies........................................................................................ ..........4,683,667 ......................... ......................... ......................... ........4,683,667 ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
3. Net investment income............................................................................................................................................................. ...3,406,780,527 ........2,002,553 .1,618,886,145 .1,257,045,994 ......12,758,995 ......................... ......46,343,401 ....434,235,403 ......20,920,587 ......................... ......55,963,782 .....(41,376,333)<br />
4. Amortization of Interest Maintenance Reserve (IMR).............................................................................................................. ..........2,435,541 ......................... ........2,751,474 ........1,413,447 ......................... ......................... ..........(213,229) ........2,885,176 ............(56,045) ......................... ...........349,789 .......(4,695,071)<br />
5. Separate Accounts net gain from operations excluding unrealized gains or losses................................................................. ........................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
6. Commissions and expense allowances on reinsurance ceded................................................................................................ ......399,070,719 ......................... ....311,489,282 ........6,108,268 ......................... ..........(949,621) .............72,079 .............39,185 ...........119,863 .......(1,443,884) ......16,020,670 ......67,614,877<br />
7. Reserve adjustments on reinsurance ceded............................................................................................................................ .....(197,937,715) ......................... .....(60,875,934) .....(78,320,028) ......................... ..........(214,595) ......................... .......(2,697,420) ..........(687,244) .......(1,477,144) .....(53,665,350) .........................<br />
8. Miscellaneous Income:<br />
8.1 Fees associated with income from investment management, administration and contract guarantees from S/A........... ...1,180,584,401 ......................... ....312,330,224 ....827,065,360 ......................... ......................... ......................... ......41,188,817 ......................... ......................... ......................... .........................<br />
8.2 Charges and fees for deposit-type contracts.................................................................................................................... ........................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
8.3 Aggregate write-ins for miscellaneous income................................................................................................................. ......485,439,486 ......................0 ......74,844,508 ....342,428,294 ...............6,488 ......................0 ...........757,283 ......66,620,950 ...........781,963 ......................0 ......................0 ......................0<br />
9. Totals (Lines 1 to 8.3)............................................................................................................................................................... .23,713,148,086 ........2,002,553 .5,044,560,145 13,975,236,269 ......17,449,150 .......(1,164,216) ....523,484,238 .3,075,831,188 .1,023,736,507 .......(2,921,028) ......33,389,807 ......21,543,473<br />
10. Death benefits.......................................................................................................................................................................... ...1,318,261,790 ...........595,830 ....961,706,279 ......................... ......................... ......................... ....355,959,681 ......................... ......................... ......................... ......................... .........................<br />
11. Matured endowments (excluding guaranteed annual pure endowments)................................................................................ ..........5,268,487 ...........184,932 ........5,083,555 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
12. Annuity benefits........................................................................................................................................................................ ......516,281,712 ......................... ......................... ....362,971,196 ......................... ......................... ......................... ....153,310,516 ......................... ......................... ......................... .........................<br />
13. Disability benefits and benefits under accident and health contracts....................................................................................... ......655,432,553 ......................... ........7,287,474 ......................... ......................... ......................... ...........180,260 ......................... ....631,288,934 ......................... ......16,675,885 .........................<br />
14. Coupons, guaranteed annual pure endowments and similar benefits...................................................................................... ........................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
15. Surrender benefits and withdrawals for life contracts............................................................................................................... .12,476,268,501 ...........194,239 .1,252,923,635 .8,113,387,464 ........3,985,541 ......................... .............12,982 .3,105,763,837 ......................... ......................... ..................803 .........................<br />
16. Group conversions................................................................................................................................................................... .............387,373 ......................... .......(3,346,777) ......................... ......................... ......................... ........3,734,150 ......................... ..................763 ......................... .................(763) .........................<br />
17. Interest and adjustments on contract or deposit-type contract funds....................................................................................... ......123,778,343 ...............1,299 ....106,802,328 ......10,132,158 ........8,897,375 ......................... ........5,271,282 .......(8,293,218) ...........967,387 ......................... .................(268) .........................<br />
18. Payments on supplementary contracts with life contingencies................................................................................................ ........14,096,793 ......................... ......................... ......................... ......14,096,793 ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
19. Increase in aggregate reserves for life and accident and health contracts.............................................................................. ...1,869,861,251 ..........(633,132) ....544,571,897 ....783,050,531 .......(3,320,029) ......................... ........2,798,027 ....513,690,747 ......33,623,466 ......................... .......(3,920,256) .........................<br />
20. Totals (Lines 10 to 19).............................................................................................................................................................. .16,979,636,803 ...........343,168 .2,875,028,391 .9,269,541,349 ......23,659,680 ......................0 ....367,956,382 .3,764,471,882 ....665,880,550 ......................0 ......12,755,401 ......................0<br />
21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only).......................... ...1,683,599,517 ...............2,147 ....788,498,218 ....693,060,241 ......................... ......................... ......58,508,288 ......38,104,064 ....102,985,082 ......................... ........2,441,477 .........................<br />
22. Commissions and expense allowances on reinsurance assumed........................................................................................... ......188,702,437 ......................... ....177,187,416 ..........(404,874) ......................... ..........(949,131) ........1,536,961 .............45,724 ...........106,019 .......(1,441,175) ......12,621,497 .........................<br />
23. General insurance expenses.................................................................................................................................................... ...1,108,583,561 ......................... ....364,534,933 ....361,470,103 ......................... ......................... ......55,242,495 ....148,562,414 ....110,438,612 ......................... ...........174,894 ......68,160,110<br />
24. <strong>Insurance</strong> taxes, licenses and fees, excluding federal income taxes...................................................................................... ......170,930,368 ...............5,847 ......98,358,605 ......26,829,091 ......................... ......................... ......11,762,336 ........7,044,764 ......26,417,308 ......................... ...........512,417 .........................<br />
25. Increase in loading on deferred and uncollected premiums..................................................................................................... ............(634,582) ......................... ..........(632,022) .................(433) ......................... ......................... ..............(1,434) ......................... ......................... ......................... .................(693) .........................<br />
26. Net transfers to or (from) Separate Accounts net of reinsurance............................................................................................. ...3,269,903,819 ......................... ....610,670,076 .3,647,139,447 ......................... ......................... ......................... ...(987,905,704) ......................... ......................... ......................... .........................<br />
27. Aggregate write-ins for deductions........................................................................................................................................... .......(56,510,601) ......................0 .....(54,513,001) ..........(294,597) ......................0 ..........(215,085) ......................0 ......................0 ..............(8,065) .......(1,479,853) ......................0 ......................0<br />
28. Totals (Lines 20 to 27).............................................................................................................................................................. .23,344,211,322 ...........351,162 .4,859,132,616 13,997,340,327 ......23,659,680 .......(1,164,216) ....495,005,028 .2,970,323,144 ....905,819,506 .......(2,921,028) ......28,504,993 ......68,160,110<br />
29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)....................... ......368,936,764 ........1,651,391 ....185,427,529 .....(22,104,058) .......(6,210,530) ......................0 ......28,479,210 ....105,508,044 ....117,917,001 ......................0 ........4,884,814 .....(46,616,637)<br />
30. Dividends to policyholders........................................................................................................................................................ ........63,885,398 ......................... ......63,824,889 .............60,509 ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
31. Net gain from operations after dividends to policyholders and before federal income taxes (Line 29 minus Line 30)............. ......305,051,366 ........1,651,391 ....121,602,640 .....(22,164,567) .......(6,210,530) ......................0 ......28,479,210 ....105,508,044 ....117,917,001 ......................0 ........4,884,814 .....(46,616,637)<br />
32. Federal income taxes incurred (excluding tax on capital gains)............................................................................................... .....(200,160,558) ...........577,987 ......15,138,126 ...(206,900,097) .......(2,030,313) ......................... ........9,604,950 ......68,322,546 ......41,045,600 ......................... ........1,618,907 ...(127,538,264)<br />
33. Net gain from operations after dividends to policyholders and federal income taxes and before realized<br />
capital gains or (losses) (Line 31 minus Line 32)..................................................................................................................... ......505,211,924 ........1,073,404 ....106,464,514 ....184,735,530 .......(4,180,217) ......................0 ......18,874,260 ......37,185,498 ......76,871,401 ......................0 ........3,265,907 ......80,921,627<br />
DETAILS OF WRITE-INS<br />
08.301. Variable account asset management & service fees ..................................................................................................... ......340,846,094 ......................... ......................... ....280,137,337 ...............6,488 ......................... ......................... ......60,702,269 ......................... ......................... ......................... .........................<br />
08.302. Other income .................................................................................................................................................................. ........61,237,371 ......................... ......41,265,805 ......15,969,624 ......................... ......................... ...........757,173 ........2,462,806 ...........781,963 ......................... ......................... .........................<br />
08.303. Surrender charges .......................................................................................................................................................... ........83,356,021 ......................... ......33,578,703 ......46,321,333 ......................... ......................... ..................110 ........3,455,875 ......................... ......................... ......................... .........................<br />
08.398. Summary of remaining write-ins for Line 8.3 from overflow page.................................................................................... ........................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0<br />
08.399. Total (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)........................................................................................ ......485,439,486 ......................0 ......74,844,508 ....342,428,294 ...............6,488 ......................0 ...........757,283 ......66,620,950 ...........781,963 ......................0 ......................0 ......................0<br />
2701. Foreign Exchange from operations.................................................................................................................................. ............(421,552) ......................... ..........(421,552) ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
2702. Reserve adjustment on Reinsurance Assumed............................................................................................................... .......(56,089,049) ......................... .....(54,091,449) ..........(294,597) ......................... ..........(215,085) ......................... ......................... ..............(8,065) .......(1,479,853) ......................... .........................<br />
2703. ......................................................................................................................................................................................... ........................0 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................<br />
2798. Summary of remaining write-ins for Line 27 from overflow page..................................................................................... ........................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0 ......................0<br />
2799. Total (Lines 2701 thru 2703 plus 2798) (Line 27 above).................................................................................................. .......(56,510,601) ......................0 .....(54,513,001) ..........(294,597) ......................0 ..........(215,085) ......................0 ......................0 ..............(8,065) .......(1,479,853) ......................0 ......................0<br />
(a) Includes the following amounts for FEGLI/SGLI: Line 1..........0 Line 10..........0 Line 16..........0 Line 23..........0 Line 24..........0.
Annual Statement for the year 2008 of the<br />
Involving <strong>Life</strong> or Disability Contingencies (Reserves)<br />
(Net of Reinsurance Ceded)<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ANALYSIS OF INCREASE IN RESERVES DURING THE YEAR<br />
1 2 Ordinary 6 Group<br />
3 4 5 Credit <strong>Life</strong> 7 8<br />
Industrial Supplementary (Group and<br />
Total <strong>Life</strong> <strong>Life</strong> <strong>Insurance</strong> Individual Annuities Contracts Individual) <strong>Life</strong> <strong>Insurance</strong> Annuities<br />
1. Reserve December 31, prior year............................................................................................................ ...............52,267,911,777 ......................31,606,463 ...............25,089,607,615 ...............19,931,495,242 ......................97,280,589 .......................................... ....................266,268,472 .................6,851,653,396<br />
2. Tabular net premiums or considerations.................................................................................................. .................9,144,718,106 .......................................... .................2,851,324,782 .................5,034,251,026 ........................4,542,168 .......................................... ....................318,396,157 ....................936,203,973<br />
3. Present value of disability claims incurred............................................................................................... ......................25,796,985 .......................................... ........................2,895,177 .......................................... ...............XXX.................... .......................................... ......................22,901,808 ..........................................<br />
4. Tabular interest......................................................................................................................................... .................2,376,375,712 ...........................990,594 .................1,191,895,813 ....................836,221,134 ........................5,770,294 .......................................... ......................13,403,871 ....................328,094,006<br />
5. Tabular less actual reserve released....................................................................................................... ......................29,324,191 .......................................... ........................2,754,686 ......................13,051,843 ...........................221,845 .......................................... ......................18,882,199 .......................(5,586,382)<br />
6. Increase in reserve on account of change in valuation basis.................................................................. .....................(53,643,367) .......................................... .....................(53,642,867) .......................................... .......................................... .......................................... .................................(500) ..........................................<br />
7. Other increases (net)................................................................................................................................ ...................(227,099,554) .......................................... ...................(483,139,631) ....................344,840,176 ............................(23,260) .......................................... ..........................(111,330) .....................(88,665,509)<br />
8. Totals (Lines 1 to 7).................................................................................................................................. ...............63,563,383,850 ......................32,597,057 ...............28,601,695,575 ...............26,159,859,421 ....................107,791,636 .......................................0 ....................639,740,677 .................8,021,699,484<br />
7<br />
9. Tabular cost.............................................................................................................................................. .................1,655,335,467 ...........................855,234 .................1,332,977,598 .......................................... ...............XXX.................... .......................................... ....................321,502,635 ..........................................<br />
10. Reserves released by death..................................................................................................................... ....................337,648,769 ...........................389,321 ....................325,062,403 ...............XXX.................... ...............XXX.................... .......................................... ......................12,197,045 ...............XXX....................<br />
11. Reserves released by other terminations (net)........................................................................................ .................1,209,059,252 ...........................379,171 .................1,189,548,810 .......................................... ..............................57,511 .......................................... ......................19,073,760 ..........................................<br />
12. Annuity, supplementary contract, and disability payments involving life contingencies......................... .................4,088,018,513 .......................................... ........................5,462,702 .................3,014,725,043 ......................13,222,991 .......................................... ......................17,231,801 .................1,037,375,976<br />
13. Net transfers to or (from) Separate Accounts.......................................................................................... .................1,973,348,825 .......................................... ...................(114,491,401) .................2,384,399,749 .......................................... .......................................... .......................................... ...................(296,559,523)<br />
14. Total deductions (Lines 9 to 13)............................................................................................................... .................9,263,410,826 ........................1,623,726 .................2,738,560,112 .................5,399,124,792 ......................13,280,502 .......................................0 ....................370,005,241 ....................740,816,453<br />
15. Reserve December 31, current year........................................................................................................ ...............54,299,973,024 ......................30,973,331 ...............25,863,135,463 ...............20,760,734,629 ......................94,511,134 .......................................0 ....................269,735,436 .................7,280,883,031
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT OF NET INVESTMENT INCOME<br />
1 2<br />
Collected<br />
Earned<br />
During Year<br />
During Year<br />
1. U.S. government bonds................................................................................................................................................................... (a)........................106,195,020 ............................105,445,811<br />
1.1 Bonds exempt from U.S. tax............................................................................................................................................................ (a)............................................. .................................................<br />
1.2 Other bonds (unaffiliated)................................................................................................................................................................ (a).....................2,719,797,636 .........................2,692,165,855<br />
1.3 Bonds of affiliates............................................................................................................................................................................ (a)............................8,322,133 ................................7,201,693<br />
2.1 Preferred stocks (unaffiliated).......................................................................................................................................................... (b)..........................99,405,155 ..............................95,855,475<br />
2.11 Preferred stocks of affiliates............................................................................................................................................................ (b)............................................. .................................................<br />
2.2 Common stocks (unaffiliated).......................................................................................................................................................... ................................2,601,426 ................................2,600,482<br />
2.21 Common stocks of affiliates............................................................................................................................................................. ..............................41,000,000 ..............................41,000,000<br />
3. Mortgage loans................................................................................................................................................................................ (c)........................465,812,489 ............................467,271,304<br />
4. Real estate...................................................................................................................................................................................... (d)..........................30,945,909 ..............................31,696,015<br />
5. Contract loans................................................................................................................................................................................. ............................141,637,590 ............................152,368,598<br />
6. Cash, cash equivalents and short-term investments....................................................................................................................... (e)..........................34,996,415 ..............................35,995,064<br />
7. Derivative instruments..................................................................................................................................................................... (f).............................8,187,484 ................................8,043,817<br />
8. Other invested assets...................................................................................................................................................................... ..............................91,158,163 ..............................91,427,574<br />
9. Aggregate write-ins for investment income..................................................................................................................................... ................................9,917,302 ..............................10,025,176<br />
10. Total gross investment income........................................................................................................................................................ .........................3,759,976,722 .........................3,741,096,864<br />
11. Investment expenses........................................................................................................................................................................................................................... (g)..........................94,341,999<br />
12. Investment taxes, licenses and fees, excluding federal income taxes................................................................................................................................................ (g)............................5,662,992<br />
13. Interest expense.................................................................................................................................................................................................................................. (h)........................100,594,641<br />
14. Depreciation on real estate and other invested assets........................................................................................................................................................................ (i).............................6,915,029<br />
15. Aggregate write-ins for deductions from investment income............................................................................................................................................................... ............................126,801,676<br />
16. Total deductions (Lines 11 through 15)............................................................................................................................................................................................... ............................334,316,337<br />
17. Net investment income (Line 10 minus Line 16)................................................................................................................................................................................. .........................3,406,780,527<br />
DETAILS OF WRITE-INS<br />
0901. Miscellaneous income..................................................................................................................................................................... ................................9,870,809 ................................9,978,683<br />
0902. Interest on policy liens..................................................................................................................................................................... .....................................46,493 .....................................46,493<br />
0903. ......................................................................................................................................................................................................... ................................................. .................................................<br />
0998. Summary of remaining write-ins for Line 9 from overflow page...................................................................................................... ..............................................0 ..............................................0<br />
0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)................................................................................................................. ................................9,917,302 ..............................10,025,176<br />
1501. Interest paid on funds withheld............................................................................................................................................................................................................ ............................126,801,676<br />
1502. ............................................................................................................................................................................................................................................................. .................................................<br />
1503. ............................................................................................................................................................................................................................................................. .................................................<br />
1598. Summary of remaining write-ins for Line 15 from overflow page........................................................................................................................................................ ..............................................0<br />
1599. Totals (Lines 1501 thru 1503 plus 1598) (Line 15 above)................................................................................................................................................................... ............................126,801,676<br />
(a) Includes $.....121,864,380 accrual of discount less $.....68,941,231 amortization of premium and less $.....23,803,972 paid for accrued interest on purchases.<br />
(b) Includes $.....205,209 accrual of discount less $.....2,088,451 amortization of premium and less $.....2,239 paid for accrued dividends on purchases.<br />
(c) Includes $.....455,894 accrual of discount less $.....231,378 amortization of premium and less $..........0 paid for accrued interest on purchases.<br />
(d) Includes $.....14,751,538 for company's occupancy of its own buildings; and excludes $..........0 interest on encumbrances.<br />
(e) Includes $.....23 accrual of discount less $.....2,753 amortization of premium and less $.....11,969 paid for accrued interest on purchases.<br />
(f) Includes $..........0 accrual of discount less $..........0 amortization of premium.<br />
(g) Includes $..........0 investment expenses and $..........0 investment taxes, licenses and fees, excluding federal income taxes, attributable to Segregated and Separate Accounts.<br />
(h) Includes $.....82,376,333 interest on surplus notes and $..........0 interest on capital notes.<br />
(i) Includes $.....6,915,029 depreciation on real estate and $..........0 depreciation on other invested assets.<br />
EXHIBIT OF CAPITAL GAINS (LOSSES)<br />
1 2 3 4 5<br />
Realized<br />
Change in<br />
Gain (Loss) Other Total Realized Change in Unrealized<br />
on Sales Realized Capital Gain (Loss) Unrealized Foreign Exchange<br />
or Maturity Adjustments (Columns 1 + 2) Capital Gain (Loss) Capital Gain (Loss)<br />
1. U.S. government bonds................................................................ .......................816,624 ..................................... .......................816,624 ..................................... .....................................<br />
1.1 Bonds exempt from U.S. tax......................................................... ..................................... ..................................... ..................................0 ..................................... .....................................<br />
1.2 Other bonds (unaffiliated).............................................................. ...............(176,737,599) ...............(589,830,103) ...............(766,567,702) .................(56,117,244) .................(58,917,225)<br />
1.3 Bonds of affiliates.......................................................................... ..................................... ..................................... ..................................0 ..................................... .....................................<br />
2.1 Preferred stocks (unaffiliated)....................................................... ...................(1,244,016) .................(93,736,305) .................(94,980,321) ...................(1,054,370) .....................................<br />
2.11 Preferred stocks of affiliates.......................................................... ..................................... ..................................... ..................................0 ..................................... .....................................<br />
2.2 Common stocks (unaffiliated)........................................................ .......................323,812 ...................(7,792,860) ...................(7,469,048) .................(24,188,837) .....................................<br />
2.21 Common stocks of affiliates.......................................................... ..................................... ..................................... ..................................0 ...............(142,226,194) .....................................<br />
3. Mortgage loans............................................................................. ......................(123,364) ..................................... ......................(123,364) ..................................... .....................................<br />
4. Real estate.................................................................................... ..................89,126,824 ...................(3,354,629) ..................85,772,195 ..................................... .....................................<br />
5. Contract loans............................................................................... ..................................... ..................................... ..................................0 ..................................... .....................................<br />
6. Cash, cash equivalents and short-term investments.................... .........................57,749 ..................................... .........................57,749 ..................................... .....................................<br />
7. Derivative instruments................................................................... ...............(105,671,955) ..................................... ...............(105,671,955) ...............(160,227,089) .....................................<br />
8. Other invested assets................................................................... ...........................2,399 ........................(22,457) ........................(20,058) .................(92,048,320) ...................(4,080,404)<br />
9. Aggregate write-ins for capital gains (losses)............................... ...................(1,048,822) ..................................0 ...................(1,048,822) ..................................0 ..................57,032,740<br />
10. Total capital gains (losses)............................................................ ...............(194,498,348) ...............(694,736,354) ...............(889,234,702) ...............(475,862,054) ...................(5,964,889)<br />
DETAILS OF WRITE-INS<br />
0901. Foreign exchange - currency fluctuation....................................... ...................(1,041,787) ..................................... ...................(1,041,787) ..................................... ..................57,032,740<br />
0902. Realized loss on prior disposed of BA Assets............................... ..........................(7,035) ..................................... ..........................(7,035) ..................................... .....................................<br />
0903. ...................................................................................................... ..................................... ..................................... ..................................0 ..................................... .....................................<br />
0998. Summary of remaining write-ins for Line 9 from overflow page.... ..................................0 ..................................0 ..................................0 ..................................0 ..................................0<br />
0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)............... ...................(1,048,822) ..................................0 ...................(1,048,822) ..................................0 ..................57,032,740<br />
8
9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 1 - PART 1 - PREMIUMS AND ANNUITY CONSIDERATIONS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS<br />
1 2 Ordinary 5 Group Accident and Health 11<br />
3 4 Credit <strong>Life</strong> 6 7 8 9 10 Aggregate of<br />
Industrial Individual (Group and Credit All Other Lines<br />
Total <strong>Life</strong> <strong>Life</strong> <strong>Insurance</strong> Annuities Individual) <strong>Life</strong> <strong>Insurance</strong> Annuities Group (Group & Individual) Other of Business<br />
FIRST YEAR (other than single)<br />
1. Uncollected............................................................................................ .....................700,473 ................................... .....................114,881 .....................585,592 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
2. Deferred and accrued............................................................................ ..................5,338,603 ................................... ..................5,338,603 ................................... ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
3. Deferred, accrued and uncollected:<br />
3.1 Direct............................................................................................... ..................6,039,076 ................................... ..................5,453,484 .....................585,592 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
3.2 Reinsurance assumed.................................................................... .....................730,912 ................................... .....................730,912 ................................... ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
3.3 Reinsurance ceded......................................................................... .....................730,912 ................................... .....................730,912 ................................... ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
3.4 Net (Line 1 + Line 2)....................................................................... ..................6,039,076 ................................0 ..................5,453,484 .....................585,592 ................................0 ................................0 ................................0 ..............................0 ..............................0 ..............................0 ..............................0<br />
4. Advance................................................................................................. .......................33,055 ................................... .......................33,055 ................................... ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
5. Line 3.4 - Line 4..................................................................................... ..................6,006,021 ................................0 ..................5,420,429 .....................585,592 ................................0 ................................0 ................................0 ..............................0 ..............................0 ..............................0 ..............................0<br />
6. Collected during year:<br />
6.1 Direct............................................................................................... .........11,229,454,334 ................................... ...........1,346,452,570 ...........9,883,001,764 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
6.2 Reinsurance assumed.................................................................... ..................1,175,280 ................................... ..................1,154,534 .......................20,746 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
6.3 Reinsurance ceded......................................................................... ..............817,601,504 ................................... ..............817,404,296 .....................197,208 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
6.4 Net.................................................................................................. .........10,413,028,110 ................................0 ..............530,202,808 ...........9,882,825,302 ................................0 ................................0 ................................0 ..............................0 ..............................0 ..............................0 ..............................0<br />
7. Line 5 + Line 6.4.................................................................................... .........10,419,034,131 ................................0 ..............535,623,237 ...........9,883,410,894 ................................0 ................................0 ................................0 ..............................0 ..............................0 ..............................0 ..............................0<br />
8. Prior year (uncollected + deferred and accrued - advance)................... ..................3,621,247 ................................... ..................3,408,495 .....................212,752 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
9. First year premiums and considerations:<br />
9.1 Direct............................................................................................... .........11,231,187,225 ................................... ...........1,347,812,621 ...........9,883,374,604 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
9.2 Reinsurance assumed.................................................................... ..................1,732,958 ................................... ..................1,712,212 .......................20,746 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
9.3 Reinsurance ceded......................................................................... ..............817,507,300 ................................... ..............817,310,092 .....................197,208 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
9.4 Net (Line 7 - Line 8)........................................................................ .........10,415,412,884 ................................0 ..............532,214,742 ...........9,883,198,142 ................................0 ................................0 ................................0 ..............................0 ..............................0 ..............................0 ..............................0<br />
SINGLE<br />
10. Single premiums and considerations:<br />
10.1 Direct............................................................................................. ...........1,301,038,249 ................................... ..............371,701,658 ..............929,336,591 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
10.2 Reinsurance assumed.................................................................. ................72,176,003 ................................... ................72,122,723 .......................53,280 ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
10.3 Reinsurance ceded....................................................................... .........................6,706 ................................... .........................6,706 ................................... ................................... ................................... ................................... ................................. ................................. ................................. .................................<br />
10.4 Net................................................................................................ ...........1,373,207,546 ................................0 ..............443,817,675 ..............929,389,871 ................................0 ................................0 ................................0 ..............................0 ..............................0 ..............................0 ..............................0<br />
RENEWAL<br />
11. Uncollected............................................................................................ ................48,198,315 ................................... ................17,272,351 ...............(20,386,629) ................................... ................16,784,265 .........................7,397 ..............33,043,636 ................................. ................1,477,295 .................................<br />
12. Deferred and accrued............................................................................ ................77,509,510 ................................... ................80,824,513 ................................... ................................... .................(3,551,194) ................................... ...................236,191 ................................. ................................. .................................<br />
13. Deferred, accrued and uncollected:<br />
13.1 Direct............................................................................................. ..............132,260,445 ................................... ................85,619,836 ................................... ................................... ................12,434,357 .........................7,397 ..............33,544,831 ................................. ...................654,024 .................................<br />
13.2 Reinsurance assumed.................................................................. ..............453,476,981 ................................... ..............444,938,787 .........................8,665 ....................(476,927) .....................896,860 .........................2,069 ...................895,222 ..................(784,356) ................7,996,661 .................................<br />
13.3 Reinsurance ceded....................................................................... ..............460,029,603 ................................... ..............432,461,760 ................20,395,294 ....................(476,927) .......................98,147 .........................2,069 ................1,160,226 ..................(784,356) ................7,173,390 .................................<br />
13.4 Net (Line 11 + Line 12)................................................................. ..............125,707,825 ................................0 ................98,096,864 ...............(20,386,629) ................................0 ................13,233,071 .........................7,397 ..............33,279,827 ..............................0 ................1,477,295 ..............................0<br />
14. Advance................................................................................................. ................15,409,915 ................................... ..................3,116,453 ................................... ................................... ..................3,838,368 ................................... ................8,392,179 ................................. .....................62,915 .................................<br />
15. Line 13.4 - Line 14................................................................................. ..............110,297,910 ................................0 ................94,980,411 ...............(20,386,629) ................................0 ..................9,394,703 .........................7,397 ..............24,887,648 ..............................0 ................1,414,380 ..............................0<br />
16. Collected during year:<br />
16.1 Direct............................................................................................. ...........7,553,133,321 ................................... ...........2,425,436,783 ...........1,059,132,400 ................................... ..............471,806,376 ...........2,532,670,686 .........1,011,918,540 ................................. ..............52,168,536 .................................<br />
16.2 Reinsurance assumed.................................................................. ...........1,408,702,287 ................................... ...........1,364,586,774 .....................959,284 .................(1,722,724) ..................7,613,200 ..................1,326,841 .....................81,526 ...............(3,637,420) ..............39,494,806 .................................<br />
16.3 Reinsurance ceded....................................................................... ...........2,678,443,793 ................................... ...........2,340,078,013 ..............251,944,196 .................(1,722,724) ..................4,902,187 .....................443,814 ................7,810,017 ...............(3,637,420) ..............78,625,710 .................................<br />
16.4 Net................................................................................................ ...........6,283,391,815 ................................0 ...........1,449,945,544 ..............808,147,488 ................................0 ..............474,517,389 ...........2,533,553,713 .........1,004,190,049 ..............................0 ..............13,037,632 ..............................0<br />
17. Line 15 + Line 16.4................................................................................ ...........6,393,689,725 ................................0 ...........1,544,925,955 ..............787,760,859 ................................0 ..............483,912,092 ...........2,533,561,110 .........1,029,077,697 ..............................0 ..............14,452,012 ..............................0<br />
18. Prior year (uncollected + deferred and accrued - advance)................... .............(249,781,307) ................................... .............(264,176,074) ...............(19,146,064) ................................... ..................7,387,388 .........................2,033 ..............26,420,314 ................................. ..................(268,904) .................................<br />
19. Renewal premiums and considerations:<br />
19.1 Direct............................................................................................. ...........7,555,890,414 ................................... ...........2,426,616,881 ...........1,059,128,487 ................................... ..............474,316,842 ...........2,532,676,050 .........1,011,349,732 ................................. ..............51,802,422 .................................<br />
19.2 Reinsurance assumed.................................................................. ...........1,419,138,960 ................................... ...........1,364,586,774 .....................965,536 .................(1,722,724) ..................7,281,253 ..................1,214,357 ..............15,532,473 ...............(2,750,079) ..............34,031,370 .................................<br />
19.3 Reinsurance ceded....................................................................... ...........2,331,558,341 ................................... ...........1,982,101,623 ..............253,187,100 .................(1,722,724) ..................5,073,392 .....................331,330 ..............24,224,822 ...............(2,750,079) ..............71,112,877 .................................<br />
19.4 Net (Line 17 - Line 18).................................................................. ...........6,643,471,032 ................................0 ...........1,809,102,029 ..............806,906,923 ................................0 ..............476,524,704 ...........2,533,559,077 .........1,002,657,383 ..............................0 ..............14,720,916 ..............................0<br />
TOTAL<br />
20. Total premiums and annuity considerations:<br />
20.1 Direct............................................................................................. .........20,088,115,888 ................................0 ...........4,146,131,160 .........11,871,839,682 ................................0 ..............474,316,842 ...........2,532,676,050 .........1,011,349,732 ..............................0 ..............51,802,422 ..............................0<br />
20.2 Reinsurance assumed.................................................................. ...........1,493,047,921 ................................0 ...........1,438,421,709 ..................1,039,562 .................(1,722,724) ..................7,281,253 ..................1,214,357 ..............15,532,473 ...............(2,750,079) ..............34,031,370 ..............................0<br />
20.3 Reinsurance ceded....................................................................... ...........3,149,072,347 ................................0 ...........2,799,418,421 ..............253,384,308 .................(1,722,724) ..................5,073,392 .....................331,330 ..............24,224,822 ...............(2,750,079) ..............71,112,877 ..............................0<br />
20.4 Net (Lines 9.4 + 10.4 + 19.4)........................................................ .........18,432,091,462 ................................0 ...........2,785,134,446 .........11,619,494,936 ................................0 ..............476,524,704 ...........2,533,559,077 .........1,002,657,383 ..............................0 ..............14,720,916 ..............................0
Annual Statement for the year 2008 of the<br />
DIVIDENDS AND COUPONS APPLIED<br />
(included in Part 1)<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 1 - PART 2 - DIVIDENDS AND COUPONS APPLIED, REINSURANCE COMMISSIONS AND<br />
EXPENSE ALLOWANCES AND COMMISSIONS INCURRED (direct business only)<br />
1 2 Ordinary 5 Group Accident and Health 11<br />
3 4 Credit <strong>Life</strong> 6 7 8 9 10 Aggregate of<br />
Industrial Individual (Group and Credit All Other Lines<br />
Total <strong>Life</strong> <strong>Life</strong> <strong>Insurance</strong> Annuities Individual) <strong>Life</strong> <strong>Insurance</strong> Annuities Group (Group & Individual) Other of Business<br />
21. To pay renewal premiums.............................................. ...................9,511,985 ..................................... ...................9,511,985 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................................<br />
22. All other........................................................................... .................38,621,431 ..................................... .................38,560,915 ........................60,516 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................................<br />
REINSURANCE COMMISSIONS AND<br />
EXPENSE ALLOWANCES INCURRED<br />
23. First year (other than single):<br />
23.1 Reinsurance ceded............................................... ...............130,575,277 ..................................... ...............130,478,006 ........................86,746 ..................................... ..................................... ..................................... ..................................... ..................................... ........................10,525 ...................................<br />
23.2 Reinsurance assumed........................................... ......................397,797 ..................................... ......................207,151 ......................153,735 ..................................... ..................................... ..................................... ..................................... ..................................... ........................36,911 ...................................<br />
23.3 Net ceded less assumed....................................... ...............130,177,480 .................................0 ...............130,270,855 .......................(66,989) .................................0 .................................0 .................................0 .................................0 .................................0 .......................(26,386) ...............................0<br />
24. Single:<br />
24.1 Reinsurance ceded............................................... .................................0 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................................<br />
24.2 Reinsurance assumed........................................... ..........................1,296 ..................................... ..................................... ..........................1,296 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................................<br />
10<br />
24.3 Net ceded less assumed....................................... .........................(1,296) .................................0 .................................0 .........................(1,296) .................................0 .................................0 .................................0 .................................0 .................................0 .................................0 ...............................0<br />
25. Renewal:<br />
25.1 Reinsurance ceded............................................... ...............268,495,442 ..................................... ...............181,011,276 ...................6,021,522 .....................(949,621) ........................72,079 ........................39,185 ......................119,863 ..................(1,443,884) .................16,010,145 ...............67,614,877<br />
25.2 Reinsurance assumed........................................... ...............188,303,344 ..................................... ...............176,980,265 .....................(559,905) .....................(949,131) ...................1,536,961 ........................45,724 ......................106,019 ..................(1,441,175) .................12,584,586 ...................................<br />
25.3 Net ceded less assumed....................................... .................80,192,098 .................................0 ...................4,031,011 ...................6,581,427 ............................(490) ..................(1,464,882) .........................(6,539) ........................13,844 .........................(2,709) ...................3,425,559 ...............67,614,877<br />
26. Totals:<br />
26.1 Reinsurance ceded (Page 6, Line 6).................... ...............399,070,719 .................................0 ...............311,489,282 ...................6,108,268 .....................(949,621) ........................72,079 ........................39,185 ......................119,863 ..................(1,443,884) .................16,020,670 ...............67,614,877<br />
26.2 Reinsurance assumed (Page 6, Line 22)............. ...............188,702,437 .................................0 ...............177,187,416 .....................(404,874) .....................(949,131) ...................1,536,961 ........................45,724 ......................106,019 ..................(1,441,175) .................12,621,497 ...............................0<br />
26.3 Net ceded less assumed....................................... ...............210,368,282 .................................0 ...............134,301,866 ...................6,513,142 ............................(490) ..................(1,464,882) .........................(6,539) ........................13,844 .........................(2,709) ...................3,399,173 ...............67,614,877<br />
COMMISSIONS INCURRED<br />
(direct business only)<br />
27. First year (other than single)........................................... ...............704,646,195 ..................................... ...............665,135,893 .................39,490,603 ..................................... ..................................... ..................................... ..................................... ..................................... ........................19,699 ...................................<br />
28. Single.............................................................................. .................79,750,097 ..................................... ......................269,401 .................79,480,696 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................................<br />
29. Renewal.......................................................................... ...............899,203,225 ..........................2,147 ...............123,092,924 ...............574,088,942 ..................................... .................58,508,288 .................38,104,064 ...............102,985,082 ..................................... ...................2,421,778 ...................................<br />
30. Deposit-type contract funds............................................ .................................0 ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ..................................... ...................................<br />
31. Totals (to agree with Page 6, Line 21)........................... ............1,683,599,517 ..........................2,147 ...............788,498,218 ...............693,060,241 .................................0 .................58,508,288 .................38,104,064 ...............102,985,082 .................................0 ...................2,441,477 ...............................0
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 2 - GENERAL EXPENSES<br />
<strong>Insurance</strong> 5 6<br />
1 Accident and Health 4<br />
2 3 All Other Lines<br />
<strong>Life</strong> Cost Containment All Other of Business Investment Total<br />
1. Rent....................................................................................................... ..........38,608,805 ...................1,755 ............4,553,268 ............1,406,236 ...............265,613 ..........44,835,677<br />
2. Salaries and wages............................................................................... ........435,672,613 ............1,760,309 ..........51,968,281 ............6,238,273 ..........33,172,515 ........528,811,991<br />
3.11 Contributions for benefit plans for employees....................................... ..........66,702,364 ...............145,529 ..........11,918,330 ...............974,449 ............2,796,993 ..........82,537,665<br />
3.12 Contributions for benefit plans for agents.............................................. ..........13,705,888 ......................520 .................63,402 .................96,141 .........................(8) ..........13,865,943<br />
3.21 Payments to employees under non-funded benefit plans..................... ............................. ............................. ............................. ............................. ............................. ..........................0<br />
3.22 Payments to agents under non-funded benefit plans............................ ............................. ............................. ............................. ............................. ............................. ..........................0<br />
3.31 Other employee welfare........................................................................ ............8,034,262 .................21,418 ............1,137,335 ...............117,019 ...............429,465 ............9,739,499<br />
3.32 Other agent welfare............................................................................... ..........15,772,071 ...................1,757 ..........17,753,585 ...............832,469 ............1,014,547 ..........35,374,429<br />
4.1 Legal fees and expenses....................................................................... ............6,809,712 ...............410,107 ...............223,656 ...............111,559 ............1,483,324 ............9,038,358<br />
4.2 Medical examination fees...................................................................... ............8,195,894 ............1,870,617 ...............485,113 ...............100,637 ...................2,866 ..........10,655,127<br />
4.3 Inspection report fees............................................................................ ...............410,300 ........................22 ...................6,347 ...................3,974 ............................. ...............420,643<br />
4.4 Fees of public accountants and consulting actuaries............................ ..........35,118,033 ...............110,569 ............2,193,699 ..........29,972,912 ............6,944,361 ..........74,339,574<br />
4.5 Expense of investigation and settlement of policy claims...................... ...........(2,820,658) ............2,204,270 ................(13,832) ..................(6,011) .....................(970) ..............(637,201)<br />
5.1 Traveling expenses............................................................................... ..........39,218,495 .................10,650 ............3,772,557 ...............749,167 ............1,332,225 ..........45,083,094<br />
5.2 Advertising............................................................................................. ..........20,010,167 ...................1,344 ...............652,730 ...............223,777 ...............347,041 ..........21,235,059<br />
5.3 Postage, express, telegraph and telephone.......................................... ..........28,490,610 .................40,417 ............4,049,257 ...............531,005 ...............280,179 ..........33,391,468<br />
5.4 Printing and stationery........................................................................... ..........32,092,511 .................76,624 ............1,198,103 ...............623,850 ...............226,364 ..........34,217,452<br />
5.5 Cost or depreciation of furniture and equipment................................... ..........21,823,768 .................25,502 ...............909,764 ............2,124,128 ...............826,290 ..........25,709,452<br />
5.6 Rental of equipment.............................................................................. ..........49,476,163 ...................6,217 ............1,652,434 ............1,138,403 ............3,370,707 ..........55,643,924<br />
5.7 Cost or depreciation of EDP equipment and software........................... ............9,290,395 ............................. ............................. ............................. ............................. ............9,290,395<br />
6.1 Books and periodicals........................................................................... ............2,451,785 ......................132 .................79,905 .................24,899 .................24,298 ............2,581,019<br />
6.2 Bureau and association fees................................................................. ............3,415,645 ......................417 ...............208,339 .................37,350 ...............205,304 ............3,867,055<br />
6.3 <strong>Insurance</strong>, except on real estate........................................................... ............8,609,960 ......................479 ...............669,458 .................88,508 ...............439,562 ............9,807,967<br />
6.4 Miscellaneous losses............................................................................. ...............704,824 ........................37 .................11,545 ...................6,843 ...................1,617 ...............724,866<br />
6.5 Collection and bank service charges..................................................... ............3,588,176 ......................202 ...............310,366 .................37,366 .................26,075 ............3,962,185<br />
6.6 Sundry general expenses...................................................................... ............1,579,768 .................60,566 ...........(3,471,740) ..........17,498,921 ............2,400,075 ..........18,067,590<br />
6.7 Group service and administration fees.................................................. ............2,556,452 ......................803 ............1,543,865 ...............148,355 ........................75 ............4,249,550<br />
6.8 Reimbursements by uninsured plans.................................................... ............................. ............................. ............................. ............................. ............................. ..........................0<br />
7.1 Agency expense allowance................................................................... ............2,762,440 ............................. ............................. ............................. ............................. ............2,762,440<br />
7.2 Agents' balances charged off (less $..........0 recovered)....................... ...............460,845 ........................24 ...................7,129 ...................4,464 ............................. ...............472,462<br />
7.3 Agency conferences other than local meetings..................................... ..........13,043,780 ......................691 ...............345,291 ...............128,171 ...............143,140 ..........13,661,073<br />
9.1 Real estate expenses............................................................................ ............8,064,521 ......................453 ...............143,434 ...............107,128 ......................119 ............8,315,655<br />
9.2 Investment expenses not included elsewhere....................................... ..........10,566,236 ......................555 ...............177,455 ...............102,474 ..........37,889,096 ..........48,735,816<br />
9.3 Aggregate write-ins for expenses.......................................................... ..........45,394,120 ...................4,041 ............1,308,402 ............4,737,642 ...............721,126 ..........52,165,331<br />
10. General expenses Incurred................................................................... ........929,809,945 ............6,756,027 ........103,857,478 ..........68,160,109 ..........94,341,999 (a).1,202,925,558<br />
11. General expenses unpaid December 31, prior year.............................. ........304,832,919 ............................. ............................. ..........28,934,112 ..........43,805,419 ........377,572,450<br />
12. General expenses unpaid December 31, current year.......................... ........240,205,054 ............1,745,337 ..........26,830,312 ..........17,608,332 ..........24,372,104 ........310,761,139<br />
13. Amounts receivable relating to uninsured plans, prior year................... ............................. ............................. ............................. ............................. ............................. ..........................0<br />
14. Amounts receivable relating to uninsured plans, current year............... ............................. ............................. ............................. ............................. ............................. ..........................0<br />
15. General expenses paid during year (Lines 10 + 11 - 12 - 13 + 14)....... ........994,437,810 ............5,010,690 ..........77,027,166 ..........79,485,889 ........113,775,314 .....1,269,736,869<br />
DETAILS OF WRITE-INS<br />
09.301. Outsourcing ......................................................................................... ..........21,640,988 ...................1,185 ...............583,521 ...............937,194 ...............365,612 ..........23,528,500<br />
09.302. Temporary help ................................................................................... ..........23,753,132 ...................2,856 ...............724,881 ............3,800,448 ...............355,514 ..........28,636,831<br />
09.303. ............................................................................................................... ............................. ............................. ............................. ............................. ............................. ..........................0<br />
09.398. Summary of remaining write-ins for Line 9.3 from overflow page......... ..........................0 ..........................0 ..........................0 ..........................0 ..........................0 ..........................0<br />
09.399. Totals (Lines 09.301 thru 09.303 plus 09.398)(Line 9.3 above)............ ..........45,394,120 ...................4,041 ............1,308,402 ............4,737,642 ...............721,126 ..........52,165,331<br />
(a) Includes management fees of $.....53,075,406 to affiliates and $..........0 to non-affiliates.<br />
EXHIBIT 3 - TAXES, LICENSES AND FEES (EXCLUDING FEDERAL INCOME TAXES)<br />
<strong>Insurance</strong> 4 5<br />
1 2 3<br />
Accident All Other Lines<br />
<strong>Life</strong> and Health of Business Investment Total<br />
1. Real estate taxes................................................................................................................... ............5,333,151 ...............637,457 ............................. ............................. ............5,970,608<br />
2. State insurance department licenses and fees...................................................................... ............9,799,155 ...............111,512 ............................. ...............280,411 ..........10,191,078<br />
3. State taxes on premiums....................................................................................................... ..........83,337,041 ..........21,078,140 ............................. ............................. ........104,415,181<br />
4. Other state taxes, including $.....1,522,567 for employee benefits........................................ ............2,281,625 ...............230,971 ............................. ...............163,800 ............2,676,396<br />
5. U.S. Social Security taxes..................................................................................................... ..........36,492,433 ............4,860,808 ............................. ............5,216,710 ..........46,569,951<br />
6. All other taxes........................................................................................................................ ............6,757,234 .................10,837 ............................. ...................2,071 ............6,770,142<br />
7. Taxes, licenses and fees incurred......................................................................................... ........144,000,639 ..........26,929,725 ..........................0 ............5,662,992 ........176,593,356<br />
8. Taxes, licenses and fees unpaid December 31, prior year................................................... ..........30,657,173 ..........11,664,608 ............................. ............3,635,340 ..........45,957,121<br />
9. Taxes, licenses and fees unpaid December 31, current year............................................... ...........(1,037,841) ..........31,166,247 ............................. ...............549,907 ..........30,678,313<br />
10. Taxes, licenses and fees paid during year (Lines 7 + 8 - 9).................................................. ........175,695,653 ............7,428,086 ..........................0 ............8,748,425 ........191,872,164<br />
EXHIBIT 4 - DIVIDENDS OR REFUNDS<br />
1 2<br />
<strong>Life</strong><br />
Accident and Health<br />
1. Applied to pay renewal premiums................................................................................................................................................................. ........................9,511,985 .........................................<br />
2. Applied to shorten the endowment or premium-paying period...................................................................................................................... ......................................... .........................................<br />
3. Applied to provide paid-up additions............................................................................................................................................................. ......................38,621,431 .........................................<br />
4. Applied to provide paid-up annuities............................................................................................................................................................. ......................................... .........................................<br />
5. Total Lines 1 through 4.................................................................................................................................................................................. ......................48,133,416 ......................................0<br />
6. Paid-in cash................................................................................................................................................................................................... ........................2,600,893 .........................................<br />
7. Left on deposit............................................................................................................................................................................................... ......................12,575,242 .........................................<br />
8. Aggregate write-ins for dividend or refund options........................................................................................................................................ ......................................0 ......................................0<br />
9. Total Lines 5 through 8.................................................................................................................................................................................. ......................63,309,551 ......................................0<br />
10. Amount due and unpaid................................................................................................................................................................................ ...........................191,889 .........................................<br />
11. Provision for dividends or refunds payable in the following calendar year.................................................................................................... ......................61,665,546 .........................................<br />
12. Terminal dividends........................................................................................................................................................................................ ......................................... .........................................<br />
13. Provision for deferred dividend contracts...................................................................................................................................................... ........................3,277,431 .........................................<br />
14. Amount provisionally held for deferred dividend contracts not included in Line 13....................................................................................... ......................................... .........................................<br />
15. Total Lines 10 through 14.............................................................................................................................................................................. ......................65,134,866 ......................................0<br />
16. Total from prior year...................................................................................................................................................................................... ......................64,559,019 .........................................<br />
17. Total dividends or refunds (Lines 9 + 15 - 16)............................................................................................................................................... ......................63,885,398 ......................................0<br />
DETAILS OF WRITE-INS<br />
0801. ....................................................................................................................................................................................................................... ......................................... .........................................<br />
0802. ....................................................................................................................................................................................................................... ......................................... .........................................<br />
0803. ....................................................................................................................................................................................................................... ......................................... .........................................<br />
0898. Summary of remaining write-ins for Line 8 from overflow page.................................................................................................................... ......................................0 ......................................0<br />
0899. Totals (Line 0801 thru 0803 plus 0898) (Line 8 above)................................................................................................................................. ......................................0 ......................................0<br />
11
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
<strong>Life</strong> <strong>Insurance</strong>:<br />
0100001. 1937 SA (2 yr setback) ALB 4% CRVM................................................................................. .............1,441,540 ............................ ...........1,441,540 ............................ ............................<br />
0100002. 1937 SA (2 yr setback) ANB 4% CRVM................................................................................ ................265,636 ............................ ..............265,636 ............................ ............................<br />
0100003. 1941 CSO 2.5% CRVM CNF 41-73....................................................................................... .............4,821,022 ............................ ...........4,821,022 ............................ ............................<br />
0100004. 1941 CSO 2.5% CRVM CRF 48-62....................................................................................... .............3,135,465 ............................ ...........3,135,465 ............................ ............................<br />
0100005. 1941 CSO 2.5% FPT CRF 52-62........................................................................................... .............9,032,004 ............................ ...........9,032,004 ............................ ............................<br />
0100006. 1941 CSO 2.5% NJ CRF 48-62............................................................................................. ...........21,643,737 ............................ .........21,643,737 ............................ ............................<br />
0100007. 1941 CSO 2.5% NLP............................................................................................................. ..................27,915 ............................ ................27,915 ............................ ............................<br />
0100008. 1941 CSO 2.5% NLP CNF 30-80........................................................................................... ...........19,034,312 ............................ .........19,034,312 ............................ ............................<br />
0100009. 1941 CSO 2.5% NLP CRF 47-62........................................................................................... ...........40,490,030 ............................ .........40,490,030 ............................ ............................<br />
0100010. 1941 CSO 3% CRVM............................................................................................................. .............7,698,060 ............................ ...........7,698,060 ............................ ............................<br />
0100011. 1941 CSO 3% CRVM CNF 60-67.......................................................................................... .............2,316,184 ............................ ...........2,316,184 ............................ ............................<br />
0100012. 1941 CSO 3% CRVM CRF 58-67.......................................................................................... ...........16,948,586 ............................ .........16,948,586 ............................ ............................<br />
0100013. 1941 CSO 3% NLP................................................................................................................ ..................82,125 ............................ ................82,125 ............................ ............................<br />
0100014. 1941 CSO 3% NLP CNF 48-62.............................................................................................. ...........23,580,353 ............................ .........23,580,353 ............................ ............................<br />
0100015. 1941 CSSI 3% NLP CNF 48-78............................................................................................. .............2,936,387 ...........2,936,387 ............................ ............................ ............................<br />
0100016. 1941 CSO 3% NLP CRF 48-67.............................................................................................. ...........63,355,299 ............................ .........63,355,299 ............................ ............................<br />
0100017. 1941 CSO ANB 2.25% NLP CNF 47-58................................................................................ .............8,273,493 ............................ ...........8,273,493 ............................ ............................<br />
0100018. 1941 CSO ANB 2.5% CRVM CRF 48-61............................................................................... ................917,917 ............................ ..............917,917 ............................ ............................<br />
0100019. 1941 CSO ANB 2.5% NLP CNF 36-65.................................................................................. ...........19,087,956 ............................ .........19,087,956 ............................ ............................<br />
0100020. 1941 CSO ANB 2.5% NLP CRF 49-61.................................................................................. ................377,792 ............................ ..............377,792 ............................ ............................<br />
0100021. 1941 CSO ANB 2.75% NLP CNF 54-57................................................................................ .............2,632,940 ............................ ...........2,632,940 ............................ ............................<br />
0100022. 1941 CSO ANB 2.75%-2.25% CRVM CNF 72...................................................................... ....................8,270 ............................ ..................8,270 ............................ ............................<br />
0100023. 1941 CSO ANB 3% CRVM CRF 48-64.................................................................................. ...........11,767,485 ............................ .........11,767,485 ............................ ............................<br />
0100024. 1941 CSO ANB 3% NLP CNF 57-62..................................................................................... ...........17,566,914 ............................ .........17,566,914 ............................ ............................<br />
0100025. 1941 CSO ANB 3% NLP CRF 48-78..................................................................................... .............1,292,696 ............................ ...........1,292,696 ............................ ............................<br />
0100026. 1941 CSO 130% ANB 3% NLP CRF 57................................................................................ ....................2,305 ............................ ..................2,305 ............................ ............................<br />
0100027. 1941 CSO ANB 3.25% NLP CRF 54-57................................................................................ ................182,480 ............................ ..............182,480 ............................ ............................<br />
0100028. 1941 CSO ANB 3.5% NLP..................................................................................................... .............3,916,179 ............................ ...........3,916,179 ............................ ............................<br />
0100029. 1941 CSO ANB 3.5% NLP CRF 58-63.................................................................................. ................404,520 ............................ ..............404,520 ............................ ............................<br />
0100030. 1941 SSI 130% ANB 3% NLP CNF 48-67............................................................................. ..................73,764 ................73,764 ............................ ............................ ............................<br />
0100031. 1941 SI 130% ANB 3% NLP CNF 48-70............................................................................... ................240,945 ..............240,945 ............................ ............................ ............................<br />
0100032. 1941 SI ANB 3% NLP CNF 48-73.......................................................................................... ...........11,847,182 .........11,847,182 ............................ ............................ ............................<br />
0100033. 1958 CET 4% NLP CNF 86-94.............................................................................................. ....................5,508 ............................ ..................5,508 ............................ ............................<br />
0100034. 1958 CET ALB 3.5%.............................................................................................................. ..................45,202 ............................ ............................ ................45,202 ............................<br />
0100035. 1958 CET ALB 3.5% CRVM.................................................................................................. ................243,361 ............................ ............................ ..............243,361 ............................<br />
0100036. 1958 CET ANB 2% NLP CRF 65-80...................................................................................... ..................14,063 ............................ ................14,063 ............................ ............................<br />
0100037. 1958 CET ANB 3% NLP CNF 73-84...................................................................................... ................317,493 ..............317,493 ............................ ............................ ............................<br />
0100038. 1958 CET ANB 3% NLP CRF 62-87...................................................................................... ..................36,334 ............................ ................36,334 ............................ ............................<br />
0100039. 1958 CET ANB 3.5% MOD CRF 57-81................................................................................. ..................11,941 ............................ ................11,941 ............................ ............................<br />
0100040. 1958 CET ANB 3.5% NLP CRF 63-99................................................................................... .............3,089,902 ............................ ...........3,089,902 ............................ ............................<br />
0100041. 1958 CET ANB 4% NLP CRF 78-88...................................................................................... ................362,370 ............................ ..............362,370 ............................ ............................<br />
0100042. 1958 CET ANB 4.5% NLP CNF 83-84................................................................................... ....................3,927 ..................3,927 ............................ ............................ ............................<br />
0100043. 1958 CET ANB 4.5% NLP CRF 85........................................................................................ ....................2,393 ............................ ..................2,393 ............................ ............................<br />
0100044. 1958 CET ANB 5.5% NLP CRF 80-83................................................................................... ....................6,653 ............................ ..................6,653 ............................ ............................<br />
0100045. 1958 CSO 2.5% CRVM.......................................................................................................... ................293,784 ............................ ..............293,784 ............................ ............................<br />
0100046. 1958 CSO 2.5% CRVM CNF 62-78....................................................................................... ................353,120 ............................ ..............353,120 ............................ ............................<br />
0100047. 1958 CSO 2.5% MOD CNF 61-80......................................................................................... ................174,049 ............................ ..............174,049 ............................ ............................<br />
0100048. 1958 CSO 2.5% NJ CNF 88.................................................................................................. ..................90,551 ............................ ................90,551 ............................ ............................<br />
0100049. 1958 CSO 2.5% NJ CRF 62-79............................................................................................. ...........83,763,020 ............................ .........83,763,020 ............................ ............................<br />
0100050. 1958 CSO 2.5% NLP CNF 53-93........................................................................................... .........122,496,209 ............................ .......122,496,209 ............................ ............................<br />
0100051. 1958 CSO 2.5% NLP CRF 62-87........................................................................................... ...........27,867,043 ............................ .........27,867,043 ............................ ............................<br />
0100052. 1958 CSO 3% CRVM............................................................................................................. .............6,499,101 ............................ ...........6,499,101 ............................ ............................<br />
0100053. 1958 CSO 3% CRVM CNF 62-85.......................................................................................... ...........97,495,991 ............................ .........97,495,991 ............................ ............................<br />
0100054. 1958 CSO 3% MOD CNF 70-80............................................................................................ ................215,126 ............................ ..............215,126 ............................ ............................<br />
0100055. 1958 CSO 3% NJ CRF 60-86................................................................................................ ...........24,041,295 ............................ .........24,041,295 ............................ ............................<br />
0100056. 1958 CSO 3% NLP 62-88...................................................................................................... ...........18,435,345 ............................ ................42,040 ............................ .........18,393,305<br />
0100057. 1958 CSO 3% NLP ISL 96..................................................................................................... ..................64,191 ............................ ................64,191 ............................ ............................<br />
0100058. 1958 CSO 3% NLP CNF 53-06.............................................................................................. .........131,874,194 ............................ .......131,874,194 ............................ ............................<br />
0100059. 1958 CSO 3% NLP CRF 62-89.............................................................................................. .............4,845,800 ............................ ...........4,654,188 ............................ ..............191,612<br />
0100060. 1958 CSO 3.27% CRVM........................................................................................................ ................829,903 ............................ ............................ ............................ ..............829,903<br />
0100061. 1958 CSO 3.5% CRVM.......................................................................................................... .............4,818,788 ............................ ...........4,607,961 ............................ ..............210,827<br />
0100062. 1958 CSO 3.5% CRVM CNF 64-87....................................................................................... .............5,505,922 ............................ ...........5,505,922 ............................ ............................<br />
0100063. 1958 CSO 3.5% CRVM CRF 73-89....................................................................................... ..................19,238 ............................ ................19,238 ............................ ............................<br />
0100064. 1958 CSO 3.5% NJ CRF 65-69............................................................................................. .............1,067,191 ............................ ...........1,067,191 ............................ ............................<br />
0100065. 1958 CSO 3.5% NLP 64-82................................................................................................... ................859,090 ............................ ..................2,510 ............................ ..............856,580<br />
0100066. 1958 CSO 3.5% NLP CNF 62-02........................................................................................... ...........51,139,829 ............................ .........48,739,430 ............................ ...........2,400,399<br />
0100067. 1958 CSO 3.5% NLP CRF 63-97........................................................................................... .............3,450,209 ............................ ...........3,450,209 ............................ ............................<br />
0100068. 1958 CSO 3.5%-2.5% CRVM CNF 77-80.............................................................................. .............1,921,474 ............................ ...........1,921,474 ............................ ............................<br />
0100069. 1958 CSO 3.5%-2.5% NJ CNF 77-87.................................................................................... ..................59,717 ............................ ................59,717 ............................ ............................<br />
0100070. 1958 CSO 3.5%-2.5% NJ CRF 77-83.................................................................................... ...........15,921,163 ............................ .........15,921,163 ............................ ............................<br />
0100071. 1958 CSO 3.5%-2.5% NLP CNF 77-83................................................................................. .............1,748,105 ............................ ...........1,748,105 ............................ ............................<br />
0100072. 1958 CSO 4% ISL.................................................................................................................. ................687,099 ............................ ..............687,099 ............................ ............................<br />
0100073. 1958 CSO 4% CRVM............................................................................................................. .............4,901,590 ............................ ...........4,439,343 ............................ ..............462,247<br />
0100074. 1958 CSO 4% CRVM CNF 69-88.......................................................................................... .............4,907,794 ............................ ...........4,907,794 ............................ ............................<br />
0100075. 1958 CSO 4% CRVM CRF 75-83.......................................................................................... .............4,763,635 ............................ ...........4,763,635 ............................ ............................<br />
0100076. 1958 CSO 4% NJ CNF 77-89................................................................................................ ................103,223 ............................ ..............103,223 ............................ ............................<br />
0100077. 1958 CSO 4% NJ CRF 76-89................................................................................................ ...........25,437,247 ............................ .........25,437,247 ............................ ............................<br />
0100078. 1958 CSO 4% NLP 77-88...................................................................................................... ................697,577 ............................ ..............363,695 ............................ ..............333,882<br />
0100079. 1958 CSO 4% NLP CNF 77-08 NB........................................................................................ ...........14,440,403 ............................ .........14,440,403 ............................ ............................<br />
0100080. 1958 CSO 4% NLP CRF 75-88.............................................................................................. ................671,177 ............................ ..............671,177 ............................ ............................<br />
0100081. 1958 CSO 4.5% CRVM 79-88............................................................................................... ...........31,350,993 ............................ .........29,903,417 ............................ ...........1,447,576<br />
0100082. 1958 CSO 4.5% CRVM CNF 71-07....................................................................................... .........129,286,140 ............................ .......129,286,140 ............................ ............................<br />
0100083. 1958 CSO 4.5% CRVM CNF ISL 81-92................................................................................. ...........64,299,798 ............................ .........64,299,798 ............................ ............................<br />
0100084. 1958 CSO 4.5% CRVM CRF 80-05....................................................................................... .............5,332,525 ............................ ...........5,332,525 ............................ ............................<br />
0100085. 1958 CSO 4.5% MOD CNF 80-87......................................................................................... ................267,173 ............................ ..............267,173 ............................ ............................<br />
0100086. 1958 CSO 4.5% NLP 80-88................................................................................................... ................788,528 ............................ ..............259,043 ............................ ..............529,485<br />
0100087. 1958 CSO 4.5% NLP ISL 96.................................................................................................. .......................122 ............................ .....................122 ............................ ............................<br />
0100088. 1958 CSO 4.5% NLP CNF 61-08 NB..................................................................................... ...........86,912,556 ............................ .........86,808,581 ............................ ..............103,975<br />
0100089. 1958 CSO 4.5% NLP CRF 80-05........................................................................................... ................262,147 ............................ ..............262,147 ............................ ............................<br />
0100090. 1958 CSO 5% CRVM CRF 93-94.......................................................................................... ................222,100 ............................ ..............222,100 ............................ ............................<br />
0100091. 1958 CSO 5% NLP CRF 94................................................................................................... .......................112 ............................ .....................112 ............................ ............................<br />
0100092. 1958 CSO 5.5% CRVM CRF 87-92....................................................................................... .............1,624,740 ............................ ...........1,624,740 ............................ ............................<br />
0100093. 1958 CSO 5.5% NLP CNF 79-95........................................................................................... ................396,323 ............................ ..............396,323 ............................ ............................<br />
0100094. 1958 CSO 5.5% NLP CRF 87-92........................................................................................... ..................11,797 ............................ ................11,797 ............................ ............................<br />
0100095. 1958 CSO 6% CRVM CRF 83-86.......................................................................................... .............6,764,336 ............................ ...........6,764,336 ............................ ............................<br />
0100096. 1958 CSO 6% NLP CRF 83-86.............................................................................................. ..................36,802 ............................ ................36,802 ............................ ............................<br />
0100097. 1958 CSO ALB 3.5% CRVM.................................................................................................. .............5,469,959 ............................ ...........5,469,484 .....................475 ............................<br />
12
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0100098. 1958 CSO ALB 3.5% CRVM CRF 63-74............................................................................... .............1,963,909 ............................ ...........1,963,909 ............................ ............................<br />
0100099. 1958 CSO ALB 4% CRVM..................................................................................................... .............5,768,377 ............................ ...........5,768,377 ............................ ............................<br />
0100100. 1958 CSO ALB 4% CRVM CNF ISL 83-92............................................................................ .........232,603,221 ............................ .......232,603,221 ............................ ............................<br />
0100101. 1958 CSO ALB 4% CRVM CRF 75-79.................................................................................. .............1,740,554 ............................ ...........1,740,554 ............................ ............................<br />
0100102. 1958 CSO ALB 4% CV CNF ISL 81-02................................................................................. .........313,300,269 ............................ .......313,300,269 ............................ ............................<br />
0100103. 1958 CSO ALB 4% MOD IDB ISL 81-88............................................................................... ...........17,860,576 ............................ .........17,860,576 ............................ ............................<br />
0100104. 1958 CSO ALB 4.5% CRVM.................................................................................................. ...........11,381,112 ............................ .........11,381,112 ............................ ............................<br />
0100105. 1958 CSO ALB 4.5% CRVM CNF 79-88............................................................................... ................271,597 ............................ ..............271,597 ............................ ............................<br />
0100106. 1958 CSO ALB 4.5% CRVM CRF 80-82............................................................................... ................821,734 ............................ ..............821,734 ............................ ............................<br />
0100107. 1958 CSO ALB 4.5% NLP..................................................................................................... ..................34,692 ............................ ................34,692 ............................ ............................<br />
0100108. 1958 CSO ALB 4.5% NLP CRF 81-82................................................................................... ..................18,677 ............................ ................18,677 ............................ ............................<br />
0100109. 1958 CSO ALB 5.5% CRVM CRF 87-88............................................................................... ....................4,137 ............................ ..................4,137 ............................ ............................<br />
0100110. 1958 CSO ALB 6% CRVM CRF 83-86.................................................................................. ................106,349 ............................ ..............106,349 ............................ ............................<br />
0100111. 1958 CSO ALB 6% NLP CRF 83........................................................................................... ..................19,307 ............................ ................19,307 ............................ ............................<br />
0100112. 1958 CSO ANB 2% CRVM CRF 65-83.................................................................................. ................361,286 ............................ ..............361,286 ............................ ............................<br />
0100113. 1958 CSO ANB 2% NJ CRF 61-84........................................................................................ .............8,799,549 ............................ ...........8,799,549 ............................ ............................<br />
0100114. 1958 CSO ANB 2% NLP CRF 61-84..................................................................................... .............6,035,542 ............................ ...........6,035,542 ............................ ............................<br />
0100115. 1958 CSO ANB 2.25% CRVM CRF 74-82............................................................................. ..................11,742 ............................ ................11,742 ............................ ............................<br />
0100116. 1958 CSO ANB 2.25% NLP CNF 62-78................................................................................ ...........25,479,197 ............................ .........25,479,197 ............................ ............................<br />
0100117. 1958 CSO ANB 2.5% CRVM CNF 69-84............................................................................... .............6,030,162 ............................ ...........6,030,162 ............................ ............................<br />
0100118. 1958 CSO ANB 2.5% NLP CNF 48-68.................................................................................. ..................31,639 ............................ ................31,639 ............................ ............................<br />
0100119. 1958 CSO ANB 2.5% NLP CRF 65-75.................................................................................. ..................83,181 ............................ ................83,181 ............................ ............................<br />
0100120. 1958 CSO ANB 2.75% NLP CRF 64-69................................................................................ ..................90,197 ............................ ................90,197 ............................ ............................<br />
0100121. 1958 CSO ANB 2.75%-2.25% CRVM CNF 68-79................................................................. ...........29,506,002 ............................ .........29,506,002 ............................ ............................<br />
0100122. 1958 CSO ANB 3% CRVM CNF 70-78.................................................................................. ................762,178 ............................ ..............762,178 ............................ ............................<br />
0100123. 1958 CSO ANB 3% CRVM CRF 61-97.................................................................................. .............7,596,224 ............................ ...........7,596,224 ............................ ............................<br />
0100124. 1958 CSO ANB 3% MOD CRF 63......................................................................................... ..................39,148 ............................ ................39,148 ............................ ............................<br />
0100125. 1958 CSO ANB 3% NJ CRF 66-84........................................................................................ .............3,011,012 ............................ ...........3,011,012 ............................ ............................<br />
0100126. 1958 CSO ANB 3% NLP CNF 60-82..................................................................................... ...........30,263,186 ..............850,163 .........29,413,023 ............................ ............................<br />
0100127. 1958 CSO ANB 3% NLP CRF 61-08 NB............................................................................... ................840,434 ............................ ..............840,434 ............................ ............................<br />
0100128. 1958 CSO ANB 3%-2.5% CRVM CNF 68-76........................................................................ ..................25,770 ............................ ................25,770 ............................ ............................<br />
0100129. 1958 CSO ANB 3.25% CRVM CNF 68-80............................................................................. .............1,207,227 ............................ ...........1,207,227 ............................ ............................<br />
0100130. 1958 CSO ANB 3.25% NLP CNF 66-68................................................................................ .............1,378,297 ............................ ...........1,378,297 ............................ ............................<br />
0100131. 1958 CSO ANB 3.5% CRVM................................................................................................. ..................66,102 ............................ ................66,102 ............................ ............................<br />
0100132. 1958 CSO ANB 3.5% CRVM CNF 70-87............................................................................... ...........41,985,232 ............................ .........41,985,232 ............................ ............................<br />
0100133. 1958 CSO ANB 3.5% CRVM CRF 63-02............................................................................... .............7,208,503 ............................ ...........7,208,503 ............................ ............................<br />
0100134. 1958 CSO ANB 3.5% MOD CRF 41-87................................................................................. ...........14,314,669 ............................ .........14,314,669 ............................ ............................<br />
0100135. 1958 CSO ANB 3.5% NJ CRF 68-98..................................................................................... .............6,095,816 ............................ ...........6,095,816 ............................ ............................<br />
0100136. 1958 CSO ANB 3.5% NLP CNF 50-59.................................................................................. ....................1,046 ..................1,046 ............................ ............................ ............................<br />
0100137. 1958 CSO ANB 3.5% NLP CRF 63-01.................................................................................. ...........20,794,998 ............................ .........20,794,998 ............................ ............................<br />
0100138. 1958 CSO ANB 3.5%-3% CRVM CNF 67-98........................................................................ ...........29,084,382 ............................ .........29,084,382 ............................ ............................<br />
0100139. 1958 CSO ANB 3.5%-3.25% CRVM CNF 68-78................................................................... .............3,046,615 ............................ ...........3,046,615 ............................ ............................<br />
0100140. 1958 CSO ANB 4% CNF ISL 81-91....................................................................................... .........342,804,374 ............................ .......342,804,374 ............................ ............................<br />
0100141. 1958 CSO ANB 4% CRVM.................................................................................................... ................233,390 ............................ ..............233,390 ............................ ............................<br />
0100142. 1958 CSO ANB 4% CRVM CNF 69-86.................................................................................. ...........22,408,457 ............................ .........22,408,457 ............................ ............................<br />
0100143. 1958 CSO ANB 4% CRVM CRF 77-90.................................................................................. .............3,087,046 ............................ ...........3,087,046 ............................ ............................<br />
0100144. 1958 CSO ANB 4% NJ CRF 70-94........................................................................................ .............3,211,312 ............................ ...........3,211,312 ............................ ............................<br />
0100145. 1958 CSO ANB 4% NLP CNF 37-83..................................................................................... ................123,313 .....................237 ..............123,076 ............................ ............................<br />
0100146. 1958 CSO ANB 4% NLP CRF 77-08 NB............................................................................... ...........11,117,140 ............................ .........11,117,140 ............................ ............................<br />
0100147. 1958 CSO ANB 4.5% CRVM................................................................................................. .............1,298,021 ............................ ...........1,298,021 ............................ ............................<br />
0100148. 1958 CSO ANB 4.5% CRVM CNF 80-86............................................................................... ...........41,698,866 ............................ .........41,698,866 ............................ ............................<br />
0100149. 1958 CSO ANB 4.5% CRVM CNF ISL 81-86........................................................................ ...........36,375,972 ............................ .........36,375,972 ............................ ............................<br />
0100150. 1958 CSO ANB 4.5% CRVM CRF 80-88............................................................................... .............4,599,678 ............................ ...........4,599,678 ............................ ............................<br />
0100151. 1958 CSO ANB 4.5% CRVM CRF ISL 82-01........................................................................ ...........26,454,952 ............................ .........26,454,952 ............................ ............................<br />
0100152. 1958 CSO ANB 4.5% NLP CNF 83-95.................................................................................. ....................8,887 ..................8,785 .....................102 ............................ ............................<br />
0100153. 1958 CSO ANB 4.5% NLP CRF 80-87.................................................................................. ..................44,235 ............................ ................44,235 ............................ ............................<br />
0100154. 1958 CSO ANB 5.5% CRVM CNF ISL 83-89........................................................................ ...........89,510,520 ............................ .........89,510,520 ............................ ............................<br />
0100155. 1958 CSO ANB 5.5% CRVM CRF 83-99............................................................................... ................136,606 ............................ ..............136,606 ............................ ............................<br />
0100156. 1958 CSO ANB 5.5% CRVM CRF ISL 87-89........................................................................ ...........45,313,056 ............................ .........45,313,056 ............................ ............................<br />
0100157. 1958 CSO ANB 5.5% NLP CRF 81-89.................................................................................. ................104,319 ............................ ..............104,319 ............................ ............................<br />
0100158. 1958 CSO ANB 6% CRVM CNF ISL 83-86........................................................................... .........341,536,434 ............................ .......341,536,434 ............................ ............................<br />
0100159. 1958 CSO ANB 6% CRVM CRF ISL 83-86........................................................................... .........103,347,991 ............................ .......103,347,991 ............................ ............................<br />
0100160. 1960 CSG 4%........................................................................................................................ ................115,697 ............................ ............................ ............................ ..............115,697<br />
0100161. 1961 CSI ANB 3% NLP CNF 56-79....................................................................................... .............4,521,959 ...........4,521,959 ............................ ............................ ............................<br />
0100162. 1961 CIET ANB 3% NLP CNF 68-79..................................................................................... ................725,835 ..............725,835 ............................ ............................ ............................<br />
0100163. 1980 CET ANB 4% NLP CRF 87-95...................................................................................... ..................40,533 ............................ ................40,533 ............................ ............................<br />
0100164. 1980 CET ANB 4.5% CRVM CRF ISL 95-05......................................................................... ................505,361 ............................ ..............505,361 ............................ ............................<br />
0100165. 1980 CET ANB 5% CRVM CRF ISL 93-94............................................................................ ................578,879 ............................ ..............578,879 ............................ ............................<br />
0100166. 1980 CET ANB 5.5% CRVM CRF ISL 87-92......................................................................... ................823,601 ............................ ..............823,601 ............................ ............................<br />
0100167. 1980 CET ANB 6% CRVM CRF ISL 83-86............................................................................ ................166,718 ............................ ..............166,718 ............................ ............................<br />
0100168. 1980 CSO 3% NLP CNF 79................................................................................................... .......................391 ............................ .....................391 ............................ ............................<br />
0100169. 1980 CSO 3% NLP CRF 66-81.............................................................................................. ....................1,499 ............................ ..................1,499 ............................ ............................<br />
0100170. 1980 CSO 3.5% NLP CNF 81-03........................................................................................... .............8,593,872 ............................ ...........8,593,872 ............................ ............................<br />
0100171. 1980 CSO 3.5% NLP CRF 77-82........................................................................................... ....................7,908 ............................ ..................7,908 ............................ ............................<br />
0100172. 1980 CSO 130% 4%.............................................................................................................. ...........53,547,980 ............................ ............................ ............................ .........53,547,980<br />
0100173. 1980 CSO 4%........................................................................................................................ ................305,834 ............................ ................22,751 ............................ ..............283,083<br />
0100174. 1980 CSO 4% CRVM 91-08 NB............................................................................................ .............3,648,202 ............................ ............................ ............................ ...........3,648,202<br />
0100175. 1980 CSO 4% CRVM ISL 96-08 NB...................................................................................... ................343,443 ............................ ..............343,443 ............................ ............................<br />
0100176. 1980 CSO 4% CRVM CNF 89-02.......................................................................................... ...........10,476,144 ............................ .........10,476,144 ............................ ............................<br />
0100177. 1980 CSO 4% CRVM CNF ISL 06-08 NB.............................................................................. .............7,988,914 ............................ ...........7,988,914 ............................ ............................<br />
0100178. 1980 CSO 4% CRVM CRF 75-79.......................................................................................... .......................585 ............................ .....................585 ............................ ............................<br />
0100179. 1980 CSO 4% NLP................................................................................................................ ................206,850 ............................ ..............206,850 ............................ ............................<br />
0100180. 1980 CSO 4% NLP CNF 84-08 NB........................................................................................ .............6,349,958 ............................ ...........6,349,958 ............................ ............................<br />
0100181. 1980 CSO 4.5%..................................................................................................................... ...........13,558,707 ............................ ............................ ............................ .........13,558,707<br />
0100182. 1980 CSO 4.5% CNF 06-07................................................................................................... .............2,500,153 ............................ ...........2,500,153 ............................ ............................<br />
0100183. 1980 CSO 4.5% CRVM.......................................................................................................... .............2,429,163 ............................ ...........2,429,163 ............................ ............................<br />
0100184. 1980 CSO 4.5% CRVM ISL 95-06......................................................................................... ...........44,620,813 ............................ .........44,620,813 ............................ ............................<br />
0100185. 1980 CSO 4.5% CRVM CNF 91-08....................................................................................... ...........71,143,347 ............................ .........71,143,347 ............................ ............................<br />
0100186. 1980 CSO 4.5% CRVM CNF ISL 85-05................................................................................. ......1,050,436,161 ............................ ....1,050,436,161 ............................ ............................<br />
0100187. 1980 CSO 4.5% CRVM CRF 80-95....................................................................................... ....................1,099 ............................ ..................1,099 ............................ ............................<br />
0100188. 1980 CSO 4.5% NLP 89-08 NB............................................................................................. ................686,679 ............................ ..............539,180 ............................ ..............147,499<br />
0100189. 1980 CSO 4.5% NLP ISL 96.................................................................................................. .............4,209,202 ............................ ...........4,209,202 ............................ ............................<br />
0100190. 1980 CSO 4.5% NLP CNF 84-06........................................................................................... ...........45,611,841 ............................ .........45,611,841 ............................ ............................<br />
0100191. 1980 CSO 5% CRVM............................................................................................................. .............3,042,845 ............................ ...........3,042,845 ............................ ............................<br />
0100192. 1980 CSO 5% CRVM CNF 82-96.......................................................................................... ...........11,332,592 ............................ .........11,332,592 ............................ ............................<br />
0100193. 1980 CSO 5% CRVM CNF ISL 88-94.................................................................................... .........553,174,842 ............................ .......553,174,842 ............................ ............................<br />
0100194. 1980 CSO 5% CRVM CRF 93-94.......................................................................................... ................218,316 ............................ ..............218,316 ............................ ............................<br />
12.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0100195. 1980 CSO 5% NLP................................................................................................................ ..................31,849 ............................ ................31,849 ............................ ............................<br />
0100196. 1980 CSO 5% NLP CNF 88-02.............................................................................................. ...........20,025,666 ............................ .........20,025,666 ............................ ............................<br />
0100197. 1980 CSO 5.25% CRVM CNF 82-94..................................................................................... ...........13,647,500 ............................ .........13,647,500 ............................ ............................<br />
0100198. 1980 CSO 5.25% NLP CNF 82-94......................................................................................... .............6,460,477 ............................ ...........6,460,477 ............................ ............................<br />
0100199. 1980 CSO 130% 5.5%........................................................................................................... ...........35,490,585 ............................ ............................ ............................ .........35,490,585<br />
0100200. 1980 CSO 5.5% CNF 06........................................................................................................ ....................5,623 ............................ ..................5,623 ............................ ............................<br />
0100201. 1980 CSO 5.5% CRVM.......................................................................................................... .............3,018,793 ............................ ...........3,018,793 ............................ ............................<br />
0100202. 1980 CSO 5.5% CRVM ISL 96.............................................................................................. .............1,030,500 ............................ ...........1,030,500 ............................ ............................<br />
0100203. 1980 CSO 5.5% CRVM CNF 89-08....................................................................................... .........219,997,599 ............................ .......219,997,599 ............................ ............................<br />
0100204. 1980 CSO 5.5% CRVM CNF ISL 87-92................................................................................. .........356,557,609 ............................ .......356,557,609 ............................ ............................<br />
0100205. 1980 CSO 5.5% CRVM CRF 89-92....................................................................................... ................666,535 ............................ ..............666,535 ............................ ............................<br />
0100206. 1980 CSO 5.5% NLP............................................................................................................. ..................56,171 ............................ ................56,171 ............................ ............................<br />
0100207. 1980 CSO 5.5% NLP CNF 62-08 NB..................................................................................... ...........27,188,070 ............................ .........27,188,070 ............................ ............................<br />
0100208. 1980 CSO 6%........................................................................................................................ .............2,432,132 ............................ ............................ ............................ ...........2,432,132<br />
0100209. 1980 CSO 6% CRVM CNF ISL 84-86.................................................................................... ...........23,833,518 ............................ .........23,833,518 ............................ ............................<br />
0100210. 1980 CSO 6% NLP CNF 84-95.............................................................................................. .............1,111,777 ............................ ...........1,111,777 ............................ ............................<br />
0100211. 1980 CSO 6.5% NLP CNF 87-98........................................................................................... .............5,049,057 ............................ ...........5,049,057 ............................ ............................<br />
0100212. 1980 CSO ALB 3.5% CRVM CRF 74-88............................................................................... .......................873 ............................ .....................873 ............................ ............................<br />
0100213. 1980 CSO ALB 4% CRVM CNF 92-08 NB............................................................................ .........816,007,202 ............................ .......816,007,202 ............................ ............................<br />
0100214. 1980 CSO ALB 4% CRVM CNF ISL 88-08 NB...................................................................... .........721,975,907 ............................ .......721,975,907 ............................ ............................<br />
0100215. 1980 CSO ALB 4% CRVM CRF 75-79.................................................................................. ..................49,556 ............................ ................49,556 ............................ ............................<br />
0100216. 1980 CSO ALB 4% IN CNF ISL 88-05................................................................................... .........497,141,810 ............................ .......497,141,810 ............................ ............................<br />
0100217. 1980 CSO ALB 4% MOD IDB ISL 92-97............................................................................... ...........13,785,678 ............................ .........13,785,678 ............................ ............................<br />
0100218. 1980 CSO ALB 4% NLP CNF 89-95...................................................................................... ..................55,561 ............................ ................55,561 ............................ ............................<br />
0100219. 1980 CSO ALB 4.5% CRVM.................................................................................................. ......1,976,036,513 ............................ ....1,976,036,513 ............................ ............................<br />
0100220. 1980 CSO ALB 4.5% CRVM CNF 83-06............................................................................... ...........14,921,465 ............................ .........14,921,465 ............................ ............................<br />
0100221. 1980 CSO 125% ALB 4.5% CRVM CNF ISL 88-08 NB......................................................... .............7,955,850 ............................ ...........7,955,850 ............................ ............................<br />
0100222. 1980 CSO 115% ALB 4.5% CRVM CNF ISL 89-97............................................................... .............3,075,555 ............................ ...........3,075,555 ............................ ............................<br />
0100223. 1980 CSO ALB 4.5% CRVM CNF ISL 97-05......................................................................... .........537,638,381 ............................ .......537,638,381 ............................ ............................<br />
0100224. 1980 CSO ALB 4.5% CRVM CRF 80-99............................................................................... .............6,247,013 ............................ ...........6,247,013 ............................ ............................<br />
0100225. 1980 CSO ALB 4.5% NLP..................................................................................................... ..................12,503 ............................ ................12,503 ............................ ............................<br />
0100226. 1980 CSO ALB 4.5% NLP CNF 83-06................................................................................... .............2,145,095 ............................ ...........2,145,095 ............................ ............................<br />
0100227. 1980 CSO ALB 4.5% NLP CRF 97-99................................................................................... ....................7,347 ............................ ..................7,347 ............................ ............................<br />
0100228. 1980 CSO ALB 5% CRVM..................................................................................................... ...........35,814,430 ............................ .........35,814,430 ............................ ............................<br />
0100229. 1980 CSO ALB 5% CRVM CNF ISL 93................................................................................. ....................1,119 ............................ ..................1,119 ............................ ............................<br />
0100230. 1980 CSO ALB 5% CRVM CRF 93-94.................................................................................. ................117,135 ............................ ..............117,135 ............................ ............................<br />
0100231. 1980 CSO ALB 5% MOD IDB ISL 88-97............................................................................... ...........36,069,690 ............................ .........36,069,690 ............................ ............................<br />
0100232. 1980 CSO ALB 5% NLP CNF 89-95...................................................................................... ................298,425 ............................ ..............298,425 ............................ ............................<br />
0100233. 1980 CSO ALB 5.5% CRVM.................................................................................................. .........107,615,190 ............................ .......107,615,190 ............................ ............................<br />
0100234. 1980 CSO ALB 5.5% CRVM CNF ISL 87-92......................................................................... .............2,528,781 ............................ ...........2,528,781 ............................ ............................<br />
0100235. 1980 CSO ALB 5.5% CRVM CRF 87-92............................................................................... ..................37,272 ............................ ................37,272 ............................ ............................<br />
0100236. 1980 CSO ALB 5.5% NLP CNF 90-95................................................................................... ................855,641 ............................ ..............855,641 ............................ ............................<br />
0100237. 1980 CSO ALB 6% CRVM..................................................................................................... ...........47,380,961 ............................ .........47,380,961 ............................ ............................<br />
0100238. 1980 CSO ALB 6% CRVM CNF ISL 83-86............................................................................ .............1,262,016 ............................ ...........1,262,016 ............................ ............................<br />
0100239. 1980 CSO ALB 6% CRVM CRF 83-86.................................................................................. ..................19,686 ............................ ................19,686 ............................ ............................<br />
0100240. 1980 CSO ANB 3% IN CNF ISL 03-05.................................................................................. ...........45,575,544 ............................ .........45,575,544 ............................ ............................<br />
0100241. 1980 CSO ANB 3.5% CRVM CRF 63-74............................................................................... .............1,401,306 ............................ ...........1,401,306 ............................ ............................<br />
0100242. 1980 CSO ANB 4% CNF ISL 87-05....................................................................................... ...........48,648,004 ............................ .........48,648,004 ............................ ............................<br />
0100243. 1980 CSO ANB 4% CRVM CNF 96-08 NB............................................................................ .............8,208,919 ............................ ...........8,208,919 ............................ ............................<br />
0100244. 1980 CSO ANB 4% CRVM CNF ISL 86-08 NB..................................................................... ......2,476,692,397 ............................ ....2,476,692,397 ............................ ............................<br />
0100245. 1980 CSO ANB 4% CRVM CRF 75-08 NB............................................................................ .........114,027,078 ............................ .......114,027,078 ............................ ............................<br />
0100246. 1980 CSO ANB 4% CRVM CRF ISL 83-07........................................................................... ................681,042 ............................ ..............681,042 ............................ ............................<br />
0100247. 1980 CSO ANB 4% IN CNF ISL 98-05.................................................................................. ......1,446,071,538 ............................ ....1,446,071,538 ............................ ............................<br />
0100248. 1980 CSO ANB 4% NLP CNF ISL 92-97............................................................................... .............8,351,532 ............................ ...........8,351,532 ............................ ............................<br />
0100249. 1980 CSO ANB 4% NLP CRF 88-95..................................................................................... .............5,144,763 ............................ ...........5,144,763 ............................ ............................<br />
0100250. 1980 CSO ANB 4.25% IN CNF ISL 99-03............................................................................. ......2,334,092,378 ............................ ....2,334,092,378 ............................ ............................<br />
0100251. 1980 CSO ANB 4.5% CRVM................................................................................................. ......1,163,765,332 ............................ ....1,163,765,332 ............................ ............................<br />
0100252. 1980 CSO ANB 4.5% CRVM CNF 81-08 NB......................................................................... .........184,764,103 ............................ .......184,764,103 ............................ ............................<br />
0100253. 1980 CSO ANB 4.5% CRVM CNF ISL 82-08 NB.................................................................. ......5,402,294,491 ............................ ....5,402,292,903 ............................ ..................1,588<br />
0100254. 1980 CSO ANB 4.5% CRVM CRF 80-05............................................................................... .........502,097,514 ............................ .......502,097,514 ............................ ............................<br />
0100255. 1980 CSO ANB 4.5% CRVM CRF ISL 95-05........................................................................ .........413,775,127 ............................ .......413,775,127 ............................ ............................<br />
0100256. 1980 CSO ANB 4.5% IN CNF ISL 98.................................................................................... ...........75,357,441 ............................ .........75,357,441 ............................ ............................<br />
0100257. 1980 CSO ANB 4.5% NLP CNF 63-98.................................................................................. .............1,629,440 ............................ ...........1,629,440 ............................ ............................<br />
0100258. 1980 CSO ANB 4.5% NLP CRF 95-99.................................................................................. .............2,501,569 ............................ ...........2,501,569 ............................ ............................<br />
0100259. 1980 CSO ANB 5% CRVM.................................................................................................... ...........20,523,009 ............................ .........20,523,009 ............................ ............................<br />
0100260. 1980 CSO ANB 5% CRVM CNF 93-94.................................................................................. .............6,232,854 ............................ ...........6,232,854 ............................ ............................<br />
0100261. 1980 CSO ANB 5% CRVM CNF ISL 86-94........................................................................... .........291,583,667 ............................ .......290,976,153 ............................ ..............607,514<br />
0100262. 1980 CSO ANB 5% CRVM CRF 93-95.................................................................................. .............2,790,059 ............................ ...........2,790,059 ............................ ............................<br />
0100263. 1980 CSO ANB 5% CRVM CRF ISL 93-94........................................................................... .........381,746,194 ............................ .......381,746,194 ............................ ............................<br />
0100264. 1980 CSO ANB 5% NLP CRF 83-05..................................................................................... ....................7,772 ............................ ..................7,772 ............................ ............................<br />
0100265. 1980 CSO ANB 5.5% CRVM................................................................................................. ...........33,104,448 ............................ .........33,104,448 ............................ ............................<br />
0100266. 1980 CSO ANB 5.5% CRVM CNF 75-92............................................................................... ...........61,653,246 ............................ .........61,653,246 ............................ ............................<br />
0100267. 1980 CSO ANB 5.5% CRVM CNF ISL 85-92........................................................................ ......1,133,161,159 ............................ ....1,133,161,159 ............................ ............................<br />
0100268. 1980 CSO ANB 5.5% CRVM CRF 84-92............................................................................... .............2,324,653 ............................ ...........2,324,653 ............................ ............................<br />
0100269. 1980 CSO ANB 5.5% CRVM CRF ISL 87-92........................................................................ ......1,406,560,281 ............................ ....1,406,560,281 ............................ ............................<br />
0100270. 1980 CSO ANB 5.5% NLP CNF ISL 87-91............................................................................ ...........50,478,952 ............................ .........50,478,952 ............................ ............................<br />
0100271. 1980 CSO ANB 5.5% NLP CRF 69-01.................................................................................. ................276,759 ............................ ..............276,759 ............................ ............................<br />
0100272. 1980 CSO ANB 6% CRVM.................................................................................................... ...........12,595,378 ............................ .........12,595,378 ............................ ............................<br />
0100273. 1980 CSO ANB 6% CRVM CNF 84-87.................................................................................. .........489,753,588 ............................ .......489,753,588 ............................ ............................<br />
0100274. 1980 CSO ANB 6% CRVM CNF ISL 83-86........................................................................... .........348,300,589 ............................ .......348,300,589 ............................ ............................<br />
0100275. 1980 CSO ANB 6% CRVM CRF 83-86.................................................................................. .............1,016,094 ............................ ...........1,016,094 ............................ ............................<br />
0100276. 1980 CSO ANB 6% CRVM CRF ISL 83-86........................................................................... .........258,972,994 ............................ .......258,972,994 ............................ ............................<br />
0100277. AE 2.5% NLP CRF 43-44....................................................................................................... ....................3,394 ............................ ..................3,394 ............................ ............................<br />
0100278. AE 3% CRVM CNF 41-46...................................................................................................... ....................4,402 ............................ ..................4,402 ............................ ............................<br />
0100279. AE 3% FPT CRF 44-47.......................................................................................................... ..................63,829 ............................ ................63,829 ............................ ............................<br />
0100280. AE 3% ILL CRF 42-44............................................................................................................ ..................27,334 ............................ ................27,334 ............................ ............................<br />
0100281. AE 3% MOD CNF 40-46........................................................................................................ ................358,529 ............................ ..............358,529 ............................ ............................<br />
0100282. AE 3% NLP............................................................................................................................ ................313,143 ............................ ..............313,143 ............................ ............................<br />
0100283. AE 3% NLP CNF 27-66.......................................................................................................... .............2,036,422 ............................ ...........2,036,422 ............................ ............................<br />
0100284. AE 3% NLP CRF 29-50.......................................................................................................... .............6,474,403 ............................ ...........6,474,403 ............................ ............................<br />
0100285. 2001 CSO 3.5% CRVM.......................................................................................................... .............3,243,480 ............................ ............................ ...........3,243,480 ............................<br />
0100286. AE 3.5% ILL CNF 30-41......................................................................................................... ................362,193 ............................ ..............362,193 ............................ ............................<br />
0100287. AE 3.5% ILL CRF 24-48......................................................................................................... .............1,594,435 ............................ ...........1,594,435 ............................ ............................<br />
0100288. AE 3.5% NJ CRF 31-47......................................................................................................... ................310,972 ............................ ..............310,972 ............................ ............................<br />
0100289. AE 3.5% NLP......................................................................................................................... ................118,637 ............................ ..............118,637 ............................ ............................<br />
0100290. AE 3.5% NLP CNF 25-95....................................................................................................... ...........12,767,658 ............................ .........12,767,658 ............................ ............................<br />
0100291. AE 3.5% NLP CRF 16-97....................................................................................................... .............8,745,443 ............................ ...........8,745,443 ............................ ............................<br />
12.2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0100292. 2001 CSO 4%........................................................................................................................ .............4,144,978 ............................ ............................ ............................ ...........4,144,978<br />
0100293. AE 4% ILL CNF 33-40............................................................................................................ ..................10,190 ............................ ................10,190 ............................ ............................<br />
0100294. AE 4% NLP CNF 29-57.......................................................................................................... .........................82 ............................ .......................82 ............................ ............................<br />
0100295. 2001 CSO 4.5%..................................................................................................................... ................449,111 ............................ ............................ ............................ ..............449,111<br />
0100296. 2001 CSO 4.5% CRVM.......................................................................................................... .............3,291,542 ............................ ............................ ...........3,291,542 ............................<br />
0100297. 2001 CSO ALB 4% CRVM..................................................................................................... .............3,031,134 ............................ ...........3,031,134 ............................ ............................<br />
0100298. 2001 CSO ALB 4% CRVM CNF 05-08 NB............................................................................ .........603,853,154 ............................ .......603,853,154 ............................ ............................<br />
0100299. AE ANB 3% NLP CNF 37-47................................................................................................. .............2,647,215 ............................ ...........2,647,215 ............................ ............................<br />
0100300. AE ANB 3.5% NLP................................................................................................................. ..................44,843 ............................ ................44,843 ............................ ............................<br />
0100301. AE ANB 3.5% NLP CNF 26-48.............................................................................................. ................977,883 ............................ ..............977,883 ............................ ............................<br />
0100302. 2001 CSO ANB 4% CRVM.................................................................................................... .............1,256,148 ............................ ...........1,256,148 ............................ ............................<br />
0100303. 2001 CSO ANB 4% CRVM CNF 06-08 NB............................................................................ ...........51,948,343 ............................ .........51,948,343 ............................ ............................<br />
0100304. 2001 CSO ANB 4% CRVM CNF ISL 06-08 NB..................................................................... ......1,848,821,009 ............................ ....1,848,821,009 ............................ ............................<br />
0100305. 2001 CSO ANB 4% CRVM CRF 06-08 NB............................................................................ ................972,498 ............................ ..............972,498 ............................ ............................<br />
0100306. 2001 CSO ANB 4.5% CRVM CNF 05.................................................................................... .............3,553,371 ............................ ...........3,553,371 ............................ ............................<br />
0100307. 2001 CSO ANB 4.5% CRVM CNF ISL 04-05........................................................................ ...........22,371,100 ............................ .........22,371,100 ............................ ............................<br />
0100308. 2001 CSO ANB 4.5% CRVM CRF 05.................................................................................... ................438,113 ............................ ..............438,113 ............................ ............................<br />
0100309. AM 3% NJ CRF 41-47............................................................................................................ .............2,783,267 ............................ ...........2,783,267 ............................ ............................<br />
0100310. AM 3% NLP CRF 41-47......................................................................................................... .............1,870,630 ............................ ...........1,870,630 ............................ ............................<br />
0100311. AM 3.5% ILL CRF 29-41........................................................................................................ ................230,352 ............................ ..............230,352 ............................ ............................<br />
0100312. AM 3.5% NLP CRF 28-41...................................................................................................... ................395,442 ............................ ..............395,442 ............................ ............................<br />
0100313. AM ANB 2.5% NLP CNF 43-52.............................................................................................. .............2,137,923 ............................ ...........2,137,923 ............................ ............................<br />
0100314. HST 3% ILL CRF 47-52......................................................................................................... ..................20,883 ............................ ................20,883 ............................ ............................<br />
0100315. HST 3% NLP CRF 43-51....................................................................................................... ..................10,238 ............................ ................10,238 ............................ ............................<br />
0100316. SI ANB 3.5% NLP CNF 12-66................................................................................................ .............7,974,012 ...........7,974,012 ............................ ............................ ............................<br />
0100317. UNEARNED PREMIUM 45-08............................................................................................... .............1,676,113 ............................ ..............214,712 ................10,377 ...........1,451,024<br />
0100318. UNEARNED PREMIUM ISL 82-00......................................................................................... ................364,635 ............................ ..............364,517 ............................ .....................118<br />
0100319. UNEARNED PREMIUM 4.5%................................................................................................ ................812,208 ............................ ..............812,208 ............................ ............................<br />
0100320. SSI ANB 3.5% NLP CNF 15-65............................................................................................. .............1,466,597 ...........1,466,597 ............................ ............................ ............................<br />
0100321. MISCELLANEOUS TABLES 31-06........................................................................................ ................552,544 ............................ ..............552,544 ............................ ............................<br />
0199997. Totals (Gross)......................................................................................................................... ....31,986,751,485 .........30,968,332 ..31,807,310,707 ...........6,834,437 .......141,638,009<br />
0199998. Reinsurance ceded................................................................................................................ ......7,312,520,567 ............................ ....7,216,593,589 ...........6,834,437 .........89,092,541<br />
0199999. Totals (Net)............................................................................................................................. ....24,674,230,918 .........30,968,332 ..24,590,717,118 .........................0 .........52,545,468<br />
Annuities (excluding supplementary contracts with life contingencies):<br />
0200001. 1937 SA 3.5% 46-61.............................................................................................................. ..................21,045 .........XXX............ ................21,045 .........XXX............ ............................<br />
0200002. 1937 SA 4% 33-45................................................................................................................. ....................9,469 .........XXX............ ..................9,469 .........XXX............ ............................<br />
0200003. 1937 SA ANB 2.5% NLP CRF IMM FI 72-83......................................................................... ..................24,996 .........XXX............ ................24,996 .........XXX............ ............................<br />
0200004. 1937 SA ANB 3% NLP CRF IMM FI 76-79............................................................................ ..................21,987 .........XXX............ ............................ .........XXX............ ................21,987<br />
0200005. 1937 SA ANB 3.5% NLP CRF IMM FI 70-87......................................................................... ..................96,127 .........XXX............ ................27,018 .........XXX............ ................69,109<br />
0200006. 1937 SA ANB 3.5% NLP CRF IMM&DEF 57-62.................................................................... ....................6,475 .........XXX............ ............................ .........XXX............ ..................6,475<br />
0200007. 1937 SA SB1 ANB 3.5% NLP CRF IMM&DEF 59-64............................................................ ..................62,593 .........XXX............ ............................ .........XXX............ ................62,593<br />
0200008. 1949 ANN 3.5% 63-74........................................................................................................... ................170,239 .........XXX............ ..............170,239 .........XXX............ ............................<br />
0200009. 1949 ANN (30 yr proj.) ANB 3% CRVM CRF DEF FI 68-78.................................................. ................157,643 .........XXX............ ..............157,643 .........XXX............ ............................<br />
0200010. 1949 ANN proj. ANB 3.5% NLP CRF IMM FI 64-88............................................................. ................497,466 .........XXX............ ..............497,466 .........XXX............ ............................<br />
0200011. 1949 ANN (30 yr proj.) ANB 3.5% NLP CRF IMM FI 87-93................................................... ..................11,803 .........XXX............ ................11,803 .........XXX............ ............................<br />
0200012. 1951 GAM 3.5%..................................................................................................................... .............1,662,737 .........XXX............ ............................ .........XXX............ ...........1,662,737<br />
0200013. 1951 GAM ANB 3.5% NLP CRF IMM FI 67-78...................................................................... ..................31,155 .........XXX............ ................10,866 .........XXX............ ................20,289<br />
0200014. 1951 GAM ANB 3.5% NLP CRF IMM&DEF 66-73................................................................ ................195,418 .........XXX............ ............................ .........XXX............ ..............195,418<br />
0200015. 1951 PRO60 ANB 3.5% NLP CRF IMM&DEF 66-73............................................................. ..................68,233 .........XXX............ ............................ .........XXX............ ................68,233<br />
0200016. 1951 SB1 ANB 3.5% NLP CRF IMM&DEF 67-72.................................................................. ..................97,424 .........XXX............ ............................ .........XXX............ ................97,424<br />
0200017. 1952 DISABILITY STUDY 1958 CSO ANB 4% CRF DEF FI 08 NB..................................... ................155,000 .........XXX............ ..............155,000 .........XXX............ ............................<br />
0200018. 1955 MOD AMER ANN ANB 3% CRVM CRF DEF FI 40-77................................................. ..................80,565 .........XXX............ ................80,565 .........XXX............ ............................<br />
0200019. 1955 MOD AMER ANN ANB 3% NLP CRF IMM FI 42-72.................................................... ................113,179 .........XXX............ ..............113,179 .........XXX............ ............................<br />
0200020. 1955 MOD AMER ANN ANB 3% SPIA IMM FI 45-77............................................................ ..................47,594 .........XXX............ ................47,594 .........XXX............ ............................<br />
0200021. 1955 MOD AMER ANN ANB 3.5% NLP CRF IMM FI 67-78................................................. ..................74,533 .........XXX............ ................74,533 .........XXX............ ............................<br />
0200022. 1971 GAM ANB 3.5% NLP CRF IMM&DEF 74..................................................................... ..................40,438 .........XXX............ ............................ .........XXX............ ................40,438<br />
0200023. 1971 GAM ANB 6% NLP CRF IMM FI 80-96......................................................................... ................389,575 .........XXX............ ............................ .........XXX............ ..............389,575<br />
0200024. 1971 GAM ANB 6% NLP CRF IMM&DEF 75-79................................................................... .............1,236,395 .........XXX............ ............................ .........XXX............ ...........1,236,395<br />
0200025. 1971 GAM ANB 7.5% NLP CRF IMM&DEF 80-84................................................................ .............1,972,681 .........XXX............ ............................ .........XXX............ ...........1,972,681<br />
0200026. 1971 GAM ANB 7.75% NLP CRF IMM&DEF 83................................................................... ................209,415 .........XXX............ ............................ .........XXX............ ..............209,415<br />
0200027. 1971 GAM ANB 8% NLP CRF IMM FI 86.............................................................................. .............1,930,328 .........XXX............ ............................ .........XXX............ ...........1,930,328<br />
0200028. 1971 GAM ANB 8.75% NLP CRF IMM&DEF 82................................................................... ................685,233 .........XXX............ ............................ .........XXX............ ..............685,233<br />
0200029. 1971 GAM ANB 9% NLP CRF IMM FI 85-87......................................................................... ..................90,742 .........XXX............ ............................ .........XXX............ ................90,742<br />
0200030. 1971 GAM ANB 9.5% NLP CRF IMM FI 87........................................................................... ....................4,712 .........XXX............ ............................ .........XXX............ ..................4,712<br />
0200031. 1971 GAM ANB 9.75% NLP CRF IMM&DEF 83-84.............................................................. .............1,709,691 .........XXX............ ............................ .........XXX............ ...........1,709,691<br />
0200032. 1971 GAM ANB 10.75% NLP CRF IMM&DEF 83-84............................................................ ................677,837 .........XXX............ ............................ .........XXX............ ..............677,837<br />
0200033. 1971 GAM ANB 11.25% NLP CRF IMM&DEF 82-84............................................................ ...........13,217,934 .........XXX............ ............................ .........XXX............ .........13,217,934<br />
0200034. 1971 GAM ANB 12.5% NLP CRF IMM&DEF 82................................................................... ................314,799 .........XXX............ ............................ .........XXX............ ..............314,799<br />
0200035. 1971 GAM ANB 13.25% NLP CRF IMM&DEF 82................................................................. .............2,889,620 .........XXX............ ............................ .........XXX............ ...........2,889,620<br />
0200036. 1971 IAM 4.5%....................................................................................................................... .............5,202,936 .........XXX............ ...........5,202,936 .........XXX............ ............................<br />
0200037. 1971 IAM 7.75%..................................................................................................................... .............2,085,628 .........XXX............ ...........2,085,628 .........XXX............ ............................<br />
0200038. 1971 IAM ANB 3% NLP CRF IMM FI 96................................................................................ ..................10,013 .........XXX............ ................10,013 .........XXX............ ............................<br />
0200039. 1971 IAM ANB 3.5% CARVM CRF DEF FI 61-74................................................................. ...........17,152,604 .........XXX............ .........17,152,604 .........XXX............ ............................<br />
0200040. 1971 IAM ANB 4% CARVM CRF DEF FI 75-79.................................................................... ...........33,466,081 .........XXX............ .........33,466,081 .........XXX............ ............................<br />
0200041. 1971 IAM ANB 4.5% CARVM CRF DEF FI 80-82................................................................. ...........22,402,242 .........XXX............ .........22,402,242 .........XXX............ ............................<br />
0200042. 1971 IAM ANB 5% NLP CRF IMM FI 78-83.......................................................................... ..................67,682 .........XXX............ ................67,682 .........XXX............ ............................<br />
0200043. 1971 IAM ANB 5.25% CARVM CRF DEF FI 98-99............................................................... ................788,931 .........XXX............ ..............788,931 .........XXX............ ............................<br />
0200044. 1971 IAM ANB 5.5% CARVM CRF DEF FI 94-97................................................................. ...........24,736,601 .........XXX............ .........24,736,601 .........XXX............ ............................<br />
0200045. 1971 IAM ANB 5.5% NLP CRF IMM FI 88-94 NB................................................................. ................155,585 .........XXX............ ..............155,585 .........XXX............ ............................<br />
0200046. 1971 IAM ANB 5.75% CARVM CRF DEF FI 93-00............................................................... .............9,914,761 .........XXX............ ...........9,914,761 .........XXX............ ............................<br />
0200047. 1971 IAM ANB 6% CARVM CRF DEF FI 95......................................................................... ...........12,440,189 .........XXX............ .........12,440,189 .........XXX............ ............................<br />
0200048. 1971 IAM ANB 6% NLP CRF IMM FI 76-91.......................................................................... .............3,020,014 .........XXX............ ...........2,634,725 .........XXX............ ..............385,289<br />
0200049. 1971 IAM ANB 6.25% CARVM CRF DEF FI 92.................................................................... ...........11,148,883 .........XXX............ .........11,148,883 .........XXX............ ............................<br />
0200050. 1971 IAM ANB 6.25% NLP CRF IMM FI 88-98..................................................................... ..................60,014 .........XXX............ ................60,014 .........XXX............ ............................<br />
0200051. 1971 IAM ANB 6.5% CARVM CRF DEF FI 87-90................................................................. ...........22,154,529 .........XXX............ .........22,154,529 .........XXX............ ............................<br />
0200052. 1971 IAM ANB 6.75% CARVM CRF DEF FI 91.................................................................... ...........18,507,181 .........XXX............ .........18,507,181 .........XXX............ ............................<br />
0200053. 1971 IAM ANB 6.75% NLP CRF IMM FI 96........................................................................... ....................7,710 .........XXX............ ..................7,710 .........XXX............ ............................<br />
0200054. 1971 IAM ANB 7% CARVM CRF DEF FI 88-89.................................................................... ...........20,766,474 .........XXX............ .........20,766,474 .........XXX............ ............................<br />
0200055. 1971 IAM ANB 7.25% CARVM CRF DEF FI 86.................................................................... ...........11,892,617 .........XXX............ .........11,892,617 .........XXX............ ............................<br />
0200056. 1971 IAM ANB 7.5% NLP CRF IMM FI 80-89....................................................................... ...........51,852,308 .........XXX............ .........51,852,308 .........XXX............ ............................<br />
0200057. 1971 IAM ANB 7.75% NLP CRF IMM FI 92 NB..................................................................... ..................13,505 .........XXX............ ................13,505 .........XXX............ ............................<br />
0200058. 1971 IAM ANB 8% NLP CRF IMM FI 87................................................................................ ................211,729 .........XXX............ ..............211,729 .........XXX............ ............................<br />
0200059. 1971 IAM ANB 8.25% NLP CRF IMM FI 90........................................................................... ....................7,662 .........XXX............ ..................7,662 .........XXX............ ............................<br />
0200060. 1971 IAM ANB 8.5% CARVM CRF DEF FI 84-85................................................................. ...........28,824,730 .........XXX............ .........28,824,730 .........XXX............ ............................<br />
0200061. 1971 IAM ANB 8.75% CARVM CRF DEF FI 83.................................................................... ...........13,121,001 .........XXX............ .........13,121,001 .........XXX............ ............................<br />
0200062. 1971 IAM ANB 8.75% NLP CRF IMM FI 88........................................................................... ..................46,634 .........XXX............ ................46,634 .........XXX............ ............................<br />
0200063. 1971 IAM ANB 9.5% NLP CRF IMM FI 85............................................................................. .............9,933,688 .........XXX............ ...........9,933,688 .........XXX............ ............................<br />
12.3
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0200064. 1971 IAM ANB 9.75% NLP CRF IMM FI 83-84..................................................................... .............9,492,449 .........XXX............ ...........9,492,449 .........XXX............ ............................<br />
0200065. 1971 IAM ANB 10.5% NLP CRF IMM FI 85........................................................................... .............2,348,242 .........XXX............ ...........2,348,242 .........XXX............ ............................<br />
0200066. 1971 IAM ANB 10.75% NLP CRF IMM FI 83-84................................................................... .............4,421,087 .........XXX............ ...........4,421,087 .........XXX............ ............................<br />
0200067. 1971 IAM ANB 11% NLP CRF IMM FI 84-85........................................................................ ...........31,421,453 .........XXX............ .........31,421,453 .........XXX............ ............................<br />
0200068. 1971 IAM ANB 11.25% NLP CRF IMM FI 83-84................................................................... ...........29,821,258 .........XXX............ .........29,821,258 .........XXX............ ............................<br />
0200069. 1971 IAM ANB 12% NLP CRF IMM FI 82.............................................................................. ................863,881 .........XXX............ ..............863,881 .........XXX............ ............................<br />
0200070. 1983A 5%............................................................................................................................... ..................11,318 .........XXX............ ................11,318 .........XXX............ ............................<br />
0200071. 1983A 5.25%.......................................................................................................................... ................167,031 .........XXX............ ..............167,031 .........XXX............ ............................<br />
0200072. 1983A 5.5%............................................................................................................................ .............6,282,624 .........XXX............ ...........6,282,624 .........XXX............ ............................<br />
0200073. 1983A 5.75%.......................................................................................................................... ..................63,370 .........XXX............ ................63,370 .........XXX............ ............................<br />
0200074. 1983A 6%............................................................................................................................... ..................54,397 .........XXX............ ................54,397 .........XXX............ ............................<br />
0200075. 1983A 6.25%.......................................................................................................................... ..................52,042 .........XXX............ ................52,042 .........XXX............ ............................<br />
0200076. 1983A 6.5%............................................................................................................................ ..................11,026 .........XXX............ ................11,026 .........XXX............ ............................<br />
0200077. 1983A 6.75%.......................................................................................................................... ..................15,497 .........XXX............ ................15,497 .........XXX............ ............................<br />
0200078. 1983A 7.75%.......................................................................................................................... .............1,017,074 .........XXX............ ...........1,017,074 .........XXX............ ............................<br />
0200079. 1983A ANB 3% NLP CRF IMM FI 86-93............................................................................... ................423,503 .........XXX............ ..............423,503 .........XXX............ ............................<br />
0200080. 1983A ANB 3% SPIA IMM FI 87............................................................................................ ....................4,508 .........XXX............ ..................4,508 .........XXX............ ............................<br />
0200081. 1983A ANB 3.75% NLP CRF IMM FI 93-94.......................................................................... .............1,222,134 .........XXX............ ...........1,222,134 .........XXX............ ............................<br />
0200082. 1983A ANB 4% CARVM CRF DEF FI 75-79......................................................................... .............4,071,729 .........XXX............ ...........4,027,417 .........XXX............ ................44,312<br />
0200083. 1983A ANB 4% NLP CRF IMM FI 94..................................................................................... ................789,352 .........XXX............ ..............789,352 .........XXX............ ............................<br />
0200084. 1983A ANB 4.25% NLP CRF IMM FI 92-98.......................................................................... .............2,314,629 .........XXX............ ...........2,314,629 .........XXX............ ............................<br />
0200085. 1983A ANB 4.5% CARVM CRF DEF FI 80-82...................................................................... .............8,785,944 .........XXX............ ...........6,178,136 .........XXX............ ...........2,607,808<br />
0200086. 1983A ANB 4.5% NLP CRF IMM FI 85-03............................................................................ .............2,420,394 .........XXX............ ...........2,420,394 .........XXX............ ............................<br />
0200087. 1983A ANB 4.75% NLP CRF IMM FI 95-99.......................................................................... .............1,163,692 .........XXX............ ...........1,163,692 .........XXX............ ............................<br />
0200088. 1983A ANB 5% CARVM CRF DEF FI 98.............................................................................. ...........10,382,330 .........XXX............ .........10,382,330 .........XXX............ ............................<br />
0200089. 1983A ANB 5% NLP CRF IMM FI 86-97............................................................................... .............5,129,262 .........XXX............ ...........5,129,262 .........XXX............ ............................<br />
0200090. 1983A ANB 5% SPIA IMM FI 86............................................................................................ ....................1,635 .........XXX............ ..................1,635 .........XXX............ ............................<br />
0200091. 1983A ANB 5.15% NLP CRF IMM FI 93................................................................................ .............3,615,486 .........XXX............ ...........3,615,486 .........XXX............ ............................<br />
0200092. 1983A ANB 5.25% CARVM CRF DEF FI 94-98.................................................................... ...........41,556,811 .........XXX............ .........41,377,376 .........XXX............ ..............179,435<br />
0200093. 1983A ANB 5.25% NLP CRF IMM FI 92-97.......................................................................... .............4,697,053 .........XXX............ ...........4,697,053 .........XXX............ ............................<br />
0200094. 1983A ANB 5.5% CARVM DEF NFI 94-97............................................................................ ................437,920 .........XXX............ ..............437,920 .........XXX............ ............................<br />
0200095. 1983A ANB 5.5% CARVM CRF DEF FI 89-97...................................................................... .........325,460,502 .........XXX............ .......318,418,533 .........XXX............ ...........7,041,969<br />
0200096. 1983A ANB 5.5% NLP CRF IMM FI 92-98............................................................................ .............8,346,850 .........XXX............ ...........8,334,813 .........XXX............ ................12,037<br />
0200097. 1983A ANB 5.75% CARVM DEF NFI 93............................................................................... ..................31,545 .........XXX............ ................31,545 .........XXX............ ............................<br />
0200098. 1983A ANB 5.75% CARVM CRF DEF FI 88-00.................................................................... .........125,234,603 .........XXX............ .......113,319,687 .........XXX............ .........11,914,916<br />
0200099. 1983A ANB 5.75% NLP CRF IMM FI 92-97.......................................................................... ...........12,472,687 .........XXX............ .........12,472,687 .........XXX............ ............................<br />
0200100. 1983A ANB 6% CARVM DEF NFI 95.................................................................................... ................472,255 .........XXX............ ..............472,255 .........XXX............ ............................<br />
0200101. 1983A ANB 6% CARVM CRF DEF FI 92-97......................................................................... .........144,917,696 .........XXX............ .......141,603,041 .........XXX............ ...........3,314,655<br />
0200102. 1983A ANB 6% NLP CRF IMM FI 87-02............................................................................... ...........94,955,796 .........XXX............ .........93,792,287 .........XXX............ ...........1,163,509<br />
0200103. 1983A ANB 6.15% NLP CRF IMM FI 93................................................................................ ...........10,392,312 .........XXX............ .........10,392,312 .........XXX............ ............................<br />
0200104. 1983A ANB 6.25% CARVM CRF DEF FI 89-92.................................................................... ...........92,092,242 .........XXX............ .........91,090,336 .........XXX............ ...........1,001,906<br />
0200105. 1983A ANB 6.25% NLP CRF IMM FI 88-97.......................................................................... ...........34,514,777 .........XXX............ .........34,514,777 .........XXX............ ............................<br />
0200106. 1983A ANB 6.5% CARVM CRF DEF FI 87-90...................................................................... .........107,213,500 .........XXX............ .......103,672,039 .........XXX............ ...........3,541,461<br />
0200107. 1983A ANB 6.5% NLP CRF IMM FI 86-02............................................................................ ...........26,627,294 .........XXX............ .........26,575,936 .........XXX............ ................51,358<br />
0200108. 1983A ANB 6.65% NLP CRF IMM FI 93................................................................................ .............8,794,290 .........XXX............ ...........8,794,290 .........XXX............ ............................<br />
0200109. 1983A ANB 6.75% CARVM CRF DEF FI 91......................................................................... ...........89,714,265 .........XXX............ .........86,453,152 .........XXX............ ...........3,261,113<br />
0200110. 1983A ANB 6.75% NLP CRF IMM FI 92-00.......................................................................... ...........19,505,899 .........XXX............ .........19,505,899 .........XXX............ ............................<br />
0200111. 1983A ANB 6.9% NLP CRF IMM FI 93.................................................................................. ...........21,278,164 .........XXX............ .........21,278,164 .........XXX............ ............................<br />
0200112. 1983A ANB 7% CARVM CRF DEF FI 88-89......................................................................... .........106,133,213 .........XXX............ .......103,281,909 .........XXX............ ...........2,851,304<br />
0200113. 1983A ANB 7% NLP CRF IMM FI 92-95............................................................................... .............3,528,824 .........XXX............ ...........3,528,824 .........XXX............ ............................<br />
0200114. 1983A ANB 7.25% CARVM CRF DEF FI 86......................................................................... ...........19,751,941 .........XXX............ .........17,971,755 .........XXX............ ...........1,780,186<br />
0200115. 1983A ANB 7.25% NLP CRF IMM FI 86-95.......................................................................... ...........40,593,377 .........XXX............ .........40,593,377 .........XXX............ ............................<br />
0200116. 1983A ANB 7.5% NLP CRF IMM FI 89-92............................................................................ ...........36,903,293 .........XXX............ .........36,903,293 .........XXX............ ............................<br />
0200117. 1983A ANB 7.75% NLP CRF IMM FI 87-92.......................................................................... ...........56,789,236 .........XXX............ .........56,789,236 .........XXX............ ............................<br />
0200118. 1983A ANB 7.75% SPIA IMM FI 92....................................................................................... ....................2,815 .........XXX............ ..................2,815 .........XXX............ ............................<br />
0200119. 1983A ANB 8% NLP CRF IMM FI 86-91............................................................................... ...........65,118,776 .........XXX............ .........65,118,776 .........XXX............ ............................<br />
0200120. 1983A ANB 8.25% CARVM CRF DEF FI 75-98.................................................................... ...........56,939,416 .........XXX............ .........56,939,416 .........XXX............ ............................<br />
0200121. 1983A ANB 8.25% NLP CRF IMM FI 86-91.......................................................................... ...........87,558,753 .........XXX............ .........87,558,753 .........XXX............ ............................<br />
0200122. 1983A ANB 8.25% SPIA IMM FI 90....................................................................................... ....................8,991 .........XXX............ ..................8,991 .........XXX............ ............................<br />
0200123. 1983A ANB 8.5% CARVM CRF DEF FI 84-85...................................................................... ...........29,181,621 .........XXX............ .........24,233,141 .........XXX............ ...........4,948,480<br />
0200124. 1983A ANB 8.5% NLP CRF IMM FI 76-97............................................................................ ...........33,149,255 .........XXX............ .........29,074,441 .........XXX............ ...........4,074,814<br />
0200125. 1983A ANB 8.75% CARVM CRF DEF FI 83......................................................................... .............8,711,207 .........XXX............ ...........4,991,162 .........XXX............ ...........3,720,045<br />
0200126. 1983A ANB 8.75% NLP CRF IMM FI 86-89.......................................................................... .........152,876,148 .........XXX............ .......152,847,216 .........XXX............ ................28,932<br />
0200127. 1983A ANB 9% NLP CRF IMM FI 86..................................................................................... .............1,531,322 .........XXX............ ...........1,531,322 .........XXX............ ............................<br />
0200128. 1983A ANB 9.25% NLP CRF IMM FI 86................................................................................ ...........33,916,707 .........XXX............ .........33,916,707 .........XXX............ ............................<br />
0200129. 1983A ANB 10% NLP CRF IMM FI 85................................................................................... ................113,595 .........XXX............ ..............113,595 .........XXX............ ............................<br />
0200130. 1983A ANB 10.5% NLP CRF IMM FI 85................................................................................ ................862,025 .........XXX............ ..............862,025 .........XXX............ ............................<br />
0200131. 1983A ANB 10.75% NLP CRF IMM FI 85.............................................................................. ................282,243 .........XXX............ ..............282,243 .........XXX............ ............................<br />
0200132. 1983A ANB 11% NLP CRF IMM FI 85................................................................................... .............1,967,335 .........XXX............ ...........1,967,335 .........XXX............ ............................<br />
0200133. 1983 GAM ANB 4.75% NLP CRF IMM&DEF 94-96.............................................................. ................877,586 .........XXX............ ............................ .........XXX............ ..............877,586<br />
0200134. 1983 GAM ANB 5% NLP CRF IMM&DEF 93-96................................................................... ...........12,193,154 .........XXX............ ............................ .........XXX............ .........12,193,154<br />
0200135. 1983 GAM ANB 5.25% NLP CRF IMM&DEF 92-93.............................................................. .............8,427,261 .........XXX............ ............................ .........XXX............ ...........8,427,261<br />
0200136. 1983 GAM ANB 5.5% NLP CRF IMM&DEF 94-95................................................................ .............3,240,082 .........XXX............ ............................ .........XXX............ ...........3,240,082<br />
0200137. 1983 GAM ANB 5.75% NLP CRF IMM&DEF 92-95.............................................................. ...........19,718,909 .........XXX............ ............................ .........XXX............ .........19,718,909<br />
0200138. 1983 GAM ANB 6% NLP CRF IMM&DEF 87-97................................................................... .........252,828,333 .........XXX............ ............................ .........XXX............ .......252,828,333<br />
0200139. 1983 GAM ANB 6.25% NLP CRF IMM&DEF 88-93.............................................................. .........245,309,143 .........XXX............ ............................ .........XXX............ .......245,309,143<br />
0200140. 1983 GAM ANB 6.5% NLP CRF IMM&DEF 86-96................................................................ .........118,532,996 .........XXX............ ............................ .........XXX............ .......118,532,996<br />
0200141. 1983 GAM ANB 6.75% NLP CRF IMM&DEF 92-97.............................................................. ...........28,176,995 .........XXX............ ............................ .........XXX............ .........28,176,995<br />
0200142. 1983 GAM ANB 7% NLP CRF IMM&DEF 93-95................................................................... .............9,683,337 .........XXX............ ............................ .........XXX............ ...........9,683,337<br />
0200143. 1983 GAM ANB 7.25% NLP CRF IMM&DEF 87-95.............................................................. .........140,438,808 .........XXX............ ............................ .........XXX............ .......140,438,808<br />
0200144. 1983 GAM ANB 7.5% NLP CRF IMM&DEF 85-92................................................................ .........217,521,403 .........XXX............ ............................ .........XXX............ .......217,521,403<br />
0200145. 1983 GAM ANB 7.75% NLP CRF IMM&DEF 87-92.............................................................. ...........95,641,278 .........XXX............ ............................ .........XXX............ .........95,641,278<br />
0200146. 1983 GAM ANB 8% NLP CRF IMM&DEF 86-91................................................................... ...........91,094,192 .........XXX............ ............................ .........XXX............ .........91,094,192<br />
0200147. 1983 GAM ANB 8.25% NLP CRF IMM&DEF 89-91.............................................................. .........103,889,590 .........XXX............ ............................ .........XXX............ .......103,889,590<br />
0200148. 1983 GAM ANB 8.5% NLP CRF IMM&DEF 88..................................................................... ...........23,498,610 .........XXX............ ............................ .........XXX............ .........23,498,610<br />
0200149. 1983 GAM ANB 8.75% NLP CRF IMM&DEF 86-89.............................................................. .........117,805,023 .........XXX............ ............................ .........XXX............ .......117,805,023<br />
0200150. 1983 GAM ANB 9.25% NLP CRF IMM&DEF 86................................................................... ...........27,387,217 .........XXX............ ............................ .........XXX............ .........27,387,217<br />
0200151. 1983 GAM ANB 9.5% NLP CRF IMM&DEF 85..................................................................... ...........27,731,012 .........XXX............ ............................ .........XXX............ .........27,731,012<br />
0200152. 1983 GAM ANB 10.5% NLP CRF IMM&DEF 85................................................................... .............7,302,395 .........XXX............ ............................ .........XXX............ ...........7,302,395<br />
0200153. 1983 GAM ANB 11% NLP CRF IMM&DEF 85...................................................................... ...........31,382,066 .........XXX............ ............................ .........XXX............ .........31,382,066<br />
0200154. 1994 GAR ANB 4.75% NLP CRF IMM&DEF 98.................................................................... ....................5,177 .........XXX............ ............................ .........XXX............ ..................5,177<br />
0200155. 1994 GAR ANB 5% NLP CRF IMM&DEF 05......................................................................... ..................40,548 .........XXX............ ............................ .........XXX............ ................40,548<br />
0200156. 1994 GAR ANB 5.25% NLP CRF IMM&DEF 05-06............................................................... .............9,608,265 .........XXX............ ............................ .........XXX............ ...........9,608,265<br />
0200157. 1994 GAR ANB 5.5% NLP CRF IMM&DEF 04-08 NB........................................................... .............6,692,636 .........XXX............ ............................ .........XXX............ ...........6,692,636<br />
0200158. 1994 GAR ANB 5.75% NLP CRF IMM&DEF 98.................................................................... ..................15,941 .........XXX............ ............................ .........XXX............ ................15,941<br />
0200159. 1994 GAR ANB 6% NLP CRF IMM&DEF 98-03.................................................................... .............2,092,966 .........XXX............ ............................ .........XXX............ ...........2,092,966<br />
0200160. 1994 GAR ANB 6.25% NLP CRF IMM&DEF 98-00............................................................... .............9,007,777 .........XXX............ ............................ .........XXX............ ...........9,007,777<br />
0200161. 1994 GAR ANB 6.5% NLP CRF IMM&DEF 02...................................................................... .............1,161,259 .........XXX............ ............................ .........XXX............ ...........1,161,259<br />
12.4
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0200162. 1994 GAR ANB 6.75% NLP CRF IMM&DEF 00-01............................................................... ...........11,569,103 .........XXX............ ............................ .........XXX............ .........11,569,103<br />
0200163. 1994 GAR ANB 7% NLP CRF IMM&DEF 00......................................................................... ................433,202 .........XXX............ ............................ .........XXX............ ..............433,202<br />
0200164. ANNUITY 2000 ALB 4% CARVM CRF DEF NFI 74-78......................................................... ...........11,136,096 .........XXX............ ............................ .........XXX............ .........11,136,096<br />
0200165. ANNUITY 2000 ALB 4.5% CARVM CRF DEF NFI 79-06...................................................... .........550,925,978 .........XXX............ .......224,442,851 .........XXX............ .......326,483,127<br />
0200166. ANNUITY 2000 ALB 4.75% CARVM CRF DEF NFI 04-08 NB.............................................. ......1,484,885,734 .........XXX............ ....1,180,160,632 .........XXX............ .......304,725,102<br />
0200167. ANNUITY 2000 ALB 5% CARVM CRF DEF NFI 03-08 NB................................................... ......1,696,441,411 .........XXX............ ....1,492,616,100 .........XXX............ .......203,825,311<br />
0200168. ANNUITY 2000 ALB 5.25% CARVM CRF DEF NFI 98-05.................................................... .........712,573,225 .........XXX............ .......637,946,905 .........XXX............ .........74,626,320<br />
0200169. ANNUITY 2000 ALB 5.5% CARVM CRF DEF NFI 94-07...................................................... ......2,795,657,551 .........XXX............ ....2,323,180,528 .........XXX............ .......472,477,023<br />
0200170. ANNUITY 2000 ALB 5.75% CARVM CRF DEF NFI 93-08 NB.............................................. ......1,968,705,313 .........XXX............ ....1,676,824,745 .........XXX............ .......291,880,568<br />
0200171. ANNUITY 2000 ALB 6% CARVM CRF DEF NFI 93-02......................................................... .........781,192,279 .........XXX............ .......693,996,177 .........XXX............ .........87,196,102<br />
0200172. ANNUITY 2000 ALB 6.25% CARVM CRF DEF NFI 92-03.................................................... .........906,069,708 .........XXX............ .......726,593,402 .........XXX............ .......179,476,306<br />
0200173. ANNUITY 2000 ALB 6.5% CARVM CRF DEF NFI 87-92...................................................... .........912,774,629 .........XXX............ .......765,425,720 .........XXX............ .......147,348,909<br />
0200174. ANNUITY 2000 ALB 6.75% CARVM CRF DEF NFI 91-02.................................................... .........623,165,283 .........XXX............ .......551,755,117 .........XXX............ .........71,410,166<br />
0200175. ANNUITY 2000 ALB 7% CARVM CRF DEF NFI 88-01......................................................... .........910,877,609 .........XXX............ .......748,158,946 .........XXX............ .......162,718,663<br />
0200176. ANNUITY 2000 ALB 7.25% CARVM CRF DEF NFI 86-00.................................................... .........496,041,112 .........XXX............ .......384,155,803 .........XXX............ .......111,885,309<br />
0200177. ANNUITY 2000 ALB 7.5% CARVM CRF DEF NFI 95........................................................... .............8,043,631 .........XXX............ ............................ .........XXX............ ...........8,043,631<br />
0200178. ANNUITY 2000 ALB 8% CARVM CRF DEF NFI 92.............................................................. .............9,742,012 .........XXX............ ............................ .........XXX............ ...........9,742,012<br />
0200179. ANNUITY 2000 ALB 8.5% CARVM CRF DEF NFI 84-90...................................................... .........679,138,325 .........XXX............ .......504,883,934 .........XXX............ .......174,254,391<br />
0200180. ANNUITY 2000 ALB 8.75% CARVM CRF DEF NFI 83-91.................................................... .........260,653,665 .........XXX............ .......140,031,673 .........XXX............ .......120,621,992<br />
0200181. ANNUITY 2000 ALB 9% CARVM CRF DEF NFI 89.............................................................. .............6,200,595 .........XXX............ ............................ .........XXX............ ...........6,200,595<br />
0200182. ANNUITY 2000 ALB 9.25% CARVM CRF DEF NFI 88......................................................... .............5,764,472 .........XXX............ ............................ .........XXX............ ...........5,764,472<br />
0200183. ANNUITY 2000 ALB 9.5% CARVM CRF DEF NFI 86........................................................... ...........19,213,464 .........XXX............ ............................ .........XXX............ .........19,213,464<br />
0200184. ANNUITY 2000 ALB 10% CARVM CRF DEF NFI 67-82....................................................... .........406,572,022 .........XXX............ .......354,477,198 .........XXX............ .........52,094,824<br />
0200185. ANNUITY 2000 ALB 11.5% CARVM CRF DEF NFI 85......................................................... .............3,312,332 .........XXX............ ............................ .........XXX............ ...........3,312,332<br />
0200186. ANNUITY 2000 ALB 11.75% CARVM CRF DEF NFI 83-84.................................................. .............6,445,908 .........XXX............ ............................ .........XXX............ ...........6,445,908<br />
0200187. ANNUITY 2000 ALB 13.75% CARVM CRF DEF NFI 82....................................................... ................313,594 .........XXX............ ............................ .........XXX............ ..............313,594<br />
0200188. ANNUITY 2000 ANB 1.5% NLP CRF IMM FI 03................................................................... ................165,054 .........XXX............ ..............165,054 .........XXX............ ............................<br />
0200189. ANNUITY 2000 ANB 1.75% NLP CRF IMM FI 02................................................................. ..................63,658 .........XXX............ ................63,658 .........XXX............ ............................<br />
0200190. ANNUITY 2000 ANB 2% NLP CRF IMM FI 03-04................................................................. ................111,528 .........XXX............ ..............111,528 .........XXX............ ............................<br />
0200191. ANNUITY 2000 ANB 2.25% NLP CRF IMM FI 02-04............................................................ .............1,718,601 .........XXX............ ...........1,718,601 .........XXX............ ............................<br />
0200192. ANNUITY 2000 ANB 2.5% NLP CRF IMM FI 02-04.............................................................. .............1,676,450 .........XXX............ ...........1,676,450 .........XXX............ ............................<br />
0200193. ANNUITY 2000 ANB 2.75% NLP CRF IMM FI 02-05............................................................ ................287,516 .........XXX............ ..............287,516 .........XXX............ ............................<br />
0200194. ANNUITY 2000 ANB 3% NLP CRF IMM FI 02-05................................................................. .............7,236,899 .........XXX............ ...........7,236,899 .........XXX............ ............................<br />
0200195. ANNUITY 2000 ANB 3% SPIA IMM FI 01............................................................................. ..................15,134 .........XXX............ ................15,134 .........XXX............ ............................<br />
0200196. ANNUITY 2000 ANB 3.25% NLP CRF IMM FI 02-05............................................................ .............7,207,897 .........XXX............ ...........7,207,897 .........XXX............ ............................<br />
0200197. ANNUITY 2000 ANB 3.5% NLP CRF IMM FI 99-07.............................................................. .............8,109,744 .........XXX............ ...........8,109,744 .........XXX............ ............................<br />
0200198. ANNUITY 2000 ANB 3.75% NLP CRF IMM FI 99-05............................................................ .............8,904,064 .........XXX............ ...........8,904,064 .........XXX............ ............................<br />
0200199. ANNUITY 2000 ANB 4% NLP CRF IMM FI 98-06................................................................. .............9,366,960 .........XXX............ ...........9,366,960 .........XXX............ ............................<br />
0200200. ANNUITY 2000 ANB 4.25% NLP CRF IMM FI 99-07............................................................ .............9,962,228 .........XXX............ ...........9,962,228 .........XXX............ ............................<br />
0200201. ANNUITY 2000 ANB 4.5% CARVM CRF DEF FI 05-07........................................................ .........401,997,930 .........XXX............ .......401,889,295 .........XXX............ ..............108,635<br />
0200202. ANNUITY 2000 ANB 4.5% NLP CRF IMM FI 98-07.............................................................. ...........15,911,114 .........XXX............ .........15,911,114 .........XXX............ ............................<br />
0200203. ANNUITY 2000 ANB 4.75% CARVM CRF DEF FI 03-08 NB................................................ ......1,915,957,579 .........XXX............ ....1,841,002,831 .........XXX............ .........74,954,748<br />
0200204. ANNUITY 2000 ANB 4.75% NLP CRF IMM FI 98-08 NB...................................................... ...........24,865,893 .........XXX............ .........24,865,893 .........XXX............ ............................<br />
0200205. ANNUITY 2000 ANB 5% CARVM CRF DEF FI 99-08 NB..................................................... ......2,890,858,395 .........XXX............ ....2,785,274,826 .........XXX............ .......105,583,569<br />
0200206. ANNUITY 2000 ANB 5% NLP CRF IMM FI 98-07................................................................. .............7,710,400 .........XXX............ ...........7,710,400 .........XXX............ ............................<br />
0200207. ANNUITY 2000 ANB 5.25% CARVM CRF DEF FI 98-02...................................................... .........232,454,320 .........XXX............ .......230,062,956 .........XXX............ ...........2,391,364<br />
0200208. ANNUITY 2000 ANB 5.25% CARVM CRF DEF NFI 05-06................................................... ................124,383 .........XXX............ ..............124,383 .........XXX............ ............................<br />
0200209. ANNUITY 2000 ANB 5.25% NLP CRF IMM FI 98-07............................................................ ...........90,563,543 .........XXX............ .........90,537,262 .........XXX............ ................26,281<br />
0200210. ANNUITY 2000 ANB 5.5% CARVM CRF DEF FI 94-03........................................................ .........687,708,078 .........XXX............ .......628,993,222 .........XXX............ .........58,714,856<br />
0200211. ANNUITY 2000 ANB 5.5% CARVM CRF DEF NFI 04-08 NB............................................... .............1,128,208 .........XXX............ ...........1,128,208 .........XXX............ ............................<br />
0200212. ANNUITY 2000 ANB 5.5% NLP CRF IMM FI 99-08 NB........................................................ .........177,159,716 .........XXX............ .......177,159,716 .........XXX............ ............................<br />
0200213. ANNUITY 2000 ANB 5.75% CARVM CRF DEF FI 93-00...................................................... .........226,499,892 .........XXX............ .......225,382,418 .........XXX............ ...........1,117,474<br />
0200214. ANNUITY 2000 ANB 5.75% NLP CRF IMM FI 99-01............................................................ .............2,143,699 .........XXX............ ...........2,143,699 .........XXX............ ............................<br />
0200215. ANNUITY 2000 ANB 6% CARVM CRF DEF FI 95-02........................................................... .........224,690,087 .........XXX............ .......219,748,256 .........XXX............ ...........4,941,831<br />
0200216. ANNUITY 2000 ANB 6% CARVM CRF DEF NFI 03............................................................. ................233,264 .........XXX............ ..............233,264 .........XXX............ ............................<br />
0200217. ANNUITY 2000 ANB 6% NLP CRF IMM FI 99-03................................................................. ...........42,638,758 .........XXX............ .........42,638,758 .........XXX............ ............................<br />
0200218. ANNUITY 2000 ANB 6.25% CARVM CRF DEF FI 00........................................................... .............5,599,433 .........XXX............ ...........5,599,433 .........XXX............ ............................<br />
0200219. ANNUITY 2000 ANB 6.25% NLP CRF IMM FI 98-01............................................................ .............6,690,006 .........XXX............ ...........6,690,006 .........XXX............ ............................<br />
0200220. ANNUITY 2000 ANB 6.5% CARVM CRF DEF FI 87-90........................................................ ................229,386 .........XXX............ ..............229,386 .........XXX............ ............................<br />
0200221. ANNUITY 2000 ANB 6.5% CARVM CRF DEF NFI 02.......................................................... ................115,542 .........XXX............ ..............115,542 .........XXX............ ............................<br />
0200222. ANNUITY 2000 ANB 6.5% NLP CRF IMM FI 00-02.............................................................. .............2,329,809 .........XXX............ ...........2,329,809 .........XXX............ ............................<br />
0200223. ANNUITY 2000 ANB 6.75% CARVM CRF DEF FI 91........................................................... ..................20,386 .........XXX............ ................20,386 .........XXX............ ............................<br />
0200224. ANNUITY 2000 ANB 6.75% CARVM CRF DEF NFI 01........................................................ ..................14,245 .........XXX............ ................14,245 .........XXX............ ............................<br />
0200225. ANNUITY 2000 ANB 6.75% NLP CRF IMM FI 00-01............................................................ ...........12,076,227 .........XXX............ .........12,076,227 .........XXX............ ............................<br />
0200226. ANNUITY 2000 ANB 7% CARVM CRF DEF FI 89................................................................ ................180,342 .........XXX............ ..............180,342 .........XXX............ ............................<br />
0200227. ANNUITY 2000 ANB 7% CARVM CRF DEF NFI 00............................................................. ................236,078 .........XXX............ ..............236,078 .........XXX............ ............................<br />
0200228. ANNUITY 2000 ANB 7% NLP CRF IMM FI 00...................................................................... .............4,313,686 .........XXX............ ...........4,313,686 .........XXX............ ............................<br />
0200229. PROG ANN (LN) 2.5% 64-75................................................................................................. ................387,616 .........XXX............ ..............387,616 .........XXX............ ............................<br />
0200230. PROG ANN (LN) 3% 64-75.................................................................................................... ..................96,558 .........XXX............ ................96,558 .........XXX............ ............................<br />
0200231. PROG ANN (JP) ANB 2.5% CRF DEF FI 49-61.................................................................... ..................90,402 .........XXX............ ................90,402 .........XXX............ ............................<br />
0200232. PROG ANN (JP) ANB 3% CRF DEF FI 41-74....................................................................... ................713,635 .........XXX............ ..............713,635 .........XXX............ ............................<br />
0200233. PROG ANN (JP) ANB 3% NLP CRF IMM FI 68-73............................................................... ....................5,478 .........XXX............ ..................5,478 .........XXX............ ............................<br />
0200234. PROG ANN (JP) ANB 3.5% CRF DEF FI 34-72.................................................................... ................796,793 .........XXX............ ..............796,793 .........XXX............ ............................<br />
0200235. PROG ANN (LN) ANB 3.5% NLP CRF IMM FI 72-75............................................................ ..................23,036 .........XXX............ ................23,036 .........XXX............ ............................<br />
0200236. IRA/PRA RESERVE 3.5%..................................................................................................... ...........37,036,184 .........XXX............ ............................ .........XXX............ .........37,036,184<br />
0200237. TSA/PRA RESERVE 3%....................................................................................................... .............3,060,236 .........XXX............ ............................ .........XXX............ ...........3,060,236<br />
0200238. HIRO/PRA RESERVE 3%..................................................................................................... .............3,461,174 .........XXX............ ............................ .........XXX............ ...........3,461,174<br />
0200239. SEPP/PRA RESERVE 3%..................................................................................................... .............1,672,636 .........XXX............ ............................ .........XXX............ ...........1,672,636<br />
0200240. 1% NLP IMM FI 03................................................................................................................. ..................62,256 .........XXX............ ................62,256 .........XXX............ ............................<br />
0200241. 1.5% NLP IMM FI 03-04......................................................................................................... ....................4,088 .........XXX............ ..................4,088 .........XXX............ ............................<br />
0200242. 1.75% NLP IMM FI 03-04....................................................................................................... ..................44,058 .........XXX............ ................44,058 .........XXX............ ............................<br />
0200243. 2% NLP IMM FI 03-04............................................................................................................ ..................45,476 .........XXX............ ................45,476 .........XXX............ ............................<br />
0200244. 2.25% NLP IMM FI 03-04....................................................................................................... ................103,192 .........XXX............ ..............103,192 .........XXX............ ............................<br />
0200245. 2.5% NLP IMM FI 03-04......................................................................................................... ................496,702 .........XXX............ ..............496,702 .........XXX............ ............................<br />
0200246. 2.75% NLP IMM FI 04-05....................................................................................................... ..................23,935 .........XXX............ ................23,935 .........XXX............ ............................<br />
0200247. 3% NLP IMM FI 93-08 NB...................................................................................................... .............8,082,247 .........XXX............ ...........8,082,247 .........XXX............ ............................<br />
0200248. 3.25% NLP IMM FI 02-05....................................................................................................... .............3,706,026 .........XXX............ ...........3,706,026 .........XXX............ ............................<br />
0200249. 3.5% NLP IMM FI 00-05......................................................................................................... .............3,649,866 .........XXX............ ...........3,649,866 .........XXX............ ............................<br />
0200250. 3.75% NLP IMM FI 93-05....................................................................................................... .............4,575,191 .........XXX............ ...........4,575,191 .........XXX............ ............................<br />
0200251. 4% NLP IMM FI 93-06............................................................................................................ .............4,834,572 .........XXX............ ...........4,834,572 .........XXX............ ............................<br />
0200252. 4.25% NLP IMM FI 93-07....................................................................................................... ...........10,005,718 .........XXX............ .........10,005,718 .........XXX............ ............................<br />
0200253. 4.5% NLP IMM FI 93-07......................................................................................................... .............8,117,995 .........XXX............ ...........8,117,995 .........XXX............ ............................<br />
0200254. 4.75% NLP IMM FI 92-07....................................................................................................... .............5,643,653 .........XXX............ ...........5,643,653 .........XXX............ ............................<br />
0200255. 5% NLP IMM FI 92-08 NB...................................................................................................... ...........10,613,181 .........XXX............ .........10,613,181 .........XXX............ ............................<br />
0200256. 5.15% NLP IMM FI 93............................................................................................................ ................590,570 .........XXX............ ..............590,570 .........XXX............ ............................<br />
0200257. 5.25% CARVM CRF DEF NFI 05........................................................................................... ...........54,041,602 .........XXX............ ............................ .........XXX............ .........54,041,602<br />
0200258. 5.25% NLP IMM FI 92-07....................................................................................................... ...........65,247,935 .........XXX............ .........65,247,935 .........XXX............ ............................<br />
12.5
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0200259. 5.25% NLP IMM&DEF 05-06................................................................................................. ..................24,972 .........XXX............ ............................ .........XXX............ ................24,972<br />
0200260. 5.5% CARVM CRF DEF NFI 06-07....................................................................................... ...........60,240,799 .........XXX............ ............................ .........XXX............ .........60,240,799<br />
0200261. 5.5% NLP IMM FI 93-08 NB................................................................................................... ...........81,422,500 .........XXX............ .........81,422,500 .........XXX............ ............................<br />
0200262. 5.5% NLP IMM&DEF 07........................................................................................................ ..................70,391 .........XXX............ ............................ .........XXX............ ................70,391<br />
0200263. 5.75% CARVM CRF DEF NFI 04-08 NB............................................................................... ...........76,637,186 .........XXX............ ............................ .........XXX............ .........76,637,186<br />
0200264. 5.75% NLP IMM FI 92-03....................................................................................................... .............3,070,888 .........XXX............ ...........3,070,888 .........XXX............ ............................<br />
0200265. 5.75% NLP IMM&DEF 93...................................................................................................... ....................5,555 .........XXX............ ............................ .........XXX............ ..................5,555<br />
0200266. 6% NLP IMM FI 87-03............................................................................................................ ...........17,109,688 .........XXX............ .........17,109,688 .........XXX............ ............................<br />
0200267. 6% NLP IMM&DEF 87-94...................................................................................................... ................904,790 .........XXX............ ............................ .........XXX............ ..............904,790<br />
0200268. 6.15% NLP IMM FI 93............................................................................................................ ................593,170 .........XXX............ ..............593,170 .........XXX............ ............................<br />
0200269. 6.25% CARVM CRF DEF NFI 99-03..................................................................................... ...........90,383,873 .........XXX............ ............................ .........XXX............ .........90,383,873<br />
0200270. 6.25% NLP IMM FI 89-01....................................................................................................... .............4,929,292 .........XXX............ ...........4,929,292 .........XXX............ ............................<br />
0200271. 6.25% NLP IMM&DEF 89-93................................................................................................. ................152,589 .........XXX............ ............................ .........XXX............ ..............152,589<br />
0200272. 6.5% CARVM CRF DEF NFI 98............................................................................................. ...........36,705,493 .........XXX............ ............................ .........XXX............ .........36,705,493<br />
0200273. 6.5% NLP IMM FI 86-02......................................................................................................... .............9,621,346 .........XXX............ ...........9,621,346 .........XXX............ ............................<br />
0200274. 6.5% NLP IMM&DEF 86-96................................................................................................... ................312,061 .........XXX............ ............................ .........XXX............ ..............312,061<br />
0200275. 6.75% CARVM CRF DEF NFI 94-02..................................................................................... ...........94,802,975 .........XXX............ ............................ .........XXX............ .........94,802,975<br />
0200276. 6.75% NLP IMM FI 92-03....................................................................................................... .............4,069,469 .........XXX............ ...........4,069,469 .........XXX............ ............................<br />
0200277. 6.75% NLP IMM&DEF 92-01................................................................................................. ..................54,119 .........XXX............ ............................ .........XXX............ ................54,119<br />
0200278. 6.9% NLP IMM FI 92-93......................................................................................................... .............3,609,537 .........XXX............ ...........3,609,537 .........XXX............ ............................<br />
0200279. 7% CARVM CRF DEF NFI 97-01.......................................................................................... ...........84,182,304 .........XXX............ ............................ .........XXX............ .........84,182,304<br />
0200280. 7% NLP IMM FI 80-00............................................................................................................ ................971,796 .........XXX............ ..............971,796 .........XXX............ ............................<br />
0200281. 7% NLP IMM&DEF 93-00...................................................................................................... ..................27,119 .........XXX............ ............................ .........XXX............ ................27,119<br />
0200282. 7.25% CARVM CRF DEF NFI 93-00..................................................................................... ...........44,907,983 .........XXX............ ............................ .........XXX............ .........44,907,983<br />
0200283. 7.25% NLP IMM FI 87-95....................................................................................................... .............2,273,874 .........XXX............ ...........2,273,874 .........XXX............ ............................<br />
0200284. 7.25% NLP IMM&DEF 87-91................................................................................................. .............1,398,494 .........XXX............ ............................ .........XXX............ ...........1,398,494<br />
0200285. 7.5% CARVM CRF DEF NFI 81-95....................................................................................... ...........30,137,722 .........XXX............ ............................ .........XXX............ .........30,137,722<br />
0200286. 7.5% NLP IMM FI 81-92......................................................................................................... .............1,794,631 .........XXX............ ...........1,794,631 .........XXX............ ............................<br />
0200287. 7.5% NLP IMM&DEF 85-92................................................................................................... ................989,315 .........XXX............ ............................ .........XXX............ ..............989,315<br />
0200288. 7.75% NLP IMM FI 87-92....................................................................................................... ...........11,630,440 .........XXX............ .........11,630,440 .........XXX............ ............................<br />
0200289. 7.75% NLP IMM&DEF 87-88................................................................................................. ................297,027 .........XXX............ ............................ .........XXX............ ..............297,027<br />
0200290. 8% CARVM CRF DEF NFI 92................................................................................................ ...........11,602,207 .........XXX............ ............................ .........XXX............ .........11,602,207<br />
0200291. 8% NLP IMM FI 87-91............................................................................................................ .............4,441,729 .........XXX............ ...........4,441,729 .........XXX............ ............................<br />
0200292. 8% NLP IMM&DEF 86-91...................................................................................................... ................154,970 .........XXX............ ............................ .........XXX............ ..............154,970<br />
0200293. 8.25% NLP IMM FI 89-91....................................................................................................... ...........20,930,275 .........XXX............ .........20,930,275 .........XXX............ ............................<br />
0200294. 8.25% NLP IMM&DEF 89-91................................................................................................. ................293,723 .........XXX............ ............................ .........XXX............ ..............293,723<br />
0200295. 8.5% CARVM CRF DEF NFI 87-90....................................................................................... .............5,147,168 .........XXX............ ............................ .........XXX............ ...........5,147,168<br />
0200296. 8.5% NLP IMM FI 89.............................................................................................................. ................169,469 .........XXX............ ..............169,469 .........XXX............ ............................<br />
0200297. 8.5% NLP IMM&DEF 88........................................................................................................ ..................59,757 .........XXX............ ............................ .........XXX............ ................59,757<br />
0200298. 8.75% CARVM CRF DEF NFI 91........................................................................................... .............9,598,925 .........XXX............ ............................ .........XXX............ ...........9,598,925<br />
0200299. 8.75% NLP IMM FI 86-89....................................................................................................... .............1,516,312 .........XXX............ ...........1,516,312 .........XXX............ ............................<br />
0200300. 8.75% NLP IMM&DEF 86-89................................................................................................. ................142,331 .........XXX............ ............................ .........XXX............ ..............142,331<br />
0200301. 9% CARVM CRF DEF NFI 89................................................................................................ .............1,295,668 .........XXX............ ............................ .........XXX............ ...........1,295,668<br />
0200302. 9.25% CARVM CRF DEF NFI 88........................................................................................... .............3,625,121 .........XXX............ ............................ .........XXX............ ...........3,625,121<br />
0200303. 9.25% NLP IMM FI 86............................................................................................................ ..................47,143 .........XXX............ ................47,143 .........XXX............ ............................<br />
0200304. 9.5% CARVM CRF DEF NFI 86............................................................................................. .............1,927,671 .........XXX............ ............................ .........XXX............ ...........1,927,671<br />
0200305. 9.5% NLP IMM&DEF 85........................................................................................................ ..................44,004 .........XXX............ ............................ .........XXX............ ................44,004<br />
0200306. 9.65% NLP IMM FI 84............................................................................................................ ..................10,505 .........XXX............ ................10,505 .........XXX............ ............................<br />
0200307. 9.75% NLP IMM&DEF 83...................................................................................................... ....................1,709 .........XXX............ ............................ .........XXX............ ..................1,709<br />
0200308. 10% NLP IMM FI 85............................................................................................................... ....................1,989 .........XXX............ ..................1,989 .........XXX............ ............................<br />
0200309. 10.5% NLP IMM FI 85............................................................................................................ ....................6,776 .........XXX............ ..................6,776 .........XXX............ ............................<br />
0200310. 10.75% NLP IMM FI 85.......................................................................................................... ....................5,863 .........XXX............ ..................5,863 .........XXX............ ............................<br />
0200311. 11.25% NLP IMM FI 84.......................................................................................................... ................420,904 .........XXX............ ..............420,904 .........XXX............ ............................<br />
0200312. 11.25% NLP IMM&DEF 82.................................................................................................... ....................3,435 .........XXX............ ............................ .........XXX............ ..................3,435<br />
0200313. 11.5% CARVM CRF DEF NFI 85........................................................................................... .............4,253,267 .........XXX............ ............................ .........XXX............ ...........4,253,267<br />
0200314. 11.75% CARVM CRF DEF NFI 83-84................................................................................... .............1,668,652 .........XXX............ ............................ .........XXX............ ...........1,668,652<br />
0200315. 13.25% NLP IMM&DEF 82.................................................................................................... ....................5,640 .........XXX............ ............................ .........XXX............ ..................5,640<br />
0200316. 13.75% CARVM CRF DEF NFI 82......................................................................................... .............1,635,219 .........XXX............ ............................ .........XXX............ ...........1,635,219<br />
0200317. ACCOUNT VALUE................................................................................................................. ......1,873,714,769 .........XXX............ .........11,017,251 .........XXX............ ....1,862,697,518<br />
0200318. ACCOUNT VALUE 3.5%....................................................................................................... ...........10,572,421 .........XXX............ .........10,572,421 .........XXX............ ............................<br />
0299997. Totals (Gross)......................................................................................................................... ....29,132,260,289 .........XXX............ ..21,804,758,272 .........XXX............ ....7,327,502,017<br />
0299998. Reinsurance ceded................................................................................................................ ......1,254,253,028 .........XXX............ ....1,207,360,061 .........XXX............ .........46,892,967<br />
0299999. Totals (Net)............................................................................................................................. ....27,878,007,261 .........XXX............ ..20,597,398,211 .........XXX............ ....7,280,609,050<br />
Supplementary Contracts with <strong>Life</strong> Contingencies:<br />
0300001. 1937 SA 2.5% 72-80.............................................................................................................. ..................28,108 ............................ ................28,108 ............................ ............................<br />
0300002. 1937 SA 3.5% 46-62.............................................................................................................. ................260,698 ............................ ..............260,698 ............................ ............................<br />
0300003. 1937 SA 4% 23-45................................................................................................................. ................112,172 ............................ ..............112,172 ............................ ............................<br />
0300004. 1937 SA 4.75% 68-70............................................................................................................ ....................4,203 ............................ ..................4,203 ............................ ............................<br />
0300005. 1937 SA 6% 51-66................................................................................................................. ..................23,954 ............................ ................23,954 ............................ ............................<br />
0300006. 1937 SA 7.5% 71................................................................................................................... ....................1,748 ............................ ..................1,748 ............................ ............................<br />
0300007. 1937 SA ANB 2% SPIA IMM FI 50-84................................................................................... ..................71,979 ............................ ................71,979 ............................ ............................<br />
0300008. 1937 SA (back 1 and 5) 2.5% 62-89...................................................................................... ..................65,487 ............................ ................65,487 ............................ ............................<br />
0300009. 1937 SA (back 2 and 7) 2.5% 75-77...................................................................................... ....................4,744 ............................ ..................4,744 ............................ ............................<br />
0300010. 1937 SA (back 1 and 5) 3% 53-77......................................................................................... ................119,508 ............................ ..............119,508 ............................ ............................<br />
0300011. 1937 SA (back 1 and 5) 3.5% 49-93...................................................................................... ..................10,852 ............................ ................10,852 ............................ ............................<br />
0300012. 1937 SA (back 2 and 7) 3.5% 75-78...................................................................................... ....................3,335 ............................ ..................3,335 ............................ ............................<br />
0300013. 1949 ANN (30 yr proj.) 2.5% 44-84........................................................................................ ..................54,407 ............................ ................54,407 ............................ ............................<br />
0300014. 1949 ANN 3.5% 63-74........................................................................................................... ................806,730 ............................ ..............806,730 ............................ ............................<br />
0300015. 1949 ANN (30 yr proj.) 3.5% 68-79........................................................................................ ................241,167 ............................ ..............241,167 ............................ ............................<br />
0300016. 1949 ANN (30 yr proj.) 6% 80-03........................................................................................... .............2,314,972 ............................ ...........2,314,972 ............................ ............................<br />
0300017. 1949 ANN proj. ANB 2.5% NLP CRF IMM FI 77.................................................................. .......................717 ............................ .....................717 ............................ ............................<br />
0300018. 1949 ANN proj. ANB 3.5% NLP CRF IMM FI 74-79............................................................. ..................12,083 ............................ ................12,083 ............................ ............................<br />
0300019. 1955 MOD AMER ANN ANB 2.75% SPIA IMM FI 24-88....................................................... ................105,428 ............................ ..............105,428 ............................ ............................<br />
0300020. 1955 MOD AMER ANN ANB 3% SPIA IMM FI 64-65............................................................ ....................6,099 ............................ ..................6,099 ............................ ............................<br />
0300021. 1955 MOD AMER ANN ANB 3.5% SPIA IMM FI 67-79......................................................... ................220,836 ............................ ..............220,836 ............................ ............................<br />
0300022. 1971 IAM 4.25%..................................................................................................................... ................930,740 ............................ ..............930,740 ............................ ............................<br />
0300023. 1971 IAM 5.25% 05-06.......................................................................................................... ..................58,353 ............................ ................58,353 ............................ ............................<br />
0300024. 1971 IAM 6% 75-91............................................................................................................... .............8,649,892 ............................ ...........8,649,892 ............................ ............................<br />
0300025. 1971 IAM 7.5% 80-87............................................................................................................ ................790,124 ............................ ..............790,124 ............................ ............................<br />
0300026. 1971 IAM 11.25% 83-84........................................................................................................ ................376,602 ............................ ..............376,602 ............................ ............................<br />
0300027. 1971 IAM ANB 5% SPIA IMM FI 63-89.................................................................................. ................625,400 ............................ ..............625,400 ............................ ............................<br />
0300028. 1971 IAM ANB 6% NLP CRF IMM FI 80-98.......................................................................... ................890,008 ............................ ..............890,008 ............................ ............................<br />
0300029. 1971 IAM ANB 6.25% NLP CRF IMM FI 98........................................................................... ..................34,906 ............................ ................34,906 ............................ ............................<br />
0300030. 1971 IAM ANB 6.75% NLP CRF IMM FI 97........................................................................... ....................9,321 ............................ ..................9,321 ............................ ............................<br />
0300031. 1971 IAM ANB 7.5% NLP CRF IMM FI 76-83....................................................................... ....................2,322 ............................ ..................2,322 ............................ ............................<br />
0300032. 1971 IAM ANB 9.25% NLP CRF IMM FI 86........................................................................... ..................36,728 ............................ ................36,728 ............................ ............................<br />
0300033. 1983A 3.5% 70-77................................................................................................................. ..................72,290 ............................ ................72,290 ............................ ............................<br />
12.6
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0300034. 1983A 4.75% 99-00............................................................................................................... ..................37,893 ............................ ................37,893 ............................ ............................<br />
0300035. 1983A 4.82% 04..................................................................................................................... ....................5,410 ............................ ..................5,410 ............................ ............................<br />
0300036. 1983A 5.5% 94-98................................................................................................................. ................194,443 ............................ ..............194,443 ............................ ............................<br />
0300037. 1983A 6% 92-03.................................................................................................................... ...........13,381,722 ............................ .........13,381,722 ............................ ............................<br />
0300038. 1983A 6.09% 00..................................................................................................................... .......................223 ............................ .....................223 ............................ ............................<br />
0300039. 1983A 6.25% 98-99............................................................................................................... ................108,015 ............................ ..............108,015 ............................ ............................<br />
0300040. 1983A 6.5% 93-99................................................................................................................. ................276,221 ............................ ..............276,221 ............................ ............................<br />
0300041. 1983A 6.75% 96-97............................................................................................................... ................230,520 ............................ ..............230,520 ............................ ............................<br />
0300042. 1983A 7% 93.......................................................................................................................... ................107,086 ............................ ..............107,086 ............................ ............................<br />
0300043. 1983A 7.25% 95..................................................................................................................... ................169,172 ............................ ..............169,172 ............................ ............................<br />
0300044. 1983A 7.5% 87-92................................................................................................................. ................334,329 ............................ ..............334,329 ............................ ............................<br />
0300045. 1983A 7.75% 92..................................................................................................................... ................224,886 ............................ ..............224,886 ............................ ............................<br />
0300046. 1983A 8% 87-91.................................................................................................................... .............1,015,188 ............................ ...........1,015,188 ............................ ............................<br />
0300047. 1983A 8.5% 96-97................................................................................................................. .............4,191,887 ............................ ...........4,191,887 ............................ ............................<br />
0300048. 1983A 9.25% 86..................................................................................................................... ................224,002 ............................ ..............224,002 ............................ ............................<br />
0300049. 1983A 11% 85........................................................................................................................ ................240,605 ............................ ..............240,605 ............................ ............................<br />
0300050. 1983A ANB 4.5% NLP CRF IMM FI 99-02............................................................................ ................705,222 ............................ ..............705,222 ............................ ............................<br />
0300051. 1983A ANB 5% NLP CRF IMM FI 94-96............................................................................... ................270,865 ............................ ..............270,865 ............................ ............................<br />
0300052. 1983A ANB 5.25% NLP CRF IMM FI 94-97.......................................................................... ..................76,483 ............................ ................76,483 ............................ ............................<br />
0300053. 1983A ANB 5.5% NLP CRF IMM FI 94-98............................................................................ .............1,950,183 ............................ ...........1,950,183 ............................ ............................<br />
0300054. 1983A ANB 6% NLP CRF IMM FI 96-02............................................................................... ...........12,086,282 ............................ .........12,086,282 ............................ ............................<br />
0300055. 1983A ANB 6.25% CRVM IMM FI 98-99............................................................................... ..................40,240 ............................ ................40,240 ............................ ............................<br />
0300056. 1983A ANB 6.25% NLP CRF IMM FI 84-00.......................................................................... ................778,277 ............................ ..............778,277 ............................ ............................<br />
0300057. 1983A ANB 6.5% NLP CRF IMM FI 93-95............................................................................ .............1,570,981 ............................ ...........1,570,981 ............................ ............................<br />
0300058. 1983A ANB 6.5% SPIA IMM FI 94......................................................................................... ..................51,114 ............................ ................51,114 ............................ ............................<br />
0300059. 1983A ANB 6.75% NLP CRF IMM FI 96-02.......................................................................... .............2,310,565 ............................ ...........2,310,565 ............................ ............................<br />
0300060. 1983A ANB 6.75% SPIA IMM FI 96-97.................................................................................. ..................54,925 ............................ ................54,925 ............................ ............................<br />
0300061. 1983A ANB 6.9% NLP CRF IMM FI 93.................................................................................. ................214,429 ............................ ..............214,429 ............................ ............................<br />
0300062. 1983A ANB 7% NLP CRF IMM FI 93-94............................................................................... ..................84,471 ............................ ................84,471 ............................ ............................<br />
0300063. 1983A ANB 7% SPIA IMM FI 93............................................................................................ ..................37,100 ............................ ................37,100 ............................ ............................<br />
0300064. 1983A ANB 7.25% NLP CRF IMM FI 95................................................................................ ................458,997 ............................ ..............458,997 ............................ ............................<br />
0300065. 1983A ANB 7.25% SPIA IMM FI 95....................................................................................... ..................50,110 ............................ ................50,110 ............................ ............................<br />
0300066. 1983A ANB 7.5% NLP CRF IMM FI 87-92............................................................................ .............2,148,076 ............................ ...........2,148,076 ............................ ............................<br />
0300067. 1983A ANB 7.75% NLP CRF IMM FI 87-93.......................................................................... ................566,376 ............................ ..............566,376 ............................ ............................<br />
0300068. 1983A ANB 7.75% SPIA IMM FI 92....................................................................................... ....................4,967 ............................ ..................4,967 ............................ ............................<br />
0300069. 1983A ANB 8% NLP CRF IMM FI 87..................................................................................... ................158,883 ............................ ..............158,883 ............................ ............................<br />
0300070. 1983A ANB 8.25% NLP CRF IMM FI 90-91.......................................................................... .............1,027,853 ............................ ...........1,027,853 ............................ ............................<br />
0300071. 1983A ANB 8.25% SPIA IMM FI 90-91.................................................................................. ..................29,225 ............................ ................29,225 ............................ ............................<br />
0300072. 1983A ANB 8.75% NLP CRF IMM FI 88-89.......................................................................... ................488,047 ............................ ..............488,047 ............................ ............................<br />
0300073. 1983A ANB 9.25% NLP CRF IMM FI 86................................................................................ ..................35,253 ............................ ................35,253 ............................ ............................<br />
0300074. 1986 ANNUITY ANB 2% NLP IMM FI 45-70......................................................................... ..................12,181 ............................ ................12,181 ............................ ............................<br />
0300075. 1994 GAR 4.5%..................................................................................................................... .............1,202,773 ............................ ............................ ............................ ...........1,202,773<br />
0300076. ANNUITY 2000 4.5% 01-03................................................................................................... ..................23,248 ............................ ................23,248 ............................ ............................<br />
0300077. ANNUITY 2000 5.25% 05-06................................................................................................. .............5,167,147 ............................ ...........5,167,147 ............................ ............................<br />
0300078. ANNUITY 2000 5.5% 04-08 NB............................................................................................. .............2,580,135 ............................ ...........2,580,135 ............................ ............................<br />
0300079. ANNUITY 2000 6% 73-03...................................................................................................... .............4,518,246 ............................ ...........4,518,246 ............................ ............................<br />
0300080. ANNUITY 2000 ANB 3% NLP CRF IMM FI 00-04................................................................. ................642,167 ............................ ..............642,167 ............................ ............................<br />
0300081. ANNUITY 2000 ANB 3.5% NLP CRF IMM FI 98-02.............................................................. ................138,648 ............................ ..............138,648 ............................ ............................<br />
0300082. ANNUITY 2000 ANB 4% NLP CRF IMM FI 99-00................................................................. ................142,409 ............................ ..............142,409 ............................ ............................<br />
0300083. ANNUITY 2000 ANB 4.25% NLP CRF IMM FI 98................................................................. ....................1,974 ............................ ..................1,974 ............................ ............................<br />
0300084. ANNUITY 2000 ANB 5.25% NLP CRF IMM FI 05-06............................................................ .............7,102,441 ............................ ...........7,102,441 ............................ ............................<br />
0300085. ANNUITY 2000 ANB 5.5% NLP CRF IMM FI 03-08 NB........................................................ .............9,589,829 ............................ ...........9,589,829 ............................ ............................<br />
0300086. ANNUITY 2000 ANB 6% NLP CRF IMM FI 03...................................................................... .............1,385,779 ............................ ...........1,385,779 ............................ ............................<br />
0300087. ANNUITY 2000 ANB 6.25% NLP CRF IMM FI 83................................................................. ....................3,681 ............................ ..................3,681 ............................ ............................<br />
0300088. ANNUITY 2000 ANB 6.5% NLP CRF IMM FI 02................................................................... ..................52,305 ............................ ................52,305 ............................ ............................<br />
0300089. ANNUITY 2000 ANB 6.75% NLP CRF IMM FI 00-03............................................................ ................731,427 ............................ ..............731,427 ............................ ............................<br />
0300090. AMERICAN ANNUITANTS 3% 56-78.................................................................................... ..................55,224 ............................ ................55,224 ............................ ............................<br />
0300091. PROG ANN (JP) 3% 66-02.................................................................................................... ..................78,128 ............................ ................78,128 ............................ ............................<br />
0300092. AMERICAN ANNUITANTS 3.5% 45-81................................................................................. ..................64,895 ............................ ................64,895 ............................ ............................<br />
0399997. Totals (Gross)......................................................................................................................... ...........96,379,075 .........................0 .........95,176,302 .........................0 ...........1,202,773<br />
0399998. Reinsurance ceded................................................................................................................ .............1,867,941 ............................ ..............665,168 ............................ ...........1,202,773<br />
0399999. Totals (Net)............................................................................................................................. ...........94,511,134 .........................0 .........94,511,134 .........................0 .........................0<br />
Accidental Death Benefits:<br />
0400001. 1959 ADB ISL 87-01.............................................................................................................. ....................3,775 ............................ ..................3,775 ............................ ............................<br />
0400002. 1959 ADB 1958 CSO 2.5%.................................................................................................... ................626,778 ............................ ..............626,778 ............................ ............................<br />
0400003. 1959 ADB 1958 CSO 3% 57-99............................................................................................. ................674,515 ............................ ..............674,515 ............................ ............................<br />
0400004. 1959 ADB 1958 CET 3% 63-90............................................................................................. .......................202 ............................ .....................202 ............................ ............................<br />
0400005. 1959 ADB 1958 CSO 3% ISL 82-96...................................................................................... ................293,871 ............................ ..............293,871 ............................ ............................<br />
0400006. 1959 ADB 1958 CSO 3.5% 63-94.......................................................................................... ..................74,735 ............................ ................74,735 ............................ ............................<br />
0400007. 1959 ADB 1958 CSO 4% 40-98............................................................................................. ................220,169 ............................ ..............220,169 ............................ ............................<br />
0400008. 1959 ADB 1958 CSO 4% ISL 82-87...................................................................................... ..................25,279 ............................ ................25,279 ............................ ............................<br />
0400009. 1959 ADB 1958 CSO 4.5% 80-06.......................................................................................... .............4,282,861 ............................ ...........4,282,861 ............................ ............................<br />
0400010. 1959 ADB 1958 CSO 4.5% ISL 83-88................................................................................... ..................27,617 ............................ ................27,617 ............................ ............................<br />
0400011. 1959 ADB 1958 CSO 5% 93-94............................................................................................. .......................463 ............................ .....................463 ............................ ............................<br />
0400012. 1959 ADB 1958 CSO 5.5% 87-92.......................................................................................... .......................585 ............................ .....................585 ............................ ............................<br />
0400013. 1959 ADB 1958 CSO 6% 83-86............................................................................................. ....................1,423 ............................ ..................1,423 ............................ ............................<br />
0400014. 1959 ADB 1958 CSO ANB 3% NLP CNF 62-06.................................................................... ..................65,809 ............................ ................65,809 ............................ ............................<br />
0400015. 1959 ADB 1960 CSG 4%....................................................................................................... ..................65,211 ............................ ............................ ............................ ................65,211<br />
0400016. 1959 ADB 1980 CSO 3% 85-95............................................................................................. ....................5,426 ............................ ..................5,426 ............................ ............................<br />
0400017. 1959 ADB 1980 CSO 3% ISL 84-08 NB................................................................................ ................170,647 ............................ ..............170,647 ............................ ............................<br />
0400018. 1959 ADB 115% 1980 CSO 3% ISL 89-93............................................................................ .......................110 ............................ .....................110 ............................ ............................<br />
0400019. 1959 ADB 125% 1980 CSO 3% ISL 89-08 NB...................................................................... .......................918 ............................ .....................918 ............................ ............................<br />
0400020. 1959 ADB 2001 CSO 3% ISL 05-08 NB................................................................................ ....................1,210 ............................ ..................1,210 ............................ ............................<br />
0400021. 1959 ADB 1980 CSO 3.5% ISL 94........................................................................................ .......................152 ............................ .....................152 ............................ ............................<br />
0400022. 1959 ADB 1980 CSO 4% 79-94............................................................................................. .......................435 ............................ .....................296 ............................ .....................139<br />
0400023. 1959 ADB 1980 CSO 4% ISL 82-97...................................................................................... ..................96,529 ............................ ................96,475 ............................ .......................54<br />
0400024. 1959 ADB 1980 CSO 4.5% ISL 81-08 NB............................................................................. ..................46,490 ............................ ................46,490 ............................ ............................<br />
0400025. INTERCO DI 1941 CSO 2.5% 50-81..................................................................................... ..................37,047 ............................ ................37,047 ............................ ............................<br />
0400026. INTERCO DI 1941 CSO 3% 31-61........................................................................................ ..................30,578 ............................ ................30,578 ............................ ............................<br />
0400027. INTERCO DI 1941 CSO ANB 2.5% NLP CNF 50-61............................................................ ....................1,484 ............................ ..................1,484 ............................ ............................<br />
0499997. Totals (Gross)......................................................................................................................... .............6,754,319 .........................0 ...........6,688,915 .........................0 ................65,404<br />
0499998. Reinsurance ceded................................................................................................................ .............4,653,629 ............................ ...........4,653,629 ............................ ............................<br />
0499999. Totals (Net)............................................................................................................................. .............2,100,690 .........................0 ...........2,035,286 .........................0 ................65,404<br />
Disability - Active Lives:<br />
0500001. 1926 CLASS (3) ANB 3% NLP CNF 52-59............................................................................ ....................1,169 ............................ ..................1,169 ............................ ............................<br />
0500002. 1926 CLASS (3) MOD 1941 CSO 2.5% 59-88...................................................................... ....................2,388 ............................ ..................2,388 ............................ ............................<br />
0500003. 1952 DISABILITY STUDY ISL 83-06..................................................................................... ................641,126 ............................ ..............641,126 ............................ ............................<br />
12.7
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0500004. 1952 DISABILITY STUDY 3% NLP 76.................................................................................. ...........................3 ............................ .........................3 ............................ ............................<br />
0500005. 1952 DISABILITY STUDY 3.5% CRF 95-08 NB.................................................................... ...........10,644,342 ............................ .........10,644,342 ............................ ............................<br />
0500006. 1952 DISABILITY STUDY 1941 CSO 2.5% 60-61................................................................ .........................23 ............................ .......................23 ............................ ............................<br />
0500007. 1952 DISABILITY STUDY 1958 CSO 2.5% 49-07................................................................ ................512,747 ............................ ..............512,747 ............................ ............................<br />
0500008. 1952 DISABILITY STUDY 1958 CSO 3% 61-01................................................................... ................680,460 ............................ ..............680,460 ............................ ............................<br />
0500009. 1952 DISABILITY STUDY 1958 CSO 3% ISL 81-08 NB....................................................... .............3,559,106 ............................ ...........3,559,106 ............................ ............................<br />
0500010. 1952 DISABILITY STUDY 1958 CSO 3% NLP 70-97........................................................... ..................13,880 ............................ ................13,880 ............................ ............................<br />
0500011. 1952 DISABILITY STUDY 1958 CSO 3% NLP CNF 59-99................................................... ................315,976 ............................ ..............315,976 ............................ ............................<br />
0500012. 1952 DISABILITY STUDY 1958 CSO 3.5% 77-00................................................................ ...........11,865,514 ............................ .........11,865,514 ............................ ............................<br />
0500013. 1952 DISABILITY STUDY 1958 CSO 4% 82-88................................................................... ................275,387 ............................ ..............275,387 ............................ ............................<br />
0500014. 1952 DISABILITY STUDY 1958 CSO 4% ISL 81-89............................................................. ................242,167 ............................ ..............242,167 ............................ ............................<br />
0500015. 1952 DISABILITY STUDY 1958 CSO 4.5% ISL 82-88.......................................................... ....................5,412 ............................ ..................5,412 ............................ ............................<br />
0500016. 1952 DISABILITY STUDY 1958 CSO 4.5% NLP ISL 82-86.................................................. ..................35,428 ............................ ................35,428 ............................ ............................<br />
0500017. 1952 DISABILITY STUDY 1958 CSO 5.5% ISL 86-89.......................................................... ................109,228 ............................ ..............109,228 ............................ ............................<br />
0500018. 1952 DISABILITY STUDY 1958 CSO 6% ISL 83-86............................................................. ................351,855 ............................ ..............351,855 ............................ ............................<br />
0500019. 1952 DISABILITY STUDY 1980 CSO 3% 88-08 NB............................................................. .............2,409,581 ............................ ...........2,409,581 ............................ ............................<br />
0500020. 1952 DISABILITY STUDY 1980 CSO 3% ISL 85-05............................................................. ................198,082 ............................ ..............198,082 ............................ ............................<br />
0500021. 1952 DISABILITY STUDY 1980 CSO 3% NLP 74-95........................................................... ..................76,874 ............................ ................76,874 ............................ ............................<br />
0500022. 1952 DISABILITY STUDY 1980 CSO 3.5% ISL 83-92.......................................................... ....................1,709 ............................ ..................1,709 ............................ ............................<br />
0500023. 1952 DISABILITY STUDY 2001 CSO 4% 05-08 NB............................................................. ................606,661 ............................ ..............606,661 ............................ ............................<br />
0500024. 1952 DISABILITY STUDY 1980 CSO 4% ISL 82-08 NB....................................................... .............2,753,887 ............................ ...........2,752,580 ............................ ..................1,307<br />
0500025. 1952 DISABILITY STUDY 125% 1980 CSO 4% ISL 06-08 NB............................................. .......................110 ............................ .....................110 ............................ ............................<br />
0500026. 1952 DISABILITY STUDY 2001 CSO 4% ISL 06-08 NB....................................................... ..................30,726 ............................ ................30,726 ............................ ............................<br />
0500027. 1952 DISABILITY STUDY 1980 CSO 4% NLP 79-97........................................................... ..................66,049 ............................ ................65,756 ............................ .....................293<br />
0500028. 1952 DISABILITY STUDY 1980 CSO 4.5% 89-06................................................................ ................526,647 ............................ ..............526,647 ............................ ............................<br />
0500029. 1952 DISABILITY STUDY 1980 CSO 4.5% ISL 84-05.......................................................... .............1,280,104 ............................ ...........1,280,104 ............................ ............................<br />
0500030. 1952 DISABILITY STUDY 125% 1980 CSO 4.5% ISL 88-05................................................ ....................9,978 ............................ ..................9,978 ............................ ............................<br />
0500031. 1952 DISABILITY STUDY 115% 1980 CSO 4.5% ISL 89-96................................................ .......................480 ............................ .....................480 ............................ ............................<br />
0500032. 1952 DISABILITY STUDY 2001 CSO 4.5% ISL 05............................................................... ....................6,136 ............................ ..................6,136 ............................ ............................<br />
0500033. 1952 DISABILITY STUDY 1980 CSO 4.5% NLP ISL 95....................................................... .......................921 ............................ .....................921 ............................ ............................<br />
0500034. 1952 DISABILITY STUDY 1980 CSO 5% ISL 88-94............................................................. ................241,689 ............................ ..............241,689 ............................ ............................<br />
0500035. 1952 DISABILITY STUDY 115% 1980 CSO 5% ISL 89-94................................................... .......................982 ............................ .....................982 ............................ ............................<br />
0500036. 1952 DISABILITY STUDY 1980 CSO 5% NLP ISL 92-94..................................................... ..................32,468 ............................ ................32,468 ............................ ............................<br />
0500037. 1952 DISABILITY STUDY 1980 CSO 5.5% ISL 86-92.......................................................... ................125,927 ............................ ..............125,927 ............................ ............................<br />
0500038. 1952 DISABILITY STUDY 125% 1980 CSO 5.5% ISL 89-92................................................ ....................1,650 ............................ ..................1,650 ............................ ............................<br />
0500039. 1952 DISABILITY STUDY 1980 CSO 5.5% NLP ISL 85-91.................................................. ..................66,443 ............................ ................66,443 ............................ ............................<br />
0500040. 1952 DISABILITY STUDY 1980 CSO 6% NLP ISL 84-86..................................................... ..................30,855 ............................ ................30,855 ............................ ............................<br />
0500041. 1964 CDT 1958 CSO ANB 3% NLP CNF 68-69.................................................................... ....................2,045 ............................ ..................2,045 ............................ ............................<br />
0500042. 1985 NATIONAL NH STUDY 1980 CSO CRF 93-08 NB....................................................... ...........42,637,138 ............................ .........42,637,138 ............................ ............................<br />
0500043. 2001 CSO 4.5% CRVM.......................................................................................................... ................833,431 ............................ ..............833,431 ............................ ............................<br />
0599997. Totals (Gross)......................................................................................................................... ...........81,196,783 .........................0 .........81,195,183 .........................0 ..................1,600<br />
0599998. Reinsurance ceded................................................................................................................ ...........20,608,853 ............................ .........20,577,786 ............................ ................31,067<br />
0599999. Totals (Net)............................................................................................................................. ...........60,587,929 .........................0 .........60,617,396 .........................0 ..............(29,467)<br />
Disability - Disabled Lives:<br />
0600001. 1926 CLASS (3) 2.5% 36-03.................................................................................................. .............4,683,570 ............................ ...........4,683,570 ............................ ............................<br />
0600002. 1952 DISABILITY STUDY 2.5% 40-98.................................................................................. .............1,755,178 ............................ ...........1,755,178 ............................ ............................<br />
0600003. 1952 DISABILITY STUDY 3% 60-96..................................................................................... .............6,209,272 ............................ ...........6,209,272 ............................ ............................<br />
0600004. 1952 DISABILITY STUDY 3% ISL 81-02............................................................................... .............8,337,004 ............................ ...........8,337,004 ............................ ............................<br />
0600005. 1952 DISABILITY STUDY 3.5% 36-06.................................................................................. ...........10,964,670 ............................ .........10,964,670 ............................ ............................<br />
0600006. 1952 DISABILITY STUDY 3.5% CRF 96-07.......................................................................... ................312,140 ............................ ..............312,140 ............................ ............................<br />
0600007. 1952 DISABILITY STUDY 4%............................................................................................... .............1,926,968 ............................ ...........1,926,968 ............................ ............................<br />
0600008. 1952 DISABILITY STUDY 4% CRF 92-08............................................................................. .............7,804,977 ............................ ...........7,804,977 ............................ ............................<br />
0600009. 1952 DISABILITY STUDY 4.5%............................................................................................ .............7,488,173 ............................ ...........7,488,173 ............................ ............................<br />
0600010. 1952 DISABILITY STUDY 5%............................................................................................... .............2,356,394 ............................ ...........2,356,394 ............................ ............................<br />
0600011. 1952 DISABILITY STUDY 5.5%............................................................................................ .............2,607,076 ............................ ...........2,607,076 ............................ ............................<br />
0600012. 1952 DISABILITY STUDY 6%............................................................................................... .............1,496,657 ............................ ...........1,496,657 ............................ ............................<br />
0600013. 1952 DISABILITY STUDY 1941 CSO 2.5% 35-61................................................................ ..................56,344 ............................ ................56,344 ............................ ............................<br />
0600014. 1952 DISABILITY STUDY 1941 CSO 3% 50......................................................................... .......................347 ............................ .....................347 ............................ ............................<br />
0600015. 1952 DISABILITY STUDY 1958 CSO 3% 62-06................................................................... .............8,268,578 ..................5,000 ...........8,263,578 ............................ ............................<br />
0600016. 1952 DISABILITY STUDY 1958 CSO 3% ISL 81-96............................................................. .............5,178,694 ............................ ...........5,178,694 ............................ ............................<br />
0600017. 1952 DISABILITY STUDY 1958 CSO 4% ISL 81-89............................................................. .............1,139,567 ............................ ...........1,139,567 ............................ ............................<br />
0600018. 1952 DISABILITY STUDY 1958 CSO 4.5% 78-97................................................................ .............2,696,404 ............................ ...........2,696,404 ............................ ............................<br />
0600019. 1952 DISABILITY STUDY 1958 CSO 4.5% ISL 83-95.......................................................... .............2,393,090 ............................ ...........2,393,090 ............................ ............................<br />
0600020. 1952 DISABILITY STUDY 1958 CSO 5.5% ISL 87-88.......................................................... .............1,295,048 ............................ ...........1,295,048 ............................ ............................<br />
0600021. 1952 DISABILITY STUDY 1958 CSO 6% ISL 83-86............................................................. .............7,851,643 ............................ ...........7,851,643 ............................ ............................<br />
0600022. 1952 DISABILITY STUDY 1980 CSO 3% 91-03................................................................... .............1,712,943 ............................ ...........1,712,943 ............................ ............................<br />
0600023. 1952 DISABILITY STUDY 1980 CSO 3% ISL 85-05............................................................. .............2,205,807 ............................ ...........2,205,807 ............................ ............................<br />
0600024. 1952 DISABILITY STUDY 1980 CSO 3.5% ISL 83-92.......................................................... ..................43,749 ............................ ................43,749 ............................ ............................<br />
0600025. 1952 DISABILITY STUDY 1980 CSO 4% ISL 82-06............................................................. .............5,803,665 ............................ ...........5,802,598 ............................ ..................1,067<br />
0600026. 1952 DISABILITY STUDY 2001 CSO 4% ISL 06-08 NB....................................................... ................203,743 ............................ ..............203,743 ............................ ............................<br />
0600027. 1952 DISABILITY STUDY 1980 CSO 4.5% ISL 84-05.......................................................... .............5,762,276 ............................ ...........5,762,276 ............................ ............................<br />
0600028. 1952 DISABILITY STUDY 125% 1980 CSO 4.5% ISL 94-04................................................ ..................75,637 ............................ ................75,637 ............................ ............................<br />
0600029. 1952 DISABILITY STUDY 2001 CSO 4.5% ISL 05............................................................... ..................21,464 ............................ ................21,464 ............................ ............................<br />
0600030. 1952 DISABILITY STUDY 1980 CSO 5% ISL 88-94............................................................. .............2,052,326 ............................ ...........2,052,326 ............................ ............................<br />
0600031. 1952 DISABILITY STUDY 115% 1980 CSO 5% ISL 89-93................................................... ..................14,930 ............................ ................14,930 ............................ ............................<br />
0600032. 1952 DISABILITY STUDY 1980 CSO 5.5% ISL 87-91.......................................................... ................269,655 ............................ ..............269,655 ............................ ............................<br />
0600033. 1952 DISABILITY STUDY 125% 1980 CSO 5.5% ISL 92..................................................... ....................9,763 ............................ ..................9,763 ............................ ............................<br />
0600034. 1964 CDT 3% 74-03.............................................................................................................. ..................27,629 ............................ ................27,629 ............................ ............................<br />
0600035. 1970 INTERCO DISA 4%...................................................................................................... ...........81,230,471 ............................ ............................ ............................ .........81,230,471<br />
0600036. 1970 INTERCO DISA 4.5%................................................................................................... ...........96,716,912 ............................ ............................ ............................ .........96,716,912<br />
0600037. 1970 INTERCO DISA 5%...................................................................................................... .............3,089,885 ............................ ............................ ............................ ...........3,089,885<br />
0600038. 1970 INTERCO DISA 5.5%................................................................................................... .............4,935,316 ............................ ............................ ............................ ...........4,935,316<br />
0600039. 1970 INTERCO DISA 6%...................................................................................................... .............4,124,489 ............................ ............................ ............................ ...........4,124,489<br />
0699997. Totals (Gross)......................................................................................................................... .........293,122,454 ..................5,000 .......103,019,314 .........................0 .......190,098,140<br />
0699998. Reinsurance ceded................................................................................................................ ...........29,469,019 ............................ .........18,359,475 ............................ .........11,109,544<br />
0699999. Totals (Net)............................................................................................................................. .........263,653,435 ..................5,000 .........84,659,839 .........................0 .......178,988,596<br />
Miscellaneous Reserves:<br />
0700001. Additional Policy Reserves..................................................................................................... ...........31,281,019 ............................ .........31,281,019 ............................ ............................<br />
0700002. GMDB - Annuities................................................................................................................... .........778,644,412 ............................ .......778,370,425 ............................ ..............273,987<br />
0700003. GMDB - <strong>Life</strong> 99-08 NB........................................................................................................... ...........95,874,316 ............................ .........95,874,316 ............................ ............................<br />
0700004. Accelerated Benefit Rider....................................................................................................... ................213,579 ............................ ..............213,579 ............................ ............................<br />
0700005. GLB........................................................................................................................................ .........319,199,088 ............................ .......319,199,088 ............................ ............................<br />
0700006. Survivor Income B56 RR Ret Bd............................................................................................ ...........36,104,767 ............................ ............................ ............................ .........36,104,767<br />
0700007. Additional Reserve for Rider Guarantees............................................................................... ................854,286 ............................ ..............854,286 ............................ ............................<br />
0700008. Extra Mort on Group Conv..................................................................................................... ................545,624 ............................ ............................ ............................ ..............545,624<br />
0700009. Immediate Payment of Claims............................................................................................... .............3,049,984 ............................ ...........3,049,984 ............................ ............................<br />
0700010. For excess of valuation net premiums over corresponding gross premiums on respective policies, ......1,043,462,907 computed according ............................ to the standard ....1,041,966,415 of valuation required ............................ by this state 60-08 ...........1,496,492 NB<br />
12.8
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - AGGREGATE RESERVE FOR LIFE CONTRACTS<br />
1 2 3 4 5 6<br />
Credit<br />
(Group and<br />
Valuation Standard Total Industrial Ordinary Individual) Group<br />
0700011. For non-deduction of deferred fractional premiums or return of premiums at the death of the ...........22,457,615 insured 83-07 ............................ .........22,456,376 ............................ ..................1,239<br />
0700012. For surrender values in excess of reserves otherwise required and carried in this schedule .........482,012,992 ............................ .......481,995,676 ............................ ................17,316<br />
0700013. Additional actuarial reserves - asset/liability analysis............................................................. .........120,000,000 ............................ .......120,000,000 ............................ ............................<br />
0700014. Extra Reserve for Substandard.............................................................................................. .........115,631,517 ............................ .......115,631,517 ............................ ............................<br />
0700015. NY Reg 20 Reserve............................................................................................................... ...........20,000,000 ............................ .........20,000,000 ............................ ............................<br />
0799997. Totals (Gross)......................................................................................................................... ......3,069,332,106 .........................0 ....3,030,892,681 .........................0 .........38,439,425<br />
0799998. Reinsurance ceded................................................................................................................ ......1,742,450,450 ............................ ....1,742,450,450 ............................ ............................<br />
0799999. Totals (Net)............................................................................................................................. ......1,326,881,656 .........................0 ....1,288,442,231 .........................0 .........38,439,425<br />
9999999. Totals (Net) - Page 3, Line 1.................................................................................................. ....54,299,973,024 .........30,973,332 ..46,718,381,216 .........................0 ....7,550,618,476<br />
12.9
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 5 - INTERROGATORIES<br />
1.1 Has the reporting entity ever issued both participating and non-participating contracts? Yes [ X ] No [ ]<br />
1.2 If not, state which kind is issued..........<br />
2.1 Does the reporting entity at present issue both participating and non-participating contracts? Yes [ ] No [ X ]<br />
2.2 If not, state which kind is issued.......... NON-PARTICIPATING<br />
3. Does the reporting entity at present issue or have in force contracts that contain non-guaranteed elements? Yes [ X ] No [ ]<br />
If so, attach a statement that contains the determination procedures, answers to the interrogatories and an actuarial opinion as<br />
described in the instructions.<br />
4. Has the reporting entity any assessment or stipulated premium contracts in force? If so, state: Yes [ ] No [ X ]<br />
4.1 Amount of insurance: $.........................................<br />
4.2 Amount of reserve: $.........................................<br />
4.3 Basis of reserve:<br />
4.4 Basis of regular assessments:<br />
4.5 Basis of special assessments:<br />
4.6 Assessments collected during year: $.........................................<br />
5. If the contract loan interest rate guaranteed in any one or more of its currently issued contracts is less than 5%, not in advance, state the<br />
contract loan rate guarantees on any such contracts.<br />
6. Does the reporting entity hold reserves for any annuity contracts that are less than the reserves that would be held on a standard basis? Yes [ ] No [ X ]<br />
6.1 If so, state the amount of reserve on such contracts on the basis actually held: $.........................................<br />
6.2 That would have been held (on an exact or approximate basis) using the actual ages of the annuitants; the interest rate(s) used in 6.1; and<br />
the same mortality basis used by the reporting entity for the valuation of comparable annuity benefits issued to standard lives. If the reporting entity<br />
has no comparable annuity benefits for standard lives to be valued, the mortality basis shall be the table most recently approved by the<br />
state of domicile for valuing individual annuity benefits: $.........................................<br />
Attach statement of methods employed in their valuation.<br />
7. Does the reporting entity have any Synthetic GIC contracts or agreements in effect as of December 31 of the current year? Yes [ ] No [ X ]<br />
7.1 If yes, state the total dollar amount of assets covered by these contracts or agreements: $.........................................<br />
7.2 Specify the basis (fair value, amortized cost, etc.) for determining the amount:<br />
7.3 State the amount of reserves established for this business: $.........................................<br />
7.4 Identify where the reserves are reported in the blank.<br />
EXHIBIT 5A - CHANGES IN BASES OF VALUATION DURING THE YEAR<br />
1 Valuation Basis 4<br />
2 3 Increase in Actuarial<br />
Description of Valuation Class Changed From Changed To Reserve Due To Change<br />
LIFE CONTRACTS (Including supplementary contracts set up on a basis<br />
other than that used to determine benefits) (Exhibit 5)<br />
0100001. Ordinary <strong>Life</strong> <strong>Insurance</strong> - Legacy <strong>Lincoln</strong> UL, pre 2007 issue dates............. 2001 CSO Mortality................................. 2001 CSO Preferred Mortality.................. ........................15,944,947<br />
0100002. Ordinary <strong>Life</strong> <strong>Insurance</strong> - Legacy JP (JPL) UL, all issue dates..................... 2001 CSO Mortality................................. 2001 CSO Preferred Mortality.................. ........................27,729,929<br />
0100003. Ordinary <strong>Life</strong> <strong>Insurance</strong> - Legacy JP (JPFIC) Traditional, all issue dates..... 2001 CSO Mortality................................. 2001 CSO Preferred Mortality.................. ..........................9,967,991<br />
0199999. Subtotal (Page 7, Line 6).............................................................................. .......................XXX................................... .......................XXX................................... ........................53,642,867<br />
9999999. Total (Column 4 only).................................................................................... ..................................................................................................................................... ........................53,642,867<br />
13
14<br />
Annual Statement for the year 2008 of the<br />
ACTIVE LIFE RESERVE<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 6 - AGGREGATE RESERVES FOR ACCIDENT AND HEALTH CONTRACTS<br />
1 2 3 4 Other Individual Contracts<br />
Credit Accident 5 6 7 8 9<br />
Group and Health Non-Renewable<br />
Accident (Group and Collectively Non- Guaranteed for Stated Other Accident<br />
Total and Health Individual) Renewable Cancelable Renewable Reasons Only Only All Other<br />
1. Unearned premium reserves............................................................................... .....................30,905,636 ..........................564,644 .....................11,024,538 ..............................5,920 .....................15,286,564 .......................3,682,047 ............................92,578 ..........................247,155 ..............................2,190<br />
2. Additional contract reserves (a)........................................................................... ...................417,897,841 ..............................9,778 ......................................... ..........................233,798 ...................297,014,839 .....................77,770,138 .......................3,198,200 .....................34,649,540 .......................5,021,548<br />
3. Additional actuarial reserves - Asset/Liability analysis........................................ ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
4. Reserve for future contingent benefits................................................................ ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
5. Reserve for rate credits........................................................................................ ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
6. Aggregate write-ins for reserves.......................................................................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .....................................0<br />
7. Totals (Gross)...................................................................................................... ...................448,803,477 ..........................574,422 .....................11,024,538 ..........................239,718 ...................312,301,403 .....................81,452,185 .......................3,290,778 .....................34,896,695 .......................5,023,738<br />
8. Reinsurance ceded.............................................................................................. ...................397,977,388 ......................................... .....................11,024,538 ......................................... ...................269,976,702 .....................73,831,083 .......................3,290,778 .....................34,896,429 .......................4,957,858<br />
9. Totals (Net).......................................................................................................... .....................50,826,089 ..........................574,422 ......................................0 ..........................239,718 .....................42,324,701 .......................7,621,102 ......................................0 .................................266 ............................65,880<br />
CLAIM RESERVE<br />
10. Present value of amounts not yet due on claims................................................ ................2,742,968,185 ................1,278,917,842 ......................................... .......................2,669,034 ................1,329,684,181 ...................110,079,439 ..........................885,372 ..........................634,072 .....................20,098,245<br />
11. Additional actuarial reserves - Asset/Liability analysis........................................ ......................................0 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
12. Reserve for future contingent benefits................................................................ .......................2,056,805 .......................2,056,805 ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
13. Aggregate write-ins for reserves.......................................................................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .....................................0<br />
14. Totals (Gross)...................................................................................................... ................2,745,024,990 ................1,280,974,647 ......................................0 .......................2,669,034 ................1,329,684,181 ...................110,079,439 ..........................885,372 ..........................634,072 .....................20,098,245<br />
15. Reinsurance ceded.............................................................................................. ................1,561,355,367 ...................177,936,557 ......................................... ......................................... ................1,257,350,769 ...................104,450,352 ..........................885,372 ..........................634,072 .....................20,098,245<br />
16. Totals (Net).......................................................................................................... ................1,183,669,623 ................1,103,038,090 ......................................0 .......................2,669,034 .....................72,333,412 .......................5,629,087 ......................................0 ......................................0 .....................................0<br />
17. TOTALS (Net)...................................................................................................... ................1,234,495,712 ................1,103,612,512 ......................................0 .......................2,908,752 ...................114,658,113 .....................13,250,189 ......................................0 .................................266 ............................65,880<br />
18. TABULAR FUND INTEREST.............................................................................. .....................50,293,209 .....................45,517,657 ......................................... ............................90,537 .......................4,264,217 ..........................420,793 ......................................... ......................................... .....................................5<br />
DETAILS OF WRITE-INS<br />
0601. .............................................................................................................................. ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
0602. .............................................................................................................................. ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
0603. .............................................................................................................................. ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
0698. Summary of remaining write-ins for Line 6 from overflow page......................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .....................................0<br />
0699. Totals (Lines 0601 thru 0603 plus 0698) (Line 6 above).................................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .....................................0<br />
1301. .............................................................................................................................. ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
1302. .............................................................................................................................. ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
1303. .............................................................................................................................. ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ......................................... ........................................<br />
1398. Summary of remaining write-ins for Line 13 from overflow page....................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .....................................0<br />
1399. Totals (Lines 1301 thru 1303 + 1398) (Line 13 above)...................................... ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 ......................................0 .....................................0<br />
(a) Attach statement as to valuation standard used in calculating this reserve, specifying reserve bases, interest rates and methods.
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 7 - DEPOSIT-TYPE CONTRACTS<br />
1 2 3 4 5 6<br />
Guaranteed Dividend Premium and<br />
Interest Annuities Supplemental Accumulations Other Deposit<br />
Total Contracts Certain Contracts or Refunds Funds<br />
1. Balance at the beginning of the year before reinsurance.......................................................................................... .............................1,409,348,192 ..................................................... ....................................5,849,947 ................................115,968,383 ................................339,843,850 ................................947,686,012<br />
2. Deposits received during the year............................................................................................................................. .............................2,303,603,936 ..................................................... ..................................................... ..................................36,661,822 ....................................5,864,270 .............................2,261,077,844<br />
3. Investment earnings credited to the account............................................................................................................. ..................................41,032,803 ..................................................... .......................................295,175 ....................................3,961,802 ..................................10,698,493 ..................................26,077,333<br />
4. Other net change in reserves..................................................................................................................................... ......................................(341,557) ..................................................... ..................................................... ......................................(339,572) ..................................................... ..........................................(1,985)<br />
5. Fees and other charges assessed............................................................................................................................. ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................<br />
6. Surrender charges..................................................................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................<br />
7. Net surrender or withdrawal payments...................................................................................................................... .............................2,538,280,943 ..................................................... .......................................126,964 ..................................36,408,453 ..................................22,673,263 .............................2,479,072,263<br />
8. Other net transfers to or (from) Separate Accounts................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................<br />
9. Balance at the end of current year before reinsurance (Lines 1 + 2 + 3 + 4 - 5 - 6 - 7 - 8)........................................ .............................1,215,362,431 ..................................................0 ....................................6,018,158 ................................119,843,982 ................................333,733,350 ................................755,766,941<br />
15<br />
10. Reinsurance balance at the beginning of the year..................................................................................................... ..........................................(2,229) ..................................................... ..................................................... ..........................................(2,229) ..................................................... .....................................................<br />
11. Net change in reinsurance assumed......................................................................................................................... ..................................................0 ..................................................... ..................................................... ..................................................... ..................................................... .....................................................<br />
12. Net change in reinsurance ceded.............................................................................................................................. ....................................2,305,043 ..................................................... ..................................................... ....................................2,305,043 ..................................................... .....................................................<br />
13. Reinsurance balance at the end of the year (Lines 10 + 11 - 12).............................................................................. ...................................(2,307,272) ..................................................0 ..................................................0 ...................................(2,307,272) ..................................................0 ..................................................0<br />
14. Net balance at the end of the current year after reinsurance (Lines 9 + 13)............................................................. .............................1,213,055,159 ..................................................0 ....................................6,018,158 ................................117,536,710 ................................333,733,350 ................................755,766,941
16<br />
Annual Statement for the year 2008 of the<br />
1. Due and unpaid:<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 8 - CLAIMS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS<br />
PART 1 - Liability End of Current Year<br />
1 2 Ordinary 6 Group Accident and Health<br />
3 4 5 7 8 9 10 11<br />
Credit <strong>Life</strong><br />
Credit<br />
Industrial <strong>Life</strong> Individual Supplementary (Group and <strong>Life</strong> (Group and<br />
Total <strong>Life</strong> <strong>Insurance</strong> Annuities Contracts Individual) <strong>Insurance</strong> Annuities Group Individual) Other<br />
1.1 Direct..................................................................................... .....................569,844 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... .....................569,844<br />
1.2 Reinsurance assumed.......................................................... ............................748 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ............................748<br />
1.3 Reinsurance ceded............................................................... .....................569,844 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... .....................569,844<br />
1.4 Net........................................................................................ ............................748 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ................................0 ............................748<br />
2. In course of settlement:<br />
2.1 Resisted:<br />
2.11 Direct................................................................................... ..................9,800,000 ................................... ..................9,800,000 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................<br />
2.12 Reinsurance assumed........................................................ .....................773,661 ................................... .....................773,661 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................<br />
2.13 Reinsurance ceded............................................................. ................................0 ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................<br />
2.14 Net...................................................................................... ................10,573,661 ................................0 (b)............10,573,661 (b)............................0 ................................0 (b)............................0 (b)............................0 ................................0 ................................0 ................................0 ................................0<br />
2.2 Other:<br />
2.21 Direct................................................................................... ..............280,722,354 .......................31,286 ..............223,200,325 ..................1,337,983 ................................... ................................... ................20,482,156 ..................8,241,663 ................23,152,020 ................................... ..................4,276,921<br />
2.22 Reinsurance assumed........................................................ ..............377,210,318 ................................... ..............322,218,921 .......................73,240 ................................... ..................1,175,852 ..................1,633,049 .......................36,250 ................24,665,071 ..................2,460,830 ................24,947,105<br />
2.23 Reinsurance ceded............................................................. ..............389,061,928 ................................... ..............419,377,611 .......................61,951 ................................... ..................1,175,852 ..................6,436,867 .......................36,250 ...............(56,401,947) ..................2,460,830 ................15,914,514<br />
2.24 Net...................................................................................... ..............268,870,744 .......................31,286 (b)..........126,041,635 (b)..............1,349,272 ................................0 (b)............................0 (b)............15,678,338 ..................8,241,663 (b)..........104,219,038 (b)............................0 (b)............13,309,512<br />
3. Incurred but unreported:<br />
3.1 Direct..................................................................................... ..............131,495,538 .....................200,000 ................25,110,232 ................................... ................................... ............................728 ................84,430,159 ................................... ................19,579,238 ................................... ..................2,175,181<br />
3.2 Reinsurance assumed.......................................................... ..............319,031,702 ................................... ..............104,911,373 ................................... ................................... ..................1,077,714 ..................1,318,335 ................................... ..............188,300,388 ..................8,929,244 ................14,494,648<br />
3.3 Reinsurance ceded............................................................... ..............324,642,028 ................................... ..............102,218,177 ................................... ................................... ..................1,078,442 ..................8,408,646 ................................... ..............188,310,144 ..................8,929,244 ................15,697,375<br />
3.4 Net........................................................................................ ..............125,885,212 .....................200,000 (b)............27,803,428 (b)............................0 ................................0 (b)............................0 (b)............77,339,848 ................................0 (b)............19,569,482 (b)............................0 (b).................972,454<br />
4. Totals:<br />
4.1 Direct..................................................................................... ..............422,587,736 .....................231,286 ..............258,110,557 ..................1,337,983 ................................0 ............................728 ..............104,912,315 ..................8,241,663 ................42,731,258 ................................0 ..................7,021,946<br />
4.2 Reinsurance assumed.......................................................... ..............697,016,429 ................................0 ..............427,903,955 .......................73,240 ................................0 ..................2,253,566 ..................2,951,384 .......................36,250 ..............212,965,459 ................11,390,074 ................39,442,501<br />
4.3 Reinsurance ceded............................................................... ..............714,273,800 ................................0 ..............521,595,788 .......................61,951 ................................0 ..................2,254,294 ................14,845,513 .......................36,250 ..............131,908,197 ................11,390,074 ................32,181,733<br />
4.4 Net........................................................................................ ..............405,330,365 (a).................231,286 (a)..........164,418,724 ..................1,349,272 ................................0 ................................0 (a)............93,018,186 ..................8,241,663 ..............123,788,520 ................................0 ................14,282,714<br />
(a) Including matured endowments (but not guaranteed annual pure endowments) unpaid amounting to $..........0 in Column 2, $..........0 in Column 3 and $..........0 in Column 7.<br />
(b) Include only portion of disability and accident and health claim liabilities applicable to assumed "accrued" benefits. Reserves (including reinsurance assumed and net of reinsurance ceded) for unaccrued benefits for<br />
Ordinary <strong>Life</strong> <strong>Insurance</strong> $.....84,659,839, Individual Annuities $...........0, Credit <strong>Life</strong> (Group and Individual) $..........0, and Group <strong>Life</strong> $.....178,988,596,<br />
are included in Page 3, Line 1, (See Exhibit 5, Section on Disability Disabled Lives); and for Group Accident and Health $.....1,103,038,090, Credit (Group and Individual) Accident and Health $..........0 and Other Accident and Health $.....80,631,533<br />
are included in Page 3, Line 2, (See Exhibit 6, Claim Reserve).
17<br />
Annual Statement for the year 2008 of the<br />
1. Settlements during the year:<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT 8 - CLAIMS FOR LIFE AND ACCIDENT AND HEALTH CONTRACTS<br />
PART 2 - Incurred During the Year<br />
1 2 Ordinary 6 Group Accident and Health<br />
3 4 5 7 8 9 10 11<br />
Industrial <strong>Life</strong> Credit <strong>Life</strong> <strong>Life</strong> Credit<br />
<strong>Life</strong> <strong>Insurance</strong> Individual Supplementary (Group and <strong>Insurance</strong> (Group and<br />
Total (a) (b) Annuities Contracts Individual) (c) Annuities Group Individual) Other<br />
1.1 Direct....................................................................................................... ..........3,069,962,607 ....................799,707 ..........1,330,025,613 .............506,251,531 ...............13,807,963 ......................31,111 .............350,234,837 .............152,040,613 .............633,476,440 .................................. ...............83,294,792<br />
1.2 Reinsurance assumed............................................................................ ..........1,698,250,356 .................................. ..........1,218,177,223 .................4,497,651 ....................288,830 .................5,199,692 .................5,479,167 .................................. .............311,941,921 ...............10,648,983 .............142,016,889<br />
1.3 Reinsurance ceded................................................................................. ..........2,305,609,599 .................................. ..........1,638,076,111 .............125,164,885 .................................. .................5,230,803 .................5,469,195 .................................. .............316,669,172 ...............10,648,983 .............204,350,450<br />
1.4 Net.......................................................................................................... (d).....2,462,603,364 ....................799,707 .............910,126,725 .............385,584,297 ...............14,096,793 ...............................0 .............350,244,809 .............152,040,613 .............628,749,189 ...............................0 ...............20,961,231<br />
2. Liability December 31, current year from Part 1:<br />
2.1 Direct....................................................................................................... .............422,587,736 ....................231,286 .............258,110,557 .................1,337,983 .................................. ...........................728 .............104,912,315 .................8,241,663 ...............42,731,258 .................................. .................7,021,946<br />
2.2 Reinsurance assumed............................................................................ .............697,016,429 .................................. .............427,903,955 ......................73,240 .................................. .................2,253,566 .................2,951,384 ......................36,250 .............212,965,459 ...............11,390,074 ...............39,442,501<br />
2.3 Reinsurance ceded................................................................................. .............714,273,800 .................................. .............521,595,788 ......................61,951 .................................. .................2,254,294 ...............14,845,513 ......................36,250 .............131,908,197 ...............11,390,074 ...............32,181,733<br />
2.4 Net.......................................................................................................... .............405,330,365 ....................231,286 .............164,418,724 .................1,349,272 ...............................0 ...............................0 ...............93,018,186 .................8,241,663 .............123,788,520 ...............................0 ...............14,282,714<br />
3. Amounts recoverable from reinsurers December 31, current year................ .............162,258,042 .................................. ...............52,911,158 ...............21,039,953 .................................. .................................. ....................730,060 .................................. ...............82,435,681 .................................. .................5,141,190<br />
4. Liability December 31, prior year:<br />
4.1 Direct....................................................................................................... .............364,858,657 ....................250,231 .............207,062,030 .................4,767,244 .................................. ...........................939 ...............98,475,287 .................6,971,760 ...............40,145,794 .................................. .................7,185,372<br />
4.2 Reinsurance assumed............................................................................ .............746,931,591 .................................. .............395,476,289 ....................359,295 .................................. .................3,693,605 .................3,356,805 ......................19,498 .............280,775,279 ...............17,772,403 ...............45,478,417<br />
4.3 Reinsurance ceded................................................................................. .............764,108,908 .................................. .............470,798,024 .................1,177,369 .................................. .................3,694,544 ...............13,417,664 ......................19,498 .............222,277,281 ...............17,772,403 ...............34,952,125<br />
4.4 Net.......................................................................................................... .............347,681,340 ....................250,231 .............131,740,295 .................3,949,170 ...............................0 ...............................0 ...............88,414,428 .................6,971,760 ...............98,643,792 ...............................0 ...............17,711,664<br />
5. Amounts recoverable from reinsurers December 31, prior year.................... .............151,346,989 .................................. ...............84,183,312 .................1,026,750 .................................. .................................. .................2,021,434 .................................. ...............59,830,698 .................................. .................4,284,795<br />
6. Incurred benefits:<br />
6.1 Direct....................................................................................................... ..........3,127,691,686 ....................780,762 ..........1,381,074,140 .............502,822,270 ...............13,807,963 ......................30,900 .............356,671,865 .............153,310,516 .............636,061,904 ...............................0 ...............83,131,366<br />
6.2 Reinsurance assumed............................................................................ ..........1,648,335,194 ...............................0 ..........1,250,604,889 .................4,211,596 ....................288,830 .................3,759,653 .................5,073,746 ......................16,752 .............244,132,101 .................4,266,654 .............135,980,973<br />
6.3 Reinsurance ceded................................................................................. ..........2,266,685,544 ...............................0 ..........1,657,601,721 .............144,062,670 ...............................0 .................3,790,553 .................5,605,670 ......................16,752 .............248,905,071 .................4,266,654 .............202,436,453<br />
6.4 Net.......................................................................................................... ..........2,509,341,336 ....................780,762 .............974,077,308 .............362,971,196 ...............14,096,793 ...............................0 .............356,139,941 .............153,310,516 .............631,288,934 ...............................0 ...............16,675,886<br />
(a) Including matured endowments (but not guaranteed annual pure endowments) amounting to $.....184,932 in Line 1.1, $.....184,932 in Line 1.4, $.....184,932 in Line 6.1 and $.....184,932 in line 6.4.<br />
(b) Including matured endowments (but not guaranteed annual pure endowments) amounting to $.....5,083,555 in Line 1.1, $.....5,083,555 in Line 1.4, $.....5,083,555 in Line 6.1 and $.....5,083,555 in line 6.4.<br />
(c) Including matured endowments (but not guaranteed annual pure endowments) amounting to $..........0 in Line 1.1, $..........0 in Line 1.4, $..........0 in Line 6.1 and $..........0 in line 6.4.<br />
(d) Includes $..........0 premiums waived under total and permanent disability benefits.
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT OF NONADMITTED ASSETS<br />
1 2 3<br />
Current Year Prior Year Change in Total<br />
Total Total Nonadmitted Assets<br />
Nonadmitted Assets Nonadmitted Assets (Col. 2 - Col. 1)<br />
1. Bonds (Schedule D)................................................................................................................... .................................................. .................................................. ...............................................0<br />
2. Stocks (Schedule D):<br />
2.1 Preferred stocks............................................................................................................... .................................................. .................................................. ...............................................0<br />
2.2 Common stocks............................................................................................................... .................................................. .................................................. ...............................................0<br />
3. Mortgage loans on real estate (Schedule B):<br />
3.1 First liens.......................................................................................................................... .................................................. .................................................. ...............................................0<br />
3.2 Other than first liens........................................................................................................ .................................................. .................................................. ...............................................0<br />
4. Real estate (Schedule A):<br />
4.1 Properties occupied by the company.............................................................................. .................................................. .................................................. ...............................................0<br />
4.2 Properties held for the production of income.................................................................. .............................................70 .............................................70 ...............................................0<br />
4.3 Properties held for sale................................................................................................... .................................................. .................................................. ...............................................0<br />
5. Cash (Schedule E-Part 1), cash equivalents (Schedule E-Part 2)<br />
and short-term investments (Schedule DA).............................................................................. .................................................. .................................................. ...............................................0<br />
6. Contract loans............................................................................................................................ ....................................560,041 ....................................389,307 ...................................(170,734)<br />
7. Other invested assets (Schedule BA)....................................................................................... ....................................207,659 .................................1,699,281 .................................1,491,622<br />
8. Receivables for securities.......................................................................................................... .................................................. .................................................. ...............................................0<br />
9. Aggregate write-ins for invested assets.................................................................................... ...............................................0 ...............................................0 ...............................................0<br />
10. Subtotals, cash and invested assets (Lines 1 to 9)................................................................... ....................................767,770 .................................2,088,658 .................................1,320,888<br />
11. Title plants (for Title insurers only)............................................................................................ .................................................. .................................................. ...............................................0<br />
12. Investment income due and accrued........................................................................................ ......................................37,820 ....................................330,195 ....................................292,375<br />
13. Premiums and considerations:<br />
13.1 Uncollected premiums and agents' balances in the course of collection....................... ...............................13,290,327 .................................2,035,757 .............................(11,254,570)<br />
13.2 Deferred premiums, agents' balances and installments booked but<br />
deferred and not yet due................................................................................................. .................................................. .................................................. ...............................................0<br />
13.3 Accrued retrospective premiums..................................................................................... .................................................. .................................................. ...............................................0<br />
14. Reinsurance:<br />
14.1 Amounts recoverable from reinsurers............................................................................. .................................................. .................................................. ...............................................0<br />
14.2 Funds held by or deposited with reinsured companies.................................................. .................................................. .................................................. ...............................................0<br />
14.3 Other amounts receivable under reinsurance contracts................................................. .................................................. .................................................. ...............................................0<br />
15. Amounts receivable relating to uninsured plans....................................................................... .................................................. .................................................. ...............................................0<br />
16.1 Current federal and foreign income tax recoverable and interest thereon............................... .................................................. .................................................. ...............................................0<br />
16.2 Net deferred tax asset............................................................................................................... .............................828,145,637 .............................890,568,737 ...............................62,423,100<br />
17. Guaranty funds receivable or on deposit.................................................................................. .................................................. .................................................. ...............................................0<br />
18. Electronic data processing equipment and software................................................................ .............................111,533,215 ...............................68,358,690 .............................(43,174,525)<br />
19. Furniture and equipment, including health care delivery assets.............................................. ...............................61,185,911 ...............................58,322,928 ...............................(2,862,983)<br />
20. Net adjustment in assets and liabilities due to foreign exchange rates.................................... .................................................. .................................................. ...............................................0<br />
21. Receivables from parent, subsidiaries and affiliates................................................................. .................................................. ....................................937,373 ....................................937,373<br />
22. Health care and other amounts receivable............................................................................... .................................................. .................................3,631,211 .................................3,631,211<br />
23. Aggregate write-ins for other than invested assets................................................................... ...............................36,743,433 ...............................25,496,192 .............................(11,247,241)<br />
24. Total assets excluding Separate Accounts, Segregated Accounts and Protected<br />
Cell Accounts (Lines 10 through 23)......................................................................................... .........................1,051,704,113 .........................1,051,769,741 ......................................65,628<br />
25. From Separate Accounts, Segregated Accounts and Protected Cell Accounts...................... .................................................. .................................................. ...............................................0<br />
26. TOTALS (Lines 24 and 25)....................................................................................................... .........................1,051,704,113 .........................1,051,769,741 ......................................65,628<br />
DETAILS OF WRITE-INS<br />
0901. ................................................................................................................................................... .................................................. .................................................. ...............................................0<br />
0902. ................................................................................................................................................... .................................................. .................................................. ...............................................0<br />
0903. ................................................................................................................................................... .................................................. .................................................. ...............................................0<br />
0998. Summary of remaining write-ins for Line 9 from overflow page............................................... ...............................................0 ...............................................0 ...............................................0<br />
0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above).......................................................... ...............................................0 ...............................................0 ...............................................0<br />
2301. Miscellaneous receivables & prepaid items.............................................................................. ...............................36,743,433 ...............................25,496,192 .............................(11,247,241)<br />
2302. ................................................................................................................................................... .................................................. .................................................. ...............................................0<br />
2303. ................................................................................................................................................... .................................................. .................................................. ...............................................0<br />
2398. Summary of remaining write-ins for Line 23 from overflow page............................................. ...............................................0 ...............................................0 ...............................................0<br />
2399. Totals (Lines 2301 thru 2303 plus 2398) (Line 23 above)........................................................ ...............................36,743,433 ...............................25,496,192 .............................(11,247,241)<br />
18
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
NOTES TO FINANCIAL STATEMENTS<br />
1. Summary of Significant Accounting Policies<br />
A. Accounting Practices<br />
<strong>The</strong> financial statements of the <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>, (“the <strong>Company</strong>”), are presented on the basis of accounting practices<br />
prescribed or permitted by the Indiana Department of <strong>Insurance</strong>.<br />
<strong>The</strong> Indiana Department of <strong>Insurance</strong> (the Department) recognizes only statutory accounting practices prescribed or permitted by the state of<br />
Indiana for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency<br />
under the Indiana <strong>Insurance</strong> Law. <strong>The</strong> <strong>National</strong> Association of <strong>Insurance</strong> Commissioners' (NAIC) Accounting Practices and Procedures<br />
Manual (NAIC SAP) has been adopted as a component of prescribed or permitted practices by the state of Indiana. <strong>The</strong> state has adopted<br />
certain prescribed accounting practices that differ from those found in NAIC SAP. Specifically, the <strong>Company</strong> calculates universal life (UL)<br />
reserves based on the Indiana UL Method for some blocks. <strong>The</strong> NAIC Accounting Practices and Procedures manual prescribe the use of UL<br />
Model reserves. <strong>The</strong> <strong>Company</strong> also uses a more conservative valuation interest rate in the On Benefit SPIAs than required by NAIC SAP.<br />
<strong>The</strong> <strong>Company</strong> utilizes certain accounting practices permitted by the state of Indiana. One is the use of a longer period over which potential tax<br />
benefits are projected to be realized along with a higher statutory capital and surplus limitation compared to NAIC SAP for determining the<br />
admissibility of deferred tax assets. <strong>The</strong> second is the application of 2001 CSO preferred mortality tables to earlier policy issue dates and in<br />
the determination of segments compared to NAIC SAP.<br />
A reconciliation of the <strong>Company</strong>’s net income and capital and surplus between NAIC SAP and practices prescribed and permitted by the state<br />
of Indiana is shown below.<br />
2008 2007<br />
Net Income (Loss), Indiana State Basis $ (144,792,789) $ 1,204,807,938<br />
State Prescribed Practice:<br />
Universal <strong>Life</strong> Reserves Calculated on Indiana UL Method (42,734,615) (18,935,464)<br />
Conservative Valuation Interest Rate for On Benefit SPIAs (2,246,498) (392,828)<br />
State Permitted Practice:<br />
Use of 2001 CSO preferred mortality tables 5,547,487 -<br />
Net Income, NAIC SAP $ (184,226,415) $ 1,185,479,646<br />
Statutory Capital & Surplus, Indiana State Basis $ 4,585,435,185 $ 4,957,875,132<br />
State Prescribed Practice:<br />
Universal <strong>Life</strong> Reserves Calculated on Indiana UL Method (288,608,676) (245,874,061)<br />
Conservative Valuation Interest Rate for On Benefit SPIAs 11,448,778 13,695,276<br />
State Permitted Practice:<br />
Use of 2001 CSO preferred mortality tables (15,732,664) -<br />
Increase in limits for admissibility of deferred tax assets (297,710,347) -<br />
Statutory Surplus, NAIC SAP $ 3,994,832,276 $ 4,725,696,347<br />
B. Use of Estimates in the Preparation of the <strong>Financial</strong> Statements<br />
<strong>The</strong> preparation of financial statements in conformity with Statutory Accounting Principles requires management to make estimates and<br />
assumptions that affect the reported amounts of assets and liabilities. It also requires disclosure of contingent assets and liabilities at the date<br />
of the financial statement and reported amounts of revenue and expenses during the period. Actual results could differ from those estimates.<br />
C. Accounting Policy<br />
<strong>Life</strong> premiums are recognized as income over the premium paying period of the related policies. Annuity considerations are recognized as<br />
revenue when received. Health premiums are earned ratably over the terms of the related insurance and reinsurance contracts or policies.<br />
Expenses incurred in connection with acquiring new insurance business, including acquisition costs such as sales commissions, are charged to<br />
operations as incurred.<br />
<strong>The</strong> amount of dividends to be paid to policyholders is determined annually by the <strong>Company</strong>'s Board of Directors of the issuing company. <strong>The</strong><br />
aggregate amount of policyholders' dividends is related to the actual experience and expected future level of interest, mortality, persistency,<br />
morbidity, and expense experience and judgment as to the appropriate level of statutory surplus to be retained by the <strong>Company</strong>.<br />
In addition, the <strong>Company</strong> uses the following accounting policies:<br />
(1) Short-term investments are valued at amortized cost.<br />
(2) Bonds that have been rated 1-5 by the Securities Valuation Office (SVO) of the NAIC are valued at amortized cost using the<br />
scientific method of amortization. Bonds in or near default (rating of 6) are reported at lower of amortized cost or market value.<br />
(3) Unaffiliated common stocks are valued at market.<br />
(4) Preferred stocks are valued based on the quality rating of the security as assigned by the Securities Valuation Office. Preferred<br />
stocks with highest-quality, high-quality or medium-quality ratings (1-3) are valued at amortized cost. All other preferred stocks<br />
(ratings of 4-6) are valued at lower of amortized cost or market value.<br />
(5) Mortgage loans on real estate are stated at the aggregate unpaid balance, less allowance for impairments.<br />
(6) Loan-backed securities are stated at either amortized cost or the lower of amortized cost or fair market value. Prepayment<br />
assumptions for loan-backed bonds and structured securities were obtained from third party vendors. <strong>The</strong>se assumptions are<br />
consistent with the current interest rate and economic environment. <strong>The</strong> retrospective method is used to value loan-backed<br />
securities. Loan-backed securities meeting certain requirements are valued prospectively in accordance with SSAP No. 43,<br />
Loan-Backed and Structured Securities.<br />
(7) <strong>The</strong> <strong>Company</strong> accounts for investments in subsidiaries, controlled or affiliated companies using the statutory equity of the<br />
subsidiary if the entity is an insurance company. All noninsurance entities are valued at the GAAP equity of the investee.<br />
(8) <strong>The</strong> <strong>Company</strong> values all investments in Joint Ventures, Partnerships and Limited Liability Companies using the equity method.<br />
(9) For the years ended December 31, 2008 and 2007, the <strong>Company</strong> hedged certain portions of its exposure to interest rate fluctuations<br />
and foreign exchange risk by entering into derivative transactions. <strong>The</strong> <strong>Company</strong> holds interest rate caps, interest rate swaps and<br />
19
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
foreign currency swaps at December 31, 2008. <strong>The</strong> <strong>Company</strong> uses S&P 500® index call options to hedge annuity liabilities. In<br />
addition, the <strong>Company</strong> sold credit protection by selling credit default swaps during 2008 and 2007 to replicate specified securities<br />
in its investment portfolio. A description of the <strong>Company</strong>’s accounting for these derivative instruments is discussed in the<br />
following paragraphs.<br />
Hedge accounting is applied for interest rate swaps and foreign currency swaps after the <strong>Company</strong> determines that the items to be<br />
hedged expose the <strong>Company</strong> to interest rate fluctuations or fluctuations in foreign exchange risk. Moreover, the derivatives used to<br />
hedge these exposures are designated as hedges and reduce the indicated risk by demonstrating a high correlation between changes<br />
in the value of the derivatives and changes in the value of the cash flows being hedged at both the inception of the hedge and<br />
throughout the hedge period. Should such criteria not be met or if the hedged items have been sold, terminated or matured, the<br />
change in value of the derivatives is included in net income.<br />
Interest rate caps protect the <strong>Company</strong> against the negative impact of a significant and sustained rise in interest rates. Interest rate<br />
caps are accounted for under SSAP No. 86 and changes in the value of the caps are recorded in surplus.<br />
<strong>The</strong> S&P 500® index options are used to hedge liabilities for equity indexed annuity products. <strong>The</strong> call options are recorded on<br />
the balance sheet at market value as these derivatives do not qualify as hedges for statutory reporting purposes.<br />
Credit default swaps were sold to replicate a particular debt security in the <strong>Company</strong>’s investment portfolio, rather than purchasing<br />
the security in the open market. <strong>The</strong> swaps are accounted for as RSATs and changes in the value of the swaps are recorded in<br />
surplus.<br />
All derivatives are recorded in Aggregate write-ins for Invested Assets.<br />
(10) <strong>The</strong> <strong>Company</strong> does not utilize anticipated investment income as a factor in the premium deficiency calculation.<br />
(11) Reserves for losses and loss adjustment expenses represent the estimated ultimate net cost of all reported and unreported losses<br />
incurred through December 31. <strong>The</strong> reserves for losses and loss adjustment expenses are estimated using individual case-basis<br />
valuations and statistical analyses. Those estimates are subject to the effects of trends in loss severity and frequency. Considerable<br />
variability is inherent in such estimates. <strong>The</strong> estimates are continually reviewed and adjusted as necessary as experience develops<br />
or new information becomes known. Such adjustments are included in current operations.<br />
(12) <strong>The</strong>re was no change in the capitalization policy for 2008.<br />
(13) <strong>The</strong> <strong>Company</strong> does not have pharmaceutical rebate receivables.<br />
2. Accounting Changes and Corrections of Errors<br />
A. Correction of Errors<br />
According to SSAP No. 3, corrections of errors in previously issued financial statements are reported as adjustments to surplus in the period<br />
the error is corrected.<br />
During 2008, the <strong>Company</strong> corrected an error related to the valuation of its investment holdings in a certain class of preferred stocks.<br />
<strong>The</strong> effect of this correction of error, net of tax, is reported as a decrease in capital and surplus accounts, Page 4, Line 53, Column 1, of<br />
$75,463,430.<br />
During 2008, the <strong>Company</strong> corrected an error related to Market Value Adjustments and its impact on the cash surrender value floor for<br />
reserves associated with equity index annuity products. <strong>The</strong> effect of this correction of error, net of tax, is reported as an increase in capital and<br />
surplus accounts, Page 4, Line 53, Column 1, of $29,245,418.<br />
During 2008, the <strong>Company</strong> corrected a coding error in the valuation system for certain universal life policies. <strong>The</strong> effect of this correction of<br />
error, net of tax, is reported as a decrease in capital and surplus accounts, Page 4, Line 53, Column 1, of $147,012,519.<br />
During 2007, the <strong>Company</strong> corrected an error related to the projection of the minimum cash surrender values for equity indexed annuity<br />
products in the CARVM calculations. This was due to a combination of product table coding and the calculation methods in the valuation<br />
system. <strong>The</strong> effect of this correction of error is reported as a decrease in capital and surplus accounts, Page 4 Line 53, Column 2, of<br />
$26,055,444.<br />
During 2007, the <strong>Company</strong> corrected an overstatement of reserves associated with certain life policies with secondary guarantees that were<br />
issued primarily in the second half of 2006. <strong>The</strong> effect of this correction of error, net of applicable tax effect, is reported as an increase in<br />
capital and surplus accounts, Page 4, Line 53, Column 2, of $51,908,670.<br />
3. Business Combinations and Goodwill<br />
A. Statutory Purchase – Not applicable<br />
B. Statutory Merger<br />
<strong>The</strong> <strong>Company</strong> obtained approval from the applicable state insurance departments to merge the Jefferson Pilot <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>, an<br />
affiliate, and the Jefferson Pilot <strong>Financial</strong> <strong>Insurance</strong> <strong>Company</strong>, an affiliate, into the <strong>Company</strong> effective April 2, 2007 and July 2, 2007,<br />
respectively, with the <strong>Company</strong> being the surviving entity. In conformity with SSAP No. 3, prior period financial information has been<br />
restated as if the merger had occurred on January 1, 2006.<br />
Pre merger separate company revenue, net income and other surplus adjustments for the three months ended 3/31/07 were $812,398,409,<br />
$(28,842,285), $(17,345,101), respectively for Jefferson Pilot <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>. Pre merger separate company revenue, net income<br />
and other surplus adjustments for the three months ended 3/31/07 were $4,533,629,833, $145,283,670, $(103,510,611) respectively for <strong>The</strong><br />
<strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>.<br />
Pre merger separate company revenue, net income and other surplus adjustments for the six months ended 6/30/07 were $1,268,471,465,<br />
$117,169,362, $(119,315,916), respectively for Jefferson Pilot <strong>Financial</strong> <strong>Insurance</strong> <strong>Company</strong>. Pre merger separate company revenue, net<br />
income and other surplus adjustments for the six months ended 6/30/07 were $10,961,272,880, $474,273,936, $(662,296,794), respectively<br />
for <strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>.<br />
C. Assumption Reinsurance – Not applicable<br />
D. Impairment Loss – Not applicable<br />
19.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
4. Discontinued Operations<br />
On December 7, 2001, Swiss Re <strong>Life</strong> & Health America Inc. (Swiss Re) acquired <strong>Lincoln</strong> <strong>National</strong> Corporation’s (LNC) reinsurance operation for $2.0<br />
billion. <strong>The</strong> transaction structure involved a series of indemnity reinsurance transactions combined with the sale of certain stock companies that<br />
comprised LNC’s reinsurance operation. Under the indemnity reinsurance agreements, Swiss Re reinsured certain liabilities and obligations of the<br />
<strong>Company</strong>. <strong>The</strong> <strong>Company</strong> is not relieved of its legal liability to the ceding companies. <strong>The</strong> liabilities and obligations associated with the reinsured<br />
contracts remain on the balance sheets of the <strong>Company</strong> with a corresponding reinsurance receivable from Swiss Re.<br />
A gain of $1.0 billion ($1.5 billion pre-tax) was reported at closing under the indemnity reinsurance agreements. This gain was recorded as a deferred<br />
gain on the <strong>Company</strong>’s balance sheet and is being amortized into earnings at the rate that earnings on the reinsured business are expected to emerge, over<br />
a period of 15 years. During 2008 and 2007, the <strong>Company</strong> recognized $63.4 million of deferred gain each year into net income.<br />
As a result of developments and information obtained during 2007 relating to the personal accident business sold to Swiss Re, the <strong>Company</strong> increased<br />
reserves by $13 million after tax ($20 million pre-tax) with a corresponding increase to the deferred gain. Reflected in the deferred gain amortization<br />
above is $4.4 million of retrospective deferred gain amortization related to this 2007 reserve increase.<br />
5. Investments<br />
A. Mortgage Loans, including Mezzanine Real Estate Loans<br />
(1) <strong>The</strong> maximum and minimum lending rates for mortgage loans during 2008 were:<br />
Farm loans – none; City loans – 7.15% and 5.90%, and Purchase money mortgages – none.<br />
(2) During 2008, the <strong>Company</strong> did not reduce interest rates of outstanding mortgage loans.<br />
(3) During 2008, the maximum percentage of any one loan to the value of security at the time of the loan, exclusive of insured or<br />
guaranteed or purchase money mortgages was 74.79%.<br />
(4) As of December 31, 2008 the <strong>Company</strong> did not hold any mortgages with interest more than 180 days past due.<br />
(5) As of December 31, 2008, there were no amounts of taxes, assessments, or any amount, which had been advanced but not<br />
repaid and not included in the mortgage loan total.<br />
(6) As of December 31, 2008, the total recorded investment in impaired loans for which there is a related allowance for credit losses is<br />
$0.<br />
(7) As of December 31, 2008, the <strong>Company</strong> did not have any recorded investments in impaired loans for which there is no related<br />
allowance for credit losses.<br />
(8) As of December 31, 2008, the average recorded investment in impaired loans is $0.<br />
(9) During 2008, the related amount of interest income recognized during the time that the loans were impaired is $0.<br />
(10) During 2008, there was no interest income recognized using a cash-basis method of accounting during the time that the loans were<br />
impaired.<br />
(11) Allowance for Credit Losses<br />
2008 2007<br />
Balance at beginning of year $ 0 $ 1,880,963<br />
Provisions for losses 0 0<br />
Releases: Paydowns 0 (1,880,963)<br />
Balance at end of year $ 0 $ 0<br />
(12) <strong>The</strong> <strong>Company</strong> recognizes interest income on its impaired loans upon receipt. Cash receipts are recorded the day payments are<br />
received (via check, lockbox or debit ACH).<br />
B. Debt Restructuring<br />
(1) At December 31, 2008, the <strong>Company</strong>’s recorded investment in impaired loans, which have been restructured during the year, was<br />
$0 after write-downs.<br />
(2) <strong>The</strong> total impairment recognized as a realized loss during 2008 was $0.<br />
(3) <strong>The</strong> <strong>Company</strong> did not have any commitments to lend additional funds to debtors owing receivables whose terms have been<br />
modified in troubled debt restructurings at December 31, 2008.<br />
(4) Income is recognized on a cash basis for all impaired investments.<br />
C. Reverse Mortgages<br />
<strong>The</strong> <strong>Company</strong> has no reverse mortgages as of December 31, 2008.<br />
D. Loan-Backed Securities<br />
(1) <strong>The</strong> <strong>Company</strong> has elected to use book value as of January 1, 1994 as the cost of applying the retrospective adjustment method to<br />
securities purchased prior to that date.<br />
(2) Prepayment assumptions for loan-backed bonds and structured securities were obtained from third party vendors. <strong>The</strong>se<br />
assumptions are consistent with the current interest rate and economic environment. Market values for loan-backed securities are<br />
based on quoted market prices, where available.<br />
(3) <strong>The</strong>re were no adjustments from the retrospective method to the prospective adjustment method due to negative yield on specific<br />
securities during 2008.<br />
E. Repurchase Agreements<br />
<strong>The</strong> <strong>Company</strong> has no repurchase agreements as of December 31, 2008.<br />
F. Real Estate<br />
(1) <strong>The</strong> <strong>Company</strong> recognized a $3,354,629 impairment loss on a vacant piece of land. <strong>The</strong> property was acquired at a contracted $13.3<br />
million purchase price through a standby equity commitment. <strong>The</strong> current appraised value is $10 million resulting in the<br />
impairment. <strong>The</strong> impairment loss is included in net realized capital gains and losses (line 34) in the Summary of Operations.<br />
19.2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
(2) <strong>The</strong> <strong>Company</strong> had one property classified as Held for Sale at December 31, 2008. <strong>The</strong> property is a multi-unit condominium<br />
project for which the <strong>Company</strong> has engaged an experienced sales and marketing firm to sell the units within the next two years.<br />
<strong>The</strong> <strong>Company</strong> sold 11 properties and 23 units of its multi-unit condominium project during the year and recognized a gain of<br />
$89,126,824 which is included with net realized capital gains and losses (line 34) in the Summary of Operations.<br />
(3) Not applicable.<br />
(4) Not applicable.<br />
G. Low-Income Housing Tax Credits (LIHTC)<br />
(1) <strong>The</strong> <strong>Company</strong> has unexpired tax credits with remaining lives ranging between 1-9 years and required holding periods for its LIHTC<br />
investments between 15-18 years.<br />
(2) <strong>The</strong> <strong>Company</strong> had one LIHTC property under regulatory review and is working towards resolution of the outstanding issues at<br />
December 31, 2008.<br />
(3) <strong>The</strong> <strong>Company</strong>’s LIHTC investments do not exceed 10% of its admitted assets.<br />
(4) <strong>The</strong> <strong>Company</strong> did not recognize any impairment write-downs on its LIHTC investments.<br />
(5) <strong>The</strong> <strong>Company</strong> did not make any reclassifications during the year due to forfeiture or ineligibility of tax credits.<br />
6. Joint Ventures, Partnerships and Limited Liability Companies<br />
A. <strong>The</strong> <strong>Company</strong> has no investments in any Joint Ventures, Partnership or Limited Liability Companies that exceed 10% of the admitted assets.<br />
B. <strong>The</strong> <strong>Company</strong> did not recognize any impairment write-downs for its investments in Joint Ventures, Partnerships and Limited Liability<br />
Companies during 2008.<br />
7. Investment Income<br />
A. Due and accrued income was excluded from investment income on the following basis:<br />
(1) Mortgage Loans: On loans in foreclosure or delinquent more than one year or where collection of interest is uncertain.<br />
(2) All Other Investments: Amounts considered probable of collection, but that are over 90 days past due.<br />
B. Total due and accrued income excluded from investment income was $37,820 as of December 31, 2008.<br />
8. Derivative Instruments<br />
A. By using derivative instruments, the <strong>Company</strong> is exposed to credit and market risk. If the counterparty fails to perform, credit risk is equal to<br />
the extent of the fair value gain in a derivative. When the fair value of a derivative contract is positive, this generally indicates that the<br />
counterparty owes the <strong>Company</strong> and, therefore, creates a payment risk for the <strong>Company</strong>. When the fair value of a derivative contract is<br />
negative, this generally indicates that the <strong>Company</strong> owes the counterparty and, therefore, has no payment risk. <strong>The</strong> <strong>Company</strong> minimizes the<br />
credit (or payment) risk in derivative instruments by entering into transactions with high-quality counterparties that are reviewed periodically<br />
by the <strong>Company</strong>. <strong>The</strong> <strong>Company</strong> also maintains a policy of requiring that all derivative contracts be governed by an International Swaps and<br />
Derivatives Association Master Agreement. In addition, if the total exposure to a particular counterparty exceeds the internal limit for that<br />
counterparty, the <strong>Company</strong> requires collateral from that counterparty to support the derivatives.<br />
<strong>The</strong> credit risk associated with derivatives contracts is minimized by purchasing such agreements from financial institutions with<br />
long-standing performance records. <strong>The</strong> amount of such exposure is essentially the net replacement cost or market value, less collateral held,<br />
for such agreements with each counterparty if the net market value is in the <strong>Company</strong>’s favor. At December 31, 2008, the exposure was<br />
$150.0 million.<br />
B-C.<br />
<strong>The</strong> <strong>Company</strong> uses interest rate caps to protect its annuity line of business from the effect of rising interest rates. Interest rate caps are<br />
contracts that entitle the <strong>Company</strong> to receive payments from counterparties on specified future dates for the amount, if any, by which a<br />
specified market interest rate exceeds the cap rate stated in the agreements, applied to a notional amount. As a result, the interest rate caps are<br />
valued at market value in “Aggregate write-ins for Invested Assets” on the balance sheet. All changes in market value of interest rate caps<br />
classified as hedges are recorded in “Net realized capital gains/losses” in the Summary of Operations. Changes in the market value of interest<br />
rate caps are recorded in “Change in net unrealized capital gains or (losses)”, which is a component of surplus.<br />
<strong>The</strong> <strong>Company</strong>’s interest rate swaps qualify as hedges, therefore, are accounted for as cash flow hedges and valued at amortized cost in<br />
“Aggregate write-ins for Invested Assets” on the balance sheet. <strong>The</strong> majority of these derivative instruments are entered into “at-the-market”<br />
and have a cost basis of zero. <strong>The</strong> <strong>Company</strong> uses interest rate swap agreements to hedge its exposure to floating rate bond coupon payments,<br />
replicating a fixed rate bond. An interest rate swap is a contractual agreement to exchange payments at one or more times based on the actual<br />
or expected price, level, performance or value of one or more underlying interests. <strong>The</strong> <strong>Company</strong> is required to pay the counterparty the<br />
stream of variable interest payments based on the coupon payments from the hedged bonds, and in turn, receives a fixed payment from the<br />
counterparty, at a predetermined interest rate. Payments on interest rate swaps are recorded in “Net investment income” in the Summary of<br />
Operations.<br />
In addition, the <strong>Company</strong> uses interest rate swap agreements to hedge its exposure to interest rate fluctuations related to forecasted purchases<br />
of assets to support certain investment portfolios of assets. <strong>The</strong> forecasted purchase of assets was completed during May 2001. During 2001,<br />
$36.0 million in gains from the interest rate swaps were deferred as adjustments to the bases of the purchased bonds and will be recognized in<br />
income as a yield adjustment over the life of the bonds. <strong>The</strong>re are no interest rate swaps hedging forecasted transactions outstanding at<br />
December 31, 2008.<br />
<strong>The</strong> <strong>Company</strong> uses foreign currency swaps to hedge some of the foreign exchange risk related to its investments in fixed maturity securities<br />
denominated in foreign currencies. A foreign currency swap is a contractual agreement to exchange the currencies of two different countries at<br />
a fixed rate of exchange in the future. <strong>The</strong> <strong>Company</strong> uses foreign currency swaps to convert the cash flow of foreign currency securities into<br />
U.S. dollars. <strong>The</strong> <strong>Company</strong>’s foreign currency swaps qualify as foreign currency hedges, and therefore, are valued at amortized cost in<br />
“Aggregate write-ins for Invested Assets” on the balance sheet adjusted for fluctuations in the spot exchange rate from the trade date to<br />
December 31, 2008. Payments on foreign currency swaps are recorded in “Net Investment Income” when interest related and in “Net realized<br />
capital gains/losses” when principal related.<br />
<strong>The</strong> <strong>Company</strong> markets equity-indexed annuities that have an equity market component, where interest credited to the contracts is linked to the<br />
performance of the S&P 500® index. <strong>The</strong> <strong>Company</strong> has historically managed this risk by purchasing call options on the S&P 500® index that<br />
mirrored the interest credited to the contracts. <strong>The</strong>se call options act as an economic hedge. All call options on the S&P 500® index held at<br />
December 31, 2008 do not qualify as hedges. Changes in their fair values of these options are recorded as unrealized gains or losses, which is<br />
a component of surplus.<br />
<strong>The</strong> <strong>Company</strong> sells credit protection by issuing credit default swaps. A credit default swap is a contractual agreement which requires the seller<br />
of the swap to purchase a specified security at par from the purchaser of the swap in the event of default on that particular security, thus<br />
19.3
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
bearing the credit risk. <strong>The</strong> <strong>Company</strong> couples the credit default swaps with highly-rated debt securities to replicate the particular debt security<br />
for which protection was sold. <strong>The</strong> credit default swaps are accounted for as RSATs.<br />
D. Not applicable.<br />
E. Not applicable.<br />
F. See C above.<br />
9. Income Taxes<br />
A. <strong>The</strong> components of the net deferred tax asset at December 31, is as follows:<br />
2008 2007<br />
Gross deferred tax assets $ 1,752,469,715 $ 1,409,101,331<br />
Gross deferred tax liabilities (262,212,109) (174,386,048)<br />
Net deferred tax asset (liability) 1,490,257,606 1,234,715,283<br />
Nonadmitted deferred tax asset (828,145,637) (890,568,737)<br />
Admitted deferred tax asset $ 662,111,969 $ 344,146,546<br />
Increase (decrease) in deferred tax assets nonadmitted $ (62,423,100) $ 6,541,125<br />
B. Deferred tax liabilities not recognized:<br />
Not applicable.<br />
C. Current income taxes incurred consist of the following major components:<br />
2008 2007<br />
Current year expense $ (67,910,239) $ 385,311,537<br />
Tax credits (24,296,917) (32,343,480)<br />
Taxes on capital gains (155,752,174) 60,840,363<br />
Prior year adjustments and true-ups to tax return (100,317,185) 1,787,539<br />
Prior year adjustment included in Page 4, Line 53 8,050,541 13,791,330<br />
Total income taxes incurred $ (340,225,974) $ 429,387,289<br />
<strong>The</strong> main components of the December 31, 2008 deferred tax amounts are as follows:<br />
Deferred Tax Assets: Statutory Tax Difference Tax Effect<br />
<strong>Insurance</strong> and investment contract liabilities $(112,082,104,000) $(110,347,225,000) $(1,734,879,000) $ 607,207,650<br />
Security investments 56,011,270,000 56,889,540,000 (878,270,000) 307,394,500<br />
Deferred acquisition costs - 1,704,263,000 (1,704,263,000) 596,492,050<br />
Reinsurance acquisition costs - 45,139,000 (45,139,000) 15,798,650<br />
EDP equipment & other depreciable property 33,079,000 194,952,000 (161,873,000) 56,655,550<br />
Liability for benefits & contingencies (311,196,000) 131,144,000 (442,340,000) 154,819,000<br />
Other (30,683,000) 9,610,000 (40,293,000) 14,102,315<br />
Total deferred tax assets $(5,007,057,000) $1,752,469,715<br />
Deferred tax assets nonadmitted $ 828,145,637<br />
Deferred Tax Liabilities:<br />
Security investments $ 409,438,000 $ 13,640,000 $ 395,798,000 $(138,529,300)<br />
Other invested assets 3,456,612,000 3,314,933,000 141,679,000 (49,587,650)<br />
Reserve weakening & other recoverables - (210,828,000) 210,828,000 (73,789,800)<br />
Accrued dividends 691,288,000 690,603,000 685,000 (239,750)<br />
Other 457,727,000 457,540,000 187,000 (65,609)<br />
Total deferred tax liabilities $ 749,177,000 $ 262,212,109<br />
<strong>The</strong> changes in main components of deferred taxes are as follows:<br />
Deferred Tax Assets: 2008 2007 Change<br />
<strong>Insurance</strong> and investment contract liabilities $ 607,207,650 $ 548,895,550 $ 58,312,100<br />
Security investments 307,394,500 107,110,150 200,284,350<br />
Deferred acquisition costs 596,492,050 568,698,550 27,793,500<br />
Reinsurance acquisition costs 15,798,650 18,963,700 (3,165,050)<br />
EDP equipment & other depreciable property 56,655,550 31,098,550 25,557,000<br />
Liability for benefits & contingencies 154,819,000 123,268,250 31,550,750<br />
Other 14,102,315 11,066,580 3,035,735<br />
Total deferred tax assets $1,752,469,715 $1,409,101,330 $ 343,368,385<br />
Deferred tax assets nonadmitted $ 828,145,637 $ 890,568,737 $ (62,423,100)<br />
Deferred Tax Liabilities:<br />
Security investments $ (138,529,300) $ (47,440,400) $ 91,088,900<br />
Other invested assets (49,587,650) (48,903,050) 684,600<br />
Reserve weakening & other recoverables (73,789,800) (26,447,050) 47,342,750<br />
Accrued dividends (239,750) (243,950) (4,200)<br />
Other (65,609) (51,351,598) (51,285,989)<br />
Total deferred tax liabilities $ (262,212,109) $(174,386,048) $ 87,827,061<br />
19.4
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
D. <strong>The</strong> effective tax rate on pre-tax income is lower than the prevailing Federal Income tax rate. A reconciliation of the differences is as follows:<br />
Amount Effective Tax Rate<br />
Provision computed at statutory rate $ (204,464,168) 35.00%<br />
Investment related (329,275,498) 56.36%<br />
<strong>Insurance</strong> reserves related (64,812,997) 11.09%<br />
Ceding commissions 56,686,623 -9.70%<br />
Other tax adjustments (18,918,088) 3.24%<br />
Tax credits (34,984,169) 5.99%<br />
Total $ (595,768,297) 101.98%<br />
Federal income taxes incurred $ (340,225,974) 58.24%<br />
Change in net deferred income taxes (255,542,323) 43.74%<br />
Total statutory income taxes $ (595,768,297) 101.98%<br />
E. (1) At December 31, 2008 the <strong>Company</strong> does not have any operating loss carryforwards.<br />
(2) <strong>The</strong> following are income taxes incurred in the current and prior years that will be available for recoupement in the event of future net<br />
losses:<br />
Year Amount<br />
2008 $ -<br />
2007 $234,892,528<br />
2006 $ 65,371,293<br />
(3) At December 31, 2008, the <strong>Company</strong> had $20,935,443 in deposits admitted under Section 6603 of the Internal Revenue Service Code.<br />
F. <strong>The</strong> <strong>Company</strong>'s Federal Income Tax return is consolidated with the following entities:<br />
<strong>Lincoln</strong> <strong>National</strong> Corporation (Common Parent)<br />
<strong>Lincoln</strong> <strong>Life</strong> Improved Housing, Inc<br />
<strong>Lincoln</strong> <strong>National</strong> Investments Inc.<br />
<strong>Lincoln</strong> <strong>National</strong> Investment Companies, Inc.<br />
Delaware Management Holdings, Inc.<br />
DMH Corporation<br />
Delaware Investments U.S., Inc.<br />
Delaware Distributors, Inc.<br />
Delaware General Management, Inc.<br />
Delaware Management <strong>Company</strong>, Inc.<br />
Delaware Management Business Trust – Delaware Investment Advisors<br />
Delaware Management Business Trust – Delaware Management <strong>Company</strong><br />
Delaware Management Business Trust – Delaware <strong>Lincoln</strong> Cash Management<br />
Delaware Management Business Trust – Delaware Capital Management, Inc.<br />
Delaware Management Business Trust – Delaware Asset Advisors<br />
Delaware Management Trust <strong>Company</strong><br />
Delaware Service <strong>Company</strong>, Inc.<br />
Retirement <strong>Financial</strong> Services, Inc.<br />
<strong>Lincoln</strong> <strong>National</strong> Management Corporation<br />
<strong>Lincoln</strong> <strong>National</strong> Realty Corporation<br />
<strong>Lincoln</strong> <strong>National</strong> Reinsurance <strong>Company</strong> of Barbados, Ltd.<br />
<strong>Lincoln</strong> Reinsurance <strong>Company</strong> of South Carolina<br />
<strong>Lincoln</strong> Reinsurance <strong>Company</strong> of South Carolina II<br />
<strong>Lincoln</strong> Realty Capital Corporation<br />
<strong>Lincoln</strong> <strong>Financial</strong> Distributors, Inc.<br />
<strong>Lincoln</strong> <strong>Life</strong> & Annuity <strong>Company</strong> of New York<br />
<strong>Lincoln</strong> <strong>Financial</strong> & <strong>Insurance</strong> Services Corp<br />
California Fringe Benefit & <strong>Insurance</strong> Marketing Corporation<br />
<strong>Lincoln</strong> <strong>Financial</strong> Advisors Corporation<br />
LFA Management Corporation<br />
LFG South Carolina Reinsurance <strong>Company</strong><br />
<strong>Lincoln</strong> Investment Solutions, Inc.<br />
LNC Administrative Services Corp.<br />
Westfield Assigned Benefits <strong>Company</strong><br />
Jefferson Standard <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
Hampshire Funding, Inc.<br />
<strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong><br />
<strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong> of California<br />
<strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong> of Colorado<br />
<strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong> of Florida<br />
<strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong> of Georgia<br />
<strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong> of North Carolina<br />
WBTV, Inc.<br />
WWBT, Inc.<br />
WCSC, Inc.<br />
Tall Tower, Inc.<br />
<strong>Lincoln</strong> Investment Advisors Corporation<br />
Jefferson-Pilot Investments, Inc.<br />
Hampshire Syndications, Inc.<br />
<strong>Lincoln</strong> <strong>Financial</strong> Securities Corp.<br />
Allied Professional Advisors, Inc.<br />
JPSC <strong>Insurance</strong> Services, Inc.<br />
<strong>The</strong> Polaris Agency of North Carolina, Inc.<br />
Jefferson-Pilot Variable Corporation<br />
<strong>The</strong> method of allocation between the companies is by written agreement, which is approved by the Board of Directors. Such allocation is<br />
based upon separate return calculations.<br />
Net losses are credited as follows:<br />
a. When utilized by the affiliate based upon separate return basis and,<br />
b. If not utilized by the affiliate on separate return basis, then when the consolidated group utilizes the loss.<br />
19.5
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
Inter-company tax balances are settled as follows:<br />
a. Quarterly estimates – within five days following the due date of each federal consolidated quarterly estimated payment.<br />
b. Extension payments – within five days following the due date of the filing of an extension of time to file the consolidated tax<br />
return.<br />
c. Final settlement – within forty-five days after the filing of the tax return, adjusting payments will be made to settle differences<br />
between the estimates made and the final tax liability.<br />
d. Refund from carryback of losses – within forty-five days after the Common Parent receives a refund.<br />
e. Tax examination results – within forty-five days of agreeing to adjustments if the consolidated group owes additional tax;<br />
within forty-five days after a refund is received by the Common Parent, if the consolidated group owes less tax.<br />
10. Information Concerning Parent, Subsidiaries and Affiliates<br />
A,<br />
B & C.<br />
Effective March 1, 2007 the <strong>Company</strong> ceded through an assignment and assumption agreement, certain blocks of individual and group life<br />
business to <strong>Lincoln</strong> <strong>Life</strong> & Annuity <strong>Company</strong> of New York (LNY), a subsidiary of the <strong>Company</strong>. As a result of this transaction, $2,164.4<br />
million of assets and liabilities were transferred to LNY. <strong>The</strong> assets transferred consisted primarily of bonds and policy loans. <strong>The</strong> liabilities<br />
consisted primarily of policy related reserves. <strong>The</strong> <strong>Company</strong> received a ceding commission of $179.3 million for this transaction. Related to<br />
this transaction, the <strong>Company</strong> made a capital contribution to LNY of $703.7 million.<br />
<strong>The</strong> <strong>Company</strong> obtained approval from the Indiana Department of <strong>Insurance</strong> to transfer ownership of First Penn-Pacific <strong>Life</strong> <strong>Insurance</strong><br />
<strong>Company</strong> (FPP), a wholly owned subsidiary of the <strong>Company</strong> to <strong>Lincoln</strong> <strong>National</strong> Corporation (LNC), the parent of the <strong>Company</strong>. This<br />
transfer of ownership was made effective May 2, 2007 in the form of a dividend payment of $291,876,224.<br />
On May 3, 2007, FPP entered into an assumption reinsurance agreement with Jefferson Pilot <strong>Financial</strong> <strong>Insurance</strong> <strong>Company</strong> (JPFIC), a<br />
subsidiary of the <strong>Company</strong>. On this date, $150,338,712 of cash and life reserves were transferred to FPP. <strong>The</strong>se policies are owned by the<br />
<strong>Company</strong> and cover existing and former key employees.<br />
On July 2, 2007, FPP entered into an assumption reinsurance agreement with the <strong>Company</strong> for the transfer of certain bank owned life<br />
insurance policies. On this same date, FPP ceded 100% of these policies to the <strong>Company</strong> via an indemnity coinsurance agreement. <strong>The</strong>re was<br />
no impact to surplus as a result of this transaction.<br />
D. Amounts receivable or payable to the parent, subsidiaries and affiliates are settled within 30 days. <strong>The</strong> amounts are as follows:<br />
December 31, 2008<br />
Receivables Payables<br />
Parent $ - $ 26,322,760<br />
Affiliates 34,271,666 20,148,405<br />
$ 34,271,666 $ 46,471,165<br />
December 31, 2007<br />
Receivables Payables<br />
Parent $ - $ 18,250,920<br />
Affiliates 26,493,143 6,620,161<br />
$ 26,493,143 $ 24,871,081<br />
11. Debt<br />
E. <strong>The</strong> <strong>Company</strong> did not have any guarantees or undertakings, written or otherwise, for the benefit of an affiliate or related party that result in a<br />
material contingent exposure of the reporting entity's or any related party's assets or liabilities.<br />
F. <strong>The</strong> <strong>Company</strong> has contracted with its subsidiaries and affiliates to provide and receive various services including underwriting, premium and<br />
claims processing, customer service, financial and risk management, information systems and legal. Additionally, the <strong>Company</strong> has<br />
contracted with an affiliate, Delaware Management Business Trust, to receive investment management services. <strong>The</strong> <strong>Company</strong> reimburses<br />
affiliates that provide services to the <strong>Company</strong> and is reimbursed by subsidiaries or affiliates to which it provides such services.<br />
G. All outstanding shares of the <strong>Company</strong> are owned by the Parent <strong>Company</strong>, <strong>Lincoln</strong> <strong>National</strong> Corporation, which is domiciled in the State of<br />
Indiana.<br />
H. <strong>The</strong> <strong>Company</strong> does not own any shares of its ultimate parent or an upstream intermediate entity, directly or indirectly.<br />
I. <strong>The</strong> <strong>Company</strong> has no investments in Subsidiary, Controlled or Affiliated Companies during the statement period that exceed 10% of admitted<br />
assets.<br />
J. <strong>The</strong> <strong>Company</strong> did not recognize any impairment write down for investments in Subsidiary, Controlled or Affiliated Companies during the<br />
statement period.<br />
K. <strong>The</strong> <strong>Company</strong> does not invest in a foreign insurance subsidiary.<br />
L. <strong>The</strong> <strong>Company</strong> does not utilize the look-through approach for the valuation of its investment in its downstream noninsurance holding company.<br />
A. Capital Notes<br />
<strong>The</strong> <strong>Company</strong> has no capital notes outstanding.<br />
B. All Other Debt<br />
At December 31, 2008, the <strong>Company</strong> had $250,000,000 of long-term debt outstanding, plus accrued interest of $265,182, which was issued<br />
August 26, 2008. Interest is paid monthly at LIBOR plus 3bps. Interest paid during 2008 was $2,418,824. <strong>The</strong> debt matures June 20, 2017.<br />
<strong>The</strong> debt is required to be collateralized by securities with a market value at least equal to the outstanding principal. At December 31, 2008<br />
invested assets in the general account of the company with an admitted value of $345,528,695 and fair value of $285,381,545 served as<br />
collateral for this borrowing.<br />
At December 31, 2008, the <strong>Company</strong> had $473,215,042 outstanding under reverse repurchase agreements with issue dates in October and<br />
November 2008 with interest rates ranging from 2.25% to 4.35%. <strong>The</strong> agreements mature during the first quarter 2009. <strong>The</strong> borrowings are<br />
collateralized by invested assets in the general account of the <strong>Company</strong> with amortized cost of $477,714,631 and a fair value of $495,923,110<br />
at December 31, 2008. Interest for the period ended December 31, 2008 was $15,935,319.<br />
19.6
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
12. Retirement Plans, Deferred Compensation, Post Employment Benefits and Compensated Absences and Other Postretirement Benefit Plans<br />
A. Defined Benefit Plan<br />
<strong>The</strong> <strong>Company</strong> sponsored non-contributory defined benefit pension plans covering its agents. However, the benefits for agents eligible under<br />
the qualified and non-qualified defined benefit pension plans were frozen as of December 31, 1994 for its agents.<br />
A summary of assets, obligations and assumptions of the Pension and Other Postretirement Benefit Plans are as follows at December 31, 2008<br />
and 2007:<br />
1. Change in benefit obligation<br />
a. Benefit obligation at beginning<br />
of year<br />
Pension Benefits<br />
Other Benefits<br />
2008 2007 2008 2007<br />
$116,030,052 $116,497,242 $11,827,684 $16,388,168<br />
b. Service cost 166,950 18,550 73,135 384,897<br />
c. Interest cost 6,629,732 6,745,524 739,302 699,207<br />
d. Contribution by plan<br />
participants -- -- 542,387 640,626<br />
e. Actuarial (gain) loss (349,585) 660,750 671,612 (3,962,052)<br />
f. Foreign currency Exchange<br />
Rate Changes -- -- -- --<br />
g. Benefits paid (7,296,431) (8,143,683) (2,136,661) (2,167,427)<br />
h. Plan amendments -- -- -- (346,191)<br />
i. Business combinations,<br />
divestitures, curtailments,<br />
settlements and special<br />
termination benefits -- 251,669 -- --<br />
j. Retiree Drug Subsidy Received -- -- 316,797 190,456<br />
k. Benefits obligation at end of<br />
year 115,180,718 116,030,052 12,034,256 11,827,684<br />
2. Change in plan assets<br />
a. Fair value of plan assets at<br />
beginning of year 140,006,487 141,015,106 -- --<br />
b. Actual return on plan assets (31,219,045) 7,723,944 -- --<br />
c. Foreign currency exchange rate<br />
changes -- -- -- --<br />
d. Employer contribution -- 25,952 1,277,477 1,336,345<br />
e. Plan participants’ contribution -- -- 542,387 640,626<br />
f. Benefits paid (7,296,431) (8,143,683) (2,136,661) (2,167,427)<br />
g. Business combinations,<br />
divestitures and settlements -- (614,832) -- --<br />
h. Retiree Drug Subsidy Received 316,797 190,456<br />
i. Fair value of plan assets at end<br />
of year 101,491,011 140,006,487 -- --<br />
3. Funded status<br />
a. Unamortized prior service cost -- (167,134) 316,433 (316,433)<br />
b. Unrecognized net gain or (loss) (53,831,444) (13,146,914) 3,700,129 (4,907,541)<br />
c. Remaining net obligation or<br />
net asset at initial date of<br />
application -- (24,228,104) -- (11,827,684)<br />
d. Prepaid asset or accrued<br />
liabilities 13,689,707 (37,542,152) 12,034,256 (17,051,658)<br />
e. Intangible asset -- -- -- --<br />
4. Benefit obligation for fully<br />
vested agents 114,988,527 115,778,383 10,196,113 11,827,684<br />
5. Benefit obligation for nonvested<br />
agents 192,191 338,843 1,838,143 1,997,640<br />
6. Components of net periodic<br />
benefit costs<br />
a. Service cost 166,950 166,950 73,135 384,897<br />
b. Interest cost 6,629,732 6,720,035 739,302 699,207<br />
c. Expected return on plan assets (10,730,167) (10,935,943) -- --<br />
d. Amortization of unrecognized<br />
transition obligation or<br />
transition asset -- -- -- --<br />
e. Amount of recognized (gain)<br />
loss 858,237 299,867 (535,800) (747,533)<br />
f. Amount of prior service cost<br />
(credit) recognized 167,134 167,134 (43,274) (29,758)<br />
g. Amount of gain or loss<br />
recognized due to a settlement<br />
or curtailment -- -- -- --<br />
h. Total net periodic benefit cost<br />
(recovery) (2,908,114) (3,581,957) 233,363 306,813<br />
7. <strong>The</strong> additional minimum pension liability recognized is $25.7 million.<br />
19.7
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
8. Weighted-average assumptions:<br />
Pension Benefits Other Benefits<br />
As of December 31, 2008 2007 2008 2007<br />
a. Discount rate 6.0% 6.0% 6.0% 6.0%<br />
b. Rate of compensation 4.0% 4.0% 4.0% 4.0%<br />
c. Expected long-term rate of return on plan assets 8.0% 8.0% NA NA<br />
9. <strong>The</strong> measurement date of December 31, 2008 was used to determine the above.<br />
10. For measurement purposes, a percent annual rate of increase in the per capita cost of covered health care benefits was assumed to be 12%<br />
for 2008. <strong>The</strong> rate was assumed to decrease gradually to 5% by 2018 and remain at that level thereafter.<br />
11. Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. A one-percentage-point<br />
change in assumed health care cost trend rates would have the following effects:<br />
1 Percentage Point 1 Percentage Point<br />
Increase<br />
Decrease<br />
a. Effect on total of service and interest cost components 34,000 (31,000)<br />
b. Effect on postretirement benefit obligation 482,000 (447,000)<br />
12. <strong>The</strong> <strong>Company</strong>’s pension plan assets are part of LNC’s U.S. pension plan. LNC’s U.S. pension plan asset allocations at December 31, 2008<br />
and 2007, by asset category are as follows:<br />
Asset Category 2008 2007 Target<br />
Domestic Large Cap Equity Securities 32% 37% 35%<br />
International Equity Securities 14% 15% 15%<br />
Fixed Income Securities 53% 48% 50%<br />
Cash and Cash Equivalents 1% 0% 0%<br />
Total 100% 100%<br />
<strong>The</strong> primary investment objective of LNC’s U.S. defined benefit pension plan is for capital appreciation with an emphasis on avoiding<br />
undue risk. Investments can be made using the following asset classes: both domestic and international equity and fixed income<br />
securities, real estate, and other asset classes the investment managers deem prudent. Three- and five-year time horizons are utilized as<br />
there are inevitably short-run fluctuations, which will cause variations in investment performance.<br />
<strong>The</strong> defined benefit plan assets have been combined into a master retirement trust where a variety of qualified managers, with Northern<br />
Trust as the manager of managers, are expected to rank in the upper 50% of similar funds over the three-year periods and above an<br />
appropriate index over five-year periods. Managers are monitored for adherence to approved investment policy guidelines, changes in<br />
material factors and legal or regulatory actions. Managers not meeting these criteria are subject to additional due diligence review,<br />
corrective action or possible termination.<br />
<strong>The</strong> <strong>Company</strong> currently targets asset weightings as follows: domestic equity allocations (32%) are split into large cap growth (14%), large<br />
cap value (14%) and small cap (4%). Fixed income allocations are weighted between core fixed income and long term bonds. <strong>The</strong><br />
performance of the pension trust assets are monitored on a quarterly basis relative to the plan’s objectives. <strong>The</strong> performance of the trust is<br />
measured against the following indices: Russell 1000, Europe, Australia and Far East, Lehman Aggregate and Citigroup 90-day T-Bill.<br />
We review this investment policy on an annual basis.<br />
Prior to 2007 the plan assets were principally managed by internally. During 2007, the management of the equity portion of the plan<br />
assets was transferred to third-party managers. <strong>The</strong> <strong>Company</strong> continues to manage the plan's fixed income securities internally, which<br />
comprise approximately 50% of plan assets.<br />
<strong>The</strong> expected return on plan assets was determined based on historical and expected future returns of the various asset classes, using the<br />
plan target allocations. LNC reevaluates this assumption at an interim date each plan year. <strong>The</strong> expected return on plan assets utilized for<br />
the net periodic pension cost was 8.00% for plan years ending December 31, 2008 and December 31, 2007.<br />
13. Summary of Expected Future Benefit Payments:<br />
Qualified U.S.<br />
Defined Benefit<br />
Pension Plan<br />
Non-Qualified<br />
U.S. Defined<br />
Benefit Pension<br />
Plan<br />
Reflecting<br />
Medicare Part D<br />
Subsidy<br />
Medicare Part D<br />
Subsidy<br />
Not Reflecting<br />
Medicare Part D<br />
Subsidy<br />
2009 8,328,000 38,000 1,345,000 (204,000) 1,549,000<br />
2010 8,511,000 43,000 1,342,000 (204,000) 1,546,000<br />
2011 8,647,000 46,000 1,336,000 (202,000) 1,538,000<br />
2012 9,072,000 55,000 1,324,000 (199,000) 1,523,000<br />
2013 9,122,000 60,000 1,298,000 (194,000) 1,492,000<br />
2014 - 2018 45,615,000 386,000 5,869,000 (846,000) 6,715,000<br />
14. <strong>The</strong> <strong>Company</strong> is not required to make a contribution to its qualified U.S. defined benefit pension plans in 2009; however, the <strong>Company</strong>’s<br />
policy is to contribute the amount required to fund the benefits as they become due to the retirees which is expected to be $42,000 in 2009. In<br />
addition, the <strong>Company</strong> expects to fund amounts in 2009 equal to the expected future benefit payments as noted above for benefit payments to<br />
the U.S. post-retirement benefit plans.<br />
15. Related Party Transactions – Not applicable.<br />
16. Alternative Method to Amortize Prior Service Amounts or Unrecognized Net Gains and Losses – Not applicable.<br />
17. Substantive Commitments – Not applicable.<br />
18. Special Termination Benefits – Not Applicable.<br />
19. <strong>The</strong> <strong>Company</strong> sponsors an unfunded plan that provides post-retirement medical, dental and life insurance benefits to eligible agents who have<br />
worked for the <strong>Company</strong> for 10 years and attained age 60. Medical and dental benefits are also available to spouses and other dependents of<br />
those agents. For medical and dental benefits, limited contributions are required from agents who retired prior to November 1, 1988.<br />
Contributions for later retirees, which can be adjusted, are based on such items as years of service at retirement and age at retirement.<br />
Effective July 1, 1999, the agents’ postretirement plan was changed to require agents retiring on or after that date to pay the full medical and<br />
dental premium costs. Effective April 1, 2004, the post-retirement plan was changed such that agents not attaining age 50 by that date will not<br />
be eligible to receive life insurance benefits when they retire. <strong>Life</strong> insurance benefits are noncontributory for agents that attained the age of 50<br />
19.8
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
by April 1, 2004 and meet the eligibility requirements at the time they retire; however, participants can elect supplemental contributory life<br />
benefits up to age 70.<br />
B. Defined Contribution Plan<br />
<strong>The</strong> <strong>Company</strong> maintains a qualified defined contribution plan for agents that was established January 1, 1995, following the suspension of the<br />
defined benefit pension plan discussed above. Contributions to this plan are based on a percentage of the agents’ annual compensation as<br />
defined in the plan. Effective January 1, 1998, the <strong>Company</strong> assumed liabilities for a non-contributory defined contribution plan covering<br />
certain highly compensated former CIGNA agents and employees. Contributions to this plan are made annually based upon varying<br />
percentages of annual eligible earnings as defined in the plan. Contributions to this plan are in lieu of any contributions to the qualified agents<br />
defined contribution plan. Effective January 1, 2000, this plan was expanded to include certain highly compensated agents of the <strong>Company</strong>.<br />
<strong>The</strong> combined expense for these plans was $3.4 million and $4.1 million for 2008 and 2007, respectively. <strong>The</strong>se expenses represent both the<br />
<strong>Company</strong>’s contribution as well as changes in the measurement of liabilities under these plans.<br />
<strong>The</strong> <strong>Company</strong> sponsors a 401(k) plan for eligible agents. <strong>The</strong> <strong>Company</strong>’s contribution to the 401(k) plan is equal to participant’s pre-tax<br />
contribution, not to exceed 6% of base pay, multiplied by a percentage. As of January 1, 2006, the match percentage ranges from 50% to<br />
150%, which varies according to certain incentive criteria as determined by the Board of Directors of LNC. <strong>The</strong> <strong>Company</strong>’s expense for the<br />
agents’ 401(k) plan was $3.2 million and $6.1 million for 2008 and 2007, respectively.<br />
<strong>The</strong> <strong>Company</strong> sponsors a contributory deferred compensation plan for certain agents. Plan participants may elect to defer payment of a portion<br />
of their compensation, as defined by the plan. At this point, the <strong>Company</strong> has not chosen to fund this plan. Plan participants may select from<br />
a variety of alternative measures for purposes of calculating the investment return considered attributable to their deferral. Under the terms of<br />
this plan, the <strong>Company</strong> agrees to pay out amounts based upon the alternative measure selected by the participant. Plan participants who are<br />
also participants in the <strong>Lincoln</strong> <strong>Life</strong> 401(k) plan and who have reached the contribution limit for that plan may also elect to defer the additional<br />
amounts into the deferred compensation plan. <strong>The</strong> <strong>Company</strong> makes matching contributions to this plan based upon amounts placed into the<br />
deferred compensation plans by individuals who have reached the contribution limit under the 401(k) plan.<br />
<strong>The</strong> amount of the <strong>Company</strong>’s contribution is calculated in a manner similar to the 401(k) employer match calculation described above.<br />
Expenses for this plan amounted to $964,000 and $4.3 million in 2008 and 2007, respectively. <strong>The</strong>se expenses reflect both the <strong>Company</strong>’s<br />
employer matching contributions, as well as changes in the measurement of liabilities under this plan net of the plan's portion of the total of<br />
return swap discussed in the Consolidated/Holding <strong>Company</strong> Plans section below.<br />
C. Multiemployer Plans – Not applicable.<br />
D. Consolidated/Holding <strong>Company</strong> Plans<br />
Employees of the <strong>Company</strong> participate in a non-contributory defined benefit pension plan sponsored by LNC. In addition, the <strong>Company</strong> also<br />
provides certain other postretirement benefits to retired employees as well as defined contribution plans to employees sponsored by LNC. <strong>The</strong><br />
<strong>Company</strong> has no legal obligation for benefits under these plans. LNC allocates expense amounts to its affiliates based on the benefit obligation<br />
determined on each employee/retiree within an affiliate.<br />
As a result of the merger with Jefferson-Pilot, LNC maintains funded defined benefit pension plans for the former U.S. employees and agents<br />
of Jefferson-Pilot. Eligible retiring employees receive benefits based on years of service and final average earnings. <strong>The</strong> plans are funded by<br />
assets held in a master trust with Northern Trust.<br />
<strong>The</strong> <strong>Company</strong>’s share of net expense (recovery) for the employees’ defined benefit pension plan was $(7.6) million and $2.4 million for 2008<br />
and 2007, respectively. Effective January 1, 2002, the employees’ pension plan has a cash balance formula. Under the amended plan,<br />
employees have guaranteed account balances that grow with pay and interest credits each year. Employees retiring before 2012 will have their<br />
benefits calculated under both the old and new formulas and will receive the better of the two calculations. Employees retiring in 2012 or after<br />
will receive benefits under the amended plan.<br />
LNC announced plans on May 1, 2007 to change the retirement benefits provided to employees, including the “freeze” or cessation of benefit<br />
accruals under its primary traditional defined benefit pension plans. <strong>The</strong> freeze became effective December 31, 2007. This prospective change<br />
in benefits will not impact any of the pension retirement benefits that were accrued up through December 31, 2007.<br />
<strong>The</strong> <strong>Company</strong>'s share of the expenses for employees’ other postretirement benefits was $4.2 million and $4.5 million for 2008 and 2007,<br />
respectively. Beginning January 1, 2002, the employees’ other postretirement benefit plan was amended to require employees not yet age 50<br />
with five years of service by year-end 2001 to pay the full medical and dental premium cost when they retire.<br />
All eligible employees of the <strong>Company</strong> may participate in the 401(k) plan sponsored by LNC. <strong>The</strong> expenses for the employer’s portion of the<br />
401(k) plan were $45.9 million and $19.9 million for 2008 and 2007, respectively. In addition, LNC also sponsors contributory deferred<br />
compensation plans for certain employees. <strong>The</strong> <strong>Company</strong>’s share of expenses related to this deferred compensation plan was $4.7 million and<br />
$6.1 million for 2008 and 2007, respectively. <strong>The</strong>se expenses reflect both employer matching contributions, as well as changes in the<br />
measurement of liabilities net of the plan's portion of the total of return swap discussed below.<br />
LNC announced a number of enhancements to its 401(k) plan effective January 1, 2008. For all participants except employees of Delaware<br />
Management Holdings, Inc. and all of its direct or indirect subsidiaries, a number of new features apply: (1) an increase in the basic employer<br />
match from $0.50 per each $1.00 that a participant contributes each pay period, up to 6% of eligible compensation, to $1.00 per each $1.00<br />
that a participant contributes each pay period, up to 6% of eligible compensation (the 50% match will become a 100% match); (2) a<br />
guaranteed "core" employer contribution of 4% of eligible compensation per pay period. This core contribution is made regardless of<br />
whether the eligible employee elects to defer salary into the Plan; and (3) certain eligible employees also qualify for a "transition" employer<br />
contribution between 0.2% and 8.0% of eligible compensation per pay. Eligibility to receive the additional transition employer contributions is<br />
based on a combination of age and years of service, with a minimum 10-year service requirement for legacy LNC employees, and a minimum<br />
5-year service requirement for former Jefferson-Pilot employees. Eligibility for transition employer contributions was determined based on age<br />
and service on December 31, 2007 — i.e., participants cannot "grow" into transition credits thereafter. Transition employer contributions will<br />
cease on December 31, 2017. <strong>The</strong> discretionary employer match feature was eliminated effective January 1, 2008.<br />
In June 2004, LNC entered into a total return swap agreement. LNC is using the total return swap to mitigate the earnings effects created by the<br />
changes in value of LNC’s deferred compensation plan liability that result from changes in value of the underlying investment options.<br />
E. Postemployment Benefits and Compensated Absences<br />
Postemployment benefits for employees and agents are recorded as an accrued liability in Contributions for Benefit Plans for Employees<br />
General Expense and Contributions for Benefit Plans for Agents General Expense.<br />
Compensated absences are recorded as an accrued liability in Salary and Wages General Expense.<br />
F. Impact of Medicare Modernization Act on Postretirement Benefits<br />
See reported amounts above.<br />
13. Capital and Surplus, Shareholders' Dividend Restrictions and Quasi-Reorganizations<br />
(1) <strong>The</strong> <strong>Company</strong> has 10,000,000 shares authorized, 10,000,000 shares issued and outstanding. <strong>The</strong> par value is $2.50 per share.<br />
19.9
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
(2) <strong>The</strong> <strong>Company</strong> has no preferred stock outstanding.<br />
(3) Dividends on <strong>Company</strong> stock are paid as declared by the Board of Directors. In general, dividends are not subject to prior approval from the<br />
Commissioner of the Indiana Department of <strong>Insurance</strong> provided the declared dividend plus any dividends paid in the preceding twelve months<br />
do not exceed the greater of 10% of total surplus or the amount of statutory operating earnings in the prior calendar year. Additionally, not<br />
more than 10% of the gross statutory profits on participating business may be paid out as dividends to shareholders.<br />
(4) <strong>The</strong> <strong>Company</strong> paid common stock dividends to the Parent <strong>Company</strong>, <strong>Lincoln</strong> <strong>National</strong> Corporation, during 2008 on the following dates for the<br />
amounts noted.<br />
March 28, 2008 - Paid $200 million in extraordinary cash dividends<br />
June 23, 2008 - Paid $100 million in ordinary cash dividends<br />
September 25, 2008 - Paid $100 million in ordinary cash dividends<br />
(5) Within the limitations of (3) above, there are no restrictions placed on the portion of the <strong>Company</strong>’s profits that may be paid as ordinary<br />
dividends to stockholders.<br />
(6) <strong>The</strong>re were no restrictions placed on the <strong>Company</strong>'s surplus, including for whom the surplus is being held.<br />
As a result of declines in the market value of our separate account assets during 2008, our separate account assets were less than the<br />
guaranteed liabilities that they support as of December 31, 2008. Consequently, we established a receivable on the separate account<br />
representing the difference between our guaranteed contract liabilities of the separate account compared to the related separate account assets.<br />
<strong>The</strong> impact of this adjustment reduced surplus in 2008 by $109.0 million, which included the impact for the credit-linked notes (CLNs) of<br />
$55.2 million and the impact to our market-value adjusted annuities of $53.8 million. Our CLN investments support funding agreement<br />
liabilities within the separate account. When the value of the CLN investments decline below the value of the funding agreement liabilities,<br />
we recognize a reduction in surplus for the amount of the difference. <strong>The</strong> liabilities for our market-value adjusted annuities include additional<br />
reserves for the guaranteed benefits associated with this product. When the value of the liabilities exceed the value of the assets, we recognize<br />
a reduction in surplus for the amount of the difference.<br />
(7) <strong>The</strong>re have been no advances to surplus.<br />
(8) <strong>The</strong>re are no amounts of stock held by the <strong>Company</strong>, including stock of affiliated companies, for special purposes.<br />
(9) <strong>The</strong>re have been no changes in balances of special surplus funds from the prior year.<br />
(10) <strong>The</strong> portion of unassigned funds (surplus) represented or reduced by cumulative net unrealized gains and losses: $(716,255,156)<br />
(11) During 2007, the <strong>Company</strong>’s surplus note issued September 29, 1994 for cash of $50.0 million to HARCO Capital Corporation was<br />
transferred to LNC. <strong>The</strong> note bears interest at 9.76% and matures September 20, 2024. <strong>The</strong> note calls for the <strong>Company</strong> to pay interest<br />
semiannually on March 30 and September 30. <strong>The</strong> <strong>Company</strong> has the right to repay the note on any March 31 or September 30. Interest or<br />
repayment of principal may be paid only if the <strong>Company</strong> has obtained the prior written approval of the Department, has adequate earned<br />
surplus funds for such payment, and such payment would not cause the <strong>Company</strong> to violate the statutory capital requirements. <strong>The</strong> payment<br />
of the principal and interest on this surplus note is expressly subordinated to the prior payment of all valid obligations of the <strong>Company</strong>,<br />
including, without limitation, all insurance policies and all existing or future indebtedness issued, incurred or guaranteed by the <strong>Company</strong><br />
other than: (i) future surplus notes or other similarly subordinated obligations with which this surplus notes shall rand pari passu; and (ii) any<br />
other indebtedness of the <strong>Company</strong> which, by its own terms, is expressly subordinate to this surplus note.<br />
In 1998, the <strong>Company</strong> issued two surplus notes to LNC in return for cash of $1,250.0 million. <strong>The</strong> first note for $500.0 million, calls for the<br />
<strong>Company</strong> to pay the principal amount of the notes on or before March 31, 2028, with interest to be paid quarterly at an annual rate of 6.56%.<br />
Subject to approval by the Indiana <strong>Insurance</strong> Commissioner, LNC has a right to redeem the note for immediate repayment in total or in part<br />
once per year on the anniversary date of the note. <strong>The</strong> note was not redeemed on its anniversary date in 2008. Any payment of interest or<br />
repayment of principal may be paid only out of the <strong>Company</strong>’s earnings, only if the <strong>Company</strong>’s surplus exceeds $2.3 billion and subject to<br />
approval by the Indiana <strong>Insurance</strong> Commissioner.<br />
<strong>The</strong> second note for $750.0 million, calls for the <strong>Company</strong> to pay the principal amount of the notes on or before December 31, 2028, with<br />
interest to be paid quarterly at an annual rate of 6.03%. Subject to approval by the Indiana <strong>Insurance</strong> Commissioner, LNC has a right to<br />
redeem the note for immediate repayment in total or in part once per year on the anniversary date of the note. <strong>The</strong> note was not redeemed on its<br />
anniversary in 2008. Any payment of interest or repayment of principal may be paid only out of the <strong>Company</strong>’s earnings, only if the<br />
<strong>Company</strong>’s surplus exceeds $2.4 billion and subject to approval by the Indiana <strong>Insurance</strong> Commissioner.<br />
In the event of liquidation of the <strong>Company</strong>, both surplus notes shall become immediately due and payable and shall be superior to and in<br />
preference of the rights and claims of shareholders of the <strong>Company</strong>; provided, however, that in any liquidation proceeding pursuant to the<br />
Indiana <strong>Insurance</strong> Code, all obligations, rights and claims hereunder are expressly subordinated to (a) the claims of any supervisor, conservator<br />
or receiver of the <strong>Company</strong> appointed by the Commissioner; and (b) the claims of all other creditors, except for trade creditors and the claims<br />
of shareholders of the <strong>Company</strong> as shareholders.<br />
A summary of the terms of these surplus notes follows:<br />
Principal<br />
And/Or<br />
Interest<br />
Paid<br />
Current Year<br />
Total<br />
Principal<br />
And/Or<br />
Interest<br />
Paid<br />
Unapproved<br />
Principal<br />
And/Or<br />
Interest<br />
Date<br />
Issued<br />
Interest<br />
Rate<br />
Par Value<br />
(Note Face Amt)<br />
Carrying<br />
Value of Note<br />
Date of<br />
Maturity<br />
01/05/1998 6.56% $ 500,000,000 $ 500,000,000 $ 32,800,000 $360,344,444 $ 0 03/31/2028<br />
12/18/1998 6.03% 750,000,000 750,000,000 45,225,000 453,757,500 0 12/31/2028<br />
09/29/1994 9.76% 50,000,000 50,000,000 4,880,000 73,214,000 0 09/30/2024<br />
Totals $1,300,000,000 $1,300,000,000 $ 82,905,000 $887,315,944 $ 0<br />
(12) <strong>The</strong>re have been no quasi-reorganizations.<br />
(13) <strong>The</strong>re have been no quasi-reorganizations.<br />
14. Contingencies<br />
A. In the mid-1980’s the <strong>Company</strong> sold commercial mortgage loans through grantor trusts, which issued pass-through certificates. <strong>The</strong> <strong>Company</strong><br />
has agreed to repurchase any mortgage loans which remain delinquent for 90 days at a repurchase price substantially equal to the outstanding<br />
principal balance plus accrued interest thereon to the date of repurchase. It is management’s opinion that the value of the properties<br />
underlying these commitments is sufficient that in the event of default, the impact would not be material to the <strong>Company</strong>.<br />
19.10
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
15. Leases<br />
As of December 31, 2008, the <strong>Company</strong>’s investment commitments for real estate and limited partnerships totaled $704,578,054.<br />
B. Assessments<br />
Not applicable<br />
C. Gain Contingencies<br />
Not applicable<br />
D. Claims Related Extra Contractual Obligation and Bad Faith Losses Stemming From Lawsuits<br />
<strong>The</strong>re were 3 claims-related lawsuits during 2008 in which the <strong>Company</strong> paid approximately $38,000 in extra contractual amounts.<br />
E. All Other Contingencies<br />
In the opinion of the <strong>Company</strong>, there are no other contingencies that would have a material adverse financial effect upon the <strong>Company</strong>.<br />
A. Lessee Leasing Arrangements<br />
(1) <strong>The</strong> <strong>Company</strong> is party to operating leases with rental expenses for 2008 and 2007 of $36,496,518 and $36,839,816, respectively.<br />
(2) At December 31, 2008, the minimum aggregate rental commitments are as follows:<br />
Year Ending December 31 Operating Leases<br />
2009 $17,931,301<br />
2010 $11,385,321<br />
2011 $11,009,372<br />
2012 $10,332,584<br />
2013 $ 8,029,741<br />
(3) <strong>The</strong> <strong>Company</strong> leases its home office properties through sale-leaseback agreements that include renewal and purchase options.<br />
Currently, the lease is scheduled to expire in 2019. At December 31, 2008, the <strong>Company</strong> has the option to extend the lease for four<br />
additional terms of 5 years each. <strong>The</strong> agreements provide the <strong>Company</strong> with the right of first refusal to purchase the properties at a<br />
price as defined in the agreements. <strong>The</strong> <strong>Company</strong> also has the option to purchase the leased properties at fair market value as<br />
defined in the agreements on the last day of any lease term period.<br />
B. Lessor Leases<br />
(1) Operating Leases<br />
<strong>The</strong> <strong>Company</strong> owns and leases real estate and transportation equipment. It is an insignificant part of the business activities in<br />
terms of revenue, net income and assets.<br />
(2) Leveraged Leases<br />
Not applicable.<br />
16. Information About <strong>Financial</strong> Instruments With Off-Balance Sheet Risk And <strong>Financial</strong> Instruments With Concentrations of Credit Risk<br />
(1) <strong>The</strong> total notional amounts outstanding for the <strong>Company</strong>’s derivatives were as follows (in thousands):<br />
December 31<br />
Derivative 2008 2007<br />
Interest Rate Caps $2,200,000 $4,100,000<br />
SPX Call Options 2,951,113 2,857,731<br />
Interest Rate Swaps 484,713 1,067,947<br />
Cross Currency Swaps 366,465 366,465<br />
Credit Default Swaps 149,475 60,000<br />
Total Derivatives $ 6,151,766 $ 8,452,143<br />
(2) Refer to Footnote 8 for discussion of off-balance sheet risks associated with derivative contracts.<br />
(3) Refer to Footnote 8 for discussion of off-balance sheet risks associated with derivative contracts.<br />
(4) Refer to Footnote 8 for discussion of off-balance sheet risks associated with derivative contracts.<br />
17. Sale, Transfer and Servicing of <strong>Financial</strong> Assets and Extinguishments of Liabilities<br />
A. Transfers of Receivables Reported as Sales<br />
Not applicable.<br />
B. Transfer and Servicing of <strong>Financial</strong> Assets<br />
(1) <strong>The</strong>re were no assets obtained or liabilities incurred in transfers of financial assets which it was not practicable to estimate the fair<br />
value at December 31, 2008.<br />
(2) Securities loaned are treated as collateralized financing transactions. <strong>The</strong> <strong>Company</strong>’s loaned securities consist mainly of<br />
fixed-income securities. At December 31, 2008, the total value of securities loaned to others was $430,649,075. <strong>The</strong> <strong>Company</strong><br />
will hold collateral securities with a market value at least equal to the securities loaned. Collateral held consists of cash and<br />
securities. Cash collateral is invested in securities or used for general corporate purposes. <strong>The</strong> <strong>Company</strong>’s agreements with third<br />
parties generally contain contractual provisions to allow for additional collateral to be obtained when necessary. <strong>The</strong> <strong>Company</strong><br />
values collateral daily and obtains additional collateral when deemed appropriate.<br />
(3) <strong>The</strong> <strong>Company</strong> had no servicing assets or servicing liabilities at December 31, 2008.<br />
(4) <strong>The</strong> <strong>Company</strong> has not securitized financial assets that were accounted for as a sale in 2008.<br />
(5) <strong>The</strong> <strong>Company</strong> had no retained interests in securitized financial assets at December 31, 2008.<br />
C. As the <strong>Company</strong> strives to maximize investment earnings and minimize interest and credit risk, wash sales occur if market activity within<br />
thirty days after the original sale warrants subsequent repurchases. Internal investment guidelines are followed for all purchases and sales of<br />
investments. <strong>The</strong> <strong>Company</strong> had no wash sales during 2008.<br />
19.11
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
18. Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans<br />
Not applicable.<br />
19. Direct Premium Written/Produced by Managing General Agents/Third Party Administrators<br />
Not applicable.<br />
20. Other Items<br />
A. Extraordinary Items<br />
Not applicable.<br />
B. Troubled Debt Restructuring<br />
Not applicable<br />
C. Other Disclosures<br />
Not applicable.<br />
D. Uncollectible Balances<br />
<strong>The</strong> <strong>Company</strong> does not have any material uncollectible balances.<br />
E. Business Interruption <strong>Insurance</strong> Recoveries<br />
Not applicable.<br />
F. State Transferable Tax Credits<br />
(1) Gross transferable state tax credit by state before state tax liabilities at December 31, 2008;<br />
CAPCO<br />
Alabama $ 1,621,590<br />
Colorado 660,077<br />
Louisiana 250,702<br />
Texas 1,755,963<br />
Total $ 4,288,332<br />
(2) Total unused transferable state tax credits at December 31, 2008;<br />
CAPCO<br />
Alabama $ 1,621,590<br />
Colorado 660,077<br />
Louisiana 250,702<br />
Texas 1,755,963<br />
Total $ 4,288,332<br />
(3) <strong>The</strong> method of estimating the remaining transferable state tax credits by state is based on the initial investment obligation and<br />
subsequent future years cash payment obligations.<br />
(4) <strong>The</strong>re are no impaired transferable state tax credits at December 31, 2008.<br />
G. Hybrid Securities<br />
CUSIP Name of Issuer General Description Book/Adjusted<br />
Carrying Value<br />
001822AA3 ANZ CAP TR I ANZ CAP TR I 144A TR SECS $ 4,363,828<br />
001822AB1 ANZ CAP TR I ANZ CAP TR I 144A TR SECS 18,704,342<br />
002920AC0 ABBEY NATIONAL PLC-ADR ABBEY NATIONAL PLC SB DBS 5,126,894<br />
003723AA1 ABN AMRO NA HLDGS INC ABN AMRO NA HLDGS INC 144A FLT BD 46,966,529<br />
01039XAA8 ALABAMA POWER CAP TR ALABAMA POWER CAP TR CO GUARNT 5,018,510<br />
02637VAA6 AMERICAN GENERAL INST CAP<br />
A<br />
AMERICAN GENERAL INST CAP A 144A<br />
CAP 7,066,541<br />
02637XAA2 AMERICAN GENL INSTIT CAP AMERICAN GENL INSTIT CAP 144A CAP<br />
SECS 6,304,905<br />
037388AE5 AON CAPITAL TRUST AON CAPITAL TRUST A CAP SEC 24,033,812<br />
05529MAA0 BB&T CAP TR I BB&T CAP TR I GTD CAP SECS 9,973,193<br />
055967AA1 BOI CAP FDG NO 2 LP BOI CAP FDG NO 2 LP FXD/FLTG GTD<br />
144A 13,520,830<br />
06738C828 BARCLAYS BANK PLC PFD BARCLAYS BANK PLC 16,000,000<br />
06738CA@8 BARCLAYS BANK PLC PFD BARCLAYS BANK PLC PERPETUAL<br />
FLOATER 5,382,090<br />
06738CAE9 BARCLAYS BANK PLC PFD BARCLAYS BANK PLC 144A BD 5,368,190<br />
124789AA6 CBA CAPITAL TRUST I CBA CAPITAL TRUST I 144A TR PFD 8,797,585<br />
12479BAA0 CBA CAP TR II CBA CAP TR II 144A TR PFD SEC 5,000,000<br />
17133PAA6 CHUO MITSUI TR & BKG<br />
COMPANT L<br />
CHUO MITSUI TR & BKG CO LTD SB<br />
PERP 14 9,970,451<br />
17305HAA6 CITIGROUP CAPITAL III CITIGROUP CAPITAL III GTD NT 4,409,180<br />
218698AA6 CORESTATES CAPITAL CORESTATES CAPITAL 144A CAP SECS<br />
TRUPS 11,824,310<br />
21869MAA5 CORESTATES CAPITAL III CORESTATES CAPITAL III FLT RT 144A 14,731,795<br />
23327@AA4 DFA PREFERRED CAP TRUST I DFA PFD CAP TR I CUM GTD PFD SECS 19,205,951<br />
236363AA5 DANSKE BK A/S DANSKE BANK A/S PER CAP SECS 144A<br />
FXD/ 91,693,636<br />
25153RAA0 DEUTSCHE BK CAP FDG TR VII DEUTSCHE BK CAP FDG TR VII 144A TR<br />
PFD 3,000,000<br />
25746RAE6 DOMINION CAPITAL TRUST I DOMINION RESOURCES CAP TR GTD DB 4,000,000<br />
31847JAB6 FIRST AMERICAN CAPITAL TR I FIRST AMERICAN CAPITAL TR I CAP 18,207,571<br />
19.12
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SECS<br />
32050QAC8 FIRST HAWAIIAN CAPITAL FIRST HAWAIIAN CAPITAL TRUST NTS<br />
TRUST<br />
6,500,000<br />
32082CAC1 FIRST MARYLAND CAPITAL II FIRST MARYLAND CAP II GTD SB FLTG<br />
RT 8,706,858<br />
320870AA6 FIRST MIDWEST CAP TR FIRST MIDWEST CAP TR I SER B BD 11,085,400<br />
40411CAA0 HBOS CAP FDG NO 2 LP HBOS CAP FNDG NO 2 LP PERP PFD<br />
SECS 14 10,000,000<br />
40429Q200 HSBC CAP FDG DLR 2 LP HSBC CAP FDG DLR 2 LP STEP UP PERP<br />
144 7,172,418<br />
42205MAB2 HBOS PLC HBOS PLC ADR REPSTG PREF SER A<br />
144A PE 10,016,096<br />
446283AD5 HUNTINGTON CAPITAL TRUST I HUNTINGTON CAPITAL TRUST I FLTG<br />
RT NT 8,328,607<br />
44965TAA5 ILFC E CAPITAL TRUST I ILFC E-CAPITAL TR I ENHCD CAP<br />
FX-FLT B 8,991,233<br />
44965UAA2 ILFC E CAPITAL TRUST II ILFC E-CAPITAL TR II ENHCD CAP<br />
FX-FLT 4,994,877<br />
44978NAA3 ING GROEP NV ING CAPITAL FNDG TR III FLTG GLBL BD 10,542,400<br />
456837AC7 ING GROEP NV ING GROEP NV GLBL PERP DEBT SECS 6,000,000<br />
46625HHA1 JPMORGAN CHASE & CO JPMORGAN CHASE & CO DEP SHS SER 1 15,000<br />
46627NAA3 JP MORGAN CHASE CAPITAL XV JP MORGAN CHASE CAPITAL XV NT 4,929,946<br />
46631VAA9 JPM CHASE CAPITAL XXV JPM CHASE CAPITAL XXV BD 2,502,341<br />
48239AAA7 KBC BANK FUND TRUST III KBC BANK FUNDING 24,090,458<br />
51488YAB5 LANDESBANK BADEN<br />
WURTTEMBERG N<br />
LANDESBANK BADEN WURTTEMBERG<br />
NY BRCH M 30,000,000<br />
55263BAA9 MBNA CAPITAL MBNA CAPITAL SER A GTD BD 6,731,268<br />
55263KAA9 MBNA GLOBAL CAPITAL<br />
SECURITIES<br />
MBNA GLOBAL CAP SECURITIES JR SB F<br />
2,480,501<br />
564759NH7 M&T BANK CORP M&T BANK CORP FLT SB NT 2,449,492<br />
59156RAP3 METLIFE INC METLIFE INC JR SB FXD/FLTG DB 8,095<br />
606859AA4 MIZUHO CAP INVT USD 1<br />
LTD/EURO<br />
MIZUHO CAP INVT USD 1 LTD/EURO 1<br />
LTD 1 5,000,000<br />
62914EAA2 NIB CAP BK NV NIB CAPITAL BANK NV PERP 144A DB 28,500,000<br />
635192AA5 NATIONAL CAP TR II DEL NATIONAL CAPITAL TR II DEL GTD 144A<br />
TR 5,000,000<br />
638539AH9 NATIONAL WESTMINSTER BK NATIONAL WESTMINSTER BANK PLC 4,997,952<br />
638539B*6 NATIONAL WESTMINSTER BK NATL WESTMINSTER BK PERP SER A 7,582,822<br />
638611AA1 NATIONWIDE FINL SVC INC CAP<br />
TR<br />
NATIONWIDE FINL SERVICES INC CAP<br />
TR JR 3,000,000<br />
65555RAA0 NORDBANKEN AB NORDBANKEN AB 144A MULTI CPN<br />
FLIRB 21,833,119<br />
66567EAW5 NORTHERN ROCK PLC NORTHERN ROCK PLC 144A MTN 21,083,002<br />
693475AJ4 PNC FINANCIAL SERVICES GRP<br />
INC<br />
PNC FINL SVCS GROUP INC DEP SHS JR<br />
SB 49,533<br />
733186AA8 POPULAR NORTH AMERICA CAP<br />
TR I<br />
POPULAR NORTH AMER CAP TR I GTD<br />
CAP SE 9,075,265<br />
74728GAA8 QBE INSURANCE GROUP LTD QBE INS GRP LTD SB FXD/FLTG RT 144A<br />
NT 27,339,558<br />
749274AA4 RBS CAPITAL TRUST I RBS CAPITAL TRUST I PERP 19,085,847<br />
74927QAA5 RBS CAPITAL TR III RBS CAPITAL TR III PERP 30,203,922<br />
749768AA5 RABOBANK CAP FDG TR II RABOBANK CAP FDG TR II GTD 144A TR<br />
PFD 104,996,105<br />
749769AA3 RABOBANK CAP FDG III TR RABOBANK CAP FDG III TR GTD 144A<br />
TR PF 25,000,000<br />
76117HAA0 RESONA PFD GLBL SECS<br />
CAYMAN LT<br />
RESONA PFD GLBL SECS CAYMAN LTD<br />
PERP P 24,922,787<br />
76117JAB4 RESONA BANK LTD RESONA BANK LTD PERP SB 144A BD 19,418,099<br />
780097AE1 ROYAL BANK SCOTLAND GRP<br />
PLC<br />
ROYAL BK OF SCOTLAND GRP PLC<br />
NONCUM PF 15,087,904<br />
82463MAA7 SHINSEI FIN CAYMAN LTD SHINSEI FIN CAYMAN LTD PERP PFD<br />
144A S 25,658,524<br />
830505AL7 SKANDINAVISKA ENSKILDA SKANDINAVISKA ENSKILDA CAP<br />
CONTR VR BD 51,750,169<br />
830505AM5 SKANDINAVISKA ENSKILDA SKANDINAVISKA ENSKILDA BANKEN<br />
CAP CONT 15,000,000<br />
83367TAA7 SOCIETE GENERALE SOCIETE GENERALE 144A SB FXD TO<br />
FLTG R 19,000,000<br />
846504AB4 SPAREBANKEN ROGALAND SPAREBANKEN ROGALAND PERP<br />
STEP-UP CAP 10,100,000<br />
854624AC7 STANLEY WKS CAP TR I STANLEY WKS CAP TR I FXD<br />
ENHANCED PFD 6,000,000<br />
865622AB0 SUMITOMO MITSUI BANK CORP SUMITOMO MITSUI BKG CORP US$<br />
PERP SB F 19,994,612<br />
86787XAA3 SUNTRUST CAPITAL I SUNTRUST CAPITAL I FLOATING RATE<br />
NTS 19,990,991<br />
869099AF8 SUSQUEHANNA BANCSHARES<br />
INC<br />
SUSEQUEHANNA BANCSHARES<br />
FXD/FLTG RT SB 4,992,332<br />
893472AA8 TRANSAMERICA CAPITAL II TRANSAMERICA CAPITAL II 144A 10,037,763<br />
901704AA4 TWIN REEFS TWIN REEFS PSTHR PERP FLTG RT 144A 195,000<br />
90212EAA2 TWO ROCK PASS THROUGH TWO ROCK PASS THRU PERP FLTG<br />
PSTHR CTF 200,000<br />
90262PAA6 UBS PFD FUNDING TR I UBS PFD FUNDING TR I GLBL BD 28,154,331<br />
90262WAA1 UBS PFD FDG TR II UBS PFD FDG TR II GTD PFD BD 29,964,314<br />
902965AA0 USF&G CAPITAL I USF&G CAPITAL I CORP 144A GTD NT 2,000,000<br />
90466HAA8 UNICREDITO ITALIANO CAP TR UNICREDITO ITALIANO CAP TR 11 GTD<br />
144A 5,996,922<br />
906548BT8 UNION ELECTRIC CO UNION ELECTRIC CO SER A SB NT 18,862,076<br />
91731KAA8 USB CAP IX USB CAPITAL IX GTD NORMAL INCOME 28,553<br />
19.13
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
TR SE<br />
929767AA9 WACHOVIA CAPITAL TRUST I WACHOVIA CAPITAL TR I 144A CAP TR<br />
PRFD 11,932,396<br />
929768AA7 WACHOVIA BANK WACHOVIA BANK CAPITAL TRUST II 4,945,322<br />
94986EAA8 WELLS FARGO CAP XIII WELLS FARGO CAP XIII FXD TO FLT PFD<br />
PU 62,622<br />
96122BAA4 WESTPAC CAPITAL TRUST III WESTPAC CAPITAL TR III 144A TR PFD 34,737,935<br />
96122CAA2 WESTPAC CAP TR IV WESTPAC CAPITAL TR IV FLTG RT 144A<br />
TR 52,366,379<br />
98876XAA0 ZFS FINANCE USA TR I ZFS FIN USA TR I SER I FXD/ADJ RT 144A 4,995,027<br />
98876YAA8 ZFS FINANCE USA TR II ZFS FIN USA TR II SER II FXD/ADJ RT EN 3,488,401<br />
C44802AB9 HYDRO QUEBEC HYDRO QUEBEC EURO NT 4,766,359<br />
F07875AE1 BANQUE NATIONALE DE PARIS<br />
BNP<br />
BNP PARIBAS FLTG JR SB NT<br />
8,246,447<br />
G4637EBF1 HSBC BANK PLC HSBD BANK PLC FTG RT JR SB NT PERP 8,030,515<br />
G55356AH5 LLOYDS BANK PLC LLOYDS BANK PLC SER 2 PERP FLTG SB<br />
NT 27,714,343<br />
G63812AE4 NATIONAL WESTMINSTER BANK NATL WESTMINSTER BK PERPETUAL<br />
FLT C 4,344,562<br />
G76891AD5<br />
ROYAL BANK OF SCOTLAND<br />
GROUP P<br />
ROYAL BANK OF SCOTLAND GROUP<br />
PLC FLTG 8,708,155<br />
20G9999 Total $ 1,338,655,098<br />
H. Subprime Mortgage Related Risk Exposure<br />
(1) Our exposure to subprime mortgage lending is limited to investments in banks and other financial institutions that may be<br />
impacted by subprime lending and direct investments in asset-backed securities collateralized debt obligations, asset-backed<br />
securities (ABS) and residential mortgage-backed securities (RMBS). Mortgage-related ABS are backed by home equity loans<br />
and RMBS are backed by residential mortgages. <strong>The</strong>se securities are backed by loans that are characterized by borrowers of<br />
differing levels of creditworthiness: prime, Alt-A and subprime. Prime lending is the origination of residential mortgage loans to<br />
customers with excellent credit profiles. Alt-A lending is the origination of residential mortgage loans to customers who have<br />
Prime credit profiles but lack documentation to substantiate income. Subprime lending is the origination of loans to customers<br />
with weak or impaired credit profiles.<br />
<strong>The</strong> slowing U.S. housing market, increased interest rates for non-Prime borrowers and relaxed underwriting standards over the last<br />
several years has led to higher delinquency rates for residential mortgage loans and home equity loans. We expect delinquency<br />
rates and loss rates on residential mortgages and home equity loans to increase in the future; however, we continue to expect to<br />
receive payments in accordance with contractual terms for a significant amount of our securities, largely due to the seniority of the<br />
claims on the collateral of the securities that we own. <strong>The</strong> tranches of the securities will experience losses according to their<br />
seniority level with the least senior (or most junior), typically the unrated residual tranche, taking the initial loss. <strong>The</strong> credit ratings<br />
of our securities reflect the seniority of the securities that we own.<br />
(1) <strong>The</strong> <strong>Company</strong> does not have any investments in subprime mortgage loans.<br />
(2) Securities with Underlying Subprime Exposure:<br />
Type of Investment Actual Cost Book Adjusted<br />
Carrying Value<br />
Fair Value<br />
Other Than<br />
Temporary Losses<br />
Other Assets $ 540,534,611 $ 542,212,934 $ 330,120,714 $ 9,153,037<br />
Total $ 540,534,611 $ 542,212,934 $ 330,120,714 $ 9,153,037<br />
(3) <strong>The</strong> <strong>Company</strong> does not have any policies issued for Mortgage Guaranty or <strong>Financial</strong> Guaranty insurance coverage.<br />
I. Federal Home Loan Bank (FHLB) Agreements<br />
21. Events Subsequent<br />
Type I<br />
Not applicable.<br />
Type II<br />
Not applicable.<br />
(1) During 2008 the <strong>Company</strong> entered into an agreement with the Federal Home Loan Banking System in order to secure additional<br />
borrowing capacity. <strong>The</strong> funding will be used to improve the liquidity position of the company and for strategic initiatives.<br />
(2) As part of the agreement, the <strong>Company</strong> purchased 189,464 shares in the Federal Home Loan Bank of Indianapolis at a cost of $18.9<br />
million.<br />
(3) Outstanding debt is required to be collateralized by securities with a market value at least equal to the outstanding principal. At<br />
December 31, 2008 the market value of the securities used as collateral was $285 million.<br />
(4) <strong>The</strong> agreement provides a funding capacity of up to $378 million. At December 31, 2008 the <strong>Company</strong>’s outstanding borrowing is $250<br />
million.<br />
(5) Reserves Related to FHLB Funding Agreements<br />
Not applicable.<br />
(6) Classification of Assets and Liabilities in General Accounts or Separate Accounts<br />
Not applicable.<br />
19.14
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
22. Reinsurance<br />
A. Ceded Reinsurance Report<br />
Section 1 - General Interrogatories<br />
1. Are any of the reinsurers, listed in Schedule S as non-affiliated, owned in excess of 10% or controlled, either directly or indirectly,<br />
by the company or by any representative, officer, trustee, or director of the company?<br />
Yes ( ) No (X)<br />
If yes, give full details.<br />
2. Have any policies issued by the company been reinsured with a company chartered in a country other than the United States<br />
(excluding U.S. Branches of such companies) that is owned in excess of 10% or controlled directly or indirectly by an insured, a<br />
beneficiary, a creditor or an insured or any other person not primarily engaged in the insurance business?<br />
Yes ( ) No (X)<br />
If yes, give full details.<br />
Section 2 – Ceded Reinsurance Report – Part A<br />
1. Does the company have any reinsurance agreements in effect under which the reinsurer may unilaterally cancel any reinsurance for<br />
reasons other than for nonpayment of premium or other similar credits?<br />
Yes ( ) No (X)<br />
a. If yes, what is the estimated amount of the aggregate reduction in surplus of a unilateral cancellation by the reinsurer as<br />
of the date of this statement, for those agreements in which cancellation results in a net obligation of the company to<br />
the reinsurer, and for which such obligation is not presently accrued? Where necessary, the company may consider the<br />
current or anticipated experience of the business reinsured in making this estimate. $________________<br />
b. What is the total amount of reinsurance credits taken, whether as an asset or as a reduction of liability, for these<br />
agreements in this statement? $________________<br />
2. Does the company have any reinsurance agreements in effect such that the amount of losses paid or accrued through the statement<br />
date may result in a payment to the reinsurer of amounts that, in aggregate and allowing for offset of mutual credits from other<br />
reinsurance agreements with the same reinsurer, exceed the total direct premium collected under the reinsured policies?<br />
Yes ( ) No (X)<br />
If yes, give full details.<br />
Section 3 – Ceded Reinsurance Report – Part B<br />
1. What is the estimated amount of the aggregate reduction in surplus, (for agreements other than those under which the reinsurer may<br />
unilaterally cancel for reasons other than for nonpayment of premium or other similar credits that are reflected in Section 2 above)<br />
of termination of all reinsurance agreements, by either party, as of the date of this statement? Where necessary, the company may<br />
consider the current or anticipated experience of the business reinsured in making this estimate $0.<br />
2. Have any new agreements been executed or existing agreements amended, since January 1 of the year of this statement, to include<br />
policies or contracts that were in force or which had existing reserves established by the company as of the effective date of the<br />
agreement?<br />
Yes ( X ) No ( )<br />
If yes, what is the amount of reinsurance credits, whether an asset or a reduction of liability, taken for such new agreements or<br />
amendments? $ 804,640,124<br />
B. Uncollectible Reinsurance<br />
<strong>The</strong> <strong>Company</strong> had no uncollectible reinsurance written off in 2008.<br />
C. Commutation of Reinsurance Reflected in Income and Expenses.<br />
<strong>The</strong> <strong>Company</strong> had no commutation of ceded reinsurance in 2008.<br />
23. Retrospectively Rated Contracts & Contracts Subject to Redetermination<br />
Not applicable.<br />
24. Change in Incurred Losses and Loss Adjustment Expenses<br />
<strong>The</strong> <strong>Company</strong>’s reserves for incurred losses attributable to insured events of prior years has not changed for 2008. <strong>The</strong> reserve balance remains $28.7<br />
million in 2008.<br />
25. Intercompany Pooling Arrangements<br />
<strong>The</strong> <strong>Company</strong> does not participate in intercompany pooling arrangements.<br />
26. Structured Settlements<br />
Not applicable.<br />
27. Health Care Receivables<br />
Not applicable.<br />
28. Participating Policies<br />
(1) <strong>The</strong> relative percentage of participating insurance – 1.1%<br />
(2) <strong>The</strong> method of accounting for policyholders dividend – as defined and required by the NAIC.<br />
(3) <strong>The</strong> amount of dividends - $63,885,398<br />
(4) <strong>The</strong> amount of any additional income allocated to participating policyholders - $0<br />
29. Premium Deficiency Reserves<br />
Not applicable.<br />
19.15
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
30. Reserves for <strong>Life</strong> Contracts and Deposit-Type Contracts<br />
(1) <strong>The</strong> <strong>Company</strong> waives deduction of deferred fractional premiums upon death of insured and returns any portion of the final premium beyond<br />
the date of death. Surrender values are not promised in excess of the legally computed reserves.<br />
(2) Ordinary policies issued substandard are valued on the multiple table reserve basis. Group insurance and risk premium reinsurance policies<br />
subject to multiple table ratings are valued on the basis of the corresponding multiples of the standard reserves. Policies issued with premiums<br />
and values based on rated ages are valued according to the rated ages. An additional unearned reserve of 50% of the net extra premium is<br />
carried on policies with flat extra premiums.<br />
(3) As of December 31, 2008, the <strong>Company</strong> had $213,901,997,926 of insurance in force for which the gross premiums are less than the net<br />
premiums according to valuation standards set by the State of Indiana. Reserves to cover the above-mentioned insurance totaled<br />
$1,043,462,906 and are reported in Exhibit 5, Section G.<br />
(4) <strong>The</strong> Tabular Interest has been determined by formula or from the basic data for such items. Basic data is defined as interest credited plus<br />
change in accrued interest.<br />
<strong>The</strong> Tabular Less Actual Reserve Released has been determined by formula or from the basic data for such items.<br />
<strong>The</strong> Tabular Cost has been determined by formula or from the basic data for such items.<br />
(5) For the determination of Tabular Interest on funds not involving life contingencies, the Tabular Interest is determined by formula or from the<br />
basic data for such items.<br />
(6) <strong>The</strong> <strong>Company</strong> had other reserves changes in Exhibit 5 attributable to change in reserves ceded to reinsurers; change in reserve adjustment (the<br />
difference between the account value and reserve); change in the additional return of premium reserve; reserve valuation corrections; and<br />
change in the additional policy reserves, the GMDB reserve, the GLB reserve, the mortality fluctuation reserve, and the asset/liability analysis<br />
reserves in Exhibit 5G.<br />
31. Analysis of Annuity Actuarial Reserves and Deposit Type Liabilities by Withdrawal Characteristics<br />
Amount % of Total<br />
A. Subject to discretionary withdrawal:<br />
(1) With fair value adjustment $ 10,150,803,914 13%<br />
(2) At book value less current surrender charge of 5% or more 837,572,736 1%<br />
(3) At fair value 48,380,648,999 60%<br />
(4) Total with adjustment or at market value 59,369,025,649 74%<br />
(5) At book value without adjustment (minimal or no charge) 16,466,490,873 21%<br />
B Not subject to discretionary withdrawal 4,252,555,777 5%<br />
C. Total (gross) $ 80,088,072,299 100%<br />
D. Reinsurance ceded 1,256,120,969<br />
E. Total (net)* (C) – (D) $ 78,831,951,330<br />
*Reconciliation of total annuity actuarial reserves and deposit fund liabilities.<br />
F. <strong>Life</strong> & Accident & Health Annual Statement: Amount<br />
(1) Exhibit 5, Annuities Section, Total (net) $ 27,878,007,261<br />
(2) Exhibit 5, Supplementary Contracts with <strong>Life</strong> Contingencies Section, Total (net) 94,511,134<br />
(3) Exhibit 7, Deposit-Type Contracts Line 14, Column 1 1,213,055,159<br />
(4) Subtotal $ 29,185,573,554<br />
Separate Accounts Annual Statement:<br />
(5) Exhibit 3, Line 0299999, Column 2 $ 49,046,856,058<br />
(6) Exhibit 3, Line 0399999, Column 2 -<br />
(7) Policyholder dividend and coupon accumulations -<br />
(8) Policyholder premiums -<br />
(9) Guaranteed interest contacts 599,521,718<br />
(10) Other contract deposit funds -<br />
(11) Subtotal $ 49,646,337,776<br />
(12) Combined Total $ 78,831,951,330<br />
32. Premium and Annuity Considerations Deferred and Uncollected<br />
A. Deferred and uncollected life insurance premiums and annuity considerations as of December 31, 2008, were as follows:<br />
(1) (2)<br />
Type Gross Net of Loading<br />
(1) Industrial $ - $ -<br />
(2) Ordinary New Business 6,039,076 3,524,261<br />
(3) Ordinary Renewal 77,710,235 117,520,558<br />
(4) Credit <strong>Life</strong> - -<br />
(5) Group <strong>Life</strong> 13,233,071 13,257,078<br />
(6) Group Annuity 7,397 7,397<br />
(7) Totals $ 96,989,779 $ 134,309,294<br />
19.16
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
33. Separate Accounts<br />
A. General Nature and Characteristics of Separate Accounts Business<br />
Separate Accounts held by the company represent primarily funds for which the policyholder bears all investment risk. <strong>The</strong> <strong>Company</strong> bears<br />
expense risk and, in some cases, mortality risk. Funds support life contracts in addition to deferred annuities. <strong>The</strong> assets and liabilities of<br />
these accounts are carried at market value. <strong>The</strong> <strong>Company</strong> has a Separate Account containing variable annuities with guarantees. <strong>The</strong>se<br />
Modified Guaranteed Annuities (MGA’s) are valued at market value, and are non-indexed with a guarantee of more than 4%, subject to<br />
discretionary withdrawal with a market value adjustment.<br />
Information regarding the separate accounts of the <strong>Company</strong> is as follows:<br />
(in thousands)<br />
Nonindexed<br />
Guarantee<br />
More<br />
than 4%<br />
Nonguaranteed<br />
Separate<br />
Accounts<br />
Total<br />
1. Premiums, considerations or deposits; year ended 12/31/2008 $ 49,668 $ 8,858,332 $ 8,908,000<br />
2. Reserves at reporting period for accounts with assets at:<br />
a. Fair value 1,157,546 51,876,655 53,034,201<br />
b. Amortized cost - - -<br />
c. Total reserves $1,157,546 $51,876,655 $53,034,201<br />
3. By withdrawal characteristics:<br />
a. Subject to discretionary withdrawal:<br />
b. With FV adjustment $ 558,024 $ - $ 558,024<br />
c. At book value w/o FV adjustment & with current surrender charge, 5% or more - - -<br />
d. At fair value - 51,876,655 51,876,655<br />
e. At book value w/o FV adjustment & with current surrender charge, less than 5% - - -<br />
f. Subtotal 558,024 51,876,655 52,434,679<br />
g. Not subject to discretionary withdrawal 599,522 - 599,522<br />
h. Total $1,157,546 $ 51,277,133 $53,034,201<br />
B. Reconciliation of Net Transfers To or (From) Separate Accounts<br />
(1) Transfers as reported in the Summary of Operations of the Separate Accounts Statement:<br />
a. Transfers to Separate Accounts (Page 4, Line 1.4) $ 8,945,754,862<br />
b. Transfers from Separate Accounts (Page 4, Line 10) 5,675,851,043<br />
c. Net transfers to or (From) Separate Accounts (a) – (b) $ 3,269,903,819<br />
(2) Reconciling Adjustments:<br />
a. N/A $ -<br />
b. N/A $ -<br />
c. N/A $ -<br />
(3) Transfers as Reported in the Summary of Operations<br />
of the <strong>Life</strong>, Accident & Health Annual Statement<br />
(1c) + (2) = (Page 4, Line 26) $ 3,269,903,819<br />
34. Loss / Claim Adjustment Expense<br />
Not applicable.<br />
19.17
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 1 - COMMON INTERROGATORIES<br />
GENERAL<br />
1.1 Is the reporting entity a member of an <strong>Insurance</strong> Holding <strong>Company</strong> System consisting of two or more affiliated persons, one or more of which<br />
is an insurer? Yes [ X ] No [ ]<br />
1.2 If yes, did the reporting entity register and file with its domiciliary State <strong>Insurance</strong> Commissioner, Director or Superintendent or with such<br />
regulatory official of the state of domicile of the principal insurer in the Holding <strong>Company</strong> System, a registration statement providing<br />
disclosure substantially similar to the standards adopted by the <strong>National</strong> Association of <strong>Insurance</strong> Commissioners (NAIC) in its Model<br />
<strong>Insurance</strong> Holding <strong>Company</strong> System Regulatory Act and model regulations pertaining thereto, or is the reporting entity subject to standards<br />
and disclosure requirements substantially similar to those required by such Act and regulations? Yes [ X ] No [ ] N/A [ ]<br />
1.3 State regulating? Indiana<br />
2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the<br />
reporting entity? Yes [ ] No [ X ]<br />
2.2 If yes, date of change:<br />
3.1 State as of what date the latest financial examination of the reporting entity was made or is being made. 12/31/2007<br />
3.2 State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity.<br />
This date should be the date of the examined balance sheet and not the date the report was completed or released. 12/31/2002<br />
3.3 State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the<br />
reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date). 05/10/2004<br />
3.4 By what department or departments? Indiana Department of <strong>Insurance</strong><br />
3.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement<br />
filed with departments? Yes [ ] No [ ] N/A [ X ]<br />
3.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ X ] No [ ] N/A [ ]<br />
4.1 During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any combination<br />
thereof under common control (other than salaried employees of the reporting entity) receive credit or commissions for or control a substantial<br />
part (more than 20 percent of any major line of business measured on direct premiums) of:<br />
4.11 sales of new business? Yes [ ] No [ X ]<br />
4.12 renewals? Yes [ ] No [ X ]<br />
4.2 During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate,<br />
receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:<br />
4.21 sales of new business? Yes [ ] No [ X ]<br />
4.22 renewals? Yes [ ] No [ X ]<br />
5.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [ X ]<br />
5.2 If yes, provide the name of the entity, NAIC company code, and state of domicile (use two letter state abbreviation) for any entity that has ceased<br />
to exist as a result of the merger or consolidation.<br />
1 2 3<br />
Name of Entity NAIC Co. Code State of Domicile<br />
6.1 Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended<br />
or revoked by any governmental entity during the reporting period? Yes [ ] No [ X ]<br />
6.2 If yes, give full information:<br />
7.1 Does any foreign (non-United States) person or entity directly or indirectly control 10% or more of the reporting entity? Yes [ ] No [ X ]<br />
7.2 If yes,<br />
7.21 State the percentage of foreign control ............................................%<br />
7.22 State the nationality(ies) of the foreign person(s) or entity(ies); or if the entity is a mutual or reciprocal,<br />
the nationality of its manager or attorney-in-fact and identify the type of entity(ies) (e.g., individual,<br />
corporation, government, manager or attorney-in-fact)<br />
1 2<br />
<strong>National</strong>ity Type of Entity<br />
8.1 Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board? Yes [ ] No [ X ]<br />
8.2 If response to 8.1 is yes, please identify the name of the bank holding company.<br />
8.3 Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ X ] No [ ]<br />
8.4 If response to 8.3 is yes, please provide the names and locations (city and state of the main office) of any affiliates regulated by a federal<br />
financial regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Office of<br />
Thrift Supervision (OTS), the Federal Deposit <strong>Insurance</strong> Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the<br />
affiliate's primary federal regulator.<br />
1 2 3 4 5 6 7<br />
Affiliate Name Location (City, State) FRB OCC OTS FDIC SEC<br />
<strong>Lincoln</strong> <strong>Financial</strong> Securities Corp Concord, NH YES<br />
Allied Prof. Advisors Inc Concord, NH YES<br />
Hampshire Funding Inc Concord, NH YES YES<br />
<strong>Lincoln</strong> Investment Advisors Corp Fort Wayne, IN YES<br />
<strong>Lincoln</strong> <strong>Financial</strong> Advisors Corp Fort Wayne, IN YES<br />
<strong>Lincoln</strong> <strong>Financial</strong> Distributors, Inc Philadelphia, PA YES<br />
Delaware Distributors, LP Philadelphia, PA YES<br />
9. What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit?<br />
Ernst & Young LLP, 110 West Berry Street, Fort Wayne, Indiana, 46802<br />
10. What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with an actuarial<br />
consulting firm) of the individual providing the statement of actuarial opinion/certification?<br />
Kent Somers (Employee), 1300 South Clinton Street, Fort Wayne, Indiana, 46802<br />
11.1 Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly? Yes [ X ] No [ ]<br />
11.11 Name of real estate holding company<br />
Various<br />
11.12 Number of parcels involved ..........................................37<br />
11.13 Total book/adjusted carrying value $........................244,885,955<br />
20
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 1 - COMMON INTERROGATORIES<br />
11.2 If yes, provide explanation.<br />
Real estate is owned indirectly through limited partnership interest as reported on Schedule BA.<br />
12. FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY:<br />
12.1 What changes have been made during the year in the United States manager or the United States trustees of the reporting entity?<br />
12.2 Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located? Yes [ ] No [ ]<br />
12.3 Have there been any changes made to any of the trust indentures during the year? Yes [ ] No [ ]<br />
12.4 If answer to (12.3) is yes, has the domiciliary or entry state approved the changes? Yes [ ] No [ ] N/A [ ]<br />
13.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions)<br />
of the reporting entity subject to a code of ethics, which includes the following standards? Yes [ X ] No [ ]<br />
a. Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;<br />
b. Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity;<br />
c. Compliance with applicable governmental laws, rules and regulations;<br />
d. <strong>The</strong> prompt internal reporting of violations to an appropriate person or persons identified in the code; and<br />
e. Accountability for adherence to the code.<br />
13.11 If the response to 13.1 is No, please explain:<br />
13.2 Has the code of ethics for senior managers been amended? Yes [ ] No [ X ]<br />
13.21 If the response to 13.2 is Yes, provide information related to amendment(s).<br />
13.3 Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [ X ]<br />
13.31 If the response to 13.3 is yes, provide the nature of any waiver(s).<br />
BOARD OF DIRECTORS<br />
14. Is the purchase or sale of all investments of the reporting entity passed upon either by the Board of Directors or a subordinate committee thereof? Yes [ X ] No [ ]<br />
15. Does the reporting entity keep a complete permanent record of the proceedings of its Board of Directors and all subordinate committees thereof? Yes [ X ] No [ ]<br />
16. Has the reporting entity an established procedure for disclosure to its Board of Directors or trustees of any material interest or affiliation<br />
on the part of any of its officers, directors, trustees or responsible employees that is in conflict or is likely to conflict with the official duties<br />
of such person? Yes [ X ] No [ ]<br />
FINANCIAL<br />
17. Has this statement been prepared using a basis of accounting other than Statutory Accounting Principles (e.g., Generally Accepted Accounting Principles)? Yes [ ] No [ X ]<br />
18.1 Total amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans):<br />
18.11 To directors or other officers $..........................................0<br />
18.12 To stockholders not officers $..........................................0<br />
18.13 Trustees, supreme or grand (Fraternal only) $..........................................0<br />
18.2 Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of policy loans):<br />
18.21 To directors or other officers $..........................................0<br />
18.22 To stockholders not officers $..........................................0<br />
18.23 Trustees, supreme or grand (Fraternal only) $..........................................0<br />
19.1 Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the liability for<br />
such obligation being reported in the statement? Yes [ ] No [ X ]<br />
19.2 If yes, state the amount thereof at December 31 of the current year:<br />
19.21 Rented from others ...............................................<br />
19.22 Borrowed from others ...............................................<br />
19.23 Leased from others ...............................................<br />
19.24 Other ...............................................<br />
20.1 Does this statement include payments for assessments as described in the Annual Statement Instructions other than guaranty<br />
fund or guaranty association assessments? Yes [ X ] No [ ]<br />
20.2 If answer is yes:<br />
20.21 Amount paid as losses or risk adjustment $............................1,133,074<br />
20.22 Amount paid as expenses $...............................181,164<br />
20.23 Other amounts paid $..........................................0<br />
21.1 Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement? Yes [ X ] No [ ]<br />
21.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount. $..........................................0<br />
INVESTMENT<br />
22.1 Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control,<br />
in the actual possession of the reporting entity on said date (other than securities lending programs addressed in 22.3)? Yes [ X ] No [ ]<br />
22.2 If no, give full and complete information relating thereto.<br />
22.3 For security lending programs, provide a description of the program including value for collateral and amount of loaned securities, and whether<br />
collateral is carried on or off-balance sheet (an alternative is to reference Note 16 where this information is also provided).<br />
See Note 17<br />
22.4 Does the company's security lending program meet the requirements for a conforming program as outlined in the Risk-Based Capital Instructions? Yes [ X ] No [ ]<br />
22.5 If answer to 22.4 is yes, report amount of collateral. $........................426,959,546<br />
22.6 If answer to 22.4 is no, report amount of collateral. ...............................................<br />
23.1 Were any of the stocks, bonds or other assets of the reporting entity owned at December 31 of the current year not exclusively under the<br />
control of the reporting entity, or has the reporting entity sold or transferred any assets subject to a put option contract that is currently in force?<br />
(Exclude securities subject to Interrogatory 19.1 and 22.3) Yes [ X ] No [ ]<br />
20.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 1 - COMMON INTERROGATORIES<br />
23.2 If yes, state the amount thereof at December 31 of the current year:<br />
23.21 Subject to repurchase agreements $..........................................0<br />
23.22 Subject to reverse repurchase agreements $........................477,714,631<br />
23.23 Subject to dollar repurchase agreements $..........................................0<br />
23.24 Subject to reverse dollar repurchase agreements $..........................................0<br />
23.25 Pledged as collateral $........................345,528,695<br />
23.26 Placed under option agreements $..........................................0<br />
23.27 Letter stock or securities restricted as to sale $..........................................0<br />
23.28 On deposit with state or other regulatory body $..........................29,069,846<br />
23.29 Other $..........................................0<br />
23.3 For category (23.27) provide the following:<br />
1 2 3<br />
Nature of Restriction Description Amount<br />
24.1 Does the reporting entity have any hedging transactions reported on Schedule DB? Yes [ X ] No [ ]<br />
24.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ X ] No [ ] N/A [ ]<br />
If no, attach a description with this statement.<br />
25.1 Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the<br />
issuer, convertible into equity? Yes [ X ] No [ ]<br />
25.2 If yes, state the amount thereof at December 31 of the current year: $............................7,868,142<br />
26. Excluding items in Schedule E-Part 3-Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity's offices,<br />
vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement<br />
with a qualified bank or trust company in accordance with Section 3, III Conducting Examinations, F - Custodial or Safekeeping Agreements of the<br />
NAIC <strong>Financial</strong> Condition Examiners Handbook? Yes [ X ] No [ ]<br />
26.01 For agreements that comply with the requirements of the NAIC <strong>Financial</strong> Condition Examiners Handbook, complete the following:<br />
1 2<br />
Name of Custodian(s) Custodian's Address<br />
Bank of New York Mellon One Wall Street - 14th Floor, New York, NY 10286<br />
26.02 For all agreements that do not comply with the requirements of the NAIC <strong>Financial</strong> Condition Examiners Handbook, provide the<br />
name, location and a complete explanation:<br />
1 2 3<br />
Name(s) Location(s) Complete Explanation(s)<br />
26.03 Have there been any changes, including name changes, in the custodian(s) identified in 26.01 during the current year? Yes [ ] No [ X ]<br />
26.04 If yes, give full and complete information relating thereto:<br />
1 2 3 4<br />
Old Custodian New Custodian Date of Change Reason<br />
26.05 Identify all investment advisors, brokers/dealers or individuals acting on behalf of broker/dealers that have access to the investment<br />
accounts, handle securities and have authority to make investments on behalf of the reporting entity:<br />
1 2 3<br />
Central Registration Depository Number(s) Name Address<br />
105390 Delaware Management Business Trust 2005 Market St., Philadelphia, PA 19103-7098<br />
27.1 Does the reporting entity have any diversified mutual funds reported in Schedule D-Part 2 (diversified according to the Securities and<br />
Exchange Commission (SEC) in the Investment <strong>Company</strong> Act of 1940 [Section 5(b)(1)])? Yes [ X ] No [ ]<br />
27.2 If yes, complete the following schedule:<br />
1 2 3<br />
CUSIP # Name of Mutual Fund Book/Adj.Carrying Value<br />
24610B 85 9 Delaware Grp Equity Fnd V-Smallcap Core 3,758,724<br />
246248 64 5 Delaware Pooled Trust - All Cap Growth 1,113,932<br />
534898 20 0 LVIP Cohen & Steers Gbl Real Est Fd - Service CL B 4,673<br />
534898 10 1 LVIP Cohen & Steers Glbl Real Est Fd - Standard CL A 933,828<br />
534898 66 3 LVIP SSGA Bond Index Fund - Standard CL 103,304<br />
534898 73 9 LVIP SSGA Bond Index Fund - Service CL 20,524,071<br />
534898 64 8 LVIP SSGA Developed International - Standard CL 57,265<br />
534898 71 3 LVIP SSGA Developed International - Service CL 5,660,834<br />
534898 63 0 LVIP SSGA Emerging Markets - Standard CL 59,271<br />
534898 69 7 LVIP SSGA Emerging Markets - Service CL 4,379,573<br />
534898 65 5 LVIP SSGA International Indexed - Standard CL 60,230<br />
534898 72 1 LVIP SSGA International Indexed - Service CL 11,965,852<br />
534898 62 2 LVIP SSGA Large Cap - Standard CL 65,998<br />
534898 68 9 LVIP SSGA Large Cap - Service CL 3,228,588<br />
534898 61 4 LVIP SSGA Small/Mid Cap - Standard CL 69,080<br />
534898 67 1 LVIP SSGA Small/Mid Cap - Service CL 3,379,361<br />
27.2999. TOTAL 55,364,584<br />
20.2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 1 - COMMON INTERROGATORIES<br />
27.3 For each mutual fund listed in the table above, complete the following schedule:<br />
1 2 3 4<br />
Amount of Mutual<br />
Fund's Book/Adjusted<br />
Name of Mutual Fund Name of Significant Holding Carrying Value<br />
(from the above table) of the Mutual Fund Attributable to Holding Date of Valuation<br />
Delaware Grp Equity Fnd V-Smallcap Core Aspen <strong>Insurance</strong> Holdings 49,239 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core Black Hills 46,608 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core ProAsurance 41,722 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core Senior Housing Properties Trust 40,970 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core First Niagara <strong>Financial</strong> Group 40,594 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core Rock-Tenn <strong>Company</strong>-Cl A 40,218 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core Bio-Rad Laboratories-Class A 40,218 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core Max Capital Group 39,467 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core AAON 39,091 12/31/2008<br />
Delaware Grp Equity Fnd V-Smallcap Core Trustmark 38,715 12/31/2008<br />
Delaware Pooled Trust - All Cap Growth Heartland Payments Systems 76,639 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth IntercontinentalExchange 68,284 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth Allergan 64,385 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth Netflix 63,828 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth VeriSign 59,038 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth eBay 57,590 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth Genentech 57,033 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth Mastercard - Class A 57,033 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth QUALCOM 56,811 09/30/2008<br />
Delaware Pooled Trust - All Cap Growth Weight Watchers International 55,808 09/30/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Mitsubishi Estate 336 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Westfield Group 243 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Sun Hung Kai Properties 222 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Simon Property Group 216 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Mitsui Fudosan 174 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Unibal-Rodamco 143 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Equity Residential 136 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Land Securities Group 135 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Public Storage 135 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Service CL B Vornado Realty Trust 110 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Mitsubishi Estate 67,236 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Westfield Group 48,559 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Sun Hung Kai Properties 44,263 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Simon Property Group 43,236 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Mitsui Fudosan 34,832 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Unibal-Rodamco 28,669 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Equity Residential 27,081 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Land Securities Group 26,894 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Public Storage 26,894 12/31/2008<br />
LVIP Cohen & Steers Gbl Real Est Fd - Standard CL A Vornado Realty Trust 22,038 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL US Treaury Obligations 26,699 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Fannie Mae 23,532 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Freddie Mac 17,348 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Dreyfus Treasury & Agency Cash Management Fund 5,559 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Government <strong>National</strong> Mortgage Association 3,819 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Federal Home Loan Bank 2,350 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Euopean Investment Bank 630 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL General Electric Capital 591 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL JP Morgan Chase 536 12/31/2008<br />
LVIP SSGA Bond Index Fund - Standard CL Citigroup 473 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL US Treaury Obligations 5,304,392 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Fannie Mae 4,675,281 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Freddie Mac 3,446,640 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Dreyfus Treasury & Agency Cash Management Fund 1,104,400 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Government <strong>National</strong> Mortgage Association 758,837 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Federal Home Loan Bank 466,822 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Euopean Investment Bank 125,133 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL General Electric Capital 117,398 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL JP Morgan Chase 106,584 12/31/2008<br />
LVIP SSGA Bond Index Fund - Service CL Citigroup 94,068 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Chubu Electric Power 876 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Eisai 796 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Union Fenosa 756 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Kubota 710 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Telstra 670 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Astellas Pharma 670 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Takeda Pharmaceutical 664 12/31/2008<br />
LVIP SSGA Developed International - Standard CL Ono Pharmaceutical 659 12/31/2008<br />
LVIP SSGA Developed International - Standard CL SCOR 659 12/31/2008<br />
LVIP SSGA Developed International - Standard CL AGL Energy 630 12/31/2008<br />
LVIP SSGA Developed International - Service CL Chubu Electric Power 86,611 12/31/2008<br />
LVIP SSGA Developed International - Service CL Eisai 78,686 12/31/2008<br />
LVIP SSGA Developed International - Service CL Union Fenosa 74,723 12/31/2008<br />
LVIP SSGA Developed International - Service CL Kubota 70,194 12/31/2008<br />
LVIP SSGA Developed International - Service CL Telstra 66,232 12/31/2008<br />
LVIP SSGA Developed International - Service CL Astellas Pharma 66,232 12/31/2008<br />
LVIP SSGA Developed International - Service CL Takeda Pharmaceutical 65,666 12/31/2008<br />
LVIP SSGA Developed International - Service CL Ono Pharmaceutical 65,100 12/31/2008<br />
LVIP SSGA Developed International - Service CL SCOR 65,100 12/31/2008<br />
LVIP SSGA Developed International - Service CL AGL Energy 62,269 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL ABSA Group 1,197 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL Massmart Holdings 1,144 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL FirstRand 1,085 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL RMB Holdings 1,073 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL Teva Pharmaceutical Industries 1,019 12/31/2008<br />
20.3
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 1 - COMMON INTERROGATORIES<br />
LVIP SSGA Emerging Markets - Standard CL MISC-Foreign 966 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL Nedbank Group 960 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL SK Telecom 960 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL Standard Bank Group 942 12/31/2008<br />
LVIP SSGA Emerging Markets - Standard CL Huaneng Power International 925 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL ABSA Group 88,467 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL Massmart Holdings 84,526 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL FirstRand 80,146 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL RMB Holdings 79,270 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL Teva Pharmaceutical Industries 75,329 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL MISC-Foreign 71,387 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL Nedbank Group 70,949 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL SK Telecom 70,949 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL Standard Bank Group 69,635 12/31/2008<br />
LVIP SSGA Emerging Markets - Service CL Huaneng Power International 68,321 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Nestle 1,126 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL BP 1,108 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL HSBC 903 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Total 891 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Novartis 885 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Vodafone Group 831 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Roche Holding 813 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL GlaxoSmithKline 747 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Telefonica 717 12/31/2008<br />
LVIP SSGA International Indexed - Standard CL Royal Dutch Shell A Shares 717 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Nestle 223,761 12/31/2008<br />
LVIP SSGA International Indexed - Service CL BP 220,172 12/31/2008<br />
LVIP SSGA International Indexed - Service CL HSBC 179,488 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Total 177,095 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Novartis 175,898 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Vodafone Group 165,129 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Roche Holding 161,539 12/31/2008<br />
LVIP SSGA International Indexed - Service CL GlaxoSmithKline 148,377 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Telefonica 142,394 12/31/2008<br />
LVIP SSGA International Indexed - Service CL Royal Dutch Shell A Shares 142,394 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Quest Diagnostics 1,082 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL General Mills 1,063 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Vulcan Materials 1,063 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Progress Energy 1,003 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Annaly Capital Management 997 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Consolidated Edison 990 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Sunoco 983 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Waste Management 970 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Travelers 950 12/31/2008<br />
LVIP SSGA Large Cap - Standard CL Xcel Energy 937 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Quest Diagnostics 52,949 12/31/2008<br />
LVIP SSGA Large Cap - Service CL General Mills 51,980 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Vulcan Materials 51,980 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Progress Energy 49,075 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Annaly Capital Management 48,752 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Consolidated Edison 48,429 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Sunoco 48,106 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Waste Management 47,460 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Travelers 46,492 12/31/2008<br />
LVIP SSGA Large Cap - Service CL Xcel Energy 45,846 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL World Fuel Services 801 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL CH Energy Group 767 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL ViroPharma 746 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL <strong>National</strong> Presto Industries 746 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Datascope 746 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Cathay General Bancorp 739 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Omnicare 718 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL WesbBanco 663 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Nash Finch 649 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Village Super Market Class A 642 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL World Fuel Services 39,201 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL CH Energy Group 37,511 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL ViroPharma 36,497 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL <strong>National</strong> Presto Industries 36,497 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Datascope 36,497 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Cathay General Bancorp 36,159 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Omnicare 35,145 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL WesbBanco 32,442 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Nash Finch 31,766 12/31/2008<br />
LVIP SSGA Small/Mid Cap - Standard CL Village Super Market Class A 31,428 12/31/2008<br />
28. Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or statement value for fair value.<br />
1 2 3<br />
Excess of Statement<br />
Statement over Fair Value (-),<br />
(Admitted) Fair or Fair Value over<br />
Value Value Statement (+)<br />
28.1 Bonds....................................................................................... ...47,813,547,315 ...43,708,128,818 .......(4,105,418,497)<br />
28.2 Preferred stocks....................................................................... .....1,570,078,696 ........944,641,294 ..........(625,437,402)<br />
28.3 Totals....................................................................................... ...49,383,626,011 ...44,652,770,112 .......(4,730,855,899)<br />
28.4 Describe the sources or methods utilized in determining the fair values:<br />
Fair values for fixed maturity securities are based on quoted market prices, where available.<br />
For fixed maturity securities not actively traded, fair values are estimated using values obtained from independent pricing services.<br />
20.4
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 1 - COMMON INTERROGATORIES<br />
29.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Securities Valuation Office been followed? Yes [ ] No [ X ]<br />
29.2 If no, list exceptions:<br />
26203@124, 54948#AB4, 627914AA2, 99BLOX9B3<br />
OTHER<br />
30.1 Amount of payments to trade associations, service organizations and statistical or rating bureaus, if any? $............................3,689,391<br />
30.2 List the name of the organization and the amount paid if any such payment represented 25% or more of the total payments to<br />
trade associations, service organizations and statistical or rating bureaus during the period covered by this statement.<br />
1 2<br />
Name Amount Paid<br />
American Council of <strong>Life</strong> Insurers (ACLI) 1,404,175<br />
31.1 Amount of payments for legal expenses, if any? $............................8,424,223<br />
31.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments<br />
for legal expenses during the period covered by this statement.<br />
1 2<br />
Name Amount Paid<br />
Barnes & Thornburg 2,114,362<br />
32.1 Amount of payments for expenditures in connection with matters before legislative bodies, officers or departments of government, if any? $...............................405,329<br />
32.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payment expenditures<br />
in connection with matters before legislative bodies, officers or departments of government during the period covered by this statement.<br />
1 2<br />
Name Amount Paid<br />
American Council of <strong>Life</strong> Insurers (ACLI) 405,329<br />
20.5
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 2 - LIFE INTERROGATORIES<br />
1.1 Does the reporting entity have any direct Medicare Supplement <strong>Insurance</strong> in force? Yes [ ] No [ X ]<br />
1.2 If yes, indicate premium earned on U.S. business only ...............................<br />
1.3 What portion of Item (1.2) is not reported on the Medicare Supplement <strong>Insurance</strong> Experience Exhibit? ...............................<br />
1.31 Reason for excluding<br />
1.4 Indicate amount of earned premium attributable to Canadian and/or Other Alien not included in Item (1.2) above. ...............................<br />
1.5 Indicate total incurred claims on all Medicare Supplement insurance. ...............................<br />
1.6 Individual policies:<br />
Most current three years:<br />
1.61 Total premium earned ...............................<br />
1.62 Total incurred claims ...............................<br />
1.63 Number of covered lives ...............................<br />
All years prior to most current three years:<br />
1.64 Total premium earned ...............................<br />
1.65 Total incurred claims ...............................<br />
1.66 Number of covered lives ...............................<br />
1.7 Group policies:<br />
Most current three years:<br />
1.71 Total premium earned ...............................<br />
1.72 Total incurred claims ...............................<br />
1.73 Number of covered lives ...............................<br />
All years prior to most current three years:<br />
1.74 Total premium earned ...............................<br />
1.75 Total incurred claims ...............................<br />
1.76 Number of covered lives ...............................<br />
2. Health test: 1 2<br />
Current Year Prior Year<br />
2.1 Premium Numerator................... ....302,198,432 ....283,346,035<br />
2.2 Premium Denominator............... 18,432,091,460 20,339,406,640<br />
2.3 Premium Ratio (2.1/2.2)............. ...................1.6 ...................1.4<br />
2.4 Reserve Numerator.................... ....157,952,332 ....138,097,222<br />
2.5 Reserve Denominator................ 54,612,917,444 52,889,647,603<br />
2.6 Reserve Ratio (2.4/2.5).............. ...................0.3 ...................0.3<br />
3.1 Does this reporting entity have Separate Accounts? Yes [ X ] No [ ]<br />
3.2 If yes, has a Separate Accounts statement been filed with this Department? Yes [ X ] No [ ] N/A [ ]<br />
3.3 What portion of capital and surplus funds of the reporting entity covered by assets in the Separate Accounts<br />
statement, is not currently distributable from the Separate Accounts to the general account for use by the general account? $.....2,454,445,745<br />
3.4 State the authority under which Separate Accounts are maintained:<br />
Indiana <strong>Insurance</strong> Code Section 27-1-5-1 (Class 1) (C)<br />
3.5 Was any of the reporting entity's Separate Accounts business reinsured as of December 31? Yes [ ] No [ X ]<br />
3.6 Has the reporting entity assumed by reinsurance any Separate Accounts business as of December 31? Yes [ ] No [ X ]<br />
3.7 If the reporting entity has assumed Separate Accounts business, how much, if any, reinsurance assumed receivable for reinsurance of Separate<br />
Accounts reserve expense allowances is included as a negative amount in the liability for "Transfers to Separate Accounts due or accrued (net)?" ...............................<br />
4.1 Are personnel or facilities of this reporting entity used by another entity or entities or are personnel or facilities of<br />
another entity or entities used by this reporting entity (except for activities such as administration of jointly<br />
underwritten group contracts and joint mortality or morbidity studies)? Yes [ X ] No [ ]<br />
4.2 Net reimbursement of such expenses between reporting entities:<br />
4.21 Paid $..........53,075,406<br />
4.22 Received $..........56,487,235<br />
5.1 Does the reporting entity write any guaranteed interest contracts? Yes [ X ] No [ ]<br />
5.2 If yes, what amount pertaining to these items is included in:<br />
5.21 Page 3, Line 1 $..........................0<br />
5.22 Page 4, Line 1 $..........................0<br />
6. For stock reporting entities only:<br />
6.1 Total amount paid in by stockholders as surplus funds since organization of the reporting entity: $.....2,468,309,750<br />
7. Total dividends paid stockholders since organization of the reporting entity:<br />
7.11 Cash $...12,594,525,640<br />
7.12 Stock $........296,676,224<br />
21
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
GENERAL INTERROGATORIES<br />
PART 2 - LIFE INTERROGATORIES<br />
8.1 Does the company reinsure any Workers' Compensation Carve-Out business defined as: Yes [ X ] No [ ]<br />
Reinsurance (including retrocessional reinsurance) assumed by life and health insurers of medical,<br />
loss and death benefits of the occupational illness and accident exposures, but not the employers<br />
liability exposures, of business originally written as workers' compensation insurance.<br />
8.2 If yes, has the reporting entity completed the Workers' Compensation Carve-Out Supplement to the Annual Statement? Yes [ X ] No [ ]<br />
8.3 If 8.1 is yes, the amounts of earned premiums and claims incurred in this statement are:<br />
1 2 3<br />
Reinsurance Reinsurance Net<br />
Assumed Ceded Retained<br />
8.31 Earned premium..................................................................................................................................................... ....12,525,052 ......12,525,052 .........................<br />
8.32 Paid claims............................................................................................................................................................. ..239,403,015 ....239,403,015 .........................<br />
8.33 Claim liability and reserve (beginning of year)....................................................................................................... ..322,028,091 ....322,082,091 .........................<br />
8.34 Claim liability and reserve (end of year)................................................................................................................. ..262,880,789 ....262,880,789 .........................<br />
8.35 Incurred claims....................................................................................................................................................... ..180,255,713 ....180,255,713 .........................<br />
8.4 If reinsurance assumed included amounts with attachment points below $1,000,000, the distribution of the amounts reported in Lines 8.31 and<br />
8.34 for Column (1) are:<br />
1 2<br />
Earned Claim Liability<br />
Attachment Point Premium and Reserve<br />
8.41 < $25,000........................................................................................................................................................................................ ........5,384,362 ....113,009,139<br />
8.42 $25,000 -- 99,999............................................................................................................................................................................ ........3,787,673 ......79,497,201<br />
8.43 $100,000 -- 249,999........................................................................................................................................................................ ........1,893,838 ......39,748,627<br />
8.44 $250,000 -- 999,999........................................................................................................................................................................ ........1,459,179 ......30,625,822<br />
8.45 $1,000,000 or more......................................................................................................................................................................... ......................... .........................<br />
8.5 What portion of earned premium reported in 8.31, Column 1 was assumed from pools? $...............142,873<br />
9.1 Does the company have variable annuities with guaranteed benefits? Yes [ X ] No [ ]<br />
9.2 If 9.1 is yes, complete the following table for each type of guaranteed benefit.<br />
Type 3 4 5 6 7 8 9<br />
1 2 Waiting Account Value Total<br />
Guaranteed Guaranteed Period Related Related Gross Amount Location Portion Reinsurance<br />
Death Benefit Living Benefit Remaining to Col. 3 Account Values of Reserve of Reserve Reinsured Reserve Credit<br />
ROP 33,077,995,829 397,443,236 Exhibit 5 343,377,210<br />
Annual Ratchet 16,124,945,063 374,451,953 Exhibit 5 268,851,576<br />
5-Year Ratchet 43,535,550 160,127 Exhibit 5 0<br />
5% Rollup 156,722,781 6,589,095 Exhibit 5 3,659,513<br />
GMWB 7,929,436,431 178,220,867 Exhibit 5 178,220,867<br />
GMWB for <strong>Life</strong> 7,204,085,294 61,809,061 Exhibit 5 61,809,061<br />
GMWB/GMAB 132,240,207 489,452 Exhibit 5 489,452<br />
GMIB 4,466,153,974 55,226,484 Exhibit 5 55,226,484<br />
4Later 2,192,131,757 23,453,221 Exhibit 5 23,453,221<br />
21.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
FIVE-YEAR HISTORICAL DATA<br />
Show amounts in whole dollars only, no cents; show percentages to one decimal place, i.e., 17.6.<br />
Show amounts of life insurance in this exhibit in thousands (omit $000)<br />
1 2 3 4 5<br />
2008 2007 2006 2005 2004<br />
<strong>Life</strong> <strong>Insurance</strong> in Force (Exhibit of <strong>Life</strong> <strong>Insurance</strong>)<br />
1. Ordinary - whole life and endowment (Line 34, Col. 4).......................................................... ........268,133,146 ........258,322,981 ........260,859,480 ........120,607,860 ........113,507,461<br />
2. Ordinary - term (Line 21, Col. 4, less Line 34, Col. 4)............................................................. ........525,162,156 ........547,948,722 ........582,044,102 ........565,628,815 ........585,606,813<br />
3. Credit life (Line 21, Col. 6)...................................................................................................... ............1,088,037 ............2,000,160 ............3,129,746 ............3,669,894 ............6,295,758<br />
4. Group, excluding FEGLI/SGLI (Line 21, Col. 9 less Lines 43 & 44, Col. 4)............................ ........221,719,869 ........192,142,281 ........164,850,332 ............1,828,692 ............3,489,891<br />
5. Industrial (Line 21, Col. 2)...................................................................................................... .................47,403 .................49,012 .................50,702 ............................. .............................<br />
6. FEGLI/SGLI (Lines 43 & 44, Col. 4)....................................................................................... ............................. ............................. ............................. ............................. .............................<br />
7. Total (Line 21, Col. 10)........................................................................................................... .....1,016,150,611 .....1,000,463,156 .....1,010,934,362 ........691,735,261 ........708,899,923<br />
New Business Issued (Exhibit of <strong>Life</strong> <strong>Insurance</strong>)<br />
8. Ordinary - whole life and endowment (Line 34, Col. 2)........................................................... ..........17,976,332 ..........17,992,718 ..........23,488,188 ..........11,440,827 ..........10,326,518<br />
9. Ordinary - term (Line 2, Col. 4, less Line 34, Col. 2)............................................................... ..........20,738,012 ..........23,016,202 ..........23,132,796 ..........21,464,005 ..........24,014,215<br />
10. Credit life (Line 2, Col. 6)........................................................................................................ ............................. ............................. ............................. ............................. .............................<br />
11. Group (Line 2, Col. 9).............................................................................................................. ..........48,964,153 ..........44,701,933 ..........30,585,262 ......................255 ......................475<br />
12. Industrial (Line 2, Col. 2)......................................................................................................... ............................. ............................. ............................. ............................. .............................<br />
13. Total (Line 2, Col. 10).............................................................................................................. ..........87,678,497 ..........85,710,853 ..........77,206,246 ..........32,905,087 ..........34,341,208<br />
Premium Income - Lines of Business (Exhibit 1-Part 1)<br />
14. Industrial life (Line 20.4, Col. 2).............................................................................................. ............................. ............................. ............................. ............................. .............................<br />
15.1 Ordinary life insurance (Line 20.4, Col.. 3).............................................................................. .....2,785,134,446 .....3,201,781,463 .....3,354,320,544 .....1,687,505,191 .....1,832,236,536<br />
15.2 Ordinary individual annuities (Line 20.4, Col. 4)..................................................................... ...11,619,494,936 ...13,266,447,586 ...10,854,466,223 .....7,845,717,952 .....6,922,677,938<br />
16. Credit life (group and individual) (Line 20.4, Col. 5)................................................................ ............................. ............................. ............................. ............................. .............................<br />
17.1 Group life insurance (Line 20.4, Col. 6).................................................................................. ........476,524,704 ........441,555,213 ........406,106,551 ...............484,120 ...............520,628<br />
17.2 Group annuities (Line 20.4, Col. 7)......................................................................................... .....2,533,559,077 .....2,507,730,228 .....2,631,209,896 .....2,174,551,646 .....2,570,152,213<br />
18.1 A&H - group (Line 20.4, Col. 8)............................................................................................... .....1,002,657,383 ........912,002,207 ........842,432,684 ...............496,083 ............3,351,355<br />
18.2 A&H - credit (group and individual) (Line 20.4, Col. 9)............................................................ ............................. ............................. ............................. ..................(3,913) ..................(1,285)<br />
18.3 A&H - other (Line 20.4, Col. 10).............................................................................................. ..........14,720,916 ............9,889,942 ..........13,155,335 ...................8,412 ...................8,623<br />
19. Aggregate of all other lines of business (Line 20.4, Col. 11)................................................... ............................. ............................. ............................. ............................. .............................<br />
20. Total........................................................................................................................................ ...18,432,091,462 ...20,339,406,639 ...18,101,691,233 ...11,708,759,491 ...11,328,946,008<br />
Balance Sheet (Pages 2 and 3)<br />
21. Total admitted assets excluding Separate Accounts business (Page 2, Line 24, Col. 3)....... ...64,289,733,068 ...63,147,711,779 ...66,038,089,733 ...39,344,452,883 ...38,988,340,461<br />
22. Total liabilities excluding Separate Accounts business (Page 3, Line 26).............................. ...59,752,473,715 ...58,191,450,711 ...61,159,737,742 ...36,129,902,189 ...36,027,302,155<br />
23. Aggregate life reserves (Page 3, Line 1)................................................................................. ...54,299,973,024 ...52,267,911,777 ...54,381,101,538 ...32,477,140,585 ...32,334,162,205<br />
24. Aggregate A&H reserves (Page 3, Line 2).............................................................................. .....1,234,495,712 .....1,215,402,867 .....1,141,816,892 ........110,356,126 ........119,977,166<br />
25. Deposit-type contract funds (Page 3, Line 3).......................................................................... .....1,213,055,159 .....1,409,345,963 .....1,682,333,640 ........614,960,941 ........655,472,155<br />
26. Asset valuation reserve (Page 3, Line 24.1)........................................................................... ........278,533,209 ........751,288,172 ........707,880,131 ........350,326,867 ........293,181,318<br />
27. Capital (Page 3, Lines 29 & 30).............................................................................................. ..........25,000,000 ..........25,000,000 ..........25,000,000 ..........25,000,000 ..........25,000,000<br />
28. Surplus (Page 3, Line 37)....................................................................................................... .....4,560,435,185 .....4,932,875,132 .....4,854,761,694 .....3,189,716,250 .....2,936,191,719<br />
Cash Flow (Page 5)<br />
29. Net Cash from operations (Line 11)........................................................................................ .....1,809,829,769 ........405,231,033 .......(178,705,626) ........525,028,575 .....1,230,334,555<br />
Risk-Based Capital Analysis<br />
30. Total adjusted capital.............................................................................................................. .....4,915,807,919 .....5,774,095,850 .....5,670,338,983 .....3,619,536,988 .....3,304,283,519<br />
31. Authorized control level risk-based capital.............................................................................. ........627,095,222 ........607,427,417 ........689,595,035 ........414,059,890 ........488,851,239<br />
Percentage Distribution of Cash, Cash Equivalents and Invested Assets<br />
(Page 2, Col. 3) (Line No. /Page 2, Line 10, Col. 3) x 100.0<br />
32. Bonds (Line 1)......................................................................................................................... .....................74.1 .....................78.2 .....................79.1 .....................78.0 .....................79.6<br />
33. Stocks (Lines 2.1 and 2.2)...................................................................................................... .......................4.7 .......................2.7 .......................2.2 .......................2.8 .......................2.7<br />
34. Mortgage loans on real estate (Lines 3.1 and 3.2).................................................................. .....................11.5 .....................11.2 .....................10.6 .......................8.4 .......................9.0<br />
35. Real estate (Line 4.1, 4.2 and 4.3).......................................................................................... .......................0.2 .......................0.4 .......................0.5 .......................0.5 .......................0.4<br />
36. Cash, cash equivalents and short-term investments (Line 5)................................................. .......................3.7 .......................1.7 .......................2.2 .......................4.6 .......................2.8<br />
37. Contract loans (Line 6)............................................................................................................ .......................3.9 .......................3.9 .......................3.9 .......................4.4 .......................4.5<br />
38. Other invested assets (Line 7)................................................................................................ .......................1.7 .......................1.8 .......................1.2 .......................1.0 .......................1.0<br />
39. Receivables for securities (Line 8).......................................................................................... .......................0.1 .......................0.0 ............................. .......................0.2 .......................0.0<br />
40. Aggregate write-ins for invested assets (Line 9)..................................................................... .......................0.0 .......................0.2 .......................0.3 .......................0.0 .......................0.1<br />
41. Cash, cash equivalents and invested assets (Line 10)........................................................... ...................100.0 ...................100.0 ...................100.0 ...................100.0 ...................100.0<br />
In conformity with SSAP #3, these financial statements are presented on a pro forma basis for one period prior to the merger of Jefferson Pilot <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
and Jefferson Pilot <strong>Financial</strong> <strong>Insurance</strong> <strong>Company</strong>, effective April 2, 2007 and July 2, 2007, respectively. See Notes to <strong>Financial</strong> Statements for addiotional information.<br />
22
Annual Statement for the year 2008 of the<br />
Investments in Parent, Subsidiaries and Affiliates<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
FIVE-YEAR HISTORICAL DATA<br />
(continued)<br />
1 2 3 4 5<br />
2008 2007 2006 2005 2004<br />
42. Affiliated bonds (Sch. D Summary, Line 25 Col. 1)................................................................. ........115,307,021 ........222,201,757 ........229,096,494 ............................. .............................<br />
43. Affiliated preferred stocks (Sch. D Summary, Line 39 Col. 1)................................................. ............................. ............................. ............................. ............................. .............................<br />
44. Affiliated common stocks (Sch. D Summary, Line 53 Col. 1).................................................. .....1,206,273,303 .....1,293,224,496 .....1,015,453,944 ........873,870,349 ........851,208,234<br />
45. Affiliated short-term investments (subtotal included in Sch. DA, Verif. Col. 5, Line 10).......... ............................. ............................. ............................. ............................. .............................<br />
46. Affiliated mortgage loans on real estate ................................................................................. ............................. ............................. ............................. ............................. .............................<br />
47. All other affiliated..................................................................................................................... ............................. ............................. ............................. ............................. ..........22,463,233<br />
48. Total of above Lines 42 to 47.................................................................................................. .....1,321,580,324 .....1,515,426,253 .....1,244,550,438 ........873,870,349 ........873,671,467<br />
Total Nonadmitted and Admitted Assets<br />
49. Total nonadmitted assets (Page 2, Line 26, Col. 2)................................................................ .....1,051,704,113 .....1,051,769,741 .....1,074,057,625 ........481,396,872 ........541,238,523<br />
50. Total admitted assets (Page 2, Line 26, Col. 3)...................................................................... .119,849,816,757 .144,609,572,040 .137,232,525,124 ...95,380,517,047 ...87,081,133,226<br />
Investment Data<br />
51. Net investment income (Exhibit of Net Investment Income)................................................... .....3,406,780,527 .....3,564,221,941 .....3,621,931,721 .....2,102,687,945 .....2,095,707,914<br />
52. Realized capital gains (losses)................................................................................................ .......(889,234,702) ........407,457,668 ..........68,694,635 ..........38,688,435 ..........18,261,997<br />
53. Unrealized capital gains (losses)............................................................................................ .......(475,862,054) .......(472,099,782) ..........93,149,564 .........(28,898,254) ..........61,327,777<br />
54. Total of above Lines 51, 52 and 53......................................................................................... .....2,041,683,771 .....3,499,579,827 .....3,783,775,920 .....2,112,478,126 .....2,175,297,688<br />
Benefits and Reserve Increase (Page 6)<br />
55. Total contract benefits - life (Lines 10, 11, 12, 13, 14 and 15<br />
Col. 1 less Lines 10, 11, 12, 13, 14 and 15, Cols. 9, 10 & 11)................................................ ...14,323,547,421 ...15,874,022,645 ...14,220,345,543 .....8,844,181,577 .....8,078,620,590<br />
56. Total contract benefits - A&H (Lines 13 & 14, Cols. 9, 10 & 11)............................................. ........647,964,819 ........591,347,222 ........555,502,716 ............1,495,273 ............1,326,950<br />
57. Increase in life reserves - other than group and annuities<br />
(Line 19, Cols. 2 & 3).............................................................................................................. ........543,938,765 ........578,361,880 .....1,551,596,545 ........366,185,277 ........642,729,207<br />
58. Increase in A&H reserves (Line 19, Cols. 9, 10 & 11)............................................................. ..........29,703,210 ..........95,388,232 ..........40,298,489 ...........(1,105,068) ............1,851,007<br />
59. Dividends to policyholders (Line 30, Col 1)............................................................................. ..........63,885,398 ..........60,657,216 ..........84,018,729 ..........71,908,214 ..........71,754,897<br />
Operating Percentages<br />
60. <strong>Insurance</strong> expense percent (Page 6, Col. 1, Lines 21, 22, & 23 less Line<br />
6)/(Page 6 Col. 1, Line 1 plus Exhibit 7, Col. 2, Line 2) x 100.00............................................ .....................14.0 .....................13.3 .....................13.2 .....................12.3 .....................12.0<br />
61. Lapse percent (ordinary only) [(Exhibit of <strong>Life</strong> <strong>Insurance</strong>, Col. 4, Lines 14 & 15)<br />
/ 1/2 (Exhibit of <strong>Life</strong> <strong>Insurance</strong>, Col. 4, Lines 1 & 21)] x 100.00.............................................. .......................6.0 .......................6.7 .......................6.3 .......................6.7 .......................6.0<br />
62. A&H loss percent (Schedule H, Part 1, Lines 5 & 6, Col. 2)................................................... .....................75.7 .....................73.3 .....................70.7 ..................(314.7) ..................(596.3)<br />
63. A&H cost containment percent (Schedule H, Part 1, Line 4, Col. 2)....................................... .......................0.7 .......................0.8 .......................1.0 ............................. .........XXX.............<br />
64. A&H expense percent excluding cost containment expenses<br />
(Schedule H, Part 1, Line 10, Col. 2)...................................................................................... .....................22.9 .....................23.5 .....................23.1 ....................(76.8) ......................(6.9)<br />
A&H Claim Reserve Adequacy<br />
65. Incurred losses on prior years' claims - group health (Sch. H, Part 3, Line 3.1, Col. 2).......... .....1,115,002,734 .....1,004,109,933 ........961,707,897 ........245,637,940 ........190,555,146<br />
66. Prior years' claim liability and reserve - group health (Sch. H, Part 3, Line 3.2, Col. 2).......... .....1,088,399,642 .....1,031,854,246 ........996,728,591 ........248,981,365 ........212,039,994<br />
67. Incurred losses on prior years' claims - health other than group (Sch. H, Part 3,<br />
Line 3.1, Col. 1 less Col. 2)..................................................................................................... ........107,515,953 ........119,862,606 ........122,211,867 ..........20,492,483 ..........27,954,243<br />
68. Prior years' claim liability and reserve - health other than group (Sch. H, Part 3,<br />
Line 3.2, Col. 1 less Col. 2)..................................................................................................... ........104,741,553 ........115,890,099 ........117,372,834 ..........21,692,510 ..........28,708,334<br />
Net Gains From Operations After Federal Income Taxes by Lines of Business<br />
(Page 6, Line 33)<br />
69. Industrial life (Col. 2)............................................................................................................... ............1,073,404 ............1,436,805 ...............769,402 ............................. .............................<br />
70. Ordinary - life (Col. 3).............................................................................................................. ........106,464,514 ........348,697,585 .........(79,568,915) ........147,298,154 .........(84,231,449)<br />
71. Ordinary - individual annuities (Col. 4).................................................................................... ........184,735,530 ........247,458,447 ........210,631,563 ........229,771,681 ........200,115,921<br />
72. Ordinary - supplementary contracts (Col. 5)........................................................................... ...........(4,180,217) .................62,585 ............1,236,262 ...............199,724 ...............866,960<br />
73. Credit life (Col. 6).................................................................................................................... ............................. ............................. ............................. ..........................1 .............................<br />
74. Group life (Col. 7).................................................................................................................... ..........18,874,260 ..........24,121,678 ..........45,795,391 .................26,947 ..............(218,330)<br />
75. Group annuities (Col. 8).......................................................................................................... ..........37,185,498 ........157,526,239 ........115,503,697 ..........53,240,659 ..........54,158,614<br />
76. A&H - group (Col. 9)................................................................................................................ ..........76,871,401 ..........66,712,116 ..........70,772,392 ...............119,653 ...............121,947<br />
77. A&H - credit (Col. 10).............................................................................................................. ............................. ............................. ............................. ..................(2,235) ...................2,782<br />
78. A&H - other (Col. 11)............................................................................................................... ............3,265,907 ...........(4,731,476) ............6,810,975 ...............568,426 ...............485,814<br />
79. Aggregate of all other lines of business (Col. 12)................................................................... ..........80,921,627 ..........54,621,996 ...........(4,626,818) ..........36,320,499 ..........10,006,139<br />
80. Total (Col. 1)........................................................................................................................... ........505,211,924 ........895,905,974 ........367,323,949 ........467,543,508 ........181,308,398<br />
In conformity with SSAP #3, these financial statements are presented on a pro forma basis for one period prior to the merger of Jefferson Pilot <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
and Jefferson Pilot <strong>Financial</strong> <strong>Insurance</strong> <strong>Company</strong>, effective April 2, 2007 and July 2, 2007, respectively. See Notes to <strong>Financial</strong> Statements for addiotional information.<br />
23
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
*65676200843059100*<br />
DIRECT BUSINESS IN GRAND TOTAL DURING THE YEAR<br />
NAIC Group Code.....0020<br />
NAIC <strong>Company</strong> Code.....65676<br />
LIFE INSURANCE<br />
1 2 3 4 5<br />
Credit <strong>Life</strong><br />
(Group and<br />
Ordinary Individual) Group Industrial Total<br />
DIRECT PREMIUMS AND ANNUITY CONSIDERATIONS<br />
1. <strong>Life</strong> insurance............................................................................................. ...........4,111,092,431 ................................... ..............471,883,620 ................................... ...........4,582,976,051<br />
2. Annuity considerations............................................................................... .........11,871,424,290 ................................... ...........2,532,670,267 ................................... .........14,404,094,557<br />
3. Deposit-type contract funds........................................................................ ................................... ...............XXX............. ................................... ...............XXX............. ................................0<br />
4. Other considerations.................................................................................. ................................... ................................... ................................... ................................... ................................0<br />
5. Totals (Sum of Lines 1 to 4)....................................................................... .........15,982,516,721 ................................0 ...........3,004,553,887 ................................0 .........18,987,070,608<br />
DIRECT DIVIDENDS TO POLICYHOLDERS<br />
<strong>Life</strong> insurance:<br />
6.1 Paid in cash or left on deposit.................................................................... ..................2,364,048 ................................... ................................... ................................... ..................2,364,048<br />
6.2 Applied to pay renewal premiums.............................................................. ..................5,338,440 ................................... ................................... ................................... ..................5,338,440<br />
6.3 Applied to provide paid-up additions or shorten the endowment<br />
or premium-paying period.......................................................................... ................18,140,312 ................................... ................................... ................................... ................18,140,312<br />
6.4 Other.......................................................................................................... ................11,539,561 ................................... ................................... ................................... ................11,539,561<br />
6.5 Totals (Sum of Lines 6.1 to 6.4)................................................................. ................37,382,361 ................................0 ................................0 ................................0 ................37,382,361<br />
Annuities:<br />
7.1 Paid in cash or left on deposit.................................................................... ................................... ................................... ................................... ................................... ................................0<br />
7.2 Applied to provide paid-up annuities.......................................................... ................................... ................................... ................................... ................................... ................................0<br />
7.3 Other.......................................................................................................... ................................... ................................... ................................... ................................... ................................0<br />
7.4 Totals (Sum of Lines 7.1 to 7.3)................................................................. ................................0 ................................0 ................................0 ................................0 ................................0<br />
8. Grand Totals (Lines 6.5 + 7.4)................................................................... ................37,382,361 ................................0 ................................0 ................................0 ................37,382,361<br />
DIRECT CLAIMS AND BENEFITS PAID<br />
9. Death benefits............................................................................................ ...........1,373,423,714 .......................30,899 ..............352,240,439 .....................595,830 ...........1,726,290,882<br />
10. Matured endowments................................................................................. ..................5,076,776 ................................... ................................... .....................184,932 ..................5,261,708<br />
11. Annuity benefits.......................................................................................... ..............651,003,274 ................................... ..............298,379,251 ................................... ..............949,382,525<br />
12. Surrender values and withdrawals for life contracts................................... ...........8,288,790,074 ................................... ...........3,044,473,579 .....................194,240 .........11,333,457,893<br />
13. Aggregate write-ins for miscellaneous direct claims and benefits paid...... ................................0 ................................0 ................................0 ................................0 ................................0<br />
14. All other benefits, except accident and health............................................ ..................5,978,593 ................................... .....................180,260 ................................... ..................6,158,853<br />
15. Totals.......................................................................................................... .........10,324,272,431 .......................30,899 ...........3,695,273,529 .....................975,002 .........14,020,551,861<br />
DETAILS OF WRITE-INS<br />
1301. ................................................................................................................... ................................... ................................... ................................... ................................... ................................0<br />
1302. ................................................................................................................... ................................... ................................... ................................... ................................... ................................0<br />
1303. ................................................................................................................... ................................... ................................... ................................... ................................... ................................0<br />
1398. Summary of remaining write-ins for Line 13 from overflow page............... ................................0 ................................0 ................................0 ................................0 ................................0<br />
1399. Total (Lines 1301 thru 1303 plus 1398)(Line 13 above)............................. ................................0 ................................0 ................................0 ................................0 ................................0<br />
Ordinary Credit <strong>Life</strong> Group Industrial Total<br />
(Group and Individual)<br />
1 2 3 4 5 6 7 8 9 10<br />
No. of Ind.<br />
Pols. & Gr.<br />
No. of<br />
No. Amount Certifs. Amount Certifs. Amount No. Amount No. Amount<br />
DIRECT DEATH BENEFITS AND<br />
MATURED ENDOWMENTS INCURRED<br />
16. Unpaid December 31, prior year........ ......2,039 .......243,752,382 .............1 ....................1,517 .........463 .........18,592,125 .......143 ..........79,057 ......2,646 .........262,425,081<br />
17. Incurred during current year............... ....24,085 ....1,940,253,768 ................. ............................... ......9,463 .......350,017,248 ....1,397 ........735,745 ....34,945 ......2,291,006,761<br />
Settled during current year:<br />
18.1 By payment in full............................... ....23,956 ....1,773,511,652 ................. ............................... ......9,500 .......349,746,791 ....1,272 ........615,450 ....34,728 ......2,123,873,893<br />
18.2 By payment on compromised claims. .............3 ...........2,325,000 ................. ............................... ................. ............................ ............... ...................... .............3 .............2,325,000<br />
18.3 Totals paid......................................... ....23,959 ....1,775,836,652 .............0 ...........................0 ......9,500 .......349,746,791 ....1,272 ........615,450 ....34,731 ......2,126,198,893<br />
18.4 Reduction by compromise................. ................. ............................ ................. ............................... ................. ............................ ............... ...................... .............0 ...........................0<br />
18.5 Amount rejected................................. .........108 .........13,072,608 ................. ............................... ................. ............................ .........20 ..........29,598 .........128 ...........13,102,206<br />
18.6 Total settlements................................ ....24,067 ....1,788,909,260 .............0 ...........................0 ......9,500 .......349,746,791 ....1,292 ........645,048 ....34,859 ......2,139,301,099<br />
19. Unpaid Dec. 31, current year<br />
(Lines 16 + 17 - 18.6)......................... ......2,057 .......395,096,890 .............1 ....................1,517 .........426 .........18,862,582 .......248 ........169,754 ......2,732 .........414,130,743<br />
POLICY EXHIBIT<br />
No. of Pol.<br />
20. In force December 31, prior year....... 1,475,183 362,069,888,396 ...........52 (a)............703,322 ....63,593 190,542,657,475 152,595 ...49,011,510 1,691,423 ..552,662,260,703<br />
21. Issued during year............................. ....25,557 ..22,135,711,444 ................. ............................... ....21,212 ..48,963,960,255 ............... ...................... ....46,769 ....71,099,671,699<br />
22. Other changes to in force (Net).......... ...(77,355) ...(5,744,579,236) ............(2) ...............(171,842) ...(41,018) .(19,246,514,218) ...(4,348) ....(1,608,937) .(122,723) ...(24,992,874,233)<br />
23. In force December 31 of current year 1,423,385 378,461,020,604 ...........50 (a)............531,480 ....43,787 220,260,103,512 148,247 ...47,402,573 1,615,469 ..598,769,058,169<br />
(a) Includes Individual Credit <strong>Life</strong> <strong>Insurance</strong>, prior year $..........0 current year $...........0.<br />
Includes Group Credit <strong>Life</strong> <strong>Insurance</strong> Loans less than or equal to 60 months at issue, prior year $..........0 current year $..........0.<br />
Loans greater than 60 months at issue BUT NOT GREATER THAN 120 MONTHS, prior year $..........0 current year $..........0.<br />
ACCIDENT AND HEALTH INSURANCE<br />
1 2 3 4 5<br />
Dividends Paid Or Direct<br />
Direct Direct Premiums Credited on Direct Losses Direct Losses<br />
Premiums Earned Business Paid Incurred<br />
24. Group policies (b)....................................................................................... ...........1,011,702,888 ...........1,011,170,188 ................................... ..............633,443,072 ..............673,511,642<br />
24.1 Federal Employee Health Benefits Program premium (b).......................... ................................... ................................... ................................... ................................... ...................................<br />
24.2 Credit (group and individual)...................................................................... ................................... ................................... ................................... ................................... ...................................<br />
24.3 Collectively renewable policies (b)............................................................. .....................165,517 .....................174,745 ................................... .....................545,512 .....................534,174<br />
24.4 Medicare Title XVIII exempt from state taxes or fees................................. ................................... ................................... ................................... ................................... ...................................<br />
Other Individual Policies:<br />
25.1 Non-cancelable (b)..................................................................................... ................38,856,505 ................39,882,869 ................................... ................72,858,181 ................67,368,027<br />
25.2 Guaranteed renewable (b)......................................................................... ..................9,711,173 ..................9,980,223 ................................... ..................7,107,744 ..................7,922,120<br />
25.3 Non-renewable for stated reasons only (b)................................................ .....................475,311 .....................476,597 ................................... .....................394,759 ....................(121,419)<br />
25.4 Other accident only.................................................................................... .......................10,103 .......................10,165 ................................... .......................59,891 .......................59,855<br />
25.5 All other (b)................................................................................................. .......................15,788 .......................14,576 ................................... .....................371,508 .....................385,696<br />
25.6 Totals (Sum of Lines 25.1 to 25.5)............................................................. ................49,068,880 ................50,364,430 ................................0 ................80,792,083 ................75,614,279<br />
26. Totals (Lines 24 + 24.1 + 24.2 + 24.3 + 24.4 + 25.6)................................. ...........1,060,937,285 ...........1,061,709,363 ................................0 ..............714,780,667 ..............749,660,095<br />
(b) For health business on indicated lines report: Number of persons insured under PPO managed products.....0 and number of persons insured under indemnity only products.....0.<br />
24.GT
25<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT OF LIFE INSURANCE<br />
Industrial Ordinary Credit <strong>Life</strong> (Group and Individual) Group 10<br />
1 2 3 4 5 6 Number of 9 Total<br />
Number Amount Number Amount Number of Amount 7 8 Amount Amount<br />
of of of of Individual Policies and of of of<br />
Policies <strong>Insurance</strong> (a) Policies <strong>Insurance</strong> (a) Group Certificates <strong>Insurance</strong> (a) Policies Certificates <strong>Insurance</strong> (a) <strong>Insurance</strong> (a)<br />
1. In force end of prior year.............................................................. .........................152,595 ...........................49,012 ......................7,028,748 ..................806,271,703 .........................162,253 ......................2,000,160 ...........................91,787 ......................4,297,275 ..................192,142,281 ...............1,000,463,156<br />
2. Issued during year....................................................................... ....................................... ....................................... ...........................38,374 ....................38,714,344 ....................................... ....................................... ...........................21,212 ......................1,027,154 ....................48,964,153 ....................87,678,497<br />
3. Reinsurance assumed................................................................. ....................................... ....................................... ...........................33,828 ......................2,859,330 ....................................... ....................................... ....................................... ....................................... ....................................... ......................2,859,330<br />
4. Revived during year..................................................................... ....................................... ....................................... ...........................45,656 ......................3,321,309 ....................................... ....................................... ....................................... ....................................... ....................................... ......................3,321,309<br />
5. Increased during year (net).......................................................... ....................................... ....................................... ................................779 ......................2,109,963 ....................................... ....................................... ....................................... ....................................9 ................................377 ......................2,110,340<br />
6. Subtotals, Lines 2 to 5................................................................. ....................................0 ....................................0 .........................118,637 ....................47,004,946 ....................................0 ....................................0 ...........................21,212 ......................1,027,163 ....................48,964,530 ....................95,969,476<br />
7. Additions by dividends during year.............................................. ...............XXX................. ....................................... ...............XXX................. .........................150,454 ...............XXX................. ....................................... ...............XXX................. ...............XXX................. ....................................... .........................150,454<br />
8. Aggregate write-ins for increases................................................ ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0<br />
9. Totals (Lines 1 and 6 to 8)........................................................... .........................152,595 ...........................49,012 ......................7,147,385 ..................853,427,103 .........................162,253 ......................2,000,160 .........................112,999 ......................5,324,438 ..................241,106,811 ...............1,096,583,086<br />
Deductions during year:<br />
10. Death........................................................................................... .............................1,272 ................................618 ...........................35,455 ......................2,253,060 ....................................1 ....................................6 ...............XXX................. .............................9,870 .........................364,930 ......................2,618,614<br />
11. Maturity........................................................................................ ..................................23 ..................................14 .............................2,360 .............................7,299 ....................................... ....................................... ...............XXX................. ....................................... ....................................... .............................7,313<br />
12. Disability....................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ...............XXX................. ....................................... ....................................... ....................................0<br />
13. Expiry........................................................................................... ....................................... ....................................... .............................9,833 .........................267,270 ....................................... ....................................... ....................................... ....................................... ....................................... .........................267,270<br />
14. Surrender..................................................................................... ....................................... ....................................... ...........................95,248 ....................12,368,038 ....................................1 ....................................2 ....................................... ....................................7 ................................188 ....................12,368,228<br />
15. Lapse........................................................................................... ....................................... ....................................... .........................331,903 ....................35,587,879 ....................................... ....................................... ...........................26,333 .........................596,640 ....................18,806,487 ....................54,394,366<br />
16. Conversion................................................................................... ....................................... ....................................... ...........................11,412 .........................840,863 ....................................... ....................................... ...............XXX................. ...............XXX................. ................XXX................ .........................840,863<br />
17. Decreased (net)........................................................................... .............................3,053 ................................977 ...........................23,315 ......................8,396,017 ...........................73,980 .........................912,115 ....................................... ................................877 .........................215,337 ......................9,524,446<br />
18. Reinsurance................................................................................. ....................................... ....................................... .............................4,398 .........................411,375 ....................................... ....................................... ....................................... ....................................... ....................................... .........................411,375<br />
19. Aggregate write-ins for decreases............................................... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0<br />
20. Totals (Lines 10 to 19)................................................................. .............................4,348 .............................1,609 .........................513,924 ....................60,131,801 ...........................73,982 .........................912,123 ...........................26,333 .........................607,394 ....................19,386,942 ....................80,432,475<br />
21. In force end of year (Line 9 minus Line 20)................................. .........................148,247 ...........................47,403 ......................6,633,461 ..................793,295,302 ...........................88,271 ......................1,088,037 ...........................86,666 ......................4,717,044 ..................221,719,869 ...............1,016,150,611<br />
22. Reinsurance ceded end of year................................................... ...............XXX................. ....................................... ...............XXX................. ..................650,354,131 ...............XXX................. ......................1,088,037 ...............XXX................. ...............XXX................. ......................5,143,855 ..................656,586,023<br />
23. Line 21 minus Line 22.................................................................. ...............XXX................. ...........................47,403 ...............XXX................. ..................142,941,171 ...............XXX................. (b)...............................0 ...............XXX................. ...............XXX................. ..................216,576,014 ..................359,564,588<br />
DETAILS OF WRITE-INS<br />
0801. ..................................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0<br />
0802. ..................................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0<br />
0803. ..................................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0<br />
0898. Summary of remaining write-ins for Line 8 from overflow page... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0<br />
0899. Totals (Lines 0801 thru 0803 plus 0898) (Line 8 above)............. ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0<br />
1901. ..................................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0<br />
1902. ..................................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0<br />
1903. ..................................................................................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................0<br />
1998. Summary of remaining write-ins for Line 19 from overflow page. ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0<br />
1999. Totals (Lines 1901 thru 1903 plus 1998) (Line 19 above)........... ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0 ....................................0<br />
(a) Amounts of life insurance in this exhibit shall be shown in thousands (omit 000).<br />
(b) Group $..........0; Individual $..........0.
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT OF LIFE INSURANCE (continued)<br />
ADDITIONAL INFORMATION ON INSURANCE IN FORCE END OF YEAR<br />
Industrial<br />
Ordinary<br />
1 2 3 4<br />
Number of Policies Amount of <strong>Insurance</strong> (a) Number of Policies Amount of <strong>Insurance</strong> (a)<br />
24. Additions by dividends........................................................... ....................XXX....................... .................................................. ....................XXX....................... ....................................424,793<br />
25. Other paid-up insurance........................................................ ....................................148,247 ......................................47,403 ....................................121,972 .................................1,011,603<br />
26. Debit ordinary insurance........................................................ ....................XXX....................... .....................XXX...................... ......................................47,524 ....................................174,347<br />
ADDITIONAL INFORMATION ON ORDINARY INSURANCE<br />
Issued During Year (Included in Line 2) In Force End of Year (Included in Line 21)<br />
1 2 3 4<br />
Term <strong>Insurance</strong> Excluding Extended Term <strong>Insurance</strong> Number of Policies Amount of <strong>Insurance</strong> (a) Number of Policies Amount of <strong>Insurance</strong> (a)<br />
27. Term policies-decreasing....................................................... ........................................6,079 .................................8,170,909 .................................2,437,773 .............................148,692,997<br />
28. Term policies-other................................................................ ......................................13,422 ...............................11,838,679 .................................2,942,145 .............................373,981,409<br />
29. Other term insurance-decreasing.......................................... ....................XXX....................... .................................................. ....................XXX....................... ......................................19,999<br />
30. Other term insurance............................................................. ....................XXX....................... ....................................728,424 ....................XXX....................... .................................2,186,967<br />
31. Totals (Lines 27 to 30)........................................................... ......................................19,501 ...............................20,738,012 .................................5,379,918 .............................524,881,372<br />
Reconciliation to Lines 2 and 21:<br />
32. Term additions....................................................................... ....................XXX....................... .................................................. ....................XXX....................... ......................................56,574<br />
33. Totals, extended term insurance............................................ ....................XXX....................... ....................XXX....................... ......................................28,508 ....................................224,210<br />
34. Totals, whole life and endowment.......................................... ......................................18,873 ...............................17,976,332 .................................1,225,035 .............................268,133,146<br />
35. Totals (Lines 31 to 34)........................................................... ......................................38,374 ...............................38,714,344 .................................6,633,461 .............................793,295,302<br />
CLASSIFICATION OF AMOUNT OF INSURANCE (a) BY PARTICIPATING STATUS<br />
Issued During Year (Included in Line 2) In Force End of Year (Included in Line 21)<br />
1 2 3 4<br />
Non-Participating Participating Non-Participating Participating<br />
36. Industrial................................................................................ .................................................. .................................................. ......................................47,403 ..................................................<br />
37. Ordinary................................................................................. ...............................38,714,344 .................................................. .............................788,977,972 .................................4,317,330<br />
38. Credit <strong>Life</strong> (Group and Individual).......................................... .................................................. .................................................. .................................1,088,037 ..................................................<br />
39. Group..................................................................................... ...............................48,964,153 .................................................. .............................221,719,870 ..................................................<br />
40. Totals (Lines 36 to 39)........................................................... ...............................87,678,497 ...............................................0 ..........................1,011,833,282 .................................4,317,330<br />
ADDITIONAL INFORMATION ON CREDIT LIFE AND GROUP INSURANCE<br />
Credit <strong>Life</strong><br />
Group<br />
1 2 3 4<br />
Number of Individual Policies<br />
and Group Certificates Amount of <strong>Insurance</strong> (a) Number of Certificates Amount of <strong>Insurance</strong> (a)<br />
41. Amount of insurance included in Line 2<br />
ceded to other companies...................................................... ....................XXX....................... .................................................. ....................XXX....................... ........................................2,033<br />
42. Number in force end of year if the number<br />
under shared groups is counted on a pro-rata basis............. ......................................88,271 ....................XXX....................... .................................4,717,044 ....................XXX.......................<br />
43. Federal Employees' Group <strong>Life</strong> <strong>Insurance</strong><br />
included in Line 21................................................................. .................................................. .................................................. .................................................. ..................................................<br />
44. Servicemen's Group <strong>Life</strong> <strong>Insurance</strong> included<br />
in Line 21............................................................................... .................................................. .................................................. .................................................. ..................................................<br />
45. Group Permanent <strong>Insurance</strong> included in Line 21................... .................................................. .................................................. ......................................17,702 ......................................27,727<br />
ADDITIONAL ACCIDENTAL DEATH BENEFITS<br />
46. Amount of additional accidental death benefits in force end of year under ordinary policies (a)......................................................................................................... .................................2,249,891<br />
BASIS OF CALCULATION OF ORDINARY TERM INSURANCE<br />
47. State basis of calculation of (47.1) decreasing term insurance contained in Family Income, Mortgage Protection, etc., policies and riders and of (47.2) term insurance on wife and<br />
children under Family, Parent and Children, etc., policies and riders included above.<br />
47.1<br />
47.2<br />
POLICIES WITH DISABILITY PROVISIONS<br />
Industrial Ordinary Credit Group<br />
1 2 3 4 5 6 7 8<br />
Number of Amount of Number of Amount of Number of Amount of Number of Amount of<br />
Disability Provision Policies <strong>Insurance</strong> (a) Policies <strong>Insurance</strong> (a) Policies <strong>Insurance</strong> (a) Certificates <strong>Insurance</strong> (a)<br />
48. Waiver of Premium.......................... ...................... ................................... ........219,565 ................24,043,384 ...................... ................................... ..........10,029 .....................488,297<br />
49. Disability Income............................. ...................... ................................... .................53 .........................1,052 ...................... ................................... ...................... ...................................<br />
50. Extended Benefits........................... ...................... ................................... .......XXX........ .............XXX............... ...................... ................................... ...................... ...................................<br />
51. Other............................................... ...................... ................................... ...................... ................................... ...................... ................................... ...................... ...................................<br />
52. Total................................................ ...................0 (b)...........................0 ........219,618 (b)...........24,044,436 ...................0 (b)...........................0 ..........10,029 (b)................488,297<br />
(a) Amounts of life insurance in this exhibit shall be shown in thousands (omit 000).<br />
(b) See Paragraph 9 of the Annual Audited <strong>Financial</strong> Reports in the General section of the Annual Statement Instructions.<br />
26
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
EXHIBIT OF NUMBER OF POLICIES, CONTRACTS, CERTIFICATES, INCOME PAYABLE<br />
AND ACCOUNT VALUES IN FORCE FOR SUPPLEMENTARY CONTRACTS,<br />
ANNUITIES, ACCIDENT & HEALTH AND OTHER POLICIES<br />
SUPPLEMENTARY CONTRACTS<br />
Ordinary<br />
Group<br />
1 2 3 4<br />
Involving <strong>Life</strong> Not Involving <strong>Life</strong> Involving <strong>Life</strong> Not Involving <strong>Life</strong><br />
Contingencies Contingencies Contingencies Contingencies<br />
1. In force end of prior year.................................................... .........................................5,803 .........................................6,335 ................................................... ..............................................46<br />
2. Issued during year............................................................. ..............................................73 ............................................668 ................................................... ...................................................<br />
3. Reinsurance assumed....................................................... ................................................... ................................................... ................................................... ...................................................<br />
4. Increased during year (net)................................................ ................................................... ................................................... ................................................... ...................................................<br />
5. Total (Lines 1 to 4)............................................................. .........................................5,876 .........................................7,003 ................................................0 ..............................................46<br />
Deductions during year:<br />
6. Decreased (net)................................................................. ............................................322 ............................................663 ................................................... ...................................................<br />
7. Reinsurance ceded............................................................ ................................................... ................................................... ................................................... ...................................................<br />
8. Totals (Lines 6 and 7)........................................................ ............................................322 ............................................663 ................................................0 ................................................0<br />
9. In force end of year............................................................ .........................................5,554 .........................................6,340 ................................................0 ..............................................46<br />
10. Amount on deposit............................................................. ................................89,929,225 (a).........................115,558,543 ................................................... (a)...............................................<br />
11. Income now payable.......................................................... .........................................3,793 .........................................5,603 ................................................... ...................................................<br />
12. Amount of income payable................................................ (a)...........................13,011,723 (a)...........................22,376,273 (a)............................................... (a)...............................................<br />
ANNUITIES<br />
Ordinary<br />
Group<br />
1 2 3 4<br />
Immediate Deferred Contracts Certificates<br />
1. In force end of prior year.................................................... .......................................19,000 ..................................1,210,842 .......................................36,741 .....................................470,695<br />
2. Issued during year............................................................. ............................................783 .......................................82,543 .........................................1,769 .......................................24,917<br />
3. Reinsurance assumed....................................................... ..............................................67 .........................................3,657 ................................................... ...................................................<br />
4. Increased during year (net)................................................ ................................................... ................................................... ................................................... ...................................................<br />
5. Total (Lines 1 to 4)............................................................. .......................................19,850 ..................................1,297,042 .......................................38,510 .....................................495,612<br />
Deductions during year:<br />
6. Decreased (net)................................................................. .........................................1,563 .......................................94,899 .........................................2,454 .......................................59,552<br />
7. Reinsurance ceded............................................................ ..............................................67 .........................................3,657 ................................................... ...................................................<br />
8. Totals (Lines 6 and 7)........................................................ .........................................1,630 .......................................98,556 .........................................2,454 .......................................59,552<br />
9. In force end of year............................................................ .......................................18,220 ..................................1,198,486 .......................................36,056 .....................................436,060<br />
Income now payable:<br />
10. Amount of income payable................................................ (a).........................194,294,460 .......................XXX..................... .......................XXX..................... (a).........................204,025,344<br />
Deferred fully paid:<br />
11. Account balance................................................................ .......................XXX..................... (a)......................4,185,680,788 .......................XXX..................... (a).........................233,949,840<br />
Deferred not fully paid:<br />
12. Account balance................................................................ .......................XXX..................... (a)....................61,630,711,180 .......................XXX..................... (a)......................7,809,302,227<br />
ACCIDENT AND HEALTH INSURANCE<br />
Group Credit Other<br />
1 2 3 4 5 6<br />
Certificates Premiums in force Policies Premiums in force Policies Premiums in force<br />
1. In force end of prior year.............................................. .................5,998,926 .............904,788,392 ...............................7 .................................. ......................30,159 ...............22,074,356<br />
2. Issued during year....................................................... .................1,422,400 .............185,216,874 .................................. .................................. .............................12 ........................7,424<br />
3. Reinsurance assumed................................................. .................................. .................................. .................................. .................................. .................................. ..................................<br />
4. Increased during year (net).......................................... .................................. ............XXX............... .................................. ............XXX............... .................................. ............XXX...............<br />
5. Total (Lines 1 to 4)....................................................... .................7,421,326 ............XXX............... ...............................7 ............XXX............... ......................30,171 ............XXX...............<br />
Deductions during year:<br />
6. Conversions................................................................. .................................. ............XXX............... ............XXX............... ............XXX............... ............XXX............... ............XXX...............<br />
7. Decreased (net)........................................................... ....................891,849 ............XXX............... .................................. ............XXX............... ........................2,526 ............XXX...............<br />
8. Reinsurance ceded...................................................... .................................. ............XXX............... .................................. ............XXX............... .................................. ............XXX...............<br />
9. Totals (Lines 6 to 8)..................................................... ....................891,849 ...........XXX................ ...............................0 ...........XXX................ ........................2,526 ............XXX...............<br />
10. In force end of year...................................................... .................6,529,477 (a).........992,517,492 ...............................7 (a).............................. ......................27,645 (a)...........20,380,749<br />
DEPOSIT FUNDS AND DIVIDEND ACCUMULATIONS<br />
1 2<br />
Deposit Funds<br />
Dividend Accumulations<br />
Contracts<br />
Contracts<br />
1. In force end of prior year................................................................................................................................................................. ......................................12,866 ....................................130,748<br />
2. Issued during year........................................................................................................................................................................... ...............................................2 ..................................................<br />
3. Reinsurance assumed..................................................................................................................................................................... .................................................. ..................................................<br />
4. Increased during year (net)............................................................................................................................................................. .................................................. ..................................................<br />
5. Total (Lines 1 to 4)........................................................................................................................................................................... ......................................12,868 ....................................130,748<br />
Deductions during year:<br />
6. Decreased (net)............................................................................................................................................................................... ........................................2,814 ......................................15,246<br />
7. Reinsurance ceded.......................................................................................................................................................................... .................................................. ..................................................<br />
8. Totals (Lines 6 and 7)...................................................................................................................................................................... ........................................2,814 ......................................15,246<br />
9. In force end of year.......................................................................................................................................................................... ......................................10,054 ....................................115,502<br />
10. Amount of account balance............................................................................................................................................................. (a).........................166,268,976 (a).........................335,129,701<br />
(a) See Paragraph 9 of the Annual Audited <strong>Financial</strong> Reports in the General section of the Annual Statement Instructions.<br />
27
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
FORM FOR CALCULATING THE INTEREST MAINTENANCE RESERVE<br />
Interest Maintenance Reserve<br />
1. Reserve as of December 31, prior year..................................................................................................................................................................................... ......................................167,981,651<br />
2. Current year's realized pre-tax capital gains/(losses) of $.....(152,560,882) transferred into the reserve net of taxes of $.....(53,396,309).............................. .......................................(99,164,573)<br />
3. Adjustment for current year's liability gains/(losses) released from the reserve........................................................................................................................ ..........................................5,944,317<br />
4. Balance before reduction for amount transferred to Summary of Operations (Line 1 + Line 2 + Line 3).................................................................................. ........................................74,761,395<br />
5. Current year's amortization released to Summary of Operations (Amortization, Line 1, Column 4).......................................................................................... ..........................................2,435,537<br />
6. Reserve as of December 31, current year (Line 4 minus Line 5).............................................................................................................................................. ........................................72,325,858<br />
1<br />
Amount<br />
Amortization<br />
1 2 3 4<br />
Reserve as of Current Year's Realized Capital Adjustment for Current Year's Balance Before Reduction for<br />
Year of December 31, Gains/(Losses) Transferred into Liability Gains/(Losses) the Current Year's Amortization<br />
Amortization Prior Year the Reserve Net of Taxes Released from the Reserve (Cols. 1 + 2 + 3)<br />
1. 2008................................................. .........................................5,666,986 ........................................(3,755,210) ............................................523,761 .........................................2,435,537<br />
2. 2009................................................. .......................................11,549,300 ......................................(18,222,705) .........................................1,157,822 ........................................(5,515,583)<br />
3. 2010................................................. .......................................10,902,476 ......................................(20,844,568) ............................................954,896 ........................................(8,987,196)<br />
4. 2011................................................. .......................................12,267,768 ......................................(20,538,027) .........................................1,020,261 ........................................(7,249,998)<br />
5. 2012................................................. .......................................11,167,577 ........................................(9,245,820) ............................................600,245 .........................................2,522,002<br />
6. 2013................................................. .......................................11,125,679 ........................................(8,782,812) ............................................719,617 .........................................3,062,484<br />
7. 2014................................................. .......................................11,787,297 ........................................(7,117,843) ............................................194,728 .........................................4,864,182<br />
8. 2015................................................. .......................................10,099,311 ........................................(2,868,708) ..............................................78,931 .........................................7,309,534<br />
9. 2016................................................. .........................................9,680,556 ........................................(1,511,669) ..............................................84,503 .........................................8,253,390<br />
10. 2017................................................. .........................................8,893,412 ...........................................(618,335) ................................................4,856 .........................................8,279,933<br />
11. 2018................................................. .........................................8,342,387 ...........................................(503,386) ..............................................13,834 .........................................7,852,835<br />
12. 2019................................................. .........................................8,943,425 ...........................................(473,704) ..............................................17,325 .........................................8,487,046<br />
13. 2020................................................. .........................................6,166,948 ...........................................(528,388) ..............................................18,607 .........................................5,657,167<br />
14. 2021................................................. .........................................7,757,389 ...........................................(586,648) ..............................................19,984 .........................................7,190,725<br />
15. 2022................................................. .........................................4,682,172 ...........................................(651,729) ..............................................21,463 .........................................4,051,906<br />
16. 2023................................................. .........................................3,687,827 ...........................................(775,050) ..............................................26,036 .........................................2,938,813<br />
17. 2024................................................. .........................................4,572,698 ...........................................(860,867) ..............................................27,955 .........................................3,739,786<br />
18. 2025................................................. .........................................3,980,270 ...........................................(445,455) ..............................................30,016 .........................................3,564,831<br />
19. 2026................................................. .........................................3,813,525 .............................................(25,047) ..............................................32,229 .........................................3,820,707<br />
20. 2027................................................. .........................................2,230,873 .............................................(37,990) ..............................................34,606 .........................................2,227,489<br />
21. 2028................................................. .........................................1,353,890 .............................................(49,503) ..............................................37,142 .........................................1,341,529<br />
22. 2029................................................. .........................................4,201,587 .............................................(66,342) ..............................................39,846 .........................................4,175,091<br />
23. 2030................................................. .........................................2,057,577 .............................................(74,452) ..............................................42,789 .........................................2,025,914<br />
24. 2031................................................. .........................................1,054,204 .............................................(85,275) ..............................................45,950 .........................................1,014,879<br />
25. 2032................................................. .........................................1,300,877 ...........................................(110,227) ..............................................49,344 .........................................1,239,994<br />
26. 2033................................................. .........................................1,074,112 ...........................................(120,586) ..............................................52,989 .........................................1,006,515<br />
27. 2034................................................. ............................................492,263 .............................................(19,345) ..............................................56,903 ............................................529,821<br />
28. 2035................................................. ............................................379,508 ..............................................28,908 ..............................................37,680 ............................................446,096<br />
29. 2036................................................. ............................................144,987 ..............................................78,806 .......................................................... ............................................223,793<br />
30. 2037................................................. ..............................................28,484 ..............................................69,691 .......................................................... ..............................................98,175<br />
31. 2038 and Later.................................. ........................................(1,423,714) ...........................................(422,285) .......................................................... ........................................(1,845,999)<br />
32. Total (Lines 1 to 31).......................... .....................................167,981,649 ......................................(99,164,571) .........................................5,944,318 .......................................74,761,396<br />
28
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE<br />
Default Component Equity Component 7<br />
1 2 3 4 5 6<br />
Other Than Real Estate Total<br />
Mortgage Mortgage Total Common and Other Total Amount<br />
Loans Loans (Cols. 1 + 2) Stock Invested Assets (Cols. 4 + 5) (Cols. 3 + 6)<br />
1. Reserve as of December 31, prior year....................................................................................................................................... ......................403,036,919 ......................129,542,128 ......................532,579,047 ........................78,844,213 ......................139,864,912 ......................218,709,125 ......................751,288,172<br />
2. Realized capital gains/(losses) net of taxes - General Account.................................................................................................. .....................(517,075,730) ..............................(80,187) .....................(517,155,917) .........................(4,854,881) ........................55,748,913 ........................50,894,032 .....................(466,261,885)<br />
3. Realized capital gains/(losses) net of taxes - Separate Accounts............................................................................................... ..............................(82,495) ........................................... ..............................(82,495) ........................................... ........................................... ........................................0 ..............................(82,495)<br />
4. Unrealized capital gains/(losses) - net of deferred taxes - General Account............................................................................... .......................(37,161,554) ........................................... .......................(37,161,554) .......................(47,965,598) .......................(59,831,408) .....................(107,797,006) .....................(144,958,560)<br />
5. Unrealized capital gains/(losses) - net of deferred taxes - Separate Accounts........................................................................... .......................(66,669,303) ............................(489,904) .......................(67,159,207) ........................................... ........................................... ........................................0 .......................(67,159,207)<br />
6. Capital gains credited/(losses charged) to contract benefits, payments or reserves.................................................................. ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0<br />
7. Basic contribution........................................................................................................................................................................ ........................86,367,015 ........................44,363,505 ......................130,730,520 ........................................... .............................198,012 .............................198,012 ......................130,928,532<br />
8. Accumulated balances (Lines 1 through 5, minus 6 plus 7)........................................................................................................ .....................(131,585,148) ......................173,335,542 ........................41,750,394 ........................26,023,734 ......................135,980,429 ......................162,004,163 ......................203,754,557<br />
29<br />
9. Maximum reserve........................................................................................................................................................................ ......................406,914,309 ......................133,794,742 ......................540,709,051 ........................78,696,809 ......................131,911,840 ......................210,608,649 ......................751,317,700<br />
10. Reserve objective........................................................................................................................................................................ ......................282,865,205 ........................84,501,998 ......................367,367,203 ........................78,639,970 ......................131,640,646 ......................210,280,616 ......................577,647,819<br />
11. 20% of (Line 10 minus Line 8)..................................................................................................................................................... ........................82,890,071 .......................(17,766,709) ........................65,123,362 ........................10,523,247 ............................(867,957) ..........................9,655,291 ........................74,778,652<br />
12. Balance before transfers (Lines 8 + 11)...................................................................................................................................... .......................(48,695,077) ......................155,568,833 ......................106,873,756 ........................36,546,981 ......................135,112,472 ......................171,659,454 ......................278,533,209<br />
13. Transfers..................................................................................................................................................................................... ........................48,695,077 .......................(48,695,077) ........................................0 ..........................3,200,632 .........................(3,200,632) ........................................0 ................XXX....................<br />
14. Voluntary contribution.................................................................................................................................................................. ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0<br />
15. Adjustment down to maximum/up to zero................................................................................................................................... ........................................... ........................................... ........................................0 ........................................... ........................................... ........................................0 ........................................0<br />
16. Reserve as of December 31, current year (Lines 12 + 13 + 14 + 15)......................................................................................... .......................................(0) ......................106,873,756 ......................106,873,756 ........................39,747,613 ......................131,911,840 ......................171,659,454 ......................278,533,209
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE<br />
Basic Contribution, Reserve Objective and Maximum Reserve Calculations<br />
Default Component<br />
1 2 3 4 Basic Contribution Reserve Objective Maximum Reserve<br />
Balance for 5 6 7 8 9 10<br />
NAIC Book/Adjusted Reclassify Add AVR Reserve<br />
Line Desig- Carrying Related Party Third Party Calculations Amount Amount Amount<br />
Number nation Description Value Encumbrances Encumbrances (Cols. 1 + 2 + 3) Factor (Cols. 4 x 5) Factor (Cols. 4 x 7) Factor (Cols. 4 x 9)<br />
LONG-TERM BONDS<br />
1 Exempt obligations............................................................................................................... .............1,587,566,980 ............XXX.......... ............XXX.......... .............1,587,566,980 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0<br />
2 1 Highest quality...................................................................................................................... ...........25,102,214,028 ............XXX.......... ............XXX.......... ...........25,102,214,028 .................0.0004 ..................10,040,886 .................0.0023 ..................57,735,092 .................0.0030 ..................75,306,642<br />
3 2 High quality........................................................................................................................... ...........15,727,001,717 ............XXX.......... ............XXX.......... ...........15,727,001,717 .................0.0019 ..................29,881,303 .................0.0058 ..................91,216,610 .................0.0090 ................141,543,015<br />
4 3 Medium quality..................................................................................................................... .............1,940,652,849 ............XXX.......... ............XXX.......... .............1,940,652,849 .................0.0093 ..................18,048,071 .................0.0230 ..................44,635,016 .................0.0340 ..................65,982,197<br />
5 4 Low quality........................................................................................................................... ................710,583,172 ............XXX.......... ............XXX.......... ................710,583,172 .................0.0213 ..................15,135,422 .................0.0530 ..................37,660,908 .................0.0750 ..................53,293,738<br />
6 5 Lower quality........................................................................................................................ ................210,807,453 ............XXX.......... ............XXX.......... ................210,807,453 .................0.0432 ....................9,106,882 .................0.1100 ..................23,188,820 .................0.1700 ..................35,837,267<br />
7 6 In or near default.................................................................................................................. ..................66,603,372 ............XXX.......... ............XXX.......... ..................66,603,372 .................0.0000 ..................................0 .................0.2000 ..................13,320,674 .................0.2000 ..................13,320,674<br />
8 Total unrated multi-class securities acquired by conversion................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 ...........XXX........... ..................................0 ...........XXX........... ..................................0 ...........XXX........... .....................................<br />
9 Total bonds (sum of Lines 1 through 8) (Page 2, Line 1, Net admitted asset)..................... ...........45,345,429,571 ............XXX.......... ............XXX.......... ...........45,345,429,571 ...........XXX........... ..................82,212,564 ...........XXX........... ................267,757,120 ...........XXX........... ................385,283,534<br />
PREFERRED STOCKS<br />
30<br />
10 1 Highest quality...................................................................................................................... .............1,082,800,424 ............XXX.......... ............XXX.......... .............1,082,800,424 .................0.0004 .......................433,120 .................0.0023 ....................2,490,441 .................0.0030 ....................3,248,401<br />
11 2 High quality........................................................................................................................... ................394,216,601 ............XXX.......... ............XXX.......... ................394,216,601 .................0.0019 .......................749,012 .................0.0058 ....................2,286,456 .................0.0090 ....................3,547,949<br />
12 3 Medium quality..................................................................................................................... ..................90,588,021 ............XXX.......... ............XXX.......... ..................90,588,021 .................0.0093 .......................842,469 .................0.0230 ....................2,083,524 .................0.0340 ....................3,079,993<br />
13 4 Low quality........................................................................................................................... ....................1,000,000 ............XXX.......... ............XXX.......... ....................1,000,000 .................0.0213 .........................21,300 .................0.0530 .........................53,000 .................0.0750 .........................75,000<br />
14 5 Lower quality........................................................................................................................ .......................690,000 ............XXX.......... ............XXX.......... .......................690,000 .................0.0432 .........................29,808 .................0.1100 .........................75,900 .................0.1700 .......................117,300<br />
15 6 In or near default.................................................................................................................. .......................783,648 ............XXX.......... ............XXX.......... .......................783,648 .................0.0000 ..................................0 .................0.2000 .......................156,730 .................0.2000 .......................156,730<br />
16 Affiliated life with AVR.......................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0<br />
17 Total preferred stocks (sum of Lines 10 through 16)<br />
(Page 2, Line 2.1, Net admitted asset)................................................................................. .............1,570,078,694 ............XXX.......... ............XXX.......... .............1,570,078,694 ...........XXX........... ....................2,075,708 ...........XXX........... ....................7,146,051 ...........XXX........... ..................10,225,373<br />
SHORT-TERM BONDS<br />
18 Exempt obligations............................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0 .................0.0000 ..................................0<br />
19 1 Highest quality...................................................................................................................... .............1,062,016,645 ............XXX.......... ............XXX.......... .............1,062,016,645 .................0.0004 .......................424,807 .................0.0023 ....................2,442,638 .................0.0030 ....................3,186,050<br />
20 2 High quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0019 ..................................0 .................0.0058 ..................................0 .................0.0090 ..................................0<br />
21 3 Medium quality..................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0093 ..................................0 .................0.0230 ..................................0 .................0.0340 ..................................0<br />
22 4 Low quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0213 ..................................0 .................0.0530 ..................................0 .................0.0750 ..................................0<br />
23 5 Lower quality........................................................................................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0432 ..................................0 .................0.1100 ..................................0 .................0.1700 ..................................0<br />
24 6 In or near default.................................................................................................................. ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.2000 ..................................0 .................0.2000 ..................................0<br />
25 Total short-term bonds (sum of Lines 18 thru 24)................................................................ .............1,062,016,645 ............XXX.......... ............XXX.......... .............1,062,016,645 ...........XXX........... .......................424,807 ...........XXX........... ....................2,442,638 ...........XXX........... ....................3,186,050
31<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE (continued)<br />
Basic Contribution, Reserve Objective and Maximum Reserve Calculations<br />
Default Component<br />
1 2 3 4 Basic Contribution Reserve Objective Maximum Reserve<br />
Balance for 5 6 7 8 9 10<br />
NAIC Book/Adjusted Reclassify Add AVR Reserve<br />
Line Desig- Carrying Related Party Third Party Calculations Amount Amount Amount<br />
Number nation Description Value Encumbrances Encumbrances (Cols. 1 + 2 + 3) Factor (Cols. 4 x 5) Factor (Cols. 4 x 7) Factor (Cols. 4 x 9)<br />
DERIVATIVE INSTRUMENTS<br />
26 Exchange-traded.................................................................................................................. ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0004 ..................................0 .................0.0023 ..................................0 .................0.0030 ..................................0<br />
27 1 Highest quality...................................................................................................................... ..................63,365,797 ............XXX.......... ............XXX.......... ..................63,365,797 .................0.0004 .........................25,346 .................0.0023 .......................145,741 .................0.0030 .......................190,097<br />
28 2 High quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0019 ..................................0 .................0.0058 ..................................0 .................0.0090 ..................................0<br />
29 3 Medium quality..................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0093 ..................................0 .................0.0230 ..................................0 .................0.0340 ..................................0<br />
30 4 Low quality........................................................................................................................... ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0213 ..................................0 .................0.0530 ..................................0 .................0.0750 ..................................0<br />
31 5 Lower quality........................................................................................................................ ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0432 ..................................0 .................0.1100 ..................................0 .................0.1700 ..................................0<br />
32 6 In or near default.................................................................................................................. ..................................... ............XXX.......... ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.2000 ..................................0 .................0.2000 ..................................0<br />
33 Total derivative instruments................................................................................................. ..................63,365,797 ............XXX.......... ............XXX.......... ..................63,365,797 ...........XXX........... .........................25,346 ...........XXX........... .......................145,741 ...........XXX........... .......................190,097<br />
34 TOTAL (Lines 9 + 17 + 25 + 33).......................................................................................... ...........48,040,890,707 ............XXX.......... ............XXX.......... ...........48,040,890,707 ...........XXX........... ..................84,738,425 ...........XXX........... ................277,491,551 ...........XXX........... ................398,885,054<br />
MORTGAGE LOANS<br />
In good standing:<br />
35 Farm mortgages............................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 (a)............0.0063 ..................................0 (a)............0.0120 ..................................0 (a)............0.0190 ..................................0<br />
36 Residential mortgages-insured or guaranteed................................................................. ..................................... ............................. ............XXX.......... ..................................0 .................0.0003 ..................................0 .................0.0006 ..................................0 .................0.0010 ..................................0<br />
37 Residential mortgages-all other........................................................................................ .......................140,138 ............................. ............XXX.......... .......................140,138 .................0.0013 ..............................182 .................0.0030 ..............................420 .................0.0040 ..............................561<br />
38 Commercial mortgages-insured or guaranteed................................................................ .......................320,868 ............................. ............XXX.......... .......................320,868 .................0.0003 ................................96 .................0.0006 ..............................193 .................0.0010 ..............................321<br />
39 Commercial mortgages-all other...................................................................................... .............7,026,793,075 ............................. ............XXX.......... .............7,026,793,075 (a)............0.0063 ..................44,268,796 (a)............0.0120 ..................84,321,517 (a)............0.0190 ................133,509,068<br />
40 In good standing with restructured terms............................................................................. ..................................... ............................. ............XXX.......... ..................................0 (b)............0.0179 ..................................0 (b)............0.0397 ..................................0 (b)............0.0640 ..................................0<br />
Overdue, not in process:<br />
41 Farm mortgages............................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0420 ..................................0 .................0.0760 ..................................0 .................0.1200 ..................................0<br />
42 Residential mortgages-insured or guaranteed................................................................. ..................................... ............................. ............XXX.......... ..................................0 .................0.0005 ..................................0 .................0.0012 ..................................0 .................0.0020 ..................................0<br />
43 Residential mortgages-all other........................................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0025 ..................................0 .................0.0058 ..................................0 .................0.0090 ..................................0<br />
44 Commercial mortgages-insured or guaranteed................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0005 ..................................0 .................0.0012 ..................................0 .................0.0020 ..................................0<br />
45 Commercial mortgages-all other...................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0420 ..................................0 .................0.0760 ..................................0 .................0.1200 ..................................0<br />
In process of foreclosure:<br />
46 Farm mortgages............................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.1700 ..................................0 .................0.1700 ..................................0<br />
47 Residential mortgages-insured or guaranteed................................................................. ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0040 ..................................0 .................0.0040 ..................................0<br />
48 Residential mortgages-all other........................................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0130 ..................................0 .................0.0130 ..................................0<br />
49 Commercial mortgages-insured or guaranteed................................................................ ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.0040 ..................................0 .................0.0040 ..................................0<br />
50 Commercial mortgages-all other...................................................................................... ..................................... ............................. ............XXX.......... ..................................0 .................0.0000 ..................................0 .................0.1700 ..................................0 .................0.1700 ..................................0<br />
Total Schedule B mortgages (sum of Lines 35 through 50)<br />
51 (Page 2, Line 3, Net admitted asset).................................................................................... .............7,027,254,081 ..........................0 ...........XXX........... .............7,027,254,081 ...........XXX........... ..................44,269,075 ...........XXX........... ..................84,322,130 ...........XXX........... ................133,509,950<br />
52 Schedule DA mortgages...................................................................................................... ..................................... ............................. ............XXX.......... ..................................0 (c)......................... ..................................0 (c)......................... ..................................0 (c)......................... ..................................0<br />
53 Total mortgage loans on real estate (Lines 51 + 52)............................................................ .............7,027,254,081 ..........................0 ............XXX.......... .............7,027,254,081 ...........XXX........... ..................44,269,075 ...........XXX........... ..................84,322,130 ...........XXX........... ................133,509,950<br />
(a) Times the company's experience adjustment factor (EAF).<br />
(b) Column 9 is the greater of 6.4% without any EAF adjustments or a company's EAF adjusted In Good Standing (IGS) factor plus 150 basis points. Columns 5 and 7 are 28% and 62% respectively of Column 9.<br />
(c) Determined using the same factors and breakdowns used for directly owned mortgage loans.
32<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE<br />
Basic Contribution, Reserve Objective and Maximum Reserve Calculations<br />
Equity and Other Invested Asset Component<br />
1 2 3 4 Basic Contribution Reserve Objective Maximum Reserve<br />
Balance for 5 6 7 8 9 10<br />
NAIC Book/Adjusted Reclassify Add AVR Reserve<br />
Line Desig- Carrying Related Party Third Party Calculations Amount Amount Amount<br />
Number nation Description Value Encumbrances Encumbrances (Cols. 1 + 2 + 3) Factor (Cols. 4 x 5) Factor (Cols. 4 x 7) Factor (Cols. 4 x 9)<br />
COMMON STOCK<br />
1 Unaffiliated public................................................................................................................. ................56,990,635 .............XXX........... ...........XXX........... ................56,990,635 .................0.0000 ................................0 (d)............0.2000 ................11,398,127 (d)............0.2000 ................11,398,127<br />
2 Unaffiliated private................................................................................................................ ..................8,567,245 .............XXX........... ...........XXX........... ..................8,567,245 .................0.0000 ................................0 .................0.1600 ..................1,370,759 .................0.1600 ..................1,370,759<br />
3 Federal Home Loan Bank.................................................................................................... ................18,946,400 .............XXX........... ...........XXX........... ................18,946,400 .................0.0000 ................................0 .................0.0050 .......................94,732 .................0.0080 .....................151,571<br />
4 Affiliated life with AVR.......................................................................................................... ..............795,171,102 .............XXX........... ...........XXX........... ..............795,171,102 .................0.0000 ................................0 .................0.0000 ................................0 .................0.0000 ................................0<br />
Affiliated Investment Subsidiary:<br />
5 Fixed income exempt obligations..................................................................................... ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
6 Fixed income highest quality............................................................................................ ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
7 Fixed income high quality................................................................................................. ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
8 Fixed income medium quality........................................................................................... ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
9 Fixed income low quality.................................................................................................. ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
10 Fixed income lower quality............................................................................................... ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
11 Fixed income in or near default........................................................................................ ................................... ............................... ............................. ................................0 ...........XXX........... ................................... ...........XXX........... ................................... ...........XXX........... ...................................<br />
12 Unaffiliated common stock public..................................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 (d)......................... ................................0 (d)......................... ................................0<br />
13 Unaffiliated common stock private................................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.1600 ................................0 .................0.1600 ................................0<br />
14 Mortgage loans................................................................................................................. ................................... ............................... ............................. ................................0 (c)......................... ................................0 (c)......................... ................................0 (c)......................... ................................0<br />
15 Real estate....................................................................................................................... ................................... ............................... ............................. ................................0 (e)......................... ................................0 (e)......................... ................................0 (e)......................... ................................0<br />
16 Affiliated - certain other (see SVO Purposes and Procedures manual)............................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.1300 ................................0 .................0.1300 ................................0<br />
17 Affiliated - all other................................................................................................................ ..............411,102,201 .............XXX........... ...........XXX........... ..............411,102,201 .................0.0000 ................................0 .................0.1600 ................65,776,352 .................0.1600 ................65,776,352<br />
18 Total common stock (sum of Lines 1 through 17)<br />
(Page 2, Line 2.2, Net admitted asset)................................................................................. ...........1,290,777,583 ............................0 ..........................0 ...........1,290,777,583 ...........XXX........... ................................0 ...........XXX........... ................78,639,970 ...........XXX........... ................78,696,810<br />
REAL ESTATE<br />
19 Home office property (General Account only)...................................................................... ................47,149,535 ............................... ............................. ................47,149,535 .................0.0000 ................................0 .................0.0750 ..................3,536,215 .................0.0750 ..................3,536,215<br />
20 Investment properties........................................................................................................... ................96,127,192 ............................... ............................. ................96,127,192 .................0.0000 ................................0 .................0.0750 ..................7,209,539 .................0.0750 ..................7,209,539<br />
21 Properties acquired in satisfaction of debt........................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.1100 ................................0 .................0.1100 ................................0<br />
22 Total real estate (sum of Lines 19 through 21)..................................................................... ..............143,276,727 ............................0 ..........................0 ..............143,276,727 ...........XXX........... ................................0 ...........XXX........... ................10,745,755 ...........XXX........... ................10,745,755<br />
OTHER INVESTED ASSETS<br />
INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF BONDS<br />
23 Exempt obligations............................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0000 ................................0 .................0.0000 ................................0<br />
24 1 Highest quality...................................................................................................................... ..................9,505,269 .............XXX........... ...........XXX........... ..................9,505,269 .................0.0004 .........................3,802 .................0.0023 .......................21,862 .................0.0030 .......................28,516<br />
25 2 High quality........................................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0019 ................................0 .................0.0058 ................................0 .................0.0090 ................................0<br />
26 3 Medium quality..................................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0093 ................................0 .................0.0230 ................................0 .................0.0340 ................................0<br />
27 4 Low quality........................................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0213 ................................0 .................0.0530 ................................0 .................0.0750 ................................0<br />
28 5 Lower quality........................................................................................................................ ................................... .............XXX........... ...........XXX........... ................................0 .................0.0432 ................................0 .................0.1100 ................................0 .................0.1700 ................................0<br />
29 6 In or near default.................................................................................................................. ................14,087,313 .............XXX........... ...........XXX........... ................14,087,313 .................0.0000 ................................0 .................0.2000 ..................2,817,463 .................0.2000 ..................2,817,463<br />
30 Total with bond characteristics (sum of Lines 23 through 29).............................................. ................23,592,582 .............XXX........... ...........XXX........... ................23,592,582 ...........XXX........... .........................3,802 ...........XXX........... ..................2,839,325 ...........XXX........... ..................2,845,978
33<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE (continued)<br />
Basic Contribution, Reserve Objective and Maximum Reserve Calculations<br />
Equity and Other Invested Asset Component<br />
1 2 3 4 Basic Contribution Reserve Objective Maximum Reserve<br />
Balance for 5 6 7 8 9 10<br />
NAIC Book/Adjusted Reclassify Add AVR Reserve<br />
Line Desig- Carrying Related Party Third Party Calculations Amount Amount Amount<br />
Number nation Description Value Encumbrances Encumbrances (Cols. 1 + 2 + 3) Factor (Cols. 4 x 5) Factor (Cols. 4 x 7) Factor (Cols. 4 x 9)<br />
INVESTMENTS WITH THE UNDERLYING<br />
CHARACTERISTICS OF PREFERRED STOCKS<br />
31 1 Highest quality...................................................................................................................... ................77,086,808 .............XXX........... ...........XXX........... ................77,086,808 .................0.0004 .......................30,835 .................0.0023 .....................177,300 .................0.0030 .....................231,260<br />
32 2 High quality........................................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0019 ................................0 .................0.0058 ................................0 .................0.0090 ................................0<br />
33 3 Medium quality..................................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0093 ................................0 .................0.0230 ................................0 .................0.0340 ................................0<br />
34 4 Low quality........................................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0213 ................................0 .................0.0530 ................................0 .................0.0750 ................................0<br />
35 5 Lower quality........................................................................................................................ ................................... .............XXX........... ...........XXX........... ................................0 .................0.0432 ................................0 .................0.1100 ................................0 .................0.1700 ................................0<br />
36 6 In or near default.................................................................................................................. ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.2000 ................................0 .................0.2000 ................................0<br />
37 Affiliated life with AVR.......................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0000 ................................0 .................0.0000 ................................0<br />
38 Total with preferred stock characteristics (sum of Lines 31 through 37).............................. ................77,086,808 .............XXX........... ...........XXX........... ................77,086,808 ...........XXX........... .......................30,835 ...........XXX........... .....................177,300 ...........XXX........... .....................231,260<br />
INVESTMENTS WITH THE UNDERLYING<br />
CHARACTERISTICS OF MORTGAGE LOANS<br />
In Good Standing:<br />
39 Farm mortgages............................................................................................................... ................................... ............................... ...........XXX........... ................................0 (a)......................... ................................0 (a)......................... ................................0 (a)......................... ................................0<br />
40 Residential mortgages-insured or guaranteed................................................................. ................................... ............................... ...........XXX........... ................................0 .................0.0003 ................................0 .................0.0006 ................................0 .................0.0010 ................................0<br />
41 Residential mortgages-all other........................................................................................ ................................... .............XXX........... ...........XXX........... ................................0 .................0.0013 ................................0 .................0.0030 ................................0 .................0.0040 ................................0<br />
42 Commercial mortgages-insured or guaranteed................................................................ ................................... ............................... ...........XXX........... ................................0 .................0.0003 ................................0 .................0.0006 ................................0 .................0.0010 ................................0<br />
43 Commercial mortgages-all other...................................................................................... ................................... ............................... ...........XXX........... ................................0 (a)......................... ................................0 (a)......................... ................................0 (a)......................... ................................0<br />
44 In good standing with restructured terms............................................................................. ................................... ............................... ...........XXX........... ................................0 (b)......................... ................................0 (b)......................... ................................0 (b)......................... ................................0<br />
Overdue, Not in Process:<br />
45 Farm mortgages............................................................................................................... ................................... ............................... ...........XXX........... ................................0 .................0.0420 ................................0 .................0.0760 ................................0 .................0.1200 ................................0<br />
46 Residential mortgages-insured or guaranteed................................................................. ................................... ............................... ...........XXX........... ................................0 .................0.0005 ................................0 .................0.0012 ................................0 .................0.0020 ................................0<br />
47 Residential mortgages-all other........................................................................................ ................................... ............................... ...........XXX........... ................................0 .................0.0025 ................................0 .................0.0058 ................................0 .................0.0090 ................................0<br />
48 Commercial mortgages-insured or guaranteed................................................................ ................................... ............................... ...........XXX........... ................................0 .................0.0005 ................................0 .................0.0012 ................................0 .................0.0020 ................................0<br />
49 Commercial mortgages-all other...................................................................................... ................................... ............................... ...........XXX........... ................................0 .................0.0420 ................................0 .................0.0760 ................................0 .................0.1200 ................................0<br />
In Process of foreclosure:<br />
50 Farm mortgages............................................................................................................... ................................... ............................... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.1700 ................................0 .................0.1700 ................................0<br />
51 Residential mortgages-insured or guaranteed................................................................. ................................... ............................... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0040 ................................0 .................0.0040 ................................0<br />
52 Residential mortgages-all other........................................................................................ ................................... ............................... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0130 ................................0 .................0.0130 ................................0<br />
53 Commercial mortgages-insured or guaranteed................................................................ ................................... ............................... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0040 ................................0 .................0.0040 ................................0<br />
54 Commercial mortgages-all other...................................................................................... ................................... ............................... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.1700 ................................0 .................0.1700 ................................0<br />
55 Total with mortgage loan characteristics (sum of Lines 39 through 54)............................... ................................0 ............................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0 ...........XXX........... ................................0
34<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE (continued)<br />
Basic Contribution, Reserve Objective and Maximum Reserve Calculations<br />
Equity and Other Invested Asset Component<br />
1 2 3 4 Basic Contribution Reserve Objective Maximum Reserve<br />
Balance for 5 6 7 8 9 10<br />
NAIC Book/Adjusted Reclassify Add AVR Reserve<br />
Line Desig- Carrying Related Party Third Party Calculations Amount Amount Amount<br />
Number nation Description Value Encumbrances Encumbrances (Cols. 1 + 2 + 3) Factor (Cols. 4 x 5) Factor (Cols. 4 x 7) Factor (Cols. 4 x 9)<br />
INVESTMENTS WITH THE UNDERLYING<br />
CHARACTERISTICS OF COMMON STOCK<br />
56 Unaffiliated public................................................................................................................. ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 (d)......................... ................................0 (d)......................... ................................0<br />
57 Unaffiliated private................................................................................................................ ..............563,651,509 .............XXX........... ...........XXX........... ..............563,651,509 .................0.0000 ................................0 .................0.1600 ................90,184,241 .................0.1600 ................90,184,241<br />
58 Affiliated life with AVR.......................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.0000 ................................0 .................0.0000 ................................0<br />
59 Affiliated certain other (see SVO Purposes and Procedures manual)................................. ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.1300 ................................0 .................0.1300 ................................0<br />
60 Affiliated other - all other...................................................................................................... ................................... .............XXX........... ...........XXX........... ................................0 .................0.0000 ................................0 .................0.1600 ................................0 .................0.1600 ................................0<br />
61 Total with common stock characteristics (sum of Lines 56 through 60)............................... ..............563,651,509 .............XXX........... ...........XXX........... ..............563,651,509 ...........XXX........... ................................0 ...........XXX........... ................90,184,241 ...........XXX........... ................90,184,241<br />
INVESTMENTS WITH THE UNDERLYING CHARACTERISTICS OF REAL ESTATE<br />
62 Home office property (general account only)....................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.0750 ................................0 .................0.0750 ................................0<br />
63 Investment properties........................................................................................................... ................97,370,452 ............................... ............................. ................97,370,452 .................0.0000 ................................0 .................0.0750 ..................7,302,784 .................0.0750 ..................7,302,784<br />
64 Properties acquired in satisfaction of debt........................................................................... ................................... ............................... ............................. ................................0 .................0.0000 ................................0 .................0.1100 ................................0 .................0.1100 ................................0<br />
65 Total with real estate characteristics (Lines 62 through 64)................................................. ................97,370,452 ............................0 ..........................0 ................97,370,452 ...........XXX........... ................................0 ...........XXX........... ..................7,302,784 ...........XXX........... ..................7,302,784<br />
LOW INCOME HOUSING TAX CREDIT INVESTMENTS<br />
66 Guaranteed federal low income housing tax credit.............................................................. ..............124,157,311 ............................... ............................. ..............124,157,311 .................0.0003 .......................37,247 .................0.0006 .......................74,494 .................0.0010 .....................124,157<br />
67 Non-guaranteed federal low income housing tax credit....................................................... ..................7,459,539 ............................... ............................. ..................7,459,539 .................0.0063 .......................46,995 .................0.0120 .......................89,514 .................0.0190 .....................141,731<br />
68 State low income housing tax credit..................................................................................... ..................2,898,653 ............................... ............................. ..................2,898,653 .................0.0273 .......................79,133 .................0.0600 .....................173,919 .................0.0975 .....................282,619<br />
69 All other low income housing tax credit................................................................................ ................................... ............................... ............................. ................................0 .................0.0273 ................................0 .................0.0600 ................................0 .................0.0975 ................................0<br />
70 Total low income housing tax credit (Lines 66 through 69).................................................. ..............134,515,503 ............................0 ..........................0 ..............134,515,503 ...........XXX........... .....................163,376 ...........XXX........... .....................337,928 ...........XXX........... .....................548,507<br />
ALL OTHER INVESTMENTS<br />
71 Other invested assets - Schedule BA................................................................................... ..............154,256,267 .............XXX........... ............................. ..............154,256,267 .................0.0000 ................................0 .................0.1300 ................20,053,315 .................0.1300 ................20,053,315<br />
72 Other short-term invested assets - Schedule DA................................................................. ................................... .............XXX........... ............................. ................................0 .................0.0000 ................................0 .................0.1300 ................................0 .................0.1300 ................................0<br />
73 Total all other (sum of Lines 71 + 72)................................................................................... ..............154,256,267 .............XXX........... ..........................0 ..............154,256,267 ...........XXX........... ................................0 ...........XXX........... ................20,053,315 ...........XXX........... ................20,053,315<br />
74 Total other invested assets - Schedule BA & DA<br />
(Sum of Lines 30, 38, 55, 61, 65, 70 and 73)....................................................................... ...........1,050,473,121 ............................0 ..........................0 ...........1,050,473,121 ...........XXX........... .....................198,012 ...........XXX........... ..............120,894,892 ...........XXX........... ..............121,166,086<br />
(a) Times the company's experience adjustment factor (EAF).<br />
(b) Column 9 is the greater of 6.4% without any EAF adjustments or a company's EAF adjusted In Good Standing (IGS) factor plus 150 basis points. Columns 5 and 7 are 28% and 62% respectively of Column 9.<br />
(c) Determined using the same factors and breakdowns used for directly owned mortgage loans.<br />
(d) Times the company's weighted average portfolio beta (Minimum .10, Maximum .20).<br />
(e) Determined using same factors and breakdowns used for directly owned real estate.
35<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
ASSET VALUATION RESERVE (continued)<br />
Basic Contributions, Reserve Objective and Maximum Reserve Calculations<br />
Replications (Synthetic) Assets<br />
1 2 3 4 5 6 7 8 9<br />
NAIC Designation AVR AVR AVR<br />
RSAT Description or Other Description Value of Basic Reserve Maximum<br />
Number Type CUSIP of Asset(s) of Asset Asset Contribution Objective Reserve<br />
Other Than Mortgage Loans<br />
06051AA*3................................................. .....R........ 06051A A* 3 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .......................13,257,855 ................................5,303 ..............................30,493 ..............................39,774<br />
06051AA*3................................................. .....CN..... 81413P AG 0 SECURITY CAPITAL GROUP INC........................................................ 1FE.......................................................................................................... .......................13,797,948 .......................................... .......................................... ..........................................<br />
00079FA*3................................................. .....R........ 00079F A* 3 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .......................10,004,275 ................................4,002 ..............................23,010 ..............................30,013<br />
00079FA*3................................................. .....CN..... 3128X2 XL 4 FEDERAL HOME LOAN MTG CORP MTN........................................... 1FE.......................................................................................................... .......................10,294,303 .......................................... .......................................... ..........................................<br />
775109A*2................................................. .....R........ 775109 A* 2 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .........................9,685,964 ................................3,874 ..............................22,278 ..............................29,058<br />
775109A*2................................................. .....CN..... 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST.................................... 1FE.......................................................................................................... .........................9,975,964 .......................................... .......................................... ..........................................<br />
984121B#9................................................. .....R........ 984121 B# 9 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .........................9,545,964 ................................3,818 ..............................21,956 ..............................28,638<br />
984121B#9................................................. .....CN..... 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST.................................... 1FE.......................................................................................................... .........................9,975,964 .......................................... .......................................... ..........................................<br />
22303QA*1................................................. .....R........ 22303Q A* 1 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .........................9,683,720 ................................3,873 ..............................22,273 ..............................29,051<br />
22303QA*1................................................. .....CN..... 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST.................................... 1FE.......................................................................................................... .........................9,975,964 .......................................... .......................................... ..........................................<br />
902133A*8................................................. .....R........ 902133 A* 8 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .........................9,382,954 ................................3,753 ..............................21,581 ..............................28,149<br />
902133A*8................................................. .....CN..... 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST.................................... 1FE.......................................................................................................... .........................9,975,964 .......................................... .......................................... ..........................................<br />
0.................................................................. .....R........ 000000 00 0 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .......................12,675,802 ................................5,070 ..............................29,154 ..............................38,027<br />
0.................................................................. .....CN..... 03027W AA 0 AMERICAN TOWER TR I 07-1 AFX 144A CMBS................................. 1FE.......................................................................................................... .......................26,411,571 .......................................... .......................................... ..........................................<br />
302915A*4................................................. .....R........ 302915 A* 4 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .........................6,488,919 ................................2,596 ..............................14,925 ..............................19,467<br />
302915A*4................................................. .....CN..... 38373M CE 8 GNMA...................................................................................................... 1FE.......................................................................................................... .......................16,991,419 .......................................... .......................................... ..........................................<br />
G3295@AA7.............................................. .....R........ G3295@ AA 7 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .......................12,827,014 ................................5,131 ..............................29,502 ..............................38,481<br />
G3295@AA7.............................................. .....CN..... 03027W AE 2 AMERICAN TOWER TR I....................................................................... 2FE.......................................................................................................... .......................20,484,865 .......................................... .......................................... ..........................................<br />
55262CA@9.............................................. .....R........ 55262C A@ 9 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .......................10,315,597 ................................4,126 ..............................23,726 ..............................30,947<br />
55262CA@9.............................................. .....CN..... 22541N MR 7 CS FIRST BOSTON MTG...................................................................... 1FE.......................................................................................................... .......................21,043,296 .......................................... .......................................... ..........................................<br />
78442PK#2................................................ .....R........ 78442P K# 2 CREDIT DEFAULT REPLICATION........................................................ .............................................................................................................1 .......................11,347,056 ................................4,539 ..............................26,098 ..............................34,041<br />
78442PK#2................................................ .....CN..... 36228C JX 2 GS MTG SECS CORP II........................................................................ 1FE.......................................................................................................... .......................17,022,476 .......................................... .......................................... ..........................................<br />
0199999. Subtotal - Other Than Mortgage Loans........................................................................................................................................................ ................................................................................................................. .....................281,164,854 ..............................46,085 ............................264,996 ............................345,646<br />
0599999. Total............................................................................................................................................................................................................... ................................................................................................................. .....................281,164,854 ..............................46,085 ............................264,996 ............................345,646
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE F<br />
Showing all claims for death losses and all other contract claims resisted or compromised during the year,<br />
and all claims for death losses and all other contract claims resisted December 31 of current year<br />
1 2 3 4 5 6 7 8<br />
State of Year of Claim Amount Paid Amount Resisted<br />
Contract Claim Residence for Death or Amount During the Dec. 31 of Why Compromised<br />
Numbers Numbers of Claimant Disability Claimed Year Current Year or Resisted<br />
CLAIMS DISPOSED OF DURING CURRENT YEAR<br />
Death Claims - Ordinary<br />
.............................. .................................. ....................... ........................... ............................. ............................. ............................. ................................................................................................<br />
JP5521660............ 475824..................... ND.................. ...................2007 ............3,000,000 ............1,375,000 - ........................ Contestable claim within 2 yrs - denied and litigation filed compromise<br />
23 07950788......... 535103..................... CA.................. ...................2007 ...............100,000 .................17,500 ............................. Reinstated contestable claim - denied and litigation filed compromise<br />
0199999. Death Claims - Ordinary................................................... ............3,100,000 ............1,392,500 ..........................0 ..........................................XXX...............................................<br />
0599999. Subtotal - Disposed-Death Claims................................... ............3,100,000 ............1,392,500 ..........................0 ..........................................XXX...............................................<br />
2699999. Subtotal - Claims Disposed of During Current Year......... ............3,100,000 ............1,392,500 ..........................0 ..........................................XXX...............................................<br />
CLAIMS RESISTED DURING CURRENT YEAR<br />
Death Claims - Ordinary<br />
.............................. .................................. ....................... ........................... ............................. ............................. ............................. ................................................................................................<br />
T200977781.......... 527242..................... CA.................. ...................2007 ...............800,000 ............................. ...............800,000 Policy rescinded - case in litigation - waiting for decision ......<br />
JP5562405............ 552848..................... FL................... ...................2008 ............5,000,000 ............................. ............5,000,000 Contestable claim in litigation - waiting for decision..............<br />
ML5583150........... 551832..................... NY.................. ...................2008 ............4,000,000 ............................. ............4,000,000 Contestable claim in litigation - waiting for decision..............<br />
2799999. Death Claims - Ordinary................................................... ............9,800,000 ..........................0 ............9,800,000 ..........................................XXX...............................................<br />
3199999. Subtotal - Resisted-Death Claims.................................... ............9,800,000 ..........................0 ............9,800,000 ..........................................XXX...............................................<br />
5299999. Subtotal - Claims Resisted During Current Year.............. ............9,800,000 ..........................0 ............9,800,000 ..........................................XXX...............................................<br />
5399999. Totals................................................................................ ..........12,900,000 ............1,392,500 ............9,800,000 ..........................................XXX...............................................<br />
36
37<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE H - ACCIDENT AND HEALTH EXHIBIT<br />
Group Credit Accident and Other Individual Contracts<br />
Accident and Health (Group and Collectively Guaranteed Non-Renewable for Other Accident<br />
Total Health Individual) Renewable Non-Cancelable Renewable Stated Reasons Only Only All Other<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18<br />
Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount %<br />
PART 1 - ANALYSIS OF UNDERWRITING OPERATIONS<br />
1. Premiums written....................................................................... .1,019,560,715 ......XXX..... .1,004,856,096 ....XXX.... ......................... ....XXX.... ...........140,482 ....XXX.... ......11,874,473 ....XXX.... ........2,685,068 ......XXX..... ......................... ....XXX.... ..................982 ....XXX.... ...............3,614 ....XXX..<br />
2. Premiums earned....................................................................... .1,017,290,477 ......XXX..... .1,002,440,034 ....XXX.... ......................... ....XXX.... ...........141,336 ....XXX.... ......11,979,972 ....XXX.... ........2,724,533 ......XXX..... ......................... ....XXX.... ..................988 ....XXX.... ...............3,614 ....XXX..<br />
3. Incurred claims........................................................................... ....758,966,252 ..........74.6 ....744,571,173 .......74.3 ......................... .........0.0 ...........313,744 .....222.0 ......14,792,846 .....123.5 ..........(690,791) ........(25.4) ......................... .........0.0 .....................(1) ........(0.1) ............(20,719) ..(573.3)<br />
4. Cost containment expenses....................................................... ........6,756,028 ............0.7 ........6,756,028 .........0.7 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .......0.0<br />
5. Incurred claims and cost containment expenses<br />
(Lines 3 and 4)........................................................................... ....765,722,280 ..........75.3 ....751,327,201 .......74.9 ......................0 .........0.0 ...........313,744 .....222.0 ......14,792,846 .....123.5 ..........(690,791) ........(25.4) ......................0 .........0.0 .....................(1) ........(0.1) ............(20,719) ..(573.3)<br />
6 Increase in contract reserves..................................................... ........3,889,960 ............0.4 ..............(1,338) ........(0.0) ......................... .........0.0 ............(10,129) ........(7.2) ........3,128,549 .......26.1 ...........707,143 ..........26.0 ......................... .........0.0 ......................... .........0.0 .............65,735 1,818.9<br />
7 Commissions (a)........................................................................ ....102,016,253 ..........10.0 ....102,971,238 .......10.3 ...............2,709 .........0.0 ............(12,774) ........(9.0) ..........(698,855) ........(5.8) ..........(195,066) ..........(7.2) ......................... .........0.0 ............(50,930) .(5,154.9) ...................(69) ......(1.9)<br />
8 Other general insurance expenses............................................ ....103,857,478 ..........10.2 ....103,682,584 .......10.3 ......................... .........0.0 ......................... .........0.0 ...........168,568 .........1.4 ...............6,326 ............0.2 ......................... .........0.0 ......................... .........0.0 ......................... .......0.0<br />
9 Taxes, licenses and fees........................................................... ......26,929,725 ............2.6 ......26,417,308 .........2.6 ......................... .........0.0 ...............3,372 .........2.4 ...........271,828 .........2.3 ...........237,160 ............8.7 ......................... .........0.0 ....................24 .........2.4 ....................33 .......0.9<br />
10 Total other expenses incurred................................................... ....232,803,456 ..........22.9 ....233,071,130 .......23.3 ...............2,709 .........0.0 ..............(9,402) ........(6.7) ..........(258,459) ........(2.2) .............48,420 ............1.8 ......................0 .........0.0 ............(50,906) .(5,152.4) ...................(36) ......(1.0)<br />
11. Aggregate write-ins for deductions............................................ ......................0 ............0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 ............0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .......0.0<br />
12. Gain from underwriting before dividends or refunds.................. ......14,874,781 ............1.5 ......18,043,041 .........1.8 ..............(2,709) .........0.0 ..........(152,877) ....(108.2) .......(5,682,964) ......(47.4) ........2,659,761 ..........97.6 ......................0 .........0.0 .............51,895 ..5,252.5 ............(41,366) (1,144.6)<br />
13. Dividends or refunds.................................................................. ......................0 ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .......0.0<br />
14. Gain from underwriting after dividends or refunds..................... ......14,874,781 ............1.5 ......18,043,041 .........1.8 ..............(2,709) .........0.0 ..........(152,877) ....(108.2) .......(5,682,964) ......(47.4) ........2,659,761 ..........97.6 ......................0 .........0.0 .............51,895 ..5,252.5 ............(41,366) (1,144.6)<br />
DETAILS OF WRITE-INS<br />
1101. ................................................................................................... ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .......0.0<br />
1102. ................................................................................................... ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .......0.0<br />
1103. ................................................................................................... ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... .........0.0 ......................... ............0.0 ......................... .........0.0 ......................... .........0.0 ......................... .......0.0<br />
1198. Summary of remaining write-ins for Line 11<br />
from overflow page.................................................................... ......................0 ............0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 ............0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .......0.0<br />
1199. Total (Lines 1101 thru 1103 plus 1198) (Line 11 above)........... ......................0 ............0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 ............0.0 ......................0 .........0.0 ......................0 .........0.0 ......................0 .......0.0<br />
(a) Includes $..........0 reported as 'Contract, membership and other fees retained by agents.'
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE H - ACCIDENT AND HEALTH EXHIBIT (continued)<br />
1 2 3 4 Other Individual Contracts<br />
Group Credit Accident and 5 6 7 8 9<br />
Accident and Health (Group and Collectively Guaranteed Non-Renewable for Other Accident<br />
Total Health Individual) Renewable Non-Cancelable Renewable Stated Reasons Only Only All Other<br />
PART 2 - RESERVES AND LIABILITIES<br />
A. Premium Reserves:<br />
1. Unearned premiums............................................................................................................... .....................1,915,059 ........................552,071 ...................................... ............................5,920 ........................997,140 ........................359,517 ...................................... ...............................266 ...............................145<br />
2. Advance premiums................................................................................................................. .....................8,455,094 .....................8,392,179 ...................................... ...............................854 ..........................44,960 ..........................17,085 ...................................... .................................16 ......................................<br />
3. Reserve for rate credits.......................................................................................................... .......................(236,191) .......................(236,191) ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ......................................<br />
4. Total premium reserves, current year..................................................................................... ...................10,133,962 .....................8,708,059 ...................................0 ............................6,774 .....................1,042,100 ........................376,602 ...................................0 ...............................282 ...............................145<br />
5. Total premium reserves, prior year......................................................................................... .....................7,863,724 .....................6,291,997 ...................................... ............................7,629 .....................1,147,599 ........................416,066 ...................................... ...............................288 ...............................145<br />
6. Increase in total premium reserves........................................................................................ .....................2,270,238 .....................2,416,062 ...................................0 ..............................(855) .......................(105,499) .........................(39,464) ...................................0 ..................................(6) ...................................0<br />
B. Contract Reserves:<br />
1. Additional reserves (a)............................................................................................................ ...................48,911,030 ..........................22,351 ...................................... ........................233,798 ...................41,327,561 .....................7,261,585 ...................................... ...................................... ..........................65,735<br />
2. Reserve for future contingent benefits.................................................................................... ...................................0 ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ......................................<br />
3. Total contract reserves, current year...................................................................................... ...................48,911,030 ..........................22,351 ...................................0 ........................233,798 ...................41,327,561 .....................7,261,585 ...................................0 ...................................0 ..........................65,735<br />
4. Total contract reserves, prior year.......................................................................................... ...................45,021,070 ..........................23,689 ...................................... ........................243,927 ...................38,199,012 .....................6,554,442 ...................................... ...................................... ......................................<br />
5. Increase in contract reserves................................................................................................. .....................3,889,960 ...........................(1,338) ...................................0 .........................(10,129) .....................3,128,549 ........................707,143 ...................................0 ...................................0 ..........................65,735<br />
C. Claim Reserves and Liabilities:<br />
1. Total current year................................................................................................................... ..............1,321,740,857 ..............1,226,826,609 ...................................... .....................2,750,220 ...................85,157,748 .....................7,006,281 ...................................... ..................................(1) ......................................<br />
2. Total prior year....................................................................................................................... ..............1,193,141,195 ..............1,088,399,642 ...................................... .....................2,984,526 ...................91,065,766 ...................10,690,941 ...................................... ...................................... ...............................320<br />
3. Increase.................................................................................................................................. .................128,599,662 .................138,426,967 ...................................0 .......................(234,306) ....................(5,908,018) ....................(3,684,660) ...................................0 ..................................(1) ..............................(320)<br />
38<br />
PART 3 - TEST OF PRIOR YEAR'S CLAIM RESERVES AND LIABILITIES<br />
1. Claims Paid During the Year:<br />
1.1 On claims incurred prior to current year............................................................................... .................259,513,390 .................237,719,770 ...................................... ........................509,201 ...................18,596,605 .....................2,654,437 ...................................... ...................................... ..........................33,377<br />
1.2 On claims incurred during current year................................................................................ .................370,853,200 .................368,424,436 ...................................... ..........................38,849 .....................2,104,259 ........................339,432 ...................................... ...................................... .........................(53,776)<br />
2. Claim Reserves and Liabilities, December 31, Current Year:<br />
2.1 On claims incurred prior to current year............................................................................... .................963,005,297 .................877,282,964 ...................................... .....................2,678,775 ...................76,603,472 .....................6,440,087 ...................................... ..................................(1) ......................................<br />
2.2 On claims incurred during current year................................................................................ .................358,735,560 .................349,543,645 ...................................... ..........................71,445 .....................8,554,276 ........................566,194 ...................................... ...................................... ......................................<br />
3. Test:<br />
3.1 Lines 1.1 and 2.1.................................................................................................................. ..............1,222,518,687 ..............1,115,002,734 ...................................0 .....................3,187,976 ...................95,200,077 .....................9,094,524 ...................................0 ..................................(1) ..........................33,377<br />
3.2 Claim reserves and liabilities, December 31, prior year....................................................... ..............1,193,141,195 ..............1,088,399,642 ...................................... .....................2,984,526 ...................91,065,766 ...................10,690,941 ...................................... ...................................... ...............................320<br />
3.3 Line 3.1 minus Line 3.2........................................................................................................ ...................29,377,492 ...................26,603,092 ...................................0 ........................203,450 .....................4,134,311 ....................(1,596,417) ...................................0 ..................................(1) ..........................33,057<br />
PART 4 - REINSURANCE<br />
A. Reinsurance Assumed:<br />
1. Premiums written.................................................................................................................... ...................46,833,552 ...................15,532,490 ....................(2,750,079) .....................5,878,128 ...................46,076,488 ........................882,197 ...................................... ..................(18,785,672) ......................................<br />
2. Premiums earned................................................................................................................... ...................64,613,339 ...................15,531,962 ...................13,747,700 .....................5,872,299 ...................47,019,224 ........................901,421 ...................................... ..................(18,459,267) ......................................<br />
3. Incurred claims....................................................................................................................... .................390,469,911 .................226,627,907 .....................4,264,182 .....................3,724,150 .................156,879,363 .......................(551,201) ...................................... .......................(474,490) ......................................<br />
4. Commissions.......................................................................................................................... ...................11,286,341 ........................106,019 ....................(1,441,175) ........................178,650 .....................7,786,344 ........................198,208 ...................................... .....................4,458,295 ......................................<br />
B. Reinsurance Ceded:<br />
1. Premiums written.................................................................................................................... ...................92,640,860 ...................23,978,115 ....................(2,746,507) ...................29,490,994 ...................52,367,592 .....................8,308,324 ............................9,012 ..................(18,774,926) ............................8,256<br />
2. Premiums earned................................................................................................................... .................111,550,817 ...................25,053,617 ...................13,751,272 ...................29,494,816 ...................53,319,435 .....................8,364,095 ............................9,098 ..................(18,449,889) ............................8,373<br />
3. Incurred claims....................................................................................................................... .................374,097,176 .................224,535,654 .....................4,264,182 ...................41,155,281 .................100,609,780 .....................3,370,397 ............................8,419 .......................(487,179) ........................640,642<br />
4. Commissions.......................................................................................................................... ...................14,696,649 ........................119,863 ....................(1,443,884) .....................1,980,690 .....................8,852,049 ........................645,416 ...............................434 .....................4,509,665 ..........................32,416<br />
(a) Includes $..........0 premium deficiency reserve.
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE H - PART 5 - HEALTH CLAIMS<br />
1 2 3 4<br />
Medical Dental Other Total<br />
A. Direct:<br />
1. Incurred claims...................................................................................... ......................135,390,384 ......................115,752,932 ......................491,450,201 ......................742,593,517<br />
2. Beginning claim reserves and liabilities................................................. ........................14,188,856 ..........................6,909,000 ...................1,563,688,671 ...................1,584,786,527<br />
3. Ending claim reserves and liabilities...................................................... ........................15,036,559 ..........................5,747,000 ...................1,589,825,254 ...................1,610,608,813<br />
4. Claims paid............................................................................................ ......................134,542,681 ......................116,914,932 ......................465,313,618 ......................716,771,231<br />
B. Assumed Reinsurance:<br />
5. Incurred claims...................................................................................... ............................(273,433) ........................................... ......................390,743,344 ......................390,469,911<br />
6. Beginning claim reserves and liabilities................................................. ..........................1,037,427 ........................................... ...................1,521,067,871 ...................1,522,105,298<br />
7. Ending claim reserves and liabilities...................................................... .............................720,672 ........................................... ...................1,447,246,744 ...................1,447,967,416<br />
8. Claims paid............................................................................................ ...............................43,322 ........................................0 ......................464,564,471 ......................464,607,793<br />
C. Ceded Reinsurance:<br />
9. Incurred claims...................................................................................... ...............................32,997 ........................................... ......................374,064,179 ......................374,097,176<br />
10. Beginning claim reserves and liabilities................................................. .............................535,000 ........................................... ...................1,981,448,672 ...................1,981,983,672<br />
11. Ending claim reserves and liabilities...................................................... .............................525,000 ........................................... ...................1,823,887,243 ...................1,824,412,243<br />
12. Claims paid............................................................................................ ...............................42,997 ........................................0 ......................531,625,608 ......................531,668,605<br />
D. Net:<br />
13. Incurred claims...................................................................................... ......................135,083,954 ......................115,752,932 ......................508,129,366 ......................758,966,252<br />
14. Beginning claim reserves and liabilities................................................. ........................14,691,283 ..........................6,909,000 ...................1,103,307,870 ...................1,124,908,153<br />
15. Ending claim reserves and liabilities...................................................... ........................15,232,231 ..........................5,747,000 ...................1,213,184,755 ...................1,234,163,986<br />
16. Claims paid............................................................................................ ......................134,543,006 ......................116,914,932 ......................398,252,481 ......................649,710,419<br />
E. Net Incurred Claims and Cost Containment Expenses:<br />
17. Incurred claims and cost containment expenses................................... ......................135,083,954 ......................115,752,932 ......................514,885,394 ......................765,722,280<br />
18. Beginning reserves and liabilities.......................................................... ........................14,691,283 ..........................6,909,000 ...................1,103,289,044 ...................1,124,889,327<br />
19. Ending reserves and liabilities............................................................... ........................15,232,231 ..........................5,747,000 ...................1,214,930,092 ...................1,235,909,323<br />
20. Paid claims and cost containment expenses......................................... ......................134,543,006 ......................116,914,932 ......................403,244,346 ......................654,702,284<br />
39
40<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
General Account, Affiliates<br />
67652............. 23-2044248....... .......12/01/1999 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......CO/I................ ............1,331,488,276 .................13,306,736 ...................2,453,220 ...................2,039,533 ..................................... .....................................<br />
67652............. 23-2044248....... .......12/01/1999 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......DIS/I............... ..................................... ........................67,174 ........................15,988 ..................................... ..................................... .....................................<br />
67652............. 23-2044248....... .......03/01/1984 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......YRT/I.............. .................51,490,577 ......................373,467 ......................572,974 ......................891,219 ..................................... .....................................<br />
67652............. 23-2044248....... .......07/01/2007 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......CO/I................ ...............655,969,182 ...............400,415,517 ........................72,772 ..................................... ..................................... .....................................<br />
67652............. 23-2044248....... .......03/01/1985 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......CO/1............... ...............121,459,301 ..................................... ...................1,398,816 ..................................... ..................................... .....................................<br />
67652............. 23-2044248....... .......12/31/1990 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......ACO/I............. ..................................... .................18,254,754 ........................53,807 ..................................... ..................................... .....................................<br />
67652............. 23-2044248....... .......01/01/1991 FIRST PENN-PACIFIC LIFE INSURANCE COMPANYINDIANA....................................................................... .......ACO/I............. ..................................... .................29,882,675 ......................420,635 ..................................... ..................................... .....................................<br />
62057............. 22-0832760....... .......06/28/1978 LINCOLN LIFE & ANNUITY CO OF NEW YORK....... NEW YORK.................................................................. .......ADB/I.............. ..................................... ...............................11 ..................................... .................................1 ..................................... .....................................<br />
62057............. 22-0832760....... .......01/01/2001 LINCOLN LIFE & ANNUITY CO OF NEW YORK....... NEW YORK.................................................................. .......CO/I................ ...............161,553,661 ...................1,615,471 ......................299,929 ...................1,289,528 ..................................... .....................................<br />
62057............. 22-0832760....... .......01/01/2001 LINCOLN LIFE & ANNUITY CO OF NEW YORK....... NEW YORK.................................................................. .......DIS/I............... ..................................... ........................39,557 ..........................1,346 ..........................6,794 ..................................... .....................................<br />
62057............. 22-0832760....... .......11/01/1997 LINCOLN LIFE & ANNUITY CO OF NEW YORK....... NEW YORK.................................................................. .......YRT/I.............. ............1,553,359,096 .................29,570,598 .................10,429,759 ...................5,826,802 ..................................... .....................................<br />
65676............. 35-0472300....... .......02/10/1983 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......ADB/I.............. ..................................... .............................723 ..........................1,829 ...............................63 ..................................... .....................................<br />
65676............. 35-0472300....... .......01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......CO/I................ ............8,107,558,598 ...............122,078,485 .................13,924,252 ...................5,525,244 ..................................... .....................................<br />
65676............. 35-0472300....... .......01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......DIS/I............... ..................................... ......................331,605 ........................64,054 ........................49,910 ..................................... .....................................<br />
65676............. 35-0472300....... .......11/01/1994 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/G............ ..................................... ........................12,827 ..................................... ..................................... ..................................... .....................................<br />
65676............. 35-0472300....... .......05/01/2000 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. ............7,505,767,195 .................73,615,420 .................46,730,669 .................15,434,562 ..................................... .....................................<br />
65676............. 35-0472300....... .......05/01/1972 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. ......................246,104 ..........................2,359 ..........................7,196 ..................................... ..................................... .....................................<br />
65676............. 35-0472300....... .......01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. ...............749,426,803 ...................2,568,747 ......................907,944 ..................................... ..................................... .....................................<br />
65676............. 35-0472300....... .......05/01/2000 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. ..................................... ..................................... ..................................... ......................518,575 ..................................... .....................................<br />
0199999. Total - General Account, Affiliates......................................................................................... ....................................................................................................................... ..........20,238,318,793 ...............692,136,126 .................77,355,190 .................31,582,231 .................................0 .................................0<br />
General Account, Non-Affiliates<br />
77879............. 54-1829709....... .......07/01/2000 5 STAR LIFE INSURANCE COMPANY...................... LOUISIANA.................................................................. .......CO/I................ ...............994,424,336 .................11,957,338 ...................3,033,896 ......................568,311 ..................................... .....................................<br />
71854............. 52-0891929....... .......07/01/2001 AAA LIFE INSURANCE COMPANY........................... MICHIGAN................................................................... .......CO/I................ ............1,715,527,993 .................33,105,123 ...................2,373,013 ......................701,761 ..................................... .....................................<br />
71854............. 52-0891929....... .......07/01/2001 AAA LIFE INSURANCE COMPANY........................... MICHIGAN................................................................... .......DIS/I............... ..................................... ........................78,584 ........................33,986 ..................................... ..................................... .....................................<br />
71854............. 52-0891929....... .......12/12/1997 AAA LIFE INSURANCE COMPANY........................... MICHIGAN................................................................... .......YRT/I.............. ...............194,218,016 ...................1,408,688 ......................105,449 ........................47,520 ..................................... .....................................<br />
71854............. 52-0891929....... .......09/01/1992 AAA LIFE INSURANCE COMPANY........................... MICHIGAN................................................................... .......CO/G.............. ...............789,396,000 ......................281,723 ...................3,503,821 ...................1,076,790 ..................................... .....................................<br />
60038............. 53-0022880....... .......08/01/1994 ACACIA LIFE INSURANCE COMPANY..................... DISTRICT OF COLUMBIA.......................................... .......ADB/I.............. .................43,024,384 ......................118,462 ........................65,279 ........................13,343 ..................................... .....................................<br />
60038............. 53-0022880....... .......09/21/1998 ACACIA LIFE INSURANCE COMPANY..................... DISTRICT OF COLUMBIA.......................................... .......DIS/I............... ..................................... ......................231,242 ..........................8,121 ..........................9,416 ..................................... .....................................<br />
60038............. 53-0022880....... .......08/01/1994 ACACIA LIFE INSURANCE COMPANY..................... DISTRICT OF COLUMBIA.......................................... .......OTH/I.............. ..................................... ..................................... ...............................11 .................................2 ..................................... .....................................<br />
60038............. 53-0022880....... .......08/01/1999 ACACIA LIFE INSURANCE COMPANY..................... DISTRICT OF COLUMBIA.......................................... .......YRT/I.............. ...............274,518,262 ...................1,991,117 ...................3,822,914 ......................305,539 ..................................... .....................................<br />
00000............. AA-3190831....... .......10/01/1999 ACADIA LIFE INTERNATIONAL LTD......................... BERMUDA................................................................... .......YRT/I.............. .................13,843,199 ......................100,407 ........................27,799 ..........................3,387 ..................................... .....................................<br />
....................... ........................... .......12/01/2000 ACADIA LIFE LIMITED................................................ BERMUDA................................................................... .......YRT/I.............. .................54,230,467 ......................393,340 ......................121,685 ........................13,269 ..................................... .....................................<br />
60232............. 52-0795747....... .......08/01/2001 AGL LIFE ASSURANCE COMPANY.......................... PENNSYLVANIA.......................................................... .......YRT/I.............. ...............281,598,608 ...................2,042,471 ......................530,251 ........................68,901 ..................................... .....................................<br />
60232............. 52-0795747....... .......10/31/1999 AGL LIFE ASSURANCE COMPANY.......................... PENNSYLVANIA.......................................................... .......CO/I................ ...............152,582,865 ...................6,591,396 ......................780,501 ......................850,000 ..................................... .....................................<br />
60232............. 52-0795747....... .......10/31/1999 AGL LIFE ASSURANCE COMPANY.......................... PENNSYLVANIA.......................................................... .......YRT/I.............. ..................................... ......................264,839 ..................................... ......................295,754 ..................................... ......................804,839<br />
70432............. 75-0770838....... .......07/01/1976 AIG ANNUITY INSURANCE COMPANY.................... TEXAS.......................................................................... .......CO/I................ .................10,264,744 ......................112,986 ......................188,195 ..........................2,512 ..................................... .....................................<br />
70432............. 75-0770838....... .......07/01/1976 AIG ANNUITY INSURANCE COMPANY.................... TEXAS.......................................................................... .......DIS/I............... ..................................... ........................49,940 ..........................3,633 ........................17,065 ..................................... .....................................<br />
70432............. 75-0770838....... .......10/01/1966 AIG ANNUITY INSURANCE COMPANY.................... TEXAS.......................................................................... .......YRT/I.............. ........................45,792 ..........................4,351 ..........................4,134 ...............................11 ..................................... .....................................<br />
66842............. 25-1118523....... .......01/01/2000 AIG LIFE INSURANCE COMPANY............................ DELAWARE................................................................. .......CO/I................ ...............762,601,833 ...................7,621,352 ...................1,128,837 ......................276,590 ..................................... .....................................<br />
66842............. 25-1118523....... .......04/01/1980 AIG LIFE INSURANCE COMPANY............................ DELAWARE................................................................. .......DIS/I............... ..................................... .............................590 .............................450 ..................................... ..................................... .....................................<br />
66842............. 25-1118523....... .......07/01/1981 AIG LIFE INSURANCE COMPANY............................ DELAWARE................................................................. .......YRT/I.............. ...............531,569,426 ......................328,242 ...................2,143,992 ......................192,562 ..................................... .....................................<br />
60941............. 86-0198983....... .......01/01/1999 AIG SUNAMERICA LIFE ASSURANCE COMPANY. ARIZONA..................................................................... .......DIS/I............... ..................................... ........................10,912 ..................................... ..................................... ..................................... .....................................<br />
60941............. 86-0198983....... .......01/01/1999 AIG SUNAMERICA LIFE ASSURANCE COMPANY. ARIZONA..................................................................... .......YRT/I.............. ...............346,263,434 ...................2,511,494 ...................5,720,664 ...................1,209,223 ..................................... .....................................<br />
79049............. 63-0338648....... .......01/01/2001 ALFA LIFE INSURANCE CORPORATION................. ALABAMA.................................................................... .......CO/I................ ...............424,919,831 ...................4,466,822 ...................1,076,181 ......................109,360 ..................................... .....................................<br />
79049............. 63-0338648....... .......10/01/2000 ALFA LIFE INSURANCE CORPORATION................. ALABAMA.................................................................... .......OTH/I.............. ...............183,598,748 ......................253,255 ......................257,648 ........................52,653 ..................................... .....................................<br />
79049............. 63-0338648....... .......01/01/2001 ALFA LIFE INSURANCE CORPORATION................. ALABAMA.................................................................... .......YRT/I.............. ...............140,471,542 ......................859,029 ......................791,947 ........................32,090 ..................................... .....................................<br />
90611............. 41-1366075....... .......03/01/1985 ALLIANZ LIFE INS CO OF NORTH AMERICA.......... MINNESOTA................................................................ .......ADB/I.............. ..................................... ...............................14 ...............................79 .................................1 ..................................... .....................................<br />
90611............. 41-1366075....... .......01/01/1981 ALLIANZ LIFE INS CO OF NORTH AMERICA.......... MINNESOTA................................................................ .......CO/I................ ......................572,850 ..........................5,725 ..........................8,876 .............................140 ..................................... .....................................<br />
90611............. 41-1366075....... .......03/01/1985 ALLIANZ LIFE INS CO OF NORTH AMERICA.......... MINNESOTA................................................................ .......DIS/I............... ..................................... ..........................7,961 .............................367 ..........................4,833 ..................................... .....................................<br />
90611............. 41-1366075....... .......05/01/1991 ALLIANZ LIFE INS CO OF NORTH AMERICA.......... MINNESOTA................................................................ .......YRT/I.............. .................25,097,925 ......................182,040 ......................367,110 ......................323,298 ..................................... .....................................
40.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
60186............. 36-2554642....... .......01/01/2000 ALLSTATE LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......CO/I................ ............2,339,444,497 .................10,073,829 ...................3,617,707 ...................1,268,002 ..................................... .....................................<br />
60186............. 36-2554642....... .......10/01/1991 ALLSTATE LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......YRT/I.............. ...............237,358,054 ...................1,697,319 ...................3,317,315 ...................3,045,589 ..................................... .....................................<br />
60275............. 59-0676017....... .......08/01/1968 AMERICAN BANKERS LIFE ASSUR CO OF FL....... FLORIDA...................................................................... .......ADB/I.............. ..................................... ...............................30 ..............................(91) .................................2 ..................................... .....................................<br />
60275............. 59-0676017....... .......08/01/1968 AMERICAN BANKERS LIFE ASSUR CO OF FL....... FLORIDA...................................................................... .......DIS/I............... ..................................... .............................295 .............................351 ..................................... ..................................... .....................................<br />
60275............. 59-0676017....... .......08/01/1968 AMERICAN BANKERS LIFE ASSUR CO OF FL....... FLORIDA...................................................................... .......YRT/I.............. ...................3,814,881 ........................14,809 ........................30,848 .............................934 ..................................... .....................................<br />
60275............. 59-0676017....... .......12/31/1964 AMERICAN BANKERS LIFE ASSUR CO OF FL....... FLORIDA...................................................................... .......OTH/G............ ........................18,273 ........................17,199 ..................................... ..................................... ..................................... .....................................<br />
60291............. 74-1219404....... .......06/01/1978 AMERICAN CAPITOL INSURANCE COMPANY....... TEXAS.......................................................................... .......ADB/I.............. ..................................... ..................................... ..........................4,369 ..................................... ..................................... .....................................<br />
60291............. 74-1219404....... .......01/01/1982 AMERICAN CAPITOL INSURANCE COMPANY....... TEXAS.......................................................................... .......CO/I................ ...................4,729,231 ........................47,263 ........................12,816 ........................15,657 ..................................... .....................................<br />
60291............. 74-1219404....... .......11/01/1983 AMERICAN CAPITOL INSURANCE COMPANY....... TEXAS.......................................................................... .......DIS/I............... ..................................... ......................179,498 .............................309 ..........................7,792 ..................................... .....................................<br />
60291............. 74-1219404....... .......11/01/1983 AMERICAN CAPITOL INSURANCE COMPANY....... TEXAS.......................................................................... .......YRT/I.............. ......................773,380 ........................14,041 ........................16,773 .............................189 ..................................... .....................................<br />
92738............. 42-1153896....... .......01/01/1996 AMERICAN EQUITY INVESTMENT LIFE INS CO.... IOWA............................................................................ .......YRT/I.............. ........................42,453 .................................7 .............................198 ...............................10 ..................................... .....................................<br />
60380............. 58-0663085....... .......03/01/1982 AMERICAN FAMILY LIFE ASSUR CO OF COLUMBUNEBRASKA.................................................................. .......CO/I................ ..................................... ..................................... .........................(1,375) ..................................... ..................................... .....................................<br />
60380............. 58-0663085....... .......03/01/1982 AMERICAN FAMILY LIFE ASSUR CO OF COLUMBUNEBRASKA.................................................................. .......YRT/I.............. ...................9,454,900 ........................49,817 ........................78,202 ..........................2,313 ..................................... .....................................<br />
60399............. 39-6040365....... .......06/01/1996 AMERICAN FAMILY LIFE INSURANCE COMPANY. WISCONSIN................................................................. .......CO/I................ .................58,384,673 ......................592,041 ......................130,274 ........................14,495 ..................................... .....................................<br />
60399............. 39-6040365....... .......06/01/1996 AMERICAN FAMILY LIFE INSURANCE COMPANY. WISCONSIN................................................................. .......YRT/I.............. .................62,719,485 ......................448,706 ......................114,289 ........................15,137 ..................................... .....................................<br />
99619............. 75-2921178....... .......09/01/2001 AMERICAN FARM LIFE INSURANCE COMPANY.... TEXAS.......................................................................... .......ADB/I.............. .................13,585,777 ........................17,292 ........................20,907 ..........................4,273 ..................................... .....................................<br />
60410............. 73-0714500....... .......05/01/1980 AMERICAN FIDELITY ASSURANCE COMPANY...... OKLAHOMA................................................................. .......CO/I................ .................24,811,924 ........................59,395 ......................264,316 ..........................1,454 ..................................... .....................................<br />
60410............. 73-0714500....... .......11/10/1980 AMERICAN FIDELITY ASSURANCE COMPANY...... OKLAHOMA................................................................. .......YRT/I.............. ...................8,943,550 ......................467,352 ......................306,414 ..........................6,805 ..................................... .....................................<br />
56200............. 41-0548645....... .......10/01/1971 AMERICAN FRATERNAL-UNION.............................. MINNESOTA................................................................ .......ADB/I.............. ..................................... ..........................9,975 ........................10,624 ..........................7,420 ..................................... .....................................<br />
56200............. 41-0548645....... .......10/01/1971 AMERICAN FRATERNAL-UNION.............................. MINNESOTA................................................................ .......DIS/I............... ..................................... ........................16,224 .............................398 ..........................1,464 ..................................... .....................................<br />
56200............. 41-0548645....... .......10/01/1971 AMERICAN FRATERNAL-UNION.............................. MINNESOTA................................................................ .......YRT/I.............. ...................3,964,098 ........................10,325 ........................26,737 .............................938 ..................................... .....................................<br />
66672............. 62-0306330....... .......01/01/1999 AMERICAN GENERAL LIFE AND ACC INS CO........ TENNESSEE............................................................... .......ADB/I.............. ..................................... .............................335 ..........................2,041 ...............................29 ..................................... .....................................<br />
66672............. 62-0306330....... .......02/18/1938 AMERICAN GENERAL LIFE AND ACC INS CO........ TENNESSEE............................................................... .......CO/I................ ...................3,588,186 ..................................... ........................23,365 ..................................... ..................................... .....................................<br />
66672............. 62-0306330....... .......01/01/1999 AMERICAN GENERAL LIFE AND ACC INS CO........ TENNESSEE............................................................... .......DIS/I............... ..................................... ..........................7,679 .............................386 ..................................... ..................................... .....................................<br />
66672............. 62-0306330....... .......04/06/1999 AMERICAN GENERAL LIFE AND ACC INS CO........ TENNESSEE............................................................... .......YRT/I.............. ............1,237,862,225 ...................2,091,943 ...................3,748,112 ...................2,080,128 ..................................... .....................................<br />
60488............. 25-0598210....... .......10/15/1997 AMERICAN GENERAL LIFE INSURANCE COMPANYTEXAS.......................................................................... .......ADB/I.............. ..................................... ..........................6,616 ......................115,534 .............................655 ..................................... .....................................<br />
60488............. 25-0598210....... .......08/01/2001 AMERICAN GENERAL LIFE INSURANCE COMPANYTEXAS.......................................................................... .......CO/I................ ............9,051,842,580 .................88,467,062 .................18,497,686 ...................5,893,700 ..................................... .....................................<br />
60488............. 25-0598210....... .......01/01/2000 AMERICAN GENERAL LIFE INSURANCE COMPANYTEXAS.......................................................................... .......DIS/I............... ..................................... ...................1,077,862 ......................177,004 ..........................3,002 ..................................... .....................................<br />
60488............. 25-0598210....... .......02/12/2001 AMERICAN GENERAL LIFE INSURANCE COMPANYTEXAS.......................................................................... .......YRT/I.............. ............3,234,522,741 .................20,404,063 .................22,791,364 ...................4,292,696 ..................................... .....................................<br />
60488............. 25-0598210....... .......07/01/1969 AMERICAN GENERAL LIFE INSURANCE COMPANYTEXAS.......................................................................... .......YRT/I.............. ......................814,909 ......................565,299 ........................20,082 ..................................... ..................................... .....................................<br />
60534............. 59-0781901....... .......01/01/1985 AMERICAN HERITAGE LIFE INSURANCE COMPANYFLORIDA...................................................................... .......DIS/I............... ..................................... ........................11,900 .............................419 ..........................1,414 ..................................... .....................................<br />
60534............. 59-0781901....... .......01/01/1985 AMERICAN HERITAGE LIFE INSURANCE COMPANYFLORIDA...................................................................... .......YRT/I.............. .................85,090,739 ......................617,174 ...................1,434,165 ......................499,663 ..................................... .....................................<br />
60577............. 74-1365936....... .......02/01/1974 AMERICAN INCOME LIFE INSURANCE COMPANY INDIANA....................................................................... .......ADB/I.............. ..................................... .............................243 ...............................42 ...............................17 ..................................... .....................................<br />
60577............. 74-1365936....... .......02/01/1974 AMERICAN INCOME LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. .................27,990,000 ........................51,880 ........................75,181 ..........................6,799 ..................................... .....................................<br />
60607............. 13-6101875....... .......10/05/1977 AMERICAN INTL LIFE ASSUR CO OF NEW YORK. NEW YORK.................................................................. .......CO/I................ ......................680,137 ..........................6,797 ........................19,709 .............................166 ..................................... .....................................<br />
60607............. 13-6101875....... .......10/05/1977 AMERICAN INTL LIFE ASSUR CO OF NEW YORK. NEW YORK.................................................................. .......DIS/I............... ..................................... ...............................41 ............................(263) ..................................... ..................................... .....................................<br />
81418............. 13-2562243....... .......02/01/1991 AMERICAN MEDICAL AND LIFE INS COMPANY..... NEW YORK.................................................................. .......YRT/G............ ..................................... ..........................2,180 ..................................... ..................................... ..................................... .....................................<br />
60739............. 74-0484030....... .......12/01/1945 AMERICAN NATIONAL INSURANCE COMPANY..... TEXAS.......................................................................... .......ADB/I.............. ..................................... ..................................... ...............................85 ..................................... ..................................... .....................................<br />
60739............. 74-0484030....... .......04/01/1999 AMERICAN NATIONAL INSURANCE COMPANY..... TEXAS.......................................................................... .......DIS/I............... ..................................... ..........................5,429 ..........................7,315 .............................304 ..................................... .....................................<br />
60739............. 74-0484030....... .......04/01/1999 AMERICAN NATIONAL INSURANCE COMPANY..... TEXAS.......................................................................... .......YRT/I.............. ...............127,701,300 ......................930,531 ........................87,381 ........................31,571 ..................................... .....................................<br />
60801............. 64-0349942....... .......10/01/2000 AMERICAN PUBLIC LIFE INSURANCE COMPANY. OKLAHOMA................................................................. .......YRT/I.............. ...............222,315,305 ...................1,612,482 ......................302,893 ........................54,395 ..................................... .....................................<br />
60836............. 42-0113630....... .......11/01/1982 AMERICAN REPUBLIC INSURANCE COMPANY..... IOWA............................................................................ .......DIS/I............... ..................................... .............................101 .............................712 ..................................... ..................................... .....................................<br />
60836............. 42-0113630....... .......11/01/1982 AMERICAN REPUBLIC INSURANCE COMPANY..... IOWA............................................................................ .......YRT/I.............. ...................3,081,985 ........................22,355 ........................17,371 .............................754 ..................................... .....................................<br />
60895............. 35-0145825....... .......03/03/2000 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA....................................................................... .......CO/I................ ...............238,800,707 ...................2,527,225 ......................436,397 ......................151,873 ..................................... .....................................<br />
60895............. 35-0145825....... .......03/03/2000 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA....................................................................... .......DIS/I............... ..................................... ........................88,403 ........................24,883 ........................12,480 ..................................... .....................................<br />
60895............. 35-0145825....... .......03/03/2000 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. ...............200,124,337 ...................1,349,429 ......................361,415 ........................45,522 ..................................... .....................................<br />
60895............. 35-0145825....... .......04/15/1977 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA....................................................................... .......YRT/I.............. ........................25,815 .............................805 ..........................1,897 ..................................... ..................................... .....................................<br />
61999............. 35-0810610....... .......01/01/2001 AMERICO FINANCIAL LIFE AND ANN INS CO........ TEXAS.......................................................................... .......CO/I................ ...............197,041,105 ......................275,939 ......................585,939 ........................66,753 ..................................... .....................................<br />
61999............. 35-0810610....... .......01/01/2001 AMERICO FINANCIAL LIFE AND ANN INS CO........ TEXAS.......................................................................... .......DIS/I............... ..................................... ........................10,450 ..........................3,972 ..........................1,429 ..................................... .....................................<br />
61999............. 35-0810610....... .......07/20/2000 AMERICO FINANCIAL LIFE AND ANN INS CO........ TEXAS.......................................................................... .......YRT/I.............. .................21,792,175 ...................1,311,288 ........................68,335 ........................44,234 ..................................... .....................................
40.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
61301............. 47-0098400....... .......01/01/1981 AMERITAS LIFE INSURANCE CORP........................ NEBRASKA.................................................................. .......CO/I................ ..................................... ..........................1,042 .............................634 ...............................26 ..................................... .....................................<br />
61301............. 47-0098400....... .......06/01/2000 AMERITAS LIFE INSURANCE CORP........................ NEBRASKA.................................................................. .......DIS/I............... ..................................... ........................92,672 ........................26,618 ..........................3,467 ..................................... .....................................<br />
61301............. 47-0098400....... .......06/01/2000 AMERITAS LIFE INSURANCE CORP........................ NEBRASKA.................................................................. .......YRT/I.............. ...............687,828,145 ...................5,590,059 ...................3,559,642 ......................628,196 ..................................... .....................................<br />
72222............. 05-0340166....... .......03/13/1989 AMICA LIFE INSURANCE COMPANY....................... RHODE ISLAND.......................................................... .......YRT/I.............. .................15,793,956 ......................111,119 ........................76,461 ..........................3,865 ..................................... .....................................<br />
62421............. 41-0880965....... .......01/01/1986 ANNUITY & LIFE REASSURANCE AMERICA, INC.. CONNECTICUT........................................................... .......YRT/I.............. ...................7,649,605 ........................55,484 ......................116,706 ..........................1,872 ..................................... .....................................<br />
61069............. 35-0980405....... .......01/01/1981 ANTHEM LIFE INSURANCE COMPANY................... INDIANA....................................................................... .......CO/I................ ......................461,552 ..........................9,846 ........................26,124 .............................113 ..................................... .....................................<br />
61069............. 35-0980405....... .......07/01/1988 ANTHEM LIFE INSURANCE COMPANY................... INDIANA....................................................................... .......YRT/G............ ..................................... ........................13,233 ..................................... ..................................... ..................................... .....................................<br />
71439............. 38-1843471....... .......12/21/1988 ASSURITY LIFE INSURANCE COMPANY................ NEBRASKA.................................................................. .......ADB/I.............. ..................................... ..........................1,183 .............................696 .............................113 ..................................... .....................................<br />
71439............. 38-1843471....... .......10/01/1973 ASSURITY LIFE INSURANCE COMPANY................ NEBRASKA.................................................................. .......CO/I................ ..................................... ..................................... .........................(5,311) ..................................... ..................................... .....................................<br />
71439............. 38-1843471....... .......05/01/2001 ASSURITY LIFE INSURANCE COMPANY................ NEBRASKA.................................................................. .......DIS/I............... ..................................... ........................10,915 ..........................3,760 ..................................... ..................................... .....................................<br />
71439............. 38-1843471....... .......05/01/2001 ASSURITY LIFE INSURANCE COMPANY................ NEBRASKA.................................................................. .......YRT/I.............. .................45,609,169 ......................237,354 ......................248,573 ........................11,160 ..................................... .....................................<br />
61182............. 95-4441930....... .......09/01/1996 AURORA NATIONAL LIFE ASSURANCE COMPANY CALIFORNIA................................................................ .......CO/I................ ...................2,720,043 ........................27,183 .............................698 .............................773 ..................................... .....................................<br />
61182............. 95-4441930....... .......12/07/2001 AURORA NATIONAL LIFE ASSURANCE COMPANY CALIFORNIA................................................................ .......DIS/I............... ..................................... ......................518,222 ..........................1,284 ..................................... ..................................... .....................................<br />
61182............. 95-4441930....... .......01/01/1989 AURORA NATIONAL LIFE ASSURANCE COMPANY CALIFORNIA................................................................ .......YRT/I.............. .................95,501,878 ......................692,686 ...................2,446,778 ...................1,193,204 ..................................... .....................................<br />
84522............. 38-2043661....... .......04/28/1999 AUTO CLUB LIFE INSURANCE COMPANY.............. MICHIGAN................................................................... .......CO/I................ ...................2,289,752 ..................................... ..................................... ..................................... ..................................... .....................................<br />
84522............. 38-2043661....... .......04/28/1999 AUTO CLUB LIFE INSURANCE COMPANY.............. MICHIGAN................................................................... .......DIS/I............... ..................................... ..........................1,052 .............................887 ..................................... ..................................... .....................................<br />
84522............. 38-2043661....... .......04/28/1999 AUTO CLUB LIFE INSURANCE COMPANY.............. MICHIGAN................................................................... .......YRT/I.............. .................29,949,425 ......................233,835 ........................23,158 ..........................7,888 ..................................... .....................................<br />
61190............. 38-1814333....... .......02/01/1982 AUTO-OWNERS LIFE INSURANCE COMPANY....... MICHIGAN................................................................... .......DIS/I............... ..................................... ..........................1,524 ..........................7,574 ..................................... ..................................... .....................................<br />
61190............. 38-1814333....... .......02/01/1982 AUTO-OWNERS LIFE INSURANCE COMPANY....... MICHIGAN................................................................... .......YRT/I.............. .................46,388,300 ......................334,814 ......................154,042 ........................11,351 ..................................... .....................................<br />
63932............. 13-1970218....... .......01/01/2001 AVIVA LIFE AND ANNUITY CO OF NEW YORK...... NEW YORK.................................................................. .......CO/I................ ............1,188,077,018 .................13,735,014 ...................1,854,439 ......................763,697 ..................................... .....................................<br />
63932............. 13-1970218....... .......01/01/2001 AVIVA LIFE AND ANNUITY CO OF NEW YORK...... NEW YORK.................................................................. .......DIS/I............... ..................................... ......................130,320 ........................39,149 ..........................2,936 ..................................... .....................................<br />
63932............. 13-1970218....... .......12/01/2001 AVIVA LIFE AND ANNUITY CO OF NEW YORK...... NEW YORK.................................................................. .......YRT/I.............. ...............101,594,860 ......................729,117 ......................623,591 ......................265,723 ..................................... .....................................<br />
61689............. 42-0175020....... .......01/01/1946 AVIVA LIFE AND ANNUITY COMPANY..................... IOWA............................................................................ .......ADB/I.............. ..................................... .............................509 .............................230 ...............................44 ..................................... .....................................<br />
61689............. 42-0175020....... .......06/01/2001 AVIVA LIFE AND ANNUITY COMPANY..................... IOWA............................................................................ .......CO/I................ ............6,582,603,714 .................75,522,147 .................10,916,936 ...................2,452,180 ..................................... .....................................<br />
61689............. 42-0175020....... .......06/01/2001 AVIVA LIFE AND ANNUITY COMPANY..................... IOWA............................................................................ .......DIS/I............... ..................................... ......................667,109 ......................273,813 ..........................8,524 ..................................... .....................................<br />
61689............. 42-0175020....... .......06/01/2001 AVIVA LIFE AND ANNUITY COMPANY..................... IOWA............................................................................ .......YRT/I.............. ...............562,775,732 ...................4,029,802 ...................4,509,432 ...................1,218,613 ..................................... .....................................<br />
62880............. 13-3198083....... .......11/01/1996 AXA EQUITABLE LIFE AND ANNUITY COMPANY.. COLORADO................................................................. .......CO/I................ ............1,591,984,504 .................11,554,049 ...................2,823,982 ......................956,520 ..................................... .....................................<br />
62880............. 13-3198083....... .......01/01/1994 AXA EQUITABLE LIFE AND ANNUITY COMPANY.. COLORADO................................................................. .......YRT/I.............. ...................8,197,695 ........................59,460 ........................20,077 ..........................2,006 ..................................... .....................................<br />
62944............. 13-5570651....... .......06/01/1989 AXA EQUITABLE LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......ADB/I.............. ..................................... ...............................32 ..................................... .................................2 ..................................... .....................................<br />
62944............. 13-5570651....... .......04/30/2001 AXA EQUITABLE LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......CO/I................ ............2,652,880,894 .................41,098,284 ...................4,048,719 ...................2,791,369 ..................................... .....................................<br />
62944............. 13-5570651....... .......01/01/1981 AXA EQUITABLE LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......DIS/I............... ..................................... .............................640 ..................................... ..................................... ..................................... .....................................<br />
62944............. 13-5570651....... .......04/30/2001 AXA EQUITABLE LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......YRT/I.............. ..........12,743,273,781 .................33,753,658 .................20,668,244 ...................7,317,477 ..................................... .....................................<br />
61212............. 52-0236900....... .......07/31/2000 BALTIMORE LIFE INSURANCE COMPANY............. MARYLAND................................................................. .......ADB/I.............. .................20,302,786 ........................30,424 ........................24,758 ..........................5,060 ..................................... .....................................<br />
61263............. 36-0770740....... .......01/01/1988 BANKERS LIFE AND CASUALTY COMPANY.......... ILLINOIS....................................................................... .......CO/I................ .................26,496,907 ......................208,703 ........................69,337 ..........................6,483 ..................................... .....................................<br />
61263............. 36-0770740....... .......01/01/1988 BANKERS LIFE AND CASUALTY COMPANY.......... ILLINOIS....................................................................... .......DIS/I............... ..................................... ..........................6,745 ..........................7,234 ..................................... ..................................... .....................................<br />
61263............. 36-0770740....... .......02/28/1985 BANKERS LIFE AND CASUALTY COMPANY.......... ILLINOIS....................................................................... .......YRT/I.............. ...............105,749,415 ...................1,014,669 ......................856,458 ........................75,874 ..................................... .....................................<br />
94250............. 52-1236145....... .......11/15/1995 BANNER LIFE INSURANCE COMPANY................... MARYLAND................................................................. .......ADB/I.............. ..................................... .............................254 .............................546 ...............................21 ..................................... .....................................<br />
94250............. 52-1236145....... .......11/15/1995 BANNER LIFE INSURANCE COMPANY................... MARYLAND................................................................. .......CO/I................ ............2,643,666,726 .................31,647,922 ...................5,156,069 ...................1,448,481 ..................................... .....................................<br />
94250............. 52-1236145....... .......11/15/1995 BANNER LIFE INSURANCE COMPANY................... MARYLAND................................................................. .......DIS/I............... ..................................... ..........................9,261 ........................32,587 ......................262,209 ..................................... .....................................<br />
94250............. 52-1236145....... .......11/15/1995 BANNER LIFE INSURANCE COMPANY................... MARYLAND................................................................. .......YRT/I.............. ...............191,847,125 ...................1,346,702 ...................1,276,356 ......................637,093 ..................................... .....................................<br />
80985............. 36-2149353....... .......01/01/1996 BCS LIFE INSURANCE COMPANY........................... ILLINOIS....................................................................... .......YRT/G............ ......................655,000 ......................358,473 ..................................... ..................................... ..................................... .....................................<br />
61395............. 87-0115120....... .......09/01/2000 BENEFICIAL LIFE INSURANCE COMPANY............. UTAH............................................................................ .......ADB/I.............. ...............114,630,360 ......................160,911 ......................114,845 ........................23,473 ..................................... .....................................<br />
61395............. 87-0115120....... .......11/01/2000 BENEFICIAL LIFE INSURANCE COMPANY............. UTAH............................................................................ .......CO/I................ ...............303,233,041 ...................3,030,475 ......................385,615 ........................74,194 ..................................... .....................................<br />
61395............. 87-0115120....... .......07/01/1989 BENEFICIAL LIFE INSURANCE COMPANY............. UTAH............................................................................ .......YRT/I.............. .................32,633,152 ......................236,692 ......................160,427 ........................77,518 ..................................... .....................................<br />
61557............. 94-6077403....... .......10/01/1984 BLUE SHIELD OF CA LIFE & HEALTH INS CO........ CALIFORNIA................................................................ .......YRT/G............ ......................255,404 ........................86,866 ..................................... ..................................... ..................................... .....................................<br />
93432............. 06-1041383....... .......09/01/2001 C.M. LIFE INSURANCE COMPANY........................... CONNECTICUT........................................................... .......YRT/I.............. ...............615,793,771 ...................2,910,890 ...................2,215,876 ......................233,706 ..................................... .....................................<br />
....................... ........................... .......01/01/1998 CANADA LIFE ASSURANCE COMPANY.................. CANADA...................................................................... .......DIS/I............... ..................................... .............................422 ...............................29 ..................................... ..................................... .....................................<br />
....................... ........................... .......01/01/1998 CANADA LIFE ASSURANCE COMPANY.................. CANADA...................................................................... .......YRT/I.............. .................12,949,048 ........................93,922 ........................50,830 ........................40,063 ..................................... .....................................<br />
....................... ........................... .......02/29/2004 CANADA LIFE ASSURANCE COMPANY.................. CANADA...................................................................... .......CO/G.............. ...............286,222,197 .................10,798,621 ...................1,613,087 ...................1,160,347 ..................................... .....................................<br />
81060............. 38-2816473....... .......09/01/2000 CANADA LIFE INSURANCE COMPANY OF AMERICAMICHIGAN................................................................... .......DIS/I............... ..................................... ..........................1,243 ..........................1,352 ..................................... ..................................... .....................................<br />
81060............. 38-2816473....... .......09/01/2000 CANADA LIFE INSURANCE COMPANY OF AMERICAMICHIGAN................................................................... .......YRT/I.............. .................38,086,255 ......................276,244 ......................276,060 ..........................9,319 ..................................... .....................................
40.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
57053............. 41-0182070....... .......01/01/1985 CATHOLIC AID ASSOCIATION.................................. MINNESOTA................................................................ .......ADB/I.............. ..................................... ..........................4,426 ..........................1,881 .............................358 ..................................... .....................................<br />
57053............. 41-0182070....... .......05/01/1980 CATHOLIC AID ASSOCIATION.................................. MINNESOTA................................................................ .......CO/I................ ........................50,000 .............................180 ..........................1,162 ...............................12 ..................................... .....................................<br />
57053............. 41-0182070....... .......01/01/1985 CATHOLIC AID ASSOCIATION.................................. MINNESOTA................................................................ .......DIS/I............... ..................................... ..........................2,615 .............................446 ..................................... ..................................... .....................................<br />
57053............. 41-0182070....... .......01/01/1985 CATHOLIC AID ASSOCIATION.................................. MINNESOTA................................................................ .......YRT/I.............. .................13,158,011 ......................103,181 ......................143,924 ..........................3,219 ..................................... .....................................<br />
56022............. 39-0201010....... .......09/15/1998 CATHOLIC FAMILY LIFE INSURANCE COMPANY.. WISCONSIN................................................................. .......ADB/I.............. .................22,903,418 ........................44,465 ........................18,726 ..........................3,827 ..................................... .....................................<br />
56030............. 39-0201015....... .......09/01/1999 CATHOLIC KNIGHTS.................................................. WISCONSIN................................................................. .......ADB/I.............. .................40,954,497 ........................67,764 ........................78,397 ........................16,021 ..................................... .....................................<br />
56030............. 39-0201015....... .......01/01/2000 CATHOLIC KNIGHTS.................................................. WISCONSIN................................................................. .......CO/I................ ...............323,769,365 ...................2,608,251 ......................498,076 ........................79,218 ..................................... .....................................<br />
56030............. 39-0201015....... .......01/01/2000 CATHOLIC KNIGHTS.................................................. WISCONSIN................................................................. .......DIS/I............... ..................................... ......................160,663 ........................56,686 ..........................2,197 ..................................... .....................................<br />
56030............. 39-0201015....... .......07/29/1964 CATHOLIC KNIGHTS.................................................. WISCONSIN................................................................. .......YRT/I.............. .................62,259,416 ......................276,277 ......................240,202 ........................15,233 ..................................... .....................................<br />
57347............. 74-0548665....... .......02/01/1998 CATHOLIC LIFE INSURANCE.................................... TEXAS.......................................................................... .......ADB/I.............. .................21,718,362 ........................42,310 ........................29,024 ..........................4,711 ..................................... .....................................<br />
57347............. 74-0548665....... .......01/01/1989 CATHOLIC LIFE INSURANCE.................................... TEXAS.......................................................................... .......CO/I................ .................12,745,795 ......................127,379 ........................77,699 ..........................3,119 ..................................... .....................................<br />
57347............. 74-0548665....... .......01/01/1989 CATHOLIC LIFE INSURANCE.................................... TEXAS.......................................................................... .......DIS/I............... ..................................... ..........................2,000 ..........................8,176 ..................................... ..................................... .....................................<br />
57347............. 74-0548665....... .......07/01/1984 CATHOLIC LIFE INSURANCE.................................... TEXAS.......................................................................... .......YRT/I.............. .................37,689,938 ......................273,371 ......................163,562 ..........................9,222 ..................................... .....................................<br />
57487............. 36-0879870....... .......07/01/1981 CATHOLIC ORDER OF FORESTERS....................... ILLINOIS....................................................................... .......ADB/I.............. ..................................... ..........................1,262 .............................601 .............................114 ..................................... .....................................<br />
57487............. 36-0879870....... .......07/01/1981 CATHOLIC ORDER OF FORESTERS....................... ILLINOIS....................................................................... .......CO/I................ .................19,166,500 ........................52,783 ......................110,745 ..........................4,689 ..................................... .....................................<br />
57487............. 36-0879870....... .......07/01/1981 CATHOLIC ORDER OF FORESTERS....................... ILLINOIS....................................................................... .......DIS/I............... ..................................... ........................11,726 ..........................4,543 ...............................99 ..................................... .....................................<br />
57487............. 36-0879870....... .......01/01/1964 CATHOLIC ORDER OF FORESTERS....................... ILLINOIS....................................................................... .......YRT/I.............. .................33,391,651 ......................204,137 ......................267,342 ........................10,003 ..................................... .....................................<br />
63541............. 35-0982487....... .......07/01/1987 CENTRAL BENEFITS NATIONAL LIFE INS CO........ OHIO............................................................................ .......YRT/G............ ..................................... ..........................6,367 ..................................... ..................................... ..................................... .....................................<br />
94447............. 73-1091065....... .......08/22/1983 CENTURY LIFE ASSURANCE COMPANY................ OKLAHOMA................................................................. .......CO/I................ ...................1,311,342 ......................170,380 ..................................... .............................321 ..................................... .....................................<br />
76236............. 31-1213778....... .......09/15/1997 CINCINNATI LIFE INSURANCE COMPANY.............. OHIO............................................................................ .......CO/I................ ............5,421,734,453 .................25,711,768 ...................8,457,680 ...................3,366,638 ..................................... .....................................<br />
76236............. 31-1213778....... .......10/01/1998 CINCINNATI LIFE INSURANCE COMPANY.............. OHIO............................................................................ .......DIS/I............... ..................................... ......................469,173 ......................125,685 .............................443 ..................................... .....................................<br />
76236............. 31-1213778....... .......01/01/2001 CINCINNATI LIFE INSURANCE COMPANY.............. OHIO............................................................................ .......YRT/I.............. ...............192,605,654 ...................1,322,703 ......................651,805 ......................292,140 ..................................... .....................................<br />
62049............. 57-0144607....... .......04/01/1984 COLONIAL LIFE & ACCIDENT INS COMPANY........ SOUTH CAROLINA..................................................... .......ADB/I.............. ..................................... .............................386 ........................37,184 ...............................34 ..................................... .....................................<br />
62049............. 57-0144607....... .......04/01/1984 COLONIAL LIFE & ACCIDENT INS COMPANY........ SOUTH CAROLINA..................................................... .......DIS/I............... ..................................... ..........................8,853 ..........................3,947 ..................................... ..................................... .....................................<br />
62049............. 57-0144607....... .......01/01/1987 COLONIAL LIFE & ACCIDENT INS COMPANY........ SOUTH CAROLINA..................................................... .......YRT/G............ ......................374,000 ........................97,391 ..................................... ..................................... ..................................... .....................................<br />
62049............. 57-0144607....... .......04/01/1984 COLONIAL LIFE & ACCIDENT INS COMPANY........ SOUTH CAROLINA..................................................... .......YRT/I.............. ...............271,377,991 ...................1,968,342 ......................884,813 ........................66,399 ..................................... .....................................<br />
62065............. 23-1628836....... .......01/01/1985 COLONIAL PENN LIFE INSURANCE COMPANY..... PENNSYLVANIA.......................................................... .......ACOFW/I........ ..................................... ...................3,102,702 .......................(24,092) ........................49,369 ..................................... ...................3,083,844<br />
62065............. 23-1628836....... .......04/01/1992 COLONIAL PENN LIFE INSURANCE COMPANY..... PENNSYLVANIA.......................................................... .......YRT/I.............. .................19,210,676 ......................139,337 ......................308,827 ..........................4,700 ..................................... .....................................<br />
99937............. 31-1191427....... .......12/13/1981 COLUMBUS LIFE INSURANCE COMPANY.............. OHIO............................................................................ .......ADB/I.............. ..................................... ...............................16 ............................(372) .................................1 ..................................... .....................................<br />
99937............. 31-1191427....... .......12/13/1981 COLUMBUS LIFE INSURANCE COMPANY.............. OHIO............................................................................ .......DIS/I............... ..................................... .............................372 ...............................91 ..................................... ..................................... .....................................<br />
99937............. 31-1191427....... .......12/13/1981 COLUMBUS LIFE INSURANCE COMPANY.............. OHIO............................................................................ .......YRT/I.............. .................11,400,307 ........................82,687 .......................(14,811) ..........................2,789 ..................................... .....................................<br />
62146............. 36-2136262....... .......12/01/1982 COMBINED INSURANCE COMPANY OF AMERICA ILLINOIS....................................................................... .......CO/I................ ......................454,196 ..........................4,540 ........................11,629 .............................111 ..................................... .....................................<br />
62146............. 36-2136262....... .......11/01/1980 COMBINED INSURANCE COMPANY OF AMERICA ILLINOIS....................................................................... .......MCO/I............. ......................954,169 ..................................... ........................20,096 ........................10,234 ........................20,353 .....................................<br />
62146............. 36-2136262....... .......11/01/1980 COMBINED INSURANCE COMPANY OF AMERICA ILLINOIS....................................................................... .......YRT/I.............. ...................2,503,904 ..........................6,647 ........................14,559 .............................612 ..................................... .....................................<br />
84824............. 04-6145677....... .......07/01/1966 COMMONWEALTH ANNUITY AND LIFE INS CO..... MASSACHUSETTS..................................................... .......DIS/I............... ..................................... ..........................1,358 ..................................... ..................................... ..................................... .....................................<br />
84824............. 04-6145677....... .......05/01/1989 COMMONWEALTH ANNUITY AND LIFE INS CO..... MASSACHUSETTS..................................................... .......YRT/I.............. ...............216,044,408 ...................1,852,237 ...................1,814,299 ........................52,861 ..................................... .....................................<br />
62243............. 13-1595128....... .......01/01/1993 COMPANION LIFE INSURANCE COMPANY............ NEW YORK.................................................................. .......CO/I................ ......................855,136 ..........................8,545 ..............................(48) .............................210 ..................................... .....................................<br />
62243............. 13-1595128....... .......01/01/1993 COMPANION LIFE INSURANCE COMPANY............ NEW YORK.................................................................. .......DIS/I............... ..................................... ...............................76 ...............................60 ..................................... ..................................... .....................................<br />
62243............. 13-1595128....... .......06/01/1997 COMPANION LIFE INSURANCE COMPANY............ NEW YORK.................................................................. .......YRT/I.............. .................12,865,940 ........................93,319 ......................137,242 ..........................3,148 ..................................... .....................................<br />
62308............. 06-0303370....... .......10/28/1992 CONNECTICUT GENERAL LIFE INSURANCE COMPANY CONNECTICUT........................................................... .......YRT/I.............. ...............750,081,430 ...................7,477,432 ...................5,043,884 ...................1,327,429 ..................................... .....................................<br />
62308............. 06-0303370....... .......01/01/1998 CONNECTICUT GENERAL LIFE INSURANCE COMPANY CONNECTICUT........................................................... .......CO/I................ ..................................... ...............136,070,675 ......................558,868 ........................11,289 ..................................... .....................................<br />
62308............. 06-0303370....... .......01/01/1998 CONNECTICUT GENERAL LIFE INSURANCE COMPANY CONNECTICUT........................................................... .......COI/I............... ..........15,463,837,289 ............4,048,482,411 ...............292,986,996 .................54,510,641 ..................................... .....................................<br />
60682............. 45-0103436....... .......06/13/1960 CONSECO INSURANCE COMPANY......................... ILLINOIS....................................................................... .......ADB/I.............. ..................................... .................................2 ..................................... ..................................... ..................................... .....................................<br />
60682............. 45-0103436....... .......09/01/1980 CONSECO INSURANCE COMPANY......................... ILLINOIS....................................................................... .......CO/I................ ...................1,718,570 ........................17,174 ........................31,068 .............................420 ..................................... .....................................<br />
60682............. 45-0103436....... .......12/01/1984 CONSECO INSURANCE COMPANY......................... ILLINOIS....................................................................... .......DIS/I............... ..................................... .............................202 .............................328 ..................................... ..................................... .....................................<br />
60682............. 45-0103436....... .......12/01/1984 CONSECO INSURANCE COMPANY......................... ILLINOIS....................................................................... .......YRT/I.............. ...................2,989,912 ........................21,687 ........................29,226 ........................20,335 ..................................... .....................................<br />
65900............. 04-2299444....... .......07/01/1988 CONSECO LIFE INSURANCE COMPANY................ INDIANA....................................................................... .......CO/I................ ...................7,324,644 ........................21,320 .......................(26,056) ........................17,651 ..................................... .....................................<br />
65900............. 04-2299444....... .......01/01/2000 CONSECO LIFE INSURANCE COMPANY................ INDIANA....................................................................... .......DIS/I............... ..................................... ......................171,772 ..........................3,787 ........................19,871 .............................131 .....................................<br />
65900............. 04-2299444....... .......10/01/1984 CONSECO LIFE INSURANCE COMPANY................ INDIANA....................................................................... .......MCO/I............. ...................1,357,725 ..................................... ........................17,207 .............................332 ........................28,961 .....................................<br />
65900............. 04-2299444....... .......01/01/2000 CONSECO LIFE INSURANCE COMPANY................ INDIANA....................................................................... .......YRT/I.............. ...............516,829,172 ...................3,818,553 ...................3,742,198 ......................290,096 ..................................... .....................................
40.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
76325............. 23-0704970....... .......04/01/1978 CONSECO SENIOR HEALTH INSURANCE COMPANYPENNSYLVANIA.......................................................... .......CO/I................ ......................621,331 ........................13,253 ........................30,902 .............................152 ..................................... .....................................<br />
76325............. 23-0704970....... .......08/01/1966 CONSECO SENIOR HEALTH INSURANCE COMPANYPENNSYLVANIA.......................................................... .......DIS/I............... ..................................... ...............................11 ..................................... ..................................... ..................................... .....................................<br />
76325............. 23-0704970....... .......03/01/1981 CONSECO SENIOR HEALTH INSURANCE COMPANYPENNSYLVANIA.......................................................... .......YRT/I.............. ...................1,056,338 ..........................9,664 ........................36,057 .............................258 ..................................... .....................................<br />
62413............. 36-0947200....... .......08/01/1999 CONTINENTAL ASSURANCE COMPANY................ ILLINOIS....................................................................... .......ADB/I.............. ...............845,813,856 ...................1,230,792 ......................411,685 ........................84,132 ..................................... .....................................<br />
62413............. 36-0947200....... .......07/17/1995 CONTINENTAL ASSURANCE COMPANY................ ILLINOIS....................................................................... .......CO/I................ ...............711,026,267 ...................7,167,004 ...................1,206,721 ......................203,720 ..................................... .....................................<br />
62413............. 36-0947200....... .......04/01/1999 CONTINENTAL ASSURANCE COMPANY................ ILLINOIS....................................................................... .......YRT/I.............. .................13,351,918 ........................52,506 ........................52,013 ..........................2,056 ..................................... .....................................<br />
62537............. 58-0830929....... .......11/15/1973 COTTON STATES LIFE INSURANCE COMPANY.... GEORGIA..................................................................... .......YRT/I.............. ......................251,433 ..........................1,515 ..........................3,467 ...............................62 ..................................... .....................................<br />
62553............. 37-0808781....... .......01/01/1979 COUNTRY LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......ADB/I.............. ..................................... ..........................4,292 ..........................4,703 ..........................1,915 ..................................... .....................................<br />
62553............. 37-0808781....... .......09/01/2000 COUNTRY LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......CO/I................ ............5,786,482,707 .................53,055,913 ...................9,883,860 ...................2,432,884 ..................................... .....................................<br />
62553............. 37-0808781....... .......09/01/2000 COUNTRY LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......DIS/I............... ..................................... ...................1,530,949 ......................223,788 .............................551 ..................................... .....................................<br />
62553............. 37-0808781....... .......01/01/1934 COUNTRY LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......MCO/I............. ...................1,777,332 ..................................... ........................64,180 .............................435 ...................1,440,477 .....................................<br />
62553............. 37-0808781....... .......01/01/1982 COUNTRY LIFE INSURANCE COMPANY................ ILLINOIS....................................................................... .......YRT/I.............. ...............346,977,472 ...................2,798,030 ...................2,485,906 ......................340,941 ..................................... .....................................<br />
62626............. 39-0230590....... .......08/04/1983 CUNA MUTUAL INSURANCE SOCIETY................... IOWA............................................................................ .......ADB/I.............. ..................................... .............................130 ..........................1,285 ...............................11 ..................................... .....................................<br />
62626............. 39-0230590....... .......04/01/2000 CUNA MUTUAL INSURANCE SOCIETY................... IOWA............................................................................ .......CO/I................ ...............604,384,199 ...................6,121,518 ...................1,132,624 ......................147,878 ..................................... .....................................<br />
62626............. 39-0230590....... .......04/01/2000 CUNA MUTUAL INSURANCE SOCIETY................... IOWA............................................................................ .......DIS/I............... ..................................... ........................81,449 ........................14,542 ..........................2,762 ..................................... .....................................<br />
62626............. 39-0230590....... .......08/04/1983 CUNA MUTUAL INSURANCE SOCIETY................... IOWA............................................................................ .......YRT/I.............. .................91,056,874 ......................660,449 ......................750,641 ......................192,930 ..................................... .....................................<br />
62634............. 51-0104167....... .......04/01/1980 DELAWARE AMERICAN LIFE INSURANCE COMPANY DELAWARE................................................................. .......CO/I................ ...................1,647,583 ........................16,088 ........................57,802 ........................16,052 ..................................... .....................................<br />
62634............. 51-0104167....... .......04/01/1980 DELAWARE AMERICAN LIFE INSURANCE COMPANY DELAWARE................................................................. .......DIS/I............... ..................................... ...............................92 .............................376 ..................................... ..................................... .....................................<br />
62650............. 58-0838961....... .......05/01/1961 DELTA LIFE INSURANCE COMPANY....................... GEORGIA..................................................................... .......ADB/I.............. ..................................... ...............................10 ...............................10 .................................1 ..................................... .....................................<br />
62650............. 58-0838961....... .......05/01/1961 DELTA LIFE INSURANCE COMPANY....................... GEORGIA..................................................................... .......YRT/I.............. ......................738,649 ......................108,320 ......................125,026 .............................181 ..................................... .....................................<br />
62928............. 42-0868851....... .......09/22/1999 EMC NATIONAL LIFE COMPANY.............................. IOWA............................................................................ .......ADB/I.............. .................51,688,160 ........................88,509 ........................21,307 ..........................4,354 ..................................... .....................................<br />
62928............. 42-0868851....... .......01/01/1960 EMC NATIONAL LIFE COMPANY.............................. IOWA............................................................................ .......DIS/I............... ..................................... ...............................94 ................................(5) ..................................... ..................................... .....................................<br />
62928............. 42-0868851....... .......06/01/1982 EMC NATIONAL LIFE COMPANY.............................. IOWA............................................................................ .......YRT/I.............. .................22,799,150 ......................162,061 ......................261,514 ..........................5,578 ..................................... .....................................<br />
71228............. 06-1326202....... .......04/01/1996 EMPIRE FIDELITY INVESTMENTS LIFE INS CO..... NEW YORK.................................................................. .......CO/I................ ...............439,294,308 ...................4,390,254 ......................623,438 ......................107,485 ..................................... .....................................<br />
71228............. 06-1326202....... .......04/01/1996 EMPIRE FIDELITY INVESTMENTS LIFE INS CO..... NEW YORK.................................................................. .......DIS/I............... ..................................... ........................26,532 .............................263 ..................................... ..................................... .....................................<br />
68276............. 48-1024691....... .......01/01/1990 EMPLOYERS REASSURANCE CORPORATION..... KANSAS....................................................................... .......CO/I................ ......................411,193 ..................................... ..........................2,829 ..................................... ..................................... .....................................<br />
68276............. 48-1024691....... .......01/01/1990 EMPLOYERS REASSURANCE CORPORATION..... KANSAS....................................................................... .......DIS/I............... ..................................... ...............................94 ..............................(59) ..................................... ..................................... .....................................<br />
68276............. 48-1024691....... .......01/01/1990 EMPLOYERS REASSURANCE CORPORATION..... KANSAS....................................................................... .......YRT/I.............. ...................2,471,140 ........................20,906 ........................16,347 .............................705 ..................................... .....................................<br />
70769............. 25-1186315....... .......10/01/1989 ERIE FAMILY LIFE INSURANCE COMPANY............ PENNSYLVANIA.......................................................... .......CO/I................ ..................................... ..................................... ............................(627) ..................................... ..................................... .....................................<br />
70769............. 25-1186315....... .......01/01/1967 ERIE FAMILY LIFE INSURANCE COMPANY............ PENNSYLVANIA.......................................................... .......DIS/I............... ..................................... ..........................5,616 .................................2 ..........................3,621 ..................................... .....................................<br />
70769............. 25-1186315....... .......05/01/1987 ERIE FAMILY LIFE INSURANCE COMPANY............ PENNSYLVANIA.......................................................... .......YRT/I.............. ...................2,825,690 ........................20,495 ........................53,026 .............................691 ..................................... .....................................<br />
63088............. 42-0623913....... .......03/14/1996 FARM BUREAU LIFE INSURANCE COMPANY........ IOWA............................................................................ .......CO/I................ .................23,420,540 ......................397,399 ......................174,249 ..........................5,730 ..................................... .....................................<br />
63088............. 42-0623913....... .......07/14/1998 FARM BUREAU LIFE INSURANCE COMPANY........ IOWA............................................................................ .......DIS/I............... ..................................... ..........................6,403 ..................................... ..................................... ..................................... .....................................<br />
63088............. 42-0623913....... .......03/01/1999 FARM BUREAU LIFE INSURANCE COMPANY........ IOWA............................................................................ .......YRT/I.............. ...............215,566,257 ...................1,563,530 ......................667,721 ........................52,743 ..................................... .....................................<br />
63177............. 91-0335750....... .......03/01/1995 FARMERS NEW WORLD LIFE INSURANCE COMPANY WASHINGTON............................................................ .......ADB/I.............. ...............201,288,232 ......................417,478 ......................374,032 ........................71,094 ..................................... .....................................<br />
63177............. 91-0335750....... .......07/01/1999 FARMERS NEW WORLD LIFE INSURANCE COMPANY WASHINGTON............................................................ .......CO/I................ ..........36,438,088,882 ...............275,966,904 .................70,901,465 .................20,030,664 ..................................... .....................................<br />
63177............. 91-0335750....... .......08/01/1973 FARMERS NEW WORLD LIFE INSURANCE COMPANY WASHINGTON............................................................ .......DIS/I............... ..................................... ........................58,790 ..........................6,529 .............................695 ..................................... .....................................<br />
63177............. 91-0335750....... .......08/01/1973 FARMERS NEW WORLD LIFE INSURANCE COMPANY WASHINGTON............................................................ .......YRT/I.............. ...............298,604,786 ......................958,527 ...................1,388,163 ......................856,448 ..................................... .....................................<br />
63258............. 41-6022443....... .......06/01/1997 FEDERATED LIFE INSURANCE COMPANY............ MINNESOTA................................................................ .......YRT/I.............. ...............291,495,703 ...................2,157,721 ......................913,895 ........................71,321 ..................................... .....................................<br />
93696............. 23-2164784....... .......04/01/1996 FIDELITY INVESTMENTS LIFE INS COMPANY....... UTAH............................................................................ .......CO/I................ ............4,546,509,222 .................53,780,925 ...................6,724,822 ...................1,827,228 ..................................... .....................................<br />
93696............. 23-2164784....... .......04/01/1996 FIDELITY INVESTMENTS LIFE INS COMPANY....... UTAH............................................................................ .......DIS/I............... ..................................... ........................33,097 ..........................3,570 ..................................... ..................................... .....................................<br />
93696............. 23-2164784....... .......01/01/1988 FIDELITY INVESTMENTS LIFE INS COMPANY....... UTAH............................................................................ .......YRT/I.............. ...................1,680,719 ........................12,191 ..........................6,189 .............................411 ..................................... .....................................<br />
63290............. 36-1068685....... .......01/01/1992 FIDELITY LIFE ASSN, A LEGAL RESERVE LIFE..... ILLINOIS....................................................................... .......CO/I................ ...............218,961,037 ...................2,188,271 ......................708,485 ......................709,077 ..................................... .....................................<br />
63290............. 36-1068685....... .......06/07/1982 FIDELITY LIFE ASSN, A LEGAL RESERVE LIFE..... ILLINOIS....................................................................... .......DIS/I............... ..................................... .............................314 ..................................... ..................................... ..................................... .....................................<br />
63290............. 36-1068685....... .......06/07/1982 FIDELITY LIFE ASSN, A LEGAL RESERVE LIFE..... ILLINOIS....................................................................... .......YRT/I.............. .................34,513,636 ......................250,333 ......................511,148 ........................66,036 ..................................... .....................................<br />
69140............. 04-1867050....... .......05/01/1999 FIRST ALLMERICA FINANCIAL LIFE INS CO........... MASSACHUSETTS..................................................... .......DIS/I............... ..................................... ........................66,792 ..................................... ........................41,730 ..................................... .....................................<br />
69140............. 04-1867050....... .......05/01/1999 FIRST ALLMERICA FINANCIAL LIFE INS CO........... MASSACHUSETTS..................................................... .......YRT/I.............. .................22,283,397 ......................164,976 ........................48,076 ..........................5,452 ..................................... .....................................<br />
64696............. 87-0364806....... .......01/01/1988 FIRST CONTINENTAL LIFE & ACCIDENT INS CO.. TEXAS.......................................................................... .......YRT/G............ ........................62,128 ........................30,712 ..................................... ..................................... ..................................... .....................................<br />
79359............. 13-2690792....... .......03/24/2000 FIRST GREAT-WEST LIFE & ANNUITY INS CO...... NEW YORK.................................................................. .......DIS/I............... ..................................... .............................704 .................................8 ..................................... ..................................... .....................................<br />
79359............. 13-2690792....... .......03/24/2000 FIRST GREAT-WEST LIFE & ANNUITY INS CO...... NEW YORK.................................................................. .......YRT/I.............. .................21,636,911 ......................156,935 ......................155,868 ..........................5,294 ..................................... .....................................
40.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
63495............. 13-1968606....... .......04/01/1990 FIRST INVESTORS LIFE INSURANCE COMPANY.. NEW YORK.................................................................. .......ADB/I.............. ..................................... ..........................3,341 ..........................6,847 .............................283 ..................................... .....................................<br />
63495............. 13-1968606....... .......01/01/1999 FIRST INVESTORS LIFE INSURANCE COMPANY.. NEW YORK.................................................................. .......CO/I................ ............1,646,267,066 ...................3,755,946 ...................1,763,307 ......................582,802 ..................................... .....................................<br />
63495............. 13-1968606....... .......01/01/1999 FIRST INVESTORS LIFE INSURANCE COMPANY.. NEW YORK.................................................................. .......DIS/I............... ..................................... ........................17,458 ......................226,195 ..................................... ..................................... .....................................<br />
63495............. 13-1968606....... .......04/01/1990 FIRST INVESTORS LIFE INSURANCE COMPANY.. NEW YORK.................................................................. .......YRT/I.............. ...............401,510,000 ...................2,899,955 ...................1,005,464 ......................513,362 ..................................... .....................................<br />
92495............. 06-0992729....... .......01/01/1999 FIRST SUNAMERICA LIFE INSURANCE COMPANY NEW YORK.................................................................. .......YRT/I.............. .................91,817,563 ......................665,965 ...................1,355,576 ......................237,711 ..................................... .....................................<br />
76031............. 59-2876465....... .......10/01/1994 FLORIDA COMBINED LIFE INSURANCE COMPANYFLORIDA...................................................................... .......YRT/G............ ..................................... ........................55,715 ..................................... ..................................... ..................................... .....................................<br />
71129............. 36-2598882....... .......07/01/1987 FORT DEARBORN LIFE INSURANCE COMPANY... ILLINOIS....................................................................... .......CO/G.............. ..................................... ......................352,806 ..................................... ..................................... ..................................... .....................................<br />
71129............. 36-2598882....... .......01/01/1981 FORT DEARBORN LIFE INSURANCE COMPANY... ILLINOIS....................................................................... .......CO/I................ ......................115,000 ..........................3,162 ........................23,196 ...............................28 ..................................... .....................................<br />
71129............. 36-2598882....... .......04/01/1995 FORT DEARBORN LIFE INSURANCE COMPANY... ILLINOIS....................................................................... .......YRT/G............ ......................348,000 ...................1,727,007 ..................................... ......................325,878 ..................................... .....................................<br />
71129............. 36-2598882....... .......01/01/1978 FORT DEARBORN LIFE INSURANCE COMPANY... ILLINOIS....................................................................... .......YRT/I.............. ...................1,792,009 ........................12,294 ........................26,861 .............................439 ..................................... .....................................<br />
00000............. AA-1120020....... .......01/01/1992 GE FRANKONA REASSURANCE LIMITED.............. UNITED KINGDOM...................................................... .......OTH/I.............. .................33,387,416 ...................1,361,498 ........................80,226 ........................16,395 ..................................... .....................................<br />
63665............. 43-0285930....... .......02/01/2001 GENERAL AMERICAN LIFE INSURANCE COMPANYMISSOURI.................................................................... .......CO/I................ ...............507,024,919 ...................5,067,146 ......................619,283 ...................1,368,814 ..................................... .....................................<br />
63665............. 43-0285930....... .......02/01/2001 GENERAL AMERICAN LIFE INSURANCE COMPANYMISSOURI.................................................................... .......DIS/I............... ..................................... ........................31,297 ..................................... ..................................... ..................................... .....................................<br />
63665............. 43-0285930....... .......12/01/2001 GENERAL AMERICAN LIFE INSURANCE COMPANYMISSOURI.................................................................... .......YRT/I.............. ...............324,643,909 ...................2,354,685 ..................(2,112,345) ...................5,009,157 ..................................... .....................................<br />
63665............. 43-0285930....... .......01/01/1983 GENERAL AMERICAN LIFE INSURANCE COMPANYMISSOURI.................................................................... .......OTH/I.............. .................27,148,370 ..................................... ......................833,804 ......................109,822 ..................................... .....................................<br />
65536............. 54-0283385....... .......02/01/1994 GENWORTH LIFE AND ANNUITY INS COMPANY.. VIRGINIA...................................................................... .......ADB/I.............. ..................................... ..........................1,409 ..........................2,080 .............................563 ..................................... .....................................<br />
65536............. 54-0283385....... .......09/01/1989 GENWORTH LIFE AND ANNUITY INS COMPANY.. VIRGINIA...................................................................... .......CO/I................ ...................6,301,855 ........................22,505 .........................(2,532) .............................551 ..................................... .....................................<br />
65536............. 54-0283385....... .......02/01/1994 GENWORTH LIFE AND ANNUITY INS COMPANY.. VIRGINIA...................................................................... .......DIS/I............... ..................................... ........................62,253 ........................12,259 ..........................5,363 ..................................... .....................................<br />
65536............. 54-0283385....... .......02/01/1994 GENWORTH LIFE AND ANNUITY INS COMPANY.. VIRGINIA...................................................................... .......YRT/I.............. ...............845,879,560 ...................6,044,771 ...................4,584,856 ...................1,628,175 ..................................... .....................................<br />
72990............. 22-2882416....... .......11/05/1994 GENWORTH LIFE INS COMPANY OF NEW YORK. NEW YORK.................................................................. .......CO/I................ ...............395,552,764 ...................3,953,108 ......................761,984 ......................223,982 ..................................... .....................................<br />
72990............. 22-2882416....... .......11/05/1994 GENWORTH LIFE INS COMPANY OF NEW YORK. NEW YORK.................................................................. .......DIS/I............... ..................................... ........................25,797 ........................13,810 ...............................40 ..................................... .....................................<br />
72990............. 22-2882416....... .......01/01/1986 GENWORTH LIFE INS COMPANY OF NEW YORK. NEW YORK.................................................................. .......YRT/I.............. ...................6,205,272 ........................45,008 ........................30,369 ........................21,916 ..................................... .....................................<br />
70025............. 91-6027719....... .......11/01/1997 GENWORTH LIFE INSURANCE COMPANY............. DELAWARE................................................................. .......CO/I................ .................32,404,249 ......................323,844 ........................46,855 ........................47,929 ..................................... .....................................<br />
70025............. 91-6027719....... .......11/01/1997 GENWORTH LIFE INSURANCE COMPANY............. DELAWARE................................................................. .......DIS/I............... ..................................... ........................12,984 ..........................1,587 ..................................... ..................................... .....................................<br />
70025............. 91-6027719....... .......01/01/1991 GENWORTH LIFE INSURANCE COMPANY............. DELAWARE................................................................. .......YRT/I.............. ...............338,028,931 ...................2,451,768 ......................614,467 ......................175,693 ..................................... .....................................<br />
70939............. 13-2611847....... .......07/01/1968 GERBER LIFE INSURANCE COMPANY................... NEW YORK.................................................................. .......ADB/I.............. ..................................... ..........................4,774 ..........................4,893 ..........................2,107 ..................................... .....................................<br />
70939............. 13-2611847....... .......07/01/1968 GERBER LIFE INSURANCE COMPANY................... NEW YORK.................................................................. .......YRT/I.............. ...................1,913,070 ..........................5,948 ........................19,473 .............................468 ..................................... .....................................<br />
00000............. AA-3190639....... .......04/01/1998 GLOBAL PREFERRED RE LIMITED.......................... BERMUDA................................................................... .......ADB/I.............. ..................................... ...............................28 ...............................18 .................................2 ..................................... .....................................<br />
00000............. AA-3190639....... .......04/01/1998 GLOBAL PREFERRED RE LIMITED.......................... BERMUDA................................................................... .......YRT/I.............. .................19,576,224 ......................141,988 ........................40,070 ..........................4,790 ..................................... .....................................<br />
91472............. 63-0782739....... .......10/01/1981 GLOBE LIFE AND ACCIDENT INS COMPANY......... NEBRASKA.................................................................. .......ADB/I.............. ..................................... ...............................50 ...............................17 .................................3 ..................................... .....................................<br />
91472............. 63-0782739....... .......01/01/1985 GLOBE LIFE AND ACCIDENT INS COMPANY......... NEBRASKA.................................................................. .......YRT/I.............. ......................991,000 ..........................9,272 .........................(1,342) .............................242 ..................................... .....................................<br />
63924............. 95-0780930....... .......05/01/1970 GOLDEN STATE MUTUAL LIFE INS COMPANY...... CALIFORNIA................................................................ .......YRT/G............ ..................................... ..........................1,733 ..................................... ..................................... ..................................... .....................................<br />
63967............. 74-0651020....... .......08/01/1998 GOVERNMENT PERSONNEL MUTUAL LIFE INS COTEXAS.......................................................................... .......ADB/I.............. .................14,553,133 ........................28,357 ........................15,908 ........................24,068 ..................................... .....................................<br />
63967............. 74-0651020....... .......12/03/2001 GOVERNMENT PERSONNEL MUTUAL LIFE INS COTEXAS.......................................................................... .......CO/I................ .................26,633,259 ......................230,024 ........................69,426 ..........................6,516 ..................................... .....................................<br />
63967............. 74-0651020....... .......11/01/1986 GOVERNMENT PERSONNEL MUTUAL LIFE INS COTEXAS.......................................................................... .......DIS/I............... ..................................... .............................102 ................................(4) ..................................... ..................................... .....................................<br />
63967............. 74-0651020....... .......08/01/1998 GOVERNMENT PERSONNEL MUTUAL LIFE INS COTEXAS.......................................................................... .......OTH/I.............. ..................................... ..................................... ...............................10 .................................2 ..................................... .....................................<br />
63967............. 74-0651020....... .......11/01/1986 GOVERNMENT PERSONNEL MUTUAL LIFE INS COTEXAS.......................................................................... .......YRT/I.............. .................86,884,735 ......................593,695 ......................513,385 ........................21,258 ..................................... .....................................<br />
71218............. 31-0739286....... .......01/01/1984 GRANGE LIFE INSURANCE COMPANY................... OHIO............................................................................ .......ADB/I.............. ..................................... ..........................1,095 ..........................1,194 .............................486 ..................................... .....................................<br />
71218............. 31-0739286....... .......08/01/2000 GRANGE LIFE INSURANCE COMPANY................... OHIO............................................................................ .......CO/I................ ...............768,950,252 ...................7,673,314 ...................1,127,687 ......................388,143 ..................................... .....................................<br />
71218............. 31-0739286....... .......08/01/2000 GRANGE LIFE INSURANCE COMPANY................... OHIO............................................................................ .......DIS/I............... ..................................... ........................47,019 .............................378 ..................................... ..................................... .....................................<br />
71218............. 31-0739286....... .......10/15/1975 GRANGE LIFE INSURANCE COMPANY................... OHIO............................................................................ .......YRT/I.............. ...................5,436,649 ........................21,368 ........................25,979 ..........................1,251 ..................................... .....................................<br />
90212............. 74-2058261....... .......03/14/2000 GREAT SOUTHERN LIFE INSURANCE COMPANY TEXAS.......................................................................... .......CO/I................ ...............150,400,062 ...................2,424,647 ......................479,314 ........................34,269 ..................................... .....................................<br />
90212............. 74-2058261....... .......03/14/2000 GREAT SOUTHERN LIFE INSURANCE COMPANY TEXAS.......................................................................... .......DIS/I............... ..................................... ........................15,526 ..........................1,941 ..................................... ..................................... .....................................<br />
90212............. 74-2058261....... .......10/01/1998 GREAT SOUTHERN LIFE INSURANCE COMPANY TEXAS.......................................................................... .......YRT/I.............. ...............127,973,681 ...................1,003,193 ......................584,911 ......................227,255 ..................................... .....................................<br />
68322............. 84-0467907....... .......08/22/1973 GREAT-WEST LIFE & ANNUITY INS COMPANY..... COLORADO................................................................. .......DIS/I............... ..................................... ..........................1,766 ..................................... ..................................... ..................................... .....................................<br />
68322............. 84-0467907....... .......01/01/1949 GREAT-WEST LIFE & ANNUITY INS COMPANY..... COLORADO................................................................. .......MCO/I............. ......................249,503 ..................................... .......................(22,378) ...............................61 ..........................5,322 .....................................<br />
68322............. 84-0467907....... .......01/01/1993 GREAT-WEST LIFE & ANNUITY INS COMPANY..... COLORADO................................................................. .......YRT/I.............. ...............128,263,888 ......................930,316 ...................2,200,760 ......................222,703 ..................................... .....................................<br />
00000............. AA-1561015....... .......01/21/1969 GREAT-WEST LIFE ASSURANCE COMPANY......... CANADA...................................................................... .......YRT/I.............. ...................1,529,036 ........................11,090 ........................95,260 .............................374 ..................................... .....................................<br />
64238............. 72-0201480....... .......02/01/1981 GUARANTY INCOME LIFE INSURANCE COMPANY LOUISIANA.................................................................. .......CO/I................ ...................1,100,000 ........................14,268 ..........................7,798 .............................269 ..................................... .....................................<br />
64238............. 72-0201480....... .......07/01/1983 GUARANTY INCOME LIFE INSURANCE COMPANY LOUISIANA.................................................................. .......DIS/I............... ..................................... ........................58,073 .............................305 ........................52,588 ..................................... .....................................<br />
64238............. 72-0201480....... .......01/01/1986 GUARANTY INCOME LIFE INSURANCE COMPANY LOUISIANA.................................................................. .......YRT/I.............. ...................5,363,446 ........................35,979 ........................98,922 ..........................1,312 ..................................... .....................................
40.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
78778............. 13-2656036....... .......09/15/1985 GUARDIAN INS & ANNUITY COMPANY, INC........... DELAWARE................................................................. .......YRT/I.............. .................11,586,545 ........................84,038 ........................14,622 ..........................2,835 ..................................... .....................................<br />
64246............. 13-5123390....... .......01/01/1950 GUARDIAN LIFE INS COMPANY OF AMERICA....... NEW YORK.................................................................. .......ADB/I.............. ..................................... ...............................30 ...............................64 .................................3 ..................................... .....................................<br />
64246............. 13-5123390....... .......07/01/1976 GUARDIAN LIFE INS COMPANY OF AMERICA....... NEW YORK.................................................................. .......CO/I................ ......................300,000 ..........................3,045 ..........................7,658 ...............................73 ..................................... .....................................<br />
64246............. 13-5123390....... .......08/01/1995 GUARDIAN LIFE INS COMPANY OF AMERICA....... NEW YORK.................................................................. .......DIS/I............... ..................................... ......................957,270 ......................456,747 ......................157,626 ..................................... .....................................<br />
64246............. 13-5123390....... .......03/01/1993 GUARDIAN LIFE INS COMPANY OF AMERICA....... NEW YORK.................................................................. .......MCO/I............. ............1,311,089,884 ..................................... ...................2,829,811 ......................673,948 ...................2,719,743 .....................................<br />
64246............. 13-5123390....... .......06/15/1996 GUARDIAN LIFE INS COMPANY OF AMERICA....... NEW YORK.................................................................. .......YRT/I.............. ............1,371,928,175 ...................8,054,149 ...................6,978,224 ...................1,465,543 ..................................... .....................................<br />
00000............. AA-1340125....... .......01/01/1993 HANNOVER RUCKVERSICHERUNG AG................. GERMANY................................................................... .......ADB/I.............. .................24,965,690 ......................201,823 ......................294,846 ........................60,255 ..................................... .....................................<br />
00000............. AA-1340125....... .......05/10/1993 HANNOVER RUCKVERSICHERUNG AG................. GERMANY................................................................... .......OTH/I.............. ..................................... ..................................... ................................(3) ................................(1) ..................................... .....................................<br />
70815............. 06-0838648....... .......01/01/1995 HARTFORD LIFE AND ACCIDENT INS COMPANY. CONNECTICUT........................................................... .......YRT/I.............. .................61,479,677 ......................445,921 ...................1,677,911 ........................15,043 ..................................... .....................................<br />
71153............. 39-1052598....... .......01/01/1995 HARTFORD LIFE AND ANNUITY INS COMPANY.... CONNECTICUT........................................................... .......ADB/I.............. ...............167,045,104 ......................471,327 ......................156,516 ........................31,821 ..................................... .....................................<br />
71153............. 39-1052598....... .......12/01/2000 HARTFORD LIFE AND ANNUITY INS COMPANY.... CONNECTICUT........................................................... .......CO/I................ ............2,636,197,350 .................32,405,102 ...................4,354,419 ...................2,267,678 ..................................... .....................................<br />
71153............. 39-1052598....... .......07/01/1997 HARTFORD LIFE AND ANNUITY INS COMPANY.... CONNECTICUT........................................................... .......DIS/I............... ..................................... ........................34,858 ..........................2,091 ..................................... ..................................... .....................................<br />
71153............. 39-1052598....... .......12/01/2000 HARTFORD LIFE AND ANNUITY INS COMPANY.... CONNECTICUT........................................................... .......YRT/I.............. ............2,438,307,424 .................12,293,132 .................11,559,046 ...................1,201,624 ..................................... .....................................<br />
88072............. 06-0974148....... .......06/05/1964 HARTFORD LIFE INSURANCE COMPANY.............. CONNECTICUT........................................................... .......ADB/I.............. ..................................... ...............................40 .............................361 .................................3 ..................................... .....................................<br />
88072............. 06-0974148....... .......01/01/1991 HARTFORD LIFE INSURANCE COMPANY.............. CONNECTICUT........................................................... .......DIS/I............... ..................................... ..........................5,964 ..........................4,458 ..................................... ..................................... .....................................<br />
88072............. 06-0974148....... .......12/01/1999 HARTFORD LIFE INSURANCE COMPANY.............. CONNECTICUT........................................................... .......YRT/I.............. ............6,723,354,894 ...................4,919,428 .................12,477,866 .................10,208,462 ..................................... .................42,495,759<br />
92711............. 35-1817054....... .......10/01/1984 HCC LIFE INSURANCE COMPANY........................... INDIANA....................................................................... .......DIS/I............... ..................................... .............................323 .............................429 ..................................... ..................................... .....................................<br />
92711............. 35-1817054....... .......05/01/1991 HCC LIFE INSURANCE COMPANY........................... INDIANA....................................................................... .......YRT/G............ ..................................... ......................229,834 ..................................... ..................................... ..................................... .....................................<br />
92711............. 35-1817054....... .......10/01/1984 HCC LIFE INSURANCE COMPANY........................... INDIANA....................................................................... .......YRT/I.............. ...................1,738,513 ........................10,265 ........................28,463 .............................425 ..................................... .....................................<br />
78611............. 73-1350270....... .......12/31/1997 HCSC INSURANCE SERVICES COMPANY............. ILLINOIS....................................................................... .......CO/G.............. ......................241,851 ......................181,388 ..................................... ..................................... ..................................... .....................................<br />
71768............. 54-1637426....... .......04/01/1993 HM HEALTH INSURANCE COMPANY...................... PENNSYLVANIA.......................................................... .......YRT/G............ ..................................... .............................625 ..................................... ..................................... ..................................... .....................................<br />
93440............. 06-1041332....... .......08/01/1994 HM LIFE INSURANCE COMPANY............................. PENNSYLVANIA.......................................................... .......CO/G.............. .................14,145,300 ......................885,777 ..................................... ..................................... ..................................... .....................................<br />
93440............. 06-1041332....... .......01/01/2000 HM LIFE INSURANCE COMPANY............................. PENNSYLVANIA.......................................................... .......YRT/G............ ......................235,900 ......................141,541 ..................................... ..................................... ..................................... .....................................<br />
60213............. 25-1800302....... .......01/01/2000 HM LIFE INSURANCE COMPANY OF NEW YORK.. NEW YORK.................................................................. .......YRT/G............ ......................395,000 ........................31,761 ..................................... ..................................... ..................................... .....................................<br />
64513............. 37-0726637....... .......07/01/1997 HORACE MANN LIFE INSURANCE COMPANY....... ILLINOIS....................................................................... .......ADB/I.............. ..................................... ..........................5,616 .............................875 .............................514 ..................................... .....................................<br />
64513............. 37-0726637....... .......11/20/1989 HORACE MANN LIFE INSURANCE COMPANY....... ILLINOIS....................................................................... .......CO/I................ .................10,834,161 ........................18,172 ........................39,103 ..........................2,651 ..................................... .....................................<br />
64513............. 37-0726637....... .......07/01/1997 HORACE MANN LIFE INSURANCE COMPANY....... ILLINOIS....................................................................... .......DIS/I............... ..................................... ......................202,784 ........................54,310 ........................21,610 ..................................... .....................................<br />
64513............. 37-0726637....... .......07/01/1997 HORACE MANN LIFE INSURANCE COMPANY....... ILLINOIS....................................................................... .......YRT/I.............. ...............167,985,051 ......................395,084 ......................532,082 ........................40,775 ..................................... .....................................<br />
73288............. 39-1263473....... .......01/01/1988 HUMANA INSURANCE COMPANY, INC................... WISCONSIN................................................................. .......YRT/G............ ..................................... ........................59,090 ..................................... ..................................... ..................................... .....................................<br />
64580............. 37-0344290....... .......08/01/1980 ILLINOIS MUTUAL LIFE INSURANCE COMPANY... ILLINOIS....................................................................... .......CO/I................ ......................865,000 ..........................4,180 ........................10,670 .............................212 ..................................... .....................................<br />
64580............. 37-0344290....... .......04/01/1986 ILLINOIS MUTUAL LIFE INSURANCE COMPANY... ILLINOIS....................................................................... .......YRT/I.............. .................37,092,743 ......................260,379 ......................320,979 ......................469,993 ..................................... .....................................<br />
58068............. 98-0000680....... .......01/01/1979 INDEPENDENT ORDER OF FORESTERS............... CANADA...................................................................... .......DIS/I............... ..................................... ........................11,826 ..................................... ..........................4,090 ..................................... .....................................<br />
00000............. AA-1560537....... .......05/20/1991 INDUSTRIAL ALLIANCE INS & FIN SERV INC......... CANADA...................................................................... .......CO/I................ ...................8,082,661 ......................172,408 ..........................4,358 ..........................1,978 ..................................... .....................................<br />
80942............. 41-0991508....... .......08/01/1988 ING USA ANNUITY AND LIFE INS COMPANY......... IOWA............................................................................ .......DIS/I............... ..................................... ..........................4,433 ..........................4,368 ..........................8,409 ..................................... .....................................<br />
80942............. 41-0991508....... .......01/01/1990 ING USA ANNUITY AND LIFE INS COMPANY......... IOWA............................................................................ .......YRT/I.............. .................46,631,688 ......................338,223 ......................558,087 ........................11,411 ..................................... .....................................<br />
64904............. 61-0574893....... .......01/01/2001 INVESTORS HERITAGE LIFE INS COMPANY......... KENTUCKY.................................................................. .......ADB/I.............. ..................................... ..........................1,084 .............................625 .............................135 ..................................... .....................................<br />
64904............. 61-0574893....... .......01/01/2001 INVESTORS HERITAGE LIFE INS COMPANY......... KENTUCKY.................................................................. .......CO/I................ .................48,535,470 ......................484,461 ......................171,807 ........................11,876 ..................................... .....................................<br />
64904............. 61-0574893....... .......12/01/1985 INVESTORS HERITAGE LIFE INS COMPANY......... KENTUCKY.................................................................. .......YRT/I.............. .................19,893,234 ......................126,377 ......................202,375 ..........................4,857 ..................................... .....................................<br />
63487............. 23-1632193....... .......09/01/1982 INVESTORS LIFE INS CO OF NORTH AMERICA.... TEXAS.......................................................................... .......DIS/I............... ..................................... ..........................5,261 .............................217 .............................298 ..................................... .....................................<br />
63487............. 23-1632193....... .......09/01/1982 INVESTORS LIFE INS CO OF NORTH AMERICA.... TEXAS.......................................................................... .......YRT/I.............. ...................3,950,339 ........................33,232 ........................47,582 .............................966 ..................................... .....................................<br />
65056............. 38-1659835....... .......01/01/1990 JACKSON NATIONAL LIFE INSURANCE COMPANYMICHIGAN................................................................... .......ADB/I.............. ..................................... .............................288 ..........................7,859 ...............................25 ..................................... .....................................<br />
65056............. 38-1659835....... .......03/01/1999 JACKSON NATIONAL LIFE INSURANCE COMPANYMICHIGAN................................................................... .......CO/I................ ............3,721,676,180 .................85,653,361 ...................6,396,081 ...................2,084,080 ..................................... .....................................<br />
65056............. 38-1659835....... .......03/01/1999 JACKSON NATIONAL LIFE INSURANCE COMPANYMICHIGAN................................................................... .......DIS/I............... ..................................... ......................226,046 ........................20,350 ..........................7,851 ..................................... .....................................<br />
65056............. 38-1659835....... .......03/01/1999 JACKSON NATIONAL LIFE INSURANCE COMPANYMICHIGAN................................................................... .......YRT/I.............. ...............215,487,161 ...................1,481,401 ...................2,653,881 ......................392,723 ..................................... .....................................<br />
65080............. 41-0999752....... .......06/16/1988 JOHN ALDEN LIFE INSURANCE COMPANY........... WISCONSIN................................................................. .......ADB/I.............. ..................................... .............................279 .............................620 ...............................24 ..................................... .....................................<br />
65080............. 41-0999752....... .......03/01/1993 JOHN ALDEN LIFE INSURANCE COMPANY........... WISCONSIN................................................................. .......CO/I................ ...................8,638,692 ........................86,334 ........................20,597 ..........................2,114 ..................................... .....................................<br />
65080............. 41-0999752....... .......03/01/1993 JOHN ALDEN LIFE INSURANCE COMPANY........... WISCONSIN................................................................. .......DIS/I............... ..................................... ..........................6,935 ..................................... ..................................... ..................................... .....................................<br />
65080............. 41-0999752....... .......06/16/1988 JOHN ALDEN LIFE INSURANCE COMPANY........... WISCONSIN................................................................. .......YRT/I.............. ...............196,594,893 ...................1,425,928 ...................1,976,113 ...................1,604,142 ..................................... .....................................<br />
93610............. 13-3072894....... .......11/01/1998 JOHN HANCOCK LIFE & HEALTH INS COMPANY.. DELAWARE................................................................. .......CO/I................ ...............991,806,676 ...................9,911,998 ...................1,657,210 ...................2,042,671 ..................................... .....................................<br />
93610............. 13-3072894....... .......11/01/1998 JOHN HANCOCK LIFE & HEALTH INS COMPANY.. DELAWARE................................................................. .......DIS/I............... ..................................... ........................59,903 ..........................5,758 ..................................... ..................................... .....................................
40.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
....................... ........................... .......11/15/2000 JOHN HANCOCK LIFE ASSUR COMPANY LIMITED SINGAPORE................................................................ .......ADB/I.............. .................41,331,574 ........................59,227 ........................21,359 ..........................4,365 ..................................... .....................................<br />
86375............. 13-3646501....... .......02/05/2001 JOHN HANCOCK LIFE INS CO OF NEW YORK....... NEW YORK.................................................................. .......CO/I................ ...............420,086,025 ...................9,013,724 ......................714,091 ......................103,393 ..................................... .....................................<br />
86375............. 13-3646501....... .......06/15/2001 JOHN HANCOCK LIFE INS CO OF NEW YORK....... NEW YORK.................................................................. .......YRT/I.............. .................31,821,478 ......................212,777 ........................56,850 ..........................7,178 ..................................... .....................................<br />
65838............. 01-0233346....... .......01/01/1999 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)....... MICHIGAN................................................................... .......ADB/I.............. ..................................... .............................884 .............................662 .............................106 ..................................... .....................................<br />
65838............. 01-0233346....... .......01/22/2002 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)....... MICHIGAN................................................................... .......CO/I................ ............8,709,652,821 .................93,111,547 .................18,358,275 .................10,642,230 ..................................... .....................................<br />
65838............. 01-0233346....... .......01/22/2002 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)....... MICHIGAN................................................................... .......DIS/I............... ..................................... ......................621,602 ......................120,279 ..................................... ..................................... .....................................<br />
65838............. 01-0233346....... .......01/22/2002 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)....... MICHIGAN................................................................... .......YRT/I.............. ............4,905,960,860 ...................6,835,890 .................41,125,015 .................15,079,706 ..................................... .....................................<br />
65099............. 04-1414660....... .......02/01/1995 JOHN HANCOCK LIFE INSURANCE COMPANY..... MASSACHUSETTS..................................................... .......ADB/I.............. ..................................... ........................18,579 ..........................8,040 ..........................2,027 ..................................... .....................................<br />
65099............. 04-1414660....... .......01/01/2001 JOHN HANCOCK LIFE INSURANCE COMPANY..... MASSACHUSETTS..................................................... .......CO/I................ ............2,906,458,321 .................16,468,228 ...................8,428,370 ...................1,563,951 ..................................... .....................................<br />
65099............. 04-1414660....... .......01/01/2001 JOHN HANCOCK LIFE INSURANCE COMPANY..... MASSACHUSETTS..................................................... .......DIS/I............... ..................................... ...................1,433,079 ......................252,321 ........................84,333 ..................................... .....................................<br />
65099............. 04-1414660....... .......04/01/1961 JOHN HANCOCK LIFE INSURANCE COMPANY..... MASSACHUSETTS..................................................... .......MCO/I............. .................16,346,966 ..................................... ......................217,904 ..........................4,000 ...................4,222,424 .....................................<br />
65099............. 04-1414660....... .......01/01/2001 JOHN HANCOCK LIFE INSURANCE COMPANY..... MASSACHUSETTS..................................................... .......YRT/I.............. ...............357,624,234 ...................2,909,967 ...................2,406,248 ......................102,208 ..................................... .....................................<br />
90204............. 04-2664016....... .......02/01/1995 JOHN HANCOCK VARIABLE LIFE INS COMPANY.. MASSACHUSETTS..................................................... .......ADB/I.............. ..................................... ..........................1,099 .............................771 .............................144 ..................................... .....................................<br />
90204............. 04-2664016....... .......01/01/2001 JOHN HANCOCK VARIABLE LIFE INS COMPANY.. MASSACHUSETTS..................................................... .......CO/I................ ...............686,207,248 .................12,854,091 ...................2,216,061 ......................367,208 ..................................... .....................................<br />
90204............. 04-2664016....... .......01/01/2001 JOHN HANCOCK VARIABLE LIFE INS COMPANY.. MASSACHUSETTS..................................................... .......DIS/I............... ..................................... ......................119,619 ......................111,687 ..........................1,532 ..................................... .....................................<br />
90204............. 04-2664016....... .......01/01/2001 JOHN HANCOCK VARIABLE LIFE INS COMPANY.. MASSACHUSETTS..................................................... .......YRT/I.............. ............1,421,085,975 ...................9,324,630 ...................5,487,927 ......................345,012 ..................................... .....................................<br />
65110............. 57-0380426....... .......03/25/1966 KANAWHA INSURANCE COMPANY......................... SOUTH CAROLINA..................................................... .......ADB/I.............. ..................................... .............................992 ............................(245) ...............................81 ..................................... .....................................<br />
65110............. 57-0380426....... .......08/07/1989 KANAWHA INSURANCE COMPANY......................... SOUTH CAROLINA..................................................... .......CO/I................ .................32,146,056 ......................151,001 ......................158,299 ..........................7,866 ..................................... .....................................<br />
65110............. 57-0380426....... .......01/01/1986 KANAWHA INSURANCE COMPANY......................... SOUTH CAROLINA..................................................... .......DIS/I............... ..................................... ........................71,340 ..........................2,063 ........................14,484 ..................................... .....................................<br />
65110............. 57-0380426....... .......12/01/1985 KANAWHA INSURANCE COMPANY......................... SOUTH CAROLINA..................................................... .......YRT/G............ ..................................... ..........................7,482 ..................................... ..................................... ..................................... .....................................<br />
65110............. 57-0380426....... .......01/01/1986 KANAWHA INSURANCE COMPANY......................... SOUTH CAROLINA..................................................... .......YRT/I.............. ...................1,776,198 ........................30,393 ........................40,771 ..........................8,994 ..................................... .....................................<br />
65129............. 44-0308260....... .......04/01/1999 KANSAS CITY LIFE INSURANCE COMPANY.......... MISSOURI.................................................................... .......CO/I................ ...............445,146,739 ...................4,696,779 ......................779,432 ......................195,017 ..................................... .....................................<br />
65129............. 44-0308260....... .......01/15/2001 KANSAS CITY LIFE INSURANCE COMPANY.......... MISSOURI.................................................................... .......DIS/I............... ..................................... ........................59,756 ........................19,560 ...............................35 ..................................... .....................................<br />
65129............. 44-0308260....... .......01/15/2001 KANSAS CITY LIFE INSURANCE COMPANY.......... MISSOURI.................................................................... .......YRT/I.............. .................97,937,494 ......................530,339 ......................571,632 ......................146,228 ..................................... .....................................<br />
65242............. 35-0457540....... .......01/11/1940 LAFAYETTE LIFE INSURANCE COMPANY............. INDIANA....................................................................... .......ADB/I.............. ..................................... .............................268 ..................................... ...............................23 ..................................... .....................................<br />
65242............. 35-0457540....... .......01/01/2000 LAFAYETTE LIFE INSURANCE COMPANY............. INDIANA....................................................................... .......CO/I................ ...............514,078,937 ...................5,137,644 ......................865,902 ......................125,782 ..................................... .....................................<br />
65242............. 35-0457540....... .......01/01/2000 LAFAYETTE LIFE INSURANCE COMPANY............. INDIANA....................................................................... .......DIS/I............... ..................................... ......................856,082 ........................98,486 ........................18,513 ..................................... .....................................<br />
65242............. 35-0457540....... .......12/19/1990 LAFAYETTE LIFE INSURANCE COMPANY............. INDIANA....................................................................... .......YRT/I.............. ...............352,162,314 ...................2,554,280 ...................1,410,146 ......................283,094 ..................................... .....................................<br />
65315............. 04-6076039....... .......01/19/1998 LIBERTY LIFE ASSURANCE COMPANY OF BOSTONMASSACHUSETTS..................................................... .......ADB/I.............. ..................................... .............................162 ...............................24 ...............................14 ..................................... .....................................<br />
65315............. 04-6076039....... .......01/19/1998 LIBERTY LIFE ASSURANCE COMPANY OF BOSTONMASSACHUSETTS..................................................... .......YRT/I.............. ...............148,380,744 ...................1,076,225 ......................171,684 ........................36,305 ..................................... .....................................<br />
61492............. 44-0188050....... .......08/01/2001 LIBERTY LIFE INSURANCE COMPANY................... SOUTH CAROLINA..................................................... .......CO/I................ ...............955,025,444 .................25,476,024 ...................3,904,021 ...................1,038,722 ..................................... .....................................<br />
61492............. 44-0188050....... .......08/01/2001 LIBERTY LIFE INSURANCE COMPANY................... SOUTH CAROLINA..................................................... .......DIS/I............... ..................................... ......................187,986 ........................38,568 ........................45,175 ..................................... .....................................<br />
61492............. 44-0188050....... .......04/02/2001 LIBERTY LIFE INSURANCE COMPANY................... SOUTH CAROLINA..................................................... .......YRT/I.............. ...............421,631,945 ...................3,768,339 ...................2,495,103 ......................126,074 ..................................... .....................................<br />
65331............. 63-0124600....... .......01/01/1971 LIBERTY NATIONAL LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......ADB/I.............. ..................................... ..........................1,394 ..........................1,521 .............................620 ..................................... .....................................<br />
65331............. 63-0124600....... .......09/01/1989 LIBERTY NATIONAL LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......CO/I................ .................38,228,000 .................16,892,743 ......................350,791 ..........................8,436 ..................................... .....................................<br />
65331............. 63-0124600....... .......04/01/1984 LIBERTY NATIONAL LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......DIS/I............... ..................................... ........................51,377 ........................13,851 .............................515 ..................................... .....................................<br />
65331............. 63-0124600....... .......04/01/1984 LIBERTY NATIONAL LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......YRT/I.............. .................90,505,374 ......................254,455 ......................379,572 ........................22,052 ..................................... .....................................<br />
65412............. 63-0321291....... .......07/07/1971 LIFE INSURANCE COMPANY OF ALABAMA........... ALABAMA.................................................................... .......ADB/I.............. ..................................... ..........................1,991 ........................26,159 ..........................9,996 ..................................... .....................................<br />
65412............. 63-0321291....... .......01/01/1982 LIFE INSURANCE COMPANY OF ALABAMA........... ALABAMA.................................................................... .......CO/I................ ......................750,000 ......................221,693 ........................33,319 .............................184 ..................................... .....................................<br />
65412............. 63-0321291....... .......01/01/1982 LIFE INSURANCE COMPANY OF ALABAMA........... ALABAMA.................................................................... .......DIS/I............... ..................................... ........................65,105 .............................261 ........................10,812 ..................................... .....................................<br />
65412............. 63-0321291....... .......02/01/1985 LIFE INSURANCE COMPANY OF ALABAMA........... ALABAMA.................................................................... .......YRT/I.............. ...................3,403,467 ........................76,321 ........................56,219 .............................802 ..................................... .....................................<br />
65528............. 75-0953004....... .......01/01/1999 LIFE INSURANCE COMPANY OF THE SOUTHWESTTEXAS.......................................................................... .......CO/I................ ...............839,310,751 .................15,562,297 ...................2,616,775 ...................1,442,405 ..................................... .....................................<br />
65528............. 75-0953004....... .......01/01/1983 LIFE INSURANCE COMPANY OF THE SOUTHWESTTEXAS.......................................................................... .......DIS/I............... ..................................... ...............................41 ..................................... ..................................... ..................................... .....................................<br />
65528............. 75-0953004....... .......01/01/1999 LIFE INSURANCE COMPANY OF THE SOUTHWESTTEXAS.......................................................................... .......YRT/I.............. .................12,093,832 ........................87,717 ......................149,640 ........................55,106 ..................................... .....................................<br />
65595............. 47-0221457....... .......03/01/2001 LINCOLN BENEFIT LIFE COMPANY......................... NEBRASKA.................................................................. .......CO/I................ ............3,356,201,343 .................16,974,285 ...................7,794,130 ...................1,913,166 ..................................... .....................................<br />
65595............. 47-0221457....... .......06/01/1988 LINCOLN BENEFIT LIFE COMPANY......................... NEBRASKA.................................................................. .......DIS/I............... ..................................... ..........................2,044 ..................................... ..................................... ..................................... .....................................<br />
65595............. 47-0221457....... .......05/01/1999 LINCOLN BENEFIT LIFE COMPANY......................... NEBRASKA.................................................................. .......YRT/I.............. ...............284,097,661 ...................2,060,598 ...................1,512,067 ........................69,512 ..................................... .....................................<br />
69833............. 75-2547834....... .......04/17/1967 LINCOLN MEMORIAL LIFE INSURANCE COMPANY TEXAS.......................................................................... .......ADB/I.............. ..................................... ..........................1,915 ..........................2,089 .............................856 ..................................... .....................................<br />
69833............. 75-2547834....... .......12/01/1980 LINCOLN MEMORIAL LIFE INSURANCE COMPANY TEXAS.......................................................................... .......CO/I................ ......................733,000 ..........................3,948 ........................10,114 .............................179 ..................................... .....................................<br />
69833............. 75-2547834....... .......04/17/1967 LINCOLN MEMORIAL LIFE INSURANCE COMPANY TEXAS.......................................................................... .......YRT/I.............. ........................43,447 ..........................1,220 ..........................1,193 ...............................11 ..................................... .....................................
40.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
93580............. 84-0849721....... .......08/01/2002 M LIFE INSURANCE COMPANY................................ COLORADO................................................................. .......YRT/I.............. ............1,234,263,449 ..................................... ...................3,190,991 ..................................... ...................7,071,141 .....................................<br />
93580............. 84-0849721....... .......07/01/1991 M LIFE INSURANCE COMPANY................................ COLORADO................................................................. .......DIS/I............... ..................................... ..........................1,641 ..............................(89) ..................................... ..................................... .....................................<br />
93580............. 84-0849721....... .......01/01/2001 M LIFE INSURANCE COMPANY................................ COLORADO................................................................. .......YRT/I.............. ............5,445,027,503 .................16,113,302 .................12,618,069 ...................7,381,777 ..................................... .....................................<br />
65781............. 39-0990296....... .......12/01/1988 MADISON NATIONAL LIFE INSURANCE COMPANY WISCONSIN................................................................. .......CO/I................ .................12,717,932 ......................124,132 ........................69,271 ..........................3,112 ..................................... .....................................<br />
65781............. 39-0990296....... .......10/01/1989 MADISON NATIONAL LIFE INSURANCE COMPANY WISCONSIN................................................................. .......DIS/I............... ..................................... ......................478,856 .............................536 ..................................... ..................................... .....................................<br />
65781............. 39-0990296....... .......10/01/1989 MADISON NATIONAL LIFE INSURANCE COMPANY WISCONSIN................................................................. .......YRT/I.............. .................23,310,501 ......................268,646 ......................501,377 ..........................5,704 ..................................... .....................................<br />
65781............. 39-0990296....... .......06/07/1966 MADISON NATIONAL LIFE INSURANCE COMPANY WISCONSIN................................................................. .......YRT/G............ ..................................... ..........................5,882 ..................................... ..................................... ..................................... .....................................<br />
61018............. 57-6037491....... .......07/15/1987 MAGNA INSURANCE COMPANY.............................. MISSISSIPPI................................................................ .......CO/G.............. ..................................... ........................10,377 ........................11,239 ........................25,339 ..................................... .....................................<br />
61018............. 57-6037491....... .......10/15/1996 MAGNA INSURANCE COMPANY.............................. MISSISSIPPI................................................................ .......CO/I................ ......................272,780 ..........................2,726 ..........................1,655 ...............................67 ..................................... .....................................<br />
65870............. 13-1004640....... .......07/02/1956 MANHATTAN LIFE INSURANCE COMPANY............ NEW YORK.................................................................. .......ADB/I.............. ..................................... ..................................... ................................(2) ..................................... ..................................... .....................................<br />
65870............. 13-1004640....... .......07/02/1956 MANHATTAN LIFE INSURANCE COMPANY............ NEW YORK.................................................................. .......DIS/I............... ..................................... .............................184 ............................(302) ..................................... ..................................... .....................................<br />
65870............. 13-1004640....... .......05/01/1988 MANHATTAN LIFE INSURANCE COMPANY............ NEW YORK.................................................................. .......YRT/I.............. ...................5,479,525 ........................43,609 ........................84,382 ..........................1,341 ..................................... .....................................<br />
67083............. 45-0252531....... .......06/01/1990 MANHATTAN NATIONAL LIFE INS COMPANY........ ILLINOIS....................................................................... .......CO/I................ .................11,240,885 ......................111,849 ........................44,871 ..........................2,736 ..................................... .....................................<br />
67083............. 45-0252531....... .......03/01/1993 MANHATTAN NATIONAL LIFE INS COMPANY........ ILLINOIS....................................................................... .......DIS/I............... ..................................... ..........................2,704 .............................308 ..........................2,715 ..................................... .....................................<br />
67083............. 45-0252531....... .......03/01/1993 MANHATTAN NATIONAL LIFE INS COMPANY........ ILLINOIS....................................................................... .......YRT/I.............. ...................7,905,315 ........................57,735 ........................49,702 ..........................1,934 ..................................... .....................................<br />
65935............. 04-1590850....... .......12/01/1964 MASSACHUSETTS MUTUAL LIFE INS COMPANY. MASSACHUSETTS..................................................... .......DIS/I............... ..................................... .............................443 ..............................(19) ..................................... ..................................... .....................................<br />
65935............. 04-1590850....... .......06/01/1937 MASSACHUSETTS MUTUAL LIFE INS COMPANY. MASSACHUSETTS..................................................... .......MCO/I............. .................34,314,014 .................................1 ......................512,302 ......................495,706 .................22,084,762 .....................................<br />
65935............. 04-1590850....... .......09/01/2001 MASSACHUSETTS MUTUAL LIFE INS COMPANY. MASSACHUSETTS..................................................... .......YRT/I.............. ............3,002,589,416 .................17,270,680 .................12,112,676 ...................2,422,727 ..................................... .....................................<br />
79022............. 91-1325756....... .......06/02/1986 MERRILL LYNCH LIFE INSURANCE COMPANY..... ARKANSAS.................................................................. .......YRT/I.............. ...............134,291,370 ......................974,031 ...................3,336,085 ......................456,119 ..................................... .....................................<br />
87726............. 06-0566090....... .......12/01/1978 METLIFE INSURANCE COMPANY OF CONNECTICUTCONNECTICUT........................................................... .......ADB/I.............. ..................................... .................................4 ..................................... ..................................... ..................................... .....................................<br />
87726............. 06-0566090....... .......08/01/1981 METLIFE INSURANCE COMPANY OF CONNECTICUTCONNECTICUT........................................................... .......CO/I................ ......................305,398 ..........................3,053 ........................15,083 ...............................75 ..................................... .....................................<br />
87726............. 06-0566090....... .......12/01/1978 METLIFE INSURANCE COMPANY OF CONNECTICUTCONNECTICUT........................................................... .......DIS/I............... ..................................... .............................100 .............................165 ..................................... ..................................... .....................................<br />
87726............. 06-0566090....... .......12/01/1978 METLIFE INSURANCE COMPANY OF CONNECTICUTCONNECTICUT........................................................... .......YRT/I.............. ...................3,506,282 ........................25,431 ........................85,335 .............................858 ..................................... .....................................<br />
65978............. 13-5581829....... .......03/01/2000 METROPOLITAN LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......CO/I................ ...............835,323,008 ...................8,656,798 ...................1,778,909 ......................204,383 ..................................... .....................................<br />
65978............. 13-5581829....... .......04/01/1991 METROPOLITAN LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......DIS/I............... ..................................... ..........................8,407 .............................328 ........................10,968 ..................................... .....................................<br />
65978............. 13-5581829....... .......07/01/1998 METROPOLITAN LIFE INSURANCE COMPANY...... NEW YORK.................................................................. .......YRT/I.............. ............7,746,609,537 .................63,891,117 .................51,744,359 .................13,447,234 ..................................... .....................................<br />
97136............. 13-3114906....... .......01/01/1983 METROPOLITAN TOWER LIFE INS COMPANY...... DELAWARE................................................................. .......YRT/I.............. .................19,167,208 ......................139,023 ......................133,333 ..........................4,689 ..................................... .....................................<br />
66044............. 46-0164570....... .......08/01/1997 MIDLAND NATIONAL LIFE INSURANCE COMPANY IOWA............................................................................ .......ADB/I.............. ..................................... ..........................5,832 ........................18,697 .............................530 ..................................... .....................................<br />
66044............. 46-0164570....... .......08/01/1997 MIDLAND NATIONAL LIFE INSURANCE COMPANY IOWA............................................................................ .......CO/I................ ............1,695,498,835 .................20,656,177 ...................3,295,191 ...................1,219,790 ..................................... .....................................<br />
66044............. 46-0164570....... .......01/08/2001 MIDLAND NATIONAL LIFE INSURANCE COMPANY IOWA............................................................................ .......DIS/I............... ..................................... ......................779,071 ........................46,105 ..........................4,240 ..................................... .....................................<br />
66044............. 46-0164570....... .......01/08/2001 MIDLAND NATIONAL LIFE INSURANCE COMPANY IOWA............................................................................ .......YRT/I.............. ............2,082,516,068 ...................7,522,648 ...................8,687,080 ...................4,693,656 ..................................... .....................................<br />
66044............. 46-0164570....... .......01/01/1977 MIDLAND NATIONAL LIFE INSURANCE COMPANY IOWA............................................................................ .......CO/G.............. ...............330,675,000 ......................563,446 ...................1,918,716 ......................336,622 ..................................... .....................................<br />
66109............. 35-0838945....... .......11/15/1962 MIDWESTERN UNITED LIFE INSURANCE COMPANYINDIANA....................................................................... .......ADB/I.............. ..................................... ..................................... ..............................(16) ..................................... ..................................... .....................................<br />
66109............. 35-0838945....... .......01/01/1984 MIDWESTERN UNITED LIFE INSURANCE COMPANYINDIANA....................................................................... .......YRT/I.............. ......................990,730 ..................................... .......................(23,231) ..................................... ..................................... .....................................<br />
66168............. 41-0417830....... .......02/01/1982 MINNESOTA LIFE INSURANCE COMPANY............. MINNESOTA................................................................ .......CO/I................ ..................................... ..........................7,999 ..................................... ...............................91 ..................................... .....................................<br />
66168............. 41-0417830....... .......09/01/1986 MINNESOTA LIFE INSURANCE COMPANY............. MINNESOTA................................................................ .......DIS/I............... ..................................... ......................121,067 ..................................... ..........................2,336 ..................................... .....................................<br />
66168............. 41-0417830....... .......02/01/1988 MINNESOTA LIFE INSURANCE COMPANY............. MINNESOTA................................................................ .......YRT/I.............. ...............105,545,865 ......................762,818 ...................1,881,913 ......................127,147 ..................................... .....................................<br />
82848............. 16-1020455....... .......04/01/1986 ML LIFE INSURANCE COMPANY OF NEW YORK.. NEW YORK.................................................................. .......YRT/I.............. ...................9,054,111 ........................65,672 ......................295,699 ........................23,287 ..................................... .....................................<br />
70416............. 43-0581430....... .......07/24/1995 MML BAY STATE LIFE INSURANCE COMPANY..... CONNECTICUT........................................................... .......YRT/I.............. ...............850,992,422 ...................3,237,340 ...................1,808,505 ......................501,401 ..................................... .....................................<br />
57541............. 36-1493430....... .......10/01/1988 MODERN WOODMEN OF AMERICA........................ ILLINOIS....................................................................... .......DIS/I............... ..................................... ......................109,725 ........................11,320 ..........................7,169 ..................................... .....................................<br />
57541............. 36-1493430....... .......10/01/1988 MODERN WOODMEN OF AMERICA........................ ILLINOIS....................................................................... .......YRT/I.............. .................46,642,177 ......................338,303 ......................322,643 ......................118,345 ..................................... .....................................<br />
66265............. 04-1630650....... .......04/01/1986 MONARCH LIFE INSURANCE COMPANY................ MASSACHUSETTS..................................................... .......YRT/I.............. .................10,406,154 ........................75,477 ......................273,706 ........................42,180 ..................................... .....................................<br />
66281............. 52-0419790....... .......01/01/1976 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......ADB/I.............. ..................................... .............................566 ..........................1,061 .............................159 ..........................1,556 .....................................<br />
66281............. 52-0419790....... .......06/01/1977 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......CO/I................ ......................210,000 ..........................8,294 ........................12,924 ...............................51 ..................................... .....................................<br />
66281............. 52-0419790....... .......05/01/1996 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......DIS/I............... ..................................... ......................179,457 ..........................4,962 ........................73,386 ..................................... .....................................<br />
66281............. 52-0419790....... .......01/01/1976 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......MCO/I............. ...................4,121,062 ..................................... ........................65,280 ........................11,106 ......................273,044 .....................................<br />
66281............. 52-0419790....... .......02/01/1994 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......OTH/I.............. ........................65,161 ..................................... ........................16,583 ..........................3,389 ..................................... .....................................<br />
66281............. 52-0419790....... .......10/01/1978 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......YRT/G............ ..................................... ........................40,085 ..................................... ..................................... ..................................... .....................................<br />
66281............. 52-0419790....... .......04/01/2001 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......YRT/I.............. ...............230,014,242 ...................1,450,655 ......................684,396 ........................48,912 ..................................... .....................................<br />
66281............. 52-0419790....... .......01/01/1995 MONUMENTAL LIFE INSURANCE COMPANY........ IOWA............................................................................ .......CO/G.............. .................25,065,000 ..................................... ......................145,194 ........................32,188 ..................................... .....................................<br />
66370............. 13-1632487....... .......01/01/1983 MONY LIFE INSURANCE COMPANY........................ NEW YORK.................................................................. .......ADB/I.............. ..................................... ...............................66 ..................................... .................................6 ..................................... .....................................
40.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
66370............. 13-1632487....... .......07/31/2000 MONY LIFE INSURANCE COMPANY........................ NEW YORK.................................................................. .......CO/I................ ............1,256,770,749 .................11,895,996 ...................2,373,215 ......................657,501 ..................................... .....................................<br />
66370............. 13-1632487....... .......01/01/1983 MONY LIFE INSURANCE COMPANY........................ NEW YORK.................................................................. .......DIS/I............... ..................................... ..........................1,533 ..................................... ..................................... ..................................... .....................................<br />
66370............. 13-1632487....... .......11/17/1942 MONY LIFE INSURANCE COMPANY........................ NEW YORK.................................................................. .......MCO/I............. .................11,891,529 ..................................... ......................559,447 ......................638,818 ...................7,245,968 .....................................<br />
66370............. 13-1632487....... .......07/31/2000 MONY LIFE INSURANCE COMPANY........................ NEW YORK.................................................................. .......YRT/I.............. ...............185,217,468 ...................3,378,358 ...................2,299,797 ......................540,297 ..................................... .....................................<br />
78077............. 86-0222062....... .......10/28/1979 MONY LIFE INSURANCE COMPANY OF AMERICA ARIZONA..................................................................... .......ADB/I.............. ..................................... ...............................47 ..................................... .................................4 ..................................... .....................................<br />
78077............. 86-0222062....... .......07/31/2000 MONY LIFE INSURANCE COMPANY OF AMERICA ARIZONA..................................................................... .......CO/I................ ............7,945,233,251 ...............113,820,071 .................15,038,545 ...................7,616,474 ..................................... .....................................<br />
78077............. 86-0222062....... .......10/28/1979 MONY LIFE INSURANCE COMPANY OF AMERICA ARIZONA..................................................................... .......DIS/I............... ..................................... ..........................1,074 ..................................... ..................................... ..................................... .....................................<br />
78077............. 86-0222062....... .......07/31/2000 MONY LIFE INSURANCE COMPANY OF AMERICA ARIZONA..................................................................... .......YRT/I.............. ...............219,483,236 ...................1,036,756 ...................1,852,098 ...................1,098,167 ..................................... .....................................<br />
66427............. 36-1516780....... .......12/17/1992 MTL INSURANCE COMPANY.................................... ILLINOIS....................................................................... .......ADB/I.............. ..................................... ...............................77 ..................................... .................................7 ..................................... .....................................<br />
66427............. 36-1516780....... .......12/17/1992 MTL INSURANCE COMPANY.................................... ILLINOIS....................................................................... .......DIS/I............... ..................................... ......................135,464 ........................45,345 ........................72,312 ..................................... .....................................<br />
66427............. 36-1516780....... .......12/17/1992 MTL INSURANCE COMPANY.................................... ILLINOIS....................................................................... .......YRT/I.............. .................80,183,346 ......................758,221 ......................580,152 ........................19,620 ..................................... .....................................<br />
66346............. 58-0828824....... .......11/03/1988 MUNICH AMERICAN REASSURANCE COMPANY.. GEORGIA..................................................................... .......YRT/I.............. ......................171,555 ..........................1,245 ..........................1,297 ...............................42 ..................................... .....................................<br />
61409............. 23-1618791....... .......09/30/1979 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......OTH/1............. ...................3,328,230 ..................................... ..................................... ..................................... ..................................... .....................................<br />
61409............. 23-1618791....... .......03/31/1980 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......OTH/1............. ...................4,992,345 ..................................... ..................................... ..................................... ..................................... .....................................<br />
61409............. 23-1618791....... .......01/01/1976 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......ACO/I............. ..................................... .................10,572,421 .......................(16,619) ..................................... ..................................... .....................................<br />
61409............. 23-1618791....... .......10/01/1976 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......ADB/I.............. ..................................... .............................143 ...............................46 ...............................30 .............................304 .....................................<br />
61409............. 23-1618791....... .......01/01/1984 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......DIS/I............... ..................................... ........................63,010 .............................804 ........................67,587 .............................312 .....................................<br />
61409............. 23-1618791....... .......05/01/1982 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......MCO/I............. ...................9,122,211 ..................................... ......................151,359 ..........................2,086 ...................1,983,433 .....................................<br />
61409............. 23-1618791....... .......10/01/1985 NATIONAL BENEFIT LIFE INSURANCE COMPANY NEW YORK.................................................................. .......YRT/I.............. ...................3,124,472 ........................55,471 ......................141,354 .............................752 ..................................... .....................................<br />
66532............. 75-0708826....... .......06/01/1988 NATIONAL FARM LIFE INSURANCE COMPANY..... TEXAS.......................................................................... .......ADB/I.............. ..................................... ...............................50 .............................508 .................................4 ..................................... .....................................<br />
66532............. 75-0708826....... .......06/01/1988 NATIONAL FARM LIFE INSURANCE COMPANY..... TEXAS.......................................................................... .......CO/I................ .................60,141,808 ......................601,049 ......................266,905 ........................14,715 ..................................... .....................................<br />
66532............. 75-0708826....... .......06/01/1988 NATIONAL FARM LIFE INSURANCE COMPANY..... TEXAS.......................................................................... .......DIS/I............... ..................................... ........................21,703 ........................16,429 .................................2 ..................................... .....................................<br />
66532............. 75-0708826....... .......06/01/1988 NATIONAL FARM LIFE INSURANCE COMPANY..... TEXAS.......................................................................... .......YRT/I.............. .................33,473,470 ......................242,787 ......................258,487 ..........................8,190 ..................................... .....................................<br />
66540............. 84-6024157....... .......02/01/1988 NATIONAL FARMERS UNION LIFE INS COMPANY TEXAS.......................................................................... .......CO/I................ ...................1,244,013 ........................12,432 ........................26,373 .............................305 ..................................... .....................................<br />
66540............. 84-6024157....... .......05/01/1981 NATIONAL FARMERS UNION LIFE INS COMPANY TEXAS.......................................................................... .......YRT/I.............. ...................2,009,857 ........................14,578 ..........................5,281 .............................492 ..................................... .....................................<br />
66583............. 39-0493780....... .......01/01/1986 NATIONAL GUARDIAN LIFE INSURANCE COMPANYWISCONSIN................................................................. .......ADB/I.............. ..................................... ...............................30 .............................172 .................................2 ..................................... .....................................<br />
66583............. 39-0493780....... .......01/01/1989 NATIONAL GUARDIAN LIFE INSURANCE COMPANYWISCONSIN................................................................. .......DIS/I............... ..................................... ..........................6,270 .............................615 ..........................1,491 ..................................... .....................................<br />
66583............. 39-0493780....... .......01/01/1996 NATIONAL GUARDIAN LIFE INSURANCE COMPANYWISCONSIN................................................................. .......YRT/I.............. .................23,016,421 ......................160,359 ......................120,204 ..........................5,630 ..................................... .....................................<br />
66680............. 03-0144090....... .......09/01/1996 NATIONAL LIFE INSURANCE COMPANY................ VERMONT................................................................... .......CO/I................ ............1,411,163,305 .................21,279,791 ...................2,435,551 ...................1,415,277 ..................................... .....................................<br />
66680............. 03-0144090....... .......10/01/1994 NATIONAL LIFE INSURANCE COMPANY................ VERMONT................................................................... .......DIS/I............... ..................................... ......................218,358 .........................(1,121) ...............................40 ..................................... .....................................<br />
66680............. 03-0144090....... .......04/01/1983 NATIONAL LIFE INSURANCE COMPANY................ VERMONT................................................................... .......MCO/I............. .................49,706,707 .................................1 ........................23,986 ......................116,323 .................20,669,831 .....................................<br />
66680............. 03-0144090....... .......10/01/1994 NATIONAL LIFE INSURANCE COMPANY................ VERMONT................................................................... .......YRT/I.............. ...............769,831,170 ...................5,755,226 ...................7,214,179 ...................3,387,643 ..................................... .....................................<br />
56073............. 39-0494090....... .......02/25/1985 NATIONAL MUTUAL BENEFIT................................... WISCONSIN................................................................. .......ADB/I.............. ..................................... ...............................78 .............................439 .................................7 ..................................... .....................................<br />
56073............. 39-0494090....... .......07/01/1988 NATIONAL MUTUAL BENEFIT................................... WISCONSIN................................................................. .......CO/I................ ......................115,000 ..........................2,618 ..........................1,857 ...............................28 ..................................... .....................................<br />
56073............. 39-0494090....... .......02/25/1985 NATIONAL MUTUAL BENEFIT................................... WISCONSIN................................................................. .......DIS/I............... ..................................... ..........................7,737 .............................355 .............................337 ..................................... .....................................<br />
56073............. 39-0494090....... .......02/25/1985 NATIONAL MUTUAL BENEFIT................................... WISCONSIN................................................................. .......YRT/I.............. .................55,515,878 ......................400,576 ......................350,134 ........................13,583 ..................................... .....................................<br />
70750............. 23-1619082....... .......09/06/1985 NATIONWIDE LIFE AND ANN CO OF AMERICA..... DELAWARE................................................................. .......YRT/I.............. ......................194,730 ..........................1,413 ..........................1,810 ...............................48 ..................................... .....................................<br />
92657............. 31-1000740....... .......01/01/1997 NATIONWIDE LIFE AND ANNUITY INS COMPANY. OHIO............................................................................ .......YRT/I.............. ...............291,893,184 ...................2,117,139 ...................1,176,713 ........................71,419 ..................................... .....................................<br />
68225............. 23-0990450....... .......01/01/1982 NATIONWIDE LIFE INS COMPANY OF AMERICA... PENNSYLVANIA.......................................................... .......ACO/G............ ..................................... .................46,892,967 ......................331,330 ........................36,250 ..................................... .....................................<br />
68225............. 23-0990450....... .......04/01/1981 NATIONWIDE LIFE INS COMPANY OF AMERICA... PENNSYLVANIA.......................................................... .......ADB/I.............. ..................................... ...............................68 ..................................... .................................6 ..................................... .....................................<br />
68225............. 23-0990450....... .......04/01/1981 NATIONWIDE LIFE INS COMPANY OF AMERICA... PENNSYLVANIA.......................................................... .......DIS/I............... ..................................... ......................555,186 ........................13,411 ......................200,356 .............................723 .....................................<br />
68225............. 23-0990450....... .......03/01/1968 NATIONWIDE LIFE INS COMPANY OF AMERICA... PENNSYLVANIA.......................................................... .......MCO/I............. ...................7,322,592 ..................................... ......................181,717 ..........................1,832 ...................4,203,571 .....................................<br />
68225............. 23-0990450....... .......02/01/1984 NATIONWIDE LIFE INS COMPANY OF AMERICA... PENNSYLVANIA.......................................................... .......YRT/I.............. .................48,186,876 ......................348,295 ......................970,870 ........................11,749 ..................................... .....................................<br />
66869............. 31-4156830....... .......01/11/1969 NATIONWIDE LIFE INSURANCE COMPANY........... OHIO............................................................................ .......ADB/I.............. ..................................... ..................................... ........................11,296 ..........................4,583 ..................................... .....................................<br />
66869............. 31-4156830....... .......04/01/1988 NATIONWIDE LIFE INSURANCE COMPANY........... OHIO............................................................................ .......CO/I................ .................16,252,790 ........................66,268 ........................53,540 ..........................3,977 ..................................... .....................................<br />
66869............. 31-4156830....... .......11/01/1994 NATIONWIDE LIFE INSURANCE COMPANY........... OHIO............................................................................ .......DIS/I............... ..................................... ......................114,910 .....................(137,737) ..........................2,833 ..................................... .....................................<br />
66869............. 31-4156830....... .......07/01/1989 NATIONWIDE LIFE INSURANCE COMPANY........... OHIO............................................................................ .......YRT/G............ ..................................... .............................302 ..................................... ..................................... ..................................... .....................................<br />
66869............. 31-4156830....... .......11/01/1994 NATIONWIDE LIFE INSURANCE COMPANY........... OHIO............................................................................ .......YRT/I.............. ..........12,181,583,564 .................38,698,465 .................26,037,310 ...................5,270,825 ..................................... .....................................<br />
91626............. 04-2708937....... .......03/01/2000 NEW ENGLAND LIFE INSURANCE COMPANY....... MASSACHUSETTS..................................................... .......CO/I................ ...............200,753,952 ...................2,006,311 ......................473,145 ........................57,029 ..................................... .....................................<br />
91626............. 04-2708937....... .......04/01/1987 NEW ENGLAND LIFE INSURANCE COMPANY....... MASSACHUSETTS..................................................... .......DIS/I............... ..................................... .............................729 ..................................... ..................................... ..................................... .....................................
40.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
91626............. 04-2708937....... .......03/01/2001 NEW ENGLAND LIFE INSURANCE COMPANY....... MASSACHUSETTS..................................................... .......YRT/I.............. ............1,104,412,714 ...................8,010,451 ...................1,109,733 ......................292,467 ..................................... .....................................<br />
66915............. 13-5582869....... .......07/01/1995 NEW YORK LIFE INSURANCE COMPANY............... NEW YORK.................................................................. .......COI/I............... ...............326,676,316 ..................................... ...................5,696,755 ..................................... ...............121,393,112 .....................................<br />
66915............. 13-5582869....... .......05/21/1970 NEW YORK LIFE INSURANCE COMPANY............... NEW YORK.................................................................. .......ADB/I.............. ..................................... .............................221 .............................405 ...............................19 ..................................... .....................................<br />
66915............. 13-5582869....... .......01/22/1980 NEW YORK LIFE INSURANCE COMPANY............... NEW YORK.................................................................. .......CO/I................ ...................3,591,480 ........................89,497 ........................82,555 ........................74,689 ..................................... .....................................<br />
66915............. 13-5582869....... .......01/22/1980 NEW YORK LIFE INSURANCE COMPANY............... NEW YORK.................................................................. .......DIS/I............... ..................................... ...............................15 ..................................... ..................................... ..................................... .....................................<br />
66915............. 13-5582869....... .......01/01/1977 NEW YORK LIFE INSURANCE COMPANY............... NEW YORK.................................................................. .......YRT/I.............. ...............159,002,387 ...................1,129,267 ...................2,210,034 ...................1,639,839 ..................................... .....................................<br />
66974............. 36-2428931....... .......11/28/1999 NORTH AMERICAN CO FOR LIFE & HEALTH INS.. IOWA............................................................................ .......CO/I................ ...............886,885,734 ...................5,093,503 ...................1,630,772 ......................932,773 ..................................... .....................................<br />
66974............. 36-2428931....... .......11/28/1999 NORTH AMERICAN CO FOR LIFE & HEALTH INS.. IOWA............................................................................ .......DIS/I............... ..................................... ......................470,723 ........................19,969 ........................57,892 ..................................... .....................................<br />
66974............. 36-2428931....... .......05/28/1998 NORTH AMERICAN CO FOR LIFE & HEALTH INS.. IOWA............................................................................ .......YRT/I.............. ............2,106,573,387 ...................8,312,753 ...................9,508,081 ...................1,598,090 ..................................... .....................................<br />
00000............. AA-3190934....... .......11/01/2000 NORTHSTAR FIN SERVICES (BERMUDA) LTD...... BERMUDA................................................................... .......YRT/I.............. ...............454,841,942 ...................2,063,476 ...................1,121,371 ......................111,289 ..................................... .....................................<br />
67091............. 39-0509570....... .......07/01/1996 NORTHWESTERN MUTUAL LIFE INS COMPANY.. WISCONSIN................................................................. .......ADB/I.............. ..................................... .............................533 .............................382 ...............................48 ..................................... .....................................<br />
67091............. 39-0509570....... .......04/03/2000 NORTHWESTERN MUTUAL LIFE INS COMPANY.. WISCONSIN................................................................. .......CO/I................ ..........17,615,508,305 .................51,120,295 .................27,024,508 ...................7,580,344 ..................................... .....................................<br />
67091............. 39-0509570....... .......07/01/1996 NORTHWESTERN MUTUAL LIFE INS COMPANY.. WISCONSIN................................................................. .......DIS/I............... ..................................... ........................11,089 .............................471 ..................................... ..................................... .....................................<br />
67091............. 39-0509570....... .......04/03/2000 NORTHWESTERN MUTUAL LIFE INS COMPANY.. WISCONSIN................................................................. .......YRT/I.............. ............3,393,679,103 .................18,681,407 .................20,545,208 ...................4,142,407 ..................................... .....................................<br />
00000............. AA-1380165....... .......07/01/1983 NRG NEDERLANDSE REASSURANTIE GROEP..... NETHERLANDS.......................................................... .......OTH/I.............. ........................21,525 ........................14,369 ..........................4,441 .............................908 ..................................... .....................................<br />
91596............. 13-3044743....... .......01/01/2001 NY LIFE INS AND ANNUITY CORPORATION.......... DELAWARE................................................................. .......YRT/I.............. ............3,505,031,575 ...................2,052,218 .................22,596,796 ...................4,659,887 ..................................... .....................................<br />
66005............. 34-1666970....... .......08/01/1997 OHIO MOTORIST LIFE INSURANCE COMPANY..... OHIO............................................................................ .......CO/G.............. .................20,260,000 ......................181,439 ......................100,435 ........................19,559 ..................................... .....................................<br />
89206............. 31-0962495....... .......09/01/2000 OHIO NATIONAL LIFE ASSURANCE CORPORATIONOHIO............................................................................ .......CO/I................ ............1,630,393,721 .................27,229,407 ...................2,587,118 ...................1,097,083 ..................................... .....................................<br />
89206............. 31-0962495....... .......09/01/2000 OHIO NATIONAL LIFE ASSURANCE CORPORATIONOHIO............................................................................ .......DIS/I............... ..................................... ......................225,838 ........................79,880 .............................242 ..................................... .....................................<br />
89206............. 31-0962495....... .......09/05/2000 OHIO NATIONAL LIFE ASSURANCE CORPORATIONOHIO............................................................................ .......YRT/I.............. ...............722,214,721 ...................3,367,792 ...................2,044,787 ......................197,109 ..................................... .....................................<br />
67172............. 31-0397080....... .......03/09/1998 OHIO NATIONAL LIFE INSURANCE COMPANY...... OHIO............................................................................ .......ADB/I.............. ..................................... ...............................59 ..................................... .................................5 ..................................... .....................................<br />
67172............. 31-0397080....... .......03/09/1998 OHIO NATIONAL LIFE INSURANCE COMPANY...... OHIO............................................................................ .......DIS/I............... ..................................... ..........................4,911 ........................14,485 .............................325 ..................................... .....................................<br />
67172............. 31-0397080....... .......03/09/1998 OHIO NATIONAL LIFE INSURANCE COMPANY...... OHIO............................................................................ .......YRT/I.............. .................43,467,964 ......................315,279 ......................136,430 ........................10,635 ..................................... .....................................<br />
67180............. 31-4271600....... .......04/01/2000 OHIO STATE LIFE INSURANCE COMPANY............ TEXAS.......................................................................... .......CO/I................ .................19,864,332 ......................198,522 ........................48,170 ..........................4,860 ..................................... .....................................<br />
67180............. 31-4271600....... .......04/01/2000 OHIO STATE LIFE INSURANCE COMPANY............ TEXAS.......................................................................... .......DIS/I............... ..................................... ..........................1,200 .............................459 ..................................... ..................................... .....................................<br />
67261............. 36-1577440....... .......01/01/2000 OLD REPUBLIC LIFE INSURANCE COMPANY........ ILLINOIS....................................................................... .......ADB/I.............. ..................................... ...............................11 ..................................... .................................1 ..................................... .....................................<br />
67261............. 36-1577440....... .......01/01/2000 OLD REPUBLIC LIFE INSURANCE COMPANY........ ILLINOIS....................................................................... .......CO/I................ ...............309,771,488 ...................3,095,819 ......................403,952 ........................75,794 ..................................... .....................................<br />
67261............. 36-1577440....... .......01/01/2000 OLD REPUBLIC LIFE INSURANCE COMPANY........ ILLINOIS....................................................................... .......DIS/I............... ..................................... ........................18,709 .............................501 ..................................... ..................................... .....................................<br />
63274............. 52-6033321....... .......01/01/1992 OM FINANCIAL LIFE INSURANCE COMPANY........ MARYLAND................................................................. .......CO/I................ ........................79,241 .............................793 .............................784 ...............................19 ..................................... .....................................<br />
63274............. 52-6033321....... .......01/07/1961 OM FINANCIAL LIFE INSURANCE COMPANY........ MARYLAND................................................................. .......DIS/I............... ..................................... ...............................42 ..................................... ..................................... ..................................... .....................................<br />
63274............. 52-6033321....... .......01/07/1961 OM FINANCIAL LIFE INSURANCE COMPANY........ MARYLAND................................................................. .......YRT/I.............. ...................1,296,808 ..........................9,406 ........................36,433 .............................317 ..................................... .....................................<br />
64343............. 99-0108050....... .......06/01/1971 PACIFIC GUARDIAN LIFE INS COMPANY, LTD...... HAWAII......................................................................... .......ADB/I.............. ..................................... .............................105 ...............................63 .................................8 ..................................... .....................................<br />
64343............. 99-0108050....... .......06/01/2001 PACIFIC GUARDIAN LIFE INS COMPANY, LTD...... HAWAII......................................................................... .......CO/I................ ...............151,374,445 ......................396,009 ......................329,462 ........................37,038 ..................................... .....................................<br />
64343............. 99-0108050....... .......06/01/2001 PACIFIC GUARDIAN LIFE INS COMPANY, LTD...... HAWAII......................................................................... .......DIS/I............... ..................................... ......................109,425 ........................29,969 .............................405 ..................................... .....................................<br />
64343............. 99-0108050....... .......06/01/1996 PACIFIC GUARDIAN LIFE INS COMPANY, LTD...... HAWAII......................................................................... .......OTH/I.............. .................61,716,375 ......................132,595 ........................97,175 ........................19,859 ..................................... .....................................<br />
64343............. 99-0108050....... .......06/01/1998 PACIFIC GUARDIAN LIFE INS COMPANY, LTD...... HAWAII......................................................................... .......YRT/I.............. .................68,428,142 ......................502,627 ......................483,147 ......................115,000 ..................................... .....................................<br />
97268............. 95-3769814....... .......08/02/1999 PACIFIC LIFE & ANNUITY COMPANY...................... ARIZONA..................................................................... .......YRT/I.............. ......................312,540 ..........................2,267 .............................586 ...............................76 ..................................... .....................................<br />
67466............. 95-1079000....... .......07/01/1991 PACIFIC LIFE INSURANCE COMPANY.................... NEBRASKA.................................................................. .......DIS/I............... ..................................... ......................856,399 ........................36,079 ........................76,731 ..................................... .....................................<br />
67466............. 95-1079000....... .......07/01/1991 PACIFIC LIFE INSURANCE COMPANY.................... NEBRASKA.................................................................. .......YRT/I.............. ............1,630,361,266 ...................2,602,249 .................11,263,843 ...................1,342,937 ..................................... .....................................<br />
81612............. 94-2213840....... .......04/01/1980 PACIFIC UNION ASSURANCE COMPANY............... CALIFORNIA................................................................ .......CO/I................ ..................................... ..........................6,619 ..........................6,619 .............................497 ..................................... .....................................<br />
81612............. 94-2213840....... .......04/01/1980 PACIFIC UNION ASSURANCE COMPANY............... CALIFORNIA................................................................ .......YRT/I.............. ..................................... ..................................... .......................(24,462) ..................................... ..................................... .....................................<br />
67539............. 72-0281240....... .......05/01/1994 PAN-AMERICAN LIFE INSURANCE COMPANY...... LOUISIANA.................................................................. .......ADB/I.............. ..................................... .............................130 ..........................3,034 ...............................12 ..................................... .....................................<br />
67539............. 72-0281240....... .......01/01/1996 PAN-AMERICAN LIFE INSURANCE COMPANY...... LOUISIANA.................................................................. .......CO/I................ .................45,123,460 ......................450,958 ......................144,813 ........................11,041 ..................................... .....................................<br />
67539............. 72-0281240....... .......04/01/1997 PAN-AMERICAN LIFE INSURANCE COMPANY...... LOUISIANA.................................................................. .......DIS/I............... ..................................... ..........................5,822 ..................................... ..................................... ..................................... .....................................<br />
67539............. 72-0281240....... .......04/01/1999 PAN-AMERICAN LIFE INSURANCE COMPANY...... LOUISIANA.................................................................. .......YRT/I.............. ...............601,713,709 ...................4,364,308 ...................3,264,700 ......................272,224 ..................................... .....................................<br />
60003............. 04-2350154....... .......11/01/1974 PARK AVENUE LIFE INSURANCE COMPANY........ DELAWARE................................................................. .......ADB/I.............. ..................................... .............................557 .............................608 .............................244 ..................................... .....................................<br />
60003............. 04-2350154....... .......12/01/1988 PARK AVENUE LIFE INSURANCE COMPANY........ DELAWARE................................................................. .......CO/I................ ......................358,155 ..........................7,639 .......................(13,104) ...............................88 ..................................... .....................................<br />
60003............. 04-2350154....... .......12/01/1988 PARK AVENUE LIFE INSURANCE COMPANY........ DELAWARE................................................................. .......DIS/I............... ..................................... ...............................35 ............................(506) ..................................... ..................................... .....................................<br />
60003............. 04-2350154....... .......04/01/1990 PARK AVENUE LIFE INSURANCE COMPANY........ DELAWARE................................................................. .......YRT/I.............. .................11,661,575 ........................73,534 ......................108,555 ..........................2,854 ..................................... .....................................<br />
67598............. 04-1768571....... .......05/16/1998 PAUL REVERE LIFE INSURANCE COMPANY......... MASSACHUSETTS..................................................... .......ACO/I............. ..................................... ...................3,699,256 ..................................... ..................................... ..................................... .....................................
40.11<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
67601............. 04-2381280....... .......05/16/1998 PAUL REVERE VARIABLE ANNUITY INS COMPANYMASSACHUSETTS..................................................... .......ACO/I............. ..................................... ...................2,531,575 ..................................... ..................................... ..................................... .....................................<br />
93262............. 23-2142731....... .......02/01/1982 PENN INSURANCE AND ANNUITY COMPANY....... DELAWARE................................................................. .......ADB/I.............. ..................................... .............................111 ...............................16 ...............................10 ..................................... .....................................<br />
93262............. 23-2142731....... .......02/01/1982 PENN INSURANCE AND ANNUITY COMPANY....... DELAWARE................................................................. .......DIS/I............... ..................................... ........................56,736 ..........................8,258 ........................43,953 ..................................... .....................................<br />
93262............. 23-2142731....... .......02/01/1982 PENN INSURANCE AND ANNUITY COMPANY....... DELAWARE................................................................. .......YRT/I.............. .................78,003,276 ......................565,768 ...................1,885,159 ......................578,968 ..................................... .....................................<br />
67644............. 23-0952300....... .......11/19/1992 PENN MUTUAL LIFE INSURANCE COMPANY........ PENNSYLVANIA.......................................................... .......ADB/I.............. ..................................... ..................................... ..........................2,160 ..................................... ..................................... .....................................<br />
67644............. 23-0952300....... .......11/23/1998 PENN MUTUAL LIFE INSURANCE COMPANY........ PENNSYLVANIA.......................................................... .......CO/I................ ...............315,923,469 ...................3,157,302 ......................400,200 ......................327,299 ..................................... .....................................<br />
67644............. 23-0952300....... .......07/01/1983 PENN MUTUAL LIFE INSURANCE COMPANY........ PENNSYLVANIA.......................................................... .......DIS/I............... ..................................... ......................271,721 ........................12,058 ......................243,838 ..................................... .....................................<br />
67644............. 23-0952300....... .......11/01/1999 PENN MUTUAL LIFE INSURANCE COMPANY........ PENNSYLVANIA.......................................................... .......YRT/I.............. ............1,862,879,662 ...................6,406,084 ...................6,512,108 ...................4,598,784 ..................................... .....................................<br />
93548............. 06-1045829....... .......12/01/1994 PHL VARIABLE INSURANCE COMPANY................. CONNECTICUT........................................................... .......YRT/I.............. .................26,876,693 ......................194,940 ........................70,322 ..........................7,635 ..................................... .....................................<br />
67814............. 06-0493340....... .......02/23/1970 PHOENIX LIFE INSURANCE COMPANY.................. NEW YORK.................................................................. .......ADB/I.............. ..................................... .................................8 ..................................... .................................1 ..................................... .....................................<br />
67814............. 06-0493340....... .......01/01/1946 PHOENIX LIFE INSURANCE COMPANY.................. NEW YORK.................................................................. .......DIS/I............... ..................................... ..........................1,188 ..................................... ..................................... ..................................... .....................................<br />
67814............. 06-0493340....... .......01/01/1982 PHOENIX LIFE INSURANCE COMPANY.................. NEW YORK.................................................................. .......YRT/I.............. .................42,416,773 ......................307,654 ......................551,655 ...................1,281,064 ..................................... .....................................<br />
67814............. 06-0493340....... .......01/01/1995 PHOENIX LIFE INSURANCE COMPANY.................. NEW YORK.................................................................. .......YRT/I.............. ..................................... ...................4,760,482 ..................................... ..................................... ..................................... .....................................<br />
68039............. 13-2570714....... .......06/01/1992 PRESIDENTIAL LIFE INSURANCE COMPANY........ NEW YORK.................................................................. .......CO/I................ ...................1,530,508 ........................15,296 ........................15,613 .............................374 ..................................... .....................................<br />
68039............. 13-2570714....... .......10/01/1986 PRESIDENTIAL LIFE INSURANCE COMPANY........ NEW YORK.................................................................. .......YRT/I.............. .................25,622,932 ......................185,845 ......................366,703 ..........................6,269 ..................................... .....................................<br />
65919............. 04-1590590....... .......01/01/1988 PRIMERICA LIFE INSURANCE COMPANY.............. MASSACHUSETTS..................................................... .......CO/I................ ...............605,422,845 ...................7,854,974 ...................5,348,487 ......................582,968 ..................................... .....................................<br />
65919............. 04-1590590....... .......03/01/1974 PRIMERICA LIFE INSURANCE COMPANY.............. MASSACHUSETTS..................................................... .......YRT/I.............. ...................3,910,000 ........................20,820 ..........................3,528 .............................957 ..................................... .....................................<br />
61271............. 42-0127290....... .......01/01/1965 PRINCIPAL LIFE INSURANCE COMPANY............... IOWA............................................................................ .......ADB/I.............. ..................................... ...............................98 .............................518 .................................9 ..................................... .....................................<br />
61271............. 42-0127290....... .......04/12/1999 PRINCIPAL LIFE INSURANCE COMPANY............... IOWA............................................................................ .......DIS/I............... ..................................... ......................393,434 .......................(35,145) ......................163,557 ..................................... .....................................<br />
61271............. 42-0127290....... .......05/01/2001 PRINCIPAL LIFE INSURANCE COMPANY............... IOWA............................................................................ .......YRT/I.............. ............1,425,754,305 ...................6,828,849 ...................5,329,133 ......................837,702 ..................................... .....................................<br />
88536............. 63-0761690....... .......09/01/2001 PROTECTIVE LIFE AND ANNUITY INS COMPANY. ALABAMA.................................................................... .......CO/I................ ...............733,084,255 .................15,881,163 ...................1,128,327 ......................585,090 ..................................... .....................................<br />
88536............. 63-0761690....... .......09/01/2001 PROTECTIVE LIFE AND ANNUITY INS COMPANY. ALABAMA.................................................................... .......DIS/I............... ..................................... ........................71,298 ..........................5,053 ..................................... ..................................... .....................................<br />
88536............. 63-0761690....... .......09/01/2001 PROTECTIVE LIFE AND ANNUITY INS COMPANY. ALABAMA.................................................................... .......YRT/I.............. ...................2,966,196 ...............................87 ........................40,847 .................................3 ..................................... .....................................<br />
89006............. 13-4129642....... .......08/03/1995 PROTECTIVE LIFE INS COMPANY OF NEW YORK NEW YORK.................................................................. .......CO/I................ .................73,051,601 ......................730,068 ......................102,188 ........................31,374 ..................................... .....................................<br />
68136............. 63-0169720....... .......02/24/1994 PROTECTIVE LIFE INSURANCE COMPANY........... TENNESSEE............................................................... .......ADB/I.............. ...............164,341,321 ......................401,427 ......................125,364 ........................25,175 ..................................... .....................................<br />
68136............. 63-0169720....... .......11/01/2001 PROTECTIVE LIFE INSURANCE COMPANY........... TENNESSEE............................................................... .......CO/I................ ............7,640,479,982 ...............102,256,708 .................16,494,785 ...................5,212,470 ..................................... .....................................<br />
68136............. 63-0169720....... .......11/01/2001 PROTECTIVE LIFE INSURANCE COMPANY........... TENNESSEE............................................................... .......DIS/I............... ..................................... ......................100,700 ..........................4,064 ..........................8,138 ..................................... .....................................<br />
68136............. 63-0169720....... .......01/01/1980 PROTECTIVE LIFE INSURANCE COMPANY........... TENNESSEE............................................................... .......MCO/I............. ...................1,411,810 ..................................... ........................36,699 .............................345 ........................30,114 .....................................<br />
68136............. 63-0169720....... .......11/01/2001 PROTECTIVE LIFE INSURANCE COMPANY........... TENNESSEE............................................................... .......YRT/I.............. ............1,326,346,480 ...................3,091,863 ...................9,011,864 ...................1,838,397 ..................................... .....................................<br />
68195............. 62-0331200....... .......01/01/1971 PROVIDENT LIFE AND ACCIDENT INS COMPANY TENNESSEE............................................................... .......ADB/I.............. ..................................... .................................6 ..................................... .................................1 ..................................... .....................................<br />
68195............. 62-0331200....... .......07/06/1935 PROVIDENT LIFE AND ACCIDENT INS COMPANY TENNESSEE............................................................... .......CO/I................ ......................369,003 ........................13,371 ..........................4,205 ..........................5,153 ..................................... .....................................<br />
68195............. 62-0331200....... .......07/09/1979 PROVIDENT LIFE AND ACCIDENT INS COMPANY TENNESSEE............................................................... .......DIS/I............... ..................................... ........................47,581 .................................1 ........................14,050 ..................................... .....................................<br />
68195............. 62-0331200....... .......08/01/1988 PROVIDENT LIFE AND ACCIDENT INS COMPANY TENNESSEE............................................................... .......YRT/I.............. .................27,601,593 ......................198,327 ......................896,508 ......................259,475 ..................................... .....................................<br />
68241............. 22-1211670....... .......01/24/2000 PRUDENTIAL INSURANCE COMPANY OF AMERICANEW JERSEY.............................................................. .......YRT/I.............. ...............891,650,706 ...................3,917,791 ...................1,579,790 ......................554,574 ..................................... .....................................<br />
93629............. 06-1050034....... .......01/01/1998 PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY CONNECTICUT........................................................... COMPANY<br />
.......CO/I................ ..................................... ......................518,516 ..................................... ..................................... ..................................... .....................................<br />
70211............. 23-6200031....... .......06/02/1994 REASSURE AMERICA LIFE INSURANCE COMPANYINDIANA....................................................................... .......CO/I................ .................12,795,342 ........................98,425 ........................51,324 ..........................2,151 ..................................... .....................................<br />
70211............. 23-6200031....... .......10/01/1992 REASSURE AMERICA LIFE INSURANCE COMPANYINDIANA....................................................................... .......DIS/I............... ..................................... ......................106,145 ........................12,292 ..........................8,420 ..................................... .....................................<br />
70211............. 23-6200031....... .......10/01/1999 REASSURE AMERICA LIFE INSURANCE COMPANYINDIANA....................................................................... .......OTH/I.............. ...............659,420,926 ...................3,102,084 ...................1,834,000 ......................374,796 ..................................... .....................................<br />
70211............. 23-6200031....... .......03/01/1996 REASSURE AMERICA LIFE INSURANCE COMPANYINDIANA....................................................................... .......YRT/I.............. ............1,587,668,949 ...................9,443,851 ...................8,482,220 ...................4,016,767 ..................................... .....................................<br />
97985............. 93-6030398....... .......01/01/1993 REGENCE LIFE AND HEALTH INS COMPANY........ OREGON..................................................................... .......YRT/G............ ..................................... ........................79,417 ..................................... ..................................... ..................................... .....................................<br />
61360............. 53-0242530....... .......01/01/1969 RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK NEW YORK.................................................................. .......ADB/I.............. ..................................... ...............................15 .............................253 .................................1 ..................................... .....................................<br />
61360............. 53-0242530....... .......04/01/1998 RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK NEW YORK.................................................................. .......CO/I................ ...............739,436,331 ...................7,389,839 ...................1,273,446 ......................243,422 ..................................... .....................................<br />
61360............. 53-0242530....... .......09/01/1988 RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK NEW YORK.................................................................. .......DIS/I............... ..................................... .............................349 ..........................1,499 ..................................... ..................................... .....................................<br />
61360............. 53-0242530....... .......04/01/2001 RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK NEW YORK.................................................................. .......YRT/I.............. .................65,749,414 ......................468,183 ......................443,065 ........................32,654 ..................................... .....................................<br />
61360............. 53-0242530....... .......04/01/1987 RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK NEW YORK.................................................................. .......MCO/I............. ..................................... ..................................... ........................33,488 ..................................... ..................................... .....................................<br />
67105............. 41-0451140....... .......07/01/1996 RELIASTAR LIFE INSURANCE COMPANY.............. MINNESOTA................................................................ .......ADB/I.............. ..................................... ...............................17 .............................522 .................................1 ..................................... .....................................<br />
67105............. 41-0451140....... .......08/15/2000 RELIASTAR LIFE INSURANCE COMPANY.............. MINNESOTA................................................................ .......CO/I................ ............4,544,833,725 .................65,523,857 ...................8,641,114 ...................4,992,851 ..................................... .....................................<br />
67105............. 41-0451140....... .......07/01/1996 RELIASTAR LIFE INSURANCE COMPANY.............. MINNESOTA................................................................ .......DIS/I............... ..................................... ..........................8,633 ..........................8,579 ........................10,602 ..................................... .....................................<br />
67105............. 41-0451140....... .......07/01/1999 RELIASTAR LIFE INSURANCE COMPANY.............. MINNESOTA................................................................ .......YRT/I.............. ............2,383,161,487 .................13,233,101 ...................9,148,342 ...................3,459,862 ..................................... .....................................<br />
61506............. 47-0482911....... .......01/01/2001 RESOURCE LIFE INSURANCE COMPANY.............. ILLINOIS....................................................................... .......COFW/G........ ............1,087,506,452 ...................6,778,858 ..................(1,733,963) ...................2,228,227 ..................................... ...................3,069,199<br />
93572............. 43-1235868....... .......01/01/1974 RGA REINSURANCE COMPANY.............................. MISSOURI.................................................................... .......DIS/I............... ..................................... ...............................18 ..................................... ..................................... ..................................... .....................................
40.12<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
93572............. 43-1235868....... .......06/01/1989 RGA REINSURANCE COMPANY.............................. MISSOURI.................................................................... .......YRT/I.............. ...................6,292,487 ........................45,639 ........................65,796 ..........................1,540 ..................................... .....................................<br />
80594............. 41-0987741....... .......12/01/2001 RIVERSOURCE LIFE INS CO. OF NEW YORK........ NEW YORK.................................................................. .......CO/I................ ...............129,374,418 ...................2,759,640 ......................179,845 ........................45,155 ..................................... .....................................<br />
80594............. 41-0987741....... .......11/01/1990 RIVERSOURCE LIFE INS CO. OF NEW YORK........ NEW YORK.................................................................. .......DIS/I............... ..................................... ..........................1,575 ..........................7,321 ..................................... ..................................... .....................................<br />
80594............. 41-0987741....... .......11/15/2000 RIVERSOURCE LIFE INS CO. OF NEW YORK........ NEW YORK.................................................................. .......YRT/I.............. ...............127,513,341 ......................924,871 ......................572,270 ........................31,200 ..................................... .....................................<br />
65005............. 41-0823832....... .......09/26/2001 RIVERSOURCE LIFE INSURANCE COMPANY........ MINNESOTA................................................................ .......CO/I................ ............2,491,338,994 .................22,927,660 ...................3,385,577 ......................865,529 ..................................... .....................................<br />
65005............. 41-0823832....... .......08/01/1990 RIVERSOURCE LIFE INSURANCE COMPANY........ MINNESOTA................................................................ .......DIS/I............... ..................................... ......................173,948 ........................70,028 ........................36,313 ..................................... .....................................<br />
65005............. 41-0823832....... .......05/22/2001 RIVERSOURCE LIFE INSURANCE COMPANY........ MINNESOTA................................................................ .......YRT/I.............. ............3,315,228,645 ...................8,519,789 .................14,740,275 ...................1,807,822 ..................................... .....................................<br />
68551............. 99-0106597....... .......04/01/1992 ROYAL STATE NATIONAL INS COMPANY, LTD..... HAWAII......................................................................... .......YRT/I.............. ...................1,785,571 ..........................9,241 ..........................6,904 .............................437 ..................................... .....................................<br />
60445............. 74-1915841....... .......12/07/2001 SAGICOR LIFE INSURANCE COMPANY.................. TEXAS.......................................................................... .......ADB/I.............. ..................................... ..........................6,749 ..........................6,741 ..........................2,975 ..................................... .....................................<br />
60445............. 74-1915841....... .......01/01/1986 SAGICOR LIFE INSURANCE COMPANY.................. TEXAS.......................................................................... .......CO/I................ .................13,138,844 ......................848,293 ........................81,812 ........................27,074 ..................................... .....................................<br />
60445............. 74-1915841....... .......08/01/1997 SAGICOR LIFE INSURANCE COMPANY.................. TEXAS.......................................................................... .......DIS/I............... ..................................... ........................32,874 ..........................4,988 ........................11,218 ..................................... .....................................<br />
60445............. 74-1915841....... .......08/01/1997 SAGICOR LIFE INSURANCE COMPANY.................. TEXAS.......................................................................... .......YRT/I.............. .................26,843,183 ......................151,540 ......................308,032 ........................74,314 ..................................... .....................................<br />
00000............. AA-1320275....... .......01/01/1998 SCOR GLOBAL LIFE................................................... FRANCE....................................................................... .......ADB/I.............. ..................................... ..................................... ................................(5) ................................(1) ..................................... .....................................<br />
00000............. AA-1320275....... .......01/01/2002 SCOR GLOBAL LIFE................................................... FRANCE....................................................................... .......OTH/I.............. ..................................... ..............................(58) .........................(3,323) ............................(679) ..................................... .....................................<br />
87017............. 62-1003368....... .......09/15/1987 SCOR GLOBAL LIFE RE INS COMPANY OF TEXAS TEXAS.......................................................................... .......CO/I................ ......................231,800 ..........................4,945 ..........................6,026 ...............................57 ..................................... .....................................<br />
64688............. 75-6020048....... .......01/01/1982 SCOR GLOBAL LIFE U.S. RE INS COMPANY.......... TEXAS.......................................................................... .......CO/I................ ...................1,135,722 ........................90,855 ........................27,693 .............................278 ..................................... .....................................<br />
64688............. 75-6020048....... .......07/01/1983 SCOR GLOBAL LIFE U.S. RE INS COMPANY.......... TEXAS.......................................................................... .......YRT/I.............. ...................1,216,512 ........................32,773 ........................59,639 .............................299 ..................................... .....................................<br />
68446............. 75-1222043....... .......12/28/1965 SCOR LIFE INSURANCE COMPANY........................ TEXAS.......................................................................... .......YRT/G............ ..................................... ........................17,792 ..................................... ..................................... ..................................... .....................................<br />
90670............. 43-1178580....... .......01/01/1982 SCOTTISH RE LIFE CORPORATION........................ DELAWARE................................................................. .......YRT/I.............. .................22,319,943 ......................161,889 ......................380,063 ......................208,619 ..................................... .....................................<br />
68713............. 84-0499703....... .......01/01/1942 SECURITY LIFE OF DENVER INSURANCE CO....... COLORADO................................................................. .......ADB/I.............. ..................................... ...............................34 ...............................43 .................................4 ..................................... .....................................<br />
68713............. 84-0499703....... .......01/01/1992 SECURITY LIFE OF DENVER INSURANCE CO....... COLORADO................................................................. .......CO/I................ .................19,755,017 ......................768,648 ......................207,797 ..........................4,772 ..................................... .....................................<br />
68713............. 84-0499703....... .......01/01/1992 SECURITY LIFE OF DENVER INSURANCE CO....... COLORADO................................................................. .......DIS/I............... ..................................... ........................46,048 ........................63,362 ..................................... ..................................... .....................................<br />
68713............. 84-0499703....... .......08/01/1991 SECURITY LIFE OF DENVER INSURANCE CO....... COLORADO................................................................. .......YRT/I.............. ............1,446,300,796 .................10,492,676 ...................8,571,938 ...................4,411,878 ..................................... .....................................<br />
68713............. 84-0499703....... .......01/01/1986 SECURITY LIFE OF DENVER INSURANCE CO....... COLORADO................................................................. .......YRT/I.............. ......................178,426 ..........................3,065 ..........................7,116 ..................................... ..................................... .....................................<br />
68772............. 15-0442730....... .......11/01/1994 SECURITY MUTUAL LIFE INS CO OF NEW YORK. NEW YORK.................................................................. .......CO/I................ ...............154,286,875 ..................................... ......................459,203 ..................................... ..................................... .....................................<br />
68772............. 15-0442730....... .......11/01/1994 SECURITY MUTUAL LIFE INS CO OF NEW YORK. NEW YORK.................................................................. .......DIS/I............... ..................................... ......................342,148 ..........................5,090 ........................10,447 ..................................... .....................................<br />
68772............. 15-0442730....... .......11/01/1994 SECURITY MUTUAL LIFE INS CO OF NEW YORK. NEW YORK.................................................................. .......YRT/I.............. .................93,552,990 ...................1,797,614 ...................1,026,324 ......................393,540 ..................................... .....................................<br />
69485............. 36-2610791....... .......03/30/1968 SECURITY NATIONAL LIFE INSURANCE COMPANYUTAH............................................................................ .......YRT/I.............. ..........................2,515 .............................166 .............................208 .................................1 ..................................... .....................................<br />
68810............. 39-6040276....... .......01/01/1977 SENTRY LIFE INSURANCE COMPANY.................... WISCONSIN................................................................. .......YRT/I.............. ...................1,451,733 ........................19,233 ........................44,449 .............................355 ..................................... .....................................<br />
97241............. 47-0648948....... .......10/01/1990 SETTLERS LIFE INSURANCE COMPANY................ WISCONSIN................................................................. .......ADB/I.............. ..................................... ...............................12 .................................7 .................................1 ..................................... .....................................<br />
97241............. 47-0648948....... .......05/01/2001 SETTLERS LIFE INSURANCE COMPANY................ WISCONSIN................................................................. .......CO/I................ .................26,729,826 ......................267,135 ........................49,477 ..........................6,540 ..................................... .....................................<br />
97241............. 47-0648948....... .......09/01/1997 SETTLERS LIFE INSURANCE COMPANY................ WISCONSIN................................................................. .......DIS/I............... ..................................... .............................506 ..........................2,436 ..................................... ..................................... .....................................<br />
97241............. 47-0648948....... .......10/01/1990 SETTLERS LIFE INSURANCE COMPANY................ WISCONSIN................................................................. .......YRT/I.............. ...................8,440,965 ........................61,222 ........................30,028 ........................33,626 ..................................... .....................................<br />
68845............. 54-0377280....... .......07/01/1982 SHENANDOAH LIFE INSURANCE COMPANY......... VIRGINIA...................................................................... .......ADB/I.............. ..................................... .............................119 .............................982 ...............................10 ..................................... .....................................<br />
68845............. 54-0377280....... .......09/01/1984 SHENANDOAH LIFE INSURANCE COMPANY......... VIRGINIA...................................................................... .......CO/I................ ......................208,456 ..........................2,083 ..........................2,787 ...............................51 ..................................... .....................................<br />
68845............. 54-0377280....... .......02/01/1995 SHENANDOAH LIFE INSURANCE COMPANY......... VIRGINIA...................................................................... .......DIS/I............... ..................................... ..........................9,889 ..........................6,944 .............................692 ..................................... .....................................<br />
68845............. 54-0377280....... .......02/01/1995 SHENANDOAH LIFE INSURANCE COMPANY......... VIRGINIA...................................................................... .......YRT/I.............. .................85,100,440 ......................617,245 ......................699,611 ......................198,789 ..................................... .....................................<br />
57142............. 41-0547795....... .......01/01/1982 SONS OF NORWAY.................................................... MINNESOTA................................................................ .......CO/I................ ...................1,485,000 ..........................1,791 ........................11,990 .............................363 ..................................... .....................................<br />
57142............. 41-0547795....... .......01/01/1982 SONS OF NORWAY.................................................... MINNESOTA................................................................ .......DIS/I............... ..................................... ......................147,080 .............................238 ..................................... ..................................... .....................................<br />
57142............. 41-0547795....... .......06/01/1988 SONS OF NORWAY.................................................... MINNESOTA................................................................ .......YRT/I.............. .................21,538,600 ......................241,477 ......................310,095 ........................60,269 ..................................... .....................................<br />
68896............. 64-0283583....... .......01/01/1992 SOUTHERN FARM BUREAU LIFE INS COMPANY.. MISSISSIPPI................................................................ .......DIS/I............... ..................................... ..........................2,957 ..................................... ..................................... ..................................... .....................................<br />
68896............. 64-0283583....... .......08/22/2000 SOUTHERN FARM BUREAU LIFE INS COMPANY.. MISSISSIPPI................................................................ .......YRT/I.............. ............1,080,659,264 ...................2,681,493 ...................2,078,836 ...................1,096,979 ..................................... .....................................<br />
00000............. AA-1560092....... .......11/16/2000 STANDARD LIFE ASSUR COMPANY OF CANADA. CANADA...................................................................... .......YRT/I.............. ...............343,649,684 ...................1,155,501 ......................776,953 ........................83,997 ..................................... .....................................<br />
69094............. 37-0805091....... .......01/01/1986 STATE FARM LIFE AND ACCIDENT ASSUR CO..... ILLINOIS....................................................................... .......DIS/I............... ..................................... ........................77,149 ..........................9,146 ..........................1,634 ..................................... .....................................<br />
69094............. 37-0805091....... .......01/01/1994 STATE FARM LIFE AND ACCIDENT ASSUR CO..... ILLINOIS....................................................................... .......YRT/I.............. ...............133,263,485 ......................280,502 ........................78,924 ........................32,606 ..................................... .....................................<br />
69108............. 37-0533090....... .......01/01/1980 STATE FARM LIFE INSURANCE COMPANY........... ILLINOIS....................................................................... .......CO/I................ ......................550,000 ..........................3,848 ........................13,898 .............................135 ..................................... .....................................<br />
69108............. 37-0533090....... .......01/01/1994 STATE FARM LIFE INSURANCE COMPANY........... ILLINOIS....................................................................... .......DIS/I............... ..................................... ........................19,571 ........................14,860 ..................................... ..................................... .....................................<br />
69108............. 37-0533090....... .......01/01/1994 STATE FARM LIFE INSURANCE COMPANY........... ILLINOIS....................................................................... .......YRT/I.............. ...............161,486,977 ......................523,510 ......................232,245 ........................39,512 ..................................... .....................................<br />
69116............. 35-0684263....... .......01/01/1998 STATE LIFE INSURANCE COMPANY....................... INDIANA....................................................................... .......CO/I................ .................29,341,149 ......................293,233 ......................218,813 ..........................7,179 ..................................... .....................................<br />
69116............. 35-0684263....... .......01/01/1998 STATE LIFE INSURANCE COMPANY....................... INDIANA....................................................................... .......DIS/I............... ..................................... ........................17,262 .............................513 ..........................1,356 ..................................... .....................................
40.13<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
69116............. 35-0684263....... .......01/01/1998 STATE LIFE INSURANCE COMPANY....................... INDIANA....................................................................... .......YRT/I.............. .................50,249,963 ......................357,787 ......................586,603 ......................385,056 ..................................... .....................................<br />
89184............. 59-1838073....... .......01/01/1995 STERLING INVESTORS LIFE INS COMPANY......... GEORGIA..................................................................... .......ADB/I.............. ..................................... ........................16,941 ........................18,451 ..........................7,467 ..................................... .....................................<br />
89184............. 59-1838073....... .......10/01/1993 STERLING INVESTORS LIFE INS COMPANY......... GEORGIA..................................................................... .......CO/I................ ...................4,738,344 ........................81,174 ........................74,753 ..........................1,159 ..................................... .....................................<br />
89184............. 59-1838073....... .......10/01/1993 STERLING INVESTORS LIFE INS COMPANY......... GEORGIA..................................................................... .......DIS/I............... ..................................... ..........................5,476 ..........................3,507 ..................................... ..................................... .....................................<br />
89184............. 59-1838073....... .......11/01/1995 STERLING INVESTORS LIFE INS COMPANY......... GEORGIA..................................................................... .......YRT/I.............. .................22,960,086 ......................173,411 ......................140,869 ........................16,117 ..................................... .....................................<br />
79065............. 04-2461439....... .......09/01/2000 SUN LIFE ASSUR COMPANY OF CANADA (U.S.)... DELAWARE................................................................. .......YRT/I.............. ............3,650,656,950 .................33,593,457 .................17,975,996 .................10,769,068 ..................................... .....................................<br />
00000............. AA-1561039....... .......06/25/2001 SUN LIFE ASSURANCE COMPANY OF CANADA... CANADA...................................................................... .......ADB/I.............. ..................................... ..........................1,135 ..................................... .............................202 ..................................... .....................................<br />
00000............. AA-1561039....... .......06/25/2001 SUN LIFE ASSURANCE COMPANY OF CANADA... CANADA...................................................................... .......CO/I................ ............3,311,934,360 .................48,619,011 ...................6,899,638 ...................1,410,350 ..................................... .....................................<br />
00000............. AA-1561039....... .......06/25/2001 SUN LIFE ASSURANCE COMPANY OF CANADA... CANADA...................................................................... .......DIS/I............... ..................................... ......................140,799 ..................................... .............................551 ..................................... .....................................<br />
00000............. AA-1561039....... .......10/17/2001 SUN LIFE ASSURANCE COMPANY OF CANADA... CANADA...................................................................... .......YRT/I.............. .................18,042,153 ......................130,863 ........................12,939 ..........................4,414 ..................................... .....................................<br />
69272............. 91-0431975....... .......08/01/1998 SUNSET LIFE INSURANCE COMPANY OF AMERICAMISSOURI.................................................................... .......CO/I................ ...............137,202,390 ...................1,372,313 ......................295,562 ........................33,598 ..................................... .....................................<br />
69272............. 91-0431975....... .......07/01/1999 SUNSET LIFE INSURANCE COMPANY OF AMERICAMISSOURI.................................................................... .......DIS/I............... ..................................... ..........................9,018 ..........................4,259 ..................................... ..................................... .....................................<br />
69272............. 91-0431975....... .......07/01/1999 SUNSET LIFE INSURANCE COMPANY OF AMERICAMISSOURI.................................................................... .......YRT/I.............. .................22,328,205 ......................161,129 ........................81,203 ........................11,290 ..................................... .....................................<br />
82627............. 06-0839705....... .......10/01/1999 SWISS RE LIFE & HEALTH AMERICA INC............... CONNECTICUT........................................................... .......CO/I................ ...............305,143,238 ...................1,762,081 ......................359,555 ........................74,661 ..................................... .....................................<br />
82627............. 06-0839705....... .......01/01/1992 SWISS RE LIFE & HEALTH AMERICA, INC.............. CONNECTICUT........................................................... .......YRT/I.............. ...............265,631,983 ..................................... ......................841,467 ..................................... ..................................... .....................................<br />
82627............. 06-0839705....... .......07/28/2003 SWISS RE LIFE & HEALTH AMERICA, INC.............. CONNECTICUT........................................................... .......CO/I................ ...............137,880,294 ......................433,361 ......................321,542 ........................50,000 ..................................... .....................................<br />
68608............. 91-0742147....... .......01/01/1983 SYMETRA LIFE INSURANCE COMPANY................. WASHINGTON............................................................ .......ACO/I............. ..................................... ...................5,629,410 ........................46,964 ........................12,582 ..................................... .....................................<br />
68608............. 91-0742147....... .......01/01/2000 SYMETRA LIFE INSURANCE COMPANY................. WASHINGTON............................................................ .......ADB/I.............. ..................................... .............................246 ..........................5,690 ...............................21 ..................................... .....................................<br />
68608............. 91-0742147....... .......01/01/2000 SYMETRA LIFE INSURANCE COMPANY................. WASHINGTON............................................................ .......CO/I................ ............1,806,974,729 .................25,921,863 ...................2,981,266 ......................892,123 ..................................... .....................................<br />
68608............. 91-0742147....... .......01/01/2000 SYMETRA LIFE INSURANCE COMPANY................. WASHINGTON............................................................ .......DIS/I............... ..................................... ........................11,200 ........................53,413 ..........................3,260 ..................................... .....................................<br />
68608............. 91-0742147....... .......07/01/1998 SYMETRA LIFE INSURANCE COMPANY................. WASHINGTON............................................................ .......YRT/I.............. ...............192,844,580 ...................1,403,489 ...................1,614,819 ......................912,619 ..................................... .....................................<br />
82759............. 62-0905063....... .......06/01/1979 TENNESSEE FARMERS LIFE INSURANCE COMPANY TENNESSEE............................................................... .......YRT/I.............. ......................215,074 ........................35,254 ..........................9,239 ...............................53 ..................................... .....................................<br />
69396............. 74-0940890....... .......10/01/1987 TEXAS LIFE INSURANCE COMPANY....................... TEXAS.......................................................................... .......CO/I................ ...................2,016,653 ........................20,155 ........................47,230 .............................494 ..................................... .....................................<br />
69396............. 74-0940890....... .......07/01/1991 TEXAS LIFE INSURANCE COMPANY....................... TEXAS.......................................................................... .......YRT/I.............. .................15,903,919 ......................115,351 ......................277,296 ........................13,802 ..................................... .....................................<br />
56014............. 39-0123480....... .......10/01/1982 THRIVENT FINANCIAL FOR LUTHERANS............... WISCONSIN................................................................. .......ADB/I.............. ..................................... .............................434 .............................988 ...............................38 ..................................... .....................................<br />
56014............. 39-0123480....... .......04/01/2000 THRIVENT FINANCIAL FOR LUTHERANS............... WISCONSIN................................................................. .......CO/I................ ............2,790,517,212 .................30,842,709 ...................4,351,901 ...................1,601,538 ..................................... .....................................<br />
56014............. 39-0123480....... .......10/01/1982 THRIVENT FINANCIAL FOR LUTHERANS............... WISCONSIN................................................................. .......DIS/I............... ..................................... ......................468,833 ........................38,024 ......................114,800 ..................................... .....................................<br />
56014............. 39-0123480....... .......04/01/2000 THRIVENT FINANCIAL FOR LUTHERANS............... WISCONSIN................................................................. .......YRT/I.............. ...............388,143,257 ...................3,845,278 ...................2,683,134 ......................530,881 ..................................... .....................................<br />
97721............. 41-1437943....... .......01/01/1987 THRIVENT LIFE INSURANCE COMPANY................ MINNESOTA................................................................ .......DIS/I............... ..................................... .............................710 ..........................1,481 ..................................... ..................................... .....................................<br />
97721............. 41-1437943....... .......01/01/1987 THRIVENT LIFE INSURANCE COMPANY................ MINNESOTA................................................................ .......YRT/I.............. .................21,765,485 ......................157,869 ......................150,678 ..........................5,325 ..................................... .....................................<br />
60142............. 13-3917848....... .......01/01/2000 TIAA-CREF LIFE INSURANCE COMPANY............... NEW YORK.................................................................. .......YRT/I.............. .................97,263,342 ......................705,464 ......................149,812 ........................23,798 ..................................... .....................................<br />
69493............. 74-1231916....... .......09/01/1990 TOWER LIFE INSURANCE COMPANY..................... TEXAS.......................................................................... .......ADB/I.............. ..................................... ..........................1,182 ..........................2,578 .............................565 ..................................... .....................................<br />
69493............. 74-1231916....... .......03/01/1981 TOWER LIFE INSURANCE COMPANY..................... TEXAS.......................................................................... .......CO/I................ ......................710,000 ..........................8,074 ..........................6,052 .............................174 ..................................... .....................................<br />
69493............. 74-1231916....... .......03/01/1981 TOWER LIFE INSURANCE COMPANY..................... TEXAS.......................................................................... .......DIS/I............... ..................................... .............................383 ..........................1,038 ..................................... ..................................... .....................................<br />
69493............. 74-1231916....... .......01/01/1987 TOWER LIFE INSURANCE COMPANY..................... TEXAS.......................................................................... .......YRT/I.............. .................18,242,191 ......................409,771 ......................449,445 ......................842,728 ..................................... .....................................<br />
70688............. 36-6071399....... .......05/01/1999 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK.................................................................. .......ADB/I.............. ..................................... .................................5 .............................165 ..................................... ..................................... .....................................<br />
70688............. 36-6071399....... .......12/01/1989 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK.................................................................. .......CO/I................ ......................853,359 ..........................8,529 ........................16,436 .............................209 ..................................... .....................................<br />
70688............. 36-6071399....... .......05/01/1999 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK.................................................................. .......DIS/I............... ..................................... .............................177 ..................................... ..................................... ..................................... .....................................<br />
70688............. 36-6071399....... .......06/01/1999 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK.................................................................. .......YRT/I.............. .................12,677,677 ........................91,954 ........................31,824 ..........................3,102 ..................................... .....................................<br />
70688............. 36-6071399....... .......04/01/2003 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK.................................................................. .......YRT/I.............. ..................................... ..................................... .......................(73,339) ..................................... ..................................... .....................................<br />
00000............. AA-3190868....... .......12/01/2006 TRANSAMERICA LIFE (BERMUDA) LTD.................. BERMUDA................................................................... .......CO/I................ ...................3,856,679 ........................81,972 .......................(24,235) .............................942 ..................................... .....................................<br />
00000............. AA-3190868....... .......12/01/2006 TRANSAMERICA LIFE (BERMUDA) LTD.................. BERMUDA................................................................... .......DIS/I............... ..................................... ..........................2,800 ..........................1,661 ..................................... ..................................... .....................................<br />
00000............. AA-3190868....... .......12/01/2006 TRANSAMERICA LIFE (BERMUDA) LTD.................. BERMUDA................................................................... .......MCO/I............. ........................22,900 ..................................... .........................(3,757) ..................................... ..................................... .....................................<br />
00000............. AA-3190868....... .......12/01/2006 TRANSAMERICA LIFE (BERMUDA) LTD.................. BERMUDA................................................................... .......YRT/I.............. .................76,463,755 ......................554,603 ......................163,434 ........................49,815 ..................................... .....................................<br />
86231............. 39-0989781....... .......09/01/1990 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......ADB/I.............. ...............120,535,113 ......................388,130 ........................93,324 ........................19,075 ..................................... .....................................<br />
86231............. 39-0989781....... .......01/01/2001 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......CO/I................ ............3,970,496,918 .................29,116,946 .................12,804,958 ...................2,819,939 ..................................... .....................................<br />
86231............. 39-0989781....... .......02/01/2001 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......DIS/I............... ..................................... ......................283,863 ......................121,140 ........................33,485 ..................................... .....................................<br />
86231............. 39-0989781....... .......07/01/1942 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......MCO/I............. ......................150,275 ..................................... ..........................5,128 ...............................37 ..........................3,206 .....................................<br />
86231............. 39-0989781....... .......04/01/2001 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......YRT/I.............. ............3,906,192,176 .................32,071,474 .................14,648,467 ...................5,884,680 ..................................... .....................................<br />
86231............. 39-0989781....... .......01/01/1982 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......YRT/I.............. ......................136,275 ..........................5,496 .....................(120,873) ..................................... ..................................... .....................................<br />
86231............. 39-0989781....... .......01/01/1953 TRANSAMERICA LIFE INSURANCE COMPANY..... IOWA............................................................................ .......YRT/I.............. ..................................... ..................................... ........................25,480 ..................................... ..................................... .....................................
40.14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
12134............. 94-3304740....... .......07/01/2000 TRANSAMERICA PACIFIC INS COMPANY LIMITED HAWAII......................................................................... .......YRT/I.............. ..................................... ..................................... ..................................... ..........................5,625 ..................................... .....................................<br />
61425............. 36-0792925....... .......01/01/1969 TRUSTMARK INSURANCE COMPANY.................... ILLINOIS....................................................................... .......ADB/I.............. ..................................... .............................357 .............................178 ...............................23 ..................................... .....................................<br />
61425............. 36-0792925....... .......01/01/1969 TRUSTMARK INSURANCE COMPANY.................... ILLINOIS....................................................................... .......DIS/I............... ..................................... ..........................3,909 ...............................29 ..........................1,713 ..................................... .....................................<br />
61425............. 36-0792925....... .......01/01/1969 TRUSTMARK INSURANCE COMPANY.................... ILLINOIS....................................................................... .......YRT/I.............. ......................231,410 .............................737 ..........................2,463 ...............................57 ..................................... .....................................<br />
....................... ........................... .......12/07/2001 UNALLOCATED........................................................... CONNECTICUT........................................................... .......ADB/I.............. ..................................... ......................531,083 ..................................... ..................................... ..................................... .....................................<br />
....................... ........................... .......12/07/2001 UNALLOCATED........................................................... CONNECTICUT........................................................... .......DIS/I............... ..................................... ...................5,511,000 ..................................... ..................................... ..................................... .....................................<br />
80837............. 31-0472910....... .......04/11/1995 UNION CENTRAL LIFE INSURANCE COMPANY..... OHIO............................................................................ .......ADB/I.............. ..................................... .............................328 ..................................... ...............................28 ..................................... .....................................<br />
80837............. 31-0472910....... .......10/01/2001 UNION CENTRAL LIFE INSURANCE COMPANY..... OHIO............................................................................ .......CO/I................ ...............879,729,547 ...................6,501,284 ...................1,847,248 ...................1,443,187 ..................................... .....................................<br />
80837............. 31-0472910....... .......04/01/2001 UNION CENTRAL LIFE INSURANCE COMPANY..... OHIO............................................................................ .......DIS/I............... ..................................... ........................69,528 ........................20,245 .............................553 ..................................... .....................................<br />
80837............. 31-0472910....... .......10/01/2001 UNION CENTRAL LIFE INSURANCE COMPANY..... OHIO............................................................................ .......YRT/I.............. ...............273,816,080 ...................1,978,454 ...................2,179,015 ......................521,541 ..................................... .....................................<br />
62596............. 31-0252460....... .......01/01/1985 UNION FIDELITY LIFE INSURANCE COMPANY...... ILLINOIS....................................................................... .......ADB/I.............. ..................................... .................................2 ...............................84 ..................................... ..................................... .....................................<br />
62596............. 31-0252460....... .......09/01/1989 UNION FIDELITY LIFE INSURANCE COMPANY...... ILLINOIS....................................................................... .......CO/I................ ..................................... ..................................... .........................(3,720) ..................................... ..................................... .....................................<br />
62596............. 31-0252460....... .......01/01/1985 UNION FIDELITY LIFE INSURANCE COMPANY...... ILLINOIS....................................................................... .......DIS/I............... ..................................... .............................996 .............................264 ..................................... ..................................... .....................................<br />
62596............. 31-0252460....... .......01/01/1985 UNION FIDELITY LIFE INSURANCE COMPANY...... ILLINOIS....................................................................... .......YRT/I.............. ...................2,389,506 ........................11,825 ........................37,797 .............................584 ..................................... .....................................<br />
70408............. 81-0170040....... .......07/23/1928 UNION SECURITY INSURANCE COMPANY............ IOWA............................................................................ .......CO/I................ ...................8,564,987 ........................85,597 ........................99,087 ..........................2,096 ..................................... .....................................<br />
70408............. 81-0170040....... .......07/23/1928 UNION SECURITY INSURANCE COMPANY............ IOWA............................................................................ .......DIS/I............... ..................................... .............................517 .............................240 ..................................... ..................................... .....................................<br />
70408............. 81-0170040....... .......07/23/1928 UNION SECURITY INSURANCE COMPANY............ IOWA............................................................................ .......YRT/I.............. ........................10,221 ...............................75 ..........................2,531 .............................671 ..................................... .....................................<br />
91693............. 13-3036472....... .......10/01/1962 UNITED FAMILY LIFE INSURANCE COMPANY....... GEORGIA..................................................................... .......ADB/I.............. ..................................... ..........................2,632 ..........................1,183 .............................199 ..................................... .....................................<br />
91693............. 13-3036472....... .......10/01/1962 UNITED FAMILY LIFE INSURANCE COMPANY....... GEORGIA..................................................................... .......DIS/I............... ..................................... .............................743 .............................383 ..................................... ..................................... .....................................<br />
91693............. 13-3036472....... .......10/01/1962 UNITED FAMILY LIFE INSURANCE COMPANY....... GEORGIA..................................................................... .......YRT/I.............. ...................2,031,186 ..........................9,490 ........................15,837 .............................472 ..................................... .....................................<br />
69892............. 35-1097117....... .......05/01/1996 UNITED FARM FAMILY LIFE INS COMPANY........... INDIANA....................................................................... .......ADB/I.............. ..................................... .............................159 ..................................... ...............................14 ..................................... .....................................<br />
69892............. 35-1097117....... .......11/01/1997 UNITED FARM FAMILY LIFE INS COMPANY........... INDIANA....................................................................... .......CO/I................ ...............274,946,200 ..................................... ......................673,646 ..................................... ..................................... .....................................<br />
69892............. 35-1097117....... .......01/01/2000 UNITED FARM FAMILY LIFE INS COMPANY........... INDIANA....................................................................... .......DIS/I............... ..................................... ......................185,658 ........................92,775 ..........................5,457 ..................................... .....................................<br />
69892............. 35-1097117....... .......01/01/2000 UNITED FARM FAMILY LIFE INS COMPANY........... INDIANA....................................................................... .......YRT/I.............. ...............683,146,043 ...................6,949,168 ...................1,086,975 ......................515,903 ..................................... .....................................<br />
87645............. 57-0654942....... .......03/01/1984 UNITED FIDELITY LIFE INSURANCE COMPANY.... TEXAS.......................................................................... .......YRT/I.............. ......................174,469 ..........................1,266 ..........................1,398 ...............................43 ..................................... .....................................<br />
79413............. 36-2739571....... .......04/01/1999 UNITED HEALTHCARE INSURANCE COMPANY.... CONNECTICUT........................................................... .......YRT/G............ ..........................2,036 .............................595 ..................................... ..................................... ..................................... .....................................<br />
63983............. 82-0123320....... .......07/01/1991 UNITED HERITAGE LIFE INSURANCE COMPANY. IDAHO.......................................................................... .......YRT/G............ ..................................... ........................32,874 ..................................... ..................................... ..................................... .....................................<br />
69922............. 35-0841899....... .......03/01/1998 UNITED HOME LIFE INSURANCE COMPANY......... INDIANA....................................................................... .......CO/I................ ...................2,927,688 ........................29,258 ..........................7,083 .............................716 ..................................... .....................................<br />
69922............. 35-0841899....... .......01/01/2000 UNITED HOME LIFE INSURANCE COMPANY......... INDIANA....................................................................... .......DIS/I............... ..................................... ..........................1,176 .............................434 ..................................... ..................................... .....................................<br />
69922............. 35-0841899....... .......01/01/2000 UNITED HOME LIFE INSURANCE COMPANY......... INDIANA....................................................................... .......YRT/I.............. .................33,404,649 ......................245,320 ......................225,558 ........................95,280 ..................................... .....................................<br />
94099............. 43-1237031....... .......04/01/1990 UNITED INVESTORS LIFE INSURANCE COMPANY MISSOURI.................................................................... .......DIS/I............... ..................................... ........................37,859 ..........................8,061 ..................................... ..................................... .....................................<br />
94099............. 43-1237031....... .......04/01/1990 UNITED INVESTORS LIFE INSURANCE COMPANY MISSOURI.................................................................... .......YRT/I.............. ...............134,817,971 ......................977,853 ......................632,410 ......................532,987 ..................................... .....................................<br />
69868............. 47-0322111....... .......04/01/1979 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......ADB/I.............. ..................................... ...............................31 ..................................... .................................4 ..................................... .....................................<br />
69868............. 47-0322111....... .......04/01/1979 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......CO/I................ ...............876,252,775 ...................8,757,166 ...................2,376,779 ......................678,648 ..................................... .....................................<br />
69868............. 47-0322111....... .......04/01/1979 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......DIS/I............... ..................................... ........................59,005 .............................100 ..................................... ..................................... .....................................<br />
69868............. 47-0322111....... .......12/01/1927 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA.................................................................. .......YRT/I.............. ...............186,394,497 ...................1,351,944 ...................1,123,230 ...................1,184,041 ..................................... .....................................<br />
70157............. 62-0392810....... .......07/01/1989 UNIVERSAL LIFE INSURANCE COMPANY.............. ALABAMA.................................................................... .......YRT/G............ ..................................... ........................77,138 ..................................... ..................................... ..................................... .....................................<br />
70173............. 43-0824418....... .......02/01/1982 UNIVERSAL UNDERWRITERS LIFE INS COMPANY KANSAS....................................................................... .......YRT/I.............. ......................212,766 ..........................1,542 ..................................... ...............................52 ..................................... .....................................<br />
62235............. 01-0278678....... .......10/01/1996 UNUM LIFE INSURANCE COMPANY OF AMERICA MAINE.......................................................................... .......OTH/I.............. ..................................... ...............100,286,179 ......................883,027 ..................................... ..................................... .....................................<br />
62235............. 01-0278678....... .......07/01/1974 UNUM LIFE INSURANCE COMPANY OF AMERICA MAINE.......................................................................... .......ADB/I.............. ..................................... .............................226 .............................119 ...............................19 ..................................... .....................................<br />
62235............. 01-0278678....... .......12/22/1957 UNUM LIFE INSURANCE COMPANY OF AMERICA MAINE.......................................................................... .......CO/I................ ......................432,991 ......................317,573 ........................22,920 .............................107 ..................................... .....................................<br />
62235............. 01-0278678....... .......07/01/1974 UNUM LIFE INSURANCE COMPANY OF AMERICA MAINE.......................................................................... .......DIS/I............... ..................................... .............................119 ...............................28 ..................................... ..................................... .....................................<br />
62235............. 01-0278678....... .......07/01/1974 UNUM LIFE INSURANCE COMPANY OF AMERICA MAINE.......................................................................... .......YRT/I.............. ......................970,648 ........................40,555 ........................62,399 .............................237 ..................................... .....................................<br />
80802............. 38-1082080....... .......04/10/2000 US BRANCH OF THE SUN LIFE ASSUR CO OF CA MICHIGAN................................................................... .......YRT/I.............. ...................7,258,029 ........................52,644 .......................(14,803) ..........................1,776 ..................................... .....................................<br />
80675............. 38-0455060....... .......01/01/1989 US BUSINESS OF CROWN LIFE INS COMPANY.... MICHIGAN................................................................... .......YRT/I.............. .................11,212,553 ........................81,327 ......................215,736 ......................533,372 ..................................... .....................................<br />
70106............. 13-5459480....... .......04/16/1937 US LIFE INS CO IN THE CITY OF NY........................ NEW YORK.................................................................. .......ADB/I.............. ..................................... ..................................... ...............................48 ..................................... ..................................... .....................................<br />
70106............. 13-5459480....... .......03/18/2001 US LIFE INS CO IN THE CITY OF NY........................ NEW YORK.................................................................. .......CO/I................ ............1,381,722,878 .................11,582,221 ...................1,975,989 ......................513,062 ..................................... .....................................<br />
70106............. 13-5459480....... .......12/23/1981 US LIFE INS CO IN THE CITY OF NY........................ NEW YORK.................................................................. .......DIS/I............... ..................................... ......................183,417 ..........................7,220 ........................31,107 ..................................... .....................................<br />
70106............. 13-5459480....... .......07/03/1961 US LIFE INS CO IN THE CITY OF NY........................ NEW YORK.................................................................. .......MCO/I............. ........................94,108 ..................................... ............................(656) ...............................23 ..........................2,007 .....................................<br />
70106............. 13-5459480....... .......03/16/2000 US LIFE INS CO IN THE CITY OF NY........................ NEW YORK.................................................................. .......YRT/I.............. ...............173,990,292 ...................4,099,422 ...................1,941,086 ...................2,262,980 ..................................... .....................................
40.15<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 1<br />
Reinsurance Assumed <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reinsurance<br />
Funds<br />
NAIC Federal Type of Amount of Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed End of Year Reserve Premiums Losses Reserve Coinsurance<br />
69663............. 74-1472662....... .......09/01/1999 USAA LIFE INSURANCE COMPANY......................... TEXAS.......................................................................... .......CO/I................ ..........18,093,617,131 ...............139,380,946 .................37,512,209 .................10,069,688 ..................................... .....................................<br />
69663............. 74-1472662....... .......09/01/1999 USAA LIFE INSURANCE COMPANY......................... TEXAS.......................................................................... .......DIS/I............... ..................................... ......................700,812 ......................291,482 ........................23,261 ..................................... .....................................<br />
69663............. 74-1472662....... .......06/01/1998 USAA LIFE INSURANCE COMPANY......................... TEXAS.......................................................................... .......YRT/I.............. ...............635,542,506 ...................3,674,430 ...................3,552,074 ......................212,729 ..................................... .....................................<br />
60228............. 16-1530706....... .......07/28/1985 USAA LIFE INSURANCE COMPANY OF NEW YORKNEW YORK.................................................................. .......ADB/I.............. ..................................... .............................241 ..................................... ...............................21 ..................................... .....................................<br />
60228............. 16-1530706....... .......11/21/1985 USAA LIFE INSURANCE COMPANY OF NEW YORKNEW YORK.................................................................. .......CO/I................ ...............748,703,693 ...................7,371,201 ...................1,448,948 ......................410,392 ..................................... .....................................<br />
60228............. 16-1530706....... .......11/21/1985 USAA LIFE INSURANCE COMPANY OF NEW YORKNEW YORK.................................................................. .......DIS/I............... ..................................... ......................107,939 ........................15,450 .............................943 ..................................... .....................................<br />
60228............. 16-1530706....... .......07/28/1985 USAA LIFE INSURANCE COMPANY OF NEW YORKNEW YORK.................................................................. .......YRT/I.............. ...............301,341,393 ...................2,118,231 ...................1,428,306 ......................146,529 ..................................... .....................................<br />
94358............. 71-0505232....... .......07/01/1999 USABLE LIFE.............................................................. ARKANSAS.................................................................. .......YRT/G............ ......................101,895 ........................21,545 ..................................... ..................................... ..................................... .....................................<br />
70319............. 36-1933760....... .......12/01/1981 WASHINGTON NATIONAL INSURANCE COMPANY ILLINOIS....................................................................... .......CO/I................ ...................2,174,601 ........................21,734 ........................19,630 .............................533 ..................................... .....................................<br />
70319............. 36-1933760....... .......01/01/1990 WASHINGTON NATIONAL INSURANCE COMPANY ILLINOIS....................................................................... .......DIS/I............... ..................................... ........................35,993 ..........................1,017 ..........................3,391 ..................................... .....................................<br />
70319............. 36-1933760....... .......01/01/1990 WASHINGTON NATIONAL INSURANCE COMPANY ILLINOIS....................................................................... .......YRT/I.............. ......................898,190 ........................24,022 ........................49,182 ..........................1,548 ..................................... .....................................<br />
83445............. 86-0269558....... .......03/01/1986 WELLCARE HLTH INS OF AZ INC............................. ARIZONA..................................................................... .......OTH/G............ ........................80,000 ........................80,000 ..................................... ..................................... ..................................... .....................................<br />
70335............. 94-0971150....... .......01/01/2000 WEST COAST LIFE INSURANCE COMPANY.......... NEBRASKA.................................................................. .......CO/I................ ..........33,141,763,880 ...............713,605,994 .................58,653,757 .................22,123,888 ..................................... .....................................<br />
70335............. 94-0971150....... .......01/01/2000 WEST COAST LIFE INSURANCE COMPANY.......... NEBRASKA.................................................................. .......DIS/I............... ..................................... ...................1,034,671 ......................221,896 ........................11,172 ..................................... .....................................<br />
70335............. 94-0971150....... .......01/01/2000 WEST COAST LIFE INSURANCE COMPANY.......... NEBRASKA.................................................................. .......YRT/I.............. ..........11,152,853,458 .................65,015,526 .................32,410,370 ...................7,079,647 ..................................... .....................................<br />
70483............. 31-0487145....... .......01/01/1969 WESTERN AND SOUTHERN LIFE INS COMPANY. OHIO............................................................................ .......ADB/I.............. ..................................... ..........................5,863 ........................10,530 ........................22,333 ..................................... .....................................<br />
70483............. 31-0487145....... .......01/01/1969 WESTERN AND SOUTHERN LIFE INS COMPANY. OHIO............................................................................ .......CO/I................ ...................2,670,916 ...................1,328,516 ........................56,085 ........................10,554 ..................................... .....................................<br />
70483............. 31-0487145....... .......07/01/1980 WESTERN AND SOUTHERN LIFE INS COMPANY. OHIO............................................................................ .......DIS/I............... ..................................... ......................214,179 ........................24,224 ..........................7,127 ..................................... .....................................<br />
70483............. 31-0487145....... .......01/01/1969 WESTERN AND SOUTHERN LIFE INS COMPANY. OHIO............................................................................ .......YRT/I.............. ...............177,173,196 ...................1,285,831 ...................1,841,533 ......................161,364 ..................................... .....................................<br />
58017............. 42-0594470....... .......09/01/1981 WESTERN FRATERNAL LIFE ASSOCIATION......... IOWA............................................................................ .......ADB/I.............. ..................................... .............................635 .............................607 .............................281 ..................................... .....................................<br />
58017............. 42-0594470....... .......04/21/1959 WESTERN FRATERNAL LIFE ASSOCIATION......... IOWA............................................................................ .......DIS/I............... ..................................... ........................36,291 ..........................6,723 ..........................4,220 ..................................... .....................................<br />
58017............. 42-0594470....... .......04/21/1959 WESTERN FRATERNAL LIFE ASSOCIATION......... IOWA............................................................................ .......YRT/I.............. .................31,943,091 ......................119,708 ......................177,230 ..........................7,641 ..................................... .....................................<br />
91413............. 43-1162657....... .......07/01/2001 WESTERN RESERVE LIFE ASSUR CO. OF OHIO.. OHIO............................................................................ .......ADB/I.............. ..................................... ..........................1,297 .............................440 .............................113 ..................................... .....................................<br />
91413............. 43-1162657....... .......07/01/2001 WESTERN RESERVE LIFE ASSUR CO. OF OHIO.. OHIO............................................................................ .......YRT/I.............. ...............948,495,578 ...................6,879,564 ...................1,428,736 ......................259,574 ..................................... .....................................<br />
92622............. 31-1000236....... .......11/15/1999 WESTERN-SOUTHERN LIFE ASSURANCE COMPANY OHIO............................................................................ .......YRT/I.............. ............3,653,523,558 ...................7,577,782 ...................4,079,420 ...................2,264,174 ..................................... .....................................<br />
66230............. 13-1976260....... .......07/01/1988 WILLIAM PENN LIFE INS CO OF NEW YORK.......... NEW YORK.................................................................. .......ADB/I.............. ..................................... .............................594 ..........................2,046 ...............................52 ..................................... .....................................<br />
66230............. 13-1976260....... .......10/03/1997 WILLIAM PENN LIFE INS CO OF NEW YORK.......... NEW YORK.................................................................. .......CO/I................ ...............436,033,201 ...................4,357,985 ...................1,067,694 ......................714,680 ..................................... .....................................<br />
66230............. 13-1976260....... .......10/03/1997 WILLIAM PENN LIFE INS CO OF NEW YORK.......... NEW YORK.................................................................. .......DIS/I............... ..................................... ......................110,350 ........................34,388 ........................20,845 ..................................... .....................................<br />
66230............. 13-1976260....... .......10/03/1997 WILLIAM PENN LIFE INS CO OF NEW YORK.......... NEW YORK.................................................................. .......YRT/I.............. ...............415,696,719 ...................3,014,870 ...................4,413,512 ...................1,486,134 ..................................... .....................................<br />
60704............. 94-1516991....... .......03/06/2003 WILTON REASSUR LIFE COMPANY OF NEW YORKNEW YORK.................................................................. .......CO/I................ ............1,320,025,582 .................18,524,543 ...................2,952,484 ...................1,165,599 ..................................... .....................................<br />
60704............. 94-1516991....... .......01/01/2000 WILTON REASSUR LIFE COMPANY OF NEW YORKNEW YORK.................................................................. .......DIS/I............... ..................................... ......................113,372 ........................14,410 ........................12,119 ..................................... .....................................<br />
60704............. 94-1516991....... .......09/12/1981 WILTON REASSUR LIFE COMPANY OF NEW YORKNEW YORK.................................................................. .......YRT/I.............. .................11,409,134 ........................83,980 ......................270,905 ........................48,021 ..................................... .....................................<br />
56170............. 38-1185570....... .......11/01/1985 WOMAN'S LIFE INSURANCE SOCIETY................... MICHIGAN................................................................... .......ADB/I.............. ..................................... .............................456 .............................187 ...............................30 ..................................... .....................................<br />
56170............. 38-1185570....... .......11/01/1985 WOMAN'S LIFE INSURANCE SOCIETY................... MICHIGAN................................................................... .......DIS/I............... ..................................... ........................52,863 ...............................81 ........................10,082 ..................................... .....................................<br />
56170............. 38-1185570....... .......11/01/1985 WOMAN'S LIFE INSURANCE SOCIETY................... MICHIGAN................................................................... .......YRT/I.............. .................10,316,654 ........................54,555 ........................72,508 ..........................2,524 ..................................... .....................................<br />
57320............. 47-0339250....... .......03/01/1991 WOODMEN OF THE WORLD LIFE INS SOCIETY... NEBRASKA.................................................................. .......CO/I................ ...................1,622,078 ..................................... ..........................3,135 ..................................... ..................................... .....................................<br />
57320............. 47-0339250....... .......03/01/1995 WOODMEN OF THE WORLD LIFE INS SOCIETY... NEBRASKA.................................................................. .......DIS/I............... ..................................... ........................34,421 ..........................1,572 ..........................1,381 ..................................... .....................................<br />
57320............. 47-0339250....... .......03/01/1995 WOODMEN OF THE WORLD LIFE INS SOCIETY... NEBRASKA.................................................................. .......YRT/I.............. ...............107,681,046 ......................959,009 ......................909,443 ........................98,116 ..................................... .....................................<br />
70629............. 47-0339860....... .......05/01/1979 WORLD INSURANCE COMPANY.............................. NEBRASKA.................................................................. .......CO/I................ ......................352,516 ..........................5,715 ..........................5,949 ...............................86 ..................................... .....................................<br />
70629............. 47-0339860....... .......11/23/1943 WORLD INSURANCE COMPANY.............................. NEBRASKA.................................................................. .......DIS/I............... ..................................... ..........................7,298 ...............................29 .............................646 ..................................... .....................................<br />
70629............. 47-0339860....... .......01/01/1993 WORLD INSURANCE COMPANY.............................. NEBRASKA.................................................................. .......YRT/I.............. .................12,617,577 ........................73,122 ........................81,417 ..........................3,087 ..................................... .....................................<br />
71323............. 75-1168687....... .......01/01/1983 ZALE LIFE INSURANCE COMPANY......................... ARIZONA..................................................................... .......YRT/G............ ..................................... ........................21,145 ..................................... ..................................... ..................................... .....................................<br />
0299999. Total - General Account, Non-Affiliates................................................................................. ....................................................................................................................... ........400,393,579,554 ............7,780,176,655 ............1,368,878,967 ...............401,636,164 ...............193,400,495 .................49,453,641<br />
0399999. Total - General Account........................................................................................................ ....................................................................................................................... ........420,631,898,347 ............8,472,312,781 ............1,446,234,157 ...............433,218,395 ...............193,400,495 .................49,453,641<br />
0799999. Totals..................................................................................................................................... ....................................................................................................................... ........420,631,898,347 ............8,472,312,781 ............1,446,234,157 ...............433,218,395 ...............193,400,495 .................49,453,641
41<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 2<br />
Reinsurance Assumed Accident and Health <strong>Insurance</strong> Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reserve Reinsurance Funds<br />
NAIC Federal Type of Liability Other Than Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance Unearned for Unearned Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed Premiums Premiums Premiums Losses Reserve Coinsurance<br />
Affiliates<br />
00000.............. AA-1122008....... 12/01/1999.. LINCOLN ASSURANCE LIMITED................................................... UNITED KINGDOM................................. OTH/G............... .........................88,763 ...................................... ....................1,368,402 ....................5,252,266 ...................................... ......................................<br />
62057.............. 22-0832760....... 08/01/1985.. LINCOLN LIFE AND ANNUITY CO OF NEW YORK...................... NEW YORK............................................. CO/I................... .........................46,055 .........................20,075 .......................735,311 .........................21,614 ...................................... ......................................<br />
65676.............. 35-0472300....... 09/01/1979.. THE LINCOLN NATIONAL LIFE INSURANCE COMPANY........... INDIANA.................................................. CO/I................... .......................856,288 .......................401,859 ..................25,314,413 .......................927,394 ...................................... ......................................<br />
0199999. Total - Affiliates...................................................................................................................................... .............................................................................................. .......................991,106 .......................421,934 ..................27,418,126 ....................6,201,274 ...................................0 ...................................0<br />
Non-Affiliates<br />
79049.............. 63-0338648....... 10/01/2000.. ALFA LIFE INSURANCE CORPORATION..................................... ALABAMA................................................ OTH/I................. .................................12 ...................................... ...................................... ...................................3 ...................................... ......................................<br />
90611.............. 41-1366075....... 01/01/1989.. ALLIANZ LIFE INS CO OF NORTH AMERICA............................... MINNESOTA........................................... CO/I................... ...........................4,578 .................................50 .........................39,789 ...........................2,672 ...................................... ......................................<br />
60186.............. 36-2554642....... 03/20/1953.. ALLSTATE LIFE INSURANCE COMPANY..................................... ILLINOIS.................................................. CO/I................... ...............................790 ...............................269 ...........................3,388 ...................................... ...................................... ......................................<br />
60305.............. 38-1290976....... 04/01/1964.. AMERICAN COMMUNITY MUTUAL INS COMPANY.................... MICHIGAN............................................... CO/I................... ...............................347 ...............................133 ...........................1,544 ...................................... ...................................... ......................................<br />
60380.............. 58-0663085....... 03/01/1988.. AMERICAN FAMILY LIFE ASSUR OF COLUMBUS...................... NEBRASKA............................................. CO/I................... ........................(26,748) ...................................... ...................................... ...................................... ...................................... ......................................<br />
66672.............. 62-0306330....... 01/01/1960.. AMERICAN GENERAL LIFE AND ACC INS CO............................ TENNESSEE........................................... CO/I................... .........................16,498 ...........................6,326 .......................826,718 .......................894,105 ...................................... ......................................<br />
91785.............. 06-1323069....... 10/01/1996.. AMERICAN PHOENIX LIFE AND REASSUR CO.......................... CONNECTICUT...................................... OTH/G............... .......................190,269 ...................................... ....................7,902,917 ..................24,919,579 ...................................... ......................................<br />
19615.............. 41-0735002....... 01/01/1996.. AMERICAN RELIABLE INSURANCE COMPANY.......................... ARIZONA................................................. OTH/G............... ...................................... ...................................... .......................284,075 .......................675,102 ...................................... ......................................<br />
60895.............. 35-0145825....... 04/01/1988.. AMERICAN UNTIED LIFE INSURANCE COMPANY..................... INDIANA.................................................. OTH/G............... ...................................... ...................................... ...................................... .........................62,756 ...................................... ......................................<br />
72222.............. 05-0340166....... 08/01/1998.. AMICA LIFE INSURANCE COMPANY............................................ RHODE ISLAND...................................... OTH/I................. .........................18,400 ...............................267 .........................41,208 ...........................5,224 ...................................... ......................................<br />
61069.............. 35-0980405....... 01/02/1964.. ANTHEM LIFE INSURANCE COMPANY........................................ INDIANA.................................................. CO/I................... ...............................268 .................................75 ...............................936 ...................................... ...................................... ......................................<br />
00000.............. AA-9995012....... 01/01/1989.. ASSOC ACC & HEALTH REINS UNDERWRITERS...................... PENNSYLVANIA..................................... OTH/G............... ...........................5,895 ...................................... ....................2,041,829 ....................1,371,957 ...................................... ......................................<br />
23140.............. 59-0714428....... 01/01/1997.. ASSOCIATED INDUSTRIES INS COMPANY, INC........................ FLORIDA................................................. OTH/G............... ...................................... ...................................... .......................414,674 .......................224,719 ...................................... ......................................<br />
........................ ........................... 06/01/2000.. ASSURANCE-VIE BANQUE NATIONALE...................................... CANADA.................................................. OTH/I................. ...................................... ...................................... ...........................7,421 ...................................... ...................................... ......................................<br />
71439.............. 38-1843471....... 06/01/1989.. ASSURITY LIFE INSURANCE COMPANY..................................... NEBRASKA............................................. CO/I................... .........................12,212 .........................16,592 .......................266,824 ...........................3,246 ...................................... ......................................<br />
61190.............. 38-1814333....... 07/01/1974.. AUTO OWNERS LIFE INSURANCE COMPANY........................... MICHIGAN............................................... CO/I................... .........................30,374 ...........................7,630 .......................269,850 .........................29,675 ...................................... ......................................<br />
63932.............. 13-1970218....... 10/01/1960.. AVIVA LIFE AND ANNUITY CO OF NEW YORK........................... NEW YORK............................................. CO/I................... ...............................126 .................................30 .........................21,311 ...............................240 ...................................... ......................................<br />
61689.............. 42-0175020....... 10/01/1975.. AVIVA LIFE AND ANNUITY COMPANY......................................... IOWA....................................................... CO/I................... .........................42,752 .........................16,865 .......................498,761 .......................104,799 ...................................... ......................................<br />
00000.............. AA-1120220....... 01/01/1985.. AVON INSURANCE......................................................................... UNITED KINGDOM................................. OTH/I................. ....................8,638,610 .......................125,297 ..................23,057,063 ....................2,452,824 ...................................... ......................................<br />
00000.............. AA-1320035....... 10/01/1996.. AXA RE............................................................................................. FRANCE.................................................. OTH/G............... ...................................... ...................................... ...................................... ...............................614 ...................................... ......................................<br />
61212.............. 52-0236900....... 07/31/2000.. BALTIMORE LIFE INSURANCE COMPANY.................................. MARYLAND............................................. OTH/I................. .........................12,238 ...............................178 .......................300,787 ...........................3,475 ...................................... ......................................<br />
61263.............. 36-0770740....... 05/15/1968.. BANKERS LIFE & CASUALTY COMPANY.................................... ILLINOIS.................................................. CO/I................... .........................15,437 ...........................4,141 .......................133,091 ...........................7,326 ...................................... ......................................<br />
00000.............. AA-1460025....... 01/01/1996.. BASLER, VERSICHERUNGS-GESELLSCHAFT........................... SWITZERLAND....................................... OTH/G............... ...................................... ...................................... ...........................1,911 ...................................... ...................................... ......................................<br />
71714.............. 75-1277524....... 01/01/1971.. BERKSHIRE LIFE INS COMPANY OF AMERICA.......................... MASSACHUSETTS................................ CO/I................... .......................951,984 .......................136,568 ..................43,250,086 ....................1,581,256 ...................................... ......................................<br />
61557.............. 94-6077403....... 03/01/1988.. BLUE SHIELD OF CALIFORNIA LIFE AND HEALT....................... CALIFORNIA........................................... CO/I................... .........................10,063 ...........................2,888 .......................283,433 ...........................5,000 ...................................... ......................................<br />
00000.............. AA-1120330....... 01/01/1997.. BRAMPTON INSURANCE COMPANY LIMITED............................ UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................194,175 .......................159,351 ...................................... ......................................<br />
10701.............. 59-1835212....... 04/01/1997.. BRIDGEFIELD EMPLOYERS INSURANCE COMPANY................ FLORIDA................................................. OTH/G............... ...................................... ...................................... .......................180,448 .......................343,866 ...................................... ......................................<br />
........................ ........................... 08/01/1985.. CANADA LIFE ASSURANCE COMPANY....................................... CANADA.................................................. OTH/G............... .............................(138) ...................................... ...................................... ...................................... ...................................... ......................................<br />
........................ ........................... 05/01/1993.. CANADA LIFE ASSURANCE COMPANY....................................... CANADA.................................................. OTH/I................. .......................470,254 ...........................6,821 .......................328,655 .......................133,523 ...................................... ......................................<br />
........................ ........................... 02/29/2004.. CANADA LIFE ASSURANCE COMPANY....................................... CANADA.................................................. OTH/G............... ...........................8,675 ...................................... ....................5,611,426 .........................46,984 ...................................... ......................................<br />
00000.............. AA-3191121....... 10/01/1996.. CENTAUR UNDERWRITING MANAGEMENT LIMITED................ BERMUDA............................................... OTH/G............... ........................(36,722) ...................................... ...........................9,941 .......................623,544 ...................................... ......................................<br />
61735.............. 75-0916066....... 01/01/1978.. CENTRAL SECURITY LIFE INSURANCE COMPANY.................. TEXAS..................................................... CO/I................... ...................................... ...................................... .........................13,986 ...............................581 ...................................... ......................................<br />
61883.............. 42-0884060....... 06/15/1964.. CENTRAL UNITED LIFE INSURANCE COMPANY....................... ARKANSAS............................................. CO/I................... ...........................2,534 ...............................551 .......................115,475 ...........................8,944 ...................................... ......................................<br />
00000.............. AA-1240002....... 01/01/1995.. CHUBB INSURANCE COMPANY OF EUROPE............................ BELGIUM................................................. OTH/G............... ...................................... ...................................... .........................39,477 .........................80,869 ...................................... ......................................<br />
00000.............. AA-1240009....... 01/01/1997.. CIGNA LIFE INS CO OF EUROPE S.A.-N.V.................................. BELGIUM................................................. OTH/G............... ...................................... ...................................... ....................1,318,673 .......................913,357 ...................................... ......................................<br />
20532.............. 52-0266645....... 05/01/1997.. CLARENDON NATIONAL INSURANCE COMPANY..................... NEW JERSEY......................................... OTH/G............... ....................1,547,455 ...................................... ..................80,851,340 ..................69,857,447 ...................................... ......................................<br />
62065.............. 23-1628836....... 04/01/1992.. COLONIAL PENN LIFE INSURANCE COMPANY......................... PENNSYLVANIA..................................... CO/I................... ...................................... ...................................... .......................617,112 .........................24,368 ...................................... ......................................<br />
62065.............. 23-1628836....... 04/01/1992.. COLONIAL PENN LIFE INSURANCE COMPANY......................... PENNSYLVANIA..................................... YRT/I................. .........................70,140 .........................42,587 .......................362,721 .........................15,528 ...................................... ......................................<br />
62146.............. 36-2136262....... 10/01/1988.. COMBINED INSURANCE COMPANY OF AMERICA.................... ILLINOIS.................................................. CO/I................... .......................107,806 .........................56,462 ....................1,407,532 .........................22,978 ...................................... ......................................<br />
78697.............. 14-1537177....... 07/01/1990.. COMBINED LIFE INS COMPANY OF NEW YORK........................ NEW YORK............................................. CO/I................... .........................10,893 ...........................6,333 .......................185,346 ...........................4,548 ...................................... ......................................<br />
62308.............. 06-0303370....... 12/01/1996.. CONNECTICUT GENERAL LIFE INSURANCE COMPANY.......... CONNECTICUT...................................... OTH/G............... ...................................... ...................................... ...................................... .........................63,745 ...................................... ......................................<br />
62308.............. 06-0303370....... 01/01/1998.. CONNECTICUT GENERAL LIFE INSURANCE COMPANY.......... CONNECTICUT...................................... CO/I................... ....................9,098,311 ....................2,881,759 ..................84,414,184 .......................616,540 ...................................... ......................................<br />
79715.............. 66-0231517....... 09/01/1988.. COOPERATIVA DE SEGUROS DE VIDA DE PUERTO................ PUERTO RICO........................................ CO/I................... .........................27,915 ...........................9,856 ....................1,305,897 .........................60,002 ...................................... ......................................<br />
00000.............. AA-1561006....... 01/01/1988.. CROWN LIFE INSURANCE COMPANY......................................... CANADA.................................................. CO/I................... .........................24,197 ...........................7,600 ....................2,018,475 .........................85,235 ...................................... ......................................<br />
62626.............. 39-0230590....... 01/01/1984.. CUNA MUTUAL INSURANCE SOCIETY........................................ IOWA....................................................... CO/I................... ...........................4,063 ...........................1,996 .........................28,343 ...............................294 ...................................... ......................................<br />
........................ ........................... 07/01/1996.. EUROPEA........................................................................................ UNITED KINGDOM................................. OTH/G............... ...............................832 ...................................... ...............................498 ...................................... ...................................... ......................................<br />
63177.............. 91-0335750....... 06/05/1964.. FARMERS NEW WORLD LIFE INSURANCE COMPANY............. WASHINGTON........................................ CO/I................... ...........................1,509 ...............................831 .........................28,960 ...........................1,641 ...................................... ......................................
41.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 2<br />
Reinsurance Assumed Accident and Health <strong>Insurance</strong> Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reserve Reinsurance Funds<br />
NAIC Federal Type of Liability Other Than Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance Unearned for Unearned Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed Premiums Premiums Premiums Losses Reserve Coinsurance<br />
63177.............. 91-0335750....... 03/01/1995.. FARMERS NEW WORLD LIFE INSURANCE COMPANY............. WASHINGTON........................................ OTH/I................. .......................155,899 ...........................2,261 .......................375,014 .........................44,266 ...................................... ......................................<br />
20281.............. 13-1963496....... 01/01/1996.. FEDERAL INSURANCE COMPANY............................................... INDIANA.................................................. OTH/G............... ...................................... ...................................... ....................4,709,014 .......................321,534 ...................................... ......................................<br />
69140.............. 04-1867050....... 01/01/1997.. FIRST ALLMERICA FINANCIAL LIFE INS CO............................... MASSACHUSETTS................................ OTH/G............... ...................................... ...................................... ....................3,942,044 .......................947,961 ...................................... ......................................<br />
63495.............. 13-1968606....... 06/21/1971.. FIRST INVESTORS LIFE INSURANCE COMPANY...................... NEW YORK............................................. CO/I................... ...............................507 ...............................123 .........................41,272 ...........................2,491 ...................................... ......................................<br />
74233.............. 47-0162687....... 01/01/1958.. FIRST NATIONAL LIFE INS CO OF THE USA............................... NEBRASKA............................................. CO/I................... .................................71 ...............................630 .........................37,357 ...................................... ...................................... ......................................<br />
64297.............. 13-1898173....... 01/01/1988.. FIRST UNUM LIFE INSURANCE COMPANY................................. NEW YORK............................................. CO/I................... .......................104,922 .........................35,209 ....................4,627,067 .......................138,443 ...................................... ......................................<br />
34266.............. 13-2559805....... 01/01/1997.. FRONTIER INSURANCE COMPANY............................................. NEW YORK............................................. OTH/G............... ...................................... ...................................... ...................................... .........................47,079 ...................................... ......................................<br />
00000.............. AA-1120020....... 03/12/1992.. GE FRANKONA REASSURANCE LIMITED................................... UNITED KINGDOM................................. OTH/I................. .......................476,642 ...........................6,913 ....................1,181,193 .......................135,337 ...................................... ......................................<br />
........................ ........................... 05/01/1990.. GEMINI WORKERS COMPENSATION POOL............................... PENNSYLVANIA..................................... OTH/G............... ...................................... ...................................... ....................3,374,726 .........................29,067 ...................................... ......................................<br />
86258.............. 13-2572994....... 01/01/1995.. GENERAL RE LIFE CORPORATION............................................. CONNECTICUT...................................... CO/I................... .........................32,844 ...........................6,612 .......................315,009 ...................................... ...................................... ......................................<br />
86258.............. 13-2572994....... 01/01/1988.. GENERAL RE LIFE CORPORATION............................................. CONNECTICUT...................................... OTH/G............... ...................................... ...................................... ....................4,996,473 ...................................... ...................................... ......................................<br />
65536.............. 54-0283385....... 07/28/1955.. GENWORTH LIFE AND ANNUITY INS COMPANY....................... VIRGINIA................................................. CO/I................... .........................12,296 ...............................814 .........................62,173 ...........................2,940 ...................................... ......................................<br />
00000.............. AA-1340095....... 01/01/1996.. GERLING GLOBALE RUCKVERSICHERUNGS-AG..................... GERMANY............................................... OTH/G............... ...................................... ...................................... ...................................... ........................(29,200) ...................................... ......................................<br />
56154.............. 38-0580730....... 08/01/1973.. GLEANER LIFE INSURANCE SOCIETY........................................ MICHIGAN............................................... CO/I................... ...........................2,209 ...............................820 .......................131,779 ...........................3,240 ...................................... ......................................<br />
63924.............. 95-0780930....... 05/01/1975.. GOLDEN STATE MUTUAL LIFE INS COMPANY.......................... CALIFORNIA........................................... CO/G................. ...................................... ...................................... ...............................962 ...............................180 ...................................... ......................................<br />
00000.............. AA-1340125....... 01/01/1993.. HANNOVER RUCKVERSICHERUNG AG...................................... GERMANY............................................... OTH/I................. .......................472,527 ...........................6,854 .......................660,989 .......................134,168 ...................................... ......................................<br />
00000.............. AA-1340093....... 01/01/1996.. HDI-GERLING INDUSTRIE VERSICHERUNG AG........................ GERMANY............................................... OTH/G............... ...................................... ...................................... ...................................... .............................(133) ...................................... ......................................<br />
00000.............. AA-1120782....... 04/01/1996.. IGI INSURANCE COMPANY LTD................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... ...........................1,301 ...................................... ...................................... ......................................<br />
64580.............. 37-0344290....... 02/06/1998.. ILLINOIS MUTUAL LIFE INSURANCE COMPANY........................ ILLINOIS.................................................. OTH/I................. .........................38,582 ...............................560 .........................49,615 .........................10,955 ...................................... ......................................<br />
00000.............. AA-1360020....... 07/01/1996.. INA ASSITALIA S.P.A...................................................................... ITALY....................................................... OTH/G............... ...................................... ...................................... ...........................6,704 ...................................... ...................................... ......................................<br />
63487.............. 23-1632193....... 07/25/1967.. INVESTORS LIFE INS CO OF NORTH AMERICA......................... TEXAS..................................................... CO/I................... ...........................3,706 ...........................2,194 .........................34,842 ...............................895 ...................................... ......................................<br />
65056.............. 38-1659835....... 07/01/1991.. JACKSON NATIONAL LIFE INSURANCE COMPANY.................. MICHIGAN............................................... CO/I................... ...................................... ...................................... .........................75,000 ...................................... ...................................... ......................................<br />
65056.............. 38-1659835....... 11/01/1984.. JACKSON NATIONAL LIFE INSURANCE COMPANY.................. MICHIGAN............................................... OTH/I................. ...........................4,828 .................................70 ...........................8,031 ...........................1,371 ...................................... ......................................<br />
65838.............. 01-0233346....... 09/01/1995.. JOHN HANCOCK LIFE INS COMPANY (U.S.A.)........................... MICHIGAN............................................... OTH/G............... ....................1,643,497 ...................................... ...................................... ...................................... ...................................... ......................................<br />
65099.............. 04-1414660....... 01/01/1997.. JOHN HANCOCK LIFE INSURANCE COMPANY.......................... MASSACHUSETTS................................ OTH/G............... ..................11,881,077 ...................................... ...................................... ...................................... ...................................... ......................................<br />
65110.............. 57-0380426....... 07/01/1981.. KANAWHA INSURANCE COMPANY............................................. SOUTH CAROLINA................................ CO/I................... ...............................113 .................................29 .........................10,583 ...........................1,372 ...................................... ......................................<br />
00000.............. AA-9995096....... 05/01/1993.. LDG REINSURANCE UNDERWRITERS........................................ MASSACHUSETTS................................ OTH/G............... ...............................551 ...................................... ...................................... .......................306,909 ...................................... ......................................<br />
24422.............. 23-1892289....... 05/01/1997.. LEGION INSURANCE COMPANY.................................................. PENNSYLVANIA..................................... OTH/G............... ......................(148,433) ...................................... .......................913,321 ....................6,357,259 ...................................... ......................................<br />
65331.............. 63-0124600....... 07/01/1976.. LIBERTY NATIONAL LIFE INSURANCE COMPANY.................... NEBRASKA............................................. CO/I................... ...............................263 .................................80 .........................15,773 ...........................1,513 ...................................... ......................................<br />
00000.............. AA-1123000....... 01/01/1997.. LLOYDS CONSORTIUM 9027 R.J. BLUNT.................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................157,597 ......................(180,190) ...................................... ......................................<br />
00000.............. AA-1126957....... 07/01/1996.. LLOYD'S OF LONDON SYNDICATE 957....................................... UNITED KINGDOM................................. OTH/G............... .........................21,585 ...................................... ....................1,824,469 ....................1,685,016 ...................................... ......................................<br />
00000.............. AA-1121402....... 01/23/1995.. LONDON ASSURANCE................................................................... UNITED KINGDOM................................. OTH/I................. .................(32,953,015) ...................................... ...................................... ...................................... ...................................... ......................................<br />
00000.............. AA-1561031....... 07/01/1997.. LONDON LIFE INSURANCE COMPANY........................................ CANADA.................................................. OTH/G............... ...................................... ...................................... .......................246,501 .......................228,145 ...................................... ......................................<br />
65781.............. 39-0990296....... 03/01/1963.. MADISON NATIONAL LIFE INSURANCE COMPANY................... WISCONSIN............................................ CO/I................... ...............................205 .................................52 ...............................473 ...................................... ...................................... ......................................<br />
61018.............. 57-6037491....... 07/15/1987.. MAGNA INSURANCE COMPANY................................................... MISSISSIPPI........................................... OTH/G............... ...........................7,935 ...........................2,608 ...................................... ...........................9,326 ...................................... ......................................<br />
00000.............. AA-1561007....... 09/01/1995.. MANUFACTURERS LIFE INSURANCE COMPANY...................... CANADA.................................................. OTH/G............... .........................20,466 ...................................... ...................................... ...................................... ...................................... ......................................<br />
87726.............. 06-0566090....... 10/01/1976.. METLIFE INSURANCE COMPANY OF CONNECTICUT............... CONNECTICUT...................................... CO/I................... ....................2,246,298 .......................641,007 ..................19,343,959 .......................600,771 ...................................... ......................................<br />
00000.............. AA-1930041....... 06/01/1999.. METLIFE INSURANCE LIMITED..................................................... AUSTRALIA............................................. OTH/I................. ...................(3,117,458) ...................................... ...................................... ...................................... ...................................... ......................................<br />
65978.............. 13-5581829....... 04/01/1978.. METROPOLITAN LIFE INSURANCE COMPANY.......................... NEW YORK............................................. CO/I................... ....................3,668,779 ....................1,043,851 ..................58,082,178 ....................3,376,338 ...................................... ......................................<br />
66168.............. 41-0417830....... 01/01/1990.. MINNESOTA LIFE INSURANCE COMPANY................................. MINNESOTA........................................... CO/I................... ...........................5,953 ...........................2,661 .......................131,455 ...............................276 ...................................... ......................................<br />
00000.............. AA-1120980....... 01/01/1996.. MINSTER INSURANCE COMPANY LIMITED................................ UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................137,945 .......................119,604 ...................................... ......................................<br />
00000.............. AA-1930605....... 07/15/1994.. MLC INSURANCE LIMITED............................................................ AUSTRALIA............................................. OTH/I................. .................................(4) ...................................... ...................................... .................................(1) ...................................... ......................................<br />
57541.............. 36-1493430....... 01/05/1971.. MODERN WOODMEN OF AMERICA............................................. ILLINOIS.................................................. CO/I................... ...........................5,407 ...........................1,745 .......................187,536 .........................12,980 ...................................... ......................................<br />
66265.............. 04-1630650....... 01/01/1990.. MONARCH LIFE INSURANCE COMPANY.................................... MASSACHUSETTS................................ CO/I................... ..................21,483,781 ....................2,720,003 ................481,077,494 ..................11,336,031 ...................................... ......................................<br />
66281.............. 52-0419790....... 08/20/1971.. MONUMENTAL LIFE INSURANCE COMPANY............................. IOWA....................................................... CO/I................... .................................87 ...................................... ...................................... ...................................... ...................................... ......................................<br />
66281.............. 52-0419790....... 10/01/1997.. MONUMENTAL LIFE INSURANCE COMPANY............................. IOWA....................................................... OTH/G............... ...................................... ...................................... ....................3,359,203 ....................1,477,971 ...................................... ......................................<br />
66281.............. 52-0419790....... 02/01/1994.. MONUMENTAL LIFE INSURANCE COMPANY............................. IOWA....................................................... OTH/I................. ....................2,814,603 .........................40,824 ....................5,179,687 .......................799,171 ...................................... ......................................<br />
66370.............. 13-1632487....... 05/01/1987.. MONY LIFE INSURANCE COMPANY............................................ NEW YORK............................................. CO/I................... .......................614,997 .......................155,406 ....................7,903,506 .......................256,723 ...................................... ......................................<br />
61409.............. 23-1618791....... 03/31/1980.. NATIONAL BENEFIT LIFE INS. CO................................................ NEW YORK............................................. OTH/1............... ...........................5,291 ...........................1,022 ...........................9,778 ...................................... ...................................... ......................................<br />
66583.............. 39-0493780....... 07/01/1966.. NATIONAL GUARDIAN LIFE INSURANCE COMPANY................ WISCONSIN............................................ CO/I................... .........................46,993 .........................15,164 .......................256,587 ...........................8,162 ...................................... ......................................<br />
66680.............. 03-0144090....... 02/01/1981.. NATIONAL LIFE INSURANCE COMPANY..................................... VERMONT............................................... CO/I................... .......................298,876 .........................89,317 ..................11,620,946 .......................619,982 ...................................... ......................................<br />
72087.............. 66-0276881....... 04/03/1986.. NATIONAL LIFE INSURANCE COMPANY..................................... PUERTO RICO........................................ CO/I................... .........................75,968 .........................23,729 .......................414,821 .......................354,221 ...................................... ......................................
41.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 2<br />
Reinsurance Assumed Accident and Health <strong>Insurance</strong> Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reserve Reinsurance Funds<br />
NAIC Federal Type of Liability Other Than Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance Unearned for Unearned Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed Premiums Premiums Premiums Losses Reserve Coinsurance<br />
56073.............. 39-0494090....... 07/01/1970.. NATIONAL MUTUAL BENEFIT....................................................... WISCONSIN............................................ CO/I................... ...........................5,970 ...........................3,628 .........................66,806 ...........................1,814 ...................................... ......................................<br />
68225.............. 23-0990450....... 02/01/1984.. NATIONWIDE LIFE INS COMPANY OF AMERICA....................... PENNSYLVANIA..................................... CO/I................... ...................................... ...............................389 ....................1,306,678 .........................37,523 ...................................... ......................................<br />
66915.............. 13-5582869....... 10/01/1983.. NEW YORK LIFE INSURANCE COMPANY................................... NEW YORK............................................. CO/I................... .........................43,412 .........................22,277 .......................309,679 .........................11,174 ...................................... ......................................<br />
68349.............. 39-1052096....... 12/01/1987.. NORTH AMERICAN INSURANCE COMPANY............................... WISCONSIN............................................ CO/I................... ...........................1,430 ...............................561 ...........................6,364 ...................................... ...................................... ......................................<br />
29874.............. 02-0311919....... 08/01/1988.. NORTH AMERICAN SPECIALTY INS COMPANY......................... NEW HAMPSHIRE.................................. OTH/I................. ...................................... ...................................... ..................13,881,387 ...................................... ...................................... ......................................<br />
67059.............. 91-0782008....... 05/01/1972.. NORTH COAST LIFE INSURANCE COMPANY............................ WASHINGTON........................................ CO/I................... .................................43 .................................32 ...........................7,141 ...............................878 ...................................... ......................................<br />
00000.............. AA-1380165....... 07/01/1983.. NRG NEDERLANDSE REASSURANTIE GROEP.......................... NETHERLANDS...................................... OTH/I................. .............................(882) ...............................(13) ...........................6,409 .............................(251) ...................................... ......................................<br />
........................ ........................... 01/01/1996.. OPTIMUM GENERAL INC............................................................... CANADA.................................................. OTH/G............... ...................................... ...................................... .........................10,269 ...................................... ...................................... ......................................<br />
64343.............. 99-0108050....... 11/13/1963.. PACIFIC GUARDIAN LIFE INS COMPANY, LTD........................... HAWAII.................................................... CO/I................... ...........................3,054 ...........................1,064 .........................68,071 ...........................2,345 ...................................... ......................................<br />
64343.............. 99-0108050....... 06/01/1996.. PACIFIC GUARDIAN LIFE INS COMPANY, LTD........................... HAWAII.................................................... OTH/I................. .................................14 ...................................... ...................................... ...................................4 ...................................... ......................................<br />
67539.............. 72-0281240....... 07/01/1981.. PAN AMERICAN LIFE INSURANCE COMPANY........................... LOUISIANA.............................................. CO/I................... ....................1,299,772 .......................363,787 ..................16,921,395 .......................672,955 ...................................... ......................................<br />
67644.............. 23-0952300....... 01/01/1995.. PENN MUTUAL LIFE INSURANCE COMPANY............................. PENNSYLVANIA..................................... CO/I................... ....................3,309,432 .......................494,925 ..................66,397,818 ....................1,225,665 ...................................... ......................................<br />
67814.............. 06-0493340....... 10/01/1996.. PHOENIX LIFE INSURANCE COMPANY....................................... NEW YORK............................................. OTH/G............... ...................................... ...................................... ...................................... .........................92,848 ...................................... ......................................<br />
68136.............. 63-0169720....... 08/01/1969.. PROTECTIVE LIFE INSURANCE COMPANY................................ TENNESSEE........................................... CO/I................... ...............................172 ...........................1,154 .........................29,384 ...........................2,158 ...................................... ......................................<br />
68195.............. 62-0331200....... 02/01/1984.. PROVIDENT LIFE & ACCIDENT INS COMPANY.......................... TENNESSEE........................................... CO/I................... ...................................... ...................................... ..................23,928,643 .......................873,327 ...................................... ......................................<br />
........................ ........................... 11/06/1997.. PT ASURANSI LIPPO LIFE............................................................. INDONESIA............................................. OTH/I................. .........................35,064 ...............................509 .........................35,488 ...........................9,956 ...................................... ......................................<br />
68284.............. 48-0557726....... 06/01/1991.. PYRAMID LIFE INSURANCE COMPANY....................................... KANSAS.................................................. CO/I................... .........................70,935 .........................17,068 .......................923,178 ...........................2,541 ...................................... ......................................<br />
........................ ........................... 01/01/1997.. RATTNER MACKENZIE LIMITED................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .........................17,893 .........................34,068 ...................................... ......................................<br />
00000.............. AA-1560071....... 02/01/1984.. RBC LIFE INSURANCE COMPANY................................................ CANADA.................................................. CO/I................... ......................(156,583) ...................................... ...................................... ...................................... ...................................... ......................................<br />
70211.............. 23-6200031....... 10/01/1962.. REASSURE AMERICA LIFE INSURANCE COMPANY................. INDIANA.................................................. CO/I................... ....................5,553,000 ....................2,054,810 ................146,072,439 ....................6,053,752 ...................................... ......................................<br />
70211.............. 23-6200031....... 01/01/1997.. REASSURE AMERICA LIFE INSURANCE COMPANY................. INDIANA.................................................. YRT/I................. .........................10,880 ...............................453 ...................................... ...................................... ...................................... ......................................<br />
67105.............. 41-0451140....... 11/01/1996.. RELIASTAR LIFE INSURANCE COMPANY................................... MINNESOTA........................................... OTH/G............... ...................................... ...................................... ...........................3,178 .........................43,126 ...................................... ......................................<br />
31089.............. 86-0274508....... 12/23/1996.. REPUBLIC WESTERN INSURANCE COMPANY.......................... ARIZONA................................................. OTH/G............... .........................30,806 ...................................... ....................1,827,455 .......................815,106 ...................................... ......................................<br />
61506.............. 47-0482911....... 01/01/2001.. RESOURCE LIFE INSURANCE COMPANY.................................. ILLINOIS.................................................. OTH/G............... ...................(2,758,014) ..................11,020,722 ...................................... ..................11,380,748 ...................................... ..................22,950,243<br />
........................ ........................... 08/13/1996.. ROYAL AND SUN ALLIANCE INSURANCE LIMITED................... SINGAPORE........................................... OTH/I................. .........................84,532 ...........................1,226 .......................179,445 .........................24,002 ...................................... ......................................<br />
00000.............. AA-1360210....... 04/01/1997.. S.I.A.T. - SOCIETA ITALIANA ASSICURAZION............................. ITALY....................................................... OTH/G............... ...................................... ...................................... .................................86 ...................................... ...................................... ......................................<br />
........................ ........................... 04/01/1996.. SAUDI GENERAL INSURANCE COMPANY.................................. UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... ...................................... ...........................8,221 ...................................... ......................................<br />
00000.............. AA-1320275....... 01/01/2002.. SCOR GLOBAL LIFE....................................................................... FRANCE.................................................. OTH/I................. ....................3,387,604 .........................49,135 ....................2,710,009 .......................961,867 ...................................... ......................................<br />
00000.............. AA-1240175....... 01/01/1997.. SECURA BELGIAN RE.................................................................... BELGIUM................................................. OTH/G............... ...................................... ...................................... .........................53,520 ..........................(2,296) ...................................... ......................................<br />
68721.............. 41-0808596....... 04/15/1969.. SECURITY LIFE INS COMPANY OF AMERICA............................ MINNESOTA........................................... CO/I................... .........................13,113 ...........................4,764 .......................147,676 ...........................5,495 ...................................... ......................................<br />
........................ ........................... 06/01/1999.. SEGUROS DE VIDA SANTANDER SA........................................... CHILE...................................................... OTH/G............... ...................................... ...................................... .......................324,483 ...................................... ...................................... ......................................<br />
68829.............. 16-0919109....... 01/01/1967.. SENTRY LIFE INS COMPANY OF NEW YORK............................. NEW YORK............................................. CO/I................... ...............................471 ...............................145 ...........................1,685 .................................16 ...................................... ......................................<br />
68810.............. 39-6040276....... 06/01/1966.. SENTRY LIFE INSURANCE COMPANY........................................ WISCONSIN............................................ CO/I................... ...............................415 ...............................161 .........................53,568 ...........................3,011 ...................................... ......................................<br />
57142.............. 41-0547795....... 01/01/1975.. SONS OF NORWAY........................................................................ MINNESOTA........................................... CO/I................... .........................27,940 .........................11,873 .......................436,969 .........................27,953 ...................................... ......................................<br />
00000.............. AA-9995074....... 04/01/1994.. SRRF (SPECIAL RISK REINS FACILITY) MGMT,......................... MASSACHUSETTS................................ OTH/G............... ...................................... ...................................... ...................................... .......................293,110 ...................................... ......................................<br />
25178.............. 37-0533100....... 10/01/1994.. STATE FARM MUTUAL AUTOMOBILE INSURANCE................... ILLINOIS.................................................. YRT/I................. .......................111,744 ...........................5,324 .......................630,778 .........................54,472 ...................................... ......................................<br />
00000.............. AA-1561039....... 10/01/1996.. SUN LIFE ASSURANCE COMPANY OF CANADA........................ CANADA.................................................. OTH/G............... ...................................... ...................................... ....................6,706,538 ..................24,587,101 ...................................... ......................................<br />
82627.............. 06-0839705....... 01/01/1988.. SWISS RE LIFE & HEALTH AMERICA, INC................................... CONNECTICUT...................................... CO/I................... .......................398,005 .......................124,578 ....................4,294,192 .......................116,263 ...................................... ......................................<br />
82627.............. 06-0839705....... 01/30/1998.. SWISS RE LIFE & HEALTH AMERICA, INC................................... CONNECTICUT...................................... OTH/G............... .........................72,349 .........................19,441 .......................777,651 .........................37,879 ...................................... ......................................<br />
86258.............. 13-2572994....... 06/15/1964.. SYMETRA LIFE INSURANCE COMPANY..................................... WASHINGTON........................................ CO/I................... .........................59,333 .........................29,816 .......................985,979 .........................34,799 ...................................... ......................................<br />
68608.............. 91-0742147....... 10/05/1987.. SYMETRA LIFE INSURANCE COMPANY..................................... WASHINGTON........................................ OTH/I................. .........................13,537 ...............................196 .........................40,234 ...........................3,844 ...................................... ......................................<br />
00000.............. AA-1127003....... 01/01/1997.. SYND 1003 CATLIN UNDERWRITING AGENCIES L.................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... ...........................4,637 ...........................2,986 ...................................... ......................................<br />
00000.............. AA-1127038....... 01/01/1995.. SYND 1038 J D FENN..................................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .........................23,285 ...............................111 ...................................... ......................................<br />
00000.............. AA-1127101....... 01/01/1997.. SYND 1101 DUNCANSON & HOLT SYND MGMT LTD................ UNITED KINGDOM................................. OTH/G............... ...........................4,675 ...................................... .........................30,729 ...................................... ...................................... ......................................<br />
00000.............. AA-1126112....... 01/01/1997.. SYND 112/114/316 M J WHITE....................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .........................46,151 ...........................2,831 ...................................... ......................................<br />
00000.............. AA-1127185....... 01/01/1995.. SYND 1185 D T CAREY.................................................................. UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................228,001 .......................109,694 ...................................... ......................................<br />
00000.............. AA-1126376....... 01/01/1997.. SYND 376......................................................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................146,478 .........................82,836 ...................................... ......................................<br />
00000.............. AA-1126456....... 01/01/1995.. SYND 456 LIMIT UNDERWRITING LTD......................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................170,319 .........................80,374 ...................................... ......................................<br />
00000.............. AA-1126048....... 01/01/1996.. SYND 48 ARIEL GROUP................................................................. UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .........................32,823 ...................................... ...................................... ......................................<br />
00000.............. AA-1126053....... 01/01/1995.. SYND 53........................................................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................171,824 .........................38,636 ...................................... ......................................<br />
00000.............. AA-1126861....... 01/01/1995.. SYND 861......................................................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... ...........................8,230 .................................34 ...................................... ......................................<br />
00000.............. AA-1126925....... 01/01/1996.. SYND 925 L HUDSON..................................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... ...............................785 ...................................... ...................................... ......................................
41.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 1 - SECTION 2<br />
Reinsurance Assumed Accident and Health <strong>Insurance</strong> Listed by Reinsured <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12<br />
Reserve Reinsurance Funds<br />
NAIC Federal Type of Liability Other Than Payable on Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance Unearned for Unearned Paid and Unpaid Coinsurance Under<br />
Code Number Date Name of Reinsured Location Assumed Premiums Premiums Premiums Losses Reserve Coinsurance<br />
00000.............. AA-1126959....... 01/01/1995.. SYND 959......................................................................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .......................529,062 .........................74,574 ...................................... ......................................<br />
86231.............. 39-0989781....... 07/01/1970.. TRANSAMERICA LIFE INSURANCE COMPANY.......................... IOWA....................................................... CO/G................. ..........................(1,445) ...................................... ...................................... ...................................... ...................................... ......................................<br />
86231.............. 39-0989781....... 09/01/1956.. TRANSAMERICA LIFE INSURANCE COMPANY.......................... IOWA....................................................... CO/I................... .........................16,633 ...........................5,059 .......................400,755 .........................23,699 ...................................... ......................................<br />
86231.............. 39-0989781....... 07/01/1996.. TRANSAMERICA LIFE INSURANCE COMPANY.......................... IOWA....................................................... OTH/G............... ...................................... ...................................... ...................................... .........................63,006 ...................................... ......................................<br />
86231.............. 39-0989781....... 12/01/1993.. TRANSAMERICA LIFE INSURANCE COMPANY.......................... IOWA....................................................... YRT/I................. ...........................8,152 ...............................384 ...................................... ...................................... ...................................... ......................................<br />
73814.............. 66-0258488....... 10/01/1988.. TRIPLE-S VIDA, INC........................................................................ PUERTO RICO........................................ CO/I................... .........................50,012 .........................22,577 ....................1,985,230 .........................81,723 ...................................... ......................................<br />
61425.............. 36-0792925....... 01/01/1990.. TRUSTMARK INSURANCE COMPANY......................................... ILLINOIS.................................................. CO/I................... ....................2,280,553 .......................669,518 ..................25,695,943 .......................758,044 ...................................... ......................................<br />
00000.............. AA-9995107....... 03/01/1995.. UNICOVER MANAGERS OCCUPATIONAL ACC POOL............... ILLINOIS.................................................. OTH/G............... .......................141,322 ...................................... ..................31,663,108 ..................68,793,230 ...................................... ......................................<br />
11121.............. 43-1917728....... 09/07/1955.. UNIFIED LIFE INSURANCE COMPANY......................................... TEXAS..................................................... CO/I................... ...........................7,527 ...........................3,008 .......................196,613 .........................11,203 ...................................... ......................................<br />
80837.............. 31-0472910....... 02/01/1968.. UNION CENTRAL LIFE INSURANCE COMPANY......................... OHIO........................................................ YRT/I................. ...............................287 ...............................118 ...........................1,588 ...................................... ...................................... ......................................<br />
62596.............. 31-0252460....... 01/01/1978.. UNION FIDELITY LIFE INSURANCE COMPANY.......................... ILLINOIS.................................................. CO/G................. ...................................... ...................................... .......................467,062 .......................290,726 ...................................... ......................................<br />
69892.............. 35-1097117....... 09/01/1974.. UNITED FARM FAMILY LIFE INS COMPANY............................... INDIANA.................................................. CO/I................... ...........................6,515 ...........................3,062 .........................35,346 ...................................... ...................................... ......................................<br />
63479.............. 58-0869673....... 07/01/1949.. UNITED TEACHERS ASSOCIATES INS COMPANY.................... TEXAS..................................................... CO/I................... .......................137,621 .........................64,100 ....................4,235,433 .......................221,584 ...................................... ......................................<br />
70114.............. 15-0475585....... 11/01/1965.. UNITY MUTUAL LIFE INSURANCE COMPANY............................ NEW YORK............................................. CO/I................... ...............................282 ...........................1,468 .......................115,190 ...........................1,254 ...................................... ......................................<br />
70114.............. 15-0475585....... 11/01/1965.. UNITY MUTUAL LIFE INSURANCE COMPANY............................ NEW YORK............................................. YRT/I................. ...............................118 ...........................1,858 .......................148,988 ...................................... ...................................... ......................................<br />
70130.............. 31-0727974....... 12/01/1965.. UNIVERSAL GUARANTY LIFE INS COMPANY............................ OHIO........................................................ CO/I................... ...........................3,279 ...........................1,694 .........................54,454 ...........................5,219 ...................................... ......................................<br />
70181.............. 88-0056592....... 01/01/1972.. UNIVERSE LIFE INSURANCE COMPANY.................................... IDAHO...................................................... CO/I................... ...........................1,425 ...............................426 .........................37,347 ...........................2,025 ...................................... ......................................<br />
62235.............. 01-0278678....... 01/01/1988.. UNUM LIFE INSURANCE COMPANY OF AMERICA.................... MAINE...................................................... CO/I................... ......................(194,028) .......................671,386 ..................72,347,058 ....................3,134,853 ...................................... ......................................<br />
62235.............. 01-0278678....... 01/01/1996.. UNUM LIFE INSURANCE COMPANY OF AMERICA.................... MAINE...................................................... OTH/G............... .........................55,701 ...................................... ...........................4,266 .........................24,383 ...................................... ......................................<br />
62235.............. 01-0278678....... 01/01/1977.. UNUM LIFE INSURANCE COMPANY OF AMERICA.................... MAINE...................................................... YRT/I................. .........................17,952 .........................21,117 .......................272,457 ...................................... ...................................... ......................................<br />
69663.............. 74-1472662....... 01/01/1989.. USAA LIFE INSURANCE COMPANY............................................. TEXAS..................................................... CO/I................... ......................(212,361) ...................................... ...................................... ...................................... ...................................... ......................................<br />
69663.............. 74-1472662....... 01/01/1999.. USAA LIFE INSURANCE COMPANY............................................. TEXAS..................................................... OTH/I................. .......................667,597 ...........................9,683 ....................1,101,846 .......................189,556 ...................................... ......................................<br />
70483.............. 31-0487145....... 11/05/2001.. WESTERN AND SOUTHERN LIFE INS COMPANY...................... OHIO........................................................ OTH/I................. ...........................4,961 .................................72 ...........................2,245 ...........................1,409 ...................................... ......................................<br />
66230.............. 13-1976260....... 06/01/1966.. WILLIAM PENN LIFE INS CO OF NEW YORK.............................. NEW YORK............................................. CO/I................... ...........................2,935 ...........................1,342 .......................152,158 ...........................7,403 ...................................... ......................................<br />
00000.............. AA-9993213....... 05/05/1996.. WILLIS FABER AND DUMAS LIMITED.......................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... .........................22,807 ...........................3,826 ...................................... ......................................<br />
57290.............. 11-1488600....... 03/01/1969.. WORKMEN'S BENEFIT FUND OF USA......................................... NEW YORK............................................. CO/I................... .........................11,057 ...........................5,999 .......................177,419 .........................20,288 ...................................... ......................................<br />
70629.............. 47-0339860....... 05/01/1988.. WORLD INSURANCE COMPANY.................................................. NEBRASKA............................................. CO/I................... ...........................3,663 ...................................9 .........................66,978 ...........................4,000 ...................................... ......................................<br />
........................ ........................... 03/01/1989.. ZIMMERMAN REINSURANCE GROUP......................................... NEW JERSEY......................................... OTH/G............... ...................................... ...................................... ...............................284 ...........................3,570 ...................................... ......................................<br />
00000.............. AA-1120001....... 01/01/1997.. ZURICH SPECIALTIES LONDON LIMITED................................... UNITED KINGDOM................................. OTH/G............... ...................................... ...................................... ...................................... ....................1,578,119 ...................................... ......................................<br />
0299999. Total - Non-Affiliates.............................................................................................................................. .............................................................................................. ..................45,822,658 ..................23,843,569 .............1,303,924,044 ................257,596,760 ...................................0 ..................22,950,243<br />
0399999. Totals..................................................................................................................................................... .............................................................................................. ..................46,813,764 ..................24,265,503 .............1,331,342,170 ................263,798,034 ...................................0 ..................22,950,243
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 2<br />
Reinsurance Recoverable on Paid and Unpaid Losses Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7<br />
NAIC Federal<br />
<strong>Company</strong> ID Effective<br />
Code Number Date Name of <strong>Company</strong> Location Paid Losses Unpaid Losses<br />
<strong>Life</strong> and Annuity - Affiliates<br />
12757............. 20-3743123...... .......10/01/2006 LFG SOUTH CAROLINA REINSURANCE COMPANY............. SOUTH CAROLINA........................... .................................. .................4,200,000<br />
62057............. 22-0832760...... .......01/01/2001 LINCOLN LIFE & ANNUITY CO OF NEW YORK...................... NEW YORK....................................... .................................. ........................2,340<br />
00000............. AA-3160057..... .......12/01/2005 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS....................................... LTD<br />
.................................. .................1,141,572<br />
00000............. AA-3160057..... .......10/01/2003 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS....................................... LTD<br />
.................................. ....................863,655<br />
00000............. AA-3160057..... .......01/01/2001 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS....................................... LTD<br />
.................................. .................1,294,106<br />
00000............. AA-3160057..... .......07/01/2003 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS....................................... LTD<br />
...............20,546,563 ..................................<br />
65676............. 35-0472300...... .......01/01/1989 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY...... INDIANA............................................ ....................201,165 .................4,434,326<br />
65676............. 35-0472300...... .......01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY...... INDIANA............................................ .................................. ....................443,513<br />
65676............. 35-0472300...... .......05/01/2000 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY...... INDIANA............................................ .................................. ....................705,816<br />
65676............. 35-0472300...... .......01/01/1960 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY...... INDIANA............................................ ......................20,888 ....................729,973<br />
65676............. 35-0472300...... .......01/01/1999 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY...... INDIANA............................................ ......................51,619 ....................118,528<br />
0199999. Total - Affiliates............................................................................................................................................................................................... ...............20,820,235 ...............13,933,829<br />
<strong>Life</strong> and Annuity - Non-Affiliates<br />
60038............. 53-0022880...... .......01/01/1982 ACACIA LIFE INSURANCE COMPANY.................................... DISTRICT OF COLUMBIA................. .................................. .............................21<br />
60348............. 22-1771521...... .......06/01/2006 ACE LIFE INSURANCE COMPANY.......................................... CONNECTICUT................................. .................................. .................3,029,507<br />
60348............. 22-1771521...... .......06/01/2006 ACE LIFE INSURANCE COMPANY.......................................... CONNECTICUT................................. ......................55,552 ..................................<br />
00000............. AA-3194154..... .......04/01/2005 ACE TEMPEST LIFE REINSURANCE LTD.............................. BERMUDA......................................... .................................. ......................50,000<br />
60941............. 86-0198983...... .......03/01/1987 AIG SUNAMERICA LIFE ASSURANCE COMPANY................. ARIZONA........................................... .................................. ........................1,059<br />
00000............. AA-1460115..... .......01/01/1988 ALEA EUROPE LIMITED.......................................................... SWITZERLAND................................. ......................18,002 ......................60,885<br />
00000............. AA-1460115..... .......01/01/1986 ALEA EUROPE LIMITED.......................................................... SWITZERLAND................................. ......................27,870 ...........................949<br />
90611............. 41-1366075...... .......03/01/1987 ALLIANZ LIFE INS CO OF NORTH AMERICA......................... MINNESOTA...................................... .................................. .............................98<br />
00000............. AA-1360182..... .......11/01/1995 ALLIANZ S.P.A.......................................................................... ITALY................................................. ....................383,409 ......................79,115<br />
00000............. AA-1460080..... .......01/01/1983 ALLIANZ SUISSE INSURANCE COMPANY............................. SWITZERLAND................................. .................................. ........................9,880<br />
60275............. 59-0676017...... .......03/01/1987 AMERICAN BANKERS LIFE ASSUR CO OF FLORID............. FLORIDA........................................... .................................. ...........................102<br />
60399............. 39-6040365...... .......10/24/1986 AMERICAN FAMILY LIFE INSURANCE COMPANY................ WISCONSIN...................................... .................................. ...........................266<br />
66672............. 62-0306330...... .......01/01/1982 AMERICAN GENERAL LIFE & ACCIDENT INS CO................. TENNESSEE..................................... ......................89,984 ..................................<br />
66672............. 62-0306330...... .......08/21/1993 AMERICAN GENERAL LIFE & ACCIDENT INS CO................. TENNESSEE..................................... .................................. ...........................127<br />
60488............. 25-0598210...... .......03/01/1977 AMERICAN GENERAL LIFE INSURANCE COMPANY............ TEXAS............................................... .................................. ...............................8<br />
60895............. 35-0145825...... .......12/01/1992 AMERICAN UNITED LIFE INSURANCE COMPANY................ INDIANA............................................ .................................. ...........................936<br />
60895............. 35-0145825...... .......01/01/1952 AMERICAN UNITED LIFE INSURANCE COMPANY................ INDIANA............................................ ....................638,251 ..................................<br />
61301............. 47-0098400...... .......03/01/1987 AMERITAS LIFE INSURANCE CORP...................................... NEBRASKA....................................... .................................. ...........................674<br />
00000............. AA-1360015..... .......11/01/1995 ASSICURAZIONI GENERALI S.P.A.......................................... ITALY................................................. ....................390,145 ......................31,147<br />
61689............. 42-0175020...... .......06/25/2001 AVIVA LIFE AND ANNUITY COMPANY................................... IOWA................................................. ....................150,000 .................2,728,974<br />
68365............. 04-2729166...... .......01/24/2000 AXA CORPORATE SOLUTIONS LIFE REINSURANCE.......... DELAWARE....................................... .................1,307,419 ....................130,184<br />
62944............. 13-5570651...... .......07/01/1998 AXA EQUITABLE LIFE INSURANCE COMPANY..................... NEW YORK....................................... .................1,768,665 ....................211,927<br />
00000............. AA-1320035..... .......01/01/1992 AXA RE...................................................................................... FRANCE............................................ .................................. ........................2,401<br />
00000............. AA-1320035..... .......07/21/1993 AXA RE...................................................................................... FRANCE............................................ .................................. ........................1,560<br />
00000............. AA-3160075..... .......03/23/1993 BANK OF MONTREAL INS (BARBADOS) LIMITED................. BARBADOS....................................... ....................260,807 ........................6,414<br />
61395............. 87-0115120...... .......11/01/1995 BENEFICIAL LIFE INSURANCE COMPANY............................ UTAH................................................. .................................. ........................5,483<br />
61395............. 87-0115120...... .......01/01/1982 BENEFICIAL LIFE INSURANCE COMPANY............................ MARYLAND....................................... ....................205,482 ..................................<br />
00000............. AA-1460030..... .......01/01/1981 BERNER ALLGEMEINE VERSICHERUNGS-GESELLSC....... SWITZERLAND................................. ......................19,481 ...........................922<br />
90638............. 95-6042390...... .......01/01/1965 BEST LIFE AND HEALTH INSURANCE COMPANY................ TEXAS............................................... .................................. ......................73,736<br />
00000............. AA-1320052..... .......03/01/1989 CAISSE CENTRALE DE REASSURANCE............................... FRANCE............................................ ....................269,603 ......................81,512<br />
80659............. 38-0397420...... .......05/01/1997 CANADA LIFE ASSURANCE COMPANY................................. CANADA............................................ ......................50,000 ......................95,000<br />
80659............. 38-0397420...... .......07/01/2004 CANADA LIFE ASSURANCE COMPANY................................. MICHIGAN......................................... .................................. ...............16,540,568<br />
80659............. 38-0397420...... .......01/01/1981 CANADA LIFE ASSURANCE COMPANY................................. CANADA............................................ .................................. ......................24,000<br />
62049............. 57-0144607...... .......04/01/1997 COLONIAL LIFE AND ACCIDENT INSURANCE COMPANY... SOUTH CAROLINA........................... .................................. ....................865,463<br />
62146............. 36-2136262...... .......01/01/2001 COMBINED INSURANCE COMPANY OF AMERICA............... ILLINOIS............................................ .................................. ....................934,121<br />
84824............. 04-6145677...... .......06/24/1990 COMMONWEALTH ANNUITY AND LIFE INS CO.................... MASSACHUSETTS........................... .................................. ........................1,213<br />
84824............. 04-6145677...... .......01/01/1977 COMMONWEALTH ANNUITY AND LIFE INS CO.................... MASSACHUSETTS........................... ......................32,559 ..................................<br />
65900............. 04-2299444...... .......03/01/1987 CONSECO LIFE INSURANCE COMPANY............................... INDIANA............................................ .................................. ........................1,108<br />
00000............. AA-1340015..... .......01/01/1982 CONVERIUM RUECKVERSICHERUNG.................................. GERMANY......................................... ......................40,565 ....................612,556<br />
00000............. AA-1280067..... .......01/01/1981 COPENHAGEN REINSURANCE COMPANY LTD................... DENMARK......................................... .................................. ........................1,843<br />
00000............. AA-1580007..... .......10/24/1986 DAI-ICHI MUTUAL LIFE INSURANCE COMPANY................... JAPAN............................................... ......................74,710 ......................12,645<br />
68276............. 48-1024691...... .......06/01/1995 EMPLOYERS REASSURANCE CORPORATION.................... KANSAS............................................ .................................. ......................10,000<br />
68276............. 48-1024691...... .......05/01/2000 EMPLOYERS REASSURANCE CORPORATION.................... KANSAS............................................ ......................74,365 .................1,767,437<br />
68276............. 48-1024691...... .......01/01/1995 EMPLOYERS REASSURANCE CORPORATION.................... KANSAS............................................ .................................. ....................111,560<br />
68276............. 48-1024691...... .......01/01/1980 EMPLOYERS REASSURANCE CORPORATION.................... KANSAS............................................ .................1,762,515 ....................665,394<br />
63177............. 91-0335750...... .......03/01/1989 FARMERS NEW WORLD LIFE INSURANCE COMPANY........ WASHINGTON.................................. .................................. ......................20,767<br />
63290............. 36-1068685...... .......03/01/1977 FIDELITY LIFE ASSN, A LEGAL RESERVE LIFE.................... ILLINOIS............................................ .................................. ...............................3<br />
69140............. 04-1867050...... .......01/01/1986 FIRST ALLMERICA FINANCIAL LIFE INSURANCE CO.......... MASSACHUSETTS........................... ....................766,819 ........................2,892<br />
69140............. 04-1867050...... .......06/13/1977 FIRST ALLMERICA FINANCIAL LIFE INSURANCE CO.......... MASSACHUSETTS........................... ......................29,678 ..................................<br />
00000............. AA-1440043..... .......03/01/1987 GAMLA LIVFORSAKRINGSAKTIEBOLAGET SEB TRY.......... SWEDEN........................................... .................................. ...........................882<br />
00000............. AA-1340090..... .......01/01/1981 GE FRANKONA RUCKVERSICHERUNGS AG........................ GERMANY......................................... .................................. ....................192,946<br />
86258............. 13-2572994...... .......01/01/1995 GENERAL RE LIFE CORPORATION....................................... CONNECTICUT................................. .................1,746,236 .................5,620,792<br />
86258............. 13-2572994...... .......01/01/1995 GENERAL RE LIFE CORPORATION....................................... CONNECTICUT................................. .................1,222,516 ....................270,284<br />
86258............. 13-2572994...... .......11/01/2003 GENERAL RE LIFE CORPORATION....................................... CONNECTICUT................................. .................................. ....................349,338<br />
86258............. 13-2572994...... .......01/01/1960 GENERAL RE LIFE CORPORATION....................................... CONNECTICUT................................. ......................35,000 ....................616,434<br />
97071............. 13-3126819...... .......11/26/2001 GENERALI USA LIFE REASSURANCE COMPANY................ MISSOURI......................................... ....................148,702 ..................................<br />
97071............. 13-3126819...... .......01/01/1987 GENERALI USA LIFE REASSURANCE COMPANY................ MISSOURI......................................... .................................. ........................1,044<br />
97071............. 13-3126819...... .......01/01/1960 GENERALI USA LIFE REASSURANCE COMPANY................ MISSOURI......................................... .................................. ....................100,000<br />
97071............. 13-3126819...... .......01/01/1960 GENERALI USA LIFE REASSURANCE COMPANY................ MISSOURI......................................... .................................. ....................457,328<br />
97071............. 13-3126819...... .......04/01/2000 GENERALI USA LIFE REASSURANCE COMPANY................ MISSOURI......................................... ......................86,919 ..................................<br />
65536............. 54-0283385...... .......03/01/1977 GENWORTH LIFE AND ANNUITY INS COMPANY................. VIRGINIA........................................... .................................. ...............................4<br />
00000............. AA-1581003..... .......07/01/1998 GIBRALTAR LIFE INSURANCE COMPANY LTD..................... JAPAN............................................... .................................. ......................77,291<br />
68322............. 84-0467907...... .......07/01/1998 GREAT-WEST LIFE & ANNUITY INS COMPANY.................... COLORADO...................................... ......................74,710 ......................33,731<br />
64246............. 13-5123390...... .......04/16/1995 GUARDIAN LIFE INS COMPANY OF AMERICA...................... NEW YORK....................................... .................................. ......................39,144<br />
88340............. 59-2859797...... .......11/01/1995 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA........................................... ....................587,819 ......................92,026<br />
88340............. 59-2859797...... .......04/01/2007 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA........................................... .................................. .................7,869,769<br />
88340............. 59-2859797...... .......01/01/1982 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA........................................... ....................270,360 .................1,045,975<br />
88340............. 59-2859797...... .......08/01/1982 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA........................................... ........................3,583 ..................................<br />
00000............. AA-1340125..... .......01/01/1981 HANNOVER RUCKVERSICHERUNG AG................................ GERMANY......................................... ......................57,377 ........................3,117<br />
70815............. 06-0838648...... .......05/01/2002 HARTFORD LIFE & ACCIDENT INS CO.................................. CONNECTICUT................................. ......................37,469 ..................................<br />
71153............. 39-1052598...... .......08/01/1987 HARTFORD LIFE AND ANNUITY INS COMPANY................... CONNECTICUT................................. .................................. ...........................503<br />
88072............. 06-0974148...... .......02/05/1998 HARTFORD LIFE INSURANCE COMPANY............................. CONNECTICUT................................. ......................74,710 ......................30,668<br />
88072............. 06-0974148...... .......01/01/1979 HARTFORD LIFE INSURANCE COMPANY............................. CONNECTICUT................................. ....................226,662 ..................................<br />
93777............. 38-2341728...... .......10/01/1995 HOUSEHOLD LIFE INS CO...................................................... MICHIGAN......................................... .................................. ...............14,301,329<br />
65056............. 38-1659835...... .......01/01/1986 JACKSON NATIONAL LIFE INSURANCE COMPANY............. MICHIGAN......................................... .................................. ...........................467<br />
64017............. 75-0300900...... .......01/01/1982 JEFFERSON NATIONAL LIFE INSURANCE COMPANY......... TEXAS............................................... ......................61,497 ..................................<br />
65838............. 01-0233346...... .......01/01/2001 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)...................... MICHIGAN......................................... ....................409,839 ....................316,053<br />
65838............. 01-0233346...... .......01/01/1982 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)...................... MICHIGAN......................................... .................6,134,885 .................4,434,075<br />
65099............. 04-1414660...... .......08/17/1998 JOHN HANCOCK LIFE INSURANCE COMPANY.................... MASSACHUSETTS........................... ....................186,774 ......................66,783<br />
65129............. 44-0308260...... .......03/01/1977 KANSAS CITY LIFE INSURANCE COMPANY......................... MISSOURI......................................... .................................. ...............................1<br />
00000............. AA-1360080..... .......01/01/1981 LA FONDIARIA ASSICURAZIONI............................................. ITALY................................................. .................................. ......................28,524<br />
65242............. 35-0457540...... .......05/01/1971 LAFAYETTE LIFE INSURANCE COMPANY............................ INDIANA............................................ .................................. ...............................9<br />
42
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 2<br />
Reinsurance Recoverable on Paid and Unpaid Losses Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7<br />
NAIC Federal<br />
<strong>Company</strong> ID Effective<br />
Code Number Date Name of <strong>Company</strong> Location Paid Losses Unpaid Losses<br />
00000............. AA-1320222..... .......05/01/1980 LES MUTUELLES DU MANS I A R D....................................... FRANCE............................................ ........................1,465 ..................................<br />
65315............. 04-6076039...... .......01/01/1979 LIBERTY LIFE ASSURANCE COMPANY OF BOSTON........... MASSACHUSETTS........................... ......................71,820 ..................................<br />
65331............. 63-0124600...... .......01/01/1984 LIBERTY NATIONAL LIFE INSURANCE COMPANY............... NEBRASKA....................................... .................................. ...............................8<br />
00000............. AA-1561031..... .......04/20/1986 LONDON LIFE INSURANCE COMPANY.................................. CANADA............................................ .................................. ...........................419<br />
65870............. 13-1004640...... .......03/01/1987 MANHATTAN LIFE INSURANCE COMPANY........................... NEW YORK....................................... .................................. ...........................299<br />
65935............. 04-1590850...... .......06/28/2000 MASSACHUSETTS MUTUAL LIFE INS COMPANY................ MASSACHUSETTS........................... .................................. ...........................815<br />
65978............. 13-5581829...... .......09/01/1992 METROPOLITAN LIFE INSURANCE COMPANY..................... NEW YORK....................................... .................................. ......................10,282<br />
65978............. 13-5581829...... .......01/01/1982 METROPOLITAN LIFE INSURANCE COMPANY..................... NEW YORK....................................... .................1,693,777 ..................................<br />
66044............. 46-0164570...... .......03/01/1989 MIDLAND NATIONAL LIFE INSURANCE COMPANY.............. IOWA................................................. .................................. ......................16,710<br />
66109............. 35-0838945...... .......03/01/1987 MIDWESTERN UNITED LIFE INSURANCE COMPANY.......... INDIANA............................................ .................................. ...........................139<br />
66281............. 52-0419790...... .......01/01/1982 MONUMENTAL LIFE INSURANCE COMPANY....................... MARYLAND....................................... ....................130,596 ..................................<br />
66370............. 13-1632487...... .......03/01/1987 MONY LIFE INSURANCE COMPANY...................................... NEW YORK....................................... .................................. ........................1,328<br />
66346............. 58-0828824...... .......01/01/1999 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... .................................. ....................350,356<br />
66346............. 58-0828824...... .......06/01/1995 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... .................................. .................1,050,000<br />
66346............. 58-0828824...... .......09/27/1988 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... .................................. ........................1,334<br />
66346............. 58-0828824...... .......04/01/2007 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... .................1,279,390 .................8,596,700<br />
66346............. 58-0828824...... .......01/01/1999 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... .................................. .................4,565,825<br />
66346............. 58-0828824...... .......01/01/1980 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... .................................. ....................440,069<br />
00000............. AA-1560600..... .......05/20/1991 MUNICH REINSURANCE COMPANY OF CANADA................ CANADA............................................ .................................. ...........................692<br />
66680............. 03-0144090...... .......07/01/1998 NATIONAL LIFE INSURANCE COMPANY............................... VERMONT......................................... .................................. ......................39,546<br />
70750............. 23-1619082...... .......10/24/1986 NATIONWIDE LIFE AND ANN CO OF AMERICA.................... DELAWARE....................................... .................................. ...........................314<br />
68225............. 23-0990450...... .......01/01/1986 NATIONWIDE LIFE INS COMPANY OF AMERICA.................. PENNSYLVANIA............................... .................................. ........................1,099<br />
66869............. 31-4156830...... .......02/01/1971 NATIONWIDE LIFE INSURANCE COMPANY.......................... OHIO.................................................. .................................. .............................25<br />
66869............. 31-4156830...... .......01/01/1982 NATIONWIDE LIFE INSURANCE COMPANY.......................... OHIO.................................................. ......................26,595 ..................................<br />
00000............. AA-1460100..... .......01/01/1981 NEW REINSURANCE COMPANY OF GENEVA...................... SWITZERLAND................................. .................................. ....................136,903<br />
66915............. 13-5582869...... .......03/01/1987 NEW YORK LIFE INSURANCE COMPANY............................. NEW YORK....................................... .................................. ........................3,300<br />
66974............. 36-2428931...... .......03/01/1977 NORTH AMERICAN CO FOR LIFE & HEALTH INS................. IOWA................................................. .................................. ...............................1<br />
00000............. AA-1460100..... .......01/01/1981 NOUVELLE COMPAGNIE DE REASSURANCES.................... SWITZERLAND................................. ......................10,696 ........................1,843<br />
67172............. 31-0397080...... .......10/15/1992 OHIO NATIONAL LIFE INSURANCE COMPANY..................... OHIO.................................................. .................................. ...........................258<br />
88099............. 75-1608507...... .......04/01/2007 OPTIMUM RE INSURANCE COMPANY................................... TEXAS............................................... .................................. ....................500,000<br />
97268............. 95-3769814...... .......03/01/1987 PACIFIC LIFE & ANNUITY COMPANY..................................... ARIZONA........................................... ....................133,409 ........................2,080<br />
67466............. 95-1079000...... .......01/01/1978 PACIFIC LIFE INSURANCE CO................................................ NEBRASKA....................................... ....................197,470 ..................................<br />
00000............. AA-1120037..... .......01/01/1981 PACIFIC LIFE RE...................................................................... UNITED KINGDOM........................... ......................15,305 ....................195,846<br />
00000............. AA-1120037..... .......07/01/1998 PACIFIC LIFE RE...................................................................... UNITED KINGDOM........................... ....................312,116 ......................45,782<br />
67539............. 72-0281240...... .......08/01/1987 PAN-AMERICAN LIFE INSURANCE COMPANY..................... LOUISIANA........................................ .................................. ......................35,494<br />
00000............. AA-1320265..... .......11/01/1995 PARTNER REINSURANCE EUROPE LIMITED....................... FRANCE............................................ .................................. ......................15,887<br />
67814............. 06-0493340...... .......01/01/1995 PHOENIX LIFE INSURANCE COMPANY................................. NEW YORK....................................... ......................39,118 ..................................<br />
61271............. 42-0127290...... .......03/01/1977 PRINCIPAL LIFE INSURANCE COMPANY.............................. IOWA................................................. .................................. ...............................5<br />
68136............. 63-0169720...... .......08/01/1987 PROTECTIVE LIFE INSURANCE COMPANY.......................... TENNESSEE..................................... .................................. ...........................904<br />
68195............. 62-0331200...... .......01/01/1986 PROVIDENT LIFE AND ACCIDENT INS COMPANY............... TENNESSEE..................................... .................................. ...........................494<br />
68241............. 22-1211670...... .......03/01/1987 PRUDENTIAL INSURANCE COMPANY OF AMERICA........... NEW JERSEY.................................... .................................. ........................1,530<br />
70211............. 23-6200031...... .......01/01/1975 REASSURE AMERICA LIFE INSURANCE COMPANY............ INDIANA............................................ ....................299,118 ..................................<br />
70211............. 23-6200031...... .......03/01/1987 REASSURE AMERICA LIFE INSURANCE COMPANY............ INDIANA............................................ .................................. ...........................435<br />
67105............. 41-0451140...... .......01/01/1999 RELIASTAR LIFE INSURANCE COMPANY............................. MINNESOTA...................................... .................2,162,081 ......................79,958<br />
87017............. 62-1003368...... .......11/01/1995 REVIOS REINSURANCE U.S. INC........................................... CALIFORNIA..................................... ....................800,457 ......................15,891<br />
93572............. 43-1235868...... .......01/01/1995 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... ....................331,559 ..................................<br />
93572............. 43-1235868...... .......06/01/1995 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... ....................180,459 .................1,035,000<br />
93572............. 43-1235868...... .......03/01/1987 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... .................................. ........................2,784<br />
93572............. 43-1235868...... .......11/01/2003 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... ....................303,132 .................3,499,349<br />
93572............. 43-1235868...... .......01/01/1995 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... .................3,114,214 ...............13,980,495<br />
93572............. 43-1235868...... .......01/01/1960 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... .................1,316,316 ....................683,821<br />
00000............. AA-1360182..... .......01/01/1983 RIUNIONE ADRIATICA DI SICURTA........................................ ITALY................................................. ......................12,452 ....................129,968<br />
65005............. 41-0823832...... .......02/01/1993 RIVERSOURCE LIFE INSURANCE COMPANY....................... MINNESOTA...................................... ....................266,819 ......................63,388<br />
00000............. AA-3160046..... .......11/22/1996 ROYAL BANK OF CANADA INS COMPANY LIMITED............. BARBADOS....................................... .................................. ......................86,541<br />
60445............. 74-1915841...... .......03/01/1977 SAGICOR LIFE INSURANCE COMPANY................................ TEXAS............................................... .................................. .............................60<br />
00000............. AA-1320275..... .......01/01/2001 SCOR GLOBAL LIFE................................................................. FRANCE............................................ ....................521,872 ....................350,680<br />
87017............. 62-1003368...... .......01/01/1978 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TX...... TEXAS............................................... .................................. ....................180,409<br />
87017............. 62-1003368...... .......05/01/2000 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TX...... TEXAS............................................... .................................. ......................33,760<br />
87017............. 62-1003368...... .......05/01/2000 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TX...... TEXAS............................................... ......................53,780 ......................62,210<br />
64688............. 75-6020048...... .......01/01/1986 SCOR GLOBAL LIFE U.S. RE INS COMPANY........................ TEXAS............................................... .................................. ...........................299<br />
00000............. AA-1360270..... .......01/01/1984 SCOR ITALIA RIASSICURAZIONI............................................ ITALY................................................. .................................. ......................28,524<br />
64688............. 75-6020048...... .......01/01/1983 SCOR LIFE US REINSURANCE COMPANY............................ TEXAS............................................... ......................20,743 .................6,741,275<br />
64688............. 75-6020048...... .......04/01/2007 SCOR LIFE US REINSURANCE COMPANY............................ TEXAS............................................... ......................59,186 .................6,207,447<br />
64688............. 75-6020048...... .......11/01/2003 SCOR LIFE US REINSURANCE COMPANY............................ TEXAS............................................... .................................. ....................250,000<br />
87572............. 23-2038295...... .......12/01/2002 SCOTTISH RE (U.S.), INC........................................................ DELAWARE....................................... ......................11,990 ....................270,284<br />
87572............. 23-2038295...... .......01/01/2004 SCOTTISH RE (U.S.), INC........................................................ DELAWARE....................................... ......................62,084 .................4,287,559<br />
87572............. 23-2038295...... .......07/01/2005 SCOTTISH RE (U.S.), INC........................................................ DELAWARE....................................... .................................. ......................11,200<br />
87572............. 23-2038295...... .......01/01/1998 SCOTTISH RE (U.S.), INC........................................................ DELAWARE....................................... ....................183,173 .................1,390,000<br />
90670............. 43-1178580...... .......01/01/1999 SCOTTISH RE LIFE CORPORATION...................................... DELAWARE....................................... .................1,525,753 ....................350,356<br />
90670............. 43-1178580...... .......01/01/1986 SCOTTISH RE LIFE CORPORATION...................................... DELAWARE....................................... .................................. ...........................696<br />
90670............. 43-1178580...... .......01/01/1998 SCOTTISH RE LIFE CORPORATION...................................... DELAWARE....................................... .................................. ....................435,118<br />
90670............. 43-1178580...... .......01/01/1977 SCOTTISH RE LIFE CORPORATION...................................... DELAWARE....................................... ....................499,679 ..................................<br />
90670............. 43-1178580...... .......07/01/1986 SCOTTISH RE LIFE CORPORATION...................................... DELAWARE....................................... .................................. ....................865,291<br />
00000............. AA-1240175..... .......01/01/1983 SECURA SOCIETE DE REASSURANCE................................. BELGIUM........................................... .................................. ......................24,670<br />
68713............. 84-0499703...... .......05/04/1984 SECURITY LIFE OF DENVER INSURANCE COMPANY......... COLORADO...................................... .................................. .............................49<br />
68713............. 84-0499703...... .......01/01/1982 SECURITY LIFE OF DENVER INSURANCE COMPANY......... COLORADO...................................... ....................321,325 .................4,009,087<br />
68713............. 84-0499703...... .......01/01/1960 SECURITY LIFE OF DENVER INSURANCE COMPANY......... COLORADO...................................... .................................. .................1,566,882<br />
68713............. 84-0499703...... .......01/01/1995 SECURITY LIFE OF DENVER INSURANCE COMPANY......... COLORADO...................................... .................1,806,857 ..................................<br />
68713............. 84-0499703...... .......06/01/1995 SECURITY LIFE OF DENVER INSURANCE COMPANY......... COLORADO...................................... .................................. ....................200,000<br />
68713............. 84-0499703...... .......11/01/2003 SECURITY LIFE OF DENVER INSURANCE COMPANY......... COLORADO...................................... .................................. .................1,685,448<br />
68845............. 54-0377280...... .......01/01/1986 SHENANDOAH LIFE INSURANCE COMPANY........................ VIRGINIA........................................... .................................. ...........................618<br />
00000............. AA-1440076..... .......03/01/2001 SIRIUS INTERNATIONAL INSURANCE CORP........................ SWEDEN........................................... ....................108,114 ..................................<br />
00000............. AA-1440076..... .......01/01/2001 SIRIUS INTERNATIONAL INSURANCE CORP........................ SWEDEN........................................... ........................1,080 ..................................<br />
00000............. AA-1320295..... .......07/01/1987 SOREMA S.A............................................................................. FRANCE............................................ .................................. ......................71,027<br />
00000............. AA-1320295..... .......01/01/1982 SOREMA STE DE REASS DES ASS MUT AGRICOLES......... FRANCE............................................ ...........................327 ..................................<br />
69019............. 93-0242990...... .......10/24/1986 STANDARD INSURANCE COMPANY...................................... OREGON........................................... .................................. ...........................795<br />
00000............. AA-1561039..... .......11/22/1996 SUN LIFE ASSURANCE COMPANY OF CANADA.................. CANADA............................................ .................................. ......................25,990<br />
80802............. 38-1082080...... .......01/01/1991 SUN LIFE ASSURANCE COMPANY OF CANADA.................. MICHIGAN......................................... ....................459,695 ..................................<br />
00000............. AA-1360240..... .......01/01/1986 SWISS RE ITALIA S.P.A........................................................... ITALY................................................. .................................. .............................27<br />
82627............. 06-0839705...... .......11/01/2003 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. ....................651,358 ...............15,396,867<br />
82627............. 06-0839705...... .......12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. ......................46,174 .............351,460,679<br />
82627............. 06-0839705...... .......06/01/1995 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. .................................. ....................695,000<br />
82627............. 06-0839705...... .......01/01/1962 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. .................4,494,768 ...............19,034,332<br />
82627............. 06-0839705...... .......01/01/1960 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. ......................48,463 .................1,190,097<br />
82627............. 06-0839705...... .......09/01/2006 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. ....................601,854 ....................149,080<br />
00000............. AA-1560016..... .......12/01/2001 SWISS RE LIFE & HEALTH CANADA...................................... CANADA............................................ .................................. ........................1,285<br />
42.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 2<br />
Reinsurance Recoverable on Paid and Unpaid Losses Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7<br />
NAIC Federal<br />
<strong>Company</strong> ID Effective<br />
Code Number Date Name of <strong>Company</strong> Location Paid Losses Unpaid Losses<br />
00000............. AA-1460146..... .......09/01/2001 SWISS REINSURANCE COMPANY LTD................................. SWITZERLAND................................. .................................. ....................275,762<br />
00000............. AA-3160064..... .......03/23/1993 TD REINSURANCE (BARBADOS) INC.................................... BARBADOS....................................... ......................37,355 ........................6,644<br />
69493............. 74-1231916...... .......01/01/1986 TOWER LIFE INSURANCE COMPANY.................................... TEXAS............................................... .................................. ...........................239<br />
70688............. 36-6071399...... .......03/01/1987 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY. NEW YORK....................................... .................................. ........................1,037<br />
70688............. 36-6071399...... .......01/01/1995 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY. NEW YORK....................................... .................1,746,236 .................4,105,796<br />
86231............. 39-0989781...... .......07/30/2001 TRANSAMERICA LIFE INSURANCE COMPANY.................... NEW YORK....................................... ......................37,251 ..................................<br />
86231............. 39-0989781...... .......09/17/2001 TRANSAMERICA LIFE INSURANCE COMPANY.................... NEW YORK....................................... ....................128,268 ....................175,000<br />
86231............. 39-0989781...... .......11/01/1995 TRANSAMERICA LIFE INSURANCE COMPANY.................... IOWA................................................. .................................. ......................18,938<br />
86231............. 39-0989781...... .......01/01/1998 TRANSAMERICA LIFE INSURANCE COMPANY.................... NEW YORK....................................... ....................109,727 ....................557,874<br />
86231............. 39-0989781...... .......01/01/1960 TRANSAMERICA LIFE INSURANCE COMPANY.................... NEW YORK....................................... .................2,588,942 .................1,368,009<br />
00000............. AA-1440043..... .......01/01/1981 TRYGG HANSA LIFE INSURANCE COMPANY LTD............... SWEDEN........................................... ....................411,279 ........................6,052<br />
00000............. AA-1440043..... .......01/01/1981 TRYGG HANSA LIFE INSURANCE COMPANY LTD............... SWEDEN........................................... ......................61,520 ....................281,082<br />
80837............. 31-0472910...... .......08/26/1993 UNION CENTRAL LIFE INSURANCE COMPANY.................... OHIO.................................................. ....................312,116 ......................15,432<br />
80837............. 31-0472910...... .......01/01/1982 UNION CENTRAL LIFE INSURANCE COMPANY.................... OHIO.................................................. ....................327,738 ..................................<br />
87645............. 57-0654942...... .......03/01/1977 UNITED FIDELITY LIFE INSURANCE COMPANY................... TEXAS............................................... .................................. .............................49<br />
69868............. 47-0322111...... .......01/01/1982 UNITED OF OMAHA LIFE INSURANCE COMPANY............... NEBRASKA....................................... ......................74,031 ..................................<br />
69868............. 47-0322111...... .......03/01/1989 UNITED OF OMAHA LIFE INSURANCE COMPANY............... NEBRASKA....................................... ....................209,023 ......................17,662<br />
80802............. 38-1082080...... .......01/01/1995 US BRANCH OF THE SUN LIFE ASSUR CO OF CA............... MICHIGAN......................................... .................2,324,306 ....................349,144<br />
80659............. 38-0397420...... .......07/01/1998 US BUSINESS OF THE CANADA LIFE ASSUR CO................ MICHIGAN......................................... .................................. ....................170,265<br />
69663............. 74-1472662...... .......11/01/1995 USAA LIFE INSURANCE COMPANY....................................... TEXAS............................................... .................................. ......................27,367<br />
70335............. 94-0971150...... .......08/01/1987 WEST COAST LIFE INSURANCE COMPANY......................... NEBRASKA....................................... .................................. ...........................800<br />
00000............. AA-1120743..... .......01/01/1983 WINDSOR LIFE ASSURANCE COMPANY.............................. ENGLAND.......................................... .................................. ......................38,799<br />
70629............. 47-0339860...... .......01/01/1986 WORLD INSURANCE COMPANY............................................ NEBRASKA....................................... .................................. .............................24<br />
80586............. 13-6150240...... .......04/01/2007 XL RE LIFE AMERICA INC....................................................... DELAWARE....................................... .................................. ....................750,000<br />
00000............. AA-3190757..... .......10/01/2002 XL RE LIMITED......................................................................... BERMUDA......................................... .............................64 ..................................<br />
0299999. Total - Non-Affiliates....................................................................................................................................................................................... ...............52,325,435 .............524,859,967<br />
0399999. Total - <strong>Life</strong> and Annuity................................................................................................................................................................................... ...............73,145,670 .............538,793,796<br />
Accident and Health - Affiliates<br />
00000............. AA-3160057..... .......01/01/2001 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS....................................... LTD<br />
.................................. ...............20,032,924<br />
65676............. 35-0472300...... .......09/01/1976 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY...... INDIANA............................................ ....................554,582 ....................117,832<br />
0499999. Total - Affiliates............................................................................................................................................................................................... ....................554,582 ...............20,150,756<br />
Accident and Health - Non-Affiliates<br />
00000............. AA-1460115..... .......01/01/1997 ALEA EUROPE LIMITED.......................................................... SWITZERLAND................................. ...........................389 ..............................(5)<br />
00000............. AA-1360182..... .......01/01/1997 ALLIANZ S.P.A.......................................................................... ITALY................................................. .....................(74,404) ........................6,768<br />
60607............. 13-6101875...... .......12/01/1995 AMERICAN INTL LIFE ASSUR CO OF NEW YORK................ NEW YORK....................................... .................................. ...........................484<br />
91785............. 06-1323069...... .......01/01/1997 AMERICAN PHOENIX LIFE AND REASSUR CO..................... CONNECTICUT................................. .................3,343,853 .................3,089,517<br />
19615............. 41-0735002...... .......01/01/1997 AMERICAN RELIABLE INSURANCE COMPANY.................... ARIZONA........................................... ...............31,245,293 ..................................<br />
62944............. 13-5570651...... .......01/01/1997 AXA EQUITABLE LIFE INSURANCE COMPANY..................... NEW YORK....................................... .................2,176,350 .................5,913,555<br />
00000............. AA-1320035..... .......12/22/2005 AXA RE...................................................................................... FRANCE............................................ ...................(148,801) ......................13,537<br />
00000............. AA-1120330..... .......01/01/1997 BRAMPTON INSURANCE COMPANY LIMITED...................... UNITED KINGDOM........................... .................9,552,132 ..................................<br />
00000............. AA-1320052..... .......01/01/1998 CAISSE CENTRALE DE REASSURANCE............................... FRANCE............................................ .....................(51,939) ..........................(971)<br />
43095............. 22-2328900...... .......01/01/1997 CLARENDON AMERICA INSURANCE COMPANY.................. NEW JERSEY.................................... ...............25,639,168 .................9,908,666<br />
33197............. 06-0949141...... .......01/01/1995 COLOGNE REINSURANCE COMPANY OF AMERICA........... CONNECTICUT................................. ....................493,091 ....................578,839<br />
62146............. 36-2136262...... .......01/01/2001 COMBINED INSURANCE COMPANY OF AMERICA............... ILLINOIS............................................ .................................. ....................267,247<br />
84824............. 04-6145677...... .......07/01/1985 COMMINWEALTH ANNUITY AND LIFE INSURANCE CO...... MASSACHUSETTS........................... ...........................122 .............................49<br />
00000............. AA-1320019..... .......01/01/1998 COMPAGNIE TRANSCONTINENTALE DE REASSUR............ FRANCE............................................ ......................11,603 ..........................(288)<br />
33499............. 38-2145898...... .......01/01/1995 DORINCO REINSURANCE COMPANY.................................... MICHIGAN......................................... ..........................(197) ..................................<br />
00000............. AA-1340085..... .......01/01/1998 E+S RUCKVERSICHERUNG AG.............................................. GERMANY......................................... ........................1,172 ............................(73)<br />
68276............. 48-1024691...... .......12/15/1961 EMPLOYER'S REASSURANCE CORPORATION.................... KANSAS............................................ .................1,894,014 ....................500,200<br />
20281............. 13-1963496...... .......12/01/1994 FEDERAL INSURANCE COMPANY......................................... INDIANA............................................ .................2,681,275 .................2,430,307<br />
86258............. 13-2572994...... .......01/01/1995 GENERAL RE LIFE CORPORATION....................................... CONNECTICUT................................. .................................. ....................569,844<br />
86258............. 13-2572994...... .......04/01/1996 GENERAL RE LIFE CORPORATION....................................... CONNECTICUT................................. ....................739,173 ....................307,923<br />
39322............. 13-3029255...... .......01/01/1995 GENERAL SECURITY NATIONAL INS COMPANY................. NEW YORK....................................... ..........................(197) ..................................<br />
68322............. 84-0467907...... .......07/01/1985 GREAT WEST LIFE & ANNUITY INSURANCE COMPANY..... COLORADO...................................... ...........................163 .............................66<br />
70815............. 06-0838648...... .......10/01/2001 HARTFORD LIFE & ACCIDENT INS CO.................................. CONNECTICUT................................. ......................71,909 ..................................<br />
93777............. 38-2341728...... .......10/01/1995 HOUSEHOLD LIFE INS CO...................................................... MICHIGAN......................................... .................................. ....................101,863<br />
73288............. 39-1263473...... .......01/01/1988 HUMANA INSURANCE COMPANY, INC.................................. WISCONSIN...................................... .................................. ....................132,339<br />
65838............. 01-0233346...... .......01/01/1996 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)...................... MICHIGAN......................................... ....................295,014 ....................465,181<br />
65099............. 04-1414660...... .......01/01/1997 JOHN HANCOCK LIFE INSURANCE COMPANY.................... MASSACHUSETTS........................... .....................(43,487) ......................49,300<br />
00000............. AA-1126957..... .......01/01/1997 LLOYD'S OF LONDON SYNDICATE 957................................. UNITED KINGDOM........................... ....................552,606 .................1,522,442<br />
00000............. AA-1561031..... .......01/01/1995 LONDON LIFE INSURANCE COMPANY.................................. CANADA............................................ .................................. ........................1,292<br />
00000............. AA-1561007..... .......09/01/1995 MANUFACTURERS LIFE INSURANCE COMPANY................ CANADA............................................ .................................. ........................1,453<br />
65978............. 13-5581829...... .......05/10/1999 METROPOLITAN LIFE INSURANCE COMPANY..................... NEW YORK....................................... .................................. ....................616,540<br />
65978............. 13-5581829...... .......05/10/1999 METROPOLITAN LIFE INSURANCE COMPANY..................... NEW YORK....................................... .................................. .................2,489,934<br />
65978............. 13-5581829...... .......07/01/1985 METROPOLITAN LIFE INSURANCE COMPANY..................... NEW YORK....................................... ...........................151 .............................61<br />
66044............. 46-0164570...... .......01/01/1996 MIDLAND NATIONAL LIFE INSURANCE COMPANY.............. IOWA................................................. .................................. ........................1,550<br />
00000............. AA-1120980..... .......01/01/1997 MINSTER INSURANCE COMPANY LIMITED.......................... UNITED KINGDOM........................... .................1,713,853 ....................420,935<br />
66281............. 52-0419790...... .......01/01/1995 MONUMENTAL LIFE INSURANCE COMPANY....................... IOWA................................................. ..........................(130) ...........................130<br />
00000............. AA-1340165..... .......01/01/1997 MUNCHENER RUCKVERSICHERUNGS-GESELLSCHAFT... GERMANY......................................... ...................(126,487) ......................11,506<br />
66346............. 58-0828824...... .......07/01/1985 MUNICH AMERICAN REASSURANCE COMPANY................. GEORGIA.......................................... ...........................115 .............................46<br />
10227............. 13-4924125...... .......01/01/1997 MUNICH REINSURANCE AMERICA, INC................................ DELAWARE....................................... .....................(77,700) ........................3,376<br />
19445............. 25-0687550...... .......03/31/2000 NATIONAL UNION FIRE INS CO OF PITTS............................. PENNSYLVANIA............................... .................................. .................1,000,000<br />
23841............. 02-0172170...... .......01/01/1997 NEW HAMPSHIRE INSURANCE COMPANY........................... PENNSYLVANIA............................... ......................59,968 ......................62,431<br />
23680............. 47-0698507...... .......01/01/1995 ODYSSEY AMERICA REINSURANCE CORPORATION......... CONNECTICUT................................. ..........................(650) ..................................<br />
11835............. 04-1590940...... .......01/01/1995 PARIS RE AMERICA INSURANCE COMPANY....................... DELAWARE....................................... ............................(49) ..................................<br />
62235............. 01-0278678...... .......05/01/1991 PAUL REVERE LIFE INSURANCE COMPANY........................ MAINE................................................ ....................161,936 ......................60,373<br />
67814............. 06-0493340...... .......10/01/1997 PHOENIX LIFE INSURANCE COMPANY................................. NEW YORK....................................... .................3,104,708 .................2,221,725<br />
37257............. 36-3030511...... .......01/01/1995 PRAETORIAN INSURANCE COMPANY.................................. ILLINOIS............................................ ..........................(325) ..................................<br />
70211............. 23-6200031...... .......06/01/1990 REASSURE AMERICA LIFE INSURANCE COMPANY............ INDIANA............................................ .................................. ....................155,564<br />
70211............. 23-6200031...... .......05/01/1970 REASSURE AMERICA LIFE INSURANCE COMPANY............ INDIANA............................................ ....................835,453 .................1,353,670<br />
68381............. 36-0883760...... .......01/01/1995 RELIANCE STANDARD LIFE INSURANCE COMPANY.......... ILLINOIS............................................ .................................. ...........................646<br />
68381............. 36-0883760...... .......07/01/1985 RELIANCE STANDARD LIFE INSURANCE COMPANY.......... ILLINOIS............................................ ...........................413 ...........................167<br />
67105............. 41-0451140...... .......05/01/1989 RELIASTAR LIFE INSURANCE COMPANY............................. MINNESOTA...................................... ....................202,592 ..................................<br />
93572............. 43-1235868...... .......01/01/1998 RGA REINSURANCE COMPANY............................................. MISSOURI......................................... ...................(158,461) ......................18,791<br />
00000............. AA-1320275..... .......01/01/2001 SCOR GLOBAL LIFE................................................................. FRANCE............................................ .....................(63,115) .................1,544,724<br />
30058............. 75-1444207...... .......01/01/1995 SCOR REINSURANCE COMPANY.......................................... NEW YORK....................................... ..........................(394) ..................................<br />
00000............. AA-1440076..... .......01/01/1999 SIRIUS INTL INS CORP (BELGIUM BRANCH)........................ BELGIUM........................................... ......................43,487 ..........................(240)<br />
00000............. AA-1561039..... .......10/01/1997 SUN LIFE ASSURANCE COMPANY OF CANADA.................. CANADA............................................ ....................518,682 ....................233,260<br />
00000............. AA-1440092..... .......01/01/1996 SVENSKA BRAND.................................................................... SWEDEN........................................... ........................1,605 ..................................<br />
82627............. 06-0839705...... .......12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. ........................2,784 .............108,827,222<br />
82627............. 06-0839705...... .......04/01/1987 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. ....................389,909 ....................140,983<br />
82627............. 06-0839705...... .......09/01/2006 SWISS RE LIFE & HEALTH AMERICA, INC............................. CONNECTICUT................................. .................................. ........................6,401<br />
00000............. AA-1560016..... .......12/01/2001 SWISS RE LIFE & HEALTH CANADA...................................... CANADA............................................ .................................. ......................43,586<br />
00000............. AA-1460146..... .......12/31/2007 SWISS REINSURANCE COMPANY LTD................................. SWITZERLAND................................. ...........................223 .................5,491,015<br />
00000............. AA-1127007..... .......01/01/1995 SYN. 1007 - CW SPRECKLEY & OTHERS.............................. UNITED KINGDOM........................... .................................. ...........................807<br />
42.2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 2<br />
Reinsurance Recoverable on Paid and Unpaid Losses Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7<br />
NAIC Federal<br />
<strong>Company</strong> ID Effective<br />
Code Number Date Name of <strong>Company</strong> Location Paid Losses Unpaid Losses<br />
00000............. AA-1127019..... .......01/01/1995 SYN. 1019 - JB NICE & OTHERS............................................. UNITED KINGDOM........................... .................................. ...........................194<br />
00000............. AA-1127096..... .......01/01/1995 SYN. 1096 - DJ NEWMAN & OTHERS..................................... UNITED KINGDOM........................... ........................1,134 ..................................<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 1145 -............................................................................... UNITED KINGDOM........................... .................................. ...........................258<br />
00000............. AA-1127173..... .......01/01/1995 SYN. 1173 - DC MAGUIRE & OTHERS.................................... UNITED KINGDOM........................... ......................17,459 ..................................<br />
00000............. AA-1123000..... .......01/01/1995 SYN. 15 -................................................................................... UNITED KINGDOM........................... .................................. ...........................484<br />
00000............. AA-1126179..... .......01/01/1995 SYN. 179 - RWS LARK & OTHERS.......................................... UNITED KINGDOM........................... .................................. ...........................484<br />
00000............. AA-1126190..... .......01/01/1995 SYN. 190 - FRW........................................................................ UNITED KINGDOM........................... .................................. ...........................323<br />
00000............. AA-1126204..... .......01/01/1995 SYN. 204 -................................................................................. UNITED KINGDOM........................... .................................. .............................97<br />
00000............. AA-1126219..... .......01/01/1995 SYN. 219 - ANM........................................................................ UNITED KINGDOM........................... ........................8,730 ..................................<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 256 -................................................................................. UNITED KINGDOM........................... .................................. ...........................646<br />
00000............. AA-1126047..... .......01/01/1995 SYN. 47 - GD WILLIAMS........................................................... UNITED KINGDOM........................... .................................. ...........................129<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 512 - RJ JESSEL & OTHERS.......................................... UNITED KINGDOM........................... .................................. ...........................452<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 56 -................................................................................... UNITED KINGDOM........................... .................................. ...........................129<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 636 - JDP BARNES.......................................................... UNITED KINGDOM........................... .................................. ...........................226<br />
00000............. AA-1126683..... .......01/01/1995 SYN. 683 - MEB......................................................................... UNITED KINGDOM........................... .................................. ...........................646<br />
00000............. AA-1126702..... .......01/01/1995 SYN. 702 -................................................................................. UNITED KINGDOM........................... .................................. ...........................129<br />
00000............. AA-1126734..... .......01/01/1995 SYN. 734 - EA DISILVIO & OTHERS........................................ UNITED KINGDOM........................... .................................. ...........................323<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 782 - JSC FLINN.............................................................. UNITED KINGDOM........................... .................................. ...........................194<br />
00000............. AA-1126925..... .......01/01/1995 SYN. 925 -................................................................................. UNITED KINGDOM........................... .................................. ...........................162<br />
00000............. AA-1126947..... .......01/01/1995 SYN. 947.................................................................................... UNITED KINGDOM........................... ........................8,730 ..................................<br />
00000............. AA-1122000..... .......01/01/1995 SYN. 97 -................................................................................... UNITED KINGDOM........................... .................................. ...........................323<br />
00000............. AA-1126990..... .......01/01/1995 SYN. 990 - MJ COX................................................................... UNITED KINGDOM........................... .................................. .............................97<br />
00000............. AA-1127101..... .......10/01/1997 SYND 1101 DUNCANSON & HOLT SYNDICATE MAN........... UNITED KINGDOM........................... ....................104,318 .................1,917,910<br />
00000............. AA-1127185..... .......10/01/1997 SYND 1185 J M COLLINS......................................................... UNITED KINGDOM........................... .......................(5,862) ......................85,693<br />
00000............. AA-1126048..... .......01/01/1996 SYND 48 ARIEL GROUP.......................................................... UNITED KINGDOM........................... .......................(1,702) ......................13,978<br />
00000............. AA-1126053..... .......10/01/1997 SYND 53.................................................................................... UNITED KINGDOM........................... .................................. ....................134,021<br />
00000............. AA-1126959..... .......01/01/1996 SYND 959.................................................................................. UNITED KINGDOM........................... ......................18,711 ......................49,415<br />
86231............. 39-0989781...... .......01/01/1995 TRANSAMERICA LIFE INSURANCE COMPANY.................... IOWA................................................. .................................. ...........................646<br />
19453............. 13-5616275...... .......01/01/1995 TRANSATLANTIC REINSURANCE COMPANY....................... NEW YORK....................................... ..........................(177) ..................................<br />
34894............. 06-1117063...... .......01/01/1995 TRENWICK AMERICA REINSURANCE CORPORATION....... CONNECTICUT................................. ..........................(197) ..................................<br />
62596............. 31-0252460...... .......06/01/1990 UNION FIDELITY LIFE INSURANCE COMPANY..................... ILLINOIS............................................ .................................. ......................23,024<br />
13021............. 42-0644327...... .......01/01/1999 UNITED FIRE & CASUALTY COMPANY.................................. IOWA................................................. ........................2,157 ..........................(192)<br />
62235............. 01-0278678...... .......07/01/1985 UNUM LIFE INSURANCE COMPANY OF AMERICA............... MAINE................................................ ........................9,639 ........................3,892<br />
62235............. 01-0278678...... .......11/28/1973 UNUM LIFE INSURANCE COMPANY OF AMERICA............... MAINE................................................ ........................2,727 ...........................309<br />
62235............. 01-0278678...... .......02/01/1986 UNUM LIFE INSURANCE COMPANY OF AMERICA............... MAINE................................................ ......................34,224 ...........................927<br />
80802............. 38-1082080...... .......01/01/1997 US BRANCH OF THE SUN LIFE ASSUR CO OF CA............... MICHIGAN......................................... .................2,998,634 .................2,159,178<br />
80659............. 38-0397420...... .......01/01/2000 US BUSINESS OF THE CANADA LIFE ASSUR CO................ MICHIGAN......................................... ....................295,031 ....................370,413<br />
39845............. 48-0921045...... .......01/01/1998 WESTPORT INSURANCE CORPORATION............................. MISSOURI......................................... ......................77,363 ..................................<br />
0599999. Total - Non-Affiliates....................................................................................................................................................................................... ...............88,557,789 .............155,329,248<br />
0699999. Total - Accident and Health............................................................................................................................................................................ ...............89,112,371 .............175,480,004<br />
0799999. Totals - <strong>Life</strong>, Annuity and Accident and Health............................................................................................................................................... .............162,258,041 .............714,273,800<br />
42.3
43<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
Authorized General Account, Affiliates<br />
62057......... 22-0832760.... .01/01/2001 LINCOLN LIFE & ANNUITY CO OF NEW YORK..... NEW YORK...................................................... DIS/I............. ............................... ............................... ............................... ..........................58 ............................... ............................... ............................... ...............................<br />
62057......... 22-0832760.... .01/01/2001 LINCOLN LIFE & ANNUITY CO OF NEW YORK..... NEW YORK...................................................... YRT/I............ ..............9,452,279 ...................27,563 ...................26,817 .....................9,742 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/1989 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ......4,806,185,275 ............40,229,267 ............38,984,250 ............28,565,270 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/1998 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ............79,162,656 .................510,677 .................501,375 .................455,652 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/15/1982 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... CO/I.............. .........119,364,838 .................451,518 .................422,418 .................199,588 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... DIS/I............. ............................... ............................... ............................... ...................20,144 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ .........734,396,303 ..............2,105,491 ..............2,116,069 ..............1,013,888 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/1999 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... CO/G............ .........282,208,750 ............................... ............................... .................387,319 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .09/01/1976 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... CO/I.............. .........485,552,059 ..............1,763,566 ..............2,027,382 .................700,062 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/2001 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... CO/I.............. ......7,497,718,424 .........100,377,770 ............94,520,086 ............10,904,756 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .01/01/1960 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ......1,653,418,209 ..............3,961,095 ..............4,261,921 ..............7,128,131 ............................... ............................... ............................... ...............................<br />
65676......... 35-0472300.... .05/01/2000 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ......1,519,882,984 ..............4,694,684 ..............4,546,786 ..............9,357,661 ............................... ............................... ............................... ...............................<br />
0199999. Total - Authorized General Account, Affiliates........................................................... .................................................................................................. ....17,187,341,777 .........154,121,631 .........147,407,104 ............58,742,271 ............................0 ............................0 ............................0 ............................0<br />
Authorized General Account, Non-Affiliates<br />
60038......... 53-0022880.... .01/01/1986 ACACIA LIFE INSURANCE COMPANY................... DISTRICT OF COLUMBIA.............................. YRT/I............ .................100,348 ........................502 .....................1,275 ........................915 ............................... ............................... ............................... ...............................<br />
60348......... 22-1771521.... .04/01/2007 ACE LIFE INSURANCE COMPANY......................... CONNECTICUT............................................... YRT/I............ ............83,997,552 .................189,699 ...................73,284 ...................37,365 ............................... ............................... ............................... ...............................<br />
60348......... 22-1771521.... .06/01/2006 ACE LIFE INSURANCE COMPANY......................... CONNECTICUT............................................... YRT/I............ ......1,702,269,480 ............12,503,072 ..............2,858,209 ..............3,835,131 ............................... ............................... ............................... ...............................<br />
60348......... 22-1771521.... .06/01/2006 ACE LIFE INSURANCE COMPANY......................... CONNECTICUT............................................... YRT/I............ ............40,689,148 ...................22,995 ...................17,617 ...................42,071 ............................... ............................... ............................... ...............................<br />
60941......... 86-0198983.... .03/01/1987 AIG SUNAMERICA LIFE ASSURANCE COMPANY ARIZONA......................................................... YRT/I............ ..............4,579,327 ...................70,902 ...................88,365 ...................15,920 ............................... ............................... ............................... ...............................<br />
90611......... 41-1366075.... .03/01/1987 ALLIANZ LIFE INS CO OF NORTH AMERICA........ MINNESOTA.................................................... YRT/I............ .................399,707 .....................2,131 .....................1,894 ...................25,906 ............................... ............................... ............................... ...............................<br />
60186......... 36-2554642.... .09/01/1998 ALLSTATE LIFE INSURANCE COMPANY.............. ILLINOIS........................................................... ACO/I........... ............................... ............19,254,436 ............10,428,601 ............................... ............................... ............................... ............................... ...............................<br />
60275......... 59-0676017.... .03/01/1987 AMERICAN BANKERS LIFE ASSUR CO OF FL..... FLORIDA.......................................................... YRT/I............ .................427,133 .....................6,078 .....................5,805 ...................12,042 ............................... ............................... ............................... ...............................<br />
60399......... 39-6040365.... .10/24/1986 AMERICAN FAMILY LIFE INSURANCE COMPANY WISCONSIN..................................................... YRT/I............ ..............1,266,185 ...................14,153 ...................19,323 ....................(3,477) ............................... ............................... ............................... ...............................<br />
66672......... 62-0306330.... .01/01/1982 AMERICAN GENERAL LIFE & ACCIDENT INS CO TENNESSEE................................................... YRT/I............ .................234,925 .....................5,603 ...................19,309 ...................11,823 ............................... ............................... ............................... ...............................<br />
66672......... 62-0306330.... .08/21/1993 AMERICAN GENERAL LIFE & ACCIDENT INS CO TENNESSEE................................................... YRT/I............ .................576,050 .....................8,819 .....................8,188 .....................7,257 ............................... ............................... ............................... ...............................<br />
60488......... 25-0598210.... .03/01/1977 AMERICAN GENERAL LIFE INSURANCE COMPANYTEXAS.............................................................. YRT/I............ ...................36,206 .....................4,659 .....................4,409 .....................7,915 ............................... ............................... ............................... ...............................<br />
60895......... 35-0145825.... .06/01/1995 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA........................................................... CO/I.............. ..............9,919,800 .................257,992 .................224,335 ...................16,968 ............................... ............................... ............................... ...............................<br />
60895......... 35-0145825.... .12/01/1992 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ..............4,297,765 .................105,230 ...................93,378 ...................95,440 ............................... ............................... ............................... ...............................<br />
60895......... 35-0145825.... .01/01/1952 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ............11,212,997 ...................25,498 ...................22,432 .................116,779 ............................... ............................... ............................... ...............................<br />
60895......... 35-0145825.... .09/01/1960 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ..............7,538,429 ...................63,616 ...................63,238 .................112,850 ............................... ............................... ............................... ...............................<br />
60895......... 35-0145825.... .09/15/1984 AMERICAN UNITED LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ..............2,334,911 ...................12,546 ...................16,269 .....................9,798 ............................... ............................... ............................... ...............................<br />
61301......... 47-0098400.... .01/01/1971 AMERITAS LIFE INSURANCE CORP...................... NEBRASKA...................................................... YRT/I............ .....................5,497 ........................125 ........................111 ........................120 ............................... ............................... ............................... ...............................<br />
61301......... 47-0098400.... .03/01/1987 AMERITAS LIFE INSURANCE CORP...................... NEBRASKA...................................................... YRT/I............ ..............3,131,761 ...................47,133 ...................53,686 ...................28,652 ............................... ............................... ............................... ...............................<br />
61689......... 42-0175020.... .06/25/2001 AVIVA LIFE AND ANNUITY COMPANY.................. IOWA................................................................ ADB/I............ ............................... ........................283 ............................... ............................... ............................... ............................... ............................... ...............................<br />
61689......... 42-0175020.... .01/01/2001 AVIVA LIFE AND ANNUITY COMPANY.................. IOWA................................................................ CO/I.............. ......5,700,622,053 ............71,184,857 ............68,904,628 ..............9,686,484 ............................... ............................... ............................... ...............................<br />
61689......... 42-0175020.... .06/25/2001 AVIVA LIFE AND ANNUITY COMPANY.................. IOWA................................................................ DIS/I............. ............................... ...................19,021 ...................16,606 ...................49,303 ............................... ............................... ............................... ...............................<br />
61689......... 42-0175020.... .06/25/2001 AVIVA LIFE AND ANNUITY COMPANY.................. IOWA................................................................ YRT/I............ ......1,963,917,443 ..............6,426,984 ..............6,587,811 ..............2,777,310 ............................... ............................... ............................... ...............................<br />
61689......... 42-0175020.... .07/01/1992 AVIVA LIFE AND ANNUITY COMPANY.................. IOWA................................................................ CO/I.............. ............12,389,378 ..............3,482,468 ..............3,648,208 .................208,957 ............................... ............................... ............................... ...............................<br />
61689......... 42-0175020.... .04/15/1997 AVIVA LIFE AND ANNUITY COMPANY.................. IOWA................................................................ CO/I.............. ............43,782,492 ..............4,002,248 ..............3,696,329 .................296,077 ............................... ............................... ............................... ...............................<br />
68365......... 04-2729166.... .01/24/2000 AXA CORPORATE SOLUTIONS LIFE REINSURANCE DELAWARE..................................................... CO/I.............. ............15,827,450 .................521,434 .................475,619 ...................16,068 ............................... ............................... ............................... ...............................<br />
68365......... 04-2729166.... .01/24/2000 AXA CORPORATE SOLUTIONS LIFE REINSURANCE DELAWARE..................................................... YRT/I............ .........979,293,991 ..............4,727,056 ..............4,346,094 ..............3,488,619 ............................... ............................... ............................... ...............................<br />
62944......... 13-5570651.... .11/22/1996 AXA EQUITABLE LIFE INSURANCE COMPANY... NEW YORK...................................................... CO/I.............. .........136,623,065 ..............2,591,589 ..............2,567,947 .................128,353 ............................... ............................... ............................... ...............................<br />
62944......... 13-5570651.... .07/01/1998 AXA EQUITABLE LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ .........833,244,878 ..............5,498,329 ..............5,200,648 ..............2,713,990 ............................... ............................... ............................... ...............................<br />
62944......... 13-5570651.... .01/01/1980 AXA EQUITABLE LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ ............50,077,897 .................241,868 .................232,300 .................300,729 ............................... ............................... ............................... ...............................<br />
94250......... 52-1236145.... .08/01/2003 BANNER LIFE INSURANCE COMPANY................. MARYLAND..................................................... YRT/I............ ..............5,420,000 .....................5,138 .....................4,278 ...................18,280 ............................... ............................... ............................... ...............................<br />
94250......... 52-1236145.... .11/01/2003 BANNER LIFE INSURANCE COMPANY................. MARYLAND..................................................... YRT/I............ ..............1,300,000 ........................680 ........................529 .....................1,277 ............................... ............................... ............................... ...............................<br />
61395......... 87-0115120.... .11/01/1995 BENEFICIAL LIFE INSURANCE COMPANY........... UTAH................................................................ CO/I.............. ..............1,906,651 .................148,793 .................136,678 .....................4,040 ............................... ............................... ............................... ...............................<br />
61395......... 87-0115120.... .11/01/1995 BENEFICIAL LIFE INSURANCE COMPANY........... UTAH................................................................ YRT/I............ ............23,594,139 .................169,097 .................164,633 ...................80,115 ............................... ............................... ............................... ...............................<br />
61395......... 87-0115120.... .01/01/1982 BENEFICIAL LIFE INSURANCE COMPANY........... MARYLAND..................................................... YRT/I............ ..............4,998,937 ...................39,953 ...................57,888 ...................53,457 ............................... ............................... ............................... ...............................<br />
61395......... 87-0115120.... .05/01/1982 BENEFICIAL LIFE INSURANCE COMPANY........... MARYLAND..................................................... CO/I.............. .................554,850 .....................5,891 .....................6,386 .....................5,834 ............................... ............................... ............................... ...............................
43.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
71714......... 75-1277524.... .01/01/1965 BERKSHIRE LIFE INSURANCE COMPANY........... MASSACHUSETTS......................................... YRT/I............ .................541,762 .....................9,977 ...................15,191 ...................10,175 ............................... ............................... ............................... ...............................<br />
90638......... 95-6042390.... .01/01/1983 BEST LIFE AND HEALTH INSURANCE COMPANY TEXAS.............................................................. YRT/I............ ..............8,489,398 .................147,088 .................174,421 .................142,869 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .01/01/1982 CANADA LIFE ASSURANCE COMPANY................ CANADA.......................................................... YRT/I............ ............17,258,398 .................226,357 .................242,923 .................195,665 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .05/01/1997 CANADA LIFE ASSURANCE COMPANY................ CANADA.......................................................... CO/I.............. .........607,367,577 ..............4,189,146 ..............3,579,494 .................794,260 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .05/01/1997 CANADA LIFE ASSURANCE COMPANY................ CANADA.......................................................... YRT/I............ .................635,000 ...................34,179 ...................21,386 .....................5,769 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .07/01/2004 CANADA LIFE ASSURANCE COMPANY................ CANADA.......................................................... YRT/I............ ......4,840,935,917 ............15,551,352 ............12,496,609 ............26,987,708 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .01/01/1981 CANADA LIFE ASSURANCE COMPANY................ CANADA.......................................................... YRT/I............ ......1,214,658,810 ..............1,871,824 .................520,324 .................911,144 ............................... ............................... ............................... ...............................<br />
62049......... 57-0144607.... .04/01/1997 COLONIAL LIFE AND ACCIDENT INSURANCE COMPANY SOUTH CAROLINA......................................... CO/I.............. .........683,909,948 ............67,829,290 ............69,076,762 ..............5,652,902 ............................... ............................... ............................... ...............................<br />
84786......... 84-0674027.... .01/01/1990 COLORADO BANKERS LIFE INSURANCE COMPANY COLORADO..................................................... CO/I.............. ...................51,562 ...................22,751 ...................21,528 .....................2,423 ............................... ............................... ............................... ...............................<br />
62146......... 36-2136262.... .01/01/2001 COMBINED INSURANCE COMPANY OF AMERICAILLINOIS........................................................... CO/G............ .........617,022,037 ..............3,199,145 ..............7,685,343 ...............(761,318) ............................... ............................... ............................... ...............................<br />
84824......... 04-6145677.... .06/24/1990 COMMONWEALTH ANNUITY AND LIFE INS CO... MASSACHUSETTS......................................... YRT/I............ ..............5,488,264 .................148,032 .................146,431 ...................96,419 ............................... ............................... ............................... ...............................<br />
84824......... 04-6145677.... .01/01/1977 COMMONWEALTH ANNUITY AND LIFE INS CO... MASSACHUSETTS......................................... YRT/I............ ..............1,565,963 ...................28,834 ...................38,616 ...................26,380 ............................... ............................... ............................... ...............................<br />
65900......... 04-2299444.... .03/01/1987 CONSECO LIFE INSURANCE COMPANY.............. INDIANA........................................................... YRT/I............ ..............5,111,740 ...................68,191 ...................76,249 ...................44,298 ............................... ............................... ............................... ...............................<br />
68276......... 48-1024691.... .06/01/1995 EMPLOYERS REASSURANCE CORPORATION... KANSAS........................................................... CO/I.............. ......1,353,272,951 ..............7,873,048 ..............7,541,752 ..............2,001,845 ............................... ............................... ............................... ...............................<br />
68276......... 48-1024691.... .06/01/1995 EMPLOYERS REASSURANCE CORPORATION... KANSAS........................................................... YRT/I............ .................450,000 ........................114 ..........................99 ........................529 ............................... ............................... ............................... ...............................<br />
68276......... 48-1024691.... .01/01/1980 EMPLOYERS REASSURANCE CORPORATION... KANSAS........................................................... YRT/I............ ......2,103,442,868 ............13,373,367 ............12,626,663 ..............9,831,127 ............................... ............................... ............................... ...............................<br />
68276......... 48-1024691.... .05/01/2000 EMPLOYERS REASSURANCE CORPORATION... KANSAS........................................................... YRT/I............ ......2,399,009,944 ..............6,353,328 ..............5,645,062 ............16,265,130 ............................... ............................... ............................... ...............................<br />
68276......... 48-1024691.... .01/01/1998 EMPLOYERS REASSURANCE CORPORATION... KANSAS........................................................... CO/I.............. .........200,248,891 .................692,877 .................896,477 ..................(62,373) ............................... ............................... ............................... ...............................<br />
68276......... 48-1024691.... .01/01/1995 EMPLOYERS REASSURANCE CORPORATION... KANSAS........................................................... YRT/I............ .........849,743,743 ..............1,256,333 ..............1,134,688 ..............1,954,804 ............................... ............................... ............................... ...............................<br />
63177......... 91-0335750.... .03/01/1989 FARMERS NEW WORLD LIFE INSURANCE COMPANY WASHINGTON................................................ CO/I.............. ............19,313,518 .................221,589 .................226,883 ...................13,448 ............................... ............................... ............................... ...............................<br />
63177......... 91-0335750.... .03/01/1989 FARMERS NEW WORLD LIFE INSURANCE COMPANY WASHINGTON................................................ YRT/I............ ............80,118,256 .................341,153 .................330,816 .................219,325 ............................... ............................... ............................... ...............................<br />
63274......... 52-6033321.... .01/01/1979 FIDELITY AND GUARANTY LIFE INSURANCE CO MARYLAND..................................................... YRT/I............ ..............7,270,800 ...................43,606 ...................92,901 ...................71,226 ............................... ............................... ............................... ...............................<br />
63290......... 36-1068685.... .03/01/1977 FIDELITY LIFE ASSN, A LEGAL RESERVE LIFE... ILLINOIS........................................................... YRT/I............ ...................10,237 ........................193 ........................183 ........................384 ............................... ............................... ............................... ...............................<br />
69140......... 04-1867050.... .01/01/1986 FIRST ALLMERICA FINANCIAL LIFE INSURANCE CO MASSACHUSETTS......................................... YRT/I............ ............14,095,023 .................231,132 .................265,056 .................101,304 ............................... ............................... ............................... ...............................<br />
69140......... 04-1867050.... .06/13/1977 FIRST ALLMERICA FINANCIAL LIFE INSURANCE CO MASSACHUSETTS......................................... YRT/I............ .................391,903 .....................7,855 ...................11,256 .....................7,385 ............................... ............................... ............................... ...............................<br />
86258......... 13-2572994.... .01/01/1995 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... YRT/I............ ......7,863,533,012 ............58,267,194 ............54,575,353 ............28,464,235 ............................... ............................... ............................... ...............................<br />
86258......... 13-2572994.... .01/01/1995 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... YRT/I............ ......1,502,570,087 ..............7,547,362 ..............7,566,219 ..............5,160,247 ............................... ............................... ............................... ...............................<br />
86258......... 13-2572994.... .12/01/2005 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... YRT/I............ ............26,507,915 ........................950 ........................848 .....................9,737 ............................... ............................... ............................... ...............................<br />
86258......... 13-2572994.... .11/01/2003 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... YRT/I............ ......1,642,676,305 ..............5,409,228 ..............4,928,201 ..............9,605,747 ............................... ............................... ............................... ...............................<br />
86258......... 13-2572994.... .01/01/1981 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... CO/I.............. ............28,850,907 ..............1,106,161 ..............1,166,622 .................411,659 ............................... ............................... ............................... ...............................<br />
86258......... 13-2572994.... .01/01/1982 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... MCO/I........... ............................... ............................... ............................... ...................50,786 ............................... ............................... ..............3,712,687 ...............................<br />
86258......... 13-2572994.... .01/01/1960 GENERAL RE LIFE CORPORATION....................... CONNECTICUT............................................... YRT/I............ .........966,415,280 ..............2,840,491 ..............2,852,317 ..............4,631,390 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .11/26/2001 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ CO/I.............. ......1,357,069,323 ............17,660,903 ............15,380,974 ..............1,680,384 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .09/01/2005 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ YRT/I............ ..............1,905,000 .................102,536 ...................64,158 ...................17,308 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .01/01/1987 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ YRT/I............ ..............4,800,807 .................112,636 .................109,904 ...................17,549 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .01/01/1960 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ YRT/I............ ............41,931,830 .................181,372 .................177,716 .................345,819 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .01/01/1965 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ CO/I.............. ............14,875,718 .................219,157 .................215,359 ...................25,194 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .01/01/1960 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ YRT/I............ ......1,121,894,120 ..............2,371,893 ..............1,135,798 ..............1,476,045 ............................... ............................... ............................... ...............................<br />
97071......... 13-3126819.... .04/01/2000 GENERALI USA LIFE REASSURANCE COMPANY MISSOURI........................................................ YRT/I............ ..............6,989,611 ...................30,245 ...................27,469 ...................13,573 ............................... ............................... ............................... ...............................<br />
65536......... 54-0283385.... .03/01/1977 GENWORTH LIFE AND ANNUITY INS COMPANY VIRGINIA.......................................................... YRT/I............ ...................25,007 ........................209 ........................590 ........................422 ............................... ............................... ............................... ...............................<br />
63967......... 74-0651020.... .12/01/2001 GOVERNMENT PERSONNEL MUTUAL LIFE INS COTEXAS.............................................................. CO/G............ ............................... ..............2,308,857 ..............2,807,166 ............................... ............................... ............................... ............................... ...............................<br />
68322......... 84-0467907.... .03/17/1979 GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY COLORADO..................................................... CO/I.............. ............23,527,035 .................456,237 .................422,525 ...................24,255 ............................... ............................... ............................... ...............................<br />
68322......... 84-0467907.... .07/01/1998 GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY COLORADO..................................................... YRT/I............ .........135,873,983 .................687,100 .................662,357 .................196,670 ............................... ............................... ............................... ...............................<br />
68322......... 84-0467907.... .01/01/1982 GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY COLORADO..................................................... YRT/I............ ............14,424,235 .................173,096 .................202,364 .................242,776 ............................... ............................... ............................... ...............................<br />
64246......... 13-5123390.... .04/16/1995 GUARDIAN LIFE INS COMPANY OF AMERICA..... NEW YORK...................................................... CO/I.............. ............32,356,327 .................327,698 .................343,652 ...................28,954 ............................... ............................... ............................... ...............................<br />
64246......... 13-5123390.... .04/16/1995 GUARDIAN LIFE INS COMPANY OF AMERICA..... NEW YORK...................................................... YRT/I............ .........148,754,072 ..............1,139,740 ..............1,051,844 .................376,593 ............................... ............................... ............................... ...............................<br />
88340......... 59-2859797.... .05/15/1998 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... ACO/I........... ............................... ..............6,230,831 ..............8,511,755 ............................... ............................... ............................... ............................... ...............................<br />
88340......... 59-2859797.... .11/01/1995 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... CO/I.............. .........204,272,376 ..............1,090,679 ..............1,103,393 .................889,378 ............................... ............................... ............................... ...............................<br />
88340......... 59-2859797.... .11/01/1995 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... YRT/I............ .........150,442,101 .................733,268 .................809,975 .................291,642 ............................... ............................... ............................... ...............................<br />
88340......... 59-2859797.... .01/01/1982 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... YRT/I............ .........452,267,770 ..............3,198,584 ..............3,222,134 ..............2,829,905 ............................... ............................... ............................... ...............................
43.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
88340......... 59-2859797.... .04/01/2007 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... YRT/I............ ......4,203,078,847 ............27,611,003 ..............7,859,940 ............12,156,579 ............................... ............................... ............................... ...............................<br />
88340......... 59-2859797.... .01/01/1985 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... CO/I.............. .................579,900 .................219,198 .................209,952 ...................32,097 ............................... ............................... ............................... ...............................<br />
88340......... 59-2859797.... .08/01/1982 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... MCO/I........... ............................... ............................... ............................... ...................13,462 ............................... ............................... ..............1,601,333 ...............................<br />
88340......... 59-2859797.... .01/01/1960 HANNOVER LIFE REASSURANCE COMPANY OF AMERICA FLORIDA.......................................................... YRT/I............ .........180,337,020 .................217,708 .................224,226 .................366,605 ............................... ............................... ............................... ...............................<br />
00000......... AA-1340125... .01/01/1981 HANNOVER RUCKVERSICHERUNG AG............... GERMANY....................................................... CO/I.............. ............11,010,893 ...................83,101 ...................80,861 .................122,810 ............................... ............................... ............................... ...............................<br />
70815......... 06-0838648.... .07/01/2000 HARTFORD LIFE & ACCIDENT INS CO................. CONNECTICUT............................................... OTH/G.......... .................321,000 .................162,277 .................151,026 ............................... ............................... ............................... ............................... ...............................<br />
70815......... 06-0838648.... .05/01/2002 HARTFORD LIFE & ACCIDENT INS CO................. CONNECTICUT............................................... OTH/G.......... .................259,250 .................103,120 .................117,761 ............................... ............................... ............................... ............................... ...............................<br />
71153......... 39-1052598.... .08/01/1987 HARTFORD LIFE AND ANNUITY INS COMPANY.. CONNECTICUT............................................... YRT/I............ ..............2,404,359 ...................36,313 ...................32,503 ...................33,715 ............................... ............................... ............................... ...............................<br />
88072......... 06-0974148.... .02/05/1998 HARTFORD LIFE INSURANCE COMPANY............ CONNECTICUT............................................... CO/I.............. ............30,684,767 .................470,529 .................465,436 ...................36,593 ............................... ............................... ............................... ...............................<br />
88072......... 06-0974148.... .02/05/1998 HARTFORD LIFE INSURANCE COMPANY............ CONNECTICUT............................................... YRT/I............ .........110,392,608 .................289,333 .................251,896 .................117,163 ............................... ............................... ............................... ...............................<br />
88072......... 06-0974148.... .01/01/1979 HARTFORD LIFE INSURANCE COMPANY............ CONNECTICUT............................................... YRT/I............ ..............2,363,064 ...................46,494 ...................65,889 ...................52,326 ............................... ............................... ............................... ...............................<br />
93777......... 38-2341728.... .10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY......... MICHIGAN....................................................... CO/G............ ......3,367,300,813 ............89,038,565 ............95,943,619 ............................... ............................... ............................... ............................... ...............................<br />
93777......... 38-2341728.... .10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY......... MICHIGAN....................................................... CO/I.............. ........................531 ...................51,679 ...................72,018 ............................... ............................... ............................... ............................... ...............................<br />
93777......... 38-2341728.... .10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY......... MICHIGAN....................................................... CO/I.............. ...................41,745 .................259,352 .................328,629 .....................6,706 ............................... ............................... ............................... ...............................<br />
73288......... 39-1263473.... .01/01/1988 HUMANA INSURANCE COMPANY, INC................. WISCONSIN..................................................... OTH/G.......... ..............2,032,700 ............................... ............................... .....................6,284 ............................... ............................... ............................... ...............................<br />
65056......... 38-1659835.... .01/01/1986 JACKSON NATIONAL LIFE INSURANCE COMPANYMICHIGAN....................................................... YRT/I............ ..............2,156,788 ...................30,050 ...................38,099 .......................(250) ............................... ............................... ............................... ...............................<br />
64017......... 75-0300900.... .01/01/1982 JEFFERSON NATIONAL LIFE INSURANCE COMPANY. TEXAS.............................................................. YRT/I............ .................422,593 .....................3,703 ...................13,734 .....................5,478 ............................... ............................... ............................... ...............................<br />
65838......... 01-0233346.... .03/01/1989 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)..... MICHIGAN....................................................... CO/I.............. .........232,905,695 ..............4,013,420 ..............4,186,249 .................683,691 ............................... ............................... ............................... ...............................<br />
65838......... 01-0233346.... .01/01/2001 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)..... MICHIGAN....................................................... YRT/I............ ......1,173,379,725 ..............8,741,696 ..............8,044,352 ..............3,909,030 ............................... ............................... ............................... ...............................<br />
65838......... 01-0233346.... .01/01/1982 JOHN HANCOCK LIFE INS COMPANY (U.S.A.)..... MICHIGAN....................................................... YRT/I............ ......4,524,731,977 ............36,365,413 ............36,258,253 ............25,967,200 ............................... ............................... ............................... ...............................<br />
65099......... 04-1414660.... .03/01/1989 JOHN HANCOCK LIFE INSURANCE COMPANY... MASSACHUSETTS......................................... CO/I.............. ............56,190,014 ..............1,110,163 ..............1,021,211 ...................62,821 ............................... ............................... ............................... ...............................<br />
65099......... 04-1414660.... .08/17/1998 JOHN HANCOCK LIFE INSURANCE COMPANY... MASSACHUSETTS......................................... YRT/I............ .........254,269,743 ..............1,356,097 ..............1,304,848 .................638,673 ............................... ............................... ............................... ...............................<br />
65838......... 01-0233346.... .07/01/1981 JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A) MICHIGAN....................................................... CO/I.............. ..............2,330,082 ..............1,469,490 ..............1,656,554 ...................54,213 ............................... ............................... ............................... ...............................<br />
65129......... 44-0308260.... .03/01/1977 KANSAS CITY LIFE INSURANCE COMPANY........ MISSOURI........................................................ YRT/I............ .....................4,283 ..........................84 ..........................79 ........................170 ............................... ............................... ............................... ...............................<br />
65242......... 35-0457540.... .05/01/1971 LAFAYETTE LIFE INSURANCE COMPANY........... INDIANA........................................................... YRT/I............ ...................35,064 .....................1,188 .....................1,119 .....................1,736 ............................... ............................... ............................... ...............................<br />
65315......... 04-6076039.... .01/01/1979 LIBERTY LIFE ASSURANCE COMPANY OF BOSTON MASSACHUSETTS......................................... YRT/I............ ..............1,125,744 ...................18,765 ...................40,688 ...................29,397 ............................... ............................... ............................... ...............................<br />
65331......... 63-0124600.... .01/01/1984 LIBERTY NATIONAL LIFE INSURANCE COMPANYNEBRASKA...................................................... YRT/I............ ...................34,262 ........................237 ........................221 ........................465 ............................... ............................... ............................... ...............................<br />
76694......... 23-2044256.... .07/27/1992 LONDON LIFE REINSURANCE COMPANY............ PENNSYLVANIA.............................................. ACO/I........... ............................... .........104,383,119 .........120,697,855 ..............1,061,602 ............................... ............................... ............................... ...............................<br />
76694......... 23-2044256.... .11/09/1994 LONDON LIFE REINSURANCE COMPANY............ PENNSYLVANIA.............................................. ACO/I........... ............................... ............19,469,707 ............22,348,954 .................132,852 ............................... ............................... ............................... ...............................<br />
65870......... 13-1004640.... .03/01/1987 MANHATTAN LIFE INSURANCE COMPANY.......... NEW YORK...................................................... YRT/I............ ..............1,243,125 ...................15,694 ...................13,611 ...................28,205 ............................... ............................... ............................... ...............................<br />
65935......... 04-1590850.... .06/28/2000 MASSACHUSETTS MUTUAL LIFE INS COMPANY MASSACHUSETTS......................................... YRT/I............ ..............3,331,146 ........................191 ........................151 ........................734 ............................... ............................... ............................... ...............................<br />
65978......... 13-5581829.... .09/01/1992 METROPOLITAN LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ ............48,708,145 ..............1,258,248 ..............1,333,417 .................775,260 ............................... ............................... ............................... ...............................<br />
65978......... 13-5581829.... .01/01/1982 METROPOLITAN LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ ............17,164,078 .................303,668 .................519,793 .................235,137 ............................... ............................... ............................... ...............................<br />
66044......... 46-0164570.... .03/01/1989 MIDLAND NATIONAL LIFE INSURANCE COMPANYIOWA................................................................ CO/I.............. ............12,733,457 .................212,777 .................193,683 ...................13,993 ............................... ............................... ............................... ...............................<br />
66044......... 46-0164570.... .03/01/1989 MIDLAND NATIONAL LIFE INSURANCE COMPANYIOWA................................................................ YRT/I............ ............65,690,085 .................392,399 .................364,253 .................174,621 ............................... ............................... ............................... ...............................<br />
66109......... 35-0838945.... .03/01/1987 MIDWESTERN UNITED LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ .................607,096 .....................9,669 ...................10,638 ...................18,541 ............................... ............................... ............................... ...............................<br />
66281......... 52-0419790.... .01/01/1982 MONUMENTAL LIFE INSURANCE COMPANY...... MARYLAND..................................................... YRT/I............ .................691,162 ...................15,196 ...................30,361 ...................16,821 ............................... ............................... ............................... ...............................<br />
66370......... 13-1632487.... .04/01/1976 MONY LIFE INSURANCE COMPANY...................... NEW YORK...................................................... MCO/I........... ...................25,893 ............................... ............................... .....................1,490 ............................... ............................... ...................17,275 ...............................<br />
66370......... 13-1632487.... .03/01/1987 MONY LIFE INSURANCE COMPANY...................... NEW YORK...................................................... YRT/I............ ..............6,284,024 ...................90,785 ...................78,698 ...................85,080 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .01/01/1999 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... YRT/I............ ......1,689,195,595 ..............7,763,687 ..............7,858,162 ..............5,282,390 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .06/01/1995 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... CO/I.............. ......8,998,024,818 ............86,962,453 ............70,946,626 ............10,543,435 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .06/01/1995 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... YRT/I............ .........318,752,100 .................634,797 .................609,550 ........................264 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .09/27/1988 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... YRT/I............ ..............7,504,314 .................103,887 ...................98,933 .................115,195 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .01/01/1999 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... YRT/I............ ......5,519,490,729 ............40,197,836 ............38,033,750 ............16,481,490 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .04/01/2007 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... YRT/I............ ......5,792,457,559 ............33,492,782 ............13,039,282 ............22,698,345 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .12/01/1986 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... CO/I.............. .........213,263,014 .................714,685 .................919,789 .................379,488 ............................... ............................... ............................... ...............................<br />
66346......... 58-0828824.... .01/01/1980 MUNICH AMERICAN REASSURANCE COMPANY GEORGIA......................................................... YRT/I............ ......1,440,731,605 ..............3,034,476 ..............2,285,977 ..............3,592,671 ............................... ............................... ............................... ...............................<br />
66680......... 03-0144090.... .07/01/1998 NATIONAL LIFE INSURANCE COMPANY.............. VERMONT....................................................... CO/I.............. ............32,264,140 .................479,064 .................435,585 ...................29,396 ............................... ............................... ............................... ...............................<br />
66680......... 03-0144090.... .07/01/1998 NATIONAL LIFE INSURANCE COMPANY.............. VERMONT....................................................... YRT/I............ .........150,213,006 .................877,306 .................835,561 .................348,448 ............................... ............................... ............................... ...............................<br />
66680......... 03-0144090.... .01/01/1992 NATIONAL LIFE INSURANCE COMPANY.............. VERMONT....................................................... YRT/I............ ..............1,611,995 ...................21,005 .................116,462 ...................15,952 ............................... ............................... ............................... ...............................<br />
70750......... 23-1619082.... .10/24/1986 NATIONWIDE LIFE AND ANN CO OF AMERICA... DELAWARE..................................................... YRT/I............ ..............1,445,620 ...................20,104 ...................25,337 ........................108 ............................... ............................... ............................... ...............................
43.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
68225......... 23-0990450.... .01/01/1986 NATIONWIDE LIFE INS COMPANY OF AMERICA. PENNSYLVANIA.............................................. YRT/I............ ..............5,097,373 ...................68,165 ...................85,929 ....................(1,605) ............................... ............................... ............................... ...............................<br />
68225......... 23-0990450.... .01/01/1980 NATIONWIDE LIFE INS COMPANY OF AMERICA. PENNSYLVANIA.............................................. YRT/I............ ..............1,622,711 ...................31,381 .....................8,148 ...................34,381 ............................... ............................... ............................... ...............................<br />
66869......... 31-4156830.... .02/01/1971 NATIONWIDE LIFE INSURANCE COMPANY......... OHIO................................................................ YRT/I............ .................101,857 .....................1,963 .....................1,827 .....................4,614 ............................... ............................... ............................... ...............................<br />
66869......... 31-4156830.... .01/01/1982 NATIONWIDE LIFE INSURANCE COMPANY......... OHIO................................................................ YRT/I............ .................226,371 .....................4,793 ...................44,975 .....................4,055 ............................... ............................... ............................... ...............................<br />
66915......... 13-5582869.... .07/01/1998 NEW YORK LIFE INSURANCE COMPANY............. NEW YORK...................................................... CO/G............ ............................... ..............5,815,525 ..............7,132,553 ............................... ............................... ............................... ............................... ...............................<br />
66915......... 13-5582869.... .03/01/1987 NEW YORK LIFE INSURANCE COMPANY............. NEW YORK...................................................... YRT/I............ ............14,308,584 .................263,160 .................298,092 .................126,716 ............................... ............................... ............................... ...............................<br />
66915......... 13-5582869.... .01/01/1991 NEW YORK LIFE INSURANCE COMPANY............. NEW YORK...................................................... YRT/I............ ..............2,304,937 ...................43,209 ...................46,632 ...................35,423 ............................... ............................... ............................... ...............................<br />
66974......... 36-2428931.... .03/01/1977 NORTH AMERICAN CO FOR LIFE & HEALTH INS IOWA................................................................ YRT/I............ .....................8,344 ........................125 ........................118 ........................218 ............................... ............................... ............................... ...............................<br />
67032......... 56-0340860.... .01/01/2006 NORTH CAROLINA MUT LIFE INS CO................... NORTH CAROLINA......................................... OTH/G.......... ............................... ............................... ............................... .........................(20) ............................... ............................... ............................... ...............................<br />
67172......... 31-0397080.... .10/15/1992 OHIO NATIONAL LIFE INSURANCE COMPANY.... OHIO................................................................ YRT/I............ ..............1,349,225 ...................17,042 ...................18,325 ...................11,393 ............................... ............................... ............................... ...............................<br />
67172......... 31-0397080.... .07/01/1981 OHIO NATIONAL LIFE INSURANCE COMPANY.... OHIO................................................................ YRT/I............ .................777,884 ...................16,535 ...................41,088 ...................20,447 ............................... ............................... ............................... ...............................<br />
88099......... 75-1608507.... .05/01/1979 OPTIMUM RE INSURANCE COMPANY.................. TEXAS.............................................................. CO/I.............. ............................... ............................... ............................... ..................(80,853) ............................... ............................... ............................... ...............................<br />
88099......... 75-1608507.... .05/01/2005 OPTIMUM RE INSURANCE COMPANY.................. TEXAS.............................................................. YRT/I............ .........108,423,607 .................555,194 .................412,625 .................165,707 ............................... ............................... ............................... ...............................<br />
88099......... 75-1608507.... .04/01/2007 OPTIMUM RE INSURANCE COMPANY.................. TEXAS.............................................................. YRT/I............ ......1,207,248,354 ............10,929,482 ..............1,632,836 ..............1,105,920 ............................... ............................... ............................... ...............................<br />
88099......... 75-1608507.... .01/01/1978 OPTIMUM RE INSURANCE COMPANY.................. TEXAS.............................................................. CO/I.............. ..............5,300,000 ...................12,666 ...................12,904 ...................92,333 ............................... ............................... ............................... ...............................<br />
88099......... 75-1608507.... .07/29/1974 OPTIMUM RE INSURANCE COMPANY.................. TEXAS.............................................................. YRT/I............ ............19,252,351 .................192,901 .................180,652 .................283,450 ............................... ............................... ............................... ...............................<br />
76112......... 86-0216483.... .11/09/1994 OXFORD LIFE INSURANCE COMPANY................. ARIZONA......................................................... ACO/I........... ............................... ............58,409,122 ............67,046,861 .................398,557 ............................... ............................... ............................... ...............................<br />
97268......... 95-3769814.... .03/01/1987 PACIFIC LIFE & ANNUITY COMPANY.................... ARIZONA......................................................... YRT/I............ ............10,361,098 .................142,435 .................170,807 ...................85,274 ............................... ............................... ............................... ...............................<br />
67466......... 95-1079000.... .01/01/1978 PACIFIC LIFE INSURANCE CO............................... NEBRASKA...................................................... YRT/I............ ..............1,343,064 ...................26,626 ...................42,705 ...................23,104 ............................... ............................... ............................... ...............................<br />
67539......... 72-0281240.... .08/01/1987 PAN-AMERICAN LIFE INSURANCE COMPANY.... LOUISIANA...................................................... YRT/I............ ..............3,242,875 ...................52,310 ...................54,553 ...................43,702 ............................... ............................... ............................... ...............................<br />
61271......... 42-0127290.... .03/01/1977 PRINCIPAL LIFE INSURANCE COMPANY............. IOWA................................................................ YRT/I............ ...................22,366 ........................454 ........................429 ........................934 ............................... ............................... ............................... ...............................<br />
61271......... 42-0127290.... .01/01/1971 PRINCIPAL LIFE INSURANCE COMPANY............. IOWA................................................................ YRT/I............ ...................43,000 ........................990 ........................991 ...........................(1) ............................... ............................... ............................... ...............................<br />
68136......... 63-0169720.... .08/01/1987 PROTECTIVE LIFE INSURANCE COMPANY......... TENNESSEE................................................... YRT/I............ ..............4,144,518 ...................64,075 ...................76,427 ...................24,733 ............................... ............................... ............................... ...............................<br />
68195......... 62-0331200.... .01/01/1986 PROVIDENT LIFE AND ACCIDENT INS COMPANY TENNESSEE................................................... YRT/I............ ..............2,280,964 ...................30,856 ...................39,637 .....................1,352 ............................... ............................... ............................... ...............................<br />
68241......... 22-1211670.... .01/01/1976 PRUDENTIAL INSURANCE COMPANY OF AMERICANEW JERSEY.................................................. YRT/I............ ..............2,506,377 ...................43,829 ...................49,224 ...................58,406 ............................... ............................... ............................... ...............................<br />
68241......... 22-1211670.... .03/01/1987 PRUDENTIAL INSURANCE COMPANY OF AMERICANEW JERSEY.................................................. YRT/I............ ..............7,473,197 .................133,197 .................162,362 .......................(598) ............................... ............................... ............................... ...............................<br />
70211......... 23-6200031.... .01/01/1975 REASSURE AMERICA LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ..............1,103,161 ...................21,403 ...................57,916 ...................12,008 ............................... ............................... ............................... ...............................<br />
70211......... 23-6200031.... .03/01/1987 REASSURE AMERICA LIFE INSURANCE COMPANY INDIANA........................................................... YRT/I............ ..............2,052,697 ...................20,999 ...................20,886 ...................34,610 ............................... ............................... ............................... ...............................<br />
67105......... 41-0451140.... .09/01/2002 RELIASTAR LIFE INSURANCE COMPANY............ MINNESOTA.................................................... OTH/G.......... .................466,000 .................187,907 .................209,634 ............................... ............................... ............................... ............................... ...............................<br />
67105......... 41-0451140.... .03/23/1993 RELIASTAR LIFE INSURANCE COMPANY............ MINNESOTA.................................................... CO/I.............. ............95,677,773 ..............1,426,016 ..............1,348,169 ...................92,611 ............................... ............................... ............................... ...............................<br />
67105......... 41-0451140.... .03/23/1993 RELIASTAR LIFE INSURANCE COMPANY............ MINNESOTA.................................................... DIS/I............. ............................... ............................... ............................... ........................493 ............................... ............................... ............................... ...............................<br />
67105......... 41-0451140.... .01/01/1999 RELIASTAR LIFE INSURANCE COMPANY............ MINNESOTA.................................................... YRT/I............ .........290,226,471 .................968,214 .................950,317 .................422,512 ............................... ............................... ............................... ...............................<br />
87017......... 62-1003368.... .11/01/1995 REVIOS REINSURANCE U.S. INC........................... CALIFORNIA.................................................... CO/I.............. ..............2,793,137 ...................35,057 ...................34,332 .....................2,179 ............................... ............................... ............................... ...............................<br />
87017......... 62-1003368.... .11/01/1995 REVIOS REINSURANCE U.S. INC........................... CALIFORNIA.................................................... YRT/I............ ............71,741,777 .................766,483 .................697,654 .................529,796 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .01/01/1995 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ YRT/I............ .........159,975,267 ..............1,351,423 ..............1,475,339 .................607,523 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .01/01/1998 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ CO/I.............. ......4,530,908,024 ............40,408,081 ............32,845,164 ..............6,908,732 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .06/01/1995 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ CO/I.............. ......4,102,131,459 ............35,585,680 ............32,139,093 ..............5,538,062 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .01/01/2004 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ YRT/I............ ......3,072,848,993 ..............1,436,038 ..............1,110,238 .................187,318 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .03/01/1987 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ YRT/I............ ............15,591,876 .................209,731 .................264,010 ..................(35,304) ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .01/01/1995 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ YRT/I............ ....16,213,954,310 .........120,453,929 .........116,274,831 ............71,402,840 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .11/01/2003 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ YRT/I............ ......3,273,293,422 ............11,129,825 ..............9,690,094 ............20,803,672 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .08/01/1996 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ ACO/I........... ............................... ..............2,169,635 ..............2,515,847 ............................... ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .04/01/1983 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ CO/I.............. .........287,926,593 ..............1,934,468 ..............2,372,370 .................976,080 ............................... ............................... ............................... ...............................<br />
93572......... 43-1235868.... .01/01/1960 RGA REINSURANCE COMPANY............................ MISSOURI........................................................ YRT/I............ ......4,709,932,282 ............10,081,350 ..............8,325,576 ............14,719,271 ............................... ............................... ............................... ...............................<br />
65005......... 41-0823832.... .02/01/1993 RIVERSOURCE LIFE INSURANCE COMPANY...... MINNESOTA.................................................... YRT/I............ ............12,896,578 .................132,021 .................136,472 .................103,390 ............................... ............................... ............................... ...............................<br />
60445......... 74-1915841.... .03/01/1977 SAGICOR LIFE INSURANCE COMPANY................ TEXAS.............................................................. YRT/I............ .................334,296 .....................5,107 .....................5,397 ...................10,083 ............................... ............................... ............................... ...............................<br />
87017......... 62-1003368.... .01/01/1978 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS.............................................................. TX<br />
YRT/I............ ......1,247,489,312 ..............4,042,730 ..............4,624,718 ..............2,262,303 ............................... ............................... ............................... ...............................<br />
87017......... 62-1003368.... .06/01/1995 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS.............................................................. TX<br />
CO/I.............. .........107,065,016 .................392,200 .................367,830 .................178,303 ............................... ............................... ............................... ...............................<br />
87017......... 62-1003368.... .06/01/1995 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS.............................................................. TX<br />
YRT/I............ .................225,000 ..........................57 ..........................50 ........................264 ............................... ............................... ............................... ...............................<br />
87017......... 62-1003368.... .05/01/2000 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS.............................................................. TX<br />
YRT/I............ ......1,011,260,405 ..............2,945,694 ..............2,731,832 ..............5,584,291 ............................... ............................... ............................... ...............................
43.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
87017......... 62-1003368.... .05/01/2000 SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS.............................................................. TX<br />
YRT/I............ .........414,890,587 .................663,643 .................640,576 ..............1,251,934 ............................... ............................... ............................... ...............................<br />
64688......... 75-6020048.... .01/01/1986 SCOR LIFE US REINSURANCE COMPANY........... TEXAS.............................................................. YRT/I............ ..............1,383,082 ...................19,687 ...................24,685 .......................(839) ............................... ............................... ............................... ...............................<br />
64688......... 75-6020048.... .01/01/1983 SCOR LIFE US REINSURANCE COMPANY........... TEXAS.............................................................. YRT/I............ ......7,525,812,335 ............57,586,922 ............53,884,828 ............23,320,843 ............................... ............................... ............................... ...............................<br />
64688......... 75-6020048.... .04/01/2007 SCOR LIFE US REINSURANCE COMPANY........... TEXAS.............................................................. YRT/I............ ......3,621,516,313 ............23,108,496 ..............8,699,583 ............15,849,537 ............................... ............................... ............................... ...............................<br />
64688......... 75-6020048.... .11/01/2003 SCOR LIFE US REINSURANCE COMPANY........... TEXAS.............................................................. YRT/I............ ......2,852,929,665 ..............1,549,172 ..............1,249,099 ..............2,731,629 ............................... ............................... ............................... ...............................<br />
00000......... AA-3770192... .02/15/2000 SCOTTISH ANNUITY AND LIFE INS. CO (CAYMAN) CAYMAN LTD ISLANDS......................................... AMCO/I........ ............................... ............................... ............................... .................996,934 ............................... ............................... .........185,427,749 ...............................<br />
87572......... 23-2038295.... .12/01/2002 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... YRT/I............ ......1,351,440,542 ..............6,213,427 ..............6,288,444 ..............4,124,767 ............................... ............................... ............................... ...............................<br />
87572......... 23-2038295.... .06/01/2001 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... AMCO/I........ ............................... ............................... ............................... .................873,944 ............................... ............................... .........344,277,256 ...............................<br />
87572......... 23-2038295.... .10/01/2002 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... ACO/I........... ............................... .........123,552,233 .........232,565,253 .................225,299 ............................... ............................... ............................... ...............................<br />
87572......... 23-2038295.... .01/01/2004 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... YRT/I............ ......5,571,932,566 ............37,753,282 ............35,068,196 ............14,371,576 ............................... ............................... ............................... ...............................<br />
87572......... 23-2038295.... .07/01/2005 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... YRT/I............ ............13,579,204 ...................12,156 ...................11,038 ...................44,839 ............................... ............................... ............................... ...............................<br />
87572......... 23-2038295.... .07/01/2005 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... YRT/I............ ............11,497,488 .....................5,790 .....................4,345 ...................13,207 ............................... ............................... ............................... ...............................<br />
87572......... 23-2038295.... .01/01/1998 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... CO/I.............. ....11,841,249,207 .........121,843,065 ............99,746,269 ............14,789,410 ............................... ............................... ............................... ...............................<br />
87572......... 23-2038295.... .01/01/2004 SCOTTISH RE (U.S.), INC........................................ DELAWARE..................................................... YRT/I............ ......1,986,041,769 ..............1,563,157 ..............1,154,399 .................220,839 ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .07/01/1994 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... YRT/I............ ......1,812,237,330 ..............8,496,797 ..............8,569,305 ..............5,653,486 ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .01/01/1986 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... YRT/I............ ..............3,125,900 ...................47,810 ...................55,362 ...................35,253 ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .01/01/1977 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... YRT/I............ ............34,154,071 .................171,740 .................194,845 .................217,300 ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .01/01/1998 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... YRT/I............ .........681,924,105 ..............2,931,192 ..............2,590,420 ..............5,214,862 ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .06/01/1978 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... CO/I.............. .........179,540,236 ..............1,605,280 ..............1,690,992 .................616,672 ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .01/01/1995 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... OTH/G.......... .................605,680 .................179,431 .................253,894 ............................... ............................... ............................... ............................... ...............................<br />
90670......... 43-1178580.... .01/01/1960 SCOTTISH RE LIFE CORPORATION...................... DELAWARE..................................................... YRT/I............ ......1,073,292,597 ..............5,475,276 ..............5,646,176 ..............7,268,510 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .05/04/1984 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... YRT/I............ .................201,757 .....................5,744 .....................5,417 ...................10,045 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .01/01/1982 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... YRT/I............ ......3,942,221,525 ............26,611,018 ............27,047,181 ............18,202,982 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .11/01/2003 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... YRT/I............ ......2,189,307,105 ..............8,349,086 ..............7,646,047 ............13,958,274 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .01/01/1985 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... CO/I.............. .........524,681,771 ..............2,331,442 ..............2,710,663 .................733,726 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .01/01/1960 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... YRT/I............ ......1,724,851,248 ..............4,711,178 ..............4,732,023 ..............7,239,198 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .01/01/1995 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... YRT/I............ .........164,982,723 ..............1,573,738 ..............1,429,380 .................626,228 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .06/01/1995 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... CO/I.............. .........627,079,504 ..............7,243,102 ..............5,882,781 .................757,812 ............................... ............................... ............................... ...............................<br />
68713......... 84-0499703.... .06/01/1995 SECURITY LIFE OF DENVER INSURANCE COMPANY COLORADO..................................................... YRT/I............ .................450,000 ........................114 ..........................99 ........................529 ............................... ............................... ............................... ...............................<br />
68845......... 54-0377280.... .01/01/1986 SHENANDOAH LIFE INSURANCE COMPANY....... VIRGINIA.......................................................... YRT/I............ ..............2,849,893 ...................39,961 ...................50,181 .......................(420) ............................... ............................... ............................... ...............................<br />
69019......... 93-0242990.... .10/24/1986 STANDARD INSURANCE COMPANY..................... OREGON......................................................... YRT/I............ ..............3,674,026 ...................44,175 ...................53,358 .....................4,273 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .07/01/2007 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... ACO............. ............................... ............16,207,148 ..............3,791,527 ............................... ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... ACOFW/G.... ............................... ............46,892,967 ............49,928,441 .................331,330 ............................... ............................... ............................... ............47,324,127<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... ACOFW/I...... ............................... ............19,304,533 ............19,976,302 .....................6,252 ............................... ............................... ............................... ............19,365,948<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... ADB/I............ ............................... ..............2,469,258 ..............2,485,857 ..............2,569,752 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... CO/G............ ............16,574,663 ..............5,154,220 ..............5,478,144 ...................11,239 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... CO/I.............. ..147,555,831,369 .........814,430,504 .........735,350,835 .........636,583,228 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... DIS/I............. ............................... ............27,398,229 ............31,397,438 ..............3,932,138 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... MCO/I........... ......1,424,380,718 ........................271 ........................266 ..............4,658,651 ............................... ............................... ............64,918,967 ...............................<br />
82627......... 06-0839705.... .12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... YRT/I............ ......6,250,146,523 ..............1,407,560 ..............1,745,862 ..............9,534,359 ............................... ............................... ............................... ............80,310,932<br />
82627......... 06-0839705.... .06/01/1995 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... CO/I.............. ......6,156,561,102 ............40,146,169 ............37,834,367 ............10,313,942 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .06/01/1995 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... YRT/I............ ......3,244,223,692 ..............2,143,901 ..............1,605,570 .................356,840 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .01/01/1962 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... YRT/I............ ....22,493,566,575 .........163,707,388 .........156,253,345 ............79,549,418 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .11/01/2003 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... YRT/I............ ......8,283,917,440 ............27,975,173 ............19,897,951 ............41,009,943 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .09/28/1965 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... CO/I.............. ......2,693,009,971 ............29,797,906 ............28,497,923 ..............5,893,818 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .09/01/1976 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... MCO/I........... ............................... ............................... ............................... ...................38,254 ............................... ............................... ..............3,831,135 ...............................<br />
82627......... 06-0839705.... .09/01/2006 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... OTH/G.......... ......2,245,831,156 .................601,414 .................143,005 ..............4,603,911 ............................... ............................... ............................... ...............................<br />
82627......... 06-0839705.... .01/01/1950 SWISS RE LIFE & HEALTH AMERICA, INC............ CONNECTICUT............................................... YRT/I............ ......4,194,116,885 ..............7,353,334 ..............6,567,978 ............10,977,961 ............................... ............................... ............................... ...............................<br />
70688......... 36-6071399.... .03/01/1987 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK...................................................... YRT/I............ ..............4,239,612 .................142,487 .................128,631 .................119,413 ............................... ............................... ............................... ...............................<br />
70688......... 36-6071399.... .01/01/1995 TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY NEW YORK...................................................... YRT/I............ ......1,465,804,527 ............16,635,661 ............38,844,991 ..............8,736,779 ............................... ............................... ............................... ...............................
43.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
86231......... 39-0989781.... .01/01/1998 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ .........798,331,456 ..............2,767,376 ..............2,428,618 ..............5,394,381 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .07/30/2001 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ ..............1,575,328 .....................5,592 .....................5,146 .....................2,528 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .09/17/2001 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... CO/I.............. ......3,303,154,927 ............43,191,881 ............34,739,354 ..............3,869,734 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .01/01/1990 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... CO/I.............. ............14,756,057 .................206,277 .................186,342 ...................20,423 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .01/01/1990 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ ............71,943,144 .................383,765 .................359,385 .................181,284 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .05/01/1985 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... CO/I.............. ......1,222,535,252 ............80,867,334 ............71,848,956 ..............2,333,919 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .08/01/1981 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... OTH/G.......... ...................86,483 ...................11,937 ...................70,638 ............................... ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .01/01/1990 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... YRT/I............ .........605,619,702 ..............1,989,700 ..............2,214,880 ..............3,126,259 ............................... ............................... ............................... ...............................<br />
86231......... 39-0989781.... .01/01/1990 TRANSAMERICA LIFE INSURANCE COMPANY... NEW YORK...................................................... ACO/I........... ............................... .........208,766,238 .........241,395,710 ..............2,123,204 ............................... ............................... ............................... ...............................<br />
19453......... 13-5616275.... .09/01/2007 TRANSATLANTIC REIN CO..................................... NEW YORK...................................................... CAT/G.......... ............................... ............................... ...................81,191 .....................9,524 ............................... ............................... ............................... ...............................<br />
80837......... 31-0472910.... .08/26/1993 UNION CENTRAL LIFE INSURANCE COMPANY.. OHIO................................................................ CO/I.............. ..............9,735,810 .................178,400 .................164,396 .....................9,807 ............................... ............................... ............................... ...............................<br />
80837......... 31-0472910.... .08/26/1993 UNION CENTRAL LIFE INSURANCE COMPANY.. OHIO................................................................ YRT/I............ ............63,592,506 .................369,412 .................337,124 .................225,189 ............................... ............................... ............................... ...............................<br />
80837......... 31-0472910.... .01/01/1982 UNION CENTRAL LIFE INSURANCE COMPANY.. OHIO................................................................ YRT/I............ ..............1,542,286 ...................31,029 ...................76,403 ...................39,260 ............................... ............................... ............................... ...............................<br />
87645......... 57-0654942.... .03/01/1977 UNITED FIDELITY LIFE INSURANCE COMPANY.. TEXAS.............................................................. YRT/I............ .................226,849 .....................1,593 .....................3,063 .....................3,165 ............................... ............................... ............................... ...............................<br />
69868......... 47-0322111.... .01/01/1982 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA...................................................... YRT/I............ .................470,314 .....................9,763 ...................17,711 .....................8,557 ............................... ............................... ............................... ...............................<br />
69868......... 47-0322111.... .03/01/1989 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA...................................................... CO/I.............. ............11,732,881 .................190,581 .................183,421 .....................9,373 ............................... ............................... ............................... ...............................<br />
69868......... 47-0322111.... .03/01/1989 UNITED OF OMAHA LIFE INSURANCE COMPANY NEBRASKA...................................................... YRT/I............ ............69,133,574 .................311,404 .................288,126 .................168,778 ............................... ............................... ............................... ...............................<br />
80802......... 38-1082080.... .03/01/1989 US BRANCH OF THE SUN LIFE ASSUR CO OF CAMICHIGAN....................................................... CO/I.............. .........292,237,115 ..............3,278,039 ..............3,119,687 .................361,836 ............................... ............................... ............................... ...............................<br />
80802......... 38-1082080.... .04/20/1983 US BRANCH OF THE SUN LIFE ASSUR CO OF CAMICHIGAN....................................................... DIS/I............. ............................... ............................... ............................... ........................493 ............................... ............................... ............................... ...............................<br />
80802......... 38-1082080.... .01/01/1995 US BRANCH OF THE SUN LIFE ASSUR CO OF CAMICHIGAN....................................................... YRT/I............ ......1,274,748,689 ..............8,017,363 ..............7,492,428 ..............3,980,874 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .08/13/1992 US BUSINESS OF THE CANADA LIFE ASSUR CO MICHIGAN....................................................... CO/I.............. ............25,195,507 .................843,987 .................931,700 ...................17,605 ............................... ............................... ............................... ...............................<br />
80659......... 38-0397420.... .07/01/1998 US BUSINESS OF THE CANADA LIFE ASSUR CO MICHIGAN....................................................... YRT/I............ .........124,459,895 .................652,137 .................603,705 .................305,808 ............................... ............................... ............................... ...............................<br />
69663......... 74-1472662.... .11/01/1995 USAA LIFE INSURANCE COMPANY....................... TEXAS.............................................................. CO/I.............. ............21,634,838 .................398,335 .................368,675 ...............(443,508) ............................... ............................... ............................... ...............................<br />
69663......... 74-1472662.... .07/20/1998 USAA LIFE INSURANCE COMPANY....................... TEXAS.............................................................. YRT/I............ .........106,379,537 .................663,035 .................631,407 ...............(570,818) ............................... ............................... ............................... ...............................<br />
70335......... 94-0971150.... .08/01/1987 WEST COAST LIFE INSURANCE COMPANY........ NEBRASKA...................................................... YRT/I............ ..............3,756,253 ...................74,151 ...................83,517 ...................31,687 ............................... ............................... ............................... ...............................<br />
70629......... 47-0339860.... .01/01/1986 WORLD INSURANCE COMPANY............................ NEBRASKA...................................................... YRT/I............ .................107,682 .....................1,702 .....................2,251 ........................519 ............................... ............................... ............................... ...............................<br />
80586......... 13-6150240.... .04/01/2007 XL RE LIFE AMERICA INC....................................... DELAWARE..................................................... YRT/I............ .........210,252,416 .................409,932 .................109,926 .................151,143 ............................... ............................... ............................... ...............................<br />
80586......... 13-6150240.... .04/01/2007 XL RE LIFE AMERICA INC....................................... DELAWARE..................................................... YRT/I............ ......1,791,574,672 ............16,264,097 ..............2,386,702 ..............1,714,624 ............................... ............................... ............................... ...............................<br />
0299999. Total - Authorized General Account, Non-Affiliates................................................... .................................................................................................. ..385,716,536,490 ......3,187,631,958 ......3,093,129,911 ......1,366,268,150 ............................0 ............................0 .........603,786,402 .........147,001,007<br />
0399999. Total - Authorized General Account........................................................................... .................................................................................................. ..402,903,878,267 ......3,341,753,589 ......3,240,537,015 ......1,425,010,421 ............................0 ............................0 .........603,786,402 .........147,001,007<br />
Unauthorized General Account, Affiliates<br />
12757......... 20-3743123.... .10/01/2006 LFG SOUTH CAROLINA REINSURANCE COMPANYSOUTH CAROLINA......................................... CO/I.............. ....18,953,750,377 .........188,208,751 .........146,049,805 ............28,885,282 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160057... .12/01/2005 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LIMITED<br />
CO/I.............. ............................... ......1,020,482,288 .........767,655,402 ............36,781,179 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160057... .10/01/2003 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LIMITED<br />
CO/I.............. ............................... .........344,673,833 .........444,387,305 ............14,645,875 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160057... .11/09/1994 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LIMITED<br />
ACO/I........... ............................... ............29,204,561 ............33,523,431 .................199,278 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160057... .01/01/2005 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LIMITED<br />
AMCO/I........ ............................... ............................... ............................... .................197,208 ............................... ............................... ............26,806,030 ...............................<br />
00000......... AA-3160057... .12/31/2008 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LIMITED<br />
COFW/I........ ......3,900,734,765 .........804,640,124 ............................... .........804,640,124 ............................... ............................... ............................... .........434,307,792<br />
00000......... AA-3160057... .07/01/2003 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LTD<br />
ACO/I........... ............................... .........909,722,720 .........220,779,618 .........247,169,178 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160057... .01/01/2001 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) BARBADOS..................................................... LIMITED<br />
COFW/G...... .........470,484,415 ..............3,579,713 ..............8,915,798 ...............(972,645) ............................... ............................... ............................... ..............3,069,198<br />
13028......... 26-0629864.... .10/01/2007 LINCOLN REINSURANCE COMPANY OF SOUTH CAROLINA SOUTH CAROLINA......................................... CO/I.............. ............................... .........348,945,798 .........330,109,535 ..............8,329,364 ............................... ............................... ............................... ...............................<br />
0499999. Total - Unauthorized General Account, Affiliates....................................................... .................................................................................................. ....23,324,969,557 ......3,649,457,788 ......1,951,420,894 ......1,139,874,843 ............................0 ............................0 ............26,806,030 .........437,376,990<br />
Unauthorized General Account, Non-Affiliates<br />
00000......... AA-3194154... .04/01/2005 ACE TEMPEST LIFE REINSURANCE LTD............. BERMUDA....................................................... CO/I.............. .........149,517,973 ..............1,571,711 ..............1,159,915 .................188,280 ............................... ............................... ............................... ...............................<br />
00000......... AA-3194154... .09/01/2005 ACE TEMPEST LIFE REINSURANCE LTD............. BERMUDA....................................................... YRT/I............ .........610,934,139 .................143,283 .................131,482 .................348,945 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460115... .01/01/1988 ALEA EUROPE LIMITED.......................................... SWITZERLAND............................................... YRT/I............ ............10,907,661 .................179,604 .................205,148 .................180,000 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460115... .01/01/1981 ALEA EUROPE LIMITED.......................................... SWITZERLAND............................................... CO/I.............. ..............2,461,091 ...................29,771 ...................29,651 ...................21,403 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460115... .01/01/1986 ALEA EUROPE LIMITED.......................................... SWITZERLAND............................................... YRT/I............ .................111,557 .....................5,527 .....................5,237 .....................2,685 ............................... ............................... ............................... ...............................<br />
00000......... AA-1360182... .11/01/1995 ALLIANZ S.P.A.......................................................... ITALY................................................................ CO/I.............. ..............5,413,624 .................171,226 .................320,657 ....................(4,088) ............................... ............................... ............................... ...............................<br />
00000......... AA-1360182... .11/01/1995 ALLIANZ S.P.A.......................................................... ITALY................................................................ YRT/I............ ............40,006,162 .................373,445 .................390,299 .................211,889 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460080... .01/01/1983 ALLIANZ SUISSE INSURANCE COMPANY............ SWITZERLAND............................................... YRT/I............ .................568,612 ...................10,585 ...................12,106 ...................10,357 ............................... ............................... ............................... ...............................<br />
00000......... AA-1360015... .11/01/1995 ASSICURAZIONI GENERALI S.P.A......................... ITALY................................................................ CO/I.............. ............24,639,385 .................407,672 .................388,273 .....................8,521 ............................... ............................... ............................... ...............................
43.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
00000......... AA-1360015... .11/01/1995 ASSICURAZIONI GENERALI S.P.A......................... ITALY................................................................ YRT/I............ .........122,275,257 .................765,846 .................703,728 .................299,403 ............................... ............................... ............................... ...............................<br />
00000......... AA-1244102... .01/01/1988 AXA BELGIUM........................................................... BELGIUM......................................................... YRT/I............ .................723,315 ...................12,031 ...................12,480 ...................11,552 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320035... .01/01/1992 AXA RE...................................................................... FRANCE........................................................... YRT/I............ ..............7,037,440 .................103,891 .................106,314 .................111,921 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320035... .07/21/1993 AXA RE...................................................................... FRANCE........................................................... YRT/I............ ..............7,668,615 ...................99,173 .................193,697 ...............(254,120) ............................... ............................... ............................... ...............................<br />
00000......... AA-3160075... .03/23/1993 BANK OF MONTREAL INS (BARBADOS) LIMITED BARBADOS..................................................... CO/I.............. ..............3,629,757 ...................95,879 ...................88,058 .....................3,556 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160075... .03/23/1993 BANK OF MONTREAL INS (BARBADOS) LIMITED BARBADOS..................................................... YRT/I............ ............27,762,892 ...................70,113 ...................70,861 ...................28,621 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460030... .01/01/1981 BERNER ALLGEMEINE VERSICHERUNGS-GESELLSC SWITZERLAND............................................... CO/I.............. ..............2,461,091 ...................29,771 ...................29,651 ...................21,341 ............................... ............................... ............................... ...............................<br />
00000......... AA-1120242... .09/01/2007 BRIT INS LTD............................................................ ENGLAND........................................................ CAT/G.......... ............................... ............................... ...................21,851 .....................2,563 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320052... .03/01/1989 CAISSE CENTRALE DE REASSURANCE.............. FRANCE........................................................... CO/I.............. .........157,280,230 .................806,474 .................798,574 .................366,992 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320052... .03/01/1989 CAISSE CENTRALE DE REASSURANCE.............. FRANCE........................................................... YRT/I............ .........193,123,646 .................983,463 ..............1,037,517 .................457,522 ............................... ............................... ............................... ...............................<br />
00000......... AA-1340015... .01/01/1982 CONVERIUM RUECKVERSICHERUNG.................. GERMANY....................................................... YRT/I............ ............80,837,490 ..............1,347,240 ..............1,483,547 ..............1,369,523 ............................... ............................... ............................... ...............................<br />
00000......... AA-1280067... .01/01/1981 COPENHAGEN REINSURANCE COMPANY LTD.. DENMARK....................................................... CO/I.............. ............................... ...................59,542 ...................59,303 ............................... ............................... ............................... ............................... ...............................<br />
00000......... AA-1580007... .03/17/1979 DAI-ICHI MUTUAL LIFE INSURANCE COMPANY.. JAPAN.............................................................. CO/I.............. ............11,245,546 .................189,988 .................182,803 ...................10,164 ............................... ............................... ............................... ...............................<br />
00000......... AA-1580007... .10/24/1986 DAI-ICHI MUTUAL LIFE INSURANCE COMPANY.. JAPAN.............................................................. YRT/I............ ............49,086,887 .................279,886 .................267,729 .................104,198 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460045... .09/01/2001 EUROPEAN REINS CO OF ZURICH LTD, BERMUDABERMUDA....................................................... ADB/I............ ............................... ............................... ..............2,232,275 .................952,213 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460045... .01/01/1995 EUROPEAN REINS CO OF ZURICH LTD, BERMUDABERMUDA....................................................... CO/I.............. ............................... ............................... ......2,531,257,432 .....(2,180,553,850) ............................... ............................... ............................... ...............................<br />
00000......... AA-1460045... .06/01/1996 EUROPEAN REINS CO OF ZURICH LTD, BERMUDABERMUDA....................................................... OTH/I............ ............................... ............................... ...................75,594 ...................77,705 ............................... ............................... ............................... ...............................<br />
00000......... AA-1440043... .03/01/1987 GAMLA LIVFORSAKRINGSAKTIEBOLAGET SEB TRY SWEDEN.......................................................... YRT/I............ ..............4,569,441 ...................97,942 .................118,742 ...................75,322 ............................... ............................... ............................... ...............................<br />
00000......... AA-1340090... .01/01/1981 GE FRANKONA RUCKVERSICHERUNGS AG....... GERMANY....................................................... YRT/I............ ............26,447,580 .................446,777 .................518,507 .................441,170 ............................... ............................... ............................... ...............................<br />
00000......... AA-1581003... .03/01/1989 GIBRALTAR LIFE INSURANCE COMPANY LTD.... JAPAN.............................................................. CO/I.............. ............17,093,554 .................303,072 .................277,663 ...................19,676 ............................... ............................... ............................... ...............................<br />
00000......... AA-1581003... .04/01/2000 GIBRALTAR LIFE INSURANCE COMPANY LTD.... JAPAN.............................................................. YRT/I............ ............83,051,649 .................589,903 .................563,963 .................251,781 ............................... ............................... ............................... ...............................<br />
00000......... AA-1126033... .09/01/2007 HISCOX SYNDICATES LTD..................................... ENGLAND........................................................ CAT/G.......... ............................... ............................... ...................90,213 ...................10,582 ............................... ............................... ............................... ...............................<br />
64360......... 38-2539196.... .10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY OF AZARIZONA......................................................... ACO/I........... ............................... .........746,438,335 .........772,100,825 ............................... ............................... ............................... ............................... ...............................<br />
00000......... AA-1360080... .01/01/1981 LA FONDIARIA ASSICURAZIONI............................. ITALY................................................................ YRT/I............ ..............4,012,461 ...................67,704 ...................87,117 ...................62,387 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320222... .05/01/1980 LES MUTUELLES DU MANS I A R D....................... FRANCE........................................................... YRT/I............ .................173,497 .....................2,438 .....................3,102 .....................2,720 ............................... ............................... ............................... ...............................<br />
00000......... AA-1127200... .09/01/2006 LLOYD'S SYNDICATE NUMBER 1200.................... ENGLAND........................................................ CAT/G.......... ............................... ............................... ...................60,142 .....................7,055 ............................... ............................... ............................... ...............................<br />
00000......... AA-1127400... .09/01/2007 LLOYD'S SYNDICATE NUMBER 1400.................... ENGLAND........................................................ CAT/G.......... ............................... ............................... ...................77,583 .....................9,101 ............................... ............................... ............................... ...............................<br />
00000......... AA-1561031... .04/20/1986 LONDON LIFE INSURANCE COMPANY................. CANADA.......................................................... YRT/I............ ..............1,711,616 .....................6,343 .....................5,534 ...................31,309 ............................... ............................... ............................... ...............................<br />
93580......... 84-0849721.... .08/01/2002 M LIFE INSURANCE COMPANY.............................. COLORADO..................................................... YRT/I............ ............23,636,852 ...................97,588 ............................... ............................... ............................... ............................... ............................... ...............................<br />
93580......... 84-0849721.... .08/01/2002 M LIFE INSURANCE COMPANY.............................. COLORADO..................................................... MCO/I........... ......1,553,224,754 ............................... ............................... ............54,998,536 ............................... ............................... .........231,658,910 ...............................<br />
93580......... 84-0849721.... .04/01/2007 M LIFE INSURANCE COMPANY.............................. COLORADO..................................................... MCO/I........... ............................... ............................... ............................... ..................(57,500) ............................... ............................... ............................... ...............................<br />
93580......... 84-0849721.... .04/01/2007 M LIFE INSURANCE COMPANY.............................. COLORADO..................................................... MCO/I........... ............................... ............................... ............................... ............(1,040,652) ............................... ............................... ............................... ...............................<br />
00000......... AA-1560600... .05/20/1991 MUNICH REINSURANCE COMPANY OF CANADA CANADA.......................................................... YRT/I............ ............................... ...................60,330 .................501,916 ............................... ............................... ............................... ............................... ...............................<br />
00000......... AA-1460100... .01/01/1981 NEW REINSURANCE COMPANY OF GENEVA..... SWITZERLAND............................................... YRT/I............ ............15,485,202 .................268,487 .................317,007 .................261,339 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460100... .01/01/1981 NOUVELLE COMPAGNIE DE REASSURANCES... SWITZERLAND............................................... CO/I.............. ..............4,922,182 ...................59,542 ...................59,303 ...................43,039 ............................... ............................... ............................... ...............................<br />
00000......... AA-1422010... .01/01/1990 OSLO REINSURANCE COMPANY.......................... NORWAY......................................................... YRT/I............ ............................... ............................... .................261,322 ..................(83,797) ............................... ............................... ............................... ...............................<br />
00000......... AA-1120037... .01/01/1981 PACIFIC LIFE RE...................................................... UNITED KINGDOM.......................................... YRT/I............ ............31,381,303 .................526,070 .................613,757 .................518,587 ............................... ............................... ............................... ...............................<br />
00000......... AA-1120037... .11/01/1995 PACIFIC LIFE RE...................................................... UNITED KINGDOM.......................................... CO/I.............. ............13,817,310 .................318,770 .................302,000 ...................16,110 ............................... ............................... ............................... ...............................<br />
00000......... AA-1120037... .07/01/1998 PACIFIC LIFE RE...................................................... UNITED KINGDOM.......................................... YRT/I............ ............69,602,809 .................445,595 .................423,580 .................207,978 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320265... .11/01/1995 PARTNER REINSURANCE EUROPE LIMITED...... FRANCE........................................................... CO/I.............. ............11,891,184 .................191,410 .................170,448 ...................11,507 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320265... .11/01/1995 PARTNER REINSURANCE EUROPE LIMITED...... FRANCE........................................................... YRT/I............ ............63,991,966 .................408,300 .................386,312 .................174,021 ............................... ............................... ............................... ...............................<br />
00000......... AA-1360182... .01/01/1983 RIUNIONE ADRIATICA DI SICURTA....................... ITALY................................................................ YRT/I............ ............19,929,230 .................333,862 .................384,966 .................331,059 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160046... .11/22/1996 ROYAL BANK OF CANADA INS COMPANY LIMITEDBARBADOS..................................................... CO/I.............. ............86,574,331 .................798,491 .................736,931 ...................93,611 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160046... .11/22/1996 ROYAL BANK OF CANADA INS COMPANY LIMITEDBARBADOS..................................................... YRT/I............ .........299,316,775 ..............1,430,212 ..............1,300,001 .................590,277 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320275... .01/01/2001 SCOR GLOBAL LIFE................................................. FRANCE........................................................... ADB/I............ .........558,679,572 .................985,415 .................909,488 .................392,484 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320275... .03/17/1979 SCOR GLOBAL LIFE................................................. FRANCE........................................................... CO/I.............. ............29,056,547 .................430,919 .................383,889 ...................30,311 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320275... .01/01/2001 SCOR GLOBAL LIFE................................................. FRANCE........................................................... OTH/I............ .........278,218,001 ..............1,136,262 ..............1,398,626 .................724,202 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320275... .03/01/1987 SCOR GLOBAL LIFE................................................. FRANCE........................................................... YRT/I............ .........219,504,355 ..............1,770,387 ..............1,746,086 .................956,494 ............................... ............................... ............................... ...............................<br />
00000......... AA-1360270... .01/01/1984 SCOR ITALIA RIASSICURAZIONI............................ ITALY................................................................ YRT/I............ ..............3,793,927 ...................64,760 ...................83,919 ...................59,075 ............................... ............................... ............................... ...............................<br />
00000......... AA-1240175... .01/01/1983 SECURA SOCIETE DE REASSURANCE................ BELGIUM......................................................... YRT/I............ ..............2,124,786 ...................41,325 ...................52,733 ...................37,735 ............................... ............................... ............................... ...............................
43.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 1<br />
Reinsurance Ceded <strong>Life</strong> <strong>Insurance</strong>, Annuities, Deposit Funds and Other Liabilities<br />
Without <strong>Life</strong> or Disability Contingencies, and Related Benefits Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 Reserve Credit Taken 10 Outstanding Surplus Relief 13 14<br />
8 9 11 12 Funds<br />
NAIC Federal Type of Amount Modified Withheld<br />
<strong>Company</strong> ID Effective Reinsurance In Force at Current Prior Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Ceded End of Year Year Year Premiums Year Year Reserve Coinsurance<br />
00000......... AA-1440076... .03/01/2001 SIRIUS INTERNATIONAL INSURANCE CORP....... SWEDEN.......................................................... YRT/I............ ..............9,655,183 .................209,090 .................203,995 .................294,340 ............................... ............................... ............................... ...............................<br />
00000......... AA-1440076... .09/01/2007 SIRIUS INTERNATIONAL INSURANCE CORP....... SWEDEN.......................................................... CAT/G.......... ............................... ............................... ...................59,941 .....................7,031 ............................... ............................... ............................... ...............................<br />
00000......... AA-1440076... .01/01/2001 SIRIUS INTERNATIONAL INSURANCE CORP....... SWEDEN.......................................................... YRT/I............ ..............9,013,783 .................115,420 .................111,099 .................117,126 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320295... .07/01/1987 SOREMA S.A............................................................. FRANCE........................................................... YRT/I............ ..............7,042,200 .................127,592 .................167,004 ...................79,964 ............................... ............................... ............................... ...............................<br />
00000......... AA-1320295... .01/01/1982 SOREMA STE DE REASS DES ASS MUT AGRICOLES FRANCE........................................................... YRT/I............ ...................68,803 ........................949 .....................1,132 .....................1,063 ............................... ............................... ............................... ...............................<br />
00000......... AA-1561039... .11/22/1996 SUN LIFE ASSURANCE COMPANY OF CANADA. CANADA.......................................................... CO/I.............. ............11,325,000 ...................65,520 ...................56,810 ...................11,720 ............................... ............................... ............................... ...............................<br />
00000......... AA-1561039... .07/01/1998 SUN LIFE ASSURANCE COMPANY OF CANADA. CANADA.......................................................... YRT/I............ ............97,041,931 .................589,412 .................595,758 .................415,728 ............................... ............................... ............................... ...............................<br />
80802......... 38-1082080.... .01/01/1991 SUN LIFE ASSURANCE COMPANY OF CANADA. CANADA.......................................................... YRT/I............ ............72,574,187 .................596,085 .................835,787 .................758,342 ............................... ............................... ............................... ...............................<br />
00000......... AA-1340090... .01/01/1981 SWISS RE FRANKONA RUCKVERSICHERUNGS-AGERMANY....................................................... CO/I.............. ............35,236,352 ............................... ............................... ...............(146,139) ............................... ............................... ............................... ...............................<br />
00000......... AA-1360240... .01/01/1986 SWISS RE ITALIA S.P.A........................................... ITALY................................................................ YRT/I............ .................116,901 .....................5,534 .....................5,361 .....................2,638 ............................... ............................... ............................... ...............................<br />
00000......... AA-1560016... .12/01/2001 SWISS RE LIFE & HEALTH CANADA...................... CANADA.......................................................... CO/I.............. ............................... .................112,075 ..............2,605,245 .....................4,358 ............................... ............................... ............................... ...............................<br />
00000......... AA-1460146... .09/01/2001 SWISS REINSURANCE COMPANY LTD................ SWITZERLAND............................................... ADB/I............ .........776,309,985 ..............2,036,165 ............................... ............................... ............................... ............................... ............................... ...............................<br />
00000......... AA-1460146... .12/31/2008 SWISS REINSURANCE COMPANY LTD................ SWITZERLAND............................................... COFW/I........ ..224,188,786,663 ......2,605,930,821 ............................... ......2,605,930,821 ............................... ............................... ............................... .........856,984,823<br />
00000......... AA-1460146... .06/01/1996 SWISS REINSURANCE COMPANY LTD................ SWITZERLAND............................................... OTH/I............ ............60,587,588 ...................85,660 ............................... ............................... ............................... ............................... ............................... ...............................<br />
00000......... AA-3160064... .03/23/1993 TD REINSURANCE (BARBADOS) INC.................... BARBADOS..................................................... CO/I.............. ..............4,097,730 ...................93,216 ...................87,503 .....................4,322 ............................... ............................... ............................... ...............................<br />
00000......... AA-3160064... .03/23/1993 TD REINSURANCE (BARBADOS) INC.................... BARBADOS..................................................... YRT/I............ ............27,870,578 ...................87,434 ...................84,966 ...................31,555 ............................... ............................... ............................... ...............................<br />
00000......... AA-1580095... .09/01/2007 THE TOA REINS CO LTD......................................... JAPAN.............................................................. CAT/G.......... ............................... ............................... ...................60,142 .....................7,055 ............................... ............................... ............................... ...............................<br />
69493......... 74-1231916.... .01/01/1986 TOWER LIFE INSURANCE COMPANY................... TEXAS.............................................................. YRT/I............ ..............1,103,948 ...................15,446 ...................20,711 ....................(1,949) ............................... ............................... ............................... ...............................<br />
00000......... AA-3190773... .11/01/2000 TRANSAMERICA INTERNATIONAL RE (BERMUDA) BERMUDA....................................................... LTD<br />
CO/I.............. ............70,070,744 .................930,912 .................882,624 ...................91,515 ............................... ............................... ............................... ...............................<br />
00000......... AA-1440043... .01/01/1981 TRYGG HANSA LIFE INSURANCE COMPANY LTDSWEDEN.......................................................... CO/I.............. ............15,997,092 .................193,511 .................192,734 .................137,003 ............................... ............................... ............................... ...............................<br />
00000......... AA-1440043... .01/01/1981 TRYGG HANSA LIFE INSURANCE COMPANY LTDSWEDEN.......................................................... YRT/I............ ............32,301,696 .................560,600 .................666,226 .................544,267 ............................... ............................... ............................... ...............................<br />
00000......... AA-1120743... .01/01/1983 WINDSOR LIFE ASSURANCE COMPANY.............. ENGLAND........................................................ YRT/I............ ..............5,871,266 .................100,657 .................125,286 ...................95,345 ............................... ............................... ............................... ...............................<br />
00000......... AA-3190757... .10/01/2002 XL RE LIMITED.......................................................... BERMUDA....................................................... YRT/I............ .................700,000 .....................2,086 .....................1,902 .....................8,558 ............................... ............................... ............................... ...............................<br />
00000......... AA-3190757... .10/01/2002 XL RE LIMITED.......................................................... BERMUDA....................................................... YRT/I............ ..............1,500,000 .....................4,837 .....................4,439 ...................51,985 ............................... ............................... ............................... ...............................<br />
0599999. Total - Unauthorized General Account, Non-Affiliates............................................... .................................................................................................. ..230,357,174,884 ......3,376,919,382 ......3,331,968,522 .........491,599,463 ............................0 ............................0 .........231,658,910 .........856,984,823<br />
0699999. Total - Unauthorized General Account....................................................................... .................................................................................................. ..253,682,144,441 ......7,026,377,170 ......5,283,389,416 ......1,631,474,306 ............................0 ............................0 .........258,464,940 ......1,294,361,813<br />
0799999. Total - Authorized and Unauthorized General Account............................................. .................................................................................................. ..656,586,022,708 ....10,368,130,759 ......8,523,926,431 ......3,056,484,727 ............................0 ............................0 .........862,251,342 ......1,441,362,820<br />
1599999. Totals........................................................................................................................... .................................................................................................. ..656,586,022,708 ....10,368,130,759 ......8,523,926,431 ......3,056,484,727 ............................0 ............................0 .........862,251,342 ......1,441,362,820
44<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 2<br />
Reinsurance Ceded Accident and Health <strong>Insurance</strong> Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 Outstanding Surplus Relief 12 13<br />
Reserve Credit 10 11 Funds<br />
NAIC Federal Unearned Taken Other Than Modified Withheld<br />
<strong>Company</strong> ID Effective Premiums for Unearned Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Type Premiums (estimated) Premiums Year Year Reserve Coinsurance<br />
Authorized General Account - Affiliates<br />
65676.............. 35-0472300........ ..09/01/1976 THE LINCOLN NATIONAL LIFE INSURANCE COMPANY.............. INDIANA.................................................... CO/I................. ..............1,035,909 ................................ ............21,255,026 ................................ ................................ ................................ ................................<br />
0199999. Total - Authorized General Account - Affiliates........................................................................................ ............................................................................................... ..............1,035,909 ............................0 ............21,255,026 ............................0 ............................0 ............................0 ............................0<br />
Authorized General Account - Non-Affiliates<br />
60607.............. 13-6101875........ ..12/01/1995 AMERICAN INTL LIFE ASSUR CO OF NEW YORK........................ NEW YORK............................................... OTH/G............. ................................ ................................ ...................56,247 ................................ ................................ ................................ ................................<br />
91785.............. 06-1323069........ ..01/01/1997 AMERICAN PHOENIX LIFE AND REASSUR CO............................. CONNECTICUT........................................ OTH/G............. ..............5,782,911 ................................ ..............3,656,432 ................................ ................................ ................................ ................................<br />
19615.............. 41-0735002........ ..01/01/1997 AMERICAN RELIABLE INSURANCE COMPANY............................ ARIZONA................................................... OTH/G............. ....................(9,996) ................................ ................................ ................................ ................................ ................................ ................................<br />
62944.............. 13-5570651........ ..07/01/1986 AXA EQUITABLE LIFE INSURANCE COMPANY............................ NEW YORK............................................... CO/I................. ..............1,071,997 .................307,089 ............84,889,433 ................................ ................................ ................................ ................................<br />
62944.............. 13-5570651........ ..01/01/1997 AXA EQUITABLE LIFE INSURANCE COMPANY............................ NEW YORK............................................... OTH/G............. ................................ ................................ ...................13,679 ................................ ................................ ................................ ................................<br />
43095.............. 22-2328900........ ..01/01/1997 CLARENDON AMERICA INSURANCE COMPANY......................... NEW JERSEY........................................... OTH/G............. ..............4,586,290 ................................ ............10,110,897 ................................ ................................ ................................ ................................<br />
33197.............. 06-0949141........ ..01/01/1995 COLOGNE REINSURANCE COMPANY OF AMERICA................... CONNECTICUT........................................ OTH/G............. ..............3,927,625 ................................ ..............2,648,217 ................................ ................................ ................................ ................................<br />
62146.............. 36-2136262........ ..01/01/2001 COMBINED INSURANCE COMPANY OF AMERICA...................... ILLINOIS.................................................... OTH/G............. ................(127,223) .................339,208 ................................ ................................ ................................ ................................ ................................<br />
84824.............. 04-6145677........ ..07/01/1985 COMMONWEALTH ANNUITY AND LIFE INSURANCE COMPANY MASSACHUSETTS.................................. DIS/G............... ................................ ................................ .....................4,720 ................................ ................................ ................................ ................................<br />
68276.............. 48-1024691........ ..12/15/1961 EMPLOYERS REASSURANCE CORPORATION............................ KANSAS.................................................... CO/I................. ..............2,037,866 ................................ ............66,912,736 ................................ ................................ ................................ ................................<br />
20281.............. 13-1963496........ ..10/01/1994 FEDERAL INSURANCE COMPANY................................................. INDIANA.................................................... OTH/G............. ................(167,276) ................................ ..............2,706,924 ................................ ................................ ................................ ................................<br />
86258.............. 13-2572994........ ..01/01/1995 GENERAL RE LIFE CORPORATION................................................ CONNECTICUT........................................ CO/I................. ..............5,911,285 ..............1,910,262 ............61,836,604 ................................ ................................ ................................ ................................<br />
86258.............. 13-2572994........ ..10/01/2005 GENERAL RE LIFE CORPORATION................................................ CONNECTICUT........................................ CO/I................. ........................698 ................................ ................................ ................................ ................................ ................................ ................................<br />
86258.............. 13-2572994........ ..04/01/1996 GENERAL RE LIFE CORPORATION................................................ CONNECTICUT........................................ DIS/G............... ..............6,715,059 ................................ ............22,896,284 ................................ ................................ ................................ ................................<br />
86258.............. 13-2572994........ ..10/01/2005 GENERAL RE LIFE CORPORATION................................................ CONNECTICUT........................................ DIS/G............... ...................22,741 ................................ ................................ ................................ ................................ ................................ ................................<br />
68322.............. 84-0467907........ ..07/01/1985 GREAT WEST LIFE & ANNUITY INSURANCE COMPANY............ COLORADO.............................................. DIS/G............... ................................ ................................ .....................6,336 ................................ ................................ ................................ ................................<br />
70815.............. 06-0838648........ ..10/01/2001 HARTFORD LIFE & ACCIDENT INS CO.......................................... CONNECTICUT........................................ DIS/G............... ................................ ................................ .................629,049 ................................ ................................ ................................ ................................<br />
93777.............. 38-2341728........ ..10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY.................................. MICHIGAN................................................. CO/I................. .....................6,714 ..............4,905,977 ................................ ................................ ................................ ................................ ................................<br />
93777.............. 38-2341728........ ..10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY.................................. MICHIGAN................................................. CO/G............... ...................10,031 .....................1,208 ................................ ................................ ................................ ................................ ................................<br />
73288.............. 39-1263473........ ..01/01/1988 HUMANA INSURANCE COMPANY, INC.......................................... WISCONSIN.............................................. OTH/G............. .................186,740 ................................ ...................14,704 ................................ ................................ ................................ ................................<br />
65838.............. 01-0233346........ ..04/01/1983 JOHN HANCOCK LIFE INS COMPANY (U.S.A.).............................. MICHIGAN................................................. CO/I................. ...................45,894 ...................14,000 ..............7,225,501 ................................ ................................ ................................ ................................<br />
65838.............. 01-0233346........ ..01/01/1996 JOHN HANCOCK LIFE INS COMPANY (U.S.A.).............................. MICHIGAN................................................. OTH/G............. ..............1,294,999 ................................ ................................ ................................ ................................ ................................ ................................<br />
65099.............. 04-1414660........ ..01/01/1997 JOHN HANCOCK LIFE INSURANCE COMPANY............................ MASSACHUSETTS.................................. OTH/G............. ............10,309,451 ................................ .................674,945 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126957....... ..01/01/1997 LLOYD'S OF LONDON SYNDICATE 957......................................... UNITED KINGDOM................................... OTH/G............. .............(2,623,665) ................................ .................914,670 ................................ ................................ ................................ ................................<br />
65978.............. 13-5581829........ ..05/10/1999 METROPOLITAN LIFE INSURANCE COMPANY............................ NEW YORK............................................... CO/I................. ..............9,098,311 ..............2,881,759 ............84,414,184 ................................ ................................ ................................ ................................<br />
65978.............. 13-5581829........ ..05/10/1999 METROPOLITAN LIFE INSURANCE COMPANY............................ NEW YORK............................................... CO/I................. ............24,278,056 ..............2,732,003 ..........363,876,299 ................................ ................................ ................................ ................................<br />
65978.............. 13-5581829........ ..07/01/1985 METROPOLITAN LIFE INSURANCE COMPANY............................ NEW YORK............................................... DIS/G............... ................................ ................................ .....................5,840 ................................ ................................ ................................ ................................<br />
66044.............. 46-0164570........ ..01/01/1996 MIDLAND NATIONAL LIFE INSURANCE COMPANY..................... IOWA......................................................... OTH/G............. ................................ ................................ .................179,984 ................................ ................................ ................................ ................................<br />
66346.............. 58-0828824........ ..07/01/1985 MUNICH AMERICAN REASSURANCE COMPANY......................... GEORGIA.................................................. DIS/G............... ................................ ................................ .....................4,457 ................................ ................................ ................................ ................................<br />
10227.............. 13-4924125........ ..01/01/1997 MUNICH REINSURANCE AMERICA, INC........................................ DELAWARE............................................... OTH/G............. ................................ ................................ ...................17,252 ................................ ................................ ................................ ................................<br />
19445.............. 25-0687550........ ..03/31/2000 NATIONAL UNION FIRE INS CO OF PITTS..................................... PENNSYLVANIA....................................... CO/G............... ................................ ................................ ............19,940,698 ................................ ................................ ................................ ................................<br />
23841.............. 02-0172170........ ..01/01/1997 NEW HAMPSHIRE INSURANCE COMPANY................................... PENNSYLVANIA....................................... OTH/G............. ....................(2,160) ................................ ...................66,955 ................................ ................................ ................................ ................................<br />
66915.............. 13-5582869........ ..06/01/2001 NEW YORK LIFE INSURANCE COMPANY..................................... NEW YORK............................................... CO/G............... ................................ ................................ ............20,644,827 ................................ ................................ ................................ ................................<br />
62235.............. 01-0278678........ ..05/01/1991 PAUL REVERE LIFE INSURANCE COMPANY................................ MAINE........................................................ CO/I................. ..............1,121,407 ................................ ............17,542,970 ................................ ................................ ................................ ................................<br />
67814.............. 06-0493340........ ..10/01/1997 PHOENIX LIFE INSURANCE COMPANY......................................... NEW YORK............................................... OTH/G............. .................417,624 ................................ ..............2,349,812 ................................ ................................ ................................ ................................<br />
70211.............. 23-6200031........ ..10/01/1992 REASSURE AMERICA LIFE INSURANCE COMPANY................... INDIANA.................................................... CO/I................. .................974,756 ...................96,095 ..............8,259,008 ................................ ................................ ................................ ................................<br />
70211.............. 23-6200031........ ..05/01/1970 REASSURE AMERICA LIFE INSURANCE COMPANY................... INDIANA.................................................... CO/I................. .................133,848 ...................37,020 ............20,422,677 ................................ ................................ ................................ ................................<br />
68381.............. 36-0883760........ ..01/01/1995 RELIANCE STANDARD LIFE INSURANCE COMPANY.................. ILLINOIS.................................................... OTH/G............. ................................ ................................ ...................69,384 ................................ ................................ ................................ ................................<br />
68381.............. 36-0883760........ ..07/01/1985 RELIANCE STANDARD LIFE INSURANCE COMPANY.................. ILLINOIS.................................................... DIS/G............... ................................ ................................ ...................16,041 ................................ ................................ ................................ ................................<br />
67105.............. 41-0451140........ ..01/01/1986 RELIASTAR LIFE INSURANCE COMPANY..................................... MINNESOTA............................................. DIS/G............... ................................ ................................ ...................21,182 ................................ ................................ ................................ ................................<br />
67105.............. 41-0451140........ ..05/01/1989 RELIASTAR LIFE INSURANCE COMPANY..................................... MINNESOTA............................................. DIS/G............... ................................ ................................ ..............4,234,660 ................................ ................................ ................................ ................................<br />
93572.............. 43-1235868........ ..01/01/1998 RGA REINSURANCE COMPANY..................................................... MISSOURI................................................. OTH/G............. ................................ ................................ .................104,787 ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ CO/G............... ................................ ................................ .................468,024 ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ CO/I................. .................157,066 ...................59,700 ..............3,705,948 ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ OTH/G............. ...........(17,918,385) .....................2,608 ............95,628,415 ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..12/01/2001 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ OTH/I............... ..............1,003,310 .................273,535 ............46,991,785 ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..01/01/1966 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ CO/I................. ..................(80,549) ................................ ................................ ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..01/01/1970 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ CO/I................. ..................(45,880) ................................ ................................ ................................ ................................ ................................ ................................<br />
82627.............. 06-0839705........ ..04/01/1987 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ CO/I................. ..............1,764,082 ................................ ............23,990,175 ................................ ................................ ................................ ................................
44.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 2<br />
Reinsurance Ceded Accident and Health <strong>Insurance</strong> Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 Outstanding Surplus Relief 12 13<br />
Reserve Credit 10 11 Funds<br />
NAIC Federal Unearned Taken Other Than Modified Withheld<br />
<strong>Company</strong> ID Effective Premiums for Unearned Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Type Premiums (estimated) Premiums Year Year Reserve Coinsurance<br />
82627.............. 06-0839705........ ..09/01/2006 SWISS RE LIFE & HEALTH AMERICA, INC..................................... CONNECTICUT........................................ OTH/G............. ..............1,898,817 ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1127007....... ..01/01/1995 SYN. 1007 - CW SPRECKLEY & OTHERS...................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................84,885 ................................ ................................ ................................ ................................<br />
00000.............. AA-1127019....... ..01/01/1995 SYN. 1019 - JB NICE & OTHERS...................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................21,948 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126122....... ..01/01/1995 SYN. 122 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................26,213 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126179....... ..01/01/1995 SYN. 179 - RWS LARK & OTHERS.................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................61,413 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126190....... ..01/01/1995 SYN. 190 - FRW................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................36,574 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126204....... ..01/01/1995 SYN. 204 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................20,143 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126322....... ..01/01/1995 SYN. 322 - JDB BARNES & OTHERS............................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................5,238 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126047....... ..01/01/1995 SYN. 47 - GD WILLIAMS.................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................9,388 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126683....... ..01/01/1995 SYN. 683 - MEB.................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................73,148 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126702....... ..01/01/1995 SYN. 702 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................21,177 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126734....... ..01/01/1995 SYN. 734 - EA DISILVIO & OTHERS................................................ UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................36,574 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126925....... ..01/01/1995 SYN. 925 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................18,288 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126947....... ..01/01/1995 SYN. 947............................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................34,942 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126960....... ..01/01/1995 SYN. 960 - RWS................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................13,102 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126990....... ..01/01/1995 SYN. 990 - MJ COX............................................................................ UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................10,966 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126991....... ..01/01/1995 SYN. 991 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................6,551 ................................ ................................ ................................ ................................<br />
00000.............. AA-1127101....... ..10/01/1997 SYND 1101 DUNCANSON & HOLT SYND MGMT LTD.................. UNITED KINGDOM................................... OTH/G............. ................(109,397) ................................ ..............1,932,087 ................................ ................................ ................................ ................................<br />
00000.............. AA-1127185....... ..10/01/1997 SYND 1185 J M COLLINS................................................................. UNITED KINGDOM................................... OTH/G............. .......................(788) ................................ .................160,103 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126048....... ..01/01/1996 SYND 48 ARIEL GROUP................................................................... UNITED KINGDOM................................... OTH/G............. ...................32,566 ................................ ...................14,991 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126053....... ..10/01/1997 SYND 53............................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ .................376,573 ................................ ................................ ................................ ................................<br />
00000.............. AA-1126959....... ..01/01/1996 SYND 959........................................................................................... UNITED KINGDOM................................... OTH/G............. ...................35,288 ................................ ...................76,735 ................................ ................................ ................................ ................................<br />
86231.............. 39-0989781........ ..01/01/1995 TRANSAMERICA LIFE INSURANCE COMPANY............................ IOWA......................................................... OTH/G............. ................................ ................................ ...................74,993 ................................ ................................ ................................ ................................<br />
19453.............. 13-5616275........ ..09/01/2007 TRANSATLANTIC REININSURANCE COMPANY........................... NEW YORK............................................... CAT/G............. .....................6,937 ................................ ................................ ................................ ................................ ................................ ................................<br />
62596.............. 31-0252460........ ..06/01/1990 UNION FIDELITY LIFE INSURANCE COMPANY............................ ILLINOIS.................................................... CO/I................. .....................6,714 ................................ ...................42,287 ................................ ................................ ................................ ................................<br />
62596.............. 31-0252460........ ..06/01/1990 UNION FIDELITY LIFE INSURANCE COMPANY............................ ILLINOIS.................................................... CO/G............... ...................10,031 ................................ .....................4,293 ................................ ................................ ................................ ................................<br />
13021.............. 42-0644327........ ..01/01/1999 UNITED FIRE & CASUALTY COMPANY.......................................... IOWA......................................................... OTH/G............. ................................ ................................ .....................3,585 ................................ ................................ ................................ ................................<br />
62235.............. 01-0278678........ ..07/01/1985 UNUM LIFE INSURANCE COMPANY OF AMERICA...................... MAINE........................................................ DIS/G............... ................................ ................................ .................373,963 ................................ ................................ ................................ ................................<br />
62235.............. 01-0278678........ ..02/01/1986 UNUM LIFE INSURANCE COMPANY OF AMERICA...................... MAINE........................................................ DIS/G............... ................................ ................................ ..............1,165,936 ................................ ................................ ................................ ................................<br />
80802.............. 38-1082080........ ..01/01/1997 US BRANCH OF THE SUN LIFE ASSUR CO OF CA...................... MICHIGAN................................................. OTH/G............. ..............9,602,328 ................................ ..............3,629,851 ................................ ................................ ................................ ................................<br />
80659.............. 38-0397420........ ..04/01/1983 US BUSINESS OF THE CANADA LIFE ASSUR CO........................ MICHIGAN................................................. CO/I................. ...................46,262 ...................13,979 ..............7,293,465 ................................ ................................ ................................ ................................<br />
0299999. Total - Authorized General Account - Non-Affiliates................................................................................ ............................................................................................... ............71,412,384 ............13,574,443 ..........993,782,154 ............................0 ............................0 ............................0 ............................0<br />
0399999. Total - Authorized General Account......................................................................................................... ............................................................................................... ............72,448,293 ............13,574,443 .......1,015,037,180 ............................0 ............................0 ............................0 ............................0<br />
Unauthorized General Account - Affiliates<br />
00000.............. AA-3160057....... ..12/31/1990 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) LTD. BARBADOS............................................... COFW/I........... ............30,106,410 ..............8,243,690 ..........686,596,083 ................................ ................................ ................................ ..........615,033,423<br />
00000.............. AA-3160057....... ..01/01/2001 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) LTD. BARBADOS............................................... OTH/G............. .............(2,630,791) ............10,681,514 ................................ ................................ ................................ ................................ ............22,950,239<br />
0499999. Total - Unauthorized General Account - Affiliates................................................................................... ............................................................................................... ............27,475,619 ............18,925,204 ..........686,596,083 ............................0 ............................0 ............................0 ..........637,983,662<br />
Unauthorized General Account - Non-Affiliates<br />
00000.............. AA-1460115....... ..01/01/1997 ALEA EUROPE LIMITED................................................................... SWITZERLAND......................................... OTH/G............. ................................ ................................ .....................3,703 ................................ ................................ ................................ ................................<br />
00000.............. AA-1360182....... ..01/01/1997 ALLIANZ S.P.A................................................................................... ITALY......................................................... OTH/G............. ................................ ................................ ...................13,679 ................................ ................................ ................................ ................................<br />
00000.............. AA-1320035....... ..12/22/2005 AXA RE............................................................................................... FRANCE.................................................... OTH/G............. ................................ ................................ ...................27,357 ................................ ................................ ................................ ................................<br />
00000.............. AA-1120330....... ..01/01/1997 BRAMPTON INSURANCE COMPANY LIMITED.............................. UNITED KINGDOM................................... OTH/G............. ................(342,293) ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1120242....... ..09/01/2007 BRIT INS LTD..................................................................................... ENGLAND................................................. CAT/G............. .....................1,867 ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1320052....... ..01/01/1999 CAISSE CENTRALE DE REASSURANCE....................................... FRANCE.................................................... OTH/G............. ................................ ................................ ...................64,920 ................................ ................................ ................................ ................................<br />
00000.............. AA-1320019....... ..01/01/1998 COMPAGNIE TRANSCONTINENTALE DE REASSUR................... FRANCE.................................................... OTH/G............. ................................ ................................ .....................3,985 ................................ ................................ ................................ ................................<br />
00000.............. AA-1340085....... ..01/01/1997 E+S RUCKVERSICHERUNG AG...................................................... GERMANY................................................. OTH/G............. ................................ ................................ .....................6,972 ................................ ................................ ................................ ................................<br />
00000.............. AA-1460045....... ..11/05/2001 EUROPEAN REINS CO OF ZURICH LTD, BERMUDA.................... BERMUDA................................................. OTH/I............... .............(9,676,191) ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1126033....... ..09/01/2007 HISCOX SYNDICATES LTD.............................................................. ENGLAND................................................. CAT/G............. .....................7,707 ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1127200....... ..09/01/2007 LLOYD'S SYNDICATE NUMBER 1200............................................. ENGLAND................................................. CAT/G............. .....................5,138 ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1127400....... ..09/01/2007 LLOYD'S SYNDICATE NUMBER 1400............................................. ENGLAND................................................. CAT/G............. .....................6,628 ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1561031....... ..01/01/1995 LONDON LIFE INSURANCE COMPANY.......................................... CANADA.................................................... OTH/G............. ................................ ................................ ...................93,889 ................................ ................................ ................................ ................................<br />
00000.............. AA-1561007....... ..09/01/1995 MANUFACTURERS LIFE INSURANCE COMPANY........................ CANADA.................................................... OTH/G............. ....................(1,264) ................................ .................147,699 ................................ ................................ ................................ ................................
44.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 3 - SECTION 2<br />
Reinsurance Ceded Accident and Health <strong>Insurance</strong> Listed by Reinsuring <strong>Company</strong> as of December 31, Current Year<br />
1 2 3 4 5 6 7 8 9 Outstanding Surplus Relief 12 13<br />
Reserve Credit 10 11 Funds<br />
NAIC Federal Unearned Taken Other Than Modified Withheld<br />
<strong>Company</strong> ID Effective Premiums for Unearned Current Prior Coinsurance Under<br />
Code Number Date Name of <strong>Company</strong> Location Type Premiums (estimated) Premiums Year Year Reserve Coinsurance<br />
00000.............. AA-1930041....... ..06/01/1999 METLIFE INSURANCE LIMITED....................................................... AUSTRALIA............................................... OTH/I............... ................(221,129) ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1120980....... ..01/01/1997 MINSTER INSURANCE COMPANY LIMITED.................................. UNITED KINGDOM................................... OTH/G............. .................648,576 ................................ .................451,435 ................................ ................................ ................................ ..............1,732,867<br />
00000.............. AA-1340165....... ..01/01/1997 MUNCHENER RUCKVERSICHERUNGS-GESELLSCHAFT........... GERMANY................................................. OTH/G............. ................................ ................................ ...................23,253 ................................ ................................ ................................ ................................<br />
00000.............. AA-1320275....... ..01/01/1997 SCOR GLOBAL LIFE......................................................................... FRANCE.................................................... OTH/G............. ................................ ................................ ...................14,317 ................................ ................................ ................................ ................................<br />
00000.............. AA-1320275....... ..01/01/2001 SCOR GLOBAL LIFE......................................................................... FRANCE.................................................... OTH/I............... .............(9,732,476) ...................21,023 ..............2,498,480 ................................ ................................ ................................ ................................<br />
00000.............. AA-1440076....... ..09/01/2007 SIRIUS INTERNATIONAL INSURANCE CORP............................... SWEDEN................................................... CAT/G............. .....................5,121 ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1440076....... ..01/01/1999 SIRIUS INTL INS CORP (BELGIUM BRANCH)................................ BELGIUM................................................... OTH/G............. ................................ ................................ ...................82,199 ................................ ................................ ................................ ................................<br />
00000.............. AA-1561039....... ..10/01/1997 SUN LIFE ASSURANCE COMPANY OF CANADA.......................... CANADA.................................................... OTH/G............. .....................1,568 ................................ .................136,220 ................................ ................................ ................................ ................................<br />
........................ ............................ ..06/01/2001 SWISS RE LIFE & HEALTH (IRELAND) LTD................................... IRELAND................................................... CO/I................. ..................(68,623) ................................ ................................ ................................ ................................ ................................ ................................<br />
00000.............. AA-1560016....... ..12/01/2001 SWISS RE LIFE & HEALTH CANADA.............................................. CANADA.................................................... OTH/G............. ....................(9,909) ................................ ...................36,162 ................................ ................................ ................................ ................................<br />
00000.............. AA-1460146....... ..12/31/2007 SWISS REINSURANCE COMPANY LTD......................................... SWITZERLAND......................................... COFW/I........... ............12,033,850 ..............1,341,306 ..........217,609,061 ................................ ................................ ................................ ..........212,181,480<br />
00000.............. AA-1460146....... ..11/05/2001 SWISS REINSURANCE COMPANY LTD......................................... SWITZERLAND......................................... OTH/I............... ................................ ...................21,998 ..............2,209,802 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 1001 -......................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................6,551 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 1034 -......................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................13,102 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 1085 -......................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................5,238 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 1113 -......................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................7,864 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 1145 -......................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................29,255 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 15 -............................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................53,549 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 212 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................26,204 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 225 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................9,176 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 256 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................73,148 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 370 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................6,551 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 404 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................6,551 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 512 - RJ JESSEL & OTHERS................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................51,202 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 56 -............................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................15,939 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 636 - JDP BARNES.................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................22,982 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 782 - JSC FLINN....................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................21,948 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 942 -........................................................................................... UNITED KINGDOM................................... OTH/G............. ................................ ................................ .....................6,551 ................................ ................................ ................................ ................................<br />
00000.............. AA-1122000....... ..01/01/1995 SYN. 97 -............................................................................................. UNITED KINGDOM................................... OTH/G............. ................................ ................................ ...................36,574 ................................ ................................ ................................ ................................<br />
00000.............. AA-1580095....... ..09/01/2007 THE TOA REINS CO LTD.................................................................. JAPAN....................................................... CAT/G............. .....................5,138 ................................ ................................ ................................ ................................ ................................ ................................<br />
0599999. Total - Unauthorized General Account - Non-Affiliates........................................................................... ............................................................................................... .............(7,336,292) ..............1,384,327 ..........223,815,518 ............................0 ............................0 ............................0 ..........213,914,347<br />
0699999. Total - Unauthorized General Account.................................................................................................... ............................................................................................... ............20,139,327 ............20,309,531 ..........910,411,601 ............................0 ............................0 ............................0 ..........851,898,009<br />
0799999. Total - Authorized and Unauthorized General Account.......................................................................... ............................................................................................... ............92,587,620 ............33,883,974 .......1,925,448,781 ............................0 ............................0 ............................0 ..........851,898,009<br />
1599999. Totals........................................................................................................................................................ ............................................................................................... ............92,587,620 ............33,883,974 .......1,925,448,781 ............................0 ............................0 ............................0 ..........851,898,009
45<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 4<br />
Reinsurance Ceded To Unauthorized Companies<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Paid and Funds Deposited Sum of Cols.<br />
NAIC Federal Reserve Unpaid Losses Total by and Withheld Miscellaneous 9 + 10 + 11 + 12<br />
<strong>Company</strong> ID Effective Credit Recoverable Other (Cols. Letters of Trust from Balances + 13 But Not in<br />
Code Number Date Name of Reinsurer Taken (Debit) Debits 5 + 6 + 7) Credit Agreements Reinsurers Other (Credit) Excess of Col. 8<br />
GENERAL ACCOUNT, LIFE AND ANNUITY<br />
Affiliates<br />
12757.............. 20-3743123.... ..10/01/2006 LFG SOUTH CAROLINA REINSURANCE COMPANY ............188,208,751 .................4,200,000 .................................. ............192,408,751 .................................. ............218,649,294 .................................. .................................. .................................. ............192,408,751<br />
00000.............. AA-3160057.... ..12/01/2005 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) .........1,020,482,288 LTD .................1,141,572 ..............86,862,868 .........1,108,486,728 ............960,000,000 ............138,867,101 .................................. .................................. .................9,619,627 .........1,108,486,728<br />
00000.............. AA-3160057.... ..10/01/2003 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) ............344,673,833 LTD ....................863,655 ..............30,956,992 ............376,494,480 ............182,800,000 ............194,184,545 .................................. .................................. .................3,469,065 ............376,494,480<br />
00000.............. AA-3160057.... ..11/09/1994 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) ..............29,204,561 LTD .................................. .................................. ..............29,204,561 ....................100,000 ..............29,197,784 .................................. .................................. .................................. ..............29,204,561<br />
00000.............. AA-3160057.... ..07/01/2003 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) ............909,722,720 LTD ..............20,546,563 .................................. ............930,269,283 .................................. .........1,068,684,486 .................................. .................................. ..............19,219,540 ............930,269,283<br />
00000.............. AA-3160057.... ..01/01/2001 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) .................3,579,713 LTD .................1,294,106 ..................(135,006) .................4,738,813 .................1,900,000 .................................. .................3,069,198 .................................. ..................(196,208) .................4,738,813<br />
00000.............. AA-3160057.... ..12/31/2008 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) ............804,640,124 LTD .................................. .................................. ............804,640,124 ............370,494,975 .................................. ............434,307,792 .................................. .................................. ............804,640,124<br />
13028.............. 26-0629864.... ..10/01/2007 LINCOLN REINSURANCE COMPANY OF SOUTH CAROLINA ............348,945,798 .................................. .................................. ............348,945,798 ..............75,000,000 ............322,130,051 .................................. .................................. .................................. ............348,945,798<br />
0199999. Total - General Account-<strong>Life</strong> and Annuity - Affiliates................................................ .........3,649,457,788 ..............28,045,896 ............117,684,854 .........3,795,188,538 .........1,590,294,975 .........1,971,713,261 ............437,376,990 ...............................0 ..............32,112,024 .........3,795,188,538<br />
Non-Affiliates<br />
00000.............. AA-3194154.... ..04/01/2005 ACE TEMPEST LIFE REINSURANCE LTD........... .................1,714,994 ......................50,000 .................................. .................1,764,994 .................2,000,000 .................................. .................................. .................................. .................................. .................1,764,994<br />
00000.............. AA-1460115.... ..01/01/1988 ALEA EUROPE LIMITED........................................ ....................179,604 ......................78,887 .................................. ....................258,491 ....................276,396 .................................. .................................. .................................. .................................. ....................258,491<br />
00000.............. AA-1460115.... ..01/01/1986 ALEA EUROPE LIMITED........................................ ......................35,298 ......................28,819 ........................2,224 ......................66,341 ......................60,800 .................................. .................................. .................................. ......................11,796 ......................66,341<br />
00000.............. AA-1360182.... ..11/01/1995 ALLIANZ S.P.A........................................................ ....................544,671 ....................462,524 ........................1,529 .................1,008,724 ....................725,142 .................................. .................................. ....................283,582 .................................. .................1,008,724<br />
00000.............. AA-1460080.... ..01/01/1983 ALLIANZ SUISSE INSURANCE COMPANY.......... ......................10,585 ........................9,880 .................................. ......................20,465 ......................12,121 .................................. .................................. .................................. .................................. ......................12,121<br />
00000.............. AA-1360015.... ..11/01/1995 ASSICURAZIONI GENERALI S.P.A....................... .................1,173,518 ....................421,292 ........................1,732 .................1,596,542 .................1,037,200 .................................. .................................. ....................559,342 .................................. .................1,596,542<br />
00000.............. AA-1244102.... ..01/01/1988 AXA BELGIUM......................................................... ......................12,031 .................................. .................................. ......................12,031 ......................11,929 .................................. .................................. .................................. .................................. ......................11,929<br />
00000.............. AA-1320035.... ..01/01/1992 AXA RE.................................................................... ....................103,891 ........................2,401 .................................. ....................106,292 ....................106,672 .................................. .................................. .................................. .................................. ....................106,292<br />
00000.............. AA-1320035.... ..07/21/1993 AXA RE.................................................................... ......................99,173 ........................1,560 .................................. ....................100,733 ....................182,200 .................................. .................................. .................................. .................................. ....................100,733<br />
00000.............. AA-3160075.... ..03/23/1993 BANK OF MONTREAL INS (BARBADOS) LTD..... ....................165,992 ....................267,221 ........................1,355 ....................434,568 ....................461,300 .................................. .................................. .................................. ........................3,157 ....................434,568<br />
00000.............. AA-1460030.... ..01/01/1981 BERNER ALLGEMEINE VERSICHERUNGS-GESELLSC ......................29,771 ......................20,403 ........................1,055 ......................51,229 .................................. ......................66,400 .................................. .................................. ........................5,755 ......................51,229<br />
00000.............. AA-1120242.... ..09/01/2007 BRIT INS LTD.......................................................... .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1320052.... ..03/01/1989 CAISSE CENTRALE DE REASSURANCE............ .................1,789,937 ....................351,115 ....................104,048 .................2,245,100 .................2,323,300 .................................. .................................. .................................. ....................363,891 .................2,245,100<br />
00000.............. AA-1340015.... ..01/01/1982 CONVERIUM RUECKVERSICHERUNG................ .................1,347,240 ....................653,121 .................................. .................2,000,361 .................1,875,778 .................................. .................................. .................................. .................................. .................1,875,778<br />
00000.............. AA-1280067.... ..01/01/1981 COPENHAGEN REINSURANCE COMPANY LTD ......................59,542 ........................1,843 .................................. ......................61,385 .................................. .................................. .................................. ......................61,385 .................................. ......................61,385<br />
00000.............. AA-1580007.... ..10/24/1986 DAI-ICHI MUTUAL LIFE INSURANCE COMPANY ....................469,874 ......................87,355 ........................1,165 ....................558,394 ....................541,700 .................................. .................................. .................................. ......................43,627 ....................558,394<br />
00000.............. AA-1440043.... ..03/01/1987 GAMLA LIVFORSAKRINGSAKTIEBOLAGET SEB TRY ......................97,942 ...........................882 .................................. ......................98,824 .................................. .................................. .................................. ......................98,824 .................................. ......................98,824<br />
00000.............. AA-1340090.... ..01/01/1981 GE FRANKONA RUCKVERSICHERUNGS AG..... ....................446,777 ....................192,946 .................................. ....................639,723 ....................613,339 .................................. .................................. .................................. .................................. ....................613,339<br />
00000.............. AA-1581003.... ..07/01/1998 GIBRALTAR LIFE INSURANCE COMPANY LTD.. ....................892,975 ......................77,291 ...........................273 ....................970,539 .................1,202,900 .................................. .................................. .................................. .................................. ....................970,539<br />
00000.............. AA-1126033.... ..09/01/2007 HISCOX SYNDICATES LTD................................... .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
64360.............. 38-2539196.... ..10/01/1995 HOUSEHOLD LIFE INSURANCE COMPANY OF AZ............746,438,335 .................................. .................................. ............746,438,335 .................................. ............753,510,805 .................................. .................................. .................................. ............746,438,335<br />
00000.............. AA-1360080.... ..01/01/1981 LA FONDIARIA ASSICURAZIONI.......................... ......................67,704 ......................28,524 .................................. ......................96,228 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1320222.... ..05/01/1980 LES MUTUELLES DU MANS I A R D..................... ........................2,438 ........................1,465 .................................. ........................3,903 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1127200.... ..09/01/2006 LLOYD'S SYNDICATE NUMBER 1200.................. .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1127400.... ..09/01/2007 LLOYD'S SYNDICATE NUMBER 1400.................. .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1561031.... ..04/20/1986 LONDON LIFE INSURANCE COMPANY............... ........................6,343 ...........................419 .................................. ........................6,762 .................................. .................................. .................................. ........................6,762 .................................. ........................6,762<br />
93580.............. 84-0849721.... ..08/01/2002 M LIFE INSURANCE COMPANY........................... ......................97,588 .................................. .................................. ......................97,588 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
93580.............. 84-0849721.... ..08/01/2002 M LIFE INSURANCE COMPANY........................... .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
93580.............. 84-0849721.... ..04/01/2007 M LIFE INSURANCE COMPANY........................... .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1560600.... ..05/20/1991 MUNICH REINSURANCE COMPANY OF CANADA......................60,330 ...........................692 .................................. ......................61,022 .................................. .................................. .................................. ......................61,022 .................................. ......................61,022<br />
00000.............. AA-1460100.... ..01/01/1981 NEW REINSURANCE COMPANY OF GENEVA... ....................268,487 ....................136,903 .................................. ....................405,390 ....................371,170 .................................. .................................. .................................. .................................. ....................371,170<br />
00000.............. AA-1460100.... ..01/01/1981 NOUVELLE COMPAGNIE DE REASSURANCES. ......................59,542 ......................12,539 ........................2,110 ......................74,191 ......................97,900 .................................. .................................. .................................. ......................11,509 ......................74,191<br />
00000.............. AA-1422010.... ..01/01/1990 OSLO REINSURANCE COMPANY........................ .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1120037.... ..01/01/1981 PACIFIC LIFE RE.................................................... ....................526,070 ....................211,151 .................................. ....................737,221 .................................. ....................871,294 .................................. .................................. .................................. ....................737,221<br />
00000.............. AA-1120037.... ..07/01/1998 PACIFIC LIFE RE.................................................... ....................764,365 ....................357,898 ........................1,523 .................1,123,786 .................................. .................................. .................................. .................1,123,786 .................................. .................1,123,786<br />
00000.............. AA-1320265.... ..11/01/1995 PARTNER REINSURANCE EUROPE LIMITED.... ....................599,710 ......................15,887 .................................. ....................615,597 ....................466,900 .................................. .................................. ....................148,697 .................................. ....................615,597<br />
00000.............. AA-1360182.... ..01/01/1983 RIUNIONE ADRIATICA DI SICURTA..................... ....................333,862 ....................142,420 .................................. ....................476,282 ....................481,118 .................................. .................................. .................................. .................................. ....................476,282<br />
00000.............. AA-3160046.... ..11/22/1996 ROYAL BANK OF CANADA INSURANCE CO LTD .................2,228,703 ......................86,541 .................................. .................2,315,244 .................3,405,600 .................................. .................................. .................................. .................................. .................2,315,244<br />
00000.............. AA-1320275.... ..01/01/2001 SCOR GLOBAL LIFE.............................................. .................4,322,983 ....................872,552 ........................2,697 .................5,198,232 .................5,396,507 .................................. .................................. .................................. ....................348,148 .................5,198,232<br />
00000.............. AA-1360270.... ..01/01/1984 SCOR ITALIA RIASSICURAZIONI......................... ......................64,760 ......................28,524 .................................. ......................93,284 ......................95,418 .................................. .................................. .................................. .................................. ......................93,284<br />
00000.............. AA-1240175.... ..01/01/1983 SECURA SOCIETE DE REASSURANCE.............. ......................41,325 ......................24,670 .................................. ......................65,995 ......................61,448 .................................. .................................. .................................. .................................. ......................61,448
45.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 4<br />
Reinsurance Ceded To Unauthorized Companies<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Paid and Funds Deposited Sum of Cols.<br />
NAIC Federal Reserve Unpaid Losses Total by and Withheld Miscellaneous 9 + 10 + 11 + 12<br />
<strong>Company</strong> ID Effective Credit Recoverable Other (Cols. Letters of Trust from Balances + 13 But Not in<br />
Code Number Date Name of Reinsurer Taken (Debit) Debits 5 + 6 + 7) Credit Agreements Reinsurers Other (Credit) Excess of Col. 8<br />
00000.............. AA-1440076.... ..03/01/2001 SIRIUS INTERNATIONAL INSURANCE CORP..... ....................209,090 ....................108,114 .................................. ....................317,204 ....................230,000 .................................. .................................. .................................. .................................. ....................230,000<br />
00000.............. AA-1440076.... ..09/01/2007 SIRIUS INTERNATIONAL INSURANCE CORP..... .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1440076.... ..01/01/2001 SIRIUS INTERNATIONAL INSURANCE CORP..... ....................115,420 ........................1,080 .................................. ....................116,500 ....................125,000 .................................. .................................. .................................. .................................. ....................116,500<br />
00000.............. AA-1320295.... ..07/01/1987 SOREMA S.A........................................................... ....................127,592 ......................71,027 ...........................341 ....................198,960 ....................228,100 .................................. .................................. .................................. .................................. ....................198,960<br />
00000.............. AA-1320295.... ..01/01/1982 SOREMA STE DE REASS DES ASS MUT AGRICOLES ...........................949 ...........................327 .................................. ........................1,276 ........................2,000 .................................. .................................. .................................. .................................. ........................1,276<br />
00000.............. AA-1561039.... ..11/22/1996 SUN LIFE ASSURANCE COMPANY OF CANADA ....................654,932 ......................25,990 .................................. ....................680,922 .................................. .................................. .................................. ....................680,922 .................................. ....................680,922<br />
80802.............. 38-1082080.... ..01/01/1991 SUN LIFE ASSURANCE COMPANY OF CANADA ....................596,085 ....................459,695 .................................. .................1,055,780 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
00000.............. AA-1360240.... ..01/01/1986 SWISS RE ITALIA S.P.A......................................... ........................5,534 .............................27 .................................. ........................5,561 .................................. .................................. .................................. ........................5,561 .................................. ........................5,561<br />
00000.............. AA-1560016.... ..12/01/2001 SWISS RE LIFE & HEALTH CANADA................... ....................112,075 ........................1,285 .................................. ....................113,360 .................2,623,000 .................................. .................................. .................................. .................................. ....................113,360<br />
00000.............. AA-1460146.... ..12/31/2008 SWISS REINSURANCE COMPANY LTD.............. .........2,608,052,646 ....................275,762 ...........................380 .........2,608,328,788 .................................. .........1,843,104,213 ............856,984,823 .................................. ....................344,137 .........2,608,328,788<br />
00000.............. AA-3160064.... ..03/23/1993 TD REINSURANCE (BARBADOS) INC.................. ....................180,650 ......................43,999 ...........................429 ....................225,078 ....................412,500 .................................. .................................. .................................. ........................4,227 ....................225,078<br />
00000.............. AA-1580095.... ..09/01/2007 THE TOA REINS CO LTD....................................... .................................. .................................. .................................. ...............................0 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
69493.............. 74-1231916.... ..01/01/1986 TOWER LIFE INSURANCE COMPANY................. ......................15,446 ...........................239 .................................. ......................15,685 .................................. .................................. .................................. ......................15,685 .................................. ......................15,685<br />
00000.............. AA-3190773.... ..11/01/2000 TRANSAMERICA INTERNATIONAL RE (BERMUDA) ....................930,912 LTD<br />
.................................. .................................. ....................930,912 ....................950,000 .................................. .................................. .................................. .................................. ....................930,912<br />
00000.............. AA-1440043.... ..01/01/1981 TRYGG HANSA INSURANCE COMPANY LTD.... ....................193,511 ....................417,331 ......................60,584 ....................671,426 ....................556,600 .................................. .................................. .................................. ....................310,303 ....................671,426<br />
00000.............. AA-1440043.... ..01/01/1981 TRYGG HANSA LIFE INSURANCE COMPANY LTD....................560,600 ....................342,602 .................................. ....................903,202 ....................905,549 .................................. .................................. .................................. .................................. ....................903,202<br />
00000.............. AA-1120743.... ..01/01/1983 WINDSOR LIFE ASSURANCE COMPANY........... ....................100,657 ......................38,799 .................................. ....................139,456 ....................180,000 .................................. .................................. .................................. .................................. ....................139,456<br />
00000.............. AA-3190757.... ..10/01/2002 XL RE LIMITED........................................................ ........................2,086 .................................. .................................. ........................2,086 ......................10,000 .................................. .................................. .................................. .................................. ........................2,086<br />
00000.............. AA-3190757.... ..10/01/2002 XL RE LIMITED........................................................ ........................4,837 .............................64 .................................. ........................4,901 .................................. .................................. .................................. .................................. .................................. ...............................0<br />
0299999. Total - General Account-<strong>Life</strong> and Annuity - Non-Affiliates........................................ .........3,376,919,382 .................6,414,066 ....................181,445 .........3,383,514,893 ..............28,029,587 .........2,597,552,712 ............856,984,823 .................3,045,568 .................1,446,550 .........3,381,971,109<br />
0399999. Total - General Account - <strong>Life</strong> and Annuity............................................................... .........7,026,377,170 ..............34,459,962 ............117,866,299 .........7,178,703,431 .........1,618,324,562 .........4,569,265,973 .........1,294,361,813 .................3,045,568 ..............33,558,574 .........7,177,159,647<br />
GENERAL ACCOUNTS, ACCIDENT AND HEALTH<br />
Affiliates<br />
00000.............. AA-3160057.... ..01/01/2001 LINCOLN NATIONAL REINSURANCE COMPANY (BARBADOS) ............705,521,287 LTD ..............20,032,924 ..................(319,017) ............725,235,194 ..............86,300,000 .................................. ............637,983,662 .................................. .................1,049,544 ............725,235,194<br />
0499999. Total - General Account-A&H - Affiliates................................................................... ............705,521,287 ..............20,032,924 ..................(319,017) ............725,235,194 ..............86,300,000 ...............................0 ............637,983,662 ...............................0 .................1,049,544 ............725,235,194<br />
Non-Affiliates<br />
00000.............. AA-1460115.... ..01/01/1997 ALEA EUROPE LIMITED........................................ ........................3,703 ...........................385 .................................. ........................4,088 ......................81,617 .................................. .................................. .................................. .................................. ........................4,088<br />
00000.............. AA-1360182.... ..01/01/1997 ALLIANZ S.P.A........................................................ ......................13,679 ....................(67,635) .................................. ....................(53,956) .................................. .................................. .................................. .................................. .................................. ....................(53,956)<br />
00000.............. AA-1320035.... ..12/22/2005 AXA RE.................................................................... ......................27,357 ..................(135,264) .................................. ..................(107,907) .................................. .................................. .................................. .................................. .................................. ..................(107,907)<br />
00000.............. AA-1120330.... ..01/01/1997 BRAMPTON INSURANCE COMPANY LIMITED... .................................. .................9,552,132 .................................. .................9,552,132 ....................269,187 .................................. .................................. .................9,282,945 .................................. .................9,552,132<br />
00000.............. AA-1320052.... ..01/01/1999 CAISSE CENTRALE DE REASSURANCE............ ......................64,920 ....................(52,911) .................................. ......................12,009 ......................68,430 .................................. .................................. .................................. .................................. ......................12,009<br />
00000.............. AA-1320019.... ..01/01/1998 COMPAGNIE TRANSCONTINENTALE DE REASSUR ........................3,985 ......................11,315 .................................. ......................15,300 ......................50,957 .................................. .................................. .................................. .................................. ......................15,300<br />
00000.............. AA-1340085.... ..01/01/1997 E+S RUCKVERSICHERUNG AG........................... ........................6,972 ........................1,099 .................................. ........................8,071 .................................. .................................. .................................. ........................8,071 .................................. ........................8,071<br />
00000.............. AA-1561031.... ..01/01/1995 LONDON LIFE INSURANCE COMPANY............... ......................93,889 ........................1,292 .................................. ......................95,181 .................................. .................................. .................................. ......................95,180 .................................. ......................95,180<br />
00000.............. AA-1561007.... ..01/08/1995 MANUFACTURERS LIFE INSURANCE COMPANY....................147,699 ........................1,453 .................................. ....................149,152 .................................. .................................. .................................. ....................149,152 .................................. ....................149,152<br />
00000.............. AA-1120980.... ..01/01/1997 MINSTER INSURANCE COMPANY LIMITED....... ....................451,435 .................2,134,789 .................................. .................2,586,224 .................................. .................................. .................1,732,867 ....................550,235 ....................303,122 .................2,586,224<br />
00000.............. AA-1340165.... ..01/01/1997 MUNCHENER RUCKVERSICHERUNGS-GESELLSCHAFT ......................23,253 ..................(114,981) .................................. ....................(91,728) ......................40,694 .................................. .................................. .................................. .................................. ....................(91,728)<br />
00000.............. AA-1320275.... ..01/01/2001 SCOR GLOBAL LIFE.............................................. .................2,533,820 .................1,481,609 ........................2,703 .................4,018,132 .................4,024,027 .................................. .................................. .................................. ....................320,081 .................4,018,132<br />
00000.............. AA-1440076.... ..01/01/1999 SIRIUS INTL INS CORP (BELGIUM BRANCH)..... ......................82,199 ......................43,246 .................................. ....................125,445 ....................341,986 .................................. .................................. .................................. .................................. ....................125,445<br />
00000.............. AA-1561039.... ..10/01/1997 SUN LIFE ASSURANCE COMPANY OF CANADA ....................136,220 ....................751,942 .................................. ....................888,162 .................................. .................................. .................................. ....................472,734 ....................415,428 ....................888,162<br />
00000.............. AA-1440092.... ..01/01/1996 SVENSKA BRAND.................................................. .................................. ........................1,605 .................................. ........................1,605 .................................. .................................. .................................. ........................1,605 .................................. ........................1,605<br />
00000.............. AA-1560016.... ..12/01/2001 SWISS RE LIFE & HEALTH CANADA................... ......................36,162 ......................43,586 .................................. ......................79,748 ....................277,000 .................................. .................................. .................................. ....................(18,701) ......................79,748<br />
00000.............. AA-1460146.... ..12/31/2007 SWISS REINSURANCE COMPANY LTD.............. ............221,182,167 .................5,491,238 ....................276,686 ............226,950,091 .................4,415,000 ..............10,000,000 ............212,181,480 .................................. .................2,345,455 ............226,950,091<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 1001 -.............................................................. ........................6,551 .................................. .................................. ........................6,551 .................................. .................................. .................................. ........................6,551 .................................. ........................6,551<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 1034 -.............................................................. ......................13,102 .................................. .................................. ......................13,102 .................................. .................................. .................................. ......................13,102 .................................. ......................13,102<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 1085 -.............................................................. ........................5,238 .................................. .................................. ........................5,238 .................................. .................................. .................................. ........................5,238 .................................. ........................5,238<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 1113 -.............................................................. ........................7,864 .................................. .................................. ........................7,864 .................................. .................................. .................................. ........................7,864 .................................. ........................7,864<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 1145 -.............................................................. ......................29,255 ...........................258 .................................. ......................29,513 .................................. .................................. .................................. ......................29,513 .................................. ......................29,513<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 15 -.................................................................. ......................53,549 ...........................484 .................................. ......................54,033 .................................. .................................. .................................. ......................54,034 .................................. ......................54,033<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 212 -................................................................ ......................26,204 .................................. .................................. ......................26,204 .................................. .................................. .................................. ......................26,204 .................................. ......................26,204<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 225 -................................................................ ........................9,176 .................................. .................................. ........................9,176 .................................. .................................. .................................. ........................9,176 .................................. ........................9,176<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 256 -................................................................ ......................73,148 ...........................646 .................................. ......................73,794 .................................. .................................. .................................. ......................73,794 .................................. ......................73,794
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 4<br />
Reinsurance Ceded To Unauthorized Companies<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Paid and Funds Deposited Sum of Cols.<br />
NAIC Federal Reserve Unpaid Losses Total by and Withheld Miscellaneous 9 + 10 + 11 + 12<br />
<strong>Company</strong> ID Effective Credit Recoverable Other (Cols. Letters of Trust from Balances + 13 But Not in<br />
Code Number Date Name of Reinsurer Taken (Debit) Debits 5 + 6 + 7) Credit Agreements Reinsurers Other (Credit) Excess of Col. 8<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 370 -................................................................ ........................6,551 .................................. .................................. ........................6,551 .................................. .................................. .................................. ........................6,551 .................................. ........................6,551<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 404 -................................................................ ........................6,551 .................................. .................................. ........................6,551 .................................. .................................. .................................. ........................6,551 .................................. ........................6,551<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 512 - RJ JESSEL & OTHERS........................ ......................51,202 ...........................452 .................................. ......................51,654 .................................. .................................. .................................. ......................51,654 .................................. ......................51,654<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 56 -.................................................................. ......................15,939 ...........................129 .................................. ......................16,068 .................................. .................................. .................................. ......................16,068 .................................. ......................16,068<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 636 - JDP BARNES........................................ ......................22,982 ...........................226 .................................. ......................23,208 .................................. .................................. .................................. ......................23,208 .................................. ......................23,208<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 782 - JSC FLINN............................................ ......................21,948 ...........................194 .................................. ......................22,142 .................................. .................................. .................................. ......................22,142 .................................. ......................22,142<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 942 -................................................................ ........................6,551 .................................. .................................. ........................6,551 .................................. .................................. .................................. ........................6,551 .................................. ........................6,551<br />
00000.............. AA-1122000.... ..01/01/1995 SYN. 97 -.................................................................. ......................36,574 ...........................323 .................................. ......................36,897 .................................. .................................. .................................. ......................36,897 .................................. ......................36,897<br />
0599999. Total - General Account-A&H - Non-Affiliates........................................................... ............225,199,845 ..............19,147,612 ....................279,389 ............244,626,846 .................9,568,898 ..............10,000,000 ............213,914,347 ..............10,955,020 .................3,365,385 ............244,626,845<br />
0699999. Total - General Account - Accident and Health........................................................ ............930,721,132 ..............39,180,536 ....................(39,628) ............969,862,040 ..............95,868,898 ..............10,000,000 ............851,898,009 ..............10,955,020 .................4,414,929 ............969,862,039<br />
0799999. Total - General Account - <strong>Life</strong>, Annuity and Accident and Health............................ .........7,957,098,302 ..............73,640,498 ............117,826,671 .........8,148,565,471 .........1,714,193,460 .........4,579,265,973 .........2,146,259,822 ..............14,000,588 ..............37,973,503 .........8,147,021,686<br />
1199999. Total (General Account and Separate Accounts Combined)................................... .........7,957,098,302 ..............73,640,498 ............117,826,671 .........8,148,565,471 .........1,714,193,460 .........4,579,265,973 .........2,146,259,822 ..............14,000,588 ..............37,973,503 .........8,147,021,686<br />
45.2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 5<br />
Five-Year Exhibit of Reinsurance Ceded Business<br />
(000 Omitted)<br />
1 2 3 4 5<br />
2008 2007 2006 2005 2004<br />
A. OPERATIONS ITEMS<br />
1. Premiums and annuity considerations for life and accident and health<br />
contracts...................................................................................................................... ..............3,149,072 ..............2,676,196 ..............2,313,176 ..............2,019,566 ..............1,943,217<br />
2. Commissions and reinsurance expense allowances.................................................. .................399,071 .................410,087 .................313,520 .................314,017 .................340,180<br />
3. Contract claims........................................................................................................... ..............2,266,686 ..............1,843,124 ..............1,802,333 ..............1,434,359 ..............1,540,669<br />
4. Surrender benefits and withdrawals for life contracts................................................. .................284,597 .....................9,382 ...................28,628 ...................23,991 ...................28,815<br />
5. Dividends to policyholders.......................................................................................... ..........................29 ..........................32 ..........................40 ..........................69 ..........................82<br />
6. Reserve adjustments on reinsurance ceded............................................................... ................(197,938) ................(455,984) ................(529,416) ..................(71,217) ................(231,456)<br />
7. Increase in aggregate reserves for life and accident and health contracts................. ..............1,738,144 .................523,153 .................831,677 .................292,210 .................417,816<br />
B. BALANCE SHEET ITEMS<br />
8. Premiums and annuity considerations for life and accident and health<br />
contracts deferred and uncollected............................................................................. .................460,761 .................693,293 .................379,785 .................356,454 .................332,020<br />
9. Aggregate reserves for life and accident and health contracts................................... ............12,325,156 ............10,589,318 ..............9,316,457 ..............7,894,271 ..............7,622,690<br />
10. Liability for deposit-type contracts............................................................................... .....................2,307 ............................2 ........................285 ........................285 ........................938<br />
11. Contract claims unpaid................................................................................................ .................714,274 .................764,109 .................762,210 .................725,524 .................915,175<br />
12. Amounts recoverable on reinsurance......................................................................... .................162,258 .................151,347 .................181,628 .................157,421 .................157,912<br />
13. Experience rating refunds due or unpaid.................................................................... ...................54,867 ...................49,472 ...................54,044 ...................53,516 ...................28,450<br />
14. Policyholders' dividends (not included in Line 10)....................................................... ............................... ............................... ............................... ............................... ...............................<br />
15. Commissions and reinsurance expense allowances unpaid....................................... ...................80,821 ...................36,315 ...................35,209 ...................35,209 ...................46,275<br />
16. Unauthorized reinsurance offset................................................................................. .....................1,544 ...................21,419 ...................19,005 ...................19,005 ...................36,723<br />
C. UNAUTHORIZED REINSURANCE<br />
(DEPOSITS BY AND FUNDS WITHHELD FROM)<br />
17. Funds deposited by and withheld from (F).................................................................. ..............2,146,260 ..............1,789,700 ..............1,729,028 ..............1,729,028 ..............1,608,569<br />
18. Letters of credit (L)...................................................................................................... ..............1,714,193 ..............1,428,208 .................746,592 .................746,142 .................566,301<br />
19. Trust agreements (T).................................................................................................. ..............4,579,266 ..............3,512,407 ..............2,684,782 ..............1,880,379 ..............2,104,184<br />
20. Other (O)..................................................................................................................... ...................14,001 ........................361 ...................15,579 ...................15,579 ........................361<br />
46
Annual Statement for the year 2008 of the<br />
ASSETS (Page 2, Col. 3)<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE S - PART 6<br />
Restatement of Balance Sheet to Identify Net Credit for Ceded Reinsurance<br />
1 2 3<br />
As Reported Restatement Restated<br />
(Net of Ceded) Adjustments (Gross of Ceded)<br />
1. Cash and invested assets (Line 10)........................................................................................... ........................61,165,593,585 .................................................. ........................61,165,593,585<br />
2. Reinsurance (Line 14)................................................................................................................ .............................657,142,052 ............................(657,142,053) ..............................................(1)<br />
3. Premiums and considerations (Line 13).................................................................................... .............................169,538,205 .............................460,760,515 .............................630,298,720<br />
4. Net credit for ceded reinsurance................................................................................................ ...................XXX........................ ........................11,124,277,861 ........................11,124,277,861<br />
5. All other admitted assets (balance)............................................................................................ ..........................2,297,459,226 .................................................. ..........................2,297,459,226<br />
6. Total assets excluding Separate Accounts (Line 24)................................................................. ........................64,289,733,068 ........................10,927,896,323 ........................75,217,629,391<br />
7. Separate Account Assets (Line 25)........................................................................................... ........................55,560,083,689 .................................................. ........................55,560,083,689<br />
8. Total assets (Line 26)................................................................................................................ ......................119,849,816,757 ........................10,927,896,323 ......................130,777,713,080<br />
LIABILITIES, CAPITAL AND SURPLUS (Page 3)<br />
9. Contract reserves (Lines 1 and 2).............................................................................................. ........................55,534,468,736 ........................12,325,156,243 ........................67,859,624,979<br />
10. Liability for deposit-type contracts (Line 3)................................................................................ ..........................1,213,055,159 .................................2,307,272 ..........................1,215,362,431<br />
11. Claim reserves (Line 4).............................................................................................................. .............................405,330,364 .............................714,273,800 ..........................1,119,604,164<br />
12. Policyholder dividends/reserves (Lines 5 through 7)................................................................. ...............................61,857,436 .................................................. ...............................61,857,436<br />
13. Premium & annuity considerations received in advance (Line 8).............................................. ...............................15,442,970 .................................1,816,526 ...............................17,259,496<br />
14. Other contract liabilities (Line 9)................................................................................................ .............................152,200,164 ..............................(49,127,394) .............................103,072,770<br />
15. Reinsurance in unauthorized companies (Line 24.2)................................................................. .................................1,543,785 ................................(1,543,785) ...............................................0<br />
16. Funds held under reinsurance treaties with unauthorized reinsurers (Line 24.3)...................... ..........................2,146,259,821 .........................(2,146,259,821) ...............................................0<br />
17. All other liabilities (balance)....................................................................................................... .............................222,315,280 ...............................81,273,482 .............................303,588,762<br />
18. Total liabilities excluding Separate Accounts (Line 26).............................................................. ........................59,752,473,715 ........................10,927,896,323 ........................70,680,370,037<br />
19. Separate Account liabilities (Line 27)......................................................................................... ........................55,511,907,857 .................................................. ........................55,511,907,857<br />
20. Total liabilities (Line 28)............................................................................................................. ......................115,264,381,572 ........................10,927,896,323 ......................126,192,277,894<br />
21. Capital & surplus (Line 38)......................................................................................................... ..........................4,585,435,185 ...................XXX........................ ..........................4,585,435,185<br />
22. Total liabilities, capital & surplus (Line 39)................................................................................. ......................119,849,816,757 ........................10,927,896,323 ......................130,777,713,079<br />
NET CREDIT FOR CEDED REINSURANCE<br />
23. Contract reserves....................................................................................................................... ........................12,325,156,243<br />
24. Claim reserves........................................................................................................................... .............................714,273,800<br />
25. Policyholder dividends/reserves................................................................................................ ...............................................0<br />
26. Premium & annuity considerations received in advance........................................................... .................................1,816,526<br />
27. Liability for deposit-type contracts.............................................................................................. .................................2,307,272<br />
28. Other contract liabilities.............................................................................................................. ..............................(49,127,394)<br />
29. Reinsurance ceded assets......................................................................................................... .............................657,142,053<br />
30. Other ceded reinsurance recoverables...................................................................................... ...............................................0<br />
31. Total ceded reinsurance recoverables....................................................................................... ........................13,651,568,500<br />
32. Premiums and considerations.................................................................................................... .............................460,760,515<br />
33. Reinsurance in unauthorized companies................................................................................... .................................1,543,785<br />
34. Funds held under reinsurance treaties with unauthorized reinsurers........................................ ..........................2,146,259,821<br />
35. Other ceded reinsurance payables/offsets................................................................................ ..............................(81,273,482)<br />
36. Total ceded reinsurance payables/offsets................................................................................. ..........................2,527,290,639<br />
37. Total net credit for ceded reinsurance....................................................................................... ........................11,124,277,861<br />
47
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE T - PREMIUMS AND ANNUITY CONSIDERATIONS<br />
Allocated by States and Territories<br />
1 Direct Business Only<br />
<strong>Life</strong> Contracts 4 5 6 7<br />
2 3 Accident and Health<br />
<strong>Insurance</strong> Premiums,<br />
Total<br />
Active <strong>Life</strong> <strong>Insurance</strong> Annuity Including Policy, Mem- Other Columns Deposit-Type<br />
States, Etc. Status Premiums Considerations bership and Other Fees Considerations 2 through 5 Contracts<br />
1. Alabama................................................................................AL ....L........... ........47,538,234 ......250,832,208 .....................7,574,098 ....................... ........305,944,540 .......................<br />
2. Alaska...................................................................................AK ....L........... ..........4,878,138 ........35,363,228 .....................2,546,224 ....................... ..........42,787,590 .......................<br />
3. Arizona.................................................................................AZ ....L........... ........53,723,948 ......272,890,496 ...................20,440,262 ....................... ........347,054,706 .......................<br />
4. Arkansas..............................................................................AR ....L........... ........31,830,542 ........95,143,997 ...................10,235,004 ....................... ........137,209,543 .......................<br />
5. California..............................................................................CA ....L........... ......550,013,789 ...1,637,655,936 .................101,555,966 ....................... .....2,289,225,691 .......................<br />
6. Colorado..............................................................................CO ....L........... ........60,062,361 ......289,001,200 ...................19,855,055 ....................... ........368,918,616 .......................<br />
7. Connecticut..........................................................................CT ....L........... ........98,512,089 ......245,781,640 .....................8,004,710 ....................... ........352,298,439 .......................<br />
8. Delaware..............................................................................DE ....L........... ......101,398,369 ......466,025,582 .....................1,565,300 ....................... ........568,989,251 .......................<br />
9. District of Columbia..............................................................DC ....L........... ........32,701,631 ........51,406,630 .....................4,143,275 ....................... ..........88,251,536 .......................<br />
10. Florida...................................................................................FL ....L........... ......348,373,136 ...1,099,488,027 .................114,809,592 ....................... .....1,562,670,755 .......................<br />
11. Georgia................................................................................GA ....L........... ......110,535,018 ......359,385,704 ...................32,442,475 ....................... ........502,363,197 .......................<br />
12. Hawaii....................................................................................HI ....L........... ........14,663,898 ........59,466,573 ........................601,320 ....................... ..........74,731,791 .......................<br />
13. Idaho......................................................................................ID ....L........... ..........7,646,367 ........41,712,893 .....................1,602,439 ....................... ..........50,961,699 .......................<br />
14. Illinois.....................................................................................IL ....L........... ......242,797,645 ......458,048,096 ...................53,318,209 ....................... ........754,163,950 .......................<br />
15. Indiana...................................................................................IN ....L........... ........81,769,463 ......612,529,735 ...................40,406,997 ....................... ........734,706,195 .......................<br />
16. Iowa.......................................................................................IA ....L........... ........38,696,127 ......124,625,281 ...................10,257,457 ....................... ........173,578,865 .......................<br />
17. Kansas.................................................................................KS ....L........... ........30,847,846 ......123,597,118 .....................5,752,610 ....................... ........160,197,574 .......................<br />
18. Kentucky...............................................................................KY ....L........... ........53,772,796 ......192,314,089 ...................11,931,948 ....................... ........258,018,833 .......................<br />
19. Louisiana..............................................................................LA ....L........... ........49,989,823 ......203,086,506 ...................14,075,968 ....................... ........267,152,297 .......................<br />
20. Maine...................................................................................ME ....L........... ........12,955,836 ........92,248,482 .....................5,419,789 ....................... ........110,624,107 .......................<br />
21. Maryland..............................................................................MD ....L........... ......111,257,514 ......446,162,898 ...................26,879,252 ....................... ........584,299,664 .......................<br />
22. Massachusetts.....................................................................MA ....L........... ......118,749,031 ......336,806,506 ...................26,379,002 ....................... ........481,934,539 .......................<br />
23. Michigan................................................................................MI ....L........... ......149,844,569 ......485,223,372 ...................45,639,201 ....................... ........680,707,142 .......................<br />
24. Minnesota............................................................................MN ....L........... ......178,292,673 ......219,901,308 ...................25,480,228 ....................... ........423,674,209 .......................<br />
25. Mississippi...........................................................................MS ....L........... ........30,427,512 ........89,428,411 .....................8,216,689 ....................... ........128,072,612 .......................<br />
26. Missouri...............................................................................MO ....L........... ........75,995,579 ......292,584,013 ...................18,375,843 ....................... ........386,955,435 .......................<br />
27. Montana...............................................................................MT ....L........... ..........4,077,162 ........28,941,395 .....................2,289,580 ....................... ..........35,308,137 .......................<br />
28. Nebraska..............................................................................NE ....L........... ........35,551,510 ........88,655,368 ...................13,536,231 ....................... ........137,743,109 .......................<br />
29. Nevada.................................................................................NV ....L........... ........39,445,182 ........58,845,233 .....................5,143,641 ....................... ........103,434,056 .......................<br />
30. New Hampshire...................................................................NH ....L........... ........22,678,117 ........73,936,508 .....................3,665,077 ....................... ........100,279,702 .......................<br />
31. New Jersey...........................................................................NJ ....L........... ......194,284,218 ......398,312,474 ...................14,951,256 ....................... ........607,547,948 .......................<br />
32. New Mexico.........................................................................NM ....L........... ........12,205,250 ........74,185,756 .....................2,984,901 ....................... ..........89,375,907 .......................<br />
33. New York..............................................................................NY ....N........... ........96,912,472 ........36,780,800 ........................676,770 ....................... ........134,370,042 .......................<br />
34. North Carolina......................................................................NC ....L........... ......199,943,070 ......594,238,637 ...................64,073,351 ....................... ........858,255,058 .......................<br />
35. North Dakota........................................................................ND ....L........... ..........7,464,543 ........15,504,353 .....................7,091,841 ....................... ..........30,060,737 .......................<br />
36. Ohio.....................................................................................OH ....L........... ......190,913,915 ......711,993,570 ...................46,355,227 ....................... ........949,262,712 .......................<br />
37. Oklahoma.............................................................................OK ....L........... ........48,615,985 ........95,156,219 .....................6,197,894 ....................... ........149,970,098 .......................<br />
38. Oregon.................................................................................OR ....L........... ........38,186,408 ......136,759,230 ...................16,624,841 ....................... ........191,570,479 .......................<br />
39. Pennsylvania........................................................................PA ....L........... ......202,801,374 ......746,832,138 ...................38,984,318 ....................... ........988,617,830 .......................<br />
40. Rhode Island.........................................................................RI ....L........... ........12,972,704 ........69,016,540 .....................1,795,891 ....................... ..........83,785,135 .......................<br />
41. South Carolina.....................................................................SC ....L........... ........72,082,744 ......303,282,853 ...................20,689,205 ....................... ........396,054,802 .......................<br />
42. South Dakota.......................................................................SD ....L........... ........18,785,764 ........22,690,087 .....................1,019,938 ....................... ..........42,495,789 .......................<br />
43. Tennessee............................................................................TN ....L........... ......121,915,224 ......286,522,056 ...................23,839,638 ....................... ........432,276,918 .......................<br />
44. Texas....................................................................................TX ....L........... ......302,109,286 ......882,364,638 ...................85,174,236 ....................... .....1,269,648,160 .......................<br />
45. Utah......................................................................................UT ....L........... ........45,539,704 ........89,117,222 .....................8,569,827 ....................... ........143,226,753 .......................<br />
46. Vermont................................................................................VT ....L........... ..........5,161,227 ........34,254,552 .....................1,679,611 ....................... ..........41,095,390 .......................<br />
47. Virginia.................................................................................VA ....L........... ......114,397,814 ......449,847,387 ...................24,081,692 ....................... ........588,326,893 .......................<br />
48. Washington.........................................................................WA ....L........... ........47,652,429 ......188,113,508 ...................24,472,855 ....................... ........260,238,792 .......................<br />
49. West Virginia.......................................................................WV ....L........... ........12,970,242 ........70,598,807 .....................1,430,988 ....................... ..........85,000,037 .......................<br />
50. Wisconsin.............................................................................WI ....L........... ........57,916,628 ......334,694,594 ...................24,860,402 ....................... ........417,471,624 .......................<br />
51. Wyoming.............................................................................WY ....L........... ..........6,074,396 ........26,612,204 .....................2,240,349 ....................... ..........34,926,949 .......................<br />
52. American Samoa..................................................................AS ....N........... ........................... ........................... ...................................... ....................... ..........................0 .......................<br />
53. Guam...................................................................................GU ....L........... ..........3,194,148 ...............50,996 ........................142,181 ....................... ............3,387,325 .......................<br />
54. Puerto Rico..........................................................................PR ....L........... ........19,964,404 ..........5,990,428 ........................774,937 ....................... ..........26,729,769 .......................<br />
55. US Virgin Islands...................................................................VI ....L........... .............901,221 ...............12,388 ..........................12,327 ....................... ...............925,936 .......................<br />
56. Northern Mariana Islands....................................................MP ....L........... .............130,633 ........................... .................................86 ....................... ...............130,719 .......................<br />
57. Canada................................................................................CN ....N........... .............769,359 ...............36,664 ..........................19,793 ....................... ...............825,816 .......................<br />
58. Aggregate Other Alien..........................................................OT ....XXX...... ........10,084,985 ...............38,025 ..........................49,480 ....................0 ..........10,172,490 ....................0<br />
59. Subtotal..................................................................................... (a)........54 ...4,582,976,052 .14,404,094,559 ..............1,060,937,277 ....................0 ...20,048,007,888 ....................0<br />
90. Reporting entity contributions for employee benefit plans........ ....XXX...... .................5,483 ........................... ..........................10,790 ....................... .................16,273 .......................<br />
91. Dividends or refunds applied to purchase paid-up<br />
additions and annuities............................................................. ....XXX...... ..........9,606,410 ...............26,926 .....................1,755,486 ....................... ..........11,388,822 .......................<br />
92. Dividends or refunds applied to shorten endowment or<br />
premium paying period.............................................................. ....XXX...... ..........9,358,441 ........................... ...................................... ....................... ............9,358,441 .......................<br />
93. Premium or annuity considerations waived under<br />
disability or other contract provisions........................................ ....XXX...... ..........5,843,342 .................1,628 .....................1,379,117 ....................... ............7,224,087 .......................<br />
94. Aggregate other amounts not allocable by State...................... ....XXX...... ..........7,607,660 ...............18,331 ............................4,405 ....................0 ............7,630,396 ....................0<br />
95. Totals (Direct Business)............................................................ ....XXX...... ...4,615,397,388 .14,404,141,444 ..............1,064,087,075 ....................0 ...20,083,625,907 ....................0<br />
96. Plus reinsurance assumed........................................................ ....XXX...... ...1,443,754,507 ..........2,360,150 ...................35,938,912 ....................... .....1,482,053,569 .......................<br />
97. Totals (All Business)................................................................. ....XXX...... ...6,059,151,895 .14,406,501,594 ..............1,100,025,987 ....................0 ...21,565,679,476 ....................0<br />
98. Less reinsurance ceded............................................................ ....XXX...... ...3,160,668,477 ......252,585,218 ...................82,798,308 ....................... .....3,496,052,003 .......................<br />
99. Totals (All Business) less reinsurance ceded........................... ....XXX...... ...2,898,483,418 .14,153,916,376 (b).........1,017,227,679 ....................0 ...18,069,627,473 ....................0<br />
DETAILS OF WRITE-INS<br />
5801. Other foreign............................................................................. ....XXX...... ........10,084,985 ...............38,025 ..........................49,480 ....................... ..........10,172,490 .......................<br />
5802. .................................................................................................. ....XXX...... ........................... ........................... ...................................... ....................... ..........................0 .......................<br />
5803. .................................................................................................. ....XXX...... ........................... ........................... ...................................... ....................... ..........................0 .......................<br />
5898. Summ. of remaining write-ins for line 58 from overflow page... ....XXX...... ........................0 ........................0 ...................................0 ....................0 ..........................0 ....................0<br />
5899. Total (Lines 5801 thru 5803 plus 5898) (Line 58 above).......... ....XXX...... ........10,084,985 ...............38,025 ..........................49,480 ....................0 ..........10,172,490 ....................0<br />
9401. Federal areas............................................................................ ....XXX...... ..........4,863,779 ...............18,331 ............................4,405 ....................... ............4,886,515 .......................<br />
9402. Exchange premium................................................................... ....XXX...... ..........2,743,881 ........................... ...................................... ....................... ............2,743,881 .......................<br />
9403. .................................................................................................. ....XXX...... ........................... ........................... ...................................... ....................... ..........................0 .......................<br />
9498. Summ. of remaining write-ins for line 94 from overflow page... ....XXX...... ........................0 ........................0 ...................................0 ....................0 ..........................0 ....................0<br />
9499. Total (Lines 9401 thru 9403 plus 9498) (Line 94 above).......... ....XXX...... ..........7,607,660 ...............18,331 ............................4,405 ....................0 ............7,630,396 ....................0<br />
Explanation of basis of allocation by states, etc., of premiums and annuity considerations.<br />
Ordinary <strong>Life</strong> and Annuities are allocated according to the address to which the premium notices were sent.<br />
Group premiums are allocated based on the state in which the group policy was issued.<br />
(a) Insert the number of "L" responses except for Canada and Other Alien.<br />
(b) Column 4 should balance with Exhibit 1, Lines 6.4, 10.4 and 16.4, Cols. 8, 9, and 10, or with Schedule H, Part 1, Column, Line 1. Indicate which:<br />
48
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE T - PART 2<br />
INTERSTATE COMPACT - EXHIBIT OF PREMIUMS WRITTEN<br />
Allocated by States and Territories<br />
Direct Business Only<br />
1 2 3 4 5 6<br />
<strong>Life</strong> Annuities Disability Income Long-Term Care<br />
(Group and (Group and (Group and (Group and Deposit-Type<br />
States, Etc. Individual) Individual) Individual) Individual) Contracts Totals<br />
1. Alabama.........................................................................................AL ..........47,538,234 ........250,832,208 ............6,578,185 .................78,013 .............................. ........305,026,640<br />
2. Alaska.............................................................................................AK ............4,878,138 ..........35,363,228 ............2,160,967 ...................2,523 .............................. ..........42,404,856<br />
3. Arizona...........................................................................................AZ ..........53,723,948 ........272,890,496 ..........12,331,462 .................62,939 .............................. ........339,008,845<br />
4. Arkansas........................................................................................AR ..........31,830,542 ..........95,143,997 ............8,159,104 .................11,417 .............................. ........135,145,060<br />
5. California........................................................................................CA ........550,013,789 .....1,637,655,936 ..........47,246,684 ...............327,001 .............................. .....2,235,243,410<br />
6. Colorado........................................................................................CO ..........60,062,361 ........289,001,200 ..........14,372,347 ...............149,007 .............................. ........363,584,915<br />
7. Connecticut....................................................................................CT ..........98,512,089 ........245,781,640 ............5,686,709 ...............151,211 .............................. ........350,131,649<br />
8. Delaware........................................................................................DE ........101,398,369 ........466,025,582 ............1,075,310 .................25,960 .............................. ........568,525,221<br />
9. District of Columbia.......................................................................DC ..........32,701,631 ..........51,406,630 ............2,645,358 .............................. .............................. ..........86,753,619<br />
10. Florida.............................................................................................FL ........348,373,136 .....1,099,488,027 ..........88,375,838 ...............333,867 .............................. .....1,536,570,868<br />
11. Georgia..........................................................................................GA ........110,535,018 ........359,385,704 ..........23,048,581 ...............165,467 .............................. ........493,134,770<br />
12. Hawaii..............................................................................................HI ..........14,663,898 ..........59,466,573 ...............352,897 .................47,452 .............................. ..........74,530,820<br />
13. Idaho................................................................................................ID ............7,646,367 ..........41,712,893 ...............938,541 .................12,720 .............................. ..........50,310,521<br />
14. Illinois...............................................................................................IL ........242,797,645 ........458,048,096 ..........31,246,207 ...............316,782 .............................. ........732,408,730<br />
15. Indiana.............................................................................................IN ..........81,769,463 ........612,529,735 ..........28,262,663 ...............485,488 .............................. ........723,047,349<br />
16. Iowa.................................................................................................IA ..........38,696,127 ........124,625,281 ............4,740,599 ...............106,450 .............................. ........168,168,457<br />
17. Kansas...........................................................................................KS ..........30,847,846 ........123,597,118 ............3,586,694 .................87,468 .............................. ........158,119,126<br />
18. Kentucky.........................................................................................KY ..........53,772,796 ........192,314,089 ..........10,120,732 .................47,032 .............................. ........256,254,649<br />
19. Louisiana........................................................................................LA ..........49,989,823 ........203,086,506 ............9,802,315 ...............130,746 .............................. ........263,009,390<br />
20. Maine.............................................................................................ME ..........12,955,836 ..........92,248,482 ............3,798,824 .................12,784 .............................. ........109,015,926<br />
21. Maryland........................................................................................MD ........111,257,514 ........446,162,898 ..........20,623,189 ...............487,387 .............................. ........578,530,988<br />
22. Massachusetts...............................................................................MA ........118,749,031 ........336,806,506 ..........22,091,178 .................79,408 .............................. ........477,726,123<br />
23. Michigan..........................................................................................MI ........149,844,569 ........485,223,372 ..........33,393,944 ...............196,305 .............................. ........668,658,190<br />
24. Minnesota......................................................................................MN ........178,292,673 ........219,901,308 ..........18,861,963 .................13,857 .............................. ........417,069,801<br />
25. Mississippi.....................................................................................MS ..........30,427,512 ..........89,428,411 ............4,773,230 .................30,419 .............................. ........124,659,572<br />
26. Missouri.........................................................................................MO ..........75,995,579 ........292,584,013 ..........11,407,645 ...............198,030 .............................. ........380,185,267<br />
27. Montana.........................................................................................MT ............4,077,162 ..........28,941,395 ............1,087,550 ...................5,078 .............................. ..........34,111,185<br />
28. Nebraska........................................................................................NE ..........35,551,510 ..........88,655,368 ............8,246,346 ...............130,859 .............................. ........132,584,083<br />
29. Nevada...........................................................................................NV ..........39,445,182 ..........58,845,233 ............1,252,104 ...................8,274 .............................. ..........99,550,793<br />
30. New Hampshire.............................................................................NH ..........22,678,117 ..........73,936,508 ............2,547,443 ...................5,346 .............................. ..........99,167,414<br />
31. New Jersey.....................................................................................NJ ........194,284,218 ........398,312,474 ..........11,179,136 ...............109,717 .............................. ........603,885,545<br />
32. New Mexico...................................................................................NM ..........12,205,250 ..........74,185,756 ............2,172,651 .................80,928 .............................. ..........88,644,585<br />
33. New York.......................................................................................NY ..........96,912,472 ..........36,780,800 ...............641,736 .................16,402 .............................. ........134,351,410<br />
34. North Carolina...............................................................................NC ........199,943,070 ........594,238,637 ..........27,746,142 .................82,693 .............................. ........822,010,542<br />
35. North Dakota..................................................................................ND ............7,464,543 ..........15,504,353 ............5,486,185 ...................3,504 .............................. ..........28,458,585<br />
36. Ohio...............................................................................................OH ........190,913,915 ........711,993,570 ..........30,359,365 ...............539,380 .............................. ........933,806,230<br />
37. Oklahoma......................................................................................OK ..........48,615,985 ..........95,156,219 ............3,275,310 .................31,830 .............................. ........147,079,344<br />
38. Oregon...........................................................................................OR ..........38,186,408 ........136,759,230 ............9,334,558 .................88,612 .............................. ........184,368,808<br />
39. Pennsylvania..................................................................................PA ........202,801,374 ........746,832,138 ..........31,743,925 ...............364,245 .............................. ........981,741,682<br />
40. Rhode Island...................................................................................RI ..........12,972,704 ..........69,016,540 ............1,612,595 ...................5,092 .............................. ..........83,606,931<br />
41. South Carolina...............................................................................SC ..........72,082,744 ........303,282,853 ..........11,398,561 .................54,957 .............................. ........386,819,115<br />
42. South Dakota.................................................................................SD ..........18,785,764 ..........22,690,087 ...............893,059 ...................6,658 .............................. ..........42,375,568<br />
43. Tennessee.....................................................................................TN ........121,915,224 ........286,522,056 ..........18,542,381 ...............124,497 .............................. ........427,104,158<br />
44. Texas..............................................................................................TX ........302,109,286 ........882,364,638 ..........58,379,054 ...............247,057 .............................. .....1,243,100,035<br />
45. Utah................................................................................................UT ..........45,539,704 ..........89,117,222 ............6,394,988 .................22,793 .............................. ........141,074,707<br />
46. Vermont..........................................................................................VT ............5,161,227 ..........34,254,552 ............1,481,361 ...................2,478 .............................. ..........40,899,618<br />
47. Virginia...........................................................................................VA ........114,397,814 ........449,847,387 ..........16,682,157 ...............219,386 .............................. ........581,146,744<br />
48. Washington...................................................................................WA ..........47,652,429 ........188,113,508 ..........16,866,644 .................71,296 .............................. ........252,703,877<br />
49. West Virginia.................................................................................WV ..........12,970,242 ..........70,598,807 ............1,249,448 .................38,149 .............................. ..........84,856,646<br />
50. Wisconsin.......................................................................................WI ..........57,916,628 ........334,694,594 ..........14,527,860 ...............123,613 .............................. ........407,262,695<br />
51. Wyoming.......................................................................................WY ............6,074,396 ..........26,612,204 ............2,009,597 .................43,203 .............................. ..........34,739,400<br />
52. American Samoa...........................................................................AS .............................. .............................. .............................. .............................. .............................. ..........................0<br />
53. Guam.............................................................................................GU ............3,194,148 .................50,996 ...............142,181 .............................. .............................. ............3,387,325<br />
54. Puerto Rico....................................................................................PR ..........19,964,404 ............5,990,428 ...............837,487 .............................. .............................. ..........26,792,319<br />
55. US Virgin Islands.............................................................................VI ...............901,221 .................12,388 .................13,050 .............................. .............................. ...............926,659<br />
56. Northern Mariana Islands..............................................................MP ...............130,633 .............................. .............................. .............................. .............................. ...............130,633<br />
57. Canada..........................................................................................CN ...............769,359 .................36,664 .................19,793 .............................. .............................. ...............825,816<br />
58. Aggregate Other Alien...................................................................OT ..........10,084,985 .................38,025 .............................. .............................. .............................. ..........10,123,010<br />
59. Totals................................................................................................... .....4,582,976,052 ...14,404,094,559 ........701,803,833 ............5,985,780 ..........................0 ...19,694,860,224<br />
49
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE Y – INFORMATION CONCERNING ACTIVITIES OF INSURER MEMBERS OF A HOLDING COMPANY GROUP<br />
PART 1 - ORGANIZATIONAL CHART<br />
<strong>Lincoln</strong> <strong>National</strong><br />
Corporation (LNC)<br />
35-1140070<br />
IN<br />
<strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong><br />
<strong>Insurance</strong> Co (LNL)<br />
JP Variable Corp<br />
Hampshire<br />
Funding, Inc<br />
<strong>Lincoln</strong> <strong>National</strong><br />
Investments, Inc<br />
<strong>Lincoln</strong> <strong>National</strong><br />
(UK) PLC<br />
35-0472300<br />
IN 100% 65676<br />
56-0944309<br />
NC 100%<br />
02-0277842<br />
NH 100%<br />
35-1956168<br />
IN 100%<br />
(Great Britian) 100%<br />
<strong>Lincoln</strong> Variable Ins.<br />
Products Trust<br />
<strong>Lincoln</strong> Retirement<br />
Services Co, LLC<br />
Westfield Assigned<br />
Benefits Co<br />
<strong>Lincoln</strong> Investment<br />
Advisors Corp<br />
JP Investments,<br />
Inc<br />
<strong>Lincoln</strong> <strong>National</strong><br />
Investment Co, Inc<br />
<strong>Lincoln</strong> Assurance<br />
Ltd<br />
<strong>Lincoln</strong> <strong>Financial</strong><br />
Group PLC<br />
C ity F inancial<br />
Partners, Ltd<br />
DE 100%<br />
35-2134263<br />
IN 100%<br />
34-1849355<br />
OH 100%<br />
62-1230009<br />
TN 100%<br />
56-0931213<br />
NC 100%<br />
35-2004374<br />
IN 100%<br />
(Great Britian) 100%<br />
(Great Britian) 100%<br />
(Great Britian) 100%<br />
LFA, LLC<br />
LNC Administrative<br />
Services Corp<br />
<strong>Lincoln</strong> Reinsurance Co.<br />
of South Carolina II<br />
<strong>Lincoln</strong> <strong>Financial</strong><br />
Securities Corporation<br />
<strong>Lincoln</strong> <strong>Life</strong> Improved<br />
Housing, Inc<br />
Delaware Management<br />
Holdings, Inc<br />
35-2111013<br />
IN 100%<br />
35-1844946<br />
IN 100%<br />
26-3048688<br />
SC 100%<br />
02-0275490<br />
NH 100%<br />
35-1282844<br />
IN 100%<br />
23-2693133<br />
DE 100%<br />
<strong>Lincoln</strong> Realty<br />
Capital Corp<br />
<strong>Lincoln</strong> Investment<br />
Solutions, Inc<br />
<strong>Lincoln</strong> <strong>National</strong><br />
Management Corp<br />
<strong>Lincoln</strong> <strong>National</strong><br />
Realty Corp<br />
50<br />
35-2085947<br />
IN 100%<br />
20-4073176<br />
DE 100%<br />
35-2062673<br />
PA 100%<br />
35-1610501<br />
IN 100%<br />
<strong>Lincoln</strong> <strong>Financial</strong><br />
Distributors, Inc<br />
LFD <strong>Insurance</strong> Agency<br />
(Delaware), LLC<br />
<strong>Lincoln</strong> Reinsurance<br />
Co of Bermuda, Ltd<br />
TOMCO2 Equipment<br />
<strong>Company</strong><br />
06-0841987<br />
CT 100%<br />
06-1628649<br />
DE 100%<br />
(Bermuda) 100%<br />
56-1096513<br />
GA 29%<br />
Jefferson Standard<br />
<strong>Life</strong> Ins. Co.<br />
<strong>Lincoln</strong> <strong>Life</strong> & Annuity<br />
Co. of New York<br />
<strong>Lincoln</strong> <strong>National</strong> Reins<br />
Co (Barbados), Ltd<br />
First Penn-Pacific<br />
<strong>Life</strong> Ins. Co.<br />
56-1311049<br />
NC 100% 94072<br />
22-0832760<br />
NY 100% 62057<br />
35-1716060<br />
(Barbados) 100%<br />
23-2044248<br />
IN 100% 67652<br />
<strong>Lincoln</strong> <strong>Financial</strong><br />
Advisors Corp<br />
<strong>Lincoln</strong> Reinsurance Co.<br />
of South Carolina<br />
International Home<br />
Furnishing Center, Inc<br />
<strong>Lincoln</strong> <strong>Financial</strong><br />
Media <strong>Company</strong><br />
35-1151034<br />
IN 100%<br />
26-0629864<br />
SC 100% 13028<br />
56-1948821<br />
NC 29%<br />
56-0405830<br />
NC 100%<br />
California Fringe Benefit &<br />
<strong>Insurance</strong> Marketing Corp<br />
<strong>Lincoln</strong> <strong>Financial</strong><br />
Holdings, LLC<br />
35-1644543<br />
CA 100%<br />
20-3657212<br />
DE 100%<br />
LFG South Carolina<br />
Reinsurance Co<br />
20-3743123<br />
SC 100% 12757
51<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE Y<br />
PART 2 - SUMMARY OF INSURER'S TRANSACTIONS WITH ANY AFFILIATES<br />
1 2 3 4 5 6 7 8 9 10 11 12 13<br />
Income/<br />
(Disbursements) Any Other Reinsurance<br />
Purchases, Sales Incurred in Material Activity Recoverable/<br />
or Exchanges of Connection with Management Income/ Not in the (Payable) on<br />
Loans, Securities, Guarantees or Agreements (Disbursements) Ordinary Losses and/or<br />
NAIC Federal Names of Insurers Real Estate, Undertakings and Incurred under Course of the Reserve Credit<br />
<strong>Company</strong> ID and Parent, Subsidiaries Shareholder Capital Mortgage Loans or for the Benefit Service Reinsurance Insurer's Taken/<br />
Code Number or Affiliates Dividends Contributions Other Investments of any Affiliate(s) Contracts Agreements * Business Totals (Liability)<br />
Affiliated Transactions<br />
............................ 02-0277842.............. Hampshire Funding, Inc........................................................... .................(10,200,000) ..................................... .......................792,305 ..................................... ........................(64,052) ................................. ....... ................................... ...................(9,471,747) .....................................<br />
............................ 06-0841987.............. <strong>Lincoln</strong> <strong>Financial</strong> Distributors, Inc............................................ ..................................... ..................................... ..................................... ..................................... ....................1,905,248 ................................. ....... ................................... ....................1,905,248 .....................................<br />
62057.................. 22-0832760.............. <strong>Lincoln</strong> <strong>Life</strong> & Annuity <strong>Company</strong> of New York......................... ..................................... ..................................... ..................................... ..................................... ...............(101,364,439) ...............(6,958,897) ....... ................................... ...............(108,323,336) ..................90,081,623<br />
............................ 20-3657212.............. <strong>Lincoln</strong> <strong>Financial</strong> Holdings, LLC............................................... ..................................... ...................(2,000,000) ....................2,482,274 ..................................... ..................................... ................................. ....... ................................... .......................482,274 .....................................<br />
12757.................. 20-3743123.............. LFG South Carolina Reinsurance <strong>Company</strong>............................ ..................................... ....................2,000,000 ....................4,076,151 ..................................... ..................12,368,290 ..............22,728,730 ....... ................................... ..................41,173,171 ...............(192,408,751)<br />
............................ 20-4073176.............. <strong>Lincoln</strong> Investment Solutions, Inc............................................ ..................................... ..................................... ..................16,623,093 ..................................... ...................(6,162,160) ................................. ....... ................................... ..................10,460,933 .....................................<br />
............................ 62-1230009.............. <strong>Lincoln</strong> Investment Advisors Corporation................................ .................(30,000,000) ..................................... ....................5,630,998 ..................................... ...................(1,058,326) ................................. ....... ................................... .................(25,427,328) .....................................<br />
............................ 35-1844946.............. LNC Administrative Services Corp........................................... ..................................... ..................................... ....................1,807,387 ..................................... ........................(22,107) ................................. ....... ................................... ....................1,785,280 .....................................<br />
13028.................. 26-0629864.............. <strong>Lincoln</strong> Reinsurance Co of South Carolina.............................. ..................................... ..................25,000,000 ................375,618,845 ..................................... .................(12,531,155) ................8,173,420 ....... ................................... ................396,261,110 ...............(348,945,798)<br />
13193.................. 26-3048688.............. <strong>Lincoln</strong> Reinsurance Co of South Carolina II........................... ..................................... .......................275,000 ..................................... ..................................... ..................................... ................................. ....... ................................... .......................275,000 .....................................<br />
67652.................. 23-2044248.............. First Penn-Pacific <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>............................. .................(50,000,000) ..................................... ..................36,190,408 ..................................... .................(60,573,112) ................7,973,510 ....... ................................... .................(66,409,194) ................455,554,608<br />
............................ 23-2693133.............. Delaware Management Holdings, Inc...................................... .................(50,500,000) ..................................... ....................1,306,154 ..................................... .................(39,757,884) ................................. ....... ................................... .................(88,951,730) .....................................<br />
............................ 35-1140070.............. <strong>Lincoln</strong> <strong>National</strong> Corporation.................................................... .............1,237,094,390 ..................................... ............(2,062,023,636) ..................................... ..................80,699,909 ................................. ....... ................................... ...............(744,229,337) .....................................<br />
............................ 35-1151034.............. <strong>Lincoln</strong> <strong>Financial</strong> Advisors Corporation.................................... .................(28,000,000) ..................................... ..................18,496,672 ..................................... ...............(109,779,209) ................................. ....... ................................... ...............(119,282,537) .....................................<br />
............................ 35-1282844.............. <strong>Lincoln</strong> <strong>Life</strong> Improved Housing, Inc.......................................... ..................................... ..................................... ........................(22,033) ..................................... ..................................... ................................. ....... ................................... ........................(22,033) .....................................<br />
65676.................. 35-0472300.............. <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>............................... ...............(359,000,000) .................(43,209,218) .............1,655,631,456 ..................................... ................121,314,479 ...........(208,744,724) ....... ................................... .............1,165,991,993 .............4,036,088,253<br />
............................ 35-1610501.............. <strong>Lincoln</strong> <strong>National</strong> Realty Corporation........................................ ..................................... ..................................... ........................(88,777) ..................................... ..................................... ................................. ....... ................................... ........................(88,777) .....................................<br />
............................ 35-1716060.............. <strong>Lincoln</strong> <strong>National</strong> Reins Co (Barbados) Ltd............................... ..................................... ..................................... ...............(148,459,389) ..................................... ...................(1,819,210) ............176,827,961 ....... ................................... ..................26,549,362 ............(3,658,825,943)<br />
............................ 35-2004374.............. <strong>Lincoln</strong> <strong>National</strong> Investment Companies, Inc........................... ..................................... ..................................... ....................8,922,728 ..................................... ..................................... ................................. ....... ................................... ....................8,922,728 .....................................<br />
............................ 35-2062673.............. <strong>Lincoln</strong> <strong>National</strong> Management Corporation.............................. ..................................... ..................................... ..................39,363,999 ..................................... ..................54,746,387 ................................. ....... ................................... ..................94,110,386 .....................................<br />
............................ 35-2085947.............. <strong>Lincoln</strong> Realty Capital Corporation.......................................... ...................(6,000,000) ..................................... ....................3,311,072 ..................................... ......................(589,121) ................................. ....... ................................... ...................(3,278,049) .....................................<br />
............................ 35-2111013.............. LFA, LLC.................................................................................. ..................................... ..................17,934,218 ..................27,150,661 ..................................... ..................66,243,570 ................................. ....... ................................... ................111,328,449 .....................................<br />
............................ 35-2134263.............. <strong>Lincoln</strong> Retirement Services <strong>Company</strong>, LLC........................... ..................................... ..................................... ..................47,565,329 ..................................... ....................5,126,659 ................................. ....... ................................... ..................52,691,988 .....................................<br />
............................ 36-2773203.............. <strong>Lincoln</strong> <strong>Financial</strong> & <strong>Insurance</strong> Services Corporation............... ..................................... ..................................... ..................................... ..................................... ....................3,705,343 ................................. ....... ................................... ....................3,705,343 .....................................<br />
............................ 35-1644543.............. California Fringe Benefit and Marketing Corporat;ion.............. ..................................... ..................................... ...................(3,597,348) ..................................... ....................5,290,272 ................................. ....... ................................... ....................1,692,924 .....................................<br />
............................ 56-0405830.............. <strong>Lincoln</strong> <strong>Financial</strong> Media <strong>Company</strong>........................................... ...............(658,525,668) ..................................... ....................1,138,935 ..................................... ...................(2,935,238) ................................. ....... ................................... ...............(660,321,971) .....................................<br />
............................ 02-0275490.............. <strong>Lincoln</strong> <strong>Financial</strong> Securities Corporation.................................. .................(14,000,000) ..................................... ..................................... ..................................... .................(14,651,147) ................................. ....... ................................... .................(28,651,147) .....................................<br />
............................ 56-0931213.............. Jefferson-Pilot Investments Inc................................................ ..................................... ..................................... .................(31,917,285) ..................................... ..................................... ................................. ....... ................................... .................(31,917,285) .....................................<br />
94072.................. 56-1311049.............. Jefferson Standard <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>........................... ...................(7,000,000) ..................................... ..................................... ..................................... ........................(92,847) ................................. ....... ................................... ...................(7,092,847) .....................................<br />
............................ 56-0944309.............. Jefferson Pilot Variable Corporation........................................ ..................................... ..................................... ..................................... ..................................... .............................(150) ................................. ....... ................................... .............................(150) .....................................<br />
............................ ................................. <strong>Lincoln</strong> Reinsurance <strong>Company</strong> of Bermuda, Ltd..................... ..................................... ..................................... ..................................... ..................................... ..................................... ................................. ....... ................................... ..................................0 ...............(388,164,660)<br />
............................ ................................. <strong>Lincoln</strong> <strong>National</strong> (UK) PLC....................................................... .................(23,868,722) ..................................... ..................................... ..................................... ..................................... ................................. ....... ................................... .................(23,868,722) .....................................<br />
............................ ................................. <strong>Lincoln</strong> Assurance Ltd.............................................................. ..................................... ..................................... ..................................... ..................................... ..................................... ................................. ....... ................................... ..................................0 ....................6,620,668<br />
9999999. Control Totals.............................................................................................................. ..................................0 ..................................0 .................................(0) ..................................0 ..................................0 ..............................0 XXX ................................0 .................................(0) ..................................0
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES<br />
<strong>The</strong> following supplemental reports are required to be filed as part of your statement filing unless specifically waived by the domiciliary state. However, in the event that your<br />
domiciliary state waives the filing requirement, your response of WAIVED to the specific interrogatory will be accepted in lieu of filing a "NONE" report and a bar code will be printed<br />
below. If the supplement is required of your company but is not being filed for whatever reason enter SEE EXPLANATION and provide an explanation following the interrogatory<br />
questions.<br />
MARCH FILING<br />
Responses<br />
1. Will the Supplemental Compensation Exhibit be filed with the state of domicile by March 1? YES<br />
2. Will the confidential Risk-Based Capital Report be filed with the NAIC by March 1? YES<br />
3. Will the confidential Risk-Based Capital Report be filed with the state of domicile, if required, by March 1? YES<br />
4. Will an actuarial opinion be filed with this statement by March 1? YES<br />
APRIL FILING<br />
5. Will Management's Discussion and Analysis be filed by April 1? YES<br />
6. Will the <strong>Life</strong>, Health & Annuity Guaranty Association Model Act Assessment Base Reconciliation Exhibit be filed with the state<br />
of domicile and the NAIC by April 1?<br />
YES<br />
7. Will the Adjustment Form (if required) be filed with state of domicile and the NAIC by April 1? YES<br />
8. Will the Supplemental Investment Risk Interrogatories be filed by April 1? YES<br />
JUNE FILING<br />
9. Will an audited financial report be filed by June 1? YES<br />
<strong>The</strong> following supplemental reports are required to be filed as part of your statement filing. However, in the event that your company does not transact the type of business for which<br />
the special report must be filed, your response of NO to the specific interrogatory will be accepted in lieu of filing a "NONE" report and a bar code will be printed below. If the<br />
supplement is required of your company but is not being filed for whatever reason, enter SEE EXPLANATION and provide an explanation following the interrogatory questions.<br />
MARCH FILING<br />
10. Will Schedule SIS (Stockholder Information Supplement) be filed with the state of domicile by March 1? NO<br />
11. Will the Medicare Supplement <strong>Insurance</strong> Experience Exhibit be filed with the state of domicile and the NAIC by March 1? NO<br />
12. Will the Trusteed Surplus Statement be filed with the state of domicile and the NAIC by March 1? NO<br />
13. Will the actuarial opinion on participating and non-participating policies as required in Interrogatories 1 and 2 to Exhibit 5 be filed by March 1? YES<br />
14. Will the actuarial opinion on non-guaranteed elements as required in interrogatory #3 to Exhibit 5 be filed by March 1? YES<br />
15. Will the actuarial opinion on X-Factors be filed with the state of domicile and electronically with the NAIC by March 1? Yes<br />
16. Will the actuarial opinion on Separate Accounts Funding Guaranteed Minimum Benefit be filed with the state of domicile and electronicallly with the NAIC by March 1? Yes<br />
17. Will the actuarial opinion on Synthetic Guaranteed Investment Contracts be filed with the state of domicile and electronically with the NAIC by March 1? NO<br />
18. Will the Reasonableness of Assumptions Certification required by Actuarial Guideline XXXV be filed with the state of domicile and electronically with the NAIC<br />
by March 1?<br />
NO<br />
19. Will the Reasonableness and Consistency of Assumptions Certification required by Actuarial Guideline XXXV be filed with the state of domicile and electronically<br />
with the NAIC by March 1?<br />
YES<br />
20. Will the Reasonableness of Assumptions Certification for Implied Guaranteed Rate Method required by Actuarial Guideline XXXVI be filed with the state of domicile<br />
and electronically with the NAIC by March 1?<br />
NO<br />
21. Will the Reasonableness and Consistency of Assumptions Certification required by Actuarial Guideline XXXVI (Updated Average Market Value) be filed with the<br />
state of domicile and electronically with the NAIC by March 1?<br />
NO<br />
22. Will the Reasonableness and Consistency of Assumptions Certification required by Actuarial Guideline XXXVI (Updated Market Value) be filed with the state of<br />
domicile and electronically with the NAIC by March 1?<br />
YES<br />
23. Will the C-3 RBC Certifications required under C-3 Phase I be filed with the state of domicile and electronically with the NAIC by March 1? YES<br />
24. Will the C-3 RBC Certifications required under C-3 Phase II be filed with the state of domicile and electronically with the NAIC by March 1? YES<br />
25. Will the Actuarial Certifications Related to Annuity Nonforfeiture Ongoing Compliance for Equity Indexed Annuities be filed with the state of domicile and<br />
electronically with the NAIC by March 1?<br />
SEE EXPLANATION<br />
26. Will the Workers' Compensation Carve-Out Supplement be filed by March 1? YES<br />
27. Will Supplemental Schedule O be filed with the state of domicile and the NAIC by March 1? YES<br />
28. Will the Medicare Part D Coverage Supplement be filed with the state of domicile and the NAIC by March 1? NO<br />
APRIL FILING<br />
29. Will the Long-Term Care Experience Reporting Forms be filed with the state of domicile and the NAIC by April 1? YES<br />
30. Will the Interest-Sensitive <strong>Life</strong> <strong>Insurance</strong> Products Report Forms be filed with the state of domicile and the NAIC by April 1? YES<br />
31. Will the Credit <strong>Insurance</strong> Experience Exhibit be filed with the state of domicile and the NAIC by April 1? YES<br />
32. Will the Accident and Health Policy Experience Exhibit be filed by April 1? YES<br />
52
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES<br />
<strong>The</strong> following supplemental reports are required to be filed as part of your statement filing unless specifically waived by the domiciliary state. However, in the event that your<br />
domiciliary state waives the filing requirement, your response of WAIVED to the specific interrogatory will be accepted in lieu of filing a "NONE" report and a bar code will be printed<br />
below. If the supplement is required of your company but is not being filed for whatever reason enter SEE EXPLANATION and provide an explanation following the interrogatory<br />
questions.<br />
EXPLANATIONS:<br />
1.<br />
BAR CODE:<br />
2.<br />
3.<br />
4.<br />
5.<br />
6.<br />
7.<br />
8.<br />
9.<br />
10.<br />
11.<br />
12.<br />
13.<br />
*65676200842000000*<br />
*65676200836000000*<br />
*65676200849000000*<br />
14.<br />
15.<br />
16.<br />
17.<br />
18.<br />
19.<br />
20.<br />
21.<br />
22.<br />
*65676200844400000*<br />
*65676200844500000*<br />
*65676200844700000*<br />
*65676200844800000*<br />
23.<br />
24.<br />
25. Not required by State of Domicile<br />
26.<br />
*65676200845200000*<br />
27.<br />
28.<br />
29.<br />
*65676200836500000*<br />
30.<br />
31.<br />
32.<br />
52.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
Overflow Page for Write-Ins<br />
Additional Write-ins for Liabilities:<br />
1 2<br />
Current December 31<br />
Statement Date<br />
Prior Year<br />
2504. Guarantee reserve fund......................................................................................................................................................................... ........................1,757,517 ..........................(193,724)<br />
2505. Retroactive reinsurance recoverable ceded........................................................................................................................................... .....................(81,961,157) .....................(91,902,582)<br />
2597. Summary of remaining write-ins for Line 25........................................................................................................................................... .....................(80,203,641) .....................(92,096,306)<br />
53P
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
Overflow Page for Write-Ins<br />
53L
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SUMMARY INVESTMENT SCHEDULE<br />
Gross<br />
Admitted Assets as Reported<br />
Investment Holdings<br />
in the Annual Statement<br />
1 2 3 4<br />
Investment Categories Amount Percentage Amount Percentage<br />
1. Bonds:<br />
1.1 U.S. treasury securities............................................................................................................................................. .........392,358,816 ................0.6 .........392,358,816 ................0.6<br />
1.2 U.S. government agency obligations (excluding mortgage-backed securities):<br />
1.21 Issued by U.S. government agencies............................................................................................................ ...........34,574,394 ................0.1 ...........34,574,394 ................0.1<br />
1.22 Issued by U.S. government sponsored agencies.......................................................................................... .........780,356,636 ................1.3 .........780,356,636 ................1.3<br />
1.3 Foreign government (including Canada, excluding mortgage-backed securities).................................................. .........499,194,873 ................0.8 .........499,194,873 ................0.8<br />
1.4 Securities issued by states, territories and possessions and political subdivisions in the U.S.:<br />
1.41 States, territories and possessions general obligations................................................................................ ..................45,262 ................0.0 ..................45,262 ................0.0<br />
1.42 Political subdivisions of states, territories & possessions & political subdivisions general obligations........ ...........91,772,823 ................0.2 ...........91,772,823 ................0.2<br />
1.43 Revenue and assessment obligations........................................................................................................... ...........53,105,433 ................0.1 ...........53,105,433 ................0.1<br />
1.44 Industrial development and similar obligations.............................................................................................. .............................. ................0.0 .............................. ................0.0<br />
1.5 Mortgage-backed securities (includes residential and commercial MBS):<br />
1.51 Pass-through securities:<br />
1.511 Issued or guaranteed by GNMA......................................................................................................... ...........12,831,614 ................0.0 ...........12,831,614 ................0.0<br />
1.512 Issued or guaranteed by FNMA and FHLMC..................................................................................... ......1,408,972,205 ................2.3 ......1,408,972,205 ................2.3<br />
1.513 All other............................................................................................................................................... .........132,381,221 ................0.2 .........132,381,221 ................0.2<br />
1.52 CMOs and REMICs:<br />
1.521 Issued or guaranteed by GNMA, FNMA, FHLMC or VA.................................................................... ......4,145,162,611 ................6.8 ......4,145,162,611 ................6.8<br />
1.522 Issued by non-U.S. Government issuers and collateralized by mortgage-backed<br />
securities issued or guaranteed by agencies shown in Line 1.521..................................................... .........314,407,250 ................0.5 .........314,407,250 ................0.5<br />
1.523 All other............................................................................................................................................... ......3,582,501,110 ................5.9 ......3,582,501,110 ................5.9<br />
2. Other debt and other fixed income securities (excluding short-term):<br />
2.1 Unaffiliated domestic securities (includes credit tenant loans rated by the SVO)................................................... ....25,727,377,441 ..............42.1 ....25,727,377,441 ..............42.1<br />
2.2 Unaffiliated foreign securities................................................................................................................................... ......8,055,080,859 ..............13.2 ......8,055,080,859 ..............13.2<br />
2.3 Affiliated securities.................................................................................................................................................... .........115,307,021 ................0.2 .........115,307,021 ................0.2<br />
3. Equity interests:<br />
3.1 Investments in mutual funds..................................................................................................................................... ...........55,436,743 ................0.1 ...........55,436,743 ................0.1<br />
3.2 Preferred stocks:<br />
3.21 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0<br />
3.22 Unaffiliated...................................................................................................................................................... ......1,570,078,696 ................2.6 ......1,570,078,696 ................2.6<br />
3.3 Publicly traded equity securities (excluding preferred stocks):<br />
3.31 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0<br />
3.32 Unaffiliated...................................................................................................................................................... ...........20,500,292 ................0.0 ...........20,500,292 ................0.0<br />
3.4 Other equity securities:<br />
3.41 Affiliated.......................................................................................................................................................... ......1,206,273,303 ................2.0 ......1,206,273,303 ................2.0<br />
3.42 Unaffiliated...................................................................................................................................................... .............8,567,245 ................0.0 .............8,567,245 ................0.0<br />
3.5 Other equity interests including tangible personal property under lease:<br />
3.51 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0<br />
3.52 Unaffiliated...................................................................................................................................................... .............................. ................0.0 .............................. ................0.0<br />
4. Mortgage loans:<br />
4.1 Construction and land development......................................................................................................................... .............................. ................0.0 .............................. ................0.0<br />
4.2 Agricultural................................................................................................................................................................ .............................. ................0.0 .............................. ................0.0<br />
4.3 Single family residential properties........................................................................................................................... ................140,138 ................0.0 ................140,138 ................0.0<br />
4.4 Multifamily residential properties.............................................................................................................................. .........618,049,257 ................1.0 .........618,049,257 ................1.0<br />
4.5 Commercial loans..................................................................................................................................................... ......6,409,064,686 ..............10.5 ......6,409,064,686 ..............10.5<br />
4.6 Mezzanine real estate loans..................................................................................................................................... .............................. ................0.0 .............................. ................0.0<br />
5. Real estate investments:<br />
5.1 Property occupied by company................................................................................................................................ ...........47,149,535 ................0.1 ...........47,149,535 ................0.1<br />
5.2 Property held for production of income (including $..........0 of property acquired in satisfaction of debt).............. ...........81,244,224 ................0.1 ...........81,244,224 ................0.1<br />
5.3 Property held for sale (including $.........0 property acquired in satisfaction of debt)............................................... ...........14,882,898 ................0.0 ...........14,882,898 ................0.0<br />
6. Contract loans..................................................................................................................................................................... ......2,391,463,608 ................3.9 ......2,391,463,608 ................3.9<br />
7. Receivables for securities................................................................................................................................................... ...........67,343,847 ................0.1 ...........67,343,847 ................0.1<br />
8. Cash, cash equivalents and short-term investments......................................................................................................... ......2,270,792,737 ................3.7 ......2,270,792,737 ................3.7<br />
9. Other invested assets......................................................................................................................................................... ......1,059,176,807 ................1.7 ......1,059,176,807 ................1.7<br />
10. Total invested assets.......................................................................................................................................................... ....61,165,593,585 ............100.0 ....61,165,593,585 ............100.0<br />
SI01
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE A - VERIFICATION BETWEEN YEARS<br />
Real Estate<br />
1. Book/adjusted carrying value, December 31 of prior year......................................................................................................................................................................... 221,168,848<br />
2. Cost of acquired:<br />
2.1 Actual cost at time of acquisition (Part 2, Column 6).................................................................................................................... 13,318,750<br />
2.2 Additional investment made after acquisition (Part 2, Column 9)................................................................................................. 2,009,800 15,328,550<br />
3. Current year change in encumbrances:<br />
3.1 Totals, Part 1, Column 13.............................................................................................................................................................<br />
3.2 Totals, Part 3, Column 11............................................................................................................................................................. 0<br />
4. Total gain (loss) on disposals, Part 3, Column 18..................................................................................................................................................................................... 89,126,824<br />
5. Deduct amounts received on disposals, Part 3, Column 15...................................................................................................................................................................... 172,072,238<br />
6. Total foreign exchange change in book/adjusted carrying value:<br />
6.1 Totals, Part 1, Column 15.............................................................................................................................................................<br />
6.2 Totals, Part 3, Column 13............................................................................................................................................................. 0<br />
7. Deduct current year's other than temporary impairment recognized:<br />
7.1 Totals, Part 1, Column 12............................................................................................................................................................. 3,354,629<br />
7.2 Totals, Part 3, Column 10............................................................................................................................................................. 3,354,629<br />
8. Deduct current year's depreciation:<br />
8.1 Totals, Part 1, Column 11............................................................................................................................................................. 6,316,593<br />
8.2 Totals, Part 3, Column 9............................................................................................................................................................... 604,035 6,920,629<br />
9. Book/adjusted carrying value at end of current period (Lines 1+2+3+4-5+6-7-8)..................................................................................................................................... 143,276,727<br />
10. Deduct total nonadmitted amounts............................................................................................................................................................................................................ 70<br />
11. Statement value at end of current period (Line 9 minus Line 10).............................................................................................................................................................. 143,276,657<br />
SCHEDULE B - VERIFICATION BETWEEN YEARS<br />
Mortgage Loans<br />
1. Book value/recorded investment excluding accrued interest, December 31 of prior year......................................................................................................................... 6,767,298,523<br />
2. Cost of acquired:<br />
2.1 Actual cost at time of acquisition (Part 2, Column 7).................................................................................................................... 775,698,120<br />
2.2 Additional investment made after acquisition (Part 2, Column 8)................................................................................................. 775,698,120<br />
3. Capitalized deferred interest and other:<br />
3.1 Totals, Part 1, Column 12.............................................................................................................................................................<br />
3.2 Totals, Part 3, Column 11............................................................................................................................................................. 0<br />
4. Accrual of discount.................................................................................................................................................................................................................................... 455,894<br />
5. Unrealized valuation increase (decrease):<br />
5.1 Totals, Part 1, Column 9...............................................................................................................................................................<br />
5.2 Totals, Part 3, Column 8............................................................................................................................................................... 0<br />
6. Total gain (loss) on disposals, Part 3, Column 18..................................................................................................................................................................................... (123,364)<br />
7. Deduct amounts received on disposals, Part 3, Column 15...................................................................................................................................................................... 515,843,714<br />
8. Deduct amortization of premium and mortgage interest points and commitment fees.............................................................................................................................. 231,378<br />
9. Total foreign exchange change in book value/recorded investment excluding accrued interest:<br />
9.1 Totals, Part 1, Column 13.............................................................................................................................................................<br />
9.2 Totals, Part 3, Column 13............................................................................................................................................................. 0<br />
10. Deduct current year's other than temporary impairment recognized:<br />
10.1 Totals, Part 1, Column 11.............................................................................................................................................................<br />
10.2 Totals, Part 3, Column 10............................................................................................................................................................. 0<br />
11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7-8+9-10)........................................................................... 7,027,254,081<br />
12. Total valuation allowance..........................................................................................................................................................................................................................<br />
13. Subtotal (Line 11 plus Line 12).................................................................................................................................................................................................................. 7,027,254,081<br />
14. Deduct total nonadmitted amounts............................................................................................................................................................................................................<br />
15. Statement value at end of current period (Line 13 minus Line 14)............................................................................................................................................................ 7,027,254,081<br />
SI02
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - VERIFICATION BETWEEN YEARS<br />
Other Long-Term Invested Assets<br />
1. Book/adjusted carrying value, December 31 of prior year......................................................................................................................................................................... 1,066,129,196<br />
2. Cost of acquired:<br />
2.1 Actual cost at time of acquisition (Part 2, Column 8).................................................................................................................... 41,274,965<br />
2.2 Additional investment made after acquisition (Part 2, Column 9)................................................................................................. 228,422,448 269,697,413<br />
3. Capitalized deferred interest and other:<br />
3.1 Totals, Part 1, Column 16.............................................................................................................................................................<br />
3.2 Totals, Part 3, Column 12............................................................................................................................................................. 0<br />
4. Accrual of discount.................................................................................................................................................................................................................................... 13,394<br />
5. Unrealized valuation increase (decrease):<br />
5.1 Totals, Part 1, Column 13............................................................................................................................................................. (67,255,341)<br />
5.2 Totals, Part 3, Column 9............................................................................................................................................................... 31,826,277 (35,429,065)<br />
6. Total gain (loss) on disposals, Part 3, Column 19..................................................................................................................................................................................... 2,399<br />
7. Deduct amounts received on disposals, Part 3, Column 16...................................................................................................................................................................... 245,778,922<br />
8. Deduct amortization of premium and depreciation.................................................................................................................................................................................... 58,432<br />
9. Total foreign exchange change in book/adjusted carrying value:<br />
9.1 Totals, Part 1, Column 17............................................................................................................................................................. (4,102,861)<br />
9.2 Totals, Part 3, Column 14............................................................................................................................................................. (4,102,861)<br />
10. Deduct current year's other than temporary impairment recognized:<br />
10.1 Totals, Part 1, Column 15.............................................................................................................................................................<br />
10.2 Totals, Part 3, Column 11............................................................................................................................................................. 0<br />
11. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5+6-7-8+9-10)........................................................................................................................... 1,050,473,121<br />
12. Deduct total nonadmitted amounts............................................................................................................................................................................................................ 207,659<br />
13. Statement value at end of current period (Line 11 minus Line 12)............................................................................................................................................................ 1,050,265,462<br />
SCHEDULE D - VERIFICATION BETWEEN YEARS<br />
Bonds and Stocks<br />
1. Book/adjusted carrying value, December 31 of prior year......................................................................................................................................................................... 48,975,770,396<br />
2. Cost of bonds and stocks acquired, Column 7, Part 3.............................................................................................................................................................................. 4,962,086,410<br />
3. Accrual of discount.................................................................................................................................................................................................................................... 122,074,162<br />
4. Unrealized valuation increase (decrease):<br />
4.1 Column 12, Part 1........................................................................................................................................................................ (56,176,370)<br />
4.2 Column 15, Part 2, Section 1....................................................................................................................................................... (1,054,390)<br />
4.3 Column 13, Part 2, Section 2....................................................................................................................................................... (168,738,144)<br />
4.4 Column 11, Part 4........................................................................................................................................................................ 2,382,266 (223,586,638)<br />
5. Total gain (loss) on disposals, Column 19, Part 4..................................................................................................................................................................................... (180,558,759)<br />
6. Deduct consideration for bonds and stocks disposed of, Column 7, Part 4.............................................................................................................................................. 4,625,124,707<br />
7. Deduct amortization of premium................................................................................................................................................................................................................ 71,029,683<br />
8. Total foreign exchange change in book/adjusted carrying value:<br />
8.1 Column 15, Part 1........................................................................................................................................................................ (55,545,318)<br />
8.2 Column 19, Part 2, Section 1.......................................................................................................................................................<br />
8.3 Column 16, Part 2, Section 2.......................................................................................................................................................<br />
8.4 Column 15, Part 4........................................................................................................................................................................ (3,371,908) (58,917,226)<br />
9. Deduct current year's other than temporary impairment recognized:<br />
9.1 Column 14, Part 1........................................................................................................................................................................ 463,207,341<br />
9.2 Column 17, Part 2, Section 1....................................................................................................................................................... 77,728,091<br />
9.3 Column 14, Part 2, Section 2....................................................................................................................................................... 2,827,860<br />
9.4 Column 13, Part 4........................................................................................................................................................................ 150,664,814 694,428,106<br />
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9)................................................................................................................................. 48,206,285,849<br />
11. Deduct total nonadmitted amounts............................................................................................................................................................................................................<br />
12. Statement value at end of current period (Line 10 minus Line 11)............................................................................................................................................................ 48,206,285,849<br />
SI03
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - SUMMARY BY COUNTRY<br />
Long-Term Bonds and Stocks OWNED December 31 of Current Year<br />
1 2 3 4<br />
Book/Adjusted<br />
Par Value<br />
Description Carrying Value Fair Value Actual Cost of Bonds<br />
BONDS 1. United States....................... ..................1,598,267,205 ..................1,915,751,276 ..................1,098,622,424 ..................2,178,652,088<br />
Governments 2. Canada................................ .......................................... .......................................... .......................................... ..........................................<br />
(Including all obligations guaranteed 3. Other Countries................... .....................423,488,219 .....................398,194,400 .....................423,390,350 .....................425,029,731<br />
by governments) 4. Totals................................... ..................2,021,755,424 ..................2,313,945,676 ..................1,522,012,774 ..................2,603,681,819<br />
5. United States....................... ..............................45,262 ..............................45,341 ..............................45,363 ..............................45,000<br />
States, Territories and Possessions 6. Canada................................ .......................25,066,244 .......................32,033,670 .......................25,506,605 .......................24,500,000<br />
(Direct and guaranteed) 7. Other Countries................... .......................................... .......................................... .......................................... ..........................................<br />
8. Totals................................... .......................25,111,506 .......................32,079,011 .......................25,551,968 .......................24,545,000<br />
Political Subdivisions of States, 9. United States....................... .......................91,772,823 .......................83,503,523 .......................90,705,154 .......................92,575,000<br />
Territories and Possessions 10. Canada................................ .......................................... .......................................... .......................................... ..........................................<br />
(Direct and guaranteed) 11. Other Countries................... .......................................... .......................................... .......................................... ..........................................<br />
12. Totals................................... .......................91,772,823 .......................83,503,523 .......................90,705,154 .......................92,575,000<br />
Special Revenue and Special Assessment 13. United States....................... ..................5,413,530,628 ..................5,598,731,518 ..................5,394,497,960 ..................5,491,944,343<br />
Obligations and all Non-guaranteed Obligations 14. Canada................................ .......................................... .......................................... .......................................... ..........................................<br />
of Agencies and Authorities of Governments 15. Other Countries................... .......................36,869,904 .......................39,248,866 .......................37,578,510 .......................36,106,000<br />
and their Political Subdivisions 16. Totals................................... ..................5,450,400,532 ..................5,637,980,384 ..................5,432,076,470 ..................5,528,050,343<br />
17. United States....................... ..................4,246,347,523 ..................3,987,415,724 ..................4,260,952,713 ..................4,259,291,916<br />
Public Utilities 18. Canada................................ .....................149,475,488 .....................169,130,836 .....................151,459,837 .....................150,264,000<br />
(Unaffiliated) 19. Other Countries................... .....................561,593,009 .....................493,453,026 .....................562,534,765 .....................538,255,134<br />
20. Totals................................... ..................4,957,416,020 ..................4,649,999,586 ..................4,974,947,315 ..................4,947,811,050<br />
Industrial and Miscellaneous and 21. United States....................... ................27,417,999,092 ................23,595,236,174 ................27,618,449,704 ................28,134,877,211<br />
Credit Tenant Loans 22. Canada................................ .....................620,965,703 .....................550,119,511 .....................621,808,902 .....................622,822,625<br />
(Unaffiliated) 23. Other Countries................... ..................4,644,701,449 ..................4,261,840,186 ..................4,668,766,535 ..................4,677,773,118<br />
24. Totals................................... ................32,683,666,244 ................28,407,195,871 ................32,909,025,141 ................33,435,472,954<br />
Parent, Subsidiaries and Affiliates 25. Totals................................... .....................115,307,021 .....................115,307,021 .....................115,307,021 .....................115,307,021<br />
26. Total Bonds........................ ................45,345,429,570 ................41,240,011,072 ................45,069,625,843 ................46,747,443,187<br />
PREFERRED STOCKS 27. United States....................... .......................34,773,796 .......................31,457,131 .......................35,312,719<br />
Public Utilities 28. Canada................................ .......................................... .......................................... ..........................................<br />
(Unaffiliated) 29. Other Countries................... .......................................... .......................................... ..........................................<br />
30. Totals................................... .......................34,773,796 .......................31,457,131 .......................35,312,719<br />
31 United States....................... .......................14,562,400 .......................13,812,400 .......................14,562,400<br />
Banks, Trust and <strong>Insurance</strong> Companies 32. Canada................................ .......................................... .......................................... ..........................................<br />
(Unaffiliated) 33. Other Countries................... .......................33,389,360 .......................13,617,700 .......................33,389,360<br />
34. Totals................................... .......................47,951,760 .......................27,430,100 .......................47,951,760<br />
35. United States....................... ..................1,032,791,911 .....................615,746,425 ..................1,039,537,417<br />
Industrial and Miscellaneous 36. Canada................................ .......................32,607,500 .......................22,685,000 .......................32,607,500<br />
(Unaffiliated) 37. Other Countries................... .....................421,953,732 .....................247,322,638 .....................423,697,603<br />
38. Totals................................... ..................1,487,353,143 .....................885,754,063 ..................1,495,842,520<br />
Parent, Subsidiaries and Affiliates 39. Totals................................... .......................................... .......................................... ..........................................<br />
40. Total Preferred Stocks...... ..................1,570,078,699 .....................944,641,294 ..................1,579,106,999<br />
COMMON STOCKS 41. United States....................... ............................427,452 ............................427,452 ..........................................<br />
Public Utilities 42. Canada................................ .......................................... .......................................... ..........................................<br />
(Unaffiliated) 43. Other Countries................... .......................................... .......................................... ..........................................<br />
44. Totals................................... ............................427,452 ............................427,452 .......................................0<br />
45. United States....................... .......................18,955,142 .......................18,955,142 .......................19,588,400<br />
Banks, Trust and <strong>Insurance</strong> Companies 46. Canada................................ .......................................... .......................................... ..........................................<br />
(Unaffiliated) 47. Other Countries................... .......................................... .......................................... ..........................................<br />
48. Totals................................... .......................18,955,142 .......................18,955,142 .......................19,588,400<br />
49. United States....................... .......................58,374,746 .......................58,374,746 .......................75,437,815<br />
Industrial and Miscellaneous 50. Canada................................ .......................................... .......................................... ..........................................<br />
(Unaffiliated) 51. Other Countries................... .........................6,746,940 .........................6,746,940 .......................10,035,028<br />
52. Totals................................... .......................65,121,686 .......................65,121,686 .......................85,472,843<br />
Parent, Subsidiaries and Affiliates 53. Totals................................... ..................1,206,273,303 ..................1,206,273,303 ..................1,538,403,350<br />
54. Total Common Stocks....... ..................1,290,777,583 ..................1,290,777,583 ..................1,643,464,593<br />
55. Total Stocks....................... ..................2,860,856,282 ..................2,235,418,877 ..................3,222,571,592<br />
56. Total Bonds and Stocks.... ................48,206,285,852 ................43,475,429,949 ................48,292,197,435<br />
SI04
SI05<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1A - SECTION 1<br />
Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations<br />
1 2 3 4 5 6 7 8 9 10 11<br />
Quality Rating per the 1 Year Over 1 Year Over 5 Years Over 10 Years Over 20 Total Column 6 as a Total from Column % from Col. 7 Total Total<br />
NAIC Designation or Less Through 5 Years Through 10 Years Through 20 Years Years Current Year % of Line 10.7 6 Prior Year Prior Year Publicly Traded Privately Placed (a)<br />
1. U.S. Governments (Group 1)<br />
1.1 Class 1................................................................................................. .............614,362,318 .............510,894,931 .............565,674,602 .............316,223,190 ...............17,789,694 ..........2,024,944,735 ...........................4.2 ..........1,723,354,832 ...........................3.5 ..........2,024,944,736 .................................<br />
1.2 Class 2................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
1.3 Class 3................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
1.4 Class 4................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
1.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
1.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
1.7 Totals.................................................................................................... .............614,362,318 .............510,894,931 .............565,674,602 .............316,223,190 ...............17,789,694 ..........2,024,944,735 ...........................4.2 ..........1,723,354,832 ...........................3.5 ..........2,024,944,736 ..............................0<br />
2. All Other Governments (Group 2)<br />
2.1 Class 1................................................................................................. .................2,333,333 .............143,932,578 ...............58,326,494 ...............19,751,716 ...............31,419,183 .............255,763,304 ...........................0.5 .............259,653,214 ...........................0.5 .............205,843,204 ...............49,920,101<br />
2.2 Class 2................................................................................................. ................................. ...............26,071,811 ...............14,132,830 ................................. .................9,691,718 ...............49,896,359 ...........................0.1 ...............45,524,644 ...........................0.1 ...............26,878,016 ...............23,018,342<br />
2.3 Class 3................................................................................................. ................................. .................9,955,004 .................6,739,016 .................3,913,663 ...............43,214,424 ...............63,822,107 ...........................0.1 .............111,932,757 ...........................0.2 ...............50,110,248 ...............13,711,859<br />
2.4 Class 4................................................................................................. .................2,394,324 ...............23,364,902 ...............11,742,820 .................1,713,959 ...............14,770,075 ...............53,986,080 ...........................0.1 ...............60,030,654 ...........................0.1 ...............53,986,081 .................................<br />
2.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
2.6 Class 6................................................................................................. .....................20,369 ................................. ................................. ................................. ................................. .....................20,369 ...........................0.0 .....................20,369 ...........................0.0 .....................20,369 .................................<br />
2.7 Totals.................................................................................................... .................4,748,026 .............203,324,295 ...............90,941,160 ...............25,379,338 ...............99,095,400 .............423,488,219 ...........................0.9 .............477,161,638 ...........................1.0 .............336,837,918 ...............86,650,302<br />
3. States, Territories and Possessions, etc., Guaranteed<br />
(Group 3)<br />
3.1 Class 1................................................................................................. .....................45,262 ...............13,521,397 .................4,332,619 .................7,212,228 ................................. ...............25,111,506 ...........................0.1 ...............35,742,484 ...........................0.1 ...............25,111,506 .................................<br />
3.2 Class 2................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ...................483,660 ...........................0.0 ................................. .................................<br />
3.3 Class 3................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.4 Class 4................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.7 Totals.................................................................................................... .....................45,262 ...............13,521,397 .................4,332,619 .................7,212,228 ..............................0 ...............25,111,506 ...........................0.1 ...............36,226,144 ...........................0.1 ...............25,111,506 ..............................0<br />
4. Political Subdivisions of States, Territories and Possessions,<br />
Guaranteed (Group 4)<br />
4.1 Class 1................................................................................................. .................7,417,870 .................8,615,713 .................4,024,132 ...............18,745,179 ...................402,740 ...............39,205,634 ...........................0.1 ...............59,722,860 ...........................0.1 ...............39,205,634 .................................<br />
4.2 Class 2................................................................................................. ................................. .................7,428,942 .................5,994,560 ...............11,268,509 ...............27,875,179 ...............52,567,190 ...........................0.1 ...............40,200,638 ...........................0.1 ...............41,298,680 ...............11,268,509<br />
4.3 Class 3................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.4 Class 4................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.7 Totals.................................................................................................... .................7,417,870 ...............16,044,655 ...............10,018,692 ...............30,013,688 ...............28,277,919 ...............91,772,824 ...........................0.2 ...............99,923,498 ...........................0.2 ...............80,504,314 ...............11,268,509<br />
5. Special Revenue & Special Assessment Obligations,<br />
etc., Non-Guaranteed (Group 5)<br />
5.1 Class 1................................................................................................. .............396,473,625 ..........2,051,091,848 ..........1,783,645,366 ..........1,022,202,718 .............188,886,975 ..........5,442,300,532 .........................11.4 ..........4,574,521,207 ...........................9.4 ..........5,411,085,509 ...............31,215,023<br />
5.2 Class 2................................................................................................. ................................. ................................. ................................. .................4,000,000 .................4,100,000 .................8,100,000 ...........................0.0 .................4,100,000 ...........................0.0 .................8,100,000 .................................<br />
5.3 Class 3................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
5.4 Class 4................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
5.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
5.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
5.7 Totals.................................................................................................... .............396,473,625 ..........2,051,091,848 ..........1,783,645,366 ..........1,026,202,718 .............192,986,975 ..........5,450,400,532 .........................11.4 ..........4,578,621,207 ...........................9.4 ..........5,419,185,509 ...............31,215,023
SI06<br />
Annual Statement for the year 2008 of the<br />
6. Public Utilities (Unaffiliated) (Group 6)<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1A - SECTION 1 (continued)<br />
Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations<br />
1 2 3 4 5 6 7 8 9 10 11<br />
Quality Rating per the 1 Year Over 1 Year Over 5 Years Over 10 Years Over 20 Total Column 6 as a Total from Column % from Col. 7 Total Total<br />
NAIC Designation or Less Through 5 Years Through 10 Years Through 20 Years Years Current Year % of Line 10.7 6 Prior Year Prior Year Publicly Traded Privately Placed (a)<br />
6.1 Class 1................................................................................................. ...............59,683,556 .............655,387,653 .............628,175,323 .............359,371,145 .............601,534,434 ..........2,304,152,111 ...........................4.8 ..........2,346,812,637 ...........................4.8 ..........1,614,729,235 .............689,422,876<br />
6.2 Class 2................................................................................................. ...............64,091,309 .............891,210,980 .............855,765,200 .............373,783,499 .............314,987,893 ..........2,499,838,881 ...........................5.2 ..........2,426,373,652 ...........................5.0 ..........1,637,817,494 .............862,021,388<br />
6.3 Class 3................................................................................................. ...............12,039,447 ...............41,638,342 ...............57,501,351 ...............26,047,486 ................................. .............137,226,626 ...........................0.3 .............154,076,507 ...........................0.3 ...............69,974,129 ...............67,252,496<br />
6.4 Class 4................................................................................................. ................................. ................................. .................6,084,051 ................................. ................................. .................6,084,051 ...........................0.0 ...............48,575,951 ...........................0.1 .................6,084,051 .................................<br />
6.5 Class 5................................................................................................. .................1,284,055 .................8,438,411 ...................391,885 ................................. ................................. ...............10,114,351 ...........................0.0 ...............39,565,625 ...........................0.1 ...............10,114,350 .................................<br />
6.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ...................861,527 ...........................0.0 ................................. .................................<br />
6.7 Totals.................................................................................................... .............137,098,367 ..........1,596,675,386 ..........1,547,917,810 .............759,202,130 .............916,522,327 ..........4,957,416,020 .........................10.4 ..........5,016,265,899 .........................10.3 ..........3,338,719,259 ..........1,618,696,760<br />
7. Industrial & Miscellaneous (Unaffiliated) (Group 7)<br />
7.1 Class 1................................................................................................. ..........3,128,668,289 ..........6,209,987,833 ..........4,977,724,439 ..........2,296,377,208 ..........2,287,766,055 ........18,900,523,824 .........................39.5 ........20,739,139,177 .........................42.7 ........14,141,292,411 ..........4,759,231,413<br />
7.2 Class 2................................................................................................. .............580,091,515 ..........4,777,154,418 ..........5,041,834,654 ..........1,195,649,876 ..........1,513,535,493 ........13,108,265,956 .........................27.4 ........13,022,772,182 .........................26.8 ..........7,939,131,269 ..........5,169,134,686<br />
7.3 Class 3................................................................................................. .............158,171,012 .............769,865,978 .............495,336,809 .............110,214,273 .............206,016,045 ..........1,739,604,117 ...........................3.6 ..........1,721,782,556 ...........................3.5 .............999,369,335 .............740,234,781<br />
7.4 Class 4................................................................................................. ...............79,102,856 .............247,059,210 .............170,681,551 ...............69,379,583 ...............54,179,313 .............620,402,513 ...........................1.3 .............611,772,691 ...........................1.3 .............500,734,872 .............119,667,642<br />
7.5 Class 5................................................................................................. .................4,857,921 ...............91,738,708 ...............60,982,540 ...............26,751,270 ...............16,362,662 .............200,693,101 ...........................0.4 .............225,945,965 ...........................0.5 .............169,880,107 ...............30,812,995<br />
7.6 Class 6................................................................................................. .................9,437,266 ...............22,660,192 ...............23,248,427 .................3,835,818 .................7,401,298 ...............66,583,001 ...........................0.1 .................8,127,441 ...........................0.0 ...............53,717,473 ...............12,865,527<br />
7.7 Totals.................................................................................................... ..........3,960,328,859 ........12,118,466,339 ........10,769,808,420 ..........3,702,208,028 ..........4,085,260,866 ........34,636,072,512 .........................72.4 ........36,329,540,012 .........................74.8 ........23,804,125,467 ........10,831,947,044<br />
8. Credit Tenant Loans (Group 8)<br />
8.1 Class 1................................................................................................. .................1,524,455 .................7,236,077 ...............11,277,416 ...............30,219,642 ...................332,493 ...............50,590,083 ...........................0.1 ...............57,271,638 ...........................0.1 ................................. ...............50,590,083<br />
8.2 Class 2................................................................................................. ...................984,228 .................1,313,564 .................2,125,265 .................3,754,244 ...................156,031 .................8,333,332 ...........................0.0 .................4,677,608 ...........................0.0 ................................. .................8,333,332<br />
8.3 Class 3................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 .................1,278,952 ...........................0.0 ................................. .................................<br />
8.4 Class 4................................................................................................. .................1,155,714 .................5,309,250 .................8,641,525 ...............15,004,039 ................................. ...............30,110,528 ...........................0.1 ...............30,883,754 ...........................0.1 ................................. ...............30,110,528<br />
8.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
8.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
8.7 Totals.................................................................................................... .................3,664,397 ...............13,858,891 ...............22,044,206 ...............48,977,925 ...................488,524 ...............89,033,943 ...........................0.2 ...............94,111,952 ...........................0.2 ..............................0 ...............89,033,943<br />
9. Parent, Subsidiaries and Affiliates (Group 9)<br />
9.1 Class 1................................................................................................. .............106,894,737 .................8,412,284 ................................. ................................. ................................. .............115,307,021 ...........................0.2 .............222,201,757 ...........................0.5 ................................. .............115,307,021<br />
9.2 Class 2................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.3 Class 3................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.4 Class 4................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.5 Class 5................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.6 Class 6................................................................................................. ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.7 Totals.................................................................................................... .............106,894,737 .................8,412,284 ..............................0 ..............................0 ..............................0 .............115,307,021 ...........................0.2 .............222,201,757 ...........................0.5 ..............................0 .............115,307,021
SI07<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1A - SECTION 1 (continued)<br />
Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations<br />
1 2 3 4 5 6 7 8 9 10 11<br />
Quality Rating per the 1 Year Over 1 Year Over 5 Years Over 10 Years Over 20 Total Column 6 as a Total from Column % from Col. 7 Total Total<br />
NAIC Designation or Less Through 5 Years Through 10 Years Through 20 Years Years Current Year % of Line 10.7 6 Prior Year Prior Year Publicly Traded Privately Placed (a)<br />
10. Total Bonds Current Year<br />
10.1 Class 1................................................................................................. (d)......4,317,403,445 ..........9,609,080,314 ..........8,033,180,391 ..........4,070,103,026 ..........3,128,131,574 ........29,157,898,750 .........................61.0 ..............XXX............ ..............XXX............ ........23,462,212,235 ..........5,695,686,517<br />
10.2 Class 2................................................................................................. (d)........645,167,052 ..........5,703,179,715 ..........5,919,852,509 ..........1,588,456,128 ..........1,870,346,314 ........15,727,001,718 .........................32.9 ..............XXX............ ..............XXX............ ..........9,653,225,459 ..........6,073,776,257<br />
10.3 Class 3................................................................................................. (d)........170,210,459 .............821,459,324 .............559,577,176 .............140,175,422 .............249,230,469 ..........1,940,652,850 ...........................4.1 ..............XXX............ ..............XXX............ ..........1,119,453,712 .............821,199,136<br />
10.4 Class 4................................................................................................. (d)..........82,652,894 .............275,733,362 .............197,149,947 ...............86,097,581 ...............68,949,388 .............710,583,172 ...........................1.5 ..............XXX............ ..............XXX............ .............560,805,004 .............149,778,170<br />
10.5 Class 5................................................................................................. (d)............6,141,976 .............100,177,119 ...............61,374,425 ...............26,751,270 ...............16,362,662 (c).........210,807,452 ...........................0.4 ..............XXX............ ..............XXX............ .............179,994,457 ...............30,812,995<br />
10.6 Class 6................................................................................................. (d)............9,457,635 ...............22,660,192 ...............23,248,427 .................3,835,818 .................7,401,298 (c)...........66,603,370 ...........................0.1 ..............XXX............ ..............XXX............ ...............53,737,842 ...............12,865,527<br />
10.7 Totals.................................................................................................... ..........5,231,033,461 ........16,532,290,026 ........14,794,382,875 ..........5,915,419,245 ..........5,340,421,705 (b)....47,813,547,312 .......................100.0 ..............XXX............ ..............XXX............ ........35,029,428,709 ........12,784,118,602<br />
10.8 Line 10.7 as a % of Col. 6..................................................................... .........................10.9 .........................34.6 .........................30.9 .........................12.4 .........................11.2 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX............ .........................73.3 .........................26.7<br />
11. Total Bonds Prior Year<br />
11.1 Class 1................................................................................................. ..........3,029,866,957 ..........9,265,601,690 ..........8,671,625,394 ..........4,355,769,636 ..........4,695,556,129 ..............XXX............ ..............XXX............ ........30,018,419,806 .........................61.8 ........23,249,734,148 ..........6,768,685,658<br />
11.2 Class 2................................................................................................. .............962,648,206 ..........4,446,566,759 ..........6,255,270,738 ..........1,830,544,253 ..........2,049,102,428 ..............XXX............ ..............XXX............ ........15,544,132,384 .........................32.0 ..........9,131,960,328 ..........6,412,172,054<br />
11.3 Class 3................................................................................................. ...............80,323,719 .............733,565,247 .............821,418,528 .............170,292,886 .............183,470,392 ..............XXX............ ..............XXX............ ..........1,989,070,772 ...........................4.1 ..........1,188,445,281 .............800,625,491<br />
11.4 Class 4................................................................................................. ...............76,282,484 .............234,144,156 .............334,320,023 ...............68,919,241 ...............37,597,146 ..............XXX............ ..............XXX............ .............751,263,050 ...........................1.5 .............594,212,279 .............157,050,771<br />
11.5 Class 5................................................................................................. ...............13,334,039 ...............44,162,553 .............136,206,739 ...............35,676,690 ...............36,131,569 ..............XXX............ ..............XXX............ (c).........265,511,590 ...........................0.5 .............228,080,706 ...............37,430,883<br />
11.6 Class 6................................................................................................. .................4,829,928 .................4,106,518 .....................72,891 ................................. ................................. ..............XXX............ ..............XXX............ (c).............9,009,337 ...........................0.0 ...................758,495 .................8,250,850<br />
11.7 Totals.................................................................................................... ..........4,167,285,333 ........14,728,146,923 ........16,218,914,313 ..........6,461,202,706 ..........7,001,857,664 ..............XXX............ ..............XXX............ (b)....48,577,406,939 .......................100.0 ........34,393,191,237 ........14,184,215,707<br />
11.8 Line 11.7 as a % of Col. 8..................................................................... ...........................8.6 .........................30.3 .........................33.4 .........................13.3 .........................14.4 ..............XXX............ ..............XXX............ .......................100.0 ..............XXX............ .........................70.8 .........................29.2<br />
12. Total Publicly Traded Bonds<br />
12.1 Class 1................................................................................................. ..........3,675,522,135 ..........7,806,373,031 ..........6,121,014,746 ..........3,052,058,049 ..........2,807,244,272 ........23,462,212,233 .........................49.1 ........23,249,734,148 .........................47.9 ........23,462,212,233 ..............XXX............<br />
12.2 Class 2................................................................................................. .............301,637,617 ..........3,650,553,872 ..........3,283,364,891 .............857,546,422 ..........1,560,122,657 ..........9,653,225,459 .........................20.2 ..........9,131,960,328 .........................18.8 ..........9,653,225,459 ..............XXX............<br />
12.3 Class 3................................................................................................. .............108,223,410 .............377,125,598 .............349,502,456 ...............92,865,452 .............191,736,796 ..........1,119,453,712 ...........................2.3 ..........1,188,445,281 ...........................2.4 ..........1,119,453,712 ..............XXX............<br />
12.4 Class 4................................................................................................. ...............67,597,299 .............175,209,516 .............177,955,258 ...............71,093,542 ...............68,949,389 .............560,805,004 ...........................1.2 .............594,212,279 ...........................1.2 .............560,805,004 ..............XXX............<br />
12.5 Class 5................................................................................................. .................5,384,286 ...............80,285,584 ...............51,226,201 ...............26,735,725 ...............16,362,662 .............179,994,458 ...........................0.4 .............228,080,706 ...........................0.5 .............179,994,458 ..............XXX............<br />
12.6 Class 6................................................................................................. .................2,216,722 ...............18,035,802 ...............22,923,249 .................3,730,040 .................6,832,029 ...............53,737,842 ...........................0.1 ...................758,495 ...........................0.0 ...............53,737,842 ..............XXX............<br />
12.7 Totals.................................................................................................... ..........4,160,581,469 ........12,107,583,403 ........10,005,986,801 ..........4,104,029,230 ..........4,651,247,805 ........35,029,428,708 .........................73.3 ........34,393,191,237 .........................70.8 ........35,029,428,708 ..............XXX............<br />
12.8 Line 12.7 as a % of Col. 6..................................................................... .........................11.9 .........................34.6 .........................28.6 .........................11.7 .........................13.3 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX............ .......................100.0 ..............XXX............<br />
12.9 Line 12.7 as a % of Line 10.7, Col. 6, Section 10.................................. ...........................8.7 .........................25.3 .........................20.9 ...........................8.6 ...........................9.7 .........................73.3 ..............XXX............ ..............XXX............ ..............XXX............ .........................73.3 ..............XXX............<br />
13. Total Privately Placed Bonds<br />
13.1 Class 1................................................................................................. .............641,881,311 ..........1,802,707,283 ..........1,912,165,645 ..........1,018,044,976 .............320,887,301 ..........5,695,686,516 .........................11.9 ..........6,768,685,658 .........................13.9 ..............XXX............ ..........5,695,686,516<br />
13.2 Class 2................................................................................................. .............343,529,434 ..........2,052,625,842 ..........2,636,487,618 .............730,909,706 .............310,223,657 ..........6,073,776,257 .........................12.7 ..........6,412,172,054 .........................13.2 ..............XXX............ ..........6,073,776,257<br />
13.3 Class 3................................................................................................. ...............61,987,048 .............444,333,726 .............210,074,720 ...............47,309,969 ...............57,493,673 .............821,199,136 ...........................1.7 .............800,625,491 ...........................1.6 ..............XXX............ .............821,199,136<br />
13.4 Class 4................................................................................................. ...............15,055,595 .............100,523,846 ...............19,194,689 ...............15,004,039 ................................. .............149,778,169 ...........................0.3 .............157,050,771 ...........................0.3 ..............XXX............ .............149,778,169<br />
13.5 Class 5................................................................................................. ...................757,690 ...............19,891,535 ...............10,148,224 .....................15,545 ................................. ...............30,812,994 ...........................0.1 ...............37,430,883 ...........................0.1 ..............XXX............ ...............30,812,994<br />
13.6 Class 6................................................................................................. .................7,240,914 .................4,624,389 ...................325,178 ...................105,778 ...................569,269 ...............12,865,528 ...........................0.0 .................8,250,850 ...........................0.0 ..............XXX............ ...............12,865,528<br />
13.7 Totals.................................................................................................... ..........1,070,451,992 ..........4,424,706,621 ..........4,788,396,074 ..........1,811,390,013 .............689,173,900 ........12,784,118,600 .........................26.7 ........14,184,215,707 .........................29.2 ..............XXX............ ........12,784,118,600<br />
13.8 Line 13.7 as a % of Col. 6..................................................................... ...........................8.4 .........................34.6 .........................37.5 .........................14.2 ...........................5.4 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX............ ..............XXX............ .......................100.0<br />
13.9 Line 13.7 as a % of Line 10.7, Col. 6, Section 10.................................. ...........................2.2 ...........................9.3 .........................10.0 ...........................3.8 ...........................1.4 .........................26.7 ..............XXX............ ..............XXX............ ..............XXX............ ..............XXX............ .........................26.7<br />
(a) Includes $.....6,733,527,633 freely tradable under SEC Rule 144 or qualified for resale under SEC Rule 144A.<br />
(b) Includes $.....186,896,744 current year, $.....409,666,808 prior year of bonds with Z designations and $..........0 current year, $..........0 prior year of bonds with Z* designations. <strong>The</strong> letter "Z" means the NAIC designation was not assigned by the<br />
Securities Valuation Office (SVO) at the date of the statement. "Z*" means the SVO could not evaluate the obligation because valuation procedures for the security class are under regulatory review.<br />
(c) Includes $.....15,105,819 current year, $.....40,279,424 prior year of bonds with 5* designations and $.....1,520,165 current year, $.....1,521,601 prior year of bonds with 6* designations. "5*" means the NAIC designation was assigned by the SVO in reliance on<br />
the insurer's certification that the issuer is current in all principal and interest payments. "6*" means the NAIC designation was assigned by the SVO due to inadequate certification of principal and interest payments.<br />
(d) Includes the following amount of non-rated short-term and cash equivalent bonds by NAIC designation: NAIC 1 $.....355,631,455; NAIC 2 $..........0; NAIC 3 $..........0; NAIC 4 $..........0; NAIC 5 $..........0; NAIC 6 $..........0.
SI08<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1A - SECTION 2<br />
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues<br />
1 2 3 4 5 6 7 8 9 10 11<br />
1 Year Over 1 Year Over 5 Years Over 10 Years Over 20 Total Column 6 as a Total from Column % from Col. 7 Total Total<br />
Distribution by Type or Less Through 5 Years Through 10 Years Through 20 Years Years Current Year % of Line 10.7 6 Prior Year Prior Year Publicly Traded Privately Placed<br />
1. U.S. Governments (Group 1)<br />
1.1 Issuer Obligations................................................................................... ............534,920,596 ............277,258,140 ............523,291,908 ............283,692,831 ..............14,803,902 ..........1,633,967,377 ...........................3.4 ..........1,300,787,066 ...........................2.7 ..........1,633,967,377 .................................<br />
1.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ..............79,441,723 ............233,636,791 ..............42,382,694 ..............32,530,359 ................2,985,792 ............390,977,359 ...........................0.8 ............422,567,766 ...........................0.9 ............390,977,360 .................................<br />
1.7 Totals...................................................................................................... ............614,362,319 ............510,894,931 ............565,674,602 ............316,223,190 ..............17,789,694 ..........2,024,944,736 ...........................4.2 ..........1,723,354,832 ...........................3.5 ..........2,024,944,737 ..............................0<br />
2. All Other Governments (Group 2)<br />
2.1 Issuer Obligations................................................................................... ................4,748,027 ............185,324,296 ..............90,941,160 ..............25,379,337 ..............99,095,399 ............405,488,219 ...........................0.8 ............459,161,640 ...........................0.9 ............336,837,918 ..............68,650,301<br />
2.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
2.3 Defined................................................................................................... ................................. ..............18,000,000 ................................. ................................. ................................. ..............18,000,000 ...........................0.0 ..............18,000,000 ...........................0.0 ................................. ..............18,000,000<br />
2.4 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
2.5 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
2.6 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
2.7 Totals...................................................................................................... ................4,748,027 ............203,324,296 ..............90,941,160 ..............25,379,337 ..............99,095,399 ............423,488,219 ...........................0.9 ............477,161,640 ...........................1.0 ............336,837,918 ..............86,650,301<br />
3. States, Territories and Possessions, Guaranteed (Group 3)<br />
3.1 Issuer Obligations................................................................................... .....................45,262 ..............13,521,397 ................4,332,619 ................7,212,228 ................................. ..............25,111,506 ...........................0.1 ..............36,226,144 ...........................0.1 ..............25,111,506 .................................<br />
3.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
3.3 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.4 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
3.5 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.6 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
3.7 Totals...................................................................................................... .....................45,262 ..............13,521,397 ................4,332,619 ................7,212,228 ..............................0 ..............25,111,506 ...........................0.1 ..............36,226,144 ...........................0.1 ..............25,111,506 ..............................0<br />
4. Political Subdivisions of States, Territories and Possessions,<br />
Guaranteed (Group 4)<br />
4.1 Issuer Obligations................................................................................... ................7,417,870 ..............16,044,654 ..............10,018,692 ..............30,013,689 ..............28,277,918 ..............91,772,823 ...........................0.2 ..............99,923,498 ...........................0.2 ..............80,504,314 ..............11,268,509<br />
4.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
4.3 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.4 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
4.5 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.6 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
4.7 Totals...................................................................................................... ................7,417,870 ..............16,044,654 ..............10,018,692 ..............30,013,689 ..............28,277,918 ..............91,772,823 ...........................0.2 ..............99,923,498 ...........................0.2 ..............80,504,314 ..............11,268,509<br />
5. Special Revenue & Special Assessment Obligations, etc.,<br />
Non-Guaranteed (Group 5)<br />
5.1 Issuer Obligations................................................................................... ................9,041,865 ..............58,949,701 ................4,743,803 ..............24,059,469 ................7,719,026 ............104,513,864 ...........................0.2 ............124,462,632 ...........................0.3 ..............88,854,876 ..............15,658,988<br />
5.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ............196,544,953 ............588,626,987 ............338,573,328 ............192,023,609 ..............82,258,982 ..........1,398,027,859 ...........................2.9 ............918,649,892 ...........................1.9 ..........1,398,027,858 .................................<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
5.3 Defined................................................................................................... ............189,003,578 ..........1,400,980,698 ..........1,440,632,696 ............810,683,760 ............103,550,806 ..........3,944,851,538 ...........................8.3 ..........3,532,499,875 ...........................7.3 ..........3,932,302,775 ..............12,548,763<br />
5.4 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
5.5 Defined................................................................................................... ................................. ................3,007,271 ................................. ................................. ................................. ................3,007,271 ...........................0.0 ................3,008,808 ...........................0.0 ................................. ................3,007,271<br />
5.6 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
5.7 Totals...................................................................................................... ............394,590,396 ..........2,051,564,657 ..........1,783,949,827 ..........1,026,766,838 ............193,528,814 ..........5,450,400,532 .........................11.4 ..........4,578,621,207 ...........................9.4 ..........5,419,185,509 ..............31,215,022
SI09<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1A - SECTION 2 (continued)<br />
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues<br />
1 2 3 4 5 6 7 8 9 10 11<br />
1 Year Over 1 Year Over 5 Years Over 10 Years Over 20 Total Column 6 as a Total from Column % from Col. 7 Total Total<br />
Distribution by Type or Less Through 5 Years Through 10 Years Through 20 Years Years Current Year % of Line 10.7 6 Prior Year Prior Year Publicly Traded Privately Placed<br />
6. Public Utilities (Unaffiliated) (Group 6)<br />
6.1 Issuer Obligations................................................................................... ............137,098,366 ..........1,596,675,386 ..........1,547,917,811 ............759,202,129 ............916,522,327 ..........4,957,416,019 .........................10.4 ..........5,016,265,898 .........................10.3 ..........3,338,719,259 ..........1,618,696,760<br />
6.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
6.3 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
6.4 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
6.5 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
6.6 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
6.7 Totals...................................................................................................... ............137,098,366 ..........1,596,675,386 ..........1,547,917,811 ............759,202,129 ............916,522,327 ..........4,957,416,019 .........................10.4 ..........5,016,265,898 .........................10.3 ..........3,338,719,259 ..........1,618,696,760<br />
7. Industrial & Miscellaneous (Unaffiliated) (Group 7)<br />
7.1 Issuer Obligations................................................................................... ..........3,566,615,266 ..........9,834,006,555 ..........9,435,452,427 ..........2,820,208,766 ..........3,357,275,267 ........29,013,558,281 .........................60.7 ........30,277,597,132 .........................62.3 ........19,431,512,566 ..........9,582,045,715<br />
7.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ...................554,414 ................3,205,503 ..............13,827,575 ............101,261,228 ................1,510,139 ............120,358,859 ...........................0.3 ............122,223,853 ...........................0.3 ..............18,700,289 ............101,658,571<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
7.3 Defined................................................................................................... ..............53,995,181 ............258,038,700 ............316,177,705 ............659,893,888 ............671,567,941 ..........1,959,673,415 ...........................4.1 ..........2,239,878,161 ...........................4.6 ..........1,940,236,217 ..............19,437,198<br />
7.4 Other....................................................................................................... ................7,526,251 ..............29,834,198 ................3,420,052 ...................717,042 ...................199,754 ..............41,697,297 ...........................0.1 ..............63,783,617 ...........................0.1 ..............36,331,147 ................5,366,149<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
7.5 Defined................................................................................................... ............269,665,348 ..........1,671,076,999 ............844,328,859 ............147,227,037 ............349,588,681 ..........3,281,886,924 ...........................6.9 ..........3,346,119,496 ...........................6.9 ..........2,250,994,810 ..........1,030,892,115<br />
7.6 Other....................................................................................................... ..............37,847,216 ............167,463,273 ..............11,934,916 ...................465,010 ................1,187,314 ............218,897,729 ...........................0.5 ............279,937,760 ...........................0.6 ............126,350,438 ..............92,547,292<br />
7.7 Totals...................................................................................................... ..........3,936,203,676 ........11,963,625,228 ........10,625,141,534 ..........3,729,772,971 ..........4,381,329,096 ........34,636,072,505 .........................72.4 ........36,329,540,019 .........................74.8 ........23,804,125,467 ........10,831,947,040<br />
8. Credit Tenant Loans (Group 8)<br />
8.1 Issuer Obligations................................................................................... ................3,664,397 ..............13,858,891 ..............22,044,206 ..............48,977,924 ...................488,524 ..............89,033,942 ...........................0.2 ..............94,111,950 ...........................0.2 ................................. ..............89,033,942<br />
8.7 Totals...................................................................................................... ................3,664,397 ..............13,858,891 ..............22,044,206 ..............48,977,924 ...................488,524 ..............89,033,942 ...........................0.2 ..............94,111,950 ...........................0.2 ..............................0 ..............89,033,942<br />
9. Parent, Subsidiaries and Affiliates (Group 9)<br />
9.1 Issuer Obligations................................................................................... ............106,894,737 ................8,412,284 ................................. ................................. ................................. ............115,307,021 ...........................0.2 ............222,201,757 ...........................0.5 ................................. ............115,307,021<br />
9.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
9.3 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.4 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
9.5 Defined................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.6 Other....................................................................................................... ................................. ................................. ................................. ................................. ................................. ..............................0 ...........................0.0 ................................. ...........................0.0 ................................. .................................<br />
9.7 Totals...................................................................................................... ............106,894,737 ................8,412,284 ..............................0 ..............................0 ..............................0 ............115,307,021 ...........................0.2 ............222,201,757 ...........................0.5 ..............................0 ............115,307,021
SI10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1A - SECTION 2 (continued)<br />
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues<br />
1 2 3 4 5 6 7 8 9 10 11<br />
1 Year Over 1 Year Over 5 Years Over 10 Years Over 20 Total Column 6 as a Total from Column % from Col. 7 Total Total<br />
Distribution by Type or Less Through 5 Years Through 10 Years Through 20 Years Years Current Year % of Line 10.7 6 Prior Year Prior Year Publicly Traded Privately Placed<br />
10. Total Bonds Current Year<br />
10.1 Issuer Obligations................................................................................... ..........4,370,446,386 ........12,004,051,304 ........11,638,742,626 ..........3,998,746,373 ..........4,424,182,363 ........36,436,169,052 .........................76.2 ..............XXX............ ..............XXX............ ........24,935,507,816 ........11,500,661,236<br />
10.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ............276,541,090 ............825,469,281 ............394,783,597 ............325,815,196 ..............86,754,913 ..........1,909,364,077 ...........................4.0 ..............XXX............ ..............XXX............ ..........1,807,705,507 ............101,658,571<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
10.3 Defined................................................................................................... ............242,998,759 ..........1,677,019,398 ..........1,756,810,401 ..........1,470,577,648 ............775,118,747 ..........5,922,524,953 .........................12.4 ..............XXX............ ..............XXX............ ..........5,872,538,992 ..............49,985,961<br />
10.4 Other....................................................................................................... ................7,526,251 ..............29,834,198 ................3,420,052 ...................717,042 ...................199,754 ..............41,697,297 ...........................0.1 ..............XXX............ ..............XXX............ ..............36,331,147 ................5,366,149<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
10.5 Defined................................................................................................... ............269,665,348 ..........1,674,084,270 ............844,328,859 ............147,227,037 ............349,588,681 ..........3,284,894,195 ...........................6.9 ..............XXX............ ..............XXX............ ..........2,250,994,810 ..........1,033,899,386<br />
10.6 Other....................................................................................................... ..............37,847,216 ............167,463,273 ..............11,934,916 ...................465,010 ................1,187,314 ............218,897,729 ...........................0.5 ..............XXX............ ..............XXX............ ............126,350,438 ..............92,547,292<br />
10.7 Totals...................................................................................................... ..........5,205,025,050 ........16,377,921,724 ........14,650,020,451 ..........5,943,548,306 ..........5,637,031,772 ........47,813,547,303 .......................100.0 ..............XXX............ ..............XXX............ ........35,029,428,710 ........12,784,118,595<br />
10.8 Line 10.7 as a % of Col. 6....................................................................... .........................10.9 .........................34.3 .........................30.6 .........................12.4 .........................11.8 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX............ .........................73.3 .........................26.7<br />
11. Total Bonds Prior Year<br />
11.1 Issuer Obligations................................................................................... ..........3,465,383,705 ........10,885,214,281 ........13,276,976,800 ..........4,601,846,277 ..........5,401,316,654 ..............XXX............ ..............XXX............ ........37,630,737,717 .........................77.5 ........24,737,328,410 ........12,893,409,304<br />
11.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ............158,320,725 ............642,991,474 ............327,261,727 ............273,583,587 ..............61,283,998 ..............XXX............ ..............XXX............ ..........1,463,441,511 ...........................3.0 ..........1,362,105,611 ............101,335,901<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
11.3 Defined................................................................................................... ............243,279,612 ..........1,458,977,462 ..........1,494,221,982 ..........1,453,205,051 ..........1,140,693,929 ..............XXX............ ..............XXX............ ..........5,790,378,036 .........................11.9 ..........5,734,436,442 ..............55,941,594<br />
11.4 Other....................................................................................................... ..............23,980,269 ..............32,318,324 ................5,380,859 ................1,748,473 ...................355,692 ..............XXX............ ..............XXX............ ..............63,783,617 ...........................0.1 ..............41,477,781 ..............22,305,836<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
11.5 Defined................................................................................................... ............222,901,453 ..........1,541,619,024 ..........1,056,980,727 ............129,429,469 ............398,197,631 ..............XXX............ ..............XXX............ ..........3,349,128,304 ...........................6.9 ..........2,341,604,028 ..........1,007,524,276<br />
11.6 Other....................................................................................................... ..............53,419,566 ............170,129,270 ..............54,989,304 ................1,389,851 .......................9,769 ..............XXX............ ..............XXX............ ............279,937,760 ...........................0.6 ............176,238,965 ............103,698,795<br />
11.7 Totals...................................................................................................... ..........4,167,285,330 ........14,731,249,835 ........16,215,811,399 ..........6,461,202,708 ..........7,001,857,673 ..............XXX............ ..............XXX............ ........48,577,406,945 .......................100.0 ........34,393,191,237 ........14,184,215,706<br />
11.8 Line 11.7 as a % of Col. 8....................................................................... ...........................8.6 .........................30.3 .........................33.4 .........................13.3 .........................14.4 ..............XXX............ ..............XXX............ .......................100.0 ..............XXX............ .........................70.8 .........................29.2<br />
12. Total Publicly Traded Bonds<br />
12.1 Issuer Obligations................................................................................... ..........3,409,643,370 ..........8,193,350,690 ..........7,191,221,353 ..........2,349,599,885 ..........3,791,692,518 ........24,935,507,816 .........................52.2 ........24,737,328,410 .........................50.9 ........24,935,507,816 ..............XXX............<br />
12.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ............276,382,900 ............824,701,581 ............393,404,352 ............226,462,984 ..............86,753,691 ..........1,807,705,508 ...........................3.8 ..........1,362,105,611 ...........................2.8 ..........1,807,705,508 ..............XXX............<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
12.3 Defined................................................................................................... ............243,552,476 ..........1,658,312,320 ..........1,754,613,295 ..........1,442,025,569 ............774,035,331 ..........5,872,538,991 .........................12.3 ..........5,734,436,442 .........................11.8 ..........5,872,538,991 ..............XXX............<br />
12.4 Other....................................................................................................... ................5,452,879 ..............27,715,855 ................2,993,670 ...................164,723 .......................4,020 ..............36,331,147 ...........................0.1 ..............41,477,781 ...........................0.1 ..............36,331,147 ..............XXX............<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
12.5 Defined................................................................................................... ............166,340,477 ..........1,160,060,813 ............515,677,138 ............113,107,296 ............295,809,085 ..........2,250,994,809 ...........................4.7 ..........2,341,604,028 ...........................4.8 ..........2,250,994,809 ..............XXX............<br />
12.6 Other....................................................................................................... ..............32,297,849 ..............89,068,885 ................3,714,935 .....................81,455 ................1,187,314 ............126,350,438 ...........................0.3 ............176,238,965 ...........................0.4 ............126,350,438 ..............XXX............<br />
12.7 Totals...................................................................................................... ..........4,133,669,951 ........11,953,210,144 ..........9,861,624,743 ..........4,131,441,912 ..........4,949,481,959 ........35,029,428,709 .........................73.3 ........34,393,191,237 .........................70.8 ........35,029,428,709 ..............XXX............<br />
12.8 Line 12.7 as a % of Col. 6....................................................................... .........................11.8 .........................34.1 .........................28.2 .........................11.8 .........................14.1 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX............ .......................100.0 ..............XXX............<br />
12.9 Line 12.7 as a % of Line 10.7, Col. 6, Section 10.................................... ...........................8.6 .........................25.0 .........................20.6 ...........................8.6 .........................10.4 .........................73.3 ..............XXX............ ..............XXX............ ..............XXX............ .........................73.3 ..............XXX............<br />
13. Total Privately Placed Bonds<br />
13.1 Issuer Obligations................................................................................... ............960,803,015 ..........3,810,700,615 ..........4,447,521,273 ..........1,649,146,489 ............632,489,846 ........11,500,661,238 .........................24.1 ........12,893,409,304 .........................26.5 ..............XXX............ ........11,500,661,238<br />
13.2 Single Class Mortgage-Backed/Asset-Backed Securities......................... ...................158,266 ...................768,003 ................1,379,610 ..............99,352,693 ................................. ............101,658,572 ...........................0.2 ............101,335,901 ...........................0.2 ..............XXX............ ............101,658,572<br />
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:<br />
13.3 Defined................................................................................................... ...................163,143 ..............18,707,078 ................2,197,107 ..............27,835,218 ................1,083,416 ..............49,985,962 ...........................0.1 ..............55,941,594 ...........................0.1 ..............XXX............ ..............49,985,962<br />
13.4 Other....................................................................................................... ................2,073,361 ................2,118,353 ...................426,382 ...................552,319 ...................195,734 ................5,366,149 ...........................0.0 ..............22,305,836 ...........................0.0 ..............XXX............ ................5,366,149<br />
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/<br />
ASSET-BACKED SECURITIES:<br />
13.5 Defined................................................................................................... ............101,699,562 ............514,023,458 ............328,651,721 ..............34,119,741 ..............55,404,904 ..........1,033,899,386 ...........................2.2 ..........1,007,524,276 ...........................2.1 ..............XXX............ ..........1,033,899,386<br />
13.6 Other....................................................................................................... ................5,549,367 ..............78,394,388 ................8,219,981 ...................383,555 ................................. ..............92,547,291 ...........................0.2 ............103,698,795 ...........................0.2 ..............XXX............ ..............92,547,291<br />
13.7 Totals...................................................................................................... ..........1,070,446,714 ..........4,424,711,895 ..........4,788,396,074 ..........1,811,390,015 ............689,173,900 ........12,784,118,598 .........................26.7 ........14,184,215,706 .........................29.2 ..............XXX............ ........12,784,118,598<br />
13.8 Line 13.7 as a % of Col. 6....................................................................... ...........................8.4 .........................34.6 .........................37.5 .........................14.2 ...........................5.4 .......................100.0 ..............XXX............ ..............XXX............ ..............XXX............ ..............XXX............ .......................100.0<br />
13.9 Line 13.7 as a % of Line 10.7, Col. 6, Section 10.................................... ...........................2.2 ...........................9.3 .........................10.0 ...........................3.8 ...........................1.4 .........................26.7 ..............XXX............ ..............XXX............ ..............XXX............ ..............XXX............ .........................26.7
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DA - VERIFICATION BETWEEN YEARS<br />
Short-Term Investments<br />
1 2 3 4 5<br />
Other Short-term<br />
Investments in<br />
Mortgage Investment Parent, Subsidiaries<br />
Total Bonds Loans Assets (a) and Affiliates<br />
1. Book/adjusted carrying value December 31 of prior year...................................................................................................... ........................................493,763,531 ........................................493,763,531 ............................................................. ............................................................. .............................................................<br />
2. Cost of short-term investments acquired................................................................................................................................ ...................................14,162,920,518 ...................................14,162,920,518 ............................................................. ............................................................. .............................................................<br />
3. Accrual of discount................................................................................................................................................................. ..........................................................0 ............................................................. ............................................................. ............................................................. .............................................................<br />
4. Unrealized valuation increase (decrease).............................................................................................................................. ..........................................................0 ............................................................. ............................................................. ............................................................. .............................................................<br />
5. Total gain (loss) on disposals................................................................................................................................................. .................................................54,162 .................................................54,162 ............................................................. ............................................................. .............................................................<br />
6. Deduct consideration received on disposals.......................................................................................................................... ...................................13,594,721,567 ...................................13,594,721,567 ............................................................. ............................................................. .............................................................<br />
SI11<br />
7. Deduct amortization of premium............................................................................................................................................ ..........................................................0 ............................................................. ............................................................. ............................................................. .............................................................<br />
8. Total foreign exchange change in book/adjusted carrying value........................................................................................... ..........................................................0 ............................................................. ............................................................. ............................................................. .............................................................<br />
9. Deduct current year's other than temporary impairment recognized...................................................................................... ..........................................................0 ............................................................. ............................................................. ............................................................. .............................................................<br />
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9).............................................................. .....................................1,062,016,644 .....................................1,062,016,644 ..........................................................0 ..........................................................0 ..........................................................0<br />
11. Deduct total nonadmitted amounts......................................................................................................................................... ..........................................................0 ............................................................. ............................................................. ............................................................. .............................................................<br />
12. Statement value at end of current period (Line 10 minus Line 11)......................................................................................... .....................................1,062,016,644 .....................................1,062,016,644 ..........................................................0 ..........................................................0 ..........................................................0<br />
(a) Indicate the category of such assets, for example, joint ventures, transportation equipment:..........................................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - VERIFICATION BETWEEN YEARS<br />
Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned<br />
1. Book value, December 31, prior year (Line 8, prior year)......................................................................................................................................................................... 165,471,875<br />
2. Cost/option premium (Section 2, Column 7)............................................................................................................................................................................................. 116,605,196<br />
3. Increase/(decrease) by adjustment (Section 1, Column 12) plus (Section 3, Column 13)........................................................................................................................<br />
4. Gain/(loss) on termination:<br />
4.1 Recognized (Section 3, Column 14).............................................................................................................................................. (106,280,594)<br />
4.2 Used to adjust basis of hedged item (Section 3, Column 15)........................................................................................................ (106,280,594)<br />
5. Consideration received on terminations (Section 3, Column 12).............................................................................................................................................................. 20,888,919<br />
6. Used to adjust basis on open contracts (Section 1, Column 13)..............................................................................................................................................................<br />
7. Disposition of deferred amount on contracts terminated in prior year:<br />
7.1 Recognized....................................................................................................................................................................................<br />
7.2 Used to adjust basis of hedged item.............................................................................................................................................. 0<br />
8. Book value, December 31, current year (Lines 1 + 2 + 3 + 4 - 5 - 6 - 7)................................................................................................................................................... 154,907,557<br />
SCHEDULE DB - PART B - VERIFICATION BETWEEN YEARS<br />
Options, Caps, Floors and <strong>Insurance</strong> Futures Options Written<br />
1. Book value, December 31, prior year (Line 8, prior year)......................................................................................................................................................................... 223,708<br />
2. Consideration received (Section 2, Column 7)..........................................................................................................................................................................................<br />
3. Increase/(decrease) by adjustment (Section 1, Column 12) plus (Section 3, Column 13)........................................................................................................................<br />
4. Gain/(loss) on termination:<br />
4.1 Recognized (Section 3, Column 14)..............................................................................................................................................<br />
4.2 Used to adjust basis (Section 3, Column 15)................................................................................................................................. 0<br />
5. Consideration paid on terminations (Section 3, Column 12).....................................................................................................................................................................<br />
6. Used to adjust basis on open contracts (Section 1, Column 13)..............................................................................................................................................................<br />
7. Disposition of deferred amount on contracts terminated in prior year:<br />
7.1 Recognized....................................................................................................................................................................................<br />
7.2 Used to adjust basis....................................................................................................................................................................... 0<br />
8. Book value, December 31, current year.................................................................................................................................................................................................... 223,708<br />
SI12
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART C - VERIFICATION BETWEEN YEARS<br />
Swaps and Forwards<br />
1. Book value, December 31, prior year (Line 8, prior year)......................................................................................................................................................................... 33,218<br />
2. Cost or (consideration received) (Section 2, Column 7)...........................................................................................................................................................................<br />
3. Increase/(decrease) by adjustment (Section 1, Column 12) plus (Section 3, Column 13)........................................................................................................................ (33,218)<br />
4. Gain/(loss) on termination:<br />
4.1 Recognized (Section 3, Column 14).............................................................................................................................................. 1,096,500<br />
4.2 Used to adjust basis of hedged item (Section 3, Column 15)........................................................................................................ (1,962,600) (866,100)<br />
5. Consideration received (or paid) on terminations (Section 3, Column 12)................................................................................................................................................ (866,100)<br />
6. Used to adjust basis of hedged item on open contracts (Section 1, Column 13)......................................................................................................................................<br />
7. Disposition of deferred amount on contracts terminated in prior year:<br />
7.1 Recognized....................................................................................................................................................................................<br />
7.2 Used to adjust basis of hedged item.............................................................................................................................................. 0<br />
8. Book value, December 31, current year (Lines 1 + 2 + 3 + 4 - 5 - 6 - 7)................................................................................................................................................... 0<br />
SCHEDULE DB - PART D - VERIFICATION BETWEEN YEARS<br />
Futures Contracts and <strong>Insurance</strong> Futures Contracts<br />
1. Book value, December 31, prior year (Line 8, prior year).........................................................................................................................................................................<br />
2. Change in total variation margin on open contracts (difference between years - Section 1, Column 6)...................................................................................................<br />
3.1 Change in variation margin on open contracts used to adjust basis of hedged item (Section 1, Column 11)..........................................................................................<br />
3.2 Change in variation margin on open contracts recognized (difference between years - Section 1, Column 10)......................................................................................<br />
4.1 Variation margin on contracts terminated during the year (Section 3, Column 6)...................................................................................<br />
4.2 Less:<br />
4.21 Gain/(loss) recognized in current year (Section 3, Column 11)........................................................<br />
4.22 Gain/(loss) used to adjust basis of hedge (Section 3, Column 12)................................................... 0<br />
4.3 Subtotal (Line 4.1 minus Line 4.2)............................................................................................................................................................................................................ 0<br />
5.1 Net additions to cash deposits (Section 2, Column 7).............................................................................................................................<br />
5.2 Less: Net reductions to cash deposits (Section 3, Column 9)................................................................................................................ 0<br />
6. Subtotal (Lines 1 - 2 + 3.1 + 3.2 - 4.3 + 5.2)............................................................................................................................................................................................. 0<br />
7. Disposition of gain/(loss) on contracts terminated in prior year:<br />
7.1 Recognized....................................................................................................................................................................................<br />
7.2 Used to adjust basis of hedged item.............................................................................................................................................. 0<br />
8. Book value, December 31, current year (Lines 6 + 7.1 + 7.2).................................................................................................................................................................. 0<br />
SCHEDULE DB - PART E - VERIFICATION<br />
Statement Value and Fair Value of Open Contracts<br />
1. Part A, Section 1, Column 10................................................................................................................................................................... 31,236,216<br />
2. Part B, Section 1, Column 10...................................................................................................................................................................<br />
3. Part C, Section 1, Column 10.................................................................................................................................................................. (26,603,731)<br />
4. Part D, Section 1, Column 9 - 12.............................................................................................................................................................<br />
Statement Value<br />
5. Lines (1) - (2) + (3) + (4)............................................................................................................................................................................................................................ 4,632,485<br />
6. Part E, Section 1, Column 4..................................................................................................................................................................... 66,531,705<br />
7. Part E, Section 1, Column 5..................................................................................................................................................................... (61,899,220)<br />
8. Lines (5) - (6) - (7)..................................................................................................................................................................................................................................... (0)<br />
Fair Value<br />
9. Part A, Section 1, Column 11................................................................................................................................................................... 31,236,216<br />
10. Part B, Section 1, Column 11...................................................................................................................................................................<br />
11. Part C, Section 1, Column 11.................................................................................................................................................................. 83,884,242<br />
12. Part D, Section 1, Column 9....................................................................................................................................................................<br />
13. Lines (9) - (10) + (11) + (12)...................................................................................................................................................................................................................... 115,120,458<br />
14. Part E, Section 1, Column 7..................................................................................................................................................................... 169,178,660<br />
15. Part E, Section 1, Column 8..................................................................................................................................................................... (54,058,202)<br />
16. Lines (13) - (14) - (15)............................................................................................................................................................................................................................... (0)<br />
SI13
SI14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART F - SECTION 1<br />
Replicated (Synthetic) Assets Open<br />
Replicated (Synthetic) Asset<br />
Components of the Replicated (Synthetic) Asset<br />
1 2 3 4 5 Derivative Instruments Open Cash Instrument(s) Held<br />
Replication 6 7 8 9 10 11 12<br />
RSAT NAIC Designation Statement Fair Fair Statement Fair NAIC Designation<br />
Number Description or Other Description Value Value Description Value CUSIP Description Value Value or Other Description<br />
Replicated Assets Open<br />
06051AA*3............ A credit default swap is being paired with a............... 1............................ ........13,257,855 ........13,475,727 Credit Default Swap (Short)..................................... ............(540,093) 81413P AG 0 SECURITY CAPITAL GROUP INC.......................... ........13,797,948 ........14,015,820 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
00079FA*3............. A credit default swap is being paired with a............... 1............................ ........10,004,275 ........10,043,310 Credit Default Swap (Short)..................................... ............(290,028) 3128X2 XL 4 FEDERAL HOME LOAN MTG CORP MTN............. ........10,294,303 ........10,333,338 1............................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
775109A*2............. A credit default swap is being paired with a............... 1............................ ..........9,685,964 ..........6,598,025 Credit Default Swap (Short)..................................... ............(290,000) 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST....... ..........9,975,964 ..........6,888,025 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
984121B#9............ A credit default swap is being paired with a............... 1............................ ..........9,545,964 ..........6,458,025 Credit Default Swap (Short)..................................... ............(430,000) 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST....... ..........9,975,964 ..........6,888,025 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
22303QA*1............ A credit default swap is being paired with a............... 1............................ ..........9,683,720 ..........6,595,781 Credit Default Swap (Short)..................................... ............(292,244) 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST....... ..........9,975,964 ..........6,888,025 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
902133A*8............. A credit default swap is being paired with a............... 1............................ ..........9,382,954 ..........6,295,015 Credit Default Swap (Short)..................................... ............(593,010) 17305E DT 9 CITIBANK CREDIT CARD ISSUANCE TRUST....... ..........9,975,964 ..........6,888,025 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
0............................. A credit default swap is being paired with a............... 1............................ ........12,675,802 ........10,967,836 Credit Default Swap (Short)..................................... .......(13,735,769) 03027W AA 0 AMERICAN TOWER TR I 07-1 AFX 144A CMBS... ........26,411,571 ........24,703,605 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
302915A*4............. A credit default swap is being paired with a............... 1............................ ..........6,488,919 ..........6,817,711 Credit Default Swap (Short)..................................... .......(10,502,500) 38373M CE 8 GNMA....................................................................... ........16,991,419 ........17,320,211 1............................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
G3295@AA7......... A credit default swap is being paired with a............... 1............................ ........12,827,014 ..........5,128,749 Credit Default Swap (Short)..................................... .........(7,657,851) 03027W AE 2 AMERICAN TOWER TR I........................................ ........20,484,865 ........12,786,600 2FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART F - SECTION 1<br />
Replicated (Synthetic) Assets Open<br />
Replicated (Synthetic) Asset<br />
Components of the Replicated (Synthetic) Asset<br />
1 2 3 4 5 Derivative Instruments Open Cash Instrument(s) Held<br />
Replication 6 7 8 9 10 11 12<br />
RSAT NAIC Designation Statement Fair Fair Statement Fair NAIC Designation<br />
Number Description or Other Description Value Value Description Value CUSIP Description Value Value or Other Description<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
55262CA@9.......... A credit default swap is being paired with a............... 1............................ ........10,315,597 ..........8,467,055 Credit Default Swap (Short)..................................... .......(10,727,699) 22541N MR 7 CS FIRST BOSTON MTG........................................ ........21,043,296 ........19,194,754 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... ................................................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
78442PK#2............ A credit default swap is being paired with a............... 1............................ ........11,347,056 ........11,902,808 Credit Default Swap (Short)..................................... .........(5,675,420) 36228C JX 2 GS MTG SECS CORP II.......................................... ........17,022,476 ........17,578,228 1FE.........................<br />
............................... host (cash) instrument to replicate the characteristics ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... of a reference security in exchange for receiving....... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
............................... a quarterly premium................................................... ............................... ........................... ........................... ................................................................................. ........................... ................................................................................. ........................... ........................... ...............................<br />
9999999. Total............................................................................................................. ......115,215,120 ........92,750,042 ..........................XXX................................................ .......(50,734,614) ...........XXX........ ..........................XXX................................................ ......165,949,734 ......143,484,656 ..........XXX..............<br />
SI14.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART F - SECTION 2<br />
Reconciliation of Replicated (Synthetic) Assets Open<br />
First Quarter Second Quarter Third Quarter Fourth Quarter Year-To-Date<br />
1 2 3 4 5 6 7 8 9 10<br />
Number Total Replicated Number Total Replicated Number Total Replicated Number Total Replicated Number Total Replicated<br />
of (Synthetic) Assets of (Synthetic) Assets of (Synthetic) Assets of (Synthetic) Assets of (Synthetic) Assets<br />
Positions Statement Value Positions Statement Value Positions Statement Value Positions Statement Value Positions Statement Value<br />
1. Beginning Inventory....................................................................... ...................................6 ...................64,088,406 ...................................6 ...................63,234,123 ...................................7 ...................76,510,752 ...................................7 ...................72,107,902 ...................................6 ...................64,088,406<br />
2. Add: Opened or acquired transactions......................................... ...................................... ...................................... ...................................1 ...................12,921,855 ...................................... ...................................... ...................................4 ...................40,978,586 ...................................5 ...................53,900,441<br />
3. Add: Increases in replicated asset<br />
statement value................................................................... ..............XXX................. ........................231,769 ..............XXX................. ........................387,599 ..............XXX................. ..........................85,913 ..............XXX................. .....................3,987,042 ..............XXX................. .....................4,692,323<br />
4. Less: Closed or disposed of transactions....................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0<br />
5. Less: Positions disposed of for<br />
failing effectiveness criteria.................................................. ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................... ...................................0 ...................................0<br />
6. Less: Decreases in replicated (synthetic)<br />
asset statement value.......................................................... ..............XXX................. .....................1,086,052 ..............XXX................. ..........................32,825 ..............XXX................. .....................4,488,763 ..............XXX................. .....................1,858,410 ..............XXX................. .....................7,466,050<br />
7. Ending inventory............................................................................ ...................................6 ...................63,234,123 ...................................7 ...................76,510,752 ...................................7 ...................72,107,902 .................................11 .................115,215,120 .................................11 .................115,215,120<br />
SI15
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE E- VERIFICATION BETWEEN YEARS<br />
Cash Equivalents<br />
1 2 3<br />
Total Bonds Other (a)<br />
1. Book/adjusted carrying value, December 31 of prior year.................................................................. .........................679,595,088 .........................679,595,088 ..............................................<br />
2. Cost of cash equivalents acquired...................................................................................................... ....................47,466,176,050 ....................47,466,176,050 ..............................................<br />
3. Accrual of discount.............................................................................................................................. .........................................23 .........................................23 ..............................................<br />
4. Unrealized valuation increase (decrease)........................................................................................... ...........................................0 .............................................. ..............................................<br />
5. Total gain (loss) on disposals.............................................................................................................. ....................................3,586 ....................................3,586 ..............................................<br />
6. Deduct consideration received on disposals....................................................................................... ....................46,739,670,895 ....................46,739,670,895 ..............................................<br />
7. Deduct amortization of premium......................................................................................................... ....................................2,753 ....................................2,753 ..............................................<br />
8. Total foreign exchange change in book/adjusted carrying value........................................................ ...........................................0 .............................................. ..............................................<br />
9. Deduct current year's other than temporary impairment recognized.................................................. ...........................................0 .............................................. ..............................................<br />
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9)........................... ......................1,406,101,099 ......................1,406,101,099 ...........................................0<br />
11. Deduct total nonadmitted amounts..................................................................................................... ...........................................0 .............................................. ..............................................<br />
12. Statement value at end of current period (Line 10 minus Line 11)..................................................... ......................1,406,101,099 ......................1,406,101,099 ...........................................0<br />
(a)<br />
Indicate the category of such investments, for example, joint ventures, transportation equipment:...<br />
SI16
E01<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE A - PART 1<br />
Showing all Real Estate OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value Less Encumbrances 16 17<br />
3 4 11 12 13 14 15<br />
Current<br />
Year's Total Gross Income Taxes,<br />
Book/Adjusted Other Than Current Total Foreign Earned Repairs,<br />
Date of Carrying Value Fair Value Current Temporary Year's Change in Exchange Less Interest and<br />
Description of Date Last Amount of Less Less Year's Impairment Change in B./A.C.V Change in Incurred on Expenses<br />
Property Code City State Acquired Appraisal Actual Cost Encumbrances Encumbrances Encumbrances Depreciation Recognized Encumbrances (13 - 11 - 12) B./A.C.V Encumbrances Incurred<br />
Properties Occupied by the Reporting Entity - Administrative<br />
4905 Office Building......................................................................... ......... Omaha................................ NE... 12/31/1999 05/31/2006 ........10,549,232 ......................... ..........4,118,728 ........11,059,893 ...........283,600 ......................... ......................... ..........(283,600) ......................... ........1,647,513 ........1,930,428<br />
4910 Office Building......................................................................... ......... Omaha................................ NE... 12/31/1999 05/31/2006 ........10,226,854 ......................... ..........5,383,152 ........14,037,015 ...........272,098 ......................... ......................... ..........(272,098) ......................... ........1,202,237 ...........219,621<br />
4930 Office Building......................................................................... ......... Omaha................................ NE... 12/31/1999 05/31/2006 ..........6,757,694 ......................... ..........2,015,579 ..........7,403,093 ...........157,948 ......................... ......................... ..........(157,948) ......................... ........1,043,248 ...........374,344<br />
5040 Office Building......................................................................... ......... Greensboro........................ NC... 12/31/1923 05/31/2006 ..........6,408,293 ......................... ..........2,391,049 ..........4,900,000 ...........223,720 ......................... ......................... ..........(223,720) ......................... ...........890,987 ...........532,416<br />
5045 Parking Lot.............................................................................. ......... Greensboro........................ NC... 12/31/1983 05/31/2006 .............220,573 ......................... .............177,222 .............393,200 ......................... ......................... ......................... ......................0 ......................... ......................... ...............5,693<br />
5110 Office Building......................................................................... ......... Greensboro........................ NC... 05/02/1917 05/31/2006 ..........7,931,402 ......................... .............592,847 ........10,878,700 .............12,738 ......................... ......................... ............(12,738) ......................... ........2,148,771 ........1,268,658<br />
5115 Parking Garage....................................................................... ......... Greensboro........................ NC... 12/29/1972 05/31/2006 ..........6,844,083 ......................... ..........4,439,754 ..........6,268,600 ...........109,577 ......................... ......................... ..........(109,577) ......................... .............20,350 ...........258,267<br />
5120 Office Building......................................................................... ......... Greensboro........................ NC... 02/28/1947 05/31/2006 ........33,564,913 ......................... ........19,142,342 ........36,880,400 ...........808,917 ......................... ......................... ..........(808,917) ......................... ........4,054,320 ........2,066,865<br />
5125 Office Building......................................................................... ......... Greensboro........................ NC... 10/22/1981 05/31/2006 ..........1,962,306 ......................... ..........1,346,237 ..........1,100,000 .............29,057 ......................... ......................... ............(29,057) ......................... ...........378,025 ...........151,479<br />
5130 Parking Garage....................................................................... ......... Greensboro........................ NC... 06/30/1989 05/31/2006 ..........1,387,389 ......................... ..........1,110,272 ..........1,282,400 ..................636 ......................... ......................... .................(636) ......................... ......................... ...............6,927<br />
5135 Office Building......................................................................... ......... Greensboro........................ NC... 12/31/1985 05/31/2006 ..........3,068,235 ......................... ..........1,175,673 ..........2,280,000 .............80,597 ......................... ......................... ............(80,597) ......................... ...........465,570 ...........624,539<br />
5140 Condominium.......................................................................... ......... Atlanta................................ GA... 12/31/2000 05/31/2006 .............637,174 ......................... .............505,757 .............560,000 .............15,929 ......................... ......................... ............(15,929) ......................... ......................... .............21,581<br />
5145 Office Building......................................................................... ......... Concord.............................. NH... 12/31/1975 05/31/2006 ........10,128,614 ......................... ..........4,125,333 ..........6,400,000 ...........236,461 ......................... ......................... ..........(236,461) ......................... ........3,119,062 ........2,028,210<br />
Home Office Properties - Parking Lots............................................. ......... Fort Wayne......................... IN..... .................. .................. ..........1,030,668 ......................... .............625,591 ........................... ...............6,159 ......................... ......................... ..............(6,159) ......................... ...........132,225 .........................<br />
0299999. Properties Occupied by the Reporting Entity - Administrative...................................................................................................... ......100,717,431 ......................0 ........47,149,535 ......103,443,301 ........2,237,439 ......................0 ......................0 .......(2,237,439) ......................0 ......15,102,308 ........9,489,027<br />
0399999. Total - Properties Occupied by the Reporting Entity.................................................................................................................... ......100,717,431 ......................0 ........47,149,535 ......103,443,301 ........2,237,439 ......................0 ......................0 .......(2,237,439) ......................0 ......15,102,308 ........9,489,027<br />
Properties Held for the Production of Income<br />
1960 Industrial Park......................................................................... ......... El Paso............................... TX.... 10/29/1993 12/23/2005 ........23,075,715 ......................... ........13,909,673 ........17,277,128 ........1,053,950 ......................... ......................... .......(1,053,950) ......................... ........2,460,475 ...........916,902<br />
3970 Office Buildings....................................................................... ......... Scottsdale........................... AZ.... 02/24/2000 12/22/2005 ........39,576,436 ......................... ........27,814,822 ........44,000,000 ........1,569,073 ......................... ......................... .......(1,569,073) ......................... ........5,655,726 ........2,383,457<br />
4425 Industrial Building.................................................................... ......... Portage............................... IN..... 10/05/2004 12/08/2005 ........15,098,402 ......................... ........13,210,203 ........15,000,000 ...........634,225 ......................... ......................... ..........(634,225) ......................... ........1,372,556 ...........476,297<br />
4915 Drug Store............................................................................... ......... Birmingham........................ AL.... 12/31/1999 05/31/2006 ..........3,305,692 ......................... ..........2,625,217 ..........4,075,000 .............71,628 ......................... ......................... ............(71,628) ......................... ...........289,260 ..............(4,928)<br />
4925 Office Building......................................................................... ......... Prospect Heights................ IL..... 12/31/1985 05/31/2006 ........22,185,890 ......................... ..........3,187,681 ........22,185,889 ...........554,647 ......................... ......................... ..........(554,647) ......................... ...........988,670 ........1,190,645<br />
4985 Drug Store............................................................................... ......... Hermitage........................... TN... 12/31/1997 05/31/2006 ..........2,817,373 ......................... ..........2,427,595 ..........3,665,000 .............35,434 ......................... ......................... ............(35,434) ......................... ...........260,000 .............22,799<br />
4990 Drug Store............................................................................... ......... Austin................................. TX.... 12/31/1998 05/31/2006 ..........2,646,306 ......................... ..........2,171,861 ..........3,175,000 .............47,408 ......................... ......................... ............(47,408) ......................... ...........268,983 .............59,513<br />
4995 Drug Store............................................................................... ......... Humble............................... TX.... 12/31/1998 05/31/2006 ..........2,346,334 ......................... ..........1,962,830 ..........2,820,000 .............33,658 ......................... ......................... ............(33,658) ......................... ...........260,172 .............61,150<br />
5000 Drug Store............................................................................... ......... Baytown.............................. TX.... 12/31/1998 05/31/2006 ..........2,471,276 ......................... ..........2,057,531 ..........2,975,000 .............41,782 ......................... ......................... ............(41,782) ......................... ...........263,434 .............60,713<br />
5005 Drug Store............................................................................... ......... Alvin.................................... TX.... 12/31/1998 05/31/2006 ..........2,293,932 ......................... ..........1,876,810 ..........2,800,000 .............37,348 ......................... ......................... ............(37,348) ......................... ...........239,290 .............53,119<br />
5080 Land........................................................................................ ......... Greensboro........................ NC... 12/31/1974 05/31/2006 ......................70 ......................... ......................70 ........................... ......................... ......................... ......................... ......................0 ......................... ......................... .........................<br />
05285 Land...................................................................................... ......... Phoenix.............................. AZ.... 11/07/2008 12/18/2008 ........13,354,629 ......................... ........10,000,000 ........10,000,000 ......................... ........3,354,629 ......................... .......(3,354,629) ......................... ......................... .........................<br />
0499999. Total - Properties Held for the Production of Income................................................................................................................... ......129,172,054 ......................0 ........81,244,294 ......127,973,017 ........4,079,154 ........3,354,629 ......................0 .......(7,433,783) ......................0 ......12,058,564 ........5,219,668<br />
Properties Held for Sale<br />
4585 Condominiums........................................................................ ......... Atlanta................................ GA... 10/27/2004 12/29/2005 ........15,671,349 ......................... ........14,882,898 ........14,882,898 ......................... ......................... ......................... ......................0 ......................... ...............5,366 ...........938,960<br />
0599999. Total - Properties Held for Sale.................................................................................................................................................... ........15,671,349 ......................0 ........14,882,898 ........14,882,898 ......................0 ......................0 ......................0 ......................0 ......................0 ...............5,366 ...........938,960<br />
0699999. Totals............................................................................................................................................................................................ ......245,560,833 ......................0 ......143,276,726 ......246,299,216 ........6,316,593 ........3,354,629 ......................0 .......(9,671,223) ......................0 ......27,166,238 ......15,647,654
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE A - PART 2<br />
Showing all Real Estate ACQUIRED and Additions Made During the Year<br />
1 Location 4 5 6 7 8 9<br />
2 3 Book/Adjusted Additional<br />
Actual Cost Carrying Value Investment<br />
Date at Time Amount of Less Made After<br />
Description of Property City State Acquired Name of Vendor of Acquisition Encumbrances Encumbrances Acquisition<br />
Acquired by Purchase<br />
1960 Industrial Park....................................................................................... El Paso..................................................... TX................ ..10/29/1993... ................................................................................................................... ......................................... ......................................... ......................................... ........................2,081,714<br />
3970 Office Buildings..................................................................................... Scottsdale................................................ AZ................ ..02/24/2000... ................................................................................................................... ......................................... ......................................... ......................................... ..........................(691,509)<br />
4260 Apartment Complex.............................................................................. Naperville................................................. IL.................. ..07/30/2004... ................................................................................................................... ......................................... ......................................... ......................................... .............................17,102<br />
4410 Apartment Complex.............................................................................. Denver..................................................... CO................ ..02/04/2005... ................................................................................................................... ......................................... ......................................... ......................................... .............................15,360<br />
4425 Industrial Building.................................................................................. Portage.................................................... IN................. ..10/05/2004... ................................................................................................................... ......................................... ......................................... ......................................... ...........................289,991<br />
4585 Condominiums...................................................................................... Atlanta...................................................... GA................ ..10/27/2004... ................................................................................................................... ......................................... ......................................... ......................................... .............................38,411<br />
4965 Industrial Building.................................................................................. Greensboro.............................................. NC................ ..02/06/1962... ................................................................................................................... ......................................... ......................................... ......................................... ...........................104,512<br />
5025 Industrial Building.................................................................................. Irving........................................................ TX................ ..12/31/1999... ................................................................................................................... ......................................... ......................................... ......................................... .............................76,341<br />
05285 Land.................................................................................................... Phoenix.................................................... AZ................ ..11/07/2008... WBC Partners LLC.................................................................................... ......................13,318,750 ......................................... ......................10,000,000 .............................35,879<br />
Home Office Properties - Improvments......................................................... Fort Wayne.............................................. IN................. ..12/31/2008... ................................................................................................................... ......................................... ......................................... ......................................... .............................42,000<br />
0199999. Total - Acquired by Purchase............................................................................................................................................................................ ................................................................................................................... ......................13,318,750 ......................................0 ......................10,000,000 ........................2,009,800<br />
0399999. Totals................................................................................................................................................................................................................. ................................................................................................................... ......................13,318,750 ......................................0 ......................10,000,000 ........................2,009,800<br />
E02
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE A - PART 3<br />
Showing all Real Estate DISPOSED During the Year, Including Payments During the Final Year on "Sales under Contract"<br />
1 Location 4 5 6 7 8 Change in Book/Adjusted Carrying Value Less Encumbrances 14 15 16 17 18 19 20<br />
2 3 Book 9 10 11 12 13<br />
Expended for Adjusted Current<br />
Additions, Carrying Year's Total Gross Income Taxes,<br />
Permanent Value Other Than Current Total Foreign Book/Adjusted Amounts Foreign Earned Repairs,<br />
Improvements Less Current Temporary Year's Change in Exchange Carrying Value Received Exchange Realized Total Less Interest and<br />
Disposal and Changes in Encumbrances Year's Impairment Change in B./A. C. V. Change in Less During Gain (Loss) Gain (Loss) Gain (Loss) Incurred on Expenses<br />
Description of Property City State Date Name of Purchaser Actual Cost Encumbrances Prior Year Depreciation Recognized Encumbrances (11 - 9 - 10) B./A. C. V. Encumbrances Year on Disposal on Disposal on Disposal Encumbrances Incurred<br />
Property Disposed<br />
4260 Apartment Complex................................................ Naperville............... IL.... 01/09/2008.. 7501 Gladstone Drive Apts Investors..... ...31,928,745 ............17,102 ......29,612,858 ...................... ..................... ...................... ...................0 ...................... ......29,629,960 ...38,601,842 ...................... .....8,971,882 .....8,971,882 ..........58,734 ........258,791<br />
4410 Apartment Complex................................................ Denver.................... CO.. 02/01/2008.. Mira Vista Apartments LLC.................... ...24,465,748 ............15,217 ......22,806,019 ...................... ..................... ...................... ...................0 ...................... ......22,821,379 ...29,821,193 ...................... .....6,999,814 .....6,999,814 ........191,058 ........255,393<br />
4585 Condominiums....................................................... Atlanta.................... GA.. Various........ Various.................................................... .....5,949,453 ............11,747 ........5,606,540 ...................... ..................... ...................... ...................0 ...................... ........5,618,287 .....5,745,678 ...................... ........127,390 ........127,390 ...................... ..........88,126<br />
4920 Office Building........................................................ Salina...................... CA.. 03/24/2008.. Queenscare............................................ ...17,354,030 ........................ ........8,776,624 ..........72,308 ..................... ...................... .........(72,308) ...................... ........8,704,315 ...42,389,308 ...................... ...33,684,993 ...33,684,993 ........750,090 ..........26,556<br />
4950 Shopping Center..................................................... Largo...................... FL... 06/25/2008.. Equity Investment Group........................ .....5,109,474 ........................ ........2,515,107 ..........54,706 ..................... ...................... .........(54,706) ...................... ........2,460,401 .....8,564,475 ...................... .....6,104,074 .....6,104,074 ........653,868 ........244,324<br />
4955 Industrial Building................................................... Gastonia................. NC.. 06/24/2008.. Beacon #22 LLC..................................... .....3,101,500 ........................ .............99,000 ...................... ..................... ...................... ...................0 ...................... .............99,000 .....5,396,254 ...................... .....5,297,254 .....5,297,254 ........302,750 ..........38,180<br />
4965 Industrial Building................................................... Greensboro............. NC.. 12/23/2008.. TDC South Elm ,LLC.............................. .....9,570,752 ..........104,512 ........4,680,984 ........376,666 ..................... ...................... .......(376,666) ...................... ........4,408,830 ...10,647,153 ...................... .....6,238,324 .....6,238,324 .....1,477,867 ........788,975<br />
5020 Industrial Building................................................... Lewisville................ TX... 04/14/2008.. Cabot II, LP............................................. .....6,096,798 ........................ ........4,955,184 ..........36,503 ..................... ...................... .........(36,503) ...................... ........4,918,681 .....5,464,560 ...................... ........545,879 ........545,879 ........257,960 ........186,409<br />
5025 Industrial Building................................................... Irving....................... TX... 04/14/2008.. Cabot II, LP............................................. .....3,177,138 ............76,341 ........2,535,114 ..........23,857 ..................... ...................... .........(23,857) ...................... ........2,587,599 .....2,731,185 ...................... ........143,587 ........143,587 ........114,443 ..........97,424<br />
5075 Office Building........................................................ Greensboro............. NC.. 07/30/2008.. KSL Sedgefield Pilot, LLC...................... .....6,609,362 ........................ ...........661,956 ..........39,994 ..................... ...................... .........(39,994) ...................... ...........621,962 .....9,342,530 ...................... .....8,720,568 .....8,720,568 ..........30,106 ........104,500<br />
5090 Land........................................................................ Miami...................... FL... 05/02/2008.. 36th Street Doral, LLC............................ ........325,000 ........................ ...........325,000 ...................... ..................... ...................... ...................0 ...................... ...........325,000 .....5,451,240 ...................... .....5,126,240 .....5,126,240 ..........31,213 ............5,407<br />
5095 Land........................................................................ Virginia Beach........ VA.. 06/04/2008.. Eastward Investment Associates LLC.... ........750,000 ........................ ...........750,000 ...................... ..................... ...................... ...................0 ...................... ...........750,000 .....7,751,324 ...................... .....7,001,324 .....7,001,324 ........105,485 ..............(618)<br />
Prior Year Sales.............................................................. ................................ ....... .................... ................................................................ ...................... ........................ ......................... ...................... ..................... ...................... ...................0 ...................... ......................... ........165,495 ...................... ........165,495 ........165,495 ........556,204 ........358,194<br />
0199999. Total - Property Sold............................................................................................................................................................................. .114,438,000 ..........224,919 ......83,324,387 ........604,035 ..................0 ...................0 .......(604,035) ...................0 ......82,945,414 .172,072,238 ...................0 ...89,126,824 ...89,126,824 .....4,529,777 .....2,451,662<br />
03999999. Totals................................................................................................................................................................................................... .114,438,000 ..........224,919 ......83,324,387 ........604,035 ..................0 ...................0 .......(604,035) ...................0 ......82,945,414 .172,072,238 ...................0 ...89,126,824 ...89,126,824 .....4,529,777 .....2,451,662<br />
E03
E04<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
Mortgages in Good Standing<br />
Residential Mortgages - All Other<br />
00A55674............................................. ......... PESCADERO..................................................................... CA....... .............. 12/31/1998 ........6.250 ......................62,181 ................................... ................................... ................................... ................................... ................................... ....................225,000 ....12/31/1984<br />
00A56765............................................. ......... SAN FRANCISCO.............................................................. CA....... .............. 12/31/1998 ........7.000 ......................48,789 ................................... ................................... ................................... ................................... ................................... ....................166,000 ....12/31/1984<br />
15573300............................................. ......... WICHITA............................................................................. KS....... .............. 09/28/1979 ......10.875 ........................5,037 ................................... .............................21 ................................... ................................... ................................... ....................137,000 ....12/01/1979<br />
15581600............................................. ......... DUMFRIES......................................................................... VA....... .............. 11/14/1979 ......11.000 ......................10,912 ................................... ................................... ................................... ................................... ................................... ....................136,000 ....12/01/1979<br />
15659800............................................. ......... BURNSVILLE..................................................................... MN...... .............. 08/17/1979 ......10.250 ........................5,506 ................................... ................................... ................................... ................................... ................................... ......................96,000 ....01/01/1980<br />
15670600............................................. ......... CASPER............................................................................. WY...... .............. 03/07/1980 ......11.125 ........................7,713 ................................... ................................... ................................... ................................... ................................... ....................130,000 ....04/01/1980<br />
0399999. Total - Mortgages in Good Standing - Residential Mortgages - All Other................................... ...................................................................... ....................140,138 ...............................0 .............................21 ...............................0 ...............................0 ...............................0 ....................890,000 ......XXX.........<br />
Commercial Mortgages - Insured or Guaranteed<br />
603....................................................... ......... RALEIGH............................................................................ NC....... .............. 03/01/1968 ........6.000 ......................82,955 ................................... ................................... ................................... ................................... ................................... .................3,150,000 ....01/01/1968<br />
606....................................................... ......... GREENSBORO.................................................................. NC....... .............. 02/01/1971 ........8.500 ....................237,913 ................................... ................................... ................................... ................................... ................................... .................1,076,400 ....01/01/1971<br />
0499999. Total - Mortgages in Good Standing - Commercial Mortgages - Insured or Guaranteed.................................................................................... ....................320,868 ...............................0 ...............................0 ...............................0 ...............................0 ...............................0 .................4,226,400 ......XXX.........<br />
Commercial Mortgages - All Other<br />
20200................................................... ......... HOUSTON.......................................................................... TX....... .............. 04/13/2000 ........6.700 ...............18,127,848 ................................... ................................... ................................... ................................... ................................... ...............33,750,000 ....01/01/2000<br />
20201................................................... ......... SAN ANTONIO................................................................... TX....... .............. 06/26/2000 ........8.750 .................3,742,252 ................................... ................................... ................................... ................................... ................................... .................6,744,000 ....01/01/2000<br />
20203................................................... ......... HOUSTON.......................................................................... TX....... .............. 01/20/2000 ........8.400 .................2,069,137 ................................... ................................... ................................... ................................... ................................... .................3,930,000 ....01/01/1999<br />
20204................................................... ......... BOLINGBROOK................................................................. IL......... .............. 06/14/2000 ........8.250 .................1,837,832 ................................... ................................... ................................... ................................... ................................... .................3,250,000 ....01/01/2000<br />
20205................................................... ......... HOUSTON.......................................................................... TX....... .............. 01/19/2000 ........8.100 .................3,803,534 ................................... ................................... ................................... ................................... ................................... .................6,500,000 ....01/01/1999<br />
20206................................................... ......... LUBBOCK........................................................................... TX....... .............. 02/16/2000 ........8.210 .................1,382,141 ................................... ................................... ................................... ................................... ................................... .................2,730,000 ....01/01/1999<br />
20207................................................... ......... WOODRIDGE..................................................................... IL......... .............. 11/28/2000 ........8.450 .................6,063,594 ................................... ................................... ................................... ................................... ................................... ...............10,500,000 ....01/01/2000<br />
20208................................................... ......... SAN DIEGO........................................................................ CA....... .............. 03/27/2000 ........8.489 .................4,845,013 ................................... ................................... ................................... ................................... ................................... .................7,700,000 ....01/01/2000<br />
20213................................................... ......... KINGSPORT....................................................................... TN....... .............. 11/28/2000 ........8.625 .................2,156,048 ................................... ................................... ................................... ................................... ................................... .................4,050,000 ....12/31/2000<br />
20214................................................... ......... SANTA CLARA................................................................... CA....... .............. 05/15/2000 ........8.400 .................3,408,419 ................................... ................................... ................................... ................................... ................................... .................8,000,000 ....01/01/2000<br />
20217................................................... ......... COLUMBUS........................................................................ OH...... .............. 07/05/2000 ........7.900 .................3,431,893 ................................... ................................... ................................... ................................... ................................... .................5,520,000 ....01/01/2000<br />
20220................................................... ......... Hopkins............................................................................... MN...... .............. 10/19/2000 ........7.900 .................2,379,388 ................................... ................................... ................................... ................................... ................................... .................6,100,000 ....12/31/2000<br />
20227................................................... ......... WHITTIER........................................................................... CA....... .............. 08/31/2000 ........8.250 .................3,858,753 ................................... ................................... ................................... ................................... ................................... .................6,380,000 ....01/01/2000<br />
20228................................................... ......... MEMPHIS........................................................................... TN....... .............. 10/09/2000 ........8.150 .................6,004,467 ................................... ................................... ................................... ................................... ................................... ...............10,830,000 ....01/01/2000<br />
20230................................................... ......... SANDY SPRINGS.............................................................. GA....... .............. 09/29/2000 ........8.380 .................1,598,115 ................................... ................................... ................................... ................................... ................................... .................3,500,000 ....01/01/2000<br />
20233................................................... ......... HOUSTON.......................................................................... TX....... .............. 10/12/2000 ........8.180 .................5,707,696 ................................... ................................... ................................... ................................... ................................... .................9,000,000 ....12/31/2000<br />
20235................................................... ......... SNOQUALMIE.................................................................... WA...... .............. 09/22/2000 ........8.100 .................6,555,577 ................................... ................................... ................................... ................................... ................................... ...............10,650,000 ....01/01/2000<br />
20236................................................... ......... ATLANTA............................................................................ GA....... .............. 04/25/2001 ........7.940 .................8,607,824 ................................... ................................... ................................... ................................... ................................... ...............13,200,000 ....07/01/2002<br />
20238................................................... ......... SAN JOSE.......................................................................... CA....... .............. 10/26/2000 ........8.030 .................3,422,913 ................................... ................................... ................................... ................................... ................................... ...............10,800,000 ....01/01/2000<br />
20239................................................... ......... STRONGSVILLE................................................................ OH...... .............. 12/12/2000 ........8.250 .................3,186,827 ................................... ................................... ................................... ................................... ................................... .................5,800,000 ....10/01/2000<br />
20246................................................... ......... LOS ANGELES................................................................... CA....... .............. 12/18/2000 ........8.100 ...............11,231,051 ................................... ................................... ................................... ................................... ................................... ...............21,950,000 ....01/01/2000<br />
20247................................................... ......... ORCUTT............................................................................. CA....... .............. 12/21/2000 ........7.920 .................6,941,316 ................................... ................................... ................................... ................................... ................................... ...............14,500,000 ....12/01/2000<br />
20250................................................... ......... MONROVIA........................................................................ CA....... .............. 11/30/2000 ........8.140 .................4,155,182 ................................... ................................... ................................... ................................... ................................... .................9,650,000 ....01/01/2000<br />
20251................................................... ......... GREENVILLE..................................................................... SC....... .............. 12/28/2000 ........8.250 ....................537,787 ................................... ................................... ................................... ................................... ................................... .................6,300,000 ....01/01/2000<br />
21200................................................... ......... MURFREEBORO............................................................... TN....... .............. 03/06/2001 ........8.250 .................1,809,314 ................................... ................................... ................................... ................................... ................................... .................4,050,000 ....02/15/2001<br />
21202................................................... ......... ROCK HILL......................................................................... SC....... .............. 05/09/2001 ........8.380 .................1,749,887 ................................... ................................... ................................... ................................... ................................... .................2,860,000 ....04/01/2001<br />
21203................................................... ......... SANTA ROSA..................................................................... CA....... .............. 01/05/2001 ........8.030 .................2,025,045 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....10/04/2000<br />
21204................................................... ......... ROHNERT PARK............................................................... CA....... .............. 01/05/2001 ........8.030 .................2,147,747 ................................... ................................... ................................... ................................... ................................... .................7,500,000 ....10/04/2000<br />
21205................................................... ......... MECHANICSBURG............................................................ PA....... .............. 07/31/2001 ........9.150 .................4,758,912 ................................... ................................... ................................... ................................... ................................... .................9,770,000 ....06/06/2001<br />
21214................................................... ......... LENEXA.............................................................................. KS....... .............. 02/01/2001 ........7.750 .................6,002,653 ................................... ................................... ................................... ................................... ................................... ...............10,500,000 ....03/01/2001<br />
21220................................................... ......... LENEXA.............................................................................. KS....... .............. 03/14/2001 ........7.250 .................2,997,252 ................................... ................................... ................................... ................................... ................................... .................5,300,000 ....03/01/2001<br />
21223................................................... ......... SAN ANTONIO................................................................... TX....... .............. 03/20/2001 ........7.750 .................2,295,823 ................................... ................................... ................................... ................................... ................................... .................4,200,000 ....02/26/2001<br />
21225................................................... ......... San Antonio........................................................................ TX....... .............. 03/02/2001 ........7.340 ...............13,839,175 ................................... ................................... ................................... ................................... ................................... ...............20,150,000 ....01/29/2001<br />
21226................................................... ......... Chino................................................................................... CA....... .............. 04/27/2001 ........7.500 .................1,846,548 ................................... ................................... ................................... ................................... ................................... .................3,000,000 ....02/27/2001<br />
21227................................................... ......... SIOUX FALLS..................................................................... SD....... .............. 05/31/2001 ........7.000 .................7,467,537 ................................... ................................... ................................... ................................... ................................... ...............12,000,000 ....05/01/2001<br />
21233................................................... ......... SAN DIEGO........................................................................ CA....... .............. 03/13/2001 ........7.500 .................8,975,251 ................................... ................................... ................................... ................................... ................................... ...............15,775,000 ....01/16/2001<br />
21234................................................... ......... SHAWNEE.......................................................................... KS....... .............. 05/16/2001 ........7.050 .................3,527,962 ................................... ................................... ................................... ................................... ................................... .................5,500,000 ....04/25/2001<br />
21237................................................... ......... LAS VEGAS........................................................................ NV....... .............. 04/04/2002 ........7.650 .................2,596,413 ................................... ................................... ................................... ................................... ................................... .................4,610,000 ....09/08/2000
E04.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
21239................................................... ......... PORTLAND........................................................................ OR...... .............. 08/10/2001 ........7.250 ...............10,611,587 ................................... ................................... ................................... ................................... ................................... ...............16,750,000 ....05/09/2001<br />
21240................................................... ......... CHAPEL HILL..................................................................... NC....... .............. 08/14/2001 ........7.500 .................6,083,705 ................................... ................................... ................................... ................................... ................................... .................9,190,000 ....07/03/2001<br />
21241................................................... ......... BOCA RATON.................................................................... FL........ .............. 06/27/2001 ........7.430 .................9,377,507 ................................... ................................... ................................... ................................... ................................... ...............16,800,000 ....05/18/2001<br />
21246................................................... ......... EDEN PRAIRIE.................................................................. MN...... .............. 08/28/2001 ........7.620 .................1,985,445 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....08/01/2001<br />
21247................................................... ......... MIDDLETOWN................................................................... NY....... .............. 10/23/2001 ........8.400 .................6,018,218 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....07/18/2001<br />
21252................................................... ......... PELHAM............................................................................. AL....... .............. 10/11/2001 ........7.570 .................2,548,444 ................................... ................................... ................................... ................................... ................................... .................4,600,000 ....08/21/2001<br />
21253................................................... ......... PHOENIX............................................................................ AZ....... .............. 08/16/2001 ........7.840 .................3,059,336 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....08/03/2001<br />
21256................................................... ......... MESA.................................................................................. AZ....... .............. 09/25/2001 ........7.350 ...............12,198,728 ................................... ................................... ................................... ................................... ................................... ...............17,910,000 ....07/24/2001<br />
21259................................................... ......... HANOVER PARK............................................................... IL......... .............. 11/30/2001 ........7.625 .................2,169,178 ................................... ................................... ................................... ................................... ................................... .................3,685,000 ....09/16/2001<br />
21261................................................... ......... BOYNTON BEACH............................................................ FL........ .............. 12/31/2001 ........7.080 ...............15,536,619 ................................... ................................... ................................... ................................... ................................... ...............22,700,000 ....11/07/2001<br />
21262................................................... ......... FAYETTEVILLE.................................................................. NC....... .............. 01/24/2002 ........7.170 .................4,249,483 ................................... ................................... ................................... ................................... ................................... .................7,570,000 ....10/09/2001<br />
21263................................................... ......... ALBUQUERQUE................................................................ NM...... .............. 09/27/2001 ........7.000 ...............12,859,471 ................................... ................................... ................................... ................................... ................................... ...............18,800,000 ....08/27/2001<br />
21265................................................... ......... SAN ANTONIO................................................................... TX....... .............. 12/18/2001 ........7.050 ...............12,907,349 ................................... ................................... ................................... ................................... ................................... ...............20,000,000 ....10/25/2001<br />
21266................................................... ......... MIAMI.................................................................................. FL........ .............. 12/28/2001 ........7.800 .................5,382,031 ................................... ................................... ................................... ................................... ................................... ...............10,100,000 ....08/10/2001<br />
21272................................................... ......... KENNESAW....................................................................... GA....... .............. 12/20/2001 ........6.850 .................6,583,396 ................................... ................................... ................................... ................................... ................................... ...............11,150,000 ....11/27/2001<br />
21273................................................... ......... BALTIMORE....................................................................... MD...... .............. 12/31/2001 ........7.875 .................5,197,592 ................................... ................................... ................................... ................................... ................................... ...............10,500,000 ....11/26/2001<br />
21275................................................... ......... TUSTIN............................................................................... CA....... .............. 12/21/2001 ........7.200 .................2,786,557 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....11/27/2001<br />
21276................................................... ......... GREENSBORO.................................................................. NC....... .............. 12/31/2001 ........7.250 .................2,820,270 ................................... ................................... ................................... ................................... ................................... .................5,030,000 ....12/21/2001<br />
21277................................................... ......... GREENSBORO.................................................................. NC....... .............. 12/31/2001 ........7.250 .................3,000,326 ................................... ................................... ................................... ................................... ................................... .................5,200,000 ....12/21/2001<br />
22202................................................... ......... MARIETTA.......................................................................... GA....... .............. 02/21/2002 ........7.200 .................2,364,485 ................................... ................................... ................................... ................................... ................................... .................4,050,000 ....01/23/2002<br />
22203................................................... ......... CYPRESS........................................................................... CA....... .............. 04/29/2002 ........7.250 .................6,602,456 ................................... ................................... ................................... ................................... ................................... ...............21,600,000 ....02/11/2002<br />
22204................................................... ......... CYPRESS........................................................................... CA....... .............. 03/27/2002 ........7.250 ...............10,541,077 ................................... ................................... ................................... ................................... ................................... ...............23,300,000 ....02/11/2002<br />
22208................................................... ......... KNOXVILLE........................................................................ TN....... .............. 05/31/2002 ........7.000 .................4,704,273 ................................... ................................... ................................... ................................... ................................... .................7,750,000 ....04/17/2002<br />
22210................................................... ......... COLUMBIA......................................................................... SC....... .............. 03/28/2002 ........7.000 .................3,703,043 ................................... ................................... ................................... ................................... ................................... .................6,365,000 ....02/22/2002<br />
22211................................................... ......... CARLSBAD......................................................................... CA....... .............. 08/09/2002 ........7.250 .................4,873,001 ................................... ................................... ................................... ................................... ................................... ...............11,600,000 ....07/18/2002<br />
22212................................................... ......... HOUSTON.......................................................................... TX....... .............. 05/15/2002 ........7.000 ...............14,813,948 ................................... ................................... ................................... ................................... ................................... ...............25,000,000 ....04/12/2002<br />
22214................................................... ......... ONTARIO............................................................................ CA....... .............. 04/12/2002 ........6.900 .................4,541,758 ................................... ................................... ................................... ................................... ................................... .................9,800,000 ....03/19/2002<br />
22215................................................... ......... LOS ANGELES................................................................... CA....... .............. 05/16/2002 ........6.980 .................4,242,098 ................................... ................................... ................................... ................................... ................................... .................9,290,000 ....04/15/2002<br />
22217................................................... ......... PIGEON FORGE................................................................ TN....... .............. 12/06/2002 ........7.630 .................3,353,413 ................................... ................................... ................................... ................................... ................................... .................5,525,000 ....12/05/2002<br />
22218................................................... ......... CARLSBAD......................................................................... CA....... .............. 06/26/2002 ........7.470 .................3,371,632 ................................... ................................... ................................... ................................... ................................... .................6,900,000 ....05/17/2002<br />
22219................................................... ......... IRWINDALE........................................................................ CA....... .............. 06/24/2002 ........7.420 .................4,069,642 ................................... ................................... ................................... ................................... ................................... ...............11,650,000 ....06/01/2002<br />
22221................................................... ......... BARTLETT.......................................................................... TN....... .............. 06/12/2002 ........7.500 .................6,143,927 ................................... ................................... ................................... ................................... ................................... ...............10,422,000 ....04/22/2002<br />
22222................................................... ......... MAITLAND.......................................................................... FL........ .............. 07/03/2002 ........7.530 .................2,042,681 ................................... ................................... ................................... ................................... ................................... .................3,250,000 ....05/09/2002<br />
22224................................................... ......... EAGAN................................................................................ MN...... .............. 07/25/2002 ........7.830 .................3,486,957 ................................... ................................... ................................... ................................... ................................... .................5,210,000 ....07/01/2002<br />
22225................................................... ......... BLACKLICK........................................................................ OH...... .............. 05/24/2002 ........7.620 .................2,093,804 ................................... ................................... ................................... ................................... ................................... .................3,700,000 ....03/06/2002<br />
22228................................................... ......... IRVINE................................................................................ CA....... .............. 07/10/2002 ........7.170 ...............12,361,269 ................................... ................................... ................................... ................................... ................................... ...............19,700,000 ....01/25/2002<br />
22229................................................... ......... IRVINE................................................................................ CA....... .............. 07/10/2002 ........7.170 .................5,386,033 ................................... ................................... ................................... ................................... ................................... .................8,600,000 ....05/25/2002<br />
22230................................................... ......... IRVINE................................................................................ CA....... .............. 07/10/2002 ........7.170 ...............12,361,269 ................................... ................................... ................................... ................................... ................................... ...............20,200,000 ....01/25/2002<br />
22231................................................... ......... ALEXANDRIA..................................................................... VA....... .............. 10/30/2002 ........6.460 .................3,315,130 ................................... ................................... ................................... ................................... ................................... .................7,100,000 ....10/02/2002<br />
22240................................................... ......... MEMPHIS........................................................................... TN....... .............. 10/03/2002 ........6.150 .................4,725,700 ................................... ................................... ................................... ................................... ................................... .................7,350,000 ....09/12/2002<br />
22241................................................... ......... TUCSON............................................................................. AZ....... .............. 11/12/2002 ........6.500 .................6,694,207 ................................... ................................... ................................... ................................... ................................... ...............10,150,000 ....09/26/2002<br />
22244................................................... ......... YORKVILLE........................................................................ IL......... .............. 12/20/2002 ........6.050 ...............11,267,686 ................................... ................................... ................................... ................................... ................................... ...............16,750,000 ....12/01/2002<br />
22250................................................... ......... LEWISVILLE....................................................................... TX....... .............. 10/18/2002 ........5.950 .................1,744,934 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....09/04/2002<br />
22253................................................... ......... BLOOMINGTON................................................................. IN........ .............. 12/31/2002 ........5.680 .................5,409,272 ................................... ................................... ................................... ................................... ................................... ...............10,800,000 ....11/06/2002<br />
22255................................................... ......... MEMPHIS........................................................................... TN....... .............. 12/10/2002 ........5.600 .................5,227,355 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....11/05/2002<br />
23201................................................... ......... Houston............................................................................... TX....... .............. 02/13/2003 ........6.460 .................2,159,624 ................................... ................................... ................................... ................................... ................................... .................5,050,000 ....12/13/2002<br />
23202................................................... ......... PHOENIX............................................................................ AZ....... .............. 06/05/2003 ........5.750 .................2,297,965 ................................... ................................... ................................... ................................... ................................... .................7,300,000 ....03/03/2003<br />
23204................................................... ......... LEAWOOD.......................................................................... KS....... .............. 06/05/2003 ........5.750 .................6,453,980 ................................... ................................... ................................... ................................... ................................... ...............10,800,000 ....02/28/2003<br />
23206................................................... ......... HENDERSON..................................................................... NV....... .............. 04/23/2003 ........5.450 .................2,408,708 ................................... ................................... ................................... ................................... ................................... .................7,470,000 ....04/01/2003<br />
23210................................................... ......... FORT MYERS.................................................................... FL........ .............. 05/06/2004 ........6.160 .................7,442,781 ................................... ................................... ................................... ................................... ................................... ...............13,750,000 ....01/27/2004<br />
23211................................................... ......... PORTLAND........................................................................ OR...... .............. 08/19/2003 ........5.500 .................3,164,747 ................................... ................................... ................................... ................................... ................................... ...............12,805,000 ....06/30/2003
E04.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
23212................................................... ......... RANCHO SANTA MARGARITA........................................ CA....... .............. 07/24/2003 ........5.930 .................7,480,349 ................................... ................................... ................................... ................................... ................................... ...............12,000,000 ....06/02/2003<br />
23213................................................... ......... LAKE FOREST................................................................... CA....... .............. 07/24/2003 ........5.930 .................1,402,594 ................................... ................................... ................................... ................................... ................................... .................2,800,000 ....06/02/2003<br />
23214................................................... ......... LAKE FOREST................................................................... CA....... .............. 07/24/2003 ........5.930 .................1,402,594 ................................... ................................... ................................... ................................... ................................... .................2,650,000 ....06/02/2003<br />
23217................................................... ......... LAS VEGAS........................................................................ NV....... .............. 07/31/2003 ........6.030 .................8,651,326 ................................... ................................... ................................... ................................... ................................... ...............13,800,000 ....06/18/2003<br />
23218................................................... ......... COLUMBIA......................................................................... TN....... .............. 10/23/2003 ........6.850 .................2,574,371 ................................... ................................... ................................... ................................... ................................... .................4,055,000 ....08/01/2003<br />
23222................................................... ......... UPLAND............................................................................. CA....... .............. 08/29/2003 ........5.450 .................2,297,711 ................................... ................................... ................................... ................................... ................................... .................3,670,000 ....08/14/2003<br />
23223................................................... ......... VANCOUVER..................................................................... WA...... .............. 07/24/2003 ........5.380 .................9,630,878 ................................... ................................... ................................... ................................... ................................... ...............14,675,000 ....06/24/2003<br />
23225................................................... ......... ELLICOTT CITY................................................................. MD...... .............. 08/29/2003 ........5.250 ...............13,774,240 ................................... ................................... ................................... ................................... ................................... ...............21,100,000 ....08/18/2003<br />
23230................................................... ......... UPLAND............................................................................. CA....... .............. 09/23/2003 ........4.820 .................1,977,420 ................................... ................................... ................................... ................................... ................................... .................4,150,000 ....08/05/2003<br />
23231................................................... ......... MEMPHIS........................................................................... TN....... .............. 07/28/2003 ........4.900 .................7,011,534 ................................... ................................... ................................... ................................... ................................... ...............12,900,000 ....06/11/2003<br />
23234................................................... ......... BAKERSFIELD................................................................... CA....... .............. 09/18/2003 ........6.150 .................3,162,451 ................................... ................................... ................................... ................................... ................................... .................5,740,000 ....08/27/2003<br />
23235................................................... ......... TUCSON............................................................................. AZ....... .............. 10/22/2003 ........4.910 .................5,205,877 ................................... ................................... ................................... ................................... ................................... .................8,000,000 ....06/25/2003<br />
23238................................................... ......... VIRGINIA BEACH............................................................... VA....... .............. 10/14/2003 ........4.780 .................2,586,252 ................................... ................................... ................................... ................................... ................................... ...............10,600,000 ....07/24/2003<br />
23248................................................... ......... ORO VALLEY..................................................................... AZ....... .............. 10/15/2003 ........6.030 ...............13,943,269 ................................... ................................... ................................... ................................... ................................... ...............20,865,000 ....09/19/2003<br />
23249................................................... ......... MEDIA................................................................................. PA....... .............. 12/12/2003 ........5.800 .................6,878,953 ................................... ................................... ................................... ................................... ................................... .................9,900,000 ....10/15/2003<br />
23250................................................... ......... CHARLOTTE...................................................................... NC....... .............. 06/21/2004 ........6.470 .................3,236,919 ................................... ................................... ................................... ................................... ................................... .................5,250,000 ....05/27/2004<br />
23252................................................... ......... WINCHESTER.................................................................... VA....... .............. 12/01/2003 ........5.010 .................2,192,442 ................................... ................................... ................................... ................................... ................................... .................7,250,000 ....10/08/2003<br />
23253................................................... ......... BOULDER........................................................................... CO...... .............. 12/11/2003 ........6.020 .................5,833,565 ................................... ................................... ................................... ................................... ................................... ...............11,200,000 ....10/23/2003<br />
23257................................................... ......... BRENTWOOD.................................................................... MO...... .............. 12/16/2003 ........5.700 .................4,516,011 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....11/20/2003<br />
23258................................................... ......... EDWARDSVILLE................................................................ IL......... .............. 12/16/2003 ........5.700 .................5,362,753 ................................... ................................... ................................... ................................... ................................... ...............17,250,000 ....04/01/2008<br />
23260................................................... ......... DES PERES....................................................................... MO...... .............. 12/16/2003 ........5.700 .................4,892,319 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....11/05/2003<br />
23261................................................... ......... EVANSVILLE...................................................................... IN........ .............. 12/16/2003 ........5.700 .................5,362,753 ................................... ................................... ................................... ................................... ................................... .................7,800,000 ....10/28/2003<br />
23262................................................... ......... LADUE................................................................................ MO...... .............. 12/16/2003 ........5.700 .................7,997,067 ................................... ................................... ................................... ................................... ................................... ...............12,400,000 ....11/05/2003<br />
23267................................................... ......... TOWN COUNTRY.............................................................. MO...... .............. 12/16/2003 ........5.700 .................7,526,672 ................................... ................................... ................................... ................................... ................................... ...............11,200,000 ....11/05/2003<br />
23270................................................... ......... TAMPA................................................................................ FL........ .............. 02/23/2004 ........6.000 ...............10,941,338 ................................... ................................... ................................... ................................... ................................... ...............17,650,000 ....01/13/2004<br />
24200................................................... ......... OKLAHOMA CITY.............................................................. OK....... .............. 03/19/2004 ........5.880 .................6,949,894 ................................... ................................... ................................... ................................... ................................... ...............14,760,000 ....01/29/2004<br />
24201................................................... ......... FARMINGTON HILLS........................................................ MI........ .............. 02/04/2004 ........6.090 .................2,893,775 ................................... ................................... ................................... ................................... ................................... .................4,300,000 ....11/12/2003<br />
24202................................................... ......... CHULA VISTA.................................................................... CA....... .............. 04/13/2004 ........5.650 .................6,058,039 ................................... ................................... ................................... ................................... ................................... ...............10,700,000 ....01/10/2004<br />
24211................................................... ......... TIMONIUM.......................................................................... MD...... .............. 10/18/2004 ........6.200 .................9,094,096 ................................... ................................... ................................... ................................... ................................... ...............14,100,000 ....08/12/2004<br />
24212................................................... ......... OVERLAND PARK............................................................. KS....... .............. 04/05/2004 ........5.500 .................6,485,918 ................................... ................................... ................................... ................................... ................................... .................9,600,000 ....02/04/2004<br />
24214................................................... ......... HUNTERSVILLE................................................................. NC....... .............. 03/31/2005 ........6.180 .................8,637,866 ................................... ................................... ................................... ................................... ................................... ...............12,735,000 ....03/01/2005<br />
24215................................................... ......... PEPPER PIKE.................................................................... OH...... .............. 09/03/2004 ........6.290 .................5,356,481 ................................... ................................... ................................... ................................... ................................... ...............23,800,000 ....07/15/2004<br />
24232................................................... ......... CHARLOTTE...................................................................... NC....... .............. 07/30/2004 ........5.880 .................4,135,287 ................................... ................................... ................................... ................................... ................................... .................5,875,000 ....07/01/2004<br />
24233................................................... ......... PASADENA........................................................................ CA....... .............. 06/07/2004 ........5.630 ...............22,659,958 ................................... ................................... ................................... ................................... ................................... ...............40,800,000 ....04/30/2004<br />
24241................................................... ......... TORRANCE........................................................................ CA....... .............. 08/16/2004 ........5.670 ...............10,018,465 ................................... ................................... ................................... ................................... ................................... ...............17,000,000 ....06/29/2004<br />
24242................................................... ......... MILLERSVILLE................................................................... MD...... .............. 07/29/2004 ........5.980 .................4,793,726 ................................... ................................... ................................... ................................... ................................... .................7,350,000 ....07/01/2004<br />
24243................................................... ......... OVERLAND PARK............................................................. KS....... .............. 07/13/2004 ........6.130 .................7,598,852 ................................... ................................... ................................... ................................... ................................... ...............11,600,000 ....05/27/2004<br />
24244................................................... ......... LENEXA.............................................................................. KS....... .............. 07/07/2004 ........6.030 .................3,651,493 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....06/02/2004<br />
24245................................................... ......... TUCSON............................................................................. AZ....... .............. 12/16/2004 ........6.170 ...............13,313,365 ................................... ................................... ................................... ................................... ................................... ...............23,000,000 ....08/30/2004<br />
24246................................................... ......... ARBUTUS........................................................................... MD...... .............. 08/02/2004 ........6.110 .................1,831,560 ................................... ................................... ................................... ................................... ................................... .................2,700,000 ....07/12/2004<br />
24247................................................... ......... FOX RIVER GROVE.......................................................... IL......... .............. 11/17/2004 ........6.750 .................4,089,598 ................................... ................................... ................................... ................................... ................................... .................6,000,000 ....10/01/2004<br />
24252................................................... ......... TUCSON............................................................................. AZ....... .............. 09/28/2004 ........6.840 .................2,966,402 ................................... ................................... ................................... ................................... ................................... .................5,485,000 ....06/30/2004<br />
24253................................................... ......... LUTHERVILLE.................................................................... MD...... .............. 09/29/2004 ........6.230 ...............12,037,872 ................................... ................................... ................................... ................................... ................................... ...............17,500,000 ....08/12/2004<br />
24254................................................... ......... VANCOUVER..................................................................... WA...... .............. 09/30/2004 ........5.610 .................4,753,791 ................................... ................................... ................................... ................................... ................................... ...............12,490,000 ....08/04/2004<br />
24255................................................... ......... WEST PALM BEACH......................................................... FL........ .............. 12/30/2004 ........7.500 .................6,131,530 ................................... ................................... ................................... ................................... ................................... ...............12,500,000 ....01/01/2005<br />
24256................................................... ......... LA MIRADA......................................................................... CA....... .............. 10/29/2004 ........5.640 .................2,212,332 ................................... ................................... ................................... ................................... ................................... .................3,600,000 ....08/24/2004<br />
24257................................................... ......... SANTA FE SPRINGS......................................................... CA....... .............. 11/04/2004 ........5.640 .................3,393,881 ................................... ................................... ................................... ................................... ................................... .................5,800,000 ....08/24/2004<br />
24259................................................... ......... CORONA............................................................................ CA....... .............. 10/22/2004 ........5.640 .................7,531,325 ................................... ................................... ................................... ................................... ................................... ...............11,400,000 ....08/12/2004<br />
24260................................................... ......... ONTARIO............................................................................ CA....... .............. 10/22/2004 ........5.640 .................4,895,373 ................................... ................................... ................................... ................................... ................................... .................7,580,000 ....08/22/2004<br />
24262................................................... ......... BELLINGHAM..................................................................... WA...... .............. 10/26/2004 ........5.800 .................5,966,673 ................................... ................................... ................................... ................................... ................................... .................9,400,000 ....09/30/2004<br />
24267................................................... ......... HARRISBURG.................................................................... NC....... .............. 12/30/2004 ........5.880 ...............11,021,004 ................................... ................................... ................................... ................................... ................................... ...............15,335,000 ....11/01/2004
E04.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
24273................................................... ......... ALBUQUERQUE................................................................ NM...... .............. 11/30/2004 ........5.550 ...............10,360,629 ................................... ................................... ................................... ................................... ................................... ...............16,300,000 ....10/28/2004<br />
24276................................................... ......... ATLANTA............................................................................ GA....... .............. 12/22/2004 ........5.240 .................8,649,746 ................................... ................................... ................................... ................................... ................................... ...............13,500,000 ....10/08/2004<br />
24277................................................... ......... KANSAS CITY.................................................................... MO...... .............. 11/08/2004 ........5.330 .................7,962,801 ................................... ................................... ................................... ................................... ................................... ...............12,200,000 ....10/15/2004<br />
24278................................................... ......... SEATTLE............................................................................ WA...... .............. 12/16/2004 ........5.560 .................9,999,169 ................................... ................................... ................................... ................................... ................................... ...............14,300,000 ....11/15/2004<br />
24279................................................... ......... VANCOUVER..................................................................... WA...... .............. 12/09/2004 ........5.510 ...............10,964,828 ................................... ................................... ................................... ................................... ................................... ...............22,125,000 ....11/02/2004<br />
24282................................................... ......... POMPANO BEACH............................................................ FL........ .............. 12/31/2004 ........5.730 .................2,824,255 ................................... ................................... ................................... ................................... ................................... .................4,300,000 ....12/20/2004<br />
24283................................................... ......... SOUTH MIAMI.................................................................... FL........ .............. 02/18/2005 ........5.400 .................7,083,787 ................................... ................................... ................................... ................................... ................................... ...............10,500,000 ....01/10/2005<br />
25201................................................... ......... BRENTWOOD.................................................................... TN....... .............. 09/06/2005 ........6.010 ...............17,901,961 ................................... ................................... ................................... ................................... ................................... ...............26,000,000 ....07/18/2005<br />
25203................................................... ......... ELLICOTT CITY................................................................. MD...... .............. 12/20/2004 ........5.680 ...............11,782,485 ................................... ................................... ................................... ................................... ................................... ...............17,400,000 ....02/01/2005<br />
25204................................................... ......... WILLIAMSBURG................................................................ VA....... .............. 10/17/2005 ........6.000 ...............13,746,015 ................................... ................................... ................................... ................................... ................................... ...............20,200,000 ....10/10/2005<br />
25207................................................... ......... RICHMOND........................................................................ VA....... .............. 03/02/2005 ........5.330 .................7,510,964 ................................... ................................... ................................... ................................... ................................... ...............15,200,000 ....01/04/2005<br />
25209................................................... ......... WINSTON SALEM.............................................................. NC....... .............. 02/18/2005 ........5.530 .................5,720,499 ................................... ................................... ................................... ................................... ................................... .................8,550,000 ....12/29/2004<br />
25212................................................... ......... IRVING................................................................................ TX....... .............. 05/26/2005 ........5.560 .................7,937,131 ................................... ................................... ................................... ................................... ................................... ...............12,200,000 ....10/01/2005<br />
25213................................................... ......... TUCSON............................................................................. AZ....... .............. 03/08/2005 ........5.810 .................1,365,239 ................................... ................................... ................................... ................................... ................................... .................2,600,000 ....01/17/2005<br />
25214................................................... ......... LOS ANGELES................................................................... CA....... .............. 03/31/2005 ........5.530 .................2,272,914 ................................... ................................... ................................... ................................... ................................... .................4,000,000 ....02/21/2005<br />
25221................................................... ......... GRAND RAPIDS................................................................ MI........ .............. 04/01/2005 ........5.440 .................4,349,772 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....02/14/2005<br />
25229................................................... ......... MT. PLEASANT.................................................................. SC....... .............. 06/09/2005 ........5.570 ...............18,293,936 ................................... ................................... ................................... ................................... ................................... ...............25,700,000 ....05/12/2005<br />
25235................................................... ......... ST CHARLES..................................................................... IL......... .............. 04/29/2005 ........5.320 .................3,846,106 ................................... ................................... ................................... ................................... ................................... .................5,780,000 ....04/14/2005<br />
25237................................................... ......... CYPRESS........................................................................... CA....... .............. 04/29/2005 ........5.400 ...............13,877,497 ................................... ................................... ................................... ................................... ................................... ...............36,000,000 ....03/22/2005<br />
25239................................................... ......... TINLEY PARK.................................................................... IL......... .............. 03/31/2005 ........5.430 .................5,192,227 ................................... ................................... ................................... ................................... ................................... .................7,522,500 ....03/14/2005<br />
25242................................................... ......... TINLEY PARK.................................................................... IL......... .............. 03/31/2005 ........5.430 .................4,931,430 ................................... ................................... ................................... ................................... ................................... .................7,227,500 ....03/14/2005<br />
25245................................................... ......... THE COLONY.................................................................... TX....... .............. 06/23/2005 ........5.720 .................5,172,444 ................................... ................................... ................................... ................................... ................................... .................7,500,000 ....04/15/2005<br />
25249................................................... ......... LAS VEGAS........................................................................ NV....... .............. 06/02/2005 ........5.890 .................2,240,474 ................................... ................................... ................................... ................................... ................................... .................3,410,000 ....04/04/2005<br />
25251................................................... ......... PORTLAND........................................................................ OR...... .............. 05/31/2005 ........5.770 ...............17,880,632 ................................... ................................... ................................... ................................... ................................... ...............24,780,000 ....04/27/2005<br />
25252................................................... ......... PORTLAND........................................................................ OR...... .............. 05/31/2005 ........5.770 ...............21,746,706 ................................... ................................... ................................... ................................... ................................... ...............30,480,000 ....04/27/2005<br />
25255................................................... ......... LAKEVILLE......................................................................... MN...... .............. 11/15/2005 ........5.740 ...............10,291,913 ................................... ................................... ................................... ................................... ................................... ...............15,300,000 ....10/04/2005<br />
25258................................................... ......... HOUSTON.......................................................................... TX....... .............. 07/28/2005 ........5.470 .................4,648,191 ................................... ................................... ................................... ................................... ................................... .................7,500,000 ....06/24/2005<br />
25259................................................... ......... KINGSPORT....................................................................... TN....... .............. 09/26/2005 ........5.520 .................3,555,116 ................................... ................................... ................................... ................................... ................................... .................5,475,000 ....08/17/2005<br />
25260................................................... ......... REISTERTOWN................................................................. MD...... .............. 07/29/2005 ........5.440 .................9,293,551 ................................... ................................... ................................... ................................... ................................... ...............14,000,000 ....06/21/2005<br />
25262................................................... ......... VANCOUVER..................................................................... WA...... .............. 07/28/2005 ........5.370 .................4,543,125 ................................... ................................... ................................... ................................... ................................... .................7,050,000 ....06/03/2005<br />
25263................................................... ......... ELLOCOTT CITY................................................................ MD...... .............. 07/29/2005 ........5.500 ...............10,948,777 ................................... ................................... ................................... ................................... ................................... ...............15,400,000 ....06/02/2005<br />
25264................................................... ......... VANCOUVER..................................................................... WA...... .............. 07/28/2005 ........5.370 ...............10,004,535 ................................... ................................... ................................... ................................... ................................... ...............15,550,000 ....06/03/2005<br />
25266................................................... ......... WHITTIER........................................................................... CA....... .............. 07/29/2005 ........5.270 .................5,415,855 ................................... ................................... ................................... ................................... ................................... .................7,750,000 ....06/15/2005<br />
25267................................................... ......... ALHAMBRA........................................................................ CA....... .............. 09/14/2005 ........5.400 .................8,878,971 ................................... ................................... ................................... ................................... ................................... ...............35,500,000 ....06/19/2005<br />
25268................................................... ......... SAN DIEGO........................................................................ CA....... .............. 09/01/2005 ........5.600 .................8,814,153 ................................... ................................... ................................... ................................... ................................... ...............13,310,000 ....10/17/2007<br />
25269................................................... ......... FRISCO............................................................................... TX....... .............. 08/01/2005 ........5.250 ...............10,369,595 ................................... ................................... ................................... ................................... ................................... ...............14,600,000 ....04/28/2005<br />
25272................................................... ......... SAVANNAH........................................................................ GA....... .............. 08/31/2005 ........5.200 .................4,421,789 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....06/28/2005<br />
25275................................................... ......... DENVER............................................................................. CO...... .............. 09/26/2005 ........5.310 .................3,386,662 ................................... ................................... ................................... ................................... ................................... .................6,250,000 ....09/06/2005<br />
25276................................................... ......... NORCROSS....................................................................... GA....... .............. 09/16/2005 ........5.500 .................1,443,558 ................................... ................................... ................................... ................................... ................................... .................3,850,000 ....08/02/2005<br />
25281................................................... ......... SANTA FE SPRINGS......................................................... CA....... .............. 08/31/2005 ........5.240 .................6,183,159 ................................... ................................... ................................... ................................... ................................... .................9,900,000 ....08/18/2005<br />
25283................................................... ......... BELLEVUE......................................................................... WA...... .............. 09/29/2005 ........5.480 .................4,302,532 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....08/16/2005<br />
25287................................................... ......... SANTA CLARA................................................................... CA....... .............. 12/29/2005 ........8.600 .................1,589,434 ................................... ................................... ................................... ................................... ................................... .................5,610,000 ....10/01/2005<br />
25290................................................... ......... CHARLOTTE...................................................................... NC....... .............. 12/01/2005 ........5.470 .................4,115,284 ................................... ................................... ................................... ................................... ................................... .................5,750,000 ....11/03/2005<br />
25296................................................... ......... OCEANSIDE....................................................................... CA....... .............. 12/20/2005 ........5.390 .................8,931,150 ................................... ................................... ................................... ................................... ................................... ...............14,400,000 ....10/25/2005<br />
25297................................................... ......... OVERLAND PARK............................................................. KS....... .............. 11/22/2005 ........5.390 .................9,288,863 ................................... ................................... ................................... ................................... ................................... ...............13,200,000 ....08/18/2005<br />
25300................................................... ......... SCOTTSDALE.................................................................... AZ....... .............. 12/22/2005 ........5.600 .................2,921,916 ................................... ................................... ................................... ................................... ................................... .................5,650,000 ....12/01/2005<br />
25301................................................... ......... WICHITA............................................................................. KS....... .............. 12/28/2005 ........5.830 .................2,055,045 ................................... ................................... ................................... ................................... ................................... .................3,120,000 ....11/09/2005<br />
25302................................................... ......... ALPHARETTA.................................................................... GA....... .............. 12/30/2005 ........5.590 .................8,142,384 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....01/01/2006<br />
25303................................................... ......... BENSONVILLE................................................................... IL......... .............. 11/29/2005 ........5.790 .................3,295,486 ................................... ................................... ................................... ................................... ................................... .................5,200,000 ....11/03/2005<br />
25304................................................... ......... ALEXANDRIA..................................................................... VA....... .............. 12/28/2005 ........5.640 .................4,239,648 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....11/10/2005<br />
25306................................................... ......... KIRKLAND.......................................................................... WA...... .............. 12/22/2005 ........5.780 .................9,155,365 ................................... ................................... ................................... ................................... ................................... ...............21,000,000 ....11/30/2005
E04.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
26200................................................... ......... SACRAMENTO.................................................................. CA....... .............. 03/14/2006 ........5.590 .................5,682,699 ................................... ................................... ................................... ................................... ................................... .................9,700,000 ....02/20/2006<br />
26204................................................... ......... CLEARWATER................................................................... FL........ .............. 02/22/2006 ........5.970 .................3,043,640 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....01/01/2006<br />
26207................................................... ......... OAK CREEK....................................................................... WI....... .............. 04/28/2006 ........5.840 .................3,705,571 ................................... ................................... ................................... ................................... ................................... .................5,500,000 ....04/05/2006<br />
26208................................................... ......... LONGMONT....................................................................... CO...... .............. 05/01/2006 ........5.870 .................1,996,787 ................................... ................................... ................................... ................................... ................................... .................3,084,000 ....03/30/2006<br />
26209................................................... ......... VERON HILLS.................................................................... IL......... .............. 03/29/2006 ........5.660 .................2,215,841 ................................... ................................... ................................... ................................... ................................... .................3,600,000 ....01/27/2006<br />
26210................................................... ......... PORTLAND........................................................................ OR...... .............. 03/07/2006 ........5.900 .................1,386,461 ................................... ................................... ................................... ................................... ................................... .................2,470,000 ....03/01/2006<br />
26211................................................... ......... STERLING.......................................................................... VA....... .............. 03/29/2006 ........5.490 .................4,144,477 ................................... ................................... ................................... ................................... ................................... ...............12,300,000 ....02/28/2006<br />
26212................................................... ......... PHOENIX............................................................................ AZ....... .............. 03/10/2006 ........5.560 .................2,651,299 ................................... ................................... ................................... ................................... ................................... .................6,295,000 ....01/30/2006<br />
26214................................................... ......... SMITHFIELD....................................................................... NC....... .............. 05/01/2006 ........5.850 .................3,095,366 ................................... ................................... ................................... ................................... ................................... .................4,800,000 ....03/20/2006<br />
26215................................................... ......... LAKE WORTH.................................................................... FL........ .............. 11/07/2006 ........6.210 .................7,900,800 ................................... ................................... ................................... ................................... ................................... ...............15,500,000 ....10/01/2006<br />
26216................................................... ......... CAMARILLO....................................................................... CA....... .............. 04/18/2006 ........5.730 .................3,377,742 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....02/23/2006<br />
26217................................................... ......... HOUSTON.......................................................................... TX....... .............. 04/24/2006 ........5.930 .................3,758,820 ................................... ................................... ................................... ................................... ................................... .................6,500,000 ....01/30/2006<br />
26219................................................... ......... MIAMI.................................................................................. FL........ .............. 04/25/2006 ........5.720 .................4,614,321 ................................... ................................... ................................... ................................... ................................... ...............12,700,000 ....04/01/2006<br />
26220................................................... ......... KANSAS CITY.................................................................... MO...... .............. 03/15/2006 ........5.890 .................2,657,614 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....02/16/2006<br />
26225................................................... ......... BATTLE CREEK................................................................. MI........ .............. 05/25/2006 ........5.850 .................4,285,912 ................................... ................................... ................................... ................................... ................................... .................7,950,000 ....03/28/2006<br />
26226................................................... ......... LA QUINTA......................................................................... CA....... .............. 05/30/2006 ........5.700 .................6,279,666 ................................... ................................... ................................... ................................... ................................... .................9,400,000 ....03/14/2006<br />
26227................................................... ......... CARLSBAD......................................................................... CA....... .............. 03/31/2006 ........5.700 .................6,433,880 ................................... ................................... ................................... ................................... ................................... ...............10,900,000 ....03/09/2006<br />
26228................................................... ......... RANCHO CUCAMONGA................................................... CA....... .............. 05/10/2006 ........5.940 .................3,621,495 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....04/03/2006<br />
26229................................................... ......... KNOXVILLE........................................................................ TN....... .............. 06/16/2006 ........5.990 .................4,383,062 ................................... ................................... ................................... ................................... ................................... .................6,825,000 ....05/11/2006<br />
26230................................................... ......... SMYRNA............................................................................. GA....... .............. 04/28/2006 ........5.970 .................4,567,387 ................................... ................................... ................................... ................................... ................................... .................6,500,000 ....03/09/2006<br />
26231................................................... ......... ANNAPOLIS....................................................................... MD...... .............. 06/21/2006 ........5.950 .................7,338,785 ................................... ................................... ................................... ................................... ................................... ...............10,800,000 ....04/28/2006<br />
26232................................................... ......... ANNAPOLIS....................................................................... MD...... .............. 06/21/2006 ........5.950 ...............12,962,009 ................................... ................................... ................................... ................................... ................................... ...............19,000,000 ....04/28/2006<br />
26233................................................... ......... LIVONIA.............................................................................. MI........ .............. 06/29/2006 ........6.100 .................3,822,885 ................................... ................................... ................................... ................................... ................................... .................5,340,000 ....05/02/2006<br />
26235................................................... ......... ROSWELL.......................................................................... GA....... .............. 05/26/2006 ........6.040 .................5,006,844 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....04/24/2006<br />
26238................................................... ......... NORCROSS....................................................................... GA....... .............. 05/23/2006 ........6.170 ...............16,730,646 ................................... ................................... ................................... ................................... ................................... ...............23,000,000 ....04/25/2006<br />
26239................................................... ......... BEAVERTON...................................................................... OR...... .............. 06/30/2006 ........6.120 .................5,989,225 ................................... ................................... ................................... ................................... ................................... ...............12,000,000 ....06/08/2006<br />
26241................................................... ......... ONTARIO............................................................................ CA....... .............. 06/29/2006 ........6.220 ...............12,127,733 ................................... ................................... ................................... ................................... ................................... ...............20,000,000 ....06/05/2006<br />
26244................................................... ......... COSTA MESA.................................................................... CA....... .............. 07/31/2006 ........6.260 .................4,205,181 ................................... ................................... ................................... ................................... ................................... .................7,250,000 ....06/08/2006<br />
26245................................................... ......... WOODBRIDGE.................................................................. VA....... .............. 08/01/2006 ........6.200 .................7,184,725 ................................... ................................... ................................... ................................... ................................... ...............11,400,000 ....06/14/2006<br />
26246................................................... ......... OPA LOCKA....................................................................... FL........ .............. 08/24/2006 ........6.330 .................2,496,845 ................................... ................................... ................................... ................................... ................................... .................3,925,000 ....07/13/2006<br />
26247................................................... ......... LAS VEGAS........................................................................ NV....... .............. 09/28/2006 ........6.070 ...............12,646,121 ................................... ................................... ................................... ................................... ................................... ...............19,000,000 ....08/14/2006<br />
26253................................................... ......... LAVISTA............................................................................. NE....... .............. 11/17/2006 ........6.220 .................5,109,811 ................................... ................................... ................................... ................................... ................................... .................7,655,000 ....08/30/2006<br />
26254................................................... ......... TUALATIN........................................................................... OR...... .............. 10/11/2006 ........6.300 .................2,047,439 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....08/17/2006<br />
26255................................................... ......... CORONA............................................................................ CA....... .............. 09/20/2006 ........6.210 .................5,305,369 ................................... ................................... ................................... ................................... ................................... .................8,020,000 ....07/26/2006<br />
26256................................................... ......... WALNUT............................................................................. CA....... .............. 09/28/2006 ........6.170 .................8,168,545 ................................... ................................... ................................... ................................... ................................... ...............13,050,000 ....08/24/2006<br />
26259................................................... ......... PHOENIX............................................................................ AZ....... .............. 10/10/2006 ........6.160 .................6,246,152 ................................... ................................... ................................... ................................... ................................... .................9,150,000 ....09/12/2006<br />
26260................................................... ......... MIAMI.................................................................................. FL........ .............. 08/21/2006 ........6.220 .................3,278,240 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....07/10/2006<br />
26262................................................... ......... LENEXA.............................................................................. KS....... .............. 10/10/2006 ........6.140 .................3,919,770 ................................... ................................... ................................... ................................... ................................... .................5,690,000 ....08/31/2006<br />
26263................................................... ......... JACKSONVILLE................................................................. FL........ .............. 01/08/2007 ........6.150 .................9,530,956 ................................... ................................... ................................... ................................... ................................... ...............14,200,000 ....10/26/2006<br />
26264................................................... ......... SILVER SPRING................................................................ MD...... .............. 10/20/2006 ........6.040 .................3,078,062 ................................... ................................... ................................... ................................... ................................... .................8,800,000 ....09/06/2006<br />
26266................................................... ......... OMAHA............................................................................... NE....... .............. 12/21/2006 ........5.940 .................5,594,765 ................................... ................................... ................................... ................................... ................................... .................8,200,000 ....10/10/2006<br />
26268................................................... ......... CONCORD......................................................................... CA....... .............. 10/03/2006 ........5.980 .................5,480,905 ................................... ................................... ................................... ................................... ................................... .................9,750,000 ....09/12/2006<br />
26270................................................... ......... RANDALLSTOWN.............................................................. MD...... .............. 11/21/2006 ........5.980 .................3,852,786 ................................... ................................... ................................... ................................... ................................... ...............13,100,000 ....10/26/2006<br />
26271................................................... ......... LOS ANGELES................................................................... CA....... .............. 12/27/2006 ........5.880 .................2,240,482 ................................... ................................... ................................... ................................... ................................... .................9,500,000 ....10/19/2006<br />
26273................................................... ......... ROSEVILLE........................................................................ CA....... .............. 01/19/2007 ........5.900 .................9,177,404 ................................... ................................... ................................... ................................... ................................... ...............16,890,000 ....09/29/2006<br />
26275................................................... ......... HUTTO................................................................................ TX....... .............. 12/15/2006 ........5.860 .................2,603,346 ................................... ................................... ................................... ................................... ................................... .................4,650,000 ....11/06/2006<br />
26276................................................... ......... ORLANDO.......................................................................... FL........ .............. 01/04/2007 ........5.980 .................6,441,431 ................................... ................................... ................................... ................................... ................................... .................9,500,000 ....10/25/2006<br />
26277................................................... ......... LAS VEGAS........................................................................ NV....... .............. 12/08/2006 ........6.000 .................3,859,680 ................................... ................................... ................................... ................................... ................................... .................5,900,000 ....11/01/2006<br />
48200................................................... ......... RIDGEFIELD PARK........................................................... NJ....... .............. 03/20/1989 ......10.230 ...............30,025,874 ................................... ................................... ................................... ................................... ................................... ...............41,562,500 ....04/01/1989<br />
78200................................................... ......... FAYETTEVILLE.................................................................. NC....... .............. 12/27/1977 ........9.500 ....................578,385 ................................... ................................... ................................... ................................... ................................... .................1,600,000 ....01/01/1977<br />
88006................................................... ......... KNOXVILLE........................................................................ TN....... .............. 12/15/1988 ......10.750 ....................298,257 ................................... ................................... ................................... ................................... ................................... ....................910,000 ....01/01/1988
E04.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
88204................................................... ......... GREENVILLE..................................................................... NC....... .............. 06/28/1988 ........8.250 ....................212,463 ................................... ................................... ................................... ................................... ................................... .................1,335,000 ....01/01/1988<br />
89003................................................... ......... NEWPORT.......................................................................... TN....... .............. 10/31/1989 ........8.625 ....................890,240 ................................... ................................... ................................... ................................... ................................... .................2,500,000 ....01/01/1989<br />
89202................................................... ......... GREENSBORO.................................................................. NC....... .............. 04/19/1989 ......10.750 ......................99,151 ................................... ................................... ................................... ................................... ................................... .................2,900,000 ....01/01/1989<br />
90212................................................... ......... SAN FRANCISCO.............................................................. CA....... .............. 05/31/1990 ........8.250 ....................430,923 ................................... ................................... ................................... ................................... ................................... .................2,000,000 ....01/01/1990<br />
90235................................................... ......... MECHANICSBURG............................................................ PA....... .............. 12/31/1990 ........8.000 .................2,722,652 ................................... ................................... ................................... ................................... ................................... .................8,500,000 ....01/01/1998<br />
91218................................................... ......... MILLEDGEVILLE................................................................ GA....... .............. 07/31/1991 ......10.000 ....................305,153 ................................... ................................... ................................... ................................... ................................... .................2,690,000 ....01/01/1991<br />
92224................................................... ......... PORTAGE.......................................................................... MI........ .............. 03/23/1993 ........6.250 ....................403,359 ................................... ................................... ................................... ................................... ................................... .................1,501,000 ....12/31/1992<br />
93206................................................... ......... MEMPHIS........................................................................... TN....... .............. 05/20/1993 ........9.250 ....................655,205 ................................... ................................... ................................... ................................... ................................... .................2,125,000 ....12/31/1993<br />
93211................................................... ......... MONTGOMERY................................................................. AL....... .............. 12/02/1992 ........9.000 ....................107,661 ................................... ................................... ................................... ................................... ................................... .................1,400,000 ....12/31/1992<br />
93213................................................... ......... WARNER ROBBINS.......................................................... GA....... .............. 10/31/1993 ........9.250 ....................670,765 ................................... ................................... ................................... ................................... ................................... .................2,075,000 ....12/31/1992<br />
93214................................................... ......... BENTON HARBOR............................................................ MI........ .............. 01/25/1993 ........9.000 ....................403,949 ................................... ................................... ................................... ................................... ................................... .................1,440,000 ....12/31/1992<br />
93216................................................... ......... GOOSE CREEK................................................................. SC....... .............. 05/18/1993 ........9.000 .................1,246,020 ................................... ................................... ................................... ................................... ................................... .................4,000,000 ....01/01/1994<br />
93225................................................... ......... SAN ANTONIO................................................................... TX....... .............. 04/22/1993 ........9.000 ....................627,992 ................................... ................................... ................................... ................................... ................................... ...............15,200,000 ....12/31/1993<br />
93229................................................... ......... FLORENCE........................................................................ SC....... .............. 01/31/1994 ........7.500 ....................794,776 ................................... ................................... ................................... ................................... ................................... .................2,635,000 ....12/31/1994<br />
93247................................................... ......... SAN ANTONIO................................................................... TX....... .............. 05/26/1994 ........7.750 ....................482,094 ................................... ................................... ................................... ................................... ................................... .................1,650,000 ....12/31/1993<br />
93248................................................... ......... LAKE JACKSON................................................................. TX....... .............. 11/23/1993 ........7.875 ....................565,969 ................................... ................................... ................................... ................................... ................................... .................1,500,000 ....12/31/1993<br />
93250................................................... ......... FLORENCE........................................................................ SC....... .............. 11/23/1993 ........8.750 ....................942,167 ................................... ................................... ................................... ................................... ................................... .................2,950,000 ....12/31/1993<br />
94209................................................... ......... LAKE CHARLES................................................................. LA....... .............. 06/27/1994 ........9.000 ....................708,477 ................................... ................................... ................................... ................................... ................................... .................2,015,000 ....01/01/1994<br />
94210................................................... ......... LAWRENCEVILLE............................................................. GA....... .............. 07/27/1994 ........8.250 .................1,889,178 ................................... ................................... ................................... ................................... ................................... .................5,475,000 ....01/01/1993<br />
94211................................................... ......... COLUMBUS........................................................................ GA....... .............. 08/19/1994 ........8.500 .................1,961,044 ................................... ................................... ................................... ................................... ................................... .................8,947,000 ....01/01/1993<br />
94222................................................... ......... FAYETTEVILLE.................................................................. NC....... .............. 09/26/1994 ........7.750 .................1,630,316 ................................... ................................... ................................... ................................... ................................... .................4,860,000 ....01/01/1994<br />
94223................................................... ......... ZEBULON........................................................................... NC....... .............. 11/23/1993 ........7.250 ....................690,301 ................................... ................................... ................................... ................................... ................................... .................2,200,000 ....12/31/1994<br />
94228................................................... ......... ATHENS............................................................................. GA....... .............. 04/07/1994 ........8.000 .................1,075,988 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....12/31/1993<br />
94233................................................... ......... JACKSON,.......................................................................... TN....... .............. 06/07/1994 ........9.125 ....................539,950 ................................... ................................... ................................... ................................... ................................... .................2,015,000 ....12/31/1993<br />
94235................................................... ......... CORNELIUS....................................................................... NC....... .............. 03/31/1994 ........7.500 .................1,588,179 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....12/31/1993<br />
94237................................................... ......... DENVER............................................................................. CO...... .............. 08/31/1994 ........7.750 ....................684,016 ................................... ................................... ................................... ................................... ................................... .................2,350,000 ....12/31/1994<br />
94239................................................... ......... OAKDALE........................................................................... MN...... .............. 07/20/1994 ........7.750 ....................676,034 ................................... ................................... ................................... ................................... ................................... .................2,000,000 ....12/31/1994<br />
94242................................................... ......... MONROE............................................................................ NC....... .............. 03/31/1994 ........8.000 .................1,076,023 ................................... ................................... ................................... ................................... ................................... .................3,335,000 ....12/31/1993<br />
94243................................................... ......... PHOENIX............................................................................ AZ....... .............. 10/27/1994 ........7.875 ....................703,710 ................................... ................................... ................................... ................................... ................................... .................2,000,000 ....12/31/1994<br />
94244................................................... ......... PEMBROKE PINES........................................................... FL........ .............. 06/27/1995 ........7.750 .................1,874,984 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....12/31/1993<br />
94245................................................... ......... PIKESVILLE........................................................................ MD...... .............. 05/06/1994 ........7.750 ....................108,995 ................................... ................................... ................................... ................................... ................................... .................3,150,000 ....12/31/1994<br />
94249................................................... ......... PANAMA CITY................................................................... FL........ .............. 03/22/1995 ........8.250 .................1,710,930 ................................... ................................... ................................... ................................... ................................... .................4,750,000 ....12/31/1994<br />
94250................................................... ......... KNOXVILLE........................................................................ TN....... .............. 07/28/1994 ........8.200 .................8,830,919 ................................... ................................... ................................... ................................... ................................... ...............18,200,000 ....12/31/1994<br />
94251................................................... ......... LAKE CHARLES................................................................. LA....... .............. 11/28/1994 ........8.500 ....................610,981 ................................... ................................... ................................... ................................... ................................... .................1,700,000 ....12/31/1994<br />
94256................................................... ......... DENVER............................................................................. CO...... .............. 08/26/1994 ........7.340 .................4,335,498 ................................... ................................... ................................... ................................... ................................... .................7,800,000 ....01/09/2003<br />
94260................................................... ......... HIGH POINT....................................................................... NC....... .............. 10/31/1994 ........8.625 .................1,651,254 ................................... ................................... ................................... ................................... ................................... .................4,535,000 ....12/31/1994<br />
94265................................................... ......... CLARKSVILLE.................................................................... IN........ .............. 12/15/1994 ........9.750 ....................464,693 ................................... ................................... ................................... ................................... ................................... .................5,750,000 ....12/31/1994<br />
95203................................................... ......... ALCOA................................................................................ TN....... .............. 05/31/1995 ........9.125 .................1,051,903 ................................... ................................... ................................... ................................... ................................... .................2,810,000 ....12/31/1995<br />
95204................................................... ......... BURLINGTON.................................................................... NC....... .............. 06/30/1995 ........9.000 .................2,555,331 ................................... ................................... ................................... ................................... ................................... .................6,430,000 ....12/31/1995<br />
95207................................................... ......... BOONE............................................................................... NC....... .............. 05/31/1995 ........9.000 .................1,574,482 ................................... ................................... ................................... ................................... ................................... .................4,565,000 ....01/01/1995<br />
95209................................................... ......... OAK RIDGE........................................................................ TN....... .............. 10/31/1995 ........8.875 ....................675,585 ................................... ................................... ................................... ................................... ................................... .................1,755,000 ....01/01/1995<br />
95212................................................... ......... ARVADA............................................................................. CO...... .............. 05/15/1995 ........9.250 ....................642,278 ................................... ................................... ................................... ................................... ................................... .................2,300,000 ....01/01/1995<br />
95217................................................... ......... GROVE CITY...................................................................... OH...... .............. 03/09/1995 ........9.500 .................5,214,630 ................................... ................................... ................................... ................................... ................................... ...............13,600,000 ....01/01/1994<br />
95219................................................... ......... MINNETONKA.................................................................... MN...... .............. 03/31/1995 ........9.375 .................1,226,855 ................................... ................................... ................................... ................................... ................................... .................4,000,000 ....01/01/1995<br />
95220................................................... ......... LAURENS........................................................................... SC....... .............. 11/16/1995 ........9.500 ....................819,997 ................................... ................................... ................................... ................................... ................................... .................1,935,000 ....01/01/1995<br />
95221................................................... ......... MANNING........................................................................... SC....... .............. 11/22/1995 ........9.625 .................1,164,956 ................................... ................................... ................................... ................................... ................................... .................2,740,000 ....01/01/1995<br />
95222................................................... ......... BOGART............................................................................. GA....... .............. 03/23/1995 ........9.375 .................1,053,279 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....01/01/1995<br />
95227................................................... ......... SANDY................................................................................ UT....... .............. 04/20/1995 ........9.500 .................3,184,686 ................................... ................................... ................................... ................................... ................................... .................9,650,000 ....01/01/1995<br />
95228................................................... ......... BROOKNEAL..................................................................... VA....... .............. 07/05/1995 ........9.125 ....................634,326 ................................... ................................... ................................... ................................... ................................... .................1,600,000 ....01/01/1995<br />
95229................................................... ......... KEYSVILLE......................................................................... VA....... .............. 07/05/1995 ........9.125 ....................870,950 ................................... ................................... ................................... ................................... ................................... .................2,200,000 ....01/01/1995<br />
95237................................................... ......... NORTH FT. MYERS........................................................... FL........ .............. 07/31/1995 ........8.570 .................2,610,192 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....01/01/1995
E04.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
95244................................................... ......... BARDSTOWN.................................................................... KY....... .............. 10/13/1995 ........7.500 .................1,382,391 ................................... ................................... ................................... ................................... ................................... .................3,840,000 ....01/01/1995<br />
95246................................................... ......... WILMINGTON..................................................................... NC....... .............. 09/13/1995 ........7.875 ....................500,591 ................................... ................................... ................................... ................................... ................................... .................5,100,000 ....01/01/1995<br />
95257................................................... ......... PINELLAS PARK................................................................ FL........ .............. 11/08/1995 ........8.250 ....................169,883 ................................... ................................... ................................... ................................... ................................... .................2,775,000 ....01/01/1995<br />
95258................................................... ......... COLUMBUS........................................................................ GA....... .............. 12/28/1995 ........8.250 .................1,231,778 ................................... ................................... ................................... ................................... ................................... .................8,947,000 ....01/01/1993<br />
95261................................................... ......... COLUMBIA......................................................................... SC....... .............. 01/26/1996 ........7.600 .................1,409,323 ................................... ................................... ................................... ................................... ................................... .................9,955,000 ....01/01/1995<br />
95262................................................... ......... GAITHERSBURG............................................................... MD...... .............. 12/21/1995 ........7.750 ....................259,809 ................................... ................................... ................................... ................................... ................................... .................2,700,000 ....01/01/1995<br />
95267................................................... ......... GREENSBORO.................................................................. NC....... .............. 11/30/1995 ........7.750 .................3,052,826 ................................... ................................... ................................... ................................... ................................... .................8,290,000 ....01/01/1995<br />
96201................................................... ......... DURHAM............................................................................ NC....... .............. 05/02/1996 ........9.625 .................1,686,926 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....01/01/1995<br />
96202................................................... ......... MARIETTA.......................................................................... GA....... .............. 02/14/1996 ........8.000 .................3,413,194 ................................... ................................... ................................... ................................... ................................... .................8,350,000 ....01/01/1996<br />
96203................................................... ......... HUNTSVILLE...................................................................... AL....... .............. 07/31/1996 ........7.875 .................2,169,676 ................................... ................................... ................................... ................................... ................................... .................5,215,000 ....01/01/1995<br />
96204................................................... ......... MORRISVILLE.................................................................... PA....... .............. 04/01/1997 ........8.500 .................4,059,521 ................................... ................................... ................................... ................................... ................................... .................9,100,000 ....01/01/1996<br />
96205................................................... ......... CHATTANOOGA................................................................ TN....... .............. 09/27/1996 ........8.125 .................1,698,366 ................................... ................................... ................................... ................................... ................................... .................4,140,000 ....01/01/1997<br />
96206................................................... ......... HIGH POINT....................................................................... NC....... .............. 02/13/1996 ........8.125 ....................617,510 ................................... ................................... ................................... ................................... ................................... .................1,695,000 ....01/01/1996<br />
96210................................................... ......... PEORIA............................................................................... AZ....... .............. 02/29/1996 ........7.750 ....................871,959 ................................... ................................... ................................... ................................... ................................... .................6,040,000 ....01/01/1996<br />
96212................................................... ......... LOUDON............................................................................. TN....... .............. 04/19/1996 ........8.500 .................1,085,695 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....01/01/1996<br />
96215................................................... ......... GREENVILLE..................................................................... SC....... .............. 09/18/1996 ........7.875 .................2,100,492 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....01/01/1996<br />
96219................................................... ......... PHOENIZ............................................................................ AZ....... .............. 03/29/1996 ........7.500 .................2,638,547 ................................... ................................... ................................... ................................... ................................... .................6,535,000 ....01/01/1995<br />
96220................................................... ......... GILBERT............................................................................. AZ....... .............. 03/29/1996 ........7.500 .................2,311,996 ................................... ................................... ................................... ................................... ................................... .................5,690,000 ....01/01/1995<br />
96221................................................... ......... GAITHERSBURG............................................................... MD...... .............. 03/01/1996 ........7.650 ....................925,337 ................................... ................................... ................................... ................................... ................................... ...............12,350,000 ....01/01/1995<br />
96224................................................... ......... WAKE FOREST.................................................................. NC....... .............. 05/17/1996 ........7.750 .................2,794,694 ................................... ................................... ................................... ................................... ................................... .................8,200,000 ....01/01/1996<br />
96225................................................... ......... LOUISVILLE....................................................................... KY....... .............. 02/01/1996 ........8.250 .................1,986,383 ................................... ................................... ................................... ................................... ................................... .................7,700,000 ....01/01/1995<br />
96232................................................... ......... PEORIA............................................................................... AZ....... .............. 06/24/1996 ........7.625 .................1,668,362 ................................... ................................... ................................... ................................... ................................... .................4,000,000 ....01/01/1996<br />
96246................................................... ......... KINGSTOWNE................................................................... VA....... .............. 12/19/1996 ........7.996 ...............12,837,162 ................................... ................................... ................................... ................................... ................................... ...............27,500,000 ....01/01/1998<br />
96251................................................... ......... AUSTIN............................................................................... TX....... .............. 06/27/1996 ........8.100 ....................651,286 ................................... ................................... ................................... ................................... ................................... .................5,300,000 ....01/01/1996<br />
96263................................................... ......... HOUSTON.......................................................................... TX....... .............. 02/06/1997 ........8.600 .................1,089,598 ................................... ................................... ................................... ................................... ................................... .................2,500,000 ....01/01/1997<br />
96265................................................... ......... HOUSTON.......................................................................... TX....... .............. 09/09/1996 ........8.600 ....................881,709 ................................... ................................... ................................... ................................... ................................... .................2,100,000 ....01/01/1996<br />
96269................................................... ......... HAZEL CREST................................................................... IL......... .............. 05/19/1997 ........8.625 .................1,421,093 ................................... ................................... ................................... ................................... ................................... .................3,025,000 ....01/01/1996<br />
96296................................................... ......... DALLAS.............................................................................. TX....... .............. 12/19/1996 ........8.000 .................3,017,438 ................................... ................................... ................................... ................................... ................................... .................7,800,000 ....01/01/1996<br />
97206................................................... ......... BRENTWOOD.................................................................... TN....... .............. 06/04/1997 ........8.400 ...............10,307,134 ................................... ................................... ................................... ................................... ................................... ...............17,400,000 ....01/01/1997<br />
97208................................................... ......... FRANKLIN.......................................................................... TN....... .............. 02/27/1998 ........8.000 .................1,898,212 ................................... ................................... ................................... ................................... ................................... .................5,225,000 ....01/01/1998<br />
97211................................................... ......... LAKEWOOD....................................................................... CO...... .............. 01/21/1997 ........8.400 .................2,742,514 ................................... ................................... ................................... ................................... ................................... .................6,100,000 ....01/01/1996<br />
97216................................................... ......... SEYMOUR.......................................................................... TN....... .............. 06/17/1997 ........8.300 .................2,042,549 ................................... ................................... ................................... ................................... ................................... .................4,400,000 ....01/01/1996<br />
97252................................................... ......... OAKDALE........................................................................... MN...... .............. 06/12/1997 ........8.000 .................3,149,819 ................................... ................................... ................................... ................................... ................................... .................6,850,000 ....01/01/1997<br />
97267................................................... ......... GAITHERSBURG............................................................... MD...... .............. 10/31/1997 ........7.310 .................3,252,549 ................................... ................................... ................................... ................................... ................................... .................9,410,000 ....08/13/2004<br />
97275................................................... ......... HUNTERSVILLE................................................................. NC....... .............. 11/15/1997 ........8.100 ...............19,892,183 ................................... ................................... ................................... ................................... ................................... ...............45,000,000 ....01/01/1997<br />
97284................................................... ......... MAPLEWOOD.................................................................... MN...... .............. 10/21/1997 ........7.800 .................1,268,522 ................................... ................................... ................................... ................................... ................................... .................3,000,000 ....01/01/1997<br />
97285................................................... ......... VENTURA........................................................................... CA....... .............. 11/03/1997 ........7.830 .................5,772,242 ................................... ................................... ................................... ................................... ................................... ...............11,000,000 ....01/01/1997<br />
97286................................................... ......... SAN ANTONIO................................................................... TX....... .............. 12/15/1997 ........7.780 .................1,283,158 ................................... ................................... ................................... ................................... ................................... .................2,825,000 ....01/01/1997<br />
97310................................................... ......... EAGAN................................................................................ MN...... .............. 12/30/1997 ........7.860 .................2,895,390 ................................... ................................... ................................... ................................... ................................... .................6,900,000 ....01/01/1997<br />
97313................................................... ......... CHAMPAIGN...................................................................... IL......... .............. 12/23/1997 ........7.800 .................3,062,496 ................................... ................................... ................................... ................................... ................................... .................8,110,000 ....01/01/1997<br />
97315................................................... ......... MARIETTA.......................................................................... GA....... .............. 12/22/1997 ........7.800 .................3,146,235 ................................... ................................... ................................... ................................... ................................... .................8,870,000 ....01/01/1997<br />
98201................................................... ......... BRISTOL............................................................................. TN....... .............. 05/14/1998 ........8.650 .................6,021,215 ................................... ................................... ................................... ................................... ................................... ...............12,000,000 ....01/01/1997<br />
98214................................................... ......... BLUFFTON......................................................................... SC....... .............. 07/06/1998 ........7.650 .................3,156,358 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....01/01/1998<br />
98216................................................... ......... SANTA CLARA................................................................... CA....... .............. 12/30/1997 ........7.170 .................4,035,644 ................................... ................................... ................................... ................................... ................................... ...............13,000,000 ....01/01/1997<br />
98217................................................... ......... CHANHASSEN................................................................... MN...... .............. 02/25/1998 ........7.280 .................4,253,975 ................................... ................................... ................................... ................................... ................................... .................7,400,000 ....01/01/1998<br />
98220................................................... ......... GREENVILLE..................................................................... SC....... .............. 03/26/1998 ........7.375 .................1,715,194 ................................... ................................... ................................... ................................... ................................... .................6,670,000 ....01/01/1998<br />
98221................................................... ......... CORAL SPRINGS.............................................................. FL........ .............. 02/12/1998 ........7.200 .................1,107,101 ................................... ................................... ................................... ................................... ................................... .................2,520,000 ....01/01/1998<br />
98223................................................... ......... KENOSHA.......................................................................... WI....... .............. 04/30/1998 ........6.950 .................1,223,777 ................................... ................................... ................................... ................................... ................................... .................4,700,000 ....01/01/1998<br />
98230................................................... ......... BLOOMINGDALE............................................................... IL......... .............. 07/21/1998 ........7.250 .................5,240,362 ................................... ................................... ................................... ................................... ................................... ...............10,775,000 ....01/01/1998<br />
98239................................................... ......... STURTEVANT.................................................................... WI....... .............. 09/11/1998 ........7.260 .................1,456,042 ................................... ................................... ................................... ................................... ................................... .................2,950,000 ....01/01/1998<br />
98241................................................... ......... PASADENA........................................................................ TX....... .............. 11/30/1998 ........7.150 .................1,300,918 ................................... ................................... ................................... ................................... ................................... .................2,700,000 ....01/01/1998
E04.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
98243................................................... ......... CROSBY............................................................................. TX....... .............. 10/30/1998 ........7.100 ....................972,344 ................................... ................................... ................................... ................................... ................................... .................2,000,000 ....01/01/1998<br />
98253................................................... ......... CHANTILLY........................................................................ VA....... .............. 08/06/1998 ........7.150 .................2,785,946 ................................... ................................... ................................... ................................... ................................... .................6,504,669 ....05/18/2004<br />
98258................................................... ......... LAKE ZURICH.................................................................... IL......... .............. 02/12/1999 ........7.040 .................1,505,087 ................................... ................................... ................................... ................................... ................................... .................2,665,000 ....01/01/1998<br />
98260................................................... ......... DENVER............................................................................. CO...... .............. 07/21/1998 ........6.770 .................2,203,239 ................................... ................................... ................................... ................................... ................................... .................3,690,000 ....09/01/2006<br />
98263................................................... ......... EL PASO............................................................................. TX....... .............. 08/18/1998 ........6.950 .................7,472,558 ................................... ................................... ................................... ................................... ................................... ...............11,850,000 ....01/01/1998<br />
98272................................................... ......... SCHERERVILLE................................................................ IN........ .............. 11/09/1998 ........7.000 .................2,476,873 ................................... ................................... ................................... ................................... ................................... .................4,200,000 ....01/01/1998<br />
98274................................................... ......... EAGAN................................................................................ MN...... .............. 10/22/1998 ........7.000 .................1,039,490 ................................... ................................... ................................... ................................... ................................... .................2,150,000 ....01/01/1998<br />
98287................................................... ......... HOUSTON.......................................................................... TX....... .............. 12/31/1998 ........7.000 .................1,610,974 ................................... ................................... ................................... ................................... ................................... .................5,050,000 ....01/01/1998<br />
99205................................................... ......... STUART.............................................................................. FL........ .............. 10/25/1999 ........7.220 ...............13,531,960 ................................... ................................... ................................... ................................... ................................... ...............23,450,000 ....01/01/1999<br />
99206................................................... ......... FUQUAY VARINA.............................................................. NC....... .............. 09/17/1999 ........7.200 .................2,653,894 ................................... ................................... ................................... ................................... ................................... .................4,675,000 ....01/01/1999<br />
99207................................................... ......... GALVESTON...................................................................... TX....... .............. 12/03/1999 ........7.000 .................1,410,379 ................................... ................................... ................................... ................................... ................................... .................2,700,000 ....01/01/1999<br />
99208................................................... ......... HUNTSVILLE...................................................................... TX....... .............. 03/15/1999 ........7.000 .................1,792,666 ................................... ................................... ................................... ................................... ................................... .................3,500,000 ....01/01/1999<br />
99210................................................... ......... TEXAS CITY....................................................................... TX....... .............. 03/15/1999 ........7.000 .................1,570,754 ................................... ................................... ................................... ................................... ................................... .................3,250,000 ....01/01/1999<br />
99231................................................... ......... PALM CITY......................................................................... FL........ .............. 02/10/1999 ........7.125 .................2,461,276 ................................... ................................... ................................... ................................... ................................... .................4,200,000 ....01/01/1999<br />
99232................................................... ......... ELMHURST........................................................................ IL......... .............. 03/31/1999 ........7.000 .................4,047,778 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....01/01/1999<br />
99243................................................... ......... CHANHASSEN................................................................... MN...... .............. 06/29/1999 ........7.280 .................1,694,256 ................................... ................................... ................................... ................................... ................................... .................2,900,000 ....01/01/1999<br />
99246................................................... ......... ST.PETERSBURG B.......................................................... FL........ .............. 05/27/1999 ........7.000 .................1,380,834 ................................... ................................... ................................... ................................... ................................... .................2,900,000 ....01/01/1999<br />
99247................................................... ......... FAYETTEVILLE.................................................................. NC....... .............. 06/23/1999 ........7.250 .................1,258,963 ................................... ................................... ................................... ................................... ................................... .................2,410,000 ....01/01/1999<br />
99256................................................... ......... MONTGOMERY................................................................. IL......... .............. 07/28/1999 ........7.250 .................2,448,222 ................................... ................................... ................................... ................................... ................................... .................4,400,000 ....01/01/1999<br />
99268................................................... ......... WILMINGTON..................................................................... NC....... .............. 01/31/2000 ........8.680 .................1,806,734 ................................... ................................... ................................... ................................... ................................... .................3,645,000 ....01/01/1999<br />
99274................................................... ......... HENDERSONVILLE........................................................... TN....... .............. 09/03/1999 ........7.750 .................2,497,398 ................................... ................................... ................................... ................................... ................................... .................7,075,000 ....01/01/1999<br />
99284................................................... ......... SAN RAFAEL..................................................................... CA....... .............. 12/29/1999 ........8.070 .................2,249,502 ................................... ................................... ................................... ................................... ................................... .................4,360,000 ....01/01/1999<br />
99285................................................... ......... TEMPE................................................................................ AZ....... .............. 12/08/1999 ........8.100 .................2,347,609 ................................... ................................... ................................... ................................... ................................... .................3,975,000 ....01/01/1999<br />
99286................................................... ......... ESCONDIDO...................................................................... CA....... .............. 12/29/1999 ........8.060 .................2,596,858 ................................... ................................... ................................... ................................... ................................... .................4,135,000 ....01/01/1999<br />
99287................................................... ......... HOUSTON.......................................................................... TX....... .............. 12/20/1999 ........8.350 .................2,024,885 ................................... ................................... ................................... ................................... ................................... .................3,650,000 ....01/01/1999<br />
99288................................................... ......... ENGLEWOOD.................................................................... CO...... .............. 12/21/1999 ........8.500 .................6,976,749 ................................... ................................... ................................... ................................... ................................... ...............11,100,000 ....01/01/1999<br />
99289................................................... ......... HOUSTON.......................................................................... TX....... .............. 12/15/1999 ........8.500 .................3,953,673 ................................... ................................... ................................... ................................... ................................... .................7,500,000 ....01/01/1999<br />
99290................................................... ......... MORROW........................................................................... GA....... .............. 12/15/1999 ........8.500 .................3,999,361 ................................... ................................... ................................... ................................... ................................... .................8,200,000 ....01/01/1999<br />
99296................................................... ......... ROCKY RIVER................................................................... OH...... .............. 02/09/2000 ........8.250 .................2,084,619 ................................... ................................... ................................... ................................... ................................... .................3,750,000 ....01/01/2000<br />
99297................................................... ......... FOUNTAIN VALLEY........................................................... CA....... .............. 12/30/1999 ........7.980 .................2,726,891 ................................... ................................... ................................... ................................... ................................... .................6,550,000 ....01/01/1999<br />
99298................................................... ......... MEMPHIS........................................................................... TN....... .............. 12/28/1999 ........8.060 ...............12,830,264 ................................... ................................... ................................... ................................... ................................... ...............23,250,000 ....01/01/1999<br />
99301................................................... ......... LAS VEGAS........................................................................ NV....... .............. 12/29/1999 ........8.200 .................4,496,519 ................................... ................................... ................................... ................................... ................................... .................7,060,000 ....01/01/1999<br />
99302................................................... ......... LAS VEGAS........................................................................ NV....... .............. 12/29/1999 ........8.200 .................3,600,223 ................................... ................................... ................................... ................................... ................................... .................5,650,000 ....01/01/1999<br />
99303................................................... ......... LAS VEGAS........................................................................ NV....... .............. 12/29/1999 ........8.200 .................3,822,276 ................................... ................................... ................................... ................................... ................................... .................6,000,000 ....01/01/1999<br />
99304................................................... ......... LAS VEGAS........................................................................ NV....... .............. 12/29/1999 ........8.200 .................3,850,075 ................................... ................................... ................................... ................................... ................................... .................6,040,000 ....01/01/1999<br />
99305................................................... ......... HENDERSON..................................................................... NV....... .............. 12/29/1999 ........8.200 .................3,430,363 ................................... ................................... ................................... ................................... ................................... .................5,380,000 ....01/01/1999<br />
99306................................................... ......... LAS VEGAS........................................................................ NV....... .............. 12/29/1999 ........8.200 .................3,628,572 ................................... ................................... ................................... ................................... ................................... .................5,700,000 ....01/01/1999<br />
00A53604............................................. ......... OAKLAND........................................................................... CA....... .............. 12/31/1998 ........6.500 ......................83,213 ................................... ................................... ................................... ................................... ................................... ....................350,000 ....12/31/1984<br />
00A54323............................................. ......... SAN LORENZO.................................................................. CA....... .............. 12/31/1998 ........6.500 ......................78,185 ................................... ................................... ................................... ................................... ................................... ....................410,000 ....12/31/1984<br />
00A56153............................................. ......... OAKLAND........................................................................... CA....... .............. 12/31/1998 ........6.500 ......................75,651 ................................... ................................... ................................... ................................... ................................... ....................260,000 ....12/31/1984<br />
00A56716............................................. ......... SAN FRANCISCO.............................................................. CA....... .............. 12/31/1998 ........7.750 ......................53,079 ................................... ................................... ................................... ................................... ................................... ....................225,000 ....12/31/1984<br />
00A58738............................................. ......... SAN FRANCISCO.............................................................. CA....... .............. 12/31/1998 ........6.250 ......................58,405 ................................... ................................... ................................... ................................... ................................... ....................445,000 ....12/31/1985<br />
00A60401............................................. ......... SAN JOSE.......................................................................... CA....... .............. 12/31/1998 ........6.500 ....................100,439 ................................... ................................... ................................... ................................... ................................... ....................330,000 ....12/31/1985<br />
00A62910............................................. ......... SAN JOSE.......................................................................... CA....... .............. 12/31/1998 ........5.750 ......................88,639 ................................... ................................... ................................... ................................... ................................... ....................290,000 ....12/31/1985<br />
00A63124............................................. ......... SUNNYVALE...................................................................... CA....... .............. 12/31/1998 ........5.750 ....................152,609 ................................... ................................... ................................... ................................... ................................... ....................570,000 ....12/31/1985<br />
00A95263............................................. ......... SAN ANTONIO................................................................... TX....... .............. 11/20/1995 ........7.750 ....................789,042 ................................... ................................... ................................... ................................... ................................... .................2,125,000 ....01/01/1995<br />
00A96234............................................. ......... FRANKLIN.......................................................................... TN....... .............. 01/01/1997 ........7.625 .................2,769,669 ................................... ................................... ................................... ................................... ................................... .................7,450,000 ....01/01/1996<br />
00A96238............................................. ......... LOS ALTOS........................................................................ CA....... .............. 05/16/1996 ........7.125 .................1,070,543 ................................... ................................... ................................... ................................... ................................... .................4,300,000 ....12/31/1996<br />
00A96244............................................. ......... LILLINGTON....................................................................... NC....... .............. 08/18/1997 ........8.500 .................1,314,707 ................................... ................................... ................................... ................................... ................................... .................2,735,000 ....01/01/1996<br />
00A96255............................................. ......... KANSAS CITY.................................................................... MO...... .............. 09/30/1996 ........8.375 ....................746,770 ................................... ................................... ................................... ................................... ................................... .................3,650,000 ....12/31/1996<br />
00A96260............................................. ......... BLOOMINGTON................................................................. IN........ .............. 12/18/1998 ........7.250 .................2,640,400 ................................... ................................... ................................... ................................... ................................... .................5,220,000 ....12/31/1996
E04.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
00A96294............................................. ......... ROCHESTER..................................................................... MN...... .............. 12/05/1996 ........7.875 .................2,596,674 ................................... ................................... ................................... ................................... ................................... .................6,350,000 ....12/31/1996<br />
00A97202............................................. ......... MOBILE............................................................................... AL....... .............. 12/18/1997 ........8.375 .................3,647,579 ................................... ................................... ................................... ................................... ................................... .................6,560,000 ....12/31/1997<br />
00A97203............................................. ......... MOBILE............................................................................... AL....... .............. 08/18/1997 ........8.375 .................2,973,009 ................................... ................................... ................................... ................................... ................................... .................6,000,000 ....12/31/1997<br />
00A97215............................................. ......... INDIANAPOLIS................................................................... IN........ .............. 08/25/1997 ........8.500 .................3,270,522 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....12/31/1997<br />
00A97226............................................. ......... THEODORE........................................................................ AL....... .............. 04/10/1997 ........8.625 .................1,955,411 ................................... ................................... ................................... ................................... ................................... .................4,300,000 ....12/31/1998<br />
00A97227............................................. ......... N. MYRTLE BEACH........................................................... SC....... .............. 09/19/1997 ........8.250 .................2,845,316 ................................... ................................... ................................... ................................... ................................... .................6,130,000 ....02/03/1999<br />
00A97229............................................. ......... DENTON............................................................................. TX....... .............. 03/31/1997 ........7.860 ....................606,005 ................................... ................................... ................................... ................................... ................................... .................2,200,000 ....01/01/1996<br />
00A97237............................................. ......... HOUSTON.......................................................................... TX....... .............. 02/27/1997 ........7.900 .................7,319,129 ................................... ................................... ................................... ................................... ................................... ...............13,300,000 ....01/01/1997<br />
00A97238............................................. ......... PEARLAND......................................................................... TX....... .............. 07/02/1997 ........8.375 ....................751,434 ................................... ................................... ................................... ................................... ................................... .................2,100,000 ....01/01/1996<br />
00A97239............................................. ......... PASADENA........................................................................ TX....... .............. 07/02/1997 ........8.250 ....................981,866 ................................... ................................... ................................... ................................... ................................... .................2,200,000 ....01/01/1997<br />
00A97240............................................. ......... HOUSTON.......................................................................... TX....... .............. 09/16/1997 ........8.250 ....................969,351 ................................... ................................... ................................... ................................... ................................... .................2,100,000 ....01/01/1997<br />
00A97241............................................. ......... HOUSTON.......................................................................... TX....... .............. 07/02/1997 ........8.250 ....................784,229 ................................... ................................... ................................... ................................... ................................... .................1,700,000 ....01/01/1997<br />
00A97242............................................. ......... HOUSTON.......................................................................... TX....... .............. 09/16/1997 ........8.250 .................1,010,908 ................................... ................................... ................................... ................................... ................................... .................2,200,000 ....01/01/1997<br />
00A97243............................................. ......... HOUSTON.......................................................................... TX....... .............. 09/16/1997 ........8.250 .................1,166,132 ................................... ................................... ................................... ................................... ................................... .................2,500,000 ....01/01/1997<br />
00A97246............................................. ......... DES MOINES..................................................................... IA........ .............. 03/01/2002 ........6.700 .................6,045,903 ................................... ................................... ................................... ................................... ................................... ...............11,800,000 ....12/28/2004<br />
00A97248............................................. ......... HILLSBOROUGH............................................................... NC....... .............. 05/16/1997 ........8.250 .................1,213,103 ................................... ................................... ................................... ................................... ................................... .................2,850,000 ....01/01/1997<br />
00A97250............................................. ......... MIAMI.................................................................................. FL........ .............. 05/16/1997 ........8.050 .................3,010,959 ................................... ................................... ................................... ................................... ................................... .................8,000,000 ....12/31/1997<br />
00A97253............................................. ......... INGLEWOOD...................................................................... CA....... .............. 07/02/1997 ........8.375 .................1,764,563 ................................... ................................... ................................... ................................... ................................... .................3,915,000 ....12/31/1997<br />
00A97258............................................. ......... FARMINGTON HILL........................................................... MI........ .............. 09/17/1997 ........8.260 .................1,221,020 ................................... ................................... ................................... ................................... ................................... .................4,600,000 ....12/31/1997<br />
00A97260............................................. ......... BELTSVILLE....................................................................... MD...... .............. 11/20/1997 ........8.250 .................2,057,282 ................................... ................................... ................................... ................................... ................................... .................5,300,000 ....12/31/1997<br />
00A97290............................................. ......... GRESHAM.......................................................................... OR...... .............. 11/03/1997 ........7.800 .................1,679,928 ................................... ................................... ................................... ................................... ................................... .................3,800,000 ....01/01/1997<br />
00A97300............................................. ......... KANSAS CITY.................................................................... MO...... .............. 09/30/2000 ........7.700 .................4,368,745 ................................... ................................... ................................... ................................... ................................... ...............15,150,000 ....12/31/1997<br />
00A97311............................................. ......... GREENSBORO.................................................................. NC....... .............. 11/14/1997 ........7.380 .................1,523,795 ................................... ................................... ................................... ................................... ................................... .................2,980,000 ....01/01/1997<br />
00A97312............................................. ......... GREENSBORO.................................................................. NC....... .............. 11/14/1997 ........7.280 .................6,532,097 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....01/01/1997<br />
00A98206............................................. ......... TRUSSVILLE...................................................................... AL....... .............. 09/15/1998 ........7.625 .................3,337,894 ................................... ................................... ................................... ................................... ................................... .................6,290,000 ....12/31/1998<br />
00A98208............................................. ......... MONTGOMERY................................................................. AL....... .............. 02/18/1998 ........8.047 .................7,528,060 ................................... ................................... ................................... ................................... ................................... ...............13,160,000 ....12/31/1999<br />
00A98244............................................. ......... PFLUGERVILLE................................................................. TX....... .............. 10/30/1998 ........7.100 .................1,198,896 ................................... ................................... ................................... ................................... ................................... .................2,600,000 ....01/01/1998<br />
00A98245............................................. ......... SEABROOK........................................................................ TX....... .............. 12/21/1998 ........7.200 .................1,166,065 ................................... ................................... ................................... ................................... ................................... .................2,400,000 ....01/01/1998<br />
00A98259............................................. ......... PLYMOUTH........................................................................ MN...... .............. 09/17/1998 ........7.000 ....................856,605 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....12/31/1998<br />
00A98278............................................. ......... ROCKLEDGE..................................................................... FL........ .............. 11/30/1998 ........7.000 ....................813,456 ................................... ................................... ................................... ................................... ................................... .................1,825,000 ....12/31/1998<br />
00A99240............................................. ......... WAUKEGAN....................................................................... IL......... .............. 05/25/1999 ........6.800 .................4,205,906 ................................... ................................... ................................... ................................... ................................... ...............12,120,000 ....12/31/1999<br />
00A99248............................................. ......... NEWARK............................................................................ CA....... .............. 10/01/1999 ........7.250 .................1,952,507 ................................... ................................... ................................... ................................... ................................... .................7,650,000 ....12/31/1999<br />
00A99249............................................. ......... SPRINGFIELD.................................................................... VA....... .............. 07/16/1999 ........6.900 ...............12,000,000 ................................... ................................... ................................... ................................... ................................... ...............24,500,000 ....01/01/1999<br />
00A99250............................................. ......... DALLAS.............................................................................. TX....... .............. 05/27/1999 ........6.980 .................7,435,675 ................................... ................................... ................................... ................................... ................................... ...............14,700,000 ....01/01/1999<br />
00A99253............................................. ......... OAKDALE........................................................................... MN...... .............. 05/28/1999 ........7.230 .................2,002,663 ................................... ................................... ................................... ................................... ................................... .................4,280,000 ....12/31/1999<br />
00A99254............................................. ......... VISTA.................................................................................. CA....... .............. 07/29/1999 ........7.160 .................3,321,037 ................................... ................................... ................................... ................................... ................................... .................5,100,000 ....12/31/1999<br />
00A99262............................................. ......... MORRISVILLE.................................................................... NC....... .............. 10/28/1999 ........7.450 .................2,686,444 ................................... ................................... ................................... ................................... ................................... .................4,100,000 ....01/01/1999<br />
00A99263............................................. ......... MORRISVILLE.................................................................... NC....... .............. 10/28/1999 ........7.450 .................2,734,998 ................................... ................................... ................................... ................................... ................................... .................4,500,000 ....01/01/1999<br />
00A99293............................................. ......... SEFFNER........................................................................... FL........ .............. 01/27/2000 ........8.000 .................2,384,285 ................................... ................................... ................................... ................................... ................................... .................3,800,000 ....12/31/1999<br />
00C20216............................................ ......... POWAY............................................................................... CA....... .............. 05/30/2000 ........8.040 .................2,537,229 ................................... ................................... ................................... ................................... ................................... .................4,160,000 ....12/31/2000<br />
00C20219............................................ ......... RIVERSIDE......................................................................... CA....... .............. 06/07/2000 ........7.950 .................1,650,091 ................................... ................................... ................................... ................................... ................................... .................2,950,000 ....12/31/2000<br />
00C20223............................................ ......... WAUKEGAN....................................................................... IL......... .............. 09/30/2000 ........8.240 .................2,105,240 ................................... ................................... ................................... ................................... ................................... .................3,500,000 ....12/31/2000<br />
00C20224............................................ ......... EDINA................................................................................. MN...... .............. 09/30/2000 ........8.550 .................2,156,215 ................................... ................................... ................................... ................................... ................................... .................3,330,000 ....12/31/2000<br />
00C20225............................................ ......... COLUMBIA......................................................................... MD...... .............. 08/01/2000 ........8.290 .................2,482,878 ................................... ................................... ................................... ................................... ................................... .................5,300,000 ....12/31/2000<br />
00C20226............................................ ......... WAUKEGAN....................................................................... IL......... .............. 12/21/2000 ........8.230 .................4,140,033 ................................... ................................... ................................... ................................... ................................... .................8,990,000 ....12/31/2000<br />
00C20241............................................ ......... COLDWATER..................................................................... MI........ .............. 12/18/2000 ........8.250 .................1,943,164 ................................... ................................... ................................... ................................... ................................... .................3,365,000 ....10/04/2000<br />
00C20242............................................ ......... EVANSTON........................................................................ IL......... .............. 12/21/2000 ........8.050 .................2,068,789 ................................... ................................... ................................... ................................... ................................... .................3,365,000 ....12/31/2000<br />
00C20243............................................ ......... WEST SACRAMENTO....................................................... CA....... .............. 12/14/2000 ........7.920 .................3,181,487 ................................... ................................... ................................... ................................... ................................... .................4,935,000 ....12/31/2000<br />
00C20249............................................ ......... WILMINGTON..................................................................... MA...... .............. 01/03/2001 ........8.100 .................2,890,508 ................................... ................................... ................................... ................................... ................................... .................4,500,000 ....11/14/2000<br />
00C20253............................................ ......... NOVATO............................................................................. CA....... .............. 12/28/2000 ........8.250 .................2,902,143 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....11/08/2000<br />
00C20254............................................ ......... HOUSTON.......................................................................... TX....... .............. 01/17/2001 ........8.000 .................2,583,708 ................................... ................................... ................................... ................................... ................................... .................4,000,000 ....12/15/2000<br />
00C21213............................................ ......... WEST SACRAMENTO....................................................... CA....... .............. 03/06/2001 ........7.900 .................3,324,376 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....02/05/2001
E04.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
00C21215............................................ ......... LINCOLN............................................................................ NE....... .............. 01/31/2001 ........7.650 .................4,166,743 ................................... ................................... ................................... ................................... ................................... .................6,500,000 ....12/04/2000<br />
00C21218............................................ ......... KANSAS CITY.................................................................... MO...... .............. 03/30/2001 ........7.800 .................1,176,378 ................................... ................................... ................................... ................................... ................................... .................2,600,000 ....01/16/2001<br />
00C21221............................................ ......... CYPRESS........................................................................... CA....... .............. 03/21/2001 ........7.450 .................3,775,153 ................................... ................................... ................................... ................................... ................................... .................8,400,000 ....02/20/2001<br />
00C21222............................................ ......... CYPRESS........................................................................... CA....... .............. 03/21/2001 ........7.450 .................3,646,501 ................................... ................................... ................................... ................................... ................................... .................6,900,000 ....02/20/2001<br />
00C21224............................................ ......... CYPRESS........................................................................... CA....... .............. 07/05/2001 ........7.530 .................5,191,885 ................................... ................................... ................................... ................................... ................................... ...............10,800,000 ....05/09/2001<br />
00C21249............................................ ......... PLANO................................................................................ TX....... .............. 07/16/2001 ........7.430 .................1,947,763 ................................... ................................... ................................... ................................... ................................... .................4,100,000 ....06/09/2001<br />
00C21250............................................ ......... SUGAR LAND.................................................................... TX....... .............. 09/28/2001 ........7.500 .................4,832,462 ................................... ................................... ................................... ................................... ................................... .................7,400,000 ....08/30/2001<br />
00C21251............................................ ......... GREENVILLE..................................................................... SC....... .............. 08/28/2001 ........7.650 .................1,588,576 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....07/31/2001<br />
00C21260............................................ ......... TOLLESON......................................................................... AZ....... .............. 12/06/2001 ........7.310 .................5,187,298 ................................... ................................... ................................... ................................... ................................... ...............11,200,000 ....09/17/2001<br />
00C21267............................................ ......... PEACHTREE CITY............................................................ GA....... .............. 04/02/2002 ........7.010 .................6,429,534 ................................... ................................... ................................... ................................... ................................... .................9,800,000 ....07/01/2002<br />
00C21270............................................ ......... LENEXA.............................................................................. KS....... .............. 12/12/2001 ........7.000 .................3,131,116 ................................... ................................... ................................... ................................... ................................... .................5,300,000 ....11/16/2001<br />
00C21271............................................ ......... FAYETTEVILLE.................................................................. NC....... .............. 02/14/2002 ........7.250 .................1,485,796 ................................... ................................... ................................... ................................... ................................... .................2,520,000 ....01/11/2002<br />
00C21274............................................ ......... O'FALLON.......................................................................... MO...... .............. 01/10/2002 ........7.360 .................2,575,934 ................................... ................................... ................................... ................................... ................................... .................4,500,000 ....11/27/2001<br />
00C21550............................................ ......... CARROLLTON................................................................... TX....... .............. 11/30/1998 ........9.875 ......................64,655 ................................... ................................... ................................... ................................... ................................... .................1,950,000 ....01/01/1979<br />
00C22205............................................ ......... GRAYSON.......................................................................... GA....... .............. 03/28/2002 ........6.950 .................6,950,443 ................................... ................................... ................................... ................................... ................................... ...............10,700,000 ....03/05/2002<br />
00C22206............................................ ......... TEMPE................................................................................ AZ....... .............. 01/16/2002 ........6.950 ...............10,321,763 ................................... ................................... ................................... ................................... ................................... ...............17,790,000 ....12/14/2001<br />
00C22216............................................ ......... LOUISVILLE....................................................................... KY....... .............. 07/25/2002 ........6.880 .................7,539,966 ................................... ................................... ................................... ................................... ................................... ...............12,500,000 ....03/22/2002<br />
00C22223............................................ ......... BROWNSBURG................................................................. IN........ .............. 06/19/2002 ........7.410 .................9,586,495 ................................... ................................... ................................... ................................... ................................... ...............14,800,000 ....06/14/2002<br />
00C22226............................................ ......... SAN FRANCISCO.............................................................. CA....... .............. 09/05/2002 ........7.000 ....................687,487 ................................... ................................... ................................... ................................... ................................... .................8,275,000 ....07/16/2002<br />
00C22233............................................ ......... ROCK HILL......................................................................... SC....... .............. 08/27/2002 ........6.930 ...............11,493,261 ................................... ................................... ................................... ................................... ................................... ...............18,200,000 ....06/04/2002<br />
00C22234............................................ ......... NAPERVILLE...................................................................... IL......... .............. 11/21/2002 ........7.500 .................2,885,649 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....08/23/2002<br />
00C22235............................................ ......... CARMEL............................................................................. IN........ .............. 10/09/2002 ........7.150 .................3,672,765 ................................... ................................... ................................... ................................... ................................... .................8,300,000 ....01/09/2008<br />
00C22237............................................ ......... MEMPHIS........................................................................... TN....... .............. 08/26/2002 ........6.770 .................3,741,354 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....07/30/2002<br />
00C22238............................................ ......... ORO VALLEY..................................................................... AZ....... .............. 09/30/2002 ........6.640 .................2,114,181 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....08/22/2002<br />
00C22252............................................ ......... LEWISVILLE....................................................................... TX....... .............. 12/17/2002 ........6.040 .................2,286,774 ................................... ................................... ................................... ................................... ................................... .................3,750,000 ....11/08/2002<br />
00C22254............................................ ......... NAPERVILLE...................................................................... IL......... .............. 12/20/2002 ........6.250 .................1,839,802 ................................... ................................... ................................... ................................... ................................... .................3,500,000 ....11/14/2002<br />
00C22257............................................ ......... ROSEVILLE........................................................................ CA....... .............. 01/30/2003 ........5.760 ...............19,267,501 ................................... ................................... ................................... ................................... ................................... ...............34,000,000 ....11/13/2002<br />
00C23205............................................ ......... IRVINE................................................................................ CA....... .............. 07/17/2003 ........6.090 .................7,766,526 ................................... ................................... ................................... ................................... ................................... ...............12,400,000 ....01/02/2003<br />
00C23209............................................ ......... LAS VEGAS........................................................................ NV....... .............. 06/30/2003 ........5.730 .................2,442,880 ................................... ................................... ................................... ................................... ................................... .................4,500,000 ....04/09/2003<br />
00C23215............................................ ......... WICHITA............................................................................. KS....... .............. 06/13/2003 ........5.760 .................2,131,065 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....06/01/2003<br />
00C23216............................................ ......... ALPHARETTA.................................................................... GA....... .............. 07/29/2003 ........5.980 .................5,191,357 ................................... ................................... ................................... ................................... ................................... .................8,300,000 ....07/01/2003<br />
00C23219............................................ ......... SPRINGFIELD.................................................................... VA....... .............. 07/31/2003 ........6.040 .................6,870,122 ................................... ................................... ................................... ................................... ................................... ...............12,000,000 ....06/13/2003<br />
00C23223............................................ ......... ALPHARETTA.................................................................... GA....... .............. 07/29/2003 ........5.980 .................7,317,904 ................................... ................................... ................................... ................................... ................................... ...............12,100,000 ....07/01/2003<br />
00C23224............................................ ......... CORONA............................................................................ CA....... .............. 08/06/2003 ........5.250 .................2,598,448 ................................... ................................... ................................... ................................... ................................... .................4,250,000 ....07/17/2003<br />
00C23226............................................ ......... GREENVILLE..................................................................... SC....... .............. 08/14/2003 ........4.200 .................4,083,578 ................................... ................................... ................................... ................................... ................................... .................9,175,000 ....08/12/2003<br />
00C23227............................................ ......... MACEDONIA...................................................................... OH...... .............. 08/14/2003 ........5.500 .................1,467,734 ................................... ................................... ................................... ................................... ................................... .................2,830,000 ....06/26/2003<br />
00C23228............................................ ......... PHOENIX............................................................................ AZ....... .............. 08/28/2003 ........5.260 .................2,560,734 ................................... ................................... ................................... ................................... ................................... .................5,235,000 ....06/20/2003<br />
00C23229............................................ ......... ONTARIO............................................................................ CA....... .............. 09/03/2003 ........4.920 .................2,715,373 ................................... ................................... ................................... ................................... ................................... .................4,600,000 ....08/15/2003<br />
00C23236............................................ ......... ROCKLEDGE..................................................................... FL........ .............. 10/27/2003 ........5.690 .................1,351,685 ................................... ................................... ................................... ................................... ................................... .................2,775,000 ....08/13/2003<br />
00C23239............................................ ......... AURORA............................................................................. IL......... .............. 02/12/2004 ........5.720 .................3,418,572 ................................... ................................... ................................... ................................... ................................... .................5,700,000 ....06/06/2003<br />
00C23240............................................ ......... WILLOWBROOK................................................................ IL......... .............. 02/12/2004 ........5.720 .................1,857,729 ................................... ................................... ................................... ................................... ................................... .................3,230,000 ....06/09/2003<br />
00C23241............................................ ......... BOLINGBROOK................................................................. IL......... .............. 02/12/2004 ........5.720 .................1,021,076 ................................... ................................... ................................... ................................... ................................... .................1,730,000 ....11/04/2003<br />
00C23243............................................ ......... WESTLAKE VILLAGE........................................................ CA....... .............. 10/30/2003 ........5.950 ...............15,210,789 ................................... ................................... ................................... ................................... ................................... ...............25,200,000 ....09/12/2003<br />
00C23244............................................ ......... ORANGE............................................................................ CA....... .............. 11/24/2003 ........5.960 .................2,780,205 ................................... ................................... ................................... ................................... ................................... .................6,210,000 ....10/08/2003<br />
00C23245............................................ ......... LAWRENCE........................................................................ KS....... .............. 10/31/2003 ........6.250 .................2,201,262 ................................... ................................... ................................... ................................... ................................... .................3,925,000 ....09/22/2003<br />
00C23255............................................ ......... NEWBURGH....................................................................... IN........ .............. 12/16/2003 ........5.700 .................5,036,263 ................................... ................................... ................................... ................................... ................................... .................8,200,000 ....10/29/2003<br />
00C23265............................................ ......... Germantown....................................................................... TN....... .............. 12/16/2003 ........5.700 .................9,408,330 ................................... ................................... ................................... ................................... ................................... ...............18,400,000 ....11/29/2006<br />
00C23266............................................ ......... UNIVERSITY CITY............................................................. MO...... .............. 12/16/2003 ........5.700 .................4,704,185 ................................... ................................... ................................... ................................... ................................... .................8,000,000 ....11/20/2003<br />
00C23269............................................ ......... AVENTURA........................................................................ FL........ .............. 12/31/2003 ........6.210 .................6,043,451 ................................... ................................... ................................... ................................... ................................... .................9,600,000 ....12/03/2003<br />
00C23272............................................ ......... IRVINE................................................................................ CA....... .............. 01/29/2004 ........5.850 .................2,072,966 ................................... ................................... ................................... ................................... ................................... .................3,580,000 ....12/09/2003<br />
00C23273............................................ ......... RALEIGH............................................................................ NC....... .............. 02/09/2004 ........5.570 .................5,759,272 ................................... ................................... ................................... ................................... ................................... ...............14,500,000 ....01/20/2004
E04.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
00C23274............................................ ......... SHELBY TOWNSHIP......................................................... MI........ .............. 01/30/2004 ........5.630 .................2,549,128 ................................... ................................... ................................... ................................... ................................... .................4,100,000 ....12/15/2003<br />
00C24206............................................ ......... BEDFORD PARK............................................................... IL......... .............. 04/30/2004 ........4.900 .................2,466,788 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....02/03/2004<br />
00C24208............................................ ......... LAKE OSWEGO................................................................. OR...... .............. 07/22/2004 ........5.500 ...............17,875,537 ................................... ................................... ................................... ................................... ................................... ...............27,730,000 ....05/14/2004<br />
00C24210............................................ ......... MIAMI LAKES..................................................................... FL........ .............. 03/26/2004 ........5.640 .................4,964,215 ................................... ................................... ................................... ................................... ................................... .................8,250,000 ....02/19/2004<br />
00C24217............................................ ......... LORTON............................................................................. VA....... .............. 05/28/2004 ........5.700 .................8,623,336 ................................... ................................... ................................... ................................... ................................... ...............18,600,000 ....04/30/2004<br />
00C24219............................................ ......... HANOVER.......................................................................... MD...... .............. 05/11/2004 ........5.830 .................3,257,778 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....03/12/2004<br />
00C24222............................................ ......... SOUTHHAVEN................................................................... MS...... .............. 06/08/2004 ........5.820 .................2,317,143 ................................... ................................... ................................... ................................... ................................... .................3,515,000 ....04/15/2004<br />
00C24223............................................ ......... BURBANK........................................................................... CA....... .............. 06/30/2004 ........5.520 .................2,055,939 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....05/25/2004<br />
00C24224............................................ ......... LAKEWOOD....................................................................... CO...... .............. 03/30/2004 ........5.400 .................3,305,816 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....03/18/2004<br />
00C24226............................................ ......... COCONUT CREEK............................................................ FL........ .............. 07/14/2004 ........5.250 .................2,440,122 ................................... ................................... ................................... ................................... ................................... .................3,600,000 ....05/20/2004<br />
00C24227............................................ ......... FARRAGUT........................................................................ TN....... .............. 05/28/2004 ........4.860 ...............12,014,726 ................................... ................................... ................................... ................................... ................................... ...............17,375,000 ....05/10/2004<br />
00C24228............................................ ......... MYRTLE BEACH................................................................ SC....... .............. 07/15/2004 ........5.200 .................9,617,534 ................................... ................................... ................................... ................................... ................................... ...............15,510,000 ....04/28/2004<br />
00C24229............................................ ......... COLUMBUS........................................................................ OH...... .............. 06/29/2004 ........5.080 .................2,704,921 ................................... ................................... ................................... ................................... ................................... .................4,240,000 ....05/06/2004<br />
00C24234............................................ ......... EDINA................................................................................. MN...... .............. 07/02/2004 ........5.900 .................6,054,504 ................................... ................................... ................................... ................................... ................................... ...............11,600,000 ....05/01/2004<br />
00C24235............................................ ......... GOLDEN............................................................................. CO...... .............. 06/29/2004 ........6.120 .................5,007,924 ................................... ................................... ................................... ................................... ................................... .................9,000,000 ....05/04/2004<br />
00C24238............................................ ......... MORRISVILLE.................................................................... NC....... .............. 07/26/2004 ........5.750 .................3,646,803 ................................... ................................... ................................... ................................... ................................... .................5,350,000 ....06/03/2004<br />
00C24239............................................ ......... MORRISVILLE.................................................................... NC....... .............. 07/26/2004 ........5.750 .................3,646,803 ................................... ................................... ................................... ................................... ................................... .................5,500,000 ....06/03/2004<br />
00C24240............................................ ......... MORRISVILLE.................................................................... NC....... .............. 07/26/2004 ........5.750 .................2,005,753 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....06/03/2004<br />
00C24249............................................ ......... AURORA............................................................................. CO...... .............. 08/05/2004 ........6.170 .................2,932,655 ................................... ................................... ................................... ................................... ................................... .................4,400,000 ....06/02/2004<br />
00C24265............................................ ......... FULLERTON...................................................................... CA....... .............. 12/17/2004 ........5.410 ...............16,953,614 ................................... ................................... ................................... ................................... ................................... ...............26,050,000 ....10/13/2004<br />
00C24266............................................ ......... SANTA FE SPRINGS......................................................... CA....... .............. 12/20/2004 ........5.410 .................5,886,657 ................................... ................................... ................................... ................................... ................................... .................9,640,000 ....10/13/2004<br />
00C24270............................................ ......... TINLEY PARK.................................................................... IL......... .............. 10/15/2004 ........5.770 .................3,159,285 ................................... ................................... ................................... ................................... ................................... .................4,700,000 ....08/25/2004<br />
00C24271............................................ ......... NORCROSS....................................................................... GA....... .............. 12/03/2004 ........5.350 .................3,019,696 ................................... ................................... ................................... ................................... ................................... .................5,400,000 ....09/22/2004<br />
00C24272............................................ ......... SAN DIEGO........................................................................ CA....... .............. 12/30/2004 ........5.470 .................9,424,497 ................................... ................................... ................................... ................................... ................................... ...............16,900,000 ....10/01/2004<br />
00C24274............................................ ......... BURR RIDGE..................................................................... IL......... .............. 01/01/2005 ........5.360 .................2,896,123 ................................... ................................... ................................... ................................... ................................... .................4,225,000 ....10/21/2004<br />
00C24275............................................ ......... WALNUT CREEK............................................................... CA....... .............. 02/28/2005 ........5.530 .................2,906,355 ................................... ................................... ................................... ................................... ................................... .................4,575,000 ....09/21/2004<br />
00C24281............................................ ......... MIAMI.................................................................................. FL........ .............. 12/31/2004 ........5.590 .................2,298,699 ................................... ................................... ................................... ................................... ................................... .................3,600,000 ....11/24/2004<br />
00C25200............................................ ......... OVERLAND PARK............................................................. KS....... .............. 02/28/2005 ........6.020 .................2,411,683 ................................... ................................... ................................... ................................... ................................... .................6,000,000 ....02/11/2005<br />
00C25206............................................ ......... RICHMOND........................................................................ CA....... .............. 06/06/2005 ........5.650 .................6,060,370 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....02/24/2005<br />
00C25210............................................ ......... LAS VEGAS........................................................................ NV....... .............. 02/28/2005 ........5.450 .................3,226,421 ................................... ................................... ................................... ................................... ................................... .................5,700,000 ....01/14/2005<br />
00C25215............................................ ......... CHULA VISTA.................................................................... CA....... .............. 04/08/2005 ........5.300 .................1,840,550 ................................... ................................... ................................... ................................... ................................... .................3,250,000 ....01/27/2005<br />
00C25218............................................ ......... WESTMINSTER................................................................. CO...... .............. 03/30/2005 ........5.510 .................5,491,822 ................................... ................................... ................................... ................................... ................................... .................7,800,000 ....02/09/2005<br />
00C25220............................................ ......... MIDDLEBURG HEIGHTS.................................................. OH...... .............. 04/05/2005 ........5.550 .................2,355,641 ................................... ................................... ................................... ................................... ................................... .................3,800,000 ....02/23/2005<br />
00C25226............................................ ......... SANTA FE SPRINGS......................................................... CA....... .............. 03/10/2005 ........5.330 .................7,372,738 ................................... ................................... ................................... ................................... ................................... ...............11,700,000 ....02/02/2005<br />
00C25230............................................ ......... IRVINE................................................................................ CA....... .............. 11/30/2005 ........5.800 .................9,402,506 ................................... ................................... ................................... ................................... ................................... ...............13,865,000 ....08/29/2005<br />
00C25231............................................ ......... HOUSTON.......................................................................... TX....... .............. 04/28/2005 ........5.610 .................1,918,571 ................................... ................................... ................................... ................................... ................................... .................3,075,000 ....03/20/2005<br />
00C25232............................................ ......... LAWRENCEVILLE............................................................. GA....... .............. 04/25/2005 ........5.550 .................3,236,658 ................................... ................................... ................................... ................................... ................................... .................4,800,000 ....04/03/2005<br />
00C25234............................................ ......... EDEN PRAIRIE.................................................................. MN...... .............. 05/02/2005 ........5.430 .................3,701,975 ................................... ................................... ................................... ................................... ................................... .................5,350,000 ....03/01/2005<br />
00C25236............................................ ......... TUCKER............................................................................. GA....... .............. 05/20/2005 ........5.270 .................1,961,318 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....03/21/2005<br />
00C25240............................................ ......... Chino................................................................................... CA....... .............. 04/13/2005 ........5.740 .................4,085,387 ................................... ................................... ................................... ................................... ................................... .................6,210,000 ....03/10/2005<br />
00C25250............................................ ......... CARY.................................................................................. NC....... .............. 06/01/2005 ........5.610 .................1,910,489 ................................... ................................... ................................... ................................... ................................... .................4,250,000 ....05/20/2005<br />
00C25254............................................ ......... OVERLAND........................................................................ MO...... .............. 07/01/2005 ........5.690 .................4,717,990 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....04/29/2005<br />
00C25256............................................ ......... SANTA CRUZ..................................................................... CA....... .............. 06/27/2005 ........5.290 ...............11,905,364 ................................... ................................... ................................... ................................... ................................... ...............18,500,000 ....05/11/2005<br />
00C25257............................................ ......... TIMONIUM.......................................................................... MD...... .............. 06/15/2005 ........5.470 .................4,545,995 ................................... ................................... ................................... ................................... ................................... .................6,550,000 ....06/02/2005<br />
00C25282............................................ ......... CAPITOL HEIGHTS........................................................... MD...... .............. 09/28/2005 ........5.350 .................2,148,611 ................................... ................................... ................................... ................................... ................................... .................3,200,000 ....07/19/2005<br />
00C25285............................................ ......... BALTIMORE....................................................................... MD...... .............. 11/09/2005 ........5.520 .................2,348,386 ................................... ................................... ................................... ................................... ................................... .................4,300,000 ....10/04/2005<br />
00C25286............................................ ......... MARIETTA.......................................................................... GA....... .............. 12/22/2005 ........5.510 .................8,244,137 ................................... ................................... ................................... ................................... ................................... ...............13,100,000 ....12/01/2005<br />
00C25291............................................ ......... SAN DIEGO........................................................................ CA....... .............. 12/22/2005 ........5.280 .................5,741,644 ................................... ................................... ................................... ................................... ................................... .................9,500,000 ....11/22/2005<br />
00C25292............................................ ......... SAN DIEGO........................................................................ CA....... .............. 12/22/2005 ........5.280 .................7,655,538 ................................... ................................... ................................... ................................... ................................... ...............12,700,000 ....11/22/2005<br />
00C25293............................................ ......... FLAGSTAFF....................................................................... AZ....... .............. 11/01/2005 ........5.540 .................2,266,836 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....09/26/2005<br />
00C25294............................................ ......... SANTA BARBARA............................................................. CA....... .............. 12/02/2005 ........5.340 .................3,758,837 ................................... ................................... ................................... ................................... ................................... ...............12,250,000 ....11/01/2005
E04.11<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
00C25305............................................ ......... OPA LOCKA....................................................................... FL........ .............. 12/29/2005 ........5.850 .................1,832,297 ................................... ................................... ................................... ................................... ................................... .................3,750,000 ....11/18/2005<br />
00C26201............................................ ......... OMAHA............................................................................... NE....... .............. 05/31/2006 ........5.870 .................4,096,000 ................................... ................................... ................................... ................................... ................................... .................5,750,000 ....05/03/2006<br />
00C26202............................................ ......... SAN FRANCISCO.............................................................. CA....... .............. 09/29/2006 ........5.840 .................2,035,410 ................................... ................................... ................................... ................................... ................................... ...............30,000,000 ....08/01/2006<br />
00C26206............................................ ......... PACIFIC PALISADES........................................................ CA....... .............. 03/01/2006 ........5.620 .................1,521,509 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....02/03/2006<br />
00C26213............................................ ......... BUFORD............................................................................. GA....... .............. 03/23/2006 ........5.690 .................2,553,952 ................................... ................................... ................................... ................................... ................................... .................5,275,000 ....02/08/2006<br />
00C26218............................................ ......... HOUSTON.......................................................................... TX....... .............. 03/31/2006 ........5.760 .................3,562,477 ................................... ................................... ................................... ................................... ................................... .................5,550,000 ....03/02/2006<br />
00C26221............................................ ......... HOUSTON.......................................................................... TX....... .............. 05/22/2006 ........5.850 .................1,154,122 ................................... ................................... ................................... ................................... ................................... .................2,385,000 ....04/18/2006<br />
00C26222............................................ ......... HOUSTON.......................................................................... TX....... .............. 05/22/2006 ........5.850 ....................621,463 ................................... ................................... ................................... ................................... ................................... ....................945,000 ....04/06/2006<br />
00C26223............................................ ......... HOUSTON.......................................................................... TX....... .............. 05/22/2006 ........5.850 .................1,753,360 ................................... ................................... ................................... ................................... ................................... .................3,340,000 ....04/18/2006<br />
00C26224............................................ ......... BAYTOWN.......................................................................... TX....... .............. 05/22/2006 ........5.850 ....................554,852 ................................... ................................... ................................... ................................... ................................... .................1,225,000 ....04/18/2006<br />
00C26234............................................ ......... DALLAS.............................................................................. TX....... .............. 05/15/2006 ........5.860 .................5,318,781 ................................... ................................... ................................... ................................... ................................... .................8,700,000 ....03/27/2006<br />
00C26236............................................ ......... BUENA PARK..................................................................... CA....... .............. 06/06/2006 ........5.840 .................2,517,097 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....06/01/2006<br />
00C26248............................................ ......... HOUSTON.......................................................................... TX....... .............. 10/25/2006 ........6.060 .................4,377,114 ................................... ................................... ................................... ................................... ................................... .................7,600,000 ....07/20/2006<br />
00C26250............................................ ......... FULLERTON...................................................................... CA....... .............. 08/14/2006 ........6.340 .................4,378,573 ................................... ................................... ................................... ................................... ................................... .................8,800,000 ....07/07/2006<br />
00C26251............................................ ......... BLUE ASH (CINCINNATI).................................................. OH...... .............. 11/09/2006 ........6.380 .................4,343,703 ................................... ................................... ................................... ................................... ................................... .................6,255,000 ....11/01/2006<br />
00C26257............................................ ......... ANAHEIM............................................................................ CA....... .............. 10/11/2006 ........6.220 .................2,214,599 ................................... ................................... ................................... ................................... ................................... .................3,730,000 ....08/09/2006<br />
00C26258............................................ ......... SANTA ANA........................................................................ CA....... .............. 10/18/2006 ........6.220 .................1,733,161 ................................... ................................... ................................... ................................... ................................... .................2,900,000 ....08/08/2006<br />
00C26261............................................ ......... ODENTON.......................................................................... MD...... .............. 09/20/2006 ........6.230 .................2,306,777 ................................... ................................... ................................... ................................... ................................... .................3,500,000 ....08/22/2006<br />
00C26304............................................ ......... VIRGINIA BEACH............................................................... VA....... .............. 12/28/2005 ........5.770 .................2,401,146 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....12/13/2005<br />
00C97281............................................ ......... VALLEY VIEW.................................................................... OH...... .............. 10/23/1997 ........7.970 ....................768,054 ................................... ................................... ................................... ................................... ................................... .................3,200,000 ....01/01/1997<br />
00C97299............................................ ......... GASDEN............................................................................. AL....... .............. 12/30/1997 ........7.750 ....................953,899 ................................... ................................... ................................... ................................... ................................... .................2,500,000 ....12/31/1997<br />
00C97314............................................ ......... NORCROSS....................................................................... GA....... .............. 12/22/1997 ........7.800 .................3,338,886 ................................... ................................... ................................... ................................... ................................... .................7,300,000 ....12/31/1997<br />
00C97316............................................ ......... SUGAR LAND.................................................................... TX....... .............. 12/22/1997 ........7.800 .................3,146,235 ................................... ................................... ................................... ................................... ................................... .................7,900,000 ....01/01/1997<br />
00C97318............................................ ......... MIDDLEBURG HEIG.......................................................... OH...... .............. 12/31/1997 ........7.450 .................4,245,510 ................................... ................................... ................................... ................................... ................................... .................7,155,000 ....01/01/1997<br />
00C98204............................................ ......... N. MYRTLE BEACH........................................................... SC....... .............. 11/20/1998 ........8.300 .................8,165,610 ................................... ................................... ................................... ................................... ................................... ...............15,860,000 ....01/01/1998<br />
00C98209............................................ ......... CONCORD......................................................................... NC....... .............. 12/28/1998 ........8.000 .................3,279,335 ................................... ................................... ................................... ................................... ................................... .................6,370,000 ....09/24/2002<br />
00C98210............................................ ......... CORNELIUS....................................................................... NC....... .............. 03/12/1999 ........8.000 .................2,241,637 ................................... ................................... ................................... ................................... ................................... .................4,400,000 ....01/01/1998<br />
00C98211............................................ ......... CHARLOTTE...................................................................... NC....... .............. 01/29/1998 ........7.800 .................3,359,897 ................................... ................................... ................................... ................................... ................................... .................9,700,000 ....01/01/1998<br />
00C98213............................................ ......... FAYETTEVILLE.................................................................. NC....... .............. 12/28/1998 ........7.625 .................2,483,754 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....01/01/1999<br />
00C98219............................................ ......... FORT LAUDERDALE......................................................... FL........ .............. 02/27/1998 ........7.375 ....................928,875 ................................... ................................... ................................... ................................... ................................... .................2,300,000 ....12/31/1998<br />
00C98227............................................ ......... JOHNSON CITY................................................................. TN....... .............. 04/22/1998 ........7.250 .................2,631,595 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....01/01/1998<br />
00C98231............................................ ......... MARYVILLE........................................................................ TN....... .............. 04/16/1998 ........7.125 .................2,396,439 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....01/01/1998<br />
00C98237............................................ ......... NORTH OLMSTEAD.......................................................... OH...... .............. 10/26/1998 ........7.120 .................1,199,813 ................................... ................................... ................................... ................................... ................................... .................2,400,000 ....01/01/1998<br />
00C98248............................................ ......... HOUSTON.......................................................................... TX....... .............. 10/30/1998 ........7.100 .................1,371,976 ................................... ................................... ................................... ................................... ................................... .................2,825,000 ....01/01/1998<br />
00C98249............................................ ......... BLOOMINGTON................................................................. MN...... .............. 09/22/1998 ........7.400 ...............16,322,115 ................................... ................................... ................................... ................................... ................................... ...............30,750,000 ....12/31/1998<br />
00C98252............................................ ......... FAYETTEVILLE.................................................................. NC....... .............. 12/21/1998 ........7.100 .................2,771,820 ................................... ................................... ................................... ................................... ................................... .................8,050,000 ....01/01/1998<br />
00C98255............................................ ......... DENVER............................................................................. CO...... .............. 12/04/1998 ........7.750 .................1,542,718 ................................... ................................... ................................... ................................... ................................... .................3,700,000 ....12/31/1998<br />
00C98261............................................ ......... BROWNSVILLE.................................................................. TX....... .............. 10/02/1998 ........7.350 .................1,332,894 ................................... ................................... ................................... ................................... ................................... .................4,390,000 ....01/01/1998<br />
00C98266............................................ ......... BEE CAVE.......................................................................... TX....... .............. 12/31/1998 ........7.000 .................9,073,321 ................................... ................................... ................................... ................................... ................................... ...............15,900,000 ....01/01/1998<br />
00C98277............................................ ......... SPOKANE........................................................................... WA...... .............. 12/14/1998 ........7.100 .................1,010,595 ................................... ................................... ................................... ................................... ................................... .................2,350,000 ....01/01/1998<br />
00C98282............................................ ......... ROSEVILLE........................................................................ MN...... .............. 12/30/1998 ........7.250 .................4,620,831 ................................... ................................... ................................... ................................... ................................... .................9,200,000 ....12/31/2000<br />
00C98284............................................ ......... NEWBURY PARK............................................................... CA....... .............. 12/30/1998 ........7.000 .................3,993,467 ................................... ................................... ................................... ................................... ................................... .................7,400,000 ....12/31/1998<br />
00C99200............................................ ......... KNOXVILLE........................................................................ TN....... .............. 06/09/1999 ........7.250 .................1,843,775 ................................... ................................... ................................... ................................... ................................... .................3,775,000 ....01/01/1999<br />
00C99201............................................ ......... KNOXVILLE........................................................................ TN....... .............. 04/13/1999 ........7.250 .................1,731,168 ................................... ................................... ................................... ................................... ................................... .................3,650,000 ....01/01/1999<br />
00C99203............................................ ......... EAGAN................................................................................ MN...... .............. 05/28/1999 ........7.300 .................9,010,766 ................................... ................................... ................................... ................................... ................................... ...............18,000,000 ....12/31/1999<br />
00C99214............................................ ......... MOUNTAIN VIEW.............................................................. CA....... .............. 01/22/1999 ........7.000 ....................828,398 ................................... ................................... ................................... ................................... ................................... .................3,100,000 ....12/31/1998<br />
00C99215............................................ ......... FRIDLEY............................................................................. MN...... .............. 03/04/1999 ........7.000 .................1,424,259 ................................... ................................... ................................... ................................... ................................... .................2,400,000 ....12/31/1998<br />
00C99235............................................ ......... SUNRISE............................................................................ FL........ .............. 03/31/1999 ........7.375 ......................65,105 ................................... ................................... ................................... ................................... ................................... .................3,150,000 ....12/31/1999<br />
00C99237............................................ ......... RALEIGH............................................................................ NC....... .............. 12/22/1999 ........7.375 .................1,594,918 ................................... ................................... ................................... ................................... ................................... .................3,225,000 ....01/01/1999<br />
00C99242............................................ ......... NAPLES.............................................................................. FL........ .............. 06/03/1999 ........7.250 .................6,609,736 ................................... ................................... ................................... ................................... ................................... ...............12,860,000 ....12/31/1999<br />
00C99244............................................ ......... OMAHA............................................................................... NE....... .............. 04/14/1999 ........7.250 .................4,233,335 ................................... ................................... ................................... ................................... ................................... .................8,225,000 ....01/01/1999
E04.12<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
00C99245............................................ ......... DURHAM............................................................................ NC....... .............. 03/26/1999 ........7.250 .................9,736,407 ................................... .....................(33,019) ................................... ................................... ................................... ...............15,100,000 ....01/01/1999<br />
00C99252............................................ ......... WESTFIELD....................................................................... IN........ .............. 10/28/1999 ........7.170 ...............15,816,919 ................................... ................................... ................................... ................................... ................................... ...............24,000,000 ....12/31/1999<br />
00C99255............................................ ......... STREETSBORO................................................................. OH...... .............. 10/28/1999 ........7.500 .................2,876,337 ................................... ................................... ................................... ................................... ................................... .................5,800,000 ....01/01/1999<br />
00C99265............................................ ......... RANCHO CUCAMONGA................................................... CA....... .............. 06/30/1999 ........7.500 .................1,619,852 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....12/31/1999<br />
00C99266............................................ ......... DUBLIN............................................................................... CA....... .............. 08/05/1999 ........7.900 .................1,562,226 ................................... ................................... ................................... ................................... ................................... .................3,050,000 ....12/31/1999<br />
00C99269............................................ ......... CHANTILLY........................................................................ VA....... .............. 07/21/1999 ........7.910 .................9,311,266 ................................... ................................... ................................... ................................... ................................... ...............14,832,751 ....05/18/2004<br />
00C99270............................................ ......... GAITHERSBURG............................................................... MD...... .............. 11/30/1999 ........7.750 .................3,420,164 ................................... ................................... ................................... ................................... ................................... .................8,000,000 ....12/31/1999<br />
00C99271............................................ ......... RICHMOND........................................................................ VA....... .............. 02/17/2000 ........8.125 .................1,192,716 ................................... ................................... ................................... ................................... ................................... .................2,250,000 ....01/01/1999<br />
00C99272............................................ ......... BRECKSVILLE................................................................... OH...... .............. 11/30/1999 ........7.840 ....................813,247 ................................... ................................... ................................... ................................... ................................... .................2,025,000 ....01/01/1999<br />
00C99273............................................ ......... BRECKSVILLE................................................................... OH...... .............. 11/30/1999 ........7.840 .................1,897,786 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....01/01/1999<br />
00C99275............................................ ......... PALATKA............................................................................ FL........ .............. 10/25/1999 ........7.875 .................1,217,169 ................................... ................................... ................................... ................................... ................................... .................2,450,000 ....12/31/1999<br />
00C99276............................................ ......... RIVERSIDE......................................................................... CA....... .............. 12/01/1999 ........7.750 .................5,639,664 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....12/31/1999<br />
00D20232............................................ ......... FRISCO............................................................................... TX....... .............. 11/21/2000 ........8.180 ...............14,603,644 ................................... ................................... ................................... ................................... ................................... ...............22,000,000 ....12/31/2000<br />
00D23246............................................ ......... AVENTURA........................................................................ FL........ .............. 12/09/2003 ........7.120 ...............13,826,162 ................................... ................................... ................................... ................................... ................................... ...............24,900,000 ....11/12/2003<br />
00D23247............................................ ......... CHANDLER........................................................................ AZ....... .............. 11/13/2003 ........6.040 .................5,062,342 ................................... ................................... ................................... ................................... ................................... ...............12,500,000 ....09/08/2003<br />
00D25222............................................ ......... FORT LAUDERDALE......................................................... FL........ .............. 03/21/2005 ........5.470 ...............11,831,262 ................................... ................................... ................................... ................................... ................................... ...............16,700,000 ....01/11/2005<br />
00D25223............................................ ......... SANDY................................................................................ UT....... .............. 03/28/2005 ........6.250 .................2,668,905 ................................... ................................... ................................... ................................... ................................... .................7,500,000 ....02/15/2005<br />
00D25224............................................ ......... OMAHA............................................................................... NE....... .............. 03/31/2005 ........5.440 .................2,461,540 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....02/16/2005<br />
00D25233............................................ ......... ATLANTA............................................................................ GA....... .............. 03/16/2005 ........5.180 ...............11,465,414 ................................... ................................... ................................... ................................... ................................... ...............18,200,000 ....02/07/2005<br />
00D25261............................................ ......... GILBERT............................................................................. AZ....... .............. 07/22/2005 ........5.030 ...............10,000,000 ................................... ................................... ................................... ................................... ................................... ...............14,397,059 ....06/17/2005<br />
00D25270............................................ ......... WELLINGTON.................................................................... FL........ .............. 12/30/2005 ........5.970 .................9,171,843 ................................... ................................... ................................... ................................... ................................... ...............18,000,000 ....12/01/2005<br />
00D25274............................................ ......... WOODBRIDGE.................................................................. IL......... .............. 08/17/2005 ........4.900 .................6,923,078 ................................... ................................... ................................... ................................... ................................... .................9,769,906 ....08/01/2005<br />
00D25278............................................ ......... LYNDHURST...................................................................... OH...... .............. 12/01/2005 ........5.270 ...............13,147,870 ................................... ................................... ................................... ................................... ................................... ...............19,000,000 ....09/16/2005<br />
00D25280............................................ ......... VALENCIA.......................................................................... CA....... .............. 09/30/2005 ........5.090 ...............12,843,723 ................................... ................................... ................................... ................................... ................................... ...............19,600,000 ....08/10/2005<br />
00D25295............................................ ......... MIDDLETOWN................................................................... NY....... .............. 12/08/2005 ........5.770 ...............11,672,001 ................................... ................................... ................................... ................................... ................................... ...............17,000,000 ....10/26/2005<br />
00D25299............................................ ......... OMAHA............................................................................... NE....... .............. 12/15/2005 ........5.540 .................4,871,421 ................................... ................................... ................................... ................................... ................................... .................6,900,000 ....11/07/2005<br />
00G17438............................................ ......... CHARLOTTE...................................................................... NC....... .............. 10/01/2000 ........8.625 ........................9,210 ................................... ................................... ................................... ................................... ................................... .................1,775,000 ....01/01/1992<br />
00G17454............................................ ......... ALBUQUERQUE................................................................ NM...... .............. 10/01/2000 ........8.375 ....................601,324 ................................... ................................... ................................... ................................... ................................... .................2,000,000 ....01/01/1993<br />
00G17508............................................ ......... ALOHA................................................................................ OR...... .............. 10/01/2000 ........9.750 ......................53,252 ................................... ................................... ................................... ................................... ................................... .................1,526,000 ....01/01/1994<br />
00G17532............................................ ......... DALLAS.............................................................................. TX....... .............. 10/01/2000 ........8.500 ......................66,786 ................................... ................................... ................................... ................................... ................................... .................1,250,000 ....01/01/1994<br />
00G17591............................................ ......... FORT WAYNE.................................................................... IN........ .............. 10/01/2000 ........8.375 ....................178,827 ................................... ................................... ................................... ................................... ................................... .................1,200,000 ....12/31/1995<br />
00G17592............................................ ......... TUCSON............................................................................. AZ....... .............. 10/01/2000 ........8.000 ....................237,172 ................................... ................................... ................................... ................................... ................................... .................1,000,000 ....12/31/1995<br />
00G17595............................................ ......... BEND.................................................................................. OR...... .............. 10/01/2000 ........9.000 ....................131,344 ................................... ................................... ................................... ................................... ................................... ....................815,000 ....01/01/1995<br />
00G17646............................................ ......... GLENDALE......................................................................... AZ....... .............. 10/01/2000 ........8.020 ....................143,749 ................................... ................................... ................................... ................................... ................................... .................1,800,000 ....12/31/1995<br />
00G17735............................................ ......... BELLEVUE......................................................................... WA...... .............. 10/01/2000 ........8.430 ....................336,189 ................................... ................................... ................................... ................................... ................................... .................2,300,000 ....01/01/1996<br />
00G17818............................................ ......... OKLAHOMA CITY.............................................................. OK....... .............. 10/01/2000 ........8.360 ......................39,463 ................................... ................................... ................................... ................................... ................................... ....................760,000 ....01/01/1996<br />
00G17858............................................ ......... SALT LAKE CITY............................................................... UT....... .............. 10/01/2000 ........8.320 ....................801,947 ................................... ................................... ................................... ................................... ................................... .................1,940,000 ....01/01/1997<br />
00G17859............................................ ......... SANTA ROSA..................................................................... CA....... .............. 10/01/2000 ........8.250 ....................424,494 ................................... ................................... ................................... ................................... ................................... .................2,275,000 ....12/31/1997<br />
00G17861............................................ ......... SANTA ROSA..................................................................... CA....... .............. 10/01/2000 ........8.250 ....................189,397 ................................... ................................... ................................... ................................... ................................... ....................875,000 ....12/31/1997<br />
00G17893............................................ ......... SANTA CLARA................................................................... CA....... .............. 10/01/2000 ........8.340 ....................467,929 ................................... ................................... ................................... ................................... ................................... .................3,150,000 ....12/31/1997<br />
00G17894............................................ ......... NORMAN............................................................................ OK....... .............. 10/01/2000 ........8.150 .................1,402,818 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....01/01/1997<br />
00G17908............................................ ......... BLOOMINGDALE............................................................... IL......... .............. 10/01/2000 ........8.000 ....................640,396 ................................... ................................... ................................... ................................... ................................... .................2,000,000 ....12/31/1997<br />
00G17929............................................ ......... GOLDEN............................................................................. CO...... .............. 10/01/2000 ........7.850 ....................274,287 ................................... ................................... ................................... ................................... ................................... ....................760,000 ....12/31/1997<br />
00G17955............................................ ......... NATICK............................................................................... MA...... .............. 10/01/2000 ........7.750 ....................197,145 ................................... ................................... ................................... ................................... ................................... ....................920,000 ....12/31/1997<br />
00G17956............................................ ......... SANTA CLARA................................................................... CA....... .............. 10/01/2000 ........7.700 ......................25,256 ................................... ................................... ................................... ................................... ................................... .................1,800,000 ....12/31/1997<br />
00G17958............................................ ......... OMAHA............................................................................... NE....... .............. 10/01/2000 ........7.800 ....................195,593 ................................... ................................... ................................... ................................... ................................... ....................755,000 ....01/01/1997<br />
00G17971............................................ ......... TUMWATER....................................................................... WA...... .............. 10/01/2000 ........7.375 ....................286,588 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....01/01/1998<br />
00G17976............................................ ......... COLUMBIA CITY................................................................ IN........ .............. 10/01/2000 ........7.125 ....................835,760 ................................... ................................... ................................... ................................... ................................... .................1,350,000 ....12/31/1998<br />
00G17980............................................ ......... LINCOLN............................................................................ NE....... .............. 10/01/2000 ........7.300 ....................483,936 ................................... ................................... ................................... ................................... ................................... .................1,630,000 ....01/01/1998<br />
00G17990............................................ ......... BURLINGTON.................................................................... MA...... .............. 10/01/2000 ........7.200 ....................312,329 ................................... ................................... ................................... ................................... ................................... .................1,900,000 ....12/31/1998<br />
00G18012............................................ ......... LAS VEGAS........................................................................ NV....... .............. 10/01/2000 ........7.130 ....................264,369 ................................... ................................... ................................... ................................... ................................... .................1,250,000 ....01/01/1998
E04.13<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
00G18014............................................ ......... FENTON............................................................................. MO...... .............. 10/01/2000 ........7.260 ....................671,532 ................................... ................................... ................................... ................................... ................................... .................2,400,000 ....12/31/1998<br />
00G18020............................................ ......... SALEM................................................................................ OR...... .............. 10/01/2000 ........7.150 ....................786,622 ................................... ................................... ................................... ................................... ................................... .................1,620,000 ....01/01/1998<br />
00G18025............................................ ......... ORLANDO.......................................................................... FL........ .............. 10/01/2000 ........7.500 ....................537,918 ................................... ................................... ................................... ................................... ................................... .................1,700,000 ....12/31/1998<br />
00G18044............................................ ......... MEDFORD.......................................................................... OR...... .............. 10/01/2000 ........7.250 ....................556,901 ................................... ................................... ................................... ................................... ................................... .................2,100,000 ....01/01/1998<br />
00G18045............................................ ......... MILIPITAS........................................................................... CA....... .............. 10/01/2000 ........7.250 ....................300,728 ................................... ................................... ................................... ................................... ................................... .................2,975,000 ....12/31/1998<br />
00G18046............................................ ......... SUNNYVALE...................................................................... CA....... .............. 10/01/2000 ........7.250 .................1,397,615 ................................... ................................... ................................... ................................... ................................... .................4,450,000 ....12/31/1998<br />
00G18160............................................ ......... OKLAHOMA CITY.............................................................. OK....... .............. 10/01/2000 ........7.250 ....................518,259 ................................... ................................... ................................... ................................... ................................... .................2,900,000 ....01/01/1998<br />
00G18240............................................ ......... CHANDLER........................................................................ AZ....... .............. 10/01/2000 ........7.100 ....................548,090 ................................... ................................... ................................... ................................... ................................... .................1,200,000 ....12/31/1999<br />
00G18241............................................ ......... NORTHVILLE TOWN......................................................... MI........ .............. 10/01/2000 ........6.900 ....................509,205 ................................... ................................... ................................... ................................... ................................... .................6,000,000 ....12/31/1999<br />
00G18242............................................ ......... PORTLAND........................................................................ OR...... .............. 10/01/2000 ........7.180 ....................494,401 ................................... ................................... ................................... ................................... ................................... .................1,650,000 ....01/01/1999<br />
00G18243............................................ ......... TROY.................................................................................. MI........ .............. 10/01/2000 ........7.300 ....................703,683 ................................... ................................... ................................... ................................... ................................... .................1,875,000 ....12/31/1999<br />
00G18244............................................ ......... NORTHBROOK.................................................................. IL......... .............. 10/01/2000 ........7.375 ....................506,920 ................................... ................................... ................................... ................................... ................................... ....................980,000 ....12/31/1999<br />
00G18246............................................ ......... MERIDIAN.......................................................................... ID........ .............. 10/01/2000 ........7.250 ....................710,923 ................................... ................................... ................................... ................................... ................................... .................2,550,000 ....12/31/1999<br />
00G18249............................................ ......... BURIEN............................................................................... WA...... .............. 10/01/2000 ........7.650 .................1,317,428 ................................... ................................... ................................... ................................... ................................... .................3,000,000 ....01/01/1999<br />
00G18251............................................ ......... MURRAY............................................................................ UT....... .............. 10/01/2000 ........7.750 ....................908,967 ................................... ................................... ................................... ................................... ................................... .................3,000,000 ....01/01/1999<br />
00G18252............................................ ......... EUGENE............................................................................. OR...... .............. 10/01/2000 ........7.560 ....................720,094 ................................... ................................... ................................... ................................... ................................... .................1,325,000 ....01/01/1999<br />
00G20211............................................ ......... DAYTONA BEACH............................................................. FL........ .............. 10/01/2000 ........5.750 .................2,163,208 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....12/31/2000<br />
00G20215............................................ ......... WORTHINGTON................................................................ OH...... .............. 10/01/2000 ........8.330 .................3,828,847 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....01/01/2000<br />
00G20220............................................ ......... MORRISVILLE.................................................................... NC....... .............. 10/01/2000 ........8.280 .................5,166,608 ................................... ................................... ................................... ................................... ................................... .................7,700,000 ....01/01/2000<br />
00G48601............................................ ......... ALBUQUERQUE................................................................ NM...... .............. 10/01/2000 ........7.950 ....................793,062 ................................... ................................... ................................... ................................... ................................... .................2,950,000 ....01/01/1993<br />
00G50699............................................ ......... WEST BRANCH................................................................. MI........ .............. 10/01/2000 ........7.750 ....................536,548 ................................... ................................... ................................... ................................... ................................... .................1,825,000 ....12/31/1994<br />
00G56801............................................ ......... MADISON........................................................................... WI....... .............. 10/01/2000 ........7.800 ....................776,585 ................................... ................................... ................................... ................................... ................................... .................2,100,000 ....01/01/1994<br />
00G59501............................................ ......... SALEM................................................................................ OR...... .............. 10/01/2000 ........9.000 ......................90,987 ................................... ................................... ................................... ................................... ................................... ....................562,000 ....01/01/1995<br />
00L26278............................................. ......... SAN JOSE.......................................................................... CA....... .............. 12/29/2006 ........6.000 ...............10,538,681 ................................... ................................... ................................... ................................... ................................... ...............23,527,083 ....10/18/2006<br />
00L26284............................................. ......... THE COLONY.................................................................... TX....... .............. 12/19/2006 ........5.800 .................8,598,653 ................................... ................................... ................................... ................................... ................................... ...............14,600,000 ....11/14/2006<br />
00M96216............................................ ......... ALPHARETTA.................................................................... GA....... .............. 01/01/1997 ........7.865 .................5,058,420 ................................... ................................... ................................... ................................... ................................... .................9,850,000 ....12/31/1996<br />
00M96227............................................ ......... RALEIGH............................................................................ NC....... .............. 06/03/1997 ........8.250 .................2,979,217 ................................... ................................... ................................... ................................... ................................... .................5,200,000 ....01/01/1997<br />
00M96256............................................ ......... MARIETTA.......................................................................... GA....... .............. 01/01/1997 ........8.300 ....................392,021 ................................... ................................... ................................... ................................... ................................... .................1,725,000 ....12/31/1996<br />
00M96257............................................ ......... LILBURN............................................................................. GA....... .............. 01/01/1997 ........8.300 ....................361,870 ................................... ................................... ................................... ................................... ................................... .................1,700,000 ....12/31/1996<br />
00M96259............................................ ......... VIENNA............................................................................... VA....... .............. 01/01/1997 ........8.250 .................1,373,787 ................................... ................................... ................................... ................................... ................................... .................5,960,000 ....01/01/1996<br />
00M96262............................................ ......... GEORGETOWN................................................................. SC....... .............. 01/01/1997 ........8.750 ....................845,841 ................................... ................................... ................................... ................................... ................................... .................1,870,000 ....01/01/1996<br />
00M96281............................................ ......... HOUSTON.......................................................................... TX....... .............. 01/01/1997 ........8.500 ....................733,216 ................................... ................................... ................................... ................................... ................................... .................1,700,000 ....01/01/1996<br />
00M96284............................................ ......... KANSAS CITY.................................................................... MO...... .............. 04/01/1997 ........8.700 ....................877,399 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....12/31/1997<br />
00M96292............................................ ......... MONETA............................................................................. VA....... .............. 01/31/1997 ........8.250 ....................631,917 ................................... ................................... ................................... ................................... ................................... .................2,750,000 ....01/01/1996<br />
00M97224............................................ ......... STUART.............................................................................. FL........ .............. 06/13/1997 ........7.750 .................1,040,097 ................................... ................................... ................................... ................................... ................................... .................2,750,000 ....12/31/1997<br />
00M97235............................................ ......... SACRAMENTO.................................................................. CA....... .............. 03/19/1997 ........7.875 .................1,996,348 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....12/31/1997<br />
00Z97275............................................. ......... HUNTERSVILLE................................................................. NC....... .............. 10/31/2005 ........6.000 .................4,798,228 ................................... ................................... ................................... ................................... ................................... ...............45,000,000 ....01/01/1997<br />
00Z98253............................................. ......... CHANTILLY........................................................................ VA....... .............. 06/03/2004 ........6.000 .................1,821,535 ................................... ................................... ................................... ................................... ................................... .................6,504,669 ....05/18/2004<br />
00Z98259............................................. ......... PLYMOUTH........................................................................ MN...... .............. 12/29/2004 ........5.600 .................1,051,799 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....12/31/1998<br />
00Z99269............................................. ......... CHANTILLY........................................................................ VA....... .............. 06/03/2004 ........6.000 .................3,643,132 ................................... ................................... ................................... ................................... ................................... .................5,667,249 ....05/18/2004<br />
15694900............................................. ......... PALO ALTO........................................................................ CA....... .............. 08/29/1986 ......10.750 ....................389,105 ................................... ................................... ................................... ................................... ................................... .................2,540,000 ....08/01/1986<br />
15696700............................................. ......... LOMBARD.......................................................................... IL......... .............. 04/04/1994 ........8.750 ....................194,553 ................................... ................................... ................................... ................................... ................................... .................9,900,000 ....04/01/1994<br />
15705400............................................. ......... FOUNTAIN VALLEY........................................................... CA....... .............. 05/01/1989 ......10.750 .................1,772,670 ................................... ................................... ................................... ................................... ................................... .................5,225,000 ....05/01/1989<br />
15734000............................................. ......... MENTOR............................................................................ OH...... .............. 06/04/1993 ........9.125 .................2,966,070 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....06/01/1993<br />
15734100............................................. ......... PAINESVILLE..................................................................... OH...... .............. 04/06/1993 ........9.125 .................3,108,405 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....04/01/1993<br />
15736300............................................. ......... FRESNO............................................................................. CA....... .............. 09/02/1993 ........8.125 .................2,003,475 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....10/01/1993<br />
15737600............................................. ......... MCMURRAY....................................................................... PA....... .............. 12/17/1993 ........8.750 .................3,134,820 ................................... ................................... ................................... ................................... ................................... ...............10,342,000 ....12/01/1993<br />
15738600............................................. ......... SOUTH ATTLEBORO........................................................ MA...... .............. 07/23/1993 ........8.100 ...............17,864,948 ................................... .....................(71,524) ................................... ................................... ................................... ...............66,100,000 ....04/18/2006<br />
15738601............................................. ......... SOUTH ATTLEBORO........................................................ MA...... .............. 05/16/2006 ........5.910 ...............30,504,090 ................................... ................................... ................................... ................................... ................................... ...............66,100,000 ....04/18/2006<br />
15739400............................................. ......... OAK PARK.......................................................................... MI........ .............. 07/29/1993 ........8.475 ....................799,015 ................................... ................................... ................................... ................................... ................................... .................3,278,000 ....07/01/1993<br />
15740000............................................. ......... COLUMBIA......................................................................... SC....... .............. 05/27/1994 ........8.875 .................3,111,029 ................................... ................................... ................................... ................................... ................................... .................8,887,800 ....05/01/1994
E04.14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15742802............................................. ......... LAREDO............................................................................. TX....... .............. 09/08/2005 ........4.956 ...............11,717,731 ................................... ................................... ................................... ................................... ................................... ...............34,659,772 ....06/30/2005<br />
15746400............................................. ......... PITTSBURGH..................................................................... PA....... .............. 03/30/1994 ........8.250 .................1,407,895 ................................... ................................... ................................... ................................... ................................... .................4,246,000 ....03/01/1994<br />
15753300............................................. ......... LINCOLN............................................................................ NE....... .............. 10/27/1994 ........8.510 ....................841,689 ................................... ................................... ................................... ................................... ................................... ...............12,581,416 ....10/01/1994<br />
15763400............................................. ......... ENCINO.............................................................................. CA....... .............. 06/05/1995 ........8.950 ...............13,038,144 ................................... .....................(50,678) ................................... ................................... ................................... ...............30,261,905 ....06/01/1995<br />
15764500............................................. ......... NORTH KANSAS CITY...................................................... MO...... .............. 05/12/1995 ........9.240 ....................920,142 ................................... ................................... ................................... ................................... ................................... .................7,856,000 ....05/11/2001<br />
15764501............................................. ......... NORTH KANSAS CITY...................................................... MO...... .............. 06/20/2001 ........8.000 ....................780,505 ................................... ................................... ................................... ................................... ................................... .................7,856,000 ....05/11/2001<br />
15767900............................................. ......... KENNEDY TOWNSHIP...................................................... PA....... .............. 07/20/1995 ........8.825 .................2,424,866 ................................... ................................... ................................... ................................... ................................... .................6,545,000 ....07/01/1995<br />
15769600............................................. ......... MURRYSVILLE.................................................................. PA....... .............. 07/20/1995 ........8.610 .................1,407,331 ................................... ................................... ................................... ................................... ................................... .................3,818,280 ....07/01/1995<br />
15770000............................................. ......... BERKELEY......................................................................... CA....... .............. 08/22/1995 ........8.430 .................2,127,685 ................................... ................................... ................................... ................................... ................................... .................7,912,000 ....09/01/1995<br />
15778100............................................. ......... CANTON............................................................................. OH...... .............. 11/09/1995 ........8.050 .................2,258,727 ................................... ................................... ................................... ................................... ................................... .................5,800,000 ....11/01/1995<br />
15779900............................................. ......... SOUTHFIELD..................................................................... MI........ .............. 10/10/1995 ........8.430 .................1,162,547 ................................... ................................... ................................... ................................... ................................... .................8,550,000 ....10/01/1995<br />
15781701............................................. ......... HILLTOWN TOWNSHIP..................................................... PA....... .............. 11/03/1995 ........8.110 ...............10,457,820 ................................... ................................... ................................... ................................... ................................... ...............17,491,289 ....11/01/1995<br />
15782301............................................. ......... MEMPHIS........................................................................... TN....... .............. 01/10/1996 ........7.580 .................1,489,037 ................................... ................................... ................................... ................................... ................................... .................3,861,200 ....01/01/1996<br />
15786200............................................. ......... PARMA............................................................................... OH...... .............. 03/04/1996 ........7.870 .................4,172,533 ................................... ................................... ................................... ................................... ................................... .................8,953,595 ....03/01/1996<br />
15786700............................................. ......... SOMERSET........................................................................ PA....... .............. 06/25/1996 ........7.912 .................2,982,292 ................................... ................................... ................................... ................................... ................................... .................7,705,497 ....07/13/2004<br />
15786701............................................. ......... SOMERSET........................................................................ PA....... .............. 09/27/2004 ........6.130 .................1,582,103 ................................... ................................... ................................... ................................... ................................... .................7,705,497 ....07/13/2004<br />
15792000............................................. ......... SAN ANTONIO................................................................... TX....... .............. 03/19/1996 ........8.290 .................3,183,762 ................................... ................................... ................................... ................................... ................................... ...............19,800,000 ....03/01/1996<br />
15799000............................................. ......... INDIANAPOLIS................................................................... IN........ .............. 07/02/1996 ........7.930 ....................188,303 ................................... ................................... ................................... ................................... ................................... .................3,518,400 ....07/01/1996<br />
15801600............................................. ......... EVANSVILLE...................................................................... IN........ .............. 05/13/1997 ........8.920 ...............16,457,636 ................................... ................................... ................................... ................................... ................................... ...............28,100,000 ....06/17/1996<br />
15803100............................................. ......... OVERLAND PARK............................................................. KS....... .............. 09/11/1996 ........8.230 .................1,552,737 ................................... ................................... ................................... ................................... ................................... .................7,055,542 ....09/01/1996<br />
15805600............................................. ......... DALLAS.............................................................................. TX....... .............. 12/23/1996 ........8.000 ...............17,995,821 ................................... ................................... ................................... ................................... ................................... ...............37,430,000 ....10/07/1996<br />
15807300............................................. ......... MERCED............................................................................ CA....... .............. 05/15/1997 ........8.100 .................1,645,715 ................................... ................................... ................................... ................................... ................................... .................2,915,000 ....10/16/1996<br />
15807800............................................. ......... BANGOR............................................................................ ME...... .............. 01/16/1997 ........8.390 .................3,503,125 ................................... ................................... ................................... ................................... ................................... .................7,860,000 ....10/21/1996<br />
15810500............................................. ......... MOLINE.............................................................................. IL......... .............. 03/27/1997 ........7.420 ...............16,292,798 ................................... ...............................1 ................................... ................................... ................................... ...............32,953,000 ....12/16/1996<br />
15811500............................................. ......... WICHITA............................................................................. KS....... .............. 02/24/1997 ........7.860 .................3,699,759 ................................... ................................... ................................... ................................... ................................... .................8,200,000 ....01/08/1997<br />
15811600............................................. ......... LOUISVILLE....................................................................... KY....... .............. 04/04/1997 ........7.820 .................2,655,249 ................................... ................................... ................................... ................................... ................................... ...............14,867,000 ....04/29/2003<br />
15811601............................................. ......... LOUISVILLE....................................................................... KY....... .............. 07/01/2003 ........5.340 .................5,224,587 ................................... ................................... ................................... ................................... ................................... ...............14,867,000 ....04/29/2003<br />
15812200............................................. ......... TRENTON........................................................................... NJ....... .............. 04/01/1997 ........7.840 .................3,693,191 ................................... ................................... ................................... ................................... ................................... ...............17,294,000 ....01/27/1997<br />
15816001............................................. ......... ALCOA................................................................................ TN....... .............. 09/22/1997 ........8.010 .................1,954,450 ................................... ................................... ................................... ................................... ................................... .................9,400,000 ....06/23/1997<br />
15816002............................................. ......... ALCOA................................................................................ TN....... .............. 01/08/1998 ........8.080 ....................468,062 ................................... ................................... ................................... ................................... ................................... .................9,400,000 ....06/23/1997<br />
15816900............................................. ......... SAN MARCOS.................................................................... TX....... .............. 09/30/1997 ........7.330 .................2,729,127 ................................... ................................... ................................... ................................... ................................... .................4,804,226 ....08/04/1997<br />
15817100............................................. ......... GRANADA HILLS............................................................... CA....... .............. 10/20/1997 ........7.490 .................6,269,558 ................................... ................................... ................................... ................................... ................................... ...............15,545,000 ....08/11/1997<br />
15817800............................................. ......... ROSSVILLE........................................................................ MD...... .............. 11/25/1997 ........7.400 .................1,947,115 ................................... ................................... ................................... ................................... ................................... .................7,535,000 ....08/22/1997<br />
15818000............................................. ......... RICHLAND TOWNSHIP..................................................... PA....... .............. 11/07/1997 ........7.680 ...............12,418,279 ................................... ................................... ................................... ................................... ................................... ...............22,672,931 ....09/03/1997<br />
15818100............................................. ......... DAKOTA DUNES............................................................... SD....... .............. 02/18/1998 ........7.710 .................4,277,824 ................................... ................................... ................................... ................................... ................................... .................8,840,000 ....09/08/1997<br />
15818900............................................. ......... KANSAS CITY.................................................................... MO...... .............. 11/26/1997 ........7.890 ....................440,037 ................................... ................................... ................................... ................................... ................................... .................8,075,000 ....10/01/1997<br />
15819011............................................. ......... SEATTLE............................................................................ WA...... .............. 08/25/1998 ........7.640 .................9,770,453 ................................... ................................... ................................... ................................... ................................... ...............22,051,260 ....10/01/1997<br />
15819100............................................. ......... MINNEAPOLIS................................................................... MN...... .............. 12/18/1997 ........7.740 .................6,124,791 ................................... ................................... ................................... ................................... ................................... ...............10,658,267 ....10/01/1997<br />
15819411............................................. ......... WEST MIFFLIN.................................................................. PA....... .............. 08/25/1998 ........7.390 .................2,734,374 ................................... .......................(1,165) ................................... ................................... ................................... .................5,835,000 ....10/08/1997<br />
15820200............................................. ......... WATKINSVILLE.................................................................. GA....... .............. 03/27/1998 ........6.980 ....................765,613 ................................... ................................... ................................... ................................... ................................... .................2,317,838 ....03/05/1998<br />
15821500............................................. ......... INDIANAPOLIS................................................................... IN........ .............. 10/30/1998 ........6.615 ...............23,887,595 ................................... ..............................(4) ................................... ................................... ................................... ...............42,685,548 ....07/23/1998<br />
15821800............................................. ......... FRESNO............................................................................. CA....... .............. 11/09/1998 ........6.250 .................1,705,594 ................................... ................................... ................................... ................................... ................................... .................3,852,389 ....07/22/1998<br />
15822300............................................. ......... TOPEKA............................................................................. KS....... .............. 11/24/1998 ........6.750 .................4,174,282 ................................... ...........................301 ................................... ................................... ................................... .................7,180,000 ....08/28/1998<br />
15822400............................................. ......... ANNAPOLIS....................................................................... MD...... .............. 12/29/1998 ........6.600 .................9,358,955 ................................... ................................... ................................... ................................... ................................... ...............24,016,176 ....01/31/2005<br />
15822401............................................. ......... ANNAPOLIS....................................................................... MD...... .............. 05/04/2005 ........6.600 ....................936,420 ................................... ................................... ................................... ................................... ................................... ...............24,016,176 ....01/31/2005<br />
15822500............................................. ......... ANNAPOLIS....................................................................... MD...... .............. 12/29/1998 ........6.600 .................3,977,557 ................................... ................................... ................................... ................................... ................................... .................8,125,000 ....09/10/1998<br />
15822600............................................. ......... ANNAPOLIS....................................................................... MD...... .............. 12/29/1998 ........6.600 .................3,899,565 ................................... ................................... ................................... ................................... ................................... ...............10,150,000 ....09/10/1998<br />
15823100............................................. ......... TIMONIUM.......................................................................... MD...... .............. 12/31/1998 ........6.670 ...............23,408,835 ................................... ........................6,574 ................................... ................................... ................................... ...............41,190,000 ....10/02/1998<br />
15823700............................................. ......... SAN FRANCISCO.............................................................. CA....... .............. 12/30/1998 ........6.560 .................4,025,026 ................................... ......................22,164 ................................... ................................... ................................... ...............10,935,000 ....10/01/1998<br />
15824201............................................. ......... KERRVILLE........................................................................ TX....... .............. 12/18/2003 ........5.660 .................3,200,000 ................................... ................................... ................................... ................................... ................................... .................9,556,914 ....09/25/2003<br />
15824300............................................. ......... STERLING.......................................................................... VA....... .............. 12/29/1998 ........6.810 .................3,509,792 ................................... ......................24,479 ................................... ................................... ................................... ...............20,600,000 ....10/29/1998
E04.15<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15824400............................................. ......... PONTIAC............................................................................ MI........ .............. 11/24/1998 ........6.700 .................4,446,371 ................................... ......................52,787 ................................... ................................... ................................... ...............11,682,512 ....11/02/1998<br />
15824500............................................. ......... WESTMINSTER................................................................. CO...... .............. 01/06/1999 ........6.880 .................1,962,075 ................................... ........................6,858 ................................... ................................... ................................... .................4,157,500 ....11/02/1998<br />
15824600............................................. ......... FORT MYERS.................................................................... FL........ .............. 12/17/1998 ........7.250 .................1,641,443 ................................... ......................11,209 ................................... ................................... ................................... .................5,140,000 ....11/13/1998<br />
15825200............................................. ......... MORRISVILLE.................................................................... NC....... .............. 03/26/1999 ........6.880 .................3,967,636 ................................... ................................... ................................... ................................... ................................... .................6,666,667 ....01/14/1999<br />
15825700............................................. ......... WYOMISSING.................................................................... PA....... .............. 06/16/1999 ........7.125 .................1,548,504 ................................... ................................... ................................... ................................... ................................... .................4,343,039 ....04/15/1999<br />
15825800............................................. ......... WYOMISSING.................................................................... PA....... .............. 06/16/1999 ........7.125 .................2,667,423 ................................... ................................... ................................... ................................... ................................... .................7,554,001 ....04/15/1999<br />
15825900............................................. ......... WYOMISSING.................................................................... PA....... .............. 06/16/1999 ........7.125 .................1,699,724 ................................... ................................... ................................... ................................... ................................... .................8,156,001 ....04/15/1999<br />
15826400............................................. ......... PETALUMA......................................................................... CA....... .............. 06/24/1999 ........7.310 .................4,048,704 ................................... ................................... ................................... ................................... ................................... .................7,493,269 ....04/14/1999<br />
15826600............................................. ......... EL PASO............................................................................. TX....... .............. 04/30/1999 ........7.200 .................1,221,562 ................................... ................................... ................................... ................................... ................................... .................4,059,000 ....04/14/1999<br />
15826800............................................. ......... HERNDON.......................................................................... VA....... .............. 06/30/1999 ........7.020 ...............11,112,802 ................................... ................................... ................................... ................................... ................................... ...............25,000,000 ....06/30/1999<br />
15827000............................................. ......... IRVINE................................................................................ CA....... .............. 07/27/1999 ........6.750 ...............20,810,627 ................................... ................................... ................................... ................................... ................................... ...............39,972,000 ....05/11/1999<br />
15827201............................................. ......... LAREDO............................................................................. TX....... .............. 02/04/2000 ........7.380 .................6,722,711 ................................... ................................... ................................... ................................... ................................... ...............15,992,000 ....05/18/1999<br />
15827300............................................. ......... HONOLULU........................................................................ HI........ .............. 08/11/1999 ........6.960 ...............31,286,449 ................................... ................................... ................................... ................................... ................................... ...............57,083,077 ....05/28/1999<br />
15827400............................................. ......... BOSTON............................................................................. MA...... .............. 07/30/1999 ........7.180 ...............33,185,339 ................................... ................................... ................................... ................................... ................................... ...............58,502,119 ....06/14/1999<br />
15827800............................................. ......... SAN DIEGO........................................................................ CA....... .............. 06/30/1999 ........8.450 ...............54,719,520 ................................... ................................... ................................... ................................... ................................... .............282,411,630 ....06/03/1999<br />
15828100............................................. ......... WILLOW GROVE............................................................... PA....... .............. 09/29/1999 ........7.790 .................2,109,848 ................................... ................................... ................................... ................................... ................................... .................4,299,999 ....07/27/1999<br />
15828200............................................. ......... WILLOW GROVE............................................................... PA....... .............. 09/09/1999 ........7.790 .................3,837,408 ................................... ................................... ................................... ................................... ................................... .................6,725,869 ....07/27/1999<br />
15828300............................................. ......... SOUTHHAMPTON............................................................. PA....... .............. 09/20/1999 ........7.790 .................2,811,992 ................................... ................................... ................................... ................................... ................................... .................7,001,000 ....03/02/2006<br />
15828301............................................. ......... SOUTHHAMPTON............................................................. PA....... .............. 05/04/2006 ........6.030 ....................938,997 ................................... ................................... ................................... ................................... ................................... .................7,001,000 ....03/02/2006<br />
15828400............................................. ......... WARMINSTER................................................................... PA....... .............. 09/29/1999 ........7.790 .................2,157,143 ................................... ................................... ................................... ................................... ................................... .................3,760,000 ....07/27/1999<br />
15828500............................................. ......... HUNTINGDON VALLEY.................................................... PA....... .............. 09/29/1999 ........7.790 .................4,237,247 ................................... ................................... ................................... ................................... ................................... .................7,400,001 ....07/27/1999<br />
15828700............................................. ......... CLEVELAND...................................................................... OH...... .............. 12/22/1999 ........7.870 ...............14,100,397 ................................... ................................... ................................... ................................... ................................... ...............43,120,490 ....08/11/1999<br />
15828900............................................. ......... MOUNTAIN VIEW.............................................................. CA....... .............. 11/22/1999 ........8.080 ....................819,706 ................................... ................................... ................................... ................................... ................................... .................3,538,125 ....08/19/1999<br />
15829000............................................. ......... YOUNGSTOWN................................................................. OH...... .............. 11/17/1999 ........8.030 .................2,089,976 ................................... ................................... ................................... ................................... ................................... .................3,716,104 ....08/16/1999<br />
15829200............................................. ......... WARMINSTER................................................................... PA....... .............. 10/05/1999 ........7.830 .................1,060,298 ................................... ................................... ................................... ................................... ................................... .................3,365,501 ....08/30/1999<br />
15829300............................................. ......... TAYLOR MILL.................................................................... KY....... .............. 10/18/1999 ........7.780 .................6,670,088 ................................... ................................... ................................... ................................... ................................... .................9,900,000 ....09/03/1999<br />
15829700............................................. ......... MENLO PARK.................................................................... CA....... .............. 01/20/2000 ........7.990 .................9,417,788 ................................... ................................... ................................... ................................... ................................... ...............20,795,611 ....09/16/1999<br />
15829900............................................. ......... SAN ANTONIO................................................................... TX....... .............. 11/13/2000 ........8.460 .................7,814,136 ................................... ................................... ................................... ................................... ................................... ...............13,679,023 ....08/18/2003<br />
15829901............................................. ......... SAN ANTONIO................................................................... TX....... .............. 04/01/2004 ........5.560 ....................775,861 ................................... ................................... ................................... ................................... ................................... ...............13,699,740 ....08/18/2003<br />
15830300............................................. ......... DANVILLE........................................................................... CA....... .............. 05/05/2000 ........8.300 .................2,636,014 ................................... ................................... ................................... ................................... ................................... .................6,750,000 ....01/11/2000<br />
15830500............................................. ......... DURHAM............................................................................ NC....... .............. 03/24/2000 ........8.490 .................4,535,920 ................................... ................................... ................................... ................................... ................................... .................6,660,717 ....01/26/2000<br />
15830600............................................. ......... BELLEVUE......................................................................... WA...... .............. 09/29/2000 ........8.750 ...............31,510,877 ................................... ......................51,637 ................................... ................................... ................................... ...............48,816,649 ....01/21/2000<br />
15830800............................................. ......... BOTHELL............................................................................ WA...... .............. 03/31/2000 ........8.310 ...............22,268,288 ................................... ...............................1 ................................... ................................... ................................... ...............39,791,021 ....02/03/2000<br />
15830900............................................. ......... BOTHELL............................................................................ WA...... .............. 03/31/2000 ........8.310 .................3,051,065 ................................... ................................... ................................... ................................... ................................... .................5,432,047 ....02/03/2000<br />
15831200............................................. ......... FORT WORTH................................................................... TX....... .............. 05/25/2000 ........8.320 .................4,741,866 ................................... ................................... ................................... ................................... ................................... ...............12,839,835 ....03/01/2000<br />
15831300............................................. ......... FORT WORTH................................................................... TX....... .............. 05/25/2000 ........8.320 .................3,541,764 ................................... ................................... ................................... ................................... ................................... .................9,270,735 ....03/01/2000<br />
15831500............................................. ......... LAKE COUNTY.................................................................. OH...... .............. 04/28/2000 ........8.460 .................4,720,011 ................................... .......................(6,741) ................................... ................................... ................................... .................8,110,602 ....03/01/2000<br />
15832200............................................. ......... LYNNWOOD....................................................................... WA...... .............. 10/26/2000 ........8.230 .................5,509,405 ................................... .....................(10,932) ................................... ................................... ................................... .................9,426,667 ....03/28/2000<br />
15832500............................................. ......... DOVER............................................................................... DE....... .............. 06/14/2000 ........7.830 .................3,654,415 ................................... ................................... ................................... ................................... ................................... .................6,157,727 ....04/26/2000<br />
15832700............................................. ......... WINDSOR........................................................................... CA....... .............. 09/12/2000 ........8.520 .................3,374,918 ................................... ................................... ................................... ................................... ................................... .................5,870,110 ....07/31/2000<br />
15833101............................................. ......... PLANO................................................................................ TX....... .............. 12/13/2000 ........8.030 .................8,240,983 ................................... ................................... ................................... ................................... ................................... ...............12,355,632 ....09/22/2000<br />
15833500............................................. ......... SACRAMENTO.................................................................. CA....... .............. 11/21/2000 ........8.110 .................4,908,107 ................................... ................................... ................................... ................................... ................................... .................7,969,573 ....09/14/2000<br />
15833600............................................. ......... NAPA.................................................................................. CA....... .............. 11/29/2000 ........8.780 .................3,195,857 ................................... ................................... ................................... ................................... ................................... .................9,410,000 ....09/15/2000<br />
15833700............................................. ......... COLUMBIA......................................................................... MD...... .............. 12/21/2000 ........8.680 .................8,285,451 ................................... ................................... ................................... ................................... ................................... ...............14,100,000 ....10/19/2000<br />
15833800............................................. ......... DANVILLE........................................................................... CA....... .............. 12/22/2000 ........8.030 .................3,425,780 ................................... ........................4,509 ................................... ................................... ................................... .................6,979,333 ....10/10/2000<br />
15834000............................................. ......... ROCKY HILL....................................................................... CT....... .............. 11/22/2000 ........7.890 .................8,477,990 ................................... ......................20,596 ................................... ................................... ................................... ...............14,200,000 ....10/27/2000<br />
15834100............................................. ......... ROCKY HILL....................................................................... CT....... .............. 11/22/2000 ........7.890 .................7,039,076 ................................... ......................19,898 ................................... ................................... ................................... ...............11,800,000 ....10/27/2000<br />
15834200............................................. ......... ROCKY HILL....................................................................... CT....... .............. 11/22/2000 ........7.890 .................6,654,760 ................................... ......................28,178 ................................... ................................... ................................... ...............11,800,000 ....10/27/2000<br />
15834300............................................. ......... FRANKLIN TOWNSHIP..................................................... NJ....... .............. 01/04/2001 ........8.000 .................6,307,367 ................................... ......................25,866 ................................... ................................... ................................... ...............11,200,000 ....11/07/2000<br />
15834500............................................. ......... AMERST............................................................................. NY....... .............. 02/16/2001 ........7.960 .................1,948,780 ................................... ................................... ................................... ................................... ................................... .................5,014,706 ....12/18/2000<br />
15834600............................................. ......... Costa Mesa......................................................................... CA....... .............. 02/27/2001 ........7.840 .................4,075,359 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....12/22/2000
E04.16<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15834800............................................. ......... BELLEVUE......................................................................... OH...... .............. 12/22/2000 ........8.000 ....................717,653 ................................... ................................... ................................... ................................... ................................... .................3,441,150 ....12/20/2000<br />
15835000............................................. ......... Evesham............................................................................. NJ....... .............. 04/20/2001 ........7.550 .................1,636,750 ................................... ................................... ................................... ................................... ................................... .................2,735,510 ....01/31/2001<br />
15835100............................................. ......... Petaluma............................................................................. CA....... .............. 04/06/2001 ........7.380 .................4,606,229 ................................... ................................... ................................... ................................... ................................... .................7,353,600 ....01/11/2001<br />
15835200............................................. ......... San Ramon......................................................................... CA....... .............. 03/27/2001 ........7.380 .................7,559,162 ................................... ......................57,699 ................................... ................................... ................................... ...............13,570,714 ....12/19/2000<br />
15835500............................................. ......... BUFFALO........................................................................... NY....... .............. 03/29/2001 ........7.500 .................5,020,392 ................................... ......................20,199 ................................... ................................... ................................... .................9,087,356 ....01/31/2001<br />
15835600............................................. ......... Santa Rosa......................................................................... CA....... .............. 01/31/2001 ........7.780 .................2,531,973 ................................... ........................9,941 ................................... ................................... ................................... .................4,680,000 ....01/17/2001<br />
15835800............................................. ......... New Orleans....................................................................... LA....... .............. 03/30/2001 ........8.470 .................4,436,268 ................................... ................................... ................................... ................................... ................................... ...............11,079,221 ....02/21/2001<br />
15835900............................................. ......... Skokie................................................................................. IL......... .............. 05/24/2001 ........7.310 .................5,455,029 ................................... ................................... ................................... ................................... ................................... .................9,754,111 ....03/12/2001<br />
15836100............................................. ......... Orange City......................................................................... FL........ .............. 04/24/2001 ........7.450 .................4,126,819 ................................... ................................... ................................... ................................... ................................... .................7,400,000 ....04/20/2001<br />
15836200............................................. ......... New Castle.......................................................................... DE....... .............. 06/26/2001 ........7.500 .................1,650,303 ................................... ................................... ................................... ................................... ................................... .................2,950,000 ....04/19/2001<br />
15836500............................................. ......... Stamford.............................................................................. CT....... .............. 07/31/2001 ........7.940 .................6,990,102 ................................... ................................... ................................... ................................... ................................... ...............11,350,000 ....05/25/2001<br />
15836600............................................. ......... Seattle................................................................................. WA...... .............. 05/15/2001 ........7.500 .................7,765,637 ................................... ................................... ................................... ................................... ................................... ...............12,420,000 ....04/26/2001<br />
15836700............................................. ......... Roswell................................................................................ GA....... .............. 07/20/2001 ........8.020 .................5,067,416 ................................... ................................... ................................... ................................... ................................... .................7,985,000 ....05/10/2001<br />
15836800............................................. ......... HENDERSON..................................................................... NV....... .............. 07/31/2001 ........8.200 .................6,451,414 ................................... ................................... ................................... ................................... ................................... ...............10,870,000 ....04/30/2001<br />
15836900............................................. ......... HENDERSON..................................................................... NV....... .............. 07/31/2001 ........8.200 .................6,714,737 ................................... ................................... ................................... ................................... ................................... ...............11,350,000 ....04/30/2001<br />
15837000............................................. ......... Roselle................................................................................ IL......... .............. 08/14/2001 ........8.040 .................1,885,076 ................................... ................................... ................................... ................................... ................................... .................3,959,370 ....06/04/2001<br />
15837200............................................. ......... Erie...................................................................................... PA....... .............. 08/16/2001 ........7.750 .................8,567,889 ................................... ................................... ................................... ................................... ................................... ...............26,802,488 ....06/11/2001<br />
15837300............................................. ......... BOISE................................................................................. ID........ .............. 10/10/2001 ........8.200 ...............15,332,558 ................................... ................................... ................................... ................................... ................................... ...............29,442,000 ....06/15/2001<br />
15837400............................................. ......... Tacoma............................................................................... WA...... .............. 08/03/2001 ........7.630 .................3,823,117 ................................... ................................... ................................... ................................... ................................... .................6,300,000 ....06/15/2001<br />
15837500............................................. ......... BREA.................................................................................. CA....... .............. 07/31/2001 ........7.810 .................3,733,684 ................................... ................................... ................................... ................................... ................................... .................7,600,000 ....06/25/2001<br />
15837600............................................. ......... TIMONIUM.......................................................................... MD...... .............. 10/09/2001 ........7.660 ...............21,603,474 ................................... ................................... ................................... ................................... ................................... ...............33,353,974 ....07/16/2001<br />
15837700............................................. ......... Tulsa................................................................................... OK....... .............. 10/05/2001 ........7.500 .................7,577,076 ................................... ................................... ................................... ................................... ................................... ...............11,316,000 ....07/11/2001<br />
15838000............................................. ......... SKOKIE............................................................................... IL......... .............. 10/30/2001 ........7.620 .................5,553,152 ................................... ................................... ................................... ................................... ................................... .................8,592,803 ....07/24/2001<br />
15838100............................................. ......... Des Moines......................................................................... IA........ .............. 08/10/2001 ........7.650 .................4,780,647 ................................... ................................... ................................... ................................... ................................... .................7,347,000 ....07/18/2001<br />
15838300............................................. ......... Naples................................................................................. FL........ .............. 08/02/2001 ........7.630 .................2,250,425 ................................... ................................... ................................... ................................... ................................... .................6,100,000 ....07/19/2001<br />
15838302............................................. ......... Naples................................................................................. FL........ .............. 07/25/2007 ........6.430 ....................866,523 ................................... ................................... ................................... ................................... ................................... .................6,100,000 ....07/19/2001<br />
15838400............................................. ......... SUGAR LAND.................................................................... TX....... .............. 10/25/2001 ........7.540 .................2,384,035 ................................... ................................... ................................... ................................... ................................... .................3,585,000 ....08/01/2001<br />
15838500............................................. ......... Glenview............................................................................. IL......... .............. 10/01/2001 ........7.760 ...............10,395,351 ................................... ................................... ................................... ................................... ................................... ...............16,386,816 ....04/18/2006<br />
15838501............................................. ......... Glenview............................................................................. IL......... .............. 06/20/2006 ........6.580 .................7,621,389 ................................... ................................... ................................... ................................... ................................... ...............18,938,609 ....04/18/2006<br />
15838600............................................. ......... WEST SACRAMENTO....................................................... CA....... .............. 10/18/2001 ........7.220 ...............21,141,247 ................................... ................................... ................................... ................................... ................................... ...............40,147,009 ....08/07/2001<br />
15838800............................................. ......... Springfield........................................................................... VA....... .............. 09/06/2001 ........7.250 ...............24,644,861 ................................... ................................... ................................... ................................... ................................... ...............38,000,001 ....08/24/2001<br />
15838900............................................. ......... Merriam............................................................................... KS....... .............. 09/27/2001 ........7.370 .................5,272,899 ................................... ................................... ................................... ................................... ................................... .................8,866,667 ....08/21/2001<br />
15839000............................................. ......... Schertz................................................................................ TX....... .............. 10/16/2001 ........7.170 .................5,256,127 ................................... ................................... ................................... ................................... ................................... ...............15,521,600 ....08/16/2001<br />
15839100............................................. ......... SANTA ROSA..................................................................... CA....... .............. 10/10/2001 ........7.000 .................4,528,879 ................................... ................................... ................................... ................................... ................................... ...............10,155,000 ....08/15/2001<br />
15839200............................................. ......... Myrtle Beach....................................................................... SC....... .............. 12/21/2001 ........7.080 .................4,194,087 ................................... ................................... ................................... ................................... ................................... .................8,784,000 ....09/24/2001<br />
15839300............................................. ......... Lynnwood............................................................................ WA...... .............. 12/21/2001 ........6.980 .................4,295,397 ................................... ................................... ................................... ................................... ................................... .................7,212,000 ....09/04/2001<br />
15839600............................................. ......... Phoenix............................................................................... AZ....... .............. 02/27/2002 ........6.850 .................4,960,653 ................................... ................................... ................................... ................................... ................................... .................7,943,000 ....09/10/2001<br />
15839700............................................. ......... Scottsdale........................................................................... AZ....... .............. 07/12/2002 ........6.850 .................2,332,379 ................................... ................................... ................................... ................................... ................................... .................3,552,000 ....09/10/2001<br />
15839800............................................. ......... White Bear Lake................................................................. MN...... .............. 12/20/2001 ........7.040 .................2,261,187 ................................... ................................... ................................... ................................... ................................... .................4,725,000 ....09/28/2001<br />
15839900............................................. ......... Annapolis Junction.............................................................. MD...... .............. 10/31/2001 ........7.000 .................8,127,876 ................................... ................................... ................................... ................................... ................................... ...............13,000,000 ....10/23/2001<br />
15840000............................................. ......... Carlsbad.............................................................................. CA....... .............. 11/02/2001 ........6.850 .................3,448,812 ................................... ................................... ................................... ................................... ................................... .................6,414,000 ....10/17/2001<br />
15840100............................................. ......... Delran Township................................................................. NJ....... .............. 12/20/2001 ........7.125 .................1,259,576 ................................... ................................... ................................... ................................... ................................... ...............14,310,000 ....10/26/2001<br />
15840700............................................. ......... Lynnwood............................................................................ WA...... .............. 05/31/2002 ........7.540 .................9,179,305 ................................... ................................... ................................... ................................... ................................... ...............15,345,000 ....01/10/2002<br />
15841000............................................. ......... Salt Lake City...................................................................... UT....... .............. 04/01/2002 ........7.300 .................2,673,035 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....02/01/2002<br />
15841300............................................. ......... SPRINGFIELD.................................................................... VA....... .............. 03/04/2002 ........7.270 .................8,768,085 ................................... ................................... ................................... ................................... ................................... ...............14,149,045 ....03/04/2002<br />
15841400............................................. ......... Springfield........................................................................... VA....... .............. 10/29/2002 ........7.370 .................5,779,001 ................................... ................................... ................................... ................................... ................................... .................9,252,000 ....03/26/2002<br />
15841500............................................. ......... SPRINGFIELD.................................................................... VA....... .............. 10/29/2002 ........7.370 ...............17,863,990 ................................... ................................... ................................... ................................... ................................... ...............26,600,000 ....03/26/2002<br />
15841800............................................. ......... Solana Beach..................................................................... CA....... .............. 10/15/2002 ........7.180 .................9,882,991 ................................... ................................... ................................... ................................... ................................... ...............16,571,383 ....05/31/2002<br />
15841900............................................. ......... SAN DIEGO........................................................................ CA....... .............. 05/22/2002 ........5.650 ...............13,632,154 ................................... ................................... ................................... ................................... ................................... ...............23,458,500 ....04/11/2002<br />
15842000............................................. ......... Pleasanton.......................................................................... CA....... .............. 06/10/2002 ........7.400 ...............10,237,206 ................................... ................................... ................................... ................................... ................................... ...............16,540,000 ....04/17/2002<br />
15842100............................................. ......... COLUMBIA......................................................................... MD...... .............. 06/25/2002 ........7.360 .................4,428,545 ................................... ................................... ................................... ................................... ................................... .................6,775,333 ....05/14/2002
E04.17<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15842300............................................. ......... HOLLYWOOD.................................................................... FL........ .............. 06/28/2002 ........7.610 .................2,801,179 ................................... ................................... ................................... ................................... ................................... .................4,500,000 ....05/07/2002<br />
15842400............................................. ......... Nashville.............................................................................. TN....... .............. 08/01/2002 ........7.360 .................4,489,121 ................................... ................................... ................................... ................................... ................................... .................7,395,229 ....06/10/2002<br />
15842500............................................. ......... Nashville.............................................................................. TN....... .............. 08/01/2002 ........7.360 .................6,656,733 ................................... ................................... ................................... ................................... ................................... .................9,969,600 ....06/08/2002<br />
15842600............................................. ......... Fort Wayne......................................................................... IN........ .............. 08/30/2002 ........7.320 .................3,125,000 ................................... ................................... ................................... ................................... ................................... ...............31,092,276 ....07/02/2002<br />
15842800............................................. ......... <strong>National</strong> City........................................................................ CA....... .............. 09/10/2002 ........7.050 ...............12,322,375 ................................... ................................... ................................... ................................... ................................... ...............21,292,050 ....06/06/2002<br />
15842900............................................. ......... Evansville............................................................................ IN........ .............. 08/15/2002 ........6.970 .................7,459,756 ................................... ................................... ................................... ................................... ................................... ...............14,511,172 ....06/19/2002<br />
15843000............................................. ......... Knoxville.............................................................................. TN....... .............. 10/09/2002 ........6.990 .................6,202,190 ................................... ................................... ................................... ................................... ................................... .................9,347,917 ....06/21/2002<br />
15843100............................................. ......... SPARTANBURG................................................................ SC....... .............. 07/30/2002 ........7.030 .................4,678,855 ................................... ................................... ................................... ................................... ................................... .................7,188,000 ....07/16/2002<br />
15843300............................................. ......... SAN JOSE.......................................................................... CA....... .............. 09/05/2002 ........6.410 .................3,682,043 ................................... ................................... ................................... ................................... ................................... .................8,900,000 ....07/08/2002<br />
15843400............................................. ......... Fresno................................................................................. CA....... .............. 09/17/2002 ........6.580 .................9,664,035 ................................... ................................... ................................... ................................... ................................... ...............15,245,000 ....07/15/2002<br />
15843500............................................. ......... Fresno................................................................................. CA....... .............. 09/17/2002 ........6.590 ...............10,363,803 ................................... ................................... ................................... ................................... ................................... ...............16,335,000 ....07/15/2002<br />
15843600............................................. ......... Fresno................................................................................. CA....... .............. 09/17/2002 ........6.850 .................9,214,832 ................................... ................................... ................................... ................................... ................................... ...............14,455,000 ....07/15/2002<br />
15843700............................................. ......... Various................................................................................ PA....... .............. 10/10/2002 ........6.710 .................1,761,163 ................................... ................................... ................................... ................................... ................................... .................3,867,000 ....07/26/2002<br />
15843801............................................. ......... Laredo................................................................................. TX....... .............. 10/03/2002 ........6.730 .................7,859,533 ................................... ................................... ................................... ................................... ................................... ...............12,896,000 ....07/19/2002<br />
15844100............................................. ......... Albuquerque....................................................................... NM...... .............. 10/15/2002 ........6.610 .................4,120,999 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....08/08/2002<br />
15844200............................................. ......... Lancaster............................................................................ PA....... .............. 11/21/2002 ........6.300 .................7,212,708 ................................... ................................... ................................... ................................... ................................... ...............14,609,000 ....08/20/2002<br />
15844400............................................. ......... Laramie............................................................................... WY...... .............. 02/05/2003 ........6.790 .................4,190,512 ................................... ................................... ................................... ................................... ................................... .................7,200,000 ....09/03/2002<br />
15844501............................................. ......... Raleigh................................................................................ NC....... .............. 12/12/2002 ........6.260 .................4,265,209 ................................... ................................... ................................... ................................... ................................... .................6,919,000 ....09/06/2002<br />
15844502............................................. ......... Raleigh................................................................................ NC....... .............. 12/12/2002 ........5.860 ......................92,090 ................................... ................................... ................................... ................................... ................................... .................6,919,000 ....09/06/2002<br />
15844800............................................. ......... Brentwood........................................................................... TN....... .............. 01/14/2003 ........6.050 .................4,850,638 ................................... ................................... ................................... ................................... ................................... .................9,090,905 ....10/03/2002<br />
15844901............................................. ......... WOODBURY...................................................................... NY....... .............. 11/26/2002 ........6.040 ...............16,408,816 ................................... ................................... ................................... ................................... ................................... ...............44,304,000 ....09/30/2002<br />
15844902............................................. ......... WOODBURY...................................................................... NY....... .............. 11/26/2002 ........6.040 ...............10,956,758 ................................... ................................... ................................... ................................... ................................... ...............49,920,000 ....09/30/2002<br />
15845000............................................. ......... Libertyville........................................................................... IL......... .............. 11/13/2002 ........6.360 .................6,105,807 ................................... ................................... ................................... ................................... ................................... ...............10,745,492 ....09/16/2002<br />
15845200............................................. ......... Montgomeryville.................................................................. PA....... .............. 11/26/2002 ........5.130 ....................739,439 ................................... ................................... ................................... ................................... ................................... .................3,255,000 ....10/03/2002<br />
15845300............................................. ......... PHILADELPHIA.................................................................. PA....... .............. 12/02/2002 ........6.210 .................4,831,711 ................................... ................................... ................................... ................................... ................................... .................7,693,889 ....11/14/2002<br />
15846000............................................. ......... Aurora................................................................................. OH...... .............. 01/17/2003 ........5.360 .................3,301,555 ................................... ................................... ................................... ................................... ................................... .................8,140,000 ....11/19/2002<br />
15846100............................................. ......... LYNNWOOD....................................................................... WA...... .............. 01/31/2003 ........5.960 .................4,072,029 ................................... ................................... ................................... ................................... ................................... .................6,635,000 ....10/24/2002<br />
15846200............................................. ......... NEW CASTLE.................................................................... PA....... .............. 01/15/2003 ........6.500 .................3,411,364 ................................... ................................... ................................... ................................... ................................... .................5,725,789 ....12/06/2002<br />
15846300............................................. ......... San Diego........................................................................... CA....... .............. 12/23/2002 ........5.840 .................4,067,375 ................................... ................................... ................................... ................................... ................................... .................8,007,936 ....11/15/2002<br />
15846400............................................. ......... Chicago............................................................................... IL......... .............. 01/28/2003 ........5.300 ...............13,731,740 ................................... ................................... ................................... ................................... ................................... ...............27,058,050 ....01/09/2003<br />
15846401............................................. ......... Chicago............................................................................... IL......... .............. 05/28/2003 ........5.390 .................1,047,827 ................................... ................................... ................................... ................................... ................................... ...............27,058,051 ....01/09/2003<br />
15846500............................................. ......... HOUSTON.......................................................................... TX....... .............. 01/17/2003 ........5.580 .................2,619,108 ................................... ................................... ................................... ................................... ................................... .................4,832,000 ....11/19/2002<br />
15846700............................................. ......... Thousand Oaks.................................................................. CA....... .............. 03/12/2003 ........5.460 .................3,034,025 ................................... ................................... ................................... ................................... ................................... .................8,781,000 ....12/23/2002<br />
15846800............................................. ......... Alexandria........................................................................... VA....... .............. 04/22/2003 ........5.960 ...............16,813,413 ................................... ................................... ................................... ................................... ................................... ...............25,749,318 ....01/31/2003<br />
15847000............................................. ......... Port Hueneme..................................................................... CA....... .............. 05/29/2003 ........6.500 ...............13,236,984 ................................... ................................... ................................... ................................... ................................... ...............21,931,000 ....01/23/2003<br />
15847100............................................. ......... Burnsville............................................................................. MN...... .............. 02/25/2003 ........5.870 .................3,694,008 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....01/29/2003<br />
15847200............................................. ......... Raleigh................................................................................ NC....... .............. 05/09/2003 ........5.770 .................2,652,646 ................................... ................................... ................................... ................................... ................................... .................4,053,000 ....02/14/2003<br />
15847300............................................. ......... Coeur d Alene..................................................................... ID........ .............. 05/30/2003 ........5.770 .................2,327,682 ................................... ................................... ................................... ................................... ................................... .................3,610,038 ....01/30/2003<br />
15847400............................................. ......... Wheeling............................................................................. IL......... .............. 08/14/2003 ........5.680 .................4,320,678 ................................... ................................... ................................... ................................... ................................... .................8,331,551 ....03/10/2003<br />
15847500............................................. ......... Plainsboro........................................................................... NJ....... .............. 05/14/2003 ........5.610 .................2,177,820 ................................... ................................... ................................... ................................... ................................... .................5,337,000 ....03/13/2003<br />
15847700............................................. ......... Radnor................................................................................ PA....... .............. 05/15/2003 ........5.510 .................9,884,487 ................................... ................................... ................................... ................................... ................................... ...............17,481,290 ....03/20/2003<br />
15847800............................................. ......... RICHMOND........................................................................ CA....... .............. 06/16/2003 ........5.650 .................4,964,264 ................................... ................................... ................................... ................................... ................................... .................7,300,000 ....03/26/2003<br />
15847900............................................. ......... Memphis.............................................................................. TN....... .............. 06/03/2003 ........5.540 ....................824,176 ................................... ................................... ................................... ................................... ................................... .................1,426,711 ....03/27/2003<br />
15848000............................................. ......... ROWAYTON....................................................................... CT....... .............. 05/06/2003 ........4.580 ...............10,388,487 ................................... ................................... ................................... ................................... ................................... ...............31,106,000 ....03/26/2003<br />
15848100............................................. ......... Boise................................................................................... ID........ .............. 06/09/2003 ........5.500 .................7,240,286 ................................... ................................... ................................... ................................... ................................... ...............11,068,000 ....03/12/2003<br />
15848200............................................. ......... San Juan Capistrano.......................................................... CA....... .............. 06/30/2003 ........5.350 .................4,224,850 ................................... ................................... ................................... ................................... ................................... .................7,460,000 ....03/25/2003<br />
15848300............................................. ......... Elmhurst.............................................................................. IL......... .............. 07/21/2003 ........6.250 .................2,719,669 ................................... ................................... ................................... ................................... ................................... .................9,789,000 ....05/27/2003<br />
15848400............................................. ......... San Marcos......................................................................... TX....... .............. 07/01/2003 ........5.630 .................5,468,333 ................................... ................................... ................................... ................................... ................................... .................7,713,773 ....04/10/2003<br />
15848500............................................. ......... Boston................................................................................. MA...... .............. 06/30/2003 ........6.500 .................9,859,167 ................................... ................................... ................................... ................................... ................................... ...............49,775,000 ....04/25/2003<br />
15848700............................................. ......... Phoenix............................................................................... AZ....... .............. 05/29/2003 ........4.930 .................6,973,234 ................................... ................................... ................................... ................................... ................................... ...............10,691,084 ....04/25/2003<br />
15848800............................................. ......... Austell................................................................................. GA....... .............. 07/28/2003 ........5.640 .................9,450,426 ................................... ................................... ................................... ................................... ................................... ...............13,861,159 ....05/06/2003
E04.18<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15848900............................................. ......... South San Francisco.......................................................... CA....... .............. 08/13/2003 ........5.320 .................5,850,858 ................................... ................................... ................................... ................................... ................................... ...............11,596,000 ....04/28/2003<br />
15849000............................................. ......... Riverside............................................................................. CA....... .............. 08/05/2003 ........5.330 ...............32,996,321 ................................... ................................... ................................... ................................... ................................... ...............57,550,000 ....04/25/2003<br />
15849200............................................. ......... Tulsa................................................................................... OK....... .............. 06/13/2003 ........5.890 .................5,586,048 ................................... ................................... ................................... ................................... ................................... ...............10,142,567 ....05/14/2003<br />
15849500............................................. ......... Glendale.............................................................................. WI....... .............. 08/11/2003 ........5.220 ...............10,273,769 ................................... ................................... ................................... ................................... ................................... ...............17,597,600 ....06/09/2003<br />
15849600............................................. ......... Chandler............................................................................. AZ....... .............. 07/31/2003 ........5.210 ...............12,213,806 ................................... ................................... ................................... ................................... ................................... ...............24,590,635 ....06/05/2003<br />
15849700............................................. ......... Mayfield Heights................................................................. OH...... .............. 09/05/2003 ........5.710 .................1,684,946 ................................... ................................... ................................... ................................... ................................... .................2,568,908 ....06/17/2003<br />
15849800............................................. ......... CLOVIS............................................................................... CA....... .............. 10/02/2003 ........4.730 .................3,659,308 ................................... ................................... ................................... ................................... ................................... .................8,009,000 ....07/18/2003<br />
15850000............................................. ......... Delray Beach...................................................................... FL........ .............. 09/15/2003 ........4.910 .................4,928,935 ................................... ................................... ................................... ................................... ................................... .................7,510,759 ....07/16/2003<br />
15850100............................................. ......... Madison............................................................................... WI....... .............. 08/06/2003 ........4.810 .................7,125,193 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....07/09/2003<br />
15850200............................................. ......... WARRENSVILLE HEIGHTS.............................................. OH...... .............. 08/27/2003 ........4.810 .................7,975,180 ................................... ................................... ................................... ................................... ................................... ...............12,951,000 ....07/08/2003<br />
15850400............................................. ......... Palm Coast......................................................................... FL........ .............. 10/30/2003 ........4.710 .................2,225,082 ................................... ................................... ................................... ................................... ................................... .................4,914,097 ....08/04/2003<br />
15850500............................................. ......... Bolingbrook......................................................................... IL......... .............. 01/16/2004 ........5.580 ....................897,830 ................................... ................................... ................................... ................................... ................................... .................1,449,091 ....08/01/2003<br />
15850600............................................. ......... Fresno................................................................................. CA....... .............. 10/28/2003 ........5.810 .................3,387,147 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....08/15/2003<br />
15850700............................................. ......... SCOTTSDALE.................................................................... AZ....... .............. 11/25/2003 ........6.290 ...............17,324,289 ................................... ................................... ................................... ................................... ................................... ...............25,947,737 ....08/14/2003<br />
15850800............................................. ......... Phoenix............................................................................... AZ....... .............. 10/01/2003 ........5.320 .................4,430,394 ................................... ................................... ................................... ................................... ................................... .................6,683,654 ....08/05/2003<br />
15850900............................................. ......... Owings Mills........................................................................ MD...... .............. 12/04/2003 ........6.220 ...............13,861,236 ................................... ................................... ................................... ................................... ................................... ...............20,758,019 ....09/05/2003<br />
15851000............................................. ......... Owings Mills........................................................................ MD...... .............. 12/04/2003 ........7.850 ...............10,298,404 ................................... ................................... ................................... ................................... ................................... ...............15,087,655 ....09/05/2003<br />
15851100............................................. ......... Durham............................................................................... NC....... .............. 10/21/2003 ........6.280 .................7,207,972 ................................... ................................... ................................... ................................... ................................... ...............11,446,957 ....09/04/2003<br />
15851200............................................. ......... Southfield............................................................................ MI........ .............. 12/11/2003 ........6.340 ....................907,365 ................................... ................................... ................................... ................................... ................................... .................1,343,158 ....09/16/2003<br />
15851201............................................. ......... Farmington Hills.................................................................. MI........ .............. 12/11/2003 ........6.120 ....................452,338 ................................... ................................... ................................... ................................... ................................... .................1,751,619 ....10/29/2003<br />
15851300............................................. ......... Duluth.................................................................................. GA....... .............. 11/24/2003 ........6.040 .................7,269,264 ................................... ................................... ................................... ................................... ................................... ...............10,611,358 ....09/22/2003<br />
15851400............................................. ......... Lawrenceville...................................................................... GA....... .............. 12/18/2003 ........6.040 .................8,387,445 ................................... ................................... ................................... ................................... ................................... ...............12,133,333 ....09/22/2003<br />
15851500............................................. ......... Santa Clara......................................................................... CA....... .............. 12/15/2003 ........6.180 .................8,719,010 ................................... ................................... ................................... ................................... ................................... ...............13,413,000 ....09/15/2003<br />
15851700............................................. ......... Baltimore............................................................................. MD...... .............. 12/16/2003 ........6.230 .................5,731,199 ................................... ................................... ................................... ................................... ................................... .................9,951,679 ....10/02/2003<br />
15851800............................................. ......... Huntingdon Valley............................................................... PA....... .............. 12/01/2003 ........6.500 .................5,726,443 ................................... ................................... ................................... ................................... ................................... .................9,228,529 ....10/08/2003<br />
15852000............................................. ......... Fresno................................................................................. CA....... .............. 10/30/2003 ........5.810 .................4,554,148 ................................... ................................... ................................... ................................... ................................... .................9,096,000 ....10/01/2003<br />
15852100............................................. ......... Clifton.................................................................................. NJ....... .............. 12/15/2003 ........5.590 .................5,076,997 ................................... ................................... ................................... ................................... ................................... .................8,097,000 ....10/22/2003<br />
15852400............................................. ......... Phoenix............................................................................... AZ....... .............. 12/18/2003 ........5.260 .................6,686,444 ................................... ................................... ................................... ................................... ................................... ...............10,457,000 ....11/03/2003<br />
15852500............................................. ......... Germantown....................................................................... WI....... .............. 12/19/2003 ........5.740 .................4,033,405 ................................... ................................... ................................... ................................... ................................... .................7,427,752 ....11/12/2003<br />
15852600............................................. ......... IRVINE................................................................................ CA....... .............. 02/27/2004 ........5.830 .................8,578,454 ................................... ................................... ................................... ................................... ................................... ...............13,190,000 ....11/05/2003<br />
15852700............................................. ......... Tracy................................................................................... CA....... .............. 08/05/2005 ........5.860 .................9,313,654 ................................... ................................... ................................... ................................... ................................... ...............14,742,000 ....12/10/2003<br />
15852800............................................. ......... Boise................................................................................... ID........ .............. 03/10/2004 ........6.140 .................6,235,117 ................................... ................................... ................................... ................................... ................................... ...............10,213,161 ....12/12/2003<br />
15853000............................................. ......... Fresno................................................................................. CA....... .............. 06/04/2004 ........5.890 .................1,689,858 ................................... ................................... ................................... ................................... ................................... .................3,088,157 ....01/29/2004<br />
15853100............................................. ......... Memphis.............................................................................. TN....... .............. 03/29/2004 ........6.270 ...............15,614,118 ................................... ................................... ................................... ................................... ................................... ...............36,687,600 ....01/27/2004<br />
15853300............................................. ......... Carmel................................................................................. IN........ .............. 11/12/2004 ........5.890 .................6,171,522 ................................... ................................... ................................... ................................... ................................... .................9,860,000 ....01/30/2004<br />
15853501............................................. ......... Boston................................................................................. MA...... .............. 04/15/2004 ........4.900 .................3,262,455 ................................... ................................... ................................... ................................... ................................... .................5,660,000 ....02/12/2004<br />
15853502............................................. ......... Boston................................................................................. MA...... .............. 04/15/2004 ........3.790 ......................22,687 ................................... ................................... ................................... ................................... ................................... .................5,660,000 ....02/12/2004<br />
15853600............................................. ......... San Diego........................................................................... CA....... .............. 04/15/2004 ........5.920 .................7,263,634 ................................... ................................... ................................... ................................... ................................... ...............11,079,000 ....02/13/2004<br />
15853700............................................. ......... Fresno................................................................................. CA....... .............. 05/26/2004 ........5.910 .................8,564,056 ................................... ................................... ................................... ................................... ................................... ...............13,260,000 ....02/20/2004<br />
15853800............................................. ......... Countryside......................................................................... IL......... .............. 04/13/2004 ........5.510 .................7,521,546 ................................... ................................... ................................... ................................... ................................... ...............11,000,001 ....03/02/2004<br />
15853900............................................. ......... Cincinnati............................................................................ OH...... .............. 04/28/2004 ........5.410 .................6,374,188 ................................... ................................... ................................... ................................... ................................... .................9,453,000 ....02/26/2004<br />
15854000............................................. ......... Montgomeryville.................................................................. PA....... .............. 05/07/2004 ........5.200 .................3,319,817 ................................... ................................... ................................... ................................... ................................... .................5,621,763 ....03/09/2004<br />
15854100............................................. ......... Towamencin Township....................................................... PA....... .............. 09/10/2004 ........5.500 .................1,588,827 ................................... ................................... ................................... ................................... ................................... .................3,571,511 ....03/09/2004<br />
15854200............................................. ......... Bay City............................................................................... TX....... .............. 06/16/2004 ........6.040 .................1,024,307 ................................... ................................... ................................... ................................... ................................... .................1,593,747 ....02/27/2004<br />
15854300............................................. ......... Shakopee............................................................................ MN...... .............. 07/16/2004 ........5.790 .................1,744,114 ................................... ................................... ................................... ................................... ................................... .................2,680,067 ....03/10/2004<br />
15854500............................................. ......... Spokane.............................................................................. WA...... .............. 07/30/2004 ........5.310 .................8,779,345 ................................... ................................... ................................... ................................... ................................... ...............16,792,833 ....03/03/2004<br />
15854611............................................. ......... Stafford................................................................................ TX....... .............. 02/09/2006 ........5.530 ...............14,268,773 ................................... ................................... ................................... ................................... ................................... ...............18,668,719 ....01/25/2006<br />
15854800............................................. ......... Newark................................................................................ NJ....... .............. 05/27/2004 ........5.580 .................8,303,722 ................................... ................................... ................................... ................................... ................................... ...............23,785,052 ....04/05/2004<br />
15854900............................................. ......... Wharton............................................................................... NJ....... .............. 05/13/2004 ........5.460 ...............17,155,922 ................................... ................................... ................................... ................................... ................................... ...............30,488,371 ....04/12/2004<br />
15855000............................................. ......... Salinas................................................................................ CA....... .............. 06/30/2004 ........5.000 .................8,826,262 ................................... ................................... ................................... ................................... ................................... ...............15,335,000 ....03/26/2004<br />
15855100............................................. ......... Plymouth............................................................................. MI........ .............. 07/02/2004 ........4.710 .................9,500,000 ................................... ................................... ................................... ................................... ................................... ...............24,470,000 ....04/21/2004<br />
15855200............................................. ......... Bedford................................................................................ TX....... .............. 06/29/2004 ........5.580 .................3,944,238 ................................... ................................... ................................... ................................... ................................... .................6,283,000 ....04/30/2004
E04.19<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15855300............................................. ......... Bedford................................................................................ TX....... .............. 06/29/2004 ........5.580 .................4,321,476 ................................... ................................... ................................... ................................... ................................... .................7,552,000 ....04/30/2004<br />
15855400............................................. ......... Elgin.................................................................................... IL......... .............. 06/10/2004 ........3.780 .................1,964,150 ................................... ................................... ................................... ................................... ................................... .................7,205,000 ....04/16/2004<br />
15855500............................................. ......... Mesa................................................................................... AZ....... .............. 08/10/2004 ........4.830 ...............12,301,918 ................................... ................................... ................................... ................................... ................................... ...............17,651,000 ....04/12/2004<br />
15855600............................................. ......... Stockton.............................................................................. CA....... .............. 08/31/2004 ........6.030 .................3,018,712 ................................... ................................... ................................... ................................... ................................... .................4,665,000 ....04/30/2004<br />
15855800............................................. ......... Scottsdale........................................................................... AZ....... .............. 06/01/2004 ........5.420 .................2,711,497 ................................... ................................... ................................... ................................... ................................... .................4,045,000 ....04/30/2004<br />
15855900............................................. ......... Poway................................................................................. CA....... .............. 07/27/2004 ........6.180 .................7,315,110 ................................... ................................... ................................... ................................... ................................... ...............10,190,446 ....05/18/2004<br />
15856000............................................. ......... San Antonio........................................................................ TX....... .............. 09/15/2004 ........6.250 .................4,775,065 ................................... ................................... ................................... ................................... ................................... .................7,270,000 ....06/01/2004<br />
15856100............................................. ......... Houston............................................................................... TX....... .............. 08/19/2004 ........5.530 .................2,072,928 ................................... ................................... ................................... ................................... ................................... .................4,730,000 ....06/28/2004<br />
15856200............................................. ......... Plainfield.............................................................................. IN........ .............. 09/10/2004 ........5.960 .................3,244,620 ................................... ................................... ................................... ................................... ................................... .................5,545,044 ....06/17/2004<br />
15856300............................................. ......... Alsip..................................................................................... IL......... .............. 09/02/2004 ........6.080 .................2,709,326 ................................... ................................... ................................... ................................... ................................... .................4,108,868 ....07/09/2004<br />
15856400............................................. ......... Bradenton........................................................................... FL........ .............. 09/20/2004 ........6.180 .................2,835,945 ................................... ................................... ................................... ................................... ................................... .................4,037,740 ....07/15/2004<br />
15856500............................................. ......... Orange................................................................................ CA....... .............. 11/15/2004 ........6.060 .................4,612,800 ................................... ................................... ................................... ................................... ................................... .................7,131,000 ....07/07/2004<br />
15856600............................................. ......... Snellville.............................................................................. GA....... .............. 12/07/2004 ........5.950 .................7,386,221 ................................... ................................... ................................... ................................... ................................... ...............10,910,000 ....08/11/2004<br />
15856700............................................. ......... Fort Oglethorpe................................................................... GA....... .............. 11/10/2004 ........5.960 .................6,842,518 ................................... ................................... ................................... ................................... ................................... ...............10,427,000 ....08/11/2004<br />
15856800............................................. ......... Pittsburg.............................................................................. PA....... .............. 11/09/2004 ........5.870 ...............20,436,684 ................................... ................................... ................................... ................................... ................................... ...............34,305,404 ....09/01/2004<br />
15856900............................................. ......... Melville Long Islan.............................................................. NY....... .............. 11/30/2004 ........5.830 .................4,845,222 ................................... ................................... ................................... ................................... ................................... .................7,441,781 ....09/08/2004<br />
15857000............................................. ......... Bradenton........................................................................... FL........ .............. 12/01/2004 ........5.070 .................1,700,080 ................................... ................................... ................................... ................................... ................................... .................4,533,830 ....10/27/2004<br />
15857100............................................. ......... New Port Richey................................................................. FL........ .............. 12/01/2004 ........5.070 .................1,700,080 ................................... ................................... ................................... ................................... ................................... .................4,664,730 ....10/27/2004<br />
15857300............................................. ......... Las Vegas........................................................................... NV....... .............. 01/28/2005 ........5.500 .................5,982,875 ................................... ................................... ................................... ................................... ................................... .................8,632,000 ....10/29/2004<br />
15857400............................................. ......... LAS VEGAS........................................................................ NV....... .............. 03/31/2005 ........5.100 .................6,901,092 ................................... ................................... ................................... ................................... ................................... ...............10,020,000 ....10/29/2004<br />
15857600............................................. ......... Glendale.............................................................................. WI....... .............. 12/16/2004 ........5.480 .................1,495,455 ................................... ................................... ................................... ................................... ................................... .................2,338,411 ....11/10/2004<br />
15857700............................................. ......... NEW BERLIN...................................................................... WI....... .............. 12/16/2004 ........5.480 .................1,979,279 ................................... ................................... ................................... ................................... ................................... .................3,110,600 ....11/10/2004<br />
15857800............................................. ......... Wauwatosa......................................................................... WI....... .............. 12/16/2004 ........5.480 .................3,782,623 ................................... ................................... ................................... ................................... ................................... .................5,914,033 ....11/09/2004<br />
15858100............................................. ......... Milwaukee........................................................................... WI....... .............. 12/22/2004 ........4.780 .................5,140,700 ................................... ................................... ................................... ................................... ................................... .................8,479,321 ....11/22/2004<br />
15858200............................................. ......... Peoria.................................................................................. AZ....... .............. 01/28/2005 ........5.800 .................2,955,370 ................................... ................................... ................................... ................................... ................................... .................4,561,778 ....12/10/2004<br />
15858300............................................. ......... Fresno................................................................................. CA....... .............. 09/30/2005 ........5.520 .................9,051,416 ................................... ................................... ................................... ................................... ................................... ...............14,602,500 ....12/23/2004<br />
15858400............................................. ......... Fresno................................................................................. CA....... .............. 05/27/2005 ........4.990 .................4,764,190 ................................... ................................... ................................... ................................... ................................... ...............12,670,867 ....12/21/2005<br />
15858401............................................. ......... Fresno................................................................................. CA....... .............. 08/09/2006 ........5.480 .................5,290,577 ................................... ................................... ................................... ................................... ................................... ...............12,672,487 ....12/21/2005<br />
15858402............................................. ......... Fresno................................................................................. CA....... .............. 09/26/2007 ........5.700 .................7,276,465 ................................... ................................... ................................... ................................... ................................... ...............12,671,418 ....12/21/2005<br />
15858600............................................. ......... Lafayette............................................................................. IN........ .............. 08/31/2005 ........5.710 .................8,011,909 ................................... ................................... ................................... ................................... ................................... ...............11,108,034 ....02/17/2005<br />
15858700............................................. ......... LA PORTE.......................................................................... IN........ .............. 05/26/2005 ........5.480 ...............12,927,636 ................................... ................................... ................................... ................................... ................................... ...............19,600,000 ....02/25/2005<br />
15858800............................................. ......... Kerrville............................................................................... TX....... .............. 05/02/2005 ........4.960 .................3,961,297 ................................... ................................... ................................... ................................... ................................... .................5,618,000 ....03/03/2005<br />
15858900............................................. ......... Mesa................................................................................... AZ....... .............. 08/30/2005 ........5.740 ...............26,201,937 ................................... ................................... ................................... ................................... ................................... ...............37,709,000 ....03/30/2005<br />
15859100............................................. ......... Leon Valley......................................................................... TX....... .............. 06/24/2005 ........5.570 .................3,605,997 ................................... ................................... ................................... ................................... ................................... .................5,580,000 ....04/21/2005<br />
15859200............................................. ......... NORTH DARTMOUTH....................................................... MA...... .............. 08/09/2005 ........5.720 .................7,931,862 ................................... ................................... ................................... ................................... ................................... ...............25,160,000 ....05/23/2005<br />
15859300............................................. ......... Larado................................................................................. TX....... .............. 06/29/2005 ........5.500 .................6,044,497 ................................... ................................... ................................... ................................... ................................... .................8,866,812 ....04/28/2005<br />
15859400............................................. ......... Everett................................................................................. WA...... .............. 07/14/2005 ........5.500 ...............11,181,512 ................................... ................................... ................................... ................................... ................................... ...............17,758,000 ....05/02/2005<br />
15859500............................................. ......... Fresno................................................................................. CA....... .............. 09/08/2005 ........5.450 .................4,621,340 ................................... ................................... ................................... ................................... ................................... .................6,900,000 ....05/17/2005<br />
15859600............................................. ......... El Paso................................................................................ TX....... .............. 12/08/2005 ........5.500 .................5,538,979 ................................... ................................... ................................... ................................... ................................... .................7,506,149 ....05/20/2005<br />
15859800............................................. ......... Jersey City.......................................................................... NJ....... .............. 07/19/2005 ........5.490 ...............16,014,059 ................................... ................................... ................................... ................................... ................................... ...............22,429,000 ....05/25/2005<br />
15859900............................................. ......... Vernon................................................................................. CA....... .............. 07/19/2005 ........5.480 .................8,611,390 ................................... ................................... ................................... ................................... ................................... ...............12,062,000 ....05/26/2005<br />
15860100............................................. ......... Reno.................................................................................... NV....... .............. 09/29/2005 ........5.290 ...............21,204,010 ................................... ................................... ................................... ................................... ................................... ...............30,350,172 ....05/24/2005<br />
15860200............................................. ......... St. Charles.......................................................................... IL......... .............. 08/12/2005 ........5.360 ....................891,824 ................................... ................................... ................................... ................................... ................................... .................1,326,000 ....06/16/2005<br />
15860300............................................. ......... St. Charles.......................................................................... IL......... .............. 08/12/2005 ........5.360 .................5,864,418 ................................... ................................... ................................... ................................... ................................... .................8,919,000 ....06/16/2005<br />
15860400............................................. ......... Perth Amboy....................................................................... NJ....... .............. 07/20/2005 ........5.300 .................9,743,994 ................................... ................................... ................................... ................................... ................................... ...............13,670,000 ....06/02/2005<br />
15860500............................................. ......... BLOOMINGTON................................................................. MN...... .............. 09/20/2005 ........5.240 .................5,641,192 ................................... ................................... ................................... ................................... ................................... .................8,197,000 ....07/12/2005<br />
15860600............................................. ......... Cuyahoga Falls................................................................... OH...... .............. 10/21/2005 ........5.220 .................2,534,040 ................................... ................................... ................................... ................................... ................................... .................3,745,000 ....08/09/2005<br />
15860900............................................. ......... Findlay Township................................................................ PA....... .............. 11/04/2005 ........5.640 .................5,469,891 ................................... ................................... ................................... ................................... ................................... .................9,782,000 ....08/29/2005<br />
15861000............................................. ......... Minneapolis......................................................................... MN...... .............. 12/22/2005 ........5.690 .................4,147,166 ................................... ................................... ................................... ................................... ................................... .................6,385,238 ....08/30/2005<br />
15861100............................................. ......... Akron................................................................................... OH...... .............. 04/20/2006 ........5.710 ...............11,396,847 ................................... ................................... ................................... ................................... ................................... ...............16,000,000 ....09/26/2005<br />
15861300............................................. ......... Franklin Park....................................................................... IL......... .............. 12/19/2005 ........5.490 .................3,674,742 ................................... ................................... ................................... ................................... ................................... .................5,678,254 ....10/03/2005
E04.20<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
15861400............................................. ......... Medford............................................................................... OR...... .............. 12/07/2005 ........5.270 .................4,541,265 ................................... ................................... ................................... ................................... ................................... .................6,667,000 ....09/13/2005<br />
15861500............................................. ......... Burlington............................................................................ VT....... .............. 11/01/2005 ........5.230 .................4,960,190 ................................... ................................... ................................... ................................... ................................... .................9,497,868 ....10/13/2005<br />
15861700............................................. ......... El Paso................................................................................ TX....... .............. 11/17/2005 ........5.178 .................5,997,439 ................................... ................................... ................................... ................................... ................................... .................9,375,000 ....09/22/2005<br />
15861800............................................. ......... Marysville............................................................................ WA...... .............. 12/06/2005 ........5.410 .................9,565,946 ................................... ................................... ................................... ................................... ................................... ...............15,198,000 ....10/04/2005<br />
15862000............................................. ......... Marshfield............................................................................ WI....... .............. 12/02/2005 ........5.600 .................3,759,329 ................................... ................................... ................................... ................................... ................................... .................5,775,000 ....10/27/2005<br />
15862100............................................. ......... Noblesville........................................................................... IN........ .............. 11/23/2005 ........5.660 .................8,276,464 ................................... ................................... ................................... ................................... ................................... ...............11,000,000 ....10/25/2005<br />
15862200............................................. ......... Altamonte Springs.............................................................. FL........ .............. 12/15/2005 ........5.550 .................3,953,962 ................................... ................................... ................................... ................................... ................................... .................5,762,000 ....10/28/2005<br />
15862300............................................. ......... Philadelphia........................................................................ PA....... .............. 04/27/2006 ........5.590 ...............10,606,197 ................................... ................................... ................................... ................................... ................................... ...............15,800,000 ....11/18/2005<br />
15862400............................................. ......... O Fallon............................................................................... MO...... .............. 01/04/2006 ........5.800 .................9,879,912 ................................... ................................... ................................... ................................... ................................... ...............13,300,000 ....12/02/2005<br />
15862500............................................. ......... Houston............................................................................... TX....... .............. 12/21/2005 ........5.687 .................2,164,775 ................................... ................................... ................................... ................................... ................................... .................3,750,000 ....11/11/2005<br />
15862601............................................. ......... Plymouth............................................................................. MN...... .............. 02/07/2006 ........5.660 .................6,301,757 ................................... ................................... ................................... ................................... ................................... ...............18,281,238 ....12/18/2005<br />
15862602............................................. ......... Plymouth............................................................................. MN...... .............. 06/22/2006 ........5.710 .................6,910,758 ................................... ................................... ................................... ................................... ................................... ...............18,472,121 ....12/18/2005<br />
15862700............................................. ......... Strongsville.......................................................................... OH...... .............. 02/01/2006 ........5.500 .................3,771,343 ................................... ................................... ................................... ................................... ................................... .................6,215,000 ....12/05/2005<br />
15862800............................................. ......... Carlsbad.............................................................................. CA....... .............. 06/22/2006 ........5.720 .................7,129,729 ................................... ................................... ................................... ................................... ................................... .................9,900,000 ....11/21/2005<br />
15863000............................................. ......... Secaucus............................................................................ NJ....... .............. 03/22/2006 ........5.510 .................7,218,253 ................................... ................................... ................................... ................................... ................................... ...............10,200,000 ....01/09/2006<br />
15863200............................................. ......... NORTH LAS VEGAS.......................................................... NV....... .............. 04/06/2006 ........5.530 .................8,496,948 ................................... ................................... ................................... ................................... ................................... ...............12,385,000 ....01/04/2006<br />
15863300............................................. ......... Greenwood Village............................................................. CO...... .............. 04/10/2006 ........5.610 ...............12,929,734 ................................... ................................... ................................... ................................... ................................... ...............17,993,000 ....01/04/2006<br />
15863400............................................. ......... Blythewood......................................................................... SC....... .............. 04/19/2006 ........5.640 ...............10,503,553 ................................... ................................... ................................... ................................... ................................... ...............14,700,000 ....01/13/2006<br />
15863500............................................. ......... FORT WAYNE.................................................................... IN........ .............. 02/28/2006 ........5.830 .................2,899,261 ................................... ................................... ................................... ................................... ................................... .................5,700,000 ....01/20/2006<br />
15863600............................................. ......... LAUREL.............................................................................. MD...... .............. 04/04/2006 ........5.480 ...............18,831,402 ................................... ................................... ................................... ................................... ................................... ...............27,000,000 ....01/18/2006<br />
15863800............................................. ......... Glenview............................................................................. IL......... .............. 02/21/2006 ........5.680 .................2,790,726 ................................... ................................... ................................... ................................... ................................... .................3,950,000 ....01/30/2006<br />
15863900............................................. ......... Bridgeport........................................................................... NJ....... .............. 04/05/2006 ........5.550 .................3,414,972 ................................... ................................... ................................... ................................... ................................... .................5,370,000 ....02/03/2006<br />
15864000............................................. ......... Salem.................................................................................. VA....... .............. 06/30/2006 ........6.250 .................5,032,648 ................................... ................................... ................................... ................................... ................................... .................7,200,000 ....03/02/2006<br />
15864100............................................. ......... Seattle................................................................................. WA...... .............. 06/30/2006 ........5.740 .................8,761,236 ................................... ................................... ................................... ................................... ................................... ...............12,364,875 ....03/22/2006<br />
15864200............................................. ......... <strong>Lincoln</strong>................................................................................. NE....... .............. 06/01/2006 ........5.890 .................7,049,905 ................................... ................................... ................................... ................................... ................................... ...............10,035,000 ....04/07/2006<br />
15864300............................................. ......... Terre Haute......................................................................... IN........ .............. 06/22/2006 ........6.060 .................9,693,475 ................................... ................................... ................................... ................................... ................................... ...............13,328,000 ....03/27/2006<br />
15864400............................................. ......... Loveland............................................................................. CO...... .............. 05/31/2006 ........5.970 .................5,814,650 ................................... ................................... ................................... ................................... ................................... .................9,563,365 ....03/17/2006<br />
15864500............................................. ......... FORT COLLINS.................................................................. CO...... .............. 05/12/2006 ........5.970 .................5,242,717 ................................... ................................... ................................... ................................... ................................... .................8,214,412 ....03/17/2006<br />
15864600............................................. ......... Issaquah.............................................................................. WA...... .............. 04/27/2006 ........6.030 .................6,494,962 ................................... ................................... ................................... ................................... ................................... .................9,702,000 ....03/22/2006<br />
15864700............................................. ......... Barberton............................................................................ OH...... .............. 09/15/2006 ........5.950 .................5,628,823 ................................... ................................... ................................... ................................... ................................... .................7,822,000 ....03/31/2006<br />
15864800............................................. ......... Montgomeryville.................................................................. PA....... .............. 06/02/2006 ........5.790 .................3,017,839 ................................... ................................... ................................... ................................... ................................... .................4,286,575 ....04/05/2006<br />
15865000............................................. ......... <strong>Lincoln</strong>................................................................................. NE....... .............. 06/30/2006 ........5.980 .................8,212,651 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....05/01/2006<br />
15865100............................................. ......... Fresno................................................................................. CA....... .............. 11/07/2006 ........6.210 .................5,615,695 ................................... ................................... ................................... ................................... ................................... .................8,733,000 ....04/25/2006<br />
15865200............................................. ......... MONROEVILLE.................................................................. PA....... .............. 06/29/2006 ........6.180 ...............10,238,885 ................................... ................................... ................................... ................................... ................................... ...............14,633,000 ....05/10/2006<br />
15865300............................................. ......... Chattanooga....................................................................... TN....... .............. 08/17/2006 ........6.390 .................6,205,163 ................................... ................................... ................................... ................................... ................................... .................9,000,000 ....05/02/2006<br />
15865400............................................. ......... Pittsburgh............................................................................ PA....... .............. 09/15/2006 ........6.440 .................6,737,485 ................................... ................................... ................................... ................................... ................................... .................9,393,600 ....06/07/2006<br />
15865500............................................. ......... San Antonio........................................................................ TX....... .............. 06/26/2006 ........6.270 ....................895,081 ................................... ................................... ................................... ................................... ................................... .................1,885,290 ....05/22/2006<br />
15865600............................................. ......... LIVINGSTON...................................................................... NJ....... .............. 06/29/2006 ........6.450 .................8,046,241 ................................... ................................... ................................... ................................... ................................... ...............11,300,000 ....06/08/2006<br />
15865800............................................. ......... Phoenix............................................................................... AZ....... .............. 09/19/2006 ........6.170 .................9,610,043 ................................... ................................... ................................... ................................... ................................... ...............13,359,011 ....06/12/2006<br />
15865900............................................. ......... Baltimore............................................................................. MD...... .............. 09/26/2006 ........6.110 ...............48,633,723 ................................... ................................... ................................... ................................... ................................... ...............67,262,708 ....06/29/2006<br />
15866000............................................. ......... West Sacramento............................................................... CA....... .............. 10/11/2006 ........6.190 .................7,308,431 ................................... ................................... ................................... ................................... ................................... ...............10,100,000 ....06/16/2006<br />
15866100............................................. ......... Stockton.............................................................................. CA....... .............. 12/20/2006 ........6.280 .................4,033,155 ................................... ................................... ................................... ................................... ................................... .................5,803,000 ....07/21/2006<br />
15866200............................................. ......... POWAY............................................................................... CA....... .............. 09/14/2006 ........6.120 .................9,445,294 ................................... ................................... ................................... ................................... ................................... ...............13,906,000 ....07/28/2006<br />
15866300............................................. ......... Boston................................................................................. MA...... .............. 11/01/2006 ........6.080 ...............11,687,293 ................................... ................................... ................................... ................................... ................................... ...............17,960,000 ....08/16/2006<br />
15866400............................................. ......... Spokane.............................................................................. WA...... .............. 09/29/2006 ........5.960 .................4,355,881 ................................... ................................... ................................... ................................... ................................... .................6,035,000 ....08/23/2006<br />
15866500............................................. ......... South Milwaukee................................................................ WI....... .............. 05/04/2007 ........6.160 .................2,405,647 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....11/06/2007<br />
60086900............................................. ......... BOGALUSA........................................................................ LA....... .............. 11/06/1986 ........9.250 ....................434,720 ................................... ................................... ................................... ................................... ................................... .................2,299,900 ....11/01/1986<br />
L0720100............................................. ......... CHULA VISTA.................................................................... CA....... .............. 02/15/2007 ........5.820 ...............33,227,594 ................................... ................................... ................................... ................................... ................................... ...............55,200,000 ....02/02/2007<br />
L0720200............................................. ......... OMAHA............................................................................... NE....... .............. 05/23/2007 ........6.230 .................2,881,116 ................................... ................................... ................................... ................................... ................................... .................4,000,000 ....04/26/2007<br />
L0720300............................................. ......... BREMERTON..................................................................... WA...... .............. 01/31/2007 ........5.600 .................5,851,041 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....12/13/2006<br />
L0720400............................................. ......... LOUISVILLE....................................................................... KY....... .............. 01/10/2007 ........5.580 ...............14,500,000 ................................... ................................... ................................... ................................... ................................... ...............19,800,000 ....10/20/2006
E04.21<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
L0720500............................................. ......... AURORA............................................................................. IL......... .............. 01/30/2007 ........6.050 .................4,447,143 ................................... ................................... ................................... ................................... ................................... .................6,780,000 ....12/08/2006<br />
L0720600............................................. ......... WEST PALM BEACH......................................................... FL........ .............. 01/30/2007 ........6.500 .................9,048,710 ................................... ................................... ................................... ................................... ................................... ...............18,500,000 ....01/01/2007<br />
L0720700............................................. ......... TIGARD............................................................................... OR...... .............. 04/19/2007 ........6.380 .................5,837,233 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....03/31/2007<br />
L0720900............................................. ......... Rockford.............................................................................. IL......... .............. 01/23/2007 ........5.950 .................6,934,562 ................................... ................................... ................................... ................................... ................................... ...............10,780,000 ....11/14/2006<br />
L0721000............................................. ......... STERLING.......................................................................... VA....... .............. 02/01/2007 ........5.850 ...............25,593,574 ................................... ................................... ................................... ................................... ................................... ...............40,000,000 ....11/08/2006<br />
L0721200............................................. ......... BOYNTON BEACH............................................................ FL........ .............. 03/09/2007 ........6.160 .................1,959,430 ................................... ................................... ................................... ................................... ................................... .................3,200,000 ....02/07/2007<br />
L0721300............................................. ......... DES PLAINES.................................................................... IL......... .............. 03/13/2007 ........5.950 .................2,326,812 ................................... ................................... ................................... ................................... ................................... .................3,277,000 ....12/05/2006<br />
L0721400............................................. ......... MEMPHIS........................................................................... TN....... .............. 02/09/2007 ........6.030 .................3,969,903 ................................... ................................... ................................... ................................... ................................... .................5,500,000 ....03/30/2007<br />
L0721500............................................. ......... Albuquerque....................................................................... NM...... .............. 01/31/2007 ........5.860 .................3,313,021 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....09/01/2006<br />
L0721700............................................. ......... Costa Mesa......................................................................... CA....... .............. 01/23/2007 ........5.960 .................1,424,367 ................................... ................................... ................................... ................................... ................................... .................2,350,000 ....11/28/2006<br />
L0721800............................................. ......... Carson................................................................................. CA....... .............. 02/07/2007 ........5.690 .................2,163,476 ................................... ................................... ................................... ................................... ................................... .................3,840,000 ....01/01/2007<br />
L0721900............................................. ......... CITY OF INDUSTRY.......................................................... CA....... .............. 01/31/2007 ........5.660 .................3,511,595 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....01/08/2007<br />
L0722000............................................. ......... City of Industry.................................................................... CA....... .............. 01/31/2007 ........5.660 .................4,682,111 ................................... ................................... ................................... ................................... ................................... .................6,580,000 ....03/30/2007<br />
L0722100............................................. ......... SAN ANTONIO................................................................... TX....... .............. 01/31/2007 ........5.820 .................3,320,808 ................................... ................................... ................................... ................................... ................................... .................4,740,000 ....01/04/2007<br />
L0722202............................................. ......... Brentwood........................................................................... TN....... .............. 02/01/2007 ........6.070 .................3,847,897 ................................... ................................... ................................... ................................... ................................... ...............12,575,000 ....03/30/2007<br />
L0722300............................................. ......... Orlando............................................................................... FL........ .............. 04/16/2007 ........5.800 .................2,237,400 ................................... ................................... ................................... ................................... ................................... .................3,925,000 ....10/30/2006<br />
L0722400............................................. ......... NORCROSS....................................................................... GA....... .............. 02/14/2007 ........5.730 .................9,668,613 ................................... ................................... ................................... ................................... ................................... ...............13,346,154 ....01/29/2007<br />
L0722500............................................. ......... LINTHICUM........................................................................ MD...... .............. 02/26/2007 ........5.770 .................7,192,212 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....03/30/2007<br />
L0722600............................................. ......... LAS VEGAS........................................................................ NV....... .............. 02/01/2007 ........5.490 ...............32,500,000 ................................... ................................... ................................... ................................... ................................... ...............48,970,000 ....12/12/2006<br />
L0722700............................................. ......... LINTHICUM........................................................................ MD...... .............. 02/26/2007 ........5.770 .................9,171,291 ................................... ................................... ................................... ................................... ................................... ...............12,700,000 ....03/30/2007<br />
L0722800............................................. ......... BATAVIA............................................................................. IL......... .............. 04/13/2007 ........5.770 .................3,493,214 ................................... ................................... ................................... ................................... ................................... .................5,650,000 ....01/31/2007<br />
L0722900............................................. ......... MEMPHIS........................................................................... TN....... .............. 01/11/2007 ........5.910 .................9,297,289 ................................... ................................... ................................... ................................... ................................... ...............12,800,000 ....12/04/2006<br />
L0723000............................................. ......... WICHITA............................................................................. KS....... .............. 02/01/2007 ........5.670 .................4,419,234 ................................... ................................... ................................... ................................... ................................... .................6,150,000 ....03/30/2007<br />
L0723100............................................. ......... Huntington Beach............................................................... CA....... .............. 04/24/2007 ........5.540 .................9,693,307 ................................... ................................... ................................... ................................... ................................... ...............19,100,000 ....02/28/2007<br />
L0723200............................................. ......... FOOTHILL RANCH............................................................ CA....... .............. 03/13/2007 ........5.530 .................8,350,000 ................................... ................................... ................................... ................................... ................................... ...............24,690,000 ....01/23/2007<br />
L0723300............................................. ......... ATLANTA............................................................................ GA....... .............. 03/23/2007 ........5.850 .................3,197,902 ................................... ................................... ................................... ................................... ................................... .................5,095,000 ....02/15/2007<br />
L0723400............................................. ......... BEAVERTON...................................................................... OR...... .............. 03/29/2007 ........5.830 ...............11,056,558 ................................... ................................... ................................... ................................... ................................... ...............16,700,000 ....02/14/2007<br />
L0723500............................................. ......... COLUMBIA......................................................................... MO...... .............. 04/10/2007 ........5.730 .................4,778,358 ................................... ................................... ................................... ................................... ................................... .................6,680,000 ....03/12/2007<br />
L0723600............................................. ......... DALLAS.............................................................................. TX....... .............. 03/26/2007 ........5.740 .................2,934,305 ................................... ................................... ................................... ................................... ................................... .................5,170,000 ....12/19/2006<br />
L0723700............................................. ......... MORAGA............................................................................ CA....... .............. 03/23/2007 ........5.750 .................4,401,627 ................................... ................................... ................................... ................................... ................................... .................8,550,000 ....02/05/2007<br />
L0723800............................................. ......... HOUSTON.......................................................................... TX....... .............. 07/02/2007 ........5.740 .................5,974,507 ................................... ................................... ................................... ................................... ................................... ...............12,730,000 ....03/21/2007<br />
L0723900............................................. ......... Carlsbad.............................................................................. CA....... .............. 03/30/2007 ........5.700 .................2,689,338 ................................... ................................... ................................... ................................... ................................... .................8,790,000 ....03/30/2007<br />
L0724000............................................. ......... SAN DIEGO........................................................................ CA....... .............. 02/28/2007 ........5.760 .................6,458,582 ................................... ................................... ................................... ................................... ................................... ...............14,000,000 ....01/15/2007<br />
L0724100............................................. ......... Santa Fe Springs................................................................ CA....... .............. 02/13/2007 ........5.670 .................8,600,000 ................................... ................................... ................................... ................................... ................................... ...............17,260,000 ....11/21/2006<br />
L0724200............................................. ......... Norwalk............................................................................... CA....... .............. 02/13/2007 ........5.670 .................6,775,000 ................................... ................................... ................................... ................................... ................................... ...............15,330,000 ....11/21/2006<br />
L0724300............................................. ......... San Diego........................................................................... CA....... .............. 02/13/2007 ........5.670 .................4,125,000 ................................... ................................... ................................... ................................... ................................... .................8,250,000 ....11/30/2006<br />
L0724400............................................. ......... RIALTO............................................................................... CA....... .............. 01/25/2007 ........6.070 .................2,591,211 ................................... ................................... ................................... ................................... ................................... .................4,300,000 ....11/14/2006<br />
L0724500............................................. ......... SANTA FE SPRINGS......................................................... CA....... .............. 02/06/2007 ........6.020 .................4,396,465 ................................... ................................... ................................... ................................... ................................... .................8,400,000 ....10/10/2006<br />
L0724800............................................. ......... MEDLOTHIAN.................................................................... VA....... .............. 05/03/2007 ........5.860 .................3,187,637 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....02/22/2007<br />
L0725000............................................. ......... FONTANA........................................................................... CA....... .............. 04/09/2007 ........5.860 ...............24,492,381 ................................... ................................... ................................... ................................... ................................... ...............34,090,000 ....03/30/2007<br />
L0725100............................................. ......... RIVERSIDE......................................................................... CA....... .............. 04/13/2007 ........5.940 .................5,879,941 ................................... ................................... ................................... ................................... ................................... .................9,000,000 ....03/16/2007<br />
L0725200............................................. ......... MENOMONEE FALLS........................................................ WI....... .............. 03/30/2007 ........6.000 .................2,291,034 ................................... ................................... ................................... ................................... ................................... .................3,600,000 ....03/06/2007<br />
L0725300............................................. ......... BOWIE................................................................................ MD...... .............. 05/31/2007 ........5.890 ...............16,892,768 ................................... ................................... ................................... ................................... ................................... ...............23,844,444 ....03/02/2007<br />
L0725600............................................. ......... ALBUQUERQUE................................................................ NM...... .............. 04/27/2007 ........5.920 .................5,915,992 ................................... ................................... ................................... ................................... ................................... ...............10,080,000 ....03/26/2007<br />
L0725900............................................. ......... FORT WAYNE.................................................................... IN........ .............. 05/23/2007 ........5.820 .................8,749,514 ................................... ................................... ................................... ................................... ................................... ...............14,200,000 ....04/30/2007<br />
L0726000............................................. ......... SPOKANE........................................................................... WA...... .............. 12/03/2007 ........5.720 .................5,812,943 ................................... ................................... ................................... ................................... ................................... ...............13,812,796 ....10/09/2007<br />
L0726100............................................. ......... CARROLLTON................................................................... TX....... .............. 04/18/2007 ........5.680 .................4,500,000 ................................... ................................... ................................... ................................... ................................... .................6,700,000 ....03/26/2007<br />
L0726200............................................. ......... FRANKLIN PARK............................................................... IL......... .............. 07/02/2007 ........5.800 .................2,561,575 ................................... ................................... ................................... ................................... ................................... .................5,800,000 ....03/20/2007<br />
L0726300............................................. ......... SACRAMENTO.................................................................. CA....... .............. 05/14/2007 ........5.700 .................3,395,115 ................................... ................................... ................................... ................................... ................................... .................4,900,000 ....03/06/2007<br />
L0726500............................................. ......... HOUSTON.......................................................................... TX....... .............. 05/07/2007 ........5.910 .................2,452,474 ................................... ................................... ................................... ................................... ................................... .................3,350,000 ....03/07/2007<br />
L0726600............................................. ......... CARLSBAD......................................................................... CA....... .............. 06/12/2007 ........5.830 .................7,461,842 ................................... ................................... ................................... ................................... ................................... ...............12,875,000 ....04/17/2007
E04.22<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
L0726700............................................. ......... SPRING.............................................................................. TX....... .............. 07/30/2007 ........5.870 .................5,853,367 ................................... ................................... ................................... ................................... ................................... .................9,580,000 ....07/06/2007<br />
L0726800............................................. ......... CARLSBAD......................................................................... CA....... .............. 06/06/2007 ........5.830 .................5,301,839 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....04/17/2007<br />
L0727000............................................. ......... TUCSON............................................................................. AZ....... .............. 05/07/2007 ........5.850 .................6,571,202 ................................... ................................... ................................... ................................... ................................... .................9,280,000 ....03/27/2007<br />
L0727100............................................. ......... ONTARIO............................................................................ CA....... .............. 05/31/2007 ........5.680 .................7,841,360 ................................... ................................... ................................... ................................... ................................... ...............14,908,571 ....03/31/2007<br />
L0727200............................................. ......... THE WOODLANDS............................................................ TX....... .............. 05/10/2007 ........5.740 .................2,235,228 ................................... ................................... ................................... ................................... ................................... .................3,230,000 ....04/13/2007<br />
L0727300............................................. ......... LYNNWOOD....................................................................... WA...... .............. 07/17/2007 ........5.640 .................7,623,970 ................................... ................................... ................................... ................................... ................................... ...............21,441,177 ....05/08/2007<br />
L0727400............................................. ......... FLORHAM PARK............................................................... NJ....... .............. 05/23/2007 ........5.880 .................4,700,000 ................................... ................................... ................................... ................................... ................................... .................7,250,000 ....03/13/2007<br />
L0727500............................................. ......... RIVERSIDE......................................................................... CA....... .............. 05/04/2007 ........5.640 .................2,352,070 ................................... ................................... ................................... ................................... ................................... .................3,700,000 ....04/24/2007<br />
L0727602............................................. ......... HOUSTON.......................................................................... TX....... .............. 06/04/2007 ........6.700 .................5,478,178 ................................... ................................... ................................... ................................... ................................... ...............32,500,000 ....05/01/2007<br />
L0727700............................................. ......... COLLEGE STATION.......................................................... TX....... .............. 07/31/2007 ........5.880 .................8,780,377 ................................... ................................... ................................... ................................... ................................... ...............13,750,000 ....06/16/2007<br />
L0727800............................................. ......... PHOENIX............................................................................ AZ....... .............. 05/03/2007 ........5.640 .................3,108,580 ................................... ................................... ................................... ................................... ................................... .................6,345,000 ....04/13/2007<br />
L0728000............................................. ......... DE MOINES........................................................................ IA........ .............. 06/28/2007 ........5.710 .................9,550,000 ................................... ................................... ................................... ................................... ................................... ...............20,055,000 ....05/18/2007<br />
L0728100............................................. ......... NEWPORT BEACH............................................................ CA....... .............. 06/29/2007 ........5.950 .................7,794,191 ................................... ................................... ................................... ................................... ................................... ...............13,200,000 ....05/17/2007<br />
L0728202............................................. ......... IRWINDALE........................................................................ CA....... .............. 07/17/2007 ........5.790 .................1,179,376 ................................... ................................... ................................... ................................... ................................... ...............11,650,000 ....06/01/2002<br />
L0728502............................................. ......... RALEIGH............................................................................ NC....... .............. 07/25/2007 ........6.070 .................1,928,638 ................................... ................................... ................................... ................................... ................................... ...............14,500,000 ....01/20/2004<br />
L0728600............................................. ......... SAN JOSE.......................................................................... CA....... .............. 06/28/2007 ........5.920 .................5,800,000 ................................... ................................... ................................... ................................... ................................... .................8,550,000 ....05/04/2007<br />
L0728700............................................. ......... TEMECULA........................................................................ CA....... .............. 06/26/2007 ........5.730 .................4,200,000 ................................... ................................... ................................... ................................... ................................... .................6,050,000 ....05/16/2007<br />
L0728800............................................. ......... ROSWELL.......................................................................... GA....... .............. 07/02/2007 ........5.780 .................5,159,570 ................................... ................................... ................................... ................................... ................................... .................8,300,000 ....05/13/2007<br />
L0728900............................................. ......... SUGAR LAND.................................................................... TX....... .............. 06/20/2007 ........5.890 .................1,461,068 ................................... ................................... ................................... ................................... ................................... .................2,350,000 ....05/05/2007<br />
L0729100............................................. ......... TUCSON............................................................................. AZ....... .............. 07/05/2007 ........5.990 .................5,104,006 ................................... ................................... ................................... ................................... ................................... .................7,400,000 ....06/20/2007<br />
L0729200............................................. ......... FORT WORTH................................................................... TX....... .............. 08/10/2007 ........6.060 .................3,151,058 ................................... ................................... ................................... ................................... ................................... .................4,800,000 ....07/19/2007<br />
L0729300............................................. ......... NAPERVILLE...................................................................... IL......... .............. 08/10/2007 ........5.990 .................6,354,056 ................................... ................................... ................................... ................................... ................................... ...............10,800,000 ....06/25/2007<br />
L0729400............................................. ......... HOUSTON.......................................................................... TX....... .............. 07/31/2007 ........6.240 .................1,904,874 ................................... ................................... ................................... ................................... ................................... .................2,610,000 ....06/12/2007<br />
L0729500............................................. ......... LAS VEGAS........................................................................ NV....... .............. 08/15/2007 ........6.000 ...............11,000,000 ................................... ................................... ................................... ................................... ................................... ...............16,000,000 ....01/25/2007<br />
L0729700............................................. ......... HASTINGS.......................................................................... MN...... .............. 08/15/2007 ........6.150 .................2,417,343 ................................... ................................... ................................... ................................... ................................... .................4,800,000 ....08/01/2007<br />
L0729800............................................. ......... SPRINGFIELD.................................................................... VA....... .............. 09/13/2007 ........6.460 .................2,960,370 ................................... ................................... ................................... ................................... ................................... .................5,000,000 ....07/13/2007<br />
L0729900............................................. ......... TUCSON............................................................................. AZ....... .............. 09/27/2007 ........6.280 .................4,635,773 ................................... ................................... ................................... ................................... ................................... .................7,500,000 ....07/18/2007<br />
L0730000............................................. ......... GERMANTOWN................................................................. TN....... .............. 09/28/2007 ........6.310 .................1,989,539 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....08/29/2007<br />
L0730200............................................. ......... Chattanooga....................................................................... TN....... .............. 09/28/2007 ........6.280 .................9,696,731 ................................... ................................... ................................... ................................... ................................... ...............14,075,000 ....08/07/2007<br />
L0730300............................................. ......... CHICAGO........................................................................... IL......... .............. 11/15/2007 ........6.350 .................4,915,554 ................................... ................................... ................................... ................................... ................................... .................6,900,000 ....11/01/2007<br />
L0730400............................................. ......... LAREDO............................................................................. TX....... .............. 10/01/2007 ........6.120 .................4,659,799 ................................... ................................... ................................... ................................... ................................... .................7,410,000 ....08/02/2007<br />
L0730500............................................. ......... ASHBURN.......................................................................... VA....... .............. 08/31/2007 ........6.380 ...............19,302,469 ................................... ................................... ................................... ................................... ................................... ...............28,603,448 ....05/23/2007<br />
L0730600............................................. ......... IRVINE................................................................................ CA....... .............. 09/27/2007 ........6.180 ...............20,000,000 ................................... ................................... ................................... ................................... ................................... ...............31,000,000 ....05/14/2007<br />
L0730700............................................. ......... SAN JOSE.......................................................................... CA....... .............. 08/31/2007 ........6.370 .................4,404,515 ................................... ................................... ................................... ................................... ................................... ...............10,250,000 ....07/27/2007<br />
L0730800............................................. ......... HOUSTON.......................................................................... TX....... .............. 09/27/2007 ........6.180 .................7,200,000 ................................... ................................... ................................... ................................... ................................... ...............10,500,000 ....08/09/2007<br />
L0730900............................................. ......... NEWARK............................................................................ CA....... .............. 10/04/2007 ........6.420 .................4,222,303 ................................... ................................... ................................... ................................... ................................... .................9,785,000 ....08/02/2007<br />
L0731000............................................. ......... TUCSON............................................................................. AZ....... .............. 10/17/2007 ........6.240 .................5,429,861 ................................... ................................... ................................... ................................... ................................... .................8,500,000 ....07/23/2007<br />
L0731100............................................. ......... LAS VEGAS........................................................................ NV....... .............. 09/14/2007 ........6.150 ...............17,550,751 ................................... ................................... ................................... ................................... ................................... ...............30,200,000 ....07/12/2007<br />
L0731200............................................. ......... CHANDLER........................................................................ AZ....... .............. 09/10/2007 ........5.990 ...............11,456,213 ................................... ................................... ................................... ................................... ................................... ...............38,819,502 ....08/01/2007<br />
L0731300............................................. ......... Houston............................................................................... TX....... .............. 12/27/2007 ........6.300 .................5,565,562 ................................... ................................... ................................... ................................... ................................... .................9,785,000 ....12/07/2007<br />
L0731400............................................. ......... LAS VEGAS........................................................................ NV....... .............. 08/22/2007 ........5.960 .................9,500,000 ................................... ................................... ................................... ................................... ................................... ...............13,010,870 ....07/26/2007<br />
L0731500............................................. ......... FORT WORTH................................................................... TX....... .............. 09/21/2007 ........6.060 .................8,871,851 ................................... ................................... ................................... ................................... ................................... ...............12,027,273 ....08/03/2007<br />
L0731600............................................. ......... AUSTIN............................................................................... TX....... .............. 10/26/2007 ........6.350 .................5,530,055 ................................... ................................... ................................... ................................... ................................... ...............10,300,000 ....09/04/2007<br />
L0731800............................................. ......... LOS ANGELES................................................................... CA....... .............. 10/31/2007 ........6.000 ...............65,119,756 ................................... ................................... ................................... ................................... ................................... .............103,740,845 ....08/28/2007<br />
L0731900............................................. ......... YUMA.................................................................................. AZ....... .............. 10/31/2007 ........6.120 .................6,394,306 ................................... ................................... ................................... ................................... ................................... ...............26,991,429 ....08/28/2007<br />
L0732000............................................. ......... BAKERSFIELD................................................................... CA....... .............. 10/31/2007 ........5.940 .................5,919,078 ................................... ................................... ................................... ................................... ................................... .................9,000,000 ....09/10/2007<br />
L0732100............................................. ......... LITTLE ROCK..................................................................... AR....... .............. 11/14/2007 ........6.400 .................7,414,567 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....10/05/2007<br />
L0732200............................................. ......... LITTLE ROCK..................................................................... AR....... .............. 10/31/2007 ........6.400 .................3,229,539 ................................... ................................... ................................... ................................... ................................... .................6,700,000 ....10/05/2007<br />
L0732300............................................. ......... ELKRIDGE.......................................................................... MD...... .............. 10/31/2007 ........6.300 .................2,650,087 ................................... ................................... ................................... ................................... ................................... .................4,100,000 ....09/06/2007<br />
L0732500............................................. ......... MARYSVILLE..................................................................... WA...... .............. 12/14/2007 ........6.100 .................1,100,000 ................................... ................................... ................................... ................................... ................................... .................1,880,000 ....11/11/2007<br />
L0732600............................................. ......... MARYSVILLE..................................................................... WA...... .............. 12/14/2007 ........6.100 ...............26,400,000 ................................... ................................... ................................... ................................... ................................... ...............37,100,000 ....11/11/2007
E04.23<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
L0732700............................................. ......... SAN JOSE.......................................................................... CA....... .............. 11/27/2007 ........6.300 .................7,814,708 ................................... ................................... ................................... ................................... ................................... ...............13,350,000 ....08/31/2007<br />
L0732800............................................. ......... CAMPBELL......................................................................... CA....... .............. 11/27/2007 ........6.300 .................5,897,893 ................................... ................................... ................................... ................................... ................................... ...............11,900,000 ....08/30/2007<br />
L0732900............................................. ......... CAMPBELL......................................................................... CA....... .............. 11/27/2007 ........6.300 .................4,718,312 ................................... ................................... ................................... ................................... ................................... .................8,700,000 ....08/31/2007<br />
L0733000............................................. ......... WICHITA............................................................................. KS....... .............. 11/08/2007 ........6.800 .................7,788,362 ................................... ................................... ................................... ................................... ................................... ...............11,100,000 ....10/05/2007<br />
L0733200............................................. ......... CAPE CORAL..................................................................... FL........ .............. 10/17/2007 ........6.400 .................4,418,058 ................................... ................................... ................................... ................................... ................................... .................6,600,000 ....09/01/2007<br />
L0733300............................................. ......... POOLER (SAVANNAH)..................................................... GA....... .............. 11/08/2007 ........6.250 .................9,388,681 ................................... ................................... ................................... ................................... ................................... ...............13,900,000 ....11/01/2007<br />
L0733400............................................. ......... WORTHINGTON................................................................ OH...... .............. 11/26/2007 ........6.500 .................8,899,406 ................................... ................................... ................................... ................................... ................................... ...............14,000,000 ....10/17/2007<br />
L0733600............................................. ......... ROCKWALL........................................................................ TX....... .............. 12/21/2007 ........6.100 ...............26,250,000 ................................... ................................... ................................... ................................... ................................... ...............42,000,000 ....10/26/2007<br />
L0733700............................................. ......... HUNTSVILLE...................................................................... AL....... .............. 12/05/2007 ........5.600 .................3,719,142 ................................... ................................... ................................... ................................... ................................... .................8,950,000 ....10/15/2007<br />
L0733900............................................. ......... CENTENNIAL..................................................................... CO...... .............. 12/10/2007 ........6.330 .................3,367,846 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....11/16/2007<br />
L0734000............................................. ......... BURKE................................................................................ VA....... .............. 12/28/2007 ........6.230 .................9,892,459 ................................... ................................... ................................... ................................... ................................... ...............18,200,000 ....10/25/2007<br />
L0734100............................................. ......... NEW PORT RICHEY.......................................................... FL........ .............. 11/30/2007 ........6.270 ...............13,465,808 ................................... ................................... ................................... ................................... ................................... ...............22,760,000 ....07/16/2007<br />
L0734200............................................. ......... UNION................................................................................. MO...... .............. 12/21/2007 ........6.100 .................2,324,102 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....10/29/2007<br />
L0734300............................................. ......... SALT LAKE CITY............................................................... UT....... .............. 11/07/2007 ........6.030 ...............10,371,785 ................................... ................................... ................................... ................................... ................................... ...............22,000,000 ....10/17/2007<br />
L0734500............................................. ......... GERMANTOWN................................................................. MD...... .............. 11/30/2007 ........5.960 .................4,664,946 ................................... ................................... ................................... ................................... ................................... ...............11,900,000 ....10/11/2007<br />
L0734600............................................. ......... FINDLAY TOWNSHIP........................................................ PA....... .............. 11/21/2007 ........6.190 .................3,144,635 ................................... ................................... ................................... ................................... ................................... .................4,275,000 ....10/23/2007<br />
L0734900............................................. ......... HUDSON............................................................................ MA...... .............. 12/04/2007 ........6.250 .................2,408,939 ................................... ................................... ................................... ................................... ................................... .................3,300,000 ....11/01/2007<br />
L0735100............................................. ......... AUSTIN............................................................................... TX....... .............. 12/14/2007 ........5.990 ...............21,258,138 ................................... ................................... ................................... ................................... ................................... ...............32,000,000 ....11/13/2007<br />
L0735200............................................. ......... MILLERSVILLE................................................................... MD...... .............. 12/19/2007 ........6.280 .................6,192,467 ................................... ................................... ................................... ................................... ................................... .................8,600,000 ....11/02/2007<br />
L0735800............................................. ......... DENVER............................................................................. CO...... .............. 12/21/2007 ........6.360 .................2,473,768 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....11/28/2007<br />
L0821100............................................. ......... HUNTERSVILLE................................................................. NC....... .............. 04/01/2008 ........6.250 ...............28,000,000 ................................... ................................... ................................... ................................... ................................... ...............37,500,000 ....02/19/2008<br />
L0828300............................................. ......... KINGSPORT....................................................................... TN....... .............. 04/24/2008 ........6.100 .................6,548,909 ................................... ................................... ................................... ................................... ................................... .................9,600,000 ....02/19/2008<br />
L0831701............................................. ......... NORTH DARTMOUTH....................................................... MA...... .............. 05/30/2008 ........6.500 .................5,048,001 ................................... ................................... ................................... ................................... ................................... ...............25,160,000 ....05/23/2005<br />
L0833500............................................. ......... SAN JOSE.......................................................................... CA....... .............. 01/03/2008 ........6.200 ...............11,387,233 ................................... ................................... ................................... ................................... ................................... ...............32,612,083 ....09/11/2007<br />
L0833800............................................. ......... HADDON HEIGHTS........................................................... NJ....... .............. 02/27/2008 ........6.500 .................2,479,211 ................................... ................................... ................................... ................................... ................................... .................4,200,000 ....01/10/2008<br />
L0834700............................................. ......... FINDLAY TOWNSHIP........................................................ PA....... .............. 03/26/2008 ........6.340 .................2,570,990 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....02/28/2008<br />
L0834800............................................. ......... WARREN............................................................................ OH...... .............. 01/25/2008 ........6.000 ...............24,446,584 ................................... ................................... ................................... ................................... ................................... ...............51,700,000 ....11/28/2007<br />
L0835000............................................. ......... CHARLOTTE...................................................................... NC....... .............. 01/25/2008 ........6.020 ...............21,281,905 ................................... ................................... ................................... ................................... ................................... ...............30,000,000 ....11/15/2007<br />
L0835400............................................. ......... HAWTHORNE.................................................................... CA....... .............. 01/03/2008 ........6.010 .................5,000,000 ................................... ................................... ................................... ................................... ................................... .................9,300,000 ....11/21/2007<br />
L0835500............................................. ......... MESA.................................................................................. AZ....... .............. 03/03/2008 ........5.940 .................3,715,331 ................................... ................................... ................................... ................................... ................................... ...............17,690,000 ....01/04/2008<br />
L0835600............................................. ......... JACKSONVILLE................................................................. FL........ .............. 02/15/2008 ........5.920 .................2,226,909 ................................... ................................... ................................... ................................... ................................... .................4,200,000 ....11/06/2007<br />
L0835700............................................. ......... JACKSONVILLE................................................................. FL........ .............. 01/29/2008 ........6.130 .................2,722,677 ................................... ................................... ................................... ................................... ................................... .................3,925,000 ....11/06/2007<br />
L0836000............................................. ......... BRIDGEVILLE.................................................................... PA....... .............. 01/18/2008 ........6.180 .................6,209,502 ................................... ................................... ................................... ................................... ................................... .................8,450,000 ....12/18/2007<br />
L0836200............................................. ......... STERLING.......................................................................... VA....... .............. 02/29/2008 ........5.950 .................4,933,254 ................................... ................................... ................................... ................................... ................................... ...............10,100,000 ....01/15/2008<br />
L0836500............................................. ......... GREEN............................................................................... OH...... .............. 01/24/2008 ........6.060 .................3,941,493 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....11/12/2007<br />
L0836600............................................. ......... CERRITOS......................................................................... CA....... .............. 01/31/2008 ........5.970 .................7,000,000 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....12/19/2007<br />
L0836700............................................. ......... SANTA FE SPRINGS......................................................... CA....... .............. 03/18/2008 ........6.000 .................2,975,686 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....12/27/2007<br />
L0836800............................................. ......... ORANGE............................................................................ CA....... .............. 01/31/2008 ........5.970 .................3,000,000 ................................... ................................... ................................... ................................... ................................... .................5,900,000 ....12/19/2007<br />
L0836900............................................. ......... LONG BEACH.................................................................... CA....... .............. 02/29/2008 ........6.140 .................2,961,081 ................................... ................................... ................................... ................................... ................................... ...............14,603,774 ....12/06/2007<br />
L0837100............................................. ......... CHARLOTTESVILLE.......................................................... VA....... .............. 03/14/2008 ........6.080 .................5,930,358 ................................... ................................... ................................... ................................... ................................... .................8,526,316 ....03/05/2008<br />
L0837200............................................. ......... PHOENIX............................................................................ AZ....... .............. 02/26/2008 ........5.950 .................6,440,024 ................................... ................................... ................................... ................................... ................................... ...............10,014,407 ....12/13/2007<br />
L0837300............................................. ......... HUNTSVILLE...................................................................... AL....... .............. 02/19/2008 ........6.100 .................5,946,178 ................................... ................................... ................................... ................................... ................................... ...............10,650,000 ....01/02/2008<br />
L0837400............................................. ......... MOKENA............................................................................ IL......... .............. 02/27/2008 ........6.100 .................2,548,918 ................................... ................................... ................................... ................................... ................................... .................4,100,000 ....01/26/2008<br />
L0837501............................................. ......... CARMEL............................................................................. IN........ .............. 02/14/2008 ........7.150 .................1,358,340 ................................... ................................... ................................... ................................... ................................... .................8,300,000 ....01/09/2008<br />
L0837600............................................. ......... CHATSWORTH.................................................................. CA....... .............. 02/14/2008 ........6.100 .................7,432,718 ................................... ................................... ................................... ................................... ................................... ...............14,400,000 ....12/21/2007<br />
L0837700............................................. ......... CARLSBAD......................................................................... CA....... .............. 02/14/2008 ........6.250 .................3,922,772 ................................... ................................... ................................... ................................... ................................... .................6,500,000 ....12/21/2007<br />
L0837801............................................. ......... STERLING.......................................................................... VA....... .............. 03/26/2008 ........6.110 .................3,930,409 ................................... ................................... ................................... ................................... ................................... ...............20,600,000 ....10/29/1998<br />
L0837900............................................. ......... CRANBERRY TOWNSHIP................................................ PA....... .............. 04/04/2008 ........6.150 .................7,424,824 ................................... ................................... ................................... ................................... ................................... ...............10,500,000 ....01/03/2008<br />
L0838000............................................. ......... JENSEN BEACH................................................................ FL........ .............. 02/28/2008 ........6.100 .................2,477,574 ................................... ................................... ................................... ................................... ................................... .................8,430,000 ....01/29/2008<br />
L0838100............................................. ......... MIAMI.................................................................................. FL........ .............. 04/10/2008 ........6.200 .................1,965,566 ................................... ................................... ................................... ................................... ................................... .................4,600,000 ....02/29/2008<br />
L0838200............................................. ......... NASHVILLE........................................................................ TN....... .............. 05/28/2008 ........6.000 ...............47,709,687 ................................... ................................... ................................... ................................... ................................... ...............76,500,000 ....04/08/2008
E04.24<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
L0838300............................................. ......... BALTIMORE....................................................................... MD...... .............. 03/27/2008 ........6.250 .................3,954,754 ................................... ................................... ................................... ................................... ................................... ...............10,400,000 ....01/15/2008<br />
L0838400............................................. ......... OWINGS MILLS................................................................. MD...... .............. 03/27/2008 ........6.250 .................3,954,754 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....01/21/2008<br />
L0838500............................................. ......... ROSSVILLE........................................................................ MD...... .............. 03/27/2008 ........6.250 .................2,966,066 ................................... ................................... ................................... ................................... ................................... .................6,000,000 ....01/16/2008<br />
L0838600............................................. ......... ABINGDON......................................................................... MD...... .............. 03/27/2008 ........6.250 .................1,977,377 ................................... ................................... ................................... ................................... ................................... .................3,800,000 ....01/16/2008<br />
L0838700............................................. ......... WOODLAWN...................................................................... MD...... .............. 03/27/2008 ........6.250 .................6,920,820 ................................... ................................... ................................... ................................... ................................... .................9,900,000 ....01/25/2008<br />
L0838800............................................. ......... WOODLAWN...................................................................... MD...... .............. 03/27/2008 ........6.250 .................1,977,377 ................................... ................................... ................................... ................................... ................................... .................2,700,000 ....01/25/2008<br />
L0838900............................................. ......... FORT MYERS.................................................................... FL........ .............. 03/27/2008 ........6.250 ...............12,852,951 ................................... ................................... ................................... ................................... ................................... ...............19,600,000 ....02/21/2008<br />
L0839000............................................. ......... JESSUP.............................................................................. MD...... .............. 03/27/2008 ........6.250 .................3,954,754 ................................... ................................... ................................... ................................... ................................... .................6,400,000 ....01/25/2008<br />
L0839100............................................. ......... JESSUP.............................................................................. MD...... .............. 03/27/2008 ........6.250 ...............10,875,574 ................................... ................................... ................................... ................................... ................................... ...............16,000,000 ....01/25/2008<br />
L0839200............................................. ......... WASHINGTON TOWNSHIP.............................................. MI........ .............. 03/28/2008 ........6.050 .................3,558,025 ................................... ................................... ................................... ................................... ................................... .................5,525,000 ....03/05/2008<br />
L0839500............................................. ......... BONITA SPRINGS............................................................. FL........ .............. 04/10/2008 ........5.970 .................8,588,463 ................................... ................................... ................................... ................................... ................................... ...............15,700,000 ....02/27/2008<br />
L0839600............................................. ......... LAKELAND......................................................................... FL........ .............. 03/20/2008 ........6.000 .................8,894,266 ................................... ................................... ................................... ................................... ................................... ...............13,300,000 ....01/31/2008<br />
L0839700............................................. ......... INDIAN WELLS.................................................................. CA....... .............. 03/17/2008 ........6.000 .................2,174,154 ................................... ................................... ................................... ................................... ................................... .................3,485,625 ....02/13/2008<br />
L0839800............................................. ......... HOUSTON.......................................................................... TX....... .............. 03/27/2008 ........6.000 .................2,520,042 ................................... ................................... ................................... ................................... ................................... .................3,650,000 ....02/22/2008<br />
L0839900............................................. ......... WINTER PARK................................................................... FL........ .............. 04/24/2008 ........6.000 .................2,276,416 ................................... ................................... ................................... ................................... ................................... .................3,150,000 ....03/11/2008<br />
L0840000............................................. ......... DUMFRIES......................................................................... VA....... .............. 04/18/2008 ........6.000 .................7,720,020 ................................... ................................... ................................... ................................... ................................... ...............12,200,000 ....02/11/2008<br />
L0840100............................................. ......... BURBANK........................................................................... CA....... .............. 04/30/2008 ........5.900 .................7,000,000 ................................... ................................... ................................... ................................... ................................... ...............17,500,000 ....04/15/2008<br />
L0840200............................................. ......... NAPLES.............................................................................. FL........ .............. 04/28/2008 ........5.950 .................4,107,123 ................................... ................................... ................................... ................................... ................................... .................6,200,000 ....02/13/2008<br />
L0840300............................................. ......... GLEN BURNIE................................................................... MD...... .............. 04/29/2008 ........6.130 ...............10,576,742 ................................... ................................... ................................... ................................... ................................... ...............15,500,000 ....02/20/2008<br />
L0840400............................................. ......... SANFORD.......................................................................... NC....... .............. 04/17/2008 ........6.250 .................7,747,377 ................................... ................................... ................................... ................................... ................................... ...............11,300,000 ....03/28/2008<br />
L0840500............................................. ......... HUNTSVILLE...................................................................... AL....... .............. 04/17/2008 ........6.000 .................1,979,492 ................................... ................................... ................................... ................................... ................................... .................5,805,000 ....03/17/2008<br />
L0840600............................................. ......... JOHNS ISLAND.................................................................. SC....... .............. 06/13/2008 ........6.250 ...............32,272,029 ................................... ................................... ................................... ................................... ................................... ...............45,900,000 ....04/14/2008<br />
L0840700............................................. ......... IRVING................................................................................ TX....... .............. 05/01/2008 ........6.250 .................4,957,803 ................................... ................................... ................................... ................................... ................................... .................7,700,000 ....02/29/2008<br />
L0840900............................................. ......... SANTA FE SPRINGS......................................................... CA....... .............. 03/27/2008 ........5.950 .................5,950,914 ................................... ................................... ................................... ................................... ................................... ...............11,500,000 ....03/20/2008<br />
L0841000............................................. ......... AUSTIN............................................................................... TX....... .............. 06/06/2008 ........6.450 ...............13,437,718 ................................... ................................... ................................... ................................... ................................... ...............26,500,000 ....04/15/2008<br />
L0841100............................................. ......... FORT WORTH................................................................... TX....... .............. 06/05/2008 ........6.450 .................2,986,160 ................................... ................................... ................................... ................................... ................................... .................7,250,000 ....04/07/2008<br />
L0841200............................................. ......... ROUND ROCK................................................................... TX....... .............. 06/05/2008 ........6.450 .................4,976,933 ................................... ................................... ................................... ................................... ................................... .................8,800,000 ....04/15/2008<br />
L0841300............................................. ......... AUSTIN............................................................................... TX....... .............. 05/23/2008 ........6.450 .................2,148,010 ................................... ................................... ................................... ................................... ................................... .................3,550,000 ....04/15/2008<br />
L0841400............................................. ......... VENTURA........................................................................... CA....... .............. 05/28/2008 ........6.250 .................1,988,465 ................................... ................................... ................................... ................................... ................................... .................4,100,000 ....03/19/2008<br />
L0841600............................................. ......... AUBURN............................................................................. CA....... .............. 06/27/2008 ........6.150 .................4,776,546 ................................... ................................... ................................... ................................... ................................... ...............12,500,000 ....05/02/2008<br />
L0841700............................................. ......... RANCHO CUCAMONGA................................................... CA....... .............. 05/02/2008 ........6.000 ...............16,400,205 ................................... ................................... ................................... ................................... ................................... ...............33,700,000 ....04/07/2008<br />
L0841800............................................. ......... ONTARIO............................................................................ CA....... .............. 06/02/2008 ........6.000 .................8,954,752 ................................... ................................... ................................... ................................... ................................... ...............18,300,000 ....03/31/2008<br />
L0841900............................................. ......... TEMECULA........................................................................ CA....... .............. 06/30/2008 ........6.000 .................4,974,862 ................................... ................................... ................................... ................................... ................................... ...............11,700,000 ....04/10/2008<br />
L0842000............................................. ......... CHINO................................................................................. CA....... .............. 06/02/2008 ........6.000 ...............12,437,156 ................................... ................................... ................................... ................................... ................................... ...............24,500,000 ....04/10/2008<br />
L0842100............................................. ......... CORONA............................................................................ CA....... .............. 06/02/2008 ........6.000 ...............10,944,697 ................................... ................................... ................................... ................................... ................................... ...............23,600,000 ....04/16/2008<br />
L0842200............................................. ......... LYNNWOOD....................................................................... WA...... .............. 05/15/2008 ........6.020 .................2,676,401 ................................... ................................... ................................... ................................... ................................... .................4,825,000 ....04/01/2008<br />
L0842300............................................. ......... STRONGSVILLE................................................................ OH...... .............. 05/01/2008 ........6.000 .................1,811,235 ................................... ................................... ................................... ................................... ................................... .................3,050,000 ....03/03/2008<br />
L0842400............................................. ......... MORRISVILLE.................................................................... NC....... .............. 06/09/2008 ........6.150 .................4,129,722 ................................... ................................... ................................... ................................... ................................... .................5,600,000 ....04/23/2008<br />
L0842600............................................. ......... LOS ANGELES................................................................... CA....... .............. 06/04/2008 ........6.000 .................9,551,736 ................................... ................................... ................................... ................................... ................................... ...............15,100,000 ....04/01/2008<br />
L0842700............................................. ......... BROWNSBURG................................................................. IN........ .............. 06/30/2008 ........6.250 .................4,600,641 ................................... ................................... ................................... ................................... ................................... .................7,000,000 ....05/13/2008<br />
L0842800............................................. ......... CARMEL............................................................................. IN........ .............. 06/30/2008 ........6.250 .................1,978,771 ................................... ................................... ................................... ................................... ................................... .................3,400,000 ....05/29/2008<br />
L0842900............................................. ......... SANDY................................................................................ UT....... .............. 06/03/2008 ........6.000 ...............12,636,150 ................................... ................................... ................................... ................................... ................................... ...............22,010,000 ....04/27/2008<br />
L0843000............................................. ......... LAS VEGAS........................................................................ NV....... .............. 09/30/2008 ........6.150 .................4,995,164 ................................... ................................... ................................... ................................... ................................... ...............10,000,000 ....05/13/2008<br />
L0843100............................................. ......... HOUSTON.......................................................................... TX....... .............. 06/05/2008 ........6.250 .................2,260,887 ................................... ................................... ................................... ................................... ................................... .................3,900,000 ....05/12/2008<br />
L0843200............................................. ......... FLOWER MOUND.............................................................. TX....... .............. 06/13/2008 ........6.250 .................3,503,126 ................................... ................................... ................................... ................................... ................................... .................5,500,000 ....04/18/2008<br />
L0843300............................................. ......... RIALTO............................................................................... CA....... .............. 06/26/2008 ........6.000 .................4,576,873 ................................... ................................... ................................... ................................... ................................... .................8,260,000 ....05/26/2008<br />
L0843400............................................. ......... POWELL............................................................................. OH...... .............. 06/13/2008 ........6.150 .................1,985,755 ................................... ................................... ................................... ................................... ................................... .................3,600,000 ....05/07/2008<br />
L0843500............................................. ......... LAKELAND......................................................................... FL........ .............. 07/16/2008 ........6.000 .................4,183,161 ................................... ................................... ................................... ................................... ................................... .................6,800,000 ....04/16/2008<br />
L0843600............................................. ......... CHINO................................................................................. CA....... .............. 06/17/2008 ........6.040 .................3,731,289 ................................... ................................... ................................... ................................... ................................... .................8,400,000 ....05/26/2008<br />
L0843800............................................. ......... BIRMINGHAM..................................................................... AL....... .............. 07/25/2008 ........6.240 ...............19,923,351 ................................... ................................... ................................... ................................... ................................... ...............36,000,000 ....05/21/2008<br />
L0843900............................................. ......... PALM DESERT.................................................................. CA....... .............. 07/31/2008 ........6.250 .................5,229,918 ................................... ................................... ................................... ................................... ................................... ...............10,200,000 ....06/12/2008
E04.25<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 1<br />
Showing all Mortgage Loans OWNED December 31 of Current Year<br />
1 2 Location 5 6 7 8 Change in Book Value/Recorded Investment 14 15<br />
Book Value/ 9 10 11 12 13<br />
Recorded Unrealized Current Year's Other Capitalized Total Foreign<br />
3 4 Investment Valuation Current Year's Than Temporary Deferred Exchange Value of Date of Last<br />
Loan Date Rate of Excluding Increase (Amortization)/ Impairment Interest Change in Land and Appraisal<br />
Loan Number Code City State Type Acquired Interest Accrued Interest (Decrease) Accretion Recognized and Other Book Value Buildings or Valuation<br />
L0844000............................................. ......... BRENTWOOD.................................................................... TN....... .............. 07/31/2008 ........6.480 .................3,786,093 ................................... ................................... ................................... ................................... ................................... .................5,750,000 ....07/15/2008<br />
L0844100............................................. ......... EDEN PRAIRIE.................................................................. MN...... .............. 07/03/2008 ........6.250 ...............23,666,792 ................................... ................................... ................................... ................................... ................................... ...............32,000,000 ....06/24/2008<br />
L0844200............................................. ......... SOLON................................................................................ OH...... .............. 08/29/2008 ........6.520 .................2,981,593 ................................... ................................... ................................... ................................... ................................... .................4,550,000 ....07/02/2008<br />
L0844400............................................. ......... HOLLY SPRINGS............................................................... NC....... .............. 07/25/2008 ........6.750 .................6,527,251 ................................... ................................... ................................... ................................... ................................... ...............10,230,000 ....06/08/2008<br />
L0844500............................................. ......... ATLANTA............................................................................ GA....... .............. 09/09/2008 ........6.380 ...............14,959,073 ................................... ................................... ................................... ................................... ................................... ...............24,550,000 ....06/18/2008<br />
L0844600............................................. ......... HOUSTON.......................................................................... TX....... .............. 10/08/2008 ........6.490 ...............29,959,875 ................................... ................................... ................................... ................................... ................................... ...............49,500,000 ....08/27/2008<br />
L0844700............................................. ......... HOUSTON.......................................................................... TX....... .............. 10/08/2008 ........6.490 .................9,986,625 ................................... ................................... ................................... ................................... ................................... ...............14,350,000 ....08/27/2008<br />
L0844800............................................. ......... HUNTSVILLE...................................................................... AL....... .............. 09/05/2008 ........6.450 ...............18,921,840 ................................... ................................... ................................... ................................... ................................... ...............29,500,000 ....07/03/2008<br />
L0844900............................................. ......... SIGNAL HILL...................................................................... CA....... .............. 09/24/2008 ........6.320 .................3,892,679 ................................... ................................... ................................... ................................... ................................... .................6,725,000 ....08/01/2008<br />
L0845000............................................. ......... BERKELEY......................................................................... CA....... .............. 10/02/2008 ........6.440 .................5,494,970 ................................... ................................... ................................... ................................... ................................... ...............11,850,000 ....07/08/2008<br />
L0845100............................................. ......... MIDDLE RIVER.................................................................. MD...... .............. 09/03/2008 ........6.540 .................7,951,031 ................................... ................................... ................................... ................................... ................................... ...............12,200,000 ....07/23/2008<br />
L0845300............................................. ......... GREENVILLE..................................................................... SC....... .............. 09/25/2008 ........6.750 .................3,391,243 ................................... ................................... ................................... ................................... ................................... .................5,190,000 ....09/05/2008<br />
L0845400............................................. ......... PEMBROKE........................................................................ MA...... .............. 11/05/2008 ........6.000 .................9,938,980 ................................... ................................... ................................... ................................... ................................... ...............24,200,000 ....10/01/2008<br />
L0845500............................................. ......... WILLIAMSBURG................................................................ VA....... .............. 10/30/2008 ........6.500 .................2,396,795 ................................... ................................... ................................... ................................... ................................... .................3,740,000 ....08/25/2008<br />
L0845600............................................. ......... DALLAS.............................................................................. TX....... .............. 09/30/2008 ........6.500 .................3,269,063 ................................... ................................... ................................... ................................... ................................... .................6,450,000 ....08/29/2008<br />
L0845700............................................. ......... MIAMI.................................................................................. FL........ .............. 11/04/2008 ........6.410 .................4,300,000 ................................... ................................... ................................... ................................... ................................... .................9,600,000 ....09/06/2008<br />
L0845800............................................. ......... BOCA RATON.................................................................... FL........ .............. 11/21/2008 ........6.410 .................2,500,000 ................................... ................................... ................................... ................................... ................................... .................3,820,000 ....11/01/2008<br />
L0845900............................................. ......... PHOENIX............................................................................ AZ....... .............. 11/12/2008 ........6.250 .................5,130,000 ................................... ................................... ................................... ................................... ................................... .................8,895,000 ....09/29/2008<br />
L0846000............................................. ......... FLORENCE........................................................................ KY....... .............. 12/10/2008 ........6.300 .................2,800,000 ................................... ................................... ................................... ................................... ................................... .................4,555,000 ....10/31/2008<br />
L0846100............................................. ......... LOWELL............................................................................. MA...... .............. 12/15/2008 ........6.370 .................3,000,000 ................................... ................................... ................................... ................................... ................................... .................4,800,000 ....10/17/2008<br />
L0846300............................................. ......... LOS ANGELES................................................................... CA....... .............. 10/31/2008 ........6.290 .................9,990,585 ................................... ................................... ................................... ................................... ................................... ...............18,200,000 ....09/13/2008<br />
L0846400............................................. ......... FARMINGTON HILLS........................................................ MI........ .............. 11/13/2008 ........6.370 .................4,500,000 ................................... ................................... ................................... ................................... ................................... .................8,750,000 ....10/09/2008<br />
L0846500............................................. ......... COMSTOCK PARK............................................................ MI........ .............. 10/24/2008 ........6.590 .................2,207,077 ................................... ................................... ................................... ................................... ................................... .................2,955,000 ....10/08/2008<br />
L0846800............................................. ......... BOSTON............................................................................. MA...... .............. 11/18/2008 ........6.100 ...............13,700,000 ................................... ................................... ................................... ................................... ................................... ...............21,700,000 ....10/01/2008<br />
0599999. Total - Mortgages in Good Standing - Commercial Mortgages - All Other.................................. ...................................................................... ..........7,026,793,075 ...............................0 ....................188,834 ...............................0 ...............................0 ...............................0 ........13,380,149,659 ......XXX.........<br />
0899999. Total - Mortgages in Good Standing............................................................................................. ...................................................................... ..........7,027,254,081 ...............................0 ....................188,855 ...............................0 ...............................0 ...............................0 ........13,385,266,059 ......XXX.........<br />
Restructured Mortgages<br />
Commercial Mortgages - All Other<br />
28357................................................... ......... SULPHUR........................................................................... LA....... .............. 01/07/1985 ........7.500 ................................... ................................... ................................... ................................... ................................... ................................... .................3,590,000 ....01/01/1984<br />
15822200............................................. ......... NEW ORLEANS................................................................. LA....... .............. 03/09/1999 ........7.090 ................................... ................................... ...........................293 ................................... ................................... ................................... ...............10,220,000 ....08/27/1998<br />
15833900............................................. ......... SAN MARCOS.................................................................... TX....... .............. 12/20/2000 ........9.000 ................................... ................................... ........................2,060 ................................... ................................... ................................... .................4,810,372 ....11/03/2000<br />
1399999. Total - Restructured Mortgages - Commercial Mortgages - All Other.......................................... ...................................................................... ...............................0 ...............................0 ........................2,353 ...............................0 ...............................0 ...............................0 ...............18,620,372 ......XXX.........<br />
1699999. Total - Restructured Mortgages.................................................................................................... ...................................................................... ...............................0 ...............................0 ........................2,353 ...............................0 ...............................0 ...............................0 ...............18,620,372 ......XXX.........<br />
3399999. Totals............................................................................................................................................. ...................................................................... ..........7,027,254,081 ...............................0 ....................191,208 ...............................0 ...............................0 ...............................0 ........13,403,886,431 ......XXX.........<br />
General Interrogatory:<br />
1. Mortgages in good standing $..........0 unpaid taxes $.....15,564 interest due and unpaid.<br />
2. Restructured mortgages $..........0 unpaid taxes $..........0 interest due and unpaid.<br />
3. Mortgages with overdue interest over 90 days not in process of foreclosure $..........0 unpaid taxes $..........0 interest due and unpaid.<br />
4. Mortgages in process of foreclosure $..........0 unpaid taxes $..........0 interest due and unpaid.
E05<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 2<br />
Showing all Mortgage Loans ACQUIRED During the Current Year<br />
1 Location 4 5 6 7 8 9<br />
Actual<br />
Additional<br />
2 3 Cost Investment Value of<br />
Loan Date Rate of at Time Made After Land and<br />
Loan Number City State Type Acquired Interest of Acquisition Acquisition Buildings<br />
Mortgages in Good Standing<br />
Commercial Mortgages - All Other<br />
L0821100..................................................... HUNTERSVILLE............................................................................................... NC................... ................................ ..........04/01/2008...... ........................6.250 ........................................28,000,000 ........................................................... ........................................37,500,000<br />
L0828300..................................................... KINGSPORT..................................................................................................... TN................... ................................ ..........04/24/2008...... ........................6.100 ..........................................6,650,000 ........................................................... ..........................................9,600,000<br />
L0831701..................................................... NORTH DARTMOUTH..................................................................................... MA.................. ................................ ..........05/30/2008...... ........................6.500 ..........................................5,123,120 ........................................................... ........................................25,160,000<br />
L0833500..................................................... SAN JOSE......................................................................................................... CA................... ................................ ..........01/03/2008...... ........................6.200 ........................................11,500,000 ........................................................... ........................................32,612,083<br />
L0833800..................................................... HADDON HEIGHTS.......................................................................................... NJ................... ................................ ..........02/27/2008...... ........................6.500 ..........................................2,500,000 ........................................................... ..........................................4,200,000<br />
L0834700..................................................... FINDLAY TOWNSHIP....................................................................................... PA................... ................................ ..........03/26/2008...... ........................6.340 ..........................................2,600,000 ........................................................... ..........................................3,900,000<br />
L0834800..................................................... WARREN........................................................................................................... OH.................. ................................ ..........01/25/2008...... ........................6.000 ........................................25,000,000 ........................................................... ........................................51,700,000<br />
L0835000..................................................... CHARLOTTE..................................................................................................... NC................... ................................ ..........01/25/2008...... ........................6.020 ........................................21,500,000 ........................................................... ........................................30,000,000<br />
L0835400..................................................... HAWTHORNE................................................................................................... CA................... ................................ ..........01/03/2008...... ........................6.010 ..........................................5,000,000 ........................................................... ..........................................9,300,000<br />
L0835500..................................................... MESA................................................................................................................. AZ................... ................................ ..........03/03/2008...... ........................5.940 ..........................................3,750,000 ........................................................... ........................................17,690,000<br />
L0835600..................................................... JACKSONVILLE................................................................................................ FL.................... ................................ ..........02/15/2008...... ........................5.920 ..........................................2,300,000 ........................................................... ..........................................4,200,000<br />
L0835700..................................................... JACKSONVILLE................................................................................................ FL.................... ................................ ..........01/29/2008...... ........................6.130 ..........................................2,750,000 ........................................................... ..........................................3,925,000<br />
L0836000..................................................... BRIDGEVILLE................................................................................................... PA................... ................................ ..........01/18/2008...... ........................6.180 ..........................................6,300,000 ........................................................... ..........................................8,450,000<br />
L0836200..................................................... STERLING......................................................................................................... VA................... ................................ ..........02/29/2008...... ........................5.950 ..........................................5,000,000 ........................................................... ........................................10,100,000<br />
L0836500..................................................... GREEN.............................................................................................................. OH.................. ................................ ..........01/24/2008...... ........................6.060 ..........................................4,000,000 ........................................................... ..........................................7,000,000<br />
L0836600..................................................... CERRITOS........................................................................................................ CA................... ................................ ..........01/31/2008...... ........................5.970 ..........................................7,000,000 ........................................................... ........................................11,500,000<br />
L0836700..................................................... SANTA FE SPRINGS....................................................................................... CA................... ................................ ..........03/18/2008...... ........................6.000 ..........................................3,000,000 ........................................................... ..........................................6,400,000<br />
L0836800..................................................... ORANGE........................................................................................................... CA................... ................................ ..........01/31/2008...... ........................5.970 ..........................................3,000,000 ........................................................... ..........................................5,900,000<br />
L0836900..................................................... LONG BEACH................................................................................................... CA................... ................................ ..........02/29/2008...... ........................6.140 ..........................................3,000,000 ........................................................... ........................................14,603,774<br />
L0837100..................................................... CHARLOTTESVILLE........................................................................................ VA................... ................................ ..........03/14/2008...... ........................6.080 ..........................................6,000,000 ........................................................... ..........................................8,526,316<br />
L0837200..................................................... PHOENIX.......................................................................................................... AZ................... ................................ ..........02/26/2008...... ........................5.950 ..........................................6,500,000 ........................................................... ........................................10,014,407<br />
L0837300..................................................... HUNTSVILLE.................................................................................................... AL................... ................................ ..........02/19/2008...... ........................6.100 ..........................................6,000,000 ........................................................... ........................................10,650,000<br />
L0837400..................................................... MOKENA........................................................................................................... IL..................... ................................ ..........02/27/2008...... ........................6.100 ..........................................2,600,000 ........................................................... ..........................................4,100,000<br />
L0837501..................................................... CARMEL............................................................................................................ IN.................... ................................ ..........02/14/2008...... ........................7.150 ..........................................1,400,000 ........................................................... ..........................................8,300,000<br />
L0837600..................................................... CHATSWORTH................................................................................................. CA................... ................................ ..........02/14/2008...... ........................6.100 ..........................................7,500,000 ........................................................... ........................................14,400,000<br />
L0837700..................................................... CARLSBAD....................................................................................................... CA................... ................................ ..........02/14/2008...... ........................6.250 ..........................................4,000,000 ........................................................... ..........................................6,500,000<br />
L0837801..................................................... STERLING......................................................................................................... VA................... ................................ ..........03/26/2008...... ........................6.110 ..........................................4,000,000 ........................................................... ........................................20,600,000<br />
L0837900..................................................... CRANBERRY TOWNSHIP............................................................................... PA................... ................................ ..........04/04/2008...... ........................6.150 ..........................................7,500,000 ........................................................... ........................................10,500,000<br />
L0838000..................................................... JENSEN BEACH............................................................................................... FL.................... ................................ ..........02/28/2008...... ........................6.100 ..........................................2,500,000 ........................................................... ..........................................8,430,000<br />
L0838100..................................................... MIAMI................................................................................................................ FL.................... ................................ ..........04/10/2008...... ........................6.200 ..........................................2,000,000 ........................................................... ..........................................4,600,000<br />
L0838200..................................................... NASHVILLE....................................................................................................... TN................... ................................ ..........05/28/2008...... ........................6.000 ........................................48,000,000 ........................................................... ........................................76,500,000<br />
L0838300..................................................... BALTIMORE...................................................................................................... MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................4,000,000 ........................................................... ........................................10,400,000<br />
L0838400..................................................... OWINGS MILLS................................................................................................ MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................4,000,000 ........................................................... ..........................................6,800,000<br />
L0838500..................................................... ROSSVILLE....................................................................................................... MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................3,000,000 ........................................................... ..........................................6,000,000<br />
L0838600..................................................... ABINGDON....................................................................................................... MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................2,000,000 ........................................................... ..........................................3,800,000<br />
L0838700..................................................... WOODLAWN..................................................................................................... MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................7,000,000 ........................................................... ..........................................9,900,000<br />
L0838800..................................................... WOODLAWN..................................................................................................... MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................2,000,000 ........................................................... ..........................................2,700,000<br />
L0838900..................................................... FORT MYERS................................................................................................... FL.................... ................................ ..........03/27/2008...... ........................6.250 ........................................13,000,000 ........................................................... ........................................19,600,000<br />
L0839000..................................................... JESSUP............................................................................................................. MD.................. ................................ ..........03/27/2008...... ........................6.250 ..........................................4,000,000 ........................................................... ..........................................6,400,000<br />
L0839100..................................................... JESSUP............................................................................................................. MD.................. ................................ ..........03/27/2008...... ........................6.250 ........................................11,000,000 ........................................................... ........................................16,000,000<br />
L0839200..................................................... WASHINGTON TOWNSHIP............................................................................. MI.................... ................................ ..........03/28/2008...... ........................6.050 ..........................................3,600,000 ........................................................... ..........................................5,525,000<br />
L0839500..................................................... BONITA SPRINGS............................................................................................ FL.................... ................................ ..........04/10/2008...... ........................5.970 ..........................................8,650,000 ........................................................... ........................................15,700,000<br />
L0839600..................................................... LAKELAND........................................................................................................ FL.................... ................................ ..........03/20/2008...... ........................6.000 ..........................................9,000,000 ........................................................... ........................................13,300,000
E05.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 2<br />
Showing all Mortgage Loans ACQUIRED During the Current Year<br />
1 Location 4 5 6 7 8 9<br />
Actual<br />
Additional<br />
2 3 Cost Investment Value of<br />
Loan Date Rate of at Time Made After Land and<br />
Loan Number City State Type Acquired Interest of Acquisition Acquisition Buildings<br />
L0839700..................................................... INDIAN WELLS................................................................................................. CA................... ................................ ..........03/17/2008...... ........................6.000 ..........................................2,200,000 ........................................................... ..........................................3,485,625<br />
L0839800..................................................... HOUSTON......................................................................................................... TX................... ................................ ..........03/27/2008...... ........................6.000 ..........................................2,550,000 ........................................................... ..........................................3,650,000<br />
L0839900..................................................... WINTER PARK................................................................................................. FL.................... ................................ ..........04/24/2008...... ........................6.000 ..........................................2,300,000 ........................................................... ..........................................3,150,000<br />
L0840000..................................................... DUMFRIES........................................................................................................ VA................... ................................ ..........04/18/2008...... ........................6.000 ..........................................7,800,000 ........................................................... ........................................12,200,000<br />
L0840100..................................................... BURBANK......................................................................................................... CA................... ................................ ..........04/30/2008...... ........................5.900 ..........................................7,000,000 ........................................................... ........................................17,500,000<br />
L0840200..................................................... NAPLES............................................................................................................ FL.................... ................................ ..........04/28/2008...... ........................5.950 ..........................................4,150,000 ........................................................... ..........................................6,200,000<br />
L0840300..................................................... GLEN BURNIE.................................................................................................. MD.................. ................................ ..........04/29/2008...... ........................6.130 ........................................10,700,000 ........................................................... ........................................15,500,000<br />
L0840400..................................................... SANFORD......................................................................................................... NC................... ................................ ..........04/17/2008...... ........................6.250 ..........................................7,800,000 ........................................................... ........................................11,300,000<br />
L0840500..................................................... HUNTSVILLE.................................................................................................... AL................... ................................ ..........04/17/2008...... ........................6.000 ..........................................2,000,000 ........................................................... ..........................................5,805,000<br />
L0840600..................................................... JOHNS ISLAND................................................................................................ SC................... ................................ ..........06/13/2008...... ........................6.250 ........................................32,500,000 ........................................................... ........................................45,900,000<br />
L0840700..................................................... IRVING.............................................................................................................. TX................... ................................ ..........05/01/2008...... ........................6.250 ..........................................5,000,000 ........................................................... ..........................................7,700,000<br />
L0840900..................................................... SANTA FE SPRINGS....................................................................................... CA................... ................................ ..........03/27/2008...... ........................5.950 ..........................................6,000,000 ........................................................... ........................................11,500,000<br />
L0841000..................................................... AUSTIN.............................................................................................................. TX................... ................................ ..........06/06/2008...... ........................6.450 ........................................13,500,000 ........................................................... ........................................26,500,000<br />
L0841100..................................................... FORT WORTH.................................................................................................. TX................... ................................ ..........06/05/2008...... ........................6.450 ..........................................3,000,000 ........................................................... ..........................................7,250,000<br />
L0841200..................................................... ROUND ROCK.................................................................................................. TX................... ................................ ..........06/05/2008...... ........................6.450 ..........................................5,000,000 ........................................................... ..........................................8,800,000<br />
L0841300..................................................... AUSTIN.............................................................................................................. TX................... ................................ ..........05/23/2008...... ........................6.450 ..........................................2,160,000 ........................................................... ..........................................3,550,000<br />
L0841400..................................................... VENTURA......................................................................................................... CA................... ................................ ..........05/28/2008...... ........................6.250 ..........................................2,000,000 ........................................................... ..........................................4,100,000<br />
L0841600..................................................... AUBURN........................................................................................................... CA................... ................................ ..........06/27/2008...... ........................6.150 ..........................................4,800,000 ........................................................... ........................................12,500,000<br />
L0841700..................................................... RANCHO CUCAMONGA.................................................................................. CA................... ................................ ..........05/02/2008...... ........................6.000 ........................................16,500,000 ........................................................... ........................................33,700,000<br />
L0841800..................................................... ONTARIO.......................................................................................................... CA................... ................................ ..........06/02/2008...... ........................6.000 ..........................................9,000,000 ........................................................... ........................................18,300,000<br />
L0841900..................................................... TEMECULA....................................................................................................... CA................... ................................ ..........06/30/2008...... ........................6.000 ..........................................5,000,000 ........................................................... ........................................11,700,000<br />
L0842000..................................................... CHINO............................................................................................................... CA................... ................................ ..........06/02/2008...... ........................6.000 ........................................12,500,000 ........................................................... ........................................24,500,000<br />
L0842100..................................................... CORONA........................................................................................................... CA................... ................................ ..........06/02/2008...... ........................6.000 ........................................11,000,000 ........................................................... ........................................23,600,000<br />
L0842200..................................................... LYNNWOOD..................................................................................................... WA.................. ................................ ..........05/15/2008...... ........................6.020 ..........................................2,700,000 ........................................................... ..........................................4,825,000<br />
L0842300..................................................... STRONGSVILLE............................................................................................... OH.................. ................................ ..........05/01/2008...... ........................6.000 ..........................................1,830,000 ........................................................... ..........................................3,050,000<br />
L0842400..................................................... MORRISVILLE.................................................................................................. NC................... ................................ ..........06/09/2008...... ........................6.150 ..........................................4,150,000 ........................................................... ..........................................5,600,000<br />
L0842600..................................................... LOS ANGELES................................................................................................. CA................... ................................ ..........06/04/2008...... ........................6.000 ..........................................9,600,000 ........................................................... ........................................15,100,000<br />
L0842700..................................................... BROWNSBURG................................................................................................ IN.................... ................................ ..........06/30/2008...... ........................6.250 ..........................................4,650,000 ........................................................... ..........................................7,000,000<br />
L0842800..................................................... CARMEL............................................................................................................ IN.................... ................................ ..........06/30/2008...... ........................6.250 ..........................................2,000,000 ........................................................... ..........................................3,400,000<br />
L0842900..................................................... SANDY.............................................................................................................. UT................... ................................ ..........06/03/2008...... ........................6.000 ........................................12,700,000 ........................................................... ........................................22,010,000<br />
L0843000..................................................... LAS VEGAS...................................................................................................... NV................... ................................ ..........09/30/2008...... ........................6.150 ..........................................5,000,000 ........................................................... ........................................10,000,000<br />
L0843100..................................................... HOUSTON......................................................................................................... TX................... ................................ ..........06/05/2008...... ........................6.250 ..........................................2,300,000 ........................................................... ..........................................3,900,000<br />
L0843200..................................................... FLOWER MOUND............................................................................................ TX................... ................................ ..........06/13/2008...... ........................6.250 ..........................................3,520,000 ........................................................... ..........................................5,500,000<br />
L0843300..................................................... RIALTO.............................................................................................................. CA................... ................................ ..........06/26/2008...... ........................6.000 ..........................................4,600,000 ........................................................... ..........................................8,260,000<br />
L0843400..................................................... POWELL............................................................................................................ OH.................. ................................ ..........06/13/2008...... ........................6.150 ..........................................2,000,000 ........................................................... ..........................................3,600,000<br />
L0843500..................................................... LAKELAND........................................................................................................ FL.................... ................................ ..........07/16/2008...... ........................6.000 ..........................................4,200,000 ........................................................... ..........................................6,800,000<br />
L0843600..................................................... CHINO............................................................................................................... CA................... ................................ ..........06/17/2008...... ........................6.040 ..........................................3,750,000 ........................................................... ..........................................8,400,000<br />
L0843800..................................................... BIRMINGHAM................................................................................................... AL................... ................................ ..........07/25/2008...... ........................6.240 ........................................20,000,000 ........................................................... ........................................36,000,000<br />
L0843900..................................................... PALM DESERT................................................................................................. CA................... ................................ ..........07/31/2008...... ........................6.250 ..........................................5,250,000 ........................................................... ........................................10,200,000<br />
L0844000..................................................... BRENTWOOD................................................................................................... TN................... ................................ ..........07/31/2008...... ........................6.480 ..........................................3,800,000 ........................................................... ..........................................5,750,000<br />
L0844100..................................................... EDEN PRAIRIE................................................................................................. MN.................. ................................ ..........07/03/2008...... ........................6.250 ........................................23,800,000 ........................................................... ........................................32,000,000<br />
L0844200..................................................... SOLON.............................................................................................................. OH.................. ................................ ..........08/29/2008...... ........................6.520 ..........................................3,000,000 ........................................................... ..........................................4,550,000<br />
L0844400..................................................... HOLLY SPRINGS............................................................................................. NC................... ................................ ..........07/25/2008...... ........................6.750 ..........................................6,550,000 ........................................................... ........................................10,230,000<br />
L0844500..................................................... ATLANTA.......................................................................................................... GA................... ................................ ..........09/09/2008...... ........................6.380 ........................................15,000,000 ........................................................... ........................................24,550,000<br />
L0844600..................................................... HOUSTON......................................................................................................... TX................... ................................ ..........10/08/2008...... ........................6.490 ........................................30,000,000 ........................................................... ........................................49,500,000
E05.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 2<br />
Showing all Mortgage Loans ACQUIRED During the Current Year<br />
1 Location 4 5 6 7 8 9<br />
Actual<br />
Additional<br />
2 3 Cost Investment Value of<br />
Loan Date Rate of at Time Made After Land and<br />
Loan Number City State Type Acquired Interest of Acquisition Acquisition Buildings<br />
L0844700..................................................... HOUSTON......................................................................................................... TX................... ................................ ..........10/08/2008...... ........................6.490 ........................................10,000,000 ........................................................... ........................................14,350,000<br />
L0844800..................................................... HUNTSVILLE.................................................................................................... AL................... ................................ ..........09/05/2008...... ........................6.450 ........................................19,000,000 ........................................................... ........................................29,500,000<br />
L0844900..................................................... SIGNAL HILL..................................................................................................... CA................... ................................ ..........09/24/2008...... ........................6.320 ..........................................3,900,000 ........................................................... ..........................................6,725,000<br />
L0845000..................................................... BERKELEY........................................................................................................ CA................... ................................ ..........10/02/2008...... ........................6.440 ..........................................5,500,000 ........................................................... ........................................11,850,000<br />
L0845100..................................................... MIDDLE RIVER................................................................................................. MD.................. ................................ ..........09/03/2008...... ........................6.540 ..........................................8,000,000 ........................................................... ........................................12,200,000<br />
L0845300..................................................... GREENVILLE.................................................................................................... SC................... ................................ ..........09/25/2008...... ........................6.750 ..........................................3,400,000 ........................................................... ..........................................5,190,000<br />
L0845400..................................................... PEMBROKE...................................................................................................... MA.................. ................................ ..........11/05/2008...... ........................6.000 ........................................10,000,000 ........................................................... ........................................24,200,000<br />
L0845500..................................................... WILLIAMSBURG............................................................................................... VA................... ................................ ..........10/30/2008...... ........................6.500 ..........................................2,400,000 ........................................................... ..........................................3,740,000<br />
L0845600..................................................... DALLAS............................................................................................................. TX................... ................................ ..........09/30/2008...... ........................6.500 ..........................................3,275,000 ........................................................... ..........................................6,450,000<br />
L0845700..................................................... MIAMI................................................................................................................ FL.................... ................................ ..........11/04/2008...... ........................6.410 ..........................................4,300,000 ........................................................... ..........................................9,600,000<br />
L0845800..................................................... BOCA RATON................................................................................................... FL.................... ................................ ..........11/21/2008...... ........................6.410 ..........................................2,500,000 ........................................................... ..........................................3,820,000<br />
L0845900..................................................... PHOENIX.......................................................................................................... AZ................... ................................ ..........11/12/2008...... ........................6.250 ..........................................5,130,000 ........................................................... ..........................................8,895,000<br />
L0846000..................................................... FLORENCE....................................................................................................... KY................... ................................ ..........12/10/2008...... ........................6.300 ..........................................2,800,000 ........................................................... ..........................................4,555,000<br />
L0846100..................................................... LOWELL............................................................................................................ MA.................. ................................ ..........12/15/2008...... ........................6.370 ..........................................3,000,000 ........................................................... ..........................................4,800,000<br />
L0846300..................................................... LOS ANGELES................................................................................................. CA................... ................................ ..........10/31/2008...... ........................6.290 ........................................10,000,000 ........................................................... ........................................18,200,000<br />
L0846400..................................................... FARMINGTON HILLS....................................................................................... MI.................... ................................ ..........11/13/2008...... ........................6.370 ..........................................4,500,000 ........................................................... ..........................................8,750,000<br />
L0846500..................................................... COMSTOCK PARK........................................................................................... MI.................... ................................ ..........10/24/2008...... ........................6.590 ..........................................2,210,000 ........................................................... ..........................................2,955,000<br />
L0846800..................................................... BOSTON........................................................................................................... MA.................. ................................ ..........11/18/2008...... ........................6.100 ........................................13,700,000 ........................................................... ........................................21,700,000<br />
0599999. Total - Mortgages in Good Standing - Commercial Mortgages - All Other.......................................................................................................................... .........XXX.................. ............XXX............... ......................................775,698,120 ........................................................0 ...................................1,389,082,205<br />
0899999. Total - Mortgages in Good Standing..................................................................................................................................................................................... .........XXX.................. ............XXX............... ......................................775,698,120 ........................................................0 ...................................1,389,082,205<br />
3399999. Totals........................................................................................................................................................................ ........................................................... .........XXX.................. ............XXX............... ......................................775,698,120 ........................................................0 ...................................1,389,082,205
E06<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
Mortgages Closed by Repayment<br />
20209........................ BURNSVILLE.......................... MN...... ............ 03/01/2000 03/04/2008 .............4,833,815 .......................... .......................... .......................... .......................... .......................0 .......................... .............4,813,812 .............4,813,812 .......................... .......................... ...........................0<br />
20210........................ BURNSVILLE.......................... MN...... ............ 03/31/2000 03/04/2008 .............3,619,540 .......................... .......................... .......................... .......................... .......................0 .......................... .............3,604,237 .............3,604,237 .......................... .......................... ...........................0<br />
20229........................ VIRGINIA BEACH................... VA....... ............ 09/29/2000 06/06/2008 .............8,331,954 .......................... .......................... .......................... .......................... .......................0 .......................... .............8,182,969 .............8,182,969 .......................... .......................... ...........................0<br />
21228........................ MIAMI...................................... FL........ ............ 01/29/2001 04/18/2008 .............2,449,985 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,414,750 .............2,414,750 .......................... .......................... ...........................0<br />
22200........................ VIRGINIA BEACH................... VA....... ............ 07/25/2002 06/06/2008 ...........11,001,677 .......................... .......................... .......................... .......................... .......................0 .......................... ...........10,912,306 ...........10,912,306 .......................... .......................... ...........................0<br />
22213........................ VALLEY VIEW......................... OH...... ............ 05/31/2002 04/01/2008 .............3,053,851 .......................... .......................... .......................... .......................... .......................0 .......................... .............3,029,170 .............3,029,170 .......................... .......................... ...........................0<br />
23208........................ RALEIGH................................. NC....... ............ 08/06/2003 04/04/2008 .............4,673,113 .......................... .......................... .......................... .......................... .......................0 .......................... .............4,651,524 .............4,651,524 .......................... .......................... ...........................0<br />
25271........................ CHARLOTTESVILLE.............. VA....... ............ 09/09/2005 06/06/2008 ...........10,522,716 .......................... .......................... .......................... .......................... .......................0 .......................... ...........10,424,345 ...........10,424,345 .......................... .......................... ...........................0<br />
85209........................ BROOKHAVEN....................... MS...... ............ 12/03/1985 07/09/2008 ................728,693 .......................... .......................... .......................... .......................... .......................0 .......................... ................654,682 ................654,682 .......................... .......................... ...........................0<br />
86000........................ OVERLAND PARK.................. KS....... ............ 04/24/1986 08/29/2008 ................530,612 .......................... .......................... .......................... .......................... .......................0 .......................... ................405,504 ................405,504 .......................... .......................... ...........................0<br />
88209........................ TEMPE.................................... AZ....... ............ 08/31/1988 07/17/2008 ................169,199 .......................... .......................... .......................... .......................... .......................0 .......................... ..................12,240 ..................12,240 .......................... .......................... ...........................0<br />
95265........................ RALEIGH................................. NC....... ............ 11/01/1995 01/09/2008 .............7,770,055 .......................... .......................... .......................... .......................... .......................0 .......................... .............7,761,409 .............7,761,409 .......................... .......................... ...........................0<br />
97282........................ TWINSBURG........................... OH...... ............ 10/18/1997 05/06/2008 .............1,019,207 .......................... .......................... .......................... .......................... .......................0 .......................... ................947,302 ................947,302 .......................... .......................... ...........................0<br />
98215........................ MEMPHIS................................ TN....... ............ 02/26/1998 03/03/2008 .............2,450,913 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,437,266 .............2,437,266 .......................... .......................... ...........................0<br />
98238........................ VALLEY VIEW......................... OH...... ............ 07/10/1998 04/01/2008 .............2,011,965 .......................... .......................... .......................... .......................... .......................0 .......................... .............1,994,079 .............1,994,079 .......................... .......................... ...........................0<br />
98280........................ BELTON.................................. TX....... ............ 11/09/1998 05/01/2008 .............4,056,111 .......................... .......................... .......................... .......................... .......................0 .......................... .............4,013,805 .............4,013,805 .......................... .......................... ...........................0<br />
99211........................ MCDONOUGH........................ GA....... ............ 03/15/1999 12/01/2008 .............4,364,502 .......................... .......................... .......................... .......................... .......................0 .......................... .............4,279,860 .............4,279,860 .......................... .......................... ...........................0<br />
99292........................ MESA....................................... AZ....... ............ 12/29/1999 02/15/2008 .............1,793,847 .......................... .......................... .......................... .......................... .......................0 .......................... .............1,762,232 .............1,762,232 .......................... .......................... ...........................0<br />
00A55916.................. SAN FRANCISCO................... CA....... ............ 12/31/1998 10/24/2008 ..................50,870 .......................... .......................... .......................... .......................... .......................0 .......................... ..................45,773 ..................45,773 .......................... .......................... ...........................0<br />
00A96252.................. HOUSTON............................... TX....... ............ 07/11/1996 02/04/2008 .............2,430,479 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,332,593 .............2,332,593 .......................... .......................... ...........................0<br />
00A96253.................. HOUSTON............................... TX....... ............ 07/11/1996 02/04/2008 .............1,170,189 .......................... .......................... .......................... .......................... .......................0 .......................... .............1,123,058 .............1,123,058 .......................... .......................... ...........................0<br />
00A97221.................. FORT WORTH........................ TX....... ............ 06/04/1997 06/06/2008 .............1,254,526 .......................... .......................... .......................... .......................... .......................0 .......................... .............1,156,856 .............1,156,856 .......................... .......................... ...........................0<br />
00A98236.................. PEWAUKEE............................ WI....... ............ 06/12/1998 06/03/2008 ................666,078 .......................... .......................... .......................... .......................... .......................0 .......................... ................624,213 ................624,213 .......................... .......................... ...........................0<br />
00A98251.................. PEWAUKEE............................ WI....... ............ 08/12/1998 08/14/2008 ................863,211 .......................... .......................... .......................... .......................... .......................0 .......................... ................789,764 ................789,764 .......................... .......................... ...........................0<br />
00A98289.................. PRATTVILLE........................... AL....... ............ 12/30/1998 12/19/2008 .............2,924,773 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,751,312 .............2,751,312 .......................... .......................... ...........................0<br />
00A99259.................. JEFFERSONTOWN................ KY....... ............ 07/21/1999 04/07/2008 ................870,647 .......................... .......................... .......................... .......................... .......................0 .......................... ................845,137 ................845,137 .......................... .......................... ...........................0<br />
00C21229................. LOUISVILLE............................ KY....... ............ 01/24/2001 10/31/2008 .............2,311,725 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,140,423 .............2,140,423 .......................... .......................... ...........................0<br />
00C25227................. LOUISVILLE............................ KY....... ............ 05/11/2005 05/05/2008 ...........11,595,765 .......................... .......................... .......................... .......................... .......................0 .......................... ...........11,473,357 ...........11,473,357 .......................... .......................... ...........................0<br />
00C25228................. LOUISVILLE............................ KY....... ............ 05/11/2005 05/05/2008 .............6,961,073 .......................... .......................... .......................... .......................... .......................0 .......................... .............6,887,771 .............6,887,771 .......................... .......................... ...........................0<br />
00C97276................. TAMPA.................................... FL........ ............ 09/19/1997 04/01/2008 .............2,023,340 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,000,034 .............2,000,034 .......................... .......................... ...........................0<br />
00C97297................. SAN ANTONIO........................ TX....... ............ 03/31/1998 04/01/2008 .............5,904,601 .......................... .......................... .......................... .......................... .......................0 .......................... .............5,873,578 .............5,873,578 .......................... .......................... ...........................0<br />
00C97303................. ORLANDO............................... FL........ ............ 02/06/1998 09/25/2008 .............2,992,150 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,909,365 .............2,909,365 .......................... .......................... ...........................0<br />
00C97317................. KENNESAY............................. GA....... ............ 03/19/2001 08/27/2008 ................595,683 .......................... ...............(1,338) .......................... .......................... ...............(1,338) .......................... ................534,054 ................534,054 .......................... .......................... ...........................0<br />
00C98207................. O FALLON............................... MO...... ............ 04/16/1998 05/01/2008 ...........10,876,439 .......................... .......................... .......................... .......................... .......................0 .......................... ...........10,787,306 ...........10,787,306 .......................... .......................... ...........................0<br />
00C98250................. CERRITOS.............................. CA....... ............ 06/15/1998 01/31/2008 .............3,594,809 .......................... .......................... .......................... .......................... .......................0 .......................... .............3,584,248 .............3,584,248 .......................... .......................... ...........................0<br />
00C99213................. FORT WORTH........................ TX....... ............ 02/24/1999 03/04/2008 ...........16,623,284 .......................... .......................... .......................... .......................... .......................0 .......................... ...........16,564,311 ...........16,564,311 .......................... .......................... ...........................0<br />
00C99264................. ROUND ROCK........................ TX....... ............ 09/29/1999 06/06/2008 .............3,567,147 .......................... .......................... .......................... .......................... .......................0 .......................... .............3,487,280 .............3,487,280 .......................... .......................... ...........................0<br />
00G17307................. SUN PRAIRIE.......................... WI....... ............ 06/01/2000 07/01/2008 .............1,000,332 .......................... ................3,173 .......................... .......................... ................3,173 .......................... ................946,042 ................946,043 .......................... .......................... ...........................0<br />
00G17613................. SALT LAKE CITY.................... UT....... ............ 10/01/2000 10/15/2008 ................391,053 .......................... .......................... .......................... .......................... .......................0 .......................... ................291,776 ................291,776 .......................... .......................... ...........................0<br />
00G17913................. SALEM..................................... OR...... ............ 10/01/2000 01/29/2008 ................827,288 .......................... .......................... .......................... .......................... .......................0 .......................... ................822,766 ................822,766 .......................... .......................... ...........................0<br />
00G17992................. OMAHA.................................... NE....... ............ 10/01/2000 06/03/2008 ................515,654 .......................... .......................... .......................... .......................... .......................0 .......................... ................501,815 ................501,815 .......................... .......................... ...........................0<br />
00G18013................. KIRKWOOD............................. MO...... ............ 10/01/2000 07/03/2008 ................572,600 .......................... .......................... .......................... .......................... .......................0 .......................... ................553,968 ................553,968 .......................... .......................... ...........................0<br />
00G18036................. SAN JOSE............................... CA....... ............ 10/01/2000 08/28/2008 .............1,637,474 .......................... .......................... .......................... .......................... .......................0 .......................... .............1,600,214 .............1,600,214 .......................... .......................... ...........................0<br />
00G18054................. LAS VEGAS............................ NV....... ............ 10/01/2000 03/26/2008 ................280,219 .......................... .......................... .......................... .......................... .......................0 .......................... ................249,319 ................249,319 .......................... .......................... ...........................0<br />
00G18124................. ST. PETERS............................ MO...... ............ 10/01/2000 12/30/2008 ................916,351 .......................... .......................... .......................... .......................... .......................0 .......................... ................859,612 ................859,612 .......................... .......................... ...........................0<br />
00G18125................. ST. PETERS............................ MO...... ............ 10/01/2000 12/30/2008 ................916,351 .......................... .......................... .......................... .......................... .......................0 .......................... ................859,612 ................859,612 .......................... .......................... ...........................0<br />
00M96287................. SOLON.................................... OH...... ............ 12/31/1996 12/15/2008 ................255,526 .......................... .......................... .......................... .......................... .......................0 .......................... ..................20,414 ..................20,414 .......................... .......................... ...........................0<br />
1601500.................... FORT WAYNE........................ IN........ ............ 03/30/1993 04/01/2008 ................345,121 .......................... .......................... .......................... .......................... .......................0 .......................... ..................87,179 ..................87,179 .......................... .......................... ...........................0<br />
15377300.................. KANSAS CITY......................... MO...... ............ 07/21/1976 08/29/2008 ................733,686 .......................... .......................... .......................... .......................... .......................0 .......................... ................658,972 ................658,972 .......................... .......................... ...........................0<br />
15384585.................. PALO ALTO............................. CA....... ............ 07/01/2001 04/03/2008 ..................71,196 .......................... .......................... .......................... .......................... .......................0 .......................... ..................17,961 ..................17,961 .......................... .......................... ...........................0
E06.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15386685.................. RICHMOND............................. VA....... ............ 07/01/2001 10/01/2008 ................586,220 .......................... .......................... .......................... .......................... .......................0 .......................... ..................60,520 ..................60,520 .......................... .......................... ...........................0<br />
15394285.................. PALO ALTO............................. CA....... ............ 07/01/2001 04/03/2008 ..................36,493 .......................... .......................... .......................... .......................... .......................0 .......................... ....................9,221 ....................9,221 .......................... .......................... ...........................0<br />
15465300.................. DOWNERS GROVE............... IL......... ............ 12/03/1979 04/09/2008 ................350,262 .......................... .......................... .......................... .......................... .......................0 .......................... ................316,507 ................316,507 .......................... .......................... ...........................0<br />
15465700.................. HAZELWOOD......................... MO...... ............ 10/16/1978 10/07/2008 ..................27,847 .......................... .......................... .......................... .......................... .......................0 .......................... ....................2,879 ....................2,879 .......................... .......................... ...........................0<br />
15465900.................. STOCKTON............................. CA....... ............ 10/16/1978 10/07/2008 ..................24,520 .......................... .......................... .......................... .......................... .......................0 .......................... ....................2,534 ....................2,534 .......................... .......................... ...........................0<br />
15471700.................. SAN DIEGO............................. CA....... ............ 11/01/1978 10/07/2008 ..................26,515 .......................... .......................... .......................... .......................... .......................0 .......................... ....................2,740 ....................2,740 .......................... .......................... ...........................0<br />
15483800.................. ARLINGTON............................ TX....... ............ 09/13/1978 08/20/2008 ....................2,757 .......................... .......................... .......................... .......................... .......................0 .......................... .......................317 .......................317 .......................... .......................... ...........................0<br />
15484800.................. DALLAS................................... TX....... ............ 10/12/1978 07/17/2008 ....................3,176 .......................... .......................... .......................... .......................... .......................0 .......................... ....................1,061 ....................1,061 .......................... .......................... ...........................0<br />
15492900.................. FORT WAYNE........................ IN........ ............ 01/25/1979 10/07/2008 ..................30,371 .......................... .......................... .......................... .......................... .......................0 .......................... ....................3,145 ....................3,145 .......................... .......................... ...........................0<br />
15493000.................. CARROLLTON........................ GA....... ............ 01/25/1979 10/07/2008 ..................22,791 .......................... .......................... .......................... .......................... .......................0 .......................... ....................2,360 ....................2,360 .......................... .......................... ...........................0<br />
15742811.................. LAREDO.................................. TX....... ............ 09/09/2005 04/10/2008 ................679,214 .......................... .......................... .......................... .......................... .......................0 .......................... ................171,483 ................171,483 .......................... .......................... ...........................0<br />
15745400.................. LA MIRADA............................. CA....... ............ 12/10/1993 12/26/2008 ................348,627 .......................... .......................... .......................... .......................... .......................0 .......................... ....................7,416 ....................7,416 .......................... .......................... ...........................0<br />
15756200.................. SUN PRAIRIE.......................... WI....... ............ 12/27/1994 07/30/2008 .............2,490,943 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,259,304 .............2,259,304 .......................... .......................... ...........................0<br />
15804600.................. MINNEAPOLIS........................ MN...... ............ 09/27/1996 03/04/2008 .............2,600,581 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,527,062 .............2,527,063 .......................... .......................... ...........................0<br />
15817900.................. JEFFERSON CITY.................. MO...... ............ 10/14/1998 11/10/2008 .............7,663,094 .......................... .......................... .......................... .......................... .......................0 .......................... .............7,452,520 .............7,452,520 .......................... .......................... ...........................0<br />
15819700.................. EAST LANSING...................... MI........ ............ 12/22/1997 01/10/2008 .............3,426,296 .......................... .......................... .......................... .......................... .......................0 .......................... .............3,426,296 .............3,426,296 .......................... .......................... ...........................0<br />
15820000.................. DANVILLE............................... CA....... ............ 05/28/1998 03/10/2008 .............8,498,871 .......................... .......................... .......................... .......................... .......................0 .......................... .............8,467,504 .............8,467,504 .......................... .......................... ...........................0<br />
15821100.................. VALLEY VIEW......................... OH...... ............ 08/25/1998 10/28/2008 ...........17,323,369 .......................... .......................... .......................... .......................... .......................0 .......................... ...........16,800,120 ...........16,800,120 .......................... .......................... ...........................0<br />
15824100.................. PHILADELPHIA....................... PA....... ............ 12/17/1998 10/10/2008 .............2,831,579 .......................... ..............11,190 .......................... .......................... ..............11,190 .......................... .............2,709,993 .............2,709,993 .......................... .......................... ...........................0<br />
15824211.................. KERRVILLE............................. TX....... ............ 12/18/2003 11/24/2008 ................484,262 .......................... .......................... .......................... .......................... .......................0 .......................... ..................41,831 ..................41,831 .......................... .......................... ...........................0<br />
15825400.................. FOSTER CITY......................... CA....... ............ 04/19/1999 02/28/2008 .............7,729,308 .......................... .......................... .......................... .......................... .......................0 .......................... .............7,700,067 .............7,700,067 .......................... .......................... ...........................0<br />
15826000.................. NEW YORK............................. NY....... ............ 04/12/1999 08/13/2008 .............8,464,719 .......................... ..............20,280 .......................... .......................... ..............20,280 .......................... .............8,283,474 .............8,283,475 .......................... .......................... ...........................0<br />
15837100.................. AUSTIN.................................... TX....... ............ 07/13/2001 11/18/2008 .............4,089,316 .......................... .......................... .......................... .......................... .......................0 .......................... .............4,002,901 .............4,002,901 .......................... .......................... ...........................0<br />
15845500.................. King of Prussia........................ PA....... ............ 10/25/2002 06/30/2008 ...........15,117,669 .......................... .......................... .......................... .......................... .......................0 .......................... ...........14,694,447 ...........14,694,447 .......................... .......................... ...........................0<br />
15846900.................. Kansas City.............................. MO...... ............ 03/31/2003 07/16/2008 .............4,315,969 .......................... .......................... .......................... .......................... .......................0 .......................... .............4,250,070 .............4,250,070 .......................... .......................... ...........................0<br />
15847601.................. Moon Township....................... PA....... ............ 05/27/2003 07/28/2008 ...........16,581,364 .......................... .......................... .......................... .......................... .......................0 .......................... ...........15,707,712 ...........15,707,712 .......................... .......................... ...........................0<br />
15847602.................. Moon Township....................... PA....... ............ 05/27/2003 06/02/2008 ..................53,915 .......................... .......................... .......................... .......................... .......................0 .......................... ....................9,076 ....................9,076 .......................... .......................... ...........................0<br />
15852200.................. Phoenix.................................... AZ....... ............ 12/08/2003 09/05/2008 .............6,146,790 .......................... .......................... .......................... .......................... .......................0 .......................... .............5,942,420 .............5,942,420 .......................... .......................... ...........................0<br />
15852900.................. New Britain.............................. CT....... ............ 03/29/2004 01/04/2008 .............3,392,558 .......................... .......................... .......................... .......................... .......................0 .......................... .............3,392,558 .............3,392,558 .......................... .......................... ...........................0<br />
0199999. Total - Mortgages Closed by Repayment......................................................................... .........272,470,791 .......................0 ..............33,305 .......................0 .......................0 ..............33,305 .......................0 .........263,929,113 .........263,929,116 .......................0 .......................0 ...........................0<br />
Mortgages With Partial Repayments<br />
603............................ RALEIGH................................. NC....... ............ 03/01/1968 .................. ................144,986 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,031 .......................... .......................... ...........................0<br />
606............................ GREENSBORO....................... NC....... ............ 02/01/1971 .................. ................309,064 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,151 .......................... .......................... ...........................0<br />
20200........................ HOUSTON............................... TX....... ............ 04/13/2000 .................. ...........18,332,889 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................205,041 .......................... .......................... ...........................0<br />
20201........................ SAN ANTONIO........................ TX....... ............ 06/26/2000 .................. .............3,879,994 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................137,742 .......................... .......................... ...........................0<br />
20203........................ HOUSTON............................... TX....... ............ 01/20/2000 .................. .............2,192,960 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................123,823 .......................... .......................... ...........................0<br />
20204........................ BOLINGBROOK...................... IL......... ............ 06/14/2000 .................. .............1,929,997 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,165 .......................... .......................... ...........................0<br />
20205........................ HOUSTON............................... TX....... ............ 01/19/2000 .................. .............3,913,273 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................109,740 .......................... .......................... ...........................0<br />
20206........................ LUBBOCK............................... TX....... ............ 02/16/2000 .................. .............1,454,034 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,893 .......................... .......................... ...........................0<br />
20207........................ WOODRIDGE.......................... IL......... ............ 11/28/2000 .................. .............6,343,916 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................280,323 .......................... .......................... ...........................0<br />
20208........................ SAN DIEGO............................. CA....... ............ 03/27/2000 .................. .............4,976,832 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................131,819 .......................... .......................... ...........................0<br />
20209........................ BURNSVILLE.......................... MN...... ............ 03/01/2000 .................. .............4,833,815 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................20,002 .......................... .......................... ...........................0<br />
20210........................ BURNSVILLE.......................... MN...... ............ 03/31/2000 .................. .............3,619,540 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................15,303 .......................... .......................... ...........................0<br />
20213........................ KINGSPORT........................... TN....... ............ 11/28/2000 .................. .............2,254,429 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,380 .......................... .......................... ...........................0<br />
20214........................ SANTA CLARA....................... CA....... ............ 05/15/2000 .................. .............3,579,447 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................171,028 .......................... .......................... ...........................0<br />
20217........................ COLUMBUS............................ OH...... ............ 07/05/2000 .................. .............3,528,482 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................96,590 .......................... .......................... ...........................0<br />
20220........................ Hopkins.................................... MN...... ............ 10/19/2000 .................. .............2,636,245 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................256,857 .......................... .......................... ...........................0<br />
20227........................ WHITTIER............................... CA....... ............ 08/31/2000 .................. .............3,961,516 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................102,763 .......................... .......................... ...........................0<br />
20228........................ MEMPHIS................................ TN....... ............ 10/09/2000 .................. .............6,151,787 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................147,320 .......................... .......................... ...........................0<br />
20229........................ VIRGINIA BEACH................... VA....... ............ 09/29/2000 .................. .............8,331,954 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................148,985 .......................... .......................... ...........................0
E06.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
20230........................ SANDY SPRINGS................... GA....... ............ 09/29/2000 .................. .............1,764,524 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,409 .......................... .......................... ...........................0<br />
20233........................ HOUSTON............................... TX....... ............ 10/12/2000 .................. .............5,847,271 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,576 .......................... .......................... ...........................0<br />
20235........................ SNOQUALMIE........................ WA...... ............ 09/22/2000 .................. .............6,731,391 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................175,813 .......................... .......................... ...........................0<br />
20236........................ ATLANTA................................ GA....... ............ 04/25/2001 .................. .............8,828,476 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................220,652 .......................... .......................... ...........................0<br />
20238........................ SAN JOSE............................... CA....... ............ 10/26/2000 .................. .............3,522,796 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,883 .......................... .......................... ...........................0<br />
20239........................ STRONGSVILLE..................... OH...... ............ 12/12/2000 .................. .............3,336,368 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................149,540 .......................... .......................... ...........................0<br />
20246........................ LOS ANGELES....................... CA....... ............ 12/18/2000 .................. ...........11,763,924 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................532,873 .......................... .......................... ...........................0<br />
20247........................ ORCUTT.................................. CA....... ............ 12/21/2000 .................. .............7,275,058 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................333,742 .......................... .......................... ...........................0<br />
20250........................ MONROVIA............................. CA....... ............ 11/30/2000 .................. .............4,578,682 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................423,500 .......................... .......................... ...........................0<br />
20251........................ GREENVILLE.......................... SC....... ............ 12/28/2000 .................. ................993,491 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................455,705 .......................... .......................... ...........................0<br />
21200........................ MURFREEBORO.................... TN....... ............ 03/06/2001 .................. .............1,891,503 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,189 .......................... .......................... ...........................0<br />
21202........................ ROCK HILL.............................. SC....... ............ 05/09/2001 .................. .............1,789,174 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................39,287 .......................... .......................... ...........................0<br />
21203........................ SANTA ROSA......................... CA....... ............ 01/05/2001 .................. .............2,248,976 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................223,931 .......................... .......................... ...........................0<br />
21204........................ ROHNERT PARK.................... CA....... ............ 01/05/2001 .................. .............2,385,254 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................237,507 .......................... .......................... ...........................0<br />
21205........................ MECHANICSBURG................ PA....... ............ 07/31/2001 .................. .............5,052,193 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................293,281 .......................... .......................... ...........................0<br />
21214........................ LENEXA.................................. KS....... ............ 02/01/2001 .................. .............6,288,782 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................286,129 .......................... .......................... ...........................0<br />
21220........................ LENEXA.................................. KS....... ............ 03/14/2001 .................. .............3,144,023 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................146,772 .......................... .......................... ...........................0<br />
21223........................ SAN ANTONIO........................ TX....... ............ 03/20/2001 .................. .............2,402,977 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,154 .......................... .......................... ...........................0<br />
21225........................ San Antonio............................. TX....... ............ 03/02/2001 .................. ...........14,077,667 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................238,493 .......................... .......................... ...........................0<br />
21226........................ Chino....................................... CA....... ............ 04/27/2001 .................. .............1,900,663 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,115 .......................... .......................... ...........................0<br />
21227........................ SIOUX FALLS......................... SD....... ............ 05/31/2001 .................. .............7,587,793 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................120,256 .......................... .......................... ...........................0<br />
21228........................ MIAMI...................................... FL........ ............ 01/29/2001 .................. .............2,449,985 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................35,235 .......................... .......................... ...........................0<br />
21233........................ SAN DIEGO............................. CA....... ............ 03/13/2001 .................. .............9,223,053 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................247,802 .......................... .......................... ...........................0<br />
21234........................ SHAWNEE.............................. KS....... ............ 05/16/2001 .................. .............3,626,867 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,905 .......................... .......................... ...........................0<br />
21237........................ LAS VEGAS............................ NV....... ............ 04/04/2002 .................. .............2,670,767 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,354 .......................... .......................... ...........................0<br />
21239........................ PORTLAND............................. OR...... ............ 08/10/2001 .................. ...........10,897,745 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................286,158 .......................... .......................... ...........................0<br />
21240........................ CHAPEL HILL......................... NC....... ............ 08/14/2001 .................. .............6,182,311 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,606 .......................... .......................... ...........................0<br />
21241........................ BOCA RATON......................... FL........ ............ 06/27/2001 .................. .............9,816,775 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................439,268 .......................... .......................... ...........................0<br />
21246........................ EDEN PRAIRIE....................... MN...... ............ 08/28/2001 .................. .............2,074,327 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................88,882 .......................... .......................... ...........................0<br />
21247........................ MIDDLETOWN........................ NY....... ............ 10/23/2001 .................. .............6,266,280 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................248,063 .......................... .......................... ...........................0<br />
21252........................ PELHAM.................................. AL....... ............ 10/11/2001 .................. .............2,661,816 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,372 .......................... .......................... ...........................0<br />
21253........................ PHOENIX................................ AZ....... ............ 08/16/2001 .................. .............3,135,921 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,585 .......................... .......................... ...........................0<br />
21256........................ MESA....................................... AZ....... ............ 09/25/2001 .................. ...........12,397,841 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................199,114 .......................... .......................... ...........................0<br />
21259........................ HANOVER PARK.................... IL......... ............ 11/30/2001 .................. .............2,263,340 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,162 .......................... .......................... ...........................0<br />
21261........................ BOYNTON BEACH................. FL........ ............ 12/31/2001 .................. ...........15,794,810 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................258,191 .......................... .......................... ...........................0<br />
21262........................ FAYETTEVILLE...................... NC....... ............ 01/24/2002 .................. .............4,437,028 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................187,545 .......................... .......................... ...........................0<br />
21263........................ ALBUQUERQUE..................... NM...... ............ 09/27/2001 .................. ...........13,080,517 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................221,046 .......................... .......................... ...........................0<br />
21265........................ SAN ANTONIO........................ TX....... ............ 12/18/2001 .................. ...........13,124,395 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................217,046 .......................... .......................... ...........................0<br />
21266........................ MIAMI...................................... FL........ ............ 12/28/2001 .................. .............5,610,060 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................228,029 .......................... .......................... ...........................0<br />
21272........................ KENNESAW............................ GA....... ............ 12/20/2001 .................. .............6,884,408 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................301,012 .......................... .......................... ...........................0<br />
21273........................ BALTIMORE............................ MD...... ............ 12/31/2001 .................. .............5,506,596 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................309,005 .......................... .......................... ...........................0<br />
21275........................ TUSTIN.................................... CA....... ............ 12/21/2001 .................. .............2,911,675 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................125,119 .......................... .......................... ...........................0<br />
21276........................ GREENSBORO....................... NC....... ............ 12/31/2001 .................. .............2,945,173 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,903 .......................... .......................... ...........................0<br />
21277........................ GREENSBORO....................... NC....... ............ 12/31/2001 .................. .............3,133,195 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................132,869 .......................... .......................... ...........................0<br />
22200........................ VIRGINIA BEACH................... VA....... ............ 07/25/2002 .................. ...........11,001,677 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,371 .......................... .......................... ...........................0<br />
22202........................ MARIETTA.............................. GA....... ............ 02/21/2002 .................. .............2,425,004 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,519 .......................... .......................... ...........................0<br />
22203........................ CYPRESS............................... CA....... ............ 04/29/2002 .................. .............6,767,747 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................165,291 .......................... .......................... ...........................0<br />
22204........................ CYPRESS............................... CA....... ............ 03/27/2002 .................. ...........10,807,129 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................266,052 .......................... .......................... ...........................0<br />
22208........................ KNOXVILLE............................. TN....... ............ 05/31/2002 .................. .............4,906,816 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................202,543 .......................... .......................... ...........................0<br />
22210........................ COLUMBIA.............................. SC....... ............ 03/28/2002 .................. .............3,865,570 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................162,527 .......................... .......................... ...........................0
E06.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
22211........................ CARLSBAD............................. CA....... ............ 08/09/2002 .................. .............4,992,031 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,029 .......................... .......................... ...........................0<br />
22212........................ HOUSTON............................... TX....... ............ 05/15/2002 .................. ...........15,195,695 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................381,747 .......................... .......................... ...........................0<br />
22213........................ VALLEY VIEW......................... OH...... ............ 05/31/2002 .................. .............3,053,851 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................24,681 .......................... .......................... ...........................0<br />
22214........................ ONTARIO................................ CA....... ............ 04/12/2002 .................. .............4,936,978 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................395,220 .......................... .......................... ...........................0<br />
22215........................ LOS ANGELES....................... CA....... ............ 05/16/2002 .................. .............4,600,212 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................358,114 .......................... .......................... ...........................0<br />
22217........................ PIGEON FORGE..................... TN....... ............ 12/06/2002 .................. .............3,482,653 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................129,240 .......................... .......................... ...........................0<br />
22218........................ CARLSBAD............................. CA....... ............ 06/26/2002 .................. .............3,452,556 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................80,923 .......................... .......................... ...........................0<br />
22219........................ IRWINDALE............................. CA....... ............ 06/24/2002 .................. .............4,168,708 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,066 .......................... .......................... ...........................0<br />
22221........................ BARTLETT.............................. TN....... ............ 06/12/2002 .................. .............6,397,732 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................253,805 .......................... .......................... ...........................0<br />
22222........................ MAITLAND.............................. FL........ ............ 07/03/2002 .................. .............2,091,363 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................48,682 .......................... .......................... ...........................0<br />
22224........................ EAGAN.................................... MN...... ............ 07/25/2002 .................. .............3,566,472 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,515 .......................... .......................... ...........................0<br />
22225........................ BLACKLICK............................. OH...... ............ 05/24/2002 .................. .............2,179,441 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,636 .......................... .......................... ...........................0<br />
22228........................ IRVINE..................................... CA....... ............ 07/10/2002 .................. ...........12,668,577 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................307,308 .......................... .......................... ...........................0<br />
22229........................ IRVINE..................................... CA....... ............ 07/10/2002 .................. .............5,519,921 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,889 .......................... .......................... ...........................0<br />
22230........................ IRVINE..................................... CA....... ............ 07/10/2002 .................. ...........12,668,577 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................307,308 .......................... .......................... ...........................0<br />
22231........................ ALEXANDRIA.......................... VA....... ............ 10/30/2002 .................. .............3,560,063 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................244,933 .......................... .......................... ...........................0<br />
22240........................ MEMPHIS................................ TN....... ............ 10/03/2002 .................. .............4,844,498 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,798 .......................... .......................... ...........................0<br />
22241........................ TUCSON................................. AZ....... ............ 11/12/2002 .................. .............6,868,672 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................174,465 .......................... .......................... ...........................0<br />
22244........................ YORKVILLE............................. IL......... ............ 12/20/2002 .................. ...........11,469,024 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................201,338 .......................... .......................... ...........................0<br />
22250........................ LEWISVILLE............................ TX....... ............ 10/18/2002 .................. .............1,793,433 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................48,499 .......................... .......................... ...........................0<br />
22251........................ DENVER.................................. CO...... ............ 11/22/2002 .................. .............2,728,791 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................93,877 .......................... .......................... ...........................0<br />
22253........................ BLOOMINGTON..................... IN........ ............ 12/31/2002 .................. .............5,562,196 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................152,924 .......................... .......................... ...........................0<br />
22255........................ MEMPHIS................................ TN....... ............ 12/10/2002 .................. .............5,364,395 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................137,040 .......................... .......................... ...........................0<br />
23201........................ Houston................................... TX....... ............ 02/13/2003 .................. .............2,313,462 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,838 .......................... .......................... ...........................0<br />
23202........................ PHOENIX................................ AZ....... ............ 06/05/2003 .................. .............2,339,592 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................41,627 .......................... .......................... ...........................0<br />
23204........................ LEAWOOD.............................. KS....... ............ 06/05/2003 .................. .............6,731,313 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................277,333 .......................... .......................... ...........................0<br />
23206........................ HENDERSON......................... NV....... ............ 04/23/2003 .................. .............2,525,478 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,770 .......................... .......................... ...........................0<br />
23208........................ RALEIGH................................. NC....... ............ 08/06/2003 .................. .............4,673,113 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................21,590 .......................... .......................... ...........................0<br />
23210........................ FORT MYERS......................... FL........ ............ 05/06/2004 .................. .............7,723,762 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................280,981 .......................... .......................... ...........................0<br />
23211........................ PORTLAND............................. OR...... ............ 08/19/2003 .................. .............3,513,969 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................349,221 .......................... .......................... ...........................0<br />
23212........................ RANCHO SANTA MARGARITACA....... ............ 07/24/2003 .................. .............7,675,581 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................195,232 .......................... .......................... ...........................0<br />
23213........................ LAKE FOREST........................ CA....... ............ 07/24/2003 .................. .............1,439,194 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................36,600 .......................... .......................... ...........................0<br />
23214........................ LAKE FOREST........................ CA....... ............ 07/24/2003 .................. .............1,439,194 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................36,600 .......................... .......................... ...........................0<br />
23217........................ LAS VEGAS............................ NV....... ............ 07/31/2003 .................. .............8,874,398 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................223,072 .......................... .......................... ...........................0<br />
23218........................ COLUMBIA.............................. TN....... ............ 10/23/2003 .................. .............2,633,031 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................58,660 .......................... .......................... ...........................0<br />
23222........................ UPLAND.................................. CA....... ............ 08/29/2003 .................. .............2,366,404 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,693 .......................... .......................... ...........................0<br />
23223........................ VANCOUVER.......................... WA...... ............ 07/24/2003 .................. .............9,813,336 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................182,458 .......................... .......................... ...........................0<br />
23225........................ ELLICOTT CITY...................... MD...... ............ 08/29/2003 .................. ...........14,161,776 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................387,535 .......................... .......................... ...........................0<br />
23230........................ UPLAND.................................. CA....... ............ 09/23/2003 .................. .............2,035,594 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................58,174 .......................... .......................... ...........................0<br />
23231........................ MEMPHIS................................ TN....... ............ 07/28/2003 .................. .............7,565,235 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................553,701 .......................... .......................... ...........................0<br />
23234........................ BAKERSFIELD........................ CA....... ............ 09/18/2003 .................. .............3,389,726 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................227,275 .......................... .......................... ...........................0<br />
23235........................ TUCSON................................. AZ....... ............ 10/22/2003 .................. .............5,356,418 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................150,542 .......................... .......................... ...........................0<br />
23238........................ VIRGINIA BEACH................... VA....... ............ 10/14/2003 .................. .............2,848,829 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................262,577 .......................... .......................... ...........................0<br />
23248........................ ORO VALLEY.......................... AZ....... ............ 10/15/2003 .................. ...........14,177,435 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................234,166 .......................... .......................... ...........................0<br />
23249........................ MEDIA..................................... PA....... ............ 12/12/2003 .................. .............6,997,261 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,308 .......................... .......................... ...........................0<br />
23250........................ CHARLOTTE........................... NC....... ............ 06/21/2004 .................. .............3,353,612 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,692 .......................... .......................... ...........................0<br />
23252........................ WINCHESTER........................ VA....... ............ 12/01/2003 .................. .............2,568,926 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................376,484 .......................... .......................... ...........................0<br />
23253........................ BOULDER............................... CO...... ............ 12/11/2003 .................. .............6,066,209 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................232,644 .......................... .......................... ...........................0<br />
23257........................ BRENTWOOD......................... MO...... ............ 12/16/2003 .................. .............4,616,105 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,094 .......................... .......................... ...........................0<br />
23258........................ EDWARDSVILLE.................... IL......... ............ 12/16/2003 .................. .............5,481,618 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,865 .......................... .......................... ...........................0
E06.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
23260........................ DES PERES............................ MO...... ............ 12/16/2003 .................. .............5,000,764 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................108,445 .......................... .......................... ...........................0<br />
23261........................ EVANSVILLE.......................... IN........ ............ 12/16/2003 .................. .............5,481,618 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,865 .......................... .......................... ...........................0<br />
23262........................ LADUE..................................... MO...... ............ 12/16/2003 .................. .............8,174,329 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................177,263 .......................... .......................... ...........................0<br />
23267........................ TOWN COUNTRY.................. MO...... ............ 12/16/2003 .................. .............7,693,500 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,828 .......................... .......................... ...........................0<br />
23270........................ TAMPA.................................... FL........ ............ 02/23/2004 .................. ...........11,405,870 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................464,531 .......................... .......................... ...........................0<br />
24200........................ OKLAHOMA CITY................... OK....... ............ 03/19/2004 .................. .............7,468,953 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................519,059 .......................... .......................... ...........................0<br />
24201........................ FARMINGTON HILLS............. MI........ ............ 02/04/2004 .................. .............2,964,711 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................70,936 .......................... .......................... ...........................0<br />
24202........................ CHULA VISTA......................... CA....... ............ 04/13/2004 .................. .............6,162,767 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,728 .......................... .......................... ...........................0<br />
24211........................ TIMONIUM.............................. MD...... ............ 10/18/2004 .................. .............9,303,197 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................209,101 .......................... .......................... ...........................0<br />
24212........................ OVERLAND PARK.................. KS....... ............ 04/05/2004 .................. .............6,654,690 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................168,772 .......................... .......................... ...........................0<br />
24214........................ HUNTERSVILLE..................... NC....... ............ 03/31/2005 .................. .............8,863,081 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................225,216 .......................... .......................... ...........................0<br />
24215........................ PEPPER PIKE......................... OH...... ............ 09/03/2004 .................. .............5,549,661 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................193,180 .......................... .......................... ...........................0<br />
24232........................ CHARLOTTE........................... NC....... ............ 07/30/2004 .................. .............4,202,477 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,190 .......................... .......................... ...........................0<br />
24233........................ PASADENA............................. CA....... ............ 06/07/2004 .................. ...........23,232,229 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................572,271 .......................... .......................... ...........................0<br />
24241........................ TORRANCE............................ CA....... ............ 08/16/2004 .................. ...........10,266,778 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................248,313 .......................... .......................... ...........................0<br />
24242........................ MILLERSVILLE....................... MD...... ............ 07/29/2004 .................. .............4,973,276 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................179,550 .......................... .......................... ...........................0<br />
24243........................ OVERLAND PARK.................. KS....... ............ 07/13/2004 .................. .............7,879,447 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................280,594 .......................... .......................... ...........................0<br />
24244........................ LENEXA.................................. KS....... ............ 07/07/2004 .................. .............3,788,739 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................137,247 .......................... .......................... ...........................0<br />
24245........................ TUCSON................................. AZ....... ............ 12/16/2004 .................. ...........13,783,367 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................470,002 .......................... .......................... ...........................0<br />
24246........................ ARBUTUS............................... MD...... ............ 08/02/2004 .................. .............1,874,468 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,908 .......................... .......................... ...........................0<br />
24247........................ FOX RIVER GROVE............... IL......... ............ 11/17/2004 .................. .............4,175,200 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,602 .......................... .......................... ...........................0<br />
24252........................ TUCSON................................. AZ....... ............ 09/28/2004 .................. .............3,028,661 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,259 .......................... .......................... ...........................0<br />
24253........................ LUTHERVILLE........................ MD...... ............ 09/29/2004 .................. ...........12,313,580 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................275,708 .......................... .......................... ...........................0<br />
24254........................ VANCOUVER.......................... WA...... ............ 09/30/2004 .................. .............5,158,403 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................404,612 .......................... .......................... ...........................0<br />
24255........................ WEST PALM BEACH.............. FL........ ............ 12/30/2004 .................. .............6,321,231 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................189,701 .......................... .......................... ...........................0<br />
24256........................ LA MIRADA............................. CA....... ............ 10/29/2004 .................. .............2,246,047 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................33,714 .......................... .......................... ...........................0<br />
24257........................ SANTA FE SPRINGS............. CA....... ............ 11/04/2004 .................. .............3,445,294 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................51,413 .......................... .......................... ...........................0<br />
24259........................ CORONA................................. CA....... ............ 10/22/2004 .................. .............7,646,102 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................114,776 .......................... .......................... ...........................0<br />
24260........................ ONTARIO................................ CA....... ............ 10/22/2004 .................. .............4,969,975 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,602 .......................... .......................... ...........................0<br />
24262........................ BELLINGHAM......................... WA...... ............ 10/26/2004 .................. .............6,109,158 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,485 .......................... .......................... ...........................0<br />
24267........................ HARRISBURG........................ NC....... ............ 12/30/2004 .................. ...........11,194,541 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................173,536 .......................... .......................... ...........................0<br />
24273........................ ALBUQUERQUE..................... NM...... ............ 11/30/2004 .................. ...........10,533,983 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................173,354 .......................... .......................... ...........................0<br />
24276........................ ATLANTA................................ GA....... ............ 12/22/2004 .................. .............8,788,806 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,060 .......................... .......................... ...........................0<br />
24277........................ KANSAS CITY......................... MO...... ............ 11/08/2004 .................. .............8,270,166 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................307,365 .......................... .......................... ...........................0<br />
24278........................ SEATTLE................................. WA...... ............ 12/16/2004 .................. ...........10,165,193 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,024 .......................... .......................... ...........................0<br />
24279........................ VANCOUVER.......................... WA...... ............ 12/09/2004 .................. ...........11,380,824 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................415,996 .......................... .......................... ...........................0<br />
24282........................ POMPANO BEACH................ FL........ ............ 12/31/2004 .................. .............2,928,327 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,072 .......................... .......................... ...........................0<br />
24283........................ SOUTH MIAMI......................... FL........ ............ 02/18/2005 .................. .............7,203,124 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,336 .......................... .......................... ...........................0<br />
25201........................ BRENTWOOD......................... TN....... ............ 09/06/2005 .................. ...........18,164,268 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................262,307 .......................... .......................... ...........................0<br />
25203........................ ELLICOTT CITY...................... MD...... ............ 12/20/2004 .................. ...........12,064,116 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................281,631 .......................... .......................... ...........................0<br />
25204........................ WILLIAMSBURG..................... VA....... ............ 10/17/2005 .................. ...........14,040,426 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................294,411 .......................... .......................... ...........................0<br />
25207........................ RICHMOND............................. VA....... ............ 03/02/2005 .................. .............7,794,279 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................283,316 .......................... .......................... ...........................0<br />
25209........................ WINSTON SALEM.................. NC....... ............ 02/18/2005 .................. .............5,858,215 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................137,716 .......................... .......................... ...........................0<br />
25212........................ IRVING.................................... TX....... ............ 05/26/2005 .................. .............8,248,666 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................311,535 .......................... .......................... ...........................0<br />
25213........................ TUCSON................................. AZ....... ............ 03/08/2005 .................. .............1,404,086 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................38,846 .......................... .......................... ...........................0<br />
25214........................ LOS ANGELES....................... CA....... ............ 03/31/2005 .................. .............2,310,161 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................37,247 .......................... .......................... ...........................0<br />
25221........................ GRAND RAPIDS..................... MI........ ............ 04/01/2005 .................. .............4,510,850 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................161,079 .......................... .......................... ...........................0<br />
25229........................ MT. PLEASANT...................... SC....... ............ 06/09/2005 .................. ...........18,588,182 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................294,247 .......................... .......................... ...........................0<br />
25235........................ ST CHARLES.......................... IL......... ............ 04/29/2005 .................. .............3,989,037 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,931 .......................... .......................... ...........................0<br />
25237........................ CYPRESS............................... CA....... ............ 04/29/2005 .................. ...........14,212,850 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................335,353 .......................... .......................... ...........................0
E06.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
25239........................ TINLEY PARK......................... IL......... ............ 03/31/2005 .................. .............5,278,751 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,524 .......................... .......................... ...........................0<br />
25242........................ TINLEY PARK......................... IL......... ............ 03/31/2005 .................. .............5,013,608 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,178 .......................... .......................... ...........................0<br />
25245........................ THE COLONY......................... TX....... ............ 06/23/2005 .................. .............5,290,665 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,221 .......................... .......................... ...........................0<br />
25249........................ LAS VEGAS............................ NV....... ............ 06/02/2005 .................. .............2,290,523 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................50,049 .......................... .......................... ...........................0<br />
25251........................ PORTLAND............................. OR...... ............ 05/31/2005 .................. ...........18,139,122 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................258,490 .......................... .......................... ...........................0<br />
25252........................ PORTLAND............................. OR...... ............ 05/31/2005 .................. ...........22,061,089 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................314,383 .......................... .......................... ...........................0<br />
25255........................ LAKEVILLE.............................. MN...... ............ 11/15/2005 .................. ...........10,642,342 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................350,429 .......................... .......................... ...........................0<br />
25258........................ HOUSTON............................... TX....... ............ 07/28/2005 .................. .............4,766,919 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,728 .......................... .......................... ...........................0<br />
25259........................ KINGSPORT........................... TN....... ............ 09/26/2005 .................. .............3,679,868 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,752 .......................... .......................... ...........................0<br />
25260........................ REISTERTOWN...................... MD...... ............ 07/29/2005 .................. .............9,514,043 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................220,492 .......................... .......................... ...........................0<br />
25262........................ VANCOUVER.......................... WA...... ............ 07/28/2005 .................. .............4,612,765 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,640 .......................... .......................... ...........................0<br />
25263........................ ELLOCOTT CITY.................... MD...... ............ 07/29/2005 .................. ...........11,124,853 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................176,077 .......................... .......................... ...........................0<br />
25264........................ VANCOUVER.......................... WA...... ............ 07/28/2005 .................. ...........10,157,894 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,359 .......................... .......................... ...........................0<br />
25266........................ WHITTIER............................... CA....... ............ 07/29/2005 .................. .............5,506,386 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................90,531 .......................... .......................... ...........................0<br />
25267........................ ALHAMBRA............................. CA....... ............ 09/14/2005 .................. .............9,086,647 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................207,675 .......................... .......................... ...........................0<br />
25268........................ SAN DIEGO............................. CA....... ............ 09/01/2005 .................. .............8,953,544 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,391 .......................... .......................... ...........................0<br />
25269........................ FRISCO................................... TX....... ............ 08/01/2005 .................. ...........10,542,515 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................172,920 .......................... .......................... ...........................0<br />
25271........................ CHARLOTTESVILLE.............. VA....... ............ 09/09/2005 .................. ...........10,522,716 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,372 .......................... .......................... ...........................0<br />
25272........................ SAVANNAH............................. GA....... ............ 08/31/2005 .................. .............4,496,149 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,360 .......................... .......................... ...........................0<br />
25275........................ DENVER.................................. CO...... ............ 09/26/2005 .................. .............3,508,051 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................121,389 .......................... .......................... ...........................0<br />
25276........................ NORCROSS............................ GA....... ............ 09/16/2005 .................. .............1,494,698 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................51,140 .......................... .......................... ...........................0<br />
25281........................ SANTA FE SPRINGS............. CA....... ............ 08/31/2005 .................. .............6,278,040 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,881 .......................... .......................... ...........................0<br />
25283........................ BELLEVUE.............................. WA...... ............ 09/29/2005 .................. .............4,393,999 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,467 .......................... .......................... ...........................0<br />
25287........................ SANTA CLARA....................... CA....... ............ 12/29/2005 .................. .............1,673,705 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,271 .......................... .......................... ...........................0<br />
25290........................ CHARLOTTE........................... NC....... ............ 12/01/2005 .................. .............4,180,245 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,961 .......................... .......................... ...........................0<br />
25296........................ OCEANSIDE........................... CA....... ............ 12/20/2005 .................. .............9,136,314 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................205,164 .......................... .......................... ...........................0<br />
25297........................ OVERLAND PARK.................. KS....... ............ 11/22/2005 .................. .............9,503,624 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................214,761 .......................... .......................... ...........................0<br />
25300........................ SCOTTSDALE........................ AZ....... ............ 12/22/2005 .................. .............2,967,017 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,101 .......................... .......................... ...........................0<br />
25301........................ WICHITA.................................. KS....... ............ 12/28/2005 .................. .............2,129,399 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,354 .......................... .......................... ...........................0<br />
25302........................ ALPHARETTA......................... GA....... ............ 12/30/2005 .................. .............8,268,296 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................125,912 .......................... .......................... ...........................0<br />
25303........................ BENSONVILLE....................... IL......... ............ 11/29/2005 .................. .............3,367,630 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,145 .......................... .......................... ...........................0<br />
25304........................ ALEXANDRIA.......................... VA....... ............ 12/28/2005 .................. .............4,333,764 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,116 .......................... .......................... ...........................0<br />
25306........................ KIRKLAND............................... WA...... ............ 12/22/2005 .................. .............9,461,089 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................305,724 .......................... .......................... ...........................0<br />
26200........................ SACRAMENTO....................... CA....... ............ 03/14/2006 .................. .............5,807,249 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,550 .......................... .......................... ...........................0<br />
26204........................ CLEARWATER....................... FL........ ............ 02/22/2006 .................. .............3,141,753 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,113 .......................... .......................... ...........................0<br />
26207........................ OAK CREEK............................ WI....... ............ 04/28/2006 .................. .............3,824,827 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,257 .......................... .......................... ...........................0<br />
26208........................ LONGMONT............................ CO...... ............ 05/01/2006 .................. .............2,038,602 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................41,815 .......................... .......................... ...........................0<br />
26209........................ VERON HILLS......................... IL......... ............ 03/29/2006 .................. .............2,248,894 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................33,053 .......................... .......................... ...........................0<br />
26210........................ PORTLAND............................. OR...... ............ 03/07/2006 .................. .............1,431,139 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................44,678 .......................... .......................... ...........................0<br />
26211........................ STERLING............................... VA....... ............ 03/29/2006 .................. .............4,283,918 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,441 .......................... .......................... ...........................0<br />
26212........................ PHOENIX................................ AZ....... ............ 03/10/2006 .................. .............2,709,654 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................58,355 .......................... .......................... ...........................0<br />
26214........................ SMITHFIELD........................... NC....... ............ 05/01/2006 .................. .............3,154,701 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................59,334 .......................... .......................... ...........................0<br />
26215........................ LAKE WORTH......................... FL........ ............ 11/07/2006 .................. .............8,132,354 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................231,554 .......................... .......................... ...........................0<br />
26216........................ CAMARILLO............................ CA....... ............ 04/18/2006 .................. .............3,427,220 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,478 .......................... .......................... ...........................0<br />
26217........................ HOUSTON............................... TX....... ............ 04/24/2006 .................. .............3,957,905 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................199,085 .......................... .......................... ...........................0<br />
26219........................ MIAMI...................................... FL........ ............ 04/25/2006 .................. .............4,778,112 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................163,791 .......................... .......................... ...........................0<br />
26220........................ KANSAS CITY......................... MO...... ............ 03/15/2006 .................. .............2,723,476 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,862 .......................... .......................... ...........................0<br />
26225........................ BATTLE CREEK..................... MI........ ............ 05/25/2006 .................. .............4,375,312 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,400 .......................... .......................... ...........................0<br />
26226........................ LA QUINTA.............................. CA....... ............ 05/30/2006 .................. .............6,371,575 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,909 .......................... .......................... ...........................0<br />
26227........................ CARLSBAD............................. CA....... ............ 03/31/2006 .................. .............6,573,683 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,803 .......................... .......................... ...........................0
E06.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
26228........................ RANCHO CUCAMONGA........ CA....... ............ 05/10/2006 .................. .............3,696,084 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,590 .......................... .......................... ...........................0<br />
26229........................ KNOXVILLE............................. TN....... ............ 06/16/2006 .................. .............4,519,780 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................136,718 .......................... .......................... ...........................0<br />
26230........................ SMYRNA................................. GA....... ............ 04/28/2006 .................. .............4,661,698 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,311 .......................... .......................... ...........................0<br />
26231........................ ANNAPOLIS............................ MD...... ............ 06/21/2006 .................. .............7,489,732 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................150,947 .......................... .......................... ...........................0<br />
26232........................ ANNAPOLIS............................ MD...... ............ 06/21/2006 .................. ...........13,228,617 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................266,607 .......................... .......................... ...........................0<br />
26233........................ LIVONIA................................... MI........ ............ 06/29/2006 .................. .............3,899,345 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,460 .......................... .......................... ...........................0<br />
26235........................ ROSWELL............................... GA....... ............ 05/26/2006 .................. .............5,108,521 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................101,677 .......................... .......................... ...........................0<br />
26238........................ NORCROSS............................ GA....... ............ 05/23/2006 .................. ...........16,900,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................169,354 .......................... .......................... ...........................0<br />
26239........................ BEAVERTON.......................... OR...... ............ 06/30/2006 .................. .............6,296,105 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................306,880 .......................... .......................... ...........................0<br />
26241........................ ONTARIO................................ CA....... ............ 06/29/2006 .................. ...........12,288,570 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................160,837 .......................... .......................... ...........................0<br />
26244........................ COSTA MESA......................... CA....... ............ 07/31/2006 .................. .............4,332,592 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................127,410 .......................... .......................... ...........................0<br />
26245........................ WOODBRIDGE....................... VA....... ............ 08/01/2006 .................. .............7,314,034 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................129,309 .......................... .......................... ...........................0<br />
26246........................ OPA LOCKA............................ FL........ ............ 08/24/2006 .................. .............2,544,505 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................47,660 .......................... .......................... ...........................0<br />
26247........................ LAS VEGAS............................ NV....... ............ 09/28/2006 .................. ...........12,815,226 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................169,105 .......................... .......................... ...........................0<br />
26253........................ LAVISTA.................................. NE....... ............ 11/17/2006 .................. .............5,259,405 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................149,594 .......................... .......................... ...........................0<br />
26254........................ TUALATIN............................... OR...... ............ 10/11/2006 .................. .............2,073,527 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................26,089 .......................... .......................... ...........................0<br />
26255........................ CORONA................................. CA....... ............ 09/20/2006 .................. .............5,374,537 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,168 .......................... .......................... ...........................0<br />
26256........................ WALNUT................................. CA....... ............ 09/28/2006 .................. .............8,327,023 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................158,479 .......................... .......................... ...........................0<br />
26259........................ PHOENIX................................ AZ....... ............ 10/10/2006 .................. .............6,367,517 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................121,365 .......................... .......................... ...........................0<br />
26260........................ MIAMI...................................... FL........ ............ 08/21/2006 .................. .............3,385,197 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................106,958 .......................... .......................... ...........................0<br />
26262........................ LENEXA.................................. KS....... ............ 10/10/2006 .................. .............4,036,428 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,658 .......................... .......................... ...........................0<br />
26263........................ JACKSONVILLE...................... FL........ ............ 01/08/2007 .................. .............9,653,482 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................122,526 .......................... .......................... ...........................0<br />
26264........................ SILVER SPRING..................... MD...... ............ 10/20/2006 .................. .............3,138,503 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,441 .......................... .......................... ...........................0<br />
26266........................ OMAHA.................................... NE....... ............ 12/21/2006 .................. .............5,704,749 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................109,984 .......................... .......................... ...........................0<br />
26268........................ CONCORD.............................. CA....... ............ 10/03/2006 .................. .............5,589,471 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................108,565 .......................... .......................... ...........................0<br />
26270........................ RANDALLSTOWN.................. MD...... ............ 11/21/2006 .................. .............3,928,588 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,802 .......................... .......................... ...........................0<br />
26271........................ LOS ANGELES....................... CA....... ............ 12/27/2006 .................. .............2,271,114 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................30,631 .......................... .......................... ...........................0<br />
26273........................ ROSEVILLE............................. CA....... ............ 01/19/2007 .................. .............9,357,673 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................180,268 .......................... .......................... ...........................0<br />
26275........................ HUTTO.................................... TX....... ............ 12/15/2006 .................. .............2,655,124 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................51,778 .......................... .......................... ...........................0<br />
26276........................ ORLANDO............................... FL........ ............ 01/04/2007 .................. .............6,633,620 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................192,188 .......................... .......................... ...........................0<br />
26277........................ LAS VEGAS............................ NV....... ............ 12/08/2006 .................. .............3,934,897 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,216 .......................... .......................... ...........................0<br />
28357........................ SULPHUR............................... LA....... ............ 01/07/1985 .................. .............1,111,419 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,819 .......................... .......................... ...........................0<br />
48200........................ RIDGEFIELD PARK................ NJ....... ............ 03/20/1989 .................. ...........31,183,248 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. .............1,157,374 .......................... .......................... ...........................0<br />
78200........................ FAYETTEVILLE...................... NC....... ............ 12/27/1977 .................. ................643,097 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,711 .......................... .......................... ...........................0<br />
85209........................ BROOKHAVEN....................... MS...... ............ 12/03/1985 .................. ................728,693 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,011 .......................... .......................... ...........................0<br />
86000........................ OVERLAND PARK.................. KS....... ............ 04/24/1986 .................. ................530,612 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................125,108 .......................... .......................... ...........................0<br />
88006........................ KNOXVILLE............................. TN....... ............ 12/15/1988 .................. ................341,016 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,759 .......................... .......................... ...........................0<br />
88204........................ GREENVILLE.......................... NC....... ............ 06/28/1988 .................. ................298,001 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,538 .......................... .......................... ...........................0<br />
88209........................ TEMPE.................................... AZ....... ............ 08/31/1988 .................. ................169,199 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................156,959 .......................... .......................... ...........................0<br />
89003........................ NEWPORT.............................. TN....... ............ 10/31/1989 .................. ................999,562 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................109,322 .......................... .......................... ...........................0<br />
89202........................ GREENSBORO....................... NC....... ............ 04/19/1989 .................. ................319,129 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................219,978 .......................... .......................... ...........................0<br />
90212........................ SAN FRANCISCO................... CA....... ............ 05/31/1990 .................. ................519,683 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................88,761 .......................... .......................... ...........................0<br />
90235........................ MECHANICSBURG................ PA....... ............ 12/31/1990 .................. .............3,140,202 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................417,550 .......................... .......................... ...........................0<br />
91218........................ MILLEDGEVILLE.................... GA....... ............ 07/31/1991 .................. ................490,796 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................185,643 .......................... .......................... ...........................0<br />
92224........................ PORTAGE............................... MI........ ............ 03/23/1993 .................. ................481,986 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................78,627 .......................... .......................... ...........................0<br />
93206........................ MEMPHIS................................ TN....... ............ 05/20/1993 .................. ................754,528 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,323 .......................... .......................... ...........................0<br />
93211........................ MONTGOMERY...................... AL....... ............ 12/02/1992 .................. ................206,430 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,770 .......................... .......................... ...........................0<br />
93213........................ WARNER ROBBINS............... GA....... ............ 10/31/1993 .................. ................773,834 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................103,069 .......................... .......................... ...........................0<br />
93214........................ BENTON HARBOR................. MI........ ............ 01/25/1993 .................. ................480,419 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,470 .......................... .......................... ...........................0<br />
93216........................ GOOSE CREEK...................... SC....... ............ 05/18/1993 .................. .............1,416,948 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................170,927 .......................... .......................... ...........................0
E06.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
93225........................ SAN ANTONIO........................ TX....... ............ 04/22/1993 .................. ................738,751 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................110,759 .......................... .......................... ...........................0<br />
93229........................ FLORENCE............................. SC....... ............ 01/31/1994 .................. ................928,507 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,731 .......................... .......................... ...........................0<br />
93247........................ SAN ANTONIO........................ TX....... ............ 05/26/1994 .................. ................557,394 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,299 .......................... .......................... ...........................0<br />
93248........................ LAKE JACKSON..................... TX....... ............ 11/23/1993 .................. ................663,951 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,982 .......................... .......................... ...........................0<br />
93250........................ FLORENCE............................. SC....... ............ 11/23/1993 .................. .............1,097,552 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................155,385 .......................... .......................... ...........................0<br />
94209........................ LAKE CHARLES..................... LA....... ............ 06/27/1994 .................. ................802,088 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................93,611 .......................... .......................... ...........................0<br />
94210........................ LAWRENCEVILLE.................. GA....... ............ 07/27/1994 .................. .............2,141,341 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................252,163 .......................... .......................... ...........................0<br />
94211........................ COLUMBUS............................ GA....... ............ 08/19/1994 .................. .............2,240,274 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................279,230 .......................... .......................... ...........................0<br />
94222........................ FAYETTEVILLE...................... NC....... ............ 09/26/1994 .................. .............1,846,078 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,762 .......................... .......................... ...........................0<br />
94223........................ ZEBULON................................ NC....... ............ 11/23/1993 .................. ................792,693 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................102,392 .......................... .......................... ...........................0<br />
94228........................ ATHENS.................................. GA....... ............ 04/07/1994 .................. .............1,231,510 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................155,522 .......................... .......................... ...........................0<br />
94233........................ JACKSON,............................... TN....... ............ 06/07/1994 .................. ................652,659 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................112,709 .......................... .......................... ...........................0<br />
94235........................ CORNELIUS............................ NC....... ............ 03/31/1994 .................. .............1,817,333 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................229,154 .......................... .......................... ...........................0<br />
94237........................ DENVER.................................. CO...... ............ 08/31/1994 .................. ................774,912 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................90,896 .......................... .......................... ...........................0<br />
94239........................ OAKDALE................................ MN...... ............ 07/20/1994 .................. ................767,524 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,489 .......................... .......................... ...........................0<br />
94242........................ MONROE................................ NC....... ............ 03/31/1994 .................. .............1,231,543 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................155,520 .......................... .......................... ...........................0<br />
94243........................ PHOENIX................................ AZ....... ............ 10/27/1994 .................. ................793,574 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,864 .......................... .......................... ...........................0<br />
94244........................ PEMBROKE PINES................ FL........ ............ 06/27/1995 .................. .............2,085,242 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................210,258 .......................... .......................... ...........................0<br />
94245........................ PIKESVILLE............................ MD...... ............ 05/06/1994 .................. ................356,162 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................247,167 .......................... .......................... ...........................0<br />
94249........................ PANAMA CITY........................ FL........ ............ 03/22/1995 .................. .............1,926,465 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,535 .......................... .......................... ...........................0<br />
94250........................ KNOXVILLE............................. TN....... ............ 07/28/1994 .................. .............9,581,903 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................750,984 .......................... .......................... ...........................0<br />
94251........................ LAKE CHARLES..................... LA....... ............ 11/28/1994 .................. ................685,737 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,756 .......................... .......................... ...........................0<br />
94256........................ DENVER.................................. CO...... ............ 08/26/1994 .................. .............4,433,039 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,541 .......................... .......................... ...........................0<br />
94260........................ HIGH POINT............................ NC....... ............ 10/31/1994 .................. .............1,856,428 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................205,174 .......................... .......................... ...........................0<br />
94265........................ CLARKSVILLE........................ IN........ ............ 12/15/1994 .................. ................886,214 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................421,521 .......................... .......................... ...........................0<br />
95203........................ ALCOA..................................... TN....... ............ 05/31/1995 .................. .............1,165,378 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,475 .......................... .......................... ...........................0<br />
95204........................ BURLINGTON......................... NC....... ............ 06/30/1995 .................. .............2,827,608 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................272,277 .......................... .......................... ...........................0<br />
95207........................ BOONE.................................... NC....... ............ 05/31/1995 .................. .............1,748,100 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................173,618 .......................... .......................... ...........................0<br />
95209........................ OAK RIDGE............................. TN....... ............ 10/31/1995 .................. ................743,410 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,825 .......................... .......................... ...........................0<br />
95212........................ ARVADA.................................. CO...... ............ 05/15/1995 .................. ................711,255 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,977 .......................... .......................... ...........................0<br />
95217........................ GROVE CITY.......................... OH...... ............ 03/09/1995 .................. .............5,830,632 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................616,002 .......................... .......................... ...........................0<br />
95219........................ MINNETONKA........................ MN...... ............ 03/31/1995 .................. .............1,446,143 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................219,288 .......................... .......................... ...........................0<br />
95220........................ LAURENS................................ SC....... ............ 11/16/1995 .................. ................900,106 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................80,109 .......................... .......................... ...........................0<br />
95221........................ MANNING................................ SC....... ............ 11/22/1995 .................. .............1,278,157 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,201 .......................... .......................... ...........................0<br />
95222........................ BOGART................................. GA....... ............ 03/23/1995 .................. .............1,170,269 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,989 .......................... .......................... ...........................0<br />
95227........................ SANDY.................................... UT....... ............ 04/20/1995 .................. .............3,534,990 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................350,304 .......................... .......................... ...........................0<br />
95228........................ BROOKNEAL.......................... VA....... ............ 07/05/1995 .................. ................701,616 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,290 .......................... .......................... ...........................0<br />
95229........................ KEYSVILLE............................. VA....... ............ 07/05/1995 .................. ................963,319 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,369 .......................... .......................... ...........................0<br />
95237........................ NORTH FT. MYERS............... FL........ ............ 07/31/1995 .................. .............2,893,404 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................283,212 .......................... .......................... ...........................0<br />
95244........................ BARDSTOWN......................... KY....... ............ 10/13/1995 .................. .............1,458,826 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,435 .......................... .......................... ...........................0<br />
95246........................ WILMINGTON......................... NC....... ............ 09/13/1995 .................. ................757,392 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................256,801 .......................... .......................... ...........................0<br />
95257........................ PINELLAS PARK.................... FL........ ............ 11/08/1995 .................. ................341,185 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................171,302 .......................... .......................... ...........................0<br />
95258........................ COLUMBUS............................ GA....... ............ 12/28/1995 .................. .............1,396,378 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................164,600 .......................... .......................... ...........................0<br />
95261........................ COLUMBIA.............................. SC....... ............ 01/26/1996 .................. .............1,951,196 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................541,873 .......................... .......................... ...........................0<br />
95262........................ GAITHERSBURG.................... MD...... ............ 12/21/1995 .................. ................370,523 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................110,714 .......................... .......................... ...........................0<br />
95265........................ RALEIGH................................. NC....... ............ 11/01/1995 .................. .............7,770,055 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................8,646 .......................... .......................... ...........................0<br />
95267........................ GREENSBORO....................... NC....... ............ 11/30/1995 .................. .............3,369,252 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................316,426 .......................... .......................... ...........................0<br />
96201........................ DURHAM................................. NC....... ............ 05/02/1996 .................. .............1,838,148 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................151,222 .......................... .......................... ...........................0<br />
96202........................ MARIETTA.............................. GA....... ............ 02/14/1996 .................. .............3,752,589 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................339,394 .......................... .......................... ...........................0<br />
96203........................ HUNTSVILLE.......................... AL....... ............ 07/31/1996 .................. .............2,352,176 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................182,499 .......................... .......................... ...........................0
E06.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
96204........................ MORRISVILLE........................ PA....... ............ 04/01/1997 .................. .............4,376,583 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................317,062 .......................... .......................... ...........................0<br />
96205........................ CHATTANOOGA..................... TN....... ............ 09/27/1996 .................. .............1,847,524 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................149,158 .......................... .......................... ...........................0<br />
96206........................ HIGH POINT............................ NC....... ............ 02/13/1996 .................. ................678,592 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................61,082 .......................... .......................... ...........................0<br />
96210........................ PEORIA................................... AZ....... ............ 02/29/1996 .................. .............1,213,453 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................341,494 .......................... .......................... ...........................0<br />
96212........................ LOUDON................................. TN....... ............ 04/19/1996 .................. .............1,186,574 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,879 .......................... .......................... ...........................0<br />
96215........................ GREENVILLE.......................... SC....... ............ 09/18/1996 .................. .............2,289,864 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................189,372 .......................... .......................... ...........................0<br />
96219........................ PHOENIZ................................. AZ....... ............ 03/29/1996 .................. .............2,898,814 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................260,267 .......................... .......................... ...........................0<br />
96220........................ GILBERT................................. AZ....... ............ 03/29/1996 .................. .............2,540,080 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................228,085 .......................... .......................... ...........................0<br />
96221........................ GAITHERSBURG.................... MD...... ............ 03/01/1996 .................. .............1,288,405 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................363,068 .......................... .......................... ...........................0<br />
96224........................ WAKE FOREST...................... NC....... ............ 05/17/1996 .................. .............3,059,437 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................264,742 .......................... .......................... ...........................0<br />
96225........................ LOUISVILLE............................ KY....... ............ 02/01/1996 .................. .............2,181,766 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................195,383 .......................... .......................... ...........................0<br />
96232........................ PEORIA................................... AZ....... ............ 06/24/1996 .................. .............1,827,281 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................158,919 .......................... .......................... ...........................0<br />
96246........................ KINGSTOWNE........................ VA....... ............ 12/19/1996 .................. ...........13,372,528 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................535,367 .......................... .......................... ...........................0<br />
96251........................ AUSTIN.................................... TX....... ............ 06/27/1996 .................. .............1,021,757 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................370,471 .......................... .......................... ...........................0<br />
96263........................ HOUSTON............................... TX....... ............ 02/06/1997 .................. .............1,177,928 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................88,330 .......................... .......................... ...........................0<br />
96265........................ HOUSTON............................... TX....... ............ 09/09/1996 .................. ................958,567 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,858 .......................... .......................... ...........................0<br />
96269........................ HAZEL CREST........................ IL......... ............ 05/19/1997 .................. .............1,529,826 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................108,732 .......................... .......................... ...........................0<br />
96296........................ DALLAS................................... TX....... ............ 12/19/1996 .................. .............3,276,584 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................259,146 .......................... .......................... ...........................0<br />
97206........................ BRENTWOOD......................... TN....... ............ 06/04/1997 .................. ...........10,656,966 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................349,832 .......................... .......................... ...........................0<br />
97208........................ FRANKLIN............................... TN....... ............ 02/27/1998 .................. .............2,031,589 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,377 .......................... .......................... ...........................0<br />
97211........................ LAKEWOOD............................ CO...... ............ 01/21/1997 .................. .............2,967,014 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................224,499 .......................... .......................... ...........................0<br />
97216........................ SEYMOUR.............................. TN....... ............ 06/17/1997 .................. .............2,199,416 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................156,867 .......................... .......................... ...........................0<br />
97252........................ OAKDALE................................ MN...... ............ 06/12/1997 .................. .............3,398,809 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................248,990 .......................... .......................... ...........................0<br />
97267........................ GAITHERSBURG.................... MD...... ............ 10/31/1997 .................. .............3,502,342 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................249,794 .......................... .......................... ...........................0<br />
97275........................ HUNTERSVILLE..................... NC....... ............ 11/15/1997 .................. ...........20,635,505 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................743,322 .......................... .......................... ...........................0<br />
97282........................ TWINSBURG........................... OH...... ............ 10/18/1997 .................. .............1,019,207 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,905 .......................... .......................... ...........................0<br />
97284........................ MAPLEWOOD......................... MN...... ............ 10/21/1997 .................. .............1,384,932 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,411 .......................... .......................... ...........................0<br />
97285........................ VENTURA............................... CA....... ............ 11/03/1997 .................. .............5,995,245 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................223,003 .......................... .......................... ...........................0<br />
97286........................ SAN ANTONIO........................ TX....... ............ 12/15/1997 .................. .............1,354,261 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,102 .......................... .......................... ...........................0<br />
97310........................ EAGAN.................................... MN...... ............ 12/30/1997 .................. .............3,105,738 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................210,348 .......................... .......................... ...........................0<br />
97313........................ CHAMPAIGN........................... IL......... ............ 12/23/1997 .................. .............3,306,664 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................244,168 .......................... .......................... ...........................0<br />
97315........................ MARIETTA.............................. GA....... ............ 12/22/1997 .................. .............3,375,560 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................229,326 .......................... .......................... ...........................0<br />
98201........................ BRISTOL................................. TN....... ............ 05/14/1998 .................. .............6,418,515 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................397,301 .......................... .......................... ...........................0<br />
98214........................ BLUFFTON.............................. SC....... ............ 07/06/1998 .................. .............3,371,588 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,230 .......................... .......................... ...........................0<br />
98215........................ MEMPHIS................................ TN....... ............ 02/26/1998 .................. .............2,450,913 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,646 .......................... .......................... ...........................0<br />
98216........................ SANTA CLARA....................... CA....... ............ 12/30/1997 .................. .............4,152,081 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,437 .......................... .......................... ...........................0<br />
98217........................ CHANHASSEN....................... MN...... ............ 02/25/1998 .................. .............4,418,240 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................164,265 .......................... .......................... ...........................0<br />
98220........................ GREENVILLE.......................... SC....... ............ 03/26/1998 .................. .............2,039,252 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................324,058 .......................... .......................... ...........................0<br />
98221........................ CORAL SPRINGS................... FL........ ............ 02/12/1998 .................. .............1,189,489 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,388 .......................... .......................... ...........................0<br />
98223........................ KENOSHA............................... WI....... ............ 04/30/1998 .................. .............1,452,592 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................228,814 .......................... .......................... ...........................0<br />
98230........................ BLOOMINGDALE.................... IL......... ............ 07/21/1998 .................. .............5,635,416 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................395,054 .......................... .......................... ...........................0<br />
98238........................ VALLEY VIEW......................... OH...... ............ 07/10/1998 .................. .............2,011,965 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................17,886 .......................... .......................... ...........................0<br />
98239........................ STURTEVANT........................ WI....... ............ 09/11/1998 .................. .............1,555,214 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,172 .......................... .......................... ...........................0<br />
98241........................ PASADENA............................. TX....... ............ 11/30/1998 .................. .............1,388,032 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,114 .......................... .......................... ...........................0<br />
98243........................ CROSBY................................. TX....... ............ 10/30/1998 .................. .............1,037,664 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,320 .......................... .......................... ...........................0<br />
98253........................ CHANTILLY............................. VA....... ............ 08/06/1998 .................. .............2,979,193 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................193,247 .......................... .......................... ...........................0<br />
98258........................ LAKE ZURICH......................... IL......... ............ 02/12/1999 .................. .............1,558,784 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................53,696 .......................... .......................... ...........................0<br />
98260........................ DENVER.................................. CO...... ............ 07/21/1998 .................. .............2,242,420 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................39,181 .......................... .......................... ...........................0<br />
98263........................ EL PASO................................. TX....... ............ 08/18/1998 .................. .............7,644,625 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................172,067 .......................... .......................... ...........................0<br />
98272........................ SCHERERVILLE..................... IN........ ............ 11/09/1998 .................. .............2,567,199 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................90,326 .......................... .......................... ...........................0<br />
98274........................ EAGAN.................................... MN...... ............ 10/22/1998 .................. .............1,110,535 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,045 .......................... .......................... ...........................0
E06.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
98280........................ BELTON.................................. TX....... ............ 11/09/1998 .................. .............4,056,111 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,306 .......................... .......................... ...........................0<br />
98287........................ HOUSTON............................... TX....... ............ 12/31/1998 .................. .............1,865,931 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................254,958 .......................... .......................... ...........................0<br />
99205........................ STUART.................................. FL........ ............ 10/25/1999 .................. ...........13,889,103 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................357,144 .......................... .......................... ...........................0<br />
99206........................ FUQUAY VARINA................... NC....... ............ 09/17/1999 .................. .............2,775,457 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................121,563 .......................... .......................... ...........................0<br />
99207........................ GALVESTON.......................... TX....... ............ 12/03/1999 .................. .............1,491,808 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................81,429 .......................... .......................... ...........................0<br />
99208........................ HUNTSVILLE.......................... TX....... ............ 03/15/1999 .................. .............1,907,021 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................114,355 .......................... .......................... ...........................0<br />
99210........................ TEXAS CITY............................ TX....... ............ 03/15/1999 .................. .............1,670,946 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,192 .......................... .......................... ...........................0<br />
99211........................ MCDONOUGH........................ GA....... ............ 03/15/1999 .................. .............4,364,502 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,642 .......................... .......................... ...........................0<br />
99231........................ PALM CITY.............................. FL........ ............ 02/10/1999 .................. .............2,548,407 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,131 .......................... .......................... ...........................0<br />
99232........................ ELMHURST............................. IL......... ............ 03/31/1999 .................. .............4,191,479 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................143,701 .......................... .......................... ...........................0<br />
99243........................ CHANHASSEN....................... MN...... ............ 06/29/1999 .................. .............1,757,281 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................63,025 .......................... .......................... ...........................0<br />
99246........................ ST.PETERSBURG B.............. FL........ ............ 05/27/1999 .................. .............1,466,947 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,114 .......................... .......................... ...........................0<br />
99247........................ FAYETTEVILLE...................... NC....... ............ 06/23/1999 .................. .............1,335,378 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,415 .......................... .......................... ...........................0<br />
99256........................ MONTGOMERY...................... IL......... ............ 07/28/1999 .................. .............2,562,170 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,948 .......................... .......................... ...........................0<br />
99268........................ WILMINGTON......................... NC....... ............ 01/31/2000 .................. .............1,898,750 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,016 .......................... .......................... ...........................0<br />
99274........................ HENDERSONVILLE............... TN....... ............ 09/03/1999 .................. .............2,642,483 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................145,085 .......................... .......................... ...........................0<br />
99284........................ SAN RAFAEL.......................... CA....... ............ 12/29/1999 .................. .............2,370,359 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................120,857 .......................... .......................... ...........................0<br />
99285........................ TEMPE.................................... AZ....... ............ 12/08/1999 .................. .............2,415,980 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,371 .......................... .......................... ...........................0<br />
99286........................ ESCONDIDO........................... CA....... ............ 12/29/1999 .................. .............2,672,795 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,937 .......................... .......................... ...........................0<br />
99287........................ HOUSTON............................... TX....... ............ 12/20/1999 .................. .............2,131,599 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................106,714 .......................... .......................... ...........................0<br />
99288........................ ENGLEWOOD......................... CO...... ............ 12/21/1999 .................. .............7,171,813 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................195,063 .......................... .......................... ...........................0<br />
99289........................ HOUSTON............................... TX....... ............ 12/15/1999 .................. .............4,159,932 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................206,258 .......................... .......................... ...........................0<br />
99290........................ MORROW............................... GA....... ............ 12/15/1999 .................. .............4,493,548 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................494,187 .......................... .......................... ...........................0<br />
99292........................ MESA....................................... AZ....... ............ 12/29/1999 .................. .............1,793,847 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................31,615 .......................... .......................... ...........................0<br />
99296........................ ROCKY RIVER........................ OH...... ............ 02/09/2000 .................. .............2,193,986 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................109,366 .......................... .......................... ...........................0<br />
99297........................ FOUNTAIN VALLEY............... CA....... ............ 12/30/1999 .................. .............2,808,012 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................81,122 .......................... .......................... ...........................0<br />
99298........................ MEMPHIS................................ TN....... ............ 12/28/1999 .................. ...........13,519,956 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................689,692 .......................... .......................... ...........................0<br />
99301........................ LAS VEGAS............................ NV....... ............ 12/29/1999 .................. .............4,600,799 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,280 .......................... .......................... ...........................0<br />
99302........................ LAS VEGAS............................ NV....... ............ 12/29/1999 .................. .............3,683,714 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................83,491 .......................... .......................... ...........................0<br />
99303........................ LAS VEGAS............................ NV....... ............ 12/29/1999 .................. .............3,910,919 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................88,643 .......................... .......................... ...........................0<br />
99304........................ LAS VEGAS............................ NV....... ............ 12/29/1999 .................. .............3,939,384 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,310 .......................... .......................... ...........................0<br />
99305........................ HENDERSON......................... NV....... ............ 12/29/1999 .................. .............3,509,923 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,560 .......................... .......................... ...........................0<br />
99306........................ LAS VEGAS............................ NV....... ............ 12/29/1999 .................. .............3,712,743 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,172 .......................... .......................... ...........................0<br />
00A53604.................. OAKLAND............................... CA....... ............ 12/31/1998 .................. ..................96,940 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,728 .......................... .......................... ...........................0<br />
00A54323.................. SAN LORENZO....................... CA....... ............ 12/31/1998 .................. ..................90,615 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................12,430 .......................... .......................... ...........................0<br />
00A55674.................. PESCADERO.......................... CA....... ............ 12/31/1998 .................. ..................71,158 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................8,977 .......................... .......................... ...........................0<br />
00A55916.................. SAN FRANCISCO................... CA....... ............ 12/31/1998 .................. ..................50,870 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................5,097 .......................... .......................... ...........................0<br />
00A56153.................. OAKLAND............................... CA....... ............ 12/31/1998 .................. ..................86,151 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................10,500 .......................... .......................... ...........................0<br />
00A56716.................. SAN FRANCISCO................... CA....... ............ 12/31/1998 .................. ..................60,268 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................7,188 .......................... .......................... ...........................0<br />
00A56765.................. SAN FRANCISCO................... CA....... ............ 12/31/1998 .................. ..................55,394 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................6,605 .......................... .......................... ...........................0<br />
00A58738.................. SAN FRANCISCO................... CA....... ............ 12/31/1998 .................. ..................66,507 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................8,102 .......................... .......................... ...........................0<br />
00A60401.................. SAN JOSE............................... CA....... ............ 12/31/1998 .................. ................114,071 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,632 .......................... .......................... ...........................0<br />
00A62910.................. SAN JOSE............................... CA....... ............ 12/31/1998 .................. ..................98,722 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................10,083 .......................... .......................... ...........................0<br />
00A63124.................. SUNNYVALE........................... CA....... ............ 12/31/1998 .................. ................170,867 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................18,257 .......................... .......................... ...........................0<br />
00A95263.................. SAN ANTONIO........................ TX....... ............ 11/20/1995 .................. ................872,141 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................83,100 .......................... .......................... ...........................0<br />
00A96234.................. FRANKLIN............................... TN....... ............ 01/01/1997 .................. .............2,992,428 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................222,759 .......................... .......................... ...........................0<br />
00A96238.................. LOS ALTOS............................. CA....... ............ 05/16/1996 .................. .............1,177,960 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,417 .......................... .......................... ...........................0<br />
00A96244.................. LILLINGTON............................ NC....... ............ 08/18/1997 .................. .............1,411,904 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,197 .......................... .......................... ...........................0<br />
00A96252.................. HOUSTON............................... TX....... ............ 07/11/1996 .................. .............2,430,479 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,886 .......................... .......................... ...........................0<br />
00A96253.................. HOUSTON............................... TX....... ............ 07/11/1996 .................. .............1,170,189 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................47,131 .......................... .......................... ...........................0
E06.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00A96255.................. KANSAS CITY......................... MO...... ............ 09/30/1996 .................. ................996,991 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................250,221 .......................... .......................... ...........................0<br />
00A96260.................. BLOOMINGTON..................... IN........ ............ 12/18/1998 .................. .............2,812,056 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................171,655 .......................... .......................... ...........................0<br />
00A96294.................. ROCHESTER.......................... MN...... ............ 12/05/1996 .................. .............2,821,040 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................224,367 .......................... .......................... ...........................0<br />
00A97202.................. MOBILE................................... AL....... ............ 12/18/1997 .................. .............3,815,300 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................167,721 .......................... .......................... ...........................0<br />
00A97203.................. MOBILE................................... AL....... ............ 08/18/1997 .................. .............3,173,795 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................200,786 .......................... .......................... ...........................0<br />
00A97215.................. INDIANAPOLIS....................... IN........ ............ 08/25/1997 .................. .............3,512,357 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................241,835 .......................... .......................... ...........................0<br />
00A97221.................. FORT WORTH........................ TX....... ............ 06/04/1997 .................. .............1,254,526 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,669 .......................... .......................... ...........................0<br />
00A97226.................. THEODORE............................ AL....... ............ 04/10/1997 .................. .............2,109,316 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,905 .......................... .......................... ...........................0<br />
00A97227.................. N. MYRTLE BEACH................ SC....... ............ 09/19/1997 .................. .............3,055,727 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................210,411 .......................... .......................... ...........................0<br />
00A97229.................. DENTON................................. TX....... ............ 03/31/1997 .................. ................655,562 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,557 .......................... .......................... ...........................0<br />
00A97237.................. HOUSTON............................... TX....... ............ 02/27/1997 .................. .............7,618,647 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................299,518 .......................... .......................... ...........................0<br />
00A97238.................. PEARLAND............................. TX....... ............ 07/02/1997 .................. ................808,921 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................57,486 .......................... .......................... ...........................0<br />
00A97239.................. PASADENA............................. TX....... ............ 07/02/1997 .................. .............1,057,462 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,595 .......................... .......................... ...........................0<br />
00A97240.................. HOUSTON............................... TX....... ............ 09/16/1997 .................. .............1,035,292 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,941 .......................... .......................... ...........................0<br />
00A97241.................. HOUSTON............................... TX....... ............ 07/02/1997 .................. ................844,610 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,381 .......................... .......................... ...........................0<br />
00A97242.................. HOUSTON............................... TX....... ............ 09/16/1997 .................. .............1,085,681 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,773 .......................... .......................... ...........................0<br />
00A97243.................. HOUSTON............................... TX....... ............ 09/16/1997 .................. .............1,252,372 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,240 .......................... .......................... ...........................0<br />
00A97246.................. DES MOINES.......................... IA........ ............ 03/01/2002 .................. .............6,172,340 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................126,437 .......................... .......................... ...........................0<br />
00A97248.................. HILLSBOROUGH.................... NC....... ............ 05/16/1997 .................. .............1,317,937 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,833 .......................... .......................... ...........................0<br />
00A97250.................. MIAMI...................................... FL........ ............ 05/16/1997 .................. .............3,270,807 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................259,848 .......................... .......................... ...........................0<br />
00A97253.................. INGLEWOOD.......................... CA....... ............ 07/02/1997 .................. .............1,899,517 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................134,954 .......................... .......................... ...........................0<br />
00A97258.................. FARMINGTON HILL............... MI........ ............ 09/17/1997 .................. .............1,481,147 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................260,127 .......................... .......................... ...........................0<br />
00A97260.................. BELTSVILLE........................... MD...... ............ 11/20/1997 .................. .............2,205,497 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................148,216 .......................... .......................... ...........................0<br />
00A97290.................. GRESHAM.............................. OR...... ............ 11/03/1997 .................. .............1,805,566 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................125,638 .......................... .......................... ...........................0<br />
00A97300.................. KANSAS CITY......................... MO...... ............ 09/30/2000 .................. .............5,266,942 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................898,197 .......................... .......................... ...........................0<br />
00A97311.................. GREENSBORO....................... NC....... ............ 11/14/1997 .................. .............1,584,378 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,583 .......................... .......................... ...........................0<br />
00A97312.................. GREENSBORO....................... NC....... ............ 11/14/1997 .................. .............6,794,052 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................261,955 .......................... .......................... ...........................0<br />
00A98206.................. TRUSSVILLE.......................... AL....... ............ 09/15/1998 .................. .............3,507,237 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................169,342 .......................... .......................... ...........................0<br />
00A98208.................. MONTGOMERY...................... AL....... ............ 02/18/1998 .................. .............7,799,742 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................271,682 .......................... .......................... ...........................0<br />
00A98236.................. PEWAUKEE............................ WI....... ............ 06/12/1998 .................. ................666,078 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................41,865 .......................... .......................... ...........................0<br />
00A98244.................. PFLUGERVILLE...................... TX....... ............ 10/30/1998 .................. .............1,279,412 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................80,516 .......................... .......................... ...........................0<br />
00A98245.................. SEABROOK............................ TX....... ............ 12/21/1998 .................. .............1,249,173 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................83,108 .......................... .......................... ...........................0<br />
00A98251.................. PEWAUKEE............................ WI....... ............ 08/12/1998 .................. ................863,211 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,447 .......................... .......................... ...........................0<br />
00A98259.................. PLYMOUTH............................. MN...... ............ 09/17/1998 .................. .............1,018,653 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................162,048 .......................... .......................... ...........................0<br />
00A98278.................. ROCKLEDGE.......................... FL........ ............ 11/30/1998 .................. ................886,796 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,340 .......................... .......................... ...........................0<br />
00A98289.................. PRATTVILLE........................... AL....... ............ 12/30/1998 .................. .............2,924,773 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................173,462 .......................... .......................... ...........................0<br />
00A99240.................. WAUKEGAN............................ IL......... ............ 05/25/1999 .................. .............4,815,958 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................610,051 .......................... .......................... ...........................0<br />
00A99248.................. NEWARK................................. CA....... ............ 10/01/1999 .................. .............2,216,728 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................264,220 .......................... .......................... ...........................0<br />
00A99250.................. DALLAS................................... TX....... ............ 05/27/1999 .................. .............7,741,568 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................305,894 .......................... .......................... ...........................0<br />
00A99253.................. OAKDALE................................ MN...... ............ 05/28/1999 .................. .............2,169,597 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,934 .......................... .......................... ...........................0<br />
00A99254.................. VISTA...................................... CA....... ............ 07/29/1999 .................. .............3,388,885 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,847 .......................... .......................... ...........................0<br />
00A99259.................. JEFFERSONTOWN................ KY....... ............ 07/21/1999 .................. ................870,647 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................25,510 .......................... .......................... ...........................0<br />
00A99262.................. MORRISVILLE........................ NC....... ............ 10/28/1999 .................. .............2,738,023 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................51,579 .......................... .......................... ...........................0<br />
00A99263.................. MORRISVILLE........................ NC....... ............ 10/28/1999 .................. .............2,787,518 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................52,519 .......................... .......................... ...........................0<br />
00A99293.................. SEFFNER................................ FL........ ............ 01/27/2000 .................. .............2,454,430 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................70,145 .......................... .......................... ...........................0<br />
00C20216................. POWAY................................... CA....... ............ 05/30/2000 .................. .............2,608,885 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,656 .......................... .......................... ...........................0<br />
00C20219................. RIVERSIDE............................. CA....... ............ 06/07/2000 .................. .............1,696,709 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................46,618 .......................... .......................... ...........................0<br />
00C20223................. WAUKEGAN............................ IL......... ............ 09/30/2000 .................. .............2,160,867 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,626 .......................... .......................... ...........................0<br />
00C20224................. EDINA...................................... MN...... ............ 09/30/2000 .................. .............2,211,830 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,614 .......................... .......................... ...........................0<br />
00C20225................. COLUMBIA.............................. MD...... ............ 08/01/2000 .................. .............2,549,341 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................66,463 .......................... .......................... ...........................0
E06.11<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00C20226................. WAUKEGAN............................ IL......... ............ 12/21/2000 .................. .............4,553,873 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................413,840 .......................... .......................... ...........................0<br />
00C20241................. COLDWATER......................... MI........ ............ 12/18/2000 .................. .............2,034,351 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,187 .......................... .......................... ...........................0<br />
00C20242................. EVANSTON............................. IL......... ............ 12/21/2000 .................. .............2,123,102 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,313 .......................... .......................... ...........................0<br />
00C20243................. WEST SACRAMENTO........... CA....... ............ 12/14/2000 .................. .............3,266,180 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,693 .......................... .......................... ...........................0<br />
00C20249................. WILMINGTON......................... MA...... ............ 01/03/2001 .................. .............2,965,973 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,465 .......................... .......................... ...........................0<br />
00C20253................. NOVATO................................. CA....... ............ 12/28/2000 .................. .............3,220,018 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................317,875 .......................... .......................... ...........................0<br />
00C20254................. HOUSTON............................... TX....... ............ 01/17/2001 .................. .............2,651,869 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,162 .......................... .......................... ...........................0<br />
00C21213................. WEST SACRAMENTO........... CA....... ............ 03/06/2001 .................. .............3,411,509 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,133 .......................... .......................... ...........................0<br />
00C21215................. LINCOLN................................. NE....... ............ 01/31/2001 .................. .............4,279,923 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,180 .......................... .......................... ...........................0<br />
00C21218................. KANSAS CITY......................... MO...... ............ 03/30/2001 .................. .............1,300,256 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................123,879 .......................... .......................... ...........................0<br />
00C21221................. CYPRESS............................... CA....... ............ 03/21/2001 .................. .............3,878,175 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................103,023 .......................... .......................... ...........................0<br />
00C21222................. CYPRESS............................... CA....... ............ 03/21/2001 .................. .............3,746,004 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,503 .......................... .......................... ...........................0<br />
00C21224................. CYPRESS............................... CA....... ............ 07/05/2001 .................. .............5,328,772 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................136,888 .......................... .......................... ...........................0<br />
00C21229................. LOUISVILLE............................ KY....... ............ 01/24/2001 .................. .............2,311,725 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................171,302 .......................... .......................... ...........................0<br />
00C21249................. PLANO..................................... TX....... ............ 07/16/2001 .................. .............1,999,249 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................51,486 .......................... .......................... ...........................0<br />
00C21250................. SUGAR LAND......................... TX....... ............ 09/28/2001 .................. .............4,957,075 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,613 .......................... .......................... ...........................0<br />
00C21251................. GREENVILLE.......................... SC....... ............ 08/28/2001 .................. .............1,685,775 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,199 .......................... .......................... ...........................0<br />
00C21260................. TOLLESON............................. AZ....... ............ 12/06/2001 .................. .............5,418,195 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................230,896 .......................... .......................... ...........................0<br />
00C21267................. PEACHTREE CITY................. GA....... ............ 04/02/2002 .................. .............6,596,363 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,829 .......................... .......................... ...........................0<br />
00C21270................. LENEXA.................................. KS....... ............ 12/12/2001 .................. .............3,273,952 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,836 .......................... .......................... ...........................0<br />
00C21271................. FAYETTEVILLE...................... NC....... ............ 02/14/2002 .................. .............1,550,953 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,157 .......................... .......................... ...........................0<br />
00C21274................. O FALLON............................... MO...... ............ 01/10/2002 .................. .............2,687,904 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................111,969 .......................... .......................... ...........................0<br />
00C21550................. CARROLLTON........................ TX....... ............ 11/30/1998 .................. ................111,491 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................46,836 .......................... .......................... ...........................0<br />
00C22205................. GRAYSON............................... GA....... ............ 03/28/2002 .................. .............7,133,515 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................183,071 .......................... .......................... ...........................0<br />
00C22206................. TEMPE.................................... AZ....... ............ 01/16/2002 .................. ...........10,495,395 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................173,632 .......................... .......................... ...........................0<br />
00C22216................. LOUISVILLE............................ KY....... ............ 07/25/2002 .................. .............7,861,700 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................321,735 .......................... .......................... ...........................0<br />
00C22223................. BROWNSBURG...................... IN........ ............ 06/19/2002 .................. .............9,820,113 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................233,618 .......................... .......................... ...........................0<br />
00C22226................. SAN FRANCISCO................... CA....... ............ 09/05/2002 .................. ................842,429 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................154,942 .......................... .......................... ...........................0<br />
00C22233................. ROCK HILL.............................. SC....... ............ 08/27/2002 .................. ...........11,733,466 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................240,205 .......................... .......................... ...........................0<br />
00C22234................. NAPERVILLE.......................... IL......... ............ 11/21/2002 .................. .............2,998,120 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................112,471 .......................... .......................... ...........................0<br />
00C22235................. CARMEL.................................. IN........ ............ 10/09/2002 .................. .............3,823,108 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................150,343 .......................... .......................... ...........................0<br />
00C22237................. MEMPHIS................................ TN....... ............ 08/26/2002 .................. .............3,902,473 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................161,119 .......................... .......................... ...........................0<br />
00C22238................. ORO VALLEY.......................... AZ....... ............ 09/30/2002 .................. .............2,168,807 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,626 .......................... .......................... ...........................0<br />
00C22252................. LEWISVILLE............................ TX....... ............ 12/17/2002 .................. .............2,386,849 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,075 .......................... .......................... ...........................0<br />
00C22254................. NAPERVILLE.......................... IL......... ............ 12/20/2002 .................. .............1,985,805 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................146,003 .......................... .......................... ...........................0<br />
00C22257................. ROSEVILLE............................. CA....... ............ 01/30/2003 .................. ...........19,803,274 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................535,773 .......................... .......................... ...........................0<br />
00C23205................. IRVINE..................................... CA....... ............ 07/17/2003 .................. .............7,965,333 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................198,808 .......................... .......................... ...........................0<br />
00C23209................. LAS VEGAS............................ NV....... ............ 06/30/2003 .................. .............2,511,719 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,840 .......................... .......................... ...........................0<br />
00C23215................. WICHITA.................................. KS....... ............ 06/13/2003 .................. .............2,222,552 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,487 .......................... .......................... ...........................0<br />
00C23216................. ALPHARETTA......................... GA....... ............ 07/29/2003 .................. .............5,408,140 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................216,783 .......................... .......................... ...........................0<br />
00C23219................. SPRINGFIELD........................ VA....... ............ 07/31/2003 .................. .............7,153,068 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................282,946 .......................... .......................... ...........................0<br />
00C23223................. ALPHARETTA......................... GA....... ............ 07/29/2003 .................. .............7,623,496 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................305,592 .......................... .......................... ...........................0<br />
00C23224................. CORONA................................. CA....... ............ 08/06/2003 .................. .............2,672,055 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,608 .......................... .......................... ...........................0<br />
00C23226................. GREENVILLE.......................... SC....... ............ 08/14/2003 .................. .............4,596,152 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................512,574 .......................... .......................... ...........................0<br />
00C23227................. MACEDONIA........................... OH...... ............ 08/14/2003 .................. .............1,579,748 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................112,014 .......................... .......................... ...........................0<br />
00C23228................. PHOENIX................................ AZ....... ............ 08/28/2003 .................. .............2,673,668 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................112,934 .......................... .......................... ...........................0<br />
00C23229................. ONTARIO................................ CA....... ............ 09/03/2003 .................. .............2,795,365 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,992 .......................... .......................... ...........................0<br />
00C23236................. ROCKLEDGE.......................... FL........ ............ 10/27/2003 .................. .............1,450,386 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,701 .......................... .......................... ...........................0<br />
00C23239................. AURORA................................. IL......... ............ 02/12/2004 .................. .............3,506,343 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,771 .......................... .......................... ...........................0<br />
00C23240................. WILLOWBROOK..................... IL......... ............ 02/12/2004 .................. .............1,905,424 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................47,695 .......................... .......................... ...........................0
E06.12<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00C23241................. BOLINGBROOK...................... IL......... ............ 02/12/2004 .................. .............1,047,291 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................26,215 .......................... .......................... ...........................0<br />
00C23243................. WESTLAKE VILLAGE............. CA....... ............ 10/30/2003 .................. ...........15,601,194 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................390,406 .......................... .......................... ...........................0<br />
00C23244................. ORANGE................................. CA....... ............ 11/24/2003 .................. .............2,850,975 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................70,770 .......................... .......................... ...........................0<br />
00C23245................. LAWRENCE............................ KS....... ............ 10/31/2003 .................. .............2,356,749 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................155,487 .......................... .......................... ...........................0<br />
00C23255................. NEWBURGH........................... IN........ ............ 12/16/2003 .................. .............5,147,900 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................111,636 .......................... .......................... ...........................0<br />
00C23265................. Germantown............................ TN....... ............ 12/16/2003 .................. .............9,616,869 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................208,539 .......................... .......................... ...........................0<br />
00C23266................. UNIVERSITY CITY.................. MO...... ............ 12/16/2003 .................. .............4,808,447 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,262 .......................... .......................... ...........................0<br />
00C23269................. AVENTURA............................. FL........ ............ 12/31/2003 .................. .............6,191,509 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................148,058 .......................... .......................... ...........................0<br />
00C23272................. IRVINE..................................... CA....... ............ 01/29/2004 .................. .............2,125,331 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................52,365 .......................... .......................... ...........................0<br />
00C23273................. RALEIGH................................. NC....... ............ 02/09/2004 .................. .............6,131,915 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................372,643 .......................... .......................... ...........................0<br />
00C23274................. SHELBY TOWNSHIP.............. MI........ ............ 01/30/2004 .................. .............2,652,710 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................103,582 .......................... .......................... ...........................0<br />
00C24206................. BEDFORD PARK.................... IL......... ............ 04/30/2004 .................. .............2,854,979 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................388,191 .......................... .......................... ...........................0<br />
00C24208................. LAKE OSWEGO...................... OR...... ............ 07/22/2004 .................. ...........18,184,477 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................308,940 .......................... .......................... ...........................0<br />
00C24210................. MIAMI LAKES.......................... FL........ ............ 03/26/2004 .................. .............5,091,154 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................126,939 .......................... .......................... ...........................0<br />
00C24217................. LORTON.................................. VA....... ............ 05/28/2004 .................. .............8,960,396 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................337,061 .......................... .......................... ...........................0<br />
00C24219................. HANOVER............................... MD...... ............ 05/11/2004 .................. .............3,339,124 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................81,346 .......................... .......................... ...........................0<br />
00C24222................. SOUTHHAVEN....................... MS...... ............ 06/08/2004 .................. .............2,374,268 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................57,125 .......................... .......................... ...........................0<br />
00C24223................. BURBANK............................... CA....... ............ 06/30/2004 .................. .............2,195,186 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,247 .......................... .......................... ...........................0<br />
00C24224................. LAKEWOOD............................ CO...... ............ 03/30/2004 .................. .............3,392,921 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,105 .......................... .......................... ...........................0<br />
00C24226................. COCONUT CREEK................. FL........ ............ 07/14/2004 .................. .............2,504,335 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,213 .......................... .......................... ...........................0<br />
00C24227................. FARRAGUT............................. TN....... ............ 05/28/2004 .................. ...........12,267,747 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................253,021 .......................... .......................... ...........................0<br />
00C24228................. MYRTLE BEACH.................... SC....... ............ 07/15/2004 .................. ...........10,008,226 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................390,693 .......................... .......................... ...........................0<br />
00C24229................. COLUMBUS............................ OH...... ............ 06/29/2004 .................. .............2,777,631 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,710 .......................... .......................... ...........................0<br />
00C24234................. EDINA...................................... MN...... ............ 07/02/2004 .................. .............6,286,763 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................232,259 .......................... .......................... ...........................0<br />
00C24235................. GOLDEN................................. CO...... ............ 06/29/2004 .................. .............5,126,774 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,850 .......................... .......................... ...........................0<br />
00C24238................. MORRISVILLE........................ NC....... ............ 07/26/2004 .................. .............3,736,269 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,466 .......................... .......................... ...........................0<br />
00C24239................. MORRISVILLE........................ NC....... ............ 07/26/2004 .................. .............3,736,269 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,466 .......................... .......................... ...........................0<br />
00C24240................. MORRISVILLE........................ NC....... ............ 07/26/2004 .................. .............2,054,957 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,203 .......................... .......................... ...........................0<br />
00C24249................. AURORA................................. CO...... ............ 08/05/2004 .................. .............3,006,316 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,661 .......................... .......................... ...........................0<br />
00C24265................. FULLERTON........................... CA....... ............ 12/17/2004 .................. ...........17,242,154 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................288,540 .......................... .......................... ...........................0<br />
00C24266................. SANTA FE SPRINGS............. CA....... ............ 12/20/2004 .................. .............5,978,704 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,047 .......................... .......................... ...........................0<br />
00C24270................. TINLEY PARK......................... IL......... ............ 10/15/2004 .................. .............3,235,542 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,257 .......................... .......................... ...........................0<br />
00C24271................. NORCROSS............................ GA....... ............ 12/03/2004 .................. .............3,136,033 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,337 .......................... .......................... ...........................0<br />
00C24272................. SAN DIEGO............................. CA....... ............ 12/30/2004 .................. .............9,583,323 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................158,827 .......................... .......................... ...........................0<br />
00C24274................. BURR RIDGE.......................... IL......... ............ 01/01/2005 .................. .............2,968,827 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,704 .......................... .......................... ...........................0<br />
00C24275................. WALNUT CREEK.................... CA....... ............ 02/28/2005 .................. .............2,976,332 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,977 .......................... .......................... ...........................0<br />
00C24281................. MIAMI...................................... FL........ ............ 12/31/2004 .................. .............2,354,346 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,647 .......................... .......................... ...........................0<br />
00C25200................. OVERLAND PARK.................. KS....... ............ 02/28/2005 .................. .............2,466,116 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,433 .......................... .......................... ...........................0<br />
00C25206................. RICHMOND............................. CA....... ............ 06/06/2005 .................. .............6,424,535 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................364,164 .......................... .......................... ...........................0<br />
00C25210................. LAS VEGAS............................ NV....... ............ 02/28/2005 .................. .............3,304,913 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................78,492 .......................... .......................... ...........................0<br />
00C25215................. CHULA VISTA......................... CA....... ............ 04/08/2005 .................. .............1,886,207 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,658 .......................... .......................... ...........................0<br />
00C25218................. WESTMINSTER...................... CO...... ............ 03/30/2005 .................. .............5,574,785 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,962 .......................... .......................... ...........................0<br />
00C25220................. MIDDLEBURG HEIGHTS....... OH...... ............ 04/05/2005 .................. .............2,441,935 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,294 .......................... .......................... ...........................0<br />
00C25226................. SANTA FE SPRINGS............. CA....... ............ 03/10/2005 .................. .............7,487,486 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................114,749 .......................... .......................... ...........................0<br />
00C25227................. LOUISVILLE............................ KY....... ............ 05/11/2005 .................. ...........11,595,765 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................122,407 .......................... .......................... ...........................0<br />
00C25228................. LOUISVILLE............................ KY....... ............ 05/11/2005 .................. .............6,961,073 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,301 .......................... .......................... ...........................0<br />
00C25230................. IRVINE..................................... CA....... ............ 11/30/2005 .................. .............9,542,740 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................140,234 .......................... .......................... ...........................0<br />
00C25231................. HOUSTON............................... TX....... ............ 04/28/2005 .................. .............1,987,890 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,320 .......................... .......................... ...........................0<br />
00C25232................. LAWRENCEVILLE.................. GA....... ............ 04/25/2005 .................. .............3,313,859 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................77,201 .......................... .......................... ...........................0<br />
00C25234................. EDEN PRAIRIE....................... MN...... ............ 05/02/2005 .................. .............3,791,045 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,069 .......................... .......................... ...........................0
E06.13<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00C25236................. TUCKER.................................. GA....... ............ 05/20/2005 .................. .............2,034,052 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,734 .......................... .......................... ...........................0<br />
00C25240................. Chino....................................... CA....... ............ 04/13/2005 .................. .............4,179,773 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,386 .......................... .......................... ...........................0<br />
00C25250................. CARY....................................... NC....... ............ 06/01/2005 .................. .............2,024,481 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,992 .......................... .......................... ...........................0<br />
00C25254................. OVERLAND............................. MO...... ............ 07/01/2005 .................. .............4,884,517 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,527 .......................... .......................... ...........................0<br />
00C25256................. SANTA CRUZ......................... CA....... ............ 06/27/2005 .................. ...........12,152,950 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................247,587 .......................... .......................... ...........................0<br />
00C25257................. TIMONIUM.............................. MD...... ............ 06/15/2005 .................. .............4,662,876 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,882 .......................... .......................... ...........................0<br />
00C25282................. CAPITOL HEIGHTS................ MD...... ............ 09/28/2005 .................. .............2,199,210 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................50,599 .......................... .......................... ...........................0<br />
00C25285................. BALTIMORE............................ MD...... ............ 11/09/2005 .................. .............2,401,732 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................53,345 .......................... .......................... ...........................0<br />
00C25286................. MARIETTA.............................. GA....... ............ 12/22/2005 .................. .............8,372,626 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................128,489 .......................... .......................... ...........................0<br />
00C25291................. SAN DIEGO............................. CA....... ............ 12/22/2005 .................. .............5,834,729 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................93,086 .......................... .......................... ...........................0<br />
00C25292................. SAN DIEGO............................. CA....... ............ 12/22/2005 .................. .............7,779,647 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,110 .......................... .......................... ...........................0<br />
00C25293................. FLAGSTAFF............................ AZ....... ............ 11/01/2005 .................. .............2,524,850 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................258,013 .......................... .......................... ...........................0<br />
00C25294................. SANTA BARBARA.................. CA....... ............ 12/02/2005 .................. .............3,845,776 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,939 .......................... .......................... ...........................0<br />
00C25305................. OPA LOCKA............................ FL........ ............ 12/29/2005 .................. .............1,893,038 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,741 .......................... .......................... ...........................0<br />
00C26201................. OMAHA.................................... NE....... ............ 05/31/2006 .................. .............4,181,200 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,200 .......................... .......................... ...........................0<br />
00C26202................. SAN FRANCISCO................... CA....... ............ 09/29/2006 .................. .............2,495,755 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................460,344 .......................... .......................... ...........................0<br />
00C26206................. PACIFIC PALISADES............. CA....... ............ 03/01/2006 .................. .............1,613,184 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,675 .......................... .......................... ...........................0<br />
00C26213................. BUFORD................................. GA....... ............ 03/23/2006 .................. .............2,655,507 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................101,555 .......................... .......................... ...........................0<br />
00C26218................. HOUSTON............................... TX....... ............ 03/31/2006 .................. .............3,615,016 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................52,540 .......................... .......................... ...........................0<br />
00C26221................. HOUSTON............................... TX....... ............ 05/22/2006 .................. .............1,215,039 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,916 .......................... .......................... ...........................0<br />
00C26222................. HOUSTON............................... TX....... ............ 05/22/2006 .................. ................654,259 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................32,796 .......................... .......................... ...........................0<br />
00C26223................. HOUSTON............................... TX....... ............ 05/22/2006 .................. .............1,845,914 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,554 .......................... .......................... ...........................0<br />
00C26224................. BAYTOWN.............................. TX....... ............ 05/22/2006 .................. ................584,145 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................29,293 .......................... .......................... ...........................0<br />
00C26234................. DALLAS................................... TX....... ............ 05/15/2006 .................. .............5,394,461 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,680 .......................... .......................... ...........................0<br />
00C26236................. BUENA PARK......................... CA....... ............ 06/06/2006 .................. .............2,552,823 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................35,725 .......................... .......................... ...........................0<br />
00C26248................. HOUSTON............................... TX....... ............ 10/25/2006 .................. .............4,462,818 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,704 .......................... .......................... ...........................0<br />
00C26250................. FULLERTON........................... CA....... ............ 08/14/2006 .................. .............4,434,678 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................56,105 .......................... .......................... ...........................0<br />
00C26251................. BLUE ASH (CINCINNATI)...... OH...... ............ 11/09/2006 .................. .............4,424,337 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................80,634 .......................... .......................... ...........................0<br />
00C26257................. ANAHEIM................................ CA....... ............ 10/11/2006 .................. .............2,256,970 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,371 .......................... .......................... ...........................0<br />
00C26258................. SANTA ANA............................ CA....... ............ 10/18/2006 .................. .............1,766,322 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................33,162 .......................... .......................... ...........................0<br />
00C26261................. ODENTON............................... MD...... ............ 09/20/2006 .................. .............2,375,279 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,502 .......................... .......................... ...........................0<br />
00C26304................. VIRGINIA BEACH................... VA....... ............ 12/28/2005 .................. .............2,436,924 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................35,778 .......................... .......................... ...........................0<br />
00C97276................. TAMPA.................................... FL........ ............ 09/19/1997 .................. .............2,023,340 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,306 .......................... .......................... ...........................0<br />
00C97281................. VALLEY VIEW......................... OH...... ............ 10/23/1997 .................. ................928,760 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................160,705 .......................... .......................... ...........................0<br />
00C97297................. SAN ANTONIO........................ TX....... ............ 03/31/1998 .................. .............5,904,601 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................31,023 .......................... .......................... ...........................0<br />
00C97299................. GASDEN................................. AL....... ............ 12/30/1997 .................. .............1,051,257 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,358 .......................... .......................... ...........................0<br />
00C97303................. ORLANDO............................... FL........ ............ 02/06/1998 .................. .............2,992,150 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,785 .......................... .......................... ...........................0<br />
00C97314................. NORCROSS............................ GA....... ............ 12/22/1997 .................. .............3,582,249 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................243,363 .......................... .......................... ...........................0<br />
00C97316................. SUGAR LAND......................... TX....... ............ 12/22/1997 .................. .............3,375,560 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................229,326 .......................... .......................... ...........................0<br />
00C97317................. KENNESAY............................. GA....... ............ 03/19/2001 .................. ................595,683 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,291 .......................... .......................... ...........................0<br />
00C97318................. MIDDLEBURG HEIG.............. OH...... ............ 12/31/1997 .................. .............4,342,731 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,222 .......................... .......................... ...........................0<br />
00C98204................. N. MYRTLE BEACH................ SC....... ............ 11/20/1998 .................. .............8,675,625 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................510,015 .......................... .......................... ...........................0<br />
00C98207................. O FALLON............................... MO...... ............ 04/16/1998 .................. ...........10,876,439 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,134 .......................... .......................... ...........................0<br />
00C98209................. CONCORD.............................. NC....... ............ 12/28/1998 .................. .............3,484,579 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................205,244 .......................... .......................... ...........................0<br />
00C98210................. CORNELIUS............................ NC....... ............ 03/12/1999 .................. .............2,377,549 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................135,912 .......................... .......................... ...........................0<br />
00C98211................. CHARLOTTE........................... NC....... ............ 01/29/1998 .................. .............3,582,249 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................222,352 .......................... .......................... ...........................0<br />
00C98213................. FAYETTEVILLE...................... NC....... ............ 12/28/1998 .................. .............2,641,536 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................157,781 .......................... .......................... ...........................0<br />
00C98219................. FORT LAUDERDALE............. FL........ ............ 02/27/1998 .................. ................996,491 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,616 .......................... .......................... ...........................0<br />
00C98227................. JOHNSON CITY...................... TN....... ............ 04/22/1998 .................. .............2,822,112 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................190,517 .......................... .......................... ...........................0<br />
00C98231................. MARYVILLE............................ TN....... ............ 04/16/1998 .................. .............2,571,149 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................174,710 .......................... .......................... ...........................0
E06.14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00C98237................. NORTH OLMSTEAD............... OH...... ............ 10/26/1998 .................. .............1,280,270 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................80,457 .......................... .......................... ...........................0<br />
00C98248................. HOUSTON............................... TX....... ............ 10/30/1998 .................. .............1,464,135 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,159 .......................... .......................... ...........................0<br />
00C98249................. BLOOMINGTON..................... MN...... ............ 09/22/1998 .................. ...........17,154,786 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................832,671 .......................... .......................... ...........................0<br />
00C98250................. CERRITOS.............................. CA....... ............ 06/15/1998 .................. .............3,594,809 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................10,561 .......................... .......................... ...........................0<br />
00C98252................. FAYETTEVILLE...................... NC....... ............ 12/21/1998 .................. .............3,209,210 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................437,390 .......................... .......................... ...........................0<br />
00C98255................. DENVER.................................. CO...... ............ 12/04/1998 .................. .............1,702,591 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................159,873 .......................... .......................... ...........................0<br />
00C98261................. BROWNSVILLE...................... TX....... ............ 10/02/1998 .................. .............1,554,458 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................221,565 .......................... .......................... ...........................0<br />
00C98266................. BEE CAVE............................... TX....... ............ 12/31/1998 .................. .............9,401,223 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................327,902 .......................... .......................... ...........................0<br />
00C98277................. SPOKANE............................... WA...... ............ 12/14/1998 .................. .............1,076,905 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................66,310 .......................... .......................... ...........................0<br />
00C98282................. ROSEVILLE............................. MN...... ............ 12/30/1998 .................. .............4,921,210 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................300,379 .......................... .......................... ...........................0<br />
00C98284................. NEWBURY PARK................... CA....... ............ 12/30/1998 .................. .............4,196,800 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................203,333 .......................... .......................... ...........................0<br />
00C99200................. KNOXVILLE............................. TN....... ............ 06/09/1999 .................. .............1,956,948 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,173 .......................... .......................... ...........................0<br />
00C99201................. KNOXVILLE............................. TN....... ............ 04/13/1999 .................. .............1,847,634 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,466 .......................... .......................... ...........................0<br />
00C99203................. EAGAN.................................... MN...... ............ 05/28/1999 .................. .............9,613,065 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................602,299 .......................... .......................... ...........................0<br />
00C99213................. FORT WORTH........................ TX....... ............ 02/24/1999 .................. ...........16,623,284 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................58,973 .......................... .......................... ...........................0<br />
00C99214................. MOUNTAIN VIEW................... CA....... ............ 01/22/1999 .................. ................959,533 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................131,135 .......................... .......................... ...........................0<br />
00C99215................. FRIDLEY................................. MN...... ............ 03/04/1999 .................. .............1,479,362 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,103 .......................... .......................... ...........................0<br />
00C99235................. SUNRISE................................. FL........ ............ 03/31/1999 .................. ................251,114 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................186,009 .......................... .......................... ...........................0<br />
00C99237................. RALEIGH................................. NC....... ............ 12/22/1999 .................. .............1,732,864 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................137,946 .......................... .......................... ...........................0<br />
00C99242................. NAPLES.................................. FL........ ............ 06/03/1999 .................. .............7,015,453 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................405,717 .......................... .......................... ...........................0<br />
00C99244................. OMAHA.................................... NE....... ............ 04/14/1999 .................. .............4,499,160 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................265,825 .......................... .......................... ...........................0<br />
00C99245................. DURHAM................................. NC....... ............ 03/26/1999 .................. .............9,946,080 .......................... .............(33,019) .......................... .......................... .............(33,019) .......................... .............................. ................176,655 .......................... .......................... ...........................0<br />
00C99252................. WESTFIELD............................ IN........ ............ 10/28/1999 .................. ...........16,132,269 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................315,350 .......................... .......................... ...........................0<br />
00C99255................. STREETSBORO..................... OH...... ............ 10/28/1999 .................. .............3,040,553 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................164,215 .......................... .......................... ...........................0<br />
00C99264................. ROUND ROCK........................ TX....... ............ 09/29/1999 .................. .............3,567,147 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,867 .......................... .......................... ...........................0<br />
00C99265................. RANCHO CUCAMONGA........ CA....... ............ 06/30/1999 .................. .............1,845,077 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................225,225 .......................... .......................... ...........................0<br />
00C99266................. DUBLIN.................................... CA....... ............ 08/05/1999 .................. .............1,652,106 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................89,880 .......................... .......................... ...........................0<br />
00C99269................. CHANTILLY............................. VA....... ............ 07/21/1999 .................. .............9,600,710 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................289,444 .......................... .......................... ...........................0<br />
00C99270................. GAITHERSBURG.................... MD...... ............ 11/30/1999 .................. .............3,610,056 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................189,892 .......................... .......................... ...........................0<br />
00C99271................. RICHMOND............................. VA....... ............ 02/17/2000 .................. .............1,255,123 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,407 .......................... .......................... ...........................0<br />
00C99272................. BRECKSVILLE........................ OH...... ............ 11/30/1999 .................. ................907,244 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................93,997 .......................... .......................... ...........................0<br />
00C99273................. BRECKSVILLE........................ OH...... ............ 11/30/1999 .................. .............2,117,083 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................219,298 .......................... .......................... ...........................0<br />
00C99275................. PALATKA................................ FL........ ............ 10/25/1999 .................. .............1,284,962 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,793 .......................... .......................... ...........................0<br />
00C99276................. RIVERSIDE............................. CA....... ............ 12/01/1999 .................. .............5,952,778 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................313,115 .......................... .......................... ...........................0<br />
00D20232................. FRISCO................................... TX....... ............ 11/21/2000 .................. ...........14,831,822 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................228,178 .......................... .......................... ...........................0<br />
00D23246................. AVENTURA............................. FL........ ............ 12/09/2003 .................. ...........14,324,739 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................498,576 .......................... .......................... ...........................0<br />
00D23247................. CHANDLER............................. AZ....... ............ 11/13/2003 .................. .............5,267,298 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................204,955 .......................... .......................... ...........................0<br />
00D25222................. FORT LAUDERDALE............. FL........ ............ 03/21/2005 .................. ...........12,027,109 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................195,847 .......................... .......................... ...........................0<br />
00D25223................. SANDY.................................... UT....... ............ 03/28/2005 .................. .............2,825,986 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................157,081 .......................... .......................... ...........................0<br />
00D25224................. OMAHA.................................... NE....... ............ 03/31/2005 .................. .............2,521,103 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................59,563 .......................... .......................... ...........................0<br />
00D25233................. ATLANTA................................ GA....... ............ 03/16/2005 .................. ...........11,639,099 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................173,685 .......................... .......................... ...........................0<br />
00D25270................. WELLINGTON......................... FL........ ............ 12/30/2005 .................. .............9,472,125 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................300,282 .......................... .......................... ...........................0<br />
00D25274................. WOODBRIDGE....................... IL......... ............ 08/17/2005 .................. .............7,045,492 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................122,414 .......................... .......................... ...........................0<br />
00D25278................. LYNDHURST.......................... OH...... ............ 12/01/2005 .................. ...........13,454,864 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................306,993 .......................... .......................... ...........................0<br />
00D25280................. VALENCIA............................... CA....... ............ 09/30/2005 .................. ...........13,062,479 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................218,756 .......................... .......................... ...........................0<br />
00D25295................. MIDDLETOWN........................ NY....... ............ 12/08/2005 .................. ...........12,062,158 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................390,156 .......................... .......................... ...........................0<br />
00D25299................. OMAHA.................................... NE....... ............ 12/15/2005 .................. .............4,981,062 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................109,641 .......................... .......................... ...........................0<br />
00G17307................. SUN PRAIRIE.......................... WI....... ............ 06/01/2000 .................. .............1,000,332 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................57,463 .......................... .......................... ...........................0<br />
00G17438................. CHARLOTTE........................... NC....... ............ 10/01/2000 .................. ................114,733 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................105,522 .......................... .......................... ...........................0<br />
00G17454................. ALBUQUERQUE..................... NM...... ............ 10/01/2000 .................. ................696,230 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,906 .......................... .......................... ...........................0
E06.15<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00G17508................. ALOHA..................................... OR...... ............ 10/01/2000 .................. ................172,601 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,349 .......................... .......................... ...........................0<br />
00G17532................. DALLAS................................... TX....... ............ 10/01/2000 .................. ................160,152 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................93,366 .......................... .......................... ...........................0<br />
00G17591................. FORT WAYNE........................ IN........ ............ 10/01/2000 .................. ................265,433 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,606 .......................... .......................... ...........................0<br />
00G17592................. TUCSON................................. AZ....... ............ 10/01/2000 .................. ................262,265 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................25,093 .......................... .......................... ...........................0<br />
00G17595................. BEND....................................... OR...... ............ 10/01/2000 .................. ................186,189 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,845 .......................... .......................... ...........................0<br />
00G17613................. SALT LAKE CITY.................... UT....... ............ 10/01/2000 .................. ................391,053 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,277 .......................... .......................... ...........................0<br />
00G17646................. GLENDALE............................. AZ....... ............ 10/01/2000 .................. ................199,794 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................56,045 .......................... .......................... ...........................0<br />
00G17735................. BELLEVUE.............................. WA...... ............ 10/01/2000 .................. ................444,071 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,882 .......................... .......................... ...........................0<br />
00G17818................. OKLAHOMA CITY................... OK....... ............ 10/01/2000 .................. ................109,382 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,919 .......................... .......................... ...........................0<br />
00G17858................. SALT LAKE CITY.................... UT....... ............ 10/01/2000 .................. ................863,457 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................61,510 .......................... .......................... ...........................0<br />
00G17859................. SANTA ROSA......................... CA....... ............ 10/01/2000 .................. ................524,976 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,482 .......................... .......................... ...........................0<br />
00G17861................. SANTA ROSA......................... CA....... ............ 10/01/2000 .................. ................233,030 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................43,633 .......................... .......................... ...........................0<br />
00G17893................. SANTA CLARA....................... CA....... ............ 10/01/2000 .................. ................564,921 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................96,993 .......................... .......................... ...........................0<br />
00G17894................. NORMAN................................. OK....... ............ 10/01/2000 .................. .............1,507,118 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,300 .......................... .......................... ...........................0<br />
00G17908................. BLOOMINGDALE.................... IL......... ............ 10/01/2000 .................. ................720,394 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,998 .......................... .......................... ...........................0<br />
00G17913................. SALEM..................................... OR...... ............ 10/01/2000 .................. ................827,288 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................4,522 .......................... .......................... ...........................0<br />
00G17929................. GOLDEN................................. CO...... ............ 10/01/2000 .................. ................311,031 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................36,743 .......................... .......................... ...........................0<br />
00G17955................. NATICK.................................... MA...... ............ 10/01/2000 .................. ................236,664 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................39,519 .......................... .......................... ...........................0<br />
00G17956................. SANTA CLARA....................... CA....... ............ 10/01/2000 .................. ................165,911 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................140,655 .......................... .......................... ...........................0<br />
00G17958................. OMAHA.................................... NE....... ............ 10/01/2000 .................. ................251,637 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................56,044 .......................... .......................... ...........................0<br />
00G17971................. TUMWATER............................ WA...... ............ 10/01/2000 .................. ................351,157 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,568 .......................... .......................... ...........................0<br />
00G17976................. COLUMBIA CITY.................... IN........ ............ 10/01/2000 .................. ................867,578 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................31,818 .......................... .......................... ...........................0<br />
00G17980................. LINCOLN................................. NE....... ............ 10/01/2000 .................. ................566,190 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,254 .......................... .......................... ...........................0<br />
00G17990................. BURLINGTON......................... MA...... ............ 10/01/2000 .................. ................370,320 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................57,991 .......................... .......................... ...........................0<br />
00G17992................. OMAHA.................................... NE....... ............ 10/01/2000 .................. ................515,654 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,839 .......................... .......................... ...........................0<br />
00G18012................. LAS VEGAS............................ NV....... ............ 10/01/2000 .................. ................333,121 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,752 .......................... .......................... ...........................0<br />
00G18013................. KIRKWOOD............................. MO...... ............ 10/01/2000 .................. ................572,600 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................18,633 .......................... .......................... ...........................0<br />
00G18014................. FENTON.................................. MO...... ............ 10/01/2000 .................. ................793,314 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................121,783 .......................... .......................... ...........................0<br />
00G18020................. SALEM..................................... OR...... ............ 10/01/2000 .................. ................841,186 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,564 .......................... .......................... ...........................0<br />
00G18025................. ORLANDO............................... FL........ ............ 10/01/2000 .................. ................632,730 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,812 .......................... .......................... ...........................0<br />
00G18036................. SAN JOSE............................... CA....... ............ 10/01/2000 .................. .............1,637,474 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................37,261 .......................... .......................... ...........................0<br />
00G18044................. MEDFORD.............................. OR...... ............ 10/01/2000 .................. ................649,768 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,867 .......................... .......................... ...........................0<br />
00G18045................. MILIPITAS............................... CA....... ............ 10/01/2000 .................. ................350,876 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................50,148 .......................... .......................... ...........................0<br />
00G18046................. SUNNYVALE........................... CA....... ............ 10/01/2000 .................. .............1,491,726 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,111 .......................... .......................... ...........................0<br />
00G18054................. LAS VEGAS............................ NV....... ............ 10/01/2000 .................. ................280,219 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................30,901 .......................... .......................... ...........................0<br />
00G18124................. ST. PETERS............................ MO...... ............ 10/01/2000 .................. ................916,351 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................56,739 .......................... .......................... ...........................0<br />
00G18125................. ST. PETERS............................ MO...... ............ 10/01/2000 .................. ................916,351 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................56,739 .......................... .......................... ...........................0<br />
00G18160................. OKLAHOMA CITY................... OK....... ............ 10/01/2000 .................. ................740,629 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................222,370 .......................... .......................... ...........................0<br />
00G18240................. CHANDLER............................. AZ....... ............ 10/01/2000 .................. ................585,616 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................37,526 .......................... .......................... ...........................0<br />
00G18241................. NORTHVILLE TOWN.............. MI........ ............ 10/01/2000 .................. ................656,886 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................147,681 .......................... .......................... ...........................0<br />
00G18242................. PORTLAND............................. OR...... ............ 10/01/2000 .................. ................570,864 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,463 .......................... .......................... ...........................0<br />
00G18243................. TROY....................................... MI........ ............ 10/01/2000 .................. ................802,210 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,527 .......................... .......................... ...........................0<br />
00G18244................. NORTHBROOK....................... IL......... ............ 10/01/2000 .................. ................525,015 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................18,095 .......................... .......................... ...........................0<br />
00G18246................. MERIDIAN............................... ID........ ............ 10/01/2000 .................. ................808,854 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,931 .......................... .......................... ...........................0<br />
00G18249................. BURIEN................................... WA...... ............ 10/01/2000 .................. .............1,358,680 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................41,252 .......................... .......................... ...........................0<br />
00G18251................. MURRAY................................. UT....... ............ 10/01/2000 .................. .............1,025,589 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,622 .......................... .......................... ...........................0<br />
00G18252................. EUGENE................................. OR...... ............ 10/01/2000 .................. ................760,137 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................40,043 .......................... .......................... ...........................0<br />
00G20211................. DAYTONA BEACH................. FL........ ............ 10/01/2000 .................. .............2,296,220 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,012 .......................... .......................... ...........................0<br />
00G20215................. WORTHINGTON..................... OH...... ............ 10/01/2000 .................. .............3,933,762 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,915 .......................... .......................... ...........................0<br />
00G20220................. MORRISVILLE........................ NC....... ............ 10/01/2000 .................. .............5,248,157 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................81,549 .......................... .......................... ...........................0
E06.16<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
00G48601................. ALBUQUERQUE..................... NM...... ............ 10/01/2000 .................. .............1,018,202 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................225,140 .......................... .......................... ...........................0<br />
00G50699................. WEST BRANCH...................... MI........ ............ 10/01/2000 .................. ................614,784 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................78,237 .......................... .......................... ...........................0<br />
00G56801................. MADISON................................ WI....... ............ 10/01/2000 .................. ................876,041 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,455 .......................... .......................... ...........................0<br />
00G59501................. SALEM..................................... OR...... ............ 10/01/2000 .................. ................128,996 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................38,009 .......................... .......................... ...........................0<br />
00L26278.................. SAN JOSE............................... CA....... ............ 12/29/2006 .................. ...........11,053,982 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................515,301 .......................... .......................... ...........................0<br />
00L26284.................. THE COLONY......................... TX....... ............ 12/19/2006 .................. .............8,717,198 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................118,545 .......................... .......................... ...........................0<br />
00M96216................. ALPHARETTA......................... GA....... ............ 01/01/1997 .................. .............5,273,811 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,391 .......................... .......................... ...........................0<br />
00M96227................. RALEIGH................................. NC....... ............ 06/03/1997 .................. .............3,085,560 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................106,343 .......................... .......................... ...........................0<br />
00M96256................. MARIETTA.............................. GA....... ............ 01/01/1997 .................. ................506,086 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................114,066 .......................... .......................... ...........................0<br />
00M96257................. LILBURN................................. GA....... ............ 01/01/1997 .................. ................467,161 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................105,291 .......................... .......................... ...........................0<br />
00M96259................. VIENNA................................... VA....... ............ 01/01/1997 .................. .............1,490,351 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,564 .......................... .......................... ...........................0<br />
00M96262................. GEORGETOWN...................... SC....... ............ 01/01/1997 .................. ................916,882 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,041 .......................... .......................... ...........................0<br />
00M96281................. HOUSTON............................... TX....... ............ 01/01/1997 .................. ................795,557 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,341 .......................... .......................... ...........................0<br />
00M96284................. KANSAS CITY......................... MO...... ............ 04/01/1997 .................. .............1,119,079 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................241,680 .......................... .......................... ...........................0<br />
00M96287................. SOLON.................................... OH...... ............ 12/31/1996 .................. ................255,526 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................235,112 .......................... .......................... ...........................0<br />
00M96292................. MONETA................................. VA....... ............ 01/31/1997 .................. ................818,572 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................186,656 .......................... .......................... ...........................0<br />
00M97224................. STUART.................................. FL........ ............ 06/13/1997 .................. .............1,123,434 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................83,337 .......................... .......................... ...........................0<br />
00M97235................. SACRAMENTO....................... CA....... ............ 03/19/1997 .................. .............2,268,967 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................272,619 .......................... .......................... ...........................0<br />
00Z97275.................. HUNTERSVILLE..................... NC....... ............ 10/31/2005 .................. .............4,867,789 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,561 .......................... .......................... ...........................0<br />
00Z98253.................. CHANTILLY............................. VA....... ............ 06/03/2004 .................. .............1,865,447 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................43,912 .......................... .......................... ...........................0<br />
00Z98259.................. PLYMOUTH............................. MN...... ............ 12/29/2004 .................. .............1,124,586 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,787 .......................... .......................... ...........................0<br />
00Z99269.................. CHANTILLY............................. VA....... ............ 06/03/2004 .................. .............3,730,940 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,808 .......................... .......................... ...........................0<br />
1601500.................... FORT WAYNE........................ IN........ ............ 03/30/1993 .................. ................345,121 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................257,942 .......................... .......................... ...........................0<br />
15377300.................. KANSAS CITY......................... MO...... ............ 07/21/1976 .................. ................733,686 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,713 .......................... .......................... ...........................0<br />
15384585.................. PALO ALTO............................. CA....... ............ 07/01/2001 .................. ..................71,196 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................53,234 .......................... .......................... ...........................0<br />
15386685.................. RICHMOND............................. VA....... ............ 07/01/2001 .................. ................586,220 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................525,701 .......................... .......................... ...........................0<br />
15394285.................. PALO ALTO............................. CA....... ............ 07/01/2001 .................. ..................36,493 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................27,272 .......................... .......................... ...........................0<br />
15465300.................. DOWNERS GROVE............... IL......... ............ 12/03/1979 .................. ................350,262 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................33,755 .......................... .......................... ...........................0<br />
15465700.................. HAZELWOOD......................... MO...... ............ 10/16/1978 .................. ..................27,847 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................24,967 .......................... .......................... ...........................0<br />
15465900.................. STOCKTON............................. CA....... ............ 10/16/1978 .................. ..................24,520 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................21,986 .......................... .......................... ...........................0<br />
15471700.................. SAN DIEGO............................. CA....... ............ 11/01/1978 .................. ..................26,515 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,775 .......................... .......................... ...........................0<br />
15483800.................. ARLINGTON............................ TX....... ............ 09/13/1978 .................. ....................2,757 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................2,440 .......................... .......................... ...........................0<br />
15484800.................. DALLAS................................... TX....... ............ 10/12/1978 .................. ....................3,176 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................2,115 .......................... .......................... ...........................0<br />
15492900.................. FORT WAYNE........................ IN........ ............ 01/25/1979 .................. ..................30,371 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................27,226 .......................... .......................... ...........................0<br />
15493000.................. CARROLLTON........................ GA....... ............ 01/25/1979 .................. ..................22,791 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................20,431 .......................... .......................... ...........................0<br />
15573300.................. WICHITA.................................. KS....... ............ 09/28/1979 .................. ..................11,709 .......................... .....................21 .......................... .......................... .....................21 .......................... .............................. ....................6,693 .......................... .......................... ...........................0<br />
15581600.................. DUMFRIES.............................. VA....... ............ 11/14/1979 .................. ..................20,771 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................9,859 .......................... .......................... ...........................0<br />
15659800.................. BURNSVILLE.......................... MN...... ............ 08/17/1979 .................. ..................11,123 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................5,617 .......................... .......................... ...........................0<br />
15670600.................. CASPER.................................. WY...... ............ 03/07/1980 .................. ..................13,974 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................6,262 .......................... .......................... ...........................0<br />
15694900.................. PALO ALTO............................. CA....... ............ 08/29/1986 .................. ................522,862 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,756 .......................... .......................... ...........................0<br />
15696700.................. LOMBARD............................... IL......... ............ 04/04/1994 .................. ................633,631 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................439,078 .......................... .......................... ...........................0<br />
15705400.................. FOUNTAIN VALLEY............... CA....... ............ 05/01/1989 .................. .............1,997,147 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................224,477 .......................... .......................... ...........................0<br />
15734000.................. MENTOR................................. OH...... ............ 06/04/1993 .................. .............3,153,970 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................187,900 .......................... .......................... ...........................0<br />
15734100.................. PAINESVILLE......................... OH...... ............ 04/06/1993 .................. .............3,310,579 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................202,173 .......................... .......................... ...........................0<br />
15736300.................. FRESNO.................................. CA....... ............ 09/02/1993 .................. .............2,129,942 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................126,466 .......................... .......................... ...........................0<br />
15737600.................. MCMURRAY........................... PA....... ............ 12/17/1993 .................. .............3,604,160 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................469,339 .......................... .......................... ...........................0<br />
15738600.................. SOUTH ATTLEBORO............. MA...... ............ 07/23/1993 .................. ...........18,105,208 .......................... .............(71,524) .......................... .......................... .............(71,524) .......................... .............................. ................168,736 .......................... .......................... ...........................0<br />
15738601.................. SOUTH ATTLEBORO............. MA...... ............ 05/16/2006 .................. ...........30,934,290 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................430,200 .......................... .......................... ...........................0<br />
15739400.................. OAK PARK.............................. MI........ ............ 07/29/1993 .................. ................932,968 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,953 .......................... .......................... ...........................0<br />
15740000.................. COLUMBIA.............................. SC....... ............ 05/27/1994 .................. .............3,531,374 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................420,345 .......................... .......................... ...........................0
E06.17<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15742802.................. LAREDO.................................. TX....... ............ 09/08/2005 .................. ...........12,200,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................482,269 .......................... .......................... ...........................0<br />
15742811.................. LAREDO.................................. TX....... ............ 09/09/2005 .................. ................679,214 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................507,731 .......................... .......................... ...........................0<br />
15745400.................. LA MIRADA............................. CA....... ............ 12/10/1993 .................. ................348,627 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................341,211 .......................... .......................... ...........................0<br />
15746400.................. PITTSBURGH......................... PA....... ............ 03/30/1994 .................. .............1,609,801 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................201,906 .......................... .......................... ...........................0<br />
15753300.................. LINCOLN................................. NE....... ............ 10/27/1994 .................. .............1,688,268 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................846,580 .......................... .......................... ...........................0<br />
15756200.................. SUN PRAIRIE.......................... WI....... ............ 12/27/1994 .................. .............2,490,943 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................231,639 .......................... .......................... ...........................0<br />
15763400.................. ENCINO................................... CA....... ............ 06/05/1995 .................. ...........14,035,425 .......................... .............(50,678) .......................... .......................... .............(50,678) .......................... .............................. ................946,603 .......................... .......................... ...........................0<br />
15764500.................. NORTH KANSAS CITY........... MO...... ............ 05/12/1995 .................. .............1,450,067 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................529,925 .......................... .......................... ...........................0<br />
15764501.................. NORTH KANSAS CITY........... MO...... ............ 06/20/2001 .................. ................852,520 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,015 .......................... .......................... ...........................0<br />
15767900.................. KENNEDY TOWNSHIP.......... PA....... ............ 07/20/1995 .................. .............2,680,923 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................256,058 .......................... .......................... ...........................0<br />
15769600.................. MURRYSVILLE....................... PA....... ............ 07/20/1995 .................. .............1,557,261 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................149,931 .......................... .......................... ...........................0<br />
15770000.................. BERKELEY.............................. CA....... ............ 08/22/1995 .................. .............2,352,361 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................224,676 .......................... .......................... ...........................0<br />
15778100.................. CANTON................................. OH...... ............ 11/09/1995 .................. .............2,489,834 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................231,107 .......................... .......................... ...........................0<br />
15779900.................. SOUTHFIELD.......................... MI........ ............ 10/10/1995 .................. .............1,698,737 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................536,190 .......................... .......................... ...........................0<br />
15781701.................. HILLTOWN TOWNSHIP......... PA....... ............ 11/03/1995 .................. ...........10,898,988 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................441,168 .......................... .......................... ...........................0<br />
15782301.................. MEMPHIS................................ TN....... ............ 01/10/1996 .................. .............1,642,135 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,098 .......................... .......................... ...........................0<br />
15786200.................. PARMA.................................... OH...... ............ 03/04/1996 .................. .............4,341,915 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................169,382 .......................... .......................... ...........................0<br />
15786700.................. SOMERSET............................ PA....... ............ 06/25/1996 .................. .............3,258,582 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................276,291 .......................... .......................... ...........................0<br />
15786701.................. SOMERSET............................ PA....... ............ 09/27/2004 .................. .............1,639,568 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................57,465 .......................... .......................... ...........................0<br />
15792000.................. SAN ANTONIO........................ TX....... ............ 03/19/1996 .................. .............4,371,215 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. .............1,187,453 .......................... .......................... ...........................0<br />
15799000.................. INDIANAPOLIS....................... IN........ ............ 07/02/1996 .................. ................348,377 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................160,074 .......................... .......................... ...........................0<br />
15801600.................. EVANSVILLE.......................... IN........ ............ 05/13/1997 .................. ...........17,061,050 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................603,415 .......................... .......................... ...........................0<br />
15803100.................. OVERLAND PARK.................. KS....... ............ 09/11/1996 .................. .............2,020,120 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................467,383 .......................... .......................... ...........................0<br />
15804600.................. MINNEAPOLIS........................ MN...... ............ 09/27/1996 .................. .............2,600,581 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,519 .......................... .......................... ...........................0<br />
15805600.................. DALLAS................................... TX....... ............ 12/23/1996 .................. ...........18,746,078 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................750,258 .......................... .......................... ...........................0<br />
15807300.................. MERCED................................. CA....... ............ 05/15/1997 .................. .............1,710,381 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,666 .......................... .......................... ...........................0<br />
15807800.................. BANGOR................................. ME...... ............ 01/16/1997 .................. .............3,790,011 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................286,886 .......................... .......................... ...........................0<br />
15810500.................. MOLINE................................... IL......... ............ 03/27/1997 .................. ...........17,305,049 .......................... .......................1 .......................... .......................... .......................1 .......................... .............................. .............1,012,252 .......................... .......................... ...........................0<br />
15811500.................. WICHITA.................................. KS....... ............ 02/24/1997 .................. .............4,006,616 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................306,856 .......................... .......................... ...........................0<br />
15811600.................. LOUISVILLE............................ KY....... ............ 04/04/1997 .................. .............3,326,323 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................671,074 .......................... .......................... ...........................0<br />
15812200.................. TRENTON............................... NJ....... ............ 04/01/1997 .................. .............3,995,652 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................302,461 .......................... .......................... ...........................0<br />
15816001.................. ALCOA..................................... TN....... ............ 09/22/1997 .................. .............2,373,322 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................418,872 .......................... .......................... ...........................0<br />
15816002.................. ALCOA..................................... TN....... ............ 01/08/1998 .................. ................568,200 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,139 .......................... .......................... ...........................0<br />
15816900.................. SAN MARCOS........................ TX....... ............ 09/30/1997 .................. .............2,839,147 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................110,021 .......................... .......................... ...........................0<br />
15817100.................. GRANADA HILLS.................... CA....... ............ 10/20/1997 .................. .............6,746,381 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................476,822 .......................... .......................... ...........................0<br />
15817800.................. ROSSVILLE............................. MD...... ............ 11/25/1997 .................. .............2,350,535 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................403,420 .......................... .......................... ...........................0<br />
15817900.................. JEFFERSON CITY.................. MO...... ............ 10/14/1998 .................. .............7,663,094 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................210,574 .......................... .......................... ...........................0<br />
15818000.................. RICHLAND TOWNSHIP......... PA....... ............ 11/07/1997 .................. ...........12,847,375 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................429,096 .......................... .......................... ...........................0<br />
15818100.................. DAKOTA DUNES.................... SD....... ............ 02/18/1998 .................. .............4,583,334 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................305,509 .......................... .......................... ...........................0<br />
15818900.................. KANSAS CITY......................... MO...... ............ 11/26/1997 .................. .............1,118,041 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................678,004 .......................... .......................... ...........................0<br />
15819011.................. SEATTLE................................. WA...... ............ 08/25/1998 .................. ...........10,498,122 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................727,670 .......................... .......................... ...........................0<br />
15819100.................. MINNEAPOLIS........................ MN...... ............ 12/18/1997 .................. .............6,356,339 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................231,549 .......................... .......................... ...........................0<br />
15819411.................. WEST MIFFLIN....................... PA....... ............ 08/25/1998 .................. .............2,941,487 .......................... ...............(1,165) .......................... .......................... ...............(1,165) .......................... .............................. ................205,947 .......................... .......................... ...........................0<br />
15820000.................. DANVILLE............................... CA....... ............ 05/28/1998 .................. .............8,498,871 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................31,367 .......................... .......................... ...........................0<br />
15820200.................. WATKINSVILLE...................... GA....... ............ 03/27/1998 .................. ................795,685 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................30,072 .......................... .......................... ...........................0<br />
15821100.................. VALLEY VIEW......................... OH...... ............ 08/25/1998 .................. ...........17,323,369 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................523,249 .......................... .......................... ...........................0<br />
15821500.................. INDIANAPOLIS....................... IN........ ............ 10/30/1998 .................. ...........25,163,865 .......................... ......................(4) .......................... .......................... ......................(4) .......................... .............................. .............1,276,266 .......................... .......................... ...........................0<br />
15821800.................. FRESNO.................................. CA....... ............ 11/09/1998 .................. .............1,823,482 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................117,887 .......................... .......................... ...........................0<br />
15822200.................. NEW ORLEANS...................... LA....... ............ 03/09/1999 .................. .............5,050,264 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,906 .......................... .......................... ...........................0<br />
15822300.................. TOPEKA.................................. KS....... ............ 11/24/1998 .................. .............4,329,833 .......................... ...................301 .......................... .......................... ...................301 .......................... .............................. ................155,852 .......................... .......................... ...........................0<br />
15822400.................. ANNAPOLIS............................ MD...... ............ 12/29/1998 .................. .............9,709,907 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................350,952 .......................... .......................... ...........................0
E06.18<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15822401.................. ANNAPOLIS............................ MD...... ............ 05/04/2005 .................. ................955,696 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................19,277 .......................... .......................... ...........................0<br />
15822500.................. ANNAPOLIS............................ MD...... ............ 12/29/1998 .................. .............4,126,711 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................149,154 .......................... .......................... ...........................0<br />
15822600.................. ANNAPOLIS............................ MD...... ............ 12/29/1998 .................. .............4,045,795 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................146,230 .......................... .......................... ...........................0<br />
15823100.................. TIMONIUM.............................. MD...... ............ 12/31/1998 .................. ...........24,275,754 .......................... ................6,574 .......................... .......................... ................6,574 .......................... .............................. ................873,493 .......................... .......................... ...........................0<br />
15823700.................. SAN FRANCISCO................... CA....... ............ 12/30/1998 .................. .............4,486,098 .......................... ..............22,164 .......................... .......................... ..............22,164 .......................... .............................. ................483,235 .......................... .......................... ...........................0<br />
15824100.................. PHILADELPHIA....................... PA....... ............ 12/17/1998 .................. .............2,831,579 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................132,775 .......................... .......................... ...........................0<br />
15824211.................. KERRVILLE............................. TX....... ............ 12/18/2003 .................. ................484,262 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................442,431 .......................... .......................... ...........................0<br />
15824300.................. STERLING............................... VA....... ............ 12/29/1998 .................. .............3,730,406 .......................... ..............24,479 .......................... .......................... ..............24,479 .......................... .............................. ................245,094 .......................... .......................... ...........................0<br />
15824400.................. PONTIAC................................. MI........ ............ 11/24/1998 .................. .............5,000,072 .......................... ..............52,787 .......................... .......................... ..............52,787 .......................... .............................. ................606,488 .......................... .......................... ...........................0<br />
15824500.................. WESTMINSTER...................... CO...... ............ 01/06/1999 .................. .............2,088,646 .......................... ................6,858 .......................... .......................... ................6,858 .......................... .............................. ................133,429 .......................... .......................... ...........................0<br />
15824600.................. FORT MYERS......................... FL........ ............ 12/17/1998 .................. .............1,892,901 .......................... ..............11,209 .......................... .......................... ..............11,209 .......................... .............................. ................262,667 .......................... .......................... ...........................0<br />
15825200.................. MORRISVILLE........................ NC....... ............ 03/26/1999 .................. .............4,108,831 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................141,195 .......................... .......................... ...........................0<br />
15825400.................. FOSTER CITY......................... CA....... ............ 04/19/1999 .................. .............7,729,308 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................29,241 .......................... .......................... ...........................0<br />
15825700.................. WYOMISSING......................... PA....... ............ 06/16/1999 .................. .............1,766,632 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................218,129 .......................... .......................... ...........................0<br />
15825800.................. WYOMISSING......................... PA....... ............ 06/16/1999 .................. .............3,043,167 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................375,744 .......................... .......................... ...........................0<br />
15825900.................. WYOMISSING......................... PA....... ............ 06/16/1999 .................. .............1,939,280 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................239,556 .......................... .......................... ...........................0<br />
15826000.................. NEW YORK............................. NY....... ............ 04/12/1999 .................. .............8,464,719 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................201,525 .......................... .......................... ...........................0<br />
15826400.................. PETALUMA............................. CA....... ............ 06/24/1999 .................. .............4,183,359 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................134,655 .......................... .......................... ...........................0<br />
15826600.................. EL PASO................................. TX....... ............ 04/30/1999 .................. .............1,399,604 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................178,042 .......................... .......................... ...........................0<br />
15826800.................. HERNDON.............................. VA....... ............ 06/30/1999 .................. ...........11,797,259 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................684,456 .......................... .......................... ...........................0<br />
15827000.................. IRVINE..................................... CA....... ............ 07/27/1999 .................. ...........21,534,804 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................724,177 .......................... .......................... ...........................0<br />
15827201.................. LAREDO.................................. TX....... ............ 02/04/2000 .................. .............7,409,514 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................686,803 .......................... .......................... ...........................0<br />
15827300.................. HONOLULU............................. HI........ ............ 08/11/1999 .................. ...........31,831,389 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................544,941 .......................... .......................... ...........................0<br />
15827400.................. BOSTON................................. MA...... ............ 07/30/1999 .................. ...........34,293,129 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. .............1,107,789 .......................... .......................... ...........................0<br />
15827800.................. SAN DIEGO............................. CA....... ............ 06/30/1999 .................. ...........55,668,052 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................948,532 .......................... .......................... ...........................0<br />
15828100.................. WILLOW GROVE.................... PA....... ............ 09/29/1999 .................. .............2,269,787 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................159,939 .......................... .......................... ...........................0<br />
15828200.................. WILLOW GROVE.................... PA....... ............ 09/09/1999 .................. .............4,006,922 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................169,513 .......................... .......................... ...........................0<br />
15828300.................. SOUTHHAMPTON.................. PA....... ............ 09/20/1999 .................. .............2,934,938 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................122,946 .......................... .......................... ...........................0<br />
15828301.................. SOUTHHAMPTON.................. PA....... ............ 05/04/2006 .................. ................963,741 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................24,745 .......................... .......................... ...........................0<br />
15828400.................. WARMINSTER........................ PA....... ............ 09/29/1999 .................. .............2,251,458 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,315 .......................... .......................... ...........................0<br />
15828500.................. HUNTINGDON VALLEY......... PA....... ............ 09/29/1999 .................. .............4,422,509 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................185,262 .......................... .......................... ...........................0<br />
15828700.................. CLEVELAND........................... OH...... ............ 12/22/1999 .................. ...........14,868,210 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................767,813 .......................... .......................... ...........................0<br />
15828900.................. MOUNTAIN VIEW................... CA....... ............ 11/22/1999 .................. ................921,800 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................102,094 .......................... .......................... ...........................0<br />
15829000.................. YOUNGSTOWN...................... OH...... ............ 11/17/1999 .................. .............2,203,839 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,863 .......................... .......................... ...........................0<br />
15829200.................. WARMINSTER........................ PA....... ............ 10/05/1999 .................. .............1,198,359 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................138,061 .......................... .......................... ...........................0<br />
15829300.................. TAYLOR MILL......................... KY....... ............ 10/18/1999 .................. .............6,792,571 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................122,482 .......................... .......................... ...........................0<br />
15829700.................. MENLO PARK......................... CA....... ............ 01/20/2000 .................. .............9,581,788 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................164,000 .......................... .......................... ...........................0<br />
15829900.................. SAN ANTONIO........................ TX....... ............ 11/13/2000 .................. .............8,013,896 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................199,760 .......................... .......................... ...........................0<br />
15829901.................. SAN ANTONIO........................ TX....... ............ 04/01/2004 .................. ................829,956 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................54,095 .......................... .......................... ...........................0<br />
15830300.................. DANVILLE............................... CA....... ............ 05/05/2000 .................. .............2,708,474 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,459 .......................... .......................... ...........................0<br />
15830500.................. DURHAM................................. NC....... ............ 03/24/2000 .................. .............4,608,369 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,449 .......................... .......................... ...........................0<br />
15830600.................. BELLEVUE.............................. WA...... ............ 09/29/2000 .................. ...........32,438,958 .......................... ..............51,637 .......................... .......................... ..............51,637 .......................... .............................. ................979,717 .......................... .......................... ...........................0<br />
15830800.................. BOTHELL................................ WA...... ............ 03/31/2000 .................. ...........23,405,499 .......................... .......................1 .......................... .......................... .......................1 .......................... .............................. .............1,137,212 .......................... .......................... ...........................0<br />
15830900.................. BOTHELL................................ WA...... ............ 03/31/2000 .................. .............3,206,879 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................155,814 .......................... .......................... ...........................0<br />
15831200.................. FORT WORTH........................ TX....... ............ 05/25/2000 .................. .............5,270,171 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................528,305 .......................... .......................... ...........................0<br />
15831300.................. FORT WORTH........................ TX....... ............ 05/25/2000 .................. .............3,936,362 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................394,598 .......................... .......................... ...........................0<br />
15831500.................. LAKE COUNTY....................... OH...... ............ 04/28/2000 .................. .............4,959,842 .......................... ...............(6,741) .......................... .......................... ...............(6,741) .......................... .............................. ................233,090 .......................... .......................... ...........................0<br />
15832200.................. LYNNWOOD........................... WA...... ............ 10/26/2000 .................. .............5,777,650 .......................... .............(10,932) .......................... .......................... .............(10,932) .......................... .............................. ................257,313 .......................... .......................... ...........................0<br />
15832500.................. DOVER.................................... DE....... ............ 06/14/2000 .................. .............3,818,707 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................164,292 .......................... .......................... ...........................0<br />
15832700.................. WINDSOR............................... CA....... ............ 09/12/2000 .................. .............3,533,621 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................158,703 .......................... .......................... ...........................0
E06.19<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15833101.................. PLANO..................................... TX....... ............ 12/13/2000 .................. .............8,372,579 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................131,596 .......................... .......................... ...........................0<br />
15833500.................. SACRAMENTO....................... CA....... ............ 11/21/2000 .................. .............5,037,233 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................129,126 .......................... .......................... ...........................0<br />
15833600.................. NAPA....................................... CA....... ............ 11/29/2000 .................. .............3,512,736 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................316,879 .......................... .......................... ...........................0<br />
15833700.................. COLUMBIA.............................. MD...... ............ 12/21/2000 .................. .............8,488,432 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................202,981 .......................... .......................... ...........................0<br />
15833800.................. DANVILLE............................... CA....... ............ 12/22/2000 .................. .............3,511,925 .......................... ................4,509 .......................... .......................... ................4,509 .......................... .............................. ..................90,653 .......................... .......................... ...........................0<br />
15833900.................. SAN MARCOS........................ TX....... ............ 12/20/2000 .................. .............3,194,833 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................28,485 .......................... .......................... ...........................0<br />
15834000.................. ROCKY HILL........................... CT....... ............ 11/22/2000 .................. .............8,686,992 .......................... ..............20,596 .......................... .......................... ..............20,596 .......................... .............................. ................229,598 .......................... .......................... ...........................0<br />
15834100.................. ROCKY HILL........................... CT....... ............ 11/22/2000 .................. .............7,209,970 .......................... ..............19,898 .......................... .......................... ..............19,898 .......................... .............................. ................190,793 .......................... .......................... ...........................0<br />
15834200.................. ROCKY HILL........................... CT....... ............ 11/22/2000 .................. .............6,806,749 .......................... ..............28,178 .......................... .......................... ..............28,178 .......................... .............................. ................180,168 .......................... .......................... ...........................0<br />
15834300.................. FRANKLIN TOWNSHIP.......... NJ....... ............ 01/04/2001 .................. .............6,447,417 .......................... ..............25,866 .......................... .......................... ..............25,866 .......................... .............................. ................165,916 .......................... .......................... ...........................0<br />
15834500.................. AMERST.................................. NY....... ............ 02/16/2001 .................. .............2,139,959 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................191,178 .......................... .......................... ...........................0<br />
15834600.................. Costa Mesa............................. CA....... ............ 02/27/2001 .................. .............4,182,858 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,499 .......................... .......................... ...........................0<br />
15834800.................. BELLEVUE.............................. OH...... ............ 12/22/2000 .................. .............1,022,012 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................304,359 .......................... .......................... ...........................0<br />
15835000.................. Evesham.................................. NJ....... ............ 04/20/2001 .................. .............1,697,307 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,557 .......................... .......................... ...........................0<br />
15835100.................. Petaluma................................. CA....... ............ 04/06/2001 .................. .............4,732,883 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................126,654 .......................... .......................... ...........................0<br />
15835200.................. San Ramon.............................. CA....... ............ 03/27/2001 .................. .............7,713,496 .......................... ..............57,699 .......................... .......................... ..............57,699 .......................... .............................. ................212,033 .......................... .......................... ...........................0<br />
15835500.................. BUFFALO................................ NY....... ............ 03/29/2001 .................. .............5,247,600 .......................... ..............20,199 .......................... .......................... ..............20,199 .......................... .............................. ................247,407 .......................... .......................... ...........................0<br />
15835600.................. Santa Rosa.............................. CA....... ............ 01/31/2001 .................. .............2,592,767 .......................... ................9,941 .......................... .......................... ................9,941 .......................... .............................. ..................70,735 .......................... .......................... ...........................0<br />
15835800.................. New Orleans............................ LA....... ............ 03/30/2001 .................. .............4,632,271 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................196,002 .......................... .......................... ...........................0<br />
15835900.................. Skokie...................................... IL......... ............ 05/24/2001 .................. .............5,712,915 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................257,885 .......................... .......................... ...........................0<br />
15836100.................. Orange City............................. FL........ ............ 04/24/2001 .................. .............4,321,827 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................195,008 .......................... .......................... ...........................0<br />
15836200.................. New Castle.............................. DE....... ............ 06/26/2001 .................. .............1,726,413 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,110 .......................... .......................... ...........................0<br />
15836500.................. Stamford.................................. CT....... ............ 07/31/2001 .................. .............7,164,623 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................174,521 .......................... .......................... ...........................0<br />
15836600.................. Seattle...................................... WA...... ............ 05/15/2001 .................. .............7,972,812 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................207,175 .......................... .......................... ...........................0<br />
15836700.................. Roswell.................................... GA....... ............ 07/20/2001 .................. .............5,289,557 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................222,141 .......................... .......................... ...........................0<br />
15836800.................. HENDERSON......................... NV....... ............ 07/31/2001 .................. .............6,607,832 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................156,418 .......................... .......................... ...........................0<br />
15836900.................. HENDERSON......................... NV....... ............ 07/31/2001 .................. .............6,877,540 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................162,803 .......................... .......................... ...........................0<br />
15837000.................. Roselle..................................... IL......... ............ 08/14/2001 .................. .............2,053,706 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................168,629 .......................... .......................... ...........................0<br />
15837100.................. AUSTIN.................................... TX....... ............ 07/13/2001 .................. .............4,089,316 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................86,415 .......................... .......................... ...........................0<br />
15837200.................. Erie........................................... PA....... ............ 08/16/2001 .................. .............9,344,911 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................777,023 .......................... .......................... ...........................0<br />
15837300.................. BOISE...................................... ID........ ............ 10/10/2001 .................. ...........15,813,624 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................481,067 .......................... .......................... ...........................0<br />
15837400.................. Tacoma.................................... WA...... ............ 08/03/2001 .................. .............3,921,944 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,827 .......................... .......................... ...........................0<br />
15837500.................. BREA....................................... CA....... ............ 07/31/2001 .................. .............3,900,066 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,382 .......................... .......................... ...........................0<br />
15837600.................. TIMONIUM.............................. MD...... ............ 10/09/2001 .................. ...........22,150,589 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................547,116 .......................... .......................... ...........................0<br />
15837700.................. Tulsa........................................ OK....... ............ 10/05/2001 .................. .............7,737,358 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................160,282 .......................... .......................... ...........................0<br />
15838000.................. SKOKIE................................... IL......... ............ 10/30/2001 .................. .............5,693,226 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................140,074 .......................... .......................... ...........................0<br />
15838100.................. Des Moines.............................. IA........ ............ 08/10/2001 .................. .............4,903,951 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................123,304 .......................... .......................... ...........................0<br />
15838300.................. Naples...................................... FL........ ............ 08/02/2001 .................. .............2,308,598 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................58,173 .......................... .......................... ...........................0<br />
15838302.................. Naples...................................... FL........ ............ 07/25/2007 .................. ................891,897 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................25,374 .......................... .......................... ...........................0<br />
15838400.................. SUGAR LAND......................... TX....... ............ 10/25/2001 .................. .............2,444,718 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,683 .......................... .......................... ...........................0<br />
15838500.................. Glenview.................................. IL......... ............ 10/01/2001 .................. ...........10,850,938 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................455,587 .......................... .......................... ...........................0<br />
15838501.................. Glenview.................................. IL......... ............ 06/20/2006 .................. .............7,700,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................78,611 .......................... .......................... ...........................0<br />
15838600.................. WEST SACRAMENTO........... CA....... ............ 10/18/2001 .................. ...........21,699,186 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................557,939 .......................... .......................... ...........................0<br />
15838800.................. Springfield................................ VA....... ............ 09/06/2001 .................. ...........25,303,940 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................659,079 .......................... .......................... ...........................0<br />
15838900.................. Merriam.................................... KS....... ............ 09/27/2001 .................. .............5,511,202 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................238,302 .......................... .......................... ...........................0<br />
15839000.................. Schertz..................................... TX....... ............ 10/16/2001 .................. .............5,732,582 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................476,454 .......................... .......................... ...........................0<br />
15839100.................. SANTA ROSA......................... CA....... ............ 10/10/2001 .................. .............4,652,395 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................123,516 .......................... .......................... ...........................0<br />
15839200.................. Myrtle Beach............................ SC....... ............ 12/21/2001 .................. .............4,565,643 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................371,556 .......................... .......................... ...........................0<br />
15839300.................. Lynnwood................................ WA...... ............ 12/21/2001 .................. .............4,489,767 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................194,370 .......................... .......................... ...........................0<br />
15839600.................. Phoenix.................................... AZ....... ............ 02/27/2002 .................. .............5,092,806 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................132,152 .......................... .......................... ...........................0
E06.20<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15839700.................. Scottsdale................................ AZ....... ............ 07/12/2002 .................. .............2,392,094 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................59,715 .......................... .......................... ...........................0<br />
15839800.................. White Bear Lake...................... MN...... ............ 12/20/2001 .................. .............2,461,898 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................200,712 .......................... .......................... ...........................0<br />
15839900.................. Annapolis Junction.................. MD...... ............ 10/31/2001 .................. .............8,347,746 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................219,870 .......................... .......................... ...........................0<br />
15840000.................. Carlsbad.................................. CA....... ............ 11/02/2001 .................. .............3,543,687 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................94,874 .......................... .......................... ...........................0<br />
15840100.................. Delran Township..................... NJ....... ............ 12/20/2001 .................. .............1,303,768 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................44,192 .......................... .......................... ...........................0<br />
15840700.................. Lynnwood................................ WA...... ............ 05/31/2002 .................. .............9,699,125 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................519,820 .......................... .......................... ...........................0<br />
15841000.................. Salt Lake City.......................... UT....... ............ 04/01/2002 .................. .............2,787,516 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................114,481 .......................... .......................... ...........................0<br />
15841300.................. SPRINGFIELD........................ VA....... ............ 03/04/2002 .................. .............8,990,697 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................222,612 .......................... .......................... ...........................0<br />
15841400.................. Springfield................................ VA....... ............ 10/29/2002 .................. .............5,914,810 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................135,809 .......................... .......................... ...........................0<br />
15841500.................. SPRINGFIELD........................ VA....... ............ 10/29/2002 .................. ...........18,283,801 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................419,811 .......................... .......................... ...........................0<br />
15841800.................. Solana Beach.......................... CA....... ............ 10/15/2002 .................. ...........10,033,358 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................150,367 .......................... .......................... ...........................0<br />
15841900.................. SAN DIEGO............................. CA....... ............ 05/22/2002 .................. ...........14,038,848 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................406,694 .......................... .......................... ...........................0<br />
15842000.................. Pleasanton............................... CA....... ............ 06/10/2002 .................. ...........10,486,969 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................249,763 .......................... .......................... ...........................0<br />
15842100.................. COLUMBIA.............................. MD...... ............ 06/25/2002 .................. .............4,536,209 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,664 .......................... .......................... ...........................0<br />
15842300.................. HOLLYWOOD......................... FL........ ............ 06/28/2002 .................. .............2,867,301 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................66,122 .......................... .......................... ...........................0<br />
15842400.................. Nashville.................................. TN....... ............ 08/01/2002 .................. .............4,557,522 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,402 .......................... .......................... ...........................0<br />
15842500.................. Nashville.................................. TN....... ............ 08/01/2002 .................. .............6,817,245 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................160,512 .......................... .......................... ...........................0<br />
15842800.................. <strong>National</strong> City............................ CA....... ............ 09/10/2002 .................. ...........12,575,850 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................253,474 .......................... .......................... ...........................0<br />
15842900.................. Evansville................................. IN........ ............ 08/15/2002 .................. .............8,058,156 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................598,400 .......................... .......................... ...........................0<br />
15843000.................. Knoxville.................................. TN....... ............ 10/09/2002 .................. .............6,355,933 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,743 .......................... .......................... ...........................0<br />
15843100.................. SPARTANBURG..................... SC....... ............ 07/30/2002 .................. .............4,796,146 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................117,292 .......................... .......................... ...........................0<br />
15843300.................. SAN JOSE............................... CA....... ............ 09/05/2002 .................. .............3,986,241 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................304,198 .......................... .......................... ...........................0<br />
15843400.................. Fresno...................................... CA....... ............ 09/17/2002 .................. ...........10,000,113 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................336,078 .......................... .......................... ...........................0<br />
15843500.................. Fresno...................................... CA....... ............ 09/17/2002 .................. ...........10,723,867 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................360,064 .......................... .......................... ...........................0<br />
15843600.................. Fresno...................................... CA....... ............ 09/17/2002 .................. .............9,526,980 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................312,147 .......................... .......................... ...........................0<br />
15843700.................. Various..................................... PA....... ............ 10/10/2002 .................. .............1,902,604 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................141,441 .......................... .......................... ...........................0<br />
15843801.................. Laredo...................................... TX....... ............ 10/03/2002 .................. .............8,192,880 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................333,347 .......................... .......................... ...........................0<br />
15844100.................. Albuquerque............................ NM...... ............ 10/15/2002 .................. .............4,227,014 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................106,015 .......................... .......................... ...........................0<br />
15844200.................. Lancaster................................. PA....... ............ 11/21/2002 .................. .............8,255,021 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. .............1,042,313 .......................... .......................... ...........................0<br />
15844400.................. Laramie.................................... WY...... ............ 02/05/2003 .................. .............4,360,950 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................170,438 .......................... .......................... ...........................0<br />
15844501.................. Raleigh..................................... NC....... ............ 12/12/2002 .................. .............4,448,399 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................183,190 .......................... .......................... ...........................0<br />
15844502.................. Raleigh..................................... NC....... ............ 12/12/2002 .................. ................132,465 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................40,375 .......................... .......................... ...........................0<br />
15844800.................. Brentwood............................... TN....... ............ 01/14/2003 .................. .............4,923,885 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,247 .......................... .......................... ...........................0<br />
15844901.................. WOODBURY........................... NY....... ............ 11/26/2002 .................. ...........16,680,427 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................271,611 .......................... .......................... ...........................0<br />
15844902.................. WOODBURY........................... NY....... ............ 11/26/2002 .................. ...........11,155,425 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................198,667 .......................... .......................... ...........................0<br />
15845000.................. Libertyville................................ IL......... ............ 11/13/2002 .................. .............6,434,762 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................328,955 .......................... .......................... ...........................0<br />
15845200.................. Montgomeryville...................... PA....... ............ 11/26/2002 .................. ................901,826 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................162,387 .......................... .......................... ...........................0<br />
15845300.................. PHILADELPHIA....................... PA....... ............ 12/02/2002 .................. .............4,961,023 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................129,311 .......................... .......................... ...........................0<br />
15845500.................. King of Prussia........................ PA....... ............ 10/25/2002 .................. ...........15,117,669 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................423,221 .......................... .......................... ...........................0<br />
15846000.................. Aurora...................................... OH...... ............ 01/17/2003 .................. .............3,573,293 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................271,738 .......................... .......................... ...........................0<br />
15846100.................. LYNNWOOD........................... WA...... ............ 01/31/2003 .................. .............4,249,875 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................177,846 .......................... .......................... ...........................0<br />
15846200.................. NEW CASTLE......................... PA....... ............ 01/15/2003 .................. .............3,553,626 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,262 .......................... .......................... ...........................0<br />
15846300.................. San Diego................................ CA....... ............ 12/23/2002 .................. .............4,248,402 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................181,027 .......................... .......................... ...........................0<br />
15846400.................. Chicago.................................... IL......... ............ 01/28/2003 .................. ...........14,365,950 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................634,210 .......................... .......................... ...........................0<br />
15846401.................. Chicago.................................... IL......... ............ 05/28/2003 .................. .............1,094,280 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................46,453 .......................... .......................... ...........................0<br />
15846500.................. HOUSTON............................... TX....... ............ 01/17/2003 .................. .............2,693,489 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,381 .......................... .......................... ...........................0<br />
15846700.................. Thousand Oaks....................... CA....... ............ 03/12/2003 .................. .............3,276,759 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................242,734 .......................... .......................... ...........................0<br />
15846800.................. Alexandria................................ VA....... ............ 04/22/2003 .................. ...........17,260,215 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................446,803 .......................... .......................... ...........................0<br />
15846900.................. Kansas City.............................. MO...... ............ 03/31/2003 .................. .............4,315,969 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,899 .......................... .......................... ...........................0<br />
15847000.................. Port Hueneme......................... CA....... ............ 05/29/2003 .................. ...........13,564,116 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................327,132 .......................... .......................... ...........................0
E06.21<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15847100.................. Burnsville................................. MN...... ............ 02/25/2003 .................. .............3,794,675 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,667 .......................... .......................... ...........................0<br />
15847200.................. Raleigh..................................... NC....... ............ 05/09/2003 .................. .............2,724,245 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................71,599 .......................... .......................... ...........................0<br />
15847300.................. Coeur d Alene......................... ID........ ............ 05/30/2003 .................. .............2,410,561 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,878 .......................... .......................... ...........................0<br />
15847400.................. Wheeling.................................. IL......... ............ 08/14/2003 .................. .............4,545,326 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................224,648 .......................... .......................... ...........................0<br />
15847500.................. Plainsboro................................ NJ....... ............ 05/14/2003 .................. .............2,346,723 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................168,904 .......................... .......................... ...........................0<br />
15847601.................. Moon Township....................... PA....... ............ 05/27/2003 .................. ...........16,581,364 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................873,651 .......................... .......................... ...........................0<br />
15847602.................. Moon Township....................... PA....... ............ 05/27/2003 .................. ..................53,915 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................44,839 .......................... .......................... ...........................0<br />
15847700.................. Radnor..................................... PA....... ............ 05/15/2003 .................. ...........10,318,171 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................433,684 .......................... .......................... ...........................0<br />
15847800.................. RICHMOND............................. CA....... ............ 06/16/2003 .................. .............5,055,030 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................90,766 .......................... .......................... ...........................0<br />
15847900.................. Memphis.................................. TN....... ............ 06/03/2003 .................. ................860,243 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................36,067 .......................... .......................... ...........................0<br />
15848000.................. ROWAYTON........................... CT....... ............ 05/06/2003 .................. ...........12,420,923 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. .............2,032,436 .......................... .......................... ...........................0<br />
15848100.................. Boise........................................ ID........ ............ 06/09/2003 .................. .............7,442,111 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................201,826 .......................... .......................... ...........................0<br />
15848200.................. San Juan Capistrano............... CA....... ............ 06/30/2003 .................. .............4,343,915 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,065 .......................... .......................... ...........................0<br />
15848300.................. Elmhurst................................... IL......... ............ 07/21/2003 .................. .............2,918,447 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................198,778 .......................... .......................... ...........................0<br />
15848400.................. San Marcos............................. TX....... ............ 07/01/2003 .................. .............5,568,625 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,292 .......................... .......................... ...........................0<br />
15848500.................. Boston...................................... MA...... ............ 06/30/2003 .................. ...........10,100,996 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................241,829 .......................... .......................... ...........................0<br />
15848700.................. Phoenix.................................... AZ....... ............ 05/29/2003 .................. .............7,181,158 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................207,924 .......................... .......................... ...........................0<br />
15848800.................. Austell...................................... GA....... ............ 07/28/2003 .................. .............9,650,830 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................200,404 .......................... .......................... ...........................0<br />
15848900.................. South San Francisco............... CA....... ............ 08/13/2003 .................. .............6,297,045 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................446,188 .......................... .......................... ...........................0<br />
15849000.................. Riverside.................................. CA....... ............ 08/05/2003 .................. ...........33,626,254 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................629,932 .......................... .......................... ...........................0<br />
15849200.................. Tulsa........................................ OK....... ............ 06/13/2003 .................. .............6,007,647 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................421,598 .......................... .......................... ...........................0<br />
15849500.................. Glendale.................................. WI....... ............ 08/11/2003 .................. ...........10,724,812 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................451,043 .......................... .......................... ...........................0<br />
15849600.................. Chandler.................................. AZ....... ............ 07/31/2003 .................. ...........12,754,859 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................541,053 .......................... .......................... ...........................0<br />
15849700.................. Mayfield Heights...................... OH...... ............ 09/05/2003 .................. .............1,729,480 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................44,534 .......................... .......................... ...........................0<br />
15849800.................. CLOVIS.................................... CA....... ............ 10/02/2003 .................. .............3,944,932 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................285,624 .......................... .......................... ...........................0<br />
15850000.................. Delray Beach........................... FL........ ............ 09/15/2003 .................. .............5,072,409 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................143,474 .......................... .......................... ...........................0<br />
15850100.................. Madison................................... WI....... ............ 08/06/2003 .................. .............7,337,845 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................212,652 .......................... .......................... ...........................0<br />
15850200.................. WARRENSVILLE HEIGHTS... OH...... ............ 08/27/2003 .................. .............8,338,073 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................362,893 .......................... .......................... ...........................0<br />
15850400.................. Palm Coast.............................. FL........ ............ 10/30/2003 .................. .............2,543,728 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................318,645 .......................... .......................... ...........................0<br />
15850500.................. Bolingbrook.............................. IL......... ............ 01/16/2004 .................. ................921,281 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,451 .......................... .......................... ...........................0<br />
15850600.................. Fresno...................................... CA....... ............ 10/28/2003 .................. .............3,632,715 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................245,568 .......................... .......................... ...........................0<br />
15850700.................. SCOTTSDALE........................ AZ....... ............ 11/25/2003 .................. ...........17,744,524 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................420,235 .......................... .......................... ...........................0<br />
15850800.................. Phoenix.................................... AZ....... ............ 10/01/2003 .................. .............4,553,161 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................122,767 .......................... .......................... ...........................0<br />
15850900.................. Owings Mills............................. MD...... ............ 12/04/2003 .................. ...........14,200,413 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................339,177 .......................... .......................... ...........................0<br />
15851000.................. Owings Mills............................. MD...... ............ 12/04/2003 .................. ...........10,503,335 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................204,930 .......................... .......................... ...........................0<br />
15851100.................. Durham.................................... NC....... ............ 10/21/2003 .................. .............7,384,319 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................176,347 .......................... .......................... ...........................0<br />
15851200.................. Southfield................................. MI........ ............ 12/11/2003 .................. ................927,175 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................19,810 .......................... .......................... ...........................0<br />
15851201.................. Farmington Hills....................... MI........ ............ 12/11/2003 .................. ................462,490 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................10,152 .......................... .......................... ...........................0<br />
15851300.................. Duluth...................................... GA....... ............ 11/24/2003 .................. .............7,411,050 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................141,786 .......................... .......................... ...........................0<br />
15851400.................. Lawrenceville........................... GA....... ............ 12/18/2003 .................. .............8,549,951 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................162,505 .......................... .......................... ...........................0<br />
15851500.................. Santa Clara.............................. CA....... ............ 12/15/2003 .................. .............8,931,877 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................212,867 .......................... .......................... ...........................0<br />
15851700.................. Baltimore.................................. MD...... ............ 12/16/2003 .................. .............5,870,249 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................139,050 .......................... .......................... ...........................0<br />
15851800.................. Huntingdon Valley................... PA....... ............ 12/01/2003 .................. .............5,998,194 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................271,751 .......................... .......................... ...........................0<br />
15852000.................. Fresno...................................... CA....... ............ 10/30/2003 .................. .............4,740,798 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................186,650 .......................... .......................... ...........................0<br />
15852100.................. Clifton....................................... NJ....... ............ 12/15/2003 .................. .............5,285,764 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................208,767 .......................... .......................... ...........................0<br />
15852200.................. Phoenix.................................... AZ....... ............ 12/08/2003 .................. .............6,146,790 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................204,370 .......................... .......................... ...........................0<br />
15852400.................. Phoenix.................................... AZ....... ............ 12/18/2003 .................. .............6,869,338 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................182,894 .......................... .......................... ...........................0<br />
15852500.................. Germantown............................ WI....... ............ 12/19/2003 .................. .............4,320,678 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................287,273 .......................... .......................... ...........................0<br />
15852600.................. IRVINE..................................... CA....... ............ 02/27/2004 .................. .............8,794,161 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,707 .......................... .......................... ...........................0<br />
15852700.................. Tracy........................................ CA....... ............ 08/05/2005 .................. .............9,854,485 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................540,831 .......................... .......................... ...........................0
E06.22<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15852800.................. Boise........................................ ID........ ............ 03/10/2004 .................. .............6,474,926 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................239,809 .......................... .......................... ...........................0<br />
15853000.................. Fresno...................................... CA....... ............ 06/04/2004 .................. .............1,802,872 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................113,014 .......................... .......................... ...........................0<br />
15853100.................. Memphis.................................. TN....... ............ 03/29/2004 .................. ...........23,132,754 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. .............7,518,636 .......................... .......................... ...........................0<br />
15853300.................. Carmel..................................... IN........ ............ 11/12/2004 .................. .............6,397,237 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................225,715 .......................... .......................... ...........................0<br />
15853501.................. Boston...................................... MA...... ............ 04/15/2004 .................. .............3,378,338 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................115,882 .......................... .......................... ...........................0<br />
15853502.................. Boston...................................... MA...... ............ 04/15/2004 .................. ..................75,698 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................53,011 .......................... .......................... ...........................0<br />
15853600.................. San Diego................................ CA....... ............ 04/15/2004 .................. .............7,441,709 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................178,074 .......................... .......................... ...........................0<br />
15853700.................. Fresno...................................... CA....... ............ 05/26/2004 .................. .............8,892,281 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................328,226 .......................... .......................... ...........................0<br />
15853800.................. Countryside............................. IL......... ............ 04/13/2004 .................. .............7,715,705 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................194,158 .......................... .......................... ...........................0<br />
15853900.................. Cincinnati................................. OH...... ............ 04/28/2004 .................. .............6,541,925 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................167,738 .......................... .......................... ...........................0<br />
15854000.................. Montgomeryville...................... PA....... ............ 05/07/2004 .................. .............3,553,984 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................234,167 .......................... .......................... ...........................0<br />
15854100.................. Towamencin Township........... PA....... ............ 09/10/2004 .................. .............1,694,371 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................105,544 .......................... .......................... ...........................0<br />
15854200.................. Bay City................................... TX....... ............ 06/16/2004 .................. .............1,062,770 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................38,463 .......................... .......................... ...........................0<br />
15854300.................. Shakopee................................ MN...... ............ 07/16/2004 .................. .............1,804,737 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,623 .......................... .......................... ...........................0<br />
15854500.................. Spokane.................................. WA...... ............ 07/30/2004 .................. .............9,375,685 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................596,340 .......................... .......................... ...........................0<br />
15854611.................. Stafford.................................... TX....... ............ 02/09/2006 .................. ...........14,453,202 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................184,429 .......................... .......................... ...........................0<br />
15854800.................. Newark..................................... NJ....... ............ 05/27/2004 .................. .............8,805,060 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................501,338 .......................... .......................... ...........................0<br />
15854900.................. Wharton................................... NJ....... ............ 05/13/2004 .................. ...........17,678,797 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................522,875 .......................... .......................... ...........................0<br />
15855000.................. Salinas..................................... CA....... ............ 06/30/2004 .................. .............9,065,888 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................239,625 .......................... .......................... ...........................0<br />
15855200.................. Bedford.................................... TX....... ............ 06/29/2004 .................. .............4,133,220 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................188,982 .......................... .......................... ...........................0<br />
15855300.................. Bedford.................................... TX....... ............ 06/29/2004 .................. .............4,528,533 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................207,057 .......................... .......................... ...........................0<br />
15855400.................. Elgin......................................... IL......... ............ 06/10/2004 .................. .............2,431,491 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................467,342 .......................... .......................... ...........................0<br />
15855500.................. Mesa........................................ AZ....... ............ 08/10/2004 .................. ...........12,538,601 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................236,683 .......................... .......................... ...........................0<br />
15855600.................. Stockton................................... CA....... ............ 08/31/2004 .................. .............3,130,324 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................111,612 .......................... .......................... ...........................0<br />
15855800.................. Scottsdale................................ AZ....... ............ 06/01/2004 .................. .............2,781,807 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................70,310 .......................... .......................... ...........................0<br />
15855900.................. Poway...................................... CA....... ............ 07/27/2004 .................. .............7,459,759 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................144,649 .......................... .......................... ...........................0<br />
15856000.................. San Antonio............................. TX....... ............ 09/15/2004 .................. .............4,883,369 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................108,303 .......................... .......................... ...........................0<br />
15856100.................. Houston................................... TX....... ............ 08/19/2004 .................. .............2,281,475 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................208,547 .......................... .......................... ...........................0<br />
15856200.................. Plainfield.................................. IN........ ............ 09/10/2004 .................. .............3,364,410 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,790 .......................... .......................... ...........................0<br />
15856300.................. Alsip......................................... IL......... ............ 09/02/2004 .................. .............2,784,606 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,281 .......................... .......................... ...........................0<br />
15856400.................. Bradenton................................ FL........ ............ 09/20/2004 .................. .............2,879,243 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................43,297 .......................... .......................... ...........................0<br />
15856500.................. Orange..................................... CA....... ............ 11/15/2004 .................. .............4,718,546 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................105,746 .......................... .......................... ...........................0<br />
15856600.................. Snellville................................... GA....... ............ 12/07/2004 .................. .............7,501,176 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................114,955 .......................... .......................... ...........................0<br />
15856700.................. Fort Oglethorpe....................... GA....... ............ 11/10/2004 .................. .............6,967,281 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,763 .......................... .......................... ...........................0<br />
15856800.................. Pittsburg................................... PA....... ............ 11/09/2004 .................. ...........20,916,955 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................480,271 .......................... .......................... ...........................0<br />
15856900.................. Melville Long Islan................... NY....... ............ 11/30/2004 .................. .............5,023,461 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................178,239 .......................... .......................... ...........................0<br />
15857000.................. Bradenton................................ FL........ ............ 12/01/2004 .................. .............1,915,482 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,402 .......................... .......................... ...........................0<br />
15857100.................. New Port Richey...................... FL........ ............ 12/01/2004 .................. .............1,915,482 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................215,402 .......................... .......................... ...........................0<br />
15857300.................. Las Vegas................................ NV....... ............ 01/28/2005 .................. .............6,128,433 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................145,557 .......................... .......................... ...........................0<br />
15857400.................. LAS VEGAS............................ NV....... ............ 03/31/2005 .................. .............7,075,664 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................174,572 .......................... .......................... ...........................0<br />
15857600.................. Glendale.................................. WI....... ............ 12/16/2004 .................. .............1,551,913 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................56,458 .......................... .......................... ...........................0<br />
15857700.................. NEW BERLIN.......................... WI....... ............ 12/16/2004 .................. .............2,054,003 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,724 .......................... .......................... ...........................0<br />
15857800.................. Wauwatosa.............................. WI....... ............ 12/16/2004 .................. .............3,925,428 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,805 .......................... .......................... ...........................0<br />
15858100.................. Milwaukee................................ WI....... ............ 12/22/2004 .................. .............5,348,249 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................207,549 .......................... .......................... ...........................0<br />
15858200.................. Peoria...................................... AZ....... ............ 01/28/2005 .................. .............3,024,505 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,136 .......................... .......................... ...........................0<br />
15858300.................. Fresno...................................... CA....... ............ 09/30/2005 .................. .............9,369,023 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................317,606 .......................... .......................... ...........................0<br />
15858400.................. Fresno...................................... CA....... ............ 05/27/2005 .................. .............5,063,591 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................299,401 .......................... .......................... ...........................0<br />
15858401.................. Fresno...................................... CA....... ............ 08/09/2006 .................. .............5,572,410 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................281,833 .......................... .......................... ...........................0<br />
15858402.................. Fresno...................................... CA....... ............ 09/26/2007 .................. .............7,612,783 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................336,318 .......................... .......................... ...........................0<br />
15858600.................. Lafayette.................................. IN........ ............ 08/31/2005 .................. .............8,179,040 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................167,131 .......................... .......................... ...........................0
E06.23<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15858700.................. LA PORTE............................... IN........ ............ 05/26/2005 .................. ...........13,713,482 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................785,846 .......................... .......................... ...........................0<br />
15858800.................. Kerrville.................................... TX....... ............ 05/02/2005 .................. .............4,032,224 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................70,927 .......................... .......................... ...........................0<br />
15858900.................. Mesa........................................ AZ....... ............ 08/30/2005 .................. ...........26,791,231 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................589,294 .......................... .......................... ...........................0<br />
15859100.................. Leon Valley.............................. TX....... ............ 06/24/2005 .................. .............3,690,083 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,085 .......................... .......................... ...........................0<br />
15859200.................. NORTH DARTMOUTH........... MA...... ............ 08/09/2005 .................. .............8,184,639 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................252,777 .......................... .......................... ...........................0<br />
15859300.................. Larado...................................... TX....... ............ 06/29/2005 .................. .............6,186,764 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,267 .......................... .......................... ...........................0<br />
15859400.................. Everett..................................... WA...... ............ 07/14/2005 .................. ...........11,442,961 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................261,449 .......................... .......................... ...........................0<br />
15859500.................. Fresno...................................... CA....... ............ 09/08/2005 .................. .............4,785,895 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................164,555 .......................... .......................... ...........................0<br />
15859600.................. El Paso.................................... TX....... ............ 12/08/2005 .................. .............5,768,602 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................229,622 .......................... .......................... ...........................0<br />
15859800.................. Jersey City............................... NJ....... ............ 07/19/2005 .................. ...........16,272,030 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................257,971 .......................... .......................... ...........................0<br />
15859900.................. Vernon..................................... CA....... ............ 07/19/2005 .................. .............8,750,346 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................138,956 .......................... .......................... ...........................0<br />
15860100.................. Reno........................................ NV....... ............ 09/29/2005 .................. ...........21,636,901 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................432,891 .......................... .......................... ...........................0<br />
15860200.................. St. Charles............................... IL......... ............ 08/12/2005 .................. ................923,869 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................32,045 .......................... .......................... ...........................0<br />
15860300.................. St. Charles............................... IL......... ............ 08/12/2005 .................. .............6,075,137 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................210,719 .......................... .......................... ...........................0<br />
15860400.................. Perth Amboy............................ NJ....... ............ 07/20/2005 .................. .............9,906,063 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................162,069 .......................... .......................... ...........................0<br />
15860500.................. BLOOMINGTON..................... MN...... ............ 09/20/2005 .................. .............5,776,003 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................134,811 .......................... .......................... ...........................0<br />
15860600.................. Cuyahoga Falls....................... OH...... ............ 10/21/2005 .................. .............2,625,019 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................90,979 .......................... .......................... ...........................0<br />
15860900.................. Findlay Township.................... PA....... ............ 11/04/2005 .................. .............5,656,624 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................186,734 .......................... .......................... ...........................0<br />
15861000.................. Minneapolis............................. MN...... ............ 12/22/2005 .................. .............4,238,606 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................91,440 .......................... .......................... ...........................0<br />
15861100.................. Akron....................................... OH...... ............ 04/20/2006 .................. ...........11,640,909 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................244,062 .......................... .......................... ...........................0<br />
15861300.................. Franklin Park........................... IL......... ............ 12/19/2005 .................. .............3,801,184 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................126,442 .......................... .......................... ...........................0<br />
15861400.................. Medford.................................... OR...... ............ 12/07/2005 .................. .............4,702,284 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................161,019 .......................... .......................... ...........................0<br />
15861500.................. Burlington................................ VT....... ............ 11/01/2005 .................. .............5,042,232 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................82,042 .......................... .......................... ...........................0<br />
15861700.................. El Paso.................................... TX....... ............ 11/17/2005 .................. .............6,349,034 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................351,595 .......................... .......................... ...........................0<br />
15861800.................. Marysville................................. WA...... ............ 12/06/2005 .................. .............9,718,507 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................152,561 .......................... .......................... ...........................0<br />
15862000.................. Marshfield................................ WI....... ............ 12/02/2005 .................. .............3,843,856 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,527 .......................... .......................... ...........................0<br />
15862100.................. Noblesville............................... IN........ ............ 11/23/2005 .................. .............8,460,918 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................184,454 .......................... .......................... ...........................0<br />
15862200.................. Altamonte Springs................... FL........ ............ 12/15/2005 .................. .............4,042,830 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................88,868 .......................... .......................... ...........................0<br />
15862300.................. Philadelphia............................. PA....... ............ 04/27/2006 .................. ...........10,765,401 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................159,204 .......................... .......................... ...........................0<br />
15862400.................. O Fallon................................... MO...... ............ 01/04/2006 .................. ...........10,078,116 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................198,205 .......................... .......................... ...........................0<br />
15862500.................. Houston................................... TX....... ............ 12/21/2005 .................. .............2,286,009 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................121,234 .......................... .......................... ...........................0<br />
15862601.................. Plymouth.................................. MN...... ............ 02/07/2006 .................. .............6,440,359 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................138,602 .......................... .......................... ...........................0<br />
15862602.................. Plymouth.................................. MN...... ............ 06/22/2006 .................. .............7,056,818 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................146,061 .......................... .......................... ...........................0<br />
15862700.................. Strongsville.............................. OH...... ............ 02/01/2006 .................. .............3,856,134 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,791 .......................... .......................... ...........................0<br />
15862800.................. Carlsbad.................................. CA....... ............ 06/22/2006 .................. .............7,274,424 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................144,695 .......................... .......................... ...........................0<br />
15863000.................. Secaucus................................. NJ....... ............ 03/22/2006 .................. .............7,328,776 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................110,523 .......................... .......................... ...........................0<br />
15863200.................. NORTH LAS VEGAS.............. NV....... ............ 04/06/2006 .................. .............8,641,326 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................144,377 .......................... .......................... ...........................0<br />
15863300.................. Greenwood Village.................. CO...... ............ 04/10/2006 .................. ...........13,201,537 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................271,804 .......................... .......................... ...........................0<br />
15863400.................. Blythewood.............................. SC....... ............ 04/19/2006 .................. ...........10,659,843 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................156,290 .......................... .......................... ...........................0<br />
15863500.................. FORT WAYNE........................ IN........ ............ 02/28/2006 .................. .............3,100,234 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................200,972 .......................... .......................... ...........................0<br />
15863600.................. LAUREL................................... MD...... ............ 04/04/2006 .................. ...........19,250,488 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................419,085 .......................... .......................... ...........................0<br />
15863800.................. Glenview.................................. IL......... ............ 02/21/2006 .................. .............2,851,535 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,808 .......................... .......................... ...........................0<br />
15863900.................. Bridgeport................................ NJ....... ............ 04/05/2006 .................. .............3,489,751 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,779 .......................... .......................... ...........................0<br />
15864000.................. Salem....................................... VA....... ............ 06/30/2006 .................. .............5,186,491 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,843 .......................... .......................... ...........................0<br />
15864100.................. Seattle...................................... WA...... ............ 06/30/2006 .................. .............8,931,774 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................170,539 .......................... .......................... ...........................0<br />
15864200.................. <strong>Lincoln</strong>..................................... NE....... ............ 06/01/2006 .................. .............7,196,141 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................146,237 .......................... .......................... ...........................0<br />
15864300.................. Terre Haute............................. IN........ ............ 06/22/2006 .................. .............9,825,764 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................132,289 .......................... .......................... ...........................0<br />
15864400.................. Loveland.................................. CO...... ............ 05/31/2006 .................. .............5,933,911 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................119,261 .......................... .......................... ...........................0<br />
15864500.................. FORT COLLINS...................... CO...... ............ 05/12/2006 .................. .............5,350,248 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,530 .......................... .......................... ...........................0<br />
15864600.................. Issaquah.................................. WA...... ............ 04/27/2006 .................. .............6,699,820 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................204,858 .......................... .......................... ...........................0
E06.24<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
15864700.................. Barberton................................. OH...... ............ 09/15/2006 .................. .............5,801,667 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................172,844 .......................... .......................... ...........................0<br />
15864800.................. Montgomeryville...................... PA....... ............ 06/02/2006 .................. .............3,114,744 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................96,905 .......................... .......................... ...........................0<br />
15865000.................. <strong>Lincoln</strong>..................................... NE....... ............ 06/30/2006 .................. .............8,379,731 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................167,080 .......................... .......................... ...........................0<br />
15865100.................. Fresno...................................... CA....... ............ 11/07/2006 .................. .............5,781,548 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................165,853 .......................... .......................... ...........................0<br />
15865200.................. MONROEVILLE...................... PA....... ............ 06/29/2006 .................. ...........10,425,554 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................186,669 .......................... .......................... ...........................0<br />
15865300.................. Chattanooga............................ TN....... ............ 08/17/2006 .................. .............6,387,652 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................182,488 .......................... .......................... ...........................0<br />
15865400.................. Pittsburgh................................. PA....... ............ 09/15/2006 .................. .............6,863,191 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................125,707 .......................... .......................... ...........................0<br />
15865500.................. San Antonio............................. TX....... ............ 06/26/2006 .................. ................940,427 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,345 .......................... .......................... ...........................0<br />
15865600.................. LIVINGSTON........................... NJ....... ............ 06/29/2006 .................. .............8,199,320 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................153,080 .......................... .......................... ...........................0<br />
15865800.................. Phoenix.................................... AZ....... ............ 09/19/2006 .................. .............9,796,493 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................186,450 .......................... .......................... ...........................0<br />
15865900.................. Baltimore.................................. MD...... ............ 09/26/2006 .................. ...........49,585,491 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................951,768 .......................... .......................... ...........................0<br />
15866000.................. West Sacramento.................... CA....... ............ 10/11/2006 .................. .............7,403,461 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................95,030 .......................... .......................... ...........................0<br />
15866100.................. Stockton................................... CA....... ............ 12/20/2006 .................. .............4,149,536 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................116,381 .......................... .......................... ...........................0<br />
15866200.................. POWAY................................... CA....... ............ 09/14/2006 .................. .............9,590,942 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................145,648 .......................... .......................... ...........................0<br />
15866300.................. Boston...................................... MA...... ............ 11/01/2006 .................. ...........11,842,326 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................155,033 .......................... .......................... ...........................0<br />
15866400.................. Spokane.................................. WA...... ............ 09/29/2006 .................. .............4,411,110 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,229 .......................... .......................... ...........................0<br />
15866500.................. South Milwaukee..................... WI....... ............ 05/04/2007 .................. .............2,450,230 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................44,583 .......................... .......................... ...........................0<br />
60086900.................. BOGALUSA............................. LA....... ............ 11/06/1986 .................. ................623,821 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................189,101 .......................... .......................... ...........................0<br />
L0720100.................. CHULA VISTA......................... CA....... ............ 02/15/2007 .................. ...........33,678,553 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................450,959 .......................... .......................... ...........................0<br />
L0720200.................. OMAHA.................................... NE....... ............ 05/23/2007 .................. .............2,961,597 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................80,481 .......................... .......................... ...........................0<br />
L0720300.................. BREMERTON......................... WA...... ............ 01/31/2007 .................. .............5,934,180 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................83,138 .......................... .......................... ...........................0<br />
L0720500.................. AURORA................................. IL......... ............ 01/30/2007 .................. .............4,532,612 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,469 .......................... .......................... ...........................0<br />
L0720600.................. WEST PALM BEACH.............. FL........ ............ 01/30/2007 .................. .............9,301,503 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................252,793 .......................... .......................... ...........................0<br />
L0720700.................. TIGARD................................... OR...... ............ 04/19/2007 .................. .............5,941,932 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................104,699 .......................... .......................... ...........................0<br />
L0720900.................. Rockford.................................. IL......... ............ 01/23/2007 .................. .............7,027,028 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................92,466 .......................... .......................... ...........................0<br />
L0721000.................. STERLING............................... VA....... ............ 02/01/2007 .................. ...........26,099,988 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................506,414 .......................... .......................... ...........................0<br />
L0721200.................. BOYNTON BEACH................. FL........ ............ 03/09/2007 .................. .............1,984,269 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................24,839 .......................... .......................... ...........................0<br />
L0721300.................. DES PLAINES......................... IL......... ............ 03/13/2007 .................. .............2,371,591 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................44,778 .......................... .......................... ...........................0<br />
L0721400.................. MEMPHIS................................ TN....... ............ 02/09/2007 .................. .............4,045,917 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,013 .......................... .......................... ...........................0<br />
L0721500.................. Albuquerque............................ NM...... ............ 01/31/2007 .................. .............3,421,272 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................108,251 .......................... .......................... ...........................0<br />
L0721700.................. Costa Mesa............................. CA....... ............ 01/23/2007 .................. .............1,466,641 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,275 .......................... .......................... ...........................0<br />
L0721800.................. Carson..................................... CA....... ............ 02/07/2007 .................. .............2,193,543 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................30,067 .......................... .......................... ...........................0<br />
L0721900.................. CITY OF INDUSTRY............... CA....... ............ 01/31/2007 .................. .............3,560,948 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,354 .......................... .......................... ...........................0<br />
L0722000.................. City of Industry......................... CA....... ............ 01/31/2007 .................. .............4,747,924 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,813 .......................... .......................... ...........................0<br />
L0722100.................. SAN ANTONIO........................ TX....... ............ 01/31/2007 .................. .............3,420,909 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,101 .......................... .......................... ...........................0<br />
L0722202.................. Brentwood............................... TN....... ............ 02/01/2007 .................. .............3,905,801 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................57,904 .......................... .......................... ...........................0<br />
L0722300.................. Orlando.................................... FL........ ............ 04/16/2007 .................. .............2,309,711 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,311 .......................... .......................... ...........................0<br />
L0722400.................. NORCROSS............................ GA....... ............ 02/14/2007 .................. .............9,862,026 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................193,413 .......................... .......................... ...........................0<br />
L0722500.................. LINTHICUM............................. MD...... ............ 02/26/2007 .................. .............7,336,190 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................143,978 .......................... .......................... ...........................0<br />
L0722700.................. LINTHICUM............................. MD...... ............ 02/26/2007 .................. .............9,354,879 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................183,588 .......................... .......................... ...........................0<br />
L0722800.................. BATAVIA................................. IL......... ............ 04/13/2007 .................. .............3,561,785 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................68,572 .......................... .......................... ...........................0<br />
L0722900.................. MEMPHIS................................ TN....... ............ 01/11/2007 .................. .............9,450,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................152,711 .......................... .......................... ...........................0<br />
L0723000.................. WICHITA.................................. KS....... ............ 02/01/2007 .................. .............4,516,240 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................97,007 .......................... .......................... ...........................0<br />
L0723100.................. Huntington Beach.................... CA....... ............ 04/24/2007 .................. .............9,890,118 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................196,811 .......................... .......................... ...........................0<br />
L0723300.................. ATLANTA................................ GA....... ............ 03/23/2007 .................. .............3,260,348 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,446 .......................... .......................... ...........................0<br />
L0723400.................. BEAVERTON.......................... OR...... ............ 03/29/2007 .................. ...........11,205,445 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................148,887 .......................... .......................... ...........................0<br />
L0723500.................. COLUMBIA.............................. MO...... ............ 04/10/2007 .................. .............4,920,667 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................142,309 .......................... .......................... ...........................0<br />
L0723600.................. DALLAS................................... TX....... ............ 03/26/2007 .................. .............2,974,472 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................40,167 .......................... .......................... ...........................0<br />
L0723700.................. MORAGA................................. CA....... ............ 03/23/2007 .................. .............4,461,776 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................60,149 .......................... .......................... ...........................0<br />
L0723800.................. HOUSTON............................... TX....... ............ 07/02/2007 .................. .............6,054,377 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,870 .......................... .......................... ...........................0
E06.25<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
L0723900.................. Carlsbad.................................. CA....... ............ 03/30/2007 .................. .............2,726,423 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................37,085 .......................... .......................... ...........................0<br />
L0724000.................. SAN DIEGO............................. CA....... ............ 02/28/2007 .................. .............6,774,613 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................316,031 .......................... .......................... ...........................0<br />
L0724400.................. RIALTO.................................... CA....... ............ 01/25/2007 .................. .............2,640,861 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,650 .......................... .......................... ...........................0<br />
L0724500.................. SANTA FE SPRINGS............. CA....... ............ 02/06/2007 .................. .............4,459,017 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,553 .......................... .......................... ...........................0<br />
L0724800.................. MEDLOTHIAN......................... VA....... ............ 05/03/2007 .................. .............3,229,817 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,180 .......................... .......................... ...........................0<br />
L0725000.................. FONTANA............................... CA....... ............ 04/09/2007 .................. ...........24,818,426 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................326,045 .......................... .......................... ...........................0<br />
L0725100.................. RIVERSIDE............................. CA....... ............ 04/13/2007 .................. .............5,957,073 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................77,131 .......................... .......................... ...........................0<br />
L0725200.................. MENOMONEE FALLS............ WI....... ............ 03/30/2007 .................. .............2,357,714 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................66,679 .......................... .......................... ...........................0<br />
L0725300.................. BOWIE..................................... MD...... ............ 05/31/2007 .................. ...........17,218,592 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................325,824 .......................... .......................... ...........................0<br />
L0725600.................. ALBUQUERQUE..................... NM...... ............ 04/27/2007 .................. .............6,103,761 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................187,769 .......................... .......................... ...........................0<br />
L0725900.................. FORT WAYNE........................ IN........ ............ 05/23/2007 .................. .............8,918,916 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................169,403 .......................... .......................... ...........................0<br />
L0726000.................. SPOKANE............................... WA...... ............ 12/03/2007 .................. .............6,030,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................217,057 .......................... .......................... ...........................0<br />
L0726200.................. FRANKLIN PARK.................... IL......... ............ 07/02/2007 .................. .............2,785,468 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................223,893 .......................... .......................... ...........................0<br />
L0726300.................. SACRAMENTO....................... CA....... ............ 05/14/2007 .................. .............3,467,893 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................72,778 .......................... .......................... ...........................0<br />
L0726500.................. HOUSTON............................... TX....... ............ 05/07/2007 .................. .............2,484,623 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................32,148 .......................... .......................... ...........................0<br />
L0726600.................. CARLSBAD............................. CA....... ............ 06/12/2007 .................. .............7,560,540 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................98,698 .......................... .......................... ...........................0<br />
L0726700.................. SPRING................................... TX....... ............ 07/30/2007 .................. .............5,964,408 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................111,041 .......................... .......................... ...........................0<br />
L0726800.................. CARLSBAD............................. CA....... ............ 06/06/2007 .................. .............5,371,964 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................70,125 .......................... .......................... ...........................0<br />
L0727000.................. TUCSON................................. AZ....... ............ 05/07/2007 .................. .............6,658,314 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................87,112 .......................... .......................... ...........................0<br />
L0727100.................. ONTARIO................................ CA....... ............ 05/31/2007 .................. .............7,948,611 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,251 .......................... .......................... ...........................0<br />
L0727200.................. THE WOODLANDS................ TX....... ............ 05/10/2007 .................. .............2,279,025 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................43,796 .......................... .......................... ...........................0<br />
L0727300.................. LYNNWOOD........................... WA...... ............ 07/17/2007 .................. .............7,984,319 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................360,349 .......................... .......................... ...........................0<br />
L0727500.................. RIVERSIDE............................. CA....... ............ 05/04/2007 .................. .............2,381,840 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................29,770 .......................... .......................... ...........................0<br />
L0727602.................. HOUSTON............................... TX....... ............ 06/04/2007 .................. .............5,540,149 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................61,970 .......................... .......................... ...........................0<br />
L0727700.................. COLLEGE STATION............... TX....... ............ 07/31/2007 .................. .............8,946,694 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................166,317 .......................... .......................... ...........................0<br />
L0727800.................. PHOENIX................................ AZ....... ............ 05/03/2007 .................. .............3,170,380 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................61,800 .......................... .......................... ...........................0<br />
L0728100.................. NEWPORT BEACH................ CA....... ............ 06/29/2007 .................. .............7,941,254 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................147,063 .......................... .......................... ...........................0<br />
L0728202.................. IRWINDALE............................. CA....... ............ 07/17/2007 .................. .............1,194,992 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................15,616 .......................... .......................... ...........................0<br />
L0728502.................. RALEIGH................................. NC....... ............ 07/25/2007 .................. .............1,978,315 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,677 .......................... .......................... ...........................0<br />
L0728800.................. ROSWELL............................... GA....... ............ 07/02/2007 .................. .............5,222,484 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,914 .......................... .......................... ...........................0<br />
L0728900.................. SUGAR LAND......................... TX....... ............ 06/20/2007 .................. .............1,488,884 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................27,816 .......................... .......................... ...........................0<br />
L0729100.................. TUCSON................................. AZ....... ............ 07/05/2007 .................. .............5,169,139 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................65,133 .......................... .......................... ...........................0<br />
L0729200.................. FORT WORTH........................ TX....... ............ 08/10/2007 .................. .............3,190,505 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................39,447 .......................... .......................... ...........................0<br />
L0729300.................. NAPERVILLE.......................... IL......... ............ 08/10/2007 .................. .............6,471,677 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................117,621 .......................... .......................... ...........................0<br />
L0729400.................. HOUSTON............................... TX....... ............ 07/31/2007 .................. .............1,939,067 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................34,193 .......................... .......................... ...........................0<br />
L0729700.................. HASTINGS.............................. MN...... ............ 08/15/2007 .................. .............2,483,972 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................66,629 .......................... .......................... ...........................0<br />
L0729800.................. SPRINGFIELD........................ VA....... ............ 09/13/2007 .................. .............2,994,519 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................34,149 .......................... .......................... ...........................0<br />
L0729900.................. TUCSON................................. AZ....... ............ 09/27/2007 .................. .............4,691,110 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,337 .......................... .......................... ...........................0<br />
L0730000.................. GERMANTOWN...................... TN....... ............ 09/28/2007 .................. .............2,024,400 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................34,861 .......................... .......................... ...........................0<br />
L0730200.................. Chattanooga............................ TN....... ............ 09/28/2007 .................. .............9,958,021 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................261,290 .......................... .......................... ...........................0<br />
L0730300.................. CHICAGO................................ IL......... ............ 11/15/2007 .................. .............5,000,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................84,446 .......................... .......................... ...........................0<br />
L0730400.................. LAREDO.................................. TX....... ............ 10/01/2007 .................. .............4,743,271 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................83,472 .......................... .......................... ...........................0<br />
L0730500.................. ASHBURN............................... VA....... ............ 08/31/2007 .................. ...........19,641,651 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................339,182 .......................... .......................... ...........................0<br />
L0730700.................. SAN JOSE............................... CA....... ............ 08/31/2007 .................. .............4,481,505 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,990 .......................... .......................... ...........................0<br />
L0730900.................. NEWARK................................. CA....... ............ 10/04/2007 .................. .............4,271,075 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................48,772 .......................... .......................... ...........................0<br />
L0731000.................. TUCSON................................. AZ....... ............ 10/17/2007 .................. .............5,494,771 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,910 .......................... .......................... ...........................0<br />
L0731100.................. LAS VEGAS............................ NV....... ............ 09/14/2007 .................. ...........17,765,476 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................214,725 .......................... .......................... ...........................0<br />
L0731200.................. CHANDLER............................. AZ....... ............ 09/10/2007 .................. ...........11,550,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................93,787 .......................... .......................... ...........................0<br />
L0731300.................. Houston................................... TX....... ............ 12/27/2007 .................. .............5,700,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................134,438 .......................... .......................... ...........................0<br />
L0731500.................. FORT WORTH........................ TX....... ............ 09/21/2007 .................. .............8,982,242 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................110,391 .......................... .......................... ...........................0
E06.26<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
L0731600.................. AUSTIN.................................... TX....... ............ 10/26/2007 .................. .............5,594,788 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................64,733 .......................... .......................... ...........................0<br />
L0731800.................. LOS ANGELES....................... CA....... ............ 10/31/2007 .................. ...........65,934,297 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................814,540 .......................... .......................... ...........................0<br />
L0731900.................. YUMA...................................... AZ....... ............ 10/31/2007 .................. .............6,677,196 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................282,890 .......................... .......................... ...........................0<br />
L0732000.................. BAKERSFIELD........................ CA....... ............ 10/31/2007 .................. .............5,993,958 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................74,880 .......................... .......................... ...........................0<br />
L0732100.................. LITTLE ROCK......................... AR....... ............ 11/14/2007 .................. .............7,500,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,433 .......................... .......................... ...........................0<br />
L0732200.................. LITTLE ROCK......................... AR....... ............ 10/31/2007 .................. .............3,266,986 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................37,447 .......................... .......................... ...........................0<br />
L0732300.................. ELKRIDGE.............................. MD...... ............ 10/31/2007 .................. .............2,696,280 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................46,193 .......................... .......................... ...........................0<br />
L0732700.................. SAN JOSE............................... CA....... ............ 11/27/2007 .................. .............7,950,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................135,292 .......................... .......................... ...........................0<br />
L0732800.................. CAMPBELL............................. CA....... ............ 11/27/2007 .................. .............6,000,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................102,107 .......................... .......................... ...........................0<br />
L0732900.................. CAMPBELL............................. CA....... ............ 11/27/2007 .................. .............4,800,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................81,688 .......................... .......................... ...........................0<br />
L0733000.................. WICHITA.................................. KS....... ............ 11/08/2007 .................. .............7,984,266 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................195,905 .......................... .......................... ...........................0<br />
L0733200.................. CAPE CORAL......................... FL........ ............ 10/17/2007 .................. .............4,493,896 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,838 .......................... .......................... ...........................0<br />
L0733300.................. POOLER (SAVANNAH).......... GA....... ............ 11/08/2007 .................. .............9,500,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................111,319 .......................... .......................... ...........................0<br />
L0733400.................. WORTHINGTON..................... OH...... ............ 11/26/2007 .................. .............9,000,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................100,594 .......................... .......................... ...........................0<br />
L0733700.................. HUNTSVILLE.......................... AL....... ............ 12/05/2007 .................. .............4,000,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................280,858 .......................... .......................... ...........................0<br />
L0733900.................. CENTENNIAL.......................... CO...... ............ 12/10/2007 .................. .............3,500,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................132,154 .......................... .......................... ...........................0<br />
L0734000.................. BURKE.................................... VA....... ............ 12/28/2007 .................. ...........10,000,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,541 .......................... .......................... ...........................0<br />
L0734100.................. NEW PORT RICHEY.............. FL........ ............ 11/30/2007 .................. ...........13,700,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................234,192 .......................... .......................... ...........................0<br />
L0734200.................. UNION..................................... MO...... ............ 12/21/2007 .................. .............2,350,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................25,898 .......................... .......................... ...........................0<br />
L0734300.................. SALT LAKE CITY.................... UT....... ............ 11/07/2007 .................. ...........10,500,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................128,215 .......................... .......................... ...........................0<br />
L0734500.................. GERMANTOWN...................... MD...... ............ 11/30/2007 .................. .............4,750,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................85,054 .......................... .......................... ...........................0<br />
L0734600.................. FINDLAY TOWNSHIP............. PA....... ............ 11/21/2007 .................. .............3,200,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,365 .......................... .......................... ...........................0<br />
L0734900.................. HUDSON................................. MA...... ............ 12/04/2007 .................. .............2,437,500 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................28,561 .......................... .......................... ...........................0<br />
L0735100.................. AUSTIN.................................... TX....... ............ 12/14/2007 .................. ...........21,500,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................241,862 .......................... .......................... ...........................0<br />
L0735200.................. MILLERSVILLE....................... MD...... ............ 12/19/2007 .................. .............6,300,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................107,533 .......................... .......................... ...........................0<br />
L0735800.................. DENVER.................................. CO...... ............ 12/21/2007 .................. .............2,500,000 .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................26,232 .......................... .......................... ...........................0<br />
L0828300.................. KINGSPORT........................... TN....... ............ 04/24/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................101,091 .......................... .......................... ...........................0<br />
L0831701.................. NORTH DARTMOUTH........... MA...... ............ 05/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,119 .......................... .......................... ...........................0<br />
L0833500.................. SAN JOSE............................... CA....... ............ 01/03/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................112,767 .......................... .......................... ...........................0<br />
L0833800.................. HADDON HEIGHTS................ NJ....... ............ 02/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................20,789 .......................... .......................... ...........................0<br />
L0834700.................. FINDLAY TOWNSHIP............. PA....... ............ 03/26/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................29,010 .......................... .......................... ...........................0<br />
L0834800.................. WARREN................................. OH...... ............ 01/25/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................553,416 .......................... .......................... ...........................0<br />
L0835000.................. CHARLOTTE........................... NC....... ............ 01/25/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................218,095 .......................... .......................... ...........................0<br />
L0835500.................. MESA....................................... AZ....... ............ 03/03/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................34,669 .......................... .......................... ...........................0<br />
L0835600.................. JACKSONVILLE...................... FL........ ............ 02/15/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................73,091 .......................... .......................... ...........................0<br />
L0835700.................. JACKSONVILLE...................... FL........ ............ 01/29/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................27,323 .......................... .......................... ...........................0<br />
L0836000.................. BRIDGEVILLE......................... PA....... ............ 01/18/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................90,498 .......................... .......................... ...........................0<br />
L0836200.................. STERLING............................... VA....... ............ 02/29/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................66,746 .......................... .......................... ...........................0<br />
L0836500.................. GREEN.................................... OH...... ............ 01/24/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................58,507 .......................... .......................... ...........................0<br />
L0836700.................. SANTA FE SPRINGS............. CA....... ............ 03/18/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................24,314 .......................... .......................... ...........................0<br />
L0836900.................. LONG BEACH......................... CA....... ............ 02/29/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................38,919 .......................... .......................... ...........................0<br />
L0837100.................. CHARLOTTESVILLE.............. VA....... ............ 03/14/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,642 .......................... .......................... ...........................0<br />
L0837200.................. PHOENIX................................ AZ....... ............ 02/26/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................59,976 .......................... .......................... ...........................0<br />
L0837300.................. HUNTSVILLE.......................... AL....... ............ 02/19/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................53,822 .......................... .......................... ...........................0<br />
L0837400.................. MOKENA................................. IL......... ............ 02/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................51,082 .......................... .......................... ...........................0<br />
L0837501.................. CARMEL.................................. IN........ ............ 02/14/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................41,660 .......................... .......................... ...........................0<br />
L0837600.................. CHATSWORTH....................... CA....... ............ 02/14/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................67,282 .......................... .......................... ...........................0<br />
L0837700.................. CARLSBAD............................. CA....... ............ 02/14/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................77,228 .......................... .......................... ...........................0<br />
L0837801.................. STERLING............................... VA....... ............ 03/26/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................69,591 .......................... .......................... ...........................0<br />
L0837900.................. CRANBERRY TOWNSHIP..... PA....... ............ 04/04/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................75,176 .......................... .......................... ...........................0
E06.27<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
L0838000.................. JENSEN BEACH..................... FL........ ............ 02/28/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................22,426 .......................... .......................... ...........................0<br />
L0838100.................. MIAMI...................................... FL........ ............ 04/10/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................34,434 .......................... .......................... ...........................0<br />
L0838200.................. NASHVILLE............................. TN....... ............ 05/28/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................290,313 .......................... .......................... ...........................0<br />
L0838300.................. BALTIMORE............................ MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,246 .......................... .......................... ...........................0<br />
L0838400.................. OWINGS MILLS...................... MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,246 .......................... .......................... ...........................0<br />
L0838500.................. ROSSVILLE............................. MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................33,934 .......................... .......................... ...........................0<br />
L0838600.................. ABINGDON............................. MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................22,623 .......................... .......................... ...........................0<br />
L0838700.................. WOODLAWN........................... MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,180 .......................... .......................... ...........................0<br />
L0838800.................. WOODLAWN........................... MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................22,623 .......................... .......................... ...........................0<br />
L0838900.................. FORT MYERS......................... FL........ ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................147,049 .......................... .......................... ...........................0<br />
L0839000.................. JESSUP................................... MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,246 .......................... .......................... ...........................0<br />
L0839100.................. JESSUP................................... MD...... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................124,426 .......................... .......................... ...........................0<br />
L0839200.................. WASHINGTON TOWNSHIP... MI........ ............ 03/28/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................41,975 .......................... .......................... ...........................0<br />
L0839500.................. BONITA SPRINGS.................. FL........ ............ 04/10/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................61,537 .......................... .......................... ...........................0<br />
L0839600.................. LAKELAND.............................. FL........ ............ 03/20/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................105,734 .......................... .......................... ...........................0<br />
L0839700.................. INDIAN WELLS....................... CA....... ............ 03/17/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................25,846 .......................... .......................... ...........................0<br />
L0839800.................. HOUSTON............................... TX....... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................29,958 .......................... .......................... ...........................0<br />
L0839900.................. WINTER PARK....................... FL........ ............ 04/24/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,584 .......................... .......................... ...........................0<br />
L0840000.................. DUMFRIES.............................. VA....... ............ 04/18/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................79,980 .......................... .......................... ...........................0<br />
L0840200.................. NAPLES.................................. FL........ ............ 04/28/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,877 .......................... .......................... ...........................0<br />
L0840300.................. GLEN BURNIE........................ MD...... ............ 04/29/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................123,258 .......................... .......................... ...........................0<br />
L0840400.................. SANFORD............................... NC....... ............ 04/17/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................52,623 .......................... .......................... ...........................0<br />
L0840500.................. HUNTSVILLE.......................... AL....... ............ 04/17/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................20,508 .......................... .......................... ...........................0<br />
L0840600.................. JOHNS ISLAND...................... SC....... ............ 06/13/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................227,971 .......................... .......................... ...........................0<br />
L0840700.................. IRVING.................................... TX....... ............ 05/01/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................42,197 .......................... .......................... ...........................0<br />
L0840900.................. SANTA FE SPRINGS............. CA....... ............ 03/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,086 .......................... .......................... ...........................0<br />
L0841000.................. AUSTIN.................................... TX....... ............ 06/06/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,282 .......................... .......................... ...........................0<br />
L0841100.................. FORT WORTH........................ TX....... ............ 06/05/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,840 .......................... .......................... ...........................0<br />
L0841200.................. ROUND ROCK........................ TX....... ............ 06/05/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,067 .......................... .......................... ...........................0<br />
L0841300.................. AUSTIN.................................... TX....... ............ 05/23/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................11,990 .......................... .......................... ...........................0<br />
L0841400.................. VENTURA............................... CA....... ............ 05/28/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................11,535 .......................... .......................... ...........................0<br />
L0841600.................. AUBURN................................. CA....... ............ 06/27/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,454 .......................... .......................... ...........................0<br />
L0841700.................. RANCHO CUCAMONGA........ CA....... ............ 05/02/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................99,795 .......................... .......................... ...........................0<br />
L0841800.................. ONTARIO................................ CA....... ............ 06/02/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................45,248 .......................... .......................... ...........................0<br />
L0841900.................. TEMECULA............................. CA....... ............ 06/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................25,138 .......................... .......................... ...........................0<br />
L0842000.................. CHINO..................................... CA....... ............ 06/02/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................62,844 .......................... .......................... ...........................0<br />
L0842100.................. CORONA................................. CA....... ............ 06/02/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................55,303 .......................... .......................... ...........................0<br />
L0842200.................. LYNNWOOD........................... WA...... ............ 05/15/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,599 .......................... .......................... ...........................0<br />
L0842300.................. STRONGSVILLE..................... OH...... ............ 05/01/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................18,765 .......................... .......................... ...........................0<br />
L0842400.................. MORRISVILLE........................ NC....... ............ 06/09/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................20,278 .......................... .......................... ...........................0<br />
L0842600.................. LOS ANGELES....................... CA....... ............ 06/04/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................48,264 .......................... .......................... ...........................0<br />
L0842700.................. BROWNSBURG...................... IN........ ............ 06/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................49,359 .......................... .......................... ...........................0<br />
L0842800.................. CARMEL.................................. IN........ ............ 06/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................21,229 .......................... .......................... ...........................0<br />
L0842900.................. SANDY.................................... UT....... ............ 06/03/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................63,850 .......................... .......................... ...........................0<br />
L0843000.................. LAS VEGAS............................ NV....... ............ 09/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................4,836 .......................... .......................... ...........................0<br />
L0843100.................. HOUSTON............................... TX....... ............ 06/05/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................39,113 .......................... .......................... ...........................0<br />
L0843200.................. FLOWER MOUND.................. TX....... ............ 06/13/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................16,874 .......................... .......................... ...........................0<br />
L0843300.................. RIALTO.................................... CA....... ............ 06/26/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................23,127 .......................... .......................... ...........................0<br />
L0843400.................. POWELL.................................. OH...... ............ 06/13/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................14,245 .......................... .......................... ...........................0<br />
L0843500.................. LAKELAND.............................. FL........ ............ 07/16/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................16,839 .......................... .......................... ...........................0<br />
L0843600.................. CHINO..................................... CA....... ............ 06/17/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................18,711 .......................... .......................... ...........................0
E06.28<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE B - PART 3<br />
Showing all Mortgage Loans DISPOSED, Transferred or Repaid During the Current Year<br />
1 Location 4 5 6 7 Change in Book Value/Recorded Investment 14 15 16 17 18<br />
2 3 Book Value/ 8 9 10 11 12 13 Book Value/<br />
Recorded Current Year's Total Recorded<br />
Investment Unrealized Current Other Than Capitalized Total Foreign Investment Foreign<br />
Excluding Valuation Year's Temporary Deferred Change in Exchange Excluding Exchange Realized Total<br />
Loan Date Disposal Accrued Interest Increase (Amortization)/ Impairment Interest Book Value Change in Accrued Interest Gain (Loss) Gain (Loss) Gain (Loss)<br />
Loan Number City State Type Acquired Date Prior Year (Decrease) Accretion Recognized and Other (8+9-10+11) Book Value on Disposal Consideration on Disposal on Disposal on Disposal<br />
L0843800.................. BIRMINGHAM......................... AL....... ............ 07/25/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................76,649 .......................... .......................... ...........................0<br />
L0843900.................. PALM DESERT....................... CA....... ............ 07/31/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................20,082 .......................... .......................... ...........................0<br />
L0844000.................. BRENTWOOD......................... TN....... ............ 07/31/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,907 .......................... .......................... ...........................0<br />
L0844100.................. EDEN PRAIRIE....................... MN...... ............ 07/03/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ................133,208 .......................... .......................... ...........................0<br />
L0844200.................. SOLON.................................... OH...... ............ 08/29/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................18,407 .......................... .......................... ...........................0<br />
L0844400.................. HOLLY SPRINGS................... NC....... ............ 07/25/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................22,749 .......................... .......................... ...........................0<br />
L0844500.................. ATLANTA................................ GA....... ............ 09/09/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................40,927 .......................... .......................... ...........................0<br />
L0844600.................. HOUSTON............................... TX....... ............ 10/08/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................40,125 .......................... .......................... ...........................0<br />
L0844700.................. HOUSTON............................... TX....... ............ 10/08/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................13,375 .......................... .......................... ...........................0<br />
L0844800.................. HUNTSVILLE.......................... AL....... ............ 09/05/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................78,160 .......................... .......................... ...........................0<br />
L0844900.................. SIGNAL HILL........................... CA....... ............ 09/24/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................7,321 .......................... .......................... ...........................0<br />
L0845000.................. BERKELEY.............................. CA....... ............ 10/02/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................5,030 .......................... .......................... ...........................0<br />
L0845100.................. MIDDLE RIVER....................... MD...... ............ 09/03/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................48,969 .......................... .......................... ...........................0<br />
L0845300.................. GREENVILLE.......................... SC....... ............ 09/25/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................8,757 .......................... .......................... ...........................0<br />
L0845400.................. PEMBROKE............................ MA...... ............ 11/05/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ..................61,021 .......................... .......................... ...........................0<br />
L0845500.................. WILLIAMSBURG..................... VA....... ............ 10/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................3,205 .......................... .......................... ...........................0<br />
L0845600.................. DALLAS................................... TX....... ............ 09/30/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................5,937 .......................... .......................... ...........................0<br />
L0846300.................. LOS ANGELES....................... CA....... ............ 10/31/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................9,415 .......................... .......................... ...........................0<br />
L0846500.................. COMSTOCK PARK................. MI........ ............ 10/24/2008 .................. .............................. .......................... .......................... .......................... .......................... .......................0 .......................... .............................. ....................2,910 .......................... .......................... ...........................0<br />
0299999. Total - Mortgages With Partial Repayments..................................................................... ......6,512,380,102 .......................0 ............188,855 .......................0 .......................0 ............188,855 .......................0 ...........................0 .........240,196,381 .......................0 .......................0 ...........................0<br />
Mortgages Disposed<br />
22251........................ DENVER.................................. CO...... ............ 11/22/2002 12/24/2008 .............2,728,791 .......................... .......................... .......................... .......................... .......................0 .......................... .............2,634,914 .............2,511,550 .......................... ...........(123,364) ...............(123,364)<br />
28357........................ SULPHUR............................... LA....... ............ 01/07/1985 05/27/2008 .............1,111,419 .......................... .......................... .......................... .......................... .......................0 .......................... .............1,056,600 .............1,056,600 .......................... .......................... ...........................0<br />
15822200.................. NEW ORLEANS...................... LA....... ............ 03/09/1999 05/27/2008 .............5,050,264 .......................... ...................293 .......................... .......................... ...................293 .......................... .............4,981,651 .............4,981,651 .......................... .......................... ...........................0<br />
15833900.................. SAN MARCOS........................ TX....... ............ 12/20/2000 05/27/2008 .............3,194,833 .......................... ................2,060 .......................... .......................... ................2,060 .......................... .............3,168,408 .............3,168,408 .......................... .......................... ...........................0<br />
0399999. Total - Mortgages Disposed........................ .................................................................... ...........12,085,307 .......................0 ................2,353 .......................0 .......................0 ................2,353 .......................0 ...........11,841,573 ...........11,718,209 .......................0 ...........(123,364) ...............(123,364)<br />
0599999. Total Mortgages.......................................... .................................................................... ......6,796,936,200 .......................0 ............224,513 .......................0 .......................0 ............224,513 .......................0 .........275,770,686 .........515,843,706 .......................0 ...........(123,364) ...............(123,364)
E07<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 1<br />
Showing Other Long-Term Invested Assets OWNED December 31 of Current Year<br />
1 2 3 Location 6 7 8 9 10 11 12 Change in Book/Adjusted Carrying Value 18 19 20<br />
4 5 13 14 15 16 17<br />
Current Year's Current Year's<br />
Total<br />
Book/Adjusted Unrealized (Depreciation) Other Than Capitalized Foreign Commitment<br />
NAIC Date Type Carrying Value Valuation or Temporary Deferred Exchange for Percentage<br />
CUSIP Name of Vendor Desig- Originally and Actual Fair Less Increase (Amortization) Impairment Interest Change in Investment Additional of<br />
Identification Name or Description Code City State or General Partner nation Acquired Strategy Cost Value Encumbrances (Decrease) /Accretion Recognized and Other B./A.C.V. Income Investment Ownership<br />
Transportation Equipment - Unaffiliated<br />
000000 00 0 Southwest Airlines Leveraged Leases..... ....... Various............... ....... N/A........................................................... ......... 10/01/1991 ............. ........23,970,853 .......................... ......18,390,739 ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
0399999. Total - Transportation Equipment - Unaffiliated..................................................... ................................................................. .............................................. ........23,970,853 .......................0 ......18,390,739 ..................0 ..................0 ..................0 ..............0 ..................0 ................0 ..................0 ....XXX.......<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Bonds - Unaffiliated<br />
29331@ AA 5 4450 Colorado CAPCO Note, Series 2002A....... Denver................ CO.. Enhanced Colorado Issuer LLC............... ......1 12/01/2002 ............. .............606,676 ............257,412 ...........257,412 ........(60,568) ..................... ..................... ................. ..................... ................... ..................... ..................<br />
29333# AA 1 4515 Louisiana CAPCO Note, Series 2003....... New Orleans....... LA... Enhanced Louisiana Capital III LLC......... ......1 10/16/2003 ............. .............224,473 ............119,240 ...........119,240 ........(28,059) ..................... ..................... ................. ..................... ................... ..................... ..................<br />
97186M A* 4 4525 Wilshire Alabama CAPCO Note, Series ....... 2004 Montgomery....... AL... Wilshire Alabama Partners LLC............... ......1 02/04/2004 ............. .............221,121 ............139,594 ...........139,594 ........(27,640) ..................... ..................... ................. ..................... ................... ..................... ..................<br />
29333* AA 5 4530 Alabama CAPCO Note, Series 2004 ....... Montgomery....... AL... Enhanced Alabama Issuer LLC................ ......1 02/04/2004 ............. ..........1,116,936 ............763,783 ...........763,783 ......(119,697) ..................... ..................... ................. ..................... ................... ..................... ..................<br />
29333@ AA 3 4720 Enhanced Capital Texas CAPCO Note, ....... Series New 2005 Orleans....... LA... Enhanced Capital Texas Fund I LP.......... ......1 06/20/2005 ............. ..........1,177,631 .........1,177,631 ........1,177,631 ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
00775# AA 7 5210 Advantage Florida CAPCO Note, Series ....... 1999 New Orleans....... LA... Advantage Capital FL-GP-I-LLC.............. 6*...... 04/07/1999 ............. ..........5,200,204 .........1,087,313 ........1,087,313 ......(543,656) ..................... ..................... ................. ..................... ................... ..................... ..................<br />
29335# AA 9 5500 Enhanced Capital Texas CAPCO Note, ....... Series New 2008 Orleans....... LA... Enhanced Capital Texas Fund II LLC...... ......1 01/25/2008 ............. ..........3,905,735 .........3,905,735 ........3,905,735 ..................... ..................... ..................... ................. ..................... .........1,699 ..................... ..................<br />
29335* AA 3 5525 Enahnced Capital Alabama CAPCO Note, ....... Series New Orleans....... 2008 LA... Enhanced Capital Alabama Fund II LLC.. ......1 04/15/2008 ............. ..........3,096,946 .........3,096,948 ........3,096,948 ..................... ..................... ..................... ................. ..................... .........4,995 ..................... ..................<br />
0799999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Bonds - Unaffiliated................................................................. ........15,549,723 .......10,547,657 ......10,547,657 ......(779,620) ..................0 ..................0 ..............0 ..................0 .........6,694 ..................0 ....XXX.......<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Mortgage Loans - Unaffiliated<br />
000000 00 0 5225 Holy Name Housing Corp Mtg Loan Pool ....... Omaha................ NE.. Holy Name Housing Corp......................... ......... 01/01/1986 ............. ........................... .......................... ......................... ..................... ..................... ..................... ................. ..................... ............232 ..................... ..................<br />
0999999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Mortgage Loans - Unaffiliated.................................................. ........................0 .......................0 ......................0 ..................0 ..................0 ..................0 ..............0 ..................0 ............232 ..................0 ....XXX.......<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Other Fixed Income Instruments - Unaffiliated<br />
000000 00 0 5220 GE Small Business Finance Corp SBA....... St Louis.............. MO. Heller First Capital Corp........................... ......... 01/01/1985 ............. ...............44,927 ..............44,927 .............44,927 ..................... ..................... ..................... ................. ..................... .........4,602 ..................... ..................<br />
1199999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Other Fixed Income Instruments - Unaffiliated........................ ...............44,927 ..............44,927 .............44,927 ..................0 ..................0 ..................0 ..............0 ..................0 .........4,602 ..................0 ....XXX.......<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Fixed Income - Unaffiliated<br />
000000 00 0 4730 Legg Mason Real Estate Capital III Inc ....... Los Angeles........ CA.. Legg Mason Real Estate Investors Inc..... 6*...... 07/02/2005 ..........2 ........13,000,000 .......13,000,000 ......13,000,000 ..................... ..................... ..................... ................. ..................... ..2,020,000 ....7,000,000 ............5.7<br />
1399999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Fixed Income - Unaffiliated................................................................ ........13,000,000 .......13,000,000 ......13,000,000 ..................0 ..................0 ..................0 ..............0 ..................0 ..2,020,000 ....7,000,000 ....XXX.......<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Common Stocks - Unaffiliated<br />
000000 00 0 1445 Hanifen Imhoff Mezzanine Fund..... ....... Denver................ CO.. Hanifen Imhoff Capital Partners LP.......... ......... 06/21/1994 ..........2 ..........3,517,973 ............668,160 ...........668,160 ......(744,137) ..................... ..................... ................. ..................... ....(859,993) ..................... ..........34.4<br />
000000 00 0 1480 AIG Asian Infrastructure Fund......... ....... Bermuda............. ....... AIG Asian Infrastructure Management LP ......... 04/28/1994 ..........1 ..........4,114,245 ..............10,028 .............10,028 .............(441) ..................... ..................... ................. ..................... ................... ..................... ............1.4<br />
000000 00 0 3725 India Private Equity Fund LP........... ....... Cayman Islands.. ....... India Ventures LP..................................... ......... 02/15/1996 ..........1 .........(1,804,609) ............185,771 ...........185,771 .......597,706 ..................... ..................... ................. ..................... .....705,476 ..................... ............4.7<br />
000000 00 0 3855 CID Equity Capital V LP.................. ....... Indianapolis........ IN... CID Equity Partners V.............................. ......... 08/15/1996 ..........1 ..........1,838,980 ............143,262 ...........143,262 .........16,515 ..................... ..................... ................. ..................... ......(47,925) ..................... ............2.7<br />
000000 00 0 3955 Putnam Lovell Finance LP.............. ....... New York............ NY.. Putnam Lovell Finance Inc....................... ......... 08/01/1997 ..........3 ............(460,344) .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ............6.9<br />
000000 00 0 4005 Olympus Growth Fund III LP........... ....... Stamford............. CT.. OGP III LLC.............................................. ......... 07/30/1998 ..........3 .........(4,085,905) ............166,165 ...........166,165 ......(217,314) ..................... ..................... ................. ..................... ........(3,351) .......436,728 ............0.8<br />
000000 00 0 4010 Glenwood Partners LP.................... ....... Chicago.............. IL.... Glenwood Capital Investments LLC......... ......... 04/01/1998 ........13 .........(5,000,000) .......14,809,030 ......14,809,030 ...(2,525,118) ..................... ..................... ................. ..................... ................... ..................... ..........16.6<br />
000000 00 0 4015 Mesirow Alternative Strategies Fund LP ....... Chicago.............. IL.... Mesirow Advanced Strategies Inc............ ......... 04/01/1998 ........13 ........29,000,000 .......51,903,835 ......51,903,835 ...(8,747,732) ..................... ..................... ................. ..................... ................... ..................... ............6.9<br />
000000 00 0 4050 ChinaVest V LP............................... ....... Hong Kong......... ....... ChinaVest V LLC...................................... ......... 09/05/1998 ..........1 ..........2,393,937 ............275,350 ...........275,350 ......(151,845) ..................... ..................... ................. ..................... ......(12,244) ..................... ............5.3<br />
000000 00 0 4080 Quadrangle Partners LP.................. ....... New York............ NY.. L Heller & <strong>Company</strong> LLC.......................... ......... 11/02/1998 ........11 ...............96,932 ..............46,672 .............46,672 ...(1,239,274) ..................... ..................... ................. ..................... ................... ..................... ..........43.5<br />
000000 00 0 4275 Trimaran Fund II.............................. ....... New York............ NY.. Trimaran Investments II LLC.................... ......... 06/27/2000 ..........3 ..........7,813,853 .........8,452,018 ........8,452,018 ...(4,354,381) ..................... ..................... ................. ..................... ................... ....1,063,053 ............4.1<br />
000000 00 0 4290 Bay Harbour 90-I Ltd....................... ....... Tampa................ FL... Bay Harbour Investments Inc................... ......... 07/03/2000 ........11 ..........6,225,323 .........5,954,299 ........5,954,299 ...(5,640,541) ..................... ..................... ................. ..................... ................... ..................... ............3.6<br />
000000 00 0 4300 Gracie Capital LP............................ ....... New York............ NY.. P & S Capital Partners LLC...................... ......... 07/03/2000 ........13 .........(7,483,331) .........4,621,282 ........4,621,282 ...(3,884,693) ..................... ..................... ................. ..................... 12,206,263 ..................... ............5.6<br />
000000 00 0 4305 BDCM Partners I LP........................ ....... Lake Forest........ IL.... Black Diamond Capital Management LLC ......... 07/06/2000 ..........7 ........................... .......11,051,159 ......11,051,159 ...(3,545,724) ..................... ..................... ................. ..................... 10,000,000 ..................... ..........13.2<br />
000000 00 0 4325 Kenner Equities III LP...................... ....... New York............ NY.. Kenner & <strong>Company</strong> Inc............................ ......... 10/20/2000 ..........3 ........................... .......................... ......................... ..................... ..................... ..................... ................. ..................... ......(75,000) ..................... ..........10.2<br />
000000 00 0 4360 AG Edwards Private Equity Partners ....... QP II LP St. Louis............. MO. A.G. Edwards Capital Inc......................... ......... 06/04/2001 ..........3 ..........3,027,594 .........3,573,567 ........3,573,567 .......275,092 ..................... ..................... ................. ..................... ................... ....1,350,000 ..........10.8<br />
000000 00 0 4405 BIA Digital Partners LP.................... ....... Chantilly.............. VA.. BIA Digital Partners LLC.......................... ......... 05/21/2002 ..........2 ............(315,386) .........5,561,656 ........5,561,656 .......385,722 ..................... ..................... ................. ..................... ..2,468,018 ..................... ..........17.1<br />
000000 00 0 4415 Kenner Growth Partners LP............ ....... New York............ NY.. Kenner Growth Partners Group LLC........ ......... 04/11/2003 ..........3 ...............70,801 ...................939 ..................939 ..........(1,965) ..................... ..................... ................. ..................... ................... ..................... ..........19.9<br />
000000 00 0 4435 B IV Capital Partners LP................. ....... Wellesley............ MA.. GP Capital IV LLC.................................... ......... 02/07/2003 ............. ..........3,034,858 .........3,692,283 ........3,692,283 ......(862,107) ..................... ..................... ................. ..................... ....(490,089) .......750,000 ............1.7<br />
000000 00 0 4440 BHC Interim Funding II LP.............. ....... Stamford............. CT.. BHC Interim Funding Management LLC.. ......... 03/07/2003 ..........2 ..........8,538,051 .......14,716,200 ......14,716,200 ....2,067,928 ..................... ..................... ................. ..................... .....956,752 ....5,927,691 ..........10.0<br />
000000 00 0 4445 Mesirow Distressed Master Fund LP ....... Chicago.............. IL.... Mesirow Advanced Strategies Inc............ ......... 01/02/2003 ........11 ........10,000,000 .......15,327,084 ......15,327,084 ...(2,561,767) ..................... ..................... ................. ..................... ................... ..................... ..........53.7<br />
000000 00 0 4465 Common Sense Partners LP........... ....... Portland.............. OR.. Common Sense Investment Management LLC ......... 05/01/2003 ..........5 ........20,000,000 .......27,822,660 ......27,822,660 ......(228,256) ..................... ..................... ................. ..................... ................... ..................... ............1.2<br />
000000 00 0 4475 Garrison Acquisition LLC................. ....... Cleveland........... OH.. Edgewater Capital LLC............................ ......... 01/01/2003 ..........3 .............448,113 ............600,000 ...........448,113 ..................... ..................... ..................... ................. ..................... ................... ..................... ..........36.0<br />
000000 00 0 4505 Greywolf Capital Partners II LP....... ....... Greenwich.......... CT.. Grey Wolf Advisers LLC........................... ......... 09/02/2003 ........11 .........(1,864,468) .........2,529,652 ........2,529,652 ...(2,233,408) ..................... ..................... ................. ..................... ..4,770,919 ..................... ............3.1<br />
000000 00 0 4520 KAT Holdings LP............................. ....... New York............ NY.. KAT Group LP.......................................... ......... 12/03/2003 ..........3 ........10,000,000 .........2,600,000 ........2,600,000 ...(4,709,603) ..................... ..................... ................. ..................... ................... ..................... ............8.3<br />
000000 00 0 4555 P-Chem Acquistion LLC.................. ....... Chagrin Falls...... OH.. Edgewater Group LLC.............................. ......... 05/25/2004 ..........3 .............683,609 ............683,609 ...........683,609 ..................... ..................... ..................... ................. ..................... ................... ..................... ..........71.5<br />
000000 00 0 4570 Kenner Growth Partners SIE LP..... ....... New York............ NY.. Kenner Growth Partners Group LLC........ ......... 06/01/2004 ..........3 ..........1,227,545 .........2,642,903 ........2,642,903 .......574,753 ..................... ..................... ................. ..................... .....176,319 ..................... ..........19.9
E07.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 1<br />
Showing Other Long-Term Invested Assets OWNED December 31 of Current Year<br />
1 2 3 Location 6 7 8 9 10 11 12 Change in Book/Adjusted Carrying Value 18 19 20<br />
4 5 13 14 15 16 17<br />
Current Year's Current Year's<br />
Total<br />
Book/Adjusted Unrealized (Depreciation) Other Than Capitalized Foreign Commitment<br />
NAIC Date Type Carrying Value Valuation or Temporary Deferred Exchange for Percentage<br />
CUSIP Name of Vendor Desig- Originally and Actual Fair Less Increase (Amortization) Impairment Interest Change in Investment Additional of<br />
Identification Name or Description Code City State or General Partner nation Acquired Strategy Cost Value Encumbrances (Decrease) /Accretion Recognized and Other B./A.C.V. Income Investment Ownership<br />
000000 00 0 4605 Century Park Capital Partners II LP ....... Dover.................. DE.. Century Park Advisors II LLC................... ......... 01/14/2005 ..........3 ..........5,341,831 .........5,442,270 ........5,442,270 .......601,840 ..................... ..................... ................. ..................... ................... ....3,593,611 ............3.6<br />
000000 00 0 4615 Praesidian Capital Investors LP...... ....... New York............ NY.. Praesidian Capital LLC............................. ......... 12/29/2004 ..........2 ..........1,229,453 .........2,947,984 ........2,947,984 .......766,190 ..................... ..................... ................. ..................... .....733,455 ....1,801,376 ............9.5<br />
000000 00 0 4620 CSFB Strategic Partners III LP........ ....... New York............ NY.. CSFB Strategic Associates III LP............. ......... 08/01/2005 ............. ........11,132,905 .......16,124,611 ......16,124,611 ....4,474,888 ..................... ..................... ................. ..................... ..1,042,532 ....7,383,936 ............1.8<br />
000000 00 0 4645 Versa Capital Fund I LP.................. ....... Wayne................ PA.. Chrysalis Capital LP................................. ......... 04/14/2005 ............. ..........5,861,333 .........7,156,409 ........7,156,409 ....1,469,366 ..................... ..................... ................. ..................... .....764,480 .......800,000 ............4.3<br />
000000 00 0 4650 Lehman Brothers Merchant Banking Partners ....... New III LP York............ NY.. Lehman Brothers Merchant Banking Associates ......... III 04/18/2005 LP ..........3 ..........4,289,988 .........7,054,493 ........7,054,493 ....1,102,010 ..................... ..................... ................. ..................... .....736,915 ....1,548,965 ............1.6<br />
000000 00 0 4665 Kenner Equities IV LP..................... ....... New York............ NY.. Kenner Equity Partners LLC..................... ......... 08/25/2005 ..........3 ........22,663,561 .......18,536,670 ......18,536,670 ...(2,738,355) ..................... ..................... ................. ..................... ................... ....2,334,524 ..........11.2<br />
000000 00 0 4680 United States Power Fund II LP...... ....... Needham............ MA.. EIF US Power II LLC................................ ......... 11/23/2005 ..........3 ..........6,170,726 .........8,135,708 ........8,135,708 ....1,320,160 ..................... ..................... ................. ..................... .....730,575 ....2,638,557 ............2.0<br />
000000 00 0 4690 Tenaska Power Fund LP................. ....... Wilmington.......... DE.. Tenaska PF G LLC................................... ......... 07/01/2005 ..........3 ..........1,800,703 .........8,235,854 ........8,235,854 ....7,797,413 ..................... ..................... ................. ..................... ....(968,796) .......677,143 ............1.8<br />
000000 00 0 4695 LS Power Equity Partners LP.......... ....... New York............ NY.. LS Power Partners LP.............................. ......... 06/24/2005 ..........3 ..........6,944,185 .......13,529,060 ......13,529,060 ...(6,459,269) ..................... ..................... ................. ..................... ..2,465,576 .......230,797 ............1.4<br />
000000 00 0 4700 Ellington Mortgage Partners LP...... ....... Old Greenwich.... CT.. Ellington Capital Management LLC.......... ......... 06/01/2005 ..........7 ........11,432,243 .........9,935,506 ........9,935,506 ...(1,265,823) ..................... ..................... ................. ..................... ....(327,951) ..................... ............4.7<br />
000000 00 0 4715 Lehman Brothers Secondary Opportunities ....... New Fund York............ LP NY.. Lehman Brothers Secondary Opportunities ......... Associates 12/13/2005 LP ............. ........10,170,855 .......13,504,499 ......13,504,499 .......285,870 ..................... ..................... ................. ..................... .....815,855 ....2,699,158 ............4.1<br />
000000 00 0 4725 Calvert Street Capital Partners III LP ....... Baltimore............ MD. CSCP Fund Management III LLC............. ......... 08/19/2005 ..........3 ..........3,711,940 .........2,816,967 ........2,816,967 ......(408,962) ..................... ..................... ................. ..................... ................... ....6,288,060 ............4.4<br />
000000 00 0 4740 H&S Acquisition LLC....................... ....... Chagrin Falls...... OH.. Edqewater Capital LLC............................ ......... 08/25/2005 ..........3 .............737,801 ............737,801 ...........737,801 ..................... ..................... ..................... ................. ..................... ................... ..................... ..........73.6<br />
000000 00 0 4745 Syrgis Performance Products LLC.. ....... El Dorado........... AR.. Edqewater Capital LLC............................ ......... 08/25/2005 ..........3 .............262,199 ............262,199 ...........262,199 ..................... ..................... ..................... ................. ..................... ................... ..................... ............0.9<br />
000000 00 0 4780 Edgewater Capital Partners II LP.... ....... Chagrin Falls...... OH.. <strong>The</strong> Edgewater Group II LLC................... ......... 01/08/2007 ..........3 ..........1,485,800 .........1,384,670 ........1,384,670 ......(101,130) ..................... ..................... ................. ..................... .......88,000 ....8,514,200 ..........33.5<br />
000000 00 0 4785 BIA Digital Partners II LP................. ....... Chantilly.............. VA.. BIA Digital Partners II LLC....................... ......... 04/04/2006 ..........2 ..........4,319,747 .........4,053,199 ........4,053,199 ......(301,990) ..................... ..................... ................. ..................... ................... ....5,680,253 ..........24.9<br />
000000 00 0 4790 Edison Venture Fund VI LP............. ....... Lawrenceville...... NJ... Edison Partners VI LLC............................ ......... 09/12/2006 ..........1 ..........6,700,000 .........6,034,311 ........6,034,311 ......(220,011) ..................... ..................... ................. ..................... ................... ....3,300,000 ............3.9<br />
000000 00 0 4815 Wayzata Opportunities Fund LLC... ....... Wayzata............. MN. Wayzata Investment Partners LLC........... ......... 02/17/2006 ............. ........13,333,060 .......16,292,470 ......16,292,470 .......472,457 ..................... ..................... ................. ..................... ................... .......112,500 ............1.2<br />
000000 00 0 4840 Avista Capital Partners LP.............. ....... New York............ NY.. Avista Capital Partners GP LLC............... ......... 04/27/2006 ..........3 ........20,783,612 .......27,962,283 ......27,962,283 ....4,190,945 ..................... ..................... ................. ..................... ................... ....3,569,944 ............3.9<br />
000000 00 0 4845 Racecar Holdings LLC.................... ....... New York............ NY.. Avista Capital Partners LP....................... ......... 04/26/2006 ..........3 .............435,449 .......10,000,000 ...........435,449 ..................... ..................... ..................... ................. ..................... ................... ..................... ............5.4<br />
000000 00 0 4850 Wedbush Capital Partners LP......... ....... Los Angeles........ CA.. Wedbush Capital GP LLC........................ ......... 06/16/2006 ..........3 ..........3,269,338 .........3,070,923 ........3,070,923 .......345,116 ..................... ..................... ................. ..................... ....(388,516) ....6,333,333 ............8.3<br />
000000 00 0 4855 Prisma Spectrum Fund LP.............. ....... Jersey City.......... NJ... Prisma Capital Partners LLC.................... ......... 04/28/2006 ........13 ........20,000,000 .......20,758,163 ......20,758,163 ...(3,286,060) ..................... ..................... ................. ..................... ................... ..................... ............6.5<br />
000000 00 0 4860 Lehman Brothers Co-Investment Partners ....... LP New York............ NY.. Lehman Brothers Co-Investment Associates ......... LP 09/28/2006 ..........1 ........13,115,630 .......15,078,582 ......15,078,582 ......(430,545) ..................... ..................... ................. ..................... ................... ....7,948,683 ............2.5<br />
000000 00 0 4870 Amaranth Partners LLC................... ....... Greenwich.......... CT.. Amaranth Advisors LLC........................... ......... 06/01/2006 ........13 ........15,393,429 ............623,565 ...........623,565 ........(27,018) ..................... ..................... ................. ..................... ....(246,235) ..................... ............1.8<br />
000000 00 0 4875 Marwit Capital Partners II LP........... ....... Newport Beach... CA.. Marwit Partners LLC................................. ......... 07/03/2006 ..........3 ..........7,052,023 .........6,432,158 ........6,432,158 ......(258,678) ..................... ..................... ................. ..................... .....169,303 ....2,947,977 ............5.4<br />
000000 00 0 4880 MHR Institutional Partners III LP..... ....... New York............ NY.. MHR Institutional Advisors III LLC............ ......... 10/02/2006 ............. ........15,263,348 .......12,886,574 ......12,886,574 ...(2,259,424) ..................... ..................... ................. ..................... ................... ....9,736,652 ............0.7<br />
000000 00 0 5150 Louisiana Seed Capital Fund LP..... ....... Baton Rouge...... LA... Source Capital Corporation...................... ......... 07/06/1998 ............. ..............(50,114) ..............17,725 .............17,725 ..........(1,820) ..................... ..................... ................. ..................... ................... ..................... ............0.8<br />
000000 00 0 5155 Spring Capital Partnes II LP............ ....... Baltimore............ MD. Spring Capital Investors II LLC................. ......... 10/16/2006 ..........2 ..........2,500,000 .........2,151,929 ........2,151,929 ........(75,332) ..................... ..................... ................. ..................... ................... ....2,500,000 ..........13.2<br />
000000 00 0 5215 TCW/Crescent Mezzanine Partnership ....... III LPLos Angeles........ CA.. TCW/Crescent Mezzanine III LLC............ ......... 03/07/2001 ............. .......(16,812,679) .........3,824,928 ........3,824,928 ........(59,330) ..................... ..................... ................. ..................... .....175,360 ....6,654,852 ............1.7<br />
000000 00 0 5295 WOF LLC I...................................... ....... Wayzata............. MN. Wayzata Investment Partners LLC........... ......... 08/14/2006 ............. ..........1,606,940 .........1,752,602 ........1,752,602 .......158,589 ..................... ..................... ................. ..................... ................... ..................... ............3.3<br />
000000 00 0 5300 LBC Credit Partners LP................... ....... Philadelphia........ PA.. LBC Credit Funding LP............................ ......... 08/29/2006 ..........2 ..........6,678,423 .........7,981,140 ........7,981,140 .......941,326 ..................... ..................... ................. ..................... .....981,326 ....4,125,000 ............6.4<br />
000000 00 0 5345 Deephaven Global Multi-Strategy Fund ....... LLCMinnetonka......... MN. Deephaven Management LLC................. ......... 11/01/2006 ........13 ........15,000,000 .......11,816,849 ......11,816,849 ...(5,812,997) ..................... ..................... ................. ..................... ................... ..................... ............2.8<br />
000000 00 0 5360 Zais Matrix V-B LP.......................... ....... Red Bank............ NJ... Zais Group LLC........................................ ......... 11/17/2006 ..........2 ........15,953,846 .........9,315,586 ........9,315,586 ...(5,394,817) ..................... ..................... ................. ..................... .(2,618,674) ....6,427,481 ..........21.6<br />
000000 00 0 5365 LS Power Equity Partners II LP....... ....... New York............ NY.. LS Power Partners II LP........................... ......... 02/02/2007 ..........3 ..........5,450,577 .........6,032,985 ........6,032,985 .......540,237 ..................... ..................... ................. ..................... .....155,137 ..13,370,772 ............1.1<br />
000000 00 0 5375 Prism Partners LP........................... ....... Boston................ MA.. Delta Advisors LLC................................... ......... 12/29/2006 ..........5 ..........7,000,000 .........3,500,778 ........3,500,778 ...(3,433,065) ..................... ..................... ................. ..................... ................... ..................... ............2.4<br />
000000 00 0 5380 Lehman Brothers Merchant Banking Partners ....... New IVLP York............ NY.. Lehman Brothers Merchant Banking Associates ......... IV 10/22/2007 LP ..........3 ..........5,204,205 .........4,441,745 ........4,441,745 ......(762,460) ..................... ..................... ................. ..................... ................... ..14,795,795 ............0.7<br />
000000 00 0 5385 Greenpark International Investors III ....... Guernsey............ ....... Greenpark International General Partners III ......... 04/26/2007 ............. ........14,687,983 .......13,408,228 ......13,408,228 ......(174,016) ..................... ..................... ................. ......(995,006) ....(245,033) ....3,588,420 ............2.1<br />
000000 00 0 5390 United States Power Fund III LP..... ....... Needham............ MA.. EIF US Power III LLC............................... ......... 06/28/2007 ..........3 ..........6,077,608 .........6,098,993 ........6,098,993 .......195,399 ..................... ..................... ................. ..................... .......70,829 ....8,243,178 ............1.1<br />
000000 00 0 5395 Excellere Capital Fund LP............... ....... Denver................ CO.. Excellere Partners LLC............................ ......... 03/27/2007 ..........3 ..........2,970,350 .........2,607,815 ........2,607,815 ......(165,559) ..................... ..................... ................. ..................... ................... ....7,029,650 ............3.8<br />
000000 00 0 5400 JANA Partners Qualified LP............ ....... New York............ NY.. JANA Partners LLC.................................. ......... 03/30/2007 ..........5 ........12,000,000 .........9,353,034 ........9,353,034 ...(2,490,919) ..................... ..................... ................. ..................... ................... ..................... ..........23.0<br />
000000 00 0 5405 Praesidian Capital Investors II LP... ....... New York............ NY.. Praesidian Capital GP II LP...................... ......... 07/02/2007 ..........2 ..........2,545,198 .........2,496,128 ........2,496,128 .........28,358 ..................... ..................... ................. ..................... ......(59,494) ....2,250,000 ............6.7<br />
000000 00 0 5420 <strong>The</strong> Resolute Fund II LP................. ....... New York............ NY.. Resolute Fund Partners II LLC................. ......... 07/26/2007 ..........3 ..........7,023,806 .........5,980,156 ........5,980,156 ......(599,202) ..................... ..................... ................. ..................... .......31,286 ..22,976,194 ............0.9<br />
000000 00 0 5425 JLP Credit Opportunity Fund LP..... ....... New York............ NY.. Phoenix Capital Mangement LLC............. ......... 05/01/2007 ..........7 ........15,000,000 .........7,328,352 ........7,328,352 ...(5,972,317) ..................... ..................... ................. ..................... ................... ..................... ..........11.2<br />
000000 00 0 5440 HarbourVest Partners 2007 Direct Fund ....... LPBoston................ MA.. HarbourVest Partners 2007 Direct Assoc LP......... 09/26/2007 ..........3 ..........8,100,000 .........6,790,112 ........6,790,112 ...(1,277,217) ..................... ..................... ................. ..................... ................... ..21,900,000 ............4.3<br />
000000 00 0 5445 OZ Domesitc Partners II LP............ ....... New York............ NY.. OZ Advisors LLC...................................... ......... 06/29/2007 ..........6 ........18,000,000 .......15,504,507 ......15,504,507 ...(2,461,774) ..................... ..................... ................. ..................... ................... ..................... ............0.8<br />
000000 00 0 5470 Wayzata Opportunities Fund II LP.. ....... Wayzata............. MN. Wayzata Investment Partners LLC........... ......... 09/27/2007 ............. ........20,000,000 .......19,150,011 ......19,150,011 ......(849,989) ..................... ..................... ................. ..................... .......17,176 ....5,000,000 ............1.2<br />
000000 00 0 5485 Lehman Brothers Secondary Opportunities ....... New Fund York............ II LP NY.. Lehman Brothers Secondary Opportunities ......... Associates 05/22/2008 II LP ............. ..........2,497,104 .........2,374,166 ........2,374,166 ......(122,938) ..................... ..................... ................. ..................... .........1,823 ..22,502,896 ............2.0<br />
000000 00 0 5490 Regiment Capital Special Situations IV ....... LP Boston................ MA.. Regiment Capital IV GP LP...................... ......... 03/10/2008 ............. ..........4,364,913 .........3,878,514 ........3,878,514 ......(486,399) ..................... ..................... ................. ..................... ....(174,545) ..15,460,543 ............2.4<br />
000000 00 0 5505 Versa Capital Fund II LP................. ....... Wayne................ PA.. Versa FGP-II LP....................................... ......... 04/04/2008 ............. .............600,000 ............600,000 ...........600,000 ..................... ..................... ..................... ................. ..................... ................... ..14,400,000 ............1.7<br />
000000 00 0 5515 GEM Realty Securities LP............... ....... Chicago.............. IL.... GEM Realty Advisors LLC........................ ......... 02/29/2008 ..........5 ........10,000,000 .........9,927,150 ........9,927,150 ........(72,850) ..................... ..................... ................. ..................... ................... ..................... ............1.2
E07.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 1<br />
Showing Other Long-Term Invested Assets OWNED December 31 of Current Year<br />
1 2 3 Location 6 7 8 9 10 11 12 Change in Book/Adjusted Carrying Value 18 19 20<br />
4 5 13 14 15 16 17<br />
Current Year's Current Year's<br />
Total<br />
Book/Adjusted Unrealized (Depreciation) Other Than Capitalized Foreign Commitment<br />
NAIC Date Type Carrying Value Valuation or Temporary Deferred Exchange for Percentage<br />
CUSIP Name of Vendor Desig- Originally and Actual Fair Less Increase (Amortization) Impairment Interest Change in Investment Additional of<br />
Identification Name or Description Code City State or General Partner nation Acquired Strategy Cost Value Encumbrances (Decrease) /Accretion Recognized and Other B./A.C.V. Income Investment Ownership<br />
1599999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Common Stocks - Unaffiliated........................................................... ......470,317,091 .....573,367,947 ....563,651,509 .(61,010,692) ..................0 ..................0 ..............0 ......(995,006) 33,745,529 258,891,920 ....XXX.......<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Real Estate - Unaffiliated<br />
000000 00 0 4310 RockBridge Real Estate Fund LLC. ....... Columbus........... OH.. Bluestone Investors LP............................ ......... 09/29/2000 ..........2 .........(6,256,926) .........2,111,388 ........2,111,388 .......662,413 ..................... ..................... ................. ..................... .....408,868 ..................... ..........10.7<br />
000000 00 0 4375 RockBridge Real Estate Fund II LLC ....... Columbus........... OH.. RBC Partners II LLC................................. ......... 07/07/2003 ..........2 ..........3,409,751 .........7,289,905 ........7,289,905 .......768,436 ..................... ..................... ................. ..................... .....466,428 ..................... ..........10.9<br />
000000 00 0 4390 BPG Investment Partnership VI LP. ....... Yardley............... PA.. Bergen GP6 Limited Partnership............. ......... 09/06/2002 ............. .........(1,445,989) .........2,951,130 ........2,951,130 .......425,140 ..................... ..................... ................. ..................... .....123,654 ..................... ............2.6<br />
000000 00 0 4500 Blue Vista Sponsor Equity Fund LLC ....... Chicago.............. IL.... Blue Vista Capital Management LLC....... ......... 11/20/2003 ............. .............769,358 .........3,953,084 ........3,953,084 .......508,568 ..................... ..................... ................. ..................... .......86,854 .........28,387 ..........33.3<br />
000000 00 0 4600 Genesis Workforce Housing Fund LLC....... Los Angeles........ CA.. Phoenix Realty Fund Investors I LLC....... ......... 11/15/2004 ............. ..........6,977,401 .........4,301,395 ........4,301,395 ...(3,184,255) ..................... ..................... ................. ..................... ....(129,715) ...........6,752 ............9.3<br />
000000 00 0 4670 Lehman Brothers Real Estate Mezzanine ....... LPNew York............ NY.. Lehman Brothers Real Estate Mezzanine Associates ......... 09/26/2005 LP ..........2 ........16,979,185 .......18,392,710 ......18,392,710 ...(2,514,313) ..................... ..................... ................. ..................... ....(134,342) ..................... ............2.3<br />
000000 00 0 4755 Capri Select Income II LLC............. ....... Chicago.............. IL.... Capri Capital Advisors LLC...................... ......... 12/01/2005 ..........2 ........17,465,600 .......14,687,931 ......14,687,931 ...(3,757,118) ..................... ..................... ................. ..................... ..1,576,090 ..................... ............6.4<br />
000000 00 0 4760 RockBridge Real Estate Fund III LLC....... Columbus........... OH.. RBC Partners III LLC................................ ......... 06/12/2006 ..........2 ........18,666,667 .......16,974,036 ......16,974,036 ...(1,587,713) ..................... ..................... ................. ..................... ....(333,333) ..................... ..........13.3<br />
000000 00 0 4810 California Urban Housing Fund LLC ....... Los Angeles........ CA.. Phoenix Realty Fund Investors I LLC....... ......... 03/02/2006 ..........2 ........11,502,617 .........9,483,754 ........9,483,754 ...(1,740,280) ..................... ..................... ................. ..................... ........(9,664) .......482,129 ..........27.6<br />
000000 00 0 4825 Grosvenor Residentail INvestment Partners ....... Philadelphia........ I LP<br />
PA.. Resdential Investors I LLC....................... ......... 04/27/2007 ............. ..........1,708,200 .........1,650,349 ........1,650,349 ........(57,851) ..................... ..................... ................. ..................... ........(2,003) ..18,291,800 ..........20.0<br />
000000 00 0 4865 Apollo Real Estate Finance Corporation ....... Purchase............ NY.. Apollo <strong>Financial</strong> Advisors LLC.................. ......... 12/21/2006 ............. ..........9,822,000 .........9,822,000 ........9,822,000 ..................... ..................... ..................... ................. ..................... .....793,302 ..10,178,000 ............3.2<br />
000000 00 0 5310 Blue Vista Sponsor Equity Fund II LLC....... Chicago.............. IL.... Blue Vista Managers II LLC...................... ......... 10/02/2006 ............. ..........5,568,695 .........3,842,197 ........3,842,197 ...(1,726,498) ..................... ..................... ................. ..................... .(1,040,140) ..13,298,447 ............8.3<br />
000000 00 0 5315 Metropolitan Workforce Housing Fund ....... LLC New York............ NY.. Phoenix Housing Partners Northeast LLC ......... 12/15/2006 ............. ..........3,055,780 .........1,910,573 ........1,910,573 ......(532,639) ..................... ..................... ................. ..................... ................... ..21,944,220 ............8.6<br />
1799999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Real Estate - Unaffiliated................................................................... ........88,222,338 .......97,370,452 ......97,370,452 .(12,736,110) ..................0 ..................0 ..............0 ..................0 ..1,805,998 ..64,229,735 ....XXX.......<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Unaffiliated<br />
000000 00 0 3895 Encap Equity Capital Fund III LP.... ....... Houston.............. TX.. EnCap Investments LLC.......................... ......... 08/25/1997 ............. .......(25,056,020) .........1,668,761 ........1,668,761 ....3,435,186 ..................... ..................... ................. ..................... ..3,521,189 ..................... ..........12.2<br />
000000 00 0 4380 Encap Energy Capital Fund IV LP... ....... Houston.............. TX.. EnCap Equity Fund IV GP LP.................. ......... 12/20/2001 ............. .......(30,356,020) .........3,277,592 ........3,277,592 .......372,136 ..................... ..................... ................. ..................... .....557,731 .......607,050 ............7.0<br />
000000 00 0 4545 Energy Spectrum Partners IV LP.... ....... Dallas................. TX.. Energy Spectrum Capital IV LP................ ......... 06/03/2004 ............. ..........5,149,846 .........9,024,967 ........9,024,967 ....1,442,444 ..................... ..................... ................. ..................... ..1,636,623 .......228,383 ............2.8<br />
000000 00 0 4565 Encap Energy Capital Fund V LP.... ....... Houston.............. TX.. EnCap Equity Fund V GP LP................... ......... 08/18/2004 ............. .........(5,280,317) .......22,101,809 ......22,101,809 ..16,516,592 ..................... ..................... ................. ..................... 18,719,107 .......184,579 ............6.5<br />
000000 00 0 4625 Cordillera Energy Partners II LLC... ....... Greenwood VillageCO.. Cordillera Holdings LLC........................... ......... 02/07/2005 ............. ............(791,129) ............800,186 ...........800,186 ....1,504,967 ..................... ..................... ................. ..................... ..9,055,633 ..................... ............2.5<br />
000000 00 0 4750 JOG Capital Fund III LP.................. ....... Canada............... ....... JOG Capital Inc........................................ ......... 09/06/2005 ............. ........11,842,249 .........9,865,422 ........9,865,422 .......121,226 ..................... ..................... ................. ...(3,107,855) ....(163,624) .......413,173 ..........12.5<br />
000000 00 0 4770 Natural Gas Partners VIII LP........... ....... Irving................... TX.. GFW Energy VIII LP................................. ......... 11/30/2005 ............. ..........6,302,393 .........8,317,572 ........8,317,572 .......841,030 ..................... ..................... ................. ..................... ..1,101,085 ....2,802,647 ............0.9<br />
000000 00 0 4820 Encap Energy Capital Fund VI LP... ....... Houston.............. TX.. EnCap EquityFund VI GP LP................... ......... 07/17/2006 ............. ........17,934,984 .......22,173,166 ......22,173,166 ....4,078,815 ..................... ..................... ................. ..................... ..1,735,654 ..19,766,321 ............4.1<br />
000000 00 0 5340 Celero Energy <strong>Company</strong> LP............ ....... Fort Worth.......... TX.. Celero Energy Management LLC............. ......... 11/15/2006 ............. ..........1,189,481 .........1,302,027 ........1,302,027 .......252,546 ..................... ..................... ................. ..................... ................... ....8,810,519 ............1.0<br />
000000 00 0 5410 Energy Spectrum Partners V LP..... ....... Dallas................. TX.. Energy Spectrum Capital V LP................. ......... 06/20/2007 ............. ..........7,889,704 .........6,972,646 ........6,972,646 ......(645,953) ..................... ..................... ................. ..................... ............744 ..17,110,296 ............4.1<br />
000000 00 0 5435 Cordillera Energy Partners III LLC.. ....... Greenwood VillageCO.. Cordillera Holdings II LLC........................ ......... 07/02/2007 ............. ..........2,908,166 .........2,920,927 ........2,920,927 .........12,762 ..................... ..................... ................. ..................... ........(3,694) ....7,075,338 ............2.0<br />
000000 00 0 5450 Encap Energy Capital Fund VII LP.. ....... Houston.............. TX.. EnCap Investments LP............................. ......... 09/17/2007 ............. ..........5,413,948 .........5,399,381 ........5,399,381 .........45,117 ..................... ..................... ................. ..................... ....(147,120) ..19,277,522 ............1.2<br />
000000 00 0 5475 Natural Gas Partnes IX LP.............. ....... Irving................... TX.. GFW Enegy IX LP.................................... ......... 10/22/2007 ............. ..........4,504,595 .........3,958,691 ........3,958,691 ......(545,904) ..................... ..................... ................. ..................... ......(15,875) ..20,495,405 ............0.8<br />
000000 00 0 5510 Riverstone/Carlyle Global Energy & Power ....... Fund New York............ IV LP NY.. Riverstone/Carlyle Energy Partners IV LLC......... 03/03/2008 ............. ..........3,914,794 .........3,673,576 ........3,673,576 ......(241,218) ..................... ..................... ................. ..................... ................... ..11,085,206 ............0.3<br />
1999999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Unaffiliated............................................................................ ..........5,566,673 .....101,456,724 ....101,456,724 ..27,189,747 ..................0 ..................0 ..............0 ...(3,107,855) 35,997,453 107,856,438 ....XXX.......<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Affiliated<br />
<strong>Lincoln</strong> Retirement Services Co, LLC...... ....... Fort Wayne......... IN... <strong>Lincoln</strong> Retirement Services Co, LLC...... ......... 02/28/2000 ............. .............500,000 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
LFA, LLC.................................................. ....... Fort Wayne......... IN... LFA Indiana, LLC..................................... ......... 01/02/2000 ............. ......258,140,015 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
LFD <strong>Insurance</strong> Agency, LLC.................... ....... ........................... ....... LFD Delaware, LLC.................................. ......... 01/02/2000 ............. ..........9,009,900 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
<strong>Lincoln</strong> <strong>Financial</strong> Holdings, LLC............... ....... ........................... ....... <strong>Lincoln</strong> <strong>Financial</strong> Holdings, LLC............... ......... 05/18/2005 ............. .............251,000 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
2099999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Affiliated................................................................................ ......267,900,915 .......................0 ......................0 ..................0 ..................0 ..................0 ..............0 ..................0 ................0 ..................0 ....XXX.......<br />
Surplus Debentures - Unaffiliated<br />
095356 AA 9 Blue Cross Blue Shield Florida................. ....... ........................... ....... Transfer from Schedule D........................ ......1 01/31/2002 ............. ........10,061,599 .......10,746,500 ......10,040,323 ..................... ........(12,005) ..................... ................. ..................... .....812,995 ..................... ..................<br />
309588 AC 5 Farmers <strong>Insurance</strong> Exchange.................. ....... ........................... ....... Transfer from Schedule D........................ ......2 04/12/2006 ............. ..........8,866,630 .........5,268,067 ........8,865,523 ..................... ..........(1,107) ..................... ................. ..................... .....100,002 ..................... ..................<br />
309601 AA 0 Farmers <strong>Insurance</strong> Exchange.................. ....... ........................... ....... Transfer from Schedule D........................ ......2 04/12/2006 ............. ........13,536,422 .........7,824,222 ......13,525,466 ..................... ........(10,956) ..................... ................. ..................... .....157,346 ..................... ..................<br />
309601 AC 6 Farmers <strong>Insurance</strong> Exchange.................. LS... ........................... ....... Transfer from Schedule D........................ ......2 11/02/2004 ............. ........12,022,591 .......10,356,600 ......12,017,816 ..................... ..........(2,666) ..................... ................. ..................... .....717,334 ..................... ..................<br />
368770 AA 1 General American LIfe............................. ....... ........................... ....... Transfer from Schedule D........................ ......1 02/26/2001 ............. ..........6,051,010 .........7,911,000 ........6,062,185 ..................... ...........6,303 ..................... ................. ..................... .....482,865 ..................... ..................<br />
41020V AA 9 John Hancock <strong>Life</strong> <strong>Insurance</strong>................... ....... ........................... ....... Transfer from Schedule D........................ ......1 04/26/2001 ............. ..........9,879,701 .......11,617,300 ........9,886,686 ..................... ...........3,932 ..................... ................. ..................... .....741,432 ..................... ..................<br />
575767 AB 4 Massachusetts Mutual <strong>Life</strong> <strong>Insurance</strong>...... ....... ........................... ....... Transfer from Schedule D........................ ......1 05/31/2001 ............. ..........7,018,400 .........6,356,350 ........7,017,220 ..................... .............(665) ..................... ................. ..................... .....533,085 ..................... ..................<br />
64952G AE 8 New York <strong>Life</strong> <strong>Insurance</strong> Co 144.............. ....... ........................... ....... Transfer from Schedule D........................ ......1 11/17/2003 ............. ........23,457,367 .......20,616,233 ......23,442,716 ..................... ..........(5,456) ..................... ................. ..................... ..1,354,607 ..................... ..................<br />
694606 AA 2 Pacific Mutual <strong>Life</strong> Ins <strong>Company</strong>.............. ....... ........................... ....... Transfer from Schedule D........................ ......1 05/31/2001 ............. ........20,677,502 .......23,207,600 ......20,637,679 ..................... ........(22,419) ..................... ................. ..................... ..1,557,581 ..................... ..................<br />
2199999. Total - Surplus Debentures - Unaffiliated.............................................................. .................................................................................................................. ......111,571,221 .....103,903,872 ....111,495,612 ..................0 ........(45,039) ..................0 ..............0 ..................0 ..6,457,247 ..................0 ....XXX.......<br />
Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated
E07.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 1<br />
Showing Other Long-Term Invested Assets OWNED December 31 of Current Year<br />
1 2 3 Location 6 7 8 9 10 11 12 Change in Book/Adjusted Carrying Value 18 19 20<br />
4 5 13 14 15 16 17<br />
Current Year's Current Year's<br />
Total<br />
Book/Adjusted Unrealized (Depreciation) Other Than Capitalized Foreign Commitment<br />
NAIC Date Type Carrying Value Valuation or Temporary Deferred Exchange for Percentage<br />
CUSIP Name of Vendor Desig- Originally and Actual Fair Less Increase (Amortization) Impairment Interest Change in Investment Additional of<br />
Identification Name or Description Code City State or General Partner nation Acquired Strategy Cost Value Encumbrances (Decrease) /Accretion Recognized and Other B./A.C.V. Income Investment Ownership<br />
000000 00 0 5160 Ambac Tax Credit Fund SHS 2003-2B ....... LLCNew York............ NY.. Ambac Assurance Corp........................... ......... 12/31/2003 ............. ........20,000,000 .......14,822,802 ......13,829,490 ...(1,401,610) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5165 Nationwide Tax Credit Partners 2004-A ....... LLCColumbus........... OH.. Nationwide <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>........ ......... 02/12/2004 ............. ........18,769,700 .......10,675,383 ........9,768,050 ...(2,255,435) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5170 Garnet LIHTC Fund III LLC............. ....... Cedar Rapids..... IA.... Garnet Community Investments III LLC... ......... 05/13/2004 ............. ........23,626,469 .......14,442,580 ......13,769,208 ...(1,904,364) ..................... ..................... ................. ..................... ........(6,526) ..................... ..........99.9<br />
000000 00 0 5175 TCF JP/F LLC................................. ....... Charlotte............. NC.. Wachovia Affordable Housing Corp......... ......... 06/18/2004 ............. ........30,588,168 .......17,402,591 ......16,517,814 ...(3,920,002) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5185 Nationwide Tax Credit Partners 2004-D ....... LLCColumbus........... OH.. Nationwide <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>........ ......... 07/14/2004 ............. ........25,170,598 .......15,707,886 ......14,848,773 ......(747,352) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5190 MS Guaranteed Tax Credit Fund IX LLC ....... Columbus........... OH.. MS Managing Member IX LLC................. ......... 11/12/2004 ............. ........27,014,795 .......19,473,240 ......18,703,060 ...(2,096,509) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5195 Nationwide Tax Credit Partners 2005-A ....... LLCColumbus........... OH.. Nationwide <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>........ ......... 03/14/2005 ............. ........13,287,659 .........9,658,085 ........9,564,527 ......(553,679) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5200 Nationwide Tax Credit Partners 2005-C ....... LLCColumbus........... OH.. Nationwide <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong>........ ......... 05/13/2005 ............. ........21,515,736 .......16,593,947 ......16,254,074 ...(1,713,091) ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
000000 00 0 5205 Paramount Guaranteed Tax Credot Fund ....... IV Granville............. LLC<br />
OH.. Paramount Managing Member 34 LLC.... ......... 04/07/2005 ............. ........15,509,668 .......11,320,579 ......10,902,315 ...(1,333,654) ..................... ..................... ................. ..................... ................... ..............100 ........100.0<br />
2999999. Total - Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated.............................................................................................................................. ......195,482,793 .....130,097,093 ....124,157,311 .(15,925,696) ..................0 ..................0 ..............0 ..................0 ........(6,526) ..............100 ....XXX.......<br />
Non-Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated<br />
000000 00 0 3645 KeyCorp Investment LP.................. ....... Cleveland........... OH.. Key Community Development Corp......... ......... 04/03/1995 ............. ..........8,500,000 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..........17.0<br />
000000 00 0 3860 KeyCorp Investment LP II............... ....... Cleveland........... OH.. Key Community Development Corp......... ......... 07/02/1996 ............. ..........9,914,999 ..............52,547 .............52,547 ........(41,646) ..................... ..................... ................. ..................... ................... ..................... ..........12.7<br />
000000 00 0 3950 House Investments Midwest Corporate ....... Tax Indianapolis........ Credit Fund II LP IN... House Investments Credit Associates LLC ......... 07/01/1997 ............. ..........5,000,000 ..............44,998 .............44,998 ......(620,796) ..................... ..................... ................. ..................... ................... ..................... ..........13.9<br />
000000 00 0 4085 First Partners Corporate LP IV........ ....... Boston................ MA.. First Partners Group Inc........................... ......... 11/15/1998 ............. ..........9,504,466 ............955,382 ...........955,382 ......(878,088) ..................... ..................... ................. ..................... ................... ..................... ..........23.3<br />
000000 00 0 4100 Lehman Housing Tax Credit Fund VII ....... LP New York............ NY.. LHCI GP VII Inc........................................ ......... 12/17/1998 ............. ..........9,996,916 ............248,918 ...........248,918 ......(716,784) ..................... ..................... ................. ..................... ................... ..................... ..........12.5<br />
000000 00 0 4395 MMA <strong>Financial</strong> Institutional Tax Credits ....... XXIII Boston................ LP<br />
MA.. MMA <strong>Financial</strong> LLC.................................. ......... 01/28/2002 ............. ........10,000,000 .........3,617,004 ........3,617,004 ......(969,996) ..................... ..................... ................. ..................... ................... ..................... ............9.2<br />
000000 00 0 5230 Equity Fund of Nebraska VI LP....... ....... Omaha................ NE.. Equity Fund of Nebraska Inc.................... ......... 05/08/1998 ............. .............980,331 ............666,663 ...........666,663 ......(313,668) ..................... ..................... ................. ..................... ................... .........19,669 ............6.3<br />
000000 00 0 5235 LLSCF Housing Ltd......................... ....... Omaha................ NE.. <strong>Lincoln</strong>/Lancaster Senior Ctrs Foundation ......... 01/01/1994 ............. .............371,980 ............270,532 ...........270,532 ......(101,448) ..................... ..................... ................. ..................... ................... ..................... ..........19.8<br />
000000 00 0 5240 Nebraska Affordable Housing Fund 1993 ....... LPOmaha................ NE.. Equity Fund of Nebraska Inc.................... ......... 12/01/1993 ............. .............245,395 ............178,471 ...........178,471 ........(66,924) ..................... ..................... ................. ..................... ................... ..................... ............5.2<br />
000000 00 0 5245 Nebraska Affordable Housing Fund 1994 ....... LPOmaha................ NE.. Equity Fund of Nebraska Inc.................... ......... 08/17/1994 ............. .............500,000 ............363,632 ...........363,632 ......(136,368) ..................... ..................... ................. ..................... ................... ..................... ..........15.2<br />
000000 00 0 5250 Nebraska Affordable Housing Fund 1995 ....... LPOmaha................ NE.. Equity Fund of Nebraska Inc.................... ......... 03/20/1996 ............. .............488,597 ............355,343 ...........355,343 ......(133,254) ..................... ..................... ................. ..................... ................... ..................... ............9.5<br />
000000 00 0 5255 Nebraska Affordable Housing Fund 1996 ....... LPOmaha................ NE.. Equity Fund of Nebraska Inc.................... ......... 11/27/1996 ............. .............495,417 ............358,644 ...........358,644 ......(136,773) ..................... ..................... ................. ..................... ................... ..................... ............7.1<br />
000000 00 0 5260 Nebraska Affordable Housing Fund 1997 ....... LPOmaha................ NE.. Equity Fund of Nebraska Inc.................... ......... 05/30/1997 ............. .............500,000 ............347,405 ...........347,405 ......(152,595) ..................... ..................... ................. ..................... ................... ..................... ............8.3<br />
3199999. Total - Non-Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated...................................................................................................................... ........56,498,101 .........7,459,539 ........7,459,539 ...(4,268,340) ..................0 ..................0 ..............0 ..................0 ................0 .........19,669 ....XXX.......<br />
State Low Income Housing Tax Credit - Unaffiliated<br />
000000 00 0 5180 TCF JP/GA LLC.............................. ....... Charlotte............. NC.. Wachovia Affordable Housing Corp......... ......... 06/18/2004 ............. ..........3,221,618 .........3,147,307 ........2,898,653 .......275,369 ..................... ..................... ................. ..................... ................... ..................... ........100.0<br />
3399999. Total - State Low Income Housing Tax Credit - Unaffiliated................................. .................................................................................................................. ..........3,221,618 .........3,147,307 ........2,898,653 .......275,369 ..................0 ..................0 ..............0 ..................0 ................0 ..................0 ....XXX.......<br />
Any Other Class of Asset - Unaffiliated<br />
000000 00 0 5265 Common Wealth Oil Refining.......... ....... San Antonio........ TX.. Citibank.................................................... ......... 12/31/1998 ............. .............106,000 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
000000 00 0 5270 Beneficial Standard Liquidating Trust....... Detroit................. MI... Oppenheimber and Co............................. ......... 12/31/1985 ............. .................7,173 .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
92831R 13 6 Vikase, 875 warrants, exp 2/15/05........... ....... ........................... ....... Direct from Issuer..................................... ......... 12/31/2005 ............. ........................... .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
89816T 10 3 Trump Entmet Resort, 2877 warrants, exp 5/20/05........................... ....... Direct from Issuer..................................... ......... 12/31/2005 ............. ........................... .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
729136 11 9 Dayton Superior, 655 warrants, exp 6/15/09....... ........................... ....... Direct from Issuer..................................... ......... 08/08/2003 ............. ........................... .......................... ......................... ..................... ..................... ..................... ................. ..................... ................... ..................... ..................<br />
3799999. Total - Any Other Class of Asset - Unaffiliated...................................................... .................................................................................................................. .............113,173 .......................0 ......................0 ..................0 ..................0 ..................0 ..............0 ..................0 ................0 ..................0 ....XXX.......<br />
3999999. Subtotal - Unaffiliated............................................................................................ .................................................................................................................. ......983,558,510 ..1,040,395,517 .1,050,473,122 .(67,255,341) ........(45,039) ..................0 ..............0 ...(4,102,861) 80,031,229 437,997,862 ....XXX.......<br />
4099999. Subtotal - Affiliated................................................................................................ .................................................................................................................. ......267,900,915 .......................0 ......................0 ..................0 ..................0 ..................0 ..............0 ..................0 ................0 ..................0 ....XXX.......<br />
4199999. Totals..................................................................................................................... .................................................................................................................. ...1,251,459,425 ..1,040,395,517 .1,050,473,122 .(67,255,341) ........(45,039) ..................0 ..............0 ...(4,102,861) 80,031,229 437,997,862 ....XXX.......
E08<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 2<br />
Showing Other Long-Term Invested Assets ACQUIRED December 31 of Current Year<br />
1 2 Location 5 6 7 8 9 10 11<br />
3 4 Date Type Actual Cost Additional<br />
CUSIP Name of Vendor Originally and at Time of Investment Made Amount of Percentage of<br />
Identification Name or Description City State or General Partner Acquired Strategy Acquisition After Acquisition Encumbrances Ownership<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Bonds - Unaffiliated<br />
29335# AA 9 5500 Enhanced Capital Texas CAPCO Note, Series 2008....... New Orleans...................................... LA......... Enhanced Capital Texas Fund II LLC.............................. 01/25/2008.... .................... .........................4,106,595 ........................................... ........................................... ..........................<br />
29335* AA 3 5525 Enahnced Capital Alabama CAPCO Note, Series 2008.. New Orleans...................................... LA......... Enhanced Capital Alabama Fund II LLC......................... 04/15/2008.... .................... .........................3,285,889 ........................................... ........................................... ..........................<br />
0799999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Bonds - Unaffiliated..................................................................................................................................... .........................7,392,484 ........................................0 ........................................0 ....XXX...............<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Fixed Income - Unaffiliated<br />
000000 00 0 4730 Legg Mason Real Estate Capital III Inc............................. Los Angeles....................................... CA......... .......................................................................................... 07/02/2005.... .................2 ........................................... .........................5,000,000 ........................................... ....................5.7<br />
1399999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Fixed Income - Unaffiliated................................................................................................................................... ........................................0 .........................5,000,000 ........................................0 ....XXX...............<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Common Stocks - Unaffiliated<br />
000000 00 0 4005 Olympus Growth Fund III LP............................................. Stamford............................................ CT......... .......................................................................................... 07/30/1998.... .................3 ........................................... ................................1,252 ........................................... ....................0.8<br />
000000 00 0 4275 Trimaran Fund II................................................................ New York........................................... NY......... .......................................................................................... 06/27/2000.... .................3 ........................................... ............................985,589 ........................................... ....................4.1<br />
000000 00 0 4605 Century Park Capital Partners II LP.................................. Dover.................................................. DE......... .......................................................................................... 01/14/2005.... .................3 ........................................... .........................1,673,448 ........................................... ....................3.6<br />
000000 00 0 4620 CSFB Strategic Partners III LP.......................................... New York........................................... NY......... .......................................................................................... 08/01/2005.... .................... ........................................... .........................2,424,480 ........................................... ....................1.8<br />
000000 00 0 4645 Versa Capital Fund I LP.................................................... Wayne................................................ PA......... .......................................................................................... 04/14/2005.... .................... ........................................... .........................2,700,000 ........................................... ....................4.3<br />
000000 00 0 4650 Lehman Brothers Merchant Banking Partners III LP........ New York........................................... NY......... .......................................................................................... 04/18/2005.... .................3 ........................................... ............................549,267 ........................................... ....................1.6<br />
000000 00 0 4665 Kenner Equities IV LP....................................................... New York........................................... NY......... .......................................................................................... 08/25/2005.... .................3 ........................................... .........................9,931,213 ........................................... ..................11.2<br />
000000 00 0 4680 United States Power Fund II LP........................................ Needham........................................... MA........ .......................................................................................... 11/23/2005.... .................3 ........................................... ........................................1 ........................................... ....................2.0<br />
000000 00 0 4690 Tenaska Power Fund LP................................................... Wilmington......................................... DE......... .......................................................................................... 07/01/2005.... .................3 ........................................... ............................544,795 ........................................... ....................1.8<br />
000000 00 0 4695 LS Power Equity Partners LP............................................ New York........................................... NY......... .......................................................................................... 06/24/2005.... .................3 ........................................... .........................3,459,235 ........................................... ....................1.4<br />
000000 00 0 4715 Lehman Brothers Secondary Opportunities Fund LP....... New York........................................... NY......... .......................................................................................... 12/13/2005.... .................... ........................................... .........................4,312,500 ........................................... ....................4.1<br />
000000 00 0 4725 Calvert Street Capital Partners III LP................................ Baltimore............................................ MD........ .......................................................................................... 08/19/2005.... .................3 ........................................... ............................750,000 ........................................... ....................4.4<br />
000000 00 0 4780 Edgewater Capital Partners II LP...................................... Chagrin Falls...................................... OH........ .......................................................................................... 01/08/2007.... .................3 ........................................... ............................648,800 ........................................... ..................33.5<br />
000000 00 0 4785 BIA Digital Partners II LP................................................... Chantilly............................................. VA......... .......................................................................................... 04/04/2006.... .................2 ........................................... .........................1,228,235 ........................................... ..................24.9<br />
000000 00 0 4790 Edison Venture Fund VI LP............................................... Lawrenceville..................................... NJ......... .......................................................................................... 09/12/2006.... .................1 ........................................... .........................4,000,000 ........................................... ....................3.9<br />
000000 00 0 4840 Avista Capital Partners LP................................................. New York........................................... NY......... .......................................................................................... 04/27/2006.... .................3 ........................................... .......................10,664,292 ........................................... ....................3.9<br />
000000 00 0 4850 Wedbush Capital Partners LP........................................... Los Angeles....................................... CA......... .......................................................................................... 06/16/2006.... .................3 ........................................... ............................750,000 ........................................... ....................8.3<br />
000000 00 0 4860 Lehman Brothers Co-Investment Partners LP.................. New York........................................... NY......... .......................................................................................... 09/28/2006.... .................1 ........................................... .........................3,306,487 ........................................... ....................2.5<br />
000000 00 0 4875 Marwit Capital Partners II LP............................................. Newport Beach.................................. CA......... .......................................................................................... 07/03/2006.... .................3 ........................................... .........................2,891,303 ........................................... ....................5.4<br />
000000 00 0 4880 MHR Institutional Partners III LP....................................... New York........................................... NY......... .......................................................................................... 10/02/2006.... .................... ........................................... .........................5,500,000 ........................................... ....................0.7<br />
000000 00 0 5155 Spring Capital Partnes II LP.............................................. Baltimore............................................ MD........ .......................................................................................... 10/16/2006.... .................2 ........................................... .........................1,250,000 ........................................... ..................13.2<br />
000000 00 0 5295 WOF LLC I......................................................................... Wayzata............................................. MN........ .......................................................................................... 08/14/2006.... .................... ........................................... ............................720,000 ........................................... ....................3.3<br />
000000 00 0 5300 LBC Credit Partners LP..................................................... Philadelphia....................................... PA......... .......................................................................................... 08/29/2006.... .................2 ........................................... .........................1,300,000 ........................................... ....................6.4<br />
000000 00 0 5360 Zais Matrix V-B LP............................................................. Red Bank........................................... NJ......... .......................................................................................... 11/17/2006.... .................2 ........................................... .........................6,263,760 ........................................... ..................21.6<br />
000000 00 0 5365 LS Power Equity Partners II LP......................................... New York........................................... NY......... .......................................................................................... 02/02/2007.... .................3 ........................................... .........................3,495,619 ........................................... ....................1.1<br />
000000 00 0 5380 Lehman Brothers Merchant Banking Partners IVLP......... New York........................................... NY......... .......................................................................................... 10/22/2007.... .................3 ........................................... .........................4,678,955 ........................................... ....................0.7<br />
000000 00 0 5385 Greenpark International Investors III................................. Guernsey........................................... .............. .......................................................................................... 04/26/2007.... .................... ........................................... .........................9,131,514 ........................................... ....................2.1<br />
000000 00 0 5390 United States Power Fund III LP....................................... Needham........................................... MA........ .......................................................................................... 06/28/2007.... .................3 ........................................... .........................2,224,822 ........................................... ....................1.1<br />
000000 00 0 5395 Excellere Capital Fund LP................................................. Denver................................................ CO........ .......................................................................................... 03/27/2007.... .................3 ........................................... .........................2,328,895 ........................................... ....................3.8<br />
000000 00 0 5405 Praesidian Capital Investors II LP..................................... New York........................................... NY......... .......................................................................................... 07/02/2007.... .................2 ........................................... .........................1,500,000 ........................................... ....................6.7<br />
000000 00 0 5420 <strong>The</strong> Resolute Fund II LP.................................................... New York........................................... NY......... .......................................................................................... 07/26/2007.... .................3 ........................................... .........................2,193,036 ........................................... ....................0.9<br />
000000 00 0 5440 HarbourVest Partners 2007 Direct Fund LP..................... Boston................................................ MA........ .......................................................................................... 09/26/2007.... .................3 ........................................... .........................2,700,000 ........................................... ....................4.3<br />
000000 00 0 5470 Wayzata Opportunities Fund II LP.................................... Wayzata............................................. MN........ .......................................................................................... 09/27/2007.... .................... ........................................... .......................17,250,000 ........................................... ....................1.2<br />
000000 00 0 5485 Lehman Brothers Secondary Opportunities Fund II LP.... New York........................................... NY......... Lehman Brothers Secondary Opportunities Associates II LP 05/22/2008.... .................... ............................625,521 .........................1,871,583 ........................................... ....................2.0<br />
000000 00 0 5490 Regiment Capital Special Situations IV LP....................... Boston................................................ MA........ Regiment Capital IV GP LP.............................................. 03/10/2008.... .................... ............................585,860 .........................3,953,597 ........................................... ....................2.4<br />
000000 00 0 5505 Versa Capital Fund II LP................................................... Wayne................................................ PA......... Versa FGP-II LP............................................................... 04/04/2008.... .................... ............................150,000 ............................450,000 ........................................... ....................1.7<br />
000000 00 0 5515 GEM Realty Securities LP................................................. Chicago.............................................. IL........... GEM Realty Advisors LLC................................................ 02/29/2008.... .................5 .......................10,000,000 ........................................... ........................................... ....................1.2<br />
1599999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Common Stocks - Unaffiliated.................................................................................................................................. .......................11,361,381 .....................117,632,677 ........................................0 ....XXX...............<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Real Estate - Unaffiliated<br />
000000 00 0 4600 Genesis Workforce Housing Fund LLC............................. Los Angeles....................................... CA......... .......................................................................................... 11/15/2004.... .................... ........................................... .........................2,338,143 ........................................... ....................9.7<br />
000000 00 0 4670 Lehman Brothers Real Estate Mezzanine LP................... New York........................................... NY......... .......................................................................................... 09/26/2005.... .................2 ........................................... .........................5,000,000 ........................................... ....................2.3<br />
000000 00 0 4760 RockBridge Real Estate Fund III LLC............................... Columbus........................................... OH........ .......................................................................................... 06/12/2006.... .................2 ........................................... .......................14,333,333 ........................................... ..................13.3<br />
000000 00 0 4810 California Urban Housing Fund LLC................................. Los Angeles....................................... CA......... .......................................................................................... 03/02/2006.... .................2 ........................................... .........................6,395,200 ........................................... ..................27.6<br />
000000 00 0 4825 Grosvenor Residentail INvestment Partners I LP............. Philadelphia....................................... PA......... .......................................................................................... 04/27/2007.... .................... ........................................... ............................950,000 ........................................... ..................20.0<br />
000000 00 0 4865 Apollo Real Estate Finance Corporation........................... Purchase............................................ NY......... .......................................................................................... 12/21/2006.... .................... ........................................... .........................4,022,000 ........................................... ....................3.2<br />
000000 00 0 5310 Blue Vista Sponsor Equity Fund II LLC............................. Chicago.............................................. IL........... .......................................................................................... 10/02/2006.... .................... ........................................... .........................5,469,431 ........................................... ....................8.3
E08.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 2<br />
Showing Other Long-Term Invested Assets ACQUIRED December 31 of Current Year<br />
1 2 Location 5 6 7 8 9 10 11<br />
3 4 Date Type Actual Cost Additional<br />
CUSIP Name of Vendor Originally and at Time of Investment Made Amount of Percentage of<br />
Identification Name or Description City State or General Partner Acquired Strategy Acquisition After Acquisition Encumbrances Ownership<br />
000000 00 0 5315 Metropolitan Workforce Housing Fund LLC...................... New York........................................... NY......... .......................................................................................... 12/15/2006.... .................... ........................................... .........................2,314,409 ........................................... ....................8.6<br />
1799999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Real Estate - Unaffiliated.................................................................................................................................... ........................................0 .......................40,822,516 ........................................0 ....XXX...............<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Unaffiliated<br />
000000 00 0 4380 Encap Energy Capital Fund IV LP.................................... Houston.............................................. TX......... .......................................................................................... 12/20/2001.... .................... ........................................... ............................241,450 ........................................... ....................7.0<br />
000000 00 0 4545 Energy Spectrum Partners IV LP...................................... Dallas................................................. TX......... .......................................................................................... 06/03/2004.... .................... ........................................... ............................991,245 ........................................... ....................2.8<br />
000000 00 0 4565 Encap Energy Capital Fund V LP..................................... Houston.............................................. TX......... .......................................................................................... 08/18/2004.... .................... ........................................... .........................4,243,841 ........................................... ....................6.5<br />
000000 00 0 4750 JOG Capital Fund III LP.................................................... Canada.............................................. .............. .......................................................................................... 09/06/2005.... .................... ........................................... .........................1,473,849 ........................................... ..................12.5<br />
000000 00 0 4770 Natural Gas Partners VIII LP............................................. Irving.................................................. TX......... .......................................................................................... 11/30/2005.... .................... ........................................... .........................1,547,174 ........................................... ....................0.9<br />
000000 00 0 4820 Encap Energy Capital Fund VI LP.................................... Houston.............................................. TX......... .......................................................................................... 07/17/2006.... .................... ........................................... .........................9,137,075 ........................................... ....................4.1<br />
000000 00 0 5340 Celero Energy <strong>Company</strong> LP.............................................. Fort Worth.......................................... TX......... .......................................................................................... 11/15/2006.... .................... ........................................... ............................949,481 ........................................... ....................1.0<br />
000000 00 0 5410 Energy Spectrum Partners V LP....................................... Dallas................................................. TX......... .......................................................................................... 06/20/2007.... .................... ........................................... .........................7,189,992 ........................................... ....................4.1<br />
000000 00 0 5435 Cordillera Energy Partners III LLC.................................... Greenwood Village............................ CO........ .......................................................................................... 07/02/2007.... .................... ........................................... .........................1,224,041 ........................................... ....................2.0<br />
000000 00 0 5450 Encap Energy Capital Fund VII LP................................... Houston.............................................. TX......... .......................................................................................... 09/17/2007.... .................... ........................................... .........................4,704,978 ........................................... ....................1.2<br />
000000 00 0 5475 Natural Gas Partnes IX LP................................................ Irving.................................................. TX......... .......................................................................................... 10/22/2007.... .................... ........................................... .........................3,386,371 ........................................... ....................0.8<br />
000000 00 0 5510 Riverstone/Carlyle Global Energy & Power Fund IV LP... New York........................................... NY......... Riverstone/Carlyle Energy Partners IV LLC..................... 03/03/2008.... .................... ............................118,049 .........................3,796,745 ........................................... ....................0.3<br />
1999999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Unaffiliated.......................................................................................................................................... ............................118,049 .......................38,886,242 ........................................0 ....XXX...............<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Affiliated<br />
<strong>Lincoln</strong> <strong>National</strong> <strong>Financial</strong> Holdings, LLC................................... ........................................................... .............. .......................................................................................... 07/13/2007.... .................... ........................................... .......................25,000,000 ........................................... ................100.0<br />
2099999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Affiliated............................................................................................................................................ ........................................0 .......................25,000,000 ........................................0 ....XXX...............<br />
Surplus Debentures - Unaffiliated<br />
309588 AC 5 Farmers <strong>Insurance</strong> Exchange..................................................... ........................................................... .............. Transfer from Schedule D................................................ 04/12/2006.... .................... .........................8,866,630 ........................................... ........................................... ..........................<br />
309601 AA 0 Farmers <strong>Insurance</strong> Exchange..................................................... ........................................................... .............. Transfer from Schedule D................................................ 04/12/2006.... .................... .......................13,536,422 ........................................... ........................................... ..........................<br />
2199999. Total - Surplus Debentures - Unaffiliated................................................................................................................................. .......................................................................................................................................... .......................22,403,051 ........................................0 ........................................0 ....XXX...............<br />
Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated<br />
000000 00 0 5160 Ambac Tax Credit Fund SHS 2003-2B LLC..................... New York........................................... NY......... .......................................................................................... 12/31/2003.... .................... ........................................... ...........................(431,100) ........................................... ................100.0<br />
000000 00 0 5165 Nationwide Tax Credit Partners 2004-A LLC.................... Columbus........................................... OH........ .......................................................................................... 02/12/2004.... .................... ........................................... ............................218,000 ........................................... ................100.0<br />
000000 00 0 5175 TCF JP/F LLC.................................................................... Charlotte............................................ NC......... .......................................................................................... 06/18/2004.... .................... ........................................... .........................1,261,425 ........................................... ................100.0<br />
000000 00 0 5195 Nationwide Tax Credit Partners 2005-A LLC.................... Columbus........................................... OH........ .......................................................................................... 03/14/2005.... .................... ........................................... ............................255,500 ........................................... ................100.0<br />
2999999. Total - Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated.............................................................................................................................................................................. ........................................0 .........................1,303,825 ........................................0 ....XXX...............<br />
Non-Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated<br />
000000 00 0 5230 Equity Fund of Nebraska VI LP......................................... Omaha............................................... NE......... .......................................................................................... 05/08/1998.... .................... ........................................... ..............................33,531 ........................................... ....................6.3<br />
3199999. Total - Non-Guaranteed Federal Low Income Housing Tax Credit - Unaffiliated.......................................................................................................................................................................... ........................................0 ..............................33,531 ........................................0 ....XXX...............<br />
State Low Income Housing Tax Credit - Unaffiliated<br />
000000 00 0 5180 TCF JP/GA LLC................................................................. Charlotte............................................ NC......... .......................................................................................... 06/18/2004.... .................... ........................................... ...........................(256,344) ........................................... ................100.0<br />
3399999. Total - State Low Income Housing Tax Credit - Unaffiliated.................................................................................................... .......................................................................................................................................... ........................................0 ...........................(256,344) ........................................0 ....XXX...............<br />
3999999. Subtotal - Unaffiliated................................................................................................................................................................ .......................................................................................................................................... .......................41,274,965 .....................203,422,448 ........................................0 ....XXX...............<br />
4099999. Subtotal - Affiliated.................................................................................................................................................................... .......................................................................................................................................... ........................................0 .......................25,000,000 ........................................0 ....XXX...............<br />
4199999. Totals......................................................................................................................................................................................... .......................................................................................................................................... .......................41,274,965 .....................228,422,448 ........................................0 ....XXX...............
E09<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 3<br />
Showing Other Long-Term Invested Assets DISPOSED, Tranferred or Repaid During the Current Year<br />
1 2 Location 5 6 7 8 Change in Book/Adjusted Carrying Value 15 16 17 18 19 20<br />
3 4 9 10 11 12 13 14<br />
Book/Adjusted Current Year's Current Year's Total Book/Adjusted<br />
Carrying Value Unrealized (Depreciation) Other Than Capitalized Total Foreign Carrying Value Foreign<br />
Date Less Valuation or Temporary Deferred Change in Exchange Less Exchange Realized Total<br />
CUSIP Name or Name of Purchaser or Originally Disposal Encumbrances, Increase (Amortization)/ Impairment Interest B./A.C.V. Change in Encumbrances Gain (Loss) Gain (Loss) Gain (Loss) Investment<br />
Identification Description City State Nature of Disposal Acquired Date Prior Year (Decrease) Accretion Recognized and Other (9+10-11+12) B./A.C.V on Disposal Consideration on Disposal on Disposal on Disposal Income<br />
Oil and Gas Production Payments - Unaffiliated<br />
Prior Year Sales............................................... .................................. ........ ....................................................... .................... ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............24,200 ...................... ..........24,200 ..........24,200 ..................274<br />
0199999. Total - Oil and Gas Production Payments - Unaffiliated................................................. ..................................................................................................... ........................0 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 .............24,200 ...................0 ..........24,200 ..........24,200 ..................274<br />
Transportation Equipment - Unaffiliated<br />
000000 00 0 Southwest Airlines Leveraged Leases............ Various...................... ........ Scheduled Payment...................... 10/01/1991.. 09/26/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,072,122 ...................... ...................... ...................0 .........................<br />
0399999. Total - Transportation Equipment - Unaffiliated.............................................................. ..................................................................................................... ........................0 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 ........1,072,122 ...................0 ...................0 ...................0 ......................0<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Bonds - Unaffiliated<br />
29333# AA 1 4515 Louisiana CAPCO Note, Series 2003..... New Orleans............. LA... Scheduled Payment...................... 10/16/2003.. 10/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............31,510 ...................... ...................... ...................0 .........................<br />
29333* AA 5 4530 Alabama CAPCO Note, Series 2004...... Montgomery.............. AL... Scheduled Payment...................... 02/04/2004.. 02/28/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........159,363 ...................... ...................... ...................0 .........................<br />
29333@ AA 3 4720 Enhanced Capital Texas CAPCO Note, Series New Orleans............. 2005<br />
LA... Scheduled Payment...................... 06/20/2005.. 12/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........165,238 ...................... ...................... ...................0 .........................<br />
29335# AA 9 5500 Enhanced Capital Texas CAPCO Note, Series New Orleans............. 2008<br />
LA... Scheduled Payment...................... 01/25/2008.. 07/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........200,859 ...................... ...................... ...................0 .........................<br />
29335* AA 3 5525 Enahnced Capital Alabama CAPCO Note, New Series Orleans............. 2008 LA... Scheduled Payment...................... 04/15/2008.. 10/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........188,943 ...................... ...................... ...................0 .........................<br />
0799999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Bonds - Unaffiliated............................................................. ........................0 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 ...........745,913 ...................0 ...................0 ...................0 ......................0<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Mortgage Loans - Unaffiliated<br />
000000 00 0 5225 Holy Name Housing Corp Mtg Loan Pool Omaha...................... NE... Scheduled Payment...................... 01/01/1986.. 04/15/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ..................124 ...................... ...................... ...................0 .........................<br />
0999999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Mortgage Loans - Unaffiliated............................................. ........................0 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 ..................124 ...................0 ...................0 ...................0 ......................0<br />
Fixed or Variable Interest Rate Investments That Have Underlying Characteristics of Other Fixed Income Instruments - Unaffiliated<br />
000000 00 0 5220 GE Small Business Finance Corp SBA.. St Louis..................... MO.. Scheduled Payment...................... 01/01/1985.. 12/09/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............38,004 ...................... ...................... ...................0 .........................<br />
1199999. Total - Fixed or Variable Interest Rate Investments That Have Underlying Char. of Other Fixed Income Instr. - Unaffiliated.............................................. ........................0 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 .............38,004 ...................0 ...................0 ...................0 ......................0<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Common Stocks - Unaffiliated<br />
000000 00 0 1445 Hanifen Imhoff Mezzanine Fund............. Denver...................... CO.. Direct from LP............................... 06/21/1994.. 01/03/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........859,993 ...................... ...................... ...................0 .........................<br />
000000 00 0 1470 <strong>Insurance</strong> Partners LP............................ Fort Worth................. TX... Partnership Terminated................. 02/03/1994.. 06/30/2008.. .............279,177 ......(138,377) ......................... ......................... ...................... ......(138,377) ...................... ............................ ...........140,800 ...................... ...................... ...................0 ......(2,854,357)<br />
000000 00 0 3725 India Private Equity Fund LP.................. Cayman Islands........ ........ Direct from LP............................... 02/15/1996.. 03/05/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........705,476 ...................... ...................... ...................0 .........................<br />
000000 00 0 3855 CID Equity Capital V LP.......................... Indianapolis............... IN.... Direct from LP............................... 08/15/1996.. 10/07/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............47,925 ...................... ...................... ...................0 .........................<br />
000000 00 0 3980 Kenner Equities II LP.............................. New York.................. NY... Partnership Terminated................. 03/03/1998.. 05/01/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......................... ...................... ...................... ...................0 .........................<br />
000000 00 0 4005 Olympus Growth Fund III LP.................. Stamford................... CT... Direct from LP............................... 07/30/1998.. 04/10/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...............3,351 ...................... ...................... ...................0 .........................<br />
000000 00 0 4035 Edgewater Capital LP............................. Chagrin Falls............. OH.. Partnership Terminated................. 12/15/1998.. 04/01/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......................... ...................... ...................... ...................0 .........................<br />
000000 00 0 4040 INNOVA/98 LP........................................ Washington............... DC.. Partnership Terminated................. 06/26/1998.. 12/22/2008.. .............332,944 ...........7,599 ......................... ......................... ...................... ...........7,599 ...................... ............................ ...........340,543 ...................... ...................... ...................0 .............56,941<br />
000000 00 0 4050 ChinaVest V LP....................................... Hong Kong................ ........ Direct from LP............................... 09/05/1998.. 03/19/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............26,068 ...................... ...................... ...................0 .........................<br />
000000 00 0 4240 Palladin Partners I LP............................. Maplewood............... NJ... Partnership Terminated................. 01/05/2000.. 08/20/2008.. .............393,790 .........73,640 ......................... ......................... ...................... .........73,640 ...................... ............................ ...........467,430 ...................... ...................... ...................0 ...........563,321<br />
000000 00 0 4275 Trimaran Fund II..................................... New York.................. NY... Direct from LP............................... 06/27/2000.. 02/12/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............56,176 ...................... ...................... ...................0 .........................<br />
000000 00 0 4300 Gracie Capital LP.................................... New York.................. NY... Direct from LP............................... 07/03/2000.. 12/29/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......17,483,331 ...................... ...................... ...................0 .........................<br />
000000 00 0 4305 BDCM Partners I LP............................... Lake Forest............... IL..... Direct from LP............................... 07/06/2000.. 07/28/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......10,000,000 ...................... ...................... ...................0 .........................<br />
000000 00 0 4360 AG Edwards Private Equity Partners QP II St. LPLouis.................... MO.. Direct from LP............................... 06/04/2001.. 07/18/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ....................69 ...................... ...................... ...................0 .........................<br />
000000 00 0 4405 BIA Digital Partners LP........................... Chantilly.................... VA... Direct from LP............................... 05/21/2002.. 08/14/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........2,468,018 ...................... ...................... ...................0 .........................<br />
000000 00 0 4435 B IV Capital Partners LP......................... Wellesley.................. MA.. Direct from LP............................... 02/07/2003.. 12/29/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........490,089 ...................... ...................... ...................0 .........................<br />
000000 00 0 4440 BHC Interim Funding II LP...................... Stamford................... CT... Direct from LP............................... 03/07/2003.. 12/11/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,299,138 ...................... ...................... ...................0 .........................<br />
000000 00 0 4505 Greywolf Capital Partners II LP.............. Greenwich................. CT... Direct from LP............................... 09/02/2003.. 10/06/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......11,864,468 ...................... ...................... ...................0 .........................<br />
000000 00 0 4570 Kenner Growth Partners SIE LP............. New York.................. NY... Direct from LP............................... 06/01/2004.. 11/20/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........176,319 ...................... ...................... ...................0 .........................<br />
000000 00 0 4605 Century Park Capital Partners II LP....... Dover........................ DE... Direct from LP............................... 01/14/2005.. 06/11/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........564,558 ...................... ...................... ...................0 .........................<br />
000000 00 0 4615 Praesidian Capital Investors LP............. New York.................. NY... Direct from LP............................... 12/29/2004.. 11/19/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,332,950 ...................... ...................... ...................0 .........................<br />
000000 00 0 4620 CSFB Strategic Partners III LP............... New York.................. NY... Direct from LP............................... 08/01/2005.. 12/11/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........3,933,690 ...................... ...................... ...................0 .........................<br />
000000 00 0 4645 Versa Capital Fund I LP.......................... Wayne....................... PA... Direct from LP............................... 04/14/2005.. 09/19/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........816,365 ...................... ...................... ...................0 .........................<br />
000000 00 0 4650 Lehman Brothers Merchant Banking Partners New III York.................. LP<br />
NY... Direct from LP............................... 04/18/2005.. 12/18/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........736,915 ...................... ...................... ...................0 .........................<br />
000000 00 0 4660 Citadel Wellington LLC........................... Chicago..................... IL..... Withdrew from partnership............ 03/01/2005.. 02/05/2008.. ........35,437,082 ....1,882,414 ......................... ......................... ...................... ....1,882,414 ...................... ............................ ......37,319,496 ...................... ...................... ...................0 ......12,390,662<br />
000000 00 0 4680 United States Power Fund II LP............. Needham.................. MA.. Direct from LP............................... 11/23/2005.. 12/31/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,047,427 ...................... ...................... ...................0 .........................<br />
000000 00 0 4690 Tenaska Power Fund LP........................ Wilmington................ DE... Direct from LP............................... 07/01/2005.. 08/29/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......12,737,182 ...................... ...................... ...................0 .........................<br />
000000 00 0 4695 LS Power Equity Partners LP................. New York.................. NY... Direct from LP............................... 06/24/2005.. 08/20/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........2,333,207 ...................... ...................... ...................0 .........................<br />
000000 00 0 4700 Ellington Mortgage Partners LP.............. Old Greenwich.......... CT... Direct from LP............................... 06/01/2005.. 09/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........8,567,757 ...................... ...................... ...................0 .........................<br />
000000 00 0 4715 Lehman Brothers Secondary Opportunities New Fund York.................. LP<br />
NY... Direct from LP............................... 12/13/2005.. 11/21/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,975,143 ...................... ...................... ...................0 .........................<br />
000000 00 0 4815 Wayzata Opportunities Fund LLC........... Wayzata.................... MN.. Direct from LP............................... 02/17/2006.. 07/09/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........150,000 ...................... ...................... ...................0 .........................
E09.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE BA - PART 3<br />
Showing Other Long-Term Invested Assets DISPOSED, Tranferred or Repaid During the Current Year<br />
1 2 Location 5 6 7 8 Change in Book/Adjusted Carrying Value 15 16 17 18 19 20<br />
3 4 9 10 11 12 13 14<br />
Book/Adjusted Current Year's Current Year's Total Book/Adjusted<br />
Carrying Value Unrealized (Depreciation) Other Than Capitalized Total Foreign Carrying Value Foreign<br />
Date Less Valuation or Temporary Deferred Change in Exchange Less Exchange Realized Total<br />
CUSIP Name or Name of Purchaser or Originally Disposal Encumbrances, Increase (Amortization)/ Impairment Interest B./A.C.V. Change in Encumbrances Gain (Loss) Gain (Loss) Gain (Loss) Investment<br />
Identification Description City State Nature of Disposal Acquired Date Prior Year (Decrease) Accretion Recognized and Other (9+10-11+12) B./A.C.V on Disposal Consideration on Disposal on Disposal on Disposal Income<br />
000000 00 0 4840 Avista Capital Partners LP...................... New York.................. NY... Direct from LP............................... 04/27/2006.. 04/11/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........839,613 ...................... ...................... ...................0 .........................<br />
000000 00 0 4850 Wedbush Capital Partners LP................ Los Angeles.............. CA... Direct from LP............................... 06/16/2006.. 09/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........723,585 ...................... ...................... ...................0 .........................<br />
000000 00 0 4860 Lehman Brothers Co-Investment Partners New LP York.................. NY... Direct from LP............................... 09/28/2006.. 05/09/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,188,424 ...................... ...................... ...................0 .........................<br />
000000 00 0 4870 Amaranth Partners LLC.......................... Greenwich................. CT... Direct from LP............................... 06/01/2006.. 05/02/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........246,235 ...................... ...................... ...................0 .........................<br />
000000 00 0 5215 TCW/Crescent Mezzanine Partnership III LP Los Angeles.............. CA... Direct from LP............................... 03/07/2001.. 06/25/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........147,377 ...................... ...................... ...................0 .........................<br />
000000 00 0 5300 LBC Credit Partners LP.......................... Philadelphia.............. PA... Direct from LP............................... 08/29/2006.. 12/31/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........3,072,110 ...................... ...................... ...................0 .........................<br />
000000 00 0 5360 Zais Matrix V-B LP.................................. Red Bank.................. NJ... Direct from LP............................... 11/17/2006.. 12/23/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........2,618,674 ...................... ...................... ...................0 .........................<br />
000000 00 0 5365 LS Power Equity Partners II LP.............. New York.................. NY... Direct from LP............................... 02/02/2007.. 11/10/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,960,884 ...................... ...................... ...................0 .........................<br />
000000 00 0 5385 Greenpark International Investors III...... Guernsey.................. ........ Direct from LP............................... 04/26/2007.. 12/16/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........881,730 ...................... ...................... ...................0 .........................<br />
000000 00 0 5390 United States Power Fund III LP............ Needham.................. MA.. Direct from LP............................... 06/28/2007.. 12/23/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........939,215 ...................... ...................... ...................0 .........................<br />
000000 00 0 5405 Praesidian Capital Investors II LP.......... New York.................. NY... Direct from LP............................... 07/02/2007.. 09/05/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........204,802 ...................... ...................... ...................0 .........................<br />
000000 00 0 5490 Regiment Capital Special Situations IV LPBoston....................... MA.. Direct from LP............................... 03/10/2008.. 10/06/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........174,545 ...................... ...................... ...................0 .........................<br />
1599999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Common Stocks - Unaffiliated....................................................... ........36,442,993 ....1,825,277 ......................0 ......................0 ..................0 ....1,825,277 ..................0 ........................0 ....130,941,077 ...................0 ...................0 ...................0 ......10,156,567<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Real Estate - Unaffiliated<br />
000000 00 0 4310 RockBridge Real Estate Fund LLC......... Columbus.................. OH.. Direct from LP............................... 09/29/2000.. 07/14/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,152,052 ...................... ...................... ...................0 .........................<br />
000000 00 0 4375 RockBridge Real Estate Fund II LLC...... Columbus.................. OH.. Direct from LP............................... 07/07/2003.. 07/14/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........598,110 ...................... ...................... ...................0 .........................<br />
000000 00 0 4390 BPG Investment Partnership VI LP........ Yardley...................... PA... Direct from LP............................... 09/06/2002.. 07/02/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........283,001 ...................... ...................... ...................0 .........................<br />
000000 00 0 4500 Blue Vista Sponsor Equity Fund LLC..... Chicago..................... IL..... Direct from LP............................... 11/20/2003.. 11/14/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........315,419 ...................... ...................... ...................0 .........................<br />
000000 00 0 4600 Genesis Workforce Housing Fund LLC.. Los Angeles.............. CA... Direct from LP............................... 11/15/2004.. 07/15/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........133,472 ...................... ...................... ...................0 .........................<br />
000000 00 0 4755 Capri Select Income II LLC..................... Chicago..................... IL..... Direct from LP............................... 12/01/2005.. 11/14/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,580,800 ...................... ...................... ...................0 .........................<br />
000000 00 0 4760 RockBridge Real Estate Fund III LLC..... Columbus.................. OH.. Direct from LP............................... 06/12/2006.. 12/08/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,333,333 ...................... ...................... ...................0 .........................<br />
000000 00 0 4810 California Urban Housing Fund LLC....... Los Angeles.............. CA... Direct from LP............................... 03/02/2006.. 08/05/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...............9,664 ...................... ...................... ...................0 .........................<br />
000000 00 0 5310 Blue Vista Sponsor Equity Fund II LLC.. Chicago..................... IL..... Direct from LP............................... 10/02/2006.. 11/14/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,132,859 ...................... ...................... ...................0 .........................<br />
1799999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Real Estate - Unaffiliated............................................................... ........................0 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 ........6,538,709 ...................0 ...................0 ...................0 ......................0<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Unaffiliated<br />
000000 00 0 1495 Beacon Group Energy Investment Fund LPNew York.................. NY... Partnership Terminated................. 06/28/1994.. 12/29/2008.. ...............25,570 ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............25,570 ...................... ...................... ...................0 ...........(16,519)<br />
000000 00 0 3895 Encap Equity Capital Fund III LP............ Houston..................... TX... Direct from LP............................... 08/25/1997.. 11/19/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........3,578,514 ...................... ...................... ...................0 .........................<br />
000000 00 0 4380 Encap Energy Capital Fund IV LP.......... Houston..................... TX... Direct from LP............................... 12/20/2001.. 12/29/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........4,031,963 ...................... ...................... ...................0 .........................<br />
000000 00 0 4545 Energy Spectrum Partners IV LP........... Dallas........................ TX... Direct from LP............................... 06/03/2004.. 05/09/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,790,611 ...................... ...................... ...................0 .........................<br />
000000 00 0 4565 Encap Energy Capital Fund V LP........... Houston..................... TX... Direct from LP............................... 08/18/2004.. 12/29/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ......29,564,709 ...................... ...................... ...................0 .........................<br />
000000 00 0 4625 Cordillera Energy Partners II LLC........... Greenwood Village... CO.. Direct from LP............................... 02/07/2005.. 09/30/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........5,791,129 ...................... ...................... ...................0 .........................<br />
000000 00 0 4750 JOG Capital Fund III LP.......................... Canada..................... ........ Direct from LP............................... 09/06/2005.. 12/15/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........244,578 ...................... ...................... ...................0 .........................<br />
000000 00 0 4770 Natural Gas Partners VIII LP.................. Irving......................... TX... Direct from LP............................... 11/30/2005.. 11/20/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........1,861,130 ...................... ...................... ...................0 .........................<br />
000000 00 0 4820 Encap Energy Capital Fund VI LP.......... Houston..................... TX... Direct from LP............................... 07/17/2006.. 11/25/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ........4,188,910 ...................... ...................... ...................0 .........................<br />
000000 00 0 5435 Cordillera Energy Partners III LLC.......... Greenwood Village... CO.. Direct from LP............................... 07/02/2007.. 07/28/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............16,496 ...................... ...................... ...................0 .........................<br />
000000 00 0 5450 Encap Energy Capital Fund VII LP......... Houston..................... TX... Direct from LP............................... 09/17/2007.. 08/22/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ ...........308,531 ...................... ...................... ...................0 .........................<br />
000000 00 0 5475 Natural Gas Partnes IX LP..................... Irving......................... TX... Direct from LP............................... 10/22/2007.. 03/31/2008.. ............................ ...................... ......................... ......................... ...................... ..................0 ...................... ............................ .............37,434 ...................... ...................... ...................0 .........................<br />
1999999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Unaffiliated........................................................................ ...............25,570 ..................0 ......................0 ......................0 ..................0 ..................0 ..................0 ........................0 ......51,439,575 ...................0 ...................0 ...................0 ...........(16,519)<br />
Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Affiliated<br />
000000 00 0 <strong>Lincoln</strong> <strong>National</strong> <strong>Financial</strong> Holdings, LLC........ .................................. ........ ....................................................... 07/13/2007.. 12/15/2008.. ............................ ..30,001,000 ......................... ......................... ...................... ..30,001,000 ...................... ............................ ......54,979,199 ...................... .........(21,801) .........(21,801) .........................<br />
2099999. Total - Joint Venture or Partnership Interests That Have Underlying Characteristics of Other - Affiliated............................................................................ ........................0 ..30,001,000 ......................0 ......................0 ..................0 ..30,001,000 ..................0 ........................0 ......54,979,199 ...................0 .........(21,801) .........(21,801) ......................0<br />
3999999. Subtotal - Unaffiliated...................................................................................................... ..................................................................................................... ........36,468,563 ....1,825,277 ......................0 ......................0 ..................0 ....1,825,277 ..................0 ........................0 ....190,799,723 ...................0 ..........24,200 ..........24,200 ......10,140,322<br />
4099999. Subtotal - Affiliated.......................................................................................................... ..................................................................................................... ........................0 ..30,001,000 ......................0 ......................0 ..................0 ..30,001,000 ..................0 ........................0 ......54,979,199 ...................0 .........(21,801) .........(21,801) ......................0<br />
4199999. Totals............................................................................................................................... ..................................................................................................... ........36,468,563 ..31,826,277 ......................0 ......................0 ..................0 ..31,826,277 ..................0 ........................0 ....245,778,922 ...................0 ............2,399 ............2,399 ......10,140,322
E10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
U.S. Government - Issuer Obligations<br />
38373P BA 0 AID-ISRAEL SER 1-Z ZERO CPN...................................................... ....... .. ........... ......1 ............3,491,460 ........75.913 ..........15,941,730 ..........21,000,000 ..........10,496,652 .......................... ...........801,346 ............................ .......................... ................... ..........8.085 NONE .......................... .......................... 02/08/1995. 10/01/2017.<br />
38373P BB 8 AID-ISRAEL SER 1-Z ZERO CPN...................................................... ....... .. ........... ......1 ............3,355,800 ........74.541 ..........15,653,610 ..........21,000,000 ..........10,089,652 .......................... ...........770,330 ............................ .......................... ................... ..........8.085 NONE .......................... .......................... 02/08/1995. 04/01/2018.<br />
38373P BC 6 AID-ISRAEL SER 1-Z ZERO CPN...................................................... ....... .. ........... ......1 ............3,225,390 ........72.526 ..........15,230,460 ..........21,000,000 ............9,697,136 .......................... ...........740,334 ............................ .......................... ................... ..........8.085 NONE .......................... .......................... 02/08/1995. 10/01/2018.<br />
30767E AA 7 FARM CREDIT BK TEXAS SER 1 CL................................................ ....... .. 1 3...... ......1 ..........17,211,753 ........53.014 ............8,323,198 ..........15,700,000 ..........16,712,087 .......................... ..........(170,380) ............................ .......................... ..........7.561 ..........6.864 JD...... .............52,759 ........1,187,077 11/14/2005. 12/15/2049.<br />
31331Q PM 3 FEDERAL FARM CREDIT BANK BD................................................. ....... .. ........... ......1 ..........25,974,050 ......114.594 ..........29,794,440 ..........26,000,000 ..........25,982,144 .......................... ...............1,534 ............................ .......................... ..........4.970 ..........4.980 JJ....... ...........620,974 ........1,292,200 12/31/2002. 01/08/2018.<br />
3133XC QZ 9 FEDERAL HOME LN BK BD............................................................... ....... .. ........... ......1 ...............153,956 ......105.594 ...............158,391 ...............150,000 ...............152,564 .......................... ..............(1,391) ............................ .......................... ..........4.375 ..........3.339 MS..... ...............1,896 ...............6,563 01/07/2008. 09/17/2010.<br />
3128X3 3F 8 FEDERAL HOME LN MTG CORP MTN............................................. ....... .. ........... ......1 ............2,002,300 ......103.359 ............2,067,180 ............2,000,000 ............2,000,046 .......................... ...................(41) ............................ .......................... ..........4.375 ..........4.346 JJ....... .............37,917 .............87,500 01/28/2005. 01/25/2010.<br />
3137EA AR 0 FEDERAL HOME LN MTG CORP REF N.......................................... ....... .. ........... ......1 .................62,599 ......108.500 .................65,100 .................60,000 .................62,025 .......................... .................(596) ............................ .......................... ..........4.750 ..........3.616 MS..... ..................918 ...............2,850 01/07/2008. 03/05/2012.<br />
3137EA AY 5 FEDERAL HOME LN MTG CORP REF N.......................................... ....... .. ........... ......1 ...............219,883 ......117.938 ...............235,876 ...............200,000 ...............218,248 .......................... ..............(1,635) ............................ .......................... ..........5.500 ..........4.227 FA...... ...............3,911 .............11,917 01/22/2008. 08/23/2017.<br />
3133MU DV 4 FEDERAL HOME LOAN BANK BD.................................................... ....... .. ........... ......1 ..........34,293,140 ......117.375 ..........39,907,500 ..........34,000,000 ..........34,201,837 .......................... ............(17,420) ............................ .......................... ..........5.375 ..........5.290 MN..... ...........233,514 ........1,827,500 01/13/2003. 11/15/2017.<br />
3133XK QX 6 FEDERAL HOME LOAN BANK BD.................................................... ....... .. ........... ......1 ...............215,574 ......113.063 ...............248,739 ...............220,000 ...............215,619 .......................... ....................45 ............................ .......................... ..........4.875 ..........5.171 MN..... ...............1,311 .......................... 11/20/2008. 05/17/2017.<br />
3133XM D4 0 FEDERAL HOME LOAN BANK BD.................................................... ....... .. ........... ......1 ...............126,157 ......103.000 ...............128,750 ...............125,000 ...............125,488 .......................... .................(621) ............................ .......................... ..........4.500 ..........3.979 AO...... ...............1,281 ...............6,016 11/19/2007. 10/09/2009.<br />
3133XM L6 6 FEDERAL HOME LOAN BANK BD.................................................... ....... .. ........... ......1 ...............494,755 ......108.188 ...............540,940 ...............500,000 ...............495,913 .......................... ..................963 ............................ .......................... ..........4.625 ..........4.864 AO...... ...............5,203 .............23,454 10/12/2007. 10/10/2012.<br />
3133XS CT 3 FEDERAL HOME LOAN BANK BD.................................................... ....... .. ........... ......1 ...............175,092 ......104.000 ...............182,000 ...............175,000 ...............175,085 .......................... .....................(7) ............................ .......................... ..........3.375 ..........3.346 AO...... ...............1,575 .......................... 10/22/2008. 10/20/2010.<br />
3133XS AE 8 FEDERAL HOME LOAN BANK GLBL BD.......................................... ....... .. ........... ......1 .................19,942 ......105.188 .................21,038 .................20,000 .................19,945 .......................... ......................3 ............................ .......................... ..........3.625 ..........3.688 AO...... ..................147 ....................66 09/11/2008. 10/18/2013.<br />
3133M9 B4 3 FEDERAL HOME LOAN BANK SER EK1.......................................... ....... .. ........... ......1 ..........22,353,785 ......121.188 ..........23,025,720 ..........19,000,000 ..........20,798,842 .......................... ..........(281,102) ............................ .......................... ..........6.700 ..........4.720 JD...... .............21,217 ........1,273,000 10/07/2002. 06/25/2014.<br />
3134A4 KX 1 FEDERAL HOME LOAN MTG CORP GLB........................................ ....... .. ........... ......1 ............5,238,850 ......139.656 ............6,982,800 ............5,000,000 ............5,219,202 .......................... ..............(4,223) ............................ .......................... ..........6.250 ..........5.903 JJ....... ...........144,097 ...........312,500 08/21/2003. 07/15/2032.<br />
3134A4 QD 9 FEDERAL HOME LOAN MTG CORP GLB........................................ ....... .. ........... ......1 .................30,039 ......110.469 .................33,141 .................30,000 .................30,029 .......................... .....................(7) ............................ .......................... ..........5.125 ..........5.091 JJ....... ..................709 ...............1,538 07/26/2007. 07/15/2012.<br />
3134A4 EW 0 FEDERAL HOME LOAN MTG CORP GLO........................................ ....... .. ........... ......1 ..........19,663,200 ......105.594 ..........19,006,920 ..........18,000,000 ..........18,501,686 .......................... ..........(209,649) ............................ .......................... ..........5.875 ..........4.543 MS..... ...........293,750 ........1,057,500 10/07/2002. 03/21/2011.<br />
3128X1 PN 1 FEDERAL HOME LOAN MTG CORP MTN........................................ ....... .. ........... ......1 ..........10,485,515 ......101.342 ..........11,122,285 ..........10,975,000 ..........10,926,028 .......................... .............90,431 ............................ .......................... ..........3.250 ..........4.117 JJ....... ...........170,417 ...........356,688 09/08/2003. 07/09/2009.<br />
3128X2 XL 4 FEDERAL HOME LOAN MTG CORP MTN........................................ ....... .. 1 3...... ......1 ..........25,015,625 ......100.381 ..........25,095,250 ..........25,000,000 ..........25,000,451 .......................... ..............(3,374) ............................ .......................... ..........4.250 ..........5.117 FA...... ...........395,486 ........1,062,500 02/05/2004. 02/18/2014.<br />
3128X2 QU 2 FEDERAL HOME LOAN MTG CORP VAR........................................ ....... .. 1 3...... ......1 ..........13,937,500 ......100.211 ..........14,029,540 ..........14,000,000 ..........13,998,750 .......................... .............15,702 ............................ .......................... ..........4.100 ..........4.959 JJ....... ...........243,950 ...........574,000 11/09/2004. 01/28/2014.<br />
3136F4 4J 0 FEDERAL NATIONAL MTG ASSN VAR............................................ ....... .. 1 3...... ......1 ............6,000,000 ......100.344 ............6,020,640 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........4.200 ..........4.200 FA...... .............96,600 ...........252,000 01/22/2004. 02/13/2014.<br />
3134A2 HF 8 FHLMC ZERO CPN DB...................................................................... ....... .. ........... ......1 ..........22,744,057 ........84.247 ........107,865,646 ........128,035,000 ..........67,408,723 .......................... ........6,943,693 ............................ .......................... ................... ........11.172 NONE .......................... .......................... 01/01/1999. 11/24/2014.<br />
3134A2 HG 6 FHLMC ZERO CPN DB....................................................................... ....... .. ........... ......1 ..........11,140,020 ........50.476 ..........30,285,600 ..........60,000,000 ..........20,806,930 .......................... ........1,260,463 ............................ .......................... ................... ..........6.348 NONE .......................... .......................... 01/01/1999. 12/11/2025.<br />
31771E AU 5 FICO CORP PRINCIPAL FICO STRIP............................................... ....... .. ........... ......1 ..........18,540,694 ........69.496 ..........31,273,200 ..........45,000,000 ..........24,837,840 .......................... ........1,375,251 ............................ .......................... ................... ..........5.778 NONE .......................... .......................... 11/06/2003. 06/06/2019.<br />
31771E AP 6 FICO PRINCIPAL STRIP SER:15P Z................................................. ....... .. ........... ......1 ............4,468,500 ........70.516 ..........21,154,800 ..........30,000,000 ..........13,387,819 .......................... ........1,019,550 ............................ .......................... ................... ..........8.080 NONE .......................... .......................... 02/21/1995. 03/07/2019.<br />
31771C Z6 5 FINANCING CORP CPN FICO STRIPS............................................. ....... .. ........... ......1 ...................7,277 ........88.391 ...................8,839 .................10,000 ...................7,807 .......................... ..................378 ............................ .......................... ................... ..........5.021 NONE .......................... .......................... 07/26/2007. 12/27/2013.<br />
313586 RC 5 FNMA CAPITAL DEB.......................................................................... ....... .. ........... ......1 ..........47,241,291 ........54.194 ........153,660,584 ........283,538,000 ........126,313,919 .......................... ........9,149,683 ............................ .......................... ................... ..........7.790 NONE .......................... .......................... 08/12/1997. 10/09/2019.<br />
31398A MV 1 FNMA DB............................................................................................. ....... .. ........... ......1 .................24,938 ......101.688 .................25,422 .................25,000 .................24,963 .......................... ....................28 ............................ .......................... ..........2.500 ..........2.620 AO...... ..................142 ..................420 02/05/2008. 04/09/2010.<br />
313586 QR 3 FNMA DEBS........................................................................................ ....... .. ........... ......1 ..........50,192,233 ........86.193 ........224,963,730 ........261,000,000 ........166,355,641 .......................... ......13,046,992 ............................ .......................... ................... ..........9.417 JJ....... .......................... .......................... 02/21/1995. 07/05/2014.<br />
31359M XV 0 FNMA GLBL NT................................................................................... ....... .. ........... ......1 ............2,971,840 ......103.781 ............3,113,430 ............3,000,000 ............2,991,068 .......................... ...............7,137 ............................ .......................... ..........4.400 ..........4.659 MS..... .............41,433 ...........132,000 11/01/2006. 03/08/2010.<br />
31359M NU 3 FNMA GLBL SB NT............................................................................. ....... .. ........... ......1 ..........23,459,815 ......105.402 ..........24,769,470 ..........23,500,000 ..........23,483,156 .......................... ...............4,163 ............................ .......................... ..........5.250 ..........5.272 FA...... ...........514,063 ........1,233,750 07/24/2002. 08/01/2012.<br />
31398A HZ 8 FNMA NT............................................................................................. ....... .. ........... ......1 .................40,329 ......110.031 .................44,012 .................40,000 .................40,261 .......................... ...................(77) ............................ .......................... ..........4.750 ..........4.565 MN..... ..................222 ...............1,900 11/07/2007. 11/19/2012.<br />
31398A KY 7 FNMA NT............................................................................................. ....... .. ........... ......1 .................39,900 ......105.844 .................42,338 .................40,000 .................39,917 .......................... ....................18 ............................ .......................... ..........3.625 ..........3.680 FA...... ..................560 ..................850 01/09/2008. 02/12/2013.<br />
31398A TZ 5 FNMA NT............................................................................................. ....... .. ........... ......1 ...............133,958 ......103.156 ...............139,261 ...............135,000 ...............134,063 .......................... ..................105 ............................ .......................... ..........2.875 ..........3.279 AO...... ..................852 .......................... 10/15/2008. 10/12/2010.<br />
31359M TP 8 FNMA SB GLBL NT............................................................................. ....... .. ........... ......1 ..........10,126,000 ......105.676 ..........10,567,600 ..........10,000,000 ..........10,070,183 .......................... ............(12,072) ............................ .......................... ..........5.125 ..........4.965 JJ....... ...........254,826 ...........512,500 11/21/2003. 01/02/2014.<br />
31359M GT 4 FNMA SB NT....................................................................................... ....... .. ........... ......1 ..........20,034,620 ......105.964 ..........19,073,520 ..........18,000,000 ..........18,616,046 .......................... ..........(275,588) ............................ .......................... ..........6.250 ..........4.511 FA...... ...........468,750 ........1,125,000 11/21/2003. 02/01/2011.<br />
649085 AA 5 NEW VALLEY GENERATION II PTC................................................. ....... .. ........... ......1 ............8,173,701 ......109.788 ............8,680,485 ............7,906,588 ............8,072,174 .......................... ............(21,843) ............................ .......................... ..........5.572 ..........5.203 MN..... .............74,650 ...........440,555 12/16/2002. 05/01/2020.<br />
64908Q AA 9 NEW VALLEY GENERATION V PTC................................................. ....... .. ........... ......1 ............4,647,623 ......105.883 ............4,921,043 ............4,647,623 ............4,647,623 .......................... .......................... ............................ .......................... ..........4.929 ..........4.929 JJ....... ...........105,632 ...........229,083 09/24/2003. 01/15/2021.<br />
690353 KY 2 OVERSEAS PVT INVEST CO TRANCHE......................................... ....... .. ........... ......1 ...............423,046 ......103.833 ...............439,261 ...............423,046 ...............423,046 .......................... .......................... ............................ .......................... ..........4.300 ..........4.300 FA...... ...............6,872 .............17,552 08/15/2008. 05/29/2012.<br />
690353 LC 9 OVERSEAS PVT INVEST CO TRANCHE......................................... ....... .. ........... ......1 ...............357,588 ......108.460 ...............387,840 ...............357,588 ...............357,588 .......................... .......................... ............................ .......................... ..........4.640 ..........4.640 FA...... ...............6,268 .............16,032 08/15/2008. 05/29/2012.<br />
690353 MD 6 OVERSEAS PVT INVEST CO TRANCHE......................................... ....... .. ........... ......1 ...............169,022 ......106.647 ...............180,257 ...............169,022 ...............169,022 .......................... .......................... ............................ .......................... ..........4.090 ..........4.090 FA...... ...............2,612 ...............6,707 08/15/2008. 05/29/2012.<br />
690353 MF 1 OVERSEAS PVT INVEST CO TRANCHE......................................... ....... .. ........... ......1 ............1,535,888 ......109.219 ............1,677,481 ............1,535,888 ............1,535,888 .......................... .......................... ............................ .......................... ..........4.870 ..........4.870 FA...... .............28,257 .............72,152 08/15/2008. 05/29/2012.<br />
690353 MK 0 OVERSEAS PVT INVEST CO TRANCHE......................................... ....... .. ........... ......1 ...............202,240 ......108.592 ...............219,617 ...............202,240 ...............202,240 .......................... .......................... ............................ .......................... ..........4.680 ..........4.680 FA...... ...............3,576 ...............9,143 08/15/2008. 05/29/2012.<br />
76116E CF 5 RFCO ZERO COUPON SER RZ0 STRIP........................................... ....... .. ........... ......1 ............8,651,790 ........77.479 ..........16,270,590 ..........21,000,000 ..........12,978,796 .......................... ...........777,307 ............................ .......................... ................... ..........6.272 NONE .......................... .......................... 06/05/2002. 10/15/2016.<br />
83162C BP 7 SMALL BUS ADMIN 1989-20B........................................................... ....... .. ........... ......1 ......................437 ......100.563 ......................439 ......................437 ......................437 .......................... .......................... ............................ .......................... ..........9.850 ..........9.850 FA...... ....................18 ....................43 02/07/1989. 02/01/2009.<br />
83162C BQ 5 SMALL BUS ADMIN 1989-20C........................................................... ....... .. ........... ......1 ...................2,068 ......101.094 ...................2,091 ...................2,068 ...................2,068 .......................... .......................... ............................ .......................... ........10.100 ........10.100 MS..... ....................70 ..................209 03/07/1989. 03/01/2009.<br />
83162C MX 8 SMALL BUSINESS ADMIN SBAP 03-0.............................................. ....... .. .......12 ......1 ............9,203,962 ......100.750 ............9,272,991 ............9,203,962 ............9,203,962 .......................... .......................... ............................ .......................... ..........4.760 ..........4.760 AO...... ...........109,527 ...........450,440 04/08/2003. 04/01/2023.<br />
83162C MW 0 SMALL BUSINESS ADMIN SBAP 03-2.............................................. ....... .. .......12 ......1 ............3,034,284 ........99.719 ............3,025,758 ............3,034,284 ............3,034,284 .......................... .......................... ............................ .......................... ..........4.500 ..........4.500 MS..... .............45,514 ...........140,373 03/04/2003. 03/01/2023.<br />
83162C MZ 3 SMALL BUSINESS ADMIN SBAP 03-2.............................................. ....... .. .......12 ......1 ............6,678,392 ......100.188 ............6,690,948 ............6,678,392 ............6,678,392 .......................... .......................... ............................ .......................... ..........4.640 ..........4.640 MN..... .............51,646 ...........319,907 05/06/2003. 05/01/2023.<br />
83162C GR 8 SMALL BUSINESS ADMIN 96-D........................................................ ....... .. .........2 ......1 ...............213,651 ......105.406 ...............228,341 ...............216,630 ...............213,685 .......................... ..................148 ............................ .......................... ..........7.350 ..........7.457 AO...... ...............3,981 .............15,922 05/30/1996. 04/01/2016.<br />
83162C GU 1 SMALL BUSINESS ADMIN 96-F........................................................ ....... .. .........2 ......1 ...............417,096 ......105.969 ...............425,044 ...............401,102 ...............404,210 .......................... .................(146) ............................ .......................... ..........7.550 ..........7.139 JD...... ...............2,524 .............30,283 12/05/1996. 06/01/2016.
E10.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
912828 JR 2 T 3.7500 11/15/18................................................................................ ....... .. ........... ......1 .................39,595 ......113.203 .................39,621 .................35,000 .................39,583 .......................... ...................(12) ............................ .......................... ..........3.750 ..........2.260 MN..... ..................170 .......................... 12/17/2008. 11/15/2018.<br />
880591 EB 4 TENNESSEE VALLEY AUTH SER A GL........................................... ....... .. ........... ......1 .................14,795 ......119.598 .................17,940 .................15,000 .................14,796 .......................... ......................2 ............................ .......................... ..........4.875 ..........4.954 JJ....... ..................337 ..................349 01/16/2008. 01/15/2048.<br />
88059F AA 9 TENNESSEE VALLEY AUTHORITY PRI........................................... ....... .. 1 3...... ......1 ..........28,629,120 ........87.998 ..........39,599,100 ..........45,000,000 ..........40,351,075 .......................... ........2,283,542 ............................ .......................... ................... ..........1.156 AO...... .......................... .......................... 04/22/2003. 04/15/2042.<br />
880591 CU 4 TENNESSEE VALLEY AUTHORITY 199........................................... ....... .. ........... ......1 ..........40,686,005 ......122.419 ..........44,802,906 ..........36,598,000 ..........39,403,312 .......................... ..........(240,809) ............................ .......................... ..........6.250 ..........5.170 JD...... ...........101,661 ........2,287,375 01/09/2003. 12/15/2017.<br />
91202P AA 7 U S GOVT ARMY AIR & NAVY DEB.................................................. ....... .. ........... ....1Z ............1,596,915 ......100.758 ............1,614,509 ............1,602,363 ............1,600,665 .......................... ..................614 ............................ .......................... ..........8.500 ..........8.535 JJ....... .............62,804 ...........136,208 06/04/1992. 07/15/2013.<br />
912828 ET 3 UNITED STATES INFLATION INDEXE.............................................. ....... .. ........... ......1 ...............255,791 ........95.766 ...............263,134 ...............274,768 ...............255,929 .......................... ..................138 ............................ .......................... ..........2.000 ..........3.091 JJ....... ...............2,534 .......................... 12/09/2008. 01/15/2016.<br />
912810 DW 5 UNITED STATES TREAS BD............................................................. LS... .. ........... ......1 ...............155,156 ......133.898 ...............200,847 ...............150,000 ...............152,579 .......................... .................(261) ............................ .......................... ..........7.250 ..........6.948 MN..... ...............1,412 .............16,349 05/26/1993. 05/15/2016.<br />
912810 DX 3 UNITED STATES TREAS BD............................................................. ....... .. ........... ......1 ............1,545,766 ......136.531 ............2,116,231 ............1,550,000 ............1,547,662 .......................... ..................202 ............................ .......................... ..........7.500 ..........7.525 MN..... .............15,093 ...........118,138 04/26/1995. 11/15/2016.<br />
912810 EP 9 UNITED STATES TREAS BD............................................................. ....... .. ........... ......1 ............2,060,000 ......145.078 ............2,901,560 ............2,000,000 ............2,046,827 .......................... ..............(1,920) ............................ .......................... ..........7.125 ..........6.863 FA...... .............53,825 ...........142,556 01/18/2000. 02/15/2023.<br />
912810 FF 0 UNITED STATES TREAS BD............................................................. ....... .. ........... ......1 ..........67,299,219 ......132.031 ..........92,421,700 ..........70,000,000 ..........67,751,712 .......................... .............58,943 ............................ .......................... ..........5.250 ..........5.514 MN..... ...........491,605 ........3,674,318 03/05/1999. 11/15/2028.<br />
912827 6R 8 UNITED STATES TREAS INFLATION............................................... ....... .. ........... ......1 ...............256,442 ........98.148 ...............255,121 ...............259,935 ...............256,734 .......................... ..................457 ............................ .......................... ..........3.500 ..........4.134 JJ....... ...............4,203 .......................... 10/20/2008. 01/15/2011.<br />
912828 AF 7 UNITED STATES TREAS INFLATION............................................... ....... .. .........2 ......1 .................24,716 ........98.008 .................23,604 .................24,084 .................24,391 .......................... .................(232) ............................ .......................... ..........3.000 ..........1.979 JJ....... ..................334 ...............1,667 07/26/2007. 07/15/2012.<br />
912810 PW 2 UNITED STATES TREAS NT............................................................. ....... .. ........... ......1 ...................6,166 ......133.938 ...................6,697 ...................5,000 ...................6,164 .......................... .....................(1) ............................ .......................... ..........4.375 ..........3.148 FA...... ....................83 .......................... 12/09/2008. 02/15/2038.<br />
912828 JH 4 UNITED STATES TREAS NT............................................................. ....... .. ........... ......1 ............3,052,043 ......115.477 ............3,464,310 ............3,000,000 ............3,050,560 .......................... ..............(1,483) ............................ .......................... ..........4.000 ..........3.789 FA...... .............45,326 .......................... 08/27/2008. 08/15/2018.<br />
912828 JQ 4 UNITED STATES TREAS NT............................................................. ....... .. ........... ......1 ............1,018,438 ......106.313 ............1,063,130 ............1,000,000 ............1,017,986 .......................... .................(452) ............................ .......................... ..........2.750 ..........2.354 AO...... ...............4,710 .......................... 11/13/2008. 10/31/2013.<br />
912828 JW 1 UNITED STATES TREAS NT............................................................. ....... .. ........... ......1 ...............145,159 ........99.773 ...............144,671 ...............145,000 ...............145,159 .......................... .......................... ............................ .......................... ..........1.500 ..........1.477 JD...... ......................6 .......................... 12/30/2008. 12/31/2013.<br />
912800 AA 7 UNITED STATES TREAS PRIN STRIP.............................................. ....... .. ........... ......1 ..........10,157,040 ........99.065 ..........17,831,700 ..........18,000,000 ..........17,204,835 .......................... ...........869,144 ............................ .......................... ................... ..........5.240 NONE .......................... .......................... 10/22/1998. 11/15/2009.<br />
912833 JX 9 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............3,658,500 ........98.186 ..........14,727,900 ..........15,000,000 ..........11,821,656 .......................... ...........942,451 ............................ .......................... ................... ..........8.465 NONE .......................... .......................... 11/04/1994. 11/15/2011.<br />
912833 JY 7 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............6,318,750 ........95.956 ..........23,989,000 ..........25,000,000 ..........19,151,440 .......................... ........1,458,902 ............................ .......................... ................... ..........8.065 NONE .......................... .......................... 12/21/1994. 05/15/2012.<br />
912833 JZ 4 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ..........12,087,700 ........94.454 ..........47,227,000 ..........50,000,000 ..........36,738,108 .......................... ........2,814,447 ............................ .......................... ................... ..........8.116 NONE .......................... .......................... 02/09/1995. 11/15/2012.<br />
912833 KA 7 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............2,163,900 ........93.525 ............9,352,500 ..........10,000,000 ............6,965,625 .......................... ...........554,309 ............................ .......................... ................... ..........8.447 NONE .......................... .......................... 11/10/1994. 05/15/2013.<br />
912833 KB 5 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............5,151,750 ........92.324 ..........23,081,000 ..........25,000,000 ..........16,679,113 .......................... ........1,331,809 ............................ .......................... ................... ..........8.480 NONE .......................... .......................... 11/04/1994. 11/15/2013.<br />
912833 KH 2 UNITED STATES TREAS STRIP....................................................... LS... .. ........... ......1 ..........10,301,400 ........82.593 ..........49,555,800 ..........60,000,000 ..........32,773,380 .......................... ........2,586,676 ............................ .......................... ................... ..........8.374 NONE .......................... .......................... 11/28/1994. 05/15/2016.<br />
912833 KM 1 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............5,001,600 ........79.763 ..........23,928,900 ..........30,000,000 ..........15,376,663 .......................... ........1,182,468 ............................ .......................... ................... ..........8.146 NONE .......................... .......................... 12/06/1994. 05/15/2017.<br />
912833 KR 0 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............4,713,000 ........76.640 ..........22,992,000 ..........30,000,000 ..........14,294,790 .......................... ........1,089,610 ............................ .......................... ................... ..........8.070 NONE .......................... .......................... 12/21/1994. 05/15/2018.<br />
912833 KZ 2 UNITED STATES TREAS STRIP....................................................... ....... .. ........... ......1 ............5,497,200 ........68.766 ..........30,944,700 ..........45,000,000 ..........17,621,444 .......................... ........1,397,446 ............................ .......................... ................... ..........8.417 NONE .......................... .......................... 11/10/1994. 05/15/2020.<br />
912833 GE 4 UNITED STATES TREAS STRIPS..................................................... LS... .. ........... ......1 ..........10,640,545 ........99.958 ..........34,485,510 ..........34,500,000 ..........33,479,466 .......................... ........2,617,457 ............................ .......................... ................... ..........8.290 NONE .......................... .......................... 11/28/1994. 05/15/2009.<br />
912833 JU 5 UNITED STATES TREAS STRIPS..................................................... ....... .. ........... ......1 ............9,886,100 ........99.506 ..........34,827,100 ..........35,000,000 ..........31,295,375 .......................... ........2,460,782 ............................ .......................... ................... ..........8.340 NONE .......................... .......................... 11/22/1994. 05/15/2010.<br />
912833 JV 3 UNITED STATES TREAS STRIPS..................................................... LS... .. ........... ......1 ..........16,079,100 ........99.245 ..........29,773,500 ..........30,000,000 ..........27,190,861 .......................... ........1,393,480 ............................ .......................... ................... ..........5.320 NONE .......................... .......................... 12/28/1998. 11/15/2010.<br />
912833 KE 9 UNITED STATES TREAS STRIPS..................................................... LS... .. ........... ......1 ..........11,059,800 ........84.977 ..........50,986,200 ..........60,000,000 ..........35,470,774 .......................... ........2,815,726 ............................ .......................... ................... ..........8.425 NONE .......................... .......................... 11/16/1994. 05/15/2015.<br />
0199999. U.S. Government - Issuer Obligations....................................................................................................... ........708,124,336 ....XXX....... .....1,515,862,777 .....1,787,416,020 .....1,207,289,844 ......................0 ......60,618,867 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........4,833,730 ......20,466,650 .....XXX....... .....XXX.......<br />
U.S. Government - Single Class Mortgage-Backed/Asset-Backed Securities<br />
31371N KB 0 FNMA PL#256890............................................................................... ....... .. .........2 ......1 ..........10,700,654 ......101.491 ..........10,854,982 ..........10,695,511 ..........10,700,225 .......................... .................(425) ............................ .......................... ..........6.000 ..........5.987 MON.. .............53,478 ...........213,910 07/16/2008. 09/01/2037.<br />
362206 DW 1 GNMA GN 298117............................................................................... ....... .. .........2 ......1 ...................8,321 ......108.860 ...................9,140 ...................8,396 ...................8,322 .......................... ......................3 ............................ .......................... ..........9.500 ..........9.805 MON.. ....................66 ..................798 11/07/1990. 11/15/2020.<br />
36216U F7 7 GNMA GNSF 174890.......................................................................... ....... .. .........2 ......1 ...................4,023 ......106.912 ...................3,978 ...................3,721 ...................3,926 .......................... ...................(53) ............................ .......................... ..........8.500 ..........6.256 MON.. ....................26 ..................316 12/16/1992. 04/15/2017.<br />
36217A 6Z 8 GNMA GNSF 188188.......................................................................... ....... .. .........2 ......1 ...................1,300 ......106.912 ...................1,301 ...................1,217 ...................1,297 .......................... .....................(7) ............................ .......................... ..........8.500 ..........5.798 MON.. ......................9 ..................103 12/16/1992. 02/15/2017.<br />
36217E KP 6 GNMA GNSF 191202.......................................................................... ....... .. .........2 ......1 ...................1,378 ......106.967 ...................1,409 ...................1,317 ...................1,353 .......................... .....................(4) ............................ .......................... ..........8.000 ..........6.813 MON.. ......................9 ..................105 12/16/1992. 04/15/2017.<br />
36217N FB 3 GNMA GNSF 198262.......................................................................... ....... .. .........2 ......1 .................17,853 ......106.912 .................17,883 .................16,726 .................17,524 .......................... ...................(96) ............................ .......................... ..........8.500 ..........6.523 MON.. ..................118 ...............1,422 12/16/1992. 02/15/2017.<br />
36217P Z5 9 GNMA GNSF 199764.......................................................................... ....... .. .........2 ......1 ...................1,821 ......106.912 ...................1,802 ...................1,686 ...................1,784 .......................... ...................(10) ............................ .......................... ..........8.500 ..........6.121 MON.. ....................12 ..................143 12/16/1992. 03/15/2017.<br />
36217S J9 3 GNMA GNSF 201988.......................................................................... ....... .. .........2 ......1 ...................1,050 ......106.967 ...................1,079 ...................1,008 ...................1,034 .......................... .....................(6) ............................ .......................... ..........8.000 ..........6.882 MON.. ......................7 ....................81 12/16/1992. 05/15/2017.<br />
36217T FF 1 GNMA GNSF 202766.......................................................................... ....... .. .........2 ......1 ...................7,417 ......106.912 ...................7,425 ...................6,945 ...................7,404 .......................... ...................(38) ............................ .......................... ..........8.500 ..........5.800 MON.. ....................49 ..................590 12/16/1992. 02/15/2017.<br />
362170 LJ 9 GNMA GNSF 208329.......................................................................... ....... .. .........2 ......1 ...................4,956 ......106.912 ...................4,832 ...................4,520 ...................4,798 .......................... ...................(30) ............................ .......................... ..........8.500 ..........5.994 MON.. ....................32 ..................384 12/16/1992. 03/15/2017.<br />
362170 4M 1 GNMA GNSF 208828.......................................................................... ....... .. .........2 ......1 ...................8,627 ......106.912 ...................8,566 ...................8,013 ...................8,438 .......................... ...................(46) ............................ .......................... ..........8.500 ..........6.343 MON.. ....................57 ..................681 12/16/1992. 05/15/2017.<br />
362174 R9 7 GNMA GNSF 212112.......................................................................... ....... .. .........2 ......1 .................10,533 ......106.912 .................10,451 ...................9,775 .................10,281 .......................... .................(213) ............................ .......................... ..........8.500 ..........6.397 MON.. ....................69 ..................831 12/16/1992. 04/15/2017.<br />
36218F JP 4 GNMA GNSF 220870.......................................................................... ....... .. .........2 ......1 ......................297 ......106.912 ......................295 ......................276 ......................294 .......................... .....................(2) ............................ .......................... ..........8.500 ..........5.864 MON.. ......................2 ....................23 12/16/1992. 06/15/2017.<br />
36218T K5 6 GNMA GNSF 231716.......................................................................... ....... .. .........2 ......1 .................13,616 ......106.912 .................13,618 .................12,738 .................13,368 .......................... .................(103) ............................ .......................... ..........8.500 ..........6.512 MON.. ....................90 ...............1,083 12/16/1992. 07/15/2017.<br />
36219N D9 8 GNMA GNSF 254028.......................................................................... ....... .. .........2 ......1 ...................4,978 ......106.343 ...................5,075 ...................4,772 ...................4,900 .......................... .....................(2) ............................ .......................... ..........8.000 ..........7.056 MON.. ....................32 ..................382 12/16/1992. 06/15/2022.<br />
362195 NS 4 GNMA GNSF 267801.......................................................................... ....... .. .........2 ......1 ......................276 ......106.147 ......................278 ......................262 ......................268 .......................... .......................... ............................ .......................... ..........8.000 ..........7.017 MON.. ......................2 ....................21 12/16/1992. 03/15/2020.<br />
36223D ET 9 GNMA GNSF 304446.......................................................................... ....... .. .........2 ......1 .................14,085 ......106.253 .................14,415 .................13,567 .................13,984 .......................... ...................(69) ............................ .......................... ..........8.000 ..........6.904 MON.. ....................90 ...............1,085 12/16/1992. 11/15/2021.<br />
36223S CW 1 GNMA GNSF 316085.......................................................................... ....... .. .........2 ......1 ...................1,962 ......106.343 ...................2,066 ...................1,943 ...................1,956 .......................... .......................... ............................ .......................... ..........8.000 ..........7.744 MON.. ....................13 ..................155 01/20/1993. 02/15/2022.<br />
36223S ZM 8 GNMA GNSF 316748.......................................................................... ....... .. .........2 ......1 ...................2,348 ......106.343 ...................2,408 ...................2,264 ...................2,317 .......................... .....................(3) ............................ .......................... ..........8.000 ..........7.169 MON.. ....................15 ..................181 12/16/1992. 02/15/2022.<br />
36223T WH 0 GNMA GNSF 317548.......................................................................... ....... .. .........2 ......1 ......................503 ......106.253 ......................511 ......................481 ......................495 .......................... ...................(14) ............................ .......................... ..........8.000 ..........6.931 MON.. ......................3 ....................39 12/16/1992. 12/15/2021.<br />
36223U J4 1 GNMA GNSF 318083.......................................................................... ....... .. .........2 ......1 ......................732 ......106.343 ......................747 ......................703 ......................720 .......................... .....................(6) ............................ .......................... ..........8.000 ..........7.104 MON.. ......................5 ....................56 12/16/1992. 02/15/2022.
E10.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
36223U NB 0 GNMA GNSF 318186.......................................................................... ....... .. .........2 ......1 ...................1,513 ......106.253 ...................1,540 ...................1,450 ...................1,489 .......................... .....................(1) ............................ .......................... ..........8.000 ..........7.028 MON.. ....................10 ..................116 12/16/1992. 12/15/2021.<br />
36223W Y4 0 GNMA GNSF 320331.......................................................................... ....... .. .........2 ......1 ...................2,335 ......106.343 ...................2,395 ...................2,252 ...................2,310 .......................... .....................(2) ............................ .......................... ..........8.000 ..........7.091 MON.. ....................15 ..................180 12/16/1992. 03/15/2022.<br />
36224A 7L 9 GNMA GNSF 323199.......................................................................... ....... .. .........2 ......1 ........................51 ......106.343 ........................52 ........................48 ........................50 .......................... .....................(2) ............................ .......................... ..........8.000 ..........6.871 MON.. .......................... ......................4 12/16/1992. 08/15/2022.<br />
36224E 6R 9 GNMA GNSF 326780.......................................................................... ....... .. .........2 ......1 ...................4,283 ......106.343 ...................4,383 ...................4,122 ...................4,224 .......................... .....................(2) ............................ .......................... ..........8.000 ..........7.124 MON.. ....................27 ..................330 12/16/1992. 06/15/2022.<br />
36224G JT 6 GNMA GNSF 327974.......................................................................... ....... .. .........2 ......1 ...................1,709 ......106.343 ...................1,752 ...................1,648 ...................1,707 .......................... .....................(3) ............................ .......................... ..........8.000 ..........6.736 MON.. ....................11 ..................132 12/16/1992. 06/15/2022.<br />
36224H N2 8 GNMA GNSF 329009.......................................................................... ....... .. .........2 ......1 .................28,919 ......106.343 .................29,647 .................27,878 .................28,895 .......................... ...................(50) ............................ .......................... ..........8.000 ..........6.728 MON.. ..................186 ...............2,230 12/16/1992. 06/15/2022.<br />
36224H V4 5 GNMA GNSF 329235.......................................................................... ....... .. .........2 ......1 .................18,131 ......106.844 .................18,098 .................16,939 .................17,699 .......................... .................(121) ............................ .......................... ..........8.500 ..........7.022 MON.. ..................120 ...............1,440 12/16/1992. 05/15/2022.<br />
36224N UZ 4 GNMA GNSF 333700.......................................................................... ....... .. .........2 ......1 ......................491 ......106.343 ......................504 ......................474 ......................487 .......................... .......................... ............................ .......................... ..........8.000 ..........6.974 MON.. ......................3 ....................38 12/16/1992. 09/15/2022.<br />
36224N WZ 2 GNMA GNSF 333764.......................................................................... ....... .. .........2 ......1 ......................731 ......106.343 ......................749 ......................705 ......................723 .......................... .......................... ............................ .......................... ..........8.000 ..........7.073 MON.. ......................5 ....................56 12/16/1992. 10/15/2022.<br />
36224T WP 1 GNMA GNSF 338254.......................................................................... ....... .. .........2 ......1 .................23,196 ......106.343 .................23,793 .................22,374 .................23,051 .......................... .....................(7) ............................ .......................... ..........8.000 ..........6.948 MON.. ..................149 ...............1,790 12/16/1992. 11/15/2022.<br />
36203M RY 8 GNMA GNSF 353403.......................................................................... ....... .. .........2 ......1 ......................507 ......105.971 ......................566 ......................534 ......................518 .......................... ......................1 ............................ .......................... ..........7.000 ..........7.942 MON.. ......................3 ....................38 04/09/1996. 09/15/2025.<br />
36205A Q6 4 GNMA GNSF 384877.......................................................................... ....... .. .........2 ......1 ...................1,688 ......105.971 ...................1,873 ...................1,767 ...................1,720 .......................... ....................27 ............................ .......................... ..........7.000 ..........7.829 MON.. ....................10 ..................124 04/09/1996. 10/15/2025.<br />
36206P CX 6 GNMA GNSF 416886.......................................................................... ....... .. .........2 ......1 .................13,082 ......105.937 .................14,595 .................13,777 .................13,368 .......................... ..................220 ............................ .......................... ..........7.000 ..........7.916 MON.. ....................80 ..................964 04/09/1996. 03/15/2026.<br />
36206X F4 0 GNMA GNSF 424187.......................................................................... ....... .. .........2 ......1 ...................2,392 ......105.937 ...................2,655 ...................2,506 ...................2,433 .......................... ....................15 ............................ .......................... ..........7.000 ..........7.892 MON.. ....................15 ..................176 04/09/1996. 04/15/2026.<br />
36207A HL 9 GNMA GNSF 426035.......................................................................... ....... .. .........2 ......1 .................18,104 ......105.937 .................20,131 .................19,003 .................18,411 .......................... ..................312 ............................ .......................... ..........7.000 ..........7.962 MON.. ..................111 ...............1,330 04/09/1996. 04/15/2026.<br />
36207K WC 0 GNMA GNSF 434543.......................................................................... ....... .. .........2 ......1 .................10,658 ......105.972 .................11,604 .................10,950 .................10,690 .......................... ......................7 ............................ .......................... ..........7.500 ..........8.254 MON.. ....................68 ..................821 08/10/1999. 09/15/2029.<br />
36207T US 8 GNMA GNSF 441693.......................................................................... ....... .. .........2 ......1 .................25,242 ......105.109 .................26,872 .................25,566 .................25,398 .......................... ....................50 ............................ .......................... ..........6.500 ..........6.757 MON.. ..................138 ...............1,662 02/25/1998. 03/15/2028.<br />
36207V WM 4 GNMA GNSF 443552.......................................................................... ....... .. .........2 ......1 ...................7,799 ......105.109 ...................8,370 ...................7,963 ...................7,936 .......................... ......................2 ............................ .......................... ..........6.500 ..........6.827 MON.. ....................43 ..................517 02/25/1998. 03/15/2028.<br />
36208D XY 6 GNMA GNSF 448095.......................................................................... ....... .. .........2 ......1 ...................3,161 ......105.109 ...................3,379 ...................3,215 ...................3,184 .......................... ......................7 ............................ .......................... ..........6.500 ..........6.779 MON.. ....................17 ..................209 02/25/1998. 02/15/2028.<br />
36208T AG 5 GNMA GNSF 460007.......................................................................... ....... .. .........2 ......1 .................20,425 ......105.109 .................21,717 .................20,661 .................20,661 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 MON.. ..................112 ...............1,343 02/25/1998. 03/15/2028.<br />
36208T H6 0 GNMA GNSF 460253.......................................................................... ....... .. .........2 ......1 ...................1,418 ......105.109 ...................1,531 ...................1,457 ...................1,451 .......................... ......................1 ............................ .......................... ..........6.500 ..........6.847 MON.. ......................8 ....................95 02/25/1998. 02/15/2028.<br />
36208V X2 6 GNMA GNSF 462497.......................................................................... ....... .. .........2 ......1 .................10,732 ......105.109 .................11,472 .................10,914 .................10,790 .......................... ......................6 ............................ .......................... ..........6.500 ..........6.813 MON.. ....................59 ..................709 02/25/1998. 01/15/2028.<br />
36208V 3Y 9 GNMA GNSF 462615.......................................................................... ....... .. .........2 ......1 ...................9,586 ......105.109 .................10,197 ...................9,701 ...................9,605 .......................... ......................8 ............................ .......................... ..........6.500 ..........6.798 MON.. ....................53 ..................630 02/25/1998. 03/15/2028.<br />
36209B XX 1 GNMA GNSF 466994.......................................................................... ....... .. .........2 ......1 .................21,820 ......105.109 .................23,349 .................22,214 .................21,994 .......................... ....................69 ............................ .......................... ..........6.500 ..........6.770 MON.. ..................120 ...............1,444 02/25/1998. 02/15/2028.<br />
36209E FW 7 GNMA GNSF 469181.......................................................................... ....... .. .........2 ......1 .................13,613 ......105.109 .................14,573 .................13,864 .................13,828 .......................... ....................73 ............................ .......................... ..........6.500 ..........6.806 MON.. ....................75 ..................901 02/25/1998. 03/15/2028.<br />
36202B 2U 8 GNMA II PL # 1687 PSTHR................................................................ ....... .. .........2 ......1 .................29,738 ......108.389 .................29,014 .................26,768 .................28,943 .......................... .................(556) ............................ .......................... ..........9.500 ..........6.734 MON.. ..................212 ...............2,543 07/26/2007. 09/20/2021.<br />
36202B 3N 3 GNMA II PL # 1705 PSTHR................................................................ ....... .. .........2 ......1 .................62,498 ......108.575 .................62,106 .................57,201 .................61,080 .......................... .................(886) ............................ .......................... ..........9.500 ..........7.161 MON.. ..................453 ...............5,434 07/26/2007. 10/10/2021.<br />
36202B 4G 7 GNMA II PL #1723 PSTHR................................................................. ....... .. .........2 ......1 .................63,564 ......108.577 .................62,405 .................57,475 .................61,941 .......................... ..............(1,199) ............................ .......................... ..........9.500 ..........6.854 MON.. ..................455 ...............5,460 07/26/2007. 11/20/2021.<br />
36223H HL 4 GNMA LARGE PL#308135 PSTHR.................................................... ....... .. .........2 ......1 ...............301,177 ......106.343 ...............355,414 ...............334,215 ...............280,220 .......................... ...............3,990 ............................ .......................... ..........8.000 ........10.178 MON.. ...............2,228 .............26,737 12/03/1991. 02/15/2022.<br />
36215X Z8 8 GNMA PL # 148467 PSTHR............................................................... ....... .. .........2 ......1 .................26,313 ......111.809 .................26,003 .................23,257 .................25,406 .......................... .................(565) ............................ .......................... ........11.000 ..........7.378 MON.. ..................213 ...............2,558 07/26/2007. 02/15/2016.<br />
36214X 4V 2 GNMA PL# 119736 PSTHR................................................................ ....... .. .........2 ......1 .................36,946 ......116.709 .................38,145 .................32,684 .................35,884 .......................... .................(814) ............................ .......................... ........12.000 ..........8.702 MON.. ..................327 ...............3,922 07/26/2007. 04/20/2015.<br />
36202A SB 4 GNMA PL# 514 PSTHR...................................................................... ....... .. .........2 ......1 .................12,456 ......111.356 .................12,868 .................11,555 .................12,314 .......................... .................(177) ............................ .......................... ........10.500 ..........7.808 MON.. ..................101 ...............1,213 01/14/1987. 03/20/2016.<br />
36202A CA 3 GNMA PL# 65 PSTHR........................................................................ ....... .. .........2 ......1 .................23,673 ......116.658 .................24,321 .................20,848 .................22,820 .......................... .................(667) ............................ .......................... ........12.500 ..........8.611 MON.. ..................217 ...............2,606 07/26/2007. 01/20/2014.<br />
36216U RT 6 GNMA PL#175198............................................................................... ....... .. .........2 ......1 ...................9,329 ......106.611 .................11,664 .................10,941 .................10,404 .......................... ..................127 ............................ .......................... ..........8.500 ..........9.579 MON.. ....................78 ..................930 03/04/1988. 10/15/2016.<br />
36217F Q2 8 GNMA PL#192273............................................................................... ....... .. .........2 ......1 .................15,156 ......106.912 .................18,395 .................17,205 .................16,498 .......................... ..................596 ............................ .......................... ..........8.500 ..........9.508 MON.. ..................122 ...............1,462 03/04/1988. 01/15/2017.<br />
36217H SS 5 GNMA PL#194129............................................................................... ....... .. .........2 ......1 .................24,791 ......106.967 .................34,544 .................32,294 .................29,744 .......................... ..................374 ............................ .......................... ..........8.000 ........10.231 MON.. ..................215 ...............2,583 09/16/1988. 04/15/2017.<br />
36217S 6J 5 GNMA PL#202573............................................................................... ....... .. .........2 ......1 .................10,262 ......106.912 .................12,820 .................11,991 .................11,373 .......................... ....................95 ............................ .......................... ..........8.500 ..........9.633 MON.. ....................85 ...............1,019 03/04/1988. 01/15/2017.<br />
36218A WM 7 GNMA PL#216752............................................................................... ....... .. .........2 ......1 ...............111,703 ......106.912 ...............128,496 ...............120,188 ...............117,746 .......................... ..................267 ............................ .......................... ..........8.500 ..........9.378 MON.. ..................851 .............10,216 07/10/1991. 05/15/2017.<br />
36223V WY 8 GNMA PL#319363 PSTHR................................................................. ....... .. .........2 ......1 .................41,264 ......106.844 .................40,999 .................38,373 .................39,224 .......................... ...................(50) ............................ .......................... ..........8.500 ..........8.090 MON.. ..................272 ...............3,262 05/05/1992. 04/15/2022.<br />
36224F QM 5 GNMA PL#327260 PSTHR................................................................. ....... .. .........2 ......1 ...............505,265 ......106.343 ...............477,627 ...............449,138 ...............519,040 .......................... ..............(5,154) ............................ .......................... ..........8.000 ..........6.173 MON.. ...............2,994 .............35,931 06/18/1992. 07/15/2022.<br />
36224M JT 3 GNMA PL#332474 PSTHR................................................................. ....... .. .........2 ......1 .................94,830 ......106.342 ...............103,761 .................97,573 .................96,768 .......................... ....................14 ............................ .......................... ..........8.000 ..........8.286 MON.. ..................650 ...............7,806 08/12/1994. 08/15/2024.<br />
36224S V3 3 GNMA PL#337334 PSTHR................................................................. ....... .. .........2 ......1 .................75,917 ......106.141 .................77,701 .................73,206 .................73,934 .......................... .................(302) ............................ .......................... ..........7.000 ..........6.703 MON.. ..................427 ...............5,124 12/02/1993. 07/15/2023.<br />
36224U EF 0 GNMA PL#338634 PSTHR................................................................. ....... .. .........2 ......1 .................81,653 ......106.281 .................78,969 .................74,302 .................76,140 .......................... .................(227) ............................ .......................... ..........8.000 ..........7.139 MON.. ..................495 ...............5,944 01/14/1993. 01/15/2023.<br />
36203D B7 4 GNMA PL#345762 PSTHR................................................................. ....... .. .........2 ......1 ...............277,496 ......106.441 ...............276,350 ...............259,627 ...............265,868 .......................... .................(551) ............................ .......................... ..........8.000 ..........7.235 MON.. ...............1,731 .............20,770 12/03/1996. 07/15/2026.<br />
36203K MM 3 GNMA PL#351464 PSTHR................................................................. ....... .. .........2 ......1 .................59,796 ......106.006 .................57,064 .................53,831 .................55,309 .......................... .................(679) ............................ .......................... ..........7.500 ..........6.623 MON.. ..................336 ...............4,037 02/09/1994. 02/15/2024.<br />
36203P CS 0 GNMA PL#354781 PSTHR................................................................. ....... .. .........2 ......1 ...............248,308 ......106.006 ...............240,627 ...............226,994 ...............232,695 .......................... ..............(1,090) ............................ .......................... ..........7.500 ..........6.686 MON.. ...............1,419 .............17,024 02/17/1994. 03/15/2024.<br />
362065 P7 3 GNMA PL#35546 PSTHR................................................................... ....... .. .........2 ......1 ...................9,517 ......103.021 .................10,267 ...................9,966 ...................9,899 .......................... ..................138 ............................ .......................... ........11.000 ........11.693 MON.. ....................91 ...............1,096 12/20/1979. 12/15/2009.<br />
362066 LR 1 GNMA PL#36336................................................................................. ....... .. .........2 ......1 ......................514 ......101.183 ......................571 ......................564 ......................560 .......................... ....................25 ............................ .......................... ........11.000 ........12.373 MON.. ......................5 ....................62 12/20/1979. 12/15/2009.<br />
36204K BF 9 GNMA PL#371838 PSTHR................................................................. ....... .. .........2 ......1 ...............479,951 ......106.006 ...............466,409 ...............439,984 ...............454,299 .......................... .................(474) ............................ .......................... ..........7.500 ..........6.446 MON.. ...............2,750 .............32,999 01/01/1998. 06/15/2024.<br />
36204U XK 2 GNMA PL#380582 PSTHR................................................................. ....... .. .........2 ......1 ...................3,960 ......102.261 ...................3,363 ...................3,288 ...................3,325 .......................... .................(333) ............................ .......................... ..........8.000 ..........4.086 MON.. ....................22 ..................263 07/17/2003. 08/15/2009.<br />
36207N TJ 3 GNMA PL#437153............................................................................... ....... .. .........2 ......1 ...............482,440 ......105.970 ...............502,734 ...............474,411 ...............476,878 .......................... .................(425) ............................ .......................... ..........7.500 ..........7.335 MON.. ...............2,965 .............35,581 02/13/1997. 01/15/2027.<br />
36208Y LZ 0 GNMA PL#464844 30YR TBA PSTHR............................................... ....... .. .........2 ......1 ...............109,613 ......105.968 ...............106,402 ...............100,409 ...............103,884 .......................... .................(818) ............................ .......................... ..........7.500 ..........6.451 MON.. ..................628 ...............7,531 09/01/1998. 09/15/2028.<br />
36225A AJ 9 GNMA PL#780009 PSTHR................................................................. ....... .. .........2 ......1 .................15,317 ......100.637 .................14,622 .................14,529 .................14,587 .......................... .................(607) ............................ .......................... ..........9.000 ..........8.386 MON.. ..................109 ...............1,308 01/12/1995. 12/15/2009.
E10.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
36225A LM 0 GNMA PL#780332 PSTHR................................................................. ....... .. .........2 ......1 ...................3,004 ......101.214 ...................2,377 ...................2,349 ...................2,400 .......................... .................(319) ............................ .......................... ..........8.000 ..........3.205 MON.. ....................16 ..................188 07/17/2003. 11/15/2009.<br />
36223V TZ 9 GNMA 2 GNSF 319268....................................................................... ....... .. .........2 ......1 ...................3,255 ......106.253 ...................3,285 ...................3,092 ...................3,179 .......................... .....................(7) ............................ .......................... ..........8.000 ..........7.004 MON.. ....................21 ..................247 12/16/1992. 11/15/2021.<br />
36203P AU 7 GNMA 30YR PL#354719 PSTHR....................................................... ....... .. .........2 ......1 ...............286,500 ......104.784 ...............298,104 ...............284,494 ...............285,104 .......................... .................(131) ............................ .......................... ..........6.500 ..........6.439 MON.. ...............1,541 .............18,492 01/27/1994. 01/15/2024.<br />
36202A Y2 7 GNMA2 G2SF 000729......................................................................... ....... .. .........2 ......1 .................29,863 ......107.625 .................32,241 .................29,957 .................29,905 .......................... ....................23 ............................ .......................... ..........8.000 ..........8.078 MON.. ..................200 ...............2,396 06/03/1992. 03/20/2017.<br />
36202B 4X 0 GNMA2 G2SF 001738......................................................................... ....... .. .........2 ......1 ...................1,703 ......105.828 ...................1,807 ...................1,707 ...................1,704 .......................... ......................1 ............................ .......................... ..........8.000 ..........8.075 MON.. ....................11 ..................137 06/03/1992. 12/20/2021.<br />
36202C A5 2 GNMA2 G2SF 001828......................................................................... ....... .. .........2 ......1 .................11,711 ......105.922 .................12,439 .................11,744 .................11,723 .......................... ......................2 ............................ .......................... ..........8.000 ..........8.064 MON.. ....................78 ..................939 06/03/1992. 05/20/2022.<br />
36202C BM 4 GNMA2 G2SF 001844......................................................................... ....... .. .........2 ......1 ...................6,719 ......105.922 ...................7,140 ...................6,741 ...................6,729 .......................... ......................7 ............................ .......................... ..........8.000 ..........8.068 MON.. ....................45 ..................539 06/03/1992. 06/20/2022.<br />
36215T TT 8 GNMA2 G2SF 144662......................................................................... ....... .. .........2 ......1 ...................6,935 ......106.172 ...................8,291 ...................7,809 ...................7,341 .......................... ....................89 ............................ .......................... ..........8.500 ........11.341 MON.. ....................55 ..................664 01/21/1988. 08/20/2016.<br />
38373X UY 0 GMNA GNR 02-41 TG BPAC.............................................................. ....... .. .........2 ......1 ..........10,849,231 ......103.209 ..........11,492,322 ..........11,135,000 ..........10,947,703 .......................... .............17,944 ............................ .......................... ..........6.000 ..........6.272 MON.. .............55,675 ...........668,100 07/08/2002. 06/16/2032.<br />
38373X GM 2 GMNA GNR 02-42 PG BPAC.............................................................. ....... .. .........2 ......1 ..........16,200,965 ......103.212 ..........17,188,657 ..........16,653,739 ..........16,384,924 .......................... .............37,380 ............................ .......................... ..........6.000 ..........6.310 MON.. .............83,269 ...........999,224 07/02/2002. 06/20/2032.<br />
38373W U9 7 GNMA GNR 02-32 PG PAC................................................................ ....... .. .........2 ......1 ............9,737,500 ......103.587 ..........10,358,700 ..........10,000,000 ............9,859,565 .......................... .............24,415 ............................ .......................... ..........6.000 ..........6.320 MON.. .............50,000 ...........600,000 07/17/2002. 05/20/2032.<br />
38374G DA 7 GNMA GNR 04-28 DZ Z SEQ............................................................. ....... .. .........2 ......1 ............8,020,929 ........99.829 ............8,459,535 ............8,474,026 ............8,209,195 .......................... .............43,092 ............................ .......................... ..........4.500 ..........5.173 MON.. .............31,778 ...........372,197 05/01/2008. 04/16/2019.<br />
3837H4 ZG 3 GNMA GNR 2000-29 G SEQ.............................................................. ....... .. .........2 ......1 ............1,437,763 ........99.832 ............1,469,886 ............1,472,359 ............1,472,359 .......................... ...............4,708 ............................ .......................... ..........7.500 ..........7.500 MON.. ...............9,202 ...........110,427 09/21/2000. 09/20/2030.<br />
38373T SA 4 GNMA GNR 2001- 62 PG BPAC......................................................... ....... .. .........2 ......1 ...............819,574 ......100.764 ...............831,965 ...............825,657 ...............825,004 .......................... ...............1,423 ............................ .......................... ..........6.000 ..........6.140 MON.. ...............4,128 .............49,539 06/25/2002. 01/20/2031.<br />
38373T VU 6 GNMA GNR 2001-59 QV PAC............................................................ ....... .. .........2 ......1 ..........23,438,403 ......101.463 ..........24,282,125 ..........23,932,000 ..........23,850,141 .......................... .............72,561 ............................ .......................... ..........6.000 ..........6.329 MON.. ...........119,660 ........1,435,920 01/23/2002. 10/20/2017.<br />
38373R 5Q 8 GNMA GNR 2001-60 QV PAC............................................................ ....... .. .........2 ......1 ..........31,123,454 ......102.201 ..........33,079,939 ..........32,367,530 ..........32,080,513 .......................... ...........206,446 ............................ .......................... ..........6.000 ..........6.589 MON.. ...........161,838 ........1,942,053 01/22/2002. 10/20/2024.<br />
38373X 7W 0 GNMA REMIC SER 2002-62 CL B...................................................... ....... .. .........2 ......1 ............8,714,267 ......101.512 ............8,746,536 ............8,616,258 ............8,630,662 .......................... ............(19,093) ............................ .......................... ..........4.763 ..........4.620 MON.. .............34,199 ...........438,174 09/05/2002. 01/16/2025.<br />
38373V T6 7 GNMA REMIC SER 2002-83 CL B CM............................................... ....... .. .........2 ......1 ............9,000,000 ......102.093 ............9,188,370 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........4.695 ..........4.695 MON.. .............35,213 ...........422,559 11/05/2002. 12/16/2024.<br />
3837H0 AG 8 GNMA REMIC SER 94-1 CL PK......................................................... ....... .. .........2 ......1 ............9,544,040 ......105.782 ............9,804,564 ............9,268,651 ............9,322,530 .......................... ............(17,366) ............................ .......................... ..........7.900 ..........7.542 MON.. .............61,019 ...........732,223 09/17/1996. 06/16/2024.<br />
38373M CE 8 GNMA SER 2002-28 CL B.................................................................. ....... .. .........2 ......1 ..........16,991,080 ......101.935 ..........17,320,281 ..........16,991,495 ..........16,991,419 .......................... ..................129 ............................ .......................... ..........5.779 ..........5.779 MON.. .............81,828 ...........981,939 05/03/2002. 07/16/2024.<br />
38373M FV 7 GNMA SER 2002-56 CL B.................................................................. ....... .. .......23 ......1 ............6,136,405 ......101.755 ............6,259,769 ............6,151,805 ............6,145,891 .......................... ...............5,413 ............................ .......................... ..........5.134 ..........5.221 MON.. .............26,324 ...........378,912 07/25/2002. 07/16/2024.<br />
38373V AC 4 GNMA SER 2002-59 CL BG CMO...................................................... ....... .. .........2 ......1 ............3,347,221 ......100.604 ............3,243,454 ............3,223,981 ............3,235,139 .......................... ............(26,881) ............................ .......................... ..........6.000 ..........5.342 MON.. .............16,120 ...........193,439 08/14/2002. 09/20/2031.<br />
3837H1 UY 5 GNMA SER 98-19 CL N...................................................................... ....... .. .........2 ......1 ...............459,395 ......106.064 ...............486,142 ...............458,348 ...............458,468 .......................... .................(159) ............................ .......................... ..........7.000 ..........6.965 MON.. ...............2,674 .............32,084 01/23/2001. 07/20/2028.<br />
38374F TF 1 GNMA 04-19 CL KC CMO................................................................... ....... .. .........2 ......1 ..........23,007,188 ......101.111 ..........23,255,530 ..........23,000,000 ..........23,003,842 .......................... .................(853) ............................ .......................... ..........5.000 ..........4.996 MON.. .............95,833 ........1,150,001 04/16/2004. 10/16/2030.<br />
38374J DP 8 GNMA 04-76 NC CMO........................................................................ ....... .. .........2 ......1 ..........11,442,035 ......101.290 ..........11,575,168 ..........11,427,750 ..........11,434,596 .......................... ..............(2,308) ............................ .......................... ..........5.000 ..........4.980 MON.. .............47,616 ...........571,388 09/08/2004. 04/20/2031.<br />
38373X MT 0 GNMA 2002-41 CL ZD CMO............................................................... ....... .. .........2 ......1 ..........24,468,896 ......103.371 ..........24,099,533 ..........23,313,630 ..........24,121,481 .......................... ..........(119,387) ............................ .......................... ..........6.000 ..........5.287 MON.. ...........116,568 ........1,354,397 05/25/2005. 06/16/2032.<br />
38374E CY 1 GNMA 2003-102 CL PD CMO............................................................. ....... .. .........2 ......1 ...............591,307 ......100.308 ...............596,973 ...............595,140 ...............593,486 .......................... ..................515 ............................ .......................... ..........4.250 ..........4.345 MON.. ...............2,108 .............25,293 11/06/2003. 05/20/2033.<br />
38373Y UH 5 GNMA 2003-5 CL B REMIC PSTHR C............................................... ....... .. .........2 ......1 ..........35,000,000 ......101.727 ..........35,604,450 ..........35,000,000 ..........35,000,000 .......................... .......................... ............................ .......................... ..........4.486 ..........4.486 MON.. ...........130,842 ........1,570,099 01/08/2003. 10/16/2025.<br />
38373Y UJ 1 GNMA 2003-5 CL C REMIC PSTHR C............................................... ....... .. .........2 ......1 ............6,371,308 ......102.578 ............6,872,726 ............6,700,000 ............6,479,205 .......................... ...............8,934 ............................ .......................... ..........5.017 ..........5.337 MON.. .............28,012 ...........336,139 08/15/2007. 05/16/2028.<br />
38374G CD 2 GNMA 2004-23 CL CB CMBS............................................................. ....... .. .........2 ......1 ..........15,749,310 ......102.739 ..........15,410,850 ..........15,000,000 ..........15,328,678 .......................... ............(95,941) ............................ .......................... ..........5.060 ..........4.336 MON.. .............63,250 ...........759,001 03/31/2004. 09/16/2027.<br />
38374F 3M 4 GNMA 2004-26 CL GC CMO.............................................................. ....... .. .........2 ......1 ..........18,929,250 ......102.134 ..........19,201,192 ..........18,800,000 ..........18,866,377 .......................... ............(15,943) ............................ .......................... ..........5.000 ..........4.897 MON.. .............78,333 ...........940,001 08/13/2004. 06/16/2031.<br />
38374G CT 7 GNMA 2004-28 CL PB REMIC PSTHR.............................................. ....... .. .........2 ......1 ............9,000,900 ......102.577 ............9,231,930 ............9,000,000 ............8,999,659 .......................... ..................104 ............................ .......................... ..........5.000 ..........5.001 MON.. .............37,500 ...........450,000 11/01/2006. 11/20/2033.<br />
38375J N7 6 GNMA 2007-27 CL PT CMO............................................................... ....... .. .........2 ......1 ............9,659,375 ......101.405 ..........10,140,500 ..........10,000,000 ............9,673,126 .......................... .............13,025 ............................ .......................... ..........5.500 ..........5.817 MON.. .............45,833 ...........550,000 11/09/2007. 05/20/2037.<br />
38373Y MV 3 GNMA 2002-91 CL C REMIC TR VAR................................................ ....... .. .......23 ......1 ............3,892,384 ......101.004 ............3,931,464 ............3,892,384 ............3,892,384 .......................... .......................... ............................ .......................... ..........4.570 ..........4.655 MON.. .............14,826 ...........212,801 12/13/2002. 02/16/2027.<br />
38373M HA 1 GNMA 2003-43 CL B CMBS............................................................... ....... .. .........2 ......1 ............7,477,780 ......101.034 ............7,555,100 ............7,477,780 ............7,477,780 .......................... .......................... ............................ .......................... ..........4.374 ..........4.374 MON.. .............27,257 ...........327,078 04/29/2003. 04/16/2033.<br />
38373Y A3 8 GNMA 2003-6 BE CMO...................................................................... ....... .. .........2 ......1 ..........15,084,375 ......102.236 ..........15,335,400 ..........15,000,000 ..........15,035,821 .......................... ............(13,323) ............................ .......................... ..........5.250 ..........5.163 MON.. .............65,625 ...........787,500 02/05/2004. 01/16/2032.<br />
38374B QP 1 GNMA 2003-72 CL C CMBS............................................................... ....... .. .........2 ......1 ..........13,951,875 ......102.611 ..........14,365,540 ..........14,000,000 ..........13,983,811 .......................... ...............6,708 ............................ .......................... ..........4.859 ..........4.911 MON.. .............56,697 ...........680,358 07/29/2003. 02/16/2030.<br />
38373M HJ 2 GNMA 2003-78 CL B CMO PROJ LN................................................. ....... .. .........2 ......1 ..........25,440,430 ......102.570 ..........25,642,500 ..........25,000,000 ..........25,141,420 .......................... ............(70,434) ............................ .......................... ..........5.110 ..........4.817 MON.. ...........106,458 ........1,277,499 09/16/2003. 10/16/2027.<br />
0299999. U.S. Government - Single Class Mortgage-Backed/Asset-Backed Securities.......................................... ........390,498,093 ....XXX....... ........399,888,504 ........391,236,066 ........390,977,357 ......................0 .............50,312 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,767,725 ......20,857,036 .....XXX....... .....XXX.......<br />
0399999. Total - U.S. Government............................................................................................................................ .....1,098,622,429 ....XXX....... .....1,915,751,281 .....2,178,652,086 .....1,598,267,201 ......................0 ......60,669,179 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........6,601,455 ......41,323,686 .....XXX....... .....XXX.......<br />
All Other Governments - Issuer Obligations<br />
040114 GK 0 ARGENTINA (REP OF) PAR BD........................................................ LS... .. .........3 .4FE ............1,497,531 ........19.000 ...............885,011 ............4,657,950 ............1,771,626 .......................... .............99,402 ............................ .......................... ..........1.330 ..........9.413 MS..... .............15,660 .............61,951 12/16/2005. 12/31/2038.<br />
P8055K KT 1 ARGENTINA (REP OF) SERIES 1 FL................................................ ....... F .........3 .4FE ............4,862,594 ........26.000 ............1,441,700 ............5,545,000 ............5,245,243 .......................... ...........149,953 ............................ .......................... ..........5.339 ..........4.240 FA...... .............70,205 ...........256,387 07/20/2006. 08/03/2012.<br />
P8055K VW 2 ARGENTINE REPUBLIC SER VII BD................................................. ....... F ........... .4FE ..........15,742,569 ........33.150 ............5,469,750 ..........16,500,000 ..........15,915,890 .......................... .............99,078 ............................ .......................... ..........7.000 ..........7.916 MS..... ...........349,708 ........1,150,958 03/15/2007. 09/12/2013.<br />
P8055K WB 7 ARGENTINE REPUBLIC 7% SECS SER........................................... ....... F ........... .4FE ............8,185,986 ........36.150 ............3,253,500 ............9,000,000 ............8,281,846 .......................... .............58,059 ............................ .......................... ..........7.000 ..........8.352 AO...... ...........129,500 ...........627,795 04/16/2007. 04/17/2017.<br />
N0431# AF 7 ARUBA SER D SR NTS...................................................................... ....... F ........... ......2 ............5,022,352 ........92.000 ............4,600,000 ............5,000,000 ............5,017,712 .......................... ..............(3,997) ............................ .......................... ..........6.190 ..........6.271 AO...... .............52,443 ...........309,500 09/20/2007. 10/30/2012.<br />
10575R AA 2 BRAZIL DEV FDG CORP SECD SER 1............................................. ....... .. ........... .1FE ..........27,395,625 ......111.500 ..........31,220,000 ..........28,000,000 ..........27,753,433 .......................... .............68,752 ............................ .......................... ..........9.625 ..........9.976 JD...... ...........142,236 ........2,695,000 12/05/2001. 12/12/2011.<br />
G1980# AA 9 CAYMAN ISLAND GOVT NT.............................................................. ....... F ........... ......1 ..........22,166,668 ......111.175 ..........24,643,793 ..........22,166,668 ..........22,166,668 .......................... .......................... ............................ .......................... ..........5.300 ..........5.300 AO...... ...........270,864 ........1,174,833 04/08/2003. 04/08/2018.<br />
168863 AP 3 CHILE REPUBLIC NT......................................................................... LS... .. ........... .1FE ............9,950,047 ......112.560 ..........11,256,000 ..........10,000,000 ............9,980,810 .......................... ...............5,479 ............................ .......................... ..........7.125 ..........7.191 JJ....... ...........336,458 ...........712,500 10/11/2001. 01/11/2012.<br />
219868 AN 6 CORPORACION ANDINA DE FOMENTO......................................... ....... .. ........... .1FE ..........51,735,625 ........96.742 ..........49,628,646 ..........51,300,000 ..........51,502,799 .......................... ............(56,136) ............................ .......................... ..........6.875 ..........6.734 MS..... ........1,038,469 ........3,526,875 11/01/2006. 03/15/2012.<br />
219868 AQ 9 CORPORACION ANDINA DE FOMENTO......................................... ....... .. ........... .1FE ............7,966,778 ........89.054 ............7,124,320 ............8,000,000 ............7,983,248 .......................... ...............3,310 ............................ .......................... ..........5.200 ..........5.254 MN..... .............46,222 ...........416,000 05/14/2003. 05/21/2013.<br />
219868 BL 9 CORPORACION ANDINA DE FOMENTO......................................... ....... .. ........... .1FE ..........24,873,730 ........83.629 ..........20,907,250 ..........25,000,000 ..........24,893,098 .......................... .............10,182 ............................ .......................... ..........5.750 ..........5.817 JJ....... ...........674,826 ........1,437,500 01/23/2007. 01/12/2017.<br />
P3579E AC 1 DOMINICAN REPUBLIC REG S BD................................................... ....... .. .........2 .4FE ............2,359,669 ........81.500 ............1,775,747 ............2,178,831 ............2,223,499 .......................... ............(54,380) ............................ .......................... ..........9.500 ..........7.111 MS..... .............54,047 ...........216,550 10/31/2005. 09/27/2011.<br />
P3579E AD 9 DOMINICAN REPUBLIC REG S BD................................................... ....... .. .........2 .4FE ............6,061,295 ........64.500 ............3,560,533 ............5,520,207 ............5,835,570 .......................... ............(75,967) ............................ .......................... ..........9.040 ..........7.179 JJ....... ...........219,017 ...........509,834 09/14/2005. 01/23/2018.
E10.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
P01012 AN 6 EL SALVADOR REP REG S BD......................................................... ....... .. ........... .3FE ............2,800,030 ........62.984 ............1,806,381 ............2,868,000 ............2,801,730 .......................... ..................726 ............................ .......................... ..........7.650 ..........7.857 JD...... ...............9,751 ...........219,402 07/13/2006. 06/15/2035.<br />
455780 AX 4 INDONESIA REP 144A BD................................................................. ....... .. ........... .3FE ..........13,708,531 ........73.000 ..........10,128,750 ..........13,875,000 ..........13,711,859 .......................... ...............1,921 ............................ .......................... ..........6.625 ..........6.718 FA...... ...........342,154 ...........919,219 04/12/2007. 02/17/2037.<br />
46513E HJ 4 ISRAEL STATE BD............................................................................. ....... .. ........... .1FE ..........22,885,280 ......104.476 ..........24,029,480 ..........23,000,000 ..........22,933,395 .......................... .............10,968 ............................ .......................... ..........5.125 ..........5.190 MS..... ...........392,917 ........1,178,750 02/27/2004. 03/01/2014.<br />
470160 AV 4 JAMAICA GOVT AMORTIZING NT.................................................... LS... .. ........... .4FE ..........12,998,430 ........56.000 ............7,280,000 ..........13,000,000 ..........12,998,449 .......................... .....................(3) ............................ .......................... ..........8.000 ..........8.001 MS..... ...........306,222 ........1,040,000 04/04/2007. 03/15/2039.<br />
50064F AE 4 KOREA REP BD.................................................................................. ....... .. ........... .1FE ..........19,726,200 ........89.359 ..........17,871,800 ..........20,000,000 ..........19,751,716 .......................... ...............8,571 ............................ .......................... ..........5.625 ..........5.741 MN..... ...........184,375 ........1,125,000 10/26/2005. 11/03/2025.<br />
560904 AF 1 MALAYSIA NT..................................................................................... LS... .. ........... .1FE ............9,113,850 ......108.415 ............8,673,200 ............8,000,000 ............8,381,472 .......................... ..........(136,330) ............................ .......................... ..........7.500 ..........5.463 JJ....... ...........276,667 ...........600,000 10/10/2002. 07/15/2011.<br />
637193 BA 0 NATIONAL POWER CORP GTD BD.................................................. ....... F ........... .4FE ............1,693,740 ........81.000 ............1,620,000 ............2,000,000 ............1,713,959 .......................... ...............3,926 ............................ .......................... ..........9.625 ........11.477 MN..... .............24,597 ...........192,500 09/21/1999. 05/15/2028.<br />
698299 AQ 7 PANAMA (REPUBLIC OF) GLOBAL BD............................................ ....... .. ........... .3FE ............3,960,000 ......108.500 ............4,340,000 ............4,000,000 ............3,981,894 .......................... ...............4,091 ............................ .......................... ..........9.375 ..........9.528 JJ....... ...........164,583 ...........375,000 01/14/2002. 07/23/2012.<br />
698299 AW 4 PANAMA REP OF BD......................................................................... LS... .. ........... .3FE ..........10,854,375 ........90.000 ............9,450,000 ..........10,500,000 ..........10,845,892 .......................... ..............(4,975) ............................ .......................... ..........6.700 ..........6.439 JJ....... ...........302,896 ...........703,500 03/22/2007. 01/26/2036.<br />
712219 AC 8 PEOPLES REPUBLIC OF CHINA DB................................................ ....... .. ........... .1FE ..........17,309,783 ......130.000 ..........22,711,000 ..........17,470,000 ..........17,309,830 .......................... ......................6 ............................ .......................... ..........9.000 ..........9.082 JJ....... ...........725,005 ........1,572,300 09/24/1996. 01/15/2096.<br />
715638 AQ 5 PERU REPUBLIC OF GLBL BD......................................................... LS... .. ........... .2FE ............4,230,000 ......107.750 ............4,310,000 ............4,000,000 ............4,168,574 .......................... ............(16,607) ............................ .......................... ..........8.375 ..........7.615 MN..... .............53,972 ...........335,000 11/03/2004. 05/03/2016.<br />
715638 AU 6 PERU REPUBLIC US$ GLBL BD....................................................... LS... .. ........... .2FE ............8,207,500 ........89.250 ............7,140,000 ............8,000,000 ............8,203,067 .......................... ..............(2,546) ............................ .......................... ..........6.550 ..........6.355 MS..... ...........155,744 ...........524,000 03/20/2007. 03/14/2037.<br />
718286 AU 1 PHILIPPINES (REP OF) GLBL NT..................................................... ....... .. ........... .3FE ............6,830,625 ......104.000 ............6,760,000 ............6,500,000 ............6,739,016 .......................... ............(37,971) ............................ .......................... ..........8.250 ..........7.361 JJ....... ...........247,271 ...........536,250 06/29/2006. 01/15/2014.<br />
718286 BD 8 PHILIPPINES REP GLBL BD.............................................................. LS... .. ........... .3FE ..........10,764,820 ........95.000 ..........10,450,000 ..........11,000,000 ..........10,772,688 .......................... ...............4,153 ............................ .......................... ..........6.378 ..........6.553 JJ....... ...........323,506 ...........701,250 01/09/2007. 01/15/2032.<br />
M81805 AD 1 QATAR STATE REG S NT................................................................. ....... F ........... .1FE ..........14,450,000 ......129.520 ..........12,952,000 ..........10,000,000 ..........14,109,353 .......................... ............(89,365) ............................ .......................... ..........9.750 ..........6.246 JD...... .............43,333 ...........975,000 10/15/2004. 06/15/2030.<br />
P04981 CE 7 REP OF ARGENTINA BEARER FLT RT............................................ ....... F .........3 ......6 .................17,696 ........32.000 ...............169,660 ...............530,187 .................20,369 .......................... .......................... ............................ .......................... ..........3.375 ........38.053 AO...... .......................... .......................... 04/26/2007. 03/31/2005.<br />
718286 AK 3 REP OF PHILIPPINES SR NTS.......................................................... LS... .. ........... .3FE ............3,891,617 ......110.000 ............4,400,000 ............4,000,000 ............3,913,663 .......................... ...............4,759 ............................ .......................... ..........9.875 ........10.221 JJ....... ...........182,139 ...........395,000 07/31/2002. 01/15/2019.<br />
731011 AM 4 REP OF POLAND 6.25 7/3/12............................................................. ....... .. ........... .1FE ..........10,722,540 ......103.639 ..........10,882,095 ..........10,500,000 ..........10,593,151 .......................... ............(23,589) ............................ .......................... ..........6.250 ..........5.963 JJ....... ...........324,479 ...........656,250 09/05/2002. 07/03/2012.<br />
168863 AS 7 REPUBLIC OF CHILE GLBL NT......................................................... ....... .. ........... .1FE ..........18,298,342 ......109.180 ..........20,198,300 ..........18,500,000 ..........18,404,331 .......................... .............20,520 ............................ .......................... ..........5.500 ..........5.644 JJ....... ...........469,181 ........1,017,500 01/31/2003. 01/15/2013.<br />
195325 AY 1 REPUBLIC OF COLOMBIA GLBL BD................................................ LS... .. ........... .3FE ............2,782,255 ......111.750 ............3,352,500 ............3,000,000 ............2,901,295 .......................... .............25,659 ............................ .......................... ........10.000 ........11.289 JJ....... ...........131,667 ...........300,000 02/27/2002. 01/23/2012.<br />
195325 AZ 8 REPUBLIC OF COLOMBIA GLBL BD................................................ LS... .. ........... .3FE ............2,833,713 ......108.650 ............3,434,427 ............3,161,000 ............3,071,816 .......................... .............50,085 ............................ .......................... ........10.500 ........12.591 JJ....... ...........158,577 ...........331,905 07/09/2002. 07/09/2010.<br />
760942 AS 1 REPUBLICA ORIENTAL DEL URAGUAY.......................................... ....... .. ........... .3FE ............3,305,029 ........84.000 ............2,742,600 ............3,265,000 ............3,304,106 .......................... .................(443) ............................ .......................... ..........7.625 ..........7.521 MS..... .............70,538 ...........248,956 10/19/2006. 03/21/2036.<br />
X74344 DM 5 RUSSIAN FEDERATION SER REG S S............................................ ....... F .........3 .2FE ............1,304,577 ........87.065 ............1,663,812 ............1,911,000 ............1,488,650 .......................... ...............5,646 ............................ .......................... ..........7.500 ..........7.843 MS..... .............36,229 ...........143,325 06/20/2002. 03/31/2030.<br />
78307A CY 7 RUSSIAN FEDERATION 144A BD..................................................... ....... .. ........... .2FE ......................591 ......103.500 ...................6,095 ...................5,889 ......................630 .......................... .......................... ............................ .......................... ..........8.250 ........21.891 MS..... .......................... ..................486 08/25/2000. 03/31/2010.<br />
836205 AJ 3 SOUTH AFRICA REPUBLIC OF GLBL.............................................. LS... .. ........... .2FE ............9,942,510 ........94.500 ............9,450,000 ..........10,000,000 ............9,964,256 .......................... ...............5,322 ............................ .......................... ..........6.500 ..........6.579 JD...... .............52,361 ...........650,000 06/02/2004. 06/02/2014.<br />
900123 AY 6 TURKEY (REP OF) GLBL NT............................................................. ....... .. ........... .3FE ...............306,963 ........83.000 ...............269,750 ...............325,000 ...............307,335 .......................... ..................201 ............................ .......................... ..........6.875 ..........7.338 MS..... ...............6,455 .............22,344 01/30/2007. 03/17/2036.<br />
900123 AL 4 TURKEY (REP OF) SR BD................................................................. LS... .. ........... .3FE ............1,461,861 ......143.000 ............2,502,500 ............1,750,000 ............1,470,815 .......................... ...............2,087 ............................ .......................... ........11.875 ........14.281 JJ....... .............95,825 ...........207,813 07/05/2002. 01/15/2030.<br />
91086Q AF 5 UNITED MEXICAN STATES GLOBAL S............................................ ....... .. ........... .2FE ............3,169,026 ......108.000 ............3,240,000 ............3,000,000 ............3,053,469 .......................... ............(23,461) ............................ .......................... ..........8.375 ..........7.416 JJ....... ...........116,552 ...........251,250 07/17/2002. 01/14/2011.<br />
0499999. All Other Governments - Issuer Obligations.............................................................................................. ........405,390,353 ....XXX....... ........377,600,600 ........407,029,732 ........405,488,222 ......................0 ...........117,086 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........8,596,651 ......28,317,683 .....XXX....... .....XXX.......<br />
All Other Governments - Defined Multi-Class Residential Mortgage-Backed Securities<br />
N0431# AG 5 ARUBA SER E SR NT......................................................................... ....... F ........... ......2 ..........18,000,000 ......114.410 ..........20,593,800 ..........18,000,000 ..........18,000,000 .......................... .......................... ............................ .......................... ..........6.710 ..........6.710 AO...... ...........254,980 ........1,207,800 10/15/2003. 10/15/2013.<br />
0699999. All Other Gov't - Defined Multi-Class Residential Mortgage-Backed Securities....................................... ..........18,000,000 ....XXX....... ..........20,593,800 ..........18,000,000 ..........18,000,000 ......................0 ......................0 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ...........254,980 ........1,207,800 .....XXX....... .....XXX.......<br />
1099999. Total - All Other Governments................................................................................................................... ........423,390,353 ....XXX....... ........398,194,400 ........425,029,732 ........423,488,222 ......................0 ...........117,086 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........8,851,631 ......29,525,483 .....XXX....... .....XXX.......<br />
States, Territories & Possessions (Direct and Guaranteed) - Issuer Obligations<br />
13063A 3P 7 CALIFORNIA ST REV ANTIC SER A................................................. ....... .. ........... .1FE .................45,363 ......100.757 .................45,341 .................45,000 .................45,262 .......................... .................(101) ............................ .......................... ..........5.500 ..........4.243 J......... ..................473 .......................... 10/17/2008. 06/22/2009.<br />
642866 DT 1 NEW BRUNSWICK (PROV OF) GBL NT........................................... LS... .. ........... .1FE ............5,653,265 ......117.972 ............6,488,460 ............5,500,000 ............5,556,790 .......................... ............(11,512) ............................ .......................... ..........7.625 ..........7.328 FA...... ...........158,431 ...........419,375 10/18/1996. 02/15/2013.<br />
642866 DV 6 NEW BRUNSWICK PROV DEBS....................................................... ....... I. ........... .1FE ............5,000,000 ......115.805 ............5,790,250 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.750 ..........6.750 FA...... ...........127,500 ...........337,500 10/29/1993. 08/15/2013.<br />
669827 DH 7 NOVA SCOTIA (PROV OF) DEB (1 P................................................ ....... .. ........... .1FE ............2,002,480 ......143.157 ............2,863,140 ............2,000,000 ............2,001,474 .......................... ...................(81) ............................ .......................... ..........8.250 ..........8.238 MN..... .............21,083 ...........165,000 04/24/1992. 11/15/2019.<br />
669827 DM 6 NOVA SCOTIA (PROV OF) NT.......................................................... ....... .. ........... .1FE ............1,129,260 ......154.809 ............1,548,090 ............1,000,000 ............1,093,987 .......................... ..............(4,000) ............................ .......................... ..........8.750 ..........7.611 AO...... .............21,875 .............87,500 06/01/1995. 04/01/2022.<br />
669827 DQ 7 NOVA SCOTIA (PROV OF) NT.......................................................... ....... I. ........... .1FE ............2,908,530 ......118.461 ............3,553,830 ............3,000,000 ............2,964,607 .......................... ...............6,262 ............................ .......................... ..........7.250 ..........7.560 JJ....... .............93,042 ...........217,500 06/01/1995. 07/27/2013.<br />
C76312 BF 0 QUEBEC (PROV OF) EUROBONDS................................................. ....... .. ........... .1FE ............4,651,160 ......134.436 ............5,377,440 ............4,000,000 ............4,332,619 .......................... ............(33,685) ............................ .......................... ..........9.000 ..........7.471 A........ ...........270,000 ...........360,000 02/10/1994. 04/01/2016.<br />
803854 FA 1 SASKATCHEWAN (PROV OF) DB.................................................... LS... I. ........... .1FE ............3,097,860 ......159.479 ............4,784,370 ............3,000,000 ............3,071,777 .......................... ..............(2,814) ............................ .......................... ..........8.500 ..........8.204 JJ....... ...........117,583 ...........255,000 02/02/1993. 07/15/2022.<br />
803854 ET 1 SASKATCHEWAN (PROV OF) DEBS............................................... ....... .. ........... .1FE ............1,064,050 ......162.809 ............1,628,090 ............1,000,000 ............1,044,990 .......................... ..............(2,068) ............................ .......................... ..........9.375 ..........8.760 JD...... ...............4,167 .............93,750 06/16/1992. 12/15/2020.<br />
1199999. States, Territories & Possessions - Issuer Obligations.................................................... ..........25,551,968 ....XXX....... ..........32,079,011 ..........24,545,000 ..........25,111,506 ......................0 ............(47,999) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ...........814,154 ........1,935,625 .....XXX....... .....XXX.......<br />
1799999. Total - States, Territories & Possessions (Direct and Guaranteed).......................................................... ..........25,551,968 ....XXX....... ..........32,079,011 ..........24,545,000 ..........25,111,506 ......................0 ............(47,999) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ...........814,154 ........1,935,625 .....XXX....... .....XXX.......<br />
Political Subdivisions of States, Territories & Possessions (Direct and Guaranteed) - Issuer Obligations<br />
20281P BB 7 COMMONWEALTH FING AUTH PA REV.......................................... ....... .. ........... .1FE ............2,616,176 ........96.750 ............2,515,500 ............2,600,000 ............2,614,791 .......................... .................(671) ............................ .......................... ..........5.631 ..........5.572 JD...... .............12,201 ...........146,406 11/01/2006. 06/01/2023.<br />
261149 AB 4 DOWNTOWN DALLAS DEV AUT TEX TX......................................... ....... .. ........... .1FE ...............704,513 ........85.960 ...............803,726 ...............935,000 ...............814,407 .......................... .............41,734 ............................ .......................... ................... ..........5.330 NONE .......................... .......................... 03/10/2006. 08/15/2011.<br />
261149 AC 2 DOWNTOWN DALLAS DEV AUT TEX TX......................................... ....... .. ........... .1FE ...............642,195 ........81.770 ...............735,930 ...............900,000 ...............742,965 .......................... .............38,278 ............................ .......................... ................... ..........5.360 NONE .......................... .......................... 03/10/2006. 08/15/2012.<br />
452151 KY 8 ILLINOIS STATE GEN OBLIGATIONS............................................... ....... .. ........... .1FE ............1,497,495 ......100.617 ............1,509,255 ............1,500,000 ............1,499,160 .......................... ..................327 ............................ .......................... ..........3.550 ..........3.574 JD...... ...............4,438 .............53,250 06/05/2003. 06/01/2011.<br />
54438E GR 3 LA CALIF CMNTY REDEV AGY BUNKE........................................... ....... .. .........1 .1FE ............4,000,000 ......103.597 ............4,143,880 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........5.830 ..........5.830 JD...... .............19,433 ...........233,200 04/22/2004. 12/01/2017.<br />
519258 AM 9 LAURENTIAN ENRG AUTH MN COGEN........................................... ....... .. ........... .2FE ...............605,000 ........99.443 ...............601,630 ...............605,000 ...............605,000 .......................... .......................... ............................ .......................... ..........6.290 ..........6.289 JD...... ...............3,171 .............38,055 10/21/2005. 12/01/2011.<br />
56913R CE 6 MARION CNTY ORE PENSION OBLIG............................................. ....... .. ........... .1FE ............1,850,000 ......105.952 ............1,960,112 ............1,850,000 ............1,850,000 .......................... .......................... ............................ .......................... ..........6.900 ..........6.899 JD...... .............10,638 ...........127,650 03/21/2002. 06/01/2028.
E10.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
592646 HN 6 METROPOLITAN WASHINGTON DC AIR......................................... ....... .. ........... .1FE ............2,000,000 ......102.100 ............2,042,000 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........4.860 ..........4.860 AO...... .............24,300 .............97,200 09/11/2003. 10/01/2011.<br />
603823 ZZ 1 MINN & ST PAUL AIRPORT TAXABLE............................................. ....... .. .........1 .1FE ............4,988,850 ......108.693 ............5,434,650 ............5,000,000 ............4,991,112 .......................... ..................413 ............................ .......................... ..........6.850 ..........6.871 JJ....... ...........171,250 ...........342,500 01/09/2002. 01/01/2022.<br />
605279 CS 5 MISSISSIPPI BUS FIN CORP IRB (................................................... ....... .. ........... .2FE ..........11,113,080 ......102.000 ..........12,240,000 ..........12,000,000 ..........11,268,509 .......................... .............22,543 ............................ .......................... ..........7.810 ..........8.530 MN..... ...........156,200 ...........937,200 08/06/1999. 05/01/2024.<br />
64966C RX 1 NEW YORK NY SER C TAXABLE MUNI........................................... ....... .. ........... .1FE ............3,500,000 ......101.133 ............3,539,655 ............3,500,000 ............3,500,000 .......................... .......................... ............................ .......................... ..........4.150 ..........4.150 MS..... .............42,768 ...........145,250 09/15/2003. 09/15/2009.<br />
645918 BU 6 NJ ECON DEV AUTH REV TXBL BUS.............................................. ....... .. ........... .1FE ...............720,000 ......101.623 ...............731,686 ...............720,000 ...............720,000 .......................... .......................... ............................ .......................... ..........5.178 ..........5.178 MN..... ...............6,214 .............37,282 10/19/2005. 11/01/2015.<br />
649870 FJ 6 NY ST HSG FIN AGY ST PERS INC.................................................. ....... .. ........... .1FE ............1,990,700 ......101.620 ............2,032,400 ............2,000,000 ............1,993,272 .......................... ...............1,225 ............................ .......................... ..........5.210 ..........5.291 MS..... .............30,681 ...........104,200 11/01/2006. 09/15/2013.<br />
68583R AF 9 OREGON CMNTY COLLEGE DISTS TXB......................................... ....... .. ........... .1FE ............2,362,980 ........98.555 ............2,956,650 ............3,000,000 ............2,938,727 .......................... ...........118,818 ............................ .......................... ................... ..........4.168 NONE .......................... .......................... 09/15/2003. 06/30/2009.<br />
686053 AG 4 OREGON SCH BRDS ASSN TAX PENS........................................... ....... .. ........... .1FE ...............769,929 ........98.555 ...............985,550 ............1,000,000 ...............979,144 .......................... .............40,417 ............................ .......................... ................... ..........4.259 NONE .......................... .......................... 10/11/2002. 06/30/2009.<br />
720175 ST 6 PIEDMONT MUNI PWR AGY SC EL RV............................................ ....... .. ........... .2FE ............2,500,000 ......102.747 ............2,568,675 ............2,500,000 ............2,500,000 .......................... .......................... ............................ .......................... ..........5.100 ..........5.099 JJ....... .............63,750 ...........127,500 07/22/2004. 01/01/2013.<br />
720175 SU 3 PIEDMONT MUNI PWR AGY SC EL RV............................................ ....... .. ........... .2FE ............5,990,820 ......102.643 ............6,158,580 ............6,000,000 ............5,994,560 .......................... ..................929 ............................ .......................... ..........5.200 ..........5.220 JJ....... ...........156,000 ...........312,000 07/22/2004. 01/01/2014.<br />
725303 AE 1 PITTS PA URB RDV AUTH TX INCR................................................. ....... .. .........1 .1FE ............3,865,000 ........99.504 ............3,845,830 ............3,865,000 ............3,865,000 .......................... .......................... ............................ .......................... ..........5.880 ..........5.879 JD...... .............18,939 ...........227,262 09/27/2006. 12/01/2025.<br />
736742 QH 3 PORTLAND OR SWR SYS REV REF 1S........................................... ....... .. ........... .1FE .................16,294 ......109.364 .................16,405 .................15,000 .................16,220 .......................... ...................(74) ............................ .......................... ..........5.000 ..........3.960 JD...... ....................33 ..................496 04/04/2008. 06/15/2018.<br />
743787 L3 5 PROVIDENCE RI SER B GOB MUNI B............................................. ....... .. ........... .1FE ............1,500,000 ......107.349 ............1,610,235 ............1,500,000 ............1,500,000 .......................... .......................... ............................ .......................... ..........6.740 ..........6.739 JJ....... .............46,618 ...........101,100 11/29/2001. 01/15/2021.<br />
743787 L4 3 PROVIDENCE RI SER B GOB MUNI B............................................. ....... .. ........... .1FE ............1,430,000 ......105.144 ............1,503,559 ............1,430,000 ............1,430,000 .......................... .......................... ............................ .......................... ..........6.840 ..........6.839 JJ....... .............45,102 .............97,812 11/29/2001. 01/15/2026.<br />
745291 RL 0 PUERTO RICAN PUB FIN CORP COMW.......................................... ....... .. .........1 .2FE ............1,081,790 ......104.545 ............1,045,450 ............1,000,000 ............1,051,345 .......................... ............(10,007) ............................ .......................... ..........5.250 ..........4.676 FA...... .............21,875 .............52,500 10/24/2005. 08/01/2029.<br />
745145 VZ 2 PUERTO RICO COMMONWEALTH GO UN...................................... ....... .. ........... .2FE ............1,290,936 ......103.515 ............1,242,180 ............1,200,000 ............1,232,597 .......................... ............(20,799) ............................ .......................... ..........5.250 ..........3.380 JJ....... .............31,500 .............63,000 02/03/2006. 07/01/2010.<br />
745190 H7 6 PUERTO RICO COMWLTH HWY & TRAN........................................ ....... .. .........1 .2FE ...................9,673 ........70.730 ...................7,073 .................10,000 ...................9,678 .......................... ......................5 ............................ .......................... ..........5.000 ..........5.215 JJ....... ..................250 ..................250 01/01/2008. 07/01/2038.<br />
745190 J3 3 PUERTO RICO COMWLTH HWY & TRAN........................................ ....... .. .........1 .1FE ...............152,196 ......111.230 ...............172,407 ...............155,000 ...............152,255 .......................... ....................59 ............................ .......................... ..........5.000 ..........5.131 JJ....... ...............3,875 ...............3,875 01/01/2008. 07/01/2032.<br />
745190 J5 8 PUERTO RICO COMWLTH HWY & TRAN........................................ ....... .. .........1 .1FE ...............250,387 ........77.870 ...............198,569 ...............255,000 ...............250,484 .......................... ....................97 ............................ .......................... ..........5.000 ..........5.131 JJ....... ...............6,375 ...............6,375 01/01/2008. 07/01/2032.<br />
745291 MB 7 PUERTO RICO PUB FIN CORP REV B............................................. ....... .. .........1 .1FE ...............857,769 ......108.335 ...............920,848 ...............850,000 ...............853,821 .......................... ..............(1,356) ............................ .......................... ..........5.000 ..........4.941 FA...... .............17,708 .............42,500 10/30/2001. 08/01/2031.<br />
854489 AR 2 STANISLAUS CNTY CALIF PENSION............................................... ....... .. ........... .2FE ............2,040,000 ......109.422 ............2,232,209 ............2,040,000 ............2,040,000 .......................... .......................... ............................ .......................... ..........7.150 ..........7.149 FA...... .............55,094 ...........145,860 09/25/1995. 08/15/2013.<br />
88880L AA 1 TOBACCO SETTLEMENT FIN AUTH W............................................ ....... .. .........2 .2FE ..........27,867,097 ........63.039 ..........17,427,132 ..........27,645,000 ..........27,865,501 .......................... ..............(1,088) ............................ .......................... ..........7.467 ..........7.459 JD...... ...........172,021 ........2,064,252 08/07/2007. 06/01/2047.<br />
977100 AC 0 WISCONSIN ST GEN FUND REVTAXAB.......................................... ....... .. ........... .1FE ............2,492,275 ........92.870 ............2,321,750 ............2,500,000 ............2,494,276 .......................... ..................245 ............................ .......................... ..........5.700 ..........5.726 MN..... .............23,750 ...........142,500 12/10/2003. 05/01/2026.<br />
1899999. Political Subdivisions of States, Territories & Possessions - Issuer Obligations...................................... ..........90,705,155 ....XXX....... ..........83,503,526 ..........92,575,000 ..........91,772,824 ......................0 ...........231,095 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,144,184 ........5,649,475 .....XXX....... .....XXX.......<br />
2499999. Total - Political Subdivisions of States, Territories & Possessions........................................................... ..........90,705,155 ....XXX....... ..........83,503,526 ..........92,575,000 ..........91,772,824 ......................0 ...........231,095 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,144,184 ........5,649,475 .....XXX....... .....XXX.......<br />
Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and <strong>The</strong>ir Political Subdivisions - Issuer Obligations<br />
V05973 BQ 0 AFRICAN DEVELOPMENT BANK ABD E......................................... ....... .. ........... .1FE ............4,475,500 ......136.659 ............6,832,950 ............5,000,000 ............4,603,000 .......................... .............14,301 ............................ .......................... ..........7.375 ..........8.342 A........ ...........271,441 ...........368,750 06/28/1994. 04/06/2023.<br />
008281 AG 2 AFRICAN DEVELOPMENT BANK SUB B......................................... ....... .. ........... .1FE ............1,084,340 ......147.348 ............1,473,480 ............1,000,000 ............1,046,665 .......................... ..............(2,666) ............................ .......................... ..........8.800 ..........7.988 MS..... .............29,333 .............88,000 05/29/1992. 09/01/2019.<br />
15238P AA 4 CENTRAL AMER BK ECONOMIC INTEG......................................... ....... .. ........... .1FE ..........22,050,517 ......112.849 ..........22,898,191 ..........20,291,000 ..........21,195,839 .......................... ..........(182,019) ............................ .......................... ..........6.750 ..........5.566 AO...... ...........289,147 ........1,369,643 01/21/2004. 04/15/2013.<br />
15238R AA 0 CENTRAL AMERI BK ECON INTEGRAT........................................... ....... .. ........... .1FE ............3,200,880 ......112.849 ............3,385,470 ............3,000,000 ............3,102,228 .......................... ............(20,405) ............................ .......................... ..........6.750 ..........5.839 AO...... .............42,750 ...........202,500 07/02/2003. 04/15/2013.<br />
15238P AB 2 CENTRAL AMERICAN BANK ECON INT.......................................... ....... .. ........... .1FE ..........15,512,900 ......103.399 ..........16,337,042 ..........15,800,000 ..........15,658,988 .......................... .............41,476 ............................ .......................... ..........4.875 ..........5.194 JJ....... ...........355,171 ...........770,250 03/29/2005. 01/15/2012.<br />
02R050 62 2 FGLMC 30YR 5% TBA........................................................................ ....... .. ........... ......1 ...............217,822 ......101.875 ...............219,031 ...............215,000 ...............217,822 .......................... .......................... ............................ .......................... ..........5.000 ..........4.909 MON.. ..................328 .......................... 12/11/2008. 02/16/2034.<br />
3128QJ FG 6 FHLMC PL# 1G1067 ARM.................................................................. ....... .. .......23 ......1 ...................6,718 ......101.650 ...................6,859 ...................6,747 ...................6,719 .......................... ......................1 ............................ .......................... ..........5.676 ..........5.720 MON.. ....................64 ..................383 08/22/2007. 07/01/2036.<br />
31340V QY 4 FHLMC PL# 188571 PSTHR............................................................... ....... .. .........2 ......1 ...................9,374 ......101.837 ...................9,103 ...................8,939 ...................9,006 .......................... .................(511) ............................ .......................... ..........8.750 ..........6.755 MON.. ..................130 ..................780 07/26/2007. 05/01/2010.<br />
31353Y 6C 2 FHLMC PL# 543567 PSTHR............................................................... ....... .. .........2 ......1 .................34,889 ......117.816 .................36,467 .................30,952 .................33,888 .......................... .................(665) ............................ .......................... ........11.000 ..........8.688 MON.. ..................567 ...............3,407 07/26/2007. 11/01/2019.<br />
31294K RF 4 FHLMC PL#E01386............................................................................. ....... .. .........2 ......1 ...................7,094 ......103.395 ...................7,425 ...................7,181 ...................7,116 .......................... ....................22 ............................ .......................... ..........5.000 ..........5.209 MON.. ....................30 ..................359 09/19/2007. 06/01/2018.<br />
31290K RZ 4 FHLMC PL#555004 PSTHR................................................................ ....... .. .........2 ......1 ...................1,547 ......102.413 ...................1,521 ...................1,486 ...................1,486 .......................... ...................(76) ............................ .......................... ..........8.000 ..........7.527 MON.. ....................20 ..................133 07/26/2007. 07/01/2011.<br />
31290L D5 3 FHLMC PL#555524............................................................................. ....... .. .........2 ......1 ...................2,974 ......101.612 ...................2,897 ...................2,851 ...................2,851 .......................... .................(147) ............................ .......................... ..........8.000 ..........7.507 MON.. ....................38 ..................259 07/26/2007. 05/01/2011.<br />
3128JR SQ 0 FHLMC PL#847727 ARM.................................................................... ....... .. .......23 ......1 .................52,639 ......101.348 .................52,876 .................52,173 .................52,623 .......................... ...................(18) ............................ .......................... ..........6.342 ..........6.268 MON.. ..................556 ...............3,310 07/26/2007. 02/01/2037.<br />
31414F XM 8 FNMA PL#965184 ARM...................................................................... ....... .. .......23 ......1 ...............135,034 ......101.855 ...............137,453 ...............134,949 ...............135,033 .......................... .....................(1) ............................ .......................... ..........5.163 ..........5.158 MON.. ..................581 ...............1,161 10/02/2008. 09/01/2038.<br />
01F042 62 4 FNMA 30YR 4.5% FEB TBA............................................................... ....... .. ........... ......1 ...............301,478 ......100.906 ...............302,718 ...............300,000 ...............301,478 .......................... .......................... ............................ .......................... ..........4.500 ..........4.470 MON.. ..................413 .......................... 12/11/2008. 02/01/2039.<br />
346668 CV 6 FORSYTH MONT POLLUTION CTL REV.......................................... ....... .. ........... .2FE ............4,100,000 ......100.488 ............4,120,008 ............4,100,000 ............4,100,000 .......................... .......................... ............................ .......................... ..........5.450 ..........5.450 MN..... .............37,242 ...........223,450 04/25/2003. 05/01/2033.<br />
378294 BR 2 GLENDALE AZ PPTY CORP EXCISE T............................................ ....... .. .........1 .1FE ............3,000,000 ........90.354 ............2,710,620 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.580 ..........5.580 JJ....... .............83,700 ...........167,400 05/16/2003. 07/01/2032.<br />
414191 AK 2 HARRIS CNTY TEX INDL DEV CORP............................................... ....... .. 1 3...... .1FE ............8,561,575 ......100.427 ............8,536,295 ............8,500,000 ............8,471,643 .......................... ............(22,507) ............................ .......................... ..........5.683 ..........5.622 JD...... .............40,255 ...........483,055 05/16/2007. 03/01/2023.<br />
45272N BH 7 IMPERIAL CNTY CA PENSION FDG S............................................. ....... .. ........... .2FE ............4,000,000 ........98.461 ............3,938,440 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........5.560 ..........5.560 FA...... .............84,018 ...........222,400 09/06/2002. 08/15/2022.<br />
458182 BS 0 INTER-AMER DEV BK NT (99/04 PU................................................. ....... .. ........... .1FE ............5,314,350 ......104.188 ............5,209,400 ............5,000,000 ............5,018,613 .......................... ............(26,083) ............................ .......................... ..........8.400 ..........7.735 MS..... ...........140,000 ...........420,000 04/08/1992. 09/01/2009.<br />
485428 ZD 1 KANSAS ST DEV FIN AUTH PUB IMP.............................................. ....... .. ........... .1FE ............1,735,000 ......101.507 ............1,761,146 ............1,735,000 ............1,735,000 .......................... .......................... ............................ .......................... ..........4.730 ..........4.730 MS..... .............27,355 .............82,066 08/28/2003. 09/01/2010.<br />
500630 BP 2 KOREA DEVELOPMENT BANK NT................................................... ....... .. ........... .1FE .................15,093 ........90.890 .................13,634 .................15,000 .................15,077 .......................... ...................(16) ............................ .......................... ..........5.300 ..........5.158 JJ....... ..................362 ..................398 01/14/2008. 01/17/2013.<br />
60415N HG 0 MINNESOTA ST HSG FIN AGY SER H............................................. ....... .. ........... .1FE ............3,125,000 ......101.950 ............3,185,938 ............3,125,000 ............3,125,000 .......................... .......................... ............................ .......................... ..........4.930 ..........4.929 JJ....... .............77,031 ...........154,063 08/15/2002. 07/01/2012.<br />
645916 ZY 6 NEW JERSEY ECON DEV AUTH REV S.......................................... ....... .. ........... .1FE ............1,000,000 ......102.463 ............1,024,630 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........5.080 ..........5.079 MS..... .............16,933 .............50,800 04/14/2004. 03/01/2013.<br />
650034 C8 2 NY URB DEV CORP RV TXBL PERS I.............................................. ....... .. ........... .1FE ..........12,085,000 ......103.041 ..........12,452,505 ..........12,085,000 ..........12,085,000 .......................... .......................... ............................ .......................... ..........4.850 ..........4.849 JD...... .............26,050 ...........586,123 02/13/2003. 12/15/2013.<br />
68607V HB 4 OREGON ST ADMIN SVCS LOTTERY R.......................................... ....... .. ........... .1FE ............1,498,470 ......106.761 ............1,601,415 ............1,500,000 ............1,498,927 .......................... ....................82 ............................ .......................... ..........6.650 ..........6.660 AO...... .............24,938 .............99,750 04/04/2002. 04/01/2018.<br />
79771P UB 9 SF CA CITY & CNTY RDV FING AUT................................................ ....... .. ........... .1FE ............1,000,000 ......101.572 ............1,015,720 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........4.880 ..........4.879 FA...... .............20,333 .............48,800 02/12/2003. 08/01/2013.
E10.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
914650 AA 4 UNIV & COMM COLLEGE SYS NEVADA.......................................... ....... .. .........2 .1FE ............5,530,000 ......103.000 ............5,695,900 ............5,530,000 ............5,530,000 .......................... .......................... ............................ .......................... ..........7.580 ..........7.580 MN..... .............53,561 ...........419,174 06/11/2002. 05/15/2023.<br />
95648X AN 5 WEST VA ECON DEV AUTH EXCESS L........................................... ....... .. .........2 .1FE ............2,570,950 ......100.420 ............2,510,500 ............2,500,000 ............2,559,863 .......................... ..............(2,513) ............................ .......................... ..........6.070 ..........5.842 JJ....... .............75,875 ...........151,750 01/15/2004. 07/01/2026.<br />
95648X AM 7 WEST VA ECON DEV AUTH EXS LOTT........................................... ....... .. .........2 .1FE ............5,000,000 ........93.535 ............4,676,750 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.370 ..........5.370 JJ....... ...........134,250 ...........268,500 01/14/2004. 07/01/2020.<br />
2599999. Special Revenue & Assessment Obligations - Issuer Obligations............................................................ ........105,629,144 ....XXX....... ........110,156,384 ........103,941,278 ........104,513,865 ......................0 ..........(201,745) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,832,472 ........6,186,664 .....XXX....... .....XXX.......<br />
Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and <strong>The</strong>ir Political Subdivisions - Single Class Mortgage-Backed/Asset-Backed Securities<br />
31280F E8 1 FHLMC FCGI E61059........................................................................ ....... .. .........2 ......1 ...................1,391 ......103.405 ...................1,417 ...................1,370 ...................1,392 .......................... .....................(9) ............................ .......................... ..........7.500 ..........9.796 MON.. ......................9 ..................103 08/31/1995. 08/01/2010.<br />
31292G AX 4 FHLMC FG C00022............................................................................. ....... .. .........2 ......1 .................11,778 ......110.075 .................13,022 .................11,830 .................11,790 .......................... ....................20 ............................ .......................... ..........9.000 ..........9.154 MON.. ....................89 ...............1,065 01/24/1991. 02/01/2021.<br />
312965 QB 5 FHLMC FGCI B13150......................................................................... ....... .. .........2 ......1 ............7,565,656 ......102.371 ............7,822,462 ............7,641,287 ............7,598,112 .......................... .............11,116 ............................ .......................... ..........4.000 ..........4.162 MON.. .............25,471 ...........305,651 03/29/2004. 03/01/2019.<br />
31294J QK 7 FHLMC FGCI E00458......................................................................... ....... .. .........2 ......1 ...................2,483 ......104.175 ...................2,513 ...................2,412 ...................2,435 .......................... ...................(27) ............................ .......................... ..........7.500 ..........6.592 MON.. ....................15 ..................181 08/06/1997. 11/01/2011.<br />
31335K GJ 9 FHLMC FGCI E20201......................................................................... ....... .. .........2 ......1 .................32,721 ......103.405 .................32,973 .................31,887 .................32,040 .......................... .................(242) ............................ .......................... ..........7.500 ..........6.798 MON.. ..................199 ...............2,392 10/13/1995. 10/01/2010.<br />
31280F JR 4 FHLMC FGCI E61172......................................................................... ....... .. .........2 ......1 ...................1,298 ......103.405 ...................1,327 ...................1,283 ...................1,286 .......................... .....................(4) ............................ .......................... ..........7.500 ..........7.194 MON.. ......................8 ....................96 08/31/1995. 09/01/2010.<br />
31280F LT 7 FHLMC FGCI E61238......................................................................... ....... .. .........2 ......1 ...................3,511 ......103.405 ...................3,591 ...................3,472 ...................3,479 .......................... ...................(13) ............................ .......................... ..........7.500 ..........7.175 MON.. ....................22 ..................260 08/31/1995. 09/01/2010.<br />
31280F QW 5 FHLMC FGCI E61369......................................................................... ....... .. .........2 ......1 ...................2,927 ......103.405 ...................2,992 ...................2,894 ...................2,899 .......................... ...................(18) ............................ .......................... ..........7.500 ..........7.215 MON.. ....................18 ..................217 08/31/1995. 10/01/2010.<br />
31280F R9 5 FHLMC FGCI E61412......................................................................... ....... .. .........2 ......1 ...................3,450 ......103.405 ...................3,522 ...................3,406 ...................3,413 .......................... ...................(15) ............................ .......................... ..........7.500 ..........7.179 MON.. ....................21 ..................255 08/31/1995. 09/01/2010.<br />
31280F XX 5 FHLMC FGCI E61594......................................................................... ....... .. .........2 ......1 ...................3,033 ......103.405 ...................3,046 ...................2,945 ...................2,961 .......................... ...................(75) ............................ .......................... ..........7.500 ..........6.747 MON.. ....................18 ..................221 10/13/1995. 10/01/2010.<br />
31280M QJ 9 FHLMC FGCI E66757......................................................................... ....... .. .........2 ......1 ...................5,896 ......104.094 ...................5,975 ...................5,740 ...................5,791 .......................... ...................(44) ............................ .......................... ..........7.500 ..........6.764 MON.. ....................36 ..................430 08/06/1997. 04/01/2012.<br />
31280N BW 4 FHLMC FGCI E67253......................................................................... ....... .. .........2 ......1 ...................8,636 ......104.368 ...................8,796 ...................8,428 ...................8,468 .......................... ...................(51) ............................ .......................... ..........7.500 ..........6.641 MON.. ....................53 ..................632 08/06/1997. 07/01/2012.<br />
31280N KT 1 FHLMC FGCI E67506......................................................................... ....... .. .........2 ......1 .................24,845 ......104.368 .................25,261 .................24,204 .................24,283 .......................... .................(175) ............................ .......................... ..........7.500 ..........6.534 MON.. ..................151 ...............1,815 08/06/1997. 08/01/2012.<br />
31295V 4V 9 FHLMC FGLMC A00836..................................................................... ....... .. .........2 ......1 ...................2,636 ......105.589 ...................2,669 ...................2,527 ...................2,605 .......................... ...................(31) ............................ .......................... ..........8.000 ..........6.649 MON.. ....................17 ..................202 12/14/1992. 02/01/2020.<br />
31292G ZZ 2 FHLMC FGLMC C00760..................................................................... ....... .. .........2 ......1 ...............206,996 ......104.656 ...............219,117 ...............209,369 ...............207,408 .......................... ..................446 ............................ .......................... ..........6.500 ..........6.753 MON.. ...............1,134 .............13,609 05/06/1999. 05/01/2029.<br />
31292G 2S 4 FHLMC FGLMC C00785..................................................................... ....... .. .........2 ......1 ...............506,163 ......104.656 ...............543,295 ...............519,125 ...............508,591 .......................... ...............2,365 ............................ .......................... ..........6.500 ..........7.057 MON.. ...............2,812 .............33,743 05/17/1999. 06/01/2029.<br />
31292W GN 5 FHLMC FGLMC C12005..................................................................... ....... .. .........2 ......1 ...................2,027 ......103.739 ...................2,128 ...................2,052 ...................2,029 .......................... ......................2 ............................ .......................... ..........6.000 ..........6.282 MON.. ....................10 ..................123 12/18/1998. 07/01/2028.<br />
31292W MP 3 FHLMC FGLMC C12166..................................................................... ....... .. .........2 ......1 ...................8,841 ......103.739 ...................9,331 ...................8,995 ...................8,888 .......................... ....................11 ............................ .......................... ..........6.000 ..........6.316 MON.. ....................45 ..................540 12/18/1998. 07/01/2028.<br />
31292X AB 5 FHLMC FGLMC C12702..................................................................... ....... .. .........2 ......1 ...................6,701 ......103.739 ...................7,073 ...................6,818 ...................6,753 .......................... ....................39 ............................ .......................... ..........6.000 ..........6.247 MON.. ....................34 ..................409 12/18/1998. 07/01/2028.<br />
31293A FK 9 FHLMC FGLMC C14670..................................................................... ....... .. .........2 ......1 ...............126,784 ......105.542 ...............136,111 ...............128,964 ...............126,928 .......................... ....................50 ............................ .......................... ..........7.500 ..........8.020 MON.. ..................806 ...............9,672 08/10/1999. 09/01/2028.<br />
31293B KM 7 FHLMC FGLMC C15700..................................................................... ....... .. .........2 ......1 ...................3,191 ......104.719 ...................3,495 ...................3,337 ...................3,217 .......................... ....................32 ............................ .......................... ..........6.500 ..........7.506 MON.. ....................18 ..................217 06/04/1999. 10/01/2028.<br />
31293C Z8 0 FHLMC FGLMC C17067..................................................................... ....... .. .........2 ......1 .................30,177 ......103.739 .................31,743 .................30,599 .................30,306 .......................... ....................82 ............................ .......................... ..........6.000 ..........6.252 MON.. ..................153 ...............1,836 12/18/1998. 11/01/2028.<br />
31293E AB 6 FHLMC FGLMC C18102..................................................................... ....... .. .........2 ......1 .................24,761 ......103.739 .................26,012 .................25,075 .................24,817 .......................... ....................33 ............................ .......................... ..........6.000 ..........6.267 MON.. ..................125 ...............1,504 12/18/1998. 11/01/2028.<br />
31293E MK 3 FHLMC FGLMC C18462..................................................................... ....... .. .........2 ......1 .................18,538 ......103.739 .................19,543 .................18,839 .................18,635 .......................... ....................75 ............................ .......................... ..........6.000 ..........6.279 MON.. ....................94 ...............1,130 12/18/1998. 12/01/2028.<br />
31293E Y5 3 FHLMC FGLMC C18832..................................................................... ....... .. .........2 ......1 .................25,066 ......103.739 .................26,334 .................25,385 .................25,123 .......................... ....................30 ............................ .......................... ..........6.000 ..........6.266 MON.. ..................127 ...............1,523 12/18/1998. 12/01/2028.<br />
31293E 3E 8 FHLMC FGLMC C18897..................................................................... ....... .. .........2 ......1 ...................9,660 ......103.739 .................10,204 ...................9,836 ...................9,733 .......................... ....................52 ............................ .......................... ..........6.000 ..........6.291 MON.. ....................49 ..................590 12/18/1998. 12/01/2028.<br />
31293F HD 2 FHLMC FGLMC C19228..................................................................... ....... .. .........2 ......1 ...................4,348 ......103.739 ...................4,582 ...................4,416 ...................4,362 .......................... ....................29 ............................ .......................... ..........6.000 ..........6.315 MON.. ....................22 ..................265 12/18/1998. 12/01/2028.<br />
313965 M2 8 FHLMC FGLMC D28477..................................................................... ....... .. .........2 ......1 .................32,903 ......105.814 .................33,499 .................31,658 .................32,256 .......................... ...................(46) ............................ .......................... ..........8.000 ..........7.246 MON.. ..................211 ...............2,533 12/14/1992. 12/01/2022.<br />
313965 PC 3 FHLMC FGLMC D28519..................................................................... ....... .. .........2 ......1 ...................6,907 ......105.758 ...................7,014 ...................6,632 ...................6,682 .......................... .................(168) ............................ .......................... ..........8.000 ..........7.098 MON.. ....................44 ..................531 12/14/1992. 06/01/2019.<br />
3128F4 6F 3 FHLMC FGLMC D65370..................................................................... ....... .. .........2 ......1 ...................2,678 ......104.906 ...................2,996 ...................2,856 ...................2,723 .......................... ....................24 ............................ .......................... ..........6.500 ..........7.873 MON.. ....................15 ..................186 03/08/1996. 11/01/2025.<br />
3128F8 ZH 8 FHLMC FGLMC D68844..................................................................... ....... .. .........2 ......1 ...................1,470 ......104.906 ...................1,628 ...................1,552 ...................1,492 .......................... ....................19 ............................ .......................... ..........6.500 ..........7.701 MON.. ......................8 ..................101 03/08/1996. 03/01/2026.<br />
3128F8 ZP 0 FHLMC FGLMC D68850..................................................................... ....... .. .........2 ......1 .................10,157 ......104.844 .................11,317 .................10,795 .................10,385 .......................... ....................45 ............................ .......................... ..........6.500 ..........7.635 MON.. ....................58 ..................702 03/08/1996. 03/01/2026.<br />
3128F8 5Z 1 FHLMC FGLMC D68964..................................................................... ....... .. .........2 ......1 ...................7,688 ......104.906 ...................8,519 ...................8,120 ...................7,755 .......................... ....................61 ............................ .......................... ..........6.500 ..........7.840 MON.. ....................44 ..................528 03/08/1996. 03/01/2026.<br />
3128F9 A2 6 FHLMC FGLMC D69025..................................................................... ....... .. .........2 ......1 .................24,256 ......104.844 .................26,933 .................25,689 .................24,557 .......................... ..................286 ............................ .......................... ..........6.500 ..........7.863 MON.. ..................139 ...............1,670 03/08/1996. 03/01/2026.<br />
3128F9 ET 3 FHLMC FGLMC D69146..................................................................... ....... .. .........2 ......1 ...................4,000 ......104.906 ...................4,487 ...................4,277 ...................4,110 .......................... ....................92 ............................ .......................... ..........6.500 ..........7.693 MON.. ....................23 ..................278 03/08/1996. 03/01/2026.<br />
3128F9 QR 4 FHLMC FGLMC D69464..................................................................... ....... .. .........2 ......1 .................16,500 ......104.844 .................18,555 .................17,698 .................17,010 .......................... ..................298 ............................ .......................... ..........6.500 ..........7.632 MON.. ....................96 ...............1,151 03/08/1996. 03/01/2026.<br />
31283G F3 6 FHLMC FGLMC G00186..................................................................... ....... .. .........2 ......1 .................32,061 ......103.938 .................33,757 .................32,478 .................32,075 .......................... ....................38 ............................ .......................... ..........6.000 ..........6.365 MON.. ..................162 ...............1,949 12/18/1998. 01/01/2024.<br />
31283G XC 6 FHLMC FGLMC G00675..................................................................... ....... .. .........2 ......1 ...................7,357 ......105.675 ...................7,924 ...................7,498 ...................7,360 .......................... ....................12 ............................ .......................... ..........7.500 ..........8.116 MON.. ....................47 ..................562 08/10/1999. 03/01/2027.<br />
31283H BL 8 FHLMC FGLMC G00943..................................................................... ....... .. .........2 ......1 .................22,161 ......103.739 .................22,899 .................22,074 .................22,143 .......................... ...................(18) ............................ .......................... ..........6.000 ..........5.919 MON.. ..................110 ...............1,324 10/02/1998. 07/01/2028.<br />
31335H BD 4 FHLMC FGTW C90036....................................................................... ....... .. .........2 ......1 ...............146,593 ......103.999 ...............153,202 ...............147,311 ...............147,125 .......................... ..................167 ............................ .......................... ..........6.000 ..........6.079 MON.. ..................737 ...............8,839 09/01/1993. 10/01/2013.<br />
313401 KN 0 FHLMC FH 170048.............................................................................. ....... .. .........2 ......1 ...................1,763 ......102.234 ...................1,888 ...................1,847 ...................1,843 .......................... ..................118 ............................ .......................... ..........8.750 ........10.127 MON.. ....................27 ..................159 08/17/1987. 02/01/2011.<br />
313401 VN 8 FHLMC FH 170186.............................................................................. ....... .. .........2 ......1 .................10,179 ......109.802 .................11,400 .................10,383 .................10,185 .......................... ....................53 ............................ .......................... ..........9.500 ........10.362 MON.. ..................164 ..................985 05/16/1990. 08/01/2016.<br />
313401 VR 9 FHLMC FH 170189.............................................................................. ....... .. .........2 ......1 .................12,555 ......109.888 .................14,069 .................12,803 .................12,563 .......................... ....................46 ............................ .......................... ..........9.500 ........10.343 MON.. ..................203 ...............1,211 05/15/1990. 09/01/2016.<br />
313401 VS 7 FHLMC FH 170190.............................................................................. ....... .. .........2 ......1 .................10,906 ......110.013 .................12,193 .................11,083 .................10,922 .......................... ....................57 ............................ .......................... ..........9.500 ........10.132 MON.. ..................175 ...............1,051 06/04/1990. 09/01/2016.<br />
313401 VT 5 FHLMC FH 170191.............................................................................. ....... .. .........2 ......1 ...................8,877 ......109.650 ...................9,797 ...................8,934 ...................8,874 .......................... ....................19 ............................ .......................... ..........9.500 ..........9.742 MON.. ..................141 ..................846 06/08/1990. 09/01/2016.<br />
31341D M3 5 FHLMC FH 253078.............................................................................. ....... .. .........2 ......1 ...................4,244 ......106.005 ...................4,505 ...................4,250 ...................4,248 .......................... ......................1 ............................ .......................... ..........9.750 ..........9.802 MON.. ....................69 ..................411 05/21/1986. 12/01/2014.<br />
31343C JY 1 FHLMC FH 272079.............................................................................. ....... .. .........2 ......1 ...................5,978 ......107.021 ...................6,695 ...................6,256 ...................6,081 .......................... ....................92 ............................ .......................... ..........9.000 ........10.732 MON.. ....................94 ..................562 07/11/1988. 09/01/2014.<br />
31344J MC 9 FHLMC FH 280355.............................................................................. ....... .. .........2 ......1 .................76,330 ......109.691 .................85,390 .................77,846 .................76,380 .......................... ..................143 ............................ .......................... ..........9.250 ........10.108 MON.. ...............1,200 ...............7,192 06/07/1990. 10/01/2016.<br />
31345B 4E 1 FHLMC FH 300821.............................................................................. ....... .. .........2 ......1 .................26,604 ......104.513 .................28,557 .................27,324 .................26,693 .......................... .................(291) ............................ .......................... ..........9.500 ........10.595 MON.. ..................433 ...............2,593 06/21/1988. 09/01/2017.
E10.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
313401 E3 1 FHLMC FH 360022.............................................................................. ....... .. .........2 ......1 .................10,878 ......110.279 .................12,039 .................10,917 .................10,886 .......................... ....................10 ............................ .......................... ..........9.500 ..........9.642 MON.. ..................173 ...............1,036 07/23/1990. 02/01/2018.<br />
31354A 3X 0 FHLMC FH 544414.............................................................................. ....... .. .........2 ......1 ...................4,986 ......107.858 ...................5,623 ...................5,213 ...................4,993 .......................... ....................17 ............................ .......................... ..........9.000 ........10.900 MON.. ....................78 ..................469 05/30/1990. 06/01/2017.<br />
31288V H4 4 FHLMC FHARM 845651...................................................................... ....... .. .......23 ......1 ...............127,181 ........99.298 ...............125,221 ...............126,106 ...............126,106 .......................... .......................... ............................ .......................... ..........5.956 ..........7.142 MON.. ...............1,258 ...............8,286 12/02/1994. 10/01/2029.<br />
31347D AB 4 FHLMC FHRL30 880002..................................................................... ....... .. .........2 ......1 .................30,205 ......109.940 .................33,693 .................30,647 .................30,210 .......................... ....................22 ............................ .......................... ..........9.500 ..........9.816 MON.. ..................485 ...............2,910 06/28/1990. 01/01/2020.<br />
31292H R7 1 FHLMC GOLD PL # C01410 PSTHR.................................................. ....... .. .........2 ......1 ...............842,031 ......103.395 ...............810,413 ...............783,803 ...............816,679 .......................... ..............(6,230) ............................ .......................... ..........6.000 ..........5.031 MON.. ...............3,919 .............47,028 10/15/2002. 10/01/2032.<br />
31292G XF 8 FHLMC GOLD PL #C00678 PSTHR................................................... ....... .. .........2 ......1 ...............563,127 ......105.250 ...............564,891 ...............536,713 ...............547,100 .......................... ..............(1,993) ............................ .......................... ..........7.000 ..........6.443 MON.. ...............3,131 .............37,570 11/16/1998. 11/01/2028.<br />
3128K2 KR 9 FHLMC GOLD PL# A42104................................................................ RR.. .. .........2 ......1 ..........10,770,882 ......102.489 ..........10,958,214 ..........10,692,088 ..........10,763,326 .......................... ..............(7,733) ............................ .......................... ..........5.500 ..........5.363 MON.. .............49,005 ...........392,043 04/03/2008. 01/01/2036.<br />
3128K7 Y6 9 FHLMC GOLD PL# A47033................................................................ ....... .. .........2 ......1 ............5,049,444 ......102.332 ............5,238,510 ............5,119,132 ............5,055,817 .......................... ...............6,607 ............................ .......................... ..........5.000 ..........5.224 MON.. .............21,330 ...........191,967 02/12/2008. 09/01/2035.<br />
31287M TE 0 FHLMC GOLD PL# C62349 PSTHR................................................... ....... .. .........2 ......1 ............2,775,725 ......104.469 ............2,806,740 ............2,686,673 ............2,736,498 .......................... ..............(8,760) ............................ .......................... ..........6.500 ..........6.022 MON.. .............14,553 ...........174,634 02/05/2002. 01/01/2032.<br />
3128K6 4H 0 FHLMC GOLD PL#A46224................................................................. ....... .. .........2 ......1 ............8,075,396 ......102.332 ............8,377,071 ............8,186,170 ............8,084,463 .......................... ...............9,162 ............................ .......................... ..........5.000 ..........5.223 MON.. .............34,109 ...........272,873 04/03/2008. 07/01/2035.<br />
3128LB Z2 7 FHLMC GOLD PL#A77961................................................................. RR.. .. .........2 ......1 ..........18,797,685 ......102.457 ..........19,725,130 ..........19,252,106 ..........18,810,049 .......................... .............12,515 ............................ .......................... ..........5.500 ..........5.908 MON.. .............88,239 ...........441,194 06/12/2008. 06/01/2038.<br />
31292G GX 8 FHLMC GOLD PL#C00214 PSTHR.................................................... ....... .. .........2 ......1 .................54,822 ......105.844 .................54,391 .................51,388 .................53,563 .......................... .................(538) ............................ .......................... ..........8.000 ..........6.482 MON.. ..................343 ...............4,111 11/01/2006. 02/01/2023.<br />
31292G L8 7 FHLMC GOLD PL#C00351 PSTHR.................................................... ....... .. .........2 ......1 .................25,797 ......105.931 .................27,805 .................26,248 .................26,119 .......................... ....................26 ............................ .......................... ..........8.000 ..........8.178 MON.. ..................175 ...............2,100 09/06/1994. 07/01/2024.<br />
31292G MB 9 FHLMC GOLD PL#C00354 PSTHR.................................................... ....... .. .........2 ......1 .................69,159 ......107.909 .................71,872 .................66,604 .................67,325 .......................... .................(114) ............................ .......................... ..........8.500 ..........8.109 MON.. ..................472 ...............5,661 07/25/1994. 07/01/2024.<br />
31292G MF 0 FHLMC GOLD PL#C00358 PSTHR.................................................... ....... .. .........2 ......1 ...............193,765 ......107.731 ...............197,747 ...............183,556 ...............186,325 .......................... .................(541) ............................ .......................... ..........8.500 ..........7.930 MON.. ...............1,300 .............15,602 08/17/1994. 08/01/2024.<br />
31292G RR 9 FHLMC GOLD PL#C00496 PSTHR.................................................... ....... .. .........2 ......1 .................55,833 ......105.612 .................57,690 .................54,624 .................55,017 .......................... ...................(71) ............................ .......................... ..........7.500 ..........7.264 MON.. ..................341 ...............4,097 02/07/1997. 02/01/2027.<br />
31335G HD 0 FHLMC GOLD PL#C80228 PSTHR.................................................... ....... .. .........2 ......1 .................81,539 ......107.909 .................84,496 .................78,303 .................79,190 .......................... .................(144) ............................ .......................... ..........8.500 ..........8.083 MON.. ..................555 ...............6,656 08/19/1994. 08/01/2024.<br />
31283G KC 0 FHLMC GOLD PL#G00291 PSTHR.................................................... ....... .. .........2 ......1 ...............366,184 ......105.758 ...............410,914 ...............388,542 ...............382,896 .......................... ...............1,511 ............................ .......................... ..........8.000 ..........8.616 MON.. ...............2,590 .............31,083 01/31/1995. 01/01/2024.<br />
3128M5 GL 8 FHLMC GOLD PL#G03503................................................................. ....... .. .........2 ......1 ..........13,760,693 ......102.489 ..........14,065,534 ..........13,723,945 ..........13,756,650 .......................... ..............(4,222) ............................ .......................... ..........5.500 ..........5.452 MON.. .............62,901 ...........629,014 02/15/2008. 09/01/2035.<br />
3128M5 RN 2 FHLMC GOLD PL#G03793................................................................. RR.. .. .........2 ......1 ..........22,957,351 ......102.332 ..........23,548,213 ..........23,011,583 ..........22,962,824 .......................... ...............5,537 ............................ .......................... ..........5.000 ..........5.038 MON.. .............95,882 ...........958,817 02/01/2008. 09/01/2035.<br />
31283J HR 5 FHLMC GOLD PL#G10240 PSTHR.................................................... ....... .. .........2 ......1 .................10,921 ......101.351 .................11,768 .................11,611 .................11,602 .......................... ..................185 ............................ .......................... ..........7.000 ..........7.668 MON.. ....................68 ..................813 07/15/1994. 07/01/2009.<br />
31283J KR 1 FHLMC GOLD PL#G10304 PSTHR.................................................... ....... .. .........2 ......1 ......................504 ......101.056 ......................585 ......................579 ......................579 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 MON.. ......................3 ....................38 02/09/1995. 04/01/2009.<br />
31283J RL 7 FHLMC GOLD PL#G10491 PSTHR.................................................... ....... .. .........2 ......1 ...............240,611 ......103.890 ...............264,647 ...............254,738 ...............253,395 .......................... ...............2,100 ............................ .......................... ..........6.500 ..........7.126 MON.. ...............1,380 .............16,558 10/21/1996. 04/01/2011.<br />
31283K 2N 7 FHLMC GOLD PL#G11681................................................................. ....... .. .........2 ......1 .................26,379 ......103.045 .................27,382 .................26,573 .................26,392 .......................... ....................13 ............................ .......................... ..........5.000 ..........5.205 MON.. ..................111 ..................332 08/19/2008. 04/01/2020.<br />
3128M4 SQ 7 FHLMC PL# G02927 GOLD................................................................ ....... .. .........2 ......1 ............8,175,159 ......102.467 ............8,550,889 ............8,345,018 ............8,183,492 .......................... ...............8,295 ............................ .......................... ..........5.500 ..........5.914 MON.. .............38,248 ...........152,992 08/29/2008. 04/01/2037.<br />
31290K SM 2 FHLMC PL# 555024............................................................................ ....... .. .........2 ......1 ...................5,511 ......108.119 ...................5,146 ...................4,759 ...................4,759 .......................... .......................... ............................ .......................... ..........8.750 ..........8.721 MON.. ....................74 ..................425 07/29/2003. 07/01/2017.<br />
31296Q P3 8 FHLMC PL#A15842............................................................................. ....... .. .........2 ......1 ............1,652,508 ......102.614 ............1,674,151 ............1,631,504 ............1,643,928 .......................... ..............(1,641) ............................ .......................... ..........5.500 ..........5.334 MON.. ...............7,478 .............89,733 12/02/2003. 10/01/2033.<br />
3128LC G3 4 FHLMC PL#A78318 GOLD................................................................. ....... .. .........2 ......1 ............9,484,693 ......102.467 ............9,912,817 ............9,674,155 ............9,493,956 .......................... ...............9,222 ............................ .......................... ..........5.500 ..........5.897 MON.. .............44,340 ...........177,359 08/29/2008. 12/01/2037.<br />
312927 HQ 2 FHLMC PL#A81139 GOLD................................................................. ....... .. .........2 ......1 .................53,467 ......102.457 .................56,092 .................54,747 .................53,519 .......................... ....................52 ............................ .......................... ..........5.500 ..........5.950 MON.. ..................251 ..................753 08/22/2008. 08/01/2038.<br />
312982 JF 9 FHLMC PL#B50262............................................................................. ....... .. .........2 ......1 .................11,558 ......103.888 .................11,701 .................11,263 .................11,387 .......................... .................(156) ............................ .......................... ..........6.500 ..........5.438 MON.. ....................61 ..................732 07/26/2007. 06/01/2011.<br />
3128LX E3 0 FHLMC PL#G01954 GOLD................................................................. ....... .. .........2 ......1 .................50,804 ......102.332 .................52,911 .................51,706 .................50,812 .......................... ......................8 ............................ .......................... ..........5.000 ..........5.164 MON.. ..................215 ..................431 10/08/2008. 11/01/2035.<br />
3128M6 AQ 1 FHLMC PL#G04215 GOLD................................................................. ....... .. .........2 ......1 ..........33,749,476 ......102.457 ..........34,420,866 ..........33,595,426 ..........33,748,335 .......................... ..............(1,154) ............................ .......................... ..........5.500 ..........5.459 MON.. ...........153,979 ...........307,958 09/12/2008. 05/01/2038.<br />
3128M6 EL 8 FHLMC PL#G04339 GOLD................................................................. RR.. .. .........2 ......1 ..........19,541,273 ......103.114 ..........19,842,567 ..........19,243,330 ..........19,516,856 .......................... ............(24,650) ............................ .......................... ..........6.000 ..........5.685 MON.. .............96,217 ...........577,300 06/06/2008. 06/01/2038.<br />
3128M6 F5 2 FHLMC PL#G04399 GOLD................................................................. ....... .. .........2 ......1 ..........29,505,231 ......102.457 ..........30,380,225 ..........29,651,683 ..........29,511,515 .......................... ...............6,278 ............................ .......................... ..........5.500 ..........5.597 MON.. ...........135,904 ...........407,710 09/05/2008. 07/01/2038.<br />
3128M6 SN 9 FHLMC PL#G04725 GOLD................................................................. ....... .. .........2 ......1 ............................. ......100.643 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........5.000 ................... MON.. ..................898 .......................... 10/09/2008. 10/01/2036.<br />
3128M6 SY 5 FHLMC PL#G04735 GOLD................................................................. ....... .. .........2 ......1 .................49,361 ......102.551 .................50,508 .................49,252 .................49,360 .......................... .....................(1) ............................ .......................... ..........5.500 ..........5.478 MON.. ..................226 ..................451 10/02/2008. 01/01/2035.<br />
3128UN E2 4 FHLMC PL#H09153............................................................................ RR.. .. .........2 ......1 ..........28,841,641 ......100.357 ..........29,191,342 ..........29,087,500 ..........28,856,633 .......................... .............15,198 ............................ .......................... ..........5.500 ..........5.640 MON.. ...........133,318 ...........799,906 05/22/2008. 04/01/2038.<br />
3128PL EV 0 FHLMC PL#J08248 GOLD.................................................................. ....... .. .........2 ......1 .................49,853 ......102.842 .................51,437 .................50,015 .................49,857 .......................... ......................3 ............................ .......................... ..........5.000 ..........5.051 MON.. ..................208 ..................417 10/08/2008. 12/01/2022.<br />
313401 FX 4 FHLMC PL#16-0069............................................................................ ....... .. .........2 ......1 ..........................2 ......102.559 ..........................3 ..........................3 ..........................2 .......................... ......................1 ............................ .......................... ........10.000 ........10.614 MON.. .......................... .......................... 03/14/1979. 01/01/2009.<br />
31344L LF 8 FHLMC PL#282126............................................................................. ....... .. .........2 ......1 ...................1,340 ......101.918 ...................1,289 ...................1,264 ...................1,436 .......................... .......................... ............................ .......................... ..........9.000 ..........9.548 MON.. ....................19 ..................113 10/31/1986. 11/01/2016.<br />
31345J KJ 5 FHLMC PL#306597............................................................................. ....... .. .........2 ......1 .................50,258 ......108.439 .................56,593 .................52,189 .................51,616 .......................... ..................158 ............................ .......................... ..........9.000 ..........9.481 MON.. ..................783 ...............4,521 08/01/1989. 10/01/2018.<br />
31413T VX 7 FN POOL # 955230............................................................................. ....... .. .........2 ......1 .................14,347 ......103.979 .................14,231 .................13,686 .................14,216 .......................... .................(137) ............................ .......................... ..........6.500 ..........5.188 MON.. ....................74 ..................741 01/23/2008. 12/01/2037.<br />
31412W KR 6 FN POOL# 936904.............................................................................. ....... .. .........2 ......1 ...................9,388 ......103.979 ...................9,369 ...................9,010 ...................9,310 .......................... ...................(82) ............................ .......................... ..........6.500 ..........5.316 MON.. ....................49 ..................488 01/29/2008. 08/01/2037.<br />
31414G ZQ 5 FN POOL# 966151.............................................................................. ....... .. .........2 ......1 ...................9,155 ......103.979 ...................9,094 ...................8,746 ...................9,079 .......................... ...................(83) ............................ .......................... ..........6.500 ..........5.287 MON.. ....................47 ..................474 01/23/2008. 11/01/2037.<br />
31371N EY 7 FNMA PL# 256751 PSTHRU............................................................. RR.. .. .........2 ......1 ........112,227,265 ......102.714 ........120,430,138 ........117,248,027 ........113,281,048 .......................... ...........808,864 ............................ .......................... ..........5.500 ..........6.325 MON.. ...........537,387 ........6,448,636 06/12/2007. 06/01/2027.<br />
31390L U2 0 FNMA ARM PL#649601...................................................................... ....... .. .......23 ......1 .................59,574 ........98.441 .................46,884 .................47,626 .................50,690 .......................... ...............2,595 ............................ .......................... ..........4.820 ..........3.125 MON.. ..................191 ...............2,810 09/17/2002. 07/01/2032.<br />
31368H WP 4 FNMA FN 190654................................................................................ ....... .. .........2 ......1 ...............619,441 ......107.548 ...............624,523 ...............580,692 ...............608,110 .......................... ..............(4,580) ............................ .......................... ..........8.500 ..........6.804 MON.. ...............4,113 .............49,359 02/17/1994. 01/01/2023.<br />
31371K KG 5 FNMA FN 254195 PT.......................................................................... ....... .. .........2 ......1 ............2,087,659 ......103.718 ............2,188,858 ............2,110,393 ............2,096,027 .......................... ...............5,174 ............................ .......................... ..........5.500 ..........5.764 MON.. ...............9,673 ...........116,072 02/05/2002. 02/01/2017.<br />
31376K A2 2 FNMA FN 357425................................................................................ ....... .. .........2 ......1 ...............395,795 ......101.659 ...............417,917 ...............411,097 ...............399,635 .......................... ...............1,253 ............................ .......................... ..........4.500 ..........4.977 MON.. ...............1,542 .............18,499 06/15/2005. 09/01/2033.<br />
31376K B9 6 FNMA FN 357464................................................................................ RR.. .. .........2 ......1 ............7,462,340 ......102.857 ............7,465,661 ............7,258,291 ............7,370,898 .......................... ............(30,992) ............................ .......................... ..........4.500 ..........4.040 MON.. .............27,219 ...........326,623 12/16/2003. 12/01/2018.<br />
31389N 4R 3 FNMA FN 630932 PT.......................................................................... ....... .. .........2 ......1 ............2,488,176 ......103.530 ............2,610,307 ............2,521,305 ............2,499,302 .......................... ...............7,493 ............................ .......................... ..........5.500 ..........5.827 MON.. .............11,556 ...........138,672 02/13/2002. 02/01/2017.<br />
31373U GG 6 FNMA FNARM 303599........................................................................ ....... .. .......23 ......1 .................49,937 ........99.359 .................47,331 .................47,636 .................48,455 .......................... ..............(1,804) ............................ .......................... ..........6.738 ..........3.304 MON.. ..................267 ...............3,078 10/18/1995. 09/01/2025.<br />
31368H H8 9 FNMA FNCI 190255............................................................................ ....... .. .........2 ......1 ...................2,271 ......100.481 ......................686 ......................683 ............................. .......................... .................(348) ............................ .......................... ..........6.500 ..........6.281 MON.. ......................4 ....................44 01/04/1999. 02/01/2009.
E10.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31371G 5X 4 FNMA FNCI 252062............................................................................ ....... .. .........2 ......1 .................29,466 ......103.967 .................29,906 .................28,765 .................29,554 .......................... .......................... ............................ .......................... ..........6.500 ..........6.364 MON.. ..................156 ...............1,870 01/04/1999. 10/01/2013.<br />
31371H B6 4 FNMA FNCI 252161............................................................................ ....... .. .........2 ......1 ...............134,978 ......103.645 ...............141,624 ...............136,643 ...............136,643 .......................... .......................... ............................ .......................... ..........6.000 ..........6.061 MON.. ..................683 ...............8,199 10/20/1998. 12/01/2028.<br />
31371K 4C 2 FNMA FNCI 254719............................................................................ ....... .. .........2 ......1 ............1,340,940 ......102.857 ............1,351,720 ............1,314,175 ............1,328,969 .......................... ..............(4,633) ............................ .......................... ..........4.500 ..........4.144 MON.. ...............4,928 .............59,138 03/12/2003. 04/01/2018.<br />
31371L CA 5 FNMA FNCI 254865............................................................................ RR.. .. .........2 ......1 ..........13,848,592 ......102.857 ..........13,928,231 ..........13,541,354 ..........13,710,805 .......................... ............(47,372) ............................ .......................... ..........4.500 ..........4.121 MON.. .............50,780 ...........609,361 07/17/2003. 09/01/2018.<br />
31371L DK 2 FNMA FNCI 254906............................................................................ RR.. .. .........2 ......1 ............9,996,231 ......102.857 ..........10,165,874 ............9,883,502 ............9,945,226 .......................... ............(17,168) ............................ .......................... ..........4.500 ..........4.311 MON.. .............37,063 ...........444,758 07/17/2003. 10/01/2018.<br />
31373T 6T 2 FNMA FNCI 303382............................................................................ ....... .. .........2 ......1 ........................52 ......100.389 ........................51 ........................51 ........................51 .......................... .....................(2) ............................ .......................... ..........6.500 ..........6.450 MON.. .......................... ......................3 01/04/1999. 09/01/2009.<br />
31374G JF 5 FNMA FNCI 313562............................................................................ ....... .. .........2 ......1 .................16,831 ......103.941 .................17,140 .................16,491 .................16,616 .......................... .................(151) ............................ .......................... ..........6.500 ..........5.881 MON.. ....................89 ...............1,072 01/04/1999. 06/01/2012.<br />
31375A 6R 5 FNMA FNCI 329480............................................................................ ....... .. .........2 ......1 ...................1,714 ......103.888 ...................1,743 ...................1,678 ...................1,687 .......................... ...................(12) ............................ .......................... ..........6.500 ..........5.726 MON.. ......................9 ..................109 01/04/1999. 11/01/2010.<br />
31375L KK 0 FNMA FNCI 337898............................................................................ ....... .. .........2 ......1 .................14,557 ......103.914 .................14,793 .................14,236 .................14,302 .......................... .................(125) ............................ .......................... ..........6.500 ..........5.956 MON.. ....................77 ..................926 01/04/1999. 04/01/2011.<br />
31375P 2Y 1 FNMA FNCI 341091............................................................................ ....... .. .........2 ......1 ...................3,748 ......103.914 ...................3,817 ...................3,673 ...................3,695 .......................... ...................(33) ............................ .......................... ..........6.500 ..........5.844 MON.. ....................20 ..................239 01/04/1999. 04/01/2011.<br />
31375T 4X 3 FNMA FNCI 344738............................................................................ ....... .. .........2 ......1 ......................184 ......103.914 ......................188 ......................181 ......................182 .......................... .......................... ............................ .......................... ..........6.500 ..........5.789 MON.. ......................1 ....................12 01/04/1999. 05/01/2011.<br />
31378A AR 7 FNMA FNCI 392516............................................................................ ....... .. .........2 ......1 ...................8,231 ......103.941 ...................8,412 ...................8,093 ...................8,114 .......................... ...................(25) ............................ .......................... ..........6.500 ..........6.053 MON.. ....................44 ..................526 01/04/1999. 09/01/2012.<br />
31378F DE 2 FNMA FNCI 397101............................................................................ ....... .. .........2 ......1 ...................3,117 ......103.941 ...................3,183 ...................3,063 ...................3,070 .......................... ...................(22) ............................ .......................... ..........6.500 ..........5.955 MON.. ....................17 ..................199 01/04/1999. 08/01/2012.<br />
31378M SJ 0 FNMA FNCI 402921............................................................................ ....... .. .........2 ......1 ...................6,885 ......103.967 ...................7,097 ...................6,826 ...................6,890 .......................... .....................(1) ............................ .......................... ..........6.500 ..........6.437 MON.. ....................37 ..................444 08/14/1998. 02/01/2013.<br />
31378P CY 7 FNMA FNCI 404287............................................................................ ....... .. .........2 ......1 ...................1,829 ......103.941 ...................1,856 ...................1,786 ...................1,800 .......................... .....................(4) ............................ .......................... ..........6.500 ..........5.951 MON.. ....................10 ..................116 01/04/1999. 11/01/2012.<br />
31378Q VD 0 FNMA FNCI 405712............................................................................ ....... .. .........2 ......1 .................51,368 ......103.967 .................52,205 .................50,213 .................51,378 .......................... .................(154) ............................ .......................... ..........6.500 ..........6.487 MON.. ..................272 ...............3,264 01/04/1999. 02/01/2013.<br />
31378V CK 4 FNMA FNCI 409674............................................................................ ....... .. .........2 ......1 ......................785 ......104.656 ......................837 ......................800 ......................800 .......................... .......................... ............................ .......................... ..........6.500 ..........6.719 MON.. ......................4 ....................52 04/29/1998. 03/01/2028.<br />
31378W US 5 FNMA FNCI 411093............................................................................ ....... .. .........2 ......1 ...................1,256 ......103.967 ...................1,295 ...................1,246 ...................1,249 .......................... .....................(2) ............................ .......................... ..........6.500 ..........6.267 MON.. ......................7 ....................81 07/17/1998. 01/01/2013.<br />
31378X A2 2 FNMA FNCI 411425............................................................................ ....... .. .........2 ......1 .................14,178 ......103.941 .................14,635 .................14,080 .................14,115 .......................... ...................(21) ............................ .......................... ..........6.500 ..........6.318 MON.. ....................76 ..................915 07/17/1998. 01/01/2013.<br />
31379A 4F 9 FNMA FNCI 414022............................................................................ ....... .. .........2 ......1 .................28,459 ......103.967 .................28,848 .................27,748 .................28,670 .......................... .......................... ............................ .......................... ..........6.500 ..........6.420 MON.. ..................150 ...............1,804 08/14/1998. 04/01/2013.<br />
31379E QJ 9 FNMA FNCI 417257............................................................................ ....... .. .........2 ......1 ...................3,272 ......103.941 ...................3,329 ...................3,203 ...................3,227 .......................... ...................(10) ............................ .......................... ..........6.500 ..........6.003 MON.. ....................17 ..................208 01/04/1999. 02/01/2013.<br />
31379E QW 0 FNMA FNCI 417269............................................................................ ....... .. .........2 ......1 ...................9,611 ......103.967 ...................9,925 ...................9,546 ...................9,574 .......................... ...................(13) ............................ .......................... ..........6.500 ..........6.312 MON.. ....................52 ..................621 07/17/1998. 02/01/2013.<br />
31379J Q9 0 FNMA FNCI 420880............................................................................ ....... .. .........2 ......1 .................14,987 ......103.941 .................15,280 .................14,700 .................14,727 .......................... .................(113) ............................ .......................... ..........6.500 ..........5.927 MON.. ....................80 ..................956 01/04/1999. 04/01/2013.<br />
31379J 3C 8 FNMA FNCI 421195............................................................................ ....... .. .........2 ......1 ...................1,003 ......103.967 ...................1,018 ......................980 ...................1,009 .......................... .......................... ............................ .......................... ..........6.500 ..........6.341 MON.. ......................5 ....................64 01/04/1999. 04/01/2013.<br />
31379J 4A 1 FNMA FNCI 421217............................................................................ ....... .. .........2 ......1 .................46,323 ......103.941 .................47,747 .................45,937 .................45,981 .......................... ...................(95) ............................ .......................... ..........6.500 ..........6.276 MON.. ..................249 ...............2,986 08/14/1998. 05/01/2013.<br />
31379J 4N 3 FNMA FNCI 421229............................................................................ ....... .. .........2 ......1 .................42,834 ......103.941 .................44,152 .................42,478 .................42,522 .......................... ...................(91) ............................ .......................... ..........6.500 ..........6.281 MON.. ..................230 ...............2,761 08/14/1998. 05/01/2013.<br />
31379K EK 5 FNMA FNCI 421438............................................................................ ....... .. .........2 ......1 .................61,327 ......103.967 .................63,274 .................60,860 .................60,954 .......................... ...................(99) ............................ .......................... ..........6.500 ..........6.272 MON.. ..................330 ...............3,956 08/14/1998. 04/01/2013.<br />
31379M 4A 4 FNMA FNCI 423917............................................................................ ....... .. .........2 ......1 ......................571 ......103.967 ......................537 ......................516 ......................601 .......................... .......................... ............................ .......................... ..........6.500 ..........6.385 MON.. ......................3 ....................34 01/04/1999. 08/01/2013.<br />
31379N V7 9 FNMA FNCI 424638............................................................................ ....... .. .........2 ......1 ...................1,660 ......103.941 ...................1,691 ...................1,627 ...................1,631 .......................... .....................(6) ............................ .......................... ..........6.500 ..........5.926 MON.. ......................9 ..................106 01/04/1999. 04/01/2013.<br />
31379P QG 0 FNMA FNCI 425355............................................................................ ....... .. .........2 ......1 ...................9,464 ......104.656 .................10,068 ...................9,620 ...................9,470 .......................... ......................6 ............................ .......................... ..........6.500 ..........6.970 MON.. ....................52 ..................625 04/29/1998. 05/01/2028.<br />
31379S WY 8 FNMA FNCI 428263............................................................................ ....... .. .........2 ......1 .................66,311 ......103.967 .................68,454 .................65,842 .................66,017 .......................... ...................(66) ............................ .......................... ..........6.500 ..........6.343 MON.. ..................357 ...............4,280 07/17/1998. 08/01/2013.<br />
31379S WZ 5 FNMA FNCI 428264............................................................................ ....... .. .........2 ......1 .................12,146 ......103.967 .................12,499 .................12,022 .................12,111 .......................... ...................(47) ............................ .......................... ..........6.500 ..........6.300 MON.. ....................65 ..................781 07/17/1998. 08/01/2013.<br />
31379S W2 8 FNMA FNCI 428265............................................................................ ....... .. .........2 ......1 .................56,599 ......103.967 .................58,417 .................56,188 .................56,352 .......................... ...................(93) ............................ .......................... ..........6.500 ..........6.327 MON.. ..................304 ...............3,652 07/17/1998. 08/01/2013.<br />
31379S W4 4 FNMA FNCI 428267............................................................................ ....... .. .........2 ......1 .................32,340 ......103.967 .................33,368 .................32,094 .................32,184 .......................... ...................(54) ............................ .......................... ..........6.500 ..........6.320 MON.. ..................174 ...............2,086 07/17/1998. 08/01/2013.<br />
31379U F5 5 FNMA FNCI 429588............................................................................ ....... .. .........2 ......1 ...................3,373 ......103.967 ...................3,431 ...................3,300 ...................3,383 .......................... .......................... ............................ .......................... ..........6.500 ..........6.373 MON.. ....................18 ..................214 01/04/1999. 06/01/2013.<br />
31379U TA 9 FNMA FNCI 429945............................................................................ ....... .. .........2 ......1 .................32,371 ......103.967 .................33,353 .................32,080 .................32,367 .......................... .....................(2) ............................ .......................... ..........6.500 ..........6.442 MON.. ..................174 ...............2,085 07/17/1998. 08/01/2013.<br />
31379V ML 0 FNMA FNCI 430663............................................................................ ....... .. .........2 ......1 .................10,214 ......103.967 .................10,366 ...................9,971 .................10,253 .......................... .......................... ............................ .......................... ..........6.500 ..........6.368 MON.. ....................54 ..................648 01/04/1999. 07/01/2013.<br />
31379Y D7 5 FNMA FNCI 433126............................................................................ ....... .. .........2 ......1 ...................5,323 ......103.967 ...................5,473 ...................5,265 ...................5,321 .......................... .......................... ............................ .......................... ..........6.500 ..........6.436 MON.. ....................29 ..................342 07/17/1998. 08/01/2013.<br />
31379Y S2 0 FNMA FNCI 433537............................................................................ ....... .. .........2 ......1 ...................4,994 ......104.656 ...................5,272 ...................5,038 ...................5,005 .......................... ......................2 ............................ .......................... ..........6.500 ..........6.680 MON.. ....................27 ..................327 07/17/1998. 08/01/2028.<br />
31380A NC 2 FNMA FNCI 434287............................................................................ ....... .. .........2 ......1 .................45,243 ......103.967 .................46,686 .................44,904 .................45,021 .......................... ...................(89) ............................ .......................... ..........6.500 ..........6.323 MON.. ..................243 ...............2,919 07/17/1998. 08/01/2013.<br />
31380D G9 1 FNMA FNCI 436824............................................................................ ....... .. .........2 ......1 .................19,735 ......103.967 .................20,387 .................19,609 .................19,662 .......................... ...................(20) ............................ .......................... ..........6.500 ..........6.340 MON.. ..................106 ...............1,275 07/17/1998. 07/01/2013.<br />
31380F 5W 7 FNMA FNCI 439261............................................................................ ....... .. .........2 ......1 .................16,414 ......103.941 .................16,899 .................16,258 .................16,303 .......................... .................(120) ............................ .......................... ..........6.500 ..........6.321 MON.. ....................88 ...............1,057 07/17/1998. 08/01/2013.<br />
31380F 5Y 3 FNMA FNCI 439263............................................................................ ....... .. .........2 ......1 ...................8,630 ......103.967 ...................8,912 ...................8,572 ...................8,593 .......................... .....................(9) ............................ .......................... ..........6.500 ..........6.331 MON.. ....................46 ..................557 07/17/1998. 08/01/2013.<br />
31380F 6V 8 FNMA FNCI 439284............................................................................ ....... .. .........2 ......1 ...................2,748 ......103.967 ...................2,792 ...................2,685 ...................2,756 .......................... .......................... ............................ .......................... ..........6.500 ..........6.396 MON.. ....................15 ..................175 01/04/1999. 09/01/2013.<br />
31380G MX 4 FNMA FNCI 439674............................................................................ ....... .. .........2 ......1 .................80,350 ......103.941 .................82,949 .................79,804 .................79,981 .......................... .................(105) ............................ .......................... ..........6.500 ..........6.361 MON.. ..................432 ...............5,187 07/17/1998. 08/01/2013.<br />
31380H BE 6 FNMA FNCI 440237............................................................................ ....... .. .........2 ......1 ...................9,056 ......103.967 ...................9,236 ...................8,884 ...................8,954 .......................... ...................(40) ............................ .......................... ..........6.500 ..........5.965 MON.. ....................48 ..................577 01/04/1999. 09/01/2013.<br />
31380H 2J 5 FNMA FNCI 440977............................................................................ ....... .. .........2 ......1 ...............112,980 ......103.967 ...............116,503 ...............112,057 ...............112,057 .......................... .................(497) ............................ .......................... ..........6.500 ..........6.460 MON.. ..................607 ...............7,284 08/14/1998. 08/01/2013.<br />
31380M RK 4 FNMA FNCI 444290............................................................................ ....... .. .........2 ......1 .................18,248 ......103.967 .................18,415 .................17,712 .................18,377 .......................... .......................... ............................ .......................... ..........6.500 ..........6.380 MON.. ....................96 ...............1,151 01/04/1999. 09/01/2013.<br />
31391B 3S 4 FNMA FNCI 662409............................................................................ ....... .. .........2 ......1 ...............169,812 ......103.545 ...............173,113 ...............167,186 ...............169,135 .......................... .................(606) ............................ .......................... ..........5.000 ..........4.614 MON.. ..................697 ...............8,359 06/17/2003. 01/01/2018.<br />
31400B 6B 7 FNMA FNCI 683166............................................................................ ....... .. .........2 ......1 ............2,018,989 ......103.232 ............2,050,638 ............1,986,437 ............2,006,984 .......................... ..............(7,593) ............................ .......................... ..........5.000 ..........4.651 MON.. ...............8,277 .............99,322 06/17/2003. 02/01/2018.<br />
31403F XM 1 FNMA FNCI 747784............................................................................ RR.. .. .........2 ......1 ............3,205,201 ......102.857 ............3,234,208 ............3,144,373 ............3,178,662 .......................... ..............(8,763) ............................ .......................... ..........4.500 ..........4.178 MON.. .............11,791 ...........141,497 12/16/2003. 10/01/2018.<br />
31403F ZB 3 FNMA FNCI 747838............................................................................ RR.. .. .........2 ......1 ..........24,790,692 ......102.857 ..........25,140,100 ..........24,441,798 ..........24,637,822 .......................... ............(51,851) ............................ .......................... ..........4.500 ..........4.260 MON.. .............91,657 ........1,099,881 12/16/2003. 12/01/2018.<br />
31404M 5M 6 FNMA FNCI 773152............................................................................ RR.. .. .........2 ......1 ..........31,323,111 ......101.638 ..........32,156,642 ..........31,638,405 ..........31,458,919 .......................... .............42,647 ............................ .......................... ..........4.000 ..........4.158 MON.. ...........105,461 ........1,265,535 11/18/2004. 06/01/2019.
E10.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31368H TR 4 FNMA FNCI190560............................................................................. ....... .. .........2 ......1 ........................19 ......100.389 ........................19 ........................19 ........................19 .......................... .....................(2) ............................ .......................... ..........6.500 ..........6.519 MON.. .......................... ......................1 07/17/1998. 01/01/2009.<br />
31374G AJ 6 FNMA FNCL 313309........................................................................... ....... .. .........2 ......1 ............2,255,653 ......105.915 ............2,452,708 ............2,315,732 ............2,269,972 .......................... ...............8,718 ............................ .......................... ..........7.000 ..........7.611 MON.. .............13,508 ...........162,101 12/19/1996. 01/01/2027.<br />
31379C WR 8 FNMA FNCL 415656........................................................................... ....... .. .........2 ......1 .................18,279 ......104.656 .................19,443 .................18,578 .................18,578 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 MON.. ..................101 ...............1,208 04/29/1998. 03/01/2028.<br />
31379Y MN 0 FNMA FNCL 433365........................................................................... ....... .. .........2 ......1 ...................4,787 ......104.656 ...................5,040 ...................4,816 ...................4,790 .......................... ......................5 ............................ .......................... ..........6.500 ..........6.656 MON.. ....................26 ..................313 07/17/1998. 08/01/2028.<br />
31379Y SC 8 FNMA FNCL 433515........................................................................... ....... .. .........2 ......1 .................18,163 ......104.656 .................19,152 .................18,300 .................18,202 .......................... ....................32 ............................ .......................... ..........6.500 ..........6.649 MON.. ....................99 ...............1,189 07/17/1998. 08/01/2028.<br />
31379Y SD 6 FNMA FNCL 433516........................................................................... ....... .. .........2 ......1 .................53,853 ......104.656 .................56,691 .................54,169 .................53,891 .......................... ....................29 ............................ .......................... ..........6.500 ..........6.636 MON.. ..................293 ...............3,521 07/17/1998. 08/01/2028.<br />
31379Y SR 5 FNMA FNCL 433528........................................................................... ....... .. .........2 ......1 .................58,219 ......104.656 .................61,278 .................58,552 .................58,279 .......................... ....................31 ............................ .......................... ..........6.500 ..........6.632 MON.. ..................317 ...............3,806 07/17/1998. 08/01/2028.<br />
31379Y SW 4 FNMA FNCL 433533........................................................................... ....... .. .........2 ......1 ...................9,623 ......104.656 .................10,146 ...................9,695 ...................9,650 .......................... ....................28 ............................ .......................... ..........6.500 ..........6.627 MON.. ....................53 ..................630 07/17/1998. 08/01/2028.<br />
31380B CE 8 FNMA FNCL 434869........................................................................... ....... .. .........2 ......1 ...............156,696 ......104.656 ...............165,174 ...............157,826 ...............156,883 .......................... ..................241 ............................ .......................... ..........6.500 ..........6.665 MON.. ..................855 .............10,259 07/17/1998. 08/01/2028.<br />
31380N C9 3 FNMA FNCL 444796........................................................................... ....... .. .........2 ......1 .................41,638 ......103.801 .................44,023 .................42,411 .................41,756 .......................... ..................107 ............................ .......................... ..........6.000 ..........6.400 MON.. ..................212 ...............2,545 11/24/1998. 12/01/2028.<br />
31380T 4E 8 FNMA FNCL 450021........................................................................... ....... .. .........2 ......1 .................60,681 ......103.645 .................64,129 .................61,874 .................60,948 .......................... ..................133 ............................ .......................... ..........6.000 ..........6.361 MON.. ..................309 ...............3,712 11/24/1998. 12/01/2028.<br />
31380U MB 1 FNMA FNCL 450454........................................................................... ....... .. .........2 ......1 ...............191,724 ......103.645 ...............200,976 ...............193,908 ...............193,703 .......................... ....................66 ............................ .......................... ..........6.000 ..........6.263 MON.. ..................970 .............11,635 10/20/1998. 11/01/2028.<br />
31380X RP 9 FNMA FNCL 453294........................................................................... ....... .. .........2 ......1 .................37,886 ......103.645 .................39,919 .................38,515 .................37,966 .......................... ....................40 ............................ .......................... ..........6.000 ..........6.361 MON.. ..................193 ...............2,311 11/24/1998. 12/01/2028.<br />
31381A EQ 0 FNMA FNCL 454743........................................................................... ....... .. .........2 ......1 .................54,543 ......103.645 .................57,709 .................55,679 .................54,804 .......................... ....................83 ............................ .......................... ..........6.000 ..........6.412 MON.. ..................278 ...............3,341 11/24/1998. 12/01/2028.<br />
31381B 5G 0 FNMA FNCL 456347........................................................................... ....... .. .........2 ......1 .................75,519 ......103.645 .................80,078 .................77,262 .................76,038 .......................... ..................413 ............................ .......................... ..........6.000 ..........6.411 MON.. ..................386 ...............4,635 11/24/1998. 12/01/2028.<br />
31360G 4K 6 FNMA FNGL 006226........................................................................... ....... .. .........2 ......1 ...................5,530 ......105.597 ...................5,538 ...................5,244 ...................5,502 .......................... .................(259) ............................ .......................... ........11.000 ..........9.578 MON.. ....................48 ..................577 06/20/1986. 12/01/2015.<br />
31385T N6 9 FNMA PL # 552213 PSTHR................................................................ ....... .. .........2 ......1 .................32,071 ......114.102 .................32,340 .................28,343 .................31,881 .......................... .................(138) ............................ .......................... ........10.500 ..........8.885 MON.. ..................248 ...............2,976 07/26/2007. 06/01/2030.<br />
31363M QB 6 FNMA PL # 93150 PSTHR.................................................................. ....... .. .........2 ......1 ...................7,919 ......103.099 ...................7,372 ...................7,150 ...................7,343 .......................... .................(793) ............................ .......................... ........11.000 ..........5.383 MON.. ....................66 ..................787 07/26/2007. 07/01/2012.<br />
31365Q 5T 9 FNMA PL# 135058 PSTHR................................................................. ....... .. .........2 ......1 .................68,243 ......111.351 .................67,306 .................60,445 .................66,975 .......................... .................(946) ............................ .......................... ........10.000 ..........7.612 MON.. ..................504 ...............6,045 07/26/2007. 01/01/2019.<br />
31360W BW 7 FNMA PL# 18053 PSTHR................................................................... ....... .. .........2 ......1 .................58,265 ......114.859 .................58,873 .................51,257 .................55,867 .......................... ..............(1,695) ............................ .......................... ........11.000 ..........6.884 MON.. ..................470 ...............5,638 07/26/2007. 09/01/2015.<br />
31371J JK 1 FNMA PL# 253266.............................................................................. ....... .. .........2 ......1 ...............295,816 ......106.214 ...............312,004 ...............293,750 ...............293,750 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ...............1,958 .............23,500 03/22/2000. 05/01/2030.<br />
31371K SH 5 FNMA PL# 254420.............................................................................. ....... .. .........2 ......1 ............2,640,780 ......103.468 ............2,608,147 ............2,520,728 ............2,579,887 .......................... ............(14,437) ............................ .......................... ..........6.000 ..........5.363 MON.. .............12,604 ...........151,244 07/03/2002. 07/01/2022.<br />
31371K S5 1 FNMA PL# 254440.............................................................................. ....... .. .........2 ......1 ............5,868,312 ......103.468 ............5,814,114 ............5,619,239 ............5,740,981 .......................... ............(34,671) ............................ .......................... ..........6.000 ..........5.403 MON.. .............28,096 ...........337,154 07/12/2002. 08/01/2022.<br />
31371K WH 0 FNMA PL# 254548 PSTHR................................................................. ....... .. .........2 ......1 ............7,214,889 ......102.864 ............7,271,115 ............7,068,669 ............7,151,288 .......................... ............(15,711) ............................ .......................... ..........5.500 ..........5.249 MON.. .............32,398 ...........388,776 10/11/2002. 12/01/2032.<br />
31371K 2P 5 FNMA PL# 254682.............................................................................. ....... .. .........2 ......1 ...............511,232 ......102.754 ...............486,161 ...............473,131 ...............487,109 .......................... ..............(6,866) ............................ .......................... ..........5.000 ..........3.895 MON.. ...............1,971 .............23,657 02/04/2003. 03/01/2013.<br />
31384R E9 8 FNMA PL# 531260.............................................................................. ....... .. .........2 ......1 .................17,802 ......106.214 .................18,759 .................17,662 .................17,662 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ..................118 ...............1,413 03/22/2000. 04/01/2030.<br />
31385T Z7 4 FNMA PL# 552566 PSTHR................................................................. ....... .. .........2 ......1 .................11,172 ......105.500 .................11,557 .................10,955 .................11,044 .......................... ...................(21) ............................ .......................... ..........7.500 ..........7.252 MON.. ....................68 ..................821 11/27/2000. 10/01/2030.<br />
31388X EN 0 FNMA PL# 617641 PSTHR................................................................. ....... .. .........2 ......1 ............1,660,321 ......104.656 ............1,618,542 ............1,546,535 ............1,607,407 .......................... ............(15,080) ............................ .......................... ..........6.500 ..........5.518 MON.. ...............8,377 ...........100,525 07/08/2002. 01/01/2032.<br />
31390P M2 0 FNMA PL# 652077 PSTHR................................................................. ....... .. .........2 ......1 ...............863,379 ......104.344 ...............829,026 ...............794,512 ...............831,977 .......................... ..............(6,955) ............................ .......................... ..........6.500 ..........5.340 MON.. ...............4,304 .............51,643 07/08/2002. 08/01/2032.<br />
31391L AM 7 FNMA PL# 669712 PSTHR................................................................. ....... .. .........2 ......1 ............5,223,166 ......102.864 ............5,317,394 ............5,169,344 ............5,199,898 .......................... ..............(5,132) ............................ .......................... ..........5.500 ..........5.373 MON.. .............23,693 ...........284,314 10/11/2002. 11/01/2032.<br />
31391L S3 0 FNMA PL# 670238 PSTHR................................................................. ....... .. .........2 ......1 ............6,077,041 ......103.332 ............5,886,760 ............5,696,939 ............5,916,642 .......................... ............(33,543) ............................ .......................... ..........6.000 ..........5.098 MON.. .............28,485 ...........341,816 10/10/2002. 11/01/2032.<br />
31391U QM 0 FNMA PL# 677360 PSTHR................................................................. ....... .. .........2 ......1 ............1,170,940 ......103.545 ............1,234,196 ............1,191,942 ............1,178,740 .......................... ...............4,262 ............................ .......................... ..........5.000 ..........5.380 MON.. ...............4,966 .............59,597 11/01/2006. 01/01/2018.<br />
31360H UK 5 FNMA PL# 6886 PSTHR..................................................................... ....... .. .........2 ......1 .................15,430 ......104.650 .................13,712 .................13,103 .................14,778 .......................... .................(616) ............................ .......................... ........11.000 ..........7.326 MON.. ..................120 ...............1,441 07/26/2007. 08/01/2015.<br />
31360A AG 1 FNMA PL# 7 PSTHR........................................................................... ....... .. .........2 ......1 ...................2,590 ......101.628 ...................2,505 ...................2,465 ...................2,471 .......................... .................(266) ............................ .......................... ..........8.500 ..........4.957 MON.. ....................17 ..................210 07/26/2007. 01/01/2010.<br />
31402W H6 8 FNMA PL# 740153 PSTHR................................................................. ....... .. .........2 ......1 ............2,720,631 ......102.364 ............2,749,873 ............2,686,367 ............2,707,554 .......................... ..............(2,547) ............................ .......................... ..........5.000 ..........4.854 MON.. .............11,193 ...........134,319 06/30/2003. 08/01/2033.<br />
31406X GL 0 FNMA PL# 822903.............................................................................. ....... .. .........2 ......1 ..........19,216,344 ......102.629 ..........19,925,615 ..........19,415,189 ..........19,282,940 .......................... .............28,389 ............................ .......................... ..........5.500 ..........5.664 MON.. .............88,986 ........1,067,835 01/12/2006. 01/01/2036.<br />
31407N 2C 6 FNMA PL# 836071.............................................................................. ....... .. .........2 ......1 ..........10,346,712 ......102.239 ..........10,621,842 ..........10,389,228 ..........10,350,809 .......................... ...............4,254 ............................ .......................... ..........5.000 ..........5.064 MON.. .............43,288 ...........432,885 02/06/2008. 10/01/2035.<br />
31360A CW 4 FNMA PL# 85 PSTHR......................................................................... ....... .. .........2 ......1 ...................1,243 ......101.628 ...................1,198 ...................1,179 ...................1,182 .......................... .................(218) ............................ .......................... ..........8.500 ..........5.259 MON.. ......................8 ..................100 07/26/2007. 03/01/2011.<br />
31410F YL 3 FNMA PL# 888215.............................................................................. RR.. .. .........2 ......1 ..........14,123,148 ......103.984 ..........14,504,967 ..........13,949,229 ..........14,064,145 .......................... ............(48,738) ............................ .......................... ..........6.500 ..........6.147 MON.. .............75,558 ...........906,701 06/28/2007. 12/01/2036.<br />
31410K BW 3 FNMA PL# 889353.............................................................................. ....... .. .........2 ......1 ..........22,925,389 ......101.391 ..........22,899,967 ..........22,585,799 ..........22,923,349 .......................... ..............(2,199) ............................ .......................... ..........5.225 ..........5.126 MON.. .............98,342 ...........472,480 08/29/2008. 03/01/2038.<br />
31410K JY 1 FNMA PL# 889579.............................................................................. RR.. .. .........2 ......1 ..........47,139,423 ......103.061 ..........48,344,480 ..........46,908,608 ..........47,116,233 .......................... ............(22,745) ............................ .......................... ..........6.000 ..........5.876 MON.. ...........234,543 ........1,407,258 06/24/2008. 05/01/2038.<br />
31411W GD 3 FNMA PL# 916496.............................................................................. RR.. .. .........2 ......1 ..........27,999,681 ......102.624 ..........30,258,345 ..........29,484,667 ..........28,300,676 .......................... ...........254,501 ............................ .......................... ..........5.500 ..........6.488 MON.. ...........135,138 ........1,621,655 06/13/2007. 06/01/2037.<br />
31411Y VR 1 FNMA PL# 918724.............................................................................. RR.. .. .........2 ......1 ..........14,026,604 ......102.624 ..........15,104,142 ..........14,717,943 ..........14,164,701 .......................... ...........106,190 ............................ .......................... ..........5.500 ..........6.412 MON.. .............67,457 ...........809,486 06/13/2007. 06/01/2037.<br />
31412F PT 4 FNMA PL# 923934.............................................................................. ....... .. .........2 ......1 ............4,212,775 ......103.192 ............4,376,220 ............4,240,852 ............4,220,277 .......................... ...............6,540 ............................ .......................... ..........6.000 ..........6.163 MON.. .............21,204 ...........254,451 08/02/2007. 03/01/2037.<br />
31413T UH 3 FNMA PL# 955184.............................................................................. ....... .. .........2 ......1 .................23,059 ......103.979 .................23,313 .................22,421 .................22,917 .......................... .................(147) ............................ .......................... ..........6.500 ..........5.721 MON.. ..................121 ...............1,335 12/13/2007. 11/01/2037.<br />
31414C JT 6 FNMA PL# 962074.............................................................................. ....... .. .........2 ......1 ............9,474,568 ......103.051 ............9,711,762 ............9,424,229 ............9,470,261 .......................... ..............(4,268) ............................ .......................... ..........6.000 ..........5.872 MON.. .............47,121 ...........235,606 06/26/2008. 03/01/2038.<br />
31415C LT 2 FNMA PL# 982838.............................................................................. RR.. .. .........2 ......1 ..........30,833,554 ......100.514 ..........31,532,188 ..........31,370,941 ..........30,858,247 .......................... .............25,093 ............................ .......................... ..........5.500 ..........5.785 MON.. ...........143,783 ...........741,013 08/29/2008. 05/01/2038.<br />
31368H LW 1 FNMA PL#190341............................................................................... ....... .. .........2 ......1 .................20,990 ......103.232 .................21,585 .................20,909 .................20,987 .......................... .....................(3) ............................ .......................... ..........5.000 ..........4.917 MON.. ....................87 ..................174 10/07/2008. 09/01/2018.<br />
31360C V4 1 FNMA PL#2435................................................................................... ....... .. .........2 ......1 ......................775 ......110.807 ......................824 ......................744 ......................744 .......................... .......................... ............................ .......................... ........15.500 ........15.501 MON.. ....................10 ..................115 07/12/1983. 10/01/2012.<br />
31371E WU 5 FNMA PL#250059 PSTHR.................................................................. ....... .. .........2 ......1 ...............123,522 ......105.894 ...............159,911 ...............151,010 ...............142,211 .......................... ...............1,808 ............................ .......................... ..........7.000 ..........8.971 MON.. ..................881 .............10,571 10/11/1994. 06/01/2024.<br />
31371E W3 5 FNMA PL#250066............................................................................... ....... .. .........2 ......1 .................82,883 ......105.997 .................87,336 .................82,394 .................82,536 .......................... ...................(15) ............................ .......................... ..........8.000 ..........7.940 MON.. ..................549 ...............6,591 05/20/1994. 05/01/2024.<br />
31371E XN 0 FNMA PL#250085............................................................................... ....... .. .........2 ......1 .................76,394 ......105.997 .................80,517 .................75,962 .................76,086 .......................... ...................(26) ............................ .......................... ..........8.000 ..........7.943 MON.. ..................506 ...............6,077 06/03/1994. 06/01/2024.<br />
31371E ZH 1 FNMA PL#250144 PSTHR.................................................................. ....... .. .........2 ......1 ...............137,936 ......105.997 ...............159,419 ...............150,399 ...............146,661 .......................... ..................328 ............................ .......................... ..........8.000 ..........8.894 MON.. ...............1,003 .............12,032 10/13/1994. 10/01/2024.
E10.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31371G N6 3 FNMA PL#251613 PSTHR.................................................................. ....... .. .........2 ......1 ............3,012,121 ......104.656 ............3,109,805 ............2,971,454 ............2,971,454 .......................... .......................... ............................ .......................... ..........6.500 ..........6.483 MON.. .............16,095 ...........193,145 12/29/2000. 04/01/2028.<br />
31371H 6S 2 FNMA PL#252981............................................................................... ....... .. .........2 ......1 ............1,019,014 ......105.917 ...............958,957 ...............905,386 ............1,040,613 .......................... .......................... ............................ .......................... ..........7.500 ..........7.449 MON.. ...............5,659 .............67,904 11/16/1999. 01/01/2030.<br />
31371K TC 5 FNMA PL#254447............................................................................... ....... .. .........2 ......1 ............2,308,803 ......103.332 ............2,374,587 ............2,298,017 ............2,304,057 .......................... ..............(1,182) ............................ .......................... ..........6.000 ..........5.937 MON.. .............11,490 ...........137,881 07/16/2002. 09/01/2032.<br />
31371K 5Z 0 FNMA PL#254764............................................................................... ....... .. .........2 ......1 ............3,340,124 ......102.878 ............3,238,379 ............3,147,785 ............3,240,065 .......................... ............(25,348) ............................ .......................... ..........5.500 ..........4.685 MON.. .............14,427 ...........173,128 04/25/2003. 06/01/2023.<br />
31371L CE 7 FNMA PL#254869 PSTHR.................................................................. ....... .. .........2 ......1 ............1,828,574 ......102.754 ............1,878,364 ............1,828,020 ............1,828,342 .......................... ...................(58) ............................ .......................... ..........5.500 ..........5.496 MON.. ...............8,378 ...........100,541 07/30/2003. 09/01/2033.<br />
31371M 3X 3 FNMA PL#256514............................................................................... ....... .. .........2 ......1 ...............107,103 ......103.067 ...............109,199 ...............105,950 ...............106,866 .......................... .................(243) ............................ .......................... ..........6.000 ..........5.732 MON.. ..................530 ...............6,357 11/02/2007. 12/01/2036.<br />
31371N QP 3 FNMA PL#257062............................................................................... ....... .. .........2 ......1 .................28,259 ......102.217 .................29,268 .................28,633 .................28,263 .......................... ......................4 ............................ .......................... ..........5.000 ..........5.116 MON.. ..................119 ..................358 09/19/2008. 01/01/2038.<br />
31371N XQ 3 FNMA PL#257287............................................................................... RR.. .. .........2 ......1 ..........14,554,347 ......100.514 ..........15,006,596 ..........14,929,857 ..........14,570,356 .......................... .............15,996 ............................ .......................... ..........5.500 ..........5.966 MON.. .............68,429 ...........273,714 08/29/2008. 07/01/2038.<br />
31372X 3J 9 FNMA PL#286201 PSTHR.................................................................. ....... .. .........2 ......1 ...................1,591 ......101.189 ...................1,759 ...................1,739 ...................1,734 .......................... ....................63 ............................ .......................... ..........7.000 ..........8.047 MON.. ....................10 ..................122 03/02/1995. 07/01/2009.<br />
31373T WJ 5 FNMA PL#303149 PSTHR.................................................................. ....... .. .........2 ......1 .................48,832 ......102.073 .................52,876 .................51,802 .................51,677 .......................... ..................502 ............................ .......................... ..........8.000 ..........8.703 MON.. ..................345 ...............4,144 12/20/1994. 02/01/2010.<br />
31373U P5 0 FNMA PL#303844 PSTHR.................................................................. ....... .. .........2 ......1 ...............161,437 ......102.903 ...............167,061 ...............162,348 ...............162,275 .......................... ..................131 ............................ .......................... ..........7.000 ..........7.066 MON.. ..................947 .............11,364 10/21/1996. 04/01/2011.<br />
31374F ZA 0 FNMA PL#313137 PSTHR.................................................................. ....... .. .........2 ......1 ...............333,967 ......103.914 ...............366,994 ...............353,171 ...............351,073 .......................... ...............2,685 ............................ .......................... ..........6.500 ..........7.131 MON.. ...............1,913 .............22,956 10/21/1996. 10/01/2011.<br />
31374W WC 2 FNMA PL#326543 PSTHR.................................................................. ....... .. .........2 ......1 .................42,401 ......105.900 .................46,935 .................44,320 .................43,779 .......................... ..................394 ............................ .......................... ..........7.000 ..........7.370 MON.. ..................259 ...............3,102 09/12/1995. 10/01/2025.<br />
31375B RR 0 FNMA PL#329996 PSTHR.................................................................. ....... .. .........2 ......1 ...............155,153 ......105.900 ...............180,208 ...............170,168 ...............165,654 .......................... ..................398 ............................ .......................... ..........7.000 ..........7.851 MON.. ..................993 .............11,912 10/17/1996. 11/01/2025.<br />
31375V S5 3 FNMA PL#346240 PSTHR.................................................................. ....... .. .........2 ......1 ...............205,596 ......104.719 ...............272,982 ...............260,680 ...............242,600 .......................... ...............2,676 ............................ .......................... ..........6.500 ..........8.646 MON.. ...............1,412 .............16,944 09/05/1996. 05/01/2026.<br />
31361W 5R 4 FNMA PL#44056 PSTHR.................................................................... ....... .. .........2 ......1 ...............150,310 ......106.984 ...............161,954 ...............151,381 ...............151,112 .......................... ....................91 ............................ .......................... ..........8.500 ..........8.581 MON.. ...............1,072 .............12,867 01/30/1995. 01/01/2018.<br />
31380M 6Q 4 FNMA PL#444679 PSTHR.................................................................. ....... .. .........2 ......1 ...............949,415 ......104.656 ...............944,802 ...............902,769 ...............922,020 .......................... ..............(6,675) ............................ .......................... ..........6.500 ..........5.948 MON.. ...............4,890 .............58,680 12/29/2000. 09/01/2028.<br />
31381D 3H 6 FNMA PL#458100 MEGA PL.............................................................. ....... .. .........2 ......1 ...................2,745 ......100.563 ...................2,271 ...................2,259 ...................2,293 .......................... .................(695) ............................ .......................... ..........5.500 ..........2.777 MON.. ....................10 ..................124 07/18/2003. 05/15/2009.<br />
31384C V4 3 FNMA PL#520035............................................................................... ....... .. .........2 ......1 .................62,612 ......116.052 .................63,410 .................54,639 .................59,162 .......................... ..............(2,878) ............................ .......................... ........11.500 ..........6.581 MON.. ..................524 ...............6,283 07/26/2007. 11/01/2016.<br />
31385W 2H 1 FNMA PL#555276............................................................................... ....... .. .........2 ......1 .................25,022 ......105.500 .................25,355 .................24,033 .................24,927 .......................... ...................(74) ............................ .......................... ..........7.500 ..........6.948 MON.. ..................150 ...............1,802 07/26/2007. 03/01/2025.<br />
31388N F9 2 FNMA PL#609592............................................................................... ....... .. .........2 ......1 ...................7,243 ......103.426 ...................7,466 ...................7,219 ...................7,230 .......................... .....................(4) ............................ .......................... ..........6.000 ..........5.962 MON.. ....................36 ..................433 10/25/2001. 11/01/2031.<br />
31388U C9 9 FNMA PL#614896............................................................................... ....... .. .........2 ......1 ...............863,504 ......104.656 ...............805,105 ...............769,287 ...............817,572 .......................... ............(10,101) ............................ .......................... ..........6.500 ..........4.876 MON.. ...............4,167 .............50,004 07/16/2002. 12/01/2031.<br />
31389K EN 7 FNMA PL#627541............................................................................... ....... .. .........2 ......1 ...............131,103 ......104.124 ...............126,551 ...............121,539 ...............124,993 .......................... ..............(1,764) ............................ .......................... ..........6.000 ..........4.900 MON.. ..................608 ...............7,292 06/26/2002. 02/01/2017.<br />
31389K LB 5 FNMA PL#627722............................................................................... ....... .. .........2 ......1 .................79,580 ......104.124 .................75,331 .................72,347 .................74,749 .......................... ..............(1,286) ............................ .......................... ..........6.000 ..........4.745 MON.. ..................362 ...............4,341 06/26/2002. 02/01/2017.<br />
31389N KN 4 FNMA PL#630401 PSTHR.................................................................. ....... .. .........2 ......1 ............1,367,455 ......104.344 ............1,428,555 ............1,369,082 ............1,368,227 .......................... ..................147 ............................ .......................... ..........6.500 ..........6.516 MON.. ...............7,416 .............88,990 01/23/2002. 03/01/2032.<br />
31390D WD 2 FNMA PL#643344 PSTHR.................................................................. ....... .. .........2 ......1 ...............282,437 ......104.124 ...............253,798 ...............243,746 ...............255,277 .......................... ............(10,244) ............................ .......................... ..........6.000 ..........4.200 MON.. ...............1,219 .............14,625 06/28/2002. 06/01/2017.<br />
31362N NT 9 FNMA PL#66102 PSTHR.................................................................... ....... .. .........2 ......1 .................12,163 ......100.936 .................10,798 .................10,698 .................10,855 .......................... ..............(1,227) ............................ .......................... ..........9.000 ..........7.524 MON.. ....................80 ..................963 06/12/1996. 08/01/2009.<br />
31400D MC 3 FNMA PL#684455............................................................................... ....... .. .........2 ......1 ...................9,466 ......102.073 ...................9,355 ...................9,165 ...................9,217 .......................... .................(309) ............................ .......................... ..........8.000 ..........5.930 MON.. ....................61 ..................733 07/26/2007. 10/01/2009.<br />
31400S BV 0 FNMA PL#695852............................................................................... ....... .. .........2 ......1 ............7,469,678 ......103.232 ............7,421,870 ............7,189,505 ............7,318,019 .......................... ............(36,842) ............................ .......................... ..........5.000 ..........4.416 MON.. .............29,956 ...........359,476 04/08/2004. 05/01/2018.<br />
31400S TR 0 FNMA PL#696360............................................................................... ....... .. .........2 ......1 ............1,278,889 ......102.754 ............1,298,263 ............1,263,468 ............1,272,546 .......................... ..............(1,230) ............................ .......................... ..........5.500 ..........5.345 MON.. ...............5,791 .............69,491 12/02/2003. 03/01/2033.<br />
31402C 5F 5 FNMA PL#725446............................................................................... ....... .. .........2 ......1 ...............155,627 ......104.187 ...............158,280 ...............151,919 ...............155,425 .......................... .................(203) ............................ .......................... ..........6.000 ..........5.191 MON.. ..................760 ...............1,519 10/02/2008. 03/01/2018.<br />
31402D DB 3 FNMA PL#725598............................................................................... ....... .. .........2 ......1 ............3,509,008 ......102.692 ............3,586,320 ............3,492,307 ............3,507,097 .......................... ..............(2,014) ............................ .......................... ..........5.500 ..........5.411 MON.. .............16,006 ...........160,064 02/14/2008. 07/01/2034.<br />
31402E 2V 9 FNMA PL#727188 PSTHR.................................................................. ....... .. .........2 ......1 ............2,945,191 ......102.364 ............3,146,172 ............3,073,515 ............2,994,013 .......................... .............10,776 ............................ .......................... ..........5.000 ..........5.494 MON.. .............12,806 ...........153,676 07/30/2003. 08/01/2033.<br />
31402R RN 1 FNMA PL#735893............................................................................... ....... .. .........2 ......1 ...............200,515 ......102.239 ...............202,967 ...............198,522 ...............200,510 .......................... .....................(5) ............................ .......................... ..........5.000 ..........4.906 MON.. ..................827 .......................... 12/09/2008. 10/01/2035.<br />
31402R UF 4 FNMA PL#735982 ARM...................................................................... ....... .. .......23 ......1 .................43,129 ......100.340 .................43,931 .................43,782 .................43,167 .......................... ....................34 ............................ .......................... ..........4.794 ..........4.925 MON.. ..................175 ...............2,099 07/26/2007. 11/01/2035.<br />
31403C Y7 0 FNMA PL#745134............................................................................... RR.. .. .........2 ......1 ............5,103,286 ......102.629 ............5,257,106 ............5,122,437 ............5,105,303 .......................... ...............2,102 ............................ .......................... ..........5.500 ..........5.569 MON.. .............23,478 ...........211,301 02/22/2008. 10/01/2035.<br />
31403C 6L 0 FNMA PL#745275............................................................................... ....... .. .........2 ......1 ..........47,351,868 ......102.239 ..........48,623,105 ..........47,558,275 ..........47,372,239 .......................... .............21,106 ............................ .......................... ..........5.000 ..........5.070 MON.. ...........198,159 ........1,981,597 01/31/2008. 02/01/2036.<br />
31403D BX 6 FNMA PL#745354............................................................................... RR.. .. .........2 ......1 ............7,559,859 ......102.629 ............7,800,843 ............7,601,012 ............7,563,225 .......................... ...............3,409 ............................ .......................... ..........5.500 ..........5.599 MON.. .............34,838 ...........243,866 04/18/2008. 03/01/2036.<br />
31403D ED 7 FNMA PL#745432............................................................................... ....... .. .........2 ......1 ............9,619,583 ......102.629 ............9,773,254 ............9,522,897 ............9,611,829 .......................... ..............(7,848) ............................ .......................... ..........5.500 ..........5.319 MON.. .............43,647 ...........305,526 05/09/2008. 04/01/2036.<br />
31403D T6 6 FNMA PL#745873............................................................................... ....... .. .........2 ......1 ............2,285,375 ......101.692 ............2,285,389 ............2,247,363 ............2,285,296 .......................... ...................(79) ............................ .......................... ..........5.500 ..........5.343 MON.. .............10,300 .......................... 12/09/2008. 10/01/2036.<br />
31403E B9 7 FNMA PL#746264............................................................................... ....... .. .........2 ......1 ............4,331,504 ......103.232 ............4,283,626 ............4,149,514 ............4,232,828 .......................... ............(23,891) ............................ .......................... ..........5.000 ..........4.356 MON.. .............17,290 ...........207,476 04/08/2004. 10/01/2018.<br />
31403G K2 7 FNMA PL#748313............................................................................... ....... .. .........2 ......1 ............2,154,318 ......103.270 ............2,033,997 ............1,969,591 ............2,075,176 .......................... ............(23,299) ............................ .......................... ..........6.000 ..........4.722 MON.. ...............9,848 ...........118,175 02/03/2004. 12/01/2033.<br />
31405K WS 6 FNMA PL#791857 ARM...................................................................... ....... .. .......23 ......1 ...............481,274 ......104.648 ...............497,242 ...............475,156 ...............479,945 .......................... .................(224) ............................ .......................... ..........5.147 ..........5.049 MON.. ...............2,038 .............24,451 12/28/2004. 08/01/2034.<br />
31405R 2L 9 FNMA PL#797379............................................................................... ....... .. .........2 ......1 ............4,336,805 ......102.607 ............4,465,402 ............4,351,946 ............4,344,053 .......................... ...............2,491 ............................ .......................... ..........4.500 ..........4.552 MON.. .............16,320 ...........195,838 11/12/2004. 11/01/2019.<br />
31406S TV 5 FNMA PL#818764............................................................................... ....... .. .........2 ......1 ..........27,300,723 ......102.629 ..........27,793,696 ..........27,081,718 ..........27,223,879 .......................... ............(21,375) ............................ .......................... ..........5.500 ..........5.389 MON.. ...........124,125 ........1,489,493 03/10/2005. 02/01/2035.<br />
31360K DU 5 FNMA PL#8215 PSTHR...................................................................... ....... .. .........2 ......1 ...................4,822 ......100.170 ...................4,244 ...................4,237 ...................4,288 .......................... .................(713) ............................ .......................... ..........9.000 ..........7.503 MON.. ....................32 ..................381 06/12/1996. 06/01/2009.<br />
31360K EP 5 FNMA PL#8242................................................................................... ....... .. .........2 ......1 .................20,597 ......102.019 .................21,315 .................20,893 .................20,881 .......................... ....................77 ............................ .......................... ..........9.500 ..........9.716 MON.. ..................165 ...............1,985 03/28/1990. 12/01/2009.<br />
31408E RV 6 FNMA PL#849300............................................................................... RR.. .. .........2 ......1 ..........14,204,653 ......103.082 ..........14,444,224 ..........14,012,363 ..........14,144,708 .......................... ............(35,306) ............................ .......................... ..........6.000 ..........5.715 MON.. .............70,062 ...........840,742 01/04/2007. 02/01/2036.<br />
31409J VZ 0 FNMA PL#872832............................................................................... ....... .. .........2 ......1 .................14,757 ......103.984 .................14,682 .................14,120 .................14,616 .......................... .................(147) ............................ .......................... ..........6.500 ..........5.147 MON.. ....................76 ..................765 01/23/2008. 06/01/2036.<br />
31409T RH 3 FNMA PL#878088............................................................................... RR.. .. .........2 ......1 ..........13,721,807 ......102.629 ..........13,978,959 ..........13,620,866 ..........13,713,518 .......................... ..............(8,425) ............................ .......................... ..........5.500 ..........5.365 MON.. .............62,429 ...........437,003 05/02/2008. 04/01/2036.<br />
31410G AF 0 FNMA PL#888406............................................................................... ....... .. .........2 ......1 ..........15,164,825 ......102.239 ..........15,497,916 ..........15,158,517 ..........15,164,211 .......................... .................(633) ............................ .......................... ..........5.000 ..........4.993 MON.. .............63,160 ...........631,605 02/01/2008. 08/01/2036.<br />
31410G EK 5 FNMA PL#888538............................................................................... RR.. .. .........2 ......1 ............7,177,165 ......102.629 ............7,356,014 ............7,167,579 ............7,176,160 .......................... ..............(1,041) ............................ .......................... ..........5.500 ..........5.475 MON.. .............32,851 ...........295,662 02/28/2008. 01/01/2037.<br />
31410G GB 3 FNMA PL#888594............................................................................... RR.. .. .........2 ......1 .................45,741 ......103.890 .................46,173 .................44,444 .................45,591 .......................... .................(155) ............................ .......................... ..........6.000 ..........5.228 MON.. ..................222 ...............1,333 05/14/2008. 08/01/2022.<br />
31410G JX 2 FNMA PL#888678............................................................................... ....... .. .........2 ......1 ..........15,290,482 ......102.239 ..........15,743,688 ..........15,398,907 ..........15,300,821 .......................... .............10,663 ............................ .......................... ..........5.000 ..........5.111 MON.. .............64,162 ...........639,968 10/09/2008. 12/01/2036.
E10.11<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31410G KD 4 FNMA PL#888692............................................................................... ....... .. .........2 ......1 .................13,026 ......102.692 .................13,574 .................13,219 .................13,047 .......................... ....................21 ............................ .......................... ..........5.500 ..........5.775 MON.. ....................61 ..................545 03/06/2008. 09/01/2036.<br />
31410G KH 5 FNMA PL#888696............................................................................... ....... .. .........2 ......1 .................17,437 ......103.984 .................17,364 .................16,699 .................17,274 .......................... .................(172) ............................ .......................... ..........6.500 ..........5.181 MON.. ....................90 ..................905 01/24/2008. 07/01/2037.<br />
31410G LR 2 FNMA PL#888736............................................................................... ....... .. .........2 ......1 ..........13,475,559 ......101.491 ..........13,634,486 ..........13,434,182 ..........13,466,771 .......................... ..............(9,038) ............................ .......................... ..........6.000 ..........5.926 MON.. .............67,171 ...........806,051 10/26/2007. 10/01/2037.<br />
31410G N4 1 FNMA PL#888811............................................................................... ....... .. .........2 ......1 .................12,256 ......103.984 .................12,151 .................11,685 .................12,132 .......................... .................(135) ............................ .......................... ..........6.500 ..........5.059 MON.. ....................63 ..................633 01/23/2008. 03/01/2037.<br />
31410K JR 6 FNMA PL#889572............................................................................... ....... .. .........2 ......1 ............7,079,667 ......102.624 ............7,301,530 ............7,114,837 ............7,081,611 .......................... ...............1,937 ............................ .......................... ..........5.500 ..........5.599 MON.. .............32,610 ...........130,439 07/11/2008. 06/01/2038.<br />
31410K Q2 3 FNMA PL#889773............................................................................... ....... .. .........2 ......1 ...............179,129 ......103.051 ...............182,942 ...............177,525 ...............179,118 .......................... ...................(11) ............................ .......................... ..........6.000 ..........5.917 MON.. ..................888 ...............1,775 10/09/2008. 08/01/2038.<br />
31410P QT 3 FNMA PL#893366............................................................................... RR.. .. .........2 ......1 ..........25,917,681 ......102.301 ..........26,475,038 ..........25,879,549 ..........25,913,913 .......................... ..............(3,853) ............................ .......................... ..........5.000 ..........4.977 MON.. ...........107,831 ........1,078,316 02/01/2008. 04/01/2035.<br />
31410Q H2 0 FNMA PL#894049............................................................................... ....... .. .........2 ......1 .................11,071 ......103.984 .................10,962 .................10,542 .................10,955 .......................... .................(128) ............................ .......................... ..........6.500 ..........5.016 MON.. ....................57 ..................571 01/23/2008. 10/01/2036.<br />
31410W ZR 2 FNMA PL#89952................................................................................. ....... .. .........2 ......1 ...................9,522 ......102.217 ...................9,835 ...................9,621 ...................9,523 .......................... ......................1 ............................ .......................... ..........5.000 ..........5.092 MON.. ....................40 ..................120 09/19/2008. 12/01/2037.<br />
31410W M7 0 FNMA PL#899582............................................................................... RR.. .. .........2 ......1 ..........65,624,043 ......103.061 ..........68,863,131 ..........66,817,837 ..........65,943,947 .......................... ...........253,471 ............................ .......................... ..........6.000 ..........6.426 MON.. ...........334,089 ........4,009,071 06/12/2007. 07/01/2037.<br />
31410W QR 2 FNMA PL#899664............................................................................... ....... .. .........2 ......1 ............9,916,508 ......103.061 ..........10,246,627 ............9,942,293 ............9,918,491 .......................... ...............1,967 ............................ .......................... ..........6.000 ..........6.067 MON.. .............49,711 ...........198,846 07/17/2008. 08/01/2037.<br />
31411E UE 5 FNMA PL#906081............................................................................... RR.. .. .........2 ......1 ..........35,354,348 ......102.629 ..........36,537,464 ..........35,601,501 ..........35,417,611 .......................... .............40,500 ............................ .......................... ..........5.500 ..........5.624 MON.. ...........163,174 ........1,958,081 01/04/2007. 01/01/2037.<br />
31411N VK 0 FNMA PL#912418............................................................................... ....... .. .........2 ......1 ..........16,340,510 ......102.629 ..........17,030,266 ..........16,594,009 ..........16,403,984 .......................... .............42,007 ............................ .......................... ..........5.500 ..........5.780 MON.. .............76,056 ...........912,670 01/19/2007. 02/01/2037.<br />
31412E JD 9 FNMA PL#922860............................................................................... ....... .. .........2 ......1 ............4,866,817 ......101.491 ............4,909,102 ............4,836,983 ............4,864,441 .......................... ..............(2,330) ............................ .......................... ..........6.000 ..........5.814 MON.. .............24,185 .............72,555 08/29/2008. 11/01/2036.<br />
31412M JY 5 FNMA PL#929179............................................................................... ....... .. .........2 ......1 .................52,791 ......102.301 .................55,006 .................53,769 .................52,800 .......................... ......................9 ............................ .......................... ..........5.000 ..........5.171 MON.. ..................224 ..................448 10/02/2008. 01/01/2036.<br />
31413E DZ 5 FNMA PL#943020............................................................................... ....... .. .........2 ......1 ..........18,924,702 ......102.538 ..........19,421,361 ..........18,940,647 ..........18,993,136 .......................... ..............(2,035) ............................ .......................... ..........6.150 ..........6.124 MON.. .............97,071 ........1,163,950 08/16/2007. 08/01/2037.<br />
31413F JR 4 FNMA PL#944072............................................................................... ....... .. .........2 ......1 .................17,689 ......103.979 .................17,548 .................16,876 .................17,520 .......................... .................(181) ............................ .......................... ..........6.500 ..........5.131 MON.. ....................91 ..................914 01/23/2008. 07/01/2037.<br />
31413F N7 3 FNMA PL#944214............................................................................... RR.. .. .........2 ......1 ..........29,963,259 ......103.061 ..........31,444,690 ..........30,510,756 ..........30,109,638 .......................... ...........116,516 ............................ .......................... ..........6.000 ..........6.427 MON.. ...........152,554 ........1,830,645 06/12/2007. 07/01/2037.<br />
31413F 4A 7 FNMA PL#944617............................................................................... RR.. .. .........2 ......1 ..........83,004,728 ......103.061 ..........86,662,128 ..........84,088,189 ..........83,292,418 .......................... ...........229,672 ............................ .......................... ..........6.000 ..........6.304 MON.. ...........420,441 ........5,045,291 06/28/2007. 07/01/2037.<br />
31413F 4C 3 FNMA PL#944619............................................................................... RR.. .. .........2 ......1 ..........71,265,236 ......103.061 ..........74,830,009 ..........72,607,494 ..........71,623,747 .......................... ...........296,496 ............................ .......................... ..........6.000 ..........6.439 MON.. ...........363,037 ........4,356,450 06/12/2007. 07/01/2037.<br />
31413H AR 9 FNMA PL#945616............................................................................... ....... .. .........2 ......1 .................13,594 ......103.979 .................13,491 .................12,975 .................13,467 .......................... .................(136) ............................ .......................... ..........6.500 ..........5.165 MON.. ....................70 ..................703 01/23/2008. 08/01/2037.<br />
31413K AG 6 FNMA PL#947407............................................................................... ....... .. .........2 ......1 .................72,300 ......103.165 .................73,840 .................71,575 .................72,231 .......................... ...................(70) ............................ .......................... ..........5.500 ..........5.270 MON.. ..................328 ...............1,968 06/05/2008. 10/01/2022.<br />
31413K HV 6 FNMA PL#947644............................................................................... ....... .. .........2 ......1 ............................. ......102.290 ............................. ............................. ............................. .......................... ..............(9,615) ............................ .......................... ..........6.000 ................... MON.. ...........119,327 .......................... 11/02/2007. 10/01/2037.<br />
31414A QZ 8 FNMA PL#960472............................................................................... ....... .. .........2 ......1 .................22,889 ......103.165 .................23,356 .................22,640 .................22,865 .......................... ...................(24) ............................ .......................... ..........5.500 ..........5.255 MON.. ..................104 ..................623 06/06/2008. 01/01/2023.<br />
31414B R5 1 FNMA PL#961408............................................................................... ....... .. .........2 ......1 ...................4,671 ......102.207 ...................4,824 ...................4,720 ...................4,672 .......................... ......................1 ............................ .......................... ..........5.000 ..........5.091 MON.. ....................20 ....................59 09/19/2008. 02/01/2038.<br />
31414B S5 0 FNMA PL#961440............................................................................... ....... .. .........2 ......1 ............................. ......101.728 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........5.500 ................... MON.. .............42,272 .......................... 08/29/2008. 02/01/2038.<br />
31414C 3P 1 FNMA PL#962606............................................................................... ....... .. .........2 ......1 .................93,573 ......102.207 ...............100,267 .................98,102 .................93,799 .......................... ..................228 ............................ .......................... ..........5.000 ..........5.760 MON.. ..................409 ...............2,044 06/09/2008. 04/01/2038.<br />
31414D TH 9 FNMA PL#963252............................................................................... ....... .. .........2 ......1 ..........16,139,944 ......103.051 ..........16,552,594 ..........16,062,526 ..........16,133,476 .......................... ..............(6,404) ............................ .......................... ..........6.000 ..........5.886 MON.. .............80,313 ...........401,563 06/20/2008. 05/01/2038.<br />
31414E U8 5 FNMA PL#964207............................................................................... RR.. .. .........2 ......1 ............9,853,848 ......103.051 ..........10,096,479 ............9,797,556 ............9,849,251 .......................... ..............(4,559) ............................ .......................... ..........6.000 ..........5.866 MON.. .............48,988 ...........244,939 06/20/2008. 07/01/2038.<br />
31414F LB 5 FNMA PL#964822............................................................................... ....... .. .........2 ......1 ............................. ......101.718 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........5.500 ................... MON.. ...........122,180 .......................... 08/26/2008. 08/01/2038.<br />
31414S J5 3 FNMA PL#974684............................................................................... ....... .. .........2 ......1 ..........30,113,227 ......103.051 ..........30,944,860 ..........30,028,685 ..........30,106,514 .......................... ..............(6,681) ............................ .......................... ..........6.000 ..........5.931 MON.. ...........150,143 ...........750,717 07/24/2008. 04/01/2038.<br />
31414T KL 4 FNMA PL#975599............................................................................... ....... .. .........2 ......1 ............4,843,684 ......102.614 ............5,013,019 ............4,885,317 ............4,844,325 .......................... ..................653 ............................ .......................... ..........5.500 ..........5.576 MON.. .............22,391 ...........111,955 07/10/2008. 07/01/2038.<br />
31414U JQ 2 FNMA PL#976471............................................................................... ....... .. .........2 ......1 .................56,092 ......102.614 .................57,432 .................55,969 .................56,091 .......................... .....................(1) ............................ .......................... ..........5.500 ..........5.480 MON.. ..................257 ..................513 10/08/2008. 04/01/2038.<br />
31414X U3 4 FNMA PL#979502............................................................................... ....... .. .........2 ......1 ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........4.500 ................... MON.. ..................661 .......................... 12/02/2008. 04/01/2038.<br />
31415A 4B 4 FNMA PL#981518............................................................................... ....... .. .........2 ......1 ...............187,382 ......102.207 ...............200,839 ...............196,502 ...............187,839 .......................... ..................459 ............................ .......................... ..........5.000 ..........5.766 MON.. ..................819 ...............4,094 06/09/2008. 05/01/2038.<br />
31415M DK 8 FNMA PL#984006............................................................................... ....... .. .........2 ......1 ............8,789,615 ......102.614 ............9,142,611 ............8,909,711 ............8,795,015 .......................... ...............5,399 ............................ .......................... ..........5.500 ..........5.777 MON.. .............40,836 ...........122,508 08/28/2008. 05/01/2038.<br />
31415M QU 2 FNMA PL#984367............................................................................... ....... .. .........2 ......1 ..........13,307,576 ......102.614 ..........14,089,668 ..........13,730,746 ..........13,329,017 .......................... .............21,463 ............................ .......................... ..........5.500 ..........6.093 MON.. .............62,933 ...........251,730 07/18/2008. 05/01/2038.<br />
31415R CW 2 FNMA PL#986685............................................................................... ....... .. .........2 ......1 .................94,545 ......102.207 ...............101,261 .................99,074 .................94,768 .......................... ..................225 ............................ .......................... ..........5.000 ..........5.747 MON.. ..................413 ...............2,064 06/09/2008. 06/01/2038.<br />
31415S ST 0 FNMA PL#988030............................................................................... RR.. .. .........2 ......1 ..........28,766,763 ......103.051 ..........29,795,283 ..........28,913,143 ..........28,776,909 .......................... .............10,018 ............................ .......................... ..........6.000 ..........6.121 MON.. ...........144,566 ...........578,263 07/18/2008. 08/01/2038.<br />
31374T HL 6 FNMA POOL # 323435 PSTHR.......................................................... ....... .. .........2 ......1 ............1,290,683 ......105.894 ............1,288,790 ............1,217,057 ............1,244,454 .......................... ..............(4,670) ............................ .......................... ..........7.000 ..........6.360 MON.. ...............7,100 .............85,194 11/09/1998. 11/01/2028.<br />
31380S LN 1 FNMA POOL #448633 PSTHR........................................................... ....... .. .........2 ......1 ...............945,738 ......104.656 ...............952,766 ...............910,378 ...............925,932 .......................... ..............(4,719) ............................ .......................... ..........6.500 ..........6.031 MON.. ...............4,931 .............59,174 12/29/2000. 11/01/2028.<br />
31358U EP 7 FNMA SER 93-32 CL H PAC (11) C................................................... ....... .. .........2 ......1 ...............492,057 ......102.754 ...............557,796 ...............542,846 ...............527,003 .......................... ...............2,440 ............................ .......................... ..........6.000 ..........7.084 MON.. ...............2,714 .............32,571 11/06/1996. 03/25/2023.<br />
2699999. Special Revenue - Single Class Mtg.-Backed/Asset-Backed Securities.................................................. .....1,396,657,425 ....XXX....... .....1,443,965,671 .....1,406,966,183 .....1,398,027,862 ......................0 ........1,763,801 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........6,806,946 ......61,057,014 .....XXX....... .....XXX.......<br />
Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and <strong>The</strong>ir Political Subdivisions - Defined Multi-Class Residential Mortgage-Backed Securities<br />
31358S YW 5 FANNIE MAE MULTI-FAM REMIC TR............................................... ....... .. .......23 ......1 ..........12,827,198 ......124.000 ..........12,823,129 ..........10,341,233 ..........12,548,763 .......................... ............(75,963) ............................ .......................... ........11.025 ..........8.453 MON.. .............95,016 ........1,001,146 10/01/2001. 12/15/2026.<br />
3133XD M9 9 FEDERAL HOME LOAN BANKS FHLB B.......................................... ....... .. .........2 ......1 ..........22,566,968 ......101.250 ..........22,846,359 ..........22,564,305 ..........22,564,737 .......................... ..............(1,028) ............................ .......................... ..........5.140 ..........5.137 MON.. .............19,330 ........1,159,805 10/26/2005. 10/25/2012.<br />
3133XB RJ 6 FEDERAL HOME LOAN BANKS FHLB Q.......................................... C.... .. .........2 ......1 ..........21,420,141 ......101.000 ..........21,857,624 ..........21,641,212 ..........21,537,833 .......................... .............50,128 ............................ .......................... ..........4.910 ..........5.077 MON.. ...............8,855 ........1,062,584 10/14/2005. 04/28/2015.<br />
3133XC QE 6 FEDERAL HOME LOAN BANKS FHLB S.......................................... ....... .. .........2 ......1 ..........12,314,238 ......101.500 ..........12,473,230 ..........12,288,896 ..........12,296,800 .......................... ..............(3,178) ............................ .......................... ..........5.250 ..........5.215 MON.. ...............5,376 ...........645,167 10/04/2005. 07/28/2015.<br />
3133XC WG 4 FEDERAL HOME LOAN BANKS FHLB S.......................................... ....... .. .........2 ......1 ..........10,946,621 ......101.500 ..........11,125,678 ..........10,961,259 ..........10,952,858 .......................... ...............2,233 ............................ .......................... ..........5.200 ..........5.224 MON.. .............11,083 ...........569,986 10/04/2005. 08/24/2015.<br />
3133XC YP 2 FEDERAL HOME LOAN BANKS FHLB S.......................................... ....... .. .........2 ......1 ............4,943,142 ......100.750 ............5,020,380 ............4,983,008 ............4,983,008 .......................... .............30,154 ............................ .......................... ..........5.030 ..........5.030 MON.. ...............4,874 ...........250,645 10/06/2005. 08/24/2015.<br />
3133XB GD 1 FEDERAL HOME LOAN BANKS FHLB 6........................................... ....... .. .........2 ......1 ..........18,212,879 ......100.840 ..........18,234,382 ..........18,082,489 ..........18,161,005 .......................... ............(24,641) ............................ .......................... ..........5.125 ..........4.989 MON.. .............15,445 ...........926,728 10/05/2005. 04/25/2012.<br />
3133XC YN 7 FEDERAL HOME LOAN BANKS FHLB 9........................................... ....... .. .........2 ......1 ..........13,288,986 ......100.500 ..........13,458,792 ..........13,391,833 ..........13,352,877 .......................... .............23,933 ............................ .......................... ..........4.820 ..........5.007 MON.. .............16,137 ...........645,486 10/06/2005. 08/22/2012.<br />
312909 PF 5 FHLMC #1249 CL-B PO STRIP.......................................................... ....... .. .........2 ......1 ...................3,020 ........84.608 .................12,836 .................15,171 .................15,171 .......................... .......................... ............................ .......................... ................... ........20.205 MON.. .......................... .......................... 05/21/1992. 04/15/2022.
E10.12<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
312903 DH 7 FHLMC FHR 105 E BPAC................................................................... ....... .. .........2 ......1 ...............413,822 ........99.958 ...............404,350 ...............404,520 ...............404,520 .......................... .......................... ............................ .......................... ..........8.700 ..........8.700 MON.. ...............4,497 .............35,160 05/09/1994. 01/15/2021.<br />
312905 ES 7 FHLMC FHR 1054 E SEQ................................................................... ....... .. .........2 ......1 .................66,418 ........99.875 .................72,158 .................72,248 .................72,248 .......................... .......................... ............................ .......................... ..........8.500 ..........8.500 MON.. ..................512 ...............6,141 03/12/1991. 03/15/2021.<br />
312905 PC 0 FHLMC FHR 1065 J BPAC................................................................. ....... .. .........2 ......1 ...............173,315 ......106.970 ...............179,451 ...............167,758 ...............167,758 .......................... .......................... ............................ .......................... ..........9.000 ..........9.000 MON.. ...............1,258 .............15,098 05/11/1994. 04/15/2021.<br />
312905 L3 4 FHLMC FHR 1078 GZ XACC.............................................................. ....... .. .........2 ......1 ...............609,092 ......103.629 ...............669,657 ...............646,207 ...............646,207 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 MON.. ...............3,500 .............42,004 06/06/1997. 05/15/2021.<br />
312905 4P 4 FHLMC FHR 1092 K BPAC................................................................. ....... .. .........2 ......1 ...............418,029 ........99.875 ...............425,652 ...............426,185 ...............426,185 .......................... .......................... ............................ .......................... ..........8.500 ..........8.499 MON.. ...............3,019 .............36,182 02/14/1992. 06/15/2021.<br />
312906 XG 0 FHLMC FHR 1125 Z XACC................................................................. ....... .. .........2 ......1 .................98,541 ......109.738 ...............105,189 .................95,854 .................95,854 .......................... .......................... ............................ .......................... ..........8.250 ..........8.250 MON.. ..................659 ...............7,903 04/13/1993. 08/15/2021.<br />
312907 FV 5 FHLMC FHR 1142 IA BPAC............................................................... ....... .. .........2 ......1 ...............467,885 ......107.270 ...............497,779 ...............464,043 ...............464,043 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MON.. ...............2,707 .............32,415 01/16/1996. 10/15/2021.<br />
312906 6S 4 FHLMC FHR 1143 Z XACC................................................................. ....... .. .........2 ......1 ...............472,065 ......106.278 ...............492,396 ...............463,310 ...............463,310 .......................... .......................... ............................ .......................... ..........7.500 ..........7.500 MON.. ...............2,896 .............34,748 08/05/1997. 10/15/2021.<br />
312907 SM 1 FHLMC FHR 1161 I BPAC.................................................................. ....... .. .........2 ......1 ............1,136,284 ......103.757 ............1,206,429 ............1,162,745 ............1,162,745 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 MON.. ...............6,298 .............75,578 08/01/1997. 11/15/2021.<br />
312907 C8 9 FHLMC FHR 1172 F BPAC................................................................. ....... .. .........2 ......1 ...............566,111 ......105.399 ...............648,876 ...............615,638 ...............615,638 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ...............4,104 .............49,251 10/17/1991. 11/15/2021.<br />
312908 L3 8 FHLMC FHR 1222 H BPAC................................................................. ....... .. .........2 ......1 ...............469,231 ......108.851 ...............532,535 ...............489,233 ...............489,233 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ...............3,262 .............39,139 02/07/1992. 03/15/2022.<br />
312909 2S 2 FHLMC FHR 1275 Z ACC................................................................... ....... .. .........2 ......1 ............1,166,684 ......101.430 ............1,246,575 ............1,229,000 ............1,229,000 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MON.. ...............7,169 .............86,030 01/10/2000. 04/15/2022.<br />
31340Y DM 8 FHLMC FHR 13 G BPAC.................................................................... ....... .. .........2 ......1 ...............131,855 ........99.974 ...............135,640 ...............135,675 ...............135,675 .......................... ...................(12) ............................ .......................... ..........9.250 ..........9.644 MON.. ...............1,648 .............12,538 09/07/1989. 10/15/2019.<br />
312911 MQ 0 FHLMC FHR 1351 TE BPAC.............................................................. ....... .. .........2 ......1 ............1,072,579 ......104.938 ............1,149,102 ............1,095,029 ............1,095,029 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MON.. ...............6,388 .............76,652 12/14/1995. 08/15/2022.<br />
312912 2A 5 FHLMC FHR 1407 PM......................................................................... ....... .. .........2 ......1 ............1,093,390 ......106.488 ............1,175,541 ............1,103,919 ............1,103,919 .......................... ..................713 ............................ .......................... ..........7.000 ..........7.000 MON.. ...............6,440 .............77,274 12/27/2000. 11/15/2022.<br />
312915 VY 4 FHLMC FHR 1507 JZ ACC................................................................. ....... .. .........2 ......1 ............1,674,337 ......104.492 ............1,745,885 ............1,670,831 ............1,671,973 .......................... .................(577) ............................ .......................... ..........7.000 ..........6.957 MON.. ...............9,747 ...........116,958 02/13/2001. 05/15/2023.<br />
3133T3 AK 4 FHLMC FHR 1641 I SUP..................................................................... ....... .. .........2 ......1 ...............889,288 ......103.539 ............1,047,538 ............1,011,732 ...............992,564 .......................... .............16,698 ............................ .......................... ..........6.500 ..........8.068 MON.. ...............5,480 .............65,763 08/10/1995. 12/15/2013.<br />
312903 Z3 4 FHLMC FHR 165 K BPAC................................................................... ....... .. .........2 ......1 ...............127,490 ........99.893 ...............132,221 ...............132,363 ...............132,363 .......................... .......................... ............................ .......................... ..........6.500 ..........7.749 MON.. ...............1,099 ...............8,591 03/06/1997. 09/15/2021.<br />
3133T4 UX 2 FHLMC FHR 1693 J BPAC................................................................. ....... .. .........2 ......1 ...............376,771 ........99.894 ...............413,145 ...............413,584 ...............413,584 .......................... ..................203 ............................ .......................... ..........6.000 ..........6.000 MON.. ...............2,068 .............24,815 03/30/1994. 03/15/2009.<br />
3133T4 XM 3 FHLMC FHR 1708 E BPAC................................................................. ....... .. .........2 ......1 ...............146,347 ........99.894 ...............163,277 ...............163,450 ...............163,450 .......................... ..................117 ............................ .......................... ..........6.000 ..........6.000 MON.. ..................817 ...............9,807 03/30/1994. 03/15/2009.<br />
312903 6K 8 FHLMC FHR 175 H BPAC................................................................... ....... .. .........2 ......1 ...............107,981 ......105.618 ...............107,974 ...............102,231 ...............102,231 .......................... .......................... ............................ .......................... ..........9.500 ..........9.500 MON.. ...............1,241 ...............9,698 04/27/1994. 08/15/2021.<br />
3133T6 7H 8 FHLMC FHR 1834 Z ACC................................................................... ....... .. .........2 ......1 ............1,559,727 ......107.156 ............1,880,716 ............1,755,120 ............1,688,459 .......................... .............20,603 ............................ .......................... ..........7.000 ..........8.938 MON.. .............10,238 ...........122,858 01/27/2000. 03/15/2026.<br />
3133T6 ZC 8 FHLMC FHR 1852 B RR BPAC.......................................................... ....... .. .........2 ......1 ...............406,264 ......104.613 ...............462,571 ...............442,174 ...............435,540 .......................... ...............4,396 ............................ .......................... ..........7.000 ..........8.298 MON.. ...............2,579 .............30,952 05/14/1996. 01/15/2022.<br />
3133T7 WF 2 FHLMC FHR 1883 N RR BPAC.......................................................... ....... .. .........2 ......1 ............3,700,274 ......103.503 ............4,094,501 ............3,955,925 ............3,858,209 .......................... .............19,766 ............................ .......................... ..........7.000 ..........7.852 MON.. .............23,076 ...........276,915 09/27/1996. 05/15/2023.<br />
3133T8 U6 2 FHLMC FHR 1927 Z ACC................................................................... ....... .. .........2 ......1 ............3,848,647 ......109.389 ............4,142,141 ............3,786,615 ............3,793,040 .......................... ..............(5,205) ............................ .......................... ..........7.500 ..........7.299 MON.. .............23,666 ...........283,996 11/10/1997. 01/15/2027.<br />
3133TC 2F 4 FHLMC FHR 2010 VB......................................................................... ....... .. .........2 ......1 ............2,324,439 ......106.335 ............2,543,601 ............2,392,064 ............2,333,714 .......................... .............15,091 ............................ .......................... ..........6.500 ..........6.850 MON.. .............12,957 ...........155,484 03/13/2001. 11/15/2027.<br />
3133TC ZY 7 FHLMC FHR 2042 T SEQ................................................................... ....... .. .........2 ......1 ...............697,255 ......104.719 ...............725,074 ...............692,400 ...............695,503 .......................... ..............(1,292) ............................ .......................... ..........7.000 ..........6.786 MON.. ...............4,039 .............48,468 07/03/2001. 03/15/2028.<br />
3133TE 3D 4 FHLMC FHR 2054 LA SEQ................................................................. ....... .. .........2 ......1 ............1,583,307 ......103.885 ............1,698,731 ............1,635,204 ............1,615,053 .......................... ...............7,147 ............................ .......................... ..........6.500 ..........6.992 MON.. ...............8,857 ...........106,288 05/13/1998. 05/15/2028.<br />
3133TE R5 5 FHLMC FHR 2073 PH BPAC.............................................................. ....... .. .........2 ......1 ............3,815,219 ......104.249 ............4,017,585 ............3,853,836 ............3,835,047 .......................... ...............5,498 ............................ .......................... ..........6.500 ..........6.676 MON.. .............20,875 ...........250,499 08/09/2001. 07/15/2028.<br />
3133TE NA 8 FHLMC FHR 2076 PE BPAC.............................................................. ....... .. .........2 ......1 ............3,615,506 ......104.344 ............3,890,806 ............3,728,825 ............3,687,963 .......................... .............11,938 ............................ .......................... ..........6.500 ..........6.889 MON.. .............20,198 ...........242,374 05/07/2001. 07/15/2028.<br />
3133TH B5 5 FHLMC FHR 2104 Z ACC................................................................... ....... .. .........2 ......1 ............5,819,945 ......104.559 ............6,309,581 ............6,034,470 ............5,968,472 .......................... .............20,302 ............................ .......................... ..........6.500 ..........6.910 MON.. .............32,687 ...........392,240 01/28/1999. 12/15/2028.<br />
3133TH QV 2 FHLMC FHR 2117 HG SEQ................................................................ ....... .. .........2 ......1 ............5,059,011 ......105.331 ............5,396,108 ............5,123,001 ............5,093,378 .......................... ...............8,069 ............................ .......................... ..........6.500 ..........6.684 MON.. .............27,750 ...........332,995 02/03/1999. 01/15/2029.<br />
3133TJ UX 9 FHLMC FHR 2132 JC.......................................................................... ....... .. .........2 ......1 ............3,762,435 ......104.667 ............4,116,812 ............3,933,247 ............3,844,583 .......................... .............24,388 ............................ .......................... ..........6.500 ..........7.250 MON.. .............21,305 ...........255,661 02/26/2001. 03/15/2029.<br />
3133TK XQ 8 FHLMC FHR 2156 B NAS................................................................... ....... .. .........2 ......1 ............6,035,244 ......103.244 ............6,533,802 ............6,328,506 ............6,078,248 .......................... .............10,237 ............................ .......................... ..........6.000 ..........6.535 MON.. .............31,643 ...........379,711 04/16/1999. 10/15/2024.<br />
3133TM MH 6 FHLMC FHR 2200 NA SEQ................................................................ ....... .. .........2 ......1 ...............665,589 ......104.812 ...............761,906 ...............726,926 ...............665,832 .......................... ...............3,685 ............................ .......................... ..........6.500 ..........7.588 MON.. ...............3,938 .............47,250 03/23/2000. 11/15/2029.<br />
3133TP QQ 5 FHLMC FHR 2252 L NAS.................................................................... ....... .. .........2 ......1 ...............229,807 ......106.224 ...............239,348 ...............225,324 ...............229,789 .......................... .................(301) ............................ .......................... ..........7.000 ..........6.765 MON.. ...............1,314 .............15,773 01/19/2001. 09/15/2030.<br />
3133TQ YQ 4 FHLMC FHR 2275 PN BPAC.............................................................. ....... .. .........2 ......1 ............4,627,469 ......105.326 ............5,039,866 ............4,785,017 ............4,722,553 .......................... .............20,223 ............................ .......................... ..........6.500 ..........6.941 MON.. .............25,919 ...........311,026 05/07/2001. 01/15/2031.<br />
313398 K5 7 FHLMC FHR 2332 OE BPAC.............................................................. ....... .. .........2 ......1 ............3,768,339 ......104.450 ............4,017,921 ............3,846,741 ............3,809,820 .......................... .............10,843 ............................ .......................... ..........6.500 ..........6.841 MON.. .............20,837 ...........250,039 08/10/2001. 07/15/2031.<br />
313398 3X 5 FHLMC FHR 2338 PT BPAC.............................................................. C.... .. .........2 ......1 ............8,056,097 ......104.518 ............8,589,689 ............8,218,382 ............8,144,333 .......................... .............23,237 ............................ .......................... ..........6.500 ..........6.812 MON.. .............44,516 ...........534,195 08/17/2001. 07/15/2031.<br />
313399 A3 1 FHLMC FHR 2344 PJ BPAC............................................................... C.... .. .........2 ......1 ............4,123,164 ......104.435 ............4,385,519 ............4,199,281 ............4,164,412 .......................... ...............8,854 ............................ .......................... ..........6.500 ..........6.750 MON.. .............22,746 ...........272,953 08/17/2001. 08/15/2031.<br />
31339M DU 9 FHLMC FHR 2389 EH BPAC.............................................................. ....... .. .........2 ......1 ...............257,448 ........99.873 ...............258,757 ...............259,086 ...............259,086 .......................... ...............2,265 ............................ .......................... ..........6.000 ..........6.000 MON.. ...............1,295 .............15,545 06/25/2002. 05/15/2030.<br />
31339M RT 7 FHLMC FHR 2401 VB VADM.............................................................. ....... .. .........2 ......1 ............5,307,529 ......100.696 ............5,507,095 ............5,469,031 ............5,457,515 .......................... .............36,447 ............................ .......................... ..........6.000 ..........6.500 MON.. .............27,345 ...........328,142 01/31/2002. 06/15/2020.<br />
31339W GU 4 FHLMC FHR 2424 OP BPAC.............................................................. ....... .. .........2 ......1 ............8,967,560 ......103.600 ............9,608,091 ............9,274,219 ............9,127,643 .......................... .............34,301 ............................ .......................... ..........6.000 ..........6.419 MON.. .............46,371 ...........556,453 07/29/2002. 03/15/2032.<br />
31392M 5R 9 FHLMC FHR 2448 TX PAC................................................................ ....... .. .........2 ......1 ..........19,062,809 ......103.298 ..........20,346,400 ..........19,696,800 ..........19,355,821 .......................... .............54,141 ............................ .......................... ..........6.000 ..........6.392 MON.. .............98,484 ........1,181,808 07/05/2002. 05/15/2032.<br />
31392R JK 8 FHLMC FHR 2470 QG BPAC............................................................. ....... .. .........2 ......1 ..........12,071,289 ......101.617 ..........12,377,513 ..........12,180,553 ..........12,127,136 .......................... .............11,047 ............................ .......................... ..........6.000 ..........6.113 MON.. .............60,903 ...........730,833 07/22/2002. 07/15/2032.<br />
31392T W7 8 FHLMC FHR 2478 GH BPAC.............................................................. ....... .. .........2 ......1 ............7,737,469 ......105.245 ............8,018,515 ............7,618,903 ............7,666,092 .......................... ............(17,012) ............................ .......................... ..........6.000 ..........5.786 MON.. .............38,095 ...........457,134 08/16/2002. 08/15/2022.<br />
31392T NW 3 FHLMC FHR 2481 PN PAC................................................................. ....... .. .........2 ......1 ............1,734,273 ......100.532 ............1,696,448 ............1,687,471 ............1,690,882 .......................... ............(13,920) ............................ .......................... ..........6.000 ..........5.409 MON.. ...............8,437 ...........101,248 08/21/2002. 01/15/2031.<br />
31392P S4 8 FHLMC FHR 2484 PE PAC................................................................. ....... .. .........2 ......1 ..........23,997,427 ......101.749 ..........24,535,988 ..........24,114,230 ..........24,053,869 .......................... ...............9,459 ............................ .......................... ..........6.000 ..........6.059 MON.. ...........120,571 ........1,446,854 07/24/2002. 07/15/2032.<br />
31392V 4R 0 FHLMC FHR 2494 EH BPAC............................................................. ....... .. .........2 ......1 ...............541,310 ......100.183 ...............529,677 ...............528,710 ...............529,307 .......................... ..............(4,286) ............................ .......................... ..........6.000 ..........5.386 MON.. ...............2,644 .............31,723 08/29/2002. 04/15/2031.<br />
31392W MR 8 FHLMC FHR 2515 GP PAC................................................................ ....... .. .........2 ......1 ............9,731,229 ......103.041 ..........10,018,669 ............9,722,993 ............9,727,897 .......................... ..............(1,203) ............................ .......................... ..........5.500 ..........5.486 MON.. .............44,564 ...........534,765 08/05/2005. 03/15/2032.<br />
31392W Z9 4 FHLMC FHR 2517 CJ SEQ................................................................. ....... .. .........2 ......1 ..........10,436,456 ......103.527 ..........10,646,790 ..........10,284,071 ..........10,387,561 .......................... ............(28,051) ............................ .......................... ..........5.500 ..........5.358 MON.. .............47,135 ...........565,624 10/23/2002. 10/15/2032.<br />
31392X YJ 1 FHLMC FHR 2524 TW PAC................................................................ ....... .. .........2 ......1 ..........10,092,188 ......102.421 ..........10,242,100 ..........10,000,000 ..........10,035,059 .......................... ............(11,331) ............................ .......................... ..........5.500 ..........5.371 MON.. .............45,833 ...........550,000 11/15/2002. 07/15/2021.<br />
31392X R9 1 FHLMC FHR 2525 CL BG PAC CMO................................................. ....... .. .........2 ......1 ..........31,330,000 ......101.891 ..........32,605,120 ..........32,000,000 ..........31,335,137 .......................... ...............5,137 ............................ .......................... ..........5.500 ..........5.711 MON.. ...........146,667 ...........293,333 10/22/2008. 07/15/2032.
E10.13<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31393F 4B 9 FHLMC FHR 2528 KM PAC................................................................ ....... .. .........2 ......1 ............9,943,750 ......102.654 ..........10,265,400 ..........10,000,000 ............9,963,634 .......................... ...............7,101 ............................ .......................... ..........5.500 ..........5.589 MON.. .............45,833 ...........550,000 10/27/2005. 11/15/2022.<br />
31392X J4 1 FHLMC FHR 2529 VA SEQ................................................................ ....... .. .........2 ......1 ............8,614,503 ......105.658 ............9,133,640 ............8,644,533 ............8,627,270 .......................... ...............3,146 ............................ .......................... ..........5.500 ..........5.547 MON.. .............39,621 ...........475,449 10/17/2002. 12/15/2018.<br />
31393Q XY 3 FHLMC FHR 2610 VB......................................................................... ....... .. .........2 ......1 ............5,462,101 ......102.674 ............5,669,402 ............5,521,750 ............5,476,726 .......................... ...............4,845 ............................ .......................... ..........5.500 ..........5.630 MON.. .............25,308 ...........303,697 03/29/2005. 07/15/2024.<br />
31393Q L9 1 FHLMC FHR 2619 YN......................................................................... ....... .. .........2 ......1 ..........24,132,500 ......101.563 ..........24,882,935 ..........24,500,000 ..........24,326,699 .......................... .............39,075 ............................ .......................... ..........4.500 ..........4.695 MON.. .............91,875 ........1,102,500 04/29/2003. 05/15/2018.<br />
31393W W8 8 FHLMC FHR 2641 WE........................................................................ ....... .. .........2 ......1 ............8,036,670 ......102.488 ............8,447,492 ............8,242,421 ............8,135,633 .......................... .............32,643 ............................ .......................... ..........4.500 ..........4.935 MON.. .............30,909 ...........370,909 07/27/2004. 01/15/2033.<br />
31394G SU 8 FHLMC FHR 2657 ME PAC................................................................ ....... .. .........2 ......1 ..........11,861,250 ......100.509 ..........12,061,080 ..........12,000,000 ..........11,904,577 .......................... .............14,145 ............................ .......................... ..........5.000 ..........5.162 MON.. .............50,000 ...........600,000 09/27/2005. 10/15/2022.<br />
31394H LY 5 FHLMC FHR 2663 BC......................................................................... ....... .. .........2 ......1 ..........26,165,719 ........96.803 ..........29,428,112 ..........30,400,000 ..........27,782,903 .......................... ...........338,644 ............................ .......................... ..........4.000 ..........5.646 MON.. ...........101,333 ........1,215,999 08/26/2003. 08/15/2018.<br />
31394H XJ 5 FHLMC FHR 2672 HV......................................................................... ....... .. .........2 ......1 ..........17,713,125 ........97.315 ..........19,560,315 ..........20,100,000 ..........18,711,402 .......................... ...........203,207 ............................ .......................... ..........4.000 ..........5.468 MON.. .............67,000 ...........803,999 09/05/2003. 09/15/2018.<br />
31394J S4 0 FHLMC FHR 2677 BC......................................................................... ....... .. .........2 ......1 ..........17,268,750 ........96.616 ..........19,323,200 ..........20,000,000 ..........18,271,847 .......................... ...........207,977 ............................ .......................... ..........4.000 ..........5.587 MON.. .............66,667 ...........799,999 08/26/2003. 09/15/2018.<br />
31394K MV 3 FHLMC FHR 2686 JG PAC................................................................. ....... .. .........2 ......1 ..........21,558,568 ......101.250 ..........21,925,688 ..........21,655,000 ..........21,612,618 .......................... .............18,981 ............................ .......................... ..........5.500 ..........5.601 MON.. .............99,252 ........1,191,024 12/15/2005. 04/15/2028.<br />
31394K NR 1 FHLMC FHR 2686 QU PAC................................................................ C.... .. .........2 ......1 ..........11,938,125 ......101.103 ..........12,132,360 ..........12,000,000 ..........11,957,430 .......................... ...............6,555 ............................ .......................... ..........5.250 ..........5.320 MON.. .............52,500 ...........630,000 07/21/2005. 07/15/2032.<br />
31394N 4U 9 FHLMC FHR 2713 EG PAC................................................................ ....... .. .........2 ......1 ............9,901,563 ......102.041 ..........10,204,100 ..........10,000,000 ............9,946,034 .......................... .............15,140 ............................ .......................... ..........5.500 ..........5.689 MON.. .............45,833 ...........550,000 12/06/2005. 08/15/2029.<br />
31394N EZ 7 FHLMC FHR 2718 TG PAC................................................................. ....... .. .........2 ......1 ............9,595,313 ......103.071 ..........10,307,100 ..........10,000,000 ............9,668,909 .......................... .............16,875 ............................ .......................... ..........5.000 ..........5.351 MON.. .............41,667 ...........500,000 02/27/2004. 12/15/2033.<br />
31394N N8 7 FHLMC FHR 2727 PZ Z PAC.............................................................. ....... .. .........2 ......1 ..........10,736,378 ........97.495 ..........12,158,788 ..........12,471,191 ..........10,997,224 .......................... .............39,780 ............................ .......................... ..........4.500 ..........5.500 MON.. .............46,767 ...........547,760 05/01/2008. 01/15/2034.<br />
31394X MU 7 FHLMC FHR 2780 E SEQ................................................................... ....... .. .........2 ......1 ..........13,032,500 ......101.409 ..........13,183,170 ..........13,000,000 ..........13,019,643 .......................... ..............(3,711) ............................ .......................... ..........5.000 ..........4.962 MON.. .............54,167 ...........650,001 05/19/2005. 04/15/2019.<br />
31394X EN 2 FHLMC FHR 2781 VB SEQ................................................................ ....... .. .........2 ......1 ..........12,210,750 ........99.607 ..........13,347,338 ..........13,400,000 ..........12,557,054 .......................... .............77,344 ............................ .......................... ..........4.500 ..........5.473 MON.. .............50,250 ...........603,000 04/14/2004. 12/15/2024.<br />
31394X YX 8 FHLMC FHR 2790 DZ ACC................................................................. ....... .. .........2 ......1 ..........27,738,098 ........98.520 ..........30,260,083 ..........30,714,660 ..........28,859,937 .......................... ...........255,669 ............................ .......................... ..........4.500 ..........5.705 MON.. ...........115,180 ........1,349,051 05/01/2008. 05/15/2019.<br />
31394X Z2 5 FHLMC FHR 2790 TB SEQ................................................................. ....... .. .........2 ......1 ..........16,091,085 ........99.049 ..........16,513,449 ..........16,672,000 ..........16,384,708 .......................... .............56,497 ............................ .......................... ..........4.000 ..........4.540 MON.. .............55,573 ...........666,879 10/15/2004. 09/15/2019.<br />
31394X ZT 6 FHLMC FHR 2800 BC SEQ................................................................ ....... .. .........2 ......1 ............9,484,375 ........98.820 ............9,882,000 ..........10,000,000 ............9,637,211 .......................... .............36,227 ............................ .......................... ..........4.500 ..........5.098 MON.. .............37,500 ...........450,000 11/05/2004. 05/15/2024.<br />
31395C VL 2 FHLMC FHR 2827 DQ SEQ................................................................ C.... .. .........2 ......1 ..........22,525,954 ........99.621 ..........23,559,665 ..........23,649,296 ..........22,970,998 .......................... .............97,209 ............................ .......................... ..........4.500 ..........5.131 MON.. .............88,685 ........1,064,218 08/19/2004. 01/15/2030.<br />
31395K QC 0 FHLMC FHR 2903 VB SEQ................................................................ ....... .. .........2 ......1 ..........16,288,214 ......100.363 ..........16,357,563 ..........16,298,400 ..........16,291,557 .......................... ..................951 ............................ .......................... ..........5.000 ..........5.008 MON.. .............67,910 ...........814,921 05/17/2005. 04/15/2022.<br />
31395K DK 6 FHLMC FHR 2905 UD PAC................................................................ ....... .. .........2 ......1 ..........12,973,094 ......102.119 ..........13,377,589 ..........13,100,000 ..........13,024,065 .......................... .............16,511 ............................ .......................... ..........5.000 ..........5.159 MON.. .............54,583 ...........655,001 09/19/2005. 03/15/2030.<br />
31395M KZ 1 FHLMC FHR 2927 VG SEQ................................................................ C.... .. .........2 ......1 ..........12,598,145 ........99.949 ..........12,601,068 ..........12,607,498 ..........12,600,533 .......................... ..................753 ............................ .......................... ..........5.000 ..........5.009 MON.. .............52,531 ...........630,375 05/25/2005. 11/15/2023.<br />
31395M PV 5 FHLMC FHR 2930 VL SEQ................................................................. ....... .. .........2 ......1 ............7,090,037 ......103.244 ............7,342,105 ............7,111,411 ............7,099,368 .......................... ...............3,120 ............................ .......................... ..........5.000 ..........5.051 MON.. .............29,631 ...........355,571 03/29/2005. 02/15/2016.<br />
31395M D6 3 FHLMC FHR 2934 HW SEQ............................................................... ....... .. .........2 ......1 ............9,900,000 ......100.411 ..........10,041,100 ..........10,000,000 ............9,924,434 .......................... ...............6,752 ............................ .......................... ..........5.000 ..........5.109 MON.. .............41,667 ...........500,000 02/14/2005. 04/15/2030.<br />
31395P Y8 9 FHLMC FHR 2950 VA......................................................................... ....... .. .........2 ......1 ............6,206,183 ......103.275 ............6,371,211 ............6,169,171 ............6,190,113 .......................... ..............(5,364) ............................ .......................... ..........5.000 ..........4.900 MON.. .............25,705 ...........308,459 03/02/2005. 03/15/2016.<br />
31395T WQ 3 FHLMC FHR 2974 BM SEQ................................................................ ....... .. .........2 ......1 ............8,955,841 ......101.135 ............9,173,956 ............9,071,000 ............8,993,213 .......................... .............11,914 ............................ .......................... ..........5.000 ..........5.181 MON.. .............37,796 ...........453,550 09/14/2005. 09/15/2031.<br />
31395T V3 5 FHLMC FHR 2976 HP NAS................................................................. ....... .. .........2 ......1 ..........11,538,196 ......102.154 ..........11,951,875 ..........11,699,860 ..........11,577,490 .......................... .............25,203 ............................ .......................... ..........4.500 ..........4.645 MON.. .............43,874 ...........526,494 05/25/2005. 01/15/2033.<br />
31395V LP 2 FHLMC FHR 2984 WA SEQ............................................................... ....... .. .........2 ......1 ..........18,479,765 ......102.669 ..........18,993,765 ..........18,500,000 ..........18,486,512 .......................... ...............2,098 ............................ .......................... ..........5.000 ..........5.015 MON.. .............77,083 ...........925,001 06/13/2005. 11/15/2023.<br />
31395W HQ 3 FHLMC FHR 3005 EH SEQ................................................................ ....... .. .........2 ......1 ..........12,632,000 ......100.039 ..........12,804,992 ..........12,800,000 ..........12,681,792 .......................... .............15,752 ............................ .......................... ..........5.000 ..........5.177 MON.. .............53,333 ...........640,001 09/15/2005. 09/15/2023.<br />
31395X YT 6 FHLMC FHR 3015 MB......................................................................... ....... .. .........2 ......1 ..........10,028,125 ......102.410 ..........10,241,000 ..........10,000,000 ..........10,019,669 .......................... ..............(2,770) ............................ .......................... ..........5.500 ..........5.461 MON.. .............45,833 ...........550,000 07/29/2005. 08/15/2020.<br />
31340Y P4 5 FHLMC FHR 78 E BPAC..................................................................... ....... .. .........2 ......1 ...............579,265 ......107.693 ...............618,247 ...............574,083 ...............574,083 .......................... .......................... ............................ .......................... ..........8.900 ..........8.884 MON.. ...............6,558 .............51,059 04/27/1994. 01/15/2021.<br />
3133TH RS 8 FHLMC FSPC T-15 A5 SEQ............................................................... C.... .. .........2 ......1 ............4,185,672 ......104.041 ............4,358,341 ............4,189,061 ............4,188,314 .......................... ....................35 ............................ .......................... ..........6.960 ..........6.962 MON.. .............24,297 ...........291,559 01/13/1999. 11/25/2028.<br />
3133TL V5 4 FHLMC FSPC T-18 A3 SEQ............................................................... ....... .. .......23 ......1 ............1,925,950 ........99.870 ............1,923,447 ............1,925,950 ............1,925,950 .......................... .......................... ............................ .......................... ..........7.790 ..........7.290 MON.. .............12,503 ...........150,031 07/28/1999. 08/15/2029.<br />
31395X H8 1 FHLMC GOLD SER 3022-MB CMO................................................... ....... .. .........2 ......1 .................49,349 ......102.478 .................51,239 .................50,000 .................49,558 .......................... ..................149 ............................ .......................... ..........5.000 ..........5.354 MON.. ..................208 ...............2,500 07/26/2007. 12/15/2028.<br />
312908 GB 6 FHLMC REMIC SER 201 CL-Z CMO.................................................. ....... .. .........2 ......1 .................95,946 ........99.936 .................96,476 .................96,537 .................96,537 .......................... .......................... ............................ .......................... ..........8.000 ..........7.987 MON.. ..................987 ...............7,662 08/03/1995. 02/15/2023.<br />
3133T1 XR 8 FHLMC REMIC SER 21 CLASS L...................................................... ....... .. .........2 ......1 ............6,790,798 ......104.071 ............7,419,015 ............7,128,802 ............7,055,738 .......................... .............56,974 ............................ .......................... ..........6.250 ..........7.086 MON.. .............37,129 ...........445,550 11/15/1993. 10/25/2023.<br />
31392K UP 9 FHLMC REMIC SER 2444 CL H CMO................................................ ....... .. .........2 ......1 ..........16,543,559 ......104.603 ..........17,400,429 ..........16,634,732 ..........16,592,228 .......................... ...............9,002 ............................ .......................... ..........6.500 ..........6.572 MON.. .............90,105 ........1,081,258 05/28/2002. 05/15/2032.<br />
31393J PN 2 FHLMC REMIC SERIES 2557 WE..................................................... ....... .. .........2 ......1 .................14,878 ......101.153 .................15,173 .................15,000 .................14,896 .......................... ....................16 ............................ .......................... ..........5.000 ..........5.140 MON.. ....................63 ..................750 10/24/2007. 01/15/2018.<br />
312903 BK 2 FHLMC REMIC 102 CL-I 20 PAC....................................................... ....... .. .........2 ......1 ............5,319,670 ......102.438 ...............663,125 ...............647,343 ...............647,343 .......................... .......................... ............................ .......................... ..........7.000 ..........6.999 MON.. ...............5,790 .............45,278 11/07/1996. 12/15/2020.<br />
312903 CL 9 FHLMC REMIC 104 CL-Z.................................................................... ....... .. .........2 ......1 ............................. ........99.966 ...............269,190 ...............269,282 ...............269,282 .......................... .......................... ............................ .......................... ..........9.000 ..........9.000 MON.. ...............3,097 .............24,188 10/17/1989. 01/15/2021.<br />
312910 B6 8 FHLMC REMIC 1312 CL-I 20 PAC (................................................... ....... .. .........2 ......1 ...............515,790 ......109.217 ...............590,719 ...............540,867 ...............540,867 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ...............3,606 .............43,269 06/11/1992. 07/15/2022.<br />
31340Y DS 5 FHLMC REMIC 14 CL-B 10 TAC........................................................ ....... .. .........2 ......1 ...............256,917 ......106.235 ...............294,330 ...............277,056 ...............276,549 .......................... ..................148 ............................ .......................... ..........9.000 ..........9.117 MON.. ...............3,186 .............24,895 07/19/1990. 12/15/2019.<br />
312903 2U 0 FHLMC REMIC 169 CL-Z.................................................................... ....... .. .........2 ......1 ...............329,671 ........99.963 ...............377,755 ...............377,895 ...............377,895 .......................... .......................... ............................ .......................... ..........9.000 ..........9.000 MON.. ...............4,346 .............33,986 05/24/1990. 07/15/2021.<br />
3133T4 LF 1 FHLMC REMIC 1692 CL ZB................................................................ ....... .. .........2 ......1 ............9,014,626 ......104.879 ..........10,697,831 ..........10,200,165 ............9,760,486 .......................... ...........159,547 ............................ .......................... ..........6.500 ..........8.404 MON.. .............55,251 ...........663,011 07/01/1994. 03/15/2024.<br />
312904 EC 5 FHLMC REMIC 187 CL-F 20 PAC...................................................... ....... .. .........2 ......1 ...............376,255 ........99.903 ...............501,779 ...............502,266 ...............502,042 .......................... ......................6 ............................ .......................... ..........7.000 ..........7.005 MON.. ...............4,492 .............35,109 06/28/1990. 08/15/2021.<br />
312904 GT 6 FHLMC REMIC 194 CL-E 20 PAC...................................................... ....... .. .........2 ......1 .................51,246 ......106.587 .................68,755 .................64,506 .................64,506 .......................... .......................... ............................ .......................... ..........7.000 ..........6.990 MON.. ..................577 ...............4,506 01/05/1995. 09/15/2021.<br />
31340Y MC 0 FHLMC REMIC 37 CL-D 20 PAC........................................................ ....... .. .........2 ......1 ...............414,092 ......107.970 ...............498,252 ...............461,472 ...............461,472 .......................... .......................... ............................ .......................... ..........9.000 ..........9.000 MON.. ...............5,350 .............41,580 02/17/1989. 04/15/2020.<br />
31340Y QS 1 FHLMC REMIC 46 CL-B 7 PAC.......................................................... ....... .. .........2 ......1 .................63,745 ......105.345 .................83,179 .................78,959 .................78,959 .......................... .......................... ............................ .......................... ..........7.800 ..........7.800 MON.. ..................787 ...............6,139 07/11/1990. 09/15/2020.<br />
31340Y SM 2 FHLMC REMIC 50 CL-I 20RTAC........................................................ ....... .. .........2 ......1 ...............605,031 ......105.950 ...............801,934 ...............756,898 ...............756,898 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ...............7,737 .............60,376 05/31/1989. 06/15/2020.<br />
31340Y M3 0 FHLMC REMIC 77 CL-H 20 PAC........................................................ ....... .. .........2 ......1 ............3,308,959 ......108.726 ............3,802,334 ............3,497,171 ............3,497,171 .......................... .......................... ............................ .......................... ..........8.500 ..........8.500 MON.. .............37,983 ...........296,497 10/16/1989. 09/15/2020.<br />
31395V UJ 6 FHLMC R002 CL ZA CMO.................................................................. ....... .. .........2 ......1 ..........82,327,359 ........97.151 ..........82,029,493 ..........84,435,048 ..........82,363,439 .......................... .............36,080 ............................ .......................... ..........5.500 ..........5.692 MON.. ...........386,994 ........4,142,156 08/01/2008. 06/15/2035.<br />
31397G AM 2 FHLMC R011 VB CMO........................................................................ ....... .. .........2 ......1 ..........15,659,219 ......103.365 ..........17,034,552 ..........16,480,000 ..........15,735,804 .......................... .............55,338 ............................ .......................... ..........5.500 ..........6.104 MON.. .............75,533 ...........906,399 06/29/2007. 03/15/2028.<br />
312906 CR 9 FHLMC SER 1100 CL-Z Z-BOND....................................................... ....... .. .........2 ......1 ...............603,327 ........99.874 ...............710,708 ...............711,605 ...............711,605 .......................... .......................... ............................ .......................... ..........8.500 ..........8.475 MON.. ...............5,041 .............60,487 05/07/1991. 06/15/2021.
E10.14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
312909 WL 4 FHLMC SER 1268 CL-I 20 PAC(FH.................................................... ....... .. .........2 ......1 ............1,070,628 ......103.037 ............1,172,619 ............1,138,057 ............1,138,057 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MON.. ...............7,587 .............85,099 05/01/2008. 04/15/2022.<br />
3133TR XU 4 FHLMC SER 2292 CL QU CMO......................................................... ....... .. .........2 ......1 ..........19,110,008 ......104.898 ..........20,608,789 ..........19,646,504 ..........19,430,718 .......................... .............54,139 ............................ .......................... ..........6.500 ..........6.849 MON.. ...........106,419 ........1,277,023 04/10/2001. 03/15/2031.<br />
31339D GT 9 FHLMC SER 2422 CG CMO............................................................... ....... .. .........2 ......1 ............4,621,652 ......102.616 ............4,500,562 ............4,385,829 ............4,447,500 .......................... ............(44,564) ............................ .......................... ..........6.500 ..........5.618 MON.. .............23,757 ...........285,079 07/02/2002. 10/15/2031.<br />
31392M AE 2 FHLMC SER 2448 CL ZH.................................................................... ....... .. .........2 ......1 ............8,989,314 ......105.774 ..........10,210,017 ............9,652,672 ............9,310,949 .......................... .............73,791 ............................ .......................... ..........6.500 ..........7.519 MON.. .............52,285 ...........627,424 05/16/2002. 05/15/2032.<br />
31392M LJ 9 FHLMC SER 2466 CL PE.................................................................... ....... .. .........2 ......1 ...............296,440 ........99.885 ...............289,878 ...............290,212 ...............290,212 .......................... ..............(6,409) ............................ .......................... ..........6.500 ..........6.500 MON.. ...............1,572 .............18,864 06/07/2002. 09/15/2031.<br />
31392T AT 4 FHLMC SER 2485 CL WE CMO......................................................... ....... .. .........2 ......1 ............4,447,887 ......101.010 ............4,353,125 ............4,309,598 ............4,329,491 .......................... ............(27,337) ............................ .......................... ..........6.000 ..........5.444 MON.. .............21,548 ...........258,576 08/14/2002. 03/15/2031.<br />
31392R VY 4 FHLMC SER 2492 CL GE CMO.......................................................... ....... .. .........2 ......1 ............2,352,674 ......100.436 ............2,271,416 ............2,261,555 ............2,266,679 .......................... ............(26,100) ............................ .......................... ..........6.000 ..........5.242 MON.. .............11,308 ...........135,694 08/14/2002. 01/15/2031.<br />
31392U Y3 2 FHLMC SER 2500 CL GE CMO.......................................................... ....... .. .........2 ......1 ..........10,652,764 ......103.544 ..........11,015,168 ..........10,638,152 ..........10,643,881 .......................... ..............(2,133) ............................ .......................... ..........5.500 ..........5.479 MON.. .............48,758 ...........585,098 08/22/2003. 09/15/2017.<br />
31392W 6L 9 FHLMC SER 2508 CL PE PSTHR...................................................... ....... .. .........2 ......1 ............2,856,167 ......100.275 ............2,779,711 ............2,772,087 ............2,775,919 .......................... ............(20,434) ............................ .......................... ..........5.500 ..........4.927 MON.. .............12,705 ...........152,465 10/03/2002. 05/15/2028.<br />
31392W DF 4 FHLMC SER 2514 CL MD CMO......................................................... ....... .. .........2 ......1 ..........26,376,961 ......101.471 ..........26,582,214 ..........26,196,858 ..........26,262,913 .......................... ............(22,610) ............................ .......................... ..........5.500 ..........5.403 MON.. ...........120,069 ........1,440,826 10/11/2002. 03/15/2031.<br />
31393L NM 1 FHLMC SER 2564 CL PR CMO.......................................................... ....... .. .........2 ......1 ..........20,383,237 ......101.432 ..........20,286,400 ..........20,000,000 ..........20,209,029 .......................... ............(35,077) ............................ .......................... ..........5.500 ..........5.270 MON.. .............91,667 ........1,099,999 02/11/2003. 08/15/2031.<br />
31393L A9 4 FHLMC SER 2571 CL ME CMO......................................................... ....... .. .........2 ......1 ............5,320,273 ......102.689 ............5,339,828 ............5,200,000 ............5,265,575 .......................... ............(13,479) ............................ .......................... ..........5.500 ..........5.169 MON.. .............23,833 ...........286,000 03/28/2003. 05/15/2031.<br />
31393W 6N 4 FHLMC SER 2640 CL BE CMO.......................................................... ....... .. .........2 ......1 ..........27,823,615 ......102.280 ..........27,696,401 ..........27,079,000 ..........27,352,169 .......................... ............(96,152) ............................ .......................... ..........5.000 ..........4.590 MON.. ...........112,829 ........1,353,951 07/09/2003. 09/15/2028.<br />
31394G HU 0 FHLMC SER 2649 CL OD CMO......................................................... ....... .. .........2 ......1 ..........16,305,658 ......101.896 ..........16,753,554 ..........16,441,817 ..........16,351,216 .......................... .............13,933 ............................ .......................... ..........5.000 ..........5.114 MON.. .............68,508 ...........822,092 06/13/2005. 11/15/2031.<br />
31394G JJ 3 FHLMC SER 2649 CL QC CMO......................................................... ....... .. .........2 ......1 ............7,892,352 ......100.983 ............7,853,152 ............7,776,707 ............7,792,930 .......................... ............(25,664) ............................ .......................... ..........4.500 ..........4.227 MON.. .............29,163 ...........349,952 07/21/2003. 11/15/2016.<br />
31394H 3U 3 FHLMC SER 2662 CL MA CMO......................................................... ....... .. .........2 ......1 .................36,614 ......100.393 .................37,714 .................37,567 .................36,684 .......................... ....................61 ............................ .......................... ..........4.500 ..........4.744 MON.. ..................141 ...............1,691 07/26/2007. 10/15/2031.<br />
31394W NB 0 FHLMC SER 2777 CL VN CMO......................................................... ....... .. .........2 ......1 ............9,925,054 ........99.625 ..........10,800,844 ..........10,841,500 ..........10,213,288 .......................... .............63,725 ............................ .......................... ..........4.500 ..........5.463 MON.. .............40,656 ...........487,868 04/14/2004. 04/15/2024.<br />
31394W NP 9 FHLMC SER 2777 CL ZP CMO.......................................................... ....... .. .........2 ......1 ............5,657,820 ................... ............7,603,718 ............7,818,572 ............6,474,566 .......................... ..............(9,847) ............................ .......................... ..........5.000 ..........8.691 MON.. .............32,577 ...........390,929 05/01/2006. 04/15/2034.<br />
31395F 7J 7 FHLMC SER 2836 CL HQ................................................................... ....... .. .........2 ......1 ..........18,163,179 ......101.840 ..........18,482,942 ..........18,149,000 ..........18,156,389 .......................... ..............(1,786) ............................ .......................... ..........4.750 ..........4.738 MON.. .............71,840 ...........862,077 11/04/2004. 05/15/2029.<br />
31395G D4 1 FHLMC SER 2852 CL TJ CMO........................................................... ....... .. .........2 ......1 ..........16,115,000 ......102.383 ..........16,381,280 ..........16,000,000 ..........16,064,637 .......................... ............(15,287) ............................ .......................... ..........5.000 ..........4.882 MON.. .............66,667 ...........800,001 06/28/2005. 08/15/2030.<br />
31395G QZ 8 FHLMC SER 2872 CL GC CMO......................................................... ....... .. .........2 ......1 .................48,985 ......102.325 .................51,163 .................50,000 .................49,229 .......................... ..................175 ............................ .......................... ..........5.000 ..........5.443 MON.. ..................208 ...............2,500 07/26/2007. 11/15/2029.<br />
31395L DK 4 FHLMC SER 2915 CL KP CMO.......................................................... ....... .. .........2 ......1 .................48,999 ......102.490 .................51,245 .................50,000 .................49,243 .......................... ..................174 ............................ .......................... ..........5.000 ..........5.441 MON.. ..................208 ...............2,500 07/26/2007. 11/15/2029.<br />
31395M ZX 0 FHLMC SER 2931 CL GB CMO.......................................................... ....... .. .........2 ......1 ..........11,507,979 ......102.852 ..........11,742,613 ..........11,417,000 ..........11,470,796 .......................... ............(11,286) ............................ .......................... ..........5.000 ..........4.876 MON.. .............47,571 ...........570,850 06/28/2005. 04/15/2031.<br />
31396E JR 8 FHLMC SER 3063 CL YE CMO.......................................................... ....... .. .........2 ......1 ..........13,890,949 ......103.215 ..........14,500,675 ..........14,049,000 ..........13,906,168 .......................... .............14,610 ............................ .......................... ..........5.500 ..........5.660 MON.. .............64,391 ...........772,694 11/20/2007. 10/15/2034.<br />
31397H BZ 0 FHLMC SER 3312 CL MT FLTG RT C............................................... ....... .. .......23 ......1 ..........20,815,990 ........94.656 ..........20,640,989 ..........21,806,318 ..........21,399,177 .......................... ...........532,595 ............................ .......................... ..........7.000 ..........9.034 MON.. .............67,842 ........1,526,442 06/13/2007. 05/15/2037.<br />
3133T2 J9 2 FHLMC 1624 CL KZ CMO................................................................... ....... .. .........2 ......1 ............................. ........99.929 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........6.000 ................... MON.. ....................76 .......................... 07/12/1996. 12/15/2008.<br />
3133TE FL 3 FHLMC 2065 CL PW CMO.................................................................. ....... .. .........2 ......1 ............5,000,000 ......103.635 ............5,181,750 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.000 ..........5.000 MON.. .............20,833 ...........250,000 10/27/2004. 08/17/2027.<br />
31339L S3 5 FHLMC 2390 PZ CMO........................................................................ ....... .. .........2 ......1 ..........15,232,876 ......102.668 ..........15,609,331 ..........15,203,696 ..........15,223,993 .......................... ..............(2,578) ............................ .......................... ..........6.000 ..........5.974 MON.. .............76,018 ...........883,254 07/14/2004. 12/15/2031.<br />
3133TV N4 4 FHLMC 2440 CL ZO CMO.................................................................. ....... .. .........2 ......1 ............7,850,067 ......106.121 ............8,174,435 ............7,702,938 ............7,827,730 .......................... ............(15,703) ............................ .......................... ..........6.500 ..........6.182 MON.. .............41,724 ...........483,499 06/27/2007. 04/15/2032.<br />
31396U 6V 7 FHLMC 2440 CL ZO CMO.................................................................. ....... .. .........2 ......1 ..........35,230,555 ........99.415 ..........37,642,450 ..........37,863,954 ..........35,319,540 .......................... .............77,802 ............................ .......................... ..........6.000 ..........6.638 MON.. ...........189,320 ........2,199,694 08/01/2008. 07/15/2036.<br />
31392W UJ 7 FHLMC 2510 CL PE CMO................................................................... ....... .. .........2 ......1 ..........28,885,768 ......102.289 ..........29,117,213 ..........28,465,635 ..........28,643,470 .......................... ............(60,708) ............................ .......................... ..........5.500 ..........5.272 MON.. ...........130,467 ........1,565,610 12/23/2003. 11/15/2031.<br />
31392W Q6 0 FHLMC 2518 CL PE CMO................................................................... ....... .. .........2 ......1 ..........19,579,016 ......101.928 ..........19,797,098 ..........19,422,630 ..........19,486,016 .......................... ............(27,613) ............................ .......................... ..........5.500 ..........5.350 MON.. .............89,020 ........1,068,244 11/01/2006. 04/15/2031.<br />
31393H E8 1 FHLMC 2543 CL BL CMO................................................................... ....... .. .........2 ......1 ..........17,058,438 ......103.790 ..........17,644,300 ..........17,000,000 ..........17,037,494 .......................... ..............(4,584) ............................ .......................... ..........5.500 ..........5.464 MON.. .............77,917 ...........934,999 01/22/2003. 12/15/2022.<br />
31393H BN 1 FHLMC 2543 CL XE CMO................................................................... ....... .. .........2 ......1 ............8,346,127 ......101.813 ............8,590,185 ............8,437,219 ............8,416,709 .......................... .............18,295 ............................ .......................... ..........5.000 ..........5.194 MON.. .............35,155 ...........421,861 09/05/2003. 07/15/2016.<br />
31393F RT 5 FHLMC 2544 PD CMO........................................................................ ....... .. .........2 ......1 ..........25,375,000 ......102.809 ..........25,702,250 ..........25,000,000 ..........25,215,887 .......................... ............(49,513) ............................ .......................... ..........5.500 ..........5.254 MON.. ...........114,583 ........1,374,999 06/30/2005. 01/15/2032.<br />
31393K G8 2 FHLMC 2572 CL LH CMO................................................................... ....... .. .........2 ......1 ............1,911,484 ......101.472 ............2,029,440 ............2,000,000 ............1,917,453 .......................... ...............4,022 ............................ .......................... ..........5.500 ..........5.943 MON.. ...............9,167 ...........110,000 05/24/2007. 02/15/2033.<br />
31393K TB 1 FHLMC 2575 CL PE CMO................................................................... ....... .. .........2 ......1 ............1,915,000 ......102.269 ............2,045,380 ............2,000,000 ............1,920,933 .......................... ...............5,307 ............................ .......................... ..........5.500 ..........5.989 MON.. ...............9,167 ...........110,000 10/03/2007. 02/15/2033.<br />
31393N DD 8 FHLMC 2587 CL WX CMO.................................................................. ....... .. .........2 ......1 ............3,004,688 ......100.937 ............3,028,110 ............3,000,000 ............3,003,132 .......................... .................(416) ............................ .......................... ..........5.000 ..........4.981 MON.. .............12,500 ...........150,000 11/02/2004. 03/15/2018.<br />
31393N VV 8 FHLMC 2598 QD CMO........................................................................ ....... .. .........2 ......1 ............3,030,000 ......102.619 ............3,078,570 ............3,000,000 ............3,017,731 .......................... ..............(2,965) ............................ .......................... ..........5.500 ..........5.373 MON.. .............13,750 ...........165,000 02/06/2004. 04/15/2032.<br />
31393P JL 9 FHLMC 2602 CL NB CMO.................................................................. ....... .. .........2 ......1 ..........10,912,642 ......101.910 ..........10,963,474 ..........10,757,996 ..........10,828,033 .......................... ............(18,048) ............................ .......................... ..........5.500 ..........5.288 MON.. .............49,307 ...........591,689 12/03/2003. 12/15/2029.<br />
31393Q ZH 8 FHLMC 2611 CL HD CMO.................................................................. ....... .. .........2 ......1 ............4,753,125 ......100.610 ............5,030,500 ............5,000,000 ............4,821,454 .......................... .............17,217 ............................ .......................... ..........5.000 ..........5.508 MON.. .............20,833 ...........250,000 12/16/2003. 05/15/2023.<br />
31393Q PE 6 FHLMC 2614 CL UD CMO.................................................................. ....... .. .........2 ......1 ............9,965,644 ......101.717 ............9,959,354 ............9,791,238 ............9,895,422 .......................... ............(16,793) ............................ .......................... ..........5.500 ..........5.276 MON.. .............44,877 ...........538,518 02/24/2004. 06/15/2031.<br />
31393Q KS 0 FHLMC 2619 CL WK CMO.................................................................. ....... .. .........2 ......1 ..........10,436,088 ......100.530 ..........10,112,192 ..........10,058,880 ..........10,289,995 .......................... ............(29,842) ............................ .......................... ..........5.000 ..........4.597 MON.. .............41,912 ...........502,944 06/11/2003. 05/15/2023.<br />
31394H JD 4 FHLMC 2656 CL BE CMO................................................................... ....... .. .........2 ......1 ..........55,867,983 ......102.444 ..........57,049,015 ..........55,688,000 ..........55,758,780 .......................... ............(24,197) ............................ .......................... ..........5.000 ..........4.949 MON.. ...........232,033 ........2,784,402 11/20/2003. 08/15/2029.<br />
31394H 2Q 3 FHLMC 2662 CL DH CMO.................................................................. ....... .. .........2 ......1 ..........15,613,125 ......101.261 ..........16,708,065 ..........16,500,000 ..........15,830,088 .......................... .............45,757 ............................ .......................... ..........5.000 ..........5.509 MON.. .............68,750 ...........825,001 08/07/2003. 08/15/2023.<br />
31394H PQ 8 FHLMC 2663 CL QG........................................................................... ....... .. .........2 ......1 ..........29,413,125 ......102.174 ..........30,529,591 ..........29,880,000 ..........29,701,053 .......................... .............60,245 ............................ .......................... ..........5.000 ..........5.239 MON.. ...........124,500 ........1,494,001 08/06/2003. 05/15/2028.<br />
31394H TW 1 FHLMC 2668 CL LE CMO................................................................... ....... .. .........2 ......1 ..........15,192,773 ......102.121 ..........15,394,741 ..........15,075,000 ..........15,121,082 .......................... ............(15,134) ............................ .......................... ..........5.000 ..........4.882 MON.. .............62,813 ...........753,751 09/12/2003. 10/15/2028.<br />
31394H VT 5 FHLMC 2672 CL DC CMO.................................................................. ....... .. .........2 ......1 ..........13,202,372 ......100.790 ..........13,886,622 ..........13,777,778 ..........13,338,358 .......................... .............30,461 ............................ .......................... ..........5.000 ..........5.389 MON.. .............57,407 ...........688,889 10/16/2003. 09/15/2023.<br />
31394H W8 0 FHLMC 2672 CL DT CMO................................................................... ....... .. .........2 ......1 ............9,279,688 ......100.057 ..........10,005,700 ..........10,000,000 ............9,506,202 .......................... .............50,451 ............................ .......................... ..........5.000 ..........5.787 MON.. .............41,667 ...........500,000 09/29/2003. 09/15/2023.<br />
31394J MQ 7 FHLMC 2676 CL KQ CMO.................................................................. ....... .. .........2 ......1 ..........10,348,950 ......101.243 ..........10,446,743 ..........10,318,484 ..........10,325,470 .......................... ..............(5,814) ............................ .......................... ..........4.500 ..........4.447 MON.. .............38,694 ...........464,332 11/05/2003. 02/15/2020.<br />
31394J MZ 7 FHLMC 2676 CL LF CMO................................................................... ....... .. .........2 ......1 ..........17,233,802 ......101.818 ..........17,234,733 ..........16,927,000 ..........17,036,619 .......................... ............(42,704) ............................ .......................... ..........5.000 ..........4.712 MON.. .............70,529 ...........846,351 11/20/2003. 02/15/2028.<br />
31394J MD 6 FHLMC 2676 JY CMO......................................................................... ....... .. .........2 ......1 ..........10,230,883 ......104.905 ..........10,647,858 ..........10,150,000 ..........10,211,825 .......................... ..............(4,467) ............................ .......................... ..........5.500 ..........5.423 MON.. .............46,521 ...........558,250 02/05/2004. 09/15/2023.<br />
31394J S7 3 FHLMC 2677 CL BG CMO.................................................................. ....... .. .........2 ......1 ..........28,031,250 ......100.003 ..........30,000,900 ..........30,000,000 ..........28,783,797 .......................... ...........160,043 ............................ .......................... ..........4.500 ..........5.264 MON.. ...........112,500 ........1,350,000 10/07/2003. 09/15/2018.
E10.15<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31394J 6G 7 FHLMC 2681 CL B CMO..................................................................... ....... .. .........2 ......1 ............4,675,000 ......100.676 ............5,033,800 ............5,000,000 ............4,754,148 .......................... .............17,767 ............................ .......................... ..........5.000 ..........5.626 MON.. .............20,833 ...........250,000 09/12/2003. 09/15/2023.<br />
31394J FL 6 FHLMC 2683 CL UE CMO.................................................................. ....... .. .........2 ......1 ............7,076,534 ......102.411 ............7,371,544 ............7,198,000 ............7,081,793 .......................... ...............5,259 ............................ .......................... ..........5.500 ..........5.812 MON.. .............32,991 ...........131,963 08/25/2008. 01/15/2032.<br />
31394K 6R 0 FHLMC 2687 CL JE CMO................................................................... ....... .. .........2 ......1 ..........21,806,337 ......101.858 ..........21,759,313 ..........21,362,400 ..........21,543,757 .......................... ............(58,501) ............................ .......................... ..........5.000 ..........4.682 MON.. .............89,010 ........1,068,121 01/13/2004. 02/15/2021.<br />
31394K BS 2 FHLMC 2690 CL OD CMO.................................................................. ....... .. .........2 ......1 ..........18,555,660 ......101.347 ..........18,322,896 ..........18,079,367 ..........18,160,893 .......................... ............(93,346) ............................ .......................... ..........5.000 ..........4.505 MON.. .............75,331 ...........903,969 10/24/2003. 02/15/2027.<br />
31394K D6 8 FHLMC 2690 CL Z CMO..................................................................... ....... .. .........2 ......1 ............8,654,407 ........98.037 ............8,880,710 ............9,058,529 ............8,673,289 .......................... ...............8,444 ............................ .......................... ..........5.000 ..........5.318 MON.. .............37,744 ...........440,895 12/01/2008. 10/15/2033.<br />
31394L HG 0 FHLMC 2691 CI VL CMO.................................................................... ....... .. .........2 ......1 ..........14,622,759 ........99.783 ..........15,930,156 ..........15,964,800 ..........15,072,145 .......................... .............91,329 ............................ .......................... ..........4.500 ..........5.430 MON.. .............59,868 ...........718,416 10/07/2003. 07/15/2023.<br />
31394K DR 2 FHLMC 2693 CL BH CMO.................................................................. ....... .. .........2 ......1 ..........10,623,943 ......100.670 ..........11,394,837 ..........11,319,000 ..........10,790,898 .......................... .............37,956 ............................ .......................... ..........5.000 ..........5.591 MON.. .............47,163 ...........565,950 10/29/2003. 10/15/2023.<br />
31394L 7A 4 FHLMC 2695 CL BO CMO.................................................................. ....... .. .........2 ......1 ..........19,443,750 ......101.840 ..........20,368,000 ..........20,000,000 ..........19,781,446 .......................... .............72,220 ............................ .......................... ..........4.500 ..........4.925 MON.. .............75,000 ...........900,000 10/17/2003. 08/15/2028.<br />
31394L QU 9 FHLMC 2698 CL PE CMO................................................................... ....... .. .........2 ......1 ............8,007,500 ......102.071 ............8,165,680 ............8,000,000 ............8,003,100 .......................... .................(959) ............................ .......................... ..........5.000 ..........4.986 MON.. .............33,333 ...........400,000 11/04/2003. 01/15/2029.<br />
31394L SS 2 FHLMC 2700 PH CMO........................................................................ ....... .. .........2 ......1 ..........18,270,229 ........99.864 ..........18,314,059 ..........18,339,000 ..........18,270,288 .......................... ....................59 ............................ .......................... ..........4.500 ..........4.536 MON.. .............68,771 .......................... 12/19/2008. 11/15/2033.<br />
31394L NL 2 FHLMC 2701 CL OE CMO.................................................................. ....... .. .........2 ......1 ..........18,828,543 ......101.768 ..........19,245,631 ..........18,911,280 ..........18,876,583 .......................... .............10,879 ............................ .......................... ..........5.000 ..........5.067 MON.. .............78,797 ...........945,565 12/03/2003. 03/15/2021.<br />
31394M 2G 4 FHLMC 2705 CL LE CMO................................................................... ....... .. .........2 ......1 ..........20,626,552 ........99.965 ..........23,435,221 ..........23,443,426 ..........21,184,401 .......................... ...........122,430 ............................ .......................... ..........4.500 ..........5.575 MON.. .............87,913 ........1,054,954 11/13/2003. 11/15/2033.<br />
31394N 4V 7 FHLMC 2713 CL EH CMO.................................................................. ....... .. .........2 ......1 ..........22,483,030 ......101.927 ..........23,443,210 ..........23,000,000 ..........22,547,855 .......................... .............64,826 ............................ .......................... ..........5.500 ..........5.854 MON.. ...........105,417 ...........527,083 07/02/2008. 05/15/2032.<br />
31394N 4X 3 FHLMC 2713 EJ CMO......................................................................... ....... .. .........2 ......1 ..........32,823,680 ......100.711 ..........33,385,697 ..........33,150,000 ..........32,837,158 .......................... .............13,479 ............................ .......................... ..........5.500 ..........5.597 MON.. ...........151,938 ........1,671,311 01/11/2008. 12/15/2033.<br />
31394M MH 0 FHLMC 2716 CL GE CMO.................................................................. ....... .. .........2 ......1 ............6,992,344 ......102.048 ............7,143,360 ............7,000,000 ............6,996,748 .......................... ..................978 ............................ .......................... ..........5.000 ..........5.017 MON.. .............29,167 ...........350,000 12/04/2003. 08/15/2029.<br />
31394M JG 6 FHLMC 2721 CL PD CMO.................................................................. ....... .. .........2 ......1 ..........10,095,313 ......101.755 ..........10,175,500 ..........10,000,000 ..........10,040,494 .......................... ............(12,372) ............................ .......................... ..........5.000 ..........4.857 MON.. .............41,667 ...........500,000 12/11/2003. 04/15/2021.<br />
31394N NH 7 FHLMC 2727 CL UC CMO.................................................................. ....... .. .........2 ......1 ..........15,816,523 ......102.081 ..........15,892,991 ..........15,569,000 ..........15,676,169 .......................... ............(31,484) ............................ .......................... ..........5.000 ..........4.761 MON.. .............64,871 ...........778,451 01/09/2004. 05/15/2029.<br />
31394P 6K 4 FHLMC 2728 CL PE CMO................................................................... ....... .. .........2 ......1 ..........17,039,310 ......102.085 ..........17,297,282 ..........16,944,000 ..........16,985,463 .......................... ............(12,109) ............................ .......................... ..........5.000 ..........4.915 MON.. .............70,600 ...........847,201 01/06/2004. 04/15/2029.<br />
31394N GZ 5 FHLMC 2741 CL EB CMO................................................................... ....... .. .........2 ......1 ..........10,087,469 ......100.099 ..........10,510,395 ..........10,500,000 ..........10,200,852 .......................... .............24,812 ............................ .......................... ..........5.000 ..........5.405 MON.. .............43,750 ...........525,000 01/28/2004. 01/15/2024.<br />
31394P VY 6 FHLMC 2743 CL PH CMO.................................................................. ....... .. .........2 ......1 ............9,965,625 ......101.851 ..........10,185,100 ..........10,000,000 ............9,967,210 .......................... ...............1,585 ............................ .......................... ..........5.500 ..........5.535 MON.. .............45,833 ...........504,166 01/08/2008. 02/15/2034.<br />
31394P XW 8 FHLMC 2744 JE CMO......................................................................... ....... .. .........2 ......1 ..........17,198,040 ......102.220 ..........17,266,875 ..........16,891,875 ..........17,027,456 .......................... ............(38,538) ............................ .......................... ..........5.000 ..........4.728 MON.. .............70,383 ...........844,594 02/12/2004. 04/15/2029.<br />
31394R 4W 6 FHLMC 2749 CL PC CMO.................................................................. ....... .. .........2 ......1 ..........11,803,125 ......101.966 ..........12,235,920 ..........12,000,000 ..........11,909,345 .......................... .............25,547 ............................ .......................... ..........5.000 ..........5.258 MON.. .............50,000 ...........600,000 05/28/2004. 04/15/2029.<br />
31394R BL 2 FHLMC 2750 CL CT CMO................................................................... ....... .. .........2 ......1 ..........19,681,250 ......103.179 ..........20,635,800 ..........20,000,000 ..........19,844,306 .......................... .............35,405 ............................ .......................... ..........5.000 ..........5.232 MON.. .............83,333 ........1,000,001 02/05/2004. 02/15/2019.<br />
31394P KL 6 FHLMC 2753 CL PD CMO.................................................................. ....... .. .........2 ......1 ..........19,512,500 ......102.065 ..........20,413,000 ..........20,000,000 ..........19,774,690 .......................... .............63,431 ............................ .......................... ..........5.000 ..........5.386 MON.. .............83,333 ........1,000,001 06/07/2004. 02/15/2029.<br />
31394W SG 4 FHLMC 2778 CL JC CMO................................................................... ....... .. .........2 ......1 ............6,954,491 ......101.905 ............7,133,350 ............7,000,000 ............6,977,194 .......................... ...............6,089 ............................ .......................... ..........5.000 ..........5.106 MON.. .............29,167 ...........350,000 11/01/2006. 10/15/2028.<br />
31394X YP 5 FHLMC 2790 CL AU CMO.................................................................. ....... .. .........2 ......1 ..........12,732,465 ......103.219 ..........13,575,027 ..........13,151,675 ..........12,746,254 .......................... .............13,788 ............................ .......................... ..........5.500 ..........6.001 MON.. .............60,279 ...........241,114 08/22/2008. 05/15/2033.<br />
31394X UZ 7 FHLMC 2797 PG CMO........................................................................ ....... .. .........2 ......1 ............7,870,000 ......102.065 ............8,165,200 ............8,000,000 ............7,875,319 .......................... ...............5,319 ............................ .......................... ..........5.500 ..........5.789 MON.. .............36,667 ...........146,667 08/25/2008. 01/15/2033.<br />
31394X WY 8 FHLMC 2799 CL MD CMO.................................................................. ....... .. .........2 ......1 ............9,773,438 ......101.755 ..........10,175,500 ..........10,000,000 ............9,890,517 .......................... .............28,686 ............................ .......................... ..........5.000 ..........5.349 MON.. .............41,667 ...........500,000 06/07/2004. 11/15/2028.<br />
31395C QS 3 FHLMC 2825 CL PN CMO.................................................................. ....... .. .........2 ......1 ............5,865,000 ......101.935 ............6,116,100 ............6,000,000 ............5,870,738 .......................... ...............5,738 ............................ .......................... ..........5.500 ..........5.893 MON.. .............27,500 ...........110,000 08/14/2008. 09/15/2032.<br />
31395E K5 5 FHLMC 2833 CL JE CMO................................................................... ....... .. .........2 ......1 ..........12,848,164 ......102.175 ..........13,282,750 ..........13,000,000 ..........12,856,558 .......................... ...............8,394 ............................ .......................... ..........5.500 ..........5.700 MON.. .............59,583 ...........297,916 07/02/2008. 05/15/2033.<br />
31395E 5L 7 FHLMC 2848 CL TC CMO................................................................... ....... .. .........2 ......1 ..........15,469,453 ......101.280 ..........15,951,600 ..........15,750,000 ..........15,594,561 .......................... .............29,496 ............................ .......................... ..........5.000 ..........5.257 MON.. .............65,625 ...........787,501 08/04/2004. 05/15/2020.<br />
31395E AX 5 FHLMC 2849 CL PZ CMO................................................................... ....... .. .........2 ......1 ..........11,538,192 ........95.659 ..........11,874,832 ..........12,413,711 ..........11,578,765 .......................... .............15,934 ............................ .......................... ..........5.000 ..........5.514 MON.. .............51,724 ...........604,197 04/26/2005. 07/15/2033.<br />
31395G C3 4 FHLMC 2852 CL NY CMO.................................................................. ....... .. .........2 ......1 ..........11,583,810 ......101.400 ..........11,816,142 ..........11,653,000 ..........11,597,795 .......................... ...............4,270 ............................ .......................... ..........5.000 ..........5.062 MON.. .............48,554 ...........582,651 06/30/2005. 09/15/2033.<br />
31395F QC 1 FHLMC 2858 CL JN CMO................................................................... ....... .. .........2 ......1 ..........18,522,031 ......101.439 ..........19,273,410 ..........19,000,000 ..........18,540,349 .......................... .............18,318 ............................ .......................... ..........5.500 ..........5.929 MON.. .............87,083 ...........348,333 08/22/2008. 02/15/2033.<br />
31395F KG 8 FHLMC 2865 CL PC CMO.................................................................. ....... .. .........2 ......1 ...............753,281 ......102.146 ...............766,095 ...............750,000 ...............751,730 .......................... .................(407) ............................ .......................... ..........5.000 ..........4.933 MON.. ...............3,125 .............37,500 11/15/2004. 03/15/2030.<br />
31395H JE 1 FHLMC 2877 CL DA CMO.................................................................. ....... .. .........2 ......1 ..........18,832,903 ........96.241 ..........18,483,084 ..........19,205,000 ..........18,966,323 .......................... .............41,526 ............................ .......................... ..........5.000 ..........5.275 MON.. .............80,021 ...........960,251 04/29/2005. 11/15/2032.<br />
31395K Z2 2 FHLMC 2926 CL EW CMO.................................................................. ....... .. .........2 ......1 ..........11,221,875 ........99.537 ..........11,197,913 ..........11,250,000 ..........11,223,887 .......................... ...............2,012 ............................ .......................... ..........5.000 ..........5.031 MON.. .............46,875 ...........515,625 01/18/2008. 01/15/2025.<br />
31395M E9 6 FHLMC 2934 CL OG CMO.................................................................. ....... .. .........2 ......1 ..........10,422,956 ......102.537 ..........11,067,844 ..........10,794,000 ..........10,469,189 .......................... .............13,517 ............................ .......................... ..........5.000 ..........5.288 MON.. .............44,975 ...........539,700 04/26/2005. 02/15/2035.<br />
31395P PV 8 FHLMC 2948 CL QH CMO.................................................................. ....... .. .........2 ......1 ............9,287,803 ......102.343 ............9,885,386 ............9,659,074 ............9,335,985 .......................... .............14,009 ............................ .......................... ..........5.000 ..........5.327 MON.. .............40,246 ...........482,954 04/18/2005. 03/15/2035.<br />
31395P R5 3 FHLMC 2951 CL MH CMO.................................................................. ....... .. .........2 ......1 ............5,764,375 ......101.257 ............5,822,278 ............5,750,000 ............5,763,670 .......................... .................(705) ............................ .......................... ..........5.500 ..........5.467 MON.. .............26,354 ...........184,479 05/13/2008. 03/15/2025.<br />
31395T 6J 8 FHLMC 2956 CL WG CMO................................................................. ....... .. .........2 ......1 ..........20,460,448 ......101.564 ..........20,438,739 ..........20,124,000 ..........20,460,168 .......................... .................(281) ............................ .......................... ..........5.500 ..........5.339 MON.. .............92,235 .......................... 12/18/2008. 04/15/2035.<br />
31395U AJ 0 FHLMC 2981 CL XZ CMO................................................................... ....... .. .........2 ......1 ............5,349,131 ........98.219 ............5,872,391 ............5,978,875 ............5,363,107 .......................... ...............8,452 ............................ .......................... ..........5.000 ..........5.756 MON.. .............24,912 ...........291,002 01/24/2007. 03/15/2035.<br />
31396H E3 9 FHLMC 3113 CL QA CMO.................................................................. ....... .. .........2 ......1 .................22,223 ......101.576 .................22,606 .................22,256 .................22,241 .......................... ....................19 ............................ .......................... ..........5.000 ..........5.068 MON.. ....................93 ...............1,113 09/28/2007. 11/15/2025.<br />
31396T GD 9 FHLMC 3169 CL VB CMO................................................................... ....... .. .........2 ......1 ..........22,814,922 ......103.403 ..........23,782,690 ..........23,000,000 ..........22,821,851 .......................... ...............6,929 ............................ .......................... ..........6.000 ..........6.118 MON.. ...........115,000 ...........575,000 07/22/2008. 11/15/2026.<br />
31396R TX 5 FHLMC 3173 CL PE CMO................................................................... ....... .. .........2 ......1 ...............115,119 ......101.869 ...............117,149 ...............115,000 ...............115,121 .......................... .....................(2) ............................ .......................... ..........6.000 ..........5.982 MON.. ..................575 ...............6,450 06/06/2008. 04/15/2035.<br />
31396U Y4 6 FHLMC 3184 CL PD CMO.................................................................. ....... .. .........2 ......1 ..........29,376,563 ......102.293 ..........30,687,900 ..........30,000,000 ..........29,432,167 .......................... .............52,399 ............................ .......................... ..........5.500 ..........5.780 MON.. ...........137,500 ........1,649,999 11/09/2007. 07/15/2034.<br />
31397F 4U 3 FHLMC 3276 CL MB CMO.................................................................. ....... .. .........2 ......1 ..........19,934,375 ......105.859 ..........21,171,800 ..........20,000,000 ..........19,940,815 .......................... ...............4,036 ............................ .......................... ..........6.000 ..........6.040 MON.. ...........100,000 ........1,200,000 06/06/2007. 02/15/2027.<br />
31397E ZF 5 FHLMC 3282 CL JB CMO................................................................... ....... .. .........2 ......1 ............5,026,563 ......106.178 ............5,308,900 ............5,000,000 ............5,023,912 .......................... ..............(1,946) ............................ .......................... ..........6.000 ..........5.936 MON.. .............25,000 ...........300,000 06/01/2007. 02/15/2027.<br />
31397F VD 1 FHLMC 3288 CL KD CMO.................................................................. ....... .. .........2 ......1 ..........13,444,711 ......102.947 ..........14,567,001 ..........14,150,000 ..........13,496,056 .......................... .............35,247 ............................ .......................... ..........5.500 ..........6.019 MON.. .............64,854 ...........778,249 05/22/2007. 03/15/2037.<br />
31397F Y2 2 FHLMC 3291 CL ND CMO.................................................................. ....... .. .........2 ......1 ............6,969,908 ......102.157 ............7,321,592 ............7,167,000 ............6,970,707 .......................... ..................799 ............................ .......................... ..........5.500 ..........5.773 MON.. .............32,849 .............32,849 11/20/2008. 04/15/2035.<br />
31397H QZ 4 FHLMC 332 CL Z CMO....................................................................... ....... .. .........2 ......1 ..........10,553,482 ......100.183 ..........10,959,308 ..........10,939,289 ..........10,566,368 .......................... .............11,834 ............................ .......................... ..........6.000 ..........6.323 MON.. .............54,696 ...........635,514 05/01/2008. 06/15/2037.<br />
31397H HP 6 FHLMC 3320 CL TD CMO................................................................... ....... .. .........2 ......1 ..........29,431,214 ......102.337 ..........31,829,877 ..........31,103,000 ..........29,603,595 .......................... ...........114,260 ............................ .......................... ..........5.500 ..........6.178 MON.. ...........142,555 ........1,710,664 06/13/2007. 09/15/2035.<br />
31397J E2 6 FHLMC 3325 CL GN CMO.................................................................. ....... .. .........2 ......1 ............7,912,500 ......105.482 ............8,438,560 ............8,000,000 ............7,922,449 .......................... ...............7,542 ............................ .......................... ..........6.000 ..........6.147 MON.. .............40,000 ...........480,000 06/28/2007. 06/15/2027.
E10.16<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31397H XM 5 FHLMC 3329 BE CMO........................................................................ ....... .. .........2 ......1 ..........10,341,719 ......102.927 ..........11,321,970 ..........11,000,000 ..........10,381,846 .......................... .............36,108 ............................ .......................... ..........5.500 ..........6.148 MON.. .............50,417 ...........605,000 09/25/2007. 06/15/2037.<br />
31397H Y4 4 FHLMC 3329 CL HB CMO.................................................................. ....... .. .........2 ......1 ..........14,662,500 ......103.186 ..........15,477,900 ..........15,000,000 ..........14,735,917 .......................... .............55,281 ............................ .......................... ..........6.000 ..........6.456 MON.. .............75,000 ...........900,000 06/13/2007. 06/15/2035.<br />
31397H Y6 9 FHLMC 3329 CL HZ CMO................................................................... ....... .. .........2 ......1 ..........12,062,101 ......100.073 ..........12,295,979 ..........12,287,010 ..........12,072,493 .......................... ...............9,237 ............................ .......................... ..........6.000 ..........6.182 MON.. .............61,435 ...........713,810 07/01/2008. 06/15/2037.<br />
31397H ZH 4 FHLMC 3329 CL WL CMO.................................................................. ....... .. .........2 ......1 ..........20,778,829 ......103.229 ..........21,624,199 ..........20,947,795 ..........20,809,633 .......................... .............22,481 ............................ .......................... ..........6.000 ..........6.143 MON.. ...........104,739 ........1,256,868 06/13/2007. 08/15/2033.<br />
31397H ZJ 0 FHLMC 3329 CL WM CMO................................................................. ....... .. .........2 ......1 ..........23,053,652 ......102.857 ..........24,182,996 ..........23,511,279 ..........23,109,389 .......................... .............40,866 ............................ .......................... ..........6.000 ..........6.273 MON.. ...........117,556 ........1,410,677 06/13/2007. 07/15/2036.<br />
31397J 2B 9 FHLMC 3331 CL AY CMO................................................................... ....... .. .........2 ......1 ..........17,394,413 ......102.729 ..........18,910,671 ..........18,408,308 ..........17,456,589 .......................... .............55,893 ............................ .......................... ..........5.500 ..........6.094 MON.. .............84,371 ........1,012,456 09/21/2007. 06/15/2037.<br />
31397J 2F 0 FHLMC 3331 CL BZ CMO................................................................... ....... .. .........2 ......1 ..........23,506,624 ......100.005 ..........23,931,986 ..........23,930,789 ..........23,524,897 .......................... .............16,200 ............................ .......................... ..........6.000 ..........6.172 MON.. ...........119,654 ........1,390,251 07/01/2008. 06/15/2037.<br />
31397J 5K 6 FHLMC 3331 CL PD CMO.................................................................. ....... .. .........2 ......1 ..........12,436,841 ......102.104 ..........12,621,075 ..........12,361,000 ..........12,376,298 .......................... ..............(1,516) ............................ .......................... ..........6.000 ..........5.981 MON.. .............61,805 ...........741,660 06/01/2007. 01/15/2036.<br />
31397H TG 3 FHLMC 3333 CL LB CMO................................................................... ....... .. .........2 ......1 ..........12,933,881 ......107.145 ..........14,272,810 ..........13,321,023 ..........12,962,842 .......................... .............21,581 ............................ .......................... ..........6.000 ..........6.322 MON.. .............66,605 ...........799,261 06/12/2007. 06/15/2027.<br />
31397H UU 0 FHLMC 3334 CL CE CMO.................................................................. ....... .. .........2 ......1 ..........14,935,659 ......102.120 ..........15,240,389 ..........14,924,000 ..........14,934,246 .......................... ..............(1,031) ............................ .......................... ..........6.000 ..........5.989 MON.. .............74,620 ...........895,440 06/04/2007. 05/15/2036.<br />
31397J 6S 8 FHLMC 3336 CL EH CMO.................................................................. ....... .. .........2 ......1 ..........12,230,170 ......101.693 ..........12,787,895 ..........12,575,000 ..........12,262,789 .......................... .............25,625 ............................ .......................... ..........6.000 ..........6.341 MON.. .............62,875 ...........754,500 06/29/2007. 06/15/2037.<br />
31397H ND 6 FHLMC 3337 CL NZ CMO................................................................... ....... .. .........2 ......1 ..........16,809,148 ........99.785 ..........17,519,811 ..........17,557,559 ..........16,850,681 .......................... .............35,400 ............................ .......................... ..........6.000 ..........6.473 MON.. .............87,788 ........1,020,000 12/01/2008. 06/15/2037.<br />
31397H NJ 3 FHLMC 3337 CL PB............................................................................ ....... .. .........2 ......1 ...................9,989 ......103.286 .................10,329 .................10,000 ...................9,991 .......................... ......................2 ............................ .......................... ..........5.500 ..........5.521 MON.. ....................46 ..................550 09/25/2007. 07/15/2030.<br />
31397H NL 8 FHLMC 3337 CL PD CMO.................................................................. ....... .. .........2 ......1 ............7,568,286 ......102.303 ............7,993,956 ............7,814,000 ............7,569,364 .......................... ...............1,078 ............................ .......................... ..........5.500 ..........5.810 MON.. .............35,814 .............35,814 11/18/2008. 09/15/2035.<br />
31397J XG 4 FHLMC 3344 CL GZ CMO.................................................................. ....... .. .........2 ......1 ..........13,166,023 ......100.504 ..........13,565,259 ..........13,497,233 ..........13,175,529 .......................... ...............8,843 ............................ .......................... ..........6.000 ..........6.212 MON.. .............67,486 ...........784,117 07/01/2008. 07/15/2037.<br />
31397J LW 2 FHLMC 3348 CL HT CMO................................................................... ....... .. .........2 ......1 ..........10,000,000 ......102.085 ..........10,208,500 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 MON.. .............50,000 ...........600,000 11/06/2007. 07/15/2037.<br />
31397J UY 8 FHLMC 3349 CL DP CMO.................................................................. ....... .. .........2 ......1 ..........19,600,000 ......102.769 ..........20,553,800 ..........20,000,000 ..........19,602,197 .......................... ...............2,197 ............................ .......................... ..........6.000 ..........6.196 MON.. ...........100,000 ...........100,000 10/31/2008. 09/15/2036.<br />
31397K N8 0 FHLMC 3369 CL VB CMO................................................................... ....... .. .........2 ......1 ..........11,031,719 ......102.858 ..........11,172,436 ..........10,862,000 ..........11,012,919 .......................... ............(16,608) ............................ .......................... ..........6.000 ..........5.766 MON.. .............54,310 ...........651,720 10/25/2007. 04/15/2025.<br />
31397P W3 0 FHLMC 3405 CL VB CMO................................................................... ....... .. .........2 ......1 ..........10,671,719 ......102.894 ..........11,318,340 ..........11,000,000 ..........10,682,870 .......................... .............11,151 ............................ .......................... ..........5.500 ..........5.885 MON.. .............50,417 ...........252,083 07/02/2008. 03/15/2029.<br />
31397R CA 2 FHLMC 3416 CL GK CMO.................................................................. ....... .. .........2 ......1 .................30,291 ........98.754 .................30,714 .................31,102 .................30,421 .......................... ..................136 ............................ .......................... ..........4.000 ..........4.637 MON.. ..................104 ..................933 03/11/2008. 07/15/2022.<br />
31397W WQ 4 FHLMC 3468 GW CMO....................................................................... ....... .. .........2 ......1 ..........29,841,223 ......102.760 ..........32,514,079 ..........31,640,793 ..........29,888,331 .......................... .............47,109 ............................ .......................... ..........5.500 ..........6.207 MON.. ...........145,020 ...........725,101 07/18/2008. 07/15/2038.<br />
31397Y 6P 1 FHLMC 3484 CL YU CMO.................................................................. ....... .. .........2 ......1 ..........10,430,499 ......102.823 ..........11,230,316 ..........10,921,988 ..........10,442,821 .......................... .............12,323 ............................ .......................... ..........5.500 ..........6.108 MON.. .............50,059 ...........200,236 08/14/2008. 08/15/2028.<br />
31393P WE 0 FHR 2594 VB....................................................................................... ....... .. .........2 ......1 ..........16,432,755 ......103.313 ..........16,892,709 ..........16,351,000 ..........16,390,536 .......................... ..............(9,892) ............................ .......................... ..........6.000 ..........5.922 MON.. .............81,755 ...........981,060 05/13/2004. 08/15/2020.<br />
31392H GS 6 FMNA FNR 02-95 EB SEQ................................................................. ....... .. .........2 ......1 ............5,346,959 ......100.861 ............5,388,242 ............5,342,246 ............5,344,532 .......................... ..............(1,060) ............................ .......................... ..........5.000 ..........4.976 MON.. .............22,259 ...........267,112 11/27/2002. 04/25/2031.<br />
31359U VK 8 FMNA FNR 98-W6 M MEZ.................................................................. C.... .. .........2 ......1 ............2,419,574 ......105.517 ............2,551,932 ............2,418,503 ............2,419,578 .......................... ...................(88) ............................ .......................... ..........7.085 ..........7.079 MON.. .............14,279 ...........171,351 12/11/1998. 10/25/2028.<br />
31359U UL 7 FMNA FNR 98-51 K SEQ.................................................................... ....... .. .........2 ......1 ............1,375,841 ......105.332 ............1,555,792 ............1,477,037 ............1,415,069 .......................... .............14,212 ............................ .......................... ..........6.500 ..........7.783 MON.. ...............8,001 .............96,007 05/17/2001. 08/20/2028.<br />
31358L FV 3 FNMA FNR G92-2 Z XACC................................................................. ....... .. .........2 ......1 ...............101,006 ......100.327 .................98,146 .................97,826 .................97,826 .......................... .....................(4) ............................ .......................... ..........8.000 ..........8.000 MON.. ..................652 ...............7,826 02/25/1994. 12/25/2021.<br />
31358P HT 7 FNMA FNR G92-35 E BPAC.............................................................. ....... .. .........2 ......1 ............1,585,023 ......107.457 ............1,739,405 ............1,618,699 ............1,604,871 .......................... ...............2,047 ............................ .......................... ..........7.500 ..........7.812 MON.. .............10,117 ...........121,402 03/20/1996. 07/25/2022.<br />
31359F XM 5 FNMA FNR G93-40 H BPAC............................................................... ....... .. .........2 ......1 ............2,154,097 ......103.541 ............2,360,037 ............2,279,326 ............2,242,774 .......................... ...............8,163 ............................ .......................... ..........6.400 ..........6.937 MON.. .............12,156 ...........145,877 12/30/1993. 12/25/2023.<br />
31392D V2 5 FNMA FNR 02-48 AE PAC.................................................................. ....... .. .........2 ......1 ............9,792,758 ......103.279 ..........10,173,680 ............9,850,676 ............9,822,013 .......................... ...............5,763 ............................ .......................... ..........6.000 ..........6.073 MON.. .............49,253 ...........591,041 07/22/2002. 08/25/2032.<br />
31392E HY 9 FNMA FNR 02-53 PE PAC.................................................................. ....... .. .........2 ......1 ..........19,514,957 ......102.866 ..........20,961,005 ..........20,377,000 ..........19,739,341 .......................... .............40,391 ............................ .......................... ..........6.000 ..........6.413 MON.. ...........101,885 ........1,222,620 07/30/2002. 09/25/2032.<br />
31393C YY 3 FNMA FNR 03-46 DA PAC................................................................. ....... .. .........2 ......1 ............9,859,375 ......101.500 ..........10,150,000 ..........10,000,000 ............9,902,908 .......................... .............13,855 ............................ .......................... ..........5.000 ..........5.188 MON.. .............41,667 ...........500,000 07/12/2005. 04/25/2032.<br />
31394B F4 1 FNMA FNR 04-101 VP SEQ............................................................... ....... .. .........2 ......1 ..........12,886,759 ......102.687 ..........13,252,085 ..........12,905,320 ..........12,893,636 .......................... ...............1,988 ............................ .......................... ..........5.000 ..........5.021 MON.. .............53,772 ...........645,266 05/20/2005. 10/25/2027.<br />
31394A 5P 7 FNMA FNR 04-70 GB SEQ................................................................. ....... .. .........2 ......1 ..........14,561,719 ........99.289 ..........14,893,350 ..........15,000,000 ..........14,729,878 .......................... .............35,783 ............................ .......................... ..........4.500 ..........4.886 MON.. .............56,250 ...........675,000 10/26/2004. 01/25/2032.<br />
31394A 2V 7 FNMA FNR 04-73 MB SEQ................................................................. ....... .. .........2 ......1 ..........12,776,484 ........98.242 ..........13,262,670 ..........13,500,000 ..........12,994,154 .......................... .............46,242 ............................ .......................... ..........4.500 ..........5.120 MON.. .............50,625 ...........607,500 10/18/2004. 08/25/2031.<br />
31394B W3 4 FNMA FNR 04-95 EN NAS................................................................. ....... .. .........2 ......1 ............7,858,155 ......101.290 ............8,089,751 ............7,986,722 ............7,888,016 .......................... ...............6,611 ............................ .......................... ..........4.500 ..........4.671 MON.. .............29,950 ...........359,403 04/28/2005. 03/25/2032.<br />
31394D TB 6 FNMA FNR 05-38 DP SEQ................................................................. ....... .. .........2 ......1 ............9,995,313 ......101.277 ..........10,127,700 ..........10,000,000 ............9,997,110 .......................... ..................572 ............................ .......................... ..........5.000 ..........5.007 MON.. .............41,667 ...........500,000 09/12/2005. 06/25/2019.<br />
31394D TP 5 FNMA FNR 05-38 QJ SEQ.................................................................. ....... .. .........2 ......1 ............4,810,760 ......102.307 ............4,918,604 ............4,807,691 ............4,809,452 .......................... .................(400) ............................ .......................... ..........5.500 ..........5.489 MON.. .............22,035 ...........264,423 08/09/2005. 03/25/2033.<br />
31394D K3 3 FNMA FNR 05-46 CE SEQ................................................................. ....... .. .........2 ......1 ..........15,021,094 ........99.587 ..........14,938,050 ..........15,000,000 ..........15,015,389 .......................... ..............(1,635) ............................ .......................... ..........5.000 ..........4.983 MON.. .............62,500 ...........750,001 06/02/2005. 03/25/2024.<br />
31392B XP 6 FNMA FNR 2002-2 QM VADM............................................................ ....... .. .........2 ......1 ............1,008,037 ........99.958 ............1,032,130 ............1,032,564 ............1,032,273 .......................... ...............9,651 ............................ .......................... ..........6.000 ..........6.418 MON.. ...............5,163 .............61,954 01/15/2002. 11/25/2018.<br />
31392B TZ 9 FNMA FNR 2002-5 PR BPAC............................................................. ....... .. .........2 ......1 ..........10,022,209 ......105.088 ..........10,744,210 ..........10,224,012 ..........10,134,495 .......................... .............19,577 ............................ .......................... ..........6.000 ..........6.251 MON.. .............51,120 ...........613,441 01/15/2002. 02/15/2022.<br />
31393U AB 9 FNMA FNR 2003-123 AY SEQ........................................................... ....... .. .........2 ......1 ..........13,542,188 ........96.663 ..........14,499,450 ..........15,000,000 ..........14,091,780 .......................... ...........114,905 ............................ .......................... ..........4.000 ..........5.131 MON.. .............50,000 ...........599,999 11/18/2003. 12/25/2018.<br />
313602 DB 7 FNMA FNR 88-13 C BPAC................................................................. ....... .. .........2 ......1 ...................4,183 ......109.849 ...................4,348 ...................3,958 ...................4,116 .......................... ...................(19) ............................ .......................... ..........9.300 ..........7.651 MON.. ....................31 ..................368 10/29/1999. 05/25/2018.<br />
313602 HT 4 FNMA FNR 88-29 B TAC.................................................................... ....... .. .........2 ......1 .................49,877 ......109.000 .................55,899 .................51,284 .................50,467 .......................... ..................281 ............................ .......................... ..........9.500 ........10.246 MON.. ..................406 ...............4,872 05/08/1989. 12/25/2018.<br />
313602 JU 9 FNMA FNR 89-2 D BPAC................................................................... ....... .. .........2 ......1 ...............745,155 ......103.344 ...............780,201 ...............754,956 ...............753,392 .......................... ....................84 ............................ .......................... ..........8.800 ..........8.879 MON.. ...............5,536 .............66,436 04/28/1995. 01/25/2019.<br />
313602 QL 1 FNMA FNR 89-20 A BPAC MF........................................................... ....... .. .........2 ......1 ............6,693,068 ......104.729 ............7,622,140 ............7,277,965 ............7,116,569 .......................... ...........180,119 ............................ .......................... ..........6.750 ..........7.694 AO...... ...........122,816 ...........491,263 07/28/1992. 04/25/2018.<br />
31358E 8N 5 FNMA FNR 90-114 X XACC BPAC.................................................... ....... .. .........2 ......1 ...............422,265 ......111.067 ...............434,996 ...............391,652 ...............402,587 .......................... ..............(1,554) ............................ .......................... ..........9.000 ..........7.871 MON.. ...............2,937 .............35,249 09/29/1995. 09/25/2020.<br />
31358F HF 9 FNMA FNR 90-128 J BPAC................................................................ ....... .. .........2 ......1 ...............358,398 ......109.625 ...............363,021 ...............331,148 ...............341,585 .......................... ..............(2,672) ............................ .......................... ..........8.500 ..........7.265 MON.. ...............2,346 .............28,147 11/24/1993. 10/25/2020.<br />
31358F 2D 0 FNMA FNR 91-19 K BPAC.................................................................. ....... .. .........2 ......1 ...............686,085 ......106.821 ...............739,685 ...............692,453 ...............689,546 .......................... ..................246 ............................ .......................... ..........7.000 ..........7.148 MON.. ...............4,039 .............48,472 02/21/1996. 03/25/2021.<br />
31358F ZB 8 FNMA FNR 91-6 ZD XACC BPAC...................................................... ....... .. .........2 ......1 ...............268,707 ......111.245 ...............271,066 ...............243,666 ...............254,753 .......................... .................(863) ............................ .......................... ..........9.000 ..........7.395 MON.. ...............1,827 .............21,930 01/03/1996. 01/25/2021.<br />
31358P EE 3 FNMA FNR 92-117 M BPAC............................................................... ....... .. .........2 ......1 ...............674,537 ......106.658 ...............733,983 ...............688,165 ...............682,634 .......................... ..................646 ............................ .......................... ..........7.000 ..........7.296 MON.. ...............4,014 .............48,171 12/13/1995. 07/25/2022.<br />
31358L 2M 7 FNMA FNR 92-29 Z BPAC.................................................................. ....... .. .........2 ......1 ...............148,107 ......101.363 ...............144,909 ...............142,961 ...............143,183 .......................... .................(281) ............................ .......................... ..........8.000 ..........7.586 MON.. ..................953 .............11,437 12/01/1993. 02/25/2022.<br />
31358N EH 1 FNMA FNR 92-92 Z ACC BPAC......................................................... ....... .. .........2 ......1 ............1,485,775 ......109.318 ............1,570,342 ............1,436,490 ............1,449,742 .......................... ..............(1,690) ............................ .......................... ..........8.000 ..........7.642 MON.. ...............9,577 ...........114,919 12/01/1993. 06/25/2022.<br />
31358U G5 9 FNMA FNR 93-61 KC BPAC............................................................... ....... .. .........2 ......1 ............2,117,787 ......106.777 ............2,382,792 ............2,231,559 ............2,189,012 .......................... .............11,704 ............................ .......................... ..........7.000 ..........7.665 MON.. .............13,017 ...........156,209 09/27/1996. 05/25/2023.
E10.17<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31359G 6F 8 FNMA FNR 94-48 G BPAC................................................................. ....... .. .........2 ......1 ...............200,702 ......100.005 ...............223,384 ...............223,373 ...............223,268 .......................... .............15,314 ............................ .......................... ..........6.000 ..........7.111 MON.. ...............1,117 .............13,402 03/30/1994. 03/25/2009.<br />
31359N PU 9 FNMA FNR 97-10 Z ACC.................................................................... ....... .. .........2 ......1 ............3,695,636 ......108.847 ............4,273,179 ............3,925,858 ............3,852,051 .......................... ...............8,959 ............................ .......................... ..........7.500 ..........8.142 MON.. .............24,537 ...........294,439 01/15/1997. 03/18/2027.<br />
31359N 6P 1 FNMA FNR 97-23 Z ACC.................................................................... ....... .. .........2 ......1 ............2,421,832 ......107.048 ............2,610,525 ............2,438,649 ............2,430,671 .......................... ..................729 ............................ .......................... ..........7.000 ..........7.099 MON.. .............14,225 ...........170,705 02/26/1999. 04/18/2027.<br />
31359N MP 3 FNMA FNR 97-4 Z ACC...................................................................... ....... .. .........2 ......1 ............3,951,932 ......107.092 ............4,296,341 ............4,011,822 ............3,976,475 .......................... ...............4,405 ............................ .......................... ..........7.000 ..........7.276 MON.. .............23,402 ...........280,828 07/09/2001. 02/18/2027.<br />
31359T H3 5 FNMA FNR 98-40 Z ACC.................................................................... ....... .. .........2 ......1 ..........15,373,219 ......104.102 ..........16,632,777 ..........15,977,384 ..........15,795,681 .......................... .............35,942 ............................ .......................... ..........6.500 ..........6.821 MON.. .............86,544 ........1,038,530 05/21/1998. 07/18/2028.<br />
31359V TD 5 FNMA FNR 99-17 E NAS.................................................................... ....... .. .........2 ......1 ............1,616,273 ......105.614 ............1,728,882 ............1,636,982 ............1,626,951 .......................... ...............2,058 ............................ .......................... ..........6.500 ..........6.682 MON.. ...............8,867 ...........106,404 03/29/1999. 03/20/2029.<br />
31359W DC 2 FNMA FNR 99-26 LB SEQ.................................................................. ....... .. .........2 ......1 ............1,318,646 ......106.102 ............1,441,044 ............1,358,169 ............1,340,907 .......................... ...............5,274 ............................ .......................... ..........6.500 ..........6.956 MON.. ...............7,357 .............88,281 05/12/1999. 06/25/2019.<br />
31359W C6 6 FNMA FNR 99-50 OD BPAC............................................................... ....... .. .........2 ......1 ..........10,005,715 ......105.497 ..........10,900,634 ..........10,332,649 ..........10,188,663 .......................... .............25,954 ............................ .......................... ..........6.500 ..........6.894 MON.. .............55,969 ...........671,622 05/10/2001. 09/25/2029.<br />
31359X KR 9 FNMA FNR 99-60 CG BPAC............................................................... ....... .. .........2 ......1 ...............723,077 ......100.338 ...............727,126 ...............724,677 ...............724,610 .......................... ..................216 ............................ .......................... ..........6.000 ..........6.032 MON.. ...............3,623 .............43,481 02/06/2002. 10/18/2028.<br />
31376C SS 4 FNMA PL#351629 PSTHR.................................................................. ....... .. .........2 ......1 ...................3,056 ......101.188 ...................3,140 ...................3,103 ...................3,103 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MON.. ....................18 ..................217 04/18/1997. 11/01/2009.<br />
31358M DL 5 FNMA REMIC (PAC 11) 92-34G CMO............................................... ....... .. .........2 ......1 .................59,854 ......104.623 .................57,749 .................55,197 .................55,757 .......................... .................(305) ............................ .......................... ..........8.000 ..........7.160 MON.. ..................368 ...............4,416 06/29/1993. 03/25/2022.<br />
31358H GD 1 FNMA REMIC G-19 CL-JQ 20 PAC.................................................... ....... .. .........2 ......1 ............1,623,836 ......110.751 ............1,776,816 ............1,604,334 ............1,610,061 .......................... .................(813) ............................ .......................... ..........9.000 ..........8.868 MON.. .............12,033 ...........144,390 08/15/1991. 07/25/2021.<br />
31358J KC 4 FNMA REMIC G-27 CL-JQ................................................................. ....... .. .........2 ......1 ............1,011,792 ......108.854 ............1,114,901 ............1,024,217 ............1,021,876 .......................... ..................962 ............................ .......................... ..........8.500 ..........8.634 MON.. ...............7,255 .............87,058 10/04/1991. 09/25/2021.<br />
313602 A8 7 FNMA REMIC G1 CL-E 20 PAC......................................................... ....... .. .........2 ......1 ............1,271,076 ......109.138 ............1,500,613 ............1,374,969 ............1,348,732 .......................... ...............5,554 ............................ .......................... ..........8.700 ..........9.530 MON.. ...............9,969 ...........119,623 07/19/1989. 08/25/2019.<br />
31358P CB 1 FNMA REMIC G92-40 C1 ZC CMO.................................................... ....... .. .........2 ......1 ............1,713,435 ......106.481 ............2,179,688 ............2,047,021 ............1,984,275 .......................... ...............9,760 ............................ .......................... ..........7.000 ..........8.160 MON.. .............11,941 ...........143,288 09/11/1995. 07/25/2022.<br />
31392F JQ 1 FNMA REMIC PSTHR TR 2002-73 CL............................................... C.... .. .........2 ......1 ..........14,522,621 ......102.468 ..........14,934,711 ..........14,575,000 ..........14,542,365 .......................... ...............6,847 ............................ .......................... ..........5.500 ..........5.562 MON.. .............66,802 ...........801,624 01/09/2006. 04/25/2031.<br />
31393Y WJ 0 FNMA REMIC PSTHRU TR 2004-45 C.............................................. ....... .. .........2 ......1 ..........44,499,855 ........99.001 ..........49,868,826 ..........50,372,043 ..........46,454,971 .......................... ...........346,832 ............................ .......................... ..........4.500 ..........5.857 MON.. ...........188,895 ........2,212,444 05/01/2008. 12/25/2030.<br />
31359D SU 8 FNMA REMIC SER 1993-173 CLASS................................................ ....... .. .......23 ......1 ............................. ........99.615 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ........11.280 ................... MON.. ....................27 .......................... 01/01/1998. 09/25/2008.<br />
31394D AQ 3 FNMA REMIC SER 2005-25 CL ZH C................................................ ....... .. .........2 ......1 ............7,368,965 ........97.381 ............7,495,975 ............7,697,575 ............7,381,878 .......................... ...............4,926 ............................ .......................... ..........5.000 ..........5.294 MON.. .............32,073 ...........374,654 10/01/2007. 04/25/2035.<br />
31394D LX 6 FNMA REMIC SER 2005-41 CL KX C................................................ ....... .. .........2 ......1 ..........25,140,998 ........99.594 ..........25,335,830 ..........25,439,113 ..........25,208,638 .......................... .............20,477 ............................ .......................... ..........5.000 ..........5.129 MON.. ...........105,996 ........1,271,957 06/13/2005. 05/25/2025.<br />
31359Q CN 2 FNMA REMIC SER 97-55 CL-B TAC(................................................ ....... .. .........2 ......1 ...............272,803 ......104.302 ...............284,691 ...............272,948 ...............272,923 .......................... ...................(16) ............................ .......................... ..........7.000 ..........7.009 MON.. ...............1,592 .............19,107 03/19/2001. 02/18/2027.<br />
31358H JE 6 FNMA REMIC SER91-75 CL ZB CMO............................................... ....... .. .........2 ......1 ...............275,249 ......108.195 ...............252,096 ...............233,001 ...............242,805 .......................... ..............(2,212) ............................ .......................... ..........9.000 ..........7.253 MON.. ...............1,748 .............20,970 10/12/1995. 07/25/2021.<br />
31359T UU 0 FNMA REMIC TR SER 1998-30 CL Z................................................. ....... .. .........2 ......1 ...............532,458 ......104.095 ...............605,465 ...............581,647 ...............559,422 .......................... ...............5,825 ............................ .......................... ..........6.500 ..........7.742 MON.. ...............3,151 .............37,807 03/12/2002. 05/20/2028.<br />
313602 YY 4 FNMA REMIC 89-45 CL-E 20 PAC..................................................... ....... .. .........2 ......1 ...............512,931 ......108.328 ...............657,265 ...............606,736 ...............581,818 .......................... .................(393) ............................ .......................... ..........8.000 ..........9.715 MON.. ...............4,045 .............48,539 06/27/1989. 07/25/2019.<br />
313602 D4 3 FNMA REMIC 89-48 CL-H 20 PAC..................................................... ....... .. .........2 ......1 ............1,185,039 ......107.862 ............1,498,103 ............1,388,907 ............1,343,156 .......................... .............16,199 ............................ .......................... ..........8.000 ..........9.672 MON.. ...............9,259 ...........111,113 07/12/1989. 08/25/2019.<br />
313602 KQ 6 FNMA REMIC 89-5 CL-D 20 YEAR P................................................. ....... .. .........2 ......1 ...............536,873 ......108.819 ...............681,819 ...............626,563 ...............604,394 .......................... ...............4,951 ............................ .......................... ..........8.500 ........10.186 MON.. ...............4,438 .............53,258 09/24/1990. 02/25/2019.<br />
313602 F2 5 FNMA REMIC 89-51 CL-G 20 PAC..................................................... ....... .. .........2 ......1 ...............839,039 ......108.240 ............1,031,033 ...............952,543 ...............928,919 .......................... .............11,372 ............................ .......................... ..........8.300 ..........9.623 MON.. ...............6,588 .............79,061 07/21/1989. 08/25/2019.<br />
313602 R8 9 FNMA REMIC 89-59 CL K 20 PAC C.................................................. ....... .. .........2 ......1 ............1,153,105 ......108.285 ............1,422,865 ............1,314,000 ............1,278,264 .......................... ...............8,658 ............................ .......................... ..........8.300 ..........9.689 MON.. ...............9,089 ...........109,062 08/21/1989. 09/25/2019.<br />
313602 U7 7 FNMA REMIC 89-60 CL-G 20 PAC..................................................... ....... .. .........2 ......1 ...............205,391 ......103.513 ...............297,346 ...............287,255 ...............266,496 .......................... ...............5,879 ............................ .......................... ..........6.750 ..........9.884 MON.. ...............1,616 .............19,390 08/17/1989. 09/25/2019.<br />
313602 4D 3 FNMA REMIC 89-68 CL-H 20 PAC..................................................... ....... .. .........2 ......1 ...............399,591 ......109.165 ...............508,746 ...............466,034 ...............445,260 .......................... ...............2,091 ............................ .......................... ..........8.250 ........10.036 MON.. ...............3,204 .............38,448 10/30/1991. 10/25/2019.<br />
313603 FR 8 FNMA REMIC 89-83 CL-H 20 PAC..................................................... ....... .. .........2 ......1 ...............398,721 ......109.724 ...............549,805 ...............501,080 ...............495,583 .......................... ..................793 ............................ .......................... ..........8.500 ..........8.965 MON.. ...............3,549 .............42,592 12/13/1991. 11/25/2019.<br />
313603 EB 4 FNMA REMIC 89-84 CL-H 20 PAC..................................................... ....... .. .........2 ......1 ...............162,664 ......108.822 ...............314,727 ...............289,212 ...............282,362 .......................... ..................580 ............................ .......................... ..........8.000 ..........9.025 MON.. ...............1,928 .............23,137 10/24/1989. 11/25/2019.<br />
313603 FW 7 FNMA REMIC 89-88 CL-G 20 PAC..................................................... ....... .. .........2 ......1 ...............346,438 ......110.569 ...............396,509 ...............358,608 ...............355,563 .......................... ..................654 ............................ .......................... ..........9.000 ..........9.378 MON.. ...............2,690 .............32,275 11/20/1990. 11/25/2019.<br />
31358E 7X 4 FNMA REMIC 90-106 CL-J 20 PAC.................................................... ....... .. .........2 ......1 ...............462,000 ......108.598 ...............618,565 ...............569,592 ...............537,162 .......................... ...............4,652 ............................ .......................... ..........8.500 ........10.687 MON.. ...............4,035 .............48,415 09/24/1990. 09/25/2020.<br />
31358F BC 2 FNMA REMIC 90-108 CL-G 20 PAC................................................... ....... .. .........2 ......1 ...............214,897 ......105.359 ...............854,922 ...............811,437 ...............721,541 .......................... .............17,634 ............................ .......................... ..........7.000 ........10.503 MON.. ...............4,733 .............56,801 03/01/1994. 09/25/2020.<br />
313603 QB 1 FNMA REMIC 90-3 CL-E 20 PAC....................................................... ....... .. .........2 ......1 ............1,075,039 ......109.320 ............1,273,913 ............1,165,307 ............1,142,901 .......................... ...............5,244 ............................ .......................... ..........8.500 ..........9.344 MON.. ...............8,254 .............99,051 12/19/1989. 01/25/2020.<br />
313603 TM 4 FNMA REMIC 90-9 CL-E 20 PAC....................................................... ....... .. .........2 ......1 ...............204,631 ......108.981 ...............261,625 ...............240,065 ...............230,946 .......................... ...............2,751 ............................ .......................... ..........8.500 ........10.200 MON.. ...............1,700 .............20,406 02/07/1990. 01/25/2020.<br />
31358E B2 7 FNMA REMIC 90-90 CL-H 20 PAC..................................................... ....... .. .........2 ......1 ...............315,620 ......109.063 ...............391,163 ...............358,658 ...............347,415 .......................... ...............3,504 ............................ .......................... ..........8.500 ..........9.861 MON.. ...............2,540 .............30,486 06/26/1990. 08/25/2020.<br />
31358J ZT 1 FNMA REMIC 91-137 CL H................................................................. ....... .. .........2 ......1 ...............254,151 ......106.996 ...............281,281 ...............262,889 ...............260,415 .......................... ..................850 ............................ .......................... ..........7.000 ..........7.368 MON.. ...............1,534 .............18,402 10/31/1996. 10/25/2021.<br />
31358G MA 2 FNMA REMIC 91-40 CL-J 20 YR PA.................................................. ....... .. .........2 ......1 ...............345,699 ......108.317 ...............466,555 ...............430,731 ...............407,332 .......................... ...............2,507 ............................ .......................... ..........7.500 ..........9.770 MON.. ...............2,692 .............32,305 05/23/1991. 05/25/2021.<br />
31358Q HC 2 FNMA REMIC 92-159 CL-PL (FN 7.................................................... ....... .. .........2 ......1 ............1,462,338 ......106.663 ............1,736,738 ............1,628,248 ............1,579,179 .......................... ...............5,386 ............................ .......................... ..........7.000 ..........8.114 MON.. ...............9,498 ...........113,977 08/12/1992. 09/25/2022.<br />
31358R BM 4 FNMA REMIC 92-195 C TAC CMO.................................................... ....... .. .........2 ......1 ...............402,895 ......108.450 ...............472,322 ...............435,520 ...............426,365 .......................... ...............1,124 ............................ .......................... ..........7.500 ..........8.290 MON.. ...............2,722 .............32,664 12/02/1992. 10/25/2022.<br />
31359D BH 5 FNMA REMIC 93-147 CL ZA PAC CM............................................... ....... .. .........2 ......1 ............2,002,798 ......105.461 ............2,468,048 ............2,340,247 ............2,196,718 .......................... .............24,911 ............................ .......................... ..........6.500 ..........8.573 MON.. .............12,676 ...........152,116 06/18/1996. 08/25/2023.<br />
31359S ZX 1 FNMA SER 2001-17 CL-PJ CMO....................................................... ....... .. .........2 ......1 ............9,579,452 ......104.699 ..........10,341,940 ............9,877,783 ............9,738,940 .......................... .............28,813 ............................ .......................... ..........6.500 ..........6.868 MON.. .............53,505 ...........642,056 04/10/2001. 05/25/2031.<br />
31392E LU 2 FNMA SER 2002-58 CL PE CMO....................................................... ....... .. .........2 ......1 ............4,501,445 ......101.136 ............4,500,508 ............4,449,957 ............4,459,160 .......................... ..............(9,273) ............................ .......................... ..........6.000 ..........5.798 MON.. .............22,250 ...........266,998 08/07/2002. 05/25/2031.<br />
31392B Z6 6 FNMA SER 2002-7 CL BC CMO......................................................... ....... .. .........2 ......1 ............2,560,720 ......103.433 ............2,657,392 ............2,569,192 ............2,566,652 .......................... ..................424 ............................ .......................... ..........6.000 ..........6.025 MON.. .............12,846 ...........154,151 02/03/2004. 03/25/2032.<br />
31394C DV 1 FNMA SER 2005-1 CL KZ CMO......................................................... ....... .. .........2 ......1 ..........14,361,499 ........97.754 ..........14,974,187 ..........15,318,235 ..........14,371,705 .......................... ...............5,896 ............................ .......................... ..........5.000 ..........5.384 MON.. .............63,826 ...........745,565 06/21/2005. 02/25/2035.<br />
31394D 6S 4 FNMA SER 2005-56 CL TZ CMO....................................................... ....... .. .........2 ......1 ..........17,653,604 ........98.391 ..........17,574,795 ..........17,862,198 ..........17,713,636 .......................... .............19,037 ............................ .......................... ..........5.000 ..........5.152 MON.. .............74,426 ...........869,385 06/14/2005. 04/25/2023.<br />
31396P RK 9 FNMA SER 2007-6 CL PA CMO......................................................... ....... .. .........2 ......1 ..........18,283,673 ......102.969 ..........19,090,040 ..........18,539,600 ..........18,332,484 .......................... .............27,440 ............................ .......................... ..........5.500 ..........5.709 MON.. .............84,973 ........1,019,678 01/19/2007. 02/25/2037.<br />
31358G 5J 2 FNMA SER 91-65 CL Z PAC CMO..................................................... ....... .. .........2 ......1 ...............988,750 ......103.892 ............1,198,372 ............1,153,479 ............1,102,136 .......................... ...............9,366 ............................ .......................... ..........6.500 ..........8.279 MON.. ...............6,248 .............74,976 08/30/1995. 06/25/2021.<br />
31364H FQ 5 FNMA TR 56 CL-A DISC STRIP......................................................... ....... .. .........2 ......1 .................74,704 ......105.370 ...............116,253 ...............110,328 ...............110,328 .......................... .......................... ............................ .......................... ..........6.000 ..........5.999 MON.. ..................552 ...............6,620 12/16/1991. 04/01/2019.<br />
31364H BE 6 FNMA TRUST 3 P O STRIP................................................................ ....... .. .........2 ......1 ...................3,536 ........88.258 .................14,137 .................16,018 .................10,479 .......................... ..................875 ............................ .......................... ................... ........18.079 MON.. .......................... .......................... 05/21/1992. 02/01/2017.<br />
31393C MU 4 FNMA 03-48 KH CMO......................................................................... ....... .. .........2 ......1 ..........11,949,375 ......101.969 ..........12,236,280 ..........12,000,000 ..........11,951,587 .......................... ...............2,212 ............................ .......................... ..........5.500 ..........5.542 MON.. .............55,000 ...........605,000 01/15/2008. 06/25/2033.
E10.18<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31393D VP 3 FNMA 03-61 MV CMO........................................................................ ....... .. .........2 ......1 ............8,296,029 ......102.164 ............8,561,166 ............8,379,827 ............8,303,887 .......................... ...............7,859 ............................ .......................... ..........5.000 ..........5.147 MON.. .............34,916 ...........384,076 01/10/2008. 04/25/2023.<br />
31394A JS 6 FNMA 04-50 ME CMO........................................................................ ....... .. .........2 ......1 ..........22,690,938 ......102.040 ..........23,469,200 ..........23,000,000 ..........22,703,153 .......................... .............12,216 ............................ .......................... ..........5.500 ..........5.739 MON.. ...........105,417 ...........316,250 08/28/2008. 03/25/2033.<br />
31394V JM 3 FNMA 05-114 QD CMO....................................................................... ....... .. .........2 ......1 ..........20,278,650 ......103.290 ..........20,781,429 ..........20,119,497 ..........20,221,124 .......................... ............(21,464) ............................ .......................... ..........5.500 ..........5.369 MON.. .............92,214 ........1,106,573 01/06/2006. 02/25/2035.<br />
31394C UR 1 FNMA 05-15 VA CMO......................................................................... ....... .. .........2 ......1 ............5,836,180 ......102.125 ............5,898,817 ............5,776,076 ............5,812,223 .......................... ..............(6,931) ............................ .......................... ..........5.500 ..........5.346 MON.. .............26,474 ...........317,684 03/03/2005. 04/25/2023.<br />
31394C RJ 3 FNMA 05-17 XC CMO......................................................................... ....... .. .........2 ......1 ..........17,866,337 ........99.769 ..........18,217,889 ..........18,260,070 ..........17,888,797 .......................... .............22,460 ............................ .......................... ..........5.000 ..........5.238 MON.. .............76,084 ...........836,921 01/09/2008. 03/25/2025.<br />
31394C L2 6 FNMA 05-27 TD CMO......................................................................... ....... .. .........2 ......1 ..........16,452,408 ......101.343 ..........16,554,379 ..........16,335,000 ..........16,448,805 .......................... ..............(3,603) ............................ .......................... ..........5.500 ..........5.386 MON.. .............74,869 ...........224,606 09/10/2008. 09/25/2033.<br />
31394C BC 5 FNMA 05-3 VA CMO........................................................................... ....... .. .........2 ......1 ..........12,150,490 ......101.377 ..........12,077,319 ..........11,913,274 ..........12,054,709 .......................... ............(27,096) ............................ .......................... ..........5.500 ..........5.210 MON.. .............54,603 ...........655,230 02/03/2005. 08/25/2023.<br />
31394D ZQ 6 FNMA 05-48 OT CMO......................................................................... ....... .. .........2 ......1 ..........13,741,085 ......101.654 ..........13,931,357 ..........13,704,682 ..........13,726,679 .......................... ..............(4,356) ............................ .......................... ..........5.000 ..........4.959 MON.. .............57,103 ...........685,235 06/21/2005. 10/25/2031.<br />
31394E AV 0 FNMA 05-51 ND CMO......................................................................... ....... .. .........2 ......1 ..........11,964,898 ......102.164 ..........12,476,268 ..........12,212,000 ..........11,974,587 .......................... ...............9,689 ............................ .......................... ..........5.500 ..........5.825 MON.. .............55,972 ...........223,887 08/08/2008. 11/25/2033.<br />
31396X N3 4 FNMA 07-104 AC CMO....................................................................... ....... .. .........2 ......1 ..........28,307,813 ........99.764 ..........29,929,200 ..........30,000,000 ..........28,392,948 .......................... .............78,439 ............................ .......................... ..........5.500 ..........6.078 MON.. ...........137,500 ........1,649,999 10/03/2007. 11/25/2037.<br />
31396W DC 7 FNMA 07-53 ND CMO......................................................................... ....... .. .........2 ......1 ..........12,139,357 ......102.846 ..........12,509,765 ..........12,163,589 ..........12,142,749 .......................... ...............2,113 ............................ .......................... ..........6.000 ..........6.029 MON.. .............60,818 ...........729,815 05/30/2007. 10/25/2035.<br />
31396W N3 6 FNMA 07-68 BG CMO......................................................................... ....... .. .........2 ......1 ..........28,609,958 ......101.714 ..........29,899,202 ..........29,395,365 ..........28,694,815 .......................... .............66,733 ............................ .......................... ..........6.000 ..........6.356 MON.. ...........146,977 ........1,763,722 06/29/2007. 07/25/2037.<br />
31396W M7 8 FNMA 07-68 PC CMO......................................................................... ....... .. .........2 ......1 ..........10,557,447 ......102.306 ..........11,178,164 ..........10,926,206 ..........10,561,282 .......................... ...............3,835 ............................ .......................... ..........5.500 ..........5.792 MON.. .............50,078 ...........200,314 08/15/2008. 06/25/2036.<br />
31396W S4 9 FNMA 07-74 AC CMO......................................................................... ....... .. .........2 ......1 ..........34,533,281 ......101.586 ..........39,618,540 ..........39,000,000 ..........34,781,604 .......................... ...........177,361 ............................ .......................... ..........5.000 ..........6.134 MON.. ...........162,500 ........1,950,002 06/28/2007. 08/25/2037.<br />
31396W P9 1 FNMA 07-74 ZL CMO.......................................................................... ....... .. .........2 ......1 ..........10,518,985 ......100.176 ..........10,958,543 ..........10,939,289 ..........10,533,150 .......................... .............13,050 ............................ .......................... ..........6.000 ..........6.354 MON.. .............54,696 ...........635,514 12/01/2008. 08/25/2037.<br />
31396X EC 4 FNMA 07-80 TD CMO......................................................................... ....... .. .........2 ......1 ..........25,999,763 ......103.015 ..........27,054,198 ..........26,262,387 ..........26,037,784 .......................... .............30,107 ............................ .......................... ..........6.000 ..........6.160 MON.. ...........131,312 ........1,575,743 06/29/2007. 03/25/2036.<br />
31396X J5 4 FNMA 07-98 VB CMO......................................................................... ....... .. .........2 ......1 ..........16,507,625 ......102.552 ..........16,818,528 ..........16,400,000 ..........16,496,163 .......................... ............(10,235) ............................ .......................... ..........6.000 ..........5.903 MON.. .............82,000 ...........984,000 10/26/2007. 09/25/2026.<br />
31397L H7 7 FNMA 08-63 ND CMO......................................................................... ....... .. .........2 ......1 ..........18,817,260 ......100.088 ..........20,017,600 ..........20,000,000 ..........18,836,675 .......................... .............19,415 ............................ .......................... ..........5.500 ..........6.150 MON.. .............91,667 ...........366,666 08/29/2008. 07/25/2038.<br />
31397M QY 6 FNMA 08-75 GB CMO......................................................................... ....... .. .........2 ......1 ..........17,849,688 ......105.040 ..........18,907,200 ..........18,000,000 ..........17,854,327 .......................... ...............4,639 ............................ .......................... ..........6.000 ..........6.127 MON.. .............90,000 ...........360,000 07/24/2008. 09/25/2028.<br />
31359P AR 7 FNMA 1997-24 ZA CMO..................................................................... ....... .. .........2 ......1 ..........12,304,536 ......107.031 ..........12,039,645 ..........11,248,745 ..........11,806,160 .......................... ..........(139,296) ............................ .......................... ..........7.000 ..........5.450 MON.. .............65,618 ...........770,550 04/06/2004. 04/18/2027.<br />
31359S PN 4 FNMA 2001-15 CL Z CMO.................................................................. ....... .. .........2 ......1 ..........20,219,400 ......103.951 ..........20,114,994 ..........19,350,457 ..........19,829,346 .......................... ............(98,093) ............................ .......................... ..........6.000 ..........5.380 MON.. .............96,752 ........1,161,028 01/13/2004. 04/25/2031.<br />
31359S B5 8 FNMA 2001-17 CL ZM CMO............................................................... ....... .. .........2 ......1 ...............820,789 ......104.718 ...............812,850 ...............776,227 ...............800,574 .......................... ..............(4,719) ............................ .......................... ..........6.500 ..........5.651 MON.. ...............4,205 .............50,455 05/06/2004. 05/25/2031.<br />
31359S FZ 8 FNMA 2001-4 CL ZA CMO.................................................................. ....... .. .........2 ......1 ..........12,277,882 ......104.602 ..........12,287,658 ..........11,747,058 ..........12,081,867 .......................... ............(58,696) ............................ .......................... ..........6.500 ..........5.837 MON.. .............63,630 ...........760,149 10/01/2007. 03/25/2031.<br />
31392F BQ 9 FNMA 2002-70 CL QG CMO............................................................... ....... .. .........2 ......1 ............8,468,507 ......101.990 ............8,627,582 ............8,459,243 ............8,465,135 .......................... ..............(2,168) ............................ .......................... ..........5.500 ..........5.472 MON.. .............38,772 ...........465,258 11/01/2006. 06/25/2031.<br />
31392F 4F 1 FNMA 2002-77 CL QG CMO............................................................... ....... .. .........2 ......1 ..........11,787,872 ......102.452 ..........12,426,403 ..........12,129,000 ..........11,807,460 .......................... .............17,286 ............................ .......................... ..........5.500 ..........5.799 MON.. .............55,591 ...........667,095 11/01/2007. 12/25/2032.<br />
31392J AP 4 FNMA 2003-W2 CL 2A8 CMO............................................................ ....... .. .........2 ......1 ..........12,233,599 ......101.680 ..........11,890,140 ..........11,693,686 ..........12,205,010 .......................... ...........277,375 ............................ .......................... ..........5.674 ..........5.173 MON.. .............55,292 ...........663,500 09/13/2004. 07/25/2042.<br />
31393T Q6 6 FNMA 2003-109 CL XC CMO............................................................. ....... .. .........2 ......1 ..........10,146,875 ......101.706 ..........10,170,600 ..........10,000,000 ..........10,058,472 .......................... ............(19,225) ............................ .......................... ..........5.000 ..........4.776 MON.. .............41,667 ...........500,000 11/20/2003. 07/25/2020.<br />
31393T 2W 5 FNMA 2003-113 CL PE CMO............................................................. ....... .. .........2 ......1 ..........13,490,625 ........96.266 ..........14,439,900 ..........15,000,000 ..........14,051,553 .......................... ...........123,339 ............................ .......................... ..........4.000 ..........5.171 MON.. .............50,000 ...........599,999 12/10/2003. 11/25/2018.<br />
31393T V8 6 FNMA 2003-115 CL PE CMO............................................................. ....... .. .........2 ......1 ..........23,173,938 ......101.698 ..........23,421,049 ..........23,030,000 ..........23,088,639 .......................... ............(18,075) ............................ .......................... ..........5.000 ..........4.906 MON.. .............95,958 ........1,151,501 10/24/2003. 03/25/2021.<br />
31393U EY 5 FNMA 2003-119 CL XD CMO............................................................. ....... .. .........2 ......1 ..........14,242,500 ......101.406 ..........14,602,464 ..........14,400,000 ..........14,322,622 .......................... .............17,523 ............................ .......................... ..........5.000 ..........5.152 MON.. .............60,000 ...........720,001 11/13/2003. 12/25/2021.<br />
31393U LQ 4 FNMA 2003-122 CL BA CMO............................................................. ....... .. .........2 ......1 ............7,154,225 ......100.660 ............7,358,687 ............7,310,438 ............7,255,856 .......................... .............20,662 ............................ .......................... ..........4.500 ..........4.880 MON.. .............27,414 ...........328,971 11/13/2003. 02/25/2028.<br />
31393U SP 9 FNMA 2003-124 CL AE CMO............................................................. ....... .. .........2 ......1 ..........44,982,334 ......101.460 ..........45,469,299 ..........44,815,000 ..........44,898,021 .......................... ............(20,983) ............................ .......................... ..........5.500 ..........5.446 MON.. ...........205,402 ........2,464,823 01/09/2004. 07/25/2031.<br />
31392J PE 3 FNMA 2003-16 CL PC CMO............................................................... ....... .. .........2 ......1 ..........13,541,967 ......101.189 ..........13,324,472 ..........13,167,905 ..........13,229,795 .......................... ............(83,143) ............................ .......................... ..........5.000 ..........4.458 MON.. .............54,866 ...........658,395 11/18/2003. 10/25/2015.<br />
31393A DJ 3 FNMA 2003-28 KG CMO..................................................................... ....... .. .........2 ......1 ............6,153,750 ......102.105 ............6,126,300 ............6,000,000 ............6,111,105 .......................... ............(11,787) ............................ .......................... ..........5.500 ..........5.233 MON.. .............27,500 ...........330,000 04/01/2004. 04/25/2023.<br />
31393C 6A 6 FNMA 2003-68 CL QW CMO.............................................................. ....... .. .........2 ......1 ..........20,350,938 ......100.624 ..........20,124,800 ..........20,000,000 ..........20,275,913 .......................... ...............2,520 ............................ .......................... ..........5.000 ..........4.855 MON.. .............83,333 ........1,000,001 07/01/2003. 07/25/2023.<br />
31393E CX 5 FNMA 2003-74 CL PU CMO............................................................... ....... .. .........2 ......1 ............6,915,781 ......100.774 ............7,054,180 ............7,000,000 ............6,938,965 .......................... ...............6,609 ............................ .......................... ..........5.000 ..........5.148 MON.. .............29,167 ...........350,000 06/15/2005. 09/25/2031.<br />
31393T KX 3 FNMA 2003-81 CL HY CMO............................................................... ....... .. .........2 ......1 ............9,937,500 ......101.581 ..........10,158,100 ..........10,000,000 ............9,978,385 .......................... ...............8,681 ............................ .......................... ..........4.750 ..........4.850 MON.. .............39,583 ...........475,000 10/17/2003. 10/25/2016.<br />
31393E RP 6 FNMA 2003-83 CL PB CMO............................................................... ....... .. .........2 ......1 ...............130,276 ........99.824 ...............129,731 ...............129,960 ...............129,960 .......................... .................(345) ............................ .......................... ..........3.500 ..........3.449 MON.. ..................379 ...............4,549 07/17/2003. 09/25/2016.<br />
31393E X7 9 FNMA 2003-85 CL QC CMO............................................................... ....... .. .........2 ......1 ..........40,826,953 ......102.228 ..........42,935,760 ..........42,000,000 ..........40,836,512 .......................... ...............9,559 ............................ .......................... ..........5.500 ..........5.794 MON.. ...........192,500 ...........385,000 10/23/2008. 03/25/2033.<br />
31393E 3V 9 FNMA 2003-87 CL JC CMO................................................................ ....... .. .........2 ......1 ............2,043,450 ........99.398 ............2,203,654 ............2,217,000 ............2,092,601 .......................... ...............9,653 ............................ .......................... ..........4.250 ..........5.026 MON.. ...............7,852 .............94,223 11/19/2003. 06/25/2033.<br />
31393T CA 2 FNMA 2003-92 CL BH CMO............................................................... ....... .. .........2 ......1 ..........11,873,539 ......100.504 ..........13,195,170 ..........13,129,000 ..........12,161,735 .......................... .............59,155 ............................ .......................... ..........5.000 ..........5.919 MON.. .............54,704 ...........656,451 09/04/2003. 09/25/2023.<br />
31393U 2L 6 FNMA 2004-1 GC CMO....................................................................... ....... .. .........2 ......1 ..........20,318,750 ......101.737 ..........20,347,400 ..........20,000,000 ..........20,129,988 .......................... ............(42,346) ............................ .......................... ..........5.000 ..........4.752 MON.. .............83,333 ........1,000,001 02/06/2004. 12/25/2021.<br />
31393U 3H 4 FNMA 2004-2 CL QJ CMO.................................................................. ....... .. .........2 ......1 ............2,845,500 ......100.620 ............2,817,360 ............2,800,000 ............2,809,409 .......................... ..............(7,983) ............................ .......................... ..........4.000 ..........3.691 MON.. ...............9,333 ...........112,000 03/25/2004. 01/25/2016.<br />
31393Y YS 8 FNMA 2004-45 CL VB CMO............................................................... ....... .. .........2 ......1 ..........16,351,632 ........98.943 ..........17,532,051 ..........17,719,344 ..........16,641,962 .......................... .............75,591 ............................ .......................... ..........4.500 ..........5.305 MON.. .............66,448 ...........797,370 03/22/2005. 10/25/2028.<br />
31394A YY 6 FNMA 2004-68 CL CB CMO............................................................... ....... .. .........2 ......1 ............9,742,523 ........97.520 ..........10,299,087 ..........10,561,000 ............9,924,209 .......................... .............47,377 ............................ .......................... ..........4.500 ..........5.328 MON.. .............39,604 ...........475,245 03/22/2005. 09/25/2024.<br />
31394U P7 1 FNMA 2005-110 MB CMO.................................................................. ....... .. .........2 ......1 ............8,231,732 ......101.896 ............8,230,603 ............8,077,454 ............8,164,881 .......................... ............(24,274) ............................ .......................... ..........5.500 ..........5.154 MON.. .............37,022 ...........444,260 10/21/2005. 09/25/2035.<br />
31394C VC 3 FNMA 2005-15 EB CMO..................................................................... ....... .. .........2 ......1 ..........14,017,500 ......102.288 ..........14,320,320 ..........14,000,000 ..........14,009,985 .......................... ..............(2,103) ............................ .......................... ..........5.000 ..........4.981 MON.. .............58,333 ...........700,001 02/25/2005. 10/25/2030.<br />
31394D EL 0 FNMA 2005-29 CL AK CMO............................................................... ....... .. .........2 ......1 ............5,401,804 ......103.037 ............5,765,740 ............5,595,795 ............5,480,413 .......................... .............31,216 ............................ .......................... ..........4.500 ..........5.142 MON.. .............20,984 ...........251,811 11/01/2006. 04/25/2035.<br />
31394D LT 5 FNMA 2005-41 CL WY CMO.............................................................. ....... .. .........2 ......1 ..........22,150,857 ......102.578 ..........23,748,859 ..........23,152,000 ..........22,243,192 .......................... .............62,625 ............................ .......................... ..........5.500 ..........6.017 MON.. ...........106,113 ........1,273,359 06/29/2007. 05/25/2025.<br />
31394E SM 1 FNMA 2005-59 CL PD CMO............................................................... ....... .. .........2 ......1 ..........25,484,375 ......101.875 ..........25,468,750 ..........25,000,000 ..........25,359,267 .......................... ............(38,667) ............................ .......................... ..........5.500 ..........5.267 MON.. ...........114,583 ........1,374,999 06/30/2005. 12/25/2033.<br />
31396K MB 5 FNMA 2006-74 CL QB CMO............................................................... ....... .. .........2 ......1 ............2,000,000 ......101.208 ............2,024,160 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 MON.. .............10,000 ...........120,000 05/24/2007. 08/25/2036.<br />
31396P L7 4 FNMA 2007-13 CL EH CMO............................................................... ....... .. .........2 ......1 ..........16,322,281 ......101.120 ..........17,962,433 ..........17,763,482 ..........16,437,806 .......................... .............80,586 ............................ .......................... ..........5.500 ..........6.424 MON.. .............81,416 ...........976,991 06/12/2007. 03/25/2037.<br />
31396V C6 3 FNMA 2007-46 CL VK CMO............................................................... ....... .. .........2 ......1 ............4,704,688 ......103.185 ............5,159,250 ............5,000,000 ............4,731,794 .......................... .............18,281 ............................ .......................... ..........5.500 ..........6.202 MON.. .............22,917 ...........275,000 06/12/2007. 03/25/2022.
E10.19<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31396W HJ 8 FNMA 2007-51 CL DY CMO............................................................... ....... .. .........2 ......1 ............1,979,219 ......101.757 ............2,035,140 ............2,000,000 ............1,981,169 .......................... ...............1,206 ............................ .......................... ..........6.000 ..........6.122 MON.. .............10,000 ...........120,000 05/23/2007. 06/25/2037.<br />
31396W A5 5 FNMA 2007-62 CL PG CMO............................................................... ....... .. .........2 ......1 ..........24,526,367 ......102.606 ..........25,651,500 ..........25,000,000 ..........24,586,503 .......................... .............39,286 ............................ .......................... ..........6.000 ..........6.272 MON.. ...........125,000 ........1,500,000 06/07/2007. 04/25/2037.<br />
31396W NS 1 FNMA 2007-69 CL ZA CMO................................................................ ....... .. .........2 ......1 ..........10,619,699 ........99.785 ..........10,915,770 ..........10,939,289 ..........10,638,263 .......................... .............15,917 ............................ .......................... ..........6.000 ..........6.324 MON.. .............54,696 ...........635,514 05/01/2008. 07/25/2037.<br />
31396W RM 0 FNMA 2007-70 CL Z CMO.................................................................. ....... .. .........2 ......1 ............7,574,198 ........99.178 ............8,243,120 ............8,311,440 ............7,593,391 .......................... .............12,558 ............................ .......................... ..........5.500 ..........6.253 MON.. .............38,094 ...........443,797 11/01/2007. 07/25/2037.<br />
31396X WL 4 FNMA 2007-93 B CMO........................................................................ ....... .. .........2 ......1 ............2,871,563 ......104.330 ............3,129,900 ............3,000,000 ............2,875,822 .......................... ...............3,770 ............................ .......................... ..........6.000 ..........6.383 MON.. .............15,000 ...........180,000 09/27/2007. 09/25/2037.<br />
31339W NA 0 FNMA 2439 CL LH CMO..................................................................... ....... .. .........2 ......1 ..........20,015,625 ......103.034 ..........20,606,800 ..........20,000,000 ..........20,020,710 .......................... ..............(3,106) ............................ .......................... ..........6.000 ..........5.978 MON.. ...........100,000 ........1,200,000 12/26/2003. 04/15/2032.<br />
31392H TJ 2 FNR 2003-1 PG................................................................................... ....... .. .........2 ......1 ..........30,172,266 ......102.549 ..........30,764,700 ..........30,000,000 ..........30,086,232 .......................... ............(17,790) ............................ .......................... ..........5.500 ..........5.428 MON.. ...........137,500 ........1,649,999 12/17/2002. 09/25/2031.<br />
31393E ZW 2 FNR 2003-94 PE.................................................................................. ....... .. .........2 ......1 ..........26,608,161 ......102.065 ..........26,993,131 ..........26,447,000 ..........26,510,501 .......................... ............(21,821) ............................ .......................... ..........5.500 ..........5.406 MON.. ...........121,215 ........1,454,584 08/21/2003. 07/25/2029.<br />
57643M DG 6 MASTR ASSET SEC TR 2004-6 CL 6................................................ ....... .. .........2 .1FE ............7,554,601 ........97.188 ............7,606,003 ............7,826,072 ............7,665,275 .......................... .............35,157 ............................ .......................... ..........4.500 ..........4.953 MON.. .............29,348 ...........352,172 07/14/2004. 07/25/2019.<br />
911760 LQ 7 VENDE MTG TRUST VENDE 1998-2 1............................................. ....... .. .........2 ......1 ............5,307,653 ......107.457 ............5,709,787 ............5,313,555 ............5,309,598 .......................... ..................791 ............................ .......................... ..........6.750 ..........6.760 MON.. .............29,889 ...........358,665 03/09/2001. 06/15/2028.<br />
911760 FE 1 VENDE MTG TRUST VENDE 94-3B 2F............................................. ....... .. .........2 ......1 ............4,186,106 ......112.509 ............4,800,596 ............4,266,855 ............4,217,544 .......................... .............18,873 ............................ .......................... ..........7.750 ..........7.958 MON.. .............27,557 ...........330,681 09/16/1996. 09/15/2024.<br />
911760 FH 4 VENDE MTG TRUST VENDE 95-1 2 P.............................................. ....... .. .........2 ......1 ...............290,806 ......105.781 ...............296,240 ...............280,050 ...............290,745 .......................... ..............(1,042) ............................ .......................... ..........7.792 ..........7.219 MON.. ...............1,819 .............21,823 02/04/1997. 02/15/2025.<br />
911760 FY 7 VENDE MTG TRUST VENDE 95-1 4 P.............................................. ....... .. .........2 ......1 ............1,456,919 ......111.189 ............1,479,608 ............1,330,714 ............1,456,094 .......................... ..............(8,631) ............................ .......................... ..........8.850 ..........7.262 MON.. ...............9,815 ...........118,104 01/02/1997. 02/15/2025.<br />
911760 LY 0 VENDE MTG TRUST VENDE 98-3 E S............................................. ....... .. .........2 ......1 ............5,541,809 ......111.003 ............6,216,123 ............5,599,960 ............5,561,467 .......................... ...............8,510 ............................ .......................... ..........6.500 ..........6.594 MON.. .............30,333 ...........363,997 09/16/1998. 03/15/2029.<br />
2799999. Special Revenue - Defined Multi-Class Residential Mtg.-Backed Securities............................................ .....3,926,774,924 ....XXX....... .....4,081,523,103 .....4,014,142,887 .....3,944,851,544 ......................0 ........5,830,652 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ......17,795,192 ....198,670,851 .....XXX....... .....XXX.......<br />
Special Revenue & Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and <strong>The</strong>ir Political Subdivisions - Defined Multi-Class Commercial Mortgage-Backed Securities<br />
05947U LM 8 BANC AMER COML MTG 03-1 CL D 1.............................................. ....... .. .........2 .1FE ............3,014,986 ........77.841 ............2,335,230 ............3,000,000 ............3,007,271 .......................... ..............(1,537) ............................ .......................... ..........4.903 ..........4.839 MON.. .............12,258 ...........147,090 03/31/2003. 09/11/2036.<br />
2999999. Special Revenue - Defined Multi-Class Commercial Mtg.-Backed Securities.......................................... ............3,014,986 ....XXX....... ............2,335,230 ............3,000,000 ............3,007,271 ......................0 ..............(1,537) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... .............12,258 ...........147,090 .....XXX....... .....XXX.......<br />
3199999. Total - Special Revenue & Special Assessment Obligations.................................................................... .....5,432,076,479 ....XXX....... .....5,637,980,388 .....5,528,050,348 .....5,450,400,542 ......................0 ........7,391,171 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ......26,446,868 ....266,061,619 .....XXX....... .....XXX.......<br />
Public Utilities (Unaffiliated) - Issuer Obligations<br />
00386S AA 0 ABU DHABI NATL ENERGY CO PJSC.............................................. ....... .. ........... .1FE ..........19,639,995 ........81.700 ..........16,094,900 ..........19,700,000 ..........19,650,453 .......................... ...............4,841 ............................ .......................... ..........5.875 ..........5.915 AO...... ...........205,756 ........1,157,375 01/17/2007. 10/27/2016.<br />
00386S AB 8 ABU DHABI NATL ENERGY CO PJSC.............................................. ....... .. ........... .1FE ..........30,293,850 ........71.256 ..........21,376,800 ..........30,000,000 ..........30,286,685 .......................... ..............(4,030) ............................ .......................... ..........6.500 ..........6.424 AO...... ...........346,667 ........1,950,000 03/08/2007. 10/27/2036.<br />
0010EQ AB 2 AEP TEXAS NORTH CO SR NTS...................................................... ....... .. .........1 .2FE ..........16,341,647 ........95.713 ..........15,649,076 ..........16,350,000 ..........16,355,080 .......................... ..................297 ............................ .......................... ..........5.500 ..........5.492 MS..... ...........299,750 ...........862,125 05/09/2008. 03/01/2013.<br />
00130H BA 2 AES CORP 2ND PRIORITY SR SECD............................................... ....... .. .........1 .3FE ...............409,000 ........96.000 ...............392,640 ...............409,000 ...............409,000 .......................... .......................... ............................ .......................... ..........8.750 ..........8.750 MN..... ...............4,573 .............35,788 05/01/2003. 05/15/2013.<br />
00104B AC 4 AES EASTERN ENERGY LP PSTHR CT.......................................... ....... .. ........... .3FE ............4,093,250 ........88.900 ............3,638,900 ............4,093,250 ............4,093,250 .......................... .......................... ............................ .......................... ..........9.000 ..........9.000 JJ....... ...........183,173 ...........368,392 05/11/1999. 01/02/2017.<br />
001192 AD 5 AGL CAPITAL CORP BDS.................................................................. ....... .. .........1 .2FE ............9,981,900 ........74.684 ............7,468,400 ..........10,000,000 ............9,983,050 .......................... ..................271 ............................ .......................... ..........6.000 ..........6.013 AO...... ...........150,000 ...........600,000 09/22/2004. 10/01/2034.<br />
001192 AC 7 AGL CAPITAL CORP CO GUARNT................................................... ....... .. .........1 .2FE ..........18,071,709 ........90.038 ..........17,026,186 ..........18,910,000 ..........18,469,767 .......................... .............89,657 ............................ .......................... ..........4.450 ..........5.061 AO...... ...........177,649 ...........841,495 04/07/2004. 04/15/2013.<br />
001192 AA 1 AGL CAPITAL CORP NTS.................................................................. ....... .. ........... .2FE ..........21,809,670 ......101.387 ..........21,544,738 ..........21,250,000 ..........21,407,790 .......................... ............(70,161) ............................ .......................... ..........7.125 ..........6.729 JJ....... ...........702,357 ........1,514,063 02/05/2002. 01/14/2011.<br />
001192 AE 3 AGL CAPITAL CORP NTS.................................................................. ....... .. .........1 .2FE ............6,851,950 ........88.059 ............6,164,130 ............7,000,000 ............6,899,972 .......................... .............13,751 ............................ .......................... ..........4.950 ..........5.231 JJ....... ...........159,775 ...........346,500 04/26/2005. 01/15/2015.<br />
010284 AN 7 ALABAMA GAS CORP SR NT............................................................ ....... .. ........... .2FE ..........20,000,000 ........87.893 ..........17,578,600 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.900 ..........5.900 JJ....... ...........544,111 ........1,180,000 01/10/2007. 01/15/2037.<br />
010392 EC 8 ALABAMA POWER CO DEBS........................................................... ....... .. .........1 .1FE ..........17,423,780 ........95.741 ..........17,233,380 ..........18,000,000 ..........17,469,991 .......................... ...............9,707 ............................ .......................... ..........5.700 ..........5.931 FA...... ...........387,600 ........1,026,000 11/07/2003. 02/15/2033.<br />
010392 EP 9 ALABAMA POWER CO SR NT........................................................... ....... .. ........... .1FE ...............938,900 ........92.462 ...............924,620 ............1,000,000 ...............939,914 .......................... ..................913 ............................ .......................... ..........5.650 ..........6.112 MS..... .............16,636 .............56,500 11/14/2007. 03/15/2035.<br />
010392 ER 5 ALABAMA POWER CO SR NT........................................................... ....... .. ........... .1FE ............4,988,450 ........97.985 ............4,899,250 ............5,000,000 ............4,991,265 .......................... ...............1,003 ............................ .......................... ..........5.200 ..........5.230 JJ....... ...........119,889 ...........260,000 01/11/2006. 01/15/2016.<br />
010392 ET 1 ALABAMA POWER CO SR NT SER HH............................................ ....... .. ........... .1FE ............2,999,130 ......100.749 ............3,022,470 ............3,000,000 ............2,999,609 .......................... ..................173 ............................ .......................... ..........5.100 ..........5.107 FA...... .............63,750 ...........153,000 02/01/2006. 02/01/2011.<br />
010392 DZ 8 ALABAMA POWER CO SR NTS........................................................ ....... .. .........1 .1FE ..........27,635,883 ........98.964 ..........26,621,316 ..........26,900,000 ..........27,452,157 .......................... ............(49,007) ............................ .......................... ..........5.500 ..........5.205 AO...... ...........312,339 ........1,479,500 06/22/2005. 10/15/2017.<br />
01583* AF 0 ALGONQUIN GAS TRANMISSION CO S.......................................... ....... .. ........... ......2 ..........23,000,000 ......100.378 ..........23,086,940 ..........23,000,000 ..........23,000,000 .......................... .......................... ............................ .......................... ..........5.690 ..........5.690 MN..... ...........127,235 ........1,308,700 11/26/2002. 11/26/2012.<br />
017363 AE 2 ALLEGHENY ENERGY SUPPLY 144A B.......................................... ....... .. ........... .2FE ...............299,188 ........98.500 ...............320,125 ...............325,000 ...............312,943 .......................... ...............2,983 ............................ .......................... ..........8.250 ..........9.592 AO...... ...............5,660 .............26,813 05/05/2003. 04/15/2012.<br />
017364 AG 5 ALLEGHENY GENERATING CO DB.................................................. ....... .. .........1 .2FE ..........13,415,700 ........97.104 ..........14,565,600 ..........15,000,000 ..........13,792,071 .......................... .............42,910 ............................ .......................... ..........6.875 ..........7.805 MS..... ...........343,750 ........1,031,250 05/22/1995. 09/01/2023.<br />
01877K AB 9 ALLIANCE PIPELINE LP 144A NTS................................................... ....... .. ........... .2FE ..........14,973,216 ......114.344 ..........16,964,324 ..........14,836,217 ..........14,840,375 .......................... ..............(2,049) ............................ .......................... ..........6.996 ..........6.994 JD...... ...........559,325 ........1,075,352 06/15/2001. 12/31/2019.<br />
01877K AC 7 ALLIANCE PIPELINE LP 144A NTS................................................... ....... .. ........... .2FE ..........11,211,680 ......127.291 ..........14,002,010 ..........11,000,000 ..........11,173,613 .......................... ..............(7,931) ............................ .......................... ..........7.877 ..........7.680 JD...... ...........317,487 ...........827,085 07/14/2003. 12/31/2025.<br />
02078@ AA 9 ALPHAGEN POWER LLC SR SEC NTS............................................ ....... .. ........... ......2 ..........12,073,475 ......113.362 ..........13,686,733 ..........12,073,475 ..........12,073,475 .......................... .......................... ............................ .......................... ..........9.018 ..........9.018 JAJO.. ...........278,245 ........1,106,933 05/14/2002. 07/01/2024.<br />
02360F AA 4 AMEREN UN ELEC FMB.................................................................... ....... .. ........... .2FE ............7,695,642 ........79.353 ............6,388,710 ............8,051,000 ............7,716,800 .......................... .............21,158 ............................ .......................... ..........5.100 ..........5.619 AO...... ...........102,650 ...........410,601 01/11/2008. 10/01/2019.<br />
02360F AC 0 AMEREN UN ELEC SR SECD NT...................................................... ....... .. ........... .2FE ............3,948,400 ........86.647 ............3,465,880 ............4,000,000 ............3,958,499 .......................... ...............4,659 ............................ .......................... ..........5.400 ..........5.578 FA...... .............90,000 ...........216,000 09/28/2006. 02/01/2016.<br />
03040# AD 4 AMERICAN WATER CAP CORP SER C........................................... ....... .. ........... ......2 ..........24,200,000 ........84.420 ..........20,429,640 ..........24,200,000 ..........24,200,000 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 JD...... .............37,779 ........1,360,040 02/15/2007. 12/21/2018.<br />
03040# AF 9 AMERICAN WATER CAP CORP SER E............................................ ....... .. ........... ......2 ............3,200,000 ........83.720 ............2,679,040 ............3,200,000 ............3,200,000 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 MS..... .............45,959 ...........179,840 03/29/2007. 03/29/2019.<br />
03040# AH 5 AMERICAN WATER CAP CORP SER G........................................... ....... .. ........... ......2 ............3,000,000 ........96.703 ............2,901,090 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........6.250 ..........6.250 MN..... .............23,958 .............93,750 05/15/2008. 05/15/2018.<br />
03040# AA 0 AMERICAN WATER CAP CORP SR NT............................................ ....... .. ........... ......2 ............9,042,215 ......101.452 ............9,130,680 ............9,000,000 ............9,014,424 .......................... ............(11,843) ............................ .......................... ..........6.870 ..........6.731 MS..... ...........158,010 ...........618,300 09/25/2006. 03/29/2011.<br />
001814 AQ 5 ANR PIPELINE COMPANY DEBS..................................................... ....... .. ........... .1FE ............4,750,000 ......103.575 ............5,178,750 ............5,000,000 ............4,806,756 .......................... ...............6,517 ............................ .......................... ..........7.375 ..........7.815 FA...... ...........139,306 ...........368,750 08/18/1995. 02/15/2024.<br />
037411 AQ 8 APACHE CORP NT............................................................................. ....... .. ........... .1FE ...............994,120 ......104.726 ............1,047,260 ............1,000,000 ...............997,650 .......................... ..................623 ............................ .......................... ..........6.250 ..........6.330 AO...... .............13,194 .............62,500 04/08/2002. 04/15/2012.<br />
037735 BZ 9 APPALACHIAN POWER CO BONDS SER........................................ ....... .. .........1 .2FE ..........10,511,600 ........84.851 ............8,485,100 ..........10,000,000 ..........10,480,128 .......................... ..............(9,092) ............................ .......................... ..........5.950 ..........5.588 MN..... .............76,028 ...........595,000 02/17/2005. 05/15/2033.<br />
037735 CE 5 APPALACHIAN POWER CO SR NT.................................................. ....... .. ........... .2FE ............2,984,340 ........82.592 ............2,477,760 ............3,000,000 ............2,985,045 .......................... ..................228 ............................ .......................... ..........5.800 ..........5.837 AO...... .............43,500 ...........174,000 09/26/2005. 10/01/2035.<br />
037735 CD 7 APPALACHIAN POWER CO SR NTS................................................ ....... .. .........1 .2FE ............1,999,120 ........87.449 ............1,748,980 ............2,000,000 ............1,999,315 .......................... ....................64 ............................ .......................... ..........5.000 ..........5.005 JD...... ...............8,333 ...........100,000 06/02/2005. 06/01/2017.<br />
037735 CH 8 APPALACHIAN POWER CO SR UNSECD........................................ ....... .. ........... .2FE ............................. ........99.745 ............................. ............................. ............................. .......................... ...............3,645 ............................ .......................... ..........5.650 ................... FA...... .......................... .......................... 08/15/2007. 08/25/2012.<br />
Q0455# AJ 7 APT PIPELINE LTD SER E SR NT (................................................... ....... D ........... ......2 ..........25,710,943 ........71.320 ..........18,489,566 ..........25,924,797 ..........25,710,943 .......................... .......................... ............................ .......(6,888,244) ..........7.400 ..........7.400 MN..... ...........243,111 ........2,192,358 05/15/2007. 05/15/2019.
E10.20<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
AUD COST = 37,183,937.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
AUD PAR = 37,183,937................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
Q0455# AH 1 APT PIPELINES LIMITED SER D US................................................ ....... F ........... ......2 ..........32,000,000 ........79.327 ..........25,384,640 ..........32,000,000 ..........32,000,000 .......................... .......................... ............................ .......................... ..........5.990 ..........5.990 MN..... ...........244,924 ........1,916,800 05/15/2007. 05/15/2019.<br />
040555 CG 7 ARIZONA PUBLIC SERVICE CO NT................................................. ....... .. ........... .2FE ..........15,119,250 ........83.523 ..........12,528,450 ..........15,000,000 ..........15,083,730 .......................... ............(12,809) ............................ .......................... ..........5.800 ..........5.679 JD...... ...............2,417 ........1,305,000 10/18/2005. 06/30/2014.<br />
04626R AA 4 ASTORIA DEP CORP SER A PASS-TH............................................ ....... .. ........... .2FE ..........25,207,661 ........92.662 ..........23,499,454 ..........25,360,400 ..........25,259,021 .......................... .............23,526 ............................ .......................... ..........5.744 ..........5.865 MON.. ...........121,392 ........1,456,687 09/19/2006. 05/01/2016.<br />
04626R AB 2 ASTORIA DEP CORP SER B CTFS 14............................................. ....... .. ........... .3FE ..........18,680,420 ........79.476 ..........15,100,440 ..........19,000,000 ..........18,732,284 .......................... .............16,641 ............................ .......................... ..........8.144 ..........8.353 MON.. ...........128,947 ........1,547,360 07/19/2005. 05/01/2021.<br />
00209T AA 3 AT&T BROADBAND CORP NT.......................................................... ....... .. ........... .2FE ............4,189,470 ......103.452 ............4,685,341 ............4,529,000 ............4,350,781 .......................... .............33,030 ............................ .......................... ..........8.375 ..........9.535 MS..... ...........111,684 ...........379,304 11/18/2002. 03/15/2013.<br />
04775H AM 9 ATLANTA GAS LIGHT CO MTN......................................................... ....... .. ........... .1FE ............3,127,620 ......120.499 ............3,614,970 ............3,000,000 ............3,093,658 .......................... ..............(3,798) ............................ .......................... ..........8.550 ..........8.161 AO...... .............64,125 ...........256,500 06/10/1994. 04/15/2022.<br />
048303 AZ 4 ATLANTIC CITY ELEC 1ST MTG....................................................... ....... .. ........... .1FE ............4,830,350 ......103.277 ............5,163,850 ............5,000,000 ............4,938,275 .......................... .............11,080 ............................ .......................... ..........6.625 ..........6.944 FA...... ...........138,021 ...........331,250 01/06/1994. 08/01/2013.<br />
048303 CD 1 ATLANTIC CITY ELECTRIC CO FMB................................................ ....... .. ........... .1FE ............4,977,050 ......111.294 ............5,564,700 ............5,000,000 ............4,977,246 .......................... ..................196 ............................ .......................... ..........7.750 ..........7.817 MN..... .............50,590 .......................... 11/06/2008. 11/15/2018.<br />
049560 AA 3 ATMOS ENERGY CORP DEBS......................................................... ....... .. .........1 .2FE ..........11,029,060 ........81.937 ............9,832,440 ..........12,000,000 ..........11,152,669 .......................... .............17,870 ............................ .......................... ..........6.750 ..........7.433 JJ....... ...........373,500 ...........810,000 11/01/1999. 07/15/2028.<br />
049560 AE 5 ATMOS ENERGY CORP SR NT........................................................ ....... .. ........... .2FE ............8,973,690 ........97.939 ............8,814,510 ............9,000,000 ............8,995,457 .......................... ...............5,535 ............................ .......................... ..........4.000 ..........4.066 AO...... .............76,000 ...........360,000 10/18/2004. 10/15/2009.<br />
05257H AF 8 AUSTRALIAN GAS LIGHT CO NTS 14.............................................. ....... F .........1 .1FE ..........15,083,950 ......103.125 ..........15,468,750 ..........15,000,000 ..........15,054,585 .......................... ..............(6,667) ............................ .......................... ..........5.300 ..........5.235 MS..... ...........212,000 ...........795,000 01/07/2004. 09/25/2015.<br />
05379B AF 4 AVISTA CORP FMB............................................................................ ....... .. ........... .2FE ............1,990,911 ......100.303 ............2,006,060 ............2,000,000 ............1,995,054 .......................... ..................888 ............................ .......................... ..........6.125 ..........6.187 MS..... .............40,833 ...........122,500 09/03/2003. 09/01/2013.<br />
05379B AK 3 AVISTA CORP FMB............................................................................ ....... .. ........... .2FE ............3,974,640 ........87.835 ............3,513,400 ............4,000,000 ............3,975,635 .......................... ..................340 ............................ .......................... ..........6.250 ..........6.297 JD...... .............20,833 ...........250,000 11/14/2005. 12/01/2035.<br />
059165 EC 0 BALTIMORE GAS & ELEC CO SR NT............................................... ....... .. ........... .2FE ............9,987,000 ........82.298 ............8,229,800 ..........10,000,000 ............9,987,350 .......................... ..................164 ............................ .......................... ..........6.350 ..........6.360 AO...... ...........158,750 ...........635,000 10/11/2006. 10/01/2036.<br />
059165 DX 5 BALTIMORE GAS & ELEC NTS......................................................... ....... .. .........1 .2FE ..........13,878,500 ........70.656 ..........10,598,400 ..........15,000,000 ..........13,960,327 .......................... .............18,839 ............................ .......................... ..........5.200 ..........5.728 JD...... .............34,667 ...........780,000 07/13/2005. 06/15/2033.<br />
059172 AA 4 BALTIMORE GAS & ELECTRIC CO NT............................................ ....... .. ........... .2FE .................14,999 ........92.526 .................13,879 .................15,000 .................14,999 .......................... .......................... ............................ .......................... ..........6.125 ..........6.127 JJ....... ..................472 .......................... 06/23/2008. 07/01/2013.<br />
07261L BA 9 BAY STATE GAS CO MTN................................................................. ....... .. ........... .2FE ............5,411,900 ........73.980 ............3,699,000 ............5,000,000 ............5,364,630 .......................... ............(10,407) ............................ .......................... ..........6.260 ..........5.633 FA...... ...........130,417 ...........313,000 11/06/2003. 02/15/2028.<br />
075386 AC 6 BEAVER VALLEY II FUNDING CORP............................................... ....... .. .........2 .2FE ............6,442,469 ........93.749 ............5,938,999 ............6,335,000 ............6,384,419 .......................... ..............(3,950) ............................ .......................... ..........9.000 ..........8.805 JD...... .............47,513 ...........570,150 06/08/2000. 06/01/2017.<br />
096629 AA 8 BOARDWALK PIPELINES LLC NT.................................................... ....... .. ........... .2FE ............9,761,200 ........80.860 ............8,086,000 ..........10,000,000 ............9,801,437 .......................... .............18,764 ............................ .......................... ..........5.500 ..........5.810 FA...... ...........229,167 ...........550,000 10/05/2006. 02/01/2017.<br />
096630 AA 6 BOARDWALK PIPELINES LP GTD SR.............................................. ....... .. ........... .2FE ............8,979,930 ........83.639 ............7,527,510 ............9,000,000 ............8,983,256 .......................... ...............1,628 ............................ .......................... ..........5.875 ..........5.905 MN..... .............67,563 ...........528,750 11/16/2006. 11/15/2016.<br />
67021C AA 5 BOSTON EDISON CO DB.................................................................. ....... .. ........... .1FE ..........22,946,935 ......101.119 ..........23,004,573 ..........22,750,000 ..........22,839,409 .......................... ............(21,320) ............................ .......................... ..........4.875 ..........4.759 AO...... ...........234,135 ........1,109,063 07/30/2004. 10/15/2012.<br />
10075E AH 1 BOSTON GAS CO MTN...................................................................... ....... .. ........... .2FE ............5,351,882 ......104.015 ............5,200,750 ............5,000,000 ............5,255,598 .......................... ............(10,461) ............................ .......................... ..........8.330 ..........7.976 AO...... ...........104,125 ...........416,500 01/20/1993. 07/05/2022.<br />
10075E AN 8 BOSTON GAS CO MTN...................................................................... ....... .. ........... .2FE ............7,584,465 ......101.174 ............8,599,790 ............8,500,000 ............7,944,282 .......................... .............54,377 ............................ .......................... ..........6.930 ..........8.143 AO...... ...........147,263 ...........589,050 02/25/2000. 04/01/2016.<br />
10075E AT 5 BOSTON GAS CO MTN...................................................................... ....... .. ........... .2FE ............4,340,400 ........93.895 ............4,225,275 ............4,500,000 ............4,365,137 .......................... ...............3,644 ............................ .......................... ..........7.250 ..........7.563 AO...... .............81,563 ...........326,250 10/19/1999. 10/01/2025.<br />
10075E AU 2 BOSTON GAS CO MTN...................................................................... ....... .. ........... .2FE ............5,000,000 ........93.895 ............4,694,750 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.250 ..........7.250 AO...... .............90,625 ...........362,500 09/28/2001. 10/01/2025.<br />
10075E AL 2 BOSTON GAS CO MTN SER B.......................................................... ....... .. ........... .2FE ............5,000,000 ........99.497 ............4,974,850 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.930 ..........6.930 AO...... .............86,625 ...........346,500 01/18/1994. 01/15/2014.<br />
000000 00 0 BOSTON GENERATING LLC REVOLVER........................................ ....... .. .......23 .5FE ...............145,385 ........61.500 .................89,417 ...............145,394 ...............145,386 .......................... .......................... ............................ .......................... ..........5.073 ..........7.611 MON.. ...............1,854 ...............8,080 07/12/2007. 12/21/2013.<br />
000000 00 0 BOSTON GENERATING LLC TRNCH B............................................ ....... .. .......23 .5FE ............2,305,860 ........61.500 ............1,418,193 ............2,306,004 ............2,305,872 .......................... ......................5 ............................ .......................... ..........4.946 ..........7.611 MON.. .............28,671 ...........147,657 07/12/2007. 12/20/2013.<br />
000000 00 0 BOSTON GENERATING LLC TRNCH LC.......................................... ....... .. .......23 .5FE ...............519,267 ........61.500 ...............319,348 ...............519,265 ...............519,265 .......................... .....................(2) ............................ .......................... ..........2.571 ..........7.610 MON.. ...............3,356 .............30,672 07/21/2007. 12/21/2013.<br />
05577* AA 0 BPUS NEWFINANCE LLC SER 1 SR S............................................. ....... .. ........... .2FE ............5,000,000 ........95.514 ............4,775,700 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.680 ..........5.680 JD...... ...............9,467 ...........284,000 12/19/2007. 12/19/2012.<br />
11283# AD 3 BROOKFIELD POWER NEW YORK FIN........................................... ....... .. ........... .1FE ............9,000,000 ........96.477 ............8,682,930 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 JD...... .............16,860 ...........505,800 12/19/2007. 12/19/2017.<br />
11283# AA 9 BROOKFIELD POWER NY FIN SER 1.............................................. ....... .. ........... ......1 ............5,000,000 ........90.539 ............4,526,950 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.450 ..........5.450 JD...... .............11,354 ...........272,500 12/16/2005. 12/18/2017.<br />
11283# AB 7 BROOKFIELD POWER NY FIN SER 2.............................................. ....... .. ........... ......1 ............5,000,000 ........83.383 ............4,169,150 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.910 ..........5.910 JD...... .............12,313 ...........295,500 12/16/2005. 12/16/2025.<br />
G1418# AD 5 CARIBBEAN UTILITIES AMENDED &............................................... ....... F ........... .1FE ............1,780,896 ......104.133 ............1,476,189 ............1,417,600 ............1,440,474 .......................... ............(28,915) ............................ .......................... ..........8.470 ..........6.616 JD...... .............10,006 ...........120,071 12/01/1999. 06/01/2010.<br />
G1418# AC 7 CARIBBEAN UTILITIES CO LTD SR.................................................. ....... F ........... .1FE ............4,500,000 ......108.686 ............4,890,870 ............4,500,000 ............4,500,000 .......................... .......................... ............................ .......................... ..........7.640 ..........7.640 JD...... .............28,650 ...........343,800 12/07/1999. 06/01/2014.<br />
G1418# AG 8 CARIBBEAN UTILITIES CO LTD SR.................................................. ....... F ........... ......1 ..........13,347,180 ........99.356 ..........13,909,840 ..........14,000,000 ..........13,535,682 .......................... .............83,840 ............................ .......................... ..........5.090 ..........5.912 JD...... .............59,383 ...........712,600 08/08/2006. 06/01/2018.<br />
G1418# AH 6 CARIBBEAN UTILITIES CO LTD SR.................................................. ....... F ........... .1FE ..........10,101,900 ......101.187 ..........10,118,700 ..........10,000,000 ..........10,087,281 .......................... ..............(9,482) ............................ .......................... ..........5.960 ..........5.810 JD...... .............26,489 ...........595,972 05/01/2007. 12/15/2020.<br />
144141 CS 5 CAROLINA POWER & LIGHT CO NT................................................ ....... .. .........1 .1FE ..........12,495,000 ........98.468 ..........12,308,500 ..........12,500,000 ..........12,497,641 .......................... ..................575 ............................ .......................... ..........6.500 ..........6.506 JJ....... ...........374,653 ...........812,500 07/25/2002. 07/15/2012.<br />
144141 CV 8 CAROLINA POWER & LIGHT NTS.................................................... ....... .. .........1 .1FE ............2,992,230 ......101.536 ............3,046,080 ............3,000,000 ............2,992,704 .......................... ..................118 ............................ .......................... ..........5.700 ..........5.718 AO...... .............42,750 ...........171,000 03/17/2005. 04/01/2035.<br />
144141 CW 6 CAROLINA POWER & LIGHT NTS.................................................... ....... .. .........1 .1FE ..........18,378,108 ......100.256 ..........18,246,592 ..........18,200,000 ..........18,324,055 .......................... ............(16,684) ............................ .......................... ..........5.150 ..........5.022 AO...... ...........234,325 ...........937,300 06/21/2005. 04/01/2015.<br />
144141 CX 4 CAROLINA POWER & LIGHT NTS.................................................... ....... .. ........... .1FE ............6,976,060 ......101.448 ............7,101,360 ............7,000,000 ............6,982,096 .......................... ...............2,079 ............................ .......................... ..........5.250 ..........5.294 JD...... .............16,333 ...........367,500 11/28/2005. 12/15/2015.<br />
144141 CK 2 CAROLINA POWER & LIGHT SR SECD........................................... ....... .. .........1 .1FE ..........16,786,457 ......100.134 ..........16,772,445 ..........16,750,000 ..........16,751,200 .......................... ..............(6,973) ............................ .......................... ..........5.950 ..........5.908 MS..... ...........332,208 ...........996,625 08/27/2002. 03/01/2009.<br />
144195 AN 4 CAROLINA TEL TEL DEBS............................................................... ....... .. ........... .2FE ..........12,180,000 ........83.500 ..........10,020,000 ..........12,000,000 ..........12,064,026 .......................... ............(11,487) ............................ .......................... ..........6.750 ..........6.613 FA...... ...........306,000 ...........810,000 11/03/1993. 08/15/2013.<br />
14733X AC 6 CASCADE NAT GAS MTN................................................................. ....... .. ........... .2FE ............2,939,880 ......107.268 ............3,218,040 ............3,000,000 ............2,979,238 .......................... ...............4,515 ............................ .......................... ..........8.100 ..........8.319 AO...... .............60,750 ...........243,000 03/02/1995. 10/08/2012.<br />
14733X AF 9 CASCADE NATURAL GAS CORP MTN............................................ ....... .. ........... .2FE ............9,000,000 ......106.948 ............9,625,320 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........8.010 ..........8.010 AO...... ...........180,225 ...........720,900 01/05/1993. 02/12/2013.<br />
14733X AG 7 CASCADE NATURAL GAS CORP MTN............................................ ....... .. ........... .2FE ..........10,000,000 ......106.747 ..........10,674,700 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.950 ..........7.950 AO...... ...........198,750 ...........795,000 01/20/1993. 02/25/2013.<br />
15005M AD 6 CEDAR BRAKES I LLC SR SEC........................................................ ....... .. ........... .2FE ............7,363,202 ........95.084 ............7,001,227 ............7,363,202 ............7,363,202 .......................... .......................... ............................ .......................... ..........8.500 ..........8.500 FA...... ...........236,441 ...........625,872 09/20/2000. 02/15/2014.<br />
15189X AC 2 CENTERPOINT ENERGY HOUSTON ELE....................................... ....... .. ........... .2FE ............7,293,320 ........95.172 ............6,662,040 ............7,000,000 ............7,142,345 .......................... ............(29,999) ............................ .......................... ..........5.700 ..........5.152 MS..... ...........117,483 ...........399,000 06/25/2003. 03/15/2013.<br />
15189X AD 0 CENTERPOINT ENERGY HOUSTON ELE....................................... ....... .. ........... .2FE ............5,132,500 ........91.943 ............4,597,150 ............5,000,000 ............5,122,685 .......................... ..............(1,978) ............................ .......................... ..........6.950 ..........6.743 MS..... ...........102,319 ...........347,500 03/14/2003. 03/15/2033.<br />
15189X AG 3 CENTERPOINT ENERGY INC NTS................................................... ....... .. .........1 .2FE ..........21,183,520 ........94.588 ..........19,390,540 ..........20,500,000 ..........20,884,970 .......................... ............(65,291) ............................ .......................... ..........5.750 ..........5.319 JJ....... ...........543,535 ........1,178,750 11/02/2007. 01/15/2014.<br />
15189X AH 1 CENTERPOINT ENERGY INC SEC................................................... ....... .. .........1 .2FE ............4,801,450 ........82.714 ............4,135,700 ............5,000,000 ............4,833,437 .......................... ...............7,079 ............................ .......................... ..........5.600 ..........5.946 JJ....... ...........140,000 ...........280,000 12/15/2003. 07/01/2023.
E10.21<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
15189T AN 7 CENTERPOINT ENERGY INC SR NT............................................... ....... .. ........... .2FE ..........13,969,240 ........82.009 ..........11,481,260 ..........14,000,000 ..........13,973,787 .......................... ...............2,457 ............................ .......................... ..........5.950 ..........5.980 FA...... ...........347,083 ...........833,000 02/01/2007. 02/01/2017.<br />
15189Y AC 0 CENTERPOINT ENERGY RES CORP.............................................. ....... .. ........... .2FE ..........20,237,160 ........86.146 ..........17,229,200 ..........20,000,000 ..........20,216,845 .......................... ............(19,754) ............................ .......................... ..........6.150 ..........5.963 MN..... ...........205,000 ........1,230,000 02/21/2008. 05/01/2016.<br />
15189Y AE 6 CENTERPOINT ENERGY RES CORP MT........................................ ....... .. ........... .2FE ............7,977,555 ........82.660 ............6,612,800 ............8,000,000 ............7,978,593 .......................... ...............1,038 ............................ .......................... ..........6.000 ..........6.112 MN..... .............61,333 ...........240,000 05/12/2008. 05/15/2018.<br />
15189Y AD 8 CENTERPOINT ENERGY RES CORP SR........................................ ....... .. ........... .2FE ..........20,151,774 ........70.591 ..........14,259,382 ..........20,200,000 ..........20,152,889 .......................... ..................603 ............................ .......................... ..........6.250 ..........6.268 FA...... ...........526,042 ........1,262,500 02/01/2007. 02/01/2037.<br />
15189W AC 4 CENTERPOINTE ENERGY RES CORP S......................................... ....... .. ........... .2FE ............4,988,150 ........84.081 ............4,204,050 ............5,000,000 ............4,988,738 .......................... ..................588 ............................ .......................... ..........6.125 ..........6.158 MN..... .............51,042 ...........153,125 05/13/2008. 11/01/2017.<br />
15234Q AH 1 CENTRAIS ELETRICAS BRASILEIRAS............................................ ....... .. ........... .2FE ............3,475,067 ........97.000 ............3,399,850 ............3,505,000 ............3,481,977 .......................... ...............2,424 ............................ .......................... ..........7.750 ..........7.875 MN..... .............23,391 ...........271,638 11/21/2005. 11/30/2015.<br />
15361G AH 8 CENTRAL HUDSON GAS & ELECTRIC............................................ ....... .. ........... .1FE ..........10,000,000 ......104.318 ..........10,431,800 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.640 ..........6.640 JJ....... ...........332,000 ...........664,000 03/25/2002. 03/28/2012.<br />
15361G AJ 4 CENTRAL HUDSON GAS & ELECTRIC............................................ ....... .. ........... .1FE ..........24,000,000 ......100.212 ..........24,050,880 ..........24,000,000 ..........24,000,000 .......................... .......................... ............................ .......................... ..........4.330 ..........4.330 JJ....... ...........519,600 ........1,039,200 09/17/2003. 09/23/2010.<br />
153663 BM 0 CENTRAL ILL PUB SVC CO SR SECD............................................. ....... .. ........... .2FE ..........10,442,145 ........74.443 ............7,816,515 ..........10,500,000 ..........10,443,829 .......................... ..................696 ............................ .......................... ..........6.700 ..........6.743 JD...... .............31,267 ...........703,500 06/09/2006. 06/15/2036.<br />
153645 BA 3 CENTRAL ILLINOIS LT CO SR SECD............................................... ....... .. ........... .2FE ............8,453,165 ........75.223 ............6,393,955 ............8,500,000 ............8,454,529 .......................... ..................564 ............................ .......................... ..........6.700 ..........6.743 JD...... .............25,311 ...........569,500 06/09/2006. 06/15/2036.<br />
153663 BL 2 CENTRAL ILLINOIS PUBLIC SVC SR............................................... ....... .. .........1 .2FE ............5,676,350 ........95.837 ............4,791,850 ............5,000,000 ............5,240,910 .......................... ............(90,652) ............................ .......................... ..........6.625 ..........4.531 JD...... .............14,722 ...........331,250 09/17/2003. 06/15/2011.<br />
15405C CN 0 CENTRAL MAINE POWER MTN SER E............................................ ....... .. ........... .1FE ............7,500,000 ......100.571 ............7,542,825 ............7,500,000 ............7,500,000 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 MS..... ...........162,500 ...........487,500 05/17/2002. 05/22/2009.<br />
15405C CQ 3 CENTRAL MAINE POWER MTN SER E............................................ ....... .. ........... .1FE ............5,000,000 ........96.390 ............4,819,500 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.700 ..........5.700 MS..... .............95,000 ...........285,000 08/26/2002. 08/29/2012.<br />
165069 AS 4 CHESAPEAKE & POTOMAC TEL CO-MD........................................ ....... .. .........1 .1FE ..........10,655,910 ........89.924 ..........10,361,943 ..........11,523,000 ..........10,838,596 .......................... .............24,954 ............................ .......................... ..........7.150 ..........7.846 MN..... ...........137,316 ...........823,895 01/04/2000. 05/01/2023.<br />
171794 AE 0 CILCORP INC SR NT.......................................................................... ....... .. ........... .3FE ............8,023,089 ........92.000 ............6,118,000 ............6,650,000 ............6,842,631 .......................... ..........(232,956) ............................ .......................... ..........8.700 ..........4.924 AO...... ...........122,138 ...........578,550 04/15/2003. 10/15/2009.<br />
172070 BT 0 CINCINNATI GAS & ELEC CO DB..................................................... ....... .. ........... .2FE ............2,629,879 ......103.611 ............2,538,470 ............2,450,000 ............2,622,163 .......................... ..............(5,904) ............................ .......................... ..........6.900 ..........6.210 JD...... .............14,088 ...........169,050 08/30/2007. 06/01/2025.<br />
172070 CP 7 CINCINNATI GAS & ELEC CO SR NT............................................... ....... .. ........... .2FE ............1,745,840 ........87.310 ............1,746,200 ............2,000,000 ............1,749,579 .......................... ...............3,739 ............................ .......................... ..........5.400 ..........6.421 JD...... ...............4,800 ...........108,000 02/04/2008. 06/15/2033.<br />
185508 AC 2 CLECO POWER LLC NT.................................................................... ....... .. ........... .2FE ............9,797,560 ........99.176 ............9,669,660 ............9,750,000 ............9,773,603 .......................... ..............(4,741) ............................ .......................... ..........5.375 ..........5.311 MN..... .............87,344 ...........524,063 04/24/2003. 05/01/2013.<br />
186108 BU 9 CLEVELAND ELEC ILLUM CO GLBL B............................................. ....... .. ........... .2FE ............2,785,223 ......102.727 ............2,465,448 ............2,400,000 ............2,670,066 .......................... ............(22,368) ............................ .......................... ..........7.880 ..........6.205 MN..... .............31,520 ...........189,120 02/07/2003. 11/01/2017.<br />
186108 CD 6 CLEVELAND ELEC ILLUM CO SR NT............................................... ....... .. ........... .2FE ............6,978,280 ........90.377 ............6,326,390 ............7,000,000 ............6,982,045 .......................... ...............3,053 ............................ .......................... ..........5.650 ..........5.799 JD...... .............17,578 ...........395,500 09/28/2007. 12/15/2013.<br />
195869 AC 6 COLONIAL PIPELINE CO SR NTS.................................................... ....... .. .........1 .1FE ............9,920,500 ......101.647 ..........10,164,700 ..........10,000,000 ............9,980,548 .......................... ...............9,491 ............................ .......................... ..........7.750 ..........7.866 MN..... ...........129,167 ...........775,000 10/24/2000. 11/01/2010.<br />
199575 AV 3 COLUMBUS SOUTHERN POWER BDS............................................ ....... .. ........... .1FE ............2,966,220 ........83.176 ............2,495,280 ............3,000,000 ............2,967,650 .......................... ..................486 ............................ .......................... ..........5.850 ..........5.931 AO...... .............43,875 ...........175,500 10/11/2005. 10/01/2035.<br />
199575 AU 5 COLUMBUS SOUTHERN POWER CO SER..................................... ....... .. ........... .1FE ............2,494,750 ........97.133 ............2,428,325 ............2,500,000 ............2,498,400 .......................... ..................782 ............................ .......................... ..........4.400 ..........4.435 JD...... ...............9,167 ...........110,000 11/20/2003. 12/01/2010.<br />
199575 AT 8 COLUMBUS SOUTHERN PWR CO SER B....................................... ....... .. ........... .1FE ............1,044,320 ........93.304 ...............933,040 ............1,000,000 ............1,040,785 .......................... .................(708) ............................ .......................... ..........6.600 ..........6.269 MS..... .............22,000 .............66,000 03/27/2003. 03/01/2033.<br />
199575 AW 1 COLUMBUS SOUTHN PWR CO SER G S........................................ ....... .. ........... .1FE ..........14,235,110 ........96.880 ..........14,844,922 ..........15,323,000 ..........14,243,493 .......................... ...............8,382 ............................ .......................... ..........6.050 ..........7.066 MN..... ...........154,507 ...........189,196 11/14/2008. 05/01/2018.<br />
202795 HP 8 COMMONWEALTH EDISON CO FMB............................................... ....... .. ........... .2FE .................22,911 ........97.360 .................24,340 .................25,000 .................23,011 .......................... ..................100 ............................ .......................... ..........5.400 ..........8.494 JD...... ....................60 ..................675 10/24/2008. 12/15/2011.<br />
202795 HS 2 COMMONWEALTH EDISON CO FMB............................................... ....... .. ........... .2FE ............5,029,696 ........92.985 ............4,658,549 ............5,010,000 ............5,027,753 .......................... ..............(1,506) ............................ .......................... ..........6.150 ..........6.097 MS..... .............90,723 ...........312,394 10/30/2007. 09/15/2017.<br />
202795 HT 0 COMMONWEALTH EDISON CO FMB............................................... ....... .. ........... .2FE ..........14,954,700 ........89.401 ..........13,410,150 ..........15,000,000 ..........14,955,194 .......................... ..................494 ............................ .......................... ..........6.450 ..........6.473 JJ....... ...........446,125 ...........481,062 01/09/2008. 01/15/2038.<br />
202795 HJ 2 COMMONWEALTH EDISON CO SER 102........................................ ....... .. ........... .2FE ..........15,000,000 ........98.443 ..........14,766,450 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........4.740 ..........4.740 FA...... ...........268,600 ...........711,000 08/18/2003. 08/15/2010.<br />
202795 GX 2 COMMONWEALTH EDISON SR NTS............................................... ....... .. .........1 .2FE ..........11,596,959 ........94.678 ..........10,118,238 ..........10,687,000 ..........11,382,264 .......................... ............(52,577) ............................ .......................... ..........6.950 ..........6.042 JJ....... ...........342,489 ...........742,747 04/04/2006. 07/15/2018.<br />
202795 HE 3 COMMONWEALTH EDISON 1ST MTGE........................................... ....... .. .........1 .2FE ..........10,047,100 ........97.463 ............9,746,300 ..........10,000,000 ..........10,018,907 .......................... ..............(5,273) ............................ .......................... ..........6.150 ..........6.085 MS..... ...........181,083 ...........615,000 06/13/2002. 03/15/2012.<br />
207597 DX 0 CONN LT & PWR CO 1ST & REF MTG............................................. ....... .. ........... .1FE ............4,951,600 ........92.327 ............4,616,350 ............5,000,000 ............4,952,725 .......................... ..................654 ............................ .......................... ..........5.750 ..........5.819 MS..... .............95,833 ...........287,500 03/20/2007. 03/01/2037.<br />
207597 DT 9 CONNECTICUT LIGHT & POWER CO F........................................... ....... .. ........... .1FE ............3,976,160 ........96.870 ............3,874,800 ............4,000,000 ............3,983,691 .......................... ...............2,166 ............................ .......................... ..........5.000 ..........5.077 AO...... .............50,000 ...........200,000 04/04/2005. 04/01/2015.<br />
207597 DU 6 CONNECTICUT LIGHT & POWER 1ST............................................. ....... .. .........1 .1FE ...............999,580 ........90.940 ...............909,400 ............1,000,000 ...............999,599 .......................... ......................7 ............................ .......................... ..........5.625 ..........5.628 AO...... .............14,063 .............56,250 04/04/2005. 04/01/2035.<br />
207597 DW 2 CONNECTICUT LT & PWR CO SER A.............................................. ....... .. ........... .1FE ............1,004,100 ........97.896 ...............978,960 ............1,000,000 ............1,003,786 .......................... .................(314) ............................ .......................... ..........5.375 ..........5.317 MS..... .............17,917 .............53,750 02/13/2008. 03/01/2017.<br />
207597 ED 3 CONNECTICUT LT & PWR CO 2008 S.............................................. ....... .. ........... .1FE ..........17,454,903 ........99.633 ..........17,435,775 ..........17,500,000 ..........17,456,204 .......................... ...............1,301 ............................ .......................... ..........5.650 ..........5.691 MN..... ...........164,792 ...........422,965 06/25/2008. 05/01/2018.<br />
209111 CW 1 CONSOLIDATED EDISON INC DB................................................... ....... .. .........1 .1FE ............8,008,000 ......100.868 ............8,069,440 ............8,000,000 ............8,004,992 .......................... .................(380) ............................ .......................... ..........7.100 ..........7.092 FA...... ...........236,667 ...........568,000 01/29/1998. 02/01/2028.<br />
209111 EL 3 CONSOLIDATED EDISON CO NY INC.............................................. ....... .. ........... .1FE ............7,998,800 ........94.330 ............7,546,400 ............8,000,000 ............7,998,845 .......................... ....................17 ............................ .......................... ..........5.850 ..........5.851 MS..... ...........137,800 ...........468,000 03/06/2006. 03/15/2036.<br />
209111 EM 1 CONSOLIDATED EDISON CO NY INC.............................................. ....... .. ........... .1FE ............9,988,400 ........98.864 ............9,886,400 ..........10,000,000 ............9,988,770 .......................... ..................153 ............................ .......................... ..........6.200 ..........6.208 JD...... .............27,556 ...........620,000 06/13/2006. 06/15/2036.<br />
209111 EP 4 CONSOLIDATED EDISON CO NY INC.............................................. ....... .. ........... .1FE ...............997,160 ........97.788 ...............977,880 ............1,000,000 ...............997,634 .......................... ..................235 ............................ .......................... ..........5.300 ..........5.337 JD...... ...............4,417 .............53,000 11/28/2006. 12/01/2016.<br />
209111 ES 8 CONSOLIDATED EDISON CO NY INC.............................................. ....... .. ........... .1FE ..........14,594,103 ......100.163 ..........15,024,450 ..........15,000,000 ..........14,596,459 .......................... ...............2,248 ............................ .......................... ..........6.300 ..........6.525 FA...... ...........357,000 ...........618,625 07/23/2008. 08/15/2037.<br />
209111 ED 1 CONSOLIDATED EDISON CO NY NT............................................... ....... .. ........... .1FE ............7,563,760 ........85.274 ............6,821,920 ............8,000,000 ............7,597,944 .......................... ...............7,440 ............................ .......................... ..........5.100 ..........5.472 JD...... .............18,133 ...........408,000 11/19/2003. 06/15/2033.<br />
209111 EU 3 CONSOLIDATED EDISON CO NY 2008............................................ ....... .. ........... .1FE ............5,027,600 ......106.847 ............5,342,350 ............5,000,000 ............5,027,382 .......................... .................(218) ............................ .......................... ..........6.750 ..........6.707 AO...... .............84,375 ...........165,938 04/03/2008. 04/01/2038.<br />
209111 EV 1 CONSOLIDATED EDISON CO OF NY S........................................... ....... .. ........... .1FE ............1,081,230 ......107.527 ............1,075,270 ............1,000,000 ............1,081,130 .......................... .................(100) ............................ .......................... ..........7.125 ..........6.026 JD...... ...............5,344 .......................... 12/19/2008. 12/01/2018.<br />
209111 EF 6 CONSOLIDATED EDISON INC BDS.................................................. ....... .. .........1 .1FE ............9,973,100 ........92.636 ............9,263,600 ..........10,000,000 ............9,974,840 .......................... ..................443 ............................ .......................... ..........5.700 ..........5.719 FA...... ...........237,500 ...........570,000 02/09/2004. 02/01/2034.<br />
209111 EJ 8 CONSOLIDATED EDISON INC BDS.................................................. ....... .. ........... .1FE ............9,941,500 ........86.706 ............8,670,600 ..........10,000,000 ............9,944,760 .......................... ..................940 ............................ .......................... ..........5.250 ..........5.289 JJ....... ...........262,500 ...........525,000 06/20/2005. 07/01/2035.<br />
209111 EA 7 CONSOLIDATED EDISON INC NTS.................................................. ....... .. .........1 .1FE ............4,991,150 ........98.469 ............4,923,450 ............5,000,000 ............4,995,778 .......................... ..................912 ............................ .......................... ..........4.875 ..........4.897 FA...... ...........101,563 ...........243,750 12/12/2002. 02/01/2013.<br />
209111 EE 9 CONSOLIDATED EDISON INC NTS.................................................. ....... .. .........1 .1FE ............9,979,450 ........95.435 ............9,543,500 ..........10,000,000 ............9,987,431 .......................... ...............2,139 ............................ .......................... ..........4.700 ..........4.728 FA...... ...........195,833 ...........470,000 09/21/2005. 02/01/2014.<br />
209111 EK 5 CONSOLIDATED EDISON INC SR UNS........................................... ....... .. ........... .1FE ..........12,987,080 ........98.154 ..........12,760,020 ..........13,000,000 ..........12,990,383 .......................... ...............1,111 ............................ .......................... ..........5.375 ..........5.388 JD...... .............31,056 ...........698,750 02/14/2006. 12/15/2015.<br />
209615 CA 9 CONSOLIDATED NAT GAS SR NTS................................................. ....... .. .........1 .2FE ............4,984,300 ........91.817 ............4,590,850 ............5,000,000 ............4,989,891 .......................... ...............1,433 ............................ .......................... ..........5.000 ..........5.040 JD...... .............20,833 ...........250,000 11/15/2004. 12/01/2014.<br />
210371 AF 7 CONSTELLATION ENERGY GROUP INC......................................... ....... .. ........... .2FE ..........10,877,942 ........84.847 ............8,208,947 ............9,675,000 ..........10,825,518 .......................... ............(20,533) ............................ .......................... ..........7.600 ..........6.593 AO...... ...........183,825 ...........735,300 04/17/2006. 04/01/2032.<br />
210371 AH 3 CONSTELLATION ENERGY GRP INC M.......................................... ....... .. ........... .2FE ..........15,861,600 ........91.095 ..........12,753,300 ..........14,000,000 ..........14,829,506 .......................... ..........(229,359) ............................ .......................... ..........7.000 ..........5.002 AO...... ...........245,000 ...........980,000 08/06/2004. 04/01/2012.<br />
210371 AK 6 CONSTELLATION ENERGY GRP INC M.......................................... ....... .. ........... .2FE ..........16,543,390 ........75.944 ..........13,669,920 ..........18,000,000 ..........17,040,549 .......................... ...........120,424 ............................ .......................... ..........4.550 ..........5.542 JD...... .............36,400 ...........819,000 08/05/2004. 06/15/2015.
E10.22<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
210518 CP 9 CONSUMERS ENERGY CO FMB...................................................... ....... .. ........... .2FE ............5,413,347 ........85.716 ............4,885,812 ............5,700,000 ............5,417,931 .......................... ...............4,080 ............................ .......................... ..........5.800 ..........6.180 MS..... .............97,343 ...........330,600 11/08/2007. 09/15/2035.<br />
210518 BW 5 CONSUMERS ENERGY CO SER E FMB.......................................... ....... .. ........... .2FE ...............995,121 ........97.404 ...............974,040 ............1,000,000 ...............998,902 .......................... ..................761 ............................ .......................... ..........4.000 ..........4.083 MN..... ...............5,111 .............40,000 05/20/2003. 05/15/2010.<br />
210518 CE 4 CONSUMERS ENERGY CO SER M FMB......................................... ....... .. ........... .2FE ............5,068,380 ........96.090 ............4,804,500 ............5,000,000 ............5,062,724 .......................... ..............(5,656) ............................ .......................... ..........5.500 ..........5.298 FA...... ...........103,889 ...........137,500 02/13/2008. 08/15/2016.<br />
226829 AA 7 CROCKET COGENERATION SR SEC NT........................................ ....... .. ........... .2FE ..........19,792,885 ........79.611 ..........16,663,459 ..........20,931,102 ..........19,885,159 .......................... ...........100,039 ............................ .......................... ..........5.869 ..........6.690 MJSD. ...........264,698 ........1,057,658 01/03/2008. 03/30/2025.<br />
126304 AP 9 CSC HOLDINGS INC NTS.................................................................. ....... .. ........... .3FE ...............969,899 ........94.250 ...............871,813 ...............925,000 ...............942,613 .......................... ..............(7,045) ............................ .......................... ..........7.625 ..........6.697 AO...... .............17,633 .............70,531 07/22/2005. 04/01/2011.<br />
240019 BQ 1 DAYTON POWER & LIGHT 1ST MTG............................................... ....... .. .........1 .1FE ..........10,090,300 ......101.579 ..........10,157,900 ..........10,000,000 ..........10,050,158 .......................... ..............(9,135) ............................ .......................... ..........5.125 ..........5.006 AO...... ...........128,125 ...........512,500 01/30/2004. 10/01/2013.<br />
250847 DS 6 DETROIT EDISON CO FMB............................................................... ....... .. ........... .1FE ..........24,822,258 ......100.577 ..........23,876,980 ..........23,740,000 ..........24,016,975 .......................... ..........(148,349) ............................ .......................... ..........6.125 ..........5.414 AO...... ...........363,519 ........1,454,075 02/06/2004. 10/01/2010.<br />
250847 DV 9 DETROIT EDISON CO SER D FMB................................................... ....... .. ........... .1FE ..........16,991,670 ........96.731 ..........16,444,270 ..........17,000,000 ..........16,994,931 .......................... ..................758 ............................ .......................... ..........5.400 ..........5.406 FA...... ...........382,500 ...........918,000 07/08/2004. 08/01/2014.<br />
250847 ED 8 DETROIT EDISON CO SER G SR NT............................................... ....... .. ........... .1FE ............4,997,743 ........95.756 ............4,792,588 ............5,005,000 ............4,998,047 .......................... ..................304 ............................ .......................... ..........5.600 ..........5.619 JD...... .............12,457 ...........143,254 06/04/2008. 06/15/2018.<br />
250847 DX 5 DETROIT EDISON 1ST MTG............................................................. ....... .. 1 3...... .1FE ............4,993,200 ........93.205 ............4,660,250 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........4.800 ..........4.818 FA...... .............90,667 ...........240,000 06/21/2005. 02/15/2015.<br />
250847 G* 5 DETROIT EDISON 1ST MTG............................................................. ....... .. ........... ......1 ..........13,000,000 ........78.551 ..........10,211,630 ..........13,000,000 ..........13,000,000 .......................... .......................... ............................ .......................... ..........5.190 ..........5.190 AO...... ...........168,675 ...........674,700 09/29/2005. 10/01/2023.<br />
250847 DZ 0 DETROIT EDISON 1ST MTGE........................................................... ....... .. .........1 .1FE ............5,006,550 ........86.465 ............4,323,250 ............5,000,000 ............5,006,247 .......................... .................(107) ............................ .......................... ..........5.450 ..........5.441 FA...... ...........102,944 ...........272,500 02/03/2005. 02/15/2035.<br />
25746U AR 0 DOMINION RESOURCES INC BD..................................................... ....... .. ........... .2FE ..........28,068,430 ........92.228 ..........25,823,840 ..........28,000,000 ..........28,048,520 .......................... ..............(5,591) ............................ .......................... ..........5.200 ..........5.170 JJ....... ...........671,378 ........1,456,000 01/28/2005. 01/15/2016.<br />
257469 AG 1 DOMINION RESOURCES INC VA SER............................................. ....... .. ........... .2FE ............1,103,300 ........95.035 ...............950,350 ............1,000,000 ............1,097,129 .......................... ..............(1,791) ............................ .......................... ..........6.750 ..........5.981 JD...... ...............3,000 .............67,500 04/05/2005. 12/15/2032.<br />
25746U AW 9 DOMINION RESOURCES INC VA SR N............................................ ....... .. ........... .2FE ............6,892,072 ........92.911 ............6,443,378 ............6,935,000 ............6,896,487 .......................... ...............4,414 ............................ .......................... ..........5.150 ..........5.251 JJ....... ...........164,687 ...........178,576 01/28/2008. 07/15/2015.<br />
25746U BE 8 DOMINION RESOURCES INC VA SR N............................................ ....... .. ........... .2FE ..........10,047,600 ........97.920 ............9,792,000 ..........10,000,000 ..........10,045,729 .......................... ..............(1,871) ............................ .......................... ..........6.400 ..........6.335 JD...... .............28,444 ...........316,444 06/12/2008. 06/15/2018.<br />
25746U BB 4 DOMINION RESOURCES INC VA 2006............................................ ....... .. ........... .2FE ..........10,180,200 ........93.935 ............9,393,500 ..........10,000,000 ..........10,164,577 .......................... ............(15,623) ............................ .......................... ..........5.600 ..........5.340 MN..... .............71,556 ...........560,000 01/15/2008. 11/15/2016.<br />
233331 AG 2 DTE ENERGY COMPANY SR NTS SER........................................... ....... .. .........1 .2FE ............1,108,790 ........99.533 ...............995,330 ............1,000,000 ............1,006,241 .......................... ............(20,798) ............................ .......................... ..........6.650 ..........4.470 AO...... .............14,039 .............66,500 07/28/2003. 04/15/2009.<br />
26442C AB 0 DUKE ENERGY CAROLINAS LLC FMB............................................ ....... .. ........... .1FE ............5,035,700 ......108.945 ............5,447,250 ............5,000,000 ............5,035,305 .......................... .................(395) ............................ .......................... ..........6.000 ..........5.948 JJ....... ...........138,333 ...........154,167 02/11/2008. 01/15/2038.<br />
26442C AC 8 DUKE ENERGY CAROLINAS LLC FMB............................................ ....... .. ........... .1FE ............8,498,555 ......102.161 ............8,683,685 ............8,500,000 ............8,498,664 .......................... ..................109 ............................ .......................... ..........5.250 ..........5.252 JJ....... ...........205,771 ...........229,323 01/08/2008. 01/15/2018.<br />
26442C AF 1 DUKE ENERGY CAROLINAS LLC FMB............................................ ....... .. ........... .1FE .................45,550 ......103.423 .................46,540 .................45,000 .................45,547 .......................... .....................(2) ............................ .......................... ..........5.750 ..........5.459 MN..... ..................316 .......................... 12/18/2008. 11/15/2013.<br />
26442C AG 9 DUKE ENERGY CAROLINAS LLC FMB............................................ ....... .. ........... .1FE ............2,056,866 ......115.409 ............2,313,950 ............2,005,000 ............2,056,495 .......................... .................(370) ............................ .......................... ..........7.000 ..........6.641 MN..... .............17,154 .......................... 11/19/2008. 11/15/2018.<br />
264399 EF 9 DUKE ENERGY CORP BD................................................................. ....... .. ........... .1FE ............3,952,760 ......101.841 ............4,073,640 ............4,000,000 ............3,975,520 .......................... ...............5,420 ............................ .......................... ..........5.625 ..........5.800 MN..... .............19,375 ...........225,000 05/13/2004. 11/30/2012.<br />
264399 ED 4 DUKE ENERGY CORP BONDS......................................................... ....... .. .........1 .1FE ............4,430,000 ......105.819 ............4,232,760 ............4,000,000 ............4,401,943 .......................... ..............(7,851) ............................ .......................... ..........6.450 ..........5.676 AO...... .............54,467 ...........258,000 01/24/2005. 10/15/2032.<br />
264399 EM 4 DUKE ENERGY CORP FMB.............................................................. ....... .. ........... .1FE ............9,418,635 ......104.302 ............9,908,690 ............9,500,000 ............9,447,211 .......................... ...............6,105 ............................ .......................... ..........5.300 ..........5.397 AO...... ...........125,875 ...........503,500 03/11/2005. 10/01/2015.<br />
26439# AC 6 DUKE ENERGY CORP NTS............................................................... ....... .. ........... ......2 ............7,466,667 ......106.713 ............7,967,904 ............7,466,667 ............7,466,667 .......................... .......................... ............................ .......................... ..........6.900 ..........6.900 JD...... ...............1,431 ...........639,400 08/03/1998. 12/30/2016.<br />
264399 DK 9 DUKE ENERGY CORP SR NTS......................................................... ....... .. .........1 .1FE ..........14,012,280 ......104.917 ..........15,737,550 ..........15,000,000 ..........14,106,047 .......................... .............21,124 ............................ .......................... ..........6.000 ..........6.537 JD...... .............75,000 ...........900,000 09/20/2007. 12/01/2028.<br />
263901 AA 8 DUKE ENERGY IND INC FMB........................................................... ....... .. ........... .1FE ..........21,957,590 ......112.554 ..........24,761,880 ..........22,000,000 ..........21,957,766 .......................... ..................176 ............................ .......................... ..........6.350 ..........6.365 FA...... ...........504,472 .......................... 08/26/2008. 08/15/2038.<br />
26816L AT 9 DYNERGY HOLDINGS INC SR NT.................................................... ....... .. ........... .4FE ............3,938,299 ........71.000 ............2,911,000 ............4,100,000 ............3,955,861 .......................... .............13,214 ............................ .......................... ..........8.375 ..........8.613 MN..... .............57,229 ...........343,375 08/21/2007. 05/01/2016.<br />
281023 BA 8 EDISON MISSION ENERGY TRNCH C............................................. ....... .. ........... .3FE ............5,000,000 ........77.500 ............3,875,000 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.625 ..........7.625 MN..... .............48,715 ...........381,250 05/01/2007. 05/15/2027.<br />
28336L AZ 2 EL PASO CORP SR DEB................................................................... ....... .. ........... .3FE ............5,378,760 ........84.911 ............3,820,995 ............4,500,000 ............4,785,754 .......................... ............(71,963) ............................ .......................... ..........9.625 ..........7.458 MN..... .............55,344 ...........433,125 01/28/1997. 05/15/2012.<br />
835415 AJ 9 EL PASO ENERGY CORP SR NTS................................................... ....... .. ........... .3FE ............3,957,960 ........91.174 ............3,646,960 ............4,000,000 ............3,987,677 .......................... ...............4,231 ............................ .......................... ..........7.625 ..........7.761 JJ....... ...........140,639 ...........305,000 07/07/1999. 07/15/2011.<br />
283695 AZ 7 EL PASO NATURAL GAS CO DEBS................................................. ....... .. ........... .2FE ............9,932,500 ........90.103 ............9,010,300 ..........10,000,000 ............9,950,945 .......................... ...............1,968 ............................ .......................... ..........8.625 ..........8.689 JJ....... ...........397,708 ...........862,500 05/01/1998. 01/15/2022.<br />
291011 AN 4 EMERSON ELECTRIC CO NT........................................................... LS... .. ........... .1FE ..........17,081,104 ......103.921 ..........17,687,354 ..........17,020,000 ..........17,045,472 .......................... ..............(8,710) ............................ .......................... ..........5.750 ..........5.690 MN..... ...........163,108 ...........978,650 10/17/2002. 11/01/2011.<br />
29164# AA 5 EMPIRE DISTRICT GAS CO FIRST M.............................................. ....... .. ........... ......2 ..........47,000,000 ........83.794 ..........39,383,180 ..........47,000,000 ..........47,000,000 .......................... .......................... ............................ .......................... ..........6.820 ..........6.820 JD...... ...........267,117 ........3,205,400 06/01/2006. 06/01/2036.<br />
29245S AC 6 EMPRESA NACIONAL DE ELECTRICID........................................... ....... .. ........... .2FE ..........11,356,700 ......105.605 ..........10,560,500 ..........10,000,000 ..........10,888,031 .......................... ..........(163,221) ............................ .......................... ..........8.350 ..........6.099 FA...... ...........347,917 ...........835,000 12/07/2005. 08/01/2013.<br />
29250R AE 6 ENBRIDGE ENERGY PARTNERS LP NT......................................... LS... .. ........... .2FE ...............999,450 ........99.933 ...............999,330 ............1,000,000 ...............999,995 .......................... ..................117 ............................ .......................... ..........4.000 ..........4.012 JJ....... .............18,444 .............40,000 01/06/2004. 01/15/2009.<br />
29250N AB 1 ENBRIDGE INC SR NT....................................................................... ....... .. ........... .2FE ............4,732,221 ........84.903 ............4,245,150 ............5,000,000 ............4,764,014 .......................... .............21,188 ............................ .......................... ..........5.600 ..........6.178 AO...... .............70,000 ...........280,000 06/18/2007. 04/01/2017.<br />
29250N AC 9 ENBRIDGE INC SR NT....................................................................... ....... .. ........... .2FE ............6,892,130 ........87.710 ............6,139,700 ............7,000,000 ............6,911,829 .......................... .............13,258 ............................ .......................... ..........5.800 ..........6.068 JD...... .............18,044 ...........406,000 06/22/2007. 06/15/2014.<br />
N2962# AA 1 ENECO HOLDING NV SER A SR NT................................................. ....... D ........... ......1 ..........26,874,876 ........95.150 ..........25,130,319 ..........26,411,265 ..........26,874,876 .......................... .......................... ............................ .......(1,063,835) ..........4.620 ..........4.620 MS..... ...........320,752 ........1,322,184 02/20/2007. 03/28/2014.<br />
EUR COST = 19,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 19,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
N2962# AB 9 ENECO HOLDING NV SER B SR NT................................................. ....... D ........... ......1 ..........26,874,876 ........90.870 ..........23,999,917 ..........26,411,265 ..........26,874,876 .......................... .......................... ............................ .......(1,063,835) ..........4.720 ..........4.720 MS..... ...........327,694 ........1,353,867 03/28/2007. 03/28/2017.<br />
EUR COST = 19,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 19,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
N2962# AD 5 ENECO HOLDING NV SER D SR NT................................................ ....... D ........... ......1 ..........21,217,008 ........84.910 ..........17,704,583 ..........20,850,999 ..........21,217,008 .......................... .....................(1) ............................ ..........(839,870) ..........4.905 ..........4.905 MS..... ...........268,846 ........1,110,736 04/30/2007. 03/28/2022.<br />
EUR COST = 15,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 15,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
29268B AC 5 ENEL FIN INTL SA 144A GTD NT...................................................... ....... .. ........... .1FE ............4,986,750 ........76.780 ............3,839,000 ............5,000,000 ............4,986,933 .......................... ..................145 ............................ .......................... ..........6.800 ..........6.821 MS..... ...........100,111 ...........335,278 09/14/2007. 09/15/2037.<br />
29268B AB 7 ENEL FINL INTL SA 144A GTD NT.................................................... ....... .. ........... .1FE ............6,986,770 ........84.446 ............5,911,220 ............7,000,000 ............6,988,045 .......................... ...............1,005 ............................ .......................... ..........6.250 ..........6.151 MS..... ...........128,819 ...........431,424 09/14/2007. 09/15/2017.<br />
29266M AF 6 ENERGY EAST CORP NT.................................................................. ....... .. ........... .2FE ............8,920,260 ........82.058 ............7,385,220 ............9,000,000 ............8,922,446 .......................... ..................942 ............................ .......................... ..........6.750 ..........6.820 JJ....... ...........280,125 ...........607,500 07/18/2006. 07/15/2036.<br />
29274F AB 0 ENERSIS SA NT................................................................................. ....... .. ........... .2FE ............4,973,600 ......100.582 ............5,029,100 ............5,000,000 ............4,984,956 .......................... ...............1,352 ............................ .......................... ..........7.400 ..........7.451 JD...... .............30,833 ...........370,000 11/21/1996. 12/01/2016.<br />
293489 AA 8 ENOGEX INC SR 144A NT................................................................. ....... .. ........... .2FE ..........19,838,626 ......104.228 ..........20,116,004 ..........19,300,000 ..........19,402,761 .......................... ............(93,941) ............................ .......................... ..........8.125 ..........7.580 JJ....... ...........723,080 ........1,568,125 06/26/2003. 01/15/2010.
E10.23<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
29364D AE 0 ENTERGY ARK INC FMB................................................................... ....... .. ........... .2FE ............2,016,391 ........85.764 ............1,715,280 ............2,000,000 ............2,000,010 .......................... ..............(1,278) ............................ .......................... ..........5.400 ..........5.319 MN..... .............18,000 ...........108,000 05/01/2003. 05/01/2018.<br />
29364G AA 1 ENTERGY CORP 144A NT................................................................. ....... .. ........... ......2 ..........23,000,000 ........93.216 ..........21,439,680 ..........23,000,000 ..........23,000,000 .......................... .......................... ............................ .......................... ..........7.750 ..........7.750 JD...... .............79,222 ........1,782,500 12/16/2002. 12/15/2009.<br />
29364G AB 9 ENTERGY CORP 144A SR NT........................................................... ....... .. ........... ......2 ..........18,000,000 ........93.250 ..........16,785,000 ..........18,000,000 ..........18,000,000 .......................... .......................... ............................ .......................... ..........6.580 ..........6.580 MN..... ...........151,340 ........1,184,400 05/02/2003. 05/15/2010.<br />
29364L AN 2 ENTERGY GULF STS UTILITY 1ST M.............................................. ....... .. ........... .2FE ............4,575,732 ........85.337 ............4,010,839 ............4,700,000 ............4,620,315 .......................... ...............9,774 ............................ .......................... ..........5.250 ..........5.562 FA...... ...........102,813 ...........246,750 12/15/2003. 08/01/2015.<br />
29364N AK 4 ENTERGY MISSISSIPPI INC 1ST MT............................................... ....... .. ........... .2FE ..........20,623,600 ........81.494 ..........17,113,740 ..........21,000,000 ..........20,724,392 .......................... .............21,856 ............................ .......................... ..........4.950 ..........5.126 JD...... .............86,625 ........1,039,500 12/15/2003. 06/01/2018.<br />
30161N AC 5 EXELON CORP BD............................................................................. ....... .. ........... .2FE ............4,987,000 ........63.126 ............3,156,300 ............5,000,000 ............4,987,706 .......................... ..................212 ............................ .......................... ..........5.625 ..........5.643 JD...... .............12,500 ...........281,250 06/06/2005. 06/15/2035.<br />
30161M AB 9 EXELON GENERATION CO LLC SR NT........................................... ....... .. ........... .2FE ..........16,808,625 ........97.070 ..........16,016,550 ..........16,500,000 ..........16,596,049 .......................... ............(34,917) ............................ .......................... ..........6.950 ..........6.688 JD...... .............50,967 ........1,146,750 10/15/2001. 06/15/2011.<br />
30161M AD 5 EXELON GENERATION CO LLC SR NT........................................... ....... .. ........... .2FE ............7,085,490 ........91.339 ............6,393,730 ............7,000,000 ............7,049,047 .......................... ..............(8,416) ............................ .......................... ..........5.350 ..........5.189 JJ....... ...........172,686 ...........374,500 03/22/2004. 01/15/2014.<br />
340711 AP 5 FLORIDA GAS TRANSMISSION NTS 1............................................ ....... .. .........1 .2FE ............2,265,420 ........96.347 ............1,926,940 ............2,000,000 ............2,124,337 .......................... ............(31,247) ............................ .......................... ..........7.000 ..........5.063 FA...... .............58,333 ...........140,000 01/06/2004. 07/17/2012.<br />
340711 AM 2 FLORIDA GAS TRANSMISSION SR NT............................................ ....... .. ........... .2FE ............9,898,670 ........98.977 ............8,907,930 ............9,000,000 ............9,271,045 .......................... ..........(132,286) ............................ .......................... ..........7.625 ..........5.926 JD...... .............57,188 ...........686,250 09/30/2003. 12/01/2010.<br />
340711 AG 5 FLORIDA GAS TRANSMISSION 144A.............................................. ....... .. ........... .2FE ............4,000,000 ......132.358 ............5,294,320 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........9.190 ..........9.190 MN..... .............61,267 ...........367,600 11/07/1994. 11/01/2024.<br />
341081 EV 5 FLORIDA POWER & LIGHT CO FMB................................................ ....... .. ........... .1FE ............6,950,160 ......106.801 ............7,476,070 ............7,000,000 ............6,952,064 .......................... ..................681 ............................ .......................... ..........5.650 ..........5.699 FA...... ...........164,792 ...........395,500 01/11/2006. 02/01/2037.<br />
341081 FA 0 FLORIDA POWER & LIGHT CO FMB................................................ ....... .. ........... .1FE ............7,956,480 ......111.385 ............8,910,800 ............8,000,000 ............7,956,997 .......................... ..................517 ............................ .......................... ..........5.950 ..........5.989 FA...... ...........198,333 ...........257,833 01/10/2008. 02/01/2038.<br />
341081 EN 3 FLORIDA POWER & LIGHT 1ST MTG............................................... ....... .. .........1 .1FE ............5,000,000 ........99.280 ............4,964,000 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........4.850 ..........4.850 FA...... ...........101,042 ...........242,500 12/10/2002. 02/01/2013.<br />
341081 EP 8 FLORIDA POWER & LIGHT 1ST MTG............................................... ....... .. .........1 .1FE ............1,949,560 ......109.051 ............2,181,020 ............2,000,000 ............1,953,588 .......................... ..................841 ............................ .......................... ..........5.850 ..........6.034 FA...... .............48,750 ...........117,000 08/04/2003. 02/01/2033.<br />
341081 ER 4 FLORIDA POWER & LIGHT 1ST MTG............................................... ....... .. .........1 .1FE ..........30,826,375 ......110.556 ..........33,332,634 ..........30,150,000 ..........30,775,236 .......................... ............(11,359) ............................ .......................... ..........5.950 ..........5.791 AO...... ...........448,481 ........1,793,925 11/21/2003. 10/01/2033.<br />
341099 BZ 1 FLORIDA POWER CORP FMB.......................................................... ....... .. ........... .1FE ............8,269,502 ......104.962 ............8,344,479 ............7,950,000 ............8,054,682 .......................... ............(37,039) ............................ .......................... ..........6.650 ..........6.082 JJ....... ...........243,778 ...........528,675 01/31/2002. 07/15/2011.<br />
341099 CC 1 FLORIDA POWER CORP FMB.......................................................... ....... .. ........... .1FE ............8,151,600 ........99.079 ............7,926,320 ............8,000,000 ............8,126,194 .......................... ............(25,406) ............................ .......................... ..........4.800 ..........4.381 MS..... ...........128,000 ...........384,000 01/16/2008. 03/01/2013.<br />
341099 CG 2 FLORIDA POWER CORP FMB.......................................................... ....... .. ........... .1FE ............1,994,620 ......104.500 ............2,090,000 ............2,000,000 ............1,995,151 .......................... ..................417 ............................ .......................... ..........5.800 ..........5.836 MS..... .............34,156 ...........115,033 09/13/2007. 09/15/2017.<br />
341099 CL 1 FLORIDA POWER CORP FMB.......................................................... ....... .. ........... .1FE ..........12,063,520 ......111.674 ..........13,400,880 ..........12,000,000 ..........12,063,130 .......................... .................(390) ............................ .......................... ..........6.400 ..........6.360 JD...... .............34,133 ...........377,600 06/19/2008. 06/15/2038.<br />
34110Q AL 2 FLORIDA POWER CORP NTS........................................................... ....... .. ........... .1FE ............3,395,400 ......105.669 ............3,170,070 ............3,000,000 ............3,347,740 .......................... ..............(9,834) ............................ .......................... ..........6.750 ..........5.742 FA...... .............84,375 ...........202,500 07/01/2003. 02/01/2028.<br />
302567 AA 0 FPL ENERGY AMERICAN WIND LLC S............................................ ....... .. ........... .2FE ..........10,000,373 ........85.910 ............8,473,217 ............9,862,900 ............9,933,310 .......................... ............(11,131) ............................ .......................... ..........6.639 ..........6.482 J......... ...........347,407 ...........654,798 11/19/2003. 06/20/2023.<br />
30257G AA 9 FPL ENERGY NATL WIND LLC SR SE............................................. ....... .. ........... .2FE ............7,308,884 ........79.288 ............5,767,328 ............7,273,898 ............7,295,985 .......................... ..............(2,127) ............................ .......................... ..........5.608 ..........5.556 MS..... ...........125,775 ...........407,920 05/17/2005. 03/10/2024.<br />
30257F AA 1 FPL ENERGY NATL WIND 144A NT.................................................. ....... .. ........... .3FE ............1,511,520 ........86.872 ............1,313,088 ............1,511,520 ............1,511,520 .......................... .......................... ............................ .......................... ..........6.125 ..........6.125 MS..... .............24,688 .............92,581 02/16/2005. 03/25/2019.<br />
302569 AA 6 FPL ENERGY VA FDG SR SEC NT 14.............................................. ....... .. ........... .2FE ............6,842,866 ........96.356 ............6,547,224 ............6,794,828 ............6,810,329 .......................... ..............(2,311) ............................ .......................... ..........7.520 ..........7.483 JD...... ...........265,430 ...........524,066 07/24/2001. 06/30/2019.<br />
36720# AD 1 GAS TRANSMISSION NORTHWEST SR.......................................... ....... .. ........... ......1 ..........12,000,000 ........80.385 ............9,646,200 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........5.690 ..........5.690 JD...... .............56,900 ...........682,800 06/01/2005. 06/01/2035.<br />
361561 AA 1 GC1C FUNDING CORP SLOB 144A.................................................. ....... .. ........... .2FE ..........11,580,983 ........94.958 ..........10,981,002 ..........11,564,062 ..........11,564,134 .......................... ..............(1,112) ............................ .......................... ..........5.129 ..........5.118 JJ....... ...........273,495 ...........593,121 04/22/2004. 01/15/2014.<br />
373334 GA 3 GEORGIA POWER CO BDS.............................................................. ....... .. ........... .1FE ............9,978,200 ........98.570 ............9,857,000 ..........10,000,000 ............9,983,697 .......................... ...............1,894 ............................ .......................... ..........5.250 ..........5.278 JD...... .............23,333 ...........525,000 11/30/2005. 12/15/2015.<br />
373334 FZ 9 GEORGIA POWER CO SER Y SR NT............................................... ....... .. .........1 .1FE ............6,965,560 ........94.378 ............6,606,460 ............7,000,000 ............6,967,330 .......................... ..................516 ............................ .......................... ..........5.800 ..........5.835 AO...... .............85,711 ...........406,000 04/12/2005. 04/15/2035.<br />
373334 FN 6 GEORGIA POWER CO SR NT........................................................... ....... .. ........... .1FE ..........11,606,109 ......100.786 ..........11,691,176 ..........11,600,000 ..........11,602,787 .......................... .................(638) ............................ .......................... ..........5.125 ..........5.118 MN..... .............75,964 ...........594,500 12/03/2002. 11/15/2012.<br />
373334 FT 3 GEORGIA POWER CO SR NTS........................................................ ....... .. ........... .1FE ............5,011,650 ........99.798 ............4,989,900 ............5,000,000 ............5,006,245 .......................... ..............(1,154) ............................ .......................... ..........4.900 ..........4.870 MS..... .............72,139 ...........245,000 09/24/2003. 09/15/2013.<br />
376085 AA 4 GILROY ENERGY CTR LLC 144A SR............................................... ....... .. ........... .2FE ............2,192,634 ........98.308 ............2,080,398 ............2,116,204 ............2,125,370 .......................... ..............(7,401) ............................ .......................... ..........4.000 ..........3.671 FA...... .............31,978 .............84,648 09/28/2004. 08/15/2011.<br />
39063@ AD 2 GREAT LAKES GAS TRANS L P....................................................... ....... .. ........... ......2 ............8,388,020 ......100.229 ............7,118,264 ............7,102,000 ............7,849,808 .......................... ............(66,413) ............................ .......................... ..........9.090 ..........7.331 AO...... ...........109,389 ...........645,572 01/01/1998. 10/30/2021.<br />
39063@ AF 7 GREAT LAKES GAS TRANS LP SER A............................................ ....... .. ........... ......2 ..........26,949,944 ........84.150 ..........23,562,000 ..........28,000,000 ..........27,401,711 .......................... .............43,465 ............................ .......................... ..........6.730 ..........7.106 MS..... ...........502,507 ........1,884,400 03/08/2000. 03/25/2018.<br />
39063@ AC 4 GREAT LAKES GAS TRANS LTD PART........................................... ....... .. ........... ......2 ............5,700,000 ......102.174 ............5,823,918 ............5,700,000 ............5,700,000 .......................... .......................... ............................ .......................... ..........8.740 ..........8.740 AO...... .............84,414 ...........498,566 10/30/1991. 10/30/2011.<br />
362337 AJ 6 GTE NORTH INC SR NTS.................................................................. ....... .. ........... .1FE ............1,000,000 ......100.533 ............1,005,330 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........6.375 ..........6.375 FA...... .............24,083 .............63,750 02/19/1998. 02/15/2010.<br />
362338 AQ 8 GTE SOUTHWEST 1ST MTG............................................................ ....... .. ........... .1FE ............5,075,450 ........96.696 ............4,834,800 ............5,000,000 ............5,066,750 .......................... .................(951) ............................ .......................... ..........8.500 ..........8.368 MN..... .............54,306 ...........425,000 05/20/1992. 11/15/2031.<br />
402479 BT 5 GULF POWER CO NTS...................................................................... ....... .. ........... .1FE ............4,989,600 ........97.210 ............4,860,500 ............5,000,000 ............4,994,689 .......................... ...............1,036 ............................ .......................... ..........4.350 ..........4.376 JJ....... ...........100,292 ...........217,500 07/14/2003. 07/15/2013.<br />
402479 BW 8 GULF POWER CO SER L SR NT....................................................... ....... .. .........1 .1FE ............9,955,600 ........92.411 ............9,241,100 ..........10,000,000 ............9,957,686 .......................... ..................667 ............................ .......................... ..........5.650 ..........5.681 MS..... ...........188,333 ...........565,000 08/11/2005. 09/01/2035.<br />
402740 AA 2 GULFSTREAM NAT GAS SYS LLC SR............................................. ....... .. ........... .2FE ..........23,249,171 ........83.860 ..........19,535,187 ..........23,295,000 ..........23,258,159 .......................... ...............4,202 ............................ .......................... ..........5.560 ..........5.587 MN..... ...........215,867 ........1,295,202 08/03/2006. 11/01/2015.<br />
402740 AB 0 GULFSTREAM NAT GAS SYS LLC SR............................................. ....... .. ........... .2FE ..........16,888,290 ........74.563 ..........12,675,710 ..........17,000,000 ..........16,893,079 .......................... ...............3,466 ............................ .......................... ..........6.190 ..........6.250 MN..... ...........175,383 ........1,052,300 09/18/2007. 11/01/2025.<br />
413875 AF 2 HARRIS CORP BONDS...................................................................... ....... .. ........... .2FE ............1,064,560 ........86.166 ...............861,660 ............1,000,000 ............1,056,670 .......................... ..............(1,583) ............................ .......................... ..........6.350 ..........5.853 FA...... .............26,458 .............63,500 03/21/2003. 02/01/2028.<br />
413875 AJ 4 HARRIS CORP SR UNSEC NT.......................................................... ....... .. ........... .2FE ..........13,839,265 ........83.094 ..........12,048,630 ..........14,500,000 ..........14,007,505 .......................... .............58,511 ............................ .......................... ..........5.000 ..........5.612 AO...... ...........181,250 ...........725,000 02/02/2006. 10/01/2015.<br />
41987Q BD 4 HAWAIIAN ELEC INDS INC MTN....................................................... ....... .. ........... .2FE ..........10,000,000 ......102.841 ..........10,284,100 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.141 ..........6.141 FA...... ...........231,993 ...........614,100 08/03/2006. 08/15/2011.<br />
41987Q AX 1 HAWAIIAN ELECTRIC INDS INC SER............................................... ....... .. ........... .2FE ............5,391,620 ......103.728 ............5,186,400 ............5,000,000 ............5,218,621 .......................... ............(34,242) ............................ .......................... ..........6.510 ..........5.554 AO...... .............73,238 ...........325,500 02/19/2003. 05/05/2014.<br />
41987Q BB 8 HAWAIIAN ELECTRIC INDS INC SER............................................... ....... .. ........... .2FE ..........12,000,000 ........97.891 ..........11,746,920 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........5.250 ..........5.250 MS..... ...........199,500 ...........630,000 03/04/2003. 03/07/2013.<br />
41987Q BC 6 HAWAIIAN ELECTRIC INDS MTN..................................................... ....... .. ........... .2FE ..........20,000,000 ........98.499 ..........19,699,800 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........4.230 ..........4.230 MS..... ...........249,100 ...........846,000 03/12/2004. 03/15/2011.<br />
437410 AB 9 HOMER CITY FDG LLC SR SECD BD............................................... ....... .. ........... .3FE ..........13,371,600 ........92.000 ..........12,397,000 ..........13,475,000 ..........13,379,209 .......................... ...............5,173 ............................ .......................... ..........8.734 ..........8.828 AO...... ...........294,227 ........1,176,907 06/11/2003. 10/01/2026.<br />
437410 AA 1 HOMER CITY FUNDING LLC SR SECD............................................ ....... .. ........... .3FE ............9,480,000 ........94.500 ............8,958,600 ............9,480,000 ............9,480,000 .......................... .......................... ............................ .......................... ..........8.137 ..........8.137 AO...... ...........192,847 ...........771,388 12/12/2001. 10/01/2019.<br />
442164 BL 2 HOUSTON LTG & PWR CO FMB....................................................... ....... .. ........... .2FE ............4,085,107 ......106.816 ............3,952,192 ............3,700,000 ............3,984,840 .......................... ............(13,378) ............................ .......................... ..........9.150 ..........8.138 MS..... .............99,684 ...........338,550 01/30/2003. 03/15/2021.<br />
448814 EJ 8 HYDRO QUEBEC DB......................................................................... ....... .. ........... .1FE ..........24,775,399 ......146.647 ..........32,577,631 ..........22,215,000 ..........24,167,714 .......................... ............(68,387) ............................ .......................... ..........8.050 ..........7.102 JJ....... ...........864,349 ........1,788,308 01/16/1996. 07/07/2024.<br />
448814 DF 7 HYDRO QUEBEC SER HK DB........................................................... ....... .. ........... .1FE ..........10,334,742 ......174.664 ..........13,187,132 ............7,550,000 ..........10,029,549 .......................... ............(52,882) ............................ .......................... ..........9.375 ..........6.486 AO...... ...........149,427 ...........707,813 01/24/2002. 04/15/2030.<br />
448814 ED 1 HYDRO-QUEBEC DB......................................................................... ....... .. ........... .1FE ..........22,371,316 ......117.770 ..........25,685,637 ..........21,810,000 ..........22,044,456 .......................... ............(47,352) ............................ .......................... ..........8.000 ..........7.812 FA...... ...........727,000 ........1,744,800 08/29/1995. 02/01/2013.<br />
44881H ES 9 HYDRO-QUEBEC STEP UP MTN...................................................... ....... .. .........3 .1FE ............4,000,000 ......105.131 ............4,205,240 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........9.125 ..........7.200 AO...... .............87,194 ...........365,000 09/28/1994. 10/05/2009.
E10.24<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
N4345# AF 4 IBERDROLA INT BV SER A GTD SR................................................. ....... F ........... ......1 ..........47,000,000 ........93.879 ..........44,123,130 ..........47,000,000 ..........47,000,000 .......................... .......................... ............................ .......................... ..........5.530 ..........5.530 JD...... .............72,197 ........2,930,900 12/21/2005. 12/21/2017.<br />
45138L AN 3 IDAHO POWER CO BD...................................................................... ....... .. ........... .1FE ...............999,480 ........85.998 ...............859,980 ............1,000,000 ...............999,526 .......................... ......................9 ............................ .......................... ..........5.500 ..........5.504 AO...... .............13,750 .............55,000 05/08/2003. 04/01/2033.<br />
45138L AK 9 IDAHO POWER CO 1ST MTG........................................................... ....... .. .........1 .1FE ..........12,842,790 ........99.331 ..........12,913,030 ..........13,000,000 ..........12,920,877 .......................... .............18,110 ............................ .......................... ..........4.750 ..........4.925 AO...... ...........130,361 ...........617,500 04/21/2004. 11/15/2012.<br />
45138L AJ 2 IDAHO POWER CO 1ST MTG MTN SER.......................................... ....... .. ........... .1FE ............4,000,000 ......102.419 ............4,096,760 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 AO...... .............66,000 ...........264,000 02/27/2001. 03/02/2011.<br />
452092 CT 4 ILLINOIS POWER CO SR SECD NT.................................................. ....... .. ........... .2FE ...................4,995 ........89.712 ...................4,486 ...................5,000 ...................4,995 .......................... .......................... ............................ .......................... ..........6.125 ..........6.140 MN..... ....................39 ..................302 11/15/2007. 11/15/2017.<br />
45475Q AP 8 INDIANA GAS CO MTN...................................................................... ....... .. ........... .2FE ..........11,197,500 ......100.688 ..........10,068,800 ..........10,000,000 ..........11,045,101 .......................... ............(29,830) ............................ .......................... ..........6.360 ..........5.477 MS..... ...........187,267 ...........636,000 03/12/2003. 05/01/2028.<br />
45475Q AR 4 INDIANA GAS CO MTN SER G.......................................................... ....... .. ........... .2FE ..........11,424,100 ......105.409 ..........10,540,900 ..........10,000,000 ..........10,965,133 .......................... ............(22,267) ............................ .......................... ..........7.080 ..........6.000 MS..... ...........208,467 ...........708,000 04/01/2003. 10/05/2029.<br />
454889 AK 2 INDIANA MICH PWR CO SER F SR N............................................... ....... .. ........... .2FE ..........11,490,235 ........90.082 ..........10,359,430 ..........11,500,000 ..........11,486,036 .......................... ...............1,641 ............................ .......................... ..........5.050 ..........5.074 MN..... .............74,207 ...........580,750 01/25/2008. 11/15/2014.<br />
454889 AL 0 INDIANA MICHIGAN POWER CO SER............................................. ....... .. ........... .2FE ............5,991,540 ........91.422 ............5,485,320 ............6,000,000 ............5,993,648 .......................... ..................731 ............................ .......................... ..........5.650 ..........5.669 JD...... .............28,250 ...........339,000 12/07/2005. 12/01/2015.<br />
454889 AH 9 INDIANA MICHIGAN POWER CO SR N............................................ ....... .. ........... .2FE ............1,807,578 ........95.366 ............1,716,588 ............1,800,000 ............1,803,540 .......................... .................(792) ............................ .......................... ..........6.375 ..........6.317 MN..... .............19,125 ...........114,750 11/20/2002. 11/01/2012.<br />
455434 BF 6 INDIANAPOLIS POWER & LIGHT CO............................................... ....... .. ........... .2FE ............2,997,810 ......102.754 ............3,082,620 ............3,000,000 ............2,998,837 .......................... ..................217 ............................ .......................... ..........6.300 ..........6.311 JJ....... .............94,500 ...........189,000 07/30/2003. 07/01/2013.<br />
455434 BG 4 INDIANAPOLIS PWR & LGT 1ST MTG.............................................. ....... .. ........... .2FE ............1,999,540 ........94.891 ............1,897,820 ............2,000,000 ............1,999,559 .......................... ......................7 ............................ .......................... ..........6.600 ..........6.602 JJ....... .............66,000 ...........132,000 01/06/2004. 01/01/2034.<br />
455665 AK 5 INDIANTOWN COGENERATION LP SER......................................... ....... .. ........... .3FE ............9,164,305 ........79.218 ............6,337,440 ............8,000,000 ............8,586,550 .......................... ............(69,443) ............................ .......................... ..........9.770 ..........8.244 JD...... .............34,738 ...........781,600 08/07/1996. 12/15/2020.<br />
N4577# AC 0 INTL ENDESA BV SER C GTD SR NT............................................... ....... F ........... ......1 ..........38,000,000 ........98.744 ..........37,522,720 ..........38,000,000 ..........38,000,000 .......................... .......................... ............................ .......................... ..........5.470 ..........5.470 MS..... ...........646,676 ........2,078,600 09/09/2004. 09/09/2014.<br />
N4577# AB 2 INTL ENDESA SA BV SER B SR GTD............................................... ....... F ........... ......1 ..........10,630,510 ........99.494 ..........10,944,340 ..........11,000,000 ..........10,758,577 .......................... .............56,956 ............................ .......................... ..........5.230 ..........5.900 MS..... ...........178,982 ...........575,300 08/01/2006. 09/09/2012.<br />
463556 AD 2 IROQUOIS_GAS TRANSMISSION SR N........................................... ....... .. ........... .2FE ..........11,207,294 ........60.500 ............6,780,413 ..........11,207,294 ..........11,207,294 .......................... .......................... ............................ .......................... ..........6.100 ..........6.100 AO...... ...........115,840 ...........683,645 08/08/2002. 10/31/2027.<br />
46507M AA 0 ISRAEL ELEC CORP LTD 144A MTN................................................ ....... .. ........... .2FE ............4,991,550 ........93.265 ............4,663,250 ............5,000,000 ............4,991,899 .......................... ..................349 ............................ .......................... ..........7.250 ..........7.275 JJ....... ...........167,153 .............68,472 05/01/2008. 01/15/2019.<br />
465685 AC 9 ITC HLDGS CORP 144A NT............................................................... ....... .. ........... .2FE ............7,998,960 ........95.361 ............7,628,880 ............8,000,000 ............7,999,143 .......................... ....................85 ............................ .......................... ..........5.875 ..........5.877 MS..... ...........118,806 ...........470,000 10/04/2006. 09/30/2016.<br />
465685 AD 7 ITC HOLDINGS CORP SR NT 144A.................................................. ....... .. ........... .2FE ..........10,232,400 ........91.396 ............9,139,600 ..........10,000,000 ..........10,226,856 .......................... ..............(3,023) ............................ .......................... ..........6.375 ..........6.202 MS..... ...........161,146 ...........637,500 02/07/2007. 09/30/2036.<br />
450319 AA 6 ITC MIDWEST LLC SER A 144A FMB............................................... ....... .. ........... .1FE ............4,984,950 ........99.498 ............4,974,900 ............5,000,000 ............4,985,119 .......................... ..................169 ............................ .......................... ..........6.150 ..........6.172 JJ....... ...........128,979 ...........159,729 01/15/2008. 01/31/2038.<br />
476556 CK 9 JERSEY CENTRAL PWR & LGT SR NT............................................ ....... .. .........1 .2FE ............4,624,750 ........85.290 ............4,264,500 ............5,000,000 ............4,723,124 .......................... .............21,732 ............................ .......................... ..........4.800 ..........5.561 JD...... .............10,667 ...........240,000 12/15/2003. 06/15/2018.<br />
482620 AN 1 K N ENERGY INC BD......................................................................... ....... .. ........... .3FE ............2,084,329 ......103.474 ............2,225,726 ............2,151,000 ............2,145,820 .......................... .............19,445 ............................ .......................... ..........6.500 ..........6.823 MS..... .............46,605 ...........139,815 06/01/1995. 09/01/2013.<br />
48335# AA 9 KALAELOA PARTNERS L P SR SECD............................................. ....... .. .........3 ......2 ............8,892,427 ......107.123 ............7,877,740 ............7,353,920 ............7,786,397 .......................... ..........(143,432) ............................ .......................... ..........9.720 ..........7.444 JAJO.. ...............1,986 ...........714,801 01/01/1998. 03/31/2014.<br />
485134 BH 2 KANSAS CITY POWER & LGT CO SER............................................ ....... .. ........... ......2 ............1,987,960 ........81.023 ............1,620,460 ............2,000,000 ............1,988,449 .......................... ..................167 ............................ .......................... ..........6.050 ..........6.094 MN..... .............15,461 ...........121,000 11/14/2005. 11/15/2035.<br />
485260 BH 5 KANSAS GAS & ELEC SR 05 BD...................................................... ....... .. .........1 .2FE ............8,422,886 ........89.377 ............7,528,123 ............8,422,886 ............8,422,886 .......................... .......................... ............................ .......................... ..........5.647 ..........5.647 MS..... ...........121,553 ...........475,640 06/21/2005. 03/29/2021.<br />
49337W AJ 9 KEYSPAN CORP BNDS..................................................................... ....... .. .........1 .1FE ..........15,000,000 ........77.486 ..........11,622,900 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........5.803 ..........5.803 AO...... ...........217,613 ...........870,450 03/29/2005. 04/01/2035.<br />
494550 AG 1 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ...............548,604 ........97.822 ...............513,566 ...............525,000 ...............530,794 .......................... ..............(3,054) ............................ .......................... ..........7.500 ..........6.847 MN..... ...............6,563 .............37,500 11/17/2008. 11/01/2010.<br />
494550 AQ 9 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ...................3,900 ........83.008 ...................4,150 ...................5,000 ...................3,900 .......................... .......................... ............................ .......................... ..........7.300 ..........9.652 FA...... ..................138 .......................... 12/16/2008. 08/15/2033.<br />
494550 AY 2 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ..........14,469,695 ........85.346 ..........12,375,170 ..........14,500,000 ..........14,471,710 .......................... ...............2,015 ............................ .......................... ..........5.950 ..........5.978 FA...... ...........325,928 ...........438,565 02/05/2008. 02/15/2018.<br />
505588 BE 2 LACLEDE GROUP INC 1ST MTG...................................................... ....... .. ........... .1FE ............9,943,400 ........92.804 ............9,280,400 ..........10,000,000 ............9,947,128 .......................... ..................869 ............................ .......................... ..........6.000 ..........6.041 MN..... ...........100,000 ...........600,000 04/21/2004. 05/01/2034.<br />
5574A0 AA 5 MADISON GAS & ELECTRIC MTN.................................................... ....... .. .........1 .1FE ............5,000,000 ......106.578 ............5,328,900 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.580 ..........6.580 AO...... .............82,250 ...........329,000 04/01/2002. 04/01/2012.<br />
Q5995# AA 2 MERIDIAN ENERGY LTD SER 2004-1.............................................. ....... F ........... .2FE ..........35,000,000 ........95.878 ..........33,557,300 ..........35,000,000 ..........35,000,000 .......................... .......................... ............................ .......................... ..........4.640 ..........4.640 AO...... ...........279,689 ........1,624,000 04/29/2004. 04/29/2012.<br />
594457 BH 5 MICHIGAN CONS GAS 1ST MTGE MTN.......................................... ....... .. ........... .2FE ..........17,598,400 ......102.994 ..........16,479,040 ..........16,000,000 ..........16,651,017 .......................... ..........(172,513) ............................ .......................... ..........7.060 ..........5.704 FA...... ...........470,667 ........1,129,600 08/16/2002. 05/01/2012.<br />
594457 BD 4 MICHIGAN CONSOLIDATED GAS COMP........................................ ....... .. ........... .2FE ............4,957,500 ......108.684 ............5,434,200 ............5,000,000 ............4,980,910 .......................... ...............2,741 ............................ .......................... ..........8.250 ..........8.340 MN..... .............68,750 ...........412,500 09/26/1994. 05/01/2014.<br />
59447# AB 9 MICHIGAN ELEC TRANS CO SR SEC.............................................. ....... .. ........... ......2 ..........11,000,000 ........93.335 ..........10,266,850 ..........11,000,000 ..........11,000,000 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 JD...... ...............1,757 ...........776,250 12/10/2003. 12/10/2015.<br />
595620 AB 1 MIDAMERICAN ENERGY CO BD...................................................... ....... .. ........... .1FE ............6,919,990 ......102.514 ............7,175,980 ............7,000,000 ............6,927,288 .......................... ...............1,279 ............................ .......................... ..........6.750 ..........6.841 JD...... ...............1,313 ...........708,750 02/05/2002. 12/30/2031.<br />
595620 AD 7 MIDAMERICAN ENERGY CO MTN................................................... ....... .. ........... .1FE ............8,925,010 ........95.150 ............8,563,500 ............9,000,000 ............8,950,540 .......................... ...............7,298 ............................ .......................... ..........4.650 ..........4.760 AO...... ...........104,625 ...........418,500 05/17/2005. 10/01/2014.<br />
595620 AC 9 MIDAMERICAN ENERGY CO SR NT................................................ ....... .. ........... .1FE ............4,989,150 ........98.848 ............4,942,400 ............5,000,000 ............4,994,944 .......................... ...............1,099 ............................ .......................... ..........5.125 ..........5.153 JJ....... ...........118,160 ...........256,250 01/09/2003. 01/15/2013.<br />
59562H AJ 7 MIDAMERICAN FUNDING LLC SR SEC........................................... ....... .. ........... .1FE ............4,686,381 ........91.377 ............3,855,196 ............4,219,000 ............4,640,140 .......................... ............(10,454) ............................ .......................... ..........6.927 ..........6.062 MS..... .............97,417 ...........292,250 01/09/2004. 03/01/2029.<br />
59562H AK 4 MIDAMERICAN FUNDING LLC SR SEC........................................... ....... .. ........... .1FE .................17,754 ......100.616 .................17,105 .................17,000 .................17,473 .......................... .................(200) ............................ .......................... ..........6.750 ..........5.366 MS..... ..................383 ...............1,148 07/26/2007. 03/01/2011.<br />
61020F AF 1 MONONGAHELA POWER CO SER A MTN...................................... LS... .. ........... .2FE ............5,999,210 ........97.417 ............5,845,020 ............6,000,000 ............5,999,889 .......................... ....................99 ............................ .......................... ..........7.360 ..........7.362 MS..... ...........147,200 ...........441,600 12/14/1999. 01/15/2010.<br />
610202 BJ 1 MONONGAHELA PWR CO FMB........................................................ ....... .. ........... .2FE ............2,493,825 ........93.306 ............2,332,650 ............2,500,000 ............2,496,137 .......................... ..................569 ............................ .......................... ..........6.700 ..........6.734 JD...... ...............7,444 ...........167,500 06/02/2004. 06/15/2014.<br />
610202 BL 6 MONONGAHELA PWR CO 144A FMB.............................................. ....... .. ........... .2FE ............1,494,525 ........83.963 ............1,259,445 ............1,500,000 ............1,495,453 .......................... ..................423 ............................ .......................... ..........5.700 ..........5.747 MS..... .............23,513 .............85,500 09/13/2006. 03/15/2017.<br />
62983P AB 1 NAKILAT INC SB 2ND PRIORITY SE................................................ ....... .. ........... .1FE ..........14,012,250 ........67.009 ............9,381,260 ..........14,000,000 ..........14,011,360 .......................... .................(452) ............................ .......................... ..........6.267 ..........6.259 JD...... ...............2,437 ........1,049,723 12/12/2006. 12/31/2033.<br />
63618E AZ 4 NATIONAL FUEL GAS CO MTN........................................................ ....... .. ........... .2FE ............5,925,000 ........99.724 ............5,983,440 ............6,000,000 ............5,981,268 .......................... ...............8,861 ............................ .......................... ..........7.500 ..........7.681 JD...... .............37,500 ...........450,000 11/16/2000. 11/22/2010.<br />
636180 BE 0 NATIONAL FUEL GAS CO SR NTS................................................... ....... .. .........1 .2FE ..........35,569,900 ........95.330 ..........33,365,500 ..........35,000,000 ..........35,295,597 .......................... ............(62,618) ............................ .......................... ..........5.250 ..........5.022 MS..... ...........612,500 ........1,837,500 08/18/2004. 03/01/2013.<br />
636274 AC 6 NATIONAL GRID PLC GLB NT........................................................... ....... .. ........... .2FE ..........24,946,250 ........87.135 ..........21,783,750 ..........25,000,000 ..........24,956,400 .......................... ...............4,358 ............................ .......................... ..........6.300 ..........6.329 FA...... ...........656,250 ........1,575,000 07/19/2006. 08/01/2016.<br />
637432 CV 5 NATIONAL RURAL UTIL COOP FIN C............................................... ....... .. ........... .1FE ............3,200,460 ......100.645 ............3,019,350 ............3,000,000 ............3,027,519 .......................... ............(40,173) ............................ .......................... ..........5.750 ..........4.328 FA...... .............58,938 ...........172,500 05/04/2004. 08/28/2009.<br />
637432 CJ 2 NATIONAL RURAL UTILITIES COLL................................................. LS... .. ........... .1FE ............4,755,900 ......100.874 ............5,043,700 ............5,000,000 ............4,959,918 .......................... .............35,970 ............................ .......................... ..........5.700 ..........6.510 JJ....... ...........131,417 ...........285,000 08/01/2002. 01/15/2010.<br />
63743H BZ 4 NATIONAL RURAL UTILITIES MTN S............................................... ....... .. ........... .1FE ............9,217,712 ........90.810 ............7,718,850 ............8,500,000 ............9,067,066 .......................... ............(42,930) ............................ .......................... ..........6.300 ..........5.414 JJ....... ...........246,925 ...........535,500 03/18/2005. 10/15/2018.<br />
64079* AB 8 NEPTUNE REGIONAL TRANSMSN TR A......................................... ....... .. .........3 .2FE ..........19,764,143 ........86.465 ..........17,089,066 ..........19,764,143 ..........19,764,143 .......................... .......................... ............................ .......................... ..........6.210 ..........6.107 MJSD. ...........314,055 ........1,227,512 02/28/2007. 06/30/2027.<br />
650094 CB 9 NEW YORK TEL CO DEB................................................................... ....... .. .........1 .1FE ............2,470,893 ........84.243 ............2,400,926 ............2,850,000 ............2,499,554 .......................... ...............4,249 ............................ .......................... ..........7.000 ..........8.162 JD...... .............16,625 ...........199,500 01/03/2000. 12/01/2033.<br />
650094 BT 1 NEW YORK TEL CO DEBS................................................................ ....... .. ........... .1FE ............5,234,450 ........98.000 ............4,900,000 ............5,000,000 ............5,079,932 .......................... ............(15,466) ............................ .......................... ..........7.000 ..........6.570 MN..... .............58,333 ...........350,000 11/02/1993. 05/01/2013.
E10.25<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
650094 CD 5 NEW YORK TEL CO DEBS................................................................ ....... .. ........... .1FE ............3,750,355 ........99.813 ............3,493,455 ............3,500,000 ............3,554,281 .......................... ............(49,754) ............................ .......................... ..........6.125 ..........4.584 JJ....... .............98,851 ...........214,375 09/30/2004. 01/15/2010.<br />
65364T AA 7 NIAGARA MOHAWK PWR CORP SEC FA....................................... ....... .. .........2 .1FE ..........13,081,000 ......115.450 ..........15,102,015 ..........13,081,000 ..........13,081,000 .......................... .......................... ............................ .......................... ..........5.469 ..........5.469 JJ....... ...........357,700 ...........715,400 12/04/2003. 01/01/2018.<br />
65473Q AL 7 NISOURCE FINANCE CORP NT........................................................ ....... .. ........... .2FE ..........19,991,310 ........68.426 ..........13,685,200 ..........20,000,000 ..........19,990,188 .......................... ...............1,215 ............................ .......................... ..........5.400 ..........5.409 JJ....... ...........498,000 ........1,080,000 10/30/2007. 07/15/2014.<br />
65473Q AS 2 NISOURCE FINANCE CORP NT........................................................ ....... .. ........... .2FE ............6,993,350 ........62.408 ............4,368,560 ............7,000,000 ............6,993,968 .......................... ..................468 ............................ .......................... ..........6.400 ..........6.412 MS..... ...........131,911 ...........466,669 08/28/2007. 03/15/2018.<br />
65473Q AK 9 NISOURCE FINANCE CORP SR NTS............................................... ....... .. .........1 .2FE ..........12,815,760 ........77.054 ............9,246,480 ..........12,000,000 ..........12,413,443 .......................... ............(86,638) ............................ .......................... ..........6.150 ..........5.220 MS..... ...........246,000 ...........738,000 10/29/2003. 03/01/2013.<br />
65488B AA 7 NOARK PIPELINE FINANCE LLC SR................................................ ....... .. ........... ......3 ..........10,730,625 ......101.240 ..........10,863,685 ..........10,730,625 ..........10,730,625 .......................... .......................... ............................ .......................... ..........7.150 ..........7.150 JD...... .............63,937 ...........767,240 06/15/1998. 06/01/2018.<br />
664397 AE 6 NORTHEAST UTILITIES SR NTS...................................................... ....... .. .........1 .2FE ..........10,534,033 ........99.709 ............9,113,403 ............9,140,000 ............9,752,065 .......................... ..........(169,266) ............................ .......................... ..........7.250 ..........4.993 AO...... ...........165,663 ...........662,650 11/21/2003. 04/01/2012.<br />
664787 AB 4 NORTHERN BORDER PIPELINE SR NT........................................... ....... .. ........... .1FE ............4,478,085 ......100.606 ............4,527,270 ............4,500,000 ............4,497,987 .......................... ...............2,821 ............................ .......................... ..........7.750 ..........7.821 MS..... ...........116,250 ...........348,750 08/11/1999. 09/01/2009.<br />
664787 AD 0 NORTHERN BORDER PIPELINE SR NT........................................... ....... .. .........1 .1FE ..........12,968,800 ........91.584 ..........11,905,920 ..........13,000,000 ..........12,976,037 .......................... ...............1,096 ............................ .......................... ..........7.500 ..........7.523 AO...... ...........243,750 ...........975,000 09/10/2001. 09/15/2021.<br />
665501 AD 4 NORTHERN NATURAL GAS CO 144A S.......................................... ....... .. ........... .1FE ..........39,600,535 ......102.542 ..........40,504,090 ..........39,500,000 ..........39,534,790 .......................... ............(12,955) ............................ .......................... ..........7.000 ..........6.959 JD...... ...........230,417 ........2,765,000 08/02/2001. 06/01/2011.<br />
665501 AH 5 NORTHERN NATURAL GAS CO 144A S.......................................... ....... .. ........... .1FE ............5,856,620 ........95.758 ............5,745,480 ............6,000,000 ............5,861,487 .......................... ...............4,867 ............................ .......................... ..........5.750 ..........5.753 JJ....... ...........159,083 .......................... 07/10/2008. 07/15/2018.<br />
665501 AF 9 NORTHERN NATURAL GAS NTS 144A............................................ ....... .. .........1 .1FE ............7,989,200 ........96.462 ............7,716,960 ............8,000,000 ............7,992,750 .......................... ..................946 ............................ .......................... ..........5.125 ..........5.142 MN..... .............68,333 ...........410,000 04/11/2005. 05/01/2015.<br />
665772 BN 8 NORTHERN STATES POWER FMB.................................................. ....... .. ........... .1FE ..........12,342,160 ......110.706 ..........13,284,720 ..........12,000,000 ..........12,292,777 .......................... ..............(9,406) ............................ .......................... ..........7.125 ..........6.875 JJ....... ...........427,500 ...........855,000 05/30/2002. 07/01/2025.<br />
665772 BZ 1 NORTHERN STATES POWER IST MTG........................................... ....... .. .........1 .1FE ...............997,430 ........99.976 ...............999,760 ............1,000,000 ...............999,337 .......................... ..................393 ............................ .......................... ..........4.750 ..........4.794 FA...... .............19,792 .............47,500 08/04/2003. 08/01/2010.<br />
665789 AW 3 NORTHERN STS PWR CO WIS FMB................................................ ....... .. ........... .1FE ............9,923,500 ......107.534 ..........10,753,400 ..........10,000,000 ............9,923,763 .......................... ..................263 ............................ .......................... ..........6.375 ..........6.433 MS..... ...........196,563 .......................... 09/03/2008. 09/01/2038.<br />
667752 AB 5 NORTHWEST PIPELINE GP SR NT.................................................. ....... .. ........... .2FE ............6,991,427 ........87.241 ............6,106,870 ............7,000,000 ............6,991,810 .......................... ..................383 ............................ .......................... ..........6.050 ..........6.085 JD...... .............18,822 ...........238,807 05/19/2008. 06/15/2018.<br />
669771 AR 8 NOVA GAS TRANSMISSION LTD DEB............................................. ....... I. ........... .1FE ..........12,327,634 ......109.177 ..........12,604,485 ..........11,545,000 ..........11,822,832 .......................... ............(58,186) ............................ .......................... ..........8.500 ..........7.781 JD...... .............43,614 ...........981,325 04/16/1996. 12/15/2012.<br />
669771 AS 6 NOVA GAS TRANSMISSION LTD DEB............................................. ....... I. ........... .1FE ............3,052,410 ......108.006 ............3,240,180 ............3,000,000 ............3,039,764 .......................... ..............(1,493) ............................ .......................... ..........7.875 ..........7.720 AO...... .............59,063 ...........236,250 08/16/1995. 04/01/2023.<br />
629377 AU 6 NRG ENERGY INC SR NT................................................................. ....... .. .........1 .4FE ............2,140,319 ........93.000 ............1,953,000 ............2,100,000 ............2,128,190 .......................... ..............(4,473) ............................ .......................... ..........7.375 ..........7.103 FA...... .............64,531 ...........154,875 02/23/2006. 02/01/2016.<br />
677347 CB 0 OHIO EDISON CO SR NTS................................................................ ....... .. ........... .2FE ............9,108,630 ........89.587 ............8,062,830 ............9,000,000 ............9,078,047 .......................... ............(10,127) ............................ .......................... ..........5.450 ..........5.287 MN..... .............81,750 ...........490,500 10/04/2005. 05/01/2015.<br />
678858 BJ 9 OKLAHOMA GAS & ELEC CO SR NT............................................... ....... .. ........... .1FE ............4,982,250 ........96.159 ............4,807,950 ............5,000,000 ............4,982,648 .......................... ..................398 ............................ .......................... ..........6.350 ..........6.399 MS..... .............98,778 .......................... 09/04/2008. 09/01/2018.<br />
678858 BB 6 OKLAHOMA GAS & ELECTRIC CO FMB.......................................... ....... .. ........... .1FE ............1,109,340 ........97.765 ...............977,650 ............1,000,000 ............1,074,095 .......................... ..............(6,669) ............................ .......................... ..........6.500 ..........5.405 JJ....... .............29,972 .............65,000 12/19/2002. 07/15/2017.<br />
678858 BC 4 OKLAHOMA GAS & ELECTRIC CO SR............................................. ....... .. ........... .1FE ............4,170,720 ........93.867 ............3,754,680 ............4,000,000 ............4,150,048 .......................... ..............(3,970) ............................ .......................... ..........6.500 ..........6.164 AO...... .............54,889 ...........260,000 12/13/2002. 04/15/2028.<br />
678858 BF 7 OKLAHOMA GAS & ELECTRIC CO SR............................................. ....... .. ........... .1FE ..........13,942,320 ........84.005 ..........11,760,700 ..........14,000,000 ..........13,944,672 .......................... ..................835 ............................ .......................... ..........5.750 ..........5.779 JJ....... ...........371,194 ...........805,000 01/04/2006. 01/15/2036.<br />
678858 BG 5 OKLAHOMA GAS & ELECTRIC CO SR............................................. ....... .. ........... .1FE ............6,279,462 ........91.163 ............5,743,269 ............6,300,000 ............6,284,504 .......................... ...............1,781 ............................ .......................... ..........5.150 ..........5.192 JJ....... ...........149,608 ...........324,450 01/04/2006. 01/15/2016.<br />
679574 AH 6 OLD DOMINION ELEC COOP 2003 SE............................................. ....... .. ........... .1FE ............9,166,608 ........90.649 ............8,309,438 ............9,166,608 ............9,166,608 .......................... .......................... ............................ .......................... ..........5.676 ..........5.676 JD...... .............43,358 ...........520,297 07/23/2003. 12/01/2028.<br />
679574 AG 8 OLD DOMINION ELECTRIC CO BD................................................... ....... .. ........... .1FE ..........21,361,845 ........93.530 ..........19,953,066 ..........21,333,333 ..........21,332,329 .......................... ....................75 ............................ .......................... ..........6.210 ..........6.211 JD...... ...........110,400 ........1,324,800 12/16/2002. 12/01/2028.<br />
68233D AS 6 ONCOR ELECTRIC DELIVERY CORP S........................................... ....... .. .........1 .2FE ..........26,962,405 ........96.178 ..........25,487,170 ..........26,500,000 ..........26,751,183 .......................... ............(67,532) ............................ .......................... ..........6.375 ..........6.053 MN..... ...........281,563 ........1,689,375 08/09/2005. 05/01/2012.<br />
68233D AT 4 ONCOR ELECTRIC DELIVERY CORP S........................................... ....... .. .........1 .2FE ............3,439,110 ........90.101 ............2,703,030 ............3,000,000 ............3,411,960 .......................... ..............(8,059) ............................ .......................... ..........7.000 ..........5.908 MN..... .............35,000 ...........210,000 05/06/2005. 05/01/2032.<br />
682680 AM 5 ONEOK INC SR NTS.......................................................................... ....... .. .........1 .2FE ............9,994,600 ........82.792 ............8,279,200 ..........10,000,000 ............9,996,179 .......................... ..................486 ............................ .......................... ..........5.200 ..........5.207 JD...... .............23,111 ...........520,000 06/14/2005. 06/15/2015.<br />
68268N AA 1 ONEOK PARTNERS LP GTD SR NT................................................. ....... .. ........... .2FE ............2,999,400 ........94.109 ............2,823,270 ............3,000,000 ............2,999,623 .......................... ..................102 ............................ .......................... ..........5.900 ..........5.904 AO...... .............44,250 ...........177,000 09/20/2006. 04/01/2012.<br />
68268N AB 9 ONEOK PARTNERS LP GTD SR NT................................................. ....... .. ........... .2FE ............1,999,820 ........87.630 ............1,752,600 ............2,000,000 ............1,999,852 .......................... ....................15 ............................ .......................... ..........6.150 ..........6.151 AO...... .............30,750 ...........123,000 09/20/2006. 10/01/2016.<br />
683078 FY 0 ONTARIO HYDRO SR DB.................................................................. ....... .. ........... .1FE ............1,040,471 ......119.109 ............1,161,313 ...............975,000 ............1,000,046 .......................... ..............(4,936) ............................ .......................... ..........7.450 ..........6.630 MS..... .............18,361 .............72,638 10/26/1993. 03/31/2013.<br />
684065 BB 0 ORANGE & ROCKLAND UTILITIES 14.............................................. ....... .. ........... .1FE ............4,591,628 ........98.138 ............4,514,348 ............4,600,000 ............4,593,129 .......................... ..................695 ............................ .......................... ..........5.450 ..........5.474 AO...... .............62,675 ...........250,700 10/04/2006. 10/01/2016.<br />
Y6937* AA 6 P T JAWA POWER SR SEC NTS...................................................... ....... F ........... ......3 ............4,567,720 ........98.516 ............4,999,687 ............5,075,000 ............4,058,792 .......................... .......................... ............................ .......................... ..........9.300 ..........8.473 AO...... .......................... ...........480,029 11/01/2001. 01/15/2011.<br />
694032 AT 0 PACIFIC BELL INC DB........................................................................ ....... .. ........... .1FE ..........18,174,824 ......102.872 ..........18,712,417 ..........18,190,000 ..........18,226,854 .......................... ..............(4,717) ............................ .......................... ..........7.125 ..........7.085 MS..... ...........381,611 ........1,296,038 03/02/2005. 03/15/2026.<br />
694032 AX 1 PACIFIC BELL INC DB........................................................................ ....... .. .........1 .1FE ............4,717,306 ........80.293 ............4,347,866 ............5,415,000 ............4,773,121 .......................... ...............7,249 ............................ .......................... ..........6.625 ..........7.792 AO...... .............75,735 ...........358,744 01/03/2000. 10/15/2034.<br />
694308 GJ 0 PACIFIC GAS & ELEC CO SR NT...................................................... ....... .. ........... .1FE ............9,945,400 ......103.721 ..........10,372,100 ..........10,000,000 ............9,946,690 .......................... ..................734 ............................ .......................... ..........5.800 ..........5.839 MS..... ...........193,333 ...........580,000 03/08/2007. 03/01/2037.<br />
694308 GD 3 PACIFIC GAS & ELEC FMB............................................................... ....... .. ........... .1FE ..........28,421,895 ........98.206 ..........27,988,710 ..........28,500,000 ..........28,452,093 .......................... ...............7,535 ............................ .......................... ..........4.800 ..........4.836 MS..... ...........456,000 ........1,368,000 05/13/2004. 03/01/2014.<br />
694308 GE 1 PACIFIC GAS & ELECTRIC CO FMB................................................ ....... .. ........... .1FE ..........11,432,730 ......106.206 ..........11,682,660 ..........11,000,000 ..........11,408,813 .......................... ..............(7,212) ............................ .......................... ..........6.050 ..........5.766 MS..... ...........221,833 ...........665,500 01/26/2006. 03/01/2034.<br />
694308 GC 5 PACIFIC GAS & ELECTRIC CO SR N............................................... ....... .. .........1 .1FE ............1,517,583 ........98.787 ............1,503,538 ............1,522,000 ............1,520,331 .......................... ..................721 ............................ .......................... ..........4.200 ..........4.253 MS..... .............21,308 .............63,777 03/03/2008. 03/01/2011.<br />
69512E GD 1 PACIFICORP FM MTN........................................................................ ....... .. ........... .1FE ............3,051,676 ......105.988 ............3,179,640 ............3,000,000 ............3,038,321 .......................... ..............(1,506) ............................ .......................... ..........6.750 ..........6.906 AO...... .............50,625 ...........202,500 09/15/1993. 09/14/2023.<br />
69512E GF 6 PACIFICORP FM MTN........................................................................ ....... .. ........... .1FE ............5,255,270 ......106.984 ............5,349,200 ............5,000,000 ............5,212,079 .......................... ..............(8,667) ............................ .......................... ..........6.750 ..........6.302 AO...... .............84,375 ...........337,500 04/14/2003. 10/26/2023.<br />
695114 BT 4 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ............9,735,520 ......121.172 ............9,693,760 ............8,000,000 ............9,574,530 .......................... ............(31,121) ............................ .......................... ..........7.700 ..........6.093 MN..... .............78,711 ...........616,000 01/06/2003. 11/15/2031.<br />
695114 BZ 0 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ............4,682,535 ........92.770 ............5,102,350 ............5,500,000 ............4,687,390 .......................... ...............4,855 ............................ .......................... ..........5.250 ..........6.417 JD...... .............12,833 ...........144,375 07/29/2008. 06/15/2035.<br />
695114 CB 2 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ..........12,957,620 ......103.578 ..........13,465,140 ..........13,000,000 ..........12,958,908 .......................... ..................562 ............................ .......................... ..........6.100 ..........6.124 FA...... ...........330,417 ...........793,000 08/07/2006. 08/01/2036.<br />
695114 CD 8 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ............1,382,745 ........98.793 ............1,481,895 ............1,500,000 ............1,383,181 .......................... ..................436 ............................ .......................... ..........5.750 ..........6.346 AO...... .............21,563 .............43,125 09/10/2008. 04/01/2037.<br />
695114 CJ 5 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ............4,912,450 ......107.179 ............5,358,950 ............5,000,000 ............4,912,862 .......................... ..................412 ............................ .......................... ..........6.350 ..........6.483 JJ....... ...........144,639 .......................... 07/24/2008. 07/15/2038.<br />
69512E DL 6 PACIFICORP SECD MTN................................................................... ....... .. ........... .1FE ............1,000,000 ......116.908 ............1,169,080 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........8.070 ..........8.070 MS..... .............26,900 .............80,700 09/01/1992. 11/09/2022.<br />
69512E GM 1 PACIFICORP SER H FMB MTN......................................................... ....... .. ........... .1FE ............2,987,970 ......100.885 ............3,026,550 ............3,000,000 ............2,999,215 .......................... ...............1,374 ............................ .......................... ..........7.000 ..........7.050 JJ....... .............96,833 ...........210,000 07/10/1997. 07/15/2009.<br />
695114 BW 7 PACIFICORP 1ST MTG...................................................................... ....... .. .........1 .1FE ..........17,164,430 ......102.285 ..........17,388,450 ..........17,000,000 ..........17,088,832 .......................... ............(16,376) ............................ .......................... ..........5.450 ..........5.323 MS..... ...........272,803 ...........926,500 11/05/2003. 09/15/2013.<br />
698465 BJ 9 PANHANDLE EASTERN PIPELINE NTS........................................... ....... .. ........... .2FE ............6,960,730 ........86.354 ............6,044,780 ............7,000,000 ............6,978,861 .......................... ...............3,845 ............................ .......................... ..........6.050 ..........6.126 FA...... ...........159,989 ...........423,500 08/13/2003. 08/15/2013.<br />
698525 AA 0 PANOCHE ENERGY CENTER LLC SR S......................................... ....... .. ........... .2FE ............7,000,000 ........84.339 ............5,903,730 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........6.885 ..........6.863 FA...... ...........161,989 ...........283,815 01/24/2008. 07/31/2029.
E10.26<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
693304 AH 0 PECO ENERGY CO FMB................................................................... ....... .. ........... .1FE ..........19,965,000 ........92.516 ..........18,503,200 ..........20,000,000 ..........19,966,026 .......................... ..................470 ............................ .......................... ..........5.950 ..........5.962 AO...... ...........297,500 ........1,190,000 09/18/2006. 10/01/2036.<br />
693304 AL 1 PECO ENERGY CO FMB................................................................... ....... .. ........... .1FE ............3,998,272 ........95.464 ............3,823,333 ............4,005,000 ............3,998,702 .......................... ..................431 ............................ .......................... ..........5.350 ..........5.372 MS..... .............71,423 ...........105,943 02/25/2008. 03/01/2018.<br />
705322 AK 1 PEDERNALES EL COOP INC 02 SER............................................... ....... .. ........... .1FE ............5,000,000 ......105.228 ............5,261,400 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.202 ..........6.202 MN..... .............39,624 ...........310,100 10/10/2002. 11/15/2032.<br />
705322 AH 8 PEDERNALES ELEC COOP INC 02 SE............................................ ....... .. ........... .1FE ............6,404,657 ......102.636 ............6,573,484 ............6,404,657 ............6,404,657 .......................... .......................... ............................ .......................... ..........4.093 ..........4.093 MN..... .............33,496 ...........260,992 10/10/2002. 11/15/2012.<br />
705322 AG 0 PEDERNALIS ELEC COOP FMB 144A............................................. ....... .. ........... ......1 ............1,424,874 ......113.609 ............1,455,229 ............1,280,910 ............1,321,629 .......................... ..............(9,760) ............................ .......................... ..........7.550 ..........6.626 MN..... .............12,357 .............96,709 01/01/1998. 11/15/2015.<br />
G8295T AD 8 PENNON GRP PLC SR INDEX LNKD N............................................ ....... D .........3 ......2 ..........43,285,671 ........92.320 ..........39,819,993 ..........43,132,575 ..........43,285,671 .......................... .....................(1) ............................ .....(16,501,487) ..........6.000 ..........6.000 JJ....... ........1,220,514 ........2,484,663 11/01/2007. 07/13/2022.<br />
GBP COST = 30,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
GBP PAR = 30,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
708696 BS 7 PENNSYLVANIA ELECTRIC CO NT.................................................. ....... .. ........... .2FE ..........14,779,350 ........90.865 ..........13,629,750 ..........15,000,000 ..........14,850,175 .......................... .............23,962 ............................ .......................... ..........5.125 ..........5.345 AO...... ...........192,188 ...........768,750 03/16/2006. 04/01/2014.<br />
708696 BU 2 PENNSYLVANIA ELECTRIC CO SR NT............................................ ....... .. ........... .2FE ............3,924,320 ........89.704 ............3,588,160 ............4,000,000 ............3,931,907 .......................... ...............5,748 ............................ .......................... ..........6.050 ..........6.090 MS..... .............80,667 ...........242,000 08/27/2007. 09/01/2017.<br />
711030 AC 0 PEOPLES ENERGY NTS................................................................... ....... .. .........1 .2FE ..........32,981,360 ......100.657 ..........31,203,670 ..........31,000,000 ..........31,630,172 .......................... ..........(287,216) ............................ .......................... ..........6.900 ..........5.822 JJ....... ...........986,317 ........2,139,000 10/07/2003. 01/15/2011.<br />
713291 AG 7 PEPCO HLDG INC NT........................................................................ ....... .. ........... .2FE ..........14,098,750 ........93.301 ..........12,129,130 ..........13,000,000 ..........13,538,829 .......................... ..........(131,898) ............................ .......................... ..........6.450 ..........5.180 FA...... ...........316,767 ...........838,500 05/19/2005. 08/15/2012.<br />
713291 AK 8 PEPCO HLDGS INC NT...................................................................... ....... .. ........... .2FE ............9,820,202 ........96.152 ............9,567,124 ............9,950,000 ............9,918,509 .......................... .............21,788 ............................ .......................... ..........4.000 ..........4.240 MN..... .............50,856 ...........398,000 02/19/2004. 05/15/2010.<br />
713291 A@ 1 PEPCO HOLDINGS INC NT............................................................... ....... .. ........... ......2 ..........25,000,000 ........86.991 ..........21,747,750 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 AO...... ...........270,833 ........1,500,000 04/26/2007. 04/26/2019.<br />
71803Q AX 0 PHIL SUB WTR (NOW AQUA AMER) M............................................ ....... .. ........... .1FE ..........13,013,910 ......100.184 ..........13,023,920 ..........13,000,000 ..........13,010,351 .......................... .................(713) ............................ .......................... ..........5.751 ..........5.740 AO...... ...........157,833 ...........747,630 04/29/2004. 05/15/2019.<br />
71803Q AR 3 PHIL SUB WTR (NOW AQUA AMER) 1............................................. ....... .. ........... .1FE ..........15,000,000 ......107.711 ..........16,156,650 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........6.210 ..........6.210 JJ....... ...........465,750 ...........931,500 10/25/2001. 11/01/2011.<br />
71803Q AS 1 PHIL SUB WTR (NOW AQUA AMER) 1............................................. ....... .. ........... .1FE ..........25,000,000 ......106.592 ..........26,648,000 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........5.930 ..........5.930 JD...... .............65,889 ........1,482,500 06/13/2002. 07/01/2012.<br />
P7883# AF 3 PHOENIX GAS PROCESSORS LTD SR........................................... ....... F ........... .1FE ............9,175,000 ........97.612 ............8,955,901 ............9,175,000 ............9,175,000 .......................... .......................... ............................ .......................... ..........5.280 ..........5.280 JAJO.. ...........121,110 ...........484,440 05/01/2007. 04/01/2017.<br />
P7883# AE 6 PHOENIX PARK GAS PROCESSORS SE........................................ ....... F ........... ......1 ..........12,582,396 ........97.060 ..........12,212,474 ..........12,582,396 ..........12,582,396 .......................... .......................... ............................ .......................... ..........5.760 ..........5.760 JAJO.. ...........181,187 ...........724,746 01/09/2007. 04/01/2020.<br />
72018Q AB 7 PIEDMONT NAT GAS MTN................................................................ ....... .. ........... .1FE ..........18,588,200 ......102.683 ..........20,536,600 ..........20,000,000 ..........18,851,363 .......................... .............40,336 ............................ .......................... ..........6.870 ..........7.516 JJ....... ...........687,000 ........1,374,000 04/10/2001. 10/06/2023.<br />
72018Q AG 6 PIEDMONT NAT GAS MTN................................................................ ....... .. ........... .1FE ..........16,000,000 ......113.521 ..........18,163,360 ..........16,000,000 ..........16,000,000 .......................... .......................... ............................ .......................... ..........7.950 ..........7.950 JJ....... ...........636,000 ........1,272,000 09/15/1999. 09/14/2029.<br />
72018Q AH 4 PIEDMONT NAT GAS MTN................................................................ ....... .. ........... .1FE ..........15,000,000 ......106.394 ..........15,959,100 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.800 ..........7.800 JJ....... ...........585,000 ........1,170,000 09/26/2000. 09/29/2010.<br />
720186 AD 7 PIEDMONT NAT GAS NTS................................................................ ....... .. ........... .1FE ..........11,969,100 ........98.588 ..........11,830,560 ..........12,000,000 ..........11,977,239 .......................... ...............3,881 ............................ .......................... ..........5.000 ..........5.043 JJ....... ...........300,000 ...........600,000 11/01/2006. 12/19/2013.<br />
72018Q AD 3 PIEDMONT NATURAL GAS CO INC SE........................................... ....... .. ........... .1FE ..........12,000,000 ......106.723 ..........12,806,760 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........7.400 ..........7.400 JJ....... ...........444,000 ...........888,000 09/28/1995. 10/03/2025.<br />
C7277* AB 4 PIPELINE MANAGEMENT SER B GTD............................................. ....... C ........... ......2 ..........26,874,592 ........91.100 ..........24,290,382 ..........26,663,426 ..........26,874,592 .......................... .......................... ............................ .......(6,837,002) ..........6.100 ..........6.100 AO...... ...........286,886 ........1,767,736 10/28/2004. 10/28/2014.<br />
CAD COST = 32,916,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
CAD PAR = 32,916,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
736508 G* 7 PORTLAND GENERAL ELEC SER A 1S........................................... ....... .. ........... ......2 ..........20,000,000 ........78.176 ..........15,635,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........6.260 ..........6.260 MN..... ...........208,667 ........1,252,000 05/24/2006. 05/01/2031.<br />
736508 BC 5 PORTLAND GENERAL ELECTRIC CO N.......................................... ....... .. ........... .2FE ............7,188,810 ......102.647 ............7,441,908 ............7,250,000 ............7,239,825 .......................... ...............7,721 ............................ .......................... ..........7.875 ..........7.999 MS..... ...........168,109 ...........570,938 03/08/2000. 03/15/2010.<br />
736508 H* 6 PORTLAND GENERAL ELECTRIC CO 1.......................................... ....... .. ........... ......1 ............9,000,000 ........75.460 ............6,791,400 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........5.800 ..........5.800 JD...... .............43,500 ...........522,000 05/16/2007. 06/01/2039.<br />
737662 BR 6 POTOMAC EDISON CO FMB............................................................ ....... .. ........... .2FE ..........10,148,137 ........83.638 ............8,869,810 ..........10,605,000 ..........10,241,066 .......................... .............43,994 ............................ .......................... ..........5.125 ..........5.754 FA...... ...........205,325 ...........543,506 10/19/2006. 08/15/2015.<br />
737679 CW 8 POTOMAC ELECTRIC POWER CO 1ST........................................... ....... .. .........1 .2FE ..........14,948,850 ........96.042 ..........14,406,300 ..........15,000,000 ..........14,971,768 .......................... ...............4,998 ............................ .......................... ..........4.950 ..........4.994 MN..... .............94,875 ...........742,500 11/17/2003. 11/15/2013.<br />
737679 CZ 1 POTOMAC ELECTRIC POWER CO 1ST........................................... ....... .. ........... .2FE ............8,355,548 ........82.014 ............6,930,183 ............8,450,000 ............8,359,794 .......................... ...............1,454 ............................ .......................... ..........5.400 ..........5.476 JD...... .............38,025 ...........456,300 01/30/2006. 06/01/2035.<br />
737679 DB 3 POTOMAC ELECTRIC POWER 1ST MTG........................................ ....... .. ........... .2FE ............2,907,510 ........97.612 ............2,928,360 ............3,000,000 ............2,908,279 .......................... ..................769 ............................ .......................... ..........6.500 ..........6.740 MN..... .............24,917 ...........194,458 03/24/2008. 11/15/2037.<br />
69351U AH 6 PPL ELEC UTILS CORP SR SECD BD.............................................. ....... .. ........... .1FE ............6,950,930 ........96.987 ............6,789,090 ............7,000,000 ............6,951,151 .......................... ..................221 ............................ .......................... ..........6.450 ..........6.504 FA...... ...........170,567 .......................... 08/12/2008. 08/15/2037.<br />
69351U AL 7 PPL ELEC UTILS CORP SR SECD BD.............................................. ....... .. ........... .1FE .................24,978 ......106.023 .................26,506 .................25,000 .................24,978 .......................... ......................1 ............................ .......................... ..........7.125 ..........7.142 MN..... ..................366 .......................... 10/14/2008. 11/30/2013.<br />
69352J AG 2 PPL ENERGY SUPPLY LLC RESET PU........................................... ....... .. ........... .2FE ............9,498,100 ........82.404 ............7,828,380 ............9,500,000 ............9,498,185 .......................... ....................28 ............................ .......................... ..........5.700 ..........5.702 AO...... ...........114,317 ...........541,500 10/20/2005. 10/15/2035.<br />
69352B AC 8 PPL MONTANA LLC PASS THRU CTFS........................................... ....... .. ........... .2FE ..........18,215,326 ......109.920 ..........20,022,286 ..........18,215,326 ..........18,215,326 .......................... .......................... ............................ .......................... ..........8.903 ..........8.903 JJ....... ...........806,350 ........1,621,710 07/13/2000. 07/02/2020.<br />
69362B AF 9 PSEG POWER LLC SR NT................................................................. ....... .. ........... .2FE ...............543,680 ........99.885 ...............499,425 ...............500,000 ...............513,088 .......................... ..............(5,136) ............................ .......................... ..........7.750 ..........6.502 AO...... ...............8,181 .............38,750 10/15/2001. 04/15/2011.<br />
693627 AH 4 PSI ENERGY INC SER BBB FMB...................................................... ....... .. ........... .1FE ............7,981,337 ......100.624 ............8,049,920 ............8,000,000 ............7,998,586 .......................... ...............2,456 ............................ .......................... ..........8.000 ..........8.035 JJ....... ...........295,111 ...........640,000 04/30/1999. 07/15/2009.<br />
693627 AJ 0 PSI ENERGY INC SER CCC FMB..................................................... ....... .. ........... .1FE ............4,500,000 ......117.050 ............5,214,578 ............4,455,000 ............4,490,321 .......................... ..............(1,411) ............................ .......................... ..........8.850 ..........8.749 JJ....... ...........181,801 ...........394,268 04/30/1999. 01/15/2022.<br />
693627 AX 9 PSI ENERGY INC SR NTS................................................................. ....... .. .........1 .2FE ............1,984,840 ........94.792 ............1,895,840 ............2,000,000 ............1,991,891 .......................... ...............1,488 ............................ .......................... ..........5.000 ..........5.098 MS..... .............29,444 ...........100,000 09/19/2003. 09/15/2013.<br />
744448 CA 7 PUBLIC SERVCIE COLORADO FMB................................................ ....... .. ........... .1FE ..........14,576,880 ......111.567 ..........16,177,215 ..........14,500,000 ..........14,576,551 .......................... .................(329) ............................ .......................... ..........6.500 ..........6.460 FA...... ...........361,292 .......................... 08/06/2008. 08/01/2038.<br />
74456Q AL 0 PUBLIC SERVICE ELEC & GAS CO S.............................................. ....... .. ........... .1FE ............5,294,450 ........98.492 ............4,924,600 ............5,000,000 ............5,169,934 .......................... ............(31,971) ............................ .......................... ..........5.375 ..........4.558 MS..... .............89,583 ...........268,750 10/20/2004. 09/01/2013.<br />
74456Q AN 6 PUBLIC SERVICE ELECT & GAS 1ST.............................................. ....... .. ........... .1FE ............9,960,400 ........97.845 ............9,784,500 ..........10,000,000 ............9,975,278 .......................... ...............3,714 ............................ .......................... ..........5.000 ..........5.051 FA...... ...........188,889 ...........500,000 08/16/2004. 08/15/2014.<br />
744448 BY 6 PUBLIC SERVICE OF COLORADO 1ST........................................... ....... .. .........1 .1FE ............9,652,781 ........94.866 ............9,130,853 ............9,625,000 ............9,639,451 .......................... ..............(3,062) ............................ .......................... ..........4.875 ..........4.835 MS..... ...........156,406 ...........469,219 12/30/2003. 03/01/2013.<br />
74451P AA 1 PUBLIC SERVICE OF NC NTS.......................................................... ....... .. .........1 .1FE ..........14,855,550 ......100.434 ..........15,065,100 ..........15,000,000 ..........14,960,498 .......................... .............16,725 ............................ .......................... ..........6.625 ..........6.761 FA...... ...........375,417 ...........993,750 04/30/2001. 02/15/2011.<br />
744448 CB 5 PUBLIC SVC CO COLORADO FMB.................................................. ....... .. ........... .1FE ............3,174,150 ......103.711 ............3,629,885 ............3,500,000 ............3,177,860 .......................... ...............3,710 ............................ .......................... ..........5.800 ..........7.141 FA...... .............77,817 .......................... 10/29/2008. 08/01/2018.<br />
74531E AA 0 PUGET SOUND ENERGY INC SER A M........................................... ....... .. ........... .2FE ..........10,951,330 ........95.943 ............9,594,300 ..........10,000,000 ..........10,918,275 .......................... ............(25,041) ............................ .......................... ..........7.020 ..........6.190 MS..... ...........206,700 ...........702,000 08/28/2007. 12/01/2027.<br />
745332 BV 7 PUGET SOUND ENERGY 1ST MTG................................................. ....... .. ........... .2FE ............6,429,085 ........92.715 ............6,026,475 ............6,500,000 ............6,446,847 .......................... ...............6,383 ............................ .......................... ..........5.197 ..........5.343 AO...... .............84,451 ...........337,805 01/24/2006. 10/01/2015.<br />
74835W AA 3 QUESTAR GAS CO MTN................................................................... ....... .. .........1 .1FE ..........10,000,000 ......101.327 ..........10,132,700 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.300 ..........6.300 AO...... ...........157,500 ...........630,000 10/03/2001. 10/01/2012.<br />
74835W AB 1 QUESTAR GAS CO MTN................................................................... ....... .. ........... .1FE ............8,985,600 ........95.755 ............8,617,950 ............9,000,000 ............8,993,076 .......................... ...............1,499 ............................ .......................... ..........5.000 ..........5.021 AO...... ...........112,500 ...........450,000 01/21/2003. 01/24/2013.<br />
74835W AC 9 QUESTAR GAS CO MTN................................................................... ....... .. .........1 .1FE ..........10,000,000 ........88.514 ............8,851,400 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.310 ..........5.310 AO...... ...........132,750 ...........531,000 03/20/2003. 03/15/2018.<br />
74835N AJ 4 QUESTAR PIPELINE MTN................................................................. ....... .. ........... .1FE ..........15,000,000 ......103.098 ..........15,464,700 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.090 ..........7.090 JD...... .............88,625 ........1,063,500 05/23/2001. 06/01/2011.
E10.27<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
75405U AA 4 RAS LAFFAN LIQUEFIED NAT GAS C.............................................. ....... .. ........... .1FE ..........48,899,143 ........60.572 ..........29,528,850 ..........48,750,000 ..........48,883,336 .......................... ..............(5,007) ............................ .......................... ..........5.838 ..........5.811 MS..... ...........719,412 ........2,846,025 08/18/2005. 09/30/2027.<br />
75405U AB 2 RAS LAFFAN LIQUEFIED NAT GAS C.............................................. ....... .. ........... .1FE ..........13,030,300 ........74.445 ............9,677,850 ..........13,000,000 ..........13,021,943 .......................... ..............(3,835) ............................ .......................... ..........5.832 ..........5.791 MS..... ...........191,646 ...........758,160 09/25/2006. 09/30/2016.<br />
75405U AD 8 RAS LAFFAN LIQUEFIED NAT GAS C.............................................. ....... .. ........... .1FE ............7,500,000 ........67.189 ............5,039,175 ............7,500,000 ............7,500,000 .......................... .......................... ............................ .......................... ..........6.332 ..........6.332 MS..... ...........120,044 ...........474,900 09/20/2006. 09/30/2027.<br />
75945E A* 0 RELIANCE ENERGY LIMITED SR NT............................................... ....... F ........... .3FE ..........25,000,000 ........66.567 ..........16,641,750 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........6.630 ..........6.630 MN..... ...........188,771 ........1,657,500 11/20/2006. 11/20/2016.<br />
75953G AC 7 RELIANT ENERGY RESOURCES NTS............................................. ....... .. ........... .2FE ............2,491,850 ........95.715 ............2,392,875 ............2,500,000 ............2,497,710 .......................... ...............1,585 ............................ .......................... ..........7.750 ..........7.798 FA...... .............73,194 ...........193,750 02/15/2001. 02/15/2011.<br />
74955D AA 9 RGS (AEGCO) FDG CORP SER E SEC............................................ ....... .. ........... .2FE ............8,008,221 ......116.806 ............9,312,715 ............7,972,805 ............7,988,666 .......................... ..............(2,093) ............................ .......................... ..........9.810 ..........9.761 JD...... .............52,142 ...........782,132 03/24/1995. 12/07/2022.<br />
74955E AA 7 RGS (I&M) FND CRP SER E SEC LE................................................ ....... .. ........... .2FE ..........15,192,685 ......116.806 ..........18,625,431 ..........15,945,611 ..........15,466,760 .......................... .............33,595 ............................ .......................... ..........9.810 ........10.340 JD...... ...........104,284 ........1,564,264 03/22/1990. 12/07/2022.<br />
797440 BG 8 SAN DEIEGO GAS & ELECTRIC 1ST............................................... ....... .. ........... .1FE ............9,980,100 ......102.593 ..........10,259,300 ..........10,000,000 ............9,985,231 .......................... ...............1,737 ............................ .......................... ..........5.300 ..........5.326 MN..... .............67,722 ...........530,000 11/14/2005. 11/15/2015.<br />
797440 BJ 2 SAN DIEGO GAS & ELEC CO FMB................................................... ....... .. ........... .1FE ............4,984,400 ......109.929 ............5,496,450 ............5,000,000 ............4,984,644 .......................... ..................192 ............................ .......................... ..........6.125 ..........6.148 MS..... .............90,174 ...........301,997 09/17/2007. 09/15/2037.<br />
805901 AP 0 SCANA CORP MTN............................................................................ ....... .. ........... .2FE ..........26,346,883 ........98.560 ..........26,024,768 ..........26,405,000 ..........26,387,908 .......................... ...............6,323 ............................ .......................... ..........6.875 ..........6.905 MN..... ...........231,961 ........1,815,344 07/24/2001. 05/15/2011.<br />
805901 AQ 8 SCANA CORP MTN............................................................................ ....... .. ........... .2FE ..........26,983,870 ........95.841 ..........25,877,070 ..........27,000,000 ..........26,994,004 .......................... ...............1,689 ............................ .......................... ..........6.250 ..........6.258 FA...... ...........703,125 ........1,687,500 02/07/2002. 02/01/2012.<br />
816391 AD 8 SELKIRK COGEN FUNDING CORP SER.......................................... ....... .. ........... .2FE ............5,012,487 ......112.352 ............5,136,248 ............4,571,568 ............4,695,650 .......................... ............(66,852) ............................ .......................... ..........8.980 ..........8.023 JD...... ...............5,702 ...........400,540 07/18/1997. 06/26/2012.<br />
81675* AB 0 SEMINOLE ELECTRIC COOPERATIVE............................................ ....... .. ........... .1FE ............9,338,843 ........91.215 ............8,518,426 ............9,338,843 ............9,338,843 .......................... .......................... ............................ .......................... ..........5.570 ..........5.570 JD...... ...............4,335 ...........520,174 12/28/2005. 12/28/2024.<br />
816851 AF 6 SEMPRA ENERGY NT....................................................................... ....... .. .........1 .2FE ..........12,314,680 ........96.005 ..........11,040,575 ..........11,500,000 ..........11,936,892 .......................... ............(94,247) ............................ .......................... ..........6.000 ..........4.961 FA...... ...........287,500 ...........690,000 01/27/2005. 02/01/2013.<br />
816851 AB 5 SEMPRA ENERGY NTS..................................................................... ....... .. ........... .2FE ..........12,813,980 ......101.060 ..........12,632,500 ..........12,500,000 ..........12,564,579 .......................... ............(51,946) ............................ .......................... ..........7.950 ..........7.477 MS..... ...........331,250 ...........993,750 07/01/2004. 03/01/2010.<br />
837004 BJ 8 SOUTH CAROLINA ELEC & GAS CO F............................................ ....... .. ........... .1FE ............2,413,708 ......100.059 ............2,201,298 ............2,200,000 ............2,208,142 .......................... ............(46,976) ............................ .......................... ..........6.125 ..........3.911 MS..... .............44,917 ...........134,750 04/15/2004. 03/01/2009.<br />
837004 CB 4 SOUTH CAROLINA ELEC & GAS CO F............................................ ....... .. ........... .1FE ............4,761,150 ......104.397 ............5,219,850 ............5,000,000 ............4,762,608 .......................... ...............1,458 ............................ .......................... ..........6.050 ..........6.412 JJ....... ...........139,486 ...........152,090 06/18/2008. 01/15/2038.<br />
837004 CC 2 SOUTH CAROLINA ELEC & GAS CO F............................................ ....... .. ........... .1FE ...................4,986 ......111.931 ...................5,597 ...................5,000 ...................4,986 .......................... .......................... ............................ .......................... ..........6.500 ..........6.538 MN..... ....................80 .......................... 09/25/2008. 11/01/2018.<br />
837004 BC 3 SOUTH CAROLINA ELEC & GAS 1ST.............................................. ....... .. ........... .1FE ............9,578,030 ......111.108 ..........10,888,584 ............9,800,000 ............9,712,372 .......................... .............16,068 ............................ .......................... ..........7.125 ..........7.365 JD...... .............31,033 ...........698,250 01/28/1997. 06/15/2013.<br />
83851M AA 5 SOUTH JERSEY GAS CO SER A FMB............................................. ....... .. ........... .2FE ............9,346,000 ......103.989 ..........10,398,900 ..........10,000,000 ............9,864,256 .......................... .............68,186 ............................ .......................... ..........6.120 ..........6.120 MN..... ...........102,000 ...........612,000 10/16/1998. 10/21/2010.<br />
842400 EZ 2 SOUTHERN CAL EDISON CO SER 200............................................ ....... .. ........... .1FE ............4,901,300 ......105.243 ............5,262,150 ............5,000,000 ............4,906,273 .......................... ...............1,438 ............................ .......................... ..........5.550 ..........5.686 JJ....... ...........127,958 ...........277,500 04/05/2005. 01/15/2036.<br />
842400 EB 5 SOUTHERN CALIFORNIA EDISON CO............................................ LS... .. ........... .1FE ..........13,584,006 ......106.488 ..........13,788,066 ..........12,948,000 ..........13,570,675 .......................... ............(13,331) ............................ .......................... ..........6.650 ..........6.228 AO...... ...........215,261 ...........861,042 02/07/2008. 04/01/2029.<br />
842400 ER 0 SOUTHERN CALIFORNIA EDISON CO............................................ ....... .. ........... .1FE ............6,989,080 ......101.789 ............7,125,230 ............7,000,000 ............6,993,830 .......................... ...............1,051 ............................ .......................... ..........5.000 ..........5.020 JJ....... ...........161,389 ...........350,000 01/07/2004. 01/15/2014.<br />
842400 ES 8 SOUTHERN CALIFORNIA EDISON CO............................................ ....... .. ........... .1FE ..........15,477,515 ......111.321 ..........17,254,755 ..........15,500,000 ..........15,479,019 .......................... ..................341 ............................ .......................... ..........6.000 ..........6.010 JJ....... ...........428,833 ...........930,000 01/12/2004. 01/15/2034.<br />
842400 EU 3 SOUTHERN CALIFORNIA EDISON CO............................................ ....... .. ........... .1FE ..........17,688,960 ........99.726 ..........17,950,680 ..........18,000,000 ..........17,775,900 .......................... .............29,643 ............................ .......................... ..........4.650 ..........4.882 AO...... ...........209,250 ...........837,000 03/02/2006. 04/01/2015.<br />
842400 FC 2 SOUTHERN CALIFORNIA EDISON CO............................................ ....... .. ........... .1FE ............9,975,500 ......106.329 ..........10,632,900 ..........10,000,000 ............9,976,502 .......................... ..................362 ............................ .......................... ..........5.625 ..........5.642 FA...... ...........234,375 ...........562,500 01/24/2006. 02/01/2036.<br />
842400 EY 5 SOUTHERN CALIFORNIA EDISON 1ST........................................... ....... .. ........... .1FE ............4,967,950 ......101.179 ............5,058,950 ............5,000,000 ............4,976,542 .......................... ...............2,709 ............................ .......................... ..........5.000 ..........5.081 JJ....... ...........115,278 ...........250,000 10/06/2005. 01/15/2016.<br />
842400 FA 6 SOUTHERN CALIFORNIA EDISON 1ST........................................... ....... .. .........1 .1FE ............9,995,200 ......102.333 ..........10,233,300 ..........10,000,000 ............9,995,783 .......................... ....................71 ............................ .......................... ..........5.350 ..........5.353 JJ....... ...........246,694 ...........535,000 06/20/2005. 07/15/2035.<br />
842434 CH 3 SOUTHERN CALIFORNIA GAS CO FMB.......................................... ....... .. ........... .1FE ............1,996,980 ......104.356 ............2,087,120 ............2,000,000 ............1,997,033 .......................... ....................53 ............................ .......................... ..........5.500 ..........5.535 MS..... .............12,222 .......................... 11/18/2008. 03/15/2014.<br />
842434 CG 5 SOUTHERN CALIFORNIA GAS CO SER.......................................... ....... .. ........... .1FE ..........10,045,150 ......104.386 ..........10,438,600 ..........10,000,000 ..........10,043,315 .......................... .................(688) ............................ .......................... ..........5.750 ..........5.718 MN..... .............73,472 ...........575,000 01/26/2006. 11/15/2035.<br />
842434 CE 0 SOUTHERN CALIFORNIA GAS CO 1ST........................................... ....... .. ........... .1FE ............4,998,550 ......100.985 ............5,049,250 ............5,000,000 ............4,999,608 .......................... ..................180 ............................ .......................... ..........4.375 ..........4.380 JJ....... ...........100,868 ...........218,750 12/10/2003. 01/15/2011.<br />
843452 AY 9 SOUTHERN NATURAL GAS DBS..................................................... ....... .. ........... .2FE ............2,997,090 ........77.728 ............2,331,840 ............3,000,000 ............2,997,378 .......................... ....................46 ............................ .......................... ..........7.350 ..........7.358 FA...... .............83,300 ...........220,500 02/08/2001. 02/15/2031.<br />
843646 AC 4 SOUTHERN POWER CO SR NTS..................................................... ....... .. .........1 .2FE ............5,400,700 ......102.221 ............5,111,050 ............5,000,000 ............5,183,583 .......................... ............(46,174) ............................ .......................... ..........6.250 ..........5.104 JJ....... ...........144,097 ...........312,500 10/07/2003. 07/15/2012.<br />
78462Q AB 5 SP POWERASSETS LTD 144A MTN................................................. ....... .. ........... .1FE ..........32,393,915 ......100.090 ..........32,529,250 ..........32,500,000 ..........32,442,328 .......................... .............10,338 ............................ .......................... ..........5.000 ..........5.042 AO...... ...........311,458 ........1,625,000 10/28/2003. 10/22/2013.<br />
852212 AA 7 SQUARE BUTTE ELECTRIC COOP.................................................. ....... .. ........... .1FE ...............143,020 ......111.559 ...............159,551 ...............143,020 ...............143,020 .......................... .......................... ............................ .......................... ..........6.520 ..........6.520 JJ....... ...............4,662 ...............9,325 05/28/1998. 01/01/2014.<br />
852212 AD 1 SQUARE BUTTE ELECTRIC COOP.................................................. ....... .. ........... .2FE ............1,500,000 ......127.479 ............1,912,185 ............1,500,000 ............1,500,000 .......................... .......................... ............................ .......................... ..........6.790 ..........6.790 JJ....... .............50,925 ...........101,850 05/28/1998. 01/01/2024.<br />
871911 AR 4 SYSTEM ENERGY RES INC FMB..................................................... ....... .. ........... .2FE ..........24,993,500 ........91.304 ..........22,826,000 ..........25,000,000 ..........24,994,952 .......................... ...............1,161 ............................ .......................... ..........6.200 ..........6.209 AO...... ...........387,500 ........1,571,528 09/19/2007. 10/01/2012.<br />
875127 AU 6 TAMPA ELECTRIC CO NT................................................................. ....... .. .........1 .2FE ............5,401,000 ........97.111 ............4,855,550 ............5,000,000 ............5,189,914 .......................... ............(46,451) ............................ .......................... ..........6.375 ..........5.211 FA...... ...........120,417 ...........318,750 12/15/2003. 08/15/2012.<br />
872375 AG 5 TECO ENERGY INC NT..................................................................... ....... .. ........... .2FE ...............997,475 ........91.530 ...............869,535 ...............950,000 ...............973,650 .......................... ..............(6,273) ............................ .......................... ..........7.000 ..........6.158 MN..... .............11,083 .............66,500 10/28/2004. 05/01/2012.<br />
Y85859 AB 5 TENAGA NASIONAL BHD REG S DB............................................... ....... F ........... .2FE ..........14,044,510 ........98.900 ..........11,868,000 ..........12,000,000 ..........13,842,356 .......................... ............(61,924) ............................ .......................... ..........7.500 ..........6.033 MN..... ...........150,000 ...........900,000 08/03/2005. 11/01/2025.<br />
880314 AA 7 TENASKA WASHINGTON PART FMB 14......................................... ....... .. ........... .2FE ............5,038,802 ........95.959 ............4,264,844 ............4,444,444 ............4,586,787 .......................... ..........(106,440) ............................ .......................... ..........6.790 ..........4.911 MS..... .............82,151 ...........301,778 06/25/2003. 09/23/2011.<br />
882389 CC 1 TEXAS EASTERN TRANSMISSION COR......................................... ....... .. .........1 .2FE ............4,623,120 ........92.443 ............4,159,935 ............4,500,000 ............4,615,631 .......................... ..............(1,960) ............................ .......................... ..........7.000 ..........6.780 JJ....... ...........145,250 ...........315,000 05/13/2004. 07/15/2032.<br />
882440 AN 0 TEXAS GAS TRANSMISSION CORP DB.......................................... ....... .. ........... .2FE ............8,111,577 ........86.117 ............7,453,426 ............8,655,000 ............8,178,087 .......................... .............11,138 ............................ .......................... ..........7.250 ..........7.819 JJ....... ...........289,341 ...........627,488 08/30/2001. 07/15/2027.<br />
882850 CM 0 TEXAS UTILITIES ELECTRIC DB...................................................... ....... .. ........... .5FE ............7,179,300 ........79.193 ............5,700,571 ............7,198,327 ............7,143,828 .......................... .............23,204 ............................ .......................... ..........7.460 ..........7.870 JJ....... ...........268,498 ...........537,008 09/04/1996. 01/01/2015.<br />
872592 AB 6 TNB CAP L LTD GTD 144A NT.......................................................... ....... .. ........... .2FE ..........14,857,500 ........88.812 ..........13,321,800 ..........15,000,000 ..........14,900,896 .......................... .............12,732 ............................ .......................... ..........5.250 ..........5.374 MN..... ...........122,500 ...........787,500 04/27/2005. 05/05/2015.<br />
893526 BY 8 TRANS-CANADA PIPELINE LTD DEBS............................................ ....... .. ........... .1FE ..........15,992,880 ......113.533 ..........18,165,280 ..........16,000,000 ..........15,994,730 .......................... ..................213 ............................ .......................... ..........9.875 ..........9.880 JJ....... ...........790,000 ........1,580,000 01/17/1991. 01/01/2021.<br />
89352H AE 9 TRANS-CANADA PIPELINES............................................................ ....... .. ........... .1FE ............7,007,336 ........99.542 ............6,977,894 ............7,010,000 ............7,007,346 .......................... ....................10 ............................ .......................... ..........7.250 ..........7.253 FA...... ...........197,643 .......................... 08/06/2008. 08/15/2038.<br />
89346D AB 3 TRANSALTA CORP NT...................................................................... ....... .. ........... .2FE ............8,324,637 ........82.416 ............6,772,947 ............8,218,000 ............8,279,746 .......................... ............(10,561) ............................ .......................... ..........5.750 ..........5.573 JD...... .............21,002 ...........472,535 04/15/2004. 12/15/2013.<br />
89346D AA 5 TRANSALTA CORP SR NT................................................................ ....... .. ........... .2FE ............5,390,720 ........89.485 ............4,496,621 ............5,025,000 ............5,240,027 .......................... ............(53,713) ............................ .......................... ..........6.750 ..........5.406 JJ....... ...........156,403 ...........339,188 01/11/2006. 07/15/2012.<br />
89346D AC 1 TRANSALTA CORP SR NT................................................................ ....... .. ........... .2FE ..........15,015,840 ........88.798 ..........13,319,700 ..........15,000,000 ..........15,014,858 .......................... .................(983) ............................ .......................... ..........6.650 ..........6.687 MN..... ...........127,458 ...........515,375 08/29/2008. 05/15/2018.<br />
89352L AC 4 TRANSCANADA PIPELINES LTD BD................................................ ....... .. ........... .1FE ............9,967,700 ......100.700 ..........10,070,000 ..........10,000,000 ............9,974,686 .......................... ..................767 ............................ .......................... ..........7.060 ..........7.086 AO...... ...........151,006 ...........706,000 11/07/1997. 10/14/2025.<br />
89352H AC 3 TRANSCANADA PIPELINES LTD JR S............................................. ....... .. 1 3...... .2FE ...................2,675 ........44.699 ...................2,235 ...................5,000 ...................2,675 .......................... .......................... ............................ .......................... ..........6.350 ........11.881 MN..... ....................41 ..................159 11/07/2008. 05/15/2067.<br />
89352H AA 7 TRANSCANADA PIPELINES LTD NT................................................ ....... .. ........... .1FE ............4,987,514 ........91.798 ............4,612,850 ............5,025,000 ............5,005,037 .......................... ...............3,470 ............................ .......................... ..........4.000 ..........4.098 JD...... ...............8,933 ...........200,500 12/08/2008. 06/15/2013.
E10.28<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
89352H AB 5 TRANSCANADA PIPELINES LTD SR N............................................ ....... .. ........... .1FE ............9,805,969 ........85.055 ............8,514,006 ..........10,010,000 ............9,811,143 .......................... ...............2,828 ............................ .......................... ..........5.850 ..........5.998 MS..... ...........172,422 ...........585,000 12/08/2008. 03/15/2036.<br />
89352H AD 1 TRANSCANADA PIPELINES LTD SR N............................................ ....... .. ........... .1FE ..........11,064,692 ........86.864 ............9,641,904 ..........11,100,000 ..........11,065,225 .......................... ..................428 ............................ .......................... ..........6.200 ..........6.223 AO...... ...........145,287 ...........707,317 01/08/2008. 10/15/2037.<br />
893532 AC 5 TRANSCO ENERGY CO DEB............................................................ ....... .. ........... .2FE ............2,267,745 ........92.000 ............1,565,840 ............1,702,000 ............2,093,361 .......................... ............(21,785) ............................ .......................... ..........9.875 ..........6.933 JD...... ...............7,470 ...........168,073 01/01/1998. 06/15/2020.<br />
893570 BR 1 TRANSCONTINENTAL GAS PIPE LINE............................................ ....... .. .........1 .2FE ............7,978,800 ........98.140 ............7,851,200 ............8,000,000 ............7,992,840 .......................... ...............2,403 ............................ .......................... ..........7.000 ..........7.038 FA...... ...........211,556 ...........560,000 08/22/2001. 08/15/2011.<br />
893570 BY 6 TRANSCONTINENTAL GAS PIPELINE............................................. ....... .. ........... .2FE ............6,370,190 ........87.241 ............5,535,441 ............6,345,000 ............6,369,065 .......................... ..............(1,125) ............................ .......................... ..........6.050 ..........5.996 JD...... .............17,061 ...........216,461 05/20/2008. 06/15/2018.<br />
89365Q AA 2 TRANSGAS DE OCCIDENTE S A SR S............................................ ....... F ........... .3FE ............1,924,446 ........96.983 ............1,659,573 ............1,711,200 ............1,713,831 .......................... ..............(4,372) ............................ .......................... ..........9.790 ..........9.517 MN..... .............27,921 ...........167,526 12/29/2000. 11/01/2010.<br />
89407# AA 6 TRANSWESTERN PIPELINE SER A SR........................................... ....... .. ........... ......2 ..........27,000,000 ........93.014 ..........25,113,780 ..........27,000,000 ..........27,000,000 .......................... .......................... ............................ .......................... ..........5.390 ..........5.390 MN..... ...........177,870 ........1,455,300 11/17/2004. 11/17/2014.<br />
89566E AA 6 TRI STATE GENTN & TRANS ASSN I............................................... ....... .. ........... .1FE ..........24,961,647 ........79.000 ..........19,013,467 ..........24,067,680 ..........24,501,814 .......................... ............(83,590) ............................ .......................... ..........6.040 ..........5.578 JJ....... ...........609,741 ........1,453,688 07/19/2004. 01/31/2018.<br />
89566E AB 4 TRISTATE GEN & TRANS ASSN SER.............................................. ....... .. ........... .1FE ..........24,003,758 ........79.000 ..........17,178,550 ..........21,745,000 ..........23,716,441 .......................... ............(71,166) ............................ .......................... ..........7.144 ..........6.235 JJ....... ...........651,591 ........1,553,463 03/01/2005. 07/31/2033.<br />
90073@ AA 9 TUSCARORA GAS TRANSMISSION SR........................................... ....... .. ........... ......2 ..........10,916,957 ........99.931 ..........10,896,876 ..........10,904,400 ..........10,904,400 .......................... .................(174) ............................ .......................... ..........7.130 ..........7.032 JD...... .............21,597 ...........777,484 04/23/2004. 12/21/2010.<br />
912920 AL 9 U S WEST COMMUN DEBS............................................................... ....... .. .........1 .2FE ............4,385,533 ........64.500 ............3,031,500 ............4,700,000 ............4,432,508 .......................... ...............6,746 ............................ .......................... ..........7.200 ..........7.639 MN..... .............47,940 ...........338,400 03/29/1996. 11/10/2026.<br />
912920 AB 1 U S WEST COMMUNICATIONS INC DE........................................... ....... .. .........1 .2FE ............2,212,500 ........70.000 ............1,750,000 ............2,500,000 ............2,236,731 .......................... ...............8,782 ............................ .......................... ..........7.500 ..........8.575 JD...... ...............8,333 ...........187,500 11/09/1993. 06/15/2023.<br />
912920 AC 9 U S WEST COMMUNICATIONS SERVIC.......................................... ....... .. .........1 .2FE ..........11,571,278 ........59.500 ............7,735,000 ..........13,000,000 ..........11,672,275 .......................... .............17,352 ............................ .......................... ..........6.875 ..........7.177 MS..... ...........263,160 ...........893,750 09/21/1993. 09/15/2033.<br />
902691 AD 6 UGI UTILITIES INC NT........................................................................ ....... .. ........... .1FE ............8,600,000 ........94.652 ............8,140,072 ............8,600,000 ............8,600,000 .......................... .......................... ............................ .......................... ..........5.753 ..........5.753 MS..... ...........125,064 ...........494,758 09/12/2006. 09/30/2016.<br />
906548 CF 7 UNION ELECTRIC CO FMB............................................................... ....... .. ........... .2FE ..........13,990,974 ........88.292 ..........12,449,172 ..........14,100,000 ..........13,996,888 .......................... ...............5,915 ............................ .......................... ..........6.000 ..........6.041 AO...... ...........211,500 ...........406,550 04/01/2008. 04/01/2018.<br />
02360F AB 2 UNION ELECTRIC CO NTS................................................................ ....... .. ........... .2FE ..........14,824,850 ........67.891 ..........10,183,650 ..........15,000,000 ..........14,832,884 .......................... ...............2,394 ............................ .......................... ..........5.300 ..........5.377 FA...... ...........331,250 ...........795,000 08/09/2005. 08/01/2037.<br />
906548 CB 6 UNION ELECTRIC CO SR SEC NTS................................................. ....... .. ........... .2FE ............9,980,300 ........91.230 ............9,123,000 ..........10,000,000 ............9,989,451 .......................... ...............1,940 ............................ .......................... ..........4.650 ..........4.675 AO...... ...........116,250 ...........465,000 10/02/2003. 10/01/2013.<br />
906548 CA 8 UNION ELECTRIC CO SR SECD NT................................................. ....... .. ........... .2FE ............7,708,560 ........81.146 ............6,491,680 ............8,000,000 ............7,727,582 .......................... .............19,022 ............................ .......................... ..........5.100 ..........5.563 FA...... ...........170,000 ...........204,000 01/31/2008. 08/01/2018.<br />
906548 CE 0 UNION ELECTRIC CO SR SECD NT................................................. ....... .. ........... .2FE ............3,717,680 ........91.165 ............3,646,600 ............4,000,000 ............3,717,747 .......................... ....................67 ............................ .......................... ..........6.400 ..........7.543 JD...... .............11,378 .......................... 12/23/2008. 06/15/2017.<br />
906548 CG 5 UNION ELECTRIC CO SR SECD NT................................................. ....... .. ........... .2FE .................20,361 ........91.118 .................18,224 .................20,000 .................20,354 .......................... .....................(7) ............................ .......................... ..........6.700 ..........6.455 FA...... ..................715 .......................... 09/16/2008. 02/01/2019.<br />
906548 BX 9 UNION ELECTRIC CO 1ST MTG....................................................... ....... .. .........1 .2FE ............4,994,150 ........94.906 ............4,745,300 ............5,000,000 ............4,997,539 .......................... ..................593 ............................ .......................... ..........5.250 ..........5.265 MS..... .............87,500 ...........262,500 08/15/2002. 09/01/2012.<br />
906548 CC 4 UNION ELECTRIC CO 1ST MTG....................................................... ....... .. .........1 .2FE ..........14,948,850 ........93.807 ..........14,071,050 ..........15,000,000 ..........14,969,018 .......................... ...............4,825 ............................ .......................... ..........5.500 ..........5.545 MN..... ...........105,417 ...........825,000 05/13/2004. 05/15/2014.<br />
91020Q AA 5 UNITED ENERGY DISTR PTY LTD GT............................................. ....... .. ........... .2FE ..........21,052,690 ......105.027 ..........22,055,670 ..........21,000,000 ..........21,018,087 .......................... ..............(7,344) ............................ .......................... ..........4.700 ..........4.660 AO...... ...........208,367 ...........987,000 11/13/2003. 04/15/2011.<br />
91020Q AB 3 UNITED ENERGY DISTR PTY LTD GT............................................. ....... .. ........... .2FE ..........15,969,440 ......113.661 ..........18,185,760 ..........16,000,000 ..........15,979,267 .......................... ...............2,259 ............................ .......................... ..........5.450 ..........5.472 AO...... ...........184,089 ...........872,000 11/12/2003. 04/15/2016.<br />
910637 M* 5 UNITED ILLUMINATING CO SER B S............................................... ....... .. ........... ......2 ............3,000,000 ........99.199 ............2,975,970 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........4.890 ..........4.890 JD...... ...............7,743 ...........146,700 12/12/2002. 12/12/2009.<br />
913026 AS 9 UNITED TEL FLA 1ST MTG............................................................... ....... .. ........... .2FE ..........14,101,202 ........84.500 ..........11,673,675 ..........13,815,000 ..........13,916,073 .......................... ............(18,483) ............................ .......................... ..........6.875 ..........6.684 JJ....... ...........437,955 ...........949,781 11/08/1993. 07/15/2013.<br />
91311Q AD 7 UNITED UTILITIES PLC BDS............................................................. ....... .. ........... .2FE ..........11,156,348 ........75.489 ............9,896,608 ..........13,110,000 ..........11,625,098 .......................... ...........112,694 ............................ .......................... ..........4.550 ..........6.146 JD...... .............19,884 ...........596,505 05/14/2004. 06/19/2018.<br />
92240@ AD 7 VECTREN SR NTS............................................................................. ....... .. ........... ......1 ............3,000,000 ........99.436 ............2,983,080 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........4.990 ..........4.990 JD...... ...............6,653 ...........149,700 12/15/2005. 12/15/2010.<br />
92239M AC 5 VECTREN UTILITY HLDGS INC SR N............................................... ....... .. ........... .2FE ..........17,585,776 ......100.195 ..........17,433,930 ..........17,400,000 ..........17,517,431 .......................... ............(36,594) ............................ .......................... ..........6.625 ..........6.364 JD...... .............96,063 ........1,152,750 01/10/2006. 12/01/2011.<br />
92239M AD 3 VECTREN UTILITY HLDGS SR NT.................................................... ....... .. ........... .2FE ............1,994,920 ........95.512 ............1,910,240 ............2,000,000 ............1,997,342 .......................... ..................500 ............................ .......................... ..........5.250 ..........5.283 FA...... .............43,750 ...........105,000 07/24/2003. 08/01/2013.<br />
92344R AB 8 VERIZON NEW ENGLAND INC DEBS............................................... LS... .. .........1 .1FE ............6,950,230 ........88.657 ............6,205,990 ............7,000,000 ............6,970,325 .......................... ...............5,428 ............................ .......................... ..........4.750 ..........4.852 AO...... .............83,125 ...........332,500 02/09/2005. 10/01/2013.<br />
92428F AB 3 VERMONT TRANSCO LLC SER R FMB........................................... ....... .. ........... ......1 ..........19,000,000 ........73.925 ..........14,045,750 ..........19,000,000 ..........19,000,000 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 JAJO.. ...........273,125 ........1,092,500 03/21/2007. 04/01/2037.<br />
927804 FD 1 VIRGINIA ELECTRIC & POWER CO S.............................................. ....... .. ........... .1FE ...................9,381 ........97.762 ...................9,776 .................10,000 ...................9,388 .......................... ......................7 ............................ .......................... ..........5.100 ..........6.904 MN..... ....................44 .......................... 12/09/2008. 11/30/2012.<br />
927804 FF 6 VIRGINIA ELECTRIC & POWER CO S.............................................. ....... .. ........... .1FE ............2,498,200 ........96.794 ............2,419,850 ............2,500,000 ............2,498,297 .......................... ....................97 ............................ .......................... ..........5.400 ..........5.409 AO...... .............22,875 .............72,375 04/14/2008. 04/30/2018.<br />
93936K BF 5 WASH NAT GAS (PUGET SND ENERG).......................................... ....... .. ........... .2FE ............2,000,000 ......107.444 ............2,148,880 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........7.360 ..........7.360 JD...... ...............6,542 ...........147,200 09/06/1995. 09/15/2015.<br />
93884P DG 2 WASHINGTON GAS LIGHT CO MTN................................................ ....... .. .........1 .1FE ..........10,000,000 ........99.888 ............9,988,800 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 MS..... ...........176,667 ...........600,000 02/22/2002. 02/27/2012.<br />
93884P CV 0 WASHINGTON GAS LIGHT CO MTN D............................................. ....... .. .........1 .1FE ..........13,981,805 ........94.466 ..........13,697,570 ..........14,500,000 ..........14,079,885 .......................... .............16,856 ............................ .......................... ..........6.650 ..........6.976 MS..... ...........283,918 ...........964,250 05/15/2002. 03/20/2023.<br />
93884P DF 4 WASHINGTON GAS LIGHT CO MTN SE.......................................... ....... .. ........... .1FE ..........10,000,000 ......100.130 ..........10,013,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 MS..... ...........176,667 ...........600,000 10/16/2001. 10/19/2011.<br />
93884P DJ 6 WASHINGTON GAS LIGHT CO MTN SE.......................................... ....... .. .........1 .1FE ..........10,000,000 ........92.278 ............9,227,800 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.170 ..........5.170 MS..... ...........152,228 ...........517,000 09/05/2002. 09/10/2014.<br />
94068V AV 5 WASHINGTON WATER POWER MTN.............................................. ....... .. ........... .2FE ............5,315,815 ......100.280 ............5,014,000 ............5,000,000 ............5,228,418 .......................... ..............(9,048) ............................ .......................... ..........7.180 ..........6.975 MN..... .............59,833 ...........359,000 10/01/1993. 08/11/2023.<br />
94068V BU 6 WASHINGTON WATER POWER MTN 1ST...................................... ....... .. ........... .2FE ............4,598,850 ......102.046 ............5,102,300 ............5,000,000 ............4,919,728 .......................... .............48,374 ............................ .......................... ..........6.900 ..........8.059 JJ....... ...........172,500 ...........345,000 02/24/2000. 07/01/2010.<br />
94016# AA 9 WASHINGTON 10 GAS HOLDINGS INC........................................... ....... .. .........3 ......2 ............9,400,237 ........86.641 ............8,144,459 ............9,400,237 ............9,400,237 .......................... .......................... ............................ .......................... ..........7.238 ..........7.565 MJSD. ...............1,890 ...........680,389 06/30/1999. 06/30/2029.<br />
955278 BG 0 WEST PENN POWER CO 144A FMB................................................ ....... .. ........... .2FE ..........27,891,360 ........86.003 ..........24,080,840 ..........28,000,000 ..........27,911,719 .......................... ...............8,927 ............................ .......................... ..........5.875 ..........5.927 FA...... ...........621,444 ........1,645,000 08/09/2006. 08/15/2016.<br />
958587 BD 8 WESTERN MASS ELECTRIC NTS.................................................... ....... .. .........1 .2FE ...............994,020 ........95.217 ...............952,170 ............1,000,000 ...............996,795 .......................... ..................594 ............................ .......................... ..........5.000 ..........5.077 MS..... .............16,667 .............50,000 09/25/2003. 09/01/2013.<br />
96432W AA 3 WHITE PINE HYDRO LLC OPCO SR S............................................. ....... .. ........... ......2 ..........14,027,000 ........91.262 ..........12,776,680 ..........14,000,000 ..........14,023,891 .......................... ..............(2,068) ............................ .......................... ..........6.310 ..........6.310 JJ....... ...........419,615 ...........883,400 06/20/2007. 07/10/2017.<br />
97180* SW 9 WILMINGTON TRUST (CONS PWR CO).......................................... ....... .. ........... ......2 ............1,945,112 ......102.095 ............1,974,166 ............1,933,655 ............1,929,843 .......................... ...............3,575 ............................ .......................... ..........7.990 ..........8.149 JJ....... .............76,820 ...........154,499 10/15/1996. 07/02/2011.<br />
97180* UR 7 WILMINGTON/TUCSON ELEC SER C-1........................................... ....... .. ........... ......3 ............1,955,854 ......101.122 ............1,991,490 ............1,969,394 ............1,966,105 .......................... ...............1,381 ............................ .......................... ........10.732 ........10.827 JJ....... ...........105,682 ...........211,363 12/29/2000. 01/01/2012.<br />
97180* US 5 WILMINGTON/TUCSON ELEC SER C-2........................................... ....... .. ........... ......3 ............1,270,202 ......101.010 ............1,291,913 ............1,278,995 ............1,276,394 .......................... ..................833 ............................ .......................... ........10.732 ........10.826 JJ....... .............68,633 ...........137,267 12/29/2000. 01/01/2013.<br />
97180* UT 3 WILMINGTON/TUCSON ELEC SER C-3........................................... ....... .. ........... ......3 ...............654,067 ......101.088 ...............665,760 ...............658,595 ...............657,449 .......................... ..................455 ............................ .......................... ........10.732 ........10.827 JJ....... .............35,341 .............70,683 12/29/2000. 01/01/2012.<br />
97180* UU 0 WILMINGTON/TUCSON ELEC SER C-4........................................... ....... .. ........... ......3 ............1,258,146 ......100.914 ............1,278,435 ............1,266,856 ............1,263,943 .......................... ..................780 ............................ .......................... ........10.732 ........10.825 JJ....... .............67,982 ...........135,964 12/29/2000. 01/01/2013.<br />
97180* UV 8 WILMINGTON/TUCSON ELEC SER C-5........................................... ....... .. ........... ......3 ............1,887,220 ......100.888 ............1,917,159 ............1,900,284 ............1,895,795 .......................... ...............1,153 ............................ .......................... ........10.732 ........10.824 JJ....... ...........101,973 ...........203,946 12/29/2000. 01/01/2013.<br />
97180* UW 6 WILMINGTON/TUCSON ELEC SER C-6........................................... ....... .. ........... ......3 ............6,269,027 ......101.327 ............6,396,191 ............6,312,425 ............6,304,399 .......................... ...............4,766 ............................ .......................... ........10.732 ........10.829 JJ....... ...........338,737 ...........677,474 12/29/2000. 01/01/2011.<br />
97180* UX 4 WILMINGTON/TUCSON ELEC SER C-7........................................... ....... .. ........... ......3 ............2,451,328 ......100.974 ............2,492,339 ............2,468,298 ............2,462,984 .......................... ...............1,568 ............................ .......................... ........10.732 ........10.825 JJ....... ...........132,454 ...........264,907 12/29/2000. 01/01/2013.
E10.29<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
976656 BW 7 WISCONSIN ELEC PWR CO NT........................................................ ....... .. ........... .1FE ............5,045,460 ........92.967 ............4,648,350 ............5,000,000 ............5,041,520 .......................... .................(789) ............................ .......................... ..........5.625 ..........5.562 MN..... .............35,938 ...........281,250 05/01/2003. 05/15/2033.<br />
976656 BP 2 WISCONSIN ELECTRIC POWER SR NT.......................................... ....... .. ........... .1FE ............1,986,180 ......103.500 ............2,070,000 ............2,000,000 ............1,988,011 .......................... ..................300 ............................ .......................... ..........6.500 ..........6.555 JD...... .............10,833 ...........130,000 07/11/2002. 06/01/2028.<br />
976657 AC 0 WISCONSIN ENERGY CORP SR NT................................................ ....... .. ........... .1FE ..........31,711,505 ......103.454 ..........31,605,197 ..........30,550,000 ..........30,909,035 .......................... ..........(145,556) ............................ .......................... ..........6.500 ..........5.933 AO...... ...........496,438 ........1,985,750 08/28/2002. 04/01/2011.<br />
97670M AA 4 WISCONSIN GAS CO LLC DB........................................................... ....... .. ........... .1FE ............1,995,180 ........93.252 ............1,865,040 ............2,000,000 ............1,995,391 .......................... ....................69 ............................ .......................... ..........5.900 ..........5.917 JD...... ...............9,833 ...........118,000 11/15/2005. 12/01/2035.<br />
976707 AN 9 WISCONSIN GAS COMPANY BDS................................................... ....... .. .........1 .1FE ............4,987,750 ........96.755 ............4,837,750 ............5,000,000 ............4,991,973 .......................... ..................941 ............................ .......................... ..........5.200 ..........5.228 JD...... .............21,667 ...........260,000 12/03/2003. 12/01/2015.<br />
97672* AD 5 WISCONSIN MICHIGAN INV CORP 14............................................. ....... .. ........... .1FE ..........15,179,663 ........80.157 ..........12,023,550 ..........15,000,000 ..........15,085,459 .......................... ............(14,349) ............................ .......................... ..........6.510 ..........6.373 JD...... .............43,400 ...........976,500 12/29/2000. 12/09/2013.<br />
92931D AE 2 WPD HOLDINGS 144A W/O RTS....................................................... ....... .. ........... .2FE ..........21,983,940 ........79.012 ..........17,382,640 ..........22,000,000 ..........21,986,494 .......................... ..................272 ............................ .......................... ..........7.375 ..........7.381 JD...... .............72,111 ........1,622,500 12/16/1998. 12/15/2028.<br />
98388M AA 5 XCEL ENERGY INC SR NT................................................................ ....... .. ........... .2FE ............2,617,050 ......103.097 ............2,577,425 ............2,500,000 ............2,530,763 .......................... ............(14,631) ............................ .......................... ..........7.000 ..........6.309 JD...... .............14,583 ...........175,000 12/04/2001. 12/01/2010.<br />
3299999. Public Utilities (Unaffiliated) - Issuer Obligations....................................................................................... .....4,974,947,326 ....XXX....... .....4,649,999,586 .....4,947,811,050 .....4,957,416,013 ......................0 .......(2,969,900) .........................0 .....(33,194,273) ....XXX....... ....XXX....... .XXX... ......79,474,886 ....295,366,458 .....XXX....... .....XXX.......<br />
3899999. Total - Public Utilities (Unaffiliated)............................................................................................................ .....4,974,947,326 ....XXX....... .....4,649,999,586 .....4,947,811,050 .....4,957,416,013 ......................0 .......(2,969,900) .........................0 .....(33,194,273) ....XXX....... ....XXX....... .XXX... ......79,474,886 ....295,366,458 .....XXX....... .....XXX.......<br />
Industrial & Miscellaneous (Unaffiliated) - Issuer Obligations<br />
002819 AB 6 ABBOTT LABORATORIES NT........................................................... ....... .. ........... .1FE ..........20,936,790 ......108.218 ..........22,725,780 ..........21,000,000 ..........20,942,318 .......................... ...............4,861 ............................ .......................... ..........5.600 ..........5.639 MN..... ...........101,267 ........1,244,600 11/06/2007. 11/30/2017.<br />
002824 AS 9 ABBOTT LABORATORIES NT........................................................... ....... .. ........... .1FE ............1,490,045 ......105.585 ............1,583,775 ............1,500,000 ............1,494,778 .......................... ...............1,997 ............................ .......................... ..........5.600 ..........5.757 MN..... .............10,733 .............84,000 07/06/2006. 05/15/2011.<br />
002824 AT 7 ABBOTT LABORATORIES NT........................................................... ....... .. .........3 .1FE ............3,816,812 ......108.307 ............4,115,666 ............3,800,000 ............3,814,129 .......................... ..............(1,517) ............................ .......................... ..........5.875 ..........5.564 MN..... .............28,526 ...........223,250 10/24/2006. 05/15/2016.<br />
002824 AQ 3 ABBOTT LABORATORIES NTS......................................................... ....... .. .........1 .1FE ............3,994,880 ......100.318 ............4,012,720 ............4,000,000 ............3,997,051 .......................... ..................494 ............................ .......................... ..........4.350 ..........4.366 MS..... .............51,233 ...........174,000 03/11/2004. 03/15/2014.<br />
N0021# AB 2 ABERTIS INFRAESTRUCTURAS FIN S............................................ ....... F ........... ......1 ..........37,500,000 ........99.211 ..........37,700,180 ..........38,000,000 ..........37,545,959 .......................... .............45,959 ............................ .......................... ..........4.910 ..........5.143 JD...... .............51,828 ........1,865,800 03/04/2008. 12/21/2014.<br />
003669 AF 5 ABITIBI-CONSOLIDATED INC NTS................................................... ....... I. .........1 .5FE ...............188,443 ..........9.000 .................22,500 ...............250,000 ...............207,967 .......................... .............12,967 ............................ .......................... ..........7.750 ..........7.562 JD...... ..................861 .............19,375 06/18/2004. 06/15/2011.<br />
003708 AB 0 ABLE EMPIRE GROUP LP NTS (GSA-............................................. ....... .. ........... .1FE ............5,153,843 ......105.300 ............5,426,997 ............5,153,843 ............5,153,843 .......................... .......................... ............................ .......................... ..........7.260 ..........7.260 JD...... .............16,630 ...........374,169 03/22/1996. 06/15/2011.<br />
00077T AB 0 ABN AMRO BANK NV NY SB DP NT................................................. ....... .. ........... .1FE ............6,140,830 ........82.080 ............5,745,600 ............7,000,000 ............6,141,464 .......................... ....................76 ............................ .......................... ..........7.125 ..........8.121 AO...... ...........105,292 ...........498,750 09/05/1996. 10/15/2093.<br />
00080Q AB 1 ABN AMRO BK NV.............................................................................. ....... .. ........... .1FE ............1,987,820 ........81.135 ............1,622,700 ............2,000,000 ............1,991,393 .......................... ..................711 ............................ .......................... ..........4.650 ..........4.707 JD...... ...............6,975 .............93,000 05/28/2003. 06/04/2018.<br />
00080# AA 7 ABSF II CBO STATUTORY TR 97-A.................................................. ....... .. ........... ......6 ...............854,888 ........64.830 ...............554,224 ...............854,888 ...............554,224 ..........(300,663) .......................... ............................ .......................... ..........6.690 ........10.319 MON.. ...............6,950 ...............5,390 12/29/1999. 02/25/2030.<br />
00080# AB 5 ABSF II CBO STATUTORY TR 97-A.................................................. ....... .. ........... ......6 ............................. ................... ............................. ...............335,947 ............................. .......................... ......................3 ............................ .......................... ..........7.510 ........77.704 MON.. .......................... .......................... 04/07/1999. 02/25/2030.<br />
00080# AE 9 ABSF II CBO STATUTORY TR 97-A.................................................. ....... .. ........... ......6 ............................. ................... ............................. ............1,797,903 ............................. .......................... ......................6 ............................ .......................... ........10.160 ........67.555 MON.. .......................... .......................... 04/07/1999. 02/25/2030.<br />
00440E AH 0 ACE INA HLDG INC GTD SR NT........................................................ LS... .. ........... .1FE ..........25,398,670 ........87.623 ..........22,343,865 ..........25,500,000 ..........25,401,698 .......................... ...............1,224 ............................ .......................... ..........6.700 ..........6.731 MN..... ...........218,308 ........1,708,500 05/08/2006. 05/15/2036.<br />
N0060# AB 4 ADIDAS INTL FIN BV SER B SR NT.................................................. ....... F ........... ......2 ..........13,166,010 ........98.654 ..........12,825,020 ..........13,000,000 ..........13,125,787 .......................... ............(40,223) ............................ .......................... ..........5.250 ..........4.750 JJ....... ...........297,646 ...........341,250 03/19/2008. 01/24/2011.<br />
N0060# AC 2 ADIDAS INTL FIN BV SER C SR NT.................................................. ....... F ........... ......2 ..........26,000,000 ........96.304 ..........25,039,040 ..........26,000,000 ..........26,000,000 .......................... .......................... ............................ .......................... ..........5.340 ..........5.340 JJ....... ...........605,497 ........1,388,400 01/24/2006. 01/24/2013.<br />
00786W AB 5 AEROQUIP VICKERS INC MTN1....................................................... ....... .. ........... .1FE ..........10,504,300 ......104.669 ..........10,466,900 ..........10,000,000 ..........10,174,298 .......................... ............(43,493) ............................ .......................... ..........7.580 ..........7.000 MN..... ...........126,333 ...........758,000 10/13/1998. 06/06/2012.<br />
00104C AA 6 AES CORP SR NT.............................................................................. LS... .. .........1 .3FE ............1,256,169 ........95.000 ............1,306,250 ............1,375,000 ............1,338,458 .......................... .............17,203 ............................ .......................... ..........9.375 ........11.082 MS..... .............37,956 ...........128,906 12/07/2005. 09/15/2010.<br />
00103X AC 7 AES IRONWOOD LLC........................................................................ ....... .. ........... .4FE ...............814,682 ........87.000 ...............735,323 ...............845,199 ...............838,579 .......................... .............13,068 ............................ .......................... ..........8.857 ..........9.325 FMAN. ...............6,446 .............75,057 10/29/1999. 11/30/2025.<br />
00103Y AE 1 AES RED OAK LLC SER A SR SEC N.............................................. ....... .. ........... .4FE ............8,202,322 ........88.000 ............7,218,043 ............8,202,322 ............8,202,322 .......................... .......................... ............................ .......................... ..........8.540 ..........8.538 FMAN. .............60,319 ...........700,478 03/10/2000. 11/30/2019.<br />
008117 AG 8 AETNA INC DB.................................................................................... ....... .. ........... .1FE ..........16,617,516 ......100.316 ..........20,414,306 ..........20,350,000 ..........17,407,647 .......................... .............94,051 ............................ .......................... ..........7.250 ..........9.050 FA...... ...........557,364 ........1,475,375 04/11/1995. 08/15/2023.<br />
008117 AH 6 AETNA INC GTD BD........................................................................... ....... .. ........... .1FE ...............990,710 ......103.790 ............1,037,900 ............1,000,000 ...............992,370 .......................... ..................199 ............................ .......................... ..........7.625 ..........7.705 FA...... .............28,806 .............76,250 08/14/1996. 08/15/2026.<br />
008117 AD 5 AETNA SERVICES INC DEBS........................................................... ....... .. ........... .1FE ............3,119,165 ......103.791 ............3,632,685 ............3,500,000 ............3,346,828 .......................... .............25,955 ............................ .......................... ..........6.750 ..........7.883 MS..... .............69,563 ...........236,250 06/01/1995. 09/15/2013.<br />
00104P AC 3 AFC CAPITAL TRUST CO GUARNT.................................................. LS... .. ........... .3FE ............2,700,000 ........46.000 ............1,242,000 ............2,700,000 ............2,700,000 .......................... .......................... ............................ .......................... ..........8.207 ..........8.207 FA...... .............83,711 ...........221,589 01/29/1997. 02/03/2027.<br />
008272 A* 7 AFFIRMATIVE INSURANCE HLDGS IN............................................ ....... .. .......23 .4FE ............3,792,579 ........50.000 ............1,881,575 ............3,763,150 ............3,787,579 .......................... ............(16,937) ............................ .......................... ..........5.881 ..........8.718 MON.. .............36,887 ...........266,765 06/29/2007. 12/30/2014.<br />
00855L AB 5 AGUA CALIENTE BAND CAHUILLA IN............................................. ....... .. .........1 .2FE ............7,035,000 ........81.073 ............5,675,110 ............7,000,000 ............7,031,614 .......................... ..............(2,285) ............................ .......................... ..........6.850 ..........6.850 AO...... ...........119,875 ...........479,736 05/31/2007. 10/01/2021.<br />
008548 AE 9 AGUA CALIENTE BAND CAHUILLA SE............................................ ....... .. ........... .2FE ...............825,000 ........89.564 ...............738,903 ...............825,000 ...............825,000 .......................... .......................... ............................ .......................... ..........6.080 ..........6.080 AO...... .............12,540 .............50,160 11/01/2006. 10/01/2016.<br />
008548 AF 6 AGUA CALIENTE BAND CAHUILLA SE............................................ ....... .. .........1 .2FE ............4,048,960 ........78.875 ............3,155,000 ............4,000,000 ............4,042,620 .......................... ..............(3,151) ............................ .......................... ..........6.510 ..........6.369 AO...... .............65,100 ...........260,400 11/28/2006. 10/01/2021.<br />
00855L AC 3 AGUA CALIENTE BAND CAHUILLA SE............................................ ....... .. ........... ......2 ............4,000,000 ........93.844 ............3,753,760 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........6.350 ..........6.350 AO...... .............63,500 ...........161,572 02/07/2008. 10/01/2015.<br />
008685 AC 3 AHOLD FINANCE USA INC GTD NT................................................. ....... .. .........1 .2FE ..........19,654,295 ........99.458 ..........19,394,310 ..........19,500,000 ..........19,532,678 .......................... ............(22,091) ............................ .......................... ..........8.250 ..........8.132 JJ....... ...........741,813 ........1,608,750 08/25/2000. 07/15/2010.<br />
008686 AA 5 AHOLD LEASE USA INC GTD SER A-.............................................. ....... .. ........... .2FE ..........23,495,397 ......104.267 ..........24,109,233 ..........23,122,592 ..........23,478,768 .......................... ............(48,472) ............................ .......................... ..........7.820 ..........7.634 JJ....... ...........899,071 ........1,808,186 07/29/2002. 01/02/2020.<br />
00873N AA 1 AIFUL CORP SR 144A NT.................................................................. ....... .. ........... .2FE ..........20,675,038 ........61.302 ..........12,750,816 ..........20,800,000 ..........20,767,963 .......................... .............26,877 ............................ .......................... ..........4.450 ..........4.591 FA...... ...........347,100 ...........925,600 04/05/2005. 02/16/2010.<br />
00873N AC 7 AIFUL CORP SR 144A NT.................................................................. ....... .. ........... .2FE ............9,960,300 ........54.980 ............5,498,000 ..........10,000,000 ............9,986,103 .......................... ...............8,076 ............................ .......................... ..........5.000 ..........5.091 FA...... ...........195,833 ...........500,000 08/03/2005. 08/10/2010.<br />
00139P AA 6 AIG SUNAMERICA GLOB FIN X BOND............................................ ....... .. ........... .1FE ............9,597,330 ........65.816 ............5,923,440 ............9,000,000 ............9,555,942 .......................... ............(10,260) ............................ .......................... ..........6.900 ..........6.387 MS..... ...........182,850 ...........621,000 05/13/2004. 03/15/2032.<br />
009163 AA 4 AIR PRODUCTS & CHEMICALS INC S............................................. ....... .. ........... .1FE ............7,985,760 ........96.013 ............7,681,040 ............8,000,000 ............7,988,117 .......................... ...............2,357 ............................ .......................... ..........4.150 ..........4.190 FA...... ...........138,333 ...........161,389 02/01/2008. 02/01/2013.<br />
00915X BZ 3 AIR PRODUCTS & CHEMICALS MTN............................................... ....... .. ........... .1FE ..........18,378,264 ......100.057 ..........19,911,343 ..........19,900,000 ..........19,683,377 .......................... ...........193,077 ............................ .......................... ..........6.240 ..........7.352 JD...... .............55,189 ........1,241,760 01/11/2000. 01/13/2010.<br />
00915X CB 5 AIR PRODUCTS & CHEMICALS NTS................................................ ....... .. .........1 .1FE ...............997,210 ........98.943 ...............989,430 ............1,000,000 ...............999,162 .......................... ..................411 ............................ .......................... ..........4.125 ..........4.171 JD...... ...............3,438 .............41,250 11/14/2003. 12/01/2010.<br />
009344 A* 3 AIRCRAFT INDEBTEDNESS REPKG TR.......................................... ....... .. ........... .3FE ............4,003,923 ........84.766 ............3,393,965 ............4,003,923 ............4,003,923 .......................... .......................... ............................ .......................... ..........9.520 ..........9.520 FMAN. .............52,941 ...........381,173 06/26/1998. 02/11/2013.<br />
009344 B@ 0 AIRCRAFT INDETEDNESS REPKG TR............................................ ....... .. ........... .3FE ............2,065,399 ........85.598 ............1,767,941 ............2,065,399 ............2,065,399 .......................... .......................... ............................ .......................... ..........9.650 ..........9.650 MJSD. .............16,056 ...........199,437 06/26/1998. 03/02/2013.<br />
001546 AG 5 AK STEEL CORP GTD SR NT........................................................... ....... .. .........1 .3FE ............1,061,719 ........78.000 ...............897,000 ............1,150,000 ............1,096,055 .......................... .............12,574 ............................ .......................... ..........7.750 ..........9.226 JD...... ...............3,961 .............89,125 03/14/2006. 06/15/2012.<br />
22268* AF 8 AKZO NOBEL FKA COURTAULDS SER........................................... ....... .. ........... ......1 ..........17,500,000 ......107.757 ..........18,857,475 ..........17,500,000 ..........17,500,000 .......................... .......................... ............................ .......................... ..........7.520 ..........7.520 AO...... ...........248,578 ........1,316,000 04/23/1997. 04/23/2012.<br />
010392 EB 0 ALABAMA POWER CO SR NT........................................................... ....... .. ........... .1FE ............7,325,935 ........99.758 ............6,983,060 ............7,000,000 ............7,278,154 .......................... ............(13,369) ............................ .......................... ..........5.875 ..........5.459 JD...... .............34,271 ...........411,250 01/19/2005. 12/01/2022.<br />
012653 AA 9 ALBEMARLE CORP BDS................................................................... ....... .. .........1 .2FE ..........27,143,950 ........88.441 ..........23,879,070 ..........27,000,000 ..........27,096,610 .......................... ............(13,325) ............................ .......................... ..........5.100 ..........5.031 FA...... ...........573,750 ........1,377,000 02/09/2005. 02/01/2015.<br />
012873 AK 1 ALBERTA ENERGY CO LTD BD........................................................ ....... I. ........... .2FE ............1,760,035 ........90.703 ............1,360,545 ............1,500,000 ............1,735,930 .......................... ..............(4,681) ............................ .......................... ..........7.375 ..........6.090 MN..... .............18,437 ...........110,625 02/06/2003. 11/01/2031.
E10.30<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
01310Q CN 3 ALBERTSON'S INC MTN.................................................................... ....... .. ........... .4FE ............3,836,548 ........77.500 ............3,100,000 ............4,000,000 ............3,876,595 .......................... .............28,800 ............................ .......................... ..........6.820 ..........6.611 JD...... .............22,733 ...........272,800 01/28/2002. 07/30/2012.<br />
013104 AK 0 ALBERTSON'S INC SR NT................................................................. LS... .. ........... .4FE ............4,939,539 ........84.500 ............4,225,000 ............5,000,000 ............4,896,794 .......................... .............19,312 ............................ .......................... ..........7.250 ..........6.605 MN..... .............60,417 ...........362,500 12/27/2001. 05/01/2013.<br />
013716 AQ 8 ALCAN INC BD.................................................................................... ....... I. ........... .2FE ............9,209,690 ........70.418 ............6,337,620 ............9,000,000 ............9,189,037 .......................... ..............(3,648) ............................ .......................... ..........7.250 ..........7.059 MS..... ...........192,125 ...........652,500 01/23/2002. 03/15/2031.<br />
013817 AH 4 ALCOA INC BD................................................................................... ....... .. ........... .2FE ..........21,011,675 ........86.462 ..........18,157,020 ..........21,000,000 ..........21,006,438 .......................... ..............(1,451) ............................ .......................... ..........5.375 ..........5.367 JJ....... ...........520,479 ........1,128,750 11/01/2006. 01/15/2013.<br />
013817 AQ 4 ALCOA INC NT.................................................................................... ....... .. ........... .2FE ..........52,450,397 ........70.898 ..........35,449,000 ..........50,000,000 ..........52,242,398 .......................... ..........(114,802) ............................ .......................... ..........5.870 ..........5.389 FA...... ........1,043,556 ........2,935,000 02/23/2007. 02/23/2022.<br />
015386 AA 3 ALFA DIV PYMT RIGHTS FIN FLTG.................................................. ....... .. .........3 .3FE ..........14,403,069 ........79.000 ..........11,376,000 ..........14,400,000 ..........14,395,493 .......................... ...............1,441 ............................ .......................... ..........4.380 ..........6.603 MJSD. .............29,784 ...........720,196 07/19/2006. 03/15/2011.<br />
015386 AB 1 ALFA DIV PYMT RIGHTS FLTG 2006................................................ ....... .. .........3 .3FE ..........12,000,000 ........78.000 ............9,360,000 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........4.680 ..........7.250 MJSD. .............24,960 ...........636,564 12/05/2006. 12/15/2011.<br />
015395 AA 4 ALFA MTN MKTS LTD 144A MTN...................................................... ....... .. ........... .3FE ..........14,782,892 ........58.000 ............8,592,700 ..........14,815,000 ..........14,791,271 .......................... ...............5,650 ............................ .......................... ..........8.200 ..........8.200 JD...... .............20,247 ........1,214,830 06/18/2007. 06/25/2012.<br />
99BLA1 9A 0 ALGOMA STEEL INC TERM LOAN LN3............................................ ....... .. .......23 .4FE ............1,410,065 ........65.000 ...............916,542 ............1,410,065 ............1,410,065 .......................... .......................... ............................ .......................... ..........4.980 ..........7.860 MON.. .............11,718 .............79,678 06/25/2007. 06/30/2013.<br />
016090 AA 0 ALIANT COMMUNICATIONS INC NT................................................ ....... .. ........... .2FE ............8,578,428 ........72.873 ............7,276,369 ............9,985,000 ............8,595,324 .......................... .............29,016 ............................ .......................... ..........6.750 ..........5.804 AO...... ...........168,497 ...........673,988 01/28/2005. 04/01/2028.<br />
017475 AB 0 ALLEGIANCE CORP DB..................................................................... ....... .. ........... .2FE ............2,000,030 ......103.184 ............2,063,680 ............2,000,000 ............2,000,025 .......................... .....................(2) ............................ .......................... ..........7.800 ..........7.799 AO...... .............32,933 ...........156,000 03/06/1997. 10/15/2016.<br />
01849Q AN 5 ALLERGAN INC MTN.......................................................................... ....... .. ........... .1FE ............7,958,625 ......104.012 ............7,800,900 ............7,500,000 ............7,685,235 .......................... ............(48,754) ............................ .......................... ..........7.470 ..........6.623 AO...... ...........115,163 ...........560,250 04/17/2002. 04/17/2012.<br />
018490 AM 4 ALLERGAN INC SR NT....................................................................... ....... .. ........... .1FE ............4,306,961 ........95.672 ............4,113,896 ............4,300,000 ............4,305,963 .......................... .................(661) ............................ .......................... ..........5.750 ..........5.726 AO...... .............61,813 ...........247,250 11/01/2006. 04/01/2016.<br />
01877K AD 5 ALLIANCE PIPELINE LP SR 144A N................................................. ....... .. ........... .2FE ............4,481,511 ......103.230 ............4,683,334 ............4,536,795 ............4,491,455 .......................... ...............6,173 ............................ .......................... ..........4.591 ..........4.760 JD...... ...........108,082 ...........211,638 01/23/2004. 12/31/2025.<br />
01958X AZ 0 ALLIED WASTE NORTH AMERICA INC............................................ ....... .. .........1 .2FE .................76,318 ........95.000 .................71,250 .................75,000 .................75,511 .......................... .................(197) ............................ .......................... ..........7.875 ..........7.162 AO...... ...............1,247 ...............5,906 12/07/2005. 04/15/2013.<br />
01959E AA 6 ALLIED WORLD ASSURANCE HLDGS L.......................................... ....... .. ........... .2FE ............6,979,490 ........70.499 ............4,934,930 ............7,000,000 ............6,983,165 .......................... ...............1,594 ............................ .......................... ..........7.500 ..........7.542 FA...... ...........218,750 ...........525,000 07/21/2006. 08/01/2016.<br />
020002 AC 5 ALLSTATE CORP BD......................................................................... ....... .. ........... .1FE ..........16,210,705 ......104.460 ..........18,280,500 ..........17,500,000 ..........16,986,845 .......................... .............91,147 ............................ .......................... ..........7.500 ..........8.420 JD...... .............58,333 ........1,312,500 12/29/2000. 06/15/2013.<br />
020002 AQ 4 ALLSTATE CORP BD......................................................................... ....... .. .........1 .1FE ............9,985,000 ........77.193 ............7,719,300 ..........10,000,000 ............9,986,518 .......................... ..................263 ............................ .......................... ..........5.350 ..........5.360 JD...... .............44,583 ...........535,000 02/16/2005. 06/01/2033.<br />
020002 AR 2 ALLSTATE CORP NTS....................................................................... ....... .. .........1 .1FE ..........37,364,888 ........92.954 ..........34,950,704 ..........37,600,000 ..........37,453,542 .......................... .............21,974 ............................ .......................... ..........5.000 ..........5.081 FA...... ...........710,222 ........1,880,000 11/29/2004. 08/15/2014.<br />
020002 AK 7 ALLSTATE CORP SR NTS................................................................. ....... .. ........... .1FE ............3,136,329 ......101.092 ............3,032,760 ............3,000,000 ............3,019,244 .......................... ............(19,690) ............................ .......................... ..........7.200 ..........6.468 JD...... .............18,000 ...........216,000 02/09/2001. 12/01/2009.<br />
02003M BQ 6 ALLSTATE LIFE GLOBAL FDG SECD............................................... ....... .. ........... .1FE .................23,982 ........98.440 .................24,610 .................25,000 .................24,035 .......................... ....................52 ............................ .......................... ..........5.375 ..........6.408 AO...... ..................228 ..................672 09/17/2008. 04/30/2013.<br />
020039 AJ 2 ALLTELL CORP DB............................................................................ ....... .. ........... .5FE ............2,972,592 ........87.000 ............2,436,000 ............2,800,000 ............2,953,711 .......................... ..............(3,646) ............................ .......................... ..........6.800 ..........6.316 MN..... .............31,733 ...........190,400 12/18/2002. 05/01/2029.<br />
020039 DC 4 ALLTELL CORP SR NT....................................................................... ....... .. ........... .5FE ............7,305,000 ........97.500 ............5,850,000 ............6,000,000 ............7,193,099 .......................... ............(21,927) ............................ .......................... ..........7.875 ..........6.249 JJ....... ...........236,250 ...........472,500 01/31/2003. 07/01/2032.<br />
L0172M AB 6 ALROSA FINANCE SA LUXEMBOURG R......................................... ....... .. ........... .3FE ............4,679,831 ........63.760 ............2,591,844 ............4,065,000 ............4,512,324 .......................... ............(60,508) ............................ .......................... ..........8.875 ..........6.585 MN..... .............44,094 ...........360,789 01/17/2006. 11/17/2014.<br />
00171* AA 1 AM GENERAL LLC TRNCH B TERM LO........................................... ....... .. .......23 ......4 ............5,856,245 ........67.500 ............3,952,965 ............5,856,245 ............5,856,245 .......................... .......................... ............................ .......................... ..........5.541 ..........8.400 MON.. .............21,068 ...........411,413 08/25/2006. 09/29/2013.<br />
00171* AB 9 AM GENERAL LLC TRNCH LC TERM L............................................ ....... .. .......23 ......4 ...............225,806 ........67.500 ...............152,419 ...............225,806 ...............225,806 .......................... .......................... ............................ .......................... ..........4.587 ..........8.400 MON.. ..................877 .............14,271 09/20/2006. 09/29/2012.<br />
00163X AM 2 AMB PROPERTY LP CO GTD MTN SER.......................................... ....... .. ........... .2FE ............9,990,400 ........65.370 ............6,537,000 ..........10,000,000 ............9,993,229 .......................... ...............1,239 ............................ .......................... ..........5.900 ..........5.917 FA...... ...........222,889 ...........590,000 08/10/2006. 08/15/2013.<br />
Q0307# AB 4 AMCOR LIMITED SER B SR NT........................................................ ....... F ........... ......2 ............7,000,000 ........92.113 ............6,447,910 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.650 ..........5.650 JD...... .............15,381 ...........395,500 12/17/2002. 12/17/2012.<br />
Q0307# AC 2 AMCOR LIMITED SER C SR NT........................................................ ....... F ........... ......2 ............7,000,000 ........89.630 ............6,274,100 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........4.910 ..........4.910 JD...... .............13,366 ...........343,700 06/12/2003. 12/17/2012.<br />
Q0307# AA 6 AMCOR LIMITED SR NTS SER A...................................................... ....... F ........... ......2 ............5,000,000 ........98.119 ............4,905,950 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.030 ..........5.030 JD...... ...............9,781 ...........251,500 12/17/2002. 12/17/2009.<br />
023551 AH 7 AMERADA HESS CORP NT............................................................... ....... .. ........... .2FE ..........27,247,590 ........99.960 ..........24,990,000 ..........25,000,000 ..........25,805,878 .......................... ..........(279,057) ............................ .......................... ..........6.650 ..........5.317 FA...... ...........628,056 ........1,662,500 11/06/2003. 08/15/2011.<br />
02364W AF 2 AMERICA MOVIL SA DE CV GTD SR.............................................. ....... .. ........... .1FE ............8,006,960 ........92.190 ............7,375,200 ............8,000,000 ............8,004,535 .......................... .................(740) ............................ .......................... ..........5.500 ..........5.486 MS..... ...........146,667 ...........440,000 06/24/2005. 03/01/2014.<br />
02364W AH 8 AMERICA MOVIL SA DE CV SR GLBL.............................................. ....... .. ........... .1FE ............6,109,884 ........91.880 ............5,512,800 ............6,000,000 ............6,075,966 .......................... ............(10,342) ............................ .......................... ..........5.750 ..........5.500 JJ....... ...........159,083 ...........345,000 06/23/2005. 01/15/2015.<br />
02364W AJ 4 AMERICA MOVIL SA DE CV SR NT.................................................. ....... .. ........... .1FE ..........16,640,190 ........84.801 ..........14,416,170 ..........17,000,000 ..........16,654,926 .......................... ...............4,818 ............................ .......................... ..........6.375 ..........6.537 MS..... ...........361,250 ........1,083,750 03/07/2007. 03/01/2035.<br />
023769 AA 0 AMERICAN AIRLINE INC SER 2003-................................................. ....... .. ........... .2FE ............1,472,985 ........88.500 ............1,391,607 ............1,572,437 ............1,467,972 .......................... .............17,139 ............................ .......................... ..........3.857 ..........3.893 JJ....... .............28,977 .............60,649 07/17/2003. 07/09/2010.<br />
02378J AR 9 AMERICAN AIRLINES SER 2001-1 C................................................ ....... .. ........... .4FE ............3,287,845 ........50.000 ............1,643,923 ............3,287,845 ............3,287,845 .......................... .......................... ............................ .......................... ..........6.977 ..........6.977 MN..... .............24,214 ...........229,393 05/18/2001. 11/23/2022.<br />
023775 AA 7 AMERICAN AIRLINES SER 2005-1 T................................................ ....... .. ........... .2FE ..........15,814,201 ........69.000 ..........10,911,799 ..........15,814,201 ..........15,814,201 .......................... .......................... ............................ .......................... ..........5.110 ..........5.110 MS..... ...........206,516 ...........808,105 09/23/2005. 03/29/2014.<br />
02378J AT 5 AMERICAN AIRLINES 01-1 B EETC.................................................. ....... .. ........... .5FE ............1,142,424 ........41.000 ............1,042,199 ............2,541,950 ............1,355,714 .......................... ...........213,518 ............................ .......................... ..........7.377 ........20.074 MN..... .............19,794 ...........187,520 05/18/2001. 05/23/2019.<br />
02378J AS 7 AMERICAN AIRLINES 2001-1 A-2 P.................................................. ....... .. ........... .4FE ............1,000,000 ........64.000 ...............640,000 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........6.817 ..........6.817 MN..... ...............7,196 .............68,170 05/18/2001. 11/23/2012.<br />
02406P AE 0 AMERICAN AXLE & MFG INC SR...................................................... ....... .. ........... .5FE ............9,129,890 ........33.000 ............3,630,000 ..........11,000,000 ............9,685,089 .......................... ...........200,041 ............................ .......................... ..........5.250 ..........7.941 FA...... ...........224,583 ...........577,500 02/28/2005. 02/11/2014.<br />
025816 AQ 2 AMERICAN EXPRESS CO NTS......................................................... ....... .. ........... .1FE ............8,893,700 ........92.825 ............8,354,250 ............9,000,000 ............8,944,837 .......................... .............10,543 ............................ .......................... ..........4.875 ..........5.028 JJ....... ...........202,313 ...........438,750 08/05/2003. 07/15/2013.<br />
0258M0 BZ 1 AMERICAN EXPRESS CREDIT CORP M......................................... ....... .. ........... .1FE ..........12,975,600 ........87.653 ..........11,394,890 ..........13,000,000 ..........12,981,779 .......................... ...............2,125 ............................ .......................... ..........5.300 ..........5.324 JD...... .............55,503 ...........689,000 02/08/2006. 12/02/2015.<br />
0258M0 BY 4 AMERICAN EXPRESS CREDIT MTN S............................................ ....... .. ........... .1FE ............6,974,940 ........97.129 ............6,799,030 ............7,000,000 ............6,989,626 .......................... ...............5,014 ............................ .......................... ..........5.000 ..........5.082 JD...... .............28,194 ...........350,000 11/29/2005. 12/02/2010.<br />
02635P TC 7 AMERICAN GEN FIN CORP SR MTN................................................ ....... .. ........... .2FE ............4,889,450 ........37.358 ............1,867,900 ............5,000,000 ............4,915,429 .......................... ...............9,724 ............................ .......................... ..........5.400 ..........5.698 JD...... .............22,500 ...........270,000 03/06/2006. 12/01/2015.<br />
02635K AW 4 AMERICAN GENERAL FIN CORP DBS............................................ ....... .. ........... .2FE ............5,734,800 ........75.103 ............4,506,180 ............6,000,000 ............5,992,337 .......................... .............11,363 ............................ .......................... ..........8.125 ..........8.601 FA...... ...........184,167 ...........487,500 03/11/1996. 08/15/2009.<br />
02635P SS 3 AMERICAN GENERAL FINANCE CORP........................................... ....... .. ........... .2FE ..........19,713,950 ........70.921 ..........14,184,200 ..........20,000,000 ..........19,950,107 .......................... .............63,899 ............................ .......................... ..........3.875 ..........4.217 AO...... ...........193,750 ...........775,000 02/04/2005. 10/01/2009.<br />
02635P TF 0 AMERICAN GENERAL FINANCE CORP........................................... ....... .. ........... .2FE ..........16,032,219 ........46.034 ............7,411,474 ..........16,100,000 ..........16,061,966 .......................... .............13,041 ............................ .......................... ..........5.625 ..........5.723 FA...... ...........337,094 ...........905,625 08/14/2006. 08/17/2011.<br />
02635P TB 9 AMERICAN GENERAL FINANCIAL COR.......................................... ....... .. ........... .2FE ..........10,988,340 ........42.257 ............4,648,270 ..........11,000,000 ..........10,993,617 .......................... ...............1,613 ............................ .......................... ..........4.875 ..........4.893 JJ....... ...........247,271 ...........536,250 07/06/2005. 07/15/2012.<br />
02649P AC 1 AMERICAN HEAVY LIFT SHIP US GO.............................................. ....... .. ........... ......1 ............1,247,317 ......113.667 ............1,396,967 ............1,229,000 ............1,236,749 .......................... .................(741) ............................ .......................... ..........5.382 ..........5.262 JD...... ...............5,512 .............64,813 02/14/1997. 06/01/2017.<br />
02649P AB 3 AMERICAN HEAVY LIFT SHIPPING S.............................................. ....... .. .......23 ......1 ............6,645,435 ......107.243 ............6,760,737 ............6,304,129 ............6,549,490 .......................... ............(24,395) ............................ .......................... ..........5.382 ..........4.814 JD...... .............28,274 ...........339,295 10/06/2004. 06/01/2017.<br />
026609 AC 1 AMERICAN HOME PRODUCTS DB.................................................. ....... .. ........... .1FE ............8,761,600 ......116.291 ............9,303,280 ............8,000,000 ............8,686,584 .......................... ............(29,264) ............................ .......................... ..........7.250 ..........6.323 MS..... ...........193,333 ...........580,000 04/12/2006. 03/01/2023.<br />
026609 AM 9 AMERICAN HOME PRODUCTS NT................................................... ....... .. .........3 .1FE ............5,505,772 ......104.138 ............5,248,555 ............5,040,000 ............5,216,322 .......................... ............(73,290) ............................ .......................... ..........6.950 ..........5.016 MS..... ...........103,138 ...........350,280 02/26/2008. 03/15/2011.<br />
026874 AT 4 AMERICAN INTERNATIONAL GROUP N.......................................... ....... .. .........1 .1FE ............9,427,700 ........73.699 ............7,369,900 ..........10,000,000 ............9,706,825 .......................... .............58,567 ............................ .......................... ..........4.250 ..........5.005 MN..... .............54,306 ...........425,000 09/22/2003. 05/15/2013.
E10.31<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
029163 AD 4 AMERICAN RE CORP SER B SR NTS.............................................. ....... .. ........... .1FE ............5,675,403 ......104.687 ............5,780,816 ............5,522,000 ............5,653,885 .......................... ..............(3,512) ............................ .......................... ..........7.450 ..........7.210 JD...... .............18,284 ...........411,389 05/09/2001. 12/15/2026.<br />
029171 AC 9 AMERICAN REAL ESTATE PTR LP/FI.............................................. ....... .. .........1 .3FE ............3,997,269 ........77.000 ............3,041,500 ............3,950,000 ............3,966,555 .......................... ............(12,012) ............................ .......................... ..........8.125 ..........7.865 JD...... .............26,745 ...........320,938 07/19/2006. 06/01/2012.<br />
029717 AQ 8 AMERICAN STANDARD INC GTD SR N........................................... ....... .. ........... .2FE ............5,335,392 ........96.454 ............5,329,084 ............5,525,000 ............5,384,641 .......................... .............18,020 ............................ .......................... ..........5.500 ..........5.992 AO...... .............75,969 ...........303,875 02/08/2006. 04/01/2015.<br />
030096 AF 8 AMERICAN STORES COMPANY BD................................................ ....... .. ........... .4FE ..........11,651,204 ........62.500 ............7,469,375 ..........11,951,000 ..........11,665,657 .......................... ...............7,166 ............................ .......................... ..........8.000 ..........7.991 JD...... .............79,673 ...........956,080 06/07/2001. 06/01/2026.<br />
03016* AA 4 AMERICAN TAX CR CORP FXD IX LP.............................................. ....... .. .........3 ......2 ............5,424,720 ......100.366 ............5,200,874 ............5,181,908 ............5,181,908 .......................... ..............(1,285) ............................ .......................... ..........6.791 ..........6.840 JJ....... ...........177,955 ...........353,053 07/01/2000. 01/01/2011.<br />
03079@ AB 4 AMERIGAS PROPANE LP SER E SEC............................................. ....... .. .........1 ......2 ............8,500,000 ......104.450 ............8,878,250 ............8,500,000 ............8,500,000 .......................... .......................... ............................ .......................... ..........8.500 ..........8.500 JJ....... ...........361,250 ...........722,500 03/10/2000. 07/01/2010.<br />
03073E AF 2 AMERISOURCEBERGEN CORP SR NT........................................... ....... .. ........... .2FE ..........14,497,950 ........87.398 ..........13,109,700 ..........15,000,000 ..........14,603,551 .......................... .............46,086 ............................ .......................... ..........5.875 ..........6.364 MS..... ...........259,479 ...........881,250 08/04/2006. 09/15/2015.<br />
030955 AJ 7 AMERITECH CAP FNDG CORP GTD DB......................................... ....... .. ........... .1FE ............1,692,600 ......100.067 ............2,001,340 ............2,000,000 ............1,730,265 .......................... ...............5,833 ............................ .......................... ..........6.875 ..........8.304 AO...... .............29,028 ...........137,500 05/09/2000. 10/15/2027.<br />
030955 AN 8 AMERITECH CAP FUNDING SR DB................................................. ....... .. ........... .1FE ..........11,429,505 ........95.495 ..........10,981,925 ..........11,500,000 ..........11,441,644 .......................... ...............1,502 ............................ .......................... ..........6.550 ..........6.599 JJ....... ...........347,332 ...........753,250 12/21/2001. 01/15/2028.<br />
U0267V AC 0 AMERITECH CAPITAL FUNDING CORP.......................................... ....... .. ........... .1FE ............5,496,600 ......100.612 ............5,030,600 ............5,000,000 ............5,037,378 .......................... ............(94,751) ............................ .......................... ..........6.250 ..........4.236 M........ ...........193,576 ...........312,500 09/15/2003. 05/18/2009.<br />
031100 B* 0 AMETEK INC SER A SR NT............................................................... ....... .. ........... ......2 ..........34,000,000 ........87.285 ..........29,676,900 ..........34,000,000 ..........34,000,000 .......................... .......................... ............................ .......................... ..........6.200 ..........6.200 JD...... .............76,122 ........2,108,000 12/18/2007. 12/18/2017.<br />
031100 C@ 7 AMETEK INC SER E SR NT............................................................... ....... .. ........... ......2 ..........10,000,000 ........98.550 ............9,855,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.080 ..........7.080 MS..... ...........204,533 .......................... 09/17/2008. 09/17/2018.<br />
031100 D* 8 AMETEK INC SER G SR NT.............................................................. ....... .. ........... ....2Z ............5,000,000 ........98.196 ............4,909,800 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.180 ..........7.180 JD...... .............13,961 .......................... 12/17/2008. 12/17/2018.<br />
031162 AY 6 AMGEN INC BD.................................................................................. ....... .. ........... .1FE ..........22,057,610 ......114.183 ..........25,120,260 ..........22,000,000 ..........22,057,322 .......................... .................(288) ............................ .......................... ..........6.900 ..........6.879 JD...... ...........126,500 ...........792,733 06/24/2008. 06/01/2038.<br />
031162 AG 5 AMGEN INC SR NT............................................................................. ....... .. ........... .1FE ............1,287,588 ........99.917 ............1,288,929 ............1,290,000 ............1,289,568 .......................... ..................504 ............................ .......................... ..........4.000 ..........4.039 MN..... ...............6,163 .............50,800 10/07/2008. 11/18/2009.<br />
031162 AV 2 AMGEN INC SR NT............................................................................. ....... .. ........... .1FE ..........16,854,072 ......103.274 ..........17,556,580 ..........17,000,000 ..........16,861,038 .......................... ...............6,715 ............................ .......................... ..........5.850 ..........6.008 JD...... .............82,875 ...........672,750 07/22/2008. 06/01/2017.<br />
031162 AW 0 AMGEN INC SR NT............................................................................. ....... .. ........... .1FE ..........45,199,511 ......107.514 ..........52,081,932 ..........48,442,000 ..........45,209,260 .......................... ...............8,351 ............................ .......................... ..........6.375 ..........6.900 JD...... ...........257,348 ........2,609,256 10/22/2008. 06/01/2037.<br />
031162 AX 8 AMGEN INC SR NT............................................................................. ....... .. ........... .1FE ..........15,029,900 ......106.072 ..........15,910,800 ..........15,000,000 ..........15,028,626 .......................... ..............(1,274) ............................ .......................... ..........6.150 ..........6.128 JD...... .............76,875 ...........481,750 06/10/2008. 06/01/2018.<br />
031162 AJ 9 AMGEN INC SR NTS.......................................................................... ....... .. .........1 .1FE ..........19,033,491 ........98.581 ..........18,740,248 ..........19,010,000 ..........19,025,512 .......................... ..............(2,324) ............................ .......................... ..........4.850 ..........4.834 MN..... ...........110,126 ...........921,743 10/08/2008. 11/18/2014.<br />
99BLAC 9B 4 AMSCAN HLDGS INC TERM LOAN LN3........................................... ....... .. .......23 .4FE ............3,930,000 ........65.000 ............2,554,500 ............3,930,000 ............3,930,000 .......................... .......................... ............................ .......................... ..........5.461 ..........7.610 MON.. .............12,187 ...........248,123 05/25/2007. 05/01/2013.<br />
032166 AQ 3 AMSOUTH BANK NA SUB NTS......................................................... ....... .. ........... .1FE ..........29,946,564 ........82.973 ..........24,908,495 ..........30,020,000 ..........29,970,508 .......................... ...............9,783 ............................ .......................... ..........4.850 ..........4.893 AO...... ...........363,993 ........1,455,970 07/22/2004. 04/01/2013.<br />
032166 AR 1 AMSOUTH BANK NA SUB NTS......................................................... ....... .. ........... .1FE ..........29,946,752 ........75.248 ..........22,311,032 ..........29,650,000 ..........29,854,616 .......................... ............(27,332) ............................ .......................... ..........5.200 ..........5.070 AO...... ...........385,450 ........1,541,800 08/03/2005. 04/01/2015.<br />
03235E AM 2 AMVESCAP PLC NT........................................................................... ....... .. ........... .2FE .................26,517 ........94.015 .................25,384 .................27,000 .................26,798 .......................... ..................201 ............................ .......................... ..........4.500 ..........5.304 JD...... ....................54 ...............1,215 07/26/2007. 12/15/2009.<br />
032479 AD 9 ANADARKO FINANCE CO GTD NTS................................................ ....... .. ........... .2FE ............1,020,660 ........88.428 ...............884,280 ............1,000,000 ............1,018,710 .......................... .................(326) ............................ .......................... ..........7.500 ..........7.327 MN..... .............12,500 .............75,000 07/06/2001. 05/01/2031.<br />
032479 AC 1 ANADARKO FINANCE CO SR NT..................................................... ....... .. ........... .2FE ............5,654,790 ......100.036 ............5,501,980 ............5,500,000 ............5,546,797 .......................... ............(18,040) ............................ .......................... ..........6.750 ..........6.352 MN..... .............61,875 ...........371,250 11/05/2001. 05/01/2011.<br />
032511 AX 5 ANADARKO PETE CORP SR NT....................................................... ....... .. ........... .2FE ..........11,451,355 ........88.331 ..........10,158,065 ..........11,500,000 ..........11,460,075 .......................... ...............3,969 ............................ .......................... ..........5.950 ..........6.007 MS..... ...........201,474 ...........684,250 09/14/2006. 09/15/2016.<br />
032511 AY 3 ANADARKO PETE CORP SR NT....................................................... ....... .. ........... .2FE ............6,966,960 ........78.883 ............5,521,810 ............7,000,000 ............6,967,855 .......................... ..................409 ............................ .......................... ..........6.450 ..........6.486 MS..... ...........132,942 ...........451,500 09/14/2006. 09/15/2036.<br />
032511 AT 4 ANADARKO PETROLEUM CORP NT............................................... ....... .. .........1 .2FE ............5,430,852 ........98.975 ............4,780,493 ............4,830,000 ............5,095,847 .......................... ............(75,759) ............................ .......................... ..........6.125 ..........4.269 MS..... .............87,108 ...........295,838 03/17/2004. 03/15/2012.<br />
034918 AC 6 ANGIOTECH PHARMACEUTICALS INC........................................... LS... .. .........1 .6FE ............5,891,188 ........21.500 ............1,257,750 ............5,850,000 ............1,257,750 .......................... ..............(6,426) ...........4,616,739 .......................... ..........7.750 ........35.641 AO...... ...........113,344 ...........453,375 03/30/2006. 04/01/2014.<br />
035229 DA 8 ANHEUSER BUSCH COS INC DEB.................................................. ....... .. ........... .2FE ............3,990,720 ........80.969 ............3,238,760 ............4,000,000 ............3,991,075 .......................... ..................133 ............................ .......................... ..........5.750 ..........5.766 AO...... .............57,500 ...........230,000 03/07/2006. 04/01/2036.<br />
035229 CV 3 ANHEUSER BUSCH COS INC NT..................................................... ....... .. ........... .2FE ..........21,981,470 ........90.093 ..........20,180,832 ..........22,400,000 ..........22,106,700 .......................... .............29,457 ............................ .......................... ..........5.050 ..........5.256 AO...... ...........238,809 ........1,131,200 07/21/2004. 10/15/2016.<br />
035229 CH 4 ANHEUSER BUSCH COS INC SR NT............................................... ....... .. ........... .2FE ............2,576,400 ........99.923 ............2,498,075 ............2,500,000 ............2,522,240 .......................... ..............(8,859) ............................ .......................... ..........6.000 ..........5.581 AO...... .............31,667 ...........150,000 10/11/2001. 04/15/2011.<br />
035229 CG 6 ANHEUSER-BUSCH COMPANIES INC D......................................... ....... .. ........... .2FE ..........11,597,000 ........92.710 ............9,271,000 ..........10,000,000 ..........11,446,104 .......................... ............(32,476) ............................ .......................... ..........6.800 ..........5.646 JJ....... ...........313,556 ...........680,000 09/26/2003. 01/15/2031.<br />
035229 CM 3 ANHEUSER-BUSCH COMPANIES INC D......................................... ....... .. .........1 .2FE ............2,701,950 ........82.609 ............2,065,225 ............2,500,000 ............2,694,137 .......................... ..............(1,820) ............................ .......................... ..........6.500 ..........5.962 MN..... .............27,083 ...........162,500 01/06/2004. 05/01/2042.<br />
035229 CU 5 ANHEUSER-BUSCH COMPANIES INC N......................................... LS... .. .........1 .2FE ............4,986,700 ........91.771 ............4,588,550 ............5,000,000 ............4,992,497 .......................... ...............1,279 ............................ .......................... ..........4.950 ..........4.983 JJ....... ...........114,125 ...........247,500 09/09/2003. 01/15/2014.<br />
035229 CQ 4 ANHEUSER-BUSCH COS INC BD..................................................... ....... .. .........1 .2FE ..........25,813,660 ........83.047 ..........21,592,220 ..........26,000,000 ..........25,829,761 .......................... ...............3,031 ............................ .......................... ..........5.950 ..........6.002 JJ....... ...........713,339 ........1,547,000 09/05/2003. 01/15/2033.<br />
035229 CS 0 ANHEUSER-BUSCH COS INC BD..................................................... ....... .. ........... .2FE ............2,969,820 ........84.283 ............2,528,490 ............3,000,000 ............2,979,093 .......................... ...............1,777 ............................ .......................... ..........4.500 ..........4.593 AO...... .............33,750 ...........135,000 03/06/2003. 04/01/2018.<br />
035229 CY 7 ANHEUSER-BUSCH COS INC BONDS............................................. ....... .. .........1 .2FE ............9,978,800 ........90.729 ............9,072,900 ..........10,000,000 ............9,986,117 .......................... ...............1,922 ............................ .......................... ..........5.000 ..........5.026 JJ....... ...........230,556 ...........500,000 08/11/2004. 01/15/2015.<br />
001814 AR 3 ANR PIPELINE CO DEB..................................................................... ....... .. ........... .1FE ..........10,663,900 ......109.565 ..........10,956,500 ..........10,000,000 ..........10,486,039 .......................... ............(19,575) ............................ .......................... ..........9.625 ..........8.977 MN..... ...........160,417 ...........962,500 07/17/1992. 11/01/2021.<br />
03674B AC 8 ANTHEM INC BD................................................................................ ....... .. ........... .1FE ..........47,580,310 ........98.850 ..........46,019,618 ..........46,555,000 ..........47,006,463 .......................... ..........(111,907) ............................ .......................... ..........6.800 ..........6.487 FA...... ........1,319,058 ........3,165,740 03/20/2003. 08/01/2012.<br />
00184A AB 1 AOL TIME WARNER INC NT.............................................................. ....... .. ........... .2FE ............2,566,400 ........97.637 ............2,440,925 ............2,500,000 ............2,519,991 .......................... ..............(7,863) ............................ .......................... ..........6.750 ..........6.368 AO...... .............35,625 ...........168,750 11/26/2001. 04/15/2011.<br />
00184A AF 2 AOL TIME WARNER INC NT.............................................................. ....... .. ........... .2FE ..........10,903,000 ........96.070 ............9,607,000 ..........10,000,000 ..........10,434,914 .......................... ..........(115,924) ............................ .......................... ..........6.875 ..........5.431 MN..... ...........114,583 ...........687,500 07/26/2004. 05/01/2012.<br />
037411 AK 1 APACHE CORP DB............................................................................ ....... .. ........... .1FE ..........25,950,400 ......116.624 ..........26,823,520 ..........23,000,000 ..........25,520,045 .......................... ............(74,586) ............................ .......................... ..........7.950 ..........6.856 AO...... ...........386,017 ........1,828,500 03/21/2002. 04/15/2026.<br />
037411 AR 6 APACHE CORP NT............................................................................. LS... .. ........... .1FE ..........11,731,460 ........96.967 ..........11,636,040 ..........12,000,000 ..........11,733,356 .......................... ...............1,496 ............................ .......................... ..........6.000 ..........6.167 JJ....... ...........332,000 ...........300,000 08/25/2008. 01/15/2037.<br />
037411 AN 5 APACHE CORP SR NT....................................................................... ....... .. ........... .1FE ............3,855,393 ......108.586 ............4,071,975 ............3,750,000 ............3,822,794 .......................... ..............(5,668) ............................ .......................... ..........7.000 ..........6.711 FA...... ...........109,375 ...........262,500 01/24/2002. 02/01/2018.<br />
03746W AB 8 APACHE FINANCE PTY LTD GTD NT............................................... ....... .. ........... .1FE ............5,251,999 ......100.437 ............5,041,937 ............5,020,000 ............5,028,310 .......................... ............(38,453) ............................ .......................... ..........7.000 ..........6.186 MS..... ...........103,468 ...........351,400 01/31/2002. 03/15/2009.<br />
037705 AA 8 APPALACHIAN NPI SR SEC NTS...................................................... ....... .. ........... ......2 ............6,100,500 ......107.637 ............6,566,395 ............6,100,500 ............6,100,500 .......................... .......................... ............................ .......................... ..........7.760 ..........7.760 FA...... ...........159,115 ...........473,399 12/07/2000. 02/29/2016.<br />
038222 AD 7 APPLIED MATERIALS INC SR NTS.................................................. ....... .. ........... .1FE ............3,545,608 ........92.183 ............2,765,490 ............3,000,000 ............3,380,293 .......................... ............(33,190) ............................ .......................... ..........7.125 ..........5.302 AO...... .............45,125 ...........213,750 04/24/2003. 10/15/2017.<br />
000000 00 0 ARAMARK CORP TRNCH B TERM LOAN........................................ ....... .. .......23 .4FE ...............912,720 ........82.550 ...............759,183 ...............919,664 ...............913,958 .......................... ..................907 ............................ .......................... ..........5.636 ..........7.306 MON.. .............12,976 .............62,725 11/19/2008. 01/26/2014.<br />
038521 A* 1 ARAMARK CORP TRNCH LC BANK LOA......................................... ....... .. .......23 .3FE .................57,981 ........82.550 .................48,231 .................58,426 .................58,057 .......................... ....................57 ............................ .......................... ..........2.468 ..........7.307 MON.. ..................639 ...............3,006 07/05/2007. 01/26/2014.<br />
03938L AC 8 ARCELORMITTAL SA LUXEMBOURG NT........................................ ....... .. ........... .2FE .................17,625 ........75.415 .................18,854 .................25,000 .................17,688 .......................... ....................63 ............................ .......................... ..........5.375 ........14.582 JD...... ..................112 .......................... 12/08/2008. 06/01/2013.<br />
03938L AF 1 ARCELORMITTAL SA LUXEMBOURG NT........................................ ....... .. ........... .2FE ..........19,993,729 ........68.476 ..........13,712,319 ..........20,025,000 ..........19,995,230 .......................... ...............1,501 ............................ .......................... ..........6.125 ..........6.232 JD...... ...........102,211 ...........626,894 10/10/2008. 06/01/2018.<br />
03938L AA 2 ARCELORMITTAL SA LUXEMBOURG 14......................................... ....... .. ........... .2FE ..........10,023,300 ........75.415 ............7,541,500 ..........10,000,000 ..........10,020,856 .......................... ..............(2,444) ............................ .......................... ..........5.375 ..........5.340 JD...... .............44,792 ...........274,722 05/21/2008. 06/01/2013.
E10.32<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
03937L AA 3 ARCH CAPITAL GROUP LTD SR NT................................................ ....... .. ........... .2FE ..........32,875,080 ........82.042 ..........26,253,440 ..........32,000,000 ..........32,843,523 .......................... ............(12,030) ............................ .......................... ..........7.350 ..........7.122 MN..... ...........392,000 ........2,352,000 10/13/2006. 05/01/2034.<br />
039483 AQ 5 ARCHER DANIELS MIDLAND............................................................ ....... .. ........... .1FE ............2,019,240 ......101.017 ............2,020,340 ............2,000,000 ............2,004,030 .......................... ..............(1,980) ............................ .......................... ..........5.870 ..........5.756 MN..... .............15,001 ...........117,400 02/10/1999. 11/15/2010.<br />
039483 AT 9 ARCHER DANIELS MIDLAND CO BD............................................... ....... .. .........3 .1FE ............3,897,200 ........95.052 ............3,802,080 ............4,000,000 ............3,906,410 .......................... ...............1,717 ............................ .......................... ..........5.935 ..........6.062 AO...... .............59,350 ...........237,400 10/11/2002. 10/01/2032.<br />
039483 AH 5 ARCHER DANIELS MIDLAND CO DB............................................... ....... .. ........... .1FE ..........29,352,565 ......117.512 ..........28,790,440 ..........24,500,000 ..........27,715,577 .......................... ..........(291,765) ............................ .......................... ..........8.375 ..........6.302 AO...... ...........433,174 ........2,051,875 01/07/2003. 04/15/2017.<br />
039483 AX 0 ARCHER DANIELS MIDLAND CO DB............................................... ....... .. ........... .1FE ............5,053,350 ......101.316 ............5,065,800 ............5,000,000 ............5,052,814 .......................... .................(536) ............................ .......................... ..........6.450 ..........6.368 JJ....... ...........148,708 ...........191,708 02/14/2008. 01/15/2038.<br />
039483 AY 8 ARCHER DANIELS MIDLAND CO NT............................................... ....... .. ........... .1FE ..........12,665,461 ........98.432 ..........12,392,589 ..........12,590,000 ..........12,665,330 .......................... .................(131) ............................ .......................... ..........5.450 ..........5.366 MS..... ...........202,035 ...........260,238 12/17/2008. 03/15/2018.<br />
039483 AM 4 ARCHER DANIELS MIDLAND CO SR D............................................ ....... .. ........... .1FE ............7,993,522 ......110.565 ............8,292,375 ............7,500,000 ............7,987,841 .......................... ..............(5,681) ............................ .......................... ..........7.500 ..........6.996 MS..... ...........165,625 ...........281,250 07/23/2008. 03/15/2027.<br />
039483 AS 1 ARCHER DANIELS MIDLAND DBS................................................... ....... .. ........... .1FE ............6,046,813 ......106.054 ............7,423,780 ............7,000,000 ............6,122,463 .......................... .............12,662 ............................ .......................... ..........7.000 ..........7.020 FA...... ...........204,167 ...........490,000 02/02/2001. 02/01/2031.<br />
039483 AU 6 ARCHER DANIELS MIDLAND NTS................................................... ....... .. ........... .1FE ..........22,460,899 ........87.530 ..........21,541,133 ..........24,610,000 ..........22,499,709 .......................... .............18,196 ............................ .......................... ..........5.375 ..........6.018 MS..... ...........389,487 ........1,080,913 08/26/2008. 09/15/2035.<br />
039483 AG 7 ARCHER DANIELS SR DB................................................................. ....... .. ........... .1FE ............3,258,930 ......110.189 ............3,305,670 ............3,000,000 ............3,059,256 .......................... ............(22,732) ............................ .......................... ..........8.875 ..........7.915 AO...... .............56,208 ...........266,250 03/23/1995. 04/15/2011.<br />
001920 AB 3 ARCO CHEMICAL CO DB.................................................................. ....... .. ........... .5FE ............2,707,892 ........11.000 ...............220,000 ............2,000,000 ...............220,000 .......................... ............(26,496) ...........2,231,754 .......................... ..........9.800 ..........7.170 FA...... .............81,667 ...........196,000 01/13/1994. 02/01/2020.<br />
044540 AH 5 ASHLAND OIL INC DB........................................................................ ....... .. ........... .3FE ............1,118,462 ........88.316 ...............883,160 ............1,000,000 ............1,046,978 .......................... ............(10,128) ............................ .......................... ..........8.800 ..........7.869 MN..... .............11,244 .............88,000 06/08/1993. 11/15/2012.<br />
04454C AJ 5 ASHLAND OIL INC SER B MTN......................................................... ....... .. ........... ......3 ............5,824,300 ......148.016 ............7,400,800 ............5,000,000 ............5,542,385 .......................... ............(34,483) ............................ .......................... ..........9.350 ..........7.776 JD...... .............20,778 ...........467,500 03/06/1997. 01/24/2019.<br />
04420Q BD 7 ASHLAND OIL INC SER H MTN......................................................... ....... .. ........... .3FE ............7,557,776 ........93.020 ............7,209,050 ............7,750,000 ............7,739,855 .......................... .............28,784 ............................ .......................... ..........6.860 ..........7.260 MN..... .............88,608 ...........531,650 06/07/1999. 05/01/2009.<br />
045184 AA 6 ASIF GLOBAL FINANCING XIX SR S................................................ ....... .. ........... .1FE ..........11,964,840 ........80.274 ............9,632,880 ..........12,000,000 ..........11,983,026 .......................... ...............3,702 ............................ .......................... ..........4.900 ..........4.939 JJ....... ...........267,867 ...........588,000 10/29/2003. 01/17/2013.<br />
04530D AB 8 ASPEN INSURANCE HLDGS LTD SR N........................................... ....... .. ........... .2FE ..........26,037,030 ........65.757 ..........17,096,820 ..........26,000,000 ..........26,025,708 .......................... ..............(3,907) ............................ .......................... ..........6.000 ..........5.979 FA...... ...........589,333 ........1,560,000 02/25/2005. 08/15/2014.<br />
W0805# AE 8 ASSA ABLOY FINANCIAL SVCS SER............................................... ....... F ........... ......1 ............8,000,000 ........85.517 ............6,841,360 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........5.410 ..........5.410 MN..... .............55,302 ...........432,800 05/16/2005. 05/15/2020.<br />
046003 JU 4 ASSOCIATES CORP OF NA GBL SR N............................................ ....... .. ........... .1FE ..........13,821,531 ........98.822 ..........13,385,440 ..........13,545,000 ..........13,722,214 .......................... ............(12,607) ............................ .......................... ..........6.950 ..........6.764 MN..... ...........156,896 ...........941,378 04/25/2001. 11/01/2018.<br />
046003 DC 0 ASSOCIATES CORP OF NORTH AMERI.......................................... ....... .. ........... .1FE ..........11,706,500 ........99.858 ............9,985,800 ..........10,000,000 ..........10,115,118 .......................... ..........(202,544) ............................ .......................... ..........8.550 ..........6.353 JJ....... ...........394,250 ...........855,000 08/21/1998. 07/15/2009.<br />
04621X AC 2 ASSURANT INC SR NT...................................................................... ....... .. ........... .2FE ............1,997,740 ........75.996 ............1,519,920 ............2,000,000 ............1,998,685 .......................... ..................216 ............................ .......................... ..........5.625 ..........5.640 FA...... .............42,500 ...........112,500 02/10/2004. 02/15/2014.<br />
04621X AD 0 ASSURANT INC SR NT...................................................................... ....... .. ........... .2FE ............2,303,840 ........60.059 ............1,342,919 ............2,236,000 ............2,301,568 .......................... ..............(1,017) ............................ .......................... ..........6.750 ..........6.511 FA...... .............57,018 ...........150,930 08/29/2006. 02/15/2034.<br />
046353 AB 4 ASTRAZENECA PLC NT.................................................................... ....... .. ........... .1FE ..........11,192,384 ......106.273 ..........11,902,576 ..........11,200,000 ..........11,193,141 .......................... ..................587 ............................ .......................... ..........5.900 ..........5.909 MS..... ...........194,569 ...........666,307 09/05/2007. 09/15/2017.<br />
046353 AD 0 ASTRAZENECA PLC NT.................................................................... ....... .. ........... .1FE ..........16,863,108 ......113.668 ..........18,910,945 ..........16,637,000 ..........16,859,886 .......................... ..............(2,912) ............................ .......................... ..........6.450 ..........6.346 MS..... ...........315,964 ........1,081,704 12/10/2008. 09/15/2037.<br />
00209T AB 1 AT&T BROADBAND CORP NT.......................................................... ....... .. ........... .2FE ............5,146,290 ......112.036 ............5,556,986 ............4,960,000 ............5,118,689 .......................... ..............(5,569) ............................ .......................... ..........9.455 ..........9.046 MN..... .............59,924 ...........468,968 11/18/2002. 11/15/2022.<br />
001957 AV 1 AT&T CORP GLOBAL NTS................................................................ ....... .. ........... .1FE ...............807,066 ......100.296 ...............902,664 ...............900,000 ...............897,070 .......................... .............13,447 ............................ .......................... ..........6.000 ..........7.605 MS..... .............15,900 .............54,000 03/08/2000. 03/15/2009.<br />
001957 BD 0 AT&T CORP MULTI CPN GLBL S...................................................... ....... .. .........3 .1FE ...............442,203 ......125.613 ...............471,049 ...............375,000 ...............437,995 .......................... ..............(1,165) ............................ .......................... ..........8.000 ..........7.012 MN..... ...............3,833 .............30,000 11/08/2004. 11/15/2031.<br />
001957 BC 2 AT&T CORP STEP UP SR NT............................................................ ....... .. .........3 .1FE ............3,627,855 ......103.897 ............3,349,639 ............3,224,000 ............3,410,296 .......................... ............(58,822) ............................ .......................... ..........7.300 ..........5.589 MN..... .............30,073 ...........235,352 08/01/2005. 11/15/2011.<br />
00206R AM 4 AT&T INC GLBL NT............................................................................ ....... .. ........... .1FE .................17,461 ......101.814 .................18,327 .................18,000 .................17,471 .......................... ....................10 ............................ .......................... ..........5.600 ..........6.002 MN..... ..................129 ..................510 09/30/2008. 05/15/2018.<br />
00209A AF 3 AT&T WIRELESS GROUP NTS......................................................... ....... .. ........... .1FE ..........26,038,492 ......125.009 ..........30,502,196 ..........24,400,000 ..........25,918,585 .......................... ............(30,752) ............................ .......................... ..........8.750 ..........8.113 MS..... ...........711,667 ........2,135,000 09/30/2004. 03/01/2031.<br />
00209A AG 1 AT&T WIRELESS SERVICES INC NT............................................... ....... .. ........... .1FE .................86,902 ......107.237 .................85,790 .................80,000 .................85,084 .......................... ..............(1,404) ............................ .......................... ..........8.125 ..........5.979 MN..... ...............1,083 ...............6,094 10/16/2008. 05/01/2012.<br />
00209A AE 6 AT&T WIRELESS SERVICES NT...................................................... ....... .. ........... .1FE ..........24,363,875 ......103.524 ..........24,328,140 ..........23,500,000 ..........23,788,106 .......................... ..........(121,452) ............................ .......................... ..........7.875 ..........7.247 MS..... ...........616,875 ........1,850,625 08/01/2003. 03/01/2011.<br />
046753 XQ 7 ATCHISON TOPEKA SANTA FE EQUIP........................................... ....... .. ........... .1FE ............1,526,942 ......105.109 ............1,516,349 ............1,442,644 ............1,455,614 .......................... ..............(7,984) ............................ .......................... ..........8.080 ..........7.428 JD...... ...............2,267 ...........117,752 06/01/1995. 06/24/2010.<br />
046828 AA 7 ATHABASCA OIL SANDS INVTS 144A............................................. ....... .. ........... .2FE ..........32,860,890 ........87.910 ..........23,735,700 ..........27,000,000 ..........32,517,841 .......................... ..........(157,845) ............................ .......................... ..........8.200 ..........6.300 AO...... ...........553,500 ........2,214,000 09/22/2006. 04/01/2027.<br />
048825 AV 5 ATLANTIC RICHFIELD CO DB........................................................... ....... .. ........... .1FE ............5,994,450 ......109.932 ............5,496,600 ............5,000,000 ............5,208,751 .......................... ............(86,198) ............................ .......................... ..........9.125 ..........6.429 MS..... ...........152,083 ...........456,250 12/29/2000. 03/01/2011.<br />
049560 AC 9 ATMOS ENERGY CORP NT.............................................................. ....... .. ........... .2FE ..........27,629,925 ........91.723 ..........25,223,825 ..........27,500,000 ..........27,561,417 .......................... ............(13,446) ............................ .......................... ..........5.125 ..........5.063 JJ....... ...........649,878 ........1,409,375 08/06/2004. 01/15/2013.<br />
049560 AB 1 ATMOS ENERGY CORP SR NT........................................................ ....... .. ........... .2FE ..........18,146,550 ......100.260 ..........18,046,800 ..........18,000,000 ..........18,044,794 .......................... ............(16,891) ............................ .......................... ..........7.375 ..........7.258 MN..... ...........169,625 ........1,327,500 09/04/2001. 05/15/2011.<br />
04962V AH 2 ATRIUM COMPANIES INC SR SUB NT............................................ ....... .. .......12 ....4Z ............9,254,375 ........84.328 ............9,079,655 ..........10,767,070 ............9,373,255 .......................... ...........118,881 ............................ .......................... ........11.000 ........19.275 JD...... .............49,409 ...........197,014 10/15/2008. 12/15/2012.<br />
05330A AA 5 AUTOPISTA DEL MAIPO 144A SR NT.............................................. ....... .. ........... .2FE ............5,000,000 ........99.369 ............4,968,450 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.373 ..........7.373 JD...... .............16,384 ...........368,650 08/22/2001. 06/15/2022.<br />
05348E AD 1 AVALONBAY COMMUNITIES MTN................................................... ....... .. .........1 .2FE ............6,132,060 ........91.833 ............5,509,980 ............6,000,000 ............6,034,690 .......................... ............(15,950) ............................ .......................... ..........7.500 ..........7.180 JD...... .............20,000 ...........450,000 04/19/2001. 12/15/2010.<br />
05348E AH 2 AVALONBAY COMMUNITIES MTN................................................... ....... .. .........1 .2FE ..........21,625,985 ........72.110 ..........15,503,650 ..........21,500,000 ..........21,579,391 .......................... ............(12,869) ............................ .......................... ..........5.375 ..........5.293 AO...... ...........243,965 ........1,155,625 11/02/2004. 04/15/2014.<br />
053611 AC 3 AVERY DENNISON CORP NT........................................................... ....... .. .........1 .2FE ............5,102,450 ........89.644 ............4,482,200 ............5,000,000 ............5,047,600 .......................... ............(10,484) ............................ .......................... ..........4.875 ..........4.615 JJ....... ...........112,396 ...........243,750 02/21/2003. 01/15/2013.<br />
G0682# AC 8 AVIS FINANCE CO PLC SR NTS....................................................... ....... F ........... ......3 ............9,000,000 ........86.426 ............7,778,340 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JD...... .............31,130 ...........764,040 06/09/2004. 06/09/2011.<br />
000000 00 0 AVIS BUDGET CAR RENTAL LLC..................................................... ....... .. .......23 ......3 ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... MON.. .............90,502 .......................... ................... ...................<br />
054303 AR 3 AVON PRODUCTS INC NT................................................................ ....... .. ........... .1FE ............3,979,560 ........83.728 ............3,349,120 ............4,000,000 ............3,985,602 .......................... ...............1,201 ............................ .......................... ..........4.200 ..........4.246 JJ....... .............77,467 ...........168,000 06/16/2003. 07/15/2018.<br />
002451 AA 0 AXA FINANCIAL INC SR NT............................................................... ....... .. ........... .1FE ............5,354,950 ........99.589 ............4,979,450 ............5,000,000 ............5,077,219 .......................... ............(44,691) ............................ .......................... ..........7.750 ..........6.705 FA...... ...........161,458 ...........387,500 04/27/2001. 08/01/2010.<br />
054536 AA 5 AXA GLBL SB BD............................................................................... ....... .. ........... .1FE ..........53,448,510 ........65.478 ..........33,393,780 ..........51,000,000 ..........53,201,278 .......................... ............(40,252) ............................ .......................... ..........8.600 ..........7.869 JD...... ...........194,933 ........4,386,000 06/13/2001. 12/15/2030.<br />
05461T AA 5 AXIS CAPITAL HLDGS LTD SR NT................................................... ....... .. ........... .2FE ..........26,960,390 ........66.050 ..........17,833,500 ..........27,000,000 ..........26,973,965 .......................... ...............3,589 ............................ .......................... ..........5.750 ..........5.769 JD...... ...........129,375 ........1,552,500 11/15/2004. 12/01/2014.<br />
05523U AD 2 BAE SYSTEMS HLDFS INC GTD 144A............................................. ....... .. ........... .2FE ............2,909,940 ........93.020 ............2,790,600 ............3,000,000 ............2,932,514 .......................... ...............8,204 ............................ .......................... ..........5.200 ..........5.611 FA...... .............58,933 ...........156,000 02/02/2006. 08/15/2015.<br />
05523U AA 8 BAE SYSTEMS HLDGS INC 144A NT............................................... ....... .. ........... .2FE ..........44,145,500 ......101.975 ..........44,359,125 ..........43,500,000 ..........43,742,352 .......................... ............(72,815) ............................ .......................... ..........6.400 ..........6.190 JD...... ...........123,733 ........2,784,000 07/17/2002. 12/15/2011.<br />
05523U AE 0 BAE SYSTEMS HLDGS INC 144A NT............................................... ....... .. ........... .2FE ............3,988,480 ........99.412 ............3,976,480 ............4,000,000 ............3,995,991 .......................... ...............2,317 ............................ .......................... ..........4.750 ..........4.814 FA...... .............71,778 ...........190,000 07/20/2005. 08/15/2010.<br />
057224 AK 3 BAKER HUGHES INC NT................................................................... ....... .. ........... .1FE ..........25,067,203 ......103.029 ..........23,954,243 ..........23,250,000 ..........24,878,419 .......................... ............(42,291) ............................ .......................... ..........6.875 ..........6.244 JJ....... ...........737,057 ........1,598,438 11/21/2003. 01/15/2029.<br />
057224 AS 6 BAKER HUGHES INC NT................................................................... ....... .. ........... .1FE ............3,166,265 ......100.271 ............3,108,401 ............3,100,000 ............3,101,510 .......................... ............(11,747) ............................ .......................... ..........6.000 ..........5.603 FA...... .............70,267 ...........186,000 10/17/2002. 02/15/2009.<br />
057224 AJ 6 BAKER HUGHES INC SR NT............................................................. ....... .. ........... .1FE ............7,099,712 ......100.068 ............7,004,760 ............7,000,000 ............7,000,742 .......................... ............(17,277) ............................ .......................... ..........6.250 ..........5.990 JJ....... ...........201,736 ...........437,500 02/13/2002. 01/15/2009.
E10.33<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
057224 AX 5 BAKER HUGHES INC SR NT............................................................. ....... .. ........... .1FE ............7,980,960 ......105.504 ............8,440,320 ............8,000,000 ............7,981,513 .......................... ..................553 ............................ .......................... ..........6.500 ..........6.555 MN..... .............91,000 .......................... 10/23/2008. 11/15/2013.<br />
057224 AY 3 BAKER HUGHES INC SR NT............................................................. ....... .. ........... .1FE ..........10,556,380 ......110.866 ..........11,640,930 ..........10,500,000 ..........10,556,561 .......................... ..................181 ............................ .......................... ..........7.500 ..........7.309 MN..... ...........137,813 .......................... 11/21/2008. 11/15/2018.<br />
057741 A@ 9 BALDOR ELECTRIC CO TRNCH B TER........................................... ....... .. .......23 ......3 ............1,421,530 ........85.667 ............1,217,782 ............1,421,530 ............1,421,530 .......................... .......................... ............................ .......................... ..........4.875 ..........6.790 MON.. ...............9,441 .............83,324 02/07/2007. 01/31/2014.<br />
059438 AC 5 BANC ONE CORP SUB NOTES........................................................ ....... .. ........... .1FE ............1,469,910 ......100.618 ............1,509,270 ............1,500,000 ............1,499,421 .......................... ...............3,228 ............................ .......................... ..........9.875 ........10.111 MS..... .............49,375 ...........148,125 03/01/1989. 03/01/2009.<br />
059438 AB 7 BANC ONE CORP SUB NTS.............................................................. ....... .. ........... .1FE ............1,233,000 ......105.376 ............1,053,760 ............1,000,000 ............1,051,090 .......................... ............(28,851) ............................ .......................... ........10.000 ..........6.629 FA...... .............37,778 ...........100,000 03/19/2001. 08/15/2010.<br />
059520 AA 4 BANCO DE CHILE SB 144A NT......................................................... ....... .. ........... .1FE ..........28,965,220 ......101.270 ..........29,368,300 ..........29,000,000 ..........28,973,962 .......................... ...............2,652 ............................ .......................... ..........6.250 ..........6.252 JD...... .............80,556 ........1,812,500 06/29/2007. 06/15/2016.<br />
05963G AF 5 BANCO MACRO SA SER 2 NT.......................................................... ....... .. ........... .4FE ............2,500,000 ........49.000 ............1,225,000 ............2,500,000 ............2,500,000 .......................... .......................... ............................ .......................... ..........8.500 ..........8.500 FA...... .............88,542 ...........212,500 01/23/2007. 02/01/2017.<br />
05960A AB 0 BANCO MERCANTILE DEL NORTE SA............................................ ....... .. 1 3...... .1FE ..........10,000,000 ........64.059 ............6,405,900 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.135 ..........6.135 AO...... ...........132,925 ...........613,500 10/05/2006. 10/13/2016.<br />
05965X AC 3 BANCO SANTANDER CHILE SB 144A.............................................. ....... .. ........... .1FE ..........17,191,450 ........92.236 ..........15,643,226 ..........16,960,000 ..........17,113,114 .......................... ............(21,523) ............................ .......................... ..........5.375 ..........5.194 JD...... .............55,709 ...........911,600 01/26/2005. 12/09/2014.<br />
05968L AA 0 BANCOLOMBIA SA SB NT................................................................. LS... .. ........... .3FE ............4,939,550 ........91.500 ............4,575,000 ............5,000,000 ............4,946,627 .......................... ...............4,522 ............................ .......................... ..........6.875 ..........7.046 MN..... .............34,375 ...........343,750 05/21/2007. 05/25/2017.<br />
060340 A* 7 BANISTMO CREDIT CD RCVBLS TR 2............................................. ....... .. ........... ......1 ..........10,809,451 ........99.261 ..........10,729,569 ..........10,809,451 ..........10,809,451 .......................... .......................... ............................ .......................... ..........5.858 ..........5.858 MON.. .............28,143 ...........633,220 12/13/2004. 12/15/2011.<br />
06051G DW 6 BANK AMER FDG CORP NT............................................................. ....... .. ........... .1FE .................47,357 ........99.050 .................49,525 .................50,000 .................47,463 .......................... ..................107 ............................ .......................... ..........4.900 ..........6.252 MN..... ..................408 ...............1,218 10/16/2008. 05/01/2013.<br />
06050T KN 1 BANK AMER NA CHARLOTTE NC MTN........................................... ....... .. ........... .1FE ...................4,818 ........94.953 ...................4,748 ...................5,000 ...................4,818 .......................... .......................... ............................ .......................... ..........5.300 ..........5.864 MS..... ....................78 .......................... 12/18/2008. 03/15/2017.<br />
060505 BF 0 BANK AMERICA CORP SR NT.......................................................... ....... .. ........... .1FE .................22,369 ......100.208 .................23,048 .................23,000 .................22,420 .......................... ....................51 ............................ .......................... ..........4.375 ..........5.779 JD...... ....................84 ..................503 10/27/2008. 12/01/2010.<br />
060505 AU 8 BANK OF AMERICA CORP BD.......................................................... ....... .. ........... .1FE ............1,002,394 ........96.686 ...............976,529 ............1,010,000 ............1,005,385 .......................... ..................571 ............................ .......................... ..........5.125 ..........5.216 MN..... ...............6,614 .............51,506 10/20/2008. 11/15/2014.<br />
060505 AG 9 BANK OF AMERICA CORP SB NT.................................................... ....... .. ........... .1FE ............3,818,410 ......102.386 ............3,583,510 ............3,500,000 ............3,585,592 .......................... ............(38,309) ............................ .......................... ..........7.400 ..........6.105 JJ....... ...........119,428 ...........259,000 11/05/2001. 01/15/2011.<br />
060505 DA 9 BANK OF AMERICA CORP SB NT.................................................... ....... .. ........... .1FE ...............502,547 ........88.887 ...............444,435 ...............500,000 ...............502,145 .......................... .................(203) ............................ .......................... ..........5.420 ..........5.356 MS..... ...............7,979 .............27,100 12/19/2006. 03/15/2017.<br />
06406J HB 4 BANK OF NEW YORK CO INC MTN SE............................................ ....... .. ........... .1FE ..........20,962,490 ........95.922 ..........20,143,620 ..........21,000,000 ..........20,973,172 .......................... ...............3,533 ............................ .......................... ..........4.950 ..........4.974 MS..... ...........320,513 ........1,039,500 10/13/2005. 03/15/2015.<br />
06406H BK 4 BANK OF NEW YORK CO MTN......................................................... ....... .. ........... .1FE .................53,049 ......102.184 .................54,158 .................53,000 .................53,047 .......................... .....................(3) ............................ .......................... ..........5.125 ..........5.103 FA...... ..................936 .......................... 08/29/2008. 08/27/2013.<br />
06406H AY 5 BANK OF NEW YORK NTS................................................................ ....... .. ........... .1FE ............5,038,257 ......101.416 ............5,121,508 ............5,050,000 ............5,044,628 .......................... ...............2,256 ............................ .......................... ..........4.950 ..........5.005 JJ....... ...........115,961 ...........247,500 10/27/2008. 01/14/2011.<br />
064057 AZ 5 BANK OF NEW YORK SR SUB NTS................................................. ....... .. ........... .1FE ............6,932,104 ......102.613 ............6,666,767 ............6,497,000 ............6,560,256 .......................... ............(64,887) ............................ .......................... ..........7.300 ..........6.195 JD...... .............39,523 ...........474,281 03/08/2002. 12/01/2009.<br />
064057 BA 9 BANK OF NEW YORK SUB NTS....................................................... ....... .. ........... .1FE ..........32,250,746 ......103.735 ..........32,220,091 ..........31,060,000 ..........31,582,981 .......................... ..........(144,402) ............................ .......................... ..........6.375 ..........5.795 AO...... ...........495,019 ........1,980,075 06/24/2004. 04/01/2012.<br />
064057 BD 3 BANK OF NEW YORK SUB NTS....................................................... ....... .. ........... .1FE ............6,909,869 ........95.286 ............6,527,091 ............6,850,000 ............6,893,134 .......................... ..............(3,677) ............................ .......................... ..........5.500 ..........5.410 JD...... .............31,396 ...........376,750 11/06/2003. 12/01/2017.<br />
064207 UV 3 BANK OKLA NA TULSA FXD/FLTG SB............................................. ....... .. 1 3...... .2FE ............8,088,336 ........88.637 ............7,179,597 ............8,100,000 ............8,089,798 .......................... ..................924 ............................ .......................... ..........5.750 ..........5.769 MN..... .............59,512 ...........465,750 05/14/2007. 05/15/2017.<br />
06422Q AA 7 BANK ONE CORP............................................................................... ....... .. ........... .1FE ............7,760,200 ......100.005 ............7,000,350 ............7,000,000 ............7,019,755 .......................... ..........(148,129) ............................ .......................... ..........6.000 ..........3.810 FA...... ...........156,333 ...........420,000 07/24/2003. 02/17/2009.<br />
059438 AG 6 BANK ONE CORP SB DBS................................................................ ....... .. ........... .1FE ..........10,348,600 ......101.583 ..........10,158,300 ..........10,000,000 ..........10,294,531 .......................... ..............(8,839) ............................ .......................... ..........7.750 ..........7.436 JJ....... ...........357,361 ...........775,000 04/09/2001. 07/15/2025.<br />
06423A AQ 6 BANK ONE CORP SB NT................................................................... ....... .. ........... .1FE ..........16,141,163 ......100.321 ..........15,068,214 ..........15,020,000 ..........15,466,202 .......................... ..........(141,528) ............................ .......................... ..........5.900 ..........4.781 MN..... ...........113,234 ...........886,180 07/26/2007. 11/15/2011.<br />
06423A AS 2 BANK ONE CORP SB NT................................................................... ....... .. ........... .1FE ..........10,360,400 ........97.532 ............9,753,200 ..........10,000,000 ..........10,172,670 .......................... ............(37,800) ............................ .......................... ..........5.250 ..........4.777 JJ....... ...........220,208 ...........525,000 08/22/2003. 01/30/2013.<br />
06423A AV 5 BANK ONE CORP SB NT................................................................... ....... .. ........... .1FE ............6,787,185 ........92.993 ............6,044,545 ............6,500,000 ............6,671,228 .......................... ............(22,962) ............................ .......................... ..........4.900 ..........4.417 AO...... .............53,968 ...........318,500 06/03/2003. 04/30/2015.<br />
066050 CM 5 BANKAMERICA CORP SUB NTS...................................................... ....... .. ........... .1FE ..........19,444,000 ......100.939 ..........20,187,800 ..........20,000,000 ..........19,845,150 .......................... .............48,225 ............................ .......................... ..........7.125 ..........7.439 AO...... ...........300,833 ........1,425,000 01/28/1997. 10/15/2011.<br />
066365 BX 4 BANKERS TRUST NY CORP SB DB................................................. ....... .. ........... .1FE ............3,033,867 ........98.850 ............2,965,500 ............3,000,000 ............3,017,811 .......................... ..............(1,927) ............................ .......................... ..........7.500 ..........7.398 MN..... .............28,750 ...........225,000 12/05/1996. 11/15/2015.<br />
066748 AC 8 BANQUE PARIBAS NY BRANCH SR SB.......................................... ....... .. ........... .1FE ............3,213,354 ........99.157 ............3,321,760 ............3,350,000 ............3,347,071 .......................... .............16,569 ............................ .......................... ..........6.875 ..........7.402 MS..... .............76,771 ...........230,313 07/02/1997. 03/01/2009.<br />
06738G UZ 1 BARCLAYS BK PLC SR NT................................................................ ....... .. ........... .1FE ..........11,179,168 ......101.271 ..........11,342,352 ..........11,200,000 ..........11,184,054 .......................... ...............3,789 ............................ .......................... ..........5.450 ..........5.493 MS..... ...........184,816 ...........610,400 09/06/2007. 09/12/2012.<br />
067383 AA 7 BARD (CR) INC NTS........................................................................... ....... .. ........... .1FE ............9,845,325 ......100.207 ............9,519,665 ............9,500,000 ............9,797,175 .......................... ..............(8,668) ............................ .......................... ..........6.700 ..........6.404 JD...... .............53,042 ...........636,500 05/21/2002. 12/01/2026.<br />
067901 AA 6 BARRICK GOLD CORP NT................................................................ ....... .. ........... .2FE ..........15,132,403 ........74.578 ..........11,484,266 ..........15,399,000 ..........15,134,261 .......................... ...............3,788 ............................ .......................... ..........5.800 ..........5.927 MN..... ...........114,124 ...........893,142 04/19/2007. 11/15/2034.<br />
06849V AA 1 BARRICK GOLD FIN CO GTD NT...................................................... ....... .. ........... .2FE ............4,651,100 ........72.418 ............3,620,900 ............5,000,000 ............4,662,469 .......................... ...............5,075 ............................ .......................... ..........5.800 ..........6.332 MN..... .............37,056 ...........290,000 08/28/2006. 11/15/2034.<br />
071813 AU 3 BAXTER INTERNATIONAL INC GLOBA........................................... ....... .. .........1 .1FE ..........14,535,550 ......100.479 ..........15,071,850 ..........15,000,000 ..........14,709,007 .......................... .............39,075 ............................ .......................... ..........4.625 ..........4.992 MS..... ...........204,271 ...........693,750 03/01/2004. 03/15/2015.<br />
071813 AW 9 BAXTER INTL INC SR NT.................................................................. ....... .. ........... .1FE ............7,475,400 ......108.157 ............8,111,775 ............7,500,000 ............7,480,012 .......................... ...............2,005 ............................ .......................... ..........5.900 ..........5.943 MS..... ...........147,500 ...........442,500 08/03/2006. 09/01/2016.<br />
073252 AA 6 BAYVIEW RESH CTR LS FIN TR 04.................................................. ....... .. ........... .1FE ..........19,998,045 ......102.980 ..........20,593,987 ..........19,998,045 ..........19,998,045 .......................... .......................... ............................ .......................... ..........6.330 ..........6.330 JJ....... ...........583,710 ........1,265,876 05/13/2004. 01/15/2037.<br />
054937 AF 4 BB&T CORP SB NT............................................................................ ....... .. ........... .1FE .................12,458 ........89.501 .................13,425 .................15,000 .................12,522 .......................... ....................64 ............................ .......................... ..........5.250 ..........7.503 MN..... ..................131 ..................394 07/21/2008. 11/01/2019.<br />
054937 AG 2 BB&T CORP SUB NTS....................................................................... ....... .. ........... .1FE ..........13,993,064 ........90.176 ..........12,629,149 ..........14,005,000 ..........13,995,901 .......................... ..................789 ............................ .......................... ..........4.900 ..........4.908 JD...... ...............1,906 ........1,029,123 09/11/2008. 06/30/2017.<br />
054937 AD 9 BB&T CORPORATION GLBL NT....................................................... ....... .. ........... .1FE ..........35,784,667 ........95.188 ..........34,324,793 ..........36,060,000 ..........35,925,737 .......................... .............31,636 ............................ .......................... ..........4.750 ..........4.859 AO...... ...........428,213 ........1,712,850 10/13/2004. 10/01/2012.<br />
054937 AC 1 BB&T CORPORATION SB NT............................................................ ....... .. ........... .1FE ..........11,260,815 ......101.219 ..........10,904,323 ..........10,773,000 ..........10,938,103 .......................... ............(87,318) ............................ .......................... ..........6.500 ..........5.851 FA...... ...........291,769 ...........698,620 09/17/2008. 08/01/2011.<br />
054937 AE 7 BB&T CORPORATION SUB NT......................................................... ....... .. ........... .1FE ..........35,775,710 ........95.042 ..........35,165,540 ..........37,000,000 ..........36,170,554 .......................... .............93,742 ............................ .......................... ..........5.200 ..........5.590 JD...... .............42,756 ........1,924,000 05/13/2004. 12/23/2015.<br />
073902 CE 6 BEAR STEARNS CO GLOBAL NTS.................................................. ....... .. ........... .1FE ............8,973,630 ........99.149 ............8,923,410 ............9,000,000 ............8,992,306 .......................... ...............3,949 ............................ .......................... ..........4.500 ..........4.549 AO...... .............70,875 ...........405,000 10/21/2003. 10/28/2010.<br />
073928 KJ 1 BEAR STEARNS CO MTN SER B..................................................... ....... .. ........... .1FE ............5,690,750 ........99.947 ............4,997,350 ............5,000,000 ............5,078,122 .......................... ..........(140,977) ............................ .......................... ..........7.342 ..........4.361 JJ....... ...........172,333 ...........367,100 04/14/2004. 07/13/2009.<br />
07383F MQ 8 BEAR STEARNS COMM MTG SER 2002.......................................... ....... .. .......23 .1FE ............5,024,576 ........89.916 ............4,495,800 ............5,000,000 ............5,010,512 .......................... ..............(2,552) ............................ .......................... ..........4.970 ..........4.931 MON.. .............20,708 ...........248,500 09/24/2002. 11/11/2035.<br />
07385T AJ 5 BEAR STEARNS COS INC GLBL NT................................................. ....... .. ........... .1FE ..........15,367,010 ........97.630 ..........14,644,500 ..........15,000,000 ..........15,243,090 .......................... ............(34,894) ............................ .......................... ..........5.700 ..........5.371 MN..... ...........109,250 ...........855,000 01/20/2005. 11/15/2014.<br />
073902 KF 4 BEAR STEARNS COS INC GLOBAL NT........................................... ....... .. ........... .1FE ............7,949,280 ........96.210 ............7,696,800 ............8,000,000 ............7,962,530 .......................... ...............4,424 ............................ .......................... ..........5.300 ..........5.383 AO...... .............71,844 ...........424,000 10/28/2005. 10/30/2015.<br />
073902 PN 2 BEAR STEARNS COS INC SB GLBL N............................................. ....... .. ........... .1FE ............4,910,600 ........95.199 ............4,759,950 ............5,000,000 ............4,922,815 .......................... ...............7,329 ............................ .......................... ..........5.550 ..........5.791 JJ....... ...........122,563 ...........277,500 04/13/2007. 01/22/2017.<br />
075887 AQ 2 BECTON DICKINSON & CO DEBS.................................................... ....... .. ........... .1FE ............2,990,010 ......106.440 ............3,193,200 ............3,000,000 ............2,991,573 .......................... ..................203 ............................ .......................... ..........6.700 ..........6.726 FA...... .............83,750 ...........201,000 07/29/1998. 08/01/2028.<br />
075887 AT 6 BECTON DICKINSON & CO NTS...................................................... LS... .. .........1 .1FE ..........10,324,805 ........93.810 ..........10,084,575 ..........10,750,000 ..........10,441,387 .......................... .............25,136 ............................ .......................... ..........4.900 ..........5.296 AO...... ...........111,203 ...........526,750 12/01/2003. 04/15/2018.<br />
07783@ AA 4 BELK INC NTS SER A........................................................................ ....... .. ........... ......2 ............5,000,000 ........94.146 ............4,707,300 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.050 ..........5.050 JJ....... ...........118,535 ...........252,500 07/12/2005. 07/12/2012.<br />
07783@ AB 2 BELK INC NTS SER B........................................................................ ....... .. ........... ......2 ............6,000,000 ........88.793 ............5,327,580 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........5.310 ..........5.310 JJ....... ...........149,565 ...........318,600 07/12/2005. 07/12/2015.
E10.34<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
07786D AA 4 BELL ATLANTIC PA INC DB.............................................................. ....... .. ........... .1FE ............1,682,200 ........74.752 ............1,495,040 ............2,000,000 ............1,719,491 .......................... ...............6,081 ............................ .......................... ..........6.000 ..........7.351 JD...... .............10,000 ...........120,000 04/09/2001. 12/01/2028.<br />
079860 AB 8 BELLSOUTH CORP NT...................................................................... ....... .. ........... .1FE ..........22,027,124 ......102.041 ..........21,734,733 ..........21,300,000 ..........21,577,156 .......................... ............(91,640) ............................ .......................... ..........6.000 ..........5.484 AO...... ...........269,800 ........1,278,000 09/17/2003. 10/15/2011.<br />
079860 AF 9 BELLSOUTH CORP NT...................................................................... ....... .. ........... .1FE ............1,003,580 ......100.392 ............1,003,920 ............1,000,000 ............1,000,585 .......................... .................(798) ............................ .......................... ..........4.200 ..........4.114 MS..... .............12,367 .............42,000 01/03/2005. 09/15/2009.<br />
079860 AJ 1 BELLSOUTH CORP NT...................................................................... ....... .. ........... .1FE ............6,556,036 ........98.107 ............6,475,062 ............6,600,000 ............6,572,089 .......................... ...............6,346 ............................ .......................... ..........4.750 ..........4.870 MN..... .............40,058 ...........313,500 11/15/2006. 11/15/2012.<br />
079867 AS 6 BELLSOUTH CORP STEP UP DB..................................................... ....... .. .........3 .1FE ............8,198,586 ........38.814 ..........14,283,552 ..........36,800,000 ..........20,842,969 .......................... ........1,420,606 ............................ .......................... ................... ..........1.519 JD...... .......................... .......................... 10/21/1996. 12/15/2095.<br />
079867 AQ 0 BELLSOUTH TELECOM CORP DB................................................... ....... .. ........... .1FE ..........14,982,028 ......102.073 ..........16,438,576 ..........16,104,725 ..........15,455,436 .......................... ...........153,293 ............................ .......................... ..........6.300 ..........7.336 JD...... .............45,093 ........1,014,832 12/09/2004. 12/15/2015.<br />
079867 AW 7 BELLSOUTH TELECOM INC DBS..................................................... ....... .. ........... .1FE ............4,430,247 ......100.413 ............5,020,650 ............5,000,000 ............4,507,135 .......................... .............11,228 ............................ .......................... ..........6.375 ..........7.745 JD...... .............26,563 ...........318,750 01/06/2000. 06/01/2028.<br />
081437 AE 5 BEMIS COMPANY INC NTS............................................................... ....... .. .........1 .2FE ............9,432,591 ........90.295 ............8,478,701 ............9,390,000 ............9,412,476 .......................... ..............(6,247) ............................ .......................... ..........4.875 ..........4.796 AO...... ...........114,441 ...........457,763 09/14/2005. 04/01/2012.<br />
084423 AP 7 BERKLEY W R CORP SR SB NT....................................................... ....... .. ........... .2FE ..........14,967,600 ........84.548 ..........12,682,200 ..........15,000,000 ..........14,968,342 .......................... ..................406 ............................ .......................... ..........6.250 ..........6.266 FA...... ...........354,167 ...........937,500 02/09/2007. 02/15/2037.<br />
084664 AD 3 BERKSHIRE HATHAWAY CO GUARNT........................................... ....... .. .........1 .1FE ............9,950,700 ........99.228 ............9,922,800 ..........10,000,000 ............9,973,677 .......................... ...............4,794 ............................ .......................... ..........4.625 ..........4.687 AO...... .............97,639 ...........462,500 09/29/2003. 10/15/2013.<br />
084664 AM 3 BERKSHIRE HATHAWAY FIN NTS................................................... LS... .. .........1 .1FE ............9,083,568 ........99.946 ............8,995,140 ............9,000,000 ............9,052,029 .......................... ..............(8,023) ............................ .......................... ..........5.100 ..........4.979 JJ....... ...........211,650 ...........459,000 09/13/2004. 07/15/2014.<br />
084664 AT 8 BERKSHIRE HATHAWAY FIN SR NTS............................................. ....... .. .........1 .1FE ............9,031,590 ......100.169 ............9,015,210 ............9,000,000 ............9,021,040 .......................... ..............(2,937) ............................ .......................... ..........4.850 ..........4.805 JJ....... ...........201,275 ...........436,500 01/20/2005. 01/15/2015.<br />
V1040# AB 8 BEZON SHIPPING/MICHSON 2006-B............................................... ....... F ........... ......2 ..........29,000,000 ........93.678 ..........27,166,620 ..........29,000,000 ..........29,000,000 .......................... .......................... ............................ .......................... ..........6.090 ..........6.090 JD...... .............78,493 ........1,766,100 06/22/2006. 06/15/2016.<br />
08863@ AA 5 BGC PARTNERS SR NT.................................................................... ....... .. ........... ......2 ............6,449,540 ........95.243 ............6,286,038 ............6,600,000 ............6,503,540 .......................... .............54,000 ............................ .......................... ..........5.190 ..........6.423 AO...... .............85,635 ...........171,270 04/01/2008. 04/01/2010.<br />
055451 AA 6 BHP BILLITON FIN USA LTD GLBL................................................... LS... .. ........... .1FE ............3,995,600 ........92.822 ............3,712,880 ............4,000,000 ............3,997,849 .......................... ..................441 ............................ .......................... ..........4.800 ..........4.814 AO...... .............40,533 ...........192,000 04/14/2003. 04/15/2013.<br />
055451 AB 4 BHP BILLITON FINANCE USA LTD C............................................... ....... .. ........... .1FE ..........29,927,850 ........89.536 ..........26,860,800 ..........30,000,000 ..........29,944,658 .......................... ...............6,256 ............................ .......................... ..........5.250 ..........5.281 JD...... .............70,000 ........1,575,000 03/06/2006. 12/15/2015.<br />
055451 AC 2 BHP BILLITON FINANCE USA LTD C............................................... ....... F ........... .1FE ............9,953,600 ........98.338 ............9,833,800 ..........10,000,000 ............9,980,452 .......................... ...............9,262 ............................ .......................... ..........5.000 ..........5.106 JD...... .............22,222 ...........500,000 12/06/2005. 12/15/2010.<br />
055450 AC 4 BHP FINANCE (USA) LIMITED GTD.................................................. ....... .. ........... .1FE ............6,085,710 ......106.268 ............6,376,080 ............6,000,000 ............6,029,578 .......................... ..............(6,317) ............................ .......................... ..........8.500 ..........8.347 JD...... .............42,500 ...........510,000 05/31/1995. 12/01/2012.<br />
055450 AG 5 BHP FINANCE USA GTD NTS........................................................... ....... F ........... .1FE ............4,811,500 ......101.186 ............5,059,300 ............5,000,000 ............4,899,275 .......................... .............10,231 ............................ .......................... ..........7.250 ..........7.620 MS..... ...........120,833 ...........362,500 04/24/1996. 03/01/2016.<br />
055450 AE 0 BHP FINANCE USA LTD DB.............................................................. ....... F ........... .1FE ............4,597,400 ......102.346 ............5,117,300 ............5,000,000 ............4,836,624 .......................... .............27,058 ............................ .......................... ..........6.750 ..........7.570 MN..... .............56,250 ...........337,500 08/03/1995. 11/01/2013.<br />
000000 00 0 BIG WEST OIL LLC TRNCH B TERM................................................ ....... .. .......23 .3FE ............2,187,500 ........45.000 ...............984,375 ............2,187,500 ............2,187,500 .......................... .......................... ............................ .......................... ..........5.000 ..........7.610 MON.. .............18,229 ...........115,079 05/02/2007. 12/31/2014.<br />
000000 00 0 BIG WEST OIL LLC TRNCH DD DELA.............................................. ....... .. .........3 .3FE ............2,750,000 ........45.000 ............1,237,500 ............2,750,000 ............2,750,000 .......................... .......................... ............................ .......................... ..........4.471 ..........7.610 MON.. .............22,860 .............66,455 06/24/2008. 05/15/2014.<br />
090572 AG 3 BIO RAD LABS INC SR SB NT........................................................... ....... .. .........1 .3FE ............4,000,000 ........88.750 ............3,550,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........7.500 ..........7.500 FA...... ...........113,333 ...........300,000 08/06/2003. 08/15/2013.<br />
055482 AJ 2 BJ SERVICES CO SR NT................................................................... ....... .. ........... .2FE ..........16,985,310 ........85.646 ..........14,559,820 ..........17,000,000 ..........16,985,963 .......................... ..................653 ............................ .......................... ..........6.000 ..........6.061 JD...... .............85,000 ...........544,000 05/14/2008. 06/01/2018.<br />
091797 AJ 9 BLACK & DECKER CORP NT............................................................ ....... .. ........... .2FE ............6,751,121 ........98.753 ............6,542,386 ............6,625,000 ............6,664,558 .......................... ............(14,612) ............................ .......................... ..........7.125 ..........6.851 JD...... .............39,336 ...........472,031 11/26/2001. 06/01/2011.<br />
091797 AM 2 BLACK & DECKER CORP NTS.......................................................... ....... .. .........1 .2FE ..........11,681,220 ........87.355 ..........10,482,600 ..........12,000,000 ..........11,786,953 .......................... .............30,604 ............................ .......................... ..........4.750 ..........5.106 MN..... .............95,000 ...........570,000 05/20/2005. 11/01/2014.<br />
Q1403* AB 9 BLUESCOPE STEEL (FINANCE) SER.............................................. ....... F ........... ......2 ..........16,396,097 ........83.999 ..........14,279,830 ..........17,000,000 ..........16,434,288 .......................... .............38,190 ............................ .......................... ..........5.740 ..........6.650 JJ....... ...........487,900 .......................... 06/13/2008. 07/01/2014.<br />
Q1403* AD 5 BLUESCOPE STEEL (FINANCE) SER.............................................. ....... F ........... ......2 ..........26,085,000 ........88.895 ..........23,112,700 ..........26,000,000 ..........26,085,000 .......................... .......................... ............................ .......................... ..........6.710 ..........6.710 JD...... ...........168,328 ...........707,905 07/01/2008. 06/30/2018.<br />
05566G AA 7 BNP PARIBAS LLC US GTD SB 144A............................................... ....... .. ........... .1FE ..........20,021,520 ........89.525 ..........17,905,000 ..........20,000,000 ..........20,012,377 .......................... ..............(1,715) ............................ .......................... ..........5.125 ..........5.113 JJ....... ...........472,639 ........1,025,000 01/08/2003. 01/15/2015.<br />
05566S AA 1 BNSF RY CO 2005 3 PSTHR TR CTF................................................ ....... .. ........... .1FE ............3,078,917 ......115.000 ............3,540,754 ............3,078,917 ............3,078,917 .......................... .......................... ............................ .......................... ..........4.830 ..........4.830 JJ....... .............68,573 ...........148,712 07/27/2005. 01/15/2023.<br />
000000 00 0 BNY CONVERGEX GROUP LLC TRNCH.......................................... ....... .. .......23 .4FE ............5,648,607 ........65.500 ............3,696,071 ............5,642,857 ............5,647,027 .......................... .................(947) ............................ .......................... ..........5.700 ..........8.380 MON.. .............27,243 ...........366,029 01/10/2007. 09/29/2013.<br />
097014 AD 6 BOEING CAPITAL CORP BDS........................................................... ....... .. ........... .1FE ..........22,124,145 ......101.254 ..........21,430,409 ..........21,165,000 ..........21,516,153 .......................... ..........(150,596) ............................ .......................... ..........6.100 ..........5.275 MS..... ...........430,355 ........1,291,065 04/07/2005. 03/01/2011.<br />
09700W AK 9 BOEING CAPITAL CORP SER X SR M............................................. ....... .. ........... .1FE ............4,745,650 ......100.126 ............5,006,300 ............5,000,000 ............4,998,416 .......................... .............36,609 ............................ .......................... ..........6.580 ..........7.355 MS..... .............96,872 ...........329,000 11/24/1999. 01/15/2009.<br />
097014 AC 8 BOEING CAPITAL CORP SR NT....................................................... ....... .. ........... .1FE ...............686,492 ......104.383 ...............662,832 ...............635,000 ...............647,332 .......................... ..............(6,511) ............................ .......................... ..........7.375 ..........6.181 MS..... .............12,228 .............46,831 10/10/2001. 09/27/2010.<br />
097014 AG 9 BOEING CAPITAL CORP SR NT....................................................... ....... .. ........... .1FE ............1,015,910 ......102.208 ............1,022,080 ............1,000,000 ............1,006,395 .......................... ..............(1,799) ............................ .......................... ..........6.500 ..........6.272 FA...... .............24,556 .............65,000 11/05/2001. 02/15/2012.<br />
097023 AT 2 BOEING CO NT................................................................................... ....... .. .........1 .1FE ..........15,002,100 ........99.903 ..........14,985,450 ..........15,000,000 ..........15,001,084 .......................... .................(231) ............................ .......................... ..........5.125 ..........5.123 FA...... ...........290,417 ...........768,750 02/11/2003. 02/15/2013.<br />
097023 AM 7 BOEING COMPANY NT...................................................................... ....... .. ........... .1FE ............3,977,830 ......111.274 ............4,450,960 ............4,000,000 ............3,981,833 .......................... ..................490 ............................ .......................... ..........7.250 ..........7.296 JD...... .............12,889 ...........290,000 06/27/1996. 06/15/2025.<br />
097383 AT 0 BOISE CASCADE CORPORATION DB............................................. LS... .. ........... .3FE ............3,985,685 ........21.750 ...............960,263 ............4,415,000 ............4,177,035 .......................... .............23,773 ............................ .......................... ..........7.350 ..........8.372 FA...... ...........135,209 ...........324,503 09/25/1996. 02/01/2016.<br />
099514 A@ 0 BORAL LTD GTD SR NT.................................................................... ....... F ........... ......2 ..........25,000,000 ........98.114 ..........24,528,500 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........7.120 ..........7.120 AO...... ...........370,833 ...........890,000 04/16/2008. 04/16/2018.<br />
09951# AE 6 BORAL USA SR NTS.......................................................................... ....... F ........... ......2 ..........14,000,000 ........94.003 ..........13,160,420 ..........14,000,000 ..........14,000,000 .......................... .......................... ............................ .......................... ..........5.420 ..........5.420 MN..... ...........109,604 ...........758,800 05/09/2005. 05/09/2015.<br />
G1252@ AA 2 BORD GAIS EIREANN SER A SR NTS............................................. ....... F ........... ......1 ..........20,000,000 ......100.030 ..........20,006,000 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........4.580 ..........4.580 AO...... ...........175,567 ...........916,000 10/22/2003. 10/22/2010.<br />
G1252@ AC 8 BORD GAIS EIREANN SER C SR. NT............................................... ....... F ........... ......1 ............5,000,000 ........96.820 ............4,841,000 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.260 ..........5.260 AO...... .............50,408 ...........263,000 10/22/2003. 10/22/2014.<br />
099724 AB 2 BORG-WARNER AUTOMOTIVE SR NTS......................................... ....... .. .........1 .2FE ............4,880,800 ......100.054 ............5,002,700 ............5,000,000 ............4,997,958 .......................... .............15,731 ............................ .......................... ..........6.500 ..........6.834 FA...... ...........122,778 ...........325,000 03/02/1999. 02/15/2009.<br />
10010R AB 3 BOSPHORUS FINL SVCS LTD 2004-B............................................. ....... F .........3 .2FE ..........13,333,332 ........98.246 ..........13,099,466 ..........13,333,332 ..........13,333,332 .......................... .......................... ............................ .......................... ..........6.101 ..........6.100 FMAN. ...........103,950 ...........813,520 11/16/2004. 11/15/2009.<br />
101137 AB 3 BOSTON SCIENTIFC NTS................................................................. ....... .. ........... .3FE ............5,159,900 ........85.000 ............4,250,000 ............5,000,000 ............5,104,133 .......................... ............(16,213) ............................ .......................... ..........5.450 ..........5.010 JD...... .............12,111 ...........272,500 04/19/2005. 06/15/2014.<br />
101137 AE 7 BOSTON SCIENTIFIC CORP BD....................................................... ....... .. .........3 .3FE ..........18,767,320 ........74.000 ..........14,430,000 ..........19,500,000 ..........18,786,875 .......................... ...............8,340 ............................ .......................... ..........7.000 ..........6.538 MN..... ...........174,417 ........1,365,000 07/14/2006. 11/15/2035.<br />
101137 AF 4 BOSTON SCIENTIFIC CORP BD....................................................... ....... .. .........3 .3FE ............7,938,240 ........84.000 ............6,720,000 ............8,000,000 ............7,953,756 .......................... ...............5,218 ............................ .......................... ..........6.250 ..........5.602 MN..... .............63,889 ...........500,000 11/14/2005. 11/15/2015.<br />
101137 AG 2 BOSTON SCIENTIFIC CORP SR NT................................................. ....... .. ........... .3FE ............4,959,400 ........85.500 ............4,275,000 ............5,000,000 ............4,967,056 .......................... ...............3,337 ............................ .......................... ..........6.400 ..........6.511 JD...... .............14,222 ...........320,000 08/02/2006. 06/15/2016.<br />
10138M AH 8 BOTTLING GROUP LLC GTD NT...................................................... ....... .. ........... .1FE .................56,030 ......108.581 .................59,720 .................55,000 .................56,019 .......................... ...................(11) ............................ .......................... ..........6.950 ..........6.520 MS..... ..................711 .......................... 12/08/2008. 03/15/2014.<br />
10138M AG 0 BOTTLING GROUP LLC NT............................................................... ....... .. ........... .1FE ..........13,910,590 ......100.065 ..........14,009,100 ..........14,000,000 ..........13,930,573 .......................... ...............7,552 ............................ .......................... ..........5.500 ..........5.584 AO...... ...........192,500 ...........770,000 11/01/2006. 04/01/2016.<br />
10138M AB 1 BOTTLING GROUP LLC SR NT......................................................... ....... .. ........... .1FE ............4,901,900 ......101.115 ............5,055,750 ............5,000,000 ............4,952,902 .......................... .............10,788 ............................ .......................... ..........4.625 ..........4.895 MN..... .............29,549 ...........231,250 10/15/2003. 11/15/2012.<br />
102183 AG 5 BOWATER INC DB............................................................................. ....... .. ........... .5FE ............4,921,250 ........10.000 ...............475,000 ............4,750,000 ...............475,000 .......................... ............(23,642) ...........4,385,512 .......................... ..........9.500 ..........8.763 AO...... .............95,264 ...........451,250 05/15/2006. 10/15/2012.<br />
102183 AE 0 BOWATER INC DEB........................................................................... ....... .. ........... .5FE ............1,178,790 ........10.000 ...............100,000 ............1,000,000 ...............100,000 .......................... ..............(5,632) ...........1,029,348 .......................... ..........9.375 ..........7.774 JD...... ...............4,167 .............93,750 06/01/1995. 12/15/2021.
E10.35<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
102183 AC 4 BOWATER INC NT.............................................................................. ....... .. ........... .5FE ............7,483,750 ........26.000 ............1,820,000 ............7,000,000 ............1,820,000 .......................... ..........(103,150) ...........5,244,018 .......................... ..........9.000 ..........7.373 FA...... ...........262,500 ...........630,000 05/17/2004. 08/01/2009.<br />
05565Q BF 4 BP CAPITAL MARKETS PLC SR NT................................................. ....... .. ........... .1FE .................15,241 ......104.394 .................15,659 .................15,000 .................15,238 .......................... .....................(2) ............................ .......................... ..........5.250 ..........4.877 MN..... ..................118 .......................... 12/08/2008. 11/07/2013.<br />
10468* AB 0 BRADY CORP SER 2006A SR NT..................................................... ....... .. ........... ......1 ..........20,000,000 ........96.541 ..........19,308,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.300 ..........5.300 FA...... ...........403,389 ........1,060,000 01/25/2006. 02/14/2016.<br />
10468* AA 2 BRADY CORP SR NTS....................................................................... ....... .. ........... ......1 ..........18,042,857 ........97.493 ..........17,966,567 ..........18,428,571 ..........18,045,173 .......................... ...............2,316 ............................ .......................... ..........5.140 ..........5.922 JD...... ...........173,108 ...........616,800 12/02/2008. 06/28/2014.<br />
10510@ AA 8 BRAMBLES USA SER A GTD SR NT................................................ ....... .. ........... ......2 ..........24,000,000 ........98.923 ..........23,741,520 ..........24,000,000 ..........24,000,000 .......................... .......................... ............................ .......................... ..........5.390 ..........5.390 FA...... ...........528,220 ........1,293,600 08/04/2004. 08/04/2011.<br />
10510@ AB 6 BRAMBLES USA SER B GTD SR UNSE........................................... ....... .. ........... ......2 ............4,000,000 ........96.552 ............3,862,080 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........5.770 ..........5.770 FA...... .............94,243 ...........230,800 08/04/2004. 08/04/2014.<br />
10510@ AC 4 BRAMBLES USA SR NTS.................................................................. ....... .. ........... ......2 ..........20,000,000 ........94.278 ..........18,855,600 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.940 ..........5.940 FA...... ...........485,100 ........1,188,000 08/04/2004. 08/04/2016.<br />
10513K AB 0 BRANCH BKG & TR CO WILSON MTN............................................. ....... .. .........3 .1FE ..........35,000,000 ........83.003 ..........29,051,050 ..........35,000,000 ..........35,000,000 .......................... .......................... ............................ .......................... ..........3.138 ..........3.188 MJSD. .............57,980 ...........846,845 03/13/2008. 09/13/2016.<br />
10513Q BD 2 BRANCH BKG & TR CO WILSON NC S............................................ ....... .. ........... .1FE ............9,954,800 ........94.206 ............9,420,600 ..........10,000,000 ............9,979,344 .......................... ...............4,513 ............................ .......................... ..........4.875 ..........4.932 JJ....... ...........224,792 ...........487,500 12/16/2002. 01/15/2013.<br />
10600P AA 5 BRAZILIAN MER VOUCH RECV 2003-.............................................. ....... F ........... .1FE ............7,815,954 ........97.388 ............7,611,801 ............7,815,954 ............7,815,954 .......................... .......................... ............................ .......................... ..........5.911 ..........5.911 MJSD. .............20,533 ...........462,001 07/02/2003. 06/15/2011.<br />
05564E BB 1 BRE PROPERTIES INC NTS............................................................. ....... .. .........1 .2FE ............9,981,600 ........86.058 ............8,605,800 ..........10,000,000 ............9,995,096 .......................... ...............2,144 ............................ .......................... ..........7.450 ..........7.477 JJ....... ...........343,528 ...........745,000 01/08/2001. 01/15/2011.<br />
109641 AE 0 BRINKER INTL INC NT....................................................................... ....... .. ........... .3FE ..........28,878,440 ........78.820 ..........22,857,800 ..........29,000,000 ..........28,992,967 .......................... ...............1,042 ............................ .......................... ..........5.750 ..........5.805 JD...... ...........138,958 ........1,667,500 06/15/2004. 06/01/2014.<br />
11041R AL 2 BRITISH AEROSPACE FINANCE INC............................................... ....... .. ........... .2FE ............7,191,164 ......128.128 ............9,097,088 ............7,100,000 ............7,179,176 .......................... ..............(1,959) ............................ .......................... ..........7.500 ..........7.387 JJ....... ...........266,250 ...........532,500 04/10/2001. 07/01/2027.<br />
111013 AD 0 BRITISH SKY BROADCASTING GRP P............................................ ....... .. ........... .2FE ..........17,235,650 ......101.654 ..........15,248,100 ..........15,000,000 ..........15,294,989 .......................... ..........(421,407) ............................ .......................... ..........8.200 ..........4.481 JJ....... ...........567,167 ........1,230,000 03/03/2005. 07/15/2009.<br />
111021 AD 3 BRITISH TELECOM PLC NTS............................................................ ....... .. .........3 .2FE ............2,489,457 ......102.870 ............2,057,400 ............2,000,000 ............2,146,027 .......................... ............(69,618) ............................ .......................... ..........8.625 ..........4.232 JD...... ...............7,667 ...........172,500 05/14/2003. 12/15/2010.<br />
111021 AE 1 BRITISH TELECOMMUNICATIONS PLC.......................................... ....... .. .........3 .2FE ..........28,271,120 ......106.294 ..........26,573,500 ..........25,000,000 ..........28,101,617 .......................... ............(56,714) ............................ .......................... ..........9.125 ..........7.453 JD...... ...........101,389 ........2,281,250 08/02/2006. 12/15/2030.<br />
111022 AA 7 BRITISH TRANSCO FINANCE INC GT.............................................. ....... F ........... .1FE ..........12,567,077 ........89.503 ..........10,491,542 ..........11,722,000 ..........12,328,026 .......................... ............(50,411) ............................ .......................... ..........6.625 ..........5.875 JD...... .............64,715 ...........776,583 03/28/2003. 06/01/2018.<br />
115885 AK 1 BROWNING FERRIS INDS INC DB................................................... ....... .. ........... .2FE ..........19,386,532 ........82.497 ..........16,227,160 ..........19,670,000 ..........19,411,506 .......................... ...............2,973 ............................ .......................... ..........7.400 ..........7.515 MS..... ...........428,587 ........1,455,580 01/07/1999. 09/15/2035.<br />
115885 AE 5 BROWNING-FERRIS IND DEBS........................................................ ....... .. ........... .2FE ............3,119,400 ........98.823 ............2,964,690 ............3,000,000 ............3,085,706 .......................... ..............(3,718) ............................ .......................... ..........9.250 ..........8.864 MN..... .............46,250 ...........277,500 02/18/1992. 05/01/2021.<br />
117043 AG 4 BRUNSWICK CORP NOTES.............................................................. ....... .. ........... .5FE ............5,967,960 ........32.947 ............1,976,820 ............6,000,000 ............5,973,075 .......................... ..................677 ............................ .......................... ..........7.125 ..........7.169 FA...... ...........178,125 ...........427,500 01/21/1999. 08/01/2027.<br />
11778B AA 0 BSKYB FINANCE UK PLC SR NT 144............................................... ....... .. ........... .2FE ..........24,676,550 ........84.172 ..........21,043,000 ..........25,000,000 ..........24,744,635 .......................... .............29,772 ............................ .......................... ..........5.625 ..........5.808 AO...... ...........296,875 ........1,406,250 10/19/2006. 10/15/2015.<br />
11778B AB 8 BSKYB FINANCE UK PLC SR NT 144............................................... ....... .. ........... .2FE ..........14,873,400 ........73.451 ..........11,017,650 ..........15,000,000 ..........14,878,068 .......................... ...............1,642 ............................ .......................... ..........6.500 ..........6.564 AO...... ...........205,833 ...........975,000 12/14/2005. 10/15/2035.<br />
118230 AD 3 BUCKEYE PARTNERS LP NT........................................................... ....... .. ........... .2FE ..........49,356,496 ........85.531 ..........41,833,212 ..........48,910,000 ..........49,195,017 .......................... ............(41,439) ............................ .......................... ..........5.300 ..........5.182 AO...... ...........547,249 ........2,592,230 03/22/2005. 10/15/2014.<br />
118230 AA 9 BUCKEYE PARTNERS LP SR NT..................................................... ....... .. ........... .2FE ..........13,711,903 ........85.019 ..........12,030,189 ..........14,150,000 ..........13,891,353 .......................... .............45,544 ............................ .......................... ..........4.625 ..........5.077 JJ....... ...........301,768 ...........637,094 06/19/2008. 07/15/2013.<br />
118230 AG 6 BUCKEYE PARTNERS LP SR NT..................................................... ....... .. ........... .2FE ..........12,000,000 ........83.826 ..........10,059,120 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........6.050 ..........6.050 JJ....... ...........334,767 ...........371,067 01/08/2008. 01/15/2018.<br />
118230 AE 1 BUCKEYE PARTNERS SR NTS........................................................ ....... .. .........1 .2FE ............6,986,980 ........79.008 ............5,530,560 ............7,000,000 ............6,990,015 .......................... ..................915 ............................ .......................... ..........5.125 ..........5.146 JJ....... ...........179,375 ...........358,750 06/27/2005. 07/01/2017.<br />
000000 00 0 BUILDING MATERIALS CORP TRNCH............................................. ....... .. .......23 .4FE ............4,906,150 ........61.000 ............2,989,531 ............4,900,871 ............4,904,961 .......................... .................(799) ............................ .......................... ..........5.687 ..........8.086 MON.. .............70,027 ...........322,030 03/14/2007. 02/22/2014.<br />
120568 AH 3 BUNGE LTD FINANCE CORP NTS................................................... LS... .. .........1 .2FE ..........25,795,105 ........67.898 ..........17,313,990 ..........25,500,000 ..........25,652,726 .......................... ............(30,014) ............................ .......................... ..........5.875 ..........5.719 MN..... ...........191,427 ........1,498,125 12/01/2003. 05/15/2013.<br />
120568 AM 2 BUNGE LTD FINANCE CORP NTS................................................... ....... .. .........1 .2FE ............9,094,640 ........71.742 ............6,456,780 ............9,000,000 ............9,061,553 .......................... ..............(9,934) ............................ .......................... ..........5.350 ..........5.200 AO...... ...........101,650 ...........481,500 05/20/2005. 04/15/2014.<br />
120568 AQ 3 BUNGE LTD FINANCE CORP NTS................................................... ....... .. .........1 .2FE ............1,997,500 ........72.743 ............1,454,860 ............2,000,000 ............1,998,237 .......................... ..................222 ............................ .......................... ..........5.100 ..........5.116 JJ....... .............47,033 ...........102,000 07/06/2005. 07/15/2015.<br />
G1696# AC 0 BUNZL FINANCE PLC SER C GTD NT............................................. ....... F ........... ......2 ............7,000,000 ......100.814 ............7,056,980 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........7.100 ..........7.100 JJ....... ...........247,119 ...........497,000 07/02/2001. 07/02/2011.<br />
12189P AC 6 BURLINGTON NORTHERN & SANTA FE......................................... ....... .. ........... .1FE ............6,197,305 ......107.655 ............6,968,347 ............6,472,851 ............6,353,039 .......................... .............21,123 ............................ .......................... ..........6.220 ..........6.760 JJ....... ...........200,187 ...........396,382 05/08/2001. 11/09/2019.<br />
12189P AG 7 BURLINGTON NORTHERN & SANTA FE......................................... ....... .. ........... .1FE ............8,848,112 ......111.897 ............9,900,771 ............8,848,112 ............8,848,112 .......................... .......................... ............................ .......................... ..........8.251 ..........8.251 JJ....... ...........336,638 ...........730,058 06/23/2000. 01/15/2021.<br />
12189P AM 4 BURLINGTON NORTHERN & SANTA FE......................................... ....... .. ........... .1FE ............4,571,783 ......102.240 ............4,674,191 ............4,571,783 ............4,571,783 .......................... .......................... ............................ .......................... ..........5.140 ..........5.140 JJ....... ...........108,356 ...........234,988 09/12/2002. 01/15/2021.<br />
121899 DK 1 BURLINGTON NORTHERN RR CO PTC........................................... ....... .. ........... .1FE ............1,545,519 ......103.307 ............1,596,630 ............1,545,519 ............1,545,519 .......................... .......................... ............................ .......................... ..........7.330 ..........7.330 JD...... ...............2,517 ...........113,287 07/16/1996. 06/23/2010.<br />
12189T AB 0 BURLINGTON NORTHERN SANTA FE C......................................... ....... .. ........... .2FE ............4,800,663 ......101.598 ............4,969,158 ............4,891,000 ............4,835,627 .......................... ...............5,800 ............................ .......................... ..........6.875 ..........7.079 FA...... ...........127,030 ...........336,256 07/09/2001. 02/15/2016.<br />
12532* AA 0 BURLINGTON NORTHERN SANTA FE C......................................... ....... .. ........... ......1 ............2,592,593 ........84.860 ............2,200,074 ............2,592,593 ............2,592,593 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JJ....... .............67,664 ...........146,741 08/04/2004. 01/15/2023.<br />
12532@ AA 8 BURLINGTON NORTHERN SANTA FE C......................................... ....... .. ........... ......1 ............2,592,593 ........84.860 ............2,200,074 ............2,592,593 ............2,592,593 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JJ....... .............67,664 ...........146,741 08/04/2004. 01/15/2023.<br />
12533* AA 9 BURLINGTON NORTHERN SANTA FE C......................................... ....... .. ........... ......1 ............2,851,852 ........84.860 ............2,420,082 ............2,851,852 ............2,851,852 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JJ....... .............74,430 ...........161,415 10/13/2004. 01/15/2023.<br />
12533# AA 5 BURLINGTON NORTHERN SANTA FE C......................................... ....... .. ........... ......1 ............3,888,890 ........84.860 ............3,300,112 ............3,888,890 ............3,888,890 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JJ....... ...........101,496 ...........220,111 08/04/2004. 01/15/2023.<br />
12533@ AA 7 BURLINGTON NORTHERN SANTA FE C......................................... ....... .. ........... ......1 ............2,074,074 ........84.860 ............1,760,059 ............2,074,074 ............2,074,074 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JJ....... .............54,131 ...........117,393 10/13/2004. 01/15/2023.<br />
12189T AJ 3 BURLINGTON NORTHERN SANTA FE D......................................... ....... .. .........1 .2FE ............2,589,270 ........97.863 ............2,935,890 ............3,000,000 ............2,640,988 .......................... ...............7,506 ............................ .......................... ..........6.700 ..........7.914 FA...... .............83,750 ...........201,000 10/21/1999. 08/01/2028.<br />
12189T AQ 7 BURLINGTON NORTHERN SANTA FE D......................................... ....... .. .........1 .2FE ............4,979,450 ......108.900 ............5,445,000 ............5,000,000 ............4,984,705 .......................... ..................801 ............................ .......................... ..........8.125 ..........8.167 AO...... .............85,764 ...........406,250 04/11/2000. 04/15/2020.<br />
12189T AM 6 BURLINGTON NORTHERN SANTA FE N......................................... ....... .. ........... .2FE ............2,805,420 ......100.222 ............3,006,660 ............3,000,000 ............2,994,349 .......................... .............26,016 ............................ .......................... ..........6.125 ..........7.056 MS..... .............54,104 ...........183,750 06/09/1999. 03/15/2009.<br />
12189P AD 4 BURLINGTON NORTHERN SANTA FE P......................................... ....... .. ........... .1FE ............2,611,337 ......107.394 ............2,804,419 ............2,611,337 ............2,611,337 .......................... .......................... ............................ .......................... ..........6.230 ..........6.230 JJ....... .............80,891 ...........162,686 11/17/1998. 07/02/2018.<br />
12189P AE 2 BURLINGTON NORTHERN SANTA FE P......................................... ....... .. ........... .1FE ..........13,138,536 ......113.116 ..........14,594,113 ..........12,901,900 ..........13,056,619 .......................... ............(22,694) ............................ .......................... ..........7.160 ..........6.909 JJ....... ...........459,322 ...........923,776 05/20/2004. 01/02/2020.<br />
12189P AF 9 BURLINGTON NORTHERN SANTA FE P......................................... ....... .. ........... .1FE ............5,202,975 ......115.409 ............6,004,702 ............5,202,975 ............5,202,975 .......................... .......................... ............................ .......................... ..........7.570 ..........7.570 JJ....... ...........195,839 ...........393,866 09/16/1999. 01/02/2021.<br />
12189T AH 7 BURLINGTON NORTHERN SANTA FE P......................................... ....... .. .........2 .1FE ............8,523,046 ......109.320 ............9,317,393 ............8,523,046 ............8,523,046 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 JJ....... ...........279,698 ...........562,521 02/25/1998. 01/02/2019.<br />
12189T AK 0 BURLINGTON NORTHERN SANTA FE S......................................... ....... .. ........... .2FE ............4,942,780 ......100.870 ............5,043,500 ............5,000,000 ............4,949,880 .......................... ...............1,065 ............................ .......................... ..........7.082 ..........7.176 MN..... .............47,213 ...........354,100 08/21/2001. 05/13/2029.<br />
12201P AM 8 BURLINGTON RES FIN GTD NT....................................................... ....... I. .........1 .1FE ............4,977,650 ......102.124 ............5,106,200 ............5,000,000 ............4,992,159 .......................... ...............2,364 ............................ .......................... ..........6.500 ..........6.562 JD...... .............27,083 ...........325,000 01/16/2002. 12/01/2011.<br />
12201P AC 0 BURLINGTON RESOURCES FIN GTD N.......................................... ....... .. ........... .1FE ............4,908,250 ......102.633 ............5,131,650 ............5,000,000 ............4,968,904 .......................... .............10,473 ............................ .......................... ..........6.400 ..........6.661 FA...... ...........120,889 ...........320,000 12/21/2001. 08/15/2011.<br />
12201P AN 6 BURLINGTON RESOURCES FINANCE C......................................... ....... .. ........... .1FE ..........10,272,100 ......108.129 ..........10,812,900 ..........10,000,000 ..........10,248,251 .......................... ..............(4,190) ............................ .......................... ..........7.400 ..........7.176 JD...... .............61,667 ...........740,000 01/14/2002. 12/01/2031.<br />
122014 AC 7 BURLINGTON RESOURCES INC DB................................................ ....... .. ........... .1FE ............3,414,215 ......106.763 ............3,042,746 ............2,850,000 ............2,944,700 .......................... ............(59,395) ............................ .......................... ..........9.875 ..........7.426 JD...... .............12,508 ...........281,438 10/16/2001. 06/15/2010.
E10.36<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
122014 AH 6 BURLINGTON RESOURCES INC DB................................................ ....... .. ........... .1FE ............6,567,720 ......111.499 ............6,689,940 ............6,000,000 ............6,476,612 .......................... ............(14,934) ............................ .......................... ..........8.200 ..........7.352 MS..... ...........144,867 ...........492,000 04/26/2001. 03/15/2025.<br />
122014 AL 7 BURLINGTON RESOURCES INC DB................................................ LS... .. ........... .1FE ............9,174,759 ......110.942 ..........11,094,200 ..........10,000,000 ............9,251,318 .......................... .............12,960 ............................ .......................... ..........7.375 ..........7.210 MS..... ...........245,833 ...........737,500 03/16/2001. 03/01/2029.<br />
122014 AJ 2 BURLINGTON RESOURCES INC DEBS........................................... ....... .. ........... .1FE ............5,298,900 ........98.266 ............5,895,960 ............6,000,000 ............5,428,081 .......................... .............15,398 ............................ .......................... ..........6.875 ..........7.900 FA...... ...........155,833 ...........412,500 06/18/1996. 02/15/2026.<br />
12201P AA 4 BURLINGTON RESOURCES INC SR NT.......................................... ....... .. ........... .1FE ..........35,618,795 ......103.038 ..........36,515,637 ..........35,439,000 ..........35,489,312 .......................... ............(21,377) ............................ .......................... ..........6.680 ..........6.606 FA...... ...........894,323 ........2,367,325 01/15/2002. 02/15/2011.<br />
056039 AF 7 BWAY CORP SR SUB NTS................................................................ ....... .. .........1 .4FE ...............816,688 ........85.000 ...............680,000 ...............800,000 ...............803,182 .......................... ..............(3,753) ............................ .......................... ........10.000 ..........9.534 AO...... .............16,889 .............80,000 04/21/2005. 10/15/2010.<br />
12682N AA 7 CABLE & WIRE OPTUS LTD 144A NT.............................................. ....... F ........... .1FE ..........14,509,138 ......100.926 ..........12,994,223 ..........12,875,000 ..........13,023,150 .......................... ..........(313,200) ............................ .......................... ..........8.125 ..........5.547 JD...... .............46,493 ........1,046,094 10/15/2003. 06/15/2009.<br />
12705Q AX 3 CABOT CORPORATION MTN SER B............................................... ....... .. ........... .2FE ..........15,000,000 ......117.310 ..........17,596,500 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.420 ..........7.420 JD...... .............49,467 ........1,113,000 12/08/1998. 12/11/2018.<br />
G1744# AE 8 CADOGAN ESTATES LTD SER A GTD............................................ ....... F ........... ......1 ..........10,000,000 ........92.621 ............9,262,100 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.450 ..........6.450 FA...... ...........258,000 .......................... 08/07/2008. 08/07/2018.<br />
124765 A# 5 CAE INC SR NTS................................................................................ ....... I. ........... ......2 ..........15,000,000 ......100.237 ..........15,035,550 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.570 ..........7.570 JD...... .............78,854 ........1,135,500 06/06/1997. 06/06/2009.<br />
133131 AG 7 CAMDEN PROPERTY TRUST NTS................................................... LS... .. .........1 .2FE ............9,353,610 ........87.109 ............7,839,810 ............9,000,000 ............9,097,955 .......................... ............(41,329) ............................ .......................... ..........7.625 ..........7.066 FA...... ...........259,250 ...........686,250 03/22/2001. 02/15/2011.<br />
133131 AK 8 CAMDEN PROPERTY TRUST SR NTS............................................. ....... .. .........1 .2FE ..........11,908,701 ........71.818 ............8,018,480 ..........11,165,000 ..........11,534,804 .......................... ............(83,636) ............................ .......................... ..........5.875 ..........4.932 MN..... .............56,484 ...........655,944 01/28/2004. 11/30/2012.<br />
134429 AM 1 CAMPBELL SOUP CO NT.................................................................. ....... .. ........... .1FE ..........13,054,600 ......105.611 ..........13,201,375 ..........12,500,000 ..........12,668,798 .......................... ............(72,472) ............................ .......................... ..........6.750 ..........6.061 FA...... ...........318,750 ...........843,750 11/01/2006. 02/15/2011.<br />
134429 AG 4 CAMPBELL SOUP CO SR DB............................................................ ....... .. ........... .1FE ............6,071,754 ......127.609 ............6,508,059 ............5,100,000 ............5,861,399 .......................... ............(37,751) ............................ .......................... ..........8.875 ..........6.999 MN..... .............75,438 ...........452,625 04/02/2002. 05/01/2021.<br />
134429 AS 8 CAMPBELL SOUP CO SR NTS......................................................... ....... .. .........1 .1FE ..........35,491,432 ......101.577 ..........36,466,143 ..........35,900,000 ..........35,624,235 .......................... .............49,147 ............................ .......................... ..........4.875 ..........5.057 AO...... ...........437,531 ........1,750,125 03/29/2006. 10/01/2013.<br />
L1372# AA 9 CAMPOFRIO INTL FIN SER A GTD S............................................... ....... F ........... ......3 ..........22,583,970 ........97.026 ..........22,315,980 ..........23,000,000 ..........22,828,090 .......................... ...........141,524 ............................ .......................... ..........5.410 ..........6.096 FA...... ...........452,787 ........1,244,300 04/13/2007. 02/20/2010.<br />
L1372# AB 7 CAMPOFRIO INTL FIN SER B GTD N............................................... ....... F ........... ......3 ..........50,821,195 ........90.139 ..........45,520,195 ..........50,500,000 ..........50,702,982 .......................... ............(42,118) ............................ .......................... ..........6.150 ..........6.038 FA...... ........1,130,148 ........3,105,750 12/12/2005. 02/20/2013.<br />
136385 AH 4 CANADIAN NAT RESOURCES LTD NT............................................ ....... .. ........... .2FE ............2,031,340 ........90.873 ............1,817,460 ............2,000,000 ............2,025,539 .......................... ..............(2,598) ............................ .......................... ..........6.000 ..........5.790 FA...... .............45,333 ...........120,000 08/31/2006. 08/15/2016.<br />
136385 AN 1 CANADIAN NAT RESOURCES LTD NT............................................ ....... .. ........... .2FE ............4,044,920 ........86.398 ............3,455,920 ............4,000,000 ............4,041,945 .......................... ..............(2,975) ............................ .......................... ..........5.900 ..........5.749 FA...... .............98,333 ...........127,178 02/13/2008. 02/01/2018.<br />
136375 BC 5 CANADIAN NATIONAL RAILROAD SER........................................... ....... .. ........... .1FE ............9,904,808 ........91.000 ............9,013,375 ............9,904,808 ............9,904,808 .......................... .......................... ............................ .......................... ..........7.900 ..........7.900 J......... ...........778,133 ...........782,480 09/16/1996. 01/03/2014.<br />
136375 BF 8 CANADIAN NATIONAL RAILWAYS NT............................................. ....... .. ........... .1FE ............2,493,450 ......101.963 ............2,549,075 ............2,500,000 ............2,497,748 .......................... ..................715 ............................ .......................... ..........6.375 ..........6.410 AO...... .............33,646 ...........159,375 09/19/2001. 10/15/2011.<br />
136375 BD 3 CANADIAN NATL RAILWAY NTS...................................................... ....... I. .........1 .1FE ............5,618,500 ......112.287 ............5,614,350 ............5,000,000 ............5,551,897 .......................... ............(14,674) ............................ .......................... ..........6.900 ..........5.939 JJ....... ...........159,083 ...........345,000 11/04/2003. 07/15/2028.<br />
136385 AB 7 CANADIAN NATURAL RESOURCES LTD........................................ ....... .. ........... .2FE ............4,072,360 ........98.755 ............3,950,200 ............4,000,000 ............4,023,333 .......................... ..............(8,197) ............................ .......................... ..........6.700 ..........6.436 JJ....... ...........123,578 ...........268,000 10/03/2001. 07/15/2011.<br />
136385 AC 5 CANADIAN NATURAL RESOURCES LTD........................................ ....... .. ........... .2FE ............8,570,257 ........84.429 ............6,991,565 ............8,281,000 ............8,565,149 .......................... ..............(5,191) ............................ .......................... ..........7.200 ..........6.897 JJ....... ...........274,929 ...........596,232 09/18/2007. 01/15/2032.<br />
136385 AL 5 CANADIAN NATURAL RESOURCES LTD........................................ ....... .. ........... .2FE ..........19,336,700 ........78.600 ..........15,720,000 ..........20,000,000 ..........19,344,704 .......................... ...............6,691 ............................ .......................... ..........6.250 ..........6.501 MS..... ...........368,056 ........1,250,000 02/11/2008. 03/15/2038.<br />
13643E AD 7 CANADIAN OIL SANDS LTD SR NT.................................................. ....... .. ........... .2FE ............8,017,160 ........99.353 ............7,948,240 ............8,000,000 ............8,002,316 .......................... ..............(3,651) ............................ .......................... ..........4.800 ..........4.751 FA...... ...........150,400 ...........384,000 08/04/2004. 08/10/2009.<br />
13643E AC 9 CANADIAN OIL SANDS LTD 144A NT............................................... ....... .. ........... .2FE ..........30,424,900 ........95.345 ..........28,603,500 ..........30,000,000 ..........30,234,230 .......................... ............(43,771) ............................ .......................... ..........5.800 ..........5.604 FA...... ...........657,333 ........1,740,000 08/05/2004. 08/15/2013.<br />
13643E AA 3 CANADIAN OIL SANDS LTD 144A SR.............................................. ....... .. ........... .2FE ............3,817,870 ........94.012 ............3,290,420 ............3,500,000 ............3,756,906 .......................... ............(12,266) ............................ .......................... ..........7.900 ..........7.016 MS..... .............92,167 ...........276,500 02/25/2003. 09/01/2021.<br />
13645R AC 8 CANADIAN PACIFIC RAILWAY CO BD............................................. ....... .. ........... .2FE ............7,597,550 ........96.311 ............7,223,325 ............7,500,000 ............7,533,361 .......................... ............(10,684) ............................ .......................... ..........6.250 ..........6.074 AO...... .............98,958 ...........468,750 11/06/2001. 10/15/2011.<br />
13645R AF 1 CANADIAN PACIFIC RAILWAY CO NT............................................. ....... .. ........... .2FE ..........19,661,800 ........70.519 ..........14,103,800 ..........20,000,000 ..........19,668,758 .......................... ...............4,312 ............................ .......................... ..........5.950 ..........6.073 MN..... ...........152,056 ........1,190,000 05/03/2007. 05/15/2037.<br />
13645R AD 6 CANADIAN PACIFIC RR CO BDS...................................................... ....... I. ........... .2FE ............2,286,120 ........80.838 ............1,616,760 ............2,000,000 ............2,262,107 .......................... ..............(5,242) ............................ .......................... ..........7.125 ..........6.057 AO...... .............30,083 ...........142,500 10/22/2003. 10/15/2031.<br />
13645R AE 4 CANADIAN PACIFIC RR CO NTS...................................................... ....... I. .........1 .2FE ............4,836,000 ........69.142 ............3,457,100 ............5,000,000 ............4,848,930 .......................... ...............2,729 ............................ .......................... ..........5.750 ..........5.989 MS..... .............84,653 ...........287,500 11/04/2003. 03/15/2033.<br />
137001 AC 7 CANAL BARGE INC TITLE XI (SHIP.................................................. ....... .. .........1 ......1 ............3,338,787 ........88.000 ............2,938,132 ............3,338,787 ............3,338,787 .......................... .......................... ............................ .......................... ..........7.125 ..........7.125 JD...... ...........124,379 ...........243,051 03/29/1996. 06/30/2021.<br />
13810@ AA 9 CANTERBURY APTS KALAMAZOO LP G........................................ ....... .. ........... .1FE ............1,063,646 ......106.234 ............1,067,279 ............1,004,649 ............1,024,269 .......................... ..............(6,646) ............................ .......................... ..........6.250 ..........5.500 J......... .............33,626 .............62,791 06/20/2003. 06/19/2014.<br />
13861# AB 3 CANTOR FITZGERALD SER A SR NT.............................................. ....... .. ........... ......2 ..........14,989,270 ........99.773 ..........14,965,950 ..........15,000,000 ..........14,999,591 .......................... ...............5,264 ............................ .......................... ..........5.950 ..........5.987 JJ....... ...........381,792 ...........892,500 12/11/2006. 01/27/2009.<br />
13861# AA 5 CANTOR FITZGERALD SR NT.......................................................... ....... .. ........... ......2 ............4,244,020 ........95.243 ............4,190,692 ............4,400,000 ............4,335,655 .......................... .............65,517 ............................ .......................... ..........5.190 ..........6.420 AO...... .............57,090 ...........228,360 12/01/2006. 04/01/2010.<br />
12476A AA 5 CAP S A USD GTD 144A BD.............................................................. ....... .. ........... .2FE ..........12,968,930 ........74.422 ............9,674,860 ..........13,000,000 ..........12,969,646 .......................... ..................328 ............................ .......................... ..........7.375 ..........7.395 MS..... ...........282,299 ...........958,750 09/13/2006. 09/15/2036.<br />
14040E HK 1 CAPITAL ONE BK SR MTN................................................................ ....... .. ........... .1FE ............9,962,300 ........92.520 ............9,252,000 ..........10,000,000 ............9,978,314 .......................... ...............3,609 ............................ .......................... ..........5.125 ..........5.173 FA...... ...........193,611 ...........512,500 02/04/2004. 02/15/2014.<br />
14040H AQ 8 CAPITAL ONE FINANCIAL CORP MTN............................................. ....... .. ........... .1FE ............9,995,200 ........93.251 ............9,325,100 ..........10,000,000 ............9,997,237 .......................... ..................918 ............................ .......................... ..........5.700 ..........5.711 MS..... ...........167,833 ...........570,000 09/05/2006. 09/15/2011.<br />
14040H AK 1 CAPITAL ONE FINANCIAL CORP NT................................................ ....... .. ........... .1FE ............5,981,300 ........89.478 ............5,368,680 ............6,000,000 ............5,990,828 .......................... ...............2,641 ............................ .......................... ..........4.800 ..........4.853 FA...... ...........104,000 ...........288,000 02/15/2005. 02/21/2012.<br />
14040H AN 5 CAPITAL ONE FINL CORP SB NT..................................................... ....... .. ........... .2FE ..........27,913,200 ........70.370 ..........19,703,600 ..........28,000,000 ..........27,929,008 .......................... ...............7,043 ............................ .......................... ..........6.150 ..........6.192 MS..... ...........574,000 ........1,722,000 08/23/2006. 09/01/2016.<br />
14149Y AG 3 CARDINAL HEALTH INC BDS............................................................ ....... .. .........1 .2FE ..........15,524,206 ........83.837 ..........14,554,103 ..........17,360,000 ..........16,009,039 .......................... ...........170,367 ............................ .......................... ..........4.000 ..........5.239 JD...... .............30,862 ...........694,400 06/15/2004. 06/15/2015.<br />
14149Y AH 1 CARDINAL HEALTH INC NT.............................................................. ....... .. ........... .2FE ............7,987,040 ........90.168 ............7,213,440 ............8,000,000 ............7,989,528 .......................... ..................867 ............................ .......................... ..........5.850 ..........5.869 JD...... .............20,800 ...........468,000 12/12/2005. 12/15/2017.<br />
14150B A* 5 CARDINAL HEALTH 409 INC (PTS)................................................... ....... .. .......23 .3FE ............3,940,000 ........62.000 ............2,442,800 ............3,940,000 ............3,940,000 .......................... .......................... ............................ .......................... ..........4.946 ..........7.600 MON.. .............16,506 ...........231,167 04/05/2007. 04/10/2014.<br />
14155# AA 8 CARDINALS BALLPARK LLC SR SEC.............................................. ....... .. ........... ......1 ..........25,143,003 ........91.008 ..........22,882,144 ..........25,143,003 ..........25,143,003 .......................... .......................... ............................ .......................... ..........5.720 ..........5.720 MS..... ...........363,540 ........1,438,180 12/23/2003. 09/30/2027.<br />
141784 CA 4 CARGILL INC DEB.............................................................................. ....... .. ........... .1FE ..........10,000,000 ........92.421 ............9,242,100 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.120 ..........7.120 MN..... ...........100,867 ...........712,000 11/05/1998. 11/10/2028.<br />
141784 BH 0 CARGILL INC MTN............................................................................. ....... .. ........... .1FE ............2,863,675 ........90.096 ............2,252,400 ............2,500,000 ............2,835,753 .......................... ..............(9,321) ............................ .......................... ..........6.875 ..........5.718 MN..... .............28,646 ...........171,875 10/20/2005. 05/01/2028.<br />
141784 DE 5 CARGILL INC MTN 144A W/O RR..................................................... ....... .. .........1 .1FE ............4,924,600 ........89.404 ............4,470,200 ............5,000,000 ............4,956,187 .......................... ...............7,709 ............................ .......................... ..........5.000 ..........5.207 MN..... .............31,944 ...........250,000 08/03/2004. 11/15/2013.<br />
141781 AW 4 CARGILL INC N 144A......................................................................... ....... .. ........... .1FE ............1,543,590 ........85.792 ............1,286,880 ............1,500,000 ............1,542,965 .......................... .................(514) ............................ .......................... ..........6.625 ..........6.405 MS..... .............29,260 ...........100,479 10/05/2007. 09/15/2037.<br />
141781 AS 3 CARGILL INC NTS 144A W/O RR...................................................... ....... .. .........1 .1FE ...............264,737 ........99.880 ...............274,670 ...............275,000 ...............274,579 .......................... ...............2,309 ............................ .......................... ..........3.625 ..........4.502 MS..... ...............3,240 ...............9,969 05/20/2004. 03/04/2009.<br />
141781 AT 1 CARGILL INC NTS 144A W/O RR...................................................... ....... .. .........1 .1FE ............4,953,500 ........80.869 ............4,043,450 ............5,000,000 ............4,956,833 .......................... ..................694 ............................ .......................... ..........6.125 ..........6.193 AO...... .............61,250 ...........306,250 08/02/2004. 04/19/2034.<br />
141784 AR 9 CARGILL INC SR NTS 144A W/O RT................................................ ....... .. ........... .1FE ............4,568,200 ........92.449 ............4,622,450 ............5,000,000 ............4,627,566 .......................... ...............8,656 ............................ .......................... ..........7.100 ..........7.870 MN..... .............45,361 ...........355,000 11/01/1999. 07/29/2027.<br />
141781 AC 8 CARGILL INC 144A NT....................................................................... ....... .. ........... .1FE ............9,393,700 ........96.770 ............9,677,000 ..........10,000,000 ............9,484,857 .......................... .............14,366 ............................ .......................... ..........7.375 ..........7.936 AO...... ...........184,375 ...........737,500 12/06/2000. 10/01/2025.<br />
141781 AP 9 CARGILL INC 144A NT....................................................................... ....... .. ........... .1FE ............7,763,336 ........97.369 ............7,375,702 ............7,575,000 ............7,671,236 .......................... ............(25,201) ............................ .......................... ..........6.375 ..........5.953 JD...... .............40,242 ...........482,906 04/06/2005. 06/01/2012.<br />
141781 AR 5 CARGILL INC 144A NT....................................................................... ....... .. ........... .1FE ..........18,299,576 ........87.944 ..........16,445,528 ..........18,700,000 ..........18,478,959 .......................... .............44,025 ............................ .......................... ..........4.375 ..........4.674 JD...... .............68,177 ...........818,125 01/27/2005. 06/01/2013.
E10.37<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
141781 AH 7 CARGILL INC 144A W/O RTS SR NT................................................ ....... .. .........1 .1FE ............4,686,810 ........99.842 ............4,742,495 ............4,750,000 ............4,747,404 .......................... ...............8,411 ............................ .......................... ..........6.300 ..........6.495 AO...... .............63,175 ...........299,250 06/03/2002. 04/15/2009.<br />
142339 AC 4 CARLISLE COMPANIES INC SR NT................................................. ....... .. ........... .2FE ..........17,466,975 ......108.940 ..........19,064,500 ..........17,500,000 ..........17,473,081 .......................... ...............2,672 ............................ .......................... ..........6.125 ..........5.722 FA...... ...........404,931 ........1,071,875 08/24/2006. 08/15/2016.<br />
693070 AD 6 CARNIVAL (P&O PRINCESS) NTS.................................................... ....... F ........... .1FE ..........11,862,875 ........72.212 ............9,026,500 ..........12,500,000 ..........11,946,539 .......................... .............12,378 ............................ .......................... ..........7.875 ..........8.351 JD...... .............82,031 ...........984,375 01/04/2000. 06/01/2027.<br />
G6843# AD 9 CARNIVAL (P&O PRINCESS) SR SER............................................. ....... F ........... ......1 ..........15,000,000 ........99.547 ..........14,932,050 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.090 ..........7.090 FA...... ...........398,813 ........1,063,500 01/24/1996. 02/16/2016.<br />
143658 AH 5 CARNIVAL CORP DB......................................................................... ....... .. ........... .1FE ..........14,538,780 ........83.517 ..........11,692,380 ..........14,000,000 ..........14,488,176 .......................... ............(14,399) ............................ .......................... ..........6.650 ..........6.322 JJ....... ...........429,294 ...........931,000 01/25/2005. 01/15/2028.<br />
14422* AC 5 CAROLINA TRACTOR EQUIP SER B S............................................ ....... .. ........... ......3 ............3,571,429 ........99.662 ............3,559,357 ............3,571,429 ............3,571,429 .......................... .......................... ............................ .......................... ..........7.730 ..........7.730 FA...... ...........115,030 ...........276,071 07/07/1999. 08/01/2009.<br />
147446 AM 0 CASE NEW HOLLAND INC SR NT.................................................... ....... .. .........1 .3FE ...............900,000 ........71.000 ...............639,000 ...............900,000 ...............900,000 .......................... .......................... ............................ .......................... ..........7.125 ..........7.125 MS..... .............21,375 .............64,125 02/24/2006. 03/01/2014.<br />
147448 AB 0 CASELLA WASTE SYSTEMS INC SR S........................................... ....... .. .........1 .4FE ............2,130,000 ........80.000 ............1,600,000 ............2,000,000 ............2,062,706 .......................... ............(26,575) ............................ .......................... ..........9.750 ..........8.467 FA...... .............81,250 ...........195,000 05/17/2006. 02/01/2013.<br />
14912L 3U 3 CATERPILLAR FIN SVCS CORP MTN.............................................. ....... .. ........... .1FE ............3,950,400 ........93.628 ............3,745,120 ............4,000,000 ............3,951,974 .......................... ...............1,574 ............................ .......................... ..........5.450 ..........5.616 AO...... .............46,022 ...........119,900 07/31/2008. 04/15/2018.<br />
14912L T7 6 CATERPILLAR FIN SVCS MTN......................................................... ....... .. ........... .1FE ..........14,957,400 ......100.021 ..........15,003,150 ..........15,000,000 ..........14,998,674 .......................... ...............7,103 ............................ .......................... ..........5.750 ..........5.800 MS..... ...........277,917 ...........862,500 03/04/2002. 03/05/2009.<br />
14912L Z4 6 CATERPILLAR FIN SVCS MTN SER F.............................................. LS... .. ........... .1FE ............8,386,676 ........93.576 ............7,860,384 ............8,400,000 ............8,392,535 .......................... ...............1,286 ............................ .......................... ..........4.600 ..........4.620 JJ....... ...........178,173 ...........386,400 02/25/2004. 01/15/2014.<br />
14911R AJ 8 CATERPILLAR FINL SERV CORP SR............................................... ....... .. ........... .1FE ............5,006,466 ........92.008 ............4,692,408 ............5,100,000 ............5,016,040 .......................... ...............9,574 ............................ .......................... ..........4.625 ..........4.926 JD...... .............19,656 ...........235,875 02/11/2008. 06/01/2015.<br />
14912L 3K 5 CATERPILLAR FINL SVCS CORP MTN............................................ ....... .. ........... .1FE ..........13,996,920 ........97.890 ..........13,704,600 ..........14,000,000 ..........13,997,233 .......................... ..................239 ............................ .......................... ..........5.850 ..........5.853 MS..... ...........273,000 ...........812,175 08/29/2007. 09/01/2017.<br />
149123 BK 6 CATERPILLAR INC BD....................................................................... ....... .. ........... .1FE ............5,117,700 ........98.962 ............4,948,100 ............5,000,000 ............5,112,791 .......................... .................(884) ............................ .......................... ..........6.950 ..........6.778 MN..... .............57,917 ...........347,500 05/01/2002. 05/01/2042.<br />
149123 BG 5 CATERPILLAR INC DB....................................................................... ....... .. ........... .1FE ............3,535,693 ......101.820 ............3,309,150 ............3,250,000 ............3,282,160 .......................... ............(43,240) ............................ .......................... ..........7.250 ..........5.802 MS..... .............69,378 ...........235,625 02/07/2002. 09/15/2009.<br />
149123 BP 5 CATERPILLAR INC NT....................................................................... ....... .. ........... .1FE .................14,996 ......107.747 .................16,162 .................15,000 .................14,996 .......................... .......................... ............................ .......................... ..........7.000 ..........7.005 JD...... ....................76 .......................... 12/02/2008. 12/15/2013.<br />
149123 BQ 3 CATERPILLAR INC NT....................................................................... ....... .. ........... .1FE .................14,975 ......115.115 .................17,267 .................15,000 .................14,975 .......................... .......................... ............................ .......................... ..........7.900 ..........7.924 JD...... ....................86 .......................... 12/02/2008. 12/15/2018.<br />
149123 BF 7 CATERPILLAR TRACTOR NTS......................................................... ....... .. .........1 .1FE ..........17,835,433 ........98.333 ..........16,362,611 ..........16,640,000 ..........17,758,146 .......................... ............(29,553) ............................ .......................... ..........6.625 ..........6.033 JJ....... ...........508,329 ........1,102,400 08/31/2007. 07/15/2028.<br />
124900 B@ 9 CCL INDUSTRIES INC SER C SR NT................................................ ....... I. ........... ......2 ..........16,000,000 ........83.218 ..........13,314,880 ..........16,000,000 ..........16,000,000 .......................... .......................... ............................ .......................... ..........7.090 ..........7.090 JJ....... ...........545,142 ........1,134,400 07/08/1998. 07/08/2018.<br />
124900 C* 0 CCL INDUSTRIES INC SR GTD NT S................................................ ....... .. ........... ......2 ..........12,000,000 ........91.927 ..........11,031,240 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........5.570 ..........5.570 MS..... ...........211,660 ...........668,400 03/07/2006. 03/07/2016.<br />
124900 A@ 0 CCL INDUSTRIES INC SR GTD NTS................................................. ....... .. ........... ......2 ............3,636,364 ........98.206 ............3,571,127 ............3,636,364 ............3,636,364 .......................... .......................... ............................ .......................... ..........6.970 ..........6.970 MS..... .............73,924 ...........253,455 09/16/1997. 09/16/2012.<br />
151191 AF 0 CELLULOSA ARAUCO NTS............................................................... LS... F ........... .2FE ............4,990,400 ......100.962 ............5,048,100 ............5,000,000 ............4,999,155 .......................... ...............1,123 ............................ .......................... ..........7.200 ..........7.224 MS..... ...........106,000 ...........360,000 09/26/1997. 09/15/2009.<br />
15150# AA 0 CENTER LAND CO INC FLEMING GTD............................................ ....... .. ........... ......2 ...............676,366 ......103.720 ...............701,527 ...............676,366 ...............676,366 .......................... .......................... ............................ .......................... ..........7.500 ..........7.500 MON.. ...............4,227 .............50,727 12/08/1993. 12/01/2013.<br />
15189T AG 2 CENTERPOINT ENERGY INC BD..................................................... ....... .. ........... .2FE ............5,724,325 ........90.144 ............4,957,920 ............5,500,000 ............5,640,563 .......................... ............(17,246) ............................ .......................... ..........6.850 ..........6.359 JD...... .............31,396 ...........376,750 05/28/2003. 06/01/2015.<br />
15189Y AB 2 CENTERPOINT ENERGY RES SR NTS............................................ ....... .. .........1 .2FE ............5,633,500 ........92.629 ............4,631,450 ............5,000,000 ............5,331,279 .......................... ............(66,383) ............................ .......................... ..........7.875 ..........6.083 AO...... .............98,438 ...........393,750 11/06/2003. 04/01/2013.<br />
152312 AN 4 CENTEX CORP NT............................................................................. ....... .. ........... .3FE ..........18,871,730 ........65.500 ..........12,445,000 ..........19,000,000 ..........18,922,215 .......................... .............11,957 ............................ .......................... ..........5.700 ..........5.789 MN..... ...........138,383 ........1,083,000 05/06/2004. 05/15/2014.<br />
152312 AP 9 CENTEX CORP NT............................................................................. ....... .. ........... .3FE ............7,839,275 ........83.000 ............6,557,000 ............7,900,000 ............7,877,529 .......................... .............11,423 ............................ .......................... ..........4.550 ..........4.713 MN..... .............59,908 ...........359,450 07/13/2005. 11/01/2010.<br />
152312 AQ 7 CENTEX CORP NTS.......................................................................... ....... .. .........1 .3FE ............4,992,200 ........62.000 ............3,100,000 ............5,000,000 ............4,994,587 .......................... ..................687 ............................ .......................... ..........5.250 ..........5.270 JD...... .............11,667 ...........262,500 06/01/2005. 06/15/2015.<br />
152312 AG 9 CENTEX CORP SR NT....................................................................... ....... .. ........... .3FE ............2,178,762 ........88.500 ............1,770,000 ............2,000,000 ............2,056,169 .......................... ............(24,412) ............................ .......................... ..........7.875 ..........6.414 FA...... .............65,625 ...........157,500 07/31/2002. 02/01/2011.<br />
152312 AM 6 CENTEX CORP SR NT....................................................................... LS... .. ........... .3FE ..........22,201,220 ........66.000 ..........15,180,000 ..........23,000,000 ..........22,543,643 .......................... .............81,654 ............................ .......................... ..........5.125 ..........5.606 AO...... ...........294,688 ........1,178,750 08/02/2004. 10/01/2013.<br />
152312 AJ 3 CENTEX CORP SR UNSEC NTS....................................................... LS... .. .........1 .3FE ............5,286,250 ........95.000 ............4,750,000 ............5,000,000 ............5,044,145 .......................... ............(59,990) ............................ .......................... ..........5.800 ..........4.518 MS..... .............85,389 ...........290,000 08/25/2004. 09/15/2009.<br />
152312 AH 7 CENTEX CORPORATION NT............................................................ LS... .. ........... .3FE ..........30,119,553 ........81.000 ..........23,895,000 ..........29,500,000 ..........29,741,345 .......................... ............(69,880) ............................ .......................... ..........7.500 ..........7.192 JJ....... ........1,020,208 ........2,212,500 11/19/2002. 01/15/2012.<br />
15640P AA 6 CENTURA BANK SUB BANK NTS..................................................... ....... .. ........... .1FE ............1,996,020 ......100.930 ............2,018,600 ............2,000,000 ............1,999,887 .......................... ..................521 ............................ .......................... ..........6.500 ..........6.527 MS..... .............38,278 ...........130,000 03/19/1999. 03/15/2009.<br />
156686 AJ 6 CENTURY TELEPHONE ENTERPRISE I.......................................... ....... .. ........... .2FE ............2,972,771 ........64.000 ............1,920,000 ............3,000,000 ............2,955,953 .......................... ..................653 ............................ .......................... ..........7.200 ..........6.648 JD...... .............18,000 ...........216,000 12/19/2002. 12/01/2025.<br />
156700 AA 4 CENTURYTEL INC SER H SR NT...................................................... ....... .. ........... .2FE ...............591,360 ........93.000 ...............465,000 ...............500,000 ...............524,636 .......................... ............(12,753) ............................ .......................... ..........8.375 ..........5.449 AO...... ...............8,840 .............41,875 01/14/2003. 10/15/2010.<br />
Q2264@ AA 5 CHALLENGER LIFE NO 2 LTD SER A.............................................. ....... F .........3 .2FE ............5,800,000 ........77.794 ............4,512,052 ............5,800,000 ............5,800,000 .......................... .......................... ............................ .......................... ..........6.290 ..........6.290 JD...... .............24,321 ...........364,820 12/07/2006. 12/07/2016.<br />
Q2264@ AC 1 CHALLENGER LIFE NO 2 LTD SER C.............................................. ....... F .........3 .2FE ..........25,000,000 ........72.054 ..........18,013,500 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........6.530 ..........6.530 JD...... ...........108,833 ........1,632,500 12/07/2006. 12/07/2026.<br />
158525 AS 4 CHAMPION INTERNATIONAL CORP DB.......................................... ....... .. ........... .2FE ............1,998,800 ........57.544 ............1,150,880 ............2,000,000 ............1,999,067 .......................... ....................29 ............................ .......................... ..........6.400 ..........6.404 FA...... .............48,356 ...........128,000 02/14/1996. 02/15/2026.<br />
80851Q CX 0 CHARLES SCHWAB CORP SR NT................................................... ....... .. ........... .1FE ............8,941,775 ......100.664 ............8,798,034 ............8,740,000 ............8,778,561 .......................... ............(30,707) ............................ .......................... ..........8.050 ..........7.647 MS..... ...........234,523 ...........703,570 05/22/2002. 03/01/2010.<br />
16117P AV 2 CHARTER COMM HLDGS/CHARTER CAP...................................... ....... .. .........1 .5FE ...............183,750 ........51.000 ...............178,500 ...............350,000 ...............254,352 .......................... .............30,323 ............................ .......................... ........11.125 ........23.729 JJ....... .............17,955 .............38,938 01/05/2001. 01/15/2011.<br />
000000 00 0 CHARTER COMM OPERATING LLC TER........................................ ....... .. .........3 .4FE ............1,980,000 ........74.167 ............1,468,507 ............1,980,000 ............1,980,000 .......................... .......................... ............................ .......................... ..........4.900 ..........7.340 MON.. ...............8,085 ...........111,706 03/05/2007. 03/06/2014.<br />
161175 AA 2 CHARTER COMM OPT LLC/CAP SR NT.......................................... ....... .. ........... .4FE ...............723,750 ........82.000 ...............594,500 ...............725,000 ...............724,382 .......................... ..................156 ............................ .......................... ..........8.000 ..........8.028 AO...... ...............9,828 .............58,000 09/08/2004. 04/30/2012.<br />
16117P BB 5 CHARTER COMMUNICATIONS HLDGS S....................................... LS... .. .........1 .5FE ...............262,500 ........12.000 .................60,000 ...............500,000 ...............355,146 .......................... .............39,055 ............................ .......................... ........10.000 ........21.890 MN..... ...............6,389 .............50,000 05/22/2001. 05/15/2011.<br />
L0549* AB 1 CHASE MANHATTAN BK LUXEMBOURG........................................ ....... F .........1 ......1 ............1,010,000 ........21.433 ............4,286,600 ..........20,000,000 ............2,611,845 .......................... ...........204,642 ............................ .......................... ................... ..........8.741 NONE .......................... .......................... 09/26/1997. 08/27/2032.<br />
16161A BU 1 CHASE MANHATTAN CORP SUB NTS............................................ ....... .. ........... .1FE ............1,365,875 ......100.083 ............1,251,038 ............1,250,000 ............1,252,970 .......................... ............(23,230) ............................ .......................... ..........6.000 ..........4.074 FA...... .............28,333 .............75,000 09/12/2003. 02/15/2009.<br />
16161A BK 3 CHASE MANHATTAN NEW SB DB................................................... LS... .. ........... .1FE ............3,051,159 ......100.063 ............3,302,079 ............3,300,000 ............3,298,789 .......................... .............27,995 ............................ .......................... ..........6.500 ..........7.293 JJ....... .............98,908 ...........214,500 08/30/1995. 01/15/2009.<br />
16166# AA 0 CHASKA CAP CORP (CARGILL-LESSE........................................... ....... .. ........... ......1 ...............174,383 ......103.945 ...............181,262 ...............174,383 ...............174,383 .......................... .......................... ............................ .......................... ..........6.960 ..........6.960 MON.. ...............1,011 .............12,137 11/30/1995. 04/01/2011.<br />
16166# AE 2 CHASKA CAP CORP (TRANCHE 5) SE............................................ ....... .. ........... ......1 .................95,801 ......104.023 .................99,655 .................95,801 .................95,801 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MON.. ..................559 ...............6,706 03/29/1996. 04/01/2011.<br />
16166# AD 4 CHASKA CAP CORP SECD EQ NT (TR............................................ ....... .. ........... ......1 ...............323,477 ......104.007 ...............336,439 ...............323,477 ...............323,477 .......................... .......................... ............................ .......................... ..........6.990 ..........6.990 MON.. ...............1,884 .............22,608 02/29/1996. 04/01/2011.<br />
16166# AB 8 CHASKA CAPITAL CORP SEC EQ NT.............................................. ....... .. ........... ......1 ...............204,933 ......103.962 ...............213,053 ...............204,933 ...............204,933 .......................... .......................... ............................ .......................... ..........6.970 ..........6.970 MON.. ...............1,190 .............14,282 12/29/1995. 04/01/2011.<br />
16166# AC 6 CHASKA CAPITAL CORP SEC EQ NT.............................................. ....... .. ........... ......1 ...............155,396 ......103.984 ...............161,587 ...............155,396 ...............155,396 .......................... .......................... ............................ .......................... ..........6.980 ..........6.980 MON.. ..................904 .............10,848 01/31/1996. 04/01/2011.<br />
G2083# AA 3 CHEMRING GRP PLC SR SEC NT.................................................... ....... F ........... ......2 ..........14,000,000 ........88.081 ..........12,331,340 ..........14,000,000 ..........14,000,000 .......................... .......................... ............................ .......................... ..........6.280 ..........6.280 MN..... ...........119,669 ...........876,758 11/13/2007. 11/12/2017.<br />
G2083# AB 1 CHEMRING GRP PLC SR SEC NT (US............................................. ....... D ........... ......2 ..........18,035,696 ........53.557 ............9,625,214 ..........17,971,906 ..........18,035,696 .......................... .......................... ............................ .......(6,875,620) ..........6.810 ..........6.810 MN..... ...........167,176 ........1,481,063 11/13/2007. 11/12/2017.
E10.38<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
GBP COST = 12,500,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
GBP PAR = 12,500,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
16675H AL 6 CHEVRON GTD AMORTIZING NT 144A........................................... ....... .. ........... .1FE ............2,246,894 ......106.456 ............2,391,953 ............2,246,894 ............2,246,894 .......................... .......................... ............................ .......................... ..........7.327 ..........7.327 JJ....... .............82,315 ...........164,630 06/25/1999. 01/01/2014.<br />
166754 AC 5 CHEVRON PHILLIPS CHEMICAL NTS.............................................. ....... .. ........... .2FE ..........12,529,690 ........99.507 ..........11,940,840 ..........12,000,000 ..........12,190,004 .......................... ............(80,161) ............................ .......................... ..........7.000 ..........6.210 MS..... ...........247,333 ...........840,000 02/10/2004. 03/15/2011.<br />
166779 AA 6 CHEVY CHASE BK FSB SB NT......................................................... ....... .. .........1 .3FE ............6,512,498 ........80.125 ............6,500,541 ............8,113,000 ............6,490,400 .......................... ..............(8,384) ...........1,662,727 .......................... ..........6.875 ..........6.740 JD...... .......................... ...........557,769 05/03/2007. 12/01/2013.<br />
16725# AG 1 CHICAGO BRIDGE & IRON(DEL) VR................................................ ....... .. 1 3...... ......2 ..........45,000,000 ........90.565 ..........40,754,250 ..........45,000,000 ..........45,000,000 .......................... .......................... ............................ .......................... ..........5.618 ..........6.370 JAJO.. ...........619,488 ........2,456,681 11/06/2006. 11/06/2014.<br />
16735# AA 2 CHICAGO FAUCET CO GTD SER A SR........................................... ....... .. ........... ......2 ..........12,500,000 ........96.773 ..........12,096,625 ..........12,500,000 ..........12,500,000 .......................... .......................... ............................ .......................... ..........5.000 ..........5.000 JD...... .............20,833 ...........625,000 12/19/2002. 12/19/2009.<br />
16937# AB 6 CHINA BASIN BALLPARK CO LLC SR.............................................. ....... .. ........... ......2 ..........18,459,109 ........98.283 ..........18,142,166 ..........18,459,109 ..........18,459,109 .......................... .......................... ............................ .......................... ..........8.090 ..........8.090 MS..... ...........377,484 ........1,493,342 11/25/1998. 11/26/2017.<br />
12543D AF 7 CHS/CMNTY HEALTH SYS INC SR NT............................................. ....... .. .........1 .4FE ............3,013,750 ........92.000 ............2,760,000 ............3,000,000 ............3,011,068 .......................... ..............(1,909) ............................ .......................... ..........8.875 ..........8.677 JJ....... ...........122,771 ...........258,854 07/12/2007. 07/15/2015.<br />
000000 00 0 CHS/COMMUNITY HEALTH SYSTEMS I.......................................... ....... .. .......23 .3FE ............5,443,959 ........78.625 ............4,280,313 ............5,443,959 ............5,443,959 .......................... .......................... ............................ .......................... ..........4.899 ..........7.610 MON.. .............22,591 ...........311,545 06/29/2007. 07/25/2014.<br />
125509 BH 1 CIGNA CORP SR NT.......................................................................... ....... .. ........... .2FE ............5,098,600 ........76.090 ............3,804,500 ............5,000,000 ............5,096,300 .......................... ..............(1,316) ............................ .......................... ..........6.150 ..........6.006 MN..... .............39,292 ...........307,500 03/13/2007. 11/15/2036.<br />
125509 BK 4 CIGNA CORP SR NT.......................................................................... ....... .. ........... .2FE ............8,989,920 ........89.245 ............8,032,050 ............9,000,000 ............8,990,524 .......................... ..................604 ............................ .......................... ..........6.350 ..........6.365 MS..... ...........168,275 ...........298,450 03/04/2008. 03/15/2018.<br />
F1790# AA 0 CIMENTS FRANCAIS SA SER A SR N.............................................. ....... F ........... ......2 ..........19,000,000 ........82.461 ..........15,667,590 ..........19,000,000 ..........19,000,000 .......................... .......................... ............................ .......................... ..........5.630 ..........5.630 MN..... ...........136,684 ........1,069,700 11/15/2002. 11/15/2012.<br />
172062 AC 5 CINCINNATI FINANCIAL CORP DB................................................... ....... .. ........... .1FE ............5,075,514 ........86.153 ............4,652,262 ............5,400,000 ............5,114,259 .......................... ...............6,472 ............................ .......................... ..........6.900 ..........7.418 MN..... .............47,610 ...........372,600 06/28/2001. 05/15/2028.<br />
172062 AF 8 CINCINNATI FINL CORP DB.............................................................. ....... .. ........... .1FE ..........10,324,505 ........86.514 ............8,218,830 ............9,500,000 ..........10,279,961 .......................... ............(20,435) ............................ .......................... ..........6.920 ..........6.186 MN..... .............84,001 ...........657,400 09/20/2006. 05/15/2028.<br />
17248R AJ 5 CINGULAR WIRELESS LLC BD......................................................... ....... .. ........... .1FE ............7,139,930 ......105.096 ............7,356,720 ............7,000,000 ............7,127,341 .......................... ..............(2,209) ............................ .......................... ..........7.125 ..........6.963 JD...... .............22,167 ...........498,750 01/28/2002. 12/15/2031.<br />
17248R AF 3 CINGULAR WIRELESS LLC SR NT................................................... ....... .. ........... .1FE ............7,555,065 ......100.400 ............7,530,000 ............7,500,000 ............7,520,029 .......................... ..............(5,970) ............................ .......................... ..........6.500 ..........6.399 JD...... .............21,667 ...........487,500 12/19/2001. 12/15/2011.<br />
17252M AF 7 CINTAS CORP NO 2 SR NT............................................................... ....... .. ........... .1FE ..........32,582,638 ........99.272 ..........30,605,558 ..........30,830,000 ..........31,547,171 .......................... ..........(186,935) ............................ .......................... ..........6.000 ..........5.247 JD...... ...........154,150 ........1,849,800 10/22/2002. 06/01/2012.<br />
17275R AB 8 CISCO SYSTEMS INC GLOBAL NT.................................................. ....... .. ........... .1FE ..........15,528,310 ......103.813 ..........16,142,922 ..........15,550,000 ..........15,540,389 .......................... ...............4,122 ............................ .......................... ..........5.250 ..........5.281 FA...... ...........292,534 ...........816,375 11/01/2006. 02/22/2011.<br />
17275R AC 6 CISCO SYSTEMS INC GLOBAL NT.................................................. ....... .. ........... .1FE ...............746,573 ......105.918 ...............794,385 ...............750,000 ...............747,368 .......................... ..................293 ............................ .......................... ..........5.500 ..........5.560 FA...... .............14,781 .............41,250 02/14/2006. 02/22/2016.<br />
125581 AR 9 CIT GROUP INC SR GLOBAL NT..................................................... ....... .. ........... .2FE ..........24,860,250 ........70.400 ..........17,600,000 ..........25,000,000 ..........24,906,823 .......................... .............12,772 ............................ .......................... ..........5.000 ..........5.072 FA...... ...........520,833 ........1,250,000 01/25/2005. 02/01/2015.<br />
125568 AD 7 CIT GROUP CO OF CANADA NTS.................................................... ....... I. ........... .2FE ............4,013,640 ........70.205 ............2,808,200 ............4,000,000 ............4,009,614 .......................... ..............(1,235) ............................ .......................... ..........5.200 ..........5.156 AO...... .............43,911 ...........208,000 07/08/2005. 06/01/2015.<br />
125581 AQ 1 CIT GROUP INC NT............................................................................ ....... .. ........... .2FE ..........18,888,360 ........91.678 ..........17,418,820 ..........19,000,000 ..........18,970,251 .......................... .............26,106 ............................ .......................... ..........4.250 ..........4.399 FA...... ...........336,458 ...........807,500 11/01/2006. 02/01/2010.<br />
125581 AW 8 CIT GROUP INC NT............................................................................ ....... .. ........... .2FE ............7,685,040 ........69.629 ............5,570,320 ............8,000,000 ............7,748,975 .......................... .............27,767 ............................ .......................... ..........5.400 ..........5.949 JJ....... ...........181,200 ...........432,000 08/02/2006. 01/30/2016.<br />
125581 AK 4 CIT GROUP INC SR MTN................................................................... ....... .. ........... .2FE ..........19,964,200 ........71.374 ..........14,274,800 ..........20,000,000 ..........20,022,884 .......................... ..............(4,070) ............................ .......................... ..........5.125 ..........5.148 MS..... ...........259,097 ........1,025,000 09/13/2004. 09/30/2014.<br />
125581 AY 4 CIT GROUP INC SR NT...................................................................... ....... .. ........... .2FE ............9,924,530 ........63.199 ............6,319,900 ..........10,000,000 ............9,927,233 .......................... ...............1,032 ............................ .......................... ..........6.000 ..........6.055 AO...... ...........150,000 ...........600,000 03/20/2006. 04/01/2036.<br />
173034 GV 5 CITICORP SUB NTS........................................................................... ....... .. ........... .1FE ............1,025,610 ........98.298 ...............982,980 ............1,000,000 ............1,006,985 .......................... ..............(2,194) ............................ .......................... ..........7.250 ..........6.971 AO...... .............15,306 .............72,500 11/19/1996. 10/15/2011.<br />
17307X CP 4 CITIGROUP GLOBAL MKTS HLDGS IN............................................ ....... .. 1 3...... .1FE ............4,482,450 ........83.006 ............4,150,300 ............5,000,000 ............4,608,193 .......................... .............50,374 ............................ .......................... ..........4.500 ..........5.644 MS..... .............66,250 ...........225,000 05/15/2006. 03/15/2019.<br />
172967 BU 4 CITIGROUP INC GLBL BD................................................................. ....... .. ........... .1FE ..........10,890,635 ........87.183 ............9,154,215 ..........10,500,000 ..........10,866,630 .......................... ..............(7,197) ............................ .......................... ..........5.875 ..........5.608 FA...... ...........221,047 ...........616,875 07/13/2005. 02/22/2033.<br />
172967 BW 0 CITIGROUP INC GLBL SB NT............................................................ ....... .. ........... .1FE ............7,466,360 ........79.758 ............6,380,640 ............8,000,000 ............7,549,876 .......................... .............56,791 ............................ .......................... ..........4.875 ..........5.877 MN..... .............58,500 ...........390,000 06/28/2007. 05/07/2015.<br />
172967 EU 1 CITIGROUP INC GLBL SR NT........................................................... ....... .. ........... .1FE .................78,648 ......100.909 .................80,727 .................80,000 .................78,702 .......................... ....................54 ............................ .......................... ..........6.500 ..........6.910 FA...... ...............1,907 .......................... 10/16/2008. 08/19/2013.<br />
172967 BJ 9 CITIGROUP INC NT............................................................................ ....... .. ........... .1FE ............9,945,900 ........98.893 ............9,889,300 ..........10,000,000 ............9,979,424 .......................... ...............5,779 ............................ .......................... ..........6.000 ..........6.073 FA...... ...........216,667 ...........600,000 02/13/2002. 02/21/2012.<br />
172967 CQ 2 CITIGROUP INC SB NT...................................................................... ....... .. ........... .1FE ..........33,232,444 ........87.958 ..........30,093,071 ..........34,213,000 ..........33,577,206 .......................... .............87,680 ............................ .......................... ..........5.000 ..........5.370 MS..... ...........503,691 ........1,710,650 09/23/2005. 09/15/2014.<br />
172967 BC 4 CITIGROUP INC SR NT...................................................................... ....... .. ........... .1FE ............7,950,711 ......100.439 ............8,035,120 ............8,000,000 ............7,987,066 .......................... ...............5,711 ............................ .......................... ..........6.500 ..........6.585 JJ....... ...........235,444 ...........520,000 01/10/2001. 01/18/2011.<br />
172967 CY 5 CITIGROUP INC SR NT...................................................................... ....... .. ........... .1FE ............4,982,650 ........86.302 ............4,315,100 ............5,000,000 ............4,987,965 .......................... ...............1,571 ............................ .......................... ..........4.700 ..........4.744 MN..... .............20,889 ...........235,000 05/24/2005. 05/29/2015.<br />
172967 AQ 4 CITIGROUP INC SR NTS................................................................... ....... .. ........... .1FE ............4,140,480 ......101.672 ............4,066,880 ............4,000,000 ............4,119,954 .......................... ..............(3,732) ............................ .......................... ..........7.000 ..........6.701 JD...... .............23,333 ...........280,000 05/08/2002. 12/01/2025.<br />
172967 CC 3 CITIGROUP INC SUB NTS................................................................. ....... .. ........... .1FE ..........12,990,830 ........87.974 ..........10,996,750 ..........12,500,000 ..........12,962,103 .......................... ..............(8,531) ............................ .......................... ..........6.000 ..........5.717 AO...... ...........127,083 ...........750,000 03/09/2005. 10/31/2033.<br />
17453B AP 6 CITIZENS COMMUNICATIONS CO SR............................................. ....... .. ........... .3FE ............1,792,906 ........85.000 ............1,572,500 ............1,850,000 ............1,814,853 .......................... ...............7,318 ............................ .......................... ..........6.250 ..........6.795 JJ....... .............53,316 ...........115,625 02/16/2006. 01/15/2013.<br />
17453B AJ 0 CITIZENS COMMUNICATIONS SR NTS........................................... ....... .. .........1 .3FE ............1,638,531 ........63.000 ...............992,250 ............1,575,000 ............1,636,123 .......................... .................(863) ............................ .......................... ..........9.000 ..........8.607 FA...... .............53,550 ...........141,750 02/23/2006. 08/15/2031.<br />
D6574* AA 7 CLAAS KGAA MBH SR NT................................................................. ....... F ........... ......2 ..........53,985,130 ........94.219 ..........50,689,822 ..........53,800,000 ..........53,935,508 .......................... ............(30,026) ............................ .......................... ..........5.760 ..........5.688 JD...... ........1,195,072 ........3,156,480 03/09/2007. 12/27/2014.<br />
000000 00 0 CLAIRE'S STORES INC TRNCH B.................................................... ....... .. .......23 .4FE ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... ...............9,088 .......................... ................... ...................<br />
18551* AA 3 CLECO EVANGELINE LLC SR SECD N............................................ ....... .. ........... ......3 ..........11,587,328 ........84.580 ............9,800,562 ..........11,587,328 ..........11,587,328 .......................... .......................... ............................ .......................... ..........8.820 ..........8.820 MS..... ...........340,667 ........1,022,002 11/23/1999. 09/15/2020.<br />
189054 AF 6 CLOROX CO NTS............................................................................... ....... .. .........1 .2FE ..........25,745,950 ........93.531 ..........24,224,529 ..........25,900,000 ..........25,734,418 .......................... .............12,538 ............................ .......................... ..........5.000 ..........5.123 JJ....... ...........597,139 ........1,122,500 05/13/2008. 01/15/2015.<br />
189054 AQ 2 CLOROX CO SR NT........................................................................... ....... .. ........... .2FE ............7,984,320 ........98.523 ............7,881,840 ............8,000,000 ............7,986,649 .......................... ...............2,329 ............................ .......................... ..........5.000 ..........5.045 MS..... ...........133,333 ...........197,778 02/27/2008. 03/01/2013.<br />
125896 AX 8 CMS ENERGY CORP SR NTS........................................................... ....... .. .........1 .3FE ...............783,281 ........91.797 ...............711,427 ...............775,000 ...............779,437 .......................... ..............(1,280) ............................ .......................... ..........6.300 ..........6.094 FA...... .............20,344 .............48,825 10/11/2005. 02/01/2012.<br />
20763# BC 4 CNB SEC NT (OXY PETROCHEMICAL)........................................... ....... .. ........... ......1 ...............128,627 ......103.067 ...............113,878 ...............110,489 ...............111,337 .......................... ..............(2,044) ............................ .......................... ........10.300 ..........8.298 JD...... ..................537 .............11,380 06/01/1995. 06/14/2009.<br />
191098 AF 9 COCA COLA BOTTLING CO CONS SR............................................ ....... .. ........... .2FE ..........12,135,936 ........95.831 ..........12,266,368 ..........12,800,000 ..........12,286,854 .......................... .............65,670 ............................ .......................... ..........5.300 ..........6.079 AO...... ...........169,600 ...........678,400 08/03/2006. 04/01/2015.<br />
191219 AQ 7 COCA COLA ENTERPRISES............................................................. ....... .. ........... .1FE ...............507,295 ......112.768 ...............563,840 ...............500,000 ...............505,598 .......................... .................(221) ............................ .......................... ..........8.000 ..........7.865 MS..... .............11,778 .............40,000 04/25/1997. 09/15/2022.<br />
191219 AU 8 COCA COLA ENTERPRISES............................................................. ....... .. ........... .1FE ..........13,418,504 ......101.478 ..........13,054,130 ..........12,864,000 ..........13,369,628 .......................... ............(11,945) ............................ .......................... ..........6.750 ..........6.359 MS..... ...........255,672 ...........569,160 07/23/2008. 09/15/2023.<br />
191219 BP 8 COCA COLA ENTERPRISES NTS..................................................... ....... .. .........1 .1FE ............7,990,080 ......100.557 ............8,044,560 ............8,000,000 ............7,997,259 .......................... ...............1,515 ............................ .......................... ..........4.250 ..........4.271 MS..... ...........100,111 ...........340,000 09/24/2003. 09/15/2010.<br />
191219 AN 4 COCA COLA ENTERPRISES SR DEBS............................................ ....... .. ........... .1FE ............9,945,650 ......108.735 ..........10,873,500 ..........10,000,000 ............9,984,415 .......................... ...............4,242 ............................ .......................... ..........8.500 ..........8.561 FA...... ...........354,167 ...........850,000 10/17/1994. 02/01/2012.<br />
191098 AH 5 COCA-COLA BOTTLING CO CONS 144........................................... ....... .. ........... .2FE ..........19,875,694 ........92.983 ..........19,168,445 ..........20,615,000 ..........20,052,237 .......................... .............59,435 ............................ .......................... ..........5.000 ..........5.449 JD...... .............45,811 ........1,030,750 01/18/2006. 06/15/2016.<br />
191219 AW 4 COCA-COLA ENTERPRISE NT......................................................... ....... .. ........... .1FE ............3,990,600 ......101.204 ............4,048,160 ............4,000,000 ............3,992,403 .......................... ..................211 ............................ .......................... ..........7.000 ..........7.018 AO...... .............70,000 ...........280,000 09/25/1996. 10/01/2026.
E10.39<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
191219 AP 9 COCA-COLA ENTERPRISES DEB.................................................... ....... .. ........... .1FE ............7,138,089 ......116.747 ............7,355,061 ............6,300,000 ............6,958,097 .......................... ............(29,384) ............................ .......................... ..........8.500 ..........7.249 FA...... ...........223,125 ...........535,500 04/24/2001. 02/01/2022.<br />
191219 AY 0 COCA-COLA ENTERPRISES INC DB............................................... ....... .. ........... .1FE ..........15,243,550 ......100.702 ..........15,105,300 ..........15,000,000 ..........15,195,261 .......................... ..............(5,725) ............................ .......................... ..........6.950 ..........6.821 MN..... ...........133,208 ........1,042,500 04/25/2001. 11/15/2026.<br />
191219 AV 6 COCA-COLA ENTERPRISES INC ZERO.......................................... ....... .. ........... .1FE ...............962,500 ........49.191 ............2,459,550 ............5,000,000 ............2,307,087 .......................... ...........150,415 ............................ .......................... ................... ..........6.857 NONE .......................... .......................... 01/09/1996. 06/20/2020.<br />
1912EQ AC 6 COCA-COLA HBC FINANCE BV NTS................................................ ....... F .........1 .1FE ..........21,882,160 ........97.651 ..........21,483,220 ..........22,000,000 ..........21,937,166 .......................... .............11,473 ............................ .......................... ..........5.125 ..........5.194 MS..... ...........325,722 ........1,127,500 10/29/2003. 09/17/2013.<br />
1912EQ AD 4 COCA-COLA HBC FINANCE BV NTS................................................ ....... F .........1 .1FE ..........11,974,920 ........95.041 ..........11,404,920 ..........12,000,000 ..........11,984,001 .......................... ...............1,921 ............................ .......................... ..........5.500 ..........5.524 MS..... ...........190,667 ...........660,000 09/10/2003. 09/17/2015.<br />
000000 00 0 COFFEYVILLE RESOURCES LLC LC B............................................ ....... .. .......23 .4FE ...............977,351 ........71.500 ...............695,676 ...............972,973 ...............975,437 .......................... ..............(1,163) ............................ .......................... ..........5.541 ..........8.224 MON.. .............22,538 .............66,719 03/20/2007. 12/28/2010.<br />
000000 00 0 COFFEYVILLE RESOURCES LLC TRNC.......................................... ....... .. .......23 .4FE ............3,147,257 ........71.500 ............2,246,236 ............3,141,589 ............3,145,996 .......................... .................(804) ............................ .......................... ..........5.447 ..........8.330 MON.. .............55,633 ...........214,872 03/20/2007. 12/28/2013.<br />
19238V A# 2 COGECO CABLE INC SER A SR SEC.............................................. ....... I. ........... .2FE ..........25,000,000 ........93.454 ..........23,363,500 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 AO...... ...........437,500 .......................... 10/01/2008. 10/01/2015.<br />
195869 AD 4 COLONIAL PIPELINE CO SER 144A................................................. ....... .. .........1 .1FE ............6,909,910 ......108.888 ............7,622,160 ............7,000,000 ............6,917,916 .......................... ...............1,272 ............................ .......................... ..........8.375 ..........8.494 MN..... .............97,708 ...........586,250 10/24/2000. 11/01/2030.<br />
195869 AL 6 COLONIAL PIPELINE CO SR NT 144................................................ ....... .. ........... .1FE ............4,980,250 ........87.486 ............4,374,300 ............5,000,000 ............4,980,572 .......................... ..................234 ............................ .......................... ..........6.375 ..........6.405 FA...... ...........132,813 ...........310,781 08/08/2007. 08/01/2037.<br />
195869 AG 7 COLONIAL PIPELINE CO 144A NT.................................................... ....... .. ........... .1FE ..........30,794,463 ......102.104 ..........30,375,940 ..........29,750,000 ..........30,712,110 .......................... ............(16,005) ............................ .......................... ..........7.630 ..........7.337 MN..... ...........195,466 ........2,269,925 06/27/2002. 04/15/2032.<br />
195869 AJ 1 COLONIAL PIPELINE CO 144A NT.................................................... ....... .. ........... .1FE ..........33,072,170 ........90.514 ..........28,964,480 ..........32,000,000 ..........32,983,249 .......................... ............(18,616) ............................ .......................... ..........6.580 ..........6.325 FA...... ...........719,413 ........2,105,600 01/28/2004. 08/28/2032.<br />
195889 AA 8 COLONIAL REALTY LP...................................................................... ....... .. ........... .2FE ............9,963,700 ........58.271 ............5,827,100 ..........10,000,000 ............9,970,337 .......................... ...............2,955 ............................ .......................... ..........6.050 ..........6.099 MS..... ...........201,667 ...........605,000 08/24/2006. 09/01/2016.<br />
195891 AJ 5 COLONIAL REALTY LP SR NT.......................................................... LS... .. ........... .2FE ............6,459,505 ........56.337 ............3,661,905 ............6,500,000 ............6,470,320 .......................... ...............3,531 ............................ .......................... ..........5.500 ..........5.582 AO...... .............89,375 ...........357,500 09/21/2005. 10/01/2015.<br />
K1601# AA 3 COLOPLAST A/S SR NT.................................................................... ....... F ........... ......2 ..........33,000,000 ........96.720 ..........31,917,600 ..........33,000,000 ..........33,000,000 .......................... .......................... ............................ .......................... ..........5.000 ..........5.000 AO...... ...........279,583 ........1,650,000 04/30/2003. 04/30/2013.<br />
20029P AL 3 COMCAST CABLE COMMS INC NTS............................................... ....... .. ........... .2FE ............2,559,605 ......100.380 ............2,509,500 ............2,500,000 ............2,516,549 .......................... ..............(7,208) ............................ .......................... ..........6.750 ..........6.405 JJ....... .............70,781 ...........168,750 11/06/2001. 01/30/2011.<br />
20029P AG 4 COMCAST CABLE COMMUNICATIONS I......................................... ....... .. ........... .2FE ..........13,334,162 ......106.785 ..........14,255,798 ..........13,350,000 ..........13,339,907 .......................... ..................768 ............................ .......................... ..........8.875 ..........8.888 MN..... ...........197,469 ........1,184,813 04/30/1997. 05/01/2017.<br />
20030N AA 9 COMCAST CORP CO GUARNT........................................................ ....... .. .........1 .2FE ............2,005,640 ........99.739 ............1,994,780 ............2,000,000 ............2,001,017 .......................... .................(921) ............................ .......................... ..........5.850 ..........5.800 JJ....... .............53,950 ...........117,000 02/03/2003. 01/15/2010.<br />
20030N AB 7 COMCAST CORP NT......................................................................... ....... .. .........1 .2FE ..........11,001,800 ........98.293 ............9,829,300 ..........10,000,000 ..........10,682,399 .......................... ............(94,005) ............................ .......................... ..........6.500 ..........5.170 JJ....... ...........299,722 ...........650,000 05/06/2005. 01/15/2015.<br />
20030N AG 6 COMCAST CORP NT......................................................................... ....... .. ........... .2FE ............8,677,600 ........90.143 ............7,932,584 ............8,800,000 ............8,709,050 .......................... ...............9,741 ............................ .......................... ..........4.950 ..........5.118 JD...... .............19,360 ...........435,600 08/22/2005. 06/15/2016.<br />
20030N AH 4 COMCAST CORP NT......................................................................... ....... .. ........... .2FE .................14,760 ........98.842 .................14,826 .................15,000 .................14,764 .......................... ......................4 ............................ .......................... ..........5.450 ..........6.350 MN..... ..................104 .......................... 12/15/2008. 11/15/2010.<br />
20030N AM 3 COMCAST CORP NT......................................................................... ....... .. ........... .2FE ..........23,991,812 ........99.512 ..........23,683,856 ..........23,800,000 ..........23,987,836 .......................... ..............(2,384) ............................ .......................... ..........6.450 ..........6.388 MS..... ...........452,002 ........1,535,100 01/22/2007. 03/15/2037.<br />
20030N AR 2 COMCAST CORP NT......................................................................... ....... .. ........... .2FE ............9,500,745 ........94.760 ............9,016,414 ............9,515,000 ............9,502,696 .......................... ..................954 ............................ .......................... ..........5.875 ..........5.895 FA...... ...........211,180 ...........558,419 12/16/2008. 02/15/2018.<br />
20030N AU 5 COMCAST CORP NT......................................................................... ....... .. ........... .2FE ...................9,976 ........97.349 ...................9,735 .................10,000 ...................9,978 .......................... ......................2 ............................ .......................... ..........6.300 ..........6.334 MN..... ....................81 ..................630 08/20/2007. 11/15/2017.<br />
20030N AN 1 COMCAST CORP NT FLTG RT......................................................... ....... .. .........3 .2FE .................12,009 ........98.634 .................11,836 .................12,000 .................12,002 .......................... .....................(4) ............................ .......................... ..........3.088 ..........5.761 JAJO.. ....................79 ..................496 07/26/2007. 07/14/2009.<br />
200339 AJ 8 COMERICA BANK SER BKNT SB NTS............................................. ....... .. ........... .1FE ............3,155,390 ........72.053 ............2,161,590 ............3,000,000 ............3,137,949 .......................... ..............(4,211) ............................ .......................... ..........7.875 ..........7.388 MS..... .............69,563 ...........236,250 10/15/2003. 09/15/2026.<br />
200339 CG 2 COMERICA BK DETROIT MI SB NT.................................................. ....... .. ........... .1FE ..........15,200,382 ........77.492 ..........11,778,784 ..........15,200,000 ..........15,200,697 .......................... ...................(76) ............................ .......................... ..........5.750 ..........5.749 MN..... .............97,111 ...........874,000 03/26/2007. 11/21/2016.<br />
20035C AB 6 COMERICA BK DETROIT MICHIGAN S............................................ ....... .. ........... .1FE ............9,294,800 ........76.437 ............7,643,700 ..........10,000,000 ............9,410,921 .......................... .............50,476 ............................ .......................... ..........5.200 ..........6.086 FA...... ...........186,333 ...........520,000 08/02/2006. 08/22/2017.<br />
200339 AD 1 COMERICA INC SB NT...................................................................... ....... .. ........... .1FE ...............993,880 ........83.048 ...............830,480 ............1,000,000 ...............997,670 .......................... ..................382 ............................ .......................... ..........7.125 ..........7.212 JD...... ...............5,938 .............71,250 11/29/1993. 12/01/2013.<br />
200340 AL 1 COMERICA INC SB NT...................................................................... LS... .. ........... .1FE ............1,493,115 ........76.565 ............1,148,475 ............1,500,000 ............1,495,874 .......................... ..................544 ............................ .......................... ..........4.800 ..........4.851 MN..... .............12,000 .............72,000 05/01/2003. 05/01/2015.<br />
200641 AA 6 COMMERCE GROUP INC NT............................................................ ....... .. ........... .2FE ..........11,162,210 ........86.176 ............9,479,360 ..........11,000,000 ..........11,091,803 .......................... ............(15,758) ............................ .......................... ..........5.950 ..........5.752 JD...... .............39,997 ...........654,500 01/09/2004. 12/09/2013.<br />
201615 BU 4 COMMERCIAL CREDIT CO NTS....................................................... ....... .. ........... .1FE ............5,136,508 ......100.254 ............4,260,795 ............4,250,000 ............4,301,470 .......................... ..........(107,587) ............................ .......................... ..........8.700 ..........5.981 JD...... .............16,433 ...........369,750 01/07/1999. 06/15/2009.<br />
201723 AH 6 COMMERCIAL METALS CO NTS...................................................... ....... .. ........... .2FE ............3,996,240 ........75.871 ............3,034,840 ............4,000,000 ............3,996,649 .......................... ..................285 ............................ .......................... ..........6.500 ..........6.513 JJ....... ...........119,889 ...........258,556 07/12/2007. 07/15/2017.<br />
201723 AC 7 COMMERCIAL METALS NTS............................................................ ....... .. .........1 .2FE ............3,996,920 ........99.928 ............3,997,120 ............4,000,000 ............3,999,946 .......................... ..................417 ............................ .......................... ..........6.750 ..........6.761 FA...... ...........102,000 ...........270,000 02/18/1999. 02/15/2009.<br />
201723 AG 8 COMMERCIAL METALS NTS............................................................ ....... .. ........... .2FE ............4,992,800 ........82.461 ............4,123,050 ............5,000,000 ............4,996,014 .......................... ..................692 ............................ .......................... ..........5.625 ..........5.644 MN..... .............35,938 ...........281,250 11/06/2003. 11/15/2013.<br />
202795 HK 9 COMMONWEALTH EDISON CO 1ST MTG....................................... ....... .. ........... .2FE ...................3,986 ........83.162 ...................4,158 ...................5,000 ...................3,986 .......................... .......................... ............................ .......................... ..........5.900 ..........7.687 MS..... ....................87 .......................... 12/17/2008. 03/15/2036.<br />
204386 AK 2 COMP GENL GEOPHY VERITAS SR NT.......................................... ....... .. .........1 .3FE ............2,000,000 ........58.000 ............1,160,000 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........7.750 ..........7.750 MN..... .............19,806 ...........155,000 02/02/2007. 05/15/2017.<br />
20444P AA 4 COMPANIA DE DESARROLLO AERO ST......................................... ....... F ........... .3FE ............2,062,500 ........95.864 ............1,977,195 ............2,062,500 ............2,062,500 .......................... .......................... ............................ .......................... ........10.190 ........10.190 MN..... .............18,098 ...........210,169 06/04/1996. 05/31/2011.<br />
20449E BT 2 COMPASS BANK NTS....................................................................... ....... .. ........... .1FE ............6,987,120 ........61.424 ............4,299,680 ............7,000,000 ............6,989,567 .......................... ..................654 ............................ .......................... ..........5.500 ..........5.518 AO...... .............96,250 ...........385,000 03/14/2005. 04/01/2020.<br />
20449L FU 9 COMPASS BANK NTS....................................................................... ....... .. ........... .1FE ............1,777,864 ........91.205 ............1,658,273 ............1,818,182 ............1,805,178 .......................... .............43,299 ............................ .......................... ..........2.800 ..........4.485 FA...... .............18,667 .............50,909 08/05/2005. 08/19/2009.<br />
20449E EE 2 COMPASS BANK SB NT.................................................................... ....... .. ........... .1FE ............4,983,500 ........59.969 ............2,998,450 ............5,000,000 ............4,984,812 .......................... ..................495 ............................ .......................... ..........5.900 ..........5.928 AO...... .............73,750 ...........295,000 03/14/2006. 04/01/2026.<br />
G2044@ AF 2 COMPASS GROUP PLC A2 SR NOTES........................................... ....... F ........... ......2 ............6,000,000 ......100.230 ............6,013,800 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........6.390 ..........6.390 AO...... .............95,850 ...........383,400 05/17/2002. 05/17/2009.<br />
205363 AB 0 COMPUTER SCIENCES CORP NT................................................... ....... .. ........... .2FE ............1,358,882 ........99.671 ............1,270,805 ............1,275,000 ............1,278,269 .......................... ............(15,231) ............................ .......................... ..........6.250 ..........4.996 MS..... .............23,464 .............79,688 01/09/2003. 03/15/2009.<br />
205363 AE 4 COMPUTER SCIENCES CORP NT................................................... ....... .. ........... .2FE ..........38,702,320 ........99.032 ..........37,879,740 ..........38,250,000 ..........38,481,383 .......................... ............(87,528) ............................ .......................... ..........7.375 ..........7.095 JD...... ...........125,375 ........2,820,938 08/16/2005. 06/15/2011.<br />
20557# AE 1 COMPUTERSHARE US GTD SR NT................................................. ....... .. ........... ......1 ..........31,216,966 ........94.747 ..........29,371,570 ..........31,000,000 ..........31,216,966 .......................... .......................... ............................ .......................... ..........6.340 ..........6.340 JJ....... ...........829,836 .......................... 07/29/2008. 07/29/2018.<br />
205887 BA 9 CONAGRA FOODS INC BD............................................................... ....... .. ........... .2FE ............2,013,960 ......101.085 ............2,021,700 ............2,000,000 ............2,004,718 .......................... ..............(1,541) ............................ .......................... ..........6.750 ..........6.653 MS..... .............39,750 ...........135,000 09/06/2001. 09/15/2011.<br />
205887 AW 2 CONAGRA FOODS INC NT................................................................ ....... .. ........... .2FE ............2,188,751 ......103.475 ............2,055,014 ............1,986,000 ............2,034,982 .......................... ............(26,344) ............................ .......................... ..........7.875 ..........6.327 MS..... .............46,050 ...........156,398 01/03/2002. 09/15/2010.<br />
205887 AC 6 CONAGRA INC SB NT........................................................................ ....... .. ........... .2FE ..........10,700,600 ......120.679 ..........12,067,900 ..........10,000,000 ..........10,511,566 .......................... ............(22,383) ............................ .......................... ..........9.750 ..........9.046 MS..... ...........325,000 ...........975,000 10/13/1994. 03/01/2021.<br />
20715M AB 1 CONFEDERATED TRIBES 144A 2006B............................................ ....... .. .........1 .3FE ..........15,000,000 ........73.226 ..........10,983,900 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........9.750 ..........9.750 MN..... ...........243,750 ........1,462,500 10/20/2006. 11/01/2020.<br />
20763# EF 4 CONNECTICUT NATIONAL BANK-OWNE........................................ ....... .. ........... ......2 ............3,041,568 ......104.451 ............3,115,469 ............2,982,709 ............2,996,816 .......................... ............(12,543) ............................ .......................... ..........8.860 ..........8.465 MJSD. .............73,375 ...........270,471 04/23/2004. 03/30/2011.<br />
20825U AB 0 CONOCO FUNDING CO GLBL BD.................................................... ....... .. ........... .1FE ..........16,800,300 ......105.203 ..........16,306,465 ..........15,500,000 ..........15,998,629 .......................... ..........(162,999) ............................ .......................... ..........6.350 ..........5.095 AO...... ...........207,786 ...........984,250 06/20/2005. 10/15/2011.<br />
208251 AE 8 CONOCO INC SR NTS....................................................................... ....... .. ........... .1FE ..........31,747,211 ......107.610 ..........37,663,500 ..........35,000,000 ..........32,120,385 .......................... .............57,093 ............................ .......................... ..........6.950 ..........7.800 AO...... ...........513,528 ........2,432,500 06/28/2000. 04/15/2029.<br />
20825C AF 1 CONOCOPHILLIPS BD....................................................................... ....... .. ........... .1FE ..........18,754,919 ........98.358 ..........18,919,161 ..........19,235,000 ..........18,795,619 .......................... ...............8,077 ............................ .......................... ..........5.900 ..........6.082 AO...... ...........239,583 ........1,134,865 09/05/2003. 10/15/2032.<br />
20825C AE 4 CONOCOPHILLIPS BONDS............................................................... ....... .. .........1 .1FE ............5,250,000 ........99.672 ............5,232,780 ............5,250,000 ............5,250,000 .......................... .......................... ............................ .......................... ..........4.750 ..........4.750 AO...... .............52,646 ...........249,375 10/03/2002. 10/15/2012.
E10.40<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
20825C AN 4 CONOCOPHILLIPS GTD NT.............................................................. ....... .. ........... .1FE ............4,005,976 ........97.322 ............3,892,880 ............4,000,000 ............4,005,815 .......................... .................(161) ............................ .......................... ..........5.201 ..........5.180 MN..... .............26,583 ...........108,044 08/29/2008. 05/15/2018.<br />
20923* AB 8 CONSOLID FREIGHT THFT&STK TR E............................................ ....... .. ........... ......2 ............2,196,575 ........99.985 ............1,830,370 ............1,830,645 ............1,830,718 .......................... ............(25,568) ............................ .......................... ..........8.542 ..........7.073 JJ....... .............78,191 ...........156,381 01/01/1998. 01/01/2009.<br />
209615 BS 1 CONSOLIDATED NATURAL GAS CO DB......................................... ....... .. ........... .2FE ............4,398,350 ........94.059 ............4,702,950 ............5,000,000 ............4,472,492 .......................... .............11,785 ............................ .......................... ..........6.800 ..........7.880 JD...... .............15,111 ...........340,000 10/27/2000. 12/15/2027.<br />
209615 BT 9 CONSOLIDATED NATURAL GAS CO NT......................................... ....... .. ........... .2FE ..........40,894,206 ......101.053 ..........43,149,631 ..........42,700,000 ..........42,330,583 .......................... ...........187,823 ............................ .......................... ..........6.000 ..........6.101 AO...... ...........540,867 ........2,562,000 11/02/1998. 10/15/2010.<br />
Q2759# AJ 6 CONSOLIDATED PRESS FIN LTD SER............................................ ....... F ........... ......2 ..........12,500,000 ........91.334 ..........11,416,750 ..........12,500,000 ..........12,500,000 .......................... .......................... ............................ .......................... ..........4.930 ..........4.930 AO...... ...........106,132 ...........616,250 04/29/2004. 04/29/2012.<br />
Q2759# AM 9 CONSOLIDATED PRESS FIN SER L G............................................. ....... F ........... ......2 ..........20,500,000 ........94.366 ..........19,345,030 ..........20,500,000 ..........20,500,000 .......................... .......................... ............................ .......................... ..........5.560 ..........5.560 JD...... .............69,654 ........1,223,200 06/09/2005. 06/09/2014.<br />
Q2759# AN 7 CONSOLIDATED PRESS HOLDINGS SE......................................... ....... F ........... ......2 ..........10,000,000 ........93.767 ............9,376,700 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.670 ..........5.670 JD...... .............34,650 ...........567,000 06/09/2005. 06/09/2015.<br />
21036P AF 5 CONSTELLATION BRANDS INC SR NT........................................... LS... .. ........... .3FE ............4,000,000 ........94.500 ............3,780,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........7.250 ..........7.250 MN..... .............45,111 ...........290,000 05/09/2007. 05/15/2017.<br />
210371 AJ 9 CONSTELLATION ENERGY GRP INC N........................................... ....... .. ........... .2FE ............2,443,554 ........98.964 ............2,281,120 ............2,305,000 ............2,324,969 .......................... ............(28,674) ............................ .......................... ..........6.125 ..........4.793 MS..... .............47,060 ...........141,181 06/30/2004. 09/01/2009.<br />
210805 DL 8 CONTINENTAL AIRLINES PSTHR TR............................................... ....... .. ........... .4FE ............1,624,250 ........58.000 ...............840,724 ............1,449,524 ............1,465,559 .......................... ..............(7,307) ............................ .......................... ..........7.033 ..........6.342 JD...... ...............4,531 ...........101,945 08/30/2001. 12/15/2012.<br />
210805 BE 6 CONTINENTAL AIRLINES SER 97-1B............................................... ....... .. ........... .4FE ............4,673,692 ........77.000 ............3,609,128 ............4,687,179 ............4,684,221 .......................... ...............2,404 ............................ .......................... ..........7.461 ..........7.509 AO...... .............87,428 ...........349,710 11/01/2006. 10/01/2014.<br />
210805 CB 1 CONTINENTAL AIRLINES SER 98-1................................................. ....... .. ........... .2FE ............5,748,003 ........73.000 ............4,136,834 ............5,666,895 ............5,690,692 .......................... ..............(4,740) ............................ .......................... ..........6.648 ..........6.547 MS..... ...........110,928 ...........377,382 02/17/1998. 03/15/2019.<br />
210805 CR 6 CONTINENTAL AIRLINES SER 991B................................................ ....... .. ........... .3FE ...............503,051 ........59.000 ...............298,422 ...............505,799 ...............499,433 .......................... ...............1,583 ............................ .......................... ..........6.795 ..........7.210 FA...... .............14,225 .............34,369 01/25/2001. 02/02/2020.<br />
21089# AA 4 CONTINENTAL AUTO REC INC. SER............................................... ....... .. ........... ......6 ...............176,669 ..........6.000 ...............525,903 ............8,765,044 ...............525,903 .......................... .......................... ............................ .......................... ........12.000 ........15.289 MJSD. .......................... .......................... 06/30/2000. 04/30/2005.<br />
G2163# AB 4 COOKSON NTS.................................................................................. ....... F ........... ......2 ............8,041,360 ........98.527 ............7,882,160 ............8,000,000 ............8,009,571 .......................... ............(10,764) ............................ .......................... ..........6.970 ..........6.820 MN..... .............92,933 ...........557,600 11/01/2005. 11/01/2009.<br />
216871 AB 9 COOPER INDUSTRIES INC CO GURAN.......................................... ....... .. ........... .1FE ............3,983,960 ......101.012 ............4,040,480 ............4,000,000 ............3,990,420 .......................... ...............2,172 ............................ .......................... ..........5.250 ..........5.319 MN..... .............26,833 ...........210,000 11/03/2005. 11/15/2012.<br />
21701R AB 4 COORS BREWING COMPANY SR NTS........................................... ....... .. .........1 .2FE ............2,522,059 ......107.828 ............2,568,463 ............2,382,000 ............2,445,015 .......................... ............(16,742) ............................ .......................... ..........6.375 ..........5.500 MN..... .............19,403 ...........151,853 12/08/2003. 05/15/2012.<br />
21864* AB 7 CORDOVA FUNDING SR SEC A2 144A............................................ ....... .. ........... ......3 ............1,528,825 ........82.856 ............1,266,724 ............1,528,825 ............1,528,825 .......................... .......................... ............................ .......................... ..........8.790 ..........8.790 JD...... ...............5,973 ...........134,384 12/10/1999. 12/15/2019.<br />
21864* AA 9 CORDOVA FUNDING SR SEC NTS A-1............................................ ....... .. ........... ......3 ............4,566,296 ........81.902 ............3,739,888 ............4,566,296 ............4,566,296 .......................... .......................... ............................ .......................... ..........8.640 ..........8.640 JD...... .............17,535 ...........394,528 09/21/1999. 12/15/2019.<br />
21864* AC 5 CORDOVA FUNDING SR SEC NTS A3............................................. ....... .. ........... ......3 ............1,430,709 ........84.619 ............1,210,651 ............1,430,709 ............1,430,709 .......................... .......................... ............................ .......................... ..........9.070 ..........9.070 JD...... ...............5,767 ...........129,765 09/21/1999. 12/15/2019.<br />
21864* AD 3 CORDOVA FUNDING SR SEC NTS A4............................................. ....... .. ........... ......3 ............2,838,013 ........83.046 ............2,356,856 ............2,838,013 ............2,838,013 .......................... .......................... ............................ .......................... ..........8.820 ..........8.820 JD...... .............11,125 ...........250,313 06/09/2000. 12/15/2019.<br />
21864* AE 1 CORDOVA FUNDING SR SEC NTS A5............................................. ....... .. ........... ......3 ...............622,836 ........80.897 ...............503,855 ...............622,836 ...............622,836 .......................... .......................... ............................ .......................... ..........8.480 ..........8.480 JD...... ...............2,347 .............52,817 09/15/2000. 12/15/2019.<br />
219023 AC 2 CORN PRODUCTS INTL INC SR NT................................................. ....... .. ........... .2FE ............9,941,800 ........85.156 ............8,515,600 ..........10,000,000 ............9,942,929 .......................... ..................671 ............................ .......................... ..........6.625 ..........6.670 AO...... ...........139,861 ...........662,500 04/04/2007. 04/15/2037.<br />
219023 AD 0 CORN PRODUCTS INTL INC SR NT................................................. ....... .. ........... .2FE ............9,976,800 ........87.117 ............8,711,700 ..........10,000,000 ............9,979,875 .......................... ...............1,823 ............................ .......................... ..........6.000 ..........6.031 AO...... ...........126,667 ...........600,000 04/04/2007. 04/15/2017.<br />
219350 AH 8 CORNING INC..................................................................................... ....... .. ........... .2FE ...............998,110 ........77.263 ...............772,630 ............1,000,000 ...............998,376 .......................... ....................37 ............................ .......................... ..........6.850 ..........6.865 MS..... .............22,833 .............68,500 02/25/1999. 03/01/2029.<br />
219350 AE 5 CORNING INC DEB............................................................................ LS... .. ........... .2FE ............2,306,475 ........92.420 ............2,310,500 ............2,500,000 ............2,423,461 .......................... .............13,099 ............................ .......................... ..........6.750 ..........7.537 MS..... .............49,688 ...........168,750 06/01/1995. 09/15/2013.<br />
21935N AV 7 CORNING INC MTN............................................................................ ....... .. ........... .2FE ............9,837,100 ........87.493 ............8,749,300 ..........10,000,000 ............9,880,756 .......................... ...............4,538 ............................ .......................... ..........7.530 ..........7.670 JD...... .............62,750 ...........753,000 05/18/1993. 03/01/2023.<br />
21987B AJ 7 CORP NACL DEL COBRE DE CHILE 1............................................. ....... .. ........... .1FE ..........11,628,640 ........93.919 ..........11,270,280 ..........12,000,000 ..........11,739,227 .......................... .............37,452 ............................ .......................... ..........4.750 ..........5.187 AO...... ...........120,333 ...........570,000 03/28/2006. 10/15/2014.<br />
219868 BK 1 CORPORACION ANDINA DE FOMENTO......................................... ....... F ........... .1FE ............7,491,300 ........84.289 ............6,321,675 ............7,500,000 ............7,493,991 .......................... ..................782 ............................ .......................... ..........5.125 ..........5.140 MN..... .............59,792 ...........384,375 05/03/2005. 05/05/2015.<br />
21987B AK 4 CORPORACION NACIONAL DEL COBRE........................................ ....... .. ........... .1FE ............9,347,960 ........83.609 ............7,942,855 ............9,500,000 ............9,354,886 .......................... ...............2,253 ............................ .......................... ..........5.625 ..........5.737 MS..... ...........148,438 ...........534,375 09/22/2005. 09/21/2035.<br />
21987B AL 2 CORPORACION NACIONAL DEL COBRE........................................ ....... .. ........... .1FE ..........11,915,520 ........87.585 ..........10,510,200 ..........12,000,000 ..........11,917,816 .......................... ...............1,090 ............................ .......................... ..........6.150 ..........6.202 AO...... ...........137,350 ...........738,000 10/19/2006. 10/24/2036.<br />
22004* AB 6 CORPORATE TRINITY CO (CARGILL-............................................. ....... .. ........... ......1 ...............355,887 ......111.172 ...............395,281 ...............355,558 ...............355,673 .......................... ...................(25) ............................ .......................... ..........8.710 ..........8.710 MON.. ...............2,581 .............30,969 08/27/1992. 08/31/2012.<br />
22112A AA 4 COSAN FIN LTD SR 144A NT............................................................ LS... .. ........... .3FE ............4,433,050 ........66.000 ............2,970,000 ............4,500,000 ............4,442,534 .......................... ...............5,081 ............................ .......................... ..........7.000 ..........7.211 FA...... ...........131,250 ...........315,000 01/19/2007. 02/01/2017.<br />
222372 AJ 3 COUNTRYWIDE FINANCIAL CORP SB............................................ ....... .. ........... .1FE ............2,813,722 ........94.951 ............2,658,628 ............2,800,000 ............2,811,420 .......................... ..............(1,205) ............................ .......................... ..........6.250 ..........6.180 MN..... .............22,361 ...........175,000 11/15/2006. 05/15/2016.<br />
22237L HE 5 COUNTRYWIDE HOME LOAN MTN.................................................. LS... .. ........... .1FE ..........14,460,850 ......100.021 ..........15,003,150 ..........15,000,000 ..........14,976,126 .......................... .............77,497 ............................ .......................... ..........6.250 ..........6.814 AO...... ...........197,917 ...........937,500 03/05/2002. 04/15/2009.<br />
22281N A* 4 COVANTA ENERGY CORP TRNCH B TE......................................... ....... .. .......23 ......3 ............3,319,209 ........83.500 ............2,755,715 ............3,300,258 ............3,314,670 .......................... ..............(2,661) ............................ .......................... ..........4.312 ..........6.547 MON.. .............52,344 ...........153,971 02/15/2007. 02/09/2014.<br />
22281N A@ 2 COVANTA ENERGY CORP TRNCH LC............................................ ....... .. .......23 ......3 ............1,658,969 ........83.500 ............1,377,320 ............1,649,485 ............1,656,641 .......................... ..............(1,383) ............................ .......................... ..........2.683 ..........6.547 MON.. ...............3,749 ...........110,423 02/15/2007. 02/09/2014.<br />
222862 AD 6 COVENTRY HEALTH CARE INC SR NT........................................... ....... .. ........... .2FE ...............300,000 ........73.433 ...............220,299 ...............300,000 ...............300,000 .......................... .......................... ............................ .......................... ..........5.875 ..........5.875 JJ....... ...............8,127 .............17,625 01/21/2005. 01/15/2012.<br />
22303Q AE 0 COVIDIEN INTL FIN SA GTD NT....................................................... ....... .. ........... .1FE .................39,192 ........99.717 .................39,887 .................40,000 .................39,212 .......................... ....................21 ............................ .......................... ..........5.150 ..........6.325 AO...... ..................435 .......................... 12/09/2008. 10/15/2010.<br />
22303Q AF 7 COVIDIEN INTL FIN SA SR NT.......................................................... ....... .. ........... .1FE ............2,645,084 ........97.837 ............2,543,762 ............2,600,000 ............2,639,309 .......................... ..............(5,775) ............................ .......................... ..........5.450 ..........5.006 AO...... .............29,914 .............70,850 05/13/2008. 10/15/2012.<br />
22303Q AG 5 COVIDIEN INTL FIN SA SR NT.......................................................... ....... .. ........... .1FE ..........44,149,059 ........98.651 ..........42,691,220 ..........43,275,000 ..........44,110,211 .......................... ............(38,849) ............................ .......................... ..........6.000 ..........5.664 AO...... ...........548,150 ........1,735,795 09/04/2008. 10/15/2017.<br />
22303Q AH 3 COVIDIEN INTL FIN SA SR NT.......................................................... ....... .. ........... .1FE ..........17,027,340 ......101.459 ..........17,283,541 ..........17,035,000 ..........17,027,354 .......................... ....................14 ............................ .......................... ..........6.550 ..........6.553 AO...... ...........235,556 ...........557,071 12/08/2008. 10/15/2037.<br />
224044 BH 9 COX COMMUNICATIONS INC BDS.................................................. ....... .. .........1 .2FE ............3,056,940 ........89.184 ............2,675,520 ............3,000,000 ............3,037,241 .......................... ..............(4,484) ............................ .......................... ..........5.500 ..........5.280 AO...... .............41,250 ...........165,000 01/28/2004. 10/01/2015.<br />
22404Q AF 5 COX COMMUNICATIONS INC MTN.................................................. ....... .. .........1 .2FE ............7,973,871 ........93.800 ............6,777,050 ............7,225,000 ............7,771,255 .......................... ............(44,926) ............................ .......................... ..........6.850 ..........5.766 JJ....... ...........228,210 ...........494,913 12/08/2003. 01/15/2018.<br />
224044 AS 6 COX COMMUNICATIONS INC NOTES............................................. ....... .. ........... .2FE ............1,919,560 ........98.299 ............1,965,980 ............2,000,000 ............1,992,435 .......................... .............11,314 ............................ .......................... ..........7.875 ..........8.513 FA...... .............59,500 ...........157,500 05/22/2000. 08/15/2009.<br />
224044 BE 6 COX COMMUNICATIONS INC NT..................................................... ....... .. ........... .2FE ............2,189,200 ........95.702 ............1,914,040 ............2,000,000 ............2,096,842 .......................... ............(22,554) ............................ .......................... ..........7.125 ..........5.673 AO...... .............35,625 ...........142,500 06/23/2004. 10/01/2012.<br />
224050 AL 8 COX ENTERPRISES 144A NT........................................................... ....... .. ........... .2FE ..........11,852,569 ........98.275 ..........11,793,000 ..........12,000,000 ..........11,965,348 .......................... .............18,215 ............................ .......................... ..........7.875 ..........8.057 MS..... ...........278,250 ...........945,000 10/26/2000. 09/15/2010.<br />
C1466# AA 6 CPR LEASG (CANADIAN PACIFIC R)............................................... ....... I. ........... ......2 ............7,217,952 ........71.524 ............5,162,568 ............7,217,952 ............7,217,952 .......................... .......................... ............................ .......................... ..........5.410 ..........5.410 MS..... ...........127,994 ...........390,491 03/03/2004. 03/03/2024.<br />
126168 AB 9 CRA FINANCE USA LTD NTS............................................................ ....... .. ........... .2FE ..........12,016,232 ......112.457 ..........13,494,840 ..........12,000,000 ..........12,006,841 .......................... ..............(1,132) ............................ .......................... ..........7.125 ..........7.166 JD...... .............71,250 ...........855,000 05/01/1998. 12/01/2013.<br />
22541L AQ 6 CREDIT SUISSE FB USA INC NTS................................................... ....... .. ........... .1FE ............4,997,550 ........99.367 ............4,968,350 ............5,000,000 ............4,999,501 .......................... ..................460 ............................ .......................... ..........4.125 ..........4.136 JJ....... .............95,104 ...........206,250 12/08/2004. 01/15/2010.<br />
22541L AL 7 CREDIT SUISSE FB USA INC SR NT................................................ ....... .. ........... .1FE ............1,992,620 ........99.988 ............1,999,760 ............2,000,000 ............1,999,929 .......................... ...............1,673 ............................ .......................... ..........3.875 ..........3.960 JJ....... .............35,736 .............77,500 04/16/2004. 01/15/2009.<br />
22541L AB 9 CREDIT SUISSE FIRST BOSTON USA............................................. ....... .. ........... .1FE ............4,956,025 ......101.004 ............5,050,200 ............5,000,000 ............4,984,413 .......................... ...............4,800 ............................ .......................... ..........6.125 ..........6.244 MN..... .............39,132 ...........306,250 11/26/2001. 11/15/2011.<br />
22541L AC 7 CREDIT SUISSE FIRST BOSTON USA............................................. ....... .. ........... .1FE ............5,043,905 ......102.281 ............5,114,050 ............5,000,000 ............5,017,116 .......................... ..............(4,950) ............................ .......................... ..........6.500 ..........6.373 JJ....... ...........149,861 ...........325,000 02/13/2002. 01/15/2012.
E10.41<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
225434 AF 6 CREDIT SUISSE USA INC NT............................................................ ....... .. ........... .1FE ...............996,880 ........98.318 ...............983,180 ............1,000,000 ...............998,543 .......................... ..................617 ............................ .......................... ..........5.250 ..........5.322 MS..... .............17,354 .............52,500 02/27/2006. 03/02/2011.<br />
225434 AG 4 CREDIT SUISSE USA INC NT............................................................ LS... .. ........... .1FE ..........14,869,800 ........92.089 ..........13,813,350 ..........15,000,000 ..........14,899,781 .......................... .............11,131 ............................ .......................... ..........5.375 ..........5.489 MS..... ...........266,510 ...........806,250 02/27/2006. 03/02/2016.<br />
12626P AD 5 CRH AMERICA INC GLBL NT............................................................ ....... .. .........1 .2FE ..........36,416,860 ........80.489 ..........28,171,150 ..........35,000,000 ..........35,684,945 .......................... ..........(189,824) ............................ .......................... ..........6.950 ..........6.262 MS..... ...........716,236 ........2,432,500 03/13/2006. 03/15/2012.<br />
12626# AG 0 CRH AMERICA INC GTD SER B SR N.............................................. ....... .. ........... ......2 ..........12,119,510 ........98.059 ..........11,767,080 ..........12,000,000 ..........12,061,082 .......................... ............(19,966) ............................ .......................... ..........7.900 ..........7.722 MS..... ...........260,700 ...........948,000 09/25/2006. 09/22/2011.<br />
12626# AJ 4 CRH AMERICA INC GTD SER D SR N.............................................. ....... .. ........... ......2 ............9,986,000 ........94.958 ............9,495,800 ..........10,000,000 ............9,992,656 .......................... ..................974 ............................ .......................... ..........8.060 ..........8.060 MS..... ...........221,650 ...........806,000 09/22/1999. 09/22/2014.<br />
22822* AB 6 CROWN CCR HLDGS GP SER B SR GT.......................................... ....... .. ........... ......2 ..........24,918,000 ........99.391 ..........24,847,750 ..........25,000,000 ..........24,918,000 .......................... .......................... ............................ .......................... ..........7.580 ..........7.580 FA...... ...........731,681 .......................... 08/12/2008. 08/12/2018.<br />
126304 AK 0 CSC HOLDINGS INC SR DB.............................................................. ....... .. ........... .3FE ...............977,563 ........78.000 ...............780,000 ............1,000,000 ...............981,540 .......................... ...............1,257 ............................ .......................... ..........7.625 ..........7.904 JJ....... .............35,160 .............76,250 08/09/2005. 07/15/2018.<br />
G3158N AP 1 CSFB INTL LONDON EXIM UKRAINE............................................... ....... F ........... .4FE ............5,895,000 ........45.289 ............2,717,340 ............6,000,000 ............5,934,078 .......................... .............14,792 ............................ .......................... ..........6.800 ..........7.137 AO...... .............98,600 ...........408,000 03/03/2006. 10/04/2012.<br />
12638V AC 0 CSN ISLANDS VI CORP SER 2004-1................................................ ....... .. ........... .2FE ..........10,182,106 ........93.513 ............9,521,592 ..........10,182,106 ..........10,182,106 .......................... .......................... ............................ .......................... ..........7.427 ..........7.427 FMAN. ...........121,836 ...........752,024 06/02/2004. 05/03/2012.<br />
12641L BU 6 CSX CORP.......................................................................................... ....... .. .........1 .2FE ............7,645,215 ........88.408 ............7,072,640 ............8,000,000 ............7,687,584 .......................... ...............6,925 ............................ .......................... ..........6.800 ..........7.171 JD...... .............45,333 ...........544,000 08/21/2001. 12/01/2028.<br />
126408 AQ 6 CSX CORP NT.................................................................................... ....... .. ........... .2FE ............2,166,435 ......105.414 ............2,371,815 ............2,250,000 ............2,183,024 .......................... ...............2,517 ............................ .......................... ..........8.100 ..........8.471 MS..... .............53,663 ...........182,250 04/27/2000. 09/15/2022.<br />
126408 GL 1 CSX CORP NT.................................................................................... ....... .. ........... .2FE ............6,981,870 ........93.962 ............6,577,340 ............7,000,000 ............6,985,679 .......................... ...............2,925 ............................ .......................... ..........5.750 ..........5.805 MS..... ...........118,514 ...........411,444 09/04/2007. 03/15/2013.<br />
126408 AP 8 CSX CORP SR NT.............................................................................. ....... .. ........... .2FE ............3,552,030 ........99.606 ............3,486,210 ............3,500,000 ............3,515,243 .......................... ..............(6,237) ............................ .......................... ..........6.750 ..........6.533 MS..... .............69,563 ...........236,250 11/05/2001. 03/15/2011.<br />
126410 LK 3 CSX TRANSPORTATION INC NT...................................................... ....... .. ........... .2FE ............1,341,919 ......113.352 ............1,428,235 ............1,260,000 ............1,329,261 .......................... ..............(3,357) ............................ .......................... ..........9.750 ..........8.975 JD...... ...............5,460 ...........122,850 08/27/2004. 06/15/2020.<br />
126650 AU 4 CVS CAREMARK CORP SR NT........................................................ ....... .. ........... .2FE .................39,840 ........98.787 .................39,515 .................40,000 .................39,847 .......................... ......................7 ............................ .......................... ..........4.000 ..........4.545 MS..... ..................471 .......................... 12/15/2008. 09/15/2009.<br />
126650 BH 2 CVS CAREMARK CORP SR NT........................................................ ....... .. ........... .2FE .................21,658 ........94.147 .................23,537 .................25,000 .................21,749 .......................... ....................78 ............................ .......................... ..........5.750 ..........7.846 JD...... ..................120 ...............1,006 10/17/2008. 06/01/2017.<br />
126650 AV 2 CVS CORP NT.................................................................................... ....... .. ........... .2FE ...................8,731 ........92.230 ...................8,301 ...................9,000 ...................8,770 .......................... ....................32 ............................ .......................... ..........4.875 ..........5.397 MS..... ..................129 ..................439 03/10/2008. 09/15/2014.<br />
126650 BE 9 CVS CORP SR NT.............................................................................. ....... .. ........... .2FE ..........10,957,760 ........96.883 ..........10,657,130 ..........11,000,000 ..........10,965,601 .......................... ...............3,440 ............................ .......................... ..........6.125 ..........6.177 FA...... ...........254,528 ...........673,750 08/10/2006. 08/15/2016.<br />
126650 AN 0 CVS CORP 144A PSTHR CTF........................................................... ....... .. ........... .2FE ............8,189,203 ........77.530 ............6,029,493 ............7,776,981 ............8,057,156 .......................... ............(24,230) ............................ .......................... ..........6.204 ..........5.687 MON.. .............28,145 ...........482,483 10/08/2003. 10/10/2025.<br />
126650 AQ 3 CVS CORP 144A PSTHR CTF........................................................... ....... .. ........... .2FE ..........12,587,203 ........76.118 ............9,451,880 ..........12,417,405 ..........12,536,106 .......................... ............(10,125) ............................ .......................... ..........5.789 ..........5.653 MON.. .............41,933 ...........718,844 02/25/2004. 01/10/2026.<br />
126650 BF 6 CVS CORP 144A PSTHR CTF........................................................... ....... .. ........... .2FE ..........11,798,623 ........60.823 ............7,192,832 ..........11,825,842 ..........11,800,629 .......................... ...............1,601 ............................ .......................... ..........6.036 ..........6.063 MON.. .............41,639 ...........713,808 05/31/2007. 12/10/2028.<br />
126650 AL 4 CVS CORP 144A PSTHR CTFS......................................................... ....... .. .........2 .2FE ............3,336,266 ........94.457 ............3,151,336 ............3,336,266 ............3,336,266 .......................... .......................... ............................ .......................... ..........6.117 ..........6.117 MON.. .............11,905 ...........204,079 12/03/2002. 01/10/2013.<br />
23331A AY 5 D R HORTON INC NT......................................................................... LS... .. ........... .3FE ............9,974,100 ........86.000 ............8,600,000 ..........10,000,000 ............9,987,155 .......................... ...............5,077 ............................ .......................... ..........6.000 ..........6.061 AO...... ...........126,667 ...........600,000 04/11/2006. 04/15/2011.<br />
23331A AZ 2 D R HORTON INC NT......................................................................... ....... .. ........... .3FE ............4,989,850 ........63.000 ............3,150,000 ............5,000,000 ............4,991,988 .......................... ..................834 ............................ .......................... ..........6.500 ..........6.528 AO...... .............68,611 ...........325,000 04/11/2006. 04/15/2016.<br />
23331A AQ 2 D R HORTON INC SR NT................................................................... ....... .. .........1 .3FE ............8,662,480 ........76.000 ............6,840,000 ............9,000,000 ............8,773,999 .......................... .............41,921 ............................ .......................... ..........5.875 ..........6.526 JJ....... ...........264,375 ...........528,750 03/01/2006. 07/01/2013.<br />
23331A AW 9 D R HORTON INC SR NT................................................................... ....... .. ........... .3FE ............6,923,950 ........63.000 ............4,725,000 ............7,500,000 ............7,083,097 .......................... .............54,135 ............................ .......................... ..........5.250 ..........6.358 FA...... ...........148,750 ...........393,750 11/07/2005. 02/15/2015.<br />
23331A AP 4 D. R. HORTON INC SR NT................................................................. ....... .. ........... .3FE ............3,126,088 ........81.000 ............2,535,300 ............3,130,000 ............3,127,812 .......................... ..................420 ............................ .......................... ..........6.875 ..........6.893 MN..... .............35,865 ...........215,188 05/11/2004. 05/01/2013.<br />
233835 AA 5 DAIMLER CHRYSLER NA HLDG CORP........................................... ....... .. ........... .1FE ............5,289,881 ........97.023 ............5,336,265 ............5,500,000 ............5,478,292 .......................... .............30,407 ............................ .......................... ..........7.200 ..........7.816 MS..... ...........132,000 ...........396,000 05/10/2000. 09/01/2009.<br />
G2624@ AA 1 DAIRY CREST GROUP PLC SER A GT............................................ ....... F ........... ......2 ..........10,000,000 ........89.906 ............8,990,600 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.730 ..........5.730 AO...... ...........138,475 ...........573,000 04/04/2006. 04/04/2013.<br />
G2624@ AB 9 DAIRY CREST GROUP PLC SER B GT............................................ ....... F ........... ......2 ............8,000,000 ........91.510 ............7,320,800 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........5.830 ..........5.830 AO...... ...........112,713 ...........466,400 04/04/2006. 04/04/2016.<br />
G2624@ AD 5 DAIRY CREST GRP PLC SER A SR E.............................................. ....... D ........... ......2 ..........32,391,298 ........88.750 ..........28,251,366 ..........31,832,525 ..........32,391,298 .......................... .....................(1) ............................ .......(1,282,201) ..........4.735 ..........4.735 AO...... ...........359,423 ........1,606,302 04/04/2007. 04/04/2014.<br />
EUR COST = 22,900,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 22,900,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
23406# AA 6 DAK AMERICAS (GRUPO PETROTEMEX........................................ ....... .. ........... ......3 ............7,714,286 ........86.733 ............6,690,831 ............7,714,286 ............7,714,286 .......................... .......................... ............................ .......................... ..........6.850 ..........6.850 JD...... .............11,743 ...........528,429 06/23/2004. 06/23/2014.<br />
237194 AD 7 DARDEN RESTAURANTS INC NT.................................................... ....... .. .........3 .2FE ............2,237,683 ........93.473 ............2,149,879 ............2,300,000 ............2,268,781 .......................... .............37,682 ............................ .......................... ..........4.875 ..........4.922 FA...... .............42,358 ...........112,125 08/09/2005. 08/15/2010.<br />
239753 BH 8 DAYTON HUDSON CO DB................................................................. ....... .. ........... .1FE ............2,303,120 ......110.855 ............2,217,100 ............2,000,000 ............2,078,627 .......................... ............(26,143) ............................ .......................... ..........9.250 ..........7.571 FA...... .............69,889 ...........185,000 05/01/1998. 08/15/2011.<br />
239753 BU 9 DAYTON HUDSON CO SER E MTN.................................................. ....... .. ........... .1FE ..........10,576,320 ......118.644 ............9,491,520 ............8,000,000 ............9,927,536 .......................... ..........(111,485) ............................ .......................... ..........9.350 ..........6.358 JD...... .............33,244 ...........748,000 01/10/2002. 06/16/2020.<br />
Q3126# AD 3 DB RREEF FIN PTY LTD SER D GTD............................................... ....... F ........... ......2 ..........10,000,000 ........72.571 ............7,257,100 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.440 ..........5.440 JD...... .............15,111 ...........544,000 12/21/2004. 12/21/2014.<br />
Q3126# AE 1 DB RREEF FIN PTY LTD SER E GTD............................................... ....... F ........... .2FE ............9,000,000 ........71.645 ............6,448,050 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........5.490 ..........5.490 MS..... ...........126,270 ...........494,100 03/29/2005. 03/29/2015.<br />
23307# AC 2 DB RREEF INDL PROP INC SER C G............................................... ....... .. ........... ......2 ..........10,000,000 ........71.320 ............7,132,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.670 ..........5.670 FA...... ...........225,225 ...........567,000 02/08/2006. 02/08/2016.<br />
23307# AB 4 DB RREEF INDL PROPS SER B SR G.............................................. ....... .. ........... ......2 ..........14,000,000 ........80.516 ..........11,272,240 ..........14,000,000 ..........14,000,000 .......................... .......................... ............................ .......................... ..........5.530 ..........5.530 FA...... ...........307,529 ...........774,200 02/08/2006. 02/08/2013.<br />
23307* AC 6 DC ARENA LP GTD SR SEC NT........................................................ ....... .. ........... ......2 ..........10,000,000 ........83.489 ............8,348,900 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.560 ..........6.560 MN..... .............56,489 ...........656,000 05/31/2007. 11/30/2023.<br />
G2613@ AA 4 DCC CORP SERVICES LTD SER A SR............................................ ....... F ........... ......2 ..........24,000,000 ........85.559 ..........20,534,160 ..........24,000,000 ..........24,000,000 .......................... .......................... ............................ .......................... ..........5.120 ..........5.120 AO...... ...........307,200 ........1,228,800 04/19/2004. 04/19/2014.<br />
G2614# AB 9 DCC FUNDING 2007 LTD NV SER B................................................. ....... F ........... ......2 ..........28,000,000 ........92.572 ..........25,920,160 ..........28,000,000 ..........28,000,000 .......................... .......................... ............................ .......................... ..........6.190 ..........6.190 JJ....... ...........818,456 ........1,733,200 07/11/2007. 07/11/2019.<br />
23311R AA 4 DCP MIDSTREAM LLC 144A NT........................................................ ....... .. ........... .2FE ............6,966,120 ........75.471 ............5,282,970 ............7,000,000 ............6,966,594 .......................... ..................372 ............................ .......................... ..........6.750 ..........6.788 MS..... ...........139,125 ...........469,875 09/12/2007. 09/15/2037.<br />
24240V AE 1 DEAN WITTER DISCOVER & CO DB................................................ ....... .. ........... .1FE ............3,861,440 ........82.639 ............3,305,560 ............4,000,000 ............3,944,394 .......................... ...............9,440 ............................ .......................... ..........6.750 ..........7.096 AO...... .............57,000 ...........270,000 02/20/1996. 10/15/2013.<br />
24240V AM 3 DEAN WITTER DISCOVER & CO DB................................................ ....... .. ........... .1FE ............9,257,100 ........93.304 ............9,330,400 ..........10,000,000 ............9,609,945 .......................... .............41,081 ............................ .......................... ..........6.750 ..........7.474 JJ....... ...........337,500 ...........675,000 03/26/1996. 01/01/2016.<br />
24422E PX 1 DEERE (JOHN) CAPITAL NTS........................................................... ....... .. ........... .1FE ............4,987,200 ......100.929 ............5,046,450 ............5,000,000 ............4,995,022 .......................... ...............2,595 ............................ .......................... ..........4.875 ..........4.934 AO...... .............51,458 ...........243,750 10/20/2005. 10/15/2010.<br />
244199 AY 1 DEERE & CO DB................................................................................. ....... .. ........... .1FE ..........11,992,600 ......104.434 ..........12,307,547 ..........11,785,000 ..........11,830,063 .......................... ............(30,880) ............................ .......................... ..........7.850 ..........7.549 MN..... ...........118,210 ...........925,123 12/28/2001. 05/15/2010.<br />
244199 BA 2 DEERE & CO DBS.............................................................................. ....... .. ........... .1FE ............5,223,391 ......108.761 ............6,063,426 ............5,575,000 ............5,247,062 .......................... ...............3,877 ............................ .......................... ..........7.125 ..........7.020 MS..... ...........130,199 ...........397,219 09/24/2002. 03/03/2031.<br />
244199 BB 0 DEERE & CO NT................................................................................. ....... .. ........... .1FE ..........38,191,507 ......106.022 ..........39,917,283 ..........37,650,000 ..........37,943,373 .......................... ............(45,071) ............................ .......................... ..........6.950 ..........6.771 AO...... ...........479,724 ........2,616,675 07/17/2002. 04/25/2014.<br />
244217 BK 0 DEERE JOHN CAP CORP BD........................................................... ....... .. ........... .1FE ..........54,897,202 ........98.386 ..........53,817,142 ..........54,700,000 ..........54,797,653 .......................... ............(21,430) ............................ .......................... ..........5.100 ..........5.050 JJ....... ........1,286,362 ........2,789,700 11/18/2003. 01/15/2013.<br />
244217 BC 8 DEERE JOHN CAPITAL CORP NT.................................................... ....... .. ........... .1FE ............4,797,300 ......100.357 ............5,017,850 ............5,000,000 ............4,995,428 .......................... .............35,244 ............................ .......................... ..........6.000 ..........6.745 FA...... ...........113,333 ...........300,000 03/26/2002. 02/15/2009.
E10.42<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
244217 BG 9 DEERE JOHN CAPITAL CORP NT.................................................... ....... .. ........... .1FE ..........30,151,755 ......103.713 ..........29,537,462 ..........28,480,000 ..........29,154,767 .......................... ..........(188,357) ............................ .......................... ..........7.000 ..........6.166 MS..... ...........587,004 ........1,993,600 11/01/2006. 03/15/2012.<br />
246688 AE 5 DELHAIZE AMERICA INC GLBL NT.................................................. ....... .. ........... .2FE ............7,746,490 ......103.516 ............7,246,120 ............7,000,000 ............7,265,358 .......................... ..........(104,477) ............................ .......................... ..........8.125 ..........6.316 AO...... ...........120,069 ...........568,750 05/06/2004. 04/15/2011.<br />
246688 AF 2 DELHAIZE AMERICA INC NT............................................................. ....... .. ........... .2FE ..........10,321,726 ......101.132 ............9,225,261 ............9,122,000 ..........10,217,306 .......................... ............(17,784) ............................ .......................... ..........9.000 ..........7.849 AO...... ...........173,318 ...........819,990 11/14/2008. 04/15/2031.<br />
24668P AB 3 DELHAIZE GROUP SA SR NT........................................................... ....... .. ........... .2FE ...................4,549 ........90.799 ...................4,540 ...................5,000 ...................4,550 .......................... ......................1 ............................ .......................... ..........6.500 ..........7.983 JD...... ....................14 .......................... 12/17/2008. 06/15/2017.<br />
24713# AH 7 DELOITTE & TOUCHE LLP GTD SER............................................... ....... .. ........... ......1 ..........27,756,750 ........99.810 ..........24,952,500 ..........25,000,000 ..........27,509,686 .......................... ..........(151,910) ............................ .......................... ..........7.890 ..........6.591 AO...... ...........405,458 ........1,972,500 04/10/2007. 04/17/2025.<br />
24713# AC 8 DELOITTE & TOUCHE LLP SER B GT.............................................. ....... .. ........... ......1 ............2,891,225 ......104.616 ............3,001,597 ............2,869,157 ............2,872,176 .......................... ..............(2,041) ............................ .......................... ..........7.410 ..........7.344 AO...... .............53,151 ...........212,605 01/30/2006. 10/01/2011.<br />
24713# AD 6 DELOITTE & TOUCHE SER C SR GTD............................................. ....... .. ........... ......1 ............7,106,330 ......106.124 ............7,428,680 ............7,000,000 ............7,044,231 .......................... ............(14,015) ............................ .......................... ..........7.600 ..........7.340 AO...... ...........133,000 ...........532,000 10/23/2003. 10/01/2011.<br />
24713@ AD 8 DELOITTE & TOUCHE USA LLP GTD............................................... ....... .. ........... ......1 ............7,500,000 ........98.459 ............7,384,425 ............7,500,000 ............7,500,000 .......................... .......................... ............................ .......................... ..........6.990 ..........6.990 MN..... .............59,706 ...........524,250 11/20/2001. 11/20/2021.<br />
24713@ AA 4 DELOITTE & TOUCHE USA LLP SER............................................... ....... .. ........... ......1 ..........10,137,600 ......102.701 ..........10,270,100 ..........10,000,000 ..........10,091,425 .......................... ............(28,239) ............................ .......................... ..........6.240 ..........5.890 MN..... .............71,067 ...........624,000 04/05/2007. 11/20/2011.<br />
24713@ AC 0 DELOITTE & TOUCHE USA LLP SER............................................... ....... .. ........... ......1 ............1,025,830 ......100.942 ............1,009,420 ............1,000,000 ............1,019,643 .......................... ..............(1,874) ............................ .......................... ..........6.590 ..........6.270 MN..... ...............7,505 .............65,900 05/02/2005. 11/20/2016.<br />
24713@ AE 6 DELOITTE & TOUCHE USA LLP SER............................................... ....... .. ........... ......1 ..........18,095,825 ......100.181 ..........17,531,675 ..........17,500,000 ..........18,047,861 .......................... ............(15,158) ............................ .......................... ..........7.330 ..........7.018 MN..... ...........146,091 ........1,282,750 10/06/2005. 11/20/2026.<br />
251529 AF 0 DEUTSCHE BANK FINANCIAL SUB.................................................. LS... .. ........... .1FE ............8,068,160 ......100.245 ............8,019,600 ............8,000,000 ............8,002,697 .......................... ..............(8,050) ............................ .......................... ..........7.500 ..........7.391 AO...... ...........110,000 ...........600,000 05/01/1997. 04/25/2009.<br />
25152C MN 3 DEUTSCHE BK AG LONDON SR NT................................................ ....... .. ........... .1FE ............5,271,821 ......106.105 ............5,835,775 ............5,500,000 ............5,294,394 .......................... .............17,005 ............................ .......................... ..........6.000 ..........6.032 MS..... ...........110,000 ...........331,833 10/10/2007. 09/01/2017.<br />
2515E0 AA 7 DEUTSCHE BK FINL LLC NT............................................................. LS... .. ........... .1FE ............4,765,748 ........90.209 ............4,330,032 ............4,800,000 ............4,779,599 .......................... ...............2,711 ............................ .......................... ..........5.375 ..........5.457 FA...... .............93,167 ...........258,000 02/19/2003. 03/02/2015.<br />
251526 E# 2 DEUTSCHE BK NY(CENTRICA) FLTG.............................................. ....... .. .........3 ......1 ..........65,000,000 ........98.739 ..........64,180,350 ..........65,000,000 ..........65,000,000 .......................... .......................... ............................ .......................... ..........6.261 ..........6.262 AO...... ...........793,429 ........3,185,664 10/04/2006. 10/04/2026.<br />
D1769@ AA 1 DEUTSCHE BORSE AG SER A SR NT............................................. ....... F ........... ......1 ..........20,000,000 ........89.982 ..........17,996,400 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.520 ..........5.520 JD...... .............58,267 ...........552,000 06/12/2008. 06/12/2015.<br />
D1769@ AB 9 DEUTSCHE BORSE AG SER B SR NT............................................. ....... F ........... ......1 ..........30,000,000 ........86.807 ..........26,042,100 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........5.860 ..........5.860 JD...... .............92,783 ...........879,000 06/12/2008. 06/12/2018.<br />
25156P AF 0 DEUTSCHE TELEKOM INTL FIN BV G............................................. ....... .. ........... .2FE ..........52,740,490 ........96.679 ..........50,273,080 ..........52,000,000 ..........52,417,977 .......................... ............(80,511) ............................ .......................... ..........5.250 ..........5.049 JJ....... ........1,205,750 ........2,730,000 10/25/2004. 07/22/2013.<br />
25156P AB 9 DEUTSCHE TELEKOM INTL FINANCE............................................. ....... .. .........3 .2FE ..........42,674,264 ......103.007 ..........43,803,727 ..........42,525,000 ..........42,551,030 .......................... ............(16,518) ............................ .......................... ..........8.000 ..........8.193 JD...... ...........151,200 ........3,507,313 10/27/2008. 06/15/2010.<br />
25156P AC 7 DEUTSCHE TELEKOM INTL FINANCE............................................. ....... .. .........3 .2FE ..........38,403,904 ......123.314 ..........46,267,413 ..........37,520,000 ..........38,326,548 .......................... ............(13,868) ............................ .......................... ..........8.250 ..........8.040 JD...... ...........137,573 ........3,187,938 12/10/2008. 06/15/2030.<br />
D3917# AC 2 DEUTZ AG SER C SR NT................................................................... ....... F ........... ......2 ..........17,000,000 ........93.529 ..........15,899,930 ..........17,000,000 ..........17,000,000 .......................... .......................... ............................ .......................... ..........5.980 ..........5.980 JJ....... ...........465,942 ........1,016,600 07/16/2007. 07/16/2014.<br />
D3917# AE 8 DEUTZ AG SER E SR NT................................................................... ....... F ........... ......2 ..........18,000,000 ........87.822 ..........15,807,960 ..........18,000,000 ..........18,000,000 .......................... .......................... ............................ .......................... ..........6.120 ..........6.120 JJ....... ...........504,900 ........1,101,600 07/16/2007. 07/16/2017.<br />
251591 AG 8 DEVELOPERS DIVERSIFIED REALTY............................................. ....... .. ........... .2FE ............4,946,360 ........70.447 ............3,522,350 ............5,000,000 ............4,981,756 .......................... .............10,806 ............................ .......................... ..........4.625 ..........4.866 FA...... .............96,354 ...........231,250 07/06/2005. 08/01/2010.<br />
251591 AM 5 DEVELOPERS DIVERSIFIED REALTY............................................. ....... .. ........... .2FE ............7,400,345 ........42.007 ............3,150,525 ............7,500,000 ............7,418,606 .......................... .............10,097 ............................ .......................... ..........5.500 ..........5.702 MN..... .............68,750 ...........412,500 08/02/2006. 05/01/2015.<br />
251591 AK 9 DEVELOPERS DIVERSIFIED RELTY C............................................ ....... .. ........... .2FE ..........15,540,525 ........52.807 ............8,185,085 ..........15,500,000 ..........15,517,722 .......................... ..............(7,123) ............................ .......................... ..........5.250 ..........5.196 AO...... ...........171,792 ...........813,750 07/27/2005. 04/15/2011.<br />
251591 AL 7 DEVELOPERS DIVERSIFIED RELTY C............................................ ....... .. ........... .2FE ............1,500,810 ........72.453 ............1,086,795 ............1,500,000 ............1,500,248 .......................... .................(175) ............................ .......................... ..........5.000 ..........4.985 MN..... .............12,083 .............75,000 07/27/2005. 05/03/2010.<br />
251594 AA 5 DEVELOPMENT BK SINGAPORE LTD 1.......................................... ....... .. ........... .1FE ..........14,424,195 ......101.795 ..........13,487,838 ..........13,250,000 ..........13,371,450 .......................... ..........(189,036) ............................ .......................... ..........7.875 ..........6.317 FA...... ...........408,680 ........1,043,438 05/29/2002. 08/10/2009.<br />
25179S AC 4 DEVON ENERGY CORP BD.............................................................. ....... .. ........... .2FE ..........50,773,270 ......100.916 ..........50,458,000 ..........50,000,000 ..........50,298,156 .......................... ............(99,057) ............................ .......................... ..........6.875 ..........6.629 MS..... ...........868,924 ........3,437,500 08/12/2003. 09/30/2011.<br />
25179S AD 2 DEVON ENERGY CORP DB.............................................................. ....... .. ........... .2FE ............4,989,000 ......110.110 ............5,505,500 ............5,000,000 ............4,989,899 .......................... ..................156 ............................ .......................... ..........7.875 ..........7.894 MS..... .............99,531 ...........393,750 09/28/2001. 09/30/2031.<br />
252126 AF 4 DEX MEDIA WEST LLC/FIN CO SR S............................................... ....... .. .........1 .4FE ...............505,329 ........23.750 ...............109,488 ...............461,000 ...............476,392 .......................... ..............(6,117) ............................ .......................... ..........9.875 ..........8.403 FA...... .............17,198 .............45,524 11/04/2003. 08/15/2013.<br />
252126 AD 9 DEX MEDIA WEST SR NTS............................................................... LS... .. .........1 .3FE ............1,734,375 ........60.500 ............1,043,625 ............1,725,000 ............1,726,507 .......................... ..............(2,289) ............................ .......................... ..........8.500 ..........8.376 FA...... .............55,392 ...........146,625 03/29/2005. 08/15/2010.<br />
252398 AB 8 DFS FDG CORP 2005B SR SEC NTS............................................... ....... F ........... .2FE ..........18,375,000 ........93.100 ..........17,107,125 ..........18,375,000 ..........18,375,000 .......................... .......................... ............................ .......................... ..........6.369 ..........6.369 MJSD. .............52,013 ........1,170,304 06/17/2005. 06/15/2012.<br />
252398 AC 6 DFS FDG CORP 2005C SR SEC NT.................................................. ....... F ........... .2FE ............5,000,000 ........96.664 ............4,833,200 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.038 ..........6.038 MJSD. .............13,418 ...........301,061 06/17/2005. 06/15/2010.<br />
25244@ AA 9 DHC JP COUNTRY VLG DEV II DEFE.............................................. ....... .. ........... ......1 ............1,120,387 ......119.867 ............1,342,975 ............1,120,387 ............1,120,387 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 MON.. ...............5,284 .............63,414 02/01/2007. 06/01/2014.<br />
25242@ AA 1 DHC JP CTRY VLG ACQ DEFEASANCE.......................................... ....... .. ........... ......1 ............7,206,134 ......128.607 ............9,267,592 ............7,206,134 ............7,206,134 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 MON.. .............33,749 ...........404,985 02/01/2007. 01/01/2031.<br />
25241* AA 4 DHC JP LERAY HSG DEFEASANCE LL........................................... ....... .. ........... ......1 ............2,019,180 ......109.355 ............2,208,074 ............2,019,180 ............2,019,180 .......................... .......................... ............................ .......................... ..........8.630 ..........8.630 MN..... .............22,266 ...........174,255 05/15/2006. 11/15/2010.<br />
25241@ AA 2 DHC JP SHERIDAN EAST DEFEASANC.......................................... ....... .. ........... ......1 ..........12,613,623 ......117.806 ..........14,859,604 ..........12,613,623 ..........12,613,623 .......................... .......................... ............................ .......................... ..........5.900 ..........5.900 MON.. .............62,017 ...........744,204 09/01/2006. 01/01/2013.<br />
25247* AA 8 DHC LNL BEDFORD RET RES DEFEAS.......................................... ....... .. ........... ......1 ............6,911,048 ......124.101 ............8,576,680 ............6,911,048 ............6,911,048 .......................... .......................... ............................ .......................... ..........5.810 ..........5.810 MON.. .............23,423 ...........401,532 02/10/2007. 04/10/2025.<br />
25246@ AA 7 DHC LNL GWINNETT MED DEFEASANC......................................... ....... .. ........... ......1 ............6,110,678 ......118.005 ............7,210,905 ............6,110,678 ............6,110,678 .......................... .......................... ............................ .......................... ..........5.580 ..........5.580 MON.. .............24,626 ...........340,976 02/05/2007. 08/05/2013.<br />
25248# AA 3 DHC LNL KNOXVILLE FOREST RIDGE............................................ ....... .. ........... ......1 ..........18,977,496 ......115.481 ..........21,915,402 ..........18,977,496 ..........18,977,496 .......................... .......................... ............................ .......................... ..........6.800 ..........6.800 MON.. ...........107,539 ........1,290,590 09/01/2007. 01/01/2013.<br />
25247# AA 4 DHC LNL OAKMONT RET RES DEFEAS.......................................... ....... .. ........... ......1 ............4,662,953 ......123.788 ............5,772,176 ............4,662,953 ............4,662,953 .......................... .......................... ............................ .......................... ..........5.640 ..........5.640 MON.. .............15,341 ...........262,991 02/10/2007. 08/10/2026.<br />
28253@ AA 1 DHC LNL QUAIL RIDGE DEFEASANCE........................................... ....... .. ........... ......1 ..........28,935,205 ......112.642 ..........32,217,637 ..........28,601,797 ..........28,744,281 .......................... ............(89,813) ............................ .......................... ..........9.050 ..........8.688 MON.. ...........115,043 ........2,588,462 10/15/2006. 07/15/2010.<br />
25247@ AA 6 DHC LNL ROSEBURG RET RES DEFEA.......................................... ....... .. ........... ......1 ............2,726,146 ......116.108 ............3,165,273 ............2,726,146 ............2,726,146 .......................... .......................... ............................ .......................... ..........5.690 ..........5.690 MON.. ...............9,049 ...........155,118 02/10/2007. 03/10/2016.<br />
25243Y AH 2 DIAGEO CAPITAL PLC GLBL NT...................................................... ....... .. ........... .1FE ............9,913,600 ........93.522 ............9,352,200 ..........10,000,000 ............9,916,146 .......................... ...............1,171 ............................ .......................... ..........5.875 ..........5.938 MS..... ...........148,507 ...........587,500 09/25/2006. 09/30/2036.<br />
25243Y AJ 8 DIAGEO CAPITAL PLC GLBL NT...................................................... ....... .. ........... .1FE ............9,974,100 ........95.851 ............9,585,100 ..........10,000,000 ............9,978,770 .......................... ...............2,142 ............................ .......................... ..........5.500 ..........5.535 MS..... ...........139,028 ...........550,000 09/25/2006. 09/30/2016.<br />
25243Y AK 5 DIAGEO CAPITAL PLC GLBL NT...................................................... ....... .. ........... .1FE ............7,953,600 ........98.216 ............7,857,280 ............8,000,000 ............7,971,650 .......................... ...............8,263 ............................ .......................... ..........5.125 ..........5.251 JJ....... ...........171,972 ...........410,000 09/25/2006. 01/30/2012.<br />
25243E AF 0 DIAGEO CAPITAL PLC MTN.............................................................. ....... .. ........... .1FE ............5,141,700 ........88.399 ............4,419,950 ............5,000,000 ............5,099,492 .......................... ..............(8,326) ............................ .......................... ..........4.850 ..........4.586 MN..... .............30,986 ...........242,500 05/14/2003. 05/15/2018.<br />
25243Y AM 1 DIAGEO CAPITAL PLC NT................................................................. ....... .. ........... .1FE .................21,889 ........96.760 .................22,255 .................23,000 .................21,893 .......................... ......................4 ............................ .......................... ..........5.750 ..........6.466 AO...... ..................250 ..................456 12/12/2008. 10/23/2017.<br />
25243Y AG 4 DIAGEO CAPITAL PLC NTS.............................................................. ....... .. ........... .1FE ..........13,964,320 ........99.053 ..........13,867,420 ..........14,000,000 ..........13,989,663 .......................... ...............7,319 ............................ .......................... ..........4.375 ..........4.432 MN..... .............98,681 ...........612,500 05/13/2005. 05/03/2010.<br />
25244S AC 5 DIAGEO FINANCE BV CO GLBL GTD............................................... ....... .. ........... .1FE ..........24,803,010 ........96.271 ..........24,067,750 ..........25,000,000 ..........24,850,823 .......................... .............17,594 ............................ .......................... ..........5.300 ..........5.406 AO...... ...........231,875 ........1,325,000 03/06/2006. 10/28/2015.<br />
25244S AB 7 DIAGEO FINANCE BV CO GUARNT................................................. ....... F ........... .1FE ............7,149,469 ........96.699 ............7,334,619 ............7,585,000 ............7,388,409 .......................... .............80,359 ............................ .......................... ..........3.875 ..........5.109 AO...... .............73,480 ...........293,919 11/08/2005. 04/01/2011.<br />
25244S AD 3 DIAGEO FINANCE BV GLBL NT........................................................ ....... .. ........... .1FE ............4,993,400 ........99.423 ............4,971,150 ............5,000,000 ............4,995,697 .......................... ..................875 ............................ .......................... ..........5.500 ..........5.523 AO...... .............68,750 ...........275,000 03/27/2006. 04/01/2013.<br />
25271C AG 7 DIAMOND OFFSHORE DRILLING INC............................................. ....... .. .........1 .2FE ............9,975,900 ........93.854 ............9,385,400 ..........10,000,000 ............9,984,918 .......................... ...............2,235 ............................ .......................... ..........5.150 ..........5.181 MS..... ...........171,667 ...........515,000 08/24/2004. 09/01/2014.<br />
252747 AF 7 DIAMOND SHAMROCK INC DB........................................................ ....... .. ........... .2FE ..........14,933,430 ......108.831 ..........14,692,185 ..........13,500,000 ..........14,833,253 .......................... ............(39,265) ............................ .......................... ..........7.650 ..........6.683 JJ....... ...........516,375 ........1,032,750 04/17/2006. 07/01/2026.
E10.43<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
252759 AM 7 DIAMOND STATES TEL CO INC DB................................................. ....... .. ........... .1FE ............8,358,400 ........97.913 ............7,833,040 ............8,000,000 ............8,317,164 .......................... ..............(4,645) ............................ .......................... ..........8.625 ..........8.235 AO...... ...........145,667 ...........690,000 07/13/1994. 10/15/2031.<br />
25459H AB 1 DIRECTTV HOLDINGS FINANCE SR N............................................ ....... .. .........1 .3FE ............1,464,765 ........99.500 ............1,340,265 ............1,347,000 ............1,371,775 .......................... ............(12,353) ............................ .......................... ..........8.375 ..........7.048 MS..... .............33,217 ...........112,811 07/08/2005. 03/15/2013.<br />
25467L A* 7 DISCOVERY COMMUNICATIONS BONDS....................................... ....... .. ........... ......2 ..........29,648,600 ........91.850 ..........27,555,000 ..........30,000,000 ..........29,688,693 .......................... .............34,942 ............................ .......................... ..........6.010 ..........6.196 JD...... ...........150,250 ........1,803,000 10/04/2007. 12/01/2015.<br />
25469# AC 1 DISCOVERY COMMUNICATIONS SER C........................................ ....... .. ........... ......2 ..........10,000,000 ........99.091 ............9,909,100 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........8.370 ..........8.370 MS..... ...........260,400 ...........837,000 02/02/2001. 03/09/2011.<br />
25468P CA 2 DISNEY (WALT) CO MTN SER B....................................................... ....... .. ........... .1FE ............5,443,200 ......106.139 ............5,306,950 ............5,000,000 ............5,262,562 .......................... ............(40,656) ............................ .......................... ..........6.200 ..........5.088 JD...... ...............9,472 ...........310,000 02/04/2004. 06/20/2014.<br />
25468P CB 0 DISNEY (WALT) CO MTN SER B....................................................... ....... .. ........... .1FE ..........14,488,030 ......105.356 ..........15,276,620 ..........14,500,000 ..........14,491,755 .......................... ..................655 ............................ .......................... ..........5.875 ..........5.884 JD...... .............37,861 ...........851,875 07/27/2004. 12/15/2017.<br />
25468P BW 5 DISNEY WALT CO GLBL NT.............................................................. ....... .. ........... .1FE ..........13,771,970 ......117.595 ..........15,287,350 ..........13,000,000 ..........13,717,439 .......................... ............(13,149) ............................ .......................... ..........7.000 ..........6.533 MS..... ...........303,333 ...........910,000 05/13/2004. 03/01/2032.<br />
25468P BX 3 DISNEY WALT CO GLBL NT.............................................................. ....... .. ........... .1FE ............5,443,500 ......106.549 ............5,327,450 ............5,000,000 ............5,206,871 .......................... ............(58,894) ............................ .......................... ..........6.375 ..........4.947 MS..... ...........106,250 ...........318,750 08/23/2004. 03/01/2012.<br />
254687 AW 6 DISNEY WALT CO GLBL NT.............................................................. ....... .. ........... .1FE ............7,922,080 ......100.660 ............8,052,800 ............8,000,000 ............7,922,389 .......................... ..................309 ............................ .......................... ..........4.500 ..........4.722 JD...... ...............9,000 .......................... 12/17/2008. 12/15/2013.<br />
254687 CC 8 DISNEY WALT CO NT........................................................................ ....... .. ........... .1FE ............3,515,700 ......106.098 ............3,713,430 ............3,500,000 ............3,509,072 .......................... ..............(3,266) ............................ .......................... ..........5.700 ..........5.588 JJ....... .............91,992 ...........199,500 11/01/2006. 07/15/2011.<br />
25654# AB 8 DODGER TICKETS LLC 2007-A SR S............................................... ....... .. ........... ......2 ..........15,000,000 ........84.272 ..........12,640,800 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........6.070 ..........6.070 M........ ...........685,404 ...........343,967 11/15/2007. 03/31/2032.<br />
256754 AB 8 DOLLARAMA GROUP LP SR SUB NTS............................................ ....... .. .........1 .4FE ............1,400,275 ........75.000 ............1,050,000 ............1,400,000 ............1,400,020 .......................... .................(101) ............................ .......................... ..........8.875 ..........8.871 FA...... .............46,939 ...........124,250 09/13/2005. 08/15/2012.<br />
257469 AF 3 DOMINION RESOURCES INC NT..................................................... ....... .. ........... .2FE ............2,463,212 ........99.018 ............2,362,569 ............2,386,000 ............2,452,201 .......................... ............(11,011) ............................ .......................... ..........5.700 ..........4.873 MS..... .............39,289 .............68,001 04/18/2008. 09/17/2012.<br />
257867 AG 6 DONNELLEY (RR) & SONS CO DEBS.............................................. ....... .. .........1 .2FE ............6,979,503 ........59.501 ............3,806,279 ............6,397,000 ............6,922,820 .......................... ............(13,140) ............................ .......................... ..........6.625 ..........5.924 AO...... .............89,469 ...........423,801 02/17/2004. 04/15/2029.<br />
257867 AM 3 DONNELLEY (RR) & SONS CO NTS................................................. ....... .. .........1 .2FE ..........43,753,112 ........75.800 ..........33,219,350 ..........43,825,000 ..........43,769,876 .......................... ...............8,396 ............................ .......................... ..........4.950 ..........4.977 AO...... ...........542,334 ........2,169,338 03/31/2005. 04/01/2014.<br />
257867 AT 8 DONNELLEY R R & SONS CO NT..................................................... ....... .. ........... .2FE ............7,959,850 ........71.149 ............5,691,920 ............8,000,000 ............7,965,917 .......................... ...............3,183 ............................ .......................... ..........6.125 ..........5.290 JJ....... ...........225,944 ...........490,000 01/17/2007. 01/15/2017.<br />
233244 AH 5 DOT HDQTRS LS BK MTG FIN TR A-............................................... ....... .. .........3 .1FE ............6,669,553 ......108.428 ............8,264,646 ............7,622,243 ............7,622,266 .......................... ...................(33) ............................ .......................... ..........5.594 ..........5.546 MON.. .............28,426 ...........426,388 07/01/2004. 12/07/2021.<br />
260003 AG 3 DOVER CORP BD............................................................................... ....... .. ........... .1FE ..........32,608,010 ......113.029 ..........35,038,990 ..........31,000,000 ..........32,601,001 .......................... ..............(7,009) ............................ .......................... ..........6.600 ..........6.214 MS..... ...........602,433 ........1,028,683 08/25/2008. 03/15/2038.<br />
260003 AC 2 DOVER CORP DB............................................................................... ....... .. ........... .1FE ............8,356,960 ......108.834 ............8,706,720 ............8,000,000 ............8,356,669 .......................... .................(291) ............................ .......................... ..........6.650 ..........6.250 JD...... .............44,333 .......................... 12/16/2008. 06/01/2028.<br />
260003 AD 0 DOVER CORP NTS............................................................................ ....... .. .........1 .1FE ..........21,873,500 ......102.222 ..........20,444,400 ..........20,000,000 ..........20,581,127 .......................... ..........(253,013) ............................ .......................... ..........6.500 ..........5.041 FA...... ...........491,111 ........1,300,000 08/05/2003. 02/15/2011.<br />
260003 AH 1 DOVER CORP SR NT......................................................................... ....... .. ........... .1FE ............7,954,500 ......103.127 ............8,250,160 ............8,000,000 ............7,954,849 .......................... ..................349 ............................ .......................... ..........5.450 ..........5.528 MS..... ...........128,378 ...........137,007 11/26/2008. 03/15/2018.<br />
260540 AA 7 DOW CAPITAL B V ('95 PUT)............................................................. ....... .. ........... .2FE ..........10,497,605 ......104.271 ............9,227,984 ............8,850,000 ............8,894,752 .......................... ............(29,441) ............................ .......................... ..........9.000 ..........7.083 MN..... ...........101,775 ...........796,500 08/04/1993. 05/15/2010.<br />
26054C BR 3 DOW CAPITAL BV SER G MTN......................................................... ....... .. ........... .2FE ............3,096,840 ......116.110 ............3,483,300 ............3,000,000 ............3,071,789 .......................... ..............(2,825) ............................ .......................... ..........8.640 ..........8.340 JD...... .............21,600 ...........259,200 06/01/1994. 06/01/2022.<br />
260543 BJ 1 DOW CHEMICAL CO DB.................................................................... ....... .. ........... .2FE ..........11,226,900 ........94.178 ............9,417,800 ..........10,000,000 ..........11,165,256 .......................... ............(26,335) ............................ .......................... ..........7.375 ..........6.357 MN..... ...........122,917 ...........737,500 07/14/2006. 11/01/2029.<br />
260543 BC 6 DOW CHEMICAL COMPANY DB....................................................... ....... .. ........... .2FE ............5,672,280 ......109.703 ............5,485,150 ............5,000,000 ............5,489,516 .......................... ............(22,210) ............................ .......................... ..........8.850 ..........7.632 MS..... ...........130,292 ...........442,500 03/06/1997. 09/15/2021.<br />
23330J AA 9 DP WORLD LTD GLBL 144A MTN..................................................... ....... .. ........... .1FE ..........29,803,100 ........51.507 ..........15,452,100 ..........30,000,000 ..........29,805,903 .......................... ...............2,143 ............................ .......................... ..........6.850 ..........6.902 JJ....... ........1,021,792 ........2,055,000 09/04/2007. 07/02/2037.<br />
23330N AA 0 DP WORLD SUKUK LTD 144A TR CTF............................................. LS... .. ........... .1FE ..........17,987,090 ........57.478 ..........10,346,040 ..........18,000,000 ..........17,988,599 .......................... ..................985 ............................ .......................... ..........6.250 ..........6.273 JJ....... ...........559,375 ........1,125,000 09/04/2007. 07/02/2017.<br />
23338* AA 3 DR LEASE TRUST 97 CL-A WALMART............................................ ....... .. ........... ......1 ............2,011,163 ......111.310 ............2,238,626 ............2,011,163 ............2,011,163 .......................... .......................... ............................ .......................... ..........7.520 ..........7.520 JJ....... .............69,738 ...........151,239 04/25/1997. 01/15/2017.<br />
26138E AA 7 DR PEPPER SNAPPLE GROUP INC 14........................................... ....... .. ........... .2FE .................25,475 ........98.504 .................24,626 .................25,000 .................25,419 .......................... ...................(55) ............................ .......................... ..........6.120 ..........5.678 MN..... ..................255 ..................770 04/29/2008. 05/01/2013.<br />
26138E AC 3 DR PEPPER SNAPPLE GROUP INC 14........................................... ....... .. ........... .2FE .................25,532 ........98.635 .................24,659 .................25,000 .................25,508 .......................... ...................(24) ............................ .......................... ..........6.820 ..........6.524 MN..... ..................284 ..................857 08/19/2008. 05/01/2018.<br />
261561 AB 0 DRESDNER BANK NEW YORK SB DB............................................. ....... .. ........... .1FE ............1,338,907 ........84.410 ............1,266,150 ............1,500,000 ............1,397,725 .......................... .............10,875 ............................ .......................... ..........7.250 ..........8.608 MS..... .............32,021 ...........108,750 05/09/2000. 09/15/2015.<br />
26203# AA 4 DRIFTWOOD DAIRY INC SR SB NT................................................. ....... .. ........... ....5Z ............4,960,000 ......100.000 ............5,000,000 ............5,000,000 ............4,972,811 .......................... ...............5,738 ............................ .......................... ........12.000 ........12.190 JAJO.. ...........101,667 ...........600,000 07/27/2006. 07/27/2012.<br />
23332H AA 1 DSM NV MTN 144A W/O RTS............................................................ ....... F ........... .1FE ..........34,278,680 ......101.538 ..........34,015,230 ..........33,500,000 ..........33,592,440 .......................... ..........(238,789) ............................ .......................... ..........6.750 ..........5.995 MN..... ...........288,938 ........2,261,250 09/27/2005. 05/15/2009.<br />
233331 AE 7 DTE ENERGY CO SR NT................................................................... ....... .. ........... .2FE ..........15,353,682 ........98.916 ..........13,506,980 ..........13,655,000 ..........14,252,500 .......................... ..........(226,450) ............................ .......................... ..........7.050 ..........5.103 JD...... .............80,223 ...........962,678 07/24/2003. 06/01/2011.<br />
233331 AJ 6 DTE ENERGY CO SR NT................................................................... ....... .. ........... .2FE ...............501,710 ........78.831 ...............394,155 ...............500,000 ...............501,577 .......................... ...................(27) ............................ .......................... ..........6.375 ..........6.349 AO...... ...............6,729 .............31,875 03/27/2003. 04/15/2033.<br />
263534 BG 3 DU PONT E I DE NEMOURS CO DE............................................... ....... .. .........1 .1FE ..........10,527,348 ......105.042 ..........10,504,200 ..........10,000,000 ..........10,480,483 .......................... ............(11,221) ............................ .......................... ..........6.500 ..........6.121 JJ....... ...........299,722 ...........325,000 07/22/2008. 01/15/2028.<br />
263534 BM 0 DU PONT E I DE NEMOURS CO NT............................................... LS... .. .........1 .1FE ............2,981,730 ......100.806 ............3,024,180 ............3,000,000 ............2,995,541 .......................... ...............3,185 ............................ .......................... ..........4.125 ..........4.241 AO...... .............20,969 ...........123,750 04/27/2004. 04/30/2010.<br />
263534 BN 8 DU PONT E I DE NEMOURS CO NT............................................... ....... .. .........1 .1FE ............9,912,600 ........98.649 ............9,864,900 ..........10,000,000 ............9,948,124 .......................... ...............8,299 ............................ .......................... ..........4.875 ..........4.987 AO...... .............82,604 ...........487,500 04/27/2004. 04/30/2014.<br />
263534 BR 9 DU PONT E I DE NEMOURS & CO SR.............................................. ....... .. ........... .1FE ............2,763,930 ........94.221 ............2,826,630 ............3,000,000 ............2,764,998 .......................... ...............1,068 ............................ .......................... ..........5.600 ..........6.192 JD...... ...............7,467 .............84,000 08/25/2008. 12/15/2036.<br />
264399 EH 5 DUKE ENERGY CORP FMB.............................................................. ....... .. .........1 .1FE ............4,999,020 ........99.858 ............4,992,900 ............5,000,000 ............4,999,817 .......................... ..................139 ............................ .......................... ..........4.500 ..........4.503 AO...... .............56,250 ...........225,000 03/19/2003. 04/01/2010.<br />
26439X AB 9 DUKE ENERGY FIELD SERVICES LLC............................................ ....... .. ........... .2FE ..........25,437,710 ........98.312 ..........23,594,880 ..........24,000,000 ..........24,372,972 .......................... ..........(212,004) ............................ .......................... ..........7.875 ..........6.844 FA...... ...........708,750 ........1,890,000 05/26/2004. 08/16/2010.<br />
26439X AC 7 DUKE ENERGY FIELD SERVICES LLC............................................ ....... .. ........... .2FE ............5,952,480 ........90.084 ............5,405,040 ............6,000,000 ............5,956,971 .......................... ..................709 ............................ .......................... ..........8.125 ..........8.196 FA...... ...........182,813 ...........487,500 08/16/2000. 08/16/2030.<br />
26441Y AH 0 DUKE REALTY CORP NTS................................................................ ....... .. .........1 .2FE ............4,993,500 ........57.733 ............2,886,650 ............5,000,000 ............4,995,918 .......................... ..................606 ............................ .......................... ..........5.400 ..........5.417 FA...... ...........102,000 ...........270,000 08/11/2004. 08/15/2014.<br />
26441Y AD 9 DUKE REALTY CORP SR NTS.......................................................... ....... .. ........... .2FE ..........19,506,948 ........82.767 ..........14,606,720 ..........17,648,000 ..........18,233,145 .......................... ..........(244,223) ............................ .......................... ..........6.950 ..........5.334 MS..... ...........361,147 ........1,226,536 03/14/2003. 03/15/2011.<br />
26441Y AE 7 DUKE REALTY CORP SR NTS.......................................................... ....... .. .........1 .2FE ............6,953,590 ........86.758 ............6,073,060 ............7,000,000 ............6,991,961 .......................... ...............7,311 ............................ .......................... ..........5.250 ..........5.365 JJ....... ...........169,458 ...........367,500 01/09/2003. 01/15/2010.<br />
264414 AT 0 DUKE REALTY CORP SR NTS.......................................................... LS... .. .........1 .2FE ............5,459,950 ........98.572 ............4,928,600 ............5,000,000 ............5,010,117 .......................... ............(84,348) ............................ .......................... ..........6.800 ..........5.037 FA...... ...........131,278 ...........340,000 12/18/2002. 02/12/2009.<br />
26441Q AD 6 DUKE REALTY LP MTN..................................................................... ....... .. ........... .2FE ............4,700,000 ........67.831 ............3,188,057 ............4,700,000 ............4,700,000 .......................... .......................... ............................ .......................... ..........5.450 ..........5.450 AO...... .............64,038 ...........256,150 09/24/2002. 10/01/2012.<br />
264411 AB 5 DUKE REALTY LP SR NTS................................................................ ....... .. ........... .2FE ............2,547,078 ........70.113 ............1,773,859 ............2,530,000 ............2,537,596 .......................... ..............(1,834) ............................ .......................... ..........5.875 ..........5.783 FA...... .............56,152 ...........148,638 12/03/2002. 08/15/2012.<br />
264411 AC 3 DUKE REALTY LP SR UNSEC NTS.................................................. LS... .. .........1 .2FE ............9,296,572 ........62.913 ............6,174,911 ............9,815,000 ............9,527,109 .......................... .............56,923 ............................ .......................... ..........4.625 ..........5.388 MN..... .............58,004 ...........453,944 08/02/2004. 05/15/2013.<br />
263534 BT 5 DUPONT EI DE NEMOURS & CO NT................................................ ....... .. ........... .1FE ..........53,782,925 ......105.029 ..........56,190,515 ..........53,500,000 ..........53,774,882 .......................... ..............(8,043) ............................ .......................... ..........6.000 ..........5.918 JJ....... ........1,364,250 .......................... 08/26/2008. 07/15/2018.<br />
263534 BV 0 DUPONT EI DE NEMOURS & CO NT................................................ ....... .. ........... .1FE ............1,244,138 ......102.957 ............1,286,963 ............1,250,000 ............1,244,187 .......................... ....................49 ............................ .......................... ..........5.875 ..........5.981 JJ....... ...............3,876 .......................... 12/09/2008. 01/15/2014.<br />
26969P A* 9 EAGLE MATERIALS TR A SR NT...................................................... ....... .. ........... ......2 ............4,500,000 ........88.541 ............3,984,345 ............4,500,000 ............4,500,000 .......................... .......................... ............................ .......................... ..........5.250 ..........5.250 MN..... .............30,188 ...........236,250 11/15/2005. 11/15/2012.<br />
26969P A@ 7 EAGLE MTERIALS INC. TR B SR NT................................................ ....... .. ........... ......2 ..........23,000,000 ........82.983 ..........19,086,090 ..........23,000,000 ..........23,000,000 .......................... .......................... ............................ .......................... ..........5.380 ..........5.380 MN..... ...........158,112 ........1,237,400 11/15/2005. 11/15/2015.
E10.44<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
271790 AD 9 EAST COAST POWER LLC SR SEC NT........................................... ....... .. ........... .2FE ............1,233,258 ......106.241 ............1,310,226 ............1,233,258 ............1,233,258 .......................... .......................... ............................ .......................... ..........7.066 ..........7.066 MJSD. .............24,581 .............87,142 04/14/1999. 03/31/2012.<br />
271790 AF 4 EAST COAST POWER LLC SR SEC NT........................................... ....... .. .........1 .2FE ............2,253,862 ......120.739 ............2,721,290 ............2,253,862 ............2,253,862 .......................... .......................... ............................ .......................... ..........7.536 ..........7.536 MJSD. ..................472 ...........212,315 04/14/1999. 06/30/2017.<br />
277432 AB 6 EASTMAN CHEMICAL CO SR DB..................................................... ....... .. ........... .2FE ............2,053,215 ........85.073 ............1,701,460 ............2,000,000 ............2,054,953 .......................... ..............(2,022) ............................ .......................... ..........7.250 ..........7.397 JJ....... .............66,861 ...........145,000 01/10/1994. 01/15/2024.<br />
278058 DB 5 EATON CORP BD............................................................................... ....... .. ........... .1FE ............4,981,000 ........81.857 ............4,092,850 ............5,000,000 ............4,981,447 .......................... ..................255 ............................ .......................... ..........5.800 ..........5.827 MS..... .............85,389 ...........290,000 03/13/2007. 03/15/2037.<br />
278058 AX 0 EATON CORP NT............................................................................... ....... .. ........... .1FE ..........23,911,333 ........98.879 ..........23,730,960 ..........24,000,000 ..........23,962,254 .......................... ...............9,345 ............................ .......................... ..........5.750 ..........5.800 JJ....... ...........636,333 ........1,380,000 07/17/2002. 07/15/2012.<br />
27876G AQ 1 ECHOSTAR DBS CORP NTS............................................................ ....... .. ........... .3FE ...............398,438 ........93.000 ...............348,750 ...............375,000 ...............384,620 .......................... ..............(3,162) ............................ .......................... ..........6.375 ..........5.359 AO...... ...............5,977 .............23,906 03/02/2004. 10/01/2011.<br />
28257V AC 6 EIRLES THREE LTD CL C SR SEC N............................................... ....... .. ........... ......1 ..........50,148,500 ........93.961 ..........46,980,500 ..........50,000,000 ..........50,146,243 .......................... ..............(2,257) ............................ .......................... ..........5.930 ..........6.080 JD...... ........1,581,333 ........1,482,500 12/19/2007. 12/19/2019.<br />
28336L AE 9 EL PASO CORP NT............................................................................ LS... .. ........... .3FE ...............708,813 ........89.798 ...............651,036 ...............725,000 ...............718,952 .......................... ..................970 ............................ .......................... ..........7.875 ..........8.108 JD...... ...............2,538 .............57,094 09/13/2005. 06/15/2012.<br />
28368E AD 8 EL PASO ENERGY CORP MED TERM N......................................... ....... .. ........... .3FE ..........10,963,325 ........65.150 ............7,202,333 ..........11,055,000 ..........10,970,875 .......................... ...............1,294 ............................ .......................... ..........7.800 ..........7.872 FA...... ...........359,288 ...........862,290 10/10/2001. 08/01/2031.<br />
G2978# AB 9 ELECTRICITY SUPPLY BOARD (ESB)............................................. ....... F ........... ......1 ..........10,000,000 ........98.672 ............9,867,200 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.040 ..........5.040 JD...... .............22,400 ...........756,000 12/15/2003. 12/15/2013.<br />
G2978# AC 7 ELECTRICITY SUPPLY BOARD (ESB)............................................. ....... F ........... ......1 ............5,000,000 ........95.817 ............4,790,850 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.190 ..........5.190 JD...... .............11,533 ...........259,500 12/15/2003. 12/15/2015.<br />
G2978# AD 5 ELECTRICITY SUPPLY BOARD (ESB)............................................. ....... F ........... ......1 ............5,000,000 ........89.450 ............4,472,500 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.390 ..........5.390 JD...... .............11,978 ...........269,500 12/15/2003. 12/15/2018.<br />
G2978# AE 3 ELECTRICITY SUPPLY BOARD (ESB)............................................. ....... F ........... ......1 ..........10,000,000 ........89.554 ............8,955,400 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.050 ..........6.050 JD...... .............26,889 ...........907,500 12/15/2003. 12/15/2023.<br />
532457 AZ 1 ELI LILLY & CO NT............................................................................. ....... .. ........... .1FE ............9,442,100 ......102.615 ..........10,261,500 ..........10,000,000 ............9,463,165 .......................... .............15,953 ............................ .......................... ..........5.500 ..........5.987 MS..... ...........161,944 ...........550,000 08/28/2007. 03/15/2027.<br />
29078E AC 9 EMBARQ CORP NT............................................................................ ....... .. ........... .2FE ..........15,552,445 ........84.500 ..........13,097,500 ..........15,500,000 ..........15,535,704 .......................... ..............(6,745) ............................ .......................... ..........6.738 ..........6.676 JD...... .............87,033 ........1,044,390 05/15/2006. 06/01/2013.<br />
291011 AQ 7 EMERSON ELECTRIC CO BD........................................................... ....... .. ........... .1FE ..........15,243,560 ......106.148 ..........16,452,940 ..........15,500,000 ..........15,267,077 .......................... ...............4,318 ............................ .......................... ..........6.000 ..........6.121 FA...... ...........351,333 ...........930,000 08/14/2002. 08/15/2032.<br />
291011 AR 5 EMERSON ELECTRIC CO NT........................................................... ....... .. ........... .1FE ............9,927,387 ........99.416 ............9,941,600 ..........10,000,000 ............9,968,356 .......................... ...............7,455 ............................ .......................... ..........4.625 ..........4.717 AO...... .............97,639 ...........462,500 10/02/2002. 10/15/2012.<br />
291011 AS 3 EMERSON ELECTRIC CO NT........................................................... ....... .. ........... .1FE ..........24,775,250 ......102.923 ..........25,730,750 ..........25,000,000 ..........24,871,693 .......................... .............18,007 ............................ .......................... ..........5.000 ..........5.101 JD...... .............55,556 ........1,250,000 12/06/2002. 12/15/2014.<br />
291011 AU 8 EMERSON ELECTRIC CO NTS......................................................... ....... .. ........... .1FE ............4,887,500 ......101.068 ............5,053,400 ............5,000,000 ............4,918,019 .......................... ...............9,898 ............................ .......................... ..........4.750 ..........5.037 AO...... .............50,139 ...........237,500 10/11/2005. 10/15/2015.<br />
291011 AP 9 EMERSON ELECTRIC CO UNSEC NTS........................................... ....... .. ........... .1FE ............8,279,920 ......104.455 ............8,356,400 ............8,000,000 ............8,141,576 .......................... ............(24,907) ............................ .......................... ..........5.625 ..........5.210 MN..... .............57,500 ...........450,000 08/12/2002. 11/15/2013.<br />
29245J AA 0 EMPRESA NACIONAL DEL PETROLEO........................................... ....... .. ........... .1FE ............2,507,567 ......100.301 ............2,186,562 ............2,180,000 ............2,332,530 .......................... ............(35,060) ............................ .......................... ..........6.750 ..........4.751 MN..... .............18,803 ...........147,150 06/11/2003. 11/15/2012.<br />
29245J AB 8 EMPRESA NACIONAL DEL PETROLEO........................................... ....... .. ........... .1FE ............6,154,700 ........91.495 ............5,947,175 ............6,500,000 ............6,256,423 .......................... .............38,956 ............................ .......................... ..........4.875 ..........5.714 MS..... .............93,302 ...........316,875 04/05/2006. 03/15/2014.<br />
29250R AC 0 ENBRIDGE ENERGY PARTNERS LP NT......................................... ....... .. ........... .2FE ..........21,256,410 ........86.963 ..........18,697,045 ..........21,500,000 ..........21,356,144 .......................... .............25,696 ............................ .......................... ..........4.750 ..........4.919 JD...... .............85,104 ........1,021,250 04/30/2008. 06/01/2013.<br />
29250R AN 6 ENBRIDGE ENERGY PARTNERS LP NT......................................... ....... .. ........... .2FE ..........20,324,070 ........82.291 ..........16,458,200 ..........20,000,000 ..........20,310,410 .......................... ............(13,660) ............................ .......................... ..........6.500 ..........6.277 AO...... ...........274,444 ...........693,333 08/29/2008. 04/15/2018.<br />
29250R AF 3 ENBRIDGE ENERGY PARTNERS SR NT......................................... ....... .. .........1 .2FE ............8,996,310 ........84.087 ............7,567,830 ............9,000,000 ............8,997,724 .......................... ..................317 ............................ .......................... ..........5.350 ..........5.355 JD...... .............21,400 ...........481,500 12/01/2004. 12/15/2014.<br />
292505 AD 6 ENCANA CORP BD............................................................................ ....... I. ........... .2FE ............9,935,760 ........80.234 ............8,023,400 ..........10,000,000 ............9,939,625 .......................... ..................892 ............................ .......................... ..........6.500 ..........6.549 FA...... ...........245,556 ...........650,000 07/28/2004. 08/15/2034.<br />
292506 AA 0 ENCANA CORP CO GUARNT............................................................ ....... I. .........1 .2FE ............5,976,840 ........93.681 ............5,620,860 ............6,000,000 ............5,985,882 .......................... ...............2,195 ............................ .......................... ..........5.800 ..........5.852 MN..... .............58,000 ...........348,000 05/10/2004. 05/01/2014.<br />
292505 AB 0 ENCANA CORP NT............................................................................. ....... .. ........... .2FE ............1,232,650 ........92.067 ............1,150,838 ............1,250,000 ............1,234,674 .......................... ...............2,024 ............................ .......................... ..........4.750 ..........5.041 AO...... .............12,535 .............59,375 04/03/2008. 10/15/2013.<br />
29267H AA 7 ENDURANCE SPECIALTY HLDGS LTD............................................ ....... .. ........... .2FE ..........19,821,600 ........67.055 ..........13,411,000 ..........20,000,000 ..........19,830,799 .......................... ...............2,318 ............................ .......................... ..........7.000 ..........7.072 JJ....... ...........645,556 ........1,400,000 07/08/2004. 07/15/2034.<br />
29267H AB 5 ENDURANCE SPECIALTY HLDGS LTD............................................ LS... .. ........... .2FE ..........10,960,290 ........86.714 ............9,538,540 ..........11,000,000 ..........10,970,490 .......................... ...............3,401 ............................ .......................... ..........6.150 ..........6.199 AO...... ...........142,817 ...........676,500 10/12/2005. 10/15/2015.<br />
29265N AQ 1 ENERGEN (UTIL:GAS DISTR) NTS................................................... ....... .. ........... .2FE ..........14,933,550 ........95.624 ..........14,343,600 ..........15,000,000 ..........14,964,268 .......................... ...............6,497 ............................ .......................... ..........5.000 ..........5.057 AO...... ...........187,500 ...........750,000 09/30/2003. 10/01/2013.<br />
29266R F@ 2 ENERGIZER HLDGS INC SER 2004-B.............................................. ....... .. ........... ......2 ............2,000,000 ........98.733 ............1,974,660 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........3.960 ..........3.960 MN..... .............11,440 .............90,450 11/09/2004. 11/09/2009.<br />
29266R F# 0 ENERGIZER HLDGS INC SER 2004-C.............................................. ....... .. ........... ......2 ............2,000,000 ........95.499 ............1,909,980 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........4.380 ..........4.380 MN..... .............12,653 .............98,850 11/09/2004. 11/09/2011.<br />
29266R H# 8 ENERGIZER HOLDINGS INC SER 200............................................. ....... .. ........... ......2 ............7,000,000 ........98.330 ............6,883,100 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........6.050 ..........6.050 JD...... ...............1,176 ...........661,500 07/06/2006. 06/30/2011.<br />
29266R J@ 8 ENERGIZER HOLDINGS INC SER 200............................................. ....... .. ........... ......2 ............6,000,000 ........99.441 ............5,966,460 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........6.240 ..........6.240 JD...... ...............1,040 ...........584,100 07/06/2006. 06/30/2016.<br />
29266R K* 8 ENERGIZER HOLDINGS INC SER 200............................................. ....... .. ........... ......2 ............8,500,000 ........96.944 ............8,240,240 ............8,500,000 ............8,500,000 .......................... .......................... ............................ .......................... ..........6.010 ..........6.010 AO...... ...........107,846 ...........561,319 10/15/2007. 10/15/2012.<br />
29266R K# 4 ENERGIZER HOLDINGS INC SER 200............................................. ....... .. ........... ......2 ..........20,500,000 ........94.364 ..........19,344,620 ..........20,500,000 ..........20,500,000 .......................... .......................... ............................ .......................... ..........6.230 ..........6.230 AO...... ...........269,621 ........1,398,869 10/15/2007. 10/15/2014.<br />
29266R L@ 5 ENERGIZER HOLDINGS INC SER 200............................................. ....... .. ........... ......2 ............9,000,000 ........91.864 ............8,267,760 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........6.480 ..........6.480 AO...... ...........123,120 ...........636,638 10/15/2007. 10/15/2016.<br />
29266R C# 3 ENERGIZER HOLDINGS INC SR NTS.............................................. ....... .. ........... ......2 ............5,000,000 ........97.251 ............4,862,550 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........3.630 ..........3.630 JD...... ..................504 ...........291,000 06/27/2003. 06/30/2010.<br />
29266R D* 6 ENERGIZER HOLDINGS INC SR NTS.............................................. ....... .. ........... ......2 ............5,000,000 ........95.119 ............4,755,950 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........3.860 ..........3.860 JD...... ..................536 ...........308,250 06/27/2003. 06/30/2011.<br />
29266R D# 2 ENERGIZER HOLDINGS INC SR NTS.............................................. ....... .. ........... ......2 ............5,000,000 ........91.654 ............4,582,700 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........4.250 ..........4.250 JD...... ..................590 ...........337,500 06/27/2003. 06/30/2013.<br />
29266R G# 9 ENERGIZER HOLDINGS INC SR NTS.............................................. ....... .. ........... ......2 ............5,000,000 ........96.159 ............4,807,950 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.090 ..........5.090 MS..... .............64,332 ...........300,958 09/29/2005. 09/29/2012.<br />
29266R H* 2 ENERGIZER HOLDINGS INC SR NTS.............................................. ....... .. ........... ......2 ............5,000,000 ........87.983 ............4,399,150 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.230 ..........5.230 MS..... .............66,101 ...........270,875 09/29/2005. 09/29/2015.<br />
29266M AA 7 ENERGY EAST CORP NT.................................................................. ....... .. ........... .2FE ............6,496,513 ......103.963 ............6,757,595 ............6,500,000 ............6,499,099 .......................... ..................429 ............................ .......................... ..........8.050 ..........8.057 MN..... .............66,860 ...........523,250 11/08/2000. 11/15/2010.<br />
29266M AD 1 ENERGY EAST CORP NT.................................................................. ....... .. ........... .2FE ............7,082,612 ......100.215 ............7,015,050 ............7,000,000 ............7,035,499 .......................... ..............(8,868) ............................ .......................... ..........6.750 ..........6.584 JD...... .............21,000 ...........472,500 06/11/2002. 06/15/2012.<br />
29273R AB 5 ENERGY TRANSFER PARTNERS LP SR......................................... ....... .. ........... .2FE ..........14,397,997 ........85.903 ..........12,492,014 ..........14,542,000 ..........14,432,580 .......................... .............14,386 ............................ .......................... ..........5.950 ..........6.099 FA...... ...........360,520 ...........865,249 08/14/2006. 02/01/2015.<br />
29273R AD 1 ENERGY TRANSFER PARTNERS LP SR......................................... ....... .. ........... .2FE ...............998,970 ........89.278 ...............892,780 ............1,000,000 ...............999,423 .......................... ..................141 ............................ .......................... ..........5.650 ..........5.668 FA...... .............23,542 .............56,500 07/26/2005. 08/01/2012.<br />
29273R AE 9 ENERGY TRANSFER PARTNERS LP SR......................................... ....... .. ........... .2FE ............6,993,840 ........82.583 ............5,780,810 ............7,000,000 ............6,994,846 .......................... ..................477 ............................ .......................... ..........6.125 ..........6.138 FA...... ...........161,972 ...........428,750 10/18/2006. 02/15/2017.<br />
29273R AF 6 ENERGY TRANSFER PARTNERS LP SR......................................... ....... .. ........... .2FE ..........10,345,400 ........69.995 ............6,999,500 ..........10,000,000 ..........10,337,147 .......................... ..............(4,352) ............................ .......................... ..........6.625 ..........6.364 AO...... ...........139,861 ...........662,500 01/11/2007. 10/15/2036.<br />
292845 AF 1 ENGELHARD CORP NT..................................................................... ....... .. .........1 .1FE ..........10,240,368 ......103.947 ..........10,994,474 ..........10,577,000 ..........10,399,988 .......................... .............35,669 ............................ .......................... ..........4.250 ..........4.678 MN..... .............57,439 ...........449,523 03/03/2004. 05/15/2013.<br />
292845 AE 4 ENGELHARD CORPORATION NT.................................................... ....... .. ........... .1FE ............4,755,800 ......127.237 ............6,361,850 ............5,000,000 ............4,785,079 .......................... ...............4,876 ............................ .......................... ..........6.950 ..........7.369 JD...... .............28,958 ...........347,500 06/22/2001. 06/01/2028.<br />
26874Q AB 6 ENSCO INTERANTIONAL INC SR DBS............................................ ....... .. ........... .2FE ..........20,256,435 ......105.518 ..........20,090,627 ..........19,040,000 ..........20,119,919 .......................... ............(34,144) ............................ .......................... ..........7.200 ..........6.399 MN..... ...........175,168 ........1,370,880 11/18/2003. 11/15/2027.<br />
29356J AA 5 ENSCO OFFSHORE CO US GOV GUARN....................................... ....... .. ........... ......1 ............7,067,000 ......107.181 ............7,574,481 ............7,067,000 ............7,067,000 .......................... .......................... ............................ .......................... ..........4.650 ..........4.650 AO...... .............69,374 ...........328,616 10/03/2003. 10/15/2020.
E10.45<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
29364N AH 1 ENTERGY MISSISSIPPI INC FMB..................................................... ....... .. ........... .2FE ............5,993,940 ........90.411 ............5,424,660 ............6,000,000 ............5,997,153 .......................... ..................611 ............................ .......................... ..........5.150 ..........5.163 FA...... ...........128,750 ...........309,000 01/27/2003. 02/01/2013.<br />
293791 AN 9 ENTERPRISE PROD OPERATING LP S........................................... ....... .. ........... .2FE ..........12,378,410 ........84.844 ..........10,605,500 ..........12,500,000 ..........12,404,752 .......................... .............13,452 ............................ .......................... ..........5.600 ..........5.756 AO...... ...........147,778 ...........700,000 12/07/2007. 10/15/2014.<br />
29379V AC 7 ENTERPRISE PRODS OPER LLC GTD............................................ ....... .. ........... .2FE ..........25,067,196 ........84.132 ..........21,035,524 ..........25,003,000 ..........25,064,777 .......................... ..............(2,419) ............................ .......................... ..........6.500 ..........6.424 JJ....... ...........681,679 ...........532,703 04/30/2008. 01/31/2019.<br />
29379V AA 1 ENTERPRISE PRODS OPER LLC SR N........................................... ....... .. ........... .2FE ..........10,013,700 ........84.637 ............8,463,700 ..........10,000,000 ..........10,012,342 .......................... ..............(1,037) ............................ .......................... ..........6.300 ..........6.281 MS..... ...........185,500 ...........649,250 08/29/2007. 09/15/2017.<br />
293791 AB 5 ENTERPRISE PRODS OPERATING LP............................................ ....... .. ........... .2FE ...............987,068 ........98.218 ...............903,606 ...............920,000 ...............940,417 .......................... ..............(8,886) ............................ .......................... ..........7.500 ..........6.346 FA...... .............28,750 .............69,000 01/15/2003. 02/01/2011.<br />
293791 AD 1 ENTERPRISE PRODS OPERATING LP............................................ ....... .. ........... .2FE ..........41,527,559 ........92.647 ..........38,091,814 ..........41,115,000 ..........41,311,801 .......................... ............(41,862) ............................ .......................... ..........6.375 ..........6.240 FA...... ........1,092,117 ........2,618,850 10/09/2008. 02/01/2013.<br />
293791 AF 6 ENTERPRISE PRODS OPERATING LP............................................ ....... .. ........... .2FE ..........16,929,740 ........76.656 ..........13,031,520 ..........17,000,000 ..........16,934,787 .......................... ...............1,005 ............................ .......................... ..........6.875 ..........6.907 MS..... ...........389,583 ........1,168,750 03/04/2003. 03/01/2033.<br />
293791 AR 0 ENTERPRISE PRODUCTS OPER LP GT......................................... ....... .. ........... .2FE ............8,810,370 ........81.493 ............7,334,370 ............9,000,000 ............8,868,310 .......................... .............17,633 ............................ .......................... ..........5.000 ..........5.280 MS..... ...........150,000 ...........450,000 06/24/2005. 03/01/2015.<br />
26875R AA 5 EOG CO OF CANADA CO GUARNT 14........................................... ....... I. .........1 .1FE ............1,949,713 ......102.762 ............1,746,954 ............1,700,000 ............1,812,725 .......................... ............(35,332) ............................ .......................... ..........7.000 ..........4.548 JD...... ...............9,917 ...........119,000 11/02/2004. 12/01/2011.<br />
26875P AA 9 EOG RES INC SR NT......................................................................... LS... .. ........... .1FE ..........19,638,789 ......101.519 ..........19,907,876 ..........19,610,000 ..........19,638,614 .......................... .................(350) ............................ .......................... ..........5.875 ..........5.853 MS..... ...........339,226 ...........914,183 09/03/2008. 09/15/2017.<br />
26875U AA 8 EOG RESOURCES CANADA CO GUARNT...................................... ....... I. ........... .1FE ..........21,452,485 ......102.082 ..........21,947,630 ..........21,500,000 ..........21,472,651 .......................... ...............4,524 ............................ .......................... ..........4.750 ..........4.778 MS..... ...........300,701 ........1,021,250 03/02/2004. 03/15/2014.<br />
294429 AG 0 EQUIFAX INC NT................................................................................ ....... .. ........... .2FE ............2,494,050 ........62.569 ............1,564,225 ............2,500,000 ............2,494,144 .......................... ....................64 ............................ .......................... ..........7.000 ..........7.019 JJ....... .............87,500 ...........176,458 06/26/2007. 07/01/2037.<br />
29455J BP 1 EQUITABLE RESOURCES................................................................ ....... .. ........... .2FE ............7,105,425 ......105.514 ............7,913,550 ............7,500,000 ............7,269,537 .......................... .............24,745 ............................ .......................... ..........7.550 ..........8.152 AO...... ...........141,563 ...........566,250 02/25/2000. 10/01/2015.<br />
294549 AM 2 EQUITABLE RESOURCES INC BD................................................... ....... .. ........... .2FE ..........33,023,512 ........84.923 ..........27,812,283 ..........32,750,000 ..........32,932,650 .......................... ............(15,526) ............................ .......................... ..........5.150 ..........5.073 MS..... ...........562,208 ........1,686,625 11/01/2006. 03/01/2018.<br />
294549 AJ 9 EQUITABLE RESOURCES INC GLOBAL.......................................... ....... .. .........1 .2FE ..........34,948,089 ........93.679 ..........32,136,581 ..........34,305,000 ..........34,630,405 .......................... ............(74,946) ............................ .......................... ..........5.150 ..........4.877 MN..... ...........225,746 ........1,766,708 05/19/2005. 11/15/2012.<br />
294549 AR 1 EQUITABLE RESOURCES INC SR NT............................................. ....... .. ........... .2FE ............9,693,110 ........93.406 ............8,873,570 ............9,500,000 ............9,685,014 .......................... ..............(8,096) ............................ .......................... ..........6.500 ..........6.492 AO...... ...........154,375 ...........331,049 06/10/2008. 04/01/2018.<br />
294549 AP 5 EQUITABLE RESOURCES INC SR NTS........................................... ....... .. ........... .2FE ............9,967,300 ........87.436 ............8,743,600 ..........10,000,000 ............9,976,215 .......................... ...............2,891 ............................ .......................... ..........5.000 ..........5.042 AO...... ...........125,000 ...........500,000 09/27/2005. 10/01/2015.<br />
26884A AS 2 EQUITY RESIDENTIAL PROP NTS................................................... ....... .. .........1 .2FE ..........21,061,690 ........66.811 ..........14,030,310 ..........21,000,000 ..........21,040,003 .......................... ..............(5,902) ............................ .......................... ..........5.250 ..........5.211 MS..... ...........324,625 ........1,102,500 11/15/2004. 09/15/2014.<br />
26884A AN 3 EQUITY RESIDENTIAL PROP SR NTS............................................. ....... .. .........1 .2FE ..........22,123,110 ........82.167 ..........17,255,070 ..........21,000,000 ..........21,492,188 .......................... ..........(138,672) ............................ .......................... ..........6.625 ..........5.804 MS..... ...........409,646 ........1,391,250 01/07/2004. 03/15/2012.<br />
26884A AQ 6 EQUITY RESIDENTIAL PROP UNSEC............................................. ....... .. .........1 .2FE ............5,033,400 ........74.249 ............3,712,450 ............5,000,000 ............5,017,171 .......................... ..............(3,530) ............................ .......................... ..........5.200 ..........5.110 AO...... .............65,000 ...........260,000 10/29/2003. 04/01/2013.<br />
26882P AX 0 ERAC USA FIN CO GTD 144A NT..................................................... ....... .. ........... .2FE ............9,982,500 ........70.409 ............7,040,900 ..........10,000,000 ............9,985,936 .......................... ...............1,356 ............................ .......................... ..........6.200 ..........6.223 MN..... ...........103,333 ...........620,000 04/24/2006. 11/01/2016.<br />
26882P AT 9 ERAC USA FINANCE CO BDS 144A................................................ ....... .. ........... .2FE ..........13,154,800 ........72.628 ............9,441,640 ..........13,000,000 ..........13,117,014 .......................... ............(13,696) ............................ .......................... ..........5.900 ..........5.738 MN..... .............98,006 ...........767,000 01/23/2006. 11/15/2015.<br />
26882P AS 1 ERAC USA FINANCE CO BDS 144A W............................................. ....... .. .........1 .2FE ..........21,688,323 ........73.774 ..........16,090,109 ..........21,810,000 ..........21,716,980 .......................... .............11,801 ............................ .......................... ..........5.600 ..........5.681 MN..... ...........203,560 ........1,221,360 08/29/2006. 05/01/2015.<br />
29481# AC 7 ERGON INC GTD SR NT.................................................................... ....... .. ........... ......2 ..........14,000,000 ........92.270 ..........12,917,800 ..........14,000,000 ..........14,000,000 .......................... .......................... ............................ .......................... ..........5.500 ..........5.500 FMAN. .............87,694 ...........385,000 05/20/2008. 05/20/2018.<br />
29481# AA 1 ERGON INC SR GTD NTS................................................................. ....... .. ........... ......2 ............7,500,000 ......102.117 ............7,658,775 ............7,500,000 ............7,500,000 .......................... .......................... ............................ .......................... ..........7.180 ..........7.180 FMAN. .............46,371 ...........538,500 05/31/2001. 05/31/2011.<br />
29481# AB 9 ERGON INC SR NTS.......................................................................... ....... .. ........... ......2 ..........12,600,000 ........94.621 ..........11,922,246 ..........12,600,000 ..........12,600,000 .......................... .......................... ............................ .......................... ..........5.170 ..........5.170 FMAN. .............92,285 ...........651,420 02/10/2005. 02/10/2015.<br />
26884A AD 5 ERP OPERATING LP NTS................................................................. ....... .. ........... .2FE ............4,602,849 ........57.143 ............2,571,435 ............4,500,000 ............4,601,628 .......................... ..............(3,445) ............................ .......................... ..........7.570 ..........7.324 FA...... ...........128,690 ...........340,650 11/01/2006. 08/15/2026.<br />
29736R AD 2 ESTEE LAUDER CO INC SR NT........................................................ ....... .. ........... .1FE ............4,996,600 ......105.722 ............5,286,100 ............5,000,000 ............4,996,688 .......................... ....................88 ............................ .......................... ..........7.750 ..........7.767 MN..... .............61,354 .......................... 10/30/2008. 11/01/2013.<br />
29736R AA 8 ESTEE LAUDER CO INC SR NTS..................................................... ....... .. .........1 .1FE ..........29,202,700 ........79.480 ..........23,049,200 ..........29,000,000 ..........29,194,928 .......................... ..............(4,075) ............................ .......................... ..........5.750 ..........5.698 AO...... ...........352,028 ........1,667,500 06/10/2005. 10/15/2033.<br />
29736R AB 6 ESTEE LAUDER COS INC SR NT..................................................... ....... .. ........... .1FE ............9,627,700 ........92.300 ............9,230,000 ..........10,000,000 ............9,641,259 .......................... .............13,559 ............................ .......................... ..........5.550 ..........6.102 MN..... .............70,917 ...........277,500 07/25/2008. 05/15/2017.<br />
518439 AA 2 ESTEE LAUDER COS INC SR NTS................................................... ....... .. .........1 .1FE ..........20,968,100 ........98.111 ..........19,622,200 ..........20,000,000 ..........20,367,850 .......................... ..........(108,757) ............................ .......................... ..........6.000 ..........5.337 JJ....... ...........553,333 ........1,200,000 11/06/2002. 01/15/2012.<br />
29736R AC 4 ESTEE LAUEDER CO INC SR NT..................................................... ....... .. ........... .1FE ............8,985,300 ........85.565 ............8,556,500 ..........10,000,000 ............8,989,012 .......................... ...............3,712 ............................ .......................... ..........6.000 ..........6.808 MN..... .............76,667 ...........300,000 09/10/2008. 05/15/2037.<br />
297425 AF 7 ESTERLINE TECHNOLOGIES CORP SR......................................... ....... .. .........1 .3FE ............3,000,000 ........85.000 ............2,550,000 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........6.625 ..........6.625 MS..... .............66,250 ...........198,750 02/22/2007. 03/01/2017.<br />
299808 AB 1 EVEREST REINSURANCE HLDGS INC........................................... ....... .. ........... .1FE ............5,846,133 ........94.381 ............4,879,498 ............5,170,000 ............5,381,591 .......................... ..........(165,431) ............................ .......................... ..........8.750 ..........5.208 MS..... ...........133,199 ...........452,375 01/12/2006. 03/15/2010.<br />
299808 AD 7 EVEREST REINSURANCE HLDGS INC............................................ ....... .. ........... .1FE ..........16,771,608 ........68.266 ..........11,468,688 ..........16,800,000 ..........16,781,753 .......................... ...............2,617 ............................ .......................... ..........5.400 ..........5.422 AO...... ...........191,520 ...........907,200 10/06/2004. 10/15/2014.<br />
30050A AA 1 EVRAZ GROUP SA GTD 144A NT..................................................... ....... .. ........... .3FE ............8,937,617 ........50.000 ............4,473,000 ............8,946,000 ............8,947,569 .......................... .................(484) ............................ .......................... ..........8.250 ..........8.243 MN..... ...........104,556 ...........738,045 04/26/2007. 11/10/2015.<br />
300674 AA 6 EXCEL PARALUBES FUNDING CORP............................................. ....... .. ........... .2FE ..........29,062,100 ......101.290 ..........28,361,200 ..........28,000,000 ..........28,450,744 .......................... ............(78,816) ............................ .......................... ..........7.430 ..........6.971 MN..... ...........346,733 ........2,080,400 08/21/1998. 11/01/2015.<br />
269279 AB 1 EXCO RESOURCES INC CO GUARNT............................................. ....... .. .........1 .5FE ............1,302,156 ........78.000 ...............994,500 ............1,275,000 ............1,278,968 .......................... ..............(3,562) ............................ .......................... ..........7.250 ..........6.861 JJ....... .............42,624 .............92,438 04/01/2004. 01/15/2011.<br />
30161N AA 9 EXELON CORPORATION NT............................................................ ....... .. ........... .2FE ............4,992,200 ........97.597 ............4,879,850 ............5,000,000 ............4,997,686 .......................... ..................886 ............................ .......................... ..........6.750 ..........6.772 MN..... .............56,250 ...........337,500 05/03/2001. 05/01/2011.<br />
30215* AL 2 EXPLORER PIPELINE CO SER K SR............................................... ....... .. ........... ......1 ............9,000,000 ......105.373 ............9,483,570 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........6.760 ..........6.760 JJ....... ...........255,190 ...........608,400 07/31/2002. 07/31/2017.<br />
30215* AM 0 EXPLORER PIPELINE CO SER L SR................................................ ....... .. ........... ......1 ..........10,000,000 ........95.880 ............9,588,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.010 ..........7.010 JJ....... ...........294,031 ...........701,000 07/31/2002. 07/31/2022.<br />
30215* AN 8 EXPLORER PIPELINE CO SER M..................................................... ....... .. ........... ......1 ..........11,000,000 ........99.827 ..........10,980,970 ..........11,000,000 ..........11,000,000 .......................... .......................... ............................ .......................... ..........4.300 ..........4.300 JJ....... ...........198,397 ...........473,000 12/30/2002. 01/31/2011.<br />
30217V AA 5 EXPRESS PIPELINE SR NTS 144A.................................................. ....... .. ........... .1FE ............6,958,140 ......108.813 ............7,888,398 ............7,249,500 ............7,093,761 .......................... .............96,462 ............................ .......................... ..........6.470 ..........7.459 JD...... ...........273,946 ...........502,821 03/09/2000. 12/31/2011.<br />
30217V AC 1 EXPRESS PIPELINE SUB NTS 144A................................................ ....... .. ........... .2FE ..........12,012,000 ......121.761 ..........14,625,931 ..........12,012,000 ..........12,012,000 .......................... .......................... ............................ .......................... ..........7.390 ..........7.390 JD...... ...........457,394 ...........898,772 01/30/1998. 12/31/2019.<br />
303250 B@ 2 FAIR ISAAC CORP SER D SR NT..................................................... ....... .. ........... ......1 ..........30,000,000 ......104.376 ..........31,312,800 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........7.180 ..........7.180 MN..... ...........323,100 ........1,077,000 05/07/2008. 05/07/2018.<br />
305915 AD 2 FALCONBRIDGE LTD NT................................................................... ....... .. ........... .2FE ............7,588,676 ........63.689 ............5,036,526 ............7,908,000 ............7,697,043 .......................... .............26,142 ............................ .......................... ..........5.375 ..........5.877 JD...... .............35,421 ...........425,055 05/20/2004. 06/01/2015.<br />
30239X AB 3 FBG FINANCE LTD GTD 144A NT..................................................... ....... .. ........... .2FE ..........23,606,431 ........92.732 ..........20,354,674 ..........21,950,000 ..........23,008,474 .......................... ..........(111,907) ............................ .......................... ..........7.875 ..........7.005 JD...... ...........144,047 ........1,728,563 02/19/2004. 06/01/2016.<br />
31331F AN 1 FEDERAL EXPRESS CORP CTFS PSTH......................................... ....... .. ........... .2FE ............4,419,520 ........94.500 ............4,198,663 ............4,443,030 ............4,420,348 .......................... ...............7,128 ............................ .......................... ..........7.110 ..........7.282 JJ....... ...........157,072 ...........315,899 08/14/1997. 01/02/2014.<br />
31331F AF 8 FEDERAL EXPRESS CORP DB SER C2.......................................... ....... .. ........... .2FE ............4,893,010 ........93.250 ............4,699,097 ............5,039,247 ............4,971,396 .......................... ...............9,176 ............................ .......................... ..........7.960 ..........8.251 MS..... ...........103,624 ...........401,124 08/05/1994. 03/28/2017.<br />
31331F AY 7 FEDERAL EXPRESS CORP PSTHR TR........................................... ....... .. ........... .2FE ............6,561,462 ........90.000 ............5,242,998 ............5,825,553 ............6,298,180 .......................... ............(65,194) ............................ .......................... ..........6.845 ..........5.261 JJ....... ...........183,872 ...........398,759 11/12/2004. 01/15/2019.<br />
31331F AE 1 FEDERAL EXPRESS CORP SER C1 DB.......................................... ....... .. ........... .2FE ............4,780,454 ........93.400 ............4,836,529 ............5,178,296 ............5,097,423 .......................... .............45,912 ............................ .......................... ..........7.150 ..........8.115 MS..... .............95,647 ...........370,248 09/23/1994. 09/28/2012.<br />
31331F AV 3 FEDERAL EXPRESS CORP SER 97-B............................................. LS... .. ........... .2FE ............3,682,433 ........92.780 ............3,133,547 ............3,377,394 ............3,465,256 .......................... ............(23,651) ............................ .......................... ..........7.520 ..........6.580 JJ....... ...........117,113 ...........253,982 01/08/1999. 01/15/2018.<br />
31331F BA 8 FEDERAL EXPRESS CORP SER 99-1A........................................... ....... .. ........... .1FE ............3,893,105 ........89.000 ............2,900,369 ............3,258,841 ............3,677,820 .......................... ............(39,887) ............................ .......................... ..........7.650 ..........5.654 JJ....... ...........114,956 ...........249,301 02/05/2003. 07/15/2024.
E10.46<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
31331F AJ 0 FEDERAL EXPRESS CORP SER-A3 CT.......................................... ....... .. ........... .2FE ............5,835,258 ........93.000 ............5,224,907 ............5,618,180 ............5,627,580 .......................... ............(17,612) ............................ .......................... ..........8.400 ..........8.112 MS..... ...........128,469 ...........471,930 01/19/2000. 03/23/2010.<br />
31331F AD 3 FEDERAL EXPRESS CORP SER-B2 CT.......................................... ....... .. ........... .2FE ............5,000,000 ........90.025 ............4,501,250 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.630 ..........7.630 JJ....... ...........190,750 ...........381,500 09/23/1993. 01/01/2015.<br />
31331F AB 7 FEDERAL EXPRESS CORP TR CTF SE........................................... ....... .. ........... .2FE ...............948,501 ........91.240 ...............821,160 ...............900,000 ...............917,125 .......................... ..............(3,856) ............................ .......................... ..........8.760 ..........8.185 MN..... ...............8,541 .............78,840 09/19/1996. 05/22/2015.<br />
31331F AX 9 FEDERAL EXPRESS PTC SER 981A................................................ ....... .. ........... .1FE ............3,676,154 ........90.000 ............3,456,404 ............3,840,449 ............3,727,420 .......................... .............11,599 ............................ .......................... ..........6.720 ..........7.185 JJ....... ...........119,003 ...........258,078 01/27/2000. 01/15/2022.<br />
313855 C@ 5 FEDERAL SIGNAL CORP SR NTS.................................................... ....... .. ........... ......3 ............8,000,000 ........84.171 ............6,733,680 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........5.240 ..........5.240 JD...... .............18,631 ...........419,200 12/06/2002. 12/15/2012.<br />
31410H AR 2 FEDERATED DEPT STORES INC SR N........................................... ....... .. ........... .2FE ..........24,196,645 ........89.465 ..........19,737,768 ..........22,062,000 ..........22,501,857 .......................... ..........(285,081) ............................ .......................... ..........8.500 ..........6.999 JD...... ...........156,273 ........1,875,270 01/02/2002. 06/01/2010.<br />
31410H AP 6 FEDERATED DEPT STORES NT...................................................... LS... .. ........... .2FE ............5,925,367 ........97.523 ............5,983,036 ............6,135,000 ............6,126,229 .......................... .............33,264 ............................ .......................... ..........6.300 ..........6.878 AO...... .............96,626 ...........386,505 07/23/2001. 04/01/2009.<br />
31435* AA 8 FELLOWES INC SR NT...................................................................... ....... .. ........... ......2 ..........12,870,000 ........90.558 ..........11,654,815 ..........12,870,000 ..........12,870,000 .......................... .......................... ............................ .......................... ..........4.760 ..........4.760 FA...... ...........245,045 ...........612,612 08/07/2003. 08/07/2015.<br />
G3144# AB 6 FENNER INTL LTD............................................................................. ....... F ........... ......2 ............5,745,454 ........94.350 ............5,420,836 ............5,745,454 ............5,745,454 .......................... .......................... ............................ .......................... ..........7.290 ..........7.290 JD...... .............34,904 ...........418,844 07/24/1997. 06/01/2012.<br />
31620R AA 3 FIDELITY NATIONAL TITLE GROUP................................................. ....... .. ........... .2FE ...............672,180 ......108.041 ...............648,246 ...............600,000 ...............627,135 .......................... ..............(9,374) ............................ .......................... ..........7.300 ..........5.428 FA...... .............16,547 .............43,800 08/06/2003. 08/15/2011.<br />
31620R AB 1 FIDELITY NATL FINL INC SR NT....................................................... ....... .. ........... .2FE ............6,947,451 ......103.206 ............7,224,420 ............7,000,000 ............6,974,421 .......................... ...............5,287 ............................ .......................... ..........5.250 ..........5.348 MS..... ...........108,208 ...........367,500 03/06/2003. 03/15/2013.<br />
316773 AD 2 FIFTH THIRD BANCORP SB NT........................................................ ....... .. ........... .1FE ..........10,956,240 ........74.129 ............8,154,190 ..........11,000,000 ..........10,969,292 .......................... ...............2,561 ............................ .......................... ..........4.500 ..........4.537 JD...... .............41,250 ...........495,000 06/27/2003. 06/01/2018.<br />
31677A AA 2 FIFTH THIRD BANK SUB NTS (BANK............................................... ....... .. ........... .1FE ..........11,864,860 ........82.264 ............9,871,680 ..........12,000,000 ..........11,909,245 .......................... .............12,432 ............................ .......................... ..........4.750 ..........4.895 FA...... ...........237,500 ...........570,000 03/09/2005. 02/01/2015.<br />
31677Q AP 4 FIFTH THIRD BK CINCINNATI OH M................................................. ....... .. ........... .1FE ............3,136,096 ........96.230 ............3,079,360 ............3,200,000 ............3,183,662 .......................... .............13,554 ............................ .......................... ..........4.200 ..........4.661 FA...... .............47,787 ...........134,400 04/01/2005. 02/23/2010.<br />
317385 AF 9 FINANCEMENT QUEBEC GTD NT.................................................... ....... .. ........... .1FE ..........17,861,760 ......107.517 ..........19,353,060 ..........18,000,000 ..........17,938,864 .......................... .............14,157 ............................ .......................... ..........5.000 ..........5.099 AO...... ...........165,000 ...........900,000 10/21/2002. 10/25/2012.<br />
31848J AA 7 FIRST AMERICAN CORP SR NT....................................................... ....... .. ........... .2FE ..........10,969,200 ........85.465 ............9,401,150 ..........11,000,000 ..........10,980,704 .......................... ...............2,856 ............................ .......................... ..........5.700 ..........5.737 FA...... ...........261,250 ...........627,000 07/21/2004. 08/01/2014.<br />
319333 E@ 5 FIRST BOSTON CORP (REILLY) 88-................................................ ....... .. .......23 ......3 ...............963,732 ........83.000 ............1,253,164 ............1,509,836 ...................7,149 .......................... .......................... ............................ .......................... ..........7.585 ..........9.395 MON.. .......................... ...........145,974 01/01/1998. 08/31/2016.<br />
000000 00 0 FIRST DATA CORP TRNCH B-3 TERM............................................. ....... .. .......23 .3FE ............1,920,688 ........65.000 ............1,283,750 ............1,975,000 ............1,927,962 .......................... ...............6,265 ............................ .......................... ..........5.348 ..........9.422 MON.. ...............5,372 ...........123,057 10/12/2007. 09/24/2014.<br />
337162 AE 1 FIRST HORIZON NATIONAL CORP SU............................................ ....... .. ........... .2FE ..........14,605,900 ........69.460 ..........10,419,000 ..........15,000,000 ..........14,778,915 .......................... .............42,841 ............................ .......................... ..........4.500 ..........4.877 MN..... .............86,250 ...........675,000 12/20/2004. 05/15/2013.<br />
32055R AN 7 FIRST INDUSTRIAL LP SR NT........................................................... LS... .. ........... .2FE ..........11,048,217 ........52.336 ............5,984,622 ..........11,435,000 ..........11,125,735 .......................... .............34,058 ............................ .......................... ..........5.750 ..........6.229 JJ....... ...........303,186 ...........657,513 08/11/2006. 01/15/2016.<br />
32485* AC 1 FIRST NATL BANK OF COMMERCE SE........................................... ....... .. ........... ......2 ............5,506,687 ......115.620 ............5,310,598 ............4,593,148 ............5,072,736 .......................... ..........(139,466) ............................ .......................... ........12.030 ..........8.165 MN..... .............92,093 ...........552,556 06/28/2007. 05/01/2014.<br />
32485* AB 3 FIRST NATL BK COM(BK ONE)SER B.............................................. ....... .. ........... ......2 ............4,658,299 ......107.808 ............4,493,976 ............4,168,500 ............4,302,214 .......................... ............(86,055) ............................ .......................... ........12.010 ..........9.493 MN..... .............83,439 ...........500,637 10/23/2003. 11/01/2010.<br />
335867 F# 9 FIRST OMNI BANK NA AMSOUTH TR.............................................. ....... .. ........... ......1 ............2,504,179 ........63.682 ............1,630,456 ............2,560,308 ............2,528,233 .......................... ...............4,312 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............84,657 ...........170,261 01/14/1999. 01/02/2021.<br />
335867 G* 2 FIRST OMNI BANK NA AMSOUTH TR.............................................. ....... .. ........... ......1 ............1,150,224 ........63.734 ...............749,291 ............1,175,654 ............1,160,985 .......................... ...............1,945 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............38,873 .............78,181 01/14/1999. 01/02/2021.<br />
335867 G# 8 FIRST OMNI BANK NA AMSOUTH TR.............................................. ....... .. ........... ......1 ............2,776,836 ........63.734 ............1,812,575 ............2,843,968 ............2,805,243 .......................... ...............5,122 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............94,037 ...........189,124 01/14/1999. 01/02/2021.<br />
335867 G@ 0 FIRST OMNI BANK NA AMSOUTH TR.............................................. ....... .. ........... ......1 ............1,436,427 ........63.592 ...............933,677 ............1,468,230 ............1,449,788 .......................... ...............2,406 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............48,547 .............97,637 01/14/1999. 01/02/2021.<br />
335867 H* 1 FIRST OMNI BANK NA AMSOUTH TR.............................................. ....... .. ........... ......1 ...............729,004 ........63.502 ...............473,167 ...............745,121 ...............735,812 .......................... ...............1,228 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............24,638 .............49,551 01/14/1999. 01/02/2021.<br />
335867 E* 4 FIRST OMNI BANK NA ICX TR 98A-................................................. ....... .. ........... ......1 ............3,343,431 ........64.973 ............2,220,216 ............3,417,136 ............3,377,678 .......................... ...............6,121 ............................ .......................... ..........6.650 ..........6.650 JJ....... ...........112,989 ...........227,240 12/23/1998. 07/02/2020.<br />
335867 E# 0 FIRST OMNI BANK NA ICX TR 98A-................................................. ....... .. ........... ......1 ...............783,589 ........63.691 ...............509,925 ...............800,624 ...............791,168 .......................... ...............1,372 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............26,473 .............53,241 12/23/1998. 07/02/2020.<br />
335867 E@ 2 FIRST OMNI BANK NA ICX TR 98A-................................................. ....... .. ........... ......1 ............2,678,728 ........63.957 ............1,750,693 ............2,737,296 ............2,705,259 .......................... ...............4,757 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............90,509 ...........182,032 12/23/1998. 01/02/2020.<br />
335867 F* 3 FIRST OMNI BANK NA ICX TR 98A-................................................. ....... .. ........... ......1 ...............721,446 ........64.223 ...............473,508 ...............737,288 ...............728,504 .......................... ...............1,302 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............24,379 .............49,029 12/23/1998. 07/02/2020.<br />
335867 F@ 1 FIRST OMNI BANK NA NICHIMEN TR.............................................. ....... .. ........... ......1 ............1,612,741 ........62.601 ............1,031,726 ............1,648,098 ............1,628,085 .......................... ...............2,765 ............................ .......................... ..........6.650 ..........6.650 JJ....... .............54,495 ...........109,599 12/23/1998. 07/02/2020.<br />
33604* AA 9 FIRST PARTNERS LP IV MANHEIM P.............................................. ....... .. .........3 ......2 ............1,451,111 ......100.175 ............1,285,344 ............1,283,099 ............1,283,106 .......................... ...................(21) ............................ .......................... ..........6.600 ..........6.697 JJ....... .............42,816 .............84,923 01/03/2000. 01/01/2010.<br />
33632* UB 1 FIRST SECURITY BANK OF UTAH PT............................................. ....... .. ........... ......2 ..........12,142,824 ......105.750 ..........12,841,036 ..........12,142,824 ..........12,142,824 .......................... .......................... ............................ .......................... ..........8.190 ..........8.190 MON.. .............58,012 ...........994,497 06/01/2000. 01/10/2023.<br />
33632* DJ 3 FIRST SECURITY BK UTAH SEC LN............................................... ....... .. ........... ......1 ...............253,993 ......108.012 ...............201,355 ...............186,419 ...............198,730 .......................... ............(12,544) ............................ .......................... ........10.310 ..........6.715 MS..... ...............4,965 ...............1,083 01/01/1998. 03/28/2010.<br />
33632* TW 7 FIRST SECURITY BNK OF UT 1999.................................................. ....... .. ........... ......2 ..........11,734,255 ......101.220 ..........11,877,412 ..........11,734,255 ..........11,734,255 .......................... .......................... ............................ .......................... ..........7.650 ..........7.650 MON.. .............52,364 ...........897,671 07/26/1999. 01/10/2023.<br />
337158 AD 1 FIRST TENNESSEE BANK SUB NTS................................................ ....... .. ........... .2FE ..........30,178,050 ........65.097 ..........19,529,100 ..........30,000,000 ..........30,119,794 .......................... ............(16,783) ............................ .......................... ..........5.050 ..........4.974 JJ....... ...........698,583 ........1,515,000 03/23/2005. 01/15/2015.<br />
33716M AA 5 FIRST TENNESSEE BANK SUB NTS................................................ ....... .. ........... .2FE ..........26,168,776 ........74.360 ..........19,590,142 ..........26,345,000 ..........26,250,928 .......................... .............18,031 ............................ .......................... ..........4.625 ..........4.715 MN..... ...........155,692 ........1,218,456 04/27/2004. 05/15/2013.<br />
337358 BA 2 FIRST UNION CORP SUB DEBS....................................................... ....... .. ........... .1FE ............5,090,950 ........90.238 ............4,511,900 ............5,000,000 ............5,082,937 .......................... ..............(1,017) ............................ .......................... ..........7.500 ..........7.357 AO...... .............79,167 ...........375,000 08/29/1996. 04/15/2035.<br />
33738M AC 5 FIRST UNION NATL............................................................................ ....... .. ........... .1FE ............................. ......100.000 ............................. ............................. ............................. .......................... .............14,337 ............................ .......................... ..........5.800 ................... JD...... .......................... .......................... 10/29/1999. 12/01/2008.<br />
319477 AF 2 FIRST-CITIZENS BANK/TRUST SUB................................................ ....... .. .........1 .2FE ..........20,018,150 ......114.147 ..........22,829,400 ..........20,000,000 ..........20,011,701 .......................... ..............(1,539) ............................ .......................... ..........5.125 ..........5.114 MS..... ...........259,097 ........1,025,000 06/02/2005. 06/01/2015.<br />
33761N A* 0 FIRSTSERVICE INC SEC................................................................... ....... I. ........... ......2 ..........20,000,000 ........92.003 ..........18,400,600 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.440 ..........5.440 AO...... ...........272,000 ........1,088,000 04/04/2005. 04/01/2015.<br />
33903* DA 4 FLEET NATIONAL BANK NOVA CHEM............................................ ....... .. ........... ......3 ............6,470,106 ........75.973 ............4,915,534 ............6,470,106 ............6,470,106 .......................... .......................... ............................ .......................... ..........8.260 ..........8.260 MS..... ...........139,546 ...........534,374 11/20/1996. 03/27/2016.<br />
33903* DH 9 FLEET NATIONAL BANK NOVA CHEM-........................................... ....... .. ........... ......3 ............5,424,644 ........84.122 ............4,563,319 ............5,424,644 ............5,424,644 .......................... .......................... ............................ .......................... ..........7.860 ..........7.860 MS..... ...........111,332 ...........426,377 06/18/1997. 09/27/2016.<br />
33903* CW 7 FLEET NATL BK-TRUSTEE BUNGE NA........................................... ....... .. ........... ......2 ............2,599,185 ........86.583 ............2,214,939 ............2,558,168 ............2,581,245 .......................... ..............(4,213) ............................ .......................... ..........7.860 ..........7.637 MJSD. .............52,571 ...........202,687 06/16/2004. 03/30/2017.<br />
Q3915# AD 8 FLETCHER BLDG INTL LP SER B GT............................................... ....... D .........3 ......2 ..........24,835,672 ........92.927 ..........23,391,279 ..........25,171,671 ..........24,835,672 .......................... .....................(1) ............................ .......(8,496,455) ..........9.710 ..........5.100 AO...... ...........334,101 ........2,494,575 04/30/2007. 10/27/2015.<br />
NZD COST = 43,072,506.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
NZD PAR = 43,072,505................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
302508 BA 3 FMR CORP NTS 144A W/O RR......................................................... ....... .. ........... .1FE ..........14,992,800 ........91.947 ..........13,792,050 ..........15,000,000 ..........14,996,633 .......................... ..................714 ............................ .......................... ..........4.750 ..........4.756 MS..... ...........237,500 ...........712,500 02/24/2003. 03/01/2013.<br />
302508 AM 8 FMR CORP 144A DB.......................................................................... ....... .. ........... .1FE ............1,075,750 ........96.690 ...............966,900 ............1,000,000 ............1,055,234 .......................... ..............(3,541) ............................ .......................... ..........7.490 ..........6.745 JD...... ...............3,329 .............74,900 12/20/2001. 06/15/2019.<br />
302508 AQ 9 FMR CORP 144A DB.......................................................................... ....... .. ........... .1FE ..........12,768,035 ........96.459 ..........11,599,195 ..........12,025,000 ..........12,688,580 .......................... ............(14,889) ............................ .......................... ..........7.570 ..........7.050 JD...... .............40,457 ...........910,293 06/19/2002. 06/15/2029.<br />
G3616# AA 7 FOOD HOLDINGS LIMITED CL A1 NO.............................................. ....... F ........... ......6 ...............195,210 ................... ............................. ............2,000,000 ............................. .......................... .......................... ............................ .......................... ..........8.430 ........53.328 JD...... .......................... .......................... 12/17/1999. 01/31/2004.<br />
34487* AA 9 FOOTBALL CLUB TERM NOTE 2018 T............................................. ....... .. ........... .1FE ..........18,000,000 ........96.338 ..........17,340,840 ..........18,000,000 ..........18,000,000 .......................... .......................... ............................ .......................... ..........6.110 ..........6.110 O........ ...........164,306 .......................... 11/12/2008. 11/12/2018.<br />
34486# AA 6 FOOTBALL CLUB TERM NOTES 2014............................................. ....... .. ........... ......1 ............5,000,000 ......101.747 ............5,087,350 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.050 ..........5.050 O........ .............61,722 ...........257,410 04/07/2004. 10/05/2014.
E10.47<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
34486@ AA 8 FOOTBALL CLUB TERM NTS 2015 TR............................................. ....... .. ........... ......1 ............5,000,000 ........96.542 ............4,827,100 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.240 ..........5.240 O........ .............62,589 ...........267,094 11/21/2005. 11/05/2015.<br />
345370 BW 9 FORD MOTOR CO DBS..................................................................... ....... .. ........... .6FE ............5,875,460 ........21.000 ............1,470,000 ............7,000,000 ............1,470,000 .......(4,306,546) ...............1,546 ............................ .......................... ..........9.980 ........27.287 FA...... ...........263,916 ...........698,600 06/05/1998. 02/15/2047.<br />
345370 C# 5 FORD MOTOR CO TRNCH B TERM LOA......................................... ....... .. .......23 .4FE ............6,897,310 ........41.500 ............2,859,157 ............6,889,535 ............6,895,757 .......................... .................(781) ............................ .......................... ..........5.470 ..........2.981 MON.. .............34,302 ...........557,421 07/06/2007. 12/15/2013.<br />
345402 R9 4 FORD MOTOR CREDIT...................................................................... ....... .. .........1 .5FE ............2,500,000 ........41.990 ............1,049,750 ............2,500,000 ............2,500,000 .......................... .......................... ............................ .......................... ..........7.350 ..........7.350 MN..... .............27,563 ...........183,750 10/27/1997. 11/07/2011.<br />
345397 TS 2 FORD MOTOR CREDIT CORP DBS.................................................. ....... .. ........... .5FE ..........18,177,080 ........76.046 ..........13,688,280 ..........18,000,000 ..........18,048,724 .......................... ............(20,954) ............................ .......................... ..........7.375 ..........7.233 FA...... ...........553,125 ........1,327,500 04/10/2001. 02/01/2011.<br />
345397 SG 9 FORD MOTOR CREDIT GLOBAL SR NT.......................................... ....... .. ........... .5FE ...............955,200 ........99.717 ...............997,170 ............1,000,000 ...............999,261 .......................... .............21,300 ............................ .......................... ..........5.800 ..........8.059 JJ....... .............27,228 .............58,000 11/01/2006. 01/12/2009.<br />
345370 BU 3 FORD MOTOR DEB............................................................................ ....... .. ........... .6FE ............2,378,720 ........23.000 ...............460,000 ............2,000,000 ...............460,000 .......(1,809,633) ............(12,313) ............................ .......................... ..........9.215 ........37.232 MS..... .............54,266 ...........184,300 06/01/1995. 09/15/2021.<br />
345550 AD 9 FOREST CITY ENTERPRISES INC SR............................................. ....... .. .........1 .4FE ...............551,975 ........35.000 ...............192,500 ...............550,000 ...............550,726 .......................... .................(264) ............................ .......................... ..........7.625 ..........7.579 JD...... ...............3,495 .............41,938 05/15/2003. 06/01/2015.<br />
349631 AD 3 FORTUNE BRANDS INC DB.............................................................. ....... .. ........... .2FE ............1,987,880 ......102.363 ............2,047,260 ............2,000,000 ............1,991,570 .......................... ..................346 ............................ .......................... ..........8.625 ..........8.680 MN..... .............22,042 ...........172,500 01/29/1992. 11/15/2021.<br />
349631 AG 6 FORTUNE BRANDS INC DB.............................................................. ....... .. ........... .2FE ............4,996,665 ........83.270 ............4,538,215 ............5,450,000 ............5,050,646 .......................... ...............8,987 ............................ .......................... ..........6.625 ..........7.336 JJ....... ...........166,490 ...........361,063 06/29/2001. 07/15/2028.<br />
349631 AL 5 FORTUNE BRANDS INC NT.............................................................. ....... .. ........... .2FE ..........26,607,400 ........83.525 ..........22,551,750 ..........27,000,000 ..........26,697,726 .......................... .............33,991 ............................ .......................... ..........5.375 ..........5.568 JJ....... ...........669,188 ........1,451,250 03/29/2006. 01/15/2016.<br />
349631 AM 3 FORTUNE BRANDS INC NT.............................................................. ....... .. ........... .2FE ............6,492,590 ........96.051 ............6,243,315 ............6,500,000 ............6,496,750 .......................... ...............1,473 ............................ .......................... ..........5.125 ..........5.151 JJ....... ...........153,608 ...........333,125 01/05/2006. 01/15/2011.<br />
349631 AN 1 FORTUNE BRANDS INC NT.............................................................. ....... .. ........... .2FE ............9,888,650 ........73.356 ............7,335,600 ..........10,000,000 ............9,893,045 .......................... ...............1,568 ............................ .......................... ..........5.875 ..........5.955 JJ....... ...........270,903 ...........587,500 01/06/2006. 01/15/2036.<br />
350259 AA 5 FOSTERS BREWING GRP LTD 144A B............................................ LS... .. ........... .2FE ..........23,842,466 ........99.246 ..........22,901,015 ..........23,075,000 ..........23,325,769 .......................... ............(91,473) ............................ .......................... ..........6.875 ..........6.389 JD...... .............70,507 ........1,586,406 01/17/2002. 06/15/2011.<br />
302570 AV 8 FPL GROUP CAPITAL INC DEB........................................................ ....... .. ........... .1FE ..........15,087,165 ......101.411 ..........15,313,061 ..........15,100,000 ..........15,092,751 .......................... ...............2,450 ............................ .......................... ..........5.625 ..........5.644 MS..... ...........283,125 ...........849,375 08/15/2006. 09/01/2011.<br />
302570 AJ 5 FPL GROUP CAPITAL INC GTD NT.................................................. LS... .. ........... .1FE ..........16,922,903 ......101.220 ..........16,954,350 ..........16,750,000 ..........16,762,511 .......................... ............(28,705) ............................ .......................... ..........7.375 ..........7.338 JD...... ...........102,943 ........1,235,313 11/20/2001. 06/01/2009.<br />
87266@ AA 2 FPP FUNDING LLC FKA TPC FNDG S.............................................. ....... .. ........... ......2 ............4,238,208 ......101.094 ............4,284,574 ............4,238,208 ............4,238,208 .......................... .......................... ............................ .......................... ..........7.730 ..........7.730 JJ....... ...........137,416 ...........327,614 08/12/1998. 07/31/2015.<br />
99BLFB 9A 3 FR BRAND HLDGS CORP TRNCH B TE........................................... ....... .. .......23 .4FE ............2,973,291 ........59.500 ............1,753,763 ............2,947,500 ............2,967,337 .......................... ..............(3,668) ............................ .......................... ..........5.375 ..........7.160 MON.. .............13,419 ...........236,599 02/09/2007. 02/07/2014.<br />
35177P AL 1 FRANCE TELECOM BDS................................................................... ....... .. .........3 .1FE ..........33,315,193 ......125.549 ..........43,942,150 ..........35,000,000 ..........33,392,694 .......................... .............16,651 ............................ .......................... ..........8.500 ..........8.504 MS..... ...........991,667 ........2,975,000 06/12/2001. 03/01/2031.<br />
35177P AK 3 FRANCE TELECOM NTS................................................................... ....... .. .........3 .1FE ............8,026,125 ......105.230 ............8,425,766 ............8,007,000 ............8,009,575 .......................... ..............(1,172) ............................ .......................... ..........7.750 ..........7.713 MS..... ...........206,848 ...........620,543 02/20/2008. 03/01/2011.<br />
35671D AR 6 FREEPORT MCMORAN COPPER & GOLD...................................... ....... .. .........1 .2FE ............4,000,000 ........85.000 ............3,400,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........8.250 ..........8.250 AO...... .............82,500 ...........330,000 03/14/2007. 04/01/2015.<br />
35687M AM 9 FREESCALE SEMICONDUCTOR INC SR........................................ ....... .. .........1 .4FE ............3,000,000 ........44.000 ............1,320,000 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........8.875 ..........8.875 JD...... .............11,833 ...........266,250 11/16/2006. 12/15/2014.<br />
35687M AP 2 FREESCALE SEMICONDUCTOR INC SR........................................ LS... .. .........1 .4FE ............2,000,000 ........41.000 ...............820,000 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ........10.125 ........10.125 JD...... ...............9,000 ...........202,500 01/12/2007. 12/15/2016.<br />
35687M A* 8 FREESCALE SEMICONDUCTOR INC TR......................................... ....... .. .......23 ......3 ............4,930,625 ........60.333 ............2,956,317 ............4,900,000 ............4,922,919 .......................... ..............(4,377) ............................ .......................... ..........4.869 ..........6.934 MON.. .............27,998 ...........244,589 01/10/2007. 11/10/2013.<br />
99BLFS 9A 6 FRESENIUS MED CARE HLDGS INC T............................................ ....... .. .......23 .2FE ............1,810,467 ........87.000 ............1,572,878 ............1,807,905 ............1,809,302 .......................... .................(716) ............................ .......................... ..........4.185 ..........6.630 MON.. ...............6,408 .............90,294 02/13/2007. 03/31/2011.<br />
D2736# AC 3 FRITZ DRAXLMAIER SER C SR NT.................................................. ....... F ........... ......3 ..........30,000,000 ........88.781 ..........26,634,300 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........5.220 ..........5.220 AO...... ...........365,400 ........1,565,800 04/07/2004. 04/07/2011.<br />
359262 AT 9 FROST NATIONAL BANK INC BD..................................................... ....... .. ........... .1FE ............5,470,579 ........96.339 ............4,816,950 ............5,000,000 ............5,167,685 .......................... ............(58,824) ............................ .......................... ..........6.875 ..........5.465 FA...... ...........143,229 ...........343,750 12/16/2002. 08/01/2011.<br />
302941 AD 1 FTI CONSULTING INC SR NT............................................................ ....... .. .........1 .3FE ............5,541,250 ........86.625 ............4,764,375 ............5,500,000 ............5,522,504 .......................... ..............(8,059) ............................ .......................... ..........7.625 ..........7.482 JD...... .............18,639 ...........419,375 07/13/2006. 06/15/2013.<br />
359694 C# 1 FULLER H B COMPANY SR NTS...................................................... ....... .. ........... ......2 ..........14,370,267 ........99.680 ..........14,114,688 ..........14,160,000 ..........14,156,552 .......................... ...............4,240 ............................ .......................... ..........6.600 ..........6.628 JD...... .............75,284 ...........934,560 09/25/2006. 06/02/2010.<br />
36077B AA 5 FUND AMERICAN COS INC NT......................................................... ....... .. ........... .2FE ..........29,913,111 ........72.779 ..........21,873,001 ..........30,054,000 ..........29,951,602 .......................... .............18,612 ............................ .......................... ..........5.875 ..........5.963 MN..... ...........225,614 ........1,765,673 05/09/2008. 05/15/2013.<br />
36318M AB 8 GALAXY ENTMT FIN CO LTD FLTG R.............................................. ....... .. 1 3...... .4FE ............3,000,000 ........53.000 ............1,590,000 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........8.133 ..........9.655 JD...... .............10,844 ...........269,428 12/07/2005. 12/15/2010.<br />
36318M AA 0 GALAXY ENTMT FIN CO LTD SR GTD............................................. ....... .. .........1 .4FE ..........15,631,063 ........44.000 ............6,589,000 ..........14,975,000 ..........15,365,043 .......................... ..........(111,013) ............................ .......................... ..........9.875 ..........8.970 JD...... .............65,724 ........1,478,781 12/12/2006. 12/15/2012.<br />
364725 AC 5 GANNETT CO INC SR NTS................................................................ LS... .. ........... .2FE ..........15,323,350 ........69.970 ..........10,495,500 ..........15,000,000 ..........15,141,098 .......................... ............(39,346) ............................ .......................... ..........6.375 ..........6.047 AO...... ...........239,063 ...........956,250 10/27/2003. 04/01/2012.<br />
36804P AD 8 GATX FINANCIAL CORP SR NTS..................................................... ....... .. .........1 .2FE ............9,986,800 ........92.995 ............9,299,500 ..........10,000,000 ............9,994,622 .......................... ...............1,964 ............................ .......................... ..........6.273 ..........6.297 JD...... .............27,880 ...........627,300 06/16/2004. 06/15/2011.<br />
36804P AF 3 GATX FINL CORP 2005-1 144A PST................................................. ....... .. ........... .1FE ............6,896,941 ........81.350 ............5,578,269 ............6,857,122 ............6,888,461 .......................... ..............(3,033) ............................ .......................... ..........5.697 ..........5.629 JJ....... ...........194,240 ...........390,651 10/18/2005. 01/02/2025.<br />
367905 AB 2 GAYLORD ENTERTAINMENT CO..................................................... LS... .. .........1 .5FE ............1,430,609 ........69.000 ...............948,750 ............1,375,000 ............1,399,087 .......................... ..............(7,323) ............................ .......................... ..........8.000 ..........7.397 MN..... .............14,056 ...........110,000 02/20/2004. 11/15/2013.<br />
368266 AE 2 GAZ CAP SA LUXEMBOURG SER 7 LN........................................... ....... .. ........... .2FE ..........23,022,250 ........66.000 ..........15,180,000 ..........23,000,000 ..........23,019,088 .......................... ..............(1,830) ............................ .......................... ..........6.212 ..........6.198 MN..... ...........154,782 ........1,428,760 03/23/2007. 11/22/2016.<br />
36962G ZY 3 GE ELEC CAP CORP MTN................................................................ ....... .. ........... .1FE ............4,542,705 ......100.716 ............4,532,220 ............4,500,000 ............4,522,627 .......................... ..............(4,897) ............................ .......................... ..........5.450 ..........5.310 JJ....... ...........113,088 ...........245,250 06/17/2004. 01/15/2013.<br />
36158F AA 8 GE GLOBAL INS HLDG CORP BD.................................................... ....... .. ........... .1FE ............3,153,210 ........94.720 ............2,841,600 ............3,000,000 ............3,130,076 .......................... ..............(4,019) ............................ .......................... ..........7.000 ..........6.574 FA...... .............79,333 ...........210,000 01/29/2002. 02/15/2026.<br />
36158F AB 6 GE GLOBAL INS HLDG NTS.............................................................. ....... .. .........1 .1FE ............1,131,313 ........95.238 ............1,190,475 ............1,250,000 ............1,165,700 .......................... ...............5,400 ............................ .......................... ..........6.450 ..........7.406 MS..... .............26,875 .............80,625 12/04/2000. 03/01/2019.<br />
368907 AC 5 GEN AMERICAN TRANSPORTATION CO........................................ ....... .. .........2 .1FE ............2,304,740 ......101.000 ............2,327,787 ............2,304,740 ............2,304,740 .......................... .......................... ............................ .......................... ..........7.500 ..........7.500 FA...... .............58,099 ...........172,855 08/22/1996. 02/28/2015.<br />
36877P AA 6 GENERAL AMERICAN RAILCAR CORP........................................... ....... .. ........... .1FE ............6,410,822 ........80.000 ............5,128,657 ............6,410,822 ............6,410,822 .......................... .......................... ............................ .......................... ..........6.210 ..........6.210 MON.. .............12,165 ...........398,121 09/25/1998. 09/20/2020.<br />
36877Q AA 4 GENERAL AMERICAN RAILCAR III 9................................................ ....... .. ........... .1FE ............9,570,108 ......122.420 ..........11,715,726 ............9,570,108 ............9,570,108 .......................... .......................... ............................ .......................... ..........7.760 ..........7.760 MON.. .............22,692 ...........742,640 09/21/1999. 08/20/2021.<br />
369550 AL 2 GENERAL DYNAMICS CORP GLBL NT............................................ ....... .. ........... .1FE ..........41,320,018 ......102.126 ..........42,229,101 ..........41,350,000 ..........41,344,239 .......................... ...............3,098 ............................ .......................... ..........4.500 ..........4.508 FA...... ...........702,950 ........1,860,750 07/30/2004. 08/15/2010.<br />
369550 AK 4 GENERAL DYNAMICS CORP NT...................................................... ....... .. ........... .1FE ..........14,354,450 ........99.995 ..........14,999,250 ..........15,000,000 ..........14,662,443 .......................... .............67,237 ............................ .......................... ..........4.250 ..........4.824 MN..... .............81,458 ...........637,500 04/20/2004. 05/15/2013.<br />
36962G YY 4 GENERAL ELECTRIC CAP CORP GLBL.......................................... ....... .. ........... .1FE ..........18,314,920 ......102.605 ..........18,725,413 ..........18,250,000 ..........18,288,931 .......................... ............(10,134) ............................ .......................... ..........6.000 ..........5.929 JD...... .............48,667 ........1,095,000 11/01/2006. 06/15/2012.<br />
36962G D2 7 GENERAL ELECTRIC CAP CORP GLOB......................................... ....... .. ........... .1FE ...............249,375 ........99.745 ...............249,363 ...............250,000 ...............249,948 .......................... ..................110 ............................ .......................... ..........3.250 ..........3.296 JD...... ..................361 ...............8,125 06/02/2003. 06/15/2009.<br />
36962G K8 6 GENERAL ELECTRIC CAP CORP MTN............................................ ....... .. ........... .1FE ............7,949,120 ........98.033 ............7,842,640 ............8,000,000 ............7,968,023 .......................... ...............4,759 ............................ .......................... ..........4.750 ..........4.831 MS..... ...........111,889 ...........380,000 09/14/2004. 09/15/2014.<br />
36962G P6 5 GENERAL ELECTRIC CAP CORP MTN............................................ ....... .. ........... .1FE ............1,998,110 ........97.404 ............1,948,080 ............2,000,000 ............1,998,725 .......................... ..................172 ............................ .......................... ..........4.875 ..........4.887 MS..... .............31,688 .............97,500 03/04/2005. 03/04/2015.<br />
36962G W5 9 GENERAL ELECTRIC CAP CORP MTN............................................ ....... .. ........... .1FE .................50,560 ......102.218 .................51,109 .................50,000 .................50,360 .......................... .................(142) ............................ .......................... ..........5.500 ..........5.167 AO...... ..................481 ...............2,750 07/27/2007. 04/28/2011.<br />
36962G XS 8 GENERAL ELECTRIC CAP CORP MTN............................................ LS... .. ........... .1FE ..........31,293,914 ......102.811 ..........32,899,520 ..........32,000,000 ..........31,725,605 .......................... .............76,690 ............................ .......................... ..........5.875 ..........6.179 FA...... ...........710,222 ........1,880,000 03/21/2002. 02/15/2012.<br />
36962G 3P 7 GENERAL ELECTRIC CAP CORP MTN............................................ ....... .. ........... .1FE ..........28,034,286 ........97.886 ..........28,391,834 ..........29,005,000 ..........28,044,987 .......................... .............10,701 ............................ .......................... ..........5.875 ..........6.120 JJ....... ...........790,487 ...........851,875 10/01/2008. 01/14/2038.<br />
36962G 3U 6 GENERAL ELECTRIC CAP CORP MTN............................................ ....... .. ........... .1FE ..........32,878,726 ......100.725 ..........33,274,504 ..........33,035,000 ..........32,890,146 .......................... .............11,420 ............................ .......................... ..........5.625 ..........5.683 MN..... ...........309,703 ...........505,727 12/23/2008. 05/01/2018.
E10.48<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
36962G XZ 2 GENERAL ELECTRIC CAP CORP TR 5............................................ ....... .. ........... .1FE ..........23,970,058 ......106.323 ..........24,666,936 ..........23,200,000 ..........23,908,710 .......................... ............(14,166) ............................ .......................... ..........6.750 ..........6.488 MS..... ...........461,100 ........1,566,000 08/28/2003. 03/15/2032.<br />
36962G 3A 0 GENERAL ELECTRIC CAP CORP TR 7............................................ ....... .. ........... .1FE ............4,985,050 ......100.262 ............5,013,100 ............5,000,000 ............4,985,305 .......................... ..................185 ............................ .......................... ..........6.150 ..........6.172 FA...... ...........123,000 ...........307,500 08/02/2007. 08/07/2037.<br />
369604 AY 9 GENERAL ELECTRIC CO NT............................................................ ....... .. ........... .1FE ..........13,918,190 ......101.129 ..........14,158,060 ..........14,000,000 ..........13,953,902 .......................... ...............9,911 ............................ .......................... ..........5.000 ..........5.090 FA...... ...........291,667 ...........700,000 03/29/2005. 02/01/2013.<br />
369856 AF 6 GENERAL FOODS CORP DB............................................................ ....... .. ........... .2FE ..........10,634,946 ........99.849 ..........11,682,333 ..........11,700,000 ..........11,445,033 .......................... .............88,285 ............................ .......................... ..........7.000 ..........7.982 JD...... .............36,400 ...........819,000 04/24/2003. 06/15/2011.<br />
370334 AS 3 GENERAL MILLS INC NT................................................................... ....... .. ........... .2FE ..........10,774,500 ......103.737 ..........10,373,700 ..........10,000,000 ..........10,334,077 .......................... ............(96,872) ............................ .......................... ..........6.000 ..........4.834 FA...... ...........226,667 ...........600,000 01/15/2004. 02/15/2012.<br />
370334 BE 3 GENERAL MILLS INC NT................................................................... ....... .. ........... .2FE .................13,763 ......102.074 .................15,311 .................15,000 .................13,814 .......................... ....................52 ............................ .......................... ..........5.650 ..........8.169 MS..... ..................261 .......................... 10/17/2008. 09/10/2012.<br />
37045G AB 9 GENERAL MOTORS CORP TR SER 91-.......................................... ....... .. ........... .6FE ............1,879,076 ........20.000 ...............258,798 ............1,293,992 ...............258,798 .......(1,035,716) ............(12,898) ............................ .......................... ..........8.950 ..........8.820 JJ....... .............57,584 ...........115,812 04/20/1995. 07/02/2009.<br />
369622 DN 2 GENL ELEC CAPITAL CORP SUB NTS............................................ ....... .. ........... .1FE ............4,268,745 ......106.270 ............4,144,530 ............3,900,000 ............4,011,810 .......................... ............(28,347) ............................ .......................... ..........8.125 ..........7.154 MN..... .............40,490 ...........316,875 06/01/1995. 05/15/2012.<br />
372460 A@ 4 GENUINE PARTS CO SER B SR NTS.............................................. ....... .. ........... ......1 ..........26,040,000 ......103.039 ..........26,831,356 ..........26,040,000 ..........26,040,000 .......................... .......................... ............................ .......................... ..........6.230 ..........6.230 MN..... ...........139,697 ........1,622,292 11/30/2001. 11/30/2011.<br />
000000 00 0 GEO GROUP INC (THE) TRNCH B TE.............................................. ....... .. .......23 .3FE ............3,046,572 ........86.000 ............2,616,020 ............3,041,884 ............3,045,431 .......................... .................(819) ............................ .......................... ..........2.940 ..........6.832 MON.. .............35,090 ...........144,343 02/05/2007. 01/24/2014.<br />
373298 BE 7 GEORGIA PACIFIC CORP DB........................................................... LS... .. ........... .4FE ............5,577,000 ........94.500 ............4,914,000 ............5,200,000 ............5,411,515 .......................... ............(62,112) ............................ .......................... ..........9.500 ..........7.908 JD...... .............41,167 ...........494,000 02/15/2006. 12/01/2011.<br />
373298 BU 1 GEORGIA PACIFIC CORP NT........................................................... ....... .. ........... .4FE ............5,906,250 ........69.000 ............3,450,000 ............5,000,000 ............5,861,568 .......................... ............(14,998) ............................ .......................... ..........8.875 ..........7.300 MN..... .............56,701 ...........443,750 10/05/2005. 05/15/2031.<br />
373298 BV 9 GEORGIA PACIFIC CORP SR NT..................................................... LS... .. .........1 .4FE ............1,287,244 ........94.000 ............1,175,000 ............1,250,000 ............1,264,299 .......................... ..............(5,667) ............................ .......................... ..........8.125 ..........7.572 MN..... .............12,977 ...........101,563 02/24/2004. 05/15/2011.<br />
373298 CF 3 GEORGIA PACIFIC CORP SR NT..................................................... ....... .. ........... .4FE ............6,807,500 ........67.500 ............4,725,000 ............7,000,000 ............6,822,827 .......................... ...............5,771 ............................ .......................... ..........8.000 ..........8.296 JJ....... ...........258,222 ...........560,000 02/15/2006. 01/15/2024.<br />
373298 BM 9 GEORGIA PACIFIC GROUP DB........................................................ ....... .. ........... .4FE ............3,911,920 ........76.000 ............3,040,000 ............4,000,000 ............3,956,194 .......................... ...............5,026 ............................ .......................... ..........7.700 ..........7.918 JD...... .............13,689 ...........308,000 07/26/1995. 06/15/2015.<br />
361652 A* 1 GFI GROUP INC SR SEC NT............................................................. ....... .. .........3 ......3 ..........26,022,000 ........90.717 ..........23,132,835 ..........25,500,000 ..........25,954,917 .......................... ............(67,083) ............................ .......................... ..........7.442 ..........7.170 JJ....... ...........873,850 ...........914,175 01/30/2008. 01/30/2013.<br />
377372 AA 5 GLAXOSMITHKLINE CAP INC GTD NT............................................ ....... .. ........... .1FE ...................4,790 ........98.073 ...................4,904 ...................5,000 ...................4,798 .......................... ......................9 ............................ .......................... ..........4.375 ..........5.257 AO...... ....................46 ..................109 09/22/2008. 04/15/2014.<br />
377372 AC 1 GLAXOSMITHKLINE CAP INC GTD NT............................................ ....... .. ........... .1FE .................29,937 ......100.306 .................30,092 .................30,000 .................29,944 .......................... ......................7 ............................ .......................... ..........4.850 ..........4.898 MN..... ..................186 ..................736 05/06/2008. 05/15/2013.<br />
377372 AD 9 GLAXOSMITHKLINE CAP INC GTD NT............................................ ....... .. ........... .1FE ..........34,300,691 ......105.033 ..........35,732,227 ..........34,020,000 ..........34,292,562 .......................... ..............(8,129) ............................ .......................... ..........5.650 ..........5.559 MN..... ...........245,606 ...........971,744 09/05/2008. 05/15/2018.<br />
377372 AE 7 GLAXOSMITHKLINE CAP INC GTD NT............................................ ....... .. ........... .1FE ..........61,945,970 ......112.984 ..........70,050,080 ..........62,000,000 ..........61,946,186 .......................... ..................216 ............................ .......................... ..........6.375 ..........6.380 MN..... ...........505,042 ........1,998,209 08/27/2008. 05/15/2038.<br />
37930E AA 4 GLITNIR BANKI HF AMORTIZING SR............................................... ....... .. ........... .5FE ...............600,000 ..........5.000 ...............600,000 ..........12,000,000 ...............600,000 .......................... .......................... .........11,400,000 .......................... ..........6.310 ..........6.310 JJ....... ...............6,310 ...........757,200 07/21/2006. 07/28/2011.<br />
37930E AG 1 GLITNIR BANKI HF SR NT 144A........................................................ ....... .. ........... .6FE ...............926,559 ..........5.000 ...............875,000 ..........17,500,000 ...............875,000 .......................... ............(51,559) .........16,923,441 .......................... ..........7.320 ..........7.320 JJ....... ...........608,475 ...........640,500 01/10/2008. 01/10/2013.<br />
379352 AL 1 GLOBAL MARINE INC NT.................................................................. ....... .. ........... .2FE ..........21,740,010 ........88.432 ..........16,802,080 ..........19,000,000 ..........21,441,827 .......................... ............(66,047) ............................ .......................... ..........7.000 ..........5.881 JD...... ...........110,833 ........1,330,000 01/20/2004. 06/01/2028.<br />
37943T AB 4 GLOBALSANTAFE CORP SR NT...................................................... ....... .. ........... .2FE ..........32,023,440 ........91.127 ..........29,160,640 ..........32,000,000 ..........32,126,684 .......................... ............(27,124) ............................ .......................... ..........5.000 ..........4.988 FA...... ...........604,444 ........1,600,000 11/18/2003. 02/15/2013.<br />
36186C AC 7 GMAC LLC DB.................................................................................... ....... .. .........1 .6FE ..........10,356,276 ........78.151 ..........11,722,650 ..........15,000,000 ..........11,722,650 .......................... ...........206,207 ..............484,027 .......................... ..........6.000 ..........7.732 AO...... ...........225,000 ...........900,000 07/12/2000. 04/01/2011.<br />
36186C AE 3 GMAC LLC DEFD INT DB................................................................... ....... .. ........... .6FE ..........11,135,230 ........16.882 ..........15,869,080 ..........94,000,000 ..........15,869,080 .....(36,023,531) ........4,560,733 ............................ .......................... ................... ........30.793 NONE .......................... .......................... 04/24/1992. 06/15/2015.<br />
38141G EA 8 GOLDMAN SACHS GROUP INC....................................................... ....... .. ........... .1FE ............3,970,180 ........91.746 ............3,669,840 ............4,000,000 ............3,979,947 .......................... ...............2,750 ............................ .......................... ..........5.125 ..........5.222 JJ....... .............94,528 ...........205,000 04/07/2005. 01/15/2015.<br />
38141G CU 6 GOLDMAN SACHS GROUP INC GLBL B.......................................... ....... .. ........... .1FE ..........11,429,770 ........91.166 ..........10,028,260 ..........11,000,000 ..........11,392,102 .......................... ..............(7,729) ............................ .......................... ..........6.125 ..........5.843 FA...... ...........254,528 ...........673,750 08/28/2003. 02/15/2033.<br />
38141G CG 7 GOLDMAN SACHS GROUP INC GLBL N.......................................... ....... .. ........... .1FE .................30,738 ........95.354 .................33,374 .................35,000 .................30,939 .......................... ..................201 ............................ .......................... ..........5.700 ..........9.503 MS..... ..................665 .......................... 12/15/2008. 09/01/2012.<br />
38141G DQ 4 GOLDMAN SACHS GROUP INC GLBL N.......................................... ....... .. ........... .1FE ............5,763,330 ........91.865 ............5,282,238 ............5,750,000 ............5,756,837 .......................... ..............(1,239) ............................ .......................... ..........5.250 ..........5.221 AO...... .............63,729 ...........301,875 07/30/2004. 10/15/2013.<br />
38141G DK 7 GOLDMAN SACHS GROUP INC NT.................................................. ....... .. ........... .1FE ..........26,167,646 ........89.865 ..........23,724,360 ..........26,400,000 ..........26,262,237 .......................... .............26,254 ............................ .......................... ..........4.750 ..........4.879 JJ....... ...........578,233 ........1,254,000 11/01/2006. 07/15/2013.<br />
38141G FG 4 GOLDMAN SACHS GROUP INC NT.................................................. ....... .. ........... .1FE ...................3,336 ........94.817 ...................3,793 ...................4,000 ...................3,349 .......................... ....................13 ............................ .......................... ..........5.950 ..........8.571 JJ....... ..................108 .......................... 09/23/2008. 01/18/2018.<br />
38141G FD 1 GOLDMAN SACHS GROUP INC SB.................................................. ....... .. ........... .1FE ............5,140,478 ........81.187 ............4,062,597 ............5,004,000 ............5,138,576 .......................... ..............(1,564) ............................ .......................... ..........6.750 ..........6.541 AO...... .............84,443 ...........335,894 10/03/2007. 10/01/2037.<br />
38141G ER 1 GOLDMAN SACHS GROUP INC SR GLB......................................... ....... .. ........... .1FE ............1,993,160 ........93.706 ............1,874,120 ............2,000,000 ............1,994,390 .......................... ..................559 ............................ .......................... ..........5.750 ..........5.795 AO...... .............28,750 ...........115,000 09/14/2006. 10/01/2016.<br />
38141G BU 7 GOLDMAN SACHS GROUP INC SR NT............................................ ....... .. ........... .1FE ..........22,082,514 ........98.667 ..........21,706,740 ..........22,000,000 ..........22,032,326 .......................... ..............(9,340) ............................ .......................... ..........6.600 ..........6.545 JJ....... ...........669,533 ........1,452,000 02/15/2002. 01/15/2012.<br />
38141G FM 1 GOLDMAN SACHS GROUP INC SR NT............................................ ....... .. ........... .1FE .................23,387 ........96.096 .................24,024 .................25,000 .................23,409 .......................... ....................22 ............................ .......................... ..........6.150 ..........7.063 AO...... ..................384 ..................461 10/17/2008. 04/01/2018.<br />
38143U AA 9 GOLDMAN SACHS GROUP INC SR NT............................................ ....... .. ........... .1FE ............1,990,480 ........99.959 ............1,999,180 ............2,000,000 ............1,999,908 .......................... ...............2,159 ............................ .......................... ..........3.875 ..........3.985 JJ....... .............35,736 .............77,500 04/16/2004. 01/15/2009.<br />
38141G AA 2 GOLDMAN SACHS GROUP LP......................................................... ....... .. ........... .1FE ............5,154,550 ......100.338 ............5,016,900 ............5,000,000 ............5,009,844 .......................... ............(25,190) ............................ .......................... ..........6.650 ..........6.110 MN..... .............42,486 ...........332,500 03/05/2002. 05/15/2009.<br />
38142E AE 8 GOLDMAN SACHS GROUP LP 144 A W.......................................... ....... .. ........... .1FE ............4,047,680 ........95.365 ............3,814,600 ............4,000,000 ............4,018,558 .......................... ..............(3,633) ............................ .......................... ..........8.000 ..........7.867 MS..... ...........106,667 ...........320,000 10/20/1999. 03/01/2013.<br />
38143U AW 1 GOLDMAN SACHS GROUP NTS...................................................... ....... .. ........... .1FE ............9,994,100 ........89.408 ............8,940,800 ..........10,000,000 ............9,996,549 .......................... ..................506 ............................ .......................... ..........5.000 ..........5.008 AO...... ...........125,000 ...........500,000 10/28/2004. 10/01/2014.<br />
38141M MP 3 GOLDMAN SACHS GROUP 144A W/O R......................................... ....... .. ........... .1FE ............9,938,600 ........99.900 ............9,990,000 ..........10,000,000 ............9,998,744 .......................... ...............7,918 ............................ .......................... ..........6.500 ..........6.586 FA...... ...........227,500 ...........650,000 04/05/1999. 02/25/2009.<br />
38144L AA 8 GOLDMAN SACHS GRP CMS SPREAD N....................................... ....... .. 1 3...... .1FE ..........50,000,000 ........90.620 ..........45,310,000 ..........50,000,000 ..........50,000,000 .......................... .......................... ............................ .......................... ..........8.000 ..........8.000 MJSD. ...........111,111 ........4,000,000 06/07/2007. 06/21/2017.<br />
38214* CF 7 GOOD WILL CO INC SER B GTD MTN............................................. ....... .. ........... ......2 ............3,658,473 ......110.270 ............3,229,824 ............2,929,014 ............3,010,702 .......................... ............(46,943) ............................ .......................... ........10.270 ..........7.780 MS..... ...........100,270 ...........300,810 02/13/1997. 03/01/2011.<br />
36218# AA 6 GPI PROPERTIES 1995 LLC SECD N............................................... ....... .. ........... ......2 ..........11,156,706 ........88.836 ............9,911,172 ..........11,156,706 ..........11,156,706 .......................... .......................... ............................ .......................... ..........7.490 ..........7.490 MS..... ...........278,546 ...........835,637 04/08/1996. 03/01/2016.<br />
000000 00 0 GRACEWAY PHARM LLC TRNCH B 1ST......................................... ....... .. .......23 .3FE ............4,561,816 ........65.500 ............2,988,437 ............4,562,500 ............4,561,926 .......................... ....................72 ............................ .......................... ..........8.060 ..........8.063 MON.. .............92,599 ...........289,683 07/02/2007. 12/31/2014.<br />
386088 AB 4 GRAND METROPOLITAN INV CORP GT......................................... ....... .. ........... .1FE ..........13,475,603 ......107.723 ..........12,362,291 ..........11,476,000 ..........12,128,656 .......................... ..........(222,946) ............................ .......................... ..........9.000 ..........6.593 FA...... ...........390,184 ........1,032,840 01/10/2002. 08/15/2011.<br />
386088 AH 1 GRAND METROPOLITAN INVT CORP G......................................... ....... .. ........... .1FE ..........29,576,320 ......106.147 ..........27,598,220 ..........26,000,000 ..........29,228,762 .......................... ............(47,472) ............................ .......................... ..........7.450 ..........6.457 AO...... ...........408,922 ........1,937,000 09/24/2002. 04/15/2035.<br />
388608 AA 9 GRAPEVINE FIN LLC SR SEC NON-R.............................................. ....... .. ........... .2FE ..........58,506,176 ........85.496 ..........49,031,956 ..........57,350,000 ..........58,388,747 .......................... ............(52,428) ............................ .......................... ..........6.712 ..........6.499 JJ....... ........1,787,941 ........3,859,878 08/10/2006. 07/15/2021.<br />
38869P AB 0 GRAPHIC PACKAGING INTL CORP SR........................................... ....... .. .........1 .4FE ...............625,563 ........83.500 ...............521,875 ...............625,000 ...............625,114 .......................... .................(170) ............................ .......................... ..........8.500 ..........8.479 FA...... .............20,069 .............53,125 02/24/2006. 08/15/2011.<br />
390568 AA 1 GREAT LAKES CHEMICAL CORP NT.............................................. ....... .. ........... .4FE ..........39,759,618 ........89.000 ..........34,398,500 ..........38,650,000 ..........38,752,674 .......................... ..........(181,161) ............................ .......................... ..........7.000 ..........6.492 JJ....... ........1,247,536 ........2,705,500 09/17/2002. 07/15/2009.<br />
391164 AB 6 GREAT PLAINS ENERGY INC NT..................................................... ....... .. ........... .2FE ............1,989,680 ........94.826 ............1,896,520 ............2,000,000 ............1,990,633 .......................... ..................761 ............................ .......................... ..........6.875 ..........6.948 MS..... .............40,486 ...........133,681 09/20/2007. 09/15/2017.<br />
000000 00 0 GREENWOOD RACING INC TERM LOAN........................................ ....... .. .......23 .4FE ............1,984,282 ........57.500 ............1,129,875 ............1,965,000 ............1,977,305 .......................... ..............(4,126) ............................ .......................... ..........4.640 ..........7.020 MON.. ...............5,606 ...........108,249 03/01/2007. 10/20/2011.<br />
P4948# AA 4 GRUPO CEMENTOS DE CHIHUAHUA SE....................................... ....... F ........... ......2 ..........17,000,000 ........95.823 ..........16,289,910 ..........17,000,000 ..........17,000,000 .......................... .......................... ............................ .......................... ..........6.740 ..........6.740 JJ....... ...........480,599 ........1,145,800 07/31/2006. 07/31/2016.
E10.49<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
40049J AT 4 GRUPO TELEVISA SA NT................................................................. ....... .. ........... .2FE ..........17,636,445 ........91.568 ..........14,165,570 ..........15,470,000 ..........17,524,474 .......................... ............(35,883) ............................ .......................... ..........8.500 ..........7.288 MS..... ...........401,790 ........1,314,950 08/29/2005. 03/11/2032.<br />
40049J AV 9 GRUPO TELEVISA SA SR NT........................................................... ....... .. ........... .2FE ............2,942,430 ........86.105 ............2,583,150 ............3,000,000 ............2,948,340 .......................... ...............1,707 ............................ .......................... ..........6.625 ..........6.802 MS..... .............56,865 ...........198,750 03/15/2005. 03/18/2025.<br />
40049J AX 5 GRUPO TELEVISA SA SR NT........................................................... ....... .. ........... .2FE ............7,770,507 ........84.090 ............6,559,020 ............7,800,000 ............7,771,889 .......................... ...............1,382 ............................ .......................... ..........6.000 ..........6.097 MN..... .............59,800 ...........237,900 05/06/2008. 05/15/2018.<br />
38141G AZ 7 GS 6.8750 01/15/11............................................................................. ....... .. ........... .1FE ..........15,012,494 ......100.730 ..........15,114,537 ..........15,005,000 ..........15,007,207 .......................... ..............(1,006) ............................ .......................... ..........6.875 ..........6.867 JJ....... ...........475,679 ........1,031,250 12/08/2008. 01/15/2011.<br />
36293Y AD 7 GSC HOLDINGS CORP/GAMESTOP INC......................................... ....... .. .........1 .3FE ............1,655,790 ........93.000 ............1,581,000 ............1,700,000 ............1,672,703 .......................... ...............5,933 ............................ .......................... ..........8.000 ..........8.509 MS..... .............35,133 ...........136,000 12/14/2005. 10/01/2012.<br />
36229K B* 4 GTC TRANSCNTL GRP 2002A TR 1 S.............................................. ....... I. ........... ......2 ..........11,000,000 ........94.833 ..........10,431,630 ..........11,000,000 ..........11,000,000 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 JD...... .............27,476 ...........618,200 12/18/2002. 12/15/2012.<br />
362337 AK 3 GTE NORTH INC SER G DB.............................................................. LS... .. ........... .1FE ..........10,258,820 ........92.838 ..........10,212,180 ..........11,000,000 ..........10,352,337 .......................... .............15,229 ............................ .......................... ..........6.730 ..........7.305 FA...... ...........279,669 ...........740,300 04/09/2001. 02/15/2028.<br />
36120P AB 9 GTL TRADE FIN INC 144A BD........................................................... LS... .. ........... .2FE ............6,443,320 ........83.886 ............5,452,590 ............6,500,000 ............6,448,118 .......................... ...............4,063 ............................ .......................... ..........7.250 ..........7.375 AO...... .............92,941 ...........468,632 10/17/2007. 10/20/2017.<br />
42210* BC 1 H E BUTT GROCERY CO SER B SR N............................................. ....... .. ........... ......1 ............7,000,000 ........87.820 ............6,147,400 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........6.680 ..........6.680 MS..... ...........155,867 ...........467,600 03/17/1999. 03/01/2019.<br />
406216 AW 1 HALLIBURTON CO SR NT................................................................. ....... .. ........... .1FE ..........19,999,800 ......108.172 ..........21,634,400 ..........20,000,000 ..........19,999,801 .......................... ......................1 ............................ .......................... ..........6.700 ..........6.700 MS..... ...........405,722 .......................... 09/09/2008. 09/15/2038.<br />
000000 00 0 HANESBRANDS INC TRNCH B TERM L........................................... ....... .. .......23 .3FE ............3,040,192 ........83.000 ............2,499,923 ............3,011,955 ............3,035,488 .......................... ..............(4,419) ............................ .......................... ..........4.550 ..........7.469 MON.. .............27,413 ...........155,570 02/27/2007. 09/30/2013.<br />
411349 AA 1 HANSON PLC NT................................................................................ ....... .. ........... .3FE ..........13,037,610 ........34.825 ............4,527,250 ..........13,000,000 ..........13,033,229 .......................... ..............(3,480) ............................ .......................... ..........6.125 ..........6.081 FA...... ...........300,806 ...........796,250 01/17/2007. 08/15/2016.<br />
411352 AA 5 HANSON PLC SR UNSUB.................................................................. ....... .. .........1 .3FE ............1,488,585 ........40.386 ...............605,790 ............1,500,000 ............1,497,324 .......................... ...............2,049 ............................ .......................... ..........7.875 ..........7.987 MS..... .............30,844 ...........118,125 09/22/2000. 09/27/2010.<br />
41168* AA 0 HARDEE POWER PARTNERS SER A.............................................. ....... .. ........... ......2 ............5,733,683 ......102.064 ............5,723,918 ............5,608,166 ............5,608,783 .......................... .................(355) ............................ .......................... ..........7.800 ..........7.800 MON.. .............36,453 ...........437,437 01/04/1993. 07/01/2012.<br />
41242* AA 0 HARDWOOD FDG SER A SR SEC NTS........................................... ....... .. ........... ......2 ............7,675,200 ........95.644 ............7,651,520 ............8,000,000 ............7,889,828 .......................... .............71,964 ............................ .......................... ..........4.300 ..........5.310 JD...... .............22,933 ...........344,000 11/09/2005. 06/07/2010.<br />
41242* AD 4 HARDWOOD FUNDING LLC (NBA) SR............................................. ....... .. ........... ......2 ............8,000,000 ........96.758 ............7,740,640 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........5.310 ..........5.310 JD...... .............28,320 ...........424,800 12/09/2005. 12/08/2012.<br />
413627 AW 0 HARRAHS OPER INC GTD SR NT.................................................... ....... .. ........... .5FE ............8,941,410 ........15.500 ............1,395,000 ............9,000,000 ............8,953,540 .......................... ...............3,970 ............................ .......................... ..........5.750 ..........5.826 AO...... ...........129,375 ...........517,500 09/21/2005. 10/01/2017.<br />
413627 AX 8 HARRAHS OPER INC GTD SR NT.................................................... ....... .. ........... .5FE ..........14,870,400 ........15.500 ............2,325,000 ..........15,000,000 ..........14,896,074 .......................... .............10,547 ............................ .......................... ..........6.500 ..........6.620 JD...... .............81,250 ...........975,000 06/02/2006. 06/01/2016.<br />
413627 AU 4 HARRAHS OPERATING INC GTD SR............................................... ....... .. ........... .5FE ............1,496,010 ........17.000 ...............255,000 ............1,500,000 ............1,497,193 .......................... ..................354 ............................ .......................... ..........5.625 ..........5.660 JD...... ...............7,031 .............84,375 05/19/2005. 06/01/2015.<br />
413627 AN 0 HARRAHS OPERATING INC GTD SR N........................................... ....... .. ........... .5FE ............4,747,150 ........22.250 ............1,112,500 ............5,000,000 ............4,850,724 .......................... .............25,097 ............................ .......................... ..........5.375 ..........6.081 JD...... .............11,944 ...........268,750 05/26/2004. 12/15/2013.<br />
413875 AK 1 HARRIS CORP DEL NT...................................................................... ....... .. ........... .2FE ............8,370,768 ........87.285 ............7,331,940 ............8,400,000 ............8,373,139 .......................... ...............2,221 ............................ .......................... ..........5.950 ..........5.997 JD...... .............41,650 ...........494,247 11/30/2007. 12/01/2017.<br />
415905 AB 4 HARRY & DAVID OPERATIONS CORP............................................ ....... .. .........1 .5FE ............1,036,375 ........32.000 ...............336,000 ............1,050,000 ............1,041,115 .......................... ...............1,657 ............................ .......................... ..........9.000 ..........9.249 MS..... .............31,500 .............94,500 03/06/2006. 03/01/2013.<br />
416515 AW 4 HARTFORD FINL SVCS GRP INC JR............................................... ....... .. 1 3...... .2FE .................14,843 ........52.650 ...................7,898 .................15,000 .................14,843 .......................... .......................... ............................ .......................... ..........8.125 ..........8.211 JD...... ....................54 ..................640 06/20/2008. 06/15/2068.<br />
416515 AT 1 HARTFORD FINL SVCS GRP INC SR............................................... ....... .. ........... .1FE ............8,876,059 ........72.847 ............6,483,383 ............8,900,000 ............8,879,491 .......................... ...............1,939 ............................ .......................... ..........5.375 ..........5.410 MS..... ...........140,855 ...........478,375 03/06/2007. 03/15/2017.<br />
416592 AC 7 HARTFORD LIFE INC DB................................................................... ....... .. ........... .1FE ..........18,837,942 ........68.762 ..........12,518,122 ..........18,205,000 ..........18,754,468 .......................... ............(13,730) ............................ .......................... ..........7.650 ..........7.347 JD...... .............61,897 ........1,392,683 07/17/2001. 06/15/2027.<br />
416592 AE 3 HARTFORD LIFE NTS........................................................................ LS... .. ........... .1FE ..........17,246,450 ........64.174 ..........12,193,060 ..........19,000,000 ..........17,380,222 .......................... .............22,615 ............................ .......................... ..........7.375 ..........7.426 MS..... ...........467,083 ........1,401,250 07/06/2001. 03/01/2031.<br />
D3141# AB 2 HAUS CRAMER HLDG KG SER B SR N........................................... ....... F ........... ......2 ..........48,000,000 ........95.598 ..........45,887,040 ..........48,000,000 ..........48,000,000 .......................... .......................... ............................ .......................... ..........6.330 ..........6.330 MN..... ...........430,440 ........3,038,400 05/10/2006. 05/10/2016.<br />
000000 00 0 HAWKER BEECHCRAFT INC TRNCH B........................................... ....... .. .......23 .3FE ............2,270,390 ........53.000 ............1,203,307 ............2,270,390 ............2,270,390 .......................... .......................... ............................ .......................... ..........4.696 ..........7.350 MON.. .............26,801 ...........133,269 03/27/2007. 03/26/2014.<br />
000000 00 0 HAWKER BEECHCRAFT INC TRNCH LC......................................... ....... .. .......23 .3FE ...............132,979 ........53.000 .................70,479 ...............132,979 ...............132,979 .......................... .......................... ............................ .......................... ..........7.350 ..........7.350 MON.. ...............3,079 ...............9,289 03/27/2007. 03/26/2014.<br />
40410* AA 8 HBI BRANDED APPAREL LTD INC 2N.............................................. ....... .. .......23 .4FE ............1,500,000 ........75.000 ............1,125,000 ............1,500,000 ............1,500,000 .......................... .......................... ............................ .......................... ..........6.993 ..........9.150 MON.. .............26,370 ...........111,373 08/23/2006. 04/15/2014.<br />
404119 AE 9 HCA INC NT........................................................................................ ....... .. ........... .5FE ...............904,196 ........82.000 ...............820,000 ............1,000,000 ...............917,370 .......................... .............32,801 ............................ .......................... ..........6.950 ..........5.582 MN..... .............11,583 .............69,500 06/09/2003. 05/01/2012.<br />
404119 AH 2 HCA INC NT........................................................................................ ....... .. .........1 .5FE ............1,673,504 ........63.000 ............1,260,000 ............2,000,000 ............1,759,640 .......................... .............39,943 ............................ .......................... ..........6.750 ..........6.794 JJ....... .............62,250 ...........135,000 07/23/2003. 07/15/2013.<br />
404119 AP 4 HCA INC NT........................................................................................ ....... .. ........... .5FE ...............158,927 ........61.000 ...............122,000 ...............200,000 ...............167,058 .......................... ...............3,802 ............................ .......................... ..........6.375 ..........6.421 JJ....... ...............5,879 .............12,750 11/16/2004. 01/15/2015.<br />
404119 BA 6 HCS INC SR SECD TOGGLE NT....................................................... ....... .. .......12 .4FE ............2,650,000 ........78.000 ............1,950,000 ............2,500,000 ............2,620,186 .......................... ............(25,781) ............................ .......................... ..........9.625 ..........8.139 MN..... .............30,747 ...........240,625 10/29/2007. 11/15/2016.<br />
42217J BF 5 HEALTH CARE PPTY INVS INC MTN............................................... ....... .. ........... .2FE ............8,970,390 ........76.119 ............6,850,710 ............9,000,000 ............8,981,016 .......................... ...............3,934 ............................ .......................... ..........5.625 ..........5.683 FA...... ...........172,969 ...........506,250 02/22/2006. 02/28/2013.<br />
42218S AA 6 HEALTH CARE SERVICES CORP 144A........................................... ....... .. ........... .1FE ............2,257,300 ......106.682 ............2,133,640 ............2,000,000 ............2,125,126 .......................... ............(46,698) ............................ .......................... ..........7.750 ..........5.012 JD...... ...............6,889 ...........155,000 01/06/2006. 06/15/2011.<br />
421924 BF 7 HEALTHSOUTH CORP SR NT........................................................... LS... .. .........1 .5FE ............3,940,200 ........91.750 ............3,670,000 ............4,000,000 ............3,949,962 .......................... ...............4,156 ............................ .......................... ........10.750 ........11.000 JD...... .............19,111 ...........430,000 06/09/2006. 06/15/2016.<br />
421924 B* 1 HEALTHSOUTH CORP TRNCH B TERM.......................................... ....... .. .......23 .3FE ............3,056,069 ........77.000 ............2,353,173 ............3,056,069 ............3,056,069 .......................... .......................... ............................ .......................... ..........4.990 ..........8.150 MON.. .............12,140 ...........163,293 03/07/2006. 03/10/2013.<br />
422317 AC 1 HEARST-ARGYLE TELEVISION SR NT............................................ ....... .. ........... .2FE ..........30,385,004 ........86.868 ..........27,491,985 ..........31,648,000 ..........30,811,521 .......................... .............51,832 ............................ .......................... ..........7.000 ..........7.372 JJ....... ........1,021,527 ........2,215,360 03/02/2005. 01/15/2018.<br />
N3926@ AB 4 HEIJMANS N V GTD SER B SR NT................................................... ....... F .........3 ......3 ..........34,000,000 ........65.645 ..........22,319,300 ..........34,000,000 ..........34,000,000 .......................... .......................... ............................ .......................... ..........7.360 ..........6.360 MN..... ...........215,484 ........2,332,400 05/30/2007. 05/30/2017.<br />
423012 A* 4 HEINEKEN NV SER A SR NT............................................................ ....... F ........... ......1 ..........10,000,000 ......100.566 ..........10,056,600 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.860 ..........5.860 FA...... ...........221,378 .......................... 08/15/2008. 08/15/2015.<br />
42307T AG 3 HEINZ FINANCE (HJ) FINANCE CO.................................................. ....... .. .........1 .2FE ..........14,316,130 ........90.283 ..........11,736,790 ..........13,000,000 ..........14,209,054 .......................... ............(23,584) ............................ .......................... ..........6.750 ..........6.002 MS..... ...........258,375 ...........877,500 12/01/2003. 03/15/2032.<br />
423074 AF 0 HEINZ H J CO DB............................................................................... ....... .. ........... .2FE ...............150,553 ........89.688 ...............125,563 ...............140,000 ...............149,207 .......................... .................(249) ............................ .......................... ..........6.375 ..........5.807 JJ....... ...............4,115 ...............8,925 09/20/2002. 07/15/2028.<br />
42307T AC 2 HEINZ H J CO NT............................................................................... ....... .. ........... .2FE ..........17,792,866 ......102.556 ..........17,890,894 ..........17,445,000 ..........17,567,183 .......................... ............(43,422) ............................ .......................... ..........6.625 ..........6.319 JJ....... ...........532,921 ........1,155,731 04/06/2005. 07/15/2011.<br />
42346# AB 7 HELMERICH&PAYNE INTL DRILL SER............................................ ....... .. ........... ......2 ............5,000,000 ......100.090 ............5,004,500 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.910 ..........5.910 FA...... ...........111,633 ...........295,500 10/15/2002. 08/15/2009.<br />
42346# AC 5 HELMERICH&PAYNE INTL DRILL SER............................................ ....... .. ........... ......2 ............7,000,000 ......100.321 ............7,022,470 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........6.460 ..........6.460 FA...... ...........170,831 ...........452,200 10/15/2002. 08/15/2012.<br />
806407 A@ 1 HENRY SCHEIN INC SR NTS............................................................ ....... .. ........... ......1 ..........32,000,000 ......101.591 ..........32,509,120 ..........32,000,000 ..........32,000,000 .......................... .......................... ............................ .......................... ..........6.940 ..........6.940 JD...... ...............6,169 ........2,984,200 06/30/1999. 06/30/2009.<br />
427866 AP 3 HERSHEY CO NT............................................................................... ....... .. ........... .1FE ...............996,870 ........99.021 ...............990,210 ............1,000,000 ...............997,457 .......................... ..................260 ............................ .......................... ..........5.450 ..........5.491 MS..... .............18,167 .............54,500 08/23/2006. 09/01/2016.<br />
428040 BZ 1 HERTZ CORP SR............................................................................... LS... .. .........1 .4FE ............1,324,625 ........61.500 ...............799,500 ............1,300,000 ............1,313,926 .......................... ..............(3,945) ............................ .......................... ..........8.875 ..........8.540 JJ....... .............57,688 ...........115,375 02/09/2006. 01/01/2014.<br />
428040 CA 5 HERTZ CORP SR SUB NT................................................................. LS... .. .........1 .4FE ............3,549,219 ........45.625 ............1,494,219 ............3,275,000 ............3,469,292 .......................... ............(31,406) ............................ .......................... ........10.500 ..........9.167 JJ....... ...........171,938 ...........343,875 05/18/2006. 01/01/2016.<br />
42823# AH 6 HEWITT ASSOCIATES LLC SER F SR............................................. ....... .. ........... ....1Z ............5,000,000 ........87.765 ............4,388,250 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.570 ..........6.570 FA...... ...........118,625 .......................... 08/21/2008. 08/21/2015.<br />
42823# AJ 2 HEWITT ASSOCIATES LLC SER G SR............................................. ....... .. ........... ....1Z ..........11,981,500 ........81.809 ............9,817,080 ..........12,000,000 ..........11,981,500 .......................... .......................... ............................ .......................... ..........6.980 ..........6.980 FA...... ...........302,467 .......................... 08/21/2008. 08/21/2018.<br />
428300 B* 7 HEXION SPECIALTY CHEM INC TRNC............................................ ....... .. .......23 ......4 ............1,630,320 ........41.667 ...............672,580 ............1,614,179 ............1,626,153 .......................... ..............(2,426) ............................ .......................... ..........6.187 ..........7.329 MON.. .............45,416 ...........100,527 02/09/2007. 05/05/2013.<br />
N4050# AA 0 HEXION SPECIALTY CHEM TR C2 TE............................................. ....... .. .......23 ......4 ...............353,246 ........41.667 ...............145,730 ...............349,749 ...............352,332 .......................... .................(542) ............................ .......................... ..........5.062 ..........7.657 MON.. ...............4,458 .............27,497 02/09/2007. 05/05/2013.
E10.50<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
428303 AH 4 HEXION US FN CORP/NS 2ND PRI S............................................... ....... .. .........1 .4FE ............3,165,000 ........28.500 ...............855,000 ............3,000,000 ............3,120,564 .......................... ............(25,290) ............................ .......................... ..........9.750 ..........8.747 MN..... .............37,375 ...........292,500 03/01/2007. 11/15/2014.<br />
428656 AB 8 HIBERNIA CORP SB NT..................................................................... ....... .. ........... .2FE ............7,997,440 ........83.848 ............6,707,840 ............8,000,000 ............7,998,469 .......................... ..................242 ............................ .......................... ..........5.350 ..........5.354 MN..... .............71,333 ...........428,000 04/19/2004. 05/01/2014.<br />
431116 AA 0 HIGHMARK INC 144A NT................................................................... ....... .. ........... .2FE ..........27,776,922 ........95.274 ..........25,723,980 ..........27,000,000 ..........27,422,031 .......................... ............(77,988) ............................ .......................... ..........6.800 ..........6.399 FA...... ...........693,600 ........1,836,000 01/14/2004. 08/15/2013.<br />
431573 AA 2 HILLENBRAND INDUSTRIES INC DEB............................................. ....... .. ........... .2FE ............7,926,400 ......113.141 ............8,485,575 ............7,500,000 ............7,617,222 .......................... ............(34,549) ............................ .......................... ..........8.500 ..........7.887 JD...... .............53,125 ...........637,500 08/23/1996. 12/01/2011.<br />
431573 AC 8 HILLENBRAND INDUSTRIES SR NT................................................. ....... .. ........... .2FE ..........12,559,470 ......124.797 ..........16,223,610 ..........13,000,000 ..........12,615,762 .......................... ...............9,465 ............................ .......................... ..........6.750 ..........7.034 JD...... .............39,000 ...........877,500 03/05/2002. 12/15/2027.<br />
G4551# AC 8 HOLCIM CAP CORP LTD SR GTD NT.............................................. ....... F ........... ......2 ..........20,000,000 ........98.476 ..........19,695,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........7.050 ..........7.050 FA...... ...........481,750 ........1,410,000 08/28/2001. 08/28/2011.<br />
435731 AD 6 HOLLY ISSUER TR PRIN UNIT CL D................................................ ....... .. ........... ......1 ...............746,147 ........32.211 ............1,288,440 ............4,000,000 ............1,430,789 .......................... ...........126,930 ............................ .......................... ................... ..........9.509 NONE .......................... .......................... 12/20/2001. 01/24/2020.<br />
435731 AG 9 HOLLY ISSUER TR PRIN UNIT CL G................................................ ....... .. ........... ......1 ............3,425,413 ........26.953 ............5,231,577 ..........19,410,000 ............6,687,770 .......................... ...........608,927 ............................ .......................... ................... ..........9.777 NONE .......................... .......................... 12/20/2001. 02/28/2020.<br />
435731 AH 7 HOLLY ISSUER TR PRIN UNIT CL H................................................ ....... .. ........... ......1 ............2,847,368 ........35.614 ............5,591,398 ..........15,700,000 ............5,500,962 .......................... ...........493,349 ............................ .......................... ................... ..........9.620 NONE .......................... .......................... 12/20/2001. 02/28/2020.<br />
435731 AJ 3 HOLLY ISSUER TR PRIN UNIT CL I.................................................. ....... .. ........... ......1 ............2,718,382 ........25.742 ............3,861,300 ..........15,000,000 ............5,253,283 .......................... ...........471,333 ............................ .......................... ................... ..........9.624 NONE .......................... .......................... 12/20/2001. 02/28/2020.<br />
435731 AK 0 HOLLY ISSUER TR PRIN UNIT CL J................................................. ....... .. ........... ......1 ............1,216,583 ........41.361 ............2,895,270 ............7,000,000 ............2,359,965 .......................... ...........212,899 ............................ .......................... ................... ..........9.680 NONE .......................... .......................... 12/20/2001. 06/30/2020.<br />
437076 AP 7 HOME DEPOT INC SR NT................................................................. ....... .. ........... .2FE ............1,238,223 ........89.492 ............1,118,650 ............1,250,000 ............1,240,686 .......................... ...............1,020 ............................ .......................... ..........5.400 ..........5.526 MS..... .............22,500 .............67,500 11/01/2006. 03/01/2016.<br />
437076 AR 3 HOME DEPOT INC SR NT................................................................. ....... .. ........... .2FE ............8,202,893 ........93.380 ............7,703,850 ............8,250,000 ............8,214,832 .......................... ...............6,040 ............................ .......................... ..........5.250 ..........5.851 JD...... .............18,047 ...........433,125 12/13/2006. 12/16/2013.<br />
437076 AS 1 HOME DEPOT INC SR NT................................................................. ....... .. ........... .2FE ..........14,765,150 ........78.410 ..........11,761,500 ..........15,000,000 ..........14,771,012 .......................... ...............3,120 ............................ .......................... ..........5.875 ..........5.988 JD...... .............36,719 ...........881,250 01/22/2007. 12/16/2036.<br />
438516 AJ 5 HONEYWELL INTERNATIONAL DEB................................................ ....... .. ........... .1FE ...............708,525 ........98.092 ............1,471,380 ............1,500,000 ............1,432,568 .......................... ...........108,125 ............................ .......................... ................... ..........8.010 NONE .......................... .......................... 01/10/2000. 08/01/2009.<br />
438516 AN 6 HONEYWELL INTERNATIONAL INC NT........................................... ....... .. ........... .1FE ...............509,060 ......104.771 ...............523,855 ...............500,000 ...............503,127 .......................... .................(985) ............................ .......................... ..........6.125 ..........5.882 MN..... ...............5,104 .............30,625 11/05/2001. 11/01/2011.<br />
438516 AT 3 HONEYWELL INTL INC BD................................................................ ....... .. ........... .1FE ..........27,369,075 ......101.686 ..........29,336,411 ..........28,850,000 ..........27,377,426 .......................... ...............7,708 ............................ .......................... ..........5.700 ..........6.078 MS..... ...........484,199 ........1,107,225 08/27/2008. 03/15/2037.<br />
438516 AK 2 HONEYWELL INTL INC NT................................................................ ....... .. ........... .1FE ..........23,222,287 ......104.305 ..........22,425,575 ..........21,500,000 ..........21,803,123 .......................... ..........(242,832) ............................ .......................... ..........7.500 ..........6.229 MS..... ...........537,500 ........1,612,500 07/18/2002. 03/01/2010.<br />
438516 AX 4 HONEYWELL INTL INC SR NT.......................................................... ....... .. ........... .1FE ............3,985,560 ......102.028 ............4,081,120 ............4,000,000 ............3,986,494 .......................... ..................934 ............................ .......................... ..........5.300 ..........5.347 MS..... .............70,667 ...........107,178 02/26/2008. 03/01/2018.<br />
438516 AR 7 HONEYWELL INTL SR NT................................................................. ....... .. ........... .1FE ............3,693,880 ......101.660 ............4,066,400 ............4,000,000 ............3,695,553 .......................... ...............1,673 ............................ .......................... ..........5.700 ..........6.287 MS..... .............67,133 ...........114,000 08/05/2008. 03/15/2036.<br />
440452 AD 2 HORMEL FOODS CORP NT.............................................................. ....... .. ........... .1FE ............4,261,013 ......103.336 ............4,133,440 ............4,000,000 ............4,081,648 .......................... ............(30,654) ............................ .......................... ..........6.625 ..........5.708 JD...... .............22,083 ...........265,000 11/06/2001. 06/01/2011.<br />
441060 AD 2 HOSPIRA INC NT................................................................................ ....... .. ........... .2FE ..........42,326,960 ........88.435 ..........37,142,700 ..........42,000,000 ..........42,202,738 .......................... ............(31,303) ............................ .......................... ..........5.900 ..........5.794 JD...... ...........110,133 ........2,478,000 08/11/2004. 06/15/2014.<br />
44108E AS 7 HOST MARRIOTT LP SR NTS........................................................... ....... .. .........1 .3FE ...............495,000 ........80.500 ...............402,500 ...............500,000 ...............497,041 .......................... ..................493 ............................ .......................... ..........7.125 ..........7.274 MN..... ...............5,938 .............35,625 07/07/2004. 11/01/2013.<br />
441560 AE 9 HOUGHTON MIFFLIN CO SR NT...................................................... ....... .. .........1 .....5* ............9,984,700 ........91.500 ............9,150,000 ..........10,000,000 ............9,995,598 .......................... ...............1,778 ............................ .......................... ..........7.200 ..........7.222 MS..... ...........212,000 ...........720,000 03/14/2001. 03/15/2011.<br />
441812 KD 5 HOUSEHOLD FINANCE CO NTS...................................................... ....... .. ........... .1FE ..........20,439,462 ........91.228 ..........18,583,144 ..........20,370,000 ..........20,411,172 .......................... ..............(7,956) ............................ .......................... ..........4.750 ..........4.701 JJ....... ...........446,160 ...........967,575 02/08/2005. 07/15/2013.<br />
441812 JW 5 HOUSEHOLD FINANCE CORP GLBL NT......................................... ....... .. ........... .1FE ............1,017,300 ........98.385 ...............983,850 ............1,000,000 ............1,006,421 .......................... ..............(2,050) ............................ .......................... ..........6.375 ..........6.121 AO...... .............13,458 .............63,750 11/05/2001. 10/15/2011.<br />
441812 GE 8 HOUSEHOLD FINANCE CORP SER EMT........................................ ....... .. ........... .1FE ............3,199,455 ........99.978 ............3,499,230 ............3,500,000 ............3,496,327 .......................... .............41,069 ............................ .......................... ..........5.875 ..........7.120 FA...... .............85,677 ...........205,625 06/08/1999. 02/01/2009.<br />
40426W AM 3 HRPT PROPERTIES TRUST SR NT.................................................. ....... .. ........... .2FE ..........13,012,243 ........68.227 ............8,869,510 ..........13,000,000 ..........13,005,088 .......................... ..............(1,350) ............................ .......................... ..........6.950 ..........6.935 AO...... ...........225,875 ...........903,500 06/04/2002. 04/01/2012.<br />
40429C AA 0 HSBC FIN CORP NT........................................................................... ....... .. ........... .1FE ..........10,288,230 ........99.567 ............9,209,948 ............9,250,000 ............9,673,784 .......................... ..........(165,554) ............................ .......................... ..........6.750 ..........4.683 MN..... .............79,781 ...........624,375 02/04/2005. 05/15/2011.<br />
404280 AF 6 HSBC HLDGS PLC SUB NT............................................................... ....... .. ........... .1FE ............2,524,600 ......107.807 ............2,156,140 ............2,000,000 ............2,478,405 .......................... ..............(9,538) ............................ .......................... ..........7.625 ..........5.751 MN..... .............18,639 ...........152,500 07/02/2003. 05/17/2032.<br />
760719 AR 5 HSBC USA INC DEBS........................................................................ ....... .. ........... .1FE ............2,911,290 ......111.760 ............3,352,800 ............3,000,000 ............2,935,571 .......................... ...............2,667 ............................ .......................... ..........9.125 ..........9.422 MN..... .............34,979 ...........273,750 05/14/1991. 05/15/2021.<br />
44440* AD 8 HUGHES AIRCRAFT/AURORA-IRE SER.......................................... ....... .. ........... ......1 ...............240,434 ......119.200 ...............237,907 ...............199,587 ...............209,399 .......................... ..............(3,068) ............................ .......................... ........10.360 ..........8.134 MS..... ...............5,227 .............20,677 06/01/1995. 09/30/2012.<br />
444433 AF 3 HUGHES NETWORK SYS LLC/HNS FIN.......................................... ....... .. .........1 .4FE ..........13,981,638 ........81.250 ..........11,334,375 ..........13,950,000 ..........13,964,156 .......................... ..............(6,746) ............................ .......................... ..........9.500 ..........9.457 AO...... ...........279,775 ........1,325,250 07/14/2006. 04/15/2014.<br />
444859 AV 4 HUMANA INC SR NT.......................................................................... ....... .. ........... .2FE ..........33,927,213 ........79.065 ..........26,961,165 ..........34,100,000 ..........33,961,383 .......................... .............14,118 ............................ .......................... ..........6.450 ..........6.520 JD...... ...........183,288 ........2,199,450 06/20/2006. 06/01/2016.<br />
44643T AB 3 HUNTINGTON NATL BK COL OHIO SB............................................ ....... .. ........... .2FE ..........27,093,700 ........91.682 ..........22,920,500 ..........25,000,000 ..........25,575,432 .......................... ..........(436,324) ............................ .......................... ..........8.000 ..........6.054 AO...... ...........500,000 ........2,000,000 02/14/2006. 04/01/2010.<br />
44643Q FD 0 HUNTINGTON NATL BK COLUMBUS OH......................................... ....... .. ........... .1FE ..........14,454,470 ........71.141 ..........10,315,445 ..........14,500,000 ..........14,468,225 .......................... ...............2,669 ............................ .......................... ..........4.950 ..........4.964 MS..... ...........215,325 ...........717,750 03/12/2003. 03/15/2018.<br />
44701Q AK 8 HUNTSMAN INTERNATIONAL HLDG SR......................................... ....... .. 1 3...... .4FE ...............171,938 ........52.500 .................91,875 ...............175,000 ...............172,791 .......................... ..................273 ............................ .......................... ..........8.125 ..........7.640 JJ....... ...............7,109 .............12,906 09/26/2005. 01/01/2015.<br />
448055 AC 7 HUSKY ENERGY INC NT................................................................... ....... .. ........... .2FE ..........18,257,818 ........89.383 ..........16,267,706 ..........18,200,000 ..........18,254,415 .......................... ..............(3,908) ............................ .......................... ..........6.200 ..........6.154 MS..... ...........332,251 ........1,140,938 02/13/2008. 09/15/2017.<br />
448055 AD 5 HUSKY ENERGY INC NT................................................................... ....... .. ........... .2FE ............9,984,600 ........83.317 ............8,331,700 ..........10,000,000 ............9,984,817 .......................... ..................168 ............................ .......................... ..........6.800 ..........6.812 MS..... ...........200,222 ...........687,556 09/06/2007. 09/15/2037.<br />
448414 AE 2 HUTCHISON WHAMPOA FIN LTD SER............................................ ....... .. ........... .1FE ..........24,874,550 ........91.715 ..........20,177,300 ..........22,000,000 ..........24,672,711 .......................... ............(73,869) ............................ .......................... ..........7.500 ..........6.373 FA...... ...........687,500 ........1,650,000 08/02/2006. 08/01/2027.<br />
44841R AA 9 HUTCHISON WHAMPOA INTL LTD GTD.......................................... LS... .. ........... .1FE ..........22,218,711 ........98.071 ..........21,379,478 ..........21,800,000 ..........22,007,327 .......................... ............(42,929) ............................ .......................... ..........6.500 ..........6.233 FA...... ...........543,183 ........1,417,000 04/30/2003. 02/13/2013.<br />
44841S AB 5 HUTCHISON WHAMPOA INTL LTD GTD.......................................... ....... .. ........... .1FE ............7,991,760 ........95.638 ............7,651,040 ............8,000,000 ............7,995,253 .......................... ..................774 ............................ .......................... ..........6.250 ..........6.261 JJ....... ...........218,056 ...........500,000 11/19/2003. 01/24/2014.<br />
44841S AA 7 HUTCHISON WHAMPOA INTL LTD 144........................................... ....... .. ........... .1FE ..........14,474,195 ......100.768 ..........14,611,360 ..........14,500,000 ..........14,492,002 .......................... ...............3,890 ............................ .......................... ..........5.450 ..........5.481 MN..... .............81,220 ...........790,250 11/19/2003. 11/24/2010.<br />
G4691* AB 5 IAWS FINANCE PP LTD GTD SER B................................................ ....... F ........... ......2 ..........25,000,000 ........89.472 ..........22,368,000 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........5.860 ..........5.860 JD...... .............73,250 ........1,452,792 06/13/2007. 06/13/2017.<br />
459200 GN 5 IBM CORP GLBL NT........................................................................... ....... .. ........... .1FE ..........13,699,774 ......109.623 ..........14,579,859 ..........13,300,000 ..........13,687,581 .......................... ............(12,193) ............................ .......................... ..........6.500 ..........5.726 AO...... ...........182,506 .......................... 10/23/2008. 10/15/2013.<br />
449223 AD 8 IBP INC NTS........................................................................................ ....... .. .........1 .2FE ............9,917,500 ........94.225 ............9,422,500 ..........10,000,000 ............9,987,590 .......................... .............10,520 ............................ .......................... ..........7.950 ..........8.072 FA...... ...........331,250 ...........795,000 01/26/2000. 02/01/2010.<br />
449909 AL 4 ICI WILMINGTON INC GTD NT.......................................................... ....... .. ........... .1FE ..........16,707,115 ........96.410 ..........15,907,650 ..........16,500,000 ..........16,621,812 .......................... ............(21,694) ............................ .......................... ..........5.625 ..........5.448 JD...... .............77,344 ...........928,125 01/27/2005. 12/01/2013.<br />
451663 AC 2 IDEARC INC SR NT............................................................................ ....... .. .........1 .5FE ............3,211,700 ..........7.500 ...............240,000 ............3,200,000 ...............240,000 .......................... ..............(1,300) ...........2,970,060 .......................... ..........8.000 ..........7.958 MN..... .............32,711 ...........256,000 09/18/2007. 11/15/2016.<br />
99BLID 9A 6 IDEARC INC TRNCH B TERM LOAN L.............................................. ....... .. .......23 .4FE ............5,819,608 ........32.167 ............1,900,924 ............5,909,547 ............1,900,924 .......................... .............10,009 ...........3,932,090 .......................... ..........4.490 ..........7.760 MON.. .............17,218 ...........475,327 07/20/2007. 11/17/2014.<br />
44962P AA 6 IIG 2000 FDG TR INT CTF SER A...................................................... ....... .. .....234 ......1 ............4,431,794 ........30.514 ............1,830,840 ............................. ............2,976,847 .......................... ............(85,380) ............................ .......................... ..........3.750 ..........7.638 JAJO.. .............38,750 ...........333,296 10/10/2000. 10/31/2020.<br />
44962P AC 2 IIG 2000 FDG TR INT CTF SER C...................................................... ....... .. .....234 ......1 ............9,884,525 ........25.510 ............3,642,828 ............................. ............5,989,064 .......................... ..........(358,604) ............................ .......................... ..........4.962 ..........2.785 AO...... ...........124,013 ...........590,448 10/10/2000. 10/30/2020.<br />
44962P AD 0 IIG 2000 FDG TR INT CTF SER D...................................................... ....... .. .....234 ......1 ............4,601,237 ........26.503 ............1,682,941 ............................. ............3,117,716 .......................... ..........(145,045) ............................ .......................... ..........3.562 ..........7.293 MJSD. ...............8,169 ...........273,372 10/10/2000. 12/31/2020.<br />
44962P AE 8 IIG 2000 FDG TR INT CTF SER E...................................................... ....... .. .....234 ......1 ...............714,391 ........25.376 ...............253,760 ............................. ...............476,518 .......................... ............(17,863) ............................ .......................... ..........3.062 ..........8.005 MN..... ...............3,403 .............41,392 10/10/2000. 11/30/2020.
E10.51<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
44962P AF 5 IIG 2000 FDG TR INT CTF SER F...................................................... ....... .. .....234 ......1 ............3,493,338 ........25.906 ............1,295,300 ............................. ............2,430,452 .......................... ............(69,211) ............................ .......................... ..........2.937 ..........7.562 MJSD. ...............5,304 ...........252,755 10/10/2000. 12/31/2020.<br />
44962P AH 1 IIG 2000 FDG TR INT CTF SER H...................................................... ....... .. .....234 ......1 ............5,618,716 ........28.188 ............2,395,980 ............................. ............3,822,141 .......................... ..........(139,644) ............................ .......................... ..........3.187 ..........8.831 MN..... .............36,878 ...........354,093 10/10/2000. 11/27/2020.<br />
44962P AJ 7 IIG 2000 FDG TR INT CTF SER I....................................................... ....... .. .....234 ......1 ..........10,830,348 ........44.951 ............6,742,650 ............................. ............7,311,514 .......................... ..........(414,115) ............................ .......................... ..........5.000 ..........7.252 MJSD. .............27,083 ...........992,644 10/10/2000. 12/31/2020.<br />
44962P AK 4 IIG 2000 FDG TR INT CTF SER J...................................................... ....... .. .....234 ......1 ............6,893,670 ........25.434 ............2,543,400 ............................. ............4,792,419 .......................... ..........(133,905) ............................ .......................... ..........3.062 ..........7.968 JAJO.. .............62,951 ...........376,753 10/10/2000. 10/30/2020.<br />
44962P AL 2 IIG 2000 FDG TR INT CTF SER K...................................................... ....... .. .....234 ......1 ............4,597,029 ........25.503 ............1,785,210 ............................. ............3,022,544 .......................... ..........(174,292) ............................ .......................... ..........5.275 ..........8.403 AO...... .............77,953 ...........296,605 10/10/2000. 10/27/2020.<br />
44962P AM 0 IIG 2000 FDG TR INT CTF SER L...................................................... ....... .. .....234 ......1 ............7,208,373 ........28.176 ............2,817,600 ............................. ............4,911,205 .......................... ..........(134,701) ............................ .......................... ..........2.875 ..........7.271 MJSD. .............10,382 ...........510,295 10/10/2000. 12/31/2020.<br />
44962P AN 8 IIG 2000 FDG TR INT CTF SER M..................................................... ....... .. .....234 ......1 ..........16,383,767 ........25.423 ............5,974,405 ............................. ..........11,214,743 .......................... ..........(694,389) ............................ .......................... ..........5.429 ..........3.618 MN..... ...........113,414 ...........943,019 10/10/2000. 11/30/2020.<br />
44962P AP 3 IIG 2000 FDG TR INT CTF SER N...................................................... ....... .. .....234 ......1 ..........10,877,085 ........24.226 ............3,633,900 ............................. ............7,159,729 .......................... ..........(476,399) ............................ .......................... ..........5.125 ..........7.853 MN..... .............89,688 ...........626,849 10/10/2000. 11/30/2020.<br />
44962P AQ 1 IIG 2000 FDG TR INT CTF SER O..................................................... ....... .. .....234 ......1 ............2,808,705 ........22.802 ............1,140,100 ............................. ............1,830,113 .......................... ............(78,132) ............................ .......................... ..........5.525 ........11.287 JD...... .............15,347 ...........215,549 10/10/2000. 12/22/2020.<br />
449669 CD 0 IMC GLOBAL INC DEB....................................................................... ....... .. .........1 .2FE ............4,949,750 ........74.000 ............3,700,000 ............5,000,000 ............4,966,889 .......................... ...............2,295 ............................ .......................... ..........7.375 ..........7.473 FA...... ...........153,646 ...........368,750 08/06/1998. 08/01/2018.<br />
449669 AB 6 IMC GLOBAL INC SR DEB................................................................. ....... .. ........... .2FE ............4,046,864 ........93.000 ............3,050,400 ............3,280,000 ............3,507,115 .......................... ............(67,124) ............................ .......................... ..........9.450 ..........6.825 JD...... .............13,776 ...........309,960 01/01/1998. 12/15/2011.<br />
452454 AB 7 IMCERA GROUP INC DB................................................................... ....... .. ........... .1FE ............2,998,058 ......109.082 ............3,272,460 ............3,000,000 ............2,999,433 .......................... ....................93 ............................ .......................... ..........7.000 ..........7.070 JD...... ...............9,333 ...........210,000 12/08/1993. 12/15/2013.<br />
B6235# AB 4 INBEV, FKA INTERBREW SA SR U/S............................................... ....... F ........... ......2 ..........25,000,000 ........97.991 ..........24,497,750 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........4.410 ..........4.410 AO...... ...........211,313 ........1,102,500 10/22/2003. 10/22/2010.<br />
453414 AA 2 INDEPENDENCE COMMUNITY BANK CO....................................... ....... .. .........3 .2FE ............8,937,414 ........81.876 ............7,368,840 ............9,000,000 ............8,975,041 .......................... .............12,198 ............................ .......................... ..........5.263 ..........3.584 MJSD. .............14,475 ...........391,519 07/03/2003. 06/20/2013.<br />
Y3915@ AA 7 INDIAN OIL CORP LTD SR NT........................................................... ....... F ........... ......2 ..........21,000,000 ........87.324 ..........18,338,040 ..........21,000,000 ..........21,000,000 .......................... .......................... ............................ .......................... ..........6.120 ..........6.120 FA...... ...........535,500 ........1,330,718 09/04/2007. 08/01/2018.<br />
449786 AA 0 ING BANK NV 144A BD...................................................................... ....... .. ........... .1FE ..........38,655,500 ........84.589 ..........32,989,710 ..........39,000,000 ..........38,773,636 .......................... .............29,415 ............................ .......................... ..........5.125 ..........5.234 MN..... ...........333,125 ........1,998,750 12/13/2005. 05/01/2015.<br />
44981W AG 5 ING SEC LIFE INST FUND NS 144A.................................................. ....... .. ........... .1FE ..........19,990,200 ........91.842 ..........18,368,400 ..........20,000,000 ..........19,994,641 .......................... ..................900 ............................ .......................... ..........4.875 ..........4.881 FA...... ...........368,333 ...........975,000 01/27/2004. 02/15/2014.<br />
456866 AL 6 INGERSOLL RAND AMORTIZING DEBS.......................................... ....... .. ........... .2FE ............7,509,252 ......125.321 ............9,529,409 ............7,604,000 ............7,548,291 .......................... ...............3,286 ............................ .......................... ..........7.200 ..........7.316 JD...... .............45,624 ...........547,497 06/21/1995. 06/01/2025.<br />
456866 AJ 1 INGERSOLL RAND CO BD................................................................ ....... .. ........... .2FE ..........14,806,950 ........88.734 ..........13,310,100 ..........15,000,000 ..........14,814,849 .......................... ...............6,110 ............................ .......................... ..........6.480 ..........6.603 JD...... .............81,000 ...........972,000 09/05/2007. 06/01/2025.<br />
456866 AS 1 INGERSOLL-RAND NTS.................................................................... ....... F .........1 .2FE ............4,981,250 ........89.253 ............4,462,650 ............5,000,000 ............4,986,959 .......................... ...............1,711 ............................ .......................... ..........4.750 ..........4.798 MN..... .............30,347 ...........237,500 05/24/2005. 05/15/2015.<br />
45763P AB 2 INMARSAT FINANCE PLC SR NT..................................................... ....... .. .........1 .3FE ............1,916,518 ........87.125 ............1,682,384 ............1,931,000 ............1,923,665 .......................... ...............1,761 ............................ .......................... ..........7.625 ..........7.751 MS..... .............49,080 ...........147,239 05/06/2004. 06/30/2012.<br />
458182 BM 3 INTERAMERICAN DEVELOP BANK DEB......................................... ....... .. ........... .1FE ............6,247,780 ......115.531 ............6,354,205 ............5,500,000 ............5,669,058 .......................... ............(68,530) ............................ .......................... ..........8.500 ..........6.972 MS..... ...........137,653 ...........467,500 01/14/1997. 03/15/2011.<br />
G4588# AM 3 INTERMEDIATE CAP GRP PLC SER D............................................ ....... F ........... ......2 ............7,000,000 ........93.693 ............6,558,510 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........8.030 ..........8.030 JD...... ...........285,734 ...........562,100 06/28/2001. 06/28/2011.<br />
G4588# AT 8 INTERMEDIATE CAPITAL GRP PLC S............................................. ....... F ........... ......2 ..........20,000,000 ........88.883 ..........17,776,600 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 FA...... ...........444,167 ........1,300,000 02/28/2007. 02/28/2014.<br />
45974V B2 3 INTERNATIONAL LEASE FIN CORP................................................ ....... .. ........... .1FE .................25,031 ........69.352 .................17,338 .................25,000 .................25,026 .......................... .....................(7) ............................ .......................... ..........5.350 ..........5.312 MS..... ..................446 ...............1,338 12/04/2007. 03/01/2012.<br />
45957@ AC 0 INTERNATIONAL GROUP GTD SR NTS........................................... ....... .. ........... ......2 ............2,909,091 ........93.545 ............2,721,309 ............2,909,091 ............2,909,091 .......................... .......................... ............................ .......................... ..........7.200 ..........7.200 MS..... .............64,582 ...........209,455 09/10/1997. 09/10/2012.<br />
45957@ AE 6 INTERNATIONAL GROUP SR NTS SER........................................... ....... .. ........... ......2 ............8,500,000 ........69.900 ............5,941,500 ............8,500,000 ............8,500,000 .......................... .......................... ............................ .......................... ..........5.980 ..........5.980 MN..... .............84,717 ...........508,300 10/29/2004. 11/01/2016.<br />
45974V A2 4 INTERNATIONAL LEASE FIN CORP S............................................. ....... .. ........... .1FE .................20,119 ........72.928 .................14,586 .................20,000 .................20,078 .......................... ...................(29) ............................ .......................... ..........5.750 ..........5.571 JD...... ....................51 ...............1,150 07/26/2007. 06/15/2011.<br />
460146 AP 8 INTERNATIONAL PAPER CO DEBS................................................. ....... .. ........... .2FE ............6,929,820 ........65.264 ............4,568,480 ............7,000,000 ............6,945,943 .......................... ...............2,032 ............................ .......................... ..........6.875 ..........6.959 MN..... .............80,208 ...........481,250 12/21/1998. 11/01/2023.<br />
460146 BY 8 INTERNATIONAL PAPER CO NT...................................................... ....... .. ........... .2FE ............2,497,825 ........96.231 ............2,405,775 ............2,500,000 ............2,499,505 .......................... ..................378 ............................ .......................... ..........4.000 ..........4.016 AO...... .............25,000 ...........100,000 03/15/2004. 04/01/2010.<br />
461070 AD 6 INTERSTATE POWER & LIGHT CO BD............................................ ....... .. ........... .2FE ............8,968,860 ........91.332 ............8,219,880 ............9,000,000 ............8,970,665 .......................... ..................461 ............................ .......................... ..........6.300 ..........6.326 MN..... .............94,500 ...........567,000 05/03/2004. 05/01/2034.<br />
461070 AA 2 INTERSTATE POWER & LIGHT CO NT............................................ ....... .. .........1 .2FE ..........13,424,400 ........95.893 ..........12,945,555 ..........13,500,000 ..........13,443,896 .......................... ...............4,170 ............................ .......................... ..........5.875 ..........5.932 MS..... ...........233,531 ...........793,125 09/10/2003. 09/15/2018.<br />
459200 AG 6 INTL BUSINESS MACHINE CORP DB.............................................. ....... .. ........... .1FE ............5,393,376 ......126.294 ............6,062,112 ............4,800,000 ............5,234,811 .......................... ............(25,839) ............................ .......................... ..........8.375 ..........7.159 MN..... .............67,000 ...........402,000 04/25/2001. 11/01/2019.<br />
459200 AL 5 INTL BUSINESS MACHINE CORP DB.............................................. ....... .. ........... .1FE ............3,055,710 ......113.025 ............3,390,750 ............3,000,000 ............3,021,191 .......................... ..............(3,892) ............................ .......................... ..........7.500 ..........7.312 JD...... .............10,000 ...........225,000 05/23/1996. 06/15/2013.<br />
45974V B8 0 INTL LEASE FIN CORP MTN............................................................. ....... .. ........... .1FE .................26,960 ........67.379 .................23,583 .................35,000 .................27,205 .......................... ..................245 ............................ .......................... ..........6.625 ........12.621 MN..... ..................296 ...............1,082 10/02/2008. 11/15/2013.<br />
459745 FG 5 INTL LEASE FINANCE CO NT........................................................... ....... .. ........... .1FE ............4,000,771 ........66.760 ............2,682,417 ............4,018,000 ............4,007,074 .......................... ...............1,389 ............................ .......................... ..........5.875 ..........5.942 MN..... .............39,343 ...........235,676 10/16/2008. 05/01/2013.<br />
459745 FP 5 INTL LEASE FINANCE CO SR NT..................................................... ....... .. ........... .1FE ..........10,949,950 ........81.165 ............8,928,150 ..........11,000,000 ..........10,985,882 .......................... .............10,316 ............................ .......................... ..........5.000 ..........5.104 AO...... ...........116,111 ...........550,000 04/06/2005. 04/15/2010.<br />
459745 FN 0 INTL LEASE FINANCE CORP NT...................................................... ....... .. ........... .1FE ............5,973,960 ........69.926 ............4,195,560 ............6,000,000 ............5,987,613 .......................... ...............3,703 ............................ .......................... ..........4.750 ..........4.824 JJ....... ...........133,000 ...........285,000 01/12/2005. 01/13/2012.<br />
460146 BU 6 INTL PAPER CO NT............................................................................ ....... .. ........... .2FE ............9,979,500 ........69.517 ............6,951,700 ..........10,000,000 ............9,987,750 .......................... ...............1,612 ............................ .......................... ..........5.300 ..........5.323 AO...... ...........132,500 ...........530,000 03/14/2003. 04/01/2015.<br />
460146 BN 2 INTL PAPER CO NTS......................................................................... ....... .. ........... .2FE ............8,118,538 ........89.831 ............7,186,480 ............8,000,000 ............8,039,812 .......................... ............(13,247) ............................ .......................... ..........6.750 ..........6.543 MS..... ...........180,000 ...........540,000 12/04/2001. 09/01/2011.<br />
460146 BZ 5 INTL PAPER COMPANY NT.............................................................. ....... .. ........... .2FE ............9,994,214 ........67.536 ............6,753,600 ..........10,000,000 ............9,996,264 .......................... ..................412 ............................ .......................... ..........5.250 ..........5.256 AO...... ...........131,250 ...........525,000 03/15/2004. 04/01/2016.<br />
460335 AF 9 INTL SPEEDWAY CORP NT.............................................................. ....... .. ........... .2FE ..........12,986,350 ........86.943 ..........11,302,590 ..........13,000,000 ..........12,991,861 .......................... ...............1,296 ............................ .......................... ..........5.400 ..........5.414 AO...... ...........148,200 ...........702,000 04/22/2004. 04/15/2014.<br />
460377 AB 0 INTL STEEL GROUP INC SR NT....................................................... ....... .. ........... .2FE ............4,700,000 ........71.103 ............3,555,150 ............5,000,000 ............4,813,569 .......................... .............27,898 ............................ .......................... ..........6.500 ..........7.362 AO...... .............68,611 ...........325,000 05/12/2004. 04/15/2014.<br />
46051M AD 4 INTL TRANSMISSION CO 144A SER................................................ ....... .. ........... .1FE ............8,460,791 ......100.630 ............8,553,550 ............8,500,000 ............8,462,980 .......................... ...............2,189 ............................ .......................... ..........5.750 ..........5.759 AO...... ...........122,188 ...........244,375 04/01/2008. 04/01/2018.<br />
461202 AB 9 INTUIT INC SR NT.............................................................................. ....... .. ........... .2FE ..........22,816,007 ........73.950 ..........16,982,618 ..........22,965,000 ..........22,835,902 .......................... .............11,952 ............................ .......................... ..........5.750 ..........5.836 MS..... ...........388,810 ........1,320,488 05/07/2007. 03/15/2017.<br />
G4916# AE 4 INVESTCORP CAP LTD SER A GTD S............................................. ....... .. ........... ......2 ............8,850,000 ........96.556 ............8,545,206 ............8,850,000 ............8,850,000 .......................... .......................... ............................ .......................... ..........6.640 ..........6.640 JD...... .............21,220 ...........587,640 12/18/2003. 12/17/2010.<br />
464287 24 2 ISHARES TR GS INVESTOP CORP BD............................................ ....... .. .........3 .1FE ..........44,656,570 ......101.650 ..........41,676,500 ..........41,000,000 ..........44,327,044 .......................... ............(66,526) ............................ .......................... ..........5.670 ..........5.052 MON.. ...........122,710 ........2,256,558 09/15/2003. 07/15/2033.<br />
C4862# AA 0 ISLAND TIMBERLAND GTD SECD NT.............................................. ....... I. ........... ......2 ............3,000,000 ........94.469 ............2,834,070 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.570 ..........5.570 FA...... .............56,164 ...........167,100 08/30/2005. 08/30/2015.<br />
C4862# AB 8 ISLAND TIMBERLANDS FIN SER 2 S............................................... ....... I. ........... ......2 ..........29,500,000 ........82.840 ..........24,437,800 ..........29,500,000 ..........29,500,000 .......................... .......................... ............................ .......................... ..........6.160 ..........6.160 MS..... ...........605,733 ........1,817,200 08/30/2005. 08/30/2025.<br />
46458K AF 2 ISLANDSBANKI HF (GLITNIR BANK)................................................ ....... .. ........... .6FE ............1,500,000 ..........5.000 ............1,500,000 ..........30,000,000 ............1,500,000 .......................... .......................... .........28,500,000 .......................... ..........5.440 ..........5.440 JD...... .......................... ...........816,000 12/22/2005. 12/22/2015.<br />
465077 AE 5 ISRAEL ELECTRIC CORP LTD 144A................................................ ....... .. ........... .2FE ............8,843,607 ........87.686 ............7,251,632 ............8,270,000 ............8,843,137 .......................... ...................(59) ............................ .......................... ..........8.100 ..........7.573 JD...... .............29,772 ...........669,870 09/24/1997. 12/15/2096.<br />
45031U AF 8 ISTAR FINANCIAL INC SR NT........................................................... LS... .. ........... .3FE ............5,040,350 ........90.750 ............4,537,500 ............5,000,000 ............5,000,474 .......................... ............(11,110) ............................ .......................... ..........4.875 ..........4.643 JJ....... ...........112,396 ...........243,750 02/28/2005. 01/15/2009.<br />
N4661# AA 1 ISTELLO HLDG BV SER A SR GTD N............................................... ....... F ........... ......6 ............9,600,000 ........32.000 ............4,800,000 ..........15,000,000 ............4,800,000 .......(4,800,000) .......................... ...........5,400,000 .......................... ..........8.050 ........16.100 JD...... .......................... ...........622,500 06/28/2006. 06/28/2009.
E10.52<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
N4661# AB 9 ISTELLO HLDG BV SER B SR GTD N............................................... ....... F ........... ......6 ............6,400,000 ........32.000 ............3,200,000 ..........10,000,000 ............3,200,000 .......(3,200,000) .......................... ...........3,600,000 .......................... ..........8.340 ........16.680 JD...... .......................... ...........429,500 06/28/2006. 06/28/2013.<br />
465685 AA 3 ITC HOLDINGS CORP 144A DB........................................................ LS... .. ........... .2FE ..........18,218,647 ........90.795 ..........16,615,485 ..........18,300,000 ..........18,257,706 .......................... ...............8,036 ............................ .......................... ..........5.250 ..........5.308 JJ....... ...........443,013 ...........960,750 07/01/2003. 07/15/2013.<br />
450679 AT 2 ITT CORP DB...................................................................................... ....... .. ........... .2FE ..........14,527,470 ......112.654 ..........15,771,560 ..........14,000,000 ..........14,432,693 .......................... ............(13,007) ............................ .......................... ..........7.400 ..........7.083 MN..... ...........132,378 ........1,036,000 01/13/1999. 11/15/2025.<br />
450912 AC 4 ITT CORPORATION DB LS........................................................... ....... .. ........... .2FE ............4,275,000 ........60.000 ............2,400,000 ............4,000,000 ............4,219,614 .......................... ............(24,761) ............................ .......................... ..........7.375 ..........6.374 MN..... .............37,694 ...........295,000 08/29/2006. 11/15/2015.<br />
45068H AF 3 ITT HARTFORD GROUP INC NT....................................................... ....... .. ........... .1FE ............4,768,650 ........77.857 ............3,892,850 ............5,000,000 ............4,876,042 .......................... .............13,301 ............................ .......................... ..........7.300 ..........7.773 MN..... .............60,833 ...........365,000 03/13/1997. 11/01/2015.<br />
45069K AA 6 ITW CUPIDS FIN TR I GTD 144A C................................................... ....... .. ........... .1FE ............9,985,321 ......108.775 ..........10,877,500 ..........10,000,000 ............9,994,276 .......................... ...............1,674 ............................ .......................... ..........6.550 ..........6.571 JD...... ...........231,069 ...........753,250 04/18/2002. 12/31/2011.<br />
46648@ AL 3 J M HUBER CORP SER A SR NTS.................................................... ....... .. ........... ......3 ..........12,984,700 ........80.138 ..........10,417,940 ..........13,000,000 ..........12,989,698 .......................... ...............1,724 ............................ .......................... ..........5.710 ..........5.728 JJ....... ...........360,840 ...........742,300 12/21/2005. 01/06/2014.<br />
46648@ AP 4 J M HUBER CORP SR NT.................................................................. ....... .. ........... ......3 ............7,500,000 ........70.250 ............5,268,750 ............7,500,000 ............7,500,000 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 FA...... ...........179,688 ...........431,250 02/01/2006. 02/01/2018.<br />
47806# AC 7 J ZELENKA EVERGREEN NURSERY SR......................................... ....... .. .........2 ......6 ............................. ................... ............................. ..........10,617,904 ............................. .......................... .......................... ............................ .......................... ........13.750 ........10.078 FMAN. .......................... .......................... 02/28/2002. 05/04/2007.<br />
61688A AX 6 J.P. MORGAN & COMPANY.............................................................. ....... .. ........... .1FE ............7,591,481 ......100.036 ............6,962,506 ............6,960,000 ............6,965,616 .......................... ..........(132,017) ............................ .......................... ..........6.000 ..........4.040 JJ....... ...........192,560 ...........417,600 11/05/2003. 01/15/2009.<br />
466313 AB 9 JABIL CIRCUIT INC SR NT................................................................. ....... .. ........... .3FE ...............399,212 ........91.500 ...............366,000 ...............400,000 ...............399,797 .......................... ..................122 ............................ .......................... ..........5.875 ..........5.910 JJ....... .............10,836 .............23,500 07/15/2003. 07/15/2010.<br />
472319 AE 2 JEFFERIES GROUP INC BD.............................................................. ....... .. ........... .2FE ..........14,942,674 ........58.463 ............8,775,296 ..........15,010,000 ..........14,945,399 .......................... ...............1,778 ............................ .......................... ..........6.450 ..........6.490 JD...... .............61,854 ...........968,145 08/03/2007. 06/08/2027.<br />
472319 AB 8 JEFFERIES GROUP INC SR NT........................................................ ....... .. ........... .2FE ..........15,914,260 ........72.269 ..........11,563,040 ..........16,000,000 ..........15,940,822 .......................... ...............6,506 ............................ .......................... ..........5.500 ..........5.563 MS..... ...........259,111 ...........880,000 01/20/2006. 03/15/2016.<br />
47580* AQ 2 JELD-WEN INC SER B SR NT........................................................... ....... .. .........3 ......4 ............6,000,000 ........91.462 ............5,487,720 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........5.890 ..........5.490 FA...... ...........179,760 ...........347,400 08/07/2003. 08/07/2013.<br />
Q9768* AB 1 JOHN FAIRFAX PUBLICATIONS SER.............................................. ....... F ........... ......2 ..........13,200,000 ........95.208 ..........12,377,040 ..........13,000,000 ..........13,164,476 .......................... ............(24,463) ............................ .......................... ..........6.350 ..........6.350 JJ....... ...........392,113 ...........825,500 07/10/2007. 07/10/2014.<br />
Q9768* AC 9 JOHN FAIRFAX PUBLICATIONS SER.............................................. ....... F ........... ......2 ............8,000,000 ........90.031 ............7,202,480 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........6.480 ..........6.480 JJ....... ...........246,240 ...........518,400 07/10/2007. 07/10/2017.<br />
478165 AB 9 JOHNSON (S C) & SON INC 144A D................................................. ....... .. ........... .1FE ..........14,839,110 ......104.044 ..........16,126,820 ..........15,500,000 ..........14,930,660 .......................... .............12,773 ............................ .......................... ..........6.750 ..........7.098 FA...... ...........395,250 ........1,046,250 06/25/1999. 02/15/2028.<br />
478165 AE 3 JOHNSON (S.C.) & SON INC 144A.................................................... ....... .. ........... .1FE ..........18,889,789 ......100.645 ..........19,122,550 ..........19,000,000 ..........18,949,545 .......................... .............11,240 ............................ .......................... ..........5.000 ..........5.075 JD...... .............42,222 ...........950,000 12/12/2002. 12/15/2012.<br />
47922* AM 8 JOHNSON (SC) & SON SR NTS........................................................ ....... .. ........... ......1 ..........10,000,000 ........99.795 ............9,979,500 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.740 ..........6.740 JD...... .............50,550 ...........674,000 12/04/2001. 12/04/2013.<br />
478160 AL 8 JOHNSON _ JOHNSON DEBS.......................................................... ....... .. ........... .1FE ............8,520,120 ......103.598 ............9,790,011 ............9,450,000 ............8,594,338 .......................... .............16,081 ............................ .......................... ..........4.950 ..........5.638 MN..... .............59,771 ...........467,775 11/04/2003. 05/15/2033.<br />
478366 AN 7 JOHNSON CONTROLS INC NT......................................................... ....... .. ........... .1FE ............5,019,550 ........63.303 ............3,165,150 ............5,000,000 ............5,018,997 .......................... .................(278) ............................ .......................... ..........6.000 ..........5.971 JJ....... ...........138,333 ...........300,000 12/06/2006. 01/15/2036.<br />
478366 AQ 0 JOHNSON CONTROLS INC SR NT................................................... ....... .. ........... .1FE ............2,999,610 ........91.894 ............2,756,820 ............3,000,000 ............2,999,828 .......................... ....................78 ............................ .......................... ..........5.250 ..........5.253 JJ....... .............72,625 ...........157,500 01/09/2006. 01/15/2011.<br />
478366 AR 8 JOHNSON CONTROLS INC SR NT................................................... ....... .. ........... .1FE ..........31,291,138 ........77.494 ..........24,255,622 ..........31,300,000 ..........31,293,249 .......................... ..................755 ............................ .......................... ..........5.500 ..........5.504 JJ....... ...........793,803 ........1,721,500 01/11/2006. 01/15/2016.<br />
478366 AM 9 JOHNSON CONTROLS INC. NTS...................................................... ....... .. .........1 .1FE ..........15,561,330 ........78.772 ..........12,209,660 ..........15,500,000 ..........15,532,548 .......................... ..............(6,051) ............................ .......................... ..........4.875 ..........4.825 MS..... ...........222,490 ...........755,625 09/25/2003. 09/15/2013.<br />
479142 B* 1 JOHNSON MATTHEY PLC SER C SR N........................................... ....... .. ........... ......1 ..........15,000,000 ........96.950 ..........14,542,500 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........4.950 ..........4.950 MS..... ...........195,938 ...........742,500 03/26/2003. 03/26/2015.<br />
478165 AF 0 JOHNSON SC & SON INC 144A SR N.............................................. ....... .. ........... .1FE ............9,462,869 ........90.585 ............8,759,570 ............9,670,000 ............9,479,781 .......................... ...............3,502 ............................ .......................... ..........5.750 ..........5.904 FA...... ...........210,054 ...........556,025 11/20/2003. 02/15/2033.<br />
48003# AH 5 JONES EDWARD D & CO LP SB CAP.............................................. ....... .. ........... ......2 ..........12,000,000 ........94.809 ..........11,377,080 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........7.330 ..........7.330 JD...... .............46,423 ...........879,600 06/12/2002. 06/12/2014.<br />
48124# AA 4 JP HOSPITALITY DEFEASANCE LLC............................................... ....... .. ........... ......1 ............7,419,720 ......135.732 ..........10,070,935 ............7,419,720 ............7,419,720 .......................... .......................... ............................ .......................... ..........9.099 ..........9.099 MON.. .............56,260 ...........675,120 12/01/2004. 01/01/2018.<br />
48124# AB 2 JP HOSPITALITY DEFEASANCE LLC............................................... ....... .. ........... ......1 ............2,924,168 ......129.521 ............3,787,412 ............2,924,168 ............2,924,168 .......................... .......................... ............................ .......................... ..........8.375 ..........8.375 MON.. .............20,408 ...........244,899 12/01/2004. 02/01/2017.<br />
48124@ AA 6 JP LEGION CROSSING DEFEASANCE............................................ ....... .. ........... ......1 ............1,419,738 ......125.804 ............1,786,088 ............1,419,738 ............1,419,738 .......................... .......................... ............................ .......................... ..........8.250 ..........8.250 MON.. ...............9,761 ...........117,128 12/01/2004. 01/01/2016.<br />
46625H AT 7 JP MORGAN CHASE & CO GLBL SB N............................................ ....... .. ........... .1FE ..........22,764,790 ......101.455 ..........22,193,281 ..........21,875,000 ..........22,315,109 .......................... ............(96,730) ............................ .......................... ..........5.750 ..........5.186 JJ....... ...........625,412 ........1,257,813 07/26/2007. 01/02/2013.<br />
46625H AX 8 JP MORGAN CHASE & CO GLBL SB N............................................ LS... .. ........... .1FE ............7,612,600 ........94.292 ............7,543,360 ............8,000,000 ............7,673,219 .......................... .............41,230 ............................ .......................... ..........5.250 ..........5.961 MN..... .............70,000 ...........420,000 06/28/2007. 05/01/2015.<br />
46625H BA 7 JP MORGAN CHASE & CO GLOBAL NT.......................................... ....... .. ........... .1FE ............6,955,900 ......101.319 ............7,092,330 ............7,000,000 ............6,986,836 .......................... ...............6,575 ............................ .......................... ..........4.500 ..........4.606 MN..... .............40,250 ...........315,000 11/12/2003. 11/15/2010.<br />
46625H GY 0 JP MORGAN CHASE & CO NT.......................................................... ....... .. ........... .1FE .................14,997 ......105.552 .................15,833 .................15,000 .................14,999 .......................... ......................2 ............................ .......................... ..........6.000 ..........5.999 JJ....... ..................415 .......................... 12/11/2008. 01/15/2018.<br />
46625H AJ 9 JP MORGAN CHASE & CO SB NT.................................................... ....... .. ........... .1FE ..........13,116,875 ......102.517 ..........12,814,625 ..........12,500,000 ..........12,669,467 .......................... ............(74,081) ............................ .......................... ..........6.750 ..........6.047 FA...... ...........351,563 ...........843,750 11/05/2001. 02/01/2011.<br />
82894* AS 6 JR SIMPLOT COMPANY SR NTS...................................................... ....... .. ........... ......2 ............9,000,000 ........93.779 ............8,440,110 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........6.140 ..........6.140 MS..... ...........184,200 ...........552,600 03/01/2005. 03/01/2015.<br />
82894* AR 8 JR SIMPLOT COMPANY SR U/S NTS............................................... ....... .. ........... ......2 ............5,000,000 ......103.180 ............5,159,000 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.920 ..........7.920 AO...... .............96,800 ...........396,000 04/03/2002. 04/03/2012.<br />
484168 AC 3 KANEB PIPE LINE OPER PART LP N............................................... ....... .. ........... .2FE ..........14,215,360 ........84.166 ..........11,783,240 ..........14,000,000 ..........14,113,841 .......................... ............(22,137) ............................ .......................... ..........5.875 ..........5.664 JD...... .............68,542 ...........822,500 12/16/2003. 06/01/2013.<br />
484168 AA 7 KANEB PIPE LINE OPER PTNSHIP L............................................... ....... .. ........... .2FE ..........10,000,000 ........93.565 ............9,356,500 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.750 ..........7.750 FA...... ...........292,778 ...........775,000 02/15/2002. 02/15/2012.<br />
485134 BC 3 KANSAS CITY POWER & LIGHT CO S............................................. ....... .. ........... .2FE ..........16,794,607 ......100.384 ..........15,785,384 ..........15,725,000 ..........16,129,689 .......................... ..........(127,040) ............................ .......................... ..........6.500 ..........5.517 MN..... ...........130,605 ........1,022,125 01/17/2003. 11/15/2011.<br />
48562@ AA 5 KAR HLDGS INC TRNCH B (ADESA)................................................ ....... .. .......23 .4FE ............6,699,795 ........57.333 ............3,841,194 ............6,699,795 ............6,699,795 .......................... .......................... ............................ .......................... ..........4.950 ..........7.610 MON.. .............28,090 ...........394,264 04/18/2007. 12/30/2014.<br />
486606 A* 7 KAYNE ANDERSON MLP INV CO SER............................................ ....... .. ........... .1FE ..........17,000,000 ........99.000 ..........16,830,000 ..........17,000,000 ..........17,000,000 .......................... .......................... ............................ .......................... ..........5.645 ..........5.645 JD...... .............31,988 ...........479,825 06/19/2008. 06/19/2011.<br />
486606 B@ 4 KAYNE ANDERSON MLP INV CO SER............................................ ....... .. ........... .1FE ..........10,000,000 ........96.500 ............9,650,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.991 ..........5.991 JD...... .............19,970 ...........299,550 06/19/2008. 06/19/2013.<br />
482439 AA 4 KCT INTERNATIONAL TRANS CORP 1............................................ ....... .. ........... .2FE ............4,872,927 ......118.486 ............5,773,736 ............4,872,927 ............4,872,927 .......................... .......................... ............................ .......................... ..........6.884 ..........6.884 FA...... ...........139,772 ...........335,453 09/01/2002. 08/01/2018.<br />
487836 AS 7 KELLOGG CO GLOBAL SER B NT.................................................... ....... .. ........... .1FE ..........10,412,135 ......104.660 ..........10,989,300 ..........10,500,000 ..........10,474,276 .......................... .............10,201 ............................ .......................... ..........6.600 ..........6.717 AO...... ...........173,250 ...........693,000 10/15/2001. 04/01/2011.<br />
487836 AT 5 KELLOGG CO NT............................................................................... ....... .. ........... .1FE ..........10,905,840 ......122.180 ..........12,218,000 ..........10,000,000 ..........10,839,189 .......................... ............(16,434) ............................ .......................... ..........7.450 ..........6.714 AO...... ...........186,250 ...........745,000 05/13/2004. 04/01/2031.<br />
487836 AZ 1 KELLOGG CO SR NT......................................................................... ....... .. ........... .1FE ............2,033,260 ........99.966 ............1,999,320 ............2,000,000 ............2,030,869 .......................... ..............(2,392) ............................ .......................... ..........5.125 ..........4.688 JD...... ...............7,972 .............51,250 08/26/2008. 12/03/2012.<br />
49228R AE 3 KERN RIVER FNDG CORP GTD 144A.............................................. ....... .. .........2 .1FE ..........35,410,941 ........78.558 ..........27,614,500 ..........35,151,736 ..........35,337,834 .......................... ............(16,054) ............................ .......................... ..........4.893 ..........4.817 MON.. ...........142,083 ........1,726,957 06/22/2005. 04/30/2018.<br />
49228R AC 7 KERN RIVER FUNDING CORP SER 14............................................ ....... .. ........... .1FE ..........16,618,988 ........83.715 ..........13,692,323 ..........16,355,878 ..........16,467,575 .......................... ............(19,501) ............................ .......................... ..........6.676 ..........6.524 MON.. ...............2,759 ........1,183,500 06/04/2002. 07/31/2016.<br />
492386 AK 3 KERR MCGEE CORP DB................................................................... ....... .. ........... .2FE ............1,026,600 ........87.701 ...............877,010 ............1,000,000 ............1,025,781 .......................... .................(658) ............................ .......................... ..........7.125 ..........6.878 AO...... .............15,042 .............71,250 09/25/2007. 10/15/2027.<br />
492386 AS 6 KERR MCGEE CORP NT................................................................... ....... .. .........1 .2FE ............5,560,200 ........98.963 ............4,948,150 ............5,000,000 ............5,219,819 .......................... ............(73,857) ............................ .......................... ..........6.875 ..........5.114 MS..... ...........101,215 ...........343,750 11/21/2003. 09/15/2011.<br />
492386 AT 4 KERR MCGEE CORP NT................................................................... ....... .. ........... .2FE ............5,795,650 ........92.055 ............4,602,750 ............5,000,000 ............5,735,012 .......................... ............(13,687) ............................ .......................... ..........7.875 ..........6.615 MS..... ...........115,938 ...........393,750 11/21/2003. 09/15/2031.<br />
492386 AU 1 KERR MCGEE CORP NT................................................................... ....... .. ........... .2FE ............2,770,975 ........87.685 ............2,192,125 ............2,500,000 ............2,738,848 .......................... ..............(9,142) ............................ .......................... ..........6.950 ..........5.994 JJ....... .............86,875 ...........173,750 03/03/2005. 07/01/2024.
E10.53<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
G5241# AC 1 KERRY GRP FINL SVCS TR C SR NT.............................................. ....... F ........... ......2 ..........38,000,000 ........91.567 ..........34,795,460 ..........38,000,000 ..........38,000,000 .......................... .......................... ............................ .......................... ..........5.140 ..........5.140 AO...... ...........330,959 ........1,953,200 04/30/2003. 04/30/2015.<br />
492520 A@ 0 KERZNER INTL LTD/NO AM INC DEL............................................... ....... .. .......23 ....4Z ............1,774,391 ........45.000 ...............803,605 ............1,785,789 ............1,777,000 .......................... ...............1,484 ............................ .......................... ..........5.901 ..........8.528 MON.. ...............8,926 .............91,686 03/08/2007. 08/31/2013.<br />
492520 A* 2 KERZNER INTL LTD/NO AM TRNCH B............................................. ....... .. .......23 ....4Z ............3,535,279 ........45.000 ............1,601,645 ............3,559,211 ............3,540,807 .......................... ...............2,963 ............................ .......................... ..........5.901 ..........8.534 MON.. .............51,992 ...........211,577 03/08/2007. 08/31/2013.<br />
49306B NR 0 KEY BANK NA MTN............................................................................ ....... .. ........... .1FE ............7,000,000 ........81.495 ............5,704,650 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.091 ..........5.091 MS..... .............94,042 ...........356,370 03/21/2003. 03/26/2015.<br />
49306C AG 6 KEY BANK NA SB MTN...................................................................... ....... .. ........... .1FE ............9,851,900 ........66.867 ............6,686,700 ..........10,000,000 ............9,886,471 .......................... ...............9,180 ............................ .......................... ..........4.625 ..........4.774 JD...... .............20,556 ...........462,500 08/04/2005. 06/15/2018.<br />
49306C AD 3 KEY BANK NA SER BKNT SB NT...................................................... ....... .. ........... .1FE ............3,832,864 ........96.990 ............3,515,888 ............3,625,000 ............3,682,595 .......................... ............(25,136) ............................ .......................... ..........7.000 ..........6.175 FA...... ...........105,729 ...........253,750 01/23/2002. 02/01/2011.<br />
49306C AB 7 KEY BANK NA SUB DEBS................................................................. ....... .. ........... .1FE ............5,670,050 ........76.766 ............3,838,300 ............5,000,000 ............5,587,029 .......................... ............(16,276) ............................ .......................... ..........6.950 ..........5.915 FA...... ...........144,792 ...........347,500 02/20/2003. 02/01/2028.<br />
49306C AH 4 KEY BANK NA SUB NTS.................................................................... ....... .. ........... .1FE ............6,363,000 ........88.014 ............5,280,840 ............6,000,000 ............6,242,987 .......................... ............(37,557) ............................ .......................... ..........5.800 ..........4.951 JJ....... ...........174,000 ...........348,000 08/04/2005. 07/01/2014.<br />
49327X AA 8 KEY BANK NA SUB NTS.................................................................... ....... .. ........... .1FE ..........16,663,398 ........79.954 ..........13,352,318 ..........16,700,000 ..........16,673,553 .......................... ...............3,246 ............................ .......................... ..........4.950 ..........4.978 MS..... ...........243,403 ...........826,650 09/12/2005. 09/15/2015.<br />
492914 AR 7 KEY ENERGY SERVICES INC SR NT............................................... ....... .. .........1 .4FE ............1,500,000 ........66.000 ...............990,000 ............1,500,000 ............1,500,000 .......................... .......................... ............................ .......................... ..........8.375 ..........8.375 JD...... .............10,469 ...........126,323 11/14/2007. 12/01/2014.<br />
49327X AB 6 KEYBANK NA CLEVELAND OH MTN................................................ ....... .. ........... .1FE ............2,499,400 ........78.762 ............1,969,050 ............2,500,000 ............2,499,538 .......................... ....................51 ............................ .......................... ..........5.450 ..........5.453 MS..... .............40,118 ...........136,250 02/28/2006. 03/03/2016.<br />
49337W AH 3 KEYSPAN CORP BD.......................................................................... ....... .. .........1 .1FE ..........11,150,000 ........78.836 ............8,869,050 ..........11,250,000 ..........11,158,422 .......................... ...............1,643 ............................ .......................... ..........5.875 ..........5.939 AO...... ...........165,234 ...........660,938 11/19/2003. 04/01/2033.<br />
49337W AC 4 KEYSPAN CORP NT.......................................................................... ....... .. ........... .1FE ..........18,929,575 ........99.098 ..........16,351,170 ..........16,500,000 ..........18,685,487 .......................... ............(44,103) ............................ .......................... ..........8.000 ..........6.816 MN..... ...........168,667 ........1,320,000 01/06/2003. 11/15/2030.<br />
49337W AG 5 KEYSPAN CORP NT.......................................................................... ....... .. .........1 .1FE ............8,658,632 ........95.738 ............8,444,092 ............8,820,000 ............8,737,092 .......................... .............17,140 ............................ .......................... ..........4.650 ..........4.898 AO...... ...........102,533 ...........410,130 02/02/2004. 04/01/2013.<br />
49337W AB 6 KEYSPAN CORP NTS........................................................................ ....... .. ........... .1FE ..........35,138,536 ......104.118 ..........32,276,580 ..........31,000,000 ..........32,238,607 .......................... ..........(615,981) ............................ .......................... ..........7.625 ..........5.350 MN..... ...........302,035 ........2,363,750 03/02/2005. 11/15/2010.<br />
49337E AA 8 KEYSPAN GAS EAST CORP NT....................................................... ....... .. ........... .1FE ..........17,521,590 ......102.832 ..........16,967,280 ..........16,500,000 ..........16,667,086 .......................... ..........(144,580) ............................ .......................... ..........7.875 ..........6.888 FA...... ...........541,406 ........1,299,375 02/08/2002. 02/01/2010.<br />
494368 BB 8 KIMBERLY CLARK CORP NT............................................................ ....... .. ........... .1FE ..........12,163,034 ......106.540 ..........12,997,880 ..........12,200,000 ..........12,167,008 .......................... ...............2,840 ............................ .......................... ..........6.125 ..........6.166 FA...... ...........311,354 ...........749,326 07/25/2007. 08/01/2017.<br />
494368 BD 4 KIMBERLY CLARK CORP SR NT...................................................... ....... .. ........... .1FE ............4,981,700 ......117.756 ............5,887,800 ............5,000,000 ............4,981,893 .......................... ..................193 ............................ .......................... ..........7.500 ..........7.553 MN..... .............59,375 .......................... 10/30/2008. 11/01/2018.<br />
494368 AS 2 KIMBERLY-CLARK CORP DB............................................................ ....... .. ........... .1FE ............3,240,221 ......107.163 ............3,493,514 ............3,260,000 ............3,240,478 .......................... ..................257 ............................ .......................... ..........6.375 ..........6.300 JJ....... ...........103,913 .......................... 06/30/2008. 01/01/2028.<br />
494368 AR 4 KIMBERLY-CLARK CORP NT............................................................ ....... .. ........... .1FE ..........10,466,495 ......103.688 ..........10,887,240 ..........10,500,000 ..........10,487,474 .......................... ...............3,567 ............................ .......................... ..........5.625 ..........5.667 FA...... ...........223,125 ...........590,625 02/05/2002. 02/15/2012.<br />
494368 BC 6 KIMBERLY-CLARK NT....................................................................... ....... .. ........... .1FE ............9,894,600 ......112.199 ..........11,219,900 ..........10,000,000 ............9,896,255 .......................... ...............1,184 ............................ .......................... ..........6.625 ..........6.707 JJ....... ...........277,882 ...........664,340 07/25/2007. 08/01/2037.<br />
49446Q BA 8 KIMCO REALTY CORP MTN............................................................. ....... .. .........1 .2FE ............7,500,000 ........85.548 ............6,416,100 ............7,500,000 ............7,500,000 .......................... .......................... ............................ .......................... ..........4.820 ..........4.820 AO...... .............90,375 ...........361,500 08/10/2004. 08/15/2011.<br />
49446Q AY 7 KIMCO REALTY CORP MTN SER C................................................. ....... .. ........... .2FE ............5,000,405 ........70.605 ............3,431,403 ............4,860,000 ............4,936,956 .......................... ............(14,093) ............................ .......................... ..........5.190 ..........4.813 AO...... .............63,059 ...........252,234 01/13/2004. 10/01/2013.<br />
494550 AH 9 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ..........31,692,130 ........97.264 ..........30,151,840 ..........31,000,000 ..........31,229,100 .......................... ............(95,577) ............................ .......................... ..........6.750 ..........6.381 MS..... ...........616,125 ........2,092,500 10/17/2003. 03/15/2011.<br />
494550 AJ 5 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ..........16,222,310 ........85.738 ..........15,647,185 ..........18,250,000 ..........16,367,528 .......................... .............24,804 ............................ .......................... ..........7.400 ..........7.427 MS..... ...........397,647 ........1,350,500 07/02/2001. 03/15/2031.<br />
494550 AR 7 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. .........1 .2FE ..........10,805,960 ........87.204 ............9,592,440 ..........11,000,000 ..........10,885,906 .......................... .............19,347 ............................ .......................... ..........5.000 ..........5.239 JD...... .............24,444 ...........550,000 10/25/2004. 12/15/2013.<br />
494550 AS 5 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ..........15,830,120 ........87.120 ..........13,939,200 ..........16,000,000 ..........15,850,195 .......................... .............18,660 ............................ .......................... ..........5.125 ..........5.311 MN..... ...........104,778 ...........820,000 02/14/2008. 11/15/2014.<br />
494550 AT 3 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. .........1 .2FE ............9,779,810 ........69.620 ............7,665,162 ..........11,010,000 ............9,800,139 .......................... .............16,398 ............................ .......................... ..........5.800 ..........6.692 MS..... ...........188,026 ...........638,000 12/15/2008. 03/15/2035.<br />
494550 AW 6 KINDER MORGAN ENERGY PARTNERS......................................... ....... .. ........... .2FE ............5,009,623 ........80.875 ............4,047,794 ............5,005,000 ............5,009,580 .......................... ...................(43) ............................ .......................... ..........6.950 ..........6.942 JJ....... ...........160,396 ...........173,924 06/03/2008. 01/15/2038.<br />
49455W AB 2 KINDER MORGAN FIN CORP ULC GTD........................................... ....... .. ........... .3FE ............9,990,200 ........89.250 ............8,925,000 ..........10,000,000 ............9,995,791 .......................... ...............1,929 ............................ .......................... ..........5.350 ..........5.371 JJ....... ...........261,556 ...........535,000 12/06/2005. 01/05/2011.<br />
49455W AD 8 KINDER MORGAN FIN CORP ULC GTD........................................... ....... .. ........... .3FE ............9,990,300 ........74.500 ............7,450,000 ..........10,000,000 ............9,992,688 .......................... ..................827 ............................ .......................... ..........5.700 ..........5.712 JJ....... ...........278,667 ...........570,000 12/06/2005. 01/05/2016.<br />
49455W AF 3 KINDER MORGAN FIN CORP ULC GTD........................................... ....... .. ........... .3FE ............2,997,780 ........55.000 ............1,650,000 ............3,000,000 ............2,997,863 .......................... ....................29 ............................ .......................... ..........6.400 ..........6.405 JJ....... .............93,867 ...........192,000 12/06/2005. 01/05/2036.<br />
499040 AL 7 KNIGHT-RIDDER INC DEBS.............................................................. ....... .. .........1 .5FE ............1,478,505 ........15.500 ...............232,500 ............1,500,000 ...............232,500 .......................... ..................419 ...........1,248,502 .......................... ..........6.875 ..........6.994 MS..... .............30,365 ...........103,125 06/24/2002. 03/15/2029.<br />
499040 AN 3 KNIGHT-RIDDER INC NTS................................................................. ....... .. .........1 .5FE ............2,803,470 ........16.000 ...............480,000 ............3,000,000 ...............480,000 .......................... .............19,146 ...........2,384,765 .......................... ..........4.625 ..........5.541 MN..... .............23,125 ...........138,750 08/03/2005. 11/01/2014.<br />
500255 AF 1 KOHLS CORP DB............................................................................... ....... .. ........... .2FE ..........16,386,467 ........74.864 ..........11,017,735 ..........14,717,000 ..........16,236,238 .......................... ............(35,780) ............................ .......................... ..........7.250 ..........6.340 JD...... .............88,915 ........1,066,983 02/07/2007. 06/01/2029.<br />
500255 AP 9 KOHLS CORP SR NT......................................................................... ....... .. ........... .2FE ............7,031,793 ........80.083 ............5,605,810 ............7,000,000 ............7,028,851 .......................... ..............(2,361) ............................ .......................... ..........6.250 ..........6.312 JD...... .............19,444 ...........531,076 09/25/2007. 12/15/2017.<br />
N4281@ BB 0 KONINKLIJKE VOPAK NV SER N SR............................................... ....... F ........... ......2 ............7,000,000 ........86.663 ............6,066,410 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.890 ..........5.890 JD...... .............13,743 ...........412,300 12/19/2007. 06/19/2017.<br />
N4281@ BC 8 KONINKLIJKE VOPAK NV SER O SR............................................... ....... F ........... ......2 ..........13,000,000 ........84.064 ..........10,928,320 ..........13,000,000 ..........13,000,000 .......................... .......................... ............................ .......................... ..........5.990 ..........5.990 JD...... .............25,957 ...........778,700 12/19/2007. 06/19/2019.<br />
N4281@ BD 6 KONINKLIJKE VOPAK NV SER P SR................................................ ....... F ........... ......2 ............5,000,000 ........79.168 ............3,958,400 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.140 ..........6.140 JD...... .............10,233 ...........307,000 12/19/2007. 06/19/2022.<br />
48268@ AG 9 KPMG LLP SER 2008 SR NT............................................................. ....... .. ........... ......1 ..........45,069,034 ......102.392 ..........46,076,400 ..........45,000,000 ..........45,069,034 .......................... .......................... ............................ .......................... ..........6.250 ..........6.250 JD...... ........1,296,875 .......................... 07/15/2008. 07/15/2015.<br />
50075N AC 8 KRAFT FOODS INC NT...................................................................... ....... .. ........... .2FE ..........23,828,025 ........95.977 ..........22,074,710 ..........23,000,000 ..........23,798,814 .......................... ............(16,145) ............................ .......................... ..........6.500 ..........6.210 MN..... ...........249,167 ........1,495,000 01/11/2007. 11/01/2031.<br />
50075N AM 6 KRAFT FOODS INC NT...................................................................... ....... .. ........... .2FE .................28,126 ......100.153 .................29,044 .................29,000 .................28,655 .......................... ..................378 ............................ .......................... ..........4.125 ..........5.540 MN..... ..................163 ...............1,196 07/26/2007. 11/12/2009.<br />
50075N AU 8 KRAFT FOODS INC NT...................................................................... ....... .. ........... .2FE ..........20,115,160 ........97.990 ..........19,598,000 ..........20,000,000 ..........20,110,433 .......................... ..............(4,727) ............................ .......................... ..........6.125 ..........6.042 FA...... ...........510,417 ...........623,389 08/29/2008. 02/01/2018.<br />
50075N AS 3 KRAFT FOODS INC SR UNSEC NT.................................................. ....... .. .........3 .2FE ..........10,256,800 ......100.514 ..........10,051,400 ..........10,000,000 ..........10,231,015 .......................... ............(19,790) ............................ .......................... ..........6.500 ..........5.658 FA...... ...........252,778 ...........646,390 08/30/2007. 08/11/2017.<br />
501044 CA 7 KROGER CO GTD SR NT.................................................................. ....... .. ........... .2FE ............3,139,867 ......103.251 ............3,113,018 ............3,015,000 ............3,053,161 .......................... ............(15,200) ............................ .......................... ..........6.800 ..........6.189 AO...... .............51,255 ...........204,000 12/22/2008. 04/01/2011.<br />
501044 BZ 3 KROGER CO SR NT........................................................................... LS... .. ........... .2FE ..........14,857,980 ......111.029 ..........15,544,060 ..........14,000,000 ..........14,822,671 .......................... ............(15,147) ............................ .......................... ..........7.500 ..........6.975 AO...... ...........262,500 ........1,050,000 07/14/2006. 04/01/2031.<br />
501044 CK 5 KROGER CO SR NT........................................................................... ....... .. ........... .2FE ...................9,481 ......104.789 .................10,479 .................10,000 ...................9,481 .......................... .......................... ............................ .......................... ..........6.900 ..........7.332 AO...... ..................146 .......................... 12/05/2008. 04/15/2038.<br />
501044 CE 9 KROGER COMPANY NT.................................................................... LS... .. .........1 .2FE ............8,009,120 ........99.100 ............7,928,000 ............8,000,000 ............8,005,194 .......................... ..............(1,106) ............................ .......................... ..........5.500 ..........5.482 FA...... ...........183,333 ...........440,000 05/06/2004. 02/01/2013.<br />
501044 CD 1 KROGER COMPANY SR NT.............................................................. ....... .. ........... .2FE ............3,318,054 ......101.764 ............3,052,920 ............3,000,000 ............3,138,932 .......................... ............(36,159) ............................ .......................... ..........6.200 ..........4.732 JD...... ...............8,267 ...........186,000 05/16/2003. 06/15/2012.<br />
501044 CL 3 KROGER COMPANY SR NT.............................................................. ....... .. ........... .2FE .................45,340 ......105.120 .................47,304 .................45,000 .................45,337 .......................... .....................(3) ............................ .......................... ..........7.500 ..........7.321 JJ....... ..................338 .......................... 12/08/2008. 01/15/2014.<br />
501044 BM 2 KROGER CORP NTS......................................................................... ....... .. .........1 .2FE ............4,360,700 ......103.349 ............5,167,450 ............5,000,000 ............4,553,019 .......................... .............28,271 ............................ .......................... ..........6.800 ..........8.129 JD...... .............15,111 ...........340,000 10/21/1999. 12/15/2018.<br />
501044 BX 8 KROGER CORP NTS......................................................................... ....... .. .........1 .2FE ............4,991,400 ......101.639 ............5,081,950 ............5,000,000 ............4,998,672 .......................... ...............1,125 ............................ .......................... ..........8.050 ..........8.075 FA...... ...........167,708 ...........402,500 02/04/2000. 02/01/2010.<br />
501044 E@ 6 KROGER CORP 1ST MTG................................................................. ....... .. ........... ......2 ............8,200,616 ......101.758 ............8,344,783 ............8,200,616 ............8,200,616 .......................... .......................... ............................ .......................... ..........8.730 ..........8.730 MJSD. .............31,818 ...........894,892 02/28/1995. 06/15/2009.<br />
48268E AB 1 KT CORP 144A MTN........................................................................... ....... .. ........... .1FE ..........14,254,390 ........84.137 ..........12,199,865 ..........14,500,000 ..........14,325,774 .......................... .............21,933 ............................ .......................... ..........4.875 ..........5.093 JJ....... ...........325,948 ...........706,875 07/11/2005. 07/15/2015.
E10.54<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
50150Q AB 1 KUZNETSKI CAP SA LN PARTN 144A.............................................. ....... .. ........... .2FE ............3,000,000 ........61.565 ............1,846,950 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........7.335 ..........7.335 MN..... .............29,951 ...........220,050 05/05/2006. 05/13/2013.<br />
501673 AA 5 LA ARENA FUNDING LLC ARENA REV............................................ ....... .. .........2 .1FE ..........18,146,270 ........97.439 ..........17,681,544 ..........18,146,270 ..........18,146,270 .......................... .......................... ............................ .......................... ..........7.656 ..........7.656 JD...... .............61,746 ........1,389,279 01/01/2003. 12/15/2026.<br />
50540R AD 4 LABORATORY CORP OF AMERICA NTS......................................... ....... .. .........1 .2FE ..........17,095,730 ........95.953 ..........16,312,010 ..........17,000,000 ..........17,063,475 .......................... ............(13,742) ............................ .......................... ..........5.500 ..........5.396 FA...... ...........389,583 ...........935,000 09/14/2005. 02/01/2013.<br />
505447 AH 5 LABRANCHE & CO INC SR NT.......................................................... ....... .. .........1 .4FE ............4,635,250 ........87.000 ............3,654,000 ............4,200,000 ............4,358,167 .......................... ..........(112,616) ............................ .......................... ........11.000 ..........8.704 MN..... .............59,033 ...........462,000 01/12/2007. 05/15/2012.<br />
505588 BD 4 LACLEDE GAS CO NTS..................................................................... ....... .. ........... .1FE ............8,962,650 ........95.814 ............8,623,260 ............9,000,000 ............8,971,250 .......................... ...............2,014 ............................ .......................... ..........5.500 ..........5.541 MN..... .............82,500 ...........495,000 04/21/2004. 05/01/2019.<br />
507199 AB 3 LAGUNA DEV CORP ENTERPRISE TXB.......................................... ....... .. .........2 .3FE ..........14,600,000 ........83.492 ..........12,189,832 ..........14,600,000 ..........14,600,000 .......................... .......................... ............................ .......................... ..........6.660 ..........6.660 JD...... .............81,030 ...........972,360 08/18/2006. 06/01/2015.<br />
507199 AC 1 LAGUNA DEV CORP ENTERPRISE TXB.......................................... ....... .. .........1 .3FE ..........15,000,000 ........74.614 ..........11,192,100 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.260 ..........7.260 JD...... .............90,750 ........1,089,000 08/18/2006. 06/01/2021.<br />
51157* AA 2 LAKEHEAD PIPELINE FMB............................................................... ....... .. ........... ......1 ............1,452,642 ......108.441 ............1,301,292 ............1,200,000 ............1,235,856 .......................... ............(22,658) ............................ .......................... ..........9.150 ..........7.549 JD...... ...............4,880 ...........109,800 01/01/1998. 12/15/2011.<br />
511546 AA 1 LAKEHEAD PIPELINE NKA ENBRIDGE............................................ ....... .. .........1 .2FE ..........14,960,100 ........83.544 ..........12,531,600 ..........15,000,000 ..........14,973,894 .......................... ...............1,813 ............................ .......................... ..........7.000 ..........7.025 AO...... ...........262,500 ........1,050,000 09/28/1998. 10/01/2018.<br />
511546 AB 9 LAKEHEAD PIPELINE NKA ENBRIDGE............................................ ....... .. .........1 .2FE ............9,026,873 ........82.678 ............7,908,151 ............9,565,000 ............9,089,270 .......................... .............10,145 ............................ .......................... ..........7.125 ..........7.616 AO...... ...........170,377 ...........681,506 05/01/2001. 10/01/2028.<br />
51265# AA 7 LAKEWOOD PIPELINE EASEMENT ARC......................................... ....... .. ........... ......1 ............1,288,247 ......111.395 ............1,435,043 ............1,288,247 ............1,288,247 .......................... .......................... ............................ .......................... ..........8.110 ..........8.110 A........ .............78,358 ...........104,477 04/01/2004. 04/01/2026.<br />
513075 AP 6 LAMAR MEDIA CORP SR SB SER B N............................................. ....... .. .........1 .3FE ............3,825,000 ........72.250 ............2,890,000 ............4,000,000 ............3,847,607 .......................... .............17,295 ............................ .......................... ..........6.625 ..........7.361 FA...... ...........100,111 ...........265,000 08/29/2007. 08/15/2015.<br />
X4761* AB 1 LANDSBANKI ISLANDS HF 2006-1 T................................................ ....... F ........... ......1 ............1,400,000 ........99.759 ..........27,932,520 ..........28,000,000 ............1,400,000 .......................... .......................... .........26,600,000 .......................... ..........5.740 ..........5.740 MS..... ...............4,463 ........1,607,200 03/30/2006. 03/30/2009.<br />
52107Q AE 5 LAZARD GROUP LLC SR NT............................................................. ....... .. ........... .2FE ..........17,887,330 ........63.661 ..........11,458,980 ..........18,000,000 ..........17,899,728 .......................... ...............8,449 ............................ .......................... ..........6.850 ..........6.920 JD...... .............54,800 ........1,233,000 09/24/2007. 06/15/2017.<br />
52107Q AC 9 LAZARD LLC SR NT........................................................................... ....... .. ........... .2FE ............9,992,100 ........63.507 ............6,350,700 ..........10,000,000 ............9,994,355 .......................... ..................678 ............................ .......................... ..........7.125 ..........7.136 MN..... .............91,042 ...........712,500 05/04/2005. 05/15/2015.<br />
52108H LP 7 LB UBS COMML MTG TR 2002-C4 CL.............................................. ....... .. .........2 .1FE ............6,029,758 ........90.605 ............5,436,300 ............6,000,000 ............6,012,857 .......................... ..............(3,084) ............................ .......................... ..........5.125 ..........5.085 MON.. .............17,083 ...........307,500 09/26/2002. 10/15/2035.<br />
521865 AJ 4 LEAR CORP SR NT............................................................................ LS... .. ........... .4FE ..........25,202,850 ........37.000 ............9,250,000 ..........25,000,000 ..........25,128,944 .......................... ............(19,243) ............................ .......................... ..........5.750 ..........5.640 FA...... ...........598,958 ........1,437,500 11/02/2004. 08/01/2014.<br />
523352 A@ 1 LEE & MAN PAPER MFG LTD SER B............................................... ....... F ........... ......2 ..........21,000,000 ........91.059 ..........19,122,390 ..........21,000,000 ..........21,000,000 .......................... .......................... ............................ .......................... ..........6.810 ..........6.810 JJ....... ...........659,435 ...........715,050 01/15/2008. 01/15/2018.<br />
524660 AV 9 LEGGETT PLATT INC NTS................................................................ ....... .. .........1 .1FE ..........14,944,600 ........90.452 ..........13,567,800 ..........15,000,000 ..........14,960,586 .......................... ...............4,867 ............................ .......................... ..........5.000 ..........5.047 FA...... ...........283,333 ...........750,000 09/15/2005. 08/15/2015.<br />
Q5516@ AA 4 LEIGHTON FIN LTD SER A GTD SR................................................. ....... F ........... ....2Z ............2,000,000 ........97.631 ............1,952,620 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........6.910 ..........6.910 AO...... .............29,176 .......................... 10/15/2008. 10/15/2013.<br />
Q5516@ AC 0 LEIGHTON FIN LTD SER C GTD SR................................................. ....... F ........... ......2 ..........30,000,000 ........91.989 ..........27,596,700 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........7.660 ..........7.660 AO...... ...........485,133 .......................... 10/15/2008. 10/15/2018.<br />
526057 AG 9 LENNAR CORP NT............................................................................. LS... .. ........... .3FE ..........36,160,097 ........69.000 ..........24,495,000 ..........35,500,000 ..........35,843,753 .......................... ............(73,641) ............................ .......................... ..........5.950 ..........5.680 MS..... ...........704,083 ........2,112,250 05/21/2004. 03/01/2013.<br />
526057 AW 4 LENNAR CORP SR NT....................................................................... ....... .. ........... .3FE ............7,490,475 ........61.000 ............4,575,000 ............7,500,000 ............7,492,468 .......................... ..................785 ............................ .......................... ..........6.500 ..........6.518 JD...... .............21,667 ...........487,500 04/19/2006. 04/15/2016.<br />
527288 BD 5 LEUCADIA NATL CORP SR NT......................................................... ....... .. ........... .3FE ............4,519,400 ........80.250 ............3,611,250 ............4,500,000 ............4,517,053 .......................... ..............(1,881) ............................ .......................... ..........8.125 ..........8.250 MS..... ...........107,656 ...........355,469 09/21/2007. 09/15/2015.<br />
527288 AS 3 LEUCADIA NATL CORP SR NTS....................................................... ....... .. ........... .3FE ............1,430,361 ........79.500 ............1,132,875 ............1,425,000 ............1,428,321 .......................... .................(607) ............................ .......................... ..........7.000 ..........6.939 FA...... .............37,683 .............99,750 02/16/2006. 08/15/2013.<br />
529894 AE 7 LG CALTEX OIL CORP NT 144A....................................................... ....... F ........... .2FE ..........12,935,840 ........73.746 ............9,586,980 ..........13,000,000 ..........12,959,456 .......................... ...............5,945 ............................ .......................... ..........5.500 ..........5.565 FA...... ...........250,250 ...........715,000 08/17/2004. 08/25/2014.<br />
50186Q AA 1 LG ELECTRONICS INC NT 144A....................................................... ....... .. ........... .2FE ..........13,431,690 ........88.788 ..........11,986,380 ..........13,500,000 ..........13,478,185 .......................... .............14,001 ............................ .......................... ..........5.000 ..........5.116 JD...... .............26,250 ...........675,000 06/10/2005. 06/17/2010.<br />
53079E AC 8 LIBERTY MUTUAL GROUP INC GTD S............................................ LS... .. ........... .2FE ..........34,178,322 ........64.644 ..........23,236,286 ..........35,945,000 ..........34,648,386 .......................... ...........202,648 ............................ .......................... ..........5.750 ..........6.578 MS..... ...........608,569 ........2,066,838 08/03/2006. 03/15/2014.<br />
53079E AG 9 LIBERTY MUTUAL GROUP INC SR NT............................................ ....... .. ........... .2FE ............4,810,100 ........57.342 ............2,867,100 ............5,000,000 ............4,814,242 .......................... ...............2,517 ............................ .......................... ..........6.500 ..........6.805 MS..... .............95,694 ...........325,000 04/19/2007. 03/15/2035.<br />
53079E AK 0 LIBERTY MUTUAL GROUP INC SR 14............................................. LS... .. ........... .2FE ..........12,653,950 ........80.844 ..........10,105,500 ..........12,500,000 ..........12,627,934 .......................... ............(13,172) ............................ .......................... ..........6.700 ..........6.523 FA...... ...........316,389 ...........837,500 11/28/2006. 08/15/2016.<br />
53079E AM 6 LIBERTY MUTUAL GROUP INC SR 14............................................. ....... .. ........... .2FE ..........15,861,450 ........60.891 ............9,133,650 ..........15,000,000 ..........15,842,619 .......................... ............(10,473) ............................ .......................... ..........7.500 ..........7.032 FA...... ...........425,000 ........1,125,000 02/06/2007. 08/15/2036.<br />
532457 AN 8 LILLY (ELI) & CO................................................................................. ....... .. ........... .1FE ............2,797,682 ......108.974 ............3,269,220 ............3,000,000 ............2,894,160 .......................... .............11,265 ............................ .......................... ..........6.570 ..........7.221 JJ....... .............98,550 ...........197,100 08/13/1996. 01/01/2016.<br />
532716 AL 1 LIMITED BRANDS INC NT................................................................. ....... .. ........... .3FE ..........11,936,280 ........57.687 ............6,922,440 ..........12,000,000 ..........11,958,435 .......................... ...............5,927 ............................ .......................... ..........5.250 ..........5.319 MN..... ...........105,000 ...........630,000 01/21/2005. 11/01/2014.<br />
53354# AB 3 LINCOLN ELECTRIC HLDGS SER B S............................................. ....... .. ........... ......1 ..........20,000,000 ......100.462 ..........20,092,400 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.890 ..........5.890 MS..... ...........356,672 ........1,178,000 03/12/2002. 03/12/2009.<br />
Q5581# AB 0 LION NATHAN FIN (AUSTRALIA) PT................................................ ....... F ........... ......2 ............9,232,400 ........84.740 ............8,474,000 ..........10,000,000 ............9,358,516 .......................... .............77,206 ............................ .......................... ..........4.530 ..........5.701 FA...... ...........154,775 ...........453,000 03/27/2007. 08/28/2015.<br />
Q5581# AA 2 LION NATHAN FIN (AUSTRALIA) SR................................................ ....... F ........... ......2 ............9,238,691 ......103.914 ............9,144,432 ............8,800,000 ............8,947,929 .......................... ............(87,599) ............................ .......................... ..........8.650 ..........7.817 FA...... ...........260,077 ...........761,200 09/25/2006. 02/28/2012.<br />
538021 AH 9 LITTON INDUSTRIES SR DB............................................................. ....... .. ........... .2FE ............4,500,000 ......114.721 ............5,162,445 ............4,500,000 ............4,500,000 .......................... .......................... ............................ .......................... ..........6.980 ..........6.980 MS..... .............92,485 ...........314,100 03/14/1996. 03/15/2036.<br />
539830 AK 5 LOCKHEED MARTIN CORPORATION.............................................. ....... .. ........... .1FE ............6,556,100 ......125.622 ............6,281,100 ............5,000,000 ............6,395,004 .......................... ............(32,276) ............................ .......................... ..........8.500 ..........6.117 JD...... .............35,417 ...........425,000 04/03/2003. 12/01/2029.<br />
540424 AE 8 LOEWS CORP DEBS......................................................................... ....... .. ........... .1FE ............1,150,379 ......100.899 ............1,357,092 ............1,345,000 ............1,300,128 .......................... .............16,501 ............................ .......................... ..........8.875 ........10.551 AO...... .............25,200 ...........119,369 10/21/1987. 04/15/2011.<br />
542290 AF 8 LONE STAR INDS 144A GTD SR NT................................................. ....... .. ........... .2FE ............3,503,500 ........98.424 ............3,789,324 ............3,850,000 ............3,760,376 .......................... .............55,399 ............................ .......................... ..........9.250 ........11.062 JD...... .............29,677 ...........356,125 01/13/2003. 06/01/2010.<br />
543859 AK 8 LORAL CORPORATION DB............................................................... ....... .. ........... .1FE ..........10,473,500 ......121.283 ..........12,128,300 ..........10,000,000 ..........10,374,623 .......................... ............(12,022) ............................ .......................... ..........8.375 ..........7.948 JD...... .............37,222 ...........837,500 09/05/1996. 06/15/2024.<br />
54401P A# 3 LORD CORP SER 2006A SR NT........................................................ ....... O ........... ......2 ..........23,546,421 ........77.503 ..........17,934,371 ..........23,140,228 ..........23,546,421 .......................... .....................(1) ............................ ..........(932,079) ..........4.762 ..........4.763 JJ....... ...........526,434 ........1,217,006 07/12/2006. 07/12/2016.<br />
EUR COST = 16,646,849.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 16,646,849................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
G5655@ AA 6 LOUGHMANE LTD SER A SR GTD NT............................................. ....... F ........... ......2 ..........26,000,000 ........96.655 ..........25,130,300 ..........26,000,000 ..........26,000,000 .......................... .......................... ............................ .......................... ..........5.320 ..........5.320 JD...... .............38,422 ........1,941,800 12/21/2004. 12/21/2011.<br />
G5655@ AC 2 LOUGHMANE LTD SER C SR GTD NT............................................. ....... F ........... ......2 ............9,730,800 ........93.428 ............9,342,800 ..........10,000,000 ............9,792,053 .......................... .............27,975 ............................ .......................... ..........5.780 ..........6.200 JD...... ...........305,056 ...........578,000 09/07/2006. 12/21/2014.<br />
546268 AF 0 LOUISIANA LAND AND EXPLORATION........................................... ....... .. ........... .1FE ............2,963,010 ......107.200 ............3,216,000 ............3,000,000 ............2,986,305 .......................... ...............2,599 ............................ .......................... ..........7.625 ..........7.752 AO...... .............48,292 ...........228,750 06/01/1995. 04/15/2013.<br />
546347 AB 1 LOUISIANA PACIFIC CORP SR NT................................................... ....... .. .........1 .3FE ............4,976,300 ........77.020 ............3,851,000 ............5,000,000 ............4,994,597 .......................... ...............2,963 ............................ .......................... ..........8.875 ..........8.948 FA...... ...........167,639 ...........443,750 08/15/2000. 08/15/2010.<br />
548661 AH 0 LOWE'S COMPANIES INC SR DB..................................................... LS... .. ........... .1FE ............4,402,950 ........97.950 ............4,177,568 ............4,265,000 ............4,385,762 .......................... ..............(3,100) ............................ .......................... ..........6.875 ..........6.610 FA...... ...........110,772 ...........293,219 08/07/2002. 02/15/2028.<br />
548661 AK 3 LOWES COMPANIES INC DB............................................................ ....... .. ........... .1FE ............6,243,746 ........88.966 ............5,587,065 ............6,280,000 ............6,247,812 .......................... ..................747 ............................ .......................... ..........6.500 ..........6.545 MS..... ...........120,192 ...........408,200 08/07/2002. 03/15/2029.<br />
548661 CA 3 LOWES COMPANIES INC NT............................................................ ....... .. ........... .1FE ..........35,409,706 ......103.879 ..........34,082,700 ..........32,810,000 ..........33,352,972 .......................... ..........(356,520) ............................ .......................... ..........8.250 ..........6.998 JD...... ...........225,569 ........2,706,825 07/16/2002. 06/01/2010.<br />
548661 CK 1 LOWES COMPANIES INC NT............................................................ ....... .. ........... .1FE ............2,391,552 ........96.715 ............2,321,160 ............2,400,000 ............2,393,055 .......................... ..................699 ............................ .......................... ..........5.400 ..........5.446 AO...... .............27,360 ...........129,600 10/03/2006. 10/15/2016.<br />
548661 CM 7 LOWES COS INC NT.......................................................................... ....... .. ........... .1FE ............6,189,522 ......101.504 ............6,293,248 ............6,200,000 ............6,191,972 .......................... ...............1,896 ............................ .......................... ..........5.600 ..........5.639 MS..... ...........102,231 ...........351,058 09/06/2007. 09/15/2012.
E10.55<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
548661 CN 5 LOWES COS INC NT.......................................................................... ....... .. ........... .1FE ............4,995,900 ........97.281 ............4,864,050 ............5,000,000 ............4,996,304 .......................... ..................313 ............................ .......................... ..........6.100 ..........6.111 MS..... .............89,806 ...........308,389 09/06/2007. 09/15/2017.<br />
501900 AC 8 LS POWER FUNDING CORP SR SECD............................................ ....... .. ........... .2FE ............1,588,030 ........99.357 ............1,526,640 ............1,536,520 ............1,549,150 .......................... ............(22,060) ............................ .......................... ..........7.190 ..........6.626 JD...... .............44,578 ...........131,126 07/02/2003. 06/30/2010.<br />
549271 AF 1 LUBRIZOL CORP SR DEB................................................................. ....... .. ........... .2FE ..........13,748,430 ........81.150 ..........11,361,000 ..........14,000,000 ..........13,756,959 .......................... ...............3,435 ............................ .......................... ..........6.500 ..........6.641 AO...... ...........227,500 ...........910,000 04/17/2006. 10/01/2034.<br />
549271 AD 6 LUBRIZOL CORP SR NT.................................................................... ....... .. ........... .2FE ..........12,574,475 ........98.224 ..........12,356,579 ..........12,580,000 ..........12,579,062 .......................... ...............1,193 ............................ .......................... ..........4.625 ..........4.635 AO...... ...........145,456 ...........581,825 08/07/2007. 10/01/2009.<br />
549271 AE 4 LUBRIZOL CORP SR NT.................................................................... LS... .. ........... .2FE ..........31,209,650 ........90.909 ..........29,090,880 ..........32,000,000 ..........31,397,433 .......................... .............85,222 ............................ .......................... ..........5.500 ..........5.888 AO...... ...........440,000 ........1,760,000 11/21/2006. 10/01/2014.<br />
54948# AB 4 LUCITE INTL US FINCO LLC TRNCH................................................ ....... .. .......23 ....4Z ...............109,167 ........81.500 .................88,971 ...............109,167 ...............109,167 .......................... .......................... ............................ .......................... ..........5.500 ..........8.270 MON.. ..................336 ...............5,838 07/19/2006. 09/30/2013.<br />
000000 00 0 LUCITE INTL US FINCO LLC TRNCH................................................ ....... .. .......23 .....6* .................28,500 ........81.500 .................31,506 .................38,657 .................28,574 .......................... ....................75 ............................ .......................... ..........5.500 ........12.078 MON.. ..................121 ...............2,068 12/01/2008. 09/30/2013.<br />
549876 AA 8 LUKOIL INTL FIN BV 144A GTD NT................................................... ....... .. ........... .2FE ............3,000,000 ........58.000 ............1,740,000 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........6.656 ..........6.656 JD...... .............13,312 ...........199,680 05/31/2007. 06/07/2022.<br />
549876 AB 6 LUKOIL INTL FIN BV 144A GTD NT................................................... ....... .. ........... .2FE ............9,529,000 ........62.500 ............5,937,500 ............9,500,000 ............9,525,559 .......................... ..............(2,238) ............................ .......................... ..........6.356 ..........6.356 JD...... .............40,255 ...........603,820 05/31/2007. 06/07/2017.<br />
55068# AE 9 LUXOTTICA U.S. HLDGS SER B SR................................................. ....... .. ........... ......2 ..........12,000,000 ........94.491 ..........11,338,920 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........6.420 ..........6.420 JJ....... ...........385,200 .......................... 07/01/2008. 07/01/2015.<br />
55068# AF 6 LUXOTTICA U.S. HLDGS SER C SR................................................. ....... .. ........... ......2 ..........13,000,000 ........90.493 ..........11,764,090 ..........13,000,000 ..........13,000,000 .......................... .......................... ............................ .......................... ..........6.770 ..........6.770 JJ....... ...........440,050 .......................... 07/01/2008. 07/01/2018.<br />
502413 AU 1 L3 COMMUNICATIONS CORP SR SB N........................................... ....... .. .........1 .3FE ...............148,192 ........93.500 ...............144,925 ...............155,000 ...............149,038 .......................... ..................663 ............................ .......................... ..........6.375 ..........5.975 AO...... ...............2,086 ...............9,881 09/13/2005. 10/15/2015.<br />
55259P AD 8 M&I MARSHALL & ILSLEY BANK NTS.............................................. ....... .. ........... .1FE ............4,935,874 ........71.134 ............3,435,772 ............4,830,000 ............4,909,614 .......................... ..............(7,953) ............................ .......................... ..........5.000 ..........4.752 JJ....... ...........110,017 ...........241,500 06/08/2005. 01/17/2017.<br />
55259P AE 6 M&I MARSHALL & ILSLEY BANK NTS.............................................. ....... .. ........... .1FE ..........10,475,300 ........77.181 ............8,104,005 ..........10,500,000 ..........10,482,803 .......................... ...............2,047 ............................ .......................... ..........4.850 ..........4.880 JD...... .............21,219 ...........509,250 09/09/2005. 06/16/2015.<br />
5525V0 BA 3 M&I MARSHALL & ILSLEY BK MILW................................................. ....... .. ........... .1FE ...............502,800 ........92.344 ...............461,720 ...............500,000 ...............501,637 .......................... .................(554) ............................ .......................... ..........5.300 ..........5.166 MS..... ...............8,318 .............26,500 11/01/2006. 09/08/2011.<br />
55259P AC 0 M&I MARSHALL & ILSLEY BK SB NT............................................... ....... .. ........... .1FE ..........18,465,239 ........89.899 ..........16,631,315 ..........18,500,000 ..........18,484,908 .......................... ...............3,598 ............................ .......................... ..........5.250 ..........5.274 MS..... ...........315,656 ...........971,250 08/21/2002. 09/04/2012.<br />
564759 K# 4 M&T BANK CORP PTC (CVS CORP................................................. ....... .. ........... ......2 ..........10,140,480 ......100.699 ..........10,211,362 ..........10,140,480 ..........10,140,480 .......................... .......................... ............................ .......................... ..........7.150 ..........7.150 MON.. .............32,224 ...........725,044 12/23/1998. 01/15/2020.<br />
X5152@ AB 3 M-REAL OYJ SER A SR NT............................................................... ....... F .........3 ......4 ..........11,650,000 ........97.263 ..........11,331,140 ..........11,650,000 ..........11,650,000 .......................... .......................... ............................ .......................... ..........8.890 ..........7.390 JD...... ...........201,729 ........1,369,060 06/25/2002. 06/25/2009.<br />
55448Q AN 6 MACK-CALI REALTY LP NT............................................................... ....... .. ........... .2FE ..........16,884,400 ........77.639 ..........13,198,630 ..........17,000,000 ..........16,936,580 .......................... .............18,709 ............................ .......................... ..........5.250 ..........5.385 JJ....... ...........411,542 ...........892,500 01/18/2006. 01/15/2012.<br />
55448Q AH 9 MACK-CALI REALTY LP NTS............................................................ LS... .. ........... .2FE ..........14,957,100 ........71.331 ..........10,699,650 ..........15,000,000 ..........14,978,496 .......................... ...............4,249 ............................ .......................... ..........4.600 ..........4.636 JD...... .............30,667 ...........690,000 06/05/2003. 06/15/2013.<br />
55448Q AJ 5 MACK-CALI REALTY LP NTS............................................................ ....... .. .........1 .2FE ..........18,332,280 ........70.466 ..........12,683,880 ..........18,000,000 ..........18,191,449 .......................... ............(32,383) ............................ .......................... ..........5.125 ..........4.887 FA...... ...........348,500 ...........922,500 03/10/2004. 02/15/2014.<br />
55474* AC 5 MACLEAN-FOGG SER B SR SECD NTS.......................................... ....... .. ........... ......4 ..........10,000,000 ........85.473 ............8,547,300 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.410 ..........7.410 JD...... ...............2,058 ........1,149,000 06/21/2005. 06/30/2012.<br />
554783 AK 6 MACMILLAN BLOEDEL LTD SR DB.................................................. ....... .. ........... .2FE ............2,878,560 ......121.206 ............3,636,180 ............3,000,000 ............2,900,631 .......................... ...............2,631 ............................ .......................... ..........7.700 ..........8.060 FA...... .............87,267 ...........231,000 02/23/1996. 02/15/2026.<br />
55616X AB 3 MACYS RETAIL HLDGS INC SR DB................................................. ....... .. ........... .2FE ............2,561,862 ........54.297 ............1,466,019 ............2,700,000 ............2,580,587 .......................... ...............2,974 ............................ .......................... ..........6.790 ..........6.998 JJ....... .............84,536 ...........183,330 01/03/2001. 07/15/2027.<br />
55616X AC 1 MACYS RETAIL HLDGS INC SR DB................................................. ....... .. ........... .2FE ............3,399,990 ........54.839 ............1,919,365 ............3,500,000 ............3,412,128 .......................... ...............1,891 ............................ .......................... ..........7.000 ..........7.238 FA...... .............92,556 ...........245,000 01/15/2003. 02/15/2028.<br />
559080 AA 4 MAGELLAN MIDSTREAM PTNS LP SR............................................ ....... .. ........... .2FE ..........22,287,480 ........94.388 ..........20,765,360 ..........22,000,000 ..........22,214,532 .......................... ............(32,506) ............................ .......................... ..........6.450 ..........6.233 JD...... ...........118,250 ........1,419,000 08/09/2006. 06/01/2014.<br />
559080 AB 2 MAGELLAN MIDSTREAM PTNS LP SR............................................ ....... .. ........... .2FE ............9,049,563 ........90.032 ............8,377,478 ............9,305,000 ............9,092,775 .......................... .............20,788 ............................ .......................... ..........5.650 ..........6.020 AO...... ...........110,988 ...........525,733 01/18/2007. 10/15/2016.<br />
559080 AC 0 MAGELLAN MIDSTREAM PTNS LP SR............................................ ....... .. ........... .2FE ............9,956,000 ........80.472 ............8,047,200 ..........10,000,000 ............9,956,876 .......................... ..................528 ............................ .......................... ..........6.400 ..........6.433 MN..... ...........106,667 ...........640,000 04/12/2007. 05/01/2037.<br />
56068T AB 3 MAJAPAHIT HLDG BV GTD 144A NT................................................ LS... .. ........... .3FE ............5,920,750 ........57.000 ............3,192,000 ............5,600,000 ............5,876,949 .......................... ............(26,043) ............................ .......................... ..........7.750 ..........6.918 AO...... .............89,211 ...........434,000 04/10/2007. 10/17/2016.<br />
56081# AC 4 MAJOR LEAGUE BASEBALL TR TERM........................................... ....... .. ........... ......1 ..........30,032,147 ........96.291 ..........29,007,664 ..........30,125,000 ..........30,052,074 .......................... .............22,166 ............................ .......................... ..........4.880 ..........4.958 JD...... .............85,756 ........1,595,414 05/15/2007. 12/16/2013.<br />
562567 AM 9 MANDALAY RESORT GROUP SR NT.............................................. LS... .. ........... .3FE ............4,500,000 ........97.000 ............4,365,000 ............4,500,000 ............4,500,000 .......................... .......................... ............................ .......................... ..........6.500 ..........6.500 JJ....... ...........122,688 ...........292,500 07/22/2003. 07/31/2009.<br />
56460V AA 4 MANTIS REEF II CUST ARRG 144A.................................................. ....... .. ........... .1FE ..........22,971,140 ......100.022 ..........23,005,060 ..........23,000,000 ..........22,994,316 .......................... ...............6,462 ............................ .......................... ..........4.799 ..........4.828 MN..... ...........177,830 ........1,103,770 02/23/2005. 11/03/2009.<br />
564905 A# 4 MAPLE LEAF FOODS INC SER E SR............................................... ....... I. ........... ......2 ..........15,000,000 ........95.876 ..........14,381,400 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........5.210 ..........5.210 JD...... .............49,929 ...........781,500 12/08/2004. 12/08/2011.<br />
564905 B* 7 MAPLE LEAF FOODS INC SER F SR............................................... ....... I. ........... ......2 ..........14,145,620 ........91.736 ..........13,301,720 ..........14,500,000 ..........14,183,904 .......................... .............38,284 ............................ .......................... ..........5.610 ..........6.051 JD...... .............51,970 ...........813,450 01/11/2008. 12/08/2014.<br />
565849 AE 6 MARATHON OIL CO SR NT............................................................... ....... .. ........... .2FE ............2,495,100 ........75.602 ............1,890,050 ............2,500,000 ............2,495,169 .......................... ....................55 ............................ .......................... ..........6.600 ..........6.615 AO...... .............41,250 ...........166,833 09/20/2007. 10/01/2037.<br />
565849 AF 3 MARATHON OIL CORP NT................................................................ ....... .. ........... .2FE ............4,032,040 ........83.516 ............3,340,640 ............4,000,000 ............4,030,172 .......................... ..............(1,868) ............................ .......................... ..........5.900 ..........5.793 MS..... .............69,489 ...........116,689 03/18/2008. 03/15/2018.<br />
56633# AF 0 MARCUS CORP SER C TRANCHE B SR......................................... ....... .. ........... ......3 ..........18,881,361 ........97.403 ..........18,367,422 ..........18,857,142 ..........18,870,233 .......................... ..............(4,519) ............................ .......................... ..........6.820 ..........6.792 MN..... ...........214,343 ........1,286,057 09/25/2006. 05/01/2014.<br />
57143* AB 4 MARQUEE CINEMAS INC SR SB NTS............................................. ....... .. .....123 .....6* ........................10 ......100.000 ............1,025,000 ............1,025,000 ........................10 .......................... .......................... ............................ .......................... ........11.000 ........23.498 MON.. ...............2,192 .............53,243 07/08/2008. 10/08/2013.<br />
57169* AJ 6 MARS INC SER B SR NT................................................................... ....... .. ........... ......1 ..........48,000,000 ........98.825 ..........47,436,000 ..........48,000,000 ..........48,000,000 .......................... .......................... ............................ .......................... ..........6.470 ..........6.470 AO...... ...........733,267 .......................... 10/06/2008. 10/06/2018.<br />
571748 AN 2 MARSH & MCLENNAN COMPANIES INC......................................... ....... .. ........... .2FE ............5,019,305 ........97.343 ............4,867,150 ............5,000,000 ............5,007,155 .......................... ..............(3,914) ............................ .......................... ..........5.150 ..........5.061 MS..... .............75,819 ...........257,500 09/14/2005. 09/15/2010.<br />
571748 AP 7 MARSH & MCLENNAN COMPANIES INC......................................... ....... .. ........... .2FE ............5,990,450 ........89.073 ............5,344,380 ............6,000,000 ............5,993,013 .......................... ..................830 ............................ .......................... ..........5.750 ..........5.771 MS..... ...........101,583 ...........345,000 09/14/2005. 09/15/2015.<br />
5525V0 AR 7 MARSHALL & ILSLEY BK MILWAUKEE............................................ ....... .. ........... .1FE ............3,158,656 ........93.973 ............3,007,136 ............3,200,000 ............3,188,998 .......................... ...............8,650 ............................ .......................... ..........4.400 ..........4.695 MS..... .............41,458 ...........140,800 04/01/2005. 03/15/2010.<br />
573284 AG 1 MARTIN MARIETTA MATERIALS NTS.............................................. ....... .. .........1 .2FE ..........23,467,230 ........95.501 ..........21,965,230 ..........23,000,000 ..........23,202,841 .......................... ............(83,616) ............................ .......................... ..........6.875 ..........6.442 AO...... ...........395,313 ........1,581,250 03/21/2005. 04/01/2011.<br />
573275 AN 4 MARTIN MARIETTA TECHNOLOGIES I............................................ ....... .. ........... .1FE ............5,901,650 ......109.504 ............6,570,240 ............6,000,000 ............5,965,427 .......................... ...............6,594 ............................ .......................... ..........7.375 ..........7.535 AO...... .............93,417 ...........442,500 06/01/1995. 04/15/2013.<br />
574599 BC 9 MASCO CORP BDS............................................................................ ....... .. .........1 .2FE ............9,948,100 ........67.599 ............6,759,900 ..........10,000,000 ............9,963,819 .......................... ...............4,664 ............................ .......................... ..........4.800 ..........4.866 JD...... .............21,333 ...........480,000 06/07/2005. 06/15/2015.<br />
574599 AN 6 MASCO CORP DB.............................................................................. ....... .. ........... .2FE ............1,907,560 ........80.470 ............1,609,400 ............2,000,000 ............1,963,840 .......................... ...............6,310 ............................ .......................... ..........7.125 ..........7.596 FA...... .............53,833 ...........142,500 06/01/1995. 08/15/2013.<br />
574599 AT 3 MASCO CORP DB.............................................................................. ....... .. ........... .2FE ............9,917,425 ........69.334 ............6,933,400 ..........10,000,000 ............9,926,752 .......................... ...............1,404 ............................ .......................... ..........7.750 ..........8.030 FA...... ...........322,917 ...........775,000 03/10/2000. 08/01/2029.<br />
574599 AX 4 MASCO CORP SR NT........................................................................ ....... .. ........... .2FE ............9,213,650 ........81.999 ............7,379,910 ............9,000,000 ............9,091,462 .......................... ............(22,770) ............................ .......................... ..........5.875 ..........5.553 JJ....... ...........243,813 ...........528,750 10/10/2002. 07/15/2012.<br />
574754 AC 1 MASHANTUCKET WEST PEQUOT TRIBE....................................... ....... .. ........... .3FE ..........12,535,280 ........32.858 ............4,107,250 ..........12,500,000 ..........12,528,789 .......................... ..............(2,042) ............................ .......................... ..........5.912 ..........5.881 MS..... ...........246,333 ...........739,000 08/01/2005. 09/01/2021.<br />
574754 AA 5 MASHANTUCKET WESTERN PEQUOT TR..................................... ....... .. .........2 .2FE ............1,262,459 ........99.500 ............1,094,500 ............1,100,000 ............1,177,525 .......................... ............(22,302) ............................ .......................... ..........6.910 ..........4.792 MS..... .............25,337 .............76,010 01/23/2004. 09/01/2012.<br />
574754 AB 3 MASHANTUCKET WESTERN PEQUOT TR..................................... ....... .. ........... .1FE ............6,343,552 ......106.758 ............6,939,268 ............6,499,998 ............6,449,970 .......................... ...............9,545 ............................ .......................... ..........6.570 ..........6.455 MS..... ...........140,707 ...........427,050 12/09/1998. 09/01/2013.<br />
57629W AK 6 MASS MUTUAL GLOBAL FUNDING NTS......................................... ....... .. ........... .1FE ............5,103,500 ........92.361 ............4,618,050 ............5,000,000 ............5,076,368 .......................... ..............(6,064) ............................ .......................... ..........5.250 ..........5.046 JJ....... ...........110,104 ...........262,500 01/23/2004. 07/31/2018.<br />
57629W AV 2 MASS MUTUAL GLOBAL FUNDING NTS......................................... ....... .. ........... .1FE ............4,852,150 ........97.566 ............4,878,300 ............5,000,000 ............4,963,191 .......................... .............29,117 ............................ .......................... ..........3.500 ..........4.132 MS..... .............51,528 ...........175,000 12/14/2004. 03/15/2010.
E10.56<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
57775P AA 5 MAX USA HLDGS INC GTD SR 144A................................................ ....... .. ........... .2FE ..........28,459,395 ........70.463 ..........20,081,955 ..........28,500,000 ..........28,464,470 .......................... ...............3,030 ............................ .......................... ..........7.200 ..........7.220 AO...... ...........427,500 ........2,052,000 04/20/2007. 04/14/2017.<br />
577778 BH 5 MAY DEPARTMENT STORES CO DB.............................................. ....... .. ........... .2FE ............3,926,520 ........54.706 ............2,188,240 ............4,000,000 ............3,935,228 .......................... ...............1,522 ............................ .......................... ..........6.700 ..........6.850 MS..... .............78,911 ...........268,000 01/23/2002. 09/15/2028.<br />
577778 BL 6 MAY DEPARTMENT STORES CO GTD B........................................ ....... .. ........... .2FE ..........11,960,400 ........60.494 ............6,049,400 ..........10,000,000 ..........11,737,414 .......................... ............(37,147) ............................ .......................... ..........8.750 ..........7.120 MN..... ...........111,806 ...........875,000 07/18/2001. 05/15/2029.<br />
577778 BM 4 MAY DEPARTMENT STORES CO NT............................................... ....... .. ........... .2FE ............1,298,278 ........73.612 ...............850,219 ............1,155,000 ............1,259,208 .......................... ..............(6,510) ............................ .......................... ..........8.500 ..........7.250 JD...... ...............8,181 .............98,175 07/06/2001. 06/01/2019.<br />
577778 BD 4 MAY DEPT STORES CO DB.............................................................. ....... .. .........1 .2FE ...............975,410 ........56.746 ...............567,460 ............1,000,000 ...............977,203 .......................... ..................219 ............................ .......................... ..........7.875 ..........8.082 FA...... .............29,750 .............78,750 08/28/1996. 08/15/2036.<br />
577778 BE 2 MAY DEPT STORES CO DB.............................................................. ....... .. ........... .2FE ...............414,057 ........78.560 ...............310,312 ...............395,000 ...............401,722 .......................... ..............(2,192) ............................ .......................... ..........7.450 ..........6.751 MS..... ...............8,665 .............29,428 04/09/2002. 09/15/2011.<br />
57859H BU 7 MAYTAG CORP NTS.......................................................................... ....... .. .........1 .2FE ............2,589,000 ........79.640 ............2,389,200 ............3,000,000 ............2,692,926 .......................... .............37,057 ............................ .......................... ..........5.000 ..........6.677 MN..... .............19,167 ...........150,000 05/09/2003. 05/15/2015.<br />
55266L BM 7 MBIA GLOBAL FUNDING LLC MTN 14............................................. ....... .. ........... .2FE ............4,980,300 ........68.027 ............3,401,350 ............5,000,000 ............4,988,082 .......................... ...............1,825 ............................ .......................... ..........5.375 ..........5.426 JD...... ...............8,212 ...........268,750 05/27/2004. 06/20/2014.<br />
55262C AJ 9 MBIA INC SR NT................................................................................. ....... .. ........... .3FE ..........14,509,261 ........40.612 ............6,118,198 ..........15,065,000 ..........14,527,097 .......................... ...............8,542 ............................ .......................... ..........5.700 ..........5.972 JD...... .............71,559 ...........858,705 02/06/2007. 12/01/2034.<br />
5526E0 AL 7 MBNA AMERICA BK NA 144A MTN.................................................. ....... .. ........... .1FE ............9,969,100 ........99.992 ............9,999,200 ..........10,000,000 ............9,995,959 .......................... ...............6,583 ............................ .......................... ..........4.625 ..........4.695 FA...... ...........190,139 ...........462,500 07/27/2004. 08/03/2009.<br />
579780 AE 7 MCCORMICK & CO INC NT............................................................... ....... .. ........... .1FE ............2,010,725 ......106.795 ............2,135,900 ............2,000,000 ............2,006,120 .......................... ..............(2,195) ............................ .......................... ..........5.800 ..........5.668 JJ....... .............53,489 ...........116,000 11/01/2006. 07/15/2011.<br />
58013M DU 5 MCDONALD'S CORP MTN................................................................. ....... .. .........1 .1FE ............4,955,400 ........99.811 ............4,990,550 ............5,000,000 ............4,978,059 .......................... ...............4,426 ............................ .......................... ..........4.125 ..........4.235 JD...... .............17,188 ...........206,250 05/19/2003. 06/01/2013.<br />
58013M DM 3 MCDONALDS CORP MTN................................................................. ....... .. ........... .1FE ............5,531,450 ......105.300 ............5,265,000 ............5,000,000 ............5,179,990 .......................... ............(73,167) ............................ .......................... ..........6.000 ..........4.331 AO...... .............63,333 ...........300,000 09/30/2003. 04/15/2011.<br />
58013M EB 6 MCDONALDS CORP MTN................................................................. ....... .. ........... .1FE ............7,187,880 ......106.937 ............7,485,590 ............7,000,000 ............7,182,595 .......................... ..............(5,285) ............................ .......................... ..........5.800 ..........5.422 AO...... .............85,711 ...........203,000 08/27/2008. 10/15/2017.<br />
58013M EC 4 MCDONALDS CORP MTN................................................................. ....... .. ........... .1FE ............5,947,860 ......109.786 ............6,587,160 ............6,000,000 ............5,948,110 .......................... ..................250 ............................ .......................... ..........6.300 ..........6.365 AO...... .............79,800 ...........189,000 08/05/2008. 10/15/2037.<br />
58013M EE 0 MCDONALDS CORP MTN................................................................. ....... .. ........... .1FE ..........14,498,840 ......103.878 ..........15,062,310 ..........14,500,000 ..........14,498,915 .......................... ....................75 ............................ .......................... ..........5.350 ..........5.351 MS..... ...........258,583 ...........390,030 02/26/2008. 03/01/2018.<br />
58017D EY 2 MCDONNELL DOUGLAS FINANCE CORP....................................... ....... .. ........... .1FE ............5,366,300 ......101.470 ............5,073,500 ............5,000,000 ............5,047,557 .......................... ............(41,636) ............................ .......................... ..........7.220 ..........6.290 MS..... ...........106,294 ...........361,000 01/06/1999. 01/27/2010.<br />
581557 AM 7 MCKESSON CORP DB....................................................................... ....... .. ........... .2FE ............6,865,920 ........97.783 ............5,866,980 ............6,000,000 ............6,822,087 .......................... ............(23,525) ............................ .......................... ..........7.650 ..........6.364 MS..... ...........153,000 ...........459,000 01/26/2007. 03/01/2027.<br />
58155Q AA 1 MCKESSON CORP NT....................................................................... ....... .. ........... .2FE ..........12,610,840 ......111.791 ..........12,297,010 ..........11,000,000 ..........11,760,956 .......................... ..........(221,407) ............................ .......................... ..........7.750 ..........5.289 FA...... ...........355,208 ...........852,500 10/28/2004. 02/01/2012.<br />
581557 AU 9 MCKESSON CORP NT....................................................................... ....... .. ........... .2FE ..........14,937,000 ........92.792 ..........13,918,800 ..........15,000,000 ..........14,954,086 .......................... ...............9,593 ............................ .......................... ..........5.250 ..........5.333 MS..... ...........262,500 ...........787,500 02/28/2007. 03/01/2013.<br />
581557 AV 7 MCKESSON CORP NT....................................................................... ....... .. ........... .2FE ..........14,975,250 ........90.458 ..........13,568,700 ..........15,000,000 ..........14,978,785 .......................... ...............1,988 ............................ .......................... ..........5.700 ..........5.722 MS..... ...........285,000 ...........855,000 02/28/2007. 03/01/2017.<br />
5526J0 AB 4 MDC HLDGS INC MTN....................................................................... ....... .. ........... .2FE ............3,716,840 ........76.186 ............3,047,440 ............4,000,000 ............3,791,144 .......................... .............25,216 ............................ .......................... ..........5.375 ..........6.367 JJ....... ...........107,500 ...........215,000 11/02/2005. 07/01/2015.<br />
5526J0 AA 6 MDC HOLDINGS INC MTN................................................................. ....... .. ........... .2FE ............4,968,300 ........77.925 ............3,896,250 ............5,000,000 ............4,979,108 .......................... ...............2,895 ............................ .......................... ..........5.375 ..........5.458 JD...... .............11,944 ...........268,750 12/06/2004. 12/15/2014.<br />
552676 AN 8 MDC HOLDINGS INC NT.................................................................... ....... .. ........... .2FE ............5,167,350 ........78.269 ............3,913,450 ............5,000,000 ............5,083,952 .......................... ............(16,743) ............................ .......................... ..........5.500 ..........5.067 MN..... .............35,139 ...........275,000 06/03/2003. 05/15/2013.<br />
552708 AA 7 MDM DPR SER 2007-1A FLTG SR SE.............................................. ....... .. .........3 .3FE ..........19,600,000 ........90.507 ..........17,739,372 ..........19,600,000 ..........19,600,000 .......................... .......................... ............................ .......................... ..........4.776 ..........7.360 MJSD. .............44,207 ........1,096,530 05/18/2007. 06/15/2012.<br />
582834 AN 7 MEAD CORP DEBS............................................................................ ....... .. ........... .3FE ............2,463,400 ........73.198 ............2,012,945 ............2,750,000 ............2,467,660 .......................... ...............2,755 ............................ .......................... ..........6.840 ..........6.870 MS..... .............62,700 ...........188,100 01/19/2001. 03/01/2037.<br />
58501W AV 3 MED TM STR ENH RET TR (STEERS)............................................. ....... .. .........3 ......2 ..........17,252,250 ........17.257 ..........13,641,542 ..........79,049,324 ..........41,469,253 .......................... ........3,048,968 ............................ .......................... ................... ..........7.905 MS..... .......................... .......................... 10/17/1997. 03/01/2097.<br />
58405U AC 6 MEDCO HEALTH SOLUTIONS INC SR............................................. ....... .. ........... .2FE ..........26,457,130 ........96.958 ..........24,239,500 ..........25,000,000 ..........26,028,347 .......................... ..........(188,647) ............................ .......................... ..........7.250 ..........6.206 FA...... ...........684,722 ........1,812,500 11/21/2006. 08/15/2013.<br />
58446V AE 1 MEDIACOM BROADBAND LLC SR NT............................................. ....... .. .........1 .4FE ............1,289,075 ........65.125 ...............846,625 ............1,300,000 ............1,291,584 .......................... ..................822 ............................ .......................... ..........8.500 ..........8.622 AO...... .............23,328 ...........110,500 09/06/2005. 10/15/2015.<br />
58445M AJ 1 MEDIACOM LLC SR NT..................................................................... ....... .. .........1 .4FE ............2,060,688 ........75.500 ............1,547,750 ............2,050,000 ............2,050,148 .......................... ..............(3,409) ............................ .......................... ..........9.500 ..........9.402 JJ....... .............89,801 ...........194,750 08/09/2005. 01/15/2013.<br />
000000 00 0 MEDIACOM LLC TRNCH C TERM LOAN.......................................... ....... .. .......23 .3FE ............1,968,371 ........66.250 ............1,298,500 ............1,960,000 ............1,966,380 .......................... ..............(1,244) ............................ .......................... ..........4.460 ..........6.782 MON.. .............13,216 .............98,777 02/12/2007. 02/01/2014.<br />
L6274D AA 2 MEGAFON SA LUXEMBOURG GTD LN P........................................ ....... F ........... .3FE ............4,099,000 ........96.500 ............3,860,000 ............4,000,000 ............4,027,684 .......................... ............(27,358) ............................ .......................... ..........8.000 ..........7.223 JD...... .............18,667 ...........320,000 03/17/2006. 12/10/2009.<br />
58526# BL 2 MEIJER FINANCE INC GTD SEC SR................................................ ....... .. ........... ......2 ............3,092,000 ......105.046 ............3,248,022 ............3,092,000 ............3,092,000 .......................... .......................... ............................ .......................... ..........8.030 ..........8.030 JJ....... ...........124,144 ...........248,288 11/14/2000. 01/01/2011.<br />
58526# BC 2 MEIJER FINANCE INC GTD SR SEC................................................ ....... .. ........... ......2 ............3,862,000 ......105.046 ............4,056,877 ............3,862,000 ............3,862,000 .......................... .......................... ............................ .......................... ..........8.030 ..........8.030 JJ....... ...........155,059 ...........310,119 11/14/2000. 01/01/2011.<br />
58526# BG 3 MEIJER FINANCE INC GTD SR SEC................................................ ....... .. ........... ......2 ............3,379,400 ......105.046 ............3,549,925 ............3,379,400 ............3,379,400 .......................... .......................... ............................ .......................... ..........8.030 ..........8.030 JJ....... ...........135,683 ...........271,366 11/14/2000. 01/01/2011.<br />
58526# AT 6 MEIJER FINANCE INC SEC NTS B1................................................. ....... .. ........... ......2 ............2,891,100 ......104.620 ............3,024,669 ............2,891,100 ............2,891,100 .......................... .......................... ............................ .......................... ..........8.130 ..........8.130 MS..... .............78,349 ...........235,046 06/13/2000. 09/01/2010.<br />
58526# AW 9 MEIJER FINANCE INC SEC NTS B2................................................. ....... .. ........... ......2 ............2,811,900 ......104.620 ............2,941,810 ............2,811,900 ............2,811,900 .......................... .......................... ............................ .......................... ..........8.130 ..........8.130 MS..... .............76,202 ...........228,607 06/13/2000. 09/01/2010.<br />
58526# AZ 2 MEIJER FINANCE INC SEC NTS B3................................................. ....... .. ........... ......2 ............3,435,600 ......104.620 ............3,594,325 ............3,435,600 ............3,435,600 .......................... .......................... ............................ .......................... ..........8.130 ..........8.130 MS..... .............93,105 ...........279,314 06/13/2000. 09/01/2010.<br />
58526# AA 7 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,133,367 ......105.117 ............2,242,531 ............2,133,367 ............2,133,367 .......................... .......................... ............................ .......................... ..........8.040 ..........8.040 JD...... .............14,294 ...........171,523 04/11/2000. 06/01/2012.<br />
58526# AB 5 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,742,900 ......105.670 ............2,898,422 ............2,742,900 ............2,742,900 .......................... .......................... ............................ .......................... ..........8.240 ..........8.240 JD...... .............18,835 ...........226,015 04/11/2000. 06/01/2020.<br />
58526# AE 9 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............1,940,711 ......105.117 ............2,040,017 ............1,940,711 ............1,940,711 .......................... .......................... ............................ .......................... ..........8.040 ..........8.040 JD...... .............13,003 ...........156,033 04/11/2000. 06/01/2012.<br />
58526# AF 6 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,495,200 ......105.670 ............2,636,678 ............2,495,200 ............2,495,200 .......................... .......................... ............................ .......................... ..........8.240 ..........8.240 JD...... .............17,134 ...........205,604 04/11/2000. 06/01/2020.<br />
58526# AJ 8 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,133,367 ......105.117 ............2,242,531 ............2,133,367 ............2,133,367 .......................... .......................... ............................ .......................... ..........8.040 ..........8.040 JD...... .............14,294 ...........171,523 04/11/2000. 06/01/2012.<br />
58526# AK 5 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,742,900 ......105.670 ............2,898,422 ............2,742,900 ............2,742,900 .......................... .......................... ............................ .......................... ..........8.240 ..........8.240 JD...... .............18,835 ...........226,015 04/11/2000. 06/01/2020.<br />
58526# AN 9 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,051,856 ......105.117 ............2,156,849 ............2,051,856 ............2,051,856 .......................... .......................... ............................ .......................... ..........8.040 ..........8.040 JD...... .............13,747 ...........164,969 04/11/2000. 06/01/2012.<br />
58526# AP 4 MEIJER FINANCE INC SR SEC NTS................................................. ....... .. ........... ......2 ............2,638,100 ......105.670 ............2,787,680 ............2,638,100 ............2,638,100 .......................... .......................... ............................ .......................... ..........8.240 ..........8.240 JD...... .............18,115 ...........217,379 04/11/2000. 06/01/2020.<br />
58528# EV 5 MEIJER, INC. E-1................................................................................ ....... .. ........... ......2 ...............952,500 ........96.600 ...............920,115 ...............952,500 ...............952,500 .......................... .......................... ............................ .......................... ..........7.640 ..........7.640 JD...... ...............6,064 .............72,771 05/12/1999. 06/01/2024.<br />
58528# FA 0 MEIJER, INC. E-2................................................................................ ....... .. ........... ......2 ............1,020,000 ........96.600 ...............985,320 ............1,020,000 ............1,020,000 .......................... .......................... ............................ .......................... ..........7.640 ..........7.640 JD...... ...............6,494 .............77,928 05/12/1999. 06/01/2024.<br />
58528# FF 9 MEIJER, INC. E-3................................................................................ ....... .. ........... ......2 ............1,023,700 ........96.600 ...............988,894 ............1,023,700 ............1,023,700 .......................... .......................... ............................ .......................... ..........7.640 ..........7.640 JD...... ...............6,518 .............78,211 05/12/1999. 06/01/2024.<br />
585907 AN 8 MELLON BANK NA SUB BK NT......................................................... ....... .. ........... .1FE ............6,997,830 ........97.730 ............6,841,100 ............7,000,000 ............6,998,316 .......................... ..................185 ............................ .......................... ..........5.450 ..........5.454 AO...... .............95,375 ...........381,500 03/20/2006. 04/01/2016.<br />
585515 AB 5 MELLON FUNDING CORP CO GUARNT.......................................... ....... .. .........1 .1FE ..........26,686,814 ......103.509 ..........24,826,634 ..........23,985,000 ..........24,987,212 .......................... ..........(391,641) ............................ .......................... ..........6.400 ..........4.521 MN..... ...........200,408 ........1,535,040 07/08/2005. 05/14/2011.<br />
585515 AD 1 MELLON FUNDING CORP NT........................................................... ....... .. ........... .1FE ..........28,268,256 ........91.273 ..........26,286,624 ..........28,800,000 ..........28,482,269 .......................... .............44,511 ............................ .......................... ..........5.000 ..........5.218 JD...... ...........120,000 ........1,440,000 06/08/2004. 12/01/2014.<br />
587405 AB 7 MERCANTILE BANKSHARES SUB NTS........................................... ....... .. ........... .1FE ..........13,974,661 ........91.201 ..........12,882,141 ..........14,125,000 ..........14,032,956 .......................... .............18,785 ............................ .......................... ..........4.625 ..........4.794 AO...... ...........137,915 ...........653,281 01/18/2006. 04/15/2013.<br />
589331 AD 9 MERCK & CO INC DB......................................................................... ....... .. ........... .1FE ..........23,610,570 ......110.358 ..........24,609,834 ..........22,300,000 ..........23,476,303 .......................... ............(30,756) ............................ .......................... ..........6.400 ..........5.932 MS..... ...........475,733 ........1,107,200 07/18/2008. 03/01/2028.
E10.57<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
589497 AA 4 MEREY SWEENY LP/SWEENY FDG COR....................................... ....... .. ........... .2FE ..........37,112,881 ........91.607 ..........33,745,150 ..........36,836,868 ..........36,986,187 .......................... ............(18,962) ............................ .......................... ..........8.850 ..........8.761 JD...... ...........117,724 ........3,260,060 02/07/2003. 12/18/2019.<br />
58983* CF 4 MERIDIAN TRUST TTX EQ TR 32-A................................................. ....... .. ........... ......1 .................56,599 ......101.504 .................57,450 .................56,599 .................56,599 .......................... .......................... ............................ .......................... ..........9.850 ..........9.850 JJ....... ...............2,354 ...............5,572 09/27/1990. 01/29/2010.<br />
58983* DY 2 MERIDIAN TRUST USWEST GTD LEAS.......................................... ....... .. ........... ......2 ...............438,990 ........97.217 ...............426,773 ...............438,990 ...............438,990 .......................... .......................... ............................ .......................... ..........8.750 ..........8.750 JJ....... .............19,206 .............38,412 12/30/1991. 01/01/2012.<br />
59018Y SK 8 MERRILL LYNCH & CO INC MTN #TR.............................................. ....... .. ........... .1FE ............2,016,160 ........99.957 ............1,999,140 ............2,000,000 ............2,000,156 .......................... ..............(3,661) ............................ .......................... ..........4.125 ..........3.935 JJ....... .............38,042 .............82,500 04/16/2004. 01/15/2009.<br />
59022C AJ 2 MERRILL LYNCH & CO INC NT......................................................... ....... .. ........... .1FE ..........20,016,950 ........89.893 ..........17,978,600 ..........20,000,000 ..........20,016,540 .......................... .................(219) ............................ .......................... ..........6.110 ..........6.104 JJ....... ...........515,956 ........1,222,000 01/22/2007. 01/29/2037.<br />
59022C AB 9 MERRILL LYNCH & CO INC SB NT................................................... ....... .. ........... .1FE ............9,997,700 ........92.334 ............9,233,400 ..........10,000,000 ............9,997,845 .......................... ....................65 ............................ .......................... ..........6.220 ..........6.222 MS..... ...........183,144 ...........622,000 09/06/2006. 09/15/2026.<br />
590188 4M 7 MERRILL LYNCH & CO INC SUB NT................................................. ....... .. ........... .1FE ............9,094,860 ........93.547 ............8,419,230 ............9,000,000 ............9,076,344 .......................... ..............(8,048) ............................ .......................... ..........6.050 ..........5.905 MN..... .............68,063 ...........544,500 08/03/2006. 05/16/2016.<br />
59018Y PF 2 MERRILL LYNCH & CO MTN SER B................................................. LS... .. ........... .1FE ..........20,402,400 ........99.016 ..........19,803,200 ..........20,000,000 ..........20,059,771 .......................... ............(64,783) ............................ .......................... ..........4.750 ..........4.403 MN..... ...........108,194 ...........950,000 03/03/2003. 11/20/2009.<br />
59018Y TZ 4 MERRILL LYNCH & CO NTS.............................................................. ....... .. ........... .1FE ............2,495,075 ........98.852 ............2,471,300 ............2,500,000 ............2,496,934 .......................... ..................462 ............................ .......................... ..........5.450 ..........5.476 JJ....... .............62,826 ...........136,250 07/14/2004. 07/15/2014.<br />
59018F CZ 3 MERRILL LYNCH BMA LIBOR FLTG R............................................. ....... .. .........3 .1FE ..........10,000,000 ........76.875 ............7,687,500 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.332 ..........5.332 MJSD. .............37,028 ...........492,099 05/16/2007. 06/06/2017.<br />
59217E AG 9 MET LIFE GLOB FUNDING I NTS 14................................................. ....... .. ........... .1FE ..........10,218,650 ........90.514 ............9,051,400 ..........10,000,000 ..........10,117,607 .......................... ............(22,346) ............................ .......................... ..........5.200 ..........4.912 MS..... ...........148,778 ...........520,000 05/19/2004. 09/18/2013.<br />
59151K AE 8 METHANEX CORP SR NT................................................................. ....... .. ........... .2FE ............4,480,000 ........88.000 ............3,520,000 ............4,000,000 ............4,235,685 .......................... ............(55,469) ............................ .......................... ..........8.750 ..........6.885 FA...... ...........132,222 ...........350,000 12/15/2003. 08/15/2012.<br />
59156R AG 3 METLIFE INC NTS.............................................................................. ....... .. .........1 .1FE ..........27,725,817 ........91.462 ..........25,700,822 ..........28,100,000 ..........27,869,223 .......................... .............40,127 ............................ .......................... ..........5.000 ..........5.191 MN..... ...........144,403 ........1,405,000 11/04/2005. 11/24/2013.<br />
59156R AH 1 METLIFE INC NTS.............................................................................. ....... .. .........1 .1FE ..........12,978,810 ........92.252 ..........11,992,760 ..........13,000,000 ..........12,987,269 .......................... ...............1,949 ............................ .......................... ..........5.500 ..........5.521 JD...... .............31,778 ...........715,000 05/26/2004. 06/15/2014.<br />
59156R AJ 7 METLIFE INC NTS.............................................................................. ....... .. .........1 .1FE ..........16,875,230 ........82.781 ..........14,072,770 ..........17,000,000 ..........16,883,215 .......................... ...............1,785 ............................ .......................... ..........6.375 ..........6.430 JD...... .............48,167 ........1,083,750 06/02/2004. 06/15/2034.<br />
59156R AR 9 METLIFE INC SER A SR DB.............................................................. ....... .. ........... .1FE .................28,178 ........95.240 .................28,572 .................30,000 .................28,183 .......................... ......................5 ............................ .......................... ..........6.817 ..........7.694 FA...... ..................773 .......................... 12/08/2008. 08/15/2018.<br />
59156R AC 2 METLIFE INC SR NTS........................................................................ ....... .. .........1 .1FE ............8,490,758 ........98.634 ............7,693,452 ............7,800,000 ............8,099,093 .......................... ............(93,493) ............................ .......................... ..........6.125 ..........4.704 JD...... .............39,813 ...........477,750 04/06/2005. 12/01/2011.<br />
59156R AE 8 METLIFE INC SR NTS........................................................................ ....... .. .........1 .1FE ............5,682,300 ........85.057 ............4,252,850 ............5,000,000 ............5,637,446 .......................... ............(12,552) ............................ .......................... ..........6.500 ..........5.534 JD...... .............14,444 ...........325,000 02/03/2005. 12/15/2032.<br />
59179# AA 5 METROPCS WIRELESS INC TRNCH B............................................ ....... .. .......23 .3FE ............2,442,407 ........80.125 ............1,967,894 ............2,456,030 ............2,444,920 .......................... ...............2,301 ............................ .......................... ..........5.062 ........10.156 MON.. ...............7,671 ...........115,781 06/29/2007. 02/20/2014.<br />
591894 BT 6 METROPOLITAN EDISON CO NT..................................................... ....... .. ........... .2FE ............9,972,789 ........98.838 ............9,883,800 ..........10,000,000 ............9,994,652 .......................... ...............4,214 ............................ .......................... ..........4.450 ..........4.496 MS..... ...........131,028 ...........445,000 03/13/2003. 03/15/2010.<br />
591894 BU 3 METROPOLITAN EDISON CO NT..................................................... ....... .. ........... .2FE ..........13,594,973 ........92.492 ..........12,602,035 ..........13,625,000 ..........13,609,324 .......................... ...............3,271 ............................ .......................... ..........4.950 ..........4.981 MS..... ...........198,584 ...........674,438 09/23/2005. 03/15/2013.<br />
592688 AB 1 METTLER-TOLEDO INTL INC SR NTS............................................. ....... .. ........... .2FE ..........22,540,465 ........98.491 ..........22,160,475 ..........22,500,000 ..........22,513,483 .......................... ..............(6,728) ............................ .......................... ..........4.850 ..........4.816 MN..... ...........139,438 ........1,091,250 01/28/2005. 11/15/2010.<br />
564759 QB 7 MFG & TRADERS TR CO BFFL NY FX............................................. ....... .. 1 3...... .1FE ............1,000,000 ........69.587 ...............695,870 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........5.629 ..........5.629 JD...... ...............4,691 .............56,290 11/28/2006. 12/01/2021.<br />
552845 AG 4 MGIC INVESTMENT CORP SR NT.................................................... ....... .. ........... .2FE ............7,998,320 ........73.011 ............5,840,880 ............8,000,000 ............7,999,031 .......................... ..................323 ............................ .......................... ..........5.625 ..........5.630 MS..... ...........132,500 ...........450,000 09/13/2006. 09/15/2011.<br />
552953 AY 7 MGM MIRAGE INC SR NT.................................................................. ....... .. ........... .3FE ............3,303,750 ........63.250 ............2,213,750 ............3,500,000 ............3,340,613 .......................... .............15,889 ............................ .......................... ..........6.875 ..........7.704 AO...... .............60,156 ...........240,625 07/17/2006. 04/01/2016.<br />
552953 BB 6 MGM MIRAGE INC SR NT.................................................................. LS... .. ........... .3FE ............2,010,000 ........64.500 ............1,290,000 ............2,000,000 ............2,008,583 .......................... .................(752) ............................ .......................... ..........7.625 ..........7.550 JJ....... .............70,319 ...........152,500 01/12/2007. 01/15/2017.<br />
59560# AB 0 MID-AM PFD CAP TRUST I CUM GTD.............................................. ....... .. ........... .2FE ............2,327,027 ........99.816 ............2,322,745 ............2,327,027 ............2,327,027 .......................... .......................... ............................ .......................... ..........7.830 ..........7.830 FMAN. .............17,208 ...........182,206 08/27/1997. 08/27/2009.<br />
597433 AC 5 MIDLAND BK PLC SUB NTS.............................................................. ....... .. ........... .1FE ..........15,491,820 ......108.319 ..........16,789,445 ..........15,500,000 ..........15,494,076 .......................... ..................162 ............................ .......................... ..........7.650 ..........7.654 MN..... ...........197,625 ........1,185,750 03/19/2001. 05/01/2025.<br />
60036N AB 7 MILLENNIUM AMERICA INC GTD SR............................................... ....... .. ........... .6FE ............1,708,388 ..........3.000 .................49,200 ............1,640,000 .................49,200 .......................... ..............(1,506) ...........1,647,305 .......................... ..........7.625 ..........7.625 MN..... .............15,979 ...........125,050 01/01/1998. 11/15/2026.<br />
600544 AA 8 MILLER (HERMAN) INC SR NTS....................................................... ....... .. .........1 .2FE ............4,981,850 ......105.626 ............5,281,300 ............5,000,000 ............4,994,889 .......................... ...............2,065 ............................ .......................... ..........7.125 ..........7.176 MS..... ...........104,896 ...........356,250 03/01/2001. 03/15/2011.<br />
600388 AB 8 MILLER BREWING CO GTD 144A NT............................................... ....... .. .........1 .2FE ..........33,888,050 ........93.238 ..........30,768,540 ..........33,000,000 ..........33,501,044 .......................... ............(94,814) ............................ .......................... ..........5.500 ..........5.124 FA...... ...........685,667 ........1,815,000 05/20/2005. 08/15/2013.<br />
60467X AC 1 MIRANT NORTH AMER LLC/MNA FIN.............................................. ....... .. .........1 .4FE ............1,423,194 ........96.000 ............1,344,000 ............1,400,000 ............1,412,984 .......................... ..............(3,765) ............................ .......................... ..........7.375 ..........7.095 JD...... .............51,912 ...........103,250 02/17/2006. 12/31/2013.<br />
553054 AA 5 MISC CAPITAL LTD GTD NT 144A.................................................... ....... .. ........... .1FE ..........14,975,100 ......100.493 ..........15,073,950 ..........15,000,000 ..........14,997,206 .......................... ...............5,355 ............................ .......................... ..........5.000 ..........5.038 JJ....... ...........375,000 ...........750,000 06/25/2004. 07/01/2009.<br />
553054 AB 3 MISC CAPITAL LTD GTD NT 144A.................................................... ....... .. ........... .1FE ..........32,836,980 ......101.615 ..........33,532,950 ..........33,000,000 ..........32,898,190 .......................... .............15,105 ............................ .......................... ..........6.125 ..........6.192 JJ....... ........1,010,625 ........2,021,250 06/25/2004. 07/01/2014.<br />
60527T A* 5 MISSISSIPPI BUS FIN CO SER 99A................................................. ....... .. ........... ......1 ..........19,286,080 ......101.900 ..........19,361,000 ..........19,000,000 ..........19,257,403 .......................... ............(13,349) ............................ .......................... ..........7.130 ..........6.962 AO...... ...........267,177 ........1,354,700 09/25/2006. 10/20/2021.<br />
606866 AA 9 MIZUHO FINL GRP CAYMAN LTD GTD............................................ ....... .. ........... .1FE ..........55,164,531 ........88.799 ..........48,906,049 ..........55,075,000 ..........55,120,400 .......................... ..............(8,217) ............................ .......................... ..........5.790 ..........5.768 AO...... ...........673,200 ........3,188,843 06/23/2004. 04/15/2014.<br />
607059 BP 6 MOBIL CORP SER 96-A PSTHR CTFS............................................. ....... .. ........... .1FE ............1,569,770 ......100.000 ............1,378,248 ............1,378,248 ............1,458,971 .......................... ............(19,219) ............................ .......................... ..........6.970 ..........5.201 JJ....... .............47,765 .............96,064 12/03/2002. 07/02/2017.<br />
608190 AG 9 MOHAWK INDUSTRIES INC SR NT.................................................. ....... .. ........... .2FE ............1,997,960 ........91.772 ............1,835,440 ............2,000,000 ............1,999,096 .......................... ..................406 ............................ .......................... ..........5.750 ..........5.774 JJ....... .............53,028 ...........115,000 01/11/2006. 01/15/2011.<br />
60871N AC 3 MOLSON COOORS CANADA INC NTS............................................ ....... I. ........... .2FE ............4,999,800 ........98.538 ............4,926,900 ............5,000,000 ............4,999,926 .......................... ....................40 ............................ .......................... ..........4.850 ..........4.851 MS..... .............66,688 ...........242,500 09/15/2005. 09/22/2010.<br />
60877U AC 1 MOMENTIVE PERFORMANCE MATLS IN........................................ ....... .. .........1 .4FE ............3,000,000 ........42.500 ............1,275,000 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........9.750 ..........9.750 JD...... .............24,375 ...........293,063 11/29/2006. 12/01/2014.<br />
61166W AA 9 MONSANTO CO NT............................................................................ ....... .. ........... .1FE ............2,975,128 ......111.264 ............3,337,920 ............3,000,000 ............2,988,496 .......................... ...............2,669 ............................ .......................... ..........7.375 ..........7.497 FA...... .............83,583 ...........221,250 08/23/2002. 08/15/2012.<br />
61166W AE 1 MONSANTO CO SR NT...................................................................... ....... .. ........... .1FE ............9,048,800 ......101.301 ..........10,130,100 ..........10,000,000 ............9,060,280 .......................... .............11,480 ............................ .......................... ..........5.500 ..........6.176 FA...... ...........207,778 .......................... 08/14/2008. 08/15/2025.<br />
614810 AA 7 MONTPELIER RE HLDGS LTD SR NT.............................................. ....... .. ........... .2FE ...................6,844 ........97.373 ...................6,816 ...................7,000 ...................6,875 .......................... ....................22 ............................ .......................... ..........6.125 ..........6.573 FA...... ..................162 ..................429 07/26/2007. 08/15/2013.<br />
61745E UP 4 MORGAN STANLEY BMA LIBOR FLTG............................................ ....... .. .........3 ......1 ..........15,000,000 ........89.000 ..........13,350,000 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........4.650 ..........5.332 MJSD. .............46,500 ...........803,203 05/16/2007. 06/07/2017.<br />
617446 GM 5 MORGAN STANLEY CO GLBL NT.................................................... ....... .. ........... .1FE ..........17,991,035 ........98.393 ..........17,218,775 ..........17,500,000 ..........17,650,815 .......................... ............(59,397) ............................ .......................... ..........6.750 ..........6.339 AO...... ...........249,375 ........1,181,250 03/08/2002. 04/15/2011.<br />
617446 HR 3 MORGAN STANLEY CO GLBL NT.................................................... ....... .. ........... .1FE ..........20,694,838 ........90.689 ..........18,196,748 ..........20,065,000 ..........20,383,777 .......................... ............(69,217) ............................ .......................... ..........5.300 ..........4.872 MS..... ...........354,482 ........1,060,000 10/17/2008. 03/01/2013.<br />
617446 AS 8 MORGAN STANLEY DEAN WITTER DEB........................................ ....... .. ........... .1FE ...............917,960 ........91.963 ...............919,630 ............1,000,000 ...............966,839 .......................... ...............5,561 ............................ .......................... ..........7.000 ..........7.852 AO...... .............17,500 .............70,000 06/01/1995. 10/01/2013.<br />
617446 HC 6 MORGAN STANLEY DEAN WITTER NT........................................... ....... .. ........... .1FE ..........13,929,440 ........96.679 ..........13,535,060 ..........14,000,000 ..........13,971,802 .......................... ...............7,527 ............................ .......................... ..........6.600 ..........6.670 AO...... ...........231,000 ...........924,000 03/27/2002. 04/01/2012.<br />
617446 HD 4 MORGAN STANLEY DEAN WITTER NT........................................... ....... .. ........... .1FE ............4,995,150 ........85.794 ............4,289,700 ............5,000,000 ............4,995,550 .......................... ....................72 ............................ .......................... ..........7.250 ..........7.258 AO...... .............90,625 ...........362,500 03/27/2002. 04/01/2032.<br />
61744A AN 0 MORGAN STANLEY GLOBAL NTS................................................... ....... .. ........... .1FE ............6,084,420 ........98.038 ............5,882,280 ............6,000,000 ............6,018,497 .......................... ............(12,831) ............................ .......................... ..........4.250 ..........4.017 MN..... .............32,583 ...........255,000 05/13/2003. 05/15/2010.<br />
61748A AE 6 MORGAN STANLEY GLOBAL SUB NT............................................. ....... .. ........... .1FE ..........11,940,233 ........76.189 ............9,714,098 ..........12,750,000 ..........12,258,258 .......................... .............78,484 ............................ .......................... ..........4.750 ..........5.608 AO...... ...........151,406 ...........605,625 07/30/2004. 04/01/2014.<br />
61746S BC 2 MORGAN STANLEY NTS................................................................... ....... .. ........... .1FE .................13,475 ........97.096 .................13,593 .................14,000 .................13,491 .......................... ....................16 ............................ .......................... ..........4.000 ..........7.697 JJ....... ..................258 .......................... 12/15/2008. 01/15/2010.<br />
61746B CY 0 MORGAN STANLEY SER F GLBL SR M........................................... ....... .. ........... .1FE ..........14,895,150 ........81.324 ..........12,198,600 ..........15,000,000 ..........14,901,964 .......................... ...............2,973 ............................ .......................... ..........6.250 ..........6.312 FA...... ...........369,792 ...........937,500 08/02/2006. 08/09/2026.
E10.58<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
61980A AA 1 MOTIVA LTD 144A SR NT.................................................................. ....... .. ........... .1FE ..........48,424,984 ......100.514 ..........48,508,056 ..........48,260,000 ..........48,348,257 .......................... ............(21,406) ............................ .......................... ..........5.200 ..........5.145 MS..... ...........738,914 ........2,509,520 08/25/2004. 09/15/2012.<br />
C5222# AC 8 MT INVESTMENTS INC SER C GTD N............................................. ....... C ........... ......2 ............8,164,598 ......112.151 ............9,084,731 ............8,100,446 ............8,164,598 .......................... .......................... ............................ .......(2,077,106) ..........5.600 ..........5.600 JD...... ...............1,270 ...........505,713 06/29/2006. 06/30/2016.<br />
CAD COST = 10,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
CAD PAR = 10,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
C5222# AA 2 MT INVESTMENTS INC. SER A SR G............................................... ....... I. ........... ......2 ............9,000,000 ........94.803 ............8,532,270 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........6.290 ..........6.290 JD...... ...........143,098 ...........707,625 06/29/2006. 06/30/2016.<br />
626717 AB 8 MURPHY OIL CORP NTS................................................................... ....... .. .........1 .2FE ..........31,390,356 ........96.745 ..........28,697,469 ..........29,663,000 ..........30,400,874 .......................... ..........(198,174) ............................ .......................... ..........6.375 ..........5.543 MN..... ...........315,169 ........1,891,016 10/17/2003. 05/01/2012.<br />
626717 AA 0 MURPHY OIL CORP SR UNSEC NTS............................................... ....... .. .........1 .2FE ..........16,397,083 ........93.361 ..........13,976,142 ..........14,970,000 ..........16,269,812 .......................... ............(32,042) ............................ .......................... ..........7.050 ..........6.281 MN..... ...........175,898 ........1,055,385 09/18/2007. 05/01/2029.<br />
629527 AU 6 NABISCO INC DB............................................................................... ....... .. ........... .2FE ..........33,683,320 ......106.383 ..........32,978,730 ..........31,000,000 ..........32,716,490 .......................... ..........(191,089) ............................ .......................... ..........7.550 ..........6.492 JD...... ...........104,022 ........2,340,500 05/14/2008. 06/15/2015.<br />
629570 AB 8 NABORS HOLDINGS 1 ULC NT......................................................... ....... .. ........... .2FE ..........34,059,831 ......100.506 ..........34,116,762 ..........33,945,000 ..........33,958,516 .......................... ............(21,083) ............................ .......................... ..........4.875 ..........4.809 FA...... ...........625,154 ........1,654,819 11/01/2006. 08/15/2009.<br />
629568 AQ 9 NABORS INDS INC GTD SR NT........................................................ ....... .. ........... .2FE ..........20,634,064 ........86.034 ..........17,206,800 ..........20,000,000 ..........20,607,243 .......................... ............(26,821) ............................ .......................... ..........6.150 ..........5.795 FA...... ...........464,667 ...........478,333 08/29/2008. 02/15/2018.<br />
629568 AH 9 NABORS INDUSTRIES INC NT.......................................................... ....... .. ........... .2FE ..........62,348,407 ........94.372 ..........58,510,640 ..........62,000,000 ..........62,162,215 .......................... ............(40,322) ............................ .......................... ..........5.375 ..........5.294 FA...... ........1,258,944 ........3,332,500 06/02/2004. 08/15/2012.<br />
6325C0 AA 9 NATIONAL AUSTRALIA BANK NTS 14............................................. LS... F .........1 .1FE ..........25,557,265 ........99.438 ..........25,356,690 ..........25,500,000 ..........25,515,852 .......................... ............(11,875) ............................ .......................... ..........4.800 ..........4.749 AO...... ...........289,000 ........1,224,000 04/07/2005. 04/06/2010.<br />
632525 AD 3 NATIONAL AUSTRALIA BANK SUB NT............................................ ....... F ........... .1FE ............2,294,825 ......102.023 ............2,346,529 ............2,300,000 ............2,298,998 .......................... ..................653 ............................ .......................... ..........8.600 ..........8.634 MN..... .............23,077 ...........197,800 05/12/2000. 05/19/2010.<br />
633072 AC 7 NATIONAL BANK CANADA NY SB NT.............................................. ....... .. ........... .1FE ............6,989,920 ......101.555 ............7,108,850 ............7,000,000 ............6,998,833 .......................... ...............1,302 ............................ .......................... ..........7.750 ..........7.771 MN..... .............90,417 ...........542,500 10/28/1999. 11/01/2009.<br />
63536M AA 0 NATIONAL CITY BANK DAYTON OHIO............................................ ....... .. ........... .1FE ............7,962,390 ........97.910 ............7,832,800 ............8,000,000 ............7,995,669 .......................... ...............2,536 ............................ .......................... ..........7.250 ..........7.288 JJ....... ...........267,444 ...........580,000 02/15/2001. 07/15/2010.<br />
63538W AA 6 NATIONAL CITY BANK OF PA SUB N.............................................. ....... .. ........... .1FE ............3,777,360 ........95.440 ............3,817,600 ............4,000,000 ............3,925,947 .......................... .............22,671 ............................ .......................... ..........7.250 ..........8.000 AO...... .............56,389 ...........290,000 04/27/2000. 10/21/2011.<br />
63534P AD 9 NATIONAL CITY BK BONDS.............................................................. ....... .. ........... .1FE ............9,992,200 ........81.990 ............8,199,000 ..........10,000,000 ............9,996,125 .......................... ..................790 ............................ .......................... ..........4.625 ..........4.635 MN..... .............77,083 ...........462,500 05/05/2003. 05/01/2013.<br />
63538P AA 1 NATIONAL CITY BK NE AKRON SB N.............................................. ....... .. ........... .1FE ..........14,650,940 ........97.910 ..........14,196,950 ..........14,500,000 ..........14,531,448 .......................... ............(18,704) ............................ .......................... ..........7.250 ..........7.098 JJ....... ...........484,743 ........1,051,250 02/14/2001. 07/15/2010.<br />
63538L AA 0 NATIONAL CITY BK NW SUB BANK N............................................. ....... .. ........... .1FE ............3,040,440 ........97.910 ............2,937,300 ............3,000,000 ............3,008,617 .......................... ..............(5,117) ............................ .......................... ..........7.250 ..........7.051 JJ....... ...........100,292 ...........217,500 02/15/2001. 07/15/2010.<br />
63534P AA 5 NATIONAL CITY BK SUB BANK NTS................................................ ....... .. ........... .1FE ............4,155,268 ........97.910 ............4,014,310 ............4,100,000 ............4,111,776 .......................... ..............(6,993) ............................ .......................... ..........7.250 ..........7.051 JJ....... ...........137,065 ...........297,250 02/15/2001. 07/15/2010.<br />
635405 AL 7 NATIONAL CITY CORP SB NTS........................................................ ....... .. ........... .1FE ............1,734,540 ........99.501 ............1,990,020 ............2,000,000 ............1,996,463 .......................... .............49,057 ............................ .......................... ..........5.750 ..........7.849 FA...... .............47,917 ...........115,000 03/02/2000. 02/01/2009.<br />
63535P AA 4 NATIONAL CITY CORP-COLUMBUS SU.......................................... ....... .. ........... .1FE ............2,950,470 ........97.910 ............2,937,300 ............3,000,000 ............2,991,890 .......................... ...............4,793 ............................ .......................... ..........7.250 ..........7.441 JJ....... ...........100,292 ...........217,500 05/15/1996. 07/15/2010.<br />
63615# AG 6 NATIONAL FOOTALL LEAGUE SER B............................................. ....... .. ........... ......1 ............9,000,000 ........92.939 ............8,364,510 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........5.600 ..........5.600 AO...... ...........106,400 ...........252,000 04/15/2008. 03/31/2024.<br />
63615# AD 3 NATIONAL FOOTBALL LEAGUE SER A........................................... ....... .. ........... ......1 ..........12,000,000 ........92.796 ..........11,135,520 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........5.600 ..........5.600 AO...... ...........141,867 ...........429,333 02/25/2008. 03/31/2024.<br />
63618E BA 8 NATIONAL FUEL GAS CO MTN........................................................ ....... .. ........... .2FE ............4,997,350 ......101.156 ............5,057,800 ............5,000,000 ............4,998,975 .......................... ..................311 ............................ .......................... ..........6.700 ..........6.708 MN..... .............55,833 ...........335,000 11/15/2001. 11/21/2011.<br />
637071 AG 6 NATIONAL OILWELL INC SR............................................................. ....... .. ........... .2FE ..........26,606,932 ........95.894 ..........24,932,440 ..........26,000,000 ..........26,284,674 .......................... ............(65,516) ............................ .......................... ..........5.650 ..........5.330 MN..... ...........187,706 ........1,469,000 11/19/2003. 11/15/2012.<br />
637071 AD 3 NATIONAL OILWELL VARCO INC SR............................................... ....... .. .........1 .2FE ..........10,622,600 ......100.230 ..........10,023,000 ..........10,000,000 ..........10,195,051 .......................... ............(80,861) ............................ .......................... ..........6.500 ..........5.548 MS..... ...........191,389 ...........650,000 12/10/2002. 03/15/2011.<br />
63730* AA 3 NATIONAL RAILROAD PASS CORP GE........................................... ....... .. ........... ......1 ...............295,128 ......111.857 ...............330,121 ...............295,128 ...............295,128 .......................... .......................... ............................ .......................... ..........8.480 ..........8.480 JD...... .............12,583 .............25,027 12/30/1991. 06/30/2011.<br />
637432 CT 0 NATIONAL RURAL UTIL COOP FIN C............................................... ....... .. ........... .1FE ............3,106,260 ........98.565 ............2,956,950 ............3,000,000 ............3,098,028 .......................... ..............(1,500) ............................ .......................... ..........8.000 ..........7.695 MS..... .............80,000 ...........240,000 03/27/2002. 03/01/2032.<br />
637432 CU 7 NATIONAL RURAL UTIL COOP FIN C............................................... ....... .. ........... .1FE ..........32,166,507 ......102.962 ..........31,197,486 ..........30,300,000 ..........31,153,826 .......................... ..........(241,198) ............................ .......................... ..........7.250 ..........6.244 MS..... ...........732,250 ........2,196,750 04/11/2005. 03/01/2012.<br />
637432 HT 5 NATIONAL RURAL UTIL COOP FIN C............................................... ....... .. ........... .1FE ............7,974,400 ........89.519 ............7,161,520 ............8,000,000 ............7,977,882 .......................... ...............2,061 ............................ .......................... ..........5.450 ..........5.492 AO...... .............98,100 ...........436,000 04/02/2007. 04/10/2017.<br />
637432 KT 1 NATIONAL RURAL UTIL COOP FIN C............................................... LS... .. ........... .1FE ..........21,955,940 ........88.791 ..........19,534,020 ..........22,000,000 ..........21,958,994 .......................... ...............3,054 ............................ .......................... ..........5.450 ..........5.476 FA...... ...........499,583 ...........626,144 05/01/2008. 02/01/2018.<br />
637432 BS 3 NATIONAL RURAL UTILITIES COOP................................................ ....... .. ........... .1FE ............3,661,151 ........95.805 ............3,467,183 ............3,619,000 ............3,647,053 .......................... ..............(2,454) ............................ .......................... ..........7.350 ..........7.219 MN..... .............44,333 ...........265,996 04/10/2002. 11/01/2026.<br />
637432 CG 8 NATIONAL RURAL UTILITIES COOP................................................ ....... .. ........... .1FE ..........21,830,416 ........94.127 ..........20,067,876 ..........21,320,000 ..........21,688,558 .......................... ............(27,722) ............................ .......................... ..........6.550 ..........6.305 MN..... ...........232,743 ........1,396,460 01/07/2003. 11/01/2018.<br />
638585 AN 9 NATIONSBANK CORP SB NT............................................................ ....... .. ........... .1FE ............6,149,703 ......102.266 ............5,880,295 ............5,750,000 ............5,983,977 .......................... ............(27,037) ............................ .......................... ..........7.750 ..........6.970 FA...... ...........168,347 ...........445,625 06/04/2001. 08/15/2015.<br />
638585 AU 3 NATIONSBANK CORP SB NTS......................................................... ....... .. ........... .1FE ..........10,474,800 ......101.799 ..........10,179,900 ..........10,000,000 ..........10,287,966 .......................... ............(27,048) ............................ .......................... ..........7.800 ..........7.303 MS..... ...........229,667 ...........780,000 04/25/2001. 09/15/2016.<br />
638585 A# 6 NATIONSBANK CORP SR NTS 144A................................................ ....... .. ........... .1FE ..........10,000,000 ........97.762 ............9,776,200 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........0.540 ..........0.540 JAJO.. .............10,200 ...........192,617 08/25/1997. 08/25/2009.<br />
63859U AU 7 NATIONWIDE BLDG SOCIETY 144A M............................................ ....... .. ........... .1FE ............9,976,400 ........98.967 ............9,896,700 ..........10,000,000 ............9,994,433 .......................... ...............4,903 ............................ .......................... ..........4.250 ..........4.303 FA...... ...........177,083 ...........425,000 01/27/2005. 02/01/2010.<br />
638612 AH 4 NATIONWIDE FINANCIAL SERVICE................................................ ....... .. ........... .2FE ..........13,842,220 ........82.181 ..........11,505,340 ..........14,000,000 ..........13,883,779 .......................... .............13,898 ............................ .......................... ..........5.100 ..........5.247 AO...... ...........178,500 ...........714,000 11/10/2005. 10/01/2015.<br />
638612 AF 8 NATIONWIDE FINANCIAL SERVICES.............................................. ....... .. .........1 .2FE ............7,320,404 ........90.428 ............6,149,104 ............6,800,000 ............7,069,525 .......................... ............(69,296) ............................ .......................... ..........5.900 ..........4.660 JJ....... ...........200,600 ...........401,200 02/15/2005. 07/01/2012.<br />
63250@ AC 7 NATL AMUSEMENTS SER B SR NTS............................................... ....... .. ........... ......2 ..........38,800,000 ........96.197 ..........37,324,436 ..........38,800,000 ..........38,800,000 .......................... .......................... ............................ .......................... ..........5.070 ..........5.070 JD...... .............65,572 ........2,127,975 12/19/2003. 12/19/2010.<br />
63250@ AD 5 NATL AMUSEMENTS SER C SR NTS.............................................. ....... .. ........... ......2 ..........10,000,000 ........91.262 ............9,126,200 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 JD...... .............19,167 ...........617,014 12/19/2003. 12/19/2013.<br />
63615# AB 7 NATL FOOTBALL LEAGUE SER A SR.............................................. ....... .. ........... ......1 ..........38,521,718 ......107.289 ..........41,329,566 ..........38,521,718 ..........38,521,718 .......................... .......................... ............................ .......................... ..........6.560 ..........6.560 AO...... ...........533,483 ........2,527,025 06/28/2002. 10/15/2017.<br />
63615# AA 9 NATL FOOTBALL LEAGUE 2001 SR N............................................. ....... .. ........... ......1 ..........20,221,915 ......108.055 ..........21,149,718 ..........19,573,105 ..........19,852,542 .......................... ............(60,443) ............................ .......................... ..........6.690 ..........6.297 AO...... ...........276,438 ........1,309,441 08/30/2002. 10/15/2016.<br />
628931 AB 3 NBD BANCORP INC SB DB............................................................... ....... .. ........... .1FE ............4,986,650 ......125.166 ............6,258,300 ............5,000,000 ............4,989,417 .......................... ..................316 ............................ .......................... ..........8.250 ..........8.274 MN..... .............68,750 ...........412,500 10/27/1994. 11/01/2024.<br />
640204 AH 6 NEIMAN MARCUS GROUP INC SR SB............................................ LS... .. .........1 .4FE ............1,434,688 ........43.000 ...............612,750 ............1,425,000 ............1,431,806 .......................... ..............(1,071) ............................ .......................... ........10.375 ........10.262 AO...... .............31,211 ...........147,844 02/23/2006. 10/15/2015.<br />
64016A AA 3 NELL AF SARL SR NT 144A.............................................................. ....... .. .........1 .6FE ............2,531,250 ..........2.500 .................62,500 ............2,500,000 .................62,500 .......................... ..............(3,535) ...........2,458,082 .......................... ..........8.375 ........30.136 FA...... .............79,097 ...........209,375 09/07/2005. 08/15/2015.<br />
64031N AA 6 NELNET INC NT.................................................................................. ....... .. .........3 .3FE ............4,990,100 ........62.030 ............3,101,500 ............5,000,000 ............4,996,933 .......................... ...............2,265 ............................ .......................... ..........5.125 ..........5.245 JD...... .............21,354 ...........256,250 05/20/2005. 06/01/2010.<br />
000000 00 0 NES RENTALS HLDGS 2ND LIEN TER............................................. ....... .. .......23 .5FE ............1,725,712 ........50.000 ...............862,856 ............1,725,712 ............1,725,712 .......................... .......................... ............................ .......................... ..........9.625 ........12.260 MON.. .............27,683 ...........191,476 07/20/2006. 09/30/2013.<br />
64244* AA 0 NEW BOSTON GARDEN CORP SR SEC(........................................ ....... .. ........... ......3 ..........11,311,013 ........90.172 ..........10,223,562 ..........11,337,845 ..........11,304,659 .......................... ...............5,630 ............................ .......................... ..........8.450 ..........8.504 MJSD. .............23,951 ...........958,047 01/30/2006. 09/22/2015.<br />
64318@ AA 9 NEW CARDINALS STADIUM 2007-A S............................................. ....... .. ........... .2FE ..........24,555,758 ........91.788 ..........22,539,239 ..........24,555,758 ..........24,555,758 .......................... .......................... ............................ .......................... ..........6.180 ..........6.180 J......... ...........762,988 ........1,517,546 06/14/2007. 06/30/2032.<br />
645767 AY 0 NEW JERSEY BELL TELEPHONE CO D.......................................... ....... .. ........... .1FE ............4,093,440 ........94.608 ............3,784,320 ............4,000,000 ............4,074,170 .......................... ..............(3,055) ............................ .......................... ..........8.000 ..........7.774 JD...... .............26,667 ...........320,000 10/31/2000. 06/01/2022.<br />
648053 AD 8 NEW PLAN EXCEL REALTY TR NTS................................................ ....... .. .........1 .5FE ............1,061,492 ........25.000 ............1,062,500 ............4,250,000 ............1,062,500 .......................... ..................342 ...........3,185,533 .......................... ..........5.300 ..........5.309 JJ....... ...........103,866 ...........225,250 01/10/2005. 01/15/2015.
E10.59<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
64952W AA 1 NEW YORK LIFE GLOBAL FUNDING M........................................... ....... .. ........... .1FE ..........15,561,750 ........98.979 ..........14,846,850 ..........15,000,000 ..........15,307,412 .......................... ............(56,797) ............................ .......................... ..........5.375 ..........4.883 MS..... ...........237,396 ...........806,250 04/19/2004. 09/15/2013.<br />
64966C TM 3 NEW YORK N Y TAXABLE SER D.................................................... ....... .. ........... .1FE ............4,149,808 ......101.716 ............4,358,531 ............4,285,000 ............4,198,181 .......................... .............10,348 ............................ .......................... ..........5.000 ..........5.360 AO...... .............45,231 ...........214,250 10/15/2003. 10/15/2015.<br />
650094 CA 1 NEW YORK TELEPHONE COMPANY DB........................................ LS... .. .........1 .1FE ............9,136,300 ........85.502 ............8,550,200 ..........10,000,000 ............9,312,342 .......................... .............24,692 ............................ .......................... ..........6.700 ..........7.475 MN..... ...........111,667 ...........670,000 07/20/1999. 11/01/2023.<br />
651229 AB 2 NEWELL RUBBERMAID INC NT........................................................ ....... .. .........1 .2FE ............5,064,550 ........95.158 ............4,757,900 ............5,000,000 ............5,025,773 .......................... ..............(7,000) ............................ .......................... ..........6.750 ..........6.569 MS..... .............99,375 ...........337,500 04/23/2002. 03/15/2012.<br />
651229 AC 0 NEWELL RUBBERMAID INC NT........................................................ ....... .. ........... .2FE ..........18,274,251 ........97.265 ..........17,789,769 ..........18,290,000 ..........18,288,215 .......................... ...............1,776 ............................ .......................... ..........4.625 ..........4.635 JD...... .............37,596 ...........845,913 02/18/2005. 12/15/2009.<br />
651229 AE 6 NEWELL RUBBERMAID INC NT........................................................ ....... .. ........... .2FE ............4,264,605 ........95.565 ............4,300,425 ............4,500,000 ............4,446,470 .......................... .............37,845 ............................ .......................... ..........4.000 ..........4.932 MN..... .............30,000 ...........180,000 09/04/2003. 05/01/2010.<br />
65163Q AA 6 NEWMONT GOLD COMPANY PSTHR.............................................. ....... .. ........... .2FE ............1,945,074 ........97.000 ............1,856,041 ............1,913,444 ............1,913,444 .......................... .......................... ............................ .......................... ..........8.910 ..........8.910 JJ....... .............83,350 ...........170,492 09/26/1994. 01/05/2009.<br />
651639 AD 8 NEWMONT MINING CORPORATION NT.......................................... ....... .. ........... .2FE ..........17,390,795 ........98.537 ..........16,697,095 ..........16,945,000 ..........17,094,284 .......................... ............(56,431) ............................ .......................... ..........8.625 ..........8.201 MN..... ...........186,748 ........1,461,506 10/03/2002. 05/15/2011.<br />
652478 BA 5 NEWS AMERICA HLDGS INC GTD SR............................................. ....... .. ........... .2FE ..........12,796,280 ........97.585 ..........13,661,900 ..........14,000,000 ..........12,831,062 .......................... ...............4,373 ............................ .......................... ..........7.750 ..........8.491 JD...... .............90,417 ........1,085,000 08/20/1997. 12/01/2045.<br />
652478 BX 5 NEWS AMERICA HLDGS INC SR DB................................................ ....... .. ........... .2FE ...............996,210 ......105.119 ............1,051,190 ............1,000,000 ...............997,806 .......................... ..................196 ............................ .......................... ..........8.000 ..........8.038 AO...... .............16,444 .............80,000 10/22/1996. 10/17/2016.<br />
652478 AY 4 NEWS AMERICA HOLDINGS SR DEBS........................................... ....... .. ........... .2FE ............1,923,260 ........97.699 ............1,953,980 ............2,000,000 ............1,959,176 .......................... ...............4,387 ............................ .......................... ..........7.600 ..........7.996 AO...... .............33,778 ...........152,000 10/09/1996. 10/11/2015.<br />
652482 BG 4 NEWS AMERICA INC BD................................................................... ....... .. ........... .2FE ..........11,530,570 ........92.099 ..........10,591,385 ..........11,500,000 ..........11,520,279 .......................... ..............(2,849) ............................ .......................... ..........5.300 ..........5.265 JD...... .............27,089 ...........609,500 12/16/2004. 12/15/2014.<br />
652482 BJ 8 NEWS AMERICA INC BD................................................................... ....... .. ........... .2FE ............8,900,300 ........91.255 ............7,847,930 ............8,600,000 ............8,884,677 .......................... ..............(4,586) ............................ .......................... ..........6.200 ..........5.947 JD...... .............23,698 ...........533,200 04/26/2005. 12/15/2034.<br />
652482 BD 1 NEWS AMERICA INC CO GUARNT.................................................. ....... .. ........... .2FE ............5,032,200 ........96.671 ............4,833,550 ............5,000,000 ............5,006,320 .......................... ..............(4,972) ............................ .......................... ..........4.750 ..........4.641 MS..... .............69,931 ...........237,500 03/06/2003. 03/15/2010.<br />
652482 AT 7 NEWS AMERICA INC SR GTD DB.................................................... ....... .. ........... .2FE ............6,876,480 ........95.935 ............5,756,100 ............6,000,000 ............6,805,114 .......................... ............(21,889) ............................ .......................... ..........7.125 ..........5.945 AO...... .............98,563 ...........427,500 06/24/2005. 04/08/2028.<br />
65334H AA 0 NEXEN INC BD................................................................................... ....... .. ........... .2FE ............5,598,340 ........95.371 ............5,245,405 ............5,500,000 ............5,590,937 .......................... ..............(1,382) ............................ .......................... ..........7.875 ..........7.719 MS..... ...........127,531 ...........433,125 06/11/2002. 03/15/2032.<br />
65334H AE 2 NEXEN INC NT................................................................................... ....... I. ........... .2FE ............9,735,000 ........75.289 ............7,528,900 ..........10,000,000 ............9,746,055 .......................... ...............3,890 ............................ .......................... ..........5.875 ..........6.069 MS..... ...........181,146 ...........587,500 12/21/2005. 03/10/2035.<br />
65334H AF 9 NEXEN INC NT................................................................................... ....... .. ........... .2FE ...................3,882 ........83.708 ...................4,185 ...................5,000 ...................3,895 .......................... ....................14 ............................ .......................... ..........5.650 ..........9.539 MN..... ....................36 ..................141 10/29/2008. 05/15/2017.<br />
65333N AB 6 NEXFOR INC NTS.............................................................................. ....... .. ........... .3FE ............8,115,574 ........75.000 ............6,000,000 ............8,000,000 ............8,052,105 .......................... ............(12,794) ............................ .......................... ..........7.250 ..........7.035 JJ....... ...........290,000 ...........580,000 08/15/2002. 07/01/2012.<br />
65332V BG 7 NEXTEL COMMUNICATIONS INC SR N........................................... ....... .. .........1 .3FE ............2,514,969 ........42.000 ...............997,500 ............2,375,000 ............2,426,807 .......................... ............(23,513) ............................ .......................... ..........7.375 ..........6.603 FA...... .............72,982 ...........175,156 03/17/2006. 08/01/2015.<br />
653922 AE 4 NIKE INC MTN.................................................................................... ....... .. ........... .1FE ..........22,000,000 ......105.409 ..........23,189,980 ..........22,000,000 ..........22,000,000 .......................... .......................... ............................ .......................... ..........5.660 ..........5.660 JD...... ...........103,767 ........1,245,200 07/18/2002. 07/23/2012.<br />
653922 AF 1 NIKE INC MTN.................................................................................... ....... .. ........... .1FE ..........10,000,000 ......104.464 ..........10,446,400 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.400 ..........5.400 JD...... .............45,000 ...........540,000 08/02/2002. 08/07/2012.<br />
65473Q AR 4 NISOURCE FINANCE CORP GTD NT............................................... ....... .. ........... .2FE ............9,067,700 ........53.559 ............5,355,900 ..........10,000,000 ............9,129,996 .......................... .............48,279 ............................ .......................... ..........5.450 ..........6.524 MS..... ...........160,472 ...........545,000 09/06/2007. 09/15/2020.<br />
654753 AA 0 NISSAY 2005 FD GLBL SPL PURP C................................................ ....... .. .........3 .1FE ..........15,963,860 ........97.921 ..........15,667,360 ..........16,000,000 ..........15,987,412 .......................... ...............7,349 ............................ .......................... ..........4.800 ..........4.852 FA...... ...........307,667 ...........780,000 07/14/2005. 08/09/2010.<br />
654894 AE 4 NOBLE AFFILIATES INC SR BD........................................................ ....... .. ........... .2FE ..........10,912,928 ........87.525 ............9,408,938 ..........10,750,000 ..........10,921,426 .......................... ..............(9,312) ............................ .......................... ..........7.250 ..........7.048 AO...... ...........164,535 ...........779,375 11/21/2003. 10/15/2023.<br />
654894 AF 1 NOBLE AFFILIATES INC SR NT........................................................ ....... .. ........... .2FE ..........39,096,740 ........91.681 ..........33,463,565 ..........36,500,000 ..........38,790,168 .......................... ............(59,279) ............................ .......................... ..........8.000 ..........7.365 AO...... ...........730,000 ........2,920,000 08/24/2006. 04/01/2027.<br />
655042 AC 3 NOBLE DRILLING CORP SR NT........................................................ ....... .. ........... .1FE ..........14,420,879 ......100.889 ..........14,136,567 ..........14,012,000 ..........14,028,325 .......................... ............(75,551) ............................ .......................... ..........6.950 ..........6.377 MS..... ...........286,740 ...........973,834 11/01/2006. 03/15/2009.<br />
655042 AD 1 NOBLE DRILLING CORP SR NT........................................................ ....... .. ........... .1FE ..........11,066,236 ......123.651 ..........13,243,022 ..........10,710,000 ..........10,966,808 .......................... ............(16,602) ............................ .......................... ..........7.500 ..........7.163 MS..... ...........236,513 ...........803,250 08/03/2001. 03/15/2019.<br />
655044 AA 3 NOBLE ENERGY INC NT................................................................... ....... .. ........... .2FE ..........32,828,170 ........87.357 ..........29,264,595 ..........33,500,000 ..........33,096,431 .......................... .............63,715 ............................ .......................... ..........5.250 ..........5.515 AO...... ...........371,292 ........1,758,750 05/17/2004. 04/15/2014.<br />
655422 AQ 6 NORANDA INC NT.............................................................................. ....... .. ........... .2FE ..........10,272,500 ........87.806 ............8,780,600 ..........10,000,000 ..........10,078,902 .......................... ............(32,836) ............................ .......................... ..........8.375 ..........7.962 FA...... ...........316,389 ...........837,500 06/28/2001. 02/15/2011.<br />
655422 AU 7 NORANDA INC NT.............................................................................. ....... .. ........... .2FE ............4,986,000 ........63.615 ............3,180,750 ............5,000,000 ............4,989,240 .......................... ..................974 ............................ .......................... ..........5.500 ..........5.532 JD...... .............12,222 ...........275,000 06/02/2005. 06/15/2017.<br />
655422 AV 5 NORANDA INC NT.............................................................................. ....... .. ........... .2FE ............8,355,564 ........60.112 ............5,049,408 ............8,400,000 ............8,357,605 .......................... ..................619 ............................ .......................... ..........6.200 ..........6.239 JD...... .............23,147 ...........520,800 06/02/2005. 06/15/2035.<br />
655422 AT 0 NORANDA INC SR NT........................................................................ ....... .. ........... .2FE ............6,717,352 ........66.942 ............4,250,817 ............6,350,000 ............6,590,604 .......................... ............(28,721) ............................ .......................... ..........6.000 ..........5.326 AO...... .............80,433 ...........381,000 02/11/2004. 10/15/2015.<br />
65557A AA 5 NORDEA BANK SWEDEN AB 144A BD............................................ ....... F ........... .1FE ..........35,671,162 ........95.592 ..........34,097,666 ..........35,670,000 ..........35,670,229 .......................... ...................(97) ............................ .......................... ..........5.250 ..........5.250 MN..... ...........161,258 ........1,872,675 11/20/2002. 11/30/2012.<br />
655844 AF 5 NORFOLK SOUTHERN CORP BD.................................................... ....... .. .........1 .2FE ............4,000,324 ......104.572 ............3,769,821 ............3,605,000 ............3,982,138 .......................... ..............(4,764) ............................ .......................... ..........7.050 ..........6.257 MN..... .............42,359 ...........254,153 09/08/2004. 05/01/2037.<br />
655844 AJ 7 NORFOLK SOUTHERN CORP BD.................................................... ....... .. ........... .2FE ............9,204,153 ......109.056 ............9,269,760 ............8,500,000 ............9,120,371 .......................... ............(16,773) ............................ .......................... ..........7.800 ..........6.883 MN..... .............84,717 ...........663,000 06/08/2006. 05/15/2027.<br />
655844 AU 2 NORFOLK SOUTHERN CORP NTS.................................................. ....... .. ........... .2FE ............5,394,121 ........93.741 ............5,373,703 ............5,732,500 ............5,477,093 .......................... .............36,171 ............................ .......................... ..........5.257 ..........5.583 MS..... .............87,059 ...........301,358 09/17/2004. 09/17/2014.<br />
655844 AL 2 NORFOLK SOUTHERN CORP SR NT............................................... ....... .. ........... .2FE ............4,537,350 ......100.128 ............5,006,400 ............5,000,000 ............4,980,119 .......................... .............64,969 ............................ .......................... ..........6.200 ..........7.602 AO...... .............65,444 ...........310,000 12/16/1999. 04/15/2009.<br />
655844 AP 3 NORFOLK SOUTHERN CORP SR NT............................................... ....... .. ........... .2FE ............8,983,590 ......101.161 ............8,674,556 ............8,575,000 ............8,690,616 .......................... ............(49,538) ............................ .......................... ..........6.750 ..........6.062 FA...... ...........218,663 ...........578,813 11/06/2001. 02/15/2011.<br />
655844 AQ 1 NORFOLK SOUTHERN CORP SR NT............................................... ....... .. ........... .2FE ............3,869,760 ......104.148 ............4,165,920 ............4,000,000 ............3,881,896 .......................... ...............2,038 ............................ .......................... ..........7.250 ..........7.525 FA...... ...........109,556 ...........290,000 07/06/2001. 02/15/2031.<br />
655855 FA 7 NORFOLK SOUTHERN RAILWAY CO VA........................................ ....... .. ........... .2FE ............1,853,126 ......117.664 ............2,047,354 ............1,740,000 ............1,835,646 .......................... ..............(4,635) ............................ .......................... ..........9.750 ..........8.975 JD...... ...............7,540 ...........169,650 08/27/2004. 06/15/2020.<br />
656531 AF 7 NORSK HYDRO A/S BD..................................................................... ....... .. ........... .1FE ..........10,829,827 ......107.342 ..........10,771,770 ..........10,035,000 ..........10,629,636 .......................... ............(48,741) ............................ .......................... ..........6.700 ..........5.846 JJ....... ...........310,026 ...........672,345 06/25/2004. 01/15/2018.<br />
656531 AJ 9 NORSK HYDRO A/S DEBS................................................................ ....... F ........... .1FE ............8,000,000 ......108.551 ............8,684,080 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........7.150 ..........7.150 JJ....... ...........263,756 ...........572,000 01/13/1999. 01/15/2029.<br />
656531 AB 6 NORSK HYDRO AS DB...................................................................... ....... .. ........... .1FE ............7,404,509 ......110.670 ............6,844,940 ............6,185,000 ............6,684,960 .......................... ..........(132,929) ............................ .......................... ..........9.000 ..........6.244 AO...... ...........117,515 ...........556,650 01/10/2002. 04/15/2012.<br />
656531 AD 2 NORSK HYDRO AS DB...................................................................... ....... .. ........... .1FE ............3,473,678 ......108.990 ............3,705,660 ............3,400,000 ............3,462,780 .......................... ..............(1,910) ............................ .......................... ..........7.150 ..........6.961 MN..... .............31,063 ...........243,100 01/23/2002. 11/15/2025.<br />
656531 AE 0 NORSK HYDRO AS DB...................................................................... ....... .. ........... .1FE ..........10,664,100 ......111.122 ..........11,112,200 ..........10,000,000 ..........10,388,214 .......................... ............(36,883) ............................ .......................... ..........7.500 ..........6.846 AO...... ...........187,500 ...........750,000 01/05/1999. 10/01/2016.<br />
656531 AL 4 NORSK HYDRO AS DB...................................................................... ....... .. ........... .1FE ............3,615,448 ......116.036 ............3,824,547 ............3,296,000 ............3,467,016 .......................... ............(23,736) ............................ .......................... ..........9.125 ..........7.947 JJ....... ...........138,684 ...........300,760 11/14/2000. 07/15/2014.<br />
656531 AM 2 NORSK HYDRO AS DB...................................................................... ....... .. ........... .1FE ..........38,082,426 ......110.611 ..........41,589,736 ..........37,600,000 ..........38,043,948 .......................... ............(23,718) ............................ .......................... ..........7.250 ..........7.030 MS..... ...........742,078 ........2,726,000 11/04/2003. 09/23/2027.<br />
656531 AH 3 NORSK HYDRO AS NT...................................................................... ....... .. ........... .1FE ............4,520,450 ......100.079 ............5,003,950 ............5,000,000 ............4,996,923 .......................... .............70,950 ............................ .......................... ..........6.360 ..........7.868 JJ....... ...........146,633 ...........318,000 01/12/2000. 01/15/2009.<br />
65653R AD 5 NORSKE SKOG CANADA LTD SR NT S........................................... ....... .. .........1 .4FE ............4,242,500 ........44.000 ............1,760,000 ............4,000,000 ............4,023,236 .......................... ............(49,062) ............................ .......................... ..........8.625 ..........7.550 JD...... .............15,333 ...........345,000 01/14/2004. 06/15/2011.<br />
65653R AG 8 NORSKE SKOG CDA LTD SR NT...................................................... ....... .. .........1 .4FE ............5,965,875 ........37.000 ............2,229,250 ............6,025,000 ............5,981,292 .......................... ...............6,062 ............................ .......................... ..........7.375 ..........7.521 MS..... ...........148,115 ...........444,344 11/01/2004. 03/01/2014.<br />
656533 AB 2 NORSKE SKOGINDUSTRIER ASA 144A.......................................... ....... .. ........... .4FE ............4,584,800 ........48.000 ............2,400,000 ............5,000,000 ............4,673,135 .......................... .............35,954 ............................ .......................... ..........6.125 ..........7.364 AO...... .............64,653 ...........306,250 05/19/2006. 10/15/2015.<br />
659421 AD 3 NORTH FORK BANKCORP INC SUB NT.......................................... ....... .. ........... .2FE ..........16,083,640 ........79.614 ..........12,738,240 ..........16,000,000 ..........16,035,695 .......................... ..............(8,706) ............................ .......................... ..........5.875 ..........5.806 FA...... ...........355,111 ...........940,000 08/15/2002. 08/15/2012.<br />
664785 AC 6 NORTHERN BORDER PARTNERS 144A.......................................... ....... .. ........... .2FE ............4,992,750 ......102.160 ............5,108,000 ............5,000,000 ............4,998,592 .......................... ..................867 ............................ .......................... ..........8.875 ..........8.897 JD...... .............19,722 ...........443,750 05/26/2000. 06/15/2010.
E10.60<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
665228 BQ 4 NORTHERN ILLINOIS GAS CO FMB................................................. ....... .. ........... .1FE ............2,748,450 ......105.017 ............2,625,425 ............2,500,000 ............2,717,417 .......................... ..............(6,074) ............................ .......................... ..........6.580 ..........5.820 FA...... .............62,144 ...........164,500 02/21/2003. 02/15/2028.<br />
66586G CA 3 NORTHERN TR CO SB MTN............................................................. ....... .. ........... .1FE ............9,970,600 ........99.097 ............9,909,700 ..........10,000,000 ............9,986,367 .......................... ...............2,965 ............................ .......................... ..........4.600 ..........4.637 FA...... ...........191,667 ...........460,000 01/24/2003. 02/01/2013.<br />
66586G BZ 9 NORTHERN TRUST CO SB NT......................................................... ....... .. ........... .1FE ..........11,072,700 ......103.608 ..........10,360,800 ..........10,000,000 ..........10,355,804 .......................... ..........(151,401) ............................ .......................... ..........6.300 ..........4.570 MS..... ...........210,000 ...........630,000 10/17/2003. 03/07/2011.<br />
665859 AG 9 NORTHERN TRUST CORP NT.......................................................... ....... .. ........... .1FE ............3,994,000 ......101.934 ............4,077,360 ............4,000,000 ............3,996,608 .......................... ...............1,155 ............................ .......................... ..........5.300 ..........5.335 FA...... .............71,256 ...........212,000 08/23/2006. 08/29/2011.<br />
666807 AT 9 NORTHROP GRUMMAN CORP CO GUARN.................................... ....... .. ........... .2FE ..........11,971,850 ......103.976 ..........11,437,360 ..........11,000,000 ..........11,426,384 .......................... ..........(185,184) ............................ .......................... ..........7.125 ..........5.175 FA...... ...........296,083 ...........783,750 11/17/2005. 02/15/2011.<br />
666807 AP 7 NORTHROP GRUMMAN CORP DB.................................................. ....... .. ........... .2FE ............6,757,668 ......110.682 ............7,349,285 ............6,640,000 ............6,703,881 .......................... ..............(6,807) ............................ .......................... ..........7.750 ..........7.569 MS..... ...........171,533 ...........514,600 01/01/1998. 03/01/2016.<br />
667281 F# 1 NORTHWEST AIRLINES CORP DIP BA........................................... ....... .. .......23 .4FE ............7,358,140 ........75.750 ............5,573,791 ............7,358,140 ............7,358,140 .......................... .......................... ............................ .......................... ..........4.520 ..........7.900 MON.. .............22,062 ...........362,142 08/21/2006. 08/21/2013.<br />
66939# AF 0 NORWEST BANK MN UTC EQ TR 2000........................................... ....... .. ........... ......1 ............6,363,118 ......105.514 ............6,713,980 ............6,363,118 ............6,363,118 .......................... .......................... ............................ .......................... ..........8.130 ..........8.130 JJ....... ...........238,543 ...........517,322 06/05/2000. 06/30/2016.<br />
669383 DK 4 NORWEST FINL INC.......................................................................... ....... .. ........... .1FE ............1,943,100 ......100.972 ............2,019,440 ............2,000,000 ............1,995,712 .......................... ...............7,494 ............................ .......................... ..........6.850 ..........7.263 JJ....... .............63,172 ...........137,000 10/29/1999. 07/15/2009.<br />
62963# AB 7 NRP (OPERATING) LLC SER B SR N............................................... ....... .. ........... ......2 ............7,151,563 ........77.612 ............5,550,471 ............7,151,563 ............7,151,563 .......................... .......................... ............................ .......................... ..........4.910 ..........4.910 JD...... .............11,705 ...........351,142 09/19/2003. 06/19/2018.<br />
62963# AD 3 NRP (OPERATING) LLC SR NTS SER.............................................. ....... .. ........... ......2 ............6,461,538 ........87.473 ............5,652,102 ............6,461,538 ............6,461,538 .......................... .......................... ............................ .......................... ..........5.050 ..........5.050 JJ....... ...........146,838 ...........326,308 01/19/2006. 07/19/2020.<br />
62940Q AA 3 NSG HLDGS LLC/INC SR SECD 144A.............................................. ....... .. ........... .3FE ............4,000,000 ........78.000 ............3,120,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........7.750 ..........7.750 JD...... .............13,778 ...........310,000 03/06/2007. 12/15/2025.<br />
67019E AA 5 NSTAR CORP NT............................................................................... ....... .. ........... .1FE ..........31,036,454 ......102.737 ..........28,447,875 ..........27,690,000 ..........28,285,202 .......................... ..........(496,911) ............................ .......................... ..........8.000 ..........5.994 FA...... ...........836,853 ........2,215,200 01/25/2005. 02/15/2010.<br />
67021C AC 1 NSTAR ELEC CO DB.......................................................................... ....... .. ........... .1FE ............9,894,300 ........96.179 ............9,617,900 ..........10,000,000 ............9,898,292 .......................... ...............1,506 ............................ .......................... ..........5.750 ..........5.825 MS..... ...........169,306 ...........575,000 03/13/2006. 03/15/2036.<br />
67021C AD 9 NSTAR ELEC CO DB.......................................................................... ....... .. ........... .1FE ............2,295,393 ......103.405 ............2,177,709 ............2,106,000 ............2,144,015 .......................... ............(25,649) ............................ .......................... ..........7.800 ..........6.407 MN..... .............20,990 ...........164,268 11/20/2001. 05/15/2010.<br />
670346 AE 5 NUCOR CORP SR NT........................................................................ LS... .. ........... .1FE ..........19,620,120 ........97.068 ..........18,928,260 ..........19,500,000 ..........19,551,733 .......................... ............(12,331) ............................ .......................... ..........4.875 ..........4.797 AO...... ...........237,656 ...........950,625 09/30/2002. 10/01/2012.<br />
670346 AA 3 NUCOR CORP SR NTS...................................................................... ....... .. .........1 .1FE ............5,407,500 ......100.000 ............5,000,000 ............5,000,000 ............5,000,207 .......................... ............(73,059) ............................ .......................... ..........6.000 ..........4.489 JJ....... ...........150,000 ...........300,000 09/27/2002. 01/01/2009.<br />
67090F AA 4 NUVEEN INVESTMENTS INC BDS................................................... ....... .. ........... .5FE ..........10,001,700 ........54.250 ............5,425,000 ..........10,000,000 ..........10,000,642 .......................... .................(356) ............................ .......................... ..........5.000 ..........4.996 MS..... ...........147,222 ...........500,000 09/13/2005. 09/15/2010.<br />
670768 AA 8 NYNEX CORP DEB............................................................................ ....... .. ........... .1FE ............5,067,413 ......101.667 ............4,214,045 ............4,144,949 ............4,205,496 .......................... ............(80,165) ............................ .......................... ..........9.550 ..........8.006 MN..... .............65,974 ...........395,842 05/14/1996. 05/01/2010.<br />
674599 BV 6 OCCIDENTAL PETROLEUM CORP NT............................................. ....... .. ........... .1FE ............4,031,160 ......104.167 ............4,166,680 ............4,000,000 ............4,011,618 .......................... ..............(3,342) ............................ .......................... ..........6.750 ..........6.641 JJ....... ...........124,500 ...........270,000 11/29/2001. 01/15/2012.<br />
674599 BF 1 OCCIDENTAL PETROLEUM SR NT.................................................. ....... .. ........... .1FE ............8,634,330 ......104.341 ............7,564,723 ............7,250,000 ............7,396,084 .......................... ..........(194,349) ............................ .......................... ........10.125 ..........6.820 MS..... ...........216,141 ...........734,063 12/27/2001. 09/15/2009.<br />
674627 A* 5 OCE NV SER A SR NT....................................................................... ....... F ........... ......3 ..........35,000,000 ........93.934 ..........32,876,900 ..........35,000,000 ..........35,000,000 .......................... .......................... ............................ .......................... ..........6.180 ..........6.180 AO...... ...........432,600 ........2,163,000 04/19/2006. 04/19/2011.<br />
67481E AA 4 OCEAN ENERGY INC NT................................................................... ....... .. ........... .2FE ............4,974,944 ......102.669 ............5,133,450 ............5,000,000 ............4,990,531 .......................... ...............3,001 ............................ .......................... ..........7.250 ..........7.327 AO...... .............90,625 ...........362,500 09/25/2001. 10/01/2011.<br />
67740Q AA 4 OHIO NATL FINANCIAL SVCS INC S................................................ ....... .. ........... .2FE ..........14,869,580 ........98.910 ..........14,836,500 ..........15,000,000 ..........14,956,807 .......................... .............14,996 ............................ .......................... ..........7.000 ..........7.126 JJ....... ...........484,167 ........1,050,000 07/12/2001. 07/15/2011.<br />
677788 AA 9 OIL CASUALTY INSURANCE LTD DEF............................................ ....... .. ........... .2FE ..........24,826,250 ........72.523 ..........18,130,750 ..........25,000,000 ..........24,833,454 .......................... ...............1,909 ............................ .......................... ..........8.000 ..........8.062 MS..... ...........588,889 ........2,000,000 09/14/2004. 09/15/2034.<br />
D5894# AB 6 OILTANKING GMBH SR NTS............................................................ ....... F ........... ......2 ..........20,000,000 ........80.776 ..........16,155,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........6.040 ..........6.040 JJ....... ...........590,578 ........1,208,000 01/05/2004. 01/05/2019.<br />
68205* AA 8 OMAHA WORLD-HERALD CO SR NTS............................................ ....... .. ........... ......3 ............9,090,909 ........90.635 ............8,239,545 ............9,090,909 ............9,090,909 .......................... .......................... ............................ .......................... ..........6.820 ..........6.820 JAJO.. ...........155,000 ...........620,000 07/16/1998. 07/01/2013.<br />
68210* AA 1 OMEGA LSG (US) LLC SR SEC NTS................................................ ....... .. ........... ......1 ............2,849,616 ......103.719 ............2,953,755 ............2,847,843 ............2,847,843 .......................... .....................(6) ............................ .......................... ..........8.797 ..........8.797 MON.. .............13,222 ...........250,611 07/25/2000. 05/12/2010.<br />
B6385# AB 2 OMEGA PHARMA NV SER B GTD SR N.......................................... ....... F ........... ......2 ..........15,000,000 ........96.783 ..........14,517,450 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........5.440 ..........5.440 JJ....... ...........346,800 ...........816,000 07/27/2004. 07/28/2011.<br />
B6385# AC 0 OMEGA PHARMA NV SER C GTD SR N.......................................... ....... F ........... ......2 ..........10,000,000 ........92.922 ............9,292,200 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.860 ..........5.860 JJ....... ...........249,050 ...........586,000 07/27/2004. 07/28/2014.<br />
681919 AS 5 OMNICOM GROUP INC SR NT.......................................................... ....... .. ........... .1FE ..........20,623,575 ........81.204 ..........17,052,840 ..........21,000,000 ..........20,704,368 .......................... .............31,291 ............................ .......................... ..........5.900 ..........6.141 AO...... ...........261,567 ........1,239,000 04/07/2006. 04/15/2016.<br />
682680 AN 3 ONEOK INC NT................................................................................... ....... .. ........... .2FE ............7,481,400 ........68.529 ............5,139,675 ............7,500,000 ............7,482,266 .......................... ..................269 ............................ .......................... ..........6.000 ..........6.018 JD...... .............20,000 ...........450,000 06/14/2005. 06/15/2035.<br />
682680 AL 7 ONEOK INC SR NT............................................................................. ....... .. ........... .2FE ............8,138,530 ........96.799 ............7,743,920 ............8,000,000 ............8,042,585 .......................... ............(16,690) ............................ .......................... ..........7.125 ..........6.869 AO...... ...........120,333 ...........570,000 01/22/2002. 04/15/2011.<br />
68268N AD 5 ONEOK PARTNERS LP GTD SR NT................................................. ....... .. ........... .2FE ..........14,953,650 ........79.364 ..........11,904,600 ..........15,000,000 ..........14,954,270 .......................... ..................498 ............................ .......................... ..........6.850 ..........6.874 AO...... ...........216,917 ........1,076,021 09/25/2007. 10/15/2037.<br />
68268N AC 7 ONEOK PARTNERS LP NT................................................................ ....... .. ........... .2FE ............7,467,975 ........77.482 ............5,811,150 ............7,500,000 ............7,468,805 .......................... ..................382 ............................ .......................... ..........6.650 ..........6.683 AO...... ...........124,688 ...........498,750 09/20/2006. 10/01/2036.<br />
68278# AB 4 ONESTEEL US INV 2008A TR 2 GTD............................................... ....... .. ........... ......2 ..........40,290,673 ........97.734 ..........39,093,600 ..........40,000,000 ..........40,290,673 .......................... .......................... ............................ .......................... ..........7.330 ..........7.330 JJ....... ........1,400,844 .......................... 07/09/2008. 07/09/2018.<br />
68389X AC 9 ORACLE CORP NT............................................................................. ....... .. ........... .1FE .................28,807 ......104.597 .................31,379 .................30,000 .................28,819 .......................... ....................13 ............................ .......................... ..........5.750 ..........6.314 AO...... ..................364 ..................297 12/11/2008. 04/15/2018.<br />
68389X AD 7 ORACLE CORP NT............................................................................. ....... .. ........... .1FE ............1,313,907 ......103.098 ............1,340,274 ............1,300,000 ............1,312,092 .......................... ..............(1,815) ............................ .......................... ..........4.950 ..........4.708 AO...... .............13,585 .............33,248 04/03/2008. 04/15/2013.<br />
68389X AE 5 ORACLE CORP NT............................................................................. ....... .. ........... .1FE ..........19,116,754 ......110.096 ..........21,132,927 ..........19,195,000 ..........19,117,125 .......................... ..................372 ............................ .......................... ..........6.500 ..........6.530 AO...... ...........263,398 ...........644,632 07/24/2008. 04/15/2038.<br />
68402L AC 8 ORACLE CORP/OZARK HLDG INC NT............................................. ....... .. ........... .1FE ..........21,781,140 ......101.811 ..........23,416,530 ..........23,000,000 ..........22,031,721 .......................... ...........107,662 ............................ .......................... ..........5.250 ..........5.991 JJ....... ...........556,792 ........1,207,500 08/02/2006. 01/15/2016.<br />
68402L AE 4 ORACLE CORP/OZARK HLDG INC NT............................................. ....... .. ........... ......1 ..........18,375,577 ......102.698 ..........18,947,781 ..........18,450,000 ..........18,417,295 .......................... .............14,831 ............................ .......................... ..........5.000 ..........5.092 JJ....... ...........425,375 ...........922,500 02/07/2006. 01/15/2011.<br />
688239 B@ 0 OSHKOSH TRUCK CORP TRNCH B TER........................................ ....... .. .......23 ......3 ............1,775,393 ........58.500 ............1,030,050 ............1,760,769 ............1,771,858 .......................... ..............(2,221) ............................ .......................... ..........4.760 ..........6.767 MON.. ...............7,099 .............84,649 02/06/2007. 12/06/2013.<br />
690742 AA 9 OWENS CORNING INC SR NT.......................................................... ....... .. ........... .3FE ..........12,590,445 ........72.421 ............9,052,625 ..........12,500,000 ..........12,576,822 .......................... ..............(7,308) ............................ .......................... ..........6.500 ..........6.397 JD...... .............67,708 ...........812,500 01/11/2007. 12/01/2016.<br />
690742 AB 7 OWENS CORNING REORG INC SR NT............................................ ....... .. ........... .3FE ............5,089,050 ........65.574 ............3,278,700 ............5,000,000 ............5,087,121 .......................... ..............(1,020) ............................ .......................... ..........7.000 ..........6.857 JD...... .............29,167 ...........350,000 01/11/2007. 12/01/2036.<br />
67109* AA 7 OWT HOMELITE ROYAL FDG TR SER............................................ ....... .. .........3 ......3 ..........22,000,000 ........96.532 ..........21,237,040 ..........22,000,000 ..........22,000,000 .......................... .......................... ............................ .......................... ..........5.090 ..........4.090 JD...... .............88,111 ........1,267,900 06/30/2003. 06/30/2010.<br />
67109@ AA 5 OWT HOMELITE ROYAL METCO FDG S......................................... ....... .. .........3 ......3 ............3,000,000 ........81.986 ............2,459,580 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.625 ..........5.170 MS..... .............50,903 ...........161,933 03/22/2005. 03/22/2012.<br />
000000 00 0 OXBOW CARBON LLC TRNCH B TERM.......................................... ....... .. .......23 .4FE ............2,657,692 ........64.500 ............1,714,211 ............2,657,692 ............2,657,692 .......................... .......................... ............................ .......................... ..........4.381 ..........7.360 MON.. .............29,319 ...........108,699 05/04/2007. 12/31/2014.<br />
000000 00 0 OXBOW CARBON LLC TRNCH DD TERM........................................ ....... .. .......23 ....4Z ...............237,987 ........64.500 ...............153,501 ...............237,987 ...............237,987 .......................... .......................... ............................ .......................... ..........7.360 ..........7.360 MON.. ...............4,410 ...............9,789 05/04/2007. 04/30/2014.<br />
G6843# AA 5 P&O PRINCESS CRUISES PLC SER A............................................ ....... F ........... ......1 ..........18,898,774 ......102.400 ..........19,456,000 ..........19,000,000 ..........18,978,555 .......................... .............12,297 ............................ .......................... ..........7.350 ..........7.427 JJ....... ...........585,754 ........1,396,500 07/31/2000. 07/31/2010.<br />
G6843# AB 3 P&O PRINCESS CRUISES PLC SER B............................................ ....... F ........... ......1 ..........12,139,603 ......103.578 ..........12,429,360 ..........12,000,000 ..........12,081,002 .......................... ..............(9,353) ............................ .......................... ..........7.720 ..........7.573 JJ....... ...........388,573 ...........926,400 07/31/2000. 07/31/2015.<br />
69422P AB 5 PACIFIC ENERGY PARTNERS LP/COR........................................... ....... .. .........1 .2FE ............5,757,906 ........87.344 ............4,817,022 ............5,515,000 ............5,685,147 .......................... ............(42,947) ............................ .......................... ..........7.125 ..........6.350 JD...... .............17,464 ...........392,944 05/10/2007. 06/15/2014.<br />
69422P AD 1 PACIFIC ENERGY PARTNERS LP/COR........................................... ....... .. .........1 .2FE ............4,917,250 ........74.369 ............3,644,081 ............4,900,000 ............4,912,949 .......................... ..............(2,304) ............................ .......................... ..........6.250 ..........6.195 MS..... .............90,174 ...........306,250 01/25/2007. 09/15/2015.<br />
694476 AA 0 PACIFIC LIFE CORP BONDS 144A W............................................... ....... .. .........1 .1FE ..........14,986,050 ........83.455 ..........12,518,250 ..........15,000,000 ..........14,987,298 .......................... ..................201 ............................ .......................... ..........6.600 ..........6.607 MS..... ...........291,500 ...........990,000 09/03/2003. 09/15/2033.
E10.61<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
6944P0 AD 7 PACIFIC LIFE GLOBAL FUNDING NT............................................... ....... .. ........... .1FE ..........20,000,000 ........93.481 ..........18,696,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.450 ..........5.450 JD...... .............84,778 ........1,090,000 05/26/2004. 06/03/2014.<br />
695114 BU 1 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ..........25,227,004 ......105.002 ..........25,961,745 ..........24,725,000 ..........24,909,486 .......................... ............(56,362) ............................ .......................... ..........6.900 ..........6.610 MN..... ...........217,992 ........1,704,300 12/22/2008. 11/15/2011.<br />
695114 CH 9 PACIFICORP FMB.............................................................................. ....... .. ........... .1FE ............1,993,320 ......101.841 ............2,036,820 ............2,000,000 ............1,993,524 .......................... ..................204 ............................ .......................... ..........5.650 ..........5.694 JJ....... .............51,478 .......................... 07/31/2008. 07/15/2018.<br />
69512E GA 7 PACIFICORP SER F FMB MTN......................................................... ....... .. ........... .1FE ............5,482,800 ......110.112 ............5,505,600 ............5,000,000 ............5,415,764 .......................... ............(16,851) ............................ .......................... ..........7.230 ..........6.350 AO...... .............90,375 ...........361,500 07/12/2004. 08/16/2023.<br />
000000 00 0 PAETEC HLDGS CORP TRNCH B TERM......................................... ....... .. .......23 .4FE ...............148,861 ........65.500 .................96,224 ...............146,907 ...............148,339 .......................... .................(365) ............................ .......................... ..........4.968 ..........7.706 MON.. ..................618 ...............8,975 02/27/2007. 02/28/2013.<br />
695629 AQ 8 PAINE WEBBER GROUP SR NTS.................................................... ....... .. ........... .1FE ..........11,951,280 ........99.086 ..........11,890,320 ..........12,000,000 ..........11,979,972 .......................... ...............3,085 ............................ .......................... ..........7.625 ..........7.665 FA...... ...........345,667 ...........915,000 02/08/1994. 02/15/2014.<br />
696429 AB 5 PALL CORP SR NTS 144A W/O RR.................................................. ....... .. ........... .2FE ..........33,600,010 ........96.511 ..........31,848,630 ..........33,000,000 ..........33,284,894 .......................... ............(71,337) ............................ .......................... ..........6.000 ..........5.727 FA...... ...........825,000 ........2,079,000 02/24/2004. 08/01/2012.<br />
69783R AA 6 PAN AMERICAN ENERGY LLC 4 144A............................................. LS... .. ........... .3FE ............5,113,750 ........70.000 ............3,570,000 ............5,100,000 ............5,107,836 .......................... ..............(2,631) ............................ .......................... ..........7.750 ..........7.684 FA...... ...........155,904 ...........395,250 10/04/2006. 02/09/2012.<br />
69829V AD 7 PANAMERICAN BEVERAGE SR NTS............................................... ....... F ........... .1FE ..........12,413,175 ......101.658 ..........12,707,250 ..........12,500,000 ..........12,492,758 .......................... .............13,644 ............................ .......................... ..........7.250 ..........7.371 JJ....... ...........453,125 ...........906,250 05/17/2002. 07/01/2009.<br />
697933 AM 1 PANAMSAT CORP DB....................................................................... ....... .. ........... .4FE ............3,947,000 ........63.000 ............2,520,000 ............4,000,000 ............3,955,692 .......................... ...............1,091 ............................ .......................... ..........6.875 ..........6.981 JJ....... ...........126,806 ...........275,000 01/13/1998. 01/15/2028.<br />
698900 AG 2 PANCANADIAN ENERGY CORP BD................................................. ....... I. ........... .2FE ............9,446,120 ........88.923 ............8,003,070 ............9,000,000 ............9,407,455 .......................... ..............(8,124) ............................ .......................... ..........7.200 ..........6.798 MN..... ...........108,000 ...........648,000 10/22/2003. 11/01/2031.<br />
698900 AF 4 PANCANADIAN PETROLEUM LTD................................................... ....... I. ........... .2FE ............2,498,000 ........98.157 ............2,453,925 ............2,500,000 ............2,499,301 .......................... ..................218 ............................ .......................... ..........6.300 ..........6.311 MN..... .............26,250 ...........157,500 10/31/2001. 11/01/2011.<br />
699490 AA 6 PARIBAS NEW YORK BR JR SB NT................................................. ....... .. ........... .1FE ............8,321,159 ......104.533 ............9,407,970 ............9,000,000 ............8,687,440 .......................... .............55,018 ............................ .......................... ..........6.950 ..........8.080 JJ....... ...........276,263 ...........625,500 02/23/2000. 07/22/2013.<br />
701094 AG 9 PARKER HANNIFIN CORP NT........................................................... ....... .. ........... .1FE ..........14,169,860 ......101.636 ..........14,594,930 ..........14,360,000 ..........14,261,422 .......................... .............20,983 ............................ .......................... ..........4.875 ..........5.062 FA...... ...........264,463 ...........700,050 03/30/2005. 02/15/2013.<br />
70109H AH 8 PARKER-HANNIFIN CORP MTN....................................................... ....... .. ........... .1FE ............9,976,500 ........96.677 ............9,667,700 ..........10,000,000 ............9,977,619 .......................... ...............1,119 ............................ .......................... ..........5.500 ..........5.531 MN..... .............70,278 ...........273,472 05/13/2008. 05/15/2018.<br />
70109H AJ 4 PARKER-HANNIFIN CORP MTN....................................................... ....... .. ........... .1FE ...............996,030 ........98.667 ...............986,670 ............1,000,000 ...............996,054 .......................... ....................24 ............................ .......................... ..........6.250 ..........6.279 MN..... ...............7,986 .............31,076 06/20/2008. 05/15/2038.<br />
N7017* AD 3 PARMALAT NETHERLANDS BV SER B........................................... ....... F ........... ......6 ...............392,152 ................... ............................. ............3,000,000 ............................. .......................... .......................... ............................ .......................... ..........7.520 ........22.458 AO...... .......................... .......................... 01/01/1998. 10/05/2005.<br />
T7017# AA 9 PARMALAT S P A SR NTS................................................................. ....... F ........... .....6* ...............852,750 ................... ............................. ............7,750,000 ............................. ..........(852,750) .......................... ............................ .......................... ..........7.280 ........20.000 AO...... .......................... .......................... 10/10/1997. 10/10/2007.<br />
70383# AC 0 PAVESTONE SEC SER A.................................................................. ....... .. ........... ......3 ............1,000,000 ........92.368 ...............923,680 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........6.630 ..........6.630 JJ....... .............30,572 .............66,300 07/15/2005. 07/15/2010.<br />
70383# AD 8 PAVESTONE SEC SER B.................................................................. ....... .. ........... ......3 ............2,500,000 ........87.586 ............2,189,650 ............2,500,000 ............2,500,000 .......................... .......................... ............................ .......................... ..........6.730 ..........6.730 JJ....... .............77,582 ...........168,250 07/15/2005. 07/15/2011.<br />
70383# AE 6 PAVESTONE SEC SER C.................................................................. ....... .. ........... ......3 ............1,000,000 ........83.757 ...............837,570 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........6.850 ..........6.850 JJ....... .............31,586 .............68,500 07/15/2005. 07/15/2012.<br />
70383# AF 3 PAVESTONE SEC SER D.................................................................. ....... .. ........... ......3 ............2,500,000 ........80.309 ............2,007,725 ............2,500,000 ............2,500,000 .......................... .......................... ............................ .......................... ..........6.960 ..........6.960 JJ....... .............80,233 ...........174,000 07/15/2005. 07/15/2013.<br />
704379 AB 2 PAYLESS SHOE SOURCE INC SR SUB........................................... ....... .. .........1 .4FE .................94,314 ........75.500 .................75,500 ...............100,000 .................94,855 .......................... ..................855 ............................ .......................... ..........8.250 ..........8.133 FA...... ...............3,438 ...............8,250 04/26/2004. 08/01/2013.<br />
G6955F AA 9 PCCW HKTC CAPITAL LTD GTD REG............................................. ....... .. .........3 .2FE ............2,909,200 ........99.684 ............2,492,100 ............2,500,000 ............2,682,798 .......................... ............(57,486) ............................ .......................... ..........8.000 ..........5.226 MN..... .............25,556 ...........200,000 09/15/2004. 11/15/2011.<br />
705006 AA 2 PEARSON DOLLAR FIN PLC CO GUAR........................................... ....... .. ........... .2FE ..........14,208,400 ........97.849 ..........13,698,860 ..........14,000,000 ..........14,020,020 .......................... ............(46,325) ............................ .......................... ..........4.700 ..........4.353 JD...... .............54,833 ...........658,000 04/12/2005. 06/01/2009.<br />
705006 AB 0 PEARSON DOLLAR FIN PLC NTS 144............................................. ....... .. ........... .2FE ..........10,976,570 ........88.059 ............9,686,490 ..........11,000,000 ..........10,985,799 .......................... ...............2,178 ............................ .......................... ..........5.700 ..........5.728 JD...... .............52,250 ...........627,000 05/19/2004. 06/01/2014.<br />
705015 AA 3 PEARSON PLC 144A BD.................................................................... ....... .. ........... .2FE ..........19,008,750 ........98.252 ..........18,667,880 ..........19,000,000 ..........19,002,737 .......................... .................(988) ............................ .......................... ..........7.000 ..........6.994 JD...... .............59,111 ........1,330,000 06/14/2001. 06/15/2011.<br />
693304 AD 9 PECO ENERGY CO FMB................................................................... ....... .. .........1 .1FE ..........11,705,150 ........97.335 ..........11,543,931 ..........11,860,000 ..........11,791,326 .......................... .............15,994 ............................ .......................... ..........4.750 ..........4.921 AO...... ...........140,838 ...........542,925 06/27/2008. 10/01/2012.<br />
693304 AB 3 PECO ENERGY COMPANY FMB...................................................... ....... .. ........... .1FE ............8,781,140 ......101.681 ............9,125,870 ............8,975,000 ............8,905,394 .......................... .............21,785 ............................ .......................... ..........5.950 ..........6.253 MN..... .............89,002 ...........534,013 04/05/2002. 11/01/2011.<br />
705220 AL 5 PECO ENERGY TRANSITION TRUST 2........................................... ....... .. .........2 .1FE ..........17,871,580 ......102.257 ..........15,594,193 ..........15,250,000 ..........15,549,566 .......................... ..........(430,710) ............................ .......................... ..........7.650 ..........3.127 MS..... ...........388,875 ........1,166,625 12/04/2002. 03/01/2010.<br />
706451 BC 4 PEMEX PROJ FDG MASTER TR BD................................................. LS... .. ........... .2FE ...............638,709 ........98.120 ...............981,200 ............1,000,000 ...............655,838 .......................... ...............6,511 ............................ .......................... ..........8.625 ........14.241 JD...... ...............7,188 .............86,250 11/01/2001. 12/01/2023.<br />
706451 BG 5 PEMEX PROJ FDG MASTER TR GTD B.......................................... LS... .. ........... .2FE ............9,865,200 ........84.650 ............8,465,000 ..........10,000,000 ............9,870,893 .......................... ...............1,736 ............................ .......................... ..........6.625 ..........6.730 JD...... .............29,444 ...........662,500 06/01/2005. 06/15/2035.<br />
C7208# AE 8 PENGROWTH CORP SER A SR NT.................................................. ....... I. ........... ......2 ..........19,930,000 ........95.338 ..........19,067,600 ..........20,000,000 ..........19,930,000 .......................... .......................... ............................ .......................... ..........6.980 ..........6.980 FA...... ...........504,111 .......................... 08/21/2008. 08/21/2018.<br />
707064 AA 9 PENGROWTH CORP SR NT.............................................................. ....... I. ........... ......2 ..........21,974,000 ........85.174 ..........18,738,280 ..........22,000,000 ..........21,976,786 .......................... ...............1,977 ............................ .......................... ..........6.350 ..........6.350 JJ....... ...........601,486 ........1,397,000 07/26/2007. 07/26/2017.<br />
708160 BL 9 PENNEY (J C) & CO BD..................................................................... ....... .. ........... .2FE ............3,000,000 ........65.996 ............1,979,880 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........7.625 ..........7.625 MS..... .............76,250 ...........228,750 02/20/1997. 03/01/2097.<br />
708160 BQ 8 PENNEY (J C) & CO DB..................................................................... ....... .. ........... .2FE ..........12,044,490 ........76.260 ............8,388,600 ..........11,000,000 ..........11,850,380 .......................... ............(76,702) ............................ .......................... ..........7.950 ..........6.702 AO...... ...........218,625 ...........874,500 04/07/2006. 04/01/2017.<br />
708160 BY 1 PENNEY J C & CO UNSEC NTS........................................................ ....... .. ........... .2FE ...............943,125 ........88.784 ...............799,056 ...............900,000 ...............920,824 .......................... ..............(5,041) ............................ .......................... ..........9.000 ..........8.226 FA...... .............33,750 .............81,000 10/22/2003. 08/01/2012.<br />
708130 AA 7 PENNEY JC CORP NT....................................................................... ....... .. .........1 .2FE ...............754,850 ........97.073 ...............679,511 ...............700,000 ...............715,207 .......................... ............(12,242) ............................ .......................... ..........8.000 ..........6.042 MS..... .............18,667 .............56,000 08/01/2005. 03/01/2010.<br />
708160 BS 4 PENNY J C INC DEB.......................................................................... ....... .. ........... .2FE ..........20,316,550 ........65.839 ..........12,509,410 ..........19,000,000 ..........20,280,415 .......................... ............(14,619) ............................ .......................... ..........7.400 ..........6.856 AO...... ...........351,500 ........1,406,000 07/14/2006. 04/01/2037.<br />
709903 BB 3 PENNZOIL CO DB.............................................................................. ....... .. ........... .2FE ............8,251,670 ......101.884 ............7,131,880 ............7,000,000 ............7,116,625 .......................... ..........(123,749) ............................ .......................... ........10.125 ..........8.112 MN..... .............90,563 ...........708,750 06/10/1994. 11/15/2009.<br />
709631 AB 1 PENTAIR INC SR NTS........................................................................ ....... .. .........1 .2FE ............4,987,150 ......101.345 ............5,067,250 ............5,000,000 ............4,998,612 .......................... ...............1,636 ............................ .......................... ..........7.850 ..........7.888 AO...... .............82,861 ...........392,500 09/30/1999. 10/15/2009.<br />
713409 AC 4 PEPSI BOTTLING GROUP INC......................................................... ....... .. .........1 .1FE ............1,986,400 ......111.217 ............2,224,340 ............2,000,000 ............1,988,258 .......................... ..................258 ............................ .......................... ..........7.000 ..........7.055 MS..... .............46,667 ...........140,000 03/03/1999. 03/01/2029.<br />
10138M AD 7 PEPSI BOTTLING GROUP INC BDS................................................. ....... .. .........1 .1FE ............7,560,770 ........94.927 ............7,594,160 ............8,000,000 ............7,716,390 .......................... .............36,183 ............................ .......................... ..........4.125 ..........4.764 JD...... .............14,667 ...........330,000 04/20/2004. 06/15/2015.<br />
713411 AB 2 PEPSI BOTTLING HLDGS INC GTD 1............................................... ....... .. ........... .1FE ............5,015,171 ......100.463 ............5,023,150 ............5,000,000 ............5,000,369 .......................... ..............(2,740) ............................ .......................... ..........5.625 ..........5.566 FA...... ...........104,688 ...........281,250 10/15/2001. 02/17/2009.<br />
71343P AB 7 PEPSIAMERICAS BDS....................................................................... ....... .. .........1 .1FE ............4,959,100 ........91.667 ............4,583,350 ............5,000,000 ............4,968,950 .......................... ...............2,908 ............................ .......................... ..........5.000 ..........5.092 MN..... .............31,944 ...........250,000 05/11/2005. 05/15/2017.<br />
71343X AD 6 PEPSIAMERICAS INC NTS................................................................ ....... .. .........1 .1FE ............4,133,280 ........93.674 ............3,746,960 ............4,000,000 ............4,064,147 .......................... ............(13,705) ............................ .......................... ..........4.500 ..........4.082 MS..... .............53,000 ...........180,000 06/17/2003. 03/15/2013.<br />
713448 BJ 6 PEPSICO INC SR NT.......................................................................... ....... .. ........... .1FE ..........16,838,736 ......122.565 ..........20,223,225 ..........16,500,000 ..........16,835,202 .......................... ..............(3,534) ............................ .......................... ..........7.900 ..........7.552 MN..... ...........242,596 .......................... 10/31/2008. 11/01/2018.<br />
71375Q AC 4 PERFORADORA CENTRALE SA DE CV.......................................... ....... F ........... ......1 ............2,647,000 ......106.214 ............2,811,485 ............2,647,000 ............2,647,000 .......................... .......................... ............................ .......................... ..........4.920 ..........4.920 JD...... ...............5,788 ...........130,232 05/03/2004. 12/15/2018.<br />
714046 A@ 8 PERKINELMER INC SER 2008-A SR................................................ ....... .. ........... ......2 ..........20,000,000 ........92.565 ..........18,513,000 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 MN..... ...........103,333 ...........600,000 05/30/2008. 05/30/2015.<br />
71644E AE 2 PETRO CANADA DB.......................................................................... ....... .. ........... .2FE ..........14,997,165 ........88.064 ..........12,637,184 ..........14,350,000 ..........14,907,253 .......................... ............(15,450) ............................ .......................... ..........7.875 ..........7.470 JD...... .............50,225 ........1,130,063 11/16/2001. 06/15/2026.<br />
71644E AH 5 PETRO CDA NT.................................................................................. ....... .. ........... .2FE ..........13,030,335 ........82.417 ..........10,714,210 ..........13,000,000 ..........13,028,882 .......................... ..............(1,453) ............................ .......................... ..........6.050 ..........6.054 MN..... ...........100,497 ...........393,250 05/14/2008. 05/15/2018.<br />
71644E AG 7 PETRO CDA SR NT............................................................................ ....... .. ........... .2FE ............4,065,880 ........68.782 ............2,751,280 ............4,000,000 ............4,062,511 .......................... ..............(1,039) ............................ .......................... ..........5.950 ..........5.832 MN..... .............30,411 ...........238,000 06/24/2005. 05/15/2035.<br />
71644E AJ 1 PETRO CDA SR NT............................................................................ ....... .. ........... .2FE ............4,989,200 ........75.463 ............3,773,150 ............5,000,000 ............4,989,271 .......................... ....................71 ............................ .......................... ..........6.800 ..........6.817 MN..... .............43,444 ...........170,000 05/12/2008. 05/15/2038.
E10.62<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
716442 AH 1 PETRO-CANADA BDS........................................................................ ....... I. .........1 .2FE ..........14,181,050 ........62.645 ............9,396,750 ..........15,000,000 ..........14,239,334 .......................... .............13,372 ............................ .......................... ..........5.350 ..........5.735 JJ....... ...........370,042 ...........802,500 02/10/2005. 07/15/2033.<br />
71644E AB 8 PETRO-CANADA DEB........................................................................ ....... I. ........... .2FE ............2,381,460 ......102.308 ............2,046,160 ............2,000,000 ............2,272,528 .......................... ............(12,299) ............................ .......................... ..........9.250 ..........7.568 AO...... .............39,056 ...........185,000 06/01/1995. 10/15/2021.<br />
69320D AA 7 PETRO-CANADA NT.......................................................................... ....... I. ........... .2FE ............2,984,160 ........83.608 ............2,508,240 ............3,000,000 ............2,989,758 .......................... ...............1,463 ............................ .......................... ..........5.000 ..........5.068 MN..... .............19,167 ...........150,000 11/08/2004. 11/15/2014.<br />
716442 AG 3 PETRO-CANADA NTS........................................................................ ....... I. .........1 .2FE ............9,136,900 ........85.751 ............8,575,100 ..........10,000,000 ............9,544,829 .......................... .............86,899 ............................ .......................... ..........4.000 ..........5.138 JJ....... ...........184,444 ...........400,000 10/17/2003. 07/15/2013.<br />
71646Y AA 4 PETRODRILL FIVE LTD US GOVT GT.............................................. ....... .. ........... ......1 ............6,250,154 ......102.832 ............6,427,158 ............6,250,154 ............6,250,154 .......................... .......................... ............................ .......................... ..........4.390 ..........4.390 AO...... .............57,925 ...........274,382 10/16/2003. 04/15/2016.<br />
71646X AA 6 PETRODRILL FOUR LTD AMETHYST 4........................................... ....... .. ........... ......1 ............4,562,612 ......102.167 ............4,661,484 ............4,562,612 ............4,562,612 .......................... .......................... ............................ .......................... ..........4.240 ..........4.240 JJ....... .............89,204 ...........193,455 09/18/2003. 01/15/2016.<br />
716495 AB 2 PETROHAWK ENERGY CORP SR NT.............................................. ....... .. .........1 .4FE ............2,045,000 ........81.000 ............1,620,000 ............2,000,000 ............2,029,571 .......................... ..............(6,868) ............................ .......................... ..........9.125 ..........8.683 JJ....... .............84,153 ...........182,500 08/09/2006. 07/15/2013.<br />
716708 AC 6 PETROLIAM NASIONAL BERHAD 144A........................................... ....... .. ........... .1FE ............4,420,000 ......109.708 ............4,388,320 ............4,000,000 ............4,259,480 .......................... ............(30,434) ............................ .......................... ..........7.750 ..........6.527 FA...... ...........117,111 ...........310,000 10/16/2002. 08/15/2015.<br />
716743 AA 7 PETRONAS CAPITAL LTD USD GTD 1............................................. ....... .. ........... .1FE ............5,350,000 ......105.988 ............5,299,400 ............5,000,000 ............5,147,207 .......................... ............(38,003) ............................ .......................... ..........7.000 ..........6.027 MN..... .............37,917 ...........350,000 10/16/2002. 05/22/2012.<br />
716747 AA 8 PETROPOWER I FDG TRUST 144A US........................................... ....... .. ........... .2FE ............3,465,995 ......105.098 ............3,727,291 ............3,546,491 ............3,513,971 .......................... .............10,941 ............................ .......................... ..........7.360 ..........7.739 FA...... .............98,608 ...........261,022 05/12/2000. 02/15/2014.<br />
71713U AW 2 PHARMACIA CORP DBS................................................................... ....... .. ........... .1FE ..........18,808,508 ......111.901 ..........19,481,964 ..........17,410,000 ..........18,654,719 .......................... ............(32,775) ............................ .......................... ..........6.600 ..........5.976 JD...... .............95,755 ........1,149,060 11/04/2003. 12/01/2028.<br />
717265 AL 6 PHELPS DODGE CORP SR NTS...................................................... ....... .. ........... .2FE ............1,559,955 ........59.000 ...............885,000 ............1,500,000 ............1,555,675 .......................... .................(745) ............................ .......................... ..........9.500 ..........9.108 JD...... .............11,875 ...........142,500 06/08/2001. 06/01/2031.<br />
718172 AA 7 PHILIP MORRIS INTL INC GLBL NT.................................................. ....... .. ........... .1FE ............9,691,800 ........99.133 ............9,913,300 ..........10,000,000 ............9,701,065 .......................... ...............9,265 ............................ .......................... ..........5.650 ..........6.049 MN..... .............70,625 ...........282,500 08/05/2008. 05/16/2018.<br />
718282 AA 4 PHILIPPINE PWR TRUST I (OPIC I................................................... ....... .. ........... .1FE ..........34,020,236 ......108.582 ..........36,917,880 ..........34,000,000 ..........34,004,654 .......................... ..............(1,016) ............................ .......................... ..........5.400 ..........5.397 MS..... ...........484,500 ........1,836,000 12/16/2005. 09/26/2018.<br />
71838# AA 3 PHILLIES BALLPARK LP SR SEC NT............................................... ....... .. ........... .2FE ............7,014,033 ........92.668 ............6,499,764 ............7,014,033 ............7,014,033 .......................... .......................... ............................ .......................... ..........6.190 ..........6.190 N........ .............72,361 ...........434,169 10/29/2004. 11/01/2014.<br />
71839# AA 2 PHILLIES FDG LP SR SEC REV BKD............................................... ....... .. ........... ......2 ..........11,274,429 ........76.673 ............8,644,443 ..........11,274,429 ..........11,274,429 .......................... .......................... ............................ .......................... ..........6.210 ..........6.210 JAJO.. ...........157,532 ...........700,142 06/09/2005. 06/10/2030.<br />
718507 AR 7 PHILLIPS PETROLEUM CO DB......................................................... ....... .. ........... .1FE ..........11,968,480 ......107.692 ..........11,846,120 ..........11,000,000 ..........11,203,032 .......................... ............(84,364) ............................ .......................... ..........9.375 ..........8.404 FA...... ...........389,583 ........1,031,250 05/01/1998. 02/15/2011.<br />
718507 BQ 8 PHILLIPS PETROLEUM CO NTS....................................................... ....... .. ........... .1FE ............5,571,960 ......105.393 ............5,796,615 ............5,500,000 ............5,514,460 .......................... ..............(9,713) ............................ .......................... ..........8.750 ..........8.544 MN..... .............48,125 ...........481,250 11/06/2001. 05/25/2010.<br />
71880* AD 8 PHL FUNDING I INC SER A5............................................................. ....... .. ........... ......1 ............2,350,073 ......112.112 ............2,791,854 ............2,490,237 ............2,424,129 .......................... .............22,529 ............................ .......................... ..........9.250 ..........9.909 JAJO.. .............45,430 ...........230,347 01/01/1991. 07/20/2016.<br />
71912N AA 5 PHOENIX PARK FUNDING LTD SR BD............................................ ....... .. ........... .1FE ............4,518,151 ......105.940 ............4,786,529 ............4,518,151 ............4,518,151 .......................... .......................... ............................ .......................... ..........7.267 ..........7.267 JAJO.. .............82,084 ...........328,333 05/14/1998. 04/01/2013.<br />
000000 00 0 PINNACLE FOODS FINANCE LLC TRN............................................ ....... .. .......23 .4FE ...............687,355 ........68.500 ...............472,308 ...............689,500 ...............687,683 .......................... ..................244 ............................ .......................... ..........5.421 ..........8.271 MON.. ...............6,216 .............48,003 07/06/2007. 04/02/2014.<br />
72447W AA 7 PITNEY BOWES INC GLBL MTN....................................................... ....... .. ........... .1FE ............8,217,040 ........93.383 ............7,470,640 ............8,000,000 ............8,152,947 .......................... ............(12,860) ............................ .......................... ..........4.750 ..........4.497 MN..... .............48,556 ...........380,000 06/27/2003. 05/15/2018.<br />
72447X AC 1 PITNEY BOWES INC GLOBAL MTN................................................. ....... .. ........... .1FE ..........11,856,360 ........97.197 ..........11,663,640 ..........12,000,000 ..........11,870,665 .......................... .............11,077 ............................ .......................... ..........5.750 ..........5.910 MS..... ...........203,167 ...........697,667 09/06/2007. 09/15/2017.<br />
72447W AU 3 PITNEY BOWES INC GLOBAL NTS.................................................. ....... .. .........1 .1FE ............9,962,500 ........92.511 ............9,251,100 ..........10,000,000 ............9,976,659 .......................... ...............3,521 ............................ .......................... ..........4.875 ..........4.923 FA...... ...........184,167 ...........487,500 08/11/2004. 08/15/2014.<br />
72447W AN 9 PITNEY BOWES INC MTN................................................................. ....... .. .........1 .1FE ............8,858,343 ........94.612 ............8,798,916 ............9,300,000 ............9,067,706 .......................... .............46,073 ............................ .......................... ..........3.875 ..........4.500 JD...... .............16,017 ...........360,375 01/20/2004. 06/15/2013.<br />
72447X AA 5 PITNEY BOWES INC MTN................................................................. ....... .. .........1 .1FE ..........35,231,870 ........92.639 ..........33,350,040 ..........36,000,000 ..........35,427,390 .......................... .............65,754 ............................ .......................... ..........4.750 ..........5.020 JJ....... ...........788,500 ........1,710,000 12/14/2005. 01/15/2016.<br />
724479 AF 7 PITNEY BOWES INC NT.................................................................... ....... .. ........... .1FE ............7,966,220 ........97.911 ............7,832,880 ............8,000,000 ............7,985,467 .......................... ...............3,463 ............................ .......................... ..........4.625 ..........4.678 AO...... .............92,500 ...........370,000 09/30/2002. 10/01/2012.<br />
724479 AG 5 PITNEY BOWES INC NTS.................................................................. LS... .. .........1 .1FE ..........14,884,050 ........94.467 ..........14,170,050 ..........15,000,000 ..........14,921,134 .......................... .............10,553 ............................ .......................... ..........5.000 ..........5.100 MS..... ...........220,833 ...........750,000 03/17/2005. 03/15/2015.<br />
000000 00 0 PIVOTAL PROMONTORY LLC SECOND.......................................... ....... .. .......23 .4FE ...............135,834 ..........7.500 ...............150,000 ............2,000,000 ...............150,000 .......................... .......................... ...........1,794,100 .......................... ........11.830 ........10.360 MON.. .......................... .......................... 08/25/2005. 07/28/2011.<br />
725906 AH 4 PLACER DOME INC BD..................................................................... ....... .. ........... .2FE ............7,289,020 ........81.937 ............5,940,433 ............7,250,000 ............7,285,867 .......................... .................(625) ............................ .......................... ..........6.375 ..........6.335 MS..... ...........154,063 ...........462,188 03/03/2003. 03/01/2033.<br />
72605X AF 2 PLACER DOME INC MTN.................................................................. ....... .. ........... .1FE ..........10,000,000 ......102.900 ..........10,290,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.560 ..........7.560 JJ....... ...........348,600 ...........756,000 11/15/1995. 11/20/2013.<br />
72605X AK 1 PLACER DOME INC MTN.................................................................. ....... .. ........... .1FE ............5,000,000 ........96.051 ............4,802,550 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........7.370 ..........7.370 JJ....... ...........169,919 ...........368,500 05/29/1996. 06/03/2026.<br />
72650R AM 4 PLAINS ALL AMER PIPELINE LP/PA................................................ ....... .. ........... .2FE ..........12,008,400 ........66.182 ............7,941,840 ..........12,000,000 ..........12,008,141 .......................... .................(104) ............................ .......................... ..........6.700 ..........6.694 MN..... ...........102,733 ...........804,000 05/09/2006. 05/15/2036.<br />
726503 AD 7 PLAINS ALL AMERICAN PIPELINE L................................................ ....... .. ........... .2FE ............5,186,714 ........93.535 ............4,237,136 ............4,530,000 ............4,913,591 .......................... ............(89,205) ............................ .......................... ..........7.750 ..........5.257 AO...... .............74,116 ...........351,075 09/28/2005. 10/15/2012.<br />
72650R AB 8 PLAINS ALL AMERICAN PIPELINE S............................................... ....... .. .........1 .2FE ..........10,300,900 ........84.394 ............8,439,400 ..........10,000,000 ..........10,179,635 .......................... ............(31,002) ............................ .......................... ..........5.625 ..........5.209 JD...... .............25,000 ...........562,500 09/17/2004. 12/15/2013.<br />
72650R AD 4 PLAINS ALL AMERICAN PIPELINE S............................................... ....... .. .........1 .2FE ..........10,439,101 ........99.925 ..........10,202,343 ..........10,210,000 ..........10,242,476 .......................... ............(50,239) ............................ .......................... ..........4.750 ..........4.229 FA...... ...........183,213 ...........484,975 01/25/2005. 08/15/2009.<br />
72650R AF 9 PLAINS ALL AMERN PIPELINE LP/F................................................ ....... .. ........... .2FE ............5,046,450 ........77.556 ............3,877,800 ............5,000,000 ............5,042,862 .......................... ..............(3,588) ............................ .......................... ..........5.875 ..........5.734 FA...... ...........110,972 ...........146,875 03/03/2008. 08/15/2016.<br />
72650R AP 7 PLAINS ALL AMERN PIPELINE LP/P................................................ ....... .. ........... .2FE ............7,576,896 ........79.519 ............6,043,444 ............7,600,000 ............7,580,679 .......................... ...............1,808 ............................ .......................... ..........6.125 ..........6.162 JJ....... ...........214,647 ...........465,500 10/24/2006. 01/15/2017.<br />
72650R AR 3 PLAINS ALL AMERN PIPELINE LP/P................................................ ....... .. ........... .2FE ..........14,197,800 ........68.807 ............9,632,980 ..........14,000,000 ..........14,192,839 .......................... ..............(2,524) ............................ .......................... ..........6.650 ..........6.538 JJ....... ...........429,294 ...........931,000 12/06/2006. 01/15/2037.<br />
72650R AT 9 PLAINS ALL AMERN PIPELINE LP/P................................................ ....... .. ........... .2FE ..........43,906,043 ........79.750 ..........34,308,450 ..........43,020,000 ..........43,865,216 .......................... ............(40,827) ............................ .......................... ..........6.500 ..........6.218 MN..... ...........466,050 ........1,460,290 08/29/2008. 05/01/2018.<br />
726505 AC 4 PLAINS EXPLORATION & PRODUCTIO........................................... ....... .. 1 3...... .4FE ............2,814,300 ........68.500 ............2,055,000 ............3,000,000 ............2,834,071 .......................... .............13,897 ............................ .......................... ..........7.000 ..........7.739 MS..... .............61,833 ...........210,000 07/16/2007. 03/15/2017.<br />
727610 AD 9 PLASTIPAK HOLDINGS INC SR NT 1............................................... ....... .. .........1 .4FE ...............460,688 ........67.000 ...............301,500 ...............450,000 ...............457,447 .......................... ..............(1,179) ............................ .......................... ..........8.500 ..........8.144 JD...... ...............1,700 .............38,250 01/09/2006. 12/15/2015.<br />
72766C AD 8 PLATINUM UNDERWRITERS GTD................................................... ....... .. ........... .2FE ............7,956,800 ........64.914 ............5,193,120 ............8,000,000 ............7,965,974 .......................... ...............2,803 ............................ .......................... ..........7.500 ..........7.569 JD...... .............50,000 ...........600,000 05/20/2005. 06/01/2017.<br />
729237 B@ 5 PLUM CREEK TIMBER CO LP........................................................... ....... .. ........... ......2 ...............395,269 ........93.175 ...............368,292 ...............395,269 ...............395,269 .......................... .......................... ............................ .......................... ..........7.970 ..........7.970 MN..... ...............4,200 .............31,503 10/23/1996. 11/13/2011.<br />
72925P AB 1 PLUM CREEK TIMBERLANDS LP SR G........................................... ....... .. ........... .2FE ............6,840,720 ........81.676 ............5,717,320 ............7,000,000 ............6,873,796 .......................... .............14,270 ............................ .......................... ..........5.875 ..........6.141 MN..... .............52,549 ...........411,250 08/02/2006. 11/15/2015.<br />
72925# AC 1 PLUM CREEK TIMBERLANDS SER J S............................................ ....... .. ........... ......2 ............3,764,471 ........92.751 ............3,491,584 ............3,764,471 ............3,764,471 .......................... .......................... ............................ .......................... ..........7.660 ..........7.660 AO...... .............72,090 ...........288,358 10/09/2001. 10/01/2011.<br />
72925# AH 0 PLUM CREEK TIMBERLANDS SER N S........................................... ....... .. ........... ......2 ..........15,057,884 ........95.608 ..........14,396,542 ..........15,057,884 ..........15,057,884 .......................... .......................... ............................ .......................... ..........5.480 ..........5.480 JJ....... ...........366,743 ...........825,172 01/22/2003. 01/21/2010.<br />
72925# AJ 6 PLUM CREEK TIMBERLANDS SER O S........................................... ....... .. .........1 ......2 ..........13,175,649 ........84.533 ..........11,137,771 ..........13,175,649 ..........13,175,649 .......................... .......................... ............................ .......................... ..........6.180 ..........6.180 JJ....... ...........361,891 ...........814,255 01/22/2003. 01/21/2013.<br />
69344M AH 4 PMI GROUP INC SR NT..................................................................... ....... .. ........... .2FE ............4,597,654 ........59.461 ............2,735,206 ............4,600,000 ............4,598,075 .......................... ..................191 ............................ .......................... ..........6.000 ..........6.007 MS..... .............81,267 ...........276,000 09/13/2006. 09/15/2016.<br />
69344M AJ 0 PMI GROUP INC SR NT..................................................................... ....... .. ........... .2FE ..........16,864,510 ........49.497 ............8,414,490 ..........17,000,000 ..........16,868,057 .......................... ...............1,619 ............................ .......................... ..........6.625 ..........6.687 MS..... ...........331,618 ........1,126,250 09/13/2006. 09/15/2036.<br />
69349L AA 6 PNC BANK NA BANK NTS................................................................. ....... .. ........... .1FE ..........22,076,740 ........94.788 ..........20,853,360 ..........22,000,000 ..........22,057,284 .......................... ..............(5,814) ............................ .......................... ..........5.250 ..........5.211 JJ....... ...........532,583 ........1,155,000 03/31/2005. 01/15/2017.<br />
69349L AC 2 PNC BANK NA NTS............................................................................ ....... .. ........... .1FE ..........10,663,890 ........92.127 ..........10,133,970 ..........11,000,000 ..........10,735,147 .......................... .............23,331 ............................ .......................... ..........4.875 ..........5.221 MS..... ...........148,958 ...........536,250 10/14/2005. 09/21/2017.<br />
693476 AP 8 PNC FUNDING CORP GTD SB NT.................................................... ....... .. ........... .1FE .................14,070 ........99.858 .................13,980 .................14,000 .................14,067 .......................... .....................(3) ............................ .......................... ..........7.500 ..........6.883 MN..... ..................175 .......................... 12/15/2008. 11/01/2009.<br />
693476 AV 5 PNC FUNDING CORP NT................................................................... ....... .. ........... .1FE ..........19,496,130 ........99.222 ..........19,348,290 ..........19,500,000 ..........19,499,282 .......................... ..................569 ............................ .......................... ..........4.500 ..........4.503 MS..... ...........270,563 ...........877,500 05/13/2005. 03/10/2010.
E10.63<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
69347U AC 4 PNC FUNDING CORP SR NTS.......................................................... ....... .. ........... .1FE ............4,998,050 ......100.772 ............5,038,600 ............5,000,000 ............4,999,179 .......................... ..................389 ............................ .......................... ..........5.125 ..........5.134 JD...... .............12,101 ...........256,250 12/07/2005. 12/14/2010.<br />
693476 AT 0 PNC FUNDING CORP SUB NT.......................................................... ....... .. ........... .1FE ..........13,467,837 ........96.313 ..........12,679,606 ..........13,165,000 ..........13,365,445 .......................... ............(23,913) ............................ .......................... ..........5.250 ..........4.986 MN..... .............88,315 ...........691,163 10/05/2004. 11/15/2015.<br />
693476 BB 8 PNC FUNDING CORP SUB NT.......................................................... ....... .. ........... .1FE .................21,598 ........97.127 .................22,339 .................23,000 .................21,656 .......................... ....................58 ............................ .......................... ..........5.625 ..........6.566 FA...... ..................539 ..................366 12/08/2008. 02/01/2017.<br />
693927 AD 7 PNPP II FDG CRP COLLATERALIZED.............................................. ....... .. ........... .2FE ...............457,137 ........90.850 ...............454,250 ...............500,000 ...............474,856 .......................... ...............2,291 ............................ .......................... ..........8.830 ..........9.800 MN..... ...............3,802 .............44,150 06/01/1995. 05/30/2016.<br />
730857 AA 7 POKAGON GAMING AUTHORITY SR NT......................................... LS... .. .........1 .4FE ............1,456,496 ........86.000 ............1,200,560 ............1,396,000 ............1,435,311 .......................... ..............(9,331) ............................ .......................... ........10.375 ..........9.579 JD...... ...............6,437 ...........144,835 07/13/2006. 06/15/2014.<br />
73102Q AA 4 POLAR TANKERS INC 144A NT........................................................ ....... .. ........... .1FE ..........20,000,000 ........85.116 ..........17,023,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.951 ..........5.951 MN..... ...........168,612 ........1,190,200 05/07/2007. 05/10/2037.<br />
73109P AA 9 POLAROID CORPORATION NTS...................................................... ....... .. ........... .....6* ............................. ..........0.010 ......................320 ............3,199,991 ......................260 .......................... .......................... ............................ .......................... ..........6.750 ..........7.919 JJ....... .......................... .......................... 01/09/1997. 01/15/2006.<br />
73318E AL 7 POPULAR NORTH AMERICA INC MTN............................................ ....... .. ........... .1FE ..........14,972,250 ........97.736 ..........14,660,400 ..........15,000,000 ..........14,996,923 .......................... ...............5,941 ............................ .......................... ..........4.700 ..........4.742 JD...... ...............1,958 ........1,057,500 06/23/2004. 06/30/2009.<br />
P7906# AA 7 PORT OF SPAIN WATERFRONT DEV S.......................................... ....... F .........2 ......2 ..........53,926,654 ......104.499 ..........56,352,814 ..........53,926,654 ..........53,926,654 .......................... .......................... ............................ .......................... ..........6.090 ..........6.090 JJ....... ........1,642,067 ........2,744,294 12/28/2007. 01/01/2023.<br />
73731# AA 7 POSEIDON INV BV & POSEIDON DOM............................................ ....... .. ........... ......1 ..........22,000,000 ......101.827 ..........22,401,940 ..........22,000,000 ..........22,000,000 .......................... .......................... ............................ .......................... ..........7.730 ..........7.730 JJ....... ...........812,509 ........1,700,600 07/09/1999. 07/09/2009.<br />
73755L AC 1 POTASH CORP OF SASKATCHEWAN IN........................................ ....... .. ........... .2FE ..........15,135,447 ........94.691 ..........14,823,876 ..........15,655,000 ..........15,373,945 .......................... .............58,555 ............................ .......................... ..........4.875 ..........5.361 MS..... ...........254,394 ...........763,181 08/03/2006. 03/01/2013.<br />
73755L AB 3 POTASH CORP SASKATCHEWAN INC N........................................ ....... .. ........... .2FE ............3,532,418 ......104.150 ............3,384,875 ............3,250,000 ............3,338,659 .......................... ............(32,862) ............................ .......................... ..........7.750 ..........6.511 MN..... .............21,689 ...........251,875 11/20/2001. 05/31/2011.<br />
73763H AU 0 POTLATCH CORP NTS...................................................................... ....... .. ........... .3FE ............2,246,220 ......111.006 ............2,220,120 ............2,000,000 ............2,149,347 .......................... ............(11,004) ............................ .......................... ..........8.875 ..........7.717 JD...... .............14,792 ...........177,500 06/01/1995. 02/01/2018.<br />
739227 AA 4 POWER CONTRACT FINANCING 144A............................................ ....... .. ........... .2FE ............3,881,879 ........97.994 ............3,580,618 ............3,653,915 ............3,665,015 .......................... ............(21,954) ............................ .......................... ..........6.256 ..........5.727 FA...... .............95,245 ...........228,589 08/18/2004. 02/01/2010.<br />
73932L AA 1 POWER RECEIVABLE FIN LLC 144A............................................... ....... .. ........... .2FE ..........10,285,187 ........97.958 ............9,525,204 ............9,723,763 ............9,823,611 .......................... ............(68,025) ............................ .......................... ..........6.290 ..........5.585 JAJO.. ...........152,906 ...........611,625 01/23/2004. 01/01/2012.<br />
69351H AC 6 PPF FDG INC 144A NT....................................................................... ....... .. ........... .1FE ............1,871,914 ........66.312 ............1,243,350 ............1,875,000 ............1,872,390 .......................... ..................250 ............................ .......................... ..........5.625 ..........5.647 JJ....... .............48,633 ...........105,469 01/10/2007. 01/15/2017.<br />
69351H AA 0 PPF FUNDING INC 144A NT.............................................................. LS... .. ........... .1FE ............8,046,052 ........63.385 ............5,134,185 ............8,100,000 ............8,062,006 .......................... ...............4,864 ............................ .......................... ..........5.125 ..........5.212 JD...... .............34,594 ...........415,125 08/02/2005. 06/01/2015.<br />
693506 BB 2 PPG INDS INC NT............................................................................... ....... .. ........... .1FE ............8,168,780 ........98.506 ............7,880,480 ............8,000,000 ............8,164,144 .......................... ..............(4,636) ............................ .......................... ..........6.650 ..........6.295 MS..... ...........156,644 ...........261,567 08/19/2008. 03/15/2018.<br />
693506 AZ 0 PPG INDUSTRIES INC DB................................................................. ....... .. ........... .1FE ..........13,574,650 ......106.743 ..........14,944,020 ..........14,000,000 ..........13,685,549 .......................... .............18,441 ............................ .......................... ..........7.400 ..........7.711 FA...... ...........391,378 ........1,036,000 06/22/2001. 08/15/2019.<br />
693506 AQ 0 PPG INDUSTRIES INC DEB............................................................... ....... .. ........... .1FE ............3,334,770 ......115.145 ............3,454,350 ............3,000,000 ............3,232,156 .......................... ............(10,732) ............................ .......................... ..........9.000 ..........8.000 MN..... .............45,000 ...........270,000 09/09/1992. 05/01/2021.<br />
693506 AY 3 PPG INDUSTRIES INC NTS............................................................... ....... .. ........... .1FE ............7,062,799 ......102.102 ............7,106,299 ............6,960,000 ............6,969,911 .......................... ............(15,019) ............................ .......................... ..........7.050 ..........6.811 FA...... ...........185,368 ...........490,680 05/03/2001. 08/15/2009.<br />
693506 BC 0 PPG INDUSTRIES SR NT.................................................................. ....... .. ........... .1FE ..........10,559,400 ......103.185 ..........10,318,500 ..........10,000,000 ..........10,557,238 .......................... ..............(2,162) ............................ .......................... ..........7.700 ..........7.238 MS..... ...........226,722 ...........378,583 08/06/2008. 03/15/2038.<br />
69351U AB 9 PPL ELECTRIC UTILITIES CORP SR................................................ ....... .. ........... .1FE ............9,840,400 ......100.576 ............9,051,840 ............9,000,000 ............9,100,752 .......................... ..........(155,609) ............................ .......................... ..........6.250 ..........4.413 FA...... ...........212,500 ...........562,500 06/30/2004. 08/15/2009.<br />
69352J AC 1 PPL ENERGY SUPPLY LLC SR NT................................................... ....... .. ........... .2FE ............2,477,175 ........98.359 ............2,458,975 ............2,500,000 ............2,491,999 .......................... ...............2,491 ............................ .......................... ..........6.400 ..........6.525 MN..... .............26,667 ...........160,000 10/16/2001. 11/01/2011.<br />
69352J AF 4 PPL ENERGY SUPPLY LLC SR NT................................................... ....... .. ........... .2FE ..........13,389,539 ........85.388 ..........11,556,412 ..........13,534,000 ..........13,419,022 .......................... .............16,807 ............................ .......................... ..........5.400 ..........5.577 FA...... ...........276,094 ...........730,836 10/01/2007. 08/15/2014.<br />
69352J AH 0 PPL ENERGY SUPPLY LLC SR NT................................................... ....... .. ........... .2FE ..........14,046,735 ........82.795 ..........11,467,108 ..........13,850,000 ..........14,024,078 .......................... ............(17,152) ............................ .......................... ..........6.200 ..........5.984 MN..... ...........109,723 ...........858,700 02/14/2008. 05/15/2016.<br />
Q7397# AE 4 PRATT FIN PROPRIETARY LTD SER............................................... ....... F ........... ......2 ..........21,606,078 ........97.229 ..........18,473,510 ..........19,000,000 ..........21,110,882 .......................... ..........(218,837) ............................ .......................... ..........8.120 ..........6.221 MN..... ...........162,851 ........1,542,800 09/15/2006. 05/23/2016.<br />
Q7397# AG 9 PRATT FIN PROPRIETARY LTD SER............................................... ....... F ........... ......2 ..........15,500,000 ........90.472 ..........14,023,160 ..........15,500,000 ..........15,500,000 .......................... .......................... ............................ .......................... ..........5.600 ..........5.600 JD...... .............33,756 ...........868,000 12/17/2002. 12/17/2013.<br />
74005P AJ 3 PRAXAIR INC NT................................................................................ ....... .. ........... .1FE ..........22,423,425 ......104.904 ..........21,174,872 ..........20,185,000 ..........21,158,487 .......................... ..........(270,602) ............................ .......................... ..........6.375 ..........4.756 AO...... ...........321,698 ........1,286,794 01/07/2004. 04/01/2012.<br />
74005P AR 5 PRAXAIR INC NT................................................................................ ....... .. ........... .1FE ............1,872,356 ......100.662 ............1,887,413 ............1,875,000 ............1,872,619 .......................... ..................263 ............................ .......................... ..........4.625 ..........4.649 MS..... .............21,921 .............48,900 03/04/2008. 03/30/2015.<br />
74005P AL 8 PRAXAIR INC NTS.............................................................................. ....... .. ........... .1FE ............2,841,217 ........97.012 ............2,813,348 ............2,900,000 ............2,868,985 .......................... ...............6,259 ............................ .......................... ..........3.950 ..........4.219 JD...... ...............9,546 ...........114,550 03/23/2004. 06/01/2013.<br />
740189 AF 2 PRECISION CASTPARTS CORP CO GU.......................................... ....... .. .........1 .2FE ............5,139,300 ........90.165 ............4,508,250 ............5,000,000 ............5,082,898 .......................... ............(14,304) ............................ .......................... ..........5.600 ..........5.217 JD...... .............12,444 ...........280,000 09/01/2004. 12/15/2013.<br />
74042# AA 9 PREFCO 1X LTD PTSP SEC NTS BEL............................................. ....... .. ........... .1FE ............2,167,558 ......104.601 ............2,182,651 ............2,086,644 ............2,091,727 .......................... ..............(4,606) ............................ .......................... ..........8.970 ..........8.719 JJ....... .............93,586 ...........187,172 07/01/2001. 01/01/2011.<br />
740816 AE 3 PRESIDENT & FELLOWS HARVARD CO......................................... ....... .. ........... .1FE ..........19,309,685 ......112.569 ..........21,106,688 ..........18,750,000 ..........19,309,356 .......................... .................(329) ............................ .......................... ..........6.000 ..........5.599 JJ....... .............59,375 .......................... 12/23/2008. 01/15/2019.<br />
740816 AF 0 PRESIDENT & FELLOWS HARVARD CO......................................... ....... .. ........... .1FE ............7,282,310 ......104.033 ............7,282,310 ............7,000,000 ............7,282,170 .......................... .................(140) ............................ .......................... ..........5.000 ..........4.105 JJ....... .............18,472 .......................... 12/23/2008. 01/15/2014.<br />
741933 AE 5 PRIME PROPERTY FDG II INC 144A................................................ ....... .. ........... .1FE ............5,129,184 ........81.720 ............4,126,860 ............5,050,000 ............5,088,741 .......................... ............(14,397) ............................ .......................... ..........5.600 ..........5.262 JD...... .............12,569 ...........282,800 01/11/2006. 06/15/2011.<br />
N7121# AA 8 PRINCESS JULIANA AIRPORT 144 W.............................................. ....... .. .........2 ......3 ............7,525,296 ........71.118 ............5,153,612 ............7,246,565 ............7,459,343 .......................... ............(31,671) ............................ .......................... ..........8.250 ..........7.568 FMAN. .............54,802 ...........597,842 08/28/2006. 05/28/2019.<br />
74251U AC 8 PRINCIPAL FINL GP (AU) GTD SR................................................... ....... F ........... .1FE ............9,968,900 ......100.798 ..........10,079,800 ..........10,000,000 ............9,997,197 .......................... ...............4,200 ............................ .......................... ..........8.200 ..........8.246 FA...... ...........309,778 ...........820,000 08/18/1999. 08/15/2009.<br />
7425A0 AW 0 PRINCIPAL LIFE GLOBAL NTS 144A................................................ ....... .. ........... .1FE ............2,487,675 ........91.529 ............2,288,225 ............2,500,000 ............2,492,246 .......................... ...............1,037 ............................ .......................... ..........5.050 ..........5.109 MS..... .............37,174 ...........126,250 04/05/2004. 03/15/2015.<br />
7425A0 BB 5 PRINCIPAL LIFE GLOBAL NTS 144A................................................ LS... .. ........... .1FE ..........21,216,800 ........98.122 ..........20,605,620 ..........21,000,000 ..........21,067,378 .......................... ............(36,295) ............................ .......................... ..........4.400 ..........4.208 AO...... ...........231,000 ...........924,000 10/12/2004. 10/01/2010.<br />
7425A0 A5 9 PRINCIPAL LIFE GLOBAL SEC 144.................................................. ....... .. ........... .1FE ..........46,379,150 ........94.484 ..........42,517,800 ..........45,000,000 ..........45,692,843 .......................... ..........(151,907) ............................ .......................... ..........5.250 ..........4.826 JJ....... ........1,089,375 ........2,362,500 02/04/2004. 01/15/2013.<br />
86357V AB 5 PRIVATE SETS TR SER 98-3 144A................................................... ....... .. .........3 .1FE ............6,112,270 ........29.750 ............7,031,710 ..........23,636,000 ..........12,772,315 .......................... ...........860,025 ............................ .......................... ................... ..........1.369 JJ....... .......................... .......................... 05/26/1998. 07/15/2097.<br />
742718 CB 3 PROCTER & GAMBLE CO NT........................................................... LS... .. ........... .1FE ............5,974,620 ......104.459 ............6,267,540 ............6,000,000 ............5,976,557 .......................... ..................425 ............................ .......................... ..........5.500 ..........5.529 FA...... ...........137,500 ...........330,000 01/22/2004. 02/01/2034.<br />
742718 DL 0 PROCTER & GAMBLE CO NT........................................................... ....... .. ........... .1FE ............5,998,680 ......107.754 ............6,465,240 ............6,000,000 ............5,998,688 .......................... ......................8 ............................ .......................... ..........4.600 ..........4.604 JJ....... ...............9,967 .......................... 12/15/2008. 01/15/2014.<br />
742718 AU 3 PROCTOR & GAMBLE COMPANY DB.............................................. ....... .. ........... .1FE ..........18,587,820 ......103.557 ..........16,340,259 ..........15,779,000 ..........16,053,866 .......................... ..........(430,373) ............................ .......................... ..........8.500 ..........5.561 FA...... ...........525,309 ........1,341,215 02/11/2002. 08/10/2009.<br />
742718 BH 1 PROCTOR AND GAMBLE DEBS....................................................... ....... .. .........1 .1FE ............5,497,400 ......116.227 ............5,811,350 ............5,000,000 ............5,429,977 .......................... ............(14,696) ............................ .......................... ..........6.450 ..........5.658 JJ....... ...........148,708 ...........322,500 10/22/2003. 01/15/2026.<br />
743263 AE 5 PROGRESS ENERGY INC BD........................................................... ....... .. ........... .2FE ............8,672,400 ......100.121 ............9,010,890 ............9,000,000 ............8,696,245 .......................... ...............4,059 ............................ .......................... ..........7.750 ..........7.760 MS..... ...........232,500 ...........697,500 02/14/2001. 03/01/2031.<br />
743263 AD 7 PROGRESS ENERGY INC NT........................................................... ....... .. ........... .2FE ..........11,339,455 ........99.113 ..........10,406,865 ..........10,500,000 ..........10,803,936 .......................... ..........(128,679) ............................ .......................... ..........7.100 ..........5.659 MS..... ...........248,500 ...........745,500 07/28/2004. 03/01/2011.<br />
743315 AL 7 PROGRESSIVE CORP OHIO NT....................................................... ....... .. ........... .1FE ............3,236,629 ........85.929 ............2,788,396 ............3,245,000 ............3,237,314 .......................... ..................128 ............................ .......................... ..........6.250 ..........6.268 JD...... .............16,901 ...........202,813 01/06/2003. 12/01/2032.<br />
743315 AJ 2 PROGRESSIVE CORP SR NT........................................................... ....... .. ........... .1FE ............6,291,450 ........94.276 ............5,656,560 ............6,000,000 ............6,258,783 .......................... ..............(6,287) ............................ .......................... ..........6.625 ..........6.245 MS..... ...........132,500 ...........397,500 01/06/2003. 03/01/2029.<br />
743315 AK 9 PROGRESSIVE CORP SR NTS......................................................... ....... .. .........1 .1FE ..........11,237,450 ......101.861 ..........10,186,100 ..........10,000,000 ..........10,535,175 .......................... ..........(160,943) ............................ .......................... ..........6.375 ..........4.473 JJ....... ...........293,958 ...........637,500 04/15/2004. 01/15/2012.<br />
743410 AJ 1 PROLOGIS SR NT.............................................................................. ....... .. ........... .2FE ............8,713,900 ........49.766 ............4,478,940 ............9,000,000 ............8,773,380 .......................... .............25,860 ............................ .......................... ..........5.625 ..........6.077 MN..... .............64,688 ...........506,250 08/03/2006. 11/15/2015.<br />
743410 AE 2 PROLOGIS TRUST NT....................................................................... ....... .. .........1 .2FE ..........32,665,555 ........57.995 ..........18,906,370 ..........32,600,000 ..........32,635,711 .......................... ..............(7,678) ............................ .......................... ..........5.500 ..........5.470 MS..... ...........597,667 ........1,793,000 07/12/2004. 03/01/2013.
E10.64<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
743759 AP 7 PROVIDENCE HEALTH SYS OBLIG GR........................................... ....... .. ........... .1FE ............3,000,000 ........99.770 ............2,993,100 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.630 ..........5.630 AO...... .............40,200 ...........160,800 07/14/2005. 10/01/2025.<br />
74432Q AH 8 PRUDENTIAL FINANCIAL INC BDS.................................................. ....... .. ........... .1FE ............4,964,000 ........59.723 ............2,986,150 ............5,000,000 ............4,965,886 .......................... ..................568 ............................ .......................... ..........5.400 ..........5.449 JD...... .............13,500 ...........270,000 06/08/2005. 06/13/2035.<br />
74432Q AD 7 PRUDENTIAL FINANCIAL INC MTN.................................................. ....... .. ........... .1FE ..........19,815,250 ........82.455 ..........16,491,000 ..........20,000,000 ..........19,891,617 .......................... .............17,620 ............................ .......................... ..........4.750 ..........4.868 AO...... ...........237,500 ...........950,000 04/05/2004. 04/01/2014.<br />
74432Q AB 1 PRUDENTIAL FINANCIAL INC MTN S.............................................. ....... .. ........... .1FE ..........14,648,850 ........76.674 ..........11,501,100 ..........15,000,000 ..........14,804,476 .......................... .............37,631 ............................ .......................... ..........4.500 ..........4.823 JJ....... ...........311,250 ...........675,000 01/05/2005. 07/15/2013.<br />
74432Q AC 9 PRUDENTIAL FINANCIAL INC MTN S.............................................. LS... .. ........... .1FE ..........15,911,776 ........64.376 ..........10,626,546 ..........16,507,000 ..........15,954,864 .......................... ...............9,682 ............................ .......................... ..........5.750 ..........6.013 JJ....... ...........437,665 ...........949,153 04/05/2004. 07/15/2033.<br />
74432Q AE 5 PRUDENTIAL FINANCIAL INC MTN S.............................................. ....... .. ........... .1FE ..........20,258,852 ........83.642 ..........17,062,968 ..........20,400,000 ..........20,296,729 .......................... .............14,946 ............................ .......................... ..........5.100 ..........5.203 MS..... ...........291,890 ........1,040,400 03/15/2006. 09/20/2014.<br />
74432Q AJ 4 PRUDENTIAL FINL INC GLBL MTN................................................... ....... .. ........... .1FE ............7,972,720 ........80.575 ............6,446,000 ............8,000,000 ............7,978,864 .......................... ...............2,328 ............................ .......................... ..........5.500 ..........5.545 MS..... ...........129,556 ...........440,000 03/21/2006. 03/15/2016.<br />
74435S AC 2 PRUDENTIAL PROP SEP ACCT SER 1............................................ ....... .. ........... .1FE ..........10,218,554 ......100.079 ..........10,007,900 ..........10,000,000 ..........10,008,669 .......................... ............(32,996) ............................ .......................... ..........6.625 ..........6.280 AO...... ...........165,625 ...........662,500 12/29/2000. 04/01/2009.<br />
69362B AN 2 PSEG PWR LLC SR NT...................................................................... ....... .. ........... .2FE ............2,934,316 ........89.367 ............2,623,815 ............2,936,000 ............2,934,509 .......................... ..................172 ............................ .......................... ..........5.500 ..........5.509 JD...... .............13,457 ...........161,480 12/04/2007. 12/01/2015.<br />
74439H AD 0 PSYCHIATRIC SOLUTIONS SR SUB N............................................ ....... .. .........1 .4FE ............1,374,813 ........73.500 ...............992,250 ............1,350,000 ............1,366,119 .......................... ..............(2,912) ............................ .......................... ..........7.750 ..........7.482 JJ....... .............48,244 ...........104,625 10/07/2005. 07/15/2015.<br />
69367C AA 3 PTT PUBLIC CO LTD 144A NT.......................................................... ....... .. ........... .2FE ..........15,419,505 ........95.500 ..........14,802,500 ..........15,500,000 ..........15,449,498 .......................... ...............7,443 ............................ .......................... ..........5.750 ..........5.819 FA...... ...........371,354 ...........891,250 07/15/2004. 08/01/2014.<br />
74456Q AJ 5 PUBLIC SERVICE ELECTRIC & GAS................................................ ....... .. ........... .1FE ..........19,922,000 ........98.452 ..........19,690,400 ..........20,000,000 ..........19,966,364 .......................... ...............8,125 ............................ .......................... ..........5.125 ..........5.176 MS..... ...........341,667 ........1,025,000 09/12/2002. 09/01/2012.<br />
744593 AJ 3 PUBLIC STEER TR SER 98-F-Z4 CL................................................. ....... .. .........3 .5FE ............................. ........15.000 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... MN..... ....................40 .......................... 05/06/1998. 05/15/2097.<br />
744448 BZ 3 PUBLIC SVC CO OF COLORADO 1ST............................................. ....... .. ........... .1FE ............5,096,000 ......107.905 ............5,395,250 ............5,000,000 ............5,094,422 .......................... ..............(1,195) ............................ .......................... ..........6.250 ..........6.108 MS..... ...........104,167 ...........326,389 08/28/2007. 09/01/2037.<br />
74500P AC 8 PUEBLO OF SANTA ANA 144A BDS................................................ ....... .. .........2 .3FE ............7,200,000 ........82.177 ............5,916,744 ............7,200,000 ............7,200,000 .......................... .......................... ............................ .......................... ..........6.290 ..........6.290 JJ....... ...........226,440 ...........452,880 02/14/2006. 04/01/2015.<br />
74531E AG 7 PUGET ENERGY INC SER C 1ST MTG............................................ ....... .. ........... .2FE ............2,214,000 ......104.657 ............2,093,140 ............2,000,000 ............2,058,965 .......................... ............(25,725) ............................ .......................... ..........7.690 ..........6.162 MN..... .............19,652 ...........153,800 10/04/2001. 02/01/2011.<br />
745867 AR 2 PULTE HOMES INC NT...................................................................... ....... .. ........... .3FE ............7,979,200 ........97.000 ............7,760,000 ............8,000,000 ............7,997,502 .......................... ...............4,443 ............................ .......................... ..........4.875 ..........4.934 JJ....... ...........179,833 ...........390,000 07/06/2004. 07/15/2009.<br />
745867 AS 0 PULTE HOMES INC NT...................................................................... ....... .. ........... .3FE ..........11,977,680 ........68.000 ............8,160,000 ..........12,000,000 ..........11,985,012 .......................... ...............2,028 ............................ .......................... ..........5.200 ..........5.224 FA...... ...........235,733 ...........624,000 02/07/2005. 02/15/2015.<br />
745867 AT 8 PULTE HOMES INC NT...................................................................... ....... .. ........... .3FE ............9,973,600 ........51.000 ............5,100,000 ..........10,000,000 ............9,974,989 .......................... ..................388 ............................ .......................... ..........6.000 ..........6.019 FA...... ...........226,667 ...........600,000 02/07/2005. 02/15/2035.<br />
745867 AQ 4 PULTE HOMES INC NTS................................................................... ....... .. .........1 .3FE ..........24,435,850 ........71.500 ..........17,875,000 ..........25,000,000 ..........24,664,387 .......................... .............55,114 ............................ .......................... ..........5.250 ..........5.556 JJ....... ...........605,208 ........1,312,500 06/09/2004. 01/15/2014.<br />
745867 AN 1 PULTE HOMES INC SR NT................................................................ ....... .. ........... .3FE ............9,168,059 ........76.000 ............6,840,000 ............9,000,000 ............9,081,722 .......................... ............(17,032) ............................ .......................... ..........6.250 ..........5.997 FA...... ...........212,500 ...........562,500 03/13/2003. 02/15/2013.<br />
74731@ AB 5 QUAD/GRAPHICS INC SER 96-1 TR................................................. ....... .. ........... ......2 ............5,454,546 ......103.553 ............5,648,346 ............5,454,546 ............5,454,546 .......................... .......................... ............................ .......................... ..........8.040 ..........8.040 JD...... .............19,491 ...........438,545 07/09/1996. 06/15/2016.<br />
74731@ BH 1 QUAD/GRAPHICS INC SER 98-9 TRA.............................................. ....... .. ........... ......2 ..........12,240,000 ......101.011 ..........12,363,746 ..........12,240,000 ..........12,240,000 .......................... .......................... ............................ .......................... ..........7.030 ..........7.030 JD...... .............47,804 ...........860,472 12/08/1998. 12/11/2013.<br />
74731@ AV 1 QUAD/GRAPHICS INC SR SEC NTS 1............................................. ....... .. ........... ......2 ............1,687,676 ........98.707 ............1,875,433 ............1,900,000 ............1,804,449 .......................... .............18,238 ............................ .......................... ..........6.910 ..........8.333 AO...... .............24,435 ...........131,290 09/15/1999. 04/24/2018.<br />
74731@ BK 4 QUAD/GRAPHICS INC SR SEC SER D............................................. ....... .. ........... ......2 ..........10,000,000 ........93.947 ............9,394,700 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.920 ..........7.920 JD...... .............44,000 ...........792,000 12/11/1998. 12/11/2023.<br />
74731@ BU 2 QUAD/GRAPHICS INC SR SEC SER 0............................................. ....... .. ........... ......2 ............1,875,000 ......101.753 ............1,907,869 ............1,875,000 ............1,875,000 .......................... .......................... ............................ .......................... ..........7.460 ..........7.460 AO...... .............31,472 ...........139,875 04/10/2001. 04/10/2016.<br />
74731@ AF 6 QUAD/GRAPHICS INC SR SEC SER 9............................................. ....... .. ........... ......2 ............2,727,273 ......103.766 ............2,829,982 ............2,727,273 ............2,727,273 .......................... .......................... ............................ .......................... ..........8.100 ..........8.100 MS..... .............55,841 ...........220,909 09/30/1996. 09/30/2016.<br />
74731@ AL 3 QUAD/GRAPHICS INC SR SEC SER 9............................................. ....... .. ........... ......2 ............2,727,273 ......104.026 ............2,837,073 ............2,727,273 ............2,727,273 .......................... .......................... ............................ .......................... ..........8.160 ..........8.160 JD...... ...............9,891 ...........222,545 12/16/1996. 12/15/2016.<br />
74731@ AY 5 QUAD/GRAPHICS INC SR SEC SER 9............................................. ....... .. ........... ......2 ............9,500,000 ........92.897 ............8,825,215 ............9,500,000 ............9,500,000 .......................... .......................... ............................ .......................... ..........7.100 ..........7.100 MN..... .............73,071 ...........674,500 05/22/1998. 05/22/2018.<br />
74731@ BA 6 QUAD/GRAPHICS INC SR SEC SER 9............................................. ....... .. ........... ......2 ............7,934,155 ........87.954 ............7,476,090 ............8,500,000 ............8,061,944 .......................... .............15,894 ............................ .......................... ..........7.200 ..........7.840 JD...... ...............8,500 ...........612,000 08/30/2001. 06/26/2023.<br />
74732@ AB 4 QUAD/GRAPHICS TR B 2006-1 SR S............................................... ....... .. ........... ......2 ...............500,000 ........76.085 ...............380,425 ...............500,000 ...............500,000 .......................... .......................... ............................ .......................... ..........6.290 ..........6.290 JJ....... .............13,192 .............31,450 01/30/2006. 01/30/2031.<br />
74732@ AC 2 QUAD/GRAPHICS TR C 2006-1 SR S............................................... ....... .. ........... ......2 ............1,000,000 ........76.914 ...............769,140 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........6.490 ..........6.490 JJ....... .............27,222 .............64,900 01/30/2006. 01/30/2036.<br />
74732@ AE 8 QUAD/GRAPHICS TR E 2006-1 SR S............................................... ....... .. ........... ......2 ...............500,000 ........76.024 ...............380,120 ...............500,000 ...............500,000 .......................... .......................... ............................ .......................... ..........6.290 ..........6.290 AO...... ...............6,727 .............31,450 04/13/2006. 04/14/2031.<br />
74732@ AF 5 QUAD/GRAPHICS TR F 2006-1 SR S................................................ ....... .. ........... ......2 ............1,000,000 ........76.898 ...............768,980 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........6.490 ..........6.490 AO...... .............13,881 .............64,900 04/13/2006. 04/14/2036.<br />
74740F EZ 5 QUAKER OATS................................................................................... ....... .. ........... .1FE ...............986,560 ......108.105 ............1,081,050 ............1,000,000 ...............994,499 .......................... ..................966 ............................ .......................... ..........6.630 ..........6.769 JJ....... .............30,572 .............66,300 12/17/1997. 09/09/2013.<br />
74831* AA 8 QUEENSLAND 1995 PASS-THROUGH T......................................... ....... .. .........1 ......1 ..........14,420,000 ......133.186 ..........19,205,421 ..........14,420,000 ..........14,420,000 .......................... .......................... ............................ .......................... ..........7.820 ..........7.820 J......... ........1,121,379 ........1,127,644 01/03/1997. 01/03/2033.<br />
74834L AL 4 QUEST DIAGNOSTIC INC.................................................................. ....... .. ........... .2FE ..........20,382,693 ........87.731 ..........18,126,102 ..........20,661,000 ..........20,437,485 .......................... .............25,903 ............................ .......................... ..........5.450 ..........5.642 MN..... ...........187,671 ........1,125,752 12/12/2008. 11/01/2015.<br />
74834L AE 0 QUEST DIAGNOSTIC INC CO GUARNT........................................... ....... .. .........1 .2FE ..........24,707,460 ......107.947 ..........23,348,936 ..........21,630,000 ..........22,908,730 .......................... ..........(462,445) ............................ .......................... ..........7.500 ..........4.986 JJ....... ...........761,556 ........1,622,250 04/08/2005. 07/12/2011.<br />
74834L AN 0 QUEST DIAGNOSTICS INC GLBL NT............................................... ....... .. ........... .2FE ..........12,628,775 ........85.528 ..........10,691,000 ..........12,500,000 ..........12,627,056 .......................... ..............(1,440) ............................ .......................... ..........6.950 ..........6.867 JJ....... ...........434,375 ...........890,469 09/25/2007. 07/01/2037.<br />
74834L AK 6 QUEST DIAGNOSTICS INC NT......................................................... ....... .. ........... .2FE .................38,900 ........97.068 .................38,827 .................40,000 .................38,921 .......................... ....................21 ............................ .......................... ..........5.125 ..........6.706 MN..... ..................342 .......................... 12/11/2008. 11/01/2010.<br />
62402X AZ 4 QUESTAR GAS CO MTN................................................................... ....... .. ........... .1FE ............4,232,600 ......103.476 ............4,139,040 ............4,000,000 ............4,100,039 .......................... ............(24,144) ............................ .......................... ..........6.910 ..........6.126 AO...... .............69,100 ...........276,400 07/11/2002. 08/06/2012.<br />
G3651# AG 0 QUINN GROUP LTD SER A SR NT................................................... ....... F ........... ......2 ............5,000,000 ........88.913 ............4,445,650 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 AO...... .............68,689 ...........281,000 04/03/2007. 04/03/2012.<br />
G3651# AE 5 QUINN GROUP LTD SER B SR GTD N............................................. ....... F ........... ......2 ..........20,000,000 ........87.796 ..........17,559,200 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........6.110 ..........6.110 AO...... ...........224,033 ........1,222,000 04/25/2006. 04/25/2013.<br />
G3651# AH 8 QUINN GROUP LTD SER B SR NT................................................... ....... F ........... ......2 ..........10,000,000 ........83.106 ............8,310,600 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 AO...... ...........140,556 ...........575,000 04/03/2007. 04/03/2014.<br />
G3651# AJ 4 QUINN GROUP LTD SER C SR NT................................................... ....... F ........... ......2 ............5,000,000 ........73.947 ............3,697,350 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.870 ..........5.870 AO...... .............71,744 ...........293,500 04/03/2007. 04/03/2017.<br />
G3651# AB 1 QUINN GRP LTD SER B SR GTD NT................................................ ....... F ........... ......2 ..........30,000,000 ........86.988 ..........26,096,400 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........5.400 ..........5.400 AO...... ...........351,000 ........1,620,000 10/13/2005. 10/13/2012.<br />
G3651# AC 9 QUINN GRP LTD SER C SR GTD NTS............................................. ....... F ........... ......2 ..........17,500,000 ........77.714 ..........13,599,950 ..........17,500,000 ..........17,500,000 .......................... .......................... ............................ .......................... ..........5.580 ..........5.580 AO...... ...........211,575 ...........976,500 10/13/2005. 10/13/2015.<br />
74913G AC 9 QWEST CORP NTS............................................................................ ....... .. .........1 .2FE ...............754,075 ........92.500 ...............642,875 ...............695,000 ...............728,728 .......................... ..............(9,050) ............................ .......................... ..........8.875 ..........7.462 MS..... .............18,162 .............61,681 04/08/2004. 03/15/2012.<br />
76126C DF 6 RACERS SER 1998 CCE 1 CL A2 14................................................. ....... .. 1 3...... .1FE ..........11,329,506 ........46.650 ..........20,992,500 ..........45,000,000 ..........23,165,026 .......................... ........1,583,725 ............................ .......................... ................... ..........7.203 NONE .......................... .......................... 05/18/1998. 05/15/2098.<br />
76126C GB 2 RACERS SER 1999 24 S CCE CL A1................................................ ....... .. ........... .1FE ............4,175,092 ........81.450 ............3,706,152 ............4,550,218 ............4,337,589 .......................... .............36,111 ............................ .......................... ..........6.625 ..........7.781 MN..... .............38,519 ...........301,452 10/20/1999. 05/15/2018.<br />
76126C BB 7 RACERS SER 97 S 7 1 CL A1 144A.................................................. ....... .. .......23 .1FE ............1,924,849 ........82.000 ............1,551,505 ............1,892,079 ............1,892,079 .......................... ............(26,445) ............................ .......................... ..........6.266 ..........6.125 MN..... .............15,151 ...........118,570 01/26/1999. 05/15/2017.<br />
750236 AJ 0 RADIAN GROUP INC SR NT.............................................................. ....... .. ........... .3FE ..........12,678,452 ........38.250 ............5,123,588 ..........13,395,000 ..........12,837,988 .......................... .............68,324 ............................ .......................... ..........5.375 ..........6.164 JD...... .............31,999 ...........719,981 11/01/2006. 06/15/2015.<br />
76159# AA 3 RAIL CO II (CARGILL-LESSEE) SE................................................... ....... .. ........... ......1 ............4,945,291 ......109.989 ............5,425,576 ............4,932,835 ............4,935,403 .......................... .................(717) ............................ .......................... ..........8.710 ..........8.710 MON.. .............35,804 ...........429,647 08/27/1992. 08/31/2012.
E10.65<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
75074# AF 6 RAIL CO VII INVESTORS (TR 5) S.................................................... ....... .. ........... ......1 ............1,469,070 ......104.023 ............1,528,171 ............1,469,070 ............1,469,070 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MON.. ...............8,570 ...........102,835 03/29/1996. 04/01/2011.<br />
75074# AE 9 RAIL CO VII INVESTORS INC SEC................................................... ....... .. ........... ......1 ............4,959,629 ......104.007 ............5,158,361 ............4,959,629 ............4,959,629 .......................... .......................... ............................ .......................... ..........6.990 ..........6.990 MON.. .............28,890 ...........346,679 02/29/1996. 04/01/2011.<br />
75074# AC 3 RAIL CO VII INVESTORS INC TR2.................................................... ....... .. ........... ......1 ............3,142,477 ......103.962 ............3,266,982 ............3,142,477 ............3,142,477 .......................... .......................... ............................ .......................... ..........6.970 ..........6.970 MON.. .............18,253 ...........219,340 12/29/1995. 04/01/2011.<br />
75074# AD 1 RAIL CO VII INVESTORS SECD NT.................................................. ....... .. ........... ......1 ............2,384,848 ......103.984 ............2,478,132 ............2,383,186 ............2,383,186 .......................... .....................(2) ............................ .......................... ..........6.980 ..........6.980 MON.. .............13,862 ...........166,346 01/31/1996. 04/01/2011.<br />
75074# AB 5 RAIL CO VII INVTRS(CARGILL-LES.................................................. ....... .. ........... ......1 ............2,674,098 ......103.945 ............2,779,591 ............2,674,098 ............2,674,098 .......................... .......................... ............................ .......................... ..........6.960 ..........6.960 MON.. .............15,510 ...........186,117 11/30/1995. 04/01/2011.<br />
751277 AM 6 RALSTON PURINA CO SR DB........................................................... ....... .. ........... .1FE ............3,532,710 ......105.342 ............3,160,260 ............3,000,000 ............3,045,514 .......................... ............(53,945) ............................ .......................... ..........9.250 ..........7.240 AO...... .............58,583 ...........277,500 06/01/1995. 10/15/2009.<br />
75405T AA 7 RAS LAFFAN LIQUEFIED NAT GAS C.............................................. ....... .. ........... .1FE ..........14,572,200 ........71.247 ..........10,687,050 ..........15,000,000 ..........14,639,235 .......................... .............42,046 ............................ .......................... ..........5.298 ..........5.728 MS..... ...........200,883 ...........794,700 05/11/2007. 09/30/2020.<br />
754427 AA 0 RAVENSWOOD UNIT 40 (KEYSPAN) S............................................ ....... .. ........... ......1 ............7,659,405 ......100.182 ............7,673,345 ............7,659,405 ............7,659,405 .......................... .......................... ............................ .......................... ..........5.996 ..........5.996 JJ....... ...........211,769 ...........459,258 05/12/2004. 01/15/2019.<br />
755111 AU 5 RAYTHEON CO DEB.......................................................................... ....... .. ........... .1FE ............3,970,483 ......108.251 ............4,330,040 ............4,000,000 ............3,980,550 .......................... ...............1,356 ............................ .......................... ..........6.400 ..........6.467 JD...... .............11,378 ...........256,000 06/18/1999. 12/15/2018.<br />
755111 BQ 3 RAYTHEON CO NT............................................................................. ....... .. ........... .1FE ............6,984,600 ......101.043 ............7,073,010 ............7,000,000 ............6,995,171 .......................... ...............2,197 ............................ .......................... ..........4.850 ..........4.886 JJ....... ...........156,547 ...........339,500 12/08/2003. 01/15/2011.<br />
755111 AF 8 RAYTHEON COMPANY BD............................................................... ....... .. ........... .1FE ............1,538,985 ......115.318 ............1,729,770 ............1,500,000 ............1,532,534 .......................... .................(832) ............................ .......................... ..........7.200 ..........6.990 FA...... .............40,800 ...........108,000 11/17/1997. 08/15/2027.<br />
74932# AA 2 RC CEMENT HLDG SER A GTD SR NT............................................ ....... .. ........... ......2 ............5,333,349 ........99.968 ............5,331,642 ............5,333,349 ............5,333,349 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 MN..... .............31,289 ...........352,000 05/29/2002. 05/29/2010.<br />
74932# AB 0 RC CEMENT HLDG SER B GTD SR NT............................................ ....... .. ........... ......2 ..........12,000,000 ........98.737 ..........11,848,440 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........6.920 ..........6.920 MN..... .............73,813 ...........830,400 05/29/2002. 05/29/2013.<br />
756109 AH 7 REALTY INCOME CORP SR NT........................................................ ....... .. ........... .2FE ............7,997,920 ........66.916 ............5,353,280 ............8,000,000 ............7,998,366 .......................... ..................144 ............................ .......................... ..........5.375 ..........5.378 MS..... ...........126,611 ...........430,000 09/08/2005. 09/15/2017.<br />
755920 AA 3 RECEIPT ON CORP SEC TRUST SER............................................. ....... .. .........3 .2FE ..........10,884,120 ........20.050 ..........10,426,000 ..........52,000,000 ..........26,094,080 .......................... ........1,936,626 ............................ .......................... ................... ..........1.573 JJ....... .......................... .......................... 08/25/1997. 07/01/2097.<br />
755920 AB 1 RECEIPT ON CORP SECS TR SER FD............................................ ....... .. ........... .2FE ..........11,361,744 ........75.112 ............9,035,211 ..........12,028,984 ..........11,652,996 .......................... .............69,991 ............................ .......................... ..........7.000 ..........7.601 JJ....... ...........421,014 ...........842,029 10/28/1998. 07/01/2017.<br />
755920 AD 7 RECEIPT ON CORP SECS TR SER 14............................................. ....... .. ........... .1FE ............5,406,147 ........79.106 ............4,826,294 ............6,101,046 ............5,728,082 .......................... .............64,701 ............................ .......................... ..........6.295 ..........7.872 JJ....... ...........177,095 ...........384,071 09/27/2000. 01/15/2018.<br />
75621L AK 0 RECKSON OPERATING PARTNERSHIP.......................................... ....... .. ........... .3FE ............9,985,700 ........56.536 ............5,653,600 ..........10,000,000 ............9,988,829 .......................... ...............1,197 ............................ .......................... ..........6.000 ..........6.019 MN..... .............76,667 ...........600,000 03/28/2006. 03/31/2016.<br />
758202 AB 1 REED ELSEVIER CAPITAL INC NT................................................... ....... .. ........... .2FE ..........31,397,493 ........93.202 ..........27,378,088 ..........29,375,000 ..........30,128,929 .......................... ..........(265,397) ............................ .......................... ..........6.750 ..........5.664 FA...... ...........826,172 ........1,982,813 06/07/2005. 08/01/2011.<br />
758202 AD 7 REED ELSEVIER CAPITAL NTS........................................................ LS... .. .........1 .2FE ..........20,279,448 ........87.981 ..........17,943,725 ..........20,395,000 ..........20,332,638 .......................... .............16,212 ............................ .......................... ..........4.625 ..........4.722 JD...... .............41,923 ...........943,269 08/25/2005. 06/15/2012.<br />
758203 AA 1 REED ELSEVIER INC 144A NT.......................................................... ....... .. ........... .2FE ............3,021,025 ........89.623 ............3,136,805 ............3,500,000 ............3,102,229 .......................... .............13,765 ............................ .......................... ..........6.625 ..........7.943 AO...... .............48,951 ...........231,875 06/28/2001. 10/15/2023.<br />
75884R AQ 6 REGENCY CENTERS LP GTD NT..................................................... ....... .. ........... .2FE ...................9,888 ........63.330 ...................6,333 .................10,000 ...................9,900 .......................... ......................9 ............................ .......................... ..........5.875 ..........6.024 JD...... ....................26 ..................588 08/06/2007. 06/15/2017.<br />
75884R AF 0 REGENCY CENTERS LP NT............................................................. ....... .. ........... .2FE ..........11,690,140 ........92.020 ..........10,122,200 ..........11,000,000 ..........11,162,429 .......................... ............(88,162) ............................ .......................... ..........8.450 ..........7.490 MS..... ...........309,833 ...........929,500 06/21/2001. 09/01/2010.<br />
75884R AK 9 REGENCY CENTERS LP NT............................................................. ....... .. ........... .2FE ............4,496,320 ........80.965 ............3,238,600 ............4,000,000 ............4,216,691 .......................... ............(64,661) ............................ .......................... ..........6.750 ..........4.813 JJ....... ...........124,500 ...........270,000 04/06/2004. 01/15/2012.<br />
75884R AP 8 REGENCY CENTERS LP NT............................................................. ....... .. ........... .2FE ............3,994,320 ........66.274 ............2,650,960 ............4,000,000 ............3,995,949 .......................... ..................503 ............................ .......................... ..........5.250 ..........5.268 FA...... .............87,500 ...........210,000 07/13/2005. 08/01/2015.<br />
75884R AH 6 REGENCY CENTERS LP NTS........................................................... ....... .. .........1 .2FE ............7,989,360 ........89.484 ............7,158,720 ............8,000,000 ............7,997,043 .......................... ...............1,285 ............................ .......................... ..........7.950 ..........7.970 JJ....... ...........293,267 ...........636,000 01/17/2001. 01/15/2011.<br />
75884R AL 7 REGENCY CENTERS LP NTS........................................................... ....... .. .........1 .2FE ............8,673,578 ........69.025 ............6,039,688 ............8,750,000 ............8,704,999 .......................... ...............7,217 ............................ .......................... ..........4.950 ..........5.062 AO...... .............91,438 ...........433,125 04/05/2004. 04/15/2014.<br />
758940 AG 5 REGIONS FINANCIAL CORP NT....................................................... ....... .. ........... .1FE ..........21,272,620 ........87.909 ..........18,460,890 ..........21,000,000 ..........21,149,357 .......................... ............(39,931) ............................ .......................... ..........6.375 ..........6.134 MN..... ...........171,062 ........1,338,750 09/12/2005. 05/15/2012.<br />
758940 AF 7 REGIONS FINANCIAL CORP SB NTS............................................... ....... .. ........... .1FE ..........17,468,682 ........97.234 ..........16,072,780 ..........16,530,000 ..........16,847,130 .......................... ..........(134,824) ............................ .......................... ..........7.000 ..........6.036 MS..... ...........385,700 ........1,157,100 06/20/2005. 03/01/2011.<br />
758940 AB 6 REGIONS FINANCIAL SB NTS.......................................................... ....... .. ........... .1FE ..........10,998,410 ........82.296 ............9,222,913 ..........11,207,000 ..........11,056,429 .......................... ...............3,224 ............................ .......................... ..........7.750 ..........7.886 MS..... ...........255,738 ...........868,543 04/16/2003. 09/15/2024.<br />
75935@ AC 4 REINALT-THOMAS CORP SR U/S NTS............................................ ....... .. ........... ......2 ............2,857,135 ........89.863 ............2,567,507 ............2,857,135 ............2,857,135 .......................... .......................... ............................ .......................... ..........7.000 ..........7.000 MS..... .............50,555 ...........199,999 03/28/2002. 03/28/2012.<br />
759509 AD 4 RELIANCE STEEL & ALUMINUM CO S............................................ ....... .. ........... .2FE ............7,878,038 ........70.230 ............5,548,170 ............7,900,000 ............7,881,629 .......................... ...............1,759 ............................ .......................... ..........6.200 ..........6.238 MN..... .............62,586 ...........489,800 11/15/2006. 11/15/2016.<br />
75952A AF 4 RELIANT ENERGY MID ATL PWR HLD............................................ ....... .. ........... .3FE ..........21,770,612 ........96.873 ..........21,070,315 ..........21,750,451 ..........21,759,282 .......................... ..............(1,540) ............................ .......................... ..........9.237 ..........9.226 JJ....... ...........998,964 ........2,009,089 06/04/2003. 07/02/2017.<br />
75952B AM 7 RELIANT RESOURCES INC SR SECD............................................. ....... .. .........1 .3FE .................23,528 ........90.000 .................22,500 .................25,000 .................23,872 .......................... ..................144 ............................ .......................... ..........6.750 ..........6.951 JD...... ....................75 ...............1,688 08/03/2005. 12/15/2014.<br />
L7919* AA 0 RELUXCO INTL SA SER A GTD SR N.............................................. ....... F ........... ......1 ............9,000,000 ........97.845 ............8,806,050 ............9,000,000 ............9,000,000 .......................... .......................... ............................ .......................... ..........5.510 ..........5.510 MS..... ...........129,485 ...........495,900 03/27/2007. 03/27/2014.<br />
L7919* AB 8 RELUXCO INTL SA SER B GTD SR N.............................................. ....... F ........... ......1 ..........32,000,000 ........91.535 ..........29,291,200 ..........32,000,000 ..........32,000,000 .......................... .......................... ............................ .......................... ..........5.610 ..........5.610 MS..... ...........468,747 ........1,795,200 03/27/2007. 03/27/2017.<br />
L7919* AC 6 RELUXCO INTL SA SER C GTD SR N.............................................. ....... F ........... ......1 ..........27,000,000 ........87.252 ..........23,558,040 ..........27,000,000 ..........27,000,000 .......................... .......................... ............................ .......................... ..........5.710 ..........5.710 MS..... ...........402,555 ........1,541,700 03/27/2007. 03/27/2019.<br />
760719 AL 8 REPUBLIC NY CORP SUB DEB........................................................ ....... .. ........... .1FE ............4,225,600 ......110.499 ............3,867,465 ............3,500,000 ............3,876,538 .......................... ............(56,967) ............................ .......................... ..........9.500 ..........7.028 AO...... .............70,194 ...........332,500 06/28/2001. 04/15/2014.<br />
76114E AF 9 RESIDENTIAL CAP LLC SR SECD 14............................................... ....... .. .......12 .6FE ............2,406,444 ........29.000 ............6,240,800 ..........21,520,000 ............2,593,161 .......................... ...........186,717 ...........8,179,439 .......................... ..........9.625 ........20.314 MN..... .......................... ...........914,824 06/06/2008. 05/15/2015.<br />
761713 AU 0 REYNOLDS AMERICAN INC SR SEC N........................................... ....... .. ........... .2FE ..........10,343,300 ........79.379 ............7,937,900 ..........10,000,000 ..........10,310,338 .......................... ............(27,093) ............................ .......................... ..........6.750 ..........6.270 JD...... .............30,000 ...........675,000 10/04/2007. 06/15/2017.<br />
Y7286@ AA 9 RIGHT LANE LIMITED SER A GTD S................................................ ....... F ........... ......2 ..........21,000,000 ........92.326 ..........19,388,460 ..........21,000,000 ..........21,000,000 .......................... .......................... ............................ .......................... ..........7.040 ..........7.040 MS..... ...........418,880 ........1,478,400 09/19/2007. 09/19/2012.<br />
767201 AC 0 RIO TINTO FIN USA LTD NT.............................................................. ....... .. ........... .2FE ..........24,463,340 ........73.317 ..........17,962,665 ..........24,500,000 ..........24,465,065 .......................... ...............1,725 ............................ .......................... ..........6.500 ..........6.536 JJ....... ...........813,944 .......................... 07/30/2008. 07/15/2018.<br />
767201 AE 6 RIO TINTO FINANCE USA LTD NT.................................................... ....... .. ........... .2FE ............8,023,850 ........79.651 ............6,395,975 ............8,030,000 ............8,024,128 .......................... ..................279 ............................ .......................... ..........5.875 ..........5.892 JJ....... ...........241,123 .......................... 10/28/2008. 07/15/2013.<br />
G7578# AA 4 RITTON MARITIME(FIRST OMEGA) 2.............................................. ....... F ........... ......2 ..........11,000,000 ........96.167 ..........10,578,370 ..........11,000,000 ..........11,000,000 .......................... .......................... ............................ .......................... ..........5.120 ..........5.120 JD...... .............25,031 ...........563,200 06/15/2005. 06/15/2012.<br />
G7578# AB 2 RITTON MARITIME(FIRST OMEGA) 2.............................................. ....... F ........... ......2 ..........10,000,000 ........92.380 ............9,238,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.410 ..........5.410 JD...... .............24,044 ...........541,000 06/15/2005. 06/15/2015.<br />
749607 AB 3 RLI CORP NT...................................................................................... ....... .. ........... .2FE ............9,849,358 ......104.992 ..........10,325,963 ............9,835,000 ............9,845,081 .......................... ..............(1,693) ............................ .......................... ..........5.950 ..........5.925 JJ....... ...........269,834 ...........585,183 02/03/2005. 01/15/2014.<br />
77216* AA 6 ROCK HILL ASSOCIATES (ASHLAND.............................................. ....... .. ........... ......2 ...............270,882 ........97.047 ...............234,316 ...............241,446 ...............243,703 .......................... ..............(3,791) ............................ .......................... ..........9.700 ..........8.239 MN..... ...............3,903 .............23,420 06/01/1995. 11/01/2009.<br />
772739 AD 0 ROCK-TENN CO NT........................................................................... ....... .. ........... .3FE ..........10,844,680 ........86.000 ..........10,320,000 ..........12,000,000 ..........11,175,731 .......................... ...........160,827 ............................ .......................... ..........5.625 ..........5.519 MS..... ...........198,750 ...........675,000 10/19/2004. 03/15/2013.<br />
773903 AB 5 ROCKWELL INTL CORP SR NTS...................................................... ....... .. ........... .1FE ............6,500,000 ......110.900 ............7,208,500 ............6,500,000 ............6,500,000 .......................... .......................... ............................ .......................... ..........6.700 ..........6.700 JJ....... ...........200,814 ...........435,500 01/21/1998. 01/15/2028.<br />
77531Q AD 0 ROGER WIRELESS INC SEC NTS.................................................... ....... I. .........1 .2FE ............8,074,477 ........95.060 ............7,604,800 ............8,000,000 ............8,056,194 .......................... ..............(8,965) ............................ .......................... ..........6.375 ..........5.790 MS..... ...........170,000 ...........510,000 04/27/2007. 03/01/2014.<br />
77531Q AM 0 ROGER WIRELESS INC SEC NTS.................................................... ....... I. .........1 .2FE ...............100,000 ........99.013 .................99,013 ...............100,000 ...............100,000 .......................... .......................... ............................ .......................... ..........7.500 ..........7.500 MS..... ...............2,208 ...............7,500 11/19/2004. 03/15/2015.<br />
77531Q AB 4 ROGER WIRELESS INC SR NTS...................................................... ....... I. ........... .2FE ............1,022,372 ......104.348 ............1,006,958 ...............965,000 ...............988,915 .......................... ..............(8,704) ............................ .......................... ..........9.625 ..........8.423 MN..... .............15,480 .............90,234 12/08/2008. 05/01/2011.<br />
77531Q AP 3 ROGER WIRELESS INC SR SUB NTS.............................................. ....... I. .........1 .3FE ...............709,375 ........95.750 ...............670,250 ...............700,000 ...............703,706 .......................... ..............(1,717) ............................ .......................... ..........8.000 ..........7.765 JD...... ...............2,489 .............56,000 05/25/2005. 12/15/2012.
E10.66<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
775109 AK 7 ROGERS COMMUNICATIONS INC NT............................................. ....... .. ........... .2FE .................30,128 ......101.043 .................30,313 .................30,000 .................30,125 .......................... .....................(3) ............................ .......................... ..........6.800 ..........6.739 FA...... ..................822 .......................... 08/20/2008. 08/15/2018.<br />
775371 AU 1 ROHM & HAAS CO NT....................................................................... ....... .. ........... .2FE ..........50,161,485 ........98.200 ..........46,154,000 ..........47,000,000 ..........49,908,835 .......................... ............(67,233) ............................ .......................... ..........7.850 ..........7.088 JJ....... ........1,701,269 ........3,689,500 06/28/2006. 07/15/2029.<br />
775371 AV 9 ROHM & HAAS CO NT....................................................................... ....... .. ........... .2FE ............6,964,090 ........91.009 ............6,370,630 ............7,000,000 ............6,967,646 .......................... ...............2,749 ............................ .......................... ..........6.000 ..........6.069 MS..... ...........123,667 ...........425,833 09/05/2007. 09/15/2017.<br />
775371 AW 7 ROHM & HAAS CO NT....................................................................... ....... .. ........... .2FE ............1,271,900 ........96.556 ............1,206,950 ............1,250,000 ............1,269,141 .......................... ..............(2,759) ............................ .......................... ..........5.600 ..........5.189 MS..... .............20,611 .............35,000 04/17/2008. 03/15/2013.<br />
775371 D# 1 ROHM & HASS CO SR NT................................................................. ....... O ........... ......2 ..........28,289,343 ........86.860 ..........24,148,237 ..........27,801,332 ..........28,289,343 .......................... .....................(1) ............................ .......(1,119,827) ..........4.500 ..........4.500 MS..... ...........396,051 ........1,330,320 05/01/2008. 03/09/2014.<br />
EUR COST = 20,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 20,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
777774 AE 0 ROSETON DANSKAMMER 2001-A PSTH........................................ ....... .. ........... .4FE ............4,919,415 ........95.500 ............4,537,434 ............4,751,240 ............4,746,038 .......................... ...............6,727 ............................ .......................... ..........7.270 ..........6.783 MN..... .............50,853 ...........345,415 06/12/2001. 11/08/2010.<br />
B7108# AA 8 ROULARTA MEDIA GROUP NV SR NT............................................ ....... F ........... ......2 ..........16,000,000 ........94.667 ..........15,146,720 ..........16,000,000 ..........16,000,000 .......................... .......................... ............................ .......................... ..........6.180 ..........6.180 AO...... ...........178,533 ...........988,800 04/26/2006. 04/26/2014.<br />
779382 AH 3 ROWAN COS INC US GOVT GTD SHIP........................................... ....... .. ........... ......1 ...............714,276 ........98.405 ...............702,883 ...............714,276 ...............714,276 .......................... .......................... ............................ .......................... ..........2.800 ..........2.800 AO...... ...............3,944 .............20,000 06/24/2003. 10/20/2013.<br />
780097 AP 6 ROYAL BANK OF SCOTLAND GRP PLC.......................................... ....... .. ........... .1FE ............8,997,390 ........84.881 ............7,639,290 ............9,000,000 ............8,998,640 .......................... ..................189 ............................ .......................... ..........5.050 ..........5.054 JJ....... ...........218,413 ...........454,500 12/01/2004. 01/08/2015.<br />
780097 AL 5 ROYAL BANK SCOTLAND GROUP PLC.......................................... ....... .. ........... .1FE ............1,471,080 ........85.718 ............1,285,770 ............1,500,000 ............1,483,812 .......................... ...............2,356 ............................ .......................... ..........5.000 ..........5.219 AO...... .............18,750 .............75,000 11/01/2002. 10/01/2014.<br />
780153 AG 7 ROYAL CARIBBEAN CRUISES LTD DB........................................... ....... .. ........... .3FE ..........18,720,234 ........45.000 ............9,000,000 ..........20,000,000 ..........18,832,696 .......................... .............23,983 ............................ .......................... ..........7.500 ..........8.100 AO...... ...........316,667 ........1,500,000 07/14/2003. 10/15/2027.<br />
780153 AJ 1 ROYAL CARIBBEAN CRUISES LTD DB........................................... ....... .. ........... .3FE ...............352,500 ........51.000 ...............204,000 ...............400,000 ...............363,947 .......................... ...............2,473 ............................ .......................... ..........7.250 ..........8.690 MS..... ...............8,539 .............29,000 05/30/2003. 03/15/2018.<br />
K7802# AH 2 ROYAL GREENLAND A/S SER A SR N............................................ ....... F ........... ......1 ..........17,000,000 ........99.813 ..........16,968,210 ..........17,000,000 ..........17,000,000 .......................... .......................... ............................ .......................... ..........5.690 ..........5.690 AO...... ...........241,825 ...........967,300 10/01/2003. 10/01/2013.<br />
780641 AG 1 ROYAL KPN NV SR NT...................................................................... ....... .. ........... .2FE ..........39,346,451 ......100.920 ..........39,626,238 ..........39,265,000 ..........39,299,783 .......................... ............(22,834) ............................ .......................... ..........8.000 ..........7.936 AO...... ...........785,300 ........3,141,200 04/01/2003. 10/01/2010.<br />
74966* AC 1 RPC INC SR U/S NTS......................................................................... ....... .. ........... ......2 ............7,000,000 ........97.383 ............6,816,810 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.630 ..........5.630 MN..... .............50,357 ...........394,100 11/20/2002. 11/15/2012.<br />
000000 00 0 RSC HLDGS INC II/III/RENTAL SE.................................................... ....... .. .......23 .4FE ............2,527,847 ........82.500 ............2,062,500 ............2,500,000 ............2,521,135 .......................... ..............(4,934) ............................ .......................... ..........5.250 ..........8.848 MON.. .............28,557 ...........192,239 07/02/2007. 11/30/2012.<br />
74973D AA 7 RSHB CAP SA 144A LN PARTN NT.................................................. ....... .. ........... .2FE ..........11,953,200 ........72.500 ............8,482,500 ..........11,700,000 ..........11,876,389 .......................... ............(33,574) ............................ .......................... ..........7.175 ..........6.768 MN..... ...........104,934 ...........839,475 08/03/2006. 05/16/2013.<br />
74973D AB 5 RSHB CAP SA 144A LN PARTN NT.................................................. ....... .. ........... .2FE ..........25,000,000 ........57.000 ..........14,250,000 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........6.299 ..........6.299 MN..... ...........201,218 ........1,574,750 05/10/2007. 05/15/2017.<br />
78355H JH 3 RYDER SYSTEM INC MTN................................................................ ....... .. ........... .2FE ..........12,435,295 ........81.275 ..........10,159,375 ..........12,500,000 ..........12,465,176 .......................... ...............8,992 ............................ .......................... ..........5.000 ..........5.089 JD...... .............27,778 ...........625,000 06/14/2005. 06/15/2012.<br />
78375P AJ 6 RYERSON INC SR 144A NT.............................................................. ....... .. .........1 .5FE ............2,844,375 ........61.750 ............1,698,125 ............2,750,000 ............2,830,169 .......................... ............(11,990) ............................ .......................... ........12.000 ........11.335 MN..... .............55,000 ...........341,000 10/05/2007. 11/01/2015.<br />
783764 AL 7 RYLAND GROUP INC SR NT............................................................. ....... .. ........... .3FE ............6,490,900 ........73.000 ............4,745,000 ............6,500,000 ............6,495,204 .......................... ...............1,266 ............................ .......................... ..........5.375 ..........5.399 MN..... .............44,642 ...........349,375 05/02/2005. 05/15/2012.<br />
000000 00 0 S&F STORES MERGER SUB LLC 1ST............................................. ....... .. .......23 .4FE ............1,969,849 ........70.000 ............1,378,894 ............1,969,849 ............1,969,849 .......................... .......................... ............................ .......................... ..........5.606 ..........8.360 MON.. ...............9,354 ...........134,227 05/31/2007. 12/31/2014.<br />
78572M AD 7 SABMILLER PLC NT 144A................................................................. ....... .. ........... .2FE ............6,182,700 ........92.760 ............5,565,600 ............6,000,000 ............6,147,884 .......................... ............(15,150) ............................ .......................... ..........6.500 ..........6.085 JJ....... ...........195,000 ...........390,000 08/03/2006. 07/01/2016.<br />
78572M AC 9 SABMILLER PLC 144A NT................................................................. ....... .. ........... .2FE ............9,168,840 ........99.049 ............8,914,410 ............9,000,000 ............9,092,816 .......................... ............(33,555) ............................ .......................... ..........6.200 ..........5.750 JJ....... ...........279,000 ...........558,000 08/18/2006. 07/01/2011.<br />
786514 BC 2 SAFEWAY INC NT.............................................................................. ....... .. ........... .2FE .................26,290 ......100.294 .................25,074 .................25,000 .................25,990 .......................... .................(299) ............................ .......................... ..........6.500 ..........4.559 MS..... ..................542 ..................813 04/15/2008. 03/01/2011.<br />
786514 AS 8 SAFEWAY STORES INC DEB........................................................... ....... .. ........... .2FE ............5,183,150 ......100.184 ............5,009,200 ............5,000,000 ............5,171,136 .......................... ..............(4,282) ............................ .......................... ..........7.450 ..........7.116 MS..... ...........109,681 ...........372,500 12/12/2005. 09/15/2027.<br />
786609 AC 1 SAGA PETROLEUM ASA DB............................................................. ....... .. ........... .1FE ...............264,963 ......110.611 ...............276,528 ...............250,000 ...............263,138 .......................... .................(342) ............................ .......................... ..........7.250 ..........6.751 MS..... ...............4,934 .............18,125 08/29/2002. 09/23/2027.<br />
795549 AA 2 SALT CREEK PTC 144A W/O RR SER.............................................. ....... .. ........... ......1 ..........15,000,000 ......103.484 ..........15,522,600 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........5.672 ..........5.672 JD...... .............37,813 ...........850,800 06/18/2004. 12/15/2014.<br />
795770 AN 6 SALTON SEA FUNDING CORP SR SEC.......................................... ....... .. ........... .2FE ............9,470,559 ........96.162 ............9,345,021 ............9,717,998 ............9,694,981 .......................... ...............3,006 ............................ .......................... ..........7.475 ..........7.403 MN..... .............62,553 ...........726,420 10/06/1998. 11/30/2018.<br />
798737 AA 0 SAN MANUEL ENTERTAINMENT SR SE......................................... ....... .. .........1 ......2 ..........15,958,750 ........90.848 ..........14,535,680 ..........16,000,000 ..........15,973,257 .......................... ...............5,547 ............................ .......................... ..........5.690 ..........5.736 JD...... .............75,867 ...........910,400 03/27/2006. 12/01/2015.<br />
W7468# AB 7 SANDVIK SR NTS............................................................................... ....... F ........... ......1 ..........25,000,000 ........84.931 ..........21,232,750 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........5.130 ..........5.130 AO...... ...........302,813 ........1,276,800 10/06/2005. 10/06/2020.<br />
80102# AA 3 SANIMAX GP (SANIMAL) GTD SR NT.............................................. ....... .. ........... ......2 ..........13,000,000 ........91.529 ..........11,898,770 ..........13,000,000 ..........13,000,000 .......................... .......................... ............................ .......................... ..........5.100 ..........5.100 JD...... ...............3,683 ...........663,000 06/29/2005. 06/29/2012.<br />
800907 AJ 6 SANMINA-SCI CORP SR SUB NTS................................................... LS... .. .........1 .4FE ............1,535,425 ........43.000 ...............677,250 ............1,575,000 ............1,548,989 .......................... ...............4,919 ............................ .......................... ..........6.750 ..........7.205 MS..... .............35,438 ...........106,313 03/13/2006. 03/01/2013.<br />
Q8277* AE 1 SANTOS FINANCE LTD SER A SR NT............................................. ....... F ........... ......2 ............5,000,000 ........98.910 ............4,945,500 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.280 ..........5.280 AO...... .............64,533 ...........396,000 10/03/2002. 10/03/2009.<br />
Q8277* AF 8 SANTOS FINANCE LTD SER B SR NT............................................. ....... F ........... ......2 ..........13,007,020 ........94.575 ..........12,294,750 ..........13,000,000 ..........13,005,338 .......................... ..............(1,236) ............................ .......................... ..........5.850 ..........5.836 AO...... ...........185,900 ........1,023,750 07/18/2007. 10/03/2012.<br />
803070 AB 7 SAPPI PAPIER HOLDING AG 144A B............................................... ....... F ........... .3FE ..........13,507,073 ........66.663 ..........10,666,080 ..........16,000,000 ..........13,547,092 .......................... .............29,560 ............................ .......................... ..........7.500 ..........7.526 JD...... .............53,333 ........1,200,000 10/24/2006. 06/15/2032.<br />
803070 AA 9 SAPPI PAPIER HOLDING AG 144A N............................................... ....... F ........... .3FE ............6,198,682 ........74.654 ............4,792,787 ............6,420,000 ............6,229,554 .......................... .............46,366 ............................ .......................... ..........6.750 ..........6.333 JD...... .............19,260 ...........433,350 09/04/2002. 06/15/2012.<br />
78388Q AB 6 SAPTS BLS SER 97-1 144A PSTHR.................................................. ....... .. 1 3...... ....1Z ............5,743,200 ........33.290 ............6,658,000 ..........20,000,000 ..........11,379,228 .......................... ...........727,022 ............................ .......................... ................... ..........6.542 NONE .......................... .......................... 02/24/1998. 07/15/2097.<br />
803111 AK 9 SARA LEE CORP NT.......................................................................... ....... .. ........... .2FE ............4,463,324 ........98.994 ............4,395,334 ............4,440,000 ............4,447,952 .......................... ..............(2,631) ............................ .......................... ..........6.250 ..........6.176 MS..... .............81,708 ...........277,500 12/19/2001. 09/15/2011.<br />
803111 AM 5 SARA LEE CORP NT.......................................................................... ....... .. ........... .2FE ..........11,497,790 ........82.168 ............9,449,320 ..........11,500,000 ..........11,497,973 .......................... ....................35 ............................ .......................... ..........6.125 ..........6.126 MN..... ...........117,396 ...........704,375 10/28/2002. 11/01/2032.<br />
80413@ AA 9 SAUER-DANFOSS (US) SR NTS....................................................... ....... .. ........... ......2 ............5,142,857 ........99.014 ............5,092,149 ............5,142,857 ............5,142,857 .......................... .......................... ............................ .......................... ..........8.070 ..........8.070 MS..... ...........104,910 ...........415,029 08/16/2000. 09/30/2010.<br />
78387G AH 6 SBC COMMUNICATIONS INC GLBL NT........................................... ....... .. ........... .1FE ..........11,522,040 ......101.896 ..........12,227,520 ..........12,000,000 ..........11,815,638 .......................... .............52,417 ............................ .......................... ..........5.875 ..........6.430 FA...... ...........293,750 ...........705,000 05/01/2002. 02/01/2012.<br />
78387G AL 7 SBC COMMUNICATIONS INC GLBL NT........................................... ....... .. ........... .1FE ............8,135,920 ......100.448 ............8,035,840 ............8,000,000 ............8,098,927 .......................... ............(10,510) ............................ .......................... ..........5.625 ..........5.420 JD...... .............20,000 ...........450,000 03/14/2005. 06/15/2016.<br />
78387G AP 8 SBC COMMUNICATIONS INC GLBL NT........................................... ....... .. ........... .1FE ..........13,984,740 ........98.299 ..........13,761,860 ..........14,000,000 ..........13,990,261 .......................... ...............1,435 ............................ .......................... ..........5.100 ..........5.115 MS..... ...........210,233 ...........714,000 10/27/2004. 09/15/2014.<br />
78387G AD 5 SBC COMMUNICATIONS INC GLOBAL............................................ LS... .. ........... .1FE ..........24,024,978 ......102.249 ..........23,721,768 ..........23,200,000 ..........23,507,781 .......................... ..........(129,818) ............................ .......................... ..........6.250 ..........5.596 MS..... ...........426,944 ........1,450,000 04/06/2005. 03/15/2011.<br />
78387G AK 9 SBC COMMUNICATIONS INC GLOBAL............................................ ....... .. .........1 .1FE ............6,816,120 ......102.034 ............6,122,040 ............6,000,000 ............6,360,592 .......................... ............(90,539) ............................ .......................... ..........5.875 ..........4.075 FA...... ...........133,167 ...........352,500 06/26/2003. 08/15/2012.<br />
78387G AN 3 SBC COMMUNICATIONS INC GLOBAL............................................ ....... .. ........... .1FE ..........14,996,700 ......100.410 ..........15,061,500 ..........15,000,000 ..........14,999,383 .......................... ..................842 ............................ .......................... ..........4.125 ..........4.131 MS..... ...........182,188 ...........618,750 10/28/2004. 09/15/2009.<br />
78401S AA 7 SCA COORDINATION CENTER NT.................................................. ....... .. ........... .2FE ..........57,941,806 ........69.628 ..........41,700,209 ..........59,890,000 ..........58,581,449 .......................... ...........163,259 ............................ .......................... ..........4.500 ..........4.890 JJ....... ........1,242,718 ........2,695,050 08/05/2005. 07/15/2015.<br />
806605 AE 1 SCHERING PLOUGH CORP BD........................................................ ....... .. .........3 .2FE ..........15,269,470 ......100.731 ..........15,361,478 ..........15,250,000 ..........15,268,955 .......................... ..............(1,879) ............................ .......................... ..........5.550 ..........5.291 JD...... .............70,531 ...........846,375 05/22/2008. 12/01/2013.<br />
806605 AG 6 SCHERING PLOUGH CORP BD........................................................ ....... .. .........3 .2FE ..........30,318,700 ......104.488 ..........31,346,400 ..........30,000,000 ..........30,298,410 .......................... ..............(4,838) ............................ .......................... ..........6.750 ..........6.419 JD...... ...........168,750 ........2,025,000 01/06/2004. 12/01/2033.<br />
806860 AA 0 SCHLUMBERGER TECHNOLOGY CORP 1..................................... ....... .. ........... .1FE ..........98,797,331 ......112.653 ........107,983,533 ..........95,855,000 ..........97,047,795 .......................... ..........(323,113) ............................ .......................... ..........6.500 ..........6.073 AO...... ........1,315,344 ........6,230,575 09/22/2003. 04/15/2012.<br />
808626 AE 5 SCIENCE APPLICATION INTL INC.................................................... ....... .. ........... .1FE ..........11,420,639 ........92.077 ..........10,202,132 ..........11,080,000 ..........11,389,037 .......................... ..............(6,518) ............................ .......................... ..........7.125 ..........6.872 JJ....... ...........394,725 ...........789,450 06/05/2003. 07/01/2032.
E10.67<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
808626 AC 9 SCIENCE APPLICATION INTL INC N................................................ ....... .. ........... .1FE ..........18,877,423 ......102.510 ..........18,964,350 ..........18,500,000 ..........18,662,378 .......................... ............(40,909) ............................ .......................... ..........6.250 ..........5.967 JJ....... ...........578,125 ........1,156,250 12/04/2002. 07/01/2012.<br />
784010 AA 8 SCL TERMINAL AEREO SANTIAGO SR........................................... ....... .. ........... .2FE ............9,737,357 ......108.818 ..........10,342,308 ............9,504,226 ............9,502,575 .......................... ..................738 ............................ .......................... ..........6.950 ..........6.963 JJ....... ...........330,272 ...........660,543 12/17/1998. 07/01/2012.<br />
80932R AB 1 SCOTLAND INT FINANCE SER 144A............................................... ....... .. ........... .1FE ..........20,083,300 ......111.456 ..........22,291,200 ..........20,000,000 ..........20,017,030 .......................... ..............(7,446) ............................ .......................... ..........6.500 ..........6.455 FA...... ...........491,111 ........1,300,000 03/03/1999. 02/15/2011.<br />
809326 AC 5 SCOTLAND INTL FIN NO.2 144A SB................................................. ....... F ........... .1FE ..........25,337,363 ......100.131 ..........23,630,916 ..........23,600,000 ..........23,996,786 .......................... ..........(224,186) ............................ .......................... ..........7.700 ..........6.591 FA...... ...........686,498 ........1,817,200 03/06/2001. 08/15/2010.<br />
G7895# AA 0 SCOTTISH & NEWCASTLE PLC SER A........................................... ....... F ........... ......1 ..........29,000,000 ......100.637 ..........29,184,730 ..........29,000,000 ..........29,000,000 .......................... .......................... ............................ .......................... ..........4.830 ..........4.830 JD...... ...........101,162 ........1,400,700 12/05/2002. 12/05/2009.<br />
G7895# AC 6 SCOTTISH & NEWCASTLE PLC SER C........................................... ....... F ........... ......1 ..........32,652,680 ......101.131 ..........33,373,230 ..........33,000,000 ..........32,669,335 .......................... .............16,655 ............................ .......................... ..........5.570 ..........5.738 JD...... ...........132,752 ........1,336,800 06/30/2008. 12/05/2014.<br />
811410 AK 5 SEA LAND SVC (CSX) SEC BDS SER.............................................. ....... .. ........... .2FE ............1,006,951 ......100.207 ............1,009,036 ............1,006,951 ............1,006,951 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 JJ....... .............33,045 .............66,459 02/11/1998. 01/02/2011.<br />
811410 AL 3 SEA LAND SVC (CSX) SEC BDS SER.............................................. ....... .. ........... .2FE ............1,006,951 ......100.207 ............1,009,036 ............1,006,951 ............1,006,951 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 JJ....... .............33,045 .............66,459 02/11/1998. 01/02/2011.<br />
811410 AM 1 SEA LAND SVC (CSX) SEC BDS SER.............................................. ....... .. ........... .2FE ............1,006,951 ......100.207 ............1,009,036 ............1,006,951 ............1,006,951 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 JJ....... .............33,045 .............66,459 02/11/1998. 01/02/2011.<br />
811543 A@ 6 SEABOARD CORP SR NTS SER A................................................... ....... .. ........... ......2 ............3,000,000 ......100.281 ............3,008,430 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.800 ..........5.800 MS..... .............43,983 ...........173,517 10/08/2002. 09/30/2009.<br />
811904 AG 6 SEACOR HLDGS INC SR NT............................................................. ....... .. ........... .2FE ..........23,549,693 ........89.536 ..........21,220,032 ..........23,700,000 ..........23,674,093 .......................... ...............5,970 ............................ .......................... ..........5.875 ..........5.963 AO...... ...........348,094 ........1,392,375 11/23/2004. 10/01/2012.<br />
81170R AC 8 SEACOR SMIT INC SR NT................................................................. ....... .. ........... .2FE ............4,269,590 ......100.874 ............4,034,960 ............4,000,000 ............4,031,375 .......................... ............(42,098) ............................ .......................... ..........7.200 ..........5.154 MS..... .............84,800 ...........288,000 11/17/2004. 09/15/2009.<br />
81211K AK 6 SEALED AIR CORP SR 144A NT....................................................... ....... .. ........... .2FE ..........10,099,800 ........66.530 ............6,653,000 ..........10,000,000 ..........10,096,974 .......................... ..............(1,509) ............................ .......................... ..........6.875 ..........6.793 JJ....... ...........317,014 ...........687,500 01/22/2007. 07/15/2033.<br />
81211K AA 8 SEALED AIR INC SR NTS 144A W/O................................................ LS... .. .........1 .2FE ..........23,641,355 ......100.602 ..........24,898,995 ..........24,750,000 ..........24,684,630 .......................... ...........164,555 ............................ .......................... ..........6.950 ..........7.680 MN..... ...........219,794 ........1,720,125 03/19/2001. 05/15/2009.<br />
812141 AN 9 SEALY MATTRESS CO SR SUB NTS............................................... LS... .. .........1 .4FE ............3,526,250 ........59.000 ............2,065,000 ............3,500,000 ............3,514,779 .......................... ..............(3,569) ............................ .......................... ..........8.250 ..........8.131 JD...... .............12,833 ...........288,750 06/09/2005. 06/15/2014.<br />
81371# AA 5 SECURED LEASE FIN CORP (CIRCUI............................................. ....... .. ........... ......6 ............1,115,271 ................... ............................. ............1,115,271 ............................. .......(1,115,271) .......................... ............................ .......................... ..........6.750 ..........6.750 MON.. .......................... .............62,734 12/01/1993. 09/15/2013.<br />
814138 AA 1 SECURITY CAP INDUSTRIAL TR NT................................................ ....... .. .........2 .2FE ...............282,579 ........83.237 ...............234,104 ...............281,250 ...............281,250 .......................... .......................... ............................ .......................... ..........8.720 ..........8.658 MS..... ...............8,175 .............24,525 03/02/1995. 03/01/2009.<br />
81413P AG 0 SECURITY CAPITAL GROUP INC BD............................................... ....... .. ........... .1FE ..........17,880,530 ......107.814 ..........18,031,892 ..........16,725,000 ..........17,751,590 .......................... ............(23,929) ............................ .......................... ..........7.700 ..........7.112 JD...... .............57,237 ........1,287,825 07/08/2002. 06/15/2028.<br />
81413W AA 8 SECURITY CAPITAL INDUSTRIAL MT.............................................. ....... .. ........... .2FE ............9,488,480 ........63.078 ............5,992,410 ............9,500,000 ............9,496,194 .......................... ..................965 ............................ .......................... ..........7.810 ..........6.179 FA...... ...........309,146 ...........741,950 05/02/1997. 02/01/2015.<br />
814138 AF 0 SECURITY CAPITAL INDUSTRIAL TR.............................................. ....... .. ........... .2FE ...............268,467 ........62.903 ...............155,292 ...............246,875 ...............246,809 .......................... ..................154 ............................ .......................... ..........7.875 ..........7.921 MN..... ...............2,484 .............19,441 06/22/1999. 05/15/2009.<br />
816300 AG 2 SELECTIVE INSURANCE GROUP INC............................................. ....... .. ........... .2FE ............2,509,097 ......117.820 ............3,151,685 ............2,675,000 ............2,513,831 .......................... ...............1,936 ............................ .......................... ..........6.700 ..........7.208 MN..... .............29,871 ...........179,225 05/25/2006. 11/01/2035.<br />
816752 AA 7 SEMINOLE HARD ROCK ENTMT INC/L............................................ ....... .. 1 3...... .4FE ............5,000,000 ........50.750 ............2,537,500 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.276 ..........2.500 MJSD. .............11,725 ...........288,575 02/27/2007. 03/15/2014.<br />
81683R B* 4 SEMINOLE INDIAN TRIBE OF FLORI............................................... ....... .. .......23 .2FE .................22,627 ........83.500 .................18,894 .................22,627 .................22,627 .......................... .......................... ............................ .......................... ..........4.250 ..........6.840 MON.. ....................81 ...............1,253 03/06/2007. 03/05/2014.<br />
81683R B# 0 SEMINOLE INDIAN TRIBE OF FLORI............................................... ....... .. .......23 .2FE .................72,383 ........83.500 .................60,440 .................72,383 .................72,383 .......................... .......................... ............................ .......................... ..........6.840 ..........6.840 MON.. ..................326 ...............4,657 03/06/2007. 03/05/2014.<br />
81683R B@ 2 SEMINOLE INDIAN TRIBE OF FLORI............................................... ....... .. .......23 .2FE .................81,486 ........83.500 .................68,041 .................81,486 .................81,486 .......................... .......................... ............................ .......................... ..........4.187 ..........6.840 MON.. ..................289 ...............4,547 03/06/2007. 03/05/2014.<br />
81683R AJ 3 SEMINOLE TRIBE FL 2007B TXBL O................................................ ....... .. .........1 .2FE ..........35,596,730 ........81.950 ..........29,092,250 ..........35,500,000 ..........35,581,765 .......................... ............(12,033) ............................ .......................... ..........7.804 ..........7.788 AO...... ...........692,605 ........2,793,507 09/26/2007. 10/01/2020.<br />
81683R AN 4 SEMINOLE TRIBE OF FL SER 2008A............................................... ....... .. ........... .2FE ..........10,000,000 ........82.899 ............8,289,900 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........8.030 ..........8.030 AO...... ...........200,750 ...........490,722 02/15/2008. 10/01/2020.<br />
816851 AG 4 SEMPRA ENERGY NT....................................................................... ....... .. ........... .2FE ............2,529,150 ........98.758 ............2,468,950 ............2,500,000 ............2,502,481 .......................... ..............(6,419) ............................ .......................... ..........4.750 ..........4.479 MN..... .............15,174 ...........118,750 07/01/2004. 05/15/2009.<br />
81725T C* 9 SENSIENT TECHNOLOGIES CORP SER......................................... ....... .. ........... ......3 ..........11,000,000 ........95.610 ..........10,517,100 ..........11,000,000 ..........11,000,000 .......................... .......................... ............................ .......................... ..........7.310 ..........7.310 MN..... .............73,709 ...........804,100 11/28/2006. 11/28/2013.<br />
817565 J@ 4 SERVICE CORPORATION INTL SER B............................................ ....... .. .........3 ......2 ..........16,970,000 ........94.309 ..........16,032,530 ..........17,000,000 ..........16,974,369 .......................... ...............2,073 ............................ .......................... ..........4.640 ..........7.418 FMAN. .............74,498 ...........933,593 07/30/2007. 11/28/2011.<br />
822582 AD 4 SHELL INTL FIN BV GTD NT............................................................. ....... .. ........... .1FE .................20,156 ......112.499 .................22,500 .................20,000 .................20,156 .......................... .......................... ............................ .......................... ..........6.375 ..........6.316 JD...... ....................71 .......................... 12/16/2008. 12/15/2038.<br />
826200 AD 9 SIEMENS FINANCIERINGSMAATSCHAP........................................ ....... .. ........... .1FE ..........50,393,500 ........97.245 ..........49,108,725 ..........50,500,000 ..........50,398,781 .......................... ...............3,116 ............................ .......................... ..........6.125 ..........6.144 FA...... ........1,151,330 ........3,093,125 09/12/2007. 08/17/2026.<br />
827065 AA 1 SILICON VALLEY BANK SR NT......................................................... LS... .. ........... .2FE ............8,536,495 ........86.811 ............7,422,341 ............8,550,000 ............8,540,728 .......................... ...............2,319 ............................ .......................... ..........5.700 ..........5.788 JD...... .............40,613 ...........487,350 09/24/2007. 06/01/2012.<br />
828783 AT 7 SIMON DEBARTOLO GROUP LP 144A............................................ ....... .. ........... .1FE ............2,482,775 ........72.126 ............1,803,150 ............2,500,000 ............2,488,805 .......................... ..................792 ............................ .......................... ..........7.375 ..........7.442 JD...... ...............8,194 ...........184,375 06/16/1998. 06/15/2018.<br />
828807 BV 8 SIMON PROPERTY GROUP LP NT.................................................. ....... .. ........... .1FE ..........21,904,520 ........66.781 ..........14,691,820 ..........22,000,000 ..........21,920,995 .......................... ...............7,329 ............................ .......................... ..........5.875 ..........5.931 MS..... ...........430,833 ........1,292,500 08/22/2006. 03/01/2017.<br />
Q8505# AA 9 SIMPLOT AUSTRALIA PTY LIMITED................................................ ....... F ........... ......2 ..........12,000,000 ......100.400 ..........12,048,000 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........7.530 ..........7.530 AO...... ...........220,880 ...........903,600 04/03/2002. 04/03/2009.<br />
82929R AC 0 SINGAPORE TELECOMMUNICATIONS L........................................ ....... .. ........... .1FE ............3,449,804 ......112.578 ............3,951,488 ............3,510,000 ............3,454,598 .......................... ..................890 ............................ .......................... ..........7.375 ..........7.520 JD...... .............21,572 ...........258,863 06/07/2002. 12/01/2031.<br />
829809 AF 9 SITHE/INDEPENDENCE FNDG SER A............................................. ....... .. ........... .3FE ..........23,615,038 ........84.964 ..........19,557,562 ..........23,018,645 ..........23,133,996 .......................... ............(39,852) ............................ .......................... ..........9.000 ..........8.792 JD...... ...............5,755 ........3,169,337 06/19/2003. 12/30/2013.<br />
78440P AC 2 SK TELECOM LTD 144A NT.............................................................. LS... .. ........... .1FE ............4,477,484 ........83.241 ............3,662,604 ............4,400,000 ............4,474,935 .......................... ..............(2,047) ............................ .......................... ..........6.625 ..........6.465 JJ....... ...........130,365 ...........291,500 09/25/2007. 07/20/2027.<br />
78443* AA 9 SLBP HLDGS CORP SER A SR NT................................................... ....... .. ........... ......2 ..........10,000,000 ........96.513 ............9,651,300 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.800 ..........5.800 JD...... ...............1,611 ...........870,000 06/29/2006. 06/30/2012.<br />
78443* AB 7 SLBP HLDGS CORP SER B SR NT................................................... ....... .. ........... ......2 ..........16,000,000 ........93.217 ..........14,914,720 ..........16,000,000 ..........16,000,000 .......................... .......................... ............................ .......................... ..........5.900 ..........5.900 JD...... ...............2,622 ........1,416,000 06/29/2006. 06/30/2014.<br />
78443* AC 5 SLBP HLDGS CORP SER C SR NT................................................... ....... .. ........... ......2 ............5,000,000 ........90.016 ............4,500,800 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 JD...... ..................833 ...........450,000 06/29/2006. 06/30/2016.<br />
78442F AB 4 SLM CORP MTN................................................................................. ....... .. ........... .2FE ..........18,863,079 ........74.836 ..........14,218,840 ..........19,000,000 ..........18,938,542 .......................... .............14,873 ............................ .......................... ..........5.125 ..........5.223 FA...... ...........335,403 ...........973,750 11/01/2006. 08/27/2012.<br />
78442F AE 8 SLM CORP MTN................................................................................. ....... .. ........... .2FE ............7,957,200 ........66.549 ............5,323,920 ............8,000,000 ............7,975,864 .......................... ...............3,444 ............................ .......................... ..........5.050 ..........5.110 MN..... .............52,744 ...........404,000 10/31/2002. 11/14/2014.<br />
78442F AG 3 SLM CORP MTN................................................................................. LS... .. ........... .2FE ..........10,992,190 ........73.313 ............8,064,430 ..........11,000,000 ..........10,996,368 .......................... ..................785 ............................ .......................... ..........5.375 ..........5.383 JJ....... ...........272,632 ...........591,250 12/03/2002. 01/15/2013.<br />
78442F BG 2 SLM CORP MTN................................................................................. ....... .. ........... .2FE ..........17,865,540 ........71.552 ..........12,879,360 ..........18,000,000 ..........17,927,774 .......................... .............13,119 ............................ .......................... ..........5.000 ..........5.096 AO...... ...........225,000 ...........900,000 09/17/2003. 10/01/2013.<br />
832110 AG 5 SMITH INTL INC SR NT...................................................................... ....... .. ........... .2FE ..........26,918,422 ......100.676 ..........25,169,000 ..........25,000,000 ..........25,623,613 .......................... ..........(271,095) ............................ .......................... ..........6.750 ..........5.486 FA...... ...........637,500 ........1,687,500 08/28/2003. 02/15/2011.<br />
832110 AJ 9 SMITH INTL INC SR NT...................................................................... ....... .. ........... .2FE ..........11,986,560 ........94.048 ..........11,285,760 ..........12,000,000 ..........11,989,262 .......................... ...............1,112 ............................ .......................... ..........6.000 ..........6.015 JD...... .............32,000 ...........720,000 06/12/2006. 06/15/2016.<br />
832389 AB 6 SMITHS FOOD & DRUG PTC TR 94A2............................................. ....... .. ........... .2FE ............3,705,169 ......104.632 ............3,876,793 ............3,705,169 ............3,705,169 .......................... .......................... ............................ .......................... ..........8.640 ..........8.640 JJ....... ...........159,174 ...........320,127 04/30/2001. 07/02/2012.<br />
83239* AA 7 SMITHS GROUP PP INC GTD SR NT............................................... ....... .. ........... ......2 ..........37,464,500 ........93.206 ..........34,952,250 ..........37,500,000 ..........37,471,068 .......................... ...............6,153 ............................ .......................... ..........5.450 ..........5.471 JJ....... ...........868,594 ........2,043,750 10/26/2007. 01/28/2013.<br />
832724 AB 4 SMURFIT CAPITAL FUNDING PLC DE............................................. ....... .. ........... .3FE ............7,501,000 ........59.000 ............4,720,000 ............8,000,000 ............7,538,568 .......................... .............12,418 ............................ .......................... ..........7.500 ..........8.132 MN..... .............68,333 ...........600,000 03/02/2006. 11/20/2025.<br />
833034 AE 1 SNAP ON INC BD............................................................................... ....... .. ........... .1FE ............2,124,341 ......108.991 ............2,316,059 ............2,125,000 ............2,124,444 .......................... ....................54 ............................ .......................... ..........5.500 ..........5.504 JJ....... .............53,892 ...........116,875 01/09/2007. 01/15/2017.<br />
D7625# AA 0 SOLARWORLD AG SER A SR NT.................................................... ....... F ........... ......2 ..........20,000,000 ........90.005 ..........18,001,000 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........5.890 ..........5.890 JD...... .............32,722 ........1,472,500 01/04/2007. 12/21/2013.
E10.68<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
D7625# AC 6 SOLARWORLD AG SER C SR NT.................................................... ....... F ........... ......2 ............5,000,000 ........89.293 ............4,464,650 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.120 ..........6.120 JD...... ...............8,500 ...........459,000 01/04/2007. 12/21/2018.<br />
835495 AH 5 SONOCO PRODUCTS CO NTS......................................................... ....... .. .........1 .2FE ..........24,369,600 ........80.705 ..........19,369,200 ..........24,000,000 ..........24,258,112 .......................... ............(27,820) ............................ .......................... ..........5.625 ..........5.446 JD...... .............60,000 ........1,350,000 08/10/2004. 06/15/2016.<br />
835495 AF 9 SONOCO PRODUCTS NT.................................................................. ....... .. ........... .2FE ..........12,611,500 ........93.904 ..........11,738,000 ..........12,500,000 ..........12,557,659 .......................... ..............(9,923) ............................ .......................... ..........6.500 ..........6.387 MN..... ...........103,819 ...........812,500 06/10/2002. 11/15/2013.<br />
83787# AA 9 SOUTH FT MEADE PRTNRSHP SR SEC......................................... ....... .. ........... ......1 ............5,032,368 ......102.521 ............5,159,234 ............5,032,368 ............5,032,368 .......................... .......................... ............................ .......................... ..........6.920 ..........6.920 JAJO.. .............63,844 ...........348,240 12/15/1995. 12/13/2010.<br />
842434 CA 8 SOUTHERN CALIFORNIA GAS CO FMB.......................................... ....... .. .........1 .1FE ............7,713,795 ......101.368 ............7,805,336 ............7,700,000 ............7,722,983 .......................... ..............(4,902) ............................ .......................... ..........4.800 ..........4.711 AO...... .............92,400 ...........369,600 01/23/2008. 10/01/2012.<br />
842634 AG 2 SOUTHERN CO CAP FNDG INC GTD S........................................... ....... .. .........1 .1FE ..........10,000,000 ......102.007 ..........10,200,700 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 MN..... .............73,472 ...........575,000 11/08/2005. 11/15/2015.<br />
84263P AK 6 SOUTHERN CONN GAS FIRST MTG................................................ ....... .. ........... .1FE ..........15,005,250 ......104.223 ..........15,633,450 ..........15,000,000 ..........15,001,732 .......................... .................(900) ............................ .......................... ..........7.800 ..........7.795 AO...... ...........247,000 ........1,170,000 09/21/2000. 09/24/2010.<br />
84263P AL 4 SOUTHERN CONN GAS SEC MTN-II............................................... ....... .. ........... .1FE ............7,000,000 ........94.500 ............6,615,000 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........6.590 ..........6.590 AO...... .............97,386 ...........461,300 09/28/2001. 09/26/2011.<br />
84265V AA 3 SOUTHERN COPPER CORP DEL..................................................... ....... .. ........... .2FE ..........47,714,877 ........74.820 ..........35,464,680 ..........47,400,000 ..........47,708,626 .......................... ..............(4,901) ............................ .......................... ..........7.500 ..........7.440 JJ....... ........1,520,750 ........3,555,000 03/15/2007. 07/27/2035.<br />
84281# AA 8 SOUTHERN ENERGY FIN CO SR NTS............................................. ....... .. ........... ......2 ............5,155,524 ......106.041 ............5,466,969 ............5,155,524 ............5,155,524 .......................... .......................... ............................ .......................... ..........8.120 ..........8.120 MJSD. .............10,466 ...........418,629 12/16/1998. 12/22/2018.<br />
843163 AP 1 SOUTHERN INDIANA GAS & ELEC CO............................................ ....... .. ........... .1FE ...............619,400 ......119.744 ...............598,720 ...............500,000 ...............597,692 .......................... ............(10,356) ............................ .......................... ..........8.875 ..........5.617 JD...... ...............3,698 .............44,375 11/01/2006. 06/01/2016.<br />
843163 AX 4 SOUTHERN INDIANA GAS & ELEC CO............................................ ....... .. ........... .1FE ..........15,430,993 ........96.051 ..........13,447,140 ..........14,000,000 ..........15,273,198 .......................... ............(30,946) ............................ .......................... ..........6.720 ..........5.948 FA...... ...........392,000 ...........940,800 02/04/2003. 08/01/2029.<br />
82048@ AE 0 SOUTHERN PAC TRANS CO-LESSEE;S......................................... ....... .. ........... ......1 ............6,928,200 ......105.205 ............7,220,092 ............6,862,879 ............6,883,452 .......................... ............(10,130) ............................ .......................... ..........7.220 ..........7.045 JJ....... ...........246,374 ...........495,500 04/23/2004. 07/02/2013.<br />
844030 AA 4 SOUTHERN UNION CO SR NT.......................................................... ....... .. ........... .2FE ..........12,655,522 ........75.608 ............9,091,862 ..........12,025,000 ..........12,523,171 .......................... ............(17,931) ............................ .......................... ..........7.600 ..........7.147 FA...... ...........380,792 ...........913,900 01/08/1999. 02/01/2024.<br />
8447HB AF 9 SOUTHTRUST BANK NA SB NT....................................................... ....... .. ........... .1FE ..........30,633,762 ........93.637 ..........28,652,922 ..........30,600,000 ..........30,616,743 .......................... ..............(3,788) ............................ .......................... ..........4.750 ..........4.734 MS..... ...........484,500 ........1,453,500 03/25/2004. 03/01/2013.<br />
8447HB AA 0 SOUTHTRUST BK BIRMINGHAM AL MT.......................................... ....... .. ........... .1FE ..........11,332,400 ........81.652 ............8,165,200 ..........10,000,000 ..........11,028,746 .......................... ............(33,950) ............................ .......................... ..........7.690 ..........6.649 MN..... .............98,261 ...........769,000 02/14/1996. 05/15/2025.<br />
8447HE AA 4 SOUTHTRUST BK CORP ATLANTA GA........................................... ....... .. ........... .1FE ..........35,442,950 ........82.051 ..........27,478,880 ..........33,490,000 ..........35,017,020 .......................... ............(48,045) ............................ .......................... ..........7.740 ..........7.257 MN..... ...........331,216 ........2,592,126 05/01/1998. 05/15/2025.<br />
844730 AG 6 SOUTHTRUST CORP SUB NTS........................................................ LS... .. ........... .1FE ..........12,979,720 ........89.541 ..........11,640,330 ..........13,000,000 ..........12,987,991 .......................... ...............1,821 ............................ .......................... ..........5.800 ..........5.821 JD...... .............33,511 ...........754,000 05/19/2004. 06/15/2014.<br />
844741 AT 5 SOUTHWEST AIRLINES PTC 96-A1 E.............................................. ....... .. ........... .1FE ............1,729,240 ........98.165 ............1,718,686 ............1,750,814 ............1,738,751 .......................... ...............4,367 ............................ .......................... ..........7.670 ..........7.946 JJ....... .............66,771 ...........134,289 02/04/2000. 01/02/2014.<br />
84474W AA 8 SOUTHWEST AIRLINES PTC 98-A ET............................................. ....... .. .........1 .1FE ............6,617,720 ........98.222 ............6,500,057 ............6,617,720 ............6,617,720 .......................... .......................... ............................ .......................... ..........6.530 ..........6.530 JJ....... ...........214,868 ...........432,137 05/21/1998. 07/02/2019.<br />
84603M EX 0 SOVEREIGN BANK FSB WYOMISSING........................................... ....... .. ........... .2FE ..........26,325,804 ........83.780 ..........22,034,140 ..........26,300,000 ..........26,312,393 .......................... ..............(2,588) ............................ .......................... ..........5.125 ..........5.112 MS..... ...........396,874 ........1,347,875 03/28/2003. 03/15/2013.<br />
84603M FR 2 SOVEREIGN BANK INC SB NT......................................................... ....... .. .........3 .2FE ..........13,980,560 ........71.286 ............9,980,040 ..........14,000,000 ..........13,990,175 .......................... ...............2,120 ............................ .......................... ..........4.510 ..........4.393 FA...... ...........114,392 ...........777,389 08/11/2003. 08/01/2013.<br />
84650R AA 5 SPAREBANK 1 MIDT NORGE SB 144A............................................ ....... .. ........... .1FE ..........23,000,000 ........86.200 ..........19,826,000 ..........23,000,000 ..........23,000,000 .......................... .......................... ............................ .......................... ..........6.512 ..........6.512 AO...... ...........366,119 ........1,497,760 09/30/2003. 10/03/2013.<br />
000000 00 0 SPIRIT FINANCE CORP TERM LOAN............................................... ....... .. .......23 .4FE ............9,952,500 ........45.000 ............4,500,000 ..........10,000,000 ............9,961,477 .......................... ...............7,029 ............................ .......................... ..........5.872 ..........5.459 MON.. .............64,184 ...........659,711 07/12/2007. 05/23/2013.<br />
84861# AA 6 SPIRITS OF ST LOUIS BASKETBALL............................................... ....... .. ........... ......2 ..........27,728,983 ........86.788 ..........24,065,430 ..........27,728,983 ..........27,728,983 .......................... .......................... ............................ .......................... ..........6.090 ..........6.090 MJSD. ...............4,691 ........1,995,371 01/22/2004. 12/31/2021.<br />
84901# AA 8 SPOKANE ENERGY FDG TR SR SEC N.......................................... ....... .. ........... ......2 ..........10,710,106 ......103.298 ..........11,063,326 ..........10,710,106 ..........10,710,106 .......................... .......................... ............................ .......................... ..........7.327 ..........7.327 MON.. ...............2,180 ...........844,387 12/31/1998. 01/31/2015.<br />
852060 AG 7 SPRINT CAPITAL CORP.................................................................... ....... .. .........1 .3FE ............5,982,060 ........71.000 ............4,260,000 ............6,000,000 ............5,987,749 .......................... ..................789 ............................ .......................... ..........6.900 ..........6.928 MN..... .............69,000 ...........414,000 04/29/1999. 05/01/2019.<br />
852060 AT 9 SPRINT CAPITAL CORP GLBL GTD B.............................................. ....... .. ........... .3FE ..........18,637,900 ........67.500 ..........10,125,000 ..........15,000,000 ..........18,483,870 .......................... ............(62,561) ............................ .......................... ..........8.750 ..........6.745 MS..... ...........386,458 ........1,312,500 04/12/2007. 03/15/2032.<br />
852060 AJ 1 SPRINT CAPITAL CORP GTD NTS................................................... ....... .. ........... .3FE ............4,970,600 ........83.500 ............4,175,000 ............5,000,000 ............4,991,929 .......................... ...............3,445 ............................ .......................... ..........7.625 ..........7.710 JJ....... ...........159,913 ...........381,250 01/19/2001. 01/30/2011.<br />
852060 AF 9 SPRINT CAPITAL CORP GTD SR NT............................................... ....... .. ........... .3FE ............4,978,990 ........99.375 ............5,465,625 ............5,500,000 ............5,472,796 .......................... .............76,873 ............................ .......................... ..........6.375 ..........7.892 MN..... .............58,438 ...........350,625 07/28/2000. 05/01/2009.<br />
852060 AS 1 SPRINT CAPITAL CORP NT.............................................................. ....... .. ........... .3FE ..........11,456,750 ........80.000 ............8,000,000 ..........10,000,000 ..........10,687,681 .......................... ..........(189,065) ............................ .......................... ..........8.375 ..........5.985 MS..... ...........246,597 ...........837,500 06/28/2004. 03/15/2012.<br />
852060 AD 4 SPRINT CAPITAL CORP SR NTS...................................................... ....... .. ........... .3FE ............1,732,210 ........59.500 ............1,190,000 ............2,000,000 ............1,762,158 .......................... ...............4,726 ............................ .......................... ..........6.875 ..........8.086 MN..... .............17,569 ...........137,500 09/29/2000. 11/15/2028.<br />
789547 AD 8 ST GEORGE BANK LT 144A NT........................................................ ....... .. ........... .1FE ..........19,209,240 ........96.268 ..........18,290,920 ..........19,000,000 ..........19,136,666 .......................... ............(16,541) ............................ .......................... ..........5.300 ..........5.172 AO...... ...........212,589 ........1,007,000 02/24/2004. 10/15/2015.<br />
85255B AA 6 STAGECOACH HOLDINGS PLC....................................................... ....... .. .........1 .2FE ..........18,202,740 ......105.095 ..........18,391,625 ..........17,500,000 ..........17,662,204 .......................... ..........(176,923) ............................ .......................... ..........8.625 ..........7.505 MN..... ...........192,865 ........1,509,375 09/14/2005. 11/15/2009.<br />
85259@ AA 5 STALLION OILFIELD SERVICES LTD............................................... ....... .. .......23 .....5* ............4,900,000 ........40.000 ............2,000,000 ............5,000,000 ............4,918,432 .......................... .............13,665 ............................ .......................... ..........8.801 ........10.278 MON.. ...........114,936 ...........427,144 07/18/2007. 06/12/2013.<br />
854616 AK 5 STANLEY WORKS NTS..................................................................... ....... .. .........1 .1FE ............6,988,520 ........97.855 ............6,849,850 ............7,000,000 ............6,994,931 .......................... ...............1,173 ............................ .......................... ..........4.900 ..........4.921 MN..... .............57,167 ...........343,000 10/29/2002. 11/01/2012.<br />
85746* BZ 2 STATE ST BK & TR (NOVA CHEM)................................................... ....... .. ........... ......3 ............5,598,124 ........86.733 ............4,855,421 ............5,598,124 ............5,598,124 .......................... .......................... ............................ .......................... ..........7.890 ..........7.890 MS..... ...........115,331 ...........441,692 08/06/1997. 09/27/2016.<br />
85746* CA 6 STATE ST BK & TR NOVA CHEMICAL............................................. ....... .. ........... ......3 ..........10,953,700 ........81.796 ............8,959,689 ..........10,953,700 ..........10,953,700 .......................... .......................... ............................ .......................... ..........7.110 ..........7.110 MS..... ...........203,355 ...........778,808 12/30/1997. 09/27/2016.<br />
857449 AB 8 STATE STR BK & TR CO BOSTON MA............................................ ....... .. ........... .1FE ..........34,716,458 ........92.275 ..........32,111,700 ..........34,800,000 ..........34,739,330 .......................... ...............4,621 ............................ .......................... ..........5.250 ..........5.273 AO...... ...........385,700 ........1,827,000 09/25/2003. 10/15/2018.<br />
85744N AA 9 STATE STREET BANK & TRUST SUB.............................................. ....... .. ........... .1FE ..........21,105,210 ........97.746 ..........20,526,660 ..........21,000,000 ..........21,078,782 .......................... ..............(9,064) ............................ .......................... ..........5.300 ..........5.235 JJ....... ...........513,217 ........1,113,000 12/14/2005. 01/15/2016.<br />
857473 AE 2 STATE STREET BANK NTS............................................................... ....... .. ........... .1FE ..........10,000,000 ......110.036 ..........11,003,600 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........7.350 ..........7.350 JD...... .............32,667 ...........735,000 06/18/1996. 06/15/2026.<br />
857449 #R 3 STATE STREET BK & TR (AIRBUS).................................................. ....... .. ........... ......1 ............1,408,484 ......115.670 ............1,629,194 ............1,408,484 ............1,408,484 .......................... .......................... ............................ .......................... ..........8.990 ..........8.990 MS..... .............37,283 ...........126,623 01/31/1995. 09/15/2018.<br />
857449 #T 9 STATE STREET BK & TR (AIRBUS).................................................. ....... .. ........... ......1 ............1,407,652 ......115.670 ............1,628,231 ............1,407,652 ............1,407,652 .......................... .......................... ............................ .......................... ..........8.990 ..........8.990 MS..... .............37,261 ...........126,548 02/06/1995. 09/15/2018.<br />
857449 #V 4 STATE STREET BK & TR (AIRBUS).................................................. ....... .. ........... ......1 ............1,401,986 ......115.670 ............1,621,677 ............1,401,986 ............1,401,986 .......................... .......................... ............................ .......................... ..........8.990 ..........8.990 MS..... .............37,111 ...........126,039 03/07/1995. 09/15/2018.<br />
857449 #X 0 STATE STREET BK & TR (AIRBUS).................................................. ....... .. ........... ......1 ............1,401,139 ......115.670 ............1,620,697 ............1,401,139 ............1,401,139 .......................... .......................... ............................ .......................... ..........8.990 ..........8.990 MS..... .............37,089 ...........125,962 03/13/1995. 09/15/2018.<br />
R4446E AP 9 STATOIL EURO SR MTN................................................................... ....... F ........... .1FE ............1,075,290 ......100.650 ............1,006,500 ............1,000,000 ............1,002,966 .......................... ............(14,884) ............................ .......................... ..........5.750 ..........4.182 M........ .............46,479 .............57,500 09/09/2003. 03/10/2009.<br />
24820R AG 3 STATOIL NTS 144A W/O RR.............................................................. ....... F .........1 .1FE ............6,036,128 ......101.594 ............5,689,264 ............5,600,000 ............5,990,590 .......................... ............(10,101) ............................ .......................... ..........6.500 ..........5.900 JD...... .............30,333 ...........364,000 12/01/2003. 12/01/2028.<br />
85771P AA 0 STATOIL NTS 144A W/O RR.............................................................. ....... F .........1 .1FE ..........40,619,493 ........98.283 ..........40,409,055 ..........41,115,000 ..........40,816,583 .......................... .............46,987 ............................ .......................... ..........5.125 ..........5.281 AO...... ...........357,044 ........2,107,144 07/28/2004. 04/30/2014.<br />
85771T AE 4 STATS CHIPPAC LTD SR NT............................................................ ....... .. ........... .3FE ............6,871,119 ........82.250 ............5,662,913 ............6,885,000 ............6,877,647 .......................... ...............4,256 ............................ .......................... ..........7.500 ..........7.574 JJ....... ...........232,369 ...........516,375 08/08/2006. 07/19/2010.<br />
858577 AP 4 STENA AB SR NT............................................................................... ....... .. .........1 .3FE ............9,285,000 ........64.000 ............6,400,000 ..........10,000,000 ............9,424,141 .......................... .............49,355 ............................ .......................... ..........7.000 ..........7.984 JD...... .............58,333 ...........700,000 07/11/2006. 12/01/2016.<br />
Q8773# AK 2 STOCKLAND FIN PTY LTD SER D GT.............................................. ....... F ........... .1FE ..........20,000,000 ........66.905 ..........13,381,000 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........4.990 ..........4.990 JJ....... ...........462,961 ...........998,000 09/14/2005. 07/14/2015.<br />
86210M AB 2 STORA ENSO CORP 144A NT.......................................................... ....... .. ........... .3FE ............5,005,450 ........66.024 ............3,301,200 ............5,000,000 ............5,004,292 .......................... .................(450) ............................ .......................... ..........6.404 ..........6.389 AO...... .............67,598 ...........320,200 04/10/2006. 04/15/2016.<br />
86210M AC 0 STORA ENSO CORP 144A NT.......................................................... ....... .. ........... .3FE ..........30,235,246 ........52.697 ..........15,450,760 ..........29,320,000 ..........30,213,416 .......................... ............(11,253) ............................ .......................... ..........7.250 ..........6.995 AO...... ...........448,759 ........2,125,700 01/11/2007. 04/15/2036.
E10.69<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
86210M AA 4 STORA ENSO OYJ CORP GLBL SR NT........................................... ....... F ........... .3FE ..........20,973,152 ........79.727 ..........15,841,755 ..........19,870,000 ..........20,225,168 .......................... ..........(135,529) ............................ .......................... ..........7.375 ..........6.545 MN..... ...........187,247 ........1,465,413 10/09/2002. 05/15/2011.<br />
X8687# AA 1 STRAUMUR-BURDARAS INV BK SER A.......................................... ....... F ........... ......3 ..........15,750,000 ........94.900 ..........14,946,750 ..........15,750,000 ..........15,750,000 .......................... .......................... ............................ .......................... ..........7.240 ..........7.240 MS..... ...........291,410 ........1,140,300 03/29/2006. 03/29/2011.<br />
86357K AC 7 STRUCTURED PLACEMENTS TR SER P........................................ ....... .. .........3 .1FE ...............729,858 ......100.072 ...............673,143 ...............672,658 ...............680,837 .......................... ..............(3,580) ............................ .......................... ..........2.919 ..........6.585 JJ....... ...............8,946 .............21,217 01/01/1998. 07/17/2013.<br />
D8211@ AE 2 SUD-CHEMIE FIN GMBH SER B SR G............................................. ....... F .........3 ....2Z ............7,000,000 ........76.949 ............5,386,430 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.630 ..........5.630 MS..... ...........101,389 ...........394,100 09/30/2004. 09/30/2014.<br />
D8211@ AF 9 SUD-CHEMIE FIN GMBH SER C SR G............................................. ....... F .........3 ....2Z ............7,000,000 ........69.809 ............4,886,630 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.780 ..........5.780 MS..... ...........104,043 ...........404,600 09/30/2004. 09/30/2016.<br />
866810 AF 1 SUN MICROSYSTEMS INC SR NT.................................................... LS... .. ........... .3FE ..........29,410,561 ........97.500 ..........27,041,625 ..........27,735,000 ..........27,922,573 .......................... ..........(287,413) ............................ .......................... ..........7.650 ..........6.525 FA...... ...........801,542 ........2,121,728 04/28/2003. 08/15/2009.<br />
86708* AA 2 SUNBELT CHLOR ALKALI PTRSP SER........................................... ....... .. ........... ......3 ............5,625,000 ........76.603 ............4,308,919 ............5,625,000 ............5,625,000 .......................... .......................... ............................ .......................... ..........7.230 ..........7.230 JD...... .............10,167 ...........406,687 12/23/1997. 12/22/2017.<br />
86708* AB 0 SUNBELT CHLOR ALKALI PTRSP SER........................................... ....... .. ........... ......3 ............5,625,000 ........90.250 ............5,076,562 ............5,625,000 ............5,625,000 .......................... .......................... ............................ .......................... ..........7.230 ..........7.230 JD...... .............10,167 ...........406,687 12/23/1997. 12/22/2017.<br />
86722T AA 0 SUNCOR ENERGY INC NT................................................................ ....... .. ........... .1FE ..........29,040,414 ........86.174 ..........24,990,460 ..........29,000,000 ..........29,038,184 .......................... ..............(2,230) ............................ .......................... ..........6.100 ..........6.145 JD...... ...........147,417 ...........859,931 08/29/2008. 06/01/2018.<br />
867229 AC 0 SUNCOR ENERGY INC NT................................................................ ....... .. ........... .1FE ..........21,246,029 ........83.497 ..........17,054,262 ..........20,425,000 ..........21,179,112 .......................... ............(14,554) ............................ .......................... ..........7.150 ..........6.823 FA...... ...........608,495 ........1,460,388 11/12/2003. 02/01/2032.<br />
867229 AD 8 SUNCOR ENERGY INC NT................................................................ ....... .. ........... .1FE ...................3,152 ........73.979 ...................3,699 ...................5,000 ...................3,155 .......................... ......................2 ............................ .......................... ..........5.950 ..........9.940 JD...... ....................25 ..................149 10/30/2008. 12/01/2034.<br />
867229 AE 6 SUNCOR ENERGY INC NT................................................................ ....... .. ........... .1FE ..........19,437,970 ........75.620 ..........14,745,900 ..........19,500,000 ..........19,436,854 .......................... .................(687) ............................ .......................... ..........6.500 ..........6.524 JD...... .............56,333 ........1,105,000 08/18/2008. 06/15/2038.<br />
86722T AB 8 SUNCOR ENERGY INC SR NT.......................................................... ....... .. ........... .1FE ..........20,138,850 ........79.558 ..........15,911,600 ..........20,000,000 ..........20,138,101 .......................... .................(749) ............................ .......................... ..........6.850 ..........6.796 JD...... ...........114,167 ...........665,972 06/24/2008. 06/01/2039.<br />
867363 AD 5 SUNGARD DATA SYSTEMS INC...................................................... ....... .. ........... .4FE ............2,998,230 ........99.750 ............2,992,500 ............3,000,000 ............2,999,984 .......................... ..................380 ............................ .......................... ..........3.750 ..........3.763 JJ....... .............51,875 ...........112,500 01/12/2004. 01/15/2009.<br />
867363 AH 6 SUNGARD DATA SYSTEMS INC SR................................................ ....... .. .........1 .4FE ............1,850,356 ........86.500 ............1,557,000 ............1,800,000 ............1,825,256 .......................... ..............(8,280) ............................ .......................... ..........9.125 ..........8.631 FA...... .............62,050 ...........164,250 09/26/2005. 08/15/2013.<br />
867363 AL 7 SUNGARD DATA SYSTEMS INC SR SB.......................................... ....... .. .........1 .4FE ..........19,050,000 ........66.000 ..........12,540,000 ..........19,000,000 ..........19,033,482 .......................... ..............(5,921) ............................ .......................... ........10.250 ........10.204 FA...... ...........735,722 ........1,947,500 12/21/2005. 08/15/2015.<br />
86764P AB 5 SUNOCO INC NT................................................................................ ....... .. ........... .2FE ..........13,198,320 ........98.516 ..........11,821,920 ..........12,000,000 ..........12,405,638 .......................... ..........(166,558) ............................ .......................... ..........6.750 ..........5.136 AO...... ...........202,500 ...........810,000 02/23/2004. 04/01/2011.<br />
86764P AD 1 SUNOCO INC NT................................................................................ ....... .. ........... .2FE ............6,974,030 ........83.107 ............5,817,490 ............7,000,000 ............6,978,158 .......................... ...............2,079 ............................ .......................... ..........5.750 ..........5.798 JJ....... ...........185,597 ...........402,500 12/11/2006. 01/15/2017.<br />
86765B AE 9 SUNOCO LOGISTICS PARTNERS OPS........................................... ....... .. ........... .2FE ............4,035,000 ........81.152 ............3,246,080 ............4,000,000 ............4,028,318 .......................... ..............(2,974) ............................ .......................... ..........6.125 ..........6.003 MN..... .............31,306 ...........245,000 08/24/2006. 05/15/2016.<br />
86787G AG 7 SUNTRUST BANK BDS...................................................................... ....... .. ........... .1FE ............7,989,280 ........92.502 ............7,400,160 ............8,000,000 ............7,992,295 .......................... ..................951 ............................ .......................... ..........5.000 ..........5.017 MS..... ...........133,333 ...........400,000 08/17/2005. 09/01/2015.<br />
86787G AB 8 SUNTRUST BANK GLOBAL SUB NTS.............................................. ....... .. ........... .1FE ..........21,325,220 ......101.185 ..........19,892,971 ..........19,660,000 ..........20,211,341 .......................... ..........(227,340) ............................ .......................... ..........6.375 ..........5.037 AO...... ...........313,331 ........1,253,325 09/12/2003. 04/01/2011.<br />
86787G AD 4 SUNTRUST BANK SUB NTS............................................................. ....... .. ........... .1FE ............7,114,122 ........91.963 ............6,368,438 ............6,925,000 ............7,064,967 .......................... ............(13,890) ............................ .......................... ..........5.200 ..........4.895 JJ....... ...........164,046 ...........360,100 02/15/2005. 01/17/2017.<br />
867914 AR 4 SUNTRUST BANKS INC SB NT......................................................... ....... .. ........... .1FE ............1,676,430 ......101.210 ............1,518,150 ............1,500,000 ............1,533,775 .......................... ............(23,597) ............................ .......................... ..........7.750 ..........5.756 MN..... .............19,375 ...........116,250 10/12/2001. 05/01/2010.<br />
867914 AY 9 SUNTRUST BANKS INC SR NT......................................................... ....... .. ........... .1FE ..........10,217,385 ........99.047 ..........10,152,318 ..........10,250,000 ..........10,244,547 .......................... ...............6,629 ............................ .......................... ..........4.250 ..........4.316 AO...... .............91,965 ...........435,625 08/03/2004. 10/15/2009.<br />
86787G AC 6 SUNTRUST BK ATLANTA GA SB MTN............................................. ....... .. ........... .1FE ..........28,802,143 ........92.980 ..........26,118,082 ..........28,090,000 ..........28,581,732 .......................... ............(42,657) ............................ .......................... ..........5.450 ..........5.201 JD...... ...........127,575 ........1,530,905 03/20/2003. 12/01/2017.<br />
868733 A* 7 SUREWEST COMMUNICATIONS SER B......................................... ....... .. ........... ......2 ..........21,585,040 ........96.886 ..........22,283,780 ..........23,000,000 ..........22,340,171 .......................... ...........279,772 ............................ .......................... ..........4.740 ..........6.191 MS..... ...........327,060 ........1,090,200 02/03/2006. 03/13/2013.<br />
000000 00 0 SURGICAL CARE INC TRNCH B TERM............................................ ....... .. .......23 .4FE ............1,970,000 ........50.750 ...............999,775 ............1,970,000 ............1,970,000 .......................... .......................... ............................ .......................... ..........4.946 ........10.560 MON.. ...............8,253 ...........109,746 06/28/2007. 12/29/2014.<br />
D8282# AC 8 SURTECO AG SER A SR NT............................................................. ....... D ........... ......2 ..........14,144,672 ........65.583 ............9,116,474 ..........13,900,666 ..........14,144,672 .......................... .......................... ............................ ..........(559,913) ..........5.492 ..........5.493 JD...... ...............2,158 ...........820,996 08/16/2007. 08/16/2014.<br />
EUR COST = 10,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 10,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
D8282# AA 2 SURTECO AG SER C SR NT............................................................. ....... D ........... ......2 ..........25,460,409 ........88.003 ..........22,019,405 ..........25,021,199 ..........25,460,409 .......................... .......................... ............................ .......(1,007,844) ..........5.702 ..........5.703 JD...... ...............4,033 ........1,534,296 08/16/2007. 08/16/2019.<br />
EUR COST = 18,000,000.............................................................. ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
EUR PAR = 18,000,000................................................................ ....... .. ........... ........ ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... .......................... .......................... ................... ...................<br />
869049 AE 6 SUSA PARTNERSHIP LP DB............................................................. ....... .. ........... .1FE ............5,791,280 ......105.152 ............5,783,360 ............5,500,000 ............5,757,017 .......................... ..............(6,351) ............................ .......................... ..........7.500 ..........7.048 JD...... .............34,375 ...........412,500 07/09/2002. 12/01/2027.<br />
870836 AC 7 SWISS BANK CORP SR SB DB......................................................... ....... .. ........... .1FE ............5,402,300 ........86.478 ............4,323,900 ............5,000,000 ............5,320,646 .......................... ............(10,207) ............................ .......................... ..........7.500 ..........6.846 JJ....... ...........172,917 ...........375,000 01/21/1998. 07/15/2025.<br />
L8992# AA 4 SYNGENTA FINANCE N.V. SR NTS -............................................... ....... F ........... ......1 ............7,000,000 ........85.889 ............6,012,230 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.110 ..........5.110 JD...... .............22,853 ...........357,700 12/08/2005. 12/08/2020.<br />
L8992# AB 2 SYNGENTA FINANCE N.V. SR NTS -............................................... ....... F ........... ......1 ..........10,000,000 ........85.346 ............8,534,600 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.350 ..........5.350 JD...... .............34,181 ...........535,000 12/08/2005. 12/08/2025.<br />
87161C AG 0 SYNOVUS FINANCIAL BDS............................................................... ....... .. ........... .2FE ..........19,470,200 ........76.876 ..........14,990,820 ..........19,500,000 ..........19,477,208 .......................... ...............2,098 ............................ .......................... ..........5.125 ..........5.142 JD...... .............44,417 ...........999,375 07/18/2005. 06/15/2017.<br />
87161C AE 5 SYNOVUS FINANCIAL NTS............................................................... ....... .. ........... .2FE ..........36,919,550 ........86.335 ..........31,943,950 ..........37,000,000 ..........36,955,815 .......................... ...............9,376 ............................ .......................... ..........4.875 ..........4.907 FA...... ...........681,417 ........1,803,750 08/05/2004. 02/15/2013.<br />
871655 B@ 4 SYPRIS SOLUTIONS INC SER B SR................................................ ....... .. .........3 ......3 ............2,727,273 ........89.657 ............2,445,191 ............2,727,273 ............2,727,273 .......................... .......................... ............................ .......................... ..........7.450 ..........5.350 JD...... ..................564 ...........304,773 08/19/2004. 06/30/2011.<br />
871655 A* 7 SYPRIS SOLUTIONS INC SR U/S NT............................................... ....... .. .........3 ......3 ............3,272,727 ........92.027 ............3,011,793 ............3,272,727 ............3,272,727 .......................... .......................... ............................ .......................... ..........7.250 ..........4.730 JD...... .............41,895 ...........314,673 06/10/2004. 06/30/2009.<br />
871829 AK 3 SYSCO CORP NT............................................................................... ....... .. ........... .1FE ..........10,582,510 ........99.624 ..........10,560,144 ..........10,600,000 ..........10,585,339 .......................... ...............2,829 ............................ .......................... ..........4.200 ..........4.237 FA...... ...........171,897 ...........222,600 02/07/2008. 02/12/2013.<br />
871829 AL 1 SYSCO CORP NT............................................................................... ....... .. ........... .1FE ............1,489,650 ......101.358 ............1,520,370 ............1,500,000 ............1,490,361 .......................... ..................711 ............................ .......................... ..........5.250 ..........5.340 FA...... .............30,406 .............39,375 02/07/2008. 02/12/2018.<br />
871829 AH 0 SYSCO CORP NTS 144A W/O RR.................................................... ....... .. .........1 .1FE ............2,998,290 ......104.635 ............3,139,050 ............3,000,000 ............2,999,042 .......................... ..................159 ............................ .......................... ..........4.600 ..........4.607 MS..... .............40,633 ...........138,000 02/27/2004. 03/15/2014.<br />
87203R AA 0 SYSTEMS 2001 ASSET TR (BAE) PT............................................... ....... .. ........... .1FE ............8,460,596 ........99.000 ............7,547,321 ............7,623,557 ............8,065,525 .......................... ..........(127,655) ............................ .......................... ..........6.664 ..........5.219 MJSD. .............22,579 ...........508,032 05/02/2005. 09/15/2013.<br />
87203R AC 6 SYSTEMS 2001 ASSET TRUST LLC C............................................. ....... .. ........... .2FE ............8,025,148 ........85.000 ............6,612,967 ............7,779,961 ............7,808,902 .......................... ............(17,680) ............................ .......................... ..........7.156 ..........6.968 MJSD. .............24,744 ...........556,734 03/06/2002. 12/15/2011.<br />
Q8815# AA 4 TABCORP INV NO 4 PTY LTD SER A............................................... ....... F ........... ......2 ..........22,000,000 ........93.719 ..........20,618,180 ..........22,000,000 ..........22,000,000 .......................... .......................... ............................ .......................... ..........5.270 ..........5.270 JD...... .............32,206 ........1,567,825 12/21/2004. 12/21/2014.<br />
000000 00 0 TALECRIS BIOTHERAPEUTICS 2ND L............................................. ....... .. .......23 .5FE ............6,000,000 ........82.500 ............4,950,000 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........9.570 ........11.850 MON.. .............95,700 ...........601,557 12/06/2006. 12/06/2014.<br />
87425E AE 3 TALISMAN ENERGY INC DEBS........................................................ ....... .. .........1 .2FE ..........17,166,790 ........77.664 ..........12,037,920 ..........15,500,000 ..........17,003,635 .......................... ............(40,891) ............................ .......................... ..........7.250 ..........6.357 AO...... ...........237,236 ........1,123,750 07/28/2006. 10/15/2027.<br />
87425E AG 8 TALISMAN ENERGY INC NT............................................................. ....... .. ........... .2FE ............9,991,400 ........84.765 ............8,476,500 ..........10,000,000 ............9,994,072 .......................... ..................768 ............................ .......................... ..........5.125 ..........5.136 MN..... .............65,486 ...........512,500 05/09/2005. 05/15/2015.<br />
87425E AJ 2 TALISMAN ENERGY INC SR NT....................................................... ....... .. ........... .2FE ............1,988,360 ........69.559 ............1,391,180 ............2,000,000 ............1,988,786 .......................... ..................154 ............................ .......................... ..........5.850 ..........5.891 FA...... .............48,750 ...........117,000 01/23/2006. 02/01/2037.<br />
87425E AK 9 TALISMAN ENERGY INC SR NT....................................................... ....... .. ........... .2FE ...................3,238 ........72.609 ...................3,630 ...................5,000 ...................3,239 .......................... ......................1 ............................ .......................... ..........6.250 ..........9.985 FA...... ..................130 .......................... 11/13/2008. 02/01/2038.<br />
87425E AH 6 TALISMAN ENERGY INC SR NTS..................................................... ....... .. .........1 .2FE ............2,960,700 ........69.773 ............2,093,190 ............3,000,000 ............2,962,698 .......................... ..................585 ............................ .......................... ..........5.750 ..........5.843 MN..... .............22,042 ...........172,500 05/09/2005. 05/15/2035.<br />
87510@ AB 4 TAMKO ROOFING PRODS INC SER B............................................. ....... .. ........... ......2 ............2,142,858 ......103.905 ............2,226,536 ............2,142,858 ............2,142,858 .......................... .......................... ............................ .......................... ..........7.710 ..........7.710 MN..... .............27,077 ...........165,214 11/02/1999. 11/02/2009.
E10.70<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
875127 B# 8 TAMPA ELECTRIC CO SR NTS......................................................... ....... .. ........... .2FE ..........20,000,000 ........92.065 ..........18,413,000 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........6.250 ..........6.250 AO...... ...........263,889 ........1,250,000 04/11/2003. 04/15/2016.<br />
875484 AD 9 TANGER PPTYS LP NT...................................................................... ....... .. ........... .2FE ..........16,439,775 ........71.855 ..........11,856,075 ..........16,500,000 ..........16,454,921 .......................... ...............5,119 ............................ .......................... ..........6.150 ..........6.199 MN..... ...........129,663 ........1,014,750 10/28/2005. 11/15/2015.<br />
87612E AR 7 TARGET CORP BD............................................................................. ....... .. ........... .1FE ..........22,588,641 ........85.867 ..........21,612,724 ..........25,170,000 ..........22,591,823 .......................... ...............3,262 ............................ .......................... ..........6.500 ..........7.334 AO...... ...........345,388 ...........935,278 10/22/2008. 10/15/2037.<br />
239753 DJ 2 TARGET CORP DB............................................................................. ....... .. ........... .1FE ............1,099,110 ........90.692 ...............906,920 ............1,000,000 ............1,086,273 .......................... ..............(2,391) ............................ .......................... ..........6.750 ..........5.983 JJ....... .............33,750 .............67,500 10/02/2002. 01/01/2028.<br />
87612E AB 2 TARGET CORP NT............................................................................. ....... .. ........... .1FE ............4,580,925 ......103.728 ............4,667,760 ............4,500,000 ............4,525,573 .......................... ............(14,917) ............................ .......................... ..........7.500 ..........7.117 FA...... ...........127,500 ...........337,500 01/03/2005. 08/15/2010.<br />
87612E AC 0 TARGET CORP NT............................................................................. ....... .. ........... .1FE ...............836,203 ......102.247 ...............781,167 ...............764,000 ...............789,439 .......................... ............(11,458) ............................ .......................... ..........6.350 ..........4.621 JJ....... .............22,370 .............47,625 12/15/2008. 01/15/2011.<br />
87612E AH 9 TARGET CORP NT............................................................................. ....... .. ........... .1FE ..........12,424,160 ......101.518 ..........12,182,160 ..........12,000,000 ..........12,164,843 .......................... ............(46,496) ............................ .......................... ..........5.875 ..........5.397 MS..... ...........235,000 ...........705,000 07/30/2002. 03/01/2012.<br />
87612E AJ 5 TARGET CORP NT............................................................................. ....... .. ........... .1FE ...............510,065 ......101.064 ...............505,320 ...............500,000 ...............500,781 .......................... ..............(1,644) ............................ .......................... ..........5.375 ..........5.025 JD...... ...............1,194 .............26,875 07/18/2002. 06/15/2009.<br />
87612E AK 2 TARGET CORP NT............................................................................. LS... .. ........... .1FE ...............997,600 ........85.577 ...............855,770 ............1,000,000 ...............997,804 .......................... ....................39 ............................ .......................... ..........6.350 ..........6.368 MN..... .............10,583 .............63,500 10/28/2002. 11/01/2032.<br />
87612E AN 6 TARGET CORP NT............................................................................. ....... .. ........... .1FE ............2,519,840 ........95.470 ............2,386,750 ............2,500,000 ............2,516,260 .......................... ..............(1,713) ............................ .......................... ..........5.875 ..........5.766 JJ....... .............67,726 ...........146,875 11/01/2006. 07/15/2016.<br />
87612F AB 9 TARGET CORP SER I MTN............................................................... ....... .. ........... .1FE ............6,008,535 ........83.634 ............5,018,040 ............6,000,000 ............6,006,078 .......................... .................(501) ............................ .......................... ..........4.875 ..........4.860 MN..... .............37,375 ...........292,500 07/07/2003. 05/15/2018.<br />
87612E AM 8 TARGET CORP SR NT....................................................................... ....... .. ........... .1FE .................22,856 ........93.277 .................23,319 .................25,000 .................22,927 .......................... ....................71 ............................ .......................... ..........4.000 ..........6.154 JD...... ....................44 ..................500 10/22/2008. 06/15/2013.<br />
87612E AP 1 TARGET CORP SR NT....................................................................... ....... .. ........... .1FE ............4,039,850 ........90.969 ............4,548,450 ............5,000,000 ............4,053,242 .......................... .............13,392 ............................ .......................... ..........5.375 ..........8.159 MN..... .............44,792 ...........134,375 10/24/2008. 05/01/2017.<br />
878055 AA 0 TCF NATIONAL BANK FXD/FLT SB N............................................... ....... .. 1 3...... .2FE ............8,974,800 ........76.760 ............6,908,400 ............9,000,000 ............8,984,714 .......................... ...............2,378 ............................ .......................... ..........5.000 ..........5.036 JD...... .............20,000 ...........450,000 06/08/2004. 06/15/2014.<br />
872287 AC 1 TCI COMMUNICATIONS INC SR DB................................................. ....... .. ........... .2FE ..........13,569,254 ......106.446 ..........13,199,304 ..........12,400,000 ..........13,072,196 .......................... ............(76,338) ............................ .......................... ..........8.750 ..........7.682 FA...... ...........452,083 ........1,085,000 06/29/2001. 08/01/2015.<br />
877904 AA 0 TEAM CLASSIC GOLF SVCS INC SR............................................... ....... .. ........... .1FE ............1,222,378 ........84.134 ...............949,570 ............1,128,640 ............1,142,067 .......................... ............(12,687) ............................ .......................... ..........7.150 ..........6.267 JD...... ...............6,725 .............80,698 02/23/2004. 12/01/2010.<br />
878742 AD 7 TECK COMINCO LTD NT................................................................... ....... .. ........... .3FE ..........15,903,321 ........52.288 ............8,366,080 ..........16,000,000 ..........15,955,743 .......................... .............10,104 ............................ .......................... ..........7.000 ..........7.086 MS..... ...........329,778 ........1,120,000 09/09/2002. 09/15/2012.<br />
878742 AE 5 TECK COMINCO LTD NT................................................................... ....... .. ........... .3FE ..........28,011,943 ........40.950 ..........12,163,379 ..........29,703,000 ..........28,068,423 .......................... .............21,796 ............................ .......................... ..........6.125 ..........6.563 AO...... ...........454,827 ........1,819,309 04/07/2006. 10/01/2035.<br />
878742 AF 2 TECK COMINCO LTD NT................................................................... ....... .. ........... .3FE ............1,993,100 ........41.688 ...............833,760 ............2,000,000 ............1,994,954 .......................... ..................604 ............................ .......................... ..........5.375 ..........5.420 AO...... .............26,875 ...........107,500 09/23/2005. 10/01/2015.<br />
872375 AC 4 TECO ENERGY INC NT..................................................................... ....... .. ........... .2FE ............2,571,825 ........93.756 ............2,343,900 ............2,500,000 ............2,522,342 .......................... ..............(8,550) ............................ .......................... ..........7.200 ..........6.778 MN..... .............30,000 ...........180,000 12/21/2001. 05/01/2011.<br />
879240 AX 7 TELE-COMMUNICATIONS INC DB................................................... ....... .. ........... .2FE ............5,344,680 ......102.822 ............5,655,210 ............5,500,000 ............5,426,603 .......................... .............12,707 ............................ .......................... ..........7.875 ..........8.225 FA...... ...........180,469 ...........433,125 05/25/2000. 08/01/2013.<br />
879240 AR 0 TELE-COMMUNICATIONS INC SR DB............................................. ....... .. ........... .2FE ............6,123,060 ......118.754 ............7,125,240 ............6,000,000 ............6,095,227 .......................... ..............(3,349) ............................ .......................... ..........9.875 ..........9.660 JD...... .............26,333 ...........592,500 05/09/1994. 06/15/2022.<br />
87927V AN 8 TELECOM ITALIA CAP GTD SR NT.................................................. ....... .. ........... .2FE ............6,994,180 ........90.500 ............6,335,000 ............7,000,000 ............6,997,807 .......................... ...............1,171 ............................ .......................... ..........4.875 ..........4.644 AO...... .............85,313 ...........341,250 09/21/2005. 10/01/2010.<br />
87927V AS 7 TELECOM ITALIA CAP GTD SR NT.................................................. ....... .. ........... .2FE ..........12,478,250 ........88.750 ..........11,093,750 ..........12,500,000 ..........12,488,075 .......................... ...............4,190 ............................ .......................... ..........6.200 ..........6.241 JJ....... ...........350,903 ...........775,000 07/11/2006. 07/18/2011.<br />
87927V AV 0 TELECOM ITALIA CAP GTD SR NT.................................................. ....... .. ........... .2FE ...................5,000 ........82.125 ...................4,106 ...................5,000 ...................5,000 .......................... .......................... ............................ .......................... ..........7.721 ..........7.721 JD...... ....................29 ..................193 05/28/2008. 06/04/2038.<br />
87927V AR 9 TELECOM ITALIA CAPITAL............................................................... ....... .. ........... .2FE ............8,949,600 ........77.000 ............6,930,000 ............9,000,000 ............8,950,887 .......................... ..................553 ............................ .......................... ..........7.200 ..........7.246 JJ....... ...........293,400 ...........648,000 07/11/2006. 07/18/2036.<br />
87927V AK 4 TELECOM ITALIA CAPITAL GTD SR................................................ ....... .. ........... .2FE ............1,986,056 ........92.000 ............1,881,400 ............2,045,000 ............2,029,187 .......................... .............14,083 ............................ .......................... ..........4.000 ..........4.768 JJ....... .............37,719 .............81,480 11/17/2008. 01/15/2010.<br />
87927V AE 8 TELECOM ITALIA CAPITAL SER B G............................................... ....... .. ........... .2FE ..........19,779,500 ........76.250 ..........15,250,000 ..........20,000,000 ..........19,871,085 .......................... .............22,550 ............................ .......................... ..........5.250 ..........5.401 MN..... ...........134,167 ........1,050,000 07/16/2004. 11/15/2013.<br />
879369 D@ 2 TELEFLEX INC SER A SR NT............................................................ ....... .. ........... ......3 ............6,003,156 ........87.343 ............5,240,580 ............6,000,000 ............6,002,509 .......................... .................(558) ............................ .......................... ..........7.620 ..........7.620 AO...... ...........114,300 ...........457,200 10/01/2007. 10/01/2012.<br />
879369 D# 0 TELEFLEX INC SER B SR NT............................................................ ....... .. ........... ......3 ............9,002,444 ........81.750 ............7,357,500 ............9,000,000 ............9,002,118 .......................... .................(281) ............................ .......................... ..........7.940 ..........7.940 AO...... ...........178,650 ...........714,600 10/01/2007. 10/01/2014.<br />
87938W AC 7 TELEFONICA EMISIONES S A U GTD.............................................. ....... .. ........... .1FE ..........35,899,546 ......109.153 ..........37,907,745 ..........34,729,000 ..........35,870,923 .......................... ............(14,606) ............................ .......................... ..........7.045 ..........6.777 JD...... .............74,759 ........2,446,658 01/25/2007. 06/20/2036.<br />
87938W AB 9 TELEFONICA EMISIONES S A U SR................................................ ....... .. ........... .1FE ..........25,141,700 ........99.826 ..........24,956,500 ..........25,000,000 ..........25,114,882 .......................... ............(11,757) ............................ .......................... ..........6.421 ..........6.342 JD...... .............49,049 ........1,605,250 08/09/2006. 06/20/2016.<br />
879385 AD 4 TELEFONICA EUROPE BV GBL BD................................................. ....... .. ........... .1FE ..........15,001,005 ......117.107 ..........17,566,050 ..........15,000,000 ..........15,000,409 .......................... ...................(80) ............................ .......................... ..........8.250 ..........8.141 MS..... ...........364,375 ........1,237,500 10/11/2000. 09/15/2030.<br />
879385 AC 6 TELEFONICA EUROPE BV GBL NT.................................................. ....... .. ........... .1FE ..........17,156,730 ......101.536 ..........16,245,760 ..........16,000,000 ..........16,351,619 .......................... ..........(192,753) ............................ .......................... ..........7.750 ..........6.360 MS..... ...........365,111 ........1,240,000 07/23/2004. 09/15/2010.<br />
87971M AC 7 TELUS CORP NT................................................................................ ....... .. ........... .2FE ..........11,461,676 ........99.459 ..........10,940,490 ..........11,000,000 ..........11,150,115 .......................... ............(55,360) ............................ .......................... ..........8.000 ..........7.370 JD...... .............73,333 ...........880,000 01/22/2002. 06/01/2011.<br />
879868 AH 0 TEMPLE-INLAND INC......................................................................... ....... .. ........... .3FE ............6,215,877 ........87.513 ............4,991,742 ............5,704,000 ............6,025,550 .......................... ............(84,691) ............................ .......................... ..........7.875 ..........5.983 MN..... .............74,865 ...........449,190 08/24/2006. 05/01/2012.<br />
880277 AD 0 TENAGA NASIONAL DB..................................................................... ....... .. ........... .2FE ............9,324,815 ........75.000 ............7,545,000 ..........10,060,000 ............9,325,250 .......................... ....................56 ............................ .......................... ..........7.500 ..........8.090 JJ....... ...........347,908 ...........754,500 10/01/1997. 01/15/2096.<br />
88033G AY 6 TENET HEALTHCARE CORP NTS.................................................... ....... .. .........1 .4FE .................98,194 ........71.250 .................71,250 ...............100,000 .................99,056 .......................... ..................190 ............................ .......................... ..........7.375 ..........7.649 FA...... ...............3,073 ...............7,375 01/28/2004. 02/01/2013.<br />
88033G BC 3 TENET HEALTHCARE CORP SR NTS.............................................. LS... .. .........1 .4FE ...............887,250 ........80.500 ...............684,250 ...............850,000 ...............877,127 .......................... ..............(3,277) ............................ .......................... ..........9.250 ..........8.567 FA...... .............32,760 .............78,625 08/11/2005. 02/01/2015.<br />
880451 AS 8 TENN GAS PIPELINE BNDS.............................................................. LS... .. ........... .2FE ..........10,809,750 ........77.205 ............7,836,308 ..........10,150,000 ..........10,164,169 .......................... .................(377) ............................ .......................... ..........7.000 ..........6.446 MS..... ...........209,203 ...........710,500 12/30/2004. 03/15/2027.<br />
880451 AV 1 TENN GAS PIPELINE DEBS.............................................................. ....... .. .........1 .2FE ............8,972,670 ........76.514 ............6,886,260 ............9,000,000 ............8,976,596 .......................... ..................468 ............................ .......................... ..........7.000 ..........7.024 AO...... ...........133,000 ...........630,000 11/30/1998. 10/15/2028.<br />
880394 AE 1 TENNECO PACKAGING INC DB....................................................... ....... .. ........... .2FE ............4,024,020 ........96.337 ............3,371,795 ............3,500,000 ............3,996,689 .......................... ............(13,121) ............................ .......................... ..........8.375 ..........6.986 AO...... .............61,882 ...........293,125 10/26/2006. 04/15/2027.<br />
880451 AT 6 TENNESSEE GAS PIPELINE BD....................................................... ....... .. ........... .2FE ..........18,763,969 ........88.208 ..........15,789,232 ..........17,900,000 ..........18,412,774 .......................... ............(44,954) ............................ .......................... ..........7.500 ..........7.034 AO...... ...........335,625 ........1,342,500 08/06/2001. 04/01/2017.<br />
872384 AA 0 TEPPCO PARTNERS LP SR NT........................................................ ....... .. ........... .2FE ..........20,907,810 ........96.323 ..........20,227,830 ..........21,000,000 ..........20,963,283 .......................... .............10,035 ............................ .......................... ..........7.625 ..........7.689 FA...... ...........604,917 ........1,601,250 02/14/2002. 02/15/2012.<br />
88162F A* 6 TETRA TECHNOLOGIES INC SR NT................................................ ....... .. ........... ......2 ............5,793,600 ........96.999 ............5,819,940 ............6,000,000 ............5,830,688 .......................... .............37,088 ............................ .......................... ..........5.070 ..........6.200 MS..... .............76,895 ...........152,100 04/08/2008. 09/30/2011.<br />
88162F B@ 3 TETRA TECHNOLOGIES INC 2008-B............................................... ....... .. ........... ......2 ..........27,000,000 ........98.396 ..........26,566,920 ..........27,000,000 ..........27,000,000 .......................... .......................... ............................ .......................... ..........6.560 ..........6.560 AO...... ...........300,120 ...........885,600 04/30/2008. 04/30/2015.<br />
88163V AC 3 TEVA PHARMACEUTICAL FIN CO LLC............................................ ....... .. ........... .2FE ..........29,243,500 ........98.562 ..........29,568,600 ..........30,000,000 ..........29,401,683 .......................... .............66,217 ............................ .......................... ..........5.550 ..........5.897 FA...... ...........693,750 ........1,665,000 05/03/2007. 02/01/2016.<br />
88163V AD 1 TEVA PHARMACEUTICAL FIN CO LLC............................................ ....... .. ........... .2FE ..........19,199,900 ........98.864 ..........19,772,800 ..........20,000,000 ..........19,223,705 .......................... .............10,390 ............................ .......................... ..........6.150 ..........6.454 FA...... ...........512,500 ........1,230,000 01/24/2007. 02/01/2036.<br />
881685 AY 7 TEXACO CAPITAL DEB..................................................................... ....... .. ........... .1FE ............5,810,821 ......146.314 ............6,540,236 ............4,470,000 ............5,681,618 .......................... ............(22,318) ............................ .......................... ..........8.625 ..........6.342 AO...... .............96,384 ...........385,538 01/28/2002. 04/01/2032.<br />
88168L AG 1 TEXACO CAPITAL INC GTD MTN..................................................... ....... .. ........... .1FE ............7,954,350 ......139.175 ..........10,438,125 ............7,500,000 ............7,816,575 .......................... ............(14,766) ............................ .......................... ..........8.875 ..........8.316 AO...... ...........140,521 ...........665,625 01/08/1993. 02/15/2021.<br />
882440 AS 9 TEXAS GAS TRANSMISSION NTS................................................... ....... .. ........... .2FE ............5,748,420 ........83.610 ............5,016,600 ............6,000,000 ............5,840,471 .......................... .............20,536 ............................ .......................... ..........4.600 ..........5.092 JD...... .............23,000 ...........276,000 01/30/2004. 06/01/2015.<br />
883199 AQ 4 TEXTRON FINANCIAL CORP NT..................................................... ....... .. ........... .2FE ............4,975,550 ........93.404 ............4,670,200 ............5,000,000 ............4,996,295 .......................... ...............3,938 ............................ .......................... ..........6.000 ..........6.087 MN..... .............34,167 ...........300,000 11/15/2002. 11/20/2009.<br />
88319Q J2 0 TEXTRON FINANCIAL CORP MTN................................................... ....... .. ........... .2FE ............4,998,250 ........75.264 ............3,763,200 ............5,000,000 ............4,999,214 .......................... ..................347 ............................ .......................... ..........5.125 ..........5.133 FA...... ...........105,347 ...........256,250 01/31/2006. 02/03/2011.
E10.71<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
883199 B* 1 TEXTRON FINANCIAL CORP SER B S............................................. ....... .. ........... ......1 ..........11,368,421 ........77.681 ............8,831,103 ..........11,368,421 ..........11,368,421 .......................... .......................... ............................ .......................... ..........4.590 ..........4.590 MS..... ...........155,094 ...........260,905 03/14/2008. 09/14/2017.<br />
88319Q H2 2 TEXTRON FINANCIAL CORP SER E M............................................ ....... .. ........... .2FE ............9,998,600 ........86.676 ............8,667,600 ..........10,000,000 ............9,999,615 .......................... ..................272 ............................ .......................... ..........4.600 ..........4.603 MN..... .............74,111 ...........460,000 04/25/2005. 05/03/2010.<br />
883199 A@ 0 TEXTRON FINANCIAL CORP SR NTS.............................................. ....... .. ........... ......2 ..........10,526,316 ........94.445 ............9,941,579 ..........10,526,316 ..........10,526,316 .......................... .......................... ............................ .......................... ..........4.390 ..........4.390 JD...... ...............8,985 ...........462,105 06/24/2004. 12/24/2013.<br />
88319Q G5 6 TEXTRON FINANCIAL MTN............................................................... ....... .. ........... .2FE ............9,958,500 ........59.089 ............5,908,900 ..........10,000,000 ............9,973,920 .......................... ...............3,901 ............................ .......................... ..........5.125 ..........5.179 FA...... ...........193,611 ...........512,500 08/23/2004. 08/15/2014.<br />
883203 BH 3 TEXTRON INC NT............................................................................... ....... .. ........... .2FE ..........26,000,285 ........86.322 ..........21,278,373 ..........24,650,000 ..........25,241,189 .......................... ..........(154,086) ............................ .......................... ..........6.500 ..........5.712 JD...... ...........133,521 ........1,602,250 08/05/2004. 06/01/2012.<br />
87243B AB 5 TGT PIPELINE LLC GLOBAL BDS..................................................... ....... .. .........1 .2FE ..........11,458,920 ........77.716 ............9,325,920 ..........12,000,000 ..........11,602,188 .......................... .............31,222 ............................ .......................... ..........5.200 ..........5.659 JD...... .............52,000 ...........624,000 11/14/2003. 06/01/2018.<br />
88431Q AC 0 THOMAS & BETTS MTN.................................................................... ....... .. ........... .2FE ..........15,000,000 ......100.232 ..........15,034,800 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........6.390 ..........6.390 MS..... ...........319,500 ...........958,500 02/05/1999. 02/10/2009.<br />
884903 AY 1 THOMSON CORP BDS...................................................................... ....... I. .........1 .1FE ............9,892,600 ........74.914 ............7,491,400 ..........10,000,000 ............9,897,923 .......................... ...............1,644 ............................ .......................... ..........5.500 ..........5.574 FA...... ...........216,944 ...........550,000 08/02/2005. 08/15/2035.<br />
884903 AT 2 THOMSON CORP NT......................................................................... ....... .. .........1 .1FE ............8,806,077 ........90.936 ............7,797,762 ............8,575,000 ............8,704,447 .......................... ............(24,473) ............................ .......................... ..........5.250 ..........4.881 FA...... ...........170,071 ...........450,188 10/19/2004. 08/15/2013.<br />
884903 AU 9 THOMSON CORP NT......................................................................... ....... .. ........... .1FE ..........18,247,240 ........96.499 ..........17,369,820 ..........18,000,000 ..........18,068,257 .......................... ............(46,174) ............................ .......................... ..........4.750 ..........4.469 MN..... .............78,375 ...........855,000 10/21/2004. 05/28/2010.<br />
884903 AZ 8 THOMSON CORP SR NT................................................................... ....... .. ........... .1FE ..........17,880,560 ........90.649 ..........16,316,820 ..........18,000,000 ..........17,898,454 .......................... .............14,479 ............................ .......................... ..........5.700 ..........5.838 AO...... ...........256,500 ........1,023,150 09/27/2007. 10/01/2014.<br />
884903 AN 5 THOMSON CORPORATION NT........................................................ ....... .. ........... .1FE ..........40,541,787 ........95.803 ..........38,321,200 ..........40,000,000 ..........40,214,351 .......................... ............(63,220) ............................ .......................... ..........6.200 ..........6.002 JJ....... ........1,212,444 ........2,480,000 11/01/2006. 01/05/2012.<br />
884903 BA 2 THOMSON REUTERS CORP GTD NT.............................................. ....... .. ........... .1FE ............7,028,780 ........93.103 ............6,526,520 ............7,010,000 ............7,027,113 .......................... ..............(1,667) ............................ .......................... ..........5.950 ..........5.886 JJ....... ...........221,292 .......................... 06/20/2008. 07/15/2013.<br />
884903 BB 0 THOMSON RUETERS CORP GTD NT.............................................. ....... .. ........... .1FE ..........15,922,639 ........90.934 ..........14,563,080 ..........16,015,000 ..........15,925,711 .......................... ...............3,072 ............................ .......................... ..........6.500 ..........6.578 JJ....... ...........552,295 .......................... 10/17/2008. 07/15/2018.<br />
F9181# AA 0 THOMSON SER A SR NT................................................................... ....... F ........... ......4 ............4,000,000 ........88.944 ............3,557,760 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........4.130 ..........4.130 JD...... .............83,059 ...........165,200 06/30/2003. 06/30/2010.<br />
F9181# AG 7 THOMSON SER C SR NT.................................................................. ....... F ........... ......4 ..........40,000,000 ........97.061 ..........38,824,400 ..........40,000,000 ..........40,000,000 .......................... .......................... ............................ .......................... ..........6.330 ..........6.330 MN..... ...........309,467 ........2,532,000 05/17/2006. 05/17/2013.<br />
88642@ AA 5 TIDEWATER INC SER A SR NTS...................................................... ....... .. ........... ......1 ............5,000,000 ........99.135 ............4,956,750 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........3.910 ..........3.910 JJ....... .............82,001 ...........195,500 07/08/2003. 07/30/2010.<br />
88642@ AB 3 TIDEWATER INC SER B SR NTS...................................................... ....... .. ........... ......1 ............3,000,000 ........98.153 ............2,944,590 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........4.160 ..........4.160 JJ....... .............52,347 ...........124,800 07/08/2003. 07/30/2011.<br />
88642@ AD 9 TIDEWATER INC SER D SR NTS...................................................... ....... .. ........... ......1 ............5,000,000 ........96.444 ............4,822,200 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........4.440 ..........4.440 JJ....... .............93,117 ...........222,000 07/08/2003. 07/30/2013.<br />
88732J AN 8 TIME WARNER CABLE INC DB......................................................... ....... .. ........... .2FE ...................9,927 ......103.887 .................10,389 .................10,000 ...................9,927 .......................... .......................... ............................ .......................... ..........7.300 ..........7.360 JJ....... ..................389 .......................... 06/25/2008. 07/01/2038.<br />
88732J AG 3 TIME WARNER CABLE INC NT......................................................... ....... .. ........... .2FE .................12,885 ........93.375 .................13,073 .................14,000 .................12,894 .......................... ......................9 ............................ .......................... ..........5.400 ..........8.028 JJ....... ..................376 .......................... 12/15/2008. 07/02/2012.<br />
88732J AP 3 TIME WARNER CABLE INC NT......................................................... ....... .. ........... .2FE .................14,878 ......108.734 .................16,310 .................15,000 .................14,879 .......................... ......................1 ............................ .......................... ..........8.750 ..........8.875 FA...... ..................157 .......................... 11/14/2008. 02/14/2019.<br />
88732J AQ 1 TIME WARNER CABLE INC NT......................................................... ....... .. ........... .2FE .................24,962 ......101.447 .................25,362 .................25,000 .................24,963 .......................... ......................1 ............................ .......................... ..........8.250 ..........8.291 FA...... ..................246 .......................... 11/13/2008. 02/14/2014.<br />
88731E AF 7 TIME WARNER ENTERTAINMENT DB............................................. ....... .. ........... .2FE ............6,152,108 ......100.706 ............5,287,065 ............5,250,000 ............6,033,321 .......................... ............(34,519) ............................ .......................... ..........8.375 ..........6.689 MS..... ...........129,464 ...........439,688 06/30/2005. 03/15/2023.<br />
88731E AC 4 TIME WARNER ENTERTAINMENT NT............................................. ....... .. ........... .2FE ............4,997,280 ......103.077 ............4,123,080 ............4,000,000 ............4,311,206 .......................... ............(79,387) ............................ .......................... ........10.150 ..........7.470 MN..... .............67,667 ...........406,000 02/08/1996. 05/01/2012.<br />
88731E AJ 9 TIME WARNER ENTERTAINMENT SR B.......................................... ....... .. ........... .2FE ..........12,797,300 ......100.913 ..........14,127,820 ..........14,000,000 ..........12,893,241 .......................... .............11,589 ............................ .......................... ..........8.375 ..........9.189 JJ....... ...........540,653 ........1,172,500 07/10/1996. 07/15/2033.<br />
887315 AY 5 TIME WARNER INC CO GUARNT..................................................... ....... .. ........... .2FE ..........16,135,545 ........89.289 ..........13,592,464 ..........15,223,000 ..........15,925,031 .......................... ............(53,583) ............................ .......................... ..........6.875 ..........6.220 JD...... .............46,515 ........1,046,581 09/30/2004. 06/15/2018.<br />
887315 BN 8 TIME WARNER INC CO GUARNT..................................................... ....... .. .........1 .2FE ............3,299,190 ........88.679 ............2,660,370 ............3,000,000 ............3,274,637 .......................... ..............(6,877) ............................ .......................... ..........6.625 ..........5.851 MN..... .............25,396 ...........198,750 01/24/2005. 05/15/2029.<br />
887315 AZ 2 TIME WARNER INC STEP UP DB..................................................... ....... .. .........3 .2FE ............9,623,100 ........48.921 ..........29,352,600 ..........60,000,000 ..........29,259,091 .......................... ........2,513,605 ............................ .......................... ................... ..........4.695 JJ....... ....................21 .......................... 10/23/1996. 01/15/2036.<br />
887360 AT 2 TIMES MIRROR CO DB...................................................................... ....... .. ........... .6FE .................44,272 ..........2.000 .................44,300 ............2,215,000 .................44,300 .......................... ......................4 ...........2,125,852 .......................... ..........7.250 ..........7.400 MN..... .......................... ...........160,588 05/08/2002. 11/15/2096.<br />
887364 AB 3 TIMES MIRROR CO DB...................................................................... ....... .. ........... .6FE ...............423,873 ..........3.750 ...............393,750 ..........10,500,000 ...............393,749 .......................... ............(10,317) .........10,831,353 .......................... ..........7.500 ..........7.131 JJ....... ...........196,875 ...........787,500 04/20/2006. 07/01/2023.<br />
88739L AQ 9 TIMKEN CO MTN................................................................................ ....... .. ........... .2FE ..........10,468,900 ......121.391 ..........12,139,100 ..........10,000,000 ..........10,273,357 .......................... ............(26,411) ............................ .......................... ..........7.490 ..........7.020 FA...... ...........282,956 ...........749,000 02/12/1999. 08/08/2016.<br />
887389 AF 1 TIMKEN CO NT................................................................................... ....... .. .........1 .2FE ............4,533,410 ........98.843 ............4,447,935 ............4,500,000 ............4,506,277 .......................... ..............(5,261) ............................ .......................... ..........5.750 ..........5.620 FA...... .............97,750 ...........258,750 02/13/2003. 02/15/2010.<br />
872540 AH 2 TJX COMPANIES INC NT................................................................... ....... .. ........... .1FE ..........13,298,724 ......100.106 ..........11,562,243 ..........11,550,000 ..........11,826,237 .......................... ..........(275,084) ............................ .......................... ..........7.450 ..........4.865 JD...... .............38,243 ...........860,475 12/10/2002. 12/15/2009.<br />
87261G AB 1 TNK BP FIN S A SR 144A MTN.......................................................... ....... .. ........... .2FE ............7,970,080 ........52.000 ............4,160,000 ............8,000,000 ............7,975,503 .......................... ...............2,333 ............................ .......................... ..........7.500 ..........7.554 JJ....... ...........271,667 ...........600,000 07/13/2006. 07/18/2016.<br />
87261G AC 9 TNK BP FIN SA SR 144A MTN........................................................... ....... .. ........... .2FE ............6,991,320 ........64.000 ............4,480,000 ............7,000,000 ............6,994,113 .......................... ...............1,605 ............................ .......................... ..........6.125 ..........6.154 MS..... ...........120,288 ...........428,750 03/13/2007. 03/20/2012.<br />
87261G AD 7 TNK BP FIN SA SR 144A MTN........................................................... ....... .. ........... .2FE ..........24,817,090 ........48.000 ..........12,000,000 ..........25,000,000 ..........24,841,323 .......................... .............14,052 ............................ .......................... ..........6.625 ..........6.727 MS..... ...........464,670 ........1,656,250 04/11/2007. 03/20/2017.<br />
891027 AG 9 TORCHMARK CORP NT.................................................................... ....... .. ........... .1FE ............7,874,568 ........93.004 ............7,254,312 ............7,800,000 ............7,827,704 .......................... ..............(4,926) ............................ .......................... ..........7.375 ..........7.282 FA...... ...........239,688 ...........575,250 05/01/1998. 08/01/2013.<br />
891027 AF 1 TORCHMARK CORP SR NT.............................................................. ....... .. ........... .1FE ............6,149,829 ........79.858 ............5,031,054 ............6,300,000 ............6,179,950 .......................... ...............3,713 ............................ .......................... ..........7.875 ..........8.092 MN..... .............63,394 ...........496,125 10/17/1995. 05/15/2023.<br />
000000 00 0 TOYS R US TRNCH B TERM LOAN.................................................. ....... .. .......23 .4FE ............3,488,965 ........48.750 ............1,697,761 ............3,482,587 ............3,486,676 .......................... ..............(1,257) ............................ .......................... ..........6.960 ..........9.698 MON.. .............20,530 ...........286,622 07/19/2006. 07/19/2012.<br />
87277@ AC 5 TPF GENERATION HLDGS LLC LOC B............................................ ....... .. .......23 .3FE ...............452,937 ........82.000 ...............370,335 ...............451,628 ...............452,620 .......................... .................(171) ............................ .......................... ..........5.360 ..........7.311 MON.. ...............3,395 .............32,880 02/09/2007. 12/15/2013.<br />
000000 00 0 TPF GENERATION HLDGS LLC REVOL........................................... ....... .. .......23 .3FE ...............141,987 ........82.000 ...............116,092 ...............141,576 ...............141,883 .......................... ...................(58) ............................ .......................... ..........5.360 ..........7.311 MON.. ..................673 .............11,600 02/09/2007. 12/15/2013.<br />
87277@ AA 9 TPF GENERATION HLDGS LLC TRNCH.......................................... ....... .. .......23 .3FE ............2,134,451 ........82.000 ............1,745,140 ............2,128,220 ............2,132,961 .......................... .................(985) ............................ .......................... ..........4.800 ..........7.310 MON.. .............14,388 ...........162,935 02/09/2007. 12/15/2013.<br />
89352L AE 0 TRANSCANADA PIPELINES LTD BD................................................ ....... .. ........... .1FE ............4,714,440 ......100.070 ............5,003,500 ............5,000,000 ............4,997,549 .......................... .............40,405 ............................ .......................... ..........6.490 ..........7.348 MS..... .............90,139 ...........324,500 08/11/1999. 01/21/2009.<br />
89354F AA 9 TRANSCAPITALINVEST LTD 144A LN............................................. ....... .. ........... .2FE ..........20,300,000 ........64.764 ..........13,147,092 ..........20,300,000 ..........20,300,000 .......................... .......................... ............................ .......................... ..........5.670 ..........5.670 MS..... ...........370,881 ........1,151,010 02/23/2007. 03/05/2014.<br />
893830 AS 8 TRANSOCEAN INC SR NT................................................................. LS... .. ........... .2FE ............9,656,357 ........91.080 ............8,661,708 ............9,510,000 ............9,646,230 .......................... ............(10,128) ............................ .......................... ..........6.000 ..........5.797 MS..... ...........168,010 ...........433,833 12/19/2008. 03/15/2018.<br />
893817 AB 2 TRANSOCEAN OFFSHORE INC SR DB........................................... ....... .. ........... .2FE ............4,141,833 ......100.171 ............3,926,703 ............3,920,000 ............4,112,689 .......................... ..............(4,807) ............................ .......................... ..........8.000 ..........7.501 AO...... .............66,204 ...........313,600 05/03/2001. 04/15/2027.<br />
893830 AF 6 TRANSOCEAN SEDCO FOREX INC................................................. ....... .. ........... .2FE ............1,017,590 ........94.033 ...............940,330 ............1,000,000 ............1,015,920 .......................... .................(277) ............................ .......................... ..........7.500 ..........7.352 AO...... .............15,833 .............75,000 06/12/2001. 04/15/2031.<br />
893830 AK 5 TRANSOCEAN SEDCO FOREX INC................................................. ....... .. ........... .2FE ..........28,197,750 ........96.784 ..........26,305,891 ..........27,180,000 ..........27,987,336 .......................... ............(60,099) ............................ .......................... ..........7.375 ..........6.927 AO...... ...........423,177 ........2,004,525 02/13/2008. 04/15/2018.<br />
893830 AE 9 TRANSOCEAN SEDCO FOREX NT.................................................. ....... .. ........... .2FE ..........31,001,680 ......102.116 ..........30,634,800 ..........30,000,000 ..........30,339,517 .......................... ..........(136,966) ............................ .......................... ..........6.625 ..........6.081 AO...... ...........419,583 ........1,987,500 10/29/2003. 04/15/2011.<br />
Q9194# AA 3 TRANSURBAN FIN CO PTY TR-A 200.............................................. ....... F ........... ......1 ............7,643,262 ........96.124 ............7,930,230 ............8,250,000 ............7,684,951 .......................... .............26,856 ............................ .......................... ..........5.020 ..........5.020 JD...... .............27,610 ...........414,150 12/07/2004. 12/07/2014.<br />
Q9194# AC 9 TRANSURBAN FIN CO PTY TR-C 200.............................................. ....... F ........... .1FE ..........11,800,000 ........86.817 ..........10,244,406 ..........11,800,000 ..........11,800,000 .......................... .......................... ............................ .......................... ..........5.470 ..........5.470 JD...... .............43,031 ...........645,460 12/07/2004. 12/07/2019.<br />
89407# AB 4 TRANSWESTERN PIPELINE SERIES B........................................... ....... .. ........... ......2 ............4,000,000 ........88.025 ............3,521,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........5.540 ..........5.540 MN..... .............28,316 ...........221,600 11/17/2004. 11/17/2016.
E10.72<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
89417E AC 3 TRAVELERS COS INC SR MTN........................................................ ....... .. ........... .1FE ............3,879,639 ........96.150 ............3,846,000 ............4,000,000 ............3,892,529 .......................... ...............8,769 ............................ .......................... ..........5.750 ..........6.082 JD...... .............10,222 ...........230,000 06/28/2007. 12/15/2017.<br />
8941A0 AA 3 TRAVELERS LIFE & ANNUITY GLBL................................................ ....... .. ........... .1FE ............6,923,910 ........88.842 ............6,218,940 ............7,000,000 ............6,946,058 .......................... ...............8,040 ............................ .......................... ..........5.125 ..........5.285 FA...... ...........135,528 ...........358,750 02/06/2006. 08/15/2014.<br />
89420G AE 9 TRAVELERS PROPERTY CASUALTY CO....................................... ....... .. ........... .1FE ............3,971,740 ........94.638 ............3,785,520 ............4,000,000 ............3,973,944 .......................... ..................441 ............................ .......................... ..........6.375 ..........6.428 MS..... .............75,083 ...........255,000 03/27/2003. 03/15/2033.<br />
89420G AJ 8 TRAVELERS PROPERTY CASUALTY CO....................................... ....... .. ........... .1FE ..........13,311,567 ........94.605 ..........12,582,465 ..........13,300,000 ..........13,305,442 .......................... ..............(1,151) ............................ .......................... ..........5.000 ..........4.989 MS..... ...........195,806 ...........665,000 03/27/2003. 03/15/2013.<br />
000000 00 0 TRIBUNE COMPANY TRNCH B TERM L.......................................... ....... .. .......23 .6FE ............2,247,590 ........28.500 ............2,251,500 ............7,900,000 ............2,251,500 .......................... ...............4,471 ...........5,596,677 .......................... ..........5.541 ..........8.871 MON.. .......................... ...........423,705 05/17/2007. 12/31/2014.<br />
000000 00 0 TRIBUNE COMPANY TRNCH X TERM L.......................................... ....... .. .......23 .6FE ...............583,680 ........28.500 ...............583,680 ............2,048,000 ...............583,680 .......................... .......................... ...........1,464,320 .......................... ..........5.541 ..........7.860 MON.. ...............9,612 ...........143,754 05/17/2007. 05/17/2009.<br />
896215 AC 4 TRIMAS CORP SR SB NT................................................................. ....... .. .........1 .5FE ............3,100,055 ........50.000 ............1,925,500 ............3,851,000 ............3,391,688 .......................... .............96,620 ............................ .......................... ..........9.875 ........14.369 JD...... .............16,902 ...........380,286 05/31/2005. 06/15/2012.<br />
89653Q A# 2 TRINITY MIRROR PLC SER B SR NT............................................... ....... F ........... ......2 ..........13,000,000 ........96.791 ..........12,582,830 ..........13,000,000 ..........13,000,000 .......................... .......................... ............................ .......................... ..........7.040 ..........7.040 AO...... ...........170,329 ...........915,200 10/24/2001. 10/24/2011.<br />
G8967# AF 0 TRITON CONTAINER INTL SR SEC 2............................................... ....... F ........... .2FE ..........40,000,000 ........99.680 ..........39,872,000 ..........40,000,000 ..........40,000,000 .......................... .......................... ............................ .......................... ..........7.660 ..........7.660 MS..... ...........885,156 .......................... 09/17/2008. 09/30/2018.<br />
897053 AB 0 TRONOX WORLDWIDE LLC.............................................................. ....... .. .........1 .6FE ............................. ................... ............................. ............................. ............................. .......................... .......................... ............................ .......................... ................... ................... ........... ...........103,313 .......................... 12/14/2005. 12/01/2012.<br />
89732# AA 2 TROY CHEMICAL CORP INC AMENDED......................................... ....... .. ........... ......3 ..........10,000,000 ........89.021 ............8,902,100 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.710 ..........5.710 FA...... ...........225,228 ...........571,000 08/09/2005. 08/09/2012.<br />
89838@ AA 7 TRSTEES EST JAMES CAMPBELL SER.......................................... ....... .. ........... ......1 ............1,000,000 ........85.170 ...............851,700 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........5.170 ..........5.170 JD...... ..................144 .............77,550 09/30/2004. 09/30/2011.<br />
89838@ AC 3 TRSTEES EST JAMES CAMPBELL SER.......................................... ....... .. ........... ......1 ..........15,000,000 ........66.434 ............9,965,100 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........5.770 ..........5.770 JD...... ...............2,404 ........1,298,250 09/30/2004. 09/30/2016.<br />
89838@ AB 5 TRSTES EST JAMES CAMPBELL SER............................................ ....... .. ........... ......1 ..........27,000,000 ........73.441 ..........19,829,070 ..........27,000,000 ..........27,000,000 .......................... .......................... ............................ .......................... ..........5.580 ..........5.580 JD...... ...............4,185 ........2,259,900 09/30/2004. 09/30/2014.<br />
87275* AA 3 TRT HLDGS SER A SR SEC NT........................................................ ....... .. ........... ......2 ............9,800,000 ........91.986 ............9,014,628 ............9,800,000 ............9,800,000 .......................... .......................... ............................ .......................... ..........5.240 ..........5.240 MN..... .............77,028 ...........513,520 11/07/2003. 11/07/2010.<br />
87275* AC 9 TRT HOLDINGS INC SER C SR SEC................................................ ....... .. ........... ......2 ..........10,000,000 ........90.390 ............9,039,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.010 ..........6.010 MN..... .............70,117 ...........601,000 05/19/2006. 05/19/2016.<br />
89784V AA 4 TRUE MOVE CO LTD 144A NT.......................................................... ....... .. ........... .4FE ............7,034,460 ........37.000 ............2,590,000 ............7,000,000 ............7,028,373 .......................... ..............(4,351) ............................ .......................... ........10.750 ........10.640 JD...... .............33,444 ...........752,500 03/21/2007. 12/16/2013.<br />
872649 BG 2 TRW INC NT........................................................................................ LS... .. ........... .2FE ............2,358,375 ......101.171 ............2,529,275 ............2,500,000 ............2,491,165 .......................... .............19,928 ............................ .......................... ..........7.125 ..........7.996 JD...... .............14,844 ...........178,125 02/01/2000. 06/01/2009.<br />
87265C AU 4 TRW INC SR MTN............................................................................... ....... .. ........... .2FE ............3,831,075 ......142.199 ............5,332,463 ............3,750,000 ............3,808,439 .......................... ..............(2,495) ............................ .......................... ..........9.375 ..........9.160 AO...... .............74,219 ...........351,563 03/17/1992. 04/15/2021.<br />
872649 AP 3 TRW INC SR NTS............................................................................... ....... .. ........... .2FE ............5,961,791 ........99.485 ............6,018,843 ............6,050,000 ............6,039,443 .......................... ...............9,501 ............................ .......................... ..........6.250 ..........6.427 JJ....... ...........174,358 ...........378,125 02/09/1998. 01/15/2010.<br />
87305N AV 0 TTS PTC 04-A1 EQUIP TR................................................................. ....... .. ........... ......1 ............2,328,822 ........88.000 ............2,049,364 ............2,328,822 ............2,328,822 .......................... .......................... ............................ .......................... ..........5.453 ..........5.453 JJ....... .............63,143 ...........126,991 07/22/2004. 01/02/2022.<br />
87305Q BZ 3 TTX CO BDS144A W/O RR............................................................... ....... .. ........... .2FE ..........14,962,950 ........97.156 ..........14,573,400 ..........15,000,000 ..........14,971,919 .......................... ...............3,151 ............................ .......................... ..........5.400 ..........5.432 FA...... ...........306,000 ...........810,000 11/21/2005. 02/15/2016.<br />
87305Q BT 7 TTX CO NTS 144A W/O RR.............................................................. ....... .. ........... .2FE ..........19,971,600 ........96.949 ..........19,389,800 ..........20,000,000 ..........19,983,750 .......................... ...............2,703 ............................ .......................... ..........4.850 ..........4.868 MS..... ...........323,333 ...........970,000 02/23/2004. 03/01/2014.<br />
87305Q BU 4 TTX CO NTS 144A W/O RR.............................................................. ....... .. ........... .2FE ..........19,980,400 ......100.563 ..........20,112,600 ..........20,000,000 ..........19,987,967 .......................... ...............1,851 ............................ .......................... ..........5.625 ..........5.638 JD...... .............93,750 ........1,125,000 06/01/2004. 06/01/2014.<br />
87305Q BY 6 TTX CO 144A MTN............................................................................. ....... .. ........... .2FE ..........12,955,800 ........98.309 ..........12,780,170 ..........13,000,000 ..........12,966,307 .......................... ...............3,125 ............................ .......................... ..........5.000 ..........5.038 JD...... .............28,889 ...........650,000 06/06/2005. 06/15/2017.<br />
87305N AS 7 TTX CO 98-A PASS THRU TR 144A.................................................. ....... .. ........... .1FE ..........11,944,544 ........88.000 ..........10,511,199 ..........11,944,544 ..........11,944,544 .......................... .......................... ............................ .......................... ..........6.910 ..........6.910 JJ....... ...........380,586 ...........826,317 06/19/1998. 01/15/2021.<br />
89989E AG 2 TURANALEM FIN BV GTD 144A NT.................................................. ....... .. ........... .3FE ............1,584,843 ........40.000 ............1,600,000 ............4,000,000 ............1,600,000 .......................... ...............4,989 ...........2,362,357 .......................... ..........7.750 ..........8.000 AO...... .......................... ...........310,000 04/12/2006. 04/25/2013.<br />
89464# AA 6 TWO LLC SR SEC.............................................................................. ....... .. ........... ......2 ..........18,560,621 ........98.634 ..........17,983,282 ..........18,232,335 ..........18,232,335 .......................... ..........(153,750) ............................ .......................... ..........6.800 ..........6.537 MON.. ...............3,444 ........1,313,141 09/25/2007. 06/30/2018.<br />
873144 AA 7 TXU AUSTRALIA HLDGS PTY LTD GT............................................. ....... .. ........... .1FE ..........32,160,490 ......100.211 ..........30,063,300 ..........30,000,000 ..........31,270,213 .......................... ..........(225,211) ............................ .......................... ..........6.150 ..........5.153 MN..... ...........235,750 ........1,845,000 11/10/2004. 11/15/2013.<br />
873168 AN 8 TXU CORP SER Q SR NT.................................................................. ....... .. ........... .5FE ............4,826,550 ........35.379 ............1,768,950 ............5,000,000 ............4,843,318 .......................... ...............5,346 ............................ .......................... ..........6.500 ..........6.825 MN..... .............41,528 ...........325,000 08/04/2005. 11/15/2024.<br />
902133 AF 4 TYCO ELECTRONICS GRP GTD GLBL............................................ ....... .. ........... .2FE .................30,756 ........84.040 .................33,616 .................40,000 .................30,780 .......................... ....................23 ............................ .......................... ..........6.550 ........10.662 AO...... ..................655 .......................... 12/12/2008. 10/01/2017.<br />
902118 AK 4 TYCO INTL GROUP SA...................................................................... ....... F ........... .2FE ............4,041,213 ........72.524 ............2,900,960 ............4,000,000 ............4,035,362 .......................... .................(820) ............................ .......................... ..........6.875 ..........6.794 JJ....... ...........126,806 ...........275,000 02/24/1999. 01/15/2029.<br />
902118 AJ 7 TYCO INTL GROUP SA GTD NT....................................................... ....... .. ........... .2FE ...............646,100 ........99.868 ...............699,076 ...............700,000 ...............699,674 .......................... ...............7,541 ............................ .......................... ..........6.125 ..........7.266 JJ....... .............19,770 .............42,875 08/05/1999. 01/15/2009.<br />
902494 AM 5 TYSON FOODS INC SER NT............................................................. ....... .. ........... .3FE ..........14,620,410 ........89.000 ..........11,837,000 ..........13,300,000 ..........13,804,989 .......................... ..........(164,082) ............................ .......................... ..........8.250 ..........6.705 AO...... ...........274,313 ........1,097,250 07/16/2003. 10/01/2011.<br />
902494 AN 3 TYSON FOODS INC SR NT............................................................... ....... .. .........3 .3FE ..........10,458,000 ........74.000 ............7,400,000 ..........10,000,000 ..........10,392,048 .......................... ............(41,367) ............................ .......................... ..........6.850 ..........5.927 AO...... ...........183,750 ...........710,000 05/14/2007. 04/01/2016.<br />
90263M AE 4 UBS LUXEMBOURG SA 144A NT..................................................... ....... .. ........... .3FE ............2,000,000 ........54.000 ............1,080,000 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........8.250 ..........8.250 MN..... .............17,417 ...........165,000 05/05/2006. 05/23/2016.<br />
90347X AB 6 UCAR INTERNATIONAL INC CO GUAR........................................... ....... .. .........1 .3FE .................38,238 ........91.000 .................41,860 .................46,000 .................42,245 .......................... ...............2,797 ............................ .......................... ........10.250 ........13.542 FA...... ...............1,782 ...............4,715 01/30/2003. 02/15/2012.<br />
902671 AA 4 UFJ FINANCE ARUBA AEC GLBL NT............................................... ....... .. ........... .1FE ..........37,403,500 ........97.740 ..........36,163,800 ..........37,000,000 ..........37,217,294 .......................... ............(40,169) ............................ .......................... ..........6.750 ..........6.597 JJ....... ........1,151,625 ........2,497,500 10/27/2003. 07/15/2013.<br />
904000 AA 4 ULTRAMAR DIAMOND SHAMROCK CORP..................................... ....... .. ........... .2FE ............8,797,738 ........93.768 ............7,970,280 ............8,500,000 ............8,711,388 .......................... ............(17,541) ............................ .......................... ..........7.200 ..........6.814 AO...... ...........129,200 ...........612,000 03/28/2003. 10/15/2017.<br />
904000 AB 2 ULTRAMAR DIAMOND SHAMROCK SR N....................................... ....... .. ........... .2FE ..........10,478,230 ......100.064 ..........11,007,040 ..........11,000,000 ..........10,512,030 .......................... ...............4,837 ............................ .......................... ..........6.750 ..........7.112 AO...... ...........156,750 ...........742,500 02/23/2000. 10/15/2037.<br />
90477# AA 9 UNIFIRST CORP SER A SR NT......................................................... ....... .. ........... ......2 ............8,676,090 ........98.016 ............8,821,440 ............9,000,000 ............8,676,090 .......................... .......................... ............................ .......................... ..........5.270 ..........5.270 JD...... .............22,398 ...........474,300 06/14/2004. 06/14/2011.<br />
904764 AH 0 UNILEVER CAPITAL CORP BD......................................................... ....... .. ........... .1FE ..........41,042,790 ........99.902 ..........40,959,820 ..........41,000,000 ..........41,039,154 .......................... ..............(1,198) ............................ .......................... ..........5.900 ..........5.891 MN..... ...........309,094 ........2,419,000 05/06/2004. 11/15/2032.<br />
904764 AG 2 UNILEVER CAPITAL CORP GBL NT................................................. ....... .. ........... .1FE ..........10,979,600 ......106.944 ..........11,763,840 ..........11,000,000 ..........11,011,996 .......................... ..............(6,382) ............................ .......................... ..........7.125 ..........7.058 MN..... ...........130,625 ...........783,750 11/01/2006. 11/01/2010.<br />
L8819J AD 1 UNION DE BANQUES SUISSES LUX S............................................ ....... F ........... .3FE ............2,150,147 ........55.535 ............1,110,700 ............2,000,000 ............2,120,599 .......................... ............(11,987) ............................ .......................... ..........8.250 ..........7.185 MN..... .............17,417 ...........165,000 05/22/2006. 05/23/2016.<br />
907834 AG 0 UNION PAC RES GROUP INC DB..................................................... ....... .. ........... .2FE ............5,100,950 ........86.680 ............4,334,000 ............5,000,000 ............5,098,020 .......................... ..............(2,344) ............................ .......................... ..........7.150 ..........6.963 MN..... .............45,681 ...........357,500 09/21/2007. 05/15/2028.<br />
907821 S9 4 UNION PAC RR CO (BNY MIDWEST T............................................. ....... .. ........... ......1 ............1,563,719 ........98.599 ............1,541,811 ............1,563,719 ............1,563,719 .......................... .......................... ............................ .......................... ..........3.860 ..........3.860 MS..... .............15,425 .............60,360 12/29/2004. 09/29/2012.<br />
907821 T2 8 UNION PAC RR CO (BNY MIDWEST T............................................. ....... .. ........... ......1 ...............998,660 ........98.611 ...............984,789 ...............998,660 ...............998,660 .......................... .......................... ............................ .......................... ..........3.860 ..........3.860 MS..... ...............9,851 .............38,548 12/29/2004. 09/29/2012.<br />
907818 CS 5 UNION PACIFIC CO DEBS................................................................. ....... .. .........1 .2FE ............9,070,200 ........79.856 ............7,985,600 ..........10,000,000 ............9,138,168 .......................... .............15,160 ............................ .......................... ..........5.375 ..........6.056 JD...... .............44,792 ...........537,500 01/06/2004. 06/01/2033.<br />
907818 CU 0 UNION PACIFIC CO NTS................................................................... ....... .. .........1 .2FE ..........13,568,540 ........94.228 ..........12,249,640 ..........13,000,000 ..........13,536,090 .......................... ..............(9,645) ............................ .......................... ..........6.250 ..........5.929 MN..... ...........135,417 ...........812,500 02/18/2005. 05/01/2034.<br />
90783Q AA 4 UNION PACIFIC CO 2004 2 PSTHR.................................................. ....... .. ........... .2FE ............3,000,000 ........94.143 ............2,824,290 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.214 ..........5.214 MS..... .............39,540 ...........156,420 09/28/2004. 09/30/2014.<br />
907818 AZ 1 UNION PACIFIC CORP SR DB.......................................................... ....... .. ........... .2FE ............8,703,054 ......103.897 ............8,311,760 ............8,000,000 ............8,516,134 .......................... ............(58,166) ............................ .......................... ..........7.000 ..........5.864 FA...... ...........233,333 ...........560,000 01/19/2007. 02/01/2016.<br />
90781# AG 7 UNION PACIFIC RAILROAD TR SER................................................ ....... .. ........... ......1 ............4,434,999 ........97.076 ............4,305,319 ............4,434,999 ............4,434,999 .......................... .......................... ............................ .......................... ..........4.400 ..........4.400 JJ....... .............89,439 .............53,663 04/07/2008. 01/16/2016.<br />
90781# AF 9 UNION PACIFIC RAILROADTR SER 2.............................................. ....... .. ........... ......1 ............6,500,000 ........97.357 ............6,328,205 ............6,500,000 ............6,500,000 .......................... .......................... ............................ .......................... ..........4.200 ..........4.200 AO...... .............46,258 ...........136,500 04/30/2008. 04/30/2015.<br />
907834 AJ 4 UNION PACIFIC RESOURCE GROUP I............................................ ....... .. ........... .2FE ............1,165,512 ........93.340 ...............989,404 ............1,060,000 ............1,154,004 .......................... ..............(2,026) ............................ .......................... ..........7.950 ..........7.116 AO...... .............17,790 .............84,270 01/24/2002. 04/15/2029.
E10.73<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
907834 AB 1 UNION PACIFIC RESOURCES DB.................................................... ....... .. ........... .2FE ..........14,698,320 ........89.223 ..........12,491,220 ..........14,000,000 ..........14,607,899 .......................... ............(16,711) ............................ .......................... ..........7.500 ..........7.066 AO...... ...........221,667 ........1,050,000 06/27/2002. 10/15/2026.<br />
907833 AE 7 UNION PACIFIC RR CO SER 1998-A................................................ ....... .. ........... .1FE ............1,539,941 ......108.460 ............1,465,156 ............1,350,872 ............1,430,702 .......................... ............(17,293) ............................ .......................... ..........6.700 ..........5.151 FA...... .............32,181 .............90,508 09/03/2002. 02/23/2019.<br />
907833 AJ 6 UNION PACIFIC RR CO 2000-1 PST................................................. ....... .. ........... .1FE ............4,926,746 ......116.715 ............4,803,590 ............4,115,657 ............4,564,077 .......................... ............(66,435) ............................ .......................... ..........8.000 ..........5.725 JJ....... ...........156,395 ...........329,254 07/24/2002. 01/10/2021.<br />
90783S AA 0 UNION PACIFIC RR CO 2003-1 PST................................................. ....... .. ........... .1FE ............7,531,054 ........98.006 ............7,341,645 ............7,491,015 ............7,513,845 .......................... ..............(2,519) ............................ .......................... ..........4.698 ..........4.649 JJ....... ...........174,986 ...........351,928 05/08/2003. 01/02/2024.<br />
907833 AH 0 UNION PACIFIC RR CO 99-A PSTHR............................................... ....... .. ........... .1FE ............6,379,320 ......115.835 ............6,134,662 ............5,296,035 ............5,903,994 .......................... ............(85,029) ............................ .......................... ..........7.600 ..........5.685 JJ....... ...........200,131 ...........402,499 11/19/2002. 01/02/2020.<br />
908068 AH 2 UNION PLANTERS CORP NT............................................................ ....... .. ........... .1FE ..........47,268,716 ........93.911 ..........44,436,807 ..........47,318,000 ..........47,304,055 .......................... ...............6,779 ............................ .......................... ..........4.375 ..........4.391 JD...... ...........172,514 ........2,070,163 09/14/2004. 12/01/2010.<br />
908068 AG 4 UNION PLANTERS CORP SB NT...................................................... ....... .. ........... .1FE ..........36,194,570 ........95.765 ..........32,627,136 ..........34,070,000 ..........34,766,080 .......................... ..........(292,157) ............................ .......................... ..........7.750 ..........6.715 MS..... ...........880,142 ........2,640,425 06/20/2005. 03/01/2011.<br />
908594 AB 0 UNION TANK CAR COMPANY SR NTS............................................ ....... .. ........... ......1 ............6,000,000 ......108.125 ............6,487,500 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........5.640 ..........5.640 JD...... .............28,200 ...........338,400 06/08/2004. 06/01/2019.<br />
908594 AA 2 UNION TANK CAR COMPANY SR SEC............................................ ....... .. .........1 .1FE ..........15,267,504 ......105.577 ..........15,889,339 ..........15,050,000 ..........15,092,021 .......................... ............(29,304) ............................ .......................... ..........6.790 ..........6.568 MN..... ...........170,316 ........1,021,895 11/02/2001. 05/01/2010.<br />
908594 A* 5 UNION TANK CAR COMPANY SR SEC'........................................... ....... .. ........... ......1 ............3,567,412 ........96.040 ............3,426,142 ............3,567,412 ............3,567,412 .......................... .......................... ............................ .......................... ..........6.820 ..........6.820 JD...... .............20,275 ...........243,298 06/14/2001. 06/01/2016.<br />
908584 DG 7 UNION TANK CAR ETC 24................................................................. ....... .. ........... .1FE ............1,441,861 ........88.000 ............1,292,474 ............1,468,720 ............1,468,127 .......................... ...............4,539 ............................ .......................... ..........6.600 ..........6.798 FA...... .............36,620 .............96,936 03/24/1994. 02/15/2009.<br />
908587 AE 8 UNION TANK CAR PTC 98-A............................................................. ....... .. ........... .1FE ............5,854,846 ......108.756 ............6,342,299 ............5,831,677 ............5,829,264 .......................... ..................801 ............................ .......................... ..........6.570 ..........6.585 JJ....... ...........190,506 ...........383,139 03/26/1998. 01/02/2014.<br />
908594 AC 8 UNION TANK CAR SR NTS................................................................ ....... .. ........... ......1 ..........20,000,000 ........88.000 ..........17,600,000 ..........20,000,000 ..........20,000,000 .......................... .......................... ............................ .......................... ..........4.710 ..........4.710 MN..... ...........120,367 ...........942,000 06/16/2005. 05/15/2020.<br />
904851 AA 0 UNIONBANCAL CORP NTS............................................................... ....... .. ........... .1FE ..........24,998,750 ........85.184 ..........21,296,000 ..........25,000,000 ..........24,999,459 .......................... ....................75 ............................ .......................... ..........5.250 ..........5.251 JD...... .............54,688 ........1,312,500 12/04/2003. 12/16/2013.<br />
909283 AB 9 UNITED AIR LINES INC SER 91-A2................................................... ....... .. .........2 ......6 .................87,220 ........47.500 ...............162,853 ...............342,848 .................72,866 .......................... .......................... ............................ .......................... ........10.020 ..........9.557 MS..... .......................... .......................... 04/30/1992. 03/22/2014.<br />
909279 AQ 4 UNITED AIR LINES INC SER 91E E.................................................. ....... .. ........... ......6 ...............114,990 ................... ............................. ............1,911,248 ............................. ......................2 .......................... ............................ .......................... ........10.360 ..........9.551 MN..... .......................... .......................... 04/30/1992. 11/27/2012.<br />
909279 R# 0 UNITED AIRLINES INC TRNCH B TE................................................ ....... .. .......23 .4FE ............4,261,898 ........49.000 ............2,079,233 ............4,243,333 ............4,261,828 .......................... ..............(3,752) ............................ .......................... ..........4.875 ..........7.060 MON.. .............10,920 ...........234,996 02/01/2007. 02/01/2014.<br />
91019P CJ 9 UNITED DOMINION REALTY TR MTN.............................................. ....... .. ........... .2FE ..........25,620,250 ........63.995 ..........15,998,750 ..........25,000,000 ..........25,354,787 .......................... ............(60,820) ............................ .......................... ..........5.130 ..........4.810 AO...... ...........270,750 ........1,282,500 03/15/2004. 01/15/2014.<br />
91019P CP 5 UNITED DOMINION REALTY TR SR N............................................. LS... .. .........1 .2FE ............7,485,815 ........64.673 ............4,850,475 ............7,500,000 ............7,491,668 .......................... ...............1,143 ............................ .......................... ..........5.250 ..........5.274 JJ....... ...........181,563 ...........393,750 10/29/2004. 01/15/2015.<br />
91055@ AC 5 UNITED GROUP INV PARTNERSHIP S............................................ ....... .. ........... ......2 ..........23,000,000 ........94.944 ..........21,837,120 ..........23,000,000 ..........23,000,000 .......................... .......................... ............................ .......................... ..........6.910 ..........6.910 JD...... .............30,903 ...........794,650 06/24/2008. 06/24/2018.<br />
91324P AP 7 UNITED HEALTH GROUP INC NT..................................................... ....... .. ........... .1FE .................19,198 ........94.026 .................18,805 .................20,000 .................19,251 .......................... ....................53 ............................ .......................... ..........5.250 ..........7.109 MS..... ..................309 .......................... 10/24/2008. 03/15/2011.<br />
911271 AA 2 UNITED OVERSEAS BANK LTD 144A.............................................. ....... .. ........... .1FE ..........36,138,839 ........92.148 ..........33,910,464 ..........36,800,000 ..........36,421,685 .......................... .............72,592 ............................ .......................... ..........4.500 ..........4.753 JJ....... ...........823,400 ........1,656,000 08/16/2004. 07/02/2013.<br />
911312 AJ 5 UNITED PARCEL SERVICE INC SR N.............................................. ....... .. ........... .1FE ..........14,288,005 ......110.245 ..........15,467,374 ..........14,030,000 ..........14,287,000 .......................... ..............(1,004) ............................ .......................... ..........6.200 ..........6.064 JJ....... ...........401,102 .......................... 09/05/2008. 01/15/2038.<br />
911365 AN 4 UNITED RENTALS INC CO GUARNT................................................ ....... .. .........1 .3FE ............1,262,625 ........79.000 ............1,027,000 ............1,300,000 ............1,279,809 .......................... ...............5,583 ............................ .......................... ..........6.500 ..........7.064 FA...... .............31,922 .............84,500 12/07/2005. 02/15/2012.<br />
91213L AH 8 UNITED STATES LEASING INTL INC............................................... ....... .. ........... .5FE ............3,853,362 ........42.497 ............2,124,850 ............5,000,000 ............4,423,639 .......................... ...........175,139 ............................ .......................... ..........6.125 ..........7.243 FA...... ...........127,604 ...........306,250 02/11/1997. 09/06/2011.<br />
912909 AC 2 UNITED STATES STL CORP SR NT................................................. ....... .. ........... .2FE ..........13,347,190 ........65.382 ............8,826,570 ..........13,500,000 ..........13,361,545 .......................... .............11,901 ............................ .......................... ..........6.050 ..........6.206 JD...... .............68,063 ...........816,750 10/04/2007. 06/01/2017.<br />
913017 BA 6 UNITED TECHNOLOGIES CORP DB................................................ ....... .. ........... .1FE ..........17,991,137 ......120.592 ..........19,258,542 ..........15,970,000 ..........17,888,270 .......................... ............(28,528) ............................ .......................... ..........7.500 ..........6.335 MS..... ...........352,671 ...........861,375 07/11/2008. 09/15/2029.<br />
913017 BC 2 UNITED TECHNOLOGIES CORP NT................................................ ....... .. ........... .1FE ............5,209,208 ......106.492 ............5,058,370 ............4,750,000 ............4,869,952 .......................... ............(59,037) ............................ .......................... ..........7.125 ..........5.684 MN..... .............43,245 ...........338,438 07/17/2002. 11/15/2010.<br />
913017 BD 0 UNITED TECHNOLOGIES CORP NT................................................ LS... .. ........... .1FE ..........10,998,146 ......105.735 ..........10,573,500 ..........10,000,000 ..........10,322,776 .......................... ..........(138,114) ............................ .......................... ..........6.350 ..........4.764 MS..... ...........211,667 ...........635,000 08/19/2003. 03/01/2011.<br />
913017 BF 5 UNITED TECHNOLOGIES CORP NT................................................ ....... .. ........... .1FE ..........16,984,581 ......106.372 ..........16,620,625 ..........15,625,000 ..........16,212,794 .......................... ..........(156,830) ............................ .......................... ..........6.100 ..........4.875 MN..... ...........121,788 ...........953,125 09/22/2003. 05/15/2012.<br />
913017 BH 1 UNITED TECHNOLOGIES CORP NT................................................ ....... .. ........... .1FE ..........11,932,440 ........97.478 ..........11,697,360 ..........12,000,000 ..........11,953,532 .......................... ...............6,107 ............................ .......................... ..........4.875 ..........4.947 MN..... .............97,500 ...........585,000 04/26/2005. 05/01/2015.<br />
913017 BQ 1 UNITED TECHNOLOGIES CORP NT................................................ ....... .. ........... .1FE ............6,000,264 ......106.603 ............6,406,840 ............6,010,000 ............6,000,287 .......................... ....................23 ............................ .......................... ..........6.125 ..........6.145 FA...... .............13,293 .......................... 12/15/2008. 02/01/2019.<br />
913017 AT 6 UNITED TECHNOLOGIES CORP NTS.............................................. ....... .. ........... .1FE ............7,401,060 ......112.109 ............7,847,630 ............7,000,000 ............7,361,867 .......................... ............(10,543) ............................ .......................... ..........6.700 ..........6.223 FA...... ...........195,417 ...........469,000 11/04/2003. 08/01/2028.<br />
913017 AW 9 UNITED TECHNOLOGIES CORP NTS.............................................. ....... .. .........1 .1FE ............4,713,500 ......101.382 ............4,344,219 ............4,285,000 ............4,316,273 .......................... ............(72,135) ............................ .......................... ..........6.500 ..........4.721 JD...... .............23,210 ...........278,525 10/17/2002. 06/01/2009.<br />
91374* AN 7 UNITED TELEPHONE NORTHWEST SER....................................... ....... .. ........... ......2 ............3,039,000 ........89.098 ............2,707,688 ............3,039,000 ............3,039,000 .......................... .......................... ............................ .......................... ..........8.770 ..........8.770 FA...... ...........111,050 ...........266,520 09/22/1992. 08/01/2017.<br />
91311Q AE 5 UNITED UTILITIES PLC BD............................................................... ....... .. ........... .2FE ..........24,910,150 ........78.555 ..........19,638,750 ..........25,000,000 ..........24,932,262 .......................... ...............4,934 ............................ .......................... ..........5.375 ..........5.410 FA...... ...........559,896 ........1,343,750 02/19/2004. 02/01/2019.<br />
91311Q AC 9 UNITED UTILITIES PLC NT................................................................ ....... .. ........... .2FE ..........53,466,443 ........78.395 ..........41,627,745 ..........53,100,000 ..........53,445,403 .......................... ............(11,536) ............................ .......................... ..........6.875 ..........6.808 FA...... ........1,379,125 ........3,650,625 02/19/2004. 08/15/2028.<br />
91324P AR 3 UNITEDHEALTH GROUP INC BD...................................................... ....... .. ........... .1FE ..........13,426,272 ........76.189 ..........10,308,372 ..........13,530,000 ..........13,429,995 .......................... ...............1,398 ............................ .......................... ..........5.800 ..........5.854 MS..... ...........231,062 ...........783,145 12/18/2008. 03/15/2036.<br />
91324P BA 9 UNITEDHEALTH GROUP INC BD...................................................... ....... .. ........... .1FE ...............903,666 ........91.128 ...............829,265 ...............910,000 ...............904,529 .......................... ..................861 ............................ .......................... ..........5.500 ..........5.674 MN..... ...............6,395 .............49,494 04/17/2008. 11/15/2012.<br />
91324P BJ 0 UNITEDHEALTH GROUP INC BD...................................................... ....... .. ........... .1FE ..........14,486,805 ........92.263 ..........13,378,135 ..........14,500,000 ..........14,487,694 .......................... ..................889 ............................ .......................... ..........6.000 ..........6.012 FA...... ...........328,667 ...........454,333 02/04/2008. 02/15/2018.<br />
91324P BK 7 UNITEDHEALTH GROUP INC BD...................................................... ....... .. ........... .1FE ............1,946,980 ........87.561 ............1,751,220 ............2,000,000 ............1,947,445 .......................... ..................465 ............................ .......................... ..........6.875 ..........7.089 FA...... .............51,944 .............71,806 02/13/2008. 02/15/2038.<br />
91324P AH 5 UNITEDHEALTH GROUP INC BDS................................................... LS... .. ........... .1FE ..........28,905,695 ........87.911 ..........25,933,745 ..........29,500,000 ..........29,154,855 .......................... .............57,704 ............................ .......................... ..........4.750 ..........5.012 FA...... ...........548,823 ........1,401,250 05/06/2004. 02/10/2014.<br />
91324P AE 2 UNITEDHEALTH GROUP INC NT...................................................... ....... .. .........1 .1FE ..........27,026,030 ........93.181 ..........25,158,870 ..........27,000,000 ..........27,012,907 .......................... ..............(2,699) ............................ .......................... ..........4.875 ..........4.862 AO...... ...........329,063 ........1,316,250 04/23/2003. 04/01/2013.<br />
91324P AK 8 UNITEDHEALTH GROUP INC NT...................................................... ....... .. ........... .1FE ............6,784,642 ........98.444 ............6,694,192 ............6,800,000 ............6,797,901 .......................... ...............3,248 ............................ .......................... ..........4.125 ..........4.176 FA...... ...........105,967 ...........280,500 08/11/2004. 08/15/2009.<br />
91324P AL 6 UNITEDHEALTH GROUP INC NTS................................................... ....... .. .........1 .1FE ..........20,916,488 ........91.986 ..........19,271,067 ..........20,950,000 ..........20,929,747 .......................... ...............2,999 ............................ .......................... ..........5.000 ..........5.020 FA...... ...........395,722 ........1,047,500 01/05/2005. 08/15/2014.<br />
91324P AQ 5 UNITEDHEALTH GROUP INC SR NT................................................ ....... .. ........... .1FE ............9,962,200 ........88.128 ............8,812,800 ..........10,000,000 ............9,970,886 .......................... ...............3,223 ............................ .......................... ..........5.375 ..........5.424 MS..... ...........158,264 ...........537,500 02/27/2006. 03/15/2016.<br />
91324P BC 5 UNITEDHEALTH GROUP INC SR NT................................................ ....... .. ........... .1FE ..........13,811,681 ........89.393 ..........15,514,155 ..........17,355,000 ..........13,858,029 .......................... .............46,349 ............................ .......................... ..........6.000 ..........9.251 MN..... ...........133,055 ...........520,650 10/21/2008. 11/15/2017.<br />
91324P AM 4 UNITEDHEALTH GROUP INC SR UNSE.......................................... ....... .. ........... .1FE ............5,801,460 ........85.732 ............5,143,920 ............6,000,000 ............5,857,816 .......................... .............18,866 ............................ .......................... ..........4.875 ..........5.329 MS..... .............86,125 ...........292,500 11/04/2005. 03/15/2015.<br />
913275 AC 7 UNITRIN INC SR NT........................................................................... ....... .. ........... .2FE ..........29,233,811 ........71.571 ..........21,120,602 ..........29,510,000 ..........29,265,516 .......................... .............21,679 ............................ .......................... ..........6.000 ..........6.137 MN..... ...........226,243 ........1,770,600 09/24/2007. 05/15/2017.<br />
913538 FA 7 UNIVERSAL FOODS CORP SR NT................................................... ....... .. ........... .3FE ............8,212,288 ......100.000 ............8,250,000 ............8,250,000 ............8,248,727 .......................... ...............4,835 ............................ .......................... ..........6.500 ..........6.563 AO...... ...........134,063 ...........536,250 03/29/1999. 04/01/2009.<br />
913903 AM 2 UNIVERSAL HEALTH SERVICES NTS............................................. ....... .. .........1 .2FE ..........18,511,618 ........96.495 ..........17,127,863 ..........17,750,000 ..........18,038,210 .......................... ............(89,163) ............................ .......................... ..........6.750 ..........6.125 MN..... ...........153,094 ........1,198,125 11/04/2002. 11/15/2011.<br />
914906 A# 9 UNIVISION COMM INC TRNCH B TER............................................. ....... .. .......23 .4FE ..........10,453,036 ........42.750 ............4,488,750 ..........10,500,000 ..........10,460,344 .......................... ...............4,975 ............................ .......................... ..........4.713 ..........7.681 MON.. .............24,112 ...........672,288 04/15/2008. 09/28/2014.<br />
90777H AE 4 UNOCAL CORP GTD MTN................................................................. ....... .. ........... .1FE ............4,743,732 ......117.476 ............4,699,040 ............4,000,000 ............4,228,589 .......................... ............(97,400) ............................ .......................... ..........9.340 ..........6.418 FA...... ...........141,138 ...........373,600 10/15/2001. 02/15/2011.
E10.74<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
915436 AF 6 UPM KYMMENE CORP 144A NT....................................................... ....... .. ........... .2FE ..........29,281,400 ........61.630 ..........17,872,700 ..........29,000,000 ..........29,217,277 .......................... ............(18,311) ............................ .......................... ..........5.500 ..........5.394 JJ....... ...........669,014 ........1,595,000 02/15/2005. 01/30/2018.<br />
915436 AC 3 UPM-KYMMENE CORP 144A NT...................................................... ....... .. ........... .2FE ..........21,401,250 ........68.758 ..........13,751,600 ..........20,000,000 ..........21,334,780 .......................... ............(33,923) ............................ .......................... ..........7.450 ..........6.815 MN..... ...........144,861 ........1,490,000 01/22/2007. 11/26/2027.<br />
915436 AE 9 UPM-KYMMENE CORPORATION 144A B........................................ LS... .. ........... .2FE ..........40,008,780 ........64.768 ..........25,907,200 ..........40,000,000 ..........39,998,484 .......................... ...................(82) ............................ .......................... ..........5.625 ..........5.625 JD...... ...........187,500 ........2,250,000 05/11/2004. 12/01/2014.<br />
90341W A* 9 US AIRWAYS GROUP INC TRNCH LCC........................................... ....... .. .......23 .4FE ............2,576,459 ........43.000 ............1,113,700 ............2,590,000 ............2,578,663 .......................... ...............2,067 ............................ .......................... ..........5.177 ..........8.152 MON.. .............14,407 ...........140,388 07/03/2007. 03/23/2014.<br />
90332U AD 5 US AIRWAYS INC CL-C PSTHR CTFS.............................................. ....... .. ........... .5FE ............1,225,969 ........47.500 ............3,017,561 ............6,352,761 ............1,461,399 .......................... .......................... ............................ .......................... ..........6.820 ..........8.289 JJ....... .......................... ...........433,258 03/03/1999. 07/30/2014.<br />
911596 AL 8 US BANCORP SUB DEBS................................................................. ....... .. ........... .1FE ..........14,996,306 ......103.575 ..........15,536,250 ..........15,000,000 ..........14,997,187 .......................... ....................77 ............................ .......................... ..........7.500 ..........7.502 JD...... .............93,750 ........1,125,000 06/20/1996. 06/01/2026.<br />
90333W AB 4 US BANK NA GLBL NT....................................................................... ....... .. ........... .1FE ............7,536,746 ......103.555 ............7,378,294 ............7,125,000 ............7,412,491 .......................... ............(48,086) ............................ .......................... ..........6.300 ..........5.381 FA...... ...........183,291 ...........448,875 12/15/2006. 02/04/2014.<br />
90333W AA 6 US BANK NA SB MTN........................................................................ ....... .. ........... .1FE ..........40,757,185 ......104.028 ..........42,443,424 ..........40,800,000 ..........40,786,198 .......................... ...............4,701 ............................ .......................... ..........6.375 ..........6.389 FA...... ........1,083,750 ........2,601,000 11/05/2001. 08/01/2011.<br />
90333W AC 2 US BANK NA SB MTN........................................................................ ....... .. ........... .1FE ...................4,786 ......101.640 ...................5,082 ...................5,000 ...................4,811 .......................... ....................24 ............................ .......................... ..........4.800 ..........5.517 AO...... ....................51 ..................240 12/12/2007. 04/15/2015.<br />
90331H KP 7 US BANK NA SUB NTS...................................................................... ....... .. ........... .1FE ..........24,079,883 ......101.155 ..........24,580,665 ..........24,300,000 ..........24,148,035 .......................... .............21,753 ............................ .......................... ..........4.950 ..........5.075 AO...... ...........203,816 ........1,202,850 02/22/2006. 10/30/2014.<br />
90338W AE 3 US ONCOLOGY INC SR NTS............................................................ ....... .. .........1 .4FE ...............225,000 ........91.000 ...............204,750 ...............225,000 ...............225,000 .......................... .......................... ............................ .......................... ..........9.000 ..........9.000 FA...... ...............7,650 .............20,250 08/04/2004. 08/15/2012.<br />
90338W AG 8 US ONCOLOGY INC SR SUB NT...................................................... ....... .. .........1 .5FE ...............986,094 ........81.500 ...............794,625 ...............975,000 ...............981,175 .......................... ..............(1,362) ............................ .......................... ........10.750 ........10.561 FA...... .............39,596 ...........104,813 10/07/2004. 08/15/2014.<br />
912920 AK 1 US WEST COMMUNICATIONS INC DB............................................ ....... .. ........... .2FE ..........12,614,743 ........67.000 ............9,045,000 ..........13,500,000 ..........12,712,204 .......................... .............22,204 ............................ .......................... ..........7.250 ..........7.656 MS..... ...........288,188 ...........978,750 06/05/2001. 09/15/2025.<br />
90327Q CQ 0 USAA CAPITAL CORP MTN SER B.................................................. ....... .. ........... .1FE ..........10,000,000 ......100.633 ..........10,063,300 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........4.640 ..........4.640 MS..... ...........117,289 ...........464,000 12/05/2002. 12/15/2009.<br />
90327Q CL 1 USAA CAPITAL CORP 144A W/O RTS............................................. ....... .. ........... .1FE ..........23,036,000 ......109.620 ..........24,116,400 ..........22,000,000 ..........22,381,147 .......................... ..........(125,073) ............................ .......................... ..........6.050 ..........5.369 MS..... ...........336,447 ........1,331,000 03/13/2003. 10/17/2011.<br />
916906 AB 6 USFREIGHTWAYS CORP NTS......................................................... ....... .. .........1 .6FE ............4,160,000 ........52.000 ............4,160,000 ............8,000,000 ............4,160,000 .......................... .......................... ...........3,840,000 .......................... ..........8.500 ..........8.500 AO...... .......................... ...........680,000 04/19/2000. 04/15/2010.<br />
90348@ AB 6 USPP TRUST III CL A2 CTFS (GTD.................................................. ....... .. ........... .....6* ...............961,651 ................... ............................. ............7,400,000 ............................. .......................... .......................... ............................ .......................... ..........7.030 ..........6.530 MON.. .......................... .......................... 01/01/2007. 09/29/2008.<br />
902911 AM 8 UST INC NT......................................................................................... ....... .. ........... .1FE ..........23,967,975 ........93.962 ..........20,389,754 ..........21,700,000 ..........22,970,163 .......................... ..........(313,415) ............................ .......................... ..........6.625 ..........4.765 JJ....... ...........662,905 ........1,215,688 01/24/2008. 07/15/2012.<br />
902911 AC 0 UST INC SR NT................................................................................... ....... .. ........... .1FE ..........15,179,635 ........99.996 ..........13,649,454 ..........13,650,000 ..........13,771,116 .......................... ..........(279,717) ............................ .......................... ..........7.250 ..........5.084 JD...... .............82,469 ...........989,625 07/21/2003. 06/01/2009.<br />
902911 AN 6 UST INC SR NT................................................................................... ....... .. ........... .1FE ..........10,027,100 ........82.071 ............8,207,100 ..........10,000,000 ..........10,025,379 .......................... ..............(1,721) ............................ .......................... ..........5.750 ..........5.714 MS..... ...........191,667 ...........289,097 02/26/2008. 03/01/2018.<br />
902905 AL 2 USX CORP DB.................................................................................... ....... .. ........... .2FE ............6,934,282 ......109.094 ............6,114,719 ............5,605,000 ............6,671,025 .......................... ............(46,412) ............................ .......................... ..........9.375 ..........7.142 MN..... .............67,143 ...........525,469 01/29/2002. 05/15/2022.<br />
902905 AK 4 USX CORPORATION DB................................................................... ....... .. ........... .2FE .................11,858 ......105.291 .................10,529 .................10,000 .................10,757 .......................... .................(211) ............................ .......................... ..........9.375 ..........6.650 FA...... ..................354 ..................938 12/06/2001. 02/15/2012.<br />
902905 AN 8 USX CORPORATION DB................................................................... LS... .. ........... .2FE ..........20,116,650 ......102.201 ..........20,440,200 ..........20,000,000 ..........20,084,963 .......................... ..............(4,861) ............................ .......................... ..........8.500 ..........7.457 MS..... ...........566,667 ........1,700,000 05/23/2001. 03/01/2023.<br />
902905 AQ 1 USX CORPORATION DB................................................................... ....... .. ........... .2FE ..........15,319,519 ......104.878 ..........15,003,847 ..........14,306,000 ..........15,133,589 .......................... ............(30,764) ............................ .......................... ..........8.125 ..........7.465 JJ....... ...........535,978 ........1,162,363 05/23/2001. 07/15/2023.<br />
902905 AM 0 USX-MARATHON GROUP INC DB.................................................... ....... .. ........... .2FE ............1,021,574 ......106.620 ...............973,441 ...............913,000 ...............960,961 .......................... ..............(9,800) ............................ .......................... ..........9.125 ..........7.590 JJ....... .............38,416 .............83,311 02/08/2001. 01/15/2013.<br />
91802M AA 8 UTILITY CONTRACT FNDG LLC SR S.............................................. ....... .. ........... .2FE ..........11,446,264 ........77.000 ............8,783,591 ..........11,407,261 ..........11,403,733 .......................... ..................640 ............................ .......................... ..........7.944 ..........7.952 AO...... ...........226,548 ...........906,193 06/27/2002. 10/01/2016.<br />
918204 AR 9 V F CORP NT...................................................................................... ....... .. ........... .1FE ...............492,405 ........74.069 ...............370,345 ...............500,000 ...............492,955 .......................... ..................119 ............................ .......................... ..........6.000 ..........6.111 AO...... ...............6,333 .............30,000 10/08/2003. 10/15/2033.<br />
918866 AE 4 VALASSIS COMM SR NT................................................................... LS... .. .........1 .3FE ..........12,931,420 ........99.375 ..........11,925,000 ..........12,000,000 ..........12,008,125 .......................... ..........(190,101) ............................ .......................... ..........6.625 ..........4.975 JJ....... ...........366,583 ...........795,000 08/06/2003. 01/15/2009.<br />
91911T AG 8 VALE OVERSEAS LTD GTD GLBL NT.............................................. ....... .. ........... .2FE ..........19,902,800 ........94.280 ..........18,856,000 ..........20,000,000 ..........19,918,328 .......................... ...............7,545 ............................ .......................... ..........6.250 ..........6.315 JJ....... ...........548,611 ........1,250,000 01/17/2007. 01/23/2017.<br />
91911T AH 6 VALE OVERSEAS LTD GTD GLBL NT.............................................. ....... .. ........... .2FE ..........26,336,340 ........90.770 ..........23,600,200 ..........26,000,000 ..........26,328,741 .......................... ..............(4,137) ............................ .......................... ..........6.875 ..........6.772 MN..... ...........198,611 ........1,787,500 03/09/2007. 11/21/2036.<br />
91913Y AE 0 VALERO ENERGY CORP BD............................................................ ....... .. ........... .2FE ............2,000,987 ........79.952 ............1,599,040 ............2,000,000 ............2,000,915 .......................... ...................(14) ............................ .......................... ..........7.500 ..........7.494 AO...... .............31,667 ...........150,000 01/03/2003. 04/15/2032.<br />
91913Y AD 2 VALERO ENERGY CORP NT............................................................ ....... .. .........1 .2FE ..........15,931,788 ......100.563 ..........15,335,858 ..........15,250,000 ..........15,568,692 .......................... ............(78,760) ............................ .......................... ..........6.875 ..........6.162 AO...... ...........221,337 ........1,005,469 05/08/2008. 04/15/2012.<br />
91913Y AL 4 VALERO ENERGY CORP NT............................................................ ....... .. ........... .2FE ..........13,627,660 ........73.550 ..........10,297,000 ..........14,000,000 ..........13,631,192 .......................... ...............3,532 ............................ .......................... ..........6.625 ..........6.835 JD...... .............41,222 ...........927,500 03/05/2008. 06/15/2037.<br />
91913Y AM 2 VALERO ENERGY CORP NT............................................................ ....... .. ........... .2FE ..........11,283,700 ........85.313 ............9,384,430 ..........11,000,000 ..........11,264,784 .......................... ............(18,916) ............................ .......................... ..........6.125 ..........5.760 JD...... .............29,944 ...........673,750 03/20/2008. 06/15/2017.<br />
91913Y AJ 9 VALERO ENERGY CORP SR NT...................................................... ....... .. ........... .2FE ............5,552,251 ........99.321 ............5,715,924 ............5,755,000 ............5,742,846 .......................... .............46,807 ............................ .......................... ..........3.500 ..........4.348 AO...... .............50,356 ...........201,425 08/11/2004. 04/01/2009.<br />
919138 AD 9 VALERO ENERGY CORP SR NT...................................................... ....... .. ........... .2FE ............5,620,074 ......100.247 ............5,513,585 ............5,500,000 ............5,558,180 .......................... ............(12,251) ............................ .......................... ..........6.700 ..........6.394 JJ....... ...........169,919 ...........368,500 01/28/2003. 01/15/2013.<br />
91914C AA 5 VALERO LOGISTICS OPERATIONS LP........................................... ....... .. ........... .2FE ............1,095,370 ........90.333 ...............903,330 ............1,000,000 ............1,052,835 .......................... ............(13,253) ............................ .......................... ..........6.875 ..........5.221 JJ....... .............31,701 .............68,750 07/28/2005. 07/15/2012.<br />
91914C AC 1 VALERO LOGISTICS OPS LP SR NT................................................ ....... .. ........... .2FE ............7,469,800 ........85.592 ............6,419,400 ............7,500,000 ............7,485,047 .......................... ...............3,030 ............................ .......................... ..........6.050 ..........6.104 MS..... ...........133,604 ...........453,750 03/13/2003. 03/15/2013.<br />
92025R AB 4 VALOR TELECOM ENTERPRISE LLC S........................................... ....... .. .........1 .2FE ............1,095,250 ........83.500 ...............876,750 ............1,050,000 ............1,079,244 .......................... ..............(5,932) ............................ .......................... ..........7.750 ..........7.093 FA...... .............30,742 .............81,375 03/01/2006. 02/15/2015.<br />
920355 AC 8 VALSPAR CORP NTS........................................................................ ....... .. .........1 .2FE ............7,494,525 ........78.275 ............5,870,625 ............7,500,000 ............7,496,239 .......................... ..................469 ............................ .......................... ..........5.100 ..........5.109 JJ....... ...........176,375 ...........382,500 07/12/2005. 08/01/2015.<br />
92203# AB 4 VANGUARD GROUP INC SER B SR SE........................................... ....... .. ........... ......1 ..........16,250,000 ......102.565 ..........16,666,813 ..........16,250,000 ..........16,250,000 .......................... .......................... ............................ .......................... ..........7.520 ..........7.520 MS..... ...........346,233 ........1,222,000 05/01/1998. 09/19/2010.<br />
92203# AK 4 VANGUARD GROUP INC SER I SR SE............................................ ....... .. ........... ......1 ..........22,088,000 ......101.206 ..........22,265,320 ..........22,000,000 ..........22,008,136 .......................... ............(11,426) ............................ .......................... ..........7.670 ..........7.670 MS..... ...........562,467 ........1,687,400 09/01/1999. 09/01/2009.<br />
922122 AB 2 VARCO INTERNATIONAL INC NT..................................................... ....... .. ........... .2FE ..........22,159,480 ......101.777 ..........21,271,393 ..........20,900,000 ..........21,310,371 .......................... ..........(160,711) ............................ .......................... ..........7.250 ..........6.325 MN..... ...........252,542 ........1,515,250 11/18/2002. 05/01/2011.<br />
922122 AD 8 VARCO INTERNATIONAL INC NTS.................................................. LS... .. .........1 .2FE ..........15,915,200 ........96.604 ..........15,456,640 ..........16,000,000 ..........15,961,469 .......................... ...............8,682 ............................ .......................... ..........5.500 ..........5.570 MN..... ...........112,444 ...........880,000 11/14/2002. 11/15/2012.<br />
92343V AF 1 VERIZON COMMUNICATIONS CORP NT........................................ ....... .. ........... .1FE ..........14,875,650 ......103.551 ..........15,532,650 ..........15,000,000 ..........14,878,258 .......................... ...............1,532 ............................ .......................... ..........6.250 ..........6.312 AO...... ...........234,375 ...........937,500 03/29/2007. 04/01/2037.<br />
92343V AM 6 VERIZON COMMUNICATIONS CORP NT........................................ ....... .. ........... .1FE ..........12,880,432 ........99.639 ..........12,958,052 ..........13,005,000 ..........12,887,170 .......................... ...............6,738 ............................ .......................... ..........6.100 ..........6.171 AO...... ...........167,476 ...........420,731 10/17/2008. 04/15/2018.<br />
92343V AC 8 VERIZON COMMUNICATIONS INC NT............................................. ....... .. ........... .1FE .................15,169 ........97.702 .................14,655 .................15,000 .................15,154 .......................... ...................(15) ............................ .......................... ..........5.550 ..........5.374 FA...... ..................315 ..................416 02/14/2008. 02/15/2016.<br />
92343V AL 8 VERIZON COMMUNICATIONS INC NT............................................. ....... .. ........... .1FE ..........17,566,159 ........96.185 ..........16,938,179 ..........17,610,000 ..........17,569,080 .......................... ...............2,921 ............................ .......................... ..........5.500 ..........5.533 FA...... ...........365,897 ...........492,067 12/16/2008. 02/15/2018.<br />
92343V AR 5 VERIZON COMMUNICATIONS INC NT............................................. ....... .. ........... .1FE .................10,429 ......129.169 .................12,917 .................10,000 .................10,429 .......................... .......................... ............................ .......................... ..........8.950 ..........8.546 MS..... ..................142 .......................... 12/08/2008. 03/01/2039.<br />
92344G AM 8 VERIZON GLOBAL FUNDING CORP................................................ ....... .. ........... .1FE ............1,978,280 ......110.890 ............2,217,800 ............2,000,000 ............1,980,342 .......................... ..................331 ............................ .......................... ..........7.750 ..........7.845 JD...... .............12,917 ...........155,000 12/07/2000. 12/01/2030.<br />
92345P AA 3 VERIZON NORTH INC TELE FAC LEA............................................. ....... .. ........... .2FE ...............921,759 ........93.400 ...............793,900 ...............850,000 ...............897,823 .......................... ..............(4,907) ............................ .......................... ..........5.634 ..........4.768 JJ....... .............23,945 .............47,889 06/10/2003. 01/01/2021.<br />
92345P AB 1 VERIZON NORTH INC 144A BD........................................................ ....... .. .........2 .2FE ............7,913,704 ........94.783 ............7,582,640 ............8,000,000 ............7,929,698 .......................... ...............8,060 ............................ .......................... ..........5.604 ..........5.604 JJ....... ...........224,160 ...........448,320 04/25/2003. 01/01/2022.<br />
92345N AA 8 VERIZON VA INC NT.......................................................................... ....... .. ........... .1FE ............3,642,615 ........89.489 ............3,355,838 ............3,750,000 ............3,694,990 .......................... .............11,443 ............................ .......................... ..........4.625 ..........5.015 MS..... .............51,068 ...........173,438 07/30/2004. 03/15/2013.
E10.75<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
92344S AG 5 VERIZON WIRELESS INC 144A NT.................................................. ....... .. ........... .1FE ...................4,947 ......117.168 ...................5,858 ...................5,000 ...................4,947 .......................... .......................... ............................ .......................... ..........8.500 ..........8.662 MN..... ....................47 .......................... 11/18/2008. 11/15/2018.<br />
92344S AH 3 VERIZON WIRELESS INC 144A NT.................................................. ....... .. ........... .1FE .................14,878 ......105.508 .................15,826 .................15,000 .................14,880 .......................... ......................2 ............................ .......................... ..........7.375 ..........7.575 MN..... ..................123 .......................... 11/18/2008. 11/15/2013.<br />
918204 AT 5 VF CORP NT....................................................................................... ....... .. ........... .1FE ............6,953,000 ........78.672 ............7,867,200 ..........10,000,000 ............6,956,065 .......................... ...............3,065 ............................ .......................... ..........6.450 ..........9.575 MN..... ...........107,500 .......................... 11/03/2008. 11/01/2037.<br />
925524 AH 3 VIACOM INC BD................................................................................. ....... .. ........... .2FE ..........10,148,480 ........62.684 ............6,895,240 ..........11,000,000 ..........10,217,089 .......................... .............11,504 ............................ .......................... ..........7.875 ..........7.568 JJ....... ...........363,344 ...........866,250 01/09/2001. 07/30/2030.<br />
925524 AV 2 VIACOM INC GLBL NT....................................................................... ....... .. ........... .2FE ............4,544,050 ........52.918 ............2,645,900 ............5,000,000 ............4,567,645 .......................... ...............7,476 ............................ .......................... ..........5.500 ..........6.191 MN..... .............35,139 ...........275,000 08/05/2005. 05/15/2033.<br />
925524 AJ 9 VIACOM INC GLBL SR NT................................................................. ....... .. ........... .2FE ..........14,778,975 ........97.748 ..........13,440,350 ..........13,750,000 ..........13,981,172 .......................... ..........(134,425) ............................ .......................... ..........7.700 ..........6.564 JJ....... ...........444,087 ........1,058,750 07/30/2002. 07/30/2010.<br />
925524 AQ 3 VIACOM INC GTD SR NT................................................................... ....... .. ........... .2FE ............2,869,324 ........88.618 ............2,457,377 ............2,773,000 ............2,802,317 .......................... ............(11,142) ............................ .......................... ..........6.625 ..........6.139 MN..... .............23,474 ...........183,711 11/05/2001. 05/15/2011.<br />
925524 AT 7 VIACOM INC NT.................................................................................. ....... .. ........... .2FE ............2,767,688 ........82.301 ............2,263,278 ............2,750,000 ............2,759,107 .......................... ..............(2,231) ............................ .......................... ..........5.625 ..........5.523 FA...... .............58,438 ...........154,688 07/30/2004. 08/15/2012.<br />
925524 AZ 3 VIACOM INC SR NT............................................................................ ....... .. ........... .2FE ............9,894,900 ........90.819 ............9,081,900 ..........10,000,000 ............9,944,257 .......................... .............21,631 ............................ .......................... ..........5.750 ..........6.002 AO...... .............97,431 ...........575,000 08/10/2006. 04/30/2011.<br />
925524 BB 5 VIACOM INC SR NT............................................................................ ....... .. ........... .2FE ..........24,870,900 ........82.889 ..........20,722,250 ..........25,000,000 ..........24,897,992 .......................... .............10,474 ............................ .......................... ..........6.250 ..........6.317 AO...... ...........264,757 ........1,562,500 04/13/2007. 04/30/2016.<br />
92555U AA 7 VIANT HLDGS INC SR SB 144A NT.................................................. ....... .. .........1 .5FE ...............663,853 ........33.000 ...............218,790 ...............663,000 ...............663,638 .......................... .................(146) ............................ .......................... ........10.125 ........10.102 JJ....... .............30,954 .............70,858 06/25/2007. 07/15/2017.<br />
F9731# AA 5 VICAT S A SER A SR NTS................................................................. ....... F ........... ......2 ..........19,000,000 ........93.151 ..........17,698,690 ..........19,000,000 ..........19,000,000 .......................... .......................... ............................ .......................... ..........4.920 ..........4.920 FA...... ...........379,113 ...........934,800 08/05/2003. 08/05/2010.<br />
92839U AB 3 VISTEON CORP NT............................................................................ LS... .. ........... .5FE ............2,559,375 ........31.000 ...............775,000 ............2,500,000 ............2,520,046 .......................... ............(11,457) ............................ .......................... ..........8.250 ..........7.703 FA...... .............85,938 ...........206,250 02/24/2005. 08/01/2010.<br />
928457 AC 4 VITA CAPITAL II LTD NTS 144A/3..................................................... ....... .. .........3 .2FE ..........19,000,000 ........94.436 ..........17,942,840 ..........19,000,000 ..........19,000,000 .......................... .......................... ............................ .......................... ..........4.597 ..........5.965 JAJO.. ...........223,234 ........1,112,487 05/19/2005. 01/01/2010.<br />
92852E AL 9 VIVENDI 144A NT............................................................................... ....... .. ........... .2FE ..........19,935,738 ........80.700 ..........16,154,526 ..........20,018,000 ..........19,940,140 .......................... ...............4,402 ............................ .......................... ..........6.625 ..........6.670 AO...... ...........320,497 ...........663,096 05/22/2008. 04/04/2018.<br />
92857T AG 2 VODAFONE AIRTOUCH PLC............................................................. ....... .. ........... .1FE ............4,698,997 ......102.202 ............4,599,090 ............4,500,000 ............4,532,212 .......................... ............(27,104) ............................ .......................... ..........7.750 ..........7.071 FA...... ...........131,750 ...........348,750 11/05/2001. 02/15/2010.<br />
92857T AB 3 VODAFONE AIRTOUCH PLC 144A NT............................................. ....... .. ........... .1FE ............1,133,330 ......102.480 ............1,024,800 ............1,000,000 ............1,025,462 .......................... ............(21,390) ............................ .......................... ..........7.750 ..........5.385 FA...... .............29,278 .............77,500 04/15/2003. 02/15/2010.<br />
92857W AF 7 VODAFONE GROUP PLC GLOBAL NTS.......................................... ....... .. .........1 .1FE ..........19,938,380 ........96.197 ..........19,085,485 ..........19,840,000 ..........19,901,533 .......................... ............(11,485) ............................ .......................... ..........5.000 ..........4.930 JD...... .............41,333 ...........991,000 12/08/2008. 12/16/2013.<br />
92857W AD 2 VODAFONE GROUP PLC NT............................................................ ....... .. ........... .1FE .................22,744 ........94.190 .................23,548 .................25,000 .................22,752 .......................... ......................8 ............................ .......................... ..........5.375 ..........7.223 JJ....... ..................564 .......................... 12/22/2008. 01/30/2015.<br />
92857W AP 5 VODAFONE GROUP PLC NT............................................................ LS... .. ........... .1FE ..........15,841,170 ........94.225 ..........14,981,775 ..........15,900,000 ..........15,849,686 .......................... ...............4,733 ............................ .......................... ..........5.625 ..........5.674 FA...... ...........308,063 ...........894,375 02/20/2007. 02/27/2017.<br />
92857W AG 5 VODAFONE GROUP PLC NTS.......................................................... ....... .. ........... .1FE ............7,999,025 ........91.700 ............7,340,585 ............8,005,000 ............8,000,858 .......................... ..................475 ............................ .......................... ..........5.000 ..........5.010 MS..... ...........117,851 ...........400,000 09/22/2008. 09/15/2015.<br />
D8884# AA 4 VOITH AG SER A NTS....................................................................... ....... F ........... ......2 ............7,000,000 ........85.869 ............6,010,830 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.880 ..........5.880 FA...... ...........153,207 ...........411,600 08/17/2004. 08/17/2014.<br />
D8884# AB 2 VOITH AG SER B SR NTS................................................................. ....... F ........... ......2 ..........18,000,000 ........79.973 ..........14,395,140 ..........18,000,000 ..........18,000,000 .......................... .......................... ............................ .......................... ..........6.030 ..........6.030 FA...... ...........404,010 ........1,085,400 08/17/2004. 08/17/2016.<br />
D8884# AC 0 VOITH AG SER C SR NTS................................................................. ....... F ........... ......2 ............5,000,000 ........72.598 ............3,629,900 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.230 ..........6.230 FA...... ...........115,947 ...........311,500 08/17/2004. 08/17/2019.<br />
N4281@ AQ 8 VOPAK SER C SR NTS...................................................................... ....... F ........... ......2 ..........14,000,000 ......103.462 ..........14,484,680 ..........14,000,000 ..........14,000,000 .......................... .......................... ............................ .......................... ..........8.370 ..........8.370 JD...... .............39,060 ........1,171,800 06/19/2001. 06/19/2011.<br />
D9493# AA 5 VOSSLOH AG SR U/S NTS................................................................ ....... F ........... ......2 ............5,000,000 ........92.840 ............4,642,000 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.900 ..........5.900 JD...... ...............5,736 ...........442,500 08/12/2004. 06/24/2014.<br />
D9493# AB 3 VOSSLOH AG SR U/S NTS................................................................ ....... F ........... ......2 ..........10,000,000 ........88.090 ............8,809,000 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........6.050 ..........6.050 JD...... .............11,764 ...........605,000 08/12/2004. 06/24/2016.<br />
929160 AB 5 VULCAN MATERIALS SR NTS.......................................................... ....... .. ........... .2FE ..........24,146,443 ........98.361 ..........22,873,851 ..........23,255,000 ..........23,295,626 .......................... ..........(155,978) ............................ .......................... ..........6.000 ..........5.296 AO...... ...........348,825 ........1,395,300 01/24/2003. 04/01/2009.<br />
92976G AE 1 WACHOVIA BANK NA SB NT............................................................ ....... .. ........... .1FE ............9,766,821 ........92.951 ............9,295,100 ..........10,000,000 ............9,798,849 .......................... .............21,779 ............................ .......................... ..........5.600 ..........5.898 MS..... ...........164,889 ...........560,000 06/28/2007. 03/15/2016.<br />
929903 AE 2 WACHOVIA CORP GLOBAL SUB NTS............................................. ....... .. ........... .1FE ............7,468,125 ........91.867 ............6,890,025 ............7,500,000 ............7,481,846 .......................... ...............3,044 ............................ .......................... ..........4.875 ..........4.929 FA...... ...........138,125 ...........365,625 02/03/2004. 02/15/2014.<br />
929903 AJ 1 WACHOVIA CORP SB NT.................................................................. ....... .. ........... .1FE ..........16,685,928 ........93.151 ..........15,602,793 ..........16,750,000 ..........16,710,187 .......................... ...............5,975 ............................ .......................... ..........5.250 ..........5.299 FA...... ...........366,406 ...........879,375 07/30/2004. 08/01/2014.<br />
929771 AC 7 WACHOVIA CORP SUB NTS............................................................. ....... .. ........... .1FE ............1,874,480 ........99.713 ............1,994,260 ............2,000,000 ............1,998,781 .......................... .............13,638 ............................ .......................... ..........6.375 ..........7.100 FA...... .............53,125 ...........127,500 05/31/1995. 02/01/2009.<br />
92977@ AD 6 WACHOVIA DEV GTD ROSS STORES C......................................... ....... .. ........... ......2 ..........12,000,000 ........89.234 ..........10,708,080 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........5.650 ..........5.650 MON.. .............15,067 ...........678,000 07/23/2003. 07/23/2013.<br />
93045# AC 2 WAGNER EQUIPMENT CO SR NTS................................................. ....... .. ........... ......2 ..........11,250,000 ........96.364 ..........10,840,950 ..........11,250,000 ..........11,250,000 .......................... .......................... ............................ .......................... ..........6.580 ..........6.580 AO...... ...........178,894 ...........740,250 10/04/2001. 10/04/2011.<br />
931142 BF 9 WAL MART STORES INC................................................................... ....... .. ........... .1FE ............8,134,280 ......120.670 ............8,446,900 ............7,000,000 ............8,004,994 .......................... ............(22,295) ............................ .......................... ..........7.550 ..........6.288 FA...... ...........199,656 ...........528,500 01/28/2002. 02/15/2030.<br />
93114K AB 9 WAL MART STORES INC PSTHR TR S............................................ ....... .. ........... .1FE ............6,196,223 ......110.458 ............6,065,386 ............5,491,124 ............5,679,168 .......................... ............(87,960) ............................ .......................... ..........8.070 ..........6.184 JD...... .............12,309 ...........443,134 12/20/2001. 12/21/2012.<br />
931142 BE 2 WAL MART STORES INC SR NT....................................................... ....... .. ........... .1FE ............3,017,223 ......102.996 ............2,842,690 ............2,760,000 ............2,788,342 .......................... ............(44,584) ............................ .......................... ..........6.875 ..........5.146 FA...... .............74,319 ...........189,750 07/26/2007. 08/10/2009.<br />
931142 CM 3 WAL MART STORES INC SR NT....................................................... ....... .. ........... .1FE ..........14,689,017 ......114.445 ..........17,186,206 ..........15,017,000 ..........14,690,578 .......................... ...............1,560 ............................ .......................... ..........6.200 ..........6.364 AO...... ...........196,556 ...........465,372 10/17/2008. 04/15/2038.<br />
931142 CB 7 WAL-MART STORES INC NT............................................................ ....... .. ........... .1FE ..........24,287,475 ........99.566 ..........27,380,650 ..........27,500,000 ..........24,336,847 .......................... .............43,116 ............................ .......................... ..........5.250 ..........6.131 MS..... ...........481,250 ........1,443,750 02/06/2008. 09/01/2035.<br />
931142 CH 4 WAL-MART STORES INC NT............................................................ ....... .. ........... .1FE ..........31,252,690 ......105.429 ..........33,763,637 ..........32,025,000 ..........31,281,106 .......................... .............21,523 ............................ .......................... ..........5.875 ..........6.086 AO...... ...........449,462 ........1,881,469 08/29/2007. 04/05/2027.<br />
931142 CK 7 WAL-MART STORES INC NT............................................................ ....... .. ........... .1FE ..........14,993,719 ......118.731 ..........17,815,587 ..........15,005,000 ..........14,993,896 .......................... ..................132 ............................ .......................... ..........6.500 ..........6.506 FA...... ...........368,456 ...........950,625 09/16/2008. 08/15/2037.<br />
93883# AB 9 WASHINGTON FOOTBALL INC SER A............................................. ....... .. ........... ......2 ..........18,500,000 ......101.181 ..........18,718,485 ..........18,500,000 ..........18,500,000 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 AO...... ...........250,983 ........1,221,000 10/17/2002. 10/17/2009.<br />
61844A AA 7 WASHINGTON GROUP INTL INC...................................................... ....... .. .........1 ......6 ..........................1 ................... ............................. ...............885,000 ............................. .......................... .......................... ............................ .......................... ........11.000 ........54.387 JJ....... .......................... .............43,930 08/01/2006. 07/01/2010.<br />
939640 AC 2 WASHINGTON POST CO NTS.......................................................... ....... .. .........1 .1FE ............2,149,240 ......100.360 ............2,007,200 ............2,000,000 ............2,003,440 .......................... ............(26,898) ............................ .......................... ..........5.500 ..........4.105 FA...... .............41,556 ...........110,000 01/02/2003. 02/15/2009.<br />
94106L AS 8 WASTE MANAGEMENT INC DEL SR NT.......................................... ....... .. ........... .2FE ..........10,016,941 ........86.494 ............8,649,400 ..........10,000,000 ..........10,016,263 .......................... .................(678) ............................ .......................... ..........6.100 ..........6.075 MS..... ...........179,611 ...........320,250 08/29/2008. 03/15/2018.<br />
94106L AK 5 WASTE MANAGEMENT INC SR NT.................................................. ....... .. ........... .2FE .................24,375 ......101.339 .................25,335 .................25,000 .................24,413 .......................... ....................38 ............................ .......................... ..........7.375 ..........8.983 FA...... ..................768 .......................... 11/17/2008. 08/01/2010.<br />
94106L AN 9 WASTE MANAGEMENT INC SR NT.................................................. ....... .. ........... .2FE ..........17,618,550 ........89.467 ..........13,420,050 ..........15,000,000 ..........17,533,608 .......................... ............(46,346) ............................ .......................... ..........7.750 ..........6.352 MN..... ...........148,542 ........1,162,500 02/07/2007. 05/15/2032.<br />
942749 A# 9 WATTS WATER TECHNOLOGIES INC S......................................... ....... .. ........... ......2 ..........30,000,000 ........89.696 ..........26,908,800 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........5.850 ..........5.850 AO...... ...........297,375 ........1,755,000 04/27/2006. 04/30/2016.<br />
942749 A@ 1 WATTS WATER TECHNOLOGIES SER B........................................ ....... .. ........... ......2 ............3,958,400 ........89.744 ............3,589,760 ............4,000,000 ............3,970,740 .......................... ...............5,743 ............................ .......................... ..........5.470 ..........5.660 MN..... .............27,958 ...........218,800 09/25/2006. 05/15/2013.<br />
943315 A# 8 WAUSAU-MOSINEE PAPER SER C SR........................................... ....... .. ........... ......2 ..........15,000,000 ........90.584 ..........13,587,600 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........7.430 ..........7.430 FA...... ...........374,596 ........1,114,500 07/22/1999. 08/31/2011.<br />
947074 AH 3 WEATHERFORD INTL INC GTD NT.................................................. ....... .. ........... .2FE ...................4,521 ........95.028 ...................4,751 ...................5,000 ...................4,542 .......................... ....................21 ............................ .......................... ..........5.950 ..........9.093 JD...... ....................13 ..................149 10/21/2008. 06/15/2012.<br />
947074 AJ 9 WEATHERFORD INTL INC GTD SR NT............................................ ....... .. ........... .2FE ..........10,270,878 ........85.344 ............8,538,667 ..........10,005,000 ..........10,254,207 .......................... ............(16,670) ............................ .......................... ..........6.350 ..........5.901 JD...... .............28,236 ...........635,159 10/16/2008. 06/15/2017.<br />
947074 AK 6 WEATHERFORD INTL INC GTD SR NT............................................ ....... .. ........... .2FE ..........10,208,200 ........76.810 ............7,681,000 ..........10,000,000 ..........10,206,066 .......................... ..............(2,134) ............................ .......................... ..........6.800 ..........6.637 JD...... .............30,222 ...........680,000 02/07/2008. 06/15/2037.
E10.76<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
947075 AA 5 WEATHERFORD INTL INC LTD GTD S............................................ ....... .. ........... .2FE ..........38,875,984 ........86.999 ..........34,047,059 ..........39,135,000 ..........38,977,369 .......................... .............26,564 ............................ .......................... ..........4.950 ..........5.045 AO...... ...........408,961 ........1,937,183 04/02/2008. 10/15/2013.<br />
947074 AD 2 WEATHERFORD INTL INC SR NT..................................................... ....... .. ........... .2FE ............4,868,525 ........98.972 ............4,948,600 ............5,000,000 ............4,952,213 .......................... .............14,478 ............................ .......................... ..........6.625 ..........6.997 MN..... .............42,326 ...........331,250 11/26/2001. 11/15/2011.<br />
947076 AB 1 WEATHERFORD INTL INC SR NT..................................................... ....... .. ........... .2FE ..........12,253,650 ........85.961 ..........10,745,125 ..........12,500,000 ..........12,303,629 .......................... .............21,580 ............................ .......................... ..........5.500 ..........5.771 FA...... ...........259,722 ...........687,500 09/28/2006. 02/15/2016.<br />
947075 AB 3 WEATHERFORD INTL LTD GTD SR NT........................................... ....... .. ........... .2FE ..........17,111,080 ........75.066 ..........12,761,220 ..........17,000,000 ..........17,108,366 .......................... ..............(1,527) ............................ .......................... ..........6.500 ..........6.449 FA...... ...........460,417 ........1,105,000 12/06/2006. 08/01/2036.<br />
947075 AC 1 WEATHERFORD INTL LTD GTD SR NT........................................... ....... .. ........... .2FE ............3,547,280 ........88.057 ............3,539,891 ............4,020,000 ............3,547,628 .......................... ..................348 ............................ .......................... ..........5.150 ..........8.528 MS..... .............60,959 .......................... 12/23/2008. 03/15/2013.<br />
947075 AD 9 WEATHERFORD INTL LTD GTD SR NT........................................... ....... .. ........... .2FE ..........14,224,788 ........83.976 ..........11,765,038 ..........14,010,000 ..........14,215,614 .......................... ..............(9,174) ............................ .......................... ..........6.000 ..........5.792 MS..... ...........247,510 ...........396,950 08/29/2008. 03/15/2018.<br />
94874R AU 0 WEINGARTEN REALTY INVESTORS MT......................................... ....... .. ........... .2FE ............5,672,655 ........59.193 ............3,297,050 ............5,570,000 ............5,658,948 .......................... ..............(2,375) ............................ .......................... ..........6.880 ..........6.728 MS..... ...........112,836 ...........383,216 07/17/2001. 06/25/2027.<br />
94874R CB 0 WEINGARTEN REALTY INVESTORS MT......................................... ....... .. ........... .2FE ............5,000,000 ........79.191 ............3,959,550 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.675 ..........5.675 MS..... .............83,549 ...........283,750 11/20/2002. 11/25/2012.<br />
94874R CE 4 WEINGARTEN REALTY INVESTORS MT......................................... ....... .. ........... .2FE ............7,332,430 ........77.037 ............5,392,590 ............7,000,000 ............7,180,863 .......................... ............(39,269) ............................ .......................... ..........5.500 ..........4.795 MS..... ...........113,361 ...........385,000 10/29/2004. 01/28/2013.<br />
94874R CN 4 WEINGARTEN REALTY INVESTORS MT......................................... ....... .. ........... .2FE ..........10,524,806 ........67.516 ............7,268,097 ..........10,765,000 ..........10,622,412 .......................... .............23,888 ............................ .......................... ..........4.857 ..........5.158 MS..... ...........153,952 ...........522,856 12/16/2004. 01/15/2014.<br />
94973H AC 2 WELLPOINT HEALTH NETWORK NTS............................................. ....... .. .........1 .1FE ..........30,299,300 ........96.379 ..........26,986,120 ..........28,000,000 ..........28,883,333 .......................... ..........(261,449) ............................ .......................... ..........6.375 ..........5.240 JJ....... ...........823,083 ........1,785,000 11/26/2002. 01/15/2012.<br />
94973V AG 2 WELLPOINT INC NT........................................................................... ....... .. ........... .1FE ...................9,520 ........86.861 ...................8,686 .................10,000 ...................9,590 .......................... ....................56 ............................ .......................... ..........5.000 ..........5.823 JD...... ....................22 ..................500 09/28/2007. 12/15/2014.<br />
94973V AJ 6 WELLPOINT INC NT........................................................................... ....... .. ........... .1FE ............7,038,953 ........94.515 ............6,663,308 ............7,050,000 ............7,045,351 .......................... ...............2,143 ............................ .......................... ..........5.000 ..........5.034 JJ....... ...........162,542 ...........351,500 02/26/2008. 01/15/2011.<br />
94973V AL 1 WELLPOINT INC NT........................................................................... ....... .. ........... .1FE ............6,971,015 ........81.693 ............5,726,679 ............7,010,000 ............6,972,507 .......................... ..................531 ............................ .......................... ..........5.850 ..........5.890 JJ....... ...........189,095 ...........409,500 12/19/2008. 01/15/2036.<br />
94973V AM 9 WELLPOINT INC NT........................................................................... ....... .. ........... .1FE ............4,079,750 ........91.014 ............4,550,700 ............5,000,000 ............4,091,722 .......................... .............11,972 ............................ .......................... ..........5.875 ..........8.993 JD...... .............13,056 ...........146,875 10/28/2008. 06/15/2017.<br />
94973V AN 7 WELLPOINT INC NT........................................................................... ....... .. ........... .1FE ...................4,061 ........92.906 ...................4,645 ...................5,000 ...................4,061 .......................... .......................... ............................ .......................... ..........6.375 ..........8.068 JD...... ....................14 .......................... 12/10/2008. 06/15/2037.<br />
949746 CR 0 WELLS FARGO & CO GLBL SB NT................................................... ....... .. ........... .1FE ............1,980,920 ......100.109 ............2,002,180 ............2,000,000 ............1,989,240 .......................... ...............1,535 ............................ .......................... ..........5.000 ..........5.107 MN..... .............12,778 ...........100,000 10/30/2002. 11/15/2014.<br />
949746 JJ 1 WELLS FARGO & CO NT................................................................... ....... .. ........... .1FE ...............485,985 ......100.310 ...............501,550 ...............500,000 ...............486,250 .......................... .......................... ............................ .......................... ..........4.200 ..........4.227 JJ....... ...............9,683 .............21,000 11/29/2004. 01/15/2010.<br />
949746 FJ 5 WELLS FARGO & CO NTS................................................................. ....... .. ........... .1FE ..........14,895,000 ........97.628 ..........14,644,200 ..........15,000,000 ..........14,943,193 .......................... .............10,234 ............................ .......................... ..........4.950 ..........5.040 AO...... ...........154,688 ...........742,500 10/09/2003. 10/16/2013.<br />
949746 JM 4 WELLS FARGO & CO NTS................................................................. ....... .. ........... .1FE ..........14,286,915 ........99.204 ..........14,384,580 ..........14,500,000 ..........14,297,198 .......................... ...............3,336 ............................ .......................... ..........5.375 ..........5.476 FA...... ...........311,750 ...........779,375 11/02/2005. 02/07/2035.<br />
949746 NX 5 WELLS FARGO & CO SR NT............................................................. ....... .. ........... .1FE ...................9,631 ......104.328 .................10,433 .................10,000 ...................9,644 .......................... ....................13 ............................ .......................... ..........5.625 ..........6.147 JD...... ....................31 ..................281 08/04/2008. 12/11/2017.<br />
949746 JE 2 WELLS FARGO & CO SUB NTS........................................................ ....... .. ........... .1FE ............9,947,800 ......100.511 ..........10,051,100 ..........10,000,000 ............9,962,940 .......................... ...............3,823 ............................ .......................... ..........5.125 ..........5.184 MS..... ...........150,903 ...........512,500 09/07/2004. 09/15/2016.<br />
949748 AE 7 WELLS FARGO BANK NA GLBL SB NT............................................ ....... .. ........... .1FE ............9,848,146 ......104.054 ..........10,405,400 ..........10,000,000 ............9,969,242 .......................... .............18,969 ............................ .......................... ..........7.550 ..........7.474 JD...... .............20,972 ...........755,000 09/11/2000. 06/21/2010.<br />
949748 AF 4 WELLS FARGO BANK NA GLOBAL SB............................................ ....... .. ........... .1FE ..........25,685,850 ......103.654 ..........25,913,500 ..........25,000,000 ..........25,189,584 .......................... ............(82,878) ............................ .......................... ..........6.450 ..........6.057 FA...... ...........671,875 ........1,612,500 02/04/2002. 02/01/2011.<br />
94980V AA 6 WELLS FARGO BANK NA SUB NTS................................................. ....... .. ........... .1FE ............2,755,760 ......101.219 ............2,889,802 ............2,855,000 ............2,784,519 .......................... ...............9,566 ............................ .......................... ..........4.750 ..........5.228 FA...... .............53,492 ...........135,613 10/31/2005. 02/09/2015.<br />
949746 CE 9 WELLS FARGO COMPANY GLBL SB NT......................................... ....... .. ........... .1FE ............5,207,021 ......102.072 ............5,103,600 ............5,000,000 ............5,071,993 .......................... ............(25,121) ............................ .......................... ..........6.375 ..........5.766 FA...... ...........132,813 ...........318,750 11/05/2001. 08/01/2011.<br />
94978# FF 9 WELLS FARGO CTF BARBADOS CORR.......................................... ....... .. .........2 ......2 ..........45,678,706 ......120.625 ..........55,099,939 ..........45,678,706 ..........45,678,706 .......................... .......................... ............................ .......................... ..........7.540 ..........7.540 J......... ........3,310,234 ........2,626,616 12/17/2007. 01/15/2032.<br />
94975C AJ 6 WELLS FARGO FINANCIAL SR NTS................................................ ....... .. ........... .1FE ..........10,258,700 ......100.785 ..........10,078,500 ..........10,000,000 ..........10,103,692 .......................... ............(27,765) ............................ .......................... ..........6.125 ..........5.775 AO...... ...........124,201 ...........612,500 06/17/2002. 04/18/2012.<br />
94978# AH 0 WELLS FARGO MTG SEC TR CVS DIS............................................ ....... .. ........... ......2 ..........13,281,929 ........98.990 ..........13,147,782 ..........13,281,929 ..........13,281,929 .......................... .......................... ............................ .......................... ..........7.530 ..........7.530 MON.. .............58,341 ........1,000,128 09/25/2001. 01/10/2024.<br />
952845 AC 9 WEST FRASER TIMBER CO LTD NT 1............................................. ....... .. ........... .2FE ..........62,701,800 ........65.893 ..........42,171,520 ..........64,000,000 ..........63,217,544 .......................... ...........107,500 ............................ .......................... ..........5.200 ..........5.506 AO...... ...........702,578 ........3,328,000 08/24/2006. 10/15/2014.<br />
957674 AD 6 WESTERN ATLAS INC BD................................................................. ....... .. ........... .1FE ..........14,790,225 ......121.877 ..........16,453,395 ..........13,500,000 ..........14,572,681 .......................... ............(35,537) ............................ .......................... ..........8.550 ..........7.661 JD...... .............51,300 ........1,154,250 04/02/2002. 06/15/2024.<br />
959053 AD 1 WESTERN OIL SANDS INC SR SECD.............................................. ....... .. ........... .2FE ..........10,831,250 ........95.464 ............9,546,400 ..........10,000,000 ..........10,406,862 .......................... ..........(104,879) ............................ .......................... ..........8.375 ..........6.985 MN..... ...........139,583 ...........837,500 06/08/2004. 05/01/2012.<br />
96008Y AA 3 WESTFIELD CAP CORP LTD GTD SR.............................................. ....... .. ........... .1FE ..........10,580,185 ........80.941 ............8,903,510 ..........11,000,000 ..........10,750,742 .......................... ...........122,638 ............................ .......................... ..........4.375 ..........4.435 MN..... .............61,493 ...........481,250 10/27/2004. 11/15/2010.<br />
96008Y AB 1 WESTFIELD CAP CORP LTD GTD SR.............................................. ....... .. ........... .1FE ..........29,980,840 ........69.698 ..........20,909,400 ..........30,000,000 ..........29,988,549 .......................... ...............1,628 ............................ .......................... ..........5.125 ..........5.132 MN..... ...........196,458 ........1,537,500 03/01/2005. 11/15/2014.<br />
96055R GC 0 WESTLB AG NEW YORK BRH SB NT.............................................. ....... .. ........... .1FE ..........19,977,969 ......112.838 ..........23,885,548 ..........21,168,000 ..........20,319,012 .......................... ...........105,086 ............................ .......................... ..........4.796 ..........5.535 JJ....... ...........468,128 ........1,015,217 07/12/2005. 07/15/2015.<br />
961214 AH 6 WESTPAC BANKING CORP BD........................................................ ....... .. ........... .1FE ............8,806,728 ........97.796 ............8,703,844 ............8,900,000 ............8,834,087 .......................... ...............5,443 ............................ .......................... ..........4.625 ..........4.723 JD...... .............34,302 ...........411,625 05/28/2003. 06/01/2018.<br />
961501 AA 1 WESTSIDE INTERMODAL TRANSN COR........................................ ....... .. ........... .2FE ............4,026,449 ........80.000 ............3,599,999 ............4,499,998 ............4,034,339 .......................... ...............6,841 ............................ .......................... ..........5.648 ..........5.648 JD...... .............11,296 ...........254,160 06/15/2006. 06/15/2023.<br />
961548 AQ 7 WESTVACO CORP SR BD................................................................ ....... .. .........2 .3FE ............6,288,510 ........90.962 ............5,749,708 ............6,321,000 ............6,293,914 .......................... ..................678 ............................ .......................... ..........7.650 ..........7.694 MS..... ...........142,381 ...........483,557 03/12/1997. 03/15/2027.<br />
96218P AL 4 WEYERHAEUSER REAL EST 144A MTN......................................... ....... .. ........... ......2 ............9,500,000 ......101.285 ............9,622,075 ............9,500,000 ............9,500,000 .......................... .......................... ............................ .......................... ..........5.640 ..........5.640 MS..... ...........154,787 ...........535,800 09/06/2002. 09/17/2009.<br />
96218P AM 2 WEYERHAEUSER REAL ESTATE 144A........................................... ....... .. ........... ......2 ..........13,596,255 ........85.629 ..........11,559,915 ..........13,500,000 ..........13,565,587 .......................... ............(15,344) ............................ .......................... ..........6.120 ..........5.970 MS..... ...........238,680 ...........826,200 12/05/2006. 09/17/2012.<br />
96218P AR 1 WEYERHAEUSER REAL ESTATE 144A........................................... ....... .. ........... ......2 ............1,930,000 ........91.506 ............1,830,120 ............2,000,000 ............1,966,699 .......................... .............15,458 ............................ .......................... ..........5.500 ..........6.416 JD...... ...............4,583 ...........110,000 06/29/2006. 12/16/2010.<br />
96218P AN 0 WEYERHAUESER REAL EST 144A MTN......................................... ....... .. ........... ......2 ............2,000,000 ........94.693 ............1,893,860 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........6.220 ..........6.220 MS..... .............35,938 ...........124,400 09/06/2002. 09/17/2014.<br />
92923W AA 8 WHC-IRS LIMITED PARTNERSHIP................................................... ....... .. .........1 .1FE ............5,972,829 ......114.902 ............6,579,559 ............5,726,235 ............5,726,239 .......................... .................(108) ............................ .......................... ..........6.980 ..........6.858 MN..... .............51,072 ...........399,692 02/07/1996. 05/15/2015.<br />
963320 AH 9 WHIRLPOOL CORP DB...................................................................... ....... .. ........... .2FE ..........14,166,210 ........82.866 ..........11,808,405 ..........14,250,000 ..........14,202,658 .......................... ...............4,426 ............................ .......................... ..........7.750 ..........7.807 JJ....... ...........509,240 ........1,104,375 10/24/1996. 07/15/2016.<br />
963320 AK 2 WHIRLPOOL CORP NTS................................................................... ....... .. .........1 .2FE ..........14,954,280 ........94.739 ..........14,210,850 ..........15,000,000 ..........14,991,371 .......................... ...............5,847 ............................ .......................... ..........8.600 ..........8.646 MN..... ...........215,000 ........1,290,000 05/18/2000. 05/01/2010.<br />
964152 AA 0 WHITE MTNS RE GROUP SR 144A NT............................................ ....... .. ........... .2FE ..........12,962,950 ........82.696 ..........10,750,480 ..........13,000,000 ..........12,967,957 .......................... ...............2,881 ............................ .......................... ..........6.375 ..........6.414 MS..... ...........232,510 ...........828,750 03/14/2007. 03/20/2017.<br />
969457 AW 0 WILLIAMS COS INC............................................................................ ....... .. ........... .2FE .................25,000 ........78.125 .................19,531 .................25,000 .................25,000 .......................... .......................... ............................ .......................... ..........7.625 ..........7.625 JJ....... ..................879 ...............1,906 06/18/2003. 07/15/2019.<br />
969457 BG 4 WILLIAMS COS INC BD..................................................................... ....... .. .........1 .2FE ...............358,491 ........76.500 ...............267,750 ...............350,000 ...............355,570 .......................... .................(253) ............................ .......................... ..........7.875 ..........6.303 MS..... ...............9,188 .............27,563 08/04/2005. 09/01/2021.<br />
969457 AH 3 WILLIAMS COS INC DEB................................................................... ....... .. ........... .2FE ............5,403,650 ........95.500 ............4,775,000 ............5,000,000 ............5,285,565 .......................... ............(13,257) ............................ .......................... ........10.250 ..........9.425 JJ....... ...........236,319 ...........512,500 05/04/1992. 07/15/2020.<br />
970648 AA 9 WILLIS GROUP NORTH AMERICA INC............................................ ....... .. ........... .2FE ..........12,116,929 ........81.635 ..........10,204,375 ..........12,500,000 ..........12,302,681 .......................... ...........118,388 ............................ .......................... ..........5.125 ..........5.182 JJ....... ...........295,399 ...........640,625 08/11/2005. 07/15/2010.<br />
970648 AB 7 WILLIS GROUP NORTH AMERICA INC............................................ ....... .. .........3 .2FE ............7,953,505 ........73.201 ............6,273,326 ............8,570,000 ............8,050,628 .......................... .............61,251 ............................ .......................... ..........5.625 ..........5.871 JJ....... ...........222,284 ...........482,063 01/17/2007. 07/15/2015.<br />
97181# ET 6 WILM'TN TR (BP&SOLVAY MIN EQ T............................................... ....... .. ........... ......1 ............1,508,368 ......100.134 ............1,510,389 ............1,508,368 ............1,508,368 .......................... .......................... ............................ .......................... ..........6.630 ..........6.630 JJ....... .............49,725 ...........100,005 05/15/1998. 01/02/2020.<br />
97180* VN 5 WILM'TN TR B (FED EXPRS N605FE............................................... ....... .. ........... ......2 ............2,539,541 ......103.853 ............2,637,390 ............2,539,541 ............2,539,541 .......................... .......................... ............................ .......................... ..........7.700 ..........7.700 JJ....... .............82,563 ...........195,545 07/29/1993. 01/29/2012.<br />
97181# BU 6 WILM'TN TR SER A (BPASSUMPSOLV............................................ ....... .. ........... ......1 ...............354,960 ......109.908 ...............390,129 ...............354,960 ...............354,960 .......................... .......................... ............................ .......................... ..........7.520 ..........7.520 JJ....... .............13,346 .............26,693 09/29/1995. 07/01/2017.
E10.77<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
97181# CF 8 WILM'TN TR SER B (BPASSUMPSOLV............................................ ....... .. ........... ......1 ...............346,326 ......109.271 ...............378,433 ...............346,326 ...............346,326 .......................... .......................... ............................ .......................... ..........7.520 ..........7.520 JJ....... .............13,022 .............26,044 08/30/2004. 01/01/2018.<br />
97181# CY 7 WILM'TN TR SER C (BPASSUMPSOLV............................................ ....... .. ........... ......1 ............1,742,514 ......112.238 ............1,955,763 ............1,742,514 ............1,742,514 .......................... .......................... ............................ .......................... ..........8.010 ..........8.010 JJ....... .............69,788 ...........139,575 09/27/1996. 07/01/2018.<br />
97181# KV 4 WILM'TN TR UPRR 2005 B-1............................................................. ....... .. ........... ......1 ...............812,817 ........88.823 ...............721,969 ...............812,817 ...............812,817 .......................... .......................... ............................ .......................... ..........5.360 ..........5.360 JJ....... .............21,662 .............43,567 05/31/2005. 11/30/2028.<br />
97181# KY 8 WILM'TN TR UPRR 2005-B2.............................................................. ....... .. ........... ......1 ...............489,537 ........88.819 ...............434,802 ...............489,537 ...............489,537 .......................... .......................... ............................ .......................... ..........5.360 ..........5.360 JJ....... .............13,047 .............26,239 06/29/2005. 12/29/2028.<br />
97181# KZ 5 WILM'TN TR UPRR 2005-B3.............................................................. ....... .. ........... ......1 ...............387,394 ........88.933 ...............344,521 ...............387,394 ...............387,394 .......................... .......................... ............................ .......................... ..........5.360 ..........5.360 JJ....... .............10,324 .............20,764 07/21/2005. 07/02/2028.<br />
97181# LA 9 WILM'TN TR UPRR 2005B-4.............................................................. ....... .. ........... ......1 ...............252,862 ........88.954 ...............224,931 ...............252,862 ...............252,862 .......................... .......................... ............................ .......................... ..........5.380 ..........5.380 JJ....... ...............6,764 .............13,604 08/25/2005. 07/02/2028.<br />
97180* KB 3 WILMINGTON TR (CSX) SER B BNY-............................................... ....... .. ........... ......1 ............5,260,335 ......109.023 ............4,725,047 ............4,333,991 ............4,546,966 .......................... ............(80,563) ............................ .......................... ........10.230 ..........7.861 MS..... ...........117,000 ...........443,367 10/09/1996. 03/26/2013.<br />
97180* KC 1 WILMINGTON TR (CSX) SER B BNY-............................................... ....... .. ........... ......1 ............2,150,663 ......103.493 ............1,822,031 ............1,760,535 ............1,792,942 .......................... ............(41,724) ............................ .......................... ........10.230 ..........7.767 MS..... .............47,527 ...........180,103 10/09/1996. 03/26/2010.<br />
97180* LY 2 WILMINGTON TR (CSX) SER B BNY-............................................... ....... .. ........... ......1 ............1,532,596 ......109.686 ............1,384,844 ............1,262,553 ............1,324,024 .......................... ............(25,678) ............................ .......................... ........10.230 ..........7.853 JD...... ...............1,794 ...........129,159 10/09/1996. 06/26/2012.<br />
97180* KE 7 WILMINGTON TR (CSX) SER B BO-2............................................... ....... .. ........... ......1 ............2,721,573 ......104.364 ............2,371,996 ............2,272,810 ............2,318,902 .......................... ............(50,189) ............................ .......................... ........10.230 ..........7.816 JJ....... ...........116,254 ...........232,507 10/09/1996. 01/01/2011.<br />
97180* SC 3 WILMINGTON TR AIRBUS IND CTF-9.............................................. ....... .. ........... ......2 ...............167,533 ......111.140 ...............167,430 ...............150,648 ...............156,400 .......................... ..............(1,587) ............................ .......................... ..........9.030 ..........7.946 MN..... ...............1,285 .............13,604 06/01/1995. 11/27/2014.<br />
97180* SD 1 WILMINGTON TR AIRBUS IND CTF-9.............................................. ....... .. ........... ......2 ...............167,532 ......111.140 ...............167,430 ...............150,648 ...............156,399 .......................... ..............(1,587) ............................ .......................... ..........9.030 ..........7.946 MN..... ...............1,285 .............13,604 06/01/1995. 11/29/2014.<br />
97180* SE 9 WILMINGTON TR AIRBUS IND CTF-9.............................................. ....... .. ........... ......2 ...............167,532 ......111.140 ...............167,430 ...............150,648 ...............156,399 .......................... ..............(1,587) ............................ .......................... ..........9.030 ..........7.946 MN..... ...............1,285 .............13,604 06/01/1995. 11/28/2014.<br />
97180* SF 6 WILMINGTON TR AIRBUS IND CTF-9.............................................. ....... .. ........... ......2 ...............167,532 ......111.140 ...............167,430 ...............150,648 ...............156,399 .......................... ..............(1,587) ............................ .......................... ..........9.030 ..........7.946 MN..... ...............1,285 .............13,604 06/01/1995. 11/29/2014.<br />
97180* SG 4 WILMINGTON TR AIRBUS IND CTF-9.............................................. ....... .. ........... ......2 ...............167,532 ......111.140 ...............167,430 ...............150,648 ...............156,399 .......................... ..............(1,587) ............................ .......................... ..........9.030 ..........7.946 MN..... ...............1,285 .............13,604 06/01/1995. 11/29/2014.<br />
97180* SH 2 WILMINGTON TR AIRBUS IND CTF-9.............................................. ....... .. ........... ......2 ...............167,532 ......111.140 ...............167,430 ...............150,648 ...............156,399 .......................... ..............(1,587) ............................ .......................... ..........9.030 ..........7.946 MN..... ...............1,285 .............13,604 06/01/1995. 11/28/2014.<br />
971807 AC 6 WILMINGTON TR CORP SB NT........................................................ ....... .. ........... .1FE ............3,390,907 ........96.900 ............3,294,600 ............3,400,000 ............3,395,506 .......................... ..................918 ............................ .......................... ..........4.875 ..........4.909 AO...... .............34,992 ...........165,750 04/01/2003. 04/15/2013.<br />
97180* GN 2 WILMINGTON TR GATC SEC LS BACK........................................... ....... .. ........... ......2 ...............880,380 ......101.035 ...............733,910 ...............726,392 ...............731,585 .......................... ............(20,893) ............................ .......................... ........10.430 ..........8.373 MS..... .............19,782 .............75,763 12/02/1996. 03/27/2009.<br />
97181# EU 3 WILMINGTON TR NT BP&SOLVAY EQ............................................ ....... .. ........... ......1 ............1,975,381 ......103.619 ............2,046,870 ............1,975,381 ............1,975,381 .......................... .......................... ............................ .......................... ..........6.630 ..........6.630 JJ....... .............65,120 ...........130,968 05/15/1998. 01/02/2020.<br />
97181# CS 0 WILMINGTON TR SER B NT BPAMOCP.......................................... ....... .. ........... ......1 ............1,287,954 ......109.643 ............1,412,151 ............1,287,954 ............1,287,954 .......................... .......................... ............................ .......................... ..........7.970 ..........7.970 JJ....... .............51,325 ...........102,650 07/10/1996. 01/01/2017.<br />
97181# CE 1 WILMINGTON TR SERA NT AMOCPOLY......................................... ....... .. ........... ......1 ............1,186,130 ......108.473 ............1,286,630 ............1,186,130 ............1,186,130 .......................... .......................... ............................ .......................... ..........7.520 ..........7.520 JJ....... .............44,598 .............89,197 12/27/1995. 07/01/2017.<br />
97181# KG 7 WILMINGTON TR UPRR 2004-G....................................................... ....... .. ........... ......1 ............6,439,323 ........95.200 ............6,103,368 ............6,411,101 ............6,437,653 .......................... ..............(1,670) ............................ .......................... ..........5.850 ..........5.788 MS..... .............95,846 ...........207,264 03/05/2008. 03/29/2024.<br />
97181# KH 5 WILMINGTON TR UPRR 2004-H....................................................... ....... .. ........... ......1 ............6,641,380 ........94.090 ............6,220,711 ............6,611,448 ............6,639,734 .......................... ..............(1,646) ............................ .......................... ..........5.850 ..........5.789 JD...... ...............2,149 ...........407,126 03/05/2008. 06/29/2024.<br />
97181# KE 2 WILMINGTON TR UPRR 2004A......................................................... ....... .. ........... ......1 ............5,433,324 ........94.750 ............5,125,375 ............5,409,366 ............5,431,951 .......................... ..............(1,373) ............................ .......................... ..........5.850 ..........5.789 JD...... ...............6,153 ...........316,448 03/05/2008. 06/24/2024.<br />
97181# HX 4 WILMINGTON/OXYCHEM TR B GTD CO......................................... ....... .. ........... ......1 ..........21,000,000 ......112.494 ..........23,623,740 ..........21,000,000 ..........21,000,000 .......................... .......................... ............................ .......................... ..........8.067 ..........8.068 JJ....... ...........781,232 ........1,694,238 01/15/2003. 01/15/2027.<br />
000000 00 0 WIND TELECOMUNICAZIONI SPA TRN........................................... ....... F .......23 .4FE ............4,950,000 ........84.000 ............4,200,000 ............5,000,000 ............4,966,300 .......................... ...............5,473 ............................ .......................... ..........6.920 ..........7.081 MON.. ...........115,333 ...........337,293 09/16/2005. 12/17/2013.<br />
000000 00 0 WIND TELECOMUNICAZIONI SPA 2ND........................................... ....... F .......23 .4FE ............4,000,000 ........84.000 ............3,360,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ........11.620 ..........6.250 MON.. ...........154,933 ...........406,334 09/16/2005. 12/17/2014.<br />
973582 AA 7 WINDSOR FINANCING LLC SR SECD.............................................. ....... .. ........... .3FE ............3,070,540 ......105.507 ............3,239,635 ............3,070,540 ............3,070,540 .......................... .......................... ............................ .......................... ..........5.881 ..........5.881 JAJO.. .............38,122 ...........180,579 02/07/2006. 07/15/2017.<br />
97381W AC 8 WINDSTREAM CORP SR NT............................................................. ....... .. ........... .3FE ............3,000,000 ........92.000 ............2,760,000 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........8.125 ..........8.125 FA...... ...........101,562 ...........243,750 06/28/2006. 08/01/2013.<br />
97381W AD 6 WINDSTREAM CORP SR NT............................................................. ....... .. .........1 .3FE ............1,950,940 ........88.500 ............1,770,000 ............2,000,000 ............1,959,266 .......................... ...............3,613 ............................ .......................... ..........8.625 ..........9.000 FA...... .............71,875 ...........172,500 06/28/2006. 08/01/2016.<br />
97381W A@ 3 WINDSTREAM CORP TRNCH B1 TERM.......................................... ....... .. .......23 ......2 ............8,909,826 ........85.833 ............7,609,095 ............8,865,000 ............8,899,211 .......................... ..............(6,459) ............................ .......................... ..........6.860 ..........6.761 MON.. ...........254,710 ...........494,429 07/05/2007. 07/17/2013.<br />
97629# AA 1 WINTHROP INC PROP 1ST (HAVERTY........................................... ....... .. ........... ......2 ............1,720,848 ........97.966 ............1,685,846 ............1,720,848 ............1,720,848 .......................... .......................... ............................ .......................... ........10.600 ........10.600 MON.. .............15,201 ...........182,410 12/17/1990. 01/01/2011.<br />
976843 BC 5 WISCONSIN PUBLIC SVC CO SR SEC............................................ ....... .. ........... .1FE ............1,992,000 ........98.525 ............1,970,500 ............2,000,000 ............1,996,383 .......................... ..................818 ............................ .......................... ..........4.875 ..........4.926 JD...... ...............8,125 .............97,500 12/09/2002. 12/01/2012.<br />
976826 BE 6 WISCONSIN PWR & LT CO DB......................................................... ....... .. ........... .1FE ............5,552,279 ......101.153 ............5,372,236 ............5,311,000 ............5,549,332 .......................... ..............(2,947) ............................ .......................... ..........6.375 ..........6.043 FA...... ...........127,907 ...........338,576 01/09/2008. 08/15/2037.<br />
92928W AF 2 WMC FINANCE USA CO GUARNT.................................................... ....... F .........1 .1FE ............4,833,000 ........95.585 ............4,779,250 ............5,000,000 ............4,908,647 .......................... .............17,958 ............................ .......................... ..........5.125 ..........5.602 MN..... .............32,743 ...........256,250 05/06/2004. 05/15/2013.<br />
941063 AF 6 WMX TECHNOLOGIES (WASTE MGMT C....................................... ....... .. ........... .2FE ............4,668,500 ........99.805 ............4,990,250 ............5,000,000 ............4,925,927 .......................... .............29,363 ............................ .......................... ..........7.650 ..........8.400 MS..... ...........112,625 ...........382,500 09/29/1994. 03/15/2011.<br />
92929Q AQ 0 WMX TECHNOLOGIES INC SR NT................................................... ....... .. ........... .2FE ...................8,553 ........83.092 ...................8,309 .................10,000 ...................8,554 .......................... ......................1 ............................ .......................... ..........7.100 ..........8.721 FA...... ..................296 .......................... 12/17/2008. 08/01/2026.<br />
97786# AB 8 WOLSELEY SR NTS........................................................................... ....... .. ........... ......2 ............8,000,000 ........96.880 ............7,750,400 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........4.790 ..........4.790 MN..... .............47,900 ...........383,200 11/16/2005. 11/16/2010.<br />
97786# AD 4 WOLSELEY SR NTS........................................................................... ....... .. ........... ......2 ..........10,000,000 ........86.879 ............8,687,900 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.050 ..........5.050 MN..... .............63,125 ...........505,000 11/16/2005. 11/16/2015.<br />
97786# AF 9 WOLSELEY SR NTS........................................................................... ....... .. ........... ......2 ..........15,000,000 ........76.245 ..........11,436,750 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........5.320 ..........5.320 MN..... .............99,750 ...........798,000 11/16/2005. 11/16/2020.<br />
978093 AE 2 WOLVERINE TUBE INC CO GUARNT.............................................. LS... .. ........... .6FE ...............699,295 ........80.500 ...............563,500 ...............700,000 ...............563,500 ..........(102,806) ...............1,306 ............................ .......................... ........10.500 ........12.916 AO...... .............18,375 .............73,500 03/01/2005. 04/01/2009.<br />
980888 AA 9 WOOLWORTHS LTD 144A SR NT..................................................... ....... .. ........... .1FE ..........11,909,570 ........99.150 ..........11,898,000 ..........12,000,000 ..........11,928,489 .......................... ...............8,262 ............................ .......................... ..........5.550 ..........5.655 MN..... .............85,100 ...........666,000 08/25/2006. 11/15/2015.<br />
980888 B* 1 WOOLWORTHS NTS......................................................................... ....... F ........... .1FE ............6,000,000 ........77.742 ............4,664,520 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........5.410 ..........5.410 AO...... .............58,608 ...........324,600 04/26/2005. 04/26/2020.<br />
980888 AB 7 WOOLWORTHS NTS 144A W/O RR................................................. ....... F ........... .1FE ............6,990,900 ......101.324 ............7,092,680 ............7,000,000 ............6,995,263 .......................... ...............1,488 ............................ .......................... ..........5.250 ..........5.276 MN..... .............46,958 ...........367,500 11/23/2005. 11/15/2011.<br />
98151G AA 3 WORLD SVGS BK FSB OAKLAND CA M.......................................... ....... .. ........... .1FE ............3,419,900 ........97.818 ............3,423,630 ............3,500,000 ............3,479,322 .......................... .............20,590 ............................ .......................... ..........4.125 ..........4.761 JD...... ...............6,417 ...........144,375 11/01/2006. 12/15/2009.<br />
92931N AB 6 WPP FINANCE UK GTD NT............................................................... ....... .. ........... .2FE ..........48,475,680 ......105.095 ..........49,394,650 ..........47,000,000 ..........47,974,440 .......................... ..........(150,473) ............................ .......................... ..........5.875 ..........5.429 JD...... ...........122,722 ........2,761,250 09/08/2005. 06/15/2014.<br />
92964* AA 9 WY CAROLINA HLDGS SR SEC NTS............................................... ....... .. ........... ......1 ..........15,500,000 ........95.927 ..........14,868,685 ..........15,500,000 ..........15,500,000 .......................... .......................... ............................ .......................... ..........5.640 ..........5.640 JD...... .............19,427 ...........874,200 12/23/2003. 12/23/2018.<br />
92964@ AA 7 WY GEORGIA SEC NTS.................................................................... ....... .. ........... ......1 ............7,000,000 ........94.299 ............6,600,930 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.590 ..........5.590 MS..... ...........115,216 ...........391,300 08/30/2004. 09/14/2019.<br />
92964# AA 5 WY TENN HLDGS LLC SR SEC NTS................................................ ....... .. ........... ......1 ............5,500,000 ........97.258 ............5,349,190 ............5,500,000 ............5,500,000 .......................... .......................... ............................ .......................... ..........5.810 ..........5.810 JD...... .............12,427 ...........319,550 12/17/2003. 12/17/2018.<br />
983024 AN 0 WYETH CORP NT............................................................................... ....... .. ........... .1FE ............6,608,000 ......111.029 ............7,772,030 ............7,000,000 ............6,610,071 .......................... ...............2,071 ............................ .......................... ..........5.950 ..........6.377 AO...... ...........104,125 ...........208,250 07/24/2008. 04/01/2037.<br />
983024 AE 0 WYETH CORP SR NT........................................................................ ....... .. ........... .1FE ............6,176,614 ......101.579 ............6,343,609 ............6,245,000 ............6,189,385 .......................... ...............9,142 ............................ .......................... ..........5.500 ..........5.704 FA...... ...........143,115 ...........342,375 09/25/2008. 02/01/2014.<br />
983024 AF 7 WYETH CORP SR NT........................................................................ ....... .. ........... .1FE ............5,127,000 ......112.771 ............5,638,550 ............5,000,000 ............5,115,364 .......................... ..............(4,514) ............................ .......................... ..........6.450 ..........6.211 FA...... ...........134,375 ...........322,500 04/10/2006. 02/01/2024.<br />
983024 AD 2 WYETH FLTG RT CV SR DB.............................................................. ....... .. .........3 .1FE ............7,826,325 ........99.070 ............7,935,507 ............8,010,000 ............7,868,142 .......................... ...............6,745 ............................ .......................... ..........4.886 ..........1.496 JJ....... .............99,151 ...........345,055 08/31/2007. 01/15/2024.
E10.78<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
983024 AA 8 WYETH NT.......................................................................................... ....... .. .........3 .1FE ..........10,948,500 ......101.862 ..........11,204,820 ..........11,000,000 ..........10,969,946 .......................... ...............6,175 ............................ .......................... ..........5.500 ..........5.323 MS..... ...........178,139 ...........605,000 07/27/2007. 03/15/2013.<br />
98412J BA 1 XEROX CORP DEBS.......................................................................... ....... .. ........... .2FE ............4,761,550 ........74.663 ............3,733,150 ............5,000,000 ............4,871,189 .......................... .............12,862 ............................ .......................... ..........7.200 ..........7.671 AO...... .............90,000 ...........360,000 05/09/1996. 04/01/2016.<br />
984121 BP 7 XEROX CORP SR NT......................................................................... ....... .. ........... .2FE ............6,214,821 ........78.000 ............4,687,800 ............6,010,000 ............6,184,587 .......................... ............(18,942) ............................ .......................... ..........6.400 ..........5.898 MS..... ...........113,255 ...........384,640 05/10/2007. 03/15/2016.<br />
984121 BS 1 XEROX CORP SR NT......................................................................... ....... .. ........... .2FE ..........15,546,275 ........83.805 ..........12,989,775 ..........15,500,000 ..........15,542,122 .......................... ..............(8,395) ............................ .......................... ..........5.500 ..........5.409 MN..... ...........108,931 ...........852,500 02/22/2008. 05/15/2012.<br />
984121 BV 4 XEROX CORP SR NT......................................................................... ....... .. ........... .2FE ...............749,970 ........78.488 ...............588,660 ...............750,000 ...............749,974 .......................... ......................4 ............................ .......................... ..........5.650 ..........5.650 MN..... ...............5,415 .............23,189 04/23/2008. 05/15/2013.<br />
984121 BW 2 XEROX CORP SR NT......................................................................... ....... .. ........... .2FE ..........21,365,084 ........78.209 ..........16,736,726 ..........21,400,000 ..........21,366,792 .......................... ...............1,708 ............................ .......................... ..........6.350 ..........6.372 MN..... ...........173,637 ...........743,620 04/25/2008. 05/15/2018.<br />
98372P AK 4 XL CAP LTD SR NT............................................................................ ....... .. ........... .2FE ............9,980,500 ........47.402 ............4,740,200 ..........10,000,000 ............9,981,355 .......................... ..................529 ............................ .......................... ..........6.250 ..........6.267 MN..... .............79,861 ...........625,000 05/02/2007. 05/15/2027.<br />
983730 AA 0 XL CAPITAL LTD NT........................................................................... ....... .. ........... .2FE ..........28,154,776 ........62.471 ..........17,038,965 ..........27,275,000 ..........27,619,185 .......................... ..........(102,646) ............................ .......................... ..........6.500 ..........6.033 JJ....... ...........817,492 ........1,772,875 05/29/2003. 01/15/2012.<br />
98385X AD 8 XTO ENERGY INC NTS...................................................................... ....... .. .........1 .2FE ............9,585,600 ........90.128 ............9,012,800 ..........10,000,000 ............9,757,285 .......................... .............40,393 ............................ .......................... ..........4.900 ..........5.454 FA...... ...........204,167 ...........490,000 05/04/2004. 02/01/2014.<br />
98385X AC 0 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE ..........19,142,453 ........97.544 ..........17,362,832 ..........17,800,000 ..........18,512,945 .......................... ..........(145,786) ............................ .......................... ..........6.250 ..........5.192 AO...... ...........234,861 ........1,112,500 07/01/2004. 04/15/2013.<br />
98385X AF 3 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE ............1,914,340 ........89.541 ............1,790,820 ............2,000,000 ............1,926,441 .......................... ...............9,854 ............................ .......................... ..........5.000 ..........5.720 JJ....... .............41,944 ...........100,000 10/02/2007. 01/31/2015.<br />
98385X AK 2 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE ............1,250,613 ........97.516 ............1,218,950 ............1,250,000 ............1,250,454 .......................... .................(111) ............................ .......................... ..........5.900 ..........5.888 FA...... .............30,729 .............76,208 07/13/2007. 08/01/2012.<br />
98385X AL 0 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE ............3,667,716 ........96.028 ............3,457,008 ............3,600,000 ............3,660,965 .......................... ..............(5,294) ............................ .......................... ..........6.250 ..........5.993 FA...... .............93,750 ...........232,500 09/12/2007. 08/01/2017.<br />
98385X AM 8 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE ...................4,720 ........93.656 ...................4,683 ...................5,000 ...................4,721 .......................... ......................2 ............................ .......................... ..........6.750 ..........7.214 FA...... ..................141 .......................... 08/04/2008. 08/01/2037.<br />
98385X AP 1 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE ..........15,926,240 ........90.528 ..........14,484,480 ..........16,000,000 ..........15,930,112 .......................... ...............3,872 ............................ .......................... ..........5.500 ..........5.561 JD...... .............39,111 ...........579,333 04/15/2008. 06/15/2018.<br />
98385X AR 7 XTO ENERGY INC SR NT.................................................................. ....... .. ........... .2FE .................14,746 ........98.520 .................14,778 .................15,000 .................14,769 .......................... ....................23 ............................ .......................... ..........5.000 ..........6.028 FA...... ..................300 .......................... 10/27/2008. 08/01/2010.<br />
987434 AM 9 YOUNG BROADCASTING CORP GLBL S........................................ ....... .. .........1 .6FE ......................563 ..........1.000 ..........................6 ......................600 ..........................6 .................(573) ...............4,176 ............................ .......................... ........10.000 ........17.160 MS..... .......................... ....................60 10/27/2005. 03/01/2011.<br />
988498 AB 7 YUM BRANDS INC SR NT.................................................................. ....... .. ........... .2FE ..........18,000,230 ........84.827 ..........15,268,860 ..........18,000,000 ..........18,000,189 .......................... ...................(21) ............................ .......................... ..........6.250 ..........6.250 AO...... ...........237,500 ........1,125,000 04/17/2006. 04/15/2016.<br />
989701 AM 9 ZIONS BANCORP NTS....................................................................... ....... .. ........... .2FE ............2,844,072 ........70.721 ............3,536,050 ............5,000,000 ............2,853,050 .......................... ...............2,477 ...........2,117,498 .......................... ..........5.500 ..........5.601 MN..... .......................... ...........275,000 11/09/2005. 11/16/2015.<br />
989701 AJ 6 ZIONS BANCORPORATION SB NT................................................... ....... .. ........... .2FE ............8,451,108 ........74.366 ..........10,411,240 ..........14,000,000 ............8,460,340 .......................... ...............1,550 ...........5,521,452 .......................... ..........6.000 ..........6.023 MS..... .............37,333 ...........840,000 09/03/2003. 09/15/2015.<br />
98978# AA 6 ZUFFA LLC TRNCH B TERM LOAN LN............................................. ....... .. .......23 .3FE ............1,970,000 ........58.500 ............1,152,450 ............1,970,000 ............1,970,000 .......................... .......................... ............................ .......................... ..........5.250 ..........7.360 MON.. ...............8,760 ...........114,420 06/20/2007. 06/18/2015.<br />
885622 AA 8 3M ESOP GTD AMORTIZING NT 144A............................................. ....... .. ........... .1FE ...............602,160 ......100.123 ...............607,098 ...............606,352 ...............604,685 .......................... ...............6,787 ............................ .......................... ..........5.620 ..........6.299 JJ....... .............15,713 .............34,077 09/15/1999. 07/15/2009.<br />
3999999. Industrial & Miscellaneous (Unaffiliated) - Issuer Obligations................................................................... ...27,068,768,885 ....XXX....... ...24,430,379,637 ...27,355,841,884 ...26,972,030,678 .....(53,547,487) .......(7,940,690) .......173,736,951 .....(22,351,045) ....XXX....... ....XXX....... .XXX... ....418,958,112 .1,596,332,232 .....XXX....... .....XXX.......<br />
Industrial & Miscellaneous (Unaffiliated) - Single Class Mortgage-Backed/Asset-Backed Securities<br />
172905 BE 0 CITIBANK 87-A AA PASSTHROUGH................................................ ....... .. .........2 .1FE ...............143,682 ........99.724 ...............162,401 ...............162,850 ...............158,025 .......................... ..................846 ............................ .......................... ..........9.000 ........10.829 MON.. ...............1,221 .............14,657 03/02/1990. 01/25/2017.<br />
172905 BJ 9 CITIBANK 87-D AA PSTHR................................................................ ....... .. .........2 .1FE ...............120,238 ........99.725 ...............148,770 ...............149,180 ...............135,983 .......................... ...............2,997 ............................ .......................... ..........8.500 ........10.778 MON.. ...............1,057 .............13,684 04/10/1990. 03/25/2017.<br />
25244# AA 7 DHC JP COUNTRY VILLAGE DEV DEF............................................ ....... .. ........... ......1 ............5,458,432 ......128.110 ............6,992,797 ............5,458,432 ............5,458,432 .......................... .......................... ............................ .......................... ..........5.910 ..........5.910 MON.. .............26,883 ...........322,593 02/01/2007. 06/01/2024.<br />
36184* AS 1 FHA GMAC MTG CORP IOWA 21ST IH............................................ ....... .. .........2 ......1 ...............685,751 ......100.500 ...............800,028 ...............796,047 ...............680,034 .......................... .............12,147 ............................ .......................... ..........7.450 ........10.539 MON.. ...............4,942 .............59,974 03/01/1995. 05/01/2021.<br />
59019# AC 5 FHA PROJECT LOAN MERRILL 29 PS............................................. ....... .. .........2 ......1 ...............279,115 ......100.500 .................90,761 .................90,309 .................82,864 .......................... ..................716 ............................ .......................... ..........7.430 ..........8.974 MON.. ..................559 ...............6,708 07/12/1994. 06/01/2022.<br />
92931# AC 1 FHA PROJECT LOAN MERRILL 42 PS............................................. ....... .. .........2 ......1 ...................9,422 ......100.500 .................13,759 .................13,691 ...................6,903 .......................... ..................476 ............................ .......................... ..........7.430 ........22.036 MON.. ....................85 ..................741 09/22/1994. 09/01/2022.<br />
30399A 9E 5 FHA PROJECT LOAN PL REILLY #46............................................... ....... .. .........2 ......1 .................59,266 ......100.500 .................64,824 .................64,501 .................60,595 .......................... ..................846 ............................ .......................... ..........7.037 ..........8.440 MON.. .......................... ...............4,470 05/13/1996. 12/01/2018.<br />
309992 9W 7 FHA PROJECT LOAN PL VICTORIAN............................................... ....... .. .........2 ......1 ............2,414,332 ......100.500 ............2,335,547 ............2,323,928 ............2,401,134 .......................... ..............(1,889) ............................ .......................... ..........8.250 ..........7.903 MON.. .............31,954 ...........207,637 03/03/1999. 09/01/2038.<br />
75933* AS 3 FHA PROJECT LOAN REILLY 8 PSTH.............................................. ....... .. .........2 ......1 ............1,363,287 ......100.500 ............1,423,066 ............1,415,986 ............1,393,666 .......................... ...............3,336 ............................ .......................... ..........7.430 ..........7.791 MON.. ...............8,767 ...........105,210 05/14/1992. 02/01/2019.<br />
75933* AZ 7 FHA PROJECT REILLY 4 PSTHR...................................................... ....... .. .........2 ......1 ...............512,509 ......100.500 ...............386,447 ...............384,525 ...............564,334 .......................... ............(16,147) ............................ .......................... ..........7.430 ..........1.156 MON.. ...............2,381 .............30,055 10/27/1993. 07/01/2022.<br />
33738* BH 2 FIRST UNION MTG CORP 95-2......................................................... ....... .. .......23 .....6* ...................6,174 ......101.090 .................10,060 ...................9,951 ...................8,768 .......................... ...............2,259 ............................ .......................... ..........6.193 ..........8.012 MON.. ....................51 ..................303 01/01/1998. 09/28/2025.<br />
33738* BJ 8 FIRST UNION MTG CORP 95-3 CONV............................................. ....... .. .........2 .....6* .................68,834 ......100.620 .................83,964 .................83,446 .................78,430 .......................... ...............1,341 ............................ .......................... ..........7.015 ..........7.926 MON.. ..................977 ...............4,662 01/01/1998. 11/29/2025.<br />
33738* BL 3 FIRST UNION MTG CORP 96-1A....................................................... ....... .. .........2 .....6* .................39,960 ........99.350 .................54,582 .................54,939 .................49,878 .......................... ..................471 ............................ .......................... ..........6.624 ..........7.998 MON.. ..................608 ...............2,638 01/01/1998. 07/01/2026.<br />
36185* BG 5 GMAC IPA 286870.............................................................................. ....... .. .........2 .....5* ...............105,896 ........30.000 ...............158,866 ...............529,555 .................90,794 .......................... .......................... ............................ .......................... ................... ........15.205 MON.. .......................... .......................... 05/29/1992. 02/02/2017.<br />
36185* BH 3 GMAC IPA 286871.............................................................................. ....... .. .........2 .....5* ...............131,164 ........30.000 ...............183,324 ...............611,079 ...............100,996 .......................... .......................... ............................ .......................... ................... ........44.636 MON.. .......................... .......................... 05/29/1992. 02/02/2017.<br />
44963* AP 8 IIG FDG TR INT CTF SER A............................................................... ....... .. .....234 ......1 ..........10,611,555 ........24.288 ............3,643,200 ............................. ............6,440,893 .......................... ..........(276,338) ............................ .......................... ..........3.188 ..........4.557 MN..... .............66,432 ...........629,609 05/19/1999. 11/25/2019.<br />
44963* AQ 6 IIG FDG TR INT CTF SER B............................................................... ....... .. .....234 ......1 ............7,340,585 ........23.274 ............2,327,400 ............................. ............4,671,934 .......................... ..........(144,368) ............................ .......................... ..........4.000 ..........5.360 JJ....... ...........190,000 ...........766,198 05/19/1999. 07/24/2019.<br />
44963* AR 4 IIG FDG TR INT CTF SER C............................................................... ....... .. .....234 ......1 ............8,850,706 ........23.280 ............3,026,400 ............................. ............5,208,886 .......................... ..........(214,476) ............................ .......................... ..........5.500 ..........7.723 FA...... ...........153,111 ...........570,962 05/19/1999. 08/30/2019.<br />
44963* AS 2 IIG FDG TR INT CTF SER D............................................................... ....... .. .....234 ......1 ............7,783,377 ........25.006 ............2,750,660 ............................. ............4,461,122 .......................... ..........(253,508) ............................ .......................... ..........2.937 ........-4.114 FMAN. .............30,517 ...........410,132 05/19/1999. 05/31/2019.<br />
44963* AT 0 IIG FDG TR INT CTF SER E............................................................... ....... .. .....234 ......1 ............4,363,411 ........23.842 ............1,668,940 ............................. ............2,804,257 .......................... ..........(137,511) ............................ .......................... ..........5.610 ..........4.836 FA...... .............73,245 ...........313,634 05/19/1999. 08/31/2019.<br />
44963* AU 7 IIG FDG TR INT CTF SER F............................................................... ....... .. .....234 ......1 ..........13,931,993 ........22.040 ............4,408,000 ............................. ............8,708,630 .......................... ..........(611,559) ............................ .......................... ..........5.625 ..........5.801 JD...... .............53,125 ...........876,875 05/19/1999. 06/27/2019.<br />
44963* AV 5 IIG FDG TR INT CTF SER G.............................................................. ....... .. .....234 ......1 ..........14,118,824 ........21.567 ............4,313,400 ............................. ............8,231,123 .......................... ..........(357,915) ............................ .......................... ..........2.812 ..........4.031 FMAN. .............53,125 ...........723,576 05/19/1999. 05/31/2019.<br />
44963* AW 3 IIG FDG TR INT CTF SER H............................................................... ....... .. .....234 ......1 ..........10,725,456 ........22.216 ............3,232,428 ............................. ............5,882,378 .......................... ..........(372,334) ............................ .......................... ..........5.687 ..........7.609 JD...... ...........427,558 ...........788,557 05/19/1999. 06/29/2019.<br />
44963* AX 1 IIG FDG TR INT CTF SER I................................................................ ....... .. .....234 ......1 ..........14,288,624 ........22.873 ............4,757,584 ............................. ............8,664,781 .......................... ..........(547,588) ............................ .......................... ..........5.625 ..........7.055 MS..... ...........321,750 ...........891,800 05/19/1999. 09/30/2019.<br />
44963* AY 9 IIG FDG TR INT CTF SER J............................................................... ....... .. .....234 ......1 ............4,264,795 ........23.563 ............1,413,780 ............................. ............2,572,820 .......................... ..........(178,421) ............................ .......................... ..........5.275 ..........5.282 AO...... .............68,575 ...........255,861 05/19/1999. 10/25/2019.<br />
44963* AZ 6 IIG FDG TR INT CTF SER K............................................................... ....... .. .....234 ......1 ............7,731,922 ........22.239 ............2,446,290 ............................. ............4,819,669 .......................... ..........(152,579) ............................ .......................... ..........3.375 ..........4.723 JJ....... ...........171,188 ...........523,277 05/19/1999. 07/31/2019.<br />
44963* BA 0 IIG FDG TR INT CTF SER L............................................................... ....... .. .....234 ......1 ..........23,702,849 ........23.818 ............8,098,120 ............................. ..........14,923,949 .......................... ..........(684,306) ............................ .......................... ..........5.625 ..........6.290 FA...... ...........425,472 ........1,525,277 05/19/1999. 08/30/2019.<br />
44963* BB 8 IIG FDG TR INT CTF SER M.............................................................. ....... .. .....234 ......1 ..........17,687,294 ........23.638 ............5,909,500 ............................. ..........11,018,406 .......................... ..........(794,869) ............................ .......................... ..........5.562 ..........5.326 JD...... .............57,943 ........1,770,139 05/19/1999. 06/28/2019.<br />
44962P AG 3 IIG 2000 FDG TR INT CTF SER G..................................................... ....... .. .....234 ......1 ............7,106,972 ........25.868 ............2,586,800 ............................. ............4,590,636 .......................... ..........(217,357) ............................ .......................... ..........5.401 ..........6.239 MS..... ...........103,289 ...........406,862 10/10/2000. 03/31/2021.
E10.79<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
44962P AR 9 IIG 2000 FDG TR INT CTF SER P...................................................... ....... .. .....234 ......1 ............4,521,897 ........26.954 ............1,886,780 ............................. ............2,871,790 .......................... ..........(133,804) ............................ .......................... ..........5.562 ..........8.797 MS..... ...........100,589 ...........290,733 10/10/2000. 03/31/2021.<br />
844741 AM 0 SOUTHWEST AIRLINES CO SER A4 P............................................ ....... .. ........... .1FE ............3,367,109 ......117.326 ............3,343,791 ............2,850,000 ............3,168,046 .......................... ............(53,376) ............................ .......................... ..........9.150 ..........6.469 JJ....... ...........130,388 ...........260,775 11/01/2006. 07/01/2016.<br />
844741 AS 7 SOUTHWEST AIRLINES CO SER 95A.............................................. ....... .. ........... .1FE ............8,707,619 ........78.000 ............6,864,000 ............8,800,000 ............8,751,504 .......................... ...............5,082 ............................ .......................... ..........7.640 ..........7.744 JJ....... ...........336,160 ...........672,320 09/20/1995. 01/01/2018.<br />
844741 AG 3 SOUTHWEST AIRLINES CO SR DB.................................................. ....... .. ........... .1FE ...............486,430 ......103.108 ...............469,858 ...............455,695 ...............453,607 .......................... ..................970 ............................ .......................... ..........6.260 ..........6.498 MS..... ...............7,686 .............28,526 09/21/1993. 09/24/2012.<br />
91203* AN 4 USGI INC 67TH FHA INSD PROJ MT................................................ ....... .. .........2 ......1 ...............802,309 ......100.500 ...............867,650 ...............863,333 ...............843,594 .......................... .............82,149 ............................ .......................... ..........7.430 ..........7.708 MON.. ...............5,345 .............64,144 09/22/1994. 06/01/2023.<br />
4099999. Industrial & Misc. (Unaffiliated) - Single Class Mtg-Backed/Asset Backed Sec....................................... ........181,791,789 ....XXX....... ..........76,923,777 ..........25,117,447 ........120,358,861 ......................0 .......(5,034,709) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........2,854,983 ......12,542,589 .....XXX....... .....XXX.......<br />
Industrial & Miscellaneous (Unaffiliated) - Defined Multi-Class Residential Mortgage-Backed Securities<br />
02146T BD 8 ALTERNATIVE LN TR 06 24CB M AL................................................ ....... .. .........2 .6FE ..........14,574,952 ..........5.395 ...............821,072 ..........15,219,121 ...............821,072 ...................(49) .............20,389 .........13,800,144 .......................... ..........6.000 ........13.710 MON.. .............76,096 ...........913,124 07/14/2006. 08/25/2036.<br />
02148H BA 8 ALTERNATIVE LN TR 06 31CB B CM............................................... ....... .. .........2 .6FE ...............149,070 ..........2.993 ...............146,933 ............4,909,205 ...............146,923 .......................... ...............3,810 ...........4,600,691 .......................... ..........6.000 ..........6.318 MON.. .......................... ...........294,554 01/03/2007. 11/25/2036.<br />
02148H AZ 4 ALTERNATIVE LN TR 06 31CB M CM............................................... ....... .. .........2 .6FE ............3,897,448 ..........5.461 ...............214,259 ............3,923,441 ...............214,259 ...................(20) ..................804 ...........3,684,751 .......................... ..........6.000 ........10.267 MON.. .............19,617 ...........235,408 01/03/2007. 11/25/2036.<br />
02149F BJ 2 ALTERNATIVE LN TR 06 43CB M CM............................................... ....... .. .........2 .6FE ............9,741,388 ..........1.855 ...............182,699 ............9,849,028 ...............182,699 ...................(21) ...............3,141 ...........9,564,835 .......................... ..........6.000 ........25.310 MON.. .............49,245 ...........590,886 01/23/2007. 02/25/2037.<br />
02147R BF 6 ALTERNATIVE LN 06 23CB B2 FLTG................................................ ....... .. .......23 .6FE ...............127,826 ..........2.978 ...............131,128 ............4,403,227 ...............131,112 .......................... ...............3,774 ...........1,441,962 .......................... ..........6.238 ........20.587 MON.. .......................... ...........274,325 08/07/2006. 08/25/2036.<br />
02146V AF 9 ALTERNATIVE LN 06 30T1 1A6 CMO............................................... ....... .. .........2 .6FE ............2,550,108 ........29.724 ...............760,043 ............2,557,000 ...............760,043 .......(1,790,481) ..................200 ............................ .......................... ..........6.250 ........21.054 MON.. .............13,318 ...........159,812 10/19/2006. 11/25/2036.<br />
02149J BR 6 ALTERNATIVE LN 06 45T1 M7 CMO................................................. ....... .. .........2 .6FE .................76,670 ..........1.650 .................64,080 ............3,883,640 .................64,067 .......................... .......................... ...........2,139,834 .......................... ..........6.000 ........12.345 MON.. .......................... ...........233,066 02/08/2007. 02/25/2037.<br />
02148F AN 5 ALTERNATIVE LN 07 4CB M CMO.................................................... ....... .. .......23 .5FE .................37,700 ..........1.955 .................38,535 ............1,971,120 .................38,526 .......................... ....................98 ...........1,902,294 .......................... ..........5.844 ..........5.983 MON.. ...............9,599 ...........115,028 03/16/2007. 04/25/2037.<br />
02660T ER 0 AMERICAN HOME MTG INV 05-2 5A1.............................................. ....... .. .......23 .1FE ..........22,154,738 ........71.241 ..........16,648,966 ..........23,369,922 ..........22,338,840 .......................... ...........114,712 ............................ .......................... ..........5.064 ..........5.642 MON.. .............98,621 ........1,183,453 06/01/2006. 09/25/2035.<br />
02759* AF 6 AMERICAN MTG TRUST AMMT 93-3 A............................................ ....... .. .......23 .....6* .................30,422 ......104.203 .................29,626 .................28,431 .................29,626 .................(772) .................(351) ............................ .......................... ..........8.440 ..........7.275 MON.. ..................400 ...............2,190 07/06/1993. 09/27/2022.<br />
03072S LD 5 AMERIQUEST MTG SEC AMSI 03-IA1.............................................. ....... .. .........2 .1FE ............3,292,696 ........97.668 ............3,211,378 ............3,288,055 ............3,291,165 .......................... .................(610) ............................ .......................... ..........4.965 ..........4.951 MON.. .............13,604 ...........163,252 10/22/2003. 11/25/2033.<br />
059494 AL 8 BANC AMER ALT LN 06 9 B1 CMO................................................... ....... .. .........2 .6FE ............5,474,868 ..........7.590 ...............414,190 ............5,457,042 ...............414,190 .....................(6) .................(615) ...........5,059,585 .......................... ..........6.250 ..........6.220 MON.. .............28,422 ...........341,043 01/22/2007. 01/25/2037.<br />
05948K LW 7 BANC AMER ALTERNATIVE LN 04-2................................................ ....... .. .........2 .1FE ............7,906,650 ........82.938 ............6,154,435 ............7,420,525 ............7,812,096 .......................... ............(39,796) ............................ .......................... ..........6.000 ..........5.448 MON.. .............37,103 ...........445,231 02/06/2004. 03/25/2034.<br />
05949T BG 3 BANC AMER FDG 06 1 3A2 CMO...................................................... ....... .. .........2 .1FE ............2,818,614 ........74.540 ............2,162,010 ............2,900,470 ............2,823,002 .......................... ...............2,810 ............................ .......................... ..........5.500 ..........5.740 MON.. .............13,294 ...........159,526 01/18/2007. 01/25/2036.<br />
058931 AG 1 BANC AMER FDG 06 3 3A2 CMO...................................................... ....... .. .........2 .1FE ............1,281,060 ........62.938 ...............821,104 ............1,304,624 ............1,282,234 .......................... ..................680 ............................ .......................... ..........5.750 ..........5.903 MON.. ...............6,251 .............75,016 01/18/2007. 03/25/2036.<br />
05951K BC 6 BANC AMER FDG 06 7 T2A6 CMO................................................... ....... .. .........2 .4FE ............4,165,525 ........48.682 ............2,025,171 ............4,160,000 ............4,165,386 .......................... ......................8 ............................ .......................... ..........6.217 ..........6.207 MON.. .............21,552 ...........258,610 01/12/2007. 10/25/2036.<br />
05951F AJ 3 BANC AMER FDG 07 1 TA7 CMO..................................................... ....... .. .......23 .4FE ...............611,163 ........27.163 ...............611,168 ............2,250,000 ...............611,163 .......................... .......................... ...........1,638,837 .......................... ..........6.189 ..........6.189 MON.. .......................... ...........139,240 01/12/2007. 01/25/2037.<br />
05951G CL 4 BANC AMER FDG 07 2 M1 CMO....................................................... ....... .. .......23 .1FE ............1,219,113 ........24.851 ............1,218,987 ............4,905,183 ............1,218,964 .......................... ...................(97) ...........3,688,797 .......................... ..........6.074 ..........6.069 MON.. .............24,830 ...........297,904 05/08/2007. 03/25/2037.<br />
05951G AQ 5 BANC AMER FDG 07 2 1A2 CMO...................................................... ....... .. .........2 .1FE ..........21,139,874 ........44.796 ............9,603,366 ..........21,438,000 ..........21,152,360 .......................... ...............7,953 ............................ .......................... ..........6.000 ..........6.121 MON.. ...........107,190 ........1,286,277 06/06/2007. 03/25/2037.<br />
05950M AR 1 BANC AMER FDG 2006 G M7 144A C............................................... ....... .. .......23 .6FE .................56,328 ..........2.480 .................74,400 ............3,000,000 .................74,399 .......................... ...............3,823 ..............485,563 .......................... ..........3.708 ........27.389 MON.. .......................... ...........129,851 07/28/2006. 07/27/2036.<br />
05949A H5 2 BANC AMER MTG SECS INC 2005A C............................................. ....... .. .......23 .1FE .................31,233 ........43.000 .................13,513 .................31,425 .................31,425 .......................... ....................80 ............................ .......................... ..........6.276 ..........6.276 MON.. ..................164 ...............1,951 07/26/2007. 02/25/2035.<br />
05948X K3 4 BANC AMER MTG SECS 03-10 2A1 C.............................................. ....... .. .........2 .1FE ..........13,546,175 ........94.246 ..........12,478,170 ..........13,240,000 ..........13,478,925 .......................... ............(33,618) ............................ .......................... ..........5.500 ..........5.286 MON.. .............60,683 ...........728,199 02/20/2004. 01/25/2034.<br />
05949A DN 7 BANC AMER MTG SECS 04-D 2A8 VA............................................. ....... .. .......23 .1FE ............5,999,892 ........63.705 ............3,822,300 ............6,000,000 ............5,999,909 .......................... ......................4 ............................ .......................... ..........4.134 ..........4.134 MON.. .............20,670 ...........248,040 04/07/2004. 05/25/2034.<br />
05949A K7 4 BANC AMER MTG SECS 05-1 1CB2................................................. ....... .. .........2 .1FE ..........12,421,775 ........70.028 ............8,590,335 ..........12,267,000 ..........12,376,390 .......................... ............(36,341) ............................ .......................... ..........5.500 ..........5.347 MON.. .............56,224 ...........674,685 01/14/2005. 02/25/2035.<br />
05948X VC 2 BANC AMER MTG 03-I 2A6 ARM PST.............................................. ....... .. .......23 .1FE ............2,876,636 ........78.521 ............2,252,951 ............2,869,234 ............2,870,154 .......................... ..............(1,221) ............................ .......................... ..........4.147 ..........4.145 MON.. ...............9,917 ...........131,497 04/15/2004. 10/25/2033.<br />
05946X 2Z 5 BANC AMERICA FNDG CORP 05-8 4A............................................. ....... .. .........2 .1FE ............9,896,875 ........69.345 ............6,934,500 ..........10,000,000 ............9,904,487 .......................... ...............4,388 ............................ .......................... ..........5.750 ..........5.833 MON.. .............47,917 ...........574,944 12/21/2005. 01/25/2036.<br />
05949C JW 7 BANC AMERICA MTG SECURITIES IN............................................. ....... .. .........2 .1FE .................40,807 ........94.625 .................39,914 .................42,181 .................41,021 .......................... ..................169 ............................ .......................... ..........4.750 ..........5.265 MON.. ..................167 ...............2,004 07/26/2007. 10/25/2020.<br />
05947U B5 6 BANC OF AMERICA COM MTGE BACM.......................................... C.... .. .........2 .1FE ..........15,075,298 ........90.848 ..........13,627,200 ..........15,000,000 ..........15,033,074 .......................... ............(11,209) ............................ .......................... ..........4.512 ..........4.426 MON.. .............56,400 ...........676,800 12/17/2004. 12/10/2042.<br />
05946X AR 4 BANC OF AMERICA FD CORP BAFC 0............................................ ....... .. .........2 .1FE ...............909,266 ........99.872 ............1,103,124 ............1,104,537 ...............927,699 .......................... .............38,371 ............................ .......................... ..........6.750 ..........8.782 MON.. ...............6,213 .............74,556 08/22/2000. 11/20/2032.<br />
05948K EY 1 BANK OF AMERICA ALTERNATIVE LN............................................ ....... .. .........2 .1FE ..........24,165,674 ........88.303 ..........21,963,605 ..........24,873,000 ..........24,397,912 .......................... .............21,740 ............................ .......................... ..........5.000 ..........5.310 MON.. ...........103,638 ........1,243,651 11/06/2003. 09/25/2018.<br />
05948X JV 4 BANK OF AMERICA MTG SECS INC 2............................................. ....... .. .........2 .1FE ............2,625,442 ........95.518 ............2,381,086 ............2,492,814 ............2,555,218 .......................... ............(21,535) ............................ .......................... ..........5.000 ..........4.381 MON.. .............10,387 ...........124,641 05/02/2003. 06/25/2018.<br />
05948X RF 0 BANK OF AMERICA MTG SECS 2003-............................................. ....... .. .........2 .1FE ..........17,717,344 ........74.222 ..........13,359,960 ..........18,000,000 ..........17,771,222 .......................... .............27,353 ............................ .......................... ..........5.000 ..........5.130 MON.. .............75,000 ...........900,001 09/05/2003. 08/25/2033.<br />
07384M YY 2 BEAR STEARNS ARM TR 2003-7 CL................................................ ....... .. .......23 .1FE ............5,730,614 ........78.212 ............4,636,923 ............5,928,659 ............5,824,205 .......................... .............79,338 ............................ .......................... ..........4.750 ..........5.205 MON.. .............23,468 ...........281,277 12/15/2003. 10/25/2033.<br />
07387A FL 4 BEAR STEARNS ARM 05-11 5A2 VR................................................ ....... .. .......23 .1FE ............5,358,578 ........30.531 ............1,665,627 ............5,455,528 ............5,367,034 .......................... ...............2,942 ............................ .......................... ..........5.482 ..........5.629 MON.. .............24,923 ...........299,021 12/12/2005. 12/25/2035.<br />
07387A GA 7 BEAR STEARNS ARM 05-12 13A2 AR.............................................. ....... .. .......23 .1FE ............5,417,743 ........33.281 ............1,827,028 ............5,489,702 ............5,417,982 .......................... ..............(3,095) ............................ .......................... ..........5.445 ..........5.564 MON.. .............24,911 ...........298,839 01/06/2006. 02/25/2036.<br />
07384Y MB 9 BEAR STEARNS ASSET BCKD SECS 0........................................... ....... .. .........2 .1FE ............5,089,753 ........87.892 ............4,646,916 ............5,287,075 ............5,120,894 .......................... .............10,571 ............................ .......................... ..........5.000 ..........5.380 MON.. .............22,029 ...........264,353 01/06/2006. 10/25/2033.<br />
07383F BH 0 BEAR STEARNS COM MTG SECS 99-W......................................... ....... .. .......23 .1FE ............1,695,078 ........98.377 ............1,598,626 ............1,625,000 ............1,634,808 .......................... ............(11,279) ............................ .......................... ..........7.276 ..........6.626 MON.. ...............9,854 ...........120,056 03/25/2002. 07/15/2031.<br />
15131G NA 8 CEND MTG BISHOPS GATE 2002-2 C.............................................. ....... .. .........2 ....1Z ...............285,765 ........90.250 ...............271,643 ...............300,990 ...............288,563 .......................... ..................965 ............................ .......................... ..........6.250 ..........6.716 MON.. ...............1,568 .............18,812 02/14/2002. 03/25/2032.<br />
161505 EA 6 CHASE COMMERCIAL MTGE SEC CCMS....................................... C.... .. .........2 .1FE ............3,431,036 ......100.085 ............2,981,741 ............2,979,208 ............3,073,411 .......................... ..........(113,783) ............................ .......................... ..........7.757 ..........4.088 MON.. .............19,258 ...........231,097 02/24/2005. 04/15/2032.<br />
16162T U2 0 CHASE MTG FIN TR 2002-S4 CL B1................................................. ....... .. .........2 .1FE ............3,364,771 ........99.914 ............3,491,250 ............3,494,255 ............3,391,431 .......................... ...............9,142 ............................ .......................... ..........6.250 ..........6.598 MON.. .............18,199 ...........218,391 02/22/2002. 03/25/2032.<br />
16162Y AH 8 CHASE MTG FIN 06 S4 A8 CMO....................................................... ....... .. .........2 .1FE ..........12,495,020 ........40.613 ............5,076,625 ..........12,500,000 ..........12,495,262 .......................... ..................138 ............................ .......................... ..........6.000 ..........6.003 MON.. .............62,500 ...........750,000 04/20/2007. 12/25/2036.<br />
16163F AG 0 CHASE MTG FIN 07 S1 A7 CMO....................................................... ....... .. .........2 .2FE ............3,998,750 ........49.431 ............1,977,240 ............4,000,000 ............3,998,839 .......................... ....................64 ............................ .......................... ..........6.000 ..........6.003 MON.. .............20,000 ...........239,992 04/09/2007. 02/25/2037.<br />
16163H AG 6 CHASE MTG FIN 07 S3 1A7 CMO..................................................... ....... .. .........2 .1FE ..........18,328,125 ........42.567 ............7,832,328 ..........18,400,000 ..........18,331,394 .......................... ...............1,958 ............................ .......................... ..........6.000 ..........6.034 MON.. .............92,000 ........1,104,000 04/27/2007. 05/25/2037.<br />
161631 AF 3 CHASE MTG FIN 07 S5 1A6 CMO..................................................... ....... .. .........2 .2FE ..........26,154,141 ........41.705 ..........11,260,350 ..........27,000,000 ..........26,188,742 .......................... .............23,189 ............................ .......................... ..........6.000 ..........6.278 MON.. ...........135,000 ........1,620,000 06/26/2007. 07/25/2037.<br />
125432 AM 6 CHL MTG PSTHR TR 06 12 B2 CMO................................................. ....... .. .........2 .6FE ...............139,065 ........20.193 ...............141,701 ...............701,731 ...............141,700 .......................... ...............1,248 ..............483,098 .......................... ..........6.000 ..........7.143 MON.. .......................... .............42,104 07/12/2006. 07/25/2036.<br />
170257 AJ 8 CHL MTG PSTHR TR 06 16 3A5 CMO............................................... ....... .. .........2 .1FE ............6,433,250 ........67.213 ............4,301,632 ............6,400,000 ............6,431,432 .......................... .................(889) ............................ .......................... ..........6.000 ..........5.955 MON.. .............32,000 ...........384,000 01/03/2007. 11/25/2036.<br />
170255 AS 2 CHL MTG PSTHR TR 2007 1 CL A8.................................................. ....... .. .........2 .1FE ............3,359,096 ........74.112 ............2,486,385 ............3,354,902 ............3,358,896 .......................... .................(120) ............................ .......................... ..........6.000 ..........5.989 MON.. .............16,775 ...........201,296 04/20/2007. 03/25/2037.
E10.80<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
12543R AX 7 CHL MTG PSTHR TR 2007 3 CL A22................................................ ....... .. .........2 .2FE ..........10,251,000 ........43.152 ............4,423,512 ..........10,251,000 ..........10,251,000 .......................... .......................... ............................ .......................... ..........6.000 ..........6.000 MON.. .............51,255 ...........615,038 05/01/2007. 04/25/2037.<br />
12543R BZ 1 CHL MTG PSTHR TR 2007 3 CL M C................................................ ....... .. .........2 .1FE ..........28,303,274 ..........7.552 ............2,134,844 ..........28,268,590 ..........28,301,365 .......................... ..............(1,032) ............................ .......................... ..........6.000 ..........5.989 MON.. ...........141,343 ........1,696,057 02/22/2007. 04/25/2037.<br />
12544R CT 3 CHL MTG PSTHR TR 2007 4 CL 1A6................................................ ....... .. .........2 .3FE ............2,314,925 ........13.000 ...............301,600 ............2,320,000 ............2,315,145 .......................... ..................132 ............................ .......................... ..........6.000 ..........6.019 MON.. .............11,600 ...........139,199 05/09/2007. 05/25/2037.<br />
12544R CU 0 CHL MTG PSTHR 07 4 1A67 CMO.................................................... ....... .. .........2 .3FE ............5,189,784 ........13.000 ...............681,944 ............5,245,725 ............5,192,292 .......................... ...............1,433 ............................ .......................... ..........6.000 ..........6.092 MON.. .............26,229 ...........314,741 04/13/2007. 05/25/2037.<br />
12545A AH 7 CHL MTG PSTHR 07 8 1A8 CMO...................................................... ....... .. .........2 .1FE ..........22,102,272 ........79.370 ..........17,759,011 ..........22,374,967 ..........22,116,599 .......................... .............10,275 ............................ .......................... ..........6.000 ..........6.114 MON.. ...........111,875 ........1,342,446 06/05/2007. 01/25/2038.<br />
172973 FV 6 CITICORP MTG SEC CMSI 02-12 1A................................................ ....... .. .........2 .1FE ............4,218,013 ........88.187 ............3,695,605 ............4,190,646 ............4,212,164 .......................... ..............(3,184) ............................ .......................... ..........5.750 ..........5.693 MON.. .............20,080 ...........240,945 12/09/2002. 12/25/2032.<br />
17310B AD 6 CITICORP MTG SECS 06 3 1A4 CMO............................................... ....... .. .........2 .1FE ............3,865,625 ........70.974 ............2,838,960 ............4,000,000 ............3,871,280 .......................... ...............4,019 ............................ .......................... ..........6.000 ..........6.308 MON.. .............20,000 ...........240,000 07/30/2007. 06/25/2036.<br />
17310D AS 9 CITICORP MTG SECS 06 4 B1 CMO................................................. ....... .. .......23 .1FE ............6,000,942 ........35.000 ............2,128,676 ............6,081,931 ............6,007,660 .......................... ...............3,460 ............................ .......................... ..........5.899 ..........6.024 MON.. .............29,899 ...........358,934 08/24/2006. 08/25/2036.<br />
17310D AT 7 CITICORP MTG SECS 06 4 B2 CMO................................................. ....... .. .......23 .1FE ............1,900,474 ........22.000 ...............430,041 ............1,954,734 ............1,904,938 .......................... ...............2,302 ............................ .......................... ..........5.899 ..........6.161 MON.. ...............9,610 ...........115,361 08/24/2006. 08/25/2036.<br />
17310D AU 4 CITICORP MTG SECS 06 4 B3 CMO................................................. ....... .. .......23 .2FE ............1,205,274 ........17.000 ...............221,591 ............1,303,478 ............1,213,130 .......................... ...............4,080 ............................ .......................... ..........5.899 ..........6.639 MON.. ...............6,408 .............76,927 08/24/2006. 08/25/2036.<br />
173105 AB 3 CITICORP MTG SECS 07 1 A2 CMO................................................. ....... .. .........2 .1FE ............4,937,536 ........66.077 ............3,252,412 ............4,922,154 ............4,936,715 .......................... .................(450) ............................ .......................... ..........6.000 ..........5.973 MON.. .............24,611 ...........295,329 02/16/2007. 01/25/2037.<br />
173107 AD 5 CITICORP MTG SECS 07 2 1A4 CMO............................................... ....... .. .........2 .1FE ............4,141,816 ........74.074 ............3,071,849 ............4,147,000 ............4,142,097 .......................... ..................172 ............................ .......................... ..........6.000 ..........6.011 MON.. .............20,735 ...........248,820 03/28/2007. 02/25/2037.<br />
17312X AC 8 CITICORP MTG SECS 07 4 1A3 CMO............................................... ....... .. .........2 .1FE ..........10,306,160 ........55.391 ............6,073,069 ..........10,964,000 ..........10,316,773 .......................... ...............5,329 ............................ .......................... ..........6.000 ..........6.458 MON.. .............54,820 ...........657,840 09/04/2007. 05/25/2037.<br />
17312X AD 6 CITICORP MTG SECS 07 4 1A4 CMO............................................... ....... .. .........2 .1FE ............7,543,066 ........60.596 ............4,544,700 ............7,500,000 ............7,541,185 .......................... ..............(1,282) ............................ .......................... ..........6.000 ..........5.951 MON.. .............37,500 ...........450,000 05/07/2007. 05/25/2037.<br />
17312K AD 4 CITICORP MTG SECS 07 5 1A4 CMO............................................... ....... .. .........2 .1FE ..........19,494,535 ........73.335 ..........14,446,995 ..........19,700,000 ..........19,502,815 .......................... ...............5,460 ............................ .......................... ..........6.000 ..........6.090 MON.. .............98,500 ........1,182,000 05/31/2007. 06/25/2037.<br />
17312F AH 6 CITICORP MTG SECS 07-3 1A8 CMO.............................................. ....... .. .........2 .1FE ............7,277,617 ........65.802 ............4,801,572 ............7,297,000 ............7,278,488 .......................... ..................527 ............................ .......................... ..........6.000 ..........6.023 MON.. .............36,485 ...........437,820 05/07/2007. 04/25/2037.<br />
17307G ZQ 4 CITIGROUP MTG LN 05-5 3B3 CMO................................................. ....... .. .......23 .6FE .................29,219 ..........1.330 .................41,033 ............3,085,170 .................41,032 .......................... .......................... ...........1,288,394 .......................... ..........5.405 ........16.778 MON.. .......................... ...........165,673 07/25/2006. 08/25/2035.<br />
17309F BF 4 CITIGROUP MTG LN 06 AR5 2B3 CM............................................... ....... .. .......23 .6FE .................19,738 ..........1.580 .................23,584 ............1,492,647 .................23,390 .......................... ...............1,036 ...........1,404,127 .......................... ..........6.320 ..........6.797 MON.. .......................... .............94,334 07/24/2006. 07/25/2036.<br />
17310S AJ 6 CITIGROUP MTG LN 07 2 B1 VR RT................................................. ....... .. .......23 .6FE ...............638,853 ..........4.000 ...............385,988 ............9,649,696 ...............385,988 ......................1 ..............(2,894) ...........9,440,985 .......................... ..........6.541 ..........9.650 MON.. .......................... ...........630,809 02/06/2007. 11/25/2036.<br />
17310S AK 3 CITIGROUP MTG LN 07 2 B2 VR RT................................................. ....... .. .......23 .6FE .................78,211 ..........3.270 .................78,180 ............2,390,814 .................66,437 .......................... ...................(12) ...........2,325,105 .......................... ..........6.541 ..........6.538 MON.. .............13,032 ...........156,290 02/06/2007. 12/25/2036.<br />
17310S AL 1 CITIGROUP MTG LN 07 2 B3 VR RT................................................. ....... .. .......23 .6FE .................23,945 ..........1.630 .................27,867 ............1,709,635 .................20,972 .......................... ...............1,530 ...........1,589,880 .......................... ..........6.541 ..........7.133 MON.. .......................... ...........111,760 02/06/2007. 11/25/2036.<br />
12566Q AU 7 CMALT CITIMTG ALT LN 07 A1 B1.................................................... ....... .. .......23 .6FE ..........14,162,663 ..........7.359 ............1,050,393 ..........14,273,583 ............1,050,393 ...................(53) ...............3,533 .........13,118,600 .......................... ..........5.982 ........81.647 MON.. .............71,162 ...........854,033 02/22/2007. 01/25/2037.<br />
204012 AF 5 COMMUNITY PROGRAM LN TR 87A CL.......................................... ....... .. .........2 .1FE ............2,366,643 ........84.937 ............5,205,948 ............6,129,187 ............4,991,779 .......................... ...........121,020 ..............487,864 .......................... ..........4.500 ..........8.628 AO...... .......................... ...........275,813 02/02/1989. 10/01/2029.<br />
12667F NM 3 COUNTRYWIDE ALTERNATIVE LN TR............................................ C.... .. .........2 .1FE ............8,217,008 ........78.525 ............6,615,731 ............8,425,000 ............8,267,065 .......................... ...............8,211 ............................ .......................... ..........5.000 ..........5.254 MON.. .............35,104 ...........421,250 09/15/2004. 08/25/2019.<br />
12667F YJ 8 COUNTRYWIDE ALTERNATIVE LN TR............................................ C.... .. .........2 .1FE ............9,992,969 ........84.045 ............8,404,500 ..........10,000,000 ............9,994,115 .......................... ..................424 ............................ .......................... ..........5.000 ..........5.006 MON.. .............41,667 ...........500,004 11/02/2004. 01/25/2035.<br />
12667F 5J 0 COUNTRYWIDE ALTERNATIVE LN TR............................................ C.... .. .........2 .1FE ..........12,515,625 ........75.582 ............9,447,750 ..........12,500,000 ..........12,513,717 .......................... .................(518) ............................ .......................... ..........5.500 ..........5.490 MON.. .............57,292 ...........687,504 03/01/2005. 04/25/2035.<br />
12667G TS 2 COUNTRYWIDE ALTERNATIVE LN TR............................................ C.... .. .........2 .1FE ..........10,031,250 ........58.622 ............5,862,200 ..........10,000,000 ..........10,027,760 .......................... .................(980) ............................ .......................... ..........5.500 ..........5.474 MON.. .............45,833 ...........550,000 05/09/2005. 07/25/2035.<br />
12667G T6 0 COUNTRYWIDE ALTERNATIVE LN TR............................................ C.... .. .........2 .1FE ..........11,092,318 ........76.695 ............8,470,196 ..........11,044,000 ..........11,084,195 .......................... ..............(4,860) ............................ .......................... ..........5.500 ..........5.455 MON.. .............50,618 ...........607,420 09/27/2005. 08/25/2035.<br />
12667G XV 0 COUNTRYWIDE ALTERNATIVE LN TR............................................ C.... .. .........2 .1FE ..........19,031,094 ........67.920 ..........12,904,800 ..........19,000,000 ..........19,026,965 .......................... ..............(1,871) ............................ .......................... ..........5.250 ..........5.236 MON.. .............83,125 ...........997,500 06/16/2005. 08/25/2035.<br />
12669D 6P 8 COUNTRYWIDE HOME LNS CWHL 03-J.......................................... ....... .. .......23 .1FE ............2,297,126 ........92.663 ............2,113,690 ............2,281,050 ............2,295,594 .......................... ..............(1,756) ............................ .......................... ..........5.417 ..........5.327 MON.. .............10,298 ...........123,742 04/16/2003. 05/25/2033.<br />
12669E ZE 9 COUNTRYWIDE HOMES LN 2003-34 A............................................ ....... .. .........2 .1FE ..........19,273,125 ........93.478 ..........17,760,820 ..........19,000,000 ..........19,205,436 .......................... ............(42,300) ............................ .......................... ..........5.250 ..........5.118 MON.. .............83,125 ...........997,500 09/05/2003. 09/25/2033.<br />
2254W0 KS 3 CRED SUISSE FRST BOST MTG 04-7............................................. ....... .. .......23 .5FE ...............358,238 ........17.531 ...............272,099 ............1,552,100 ...............363,067 .......................... ...............3,657 ..............761,558 .......................... ..........5.827 ..........9.221 MON.. .......................... .............82,805 09/18/2006. 11/25/2034.<br />
225470 F6 5 CS FIRST BOSTON MTG SEC 20056-.............................................. ....... .. .......23 .1FE .................49,468 ........78.987 .................39,494 .................50,000 .................49,534 .......................... ....................44 ............................ .......................... ..........5.552 ..........5.772 MON.. ..................231 ...............2,808 07/26/2007. 02/15/2039.<br />
22541Q WY 4 CS FIRST BOSTON MTG SECS 03-23.............................................. ....... .. .........2 .1FE ............6,183,544 ........92.500 ............5,832,153 ............6,305,030 ............6,212,131 .......................... .............10,503 ............................ .......................... ..........5.500 ..........5.658 MON.. .............28,898 ...........346,777 09/05/2003. 09/25/2033.<br />
22541Q WZ 1 CS FIRST BOSTON MTG SECS 03-23.............................................. ....... .. .........2 .1FE ............3,939,515 ........93.949 ............3,429,390 ............3,650,268 ............3,878,548 .......................... .............49,032 ............................ .......................... ..........6.000 ..........5.329 MON.. .............18,251 ...........218,935 09/16/2003. 09/25/2033.<br />
22541Q XA 5 CS FIRST BOSTON MTG SECS 03-23.............................................. ....... .. .........2 .1FE ...............729,068 ........88.844 ...............547,348 ...............616,078 ...............691,469 .......................... ............(13,612) ............................ .......................... ..........6.500 ..........5.235 MON.. ...............3,337 .............40,021 09/05/2003. 09/25/2033.<br />
22541N X2 0 CS FIRST BOSTON MTG SECS 2003-.............................................. ....... .. .........2 .1FE ............1,054,525 ........85.949 ...............629,868 ...............732,839 ...............897,334 .......................... ............(44,025) ............................ .......................... ..........6.500 ..........4.413 MON.. ...............3,970 .............47,635 03/13/2003. 04/25/2033.<br />
22541S AN 8 CS FIRST BOSTON MTG 04-1 CL 3A................................................ ....... .. .........2 .1FE ...............262,590 ........89.469 ...............170,117 ...............190,141 ...............241,430 .......................... ..............(8,060) ............................ .......................... ..........7.000 ..........4.582 MON.. ...............1,109 .............13,270 02/18/2004. 02/25/2034.<br />
225470 FJ 7 CS FIRST BOSTON MTGE SEC CSFB............................................. ....... .. .........2 .4FE ...............536,864 ........62.938 ...............332,535 ...............528,354 ...............536,004 .......................... .................(513) ............................ .......................... ..........6.000 ..........5.859 MON.. ...............2,642 .............31,701 10/11/2005. 11/25/2035.<br />
22541Q HV 7 CS FRT BOST MTG SECS 03-17 CL................................................. ....... .. .........2 .1FE ............1,152,947 ........89.581 ...............866,090 ...............966,824 ............1,083,220 .......................... ............(22,759) ............................ .......................... ..........5.500 ..........4.341 MON.. ...............4,431 .............53,175 06/30/2003. 06/25/2033.<br />
2254W0 BZ 7 CS FRT BST MTG ACP CRP 02-34 C................................................ ....... .. .........2 .1FE ...............139,113 ........80.351 .................69,471 .................86,460 .................86,460 .......................... ..............(4,345) ............................ .......................... ..........7.500 ..........7.500 MON.. ..................540 ...............6,485 01/14/2003. 12/25/2032.<br />
22540V G7 1 CSFB MTG SECS CORP 2002-9 1A2................................................ ....... .. .........2 .1FE ............1,638,829 ........94.139 ...............999,705 ............1,061,945 ............1,061,945 .......................... ..........(178,379) ............................ .......................... ..........7.500 ..........7.500 MON.. ...............6,637 .............79,755 12/18/2002. 03/25/2032.<br />
126380 AA 2 CSMC MTG BACKED TR 2006-9 CL 1.............................................. ....... .. .........2 .1FE ...............693,620 ........71.109 ...............523,441 ...............736,111 ...............696,809 .......................... ...............1,860 ............................ .......................... ..........5.000 ..........5.505 MON.. ...............3,067 .............36,766 09/01/2006. 11/25/2036.<br />
225475 AA 0 CSMC 2007-1R CTF CL A 144A......................................................... ....... .. .........2 .....6* .................11,982 ......101.250 .................12,095 .................11,946 .................11,980 .......................... .....................(2) ............................ .......................... ..........9.220 ..........9.183 MON.. ....................92 ...............1,129 01/30/2007. 10/25/2030.<br />
23245L BC 3 CWALT ALT LN 06 J8 M CMO............................................................ ....... .. .........2 .5FE ...............165,674 ..........5.148 ...............152,332 ............2,959,048 ...............152,321 .......................... ..................325 ...........2,787,479 .......................... ..........6.000 ..........6.061 MON.. .......................... ...........177,520 01/12/2007. 02/25/2037.<br />
12667F N9 2 CWALT INC 04-34T1 A5 CMO............................................................ ....... .. .........2 .1FE ...............663,742 ........79.348 ...............555,436 ...............700,000 ...............666,580 .......................... ...............1,301 ............................ .......................... ..........5.500 ..........5.977 MON.. ...............3,208 .............38,500 09/20/2006. 02/25/2035.<br />
12668A AD 7 CWALT INC 05-47CB A4 MTG PSTHR.............................................. ....... .. .........2 .1FE ............6,700,088 ........60.615 ............4,218,804 ............6,960,000 ............6,720,503 .......................... ...............5,558 ............................ .......................... ..........5.500 ..........5.812 MON.. .............31,900 ...........382,789 02/17/2006. 10/25/2035.<br />
12668B CV 3 CWALT INC 05-77T1 1M CMO........................................................... ....... .. .........2 .1FE ............1,312,868 ........11.393 ...............981,745 ............8,617,093 ............1,306,894 .......................... ...............2,280 ...........7,127,929 .......................... ..........6.000 ..........6.194 MON.. .......................... ...........517,026 08/29/2006. 02/25/2036.<br />
12668B VN 0 CWALT INC 06 9T1 A13 CMO............................................................ ....... .. .......23 .5FE ...............838,906 ........26.658 ...............233,258 ...............875,000 ...............841,420 .......................... ...............1,131 ............................ .......................... ..........5.750 ..........6.118 MON.. ...............4,193 .............50,313 09/05/2006. 05/25/2036.<br />
12668B KT 9 CWALT INC 06-J1 M CMO................................................................. ....... .. .......23 .5FE ............1,023,920 ..........5.350 ............1,030,478 ..........19,261,266 ............1,030,473 .......................... ...............4,749 .........17,661,850 .......................... ..........5.594 ..........5.873 MON.. .......................... ........1,077,504 01/04/2007. 02/25/2036.<br />
12668B QB 2 CWALT INC 06-4CB 2A7 CMO........................................................... ....... .. .........2 .1FE ..........10,019,303 ........59.626 ............6,285,177 ..........10,541,000 ..........10,073,393 .......................... .............27,850 ............................ .......................... ..........5.500 ..........5.971 MON.. .............48,313 ...........579,755 04/11/2006. 04/25/2036.<br />
12668A YS 8 CWALT INC 2005-57CV CL 4A3 CMO............................................... ....... .. .........2 .1FE .................29,134 ........83.932 .................24,575 .................29,279 .................29,142 .......................... ......................7 ............................ .......................... ..........5.500 ..........5.545 MON.. ..................134 ...............1,610 07/26/2007. 12/25/2035.<br />
12668A UU 7 CWALT INC 2005-60T1 CL A5 CMO.................................................. ....... .. .........2 .1FE ..........13,341,563 ........63.959 ............8,954,260 ..........14,000,000 ..........13,389,551 .......................... .............19,524 ............................ .......................... ..........5.500 ..........5.912 MON.. .............64,167 ...........770,008 08/03/2006. 12/25/2035.
E10.81<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
12668A XX 8 CWALT INC 2005-63 CL B3 VR RT.................................................... ....... .. .......23 .4FE ............................. ..........0.174 ...................3,571 ............2,052,317 ...................3,571 .......................... .......................... ...........1,733,816 .......................... ..........5.534 ..........7.693 MON.. .......................... ...........250,331 07/31/2006. 12/25/2035.<br />
12667F YV 1 CWALT 2004-28CB CL 6A1................................................................ ....... .. .........2 .1FE .................41,835 ........87.938 .................37,335 .................42,456 .................41,867 .......................... ....................28 ............................ .......................... ..........6.000 ..........6.141 MON.. ..................212 ...............2,547 07/26/2007. 01/25/2035.<br />
12667G 5G 4 CWALT 2005-40CB CLA1 ALT-A........................................................ ....... .. .........2 .1FE ...............390,738 ........73.701 ...............307,503 ...............417,231 ...............392,952 .......................... ...............1,274 ............................ .......................... ..........5.500 ..........6.085 MON.. ...............1,912 .............22,947 07/06/2006. 10/25/2035.<br />
12669F V9 1 CWMBS INC 04-HYB4 M CMO.......................................................... ....... .. .......23 .1FE .................18,319 ........60.672 .................11,914 .................19,636 .................18,349 .......................... ....................28 ............................ .......................... ..........4.577 ..........5.223 MON.. ....................75 ..................919 09/14/2007. 09/20/2034.<br />
12669G R3 7 CWMBS INC 05-15 A7 CMO............................................................... ....... .. .........2 .1FE ............4,931,250 ........88.564 ............4,428,200 ............5,000,000 ............4,944,764 .......................... ...............9,123 ............................ .......................... ..........5.500 ..........5.660 MON.. .............22,917 ...........275,000 12/15/2005. 08/25/2035.<br />
126694 HL 5 CWMBS INC 05-25 A7 MTG PSTHR C.............................................. ....... .. .........2 .1FE ............4,974,497 ........71.668 ............3,676,568 ............5,130,000 ............4,993,883 .......................... .............10,516 ............................ .......................... ..........5.500 ..........5.798 MON.. .............23,513 ...........282,152 02/17/2006. 11/25/2035.<br />
12669C Q3 7 CWMBS INC 2002-11 CL CB2 ALT L................................................. ....... .. .........2 .1FE ............5,888,893 ........99.794 ............5,627,147 ............5,638,763 ............5,821,965 .......................... ............(37,094) ............................ .......................... ..........6.500 ..........6.137 MON.. .............30,543 ...........366,481 07/09/2002. 08/25/2032.<br />
12669E 4S 2 CWMBS INC 2003-51 CL 3A1 ALT L.................................................. ....... .. .........2 .1FE ............4,236,855 ........85.731 ............3,544,725 ............4,134,707 ............4,219,003 .......................... ..............(6,952) ............................ .......................... ..........6.000 ..........5.581 MON.. .............20,674 ...........248,082 08/28/2003. 10/25/2033.<br />
12669F Z5 5 CWMBS INC 2004-J6 3A1 CMO......................................................... ....... .. .........2 .1FE ..........11,460,164 ........97.625 ..........11,012,339 ..........11,280,245 ..........11,385,268 .......................... ............(28,414) ............................ .......................... ..........5.000 ..........4.793 MON.. .............47,001 ...........564,012 09/29/2004. 08/25/2019.<br />
12669F P2 3 CWMBS INC 2004-12 CL 1M VR RT.................................................. ....... .. .......23 .2FE .................41,877 ........27.908 .................11,703 .................41,935 .................41,885 .......................... ......................8 ............................ .......................... ..........4.732 ..........4.787 MON.. ..................165 ...............2,047 07/26/2007. 08/25/2034.<br />
12669F T2 9 CWMBS INC 2004-14 2A5 CMO......................................................... ....... .. .......23 .1FE ............7,044,976 ........94.109 ............6,714,677 ............7,135,000 ............7,077,193 .......................... .............31,893 ............................ .......................... ..........4.679 ..........4.912 MON.. .............27,822 ...........334,075 05/24/2004. 08/25/2034.<br />
126694 GV 4 CWMBS INC 2005-23 CL A2 CMO..................................................... ....... .. .........2 .1FE ..........23,500,895 ........77.301 ..........18,317,681 ..........23,696,565 ..........23,569,182 .......................... .............11,320 ............................ .......................... ..........5.500 ..........5.630 MON.. ...........108,609 ........1,303,319 09/13/2005. 11/25/2035.<br />
126694 4E 5 CWMBS INC 2006-HYB3 CL 3A1A..................................................... ....... .. .......23 .1FE .................42,081 ........89.700 .................37,262 .................41,541 .................42,067 .......................... .....................(9) ............................ .......................... ..........6.095 ..........6.006 MON.. ..................211 ...............2,526 07/26/2007. 05/20/2036.<br />
126694 XC 7 CWMBS INC 2006-1 CLA2.................................................................. ....... .. .........2 .1FE .................42,401 ........66.938 .................28,935 .................43,227 .................42,440 .......................... ....................32 ............................ .......................... ..........6.000 ..........6.180 MON.. ..................216 ...............2,593 07/26/2007. 03/25/2036.<br />
12670A AM 3 CWMBS MTG PSTHR TR 06 14 B2 CM............................................. ....... .. .......23 .5FE .................51,395 ..........4.730 .................51,082 ............1,079,954 .................51,082 .......................... .......................... ..............185,973 .......................... ..........6.250 ........38.742 MON.. .......................... .............67,491 07/25/2006. 09/25/2036.<br />
12669Y AP 7 CWMBS MTG PSTHR 06 J4 B2 CMO................................................ ....... .. .........2 .6FE .................77,176 ..........5.426 .................79,376 ............1,462,874 .................79,376 .....................(7) ...............1,849 ...........1,266,931 .......................... ..........6.250 ..........7.070 MON.. ....................37 .............91,430 08/07/2006. 09/25/2036.<br />
12669Y AQ 5 CWMBS MTG PSTHR 06 J4 B3 144A................................................ ....... .. .........2 .6FE .................23,449 ..........2.961 .................27,074 ...............914,370 .................27,074 .................(843) ...............2,077 ..............756,378 .......................... ..........6.250 ..........8.069 MON.. .......................... .............57,149 08/07/2006. 09/25/2035.<br />
12669M AH 1 CWMBS 07 J1 CL B2 CMO................................................................. ....... .. .........2 .6FE ...............264,927 ........15.745 ...............266,826 ............1,694,674 ...............266,826 .......................... ...............2,147 ...........1,292,969 .......................... ..........6.000 ..........6.799 MON.. .......................... ...........101,680 02/15/2007. 02/25/2037.<br />
12669M AG 3 CWMBS 07-J1 CL B1 CMO................................................................ ....... .. .........2 .6FE ...............421,092 ........16.935 ...............417,384 ............2,464,622 ...............417,384 .....................(7) ..................573 ...........2,012,858 .......................... ..........6.000 ..........6.133 MON.. .......................... ...........147,877 02/15/2007. 02/25/2037.<br />
241912 AA 2 DEAN WITTER MTG DWMC 1 P-O SEQ........................................... ....... .. .........2 .1FE ...................5,692 ......102.126 ...................7,036 ...................6,889 ...................6,543 .......................... ....................88 ............................ .......................... ..........6.500 ..........8.792 MON.. ....................75 ..................403 10/27/1988. 12/01/2016.<br />
251510 LM 3 DEUTSCHE ALT A SECS INC 06-AR1.............................................. ....... .. .........2 .2FE ............4,830,760 ........47.000 ............2,840,114 ............6,042,795 ............4,890,250 .......................... .............61,207 ............................ .......................... ..........5.830 ........10.042 MON.. .............29,358 ...........176,122 06/12/2008. 02/25/2036.<br />
251510 CT 8 DEUTSCHE ALT A SECS INC 2003-4............................................... ....... .. .........2 .1FE ............6,000,530 ........96.286 ............5,778,361 ............6,001,247 ............6,000,813 .......................... ..................205 ............................ .......................... ..........4.970 ..........4.971 MON.. .............24,855 ...........298,262 11/18/2003. 10/25/2033.<br />
251510 KR 3 DEUTSCHE ALT A SECS 05-6 M CMO............................................. ....... .. .........2 .1FE ............9,490,412 ........10.021 ............1,002,680 ..........10,005,790 ............9,528,755 .......................... .............16,152 ............................ .......................... ..........5.500 ..........5.963 MON.. .............45,860 ...........550,318 09/07/2006. 12/25/2035.<br />
251513 BE 6 DEUTSCHE ALT B SECS MTG LN 06............................................... ....... .. .......23 .1FE ..........15,003,562 ........61.658 ............9,240,068 ..........14,986,000 ..........15,002,008 .......................... ..............(1,049) ............................ .......................... ..........5.850 ..........5.838 MON.. .............73,057 ...........876,681 01/23/2007. 10/25/2036.<br />
251563 EM 0 DEUTSCHE MTG SECS MTG 04-4 IA4............................................. ....... .. .........2 .1FE ............1,673,000 ........94.089 ............1,574,998 ............1,673,945 ............1,673,216 .......................... ..................150 ............................ .......................... ..........5.830 ..........5.835 MON.. ...............8,133 .............97,591 05/12/2004. 04/25/2034.<br />
251563 DL 3 DEUTSCHE MTG SECS 04-2 A5 CMO.............................................. ....... .. .........2 .1FE ............6,999,085 ........79.469 ............5,562,830 ............7,000,000 ............6,999,210 .......................... ....................29 ............................ .......................... ..........5.660 ..........5.661 MON.. .............33,017 ...........396,200 02/19/2004. 01/25/2034.<br />
251563 DM 1 DEUTSCHE MTG SECS 04-2 A6 CMO.............................................. ....... .. .........2 .1FE ............6,233,028 ........97.810 ............6,098,134 ............6,234,674 ............6,233,495 .......................... ..................256 ............................ .......................... ..........4.680 ..........4.683 MON.. .............24,315 ...........291,783 02/19/2004. 01/25/2034.<br />
251563 EN 8 DEUTSCHE MTG SECS 04-4 IA5 CMO............................................. ....... .. .........2 .1FE ..........17,006,357 ........76.806 ..........13,533,985 ..........17,621,000 ..........17,054,303 .......................... ...............8,064 ............................ .......................... ..........6.000 ..........6.270 MON.. .............88,105 ........1,060,323 05/12/2004. 04/25/2034.<br />
261915 AC 6 DREXEL BURNHAM CMO TR DBL F 3............................................. ....... .. .........2 .1FE ...............172,181 ......108.500 ...............187,033 ...............172,381 ...............172,381 .......................... .......................... ............................ .......................... ..........9.150 ..........9.158 FMAN. ...............2,629 .............15,315 02/26/1987. 03/01/2017.<br />
30251T AA 7 FIRST CHICAGO NATL BK CHICAGO.............................................. ....... .. ........... .1FE ............3,423,396 ......130.185 ............4,333,237 ............3,328,523 ............3,365,819 .......................... ..............(5,375) ............................ .......................... ..........8.080 ..........7.822 JJ....... ...........131,484 ...........268,945 05/16/1996. 01/05/2018.<br />
32051D C3 4 FIRST HORIZON ASSET SEC FHASI............................................... C.... .. .........2 .1FE ............7,903,887 ........95.188 ............7,557,373 ............7,939,418 ............7,916,175 .......................... ...............6,260 ............................ .......................... ..........4.500 ..........4.567 MON.. .............29,773 ...........357,274 12/13/2004. 09/25/2018.<br />
32051D L6 7 FIRST HORIZON ASSET SEC FHASI............................................... C.... .. .......23 .1FE ............5,529,805 ........69.446 ............4,047,418 ............5,828,151 ............5,587,442 .......................... .............24,022 ............................ .......................... ..........5.127 ..........5.601 MON.. .............24,901 ...........299,032 09/05/2003. 10/25/2033.<br />
32051D YL 0 FIRST HORIZON MTG PSTHR TR 200............................................. ....... .. .........2 .1FE ............5,185,223 ........96.102 ............4,279,365 ............4,452,941 ............5,023,218 .......................... ............(74,164) ............................ .......................... ..........8.000 ..........6.524 MON.. .............29,686 ...........356,236 07/30/2003. 07/25/2033.<br />
32051G T5 4 FIRST HORIZON MTG PSTHR TR 200............................................. ....... .. .........2 .1FE ..........34,269,408 ........57.829 ..........20,946,820 ..........36,222,000 ..........34,452,560 .......................... .............92,154 ............................ .......................... ..........5.500 ..........6.006 MON.. ...........166,018 ........1,992,209 06/01/2006. 04/25/2036.<br />
32051D 6R 8 FIRST HORIZON MTG PSTHR 04-AR5............................................. ....... .. .......23 .1FE .................72,697 ........63.581 .................46,272 .................72,777 .................72,700 .......................... ......................4 ............................ .......................... ..........5.699 ..........5.711 MON.. ..................346 ...............4,150 07/26/2007. 10/25/2034.<br />
32056J AE 4 FIRST HORIZON MTG PSTHR 07 AR3............................................. ....... .. .......23 .1FE .................42,078 ........64.593 .................27,305 .................42,272 .................42,079 .......................... ......................2 ............................ .......................... ..........6.302 ..........6.347 MON.. ..................222 ...............2,665 08/24/2007. 11/25/2037.<br />
32051D SE 3 FIRST HORIZON MTG TR 2002-9 CL................................................ ....... .. .........2 .1FE ..........12,849,957 ......101.075 ..........12,611,478 ..........12,477,346 ..........12,595,866 .......................... ............(13,148) ............................ .......................... ..........5.750 ..........5.649 MON.. .............59,787 ...........717,485 04/03/2003. 02/25/2033.<br />
32052R AN 0 FIRST HORIZON MTG 06 3 1A13 CM................................................ ....... .. .........2 .1FE ............5,023,438 ........73.783 ............3,689,150 ............5,000,000 ............5,022,377 .......................... .................(650) ............................ .......................... ..........6.250 ..........6.208 MON.. .............26,042 ...........312,500 05/31/2007. 11/25/2036.<br />
33736X AZ 2 FIRST UNION NATL BK COMM MTG 2............................................. ....... .. .........2 .1FE ...............999,946 ......100.200 ............1,002,000 ............1,000,000 ...............999,988 .......................... ......................7 ............................ .......................... ..........7.281 ..........7.282 MON.. ...............6,068 .............72,810 11/16/2000. 10/15/2032.<br />
36828Q MC 7 GE CAPITAL COM MTG GECMC 05-C2........................................... C.... .. .........2 .1FE ..........10,049,566 ........81.949 ............8,194,900 ..........10,000,000 ..........10,033,944 .......................... ..............(4,620) ............................ .......................... ..........4.978 ..........4.914 MON.. .............41,483 ...........497,800 05/13/2005. 05/10/2043.<br />
36185* AY 7 GMAC MTG CORP 25TH FHA PROJ LN........................................... ....... .. .........2 ......1 ............1,111,558 ......100.500 ............1,233,106 ............1,226,971 ............1,128,023 .......................... .............10,368 ............................ .......................... ..........7.430 ..........9.023 MON.. ...............7,597 .............91,164 05/19/1992. 10/01/2021.<br />
36185M BP 6 GMAC MTG LN 05-AR6 4A2 VR RT C............................................... ....... .. .......23 .1FE ............3,396,416 ........97.656 ............3,376,640 ............3,457,688 ............3,401,417 .......................... ...............1,470 ............................ .......................... ..........5.466 ..........5.611 MON.. .............15,750 ...........188,909 12/12/2005. 11/19/2035.<br />
36185M AE 2 GMAC MTGE CORP GMACM 05-HE2 A5......................................... ....... .. .........2 .5FE ..........10,000,000 ........21.825 ............2,182,500 ..........10,000,000 ..........10,000,000 .......................... .......................... ............................ .......................... ..........5.156 ..........5.156 MON.. .............42,967 ...........515,600 06/14/2005. 11/25/2035.<br />
36185N G4 6 GMAC MTGE CORP GMACM 2003-AR2........................................... C.... .. .......23 .1FE ..........21,639,644 ........91.105 ..........20,146,049 ..........22,113,000 ..........21,688,113 .......................... .............20,717 ............................ .......................... ..........4.301 ..........4.484 MON.. .............79,275 ...........951,137 11/13/2003. 12/19/2033.<br />
36185M CK 6 GMACM MTG LN 05-J1 A-13 CMO.................................................... ....... .. .........2 .1FE ............5,884,219 ........82.277 ............4,936,620 ............6,000,000 ............5,898,821 .......................... ...............7,520 ............................ .......................... ..........5.500 ..........5.684 MON.. .............27,500 ...........330,000 12/21/2005. 12/25/2035.<br />
36185N L6 5 GMACM MTGE LOAN TR CORP 2003-J........................................... ....... .. .........2 .1FE ..........16,288,720 ........91.996 ..........15,186,093 ..........16,507,340 ..........16,334,293 .......................... ...............4,022 ............................ .......................... ..........5.500 ..........5.607 MON.. ...........151,317 ...........881,424 08/01/2008. 01/25/2034.<br />
393505 BK 7 GREEN TREE 93-3 A7........................................................................ ....... .. .........2 .1FE ...............348,352 ........89.541 ...............328,217 ...............366,555 ...............366,555 .......................... .......................... ............................ .......................... ..........6.400 ..........6.391 MON.. ...............1,043 .............23,459 12/03/1993. 10/15/2018.<br />
393505 MG 4 GREEN TREE 96-3 M1....................................................................... ....... .. .........2 .5FE ............1,607,037 ........51.937 ............1,084,687 ............2,088,467 ............1,610,059 .......................... .......................... ............................ .......................... ..........7.700 ..........7.720 MON.. .......................... ...........160,812 04/15/1996. 05/15/2027.<br />
393505 MR 0 GREEN TREE 96-4 M1....................................................................... ....... .. .........2 .5FE ............1,762,909 ........56.934 ............1,985,259 ............3,486,948 ............1,765,099 .......................... .......................... ............................ .......................... ..........7.750 ..........7.758 MON.. .......................... .......................... 05/23/1996. 06/15/2027.<br />
393505 PD 8 GREEN TREE 96-6 M1....................................................................... ....... .. .........2 .4FE ............3,635,500 ........60.685 ............2,427,400 ............4,000,000 ............3,639,617 .......................... .......................... ............................ .......................... ..........7.950 ..........7.978 MON.. .......................... ...........318,000 07/25/1996. 09/15/2027.<br />
396789 BF 5 GREENWICH CAPITAL COM FDG GCCF......................................... ....... .. .........2 .1FE ..........15,253,125 ........90.212 ..........13,531,800 ..........15,000,000 ..........15,135,907 .......................... ............(34,471) ............................ .......................... ..........4.948 ..........4.670 MON.. .............61,850 ...........742,199 05/13/2005. 01/11/2035.<br />
362341 7T 0 GS MTG SECS CORP 06-1F 4A2 PST.............................................. ....... .. .........2 .1FE ...............820,964 ........62.500 ...............531,916 ...............851,065 ...............823,267 .......................... ..................732 ............................ .......................... ..........5.500 ..........5.796 MON.. ...............3,901 .............46,809 02/28/2006. 02/25/2036.<br />
36228F 3Q 7 GS MTG SECS CORP 2004-3 CL AF5............................................... ....... .. .......23 .1FE ............6,521,695 ........95.445 ............6,224,867 ............6,521,941 ............6,521,840 .......................... ....................31 ............................ .......................... ..........5.699 ..........5.700 MON.. .............30,974 ...........371,685 05/25/2004. 04/25/2034.
E10.82<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
362341 4F 3 GS MTG SECS CORP 2006 AR1 CL 3.............................................. ....... .. .......23 .1FE .................45,126 ........69.426 .................31,590 .................45,502 .................45,139 .......................... ....................11 ............................ .......................... ..........5.376 ..........5.453 MON.. ..................204 ...............2,446 07/26/2007. 01/25/2036.<br />
36228C UV 3 GS MTGE SEC CORP II GSMS 05-RO.............................................. ....... .. .........2 .1FE ..........12,241,000 ........66.781 ............8,013,720 ..........12,000,000 ..........12,213,751 .......................... ..............(8,098) ............................ .......................... ..........5.366 ..........5.204 MON.. .............53,660 ...........643,920 05/17/2005. 05/03/2032.<br />
3622MP BK 3 GSR MTG LN TR 2007 1F CL M1 CM................................................ ....... .. .......23 .1FE ............9,740,285 ........55.660 ............5,679,728 ..........10,204,326 ............9,766,002 .......................... .............18,148 ............................ .......................... ..........5.889 ..........6.333 MON.. .............50,082 ...........600,962 06/07/2007. 01/25/2037.<br />
45660L 2J 7 INDYMAC MBS INC 05-AR35 2A2 VR............................................... ....... .. .......23 .1FE ............9,915,265 ........17.000 ............1,675,126 ............9,853,681 ............9,898,659 .......................... ............(12,951) ............................ .......................... ..........5.985 ..........5.933 MON.. .............49,152 ...........589,073 01/09/2006. 12/25/2035.<br />
45660L K5 7 INDYMAC MBS INC 05-A12 A4 CMO................................................ ....... .. .........2 .1FE ..........11,304,563 ........76.235 ............8,805,143 ..........11,550,000 ..........11,334,013 .......................... .............14,332 ............................ .......................... ..........5.500 ..........5.699 MON.. .............52,938 ...........635,250 12/22/2005. 11/25/2035.<br />
45660L K6 5 INDYMAC MBS INC 2005-A12 CL A5................................................ ....... .. .........2 .1FE ............7,768,750 ........57.454 ............4,596,320 ............8,000,000 ............7,796,906 .......................... .............13,536 ............................ .......................... ..........5.500 ..........5.772 MON.. .............36,667 ...........440,000 11/29/2005. 11/25/2035.<br />
45660L TS 8 INDYMAC MBS INC 2005-A9 CLA5 C................................................ ....... .. .........2 .2FE ............6,648,473 ........69.533 ............4,759,408 ............6,844,819 ............6,725,980 .......................... .............20,904 ............................ .......................... ..........5.500 ..........6.089 MON.. .............31,372 ...........376,465 05/23/2006. 07/25/2035.<br />
46625Y GN 7 JP MORGAN CHASE COMMERCIAL MTG....................................... ....... .. .........2 .1FE ..........14,946,094 ........83.990 ..........12,598,500 ..........15,000,000 ..........14,973,692 .......................... ...............7,927 ............................ .......................... ..........4.853 ..........4.916 MON.. .............60,663 ...........727,950 04/07/2005. 03/15/2046.<br />
46625Y NA 7 JP MORGAN CHASE COMMERCIAL MTG....................................... C.... .. .........2 .1FE ..........10,049,932 ........91.702 ............9,170,200 ..........10,000,000 ..........10,014,629 .......................... ............(10,592) ............................ .......................... ..........4.575 ..........4.460 MON.. .............38,125 ...........457,500 06/14/2005. 07/15/2042.<br />
466247 TM 5 JP MORGAN MORTGAGE TRUST 2005-.......................................... ....... .. .......23 .1FE .................48,849 ........57.261 .................28,631 .................50,000 .................48,906 .......................... ....................43 ............................ .......................... ..........5.137 ..........5.343 MON.. ..................214 ...............2,569 07/26/2007. 09/25/2035.<br />
466247 GB 3 JP MORGAN MTG TR 2004-A5 CL 4A............................................... ....... .. .......23 .1FE .................51,963 ........81.930 .................43,273 .................52,817 .................52,015 .......................... ....................46 ............................ .......................... ..........4.828 ..........4.974 MON.. ..................213 ...............2,548 07/26/2007. 12/25/2034.<br />
466247 LU 5 JP MORGAN MTG 05-A1 4A1 CMO................................................... ....... .. .......23 .1FE .................41,967 ........78.024 .................33,573 .................43,030 .................42,029 .......................... ....................50 ............................ .......................... ..........4.776 ..........4.999 MON.. ..................171 ...............2,055 07/26/2007. 02/25/2035.<br />
46629A AB 7 JP MORGAN MTG 06 S3 1A2 CMO................................................... ....... .. .........2 .2FE ............3,745,988 ........52.614 ............2,009,855 ............3,820,000 ............3,750,202 .......................... ...............3,073 ............................ .......................... ..........6.000 ..........6.190 MON.. .............19,100 ...........229,179 06/20/2007. 08/25/2036.<br />
46629S AC 6 JP MORGAN MTG 06 S4 A3 CMO..................................................... ....... .. .........2 .1FE ..........19,259,300 ........53.880 ..........10,776,000 ..........20,000,000 ..........19,423,439 .......................... .............15,920 ............................ .......................... ..........6.000 ..........6.267 MON.. ...........100,000 ........1,199,749 07/26/2007. 01/25/2037.<br />
493918 BV 7 KIDDER PEABODY ACCEPT KP 93-1............................................... ....... .. .........2 ......1 ...................7,068 ........94.216 ...................7,232 ...................7,676 ...................7,211 .......................... ....................59 ............................ .......................... ..........6.500 ..........7.512 MON.. ....................42 ..................499 07/09/1993. 08/25/2023.<br />
52521H BX 0 LEHMAN MTG 06 9 B1 CMO.............................................................. ....... .. .......23 .6FE ...............183,508 ..........5.395 ...............177,615 ............3,292,212 ...............177,607 .......................... .................(196) ...........3,125,159 .......................... ..........6.253 ..........6.224 MON.. .......................... ...........205,308 01/12/2007. 01/25/2037.<br />
543134 20 9 LONGPORT FDG LTD 144A PREF SHS........................................... ....... .. .......23 .3FE .................50,746 ................... ............................. ............1,392,039 ......................278 .......................... .......................... ..............204,176 .......................... ........10.000 ........11.443 JAJO.. .......................... .............34,801 01/22/2003. 01/30/2038.<br />
576434 GY 4 MASTER ALT LN TR 2003-7 CL 3A1................................................. ....... .. .........2 .1FE ..........18,525,967 ........84.500 ..........15,877,322 ..........18,789,730 ..........18,580,137 .......................... .............19,830 ............................ .......................... ..........5.500 ..........5.620 MON.. .............86,120 ........1,033,394 09/09/2003. 11/25/2033.<br />
576434 AE 4 MASTER ALTERNATIVE LN TR 2002-.............................................. ....... .. .........2 .1FE ...............667,204 ........99.794 ...............646,700 ...............648,035 ...............653,753 .......................... ..............(5,092) ............................ .......................... ..........6.500 ..........6.386 MON.. ...............3,510 .............42,072 06/12/2002. 07/25/2032.<br />
576433 WN 2 MASTR ADJ RATE MTGS 04-13 3A8................................................ ....... .. .......23 .1FE ............2,459,031 ........39.349 ............1,023,074 ............2,600,000 ............2,472,227 .......................... ...............2,775 ............................ .......................... ..........3.787 ..........4.125 MON.. ...............8,205 .............98,471 11/05/2004. 11/21/2034.<br />
576433 NB 8 MASTR ADJ RT MTG 04-5 7A1 CMO................................................ ....... .. .......23 .1FE ............2,542,438 ........72.563 ............1,861,472 ............2,565,319 ............2,537,847 .......................... ..............(4,220) ............................ .......................... ..........4.906 ..........4.998 MON.. .............10,488 ...........126,345 11/01/2006. 05/25/2034.<br />
576433 GS 9 MASTR ADJ RT MTGS TR 2003-6 CL............................................... ....... .. .......23 .1FE ...............639,476 ........79.840 ...............479,964 ...............601,158 ...............625,118 .......................... ..............(6,868) ............................ .......................... ..........4.554 ..........4.199 MON.. ...............2,282 .............28,000 11/18/2003. 12/25/2033.<br />
57645D AV 4 MASTR ALT LN TR 06 3 B3 ALT CM................................................. ....... .. .......23 .6FE .................20,890 ..........1.024 .................16,255 ............1,587,425 .................16,255 .......................... .......................... ..............457,817 .......................... ..........6.301 ........13.598 MON.. .......................... .............99,925 07/12/2006. 07/25/2036.<br />
57645D AW 2 MASTR ALT LN TR 06 3 B4 ALT CM................................................. ....... .. .......23 .6FE ............................. ..........0.376 ...................2,597 ...............690,677 ...................2,596 .......................... .......................... ..............302,524 .......................... ..........6.301 ........20.300 MON.. .......................... .............98,776 07/12/2006. 07/25/2036.<br />
576434 BR 4 MASTR ALTERNATIVE LN TR MALT 0............................................. ....... .. .........2 .1FE ............6,183,268 ........94.340 ............5,833,295 ............6,183,268 ............6,183,268 .......................... .......................... ............................ .......................... ..........4.924 ..........4.924 MON.. .............25,372 ...........303,931 11/15/2002. 12/25/2032.<br />
576434 2B 9 MASTR ALTERNATIVE LN TR 06-1 A............................................... ....... .. .........2 .2FE ............4,989,844 ........43.455 ............2,172,750 ............5,000,000 ............4,990,943 .......................... ..................557 ............................ .......................... ..........6.000 ..........6.019 MON.. .............25,000 ...........299,946 02/17/2006. 02/25/2036.<br />
576434 KU 7 MASTR ALTERNATIVE LN TR 2003-9............................................... ....... .. .........2 .1FE ............1,917,362 ........95.969 ............1,779,508 ............1,854,253 ............1,887,621 .......................... ..............(9,587) ............................ .......................... ..........5.500 ..........5.078 MON.. ...............8,499 ...........101,979 11/06/2003. 12/25/2018.<br />
576434 LT 9 MASTR ALTERNATIVE LN 04-1 2A1................................................. ....... .. .........2 .1FE ...............300,229 ........89.469 ...............179,689 ...............200,840 ...............221,710 .......................... ...............1,205 ............................ .......................... ..........7.000 ..........3.195 MON.. ...............1,172 .............14,046 01/06/2004. 01/25/2034.<br />
576434 PM 0 MASTR ALTERNATIVE LN 04-3 B3 V................................................ ....... .. .......23 .1FE ............1,532,946 ........52.525 ...............886,720 ............1,688,187 ............1,563,883 .......................... .............16,588 ............................ .......................... ..........6.512 ..........7.510 MON.. ...............9,162 ...........109,907 06/15/2004. 04/25/2034.<br />
576434 JW 5 MASTR ALTERNATIVE 2003-8 3A3................................................... ....... .. .........2 .1FE ............2,176,049 ........88.074 ............1,933,474 ............2,195,283 ............2,179,557 .......................... ...............1,387 ............................ .......................... ..........5.500 ..........5.577 MON.. .............10,062 ...........120,741 01/06/2004. 12/25/2033.<br />
55265K PG 8 MASTR ASSET SEC TR MASTR 02-8............................................... C.... .. .........2 .1FE ............8,388,858 ........99.894 ............8,255,788 ............8,264,549 ............8,360,797 .......................... ............(18,168) ............................ .......................... ..........5.849 ..........5.699 MON.. .............40,283 ...........485,165 12/04/2002. 12/25/2032.<br />
55265K 4H 9 MASTR ASSET SEC TR MASTR 03-12............................................. ....... .. .........2 .1FE ............6,219,440 ........82.843 ............5,230,520 ............6,313,775 ............6,239,889 .......................... .............12,252 ............................ .......................... ..........5.047 ..........5.197 MON.. .............26,555 ...........319,834 01/23/2004. 12/25/2033.<br />
57643M FC 3 MASTR ASSET SEC TR MASTR 04-9............................................... C.... .. .........2 .1FE ..........16,328,114 ........89.776 ..........14,674,282 ..........16,345,440 ..........16,334,169 .......................... ...............2,984 ............................ .......................... ..........4.750 ..........4.765 MON.. .............64,701 ...........776,199 08/20/2004. 09/25/2019.<br />
61745M ZA 4 MORGAN STANLEY CAP I INC 2004-............................................... ....... .. .........2 .1FE ..........10,593,750 ........86.860 ............8,686,000 ..........10,000,000 ..........10,363,967 .......................... ............(62,794) ............................ .......................... ..........5.434 ..........4.622 MON.. .............45,288 ...........547,225 01/31/2005. 06/15/2038.<br />
61745M QM 8 MORGAN STANLEY CAP I MSC 03-IQ............................................. C.... .. .........2 .1FE ............9,575,000 ........86.069 ............8,606,900 ..........10,000,000 ............9,768,844 .......................... .............52,363 ............................ .......................... ..........4.070 ..........4.715 MON.. .............33,917 ...........407,000 01/06/2005. 05/15/2040.<br />
61745M YY 3 MORGAN STANLEY CAP I MSC 04-IQ............................................. C.... .. .........2 .1FE ............4,797,653 ........97.683 ............4,622,201 ............4,731,838 ............4,744,319 .......................... ............(19,953) ............................ .......................... ..........5.020 ..........4.684 MON.. .............19,795 ...........250,994 03/14/2005. 06/15/2038.<br />
61745M 2C 6 MORGAN STANLEY CAP I MSC 05-IQ............................................. C.... .. .........2 .1FE ..........10,492,688 ........82.366 ............8,813,162 ..........10,700,000 ..........10,600,779 .......................... .............31,183 ............................ .......................... ..........4.540 ..........4.883 MON.. .............40,482 ...........485,780 04/06/2005. 07/15/2056.<br />
61745M 5G 4 MORGAN STANLEY CAP I MSC 05-T1............................................. C.... .. .........2 .1FE ............5,027,225 ........81.445 ............4,072,250 ............5,000,000 ............5,019,081 .......................... ..............(2,520) ............................ .......................... ..........4.890 ..........4.820 MON.. .............20,375 ...........244,500 07/19/2005. 06/12/2047.<br />
61745M 2F 9 MORGAN STANLEY CAP I MSC 05-1Q............................................ ....... .. .........2 .1FE ..........10,042,490 ........81.722 ............8,172,200 ..........10,000,000 ..........10,027,640 .......................... ..............(4,117) ............................ .......................... ..........4.700 ..........4.645 MON.. .............39,167 ...........470,000 02/15/2005. 07/15/2056.<br />
61749W AW 7 MORGAN STANLEY MTG LN TR 06 11............................................ ....... .. .........2 .4FE ............5,616,240 ........12.500 ...............716,500 ............5,732,000 ............5,624,306 .......................... ...............3,507 ............................ .......................... ..........6.000 ..........6.179 MON.. .............28,660 ...........343,843 08/01/2006. 07/25/2036.<br />
61748H NF 4 MORGAN STANLEY MTG LN 05-6AR B........................................... ....... .. .......23 .5FE ............3,815,848 ..........8.906 ...............619,344 ............6,954,238 ............3,816,597 .......................... .....................(5) ............................ .......................... ..........5.579 ........13.262 MON.. .......................... ...........386,579 11/29/2005. 11/25/2035.<br />
61748H RA 1 MORGAN STANLEY MTG LN 05-9AR 3............................................ ....... .. .......23 .3FE ............2,419,497 ........42.000 ............1,026,233 ............2,443,412 ............2,419,535 .......................... .................(856) ............................ .......................... ..........5.526 ..........5.616 MON.. .............11,253 ...........135,051 01/06/2006. 12/25/2035.<br />
61749W AR 8 MORGAN STANLEY MTG LN 06 11 2A............................................. ....... .. .........2 .4FE ...............961,625 ........12.750 ...............972,188 ............7,625,000 ...............972,188 .......................... ...............4,504 ...........6,508,790 .......................... ..........6.000 ..........6.179 MON.. .............38,125 ...........457,381 08/01/2006. 08/25/2036.<br />
61748H HW 4 MORGAN STANLEY MTG LOAN TR MSM....................................... C.... .. .........2 .1FE ............7,667,639 ........81.967 ............6,282,646 ............7,664,849 ............7,666,593 .......................... .................(975) ............................ .......................... ..........5.250 ..........5.244 MON.. .............33,534 ...........402,404 03/09/2005. 03/25/2035.<br />
61913P AR 3 MORTGAGE IT TR 2005-1 CL 2A CM................................................ ....... .. .......23 .1FE ............3,413,870 ........68.379 ............2,357,564 ............3,447,789 ............3,419,459 .......................... ...............2,748 ............................ .......................... ..........4.250 ..........4.327 MON.. .............12,211 ...........146,531 01/14/2005. 02/25/2035.<br />
643528 AD 4 NEW CENTURY ALT MTG LN TR 06 A............................................. C.... .. .......23 .1FE ..........21,912,695 ........64.288 ..........14,159,432 ..........22,025,000 ..........21,917,199 .......................... ....................80 ............................ .......................... ..........6.310 ..........6.350 MON.. ...........115,815 ........1,389,836 06/07/2006. 07/25/2036.<br />
65535V KZ 0 NOMURA ASSET ACCEP CORP 05-WF1......................................... ....... .. .......23 .3FE ............7,672,870 ........23.780 ............1,824,639 ............7,673,000 ............7,672,885 .......................... ......................5 ............................ .......................... ..........5.755 ..........5.755 MON.. .............36,798 ...........441,556 04/13/2005. 03/25/2035.<br />
65535V KU 1 NOMURA ASSET ACCEP CORP 2005-W......................................... ....... .. .........2 .1FE ............2,692,691 ........99.386 ............2,677,516 ............2,694,057 ............2,692,963 .......................... ..................192 ............................ .......................... ..........4.786 ..........4.791 MON.. .............10,745 ...........128,930 05/02/2005. 03/25/2035.<br />
65535V CM 8 NOMURA ASSET ACCEP 04-AP1 A5 C............................................ ....... .. .........2 .1FE ............2,999,950 ........74.164 ............2,224,920 ............3,000,000 ............2,999,957 .......................... ......................1 ............................ .......................... ..........5.803 ..........5.803 MON.. .............14,508 ...........174,144 02/05/2004. 03/25/2034.<br />
65535V PF 9 NOMURA ASSET ACCEP 05-AP3 A5 C............................................ ....... .. .......23 .1FE ............9,519,464 ........60.091 ............5,914,265 ............9,842,181 ............9,658,321 .......................... .............41,257 ............................ .......................... ..........5.190 ..........5.807 MON.. .............42,567 ...........510,809 12/13/2005. 08/25/2035.<br />
65536P AC 4 NOMURA ASSET CORP ALT LN TR 06............................................ ....... .. .........2 .4FE ..........10,305,703 ........58.892 ..........10,306,100 ..........17,500,000 ..........10,306,023 .......................... ..................129 ...........7,193,940 .......................... ..........6.159 ..........6.160 MON.. .............89,819 ........1,077,825 05/08/2006. 05/25/2036.<br />
674135 BD 9 OAKWOOD MORTGAGE INC 96-B A6.............................................. ....... .. .........2 .1FE ............3,785,697 ........84.723 ............3,216,520 ............3,796,513 ............3,795,409 .......................... ..................997 ............................ .......................... ..........8.000 ..........8.035 MON.. .............25,310 ...........303,721 07/18/1996. 10/15/2026.<br />
675748 BE 6 OCWEN RES MBS OCMBS 98-R3 B1 M........................................... ....... .. .........2 .3FE ............8,152,744 ..........8.000 ............1,019,321 ..........12,741,514 ............8,216,236 .......................... .............63,492 ............................ .......................... ..........6.750 ........11.660 MON.. .......................... ...........373,278 12/31/2002. 09/25/2038.<br />
74161B AT 2 PRIME MTG TR 06 1 B1 CMO............................................................ ....... .. .......23 .5FE ...............547,204 ..........7.896 ...............529,057 ............6,700,322 ...............529,086 .......................... ..............(4,177) ...........6,179,364 .......................... ..........6.235 ..........6.223 MON.. .......................... ...........411,567 09/05/2006. 06/25/2036.
E10.83<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
76110F H5 5 RALI RALI 99-QS4 M1 MEZ................................................................ ....... .. .........2 .1FE ............1,249,169 ........99.830 ............1,280,033 ............1,282,212 ............1,272,693 .......................... ...............9,059 ............................ .......................... ..........6.250 ..........6.622 MON.. ...............6,678 .............79,964 03/25/1999. 03/25/2014.<br />
751155 AV 4 RALI SER 06 QS10 M1 MEZZ CMO................................................... ....... .. .........2 .6FE ............1,017,158 ..........6.235 ............1,008,102 ..........16,168,432 ............1,008,102 ...................(54) ..................295 .........15,146,944 .......................... ..........6.250 ..........6.258 MON.. .......................... ........1,010,527 09/06/2006. 08/25/2036.<br />
751155 BC 5 RALI SER 06-QS10 A17 CMO............................................................ ....... .. .........2 .4FE ............1,479,727 ........26.326 ...............394,890 ............1,500,000 ............1,480,989 .......................... ..................503 ............................ .......................... ..........6.000 ..........6.116 MON.. ...............7,500 .............90,000 08/24/2006. 08/25/2036.<br />
751155 AQ 5 RALI SER 2006 QS10 A15 CMO........................................................ ....... .. .........2 .4FE ..........14,971,875 ........27.289 ............4,093,350 ..........15,000,000 ..........14,973,642 .......................... ..................705 ............................ .......................... ..........6.000 ..........6.016 MON.. .............75,000 ...........900,000 08/21/2006. 08/25/2036.<br />
751155 BB 7 RALI SER 2006-QS10 TR CL A16 C.................................................. ....... .. .........2 .4FE ............1,972,969 ........26.326 ...............526,520 ............2,000,000 ............1,974,652 .......................... ..................661 ............................ .......................... ..........6.000 ..........6.116 MON.. .............10,000 ...........120,000 08/24/2006. 08/25/2036.<br />
75116B AL 2 RALI SER 2007 QS3 CL M1 CMO...................................................... ....... .. .........2 .6FE ............2,184,091 ..........7.031 ............2,043,056 ..........29,057,826 ............2,042,919 .......................... ..............(1,840) .........27,125,696 .......................... ..........6.250 ..........6.214 MON.. .......................... ........1,816,095 02/22/2007. 02/25/2037.<br />
74922G BL 7 RALI 06 QS14 M1 CMO...................................................................... ....... .. .........2 .6FE ...............267,741 ..........6.551 ...............257,798 ............3,935,251 ...............257,797 .......................... .................(651) ...........3,717,223 .......................... ..........6.500 ..........6.402 MON.. .......................... ...........255,772 01/03/2007. 11/25/2036.<br />
74922L AE 3 RALI 2006-QS16 A5 CMO................................................................... ....... .. .........2 .4FE ..........10,101,278 ........44.201 ............4,515,132 ..........10,215,000 ..........10,107,746 .......................... ...............3,030 ............................ .......................... ..........6.000 ..........6.096 MON.. .............51,075 ...........612,813 10/19/2006. 11/25/2036.<br />
761118 AY 4 RESID ACCREDIT LNS INC 05-QS9.................................................. ....... .. .........2 .1FE ..........33,988,480 ........66.698 ..........23,494,704 ..........35,225,500 ..........34,137,545 .......................... .............81,836 ............................ .......................... ..........5.500 ..........5.850 MON.. ...........161,450 ........1,937,264 04/11/2006. 06/25/2035.<br />
76110H 3H 0 RESID ACCREDIT LNS 05-QS5 M2.................................................. ....... .. .........2 .6FE ............1,662,377 ........10.145 ...............184,942 ............1,822,989 ...............184,942 ......................7 ...............6,535 ...........1,491,152 .......................... ..........5.750 ..........6.060 MON.. .............17,470 .............96,087 08/02/2006. 04/25/2035.<br />
76110G K9 1 RESIDENTIAL ACCRD LNS 2002 QS1.............................................. ....... .. .........2 .1FE ...............984,989 ........99.796 ...............947,335 ...............949,271 ...............965,990 .......................... ..............(6,237) ............................ .......................... ..........6.250 ..........6.046 MON.. ...............4,944 .............59,329 07/18/2002. 08/25/2032.<br />
761118 KJ 6 RESIDENTIAL ACCREDIT LNS INC 2............................................... ....... .. .........2 .3FE ...............210,491 ........62.938 ...............135,972 ...............216,041 ...............210,958 .......................... ..................280 ............................ .......................... ..........6.000 ..........6.236 MON.. ...............1,080 .............12,962 06/30/2006. 10/25/2035.<br />
76112B BB 5 RESIDENTIAL ASSET MTG PRODS 04............................................ ....... .. .......23 .1FE ............3,715,777 ........47.403 ............1,761,390 ............3,715,777 ............3,715,777 .......................... .......................... ............................ .......................... ..........5.042 ..........5.042 MON.. .............15,612 ...........187,349 09/15/2004. 09/25/2034.<br />
76112B BC 3 RESIDENTIAL ASSET MTG PRODS 04............................................ ....... .. .......23 .1FE ...............655,535 ........43.015 ...............281,978 ...............655,535 ...............655,535 .......................... .......................... ............................ .......................... ..........5.437 ..........5.437 MON.. ...............2,970 .............35,641 09/15/2004. 10/25/2034.<br />
76111J G2 4 RFMSI RFMSI 02-S19 A15 NAS......................................................... ....... .. .........2 .1FE ............3,016,931 ........99.854 ............2,961,200 ............2,965,530 ............3,006,461 .......................... ..............(3,008) ............................ .......................... ..........6.000 ..........5.849 MON.. .............14,828 ...........177,932 12/09/2002. 12/25/2032.<br />
76200R AK 4 RFMSI SER 07 S7 A10 CMO.............................................................. ....... .. .........2 .1FE ............8,341,967 ........78.326 ............6,917,717 ............8,831,955 ............8,360,903 .......................... .............16,224 ............................ .......................... ..........6.000 ..........6.515 MON.. .............44,160 ...........529,772 08/23/2007. 07/25/2037.<br />
74957V AR 0 RFMSI SER 2006 S6 TR CL A16 CM................................................. ....... .. .........2 .2FE ..........14,196,098 ........43.242 ............6,270,955 ..........14,502,000 ..........14,216,084 .......................... ...............7,948 ............................ .......................... ..........6.000 ..........6.184 MON.. .............72,510 ...........870,120 08/01/2006. 07/25/2036.<br />
74958D AG 3 RFMSI 06 S10 1A7 CMO.................................................................... ....... .. .........2 .1FE ............8,128,106 ........71.019 ............5,751,829 ............8,099,000 ............8,126,707 .......................... .................(811) ............................ .......................... ..........6.000 ..........5.969 MON.. .............40,495 ...........485,940 04/17/2007. 10/25/2036.<br />
74958E BJ 4 RFMSI 06 S12 2M1 CMO.................................................................... ....... .. .........2 .1FE ..........11,760,810 ........31.032 ............3,644,984 ..........11,745,887 ..........11,759,895 .......................... .................(472) ............................ .......................... ..........6.000 ..........5.989 MON.. .............58,729 ...........704,753 01/05/2007. 12/25/2036.<br />
74958Y AC 6 RFMSI 07 S4 A3 CMO........................................................................ ....... .. .........2 .1FE ............6,599,688 ........33.814 ............2,366,980 ............7,000,000 ............6,606,377 .......................... ...............3,504 ............................ .......................... ..........6.000 ..........6.438 MON.. .............35,000 ...........420,000 09/04/2007. 04/25/2037.<br />
76200R AS 7 RFMSI 07 S7 A17 CMO...................................................................... ....... .. .........2 .1FE ..........23,721,139 ........60.767 ..........15,203,296 ..........25,019,000 ..........23,743,452 .......................... .............12,161 ............................ .......................... ..........6.000 ..........6.397 MON.. ...........125,095 ........1,500,729 09/04/2007. 07/25/2037.<br />
783766 MR 6 RYLAND MTG SEC RYMS 93-A1 A CS............................................. ....... .. .......23 .1FE ...............124,324 ........80.058 .................96,952 ...............121,102 ...............124,296 .......................... .................(140) ............................ .......................... ..........7.450 ..........7.031 MON.. ...............1,504 ...............9,028 02/09/1994. 01/28/2023.<br />
783760 RQ 6 RYLAND 86 CL-F 20 SEQ................................................................... ....... .. .........2 ......1 ...............174,754 ......100.250 ...............197,158 ...............196,666 ...............194,651 .......................... ...............1,048 ............................ .......................... ..........8.750 ..........9.980 MON.. ...............2,868 .............17,192 07/18/1989. 04/01/2019.<br />
79548K H7 6 SALOMON BROS MTG SEC VII SBM7............................................. ....... .. .........2 .1FE ...............268,419 ........95.294 ...............259,401 ...............272,211 ...............268,436 .......................... ....................49 ............................ .......................... ..........6.500 ..........6.674 MON.. ...............1,474 .............17,694 06/26/2001. 02/25/2029.<br />
81375F CY 7 SEC ASSET SALES INC SASI 93-7................................................... ....... .. .........2 .1FE .................30,689 ........92.780 .................30,660 .................33,046 .................31,103 .......................... ..................507 ............................ .......................... ..........6.250 ..........7.206 MON.. ..................172 ...............1,893 09/20/1993. 12/25/2023.<br />
863573 AJ 0 SMART 91-1-J 7YR CMO................................................................... ....... .. .........2 .1FE .................10,637 ........99.586 .................14,204 .................14,263 .................14,263 .......................... .......................... ............................ .......................... ..........9.250 ..........9.235 MON.. ..................110 ...............1,320 04/25/1991. 06/25/2022.<br />
863579 XS 2 STRUCTURED ADJ RT MTG LN 05-18............................................. ....... .. .......23 .1FE ............9,901,682 ........40.705 ............4,079,712 ..........10,022,631 ............9,912,379 .......................... ...............4,334 ............................ .......................... ..........5.511 ..........5.613 MON.. .............46,034 ...........552,428 01/09/2006. 09/25/2035.<br />
863579 ZL 5 STRUCTURED ADJ RT MTG LN 05-20............................................. ....... .. .......23 .1FE ..........25,366,250 ........35.000 ............9,100,000 ..........26,000,000 ..........25,401,643 .......................... ..............(6,091) ............................ .......................... ..........5.250 ..........5.425 MON.. ...........113,750 ........1,365,000 01/06/2006. 10/25/2035.<br />
863579 G6 9 STRUCTURED ADJ RT MTG LN 05-22............................................. ....... .. .......23 .3FE .................48,078 ........40.620 .................19,799 .................48,742 .................48,111 .......................... ....................25 ............................ .......................... ..........5.373 ..........5.497 MON.. ..................218 ...............2,619 07/26/2007. 12/25/2035.<br />
86359D DX 2 STRUCTURED ASSET SECS CORP 05-.......................................... ....... .. .........2 .2FE ............7,991,619 ........75.342 ............5,944,409 ............7,889,900 ............7,977,535 .......................... ..............(7,886) ............................ .......................... ..........5.500 ..........5.389 MON.. .............36,162 ...........433,923 06/30/2005. 06/25/2035.<br />
86359B AA 9 STRUCTURED ASSET SECS CORP 200......................................... ....... .. .........2 .1FE ............8,682,511 ........69.302 ............5,994,293 ............8,649,524 ............8,675,143 .......................... ..............(3,057) ............................ .......................... ..........5.500 ..........5.469 MON.. .............39,644 ...........475,724 11/20/2003. 10/25/2033.<br />
86359D NV 5 STRUCTURED ASSET SECS 05-15 3A............................................ ....... .. .......23 .1FE ............5,570,941 ........62.500 ............3,585,307 ............5,736,491 ............5,580,858 .......................... ...............6,325 ............................ .......................... ..........5.482 ..........5.737 MON.. .............26,206 ...........314,076 01/18/2007. 08/25/2035.<br />
872225 AG 2 TBW MTG BCKD TR 06 5 A5B CMO................................................. ....... .. .........2 .2FE ............3,933,322 ........51.854 ............2,052,381 ............3,958,000 ............3,934,027 .......................... ...................(62) ............................ .......................... ..........6.350 ..........6.398 MON.. .............20,944 ...........251,323 10/23/2006. 11/25/2036.<br />
929766 B8 5 WACHOVIA BANK COM MTG WBCMT 05........................................ C.... .. .........2 .1FE ............4,490,183 ........93.860 ............4,193,010 ............4,467,302 ............4,472,433 .......................... ..............(5,372) ............................ .......................... ..........4.782 ..........4.661 MON.. .............17,802 ...........213,626 03/28/2005. 03/15/2042.<br />
929766 B9 3 WACHOVIA BANK COM MTG WBCMT 05........................................ ....... .. .........2 .1FE ............2,009,894 ........85.675 ............1,713,500 ............2,000,000 ............2,004,344 .......................... ..............(1,581) ............................ .......................... ..........5.003 ..........4.911 MON.. ...............8,338 ...........100,428 03/28/2005. 03/15/2042.<br />
929766 C3 5 WACHOVIA BANK COM MTG WBCMT 05........................................ ....... .. .........2 .1FE ............4,999,624 ........82.191 ............4,109,550 ............5,000,000 ............4,999,747 .......................... ....................35 ............................ .......................... ..........5.083 ..........5.084 MON.. .............21,179 ...........254,150 03/28/2005. 03/15/2042.<br />
93363E AA 3 WAMU MTG PSTHR CTFS SER 2006-A........................................... ....... .. .........2 .1FE .................48,669 ........57.821 .................28,006 .................48,436 .................48,658 .......................... ...................(10) ............................ .......................... ..........5.980 ..........5.937 MON.. ..................241 ...............2,874 07/26/2007. 09/25/2036.<br />
92922F QJ 0 WAMU MTG PSTHR CTGS 2004-S2 CL............................................ ....... .. .........2 .1FE ............4,025,000 ........81.413 ............3,256,520 ............4,000,000 ............4,018,790 .......................... ..............(4,561) ............................ .......................... ..........5.500 ..........5.433 MON.. .............18,333 ...........220,000 10/04/2004. 06/25/2034.<br />
93363P AD 2 WAMU MTG 06 AR14 1A4 CMO........................................................ ....... .. .......23 .1FE .................39,469 ........52.835 .................20,798 .................39,363 .................39,460 .......................... .....................(9) ............................ .......................... ..........5.647 ..........5.625 MON.. ..................185 ...............2,222 07/26/2007. 11/25/2036.<br />
93935H AH 0 WASH MUT MTG PSTHR CTFS 06 7 A............................................. ....... .. .......23 .4FE ............4,585,400 ........38.212 ............4,585,440 ..........12,000,000 ............4,585,400 .......................... .......................... ...........7,414,600 .......................... ..........6.422 ..........6.422 MON.. .............64,220 ...........770,608 08/15/2006. 09/25/2036.<br />
93935E AG 9 WASH MUT MTG PSTHR CTFS 2006-8............................................ ....... .. .......23 .4FE ............7,224,826 ........33.294 ............7,224,798 ..........21,700,000 ............7,224,826 .......................... .......................... .........14,475,174 .......................... ..........6.126 ..........6.126 MON.. ...........110,779 ........1,329,342 09/21/2006. 10/25/2036.<br />
93934N BF 1 WASH MUT MTG PSTHR 06 5 TR CL............................................... ....... .. .........2 .5FE .................78,572 ..........2.068 .................72,577 ............3,509,526 .................72,569 .......................... ...............2,261 ...........3,304,210 .......................... ..........6.000 ..........6.372 MON.. .......................... ...........210,567 08/29/2006. 07/25/2036.<br />
93935H AJ 6 WASH MUT MTG PSTHR 06 7 A6 VR............................................... ....... .. .......23 .4FE ............5,928,738 ........42.348 ............5,928,720 ..........14,000,000 ............5,928,738 .......................... .......................... ...........8,071,262 .......................... ..........6.061 ..........6.061 MON.. .............70,712 ...........848,504 08/15/2006. 09/25/2036.<br />
939344 AP 2 WASH MUT MTG PSTHR 06-4 CL 3A4............................................. ....... .. .......23 .3FE ..........25,338,024 ........24.794 ............6,282,310 ..........25,338,024 ..........25,338,024 .......................... .......................... ............................ .......................... ..........6.286 ..........6.286 MON.. ...........132,729 ........1,592,514 04/21/2006. 05/25/2036.<br />
93934F BP 6 WASH MUT MTG SEC CORP 05-7 2CB............................................ C.... .. .........2 .1FE ..........11,365,171 ........53.487 ............7,070,482 ..........13,219,066 ..........11,563,863 .......................... ...........198,692 ............................ .......................... ..........5.500 ..........9.502 MON.. .............60,587 ...........393,032 08/29/2008. 08/25/2035.<br />
939336 YD 9 WASH MUT MTG SECS 03 MS4 2A6 C............................................ ....... .. .........2 .1FE ............1,995,000 ........80.709 ............1,614,180 ............2,000,000 ............1,995,178 .......................... ....................77 ............................ .......................... ..........6.000 ..........6.020 MON.. .............10,000 ...........120,000 05/04/2007. 02/25/2033.<br />
93935W AH 7 WASH MUT MTG WMALT 06 9 A7 VR.............................................. ....... .. .......23 .2FE ..........11,299,501 ........62.831 ............7,077,472 ..........11,264,300 ..........11,296,359 .......................... ..............(2,115) ............................ .......................... ..........5.930 ..........5.898 MON.. .............55,664 ...........667,973 01/11/2007. 10/25/2036.<br />
939336 Q5 5 WASH MUT MTG 04-RA1 CB1 VAR RT............................................ ....... .. .......23 .1FE ...............632,990 ........57.710 ...............642,071 ............1,112,581 ...............614,334 .......................... ..............(3,614) ..............547,389 .......................... ..........6.948 ..........6.401 MON.. .......................... .............77,303 04/23/2004. 03/25/2034.<br />
93935B AE 0 WASHINGTON MUT MTG PSTHR CTFS.......................................... ....... .. .......23 .4FE ..........18,960,136 ........41.965 ............7,956,621 ..........18,960,136 ..........18,960,136 .......................... .......................... ............................ .......................... ..........6.483 ..........6.483 MON.. ...........102,432 ........1,229,096 06/16/2006. 07/25/2036.<br />
94981Q AH 1 WELLS FARGO MBS TR 05-AR16 4A1............................................. ....... .. .........2 .1FE ............2,913,801 ........75.555 ............2,805,223 ............3,712,822 ............2,918,356 .......................... ...............4,579 ............................ .......................... ..........4.992 ..........7.382 MON.. .............15,448 .............15,445 11/04/2008. 10/25/2035.<br />
94982H AC 1 WELLS FARGO MBS TR 2005-AR9 CL............................................. ....... .. .......23 .1FE ..........19,672,047 ........75.815 ..........15,028,521 ..........19,822,622 ..........19,739,349 .......................... .............47,997 ............................ .......................... ..........4.418 ..........4.462 MON.. .............72,994 ...........898,027 04/11/2005. 05/25/2035.<br />
94979Y AM 7 WELLS FARGO MBS 03 O IA9 PSTHR............................................. ....... .. .......23 .1FE ..........11,079,673 ........82.401 ............9,181,711 ..........11,142,718 ..........11,083,145 .......................... ..................981 ............................ .......................... ..........4.675 ..........4.749 MON.. .............43,416 ...........521,046 08/05/2004. 01/25/2034.<br />
949808 AK 5 WELLS FARGO MBS 03-J IA10 VAR................................................. ....... .. .......23 .1FE ..........22,352,021 ........61.023 ..........13,648,404 ..........22,366,000 ..........22,352,267 .......................... ..............(1,413) ............................ .......................... ..........4.612 ..........4.616 MON.. .............85,960 ........1,031,127 03/24/2004. 10/25/2033.
E10.84<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
949779 AG 7 WELLS FARGO MBS 04 EE 2A2 VR C.............................................. ....... .. .........2 .1FE ............1,327,420 ........78.238 ............1,371,382 ............1,752,834 ............1,329,773 .......................... ...............2,385 ............................ .......................... ..........4.201 ..........6.875 MON.. ...............6,137 ...............6,076 11/06/2008. 12/25/2034.<br />
949770 AL 5 WELLS FARGO MBS 04 F A11 VAR R.............................................. ....... .. .......23 .1FE ............2,079,929 ........70.694 ............1,513,657 ............2,141,140 ............2,086,563 .......................... ..................290 ............................ .......................... ..........4.725 ..........4.964 MON.. ...............8,431 ...........101,177 08/11/2004. 06/25/2034.<br />
94982C AG 3 WELLS FARGO MBS 04-DD 2A6 CMO............................................. ....... .. .......23 .1FE ...............998,000 ........58.509 ...............585,090 ............1,000,000 ...............998,042 .......................... .....................(8) ............................ .......................... ..........4.485 ..........4.499 MON.. ...............3,738 .............44,907 11/01/2006. 01/25/2035.<br />
94979U AG 8 WELLS FARGO MBS 04-M A7 VAR RT............................................. ....... .. .......23 .1FE ..........16,807,969 ........70.477 ..........12,157,283 ..........17,250,000 ..........16,817,799 .......................... ............(22,754) ............................ .......................... ..........4.671 ..........4.857 MON.. .............67,150 ...........805,985 08/04/2004. 08/25/2034.<br />
94980Q AK 5 WELLS FARGO MBS 04W CL A10 VAR............................................ ....... .. .......23 .1FE ............4,804,747 ........60.000 ............2,884,200 ............4,807,000 ............4,804,767 .......................... .................(139) ............................ .......................... ..........4.550 ..........4.554 MON.. .............18,230 ...........218,691 10/28/2004. 11/25/2034.<br />
94982U AB 4 WELLS FARGO MBS 05 AR5 2A1 VR............................................... ....... .. .......23 .1FE ..........28,261,277 ........78.786 ..........22,380,438 ..........28,406,618 ..........28,296,259 .......................... .............22,846 ............................ .......................... ..........5.018 ..........5.094 MON.. ...........118,789 ........1,424,808 03/24/2005. 04/25/2035.<br />
94984R AD 5 WELLS FARGO MBS 06 15 TR B1 CM.............................................. ....... .. .........2 .1FE ..........14,242,418 ........45.171 ............6,430,124 ..........14,235,072 ..........14,241,942 .......................... .................(225) ............................ .......................... ..........6.000 ..........5.995 MON.. .............71,175 ...........853,928 11/13/2006. 11/25/2036.<br />
94984Y AX 6 WELLS FARGO MBS 06 16 B1 CMO................................................. ....... .. .........2 .1FE ............7,614,671 ........36.227 ............2,974,557 ............8,210,885 ............7,659,836 .......................... .............28,117 ............................ .......................... ..........5.000 ..........5.692 MON.. .............34,212 ...........410,466 02/13/2007. 11/25/2036.<br />
94983B AZ 2 WELLS FARGO MBS 06 4 2B1 CMO................................................. ....... .. .........2 .1FE ............8,457,476 ........27.134 ............2,326,775 ............8,575,127 ............8,463,342 .......................... ...............2,488 ............................ .......................... ..........5.750 ..........5.866 MON.. .............41,089 ...........493,057 02/22/2007. 04/25/2036.<br />
94982X AG 7 WELLS FARGO MBS 06 7 CRB1 CMO.............................................. ....... .. .........2 .1FE ............4,270,918 ........43.676 ............1,856,663 ............4,250,992 ............4,269,953 .......................... .................(396) ............................ .......................... ..........6.000 ..........5.960 MON.. .............21,255 ...........255,054 02/22/2007. 06/25/2036.<br />
94984M AQ 7 WELLS FARGO MBS 06-AR14 2A4 VR............................................. ....... .. .......23 .3FE .................79,290 ........34.258 .................26,841 .................78,350 .................79,230 .......................... ...................(56) ............................ .......................... ..........6.087 ..........5.978 MON.. ..................397 ...............4,768 07/26/2007. 10/25/2036.<br />
94984F AS 8 WELLS FARGO MBS 06-11 A17 CMO............................................... ....... .. .........2 .3FE ............6,696,358 ........53.168 ............3,606,385 ............6,783,000 ............6,702,042 .......................... ...............2,492 ............................ .......................... ..........6.000 ..........6.112 MON.. .............33,915 ...........406,976 08/31/2006. 09/25/2036.<br />
94984W AN 2 WELLS FARGO MBS 07 1 B1 CMO................................................... ....... .. .........2 .1FE ..........10,449,646 ........29.641 ............3,151,850 ..........10,633,412 ..........10,460,265 .......................... ...............5,372 ............................ .......................... ..........5.750 ..........5.901 MON.. .............50,952 ...........611,316 01/12/2007. 02/25/2037.<br />
94984W AP 7 WELLS FARGO MBS 07 1 B2 CMO................................................... ....... .. .........2 .2FE ...............543,169 ........26.458 ...............547,048 ............2,067,608 ...............547,042 .......................... ...............1,958 ...........1,456,673 .......................... ..........5.750 ..........6.040 MON.. ...............9,907 ...........118,867 01/12/2007. 02/25/2037.<br />
94984W AQ 5 WELLS FARGO MBS 07 1 B3 CMO................................................... ....... .. .........2 .4FE ...............364,592 ........20.805 ...............368,714 ............1,772,235 ...............368,721 .......................... ...............2,966 ...........1,263,928 .......................... ..........5.750 ..........6.512 MON.. .......................... ...........101,886 01/12/2007. 02/25/2037.<br />
94984X BJ 8 WELLS FARGO MBS 07 2 CRB1 CMO.............................................. ....... .. .........2 .1FE ..........15,032,007 ........30.373 ............4,519,889 ..........14,881,274 ..........15,024,002 .......................... ..............(4,155) ............................ .......................... ..........6.000 ..........5.912 MON.. .............74,406 ...........892,919 02/16/2007. 03/25/2037.<br />
94984X BK 5 WELLS FARGO MBS 07 2 CRB2 CMO.............................................. ....... .. .........2 .2FE ............1,633,890 ........27.138 ............1,635,523 ............6,026,688 ............1,635,494 .......................... ..................832 ...........4,362,277 .......................... ..........6.000 ..........6.044 MON.. .............30,133 ...........361,619 02/16/2007. 03/25/2037.<br />
94984X BL 3 WELLS FARGO MBS 07 2 CRB3 CMO.............................................. ....... .. .........2 .4FE ...............690,515 ........21.121 ...............694,814 ............3,289,684 ...............694,829 .......................... ...............3,383 ...........2,424,045 .......................... ..........6.000 ..........6.495 MON.. .......................... ...........197,390 02/16/2007. 03/25/2037.<br />
94984X AW 0 WELLS FARGO MBS 07 2 1A21 CMO............................................... ....... .. .........2 .3FE ............5,626,655 ........52.504 ............2,945,474 ............5,610,000 ............5,625,853 .......................... .................(426) ............................ .......................... ..........6.000 ..........5.975 MON.. .............28,050 ...........336,625 03/06/2007. 03/25/2037.<br />
94984X AX 8 WELLS FARGO MBS 07 2 1A22 CMO............................................... ....... .. .........2 .3FE ............1,614,780 ........52.504 ...............845,314 ............1,610,000 ............1,614,550 .......................... .................(122) ............................ .......................... ..........6.000 ..........5.975 MON.. ...............8,050 .............96,607 03/06/2007. 03/25/2037.<br />
94985R AQ 5 WELLS FARGO MBS 07 4 A15 CMO................................................. ....... .. .........2 .1FE ..........41,270,020 ........54.019 ..........22,958,075 ..........42,500,000 ..........41,319,239 .......................... .............32,165 ............................ .......................... ..........6.000 ..........6.255 MON.. ...........212,500 ........2,549,910 06/22/2007. 04/25/2037.<br />
949773 AD 7 WELLS FARGO MBS 07 6 A4 CMO................................................... ....... .. .........2 .1FE ............4,521,094 ........49.964 ............2,248,380 ............4,500,000 ............4,520,183 .......................... .................(520) ............................ .......................... ..........6.000 ..........5.960 MON.. .............22,500 ...........269,970 04/20/2007. 05/25/2037.<br />
94985J CA 6 WELLS FARGO MBS 07 7 A49 CMO................................................. ....... .. .........2 .1FE ............8,240,359 ........42.807 ............3,510,174 ............8,200,000 ............8,238,733 .......................... ..............(1,067) ............................ .......................... ..........6.000 ..........5.959 MON.. .............41,000 ...........491,928 05/04/2007. 06/25/2037.<br />
94986A BF 4 WELLS FARGO MBS 07 8 2A6 CMO................................................. ....... .. .........2 .1FE .................24,523 ........60.021 .................15,005 .................25,000 .................24,541 .......................... ....................14 ............................ .......................... ..........6.000 ..........6.170 MON.. ..................125 ...............1,500 09/18/2007. 07/25/2037.<br />
949779 AB 8 WELLS FARGO MBS 2004 EE TR CL............................................... ....... .. .......23 .1FE .................50,452 ........71.410 .................36,978 .................51,782 .................50,539 .......................... ....................80 ............................ .......................... ..........3.988 ..........4.208 MON.. ..................172 ...............2,096 07/26/2007. 12/25/2034.<br />
94986A BA 5 WELLS FARGO MBS 2007 8 TR CL 2............................................... C.... .. .........2 .1FE ..........50,040,292 ........43.475 ..........21,954,875 ..........50,500,000 ..........50,057,719 .......................... .............11,354 ............................ .......................... ..........6.000 ..........6.078 MON.. ...........252,500 ........3,029,380 06/01/2007. 07/25/2037.<br />
94981Q AU 2 WELLS FARGO MTG BACKD SEC TRUS......................................... ....... .. .........2 .1FE ............9,093,522 ........70.776 ............8,187,995 ..........11,568,886 ............9,107,511 .......................... .............14,121 ............................ .......................... ..........5.000 ..........7.365 MON.. .............48,204 .............48,217 10/31/2008. 10/25/2035.<br />
94979Y AF 2 WELLS FARGO MTG BCK SECS 03 0.............................................. ....... .. .........2 .1FE ...............530,431 ........70.586 ...............384,524 ...............544,759 ...............533,156 .......................... ..................939 ............................ .......................... ..........4.831 ..........5.040 MON.. ...............2,193 .............25,485 12/16/2003. 01/25/2034.<br />
94979Y AH 8 WELLS FARGO MTG BCK SECS 03 0.............................................. ....... .. .......23 .1FE ...............827,374 ........70.586 ...............599,857 ...............849,825 ...............827,425 .......................... ..............(2,421) ............................ .......................... ..........4.680 ..........4.937 MON.. ...............3,315 .............39,757 12/16/2003. 01/25/2034.<br />
94979Y AV 7 WELLS FARGO MTG BCK SECS 03-0.............................................. ....... .. .......23 .1FE ............1,590,007 ........70.531 ............1,160,465 ............1,645,326 ............1,599,374 .......................... ...............1,848 ............................ .......................... ..........4.610 ..........4.896 MON.. ...............6,322 .............75,869 12/16/2003. 01/25/2034.<br />
94979Y BA 2 WELLS FARGO MTG BCK SECS 03-0.............................................. ....... .. .......23 .1FE ............1,759,137 ........70.444 ............1,270,680 ............1,803,816 ............1,759,353 .......................... ..............(4,822) ............................ .......................... ..........4.662 ..........4.919 MON.. ...............7,009 .............84,140 12/16/2003. 01/25/2034.<br />
949768 AC 9 WELLS FARGO MTG BCKD SECS 03 K........................................... ....... .. .......23 .1FE ............1,888,062 ........69.350 ............1,367,272 ............1,971,553 ............1,903,364 .......................... ...............4,265 ............................ .......................... ..........4.489 ..........4.845 MON.. ...............7,376 .............88,465 11/14/2003. 11/25/2033.<br />
949768 AE 5 WELLS FARGO MTG BCKD SECS 03 K........................................... ....... .. .........2 .1FE ............1,291,952 ........70.314 ...............948,506 ............1,348,957 ............1,303,993 .......................... ...............4,442 ............................ .......................... ..........4.522 ..........4.865 MON.. ...............5,084 .............60,529 11/14/2003. 11/25/2033.<br />
949768 AL 9 WELLS FARGO MTG BCKD SECS 03 K........................................... ....... .. .......23 .1FE ............8,917,642 ........64.202 ............6,166,602 ............9,605,000 ............9,211,944 .......................... ...........231,714 ............................ .......................... ..........4.514 ..........5.424 MON.. .............36,138 ...........433,621 10/09/2003. 11/25/2033.<br />
949768 AS 4 WELLS FARGO MTG BCKD SECS 03 K........................................... ....... .. .........2 .1FE ............1,537,670 ........70.242 ............1,124,154 ............1,600,401 ............1,550,339 .......................... ...............4,570 ............................ .......................... ..........4.497 ..........4.813 MON.. ...............5,998 .............71,960 11/14/2003. 11/25/2033.<br />
949769 AE 3 WELLS FARGO MTG BCKD SECS 03 L........................................... ....... .. .......23 .1FE ...............949,489 ........73.036 ...............722,113 ...............988,708 ...............956,726 .......................... ...............3,664 ............................ .......................... ..........4.568 ..........4.904 MON.. ...............3,764 .............45,133 11/14/2003. 11/25/2033.<br />
949808 AY 5 WELLS FARGO MTG BCKD SECS 03-J........................................... ....... .. .......23 .1FE ...............514,715 ........71.110 ...............376,180 ...............529,011 ...............517,210 .......................... ..................942 ............................ .......................... ..........4.735 ..........4.956 MON.. ...............2,088 .............25,056 12/16/2003. 10/25/2033.<br />
94980X AC 8 WELLS FARGO MTG BCKD SECS 03-N........................................... ....... .. .......23 .1FE ...............631,301 ........70.538 ...............459,585 ...............651,543 ...............632,549 .......................... ..............(1,080) ............................ .......................... ..........4.596 ..........4.881 MON.. ...............2,495 .............29,941 12/16/2003. 12/25/2033.<br />
94980X AM 6 WELLS FARGO MTG BCKD SECS 03-N........................................... ....... .. .......23 .1FE ............2,310,061 ........70.872 ............1,683,712 ............2,375,708 ............2,321,697 .......................... ...............3,973 ............................ .......................... ..........4.743 ..........4.971 MON.. ...............9,391 ...........112,680 12/16/2003. 12/25/2033.<br />
94980X AP 9 WELLS FARGO MTG BCKD SECS 03-N........................................... ....... .. .......23 .1FE ............1,395,045 ........70.616 ............1,016,763 ............1,439,848 ............1,395,257 .......................... ..............(5,137) ............................ .......................... ..........4.603 ..........4.924 MON.. ...............5,524 .............66,334 12/16/2003. 12/25/2033.<br />
94983N AL 7 WELLS FARGO MTG BCKD SECS 05-1........................................... ....... .. .........2 .1FE ............2,212,657 ........70.381 ............1,623,858 ............2,307,239 ............2,220,130 .......................... ...............2,705 ............................ .......................... ..........5.500 ..........5.838 MON.. .............10,575 ...........126,880 12/14/2005. 11/25/2035.<br />
949832 AQ 2 WELLS FARGO MTG BCKD SECS 05-1........................................... ....... .. .........2 .1FE ..........25,342,002 ........72.500 ..........18,998,835 ..........26,205,290 ..........25,411,924 .......................... .............15,803 ............................ .......................... ..........5.500 ..........5.766 MON.. ...........120,108 ........1,441,003 12/29/2005. 12/25/2035.<br />
949808 AM 1 WELLS FARGO MTG BCKD SECS 2003.......................................... ....... .. .......23 .1FE ...............416,016 ........70.846 ...............304,961 ...............430,457 ...............418,364 .......................... ..................643 ............................ .......................... ..........4.610 ..........4.887 MON.. ...............1,654 .............19,845 12/16/2003. 10/25/2033.<br />
94982V AB 2 WELLS FARGO MTG BCKD SECS 2005.......................................... ....... .. .........2 .1FE ..........19,188,417 ........74.038 ..........14,334,902 ..........19,361,547 ..........19,252,102 .......................... .............20,429 ............................ .......................... ..........5.500 ..........5.644 MON.. .............88,740 ........1,064,861 09/12/2005. 10/25/2035.<br />
94983F AC 4 WELLS FARGO MTG BCKD SECS 2006.......................................... ....... .. .........2 .1FE .................39,700 ........72.625 .................29,990 .................41,294 .................39,936 .......................... ..................193 ............................ .......................... ..........5.000 ..........5.602 MON.. ..................172 ...............2,064 07/26/2007. 03/25/2021.<br />
949770 AD 3 WELLS FARGO MTG BCKD 04 F A4 V............................................. ....... .. .......23 .1FE ..........11,981,250 ........63.459 ............7,615,080 ..........12,000,000 ..........11,982,694 .......................... ...................(48) ............................ .......................... ..........4.723 ..........4.744 MON.. .............47,239 ...........567,047 04/07/2004. 06/25/2034.<br />
949770 AJ 0 WELLS FARGO MTG BCKD 04 F A9 V............................................. ....... .. .......23 .1FE ............1,877,188 ........67.056 ............1,341,120 ............2,000,000 ............1,891,378 .......................... ...............4,989 ............................ .......................... ..........4.723 ..........5.212 MON.. ...............7,873 .............94,508 05/28/2004. 06/25/2034.<br />
949814 BJ 5 WELLS FARGO MTG BCKD 2004-1 A3............................................. ....... .. .........2 .1FE ..........22,707,940 ........88.434 ..........20,001,315 ..........22,617,224 ..........22,687,092 .......................... ............(10,365) ............................ .......................... ..........5.500 ..........5.461 MON.. ...........103,662 ........1,243,818 02/26/2004. 02/25/2034.<br />
94983Y AK 5 WELLS FARGO MTG BKD SEC 2006-A............................................ ....... .. .......23 .1FE .................42,521 ........56.684 .................24,125 .................42,560 .................42,522 .......................... ......................1 ............................ .......................... ..........5.594 ..........5.603 MON.. ..................198 ...............2,380 07/26/2007. 07/25/2036.<br />
94983L BB 2 WELLS FARGO MTG BKD SEC 2006-2............................................ ....... .. .........2 .1FE .................42,446 ........69.500 .................30,330 .................43,640 .................42,504 .......................... ....................48 ............................ .......................... ..........5.750 ..........6.003 MON.. ..................209 ...............2,509 07/26/2007. 03/25/2036.<br />
94984H AN 5 WELLS FARGO MTG BKD SECS 06-12............................................ C.... .. .........2 .1FE ..........28,451,484 ........60.004 ..........17,101,140 ..........28,500,000 ..........28,454,451 .......................... ...............1,258 ............................ .......................... ..........6.000 ..........6.015 MON.. ...........142,500 ........1,709,589 08/30/2006. 10/25/2036.<br />
94978J AB 5 WELLS FARGO MTG BKD 04 G A2 VA............................................. ....... .. .......23 .1FE ............9,417,188 ........25.000 ............2,500,000 ..........10,000,000 ............9,453,404 .......................... ..............(7,679) ............................ .......................... ..........4.763 ..........5.157 MON.. .............39,692 ...........476,251 04/28/2004. 06/25/2034.<br />
94980D AA 6 WELLS FARGO MTG 2003 M CL A1................................................. ....... .. .......23 .1FE ..........10,081,072 ........77.221 ............7,866,806 ..........10,187,393 ..........10,081,446 .......................... ............(12,568) ............................ .......................... ..........4.705 ..........4.811 MON.. .............39,944 ...........479,287 11/25/2003. 12/25/2033.
E10.85<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
4199999. Industrial & Miscellaneous - Defined Multi-Class Residential Mtg.-Backed Securities............................. .....2,005,147,636 ....XXX....... .....1,296,513,181 .....2,243,353,423 .....1,959,673,436 .......(1,792,305) ........1,096,553 .......228,505,430 ......................0 ....XXX....... ....XXX....... .XXX... ........9,736,992 ....123,947,586 .....XXX....... .....XXX.......<br />
Industrial & Miscellaneous (Unaffiliated) - Other Multi-Class Residential Mortgage-Backed Securities<br />
047445 AC 5 ATHERTON FRANCHISEE LOAN FNDG.......................................... ....... .. 2 4...... .1FE ............................. ..........4.250 ...................2,737 ............................. ...................8,476 .......................... ..............(2,934) ............................ .......................... ..........5.000 ........37.817 MON.. .......................... ...............4,668 01/01/1998. 02/15/2013.<br />
05544N AC 5 BHN IV MTG TRUST 144A CL AF SE................................................ ....... F .........2 .6FE ............2,349,369 ..........4.000 ...............311,073 ............7,776,818 ........................22 .......................... .......................... ............................ .......................... ..........8.000 ..........9.814 MON.. .......................... .......................... 02/28/2000. 03/31/2011.<br />
15131G NB 6 CEND MTG BISHOPS GATE 2002-2 C.............................................. ....... .. .........2 ....2Z ...............198,690 ........86.000 ...............194,139 ...............225,742 ...............204,039 .......................... ...............1,897 ............................ .......................... ..........6.250 ..........7.396 MON.. ...............1,176 .............14,109 02/14/2002. 03/25/2032.<br />
15131G NC 4 CEND MTG BISHOPS GATE 2002-2 C.............................................. ....... .. .........2 ....3Z .................83,338 ........82.156 .................93,082 ...............113,299 .................88,715 .......................... ...............2,135 ............................ .......................... ..........6.250 ..........9.149 MON.. ...............1,180 ...............6,491 02/14/2002. 03/25/2032.<br />
16162T U5 3 CHASE MTG FIN TR 2002-S4 CL B3................................................. ....... .. .........2 ......2 ...............733,433 ........48.750 ...............486,729 ...............998,418 ...............784,733 .......................... .............19,124 ............................ .......................... ..........6.250 ..........9.232 MON.. .......................... .............62,401 02/22/2002. 03/25/2032.<br />
19390Q AF 7 CMOT 46 CLASS C 10 TAC............................................................... ....... .. .........2 .1FE .................64,499 ......107.375 .................72,208 .................67,249 .................65,144 .......................... ..................608 ............................ .......................... ..........9.500 ........10.001 MON.. ..................532 ...............6,389 08/05/1988. 09/01/2018.<br />
393505 DY 5 GREEN TREE 94-6 B1........................................................................ ....... .. .........2 .2FE ...............307,384 ........98.369 ...............302,800 ...............307,820 ...............307,820 .......................... .....................(2) ............................ .......................... ..........8.650 ..........8.648 MON.. .......................... .............26,626 05/11/2001. 01/15/2020.<br />
393505 GJ 5 GREEN TREE 95-3 B1........................................................................ ....... .. .........2 .2FE ............8,055,088 ......100.314 ............9,459,610 ............9,430,000 ............8,041,693 .......................... .......................... ............................ .......................... ..........7.850 ..........7.682 MON.. .......................... ...........740,255 04/25/1997. 08/15/2025.<br />
393505 GS 5 GREEN TREE 95-4 M1....................................................................... ....... .. .........2 .1FE ..........11,259,404 ........87.778 ............9,994,222 ..........11,385,794 ..........11,384,445 .......................... ...............3,426 ............................ .......................... ..........7.600 ..........7.609 MON.. .............38,459 ...........865,320 06/15/1995. 06/15/2025.<br />
393505 JL 7 GREEN TREE 95-7 M1....................................................................... ....... .. .........2 .2FE ..........11,037,356 ........81.214 ............8,707,724 ..........10,721,949 ..........10,778,650 .......................... ............(21,621) ............................ .......................... ..........7.350 ..........7.110 MON.. .............35,025 ...........788,063 01/09/1996. 10/15/2026.<br />
393505 KF 8 GREEN TREE 95-9 B1........................................................................ ....... .. .........2 .4FE ............2,818,871 ........55.249 ............2,882,024 ............5,216,428 ............2,882,043 .......................... .......................... ..............248,975 .......................... ..........7.250 ..........7.312 MON.. .......................... ...........378,191 04/25/1997. 01/15/2026.<br />
585166 AD 3 MEGO MTG FHA TITLE I LOAN TRUS.............................................. ....... .. .........2 .1FE ...................4,694 ......100.009 .................25,117 .................25,115 .................25,110 .......................... ....................11 ............................ .......................... ..........6.980 ..........6.992 MON.. ..................146 ...............1,753 12/12/1996. 11/25/2022.<br />
59549P AA 6 MID-STATE HOMES IV SER 1 CL A.................................................. ....... .. .........2 .1FE ............2,839,352 ........87.939 ............2,497,669 ............2,840,229 ............2,840,049 .......................... ..................140 ............................ .......................... ..........8.330 ..........8.333 JAJO.. .............59,148 ...........236,591 03/13/1995. 04/01/2030.<br />
79548K F8 6 SALOMON BROS MTG SEC VII SER 9............................................. ....... .. .........2 .1FE ...................6,193 ........99.681 ...................6,173 ...................6,193 ...................6,193 .......................... .......................... ............................ .......................... ..........6.615 ..........6.615 MON.. ....................34 ..................410 12/22/1998. 01/25/2029.<br />
81441P BK 6 SECURITY NATL MTG TR 02-2A CL................................................. C.... .. .........2 .1FE ............4,279,826 ........86.510 ............3,702,832 ............4,280,236 ............4,280,163 .......................... ....................31 ............................ .......................... ..........5.720 ..........5.722 MON.. ...............4,080 ...........244,829 09/20/2002. 04/25/2016.<br />
4299999. Industrial & Miscellaneous - Other Multi-Class Residential Mtg.-Backed Securities................................ ..........44,037,497 ....XXX....... ..........38,738,139 ..........53,395,290 ..........41,697,295 ......................0 ...............2,815 ..............248,975 ......................0 ....XXX....... ....XXX....... .XXX... ...........139,780 ........3,376,096 .....XXX....... .....XXX.......<br />
Industrial & Miscellaneous (Unaffiliated) - Defined Multi-Class Commercial Mortgage-Backed Securities<br />
000759 CR 9 ABFS MTG LOAN TR 2002-2 CL M1.................................................. ....... .. .........2 .1FE ............4,649,001 ........87.108 ............4,050,522 ............4,650,000 ............4,650,000 .......................... ..................105 ............................ .......................... ..........6.285 ..........6.289 MON.. .............24,354 ...........298,065 06/07/2002. 07/15/2033.<br />
00503N AB 7 ACT 05 RR DEPOSITOR CORP A2 14.............................................. ....... .. .......23 .5FE ..........19,050,701 ..........5.000 ...............975,000 ..........19,500,000 ..........19,121,841 .......................... ............(30,413) ............................ .......................... ..........5.384 ..........5.830 MON.. .............87,503 ........1,051,492 10/28/2005. 09/22/2041.<br />
02262B AB 0 ALZETTE EUROPEAN CLO S A 2004-.............................................. ....... .. .......23 .1FE ..........47,250,000 ........94.000 ..........44,415,000 ..........47,250,000 ..........47,250,000 .......................... .......................... ............................ .......................... ..........3.138 ..........3.120 MJSD. .............70,033 ........1,117,338 03/13/2008. 12/15/2020.<br />
02639M AJ 5 AMERICAN GENL MTG LN 06-1 A3 1............................................... ....... .. .........2 .1FE ..........16,538,886 ........82.190 ..........13,972,300 ..........17,000,000 ..........16,565,578 .......................... .............10,869 ............................ .......................... ..........5.750 ..........5.963 MON.. .............81,458 ...........977,500 02/16/2006. 12/25/2035.<br />
03027W AE 2 AMERICAN TOWER TR I D 144A CMB............................................. ....... .. .........2 .2FE ..........20,432,219 ........60.600 ..........12,786,600 ..........21,100,000 ..........20,484,865 .......................... .............52,646 ............................ .......................... ..........5.956 ..........6.583 MON.. .............55,862 ........1,130,303 05/21/2008. 04/15/2037.<br />
03027W AA 0 AMERICAN TOWER TR I 07-1 AFX 1................................................ ....... .. .........2 .1FE ..........26,311,406 ........82.140 ..........24,703,605 ..........30,075,000 ..........26,411,571 .......................... ...........100,165 ............................ .......................... ..........5.419 ..........8.213 MON.. .............72,443 ...........501,323 10/31/2008. 04/15/2037.<br />
03072S FY 6 AMERIQUEST MTG SECS INC 03-5 C.............................................. ....... .. .........2 .1FE ............5,596,396 ........82.374 ............4,610,187 ............5,596,653 ............5,596,592 .......................... ....................25 ............................ .......................... ..........4.541 ..........4.542 MON.. .............21,179 ...........254,144 04/02/2003. 04/25/2033.<br />
03072S P9 0 AMERIQUEST MTG SECS INC 05-R9............................................... ....... .. .......23 .1FE ..........17,999,400 ........31.054 ............5,589,720 ..........18,000,000 ..........17,999,421 .......................... ....................10 ............................ .......................... ..........5.818 ..........5.818 MON.. .............87,270 ........1,047,239 11/01/2006. 11/25/2035.<br />
03072S LF 0 AMERIQUEST MTG SECS INC 2003-I.............................................. ....... .. .........2 .1FE ............6,949,365 ........98.684 ............6,812,835 ............6,903,687 ............6,919,543 .......................... ..............(5,498) ............................ .......................... ..........5.150 ..........5.042 MON.. .............29,628 ...........355,540 11/19/2003. 11/25/2033.<br />
03072S JD 8 AMERIQUEST MTG SECS INC 2003-8............................................. ....... .. .........2 .1FE ............5,273,233 ........82.073 ............4,329,574 ............5,275,273 ............5,275,051 .......................... ..................231 ............................ .......................... ..........4.640 ..........4.647 MON.. .............20,398 ...........244,773 07/25/2003. 10/25/2033.<br />
03072S JL 0 AMERIQUEST MTG SECS INC 2003-8............................................. ....... .. .......23 .4FE ...............133,153 ..........7.212 .................71,525 ...............991,744 ...............172,293 .......................... .......................... ..................1,770 .......................... ..........6.211 ........11.279 MON.. .......................... .............66,341 07/25/2003. 10/25/2033.<br />
03215P CY 3 AMRESCO RES SEC MTG LN TR AMRE......................................... ....... .. .........2 .1FE ............1,043,462 ........75.834 ...............791,551 ............1,043,795 ............1,043,795 .......................... .......................... ............................ .......................... ..........7.240 ..........7.240 MON.. ...............6,298 .............73,083 09/05/1997. 09/25/2027.<br />
03215P CZ 0 AMRESCO RES SEC MTG LN TR AMRE......................................... ....... .. .........2 .3FE ...............119,581 ........36.892 .................44,211 ...............119,839 ...............119,685 .......................... ..................155 ............................ .......................... ..........7.470 ..........7.614 MON.. ..................746 ...............8,574 09/05/1997. 09/25/2027.<br />
03927P AF 5 ARCAP 2004 RR3 C 144A CMBS....................................................... ....... .. .......23 .2FE ............2,018,564 ........11.000 ...............220,000 ............2,000,000 ............2,011,746 .......................... ..............(1,654) ............................ .......................... ..........5.160 ..........5.046 MON.. ...............8,600 ...........103,200 09/21/2004. 09/21/2045.<br />
03927P AG 3 ARCAP 2004 RR3 D 144A CMBS....................................................... ....... .. .......23 .2FE ............1,835,907 ........10.000 ...............181,800 ............1,818,000 ............1,829,646 .......................... ..............(1,571) ............................ .......................... ..........5.350 ..........5.228 MON.. ...............8,105 .............97,263 09/21/2004. 09/21/2045.<br />
03927P AH 1 ARCAP 2004 RR3 E 144A CMBS....................................................... ....... .. .......23 .2FE ............2,019,034 ..........9.500 ...............190,000 ............2,000,000 ............2,012,706 .......................... ..............(1,546) ............................ .......................... ..........5.909 ..........5.795 MON.. ...............9,849 ...........117,859 09/21/2004. 09/21/2045.<br />
03927N AA 1 ARCAP 2005 1 RESECURITIZATION................................................ ....... .. .........2 .1FE ..........23,116,041 ........50.000 ..........11,550,000 ..........23,100,000 ..........23,111,788 .......................... .................(761) ............................ .......................... ..........5.450 ..........5.440 MON.. ...........104,913 ........1,258,949 12/19/2005. 12/21/2042.<br />
03927R AC 8 ARCAP 2006 RR7 TR B 144A CMBS................................................. ....... .. .........2 .2FE ..........11,614,724 ........12.000 ............1,380,000 ..........11,500,000 ..........11,576,506 .......................... ............(34,776) ............................ .......................... ..........6.106 ..........5.931 MON.. .............58,516 ...........702,190 04/24/2006. 09/27/2043.<br />
040104 BE 0 ARGENT SECS INC 2003-W3 AF6 HE.............................................. ....... .. .........2 .1FE ...............881,365 ........98.970 ...............870,392 ...............879,451 ...............879,403 .......................... ....................13 ............................ .......................... ..........5.413 ..........5.414 MON.. ...............3,967 .............47,605 09/02/2003. 09/25/2033.<br />
040104 HL 8 ARGENT SECURITIES INC 2004-W5................................................ ....... .. .......23 .1FE ............3,879,634 ........71.225 ............2,764,039 ............3,880,714 ............3,880,429 .......................... ..................159 ............................ .......................... ..........4.190 ..........4.195 MON.. .............13,550 ...........162,602 03/31/2004. 04/25/2034.<br />
045424 DV 7 ASSET SECURITIZATION CORP 1997............................................. ....... .. .......23 .1FE ...............187,942 ........99.925 .................56,190 .................56,232 ...............239,807 .......................... ..........(184,768) ............................ .......................... ..........7.971 ..........4.734 MON.. ..................249 ...............4,402 02/19/2003. 04/14/2029.<br />
047444 *B 2 ATHERTON FRANCHISE CAP TR I-94............................................. ....... .. .........2 .....6* ...................8,384 ........65.000 .................19,656 .................30,241 .................19,656 .......................... .......................... ............................ .......................... ..........8.985 ........12.042 MON.. .......................... .......................... 09/09/1994. 12/15/2008.<br />
047444 AA 2 ATHERTON FRANCHISE CAP TR I-94............................................. ....... .. .........2 ....5Z .................35,867 ........65.000 .................23,314 .................35,867 .................35,867 .......................... .......................... ............................ .......................... ..........7.708 ..........7.708 MON.. .......................... .......................... 04/25/1994. 12/01/2008.<br />
04963V AB 4 ATRIUM IV/DEL CORP CL A1B 144A................................................ ....... .. .........2 .1FE ............6,000,000 ........72.000 ............4,320,000 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........4.644 ..........4.644 MJSD. .............17,802 ...........278,640 05/18/2005. 06/08/2019.<br />
053643 AL 6 AVERY STR CLO LTD/CORP 06-1A B.............................................. ....... .. .........2 .1FE ............6,500,000 ........42.800 ............2,782,000 ............6,500,000 ............6,500,000 .......................... .......................... ............................ .......................... ..........5.507 ..........5.507 JAJO.. .............85,511 ...........357,649 01/27/2006. 04/05/2018.<br />
05522R CD 8 BA CR CARD TR 08-A7 A7 FLTG RT................................................. ....... .. .......23 .1FE ...................5,000 ........83.181 ...................4,159 ...................5,000 ...................5,000 .......................... .......................... ............................ .......................... ..........3.149 ..........3.149 MON.. ......................7 ....................87 06/05/2008. 12/15/2014.<br />
05522R CB 2 BA CR CARD TR 2008-5 CL A NT...................................................... ....... .. .........2 .1FE .................17,725 ........88.893 .................17,779 .................20,000 .................17,752 .......................... ....................27 ............................ .......................... ..........4.095 ..........9.060 MON.. ....................39 .......................... 12/12/2008. 12/16/2013.<br />
05947U HL 5 BANC AM COML MTG INC 2002-02 C............................................... ....... .. .........2 .1FE ............4,288,985 ........96.124 ............4,098,605 ............4,263,873 ............4,269,948 .......................... ..............(5,657) ............................ .......................... ..........4.772 ..........4.684 MON.. .............16,956 ...........203,472 08/26/2002. 07/11/2043.<br />
05947U HM 3 BANC AM COML MTG INC 2002-02 C............................................... ....... .. .........2 .1FE ............7,537,740 ........92.782 ............6,958,650 ............7,500,000 ............7,513,881 .......................... ..............(4,307) ............................ .......................... ..........5.118 ..........5.050 MON.. .............31,988 ...........383,850 08/26/2002. 07/11/2043.<br />
05947U HQ 4 BANC AM COML MTG INC 2002-02 C............................................... ....... .. .........2 .1FE ............7,469,589 ........91.849 ............6,826,351 ............7,432,145 ............7,447,477 .......................... ..............(4,017) ............................ .......................... ..........5.369 ..........5.302 MON.. .............33,253 ...........399,032 08/26/2002. 07/11/2043.<br />
05947U HR 2 BANC AM COML MTG INC 2002-02 C............................................... ....... .. .........2 .1FE ..........13,309,912 ........91.938 ..........12,175,221 ..........13,242,860 ..........13,270,472 .......................... ..............(7,170) ............................ .......................... ..........5.399 ..........5.332 MON.. .............59,582 ...........714,982 08/26/2002. 07/11/2043.<br />
05947U HS 0 BANC AM COML MTG INC 2002-02 C............................................... ....... .. .........2 .1FE ............4,020,282 ........60.240 ............2,409,600 ............4,000,000 ............4,008,424 .......................... ..............(2,160) ............................ .......................... ..........5.487 ..........5.420 MON.. .............18,290 ...........219,480 08/26/2002. 07/11/2043.<br />
05947U FN 3 BANC AM COMM MTG 2002-X1 CL A3............................................. ....... .. .........2 .1FE ..........14,334,757 ........98.375 ..........13,898,944 ..........14,128,533 ..........14,162,513 .......................... ............(77,743) ............................ .......................... ..........5.436 ..........5.119 MON.. .............64,002 ...........802,051 08/11/2004. 10/11/2033.<br />
05947U FQ 6 BANC AM COMM MTG 2002-X1 CL B............................................... ....... .. .........2 .1FE ............6,714,000 ........97.378 ............6,537,959 ............6,714,000 ............6,714,000 .......................... .......................... ............................ .......................... ..........5.790 ..........5.790 MON.. .............32,395 ...........388,741 07/19/2002. 10/11/2033.<br />
05947U VT 2 BANC AM COMML MTG 04-4 D CMBS............................................. ....... .. .........2 .1FE ............6,090,802 ........32.366 ............1,961,526 ............6,060,451 ............6,079,780 .......................... ..............(2,877) ............................ .......................... ..........5.073 ..........5.008 MON.. .............25,621 ...........307,447 09/30/2004. 07/10/2042.
E10.86<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
05947U VC 9 BANC AMER COML MTG INC 04-3 A5.............................................. ....... .. .......23 .1FE ..........14,847,804 ........87.729 ..........13,002,973 ..........14,821,750 ..........14,845,404 .......................... ..............(1,553) ............................ .......................... ..........5.493 ..........5.460 MON.. .............67,849 ...........801,164 08/30/2007. 06/10/2039.<br />
05947U XQ 6 BANC AMER COML MTG INC 04-5 A4.............................................. ....... .. .........2 .1FE ............3,683,518 ........83.454 ............3,212,979 ............3,850,000 ............3,703,011 .......................... .............19,493 ............................ .......................... ..........4.936 ..........5.746 MON.. .............15,836 ...........158,363 02/08/2008. 11/10/2041.<br />
05947U EV 6 BANC AMER COML MTG INC 2002-PB............................................ ....... .. .........2 .1FE ............7,088,678 ........72.762 ............5,132,710 ............7,054,108 ............7,067,555 .......................... ..............(3,940) ............................ .......................... ..........6.417 ..........6.347 MON.. .............37,722 ...........452,662 05/09/2002. 06/11/2035.<br />
05947U EW 4 BANC AMER COML MTG INC 2002-PB............................................ ....... .. .........2 .1FE ..........14,397,115 ........68.493 ............9,812,137 ..........14,325,751 ..........14,353,301 .......................... ..............(8,067) ............................ .......................... ..........6.447 ..........6.376 MON.. .............76,965 ...........923,581 05/09/2002. 06/11/2035.<br />
05947U HY 7 BANC AMER COML MTG INC 2002-2............................................... ....... .. .........2 .2FE ............4,879,532 ........51.245 ............2,890,770 ............5,641,077 ............5,280,657 .......................... .............80,389 ............................ .......................... ..........6.200 ..........8.214 MON.. .............29,146 ...........349,747 10/18/2002. 07/11/2043.<br />
05947U LY 2 BANC AMER COML MTG INC 2003-2............................................... ....... .. .........2 .1FE ..........20,100,204 ........88.082 ..........17,616,400 ..........20,000,000 ..........20,052,313 .......................... ............(10,354) ............................ .......................... ..........5.061 ..........4.995 MON.. .............84,350 ........1,012,200 11/13/2003. 03/11/2041.<br />
05947U MB 1 BANC AMER COML MTG INC 2003-2............................................... ....... .. .......23 .1FE ............7,286,336 ........87.765 ............6,362,963 ............7,250,000 ............7,277,648 .......................... ..............(7,354) ............................ .......................... ..........5.421 ..........5.261 MON.. .............32,752 ...........385,779 11/13/2003. 03/11/2041.<br />
05947U MC 9 BANC AMER COML MTG INC 2003-2............................................... ....... .. .......23 .1FE ............4,994,978 ........85.897 ............4,294,850 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.448 ..........5.453 MON.. .............22,700 ...........269,405 11/13/2003. 03/11/2041.<br />
05947U VA 3 BANC AMER COML MTG INC 2004-3............................................... ....... .. .........2 .1FE ............1,500,764 ........99.086 ............1,477,101 ............1,490,726 ............1,491,347 .......................... ..............(2,662) ............................ .......................... ..........4.875 ..........4.707 MON.. ...............6,056 .............72,673 06/30/2004. 06/10/2039.<br />
05947U 4C 9 BANC AMER COML MTG INC 2005-6............................................... ....... .. .........2 .1FE ..........25,085,926 ........78.684 ..........19,671,000 ..........25,000,000 ..........25,054,923 .......................... ............(10,858) ............................ .......................... ..........5.182 ..........5.126 MON.. ...........107,958 ........1,316,575 12/16/2005. 09/10/2047.<br />
05950W AN 8 BANC AMER COML MTG TR 2006-4 C............................................. ....... .. .........2 .1FE ...............967,500 ........21.361 ...............213,610 ............1,000,000 ...............971,755 .......................... ...............2,825 ............................ .......................... ..........5.764 ..........6.232 MON.. ...............4,803 .............57,640 06/14/2007. 07/10/2046.<br />
059512 AE 3 BANC AMER COML MTG TR 2007-3 C............................................. ....... .. .......23 .1FE ...................9,485 ........73.137 ...................7,314 .................10,000 ...................9,507 .......................... ....................22 ............................ .......................... ..........5.837 ..........6.620 MON.. ....................49 ..................240 06/26/2008. 06/10/2049.<br />
05947U LN 6 BANC AMER COML MTG 03-1 CL E 1.............................................. ....... .. .........2 .1FE ............2,010,000 ........76.705 ............1,534,100 ............2,000,000 ............2,004,811 .......................... ..............(1,015) ............................ .......................... ..........4.972 ..........4.908 MON.. ...............8,287 .............99,440 03/31/2003. 09/11/2036.<br />
05950W AC 2 BANC AMER COML MTG 06-4 A3A CM............................................ ....... .. .........2 .1FE ............1,979,063 ........71.158 ............1,423,160 ............2,000,000 ............1,983,426 .......................... ...............3,135 ............................ .......................... ..........5.600 ..........5.810 MON.. ...............9,333 ...........112,000 07/31/2007. 07/10/2046.<br />
05949A BX 7 BANC AMER MTG SECS 04-3 2A16 C.............................................. ....... .. .........2 .1FE ............7,144,375 ........71.454 ............5,001,780 ............7,000,000 ............7,113,101 .......................... ............(16,070) ............................ .......................... ..........5.500 ..........5.308 MON.. .............32,083 ...........385,000 02/26/2004. 04/25/2034.<br />
05947U VU 9 BANC OF AM COMML MTG 04-4 E CM............................................ ....... .. .......23 .1FE ............2,733,886 ........31.458 ...............855,723 ............2,720,209 ............2,729,653 .......................... ..............(1,401) ............................ .......................... ..........5.162 ..........5.091 MON.. .............11,701 ...........140,417 09/30/2004. 07/10/2042.<br />
05947U S9 0 BANC OF AMERIC COMM MTG 05-3 F............................................ ....... .. .........2 .1FE ..........11,557,879 ........25.165 ............2,893,975 ..........11,500,000 ..........11,542,300 .......................... ..............(5,456) ............................ .......................... ..........5.053 ..........4.986 MON.. .............48,425 ...........581,095 06/29/2005. 07/10/2043.<br />
05947U C8 9 BANC OF AMERICA COML MTG INC 2............................................ ....... .. .........2 .1FE ..........17,757,578 ........93.807 ..........16,413,259 ..........17,496,838 ..........17,558,402 .......................... ............(57,558) ............................ .......................... ..........4.877 ..........4.524 MON.. .............71,110 ...........853,320 04/26/2005. 11/10/2042.<br />
05947U PW 2 BANC OF AMERICA COML MTG 04-1.............................................. ....... .. .........2 .1FE ............9,911,102 ........39.393 ............3,884,790 ............9,861,625 ............9,891,880 .......................... ..............(4,386) ............................ .......................... ..........5.038 ..........4.977 MON.. .............41,402 ...........496,828 03/03/2004. 11/10/2039.<br />
05947U B7 2 BANC OF AMERICA COMM MTG INC S........................................... C.... .. .........2 .1FE ..........14,550,000 ........82.565 ..........12,384,750 ..........15,000,000 ..........14,704,241 .......................... .............44,117 ............................ .......................... ..........4.811 ..........5.216 MON.. .............60,138 ...........721,650 03/28/2005. 12/10/2042.<br />
07324S AJ 1 BAYVIEW COML ASSET TR 2003-2 C.............................................. ....... .. .......23 .2FE ...............295,685 ........50.565 ...............149,513 ...............295,685 ...............295,685 .......................... .......................... ............................ .......................... ..........6.461 ..........6.437 MON.. ..................371 .............20,664 10/30/2003. 12/25/2033.<br />
07325N CB 6 BAYVIEW FINL SECS 05-D AF4 HEL................................................ ....... .. .........2 .1FE ..........11,490,383 ........50.580 ............6,014,974 ..........11,892,000 ..........11,699,813 .......................... ...........126,526 ............................ .......................... ..........5.500 ..........6.220 MON.. .............54,505 ...........654,060 10/31/2005. 02/28/2045.<br />
07383F MM 7 BEAR STEARNS CMBS BSCMS 02 PBW......................................... ....... .. .........2 .1FE ............1,917,999 ........97.022 ............1,854,831 ............1,911,763 ............1,912,669 .......................... ..............(1,181) ............................ .......................... ..........3.970 ..........3.915 MON.. ...............6,325 .............78,213 09/27/2002. 11/11/2035.<br />
07387B CL 5 BEAR STEARNS COML MTG SEC INC............................................ ....... .. .......23 .1FE ............4,928,581 ........86.272 ............4,346,383 ............5,038,000 ............4,939,429 .......................... .............10,848 ............................ .......................... ..........5.302 ..........5.663 MON.. .............22,260 ...........219,441 02/06/2008. 10/12/2042.<br />
073945 AE 7 BEAR STEARNS COML MTG SECS TR........................................... ....... .. .........2 .1FE .................74,590 ........78.113 .................58,585 .................75,000 .................74,612 .......................... ....................22 ............................ .......................... ..........5.742 ..........5.819 MON.. ..................359 ...............2,512 05/07/2008. 09/11/2042.<br />
07387B DX 8 BEAR STEARNS COML MTG SECS 05P.......................................... ....... .. .........2 .1FE .................28,468 ........97.394 .................29,109 .................29,888 .................28,470 .......................... ......................2 ............................ .......................... ..........5.085 ..........5.494 MON.. ..................127 .......................... 12/09/2008. 12/11/2040.<br />
07388N AJ 5 BEAR STEARNS COML MTG SECS 06............................................ ....... .. .......23 .1FE ............4,915,625 ........20.819 ............1,040,950 ............5,000,000 ............4,926,768 .......................... ...............7,231 ............................ .......................... ..........5.687 ..........5.923 MON.. .............23,696 ...........284,350 06/01/2007. 10/12/2041.<br />
07383F XJ 2 BEAR STEARNS COML MTG 06 PWR2............................................ ....... .. .........2 .1FE ...............995,977 ........91.146 ...............911,460 ............1,000,000 ...............997,137 .......................... ..................561 ............................ .......................... ..........5.186 ..........5.259 MON.. ...............4,322 .............51,860 11/08/2006. 05/11/2039.<br />
07388P AE 1 BEAR STEARNS COML MTG 06-PWR14......................................... ....... .. .........2 .1FE ............4,834,180 ........81.578 ............4,078,900 ............5,000,000 ............4,844,863 .......................... .............10,683 ............................ .......................... ..........5.201 ..........5.699 MON.. .............21,671 ...........173,367 04/22/2008. 12/11/2038.<br />
07387M AD 1 BEAR STEARNS COML MTG 2006-PWR......................................... ....... .. .......23 .1FE ............2,525,781 ........78.780 ............1,969,500 ............2,500,000 ............2,521,190 .......................... ..............(4,532) ............................ .......................... ..........5.624 ..........5.402 MON.. .............11,717 ...........138,499 11/28/2007. 03/11/2039.<br />
07383F BL 1 BEAR STEARNS COMM MTG SECS 99-.......................................... ....... .. .....234 .1FE ............1,986,177 ..........0.680 ...............764,292 ............................. ............1,727,276 .......................... .......................... ............................ .......................... ..........0.277 ..........0.262 MON.. .......................... ...........428,411 06/30/2000. 07/15/2031.<br />
109022 AA 1 BRIGANTINE HIGH GRADE FDG LTD/............................................. ....... .. .........2 .6FE ............................. ..........1.210 .................29,987 ............2,478,305 ............................. .......................... .......................... ..............149,938 .......................... ........10.000 ........10.000 MJSD. .......................... .......................... 12/07/2006. 12/20/2051.<br />
12489W QG 2 C-BASS TR 05-CB8 AF5 ABS............................................................ ....... .. .........2 .1FE ............1,484,603 ........83.038 ............1,232,822 ............1,484,648 ............1,484,623 .......................... ......................9 ............................ .......................... ..........5.653 ..........5.654 MON.. ...............6,994 .............83,905 11/30/2005. 12/25/2035.<br />
12489W HD 9 C-BASS TR 2003-CB6 CL AF6 HEL................................................... ....... .. .........2 .1FE ............4,500,000 ........89.510 ............4,027,950 ............4,500,000 ............4,500,000 .......................... .......................... ............................ .......................... ..........4.570 ..........4.570 MON.. .............17,138 ...........205,650 11/21/2003. 12/25/2033.<br />
131700 AC 0 CALWEST INTL TR 2002-CALW CL A............................................... ....... .. .........2 .1FE ..........13,000,706 ......102.564 ..........13,333,320 ..........13,000,000 ..........13,000,350 .......................... ...................(12) ............................ .......................... ..........6.127 ..........6.126 MON.. .............35,400 ...........796,510 02/15/2002. 02/15/2017.<br />
12477M AC 4 CAM COMML MTG CORP 2002-CAM2 C.......................................... C.... .. .........2 .1FE ............9,933,608 ........95.560 ............9,405,342 ............9,842,342 ............9,861,806 .......................... ............(18,785) ............................ .......................... ..........6.020 ..........5.874 MON.. .............49,376 ...........599,509 05/03/2002. 11/14/2036.<br />
140274 AA 9 CAP LEASE CDO 05 1 A1 SECD 144................................................ ....... .. .........2 .1FE ..........14,979,323 ........45.000 ............6,750,000 ..........15,000,000 ..........14,984,572 .......................... ...............1,329 ............................ .......................... ..........4.926 ..........4.941 JAJO.. ...........127,255 ...........738,900 02/03/2005. 01/29/2040.<br />
13974D AC 0 CAPITAL AUTO REC ASSET TR 07 3............................................... ....... .. .......23 .1FE .................19,997 ........97.599 .................19,520 .................20,000 .................19,999 .......................... ......................1 ............................ .......................... ..........5.020 ..........5.025 MON.. ....................45 ...............1,004 09/21/2007. 09/15/2011.<br />
14041N AZ 4 CAPITAL ONE MULTI ASSET EXE TR.............................................. ....... .. .........2 .2FE ............2,999,190 ........59.150 ............1,774,500 ............3,000,000 ............2,999,762 .......................... ..................122 ............................ .......................... ..........6.000 ..........6.005 MON.. ...............8,000 ...........180,000 10/21/2003. 08/15/2013.<br />
14041N DX 6 CAPITAL ONE MULTI ASSET EXE 07............................................... ....... .. .........2 .1FE ............4,844,273 ........75.132 ............3,580,040 ............4,765,000 ............4,764,995 .......................... .......................... ............................ .......................... ..........5.750 ..........5.750 MON.. .............12,177 ...........273,988 09/25/2007. 07/15/2020.<br />
14056G AF 5 CAPITALSOURCE COML LN TR 2006.............................................. ....... .. .......23 .2FE ..........15,000,000 ........43.740 ............6,561,000 ..........15,000,000 ..........15,000,000 .......................... .......................... ............................ .......................... ..........4.707 ..........4.708 MON.. .............23,538 ...........694,496 09/21/2006. 09/20/2022.<br />
14056G AG 3 CAPITALSOURCE COML LN 06 2 E F.............................................. ....... .. .......23 .3FE ............9,569,785 ........35.020 ............3,502,000 ..........10,000,000 ............9,674,022 .......................... .............79,604 ............................ .......................... ..........5.687 ..........6.644 MON.. .............18,958 ...........626,854 10/10/2006. 09/20/2022.<br />
140554 AG 1 CAPITALSOURCE COML LN 07 1 D 1............................................... ....... .. .......23 .2FE ............4,900,511 ........37.400 ............1,832,791 ............4,900,511 ............4,900,511 .......................... .......................... ............................ .......................... ..........3.958 ..........3.958 MON.. ...............6,466 ...........225,890 04/05/2007. 03/20/2017.<br />
140725 AA 0 CAPTEC GRANTOR TR 00-1 CL A1 1............................................... ....... .. .........2 .2FE ...............420,012 ........98.206 ...............412,477 ...............420,012 ...............420,012 .......................... .......................... ............................ .......................... ..........7.892 ..........7.892 MON.. ...............2,762 .............46,471 02/23/2000. 10/15/2010.<br />
14072# AB 6 CAPTEC LOAN REC TR 96-A CL B................................................... ....... .. .........2 .....6* ..........................1 ................... ............................. ...............599,102 ............................. .......................... .......................... ............................ .......................... ..........8.380 ........40.380 MON.. .......................... .............19,829 03/16/2002. 12/15/2012.<br />
14072# AC 4 CAPTEC LOAN REC TR 96-A CL C................................................... ....... .. .........2 ......6 ..........................1 ..........5.000 .................17,930 ...............358,590 ..........................1 .......................... .......................... ............................ .......................... ..........8.380 ........28.046 MON.. .......................... .............69,937 03/16/2002. 12/15/2012.<br />
14845T AC 0 CASTLE HILL INGOTS LTD/CORP CL.............................................. ....... .. .........2 .1FE ............3,000,000 ........22.997 ...............689,910 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.830 ..........5.830 JAJO.. .............36,923 ...........174,900 09/19/2002. 01/15/2015.<br />
14911X AC 0 CATERPILLAR FINL ASSET 07 A A3................................................ ....... .. .........2 .1FE .................19,729 ........99.334 .................19,867 .................20,000 .................19,763 .......................... ....................33 ............................ .......................... ..........5.340 ..........6.368 MON.. ....................21 ..................623 10/22/2008. 06/25/2012.<br />
14911T AC 9 CATERPILLAR FINL ASSET 08-A A3................................................ ....... .. .........2 .1FE ............3,019,537 ........96.837 ............2,924,477 ............3,020,000 ............3,019,572 .......................... ....................35 ............................ .......................... ..........4.940 ..........4.947 MON.. ...............2,486 .............49,806 10/24/2008. 04/25/2014.<br />
14911T AE 5 CATERPILLAR FINL ASSET 08A A2B............................................... ....... .. .......23 .1FE .................38,782 ........98.492 .................38,368 .................38,956 .................38,830 .......................... ....................49 ............................ .......................... ..........3.611 ..........4.033 MON.. ....................27 ..................617 08/15/2008. 12/27/2010.<br />
12479M AB 4 CBC INSURANCE REV SEC CBCI 200............................................. ....... .. .........2 ......1 ............2,555,428 ........97.375 ............2,488,348 ............2,555,428 ............2,555,428 .......................... .......................... ............................ .......................... ..........5.540 ..........5.540 FMAN. .............18,090 ...........141,571 11/21/2002. 02/15/2023.<br />
17305E AW 5 CCCIT 2002 C2 C2.............................................................................. ....... .. .........2 .2FE ..........11,968,956 ........69.982 ............8,397,840 ..........12,000,000 ..........11,988,278 .......................... ...............3,250 ............................ .......................... ..........6.950 ..........6.985 FA...... ...........315,067 ...........834,000 01/30/2002. 02/18/2014.<br />
12513E AP 9 CD 2005 C1 COMML MTG E CMB..................................................... ....... .. .........2 .1FE ..........11,943,704 ........25.509 ............3,105,466 ..........12,174,000 ..........12,004,753 .......................... .............20,171 ............................ .......................... ..........5.225 ..........5.472 MON.. .............53,012 ...........646,733 10/27/2005. 07/15/2044.
E10.87<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
12513E AS 3 CD 2005 C1 COMML MTG TR F CMB............................................... ....... .. .......23 .1FE ............4,872,365 ........24.599 ............1,229,950 ............5,000,000 ............4,906,070 .......................... .............11,129 ............................ .......................... ..........5.399 ..........5.736 MON.. .............22,498 ...........265,621 10/27/2005. 07/15/2044.<br />
12513X AP 7 CD 2006 CD2 CL F CMB..................................................................... ....... .. .........2 .1FE ............4,739,425 ........17.491 ...............839,568 ............4,800,000 ............4,751,931 .......................... ...............5,326 ............................ .......................... ..........5.654 ..........5.827 MON.. .............22,616 ...........267,302 02/27/2006. 01/15/2046.<br />
152314 MV 9 CENTEX HOME EQTY LN 05-B AF5 H.............................................. ....... .. .......23 .1FE ............3,000,000 ........43.980 ............1,319,400 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.310 ..........5.310 MON.. .............13,275 ...........159,300 03/01/2005. 03/25/2035.<br />
152314 GB 0 CENTEX HOME EQUITY LN TR 02-D............................................... ....... .. .........2 .1FE ............3,828,579 ........85.081 ............3,260,042 ............3,831,692 ............3,831,692 .......................... .......................... ............................ .......................... ..........4.660 ..........4.655 MON.. .............14,880 ...........178,484 11/01/2006. 12/25/2032.<br />
152314 FN 5 CENTEX HOME EQUITY LN TR 2002-.............................................. ....... .. .........2 .1FE ............1,999,514 ........56.874 ............1,137,480 ............2,000,000 ............2,000,000 .......................... .......................... ............................ .......................... ..........4.910 ..........4.917 MON.. ...............8,183 ...........108,200 08/07/2002. 09/25/2032.<br />
152314 HN 3 CENTEX HOME EQUITY LN TR 2003-.............................................. ....... .. .........2 .1FE ............2,998,967 ........74.205 ............2,226,150 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........5.350 ..........5.360 MON.. .............13,375 ...........175,500 09/03/2003. 09/25/2033.<br />
152314 PG 9 CENTEX HOME EQUITY LN TR 2005............................................... ....... .. .......23 .1FE .................49,548 ........92.030 .................46,015 .................50,000 .................49,565 .......................... ....................11 ............................ .......................... ..........5.270 ..........5.341 MON.. ..................220 ...............2,635 07/26/2007. 10/25/2035.<br />
152314 MC 1 CENTEX HOME EQUITY LN TR 2005-.............................................. ....... .. .......23 .1FE ...............511,654 ........71.816 ...............367,948 ...............512,348 ...............511,825 .......................... ....................42 ............................ .......................... ..........5.280 ..........5.293 MON.. ...............2,254 .............27,052 01/05/2005. 01/25/2035.<br />
152314 MD 9 CENTEX HOME EQUITY LN TR 2005-.............................................. ....... .. .......23 .1FE ............2,999,154 ........72.639 ............2,179,170 ............3,000,000 ............2,999,488 .......................... ....................75 ............................ .......................... ..........4.690 ..........4.694 MON.. .............11,725 ...........140,700 01/05/2005. 01/25/2035.<br />
152314 LE 8 CENTEX HOME EQUITY LN 04-D AF5.............................................. ....... .. .......23 .1FE ............4,858,439 ........37.517 ............1,823,326 ............4,860,000 ............4,859,237 .......................... ..................179 ............................ .......................... ..........5.350 ..........5.355 MON.. .............21,668 ...........260,010 09/08/2004. 09/25/2034.<br />
161505 DR 0 CHASE COMM MTG SEC CORP SER 99......................................... ....... .. .........2 .1FE ...............916,900 ......100.017 ............1,000,170 ............1,000,000 ...............989,780 .......................... .............11,258 ............................ .......................... ..........7.734 ..........9.008 MON.. ...............6,445 .............77,340 12/13/1999. 01/15/2032.<br />
161542 CP 8 CHASE FDG LN ACQ TR 2003-C1 CL............................................... ....... .. .........2 .1FE ............3,932,136 ........94.498 ............3,715,835 ............3,932,184 ............3,932,171 .......................... ......................6 ............................ .......................... ..........3.424 ..........3.424 MON.. .............11,220 ...........134,606 06/13/2003. 02/25/2015.<br />
161542 CR 4 CHASE FDG LN ACQ TR 2003-C1 CL............................................... ....... .. .........2 .1FE ............1,368,621 ........74.704 ............1,022,478 ............1,368,706 ............1,368,682 .......................... ....................14 ............................ .......................... ..........4.539 ..........4.540 MON.. ...............5,177 .............62,111 06/13/2003. 06/25/2032.<br />
161542 CS 2 CHASE FDG LN ACQ TR 2003-C1 CL............................................... ....... .. .........2 .2FE ............1,267,576 ........69.289 ...............878,327 ............1,267,629 ............1,267,616 .......................... ....................11 ............................ .......................... ..........5.909 ..........5.910 MON.. ...............6,242 .............74,886 06/13/2003. 11/25/2031.<br />
161546 CX 2 CHASE FDG MTG LN 02-3 IA6 HEL.................................................. ....... .. .........2 .1FE ............4,059,536 ........86.065 ............3,456,446 ............4,016,088 ............4,024,720 .......................... ..............(5,684) ............................ .......................... ..........4.707 ..........4.480 MON.. .............15,753 ...........189,037 06/30/2004. 09/25/2013.<br />
161546 DM 5 CHASE FDG MTG LN 2002-4 CL IM1................................................ ....... .. .........2 .1FE ............1,291,389 ........75.598 ...............976,330 ............1,291,475 ............1,291,452 .......................... ......................9 ............................ .......................... ..........5.101 ..........5.102 MON.. ...............5,490 .............65,872 11/07/2002. 02/25/2032.<br />
161546 EQ 5 CHASE FDG MTG LN 2003-2 CL 1A5................................................ ....... .. .........2 .1FE ..........10,080,212 ........97.678 ............9,846,430 ..........10,080,499 ..........10,080,402 .......................... ....................25 ............................ .......................... ..........5.354 ..........5.354 MON.. .............44,976 ...........539,709 04/08/2003. 01/25/2033.<br />
161546 FX 9 CHASE FDG MTG LN 2003-4 CL IM-................................................. ....... .. .........2 .1FE ............4,729,597 ........75.200 ............3,556,815 ............4,729,807 ............4,729,730 .......................... ....................23 ............................ .......................... ..........5.159 ..........5.160 MON.. .............20,334 ...........244,007 07/23/2003. 11/25/2032.<br />
161546 FY 7 CHASE FDG MTG LN 2003-4 CL IM-................................................. ....... .. .........2 .1FE ............2,231,500 ........63.827 ............1,424,389 ............2,231,640 ............2,231,617 .......................... ......................5 ............................ .......................... ..........5.477 ..........5.477 MON.. .............10,186 ...........122,225 07/23/2003. 06/25/2032.<br />
161546 HF 6 CHASE FDG MTG LN 2003-6 CL IB................................................... ....... .. .........2 .2FE ...............815,089 ........43.236 ...............361,020 ...............835,000 ...............828,274 .......................... ...............2,573 ............................ .......................... ..........5.750 ..........6.066 MON.. ...............4,001 .............47,463 11/20/2003. 05/25/2032.<br />
161546 CK 0 CHASE FUNDING MTG LOAN 02-1 CL............................................. ....... .. .........2 .1FE ...............588,272 ........84.216 ...............495,439 ...............588,296 ...............588,288 .......................... ......................4 ............................ .......................... ..........6.975 ..........6.976 MON.. ...............3,419 .............41,032 04/10/2002. 02/25/2032.<br />
161571 AT 1 CHASE ISSUANCE TR 2005-8 CL A.................................................. ....... .. .......23 .1FE .................18,219 ........91.249 .................18,250 .................20,000 .................18,302 .......................... ....................84 ............................ .......................... ..........4.691 ........10.387 MON.. ....................44 ....................23 11/24/2008. 10/15/2012.<br />
17305E DY 8 CITIBANK CR CARD ISSUANCE 07-A.............................................. ....... .. .........2 .1FE ............5,966,100 ........81.649 ............4,898,940 ............6,000,000 ............5,969,435 .......................... ...............2,630 ............................ .......................... ..........5.700 ..........5.775 MS..... .............95,950 ...........340,569 09/13/2007. 09/20/2019.<br />
17305E DT 9 CITIBANK CREDIT CARD ISSUANCE............................................... ....... .. .........2 .1FE ..........62,800,211 ........68.880 ..........43,239,420 ..........62,775,000 ..........62,799,966 .......................... .................(371) ............................ .......................... ..........6.150 ..........6.147 JD...... ...........171,585 ........3,860,663 08/07/2007. 06/15/2039.<br />
17305E DU 6 CITIBANK CREDIT CARD ISSUANCE............................................... ....... .. .......23 .1FE ..........56,830,078 ........29.407 ..........17,644,200 ..........60,000,000 ..........56,856,333 .......................... .............26,255 ............................ .......................... ..........3.026 ..........3.293 MJSD. .............85,744 ........1,983,113 05/12/2008. 06/15/2037.<br />
17303C BM 2 CITIBANK CREDIT CARD MASTER TR............................................ ....... .. .........2 .1FE ............3,756,641 ........99.944 ............3,997,760 ............4,000,000 ............3,993,276 .......................... .............33,163 ............................ .......................... ..........5.875 ..........6.760 MS..... .............72,458 ...........235,000 08/09/1999. 03/10/2011.<br />
17310N AE 8 CITICORP RESIDENTIAL MTG TR 06............................................... ....... .. .........2 .1FE ..........14,394,615 ........70.308 ..........11,549,495 ..........16,427,000 ..........14,417,468 .......................... .............22,853 ............................ .......................... ..........5.948 ..........7.133 MON.. .............81,423 ...........488,539 06/19/2008. 11/25/2036.<br />
17310N AD 0 CITICORP RESIDENTIAL MTG 06-3................................................. ....... .. .......23 .1FE ..........10,414,500 ........79.439 ..........10,088,753 ..........12,700,000 ..........10,551,326 .......................... ...........136,826 ............................ .......................... ..........5.703 ..........8.727 MON.. .............60,357 ...........241,427 08/07/2008. 11/25/2036.<br />
17306U BD 9 CITIFINANCIAL MTG SECS INC 200................................................. ....... .. .........2 .1FE ............3,489,602 ........81.874 ............2,857,069 ............3,489,593 ............3,489,600 .......................... .....................(1) ............................ .......................... ..........3.420 ..........3.424 MON.. ...............9,957 ...........120,939 06/12/2003. 05/25/2033.<br />
17311Q BK 5 CITIGROUP COML MTG TR 2007 C6................................................ ....... .. .......23 .1FE ..........10,823,555 ........75.378 ............8,291,580 ..........11,000,000 ..........10,843,137 .......................... .............14,113 ............................ .......................... ..........5.888 ..........6.108 MON.. .............53,981 ...........637,380 08/01/2007. 12/10/2049.<br />
17307G LM 8 CITIGROUP MTG LN TR 2004-CB7 C............................................... ....... .. .......23 .1FE ............1,030,305 ........86.656 ...............892,909 ............1,030,407 ............1,030,343 .......................... ......................2 ............................ .......................... ..........5.118 ..........5.119 MON.. ...............4,395 .............52,736 10/27/2004. 10/25/2034.<br />
17311F AG 9 CITIGROUP MTG LN 07 OPX1 A4B H............................................... ....... .. .........2 .4FE ............2,120,281 ........22.621 ............2,120,266 ............9,373,000 ............2,120,284 .......................... ......................1 ...........7,252,625 .......................... ..........6.333 ..........6.333 MON.. .............49,466 ...........593,498 02/15/2007. 01/25/2037.<br />
17311F AN 4 CITIGROUP MTG LN 07 OPX1 M4 HE.............................................. ....... .. .........2 .6FE ...............191,887 ..........6.517 ...............196,618 ............3,017,000 ...............196,616 .......................... ...............1,538 ...........2,613,289 .......................... ..........6.500 ..........7.092 MON.. .......................... ...........196,074 02/15/2007. 01/25/2037.<br />
17311F AM 6 CITIGROUP MTG LN 07 OPX1M3 HEL............................................. ....... .. .........2 .6FE ...............342,930 ..........6.786 ...............348,054 ............5,129,000 ...............348,048 .......................... ...............1,666 ...........4,563,266 .......................... ..........6.500 ..........6.858 MON.. .......................... ...........333,332 02/15/2007. 01/25/2037.<br />
125616 A@ 1 CLC FRANCHISE SER 94-B CL A1.................................................... ....... .. .........2 .1FE ............................. ......100.000 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........9.026 ................... MON.. ..................140 .......................... 04/11/1994. 01/15/2009.<br />
12619Q AD 2 CNH EQUIP TR 08-B A3A ABS NT.................................................... ....... .. .........2 .1FE .................19,997 ........95.641 .................19,128 .................20,000 .................19,998 .......................... ......................1 ............................ .......................... ..........4.780 ..........4.785 MON.. ....................42 ..................539 05/14/2008. 07/16/2012.<br />
12620L AF 5 CNH EQUIP TR 2008 A CL A4A NT................................................... ....... .. .........2 .1FE .................19,122 ........92.222 .................18,444 .................20,000 .................19,160 .......................... ....................38 ............................ .......................... ..........4.930 ..........6.279 MON.. ....................44 ..................366 10/24/2008. 08/15/2014.<br />
12620L AD 0 CNH EQUIP TR 2008 A CLA-3A ABS................................................ ....... .. .........2 .1FE ...................9,998 ........96.356 ...................9,636 .................10,000 ...................9,999 .......................... .......................... ............................ .......................... ..........4.162 ..........4.170 MON.. ....................19 ..................271 04/10/2008. 05/15/2012.<br />
12613X CX 7 CNH EQUIP 05-B A4B ABS NT.......................................................... ....... .. .........2 .1FE .................17,107 ........97.947 .................16,872 .................17,226 .................17,143 .......................... ....................37 ............................ .......................... ..........4.400 ..........4.997 MON.. ....................34 ..................253 08/20/2008. 05/16/2011.<br />
12619N AD 9 CNH EQUIP 07 B A3A ABS NT.......................................................... ....... .. .........2 .1FE .................24,861 ........98.328 .................24,582 .................25,000 .................24,880 .......................... ....................18 ............................ .......................... ..........5.400 ..........5.855 MON.. ....................60 ..................900 10/24/2008. 10/17/2011.<br />
12613X CR 0 CNH EQUIPMENT TRUST CNH 05-A A............................................ ....... .. .........2 .1FE ............1,036,832 ........98.666 ............1,020,894 ............1,034,697 ............1,034,697 .......................... ....................66 ............................ .......................... ..........4.290 ..........4.290 MON.. ...............1,973 .............44,389 03/08/2005. 06/15/2012.<br />
20047L AA 4 COMM 2004 RS1 LTD/CORP CL A 14............................................... ....... .. .......23 .1FE ............2,957,570 ........77.765 ............2,327,822 ............2,993,406 ............2,973,799 .......................... ...............4,357 ............................ .......................... ..........4.018 ..........4.194 MON.. .............10,023 ...........120,275 01/06/2005. 03/03/2041.<br />
20047L AE 6 COMM 2004 RS1 LTD/CORP CL B1 1............................................... ....... .. .......23 .1FE ............7,519,734 ........48.831 ............3,672,091 ............7,520,000 ............7,519,851 .......................... ....................30 ............................ .......................... ..........4.196 ..........4.196 MON.. .............26,295 ...........315,539 10/15/2004. 03/03/2041.<br />
20047L AH 9 COMM 2004 RS1 LTD/CORP CL B2 1............................................... ....... .. .........2 .1FE ............6,297,751 ........39.743 ............2,503,014 ............6,298,000 ............6,297,846 .......................... ....................25 ............................ .......................... ..........5.125 ..........5.126 MON.. .............26,898 ...........322,772 10/15/2004. 03/03/2041.<br />
20047L AL 0 COMM 2004 RS1 LTD/CORP CL C 14............................................... ....... .. .........2 .2FE ............3,914,217 ........33.484 ............1,339,360 ............4,000,000 ............3,944,703 .......................... ...............7,957 ............................ .......................... ..........5.000 ..........5.278 MON.. .............16,667 ...........200,000 10/15/2004. 03/03/2041.<br />
20047E AL 6 COMM 2006 C8 MTG C CMB............................................................. ....... .. .........2 .1FE ............2,474,219 ........20.637 ...............515,925 ............2,500,000 ............2,478,236 .......................... ...............2,126 ............................ .......................... ..........5.455 ..........5.591 MON.. .............11,365 ...........136,375 01/17/2007. 12/10/2046.<br />
201730 AF 5 COMMERCIAL MTG ASSET TR 99-C1............................................. ....... .. .........2 .1FE ............9,939,712 ........87.966 ............7,190,341 ............8,174,000 ............9,080,312 .......................... ..........(174,298) ............................ .......................... ..........7.350 ..........4.649 MON.. .............33,377 ...........601,025 07/11/2003. 01/17/2032.<br />
20046R AC 8 COMMERCIAL MTG SECS 2003-J2R A............................................ ....... .. .........2 .1FE ............2,485,835 ........93.332 ............2,320,080 ............2,485,835 ............2,485,835 .......................... .......................... ............................ .......................... ..........3.855 ..........3.855 MON.. ...............7,986 .............95,837 05/16/2003. 07/16/2034.<br />
20847B AB 6 CONSECO FDG LTD/CORP CL A2 144............................................. ....... .. .........2 .1FE ............9,241,372 ......100.717 ............8,873,688 ............8,810,517 ............8,810,517 .......................... ..........(117,755) ............................ .......................... ..........6.550 ..........6.550 FA...... ...........193,966 ...........577,089 01/14/2004. 02/28/2015.<br />
20847T BQ 3 CONSECO FINANCE HOME EQTY 02-B.......................................... ....... .. .......23 .1FE ............2,065,560 ......100.102 ............2,067,754 ............2,065,647 ............2,065,647 .......................... .......................... ............................ .......................... ..........6.870 ..........6.921 MON.. ...............6,307 ...........143,633 04/17/2002. 05/15/2033.<br />
20846Q JY 5 CONSECO FINANCE 02-2 M1........................................................... ....... .. .........2 .4FE ............9,749,828 ........43.302 ............4,221,945 ............9,750,000 ............9,749,881 .......................... ......................9 ............................ .......................... ..........7.424 ..........7.424 MON.. .............60,320 ...........723,840 06/10/2002. 03/01/2033.<br />
210523 AD 8 CONSUMERS FDG LLC 2001-1 CL A4.............................................. ....... .. .........2 .1FE ............4,198,934 ......100.734 ............4,249,554 ............4,218,589 ............4,216,636 .......................... ...............4,027 ............................ .......................... ..........4.980 ..........5.059 JAJO.. .............41,434 ...........210,086 07/09/2002. 04/20/2012.<br />
210523 AF 3 CONSUMERS FNDG INC LLC 2001-1............................................... ....... .. .........2 .1FE ..........27,905,793 ........97.481 ..........27,637,813 ..........28,352,000 ..........28,108,607 .......................... .............34,565 ............................ .......................... ..........5.760 ..........5.938 JAJO.. ...........322,079 ........1,633,075 10/16/2003. 10/20/2016.
E10.88<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
21075W HC 2 CONTI HEL CONHE 98-1 B SUB....................................................... ....... .. .........2 .5FE ..........................1 ........35.459 ...............116,227 ...............327,778 ..........................1 .......................... .......................... ............................ .......................... ..........7.860 ..........0.048 MON.. .......................... .............23,242 10/29/1999. 04/15/2029.<br />
210805 BD 8 CONTINENTAL AIRLINES 97-1A EET............................................... ....... .. ........... .3FE ............6,976,434 ........69.000 ............4,841,831 ............7,017,147 ............6,996,920 .......................... ...............5,618 ............................ .......................... ..........7.461 ..........7.565 AO...... ...........130,887 ...........523,548 04/22/1997. 04/01/2015.<br />
22237P AD 5 COUNTRYPLACE MFGD HSG CONTR 05........................................ ....... .. .........2 .1FE ............6,999,373 ........60.260 ............4,218,200 ............7,000,000 ............6,999,559 .......................... ....................57 ............................ .......................... ..........5.200 ..........5.201 MON.. .............30,333 ...........364,000 06/29/2005. 07/15/2035.<br />
22237P AC 7 COUNTRYPLACE MFGD HSG CONTRACT..................................... ....... .. .........2 .1FE ............1,999,748 ........76.070 ............1,521,400 ............2,000,000 ............1,999,887 .......................... ....................42 ............................ .......................... ..........4.800 ..........4.802 MON.. ...............8,000 .............96,000 06/26/2005. 07/15/2035.<br />
12669G DG 3 COUNTRYWIDE HOME LOANS 04-HYB7........................................ ....... .. .......23 .1FE ............3,185,316 ........33.021 ............1,019,776 ............3,088,265 ............3,159,267 .......................... ..............(6,930) ............................ .......................... ..........5.009 ..........4.788 MON.. .............12,892 ...........154,541 11/04/2004. 11/20/2034.<br />
226081 AB 3 CREST 2002-1 LTD/CORP 02-1A CL................................................. ....... .. .......23 .1FE ............6,958,732 ........36.000 ............2,520,000 ............7,000,000 ............6,983,457 .......................... ...............5,021 ............................ .......................... ..........7.100 ..........7.190 FMAN. .............46,939 ...........497,000 03/07/2002. 05/27/2036.<br />
22822R AA 8 CROWN CASTLE TOWERS LLC 05-1 A........................................... ....... .. .........2 .1FE ............4,000,000 ........85.000 ............3,400,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........4.643 ..........4.643 MON.. ...............8,254 ...........185,720 05/26/2005. 06/15/2035.<br />
22822R AD 2 CROWN CASTLE TOWERS 05-1 D SR............................................. ....... .. .........2 .2FE ..........11,000,000 ........70.308 ............7,733,880 ..........11,000,000 ..........11,000,000 .......................... .......................... ............................ .......................... ..........5.612 ..........5.612 MON.. .............27,436 ...........617,320 05/26/2005. 06/15/2035.<br />
22822R AH 3 CROWN CASTLE TWRS LLC 06-1 CL............................................... ....... .. .........2 .1FE ............8,550,965 ........73.000 ............6,223,250 ............8,525,000 ............8,539,390 .......................... ..............(5,618) ............................ .......................... ..........5.362 ..........5.297 MON.. .............20,316 ...........455,993 11/03/2008. 11/15/2036.<br />
22540A 3B 2 CS FIRST BOST MTG SECS CORP 01............................................. ....... .. .........2 .1FE ..........14,826,524 ........91.884 ..........12,185,656 ..........13,262,000 ..........13,820,978 .......................... ..........(229,823) ............................ .......................... ..........6.680 ..........4.704 MON.. .............73,825 ...........885,901 11/01/2006. 06/15/2034.<br />
22541Q DK 5 CS FIRST BOST MTG SECS CORP 20............................................. ....... .. .........2 .1FE ............2,762,098 ........75.519 ............2,265,570 ............3,000,000 ............2,757,180 .......................... .......................... ............................ .......................... ..........4.052 ..........3.990 MON.. .............10,130 ...........121,560 06/17/2003. 05/15/2038.<br />
22541Q SE 3 CS FIRST BOST MTG SECS CORP 20............................................. ....... .. .........2 .1FE ..........16,216,937 ........94.820 ..........15,298,593 ..........16,134,352 ..........16,158,694 .......................... ............(13,113) ............................ .......................... ..........4.700 ..........4.615 MON.. .............63,193 ...........758,314 09/11/2003. 08/15/2036.<br />
22541Q SH 6 CS FIRST BOST MTG SECS CORP 20............................................. ....... .. .........2 .1FE ..........13,779,555 ........88.680 ..........12,158,915 ..........13,711,000 ..........13,747,147 .......................... ..............(6,878) ............................ .......................... ..........5.316 ..........5.251 MON.. .............60,740 ...........728,877 09/11/2003. 08/15/2036.<br />
225458 NS 3 CS FIRST BOST MTG SECS 05-AGE1............................................. ....... .. .......23 .1FE ............4,982,865 ........81.035 ............4,051,750 ............5,000,000 ............4,993,615 .......................... ...............3,956 ............................ .......................... ..........4.980 ..........5.051 MON.. .............20,750 ...........249,000 04/29/2005. 02/25/2032.<br />
225458 XH 6 CS FIRST BOST MTG SECS 05-6 1A................................................ ....... .. .......23 .1FE ..........10,720,796 ........54.178 ............5,891,858 ..........10,875,000 ..........10,729,878 .......................... ..............(1,455) ............................ .......................... ..........5.225 ..........5.322 MON.. .............47,352 ...........568,219 06/15/2005. 07/25/2035.<br />
22541Q 4B 5 CS FIRST BOSTON MTG SECS CORP............................................ ....... .. .........2 .1FE ...............946,259 ........89.469 ...............645,069 ...............720,997 ...............777,801 .......................... ............(24,803) ............................ .......................... ..........7.000 ..........3.749 MON.. ...............4,206 .............50,390 12/10/2003. 12/25/2033.<br />
225470 NN 9 CS FIRST BOSTON MTG SECS CORP............................................ ....... .. .......23 .1FE ..........20,932,656 ........43.772 ............9,629,840 ..........22,000,000 ..........21,087,087 .......................... ...........105,037 ............................ .......................... ..........5.230 ..........5.971 MON.. .............95,883 ........1,150,599 06/28/2007. 12/15/2040.<br />
22541N AR 0 CS FIRST BOSTON MTG SECS 02-CP............................................. ....... .. .........2 .1FE ..........17,150,000 ........91.963 ..........16,093,525 ..........17,500,000 ..........17,353,069 .......................... .............36,787 ............................ .......................... ..........5.510 ..........5.775 MON.. .............80,354 ...........964,250 07/18/2002. 07/15/2035.<br />
225458 DP 0 CS FIRST BOSTON MTG 05-C1 B CM.............................................. ....... .. .......23 .1FE ..........21,246,367 ........33.341 ............7,168,315 ..........21,500,000 ..........21,317,685 .......................... .............25,145 ............................ .......................... ..........5.124 ..........5.289 MON.. .............91,805 ........1,101,660 12/30/2005. 02/15/2038.<br />
22541N A6 6 CSFB MTG SECS CORP 03-CPN1 CL.............................................. ....... .. .........2 .1FE ..........15,075,000 ........53.694 ............8,054,100 ..........15,000,000 ..........15,034,899 .......................... ..............(7,731) ............................ .......................... ..........4.822 ..........4.758 MON.. .............60,275 ...........723,271 02/28/2003. 03/15/2035.<br />
22541N MR 7 CSFB MTG SECS CORP 2002-CKS4 C............................................ ....... .. .........2 .1FE ..........21,105,000 ........91.404 ..........19,194,840 ..........21,000,000 ..........21,043,296 .......................... ............(11,367) ............................ .......................... ..........5.183 ..........5.117 MON.. .............90,703 ........1,088,429 10/18/2002. 11/15/2036.<br />
22541N MU 0 CSFB MTG SECS CORP 2002-CKS4 C............................................ ....... .. .........2 .1FE ..........13,065,000 ........90.764 ..........11,799,320 ..........13,000,000 ..........13,028,335 .......................... ..............(6,801) ............................ .......................... ..........5.453 ..........5.387 MON.. .............59,074 ...........708,889 10/18/2002. 11/15/2036.<br />
23242E AE 9 CWABS ABS CTFS 06 13 1AF5 HEL................................................. ....... .. .......23 .2FE ..........14,999,787 ........48.584 ............7,287,600 ..........15,000,000 ..........14,999,793 .......................... ......................3 ............................ .......................... ..........6.473 ..........6.473 MON.. .............80,912 ...........970,950 07/24/2006. 01/25/2037.<br />
12666U AE 3 CWABS ASSET BACKED CTFS 06 15.............................................. ....... .. .......23 .1FE ..........31,727,588 ........31.791 ..........10,086,648 ..........31,728,000 ..........31,727,597 .......................... ......................5 ............................ .......................... ..........6.265 ..........6.265 MON.. ...........165,647 ........1,987,758 08/23/2006. 10/25/2046.<br />
126673 JE 3 CWABS INC 04-10 MF-3 HEL............................................................. ....... .. .........2 .1FE ............1,489,613 ........64.924 ...............967,199 ............1,489,741 ............1,489,676 .......................... ....................12 ............................ .......................... ..........5.311 ..........5.312 MON.. ...............6,593 .............79,120 09/22/2004. 09/25/2034.<br />
126673 JF 0 CWABS INC 04-10 MF-4 HEL............................................................. ....... .. .........2 .1FE ............1,811,689 ........61.322 ............1,111,061 ............1,811,847 ............1,811,767 .......................... ....................14 ............................ .......................... ..........5.460 ..........5.461 MON.. ...............8,244 ...........110,230 09/22/2004. 08/25/2034.<br />
126673 JG 8 CWABS INC 04-10 MF-5 HEL............................................................. ....... .. .........2 .1FE ...............670,983 ........58.017 ...............389,326 ...............671,054 ...............671,019 .......................... ....................13 ............................ .......................... ..........5.559 ..........5.561 MON.. ...............3,109 .............37,304 09/22/2004. 07/25/2034.<br />
126673 NF 5 CWABS INC 04-12 MF1 ABS.............................................................. ....... .. .........2 .1FE ............3,044,325 ........55.233 ............1,682,602 ............3,046,371 ............3,046,369 .......................... ...............1,473 ............................ .......................... ..........5.227 ..........5.227 MON.. .............13,269 ...........159,234 11/15/2004. 03/25/2035.<br />
126673 FY 3 CWABS INC 04-9 AF4 HEL................................................................ ....... .. .........2 .1FE ...............722,296 ........99.221 ...............716,697 ...............722,323 ...............722,310 .......................... .....................(5) ............................ .......................... ..........4.649 ..........4.650 MON.. ...............2,798 .............33,581 09/14/2004. 10/25/2032.<br />
126673 GC 0 CWABS INC 04-9 MF2 HEL................................................................ ....... .. .........2 .1FE ............1,251,475 ........70.170 ...............878,188 ............1,251,514 ............1,251,504 .......................... ......................6 ............................ .......................... ..........5.572 ..........5.573 MON.. ...............5,811 .............69,806 09/14/2004. 11/25/2034.<br />
126670 CK 2 CWABS INC 05-11 AF5A ABS............................................................ ....... .. .......23 .1FE ............5,499,694 ........41.366 ............2,275,130 ............5,500,000 ............5,499,800 .......................... ....................27 ............................ .......................... ..........5.493 ..........5.494 MON.. .............25,176 ...........302,115 09/12/2005. 02/25/2036.<br />
126670 QT 8 CWABS INC 05-17 1AF3 HEL............................................................ ....... .. .........2 .2FE ..........29,999,739 ........47.518 ..........14,255,400 ..........30,000,000 ..........29,999,869 .......................... ....................28 ............................ .......................... ..........5.711 ..........5.711 MON.. ...........142,775 ........1,713,301 12/15/2005. 05/25/2036.<br />
126670 TK 4 CWABS INC 06-1 MF2 HEL ABS....................................................... ....... .. .........2 .1FE ............1,430,960 ........14.804 ...............211,845 ............1,431,000 ............1,430,975 .......................... ......................4 ............................ .......................... ..........6.016 ..........6.016 MON.. ...............7,174 .............86,089 01/27/2006. 05/25/2036.<br />
126670 TL 2 CWABS INC 06-1 MF3 HEL ABS....................................................... ....... .. .........2 .1FE ...............999,965 ........10.769 ...............107,690 ............1,000,000 ...............999,967 .......................... ......................1 ............................ .......................... ..........6.115 ..........6.115 MON.. ...............5,096 .............61,150 01/27/2006. 04/25/2036.<br />
126670 TN 8 CWABS INC 06-1 MF5 HEL ABS....................................................... ....... .. .........2 .2FE ...............989,985 ..........6.597 .................65,970 ............1,000,000 ...............990,589 .......................... ..................227 ............................ .......................... ..........6.200 ..........6.284 MON.. ...............5,167 .............62,000 01/27/2006. 07/25/2036.<br />
126671 UQ 7 CWABS INC 2002-6 CL AF6 ABS CT................................................. ....... .. .......23 .1FE ............4,652,387 ........96.242 ............4,477,779 ............4,652,625 ............4,652,625 .......................... ..................244 ............................ .......................... ..........5.267 ..........5.267 MON.. .............20,421 ...........245,054 12/13/2002. 03/25/2033.<br />
126671 R3 2 CWABS INC 2003-5 CL AF-6 HEL...................................................... ....... .. .........2 .1FE ..........12,999,480 ........72.685 ............9,449,050 ..........13,000,000 ..........12,999,937 .......................... ....................61 ............................ .......................... ..........4.804 ..........4.805 MON.. .............52,043 ...........624,519 11/06/2003. 01/25/2034.<br />
126671 R5 7 CWABS INC 2003-5 CL MF-2 HEL..................................................... ....... .. .........2 .1FE ............2,246,314 ........63.122 ............1,417,960 ............2,246,380 ............2,246,370 .......................... ......................8 ............................ .......................... ..........5.959 ..........5.960 MON.. .............11,155 ...........133,862 11/06/2003. 11/25/2033.<br />
126671 R6 5 CWABS INC 2003-5 CL MF-3 HEL..................................................... ....... .. .........2 .1FE ...............898,533 ........55.812 ...............501,500 ...............898,552 ...............898,550 .......................... ......................3 ............................ .......................... ..........6.108 ..........6.108 MON.. ...............4,574 .............54,884 11/06/2003. 09/25/2033.<br />
126671 R7 3 CWABS INC 2003-5 CL MF-4 HEL..................................................... ....... .. .........2 .1FE ...............898,195 ........45.204 ...............406,181 ...............898,552 ...............898,519 .......................... ....................64 ............................ .......................... ..........6.250 ..........6.255 MON.. ...............4,680 .............56,159 11/06/2003. 08/25/2033.<br />
126671 R8 1 CWABS INC 2003-5 CL MF-5 HEL..................................................... ....... .. .........2 .1FE ............2,184,457 ........37.200 ...............835,653 ............2,246,380 ............2,240,532 .......................... .............11,411 ............................ .......................... ..........6.250 ..........6.612 MON.. .............11,700 ...........140,399 11/06/2003. 06/25/2033.<br />
126673 JA 1 CWABS INC 2004-10 AF-5A HEL....................................................... ....... .. .........2 .1FE ..........14,999,619 ........94.189 ..........14,128,350 ..........15,000,000 ..........14,999,783 .......................... ....................28 ............................ .......................... ..........5.164 ..........5.164 MON.. .............64,550 ...........774,599 09/22/2004. 02/25/2035.<br />
126673 NG 3 CWABS INC 2004-12 MF2 ABS.......................................................... ....... .. .........2 .1FE ............4,841,561 ........48.480 ............2,348,240 ............4,843,729 ............4,841,562 .......................... .......................... ............................ .......................... ..........5.406 ..........5.406 MON.. .............21,821 ...........261,852 11/15/2004. 01/25/2035.<br />
126670 AE 8 CWABS INC 2005-10 CL AF-5 ABS................................................... ....... .. .......23 .1FE ............7,499,743 ........74.559 ............5,591,925 ............7,500,000 ............7,499,840 .......................... ....................23 ............................ .......................... ..........5.362 ..........5.363 MON.. .............33,513 ...........402,150 09/01/2005. 02/25/2036.<br />
126670 PB 8 CWABS INC 2005-16 CL BF HEL....................................................... ....... .. .........2 .6FE ...............841,874 ..........4.380 .................43,800 ............1,000,000 .................43,800 .......................... .............23,701 ..............855,287 .......................... ..........6.200 ........92.610 MON.. ...............5,167 .............62,000 12/13/2005. 05/25/2036.<br />
126671 5Z 5 CWABS 04-BC1N N ABS.................................................................... ....... .. .........2 .6FE ...................4,137 ................... ............................. ...................4,182 ............................. ..............(4,182) .......................... ............................ .......................... ..........5.500 ........99.905 MON.. ....................61 ..................214 04/27/2004. 04/25/2035.<br />
12668V AC 3 CWHEQ HEL TR 06 S7 A3 HEL......................................................... ....... .. .........2 .5FE ............5,061,948 ........14.334 ...............725,587 ............5,062,000 ............5,061,953 .......................... ......................2 ............................ .......................... ..........5.712 ..........5.712 MON.. .............24,095 ...........289,141 11/17/2006. 11/25/2035.<br />
233889 AE 4 DAIMLERCHRYSLER AUTO 08-B A3A............................................. ....... .. .........2 .1FE ...................9,999 ........92.508 ...................9,251 .................10,000 ...................9,999 .......................... .......................... ............................ .......................... ..........4.710 ..........4.714 MON.. ....................30 ..................260 05/05/2008. 09/10/2012.<br />
233046 AA 9 DB MASTER FINANCE LLC 06-1 A2................................................. ....... .. .........2 .2FE ..........14,142,575 ........74.190 ..........10,386,600 ..........14,000,000 ..........14,081,495 .......................... ............(30,050) ............................ .......................... ..........5.779 ..........5.526 MON.. .............24,721 ...........813,554 11/21/2006. 06/20/2031.<br />
254012 AA 5 DIGNITY PARTNERS FNDG CP SR NT............................................ ....... .. .........2 .....6* ...............966,203 ........15.000 ............1,499,503 ............9,996,690 ............1,030,002 .......................... .......................... ............................ .......................... ..........9.170 ........42.110 MON.. .......................... .......................... 11/01/2001. 03/10/2005.<br />
23322B NA 2 DLJ COML MTG 00-CKP1 A2............................................................. ....... .. .........2 .1FE ..........16,289,969 ........99.618 ..........13,946,520 ..........14,000,000 ..........14,637,446 .......................... ..........(373,366) ............................ .......................... ..........7.350 ..........4.413 MON.. .............85,750 ........1,029,000 11/01/2006. 11/10/2010.<br />
23322B DF 2 DLJ COML MTG 98-CF2 B4 144A CM............................................... ....... .. .........2 .1FE ............4,040,682 ........50.966 ............2,540,477 ............4,984,650 ............4,409,475 .......................... .............99,851 ............................ .......................... ..........6.040 ..........9.206 MON.. .............75,268 ...........250,894 07/07/2004. 11/12/2031.<br />
36228C HK 2 DUKE-WEEKS REALTY CORP 2000-DW......................................... ....... .. .........2 .1FE ............6,276,563 ........98.984 ............5,939,040 ............6,000,000 ............6,064,348 .......................... ............(33,565) ............................ .......................... ..........7.151 ..........6.502 MON.. .............35,755 ...........429,060 03/07/2001. 10/15/2015.
E10.89<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
294751 CQ 3 EQUITY ONE ABS INC 2003-3 CL A.................................................. ....... .. .........2 .1FE ............4,188,206 ........93.135 ............4,158,959 ............4,465,517 ............4,418,965 .......................... .............35,866 ............................ .......................... ..........4.995 ..........6.163 MON.. .............18,588 ...........223,574 01/01/2008. 12/25/2033.<br />
L3234S 9A 7 EUROPEAN CREDIT (LUXEMBOURG) M......................................... ....... F .......23 .1FE ........104,146,700 ........82.520 ..........82,520,000 ........100,000,000 ........103,343,700 .......................... .......................... ............................ .......................... ..........5.734 ..........5.734 MN..... ...........637,111 ........5,683,439 07/16/2007. 07/26/2017.<br />
30243Q AB 2 FEP REC FNDG III 2000-1 CL A2....................................................... ....... .. .........2 .6FE ..........................1 ........25.000 ...............593,600 ............2,374,401 ..........................1 ......................1 .......................... ............................ .......................... ..........8.086 ........23.579 MON.. .......................... .......................... 02/01/2000. 05/18/2008.<br />
33736X FT 1 FIRST UNION NATL BK COMM MTG S............................................ ....... .. .........2 .1FE ..........10,049,620 ........95.909 ............9,590,900 ..........10,000,000 ..........10,017,035 .......................... ..............(5,747) ............................ .......................... ..........6.141 ..........6.072 MON.. .............51,175 ...........614,100 02/14/2002. 02/12/2034.<br />
33736X FV 6 FIRST UNION NATL BK COMM MTG 2............................................. ....... .. .........2 .1FE ............5,023,356 ........96.080 ............4,804,000 ............5,000,000 ............5,009,375 .......................... ..............(2,732) ............................ .......................... ..........6.509 ..........6.441 MON.. .............27,121 ...........325,450 02/14/2002. 02/12/2034.<br />
33736X FW 4 FIRST UNION NATL BK COMM MTG 2............................................. ....... .. .........2 .1FE ............5,270,571 ........66.691 ............3,403,909 ............5,104,000 ............5,171,335 .......................... ............(19,417) ............................ .......................... ..........6.622 ..........6.149 MON.. .............28,166 ...........337,987 08/16/2002. 02/12/2034.<br />
33736X ED 7 FRST UN NATL BK COML MTG TR 01.............................................. ....... .. .........2 .1FE ..........13,654,447 ........96.461 ..........11,799,110 ..........12,232,000 ..........12,805,749 .......................... ..........(184,537) ............................ .......................... ..........6.538 ..........4.767 MON.. .............66,644 ...........799,728 12/08/2003. 12/12/2033.<br />
337367 AE 6 FST UN LEHMAN BR BK AM 98-C2 C............................................... ....... .. .........2 .1FE ..........10,647,656 ........96.426 ............9,642,600 ..........10,000,000 ..........10,263,988 .......................... ..........(100,793) ............................ .......................... ..........6.778 ..........5.859 MON.. .............56,483 ...........677,876 01/09/2003. 11/18/2035.<br />
36170U AB 7 G FORCE 2005 RR LLC CL A2 144A................................................. C.... .. .........2 .1FE ............8,077,544 ........50.000 ............4,000,000 ............8,000,000 ............8,037,553 .......................... ............(35,415) ............................ .......................... ..........4.830 ..........4.666 MON.. .............32,200 ...........386,400 01/25/2005. 08/22/2036.<br />
36170U CA 7 G FORCE 2005 RR2 LLC B 144A CM................................................ ....... .. .........2 .2FE ............6,059,700 ..........8.000 ...............480,000 ............6,000,000 ............6,041,669 .......................... ..............(5,678) ............................ .......................... ..........5.533 ..........5.397 MON.. .............55,330 ...........331,901 08/11/2005. 12/27/2039.<br />
36158Y FW 4 GE CAP COML MTG CORP 2002-2A D............................................. ....... .. .........2 .1FE ............6,029,244 ........80.152 ............4,809,120 ............6,000,000 ............6,012,644 .......................... ..............(3,109) ............................ .......................... ..........5.586 ..........5.521 MON.. .............27,930 ...........335,160 08/07/2002. 08/11/2036.<br />
36158Y FZ 7 GE CAP COML MTG CORP 2002-2A E............................................. ....... .. .........2 .1FE ............8,693,869 ........61.742 ............5,341,300 ............8,651,000 ............8,669,241 .......................... ..............(4,467) ............................ .......................... ..........5.675 ..........5.610 MON.. .............40,912 ...........490,944 08/07/2002. 08/11/2036.<br />
36158Y HA 0 GE CAP COML MTG CORP 2002-3 CL............................................. C.... .. .........2 .1FE ..........21,104,091 ........90.683 ..........19,043,430 ..........21,000,000 ..........21,044,318 .......................... ............(11,108) ............................ .......................... ..........4.996 ..........4.931 MON.. .............87,430 ........1,049,159 11/20/2002. 12/10/2037.<br />
36158Y HC 6 GE CAP COML MTG CORP 2002-3 CL............................................. ....... .. .......23 .1FE ............5,225,642 ........90.366 ............4,699,032 ............5,200,000 ............5,211,499 .......................... ..............(2,643) ............................ .......................... ..........5.226 ..........5.162 MON.. .............22,646 ...........271,752 11/20/2002. 12/10/2037.<br />
36158Y HF 9 GE CAP COML MTG CORP 2002-3 CL............................................. ....... .. .......23 .1FE ............5,562,510 ........90.693 ............5,018,044 ............5,533,000 ............5,547,269 .......................... ..............(3,273) ............................ .......................... ..........5.335 ..........5.261 MON.. .............24,599 ...........295,185 11/01/2006. 12/10/2037.<br />
36828Q AL 0 GE CAP COML MTG CORP 2003-C1 E............................................. ....... .. .........2 .1FE ............4,368,585 ........51.268 ............2,228,620 ............4,347,000 ............4,357,570 .......................... ..............(2,223) ............................ .......................... ..........5.083 ..........5.019 MON.. .............18,413 ...........220,958 04/07/2003. 01/10/2038.<br />
36828Q BP 0 GE CAP COML MTG CORP 2003-C2 C............................................. ....... .. .........2 .1FE ...............326,110 ........96.220 ...............311,815 ...............324,065 ...............324,454 .......................... .................(520) ............................ .......................... ..........4.170 ..........4.064 MON.. ...............1,126 .............13,513 07/29/2003. 07/10/2037.<br />
36828Q LZ 7 GE CAP COML MTG CORP 2005-C2 C............................................. ....... .. .........2 .1FE ............4,719,876 ........93.157 ............4,374,524 ............4,695,862 ............4,701,987 .......................... ..............(5,387) ............................ .......................... ..........4.706 ..........4.585 MON.. .............18,416 ...........220,922 05/12/2005. 05/10/2043.<br />
36158Y CP 2 GE CAP COML MTG 01-1 E 144A CM............................................... ....... .. .........2 .1FE ............1,201,636 ........97.957 ............1,006,998 ............1,028,000 ............1,093,985 .......................... ............(24,458) ............................ .......................... ..........6.980 ..........4.271 MON.. ...............5,980 .............71,754 03/23/2004. 08/11/2033.<br />
36828Q DP 8 GE COML MTG CORP 04-C1 CL B CM............................................. ....... .. .........2 .1FE ............9,278,577 ........76.124 ............7,028,529 ............9,233,000 ............9,258,367 .......................... ..............(4,488) ............................ .......................... ..........4.692 ..........4.629 MON.. .............36,101 ...........433,212 01/16/2004. 11/10/2038.<br />
36828Q DQ 6 GE COML MTG CORP 04-C1 CL C CM............................................. ....... .. .........2 .1FE ............3,014,897 ........67.576 ............2,027,280 ............3,000,000 ............3,008,297 .......................... ..............(1,467) ............................ .......................... ..........4.722 ..........4.659 MON.. .............11,805 ...........141,660 01/16/2004. 11/10/2038.<br />
36828Q HV 1 GE COML MTG CORP 04-C3 A3 CMBS............................................ ....... .. .........2 .1FE ............5,024,873 ........92.462 ............4,623,100 ............5,000,000 ............5,010,014 .......................... ..............(3,629) ............................ .......................... ..........4.865 ..........4.781 MON.. .............20,271 ...........243,250 07/16/2004. 07/10/2039.<br />
36828Q JA 5 GE COML MTG CORP 2004-C3 CL E................................................ ....... .. .......23 .1FE ............7,972,528 ........33.192 ............2,655,360 ............8,000,000 ............7,983,768 .......................... ...............2,462 ............................ .......................... ..........5.421 ..........5.464 MON.. .............36,141 ...........427,051 07/16/2004. 07/10/2039.<br />
37934E AB 8 GLOBAL FRANCHISE TR GFT 98-1 A............................................... ....... .. .........2 .3FE ............1,942,156 ........45.000 ...............863,350 ............1,918,555 ............1,926,698 .......................... ..............(3,667) ............................ .......................... ..........6.659 ..........6.428 MON.. .............10,646 ...........180,765 07/30/1998. 01/01/2018.<br />
37945H AC 6 GLOBAL SIGNAL TR II 2004-2 CL..................................................... C.... .. .........2 .1FE ............5,824,870 ........91.274 ............5,316,710 ............5,825,000 ............5,824,971 .......................... ....................31 ............................ .......................... ..........4.698 ..........4.699 MON.. .............22,805 ...........273,658 11/23/2004. 12/15/2014.<br />
37945S AF 5 GLOBAL SIGNAL TR III 06-1 D 14..................................................... ....... .. .........2 .2FE ..........14,970,508 ........71.979 ..........10,796,850 ..........15,000,000 ..........14,985,229 .......................... ...............6,442 ............................ .......................... ..........6.052 ..........6.102 MON.. .............75,650 ...........907,799 05/03/2006. 02/15/2036.<br />
37945S AD 0 GLOBAL SIGNAL TRUST III 2006-1................................................... ....... .. .........2 .1FE ............9,688,938 ........80.000 ............8,000,000 ..........10,000,000 ............9,741,959 .......................... .............53,021 ............................ .......................... ..........5.800 ..........7.135 MON.. .............48,333 ...........279,400 06/12/2008. 02/15/2036.<br />
361849 VS 8 GMAC COML MTG SEC INC 2002-C2............................................... ....... .. .........2 .1FE ............3,014,790 ........93.393 ............2,801,790 ............3,000,000 ............3,006,085 .......................... ..............(1,562) ............................ .......................... ..........5.919 ..........5.853 MON.. .............14,798 ...........177,570 06/20/2002. 10/15/2038.<br />
361849 VT 6 GMAC COML MTG SEC INC 2002-C2............................................... ....... .. .........2 .1FE ............1,344,685 ........93.571 ............1,251,980 ............1,338,000 ............1,340,755 .......................... .................(706) ............................ .......................... ..........5.979 ..........5.912 MON.. ...............6,667 .............79,999 06/20/2002. 10/15/2038.<br />
361849 J8 6 GMAC COMMERL MTG SEC 04-C3 AAB.......................................... ....... .. .........2 .1FE ............6,419,979 ........79.895 ............5,113,280 ............6,400,000 ............6,409,176 .......................... ..............(2,197) ............................ .......................... ..........4.702 ..........4.660 MON.. .............25,077 ...........300,928 11/01/2006. 12/10/2041.<br />
393505 RJ 3 GREEN TREE FINL CORP GT 96-10................................................. ....... .. .........2 .4FE ............3,000,000 ........55.727 ............1,671,810 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........7.240 ..........7.240 MON.. ...............9,653 ...........217,200 12/09/1996. 11/15/2028.<br />
395383 AM 4 GREENPOINT MFG HSG 2000-1 A3................................................. ....... .. .........2 .4FE ...............638,173 ........96.506 ...............616,039 ...............638,343 ...............638,330 .......................... ....................20 ............................ .......................... ..........7.930 ..........7.932 MON.. ...............4,218 .............50,620 03/02/2000. 04/20/2024.<br />
396789 ER 6 GREENWICH CAP COML FDG CORP 03......................................... ....... .. .........2 .1FE ..........13,868,641 ........93.411 ..........12,890,718 ..........13,800,000 ..........13,822,617 .......................... ............(10,006) ............................ .......................... ..........4.533 ..........4.451 MON.. .............52,130 ...........625,554 12/09/2003. 01/05/2036.<br />
396789 FR 5 GREENWICH CAP COML 04-GG1 A5 C........................................... ....... .. .........2 .1FE ............9,044,973 ........93.824 ............8,444,160 ............9,000,000 ............9,015,620 .......................... ..............(6,901) ............................ .......................... ..........4.883 ..........4.796 MON.. .............36,623 ...........439,470 04/29/2004. 06/10/2036.<br />
396789 FW 4 GREENWICH CAP COML 04-GG1 D CM.......................................... ....... .. .......23 .1FE ............8,039,664 ........74.960 ............5,996,800 ............8,000,000 ............8,035,724 .......................... ..................822 ............................ .......................... ..........5.502 ..........5.437 MON.. .............36,680 ...........432,530 04/29/2004. 06/10/2036.<br />
36228C LE 1 GS MTG SECS CORP II SER 01-128................................................ ....... .. .........2 .1FE ............5,893,106 ........96.987 ............5,702,836 ............5,880,000 ............5,884,154 .......................... ..............(1,420) ............................ .......................... ..........6.526 ..........6.496 MON.. .............21,318 ...........383,729 12/07/2001. 08/15/2018.<br />
36228C TG 8 GS MTG SECS CORP II 04-GG2 A5.................................................. ....... .. .......23 .1FE ............9,547,434 ........84.074 ............7,987,030 ............9,500,000 ............9,525,564 .......................... ..............(5,437) ............................ .......................... ..........5.279 ..........5.206 MON.. .............41,792 ...........501,505 07/29/2004. 08/10/2038.<br />
36228C TN 3 GS MTG SECS CORP II 04-GG2 E C................................................ ....... .. .......23 .1FE ............3,316,319 ........33.352 ............1,100,616 ............3,300,000 ............3,310,464 .......................... ..............(1,543) ............................ .......................... ..........5.759 ..........5.693 MON.. .............15,838 ...........187,019 07/29/2004. 08/10/2038.<br />
36228C VT 7 GS MTG SECS CORP II 05-GG4 A4.................................................. ....... .. .........2 .1FE ...................9,595 ........80.850 ...................8,085 .................10,000 ...................9,630 .......................... ....................34 ............................ .......................... ..........4.761 ..........5.470 MON.. ....................40 ..................317 04/16/2008. 07/10/2039.<br />
36298J AA 1 GS MTG SECS CORP II 06 RR2 A1.................................................. ....... .. .......23 .1FE ..........12,164,480 ........20.000 ............2,480,049 ..........12,400,247 ..........12,206,986 .......................... ..............(3,863) ............................ .......................... ..........5.690 ..........5.977 MON.. .............58,801 ...........713,215 07/11/2006. 06/23/2046.<br />
36298J AL 7 GS MTG SECS CORP II 06 RR2 E 1................................................. ....... .. .......23 .2FE ............4,345,259 ..........8.000 ...............360,000 ............4,500,000 ............4,373,124 .......................... .............12,322 ............................ .......................... ..........5.690 ..........6.148 MON.. .............21,339 ...........258,823 07/11/2006. 06/23/2046.<br />
36298J AN 3 GS MTG SECS CORP II 06 RR2 F 1.................................................. ....... .. .......23 .2FE ............4,213,810 ..........8.000 ...............349,840 ............4,373,000 ............4,240,947 .......................... .............11,993 ............................ .......................... ..........5.690 ..........6.161 MON.. .............20,736 ...........251,518 07/11/2006. 06/23/2046.<br />
36298J AQ 6 GS MTG SECS CORP II 06 RR2 G 1................................................. ....... .. .......23 .2FE ............8,296,479 ..........8.000 ...............693,840 ............8,673,000 ............8,354,389 .......................... .............27,727 ............................ .......................... ..........5.690 ..........6.253 MON.. .............41,127 ...........498,853 07/11/2006. 06/23/2046.<br />
36228C JX 2 GS MTG SECS CORP II 2001-ROCK................................................ ....... .. .........2 .1FE ..........17,075,039 ......103.401 ..........17,578,170 ..........17,000,000 ..........17,022,476 .......................... ..............(9,382) ............................ .......................... ..........6.624 ..........6.558 MON.. .............93,840 ........1,126,080 04/16/2002. 05/03/2018.<br />
36228C PT 4 GS MTG SECS CORP II 2003-C1 A3................................................. M.... .. .........2 .1FE ..........20,098,654 ........88.104 ..........17,620,800 ..........20,000,000 ..........20,044,864 .......................... ............(10,338) ............................ .......................... ..........4.608 ..........4.545 MON.. .............76,800 ...........921,600 03/13/2003. 01/10/2040.<br />
36228C PV 9 GS MTG SECS CORP II 2003-C1 C................................................... ....... .. .........2 .1FE ..........10,049,575 ........57.191 ............5,719,100 ..........10,000,000 ..........10,023,048 .......................... ..............(5,115) ............................ .......................... ..........4.753 ..........4.690 MON.. .............39,608 ...........475,300 03/13/2003. 01/10/2040.<br />
36228C PZ 0 GS MTG SECS CORP II 2003-C1 G.................................................. C.... .. .........2 .1FE ............5,022,375 ........44.971 ............2,248,550 ............5,000,000 ............5,010,628 .......................... ..............(2,607) ............................ .......................... ..........5.309 ..........5.250 MON.. .............22,121 ...........265,450 03/13/2003. 01/10/2040.<br />
362334 QC 1 GS MTG SECS CORP 06-7 AF5A PST.............................................. ....... .. .........2 .1FE ............5,000,000 ........58.078 ............2,903,900 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........6.205 ..........6.205 MON.. .............25,855 ...........309,745 04/13/2006. 03/25/2046.<br />
36228F 5E 2 GS MTG SECS CORP 2004-5 AF4 GS.............................................. ....... .. .......23 .1FE ............5,765,638 ........73.806 ............4,428,360 ............6,000,000 ............5,784,164 .......................... ............(71,802) ............................ .......................... ..........5.558 ..........6.139 MON.. .............27,791 ...........333,370 06/24/2004. 06/25/2034.<br />
36242D NJ 8 GS MTG SECS GSAA 04-10 B3 HEL................................................. ....... .. .......23 .3FE ............................. ..........8.000 .................66,780 ...............834,752 .................66,781 .......................... .............44,243 ..............273,916 .......................... ..........5.686 ........50.428 MON.. .......................... .............49,293 11/04/2004. 08/25/2034.<br />
36242D SS 3 GS MTG SECS GSAA 05-1 AF4 HEL................................................ ....... .. .......23 .1FE ............9,806,674 ........95.334 ............9,287,438 ............9,742,000 ............9,785,910 .......................... ..............(4,701) ............................ .......................... ..........5.619 ..........5.528 MON.. .............45,617 ...........547,403 06/13/2005. 11/25/2034.<br />
36242D ST 1 GS MTG SECS GSAA 05-1 AF5 HEL................................................ ....... .. .......23 .1FE ............5,402,585 ........75.511 ............4,079,663 ............5,402,740 ............5,402,665 .......................... ....................27 ............................ .......................... ..........4.843 ..........4.843 MON.. .............21,805 ...........261,655 01/06/2005. 11/25/2034.<br />
362332 AE 8 GS MTG SECS TR 2006 GG8 CL A4................................................. ....... .. .........2 .1FE ..........11,776,830 ........79.319 ............9,697,541 ..........12,226,000 ..........11,931,007 .......................... .............30,138 ............................ .......................... ..........5.560 ..........5.958 MON.. .............56,647 ...........679,765 07/26/2007. 11/10/2039.<br />
36246L AE 1 GS MTG SECS TR 2007 GG10 CL A4............................................... LS... .. .......23 .1FE ............9,598,205 ........72.566 ............7,256,600 ..........10,000,000 ............9,648,399 .......................... .............50,195 ............................ .......................... ..........5.993 ..........6.547 MON.. .............49,944 ...........246,484 07/02/2008. 08/10/2045.
E10.90<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
36228F C2 0 GS MTG SECS 04-NC1 AF5 CMO..................................................... ....... .. .........2 .1FE ............6,008,862 ........54.264 ............3,260,724 ............6,009,000 ............6,008,881 .......................... ......................4 ............................ .......................... ..........5.690 ..........5.690 MON.. .............28,493 ...........340,978 02/12/2004. 11/25/2033.<br />
36244S AE 8 GSAA HOME EQUITY 06 13 AF5 ABS.............................................. ....... .. .........2 .1FE ..........10,500,000 ........51.186 ............5,374,530 ..........10,500,000 ..........10,500,000 .......................... .......................... ............................ .......................... ..........6.410 ..........6.411 MON.. .............56,092 ...........673,036 08/04/2006. 07/25/2036.<br />
36244S AF 5 GSAA HOME EQUITY 06 13 AF6 ABS.............................................. ....... .. .........2 .1FE ..........16,272,000 ........67.264 ..........10,945,198 ..........16,272,000 ..........16,272,000 .......................... .......................... ............................ .......................... ..........6.039 ..........6.040 MON.. .............81,900 ...........982,692 08/04/2006. 07/25/2036.<br />
40536Y AC 8 HALCYON LN INVS CLO II SER 200................................................. ....... .. .......23 .1FE ..........30,000,000 ........66.565 ..........19,969,500 ..........30,000,000 ..........30,000,000 .......................... .......................... ............................ .......................... ..........3.021 ..........3.021 JAJO.. ...........173,722 ...........769,098 03/13/2008. 04/24/2021.<br />
41283A BV 0 HARLEY DAVIDSON MOTORCYCLE TR.......................................... ....... .. .........2 .1FE .................52,683 ........97.586 .................52,302 .................53,596 .................53,166 .......................... ..................486 ............................ .......................... ..........4.070 ..........4.739 MON.. ....................97 ...............2,181 07/26/2007. 02/15/2012.<br />
41283V AC 7 HARLEY DAVIDSON MOTORCYCLE TR.......................................... ....... .. .........2 .1FE ...................4,872 ........99.305 ...................4,965 ...................5,000 ...................4,879 .......................... ......................7 ............................ .......................... ..........5.100 ..........6.613 MON.. ....................11 ....................21 11/19/2008. 05/15/2012.<br />
43718N AD 4 HOME LOAN TR 06-HI3 A4 HEL NT.................................................. ....... .. .........2 .3FE ..........12,995,494 ........29.432 ............3,826,160 ..........13,000,000 ..........12,995,781 .......................... ..................127 ............................ .......................... ..........6.310 ..........6.313 MON.. .............68,358 ...........820,300 07/19/2006. 02/25/2036.<br />
438125 AC 0 HONDA AUTO REC 07-1 A3 OWNER T............................................ ....... .. .........2 .1FE .................38,553 ........99.523 .................38,564 .................38,748 .................38,561 .......................... ......................8 ............................ .......................... ..........5.100 ..........5.519 MON.. ....................71 ..................165 12/08/2008. 03/18/2011.<br />
44108P AP 8 HOST MARRIOTT POOL TR HMPT 99-............................................ ....... .. .........2 .1FE ............9,690,625 ......101.518 ..........10,151,800 ..........10,000,000 ............9,973,488 .......................... .............42,547 ............................ .......................... ..........7.300 ..........7.764 MON.. .............60,833 ...........730,000 02/25/2000. 08/03/2015.<br />
44108P AM 5 HOST MARRIOTT POOL TR SER 99HM........................................... ....... .. .........2 .1FE ...............589,743 ......100.782 ...............604,208 ...............599,520 ...............599,125 .......................... ...............2,135 ............................ .......................... ..........6.980 ..........7.205 MON.. ...............3,487 .............41,846 08/04/1999. 08/03/2015.<br />
44920N AD 6 HYUNDAI AUTO REC 07 A A3A ABS................................................ ....... .. .........2 .1FE .................10,000 ........98.295 ...................9,830 .................10,000 .................10,000 .......................... .......................... ............................ .......................... ..........5.040 ..........5.042 MON.. ....................22 ..................504 09/19/2007. 01/17/2012.<br />
44920X AD 4 HYUNDAI AUTO REC 08-A A3A ABS................................................ ....... .. .........2 .1FE .................19,997 ........92.363 .................18,473 .................20,000 .................19,997 .......................... .......................... ............................ .......................... ..........4.930 ..........4.935 MON.. ....................44 ..................466 06/16/2008. 12/17/2012.<br />
44967# AD 7 IMC MORTGAGE LOAN TRUST 95 CL............................................. ....... .. .........2 .1FE .................84,605 ......125.002 ...............105,871 .................84,695 .................84,397 .......................... .......................... ............................ .......................... ..........8.370 ..........8.391 MON.. ..................591 ...............7,660 03/08/1995. 07/25/2025.<br />
45254T LD 4 IMPAC SECD ASSETS CORP 2002-2............................................... ....... .. .........2 .1FE ............6,789,050 ......100.041 ............6,657,992 ............6,655,264 ............6,746,796 .......................... ............(12,142) ............................ .......................... ..........6.500 ..........6.330 MON.. .............36,049 ...........432,592 06/18/2002. 04/25/2033.<br />
47214T AD 1 JCP&L TRANSITION FNDG LLC 2002............................................... ....... .. .........2 .1FE ..........28,246,358 ........97.906 ..........26,924,150 ..........27,500,000 ..........27,958,486 .......................... ............(53,635) ............................ .......................... ..........6.160 ..........5.860 MJSD. ...........122,344 ........1,694,000 10/24/2002. 06/05/2019.<br />
477876 AC 0 JOHN DEERE OWNER TR 07 A3 ABS.............................................. ....... .. .........2 .1FE .................11,172 ........99.438 .................11,233 .................11,297 .................11,181 .......................... ......................9 ............................ .......................... ..........5.040 ..........5.807 MON.. ....................25 ....................47 11/14/2008. 07/15/2011.<br />
477878 AC 6 JOHN DEERE OWNER TR 08 A3 ABS.............................................. ....... .. .........2 .1FE ...................9,999 ........95.865 ...................9,587 .................10,000 ...................9,999 .......................... .......................... ............................ .......................... ..........4.400 ..........4.403 MON.. ....................20 ..................277 04/07/2008. 06/15/2012.<br />
46625M VV 8 JP MORG CHASE CMBS 2003-ML1A E............................................ ....... .. .........2 .1FE ............3,014,790 ........88.806 ............2,664,180 ............3,000,000 ............3,007,179 .......................... ..............(1,511) ............................ .......................... ..........5.074 ..........5.010 MON.. .............12,685 ...........152,220 03/28/2003. 03/12/2039.<br />
46625M FF 1 JP MORG CHASE COML MTG SECS 01.......................................... ....... .. .......23 .1FE ..........11,518,491 ........94.950 ..........10,363,793 ..........10,915,000 ..........11,161,063 .......................... ............(78,889) ............................ .......................... ..........6.405 ..........5.532 MON.. .............58,259 ...........699,106 02/12/2004. 10/12/2035.<br />
46625M FG 9 JP MORG CHASE COML MTG SECS 01.......................................... ....... .. .......23 .1FE ............9,951,660 ........94.603 ............9,357,183 ............9,891,000 ............9,948,563 .......................... ..................802 ............................ .......................... ..........6.679 ..........6.592 MON.. .............55,058 ...........648,526 05/16/2002. 10/12/2035.<br />
46625M VT 3 JP MORG CHASE COML MTG SECS 20.......................................... ....... .. .........2 .1FE ............1,004,931 ........88.322 ...............883,220 ............1,000,000 ............1,002,393 .......................... .................(505) ............................ .......................... ..........4.936 ..........4.872 MON.. ...............4,113 .............49,360 03/28/2003. 03/12/2039.<br />
46625M PM 5 JP MORG CHASE COML MTG 02-C2 C............................................ ....... .. .........2 .1FE ............5,024,726 ........90.355 ............4,517,750 ............5,000,000 ............5,010,792 .......................... ..............(2,630) ............................ .......................... ..........5.050 ..........4.985 MON.. .............21,042 ...........252,500 11/26/2002. 12/12/2034.<br />
46625M PN 3 JP MORG CHASE COML MTG 02-C2 C............................................ ....... .. .........2 .1FE ............9,547,282 ........86.637 ............8,230,515 ............9,500,000 ............9,521,227 .......................... ..............(4,880) ............................ .......................... ..........5.211 ..........5.147 MON.. .............41,254 ...........495,045 11/26/2002. 12/12/2034.<br />
46625M WW 5 JP MORG CHASE COML MTG 03-CIBC........................................... ....... .. .........2 .1FE ............5,394,272 ........93.161 ............4,957,607 ............5,321,548 ............5,348,456 .......................... ............(12,318) ............................ .......................... ..........4.393 ..........4.156 MON.. .............19,481 ...........233,775 08/27/2004. 07/12/2037.<br />
46625M UE 7 JP MORG CHASE COML MTG 03-C1 C............................................ ....... .. .......23 .1FE ............4,019,705 ........44.800 ............1,792,000 ............4,000,000 ............4,009,922 .......................... ..............(2,040) ............................ .......................... ..........5.898 ..........5.831 MON.. .............19,661 ...........231,886 03/21/2003. 01/12/2037.<br />
46625Y RB 1 JP MORG CHASE COML MTG 05-CIBC........................................... ....... .. .......23 .1FE ............8,039,838 ........25.175 ............2,014,000 ............8,000,000 ............8,026,406 .......................... ..............(3,260) ............................ .......................... ..........5.391 ..........5.332 MON.. .............35,941 ...........424,186 07/20/2005. 09/12/2037.<br />
46629P AF 5 JP MORG CHASE COML MTG 06 LDP9........................................... ....... .. .........2 .1FE ............2,478,027 ........28.204 ...............705,100 ............2,500,000 ............2,481,460 .......................... ...............1,816 ............................ .......................... ..........5.411 ..........5.527 MON.. .............11,273 ...........135,275 01/17/2007. 05/15/2047.<br />
46625M A9 0 JP MORG CHSE COML MTG 03-LN1 C............................................ ....... .. .......23 .1FE ............5,828,623 ........46.895 ............2,719,910 ............5,800,000 ............5,827,646 .......................... .................(514) ............................ .......................... ..........5.193 ..........5.130 MON.. .............25,102 ...........294,605 09/24/2003. 10/15/2037.<br />
46625Y JF 1 JP MORGAN CHASE COML MTG SEC C......................................... ....... .. .........2 .1FE ..........11,938,207 ........81.824 ..........10,064,352 ..........12,300,000 ..........12,027,605 .......................... .............36,667 ............................ .......................... ..........5.335 ..........5.770 MON.. .............54,684 ...........656,205 06/08/2006. 08/12/2037.<br />
46625M TX 7 JP MORGAN CHASE COML MTG SECS.......................................... ....... .. .........2 .1FE .................48,402 ........89.561 .................44,781 .................50,000 .................48,786 .......................... ..................275 ............................ .......................... ..........4.985 ..........5.689 MON.. ..................208 ...............2,493 07/26/2007. 01/12/2037.<br />
46625Y XQ 1 JP MORGAN CHASE COML MTG 05-LD.......................................... ....... .. .......23 .1FE ..........25,123,625 ........81.267 ..........20,316,750 ..........25,000,000 ..........25,045,809 .......................... ............(75,642) ............................ .......................... ..........5.169 ..........5.083 MON.. ...........107,694 ........1,312,981 12/16/2005. 12/15/2044.<br />
46625M LU 1 JPMCC MTG SECS CORP 2002-C1 C.............................................. ....... .. .........2 .1FE ............2,510,415 ........67.125 ............1,676,783 ............2,498,000 ............2,503,273 .......................... ..............(1,293) ............................ .......................... ..........5.613 ..........5.548 MON.. .............11,684 ...........140,213 08/02/2002. 07/12/2037.<br />
46625M LS 6 JPMCC MTG SECS CORP 2002-C1 CL............................................ ....... .. .........2 .1FE ..........22,109,934 ........92.955 ..........20,450,100 ..........22,000,000 ..........22,043,283 .......................... ............(12,085) ............................ .......................... ..........5.376 ..........5.309 MON.. .............98,560 ........1,182,720 08/02/2002. 07/12/2037.<br />
46625M LV 9 JPMCC MTG SECS CORP 2002-C1 D.............................................. ....... .. .........2 .1FE ............1,004,950 ........61.234 ...............612,340 ............1,000,000 ............1,002,105 .......................... .................(516) ............................ .......................... ..........5.662 ..........5.597 MON.. ...............4,718 .............56,620 08/02/2002. 07/12/2037.<br />
46625M NP 0 JPMORG CH COML MTG 02 CIBC5 CL............................................ ....... .. .........2 .1FE ..........20,099,360 ........91.108 ..........18,221,600 ..........20,000,000 ..........20,042,556 .......................... ............(10,480) ............................ .......................... ..........5.161 ..........5.096 MON.. .............86,017 ........1,032,199 10/25/2002. 10/12/2037.<br />
48123H AA 1 JPMORGAN CIBC CMBS TR 06 RR1 A............................................. ....... .. .......23 .1FE ..........20,937,748 ........51.879 ..........11,174,218 ..........21,539,000 ..........21,013,002 .......................... ............(16,845) ............................ .......................... ..........5.458 ..........5.862 MON.. .............97,976 ........1,195,289 11/07/2006. 10/18/2052.<br />
48123H AF 0 JPMORGAN CIBC CMBS TR 06 RR1 E............................................. ....... .. .........2 .2FE ............1,826,148 ........12.477 ...............249,540 ............2,000,000 ............1,858,120 .......................... .............14,137 ............................ .......................... ..........5.609 ..........6.829 MON.. ...............9,350 ...........110,666 05/03/2006. 10/18/2052.<br />
48123H AG 8 JPMORGAN CIBC CMBS TR 06 RR1 F............................................. ....... .. .........2 .2FE ............1,773,409 ........11.254 ...............225,080 ............2,000,000 ............1,810,551 .......................... .............16,595 ............................ .......................... ..........5.609 ..........7.154 MON.. ...............9,350 ...........110,792 05/03/2006. 10/18/2052.<br />
48123H AH 6 JPMORGAN CIBC CMBS TR 06 RR1 G............................................ ....... .. .........2 .2FE ............1,495,318 ........10.250 ...............179,375 ............1,750,000 ...............179,376 .......................... .............17,392 ...........1,355,289 .......................... ..........5.609 ..........7.577 MON.. ...............8,181 .............96,954 05/03/2006. 10/18/2052.<br />
52108H FL 3 LB UBS COML MTG TR SER 2001-C3.............................................. ....... .. .........2 .1FE ..........27,762,646 ........97.294 ..........24,224,260 ..........24,898,000 ..........25,780,023 .......................... ..........(361,222) ............................ .......................... ..........6.365 ..........4.712 MON.. .............88,042 ........1,584,758 10/09/2002. 12/15/2028.<br />
52108H CD 4 LB UBS COML MTG 00-C5 C CMBS................................................. ....... .. .........2 .1FE ..........16,270,313 ........91.327 ..........13,699,050 ..........15,000,000 ..........15,409,365 .......................... ..........(203,787) ............................ .......................... ..........6.760 ..........5.220 MON.. .............56,333 ........1,013,999 05/07/2004. 12/15/2032.<br />
50179M AE 1 LB UBS COML MTG 06 C6 A4 CMB.................................................. ....... .. .........2 .1FE ............2,442,285 ........78.451 ............1,961,275 ............2,500,000 ............2,445,457 .......................... ...............3,172 ............................ .......................... ..........5.372 ..........5.728 MON.. ...............7,461 .............78,342 06/04/2008. 09/15/2039.<br />
52108H JP 0 LB UBS COMML MTG TR 2002-C1 CL.............................................. ....... .. .........2 .1FE ............8,039,614 ........96.559 ............7,724,720 ............8,000,000 ............8,015,411 .......................... ..............(4,309) ............................ .......................... ..........6.741 ..........6.672 MON.. .............29,960 ...........539,280 03/22/2002. 03/15/2034.<br />
52108H JZ 8 LB UBS COMML MTG TR 2002-C2 CL.............................................. ....... .. .........2 .1FE ............6,636,994 ........54.570 ............3,603,803 ............6,604,000 ............6,617,661 .......................... ..............(3,479) ............................ .......................... ..........5.873 ..........5.807 MON.. .............21,547 ...........387,853 06/26/2002. 07/15/2035.<br />
52108H LN 2 LB UBS COMML MTG TR 2002-C4 CL.............................................. ....... .. .........2 .1FE ............6,036,189 ........90.321 ............5,419,260 ............6,000,000 ............6,015,851 .......................... ..............(3,812) ............................ .......................... ..........5.036 ..........4.958 MON.. .............16,787 ...........302,160 10/03/2002. 10/15/2035.<br />
52108H MU 5 LB UBS COMML MTG TR 2002-C4 CL.............................................. ....... .. .........2 .1FE ..........13,068,256 ........90.020 ..........11,702,600 ..........13,000,000 ..........13,028,572 .......................... ..............(7,193) ............................ .......................... ..........4.853 ..........4.786 MON.. .............35,049 ...........630,890 10/01/2002. 09/15/2031.<br />
525170 AE 6 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 .....6* ...............486,191 ........50.000 ...............243,095 ...............486,191 ...............243,095 ..........(243,095) .......................... ............................ .......................... ..........7.766 ........15.532 MON.. .......................... .............31,465 06/15/1995. 02/01/2012.<br />
525170 AJ 5 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 ......6 ...............472,651 ........80.000 ...............378,121 ...............472,651 ...............378,121 ............(94,530) .......................... ............................ .......................... ..........7.766 ..........9.707 MON.. .......................... .............30,533 06/15/1995. 02/01/2012.<br />
525170 AL 0 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 ......6 ...............297,091 ........80.000 ...............237,673 ...............297,091 ...............237,673 ............(59,418) .......................... ............................ .......................... ..........7.766 ..........9.708 MON.. .......................... .............19,176 06/15/1995. 02/01/2012.<br />
525170 AN 6 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 ......6 ...............432,170 ........80.000 ...............345,736 ...............432,170 ...............345,736 ............(86,434) .......................... ............................ .......................... ..........7.766 ..........9.707 MON.. .......................... .............27,969 06/15/1995. 02/01/2012.<br />
525170 AQ 9 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 ......6 ...............567,153 ........80.000 ...............453,723 ...............567,153 ...............453,723 ..........(113,431) .......................... ............................ .......................... ..........7.766 ..........9.707 MON.. .......................... .............36,704 06/15/1995. 02/01/2012.<br />
525170 AS 5 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 .....6* ...............225,112 ........50.000 ...............112,556 ...............225,112 ...............112,556 ..........(112,556) .......................... ............................ .......................... ..........7.766 ........15.532 MON.. .......................... .............14,568 06/15/1995. 02/01/2012.<br />
525170 AU 0 LEHMAN ABS CORP (CIRCUIT CITY)............................................... ....... .. .........2 ......6 ...............630,202 ........80.000 ...............504,162 ...............630,202 ...............504,162 ..........(126,040) .......................... ............................ .......................... ..........7.766 ..........9.708 MON.. .......................... .............40,785 06/15/1995. 02/01/2012.
E10.91<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
54313P AB 9 LONGPORT FDG II LTD/CORP CL B................................................. ....... .. .......23 .6FE ...............112,579 ................... ............................. ............2,590,563 ............................. .......................... .......................... ..............126,204 .......................... ..........9.000 ..........3.780 FMAN. .......................... .............58,288 04/22/2005. 02/03/2040.<br />
55445R AL 1 MACH ONE 2004 1 H 144A CMBS..................................................... ....... .. .......23 .2FE ............1,919,854 ........11.000 ...............220,000 ............2,000,000 ............1,950,686 .......................... ...............8,464 ............................ .......................... ..........6.599 ..........7.206 MON.. .............10,999 ...........132,144 07/12/2004. 05/28/2040.<br />
558263 AL 3 MADISON SQUARE 2004-1 LTD/CORP............................................ ....... .. .......23 .1FE ..........18,451,346 ........93.000 ..........17,040,925 ..........18,323,575 ..........18,439,006 .......................... .............34,918 ............................ .......................... ..........6.150 ..........6.083 MON.. .............93,908 ........1,220,808 01/26/2006. 09/25/2043.<br />
56164M AC 9 MAN GLNWD ALT STRAT II LTD CL................................................. ....... .. .......23 .1FE ............4,000,000 ........54.433 ............2,177,320 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........4.677 ..........4.678 MN..... .............23,388 ...........229,882 07/30/2003. 05/15/2010.<br />
56164M AD 7 MAN GLNWD ALT STRAT II LTD CL................................................. ....... .. .......23 .2FE ............6,000,000 ........48.979 ............2,938,740 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........6.227 ..........6.228 MN..... .............46,706 ...........439,890 07/30/2003. 05/17/2010.<br />
56659M AB 3 MARGATE FDG I LTD 9%(EXP) INCO.............................................. ....... .. .......23 .6FE ............................. ................... ............................. ............3,806,310 ............................. .......................... .......................... ..............699,981 .......................... ..........9.000 ..........9.282 MJSD. .............25,693 .......................... 11/24/2004. 12/20/2044.<br />
576436 CD 9 MASTER SPECIALIZED LN TR SER 2.............................................. ....... .. .........2 .1FE ............2,539,336 ........75.000 ............1,904,514 ............2,539,352 ............2,539,345 .......................... ......................3 ............................ .......................... ..........5.150 ..........5.150 MON.. .............10,898 ...........127,123 06/27/2005. 07/25/2035.<br />
576434 NU 4 MASTR ALT LN TR 2004-3 1A1 CMO................................................ ....... .. .........2 .1FE ............2,328,170 ........87.625 ............1,972,335 ............2,250,882 ............2,292,430 .......................... ............(13,235) ............................ .......................... ..........5.000 ..........4.569 MON.. ...............9,379 ...........112,544 02/23/2004. 03/25/2019.<br />
57643L LE 4 MASTR ASSET BCKD SECS 05-AB1 A............................................ ....... .. .........2 .1FE ............6,960,436 ........33.295 ............2,330,650 ............7,000,000 ............6,972,422 .......................... ...............3,058 ............................ .......................... ..........5.750 ..........5.832 MON.. .............33,542 ...........402,500 10/07/2005. 11/25/2035.<br />
55265K XN 4 MASTR ASSET SEC TR 2003-5 2A5................................................. ....... .. .........2 .1FE ............6,468,920 ........89.031 ............5,865,660 ............6,588,334 ............6,510,898 .......................... ...............7,282 ............................ .......................... ..........5.000 ..........5.193 MON.. .............27,451 ...........329,388 04/16/2003. 06/25/2018.<br />
576436 CN 7 MASTR SPECIALIZED LN TR 05-3 A................................................ ....... .. .......23 .1FE ............4,649,733 ........89.688 ............4,170,539 ............4,650,052 ............4,650,354 .......................... .................(159) ............................ .......................... ..........5.704 ..........5.700 MON.. .............22,103 ...........265,225 11/01/2006. 11/25/2035.<br />
55264T AY 7 MBNA CR CARD MASTER TR 2002-3............................................... ....... .. .......23 .2FE ..........12,000,000 ........41.604 ............4,992,480 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........2.772 ..........2.772 MON.. .............15,711 ...........543,883 06/05/2002. 10/15/2014.<br />
55264T DB 4 MBNA CREDIT CARD MSTR NT TR 20............................................. ....... .. .......23 .1FE ...................4,955 ........92.184 ...................4,609 ...................5,000 ...................4,965 .......................... ....................11 ............................ .......................... ..........2.506 ..........2.973 MON.. ......................6 ....................80 06/06/2008. 11/15/2012.<br />
55262T EB 5 MBNA MASTER CR CARD TR MBNAM 9......................................... ....... .. .......12 .1FE ...............915,156 ........99.599 ...............995,990 ............1,000,000 ...............997,479 .......................... .............11,595 ............................ .......................... ..........5.900 ..........7.123 MON.. ...............2,622 .............59,000 08/04/1999. 08/15/2011.<br />
58984Q AA 8 MERISTAR COMM MTG TR 144A SER............................................. ....... .. .........2 .1FE ............1,021,283 ......100.906 ............1,034,218 ............1,024,933 ............1,024,741 .......................... ..................774 ............................ .......................... ..........7.280 ..........7.332 MON.. ...............6,218 .............74,611 02/09/2000. 03/03/2016.<br />
589929 3T 3 MERRILL LYNCH MTG INVS INC 200............................................... ....... .. .........2 .1FE ............2,999,686 ........97.529 ............2,930,855 ............3,005,111 ............3,000,955 .......................... ..................921 ............................ .......................... ..........4.086 ..........4.100 MON.. .............10,232 ...........133,777 09/24/2003. 08/25/2033.<br />
589929 PU 6 MERRILL LYNCH MTG INVS 98-C1-C............................................... ....... .. .......23 .1FE ..........20,668,275 ........95.572 ..........17,930,118 ..........18,760,849 ..........19,715,374 .......................... ..........(235,412) ............................ .......................... ..........6.720 ..........5.173 MON.. ...........105,061 ........1,260,729 07/20/2004. 11/15/2026.<br />
59022H AD 4 MERRILL LYNCH MTG TR 2002-MW1.............................................. ....... .. .........2 .1FE ..........11,055,128 ........93.101 ..........10,241,110 ..........11,000,000 ..........11,022,698 .......................... ..............(5,836) ............................ .......................... ..........5.845 ..........5.778 MON.. .............53,579 ...........642,950 06/26/2002. 07/12/2034.<br />
59022H AE 2 MERRILL LYNCH MTG TR 2002-MW1.............................................. ....... .. .........2 .1FE ............2,512,519 ........93.137 ............2,328,425 ............2,500,000 ............2,505,163 .......................... ..............(1,326) ............................ .......................... ..........5.904 ..........5.837 MON.. .............12,300 ...........147,600 06/26/2002. 07/12/2034.<br />
59022K AC 9 MERRILL LYNCH MTG TR 2006 C2 C............................................... ....... .. .........2 .1FE ..........18,499,319 ........80.960 ..........14,977,600 ..........18,500,000 ..........18,499,453 .......................... ....................59 ............................ .......................... ..........5.764 ..........5.764 MON.. .............88,862 ........1,066,339 08/08/2006. 08/12/2043.<br />
59022H EW 8 MERRILL LYNCH MTG 04-BPC1 A4 C.............................................. ....... .. .......23 .1FE ..........10,050,870 ........86.517 ............8,651,700 ..........10,000,000 ..........10,027,215 .......................... ..............(5,819) ............................ .......................... ..........4.724 ..........4.652 MON.. .............39,367 ...........472,400 11/01/2006. 10/12/2041.<br />
59022H NB 4 MERRILL LYNCH MTG 05-LC1 A-SB................................................ ....... .. .........2 .1FE ..........25,136,258 ........82.554 ..........20,638,500 ..........25,000,000 ..........25,079,147 .......................... ............(19,962) ............................ .......................... ..........5.282 ..........5.183 MON.. ...........110,042 ........1,320,500 12/16/2005. 01/12/2044.<br />
59023B AD 6 MERRILL LYNCH MTG 06 C1 A-SB V............................................... ....... .. .......23 .1FE ...............384,507 ........78.151 ...............293,066 ...............375,000 ...............383,113 .......................... ...................(14) ............................ .......................... ..........5.841 ..........5.392 MON.. ...............1,825 .............21,561 11/07/2006. 05/12/2039.<br />
593171 AS 0 MEZZ CAP COM MTG 04-C2 A 144A................................................ ....... .. .........2 .1FE ............1,378,456 ........30.000 ...............414,955 ............1,383,184 ............1,379,861 .......................... ..................332 ............................ .......................... ..........5.318 ..........5.381 MON.. ...............6,130 .............73,558 11/01/2006. 10/15/2014.<br />
593171 AU 5 MEZZ CAP COM MTG 04-C2 B 144A................................................ ....... .. .........2 .1FE ............1,095,937 ........15.000 ...............164,400 ............1,096,000 ............1,095,959 .......................... ......................3 ............................ .......................... ..........5.757 ..........5.758 MON.. ...............5,258 .............63,097 11/29/2004. 10/14/2015.<br />
593171 AF 8 MEZZ CAP COML MTG 04-C1 B 144................................................ ....... .. .........2 .1FE ............2,778,851 ........15.000 ...............416,850 ............2,779,000 ............2,778,865 .......................... ......................3 ............................ .......................... ..........5.384 ..........5.384 MON.. .............12,468 ...........144,376 02/12/2004. 01/15/2037.<br />
593171 AA 9 MEZZ CAP COML MTG 04-C1 A 144A.............................................. ....... .. .........2 .1FE ............9,253,557 ........30.000 ............2,776,099 ............9,253,664 ............9,253,620 .......................... ....................14 ............................ .......................... ..........4.836 ..........4.836 MON.. .............37,292 ...........447,507 02/12/2004. 01/15/2037.<br />
593171 BJ 9 MEZZ CAP COML MTG 05-C3 A 144A.............................................. ....... .. .........2 .1FE ..........13,649,250 ........25.000 ............3,412,332 ..........13,649,330 ..........13,649,255 .......................... ......................2 ............................ .......................... ..........5.717 ..........5.717 MON.. .............65,028 ...........783,606 12/02/2005. 05/15/2044.<br />
59317A AD 3 MEZZ CAP COML MTG 06 C4 C 144A.............................................. ....... .. .......23 .3FE ............2,178,451 ..........8.000 ...............177,840 ............2,223,000 ............2,190,105 .......................... ...............3,998 ............................ .......................... ..........6.041 ..........6.284 MON.. .............11,191 ...........134,291 12/15/2006. 10/15/2016.<br />
59548P AB 5 MID STATE CAP CORP 06 1 M1 144................................................ ....... .. .........2 .1FE ...............757,486 ........75.999 ...............575,682 ...............757,486 ...............757,486 .......................... .......................... ............................ .......................... ..........6.083 ..........6.083 MON.. ...............3,840 .............46,078 10/27/2006. 10/15/2040.<br />
59560U AA 9 MID STATE CAP CORP 2004 1 TR C................................................ ....... .. .........2 .1FE ............3,268,275 ........84.343 ............2,756,597 ............3,268,317 ............3,268,291 .......................... ......................3 ............................ .......................... ..........6.005 ..........6.005 MON.. .............16,355 ...........196,263 07/01/2004. 08/15/2037.<br />
59549W AA 1 MID STATE TR XI CL A ASB.............................................................. ....... .. .........2 .1FE ............2,130,665 ........87.183 ............1,857,666 ............2,130,766 ............2,130,705 .......................... ......................7 ............................ .......................... ..........4.864 ..........4.865 MON.. ...............4,606 ...........103,641 06/18/2003. 07/15/2038.<br />
59549W AC 7 MID STATE TR XI CL M2 HEL............................................................ ....... .. .........2 .1FE ...............532,676 ........73.165 ...............389,746 ...............532,695 ...............532,682 .......................... ......................2 ............................ .......................... ..........6.573 ..........6.573 MON.. ...............1,556 .............34,951 06/18/2003. 07/15/2038.<br />
55312T AH 6 ML CFC COML MTG 07 6 B CMBS.................................................... ....... .. .......23 .1FE ............8,954,938 ........17.815 ............1,586,604 ............8,906,000 ............8,948,245 .......................... ..............(3,976) ............................ .......................... ..........5.635 ..........5.563 MON.. .............41,821 ...........501,853 03/30/2007. 03/12/2051.<br />
55312T AJ 2 ML CFC COML MTG 07 6 C CMBS.................................................... ....... .. .......23 .1FE ............6,127,296 ........17.377 ............1,058,954 ............6,094,000 ............6,122,751 .......................... ..............(2,701) ............................ .......................... ..........5.674 ..........5.602 MON.. .............28,814 ...........345,773 03/30/2007. 03/12/2051.<br />
55313K AE 1 ML CFC COML MTG 07 7 A4 CMBS.................................................. ....... .. .......23 .1FE ............7,239,284 ........70.993 ............5,111,496 ............7,200,000 ............7,238,021 .......................... ..................402 ............................ .......................... ..........5.810 ..........5.737 MON.. .............34,860 ...........416,135 05/31/2007. 06/12/2050.<br />
60687U AE 7 ML-CFC COML MTG 06-2 A4 FLTG R............................................... ....... .. .......23 .1FE ............7,001,641 ........80.121 ............5,608,470 ............7,000,000 ............7,001,580 .......................... .....................(2) ............................ .......................... ..........6.104 ..........6.101 MON.. .............35,609 ...........420,484 08/03/2007. 06/12/2046.<br />
589929 F3 7 MLMI SER 2003-A1 3A....................................................................... ....... .. .......23 .1FE ............1,766,388 ........92.150 ............1,564,692 ............1,697,984 ............1,716,510 .......................... ............(31,738) ............................ .......................... ..........4.910 ..........4.518 MON.. ...............6,948 .............83,371 01/29/2003. 12/25/2032.<br />
61746R BY 6 MORG STAN ABS CAP I TR 03-HE1................................................. ....... .. .......23 .2FE ...............547,174 ........20.619 ...............195,892 ...............950,055 ...............725,604 .......................... ...........134,666 ............................ .......................... ..........7.186 ........26.606 MON.. .......................... .............67,626 07/17/2003. 05/25/2033.<br />
61746R EA 5 MORG STAN ABS CAP TR 03-NC10 C............................................. ....... .. .......23 .2FE ...............294,621 ........15.844 .................79,980 ...............504,796 ...............294,621 .......................... .......................... ............................ .......................... ..........7.411 ..........4.420 MON.. .......................... .............32,890 04/01/2008. 10/25/2033.<br />
61748R AG 4 MORG STAN INVT MGT CROTON 05-1............................................ ....... .. .......23 .1FE ............4,000,000 ........41.900 ............1,676,000 ............4,000,000 ............4,000,000 .......................... .......................... ............................ .......................... ..........5.643 ..........5.643 JAJO.. .............48,906 ...........225,720 11/04/2005. 01/15/2018.<br />
61752R AL 6 MORG STAN MTG LN 07 3XS 2A5 HE.............................................. ....... .. .........2 .4FE ............3,493,376 ........31.758 ............3,493,380 ..........11,000,000 ............3,493,376 .......................... .......................... ...........7,506,624 .......................... ..........6.207 ..........6.207 MON.. .............56,898 ...........682,059 02/15/2007. 01/25/2047.<br />
61748K EQ 3 MORGAN STANLEY ACES 2006-12 14............................................. ....... .. .......23 .2FE ..........25,000,000 ..........8.000 ............2,000,000 ..........25,000,000 ..........25,000,000 .......................... .......................... ............................ .......................... ..........4.233 ..........4.234 MJSD. .............35,281 ........1,122,331 05/18/2006. 09/20/2013.<br />
61745M 6G 3 MORGAN STANLEY CAP I INC 05-HQ.............................................. ....... .. .........2 .1FE ............7,551,300 ........81.698 ............6,518,888 ............7,979,250 ............7,616,436 .......................... .............46,798 ............................ .......................... ..........4.989 ..........5.861 MON.. .............33,174 ...........398,085 07/31/2007. 08/13/2042.<br />
61745M QL 0 MORGAN STANLEY CAP I MSC 2003-............................................. ....... .. .........2 .1FE ............1,458,043 ........96.500 ............1,394,280 ............1,444,849 ............1,446,710 .......................... ..............(3,191) ............................ .......................... ..........3.270 ..........3.112 MON.. ...............3,937 .............47,247 05/29/2003. 05/15/2040.<br />
61745M MG 5 MORGAN STANLEY CAP I SER 1999-.............................................. ....... .. .....234 .1FE ............1,422,457 ..........0.053 .................36,722 ............................. .................42,709 .......................... ..........(171,392) ............................ .......................... ..........0.319 ..........6.752 MON.. .............10,220 ...........174,865 04/22/1999. 04/03/2014.<br />
61750C AF 4 MORGAN STANLEY CAP I TR 2006 H.............................................. ....... .. .........2 .1FE .................34,470 ........77.406 .................27,092 .................35,000 .................34,539 .......................... ....................62 ............................ .......................... ..........5.731 ..........5.953 MON.. ..................167 ...............2,006 07/27/2007. 07/12/2044.<br />
61754K AF 2 MORGAN STANLEY CAP I TR 2007 I................................................ ....... .. .......23 .1FE .................48,775 ........75.045 .................37,523 .................50,000 .................48,961 .......................... ..................145 ............................ .......................... ..........5.692 ..........6.020 MON.. ..................237 ...............2,846 07/26/2007. 04/15/2049.<br />
61745M 3D 3 MORGAN STANLEY CAP I 05HQ5 A3............................................... ....... .. .........2 .1FE ...............841,467 ........83.520 ...............709,920 ...............850,000 ...............844,817 .......................... ...............1,619 ............................ .......................... ..........5.007 ..........5.235 MON.. ...............3,547 .............42,560 11/08/2006. 01/14/2042.<br />
61750W AZ 6 MORGAN STANLEY CAP I 06 IQ12 A............................................... ....... .. .........2 .1FE ............1,961,719 ........28.201 ...............564,020 ............2,000,000 ............1,966,819 .......................... ...............3,231 ............................ .......................... ..........5.399 ..........5.659 MON.. ...............8,998 ...........107,980 05/17/2007. 12/15/2043.<br />
61750W BC 6 MORGAN STANLEY CAP I 06 IQ12 D............................................... ....... .. .......23 .1FE ............8,685,741 ........20.042 ............1,764,297 ............8,803,000 ............8,701,463 .......................... ...............9,863 ............................ .......................... ..........5.528 ..........5.709 MON.. .............40,552 ...........486,630 05/11/2007. 12/15/2043.<br />
61749M AV 1 MORGAN STANLEY CAP I 06 TOP23............................................... ....... .. .......23 .1FE ............6,976,211 ........81.472 ............5,703,040 ............7,000,000 ............6,991,843 .......................... .............14,794 ............................ .......................... ..........5.984 ..........6.034 MON.. .............34,907 ...........412,822 08/03/2007. 08/12/2041.<br />
61745M F4 0 MORGAN STANLEY CAP 04-RR2 A2 1............................................. ....... .. .......23 .1FE ............8,669,586 ........25.000 ............2,142,924 ............8,571,695 ............8,604,519 .......................... ............(17,576) ............................ .......................... ..........5.450 ..........5.240 MON.. .............38,930 ...........467,176 06/17/2004. 10/28/2033.
E10.92<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
61745M F9 9 MORGAN STANLEY CAP 1 04-RR2 E............................................... ....... .. .......23 .1FE ............2,945,061 ..........8.000 ...............240,000 ............3,000,000 ............2,965,511 .......................... ...............5,706 ............................ .......................... ..........6.654 ..........6.941 MON.. .............16,636 ...........215,184 06/17/2004. 10/28/2033.<br />
61745M B7 7 MORGAN STANLEY CAPITAL 1 2004-.............................................. ....... .. .........2 .1FE ............2,199,804 ........20.000 ...............440,000 ............2,200,000 ............2,199,975 .......................... ....................14 ............................ .......................... ..........5.820 ..........5.822 MON.. .............10,670 ...........128,040 06/03/2004. 10/25/2010.<br />
61745M C4 3 MORGAN STANLEY CAPITAL 1 2004-.............................................. ....... .. .........2 .3FE ............4,718,546 ........10.000 ...............561,300 ............5,613,000 ............5,278,567 .......................... ...........102,039 ............................ .......................... ..........6.000 ..........8.403 MON.. .............28,065 ...........336,780 06/03/2004. 04/28/2039.<br />
61750Y AH 2 MORGAN STANLEY MTG LN 06 15XS............................................. ....... .. .......23 .1FE ..........28,966,225 ........41.261 ..........11,925,667 ..........28,903,000 ..........28,963,842 .......................... .................(771) ............................ .......................... ..........6.189 ..........6.172 MON.. ...........149,088 ........1,788,915 01/05/2007. 11/25/2036.<br />
61749E AG 2 MORGAN STANLEY MTG LN 06-12XS............................................. ....... .. .........2 .4FE ...............581,144 ........29.057 ...............581,140 ............2,000,000 ...............581,144 .......................... .......................... ...........1,418,856 .......................... ..........6.239 ..........6.240 MON.. .............10,400 ...........124,798 09/22/2006. 10/25/2036.<br />
61752J AB 6 MORGAN STANLEY MTG LN 07 1XS 1............................................ ....... .. .........2 .4FE ............2,142,000 ........40.000 ............2,142,000 ............5,355,000 ............2,142,000 .......................... .......................... ...........3,213,000 .......................... ..........5.857 ..........5.858 MON.. .............26,141 ...........313,693 01/23/2007. 02/25/2037.<br />
61752J AK 6 MORGAN STANLEY MTG LN 07 1XS 2............................................ ....... .. .........2 .4FE ............7,800,000 ........39.000 ............7,800,000 ..........20,000,000 ............7,800,000 .......................... .......................... .........12,200,000 .......................... ..........6.271 ..........6.272 MON.. ...........104,516 ........1,254,394 01/22/2007. 09/25/2046.<br />
61752J AL 4 MORGAN STANLEY MTG LN 07 1XS 2............................................ ....... .. .........2 .4FE ............8,488,741 ........42.745 ............8,488,730 ..........19,859,000 ............8,488,741 .......................... .......................... .........11,370,259 .......................... ..........5.857 ..........5.858 MON.. .............96,940 ........1,163,255 01/23/2007. 09/25/2046.<br />
61746W GP 9 MORGAN STANLEY MTG TR MSDWC 01........................................ ....... .. .........2 .1FE ............7,138,922 ......104.178 ............7,396,638 ............7,100,000 ............7,111,053 .......................... ..............(4,526) ............................ .......................... ..........7.005 ..........6.928 MON.. .............33,157 ...........497,355 04/20/2001. 03/11/2016.<br />
61746W GQ 7 MORGAN STANLEY MTG TR MSDWC 01........................................ ....... .. .........2 .1FE ............2,010,868 ......104.379 ............2,087,580 ............2,000,000 ............2,003,096 .......................... ..............(1,266) ............................ .......................... ..........7.102 ..........7.025 MON.. ...............9,469 ...........142,040 04/20/2001. 03/11/2016.<br />
553206 AA 1 MPC NATURAL GAS FNDG TR 1998-1............................................. ....... .. .........2 .1FE ...............768,339 ........80.000 ...............570,460 ...............713,075 ...............726,989 .......................... ............(10,371) ............................ .......................... ..........6.200 ..........5.058 MS..... .............13,018 .............44,211 06/26/2002. 03/15/2013.<br />
62544H AC 9 MULTI SEC ASSET TR 05-RR4 A3 C................................................ ....... .. .......23 .1FE ..........12,727,138 ........60.000 ............7,575,000 ..........12,625,000 ..........12,674,304 .......................... ............(15,488) ............................ .......................... ..........5.000 ..........4.868 MON.. .............52,604 ...........683,854 11/07/2006. 11/28/2035.<br />
64109Y AB 7 NET LEASE FDG 05 LP A2 TRIPLE................................................... ....... .. .........2 .2FE ............3,151,275 ........20.000 ...............630,255 ............3,151,275 ............3,151,275 .......................... .......................... ............................ .......................... ..........4.770 ..........4.770 MON.. ...............1,670 ...........150,341 02/25/2005. 02/27/2014.<br />
64352V GK 1 NEW CENTURY HOME EQ 04-A MI1 V............................................ ....... .. .........2 .2FE ..........24,071,864 ........53.982 ..........13,424,856 ..........24,869,135 ..........24,434,053 .......................... .............82,907 ............................ .......................... ..........5.650 ..........6.137 MON.. ...........117,092 ........1,382,233 08/02/2004. 08/25/2034.<br />
64352V EC 1 NEW CENTURY HOME EQTY LN TR 03........................................... ....... .. .........2 .1FE ..........16,584,409 ........67.800 ..........11,460,912 ..........16,904,000 ..........16,783,848 .......................... ...............7,209 ............................ .......................... ..........5.500 ..........5.805 MON.. .............77,477 ...........928,419 10/17/2003. 11/25/2033.<br />
64352V EF 4 NEW CENTURY HOME EQTY LN TR 03........................................... ....... .. .........2 .1FE ..........10,555,131 ........81.169 ............8,569,506 ..........10,557,609 ..........10,556,744 .......................... ..................294 ............................ .......................... ..........5.150 ..........5.154 MON.. .............45,310 ...........543,717 10/07/2003. 11/25/2033.<br />
64352V EK 3 NEW CENTURY HOME EQTY LN TR 03........................................... ....... .. .........2 .2FE ...............507,591 ........42.086 ...............551,353 ............1,310,062 ...............542,719 .......................... .............10,043 ..............667,589 .......................... ..........5.500 ..........7.109 MON.. .......................... .............71,950 10/07/2003. 11/25/2033.<br />
64352V EM 9 NEW CENTURY HOME EQTY LN TR 03........................................... ....... .. .........2 .2FE ...............112,335 ........28.970 ...............152,032 ...............524,793 ...............174,895 .......................... ...............8,427 ..............263,670 .......................... ..........5.500 ..........9.473 MON.. .......................... .............28,822 10/07/2003. 11/25/2033.<br />
64352V EH 0 NEW CENTURY HOME EQUITY 03-5 M........................................... ....... .. .........2 .1FE ............5,133,177 ........61.150 ............3,187,744 ............5,212,992 ............5,180,001 .......................... ...............7,310 ............................ .......................... ..........5.410 ..........5.659 MON.. .............23,502 ...........282,001 01/06/2004. 11/25/2033.<br />
655356 JF 1 NOMURA ASSET SECS CORP 98-D6 C........................................... ....... .. .........2 .1FE ...............282,911 ........99.861 ...............258,353 ...............258,712 ...............284,052 .......................... ..............(2,875) ............................ .......................... ..........6.590 ..........5.539 MON.. ..................947 .............17,049 10/22/1998. 03/15/2030.<br />
674135 CF 3 OAKWOOD MTG INVESTORS OAK 97-B......................................... ....... .. .........2 .6FE ..........................1 ................... ............................. ............4,267,624 ............................. .......................... .......................... ............................ .......................... ..........8.075 ........53.326 MON.. .......................... .......................... 11/23/2004. 08/15/2027.<br />
674135 CQ 9 OAKWOOD MTG INVESTORS OAK 97-C......................................... ....... .. .........2 .6FE ..........................2 ................... ............................. ............6,083,181 ............................. .......................... .......................... ............................ .......................... ..........7.700 ........75.276 MON.. .......................... .......................... 12/31/2002. 11/15/2027.<br />
674135 CX 4 OAKWOOD MTG INVESTORS OAK 97-D......................................... ....... .. .........2 .6FE .................78,086 ................... ............................. ............9,203,073 ............................. .......................... .......................... ............................ .......................... ..........7.550 ........48.781 MON.. .......................... .......................... 12/31/2002. 02/15/2028.<br />
674135 DS 4 OAKWOOD MTG INVESTORS OAK 98-B......................................... ....... .. .........2 .6FE ..........................1 ................... ............................. ............4,450,784 ............................. .......................... .......................... ............................ .......................... ..........7.750 ........99.638 MON.. .......................... .......................... 12/31/2002. 04/15/2028.<br />
68233L AC 3 ONCOR ELEC DEL CO 2003-1 A3 TR............................................... ....... .. .........2 .1FE ..........19,993,673 ........99.111 ..........19,822,200 ..........20,000,000 ..........19,997,644 .......................... ..................823 ............................ .......................... ..........4.950 ..........4.955 FA...... ...........374,000 ...........990,000 08/14/2003. 02/15/2015.<br />
68233L AD 1 ONCOR ELEC DEL CO 2003-1 A4 TR............................................... ....... .. .........2 .1FE ..........11,048,984 ........96.095 ..........10,570,450 ..........11,000,000 ..........11,028,282 .......................... ..............(4,355) ............................ .......................... ..........5.420 ..........5.365 FA...... ...........225,231 ...........596,200 09/03/2003. 08/15/2017.<br />
705220 AM 3 PECO ENERGY TRANSITION TR 2001............................................ ....... .. .........2 .1FE ............2,506,724 ......100.770 ............2,307,633 ............2,290,000 ............2,341,814 .......................... ............(34,466) ............................ .......................... ..........6.520 ..........4.820 MS..... .............49,769 ...........149,308 11/01/2006. 12/31/2010.<br />
693401 AB 7 PG&E ENERGY RECOVERY FDG LLC 2.......................................... ....... .. .........2 .1FE ...................6,453 ......100.102 ...................6,604 ...................6,597 ...................6,570 .......................... ..................215 ............................ .......................... ..........3.870 ..........5.195 MJSD. ......................4 ..................255 07/26/2007. 06/25/2011.<br />
69350* AA 9 PLT FIN LP ENHANCEMENT NT....................................................... ....... .. .........3 .....6* ........................25 ................... ............................. ............7,985,123 ............................. .......................... .......................... ............................ .......................... ..........1.250 ........79.697 MON.. .......................... .......................... 10/30/2002. 09/09/2099.<br />
693432 AB 2 PMC CAP LP PMCLP 98-1 A FLTR S................................................ ....... .. .......23 .1FE ...............845,607 ........70.000 ...............591,925 ...............845,607 ...............845,607 .......................... .......................... ............................ .......................... ..........4.000 ..........4.000 MON.. ...............2,819 .............41,047 11/17/1998. 04/01/2021.<br />
73316P EZ 9 POPULAR ABS INC 05-4 AF5 FLTG.................................................. ....... .. .......23 .1FE ..........12,000,000 ........86.249 ..........10,349,880 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........5.537 ..........5.537 MON.. .............55,370 ...........664,253 08/11/2005. 09/25/2035.<br />
73316P AD 2 POPULAR ABS INC 2004-4 CL AF4................................................... ....... .. .......23 .1FE ............7,911,790 ........76.602 ............6,061,360 ............7,912,797 ............7,912,479 .......................... ..................138 ............................ .......................... ..........4.628 ..........4.631 MON.. .............30,517 ...........366,042 06/23/2005. 09/25/2034.<br />
73316P AJ 9 POPULAR ABS INC 2004-4 CL M2 H................................................. ....... .. .......23 .1FE ............3,322,328 ........49.154 ............1,633,105 ............3,322,426 ............3,322,377 .......................... ....................17 ............................ .......................... ..........5.626 ..........5.626 MON.. .............15,577 ...........186,837 09/15/2004. 09/25/2034.<br />
73316P CL 2 POPULAR ABS INC 2005-02 CL M2.................................................. ....... .. .......23 .1FE ............2,112,180 ........53.829 ............1,136,965 ............2,112,180 ............2,112,180 .......................... .......................... ............................ .......................... ..........5.717 ..........5.717 MON.. .............10,063 ...........120,675 03/18/2005. 04/25/2035.<br />
760985 XK 2 RAMP 2003-RS6 AI5 HEL................................................................... ....... .. .........2 .2FE ............6,998,362 ........46.698 ............3,268,860 ............7,000,000 ............6,999,442 .......................... ..................130 ............................ .......................... ..........5.420 ..........5.424 MON.. .............31,617 ...........379,400 07/18/2003. 07/25/2033.<br />
760985 XL 0 RAMP 2003-RS6 AI6 HEL................................................................... ....... .. .........2 .2FE ............7,203,299 ........72.080 ............5,192,541 ............7,203,858 ............7,203,692 .......................... ....................65 ............................ .......................... ..........4.580 ..........4.581 MON.. .............27,495 ...........329,937 07/18/2003. 07/25/2033.<br />
760985 XW 6 RAMP 2003-RS7 AI6 HEL................................................................... ....... .. .........2 .1FE ............6,806,262 ........93.659 ............6,377,798 ............6,809,594 ............6,808,484 .......................... ..................410 ............................ .......................... ..........5.340 ..........5.348 MON.. .............30,303 ...........363,632 08/20/2003. 08/25/2033.<br />
760985 XZ 9 RAMP 2003-RS7 MI3 HEL.................................................................. ....... .. .........2 .4FE ............1,798,537 ........40.892 ...............823,427 ............2,013,663 ............1,915,488 .......................... .............20,511 ............................ .......................... ..........6.200 ..........7.849 MON.. .............10,404 ...........121,887 08/20/2003. 08/25/2033.<br />
760985 WS 6 RAMP 2003-RZ3 M2 HEL................................................................... ....... .. .........2 .1FE ............3,564,817 ........43.807 ............1,562,543 ............3,566,880 ............3,566,438 .......................... ..................219 ............................ .......................... ..........4.620 ..........4.630 MON.. .............13,732 ...........164,790 06/13/2003. 06/25/2033.<br />
74924P AH 5 RASC SER 2004 KS1 MI2 HEL.......................................................... ....... .. .........2 .1FE ............1,086,218 ........49.377 ...............536,369 ............1,086,272 ............1,086,250 .......................... ....................11 ............................ .......................... ..........5.072 ..........5.073 MON.. ...............4,591 .............55,094 01/13/2004. 02/25/2034.<br />
76110W SY 3 RASC 2003-KS7 AI4 HEL................................................................... ....... .. .........2 .1FE ............2,582,816 ........97.014 ............2,505,792 ............2,582,917 ............2,582,892 .......................... ....................23 ............................ .......................... ..........4.704 ..........4.705 MON.. .............10,125 ...........121,500 08/13/2003. 10/25/2031.<br />
76110W TD 8 RASC 2003-KS7 MI3 HEL................................................................... ....... .. .........2 .2FE ............1,328,657 ..........9.703 ...............143,344 ............1,477,315 ............1,432,887 .......................... .............22,475 ............................ .......................... ..........5.750 ..........7.096 MON.. ...............7,079 .............84,945 08/13/2003. 09/25/2033.<br />
759950 FF 0 RENAISSANCE HEL TR 05-1 AF5 HE............................................... ....... .. .......23 .1FE ............6,986,822 ........48.506 ............3,395,420 ............7,000,000 ............6,990,786 .......................... ..................304 ............................ .......................... ..........5.451 ..........5.477 MON.. .............31,798 ...........381,565 09/28/2005. 05/25/2035.<br />
759676 AG 4 RENAISSANCE HEL TR 06-2 AF4 HE............................................... ....... .. .......23 .1FE ............5,018,417 ........64.053 ............6,405,300 ..........10,000,000 ............5,022,179 .......................... ...............3,762 ............................ .......................... ..........6.115 ........12.910 MON.. .............50,958 .............50,945 10/29/2008. 08/25/2036.<br />
759950 FZ 6 RENAISSANCE HOME EQ LN 05-4 A5............................................. ....... .. .......23 .1FE ............3,000,000 ........40.425 ............1,212,750 ............3,000,000 ............3,000,000 .......................... .......................... ............................ .......................... ..........6.066 ..........6.066 MON.. .............15,165 ...........180,674 12/09/2005. 02/25/2036.<br />
759950 GZ 5 RENAISSANCE HOME EQTY LN 06-1.............................................. ....... .. .........2 .1FE ...............499,990 ........35.565 ...............177,825 ...............500,000 ...............499,994 .......................... ......................1 ............................ .......................... ..........6.063 ..........6.063 MON.. ...............2,526 .............30,315 03/06/2006. 05/25/2036.<br />
75970Q AE 0 RENAISSANCE HOME EQUITY LN TR............................................. ....... .. .......23 .1FE .................49,971 ........75.786 .................37,893 .................50,000 .................49,987 .......................... ....................16 ............................ .......................... ..........5.675 ..........5.680 MON.. ..................236 ...............2,838 07/26/2007. 06/25/2037.<br />
759950 DN 5 RENAISSANCE HOME EQUITY LN 04-............................................ ....... .. .......23 .1FE ............9,999,960 ........70.530 ............7,053,000 ..........10,000,000 ............9,999,983 .......................... ......................5 ............................ .......................... ..........4.824 ..........4.824 MON.. .............40,200 ...........482,051 09/10/2004. 11/25/2034.<br />
759676 AN 9 RENAISSANCE HOME EQUITY LN 06-............................................ ....... .. .......23 .3FE ...............450,618 ........15.021 ...............450,630 ............3,000,000 ...............450,618 .......................... .......................... ...........2,549,382 .......................... ..........6.450 ..........6.450 MON.. .............16,125 ...........193,479 06/06/2006. 08/25/2036.<br />
759950 HF 8 RENAISSANCE HOME EQUITY LN 06-............................................ ....... .. .........2 .5FE ...............636,526 ..........9.752 ...............195,040 ............2,000,000 ...............807,634 .......................... ...........171,099 ............................ .......................... ..........7.004 ........48.778 MON.. .......................... ...........140,080 03/06/2006. 05/25/2036.<br />
759950 HG 6 RENAISSANCE HOME EQUITY LN 06-............................................ ....... .. .........2 .5FE ...............134,004 ..........4.490 ...............230,023 ............5,123,000 ...............230,022 .......................... ...........165,450 ...........1,045,581 .......................... ..........7.251 ..........7.262 MON.. .......................... ...........371,469 03/06/2006. 05/25/2036.<br />
759950 HH 4 RENAISSANCE HOME EQUITY LN 06-............................................ ....... .. .........2 .6FE ...................9,388 ..........5.708 ...............156,799 ............2,747,000 ...............156,799 .....................(3) ...........129,416 ..............542,417 .......................... ..........7.500 ..........7.830 MON.. .......................... ...........206,025 03/06/2006. 05/25/2036.<br />
759950 FG 8 RENAISSANCE HOME EQUITY LN 200............................................ ....... .. .......23 .1FE ............8,999,925 ........77.506 ............6,975,540 ............9,000,000 ............8,999,965 .......................... ....................12 ............................ .......................... ..........4.970 ..........4.970 MON.. .............37,275 ...........447,293 03/03/2005. 05/25/2035.<br />
759676 AP 4 RENAISSANCE HOME EQYITY LN 06-............................................. ....... .. .......23 .4FE ...............535,972 ........13.399 ...............535,960 ............4,000,000 ...............535,972 .......................... .......................... ...........1,785,777 .......................... ..........6.549 ..........6.549 MON.. .......................... ...........261,943 06/06/2006. 08/25/2036.
E10.93<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
75970N AM 9 RENAISSANCE MTG ACC CORP 05-2............................................. ....... .. .......23 .1FE ..........12,487,000 ........49.860 ............6,226,018 ..........12,487,000 ..........12,487,000 .......................... .......................... ............................ .......................... ..........5.201 ..........5.201 MON.. .............54,121 ...........649,448 06/03/2005. 08/25/2035.<br />
75970N BF 3 RENAISSANCE MTG ACCEP CORP 05-.......................................... ....... .. .........2 .1FE ..........15,933,044 ........41.172 ............6,560,346 ..........15,934,000 ..........15,933,356 .......................... ....................72 ............................ .......................... ..........5.428 ..........5.429 MON.. .............72,075 ...........864,897 09/09/2005. 11/25/2035.<br />
760985 WZ 0 RESDL ASST MTG PROD INC 03-RS5............................................. ....... .. .........2 .2FE ............1,546,957 ........86.263 ............1,334,799 ............1,547,360 ............1,547,254 .......................... ....................52 ............................ .......................... ..........4.020 ..........4.024 MON.. ...............5,184 .............62,204 06/20/2003. 04/25/2033.<br />
760985 J2 8 RESID ASSET MTG PROD INC 2003-............................................... ....... .. .........2 .2FE ............1,697,370 ........36.181 ...............614,456 ............1,698,284 ............1,698,050 .......................... ....................90 ............................ .......................... ..........5.600 ..........5.609 MON.. ...............7,925 .............95,104 12/04/2003. 12/25/2033.<br />
760985 J3 6 RESID ASSET MTG PROD INC 2003-............................................... ....... .. .........2 .4FE ...............432,322 ........13.816 .................59,776 ...............432,655 ...............432,571 .......................... ....................94 ............................ .......................... ..........6.390 ..........6.414 MON.. ...............2,304 .............27,647 12/04/2003. 12/25/2033.<br />
760985 RY 9 RESID ASSET MTG PROD 2003-RS1............................................... ....... .. .........2 .1FE ..........13,839,942 ........67.373 ............9,332,535 ..........13,852,041 ..........13,849,201 .......................... ...............3,011 ............................ .......................... ..........4.802 ..........4.835 MON.. .............55,431 ...........665,652 11/01/2006. 02/25/2033.<br />
760985 C8 2 RESID ASSET MTG PRODS 03-RS10.............................................. ....... .. .........2 .1FE ............4,457,933 ........61.145 ............2,727,558 ............4,460,802 ............4,459,676 .......................... ..................251 ............................ .......................... ..........5.860 ..........5.870 MON.. .............21,784 ...........261,403 11/21/2003. 11/25/2033.<br />
760985 ZE 4 RESID ASSET MTG PRODS 03-RS8 C............................................. ....... .. .........2 .1FE ..........10,499,768 ........57.925 ............6,082,125 ..........10,500,000 ..........10,499,911 .......................... ....................18 ............................ .......................... ..........5.960 ..........5.960 MON.. .............52,150 ...........625,789 09/18/2003. 09/25/2033.<br />
760985 ZK 0 RESID ASSET MTG PRODS 03-RS8 C............................................. ....... .. .........2 .4FE ............1,537,219 ........34.156 ...............576,972 ............1,689,226 ............1,626,717 .......................... .............14,137 ............................ .......................... ..........6.200 ..........7.227 MON.. ...............8,728 ...........103,943 09/18/2003. 09/25/2033.<br />
76112B FV 7 RESID ASSET MTG PRODS 04-RS12.............................................. ....... .. .........2 .1FE ............5,249,836 ........18.656 ...............979,440 ............5,250,000 ............5,250,000 .......................... .......................... ............................ .......................... ..........5.186 ..........5.187 MON.. .............23,445 ...........272,265 12/15/2004. 12/25/2034.<br />
76112B FW 5 RESID ASSET MTG PRODS 04-RS12.............................................. ....... .. .........2 .1FE ...............537,637 ..........8.852 .................66,390 ...............750,000 ...............537,652 .......................... .......................... ............................ .......................... ..........5.732 ..........5.732 MON.. .......................... .............42,990 12/15/2004. 12/25/2034.<br />
760985 2X 8 RESID ASSET MTG PRODS 04-RS4 A............................................. ....... .. .........2 .1FE ..........18,999,147 ........52.280 ............9,933,200 ..........19,000,000 ..........18,999,649 .......................... ....................76 ............................ .......................... ..........5.942 ..........5.943 MON.. .............94,082 ........1,128,894 04/16/2004. 04/25/2034.<br />
76112B AG 5 RESID ASSET MTG PRODS 04-RS8 M............................................ ....... .. .......23 .1FE ............2,364,713 ........58.185 ............1,378,613 ............2,369,361 ............2,366,004 .......................... .......................... ............................ .......................... ..........5.680 ..........5.686 MON.. .............11,589 ...........134,580 08/16/2004. 08/25/2034.<br />
760985 ST 9 RESID ASST MTG PRODS 03-RS2 CL............................................. ....... .. .........2 .2FE ..........10,604,578 ........60.967 ............6,465,622 ..........10,605,117 ..........10,605,087 .......................... ....................31 ............................ .......................... ..........4.552 ..........4.552 MON.. .............40,229 ...........482,745 03/14/2003. 11/25/2032.<br />
760985 S7 7 RESID ASST MTG PRODS 04-RP1 M4............................................. ....... .. .......23 .6FE .................17,063 ..........4.510 .................25,843 ...............573,024 .................17,063 .......................... .......................... ................32,377 .......................... ..........5.961 ..........4.600 MON.. .......................... .............33,448 02/27/2004. 11/25/2042.<br />
76110W TT 3 RESID ASST SECS CORP 03-KS8 CL.............................................. ....... .. .........2 .1FE ............8,441,715 ........94.077 ............7,943,408 ............8,443,517 ............8,442,939 .......................... ..................208 ............................ .......................... ..........4.830 ..........4.833 MON.. .............33,985 ...........407,467 09/08/2003. 10/25/2033.<br />
760985 N5 6 RESIDENTIAL ASSET MTG 04-RS1 M.............................................. ....... .. .........2 .1FE ............2,138,095 ........39.869 ...............852,440 ............2,138,103 ............2,138,099 .......................... ......................2 ............................ .......................... ..........5.463 ..........5.463 MON.. ...............9,734 ...........116,805 01/15/2004. 01/25/2034.<br />
760985 N6 4 RESIDENTIAL ASSET MTG 04-RS1 M.............................................. ....... .. .........2 .5FE ...............726,892 ........31.367 ...............345,090 ............1,100,170 ...............745,356 .......................... .............19,785 ............................ .......................... ..........6.056 ........23.089 MON.. .......................... .............66,627 01/15/2004. 01/25/2034.<br />
76110W UZ 7 RESIDENTIAL ASSET SECS CORP 20............................................. ....... .. .........2 .1FE ............4,128,127 ........50.182 ............2,072,024 ............4,129,019 ............4,128,698 .......................... ....................86 ............................ .......................... ..........5.570 ..........5.574 MON.. .............19,165 ...........229,986 11/17/2003. 12/25/2033.<br />
76110W PD 2 RESIDENTIAL ASSET SECS 2002 KS.............................................. ....... .. .........2 .2FE ............2,739,540 ........69.295 ............1,898,932 ............2,740,359 ............2,740,171 .......................... ....................98 ............................ .......................... ..........5.600 ..........5.605 MON.. .............12,788 ...........153,460 06/06/2002. 07/25/2032.<br />
76110W QB 5 RESIDENTIAL ASSET SECS 2002-KS.............................................. ....... .. .........2 .2FE ............8,127,588 ........72.348 ............5,882,211 ............8,130,440 ............8,129,907 .......................... ..................317 ............................ .......................... ..........4.860 ..........4.866 MON.. .............32,928 ...........395,048 12/04/2002. 12/25/2032.<br />
759676 AH 2 RESIDENTIAL HOME EQTY LN 06-2................................................ ....... .. .......23 .1FE ..........12,000,000 ........50.913 ............6,109,560 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........6.254 ..........6.254 MON.. .............62,540 ...........750,447 06/06/2006. 08/25/2036.<br />
79549A JJ 9 SAL BROS MTG SECS VII INC 01-C................................................. ....... .. .........2 .1FE ............8,722,613 ........97.138 ............8,166,876 ............8,407,499 ............8,506,166 .......................... ............(41,049) ............................ .......................... ..........6.499 ..........5.956 MON.. .............45,534 ...........546,403 05/22/2002. 10/13/2036.<br />
79548C CU 8 SALOMON BROS COML MTG SECS VII.......................................... ....... .. .........2 .1FE ............9,044,604 ........57.121 ............5,140,890 ............9,000,000 ............9,018,557 .......................... ..............(4,727) ............................ .......................... ..........5.084 ..........5.020 MON.. .............38,130 ...........457,559 09/17/2002. 03/18/2036.<br />
79548C CV 6 SALOMON BROS COML MTG SECS VII.......................................... ....... .. .........2 .1FE ............5,024,715 ........51.913 ............2,595,650 ............5,000,000 ............5,010,305 .......................... ..............(2,620) ............................ .......................... ..........5.163 ..........5.099 MON.. .............21,513 ...........258,150 09/17/2002. 03/18/2036.<br />
79548C BH 8 SALOMON BROS COML MTG 01-C1 A3.......................................... ....... .. .........2 .1FE ..........10,938,050 ........97.804 ..........10,013,693 ..........10,238,532 ..........10,459,772 .......................... ..........(118,100) ............................ .......................... ..........6.428 ..........5.177 MON.. .............54,844 ...........658,133 05/13/2004. 12/18/2035.<br />
79548C BK 1 SALOMON BROS COML MTG 01-C1 C............................................ ....... .. .........2 .1FE ..........15,078,125 ........95.720 ..........13,400,800 ..........14,000,000 ..........14,398,832 .......................... ..........(162,153) ............................ .......................... ..........6.729 ..........5.383 MON.. .............78,505 ...........942,060 05/19/2004. 12/18/2035.<br />
79548K Q6 8 SALOMON BROS MTG SCS VII 99-C1............................................. ....... .. .........2 .1FE ............4,081,173 ........53.538 ............2,676,900 ............5,000,000 ............4,491,142 .......................... .............84,804 ............................ .......................... ..........7.000 ..........9.787 MON.. .............29,167 ...........349,914 09/12/2002. 05/18/2032.<br />
80382S BP 2 SASCO ARC CO/CORP 04-2 A NIM 1............................................... ....... .. .........2 .6FE ...................7,126 ..........0.010 ........................18 ...............178,451 ........................18 ............(11,797) .......................... ............................ .......................... ..........5.500 ..........5.500 MON.. .......................... ..............(1,635) 03/05/2004. 03/27/2034.<br />
80382S AY 4 SASCO ARC CO/CORP 2003-10 CL A.............................................. ....... .. .......23 .6FE ............................. ..........0.010 ........................46 ...............458,894 ........................45 .......................... .......................... ............................ .......................... ..........7.500 ..........7.000 MON.. .......................... ......................3 11/05/2003. 10/27/2033.<br />
80382S BC 1 SASCO ARC CO/CORP 2003-12 CL A.............................................. ....... .. .........2 .6FE ......................386 ..........2.578 ......................919 .................35,649 ......................919 .......................... .......................... ............................ .......................... ..........7.350 ..........7.472 MON.. .......................... .................(164) 12/05/2003. 11/27/2033.<br />
805564 KY 6 SAXON ASSET SECS TR SER 2002-1.............................................. ....... .. .......23 .5FE ...................7,210 ........23.180 .................60,742 ...............262,043 .................33,155 .......................... ...............6,867 ..............228,888 .......................... ..........5.236 ..........6.151 MON.. .......................... .............15,047 06/25/2003. 04/25/2032.<br />
805564 MG 3 SAXON ASSET SECS TR SER 2002-3.............................................. ....... .. .........2 .1FE ............7,562,261 ........65.163 ............4,927,982 ............7,562,546 ............7,562,546 .......................... .......................... ............................ .......................... ..........4.907 ..........4.908 MON.. .............30,925 ...........408,907 10/18/2002. 05/25/2031.<br />
805564 NM 9 SAXON ASSET SECS TR SER 2003-2.............................................. ....... .. .........2 .1FE ............3,999,793 ........93.313 ............3,732,520 ............4,000,000 ............4,000,000 .......................... ....................19 ............................ .......................... ..........3.850 ..........3.851 MON.. .............12,833 ...........153,955 05/14/2003. 06/25/2032.<br />
805564 PY 1 SAXON ASSET SECS 04-2 AF4 HEL................................................ ....... .. .......23 .1FE ..........11,586,910 ........40.629 ............4,726,372 ..........11,633,000 ..........11,615,938 .......................... ...............5,059 ............................ .......................... ..........5.500 ..........5.572 MON.. .............53,318 ...........639,815 07/16/2004. 08/25/2035.<br />
80585B AM 2 SBA CMBS TR 06-1 1B CMB............................................................. ....... .. .........2 .1FE ...............651,320 ........74.820 ...............486,330 ...............650,000 ...............650,802 .......................... .................(251) ............................ .......................... ..........5.451 ..........5.405 MON.. ...............1,575 .............35,235 11/08/2006. 11/15/2036.<br />
81441P CF 6 SECURITY NATL MTG LN TR 2005-1................................................ ....... .. .........2 .1FE ............2,118,290 ........55.565 ............1,177,422 ............2,119,000 ............2,118,592 .......................... ....................69 ............................ .......................... ..........5.720 ..........5.725 MON.. .............10,101 ...........121,207 11/01/2006. 02/25/2035.<br />
81441P CP 4 SECURITY NATL MTG LN 05-2 A3 1................................................. ....... .. .........2 .1FE ............4,010,000 ........93.006 ............3,720,240 ............4,000,000 ............4,006,617 .......................... ..............(1,630) ............................ .......................... ..........6.213 ..........6.160 MON.. ...............4,142 ...........248,520 11/25/2006. 02/25/2036.<br />
81441W AC 0 SECURITY NATL MTG LN 06 3 A3 1................................................. ....... .. .......23 .1FE ............2,999,380 ........50.607 ............1,518,210 ............3,000,000 ............2,999,400 .......................... ....................10 ............................ .......................... ..........6.330 ..........6.332 MON.. .............15,825 ...........189,900 12/21/2006. 01/25/2037.<br />
81441N AC 0 SECURITY NATL MTG LN 06-2 A3 1................................................. ....... .. .........2 .1FE ............4,598,942 ........67.197 ............3,091,062 ............4,600,000 ............4,599,011 .......................... ....................36 ............................ .......................... ..........6.310 ..........6.312 MON.. .............24,188 ...........290,260 09/26/2006. 10/25/2036.<br />
78422X FV 0 SGSP INC (IIG DYNAMIC FD I) LI...................................................... ....... .. .......23 ......3 ..........51,664,500 ......100.000 ..........50,000,000 ..........50,000,000 ..........50,513,247 .......................... ..........(376,180) ............................ .......................... ................... ................... MON.. .......................... .......................... 05/16/2006. 06/10/2011.<br />
82001R AD 9 SHARPS SP I LLC NIM 04-HS1N N................................................... ....... .. .........2 .6FE ............................. ................... ............................. ...............334,653 ............................. .......................... .......................... ............................ .......................... ..........5.920 ..........5.920 MON.. .......................... .......................... 03/02/2004. 02/25/2034.<br />
820018 BA 6 SHARPS SP I LLC NIM 04-5N 144A................................................... ....... .. .........2 .2FE .................36,520 ................... ............................. ...............147,110 .................17,376 .......................... .......................... ............................ .......................... ..........6.410 ..........6.410 MON.. .......................... ...............7,234 09/16/2004. 07/25/2034.<br />
828391 AA 0 SILVERLEAF FINANCE LLC 05-A A.................................................. ....... .. .........2 .1FE ...............157,687 ........99.352 ...............156,671 ...............157,693 ...............157,692 .......................... ......................2 ............................ .......................... ..........4.857 ..........4.858 MON.. ..................638 ...............7,659 07/14/2005. 11/15/2016.<br />
83081X AB 1 SKY FINL SEC CORP IV 2002-A CL.................................................. ....... .. .........2 .1FE ............2,629,557 ........99.177 ............2,547,584 ............2,568,724 ............2,578,572 .......................... ............(15,269) ............................ .......................... ..........6.705 ..........6.274 MON.. ...............7,655 ...........172,233 03/08/2005. 07/16/2018.<br />
830827 AB 7 SKY FINL SECRZTN CORP VII 03-B................................................. ....... .. .........2 .1FE ............3,881,449 ........75.000 ............2,911,086 ............3,881,449 ............3,881,449 .......................... .......................... ............................ .......................... ..........5.151 ..........5.151 MON.. ...............6,109 ...........199,933 11/25/2003. 11/20/2014.<br />
83169W AE 2 SMART HOME REINS 05-2 M6 SYN M............................................. ....... .. .......23 .1FE ............1,005,000 ........51.808 ...............518,080 ............1,000,000 ............1,000,000 .......................... ..............(1,518) ............................ .......................... ..........4.061 ..........4.029 MON.. ..................790 .............45,556 03/01/2006. 11/25/2012.<br />
83169W AQ 5 SMART HOME REINS 05-2A M8A LTD............................................. ....... .. .......23 .2FE ............6,500,000 ........26.073 ............1,694,745 ............6,500,000 ............6,500,000 .......................... .......................... ............................ .......................... ..........6.706 ..........6.707 MON.. ...............8,477 ...........422,356 01/26/2006. 11/25/2012.<br />
844272 AS 3 SOUTHFORK CLO LTD/CORP CL A1B............................................. ....... .. .........2 .1FE ............7,000,000 ........90.189 ............6,313,230 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........4.685 ..........4.685 FMAN. .............55,569 ...........327,950 02/04/2005. 02/01/2017.<br />
84604K AD 1 SOVEREIGN COML MTG SECS TR 200........................................... ....... .. .........2 .1FE ..........11,396,004 ........74.826 ............8,604,990 ..........11,500,000 ..........11,421,558 .......................... .............17,084 ............................ .......................... ..........5.774 ..........5.968 MON.. .............55,334 ...........667,696 06/08/2007. 07/22/2030.<br />
84604K AE 9 SOVEREIGN COML MTG SECS TR 200........................................... ....... .. .........2 .1FE ............5,922,497 ........38.051 ............2,283,060 ............6,000,000 ............5,937,949 .......................... .............10,300 ............................ .......................... ..........5.774 ..........6.013 MON.. .............28,870 ...........348,363 06/08/2007. 07/22/2030.<br />
85846T AA 3 STEINER PROPERTIES L L C SER 1................................................ ....... .. .........2 .1FE ............1,648,479 ........87.313 ............1,431,561 ............1,639,574 ............1,641,624 .......................... ..............(1,260) ............................ .......................... ..........7.482 ..........7.402 MON.. .............10,564 ...........122,506 04/18/1997. 03/31/2012.<br />
86331Y AA 2 STRIPS III LTD/CORP 2003-1 CL....................................................... ....... .. .......23 .1FE ...............904,953 ........85.000 ...............771,522 ...............907,672 ...............907,475 .......................... ..................864 ............................ .......................... ..........3.308 ..........3.369 MON.. ...............2,503 .............30,026 11/06/2003. 03/24/2018.
E10.94<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
80382S AR 9 STRUCT ASSET INV LN TR 2003-BC............................................... ....... .. .........2 .6FE ...................2,571 ..........0.010 ..........................8 .................84,896 ..........................8 .................(906) .......................... ............................ .......................... ..........7.350 ..........7.352 MON.. ....................34 ....................63 06/12/2003. 06/27/2033.<br />
86359B Y7 0 STRUCTURED ASSET SECS CORP 200......................................... ....... .. .......23 .1FE ............6,403,138 ........94.055 ............6,039,068 ............6,420,784 ............6,407,079 .......................... ...............1,283 ............................ .......................... ..........5.230 ..........5.263 MON.. .............27,984 ...........335,356 11/01/2006. 02/25/2035.<br />
88713U AC 0 TIMBERSTAR TR I 2006-1 CL B CM.................................................. ....... .. .........2 .1FE ............7,000,000 ........74.000 ............5,180,000 ............7,000,000 ............7,000,000 .......................... .......................... ............................ .......................... ..........5.746 ..........5.747 MON.. .............33,522 ...........402,269 10/13/2006. 10/15/2036.<br />
88713U AD 8 TIMBERSTAR TR I 2006-1 CL C CM.................................................. ....... .. .........2 .1FE ............5,000,000 ........71.000 ............3,550,000 ............5,000,000 ............5,000,000 .......................... .......................... ............................ .......................... ..........5.884 ..........5.884 MON.. .............24,518 ...........294,210 10/13/2006. 10/15/2036.<br />
88713U AE 6 TIMBERSTAR TR I 2006-1 CL D CM.................................................. ....... .. .........2 .2FE ............6,000,000 ........67.000 ............4,020,000 ............6,000,000 ............6,000,000 .......................... .......................... ............................ .......................... ..........6.208 ..........6.208 MON.. .............31,041 ...........372,492 10/13/2006. 10/15/2036.<br />
88713U AF 3 TIMBERSTAR TR I 2006-1 CL E CM.................................................. ....... .. .........2 .2FE ..........12,000,000 ........63.000 ............7,560,000 ..........12,000,000 ..........12,000,000 .......................... .......................... ............................ .......................... ..........6.502 ..........6.502 MON.. .............65,024 ...........780,288 10/13/2006. 10/15/2036.<br />
893960 AB 0 TRAVELERS FDG LTD/CORP CL A2 S............................................. ....... .. .........2 .1FE .................45,951 ......100.000 .................43,757 .................43,757 .................43,815 .......................... ..............(3,784) ............................ .......................... ..........6.350 ..........5.271 FA...... ...............1,050 ...............2,779 11/20/2003. 02/18/2014.<br />
89655V AA 0 TRINITY RAIL LEASING III LP 20....................................................... ....... .. .......23 .1FE ............5,084,027 ........66.123 ............3,361,711 ............5,084,027 ............5,084,027 .......................... .......................... ............................ .......................... ..........5.640 ..........5.637 MON.. .............15,133 ...........286,256 10/30/2003. 10/12/2026.<br />
921796 MH 8 VANDERBILT MTG FIN 02-B B1 SR.................................................. ....... .. .........2 .2FE ............1,137,913 ........89.926 ............1,053,363 ............1,171,367 ............1,166,877 .......................... ...............7,978 ............................ .......................... ..........5.850 ..........6.309 MON.. ...............5,710 .............68,525 07/16/2004. 04/07/2018.<br />
921796 MS 4 VANDERBILT MTG FIN 02-C B1 SR.................................................. ....... .. .........2 .2FE ...............781,472 ........95.478 ...............696,374 ...............729,356 ...............735,969 .......................... ............(16,938) ............................ .......................... ..........8.320 ..........6.976 MON.. ...............5,057 .............66,289 07/16/2004. 12/07/2016.<br />
921796 MQ 8 VANDERBILT MTG 2002-C A5........................................................... ....... .. .........2 .1FE ............3,940,232 ........96.674 ............3,866,960 ............4,000,000 ............3,963,504 .......................... ...............4,222 ............................ .......................... ..........7.600 ..........7.797 MON.. .............25,333 ...........304,000 02/27/2003. 12/07/2032.<br />
921796 MZ 8 VANDERBILT MTG 2003-A A4........................................................... ....... .. .........2 .1FE ............6,086,926 ........97.373 ............5,842,380 ............6,000,000 ............6,044,372 .......................... ............(14,521) ............................ .......................... ..........6.210 ..........5.906 MON.. .............31,050 ...........372,600 01/03/2006. 05/07/2026.<br />
921796 NA 2 VANDERBILT MTG 2003-A A5........................................................... ....... .. .........2 .1FE ............3,497,766 ........94.930 ............3,322,550 ............3,500,000 ............3,498,594 .......................... ..................120 ............................ .......................... ..........8.000 ..........8.008 MON.. .............23,333 ...........280,000 02/20/2003. 04/07/2033.<br />
926244 AH 7 VICTORIA FALLS CLO LTD/CORP A3.............................................. ....... .. .........2 .1FE ............8,000,000 ........45.000 ............3,600,000 ............8,000,000 ............8,000,000 .......................... .......................... ............................ .......................... ..........4.701 ..........4.701 FMAN. .............47,011 ...........376,088 01/31/2005. 02/17/2017.<br />
926244 AJ 3 VICTORIA FALLS CLO LTD/CORP B2.............................................. ....... .. .........2 .1FE ............1,500,000 ........22.000 ...............330,000 ............1,500,000 ............1,500,000 .......................... .......................... ............................ .......................... ..........5.127 ..........5.127 FMAN. ...............9,613 .............76,905 01/31/2005. 02/17/2017.<br />
929766 AG 8 WACHOVIA BK COML MTG TR SER 20........................................... ....... .. .........2 .1FE ............9,044,920 ........95.791 ............8,621,190 ............9,000,000 ............9,018,119 .......................... ..............(4,839) ............................ .......................... ..........6.630 ..........6.561 MON.. .............49,725 ...........596,700 05/14/2002. 04/15/2034.<br />
929766 MT 7 WACHOVIA BK COML MTG TR 03-C9.............................................. ....... .. .........2 .1FE ............8,847,118 ........92.971 ............8,183,694 ............8,802,416 ............8,817,183 .......................... ..............(7,409) ............................ .......................... ..........4.608 ..........4.525 MON.. .............33,801 ...........405,615 12/11/2003. 12/15/2035.<br />
929766 BS 1 WACHOVIA BK COML MTG TR 144A 2............................................ ....... .. .........2 .2FE .................87,972 ........38.702 .................42,185 ...............109,000 .................98,973 .......................... ...............2,215 ............................ .......................... ..........4.942 ..........7.776 MON.. ..................449 ...............5,387 10/30/2002. 11/15/2034.<br />
929766 BT 9 WACHOVIA BK COML MTG TR 144A 2............................................ ....... .. .........2 .3FE ............1,103,242 ........30.094 ...............422,520 ............1,404,000 ............1,257,087 .......................... .............32,129 ............................ .......................... ..........4.942 ..........8.190 MON.. ...............5,782 .............69,386 10/30/2002. 11/15/2034.<br />
929766 AF 0 WACHOVIA BK COML MTG TR 2002-C............................................ ....... .. .........2 .1FE ..........10,805,392 ........95.566 ..........10,275,256 ..........10,752,000 ..........10,773,489 .......................... ..............(5,748) ............................ .......................... ..........6.551 ..........6.483 MON.. .............58,697 ...........704,364 05/14/2002. 04/15/2034.<br />
929766 BK 8 WACHOVIA BK COML MTG TR 2002-C............................................ ....... .. .........2 .1FE ..........12,310,543 ........90.227 ..........11,052,808 ..........12,250,000 ..........12,276,596 .......................... ..............(6,277) ............................ .......................... ..........5.126 ..........5.062 MON.. .............52,328 ...........627,935 10/30/2002. 11/15/2034.<br />
929766 BM 4 WACHOVIA BK COML MTG TR 2002-C............................................ ....... .. .........2 .1FE ..........12,310,366 ........90.553 ..........11,092,743 ..........12,250,000 ..........12,276,624 .......................... ..............(6,261) ............................ .......................... ..........5.274 ..........5.210 MON.. .............53,839 ...........646,065 10/30/2002. 11/15/2034.<br />
929766 JD 6 WACHOVIA BK COML MTG TR 2003-C............................................ ....... .. .........2 .1FE ..........22,109,264 ........93.905 ..........20,659,100 ..........22,000,000 ..........22,033,711 .......................... ............(15,688) ............................ .......................... ..........4.957 ..........4.876 MON.. .............90,878 ........1,090,539 08/18/2003. 08/15/2035.<br />
929766 Y4 9 WACHOVIA BK COML MTG 05-C19 E.............................................. ....... .. .......23 .1FE ............6,611,916 ........26.065 ............1,862,344 ............7,145,000 ............6,728,808 .......................... .............51,190 ............................ .......................... ..........5.109 ..........6.212 MON.. .............30,420 ...........365,038 06/21/2006. 05/15/2044.<br />
92978M AB 2 WACHOVIA BK COML MTG 06 C28 A2............................................. ....... .. .........2 .1FE .................49,680 ........82.865 .................41,433 .................50,000 .................49,783 .......................... ....................73 ............................ .......................... ..........5.500 ..........5.676 MON.. ..................229 ...............2,750 07/26/2007. 10/15/2048.<br />
93364L AD 0 WAMU COML MTG SECS 07 SL3 AJ V............................................. ....... .. .......23 .1FE ............4,773,726 ........25.000 ............1,198,000 ............4,792,000 ............4,774,319 .......................... ..................421 ............................ .......................... ..........6.137 ..........6.168 MON.. .............24,507 ...........298,259 06/22/2007. 03/23/2045.<br />
92922F KU 1 WAMU MTG PSTHR 03-AR12 A6 VAR.............................................. ....... .. .......23 .1FE ............................. ......100.000 ............................. ............................. ............................. .......................... .......................... ............................ .......................... ..........3.961 ................... MON.. ...............9,242 .......................... 03/12/2004. 02/25/2034.<br />
94980G AF 8 WELLS FARGO HOME EQ ABS 2004-2............................................ ....... .. .........2 .1FE ............7,998,260 ........94.964 ............7,597,120 ............8,000,000 ............7,999,476 .......................... ..................214 ............................ .......................... ..........4.890 ..........4.894 MON.. .............32,600 ...........391,200 08/27/2004. 09/25/2028.<br />
94980G AJ 0 WELLS FARGO HOME EQ ABS 2004-2............................................ ....... .. .........2 .1FE ..........13,113,431 ........56.401 ............8,460,150 ..........15,000,000 ..........13,469,684 .......................... .............81,628 ............................ .......................... ..........5.000 ..........6.278 MON.. .............62,500 ...........750,000 08/27/2004. 09/01/2034.<br />
94981V AL 1 WELLS FARGO MBS 2004K 2A6 VAR.............................................. ....... .. .......23 .1FE ..........13,203,750 ........65.698 ............9,197,720 ..........14,000,000 ..........13,280,669 .......................... .............18,126 ............................ .......................... ..........4.733 ..........5.146 MON.. .............55,221 ...........662,083 06/08/2004. 07/25/2034.<br />
98156T AD 4 WORLD OMNI AUTO REC TR 08-A A3............................................. ....... .. .........2 .1FE .................29,996 ........95.192 .................28,558 .................30,000 .................29,997 .......................... ......................1 ............................ .......................... ..........3.940 ..........3.944 MON.. ....................53 ..................870 03/12/2008. 10/15/2012.<br />
682439 AL 8 1166 AVE AMERS COML MTG 05-C6............................................... ....... .. .........2 .1FE ............2,455,329 ........32.000 ...............800,000 ............2,500,000 ............2,457,715 .......................... ..................788 ............................ .......................... ..........5.689 ..........5.821 MON.. ...............7,902 ...........142,240 10/25/2005. 10/13/2037.<br />
682439 AQ 7 1166 AVE AMERS COML MTG 05-C6............................................... ....... .. .........2 .2FE ............3,409,243 ........25.000 ...............927,500 ............3,710,000 ............3,423,597 .......................... ...............4,747 ............................ .......................... ..........5.689 ..........6.309 MON.. .............11,727 ...........211,084 10/25/2005. 10/13/2037.<br />
88576P AB 9 321 HENDERSON RECEIVABLES I LL............................................. ....... .. .........2 .1FE ............5,583,622 ........55.000 ............3,100,690 ............5,637,619 ............5,603,694 .......................... ...............7,771 ............................ .......................... ..........4.855 ..........5.017 MON.. .............12,165 ...........273,706 11/15/2006. 11/15/2033.<br />
4399999. Industrial & Miscellaneous - Defined Multi-Class Commercial Mtg.-Backed Securities........................... .....3,295,468,702 ....XXX....... .....2,292,767,434 .....3,425,274,567 .....3,281,974,320 ..........(852,391) .......(1,370,959) .........60,715,985 ......................0 ....XXX....... ....XXX....... .XXX... ......15,967,261 ....179,504,279 .....XXX....... .....XXX.......<br />
Industrial & Miscellaneous (Unaffiliated) - Other Multi-Class Commercial Mortgage-Backed/Asset-Backed Securities<br />
00253C HT 7 AAMES MTG TR 2002-1 CL M2 ABS................................................. ....... .. .........2 .3FE ...............896,631 ........16.276 ...............145,936 ...............896,631 ...............896,631 .......................... .......................... ............................ .......................... ..........7.317 ..........7.317 MON.. ...............5,467 .............54,264 03/14/2002. 06/25/2032.<br />
00086Y BM 3 ACLC BUSN LN RECV 144A 02-1 A2................................................ ....... .. .........2 .1FE ...............995,118 ........88.304 ...............878,856 ...............995,262 ...............995,113 .......................... ....................12 ............................ .......................... ..........7.462 ..........7.463 MON.. ...............3,301 .............76,569 04/19/2002. 12/15/2022.<br />
045424 BE 7 ASSET SECURITIZATION CORP 1995............................................. ....... .. .....234 ......1 ............................. ........18.451 ...............457,752 ............................. ...............448,769 .......................... ..........(238,381) ............................ .......................... ..........8.383 ........33.635 MON.. .......................... .............63,327 01/01/1998. 08/13/2029.<br />
045424 CZ 9 ASSET SECURITIZATION CORP 1996............................................. ....... .. .....234 .1FE ............................. ..........0.957 .................37,840 ............................. .................38,232 .......................... ............(13,704) ............................ .......................... ..........0.490 ........47.641 MON.. .......................... .............19,061 01/01/1998. 11/13/2029.<br />
05947U BR 8 BANC AMERICA COMM MTG SER 2001.......................................... ....... .. .........2 .1FE ............4,020,000 ........97.887 ............3,915,480 ............4,000,000 ............4,005,850 .......................... ..............(2,325) ............................ .......................... ..........6.851 ..........6.781 MON.. .............22,837 ...........274,040 06/12/2001. 04/15/2036.<br />
07383F EK 0 BEAR STEARNS COMM MTG SECS 200......................................... ....... .. .........2 .1FE ............9,039,393 ........84.517 ............7,606,530 ............9,000,000 ............9,008,438 .......................... ..............(4,834) ............................ .......................... ..........7.460 ..........7.397 MON.. .............55,950 ...........671,400 09/27/2000. 10/15/2032.<br />
07383F AD 0 BEAR STEARNS COMM MTG SECS 98-.......................................... ....... .. .........2 .1FE ..........10,061,327 ........94.845 ............9,958,725 ..........10,500,000 ..........10,312,119 .......................... .............38,945 ............................ .......................... ..........6.750 ..........7.266 MON.. .............59,063 ...........708,750 05/28/2002. 06/16/2030.<br />
131700 AJ 5 CALWEST INTL TR 2002-CALW CL C............................................... ....... .. .........2 .1FE ............5,000,063 ......103.263 ............5,163,150 ............5,000,000 ............5,000,034 .......................... ......................2 ............................ .......................... ..........6.370 ..........6.370 MON.. .............14,156 ...........318,500 02/15/2002. 02/15/2017.<br />
161505 GS 5 CHASE COMM MTG SECS CORP 2000-.......................................... ....... .. .......23 .1FE ............3,748,316 ........85.169 ............3,193,838 ............3,750,000 ............3,750,000 .......................... .......................... ............................ .......................... ..........7.910 ..........7.919 MON.. .............24,721 ...........302,310 09/22/2000. 10/15/2032.<br />
204012 AD 0 COMMUNITY PROGRAM LOAN TRUST........................................... ....... .. .........2 .1FE ............3,091,777 ......100.185 ............4,254,639 ............4,246,783 ............4,246,783 .......................... .......................... ............................ .......................... ..........4.500 ..........4.500 AO...... .............47,776 ...........191,105 08/29/1995. 10/01/2018.<br />
22540A SQ 2 CS FIRST BOSTON MTG SECS CORP............................................ ....... .. .......23 .1FE ............3,516,518 ......100.744 ............3,526,040 ............3,500,000 ............3,505,593 .......................... ..............(3,360) ............................ .......................... ..........7.805 ..........7.756 MON.. .............15,178 ...........275,950 07/27/2000. 04/15/2062.<br />
22540A 3C 0 CS FIRST BOSTON MTG SER01-CK3.............................................. ....... .. .........2 .1FE ............5,015,079 ........88.527 ............3,983,715 ............4,500,000 ............4,693,010 .......................... ............(79,171) ............................ .......................... ..........6.860 ..........4.846 MON.. .............25,725 ...........308,700 11/01/2006. 06/15/2034.<br />
22540A 5L 8 CSFB MTG SECS CORP 2001 SPG1 C............................................ ....... .. .........2 .1FE ............9,043,399 ........71.144 ............6,402,960 ............9,000,000 ............9,014,731 .......................... ..............(5,044) ............................ .......................... ..........6.809 ..........6.740 MON.. .............51,067 ...........612,810 08/09/2001. 08/13/2018.<br />
126624 AC 9 CVRD FIN LTD 144A NTS.................................................................. ....... F ........... .2FE ............6,320,152 ......102.545 ............6,481,000 ............6,320,152 ............6,320,152 .......................... .......................... ............................ .......................... ..........8.926 ..........8.926 JAJO.. ...........119,096 ...........564,137 09/29/2000. 10/15/2010.<br />
30605A AC 7 FALCON AUTO DEALERSHIP LLC 200............................................ ....... .. .........2 .1FE ..........30,293,937 ........40.000 ..........12,000,000 ..........30,000,000 ..........30,129,075 .......................... ............(35,122) ............................ .......................... ..........7.117 ..........6.985 MON.. ...........177,925 ........2,135,099 11/29/2001. 01/05/2023.<br />
33736X BA 6 FIRST UNION BK COMM MTG 2000-C............................................. ....... .. .........2 .1FE ............3,651,312 ......100.039 ............3,506,367 ............3,505,000 ............3,539,426 .......................... ............(18,841) ............................ .......................... ..........7.428 ..........6.804 MON.. .............21,696 ...........260,352 05/30/2002. 10/15/2032.<br />
337366 AD 0 FIRST UNION CHASE COMM MTG SER.......................................... ....... .. .........2 .1FE ............5,074,720 ........99.556 ............4,977,800 ............5,000,000 ............5,002,582 .......................... ..............(9,806) ............................ .......................... ..........6.795 ..........6.588 MON.. .............28,313 ...........339,750 05/12/1999. 06/15/2031.
E10.95<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
33735P AK 3 FIRST UNION COM MTG TRUST SER.............................................. ....... .. .......23 .1FE ..........12,427,220 ........96.017 ..........12,482,210 ..........13,000,000 ..........12,733,704 .......................... ............(48,709) ............................ .......................... ..........6.959 ..........7.473 MON.. .............75,399 ...........919,591 01/22/1999. 10/15/2035.<br />
302471 AC 1 FMAC LOAN REC TRUST 1996-B CL............................................... ....... .. .....234 .6FE ...............965,840 ..........0.250 .................21,664 ............................. ............................. .............37,175 ..........(136,975) ............................ .......................... ..........2.959 ..........8.367 MON.. .......................... ...........220,954 01/01/1998. 12/31/2020.<br />
345538 AC 6 FOREST CITY COMM MTG SER 94-1.............................................. ....... .. .........2 .1FE ............1,186,645 ........81.250 ...............780,975 ...............961,200 ...............960,071 .......................... ..................562 ............................ .......................... ..........7.280 ..........7.343 MON.. ...............5,831 .............69,975 02/18/1994. 01/15/2013.<br />
350910 AB 1 FOUR TIMES SQUARE TR SER 2000-.............................................. ....... .. .........2 .1FE ..........13,218,994 ......103.862 ..........12,619,233 ..........12,150,000 ..........12,363,880 .......................... ..........(154,291) ............................ .......................... ..........7.795 ..........6.369 MON.. .............44,724 ...........947,092 05/10/2002. 04/15/2015.<br />
361849 KU 5 GMAC COMML MTG SEC INC 2000-C1............................................ ....... .. .......23 .2FE ............2,819,256 ........78.206 ............2,346,180 ............3,000,000 ............2,964,267 .......................... .............30,068 ............................ .......................... ..........7.000 ..........8.144 MON.. .............17,500 ...........210,000 08/08/2002. 03/15/2033.<br />
36228C LJ 0 GS MTG SECS CORP II SER 01-128................................................ ....... .. .........2 .1FE ............5,602,383 ........97.472 ............5,360,960 ............5,500,000 ............5,537,323 .......................... ............(13,064) ............................ .......................... ..........6.751 ..........6.463 MON.. .............20,628 ...........371,305 06/25/2003. 08/15/2018.<br />
44108P AR 4 HOST MARRIOTT POOL TR SER 99HM........................................... ....... .. .........2 .1FE ............1,000,002 ......102.055 ............1,020,550 ............1,000,000 ............1,000,000 .......................... .......................... ............................ .......................... ..........7.730 ..........7.730 MON.. ...............6,442 .............77,300 08/04/1999. 08/03/2015.<br />
617059 HD 5 JP MORGAN COMM MTG FIN CORP 20.......................................... ....... .. .......23 .1FE ............7,878,156 ........91.617 ............7,329,360 ............8,000,000 ............8,000,000 .......................... ...............8,261 ............................ .......................... ..........8.222 ..........8.222 MON.. .............54,814 ...........647,643 01/14/2000. 10/15/2032.<br />
46625M NV 7 JPMORG CH COML MTG 02 CIBC5 CL............................................ ....... .. .........2 .1FE ..........10,049,990 ........91.206 ............9,120,600 ..........10,000,000 ..........10,022,118 .......................... ..............(5,178) ............................ .......................... ..........5.456 ..........5.391 MON.. .............45,467 ...........545,600 10/25/2002. 10/12/2037.<br />
61746W FN 5 M S DEAN WIT CAP I 2001-TOP1 C.................................................. ....... .. .........2 .1FE ............3,582,864 ........70.499 ............2,513,289 ............3,565,000 ............3,570,063 .......................... ..............(2,174) ............................ .......................... ..........7.190 ..........7.116 MON.. .............21,360 ...........256,323 02/15/2001. 02/15/2033.<br />
589929 UF 3 MERRILL LYNCH (MLMI) 1999-C1..................................................... ....... .. .........2 .1FE ............1,990,000 ......100.050 ............2,001,000 ............2,000,000 ............1,999,046 .......................... ...............1,334 ............................ .......................... ..........7.850 ..........7.923 MON.. .............13,083 ...........157,000 10/27/1999. 11/15/2031.<br />
61746W HH 6 MGN STANLEY DW CAP I 2001-TOP3.............................................. ....... .. .........2 .1FE ............6,303,319 ........60.340 ............3,785,128 ............6,273,000 ............6,286,945 .......................... ..............(2,938) ............................ .......................... ..........6.790 ..........6.726 MON.. .............35,495 ...........425,936 07/20/2001. 07/15/2033.<br />
589929 LR 7 MLMI SER 1996-C1 CL IO 144A P.................................................... ....... .. .....234 .1FE ............................. ..........1.256 .................28,609 ............................. ........................25 .......................... .......................... ............................ .......................... ..........0.669 ..........6.608 MON.. .......................... .......................... 01/01/1998. 04/25/2028.<br />
589929 MK 1 MLMI SER 1996-C2 CLASS IO PST.................................................. ....... .. .....234 .1FE ...............119,613 ..........4.629 .................58,658 ............................. ...............114,613 .......................... .......................... ............................ .......................... ..........2.265 ........11.226 MON.. .......................... .............30,212 01/01/1998. 11/21/2028.<br />
589929 UK 2 MLMI SER 99-C1 CL X-IO CMBS....................................................... ....... .. .....234 .1FE ...............756,350 ..........0.290 ...............299,251 ............................. ........................75 .......................... ....................50 ............................ .......................... ..........0.477 ..........8.906 MON.. .......................... .......................... 10/27/1999. 11/15/2031.<br />
61745M JV 6 MORGAN STANLEY CAP 1 98-HF2 CL............................................. ....... .. .........2 .1FE ............1,860,156 ........99.695 ............1,993,900 ............2,000,000 ............2,000,000 .......................... .............15,354 ............................ .......................... ..........7.362 ..........7.362 MON.. .............12,270 ...........141,930 05/11/2001. 11/15/2030.<br />
61745M NS 8 MORGAN STANLEY CAPITAL I SER 9............................................. ....... .. .......23 .1FE ............5,989,296 ........99.657 ............5,979,420 ............6,000,000 ............6,000,000 .......................... ...............1,617 ............................ .......................... ..........7.378 ..........7.405 MON.. .............36,894 ...........437,934 07/28/1999. 04/15/2033.<br />
61745M NT 6 MORGAN STANLEY 1999-LIFE1 CLAS............................................. ....... .. .......23 .1FE ............2,953,477 ........99.657 ............2,989,710 ............3,000,000 ............3,000,000 .......................... ...............9,684 ............................ .......................... ..........7.378 ..........7.379 MON.. .............18,447 ...........218,967 12/07/1999. 04/15/2033.<br />
616912 AA 9 MORGANBERRY CORPORATION CL A B....................................... ....... .. ........... .1FE ............6,685,615 ......111.053 ............7,424,576 ............6,685,615 ............6,685,615 .......................... .......................... ............................ .......................... ..........7.802 ..........7.802 MS..... ...........131,852 ...........521,610 09/05/1996. 03/31/2019.<br />
61746W JM 3 MRG STN DN WITTER CP I TR01-IQ................................................ ....... .. .........2 .1FE ............8,798,399 ........97.187 ............8,471,791 ............8,717,000 ............8,738,829 .......................... ..............(9,939) ............................ .......................... ..........6.260 ..........6.127 MON.. .............45,474 ...........545,684 10/17/2001. 12/18/2032.<br />
61746W JN 1 MRG STN DN WITTER CP I TR01-IQ................................................ ....... .. .........2 .1FE ............2,371,440 ........97.408 ............2,287,140 ............2,348,000 ............2,354,308 .......................... ..............(2,867) ............................ .......................... ..........6.380 ..........6.237 MON.. .............12,484 ...........149,802 10/17/2001. 12/18/2032.<br />
61746W QH 6 MRGN STN D WITTER CP I TR 02 I.................................................. ....... .. .........2 .1FE ............6,028,698 ........93.050 ............5,583,000 ............6,000,000 ............6,012,243 .......................... ..............(3,241) ............................ .......................... ..........6.120 ..........6.057 MON.. .............30,600 ...........367,064 06/19/2002. 12/15/2035.<br />
61746W QJ 2 MRGN STNLY DN WITR 02 IQ2 CL D................................................ ....... .. .........2 .1FE ............3,803,999 ........89.936 ............3,404,977 ............3,786,000 ............3,795,299 .......................... ..............(1,749) ............................ .......................... ..........6.230 ..........6.172 MON.. .............19,656 ...........235,781 06/19/2002. 12/15/2035.<br />
62825R AA 1 MUTUAL FUND FEE TR X 1999-3 AB............................................... ....... .. .........2 ......6 ...............812,149 ................... ............................. ............2,048,489 ............................. .......................... .......................... ............................ .......................... ..........8.670 ........77.786 MON.. .......................... .......................... 11/04/1999. 08/31/2009.<br />
627914 AA 2 MUTUAL FUND FEE TR XI SER 2000............................................... ....... .. .........2 ....5Z ...............217,298 ..........2.800 .................63,202 ............2,257,200 ........................50 .......................... .......................... ............................ .......................... ..........9.060 ........34.707 MON.. .......................... .......................... 03/02/2000. 01/01/2008.<br />
62826W AA 9 MUTUAL FUND FEE TRUST IX SER 9.............................................. ....... .. .........2 .....6* ...............783,876 ................... ............................. ............2,434,475 ............................. ............(21,362) .......................... ............................ .......................... ..........8.280 ........37.842 MON.. .......................... .......................... 08/05/1999. 05/01/2007.<br />
62827A AA 6 MUTUAL FUND FEE TRUST VII ASSE............................................. ....... .. .........2 .....6* ...............152,246 ................... ............................. ...............403,756 ............................. .......................... .......................... ............................ .......................... ..........7.070 ........70.611 MON.. .......................... .......................... 08/04/1998. 05/01/2006.<br />
63859C DU 4 NATIONSLINK FUNDING CORP SER 9............................................ ....... .. .......23 .1FE ............1,724,765 ........99.026 ............1,942,316 ............1,961,420 ............1,697,001 .......................... .............72,801 ............................ .......................... ..........7.146 ........15.762 MON.. .............11,681 ...........142,951 11/10/1999. 06/20/2031.<br />
706448 AR 8 PEMEX FIN LTD NOTES.................................................................... ....... .. ........... .1FE ............1,809,929 ......103.891 ............1,828,474 ............1,759,992 ............1,758,866 .......................... ...............1,080 ............................ .......................... ..........8.875 ..........8.944 FMAN. .............19,959 ...........156,200 02/18/1999. 11/15/2010.<br />
706448 BK 2 PEMEX FIN LTD SER 2000-1 CL A1.................................................. ....... .. ........... .1FE ............5,653,296 ......102.050 ............5,510,700 ............5,400,000 ............5,400,000 .......................... ..............(3,812) ............................ .......................... ..........9.030 ..........9.033 FMAN. .............62,307 ...........487,620 02/03/2000. 02/15/2011.<br />
72345L AA 4 PINNACLE CBO LTD 144A SR SECD............................................... ....... .. .........2 .4FE .................69,123 ........80.000 .................63,944 .................79,930 .................79,930 .......................... .......................... ............................ .......................... ..........6.850 ..........6.850 MN..... ..................517 ...............5,582 04/15/1998. 11/27/2009.<br />
74436J DU 8 PRU SECS SECD FING CORP 98-C1............................................... ....... .. .......23 .1FE ............2,326,855 ........97.617 ............2,440,425 ............2,500,000 ............2,396,704 .......................... ..............(2,047) ............................ .......................... ..........6.885 ..........7.874 MON.. .............14,345 ...........171,626 08/27/2002. 02/15/2013.<br />
74681@ AA 7 PUTNAM LOVELL FIN TR 1999-1 CL................................................ ....... .. .........2 .....6* ...............831,169 ................... ............................. ............3,420,737 ............................. .......................... .......................... ............................ .......................... ..........6.990 ........50.408 MON.. ....................25 .......................... 04/01/2008. 03/31/2009.<br />
829192 BD 4 SIMSBURY CLO CORP CL A 144A CO............................................. ....... .. .......23 ....4Z ............2,022,568 ........72.375 ............6,119,684 ............8,455,522 ........................67 .......................... .......................... ............................ .......................... ..........7.157 ..........7.158 MS..... .......................... .......................... 08/25/1999. 09/24/2011.<br />
97181# EW 9 WILMINGTON TR/PLT FIN TR 198-1................................................. ....... .. .........2 .....6* ........................20 ................... ............................. ............1,099,999 ............................. .......................... .......................... ............................ .......................... ..........7.230 ........65.027 MON.. .......................... .......................... 04/27/1998. 05/31/2006.<br />
97181# EV 1 WILMINGTON TR/PLT FIN TR 98-1................................................... ....... .. .........2 .....6* ...............121,412 ................... ............................. ...............912,881 ............................. .......................... .......................... ............................ .......................... ..........6.740 ........46.717 MON.. .......................... .......................... 04/27/1998. 05/31/2006.<br />
68242A AD 4 1211 FINANCE CORP 2000-1211 CL................................................. ....... .. .........2 .1FE ............2,527,864 ......102.406 ............2,560,150 ............2,500,000 ............2,520,148 .......................... ............(15,130) ............................ .......................... ..........7.745 ..........7.051 MON.. .............10,757 ...........193,625 11/11/2006. 04/11/2035.<br />
4499999. Industrial & Misc. - Other Multi-Class Comm. Mtg.-Backed/Asset Backed Sec....................................... ........225,212,024 ....XXX....... ........194,921,704 ........239,434,044 ........218,897,728 .............15,813 ..........(632,932) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,440,282 ......15,831,431 .....XXX....... .....XXX.......<br />
4599999. Total - Industrial & Miscellaneous (Unaffiliated)........................................................................................ ...32,820,426,533 ....XXX....... ...28,330,243,872 ...33,342,416,655 ...32,594,632,318 .....(56,176,370) .....(13,879,922) .......463,207,341 .....(22,351,045) ....XXX....... ....XXX....... .XXX... ....449,097,410 .1,931,534,213 .....XXX....... .....XXX.......<br />
Credit Tenant Loans - Issuer Obligations<br />
92707# AA 7 BDRE HUNTINGTON FKA VILLAGE DE........................................... ....... .. ........... ......1 ............1,419,461 ......108.133 ............1,534,906 ............1,419,461 ............1,419,461 .......................... .......................... ............................ .......................... ..........7.880 ..........7.880 MON.. ...............9,321 ...........111,855 05/30/1997. 07/01/2018.<br />
08764# AA 3 BETSY LLC WALGREEN GTD CTL................................................... ....... .. ........... ......1 ............1,233,018 ......107.813 ............1,284,327 ............1,191,254 ............1,199,637 .......................... ..............(2,230) ............................ .......................... ..........7.750 ..........7.540 MON.. ...............6,668 .............92,322 08/23/1995. 07/05/2015.<br />
09690@ AA 2 BODDIE MIDLOTHIAN LLC 6.83% CT............................................... ....... .. ........... ......1 ............3,537,476 ........99.521 ............3,520,531 ............3,537,476 ............3,537,476 .......................... .......................... ............................ .......................... ..........6.730 ..........6.730 MON.. .............19,839 ...........238,072 11/20/2002. 08/01/2027.<br />
15889# AA 8 CHANDLER GFP LLC 5.72% CTL (CV............................................... ....... .. ........... ......2 ............2,584,554 ........84.140 ............2,174,644 ............2,584,554 ............2,584,554 .......................... .......................... ............................ .......................... ..........5.620 ..........5.620 MON.. ...............8,473 ...........145,252 08/23/2004. 09/10/2029.<br />
36129# AA 4 G & R DEV LLC (WALGREEN) 6.38%............................................... ....... .. ........... ......1 ............3,397,129 ........95.931 ............3,258,900 ............3,397,129 ............3,397,129 .......................... .......................... ............................ .......................... ..........6.280 ..........6.280 MON.. .............17,778 ...........213,340 06/10/2003. 06/01/2028.<br />
36130@ AA 3 G & R PARTNERS LLC(WALGREEN) 6............................................ ....... .. ........... ......1 ............3,098,319 ........93.057 ............2,883,203 ............3,098,319 ............3,098,319 .......................... .......................... ............................ .......................... ..........5.990 ..........5.990 MON.. .............15,466 ...........185,589 05/20/2004. 05/01/2029.<br />
39812# AA 0 GREYSTONE GRP SOLON LTD -WALGR........................................ ....... .. ........... ......1 ............4,390,460 ........93.759 ............4,116,451 ............4,390,460 ............4,390,460 .......................... .......................... ............................ .......................... ..........5.970 ..........5.970 MON.. .............15,290 ...........262,110 09/10/2003. 02/10/2028.<br />
43014* AA 2 HIGHLAND HOUSE APTS LLC 6.62%............................................... ....... .. ........... ......1 ............3,613,092 ........97.877 ............3,536,386 ............3,613,092 ............3,613,092 .......................... .......................... ............................ .......................... ..........6.520 ..........6.520 MON.. .............19,631 ...........235,573 01/22/2003. 12/01/2027.<br />
43460# AA 7 HOGAN REAL ESTATE (WALGREEN) 6........................................... ....... .. ........... ......1 ............2,775,913 ........94.550 ............2,624,625 ............2,775,913 ............2,775,913 .......................... .......................... ............................ .......................... ..........6.170 ..........6.170 MON.. .............14,273 ...........171,274 03/01/2004. 01/01/2029.<br />
44702@ AA 5 HUNTSVILLE 3S LLC 6.77% CTL(WA............................................... ....... .. ........... ......1 ............2,255,833 ........99.147 ............2,236,591 ............2,255,833 ............2,255,833 .......................... .......................... ............................ .......................... ..........6.670 ..........6.670 MON.. .............12,539 ...........150,464 02/21/2003. 05/01/2027.<br />
46656# AA 4 JACK STEARNS (WALGREEN) 6.32%.............................................. ....... .. ........... ......1 ............3,141,418 ........95.733 ............3,007,374 ............3,141,418 ............3,141,418 .......................... .......................... ............................ .......................... ..........6.220 ..........6.220 MON.. .............16,283 ...........195,396 08/25/2003. 10/01/2027.<br />
52465# AM 7 LEGG MASON MTG CAP TR RAYTHEON........................................ ....... .. ........... ......2 ...............810,046 ......101.102 ...............707,939 ...............700,222 ...............700,075 .......................... ...............7,353 ............................ .......................... ..........6.225 ..........6.790 JJ....... .............20,706 .............43,592 09/19/1999. 01/10/2009.<br />
52465# AA 3 LEGG MASON MTG CAP TR RITE AID............................................. ....... .. ........... ......4 ............1,839,216 ........71.603 ............1,316,933 ............1,839,216 ............1,839,216 .......................... .......................... ............................ .......................... ..........7.300 ..........7.300 MON.. ...............7,832 ...........134,289 05/06/1997. 03/10/2019.<br />
52465# AC 9 LEGG MASON MTG CAP TR RITE AID............................................. ....... .. ........... ......4 ............2,227,804 ........61.006 ............1,408,104 ............2,308,141 ............2,254,074 .......................... ...............5,428 ............................ .......................... ..........6.551 ..........6.920 MON.. ...............8,821 ...........151,218 06/26/1998. 03/10/2020.
E10.96<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 1<br />
Showing all Long-Term BONDS Owned December 31 of Current Year<br />
1 2 Codes 6 7 Fair Value 10 11 Change in Book/Adjusted Carrying Value Interest Dates<br />
3 4 5 8 9 12 13 14 15 16 17 18 19 20 21 22<br />
F<br />
o Rate Current<br />
r Used Year's Total<br />
e to Unrealized Current Other Than Foreign Admitted Amount<br />
i NAIC Obtain Valuation Year's Temporary Exchange Effective Amount Received<br />
CUSIP g Bond Desig- Fair Fair Book/Adjusted Increase/ (Amortization)/ Impairment Change in Rate Rate When Due and During<br />
Identification Description Code n CHAR nation Actual Cost Value Value Par Value Carrying Value (Decrease) Accretion Recognized B./A.C.V. of of Paid Accrued Year Acquired Maturity<br />
52465# AF 2 LEGG MASON MTG CAP TR RITE AID............................................. ....... .. ........... ......4 ..........14,204,223 ........60.453 ..........10,113,810 ..........16,730,038 ..........14,512,084 .......................... ...........170,326 ............................ .......................... ..........7.130 ..........8.822 MON.. .............69,583 ........1,192,863 12/30/1998. 01/10/2021.<br />
52465# AH 8 LEGG MASON MTG CAP TR 99-CTL-2............................................. ....... .. ........... ......4 ..........11,260,569 ........60.686 ............8,049,222 ..........13,263,721 ..........11,505,154 .......................... ...........137,445 ............................ .......................... ..........7.110 ..........8.813 MON.. .............55,011 ...........943,048 02/26/1999. 03/10/2021.<br />
53028* AA 5 LIBERTY BOILING SPRINGS LLC(WA.............................................. ....... .. ........... ......1 ............2,549,498 ........98.692 ............2,516,150 ............2,549,498 ............2,549,498 .......................... .......................... ............................ .......................... ..........6.710 ..........6.710 MON.. ...............9,979 ...........171,071 12/23/2003. 12/10/2028.<br />
53154# AA 7 LIBERTY-US 125 LLC (WALGREEN)................................................. ....... .. ........... ......1 ............2,913,712 ........98.692 ............2,875,601 ............2,913,712 ............2,913,712 .......................... .......................... ............................ .......................... ..........6.710 ..........6.710 MON.. .............11,405 ...........195,510 12/23/2003. 12/10/2028.<br />
56032# AA 8 MAIN-BLAINE LLC (WALGREEN)6.79............................................... ....... .. ........... ......1 ............2,338,418 ........99.015 ............2,315,384 ............2,338,418 ............2,338,418 .......................... .......................... ............................ .......................... ..........6.690 ..........6.690 MON.. .............11,298 ...........156,440 06/26/2003. 06/05/2028.<br />
55359# AA 5 MRED HWY12/HWY13 6.85% CTL NT.............................................. ....... .. ........... ......1 ............2,543,382 ........99.665 ............2,534,861 ............2,543,382 ............2,543,382 .......................... .......................... ............................ .......................... ..........6.750 ..........6.750 MON.. .............12,399 ...........171,678 11/07/2002. 08/05/2027.<br />
74915# AA 3 R&L SHERWOOD 5.72% CTL NT (KOH............................................ ....... .. ........... ......2 ............5,048,703 ........79.551 ............4,016,294 ............5,048,703 ............5,048,703 .......................... .......................... ............................ .......................... ..........5.636 ..........5.637 MON.. .............16,600 ...........284,570 04/28/2004. 01/10/2024.<br />
78347@ AA 4 RUTTENBERG FAMILY (WALGREEN) 6.......................................... ....... .. ........... ......1 ............2,927,962 ........98.358 ............2,879,885 ............2,927,962 ............2,927,962 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 MON.. .............16,104 ...........193,245 07/30/2003. 05/01/2028.<br />
78405# AA 1 SBM DIXIE LLC (WALGREEN) 5.60%............................................... ....... .. ........... ......1 ............3,400,898 ........89.181 ............3,032,955 ............3,400,898 ............3,400,898 .......................... .......................... ............................ .......................... ..........5.500 ..........5.500 MON.. .............10,911 ...........187,049 09/20/2004. 09/10/2029.<br />
78487# AA 2 SWA/WHEAT RIDGE LLC (WALGREEN).......................................... ....... .. ........... ......1 ............2,400,967 ........98.541 ............2,365,937 ............2,400,967 ............2,400,967 .......................... .......................... ............................ .......................... ..........6.600 ..........6.600 MON.. .............13,205 ...........158,464 04/16/2003. 09/01/2027.<br />
94868# AA 8 WEIN ALABAMA LLC(WALGREEN) 6.6............................................ ....... .. ........... ......1 ............2,686,509 ........98.305 ............2,640,973 ............2,686,509 ............2,686,509 .......................... .......................... ............................ .......................... ..........6.590 ..........6.590 MON.. .............14,753 ...........177,041 05/02/2003. 04/01/2028.<br />
4699999. Credit Tenant Loans - Issuer Obligations.................................................................................................. ..........88,598,580 ....XXX....... ..........76,951,986 ..........93,056,296 ..........89,033,944 ......................0 ...........318,322 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ...........434,168 ........6,161,325 .....XXX....... .....XXX.......<br />
Parent, Subsidiaries & Affiliates - Issuer Obligations<br />
47507* AA 7 JEFFERSON PILOT COMM CO OF CA............................................. ....... .. .........3 ....1Z ............3,333,333 ......100.000 ............3,333,333 ............3,333,333 ............3,333,333 .......................... .......................... ............................ .......................... ..........3.891 ..........5.200 JAJO.. .............30,265 ...........165,040 10/07/1996. 10/07/2009.<br />
47507* AC 3 JEFFERSON PILOT COMM CO OF CA............................................. ....... .. ........... ....1Z ............9,473,688 ......100.000 ............9,473,688 ............9,473,688 ............9,473,688 .......................... .......................... ............................ .......................... ..........4.150 ..........4.150 AO...... .............98,290 ...........393,159 04/01/2004. 10/01/2013.<br />
47507# AG 0 JEFFERSON PILOT COMMUN SR NTS............................................ ....... .. ........... ....1Z ............2,500,000 ......100.000 ............2,500,000 ............2,500,000 ............2,500,000 .......................... .......................... ............................ .......................... ..........7.700 ..........7.700 JJ....... .............91,972 ...........192,500 01/09/1997. 01/09/2010.<br />
475070 A# 5 JEFFERSON PILOT CORP SR NTS SE............................................ ....... .. ........... ....1Z ........100,000,000 ......100.000 ........100,000,000 ........100,000,000 ........100,000,000 .......................... .......................... ............................ .......................... ..........4.600 ..........4.600 AO...... ...........971,111 ........4,600,000 04/28/2003. 04/15/2009.<br />
4799999. Parent, Subsidiaries & Affiliates - Issuer Obligations................................................................................ ........115,307,021 ....XXX....... ........115,307,021 ........115,307,021 ........115,307,021 ......................0 ......................0 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,191,638 ........5,350,699 .....XXX....... .....XXX.......<br />
5399999. Total - Parent, Subsidiaries & Affiliates..................................................................................................... ........115,307,021 ....XXX....... ........115,307,021 ........115,307,021 ........115,307,021 ......................0 ......................0 .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,191,638 ........5,350,699 .....XXX....... .....XXX.......<br />
Totals<br />
5499999. Total - Issuer Obligations........................................................................................................................... ...33,583,022,768 ....XXX....... ...31,391,840,528 ...34,927,523,281 ...33,967,963,917 .....(53,547,487) ......50,125,036 .......173,736,951 .....(55,545,318) ....XXX....... ....XXX....... .XXX... ....517,279,995 .1,965,766,811 .....XXX....... .....XXX.......<br />
5599999. Total - Single Class Mortgage-Backed/Asset-Backed Securities.............................................................. .....1,968,947,307 ....XXX....... .....1,920,777,952 .....1,823,319,696 .....1,909,364,080 ......................0 .......(3,220,596) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ......11,429,654 ......94,456,639 .....XXX....... .....XXX.......<br />
5699999. Total - Defined Multi-Class Residential Mortgage-Backed Securities....................................................... .....5,949,922,560 ....XXX....... .....5,398,630,084 .....6,275,496,310 .....5,922,524,980 .......(1,792,305) ........6,927,205 .......228,505,430 ......................0 ....XXX....... ....XXX....... .XXX... ......27,787,164 ....323,826,237 .....XXX....... .....XXX.......<br />
5799999. Total - Other Multi-Class Residential Mortgage-Backed Securities.......................................................... ..........44,037,497 ....XXX....... ..........38,738,139 ..........53,395,290 ..........41,697,295 ......................0 ...............2,815 ..............248,975 ......................0 ....XXX....... ....XXX....... .XXX... ...........139,780 ........3,376,096 .....XXX....... .....XXX.......<br />
5899999. Total - Defined Multi-Class Commercial Mortgage-Backed Securities..................................................... .....3,298,483,688 ....XXX....... .....2,295,102,664 .....3,428,274,567 .....3,284,981,591 ..........(852,391) .......(1,372,496) .........60,715,985 ......................0 ....XXX....... ....XXX....... .XXX... ......15,979,519 ....179,651,369 .....XXX....... .....XXX.......<br />
5999999. Total - Other Multi-Class Commercial Mortgage-Backed/Asset-Backed Securities................................. ........225,212,024 ....XXX....... ........194,921,704 ........239,434,044 ........218,897,728 .............15,813 ..........(632,932) .........................0 ......................0 ....XXX....... ....XXX....... .XXX... ........1,440,282 ......15,831,431 .....XXX....... .....XXX.......<br />
6099999. Grand Total - Bonds................................................................................................................................... ...45,069,625,844 ....XXX....... ...41,240,011,071 ...46,747,443,188 ...45,345,429,591 .....(56,176,370) ......51,829,032 .......463,207,341 .....(55,545,318) ....XXX....... ....XXX....... .XXX... ....574,056,394 .2,582,908,583 .....XXX....... .....XXX.......
E11<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 2 - SECTION 1<br />
Showing all PREFERRED STOCKS Owned December 31 of Current Year<br />
1 2 Codes 5 6 7 8 Fair Value 11 Dividends Change in Book/Adjusted Carrying Value 20 21<br />
3 4 9 10 12 13 14 15 16 17 18 19<br />
F<br />
Current<br />
o Rate Per Year's Total<br />
r Share Other Total Foreign<br />
e Par Book/ Used to Amount Nonadmitted Unrealized Current Than Change Exchange<br />
i Number Value Rate Adjusted Obtain Declared Received Declared Valuation Year's Temporary in Change NAIC<br />
CUSIP g of Per Per Carrying Fair Fair Actual but During but Increase/ (Amortization)/ Impairment B./A.C.V. in Desig- Date<br />
Identification Description Code n Shares Share Share Value Value Value Cost Unpaid Year Unpaid (Decrease) Accretion Recognized (15+16-17) B./A.C.V. nation Acquired<br />
Preferred Stocks - Public Utilities (Unaffiliated)<br />
01039X AA 8 ALABAMA POWER CAP................................................... ........ .... ....5,000,000.000 .................... ........50.125 ...........5,018,510 ........50.125 ...........2,506,250 ...........5,101,400 ..............68,750 ............275,000 ......................... .......................... .............(23,550) ...................... ..............(23,550) ................... RP1UFE 03/28/2005.<br />
376398 20 2 GLACIER WATER TRU..................................................... ........ .... .........40,000.000 ........100.00 ........17.250 ..............690,000 ........17.250 ..............690,000 ...........1,000,000 .......................... ..............90,625 ......................... ...........(308,000) ........................... ...................... ............(308,000) ................... RP5U.... 01/22/1998.<br />
391164 40 7 GREAT PLAINS ENER...................................................... ........ .... ...........4,700.000 ........100.00 ........73.250 ..............285,948 ........73.250 ..............344,275 ..............285,948 .......................... ..............20,445 ......................... .......................... ........................... ...................... ........................0 ................... P3LFE.. 11/24/1971.<br />
C44802 AB 9 HYDRO QUEBEC EURO................................................... ........ .... ....5,000,000.000 .................... ........82.000 ...........4,766,359 ........82.000 ...........4,100,000 ...........4,737,500 ..............38,400 ............199,497 ......................... .......................... ................2,720 ...................... .................2,720 ................... P1U...... 12/06/1990.<br />
64572* 11 2 NEW JERSEY AMERIC..................................................... ........ .... ..............270.000 .................... ........92.750 ................27,000 ........92.750 ................25,043 ................27,000 .......................... ................1,282 ......................... .......................... ........................... ...................... ........................0 ................... RP2A.... 01/28/1970.<br />
64572* 13 8 NEW JERSEY AMERIC..................................................... ........ .... ..............450.000 .................... ......100.000 ................45,000 ......100.000 ................45,000 ................45,000 .......................... ................2,115 ......................... .......................... ........................... ...................... ........................0 ................... RP2A.... 10/05/1970.<br />
842400 74 9 SOUTHERN CALIFORN.................................................... ........ .... .........50,000.000 ........100.00 ........82.375 ...........5,000,000 ........82.375 ...........4,118,750 ...........5,000,000 ..............76,563 ............306,250 ......................... .......................... ........................... ...................... ........................0 ................... P2L....... 09/14/2005.<br />
845331 20 6 SOUTHWEST WATER C.................................................. ........ .... ...........3,607.000 ..........50.00 ........21.875 ................78,903 ........21.875 ................78,903 ..............157,666 .......................... ................9,468 ......................... .......................... ........................... ...................... ........................0 ................... P6*L..... 11/19/1965.<br />
906548 BT 8 UNION ELECTRIC CO....................................................... ........ .... ..19,000,000.000 .................... ......102.889 .........18,862,076 ......102.889 .........19,548,910 .........18,958,205 ..............64,938 .........1,461,100 ......................... .......................... .............(12,878) ...................... ..............(12,878) ................... RP2UFE 08/17/1998.<br />
6199999. Total - Preferred Stocks - Public Utilities (Unaffiliated).................................................................................................... .........34,773,796 ......XXX....... .........31,457,131 .........35,312,719 ............248,651 .........2,365,782 ......................0 ...........(308,000) .............(33,708) ...................0 ............(341,708) ................0 ..XXX.... ....XXX.......<br />
Preferred Stocks - Banks, Trust and <strong>Insurance</strong> Companies (Unaffiliated)<br />
26203@ 12 4 DRIFTWOOD DAIRY H..................................................... ........ .... .......100,000.000 ........100.00 ........10.000 ...........1,000,000 ........10.000 ...........1,000,000 ...........1,000,000 .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... P4AZ.... 07/27/2006.<br />
59156R 60 3 METLIFE INC PERP.......................................................... ........ .... .......120,000.000 ........100.00 ........17.070 ...........1,862,400 ........17.070 ...........2,048,400 ...........1,862,400 .......................... ............195,000 ......................... .......................... ........................... .....1,137,600 .........(1,137,600) ................... P2LFE.. 09/30/2008.<br />
638539 88 2 NATIONAL WESTMINS..................................................... ........ F. .......830,000.000 ..........25.00 ..........9.900 .........20,270,610 ..........9.900 ...........8,217,000 .........20,270,610 ............402,708 .........1,610,831 ......................... .......................... ........................... ...................... ........................0 ................... P2LFE.. 06/06/1997.<br />
780097 80 4 ROYAL BANK SCOTLA..................................................... ........ .... .......530,000.000 ..........25.00 ........10.190 .........13,118,750 ........10.190 ...........5,400,700 .........13,118,750 ............205,594 .........1,061,438 ......................... .......................... ........................... ...................... ........................0 ................... P2LFE.. 07/07/1997.<br />
98372P 87 6 XL CAP LTD 6.1020........................................................... ........ .... .......468,000.000 .................... ........23.000 .........11,700,000 ........23.000 .........10,764,000 .........11,700,000 .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... RP3LFE 08/04/2008.<br />
6299999. Total - Preferred Stocks - Banks, Trust and <strong>Insurance</strong> Companies (Unaffiliated)........................................................... .........47,951,760 ......XXX....... .........27,430,100 .........47,951,760 ............608,302 .........2,867,269 ......................0 .......................0 .......................0 .....1,137,600 .........(1,137,600) ................0 ..XXX.... ....XXX.......<br />
Preferred Stocks - Industrial and Miscellaneous (Unaffiliated)<br />
002920 AC 0 ABBEY NATIONAL PL....................................................... ........ .... ....5,000,000.000 .................... ........87.103 ...........5,126,894 ........87.103 ...........4,355,150 ...........5,143,226 ..............71,771 ............397,500 ......................... .......................... ...............(2,415) ...................... ................(2,415) ................... RP1UFE 01/11/2000.<br />
003723 AA 1 ABN AMRO NA HLDGS..................................................... ........ .... ..44,760,000.000 .................... ........71.374 .........46,966,529 ........71.374 .........31,947,002 .........49,361,356 ............429,844 .........2,919,695 ......................... .......................... ...........(505,778) ...................... ............(505,778) ................... P1UFE. 01/22/2004.<br />
02637V AA 6 AMERICAN GENERAL...................................................... ........ .... ....7,500,000.000 .................... ........40.002 ...........7,066,541 ........40.002 ...........3,000,150 ...........7,051,700 ..............47,312 ............567,750 ......................... .......................... ................1,859 ...................... .................1,859 ................... RP2UFE 03/19/1997.<br />
02637X AA 2 AMERICAN GENL INS...................................................... ........ .... ....6,500,000.000 .................... ........40.009 ...........6,304,905 ........40.009 ...........2,600,585 ...........6,299,050 ............155,503 ............528,125 ......................... .......................... ...................745 ...................... ....................745 ................... RP2UFE 01/26/2001.<br />
001822 AA 3 ANZ CAP TR I 144A........................................................... ........ .... ....4,500,000.000 .................... ........77.292 ...........4,363,828 ........77.292 ...........3,478,140 ...........4,370,669 ................8,968 ............201,780 ......................... .......................... ...................582 ...................... ....................582 ................... P1UFE. 09/20/2004.<br />
001822 AB 1 ANZ CAP TR I 144A........................................................... ........ .... ..19,000,000.000 .................... ........61.665 .........18,704,342 ........61.665 .........11,716,350 .........18,697,620 ..............45,262 .........1,018,400 ......................... .......................... ................1,827 ...................... .................1,827 ................... P1UFE. 10/02/2006.<br />
037388 AE 5 AON CAPITAL TRUST...................................................... ........ .... ..24,000,000.000 .................... ........57.481 .........24,033,812 ........57.481 .........13,795,440 .........24,040,200 ............984,600 .........1,969,200 ......................... .......................... ..................(805) ...................... ...................(805) ................... RP2UFE 03/18/1997.<br />
05068F 30 2 AUCT.PASS-THROUGH................................................... ........ .... ..............171.000 ...50,000.00 ......379.017 ................64,812 ......379.018 ................64,812 ................75,517 .......................... ............141,066 ......................... .............(10,705) ........................... .....8,235,116 .........(8,245,821) ................... P6LFE.. 09/30/2008.<br />
05068G 30 0 AUCTION PASS THRO..................................................... ........ .... ..............193.000 ...50,000.00 ......367.226 ................70,875 ......367.228 ................70,875 ................85,232 .......................... ............141,812 ......................... .............(14,357) ........................... .....7,621,723 .........(7,636,080) ................... P6LFE.. 09/30/2008.<br />
050689 30 6 AUCTION PASS THRO..................................................... ........ .... ..............300.000 ...25,000.00 ...5,864.623 ...........3,238,490 ...5,864.623 ...........1,759,387 ...........3,238,490 .......................... ..............54,712 ......................... .......................... ........................... ...................... ........................0 ................... P1LFE.. 06/30/2008.<br />
05070A 30 9 AUCTION PASS THRO..................................................... ........ .... ..............400.000 ...50,000.00 ......321.907 ................60,000 ......321.908 ..............128,763 ................60,000 .......................... ............155,044 ......................... .......................... ........................... .....9,479,665 .........(9,479,665) ................... P6LFE.. 09/30/2008.<br />
05068E 30 5 AUCTION PASS THRU..................................................... ........ .... ..............390.000 ...50,000.00 ......534.637 ................58,500 ......534.636 ..............208,508 ................58,500 .......................... ............132,692 ......................... .......................... ........................... .....9,137,789 .........(9,137,789) ................... P6LFE.. 09/30/2008.<br />
05069R 30 5 AUCTION PASS THRU..................................................... ........ .... ..............300.000 ...25,000.00 ...5,891.331 ...........3,274,660 ...5,891.330 ...........1,767,399 ...........3,274,660 .......................... ..............56,662 ......................... .......................... ........................... ...................... ........................0 ................... P1LFE.. 06/30/2008.<br />
05069Y 30 0 AUCTION PASS-THRO..................................................... ........ .... ..............400.000 ...25,000.00 ...6,264.556 ...........2,958,850 ...6,264.555 ...........2,505,822 ...........2,958,850 .......................... ...........(913,417) ......................... .......................... ........................... ...................... ........................0 ................... P1LFE.. 06/30/2008.<br />
050693 20 9 AUCTION PASS-THRO..................................................... ........ .... ..............297.000 ...25,000.00 ......198.564 ................58,974 ......198.566 ................58,974 ..............151,470 .......................... ............100,793 ......................... .............(92,496) ........................... .....6,749,825 .........(6,842,321) ................... P6LFE.. 09/30/2008.<br />
050698 20 8 AUCTION PASS-THRO..................................................... ........ .... ..............151.000 ...25,000.00 ......204.131 ................30,824 ......204.132 ................30,824 ................77,010 .......................... ..............56,947 ......................... .............(46,186) ........................... .....5,783,174 .........(5,829,360) ................... P6LFE.. 09/30/2008.<br />
05269P 20 8 AUCTION PASS-THRO..................................................... ........ .... ..............400.000 ...20,000.00 ...4,081.271 ...........2,787,654 ...4,081.270 ...........1,632,508 ...........2,787,654 .......................... ................6,163 ......................... .......................... ........................... ...................... ........................0 ................... P1LFE.. 06/30/2008.<br />
05068M 77 8 AUCTION PASS-THRU..................................................... ........ .... ..............126.000 ...50,000.00 .15,937.861 ...........3,192,885 .15,937.857 ...........2,008,170 ...........3,192,885 .......................... ..............59,534 ......................... .......................... ........................... ...................... ........................0 ................... P1LFE.. 06/30/2008.<br />
05068M 74 5 AUCTION PASS-THRU..................................................... ........ .... ..............149.000 ...50,000.00 .10,512.820 ...........2,115,403 .10,512.819 ...........1,566,410 ...........2,115,403 .......................... ...................676 ......................... .......................... ........................... ...................... ........................0 ................... P1LFE.. 06/30/2008.<br />
05068M 72 9 AUCTION PASS-THRU..................................................... ........ .... ..............149.000 ...50,000.00 .10,512.820 ...........2,301,072 .10,512.819 ...........1,566,410 ...........2,301,072 .......................... ...................676 ......................... .......................... ........................... ...................... ........................0 ................... P2LFE.. 06/30/2008.<br />
06738C 82 8 BARCLAYS BANK PLC..................................................... ........ .... ..16,000,000.000 .................... ........56.000 .........16,000,000 ........56.000 ...........8,960,000 .........16,000,000 ..............44,644 .........1,004,480 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 06/08/2005.<br />
06738C A@ 8 BARCLAYS BANK PLC..................................................... ........ F. ....6,000,000.000 .................... ........54.755 ...........5,382,090 ........54.755 ...........3,285,300 ...........5,367,000 ..............77,292 ............263,521 ......................... .......................... ................5,559 ...................... .................5,559 ................... P1UFE. 09/16/1996.<br />
06738C AE 9 BARCLAYS BANK PLC..................................................... ........ .... ....5,000,000.000 .................... ........49.092 ...........5,368,190 ........49.092 ...........2,454,600 ...........5,928,800 ..............19,000 ............427,500 ......................... .......................... ...........(136,706) ...................... ............(136,706) ................... P1UFE. 07/06/2004.<br />
05529M AA 0 BB&T CAP TR I GTD......................................................... ........ .... ..10,000,000.000 .................... ........72.319 ...........9,973,193 ........72.319 ...........7,231,900 ...........9,971,900 ............216,125 ............585,000 ......................... .......................... ...................411 ...................... ....................411 ................... RP1UFE 08/18/2005.<br />
F07875 AE 1 BNP PARIBAS FLTG......................................................... ........ F. ..10,000,000.000 .................... ........65.000 ...........8,246,447 ........65.000 ...........6,500,000 ...........8,200,000 ............111,064 ............406,862 ......................... .......................... ..............26,214 ...................... ...............26,214 ................... P1UFE. 01/01/2000.<br />
055967 AA 1 BOI CAP FDG NO 2........................................................... ........ .... ..13,500,000.000 .................... ........21.981 .........13,520,830 ........21.981 ...........2,967,435 .........13,527,350 ............313,369 ............752,085 ......................... .......................... ...............(2,346) ...................... ................(2,346) ................... P1UFE. 01/27/2006.<br />
12479B AA 0 CBA CAP TR II 144............................................................ ........ .... ....5,000,000.000 .................... ........57.709 ...........5,000,000 ........57.709 ...........2,885,450 ...........5,000,000 ..............88,687 ............301,200 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 03/15/2006.<br />
124789 AA 6 CBA CAPITAL TRUST....................................................... ........ .... ....9,000,000.000 .................... ........67.137 ...........8,797,585 ........67.137 ...........6,042,330 ...........8,792,940 ............262,676 ............522,450 ......................... .......................... ................1,134 ...................... .................1,134 ................... P1UFE. 06/14/2004.<br />
151327 40 0 CENTAUR FUNDING C..................................................... ........ .... ...........7,500.000 .................... ......157.188 ...........2,833,778 ......157.188 ...........1,178,910 ...........1,002,287 .......................... ........................... ......................... .......................... ............278,267 ...................... .............278,267 ................... RP2LFE 12/10/1998.<br />
151327 20 2 CENTAUR FUNDING C..................................................... ........ .... .........48,255.000 .................... ......642.188 .........49,224,589 ......642.188 .........30,988,782 .........49,526,349 .......................... .........4,381,554 ......................... .......................... .............(57,153) ...................... ..............(57,153) ................... P2LFE.. 02/03/2003.<br />
17133P AA 6 CHUO MITSUI TR &.......................................................... ........ .... ..10,000,000.000 .................... ........68.814 ...........9,970,451 ........68.814 ...........6,881,400 ...........9,973,270 ............116,238 ............550,600 ......................... .......................... ..................(125) ...................... ...................(125) ................... P1UFE. 06/17/2005.<br />
17305H AA 6 CITIGROUP CAPITAL....................................................... ........ .... ....4,500,000.000 .................... ........81.428 ...........4,409,180 ........81.428 ...........3,664,260 ...........4,401,945 ..............28,594 ............343,125 ......................... .......................... ...................895 ...................... ....................895 ................... RP2UFE 03/03/1997.<br />
21869M AA 5 CORESTATES CAPITA..................................................... ........ .... ..15,000,000.000 .................... ........73.054 .........14,731,795 ........73.054 .........10,958,100 .........14,654,250 ..............66,082 ............598,500 ......................... .......................... ................2,892 ...................... .................2,892 ................... RP1UFE 03/03/1997.<br />
218698 AA 6 CORESTATES CAPITA..................................................... ........ .... ..12,000,000.000 .................... ........82.132 .........11,824,310 ........82.132 ...........9,855,840 .........11,790,905 ..............42,667 ............960,000 ......................... .......................... ................4,209 ...................... .................4,209 ................... RP1UFE 03/18/1997.<br />
236363 AA 5 DANSKE BANK A/S P....................................................... ........ .... ..91,500,000.000 .................... ........52.814 .........91,693,636 ........52.814 .........48,324,810 .........91,852,250 ............225,471 .........5,411,310 ......................... .......................... .............(39,672) ...................... ..............(39,672) ................... P1UFE. 08/13/2004.
E11.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 2 - SECTION 1<br />
Showing all PREFERRED STOCKS Owned December 31 of Current Year<br />
1 2 Codes 5 6 7 8 Fair Value 11 Dividends Change in Book/Adjusted Carrying Value 20 21<br />
3 4 9 10 12 13 14 15 16 17 18 19<br />
F<br />
Current<br />
o Rate Per Year's Total<br />
r Share Other Total Foreign<br />
e Par Book/ Used to Amount Nonadmitted Unrealized Current Than Change Exchange<br />
i Number Value Rate Adjusted Obtain Declared Received Declared Valuation Year's Temporary in Change NAIC<br />
CUSIP g of Per Per Carrying Fair Fair Actual but During but Increase/ (Amortization)/ Impairment B./A.C.V. in Desig- Date<br />
Identification Description Code n Shares Share Share Value Value Value Cost Unpaid Year Unpaid (Decrease) Accretion Recognized (15+16-17) B./A.C.V. nation Acquired<br />
25153R AA 0 DEUTSCHE BK CAP F...................................................... ........ .... ....3,000,000.000 .................... ........42.735 ...........3,000,000 ........42.735 ...........1,282,050 ...........3,000,000 ..............75,978 ............168,840 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 01/19/2006.<br />
23327@ AA 4 DFA PFD CAP TR I............................................................ ........ .... ..19,200,000.000 .................... ......102.819 .........19,205,951 ......102.819 .........19,741,248 .........19,188,065 ............350,304 .........1,416,960 ......................... .......................... ...............(2,112) ...................... ................(2,112) ................... RP2UFE 02/14/2006.<br />
25746R AE 6 DOMINION RESOURCE................................................... ........ .... ....4,000,000.000 .................... ........89.308 ...........4,000,000 ........89.308 ...........3,572,320 ...........4,000,000 ..............26,100 ............313,200 ......................... .......................... ........................... ...................... ........................0 ................... RP2UFE 12/08/1997.<br />
313400 68 1 FEDERAL HOME LN M..................................................... ........ .... .......212,000.000 ..........25.00 ..........0.310 ................46,811 ..........0.310 ................65,720 ................46,811 .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... P6LFE.. 10/02/2008.<br />
313400 65 7 FEDERAL HOME LN M..................................................... ........ .... .......272,000.000 ..........25.00 ..........0.350 ................95,200 ..........0.350 ................95,200 ..............138,720 .......................... ........................... ......................... .............(43,520) ........................... ...................... ..............(43,520) ................... P6LFE.. 10/14/2008.<br />
313586 81 0 FEDERAL NATIONAL........................................................ ........ .... ................10.000 .100,000.00 ...1,250.000 ................12,500 ...1,250.000 ................12,500 ................30,000 .......................... ..............53,750 ......................... .............(17,500) ........................... ........970,000 ............(987,500) ................... P6LFE.. 09/30/2008.<br />
313586 83 6 FEDERAL NATL MTG....................................................... ........ .... .........35,500.000 ..........50.00 ..........1.000 ..................5,325 ..........1.000 ................35,500 ..................5,325 .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... P6LFE.. 10/15/2008.<br />
313586 84 4 FEDERAL NATL MTG....................................................... ........ .... .........20,486.000 ..........50.00 ..........1.000 ..................3,073 ..........1.000 ................20,486 ..................3,073 .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... P6LFE.. 10/15/2008.<br />
313586 87 7 FEDERAL NATL MTG....................................................... ........ .... .........19,014.000 ..........50.00 ..........1.100 ..................2,852 ..........1.100 ................20,915 ..................2,852 .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... P6LFE.. 10/15/2008.<br />
31847J AB 6 FIRST AMERICAN CA....................................................... ........ .... ..17,375,000.000 .................... ........98.815 .........18,207,571 ........98.815 .........17,169,106 .........19,163,890 ............311,785 .........1,476,875 ......................... .......................... ...........(218,503) ...................... ............(218,503) ................... RP3UFE 05/28/2004.<br />
32050Q AC 8 FIRST HAWAIIAN CA........................................................ ........ .... ....6,500,000.000 .................... ........88.359 ...........6,500,000 ........88.359 ...........5,743,335 ...........6,500,000 ............271,148 ............542,295 ......................... .......................... ........................... ...................... ........................0 ................... RP1UFE 06/30/1997.<br />
32082C AC 1 FIRST MARYLAND CA...................................................... ........ .... ....8,750,000.000 .................... ........59.797 ...........8,706,858 ........59.797 ...........5,232,238 ...........8,651,825 ..............54,126 ............383,161 ......................... .......................... ................1,270 ...................... .................1,270 ................... RP2UFE 02/04/1997.<br />
320870 AA 6 FIRST MIDWEST CAP...................................................... ........ .... ..11,000,000.000 .................... ........94.829 .........11,085,400 ........94.829 .........10,431,190 .........11,091,150 ..............63,708 ............764,500 ......................... .......................... ...............(1,284) ...................... ................(1,284) ................... RP2UFE 11/18/2003.<br />
40411C AA 0 HBOS CAP FNDG NO....................................................... ........ .... ..10,000,000.000 .................... ........36.985 .........10,000,000 ........36.985 ...........3,698,500 .........10,000,000 ............305,236 ............607,100 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 06/24/2004.<br />
42205M AB 2 HBOS PLC ADR REPS...................................................... ........ .... ..10,000,000.000 .................... ........38.786 .........10,016,096 ........38.786 ...........3,878,600 .........10,016,780 ............160,325 ............641,300 ......................... .......................... ..................(226) ...................... ...................(226) ................... P1UFE. 09/29/2005.<br />
40429Q 20 0 HSBC CAP FDG DLR........................................................ LS... .... ....7,500,000.000 .................... ........54.189 ...........7,172,418 ........54.189 ...........4,064,175 ...........7,075,125 ................3,842 ............518,625 ......................... .......................... ..............56,343 ...................... ...............56,343 ................... P1UFE. 04/18/2007.<br />
G4637E BF 1 HSBD BANK PLC FTG...................................................... ........ F. ..10,000,000.000 .................... ........66.500 ...........8,030,515 ........66.500 ...........6,650,000 ...........8,000,000 ..............11,458 ............717,535 ......................... .......................... ................4,675 ...................... .................4,675 ................... P1UFE. 07/12/1994.<br />
446283 AD 5 HUNTINGTON CAPITA..................................................... ........ .... ....8,500,000.000 .................... ........30.459 ...........8,328,607 ........30.459 ...........2,589,015 ...........8,271,660 ..............51,218 ............360,940 ......................... .......................... ................6,287 ...................... .................6,287 ................... RP2UFE 02/18/1997.<br />
44965T AA 5 ILFC E-CAPITAL TR.......................................................... ........ .... ....9,000,000.000 .................... ........32.051 ...........8,991,233 ........32.051 ...........2,884,590 ...........8,991,180 ..............14,750 ............531,000 ......................... .......................... .....................19 ...................... ......................19 ................... RP2UFE 12/21/2005.<br />
44965U AA 2 ILFC E-CAPITAL TR.......................................................... ........ .... ....5,000,000.000 .................... ........41.761 ...........4,994,877 ........41.761 ...........2,088,050 ...........4,994,850 ................8,681 ............312,500 ......................... .......................... .......................9 ...................... ........................9 ................... RP2UFE 12/21/2005.<br />
44978N AA 3 ING CAPITAL FNDG.......................................................... ........ .... ..10,000,000.000 .................... ........50.331 .........10,542,400 ........50.331 ...........5,033,100 .........11,733,633 ................2,344 ............886,095 ......................... .......................... ...........(249,775) ...................... ............(249,775) ................... P1UFE. 10/01/2003.<br />
456837 AC 7 ING GROEP NV GLBL....................................................... ........ .... ....6,000,000.000 .................... ........42.829 ...........6,000,000 ........42.829 ...........2,569,740 ...........6,000,000 ..............22,138 ............346,500 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 12/08/2005.<br />
46627N AA 3 JP MORGAN CHASE C..................................................... ........ .... ....5,000,000.000 .................... ........77.390 ...........4,929,946 ........77.390 ...........3,869,500 ...........4,926,250 ..............86,493 ............293,750 ......................... .......................... ................1,088 ...................... .................1,088 ................... RP1UFE 04/29/2005.<br />
46631V AA 9 JPM CHASE CAPITAL...................................................... ........ .... ....2,518,000.000 .................... ........92.139 ...........2,502,341 ........92.139 ...........2,320,060 ...........2,502,141 ..............42,806 ............173,257 ......................... .......................... ...................160 ...................... ....................160 ................... RP1UFE 11/07/2008.<br />
46625H HA 1 JPMORGAN CHASE &...................................................... ........ .... .........15,000.000 .................... ........83.183 ................15,000 ........83.183 ................12,477 ................15,000 ...................201 ...................616 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 04/23/2008.<br />
48239A AA 7 KBC BANK FUNDING........................................................ ........ .... ..24,000,000.000 .................... ........45.785 .........24,090,458 ........45.785 .........10,988,400 .........24,716,940 ............387,827 .........2,366,400 ......................... .......................... .............(99,294) ...................... ..............(99,294) ................... P1UFE. 06/19/2000.<br />
51488Y AB 5 LANDESBANK BADEN..................................................... ........ .... ..30,000,000.000 .................... ......111.242 .........30,000,000 ......111.242 .........33,372,600 .........30,000,000 ................4,208 .........2,272,500 ......................... .......................... ........................... ...................... ........................0 ................... RP1UFE 02/12/2004.<br />
G55356 AH 5 LLOYDS BANK PLC S....................................................... ........ F. ..32,000,000.000 .................... ........54.500 .........27,714,343 ........54.500 .........17,440,000 .........27,664,750 ..............91,440 .........1,157,722 ......................... .......................... ................7,537 ...................... .................7,537 ................... P1UFE. 01/01/2000.<br />
564759 NH 7 M&T BANK CORP FLT...................................................... ........ .... ....2,450,000.000 .................... ........83.499 ...........2,449,492 ........83.499 ...........2,045,726 ...........2,455,366 ..............26,284 ............100,026 ......................... .......................... ..................(291) ...................... ...................(291) ................... RP1UFE 11/21/2003.<br />
55263B AA 9 MBNA CAPITAL SER........................................................ ........ .... ....7,000,000.000 .................... ........82.993 ...........6,731,268 ........82.993 ...........5,809,510 ...........6,684,190 ..............48,288 ............579,460 ......................... .......................... ................6,090 ...................... .................6,090 ................... RP1UFE 04/14/1997.<br />
55263K AA 9 MBNA GLOBAL CAP S..................................................... ........ .... ....2,500,000.000 .................... ........59.669 ...........2,480,501 ........59.669 ...........1,491,725 ...........2,474,250 ..............15,253 ............108,204 ......................... .......................... ...................564 ...................... ....................564 ................... RP1UFE 02/14/1997.<br />
59022C 17 8 MERRILL LYNCH & C........................................................ ........ .... .......720,000.000 ..........25.00 ........10.850 .........16,145,875 ........10.850 ...........7,812,000 .........16,145,875 .......................... ............800,208 ......................... .......................... ........................... ...................... ........................0 ................... P2LFE.. 12/18/2007.<br />
59156R AP 3 METLIFE INC JR SB.......................................................... ........ .... .........10,000.000 .................... ........60.000 ..................8,095 ........60.000 ..................6,000 ..................8,083 .....................28 ...................640 ......................... .......................... .....................12 ...................... ......................12 ................... RP2UFE 04/04/2008.<br />
606859 AA 4 MIZUHO CAP INVT U........................................................ ........ .... ....5,000,000.000 .................... ........56.791 ...........5,000,000 ........56.791 ...........2,839,550 ...........5,000,000 ...................929 ............334,300 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 03/13/2006.<br />
635192 AA 5 NATIONAL CAPITAL......................................................... ........ .... ....5,000,000.000 .................... ........52.846 ...........5,000,000 ........52.846 ...........2,642,300 ...........5,000,000 ..............10,667 ............274,300 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 03/23/2005.<br />
638539 AH 9 NATIONAL WESTMINS..................................................... ........ .... ....5,000,000.000 .................... ........98.049 ...........4,997,952 ........98.049 ...........4,902,450 ...........4,980,050 ..............92,188 ............368,750 ......................... .......................... ................2,553 ...................... .................2,553 ................... RP1UFE 09/28/1999.<br />
638611 AA 1 NATIONWIDE FINL S........................................................ ........ .... ....3,000,000.000 .................... ........45.384 ...........3,000,000 ........45.384 ...........1,361,520 ...........3,000,000 ..............78,990 ............236,970 ......................... .......................... ........................... ...................... ........................0 ................... RP2UFE 03/11/1997.<br />
638539 B* 6 NATL WESTMINSTER...................................................... ........ F. ....9,000,000.000 .................... ........55.487 ...........7,582,822 ........55.487 ...........4,993,830 ...........7,560,000 ............147,656 ............409,438 ......................... .......................... ................3,065 ...................... .................3,065 ................... P1UFE. 07/12/1994.<br />
G63812 AE 4 NATL WESTMINSTER...................................................... ........ F. ....5,000,000.000 .................... ........52.500 ...........4,344,562 ........52.500 ...........2,625,000 ...........4,331,250 ..............15,625 ............185,634 ......................... .......................... ................4,849 ...................... .................4,849 ................... P1UFE. 08/21/1996.<br />
652486 20 0 NEWS CORP LTD 5.0....................................................... ........ .... .......100,000.000 ........100.00 ........81.188 ...........6,504,000 ........81.188 ...........8,118,800 ...........6,504,000 .......................... ............500,000 ......................... .......................... ........................... ...................... ........................0 ................... RP3U.... 04/20/1999.<br />
65334H 50 8 NEXEN INC SB PFD.......................................................... ........ .... ....1,300,000.000 ..........25.00 ........17.450 .........32,607,500 ........17.450 .........22,685,000 .........32,607,500 .......................... .........2,388,750 ......................... .......................... ........................... ...................... ........................0 ................... P3LFE.. 11/05/2003.<br />
62914E AA 2 NIB CAPITAL BANK.......................................................... ........ .... ..28,500,000.000 .................... ........18.956 .........28,500,000 ........18.956 ...........5,402,460 .........28,500,000 ..............92,103 .........1,657,845 ......................... .......................... ........................... ...................... ........................0 ................... P2UFE. 12/11/2003.<br />
65555R AA 0 NORDBANKEN AB 144..................................................... ........ .... ..21,800,000.000 .................... ........77.307 .........21,833,119 ........77.307 .........16,852,926 .........22,120,130 ............265,566 .........1,951,100 ......................... .......................... .............(78,637) ...................... ..............(78,637) ................... P1UFE. 02/14/2005.<br />
66567E AW 5 NORTHERN ROCK PLC................................................... ........ .... ..34,000,000.000 .................... ........38.000 .........21,083,002 ........38.000 .........12,920,000 .........21,076,925 .......................... .........1,904,000 ......................... .......................... ................3,003 ...................... .................3,003 ................... P3UFE. 07/12/2004.<br />
693475 AJ 4 PNC FINL SVCS GRO....................................................... ........ .... .........55,000.000 .................... ........80.579 ................49,533 ........80.579 ................44,318 ................49,531 ...................504 ................1,238 ......................... .......................... .......................2 ...................... ........................2 ................... P1UFE. 12/15/2008.<br />
733186 AA 8 POPULAR NORTH AME................................................... ........ .... ....9,000,000.000 .................... ........61.010 ...........9,075,265 ........61.010 ...........5,490,900 ...........9,079,605 ............173,946 ............590,760 ......................... .......................... ...............(1,120) ...................... ................(1,120) ................... RP2UFE 09/16/2004.<br />
74728G AA 8 QBE INS GRP LTD S......................................................... ........ .... ..27,540,000.000 .................... ........60.898 .........27,339,558 ........60.898 .........16,771,309 .........27,344,346 ............777,592 .........1,555,184 ......................... .......................... ..................(922) ...................... ...................(922) ................... RP2UFE 05/20/2004.<br />
749769 AA 3 RABOBANK CAP FDG...................................................... ........ .... ..25,000,000.000 .................... ........54.827 .........25,000,000 ........54.827 .........13,706,750 .........25,000,000 ............476,509 .........1,313,500 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 10/21/2004.<br />
749768 AA 5 RABOBANK CAP FDG...................................................... ........ .... 104,990,000.000 .................... ........52.903 .......104,996,105 ........52.903 .........55,542,860 .......105,160,856 .........2,697,677 .........5,601,374 ......................... .......................... .............(52,473) ...................... ..............(52,473) ................... P1UFE. 03/07/2005.<br />
74927Q AA 5 RBS CAPITAL TR II........................................................... ........ .... ..30,000,000.000 .................... ........39.976 .........30,203,922 ........39.976 .........11,992,800 .........30,312,800 ............417,993 .........1,653,600 ......................... .......................... .............(29,822) ...................... ..............(29,822) ................... P1UFE. 01/19/2005.<br />
749274 AA 4 RBS CAPITAL TRUST....................................................... ........ .... ..21,000,000.000 .................... ........38.923 .........19,085,847 ........38.923 ...........8,173,830 .........19,029,540 ................2,747 .........1,483,335 ......................... .......................... ..............13,101 ...................... ...............13,101 ................... P1UFE. 05/27/2004.<br />
76117J AB 4 RESONA BANK LTD P...................................................... ........ .... ..20,000,000.000 .................... ........56.688 .........19,418,099 ........56.688 .........11,337,600 .........19,408,475 ............247,000 .........1,170,000 ......................... .......................... ................3,249 ...................... .................3,249 ................... P2UFE. 10/31/2005.<br />
76117H AA 0 RESONA PFD GLBL S...................................................... ........ .... ..24,350,000.000 .................... ........47.609 .........24,922,787 ........47.609 .........11,592,792 .........25,113,523 ............734,451 .........1,751,009 ......................... .......................... .............(68,009) ...................... ..............(68,009) ................... P2UFE. 03/08/2006.
E11.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 2 - SECTION 1<br />
Showing all PREFERRED STOCKS Owned December 31 of Current Year<br />
1 2 Codes 5 6 7 8 Fair Value 11 Dividends Change in Book/Adjusted Carrying Value 20 21<br />
3 4 9 10 12 13 14 15 16 17 18 19<br />
F<br />
Current<br />
o Rate Per Year's Total<br />
r Share Other Total Foreign<br />
e Par Book/ Used to Amount Nonadmitted Unrealized Current Than Change Exchange<br />
i Number Value Rate Adjusted Obtain Declared Received Declared Valuation Year's Temporary in Change NAIC<br />
CUSIP g of Per Per Carrying Fair Fair Actual but During but Increase/ (Amortization)/ Impairment B./A.C.V. in Desig- Date<br />
Identification Description Code n Shares Share Share Value Value Value Cost Unpaid Year Unpaid (Decrease) Accretion Recognized (15+16-17) B./A.C.V. nation Acquired<br />
G76891 AD 5 ROYAL BANK OF SCO..................................................... ........ .... ..10,000,000.000 .................... ........73.500 ...........8,708,155 ........73.500 ...........7,350,000 ...........8,687,500 ................9,375 ............425,295 ......................... .......................... ................9,549 ...................... .................9,549 ................... P1U...... 11/20/1996.<br />
780097 AE 1 ROYAL BK OF SCOTL...................................................... ........ .... ..15,000,000.000 .................... ........85.374 .........15,087,904 ........85.374 .........12,806,100 .........15,492,600 ............345,724 .........1,367,700 ......................... .......................... .............(63,948) ...................... ..............(63,948) ................... P1UFE. 06/29/2000.<br />
82463M AA 7 SHINSEI FIN CAYMA........................................................ ........ .... ..25,500,000.000 .................... ........20.915 .........25,658,524 ........20.915 ...........5,333,325 .........25,701,660 ............731,919 .........1,636,590 ......................... .......................... .............(16,031) ...................... ..............(16,031) ................... P2UFE. 03/03/2006.<br />
830505 AM 5 SKANDINAVISKA ENS...................................................... ........ .... ..15,000,000.000 .................... ........53.834 .........15,000,000 ........53.834 ...........8,075,100 .........15,000,000 ............223,399 ............820,650 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 03/23/2005.<br />
830505 AL 7 SKANDINAVISKA ENS...................................................... ........ .... ..51,700,000.000 .................... ........55.831 .........51,750,169 ........55.831 .........28,864,627 .........51,785,830 ............683,543 .........2,563,286 ......................... .......................... ...............(8,222) ...................... ................(8,222) ................... P1UFE. 03/31/2004.<br />
83367T AA 7 SOCIETE GENERALE....................................................... ........ .... ..19,000,000.000 .................... ........46.747 .........19,000,000 ........46.747 ...........8,881,930 .........19,000,000 ............268,793 .........1,125,180 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 04/05/2007.<br />
846504 AB 4 SPAREBANKEN ROGAL.................................................. ........ .... ..10,100,000.000 .................... ........88.062 .........10,100,000 ........88.062 ...........8,894,262 .........10,100,000 ............108,457 ............650,743 ......................... .......................... ........................... ...................... ........................0 ................... P1UFE. 10/01/2003.<br />
854624 AC 7 STANLEY WKS CAP T...................................................... ........ .... ....6,000,000.000 .................... ........73.000 ...........6,000,000 ........73.000 ...........4,380,000 ...........6,000,000 ..............29,510 ............354,120 ......................... .......................... ........................... ...................... ........................0 ................... RP2UFE 11/22/2005.<br />
865622 AB 0 SUMITOMO MITSUI B....................................................... ........ .... ..20,000,000.000 .................... ........74.057 .........19,994,612 ........74.057 .........14,811,400 .........20,007,130 ............237,500 .........1,124,800 ......................... .......................... ...............(3,885) ...................... ................(3,885) ................... P1UFE. 07/26/2005.<br />
86787X AA 3 SUNTRUST CAPITAL........................................................ ........ .... ..20,000,000.000 .................... ........53.624 .........19,990,991 ........53.624 .........10,724,800 .........20,000,700 ..............90,720 ............822,589 ......................... .......................... ...................114 ...................... ....................114 ................... RP1UFE 09/26/1997.<br />
86788X 20 3 SUNTRUST REIT COR..................................................... ........ .... ..............200.000 .................... .52,589.000 .........19,613,288 .52,589.000 .........10,517,800 .........19,612,985 .......................... ............900,000 ......................... .......................... ...................303 ...................... ....................303 ................... P1A...... 09/01/2008.<br />
869099 AF 8 SUSEQUEHANNA BANC.................................................. ........ .... ....5,000,000.000 .................... ........99.279 ...........4,992,332 ........99.279 ...........4,963,950 ...........4,987,050 ..............39,583 ............237,500 ......................... .......................... ................1,234 ...................... .................1,234 ................... RP2UFE 05/03/2004.<br />
893472 AA 8 TRANSAMERICA CAPI..................................................... ........ .... ..10,000,000.000 .................... ......103.588 .........10,037,763 ......103.588 .........10,358,800 .........10,044,700 ..............63,750 ............765,000 ......................... .......................... ..................(966) ...................... ...................(966) ................... RP1UFE 11/13/1997.<br />
901704 AA 4 TWIN REEFS PSTHR........................................................ ........ .... ..19,500,000.000 .................... ..........1.000 ..............195,000 ..........0.010 ..............195,000 ..............757,286 .......................... ............564,141 ......................... ...........(521,626) ...............(4,130) ...18,813,199 .......(19,338,955) ................... P6UFE. 06/30/2008.<br />
90212E AA 2 TWO ROCK PASS THR.................................................... ........ .... ..10,000,000.000 .................... ..........2.000 ..............200,000 ..........0.020 ..............200,000 ..............200,000 .......................... ............438,879 ......................... .......................... ........................... .....9,800,000 .........(9,800,000) ................... P3UFE. 09/30/2008.<br />
90262W AA 1 UBS PFD FDG TR II.......................................................... ........ .... ..29,098,000.000 .................... ........49.546 .........29,964,314 ........49.546 .........14,416,895 .........31,324,573 ..............29,288 .........2,108,732 ......................... .......................... ...........(319,012) ...................... ............(319,012) ................... P1UFE. 05/24/2004.<br />
90262P AA 6 UBS PFD FUNDING T....................................................... ........ .... ..27,700,000.000 .................... ........60.415 .........28,154,331 ........60.415 .........16,734,955 .........29,235,180 ............597,074 .........2,388,294 ......................... .......................... ...........(241,750) ...................... ............(241,750) ................... P1UFE. 11/01/2006.<br />
90466H AA 8 UNICREDITO ITALIA......................................................... ........ .... ....6,000,000.000 .................... ........38.258 ...........5,996,922 ........38.258 ...........2,295,480 ...........5,996,880 ............131,867 ............552,000 ......................... .......................... .......................7 ...................... ........................7 ................... P1UFE. 10/05/2000.<br />
911905 70 1 US AIRWAYS GRP IN....................................................... ........ .... ...........1,945.000 .................... .................... ............................ .................... ............................ ............................ .......................... ........................... ......................... .......................... ........................... ...................... ........................0 ................... P6A...... 06/11/2004.<br />
91731K AA 8 USB CAPITAL IX GT......................................................... ........ .... .........40,000.000 .................... ........47.000 ................28,553 ........47.000 ................18,800 ................28,538 ...................523 ................1,393 ......................... .......................... .....................15 ...................... ......................15 ................... P1UFE. 07/24/2008.<br />
902965 AA 0 USF&G CAPITAL I C......................................................... ........ .... ....2,000,000.000 .................... ........93.773 ...........2,000,000 ........93.773 ...........1,875,460 ...........2,000,000 ................7,556 ............170,000 ......................... .......................... ........................... ...................... ........................0 ................... RP1UFE 12/24/1996.<br />
929768 AA 7 WACHOVIA BANK CAP.................................................... ........ .... ....5,000,000.000 .................... ........45.715 ...........4,945,322 ........45.715 ...........2,285,750 ...........4,924,600 ..............35,648 ............215,386 ......................... .......................... ................1,840 ...................... .................1,840 ................... RP1UFE 01/31/1997.<br />
929767 AA 9 WACHOVIA CAPITAL........................................................ ........ .... ..12,000,000.000 .................... ........70.689 .........11,932,396 ........70.689 ...........8,482,680 .........11,915,700 ............422,747 ............916,800 ......................... .......................... ................1,690 ...................... .................1,690 ................... RP1UFE 02/18/1997.<br />
94986E AA 8 WELLS FARGO CAP X..................................................... ........ .... .........65,000.000 .................... ........82.531 ................62,622 ........82.531 ................53,645 ................62,620 ................1,321 ................1,630 ......................... .......................... .......................2 ...................... ........................2 ................... P1UFE. 11/07/2008.<br />
96122B AA 4 WESTPAC CAPITAL T...................................................... ........ .... ..34,332,000.000 .................... ........50.826 .........34,737,935 ........50.826 .........17,449,582 .........35,102,648 ............504,994 .........1,997,779 ......................... .......................... .............(94,954) ...................... ..............(94,954) ................... P1UFE. 02/01/2005.<br />
96122C AA 2 WESTPAC CAPITAL T...................................................... LS... .... ..53,000,000.000 .................... ........50.876 .........52,366,379 ........50.876 .........26,964,280 .........52,347,670 ............704,158 .........2,785,680 ......................... .......................... ................4,282 ...................... .................4,282 ................... P1UFE. 04/21/2004.<br />
978802 20 5 WOODBOURNE CAP TR.................................................. ........ .... ....7,500,000.000 .100,000.00 ..........0.530 ...........7,509,300 ..........0.530 ...........3,975,000 ...........7,509,300 .......................... ............243,173 ......................... .......................... ........................... ...................... ........................0 ................... P1A...... 04/07/2008.<br />
978803 20 3 WOODBOURNE CAP TR.................................................. ........ .... ....7,500,000.000 .100,000.00 ..........0.530 ...........7,509,300 ..........0.530 ...........3,975,000 ...........7,509,300 .......................... ............243,690 ......................... .......................... ........................... ...................... ........................0 ................... P1A...... 04/07/2008.<br />
97880P 20 4 WOODBOURNE CAP TR.................................................. ........ .... ....7,500,000.000 .100,000.00 ..........0.530 ...........7,509,300 ..........0.530 ...........3,975,000 ...........7,509,300 .......................... ............267,968 ......................... .......................... ........................... ...................... ........................0 ................... P1A...... 04/07/2008.<br />
97880Q 20 2 WOODBOURNE CAPITA.................................................. ........ .... ....7,500,000.000 .100,000.00 ..........0.530 ...........7,509,300 ..........0.530 ...........3,975,000 ...........7,509,300 .......................... ............270,893 ......................... .......................... ........................... ...................... ........................0 ................... P1A...... 04/07/2008.<br />
98876X AA 0 ZFS FIN USA TR I.............................................................. ........ .... ....5,000,000.000 .................... ........56.028 ...........4,995,027 ........56.028 ...........2,801,400 ...........4,995,000 ..............13,667 ............307,500 ......................... .......................... .....................10 ...................... ......................10 ................... RP2UFE 12/09/2005.<br />
98876Y AA 8 ZFS FIN USA TR II............................................................. ........ .... ....3,500,000.000 .................... ........46.705 ...........3,488,401 ........46.705 ...........1,634,675 ...........3,488,345 ..............10,033 ............225,750 ......................... .......................... .....................20 ...................... ......................20 ................... RP2UFE 12/09/2005.<br />
6399999. Total - Preferred Stocks - Industrial and Miscellaneous (Unaffiliated)............................................................................. ....1,487,353,143 ......XXX....... .......885,754,063 ....1,495,842,520 .......17,314,430 .......93,822,184 ......................0 ...........(746,390) ........(1,842,830) ...76,590,491 .......(79,179,711) ................0 ..XXX.... ....XXX.......<br />
6599999. Total - Preferred Stocks.................................................................................................................................................... ....1,570,078,699 ......XXX....... .......944,641,294 ....1,579,106,999 .......18,171,383 .......99,055,235 ......................0 ........(1,054,390) ........(1,876,538) ...77,728,091 .......(80,659,019) ................0 ..XXX.... ....XXX.......
E12<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 2 - SECTION 2<br />
Showing all COMMON STOCKS Owned December 31 of Current Year<br />
1 2 Codes 5 6 Fair Value 9 Dividends Change in Book/Adjusted Carrying Value 17 18<br />
3 4 7 8 10 11 12 13 14 15 16<br />
F<br />
o Rate Per Current Total<br />
r Share Year's Total Foreign<br />
e Book/ Used to Amount Nonadmitted Unrealized Other Than Change Exchange NAIC<br />
i Number Adjusted Obtain Declared Received Declared Valuation Temporary in Change Market<br />
CUSIP g of Carrying Fair Fair Actual but During but Increase/ Impairment B./A.C.V. in Indicator Date<br />
Identification Description Code n Shares Value Value Value Cost Unpaid Year Unpaid (Decrease) Recognized (13-14) B./A.C.V. (a) Acquired<br />
Common Stocks - Public Utilities (Unaffiliated)<br />
629377 50 8 NRG ENERGY INC....................................................................................... ........ .... ...........18,322.000 ...................427,452 ..................23.330 ...................427,452 ................................. .............................. .............................. .............................. ...............(366,623) ............................. ...............(366,623) .......................... L............ 04/07/2006.<br />
6699999. Total - Common Stocks - Public Utilities (Unaffiliated).......................................................................................... ...................427,452 .......XXX................ ...................427,452 ..............................0 ...........................0 ...........................0 ...........................0 ...............(366,623) ..........................0 ...............(366,623) ......................0 ..XXX.... ....XXX........<br />
Common Stocks - Banks, Trust and <strong>Insurance</strong> Companies (Unaffiliated)<br />
033066 10 1 ANCHOR PACIFIC UNDERWRITERS......................................................... ........ .... .........672,444.000 .......................8,742 ....................0.013 .......................8,742 ...................642,000 .............................. .............................. .............................. .................(75,314) ............................. .................(75,314) .......................... A........... 12/30/1996.<br />
31339* 10 7 FEDERAL HOME LN BK INDIANAP............................................................ ........ .... .........189,464.000 ..............18,946,400 ................100.000 ..............18,946,400 ..............18,946,400 .............................. ................100,815 .............................. .............................. ............................. ...........................0 .......................... A........... 08/20/2008.<br />
6799999. Total - Common Stocks - Banks, Trust and <strong>Insurance</strong> Companies (Unaffiliated)................................................. ..............18,955,142 .......XXX................ ..............18,955,142 ..............19,588,400 ...........................0 ................100,815 ...........................0 .................(75,314) ..........................0 .................(75,314) ......................0 ..XXX.... ....XXX........<br />
Common Stocks - Industrial and Miscellaneous (Unaffiliated)<br />
001765 10 6 AMR CORP................................................................................................... ........ .... .............7,735.000 .....................82,532 ..................10.670 .....................82,532 ................................. .............................. .............................. .............................. .................(25,990) ............................. .................(25,990) .......................... L............ 07/01/2003.<br />
001765 98 1 AMR CORP COM (RESTRICTED)............................................................... ........ F.. .............2,276.000 .....................24,285 ..................10.670 .....................24,285 ................................. .............................. .............................. .............................. ...................(7,646) ..........................1 ...................(7,647) .......................... U........... 09/30/2008.<br />
03662Q 10 5 ANSYS INC (RESTRICTIVE LEGE.............................................................. ........ .... ................860.000 .....................23,985 ..................27.890 .....................23,985 ................................. .............................. .............................. .............................. .................(11,670) ............................. .................(11,670) .......................... L............ 09/14/2006.<br />
049567 10 0 ATMOSPHERIC GLOW TECHNOLOGI....................................................... ........ .... ................125.000 ................................. ....................0.001 ................................. ................................. .............................. .............................. .............................. ..........................(2) ............................. ..........................(2) .......................... U........... 09/01/1997.<br />
04962* 13 2 ATRIUM CORP WARRANT TO PUR........................................................... ........ .... .............1,623.250 ................................. .............................. ................................. ..........................178 .............................. .............................. .............................. ................417,652 ............1,458,155 ............(1,040,503) .......................... A........... 06/30/2008.<br />
000000 00 0 BNY INSTITUTIONAL CASH RESV............................................................. ........ .... .........801,766.000 .....................72,159 ....................0.090 .....................72,159 ...................104,230 .............................. .............................. .............................. .................(32,071) ...............697,536 ...............(729,607) .......................... V........... 09/30/2008.<br />
G19849 11 9 CARADOR PLC US DOLLAR DEN C.......................................................... ........ F.. ....11,244,900.000 ................6,746,940 ....................0.600 ................6,746,940 ..............10,035,000 .............................. .............................. .............................. ............(3,288,060) ............................. ............(3,288,060) .......................... U........... 12/09/2008.<br />
246248 64 5 DEL POOLED TR - ALL CAP GRO.............................................................. ........ .... .........294,691.130 ................1,113,932 ....................3.780 ................1,113,932 ................1,140,059 .............................. ....................2,059 .............................. ...............(767,538) ............................. ...............(767,538) .......................... L............ 12/18/2008.<br />
24610B 85 9 DELAWARE GRP EQ FD V - SMAL............................................................ ........ .... .........505,204.840 ................3,758,724 ....................7.440 ................3,758,724 ................4,895,976 .............................. ..................16,093 .............................. ............(2,045,966) ............................. ............(2,045,966) .......................... U........... 12/26/2008.<br />
26203@ 10 8 DRIFTWOOD DAIRY HOLDING COR......................................................... ........ .... .............7,500.000 ..........................750 ....................0.100 ..........................750 ..........................750 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 07/27/2006.<br />
26203@ 11 6 DRIFTWOOD DAIRY HOLDING COR......................................................... ........ .... .............5,000.000 .....................40,000 ....................8.000 .....................40,000 .....................40,000 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 07/27/2006.<br />
534898 20 0 LVIP COHEN & STEERS GBL REA............................................................. ........ .... .............1,016.820 .......................4,673 ....................4.596 .......................4,673 .......................4,672 .............................. .........................74 .............................. ....................1,953 ...................5,437 ...................(3,484) .......................... U........... 12/31/2008.<br />
534898 10 1 LVIP COHEN & STEERS GLBL RE............................................................. ........ .... .........203,492.740 ...................933,828 ....................4.589 ...................933,828 ................1,351,238 .............................. ..................18,708 .............................. .................(28,955) ...............666,731 ...............(695,686) .......................... U........... 12/08/2008.<br />
534898 66 3 LVIP SSGA BOND INDEX FD - S................................................................ ........ .... ...........10,062.700 ...................103,304 ..................10.266 ...................103,304 ...................100,627 .............................. .......................627 .............................. ....................2,676 ............................. ....................2,676 .......................... U........... 12/08/2008.<br />
534898 73 9 LVIP SSGA BOND INDEX FD - S................................................................ ........ .... ......1,998,643.600 ..............20,524,071 ..................10.269 ..............20,524,071 ..............19,986,514 .............................. ..................86,514 .............................. ................537,557 ............................. ................537,557 .......................... U........... 12/08/2008.<br />
534898 64 8 LVIP SSGA DEVELOPED INTL 15.............................................................. ........ .... ...........10,137.210 .....................57,265 ....................5.649 .....................57,265 ...................100,719 .............................. .......................719 .............................. .................(43,454) ............................. .................(43,454) .......................... U........... 12/08/2008.<br />
534898 71 3 LVIP SSGA DEVELOPED INTL 15.............................................................. ........ .... ......1,001,208.660 ................5,660,834 ....................5.654 ................5,660,834 ................9,958,778 .............................. ..................58,778 .............................. ............(4,297,944) ............................. ............(4,297,944) .......................... U........... 12/08/2008.<br />
534898 63 0 LVIP SSGA EMERGING MKTS 100............................................................ ........ .... ...........10,086.910 .....................59,271 ....................5.876 .....................59,271 ...................100,482 .............................. .......................482 .............................. .................(41,212) ............................. .................(41,212) .......................... U........... 12/08/2008.<br />
534898 69 7 LVIP SSGA EMERGING MKTS 100............................................................ ........ .... .........745,078.710 ................4,379,573 ....................5.878 ................4,379,573 ................7,428,202 .............................. ..................28,202 .............................. ............(3,048,629) ............................. ............(3,048,629) .......................... U........... 12/08/2008.<br />
534898 65 5 LVIP SSGA INTL INDEX FD - S................................................................... ........ .... ...........10,107.460 .....................60,230 ....................5.959 .....................60,230 ...................100,594 .............................. .......................594 .............................. .................(40,364) ............................. .................(40,364) .......................... U........... 12/08/2008.<br />
534898 72 1 LVIP SSGA INTL INDEX FD - S................................................................... ........ .... ......2,006,683.240 ..............11,965,852 ....................5.963 ..............11,965,852 ..............19,992,358 .............................. ..................92,358 .............................. ............(8,026,506) ............................. ............(8,026,506) .......................... U........... 12/08/2008.<br />
534898 62 2 LVIP SSGA LARGE CAP 100 FD................................................................. ........ .... ...........10,060.620 .....................65,998 ....................6.560 .....................65,998 ...................100,385 .............................. .......................385 .............................. .................(34,387) ............................. .................(34,387) .......................... U........... 12/08/2008.<br />
534898 68 9 LVIP SSGA LARGE CAP 100 FD................................................................. ........ .... .........491,862.850 ................3,228,588 ....................6.564 ................3,228,588 ................4,911,842 .............................. ..................11,842 .............................. ............(1,683,254) ............................. ............(1,683,254) .......................... U........... 12/08/2008.<br />
534898 61 4 LVIP SSGA SMALL/MID CAP 200............................................................... ........ .... ...........10,102.300 .....................69,080 ....................6.838 .....................69,080 ...................100,673 .............................. .......................673 .............................. .................(31,593) ............................. .................(31,593) .......................... U........... 12/08/2008.<br />
534898 67 1 LVIP SSGA SMALL/MID CAP 200............................................................... ........ .... .........493,914.220 ................3,379,361 ....................6.842 ................3,379,361 ................4,925,759 .............................. ..................25,760 .............................. ............(1,546,398) ............................. ............(1,546,398) .......................... U........... 12/08/2008.<br />
583918 10 7 MEDA INC..................................................................................................... ........ .... ................125.000 ................................. .............................. ................................. ..............................1 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 12/02/1993.<br />
60975R 10 5 MONOGENESIS CORPORATION............................................................... ........ .... ....................2.000 ................................. .............................. ................................. ..............................1 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 05/16/1997.<br />
652526 10 4 NEWTEK BUSINESS SVCS (RESTR.......................................................... ........ .... .............3,000.000 ..........................660 ....................0.220 ..........................660 ................................. .............................. .............................. .............................. ...................(3,060) ............................. ...................(3,060) .......................... L............ 02/03/2004.<br />
70175R 11 0 PARMALAT S P A SPONSORED GD.......................................................... ........ .... ................650.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... U........... 03/23/2006.<br />
70175R 10 2 PARMALAT S P A SPONSORED GD.......................................................... ........ .... .........423,145.000 ................1,311,750 ....................3.100 ................1,311,750 ................................. .............................. ................133,384 .............................. .............................. ............................. ...........................0 .......................... U........... 03/23/2006.<br />
729136 40 8 PLIANT CORPORATION.............................................................................. ........ .... ....................2.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 07/31/2007.<br />
69354@ 11 3 PLT FINANCE TR 1998-3 BENEF................................................................ ........ .... ....................1.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 12/11/1998.<br />
69353@ 10 6 PLT FINANCE TRUST 1998-1 BE................................................................ ........ .... ....................1.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 04/27/1998.<br />
74681@ 10 9 PUTNAM LOVELL FIN TR 1999-1................................................................ ........ .... ....................1.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 03/25/1999.<br />
74681@ 11 7 PUTNAM LOVELL FIN TR 1999-2................................................................ ........ .... ....................1.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 07/16/1999.<br />
74681@ 12 5 PUTNAM LOVELL FIN TR 1999-3................................................................ ........ .... ....................1.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 12/08/1999.<br />
74681@ 13 3 PUTNAM LOVELL FIN TR 2000-1................................................................ ........ .... ....................1.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 05/17/2000.<br />
000000 00 0 SEAGATE TECH ESCROW DTC CUS........................................................ ........ .... .............1,700.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... U........... 10/16/2008.<br />
834376 12 1 SOLUTIA INC WARRANTS.......................................................................... ........ .... .............8,000.000 ................................. .............................. ................................. ............................10 .............................. .............................. .............................. ................180,005 ............................. ................180,005 .......................... U........... 11/22/2002.<br />
89840@ 11 3 TRUSTILE DOORS WT TO PUR 27............................................................ ........ .... ...........27,204.320 ...................467,805 ..................17.196 ...................467,805 .....................93,765 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 04/11/2003.<br />
902549 80 7 UAL CORP.................................................................................................... ........ .... ...........89,495.000 ...................986,235 ..................11.020 ...................986,235 ................................. .............................. ................192,414 .............................. ............(2,205,157) ............................. ............(2,205,157) .......................... L............ 01/01/2007.<br />
911905 9A 7 US AIRWAYS GROUP INC WT TO............................................................. ........ .... .............1,945.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... U........... 06/11/2004.<br />
926395 10 4 VICTORIAS MLG INC................................................................................... ........ F.. .........143,999.980 ................................. .............................. ................................. ..............................8 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... U........... 04/06/1969.<br />
Q96577 10 3 WESTERN METALS LIMITED..................................................................... ........ D. ....11,815,859.000 ................................. .............................. ................................. ............................20 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... A........... 11/01/2002.<br />
6899999. Total - Common Stocks - Industrial and Miscellaneous (Unaffiliated)................................................................... ..............65,121,685 .......XXX................ ..............65,121,685 ..............85,472,841 ...........................0 ................669,666 ...........................0 ..........(26,070,013) ............2,827,860 ..........(28,897,873) ......................0 ..XXX.... ....XXX........<br />
Common Stocks - Parent, Subsidiaries and Affiliates
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 2 - SECTION 2<br />
Showing all COMMON STOCKS Owned December 31 of Current Year<br />
1 2 Codes 5 6 Fair Value 9 Dividends Change in Book/Adjusted Carrying Value 17 18<br />
3 4 7 8 10 11 12 13 14 15 16<br />
F<br />
o Rate Per Current Total<br />
r Share Year's Total Foreign<br />
e Book/ Used to Amount Nonadmitted Unrealized Other Than Change Exchange NAIC<br />
i Number Adjusted Obtain Declared Received Declared Valuation Temporary in Change Market<br />
CUSIP g of Carrying Fair Fair Actual but During but Increase/ Impairment B./A.C.V. in Indicator Date<br />
Identification Description Code n Shares Value Value Value Cost Unpaid Year Unpaid (Decrease) Recognized (13-14) B./A.C.V. (a) Acquired<br />
53355# 10 6 LINCOLN FINANCIAL ADVISORS............................................................... ........ .... .............5,000.000 ..............58,124,522 ...........11,624.904 ..............58,124,522 ..............49,632,846 .............................. ...........28,000,000 .............................. ..........(16,136,844) ............................. ..........(16,136,844) .......................... K........... 11/01/2002.<br />
53356@ 10 7 LINCOLN FINANCIAL DISTRIBUT............................................................... ........ .... .............8,000.000 ................8,465,264 .............1,058.158 ................8,465,264 ................4,588,509 .............................. .............................. .............................. ................141,882 ............................. ................141,882 .......................... K........... 01/01/1998.<br />
53356# 10 5 LINCOLN FINL SVCS & INS BRK................................................................ ........ .... ..................80.000 ................................. .............................. ................................. ................................. .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... K........... 01/01/2003.<br />
53371# 10 6 LINCOLN INVESTMENT SOLUTION........................................................... ........ .... .............1,000.000 ............342,685,052 ..342,685,052.000 ............342,685,052 ............247,700,000 .............................. .............................. .............................. ..........(33,358,723) ............................. ..........(33,358,723) .......................... K........... 01/03/2006.<br />
53378# 10 9 LINCOLN LIFE & ANNUITY CO OF NEW YORK........................................ ........ .... .........132,000.000 ............795,171,102 .............6,024.024 ............795,171,102 .........1,153,547,523 .............................. .............................. .............................. ..........(37,621,803) ............................. ..........(37,621,803) .......................... K........... 12/31/2007.<br />
53469# 10 9 LINCOLN REALTY CAPITAL CORP............................................................ ........ .... .............1,000.000 ................................. .............................. ................................. ..............20,560,708 .............................. .............6,000,000 .............................. .............................. ............................. ...........................0 .......................... K........... 09/08/1999.<br />
53468@ 10 2 LINCOLN REINS CO OF SOUTH CAROLINAII........................................... ........ .... .........250,000.000 ................................. .............................. ................................. ...................275,000 .............................. .............................. .............................. ...............(275,000) ............................. ...............(275,000) .......................... K........... 07/24/2008.<br />
53469* 10 3 LINCOLN REINSURANCE CO OF SOUTH CAROLINA.............................. ........ .... .........250,000.000 ................................. .............................. ................................. ..............55,000,000 .............................. .............................. .............................. ..........(55,000,000) ............................. ..........(55,000,000) .......................... K........... 12/31/2008.<br />
99LNAS 9A 6 LNC ADMINISTRATIVE SVCS COR............................................................ ........ .... .............1,000.000 ................1,827,363 ......1,827,363.000 ................1,827,363 ................1,788,764 .............................. .............................. .............................. ..................24,294 ............................. ..................24,294 .......................... K........... 01/01/2007.<br />
96008# 10 6 WESTFIELD ASSIGNED BENEFIT............................................................. ........ .... ................100.000 ................................. .............................. ................................. .....................10,000 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... K........... 11/20/1997.<br />
475106 10 0 JEFFERSON STANDARD LIFE INS............................................................ ........ .... .........625,000.000 ................................. .............................. ................................. ................5,000,000 .............................. .............7,000,000 .............................. .............................. ............................. ...........................0 .......................... K........... 12/11/1992.<br />
000000 00 0 CALIFORNIA FRINGE BENEFIT & INSURANCE MARKETING CORPORATION ........ .... ................100.000 ................................. .............................. ................................. ...................300,000 .............................. .............................. .............................. .............................. ............................. ...........................0 .......................... K........... 12/31/2008.<br />
6999999. Total - Common Stocks - Parent, Subsidiaries and Affiliates................................................................................ .........1,206,273,303 .......XXX................ .........1,206,273,303 .........1,538,403,350 ...........................0 ...........41,000,000 ...........................0 ........(142,226,194) ..........................0 ........(142,226,194) ......................0 ..XXX.... ....XXX........<br />
7299999. Total - Common Stock............................................................................................................................................ .........1,290,777,582 .......XXX................ .........1,290,777,582 .........1,643,464,591 ...........................0 ...........41,770,481 ...........................0 ........(168,738,144) ............2,827,860 ........(171,566,004) ......................0 ..XXX.... ....XXX........<br />
7399998. Total - Preferred Stock from Section 1................................................................................................................... .........1,570,078,699 .......XXX................ ............944,641,294 .........1,579,106,999 ...........18,171,383 ...........99,055,235 .............................. ............(1,054,390) ..........77,728,091 ..........(80,659,019) .......................... ..XXX.... ....XXX........<br />
7399999. Total - Preferred and Common Stock..................................................................................................................... .........2,860,856,281 .......XXX................ .........2,235,418,876 .........3,222,571,590 ...........18,171,383 .........140,825,716 ...........................0 ........(169,792,534) ..........80,555,951 ........(252,225,023) ......................0 ..XXX.... ....XXX........<br />
(a) For all common stocks bearing the NAIC market indicator ''U'' provide: the number of such issues.....24, the total $ value (included in Column 8) of all such issues $.....62,333,627.<br />
E12.1
E13<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
Bonds - U.S. Government<br />
3133XC QZ 9 FEDERAL HOME LN BK BD 4.375 09 2010..................................................... ................ ...01/07/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ..................................................153,956 ..................................................150,000 ......................................................2,060<br />
3137EA AR 0 FEDERAL HOME LN MTG COR 4.750 03 2012................................................. ................ ...01/07/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ..................................................104,332 ..................................................100,000 ......................................................1,649<br />
3137EA AY 5 FEDERAL HOME LN MTG COR 5.500 08 2017................................................. ................ ...01/22/2008..... VARIOUS................................................................................................................ ........................................................... ..................................................219,883 ..................................................200,000 ......................................................5,301<br />
3133XK QX 6 FEDERAL HOME LOAN BANK 4.875 05 2017................................................. ................ ...11/20/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ..................................................215,574 ..................................................220,000 .........................................................119<br />
3133XS CT 3 FEDERAL HOME LOAN BANK 3.375 10 2010................................................. ................ ...10/22/2008..... VARIOUS................................................................................................................ ........................................................... ..................................................175,092 ..................................................175,000 .........................................................197<br />
3133XS AE 8 FEDERAL HOME LOAN BANK 3.625 10 2013................................................. ................ ...09/11/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................19,942 ....................................................20,000 ................................................................<br />
31398A MV 1 FNMA DB 2.500 04 2010..................................................................... ................ ...02/05/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................64,838 ....................................................65,000 ................................................................<br />
31398A KY 7 FNMA NT 3.625 02 2013..................................................................... ................ ...01/09/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................39,900 ....................................................40,000 ................................................................<br />
31398A TZ 5 FNMA NT 2.875 10 2010..................................................................... ................ ...10/15/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ..................................................133,958 ..................................................135,000 ...........................................................43<br />
690353 KY 2 OVERSEAS PVT INVEST CO 4.300 05 2012................................................... ................ ...08/15/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ....................................................19,731 ....................................................19,731 ................................................................<br />
690353 LC 9 OVERSEAS PVT INVEST CO 4.640 05 2012................................................... ................ ...08/15/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ....................................................16,032 ....................................................16,032 ................................................................<br />
690353 MD 6 OVERSEAS PVT INVEST CO 4.090 05 2012................................................... ................ ...08/15/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ......................................................6,707 ......................................................6,707 ................................................................<br />
690353 MF 1 OVERSEAS PVT INVEST CO 4.870 05 2012................................................... ................ ...08/15/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ....................................................72,152 ....................................................72,152 ................................................................<br />
690353 MK 0 OVERSEAS PVT INVEST CO 4.680 05 2012................................................... ................ ...08/15/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ......................................................9,143 ......................................................9,143 ................................................................<br />
912828 JR 2 T 3.7500 11/15/18 3.750 11 2018.................................................................. ................ ...12/17/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................39,595 ....................................................35,000 .........................................................124<br />
880591 EB 4 TENNESSEE VALLEY AUTH S 4.875 01 2048.................................................. ................ ...01/16/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ....................................................14,795 ....................................................15,000 ................................................................<br />
912828 ET 3 UNITED STATES INFLATION 2.000 01 2016.................................................... ................ ...12/09/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ..................................................255,791 ..................................................274,768 ......................................................2,210<br />
912827 6R 8 UNITED STATES TREAS INF 3.500 01 2011.................................................... ................ ...10/20/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ..................................................516,111 ..................................................523,141 ......................................................4,876<br />
912828 AF 7 UNITED STATES TREAS INF 3.000 07 2012.................................................... ................ ...07/15/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ......................................................2,192 ......................................................2,192 ................................................................<br />
912810 PW 2 UNITED STATES TREAS NT 4.375 02 2038.................................................... ................ ...12/09/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................6,166 ......................................................5,000 ...........................................................71<br />
912828 JH 4 UNITED STATES TREAS NT 4.000 08 2018.................................................... ................ ...08/27/2008..... MERRILL LYNCH................................................................................................... ........................................................... ...............................................3,052,043 ...............................................3,000,000 ......................................................4,239<br />
912828 JQ 4 UNITED STATES TREAS NT 2.750 10 2013.................................................... ................ ...11/13/2008..... BONY CAPITAL MARKETS................................................................................... ........................................................... ...............................................1,018,438 ...............................................1,000,000 ......................................................1,064<br />
912828 JW 1 UNITED STATES TREAS NT 1.500 12 2013.................................................... ................ ...12/30/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ..................................................145,159 ..................................................145,000 ................................................................<br />
31371N KB 0 FNMA PL#256890 6.000 09 2037.............................................................. ................ ...07/16/2008..... SANDLER O'NEILL AND PARTNERS................................................................... ........................................................... .............................................10,983,802 .............................................10,978,656 ....................................................21,957<br />
38374G DA 7 GNMA GNR 04-28 DZ Z SEQ 4.500 04 2019..................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................372,197 ..................................................372,197 ................................................................<br />
38373X MT 0 GNMA 2002-41 CL ZD CMO 6.000 06 2032...................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................1,354,397 ...............................................1,354,397 ................................................................<br />
0399999. Total - Bonds - U.S. Government................................................................................................................................. .............................................................................................................................................................................................. .............................................19,011,926 .............................................18,934,116 ....................................................43,910<br />
Bonds - States, Territories and Possessions<br />
13063A 3P 7 CALIFORNIA ST REV ANTIC 5.500 06 2009..................................................... ................ ...10/17/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................45,363 ....................................................45,000 ................................................................<br />
1799999. Total - Bonds - States, Territories & Possessions....................................................................................................... .............................................................................................................................................................................................. ....................................................45,363 ....................................................45,000 .............................................................0<br />
Bonds - Political Subdivisions of States<br />
736742 QH 3 PORTLAND OR SWR SYS REV 5.000 06 2018................................................ ................ ...04/04/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ....................................................16,294 ....................................................15,000 ................................................................<br />
745190 H7 6 PUERTO RICO COMWLTH HWY 5.000 07 2038............................................... ................ ...01/01/2008..... EXCHANGED......................................................................................................... ........................................................... ......................................................9,673 ....................................................10,000 ................................................................<br />
745190 J3 3 PUERTO RICO COMWLTH HWY 5.000 07 2032............................................... ................ ...01/01/2008..... EXCHANGED......................................................................................................... ........................................................... ..................................................152,196 ..................................................155,000 ................................................................<br />
745190 J5 8 PUERTO RICO COMWLTH HWY 5.000 07 2032............................................... ................ ...01/01/2008..... EXCHANGED......................................................................................................... ........................................................... ..................................................250,387 ..................................................255,000 ................................................................<br />
2499999. Total - Bonds - Political Subdivisions of States........................................................................................................... .............................................................................................................................................................................................. ..................................................428,550 ..................................................435,000 .............................................................0<br />
Bonds - Special Revenue and Special Assessment<br />
02R050 62 2 FGLMC 30YR 5% TBA 5.000 02 2034.......................................................... ................ ...12/11/2008..... JP MORGAN.......................................................................................................... ........................................................... ..................................................217,822 ..................................................215,000 .........................................................328<br />
31414F XM 8 FNMA PL#965184 ARM 5.163 09 2038......................................................... ................ ...10/02/2008..... FTN FINANCIALS................................................................................................... ........................................................... ..................................................135,080 ..................................................134,995 .........................................................426<br />
01F042 62 4 FNMA 30YR 4.5% FEB TBA 4.500 02 2039...................................................... ................ ...12/11/2008..... VARIOUS................................................................................................................ ........................................................... ..................................................301,478 ..................................................300,000 .........................................................413<br />
500630 BP 2 KOREA DEVELOPMENT BANK 5.300 01 2013................................................ ................ ...01/14/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................15,093 ....................................................15,000 ................................................................<br />
3128K2 KR 9 FHLMC GOLD PL# A42104 5.500 01 2036...................................................... ................ ...04/03/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... .............................................11,594,517 .............................................11,515,349 ....................................................22,871<br />
3128K7 Y6 9 FHLMC GOLD PL# A47033 5.000 09 2035...................................................... ................ ...02/12/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ...............................................5,389,178 ...............................................5,459,096 ......................................................8,340<br />
3128K6 4H 0 FHLMC GOLD PL#A46224 5.000 07 2035...................................................... ................ ...04/03/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ...............................................8,665,039 ...............................................8,776,112 ....................................................15,846<br />
3128LB Z2 7 FHLMC GOLD PL#A77961 5.500 06 2038...................................................... ................ ...07/14/2008..... VARIOUS................................................................................................................ ........................................................... .............................................19,384,130 .............................................19,838,797 ....................................................39,402<br />
3128M5 GL 8 FHLMC GOLD PL#G03503 5.500 09 2035...................................................... ................ ...02/15/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................14,820,117 .............................................14,783,159 ....................................................45,171<br />
3128M5 RN 2 FHLMC GOLD PL#G03793 5.000 09 2035...................................................... ................ ...02/01/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................24,841,292 .............................................24,895,751 ....................................................38,035<br />
31283K 2N 7 FHLMC GOLD PL#G11681 5.000 04 2020...................................................... ................ ...08/19/2008..... STEPHENS INC..................................................................................................... ........................................................... ....................................................27,402 ....................................................27,596 ...........................................................57<br />
3128M4 SQ 7 FHLMC PL# G02927 GOLD 5.500 04 2037...................................................... ................ ...08/29/2008..... INTER-COMPANY TRANSFER............................................................................. ........................................................... ...............................................8,383,583 ...............................................8,553,516 ....................................................36,590<br />
3128LC G3 4 FHLMC PL#A78318 GOLD 5.500 12 2037...................................................... ................ ...08/29/2008..... INTER-COMPANY TRANSFER............................................................................. ........................................................... ...............................................9,703,716 ...............................................9,893,250 ....................................................42,321<br />
312927 HQ 2 FHLMC PL#A81139 GOLD 5.500 08 2038...................................................... ................ ...08/22/2008..... DAIN RAUSCHER WESSELS............................................................................... ........................................................... ....................................................53,665 ....................................................54,944 ...........................................................84<br />
3128LX E3 0 FHLMC PL#G01954 GOLD 5.000 11 2035...................................................... ................ ...10/08/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................51,582 ....................................................52,484 ...........................................................95<br />
3128M6 AQ 1 FHLMC PL#G04215 GOLD 5.500 05 2038...................................................... ................ ...09/12/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................34,154,096 .............................................34,000,033 ....................................................67,528<br />
3128M6 EL 8 FHLMC PL#G04339 GOLD 6.000 06 2038...................................................... ................ ...06/06/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................20,194,343 .............................................19,898,905 ....................................................36,476<br />
3128M6 F5 2 FHLMC PL#G04399 GOLD 5.500 07 2038...................................................... ................ ...09/05/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................29,853,515 .............................................29,999,999 ....................................................45,833<br />
3128M6 SY 5 FHLMC PL#G04735 GOLD 5.500 01 2035...................................................... ................ ...10/02/2008..... SANDLER O'NEILL AND PARTNERS................................................................... ........................................................... ....................................................49,821 ....................................................49,712 ...........................................................99<br />
3128UN E2 4 FHLMC PL#H09153 5.500 04 2038............................................................. ................ ...05/22/2008..... RBC CAPITAL MARKETS...................................................................................... ........................................................... .............................................29,476,956 .............................................29,723,101 ....................................................49,951<br />
3128PL EV 0 FHLMC PL#J08248 GOLD 5.000 12 2022....................................................... ................ ...10/08/2008..... SANDLER O'NEILL AND PARTNERS................................................................... ........................................................... ....................................................51,686 ....................................................51,848 .........................................................137<br />
31413T VX 7 FN POOL # 955230 6.500 12 2037.............................................................. ................ ...01/23/2008..... COUNTRYWIDE SECURITIES CORP.................................................................. ........................................................... ....................................................15,643 ....................................................14,974 ...........................................................30
E13.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
31412W KR 6 FN POOL# 936904 6.500 08 2037.............................................................. ................ ...01/29/2008..... STEPHENS INC..................................................................................................... ........................................................... ....................................................10,162 ......................................................9,778 ...........................................................19<br />
31414G ZQ 5 FN POOL# 966151 6.500 11 2037.............................................................. ................ ...01/23/2008..... COUNTRYWIDE SECURITIES CORP.................................................................. ........................................................... ....................................................10,405 ......................................................9,987 ...........................................................20<br />
31407N 2C 6 FNMA PL# 836071 5.000 10 2035.............................................................. ................ ...02/06/2008..... MERRILL LYNCH................................................................................................... ........................................................... .............................................11,114,669 .............................................11,157,381 ....................................................17,046<br />
31410K BW 3 FNMA PL# 889353 5.225 03 2038.............................................................. ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................23,942,389 .............................................23,602,635 ....................................................95,918<br />
31410K JY 1 FNMA PL# 889579 6.000 05 2038.............................................................. ................ ...06/24/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................49,542,241 .............................................49,311,095 ..................................................213,681<br />
31414C JT 6 FNMA PL# 962074 6.000 03 2038.............................................................. ................ ...06/26/2008..... STEPHENS INC..................................................................................................... ........................................................... ...............................................9,825,487 ...............................................9,775,085 ....................................................21,179<br />
31415C LT 2 FNMA PL# 982838 5.500 05 2038.............................................................. ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................31,887,438 .............................................32,425,304 ....................................................82,486<br />
31368H LW 1 FNMA PL#190341 5.000 09 2018.............................................................. ................ ...10/07/2008..... SANDLER O'NEILL AND PARTNERS................................................................... ........................................................... ....................................................21,584 ....................................................21,503 ...........................................................57<br />
31371N QP 3 FNMA PL#257062 5.000 01 2038.............................................................. ................ ...09/19/2008..... UBS WARBURG..................................................................................................... ........................................................... ....................................................28,449 ....................................................28,823 ...........................................................92<br />
31371N XQ 3 FNMA PL#257287 5.500 07 2038.............................................................. ................ ...08/29/2008..... INTER-COMPANY TRANSFER............................................................................. ........................................................... .............................................14,612,407 .............................................14,987,935 ....................................................64,115<br />
31402C 5F 5 FNMA PL#725446 6.000 03 2018.............................................................. ................ ...10/02/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ..................................................159,946 ..................................................156,235 .........................................................495<br />
31402D DB 3 FNMA PL#725598 5.500 07 2034.............................................................. ................ ...02/14/2008..... FTN FINANCIALS................................................................................................... ........................................................... ...............................................3,857,932 ...............................................3,841,127 ....................................................12,324<br />
31402R RN 1 FNMA PL#735893 5.000 10 2035.............................................................. ................ ...12/09/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ..................................................598,127 ..................................................592,182 .........................................................822<br />
31403C Y7 0 FNMA PL#745134 5.500 10 2035.............................................................. ................ ...02/22/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................5,581,242 ...............................................5,600,494 ......................................................9,412<br />
31403C 6L 0 FNMA PL#745275 5.000 02 2036.............................................................. ................ ...01/31/2008..... VARIOUS................................................................................................................ ........................................................... .............................................50,825,539 .............................................51,032,860 ....................................................77,967<br />
31403D BX 6 FNMA PL#745354 5.500 03 2036.............................................................. ................ ...04/18/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ...............................................7,958,457 ...............................................7,999,705 ....................................................14,666<br />
31403D ED 7 FNMA PL#745432 5.500 04 2036.............................................................. ................ ...05/09/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................10,098,678 .............................................10,001,795 ....................................................18,337<br />
31403D T6 6 FNMA PL#745873 5.500 10 2036.............................................................. ................ ...12/09/2008..... CITIGROUP GLOBAL MARKETS.......................................................................... ........................................................... ...............................................2,285,375 ...............................................2,247,363 ......................................................3,433<br />
31409J VZ 0 FNMA PL#872832 6.500 06 2036.............................................................. ................ ...01/23/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................15,694 ....................................................15,050 ...........................................................30<br />
31409T RH 3 FNMA PL#878088 5.500 04 2036.............................................................. ................ ...05/02/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................14,496,676 .............................................14,395,458 ....................................................26,392<br />
31410G AF 0 FNMA PL#888406 5.000 08 2036.............................................................. ................ ...02/01/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................16,218,230 .............................................16,211,897 ....................................................24,768<br />
31410G EK 5 FNMA PL#888538 5.500 01 2037.............................................................. ................ ...02/28/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................7,711,620 ...............................................7,701,992 ....................................................12,944<br />
31410G GB 3 FNMA PL#888594 6.000 08 2022.............................................................. ................ ...05/14/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................51,305 ....................................................50,001 .........................................................133<br />
31410G JX 2 FNMA PL#888678 5.000 12 2036.............................................................. ................ ...10/09/2008..... VARIOUS................................................................................................................ ........................................................... .............................................16,449,150 .............................................16,558,030 ....................................................27,604<br />
31410G KD 4 FNMA PL#888692 5.500 09 2036.............................................................. ................ ...03/06/2008..... COUNTRYWIDE SECURITIES CORP.................................................................. ........................................................... ....................................................14,039 ....................................................14,233 ...........................................................24<br />
31410G KH 5 FNMA PL#888696 6.500 07 2037.............................................................. ................ ...01/24/2008..... UBS WARBURG..................................................................................................... ........................................................... ....................................................19,790 ....................................................19,040 ...........................................................38<br />
31410G N4 1 FNMA PL#888811 6.500 03 2037.............................................................. ................ ...01/23/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ....................................................14,597 ....................................................14,013 ...........................................................28<br />
31410K JR 6 FNMA PL#889572 5.500 06 2038.............................................................. ................ ...07/11/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................7,229,067 ...............................................7,264,254 ....................................................13,318<br />
31410K Q2 3 FNMA PL#889773 6.000 08 2038.............................................................. ................ ...10/09/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... ..................................................180,100 ..................................................178,496 .........................................................387<br />
31410P QT 3 FNMA PL#893366 5.000 04 2035.............................................................. ................ ...02/01/2008..... MERRILL LYNCH................................................................................................... ........................................................... .............................................27,231,691 .............................................27,193,450 ....................................................41,546<br />
31410Q H2 0 FNMA PL#894049 6.500 10 2036.............................................................. ................ ...01/23/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................13,268 ....................................................12,724 ...........................................................25<br />
31410W ZR 2 FNMA PL#89952 5.000 12 2037............................................................... ................ ...09/19/2008..... UBS WARBURG..................................................................................................... ........................................................... ......................................................9,674 ......................................................9,773 ...........................................................31<br />
31410W QR 2 FNMA PL#899664 6.000 08 2037.............................................................. ................ ...07/17/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... .............................................10,300,763 .............................................10,326,580 ....................................................20,653<br />
31412E JD 9 FNMA PL#922860 6.000 11 2036.............................................................. ................ ...08/29/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ...............................................5,056,046 ...............................................5,026,203 ......................................................2,513<br />
31412M JY 5 FNMA PL#929179 5.000 01 2036.............................................................. ................ ...10/02/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ....................................................52,968 ....................................................53,946 ...........................................................97<br />
31413F JR 4 FNMA PL#944072 6.500 07 2037.............................................................. ................ ...01/23/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................20,181 ....................................................19,353 ...........................................................38<br />
31413H AR 9 FNMA PL#945616 6.500 08 2037.............................................................. ................ ...01/23/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................15,377 ....................................................14,746 ...........................................................29<br />
31413K AG 6 FNMA PL#947407 5.500 10 2022.............................................................. ................ ...06/05/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................75,727 ....................................................75,001 .........................................................183<br />
31414A QZ 8 FNMA PL#960472 5.500 01 2023.............................................................. ................ ...06/06/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................25,250 ....................................................25,000 ...........................................................61<br />
31414B R5 1 FNMA PL#961408 5.000 02 2038.............................................................. ................ ...09/19/2008..... UBS WARBURG..................................................................................................... ........................................................... ......................................................4,731 ......................................................4,780 ...........................................................15<br />
31414C 3P 1 FNMA PL#962606 5.000 04 2038.............................................................. ................ ...06/09/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................95,468 ..................................................100,000 .........................................................181<br />
31414D TH 9 FNMA PL#963252 6.000 05 2038.............................................................. ................ ...06/20/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................16,605,288 .............................................16,527,814 ....................................................35,810<br />
31414E U8 5 FNMA PL#964207 6.000 07 2038.............................................................. ................ ...06/20/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... .............................................10,068,520 .............................................10,012,201 ....................................................21,693<br />
31414S J5 3 FNMA PL#974684 6.000 04 2038.............................................................. ................ ...07/24/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................31,146,015 .............................................31,061,357 ..................................................139,776<br />
31414T KL 4 FNMA PL#975599 5.500 07 2038.............................................................. ................ ...07/10/2008..... MERRILL LYNCH................................................................................................... ........................................................... ...............................................4,940,229 ...............................................4,981,874 ......................................................9,895<br />
31414U JQ 2 FNMA PL#976471 5.500 04 2038.............................................................. ................ ...10/08/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................56,211 ....................................................56,088 .........................................................111<br />
31415A 4B 4 FNMA PL#981518 5.000 05 2038.............................................................. ................ ...06/09/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ..................................................190,875 ..................................................200,000 .........................................................361<br />
31415M DK 8 FNMA PL#984006 5.500 05 2038.............................................................. ................ ...08/28/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................8,817,879 ...............................................8,937,984 ....................................................13,655<br />
31415M QU 2 FNMA PL#984367 5.500 05 2038.............................................................. ................ ...07/18/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................13,435,217 .............................................13,858,553 ....................................................25,407<br />
31415R CW 2 FNMA PL#986685 5.000 06 2038.............................................................. ................ ...06/09/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................95,469 ..................................................100,000 .........................................................181<br />
31415S ST 0 FNMA PL#988030 6.000 08 2038.............................................................. ................ ...07/18/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................29,853,516 .............................................30,000,000 ....................................................60,000<br />
31392X R9 1 FHLMC FHR 2525 CL BG PA 5.500 07 2032..................................................... ................ ...10/22/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................31,330,000 .............................................32,000,000 ..................................................127,111<br />
31394N N8 7 FHLMC FHR 2727 PZ Z PAC 4.500 01 2034...................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................547,760 ..................................................547,760 ................................................................<br />
31394X YX 8 FHLMC FHR 2790 DZ ACC 4.500 05 2019....................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................1,349,051 ...............................................1,349,051 ................................................................<br />
31395V UJ 6 FHLMC R002 CL ZA CMO 5.500 06 2035....................................................... ................ ...12/01/2008..... VARIOUS................................................................................................................ ........................................................... .............................................82,327,359 .............................................84,435,048 ..................................................331,208<br />
31339L S3 5 FHLMC 2390 PZ CMO 6.000 12 2031.......................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................883,254 ..................................................883,254 ................................................................<br />
3133TV N4 4 FHLMC 2440 CL ZO CMO 6.500 04 2032....................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................483,499 ..................................................483,499 ................................................................<br />
31396U 6V 7 FHLMC 2440 CL ZO CMO 6.000 07 2036....................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................2,199,694 ...............................................2,199,694 ................................................................<br />
31394J FL 6 FHLMC 2683 CL UE CMO 5.500 01 2032....................................................... ................ ...08/25/2008..... ROBERT W BAIRD & CO INC............................................................................... ........................................................... ...............................................7,076,534 ...............................................7,198,000 ....................................................29,692
E13.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
31394K D6 8 FHLMC 2690 CL Z CMO 5.000 10 2033......................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................440,895 ..................................................440,895 ................................................................<br />
31394L SS 2 FHLMC 2700 PH CMO 4.500 11 2033.......................................................... ................ ...12/19/2008..... MF GLOBAL........................................................................................................... ........................................................... .............................................18,270,229 .............................................18,339,000 ....................................................52,725<br />
31394N 4V 7 FHLMC 2713 CL EH CMO 5.500 05 2032....................................................... ................ ...07/08/2008..... VARIOUS................................................................................................................ ........................................................... .............................................22,483,030 .............................................23,000,000 ....................................................24,597<br />
31394N 4X 3 FHLMC 2713 EJ CMO 5.500 12 2033........................................................... ................ ...01/11/2008..... COUNTRYWIDE SECURITIES CORP.................................................................. ........................................................... .............................................32,823,680 .............................................33,150,000 ....................................................75,969<br />
31394P VY 6 FHLMC 2743 CL PH CMO 5.500 02 2034....................................................... ................ ...01/08/2008..... STEPHENS INC..................................................................................................... ........................................................... ...............................................9,965,625 .............................................10,000,000 ....................................................15,278<br />
31394X YP 5 FHLMC 2790 CL AU CMO 5.500 05 2033....................................................... ................ ...08/22/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................12,732,465 .............................................13,151,675 ....................................................56,260<br />
31394X UZ 7 FHLMC 2797 PG CMO 5.500 01 2033.......................................................... ................ ...08/25/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ...............................................7,870,000 ...............................................8,000,000 ....................................................33,000<br />
31395C QS 3 FHLMC 2825 CL PN CMO 5.500 09 2032....................................................... ................ ...08/14/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ...............................................5,865,000 ...............................................6,000,000 ....................................................16,500<br />
31395E K5 5 FHLMC 2833 CL JE CMO 5.500 05 2033........................................................ ................ ...07/02/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................12,848,164 .............................................13,000,000 ....................................................13,903<br />
31395E AX 5 FHLMC 2849 CL PZ CMO 5.000 07 2033........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................604,197 ..................................................604,197 ................................................................<br />
31395F QC 1 FHLMC 2858 CL JN CMO 5.500 02 2033........................................................ ................ ...08/22/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................18,522,031 .............................................19,000,000 ....................................................75,472<br />
31395K Z2 2 FHLMC 2926 CL EW CMO 5.000 01 2025....................................................... ................ ...01/18/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................11,221,875 .............................................11,250,000 ....................................................35,937<br />
31395P R5 3 FHLMC 2951 CL MH CMO 5.500 03 2025....................................................... ................ ...05/13/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ...............................................5,764,375 ...............................................5,750,000 ....................................................13,177<br />
31395T 6J 8 FHLMC 2956 CL WG CMO 5.500 04 2035...................................................... ................ ...12/18/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... .............................................20,460,448 .............................................20,124,000 ....................................................67,639<br />
31395U AJ 0 FHLMC 2981 CL XZ CMO 5.000 03 2035........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................291,002 ..................................................291,002 ................................................................<br />
31396T GD 9 FHLMC 3169 CL VB CMO 6.000 11 2026........................................................ ................ ...07/22/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................22,814,922 .............................................23,000,000 ....................................................92,000<br />
31396R TX 5 FHLMC 3173 CL PE CMO 6.000 04 2035........................................................ ................ ...06/06/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ....................................................15,244 ....................................................15,000 ...........................................................25<br />
31397F Y2 2 FHLMC 3291 CL ND CMO 5.500 04 2035....................................................... ................ ...11/20/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................6,969,908 ...............................................7,167,000 ....................................................26,279<br />
31397H QZ 4 FHLMC 332 CL Z CMO 6.000 06 2037.......................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................635,514 ..................................................635,514 ................................................................<br />
31397H Y6 9 FHLMC 3329 CL HZ CMO 6.000 06 2037........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................713,810 ..................................................713,810 ................................................................<br />
31397J 2F 0 FHLMC 3331 CL BZ CMO 6.000 06 2037........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................1,390,251 ...............................................1,390,251 ................................................................<br />
31397H ND 6 FHLMC 3337 CL NZ CMO 6.000 06 2037........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................1,020,000 ...............................................1,020,000 ................................................................<br />
31397H NL 8 FHLMC 3337 CL PD CMO 5.500 09 2035....................................................... ................ ...11/18/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................7,568,286 ...............................................7,814,000 ....................................................23,876<br />
31397J XG 4 FHLMC 3344 CL GZ CMO 6.000 07 2037....................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................784,117 ..................................................784,117 ................................................................<br />
31397J UY 8 FHLMC 3349 CL DP CMO 6.000 09 2036....................................................... ................ ...10/31/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................19,600,000 .............................................20,000,000 ....................................................13,333<br />
31397P W3 0 FHLMC 3405 CL VB CMO 5.500 03 2029........................................................ ................ ...07/02/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................10,671,719 .............................................11,000,000 ....................................................11,764<br />
31397R CA 2 FHLMC 3416 CL GK CMO 4.000 07 2022....................................................... ................ ...03/11/2008..... MORGAN KEEGAN............................................................................................... ........................................................... ....................................................33,654 ....................................................34,472 ...........................................................50<br />
31397W WQ 4 FHLMC 3468 GW CMO 5.500 07 2038......................................................... ................ ...07/18/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................29,841,223 .............................................31,640,793 ..................................................145,020<br />
31397Y 6P 1 FHLMC 3484 CL YU CMO 5.500 08 2028....................................................... ................ ...08/14/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................10,430,499 .............................................10,921,988 ....................................................46,722<br />
31393Y WJ 0 FNMA REMIC PSTHRU TR 20 4.500 12 2030................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................2,212,444 ...............................................2,212,444 ................................................................<br />
31394D AQ 3 FNMA REMIC SER 2005-25 5.000 04 2035...................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................374,654 ..................................................374,654 ................................................................<br />
31394C DV 1 FNMA SER 2005-1 CL KZ C 5.000 02 2035....................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................745,565 ..................................................745,565 ................................................................<br />
31394D 6S 4 FNMA SER 2005-56 CL TZ 5.000 04 2023........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................869,385 ..................................................869,385 ................................................................<br />
31393C MU 4 FNMA 03-48 KH CMO 5.500 06 2033........................................................... ................ ...01/15/2008..... RBC CAPITAL MARKETS...................................................................................... ........................................................... .............................................11,949,375 .............................................12,000,000 ....................................................31,167<br />
31393D VP 3 FNMA 03-61 MV CMO 5.000 04 2023........................................................... ................ ...01/10/2008..... CANTOR FITZGERALD SECURITIES.................................................................. ........................................................... ...............................................8,296,029 ...............................................8,379,827 ....................................................16,294<br />
31394A JS 6 FNMA 04-50 ME CMO 5.500 03 2033........................................................... ................ ...08/28/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... .............................................22,690,938 .............................................23,000,000 ......................................................7,028<br />
31394C RJ 3 FNMA 05-17 XC CMO 5.000 03 2025........................................................... ................ ...01/09/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................17,866,337 .............................................18,260,070 ....................................................32,970<br />
31394C L2 6 FNMA 05-27 TD CMO 5.500 09 2033........................................................... ................ ...09/10/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................16,452,408 .............................................16,335,000 ....................................................34,939<br />
31394E AV 0 FNMA 05-51 ND CMO 5.500 11 2033........................................................... ................ ...08/08/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................11,964,898 .............................................12,212,000 ....................................................22,389<br />
31396W M7 8 FNMA 07-68 PC CMO 5.500 06 2036........................................................... ................ ...08/15/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... .............................................10,557,447 .............................................10,926,206 ....................................................31,716<br />
31396W P9 1 FNMA 07-74 ZL CMO 6.000 08 2037............................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................635,514 ..................................................635,514 ................................................................<br />
31397L H7 7 FNMA 08-63 ND CMO 5.500 07 2038........................................................... ................ ...08/29/2008..... INTER-COMPANY TRANSFER............................................................................. ........................................................... .............................................18,817,260 .............................................20,000,000 ....................................................85,556<br />
31397M QY 6 FNMA 08-75 GB CMO 6.000 09 2028........................................................... ................ ...07/24/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... .............................................17,849,688 .............................................18,000,000 ....................................................84,000<br />
31359P AR 7 FNMA 1997-24 ZA CMO 7.000 04 2027......................................................... ................ ...09/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................589,999 ..................................................589,999 ................................................................<br />
31359S FZ 8 FNMA 2001-4 CL ZA CMO 6.500 03 2031........................................................ ................ ...04/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................272,137 ..................................................272,137 ................................................................<br />
31393E X7 9 FNMA 2003-85 CL QC CMO 5.500 03 2033...................................................... ................ ...10/23/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................40,826,953 .............................................42,000,000 ..................................................173,250<br />
31396W NS 1 FNMA 2007-69 CL ZA CMO 6.000 07 2037....................................................... ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................635,514 ..................................................635,514 ................................................................<br />
31396W RM 0 FNMA 2007-70 CL Z CMO 5.500 07 2037........................................................ ................ ...12/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................443,797 ..................................................443,797 ................................................................<br />
3199999. Total - Bonds - Special Revenue and Special Assessments....................................................................................... .............................................................................................................................................................................................. ........................................1,263,150,568 ........................................1,277,300,931 ...............................................3,406,875<br />
Bonds - Public Utilities<br />
0010EQ AB 2 AEP TEXAS NORTH CO SR N 5.500 03 2013................................................... ................ ...05/09/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,370,547 ...............................................1,350,000 ....................................................15,056<br />
02360F AA 4 AMEREN UN ELEC FMB 5.100 10 2019....................................................... ................ ...01/11/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,695,642 ...............................................8,051,000 ..................................................119,759<br />
03040# AH 5 AMERICAN WATER CAP CORP 6.250 05 2018................................................ ................ ...05/15/2008..... RBS SECURITIES.................................................................................................. ........................................................... ...............................................3,000,000 ...............................................3,000,000 ................................................................<br />
048303 CD 1 ATLANTIC CITY ELECTRIC 7.750 11 2018...................................................... ................ ...11/06/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... ...............................................4,977,050 ...............................................5,000,000 ................................................................<br />
059172 AA 4 BALTIMORE GAS & ELECTRI 6.125 07 2013................................................... ................ ...06/23/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... ....................................................14,999 ....................................................15,000 ................................................................<br />
15189Y AC 0 CENTERPOINT ENERGY RES 6.150 05 2016................................................. ................ ...02/21/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................8,232,000 ...............................................8,000,000 ..................................................157,167<br />
15189Y AE 6 CENTERPOINT ENERGY RES 6.000 05 2018................................................. ................ ...05/15/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,977,555 ...............................................8,000,000 ................................................................<br />
15189W AC 4 CENTERPOINTE ENERGY RES 6.125 11 2017................................................ ................ ...05/13/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................4,988,150 ...............................................5,000,000 ....................................................12,760<br />
172070 CP 7 CINCINNATI GAS & ELEC C 5.400 06 2033...................................................... ................ ...02/04/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ...............................................1,745,840 ...............................................2,000,000 ....................................................15,600
E13.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
199575 AW 1 COLUMBUS SOUTHN PWR CO 6.050 05 2018............................................... ................ ...11/14/2008..... VARIOUS................................................................................................................ ........................................................... .............................................14,235,110 .............................................15,323,000 ..................................................143,730<br />
202795 HP 8 COMMONWEALTH EDISON CO 5.400 12 2011.............................................. ................ ...10/24/2008..... MERRILL LYNCH................................................................................................... ........................................................... ....................................................22,911 ....................................................25,000 .........................................................503<br />
202795 HT 0 COMMONWEALTH EDISON CO 6.450 01 2038.............................................. ................ ...01/09/2008..... MERRILL LYNCH................................................................................................... ........................................................... .............................................14,954,700 .............................................15,000,000 ................................................................<br />
207597 DW 2 CONNECTICUT LT & PWR CO 5.375 03 2017.................................................. ................ ...02/13/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ...............................................1,004,100 ...............................................1,000,000 ....................................................25,083<br />
207597 ED 3 CONNECTICUT LT & PWR CO 5.650 05 2018.................................................. ................ ...06/25/2008..... VARIOUS................................................................................................................ ........................................................... .............................................17,454,903 .............................................17,500,000 ....................................................36,254<br />
209111 ES 8 CONSOLIDATED EDISON CO 6.300 08 2037.................................................. ................ ...07/28/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,621,953 .............................................10,000,000 ..................................................279,125<br />
209111 EU 3 CONSOLIDATED EDISON CO 6.750 04 2038.................................................. ................ ...04/03/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................5,027,600 ...............................................5,000,000 ......................................................3,750<br />
209111 EV 1 CONSOLIDATED EDISON CO 7.125 12 2018.................................................. ................ ...12/19/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,081,230 ...............................................1,000,000 ......................................................3,958<br />
210518 CE 4 CONSUMERS ENERGY CO SER 5.500 08 2016.............................................. ................ ...02/13/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................5,068,380 ...............................................5,000,000 ......................................................3,056<br />
226829 AA 7 CROCKET COGENERATION SR 5.869 03 2025............................................... ................ ...01/03/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................14,713,448 .............................................15,837,759 ....................................................20,685<br />
250847 ED 8 DETROIT EDISON CO SER G 5.600 06 2018................................................... ................ ...06/04/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................4,997,743 ...............................................5,005,000 ................................................................<br />
25746U AW 9 DOMINION RESOURCES INC 5.150 07 2015.................................................. ................ ...01/28/2008..... BEAR STEARNS.................................................................................................... ........................................................... ...............................................6,892,072 ...............................................6,935,000 ....................................................15,873<br />
25746U BE 8 DOMINION RESOURCES INC 6.400 06 2018.................................................. ................ ...06/12/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................10,047,600 .............................................10,000,000 ................................................................<br />
25746U BB 4 DOMINION RESOURCES INC 5.600 11 2016.................................................. ................ ...01/15/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................10,180,200 .............................................10,000,000 ....................................................98,000<br />
26442C AB 0 DUKE ENERGY CAROLINAS L 6.000 01 2038.................................................. ................ ...02/11/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ...............................................5,035,700 ...............................................5,000,000 ....................................................28,333<br />
26442C AC 8 DUKE ENERGY CAROLINAS L 5.250 01 2018.................................................. ................ ...01/08/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................8,498,555 ...............................................8,500,000 ......................................................1,240<br />
26442C AF 1 DUKE ENERGY CAROLINAS L 5.750 11 2013.................................................. ................ ...12/18/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................45,550 ....................................................45,000 .........................................................115<br />
26442C AG 9 DUKE ENERGY CAROLINAS L 7.000 11 2018.................................................. ................ ...11/19/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................2,056,866 ...............................................2,005,000 ......................................................2,722<br />
263901 AA 8 DUKE ENERGY IND INC FMB 6.350 08 2038................................................... ................ ...08/26/2008..... VARIOUS................................................................................................................ ........................................................... .............................................21,957,590 .............................................22,000,000 ......................................................8,290<br />
341081 FA 0 FLORIDA POWER & LIGHT C 5.950 02 2038.................................................... ................ ...01/10/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................7,956,480 ...............................................8,000,000 ................................................................<br />
341099 CC 1 FLORIDA POWER CORP FMB 4.800 03 2013................................................. ................ ...01/16/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................8,151,600 ...............................................8,000,000 ..................................................150,400<br />
341099 CL 1 FLORIDA POWER CORP FMB 6.400 06 2038................................................. ................ ...06/19/2008..... VARIOUS................................................................................................................ ........................................................... .............................................12,063,520 .............................................12,000,000 ......................................................2,133<br />
454889 AK 2 INDIANA MICH PWR CO SER 5.050 11 2014.................................................... ................ ...01/25/2008..... BEAR STEARNS.................................................................................................... ........................................................... ...............................................3,467,835 ...............................................3,500,000 ....................................................36,823<br />
46507M AA 0 ISRAEL ELEC CORP LTD 14 7.250 01 2019..................................................... ................ ...05/01/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ...............................................4,991,550 ...............................................5,000,000 ................................................................<br />
450319 AA 6 ITC MIDWEST LLC SER A 1 6.150 01 2038...................................................... ................ ...01/15/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ...............................................4,984,950 ...............................................5,000,000 ................................................................<br />
494550 AG 1 KINDER MORGAN ENERGY PA 7.500 11 2010................................................ ................ ...11/17/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................24,559 ....................................................25,000 ...........................................................99<br />
494550 AQ 9 KINDER MORGAN ENERGY PA 7.300 08 2033................................................ ................ ...12/16/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ......................................................3,900 ......................................................5,000 .........................................................126<br />
494550 AY 2 KINDER MORGAN ENERGY PA 5.950 02 2018................................................ ................ ...02/05/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... .............................................14,469,695 .............................................14,500,000 ................................................................<br />
665501 AH 5 NORTHERN NATURAL GAS CO 5.750 07 2018............................................... ................ ...07/15/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................5,856,620 ...............................................6,000,000 ................................................................<br />
665789 AW 3 NORTHERN STS PWR CO WIS 6.375 09 2038................................................. ................ ...09/03/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................9,923,500 .............................................10,000,000 ................................................................<br />
667752 AB 5 NORTHWEST PIPELINE GP S 6.050 06 2018.................................................. ................ ...05/22/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................6,991,427 ...............................................7,000,000 ................................................................<br />
678858 BJ 9 OKLAHOMA GAS & ELEC CO 6.350 09 2018.................................................. ................ ...09/04/2008..... UBS WARBURG..................................................................................................... ........................................................... ...............................................4,982,250 ...............................................5,000,000 ................................................................<br />
694308 GC 5 PACIFIC GAS & ELECTRIC 4.200 03 2011....................................................... ................ ...03/03/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ......................................................7,084 ......................................................7,000 .............................................................4<br />
695114 BZ 0 PACIFICORP FMB 5.250 06 2035............................................................. ................ ...07/29/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................4,682,535 ...............................................5,500,000 ....................................................36,896<br />
695114 CD 8 PACIFICORP FMB 5.750 04 2037............................................................. ................ ...09/10/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,382,745 ...............................................1,500,000 ....................................................39,292<br />
695114 CJ 5 PACIFICORP FMB 6.350 07 2038............................................................. ................ ...07/24/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ...............................................4,912,450 ...............................................5,000,000 ....................................................10,583<br />
698525 AA 0 PANOCHE ENERGY CENTER L 6.885 07 2029................................................ ................ ...01/24/2008..... PARIBAS................................................................................................................ ........................................................... ...............................................7,000,000 ...............................................7,000,000 ................................................................<br />
693304 AL 1 PECO ENERGY CO FMB 5.350 03 2018...................................................... ................ ...02/25/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ...............................................3,998,272 ...............................................4,005,000 ................................................................<br />
737679 DB 3 POTOMAC ELECTRIC POWER 6.500 11 2037................................................ ................ ...03/24/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................2,907,510 ...............................................3,000,000 ....................................................73,125<br />
69351U AH 6 PPL ELEC UTILS CORP SR 6.450 08 2037...................................................... ................ ...08/12/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................6,950,930 ...............................................7,000,000 ................................................................<br />
69351U AL 7 PPL ELEC UTILS CORP SR 7.125 11 2013...................................................... ................ ...10/14/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................24,978 ....................................................25,000 ................................................................<br />
744448 CA 7 PUBLIC SERVCIE COLORADO 6.500 08 2038................................................. ................ ...08/06/2008..... VARIOUS................................................................................................................ ........................................................... .............................................14,576,880 .............................................14,500,000 ................................................................<br />
744448 CB 5 PUBLIC SVC CO COLORADO 5.800 08 2018.................................................. ................ ...10/29/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................3,174,150 ...............................................3,500,000 ....................................................45,111<br />
837004 CB 4 SOUTH CAROLINA ELEC & G 6.050 01 2038................................................... ................ ...06/18/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ...............................................4,761,150 ...............................................5,000,000 ..................................................133,604<br />
837004 CC 2 SOUTH CAROLINA ELEC & G 6.500 11 2018................................................... ................ ...09/25/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................4,986 ......................................................5,000 ................................................................<br />
842400 EB 5 SOUTHERN CALIFORNIA EDI 6.650 04 2029................................................... ................ ...02/07/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................13,584,006 .............................................12,948,000 ..................................................313,324<br />
842434 CH 3 SOUTHERN CALIFORNIA GAS 5.500 03 2014................................................. ................ ...11/18/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................1,996,980 ...............................................2,000,000 ................................................................<br />
89352H AE 9 TRANS-CANADA PIPELINES 7.250 08 2038................................................... ................ ...08/06/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................7,007,336 ...............................................7,010,000 ................................................................<br />
89346D AC 1 TRANSALTA CORP SR NT 6.650 05 2018..................................................... ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................15,015,840 .............................................15,000,000 ....................................................81,278<br />
89352H AC 3 TRANSCANADA PIPELINES L 6.350 05 2067................................................... ................ ...11/07/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ......................................................2,675 ......................................................5,000 .........................................................157<br />
89352H AA 7 TRANSCANADA PIPELINES L 4.000 06 2013................................................... ................ ...12/08/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ....................................................22,164 ....................................................25,000 .........................................................489<br />
89352H AB 5 TRANSCANADA PIPELINES L 5.850 03 2036................................................... ................ ...12/08/2008..... HSBC SECURITIES INC........................................................................................ ........................................................... ......................................................7,769 ....................................................10,000 .........................................................140<br />
89352H AD 1 TRANSCANADA PIPELINES L 6.200 10 2037................................................... ................ ...01/08/2008..... BEAR STEARNS.................................................................................................... ........................................................... ..................................................603,822 ..................................................600,000 ......................................................9,920<br />
893570 BY 6 TRANSCONTINENTAL GAS PI 6.050 06 2018.................................................. ................ ...05/20/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................6,370,190 ...............................................6,345,000 ......................................................1,066<br />
906548 CF 7 UNION ELECTRIC CO FMB 6.000 04 2018..................................................... ................ ...04/08/2008..... VARIOUS................................................................................................................ ........................................................... .............................................13,990,974 .............................................14,100,000 ................................................................<br />
906548 CA 8 UNION ELECTRIC CO SR SE 5.100 08 2018.................................................... ................ ...01/31/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................7,708,560 ...............................................8,000,000 ......................................................4,533<br />
906548 CE 0 UNION ELECTRIC CO SR SE 6.400 06 2017.................................................... ................ ...12/23/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................3,717,680 ...............................................4,000,000 ......................................................9,956<br />
906548 CG 5 UNION ELECTRIC CO SR SE 6.700 02 2019.................................................... ................ ...09/16/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................20,361 ....................................................20,000 .........................................................251<br />
927804 FD 1 VIRGINIA ELECTRIC & POW 5.100 11 2012..................................................... ................ ...12/09/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................9,381 ....................................................10,000 ...........................................................17<br />
927804 FF 6 VIRGINIA ELECTRIC & POW 5.400 04 2018..................................................... ................ ...04/14/2008..... UBS WARBURG..................................................................................................... ........................................................... ...............................................2,498,200 ...............................................2,500,000 ................................................................
E13.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
3899999. Total - Bonds - Public Utilities...................................................................................................................................... .............................................................................................................................................................................................. ...........................................403,705,488 ...........................................408,236,759 ...............................................1,940,386<br />
Bonds - Industrial and Miscellaneous<br />
N0021# AB 2 ABERTIS INFRAESTRUCTURA 4.910 12 2014................................................. F............. ...03/04/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................19,500,000 .............................................20,000,000 ..................................................294,600<br />
N0060# AB 4 ADIDAS INTL FIN BV SER 5.250 01 2011........................................................ F............. ...03/19/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................13,166,010 .............................................13,000,000 ..................................................155,458<br />
00855L AC 3 AGUA CALIENTE BAND CAHU 6.350 10 2015.................................................. ................ ...02/07/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................4,000,000 ...............................................4,000,000 ................................................................<br />
009163 AA 4 AIR PRODUCTS & CHEMICAL 4.150 02 2013.................................................. ................ ...02/01/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ...............................................7,985,760 ...............................................8,000,000 ................................................................<br />
02003M BQ 6 ALLSTATE LIFE GLOBAL FD 5.375 04 2013..................................................... ................ ...09/17/2008..... BB&T....................................................................................................................... ........................................................... ....................................................23,982 ....................................................25,000 .........................................................530<br />
026609 AM 9 AMERICAN HOME PRODUCTS 6.950 03 2011............................................... ................ ...02/26/2008..... RBC CAPITAL MARKETS...................................................................................... ........................................................... ....................................................43,072 ....................................................40,000 ......................................................1,266<br />
031100 C@ 7 AMETEK INC SER E SR NT 7.080 09 2018...................................................... ................ ...09/17/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................10,000,000 .............................................10,000,000 ................................................................<br />
031100 D* 8 AMETEK INC SER G SR NT 7.180 12 2018...................................................... ................ ...12/17/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................5,000,000 ...............................................5,000,000 ................................................................<br />
031162 AY 6 AMGEN INC BD 6.900 06 2038............................................................... ................ ...06/24/2008..... VARIOUS................................................................................................................ ........................................................... .............................................22,057,610 .............................................22,000,000 ....................................................97,750<br />
031162 AG 5 AMGEN INC SR NT 4.000 11 2009............................................................. ................ ...10/07/2008..... MIZUHO SECURITIES EQUITY............................................................................ ........................................................... ....................................................40,050 ....................................................40,000 .........................................................631<br />
031162 AV 2 AMGEN INC SR NT 5.850 06 2017............................................................. ................ ...07/25/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,859,792 .............................................11,000,000 ....................................................65,650<br />
031162 AW 0 AMGEN INC SR NT 6.375 06 2037............................................................. ................ ...10/22/2008..... VARIOUS................................................................................................................ ........................................................... .............................................12,091,918 .............................................15,025,000 ..................................................388,382<br />
031162 AX 8 AMGEN INC SR NT 6.150 06 2018............................................................. ................ ...06/10/2008..... VARIOUS................................................................................................................ ........................................................... .............................................15,029,900 .............................................15,000,000 ....................................................23,917<br />
031162 AJ 9 AMGEN INC SR NTS 4.850 11 2014........................................................... ................ ...10/08/2008..... CANTOR FITZGERALD SECURITIES.................................................................. ........................................................... ......................................................9,171 ....................................................10,000 .........................................................197<br />
037411 AR 6 APACHE CORP NT 6.000 01 2037............................................................ ................ ...08/25/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................6,766,410 ...............................................7,000,000 ....................................................50,167<br />
000000 00 0 ARAMARK CORP TRNCH B TE 5.636 01 2014................................................. ................ ...11/19/2008..... DIRECT WITH COMPANY..................................................................................... ........................................................... ......................................................7,303 ......................................................7,303 ................................................................<br />
03938L AC 8 ARCELORMITTAL SA LUXEMB 5.375 06 2013................................................. ................ ...12/08/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................17,625 ....................................................25,000 ...........................................................37<br />
03938L AF 1 ARCELORMITTAL SA LUXEMB 6.125 06 2018................................................. ................ ...10/10/2008..... VARIOUS................................................................................................................ ........................................................... .............................................19,993,729 .............................................20,025,000 ....................................................23,205<br />
03938L AA 2 ARCELORMITTAL SA LUXEMB 5.375 06 2013................................................. ................ ...05/27/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,023,300 .............................................10,000,000 ................................................................<br />
039483 AX 0 ARCHER DANIELS MIDLAND 6.450 01 2038................................................... ................ ...02/14/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................5,053,350 ...............................................5,000,000 ....................................................61,813<br />
039483 AY 8 ARCHER DANIELS MIDLAND 5.450 03 2018................................................... ................ ...12/17/2008..... VARIOUS................................................................................................................ ........................................................... .............................................12,665,461 .............................................12,590,000 ....................................................52,718<br />
039483 AM 4 ARCHER DANIELS MIDLAND 7.500 03 2027................................................... ................ ...07/28/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,993,522 ...............................................7,500,000 ..................................................207,428<br />
039483 AU 6 ARCHER DANIELS MIDLAND 5.375 09 2035................................................... ................ ...08/26/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,572,540 ...............................................9,000,000 ..................................................198,278<br />
046353 AD 0 ASTRAZENECA PLC NT 6.450 09 2037....................................................... ................ ...12/10/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ......................................................5,079 ......................................................5,000 ...........................................................81<br />
00206R AM 4 AT&T INC GLBL NT 5.600 05 2018............................................................. ................ ...09/30/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................19,459 ....................................................20,000 .........................................................109<br />
00209A AG 1 AT&T WIRELESS SERVICES 8.125 05 2012................................................... ................ ...10/16/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ......................................................9,740 ....................................................10,000 .........................................................384<br />
04962V AH 2 ATRIUM COMPANIES INC SR 11.000 12 2012.................................................. ................ ...12/15/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,254,375 .............................................10,767,070 ................................................................<br />
057224 AX 5 BAKER HUGHES INC SR NT 6.500 11 2013.................................................... ................ ...10/23/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................7,980,960 ...............................................8,000,000 ................................................................<br />
057224 AY 3 BAKER HUGHES INC SR NT 7.500 11 2018.................................................... ................ ...11/21/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,556,380 .............................................10,500,000 ....................................................23,333<br />
06051G DW 6 BANK AMER FDG CORP NT 4.900 05 2013.................................................... ................ ...10/16/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................47,357 ....................................................50,000 ......................................................1,097<br />
06050T KN 1 BANK AMER NA CHARLOTTE 5.300 03 2017................................................. ................ ...12/18/2008..... DAIN RAUSCHER WESSELS............................................................................... ........................................................... ......................................................4,818 ......................................................5,000 ...........................................................72<br />
060505 BF 0 BANK AMERICA CORP SR NT 4.375 12 2010.................................................. ................ ...10/27/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................22,369 ....................................................23,000 .........................................................405<br />
060505 AU 8 BANK OF AMERICA CORP BD 5.125 11 2014.................................................. ................ ...10/20/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................9,224 ....................................................10,000 .........................................................205<br />
06406H BK 4 BANK OF NEW YORK CO MTN 5.125 08 2013................................................. ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................53,049 ....................................................53,000 ...........................................................28<br />
06406H AY 5 BANK OF NEW YORK NTS 4.950 01 2011..................................................... ................ ...10/27/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................49,457 ....................................................50,000 .........................................................705<br />
054937 AF 4 BB&T CORP SB NT 5.250 11 2019............................................................ ................ ...07/21/2008..... BB&T....................................................................................................................... ........................................................... ....................................................12,458 ....................................................15,000 .........................................................182<br />
054937 AG 2 BB&T CORP SUB NTS 4.900 06 2017......................................................... ................ ...09/11/2008..... BB&T....................................................................................................................... ........................................................... ......................................................4,214 ......................................................5,000 ...........................................................52<br />
054937 AC 1 BB&T CORPORATION SB NT 6.500 08 2011................................................... ................ ...09/17/2008..... BB&T....................................................................................................................... ........................................................... ....................................................24,849 ....................................................25,000 .........................................................230<br />
08863@ AA 5 BGC PARTNERS SR NT 5.190 04 2010....................................................... ................ ...04/01/2008..... EXCHANGED......................................................................................................... ........................................................... ...............................................6,449,540 ...............................................6,600,000 ................................................................<br />
000000 00 0 BIG WEST OIL LLC TRNCH 4.471 05 2014...................................................... ................ ...06/24/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................2,750,000 ...............................................2,750,000 ................................................................<br />
055482 AJ 2 BJ SERVICES CO SR NT 6.000 06 2018........................................................ ................ ...05/19/2008..... VARIOUS................................................................................................................ ........................................................... .............................................16,985,310 .............................................17,000,000 ................................................................<br />
Q1403* AB 9 BLUESCOPE STEEL (FINANC 5.740 07 2014.................................................. F............. ...07/17/2008..... VARIOUS................................................................................................................ ........................................................... .............................................16,396,097 .............................................17,000,000 ....................................................43,369<br />
Q1403* AD 5 BLUESCOPE STEEL (FINANC 6.710 06 2018.................................................. F............. ...07/01/2008..... VARIOUS................................................................................................................ ........................................................... .............................................26,085,000 .............................................26,000,000 ................................................................<br />
099514 A@ 0 BORAL LTD GTD SR NT 7.120 04 2018........................................................ F............. ...04/16/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................25,000,000 .............................................25,000,000 ................................................................<br />
10138M AH 8 BOTTLING GROUP LLC GTD 6.950 03 2014................................................... ................ ...12/08/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ....................................................56,030 ....................................................55,000 .........................................................142<br />
05565Q BF 4 BP CAPITAL MARKETS PLC 5.250 11 2013.................................................... ................ ...12/08/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ....................................................15,241 ....................................................15,000 ...........................................................74<br />
10468* AA 2 BRADY CORP SR NTS 5.140 06 2014......................................................... ................ ...12/02/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ...............................................6,042,857 ...............................................6,428,571 ..................................................160,625<br />
10513K AB 0 BRANCH BKG & TR CO WILS 3.138 09 2016................................................... ................ ...03/13/2008..... DIRECT WITH SIGMA FINANCE INC................................................................... ........................................................... .............................................35,000,000 .............................................35,000,000 ....................................................15,495<br />
118230 AA 9 BUCKEYE PARTNERS LP SR 4.625 07 2013.................................................. ................ ...06/19/2008..... SUNTRUST............................................................................................................ ........................................................... ..................................................710,025 ..................................................750,000 ....................................................15,320<br />
118230 AG 6 BUCKEYE PARTNERS LP SR 6.050 01 2018.................................................. ................ ...01/08/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................12,000,000 .............................................12,000,000 ................................................................<br />
G1744# AE 8 CADOGAN ESTATES LTD SER 6.450 08 2018................................................. F............. ...08/07/2008..... RBS SECURITIES.................................................................................................. ........................................................... .............................................10,000,000 .............................................10,000,000 ................................................................<br />
136385 AN 1 CANADIAN NAT RESOURCES 5.900 02 2018................................................. ................ ...02/13/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ...............................................4,044,920 ...............................................4,000,000 ....................................................20,978<br />
136385 AL 5 CANADIAN NATURAL RESOUR 6.250 03 2038................................................ ................ ...02/11/2008..... BEAR STEARNS.................................................................................................... ........................................................... ...............................................9,510,400 .............................................10,000,000 ..................................................258,681<br />
14912L 3U 3 CATERPILLAR FIN SVCS CO 5.450 04 2018.................................................... ................ ...07/31/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................3,950,400 ...............................................4,000,000 ....................................................77,511<br />
14911R AJ 8 CATERPILLAR FINL SERV C 4.625 06 2015..................................................... ................ ...02/11/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ...............................................5,006,466 ...............................................5,100,000 ....................................................47,830<br />
149123 BP 5 CATERPILLAR INC NT 7.000 12 2013.......................................................... ................ ...12/02/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................14,996 ....................................................15,000 ................................................................<br />
149123 BQ 3 CATERPILLAR INC NT 7.900 12 2018.......................................................... ................ ...12/02/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................14,975 ....................................................15,000 ................................................................
E13.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
125509 BK 4 CIGNA CORP SR NT 6.350 03 2018........................................................... ................ ...03/04/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ...............................................8,989,920 ...............................................9,000,000 ................................................................<br />
172967 EU 1 CITIGROUP INC GLBL SR N 6.500 08 2013...................................................... ................ ...10/16/2008..... VARIOUS................................................................................................................ ........................................................... ..................................................103,633 ..................................................105,000 .........................................................298<br />
189054 AF 6 CLOROX CO NTS 5.000 01 2015............................................................. ................ ...05/13/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................6,641,010 ...............................................6,900,000 ....................................................92,125<br />
189054 AQ 2 CLOROX CO SR NT 5.000 03 2013........................................................... ................ ...02/27/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................7,984,320 ...............................................8,000,000 ................................................................<br />
191219 AU 8 COCA COLA ENTERPRISES 6.750 09 2023................................................... ................ ...07/28/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,236,144 ...............................................8,864,000 ..................................................221,046<br />
19238V A# 2 COGECO CABLE INC SER A 7.000 10 2015.................................................... I............... ...10/01/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................25,000,000 .............................................25,000,000 ................................................................<br />
20030N AH 4 COMCAST CORP NT 5.450 11 2010.......................................................... ................ ...12/15/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................14,760 ....................................................15,000 ...........................................................75<br />
20030N AR 2 COMCAST CORP NT 5.875 02 2018.......................................................... ................ ...12/16/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................14,425 ....................................................15,000 .........................................................292<br />
202795 HK 9 COMMONWEALTH EDISON CO 5.900 03 2036.............................................. ................ ...12/17/2008..... UBS WARBURG..................................................................................................... ........................................................... ......................................................3,986 ......................................................5,000 ...........................................................79<br />
20557# AE 1 COMPUTERSHARE US GTD SR 6.340 07 2018............................................... ................ ...07/30/2008..... VARIOUS................................................................................................................ ........................................................... .............................................31,216,966 .............................................31,000,000 ................................................................<br />
20825C AN 4 CONOCOPHILLIPS GTD NT 5.201 05 2018.................................................... ................ ...08/29/2008..... INTER-COMPANY TRANSFER............................................................................. ........................................................... ...............................................4,005,976 ...............................................4,000,000 ....................................................64,146<br />
22303Q AE 0 COVIDIEN INTL FIN SA GT 5.150 10 2010........................................................ ................ ...12/09/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................39,192 ....................................................40,000 .........................................................326<br />
22303Q AF 7 COVIDIEN INTL FIN SA SR 5.450 10 2012........................................................ ................ ...05/13/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................2,645,084 ...............................................2,600,000 ....................................................12,202<br />
22303Q AG 5 COVIDIEN INTL FIN SA SR 6.000 10 2017........................................................ ................ ...09/04/2008..... VARIOUS................................................................................................................ ........................................................... .............................................44,149,059 .............................................43,275,000 ..................................................880,567<br />
22303Q AH 3 COVIDIEN INTL FIN SA SR 6.550 10 2037........................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................................... .............................................17,022,362 .............................................17,030,000 ..................................................284,139<br />
22822* AB 6 CROWN CCR HLDGS GP SER 7.580 08 2018................................................. ................ ...08/12/2008..... VARIOUS................................................................................................................ ........................................................... .............................................24,918,000 .............................................25,000,000 ................................................................<br />
126650 AU 4 CVS CAREMARK CORP SR NT 4.000 09 2009................................................ ................ ...12/15/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................39,840 ....................................................40,000 .........................................................413<br />
126650 BH 2 CVS CAREMARK CORP SR NT 5.750 06 2017................................................ ................ ...10/17/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................12,076 ....................................................15,000 .........................................................330<br />
126650 AV 2 CVS CORP NT 4.875 09 2014................................................................ ................ ...03/10/2008..... JP MORGAN.......................................................................................................... ........................................................... ......................................................4,961 ......................................................5,000 .........................................................121<br />
246688 AF 2 DELHAIZE AMERICA INC NT 9.000 04 2031..................................................... ................ ...11/14/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................18,043 ....................................................17,000 .........................................................394<br />
24668P AB 3 DELHAIZE GROUP SA SR NT 6.500 06 2017................................................... ................ ...12/17/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................4,549 ......................................................5,000 .............................................................6<br />
D1769@ AA 1 DEUTSCHE BORSE AG SER A 5.520 06 2015................................................. F............. ...06/12/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... .............................................20,000,000 .............................................20,000,000 ................................................................<br />
D1769@ AB 9 DEUTSCHE BORSE AG SER B 5.860 06 2018................................................. F............. ...06/12/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... .............................................30,000,000 .............................................30,000,000 ................................................................<br />
25156P AB 9 DEUTSCHE TELEKOM INTL F 8.000 06 2010................................................... ................ ...10/27/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................24,440 ....................................................25,000 .........................................................797<br />
25156P AC 7 DEUTSCHE TELEKOM INTL F 8.250 06 2030................................................... ................ ...12/10/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................20,529 ....................................................20,000 .........................................................272<br />
25243Y AM 1 DIAGEO CAPITAL PLC NT 5.750 10 2017....................................................... ................ ...12/12/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................13,905 ....................................................15,000 .........................................................129<br />
254687 AW 6 DISNEY WALT CO GLBL NT 4.500 12 2013..................................................... ................ ...12/17/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................7,922,080 ...............................................8,000,000 ................................................................<br />
257469 AF 3 DOMINION RESOURCES INC 5.700 09 2012.................................................. ................ ...04/18/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................2,463,212 ...............................................2,386,000 ....................................................13,401<br />
260003 AG 3 DOVER CORP BD 6.600 03 2038............................................................. ................ ...08/25/2008..... VARIOUS................................................................................................................ ........................................................... .............................................32,608,010 .............................................31,000,000 ..................................................878,900<br />
260003 AC 2 DOVER CORP DB 6.650 06 2028............................................................. ................ ...12/16/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ...............................................8,356,960 ...............................................8,000,000 ....................................................26,600<br />
260003 AH 1 DOVER CORP SR NT 5.450 03 2018.......................................................... ................ ...11/26/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,954,500 ...............................................8,000,000 ..................................................159,867<br />
26138E AA 7 DR PEPPER SNAPPLE GROUP 6.120 05 2013................................................ ................ ...04/29/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................25,475 ....................................................25,000 .............................................................9<br />
26138E AC 3 DR PEPPER SNAPPLE GROUP 6.820 05 2018................................................ ................ ...08/19/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................25,532 ....................................................25,000 .........................................................121<br />
263534 BG 3 DU PONT E I DE NEMOURS 6.500 01 2028..................................................... ................ ...07/31/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................5,136,108 ...............................................5,000,000 ......................................................9,028<br />
263534 BR 9 DU PONT E I DE NEMOURS 5.600 12 2036..................................................... ................ ...08/25/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................2,763,930 ...............................................3,000,000 ....................................................34,067<br />
263534 BT 5 DUPONT EI DE NEMOURS & 6.000 07 2018................................................... ................ ...08/26/2008..... VARIOUS................................................................................................................ ........................................................... .............................................53,782,925 .............................................53,500,000 ....................................................70,833<br />
263534 BV 0 DUPONT EI DE NEMOURS & 5.875 01 2014................................................... ................ ...12/09/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,244,138 ...............................................1,250,000 ................................................................<br />
28257V AC 6 EIRLES THREE LTD CL C S 5.930 12 2019...................................................... ................ ...03/07/2008..... HEDGE ADJUSTMENT.......................................................................................... ........................................................... ..................................................781,000 ................................................................ ................................................................<br />
29250R AC 0 ENBRIDGE ENERGY PARTNER 4.750 06 2013............................................... ................ ...04/30/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,206,638 ...............................................1,250,000 ....................................................25,399<br />
29250R AN 6 ENBRIDGE ENERGY PARTNER 6.500 04 2018............................................... ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................20,324,070 .............................................20,000,000 ..................................................276,069<br />
292505 AB 0 ENCANA CORP NT 4.750 10 2013............................................................ ................ ...04/03/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................1,232,650 ...............................................1,250,000 ....................................................28,533<br />
29379V AC 7 ENTERPRISE PRODS OPER L 6.500 01 2019................................................. ................ ...04/30/2008..... VARIOUS................................................................................................................ ........................................................... .............................................25,072,189 .............................................25,008,000 ....................................................28,889<br />
293791 AD 1 ENTERPRISE PRODS OPERAT 6.375 02 2013................................................ ................ ...10/09/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................31,814 ....................................................35,000 .........................................................459<br />
26875P AA 9 EOG RES INC SR NT 5.875 09 2017........................................................... ................ ...09/03/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................8,446,517 ...............................................8,410,000 ..................................................230,093<br />
294549 AR 1 EQUITABLE RESOURCES INC 6.500 04 2018................................................. ................ ...06/13/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,693,110 ...............................................9,500,000 ..................................................145,799<br />
29481# AC 7 ERGON INC GTD SR NT 5.500 05 2018........................................................ ................ ...05/20/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................14,000,000 .............................................14,000,000 ................................................................<br />
29736R AD 2 ESTEE LAUDER CO INC SR 7.750 11 2013..................................................... ................ ...10/30/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................4,996,600 ...............................................5,000,000 ................................................................<br />
29736R AB 6 ESTEE LAUDER COS INC SR 5.550 05 2017................................................... ................ ...07/25/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................9,627,700 .............................................10,000,000 ..................................................115,625<br />
29736R AC 4 ESTEE LAUEDER CO INC SR 6.000 05 2037................................................... ................ ...09/10/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................8,985,300 .............................................10,000,000 ..................................................185,833<br />
303250 B@ 2 FAIR ISAAC CORP SER D S 7.180 05 2018...................................................... ................ ...05/07/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................30,000,000 .............................................30,000,000 ................................................................<br />
34487* AA 9 FOOTBALL CLUB TERM NOTE 6.110 11 2018................................................. ................ ...11/12/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................18,000,000 .............................................18,000,000 ................................................................<br />
35177P AK 3 FRANCE TELECOM NTS 7.750 03 2011...................................................... ................ ...02/20/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................18,420 ....................................................17,000 .........................................................637<br />
36077B AA 5 FUND AMERICAN COS INC N 5.875 05 2013................................................... ................ ...05/09/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ...............................................1,474,932 ...............................................1,492,000 ....................................................43,584<br />
36962G 3P 7 GENERAL ELECTRIC CAP CO 5.875 01 2038.................................................. ................ ...10/01/2008..... VARIOUS................................................................................................................ ........................................................... .............................................28,034,286 .............................................29,005,000 ....................................................61,918<br />
36962G 3U 6 GENERAL ELECTRIC CAP CO 5.625 05 2018.................................................. ................ ...12/23/2008..... VARIOUS................................................................................................................ ........................................................... .............................................32,878,726 .............................................33,035,000 ..................................................300,547<br />
370334 BE 3 GENERAL MILLS INC NT 5.650 09 2012........................................................ ................ ...10/17/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................13,763 ....................................................15,000 ...........................................................99<br />
361652 A* 1 GFI GROUP INC SR SEC NT 7.442 01 2013..................................................... ................ ...03/07/2008..... VARIOUS................................................................................................................ ........................................................... .............................................26,022,000 .............................................25,500,000 ................................................................<br />
377372 AA 5 GLAXOSMITHKLINE CAP INC 4.375 04 2014................................................... ................ ...09/22/2008..... GREENWICH CAPITAL MARKETS INC............................................................... ........................................................... ......................................................4,790 ......................................................5,000 ...........................................................97<br />
377372 AC 1 GLAXOSMITHKLINE CAP INC 4.850 05 2013................................................... ................ ...05/06/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ....................................................29,937 ....................................................30,000 ................................................................
E13.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
377372 AD 9 GLAXOSMITHKLINE CAP INC 5.650 05 2018................................................... ................ ...09/05/2008..... VARIOUS................................................................................................................ ........................................................... .............................................34,300,691 .............................................34,020,000 ..................................................343,237<br />
377372 AE 7 GLAXOSMITHKLINE CAP INC 6.375 05 2038................................................... ................ ...08/27/2008..... VARIOUS................................................................................................................ ........................................................... .............................................61,945,970 .............................................62,000,000 ..................................................786,781<br />
37930E AG 1 GLITNIR BANKI HF SR NT 7.320 01 2013........................................................ ................ ...03/07/2008..... VARIOUS................................................................................................................ ........................................................... .............................................17,850,000 .............................................17,500,000 ................................................................<br />
38141G CG 7 GOLDMAN SACHS GROUP INC 5.700 09 2012................................................ ................ ...12/15/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................30,738 ....................................................35,000 .........................................................268<br />
38141G FG 4 GOLDMAN SACHS GROUP INC 5.950 01 2018................................................ ................ ...09/23/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ......................................................4,170 ......................................................5,000 ...........................................................56<br />
38141G FM 1 GOLDMAN SACHS GROUP INC 6.150 04 2018................................................ ................ ...10/17/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................23,387 ....................................................25,000 ...........................................................36<br />
40049J AX 5 GRUPO TELEVISA SA SR NT 6.000 05 2018................................................... ................ ...05/12/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,770,507 ...............................................7,800,000 ................................................................<br />
38141G AZ 7 GS 6.8750 01/15/11 6.875 01 2011................................................................ ................ ...12/08/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ......................................................4,944 ......................................................5,000 .........................................................139<br />
406216 AW 1 HALLIBURTON CO SR NT 6.700 09 2038...................................................... ................ ...09/09/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................19,999,800 .............................................20,000,000 ................................................................<br />
416515 AW 4 HARTFORD FINL SVCS GRP 8.125 06 2068................................................... ................ ...06/20/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................14,843 ....................................................15,000 ...........................................................26<br />
423012 A* 4 HEINEKEN NV SER A SR NT 5.860 08 2015..................................................... F............. ...08/15/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................10,000,000 .............................................10,000,000 ................................................................<br />
42823# AH 6 HEWITT ASSOCIATES LLC S 6.570 08 2015.................................................... ................ ...08/21/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................5,000,000 ...............................................5,000,000 ................................................................<br />
42823# AJ 2 HEWITT ASSOCIATES LLC S 6.980 08 2018.................................................... ................ ...08/21/2008..... VARIOUS................................................................................................................ ........................................................... .............................................11,981,500 .............................................12,000,000 ................................................................<br />
438516 AT 3 HONEYWELL INTL INC BD 5.700 03 2037...................................................... ................ ...08/27/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................17,431,675 .............................................18,850,000 ..................................................450,957<br />
438516 AX 4 HONEYWELL INTL INC SR N 5.300 03 2018..................................................... ................ ...02/26/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................3,985,560 ...............................................4,000,000 ................................................................<br />
438516 AR 7 HONEYWELL INTL SR NT 5.700 03 2036....................................................... ................ ...08/05/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................3,693,880 ...............................................4,000,000 ....................................................90,567<br />
448055 AC 7 HUSKY ENERGY INC NT 6.200 09 2017....................................................... ................ ...02/13/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................2,080,660 ...............................................2,000,000 ....................................................54,422<br />
459200 GN 5 IBM CORP GLBL NT 6.500 10 2013............................................................ ................ ...10/28/2008..... VARIOUS................................................................................................................ ........................................................... .............................................13,699,774 .............................................13,300,000 ....................................................29,719<br />
45974V B8 0 INTL LEASE FIN CORP MTN 6.625 11 2013..................................................... ................ ...10/02/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................26,960 ....................................................35,000 .........................................................598<br />
459745 FG 5 INTL LEASE FINANCE CO N 5.875 05 2013..................................................... ................ ...10/16/2008..... VARIOUS................................................................................................................ ........................................................... ......................................................8,315 ....................................................13,000 .........................................................360<br />
46051M AD 4 INTL TRANSMISSION CO 14 5.750 04 2018..................................................... ................ ...04/04/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................8,460,791 ...............................................8,500,000 ......................................................2,396<br />
46625H GY 0 JP MORGAN CHASE & CO NT 6.000 01 2018.................................................. ................ ...12/11/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................14,997 ....................................................15,000 .........................................................303<br />
486606 A* 7 KAYNE ANDERSON MLP INV 5.645 06 2011.................................................. ................ ...06/19/2008..... CITIGROUP GLOBAL MARKETS.......................................................................... ........................................................... .............................................17,000,000 .............................................17,000,000 ................................................................<br />
486606 B@ 4 KAYNE ANDERSON MLP INV 5.991 06 2013.................................................. ................ ...06/19/2008..... CITIGROUP GLOBAL MARKETS.......................................................................... ........................................................... .............................................10,000,000 .............................................10,000,000 ................................................................<br />
487836 AZ 1 KELLOGG CO SR NT 5.125 12 2012.......................................................... ................ ...08/26/2008..... BONY CAPITAL MARKETS................................................................................... ........................................................... ...............................................2,033,260 ...............................................2,000,000 ....................................................24,486<br />
494368 BD 4 KIMBERLY CLARK CORP SR 7.500 11 2018................................................... ................ ...10/30/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ...............................................4,981,700 ...............................................5,000,000 ................................................................<br />
494368 AS 2 KIMBERLY-CLARK CORP DB 6.375 01 2028................................................... ................ ...07/03/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................3,240,221 ...............................................3,260,000 ......................................................1,155<br />
494550 AS 5 KINDER MORGAN ENERGY PA 5.125 11 2014................................................ ................ ...02/14/2008..... BEAR STEARNS.................................................................................................... ........................................................... ...............................................4,862,600 ...............................................5,000,000 ....................................................67,622<br />
494550 AT 3 KINDER MORGAN ENERGY PA 5.800 03 2035................................................ ................ ...12/15/2008..... MERRILL LYNCH................................................................................................... ........................................................... ......................................................6,550 ....................................................10,000 .........................................................150<br />
494550 AW 6 KINDER MORGAN ENERGY PA 6.950 01 2038................................................ ................ ...06/03/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ...............................................5,019,568 ...............................................5,015,000 ....................................................26,471<br />
48268@ AG 9 KPMG LLP SER 2008 SR NT 6.250 07 2015..................................................... ................ ...07/15/2008..... VARIOUS................................................................................................................ ........................................................... .............................................45,069,034 .............................................45,000,000 ................................................................<br />
50075N AU 8 KRAFT FOODS INC NT 6.125 02 2018......................................................... ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................20,115,160 .............................................20,000,000 ..................................................256,740<br />
501044 CA 7 KROGER CO GTD SR NT 6.800 04 2011...................................................... ................ ...12/22/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................15,361 ....................................................15,000 .........................................................241<br />
501044 CK 5 KROGER CO SR NT 6.900 04 2038........................................................... ................ ...12/05/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ......................................................9,481 ....................................................10,000 .........................................................105<br />
501044 CL 3 KROGER COMPANY SR NT 7.500 01 2014................................................... ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................45,340 ....................................................45,000 ...........................................................50<br />
523352 A@ 1 LEE & MAN PAPER MFG LTD 6.810 01 2018................................................... F............. ...01/15/2008..... RBS SECURITIES.................................................................................................. ........................................................... .............................................21,000,000 .............................................21,000,000 ................................................................<br />
Q5516@ AA 4 LEIGHTON FIN LTD SER A 6.910 10 2013....................................................... F............. ...10/15/2008..... RBS SECURITIES.................................................................................................. ........................................................... ...............................................2,000,000 ...............................................2,000,000 ................................................................<br />
Q5516@ AC 0 LEIGHTON FIN LTD SER C 7.660 10 2018....................................................... F............. ...10/15/2008..... RBS SECURITIES.................................................................................................. ........................................................... .............................................30,000,000 .............................................30,000,000 ................................................................<br />
000000 00 0 LUCITE INTL US FINCO LL 5.500 09 2013........................................................ ................ ...12/01/2008..... VARIOUS................................................................................................................ ........................................................... ................................................................ ....................................................10,158 ................................................................<br />
55068# AE 9 LUXOTTICA U.S. HLDGS SE 6.420 07 2015..................................................... ................ ...07/01/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................12,000,000 .............................................12,000,000 ................................................................<br />
55068# AF 6 LUXOTTICA U.S. HLDGS SE 6.770 07 2018..................................................... ................ ...07/01/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................13,000,000 .............................................13,000,000 ................................................................<br />
564905 B* 7 MAPLE LEAF FOODS INC SE 5.610 12 2014................................................... I............... ...01/11/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... .............................................14,145,620 .............................................14,500,000 ..................................................142,354<br />
565849 AF 3 MARATHON OIL CORP NT 5.900 03 2018..................................................... ................ ...03/18/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................4,032,040 ...............................................4,000,000 ......................................................4,589<br />
57143* AB 4 MARQUEE CINEMAS INC SR 11.000 10 2013.................................................. ................ ...07/08/2008..... VARIOUS................................................................................................................ ........................................................... ..................................................255,567 ...............................................1,280,557 ................................................................<br />
57169* AJ 6 MARS INC SER B SR NT 6.470 10 2018........................................................ ................ ...10/06/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................48,000,000 .............................................48,000,000 ................................................................<br />
58013M EB 6 MCDONALDS CORP MTN 5.800 10 2017.................................................... ................ ...08/27/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................7,187,880 ...............................................7,000,000 ..................................................154,506<br />
58013M EC 4 MCDONALDS CORP MTN 6.300 10 2037.................................................... ................ ...08/05/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................5,947,860 ...............................................6,000,000 ..................................................118,650<br />
58013M EE 0 MCDONALDS CORP MTN 5.350 03 2018.................................................... ................ ...02/26/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................14,498,840 .............................................14,500,000 ................................................................<br />
589331 AD 9 MERCK & CO INC DB 6.400 03 2028........................................................... ................ ...07/18/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................10,153,800 .............................................10,000,000 ..................................................252,444<br />
59156R AR 9 METLIFE INC SER A SR DB 6.817 08 2018...................................................... ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................28,178 ....................................................30,000 .........................................................329<br />
61166W AE 1 MONSANTO CO SR NT 5.500 08 2025........................................................ ................ ...08/19/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,048,800 .............................................10,000,000 ......................................................6,111<br />
617446 HR 3 MORGAN STANLEY CO GLBL 5.300 03 2013................................................. ................ ...10/17/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................54,438 ....................................................65,000 .........................................................360<br />
61746S BC 2 MORGAN STANLEY NTS 4.000 01 2010...................................................... ................ ...12/15/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ....................................................13,475 ....................................................14,000 .........................................................238<br />
629527 AU 6 NABISCO INC DB 7.550 06 2015.............................................................. ................ ...05/19/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................5,438,850 ...............................................5,000,000 ..................................................161,486<br />
629568 AQ 9 NABORS INDS INC GTD SR 6.150 02 2018..................................................... ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................20,634,064 .............................................20,000,000 ..................................................280,508<br />
63615# AG 6 NATIONAL FOOTALL LEAGUE 5.600 03 2024.................................................. ................ ...04/15/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................9,000,000 ...............................................9,000,000 ................................................................<br />
63615# AD 3 NATIONAL FOOTBALL LEAGU 5.600 03 2024.................................................. ................ ...02/25/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................12,000,000 .............................................12,000,000 ................................................................<br />
637432 KT 1 NATIONAL RURAL UTIL COO 5.450 02 2018.................................................... ................ ...05/01/2008..... VARIOUS................................................................................................................ ........................................................... .............................................21,955,940 .............................................22,000,000 ....................................................77,965<br />
65334H AF 9 NEXEN INC NT 5.650 05 2017................................................................. ................ ...10/29/2008..... JP MORGAN.......................................................................................................... ........................................................... ......................................................3,882 ......................................................5,000 .........................................................132<br />
68278# AB 4 ONESTEEL US INV 2008A T 7.330 07 2018...................................................... ................ ...07/09/2008..... VARIOUS................................................................................................................ ........................................................... .............................................40,290,673 .............................................40,000,000 ................................................................
E13.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
68389X AC 9 ORACLE CORP NT 5.750 04 2018............................................................ ................ ...12/11/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................28,807 ....................................................30,000 .........................................................479<br />
68389X AD 7 ORACLE CORP NT 4.950 04 2013............................................................ ................ ...04/03/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................1,313,907 ...............................................1,300,000 ................................................................<br />
68389X AE 5 ORACLE CORP NT 6.500 04 2038............................................................ ................ ...07/24/2008..... VARIOUS................................................................................................................ ........................................................... .............................................19,116,754 .............................................19,195,000 ..................................................381,234<br />
695114 BU 1 PACIFICORP FMB 6.900 11 2011............................................................. ................ ...12/22/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ....................................................26,409 ....................................................25,000 .........................................................196<br />
695114 CH 9 PACIFICORP FMB 5.650 07 2018............................................................. ................ ...07/31/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ...............................................1,993,320 ...............................................2,000,000 ......................................................5,650<br />
70109H AH 8 PARKER-HANNIFIN CORP MT 5.500 05 2018.................................................. ................ ...05/13/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ...............................................9,976,500 .............................................10,000,000 ................................................................<br />
70109H AJ 4 PARKER-HANNIFIN CORP MT 6.250 05 2038.................................................. ................ ...06/20/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ..................................................996,030 ...............................................1,000,000 ......................................................6,771<br />
693304 AD 9 PECO ENERGY CO FMB 4.750 10 2012...................................................... ................ ...06/27/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ..................................................857,420 ..................................................860,000 ....................................................10,326<br />
C7208# AE 8 PENGROWTH CORP SER A SR 6.980 08 2018............................................... I............... ...08/21/2008..... VARIOUS................................................................................................................ ........................................................... .............................................19,930,000 .............................................20,000,000 ................................................................<br />
713448 BJ 6 PEPSICO INC SR NT 7.900 11 2018............................................................ ................ ...11/03/2008..... VARIOUS................................................................................................................ ........................................................... .............................................16,838,736 .............................................16,500,000 ....................................................17,994<br />
714046 A@ 8 PERKINELMER INC SER 200 6.000 05 2015.................................................... ................ ...05/30/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................20,000,000 .............................................20,000,000 ................................................................<br />
71644E AH 5 PETRO CDA NT 6.050 05 2018............................................................... ................ ...05/15/2008..... VARIOUS................................................................................................................ ........................................................... .............................................13,030,335 .............................................13,000,000 ......................................................2,689<br />
71644E AJ 1 PETRO CDA SR NT 6.800 05 2038............................................................ ................ ...05/12/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ...............................................4,989,200 ...............................................5,000,000 ................................................................<br />
718172 AA 7 PHILIP MORRIS INTL INC 5.650 05 2018......................................................... ................ ...08/08/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,691,800 .............................................10,000,000 ..................................................128,694<br />
72650R AF 9 PLAINS ALL AMERN PIPELI 5.875 08 2016...................................................... ................ ...03/03/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................5,046,450 ...............................................5,000,000 ....................................................17,135<br />
72650R AT 9 PLAINS ALL AMERN PIPELI 6.500 05 2018...................................................... ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................43,906,043 .............................................43,020,000 ..................................................166,250<br />
693476 AP 8 PNC FUNDING CORP GTD SB 7.500 11 2009.................................................. ................ ...12/15/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ....................................................14,070 ....................................................14,000 .........................................................137<br />
693476 BB 8 PNC FUNDING CORP SUB NT 5.625 02 2017.................................................. ................ ...12/08/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................21,598 ....................................................23,000 .........................................................314<br />
P7906# AA 7 PORT OF SPAIN WATERFRON 6.090 01 2023................................................ F............. ...01/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ...............................................1,111,262 ...............................................1,111,262 ................................................................<br />
693506 BB 2 PPG INDS INC NT 6.650 03 2018............................................................... ................ ...08/22/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................8,168,780 ...............................................8,000,000 ..................................................227,578<br />
693506 BC 0 PPG INDUSTRIES SR NT 7.700 03 2038....................................................... ................ ...08/06/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... .............................................10,559,400 .............................................10,000,000 ..................................................305,861<br />
69352J AH 0 PPL ENERGY SUPPLY LLC S 6.200 05 2016................................................... ................ ...02/14/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................8,975,460 ...............................................8,850,000 ..................................................136,176<br />
74005P AR 5 PRAXAIR INC NT 4.625 03 2015............................................................... ................ ...03/04/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ...............................................1,872,356 ...............................................1,875,000 ................................................................<br />
740816 AE 3 PRESIDENT & FELLOWS HAR 6.000 01 2019.................................................. ................ ...12/23/2008..... VARIOUS................................................................................................................ ........................................................... .............................................19,309,685 .............................................18,750,000 ....................................................19,458<br />
740816 AF 0 PRESIDENT & FELLOWS HAR 5.000 01 2014.................................................. ................ ...12/23/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ...............................................7,282,310 ...............................................7,000,000 ....................................................16,528<br />
742718 DL 0 PROCTER & GAMBLE CO NT 4.600 01 2014.................................................. ................ ...12/15/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ...............................................5,998,680 ...............................................6,000,000 ................................................................<br />
74834L AL 4 QUEST DIAGNOSTIC INC 5.450 11 2015....................................................... ................ ...12/12/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................14,160 ....................................................15,000 .........................................................204<br />
74834L AK 6 QUEST DIAGNOSTICS INC N 5.125 11 2010.................................................... ................ ...12/11/2008..... PERSHING............................................................................................................. ........................................................... ....................................................38,900 ....................................................40,000 .........................................................256<br />
76114E AF 9 RESIDENTIAL CAP LLC SR 9.625 05 2015...................................................... ................ ...06/06/2008..... EXCHANGED......................................................................................................... ........................................................... .............................................13,254,523 .............................................21,680,000 ................................................................<br />
767201 AC 0 RIO TINTO FIN USA LTD N 6.500 07 2018........................................................ ................ ...07/31/2008..... VARIOUS................................................................................................................ ........................................................... .............................................24,463,340 .............................................24,500,000 ....................................................81,882<br />
767201 AE 6 RIO TINTO FINANCE USA L 5.875 07 2013...................................................... ................ ...10/28/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................8,023,850 ...............................................8,030,000 .........................................................607<br />
77531Q AB 4 ROGER WIRELESS INC SR N 9.625 05 2011................................................... I............... ...12/08/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................41,559 ....................................................40,000 ......................................................1,223<br />
775109 AK 7 ROGERS COMMUNICATIONS I 6.800 08 2018................................................ ................ ...08/20/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................30,128 ....................................................30,000 ...........................................................36<br />
775371 AW 7 ROHM & HAAS CO NT 5.600 03 2013......................................................... ................ ...04/17/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................1,271,900 ...............................................1,250,000 ......................................................7,194<br />
786514 BC 2 SAFEWAY INC NT 6.500 03 2011............................................................. ................ ...04/15/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................26,290 ....................................................25,000 .........................................................212<br />
806605 AE 1 SCHERING PLOUGH CORP BD 5.550 12 2013................................................ ................ ...05/22/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,272,450 ...............................................1,250,000 ....................................................34,109<br />
G7895# AC 6 SCOTTISH & NEWCASTLE PL 5.570 12 2014.................................................. F............. ...08/20/2008..... VARIOUS................................................................................................................ ........................................................... .............................................17,652,680 .............................................18,000,000 ..................................................208,875<br />
81683R AN 4 SEMINOLE TRIBE OF FL SE 8.030 10 2020..................................................... ................ ...02/15/2008..... MERRILL LYNCH................................................................................................... ........................................................... .............................................10,000,000 .............................................10,000,000 ................................................................<br />
822582 AD 4 SHELL INTL FIN BV GTD N 6.375 12 2038........................................................ ................ ...12/16/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................20,156 ....................................................20,000 ...........................................................12<br />
842434 CA 8 SOUTHERN CALIFORNIA GAS 4.800 10 2012................................................. ................ ...01/23/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,747,515 ...............................................1,700,000 ....................................................26,520<br />
86722T AA 0 SUNCOR ENERGY INC NT 6.100 06 2018..................................................... ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................29,040,414 .............................................29,000,000 ..................................................185,542<br />
867229 AD 8 SUNCOR ENERGY INC NT 5.950 12 2034..................................................... ................ ...10/30/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ......................................................3,152 ......................................................5,000 .........................................................126<br />
867229 AE 6 SUNCOR ENERGY INC NT 6.500 06 2038..................................................... ................ ...08/18/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................4,812,500 ...............................................5,000,000 ....................................................59,583<br />
86722T AB 8 SUNCOR ENERGY INC SR NT 6.850 06 2039.................................................. ................ ...06/24/2008..... VARIOUS................................................................................................................ ........................................................... .............................................20,138,850 .............................................20,000,000 ....................................................51,375<br />
871829 AK 3 SYSCO CORP NT 4.200 02 2013............................................................. ................ ...02/07/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... .............................................10,582,510 .............................................10,600,000 ................................................................<br />
871829 AL 1 SYSCO CORP NT 5.250 02 2018............................................................. ................ ...02/07/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ...............................................1,489,650 ...............................................1,500,000 ................................................................<br />
87425E AK 9 TALISMAN ENERGY INC SR 6.250 02 2038.................................................... ................ ...11/13/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................3,238 ......................................................5,000 ...........................................................93<br />
87612E AR 7 TARGET CORP BD 6.500 10 2037............................................................ ................ ...10/22/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................8,558,231 .............................................11,170,000 ....................................................24,202<br />
87612E AC 0 TARGET CORP NT 6.350 01 2011............................................................ ................ ...12/15/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................14,375 ....................................................14,000 .........................................................378<br />
87612E AM 8 TARGET CORP SR NT 4.000 06 2013......................................................... ................ ...10/22/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................22,856 ....................................................25,000 .........................................................367<br />
87612E AP 1 TARGET CORP SR NT 5.375 05 2017......................................................... ................ ...10/28/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................4,039,850 ...............................................5,000,000 ..................................................132,135<br />
87927V AV 0 TELECOM ITALIA CAP GTD 7.721 06 2038..................................................... ................ ...05/28/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ......................................................5,000 ......................................................5,000 ................................................................<br />
87927V AK 4 TELECOM ITALIA CAPITAL 4.000 01 2010...................................................... ................ ...11/17/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ......................................................7,480 ......................................................8,000 .........................................................111<br />
88162F A* 6 TETRA TECHNOLOGIES INC 5.070 09 2011................................................... ................ ...04/08/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................5,793,600 ...............................................6,000,000 ....................................................24,505<br />
88162F B@ 3 TETRA TECHNOLOGIES INC 6.560 04 2015................................................... ................ ...04/30/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................27,000,000 .............................................27,000,000 ................................................................<br />
883199 B* 1 TEXTRON FINANCIAL CORP 4.590 09 2017................................................... ................ ...03/14/2008..... MERRILL LYNCH................................................................................................... ........................................................... .............................................12,000,000 .............................................12,000,000 ................................................................<br />
884903 BA 2 THOMSON REUTERS CORP GT 5.950 07 2013.............................................. ................ ...06/20/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................7,028,780 ...............................................7,010,000 ......................................................5,785<br />
884903 BB 0 THOMSON RUETERS CORP GT 6.500 07 2018.............................................. ................ ...10/17/2008..... VARIOUS................................................................................................................ ........................................................... .............................................15,922,639 .............................................16,015,000 ....................................................74,138<br />
88732J AN 8 TIME WARNER CABLE INC D 7.300 07 2038................................................... ................ ...06/25/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ......................................................9,927 ....................................................10,000 ...........................................................22
E13.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
88732J AG 3 TIME WARNER CABLE INC N 5.400 07 2012................................................... ................ ...12/15/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ....................................................12,885 ....................................................14,000 .........................................................349<br />
88732J AP 3 TIME WARNER CABLE INC N 8.750 02 2019................................................... ................ ...11/14/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................14,878 ....................................................15,000 .............................................................1<br />
88732J AQ 1 TIME WARNER CABLE INC N 8.250 02 2014................................................... ................ ...11/13/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ....................................................24,962 ....................................................25,000 ................................................................<br />
893830 AS 8 TRANSOCEAN INC SR NT 6.000 03 2018...................................................... ................ ...12/19/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,656,357 ...............................................9,510,000 ....................................................76,165<br />
893830 AK 5 TRANSOCEAN SEDCO FOREX 7.375 04 2018............................................... ................ ...02/13/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................2,512,643 ...............................................2,250,000 ....................................................57,156<br />
G8967# AF 0 TRITON CONTAINER INTL S 7.660 09 2018..................................................... F............. ...09/17/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................40,000,000 .............................................40,000,000 ................................................................<br />
902133 AF 4 TYCO ELECTRONICS GRP GT 6.550 10 2017................................................. ................ ...12/12/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................30,756 ....................................................40,000 .........................................................553<br />
90781# AG 7 UNION PACIFIC RAILROAD 4.400 01 2016...................................................... ................ ...04/07/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................4,500,000 ...............................................4,500,000 ................................................................<br />
90781# AF 9 UNION PACIFIC RAILROADT 4.200 04 2015.................................................... ................ ...04/30/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................6,500,000 ...............................................6,500,000 ................................................................<br />
91055@ AC 5 UNITED GROUP INV PARTNE 6.910 06 2018.................................................. ................ ...06/24/2008..... JP MORGAN.......................................................................................................... ........................................................... .............................................23,000,000 .............................................23,000,000 ................................................................<br />
91324P AP 7 UNITED HEALTH GROUP INC 5.250 03 2011................................................... ................ ...10/24/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................19,198 ....................................................20,000 .........................................................128<br />
911312 AJ 5 UNITED PARCEL SERVICE I 6.200 01 2038..................................................... ................ ...09/05/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................14,288,005 .............................................14,030,000 ..................................................130,312<br />
913017 BA 6 UNITED TECHNOLOGIES COR 7.500 09 2029................................................. ................ ...07/16/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,196,147 ...............................................8,970,000 ..................................................226,119<br />
913017 BQ 1 UNITED TECHNOLOGIES COR 6.125 02 2019................................................. ................ ...12/15/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................6,000,264 ...............................................6,010,000 ................................................................<br />
91324P AR 3 UNITEDHEALTH GROUP INC 5.800 03 2036................................................... ................ ...12/18/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................23,607 ....................................................30,000 .........................................................162<br />
91324P BA 9 UNITEDHEALTH GROUP INC 5.500 11 2012................................................... ................ ...04/17/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ..................................................868,779 ..................................................875,000 ....................................................20,453<br />
91324P BJ 0 UNITEDHEALTH GROUP INC 6.000 02 2018................................................... ................ ...02/04/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................14,486,805 .............................................14,500,000 ................................................................<br />
91324P BK 7 UNITEDHEALTH GROUP INC 6.875 02 2038................................................... ................ ...02/13/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................1,946,980 ...............................................2,000,000 ......................................................4,583<br />
91324P BC 5 UNITEDHEALTH GROUP INC 6.000 11 2017................................................... ................ ...10/24/2008..... VARIOUS................................................................................................................ ........................................................... .............................................13,811,681 .............................................17,355,000 ..................................................459,908<br />
914906 A# 9 UNIVISION COMM INC TRNC 4.713 09 2014.................................................... ................ ...04/15/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ..................................................352,349 ..................................................352,349 ................................................................<br />
902911 AM 8 UST INC NT 6.625 07 2012.................................................................... ................ ...01/24/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................7,286,451 ...............................................6,700,000 ....................................................17,262<br />
902911 AN 6 UST INC SR NT 5.750 03 2018................................................................. ................ ...02/26/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................10,027,100 .............................................10,000,000 ................................................................<br />
91913Y AD 2 VALERO ENERGY CORP NT 6.875 04 2012................................................... ................ ...05/08/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ...............................................1,326,138 ...............................................1,250,000 ......................................................6,684<br />
91913Y AL 4 VALERO ENERGY CORP NT 6.625 06 2037................................................... ................ ...03/05/2008..... VARIOUS................................................................................................................ ........................................................... .............................................13,627,660 .............................................14,000,000 ..................................................174,274<br />
91913Y AM 2 VALERO ENERGY CORP NT 6.125 06 2017................................................... ................ ...03/20/2008..... VARIOUS................................................................................................................ ........................................................... .............................................11,283,700 .............................................11,000,000 ..................................................172,861<br />
92343V AM 6 VERIZON COMMUNICATIONS 6.100 04 2018................................................. ................ ...10/17/2008..... VARIOUS................................................................................................................ ........................................................... .............................................12,880,432 .............................................13,005,000 .............................................................6<br />
92343V AC 8 VERIZON COMMUNICATIONS 5.550 02 2016................................................. ................ ...02/14/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ....................................................15,169 ....................................................15,000 ...........................................................12<br />
92343V AL 8 VERIZON COMMUNICATIONS 5.500 02 2018................................................. ................ ...12/16/2008..... VARIOUS................................................................................................................ ........................................................... .............................................17,566,159 .............................................17,610,000 .........................................................189<br />
92343V AR 5 VERIZON COMMUNICATIONS 8.950 03 2039................................................. ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................10,429 ....................................................10,000 ...........................................................46<br />
92344S AG 5 VERIZON WIRELESS INC 14 8.500 11 2018..................................................... ................ ...11/18/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ......................................................4,947 ......................................................5,000 ................................................................<br />
92344S AH 3 VERIZON WIRELESS INC 14 7.375 11 2013..................................................... ................ ...11/18/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................14,878 ....................................................15,000 ................................................................<br />
918204 AT 5 VF CORP NT 6.450 11 2037.................................................................. ................ ...11/03/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ...............................................6,953,000 .............................................10,000,000 ......................................................8,958<br />
92852E AL 9 VIVENDI 144A NT 6.625 04 2018............................................................... ................ ...05/22/2008..... VARIOUS................................................................................................................ ........................................................... .............................................19,935,738 .............................................20,018,000 ...........................................................80<br />
92857W AF 7 VODAFONE GROUP PLC GLOB 5.000 12 2013............................................... ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................35,436 ....................................................40,000 .........................................................806<br />
92857W AD 2 VODAFONE GROUP PLC NT 5.375 01 2015.................................................. ................ ...12/22/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ....................................................22,744 ....................................................25,000 .........................................................526<br />
92857W AG 5 VODAFONE GROUP PLC NTS 5.000 09 2015................................................. ................ ...09/22/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ......................................................4,625 ......................................................5,000 .............................................................7<br />
931142 CM 3 WAL MART STORES INC SR 6.200 04 2038.................................................... ................ ...10/17/2008..... VARIOUS................................................................................................................ ........................................................... .............................................14,692,008 .............................................15,020,000 ..................................................297,089<br />
931142 CB 7 WAL-MART STORES INC NT 5.250 09 2035.................................................... ................ ...02/06/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... .............................................15,564,675 .............................................17,500,000 ..................................................408,333<br />
931142 CK 7 WAL-MART STORES INC NT 6.500 08 2037.................................................... ................ ...09/16/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ......................................................5,119 ......................................................5,000 ...........................................................31<br />
94106L AS 8 WASTE MANAGEMENT INC DE 6.100 03 2018................................................ ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,016,941 .............................................10,000,000 ..................................................180,289<br />
94106L AK 5 WASTE MANAGEMENT INC SR 7.375 08 2010................................................ ................ ...11/17/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ....................................................24,375 ....................................................25,000 .........................................................558<br />
947074 AH 3 WEATHERFORD INTL INC GT 5.950 06 2012.................................................. ................ ...10/21/2008..... JP MORGAN.......................................................................................................... ........................................................... ......................................................4,521 ......................................................5,000 .........................................................107<br />
947074 AJ 9 WEATHERFORD INTL INC GT 6.350 06 2017.................................................. ................ ...10/16/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,270,878 .............................................10,005,000 ..................................................187,965<br />
947074 AK 6 WEATHERFORD INTL INC GT 6.800 06 2037.................................................. ................ ...02/07/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... .............................................10,208,200 .............................................10,000,000 ..................................................107,667<br />
947075 AA 5 WEATHERFORD INTL INC LT 4.950 10 2013................................................... ................ ...04/02/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................1,518,427 ...............................................1,550,000 ....................................................36,658<br />
947075 AC 1 WEATHERFORD INTL LTD GT 5.150 03 2013.................................................. ................ ...12/23/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................3,547,280 ...............................................4,020,000 ....................................................59,623<br />
947075 AD 9 WEATHERFORD INTL LTD GT 6.000 03 2018.................................................. ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................14,224,788 .............................................14,010,000 ..................................................138,172<br />
94973V AJ 6 WELLPOINT INC NT 5.000 01 2011............................................................ ................ ...02/26/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................40,643 ....................................................40,000 .........................................................244<br />
94973V AL 1 WELLPOINT INC NT 5.850 01 2036............................................................ ................ ...12/19/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... ......................................................8,325 ....................................................10,000 .........................................................257<br />
94973V AM 9 WELLPOINT INC NT 5.875 06 2017............................................................ ................ ...10/31/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................4,079,750 ...............................................5,000,000 ..................................................110,972<br />
94973V AN 7 WELLPOINT INC NT 6.375 06 2037............................................................ ................ ...12/10/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ......................................................4,061 ......................................................5,000 ................................................................<br />
949746 NX 5 WELLS FARGO & CO SR NT 5.625 12 2017.................................................... ................ ...08/04/2008..... JP MORGAN.......................................................................................................... ........................................................... ......................................................9,631 ....................................................10,000 ...........................................................59<br />
97181# KG 7 WILMINGTON TR UPRR 2004 5.850 03 2024................................................... ................ ...03/05/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................5,764,471 ...............................................5,736,248 ....................................................15,846<br />
97181# KH 5 WILMINGTON TR UPRR 2004 5.850 06 2024................................................... ................ ...03/05/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................5,945,438 ...............................................5,915,506 ..................................................102,856<br />
97181# KE 2 WILMINGTON TR UPRR 2004 5.850 06 2024................................................... ................ ...03/05/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................4,863,917 ...............................................4,839,959 ....................................................88,087<br />
976826 BE 6 WISCONSIN PWR & LT CO D 6.375 08 2037.................................................... ................ ...01/09/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................5,552,279 ...............................................5,311,000 ..................................................140,133<br />
92929Q AQ 0 WMX TECHNOLOGIES INC SR 7.100 08 2026................................................. ................ ...12/17/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................8,553 ....................................................10,000 .........................................................278<br />
983024 AN 0 WYETH CORP NT 5.950 04 2037............................................................. ................ ...07/24/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................6,608,000 ...............................................7,000,000 ..................................................136,519<br />
983024 AE 0 WYETH CORP SR NT 5.500 02 2014.......................................................... ................ ...09/25/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................19,640 ....................................................20,000 .........................................................180
E13.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
984121 BS 1 XEROX CORP SR NT 5.500 05 2012.......................................................... ................ ...02/22/2008..... JP MORGAN.......................................................................................................... ........................................................... ...............................................5,584,975 ...............................................5,500,000 ....................................................85,708<br />
984121 BV 4 XEROX CORP SR NT 5.650 05 2013.......................................................... ................ ...04/23/2008..... BARCLAYS CAPITAL............................................................................................ ........................................................... ..................................................749,970 ..................................................750,000 ................................................................<br />
984121 BW 2 XEROX CORP SR NT 6.350 05 2018.......................................................... ................ ...04/25/2008..... VARIOUS................................................................................................................ ........................................................... .............................................21,365,084 .............................................21,400,000 ......................................................1,764<br />
98385X AM 8 XTO ENERGY INC SR NT 6.750 08 2037....................................................... ................ ...08/04/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ......................................................9,439 ....................................................10,000 ...........................................................11<br />
98385X AP 1 XTO ENERGY INC SR NT 5.500 06 2018....................................................... ................ ...04/15/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... .............................................15,926,240 .............................................16,000,000 ................................................................<br />
98385X AR 7 XTO ENERGY INC SR NT 5.000 08 2010....................................................... ................ ...10/27/2008..... WACHOVIA SECURITIES..................................................................................... ........................................................... ....................................................14,746 ....................................................15,000 .........................................................173<br />
251510 LM 3 DEUTSCHE ALT A SECS INC 5.830 02 2036.................................................... ................ ...06/17/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................5,107,471 ...............................................6,321,809 ....................................................16,381<br />
36185N L6 5 GMACM MTGE LOAN TR CORP 5.500 01 2034............................................... ................ ...11/01/2008..... INCOME REINVESTMENT.................................................................................... ........................................................... ..................................................881,424 ..................................................881,424 ................................................................<br />
93934F BP 6 WASH MUT MTG SEC CORP 0 5.500 08 2035................................................. ................ ...08/29/2008..... VARIOUS................................................................................................................ ........................................................... .............................................11,365,171 .............................................13,219,066 ....................................................50,270<br />
94981Q AH 1 WELLS FARGO MBS TR 05-A 4.992 10 2035................................................... ................ ...11/04/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ...............................................2,928,280 ...............................................3,727,326 ......................................................2,068<br />
949779 AG 7 WELLS FARGO MBS 04 EE 2 4.201 12 2034.................................................... ................ ...11/06/2008..... SHAY FINANCIAL SERVICES............................................................................... ........................................................... ...............................................1,351,882 ...............................................1,777,331 ......................................................2,282<br />
94981Q AU 2 WELLS FARGO MTG BACKD S 5.000 10 2035................................................. ................ ...10/31/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ...............................................9,173,917 .............................................11,649,419 ......................................................6,474<br />
02262B AB 0 ALZETTE EUROPEAN CLO S 3.138 12 2020................................................... ................ ...03/13/2008..... DIRECT WITH SIGMA FINANCE INC................................................................... ........................................................... .............................................47,250,000 .............................................47,250,000 ......................................................4,095<br />
03027W AE 2 AMERICAN TOWER TR I D 1 5.956 04 2037..................................................... ................ ...05/21/2008..... MERRILL LYNCH................................................................................................... ........................................................... ...............................................4,432,219 ...............................................5,100,000 ....................................................10,127<br />
03027W AA 0 AMERICAN TOWER TR I 07- 5.419 04 2037..................................................... ................ ...10/31/2008..... MORGAN STANLEY & CO.................................................................................... ........................................................... .............................................26,311,406 .............................................30,075,000 ....................................................85,961<br />
05522R CD 8 BA CR CARD TR 08-A7 A7 3.149 12 2014........................................................ ................ ...06/05/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ......................................................5,000 ......................................................5,000 ................................................................<br />
05522R CB 2 BA CR CARD TR 2008-5 CL 4.095 12 2013....................................................... ................ ...12/12/2008..... SOVEREIGN SECURITIES.................................................................................... ........................................................... ....................................................17,725 ....................................................20,000 .............................................................3<br />
05947U XQ 6 BANC AMER COML MTG INC 4.936 11 2041................................................... ................ ...02/08/2008..... DEUTSCHE BANK SECS INC............................................................................... ........................................................... ...............................................3,683,518 ...............................................3,850,000 ......................................................6,335<br />
059512 AE 3 BANC AMER COML MTG TR 2 5.837 06 2049.................................................. ................ ...06/26/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................9,485 ....................................................10,000 ................................................................<br />
07387B CL 5 BEAR STEARNS COML MTG S 5.302 10 2042................................................. ................ ...02/06/2008..... LEHMAN BROTHERS............................................................................................ ........................................................... ...............................................4,928,581 ...............................................5,038,000 ......................................................7,420<br />
073945 AE 7 BEAR STEARNS COML MTG S 5.742 09 2042................................................. ................ ...05/07/2008..... SOVEREIGN SECURITIES.................................................................................... ........................................................... ....................................................74,590 ....................................................75,000 .........................................................132<br />
07387B DX 8 BEAR STEARNS COML MTG S 5.085 12 2040................................................. ................ ...12/09/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ....................................................28,468 ....................................................29,888 ...........................................................46<br />
07388P AE 1 BEAR STEARNS COML MTG 0 5.201 12 2038................................................. ................ ...04/22/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ...............................................4,834,180 ...............................................5,000,000 ....................................................17,337<br />
14911X AC 0 CATERPILLAR FINL ASSET 5.340 06 2012..................................................... ................ ...10/22/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................9,732 ....................................................10,000 .............................................................3<br />
14911T AC 9 CATERPILLAR FINL ASSET 4.940 04 2014..................................................... ................ ...10/24/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................3,019,537 ...............................................3,020,000 ......................................................1,652<br />
14911T AE 5 CATERPILLAR FINL ASSET 3.611 12 2010..................................................... ................ ...08/15/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ....................................................39,825 ....................................................40,000 .........................................................104<br />
161571 AT 1 CHASE ISSUANCE TR 2005- 4.691 10 2012..................................................... ................ ...11/24/2008..... SOVEREIGN SECURITIES.................................................................................... ........................................................... ....................................................18,219 ....................................................20,000 .............................................................9<br />
17305E DU 6 CITIBANK CREDIT CARD IS 3.026 06 2037...................................................... ................ ...05/12/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... .............................................11,830,078 .............................................15,000,000 ....................................................74,979<br />
17310N AE 8 CITICORP RESIDENTIAL MT 5.948 11 2036..................................................... ................ ...06/30/2008..... VARIOUS................................................................................................................ ........................................................... .............................................14,394,615 .............................................16,427,000 ....................................................62,424<br />
17310N AD 0 CITICORP RESIDENTIAL MT 5.703 11 2036..................................................... ................ ...08/12/2008..... VARIOUS................................................................................................................ ........................................................... .............................................10,414,500 .............................................12,700,000 ....................................................22,131<br />
12619Q AD 2 CNH EQUIP TR 08-B A3A A 4.780 07 2012....................................................... ................ ...05/14/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................19,997 ....................................................20,000 ................................................................<br />
12620L AF 5 CNH EQUIP TR 2008 A CL 4.930 08 2014........................................................ ................ ...10/24/2008..... VARIOUS................................................................................................................ ........................................................... ....................................................19,122 ....................................................20,000 ...........................................................48<br />
12620L AD 0 CNH EQUIP TR 2008 A CLA 4.162 05 2012....................................................... ................ ...04/10/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ......................................................9,998 ....................................................10,000 ................................................................<br />
12613X CX 7 CNH EQUIP 05-B A4B ABS 4.400 05 2011....................................................... ................ ...08/20/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................24,875 ....................................................25,000 ...........................................................31<br />
12619N AD 9 CNH EQUIP 07 B A3A ABS 5.400 10 2011....................................................... ................ ...10/24/2008..... SOVEREIGN SECURITIES.................................................................................... ........................................................... ......................................................9,863 ....................................................10,000 ...........................................................21<br />
22822R AH 3 CROWN CASTLE TWRS LLC 0 5.362 11 2036................................................. ................ ...11/03/2008..... GOLDMAN SACHS & COMPANY......................................................................... ........................................................... ....................................................20,750 ....................................................25,000 ...........................................................78<br />
233889 AE 4 DAIMLERCHRYSLER AUTO 08 4.710 09 2012................................................. ................ ...05/05/2008..... SALOMON SMITH BARNEY INC.......................................................................... ........................................................... ......................................................9,999 ....................................................10,000 ................................................................<br />
294751 CQ 3 EQUITY ONE ABS INC 2003 4.995 12 2033...................................................... ................ ...01/01/2008..... DIRECT WITH COMPANY..................................................................................... ........................................................... ....................................................66,512 ....................................................66,512 ................................................................<br />
37945S AD 0 GLOBAL SIGNAL TRUST III 5.800 02 2036....................................................... ................ ...06/17/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,688,938 .............................................10,000,000 ....................................................24,836<br />
36228C VT 7 GS MTG SECS CORP II 05- 4.761 07 2039....................................................... ................ ...04/16/2008..... MERRILL LYNCH................................................................................................... ........................................................... ......................................................9,595 ....................................................10,000 ...........................................................26<br />
36246L AE 1 GS MTG SECS TR 2007 GG1 5.993 08 2045.................................................... ................ ...07/08/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................9,598,205 .............................................10,000,000 ....................................................11,654<br />
40536Y AC 8 HALCYON LN INVS CLO II 3.021 04 2021........................................................ ................ ...03/13/2008..... DIRECT WITH SIGMA FINANCE INC................................................................... ........................................................... .............................................30,000,000 .............................................30,000,000 ..................................................177,413<br />
41283V AC 7 HARLEY DAVIDSON MOTORCY 5.100 05 2012............................................... ................ ...11/19/2008..... JP MORGAN.......................................................................................................... ........................................................... ......................................................4,872 ......................................................5,000 .............................................................6<br />
438125 AC 0 HONDA AUTO REC 07-1 A3 5.100 03 2011...................................................... ................ ...12/08/2008..... JP MORGAN.......................................................................................................... ........................................................... ....................................................41,466 ....................................................41,661 .........................................................136<br />
44920X AD 4 HYUNDAI AUTO REC 08-A A 4.930 12 2012..................................................... ................ ...06/16/2008..... BANC OF AMERICA SECURITIES LLC................................................................ ........................................................... ....................................................19,997 ....................................................20,000 ................................................................<br />
477876 AC 0 JOHN DEERE OWNER TR 07 5.040 07 2011................................................... ................ ...11/14/2008..... JEFFERIES & COMPANY..................................................................................... ........................................................... ....................................................12,180 ....................................................12,305 .............................................................7<br />
477878 AC 6 JOHN DEERE OWNER TR 08 4.400 06 2012................................................... ................ ...04/07/2008..... MERRILL LYNCH................................................................................................... ........................................................... ......................................................9,999 ....................................................10,000 ................................................................<br />
50179M AE 1 LB UBS COML MTG 06 C6 A 5.372 09 2039..................................................... ................ ...06/04/2008..... AEGON USA.......................................................................................................... ........................................................... ...............................................2,442,285 ...............................................2,500,000 ....................................................10,446<br />
55264T DB 4 MBNA CREDIT CARD MSTR N 2.506 11 2012.................................................. ................ ...06/06/2008..... SOVEREIGN SECURITIES.................................................................................... ........................................................... ......................................................4,955 ......................................................5,000 ...........................................................10<br />
759676 AG 4 RENAISSANCE HEL TR 06-2 6.115 08 2036..................................................... ................ ...11/03/2008..... VARIOUS................................................................................................................ ........................................................... ...............................................5,018,417 .............................................10,000,000 ......................................................3,397<br />
98156T AD 4 WORLD OMNI AUTO REC TR 3.940 10 2012.................................................. ................ ...03/12/2008..... FIRST BOSTON CORP.......................................................................................... ........................................................... ....................................................29,996 ....................................................30,000 ................................................................<br />
4599999. Total - Bonds - Industrial and Miscellaneous............................................................................................................... .............................................................................................................................................................................................. ........................................2,705,115,321 ........................................2,754,134,724 .............................................16,238,139<br />
6099997. Total - Bonds - Part 3................................................................................................................................................... .............................................................................................................................................................................................. ........................................4,391,457,216 ........................................4,459,086,530 .............................................21,629,310<br />
6099998. Total - Bonds - Summary Item from Part 5.................................................................................................................. .............................................................................................................................................................................................. ...........................................348,966,023 ...........................................348,670,118 ...............................................2,174,662<br />
6099999. Total - Bonds................................................................................................................................................................ .............................................................................................................................................................................................. ........................................4,740,423,239 ........................................4,807,756,648 .............................................23,803,972<br />
Preferred Stocks - Banks, Trust and <strong>Insurance</strong> Companies<br />
98372P 87 6 XL CAP LTD 6.1020% CL A................................................................................... ................ ...08/04/2008..... EXCHANGED......................................................................................................... ......................................468,000.000 .............................................11,700,000 ................................................................ ................................................................<br />
6299999 Total - Preferred Stocks - Banks, Trust and <strong>Insurance</strong> Companies............................................................................ .............................................................................................................................................................................................. .............................................11,700,000 ...........................XXX............................. .............................................................0<br />
Preferred Stocks - Industrial and Miscellaneous
E13.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 3<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Current Year<br />
1 2 3 4 5 6 7 8 9<br />
CUSIP Date Number of Actual Par Paid for Accrued<br />
Identification Description Foreign Acquired Name of Vendor Shares of Stock Cost Value Interest and Dividends<br />
313400 68 1 FEDERAL HOME LN MTG COR............................................................................ ................ ...10/02/2008..... EXCHANGED......................................................................................................... ......................................212,000.000 ....................................................46,811 ......................................................50.00 ................................................................<br />
313400 65 7 FEDERAL HOME LN MTG COR............................................................................ ................ ...10/14/2008..... EXCHANGED......................................................................................................... ......................................272,000.000 ..................................................138,720 ....................................................100.00 ................................................................<br />
313586 83 6 FEDERAL NATL MTG ASSN 4.............................................................................. ................ ...10/15/2008..... EXCHANGED......................................................................................................... ........................................35,500.000 ......................................................5,325 ......................................................50.00 ................................................................<br />
313586 84 4 FEDERAL NATL MTG ASSN 5.............................................................................. ................ ...10/15/2008..... EXCHANGED......................................................................................................... ........................................20,486.000 ......................................................3,073 ......................................................50.00 ................................................................<br />
313586 87 7 FEDERAL NATL MTG ASSN 5.............................................................................. ................ ...10/15/2008..... EXCHANGED......................................................................................................... ........................................19,014.000 ......................................................2,852 ......................................................50.00 ................................................................<br />
46631V AA 9 JPM CHASE CAPITAL XXV B............................................................................... ................ ...11/04/2008..... SALOMON SMITH BARNEY INC.......................................................................... ..........................................5,000.000 ......................................................3,816 ................................................................ ...........................................................34<br />
46625H HA 1 JPMORGAN CHASE & CO DEP........................................................................... ................ ...04/16/2008..... JP MORGAN.......................................................................................................... ........................................20,000.000 ....................................................20,000 ................................................................ ................................................................<br />
59156R AP 3 METLIFE INC JR SB FXD/F................................................................................... ................ ...04/01/2008..... JEFFERIES & COMPANY..................................................................................... ........................................10,000.000 ......................................................8,083 ................................................................ .........................................................194<br />
693475 AJ 4 PNC FINL SVCS GROUP INC............................................................................... ................ ...12/10/2008..... VARIOUS................................................................................................................ ........................................55,000.000 ....................................................49,531 ................................................................ .........................................................584<br />
86788X 20 3 SUNTRUST REIT CORP EXCH............................................................................ ................ ...09/01/2008..... EXCHANGED......................................................................................................... .............................................200.000 .............................................19,612,985 ................................................................ ................................................................<br />
91731K AA 8 USB CAPITAL IX GTD NORM............................................................................... ................ ...07/21/2008..... VARIOUS................................................................................................................ ........................................40,000.000 ....................................................28,538 ................................................................ .........................................................658<br />
94986E AA 8 WELLS FARGO CAP XIII FX................................................................................. ................ ...11/04/2008..... VARIOUS................................................................................................................ ........................................65,000.000 ....................................................62,620 ................................................................ .........................................................769<br />
978802 20 5 WOODBOURNE CAP TR I FLT............................................................................. ................ ...04/07/2008..... EXCHANGED......................................................................................................... ...................................7,500,000.000 ...............................................7,509,300 .............................................300,000.00 ................................................................<br />
978803 20 3 WOODBOURNE CAP TR II FL.............................................................................. ................ ...04/07/2008..... EXCHANGED......................................................................................................... ...................................7,500,000.000 ...............................................7,509,300 .............................................300,000.00 ................................................................<br />
97880P 20 4 WOODBOURNE CAP TR III F............................................................................... ................ ...04/07/2008..... EXCHANGED......................................................................................................... ...................................7,500,000.000 ...............................................7,509,300 .............................................300,000.00 ................................................................<br />
97880Q 20 2 WOODBOURNE CAPITAL TR I............................................................................. ................ ...04/07/2008..... EXCHANGED......................................................................................................... ...................................7,500,000.000 ...............................................7,509,300 .............................................300,000.00 ................................................................<br />
6399999. Total - Preferred Stocks - Industrial and Miscellaneous.............................................................................................. .............................................................................................................................................................................................. .............................................50,019,554 ...........................XXX............................. ......................................................2,239<br />
6599997. Total - Preferred Stocks - Part 3.................................................................................................................................. .............................................................................................................................................................................................. .............................................61,719,554 ...........................XXX............................. ......................................................2,239<br />
6599998. Total - Preferred Stocks - Summary Item from Part 5................................................................................................. .............................................................................................................................................................................................. ....................................................10,000 ...........................XXX............................. ................................................................<br />
6599999. Total - Preferred Stocks............................................................................................................................................... .............................................................................................................................................................................................. .............................................61,729,554 ...........................XXX............................. ......................................................2,239<br />
Common Stocks - Banks, Trust and <strong>Insurance</strong> Companies<br />
31339* 10 7 FEDERAL HOME LN BK INDI................................................................................ ................ ...08/20/2008..... DIRECT WITH COMPANY..................................................................................... ......................................189,464.000 .............................................18,946,400 ...........................XXX............................. ................................................................<br />
6799999. Total - Common Stocks - Banks, Trust and <strong>Insurance</strong> Companies............................................................................. .............................................................................................................................................................................................. .............................................18,946,400 ...........................XXX............................. .............................................................0<br />
Common Stocks - Industrial and Miscellaneous<br />
99BONY 9B 6 BNY INSTITUTIONAL CASH................................................................................. ................ ...09/12/2008..... BNY ASSOCIATES................................................................................................ ......................................801,766.000 ..................................................801,766 ...........................XXX............................. ................................................................<br />
G19849 11 9 CARADOR PLC US DOLLAR D............................................................................. F............. ...12/09/2008..... EXCHANGED......................................................................................................... .................................11,244,900.000 .............................................10,035,000 ...........................XXX............................. ................................................................<br />
246248 64 5 DEL POOLED TR - ALL CAP................................................................................. ................ ...12/18/2008..... INCOME REINVESTMENT.................................................................................... .............................................573.487 ......................................................2,059 ...........................XXX............................. ................................................................<br />
24610B 85 9 DELAWARE GRP EQ FD V -................................................................................. ................ ...12/26/2008..... INCOME REINVESTMENT.................................................................................... ..........................................2,285.994 ....................................................16,093 ...........................XXX............................. ................................................................<br />
534898 20 0 LVIP COHEN & STEERS GBL............................................................................... ................ ...12/08/2008..... INCOME REINVESTMENT.................................................................................... ...............................................12.734 ...........................................................74 ...........................XXX............................. ................................................................<br />
534898 10 1 LVIP COHEN & STEERS GLB............................................................................... ................ ...12/08/2008..... INCOME REINVESTMENT.................................................................................... ..........................................3,392.610 ....................................................18,708 ...........................XXX............................. ................................................................<br />
534898 66 3 LVIP SSGA BOND INDEX FD................................................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................10,062.700 ..................................................100,627 ...........................XXX............................. ................................................................<br />
534898 73 9 LVIP SSGA BOND INDEX FD................................................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ...................................1,998,643.608 .............................................19,986,514 ...........................XXX............................. ................................................................<br />
534898 64 8 LVIP SSGA DEVELOPED INT............................................................................... ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................10,137.210 ..................................................100,719 ...........................XXX............................. ................................................................<br />
534898 71 3 LVIP SSGA DEVELOPED INT............................................................................... ................ ...12/08/2008..... VARIOUS................................................................................................................ ...................................1,001,208.660 ...............................................9,958,778 ...........................XXX............................. ................................................................<br />
534898 63 0 LVIP SSGA EMERGING MKTS............................................................................. ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................10,086.910 ..................................................100,482 ...........................XXX............................. ................................................................<br />
534898 69 7 LVIP SSGA EMERGING MKTS............................................................................. ................ ...12/08/2008..... VARIOUS................................................................................................................ ......................................745,078.717 ...............................................7,428,202 ...........................XXX............................. ................................................................<br />
534898 65 5 LVIP SSGA INTL INDEX FD.................................................................................. ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................10,107.460 ..................................................100,594 ...........................XXX............................. ................................................................<br />
534898 72 1 LVIP SSGA INTL INDEX FD.................................................................................. ................ ...12/08/2008..... VARIOUS................................................................................................................ ...................................2,006,683.240 .............................................19,992,358 ...........................XXX............................. ................................................................<br />
534898 62 2 LVIP SSGA LARGE CAP 100................................................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................10,060.628 ..................................................100,385 ...........................XXX............................. ................................................................<br />
534898 68 9 LVIP SSGA LARGE CAP 100................................................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ......................................491,862.850 ...............................................4,911,842 ...........................XXX............................. ................................................................<br />
534898 61 4 LVIP SSGA SMALL/MID CAP................................................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ........................................10,102.300 ..................................................100,673 ...........................XXX............................. ................................................................<br />
534898 67 1 LVIP SSGA SMALL/MID CAP................................................................................ ................ ...12/08/2008..... VARIOUS................................................................................................................ ......................................493,914.220 ...............................................4,925,759 ...........................XXX............................. ................................................................<br />
99ESCR 9A 3 SEAGATE TECH ESCROW DTC.......................................................................... ................ ...10/16/2008..... MORGAN STANLEY & CO.................................................................................... ..........................................1,700.000 ................................................................ ...........................XXX............................. ................................................................<br />
6899999. Total - Common Stocks - Industrial and Miscellaneous.............................................................................................. .............................................................................................................................................................................................. .............................................78,680,633 ...........................XXX............................. .............................................................0<br />
Common Stocks - Parent, Subsidiaries and Affiliates<br />
................................................................................................................................ ................ .......................... ................................................................................................................................ ........................................................... ................................................................ ...........................XXX............................. ................................................................<br />
53468@ 10 2 LINCOLN REINS CO OF SOU............................................................................... ................ ...12/15/2008..... VARIOUS................................................................................................................ ......................................250,000.000 ..................................................275,000 ...........................XXX............................. ................................................................<br />
53469* 10 3 LINCOLN REINSURANCE CO............................................................................... ................ ...12/31/2008..... DIRECT WITH COMPANY..................................................................................... ......................................250,000.000 .............................................55,000,000 ...........................XXX............................. ................................................................<br />
6999999. Total - Common Stocks - Parent, Subsidiaries and Affiliates...................................................................................... .............................................................................................................................................................................................. .............................................55,275,000 ...........................XXX............................. .............................................................0<br />
7299997. Total - Common Stocks - Part 3................................................................................................................................... .............................................................................................................................................................................................. ...........................................152,902,033 ...........................XXX............................. .............................................................0<br />
7299998. Total - Common Stocks - Summary Item from Part 5.................................................................................................. .............................................................................................................................................................................................. ...............................................7,031,584 ...........................XXX............................. ................................................................<br />
7299999. Total - Common Stocks................................................................................................................................................ .............................................................................................................................................................................................. ...........................................159,933,617 ...........................XXX............................. .............................................................0<br />
7399999. Total - Preferred and Common Stocks........................................................................................................................ .............................................................................................................................................................................................. ...........................................221,663,171 ...........................XXX............................. ......................................................2,239<br />
7499999. Total - Bonds, Preferred and Common Stocks............................................................................................................ .............................................................................................................................................................................................. ........................................4,962,086,410 ...........................XXX............................. .............................................23,806,211
E14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
Bonds - U.S. Government<br />
3133XN TD 1 FEDERAL HOME LN BANK BD........................... ... 01/23/2008. FIRST BOSTON CORP............. ........................... ...........112,823 ...........110,000 ............109,923 ............109,924 .................... .................3 ...................... ....................3 ................... .............109,927 .................. .............2,896 .............2,896 ...............424 01/08/2010<br />
3133XM SQ 5 FEDERAL HOME LN BK GLBL BD..................... ... 11/24/2008. GREENWICH CAPITAL MARKETS ........................... INC<br />
.............25,507 .............25,000 ..............24,996 ..............24,996 .................... .................2 ...................... ....................2 ................... ...............24,998 .................. ................509 ................509 ............1,139 11/20/2009<br />
3128X0 3N 7 FEDERAL HOME LN MTG CORP MTN.............. ... 04/01/2008. MATURED.................................. ........................... ........3,700,000 ........3,700,000 .........3,781,740 .........3,700,011 .................... ..............(11) ...................... .................(11) ................... ..........3,700,000 .................. ....................... ....................0 ..........64,750 04/01/2008<br />
3137EA AR 0 FEDERAL HOME LN MTG CORP REF N........... ... 02/06/2008. MERRILL LYNCH....................... ........................... .............42,368 .............40,000 ..............41,733 .......................... .................... ..............(12) ...................... .................(12) ................... ...............41,699 .................. ................669 ................669 ...............823 03/05/2012<br />
3133XM D4 0 FEDERAL HOME LOAN BANK BD..................... ... 04/10/2008. BARCLAYS CAPITAL................ ........................... .............20,630 .............20,000 ..............20,100 ..............20,095 .................... ................(2) ...................... ...................(2) ................... ...............20,080 .................. ................550 ................550 ...............528 10/09/2009<br />
3133MJ X3 9 FEDERAL HOME LOAN BANK DEB................... ... 11/14/2008. MATURED.................................. ........................... ......13,200,000 ......13,200,000 .......13,909,500 .......13,314,810 .................... .....(114,810) ...................... ........(114,810) ................... ........13,200,000 .................. ....................... ....................0 ........592,350 11/14/2008<br />
3133M5 ER 7 FEDERAL HOME LOAN BANK DISC BD............ ... 09/08/2008. CALLED AT 26.610905.............. ........................... ......21,288,724 ......80,000,000 .......17,800,120 .......20,559,460 .................... ......735,912 ...................... .........735,912 ................... ........21,295,372 .................. ............(6,648) ............(6,648) ...................... 09/08/2028<br />
3137EA BB 4 FHLMC NT............................................................ ... 01/17/2008. DEUTSCHE BANK SECS INC... ........................... ...........112,218 ...........110,000 ............109,922 ............109,927 .................... .................2 ...................... ....................2 ................... .............109,929 .................. .............2,289 .............2,289 ...............933 11/30/2009<br />
3128X4 HC 8 FHLMC NTS......................................................... ... 08/22/2008. CALLED AT 100......................... ........................... ......15,000,000 ......15,000,000 .......15,037,500 .......15,008,509 .................... .........(7,995) ...................... ............(7,995) ................... ........15,000,514 .................. ...............(514) ...............(514) ........750,000 08/22/2012<br />
3134A2 FE 3 FHLMC ZERO CPN DB........................................ ... 06/02/2008. CALLED AT 25.50249................ ........................... ........2,550,249 ......10,000,000 .........1,769,350 .........2,481,742 .................... ........68,512 ...................... ...........68,512 ................... ..........2,550,254 .................. ...................(5) ...................(5) ...................... 06/06/2028<br />
313586 RC 5 FNMA CAPITAL DEB........................................... ... 03/19/2008. PAINE WEBBER........................ ........................... ........3,091,500 ........5,400,000 .........1,172,556 .........2,434,299 .................... .................... ...................... ....................0 ................... ..........2,434,299 .................. .........657,201 .........657,201 ...................... 10/09/2019<br />
31398A BX 9 FNMA DB.............................................................. ... 04/03/2008. MERRILL LYNCH....................... ........................... .............10,608 .............10,000 ..............10,134 ..............10,126 .................... ................(7) ...................... ...................(7) ................... ...............10,119 .................. ................489 ................489 ...............190 05/18/2012<br />
31398A MV 1 FNMA DB.............................................................. ... 03/05/2008. DEUTSCHE BANK SECS INC... ........................... .............40,017 .............40,000 ..............39,900 .......................... .................... .................1 ...................... ....................1 ................... ...............39,904 .................. ................113 ................113 .................92 04/09/2010<br />
31359M TQ 6 FNMA MTN........................................................... ... 11/17/2008. MATURED.................................. ........................... ......15,000,000 ......15,000,000 .......15,043,950 .......15,000,301 .................... ............(301) ...................... ...............(301) ................... ........15,000,000 .................. ....................... ....................0 ........581,250 11/17/2008<br />
3136F2 H7 6 FNMA MTN........................................................... ... 01/17/2008. MATURED.................................. ........................... ........2,500,000 ........2,500,000 .........2,570,100 .........2,500,030 .................... ..............(30) ...................... .................(30) ................... ..........2,500,000 .................. ....................... ....................0 ..........44,375 01/17/2008<br />
31398A HZ 8 FNMA NT.............................................................. ... 04/16/2008. VARIOUS................................... ........................... .............68,969 .............65,000 ..............65,535 ..............65,521 .................... ................(6) ...................... ...................(6) ................... ...............65,498 .................. .............3,471 .............3,471 ............1,085 11/19/2012<br />
31371N KB 0 FNMA PL#256890................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........283,144 ...........283,144 ............283,148 .......................... .................... ................(7) ...................... ...................(7) ................... .............283,144 .................. ....................... ....................0 ............3,678 09/01/2037<br />
31359M SY 0 FNMA SB NT........................................................ ... 09/02/2008. MATURED.................................. ........................... ........4,800,000 ........4,800,000 .........4,796,887 .........4,799,547 .................... .............453 ...................... ................453 ................... ..........4,800,000 .................. ....................... ....................0 ........192,000 09/02/2008<br />
362206 DW 1 GNMA GN 298117................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................375 ..................375 ...................372 ...................375 .................... .................... ...................... ....................0 ................... ....................375 .................. ....................... ....................0 .................19 11/15/2020<br />
38373T WY 7 GNMA GNR 01-59 PG BPAC............................... ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,646,546 ........1,646,546 .........1,624,581 .........1,646,127 .................... .............419 ...................... ................419 ................... ..........1,646,546 .................. ....................... ....................0 ..........22,541 09/20/2030<br />
3837H4 ZG 3 GNMA GNR 2000-29 G SEQ............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........386,747 ...........386,747 ............377,830 ............386,742 .................... .................4 ...................... ....................4 ................... .............386,747 .................. ....................... ....................0 ..........15,083 09/20/2030<br />
38373T SA 4 GNMA GNR 2001- 62 PG BPAC.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........710,821 ...........710,821 ............706,325 ............710,817 .................... .................4 ...................... ....................4 ................... .............710,821 .................. ....................... ....................0 ..........21,051 01/20/2031<br />
383739 RL 5 GNMA GNR 2001-6 PM BPAC............................ ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ...........402,393 ...........402,393 ............399,425 ............402,316 .................... ...............77 ...................... ..................77 ................... .............402,393 .................. ....................... ....................0 ............8,045 06/16/2030<br />
38373R 5Q 8 GNMA GNR 2001-60 QV PAC............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........6,971,550 ........6,971,550 .........6,752,175 .........6,969,151 .................... ..........2,399 ...................... .............2,399 ................... ..........6,971,550 .................. ....................... ....................0 ........276,790 10/20/2024<br />
36216U F7 7 GNMA GNSF 174890........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................824 ..................824 ...................875 ...................819 .................... .................5 ...................... ....................5 ................... ....................824 .................. ....................... ....................0 .................26 04/15/2017<br />
36217A 6Z 8 GNMA GNSF 188188........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................100 ..................100 ...................105 .....................98 .................... .................2 ...................... ....................2 ................... ....................100 .................. ....................... ....................0 ...................5 02/15/2017<br />
36217E KP 6 GNMA GNSF 191202........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................127 ..................127 ...................132 ...................127 .................... .................... ...................... ....................0 ................... ....................127 .................. ....................... ....................0 ...................5 04/15/2017<br />
36217N FB 3 GNMA GNSF 198262........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,380 ...............1,380 ................1,453 ................1,364 .................... ...............16 ...................... ..................16 ................... .................1,380 .................. ....................... ....................0 .................64 02/15/2017<br />
36217P Z5 9 GNMA GNSF 199764........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................135 ..................135 ...................143 ...................134 .................... .................1 ...................... ....................1 ................... ....................135 .................. ....................... ....................0 ...................6 03/15/2017<br />
36217S J9 3 GNMA GNSF 201988........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................174 ..................174 ...................180 ...................173 .................... .................1 ...................... ....................1 ................... ....................174 .................. ....................... ....................0 ...................6 05/15/2017<br />
36217T FF 1 GNMA GNSF 202766........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................563 ..................563 ...................590 ...................553 .................... ...............10 ...................... ..................10 ................... ....................563 .................. ....................... ....................0 .................26 02/15/2017<br />
362170 LJ 9 GNMA GNSF 208329........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................367 ..................367 ...................394 ...................364 .................... .................3 ...................... ....................3 ................... ....................367 .................. ....................... ....................0 .................17 03/15/2017<br />
362170 4M 1 GNMA GNSF 208828........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................610 ..................610 ...................647 ...................602 .................... .................8 ...................... ....................8 ................... ....................610 .................. ....................... ....................0 .................29 05/15/2017<br />
362174 R9 7 GNMA GNSF 212112........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,174 ...............4,174 ................4,415 ................4,184 .................... ..............(10) ...................... .................(10) ................... .................4,174 .................. ....................... ....................0 ...............113 04/15/2017<br />
36218F JP 4 GNMA GNSF 220870........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................26 ....................26 .....................27 .....................25 .................... .................... ...................... ....................0 ................... ......................26 .................. ....................... ....................0 ...................1 06/15/2017<br />
36218T K5 6 GNMA GNSF 231716........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,614 ...............1,614 ................1,701 ................1,599 .................... ...............15 ...................... ..................15 ................... .................1,614 .................. ....................... ....................0 .................74 07/15/2017<br />
36219N D9 8 GNMA GNSF 254028........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................183 ..................183 ...................190 ...................182 .................... .................1 ...................... ....................1 ................... ....................183 .................. ....................... ....................0 ...................8 06/15/2022<br />
362195 NS 4 GNMA GNSF 267801........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................14 ....................14 .....................14 .....................13 .................... .................... ...................... ....................0 ................... ......................14 .................. ....................... ....................0 ...................1 03/15/2020<br />
36223D ET 9 GNMA GNSF 304446........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,324 ...............2,324 ................2,390 ................2,314 .................... ...............11 ...................... ..................11 ................... .................2,324 .................. ....................... ....................0 ...............105 11/15/2021<br />
36223S CW 1 GNMA GNSF 316085........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................89 ....................89 .....................90 .....................89 .................... .................... ...................... ....................0 ................... ......................89 .................. ....................... ....................0 ...................4 02/15/2022<br />
36223S ZM 8 GNMA GNSF 316748........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................140 ..................140 ...................144 ...................139 .................... .................1 ...................... ....................1 ................... ....................140 .................. ....................... ....................0 ...................6 02/15/2022<br />
36223T WH 0 GNMA GNSF 317548........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................20 ....................20 .....................21 .....................20 .................... .................... ...................... ....................0 ................... ......................20 .................. ....................... ....................0 ...................1 12/15/2021<br />
36223U J4 1 GNMA GNSF 318083........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................260 ..................260 ...................268 ...................260 .................... .................... ...................... ....................0 ................... ....................260 .................. ....................... ....................0 ...................6 02/15/2022<br />
36223U NB 0 GNMA GNSF 318186........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................63 ....................63 .....................65 .....................62 .................... .................... ...................... ....................0 ................... ......................63 .................. ....................... ....................0 ...................3 12/15/2021<br />
36223W Y4 0 GNMA GNSF 320331........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................115 ..................115 ...................118 ...................114 .................... .................1 ...................... ....................1 ................... ....................115 .................. ....................... ....................0 ...................5 03/15/2022<br />
36224A 7L 9 GNMA GNSF 323199........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................165 ..................165 ...................171 ...................168 .................... ................(3) ...................... ...................(3) ................... ....................165 .................. ....................... ....................0 ...................8 08/15/2022<br />
36224E 6R 9 GNMA GNSF 326780........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................167 ..................167 ...................172 ...................166 .................... .................1 ...................... ....................1 ................... ....................167 .................. ....................... ....................0 ...................7 06/15/2022<br />
36224G JT 6 GNMA GNSF 327974........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................71 ....................71 .....................73 .....................71 .................... .................1 ...................... ....................1 ................... ......................71 .................. ....................... ....................0 ...................3 06/15/2022<br />
36224H N2 8 GNMA GNSF 329009........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,389 ...............1,389 ................1,425 ................1,383 .................... .................6 ...................... ....................6 ................... .................1,389 .................. ....................... ....................0 .................61 06/15/2022<br />
36224H V4 5 GNMA GNSF 329235........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,331 ...............1,331 ................1,407 ................1,325 .................... .................6 ...................... ....................6 ................... .................1,331 .................. ....................... ....................0 .................63 05/15/2022<br />
36224N UZ 4 GNMA GNSF 333700........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................18 ....................18 .....................19 .....................18 .................... .................... ...................... ....................0 ................... ......................18 .................. ....................... ....................0 ...................1 09/15/2022<br />
36224N WZ 2 GNMA GNSF 333764........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................31 ....................31 .....................32 .....................31 .................... .................... ...................... ....................0 ................... ......................31 .................. ....................... ....................0 ...................2 10/15/2022<br />
36224T WP 1 GNMA GNSF 338254........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................822 ..................822 ...................845 ...................819 .................... .................3 ...................... ....................3 ................... ....................822 .................. ....................... ....................0 .................36 11/15/2022<br />
36203M RY 8 GNMA GNSF 353403........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................26 ....................26 .....................25 .....................26 .................... .................... ...................... ....................0 ................... ......................26 .................. ....................... ....................0 ...................1 09/15/2025
E14.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
36205A Q6 4 GNMA GNSF 384877........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,222 ...............1,222 ................1,187 ................1,215 .................... .................7 ...................... ....................7 ................... .................1,222 .................. ....................... ....................0 .................76 10/15/2025<br />
36206P CX 6 GNMA GNSF 416886........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,487 ...............9,487 ................9,194 ................9,415 .................... ...............72 ...................... ..................72 ................... .................9,487 .................. ....................... ....................0 ...............332 03/15/2026<br />
36206X F4 0 GNMA GNSF 424187........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................454 ..................454 ...................439 ...................454 .................... .................... ...................... ....................0 ................... ....................454 .................. ....................... ....................0 .................10 04/15/2026<br />
36207A HL 9 GNMA GNSF 426035........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............11,004 .............11,004 ..............10,666 ..............10,957 .................... ...............46 ...................... ..................46 ................... ...............11,004 .................. ....................... ....................0 ...............448 04/15/2026<br />
36207K WC 0 GNMA GNSF 434543........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................243 ..................243 ...................239 ...................243 .................... ................(1) ...................... ...................(1) ................... ....................243 .................. ....................... ....................0 .................10 09/15/2029<br />
36207T US 8 GNMA GNSF 441693........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,640 ...............2,640 ................2,617 ................2,641 .................... ................(1) ...................... ...................(1) ................... .................2,640 .................. ....................... ....................0 ...............104 03/15/2028<br />
36207V WM 4 GNMA GNSF 443552........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................192 ..................192 ...................188 ...................192 .................... .................... ...................... ....................0 ................... ....................192 .................. ....................... ....................0 ...................7 03/15/2028<br />
36208D XY 6 GNMA GNSF 448095........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,554 ...............2,554 ................2,523 ................2,559 .................... ................(5) ...................... ...................(5) ................... .................2,554 .................. ....................... ....................0 ...............162 02/15/2028<br />
36208T AG 5 GNMA GNSF 460007........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................504 ..................504 ...................497 ...................504 .................... .................... ...................... ....................0 ................... ....................504 .................. ....................... ....................0 .................18 03/15/2028<br />
36208T H6 0 GNMA GNSF 460253........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................87 ....................87 .....................85 .....................87 .................... .................... ...................... ....................0 ................... ......................87 .................. ....................... ....................0 ...................3 02/15/2028<br />
36208V X2 6 GNMA GNSF 462497........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................308 ..................308 ...................305 ...................309 .................... ................(1) ...................... ...................(1) ................... ....................308 .................. ....................... ....................0 .................11 01/15/2028<br />
36208V 3Y 9 GNMA GNSF 462615........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................236 ..................236 ...................235 ...................237 .................... .................... ...................... ....................0 ................... ....................236 .................. ....................... ....................0 ...................9 03/15/2028<br />
36209B XX 1 GNMA GNSF 466994........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,132 ...............7,132 ................7,049 ................7,127 .................... .................5 ...................... ....................5 ................... .................7,132 .................. ....................... ....................0 ...............338 02/15/2028<br />
36209E FW 7 GNMA GNSF 469181........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,377 .............10,377 ..............10,235 ..............10,357 .................... ...............20 ...................... ..................20 ................... ...............10,377 .................. ....................... ....................0 ...............230 03/15/2028<br />
36202B 2U 8 GNMA II PL # 1687 PSTHR................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,485 ...............3,485 ................3,577 ................3,468 .................... ...............18 ...................... ..................18 ................... .................3,485 .................. ....................... ....................0 ...............204 09/20/2021<br />
36202B 3N 3 GNMA II PL # 1705 PSTHR................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,666 ...............2,666 ................2,723 ................2,651 .................... ...............16 ...................... ..................16 ................... .................2,666 .................. ....................... ....................0 ...............132 10/10/2021<br />
36202B 4G 7 GNMA II PL #1723 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............12,579 .............12,579 ..............12,827 ..............12,539 .................... ...............40 ...................... ..................40 ................... ...............12,579 .................. ....................... ....................0 ...............478 11/20/2021<br />
36223H HL 4 GNMA LARGE PL#308135 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............93,435 .............93,435 ..............88,743 ..............90,514 .................... ..........2,921 ...................... .............2,921 ................... ...............93,435 .................. ....................... ....................0 ............3,765 02/15/2022<br />
36215X Z8 8 GNMA PL # 148467 PSTHR................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,141 ...............2,141 ................2,215 ................2,115 .................... ...............26 ...................... ..................26 ................... .................2,141 .................. ....................... ....................0 ...............130 02/15/2016<br />
36214X 4V 2 GNMA PL# 119736 PSTHR................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,293 ...............3,293 ................3,385 ................3,294 .................... ................(1) ...................... ...................(1) ................... .................3,293 .................. ....................... ....................0 ...............218 04/20/2015<br />
36202A SB 4 GNMA PL# 514 PSTHR....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,127 ...............1,127 ................1,205 ................1,127 .................... .................... ...................... ....................0 ................... .................1,127 .................. ....................... ....................0 .................65 03/20/2016<br />
36202A CA 3 GNMA PL# 65 PSTHR......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,941 ...............2,941 ................3,037 ................2,942 .................... ................(1) ...................... ...................(1) ................... .................2,941 .................. ....................... ....................0 ...............203 01/20/2014<br />
36216U RT 6 GNMA PL#175198................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,931 ...............1,931 ................1,658 ................1,920 .................... ...............10 ...................... ..................10 ................... .................1,931 .................. ....................... ....................0 .................91 10/15/2016<br />
36217F Q2 8 GNMA PL#192273................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............27,830 .............27,830 ..............24,885 ..............27,169 .................... .............661 ...................... ................661 ................... ...............27,830 .................. ....................... ....................0 ............1,514 01/15/2017<br />
36217H SS 5 GNMA PL#194129................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,904 ...............2,904 ................2,256 ................2,912 .................... ................(8) ...................... ...................(8) ................... .................2,904 .................. ....................... ....................0 ...............127 04/15/2017<br />
36217S 6J 5 GNMA PL#202573................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................993 ..................993 ...................856 ...................991 .................... .................2 ...................... ....................2 ................... ....................993 .................. ....................... ....................0 .................46 01/15/2017<br />
36218A WM 7 GNMA PL#216752................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,740 .............10,740 ..............10,029 ..............10,764 .................... ..............(24) ...................... .................(24) ................... ...............10,740 .................. ....................... ....................0 ...............501 05/15/2017<br />
36223V WY 8 GNMA PL#319363 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,454 ...............1,454 ................1,553 ................1,452 .................... .................2 ...................... ....................2 ................... .................1,454 .................. ....................... ....................0 .................68 04/15/2022<br />
36224F QM 5 GNMA PL#327260 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............72,085 .............72,085 ..............77,216 ..............72,090 .................... ................(5) ...................... ...................(5) ................... ...............72,085 .................. ....................... ....................0 ............2,013 07/15/2022<br />
36224M JT 3 GNMA PL#332474 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,564 ...............4,564 ................4,447 ................4,574 .................... ..............(10) ...................... .................(10) ................... .................4,564 .................. ....................... ....................0 ...............204 08/15/2024<br />
36224S V3 3 GNMA PL#337334 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............31,772 .............31,772 ..............32,802 ..............31,814 .................... ..............(42) ...................... .................(42) ................... ...............31,772 .................. ....................... ....................0 ............1,363 07/15/2023<br />
36224U EF 0 GNMA PL#338634 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,158 .............10,158 ..............11,077 ..............10,112 .................... ...............46 ...................... ..................46 ................... ...............10,158 .................. ....................... ....................0 ...............656 01/15/2023<br />
36203D B7 4 GNMA PL#345762 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............36,667 .............36,667 ..............38,794 ..............36,514 .................... .............154 ...................... ................154 ................... ...............36,667 .................. ....................... ....................0 ............1,307 07/15/2026<br />
36203K MM 3 GNMA PL#351464 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............31,633 .............31,633 ..............34,674 ..............31,778 .................... ............(144) ...................... ...............(144) ................... ...............31,633 .................. ....................... ....................0 ...............899 02/15/2024<br />
36203P CS 0 GNMA PL#354781 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............44,798 .............44,798 ..............48,524 ..............44,702 .................... ...............96 ...................... ..................96 ................... ...............44,798 .................. ....................... ....................0 ............1,540 03/15/2024<br />
362065 P7 3 GNMA PL#35546 PSTHR.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............12,010 .............12,010 ..............11,474 ..............11,951 .................... ...............59 ...................... ..................59 ................... ...............12,010 .................. ....................... ....................0 ...............728 12/15/2009<br />
362066 LR 1 GNMA PL#36336.................................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,682 ...............2,682 ................2,455 ................2,677 .................... .................6 ...................... ....................6 ................... .................2,682 .................. ....................... ....................0 ...............171 12/15/2009<br />
36204K BF 9 GNMA PL#371838 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,362 .............19,362 ..............20,805 ..............19,287 .................... ...............75 ...................... ..................75 ................... ...............19,362 .................. ....................... ....................0 ...............811 06/15/2024<br />
36204U XK 2 GNMA PL#380582 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............12,568 .............12,568 ..............14,701 ..............12,634 .................... ..............(66) ...................... .................(66) ................... ...............12,568 .................. ....................... ....................0 ...............488 08/15/2009<br />
36207N TJ 3 GNMA PL#437153................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............88,374 .............88,374 ..............89,648 ..............88,327 .................... ...............46 ...................... ..................46 ................... ...............88,374 .................. ....................... ....................0 ............4,662 01/15/2027<br />
36208Y LZ 0 GNMA PL#464844 30YR TBA PSTHR................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............26,571 .............26,571 ..............28,465 ..............26,536 .................... ...............36 ...................... ..................36 ................... ...............26,571 .................. ....................... ....................0 ............1,307 09/15/2028<br />
36225A AJ 9 GNMA PL#780009 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........230,964 ...........230,964 ............242,521 ............231,611 .................... ............(647) ...................... ...............(647) ................... .............230,964 .................. ....................... ....................0 ............9,389 12/15/2009<br />
36225A LM 0 GNMA PL#780332 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,589 ...............9,589 ..............11,775 ................9,694 .................... ............(106) ...................... ...............(106) ................... .................9,589 .................. ....................... ....................0 ...............380 11/15/2009<br />
38373V MK 3 GNMA REMIC SER 2002-61 CL BA C................ ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ........6,909,205 ........6,909,205 .........6,844,393 .........6,884,128 .................... ........25,077 ...................... ...........25,077 ................... ..........6,909,205 .................. ....................... ....................0 ........146,837 03/16/2026<br />
38373X 7W 0 GNMA REMIC SER 2002-62 CL B....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,287,552 ........4,287,552 .........4,327,712 .........4,287,578 .................... ..............(26) ...................... .................(26) ................... ..........4,287,552 .................. ....................... ....................0 ........113,692 01/16/2025<br />
3837H0 AG 8 GNMA REMIC SER 94-1 CL PK.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,589,035 ........1,589,035 .........1,631,945 .........1,586,700 .................... ..........2,335 ...................... .............2,335 ................... ..........1,589,035 .................. ....................... ....................0 ..........59,162 06/16/2024<br />
38373M AB 6 GNMA REMIC 2001-12 CL B CMBS................... ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ...........139,060 ...........139,060 ............200,449 ............196,805 .................... .......(57,746) ...................... ..........(57,746) ................... .............139,060 .................. ....................... ....................0 ............2,556 06/16/2021<br />
38373M CE 8 GNMA SER 2002-28 CL B................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,889,034 ........2,889,034 .........2,888,979 .........2,889,034 .................... .................... ...................... ....................0 ................... ..........2,889,034 .................. ....................... ....................0 ..........87,227 07/16/2024<br />
38373M FV 7 GNMA SER 2002-56 CL B................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........9,453,216 ........9,453,216 .........9,438,629 .........9,453,201 .................... ...............15 ...................... ..................15 ................... ..........9,453,216 .................. ....................... ....................0 ........290,532 07/16/2024<br />
38373V AC 4 GNMA SER 2002-59 CL BG CMO....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,984,699 ........2,984,699 .........3,083,655 .........2,984,159 .................... .............540 ...................... ................540 ................... ..........2,984,699 .................. ....................... ....................0 ..........86,976 09/20/2031<br />
3837H1 UY 5 GNMA SER 98-19 CL N....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............87,090 .............87,090 ..............87,266 ..............87,091 .................... .................... ...................... ....................0 ................... ...............87,090 .................. ....................... ....................0 ............3,066 07/20/2028<br />
36223V TZ 9 GNMA 2 GNSF 319268........................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................283 ..................283 ...................295 ...................281 .................... .................2 ...................... ....................2 ................... ....................283 .................. ....................... ....................0 .................12 11/15/2021<br />
38373Y MV 3 GNMA 2002-91 CL C REMIC TR VAR................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,559,811 ........2,559,811 .........2,559,811 .........2,559,811 .................... .................... ...................... ....................0 ................... ..........2,559,811 .................. ....................... ....................0 ..........96,986 02/16/2027<br />
38374E CY 1 GNMA 2003-102 CL PD CMO.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........131,368 ...........131,368 ............130,862 ............131,373 .................... ................(5) ...................... ...................(5) ................... .............131,368 .................. ....................... ....................0 ............2,774 05/20/2033
E14.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
38373M HA 1 GNMA 2003-43 CL B CMBS................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,957,220 ........1,957,220 .........1,957,220 .........1,957,220 .................... .................... ...................... ....................0 ................... ..........1,957,220 .................. ....................... ....................0 ..........53,924 04/16/2033<br />
36203P AU 7 GNMA 30YR PL#354719 PSTHR........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............49,212 .............49,212 ..............49,513 ..............49,209 .................... .................3 ...................... ....................3 ................... ...............49,212 .................. ....................... ....................0 ............1,633 01/15/2024<br />
01N052 61 6 GNMA 5.5% JAN 30YR TBA................................ ... 01/16/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...........101,848 ...........100,000 ..............99,797 ..............99,797 .................... .................... ...................... ....................0 ................... ...............99,797 .................. .............2,051 .............2,051 ...............321 01/01/2038<br />
01N060 61 9 GNMA 6% JAN 30YR TBA................................... ... 01/16/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...........103,090 ...........100,000 ............101,688 ............101,688 .................... .................... ...................... ....................0 ................... .............101,688 .................. .............1,402 .............1,402 ...............350 01/01/2038<br />
36202A Y2 7 GNMA2 G2SF 000729.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............14,130 .............14,130 ..............14,094 ..............14,130 .................... .................... ...................... ....................0 ................... ...............14,130 .................. ....................... ....................0 ...............700 03/20/2017<br />
36202B 4X 0 GNMA2 G2SF 001738.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................502 ..................502 ...................501 ...................502 .................... .................... ...................... ....................0 ................... ....................502 .................. ....................... ....................0 .................25 12/20/2021<br />
36202C A5 2 GNMA2 G2SF 001828.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,841 ...............1,841 ................1,837 ................1,842 .................... .................... ...................... ....................0 ................... .................1,841 .................. ....................... ....................0 .................67 05/20/2022<br />
36202C BM 4 GNMA2 G2SF 001844.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,711 ...............5,711 ................5,697 ................5,709 .................... .................2 ...................... ....................2 ................... .................5,711 .................. ....................... ....................0 ...............231 06/20/2022<br />
36215T TT 8 GNMA2 G2SF 144662.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,952 ...............1,952 ................1,754 ................1,961 .................... ................(9) ...................... ...................(9) ................... .................1,952 .................. ....................... ....................0 .................86 08/20/2016<br />
649085 AA 5 NEW VALLEY GENERATION II PTC.................. ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ...........325,993 ...........325,993 ............331,638 ............325,997 .................... ................(3) ...................... ...................(3) ................... .............325,993 .................. ....................... ....................0 ............9,082 05/01/2020<br />
64908Q AA 9 NEW VALLEY GENERATION V PTC.................. ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... ...........195,786 ...........195,786 ............195,786 ............195,786 .................... .................... ...................... ....................0 ................... .............195,786 .................. ....................... ....................0 ............4,825 01/15/2021<br />
690353 KW 6 OVERSEAS PVT INVEST CO TRANCHE.......... ... 08/22/2008. CALLED...................................... ........................... ...........174,767 ...........174,767 ............174,767 ............174,767 .................... .................... ...................... ....................0 ................... .............174,767 .................. ....................... ....................0 ............9,437 05/29/2012<br />
690353 KY 2 OVERSEAS PVT INVEST CO TRANCHE.......... ... 08/15/2008. CALLED...................................... ........................... .............50,668 .............50,668 ..............50,668 ..............50,668 .................... .................... ...................... ....................0 ................... ...............50,668 .................. ....................... ....................0 ............2,179 05/29/2012<br />
83162C AW 3 SMALL BUS ADMIN DEB 1988-20A.................... ... 01/01/2008. MATURED.................................. ........................... ...............9,139 ...............9,139 ................9,139 ................9,139 .................... .................... ...................... ....................0 ................... .................9,139 .................. ....................... ....................0 ...............451 01/01/2008<br />
83162C BL 6 SMALL BUS ADMIN 1988-20............................... ... 12/01/2008. VARIOUS................................... ........................... ...............7,539 ...............7,539 ................7,539 ................7,539 .................... .................... ...................... ....................0 ................... .................7,539 .................. ....................... ....................0 ...............495 12/01/2008<br />
83162C BF 9 SMALL BUS ADMIN 1988-20H............................ ... 08/01/2008. VARIOUS................................... ........................... ...............2,952 ...............2,952 ................2,952 ................2,952 .................... .................... ...................... ....................0 ................... .................2,952 .................. ....................... ....................0 ...............224 08/01/2008<br />
83162C BJ 1 SMALL BUS ADMIN 1988-20J............................. ... 10/01/2008. VARIOUS................................... ........................... ...............1,509 ...............1,509 ................1,509 ................1,509 .................... .................... ...................... ....................0 ................... .................1,509 .................. ....................... ....................0 ...............112 10/01/2008<br />
83162C BK 8 SMALL BUS ADMIN 1988-20K............................ ... 11/01/2008. VARIOUS................................... ........................... .............11,459 .............11,459 ..............11,459 ..............11,459 .................... .................... ...................... ....................0 ................... ...............11,459 .................. ....................... ....................0 ...............849 11/01/2008<br />
83162C BP 7 SMALL BUS ADMIN 1989-20B............................ ... 08/01/2008. CALLED AT 100......................... ........................... ...............7,703 ...............7,703 ................7,703 ................7,703 .................... .................... ...................... ....................0 ................... .................7,703 .................. ....................... ....................0 ...............400 02/01/2009<br />
83162C BQ 5 SMALL BUS ADMIN 1989-20C............................ ... 09/01/2008. CALLED AT 100......................... ........................... ...............9,399 ...............9,399 ................9,399 ................9,399 .................... .................... ...................... ....................0 ................... .................9,399 .................. ....................... ....................0 ...............766 03/01/2009<br />
83162C MX 8 SMALL BUSINESS ADMIN SBAP 03-0............... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,053,492 ........1,053,492 .........1,053,492 .........1,053,492 .................... .................... ...................... ....................0 ................... ..........1,053,492 .................. ....................... ....................0 ..........36,600 04/01/2023<br />
83162C MW 0 SMALL BUSINESS ADMIN SBAP 03-2............... ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ...........329,054 ...........329,054 ............329,054 ............329,054 .................... .................... ...................... ....................0 ................... .............329,054 .................. ....................... ....................0 ..........11,627 03/01/2023<br />
83162C MZ 3 SMALL BUSINESS ADMIN SBAP 03-2............... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........946,673 ...........946,673 ............946,673 ............946,673 .................... .................... ...................... ....................0 ................... .............946,673 .................. ....................... ....................0 ..........37,375 05/01/2023<br />
83162C GR 8 SMALL BUSINESS ADMIN 96-D......................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... .............80,453 .............80,453 ..............79,817 ..............80,452 .................... .................... ...................... ....................0 ................... ...............80,453 .................. ....................... ....................0 ............4,378 04/01/2016<br />
83162C GU 1 SMALL BUSINESS ADMIN 96-F......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........197,142 ...........197,142 ............204,316 ............197,142 .................... .................... ...................... ....................0 ................... .............197,142 .................. ....................... ....................0 ............9,715 06/01/2016<br />
831641 CP 8 SMALL BUSINESS INVEST CO SBIC................ ... 02/01/2008. MATURED.................................. ........................... ...........271,954 ...........271,954 ............271,954 ............271,954 .................... .................... ...................... ....................0 ................... .............271,954 .................. ....................... ....................0 ............4,196 02/01/2008<br />
91202P AA 7 U S GOVT ARMY AIR & NAVY DEB................... ... 07/15/2008. UNASSIGNED REPAYMENT.... ........................... ...........258,247 ...........258,247 ............257,369 ............258,245 .................... .................2 ...................... ....................2 ................... .............258,247 .................. ....................... ....................0 ..........16,578 07/15/2013<br />
912827 6R 8 UNITED STATES TREAS INFLATION................ ... 12/09/2008. BARCLAYS CAPITAL................ ........................... ...........251,690 ...........263,206 ............259,669 .......................... .................... ...............42 ...................... ..................42 ................... .............259,876 .................. ............(8,186) ............(8,186) ............3,705 01/15/2011<br />
912828 AF 7 UNITED STATES TREAS INFLATION................ ... 02/08/2008. SALOMON SMITH BARNEY INC ........................... ...........129,135 ...........116,868 ............120,030 ............119,593 .................... ............(129) ...................... ...............(129) ................... .............119,435 .................. .............9,700 .............9,700 ............3,243 07/15/2012<br />
912828 HJ 2 UNITED STATES TREAS NT.............................. ... 01/02/2008. DEUTSCHE BANK SECS INC... ........................... ...........763,447 ...........763,000 ............761,698 ............761,719 .................... .................5 ...................... ....................5 ................... .............761,724 .................. .............1,723 .............1,723 ............2,215 11/30/2009<br />
912828 HM 5 UNITED STATES TREAS NT.............................. ... 01/30/2008. VARIOUS................................... ........................... ........1,322,949 ........1,285,000 .........1,294,638 .........1,294,638 .................... ..............(93) ...................... .................(93) ................... ..........1,294,545 .................. ...........28,404 ...........28,404 ............2,700 12/31/2012<br />
912828 GR 5 UNITED STATES TREAS NTS............................ ... 01/23/2008. VARIOUS................................... ........................... .............89,395 .............85,000 ..............88,223 ..............88,139 .................... ..............(74) ...................... .................(74) ................... ...............88,065 .................. .............1,330 .............1,330 ...............708 05/15/2010<br />
912810 PT 9 UNITED STATES TREASURY BD...................... ... 02/11/2008. VARIOUS................................... ........................... ...........312,246 ...........294,000 ............284,071 ............284,130 .................... ...............17 ...................... ..................17 ................... .............284,146 .................. ...........28,100 ...........28,100 ............6,604 02/15/2037<br />
912827 4Y 5 UNITED STATES TREASURY INFLATI.............. ... 10/20/2008. BARCLAYS CAPITAL................ ........................... ...........184,469 ...........171,314 ............174,619 ............174,076 .................... .........(2,133) ...................... ............(2,133) ................... .............171,943 .................. ...........12,526 ...........12,526 ............8,589 01/15/2009<br />
912828 HH 6 UNITED STATES TREASURY NT....................... ... 02/08/2008. VARIOUS................................... ........................... ...........135,580 ...........131,000 ............132,002 ............131,999 .................... ................(4) ...................... ...................(4) ................... .............131,995 .................. .............3,585 .............3,585 ...............999 11/15/2017<br />
912810 DB 1 US TREASURY BONDS...................................... ... 04/03/2008. CALLED AT 100......................... ........................... ...........125,000 ...........125,000 ............122,594 ............123,997 .................... ...............41 ...................... ..................41 ................... .............124,038 .................. ................962 ................962 ...................... 11/15/2012<br />
0399999. Total - Bonds - U.S. Government........................................................... .................................................................................. ....133,343,966 ....201,715,892 .....127,948,594 .....131,320,964 .................0 ......655,847 ..................0 .........655,847 ................0 ......132,601,349 ...............0 .........742,617 .........742,617 .....3,738,266 .....XXX.....<br />
Bonds - All Other Government<br />
040114 GM 6 ARGENTINA (REP OF) GDP LINKED................. ... 09/08/2008. ABN AMRO SECURITIES (USA) INC ........................... ........1,170,128 ......12,157,176 .......................1 ...................125 .................... ...............38 ...................... ..................38 ................... ....................163 .................. ......1,169,965 ......1,169,965 ...................... 12/15/2035<br />
P8055K KT 1 ARGENTINA (REP OF) SERIES 1 FL................. F. 08/03/2008. SCHEDULED REPAYMENT...... ........................... ........1,386,250 ........1,386,250 .........1,255,990 .........1,385,325 .................... .............925 ...................... ................925 ................... ..........1,386,250 .................. ....................... ....................0 ..........37,574 08/03/2012<br />
135143 AZ 8 CANADA MTG & HSG CORP.............................. ... 12/04/2008. DAIN RAUSCHER WESSELS... ........................... .............31,838 .............30,000 ..............29,940 ..............29,945 .................... ...............13 ...................... ..................13 ................... ...............29,958 .................. .............1,880 .............1,880 ............1,908 09/01/2011<br />
G1980# AA 9 CAYMAN ISLAND GOVT NT............................... F. 10/08/2008. SCHEDULED REPAYMENT...... ........................... ........2,333,333 ........2,333,333 .........2,333,333 .........2,333,333 .................... .................... ...................... ....................0 ................... ..........2,333,333 .................. ....................... ....................0 ..........92,750 04/08/2018<br />
195325 BK 0 COLOMBIA (REP OF) GLBL BD......................... ... 08/13/2008. LEHMAN BROTHERS............... ........................... ........8,190,000 ........7,500,000 .........7,841,500 .........7,838,570 .................... .........(2,288) ...................... ............(2,288) ................... ..........7,836,282 .................. .........353,718 .........353,718 ........507,031 09/18/2037<br />
195325 BJ 3 COLOMBIA REP GLBL NT.................................. ... 08/13/2008. HSBC SECURITIES INC............ ........................... ......14,248,000 ......13,000,000 .......13,798,700 .......13,738,476 .................... .......(38,863) ...................... ..........(38,863) ................... ........13,699,613 .................. .........548,387 .........548,387 .....1,014,677 01/27/2017<br />
P3579E AC 1 DOMINICAN REPUBLIC REG S BD.................... ... 09/27/2008. SCHEDULED REPAYMENT...... ........................... ...........768,493 ...........768,493 ............812,100 ............769,193 .................... ............(700) ...................... ...............(700) ................... .............768,493 .................. ....................... ....................0 ..........57,226 09/27/2011<br />
465139 DU 4 ISRAEL ST AID U.S. AGENCY BOND................ ... 02/15/2008. MATURED.................................. ........................... ........1,309,956 ........1,309,956 .........1,222,124 .........1,309,196 .................... .............760 ...................... ................760 ................... ..........1,309,956 .................. ....................... ....................0 ..........43,229 02/15/2008<br />
683234 ZH 4 ONTARIO (PROV OF) CDA BD........................... ... 12/04/2008. DAIN RAUSCHER WESSELS... ........................... .............42,280 .............40,000 ..............39,787 ..............39,803 .................... ...............38 ...................... ..................38 ................... ...............39,842 .................. .............2,438 .............2,438 ............2,024 06/01/2012<br />
695847 AC 7 PAKISTAN ISLAMIC REP 144A NT..................... ... 04/03/2008. VARIOUS................................... ........................... ........3,543,650 ........4,170,000 .........4,170,000 .........4,170,000 .................... .................... ...................... ....................0 ................... ..........4,170,000 .................. ........(626,350) ........(626,350) ........100,755 06/01/2017<br />
718286 AE 7 PHILIPPINES REP SR DBS................................ ... 04/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............865,750 ............993,478 .................... ..........6,522 ...................... .............6,522 ................... ..........1,000,000 .................. ....................... ....................0 ..........44,375 04/15/2008<br />
X74344 DM 5 RUSSIAN FEDERATION SER REG S S............. F. 09/30/2008. CALLED AT 100......................... ........................... .............19,500 .............19,500 ..............13,312 ..............15,159 .................... .................2 ...................... ....................2 ................... ...............15,161 .................. .............4,339 .............4,339 ............1,097 03/31/2030<br />
78307A CY 7 RUSSIAN FEDERATION 144A BD...................... ... 09/30/2008. CALLED AT 100......................... ........................... ...............3,925 ...............3,925 ...................394 ...................420 .................... .................... ...................... ....................0 ................... ....................420 .................. .............3,505 .............3,505 ...............243 03/31/2010<br />
836205 AJ 3 SOUTH AFRICA REPUBLIC OF GLBL............... ... 08/27/2008. SALOMON SMITH BARNEY INC ........................... ........8,220,000 ........8,000,000 .........7,955,010 .........7,967,858 .................... ..........2,769 ...................... .............2,769 ................... ..........7,970,627 .................. .........249,373 .........249,373 ........390,000 06/02/2014<br />
900123 AZ 3 TURKEY (REPUBLIC OF) NT.............................. ... 08/27/2008. ING SECURITIES CORP........... ........................... ........6,426,000 ........6,300,000 .........6,322,560 .........6,321,552 .................... .........(1,267) ...................... ............(1,267) ................... ..........6,320,284 .................. .........105,716 .........105,716 ........411,600 09/26/2016<br />
900123 AW 0 TURKEY REP GLBL BD...................................... ... 08/27/2008. ING SECURITIES CORP........... ........................... ........7,035,000 ........7,000,000 .........6,868,750 .........6,878,074 .................... ..........2,440 ...................... .............2,440 ................... ..........6,880,514 .................. .........154,486 .........154,486 ........554,969 02/05/2025
E14.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
P97497 AL 8 VENEZUELA DCB SER DL FLTG RT B.............. F. ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ............2,465 12/18/2007<br />
1099999. Total - Bonds - All Other Government................................................... .................................................................................. ......55,728,353 ......65,018,633 .......53,529,251 .......53,790,507 .................0 .......(29,611) ..................0 ..........(29,611) ................0 ........53,760,896 ...............0 ......1,967,457 ......1,967,457 .....3,261,923 .....XXX.....<br />
Bonds - States, Territories and Possessions<br />
110709 EH 1 BRITISH COLUMBIA PROV CDA SER............... C 06/09/2008. MATURED.................................. ........................... ........5,356,002 ........5,450,000 .........4,164,076 .........5,620,021 .................... .......(37,296) ...................... ..........(37,296) .(1,752,910) ..........5,356,002 .1,526,187 ....................... ......1,526,187 ........160,680 06/09/2008<br />
683234 MF 2 ONTARIO (PROV OF) GLBL BD......................... ... 10/01/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,063,500 .........5,008,322 .................... .........(8,322) ...................... ............(8,322) ................... ..........5,000,000 .................. ....................... ....................0 ........275,000 10/01/2008<br />
745190 AX 6 PUERTO RICO COMMONWEALTH HWY R...... ... 01/01/2008. EXCHANGED............................. ........................... ...........483,660 ...........500,000 ............481,595 ............483,660 .................... .................1 ...................... ....................1 ................... .............483,661 .................. ...................(1) ...................(1) ..........12,500 07/01/2038<br />
1799999. Total - Bonds - States, Territories & Possessions................................. .................................................................................. ......10,839,662 ......10,950,000 .........9,709,171 .......11,112,003 .................0 .......(45,617) ..................0 ..........(45,617) .(1,752,910) ........10,839,663 .1,526,187 ...................(1) ......1,526,186 ........448,180 .....XXX.....<br />
Bonds - Political Subdivisions of States<br />
167484 U6 9 CHICAGO IL CAP APPREC TXBL CEN.............. ... 12/01/2008. MATURED.................................. ........................... ...........200,000 ...........200,000 ............162,158 ............192,726 .................... ..........7,274 ...................... .............7,274 ................... .............200,000 .................. ....................... ....................0 ...................... 12/01/2008<br />
20281P BB 7 COMMONWEALTH FING AUTH PA REV........... ... 06/01/2008. CALLED AT 100......................... ........................... ...........110,000 ...........110,000 ............110,692 ............110,649 .................... .................... ...................... ....................0 ................... .............110,649 .................. ...............(649) ...............(649) ............3,097 06/01/2023<br />
519258 AM 9 LAURENTIAN ENRG AUTH MN COGEN............ ... 12/01/2008. CALLED AT 100......................... ........................... ...........110,000 ...........110,000 ............110,000 ............110,000 .................... .................... ...................... ....................0 ................... .............110,000 .................. ....................... ....................0 ............6,919 12/01/2011<br />
592646 HK 2 METROPOLITAN WASHINGTON DC AIR.......... ... 10/01/2008. MATURED.................................. ........................... ........2,045,000 ........2,045,000 .........2,045,000 .........2,045,000 .................... .................... ...................... ....................0 ................... ..........2,045,000 .................. ....................... ....................0 ..........79,346 10/01/2008<br />
645918 BU 6 NJ ECON DEV AUTH REV TXBL BUS............... ... 11/01/2008. CALLED AT 100......................... ........................... ...........110,000 ...........110,000 ............110,000 ............110,000 .................... .................... ...................... ....................0 ................... .............110,000 .................. ....................... ....................0 ............5,696 11/01/2015<br />
649870 BL 5 NY ST HSG FIN AGY TXBL-ECON DE............... ... 03/15/2008. MATURED.................................. ........................... ...........660,000 ...........660,000 ............660,000 ............660,000 .................... .................... ...................... ....................0 ................... .............660,000 .................. ....................... ....................0 ..........10,857 03/15/2008<br />
649870 BM 3 NY ST HSG FIN AGY TXBL-ECON DE............... ... 09/15/2008. MATURED.................................. ........................... ...........900,000 ...........900,000 ............900,000 ............900,000 .................... .................... ...................... ....................0 ................... .............900,000 .................. ....................... ....................0 ..........29,610 09/15/2008<br />
686053 AF 6 OREGON SCH BRDS ASSN TAX PEN D........... ... 06/30/2008. MATURED.................................. ........................... ........3,850,000 ........3,850,000 .........3,084,582 .........3,775,433 .................... ........74,567 ...................... ...........74,567 ................... ..........3,850,000 .................. ....................... ....................0 ...................... 06/30/2008<br />
745160 MZ 1 PUERTO RICO AQUE & SWR REV BON........... ... 04/18/2008. CALLED AT 100.75.................... ........................... ...........256,913 ...........255,000 ............252,017 ............253,427 .................... ...............52 ...................... ..................52 ................... .............253,479 .................. .............3,434 .............3,434 ..........10,165 07/01/2015<br />
854489 AR 2 STANISLAUS CNTY CALIF PENSION................ ... 08/15/2008. CALLED AT 100......................... ........................... ...........280,000 ...........280,000 ............280,000 ............280,000 .................... .................... ...................... ....................0 ................... .............280,000 .................. ....................... ....................0 ..........20,020 08/15/2013<br />
88880L AA 1 TOBACCO SETTLEMENT FIN AUTH W............. ... 06/02/2008. CALLED AT 100......................... ........................... ...........370,000 ...........370,000 ............373,095 ............373,082 .................... .................... ...................... ....................0 ................... .............373,082 .................. ............(3,082) ............(3,082) ..........13,814 06/01/2047<br />
2499999. Total - Bonds - Political Subdivisions of States..................................... .................................................................................. ........8,891,913 ........8,890,000 .........8,087,544 .........8,810,317 .................0 ........81,893 ..................0 ...........81,893 ................0 ..........8,892,210 ...............0 ...............(297) ...............(297) ........179,524 .....XXX.....<br />
Bonds - Special Revenue and Special Assessment<br />
3133XD M9 9 FEDERAL HOME LOAN BANKS FHLB B........... ... 12/25/2008. SCHEDULED REPAYMENT...... ........................... ........2,788,164 ........2,788,164 .........2,788,360 .........2,788,209 .................... ..............(45) ...................... .................(45) ................... ..........2,788,164 .................. ....................... ....................0 ..........72,861 10/25/2012<br />
3133XB RJ 6 FEDERAL HOME LOAN BANKS FHLB Q........... ... 12/28/2008. SCHEDULED REPAYMENT...... ........................... ........2,067,338 ........2,067,338 .........2,057,258 .........2,065,912 .................... ..........1,426 ...................... .............1,426 ................... ..........2,067,338 .................. ....................... ....................0 ..........51,211 04/28/2015<br />
3133XC QE 6 FEDERAL HOME LOAN BANKS FHLB S........... ... 12/28/2008. SCHEDULED REPAYMENT...... ........................... ........1,071,164 ........1,071,164 .........1,072,341 .........1,071,154 .................... ...............10 ...................... ..................10 ................... ..........1,071,164 .................. ....................... ....................0 ..........28,632 07/28/2015<br />
3133XC WG 4 FEDERAL HOME LOAN BANKS FHLB S........... ... 12/24/2008. SCHEDULED REPAYMENT...... ........................... ........1,004,768 ........1,004,768 .........1,004,183 .........1,004,752 .................... ...............16 ...................... ..................16 ................... ..........1,004,768 .................. ....................... ....................0 ..........26,300 08/24/2015<br />
3133XC YP 2 FEDERAL HOME LOAN BANKS FHLB S........... ... 12/24/2008. SCHEDULED REPAYMENT...... ........................... ...........708,841 ...........708,841 ............703,726 ............708,810 .................... ...............31 ...................... ..................31 ................... .............708,841 .................. ....................... ....................0 ..........18,127 08/24/2015<br />
3133XB GD 1 FEDERAL HOME LOAN BANKS FHLB 6............ ... 12/25/2008. SCHEDULED REPAYMENT...... ........................... ........1,941,769 ........1,941,769 .........1,948,910 .........1,941,948 .................... ............(179) ...................... ...............(179) ................... ..........1,941,769 .................. ....................... ....................0 ..........49,756 04/25/2012<br />
3133XC YN 7 FEDERAL HOME LOAN BANKS FHLB 9............ ... 12/22/2008. SCHEDULED REPAYMENT...... ........................... ........1,905,010 ........1,905,010 .........1,896,770 .........1,904,775 .................... .............235 ...................... ................235 ................... ..........1,905,010 .................. ....................... ....................0 ..........46,681 08/22/2012<br />
312909 PF 5 FHLMC #1249 CL-B PO STRIP........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,844 ...............4,844 ...................964 ................4,844 .................... .................... ...................... ....................0 ................... .................4,844 .................. ....................... ....................0 ...................... 04/15/2022<br />
31280F E8 1 FHLMC FCGI E61059......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,184 ...............1,184 ................1,194 ................1,184 .................... .................... ...................... ....................0 ................... .................1,184 .................. ....................... ....................0 .................48 08/01/2010<br />
31292G AX 4 FHLMC FG C00022.............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,772 ...............3,772 ................3,759 ................3,772 .................... .................... ...................... ....................0 ................... .................3,772 .................. ....................... ....................0 ...............187 02/01/2021<br />
312965 QB 5 FHLMC FGCI B13150.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,202,738 ........1,202,738 .........1,197,252 .........1,202,744 .................... ................(6) ...................... ...................(6) ................... ..........1,202,738 .................. ....................... ....................0 ..........26,186 03/01/2019<br />
31294J QK 7 FHLMC FGCI E00458.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,460 ...............1,460 ................1,493 ................1,461 .................... ................(1) ...................... ...................(1) ................... .................1,460 .................. ....................... ....................0 .................57 11/01/2011<br />
31335K GJ 9 FHLMC FGCI E20201.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............24,291 .............24,291 ..............24,851 ..............24,280 .................... ...............12 ...................... ..................12 ................... ...............24,291 .................. ....................... ....................0 ...............990 10/01/2010<br />
31357P VA 3 FHLMC FGCI E49609.......................................... ... 06/01/2008. SCHEDULED REPAYMENT...... ........................... ..................235 ..................235 ...................241 ...................235 .................... .................... ...................... ....................0 ................... ....................235 .................. ....................... ....................0 ...................4 07/01/2008<br />
31280F JH 6 FHLMC FGCI E61164.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................967 ..................967 ...................978 ...................969 .................... ................(2) ...................... ...................(2) ................... ....................967 .................. ....................... ....................0 .................38 09/01/2010<br />
31280F JR 4 FHLMC FGCI E61172.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................702 ..................702 ...................710 ...................702 .................... .................... ...................... ....................0 ................... ....................702 .................. ....................... ....................0 .................29 09/01/2010<br />
31280F LT 7 FHLMC FGCI E61238.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,234 ...............2,234 ................2,256 ................2,234 .................... .................... ...................... ....................0 ................... .................2,234 .................. ....................... ....................0 .................92 09/01/2010<br />
31280F QA 3 FHLMC FGCI E61349.......................................... ... 02/01/2008. SCHEDULED REPAYMENT...... ........................... ....................80 ....................80 .....................85 .....................80 .................... .................... ...................... ....................0 ................... ......................80 .................. ....................... ....................0 ...................1 09/01/2010<br />
31280F QW 5 FHLMC FGCI E61369.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,938 ...............5,938 ................5,997 ................5,941 .................... ................(3) ...................... ...................(3) ................... .................5,938 .................. ....................... ....................0 ...............301 10/01/2010<br />
31280F R9 5 FHLMC FGCI E61412.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,444 ...............3,444 ................3,483 ................3,445 .................... ................(1) ...................... ...................(1) ................... .................3,444 .................. ....................... ....................0 ...............131 09/01/2010<br />
31280F XX 5 FHLMC FGCI E61594.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,870 ...............7,870 ................8,038 ................7,869 .................... .................1 ...................... ....................1 ................... .................7,870 .................. ....................... ....................0 ...............140 10/01/2010<br />
31280M QJ 9 FHLMC FGCI E66757.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,946 ...............2,946 ................3,008 ................2,945 .................... .................... ...................... ....................0 ................... .................2,946 .................. ....................... ....................0 .................93 04/01/2012<br />
31280N BW 4 FHLMC FGCI E67253.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,278 ...............2,278 ................2,327 ................2,275 .................... .................3 ...................... ....................3 ................... .................2,278 .................. ....................... ....................0 .................94 07/01/2012<br />
31280N KT 1 FHLMC FGCI E67506.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,661 ...............9,661 ................9,891 ................9,625 .................... ...............36 ...................... ..................36 ................... .................9,661 .................. ....................... ....................0 ...............377 08/01/2012<br />
31283J EL 1 FHLMC FGCI G10139.......................................... ... 11/01/2008. VARIOUS................................... ........................... .............20,902 .............20,902 ..............20,624 ..............20,863 .................... ...............39 ...................... ..................39 ................... ...............20,902 .................. ....................... ....................0 ...............436 11/01/2008<br />
31295V 4V 9 FHLMC FGLMC A00836...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,238 ...............1,238 ................1,277 ................1,236 .................... .................2 ...................... ....................2 ................... .................1,238 .................. ....................... ....................0 .................56 02/01/2020<br />
31292G ZZ 2 FHLMC FGLMC C00760...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............37,871 .............37,871 ..............37,653 ..............37,867 .................... .................3 ...................... ....................3 ................... ...............37,871 .................. ....................... ....................0 ............1,242 05/01/2029<br />
31292G 2S 4 FHLMC FGLMC C00785...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............87,916 .............87,916 ..............86,781 ..............87,903 .................... ...............13 ...................... ..................13 ................... ...............87,916 .................. ....................... ....................0 ............2,803 06/01/2029<br />
31292W GN 5 FHLMC FGLMC C12005...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................64 ....................64 .....................63 .....................64 .................... .................... ...................... ....................0 ................... ......................64 .................. ....................... ....................0 ...................2 07/01/2028<br />
31292W MP 3 FHLMC FGLMC C12166...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................287 ..................287 ...................284 ...................287 .................... .................... ...................... ....................0 ................... ....................287 .................. ....................... ....................0 ...................9 07/01/2028<br />
31292X AB 5 FHLMC FGLMC C12702...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,077 ...............4,077 ................4,038 ................4,075 .................... .................3 ...................... ....................3 ................... .................4,077 .................. ....................... ....................0 .................96 07/01/2028<br />
31293A FK 9 FHLMC FGLMC C14670...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,904 ...............3,904 ................3,869 ................3,918 .................... ..............(14) ...................... .................(14) ................... .................3,904 .................. ....................... ....................0 ...............163 09/01/2028<br />
31293B KM 7 FHLMC FGLMC C15700...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................780 ..................780 ...................763 ...................779 .................... .................1 ...................... ....................1 ................... ....................780 .................. ....................... ....................0 .................28 10/01/2028<br />
31293C Z8 0 FHLMC FGLMC C17067...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,253 ...............6,253 ................6,209 ................6,254 .................... .................... ...................... ....................0 ................... .................6,253 .................. ....................... ....................0 .................87 11/01/2028
E14.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31293E AB 6 FHLMC FGLMC C18102...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,738 ...............1,738 ................1,727 ................1,739 .................... .................... ...................... ....................0 ................... .................1,738 .................. ....................... ....................0 .................51 11/01/2028<br />
31293E MK 3 FHLMC FGLMC C18462...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,083 ...............7,083 ................7,021 ................7,072 .................... ...............11 ...................... ..................11 ................... .................7,083 .................. ....................... ....................0 ...............273 12/01/2028<br />
31293E Y5 3 FHLMC FGLMC C18832...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,533 ...............1,533 ................1,523 ................1,534 .................... ................(1) ...................... ...................(1) ................... .................1,533 .................. ....................... ....................0 .................58 12/01/2028<br />
31293E 3E 8 FHLMC FGLMC C18897...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,459 ...............3,459 ................3,424 ................3,457 .................... .................2 ...................... ....................2 ................... .................3,459 .................. ....................... ....................0 .................80 12/01/2028<br />
31293F HD 2 FHLMC FGLMC C19228...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,682 ...............3,682 ................3,665 ................3,682 .................... .................... ...................... ....................0 ................... .................3,682 .................. ....................... ....................0 .................21 12/01/2028<br />
313965 M2 8 FHLMC FGLMC D28477...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,383 ...............2,383 ................2,462 ................2,371 .................... ...............12 ...................... ..................12 ................... .................2,383 .................. ....................... ....................0 ...............104 12/01/2022<br />
313965 PC 3 FHLMC FGLMC D28519...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,284 ...............5,284 ................5,470 ................5,324 .................... ..............(40) ...................... .................(40) ................... .................5,284 .................. ....................... ....................0 ...............225 06/01/2019<br />
3128F4 6F 3 FHLMC FGLMC D65370...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................374 ..................374 ...................358 ...................374 .................... ................(1) ...................... ...................(1) ................... ....................374 .................. ....................... ....................0 .................16 11/01/2025<br />
3128F8 ZH 8 FHLMC FGLMC D68844...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................347 ..................347 ...................336 ...................346 .................... .................1 ...................... ....................1 ................... ....................347 .................. ....................... ....................0 ...................7 03/01/2026<br />
3128F8 ZP 0 FHLMC FGLMC D68850...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................465 ..................465 ...................445 ...................467 .................... ................(2) ...................... ...................(2) ................... ....................465 .................. ....................... ....................0 .................17 03/01/2026<br />
3128F8 5Z 1 FHLMC FGLMC D68964...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................864 ..................864 ...................837 ...................867 .................... ................(2) ...................... ...................(2) ................... ....................864 .................. ....................... ....................0 .................22 03/01/2026<br />
3128F9 A2 6 FHLMC FGLMC D69025...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,827 ...............3,827 ................3,694 ................3,825 .................... .................2 ...................... ....................2 ................... .................3,827 .................. ....................... ....................0 ...............131 03/01/2026<br />
3128F9 ET 3 FHLMC FGLMC D69146...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,742 ...............2,742 ................2,638 ................2,708 .................... ...............34 ...................... ..................34 ................... .................2,742 .................. ....................... ....................0 .................31 03/01/2026<br />
3128F9 QR 4 FHLMC FGLMC D69464...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,706 ...............8,706 ................8,311 ................8,635 .................... ...............71 ...................... ..................71 ................... .................8,706 .................. ....................... ....................0 ...............129 03/01/2026<br />
31283G F3 6 FHLMC FGLMC G00186...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,153 ...............5,153 ................5,125 ................5,156 .................... ................(3) ...................... ...................(3) ................... .................5,153 .................. ....................... ....................0 ...............153 01/01/2024<br />
31283G XC 6 FHLMC FGLMC G00675...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,168 ...............1,168 ................1,158 ................1,170 .................... ................(2) ...................... ...................(2) ................... .................1,168 .................. ....................... ....................0 .................46 03/01/2027<br />
31283H BL 8 FHLMC FGLMC G00943...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,440 ...............4,440 ................4,449 ................4,440 .................... ................(1) ...................... ...................(1) ................... .................4,440 .................. ....................... ....................0 ...............131 07/01/2028<br />
31335H BD 4 FHLMC FGTW C90036........................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............73,565 .............73,565 ..............73,260 ..............73,554 .................... ...............11 ...................... ..................11 ................... ...............73,565 .................. ....................... ....................0 ............2,438 10/01/2013<br />
313401 KN 0 FHLMC FH 170048............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,534 ...............8,534 ................8,177 ................8,468 .................... ...............66 ...................... ..................66 ................... .................8,534 .................. ....................... ....................0 ...............377 02/01/2011<br />
313401 VN 8 FHLMC FH 170186............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,299 ...............3,299 ................3,247 ................3,300 .................... ................(2) ...................... ...................(2) ................... .................3,299 .................. ....................... ....................0 ...............147 08/01/2016<br />
313401 VR 9 FHLMC FH 170189............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,728 ...............2,728 ................2,685 ................2,730 .................... ................(3) ...................... ...................(3) ................... .................2,728 .................. ....................... ....................0 ...............135 09/01/2016<br />
313401 VS 7 FHLMC FH 170190............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,659 ...............3,659 ................3,612 ................3,659 .................... .................1 ...................... ....................1 ................... .................3,659 .................. ....................... ....................0 ...............163 09/01/2016<br />
313401 VT 5 FHLMC FH 170191............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,828 ...............4,828 ................4,804 ................4,828 .................... .................... ...................... ....................0 ................... .................4,828 .................. ....................... ....................0 ...............274 09/01/2016<br />
31340R RJ 5 FHLMC FH 184989............................................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ..................905 ..................905 ...................843 ...................894 .................... ...............11 ...................... ..................11 ................... ....................905 .................. ....................... ....................0 .................36 06/01/2009<br />
31340W XD 0 FHLMC FH 189676............................................... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ..................292 ..................292 ...................276 ...................289 .................... .................5 ...................... ....................5 ................... ....................292 .................. ....................... ....................0 .................11 09/01/2010<br />
31341D M3 5 FHLMC FH 253078............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,172 ...............2,172 ................2,169 ................2,172 .................... .................... ...................... ....................0 ................... .................2,172 .................. ....................... ....................0 ...............119 12/01/2014<br />
31341F WS 4 FHLMC FH 255157............................................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ..................296 ..................296 ...................283 ...................293 .................... .................3 ...................... ....................3 ................... ....................296 .................. ....................... ....................0 .................13 06/01/2009<br />
31341F 3J 6 FHLMC FH 255301............................................... ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,468 ...............8,468 ................8,029 ................8,429 .................... ...............39 ...................... ..................39 ................... .................8,468 .................. ....................... ....................0 ...............278 01/01/2009<br />
31341G BW 6 FHLMC FH 255453............................................... ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,503 ...............2,503 ................2,399 ................2,496 .................... .................6 ...................... ....................6 ................... .................2,503 .................. ....................... ....................0 .................51 07/01/2008<br />
31343C JY 1 FHLMC FH 272079............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,084 ...............1,084 ................1,041 ................1,083 .................... .................1 ...................... ....................1 ................... .................1,084 .................. ....................... ....................0 .................55 09/01/2014<br />
31344J MC 9 FHLMC FH 280355............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,803 ...............7,803 ................7,680 ................7,817 .................... ..............(14) ...................... .................(14) ................... .................7,803 .................. ....................... ....................0 ...............409 10/01/2016<br />
313447 3M 4 FHLMC FH 298004............................................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,426 ...............6,426 ................6,152 ................6,422 .................... .................4 ...................... ....................4 ................... .................6,426 .................. ....................... ....................0 ...............267 05/01/2009<br />
31345B 4E 1 FHLMC FH 300821............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,588 ...............3,588 ................3,503 ................3,620 .................... ..............(32) ...................... .................(32) ................... .................3,588 .................. ....................... ....................0 ...............193 09/01/2017<br />
313401 E3 1 FHLMC FH 360022............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,008 ...............1,008 ................1,005 ................1,008 .................... .................... ...................... ....................0 ................... .................1,008 .................. ....................... ....................0 .................54 02/01/2018<br />
31354A 3X 0 FHLMC FH 544414............................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ..................444 ..................444 ...................429 ...................447 .................... ................(2) ...................... ...................(2) ................... ....................444 .................. ....................... ....................0 .................25 06/01/2017<br />
31288V H4 4 FHLMC FHARM 845651....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............20,250 .............20,250 ..............20,423 ..............20,250 .................... .................... ...................... ....................0 ................... ...............20,250 .................. ....................... ....................0 ...............824 10/01/2029<br />
312903 DH 7 FHLMC FHR 105 E BPAC.................................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........104,105 ...........104,105 ............106,499 ............104,105 .................... .................... ...................... ....................0 ................... .............104,105 .................. ....................... ....................0 ............6,366 01/15/2021<br />
312905 ES 7 FHLMC FHR 1054 E SEQ.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............21,210 .............21,210 ..............19,499 ..............21,210 .................... .................... ...................... ....................0 ................... ...............21,210 .................. ....................... ....................0 ...............899 03/15/2021<br />
312905 PC 0 FHLMC FHR 1065 J BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............22,016 .............22,016 ..............22,745 ..............22,016 .................... .................... ...................... ....................0 ................... ...............22,016 .................. ....................... ....................0 ...............986 04/15/2021<br />
312905 L3 4 FHLMC FHR 1078 GZ XACC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............96,961 .............96,961 ..............91,392 ..............96,961 .................... .................... ...................... ....................0 ................... ...............96,961 .................. ....................... ....................0 ............3,859 05/15/2021<br />
312905 4P 4 FHLMC FHR 1092 K BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........117,128 ...........117,128 ............114,886 ............117,128 .................... .................... ...................... ....................0 ................... .............117,128 .................. ....................... ....................0 ............5,451 06/15/2021<br />
312906 XG 0 FHLMC FHR 1125 Z XACC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............25,359 .............25,359 ..............26,070 ..............25,359 .................... .................... ...................... ....................0 ................... ...............25,359 .................. ....................... ....................0 ............1,358 08/15/2021<br />
312907 FV 5 FHLMC FHR 1142 IA BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............78,857 .............78,857 ..............79,510 ..............78,857 .................... .................... ...................... ....................0 ................... ...............78,857 .................. ....................... ....................0 ............2,770 10/15/2021<br />
312906 6S 4 FHLMC FHR 1143 Z XACC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........127,513 ...........127,513 ............129,923 ............127,513 .................... .................... ...................... ....................0 ................... .............127,513 .................. ....................... ....................0 ............4,219 10/15/2021<br />
312907 SM 1 FHLMC FHR 1161 I BPAC................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........204,494 ...........204,494 ............199,840 ............204,494 .................... .................... ...................... ....................0 ................... .............204,494 .................. ....................... ....................0 ............6,548 11/15/2021<br />
312907 C8 9 FHLMC FHR 1172 F BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........170,349 ...........170,349 ............156,645 ............170,349 .................... .................... ...................... ....................0 ................... .............170,349 .................. ....................... ....................0 ............7,215 11/15/2021<br />
312908 L3 8 FHLMC FHR 1222 H BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........118,063 ...........118,063 ............113,236 ............118,063 .................... .................... ...................... ....................0 ................... .............118,063 .................. ....................... ....................0 ............4,333 03/15/2022<br />
312909 2S 2 FHLMC FHR 1275 Z ACC.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,045,299 ........1,045,299 ............992,297 .........1,045,299 .................... .................... ...................... ....................0 ................... ..........1,045,299 .................. ....................... ....................0 ..........37,139 04/15/2022<br />
31340Y DM 8 FHLMC FHR 13 G BPAC..................................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... .............32,529 .............32,529 ..............31,613 ..............32,527 .................... .................2 ...................... ....................2 ................... ...............32,529 .................. ....................... ....................0 ............1,597 10/15/2019<br />
312911 MQ 0 FHLMC FHR 1351 TE BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........197,024 ...........197,024 ............192,984 ............197,024 .................... .................... ...................... ....................0 ................... .............197,024 .................. ....................... ....................0 ............7,632 08/15/2022<br />
312912 2A 5 FHLMC FHR 1407 PM.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........227,836 ...........227,836 ............225,679 ............227,845 .................... ................(9) ...................... ...................(9) ................... .............227,836 .................. ....................... ....................0 ............7,225 11/15/2022<br />
312915 VY 4 FHLMC FHR 1507 JZ ACC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........360,268 ...........360,268 ............360,846 ............360,246 .................... ...............23 ...................... ..................23 ................... .............360,268 .................. ....................... ....................0 ..........13,155 05/15/2023<br />
3133T0 KJ 2 FHLMC FHR 1564 H BPAC.................................. ... 08/15/2008. VARIOUS................................... ........................... ...........164,032 ...........164,032 ............158,115 ............164,032 .................... .................... ...................... ....................0 ................... .............164,032 .................. ....................... ....................0 ............3,378 08/15/2008<br />
3133T3 AK 4 FHLMC FHR 1641 I SUP...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........370,683 ...........370,683 ............329,266 ............370,871 .................... ............(188) ...................... ...............(188) ................... .............370,683 .................. ....................... ....................0 ..........12,994 12/15/2013
E14.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
312903 Z3 4 FHLMC FHR 165 K BPAC.................................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............32,298 .............32,298 ..............31,109 ..............32,298 .................... .................... ...................... ....................0 ................... ...............32,298 .................. ....................... ....................0 ............1,196 09/15/2021<br />
3133T4 UX 2 FHLMC FHR 1693 J BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........6,734,437 ........6,734,437 .........6,135,008 .........6,734,417 .................... ...............20 ...................... ..................20 ................... ..........6,734,437 .................. ....................... ....................0 ........195,861 03/15/2009<br />
3133T4 XM 3 FHLMC FHR 1708 E BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,541,849 ........2,541,849 .........2,275,877 .........2,541,839 .................... .................9 ...................... ....................9 ................... ..........2,541,849 .................. ....................... ....................0 ..........72,692 03/15/2009<br />
312903 6K 8 FHLMC FHR 175 H BPAC.................................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............31,697 .............31,697 ..............33,480 ..............31,697 .................... .................... ...................... ....................0 ................... ...............31,697 .................. ....................... ....................0 ............1,757 08/15/2021<br />
3133T6 7H 8 FHLMC FHR 1834 Z ACC.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........264,962 ...........264,962 ............240,900 ............265,741 .................... ............(779) ...................... ...............(779) ................... .............264,962 .................. ....................... ....................0 ............9,836 03/15/2026<br />
3133T6 ZC 8 FHLMC FHR 1852 B RR BPAC........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........182,221 ...........182,221 ............168,765 ............182,502 .................... ............(281) ...................... ...............(281) ................... .............182,221 .................. ....................... ....................0 ............6,186 01/15/2022<br />
3133T7 WF 2 FHLMC FHR 1883 N RR BPAC........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........737,358 ...........737,358 ............697,585 ............738,284 .................... ............(926) ...................... ...............(926) ................... .............737,358 .................. ....................... ....................0 ..........27,640 05/15/2023<br />
3133T8 U6 2 FHLMC FHR 1927 Z ACC.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........759,237 ...........759,237 ............770,866 ............758,967 .................... .............271 ...................... ................271 ................... .............759,237 .................. ....................... ....................0 ..........33,453 01/15/2027<br />
3133TC 2F 4 FHLMC FHR 2010 VB.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........656,381 ...........656,381 ............649,503 ............655,626 .................... .............755 ...................... ................755 ................... .............656,381 .................. ....................... ....................0 ..........24,814 11/15/2027<br />
3133TC ZY 7 FHLMC FHR 2042 T SEQ.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........125,976 ...........125,976 ............126,450 ............125,963 .................... ...............14 ...................... ..................14 ................... .............125,976 .................. ....................... ....................0 ............4,557 03/15/2028<br />
3133TE 3D 4 FHLMC FHR 2054 LA SEQ.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........322,150 ...........322,150 ............314,200 ............322,241 .................... ..............(90) ...................... .................(90) ................... .............322,150 .................. ....................... ....................0 ..........10,751 05/15/2028<br />
3133TE R5 5 FHLMC FHR 2073 PH BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........663,631 ...........663,631 ............659,273 ............663,707 .................... ..............(76) ...................... .................(76) ................... .............663,631 .................. ....................... ....................0 ..........22,372 07/15/2028<br />
3133TE NA 8 FHLMC FHR 2076 PE BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........640,408 ...........640,408 ............625,754 ............640,505 .................... ..............(97) ...................... .................(97) ................... .............640,408 .................. ....................... ....................0 ..........20,463 07/15/2028<br />
3133TG QF 9 FHLMC FHR 2097 PH BPAC............................... ... 03/01/2008. SCHEDULED REPAYMENT...... ........................... .............86,503 .............86,503 ..............86,130 ..............86,501 .................... .................2 ...................... ....................2 ................... ...............86,503 .................. ....................... ....................0 ...............815 10/15/2027<br />
3133TH B5 5 FHLMC FHR 2104 Z ACC.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,068,769 ........1,068,769 .........1,037,706 .........1,069,053 .................... ............(284) ...................... ...............(284) ................... ..........1,068,769 .................. ....................... ....................0 ..........33,328 12/15/2028<br />
3133TH QV 2 FHLMC FHR 2117 HG SEQ................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........947,754 ...........947,754 ............939,201 ............947,814 .................... ..............(59) ...................... .................(59) ................... .............947,754 .................. ....................... ....................0 ..........30,123 01/15/2029<br />
3133TJ UX 9 FHLMC FHR 2132 JC........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........732,412 ...........732,412 ............711,875 ............732,413 .................... ................(2) ...................... ...................(2) ................... .............732,412 .................. ....................... ....................0 ..........22,798 03/15/2029<br />
3133TJ VB 6 FHLMC FHR 2132 PD BPAC............................... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ...........374,796 ...........374,796 ............372,455 ............374,645 .................... .............151 ...................... ................151 ................... .............374,796 .................. ....................... ....................0 ............8,919 11/15/2027<br />
3133TK XQ 8 FHLMC FHR 2156 B NAS.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........652,235 ...........652,235 ............636,748 ............652,736 .................... ............(501) ...................... ...............(501) ................... .............652,235 .................. ....................... ....................0 ..........18,456 10/15/2024<br />
3133TM MH 6 FHLMC FHR 2200 NA SEQ................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........105,071 ...........105,071 ............101,332 ............104,994 .................... ...............77 ...................... ..................77 ................... .............105,071 .................. ....................... ....................0 ............5,191 11/15/2029<br />
3133TP QQ 5 FHLMC FHR 2252 L NAS..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............44,022 .............44,022 ..............44,345 ..............44,045 .................... ..............(23) ...................... .................(23) ................... ...............44,022 .................. ....................... ....................0 ............1,983 09/15/2030<br />
3133TQ YQ 4 FHLMC FHR 2275 PN BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,089,156 ........1,089,156 .........1,063,390 .........1,089,071 .................... ...............84 ...................... ..................84 ................... ..........1,089,156 .................. ....................... ....................0 ..........31,565 01/15/2031<br />
313398 K5 7 FHLMC FHR 2332 OE BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........683,765 ...........683,765 ............674,488 ............683,842 .................... ..............(76) ...................... .................(76) ................... .............683,765 .................. ....................... ....................0 ..........20,208 07/15/2031<br />
313398 3X 5 FHLMC FHR 2338 PT BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,647,741 ........1,647,741 .........1,626,118 .........1,647,609 .................... .............132 ...................... ................132 ................... ..........1,647,741 .................. ....................... ....................0 ..........50,712 07/15/2031<br />
313399 A3 1 FHLMC FHR 2344 PJ BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........786,445 ...........786,445 ............776,837 ............786,430 .................... ...............15 ...................... ..................15 ................... .............786,445 .................. ....................... ....................0 ..........24,796 08/15/2031<br />
31339M BT 4 FHLMC FHR 2386 PL BPAC................................ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,620,235 ........4,620,235 .........4,342,117 .........4,604,502 .................... ........15,733 ...................... ...........15,733 ................... ..........4,620,235 .................. ....................... ....................0 ........110,616 09/15/2030<br />
31339M DU 9 FHLMC FHR 2389 EH BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,064,647 ........4,064,647 .........4,040,933 .........4,064,566 .................... ...............82 ...................... ..................82 ................... ..........4,064,647 .................. ....................... ....................0 ........117,177 05/15/2030<br />
31339M RT 7 FHLMC FHR 2401 VB VADM............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........5,583,826 ........5,583,826 .........5,435,856 .........5,584,310 .................... ............(484) ...................... ...............(484) ................... ..........5,583,826 .................. ....................... ....................0 ........167,330 06/15/2020<br />
31339M MY 1 FHLMC FHR 2407 DH BPAC............................... ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ...........472,019 ...........472,019 ............469,558 ............471,954 .................... ...............65 ...................... ..................65 ................... .............472,019 .................. ....................... ....................0 ............5,980 06/15/2030<br />
31339W GU 4 FHLMC FHR 2424 OP BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,853,893 ........1,853,893 .........1,815,284 .........1,853,548 .................... .............346 ...................... ................346 ................... ..........1,853,893 .................. ....................... ....................0 ..........53,425 03/15/2032<br />
31392R JK 8 FHLMC FHR 2470 QG BPAC.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,965,361 ........1,965,361 .........1,954,354 .........1,965,417 .................... ..............(55) ...................... .................(55) ................... ..........1,965,361 .................. ....................... ....................0 ..........55,779 07/15/2032<br />
31392T W7 8 FHLMC FHR 2478 GH BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,527,943 ........1,527,943 .........1,543,874 .........1,528,143 .................... ............(199) ...................... ...............(199) ................... ..........1,527,943 .................. ....................... ....................0 ..........46,995 08/15/2022<br />
31392T NW 3 FHLMC FHR 2481 PN PAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,016,235 ........2,016,235 .........2,062,720 .........2,016,977 .................... ............(742) ...................... ...............(742) ................... ..........2,016,235 .................. ....................... ....................0 ..........48,817 01/15/2031<br />
31392V 4R 0 FHLMC FHR 2494 EH BPAC.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........760,569 ...........760,569 ............776,183 ............760,446 .................... .............123 ...................... ................123 ................... .............760,569 .................. ....................... ....................0 ..........20,950 04/15/2031<br />
31392W MR 8 FHLMC FHR 2515 GP PAC................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,466,150 ........1,466,150 .........1,466,681 .........1,466,149 .................... .................1 ...................... ....................1 ................... ..........1,466,150 .................. ....................... ....................0 ..........38,883 03/15/2032<br />
31392W Z9 4 FHLMC FHR 2517 CJ SEQ.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,436,035 ........1,436,035 .........1,444,651 .........1,437,570 .................... .........(1,535) ...................... ............(1,535) ................... ..........1,436,035 .................. ....................... ....................0 ..........42,294 10/15/2032<br />
31392X J4 1 FHLMC FHR 2529 VA SEQ................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........633,728 ...........633,728 ............632,537 ............633,734 .................... ................(6) ...................... ...................(6) ................... .............633,728 .................. ....................... ....................0 ..........19,038 12/15/2018<br />
31393Q XY 3 FHLMC FHR 2610 VB.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........209,048 ...........209,048 ............208,288 ............209,048 .................... .................... ...................... ....................0 ................... .............209,048 .................. ....................... ....................0 ............6,285 07/15/2024<br />
31393W W8 8 FHLMC FHR 2641 WE......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,394,524 ........1,394,524 .........1,377,039 .........1,394,509 .................... ...............15 ...................... ..................15 ................... ..........1,394,524 .................. ....................... ....................0 ..........31,743 01/15/2033<br />
31395M KZ 1 FHLMC FHR 2927 VG SEQ................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........317,742 ...........317,742 ............317,665 ............317,743 .................... .................... ...................... ....................0 ................... .............317,742 .................. ....................... ....................0 ............8,671 11/15/2023<br />
31395M PV 5 FHLMC FHR 2930 VL SEQ.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........807,590 ...........807,590 ............806,479 ............807,590 .................... .................... ...................... ....................0 ................... .............807,590 .................. ....................... ....................0 ..........22,039 02/15/2016<br />
31395P Y8 9 FHLMC FHR 2950 VA.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........691,033 ...........691,033 ............692,915 ............691,033 .................... .................... ...................... ....................0 ................... .............691,033 .................. ....................... ....................0 ..........18,858 03/15/2016<br />
31395T V3 5 FHLMC FHR 2976 HP NAS.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,470,895 ........1,470,895 .........1,465,684 .........1,469,618 .................... ..........1,277 ...................... .............1,277 ................... ..........1,470,895 .................. ....................... ....................0 ..........36,904 01/15/2033<br />
31340Y P4 5 FHLMC FHR 78 E BPAC...................................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... .............80,372 .............80,372 ..............81,098 ..............80,372 .................... .................... ...................... ....................0 ................... ...............80,372 .................. ....................... ....................0 ............4,094 01/15/2021<br />
31347D AB 4 FHLMC FHRL30 880002...................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,727 ...............1,727 ................1,707 ................1,728 .................... ................(1) ...................... ...................(1) ................... .................1,727 .................. ....................... ....................0 .................92 01/01/2020<br />
3133TH RS 8 FHLMC FSPC T-15 A5 SEQ................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........811,054 ...........811,054 ............810,478 ............811,053 .................... .................1 ...................... ....................1 ................... .............811,054 .................. ....................... ....................0 ..........27,335 11/25/2028<br />
3133TL V5 4 FHLMC FSPC T-18 A3 SEQ................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........266,745 ...........266,745 ............266,745 ............266,745 .................... .................... ...................... ....................0 ................... .............266,745 .................. ....................... ....................0 ..........11,837 08/15/2029<br />
31292H R7 1 FHLMC GOLD PL # C01410 PSTHR................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........120,725 ...........120,725 ............125,594 ............120,709 .................... ...............15 ...................... ..................15 ................... .............120,725 .................. ....................... ....................0 ............3,427 10/01/2032<br />
31292G XF 8 FHLMC GOLD PL #C00678 PSTHR.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............90,494 .............90,494 ..............93,958 ..............90,406 .................... ...............88 ...................... ..................88 ................... ...............90,494 .................. ....................... ....................0 ............3,455 11/01/2028<br />
3128K2 KR 9 FHLMC GOLD PL# A42104................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........823,261 ...........823,261 ............823,635 .......................... .................... ............(197) ...................... ...............(197) ................... .............823,261 .................. ....................... ....................0 ..........17,376 01/01/2036<br />
3128K7 Y6 9 FHLMC GOLD PL# A47033................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........339,991 ...........339,991 ............339,734 .......................... .................... ...............24 ...................... ..................24 ................... .............339,991 .................. ....................... ....................0 ............6,219 09/01/2035<br />
31287M TE 0 FHLMC GOLD PL# C62349 PSTHR.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........307,981 ...........307,981 ............314,090 ............307,798 .................... .............182 ...................... ................182 ................... .............307,981 .................. ....................... ....................0 ............9,845 01/01/2032<br />
3128K6 4H 0 FHLMC GOLD PL#A46224.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........589,942 ...........589,942 ............589,643 .......................... .................... .............203 ...................... ................203 ................... .............589,942 .................. ....................... ....................0 ............9,251 07/01/2035<br />
3128LB Z2 7 FHLMC GOLD PL#A77961.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........586,691 ...........586,691 ............586,445 .......................... .................... ...............95 ...................... ..................95 ................... .............586,691 .................. ....................... ....................0 ............8,749 06/01/2038
E14.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31292G GX 8 FHLMC GOLD PL#C00214 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,740 ...............6,740 ................6,902 ................6,715 .................... ...............25 ...................... ..................25 ................... .................6,740 .................. ....................... ....................0 ...............258 02/01/2023<br />
31292G L8 7 FHLMC GOLD PL#C00351 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,426 ...............5,426 ................5,342 ................5,428 .................... ................(3) ...................... ...................(3) ................... .................5,426 .................. ....................... ....................0 ...............197 07/01/2024<br />
31292G MB 9 FHLMC GOLD PL#C00354 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,203 .............10,203 ..............10,558 ..............10,186 .................... ...............17 ...................... ..................17 ................... ...............10,203 .................. ....................... ....................0 ...............590 07/01/2024<br />
31292G MF 0 FHLMC GOLD PL#C00358 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............27,033 .............27,033 ..............28,388 ..............26,984 .................... ...............49 ...................... ..................49 ................... ...............27,033 .................. ....................... ....................0 ............1,103 08/01/2024<br />
31292G RR 9 FHLMC GOLD PL#C00496 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,170 .............10,170 ..............10,361 ..............10,163 .................... .................7 ...................... ....................7 ................... ...............10,170 .................. ....................... ....................0 ...............390 02/01/2027<br />
31335G HD 0 FHLMC GOLD PL#C80228 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............11,760 .............11,760 ..............12,198 ..............11,742 .................... ...............18 ...................... ..................18 ................... ...............11,760 .................. ....................... ....................0 ...............424 08/01/2024<br />
31283G KC 0 FHLMC GOLD PL#G00291 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............86,465 .............86,465 ..............81,924 ..............86,592 .................... ............(127) ...................... ...............(127) ................... ...............86,465 .................. ....................... ....................0 ............3,528 01/01/2024<br />
3128M5 GL 8 FHLMC GOLD PL#G03503.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,059,213 ........1,059,213 .........1,059,423 .......................... .................... ..............(31) ...................... .................(31) ................... ..........1,059,213 .................. ....................... ....................0 ..........27,386 09/01/2035<br />
3128M5 RN 2 FHLMC GOLD PL#G03793.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,884,169 ........1,884,169 .........1,883,941 .......................... .................... .............164 ...................... ................164 ................... ..........1,884,169 .................. ....................... ....................0 ..........39,836 09/01/2035<br />
31283J HR 5 FHLMC GOLD PL#G10240 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............41,647 .............41,647 ..............39,242 ..............41,638 .................... .................9 ...................... ....................9 ................... ...............41,647 .................. ....................... ....................0 ............1,412 07/01/2009<br />
31283J KR 1 FHLMC GOLD PL#G10304 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............51,653 .............51,653 ..............44,996 ..............51,653 .................... .................... ...................... ....................0 ................... ...............51,653 .................. ....................... ....................0 ...............978 04/01/2009<br />
31283J RL 7 FHLMC GOLD PL#G10491 PSTHR..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........202,158 ...........202,158 ............191,755 ............202,030 .................... .............127 ...................... ................127 ................... .............202,158 .................. ....................... ....................0 ............6,497 04/01/2011<br />
31283K 2N 7 FHLMC GOLD PL#G11681.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,023 ...............1,023 ................1,023 .......................... .................... .................... ...................... ....................0 ................... .................1,023 .................. ....................... ....................0 ...................9 04/01/2020<br />
3128M4 SQ 7 FHLMC PL# G02927 GOLD................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........208,498 ...........208,498 ............208,424 .......................... .................... .............112 ...................... ................112 ................... .............208,498 .................. ....................... ....................0 ............2,350 04/01/2037<br />
3128QJ FG 6 FHLMC PL# 1G1067 ARM................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,514 ...............1,514 ................1,513 ................1,514 .................... .................... ...................... ....................0 ................... .................1,514 .................. ....................... ....................0 .................51 07/01/2036<br />
31340V QY 4 FHLMC PL# 188571 PSTHR................................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............21,196 .............21,196 ..............21,711 ..............21,130 .................... ...............66 ...................... ..................66 ................... ...............21,196 .................. ....................... ....................0 ............1,042 05/01/2010<br />
31353Y 6C 2 FHLMC PL# 543567 PSTHR................................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,320 ...............1,320 ................1,356 ................1,313 .................... .................7 ...................... ....................7 ................... .................1,320 .................. ....................... ....................0 .................83 11/01/2019<br />
31290K SM 2 FHLMC PL# 555024............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,874 .............13,874 ..............16,065 ..............13,874 .................... .................... ...................... ....................0 ................... ...............13,874 .................. ....................... ....................0 ...............645 07/01/2017<br />
31296Q P3 8 FHLMC PL#A15842.............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............34,250 .............34,250 ..............34,475 ..............34,241 .................... ...............10 ...................... ..................10 ................... ...............34,250 .................. ....................... ....................0 ............1,034 10/01/2033<br />
3128LC G3 4 FHLMC PL#A78318 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........219,095 ...........219,095 ............219,022 .......................... .................... .............114 ...................... ................114 ................... .............219,095 .................. ....................... ....................0 ............2,510 12/01/2037<br />
312927 HQ 2 FHLMC PL#A81139 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................198 ..................198 ...................198 .......................... .................... .................... ...................... ....................0 ................... ....................198 .................. ....................... ....................0 ...................2 08/01/2038<br />
312982 JF 9 FHLMC PL#B50262.............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............11,334 .............11,334 ..............11,417 ..............11,363 .................... ..............(29) ...................... .................(29) ................... ...............11,334 .................. ....................... ....................0 ...............371 06/01/2011<br />
31294K RF 4 FHLMC PL#E01386.............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,471 ...............1,471 ................1,468 ................1,471 .................... .................1 ...................... ....................1 ................... .................1,471 .................. ....................... ....................0 .................39 06/01/2018<br />
3128LX E3 0 FHLMC PL#G01954 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................779 ..................779 ...................779 .......................... .................... .................... ...................... ....................0 ................... ....................779 .................. ....................... ....................0 ...................5 11/01/2035<br />
3128M6 AQ 1 FHLMC PL#G04215 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........404,607 ...........404,607 ............404,619 .......................... .................... ................(1) ...................... ...................(1) ................... .............404,607 .................. ....................... ....................0 ............2,510 05/01/2038<br />
3128M6 EL 8 FHLMC PL#G04339 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........652,575 ...........652,575 ............653,070 .......................... .................... ............(262) ...................... ...............(262) ................... .............652,575 .................. ....................... ....................0 ..........11,604 06/01/2038<br />
3128M6 F5 2 FHLMC PL#G04399 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........348,316 ...........348,316 ............348,283 .......................... .................... ...............38 ...................... ..................38 ................... .............348,316 .................. ....................... ....................0 ............3,195 07/01/2038<br />
3128M6 SY 5 FHLMC PL#G04735 GOLD.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................460 ..................460 ...................460 .......................... .................... .................... ...................... ....................0 ................... ....................460 .................. ....................... ....................0 ...................3 01/01/2035<br />
31335Q AT 0 FHLMC PL#G90018............................................. ... 03/17/2008. VARIOUS................................... ........................... ....................54 ....................54 .....................53 .....................54 .................... .................... ...................... ....................0 ................... ......................54 .................. ....................... ....................0 ...................1 03/17/2008<br />
3128UN E2 4 FHLMC PL#H09153............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........635,601 ...........635,601 ............635,315 .......................... .................... ...............79 ...................... ..................79 ................... .............635,601 .................. ....................... ....................0 ..........12,545 04/01/2038<br />
3128PL EV 0 FHLMC PL#J08248 GOLD................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,833 ...............1,833 ................1,833 .......................... .................... .................... ...................... ....................0 ................... .................1,833 .................. ....................... ....................0 .................10 12/01/2022<br />
313401 FX 4 FHLMC PL#16-0069............................................. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ..................721 ..................721 ...................689 ...................720 .................... .................1 ...................... ....................1 ................... ....................721 .................. ....................... ....................0 .................30 01/01/2009<br />
313401 FT 3 FHLMC PL#16-065............................................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ..................658 ..................658 ...................517 ...................658 .................... .................... ...................... ....................0 ................... ....................658 .................. ....................... ....................0 .................23 11/01/2008<br />
31344L LF 8 FHLMC PL#282126.............................................. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ..................543 ..................543 ...................509 ...................472 .................... ...............72 ...................... ..................72 ................... ....................543 .................. ....................... ....................0 .................28 11/01/2016<br />
31345F PB 5 FHLMC PL#304018.............................................. ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ..................612 ..................612 ...................534 ...................611 .................... .................1 ...................... ....................1 ................... ....................612 .................. ....................... ....................0 .................13 12/01/2008<br />
31345J KJ 5 FHLMC PL#306597.............................................. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............12,838 .............12,838 ..............12,397 ..............12,850 .................... ..............(12) ...................... .................(12) ................... ...............12,838 .................. ....................... ....................0 ...............724 10/01/2018<br />
31290K RZ 4 FHLMC PL#555004 PSTHR................................. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,427 .............13,427 ..............13,630 ..............13,560 .................... ............(134) ...................... ...............(134) ................... ...............13,427 .................. ....................... ....................0 ...............498 07/01/2011<br />
31290L D5 3 FHLMC PL#555524.............................................. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............25,868 .............25,868 ..............26,262 ..............26,133 .................... ............(264) ...................... ...............(264) ................... ...............25,868 .................. ....................... ....................0 ...............916 05/01/2011<br />
3128JR SQ 0 FHLMC PL#847727 ARM..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,689 .............13,689 ..............13,697 ..............13,689 .................... ................(1) ...................... ...................(1) ................... ...............13,689 .................. ....................... ....................0 ...............553 02/01/2037<br />
312908 GB 6 FHLMC REMIC SER 201 CL-Z CMO................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............77,282 .............77,282 ..............76,809 ..............77,282 .................... .................... ...................... ....................0 ................... ...............77,282 .................. ....................... ....................0 ............3,664 02/15/2023<br />
3133T1 XR 8 FHLMC REMIC SER 21 CLASS L....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,243,361 ........1,243,361 .........1,191,111 .........1,243,332 .................... ...............29 ...................... ..................29 ................... ..........1,243,361 .................. ....................... ....................0 ..........41,647 10/25/2023<br />
31392K UP 9 FHLMC REMIC SER 2444 CL H CMO................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,823,020 ........2,823,020 .........2,812,863 .........2,823,172 .................... ............(152) ...................... ...............(152) ................... ..........2,823,020 .................. ....................... ....................0 ..........88,646 05/15/2032<br />
312903 BK 2 FHLMC REMIC 102 CL-I 20 PAC........................ ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........103,022 ...........103,022 ..............57,913 ............103,022 .................... .................... ...................... ....................0 ................... .............103,022 .................. ....................... ....................0 ............3,841 12/15/2020<br />
312903 CL 9 FHLMC REMIC 104 CL-Z..................................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............50,259 .............50,259 .......................... ..............50,259 .................... .................... ...................... ....................0 ................... ...............50,259 .................. ....................... ....................0 ............1,984 01/15/2021<br />
312910 B6 8 FHLMC REMIC 1312 CL-I 20 PAC (.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........103,286 ...........103,286 ..............98,497 ............103,286 .................... .................... ...................... ....................0 ................... .............103,286 .................. ....................... ....................0 ............4,182 07/15/2022<br />
31340Y DS 5 FHLMC REMIC 14 CL-B 10 TAC......................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............50,299 .............50,299 ..............46,677 ..............50,336 .................... ..............(38) ...................... .................(38) ................... ...............50,299 .................. ....................... ....................0 ............2,325 12/15/2019<br />
312914 XP 4 FHLMC REMIC 1478 CL-H.................................. ... 03/15/2008. VARIOUS................................... ........................... .............31,178 .............31,178 .........7,095,097 ..............31,178 .................... .................... ...................... ....................0 ................... ...............31,178 .................. ....................... ....................0 ...............250 03/15/2008<br />
312903 2U 0 FHLMC REMIC 169 CL-Z..................................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............56,375 .............56,375 ..............49,180 ..............56,375 .................... .................... ...................... ....................0 ................... ...............56,375 .................. ....................... ....................0 ............2,808 07/15/2021<br />
3133T4 LF 1 FHLMC REMIC 1692 CL ZB................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,868,330 ........1,868,330 .........1,680,010 .........1,869,791 .................... .........(1,461) ...................... ............(1,461) ................... ..........1,868,330 .................. ....................... ....................0 ..........62,398 03/15/2024<br />
312904 EC 5 FHLMC REMIC 187 CL-F 20 PAC....................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............84,086 .............84,086 ..............62,980 ..............84,158 .................... ..............(72) ...................... .................(72) ................... ...............84,086 .................. ....................... ....................0 ............3,372 08/15/2021<br />
312904 GT 6 FHLMC REMIC 194 CL-E 20 PAC....................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............16,248 .............16,248 ..............12,908 ..............16,248 .................... .................... ...................... ....................0 ................... ...............16,248 .................. ....................... ....................0 ...............571 09/15/2021<br />
31340Y MC 0 FHLMC REMIC 37 CL-D 20 PAC......................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........149,049 ...........149,049 ............133,745 ............149,049 .................... .................... ...................... ....................0 ................... .............149,049 .................. ....................... ....................0 ............7,934 04/15/2020<br />
31340Y QS 1 FHLMC REMIC 46 CL-B 7 PAC........................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... .............23,573 .............23,573 ..............19,031 ..............23,573 .................... .................... ...................... ....................0 ................... ...............23,573 .................. ....................... ....................0 ............1,038 09/15/2020<br />
31340Y SM 2 FHLMC REMIC 50 CL-I 20RTAC......................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........230,026 ...........230,026 ............183,872 ............230,026 .................... .................... ...................... ....................0 ................... .............230,026 .................. ....................... ....................0 ............9,487 06/15/2020<br />
31340Y M3 0 FHLMC REMIC 77 CL-H 20 PAC......................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........985,328 ...........985,328 ............932,299 ............985,328 .................... .................... ...................... ....................0 ................... .............985,328 .................. ....................... ....................0 ..........44,993 09/15/2020
E14.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
312906 CR 9 FHLMC SER 1100 CL-Z Z-BOND........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........136,536 ...........136,536 ............115,761 ............136,536 .................... .................... ...................... ....................0 ................... .............136,536 .................. ....................... ....................0 ............6,160 06/15/2021<br />
312909 WL 4 FHLMC SER 1268 CL-I 20 PAC(FH..................... ... 12/01/2008. VARIOUS................................... ........................... ...........670,779 ...........670,779 ............611,298 ............670,779 .................... .................... ...................... ....................0 ................... .............670,779 .................. ....................... ....................0 ..........31,469 04/15/2022<br />
3133TR XU 4 FHLMC SER 2292 CL QU CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,314,383 ........3,314,383 .........3,248,401 .........3,315,000 .................... ............(617) ...................... ...............(617) ................... ..........3,314,383 .................. ....................... ....................0 ........108,012 03/15/2031<br />
31339D GT 9 FHLMC SER 2422 CG CMO................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,660,316 ........1,660,316 .........1,726,572 .........1,661,910 .................... .........(1,594) ...................... ............(1,594) ................... ..........1,660,316 .................. ....................... ....................0 ..........46,390 10/15/2031<br />
31392M AE 2 FHLMC SER 2448 CL ZH..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,724,366 ........1,724,366 .........1,648,551 .........1,725,189 .................... ............(823) ...................... ...............(823) ................... ..........1,724,366 .................. ....................... ....................0 ..........53,821 05/15/2032<br />
31392M LJ 9 FHLMC SER 2466 CL PE..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,626,349 ........3,626,349 .........3,698,131 .........3,626,836 .................... ............(487) ...................... ...............(487) ................... ..........3,626,349 .................. ....................... ....................0 ........105,337 09/15/2031<br />
31392T AT 4 FHLMC SER 2485 CL WE CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,560,339 ........2,560,339 .........2,628,892 .........2,559,817 .................... .............522 ...................... ................522 ................... ..........2,560,339 .................. ....................... ....................0 ..........77,615 03/15/2031<br />
31392R VY 4 FHLMC SER 2492 CL GE CMO........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,252,282 ........3,252,282 .........3,368,076 .........3,251,783 .................... .............499 ...................... ................499 ................... ..........3,252,282 .................. ....................... ....................0 ..........97,292 01/15/2031<br />
31392U Y3 2 FHLMC SER 2500 CL GE CMO........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,465,968 ........2,465,968 .........2,468,160 .........2,465,975 .................... ................(7) ...................... ...................(7) ................... ..........2,465,968 .................. ....................... ....................0 ..........73,129 09/15/2017<br />
31392W 6L 9 FHLMC SER 2508 CL PE PSTHR....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,217,438 ........3,217,438 .........3,305,981 .........3,214,717 .................... ..........2,721 ...................... .............2,721 ................... ..........3,217,438 .................. ....................... ....................0 ..........85,994 05/15/2028<br />
31394G JJ 3 FHLMC SER 2649 CL QC CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,223,293 ........2,223,293 .........2,251,398 .........2,223,679 .................... ............(386) ...................... ...............(386) ................... ..........2,223,293 .................. ....................... ....................0 ..........80,099 11/15/2016<br />
31394H 3U 3 FHLMC SER 2662 CL MA CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,377 ...............7,377 ................7,363 ................7,375 .................... .................2 ...................... ....................2 ................... .................7,377 .................. ....................... ....................0 ...............180 10/15/2031<br />
31397H BZ 0 FHLMC SER 3312 CL MT FLTG RT C................ ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........4,477,586 ........4,477,586 .........4,385,757 .........4,443,862 .................... ........33,724 ...................... ...........33,724 ................... ..........4,477,586 .................. ....................... ....................0 ........184,868 05/15/2037<br />
31397G HH 6 FHLMC SER 3313 CL GP CMO........................... ... 05/15/2008. VARIOUS................................... ........................... ...........617,382 ...........622,800 ............605,546 ............606,474 .................... .............255 ...................... ................255 ................... .............606,200 .................. ...........11,182 ...........11,182 ..........14,407 04/15/2037<br />
312915 CV 1 FHLMC 1490 CL CA CMO................................... ... 04/15/2008. VARIOUS................................... ........................... ...............9,584 ...............9,584 ................9,561 ................9,584 .................... .................... ...................... ....................0 ................... .................9,584 .................. ....................... ....................0 ...............140 04/15/2008<br />
312915 CU 3 FHLMC 1490 CL-C PAC CMO............................. ... 04/15/2008. VARIOUS................................... ........................... .............67,987 .............67,987 ..............66,046 ..............67,987 .................... .................... ...................... ....................0 ................... ...............67,987 .................. ....................... ....................0 ...............948 04/15/2008<br />
3133T2 J9 2 FHLMC 1624 CL KZ CMO.................................... ... 12/15/2008. VARIOUS................................... ........................... ........1,037,907 ........1,037,907 ............928,884 .........1,037,907 .................... .................... ...................... ....................0 ................... ..........1,037,907 .................. ....................... ....................0 ..........29,028 12/15/2008<br />
31392W UJ 7 FHLMC 2510 CL PE CMO.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........5,667,584 ........5,667,584 .........5,718,882 .........5,667,758 .................... ............(175) ...................... ...............(175) ................... ..........5,667,584 .................. ....................... ....................0 ........155,327 11/15/2031<br />
31392W Q6 0 FHLMC 2518 CL PE CMO.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,543,577 ........4,543,577 .........4,565,284 .........4,543,445 .................... .............132 ...................... ................132 ................... ..........4,543,577 .................. ....................... ....................0 ........122,460 04/15/2031<br />
31393F P7 5 FHLMC 2532 CL PD CMO................................... ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ...........875,755 ...........875,755 ............914,723 ............875,837 .................... ..............(82) ...................... .................(82) ................... .............875,755 .................. ....................... ....................0 ............8,643 06/15/2026<br />
31393H BN 1 FHLMC 2543 CL XE CMO.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,542,781 ........1,542,781 .........1,529,504 .........1,542,526 .................... .............256 ...................... ................256 ................... ..........1,542,781 .................. ....................... ....................0 ..........61,876 07/15/2016<br />
31394J MQ 7 FHLMC 2676 CL KQ CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,831,544 ........3,831,544 .........3,839,875 .........3,831,533 .................... ...............11 ...................... ..................11 ................... ..........3,831,544 .................. ....................... ....................0 ..........88,312 02/15/2020<br />
31394K BS 2 FHLMC 2690 CL OD CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,920,633 ........1,920,633 .........1,963,090 .........1,920,821 .................... ............(188) ...................... ...............(188) ................... ..........1,920,633 .................. ....................... ....................0 ..........84,748 02/15/2027<br />
31396H E3 9 FHLMC 3113 CL QA CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,149 .............10,149 ..............10,145 ..............10,147 .................... .................2 ...................... ....................2 ................... ...............10,149 .................. ....................... ....................0 ...............267 11/15/2025<br />
31397R CA 2 FHLMC 3416 CL GK CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,370 ...............3,370 ................3,362 .......................... .................... .................1 ...................... ....................1 ................... .................3,370 .................. ....................... ....................0 .................54 07/15/2022<br />
02R050 61 4 FHLMC 5% 30YR (JAN) TBA............................... ... 01/08/2008. GREENWICH CAPITAL MARKETS ........................... INC<br />
...........208,080 ...........210,000 ............204,848 ............204,848 .................... .................... ...................... ....................0 ................... .............204,848 .................. .............3,232 .............3,232 ...............379 01/01/2038<br />
31392H GS 6 FMNA FNR 02-95 EB SEQ.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,478,536 ........1,478,536 .........1,479,254 .........1,478,516 .................... ...............19 ...................... ..................19 ................... ..........1,478,536 .................. ....................... ....................0 ..........36,582 04/25/2031<br />
31359U VK 8 FMNA FNR 98-W6 M MEZ................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........492,159 ...........492,159 ............492,259 ............492,163 .................... ................(4) ...................... ...................(4) ................... .............492,159 .................. ....................... ....................0 ..........17,462 10/25/2028<br />
31359U UL 7 FMNA FNR 98-51 K SEQ..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........304,150 ...........304,150 ............291,692 ............304,390 .................... ............(240) ...................... ...............(240) ................... .............304,150 .................. ....................... ....................0 ..........10,521 08/20/2028<br />
31413T VX 7 FN POOL # 955230.............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,287 ...............1,287 ................1,296 .......................... .................... ................(2) ...................... ...................(2) ................... .................1,287 .................. ....................... ....................0 .................44 12/01/2037<br />
31412W KR 6 FN POOL# 936904............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................768 ..................768 ...................773 .......................... .................... ................(1) ...................... ...................(1) ................... ....................768 .................. ....................... ....................0 .................30 08/01/2037<br />
31414G ZQ 5 FN POOL# 966151............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,241 ...............1,241 ................1,250 .......................... .................... ................(2) ...................... ...................(2) ................... .................1,241 .................. ....................... ....................0 .................50 11/01/2037<br />
31371N EY 7 FNMA PL# 256751 PSTHRU.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ......17,367,673 ......17,367,673 .......17,236,927 .......17,360,035 .................... ..........7,639 ...................... .............7,639 ................... ........17,367,673 .................. ....................... ....................0 ........484,107 06/01/2027<br />
31390L U2 0 FNMA ARM PL#649601....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,008 ...............1,008 ................1,209 ...................952 .................... ...............56 ...................... ..................56 ................... .................1,008 .................. ....................... ....................0 .................37 07/01/2032<br />
31368H WP 4 FNMA FN 190654................................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............95,006 .............95,006 ..............99,748 ..............94,758 .................... .............248 ...................... ................248 ................... ...............95,006 .................. ....................... ....................0 ............3,742 01/01/2023<br />
31371K KG 5 FNMA FN 254195 PT........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........549,846 ...........549,846 ............546,983 ............549,861 .................... ..............(15) ...................... .................(15) ................... .............549,846 .................. ....................... ....................0 ..........15,951 02/01/2017<br />
31376K A2 2 FNMA FN 357425................................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............32,153 .............32,153 ..............31,772 ..............32,166 .................... ..............(13) ...................... .................(13) ................... ...............32,153 .................. ....................... ....................0 ...............760 09/01/2033<br />
31376K B9 6 FNMA FN 357464................................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,286,555 ........1,286,555 .........1,303,904 .........1,286,592 .................... ..............(36) ...................... .................(36) ................... ..........1,286,555 .................. ....................... ....................0 ..........30,157 12/01/2018<br />
31389N 4R 3 FNMA FN 630932 PT........................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........543,705 ...........543,705 ............540,225 ............543,881 .................... ............(177) ...................... ...............(177) ................... .............543,705 .................. ....................... ....................0 ..........19,935 02/01/2017<br />
31373U GG 6 FNMA FNARM 303599......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,169 ...............8,169 ................8,350 ................8,170 .................... ................(1) ...................... ...................(1) ................... .................8,169 .................. ....................... ....................0 ...............279 09/01/2025<br />
31368H H8 9 FNMA FNCI 190255............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............20,776 .............20,776 ..............19,588 ..............21,173 .................... ............(397) ...................... ...............(397) ................... ...............20,776 .................. ....................... ....................0 ...............613 02/01/2009<br />
31371G 5X 4 FNMA FNCI 252062............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,252 .............10,252 ..............10,323 ..............10,256 .................... ................(4) ...................... ...................(4) ................... ...............10,252 .................. ....................... ....................0 ...............340 10/01/2013<br />
31371H B6 4 FNMA FNCI 252161............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............18,093 .............18,093 ..............17,873 ..............18,093 .................... .................... ...................... ....................0 ................... ...............18,093 .................. ....................... ....................0 ...............560 12/01/2028<br />
31371K 4C 2 FNMA FNCI 254719............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........267,845 ...........267,845 ............270,519 ............267,864 .................... ..............(19) ...................... .................(19) ................... .............267,845 .................. ....................... ....................0 ............6,253 04/01/2018<br />
31371L CA 5 FNMA FNCI 254865............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,465,222 ........2,465,222 .........2,492,384 .........2,465,183 .................... ...............39 ...................... ..................39 ................... ..........2,465,222 .................. ....................... ....................0 ..........58,856 09/01/2018<br />
31371L DK 2 FNMA FNCI 254906............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,777,877 ........1,777,877 .........1,787,844 .........1,777,853 .................... ...............25 ...................... ..................25 ................... ..........1,777,877 .................. ....................... ....................0 ..........41,337 10/01/2018<br />
31373T 6T 2 FNMA FNCI 303382............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,193 ...............1,193 ................1,215 ................1,193 .................... .................... ...................... ....................0 ................... .................1,193 .................. ....................... ....................0 .................29 09/01/2009<br />
31374G JF 5 FNMA FNCI 313562............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,642 .............13,642 ..............13,833 ..............13,649 .................... ................(7) ...................... ...................(7) ................... ...............13,642 .................. ....................... ....................0 ...............450 06/01/2012<br />
31375A 6R 5 FNMA FNCI 329480............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,362 ...............1,362 ................1,385 ................1,360 .................... .................2 ...................... ....................2 ................... .................1,362 .................. ....................... ....................0 .................45 11/01/2010<br />
31375L KK 0 FNMA FNCI 337898............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............17,224 .............17,224 ..............17,534 ..............17,229 .................... ................(6) ...................... ...................(6) ................... ...............17,224 .................. ....................... ....................0 ...............663 04/01/2011<br />
31375P 2Y 1 FNMA FNCI 341091............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,518 ...............3,518 ................3,570 ................3,519 .................... ................(1) ...................... ...................(1) ................... .................3,518 .................. ....................... ....................0 ...............122 04/01/2011<br />
31375T 4X 3 FNMA FNCI 344738............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................66 ....................66 .....................67 .....................66 .................... .................... ...................... ....................0 ................... ......................66 .................. ....................... ....................0 ...................2 05/01/2011<br />
31378A AR 7 FNMA FNCI 392516............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,089 ...............2,089 ................2,120 ................2,087 .................... .................2 ...................... ....................2 ................... .................2,089 .................. ....................... ....................0 .................74 09/01/2012<br />
31378F DE 2 FNMA FNCI 397101............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,058 ...............2,058 ................2,088 ................2,060 .................... ................(1) ...................... ...................(1) ................... .................2,058 .................. ....................... ....................0 .................87 08/01/2012
E14.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31378M SJ 0 FNMA FNCI 402921............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,372 ...............1,372 ................1,376 ................1,372 .................... .................... ...................... ....................0 ................... .................1,372 .................. ....................... ....................0 .................49 02/01/2013<br />
31378P CY 7 FNMA FNCI 404287............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................396 ..................396 ...................404 ...................396 .................... .................1 ...................... ....................1 ................... ....................396 .................. ....................... ....................0 .................14 11/01/2012<br />
31378Q VD 0 FNMA FNCI 405712............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............21,805 .............21,805 ..............22,001 ..............21,846 .................... ..............(41) ...................... .................(41) ................... ...............21,805 .................. ....................... ....................0 ...............800 02/01/2013<br />
31378V CK 4 FNMA FNCI 409674............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................19 ....................19 .....................18 .....................19 .................... .................... ...................... ....................0 ................... ......................19 .................. ....................... ....................0 ...................1 03/01/2028<br />
31378W US 5 FNMA FNCI 411093............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................329 ..................329 ...................331 ...................329 .................... .................... ...................... ....................0 ................... ....................329 .................. ....................... ....................0 .................12 01/01/2013<br />
31378X A2 2 FNMA FNCI 411425............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,646 ...............4,646 ................4,670 ................4,645 .................... .................1 ...................... ....................1 ................... .................4,646 .................. ....................... ....................0 ...............150 01/01/2013<br />
31379A 4F 9 FNMA FNCI 414022............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,570 .............19,570 ..............19,627 ..............19,583 .................... ..............(12) ...................... .................(12) ................... ...............19,570 .................. ....................... ....................0 ...............854 04/01/2013<br />
31379E QJ 9 FNMA FNCI 417257............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................775 ..................775 ...................788 ...................774 .................... .................1 ...................... ....................1 ................... ....................775 .................. ....................... ....................0 .................27 02/01/2013<br />
31379E QW 0 FNMA FNCI 417269............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,291 ...............2,291 ................2,303 ................2,291 .................... .................... ...................... ....................0 ................... .................2,291 .................. ....................... ....................0 .................82 02/01/2013<br />
31379J Q9 0 FNMA FNCI 420880............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,611 ...............6,611 ................6,726 ................6,604 .................... .................7 ...................... ....................7 ................... .................6,611 .................. ....................... ....................0 ...............261 04/01/2013<br />
31379J 3C 8 FNMA FNCI 421195............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................502 ..................502 ...................506 ...................502 .................... .................... ...................... ....................0 ................... ....................502 .................. ....................... ....................0 .................18 04/01/2013<br />
31379J 4A 1 FNMA FNCI 421217............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............21,468 .............21,468 ..............21,626 ..............21,465 .................... .................3 ...................... ....................3 ................... ...............21,468 .................. ....................... ....................0 ...............711 05/01/2013<br />
31379J 4N 3 FNMA FNCI 421229............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............18,784 .............18,784 ..............18,922 ..............18,782 .................... .................3 ...................... ....................3 ................... ...............18,784 .................. ....................... ....................0 ...............654 05/01/2013<br />
31379K EK 5 FNMA FNCI 421438............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,624 .............15,624 ..............15,726 ..............15,619 .................... .................5 ...................... ....................5 ................... ...............15,624 .................. ....................... ....................0 ...............545 04/01/2013<br />
31379M 4A 4 FNMA FNCI 423917............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,624 ...............2,624 ................2,642 ................2,627 .................... ................(3) ...................... ...................(3) ................... .................2,624 .................. ....................... ....................0 .................92 08/01/2013<br />
31379N V7 9 FNMA FNCI 424638............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................482 ..................482 ...................491 ...................482 .................... .................... ...................... ....................0 ................... ....................482 .................. ....................... ....................0 .................14 04/01/2013<br />
31379P QG 0 FNMA FNCI 425355............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................233 ..................233 ...................231 ...................234 .................... ................(1) ...................... ...................(1) ................... ....................233 .................. ....................... ....................0 ...................9 05/01/2028<br />
31379S WY 8 FNMA FNCI 428263............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............14,827 .............14,827 ..............14,908 ..............14,824 .................... .................3 ...................... ....................3 ................... ...............14,827 .................. ....................... ....................0 ...............474 08/01/2013<br />
31379S WZ 5 FNMA FNCI 428264............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............25,235 .............25,235 ..............25,395 ..............25,226 .................... .................9 ...................... ....................9 ................... ...............25,235 .................. ....................... ....................0 ............1,407 08/01/2013<br />
31379S W2 8 FNMA FNCI 428265............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,891 .............19,891 ..............19,998 ..............19,890 .................... .................1 ...................... ....................1 ................... ...............19,891 .................. ....................... ....................0 ...............770 08/01/2013<br />
31379S W4 4 FNMA FNCI 428267............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,493 .............13,493 ..............13,571 ..............13,491 .................... .................2 ...................... ....................2 ................... ...............13,493 .................. ....................... ....................0 ...............506 08/01/2013<br />
31379U F5 5 FNMA FNCI 429588............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................748 ..................748 ...................753 ...................748 .................... .................... ...................... ....................0 ................... ....................748 .................. ....................... ....................0 .................27 06/01/2013<br />
31379U TA 9 FNMA FNCI 429945............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,637 ...............7,637 ................7,640 ................7,637 .................... .................... ...................... ....................0 ................... .................7,637 .................. ....................... ....................0 ...............269 08/01/2013<br />
31379V ML 0 FNMA FNCI 430663............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,578 ...............3,578 ................3,605 ................3,580 .................... ................(2) ...................... ...................(2) ................... .................3,578 .................. ....................... ....................0 ...............141 07/01/2013<br />
31379Y D7 5 FNMA FNCI 433126............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................943 ..................943 ...................943 ...................943 .................... .................... ...................... ....................0 ................... ....................943 .................. ....................... ....................0 .................34 08/01/2013<br />
31379Y S2 0 FNMA FNCI 433537............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................171 ..................171 ...................170 ...................171 .................... .................... ...................... ....................0 ................... ....................171 .................. ....................... ....................0 ...................7 08/01/2028<br />
31380A NC 2 FNMA FNCI 434287............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............22,093 .............22,093 ..............22,218 ..............22,095 .................... ................(2) ...................... ...................(2) ................... ...............22,093 .................. ....................... ....................0 ...............854 08/01/2013<br />
31380D G9 1 FNMA FNCI 436824............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,550 ...............3,550 ................3,567 ................3,549 .................... .................1 ...................... ....................1 ................... .................3,550 .................. ....................... ....................0 ...............126 07/01/2013<br />
31380F 5W 7 FNMA FNCI 439261............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............37,972 .............37,972 ..............38,154 ..............37,982 .................... ..............(10) ...................... .................(10) ................... ...............37,972 .................. ....................... ....................0 ...............849 08/01/2013<br />
31380F 5Y 3 FNMA FNCI 439263............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,212 ...............2,212 ................2,223 ................2,211 .................... .................1 ...................... ....................1 ................... .................2,212 .................. ....................... ....................0 .................79 08/01/2013<br />
31380F 6V 8 FNMA FNCI 439284............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................650 ..................650 ...................655 ...................651 .................... ................(1) ...................... ...................(1) ................... ....................650 .................. ....................... ....................0 .................22 09/01/2013<br />
31380G MX 4 FNMA FNCI 439674............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............37,277 .............37,277 ..............37,474 ..............37,276 .................... .................1 ...................... ....................1 ................... ...............37,277 .................. ....................... ....................0 ............1,112 08/01/2013<br />
31380H BE 6 FNMA FNCI 440237............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,098 ...............3,098 ................3,141 ................3,097 .................... .................2 ...................... ....................2 ................... .................3,098 .................. ....................... ....................0 ...............114 09/01/2013<br />
31380H 2J 5 FNMA FNCI 440977............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............53,763 .............53,763 ..............54,179 ..............53,911 .................... ............(149) ...................... ...............(149) ................... ...............53,763 .................. ....................... ....................0 ............2,333 08/01/2013<br />
31380M RK 4 FNMA FNCI 444290............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,033 ...............7,033 ................7,080 ................7,040 .................... ................(7) ...................... ...................(7) ................... .................7,033 .................. ....................... ....................0 ...............257 09/01/2013<br />
31391B 3S 4 FNMA FNCI 662409............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............36,068 .............36,068 ..............36,268 ..............36,064 .................... .................4 ...................... ....................4 ................... ...............36,068 .................. ....................... ....................0 ............1,102 01/01/2018<br />
31400B 6B 7 FNMA FNCI 683166............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........500,594 ...........500,594 ............504,018 ............500,664 .................... ..............(70) ...................... .................(70) ................... .............500,594 .................. ....................... ....................0 ..........12,946 02/01/2018<br />
31403F XM 1 FNMA FNCI 747784............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........512,142 ...........512,142 ............516,881 ............512,094 .................... ...............48 ...................... ..................48 ................... .............512,142 .................. ....................... ....................0 ..........12,286 10/01/2018<br />
31403F ZB 3 FNMA FNCI 747838............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,942,232 ........3,942,232 .........3,969,324 .........3,942,045 .................... .............187 ...................... ................187 ................... ..........3,942,232 .................. ....................... ....................0 ..........99,456 12/01/2018<br />
31404M 5M 6 FNMA FNCI 773152............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,622,338 ........4,622,338 .........4,601,654 .........4,622,527 .................... ............(189) ...................... ...............(189) ................... ..........4,622,338 .................. ....................... ....................0 ..........94,945 06/01/2019<br />
31368H TR 4 FNMA FNCI190560.............................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,183 ...............2,183 ................2,197 ................2,183 .................... .................... ...................... ....................0 ................... .................2,183 .................. ....................... ....................0 .................64 01/01/2009<br />
31367H QE 7 FNMA FNCL 169753............................................ ... 03/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,944 ...............7,944 ................7,919 ................7,944 .................... .................... ...................... ....................0 ................... .................7,944 .................. ....................... ....................0 ...............148 11/01/2022<br />
31374G AJ 6 FNMA FNCL 313309............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........376,140 ...........376,140 ............369,880 ............376,323 .................... ............(183) ...................... ...............(183) ................... .............376,140 .................. ....................... ....................0 ..........12,464 01/01/2027<br />
31379C WR 8 FNMA FNCL 415656............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................488 ..................488 ...................479 ...................488 .................... .................... ...................... ....................0 ................... ....................488 .................. ....................... ....................0 .................17 03/01/2028<br />
31379Y MN 0 FNMA FNCL 433365............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................480 ..................480 ...................478 ...................480 .................... .................... ...................... ....................0 ................... ....................480 .................. ....................... ....................0 .................15 08/01/2028<br />
31379Y NL 3 FNMA FNCL 433395............................................ ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,156 ...............2,156 ................2,135 ................2,128 .................... ...............28 ...................... ..................28 ................... .................2,156 .................. ....................... ....................0 .................47 08/01/2028<br />
31379Y SC 8 FNMA FNCL 433515............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,358 ...............5,358 ................5,336 ................5,358 .................... .................... ...................... ....................0 ................... .................5,358 .................. ....................... ....................0 ...............128 08/01/2028<br />
31379Y SD 6 FNMA FNCL 433516............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,740 ...............4,740 ................4,725 ................4,742 .................... ................(2) ...................... ...................(2) ................... .................4,740 .................. ....................... ....................0 ...............245 08/01/2028<br />
31379Y SR 5 FNMA FNCL 433528............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,156 ...............3,156 ................3,146 ................3,157 .................... ................(1) ...................... ...................(1) ................... .................3,156 .................. ....................... ....................0 ...............112 08/01/2028<br />
31379Y SW 4 FNMA FNCL 433533............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,458 ...............6,458 ................6,431 ................6,454 .................... .................4 ...................... ....................4 ................... .................6,458 .................. ....................... ....................0 ...............216 08/01/2028<br />
31379Y TA 1 FNMA FNCL 433545............................................ ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,305 ...............2,305 ................2,293 ................2,293 .................... ...............12 ...................... ..................12 ................... .................2,305 .................. ....................... ....................0 .................12 08/01/2028<br />
31380B CE 8 FNMA FNCL 434869............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............33,607 .............33,607 ..............33,492 ..............33,603 .................... .................4 ...................... ....................4 ................... ...............33,607 .................. ....................... ....................0 ...............884 08/01/2028<br />
31380N C9 3 FNMA FNCL 444796............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,691 ...............4,691 ................4,649 ................4,694 .................... ................(3) ...................... ...................(3) ................... .................4,691 .................. ....................... ....................0 ...............144 12/01/2028<br />
31380T 4E 8 FNMA FNCL 450021............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,592 ...............9,592 ................9,489 ................9,600 .................... ................(8) ...................... ...................(8) ................... .................9,592 .................. ....................... ....................0 ...............423 12/01/2028
E14.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31380U MB 1 FNMA FNCL 450454............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,738 ...............4,738 ................4,677 ................4,749 .................... ..............(11) ...................... .................(11) ................... .................4,738 .................. ....................... ....................0 ...............155 11/01/2028<br />
31380X RP 9 FNMA FNCL 453294............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................897 ..................897 ...................889 ...................898 .................... ................(1) ...................... ...................(1) ................... ....................897 .................. ....................... ....................0 .................29 12/01/2028<br />
31381A EQ 0 FNMA FNCL 454743............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,113 ...............2,113 ................2,089 ................2,117 .................... ................(4) ...................... ...................(4) ................... .................2,113 .................. ....................... ....................0 .................70 12/01/2028<br />
31381B 5G 0 FNMA FNCL 456347............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............25,051 .............25,051 ..............24,750 ..............25,002 .................... ...............49 ...................... ..................49 ................... ...............25,051 .................. ....................... ....................0 ...............707 12/01/2028<br />
31362D B5 6 FNMA FNCL 57660.............................................. ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ..................880 ..................880 ...................886 ...................882 .................... ................(3) ...................... ...................(3) ................... ....................880 .................. ....................... ....................0 .................22 06/01/2017<br />
31360G 4K 6 FNMA FNGL 006226............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,656 ...............6,656 ................6,967 ................6,749 .................... ..............(93) ...................... .................(93) ................... .................6,656 .................. ....................... ....................0 ...............393 12/01/2015<br />
31358L FV 3 FNMA FNR G92-2 Z XACC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........191,757 ...........191,757 ............197,991 ............191,753 .................... .................4 ...................... ....................4 ................... .............191,757 .................. ....................... ....................0 ............7,787 12/25/2021<br />
31358P HT 7 FNMA FNR G92-35 E BPAC............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........302,277 ...........302,277 ............297,030 ............302,521 .................... ............(244) ...................... ...............(244) ................... .............302,277 .................. ....................... ....................0 ..........12,112 07/25/2022<br />
31359F XM 5 FNMA FNR G93-40 H BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........428,779 ...........428,779 ............408,000 ............428,874 .................... ..............(95) ...................... .................(95) ................... .............428,779 .................. ....................... ....................0 ..........14,378 12/25/2023<br />
31392D V2 5 FNMA FNR 02-48 AE PAC................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,777,138 ........1,777,138 .........1,770,797 .........1,777,138 .................... .................1 ...................... ....................1 ................... ..........1,777,138 .................. ....................... ....................0 ..........42,786 08/25/2032<br />
31394B F4 1 FNMA FNR 04-101 VP SEQ................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........140,337 ...........140,337 ............140,253 ............140,339 .................... ................(1) ...................... ...................(1) ................... .............140,337 .................. ....................... ....................0 ............3,830 10/25/2027<br />
31394B W3 4 FNMA FNR 04-95 EN NAS.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........971,122 ...........971,122 ............966,123 ............971,428 .................... ............(307) ...................... ...............(307) ................... .............971,122 .................. ....................... ....................0 ..........23,573 03/25/2032<br />
31394D TP 5 FNMA FNR 05-38 QJ SEQ................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............56,341 .............56,341 ..............56,358 ..............56,341 .................... .................... ...................... ....................0 ................... ...............56,341 .................. ....................... ....................0 ............1,692 03/25/2033<br />
31392A LP 1 FNMA FNR 2001-5- NE BPAC............................. ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... .............43,740 .............43,740 ..............43,515 ..............43,740 .................... .................... ...................... ....................0 ................... ...............43,740 .................. ....................... ....................0 ...............219 08/25/2030<br />
31392A FS 2 FNMA FNR 2001-64 QG BPAC........................... ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ...........651,754 ...........651,754 ............646,420 ............651,723 .................... ...............31 ...................... ..................31 ................... .............651,754 .................. ....................... ....................0 ............8,012 03/25/2030<br />
31392B PC 4 FNMA FNR 2001-81 VB VADM............................ ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,486,616 ........2,486,616 .........2,357,757 .........2,481,078 .................... ..........5,538 ...................... .............5,538 ................... ..........2,486,616 .................. ....................... ....................0 ..........53,541 04/25/2018<br />
31392B XP 6 FNMA FNR 2002-2 QM VADM............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,731,734 ........3,731,734 .........3,649,458 .........3,731,513 .................... .............221 ...................... ................221 ................... ..........3,731,734 .................. ....................... ....................0 ........110,674 11/25/2018<br />
31392B TZ 9 FNMA FNR 2002-5 PR BPAC.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,331,713 ........2,331,713 .........2,301,070 .........2,331,683 .................... ...............29 ...................... ..................29 ................... ..........2,331,713 .................. ....................... ....................0 ..........68,473 02/15/2022<br />
313602 DB 7 FNMA FNR 88-13 C BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................607 ..................607 ...................629 ...................605 .................... .................1 ...................... ....................1 ................... ....................607 .................. ....................... ....................0 .................29 05/25/2018<br />
313602 HT 4 FNMA FNR 88-29 B TAC..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,127 .............19,127 ..............18,658 ..............19,133 .................... ................(6) ...................... ...................(6) ................... ...............19,127 .................. ....................... ....................0 ...............803 12/25/2018<br />
313602 JU 9 FNMA FNR 89-2 D BPAC.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........101,267 ...........101,267 ..............99,862 ............101,281 .................... ..............(14) ...................... .................(14) ................... .............101,267 .................. ....................... ....................0 ............3,879 01/25/2019<br />
313602 QL 1 FNMA FNR 89-20 A BPAC MF............................ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,715,688 ........1,715,688 .........1,596,987 .........1,688,273 .................... ........27,416 ...................... ...........27,416 ................... ..........1,715,688 .................. ....................... ....................0 ..........85,114 04/25/2018<br />
31358E 8N 5 FNMA FNR 90-114 X XACC BPAC..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............70,990 .............70,990 ..............75,731 ..............70,963 .................... ...............27 ...................... ..................27 ................... ...............70,990 .................. ....................... ....................0 ............3,089 09/25/2020<br />
31358F HF 9 FNMA FNR 90-128 J BPAC................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............94,999 .............94,999 ............101,711 ..............94,985 .................... ...............14 ...................... ..................14 ................... ...............94,999 .................. ....................... ....................0 ............3,983 10/25/2020<br />
31358F 2D 0 FNMA FNR 91-19 K BPAC................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........118,243 ...........118,243 ............117,375 ............118,270 .................... ..............(27) ...................... .................(27) ................... .............118,243 .................. ....................... ....................0 ............4,434 03/25/2021<br />
31358F ZB 8 FNMA FNR 91-6 ZD XACC BPAC....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............46,796 .............46,796 ..............50,770 ..............46,766 .................... ...............30 ...................... ..................30 ................... ...............46,796 .................. ....................... ....................0 ............1,874 01/25/2021<br />
31358P EE 3 FNMA FNR 92-117 M BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........107,705 ...........107,705 ............105,950 ............107,722 .................... ..............(17) ...................... .................(17) ................... .............107,705 .................. ....................... ....................0 ............3,971 07/25/2022<br />
31358L 2M 7 FNMA FNR 92-29 Z BPAC................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............71,344 .............71,344 ..............73,850 ..............71,281 .................... ...............62 ...................... ..................62 ................... ...............71,344 .................. ....................... ....................0 ............3,015 02/25/2022<br />
31358N EH 1 FNMA FNR 92-92 Z ACC BPAC.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........291,005 ...........291,005 ............300,039 ............290,948 .................... ...............57 ...................... ..................57 ................... .............291,005 .................. ....................... ....................0 ..........12,274 06/25/2022<br />
31359B D4 6 FNMA FNR 93-129 H PAC................................... ... 08/25/2008. VARIOUS................................... ........................... ........1,284,514 ........1,284,514 .........1,205,045 .........1,282,725 .................... ..........1,789 ...................... .............1,789 ................... ..........1,284,514 .................. ....................... ....................0 ..........26,661 08/25/2008<br />
31358U G5 9 FNMA FNR 93-61 KC BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........560,864 ...........560,864 ............537,289 ............560,979 .................... ............(115) ...................... ...............(115) ................... .............560,864 .................. ....................... ....................0 ..........19,605 05/25/2023<br />
31359G 6F 8 FNMA FNR 94-48 G BPAC.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,502,172 ........3,502,172 .........3,155,159 .........3,502,047 .................... .............126 ...................... ................126 ................... ..........3,502,172 .................. ....................... ....................0 ........103,824 03/25/2009<br />
31359N PU 9 FNMA FNR 97-10 Z ACC..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........705,258 ...........705,258 ............669,261 ............706,424 .................... .........(1,166) ...................... ............(1,166) ................... .............705,258 .................. ....................... ....................0 ..........27,079 03/18/2027<br />
31359N 6P 1 FNMA FNR 97-23 Z ACC..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........444,556 ...........444,556 ............442,288 ............444,571 .................... ..............(14) ...................... .................(14) ................... .............444,556 .................. ....................... ....................0 ..........13,925 04/18/2027<br />
31359N MP 3 FNMA FNR 97-4 Z ACC....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........630,062 ...........630,062 ............624,137 ............630,412 .................... ............(350) ...................... ...............(350) ................... .............630,062 .................. ....................... ....................0 ..........21,843 02/18/2027<br />
31359T H3 5 FNMA FNR 98-40 Z ACC..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,751,661 ........2,751,661 .........2,664,793 .........2,752,058 .................... ............(396) ...................... ...............(396) ................... ..........2,751,661 .................. ....................... ....................0 ..........85,906 07/18/2028<br />
31359V TD 5 FNMA FNR 99-17 E NAS..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........290,821 ...........290,821 ............288,199 ............290,861 .................... ..............(39) ...................... .................(39) ................... .............290,821 .................. ....................... ....................0 ............9,831 03/20/2029<br />
31359W DC 2 FNMA FNR 99-26 LB SEQ................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........344,326 ...........344,326 ............336,996 ............344,356 .................... ..............(30) ...................... .................(30) ................... .............344,326 .................. ....................... ....................0 ..........11,927 06/25/2019<br />
31359W C6 6 FNMA FNR 99-50 OD BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,528,083 ........1,528,083 .........1,494,010 .........1,528,238 .................... ............(155) ...................... ...............(155) ................... ..........1,528,083 .................. ....................... ....................0 ..........48,622 09/25/2029<br />
31359X KR 9 FNMA FNR 99-60 CG BPAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........768,970 ...........768,970 ............767,403 ............768,984 .................... ..............(14) ...................... .................(14) ................... .............768,970 .................. ....................... ....................0 ..........23,557 10/18/2028<br />
31392D J4 5 FNMA FNW 02-W5 A7......................................... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,408,360 ........1,408,360 .........1,422,747 .........1,423,097 .................... .......(14,737) ...................... ..........(14,737) ................... ..........1,408,360 .................. ....................... ....................0 ..........32,287 08/25/2030<br />
31385T N6 9 FNMA PL # 552213 PSTHR................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................233 ..................233 ...................236 ...................233 .................... .................... ...................... ....................0 ................... ....................233 .................. ....................... ....................0 .................14 06/01/2030<br />
31363M QB 6 FNMA PL # 93150 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............17,414 .............17,414 ..............18,208 ..............17,480 .................... ..............(66) ...................... .................(66) ................... ...............17,414 .................. ....................... ....................0 ............1,039 07/01/2012<br />
31360M 5Y 2 FNMA PL# 10763 PSTHR.................................... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ..................364 ..................364 ...................372 ...................368 .................... ................(4) ...................... ...................(4) ................... ....................364 .................. ....................... ....................0 .................14 07/01/2009<br />
31365Q 5T 9 FNMA PL# 135058 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,371 ...............3,371 ................3,439 ................3,371 .................... .................... ...................... ....................0 ................... .................3,371 .................. ....................... ....................0 ...............185 01/01/2019<br />
31360W BW 7 FNMA PL# 18053 PSTHR.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,038 ...............5,038 ................5,228 ................5,004 .................... ...............33 ...................... ..................33 ................... .................5,038 .................. ....................... ....................0 ...............305 09/01/2015<br />
31368U GZ 1 FNMA PL# 200116 PSTHR.................................. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ....................62 ....................62 .....................66 .....................65 .................... ................(3) ...................... ...................(3) ................... ......................62 .................. ....................... ....................0 ...................4 01/01/2023<br />
31371J JK 1 FNMA PL# 253266............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............34,148 .............34,148 ..............34,388 ..............34,148 .................... .................... ...................... ....................0 ................... ...............34,148 .................. ....................... ....................0 ............1,462 05/01/2030<br />
31371K SH 5 FNMA PL# 254420............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........518,670 ...........518,670 ............533,473 ............518,786 .................... ............(116) ...................... ...............(116) ................... .............518,670 .................. ....................... ....................0 ..........15,389 07/01/2022<br />
31371K S5 1 FNMA PL# 254440............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,328,911 ........1,328,911 .........1,364,161 .........1,327,457 .................... ..........1,454 ...................... .............1,454 ................... ..........1,328,911 .................. ....................... ....................0 ..........39,993 08/01/2022<br />
31371K WH 0 FNMA PL# 254548 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........963,961 ...........963,961 ............974,767 ............964,188 .................... ............(227) ...................... ...............(227) ................... .............963,961 .................. ....................... ....................0 ..........25,745 12/01/2032<br />
31371K 2P 5 FNMA PL# 254682............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........205,646 ...........205,646 ............215,986 ............206,269 .................... ............(623) ...................... ...............(623) ................... .............205,646 .................. ....................... ....................0 ............5,391 03/01/2013<br />
31384R E9 8 FNMA PL# 531260............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................374 ..................374 ...................377 ...................374 .................... .................... ...................... ....................0 ................... ....................374 .................. ....................... ....................0 .................14 04/01/2030<br />
31385T Z7 4 FNMA PL# 552566 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,352 ...............3,352 ................3,398 ................3,352 .................... .................... ...................... ....................0 ................... .................3,352 .................. ....................... ....................0 .................69 10/01/2030<br />
31388X EN 0 FNMA PL# 617641 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........205,879 ...........205,879 ............214,859 ............206,198 .................... ............(319) ...................... ...............(319) ................... .............205,879 .................. ....................... ....................0 ............9,433 01/01/2032
E14.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31390P M2 0 FNMA PL# 652077 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........146,770 ...........146,770 ............153,801 ............146,666 .................... .............105 ...................... ................105 ................... .............146,770 .................. ....................... ....................0 ............2,832 08/01/2032<br />
31391L AM 7 FNMA PL# 669712 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........562,148 ...........562,148 ............565,367 ............562,143 .................... .................6 ...................... ....................6 ................... .............562,148 .................. ....................... ....................0 ..........15,222 11/01/2032<br />
31391L S3 0 FNMA PL# 670238 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........606,311 ...........606,311 ............628,346 ............605,357 .................... .............954 ...................... ................954 ................... .............606,311 .................. ....................... ....................0 ..........18,764 11/01/2032<br />
31391U QM 0 FNMA PL# 677360 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........265,662 ...........265,662 ............264,105 ............265,633 .................... ...............29 ...................... ..................29 ................... .............265,662 .................. ....................... ....................0 ............6,946 01/01/2018<br />
31360H UK 5 FNMA PL# 6886 PSTHR...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............25,919 .............25,919 ..............26,528 ..............26,352 .................... ............(433) ...................... ...............(433) ................... ...............25,919 .................. ....................... ....................0 ............1,370 08/01/2015<br />
31360A AG 1 FNMA PL# 7 PSTHR............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,722 .............13,722 ..............14,101 ..............13,720 .................... .................2 ...................... ....................2 ................... ...............13,722 .................. ....................... ....................0 ...............535 01/01/2010<br />
31402W H6 8 FNMA PL# 740153 PSTHR.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........198,878 ...........198,878 ............200,093 ............198,844 .................... ...............34 ...................... ..................34 ................... .............198,878 .................. ....................... ....................0 ............4,669 08/01/2033<br />
31406X GL 0 FNMA PL# 822903............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,143,545 ........2,143,545 .........2,135,574 .........2,143,159 .................... .............386 ...................... ................386 ................... ..........2,143,545 .................. ....................... ....................0 ..........62,987 01/01/2036<br />
31407N 2C 6 FNMA PL# 836071............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........768,153 ...........768,153 ............767,957 .......................... .................... ...............39 ...................... ..................39 ................... .............768,153 .................. ....................... ....................0 ..........16,551 10/01/2035<br />
31360A CW 4 FNMA PL# 85 PSTHR.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............16,208 .............16,208 ..............16,604 ..............16,228 .................... ..............(20) ...................... .................(20) ................... ...............16,208 .................. ....................... ....................0 ...............616 03/01/2011<br />
31410F YL 3 FNMA PL# 888215............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,232,437 ........3,232,437 .........3,242,290 .........3,232,801 .................... ............(364) ...................... ...............(364) ................... ..........3,232,437 .................. ....................... ....................0 ..........99,640 12/01/2036<br />
31410K BW 3 FNMA PL# 889353............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,016,836 ........1,016,836 .........1,017,000 .......................... .................... ................(5) ...................... ...................(5) ................... ..........1,016,836 .................. ....................... ....................0 ..........13,053 03/01/2038<br />
31410K JY 1 FNMA PL# 889579............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,402,488 ........2,402,488 .........2,402,818 .......................... .................... ............(775) ...................... ...............(775) ................... ..........2,402,488 .................. ....................... ....................0 ..........40,751 05/01/2038<br />
31411W GD 3 FNMA PL# 916496............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,920,155 ........4,920,155 .........4,880,214 .........4,918,090 .................... ..........2,065 ...................... .............2,065 ................... ..........4,920,155 .................. ....................... ....................0 ........134,474 06/01/2037<br />
31411Y VR 1 FNMA PL# 918724............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........762,678 ...........762,678 ............756,351 ............762,709 .................... ..............(31) ...................... .................(31) ................... .............762,678 .................. ....................... ....................0 ..........23,146 06/01/2037<br />
31412F PT 4 FNMA PL# 923934............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........939,855 ...........939,855 ............938,818 ............939,733 .................... .............122 ...................... ................122 ................... .............939,855 .................. ....................... ....................0 ..........23,300 03/01/2037<br />
31413T UH 3 FNMA PL# 955184............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,411 ...............2,411 ................2,421 ................2,415 .................... ................(4) ...................... ...................(4) ................... .................2,411 .................. ....................... ....................0 .................81 11/01/2037<br />
31414C JT 6 FNMA PL# 962074............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........350,856 ...........350,856 ............350,919 .......................... .................... ............(104) ...................... ...............(104) ................... .............350,856 .................. ....................... ....................0 ............5,865 03/01/2038<br />
31415C LT 2 FNMA PL# 982838............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,054,363 ........1,054,363 .........1,053,884 .......................... .................... ...............80 ...................... ..................80 ................... ..........1,054,363 .................. ....................... ....................0 ..........14,512 05/01/2038<br />
31365D MB 8 FNMA PL#124654 PSTHR................................... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,184 ...............2,184 ................2,000 ................2,184 .................... .................... ...................... ....................0 ................... .................2,184 .................. ....................... ....................0 .................13 02/01/2008<br />
31365D VR 3 FNMA PL#124924 PSTHR................................... ... 02/01/2008. SCHEDULED REPAYMENT...... ........................... ..................429 ..................429 ...................394 ...................429 .................... .................... ...................... ....................0 ................... ....................429 .................. ....................... ....................0 ...................4 07/01/2008<br />
31368H LW 1 FNMA PL#190341................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................594 ..................594 ...................594 .......................... .................... .................... ...................... ....................0 ................... ....................594 .................. ....................... ....................0 ...................4 09/01/2018<br />
31360C V4 1 FNMA PL#2435.................................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................296 ..................296 ...................308 ...................296 .................... .................... ...................... ....................0 ................... ....................296 .................. ....................... ....................0 .................25 10/01/2012<br />
31371E WU 5 FNMA PL#250059 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............27,682 .............27,682 ..............23,161 ..............27,773 .................... ..............(91) ...................... .................(91) ................... ...............27,682 .................. ....................... ....................0 ...............799 06/01/2024<br />
31371E W3 5 FNMA PL#250066................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............11,210 .............11,210 ..............11,270 ..............11,206 .................... .................4 ...................... ....................4 ................... ...............11,210 .................. ....................... ....................0 ...............411 05/01/2024<br />
31371E XN 0 FNMA PL#250085................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............18,987 .............18,987 ..............19,084 ..............18,984 .................... .................3 ...................... ....................3 ................... ...............18,987 .................. ....................... ....................0 ...............683 06/01/2024<br />
31371E ZH 1 FNMA PL#250144 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............20,995 .............20,995 ..............19,415 ..............21,030 .................... ..............(35) ...................... .................(35) ................... ...............20,995 .................. ....................... ....................0 ...............679 10/01/2024<br />
31371G N6 3 FNMA PL#251613 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........531,193 ...........531,193 ............538,463 ............531,193 .................... .................... ...................... ....................0 ................... .............531,193 .................. ....................... ....................0 ..........17,472 04/01/2028<br />
31371H 6S 2 FNMA PL#252981................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........181,586 ...........181,586 ............189,003 ............182,895 .................... .........(1,310) ...................... ............(1,310) ................... .............181,586 .................. ....................... ....................0 ............6,921 01/01/2030<br />
31371K TC 5 FNMA PL#254447................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........398,009 ...........398,009 ............399,072 ............398,014 .................... ................(4) ...................... ...................(4) ................... .............398,009 .................. ....................... ....................0 ..........11,454 09/01/2032<br />
31371K 5Z 0 FNMA PL#254764................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........499,130 ...........499,130 ............516,456 ............499,616 .................... ............(485) ...................... ...............(485) ................... .............499,130 .................. ....................... ....................0 ..........13,651 06/01/2023<br />
31371L CE 7 FNMA PL#254869 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........209,135 ...........209,135 ............209,167 ............209,135 .................... .................... ...................... ....................0 ................... .............209,135 .................. ....................... ....................0 ............5,872 09/01/2033<br />
31371M 3X 3 FNMA PL#256514................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,062 .............19,062 ..............19,081 ..............19,073 .................... ..............(10) ...................... .................(10) ................... ...............19,062 .................. ....................... ....................0 ...............500 12/01/2036<br />
31371N QP 3 FNMA PL#257062................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................190 ..................190 ...................190 .......................... .................... .................... ...................... ....................0 ................... ....................190 .................. ....................... ....................0 ...................2 01/01/2038<br />
31371N XQ 3 FNMA PL#257287................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............58,079 .............58,079 ..............58,060 .......................... .................... ...............33 ...................... ..................33 ................... ...............58,079 .................. ....................... ....................0 ...............659 07/01/2038<br />
31372X 3J 9 FNMA PL#286201 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,523 .............13,523 ..............12,405 ..............13,520 .................... .................3 ...................... ....................3 ................... ...............13,523 .................. ....................... ....................0 ...............395 07/01/2009<br />
31373T WJ 5 FNMA PL#303149 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............77,923 .............77,923 ..............73,591 ..............78,016 .................... ..............(93) ...................... .................(93) ................... ...............77,923 .................. ....................... ....................0 ............3,136 02/01/2010<br />
31373U P5 0 FNMA PL#303844 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........160,885 ...........160,885 ............160,038 ............160,897 .................... ..............(12) ...................... .................(12) ................... .............160,885 .................. ....................... ....................0 ............5,672 04/01/2011<br />
31374F ZA 0 FNMA PL#313137 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........260,526 ...........260,526 ............247,400 ............260,562 .................... ..............(36) ...................... .................(36) ................... .............260,526 .................. ....................... ....................0 ............9,180 10/01/2011<br />
31374K 5W 4 FNMA PL#316861 PSTHR................................... ... 06/01/2008. SCHEDULED REPAYMENT...... ........................... .............30,131 .............30,131 ..............29,948 ..............30,086 .................... ...............44 ...................... ..................44 ................... ...............30,131 .................. ....................... ....................0 ............1,123 07/01/2025<br />
31374W WC 2 FNMA PL#326543 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............27,306 .............27,306 ..............26,319 ..............27,153 .................... .............153 ...................... ................153 ................... ...............27,306 .................. ....................... ....................0 ...............805 10/01/2025<br />
31375B RR 0 FNMA PL#329996 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,363 ...............8,363 ................7,716 ................8,399 .................... ..............(35) ...................... .................(35) ................... .................8,363 .................. ....................... ....................0 ...............321 11/01/2025<br />
31375V S5 3 FNMA PL#346240 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............22,095 .............22,095 ..............17,983 ..............22,219 .................... ............(124) ...................... ...............(124) ................... ...............22,095 .................. ....................... ....................0 ...............752 05/01/2026<br />
31376C SS 4 FNMA PL#351629 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............58,798 .............58,798 ..............57,906 ..............58,798 .................... .................... ...................... ....................0 ................... ...............58,798 .................. ....................... ....................0 ............1,372 11/01/2009<br />
31377N WD 7 FNMA PL#382344................................................ ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ......20,851,711 ......20,851,711 .......23,198,643 .......21,309,856 .................... .....(458,145) ...................... ........(458,145) ................... ........20,851,711 .................. ....................... ....................0 .....2,239,112 04/01/2010<br />
31379Q YZ 7 FNMA PL#426528................................................ ... 12/01/2008. VARIOUS................................... ........................... .............10,120 .............10,120 ..............11,444 ..............10,226 .................... ............(143) ...................... ...............(143) ................... ...............10,120 .................. ....................... ....................0 ...............280 12/01/2008<br />
31361W 5R 4 FNMA PL#44056 PSTHR..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............45,333 .............45,333 ..............45,042 ..............45,340 .................... ................(7) ...................... ...................(7) ................... ...............45,333 .................. ....................... ....................0 ............2,294 01/01/2018<br />
31380M 6Q 4 FNMA PL#444679 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........348,030 ...........348,030 ............360,299 ............348,948 .................... ............(918) ...................... ...............(918) ................... .............348,030 .................. ....................... ....................0 ............9,476 09/01/2028<br />
31381D 3H 6 FNMA PL#458100 MEGA PL............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............51,984 .............51,984 ..............60,141 ..............52,485 .................... ............(501) ...................... ...............(501) ................... ...............51,984 .................. ....................... ....................0 ............1,417 05/15/2009<br />
31384C V4 3 FNMA PL#520035................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,106 .............15,106 ..............15,484 ..............15,540 .................... ............(434) ...................... ...............(434) ................... ...............15,106 .................. ....................... ....................0 ...............827 11/01/2016<br />
31385W 2H 1 FNMA PL#555276................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,552 ...............1,552 ................1,559 ................1,552 .................... .................... ...................... ....................0 ................... .................1,552 .................. ....................... ....................0 .................64 03/01/2025<br />
31388N F9 2 FNMA PL#609592................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,224 ...............2,224 ................2,229 ................2,225 .................... .................... ...................... ....................0 ................... .................2,224 .................. ....................... ....................0 .................74 11/01/2031<br />
31388U C9 9 FNMA PL#614896................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............99,860 .............99,860 ............106,974 ..............98,629 .................... ..........1,231 ...................... .............1,231 ................... ...............99,860 .................. ....................... ....................0 ............3,200 12/01/2031<br />
31389K EN 7 FNMA PL#627541................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............45,080 .............45,080 ..............47,455 ..............45,237 .................... ............(157) ...................... ...............(157) ................... ...............45,080 .................. ....................... ....................0 ............1,510 02/01/2017
E14.11<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31389K LB 5 FNMA PL#627722................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............37,176 .............37,176 ..............39,678 ..............37,344 .................... ............(168) ...................... ...............(168) ................... ...............37,176 .................. ....................... ....................0 ............1,227 02/01/2017<br />
31389N KN 4 FNMA PL#630401 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........178,839 ...........178,839 ............178,706 ............178,842 .................... ................(4) ...................... ...................(4) ................... .............178,839 .................. ....................... ....................0 ............5,798 03/01/2032<br />
31390D WD 2 FNMA PL#643344 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........226,855 ...........226,855 ............249,633 ............229,347 .................... .........(2,492) ...................... ............(2,492) ................... .............226,855 .................. ....................... ....................0 ............7,623 06/01/2017<br />
31362N NT 9 FNMA PL#66102 PSTHR..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........205,665 ...........205,665 ............229,272 ............207,118 .................... .........(1,453) ...................... ............(1,453) ................... .............205,665 .................. ....................... ....................0 ............8,265 08/01/2009<br />
31400D MC 3 FNMA PL#684455................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............13,976 .............13,976 ..............14,221 ..............13,965 .................... ...............11 ...................... ..................11 ................... ...............13,976 .................. ....................... ....................0 ...............595 10/01/2009<br />
31400S BV 0 FNMA PL#695852................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,245,465 ........1,245,465 .........1,272,955 .........1,245,093 .................... .............372 ...................... ................372 ................... ..........1,245,465 .................. ....................... ....................0 ..........32,582 05/01/2018<br />
31400S TR 0 FNMA PL#696360................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............52,206 .............52,206 ..............52,527 ..............52,194 .................... ...............12 ...................... ..................12 ................... ...............52,206 .................. ....................... ....................0 ............1,291 03/01/2033<br />
31402C 5F 5 FNMA PL#725446................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,317 ...............4,317 ................4,319 .......................... .................... ................(1) ...................... ...................(1) ................... .................4,317 .................. ....................... ....................0 .................33 03/01/2018<br />
31402D DB 3 FNMA PL#725598................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........348,820 ...........348,820 ............348,923 .......................... .................... ................(1) ...................... ...................(1) ................... .............348,820 .................. ....................... ....................0 ............7,564 07/01/2034<br />
31402E 2V 9 FNMA PL#727188 PSTHR................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........303,376 ...........303,376 ............297,082 ............303,392 .................... ..............(16) ...................... .................(16) ................... .............303,376 .................. ....................... ....................0 ............8,255 08/01/2033<br />
31402R RN 1 FNMA PL#735893................................................ ... 12/09/2008. BARCLAYS CAPITAL................ ........................... ...........397,597 ...........393,660 ............397,612 .......................... .................... .................... ...................... ....................0 ................... .............397,612 .................. .................(15) .................(15) ...............547 10/01/2035<br />
31402R UF 4 FNMA PL#735982 ARM....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,787 ...............8,787 ................8,778 ................8,785 .................... .................2 ...................... ....................2 ................... .................8,787 .................. ....................... ....................0 ...............207 11/01/2035<br />
31403C Y7 0 FNMA PL#745134................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........478,057 ...........478,057 ............477,956 .......................... .................... ...............16 ...................... ..................16 ................... .............478,057 .................. ....................... ....................0 ............8,926 10/01/2035<br />
31403C 6L 0 FNMA PL#745275................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,474,584 ........3,474,584 .........3,473,671 .......................... .................... .............178 ...................... ................178 ................... ..........3,474,584 .................. ....................... ....................0 ..........71,116 02/01/2036<br />
31403D BX 6 FNMA PL#745354................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........398,693 ...........398,693 ............398,598 .......................... .................... ...............52 ...................... ..................52 ................... .............398,693 .................. ....................... ....................0 ............6,583 03/01/2036<br />
31403D ED 7 FNMA PL#745432................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........478,888 ...........478,888 ............479,094 .......................... .................... ............(113) ...................... ...............(113) ................... .............478,888 .................. ....................... ....................0 ............7,882 04/01/2036<br />
31403E B9 7 FNMA PL#746264................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........728,754 ...........728,754 ............747,016 ............728,566 .................... .............187 ...................... ................187 ................... .............728,754 .................. ....................... ....................0 ..........21,360 10/01/2018<br />
31403G K2 7 FNMA PL#748313................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........309,208 ...........309,208 ............323,361 ............309,522 .................... ............(314) ...................... ...............(314) ................... .............309,208 .................. ....................... ....................0 ............8,875 12/01/2033<br />
31405K WS 6 FNMA PL#791857 ARM....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,617 ...............9,617 ................9,658 ................9,617 .................... .................... ...................... ....................0 ................... .................9,617 .................. ....................... ....................0 ...............293 08/01/2034<br />
31405R 2L 9 FNMA PL#797379................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,054,847 ........1,054,847 .........1,053,088 .........1,054,736 .................... .............111 ...................... ................111 ................... ..........1,054,847 .................. ....................... ....................0 ..........22,691 11/01/2019<br />
31406S TV 5 FNMA PL#818764................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,616,141 ........2,616,141 .........2,624,737 .........2,615,941 .................... .............200 ...................... ................200 ................... ..........2,616,141 .................. ....................... ....................0 ..........62,737 02/01/2035<br />
31360K DU 5 FNMA PL#8215 PSTHR....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........128,580 ...........128,580 ............143,821 ............129,220 .................... ............(640) ...................... ...............(640) ................... .............128,580 .................. ....................... ....................0 ............5,019 06/01/2009<br />
31360K EP 5 FNMA PL#8242.................................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............43,093 .............43,093 ..............42,494 ..............43,097 .................... ................(5) ...................... ...................(5) ................... ...............43,093 .................. ....................... ....................0 ............2,058 12/01/2009<br />
31408E RV 6 FNMA PL#849300................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,316,771 ........2,316,771 .........2,325,468 .........2,316,660 .................... .............112 ...................... ................112 ................... ..........2,316,771 .................. ....................... ....................0 ..........61,921 02/01/2036<br />
31409J VZ 0 FNMA PL#872832................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................930 ..................930 ...................937 .......................... .................... ................(1) ...................... ...................(1) ................... ....................930 .................. ....................... ....................0 .................28 06/01/2036<br />
31409T RH 3 FNMA PL#878088................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........774,592 ...........774,592 ............774,869 .......................... .................... ............(141) ...................... ...............(141) ................... .............774,592 .................. ....................... ....................0 ..........13,688 04/01/2036<br />
31410G AF 0 FNMA PL#888406................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,053,380 ........1,053,380 .........1,053,405 .......................... .................... ................(6) ...................... ...................(6) ................... ..........1,053,380 .................. ....................... ....................0 ..........20,854 08/01/2036<br />
31410G EK 5 FNMA PL#888538................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........534,413 ...........534,413 ............534,455 .......................... .................... ................(6) ...................... ...................(6) ................... .............534,413 .................. ....................... ....................0 ..........10,297 01/01/2037<br />
31410G GB 3 FNMA PL#888594................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,556 ...............5,556 ................5,565 .......................... .................... ................(4) ...................... ...................(4) ................... .................5,556 .................. ....................... ....................0 .................85 08/01/2022<br />
31410G JX 2 FNMA PL#888678................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,159,123 ........1,159,123 .........1,158,668 .......................... .................... .............131 ...................... ................131 ................... ..........1,159,123 .................. ....................... ....................0 ..........23,362 12/01/2036<br />
31410G KD 4 FNMA PL#888692................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,014 ...............1,014 ................1,013 .......................... .................... .................... ...................... ....................0 ................... .................1,014 .................. ....................... ....................0 .................20 09/01/2036<br />
31410G KH 5 FNMA PL#888696................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,341 ...............2,341 ................2,352 .......................... .................... ................(2) ...................... ...................(2) ................... .................2,341 .................. ....................... ....................0 .................58 07/01/2037<br />
31410G LR 2 FNMA PL#888736................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,393,851 ........1,393,851 .........1,394,401 .........1,393,975 .................... ............(124) ...................... ...............(124) ................... ..........1,393,851 .................. ....................... ....................0 ..........38,961 10/01/2037<br />
31410G N4 1 FNMA PL#888811................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,328 ...............2,328 ................2,341 .......................... .................... ................(4) ...................... ...................(4) ................... .................2,328 .................. ....................... ....................0 .................62 03/01/2037<br />
31410K JR 6 FNMA PL#889572................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........149,417 ...........149,417 ............149,400 .......................... .................... ...............23 ...................... ..................23 ................... .............149,417 .................. ....................... ....................0 ............1,735 06/01/2038<br />
31410K Q2 3 FNMA PL#889773................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................971 ..................971 ...................971 .......................... .................... .................... ...................... ....................0 ................... ....................971 .................. ....................... ....................0 ...................6 08/01/2038<br />
31410P QT 3 FNMA PL#893366................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,313,901 ........1,313,901 .........1,314,010 .......................... .................... ..............(24) ...................... .................(24) ................... ..........1,313,901 .................. ....................... ....................0 ..........26,414 04/01/2035<br />
31410Q H2 0 FNMA PL#894049................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,182 ...............2,182 ................2,198 .......................... .................... ................(4) ...................... ...................(4) ................... .................2,182 .................. ....................... ....................0 .................69 10/01/2036<br />
31410U HR 6 FNMA PL#897640................................................ ... 06/09/2008. VARIOUS................................... ........................... ...........458,774 ...........464,718 ............448,578 ............449,415 .................... ..........2,027 ...................... .............2,027 ................... .............450,767 .................. .............8,007 .............8,007 ..........13,292 05/01/2037<br />
31410W ZR 2 FNMA PL#89952.................................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................152 ..................152 ...................152 .......................... .................... .................... ...................... ....................0 ................... ....................152 .................. ....................... ....................0 ...................1 12/01/2037<br />
31410W M7 0 FNMA PL#899582................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........5,374,653 ........5,374,653 .........5,355,607 .........5,374,121 .................... .............532 ...................... ................532 ................... ..........5,374,653 .................. ....................... ....................0 ........158,681 07/01/2037<br />
31410W QR 2 FNMA PL#899664................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........384,287 ...........384,287 ............384,256 .......................... .................... ...............47 ...................... ..................47 ................... .............384,287 .................. ....................... ....................0 ............4,656 08/01/2037<br />
31411E UE 5 FNMA PL#906081................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,491,995 ........4,491,995 .........4,484,821 .........4,491,360 .................... .............636 ...................... ................636 ................... ..........4,491,995 .................. ....................... ....................0 ........121,956 01/01/2037<br />
31411H VH 0 FNMA PL#908816................................................ ... 06/09/2008. VARIOUS................................... ........................... .............56,866 .............57,562 ..............55,430 ..............55,635 .................... .............290 ...................... ................290 ................... ...............55,742 .................. .............1,124 .............1,124 ............1,544 04/01/2037<br />
31411N VK 0 FNMA PL#912418................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,579,062 ........2,579,062 .........2,570,948 .........2,577,971 .................... ..........1,091 ...................... .............1,091 ................... ..........2,579,062 .................. ....................... ....................0 ..........57,779 02/01/2037<br />
31411N XT 9 FNMA PL#912490................................................ ... 06/09/2008. VARIOUS................................... ........................... ........1,097,729 ........1,111,589 .........1,073,012 .........1,075,806 .................... ..........5,224 ...................... .............5,224 ................... ..........1,078,633 .................. ...........19,096 ...........19,096 ..........31,505 03/01/2037<br />
31412A GT 5 FNMA PL#919210................................................ ... 06/09/2008. VARIOUS................................... ........................... ...........299,229 ...........303,276 ............292,865 ............293,034 .................... ..........1,226 ...................... .............1,226 ................... .............294,197 .................. .............5,032 .............5,032 ............8,823 06/01/2037<br />
31412E JD 9 FNMA PL#922860................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........189,220 ...........189,220 ............189,229 .......................... .................... ..............(55) ...................... .................(55) ................... .............189,220 .................. ....................... ....................0 ...............969 11/01/2036<br />
31412M JY 5 FNMA PL#929179................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................177 ..................177 ...................177 .......................... .................... .................... ...................... ....................0 ................... ....................177 .................. ....................... ....................0 ...................1 01/01/2036<br />
31412W XR 2 FNMA PL#937288................................................ ... 06/09/2008. VARIOUS................................... ........................... ...........282,317 ...........285,964 ............276,074 ............276,614 .................... ..........1,242 ...................... .............1,242 ................... .............277,417 .................. .............4,900 .............4,900 ............8,204 04/01/2037<br />
31412X V2 7 FNMA PL#938133 PSTHRU................................ ... 12/17/2008. VARIOUS................................... ........................... .............88,105 .............85,646 ..............83,037 ..............83,326 .................... .............412 ...................... ................412 ................... ...............83,556 .................. .............4,549 .............4,549 ............4,739 07/01/2037<br />
31413E DZ 5 FNMA PL#943020................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,764,667 ........1,764,667 .........1,758,507 .........1,764,694 .................... ..............(27) ...................... .................(27) ................... ..........1,764,667 .................. ....................... ....................0 ..........77,165 08/01/2037<br />
31413F JR 4 FNMA PL#944072................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,477 ...............2,477 ................2,492 .......................... .................... ................(4) ...................... ...................(4) ................... .................2,477 .................. ....................... ....................0 .................75 07/01/2037<br />
31413F N7 3 FNMA PL#944214................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,764,938 ........2,764,938 .........2,755,068 .........2,764,669 .................... .............269 ...................... ................269 ................... ..........2,764,938 .................. ....................... ....................0 ..........82,181 07/01/2037
E14.12<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31413F 4A 7 FNMA PL#944617................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........7,870,742 ........7,870,742 .........7,850,364 .........7,869,001 .................... ..........1,740 ...................... .............1,740 ................... ..........7,870,742 .................. ....................... ....................0 ........239,505 07/01/2037<br />
31413F 4C 3 FNMA PL#944619................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ......10,121,409 ......10,121,409 .......10,086,285 .......10,119,667 .................... ..........1,742 ...................... .............1,742 ................... ........10,121,409 .................. ....................... ....................0 ........285,462 07/01/2037<br />
31413H AR 9 FNMA PL#945616................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,771 ...............1,771 ................1,784 .......................... .................... ................(3) ...................... ...................(3) ................... .................1,771 .................. ....................... ....................0 .................62 08/01/2037<br />
31413K AG 6 FNMA PL#947407................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,426 ...............3,426 ................3,428 .......................... .................... .................... ...................... ....................0 ................... .................3,426 .................. ....................... ....................0 .................45 10/01/2022<br />
31413K HV 6 FNMA PL#947644................................................ ... 12/23/2008. VARIOUS................................... ........................... ......26,938,923 ......26,304,997 .......26,572,819 .......26,571,684 .................... .......(60,952) ...................... ..........(60,952) ................... ........26,510,732 .................. .........428,191 .........428,191 .....1,558,648 10/01/2037<br />
31414A QZ 8 FNMA PL#960472................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,360 ...............2,360 ................2,362 .......................... .................... .................... ...................... ....................0 ................... .................2,360 .................. ....................... ....................0 .................38 01/01/2023<br />
31414B R5 1 FNMA PL#961408................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................60 ....................60 .....................60 .......................... .................... .................... ...................... ....................0 ................... ......................60 .................. ....................... ....................0 ...................... 02/01/2038<br />
31414C 3P 1 FNMA PL#962606................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,898 ...............1,898 ................1,895 .......................... .................... .................1 ...................... ....................1 ................... .................1,898 .................. ....................... ....................0 .................22 04/01/2038<br />
31414D TH 9 FNMA PL#963252................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........465,288 ...........465,288 ............465,344 .......................... .................... ............(120) ...................... ...............(120) ................... .............465,288 .................. ....................... ....................0 ............8,371 05/01/2038<br />
31414E U8 5 FNMA PL#964207................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........214,645 ...........214,645 ............214,672 .......................... .................... ..............(65) ...................... .................(65) ................... .............214,645 .................. ....................... ....................0 ............3,222 07/01/2038<br />
31414F XM 8 FNMA PL#965184 ARM....................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ....................46 ....................46 .....................46 .......................... .................... .................... ...................... ....................0 ................... ......................46 .................. ....................... ....................0 ...................... 09/01/2038<br />
31414S J5 3 FNMA PL#974684................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,032,673 ........1,032,673 .........1,032,787 .......................... .................... ............(147) ...................... ...............(147) ................... ..........1,032,673 .................. ....................... ....................0 ..........17,779 04/01/2038<br />
31414T KL 4 FNMA PL#975599................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............96,558 .............96,558 ..............96,545 .......................... .................... .................... ...................... ....................0 ................... ...............96,558 .................. ....................... ....................0 ............1,102 07/01/2038<br />
31414U JQ 2 FNMA PL#976471................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................119 ..................119 ...................119 .......................... .................... .................... ...................... ....................0 ................... ....................119 .................. ....................... ....................0 ...................1 04/01/2038<br />
31415A 4B 4 FNMA PL#981518................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,497 ...............3,497 ................3,493 .......................... .................... .................2 ...................... ....................2 ................... .................3,497 .................. ....................... ....................0 .................36 05/01/2038<br />
31415M DK 8 FNMA PL#984006................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............28,272 .............28,272 ..............28,264 .......................... .................... .................9 ...................... ....................9 ................... ...............28,272 .................. ....................... ....................0 ...............261 05/01/2038<br />
31415M QU 2 FNMA PL#984367................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........127,806 ...........127,806 ............127,641 .......................... .................... .............144 ...................... ................144 ................... .............127,806 .................. ....................... ....................0 ............1,953 05/01/2038<br />
31415R CW 2 FNMA PL#986685................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................926 ..................926 ...................924 .......................... .................... .................... ...................... ....................0 ................... ....................926 .................. ....................... ....................0 .................12 06/01/2038<br />
31415S ST 0 FNMA PL#988030................................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,086,857 ........1,086,857 .........1,086,753 .......................... .................... .............232 ...................... ................232 ................... ..........1,086,857 .................. ....................... ....................0 ..........15,161 08/01/2038<br />
31374T HL 6 FNMA POOL # 323435 PSTHR........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........254,176 ...........254,176 ............266,306 ............253,732 .................... .............444 ...................... ................444 ................... .............254,176 .................. ....................... ....................0 ..........10,811 11/01/2028<br />
31380S LN 1 FNMA POOL #448633 PSTHR............................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............83,992 .............83,992 ..............86,281 ..............84,111 .................... ............(119) ...................... ...............(119) ................... ...............83,992 .................. ....................... ....................0 ............3,104 11/01/2028<br />
31358M DL 5 FNMA REMIC (PAC 11) 92-34G CMO................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,311 .............19,311 ..............20,856 ..............19,248 .................... ...............64 ...................... ..................64 ................... ...............19,311 .................. ....................... ....................0 ...............849 03/25/2022<br />
31358H GD 1 FNMA REMIC G-19 CL-JQ 20 PAC..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........263,289 ...........263,289 ............266,258 ............263,143 .................... .............146 ...................... ................146 ................... .............263,289 .................. ....................... ....................0 ..........11,798 07/25/2021<br />
31358J KC 4 FNMA REMIC G-27 CL-JQ.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........246,004 ...........246,004 ............243,177 ............246,075 .................... ..............(70) ...................... .................(70) ................... .............246,004 .................. ....................... ....................0 ..........10,210 09/25/2021<br />
313602 A8 7 FNMA REMIC G1 CL-E 20 PAC.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........329,506 ...........329,506 ............305,566 ............330,534 .................... .........(1,028) ...................... ............(1,028) ................... .............329,506 .................. ....................... ....................0 ..........15,825 08/25/2019<br />
31358P CB 1 FNMA REMIC G92-40 C1 ZC CMO..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........355,446 ...........355,446 ............323,895 ............357,238 .................... .........(1,792) ...................... ............(1,792) ................... .............355,446 .................. ....................... ....................0 ..........12,825 07/25/2022<br />
31359D SU 8 FNMA REMIC SER 1993-173 CLASS................. ... 09/25/2008. VARIOUS................................... ........................... ...........234,817 ...........234,817 ............226,087 ............234,817 .................... .................... ...................... ....................0 ................... .............234,817 .................. ....................... ....................0 ............9,461 09/25/2008<br />
31358T EX 3 FNMA REMIC SER 93-8 CL H PAC C................. ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,250 ...............2,250 ................2,248 ................2,250 .................... .................... ...................... ....................0 ................... .................2,250 .................. ....................... ....................0 .................13 01/25/2008<br />
31359Q CN 2 FNMA REMIC SER 97-55 CL-B TAC(................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............91,392 .............91,392 ..............91,320 ..............91,364 .................... ...............29 ...................... ..................29 ................... ...............91,392 .................. ....................... ....................0 ............3,158 02/18/2027<br />
31358H JE 6 FNMA REMIC SER91-75 CL ZB CMO................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............39,713 .............39,713 ..............46,138 ..............39,557 .................... .............156 ...................... ................156 ................... ...............39,713 .................. ....................... ....................0 ............1,522 07/25/2021<br />
31359T UU 0 FNMA REMIC TR SER 1998-30 CL Z.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........102,152 ...........102,152 ..............96,268 ............102,138 .................... ...............14 ...................... ..................14 ................... .............102,152 .................. ....................... ....................0 ............3,429 05/20/2028<br />
313602 YY 4 FNMA REMIC 89-45 CL-E 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............80,380 .............80,380 ..............68,457 ..............81,077 .................... ............(696) ...................... ...............(696) ................... ...............80,380 .................. ....................... ....................0 ............2,622 07/25/2019<br />
313602 D4 3 FNMA REMIC 89-48 CL-H 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........353,309 ...........353,309 ............303,494 ............354,359 .................... .........(1,050) ...................... ............(1,050) ................... .............353,309 .................. ....................... ....................0 ..........13,598 08/25/2019<br />
313602 KQ 6 FNMA REMIC 89-5 CL-D 20 YEAR P.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........110,897 ...........110,897 ..............95,717 ............111,593 .................... ............(697) ...................... ...............(697) ................... .............110,897 .................. ....................... ....................0 ............4,833 02/25/2019<br />
313602 F2 5 FNMA REMIC 89-51 CL-G 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........293,991 ...........293,991 ............260,389 ............293,959 .................... ...............32 ...................... ..................32 ................... .............293,991 .................. ....................... ....................0 ..........12,162 08/25/2019<br />
313602 R8 9 FNMA REMIC 89-59 CL K 20 PAC C................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........273,146 ...........273,146 ............240,843 ............274,675 .................... .........(1,529) ...................... ............(1,529) ................... .............273,146 .................. ....................... ....................0 ..........12,292 09/25/2019<br />
313602 U7 7 FNMA REMIC 89-60 CL-G 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............88,427 .............88,427 ..............64,256 ..............89,063 .................... ............(636) ...................... ...............(636) ................... ...............88,427 .................. ....................... ....................0 ............3,586 09/25/2019<br />
313602 4D 3 FNMA REMIC 89-68 CL-H 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............54,299 .............54,299 ..............47,154 ..............54,808 .................... ............(509) ...................... ...............(509) ................... ...............54,299 .................. ....................... ....................0 ............2,373 10/25/2019<br />
313603 FR 8 FNMA REMIC 89-83 CL-H 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............43,074 .............43,074 ..............34,377 ..............43,168 .................... ..............(95) ...................... .................(95) ................... ...............43,074 .................. ....................... ....................0 ............2,095 11/25/2019<br />
313603 EB 4 FNMA REMIC 89-84 CL-H 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............44,359 .............44,359 ..............25,906 ..............44,564 .................... ............(204) ...................... ...............(204) ................... ...............44,359 .................. ....................... ....................0 ............2,103 11/25/2019<br />
313603 FW 7 FNMA REMIC 89-88 CL-G 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............49,103 .............49,103 ..............47,532 ..............49,166 .................... ..............(63) ...................... .................(63) ................... ...............49,103 .................. ....................... ....................0 ............2,448 11/25/2019<br />
31358E 7X 4 FNMA REMIC 90-106 CL-J 20 PAC..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........122,021 ...........122,021 ............100,064 ............123,150 .................... .........(1,129) ...................... ............(1,129) ................... .............122,021 .................. ....................... ....................0 ............5,637 09/25/2020<br />
31358F BC 2 FNMA REMIC 90-108 CL-G 20 PAC.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........156,076 ...........156,076 ............110,484 ............156,530 .................... ............(454) ...................... ...............(454) ................... .............156,076 .................. ....................... ....................0 ............5,204 09/25/2020<br />
313603 QB 1 FNMA REMIC 90-3 CL-E 20 PAC........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........219,606 ...........219,606 ............203,065 ............220,186 .................... ............(581) ...................... ...............(581) ................... .............219,606 .................. ....................... ....................0 ............9,754 01/25/2020<br />
313603 TM 4 FNMA REMIC 90-9 CL-E 20 PAC........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............53,609 .............53,609 ..............46,053 ..............53,762 .................... ............(153) ...................... ...............(153) ................... ...............53,609 .................. ....................... ....................0 ............2,715 01/25/2020<br />
31358E B2 7 FNMA REMIC 90-90 CL-H 20 PAC...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........114,960 ...........114,960 ............101,530 ............115,205 .................... ............(245) ...................... ...............(245) ................... .............114,960 .................. ....................... ....................0 ............5,078 08/25/2020<br />
31358J ZT 1 FNMA REMIC 91-137 CL H.................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............86,172 .............86,172 ..............83,768 ..............86,166 .................... .................6 ...................... ....................6 ................... ...............86,172 .................. ....................... ....................0 ............1,992 10/25/2021<br />
31358G DA 2 FNMA REMIC 91-27 CL-Z Z- BOND.................... ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... .............67,490 .............67,490 ..............56,633 ..............67,217 .................... .............273 ...................... ................273 ................... ...............67,490 .................. ....................... ....................0 ............1,351 04/25/2021<br />
31358G MA 2 FNMA REMIC 91-40 CL-J 20 YR PA................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............36,978 .............36,978 ..............30,004 ..............37,424 .................... ............(447) ...................... ...............(447) ................... ...............36,978 .................. ....................... ....................0 ............1,465 05/25/2021<br />
31358Q HC 2 FNMA REMIC 92-159 CL-PL (FN 7..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........284,461 ...........284,461 ............257,975 ............285,626 .................... .........(1,165) ...................... ............(1,165) ................... .............284,461 .................. ....................... ....................0 ..........10,606 09/25/2022<br />
31358R BM 4 FNMA REMIC 92-195 C TAC CMO..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............75,417 .............75,417 ..............70,213 ..............75,723 .................... ............(306) ...................... ...............(306) ................... ...............75,417 .................. ....................... ....................0 ............2,627 10/25/2022<br />
31359D BH 5 FNMA REMIC 93-147 CL ZA PAC CM................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........411,776 ...........411,776 ............362,318 ............414,270 .................... .........(2,494) ...................... ............(2,494) ................... .............411,776 .................. ....................... ....................0 ..........14,191 08/25/2023<br />
31359S ZX 1 FNMA SER 2001-17 CL-PJ CMO........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,991,808 ........1,991,808 .........1,950,756 .........1,991,788 .................... ...............20 ...................... ..................20 ................... ..........1,991,808 .................. ....................... ....................0 ..........64,254 05/25/2031<br />
31392E LU 2 FNMA SER 2002-58 CL PE CMO........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,150,586 ........2,150,586 .........2,170,826 .........2,150,251 .................... .............335 ...................... ................335 ................... ..........2,150,586 .................. ....................... ....................0 ..........63,139 05/25/2031
E14.13<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
31392B Z6 6 FNMA SER 2002-7 CL BC CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........425,308 ...........425,308 ............423,836 ............425,320 .................... ..............(11) ...................... .................(11) ................... .............425,308 .................. ....................... ....................0 ..........12,446 03/25/2032<br />
31396P RK 9 FNMA SER 2007-6 CL PA CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,070,767 ........1,070,767 .........1,067,734 .........1,070,746 .................... ...............22 ...................... ..................22 ................... ..........1,070,767 .................. ....................... ....................0 ..........34,281 02/25/2037<br />
31358G 5J 2 FNMA SER 91-65 CL Z PAC CMO...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........211,933 ...........211,933 ............185,277 ............213,414 .................... .........(1,481) ...................... ............(1,481) ................... .............211,933 .................. ....................... ....................0 ............6,857 06/25/2021<br />
31358U EP 7 FNMA SER 93-32 CL H PAC (11) C.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........108,321 ...........108,321 ..............99,714 ............108,868 .................... ............(547) ...................... ...............(547) ................... .............108,321 .................. ....................... ....................0 ............3,354 03/25/2023<br />
31364H FQ 5 FNMA TR 56 CL-A DISC STRIP.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............16,657 .............16,657 ..............11,297 ..............16,657 .................... .................... ...................... ....................0 ................... ...............16,657 .................. ....................... ....................0 ...............514 04/01/2019<br />
31364H BE 6 FNMA TRUST 3 P O STRIP................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,253 ...............3,253 ................1,126 ................3,525 .................... ............(272) ...................... ...............(272) ................... .................3,253 .................. ....................... ....................0 ...................... 02/01/2017<br />
31394V JM 3 FNMA 05-114 QD CMO........................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,828,213 ........2,828,213 .........2,836,685 .........2,828,131 .................... ...............82 ...................... ..................82 ................... ..........2,828,213 .................. ....................... ....................0 ..........84,296 02/25/2035<br />
31394C UR 1 FNMA 05-15 VA CMO.......................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........260,905 ...........260,905 ............262,112 ............260,905 .................... .................... ...................... ....................0 ................... .............260,905 .................. ....................... ....................0 ............7,838 04/25/2023<br />
31394C BC 5 FNMA 05-3 VA CMO............................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........520,361 ...........520,361 ............525,013 ............520,360 .................... .................1 ...................... ....................1 ................... .............520,361 .................. ....................... ....................0 ..........15,632 08/25/2023<br />
01F050 41 1 FNMA 15YR 5% TBA........................................... ... 01/14/2008. LEHMAN BROTHERS............... ........................... .............50,613 .............50,000 ..............49,656 ..............49,656 .................... .................... ...................... ....................0 ................... ...............49,656 .................. ................957 ................957 ...............111 01/15/2033<br />
01F060 41 0 FNMA 15YR 6.0% TBA........................................ ... 01/14/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
.............51,568 .............50,000 ..............50,969 ..............50,969 .................... .................... ...................... ....................0 ................... ...............50,969 .................. ................599 ................599 ...............133 01/15/2018<br />
31358T NT 2 FNMA 1993-18 CL PK CMO................................ ... 02/25/2008. VARIOUS................................... ........................... ..................932 ..................932 ...................926 ...................932 .................... .................... ...................... ....................0 ................... ....................932 .................. ....................... ....................0 ...................6 02/25/2008<br />
31359P AR 7 FNMA 1997-24 ZA CMO...................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........319,649 ...........319,649 ............336,920 ............319,546 .................... .............103 ...................... ................103 ................... .............319,649 .................. ....................... ....................0 ..........20,528 04/18/2027<br />
31359S PN 4 FNMA 2001-15 CL Z CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,288,097 ........3,288,097 .........3,364,926 .........3,287,599 .................... .............498 ...................... ................498 ................... ..........3,288,097 .................. ....................... ....................0 ..........97,539 04/25/2031<br />
31359S B5 8 FNMA 2001-17 CL ZM CMO................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........112,584 ...........112,584 ............115,997 ............112,456 .................... .............128 ...................... ................128 ................... .............112,584 .................. ....................... ....................0 ............3,820 05/25/2031<br />
31359S FZ 8 FNMA 2001-4 CL ZA CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........983,660 ...........983,660 .........1,004,898 ............983,422 .................... .............238 ...................... ................238 ................... .............983,660 .................. ....................... ....................0 ..........43,003 03/25/2031<br />
31392F BQ 9 FNMA 2002-70 CL QG CMO................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........540,757 ...........540,757 ............540,980 ............540,755 .................... .................2 ...................... ....................2 ................... .............540,757 .................. ....................... ....................0 ..........25,027 06/25/2031<br />
31392J AP 4 FNMA 2003-W2 CL 2A8 CMO............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,796,100 ........1,796,100 .........1,845,805 .........1,739,353 .................... ........56,748 ...................... ...........56,748 ................... ..........1,796,100 .................. ....................... ....................0 ..........51,741 07/25/2042<br />
31393U LQ 4 FNMA 2003-122 CL BA CMO.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,371,941 ........1,371,941 .........1,352,148 .........1,373,205 .................... .........(1,264) ...................... ............(1,264) ................... ..........1,371,941 .................. ....................... ....................0 ..........32,083 02/25/2028<br />
31392J PE 3 FNMA 2003-16 CL PC CMO................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........7,976,285 ........7,976,285 .........8,154,981 .........7,974,412 .................... ..........1,873 ...................... .............1,873 ................... ..........7,976,285 .................. ....................... ....................0 ........209,374 10/25/2015<br />
31393E RP 6 FNMA 2003-83 CL PB CMO................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,340,233 ........1,340,233 .........1,343,230 .........1,340,202 .................... ...............31 ...................... ..................31 ................... ..........1,340,233 .................. ....................... ....................0 ..........23,709 09/25/2016<br />
31394U P7 1 FNMA 2005-110 MB CMO................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,359,211 ........1,359,211 .........1,370,290 .........1,359,138 .................... ...............73 ...................... ..................73 ................... ..........1,359,211 .................. ....................... ....................0 ..........38,809 09/25/2035<br />
31394D EL 0 FNMA 2005-29 CL AK CMO................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........673,837 ...........673,837 ............664,557 ............673,809 .................... ...............27 ...................... ..................27 ................... .............673,837 .................. ....................... ....................0 ..........16,392 04/25/2035<br />
01F060 6C 4 FNMA 30YR 6.0% TBA........................................ ... 11/02/2007. VARIOUS................................... ........................... ...........126,172 ...........125,000 ............126,172 ............126,172 .................... .................... ...................... ....................0 ................... .............126,172 .................. ....................... ....................0 ...............229 12/15/2032<br />
575765 XJ 6 MASS MUN WHSL ELC NUCLEAR PRJ3.......... ... 07/01/2008. MATURED.................................. ........................... ......11,100,000 ......11,100,000 .......11,100,000 .......11,100,000 .................... .................... ...................... ....................0 ................... ........11,100,000 .................. ....................... ....................0 ........577,200 07/01/2008<br />
57643M DG 6 MASTR ASSET SEC TR 2004-6 CL 6................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........817,602 ...........817,602 ............804,908 ............816,745 .................... .............857 ...................... ................857 ................... .............817,602 .................. ....................... ....................0 ..........19,164 07/25/2019<br />
627270 HK 0 MUSCATINE IOWA ELEC REV TXBL R............. ... 01/01/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ....................... ....................0 ..........39,600 01/01/2008<br />
64971K AF 3 NEW YORK NY CITY TRANSTL FIN A............... ... 02/01/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............997,560 ............999,957 .................... ...............43 ...................... ..................43 ................... ..........1,000,000 .................. ....................... ....................0 ..........20,000 02/01/2008<br />
745190 GL 6 PUERTO RICO COMWLTH HWY & TRAN......... ... 01/01/2008. EXCHANGED............................. ........................... ...........402,583 ...........410,000 ............401,829 ............402,583 .................... .................... ...................... ....................0 ................... .............402,584 .................. ...................(1) ...................(1) ..........10,250 07/01/2032<br />
914650 AA 4 UNIV & COMM COLLEGE SYS NEVADA........... ... 05/15/2008. UNASSIGNED REPAYMENT.... ........................... ...........265,000 ...........265,000 ............265,000 ............265,000 .................... .................... ...................... ....................0 ................... .............265,000 .................. ....................... ....................0 ..........10,044 05/15/2023<br />
911760 LQ 7 VENDE MTG TRUST VENDE 1998-2 1.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........732,767 ...........732,767 ............732,332 ............732,726 .................... ...............41 ...................... ..................41 ................... .............732,767 .................. ....................... ....................0 ..........25,854 06/15/2028<br />
911760 FE 1 VENDE MTG TRUST VENDE 94-3B 2F.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........911,588 ...........911,588 ............899,680 ............909,958 .................... ..........1,630 ...................... .............1,630 ................... .............911,588 .................. ....................... ....................0 ..........33,391 09/15/2024<br />
911760 FH 4 VENDE MTG TRUST VENDE 95-1 2 P............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............48,944 .............48,944 ..............49,966 ..............48,968 .................... ..............(25) ...................... .................(25) ................... ...............48,944 .................. ....................... ....................0 ............1,793 02/15/2025<br />
911760 FY 7 VENDE MTG TRUST VENDE 95-1 4 P............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........145,131 ...........145,131 ............153,209 ............145,002 .................... .............129 ...................... ................129 ................... .............145,131 .................. ....................... ....................0 ............5,343 02/15/2025<br />
911760 LY 0 VENDE MTG TRUST VENDE 98-3 E S.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........816,203 ...........816,203 ............811,141 ............815,795 .................... .............407 ...................... ................407 ................... .............816,203 .................. ....................... ....................0 ..........26,076 03/15/2029<br />
911760 ME 3 VENDE MTG TRUST VENDE 99-1 2D................ ... 02/01/2008. SCHEDULED REPAYMENT...... ........................... ...........112,166 ...........112,166 ............107,303 ............110,669 .................... ..........1,497 ...................... .............1,497 ................... .............112,166 .................. ....................... ....................0 ...............866 12/15/2026<br />
939758 AY 4 WA ST EC DV FIN AUTH EC DV RV.................. ... 10/01/2008. MATURED.................................. ........................... ........5,140,000 ........5,140,000 .........5,130,100 .........5,138,452 .................... ..........1,548 ...................... .............1,548 ................... ..........5,140,000 .................. ....................... ....................0 ........149,060 10/01/2008<br />
3199999. Total - Bonds - Special Revenue and Special Assessments..................................................................................................... ....398,871,210 ....398,270,484 .....404,636,898 .....371,138,091 .................0 .....(387,663) ..................0 ........(387,663) ................0 ......398,384,357 ...............0 .........486,853 .........486,853 ...13,981,932 .....XXX.....<br />
Bonds - Public Utilities<br />
00130H BA 2 AES CORP 2ND PRIORITY SR SECD................ ... 06/19/2008. TENDERED................................ ........................... .............92,820 .............91,000 ..............91,000 .......................... .................... .................... ...................... ....................0 ................... ...............91,000 .................. .............1,820 .............1,820 ............4,733 05/15/2013<br />
00104B AC 4 AES EASTERN ENERGY LP PSTHR CT........... ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........203,244 ...........203,244 ............203,244 ............203,244 .................... .................... ...................... ....................0 ................... .............203,244 .................. ....................... ....................0 ..........14,970 01/02/2017<br />
01877K AB 9 ALLIANCE PIPELINE LP 144A NTS.................... ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........2,142,448 ........2,142,448 .........2,107,502 .........2,138,244 .................... ..........4,204 ...................... .............4,204 ................... ..........2,142,448 .................. ....................... ....................0 ........163,914 12/31/2019<br />
020039 AD 5 ALLTEL CORP DEBS.......................................... ... 07/24/2008. FIRST BOSTON CORP............. ........................... ........2,000,000 ........2,000,000 .........1,493,922 .........1,599,999 .................... ........29,334 ...................... ...........29,334 ................... ..........1,629,333 .................. .........370,667 .........370,667 ..........96,778 11/01/2013<br />
020039 AE 3 ALLTEL CORP DEBS.......................................... ... 07/17/2008. JP MORGAN.............................. ........................... ........4,567,500 ........4,500,000 .........4,695,255 .........4,651,166 .................... .........(8,183) ...................... ............(8,183) ................... ..........4,641,983 .................. ..........(74,483) ..........(74,483) ........268,625 03/15/2016<br />
02078@ AA 9 ALPHAGEN POWER LLC SR SEC NTS............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........459,010 ...........459,010 ............459,010 ............459,010 .................... .................... ...................... ....................0 ................... .............459,010 .................. ....................... ....................0 ..........26,641 07/01/2024<br />
025537 AD 3 AMERICAN ELECTRIC POWER CO SR............ ... 08/14/2008. MERRILL LYNCH....................... ........................... ......10,093,800 ......10,000,000 .........9,967,180 .........9,988,320 .................... ..........3,224 ...................... .............3,224 ................... ..........9,991,544 .................. .........102,256 .........102,256 ........498,681 03/15/2010<br />
03040# AA 0 AMERICAN WATER CAP CORP SR NT............. ... 03/29/2008. SCHEDULED REPAYMENT...... ........................... ........3,000,000 ........3,000,000 .........3,002,936 .........3,000,167 .................... ............(167) ...................... ...............(167) ................... ..........3,000,000 .................. ....................... ....................0 ........103,050 03/29/2011<br />
037735 CH 8 APPALACHIAN POWER CO SR UNSECD......... ... 09/02/2008. MERRILL LYNCH....................... ........................... ........5,022,550 ........5,000,000 .........4,940,042 .........4,947,424 .................... ..........3,624 ...................... .............3,624 ................... ..........4,951,048 .................. ...........71,502 ...........71,502 ........296,625 08/25/2012<br />
040850 AA 7 ARKANSAS ELECTRIC COOP CORP SE.......... ... 06/30/2008. MATURED.................................. ........................... ...........831,712 ...........831,712 ............811,002 ............809,270 .................... ........22,442 ...................... ...........22,442 ................... .............831,712 .................. ....................... ....................0 ..........60,964 06/30/2008<br />
04626R AA 4 ASTORIA DEP CORP SER A PASS-TH............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,870,709 ........1,870,709 .........1,866,701 .........1,870,703 .................... .................6 ...................... ....................6 ................... ..........1,870,709 .................. ....................... ....................0 ..........57,431 05/01/2016<br />
05257H AB 7 AUSTRALIAN GAS LIGHT CO NTS 14............... F. 04/15/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,964,900 .........9,998,636 .................... ..........1,364 ...................... .............1,364 ................... ........10,000,000 .................. ....................... ....................0 ........320,000 04/15/2008<br />
05379B AC 1 AVISTA CORP SR NTS....................................... ... 06/01/2008. MATURED.................................. ........................... ......20,300,000 ......20,300,000 .......21,404,238 .......20,396,864 .................... .......(96,864) ...................... ..........(96,864) ................... ........20,300,000 .................. ....................... ....................0 ........989,625 06/01/2008<br />
06020* AA 1 BANGOR-PACIFIC HYDRO ASSOC 1ST........... ... 12/01/2008. VARIOUS................................... ........................... ...........173,529 ...........173,529 ............220,563 ............176,245 .................... .........(2,716) ...................... ............(2,716) ................... .............173,529 .................. ....................... ....................0 ..........11,313 12/01/2008<br />
075386 AC 6 BEAVER VALLEY II FUNDING CORP................ ... 06/05/2008. VARIOUS................................... ........................... ...........528,000 ...........528,000 ............536,955 ............532,307 .................... ............(413) ...................... ...............(413) ................... .............531,894 .................. ............(3,894) ............(3,894) ..........23,760 06/01/2017<br />
099738 AA 4 BORGER ENERGY ASSOCIATES LP FM.......... ... 08/14/2008. VARIOUS................................... ........................... ......17,649,110 ......18,636,428 .......16,897,091 .......16,957,118 .................... ........44,983 ...................... ...........44,983 ................... ........16,939,650 .................. .........709,460 .........709,460 .....1,518,835 12/31/2022
E14.14<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
000000 00 0 BOSTON GENERATING LLC TRNCH B............. ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............23,471 .............23,471 ..............23,469 ..............23,469 .................... .................1 ...................... ....................1 ................... ...............23,471 .................. ....................... ....................0 ............1,009 12/20/2013<br />
000000 00 0 BROADWAY GEN FUNDING LLC (LS P............. ... 01/16/2008. CALLED AT 100......................... ........................... ........1,968,854 ........1,968,854 .........1,968,854 .........1,968,854 .................... .................... ...................... ....................0 ................... ..........1,968,854 .................. ....................... ....................0 ..........43,192 05/01/2014<br />
000000 00 0 BROADWAY GEN FUNDING LLC (LS P............. ... 06/19/2008. VARIOUS................................... ........................... ........2,000,000 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ....................... ....................0 ..........64,203 11/01/2015<br />
131347 BC 9 CALPINE CORP 2ND PRIOR SR SECD............. ... 02/01/2008. CALLED AT 112.03413483........ ........................... ........1,008,307 ...........900,000 ............821,300 ............861,527 .................... ..........1,140 ...................... .............1,140 ................... .............862,666 .................. .........145,641 .........145,641 ..........11,598 07/15/2010<br />
G1418# AD 5 CARIBBEAN UTILITIES AMENDED &................ F. 06/01/2008. SCHEDULED REPAYMENT...... ........................... ...........708,800 ...........708,800 ............759,044 ............708,821 .................... ..............(21) ...................... .................(21) ................... .............708,800 .................. ....................... ....................0 ..........30,018 06/01/2010<br />
G1418# AC 7 CARIBBEAN UTILITIES CO LTD SR................... F. 06/01/2008. SCHEDULED REPAYMENT...... ........................... ...........750,000 ...........750,000 ............750,000 ............750,000 .................... .................... ...................... ....................0 ................... .............750,000 .................. ....................... ....................0 ..........28,650 06/01/2014<br />
14414C AA 2 CAROLINA POWER & LIGHT CO SER............... ... 04/01/2008. MATURED.................................. ........................... ......13,100,000 ......13,100,000 .......14,192,648 .......13,155,055 .................... .......(55,055) ...................... ..........(55,055) ................... ........13,100,000 .................. ....................... ....................0 ........435,575 04/01/2008<br />
15005M AD 6 CEDAR BRAKES I LLC SR SEC......................... ... 02/15/2008. SCHEDULED REPAYMENT...... ........................... ...........850,278 ...........850,278 ............850,278 ............850,278 .................... .................... ...................... ....................0 ................... .............850,278 .................. ....................... ....................0 ..........36,137 02/15/2014<br />
172070 CE 2 CINCINNATI GAS & ELECTRIC CO D................ ... 04/01/2008. MATURED.................................. ........................... ......11,000,000 ......11,000,000 .......10,655,180 .......10,985,881 .................... ........14,119 ...................... ...........14,119 ................... ........11,000,000 .................. ....................... ....................0 ........352,000 04/01/2008<br />
172474 AC 2 CINERGY CORP NTS.......................................... ... 12/16/2008. VARIOUS................................... ........................... ......15,842,475 ......15,750,000 .......15,743,070 .......15,749,125 .................... .............574 ...................... ................574 ................... ........15,749,699 .................. ...........92,776 ...........92,776 ........693,813 12/16/2008<br />
19957R AB 9 COLUMBUS SOUTHERN PWR CO.................... ... 02/01/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ....................... ....................0 ..........65,100 02/01/2008<br />
199575 AM 3 COLUMBUS SOUTHERN PWR CO MBIA-......... ... 06/26/2008. MATURED.................................. ........................... ........3,200,000 ........3,200,000 .........3,552,416 .........3,244,017 .................... .......(44,017) ...................... ..........(44,017) ................... ..........3,200,000 .................. ....................... ....................0 ........171,756 06/26/2008<br />
202795 EV 8 COMMONWEALTH EDISON 1ST MTG.............. ... 05/15/2008. MATURED.................................. ........................... ........6,850,000 ........6,850,000 .........7,235,313 .........6,866,932 .................... .......(16,932) ...................... ..........(16,932) ................... ..........6,850,000 .................. ....................... ....................0 ........274,000 05/15/2008<br />
20765Q AG 0 CONNECTICUT NATURAL GAS CORP S.......... ... 10/21/2008. MATURED.................................. ........................... ......20,000,000 ......20,000,000 .......18,823,000 .......19,872,680 .................... ......127,320 ...................... .........127,320 ................... ........20,000,000 .................. ....................... ....................0 .....1,530,133 10/21/2008<br />
209615 BX 0 CONSOLIDATED NATURAL GAS CO BD.......... ... 08/14/2008. MERRILL LYNCH....................... ........................... ......15,338,100 ......15,000,000 .......15,013,400 .......15,006,234 .................... ............(936) ...................... ...............(936) ................... ........15,005,298 .................. .........332,802 .........332,802 ........750,000 11/01/2011<br />
226829 AA 7 CROCKET COGENERATION SR SEC NT......... ... 12/30/2008. SCHEDULED REPAYMENT...... ........................... ........1,096,864 ........1,096,864 .........1,088,393 ............307,122 .................... .............705 ...................... ................705 ................... ..........1,096,864 .................. ....................... ....................0 ..........41,969 03/30/2025<br />
26439# AC 6 DUKE ENERGY CORP NTS................................ ... 12/30/2008. SCHEDULED REPAYMENT...... ........................... ...........933,333 ...........933,333 ............933,333 ............933,333 .................... .................... ...................... ....................0 ................... .............933,333 .................. ....................... ....................0 ..........78,200 12/30/2016<br />
Y3203# AA 6 FIRST GAS POWER CORP SR SECD N............ F. 06/09/2008. VARIOUS................................... ........................... ........4,798,311 ........4,867,778 .........4,853,565 .........4,861,324 .................... .............544 ...................... ................544 ................... ..........4,861,868 .................. ..........(63,557) ..........(63,557) ........235,396 08/18/2012<br />
340711 B* 0 FLORIDA GAS TRANSMISSION B NTS............. ... 04/01/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 .........1,000,000 .........1,000,000 .................... .................... ...................... ....................0 ................... ..........1,000,000 .................. ....................... ....................0 ..........48,750 04/01/2008<br />
340711 AG 5 FLORIDA GAS TRANSMISSION 144A............... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........250,000 ...........250,000 ............250,000 ............250,000 .................... .................... ...................... ....................0 ................... .............250,000 .................. ....................... ....................0 ..........22,975 11/01/2024<br />
302567 AA 0 FPL ENERGY AMERICAN WIND LLC S............. ... 06/20/2008. SCHEDULED REPAYMENT...... ........................... ........1,096,200 ........1,096,200 .........1,094,277 .........1,096,154 .................... ...............46 ...................... ..................46 ................... ..........1,096,200 .................. ....................... ....................0 ..........72,777 06/20/2023<br />
30257G AA 9 FPL ENERGY NATL WIND LLC SR SE.............. ... 09/10/2008. SCHEDULED REPAYMENT...... ........................... ...........541,874 ...........541,874 ............540,689 ............541,859 .................... ...............15 ...................... ..................15 ................... .............541,874 .................. ....................... ....................0 ..........22,661 03/10/2024<br />
30257F AA 1 FPL ENERGY NATL WIND 144A NT................... ... 09/25/2008. SCHEDULED REPAYMENT...... ........................... ...........166,360 ...........166,360 ............166,360 ............166,360 .................... .................... ...................... ....................0 ................... .............166,360 .................. ....................... ....................0 ............7,643 03/25/2019<br />
302569 AA 6 FPL ENERGY VA FDG SR SEC NT 14............... ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ...........489,655 ...........489,655 ............484,201 ............489,610 .................... ...............45 ...................... ..................45 ................... .............489,655 .................. ....................... ....................0 ..........45,552 06/30/2019<br />
361561 AA 1 GC1C FUNDING CORP SLOB 144A................... ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,687,820 ........1,687,820 .........1,682,516 .........1,687,746 .................... ...............74 ...................... ..................74 ................... ..........1,687,820 .................. ....................... ....................0 ..........43,284 01/15/2014<br />
373334 FN 6 GEORGIA POWER CO SR NT............................ ... 06/13/2008. JEFFERIES & COMPANY......... ........................... ........1,510,620 ........1,500,000 .........1,495,637 .........1,497,509 .................... .............213 ...................... ................213 ................... ..........1,497,721 .................. ...........12,899 ...........12,899 ..........45,484 11/15/2012<br />
376085 AA 4 GILROY ENERGY CTR LLC 144A SR................ ... 08/15/2008. SCHEDULED REPAYMENT...... ........................... ...........689,266 ...........689,266 ............679,509 ............689,146 .................... .............120 ...................... ................120 ................... .............689,266 .................. ....................... ....................0 ..........20,678 08/15/2011<br />
39063@ AC 4 GREAT LAKES GAS TRANS LTD PART............ ... 10/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,900,000 ........1,900,000 .........1,900,000 .........1,900,000 .................... .................... ...................... ....................0 ................... ..........1,900,000 .................. ....................... ....................0 ........166,189 10/30/2011<br />
41987Q BA 0 HAWAIIAN ELECTRIC INDS SER C M............... ... 03/07/2008. MATURED.................................. ........................... ......17,000,000 ......17,000,000 .......17,000,000 .......17,000,000 .................... .................... ...................... ....................0 ................... ........17,000,000 .................. ....................... ....................0 ........340,000 03/07/2008<br />
437410 AB 9 HOMER CITY FDG LLC SR SECD BD................ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........105,000 ...........105,000 ............100,641 ............104,998 .................... .................2 ...................... ....................2 ................... .............105,000 .................. ....................... ....................0 ............6,878 10/01/2026<br />
437410 AA 1 HOMER CITY FUNDING LLC SR SECD............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........720,000 ...........720,000 ............720,000 ............720,000 .................... .................... ...................... ....................0 ................... .............720,000 .................. ....................... ....................0 ..........43,940 10/01/2019<br />
45469* AL 3 INDIANA CITIES WATER CORP NKA................ ... 03/01/2008. MATURED.................................. ........................... ...........230,000 ...........230,000 ............230,000 ............230,000 .................... .................... ...................... ....................0 ................... .............230,000 .................. ....................... ....................0 ............8,395 03/01/2008<br />
462416 AM 0 IOWA ELEC LT & PWR CO COLL TR................. ... 10/01/2008. MATURED.................................. ........................... ........3,500,000 ........3,500,000 .........3,091,025 .........3,452,458 .................... ........47,542 ...................... ...........47,542 ................... ..........3,500,000 .................. ....................... ....................0 ........210,000 10/01/2008<br />
463556 AD 2 IROQUOIS_GAS TRANSMISSION SR N............ ... 10/31/2008. SCHEDULED REPAYMENT...... ........................... ...........792,706 ...........792,706 ............792,706 ............792,706 .................... .................... ...................... ....................0 ................... .............792,706 .................. ....................... ....................0 ..........36,266 10/31/2027<br />
482620 AN 1 K N ENERGY INC BD.......................................... ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,755,000 ........1,755,000 .........1,704,519 .........1,746,721 .................... ..........8,279 ...................... .............8,279 ................... ..........1,755,000 .................. ....................... ....................0 ........114,075 09/01/2013<br />
48335# AA 9 KALAELOA PARTNERS L P SR SECD.............. ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,094,660 ........1,094,660 .........1,219,363 .........1,095,440 .................... ............(780) ...................... ...............(780) ................... ..........1,094,660 .................. ....................... ....................0 ..........66,536 03/31/2014<br />
485260 BH 5 KANSAS GAS & ELEC SR 05 BD....................... ... 09/29/2008. SCHEDULED REPAYMENT...... ........................... ...........425,414 ...........425,414 ............425,414 ............425,414 .................... .................... ...................... ....................0 ................... .............425,414 .................. ....................... ....................0 ..........24,023 03/29/2021<br />
49138Q AB 0 KENTUCKY POWER CO MTN............................ ... 06/27/2008. HSBC SECURITIES INC............ ........................... ........2,476,580 ........2,460,000 .........2,723,171 .........2,505,282 .................... .......(26,387) ...................... ..........(26,387) ................... ..........2,478,895 .................. ............(2,315) ............(2,315) ........119,443 11/10/2008<br />
49337E AB 6 KEYSPAN GAS EAST CORP TR 00002............. ... 01/15/2008. MATURED.................................. ........................... ......13,000,000 ......13,000,000 .......12,990,250 .......12,999,926 .................... ...............74 ...................... ..................74 ................... ........13,000,000 .................. ....................... ....................0 ........448,500 01/15/2008<br />
G5443# AA 1 LOS AMIGOS LEASING CO SER A SR.............. F. 04/15/2008. VARIOUS................................... ........................... ...........127,500 ...........127,500 ............214,041 ............127,744 .................... ............(132) ...................... ...............(132) ................... .............127,612 .................. ...............(112) ...............(112) ............7,846 10/15/2008<br />
59562V AP 2 MIDAMERICAN ENERGY HLDGS CO SR.......... ... 01/17/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
.............14,693 .............15,000 ..............14,265 ..............14,269 .................... .................1 ...................... ....................1 ................... ...............14,270 .................. ................423 ................423 ...............169 05/15/2037<br />
60467P AH 7 MIRANT AMERICAS GENERATION LLC........... ... 11/20/2008. JP MORGAN.............................. ........................... ......10,457,850 ......11,245,000 .........7,885,086 .........8,792,730 .................... ......536,909 ...................... .........536,909 ................... ..........9,329,639 .................. ......1,128,211 ......1,128,211 ........995,557 05/01/2011<br />
63618E AW 1 NATIONAL FUEL GAS CO MTN SER D............. ... 06/27/2008. HSBC SECURITIES INC............ ........................... ........5,046,500 ........5,000,000 .........5,415,140 .........5,089,663 .................... .......(38,201) ...................... ..........(38,201) ................... ..........5,051,462 .................. ............(4,962) ............(4,962) ........250,833 03/01/2009<br />
637432 CF 0 NATIONAL RURAL UTILITIES COLL.................. ... 11/01/2008. MATURED.................................. ........................... ......15,000,000 ......15,000,000 .......15,196,850 .......15,030,183 .................... .......(30,183) ...................... ..........(30,183) ................... ........15,000,000 .................. ....................... ....................0 ........862,500 11/01/2008<br />
63743H CE 0 NATL RURAL UTILS COOP FIN CORP.............. ... 12/01/2008. MATURED.................................. ........................... ...........263,000 ...........263,000 ............278,599 ............266,956 .................... .........(3,956) ...................... ............(3,956) ................... .............263,000 .................. ....................... ....................0 ..........15,123 12/01/2008<br />
64079* AB 8 NEPTUNE REGIONAL TRANSMSN TR A.......... ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ...........490,425 ...........490,425 ............490,425 ............490,425 .................... .................... ...................... ....................0 ................... .............490,425 .................. ....................... ....................0 ..........30,459 06/30/2027<br />
65364T AA 7 NIAGARA MOHAWK PWR CORP SEC FA........ ... 01/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........445,000 ...........445,000 ............445,000 ............445,000 .................... .................... ...................... ....................0 ................... .............445,000 .................. ....................... ....................0 ..........12,169 01/01/2018<br />
645869 AB 4 NJ NAT GAS SEC MTN 144A.............................. ... 11/01/2008. MATURED.................................. ........................... ......15,500,000 ......15,500,000 .......15,379,990 .......15,489,681 .................... ........10,319 ...................... ...........10,319 ................... ........15,500,000 .................. ....................... ....................0 ........971,850 11/01/2008<br />
65488B AA 7 NOARK PIPELINE FINANCE LLC SR................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........363,750 ...........363,750 ............363,750 ............363,750 .................... .................... ...................... ....................0 ................... .............363,750 .................. ....................... ....................0 ..........19,506 06/01/2018<br />
664397 AF 3 NORTHEAST UTILITIES SR NTS....................... ... 06/01/2008. MATURED.................................. ........................... ...........160,000 ...........160,000 ............157,488 ............159,736 .................... .............264 ...................... ................264 ................... .............160,000 .................. ....................... ....................0 ............2,640 06/01/2008<br />
66526H AU 2 NORTHERN INDIANA PUB SVC MTN................ ... 07/08/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,893,234 .........2,993,628 .................... ..........6,372 ...................... .............6,372 ................... ..........3,000,000 .................. ....................... ....................0 ........115,541 07/08/2008<br />
665501 AC 6 NORTHERN NATURAL GAS CO 144A S........... ... 09/15/2008. MATURED.................................. ........................... ........2,500,000 ........2,500,000 .........2,470,000 .........2,497,147 .................... ..........2,853 ...................... .............2,853 ................... ..........2,500,000 .................. ....................... ....................0 ........168,750 09/15/2008<br />
679574 AH 6 OLD DOMINION ELEC COOP 2003 SE.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........458,348 ...........458,348 ............458,348 ............458,348 .................... .................... ...................... ....................0 ................... .............458,348 .................. ....................... ....................0 ..........26,016 12/01/2028<br />
679574 AG 8 OLD DOMINION ELECTRIC CO BD.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,066,667 ........1,066,667 .........1,054,747 .........1,066,659 .................... .................7 ...................... ....................7 ................... ..........1,066,667 .................. ....................... ....................0 ..........66,240 12/01/2028
E14.15<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
68268N AB 9 ONEOK PARTNERS LP GTD SR NT.................. ... 02/21/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............5,040 ...............5,000 ................5,161 ................5,160 .................... ................(2) ...................... ...................(2) ................... .................5,158 .................. ...............(118) ...............(118) ...............124 10/01/2016<br />
683078 GX 1 ONTARIO HYDRO GTD DB................................. C 06/02/2008. MATURED.................................. ........................... ........4,307,135 ........4,280,000 .........2,782,678 .........4,384,784 .................... .........(1,301) ...................... ............(1,301) .(1,618,998) ..........4,307,135 .1,542,650 ....................... ......1,542,650 ........120,600 06/02/2008<br />
Y6937* AA 6 P T JAWA POWER SR SEC NTS....................... F. 07/15/2008. SCHEDULED REPAYMENT...... ........................... ........2,030,000 ........2,030,000 .........1,827,088 .........2,030,000 .................... .................... ...................... ....................0 ................... ..........2,030,000 .................. ....................... ....................0 ........144,290 01/15/2011<br />
718031 G@ 0 PA SUB WTR (NOW AQUA PA) 1ST M.............. ... 04/01/2008. MATURED.................................. ........................... ...........640,000 ...........640,000 ............640,000 ............640,000 .................... .................... ...................... ....................0 ................... .............640,000 .................. ....................... ....................0 ..........22,880 04/01/2008<br />
694308 GL 5 PACIFIC GAS & ELECTRIC CO SR N................ ... 05/02/2008. WACHOVIA SECURITIES......... ........................... ...............5,117 ...............5,000 ................4,973 ................4,973 .................... .................1 ...................... ....................1 ................... .................4,974 .................. ................143 ................143 ...............120 11/30/2017<br />
69512E GN 9 PACIFICORP 1ST MTG MTN H.......................... ... 05/15/2008. MATURED.................................. ........................... ........7,950,000 ........7,950,000 .........8,071,260 .........7,959,015 .................... .........(9,015) ...................... ............(9,015) ................... ..........7,950,000 .................. ....................... ....................0 ........253,406 05/15/2008<br />
698465 BG 5 PANHANDLE EASTERN PIPELINE NTS............ ... 06/27/2008. PARIBAS.................................... ........................... ........2,999,460 ........3,000,000 .........2,988,300 .........2,998,376 .................... ..........1,310 ...................... .............1,310 ................... ..........2,999,686 .................. ...............(226) ...............(226) ........126,800 08/15/2008<br />
705322 AH 8 PEDERNALES ELEC COOP INC 02 SE............. ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,445,466 ........1,445,466 .........1,445,466 .........1,445,466 .................... .................... ...................... ....................0 ................... ..........1,445,466 .................. ....................... ....................0 ..........58,913 11/15/2012<br />
705322 AG 0 PEDERNALIS ELEC COOP FMB 144A.............. ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........139,071 ...........139,071 ............143,273 ............139,094 .................... ..............(22) ...................... .................(22) ................... .............139,071 .................. ....................... ....................0 ..........10,500 11/15/2015<br />
71803Q AK 8 PHIL SUB WTR (NOW AQUA AMER) 1.............. ... 02/01/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,941,640 .........3,999,330 .................... .............670 ...................... ................670 ................... ..........4,000,000 .................. ....................... ....................0 ........113,249 02/01/2008<br />
P7883# AE 6 PHOENIX PARK GAS PROCESSORS SE......... F. 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,231,064 ........1,231,064 .........1,231,064 .........1,231,064 .................... .................... ...................... ....................0 ................... ..........1,231,064 .................. ....................... ....................0 ..........44,430 04/01/2020<br />
737679 BR 0 POTOMAC ELECTRIC POWER CO 1ST............ ... 03/15/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........1,917,080 .........1,997,998 .................... ..........2,002 ...................... .............2,002 ................... ..........2,000,000 .................. ....................... ....................0 ..........65,000 03/15/2008<br />
69352B AC 8 PPL MONTANA LLC PASS THRU CTFS............ ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ........1,398,343 ........1,398,343 .........1,398,343 .........1,398,343 .................... .................... ...................... ....................0 ................... ..........1,398,343 .................. ....................... ....................0 ........124,494 07/02/2020<br />
69361L AC 5 PSEG ENERGY HOLDINGS INC SR NT............ ... 01/31/2008. CALLED...................................... ........................... ........1,174,034 ........1,050,000 .........1,134,313 .........1,079,231 .................... ............(951) ...................... ...............(951) ................... ..........1,078,279 .................. ...........95,755 ...........95,755 ..........32,900 10/01/2009<br />
69363F BH 4 PSI ENERGY SEC MTN...................................... ... 09/09/2008. MATURED.................................. ........................... ........6,000,000 ........6,000,000 .........5,622,960 .........5,970,676 .................... ........29,324 ...................... ...........29,324 ................... ..........6,000,000 .................. ....................... ....................0 ........408,320 09/09/2008<br />
744448 BW 0 PUBLIC SVC CO COL 1ST COLL TR.................. ... 10/01/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,995,200 .........3,999,240 .................... .............760 ...................... ................760 ................... ..........4,000,000 .................. ....................... ....................0 ........175,000 10/01/2008<br />
744542 AA 9 PUBLIC SVC CO OF NEW MEXICO SR............. ... 09/15/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........7,018,950 .........7,002,926 .................... .........(2,926) ...................... ............(2,926) ................... ..........7,000,000 .................. ....................... ....................0 ........308,000 09/15/2008<br />
75953G AC 7 RELIANT ENERGY RESOURCES NTS.............. ... 08/14/2008. MERRILL LYNCH....................... ........................... ........5,254,400 ........5,000,000 .........4,983,700 .......................... .................... .............576 ...................... ................576 ................... ..........4,994,675 .................. .........259,725 .........259,725 ........391,806 02/15/2011<br />
74955D AA 9 RGS (AEGCO) FDG CORP SER E SEC............. ... 12/07/2008. SCHEDULED REPAYMENT...... ........................... .............21,978 .............21,978 ..............20,654 ..............21,975 .................... .................3 ...................... ....................3 ................... ...............21,978 .................. ....................... ....................0 ............2,156 12/07/2022<br />
74955E AA 7 RGS (I&M) FND CRP SER E SEC LE................. ... 12/07/2008. SCHEDULED REPAYMENT...... ........................... .............43,956 .............43,956 ..............39,428 ..............43,945 .................... ...............11 ...................... ..................11 ................... ...............43,956 .................. ....................... ....................0 ............4,312 12/07/2022<br />
76913# AA 0 RIVERSIDE ENERGY CENTER LLC TE............. ... 08/05/2008. VARIOUS................................... ........................... ........5,812,083 ........5,792,022 .........5,819,620 .........5,814,024 .................... .........(8,551) ...................... ............(8,551) ................... ..........5,805,069 .................. .............7,014 .............7,014 ........358,889 06/29/2011<br />
000000 00 0 ROCKY MOUNTAIN ENERGY CENTER T......... ... 08/05/2008. VARIOUS................................... ........................... ........4,041,356 ........4,029,602 .........4,040,843 .........4,039,483 .................... .......(12,547) ...................... ..........(12,547) ................... ..........4,026,872 .................. ...........14,484 ...........14,484 ........233,584 06/30/2011<br />
816391 AC 0 SELKIRK COGEN FUNDING CORP FMB.......... ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ..........23,835 12/26/2007<br />
816391 AD 8 SELKIRK COGEN FUNDING CORP SER........... ... 12/26/2008. SCHEDULED REPAYMENT...... ........................... ........1,428,432 ........1,428,432 .........1,465,305 .........1,429,174 .................... ............(742) ...................... ...............(742) ................... ..........1,428,432 .................. ....................... ....................0 ..........87,091 06/26/2012<br />
81675* AB 0 SEMINOLE ELECTRIC COOPERATIVE............. ... 12/28/2008. SCHEDULED REPAYMENT...... ........................... ...........330,579 ...........330,579 ............330,579 ............330,579 .................... .................... ...................... ....................0 ................... .............330,579 .................. ....................... ....................0 ..........18,413 12/28/2024<br />
845437 BJ 0 SOUTHWESTERN ELEC PWR CO SR NT......... ... 04/18/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............9,692 .............10,000 ................9,964 ................9,964 .................... .................1 ...................... ....................1 ................... .................9,965 .................. ...............(273) ...............(273) ...............227 03/01/2018<br />
852212 AA 7 SQUARE BUTTE ELECTRIC COOP................... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,525 .............19,525 ..............19,525 ..............19,525 .................... .................... ...................... ....................0 ................... ...............19,525 .................. ....................... ....................0 ...............637 01/01/2014<br />
88031Q AA 8 TENASKA VA PARTNERS LP SR SECD........... ... 07/16/2008. VARIOUS................................... ........................... ........4,640,623 ........4,606,575 .........4,615,448 .........4,612,576 .................... ............(212) ...................... ...............(212) ................... ..........4,612,364 .................. ...........28,259 ...........28,259 ........227,579 03/30/2024<br />
880314 AA 7 TENASKA WASHINGTON PART FMB 14.......... ... 09/23/2008. SCHEDULED REPAYMENT...... ........................... ........1,481,481 ........1,481,481 .........1,554,915 .........1,482,916 .................... .........(1,434) ...................... ............(1,434) ................... ..........1,481,481 .................. ....................... ....................0 ..........75,444 09/23/2011<br />
882850 CM 0 TEXAS UTILITIES ELECTRIC DB....................... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,194,874 ........1,194,874 .........1,094,063 .........1,194,836 .................... ...............37 ...................... ..................37 ................... ..........1,194,874 .................. ....................... ....................0 ..........44,568 01/01/2015<br />
893526 CC 5 TRANSCANADA PIPELINES LTD DB................. ... 06/13/2008. JEFFERIES & COMPANY......... ........................... ........1,634,760 ........1,500,000 .........1,581,928 .........1,543,234 .................... .........(3,950) ...................... ............(3,950) ................... ..........1,539,284 .................. ...........95,476 ...........95,476 ..........76,547 05/15/2012<br />
89352H AD 1 TRANSCANADA PIPELINES LTD SR N............. ... 04/04/2008. VARIOUS................................... ........................... ...............9,660 .............10,000 ................9,963 ................9,963 .................... .................... ...................... ....................0 ................... .................9,963 .................. ...............(303) ...............(303) ...............245 10/15/2037<br />
89365Q AA 2 TRANSGAS DE OCCIDENTE S A SR S............. F. 11/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,286,776 ........1,286,776 .........1,259,594 .........1,286,758 .................... ...............18 ...................... ..................18 ................... ..........1,286,776 .................. ....................... ....................0 ..........94,482 11/01/2010<br />
89566E AA 6 TRI STATE GENTN & TRANS ASSN I................ ... 01/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,349,950 ........1,349,950 .........1,343,846 .........1,349,788 .................... .............162 ...................... ................162 ................... ..........1,349,950 .................. ....................... ....................0 ..........40,768 01/31/2018<br />
90073@ AA 9 TUSCARORA GAS TRANSMISSION SR............ ... 12/21/2008. SCHEDULED REPAYMENT...... ........................... ...........694,200 ...........694,200 ............693,280 ............694,026 .................... .............174 ...................... ................174 ................... .............694,200 .................. ....................... ....................0 ..........37,122 12/21/2010<br />
906548 BN 1 UNION ELECTRIC CO FMB................................ ... 05/01/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 .........1,018,400 .........1,004,253 .................... .........(4,253) ...................... ............(4,253) ................... ..........1,000,000 .................. ....................... ....................0 ..........33,750 05/01/2008<br />
91370* AW 1 UNITED TEL MO 1ST MTG NTS......................... ... 07/01/2008. MATURED.................................. ........................... ........5,270,000 ........5,270,000 .........5,186,788 .........5,262,845 .................... ..........7,155 ...................... .............7,155 ................... ..........5,270,000 .................. ....................... ....................0 ........363,103 07/01/2008<br />
927804 FD 1 VIRGINIA ELECTRIC & POWER CO S............... ... 04/14/2008. VARIOUS................................... ........................... .............40,979 .............40,000 ..............39,986 ..............39,987 .................... .................... ...................... ....................0 ................... ...............39,987 .................. ................992 ................992 ...............489 11/30/2012<br />
93884P CW 8 WASHINGTON GAS LIGHT CO MTN SE........... ... 10/21/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,266,650 .........5,040,404 .................... .......(40,404) ...................... ..........(40,404) ................... ..........5,000,000 .................. ....................... ....................0 ........301,950 10/21/2008<br />
94016# AA 9 WASHINGTON 10 GAS HOLDINGS INC............ ... 03/31/2008. SCHEDULED REPAYMENT...... ........................... ...........297,590 ...........297,590 ............297,590 ............297,590 .................... .................... ...................... ....................0 ................... .............297,590 .................. ....................... ....................0 ............5,385 06/30/2029<br />
955278 BH 8 WEST PENN POWER CO 144A FMB................. ... 12/04/2008. VARIOUS................................... ........................... ...............9,575 .............10,000 ................9,972 ................9,972 .................... .................1 ...................... ....................1 ................... .................9,974 .................. ...............(399) ...............(399) ...............366 12/15/2017<br />
96638# AB 0 WHITING LEASING LLC GTD SER B................. ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ........201,781 06/30/2011<br />
96638# AC 8 WHITING LEASING LLC GTD SER C................. ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ........300,519 06/30/2011<br />
97180* SW 9 WILMINGTON TRUST (CONS PWR CO)........... ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........652,908 ...........652,908 ............609,346 ............652,875 .................... ...............34 ...................... ..................34 ................... .............652,908 .................. ....................... ....................0 ..........39,381 07/02/2011<br />
3899999. Total - Bonds - Public Utilities................................................................ .................................................................................. ....373,578,220 ....374,018,495 .....368,411,181 .....364,026,985 .................0 ......497,705 ..................0 .........497,705 .(1,618,998) ......370,258,557 .1,542,650 ......3,319,663 ......4,862,313 ...19,731,397 .....XXX.....<br />
Bonds - Industrial and Miscellaneous<br />
002920 AB 2 ABBEY NATIONAL PLC VR SB NT..................... ... 06/15/2008. CALLED AT 100......................... ........................... ......33,000,000 ......33,000,000 .......30,428,251 .......31,541,470 .................... ........90,166 ...................... ...........90,166 ................... ........31,631,636 .................. ......1,368,364 ......1,368,364 .....1,105,500 06/29/2049<br />
002819 AA 8 ABBOTT LABORATORIES NT............................ ... 12/01/2008. VARIOUS................................... ........................... .............26,314 .............25,000 ..............24,990 ..............24,991 .................... .................1 ...................... ....................1 ................... ...............24,992 .................. .............1,322 .............1,322 ...............961 11/30/2012<br />
002819 AB 6 ABBOTT LABORATORIES NT............................ ... 05/06/2008. VARIOUS................................... ........................... .............51,869 .............50,000 ..............49,850 ..............49,851 .................... .................2 ...................... ....................2 ................... ...............49,853 .................. .............2,016 .............2,016 ...............832 11/30/2017<br />
003708 AB 0 ABLE EMPIRE GROUP LP NTS (GSA-.............. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........2,725,620 ........2,725,620 .........2,725,620 .........2,725,620 .................... .................... ...................... ....................0 ................... ..........2,725,620 .................. ....................... ....................0 ........149,292 06/15/2011<br />
00080# AA 7 ABSF II CBO STATUTORY TR 97-A................... ... 12/25/2008. VARIOUS................................... ........................... .............28,023 .............28,023 ..............28,023 ..............28,203 .................... .................... ...................... ....................0 ................... ...............28,023 .................. ....................... ....................0 ...............100 02/25/2030<br />
00086Y BM 3 ACLC BUSN LN RECV 144A 02-1 A2................. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,106,627 ........1,106,627 .........1,106,583 .........1,106,614 .................... ...............12 ...................... ..................12 ................... ..........1,106,627 .................. ....................... ....................0 ..........37,254 12/15/2022<br />
00103X AC 7 AES IRONWOOD LLC......................................... ... 11/30/2008. SCHEDULED REPAYMENT...... ........................... .............36,797 .............36,797 ..............34,045 ..............36,795 .................... .................2 ...................... ....................2 ................... ...............36,797 .................. ....................... ....................0 ............1,840 11/30/2025<br />
00103Y AE 1 AES RED OAK LLC SER A SR SEC N............... ... 11/30/2008. SCHEDULED REPAYMENT...... ........................... ...........362,589 ...........362,589 ............362,589 ............362,589 .................... .................... ...................... ....................0 ................... .............362,589 .................. ....................... ....................0 ..........23,610 11/30/2019
E14.16<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
00103R AX 4 AESOP FDG II LLC 03-3A CL A3 R..................... ... 07/20/2008. SCHEDULED REPAYMENT...... ........................... ........3,000,000 ........3,000,000 .........2,999,311 .........2,999,948 .................... ...............52 ...................... ..................52 ................... ..........3,000,000 .................. ....................... ....................0 ..........41,851 07/20/2009<br />
008272 A* 7 AFFIRMATIVE INSURANCE HLDGS IN............. ... 09/01/2008. UNASSIGNED REPAYMENT.... ........................... ........1,642,385 ........1,642,385 .........1,660,698 .........1,646,187 .................... .........(3,802) ...................... ............(3,802) ................... ..........1,642,385 .................. ....................... ....................0 ..........45,739 12/30/2014<br />
008548 AE 9 AGUA CALIENTE BAND CAHUILLA SE............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... .............75,000 .............75,000 ..............75,000 ..............75,000 .................... .................... ...................... ....................0 ................... ...............75,000 .................. ....................... ....................0 ............4,560 10/01/2016<br />
008685 AC 3 AHOLD FINANCE USA INC GTD NT.................. ... 08/26/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........2,600,000 ........2,500,000 .........2,540,725 .........2,510,784 .................... ............(398) ...................... ...............(398) ................... ..........2,510,386 .................. ...........89,614 ...........89,614 ........231,458 07/15/2010<br />
008686 AA 5 AHOLD LEASE USA INC GTD SER A-............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........933,190 ...........933,190 ............913,029 ............933,174 .................... ...............16 ...................... ..................16 ................... .............933,190 .................. ....................... ....................0 ..........36,488 01/02/2020<br />
009344 A* 3 AIRCRAFT INDEBTEDNESS REPKG TR........... ... 02/11/2008. SCHEDULED REPAYMENT...... ........................... ...........445,239 ...........445,239 ............445,239 ............445,239 .................... .................... ...................... ....................0 ................... .............445,239 .................. ....................... ....................0 ..........10,597 02/11/2013<br />
009344 A@ 1 AIRCRAFT INDEBTEDNESS REPKG TR........... ... 02/11/2008. MATURED.................................. ........................... ...........152,348 ...........152,348 ............119,964 ............147,608 .................... ..........4,740 ...................... .............4,740 ................... .............152,348 .................. ....................... ....................0 ............3,626 02/11/2008<br />
009344 B# 8 AIRCRAFT INDEBTEDNESS REPKG TR........... ... 03/02/2008. MATURED.................................. ........................... .............46,491 .............46,491 ..............39,232 ..............44,268 .................... ..........2,223 ...................... .............2,223 ................... ...............46,491 .................. ....................... ....................0 ...............982 03/02/2008<br />
009344 B@ 0 AIRCRAFT INDETEDNESS REPKG TR............. ... 03/02/2008. SCHEDULED REPAYMENT...... ........................... ...........224,322 ...........224,322 ............224,322 ............224,322 .................... .................... ...................... ....................0 ................... .............224,322 .................. ....................... ....................0 ............5,425 03/02/2013<br />
00949T AD 2 AIRTOUCH COMMUNICATION INC NT............. ... 05/01/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........7,056,935 .........7,003,903 .................... .........(3,903) ...................... ............(3,903) ................... ..........7,000,000 .................. ....................... ....................0 ........232,750 05/01/2008<br />
001546 AE 0 AK STEEL CORP GTD SR NT............................ ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ...................4 02/15/2009<br />
013104 AL 8 ALBERTSON'S INC DB........................................ ... 02/01/2008. MORGAN STANLEY & CO........ ........................... ......13,274,850 ......14,000,000 .......12,973,498 .......12,949,017 .................... ..........1,378 ...................... .............1,378 ................... ........12,950,395 .................. .........324,455 .........324,455 ........292,667 05/01/2031<br />
013811 AC 8 ALCOA ALUMINIO S A SECD EXPORT............. F. 12/16/2008. VARIOUS................................... ........................... ........2,434,242 ........2,434,242 .........2,655,472 .........2,432,726 .................... ..........1,516 ...................... .............1,516 ................... ..........2,434,242 .................. ....................... ....................0 ........137,767 12/16/2008<br />
014477 A# 0 ALERIS INTERNATIONAL INC TR 1................... ... 07/21/2008. VARIOUS................................... ........................... ........1,707,011 ........1,985,000 .........1,994,925 .........1,993,742 .................... .........(1,055) ...................... ............(1,055) ................... ..........1,992,687 .................. ........(285,676) ........(285,676) ..........68,826 08/08/2013<br />
015386 AA 3 ALFA DIV PYMT RIGHTS FIN FLTG................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........6,400,000 ........6,400,000 .........6,392,662 .........6,398,725 .................... ..........1,275 ...................... .............1,275 ................... ..........6,400,000 .................. ....................... ....................0 ........213,279 03/15/2011<br />
015386 AB 1 ALFA DIV PYMT RIGHTS FLTG 2006................. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........4,000,000 ........4,000,000 .........4,000,000 .........4,000,000 .................... .................... ...................... ....................0 ................... ..........4,000,000 .................. ....................... ....................0 ........140,883 12/15/2011<br />
000000 00 0 ALGOMA STEEL INC TERM LOAN LN3............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............7,158 ...............7,158 ................7,158 ................7,158 .................... .................... ...................... ....................0 ................... .................7,158 .................. ....................... ....................0 ...............398 06/30/2013<br />
01877K AD 5 ALLIANCE PIPELINE LP SR 144A N.................. ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ...........292,900 ...........292,900 ............285,530 ............292,815 .................... ...............85 ...................... ..................85 ................... .............292,900 .................. ....................... ....................0 ..........16,803 12/31/2025<br />
01903# AK 8 ALLIED CAPITAL CORP SER A SR N................ ... 05/14/2008. MATURED.................................. ........................... ........6,000,000 ........6,000,000 .........6,000,000 .........6,000,000 .................... .................... ...................... ....................0 ................... ..........6,000,000 .................. ....................... ....................0 ........163,500 05/14/2008<br />
019512 AK 8 ALLIED SIGNAL INC NT...................................... ... 02/01/2008. MATURED.................................. ........................... ...........500,000 ...........500,000 ............499,425 ............499,994 .................... .................6 ...................... ....................6 ................... .............500,000 .................. ....................... ....................0 ..........15,500 02/01/2008<br />
01958X F@ 1 ALLIED WASTE IND INC. TERM LN2................. ... 12/01/2008. VARIOUS................................... ........................... ...........579,643 ...........579,643 ............558,768 ............558,781 .................... ..........5,390 ...................... .............5,390 ................... .............564,171 .................. ...........15,472 ...........15,472 ..........21,545 12/31/2014<br />
01958X F# 9 ALLIED WASTE NORTH AMER INC TR............. ... 12/01/2008. VARIOUS................................... ........................... ...........348,500 ...........348,500 ............337,083 ............337,091 .................... ..........1,460 ...................... .............1,460 ................... .............338,551 .................. .............9,949 .............9,949 ..........13,538 03/28/2014<br />
020039 DB 6 ALLTEL CORP SR NT.......................................... ... 06/26/2008. FTN FINANCIALS...................... ........................... ...........761,250 ...........750,000 ............669,269 ............646,875 .................... ..........9,216 ...................... .............9,216 ................... .............656,091 .................. .........105,159 .........105,159 ..........52,500 07/01/2012<br />
02146T BD 8 ALTERNATIVE LN TR 06 24CB M AL................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........138,955 ...........138,955 ............137,991 ............138,950 .................... .................5 ...................... ....................5 ................... .............138,955 .................. ....................... ....................0 ............4,643 08/25/2036<br />
02148H BA 8 ALTERNATIVE LN TR 06 31CB B CM................ ... 12/31/2008. VARIOUS................................... ........................... .............45,596 .............45,596 ..............34,437 ..............45,599 .................... ................(3) ...................... ...................(3) ................... ...............45,596 .................. ....................... ....................0 ............1,509 11/25/2036<br />
02148H AZ 4 ALTERNATIVE LN TR 06 31CB M CM................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............36,440 .............36,440 ..............36,410 ..............36,440 .................... .................... ...................... ....................0 ................... ...............36,440 .................. ....................... ....................0 ............1,206 11/25/2036<br />
02149F BJ 2 ALTERNATIVE LN TR 06 43CB M CM................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............78,989 .............78,989 ..............78,884 ..............78,990 .................... ................(1) ...................... ...................(1) ................... ...............78,989 .................. ....................... ....................0 ............2,649 02/25/2037<br />
02147R BF 6 ALTERNATIVE LN 06 23CB B2 FLTG................. ... 12/31/2008. VARIOUS................................... ........................... .............36,707 .............36,707 ..............18,137 ..............36,258 .................... .............449 ...................... ................449 ................... ...............36,707 .................. ....................... ....................0 ............1,265 08/25/2036<br />
02149J BR 6 ALTERNATIVE LN 06 45T1 M7 CMO.................. ... 12/31/2008. VARIOUS................................... ........................... .............32,749 .............32,749 ..............15,843 ..............32,546 .................... .............203 ...................... ................203 ................... ...............32,749 .................. ....................... ....................0 ............1,129 02/25/2037<br />
02148F AN 5 ALTERNATIVE LN 07 4CB M CMO..................... ... 12/31/2008. VARIOUS................................... ........................... .............18,541 .............18,541 ..............18,512 ..............18,550 .................... ................(9) ...................... ...................(9) ................... ...............18,541 .................. ....................... ....................0 ...............648 04/25/2037<br />
00171* AA 1 AM GENERAL LLC TRNCH B TERM LO............ ... 11/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........466,335 ...........466,335 ............466,335 ............466,335 .................... .................... ...................... ....................0 ................... .............466,335 .................. ....................... ....................0 ..........20,944 09/29/2013<br />
00163M AA 2 AMB PROPERTY LP GTD NT............................. ... 06/30/2008. MATURED.................................. ........................... ......11,400,000 ......11,400,000 .......11,387,916 .......11,399,174 .................... .............826 ...................... ................826 ................... ........11,400,000 .................. ....................... ....................0 ........708,225 06/30/2008<br />
023769 AA 0 AMERICAN AIRLINE INC SER 2003-.................. ... 07/09/2008. SCHEDULED REPAYMENT...... ........................... ...........219,583 ...........219,583 ............204,522 ............219,504 .................... ...............79 ...................... ..................79 ................... .............219,583 .................. ....................... ....................0 ............7,335 07/09/2010<br />
02378J AR 9 AMERICAN AIRLINES SER 2001-1 C................. ... 11/23/2008. SCHEDULED REPAYMENT...... ........................... ...........295,712 ...........295,712 ............295,712 ............295,712 .................... .................... ...................... ....................0 ................... .............295,712 .................. ....................... ....................0 ..........12,530 11/23/2022<br />
023775 AA 7 AMERICAN AIRLINES SER 2005-1 T................. ... 09/29/2008. SCHEDULED REPAYMENT...... ........................... ...........698,625 ...........698,625 ............698,625 ............698,625 .................... .................... ...................... ....................0 ................... .............698,625 .................. ....................... ....................0 ..........26,775 03/29/2014<br />
02378J AT 5 AMERICAN AIRLINES 01-1 B EETC................... ... 11/23/2008. SCHEDULED REPAYMENT...... ........................... ...........207,504 ...........207,504 ............104,503 ............204,561 .................... ..........2,943 ...................... .............2,943 ................... .............207,504 .................. ....................... ....................0 ..........10,313 05/23/2019<br />
025816 AV 1 AMERICAN EXPRESS CO NT............................ ... 02/26/2008. WALL STREET........................... ........................... .............20,305 .............20,000 ..............19,871 ..............19,883 .................... .................5 ...................... ....................5 ................... ...............19,888 .................. ................417 ................417 ...............487 09/12/2011<br />
025816 AU 3 AMERICAN EXPRESS CO SUB DEB FX........... ... 01/28/2008. VARIOUS................................... ........................... ...............9,781 .............10,000 ..............10,291 ..............10,281 .................... ................(2) ...................... ...................(2) ................... ...............10,279 .................. ...............(498) ...............(498) ...............281 09/01/2066<br />
02649P AC 1 AMERICAN HEAVY LIFT SHIP US GO............... ... 06/01/2008. CALLED AT 100......................... ........................... ...........112,000 ...........112,000 ............113,669 ............112,745 .................... .................... ...................... ....................0 ................... .............112,744 .................. ...............(744) ...............(744) ............2,893 06/01/2017<br />
02649P AB 3 AMERICAN HEAVY LIFT SHIPPING S............... ... 12/04/2008. UNASSIGNED REPAYMENT.... ........................... ...........512,398 ...........512,398 ............540,139 ............532,966 .................... .......(20,568) ...................... ..........(20,568) ................... .............512,398 .................. ....................... ....................0 ..........20,812 06/01/2017<br />
02660T ER 0 AMERICAN HOME MTG INV 05-2 5A1............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........530,078 ...........530,078 ............524,121 ............528,801 .................... ..........1,278 ...................... .............1,278 ................... .............530,078 .................. ....................... ....................0 ..........20,488 09/25/2035<br />
02666Q TZ 6 AMERICAN HONDA FINANCE CORP MT.......... ... 11/06/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........1,998,380 .........1,999,702 .................... .............298 ...................... ................298 ................... ..........2,000,000 .................. ....................... ....................0 ..........77,000 11/06/2008<br />
02759* AF 6 AMERICAN MTG TRUST AMMT 93-3 A............. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,836 ...............2,836 ................2,967 ................2,847 .................... ..............(11) ...................... .................(11) ................... .................2,836 .................. ....................... ....................0 ...............129 09/27/2022<br />
029717 AC 9 AMERICAN STANDARD...................................... ... 02/01/2008. MATURED.................................. ........................... ...........850,000 ...........850,000 ............849,147 ............849,990 .................... ...............10 ...................... ..................10 ................... .............850,000 .................. ....................... ....................0 ..........31,344 02/01/2008<br />
03009M BA 3 AMERICAN STORES CORP MTN...................... ... 03/20/2008. MATURED.................................. ........................... ......11,500,000 ......11,500,000 .......11,341,300 .......11,493,533 .................... ..........6,467 ...................... .............6,467 ................... ........11,500,000 .................. ....................... ....................0 ........373,750 03/20/2008<br />
03016* AA 4 AMERICAN TAX CR CORP FXD IX LP............... ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,542,322 ........2,542,322 .........2,458,602 .........2,540,649 .................... ..........1,673 ...................... .............1,673 ................... ..........2,542,322 .................. ....................... ....................0 ........129,898 01/01/2011<br />
03072S LD 5 AMERIQUEST MTG SEC AMSI 03-IA1............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........833,087 ...........833,087 ............833,570 ............833,119 .................... ..............(32) ...................... .................(32) ................... .............833,087 .................. ....................... ....................0 ..........21,789 11/25/2033<br />
03072S FY 6 AMERIQUEST MTG SECS INC 03-5 C............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........525,216 ...........525,216 ............525,198 ............525,217 .................... ................(1) ...................... ...................(1) ................... .............525,216 .................. ....................... ....................0 ..........13,176 04/25/2033<br />
03072S LF 0 AMERIQUEST MTG SECS INC 2003-I............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........439,503 ...........439,503 ............441,483 ............439,413 .................... ...............90 ...................... ..................90 ................... .............439,503 .................. ....................... ....................0 ..........13,239 11/25/2033<br />
03072S JD 8 AMERIQUEST MTG SECS INC 2003-8.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........224,727 ...........224,727 ............224,649 ............224,735 .................... ................(8) ...................... ...................(8) ................... .............224,727 .................. ....................... ....................0 ............8,782 10/25/2033<br />
031100 AC 4 AMETEK INC SR NT............................................ ... 07/15/2008. VARIOUS................................... ........................... ...........225,000 ...........225,000 ............224,354 ............224,952 .................... ...............48 ...................... ..................48 ................... .............225,000 .................. ....................... ....................0 ..........16,200 07/15/2008<br />
031162 AV 2 AMGEN INC SR NT.............................................. ... 03/27/2008. LEHMAN BROTHERS............... ........................... ...............4,968 ...............5,000 ................4,883 ................4,886 .................... .................2 ...................... ....................2 ................... .................4,888 .................. ..................80 ..................80 .................98 06/01/2017<br />
031162 AW 0 AMGEN INC SR NT.............................................. ... 04/03/2008. VARIOUS................................... ........................... ...............9,521 .............10,000 ................9,504 ................9,506 .................... .................1 ...................... ....................1 ................... .................9,507 .................. ..................14 ..................14 ...............215 06/01/2037<br />
03215P CY 3 AMRESCO RES SEC MTG LN TR AMRE.......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........511,236 ...........511,236 ............511,073 ............511,236 .................... .................... ...................... ....................0 ................... .............511,236 .................. ....................... ....................0 ..........24,249 09/25/2027<br />
03215P CZ 0 AMRESCO RES SEC MTG LN TR AMRE.......... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ...........176,844 ...........176,844 ............176,651 ............176,844 .................... .................... ...................... ....................0 ................... .............176,844 .................. ....................... ....................0 ............2,400 09/25/2027
E14.17<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
000000 00 0 AMSCAN HLDGS INC TERM LOAN LN3............ ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............50,000 .............50,000 ..............50,000 ..............50,000 .................... .................... ...................... ....................0 ................... ...............50,000 .................. ....................... ....................0 ............1,880 05/01/2013<br />
032166 AG 5 AMSOUTH BANK NA NTS.................................. ... 02/01/2008. CALLED AT 100......................... ........................... ......11,850,000 ......11,850,000 .......11,384,885 .......11,518,664 .................... ..........1,921 ...................... .............1,921 ................... ........11,520,585 .................. .........329,415 .........329,415 ........382,163 02/01/2018<br />
035229 DD 2 ANHEUSER BUSCH COS INC NT...................... ... 02/13/2008. JP MORGAN.............................. ........................... .............10,352 .............10,000 ................9,995 ................9,995 .................... .................... ...................... ....................0 ................... .................9,995 .................. ................357 ................357 ...............116 01/15/2018<br />
037411 AT 2 APACHE CORP NT.............................................. ... 06/06/2008. WACHOVIA SECURITIES......... ........................... .............14,264 .............14,000 ..............13,774 ..............13,788 .................... ...............16 ...................... ..................16 ................... ...............13,804 .................. ................460 ................460 ...............482 04/15/2013<br />
037705 AA 8 APPALACHIAN NPI SR SEC NTS....................... ... 08/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,039,500 ........1,039,500 .........1,039,500 .........1,039,500 .................... .................... ...................... ....................0 ................... ..........1,039,500 .................. ....................... ....................0 ..........60,644 02/29/2016<br />
000000 00 0 ARAMARK CORP TRNCH B TERM LOAN......... ... 02/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............7,303 ...............7,303 ................7,248 ................7,303 .................... .................... ...................... ....................0 ................... .................7,303 .................. ....................... ....................0 ...............183 01/26/2014<br />
038521 A* 1 ARAMARK CORP TRNCH LC BANK LOA.......... ... 11/19/2008. UNASSIGNED REPAYMENT.... ........................... ...............7,303 ...............7,303 ................7,248 ................7,257 .................... ...............47 ...................... ..................47 ................... .................7,303 .................. ....................... ....................0 ...............376 01/26/2014<br />
040104 BE 0 ARGENT SECS INC 2003-W3 AF6 HE............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........322,054 ...........322,054 ............321,931 ............322,099 .................... ..............(45) ...................... .................(45) ................... .............322,054 .................. ....................... ....................0 ..........17,433 09/25/2033<br />
040104 HL 8 ARGENT SECURITIES INC 2004-W5................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........119,286 ...........119,286 ............119,261 ............119,286 .................... ................(1) ...................... ...................(1) ................... .............119,286 .................. ....................... ....................0 ............3,829 04/25/2034<br />
045424 BE 7 ASSET SECURITIZATION CORP 1995.............. ... 09/11/2008. SCHEDULED REPAYMENT...... ........................... .......................... ......................... .........1,414,552 ............(81,625) .................... ........81,625 ...................... ...........81,625 ................... ........................... .................. ....................... ....................0 ........136,764 08/13/2029<br />
045424 CZ 9 ASSET SECURITIZATION CORP 1996.............. ... 09/11/2008. SCHEDULED REPAYMENT...... ........................... .......................... ......................... .......................... ...................596 .................... ............(596) ...................... ...............(596) ................... ........................... .................. ....................... ....................0 ............1,054 11/13/2029<br />
045424 DV 7 ASSET SECURITIZATION CORP 1997.............. ... 12/11/2008. SCHEDULED REPAYMENT...... ........................... ........9,083,768 ........9,083,768 .......10,354,190 .........8,956,956 .................... ......126,812 ...................... .........126,812 ................... ..........9,083,768 .................. ....................... ....................0 ........532,621 04/14/2029<br />
046003 HS 1 ASSOCIATES CORP NA SUB DEBS.................. ... 11/15/2008. MATURED.................................. ........................... ...........500,000 ...........500,000 ............496,645 ............499,645 .................... .............355 ...................... ................355 ................... .............500,000 .................. ....................... ....................0 ..........34,375 11/15/2008<br />
046003 JT 7 ASSOCIATES CORP OF NORTH AMERI........... ... 11/01/2008. MATURED.................................. ........................... ........1,500,000 ........1,500,000 .........1,379,094 .........1,481,000 .................... ........19,000 ...................... ...........19,000 ................... ..........1,500,000 .................. ....................... ....................0 ..........93,750 11/01/2008<br />
046353 AB 4 ASTRAZENECA PLC NT..................................... ... 12/10/2008. VARIOUS................................... ........................... .............26,081 .............25,000 ..............25,854 ..............25,844 .................... ..............(19) ...................... .................(19) ................... ...............25,825 .................. ................256 ................256 ...............864 09/15/2017<br />
001957 BC 2 AT&T CORP STEP UP SR NT............................. ... 06/13/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........1,509,567 ........1,422,000 .........1,533,313 .........1,481,960 .................... .........(6,508) ...................... ............(6,508) ................... ..........1,475,452 .................. ...........34,115 ...........34,115 ..........61,419 11/15/2011<br />
00206R AM 4 AT&T INC GLBL NT............................................. ... 09/15/2008. MORGAN STANLEY & CO........ ........................... ...............1,923 ...............2,000 ................1,998 .......................... .................... .................... ...................... ....................0 ................... .................1,998 .................. .................(75) .................(75) .................39 05/15/2018<br />
047445 AA 9 ATHERTON FRANCHISEE LOAN FNDG........... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... .............70,776 .............70,776 ..............73,172 ..............70,834 .................... ..............(58) ...................... .................(58) ................... ...............70,776 .................. ....................... ....................0 ............2,159 02/15/2013<br />
047445 AC 5 ATHERTON FRANCHISEE LOAN FNDG........... ... 03/01/2008. SCHEDULED REPAYMENT...... ........................... .......................... ......................... .......................... .....................73 .................... ..............(73) ...................... .................(73) ................... ........................... .................. ....................... ....................0 ...............949 02/15/2013<br />
04962V B@ 7 ATRIUM COMPANIES SR SUB NT..................... ... 10/15/2008. EXCHANGED............................. ........................... ........9,057,360 ......10,000,000 .........8,541,667 .........8,799,064 .................... ......258,296 ...................... .........258,296 ................... ..........9,057,360 .................. ....................... ....................0 ........500,000 08/30/2012<br />
053332 AF 9 AUTOZONE INC SR NT....................................... ... 07/09/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........3,783,640 ........4,000,000 .........3,833,742 .........3,829,455 .................... ..........9,243 ...................... .............9,243 ................... ..........3,838,698 .................. ..........(55,058) ..........(55,058) ........146,056 11/15/2015<br />
05348E AC 3 AVALONBAY COMMUNITIES INC NTS............. ... 07/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,996,300 .........4,999,666 .................... .............334 ...................... ................334 ................... ..........5,000,000 .................. ....................... ....................0 ........412,500 07/15/2008<br />
000000 00 0 AVIS BUDGET CAR RENTAL LLC TER.............. ... 12/02/2008. VARIOUS................................... ........................... ........4,964,680 ......12,204,874 .......12,196,026 .......12,197,055 .................... ..........1,473 ...................... .............1,473 ................... ........12,198,528 .................. .....(7,233,848) .....(7,233,848) ........587,877 04/19/2012<br />
057741 A@ 9 BALDOR ELECTRIC CO TRNCH B TER............ ... 11/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........202,552 ...........202,552 ............202,552 ............202,552 .................... .................... ...................... ....................0 ................... .............202,552 .................. ....................... ....................0 ............7,116 01/31/2014<br />
05916M AL 7 BALTIMORE GAS & ELECTRIC MTN................. ... 04/08/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........4,020,240 .........4,001,105 .................... .........(1,105) ...................... ............(1,105) ................... ..........4,000,000 .................. ....................... ....................0 ........108,156 04/08/2008<br />
05947U HL 5 BANC AM COML MTG INC 2002-02 C................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,810,240 ........2,810,240 .........2,822,897 .........2,810,867 .................... ............(627) ...................... ...............(627) ................... ..........2,810,240 .................. ....................... ....................0 ..........92,891 07/11/2043<br />
05947U FN 3 BANC AM COMM MTG 2002-X1 CL A3.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ......15,211,625 ......15,211,625 .......15,391,292 .......15,212,696 .................... .........(1,071) ...................... ............(1,071) ................... ........15,211,625 .................. ....................... ....................0 ........692,668 10/11/2033<br />
059494 AL 8 BANC AMER ALT LN 06 9 B1 CMO.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............64,068 .............64,068 ..............64,094 ..............64,068 .................... .................... ...................... ....................0 ................... ...............64,068 .................. ....................... ....................0 ............2,195 01/25/2037<br />
05948K LW 7 BANC AMER ALTERNATIVE LN 04-2................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........759,784 ...........759,784 ............775,261 ............762,039 .................... .........(2,255) ...................... ............(2,255) ................... .............759,784 .................. ....................... ....................0 ..........18,580 03/25/2034<br />
05947U VA 3 BANC AMER COML MTG INC 2004-3................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........328,094 ...........328,094 ............329,950 ............328,095 .................... ................(1) ...................... ...................(1) ................... .............328,094 .................. ....................... ....................0 ............8,751 06/10/2039<br />
05949T BG 3 BANC AMER FDG 06 1 3A2 CMO....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........152,153 ...........152,153 ............151,703 ............152,134 .................... ...............19 ...................... ..................19 ................... .............152,153 .................. ....................... ....................0 ............4,624 01/25/2036<br />
058931 AG 1 BANC AMER FDG 06 3 3A2 CMO....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............20,350 .............20,350 ..............20,311 ..............20,349 .................... .................... ...................... ....................0 ................... ...............20,350 .................. ....................... ....................0 ...............654 03/25/2036<br />
05951G CL 4 BANC AMER FDG 07 2 M1 CMO........................ ... 12/31/2008. VARIOUS................................... ........................... .............56,711 .............56,711 ..............56,714 ..............56,711 .................... .................... ...................... ....................0 ................... ...............56,711 .................. ....................... ....................0 ............1,893 03/25/2037<br />
05949A H5 2 BANC AMER MTG SECS INC 2005A C.............. ... 12/31/2008. VARIOUS................................... ........................... .............47,847 .............47,847 ..............47,817 ..............47,709 .................... .............138 ...................... ................138 ................... ...............47,847 .................. ....................... ....................0 ...............761 02/25/2035<br />
05948X VC 2 BANC AMER MTG 03-I 2A6 ARM PST............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,130,766 ........1,130,766 .........1,133,364 .........1,131,228 .................... ............(463) ...................... ...............(463) ................... ..........1,130,766 .................. ....................... ....................0 ..........39,010 10/25/2033<br />
059500 AD 0 BANC AMERICA COML MTG INC SER.............. ... 08/06/2008. VARIOUS................................... ........................... .............97,958 ...........100,000 ..............99,568 ..............99,583 .................... ...............19 ...................... ..................19 ................... ...............99,602 .................. ............(1,644) ............(1,644) ............3,340 07/10/2044<br />
05949C JW 7 BANC AMERICA MTG SECURITIES IN.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,170 ...............6,170 ................6,146 ................6,168 .................... .................2 ...................... ....................2 ................... .................6,170 .................. ....................... ....................0 ...............136 10/25/2020<br />
05947U C8 9 BANC OF AMERICA COML MTG INC 2............. ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,503,162 ........2,503,162 .........2,525,234 .........2,503,182 .................... ..............(21) ...................... .................(21) ................... ..........2,503,162 .................. ....................... ....................0 ..........10,173 11/10/2042<br />
05947U BA 5 BANC OF AMERICA COMM MTG 2000-............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........421,588 ...........421,588 ............422,907 ............421,778 .................... ............(190) ...................... ...............(190) ................... .............421,588 .................. ....................... ....................0 ..........18,785 09/15/2032<br />
05946X AR 4 BANC OF AMERICA FD CORP BAFC 0............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........264,791 ...........264,791 ............243,243 ............261,124 .................... ..........3,667 ...................... .............3,667 ................... .............264,791 .................. ....................... ....................0 ..........10,226 11/20/2032<br />
060340 A* 7 BANISTMO CREDIT CD RCVBLS TR 2.............. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........3,202,064 ........3,202,064 .........3,202,064 .........3,202,064 .................... .................... ...................... ....................0 ................... ..........3,202,064 .................. ....................... ....................0 ........102,512 12/15/2011<br />
05948K G2 9 BANK AMERICA ALT LN TR 2005-6................... ... 02/20/2008. VARIOUS................................... ........................... .............45,747 .............47,660 ..............46,854 ..............46,913 .................... ...............14 ...................... ..................14 ................... ...............46,906 .................. ............(1,159) ............(1,159) ...............603 07/25/2020<br />
064159 AB 2 BANK NOVA SCOTIA SB NT.............................. ... 09/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............955,400 ............996,736 .................... ..........3,264 ...................... .............3,264 ................... ..........1,000,000 .................. ....................... ....................0 ..........62,500 09/15/2008<br />
05948X JV 4 BANK OF AMERICA MTG SECS INC 2.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........462,142 ...........462,142 ............475,443 ............463,786 .................... .........(1,644) ...................... ............(1,644) ................... .............462,142 .................. ....................... ....................0 ..........11,603 06/25/2018<br />
064057 BF 8 BANK OF NEW YORK INC SR SB FIX............... ... 03/15/2008. CALLED AT 100......................... ........................... ........1,000,000 ........1,000,000 ............997,400 ............998,537 .................... ...............54 ...................... ..................54 ................... .............998,591 .................. .............1,409 .............1,409 ..........17,000 03/15/2013<br />
06406M AW 8 BANK OF NEW YORK MTN................................ ... 02/01/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,998,240 .........3,999,947 .................... ...............53 ...................... ..................53 ................... ..........4,000,000 .................. ....................... ....................0 ..........76,000 02/01/2008<br />
06423A AN 3 BANK ONE CORP NT.......................................... ... 08/01/2008. MATURED.................................. ........................... ........2,700,000 ........2,700,000 .........2,928,636 .........2,725,486 .................... .......(25,486) ...................... ..........(25,486) ................... ..........2,700,000 .................. ....................... ....................0 ........162,000 08/01/2008<br />
06423E PM 1 BANK ONE NA CHICAGO ILL MTN.................... ... 01/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 .........1,003,920 .........1,000,036 .................... ..............(36) ...................... .................(36) ................... ..........1,000,000 .................. ....................... ....................0 ..........18,500 01/15/2008<br />
06541E AA 0 BANK UNITED SER A MTN................................. ... 11/20/2008. VARIOUS................................... ........................... .............13,750 ......11,000,000 ............710,202 .......11,141,583 .................... .......(86,514) ..11,041,318 ...(11,127,832) ................... ...............13,751 .................. ...................(1) ...................(1) ........880,000 03/15/2009<br />
066365 CC 9 BANKERS TRUST NY CORP SB NTS................ ... 05/01/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........6,996,220 .........6,999,837 .................... .............163 ...................... ................163 ................... ..........7,000,000 .................. ....................... ....................0 ........258,125 05/01/2008<br />
071813 AB 5 BAXTER INTERNATIONAL INC DB.................... ... 06/15/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........8,015,338 .........7,062,107 .................... .......(62,107) ...................... ..........(62,107) ................... ..........7,000,000 .................. ....................... ....................0 ........332,500 06/15/2008<br />
0727G0 AR 1 BAYERISCHE LANDESBANK GIROZENT......... ... 10/15/2008. MATURED.................................. ........................... ........4,500,000 ........4,500,000 .........4,335,255 .........4,471,958 .................... ........28,042 ...................... ...........28,042 ................... ..........4,500,000 .................. ....................... ....................0 ........129,375 10/15/2008<br />
07324S AJ 1 BAYVIEW COML ASSET TR 2003-2 C............... ... 12/25/2008. SCHEDULED REPAYMENT...... ........................... .............90,405 .............90,405 ..............90,405 ..............90,405 .................... .................... ...................... ....................0 ................... ...............90,405 .................. ....................... ....................0 ............3,343 12/25/2033<br />
073252 AA 6 BAYVIEW RESH CTR LS FIN TR 04................... ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...............1,955 ...............1,955 ................1,955 ................1,955 .................... .................... ...................... ....................0 ................... .................1,955 .................. ....................... ....................0 ...............124 01/15/2037
E14.18<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
054937 AC 1 BB&T CORPORATION SB NT............................. ... 07/09/2008. LEHMAN BROTHERS............... ........................... ......13,022,100 ......13,000,000 .......13,823,815 .......13,388,140 .................... .......(26,849) ...................... ..........(26,849) ................... ........13,352,520 .................. ........(330,420) ........(330,420) ........805,097 08/01/2011<br />
07384M YY 2 BEAR STEARNS ARM TR 2003-7 CL................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........649,845 ...........649,845 ............641,053 ............642,613 .................... ..........7,232 ...................... .............7,232 ................... .............649,845 .................. ....................... ....................0 ..........18,036 10/25/2033<br />
07387A FL 4 BEAR STEARNS ARM 05-11 5A2 VR................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........316,844 ...........316,844 ............315,783 ............316,862 .................... ..............(18) ...................... .................(18) ................... .............316,844 .................. ....................... ....................0 ............7,754 12/25/2035<br />
07387A GA 7 BEAR STEARNS ARM 05-12 13A2 AR............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........408,281 ...........408,281 ............407,415 ............408,706 .................... ............(425) ...................... ...............(425) ................... .............408,281 .................. ....................... ....................0 ............8,075 02/25/2036<br />
07384Y MB 9 BEAR STEARNS ASSET BCKD SECS 0............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........624,351 ...........624,351 ............618,706 ............624,589 .................... ............(238) ...................... ...............(238) ................... .............624,351 .................. ....................... ....................0 ..........16,504 10/25/2033<br />
07383F MM 7 BEAR STEARNS CMBS BSCMS 02 PBW.......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........275,006 ...........275,006 ............275,732 ............275,018 .................... ..............(12) ...................... .................(12) ................... .............275,006 .................. ....................... ....................0 ............6,737 11/11/2035<br />
073902 BR 8 BEAR STEARNS CO SR NTS............................. ... 03/18/2008. LEHMAN BROTHERS............... ........................... ........1,365,000 ........1,500,000 .........1,444,922 .........1,482,762 .................... ..........1,937 ...................... .............1,937 ................... ..........1,484,698 .................. ........(119,698) ........(119,698) ..........33,995 12/07/2009<br />
07388Y AE 2 BEAR STEARNS COML MTG SECS 07............. ... 01/09/2008. SOVEREIGN SECURITIES....... ........................... ...........103,406 ...........100,000 ............101,543 ............101,536 .................... ................(2) ...................... ...................(2) ................... .............101,534 .................. .............1,872 .............1,872 ...............698 06/11/2040<br />
07383F BL 1 BEAR STEARNS COMM MTG SECS 99-........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .......................... ......................... ............960,526 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ........127,554 07/15/2031<br />
07558@ AC 3 BECHTEL CORP VAR RATE TERM NOT.......... ... 04/16/2008. DIRECT WITH COMPANY......... ........................... ......30,000,000 ......30,000,000 .......30,000,000 .......30,000,000 .................... .................... ...................... ....................0 ................... ........30,000,000 .................. ....................... ....................0 ........906,242 04/11/2010<br />
079867 AQ 0 BELLSOUTH TELECOM CORP DB.................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,781,650 ........1,781,650 .........1,582,500 .........1,780,219 .................... ..........1,431 ...................... .............1,431 ................... ..........1,781,650 .................. ....................... ....................0 ..........84,643 12/15/2015<br />
081434 AA 0 BEMIS COMPANY INC NT.................................. ... 08/15/2008. MATURED.................................. ........................... ........7,495,000 ........7,495,000 .........7,552,284 .........7,501,564 .................... .........(6,564) ...................... ............(6,564) ................... ..........7,495,000 .................. ....................... ....................0 ........487,175 08/15/2008<br />
08172L Y2 8 BENEFICIAL CORP NTS..................................... ... 11/17/2008. MATURED.................................. ........................... ........5,500,000 ........5,500,000 .........5,200,690 .........5,470,880 .................... ........29,120 ...................... ...........29,120 ................... ..........5,500,000 .................. ....................... ....................0 ........328,173 11/17/2008<br />
084664 AD 3 BERKSHIRE HATHAWAY CO GUARNT............ ... 06/10/2008. WACHOVIA SECURITIES......... ........................... ...............9,912 .............10,000 ................9,702 ................9,711 .................... ...............20 ...................... ..................20 ................... .................9,731 .................. ................181 ................181 ...............306 10/15/2013<br />
084664 AT 8 BERKSHIRE HATHAWAY FIN SR NTS.............. ... 07/23/2008. WACHOVIA SECURITIES......... ........................... ...............4,916 ...............5,000 ................4,852 ................4,857 .................... ...............10 ...................... ..................10 ................... .................4,867 .................. ..................49 ..................49 ...............251 01/15/2015<br />
084664 AR 2 BERKSHIRE HATHAWAY FINANCIAL C............ ... 08/26/2008. MIZUHO SECURITIES EQUITY ........................... .............40,495 .............40,000 ..............39,374 ..............39,448 .................... .............174 ...................... ................174 ................... ...............39,621 .................. ................874 ................874 ............1,852 01/15/2010<br />
05544N AC 5 BHN IV MTG TRUST 144A CL AF SE................. F. 12/31/2008. CALLED...................................... ........................... ...........628,125 ...........572,534 ............172,962 .......................2 .................... .................... ...................... ....................0 ................... ........................2 .................. .........628,123 .........628,123 ...................... 03/31/2011<br />
99BLBG 9A 6 BIG WEST OIL LLC TRNCH B TERM................. ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............37,500 .............37,500 ..............37,500 ..............37,500 .................... .................... ...................... ....................0 ................... ...............37,500 .................. ....................... ....................0 ............1,363 12/31/2014<br />
09323# AA 5 BLANCHARD MACHINE SR NTS SER A........... ... 08/01/2008. SEAPORT GROUP (THE)......... ........................... ......13,597,050 ......15,000,000 .......15,000,000 .......15,000,000 .................... .................... ...................... ....................0 ................... ........15,000,000 .................. .....(1,402,950) .....(1,402,950) ........834,750 09/30/2015<br />
05566S AA 1 BNSF RY CO 2005 3 PSTHR TR CTF................. ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... ...........271,254 ...........271,254 ............271,254 ............271,254 .................... .................... ...................... ....................0 ................... .............271,254 .................. ....................... ....................0 ............6,551 01/15/2023<br />
05563R AA 6 BNY CAPITAL 1 CO GUARNT SER B................. ... 02/01/2008. CALLED...................................... ........................... ......13,466,245 ......13,000,000 .......13,267,940 .......13,191,461 .................... .........(1,281) ...................... ............(1,281) ................... ........13,190,180 .................. .........276,065 .........276,065 ........607,270 12/31/2026<br />
10010R AB 3 BOSPHORUS FINL SVCS LTD 2004-B.............. F. 11/15/2008. SCHEDULED REPAYMENT...... ........................... ......13,333,334 ......13,333,334 .......13,333,334 .......13,333,334 .................... .................... ...................... ....................0 ................... ........13,333,334 .................. ....................... ....................0 ........508,450 11/15/2009<br />
10468* AA 2 BRADY CORP SR NTS........................................ ... 06/28/2008. SCHEDULED REPAYMENT...... ........................... ........2,000,000 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ....................... ....................0 ..........51,400 06/28/2014<br />
10600P AA 5 BRAZILIAN MER VOUCH RECV 2003-............... F. 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........2,819,157 ........2,819,157 .........2,819,157 .........2,819,157 .................... .................... ...................... ....................0 ................... ..........2,819,157 .................. ....................... ....................0 ........104,914 06/15/2011<br />
111013 AB 4 BRITISH SKY BROADCASTING PLC D............. ... 06/27/2008. VARIOUS................................... ........................... ........5,063,200 ........5,000,000 .........5,387,350 .........5,090,211 .................... .......(39,096) ...................... ..........(39,096) ................... ..........5,051,115 .................. ...........12,085 ...........12,085 ........295,052 02/23/2009<br />
115637 AC 4 BROWN-FORMAN CORP NT.............................. ... 03/15/2008. MATURED.................................. ........................... ........1,800,000 ........1,800,000 .........1,792,944 .........1,799,684 .................... .............316 ...................... ................316 ................... ..........1,800,000 .................. ....................... ....................0 ..........27,000 03/15/2008<br />
99BLBD 9A 3 BUILDING MATERIALS CORP TRNCH.............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............61,723 .............61,723 ..............61,894 ..............61,868 .................... ............(145) ...................... ...............(145) ................... ...............61,723 .................. ....................... ....................0 ............3,112 02/22/2014<br />
120568 AK 6 BUNGE LTD FINANCE CORP SR NTS.............. ... 12/15/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........1,997,340 .........1,999,445 .................... .............555 ...................... ................555 ................... ..........2,000,000 .................. ....................... ....................0 ..........87,500 12/15/2008<br />
G1696# AB 2 BUNZL FINANCE PLC SER B GTD NT............... F. 07/02/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,000,000 .........5,000,000 .................... .................... ...................... ....................0 ................... ..........5,000,000 .................. ....................... ....................0 ........333,000 07/02/2008<br />
12189P AC 6 BURLINGTON NORTHERN & SANTA FE.......... ... 10/02/2008. VARIOUS................................... ........................... ...........411,605 ...........411,605 ............398,580 ............409,304 .................... .................9 ...................... ....................9 ................... .............409,314 .................. .............2,291 .............2,291 ..........24,207 11/09/2019<br />
12189P AG 7 BURLINGTON NORTHERN & SANTA FE.......... ... 07/15/2008. UNASSIGNED REPAYMENT.... ........................... ...........433,532 ...........433,532 ............433,532 ............433,532 .................... .................... ...................... ....................0 ................... .............433,532 .................. ....................... ....................0 ..........26,828 01/15/2021<br />
12189P AM 4 BURLINGTON NORTHERN & SANTA FE.......... ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........204,594 ...........204,594 ............204,594 ............204,594 .................... .................... ...................... ....................0 ................... .............204,594 .................. ....................... ....................0 ............7,997 01/15/2021<br />
121899 DK 1 BURLINGTON NORTHERN RR CO PTC............ ... 12/23/2008. SCHEDULED REPAYMENT...... ........................... ........1,356,030 ........1,356,030 .........1,356,030 .........1,356,030 .................... .................... ...................... ....................0 ................... ..........1,356,030 .................. ....................... ....................0 ..........75,087 06/23/2010<br />
12189P AD 4 BURLINGTON NORTHERN SANTA FE P.......... ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........306,684 ...........306,684 ............306,684 ............306,684 .................... .................... ...................... ....................0 ................... .............306,684 .................. ....................... ....................0 ............9,865 07/02/2018<br />
12189P AE 2 BURLINGTON NORTHERN SANTA FE P.......... ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........710,924 ...........710,924 ............716,603 ............710,932 .................... ................(8) ...................... ...................(8) ................... .............710,924 .................. ....................... ....................0 ..........36,458 01/02/2020<br />
12189P AF 9 BURLINGTON NORTHERN SANTA FE P.......... ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........314,981 ...........314,981 ............314,981 ............314,981 .................... .................... ...................... ....................0 ................... .............314,981 .................. ....................... ....................0 ..........14,358 01/02/2021<br />
12189T AH 7 BURLINGTON NORTHERN SANTA FE P.......... ... 01/02/2008. UNASSIGNED REPAYMENT.... ........................... ...........276,119 ...........276,119 ............276,119 ............276,119 .................... .................... ...................... ....................0 ................... .............276,119 .................. ....................... ....................0 ............9,112 01/02/2019<br />
12201P AC 0 BURLINGTON RESOURCES FIN GTD N........... ... 06/12/2008. JP MORGAN.............................. ........................... ........5,181,500 ........5,000,000 .........4,921,033 .........4,958,431 .................... ..........4,771 ...................... .............4,771 ................... ..........4,963,202 .................. .........218,298 .........218,298 ........268,444 08/15/2011<br />
12466W AA 9 C & M FIN LTD SR NT 144A 3C7........................ ... 07/01/2008. CALLED AT 101......................... ........................... ........4,040,000 ........4,000,000 .........4,165,000 .........4,149,995 .................... .......(10,073) ...................... ..........(10,073) ................... ..........4,139,923 .................. ..........(99,923) ..........(99,923) ........297,000 02/01/2016<br />
12489W QG 2 C-BASS TR 05-CB8 AF5 ABS............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,352 .............15,352 ..............15,352 ..............15,353 .................... .................... ...................... ....................0 ................... ...............15,352 .................. ....................... ....................0 ...............868 12/25/2035<br />
131347 BK 1 CALPINE CORP SR NTS 144A W/RR................ ... 02/01/2008. CALLED AT 105.235092............ ........................... ...........526,175 ...........500,000 ............365,000 ............396,772 .................... ..........1,620 ...................... .............1,620 ................... .............398,391 .................. .........127,784 .........127,784 ............6,347 12/01/2011<br />
12477M AC 4 CAM COMML MTG CORP 2002-CAM2 C........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........6,611,017 ........6,611,017 .........6,660,824 .........6,611,418 .................... ............(401) ...................... ...............(401) ................... ..........6,611,017 .................. ....................... ....................0 ........269,374 11/14/2036<br />
134429 AN 9 CAMPBELL SOUP COMPANY NT...................... ... 10/01/2008. MATURED.................................. ........................... ......23,945,000 ......23,945,000 .......24,402,895 .......24,008,568 .................... .......(63,568) ...................... ..........(63,568) ................... ........23,945,000 .................. ....................... ....................0 .....1,406,769 10/01/2008<br />
137001 AC 7 CANAL BARGE INC TITLE XI (SHIP................... ... 12/31/2008. VARIOUS................................... ........................... ...........400,818 ...........400,818 ............400,818 ............400,818 .................... .................... ...................... ....................0 ................... .............400,818 .................. ....................... ....................0 ..........23,826 06/30/2021<br />
13810@ AA 9 CANTERBURY APTS KALAMAZOO LP G......... ... 06/19/2008. SCHEDULED REPAYMENT...... ........................... ...........155,000 ...........155,000 ............156,100 ............155,000 .................... .................... ...................... ....................0 ................... .............155,000 .................. ....................... ....................0 ............9,688 06/19/2014<br />
13861# AA 5 CANTOR FITZGERALD SR NT........................... ... 04/01/2008. EXCHANGED............................. ........................... ........6,449,540 ........6,600,000 .........6,366,030 .........6,439,881 .................... .............107 ...................... ................107 ................... ..........6,449,540 .................. ....................... ....................0 ........171,270 04/01/2010<br />
13973A AB 9 CAPITAL AUTO RECEIVABLES ASSET............ ... 05/15/2008. SCHEDULED REPAYMENT...... ........................... .............17,894 .............17,894 ..............17,880 ..............17,889 .................... .................5 ...................... ....................5 ................... ...............17,894 .................. ....................... ....................0 ...............241 02/15/2009<br />
14040E HF 2 CAPITAL ONE BANK SR MTN............................ ... 05/15/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,991,387 .........2,999,266 .................... .............734 ...................... ................734 ................... ..........3,000,000 .................. ....................... ....................0 ..........73,125 05/15/2008<br />
14040V NE 0 CAPITAL ONE FSB MCLEAN VA CD................. ... 12/11/2008. JEFFERIES & COMPANY......... ........................... .............24,875 .............25,000 ..............24,987 ..............24,990 .................... .................8 ...................... ....................8 ................... ...............24,998 .................. ...............(123) ...............(123) ...............893 03/13/2009<br />
14040K CA 4 CAPITAL ONE MASTER TR SER 2001.............. ... 08/15/2008. SCHEDULED REPAYMENT...... ........................... ........9,250,000 ........9,250,000 .........9,229,416 .........9,247,593 .................... ..........2,407 ...................... .............2,407 ................... ..........9,250,000 .................. ....................... ....................0 ........413,166 06/15/2011<br />
140554 AG 1 CAPITALSOURCE COML LN 07 1 D 1................ ... 12/20/2008. SCHEDULED REPAYMENT...... ........................... ........1,311,239 ........1,311,239 .........1,311,239 .........1,311,239 .................... .................... ...................... ....................0 ................... ..........1,311,239 .................. ....................... ....................0 ..........30,376 03/20/2017<br />
140661 AB 5 CAPMARK FINL GROUP INC SR NT.................. ... 10/08/2008. VARIOUS................................... ........................... ........4,952,510 ........7,507,000 .........7,142,639 .........7,163,835 .................... ........12,793 ...................... ...........12,793 ................... ..........7,176,628 .................. .....(2,224,118) .....(2,224,118) ........302,284 05/10/2017<br />
140661 AF 6 CAPMARK FINL GROUP INC SR NT.................. ... 06/25/2008. DEUTSCHE BANK SECS INC... ........................... ........8,251,250 ......11,500,000 .......11,509,790 .......11,555,575 .................... .........(5,699) ...................... ............(5,699) ................... ........11,549,876 .................. .....(3,298,626) .....(3,298,626) ........431,649 05/10/2012<br />
140725 AA 0 CAPTEC GRANTOR TR 00-1 CL A1 1................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........564,747 ...........564,747 ............564,747 ............564,747 .................... .................... ...................... ....................0 ................... .............564,747 .................. ....................... ....................0 ..........31,894 10/15/2010
E14.19<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
14072# AC 4 CAPTEC LOAN REC TR 96-A CL C.................... ... 10/16/2008. CALLED AT 100......................... ........................... .............39,471 .............39,471 .......................... .......................... .................... .............884 ...................... ................884 ................... ....................884 .................. ...........38,587 ...........38,587 ............4,255 12/15/2012<br />
14150B A* 5 CARDINAL HEALTH 409 INC (PTS).................... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............40,000 .............40,000 ..............40,000 ..............40,000 .................... .................... ...................... ....................0 ................... ...............40,000 .................. ....................... ....................0 ............1,498 04/10/2014<br />
14155# AA 8 CARDINALS BALLPARK LLC SR SEC............... ... 09/30/2008. SCHEDULED REPAYMENT...... ........................... ........1,198,189 ........1,198,189 .........1,198,189 .........1,198,189 .................... .................... ...................... ....................0 ................... ..........1,198,189 .................. ....................... ....................0 ..........44,682 09/30/2027<br />
141784 BN 7 CARGILL INC MTN.............................................. ... 10/09/2008. MATURED.................................. ........................... ...........390,000 ...........390,000 ............390,000 .......................... .................... .................... ...................... ....................0 ................... .............390,000 .................. ....................... ....................0 ..........19,621 10/09/2008<br />
141784 BD 9 CARGILL INC MTN 144A W/O RTS.................... ... 02/25/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,690,080 .........4,991,754 .................... ..........8,246 ...................... .............8,246 ................... ..........5,000,000 .................. ....................... ....................0 ........153,750 02/25/2008<br />
142339 AB 6 CARLISLE COMPANIES SR NTS....................... ... 05/15/2008. MATURED.................................. ........................... ......13,000,000 ......13,000,000 .......13,210,380 .......13,026,376 .................... .......(26,376) ...................... ..........(26,376) ................... ........13,000,000 .................. ....................... ....................0 ........435,500 05/15/2008<br />
143658 AK 8 CARNIVAL CORP SR NT.................................... ... 04/15/2008. MATURED.................................. ........................... ......24,328,000 ......24,328,000 .......22,720,073 .......24,257,445 .................... ........70,555 ...................... ...........70,555 ................... ........24,328,000 .................. ....................... ....................0 ........748,086 04/15/2008<br />
14422* AC 5 CAROLINA TRACTOR EQUIP SER B S............. ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,571,429 ........3,571,429 .........3,571,429 .........3,571,429 .................... .................... ...................... ....................0 ................... ..........3,571,429 .................. ....................... ....................0 ........276,071 08/01/2009<br />
14911T AE 5 CATERPILLAR FINL ASSET 08A A2B................ ... 12/25/2008. SCHEDULED REPAYMENT...... ........................... ...............1,044 ...............1,044 ................1,043 .......................... .................... .................... ...................... ....................0 ................... .................1,044 .................. ....................... ....................0 .................17 12/27/2010<br />
12479M AB 4 CBC INSURANCE REV SEC CBCI 200.............. ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,327,698 ........1,327,698 .........1,327,698 .........1,327,698 .................... .................... ...................... ....................0 ................... ..........1,327,698 .................. ....................... ....................0 ..........56,236 02/15/2023<br />
12502B AC 7 CCH I LLC/CAP CORP GTD SR SECD............... ... 05/14/2008. JP MORGAN.............................. ........................... ......12,527,325 ......14,958,000 .......13,288,272 .......13,410,268 .................... ........46,282 ...................... ...........46,282 ................... ........13,456,550 .................. ........(929,225) ........(929,225) .....1,042,074 10/01/2015<br />
124900 A@ 0 CCL INDUSTRIES INC SR GTD NTS.................. ... 09/16/2008. SCHEDULED REPAYMENT...... ........................... ...........909,091 ...........909,091 ............909,091 ............909,091 .................... .................... ...................... ....................0 ................... .............909,091 .................. ....................... ....................0 ..........63,364 09/16/2012<br />
15131G NA 8 CEND MTG BISHOPS GATE 2002-2 C............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............32,692 .............32,692 ..............32,016 ..............32,610 .................... ...............81 ...................... ..................81 ................... ...............32,692 .................. ....................... ....................0 ............1,176 03/25/2032<br />
15131G NB 6 CEND MTG BISHOPS GATE 2002-2 C............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............24,519 .............24,519 ..............23,142 ..............24,417 .................... .............102 ...................... ................102 ................... ...............24,519 .................. ....................... ....................0 ...............882 03/25/2032<br />
15131G NC 4 CEND MTG BISHOPS GATE 2002-2 C............... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............11,832 .............11,832 ..............10,235 ..............11,712 .................... .............119 ...................... ................119 ................... ...............11,832 .................. ....................... ....................0 ...............414 03/25/2032<br />
15150# AA 0 CENTER LAND CO INC FLEMING GTD............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........108,149 ...........108,149 ............108,149 ............108,149 .................... .................... ...................... ....................0 ................... .............108,149 .................. ....................... ....................0 ............4,444 12/01/2013<br />
152312 AL 8 CENTEX CORP NT.............................................. ... 01/15/2008. MATURED.................................. ........................... ........9,000,000 ........9,000,000 .........9,034,951 .........9,000,330 .................... ............(330) ...................... ...............(330) ................... ..........9,000,000 .................. ....................... ....................0 ........213,750 01/15/2008<br />
152314 GB 0 CENTEX HOME EQUITY LN TR 02-D................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........328,308 ...........328,308 ............328,041 ............328,308 .................... .................... ...................... ....................0 ................... .............328,308 .................. ....................... ....................0 ..........11,109 12/25/2032<br />
152314 MC 1 CENTEX HOME EQUITY LN TR 2005-............... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...........413,174 ...........413,174 ............413,007 ............413,171 .................... .................3 ...................... ....................3 ................... .............413,174 .................. ....................... ....................0 ............1,818 01/25/2035<br />
15348# AA 3 CENTRAL FLORIDA PIPELINE CORP............... ... 07/23/2008. MATURED.................................. ........................... ........1,363,636 ........1,363,636 .........1,363,636 ............681,818 .................... .................... ...................... ....................0 ................... ..........1,363,636 .................. ....................... ....................0 ........106,909 07/23/2008<br />
155411 AA 9 CENTRAL STEEL & WIRE CO SR NTS.............. ... 12/19/2008. VARIOUS................................... ........................... ......13,260,000 ......13,260,000 .......13,161,274 .......13,164,317 .................... ........46,415 ...................... ...........46,415 ................... ........13,210,732 .................. ...........49,268 ...........49,268 .....1,101,685 12/01/2010<br />
156686 AL 1 CENTURY TELEPHONE ENTERPRISES........... ... 01/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,971,646 .........4,999,782 .................... .............218 ...................... ................218 ................... ..........5,000,000 .................. ....................... ....................0 ........157,500 01/15/2008<br />
156880 AC 0 CERTEGY INC NT............................................... ... 09/15/2008. MATURED.................................. ........................... ......25,000,000 ......25,000,000 .......24,165,713 .......24,625,788 .................... ......374,212 ...................... .........374,212 ................... ........25,000,000 .................. ....................... ....................0 .....1,187,500 09/15/2008<br />
80851Q CF 9 CHARLES SCHWAB CORP MTN SR NTS......... ... 05/27/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,775,179 .........9,986,514 .................... ........13,486 ...................... ...........13,486 ................... ........10,000,000 .................. ....................... ....................0 ........481,756 05/27/2008<br />
000000 00 0 CHARTER COMM OPERATING LLC TER......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............20,000 .............20,000 ..............20,000 ..............20,000 .................... .................... ...................... ....................0 ................... ...............20,000 .................. ....................... ....................0 ...............870 03/06/2014<br />
161443 AB 2 CHASE AUTO OWNER TR 2005-A CL............... ... 09/15/2008. SCHEDULED REPAYMENT...... ........................... .............24,105 .............24,105 ..............23,867 ..............23,979 .................... .............126 ...................... ................126 ................... ...............24,105 .................. ....................... ....................0 ...............338 06/15/2009<br />
161505 GL 0 CHASE COMM MTG SEC CORP 2000-3........... ... 02/01/2008. SCHEDULED REPAYMENT...... ........................... .............99,499 .............99,499 ............101,859 ..............99,700 .................... ............(202) ...................... ...............(202) ................... ...............99,499 .................. ....................... ....................0 ...............624 10/15/2032<br />
161505 EA 6 CHASE COMMERCIAL MTGE SEC CCMS........ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........673,498 ...........673,498 ............741,832 ............674,093 .................... ............(595) ...................... ...............(595) ................... .............673,498 .................. ....................... ....................0 ..........24,522 04/15/2032<br />
161542 CP 8 CHASE FDG LN ACQ TR 2003-C1 CL................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........381,333 ...........381,333 ............381,330 ............381,334 .................... .................... ...................... ....................0 ................... .............381,333 .................. ....................... ....................0 ............7,580 02/25/2015<br />
161542 CR 4 CHASE FDG LN ACQ TR 2003-C1 CL................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........230,747 ...........230,747 ............230,737 ............230,747 .................... .................... ...................... ....................0 ................... .............230,747 .................. ....................... ....................0 ............5,426 06/25/2032<br />
161542 CS 2 CHASE FDG LN ACQ TR 2003-C1 CL................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........322,235 ...........322,235 ............322,225 ............322,235 .................... .................... ...................... ....................0 ................... .............322,235 .................. ....................... ....................0 ..........10,061 11/25/2031<br />
161546 CX 2 CHASE FDG MTG LN 02-3 IA6 HEL................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........539,587 ...........539,587 ............544,174 ............539,229 .................... .............358 ...................... ................358 ................... .............539,587 .................. ....................... ....................0 ..........13,518 09/25/2013<br />
161546 DM 5 CHASE FDG MTG LN 2002-4 CL IM1................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........208,056 ...........208,056 ............208,046 ............208,057 .................... ................(1) ...................... ...................(1) ................... .............208,056 .................. ....................... ....................0 ............5,547 02/25/2032<br />
161546 EQ 5 CHASE FDG MTG LN 2003-2 CL 1A5................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,869,501 ........1,869,501 .........1,869,463 .........1,869,503 .................... ................(2) ...................... ...................(2) ................... ..........1,869,501 .................. ....................... ....................0 ..........55,811 01/25/2033<br />
161546 FX 9 CHASE FDG MTG LN 2003-4 CL IM-.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........633,323 ...........633,323 ............633,304 ............633,323 .................... ................(1) ...................... ...................(1) ................... .............633,323 .................. ....................... ....................0 ..........16,383 11/25/2032<br />
161546 FY 7 CHASE FDG MTG LN 2003-4 CL IM-.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........298,817 ...........298,817 ............298,826 ............298,818 .................... .................... ...................... ....................0 ................... .............298,817 .................. ....................... ....................0 ............8,206 06/25/2032<br />
161546 HF 6 CHASE FDG MTG LN 2003-6 CL IB.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............98,430 .............98,430 ..............96,810 ..............98,429 .................... .................1 ...................... ....................1 ................... ...............98,430 .................. ....................... ....................0 ............2,779 05/25/2032<br />
161546 CK 0 CHASE FUNDING MTG LOAN 02-1 CL.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........153,329 ...........153,329 ............153,325 ............153,329 .................... .................... ...................... ....................0 ................... .............153,329 .................. ....................... ....................0 ............5,431 02/25/2032<br />
16162T U2 0 CHASE MTG FIN TR 2002-S4 CL B1.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........225,517 ...........225,517 ............222,048 ............225,131 .................... .............387 ...................... ................387 ................... .............225,517 .................. ....................... ....................0 ............7,458 03/25/2032<br />
16162T U5 3 CHASE MTG FIN TR 2002-S4 CL B3.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............64,437 .............64,437 ..............55,511 ..............63,727 .................... .............710 ...................... ................710 ................... ...............64,437 .................. ....................... ....................0 ............2,131 03/25/2032<br />
16166# AA 0 CHASKA CAP CORP (CARGILL-LESSE............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,222 ...............9,222 ................9,222 ................9,222 .................... .................... ...................... ....................0 ................... .................9,222 .................. ....................... ....................0 ...............351 04/01/2011<br />
16166# AE 2 CHASKA CAP CORP (TRANCHE 5) SE............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,100 ...............5,100 ................5,100 ................5,100 .................... .................... ...................... ....................0 ................... .................5,100 .................. ....................... ....................0 ...............195 04/01/2011<br />
16166# AD 4 CHASKA CAP CORP SECD EQ NT (TR............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............16,945 .............16,945 ..............16,945 ..............16,945 .................... .................... ...................... ....................0 ................... ...............16,945 .................. ....................... ....................0 ...............649 04/01/2011<br />
16166# AB 8 CHASKA CAPITAL CORP SEC EQ NT............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............10,934 .............10,934 ..............10,934 ..............10,934 .................... .................... ...................... ....................0 ................... ...............10,934 .................. ....................... ....................0 ...............418 04/01/2011<br />
16166# AC 6 CHASKA CAPITAL CORP SEC EQ NT............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,246 ...............8,246 ................8,246 ................8,246 .................... .................... ...................... ....................0 ................... .................8,246 .................. ....................... ....................0 ...............315 04/01/2011<br />
163714 AG 3 CHEMICAL BANK CORP SB NT......................... ... 11/01/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,496,090 .........2,951,089 .................... ........48,991 ...................... ...........48,991 ................... ..........3,000,000 .................. ....................... ....................0 ........183,750 11/01/2008<br />
163714 AF 5 CHEMICAL BANK SB NT..................................... ... 08/15/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,234,100 .........9,941,196 .................... ........58,804 ...................... ...........58,804 ................... ........10,000,000 .................. ....................... ....................0 ........670,000 08/15/2008<br />
165167 BL 0 CHESAPEAKE ENERGY CORP SR NTS........... ... 04/16/2008. SALOMON SMITH BARNEY INC ........................... ...........172,375 ...........175,000 ............166,036 ............167,203 .................... .............248 ...................... ................248 ................... .............167,450 .................. .............4,925 .............4,925 ............3,905 06/15/2015<br />
16675H AL 6 CHEVRON GTD AMORTIZING NT 144A............ ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...........232,437 ...........232,437 ............232,437 ............232,437 .................... .................... ...................... ....................0 ................... .............232,437 .................. ....................... ....................0 ............8,515 01/01/2014<br />
166754 AC 5 CHEVRON PHILLIPS CHEMICAL NTS............... ... 06/17/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........2,075,120 ........2,000,000 .........1,938,417 .........1,969,303 .................... ..........4,073 ...................... .............4,073 ................... ..........1,973,376 .................. .........101,744 .........101,744 ........106,944 03/15/2011<br />
16937# AB 6 CHINA BASIN BALLPARK CO LLC SR............... ... 09/30/2008. VARIOUS................................... ........................... ........1,351,108 ........1,351,108 .........1,351,108 .........1,351,108 .................... .................... ...................... ....................0 ................... ..........1,351,108 .................. ....................... ....................0 ..........82,520 11/26/2017<br />
125432 AM 6 CHL MTG PSTHR TR 06 12 B2 CMO.................. ... 12/31/2008. VARIOUS................................... ........................... ...............6,606 ...............6,606 ................4,523 ................6,606 .................... .................... ...................... ....................0 ................... .................6,606 .................. ....................... ....................0 ...............218 07/25/2036<br />
125431 AF 3 CHL MTG PSTHR TR 2006 HYB4 CL................. ... 10/21/2008. VARIOUS................................... ........................... .............10,371 .............36,192 ..............18,699 ..............54,356 .................... ..............(16) .........17,849 ..........(17,865) ................... ...............18,678 .................. ............(8,307) ............(8,307) ............1,727 06/20/2036<br />
12543R BZ 1 CHL MTG PSTHR TR 2007 3 CL M C................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........231,798 ...........231,798 ............231,830 ............231,798 .................... .................1 ...................... ....................1 ................... .............231,798 .................. ....................... ....................0 ............7,614 04/25/2037<br />
000000 00 0 CHS/COMMUNITY HEALTH SYSTEMS I........... ... 03/01/2008. UNASSIGNED REPAYMENT.... ........................... .............92,004 .............92,004 ..............92,004 ..............92,004 .................... .................... ...................... ....................0 ................... ...............92,004 .................. ....................... ....................0 ............1,715 07/25/2014
E14.20<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
17275R AB 8 CISCO SYSTEMS INC GLOBAL NT................... ... 03/03/2008. BEAR STEARNS........................ ........................... .............26,179 .............25,000 ..............25,045 ..............25,041 .................... ................(2) ...................... ...................(2) ................... ...............25,038 .................. .............1,141 .............1,141 ...............707 02/22/2011<br />
17305E DW 2 CITIBANK CREDIT CARD ISSUANCE................ ... 10/23/2008. ROBERT W BAIRD & CO INC... ........................... ...........182,750 ...........200,000 ............199,880 ............199,880 .................... ...............82 ...................... ..................82 ................... .............199,962 .................. ..........(17,212) ..........(17,212) ............8,096 07/12/2012<br />
172905 BE 0 CITIBANK 87-A AA PASSTHROUGH................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,980 .............15,980 ..............14,175 ..............16,147 .................... ............(166) ...................... ...............(166) ................... ...............15,980 .................. ....................... ....................0 ...............800 01/25/2017<br />
172905 BJ 9 CITIBANK 87-D AA PSTHR................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............43,799 .............43,799 ..............35,791 ..............43,633 .................... .............166 ...................... ................166 ................... ...............43,799 .................. ....................... ....................0 ............3,021 03/25/2017<br />
172973 FV 6 CITICORP MTG SEC CMSI 02-12 1A................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........312,354 ...........312,354 ............313,131 ............312,361 .................... ................(7) ...................... ...................(7) ................... .............312,354 .................. ....................... ....................0 ............8,119 12/25/2032<br />
17310D AS 9 CITICORP MTG SECS 06 4 B1 CMO.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............92,775 .............92,775 ..............92,583 ..............92,768 .................... .................7 ...................... ....................7 ................... ...............92,775 .................. ....................... ....................0 ............3,010 08/25/2036<br />
17310D AT 7 CITICORP MTG SECS 06 4 B2 CMO.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............29,818 .............29,818 ..............29,688 ..............29,811 .................... .................7 ...................... ....................7 ................... ...............29,818 .................. ....................... ....................0 ...............967 08/25/2036<br />
17310D AU 4 CITICORP MTG SECS 06 4 B3 CMO.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............19,884 .............19,884 ..............19,641 ..............19,874 .................... .................9 ...................... ....................9 ................... ...............19,884 .................. ....................... ....................0 ...............645 08/25/2036<br />
17306U BD 9 CITIFINANCIAL MTG SECS INC 200.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........376,656 ...........376,656 ............376,657 ............376,656 .................... .................... ...................... ....................0 ................... .............376,656 .................. ....................... ....................0 ............7,748 05/25/2033<br />
17306U AE 8 CITIFINANCIAL MTG SECS 2002-01.................. ... 06/01/2008. SCHEDULED REPAYMENT...... ........................... ........8,919,264 ........8,919,264 .........8,919,264 .........8,919,264 .................... .................... ...................... ....................0 ................... ..........8,919,264 .................. ....................... ....................0 ........203,508 09/25/2032<br />
172967 CU 3 CITIGROUP INC GLBL NT................................... ... 02/26/2008. FTN FINANCIALS...................... ........................... .............20,137 .............20,000 ..............19,549 ..............19,604 .................... ...............29 ...................... ..................29 ................... ...............19,634 .................. ................503 ................503 ...............429 02/22/2010<br />
172967 EU 1 CITIGROUP INC GLBL SR NT............................ ... 09/16/2008. SALOMON SMITH BARNEY INC ........................... .............24,510 .............25,000 ..............24,985 .......................... .................... .................... ...................... ....................0 ................... ...............24,985 .................. ...............(475) ...............(475) .................62 08/19/2013<br />
17307G ZQ 4 CITIGROUP MTG LN 05-5 3B3 CMO.................. ... 12/31/2008. VARIOUS................................... ........................... .............13,339 .............13,339 ..............11,270 ..............13,158 .................... .............181 ...................... ................181 ................... ...............13,339 .................. ....................... ....................0 ...............422 08/25/2035<br />
17309F BF 4 CITIGROUP MTG LN 06 AR5 2B3 CM................ ... 12/01/2008. VARIOUS................................... ........................... ...............2,892 ...............2,892 ................2,615 ................2,892 .................... .................... ...................... ....................0 ................... .................2,892 .................. ....................... ....................0 .................37 07/25/2036<br />
17310S AJ 6 CITIGROUP MTG LN 07 2 B1 VR RT.................. ... 12/31/2008. VARIOUS................................... ........................... .............95,061 .............95,061 ..............49,394 ..............95,061 .................... .................... ...................... ....................0 ................... ...............95,061 .................. ....................... ....................0 ............3,428 11/25/2036<br />
17310S AK 3 CITIGROUP MTG LN 07 2 B2 VR RT.................. ... 12/01/2008. VARIOUS................................... ........................... .............23,552 .............23,552 ..............11,810 ..............23,552 .................... .................... ...................... ....................0 ................... ...............23,552 .................. ....................... ....................0 ...............849 12/25/2036<br />
17310S AL 1 CITIGROUP MTG LN 07 2 B3 VR RT.................. ... 12/01/2008. VARIOUS................................... ........................... .............15,337 .............15,337 ................8,203 ..............15,337 .................... .................... ...................... ....................0 ................... ...............15,337 .................. ....................... ....................0 ...............511 11/25/2036<br />
178777 A* 9 CITYPLACE HLDGS CORP SECD NTS............. ... 10/31/2008. VARIOUS................................... ........................... ........1,582,286 ........1,582,286 .........1,582,286 .........1,582,286 .................... .................... ...................... ....................0 ................... ..........1,582,286 .................. ....................... ....................0 ..........84,026 10/31/2008<br />
000000 00 0 CLAIRE'S STORES INC TRNCH B TE................ ... 12/09/2008. VARIOUS................................... ........................... ...........778,450 ........1,990,000 .........1,980,050 .........1,980,668 .................... ..........1,274 ...................... .............1,274 ................... ..........1,981,942 .................. .....(1,203,492) .....(1,203,492) ........120,330 06/30/2014<br />
125616 A@ 1 CLC FRANCHISE SER 94-B CL A1..................... ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ...........183,882 ...........183,882 ............183,882 ............183,882 .................... .................... ...................... ....................0 ................... .............183,882 .................. ....................... ....................0 ..........13,727 01/15/2009<br />
18551* AA 3 CLECO EVANGELINE LLC SR SECD N............. ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ...........562,534 ...........562,534 ............562,534 ............562,534 .................... .................... ...................... ....................0 ................... .............562,534 .................. ....................... ....................0 ..........37,212 09/15/2020<br />
189054 AP 4 CLOROX CO SR NT............................................ ... 04/11/2008. JP MORGAN.............................. ........................... ...............5,089 ...............5,000 ................4,993 ................4,993 .................... .................... ...................... ....................0 ................... .................4,994 .................. ..................95 ..................95 ...............142 10/15/2012<br />
12566Q AU 7 CMALT CITIMTG ALT LN 07 A1 B1..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........131,874 ...........131,874 ............131,757 ............131,875 .................... ................(1) ...................... ...................(1) ................... .............131,874 .................. ....................... ....................0 ............4,324 01/25/2037<br />
19390Q AF 7 CMOT 46 CLASS C 10 TAC................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,021 .............15,021 ..............14,401 ..............14,978 .................... ...............43 ...................... ..................43 ................... ...............15,021 .................. ....................... ....................0 ...............767 09/01/2018<br />
20763# BD 2 CNB SEC NT (OCCIDENTAL CHEM CO............ ... 06/16/2008. DIRECT WITH COMPANY......... ........................... ...........473,577 ...........473,577 ............551,320 ............484,725 .................... .........(3,386) ...................... ............(3,386) ................... .............481,339 .................. ............(7,762) ............(7,762) ..........49,623 06/14/2009<br />
20763# BC 4 CNB SEC NT (OXY PETROCHEMICAL)............ ... 06/14/2008. CALLED AT 100......................... ........................... .............45,223 .............45,223 ..............52,647 ..............45,996 .................... ..............(28) ...................... .................(28) ................... ...............45,969 .................. ...............(746) ...............(746) ............2,329 06/14/2009<br />
12613X CX 7 CNH EQUIP 05-B A4B ABS NT........................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...............7,774 ...............7,774 ................7,768 .......................... .................... .................5 ...................... ....................5 ................... .................7,774 .................. ....................... ....................0 .................72 05/16/2011<br />
12613X CR 0 CNH EQUIPMENT TRUST CNH 05-A A............. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,465,303 ........1,465,303 .........1,462,751 .........1,465,263 .................... ...............40 ...................... ..................40 ................... ..........1,465,303 .................. ....................... ....................0 ..........32,022 06/15/2012<br />
191219 BF 0 COCA-COLA ENTERPRISES INC NT................. ... 11/01/2008. MATURED.................................. ........................... ........9,095,000 ........9,095,000 .........9,661,786 .........9,183,816 .................... .......(88,816) ...................... ..........(88,816) ................... ..........9,095,000 .................. ....................... ....................0 ........522,963 11/01/2008<br />
000000 00 0 COFFEYVILLE RESOURCES LLC TRNC........... ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............31,613 .............31,613 ..............31,899 ..............31,860 .................... ............(247) ...................... ...............(247) ................... ...............31,613 .................. ....................... ....................0 ............1,387 12/28/2013<br />
20029P AJ 8 COMCAST CABLE COMMUNICATIONS I.......... ... 11/15/2008. MATURED.................................. ........................... .............40,000 .............40,000 ..............40,352 ..............40,243 .................... ............(243) ...................... ...............(243) ................... ...............40,000 .................. ....................... ....................0 ............2,480 11/15/2008<br />
20030N AU 5 COMCAST CORP NT.......................................... ... 01/22/2008. JP MORGAN.............................. ........................... .............15,454 .............15,000 ..............15,336 ..............15,333 .................... ................(2) ...................... ...................(2) ................... ...............15,331 .................. ................123 ................123 ...............184 11/15/2017<br />
200339 AB 5 COMERICA BANK SB BD................................... ... 03/01/2008. MATURED.................................. ........................... ........1,800,000 ........1,800,000 .........2,054,664 .........1,809,502 .................... .........(9,502) ...................... ............(9,502) ................... ..........1,800,000 .................. ....................... ....................0 ..........61,875 03/01/2008<br />
20047L AA 4 COMM 2004 RS1 LTD/CORP CL A 14................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,744 ...............1,744 ................1,735 ................1,744 .................... .................... ...................... ....................0 ................... .................1,744 .................. ....................... ....................0 .................38 03/03/2041<br />
201728 DL 3 COMMERCIAL MTG ACCEPTANCE CORP....... ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,939,813 ........3,939,813 .........3,961,462 .........3,940,388 .................... ............(575) ...................... ...............(575) ................... ..........3,939,813 .................. ....................... ....................0 ..........50,258 08/15/2030<br />
20046R AC 8 COMMERCIAL MTG SECS 2003-J2R A............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........336,927 ...........336,927 ............336,927 ............336,927 .................... .................... ...................... ....................0 ................... .............336,927 .................. ....................... ....................0 ............7,120 07/16/2034<br />
204012 AF 5 COMMUNITY PROGRAM LN TR 87A CL........... ... 10/01/2008. VARIOUS................................... ........................... ...........879,246 ...........879,246 ............385,102 ............879,183 .................... ...............63 ...................... ..................63 ................... .............879,246 .................. ....................... ....................0 ..........27,733 10/01/2029<br />
204012 AD 0 COMMUNITY PROGRAM LOAN TRUST............ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,360,958 ........1,360,958 ............990,816 .........1,360,958 .................... .................... ...................... ....................0 ................... ..........1,360,958 .................. ....................... ....................0 ..........42,928 10/01/2018<br />
20444P AA 4 COMPANIA DE DESARROLLO AERO ST.......... F. 11/30/2008. SCHEDULED REPAYMENT...... ........................... ...........900,000 ...........900,000 ............900,000 ............900,000 .................... .................... ...................... ....................0 ................... .............900,000 .................. ....................... ....................0 ..........68,783 05/31/2011<br />
20449L FU 9 COMPASS BANK NTS........................................ ... 08/19/2008. SCHEDULED REPAYMENT...... ........................... ........1,818,182 ........1,818,182 .........1,703,919 .........1,815,739 .................... ..........2,442 ...................... .............2,442 ................... ..........1,818,182 .................. ....................... ....................0 ..........38,182 08/19/2009<br />
205363 AG 9 COMPUTER SCIENCES CORP NTS.................. ... 04/15/2008. MATURED.................................. ........................... ........3,500,000 ........3,500,000 .........3,463,810 .........3,497,724 .................... ..........2,276 ...................... .............2,276 ................... ..........3,500,000 .................. ....................... ....................0 ..........61,250 04/15/2008<br />
205615 A* 8 COMPUTING DEVICES CANADA LTD S........... ... 09/24/2008. MATURED.................................. ........................... ......23,900,000 ......23,900,000 .......23,882,090 .......23,902,225 .................... .........(2,225) ...................... ............(2,225) ................... ........23,900,000 .................. ....................... ....................0 .....1,510,480 09/24/2008<br />
20763# EF 4 CONNECTICUT NATIONAL BANK-OWNE......... ... 12/30/2008. SCHEDULED REPAYMENT...... ........................... ........1,149,931 ........1,149,931 .........1,165,549 .........1,150,148 .................... ............(217) ...................... ...............(217) ................... ..........1,149,931 .................. ....................... ....................0 ..........84,452 03/30/2011<br />
20847B AB 6 CONSECO FDG LTD/CORP CL A2 144.............. ... 08/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,189,484 ........1,189,484 .........1,246,128 .........1,192,660 .................... .........(3,176) ...................... ............(3,176) ................... ..........1,189,484 .................. ....................... ....................0 ..........77,911 02/28/2015<br />
20847T BQ 3 CONSECO FINANCE HOME EQTY 02-B........... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........248,888 ...........248,888 ............248,877 ............248,888 .................... .................... ...................... ....................0 ................... .............248,888 .................. ....................... ....................0 ..........11,371 05/15/2033<br />
20923* AB 8 CONSOLID FREIGHT THFT&STK TR E............. ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,669,355 ........1,669,355 .........1,754,428 .........1,669,388 .................... ..............(33) ...................... .................(33) ................... ..........1,669,355 .................. ....................... ....................0 ..........71,302 01/01/2009<br />
20903H AB 4 CONSOLIDATED COMMUNICATION HDG........ ... 04/01/2008. CALLED AT 104.875.................. ........................... ...........863,121 ...........823,000 ............832,750 ............827,487 .................... ............(458) ...................... ...............(458) ................... .............827,028 .................. ...........36,093 ...........36,093 ..........40,344 04/01/2012<br />
20904* AF 2 CONSOLIDATED DIESEL INC SEC NT.............. ... 02/15/2008. MATURED.................................. ........................... ........2,353,000 ........2,353,000 .........2,353,000 .........2,353,000 .................... .................... ...................... ....................0 ................... ..........2,353,000 .................. ....................... ....................0 ..........81,414 02/15/2008<br />
209115 AB 0 CONSOLIDATED EDISON CO OF NY N............ ... 08/01/2008. MATURED.................................. ........................... ........1,250,000 ........1,250,000 .........1,248,400 .........1,249,798 .................... .............202 ...................... ................202 ................... ..........1,250,000 .................. ....................... ....................0 ..........45,313 08/01/2008<br />
209615 BR 3 CONSOLIDATED NATURAL GAS CO DB.......... ... 12/01/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............995,590 ............999,329 .................... .............671 ...................... ................671 ................... ..........1,000,000 .................. ....................... ....................0 ..........66,250 12/01/2008<br />
210523 AD 8 CONSUMERS FDG LLC 2001-1 CL A4............... ... 10/20/2008. SCHEDULED REPAYMENT...... ........................... ........3,043,914 ........3,043,914 .........3,031,726 .........3,043,781 .................... .............132 ...................... ................132 ................... ..........3,043,914 .................. ....................... ....................0 ..........96,075 04/20/2012<br />
210805 DL 8 CONTINENTAL AIRLINES PSTHR TR................ ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... .............33,341 .............33,341 ..............33,214 ..............33,339 .................... .................2 ...................... ....................2 ................... ...............33,341 .................. ....................... ....................0 ............1,759 12/15/2012<br />
210805 BE 6 CONTINENTAL AIRLINES SER 97-1B................ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,089,377 ........2,089,377 .........2,084,786 .........2,089,374 .................... .................3 ...................... ....................3 ................... ..........2,089,377 .................. ....................... ....................0 ..........79,506 10/01/2014<br />
210805 CB 1 CONTINENTAL AIRLINES SER 98-1.................. ... 09/15/2008. VARIOUS................................... ........................... ........1,264,057 ........1,264,057 .........1,278,386 .........1,264,890 .................... ..............(44) ...................... .................(44) ................... ..........1,264,845 .................. ...............(788) ...............(788) ..........58,048 03/15/2019
E14.21<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
210805 CR 6 CONTINENTAL AIRLINES SER 991B................. ... 08/02/2008. SCHEDULED REPAYMENT...... ........................... .............31,443 .............31,443 ..............29,423 ..............31,441 .................... .................2 ...................... ....................2 ................... ...............31,443 .................. ....................... ....................0 ............1,393 02/02/2020<br />
210805 BD 8 CONTINENTAL AIRLINES 97-1A EET................ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........397,099 ...........397,099 ............386,637 ............397,094 .................... .................4 ...................... ....................4 ................... .............397,099 .................. ....................... ....................0 ..........17,942 04/01/2015<br />
210805 A# 4 CONTINENTAL AIRLINES 98-EMB2 B............... ... 01/01/2008. MATURED.................................. ........................... ........1,789,813 ........1,789,813 .........1,431,851 .........1,789,215 .................... .............599 ...................... ................599 ................... ..........1,789,813 .................. ....................... ....................0 ..........32,514 01/01/2008<br />
21666W CC 2 COOPER INDUSTRIES INC MTN....................... ... 05/08/2008. MATURED.................................. ........................... ........8,850,000 ........8,850,000 .........8,471,928 .........8,827,027 .................... ........22,973 ...................... ...........22,973 ................... ..........8,850,000 .................. ....................... ....................0 ........387,095 05/08/2008<br />
21864* AB 7 CORDOVA FUNDING SR SEC A2 144A............. ... 12/15/2008. CALLED AT 100......................... ........................... .............38,962 .............38,962 ..............38,962 ..............38,962 .................... .................... ...................... ....................0 ................... ...............38,962 .................. ....................... ....................0 ............2,569 12/15/2019<br />
21864* AA 9 CORDOVA FUNDING SR SEC NTS A-1............. ... 12/15/2008. CALLED AT 100......................... ........................... ...........116,374 ...........116,374 ............116,374 ............116,374 .................... .................... ...................... ....................0 ................... .............116,374 .................. ....................... ....................0 ............7,541 12/15/2019<br />
21864* AC 5 CORDOVA FUNDING SR SEC NTS A3.............. ... 12/15/2008. CALLED AT 100......................... ........................... .............36,462 .............36,462 ..............36,462 ..............36,462 .................... .................... ...................... ....................0 ................... ...............36,462 .................. ....................... ....................0 ............2,480 12/15/2019<br />
21864* AD 3 CORDOVA FUNDING SR SEC NTS A4.............. ... 12/15/2008. CALLED AT 100......................... ........................... .............72,328 .............72,328 ..............72,328 ..............72,328 .................... .................... ...................... ....................0 ................... ...............72,328 .................. ....................... ....................0 ............4,784 12/15/2019<br />
21864* AE 1 CORDOVA FUNDING SR SEC NTS A5.............. ... 12/15/2008. CALLED AT 100......................... ........................... .............15,873 .............15,873 ..............15,873 ..............15,873 .................... .................... ...................... ....................0 ................... ...............15,873 .................. ....................... ....................0 ............1,010 12/15/2019<br />
22160K AB 1 COSTCO WHSL CORP SR NT............................ ... 02/26/2008. JEFFERIES & COMPANY......... ........................... .............15,700 .............15,000 ..............15,106 ..............15,097 .................... ................(3) ...................... ...................(3) ................... ...............15,094 .................. ................606 ................606 ...............362 03/15/2012<br />
12669D 6P 8 COUNTRYWIDE HOME LNS CWHL 03-J........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........178,317 ...........178,317 ............178,643 ............178,368 .................... ..............(51) ...................... .................(51) ................... .............178,317 .................. ....................... ....................0 ............5,659 05/25/2033<br />
22237L NR 9 COUNTRYWIDE HOME LOANS INC MTN......... ... 05/21/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........4,000,460 .........4,000,039 .................... ..............(39) ...................... .................(39) ................... ..........4,000,000 .................. ....................... ....................0 ..........65,000 05/21/2008<br />
12669G DG 3 COUNTRYWIDE HOME LOANS 04-HYB7......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........448,390 ...........448,390 ............453,244 ............448,924 .................... ............(533) ...................... ...............(533) ................... .............448,390 .................. ....................... ....................0 ..........11,483 11/20/2034<br />
22281N A* 4 COVANTA ENERGY CORP TRNCH B TE.......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............25,129 .............25,129 ..............25,286 ..............25,256 .................... ............(127) ...................... ...............(127) ................... ...............25,129 .................. ....................... ....................0 ............1,049 02/09/2014<br />
22303Q AH 3 COVIDIEN INTL FIN SA SR NT........................... ... 09/24/2008. JP MORGAN.............................. ........................... ...............4,827 ...............5,000 ................4,992 ................4,992 .................... .................... ...................... ....................0 ................... .................4,992 .................. ...............(165) ...............(165) ...............307 10/15/2037<br />
224044 AM 9 COX COMMUNICATIONS INC............................ ... 08/01/2008. MATURED.................................. ........................... ...........600,000 ...........600,000 ............576,306 ............598,003 .................... ..........1,997 ...................... .............1,997 ................... .............600,000 .................. ....................... ....................0 ..........38,400 08/01/2008<br />
12617A AB 3 CPL TRANSITION FDG LLC 2002-1................... ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... .............39,307 .............39,307 ..............39,225 ..............39,299 .................... .................8 ...................... ....................8 ................... ...............39,307 .................. ....................... ....................0 ...............985 01/15/2010<br />
C1466# AA 6 CPR LEASG (CANADIAN PACIFIC R)................ I.. 09/03/2008. VARIOUS................................... ........................... ...........190,370 ...........190,370 ............190,370 ............190,370 .................... .................... ...................... ....................0 ................... .............190,370 .................. ....................... ....................0 ............7,759 03/03/2024<br />
2254W0 KS 3 CRED SUISSE FRST BOST MTG 04-7.............. ... 11/01/2008. VARIOUS................................... ........................... .............35,616 .............35,616 ..............19,854 ..............35,602 .................... ...............15 ...................... ..................15 ................... ...............35,616 .................. ....................... ....................0 ............1,047 11/25/2034<br />
226091 AF 3 CRESTAR FINANCIAL CORP SUB NTS............ ... 01/15/2008. CALLED AT 100......................... ........................... ......10,000,000 ......10,000,000 .........9,321,240 .........9,509,857 .................... ..........1,399 ...................... .............1,399 ................... ..........9,511,256 .................. .........488,744 .........488,744 ........325,000 01/15/2018<br />
12626# AC 9 CRH AMERICA INC SER B GTD SR N............... ... 05/30/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ....................... ....................0 ..........76,400 05/30/2008<br />
22541Q SE 3 CS FIRST BOST MTG SECS CORP 20.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,517,648 ........1,517,648 .........1,523,323 .........1,517,653 .................... ................(5) ...................... ...................(5) ................... ..........1,517,648 .................. ....................... ....................0 ..........56,363 08/15/2036<br />
126342 BY 9 CS FIRST BOSTON MTG CSFB 95-M1.............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,326,317 ........4,326,317 .........4,371,130 .........4,334,120 .................... .........(7,803) ...................... ............(7,803) ................... ..........4,326,317 .................. ....................... ....................0 ........256,097 04/25/2025<br />
22541Q 4B 5 CS FIRST BOSTON MTG SECS CORP............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........129,176 ...........129,176 ............157,605 ............129,641 .................... ............(466) ...................... ...............(466) ................... .............129,176 .................. ....................... ....................0 ............3,762 12/25/2033<br />
22541Q WY 4 CS FIRST BOSTON MTG SECS 03-23............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........693,390 ...........693,390 ............688,524 ............692,716 .................... .............674 ...................... ................674 ................... .............693,390 .................. ....................... ....................0 ..........16,429 09/25/2033<br />
22541Q WZ 1 CS FIRST BOSTON MTG SECS 03-23............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........617,034 ...........617,034 ............641,472 ............605,503 .................... ........11,532 ...................... ...........11,532 ................... .............617,034 .................. ....................... ....................0 ..........19,363 09/25/2033<br />
22541Q XA 5 CS FIRST BOSTON MTG SECS 03-23............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........121,703 ...........121,703 ............130,512 ............123,689 .................... .........(1,986) ...................... ............(1,986) ................... .............121,703 .................. ....................... ....................0 ............3,698 09/25/2033<br />
22541N X2 0 CS FIRST BOSTON MTG SECS 2003-............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........255,237 ...........255,237 ............305,359 ............267,807 .................... .......(12,570) ...................... ..........(12,570) ................... .............255,237 .................. ....................... ....................0 ............6,489 04/25/2033<br />
22541S AN 8 CS FIRST BOSTON MTG 04-1 CL 3A................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............51,893 .............51,893 ..............58,380 ..............53,487 .................... .........(1,594) ...................... ............(1,594) ................... ...............51,893 .................. ....................... ....................0 ............1,571 02/25/2034<br />
225470 FJ 7 CS FIRST BOSTON MTGE SEC CSFB.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............68,089 .............68,089 ..............68,311 ..............68,119 .................... ..............(30) ...................... .................(30) ................... ...............68,089 .................. ....................... ....................0 ............2,406 11/25/2035<br />
22541Q HV 7 CS FRT BOST MTG SECS 03-17 CL.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........273,547 ...........273,547 ............294,616 ............279,470 .................... .........(5,923) ...................... ............(5,923) ................... .............273,547 .................. ....................... ....................0 ............7,658 06/25/2033<br />
2254W0 BZ 7 CS FRT BST MTG ACP CRP 02-34 C................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............35,448 .............35,448 ..............55,702 ..............36,566 .................... .........(1,117) ...................... ............(1,117) ................... ...............35,448 .................. ....................... ....................0 ............1,082 12/25/2032<br />
22540V G7 1 CSFB MTG SECS CORP 2002-9 1A2................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........222,313 ...........222,313 ............320,283 ............256,268 .................... .......(33,954) ...................... ..........(33,954) ................... .............222,313 .................. ....................... ....................0 ............7,511 03/25/2032<br />
126380 AA 2 CSMC MTG BACKED TR 2006-9 CL 1............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............53,629 .............53,629 ..............53,198 ..............53,604 .................... ...............25 ...................... ..................25 ................... ...............53,629 .................. ....................... ....................0 ............1,747 11/25/2036<br />
225475 AA 0 CSMC 2007-1R CTF CL A 144A.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,449 ...............3,449 ................3,451 ................3,450 .................... ................(1) ...................... ...................(1) ................... .................3,449 .................. ....................... ....................0 ...............178 10/25/2030<br />
12638V AC 0 CSN ISLANDS VI CORP SER 2004-1................. ... 11/03/2008. SCHEDULED REPAYMENT...... ........................... ........2,908,947 ........2,908,947 .........2,908,947 .........2,908,947 .................... .................... ...................... ....................0 ................... ..........2,908,947 .................. ....................... ....................0 ........134,280 05/03/2012<br />
12641L BN 2 CSX CORP MTN.................................................. ... 06/02/2008. MATURED.................................. ........................... ........4,300,000 ........4,300,000 .........3,962,135 .........4,277,245 .................... ........22,755 ...................... ...........22,755 ................... ..........4,300,000 .................. ....................... ....................0 ........210,401 06/02/2008<br />
12641L BS 1 CSX CORP MTN.................................................. ... 09/16/2008. MATURED.................................. ........................... ......15,000,000 ......15,000,000 .......13,158,600 .......14,790,291 .................... ......209,709 ...................... .........209,709 ................... ........15,000,000 .................. ....................... ....................0 .....1,000,000 09/16/2008<br />
126408 GM 9 CSX CORP NT..................................................... ... 07/31/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........5,594,700 ........6,000,000 .........5,977,500 .........5,977,980 .................... .............941 ...................... ................941 ................... ..........5,978,921 .................. ........(384,221) ........(384,221) ........341,667 03/15/2018<br />
12641L BM 4 CSX CORP SER B MTN NT................................ ... 05/19/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,664,100 .........9,979,861 .................... ........20,139 ...................... ...........20,139 ................... ........10,000,000 .................. ....................... ....................0 ........472,283 05/19/2008<br />
126624 AC 9 CVRD FIN LTD 144A NTS................................... F. 10/15/2008. SCHEDULED REPAYMENT...... ........................... ........2,765,453 ........2,765,453 .........2,765,453 .........2,765,453 .................... .................... ...................... ....................0 ................... ..........2,765,453 .................. ....................... ....................0 ........155,980 10/15/2010<br />
126650 AN 0 CVS CORP 144A PSTHR CTF............................ ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........268,173 ...........268,173 ............265,701 ............268,156 .................... ...............17 ...................... ..................17 ................... .............268,173 .................. ....................... ....................0 ............9,097 10/10/2025<br />
126650 AQ 3 CVS CORP 144A PSTHR CTF............................ ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........427,931 ...........427,931 ............425,856 ............427,916 .................... ...............15 ...................... ..................15 ................... .............427,931 .................. ....................... ....................0 ..........13,537 01/10/2026<br />
126650 BF 6 CVS CORP 144A PSTHR CTF............................ ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........299,234 ...........299,234 ............298,781 ............299,221 .................... ...............12 ...................... ..................12 ................... .............299,234 .................. ....................... ....................0 ............9,873 12/10/2028<br />
126650 AL 4 CVS CORP 144A PSTHR CTFS.......................... ... 12/10/2008. UNASSIGNED REPAYMENT.... ........................... ...........227,809 ...........227,809 ............227,809 ............227,809 .................... .................... ...................... ....................0 ................... .............227,809 .................. ....................... ....................0 ............7,619 01/10/2013<br />
126673 JE 3 CWABS INC 04-10 MF-3 HEL.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........564,227 ...........564,227 ............564,202 ............564,229 .................... ................(2) ...................... ...................(2) ................... .............564,227 .................. ....................... ....................0 ............6,516 09/25/2034<br />
126673 JF 0 CWABS INC 04-10 MF-4 HEL.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........215,741 ...........215,741 ............215,731 ............215,742 .................... ................(1) ...................... ...................(1) ................... .............215,741 .................. ....................... ....................0 ............6,942 08/25/2034<br />
126673 JG 8 CWABS INC 04-10 MF-5 HEL.............................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............79,904 .............79,904 ..............79,899 ..............79,904 .................... .................... ...................... ....................0 ................... ...............79,904 .................. ....................... ....................0 ............2,247 07/25/2034<br />
126673 NF 5 CWABS INC 04-12 MF1 ABS............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........953,629 ...........953,629 ............955,672 ............955,103 .................... .........(1,473) ...................... ............(1,473) ................... .............953,629 .................. ....................... ....................0 ..........20,082 03/25/2035<br />
126673 FY 3 CWABS INC 04-9 AF4 HEL................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........136,374 ...........136,374 ............136,370 ............136,378 .................... ................(3) ...................... ...................(3) ................... .............136,374 .................. ....................... ....................0 ............6,041 10/25/2032<br />
126673 GC 0 CWABS INC 04-9 MF2 HEL................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........673,486 ...........673,486 ............673,471 ............673,486 .................... .................... ...................... ....................0 ................... .............673,486 .................. ....................... ....................0 ............9,046 11/25/2034<br />
126671 UQ 7 CWABS INC 2002-6 CL AF6 ABS CT.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........740,540 ...........740,540 ............740,511 ............740,522 .................... ...............18 ...................... ..................18 ................... .............740,540 .................. ....................... ....................0 ..........15,069 03/25/2033<br />
126671 R5 7 CWABS INC 2003-5 CL MF-2 HEL...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........269,208 ...........269,208 ............269,202 ............269,209 .................... ................(1) ...................... ...................(1) ................... .............269,208 .................. ....................... ....................0 ............8,028 11/25/2033<br />
126671 R6 5 CWABS INC 2003-5 CL MF-3 HEL...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........107,683 ...........107,683 ............107,681 ............107,683 .................... .................... ...................... ....................0 ................... .............107,683 .................. ....................... ....................0 ............3,291 09/25/2033
E14.22<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
126671 R7 3 CWABS INC 2003-5 CL MF-4 HEL...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........107,683 ...........107,683 ............107,647 ............107,683 .................... .................... ...................... ....................0 ................... .............107,683 .................. ....................... ....................0 ............3,368 08/25/2033<br />
126671 R8 1 CWABS INC 2003-5 CL MF-5 HEL...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........269,208 ...........269,208 ............262,824 ............269,199 .................... .................9 ...................... ....................9 ................... .............269,208 .................. ....................... ....................0 ............8,420 06/25/2033<br />
126673 NG 3 CWABS INC 2004-12 MF2 ABS........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,516,271 ........1,516,271 .........1,518,438 .........1,518,438 .................... .........(2,167) ...................... ............(2,167) ................... ..........1,516,271 .................. ....................... ....................0 ..........23,870 01/25/2035<br />
126671 5Z 5 CWABS 04-BC1N N ABS..................................... ... 09/25/2008. SCHEDULED REPAYMENT...... ........................... ..................836 ..................836 ...................827 ...................836 .................... .................... ...................... ....................0 ................... ....................836 .................. ....................... ....................0 .................16 04/25/2035<br />
23245L BC 3 CWALT ALT LN 06 J8 M CMO............................. ... 12/31/2008. VARIOUS................................... ........................... .............29,364 .............29,364 ..............15,085 ..............29,364 .................... .................... ...................... ....................0 ................... ...............29,364 .................. ....................... ....................0 ...............968 02/25/2037<br />
12668B CV 3 CWALT INC 05-77T1 1M CMO............................ ... 12/01/2008. VARIOUS................................... ........................... .............19,538 .............19,538 ................2,977 ..............19,538 .................... ................(1) ...................... ...................(1) ................... ...............19,538 .................. ....................... ....................0 ............1,075 02/25/2036<br />
12668B KT 9 CWALT INC 06-J1 M CMO.................................. ... 12/31/2008. VARIOUS................................... ........................... ...........130,509 ...........130,509 ............112,596 ............130,565 .................... ..............(56) ...................... .................(56) ................... .............130,509 .................. ....................... ....................0 ............3,662 02/25/2036<br />
12668A YS 8 CWALT INC 2005-57CV CL 4A3 CMO................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,657 ...............4,657 ................4,656 ................4,657 .................... .................... ...................... ....................0 ................... .................4,657 .................. ....................... ....................0 ...............127 12/25/2035<br />
12668A XX 8 CWALT INC 2005-63 CL B3 VR RT..................... ... 12/31/2008. VARIOUS................................... ........................... .............13,590 .............13,590 ................4,881 ..............13,473 .................... .............117 ...................... ................117 ................... ...............13,590 .................. ....................... ....................0 ...............456 12/25/2035<br />
12667F SV 8 CWALT 2004-J7 CL 1A2...................................... ... 02/20/2008. VARIOUS................................... ........................... .............58,765 .............59,000 ..............58,362 ..............58,499 .................... .................3 ...................... ....................3 ................... ...............58,375 .................. ................390 ................390 ...............583 08/25/2034<br />
12667F YV 1 CWALT 2004-28CB CL 6A1................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,505 ...............5,505 ................5,499 ................5,504 .................... .................1 ...................... ....................1 ................... .................5,505 .................. ....................... ....................0 ...............168 01/25/2035<br />
12667G 5G 4 CWALT 2005-40CB CLA1 ALT-A......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............38,981 .............38,981 ..............38,599 ..............38,949 .................... ...............33 ...................... ..................33 ................... ...............38,981 .................. ....................... ....................0 ............1,066 10/25/2035<br />
12668V AC 3 CWHEQ HEL TR 06 S7 A3 HEL.......................... ... 05/02/2008. CANTOR FITZGERALD SECURITIES ........................... ...............9,500 .............25,000 ..............24,881 ..............24,884 .................... .................2 ...................... ....................2 ................... ...............24,886 .................. ..........(15,386) ..........(15,386) ...............619 11/25/2035<br />
126683 AC 5 CWHEQ HOME EQUITY LN TR SER 20............. ... 05/05/2008. CANTOR FITZGERALD SECURITIES ........................... .............20,000 .............50,000 ..............49,876 ..............49,878 .................... .................2 ...................... ....................2 ................... ...............49,880 .................. ..........(29,880) ..........(29,880) ............1,256 06/25/2035<br />
12669F V9 1 CWMBS INC 04-HYB4 M CMO........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,751 ...............2,751 ................2,742 ................2,755 .................... ................(4) ...................... ...................(4) ................... .................2,751 .................. ....................... ....................0 .................64 09/20/2034<br />
12669C Q3 7 CWMBS INC 2002-11 CL CB2 ALT L.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,061,380 ........2,061,380 .........2,097,306 .........2,074,859 .................... .......(13,479) ...................... ..........(13,479) ................... ..........2,061,380 .................. ....................... ....................0 ..........58,030 08/25/2032<br />
12669E 4S 2 CWMBS INC 2003-51 CL 3A1 ALT L................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........773,038 ...........773,038 ............778,854 ............773,115 .................... ..............(77) ...................... .................(77) ................... .............773,038 .................. ....................... ....................0 ..........21,029 10/25/2033<br />
12669F Z5 5 CWMBS INC 2004-J6 3A1 CMO.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,723,968 ........1,723,968 .........1,735,607 .........1,725,598 .................... .........(1,631) ...................... ............(1,631) ................... ..........1,723,968 .................. ....................... ....................0 ..........39,078 08/25/2019<br />
12669F P2 3 CWMBS INC 2004-12 CL 1M VR RT................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,591 ...............2,591 ................2,591 ................2,592 .................... ................(1) ...................... ...................(1) ................... .................2,591 .................. ....................... ....................0 .................29 08/25/2034<br />
126694 GV 4 CWMBS INC 2005-23 CL A2 CMO...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,239,027 ........1,239,027 .........1,234,855 .........1,239,781 .................... ............(754) ...................... ...............(754) ................... ..........1,239,027 .................. ....................... ....................0 ..........35,776 11/25/2035<br />
126694 4E 5 CWMBS INC 2006-HYB3 CL 3A1A...................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,495 ...............5,495 ................5,500 ................5,495 .................... ................(1) ...................... ...................(1) ................... .................5,495 .................. ....................... ....................0 ...............185 05/20/2036<br />
126694 XC 7 CWMBS INC 2006-1 CLA2................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,770 ...............3,770 ................3,765 ................3,770 .................... .................... ...................... ....................0 ................... .................3,770 .................. ....................... ....................0 .................99 03/25/2036<br />
12670A AM 3 CWMBS MTG PSTHR TR 06 14 B2 CM.............. ... 12/31/2008. VARIOUS................................... ........................... .............11,722 .............11,722 ................8,473 ..............11,279 .................... .............443 ...................... ................443 ................... ...............11,722 .................. ....................... ....................0 ...............374 09/25/2036<br />
12669Y AP 7 CWMBS MTG PSTHR 06 J4 B2 CMO................. ... 12/31/2008. VARIOUS................................... ........................... .............12,698 .............12,698 ................8,132 ..............12,698 .................... .................... ...................... ....................0 ................... ...............12,698 .................. ....................... ....................0 ...............434 09/25/2036<br />
12669Y AQ 5 CWMBS MTG PSTHR 06 J4 B3 144A................. ... 12/01/2008. VARIOUS................................... ........................... ...............7,937 ...............7,937 ................4,807 ................6,800 .................... .................... ...................... ....................0 ................... .................7,937 .................. ....................... ....................0 ...............271 09/25/2035<br />
12669M AH 1 CWMBS 07 J1 CL B2 CMO.................................. ... 12/31/2008. VARIOUS................................... ........................... .............11,591 .............11,591 ................7,726 ..............11,591 .................... .................... ...................... ....................0 ................... ...............11,591 .................. ....................... ....................0 ...............385 02/25/2037<br />
12669M AG 3 CWMBS 07-J1 CL B1 CMO................................. ... 12/31/2008. VARIOUS................................... ........................... .............16,857 .............16,857 ..............11,616 ..............16,857 .................... .................... ...................... ....................0 ................... ...............16,857 .................. ....................... ....................0 ...............559 02/25/2037<br />
232820 AB 6 CYTEC INDUSTRIES NTS.................................. ... 03/15/2008. MATURED.................................. ........................... ......11,500,000 ......11,500,000 .......10,735,986 .......11,475,363 .................... ........24,637 ...................... ...........24,637 ................... ........11,500,000 .................. ....................... ....................0 ........388,125 03/15/2008<br />
000000 00 0 DAIMLER CHRYSLER FINANCIAL FIR.............. ... 02/22/2008. JP MORGAN.............................. ........................... ........2,157,094 ........2,493,750 .........2,369,063 .........2,373,553 .................... ..........2,133 ...................... .............2,133 ................... ..........2,375,686 .................. ........(218,592) ........(218,592) ..........48,574 12/31/2014<br />
233835 AV 9 DAIMLER CHRYSLER NA HLDG CORP............ ... 06/04/2008. MATURED.................................. ........................... ......11,000,000 ......11,000,000 .......10,624,460 .......10,961,154 .................... ........38,846 ...................... ...........38,846 ................... ........11,000,000 .................. ....................... ....................0 ........222,750 06/04/2008<br />
23383V DC 1 DAIMLERCHRYSLER AUTO TR 2005-B............ ... 06/08/2008. SCHEDULED REPAYMENT...... ........................... .............43,907 .............43,907 ..............43,602 ..............43,765 .................... .............142 ...................... ................142 ................... ...............43,907 .................. ....................... ....................0 ...............490 09/08/2009<br />
23383F BS 3 DAIMLERCHRYSLER NA MTN SER E F............ ... 07/30/2008. JP MORGAN.............................. ........................... .............19,792 .............20,000 ..............20,057 ..............20,046 .................... ..............(17) ...................... .................(17) ................... ...............20,029 .................. ...............(237) ...............(237) ...............613 08/03/2009<br />
23406# AA 6 DAK AMERICAS (GRUPO PETROTEMEX......... ... 06/23/2008. SCHEDULED REPAYMENT...... ........................... ........1,285,714 ........1,285,714 .........1,285,714 .........1,285,714 .................... .................... ...................... ....................0 ................... ..........1,285,714 .................. ....................... ....................0 ..........44,036 06/23/2014<br />
23583* BX 4 DANA CREDIT CORP SR NT.............................. ... 01/31/2008. DIRECT WITH COMPANY......... ........................... ........7,593,998 ........7,593,998 .........7,593,998 .........7,593,998 .................... .................... ...................... ....................0 ................... ..........7,593,998 .................. ....................... ....................0 ........141,838 12/18/2008<br />
235851 AB 8 DANAHER CORPORATION BD.......................... ... 10/15/2008. MATURED.................................. ........................... ......18,000,000 ......18,000,000 .......17,903,340 .......17,990,043 .................... ..........9,957 ...................... .............9,957 ................... ........18,000,000 .................. ....................... ....................0 .....1,080,000 10/15/2008<br />
237194 AD 7 DARDEN RESTAURANTS INC NT..................... ... 06/25/2008. JP MORGAN.............................. ........................... ......11,659,320 ......12,000,000 .......11,673,981 .......11,761,479 .................... ........27,190 ...................... ...........27,190 ................... ........11,788,670 .................. ........(129,350) ........(129,350) ........511,875 08/15/2010<br />
237194 AE 5 DARDEN RESTAURANTS INC NT..................... ... 06/25/2008. JP MORGAN.............................. ........................... ........3,813,100 ........5,000,000 .........4,945,750 .........4,951,072 .................... .............352 ...................... ................352 ................... ..........4,951,424 .................. .....(1,138,324) .....(1,138,324) ........262,500 08/15/2035<br />
239753 DM 5 DAYTON HUDSON CORP NT............................. ... 11/01/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 .........1,086,600 .........1,013,043 .................... .......(13,043) ...................... ..........(13,043) ................... ..........1,000,000 .................. ....................... ....................0 ..........58,750 11/01/2008<br />
241912 AA 2 DEAN WITTER MTG DWMC 1 P-O SEQ............ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,818 ...............1,818 ................1,524 ................1,820 .................... ................(3) ...................... ...................(3) ................... .................1,818 .................. ....................... ....................0 .................62 12/01/2016<br />
244098 AA 7 DEER PARK REFINING LP 144A SR.................. ... 12/15/2008. VARIOUS................................... ........................... ........2,860,156 ........2,860,156 .........3,219,118 .........2,850,462 .................... ..........9,694 ...................... .............9,694 ................... ..........2,860,156 .................. ....................... ....................0 ........138,789 12/15/2008<br />
24713# AC 8 DELOITTE & TOUCHE LLP SER B GT............... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........953,855 ...........953,855 ............949,868 ............953,852 .................... .................3 ...................... ....................3 ................... .............953,855 .................. ....................... ....................0 ..........70,681 10/01/2011<br />
251510 LM 3 DEUTSCHE ALT A SECS INC 06-AR1............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........279,013 ...........279,013 ............276,711 .......................... .................... .............584 ...................... ................584 ................... .............279,013 .................. ....................... ....................0 ............4,938 02/25/2036<br />
251510 CT 8 DEUTSCHE ALT A SECS INC 2003-4................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........439,649 ...........439,649 ............439,647 ............439,635 .................... ...............13 ...................... ..................13 ................... .............439,649 .................. ....................... ....................0 ..........12,162 10/25/2033<br />
251510 KR 3 DEUTSCHE ALT A SECS 05-6 M CMO.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............89,378 .............89,378 ..............88,691 ..............89,386 .................... ................(8) ...................... ...................(8) ................... ...............89,378 .................. ....................... ....................0 ............2,515 12/25/2035<br />
251563 EM 0 DEUTSCHE MTG SECS MTG 04-4 IA4.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........603,804 ...........603,804 ............603,703 ............603,762 .................... ...............41 ...................... ..................41 ................... .............603,804 .................. ....................... ....................0 ..........18,281 04/25/2034<br />
251563 DM 1 DEUTSCHE MTG SECS 04-2 A6 CMO............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........480,389 ...........480,389 ............480,349 ............480,375 .................... ...............14 ...................... ..................14 ................... .............480,389 .................. ....................... ....................0 ..........11,236 01/25/2034<br />
25179S AC 4 DEVON ENERGY CORP BD............................... ... 06/12/2008. JP MORGAN.............................. ........................... ........5,259,050 ........5,000,000 .........4,941,704 .........4,968,560 .................... ..........3,452 ...................... .............3,452 ................... ..........4,972,013 .................. .........287,037 .........287,037 ........245,399 09/30/2011<br />
252398 AB 8 DFS FDG CORP 2005B SR SEC NTS................ F. 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........2,625,000 ........2,625,000 .........2,625,000 .........2,625,000 .................... .................... ...................... ....................0 ................... ..........2,625,000 .................. ....................... ....................0 ........146,288 06/15/2012<br />
252398 AC 6 DFS FDG CORP 2005C SR SEC NT................... F. 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........3,333,333 ........3,333,333 .........3,333,333 .........3,333,333 .................... .................... ...................... ....................0 ................... ..........3,333,333 .................. ....................... ....................0 ........125,372 06/15/2010<br />
25244# AA 7 DHC JP COUNTRY VILLAGE DEV DEF............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........133,057 ...........133,057 ............133,057 ............133,057 .................... .................... ...................... ....................0 ................... .............133,057 .................. ....................... ....................0 ............4,298 06/01/2024<br />
25244@ AA 9 DHC JP COUNTRY VLG DEV II DEFE............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............43,947 .............43,947 ..............43,947 ..............43,947 .................... .................... ...................... ....................0 ................... ...............43,947 .................. ....................... ....................0 ............1,359 06/01/2014<br />
25242@ AA 1 DHC JP CTRY VLG ACQ DEFEASANCE........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........160,426 ...........160,426 ............160,426 ............160,426 .................... .................... ...................... ....................0 ................... .............160,426 .................. ....................... ....................0 ............4,925 01/01/2031<br />
25241* AA 4 DHC JP LERAY HSG DEFEASANCE LL............ ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........888,624 ...........888,624 ............888,624 ............888,624 .................... .................... ...................... ....................0 ................... .............888,624 .................. ....................... ....................0 ..........57,921 11/15/2010<br />
25241@ AA 2 DHC JP SHERIDAN EAST DEFEASANC........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........230,597 ...........230,597 ............230,597 ............230,597 .................... .................... ...................... ....................0 ................... .............230,597 .................. ....................... ....................0 ............7,436 01/01/2013
E14.23<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
25247* AA 8 DHC LNL BEDFORD RET RES DEFEAS........... ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........246,762 ...........246,762 ............246,762 ............246,762 .................... .................... ...................... ....................0 ................... .............246,762 .................. ....................... ....................0 ............7,834 04/10/2025<br />
25246@ AA 7 DHC LNL GWINNETT MED DEFEASANC.......... ... 12/05/2008. SCHEDULED REPAYMENT...... ........................... ...........166,380 ...........166,380 ............166,380 ............166,380 .................... .................... ...................... ....................0 ................... .............166,380 .................. ....................... ....................0 ............5,072 08/05/2013<br />
25248# AA 3 DHC LNL KNOXVILLE FOREST RIDGE............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........301,970 ...........301,970 ............301,970 ............301,970 .................... .................... ...................... ....................0 ................... .............301,970 .................. ....................... ....................0 ..........11,240 01/01/2013<br />
25247# AA 4 DHC LNL OAKMONT RET RES DEFEAS........... ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........149,882 ...........149,882 ............149,882 ............149,882 .................... .................... ...................... ....................0 ................... .............149,882 .................. ....................... ....................0 ............4,618 08/10/2026<br />
28253@ AA 1 DHC LNL QUAIL RIDGE DEFEASANCE............ ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,339,026 ........1,339,026 .........1,342,214 .........1,339,109 .................... ..............(83) ...................... .................(83) ................... ..........1,339,026 .................. ....................... ....................0 ..........66,545 07/15/2010<br />
25247@ AA 6 DHC LNL ROSEBURG RET RES DEFEA........... ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........295,471 ...........295,471 ............295,471 ............295,471 .................... .................... ...................... ....................0 ................... .............295,471 .................. ....................... ....................0 ............9,186 03/10/2016<br />
25243Y AL 3 DIAGEO CAPITAL PLC GTD NT......................... ... 05/19/2008. DAIN RAUSCHER WESSELS... ........................... ...............2,043 ...............2,000 ................1,998 ................1,998 .................... .................... ...................... ....................0 ................... .................1,998 .................. ..................45 ..................45 .................60 01/30/2013<br />
254012 AA 5 DIGNITY PARTNERS FNDG CP SR NT............. ... 10/10/2008. VARIOUSP................................. ........................... ...........134,284 ......................... ............134,284 ............134,284 .................... .................... ...................... ....................0 ................... .............134,284 .................. ....................... ....................0 ...................... 03/10/2005<br />
25469# AB 3 DISCOVERY COMMUNICATIONS SER B.......... ... 03/09/2008. MATURED.................................. ........................... ......20,000,000 ......20,000,000 .......20,000,000 .......20,000,000 .................... .................... ...................... ....................0 ................... ........20,000,000 .................. ....................... ....................0 ........806,000 03/09/2008<br />
256605 AJ 5 DOLE FOOD CO INC SR NT............................... ... 05/12/2008. VARIOUS................................... ........................... ...........561,344 ...........575,000 ............514,055 ............583,847 .................... ..........6,147 .........82,007 ..........(75,860) ................... .............507,987 .................. ...........53,357 ...........53,357 ..........26,725 05/01/2009<br />
257661 AE 8 DONALDSON LUFKIN & JENRETTE IN............. ... 04/01/2008. MATURED.................................. ........................... ........1,925,000 ........1,925,000 .........1,961,556 .........1,926,763 .................... .........(1,763) ...................... ............(1,763) ................... ..........1,925,000 .................. ....................... ....................0 ..........62,563 04/01/2008<br />
233244 AH 5 DOT HDQTRS LS BK MTG FIN TR A-................ ... 12/07/2008. SCHEDULED REPAYMENT...... ........................... ...........209,730 ...........209,730 ............177,691 ............209,699 .................... ...............31 ...................... ..................31 ................... .............209,730 .................. ....................... ....................0 ............6,409 12/07/2021<br />
23338* AA 3 DR LEASE TRUST 97 CL-A WALMART............. ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........161,876 ...........161,876 ............161,876 ............161,876 .................... .................... ...................... ....................0 ................... .............161,876 .................. ....................... ....................0 ............9,186 01/15/2017<br />
261915 AC 6 DREXEL BURNHAM CMO TR DBL F 3.............. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............70,202 .............70,202 ..............70,120 ..............70,202 .................... .................... ...................... ....................0 ................... ...............70,202 .................. ....................... ....................0 ............4,122 03/01/2017<br />
264414 AS 2 DUKE REALTY LTD PARTNERSHIP NT............ ... 05/30/2008. MATURED.................................. ........................... ........9,500,000 ........9,500,000 .........9,720,665 .........9,521,169 .................... .......(21,169) ...................... ..........(21,169) ................... ..........9,500,000 .................. ....................... ....................0 ........320,625 05/30/2008<br />
263534 BS 7 DUPONT EI DE NEMOURS & CO NT................. ... 05/08/2008. VARIOUS................................... ........................... .............25,744 .............25,000 ..............24,946 ..............24,946 .................... .................2 ...................... ....................2 ................... ...............24,948 .................. ................796 ................796 ...............371 01/15/2013<br />
271790 AB 3 EAST COAST POWER LLC SR SEC NT............ ... 03/31/2008. MATURED.................................. ........................... ...........279,522 ...........279,522 ............279,522 ............279,522 .................... .................... ...................... ....................0 ................... .............279,522 .................. ....................... ....................0 ..........13,192 03/31/2008<br />
271790 AD 9 EAST COAST POWER LLC SR SEC NT............ ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ...........457,140 ...........457,140 ............457,140 ............457,140 .................... .................... ...................... ....................0 ................... .............457,140 .................. ....................... ....................0 ..........28,730 03/31/2012<br />
277432 AE 0 EASTMAN CHEMICAL COMPANY NT............... ... 08/14/2008. LEHMAN BROTHERS............... ........................... ........7,245,000 ........7,000,000 .........7,717,150 .........7,378,201 .................... .......(50,589) ...................... ..........(50,589) ................... ..........7,327,612 .................. ..........(82,612) ..........(82,612) ........413,778 04/15/2012<br />
29102* AA 4 EMERSON CAPITAL CORP (SER D SE............. ... 07/01/2008. MATURED.................................. ........................... ...........228,673 ...........228,673 ............228,673 ............228,673 .................... .................... ...................... ....................0 ................... .............228,673 .................. ....................... ....................0 ..........22,410 07/01/2008<br />
29102* AC 0 EMERSON CAPITAL CORP SEC LOAN............ ... 07/01/2008. MATURED.................................. ........................... ...........249,480 ...........249,480 ............280,888 ............248,839 .................... .............641 ...................... ................641 ................... .............249,480 .................. ....................... ....................0 ..........26,195 07/01/2008<br />
292505 AF 1 ENCANA CORP NT.............................................. ... 01/07/2008. VARIOUS................................... ........................... .............10,252 .............10,000 ................9,983 ................9,983 .................... .................... ...................... ....................0 ................... .................9,983 .................. ................269 ................269 .................58 12/01/2017<br />
293561 D* 4 ENRON CORP TR A SER B CNVTD IN.............. ... 05/25/2008. MATURED.................................. ........................... ...............6,020 ...............6,020 ................6,020 .......................... .................... .................... ...................... ....................0 ................... .................6,020 .................. ....................... ....................0 ...............301 05/25/2008<br />
293561 E# 9 ENRON CORP TR B SER B CNVTD IN.............. ... 05/25/2008. MATURED.................................. ........................... ...............4,245 ...............4,245 ................4,245 ................4,245 .................... .................... ...................... ....................0 ................... .................4,245 .................. ....................... ....................0 ...............213 05/25/2008<br />
293561 F# 8 ENRON CORP TR C SER B CNVTD IN.............. ... 05/25/2008. MATURED.................................. ........................... ...............3,861 ...............3,861 ................3,861 ................3,861 .................... .................... ...................... ....................0 ................... .................3,861 .................. ....................... ....................0 ...............193 05/25/2008<br />
293561 G# 7 ENRON CORP TR D SER B CNVTD IN.............. ... 05/25/2008. MATURED.................................. ........................... ...............4,775 ...............4,775 ................4,775 .......................... .................... .................... ...................... ....................0 ................... .................4,775 .................. ....................... ....................0 ...............239 05/25/2008<br />
293561 H# 6 ENRON CORP TR E SER B CNVTD IN.............. ... 05/25/2008. MATURED.................................. ........................... ...............5,534 ...............5,534 ................5,534 .......................... .................... .................... ...................... ....................0 ................... .................5,534 .................. ....................... ....................0 ...............277 05/25/2008<br />
29356J AA 5 ENSCO OFFSHORE CO US GOV GUARN........ ... 10/15/2008. CALLED AT 100......................... ........................... ...........577,000 ...........577,000 ............577,000 ............577,000 .................... .................... ...................... ....................0 ................... .............577,000 .................. ....................... ....................0 ..........19,925 10/15/2020<br />
293791 AN 9 ENTERPRISE PROD OPERATING LP S............ ... 07/23/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............4,824 ...............5,000 ................4,896 ................4,899 .................... .................7 ...................... ....................7 ................... .................4,906 .................. .................(82) .................(82) ...............220 10/15/2014<br />
29379V AC 7 ENTERPRISE PRODS OPER LLC GTD............. ... 09/23/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............4,821 ...............5,000 ................4,993 .......................... .................... .................... ...................... ....................0 ................... .................4,994 .................. ...............(173) ...............(173) ...............157 01/31/2019<br />
26882P BE 1 ERAC USA FINANCE CO GTD 144A N.............. ... 02/27/2008. JP MORGAN.............................. ........................... ...............9,804 .............12,000 ..............11,896 ..............11,896 .................... .................... ...................... ....................0 ................... ...............11,896 .................. ............(2,092) ............(2,092) ...............311 10/15/2037<br />
26882P AQ 5 ERAC USA FINANCE CO SER 144A N.............. ... 06/15/2008. MATURED.................................. ........................... ......44,815,000 ......44,815,000 .......45,199,250 .......44,851,302 .................... .......(36,302) ...................... ..........(36,302) ................... ........44,815,000 .................. ....................... ....................0 .....1,646,951 06/15/2008<br />
29481# AA 1 ERGON INC SR GTD NTS.................................. ... 05/31/2008. SCHEDULED REPAYMENT...... ........................... ........2,500,000 ........2,500,000 .........2,500,000 .........2,500,000 .................... .................... ...................... ....................0 ................... ..........2,500,000 .................. ....................... ....................0 ..........89,750 05/31/2011<br />
29481# AB 9 ERGON INC SR NTS........................................... ... 02/10/2008. VARIOUS................................... ........................... ...........700,000 ...........700,000 ............700,000 ............700,000 .................... .................... ...................... ....................0 ................... .............700,000 .................. ....................... ....................0 ............9,048 02/10/2015<br />
811054 AD 7 EW SCRIPPS CO SR NTS.................................. ... 06/05/2008. CALLED AT 102.41.................... ........................... ......20,482,000 ......20,000,000 .......19,865,200 .......19,961,010 .................... ..........8,211 ...................... .............8,211 ................... ........19,969,221 .................. .........512,779 .........512,779 ........394,306 12/15/2009<br />
30215* AL 2 EXPLORER PIPELINE CO SER K SR................ ... 07/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,000,000 ........1,000,000 .........1,000,000 .........1,000,000 .................... .................... ...................... ....................0 ................... ..........1,000,000 .................. ....................... ....................0 ..........67,600 07/31/2017<br />
30217V AA 5 EXPRESS PIPELINE SR NTS 144A................... ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........2,356,833 ........2,356,833 .........2,121,622 .........2,354,748 .................... ..........2,086 ...................... .............2,086 ................... ..........2,356,833 .................. ....................... ....................0 ........186,266 12/31/2011<br />
30217V AC 1 EXPRESS PIPELINE SUB NTS 144A................. ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ...........600,000 ...........600,000 ............600,000 ............600,000 .................... .................... ...................... ....................0 ................... .............600,000 .................. ....................... ....................0 ..........55,425 12/31/2019<br />
309588 AC 5 FARMENRS EXCHANGE CP.............................. ... 11/01/2008. TRANSFER TO SCH BA............ ........................... ........8,866,630 ........8,605,000 .........8,888,634 .........8,872,101 .................... .........(5,471) ...................... ............(5,471) ................... ..........8,866,630 .................. ....................... ....................0 ........606,652 07/15/2028<br />
309601 AA 0 FARMERS INSURANCE EXCHANGE................ ... 11/01/2008. TRANSFER TO SCH BA............ ........................... ......13,536,422 ......11,708,000 .......13,704,304 .......13,590,455 .................... .......(54,033) ...................... ..........(54,033) ................... ........13,536,422 .................. ....................... ....................0 .....1,009,815 05/01/2024<br />
31331F AN 1 FEDERAL EXPRESS CORP CTFS PSTH.......... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........474,084 ...........474,084 ............441,177 ............474,059 .................... ...............25 ...................... ..................25 ................... .............474,084 .................. ....................... ....................0 ..........16,854 01/02/2014<br />
31331F AY 7 FEDERAL EXPRESS CORP PSTHR TR............ ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........311,837 ...........311,837 ............319,444 ............311,944 .................... ............(107) ...................... ...............(107) ................... .............311,837 .................. ....................... ....................0 ..........11,932 01/15/2019<br />
31331F AC 5 FEDERAL EXPRESS CORP SER B1 CT............ ... 01/01/2008. MATURED.................................. ........................... ...........298,297 ...........298,297 ............298,297 ............298,297 .................... .................... ...................... ....................0 ................... .............298,297 .................. ....................... ....................0 ............9,963 01/01/2008<br />
31331F AE 1 FEDERAL EXPRESS CORP SER C1 DB........... ... 03/28/2008. SCHEDULED REPAYMENT...... ........................... ........1,253,128 ........1,253,128 .........1,095,884 .........1,251,624 .................... ..........1,504 ...................... .............1,504 ................... ..........1,253,128 .................. ....................... ....................0 ..........44,799 09/28/2012<br />
31331F AV 3 FEDERAL EXPRESS CORP SER 97-B.............. ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... ...........229,497 ...........229,497 ............233,205 ............229,511 .................... ..............(15) ...................... .................(15) ................... .............229,497 .................. ....................... ....................0 ............8,629 01/15/2018<br />
31331F BA 8 FEDERAL EXPRESS CORP SER 99-1A............ ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........132,555 ...........132,555 ............139,568 ............132,623 .................... ..............(68) ...................... .................(68) ................... .............132,555 .................. ....................... ....................0 ............5,723 07/15/2024<br />
31331F AJ 0 FEDERAL EXPRESS CORP SER-A3 CT........... ... 09/23/2008. SCHEDULED REPAYMENT...... ........................... ........1,800,754 ........1,800,754 .........1,747,552 .........1,800,235 .................... .............520 ...................... ................520 ................... ..........1,800,754 .................. ....................... ....................0 ........118,762 03/23/2010<br />
31331F AX 9 FEDERAL EXPRESS PTC SER 981A................. ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........169,059 ...........169,059 ............161,028 ............168,999 .................... ...............61 ...................... ..................61 ................... .............169,059 .................. ....................... ....................0 ............6,463 01/15/2022<br />
31331F AA 9 FEDERAL EXPRESS 1993 TRUST SER............ ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 .................52 11/22/2007<br />
31435* AA 8 FELLOWES INC SR NT....................................... ... 08/07/2008. SCHEDULED REPAYMENT...... ........................... ........3,465,000 ........3,465,000 .........3,465,000 .........3,465,000 .................... .................... ...................... ....................0 ................... ..........3,465,000 .................. ....................... ....................0 ........164,934 08/07/2015<br />
G3144# AB 6 FENNER INTL LTD.............................................. F. 06/01/2008. CALLED AT 100......................... ........................... ........1,436,364 ........1,436,364 .........1,436,364 .........1,436,364 .................... .................... ...................... ....................0 ................... ..........1,436,364 .................. ....................... ....................0 ..........52,355 06/01/2012<br />
302915 AA 1 FGIC CORP 144A BD.......................................... ... 12/12/2008. VARIOUS................................... ........................... ...........379,732 ......25,600,000 .........3,138,510 .......25,660,691 .................... ............(335) ..22,524,356 ...(22,524,691) ................... ..........3,136,000 .................. .....(2,756,268) .....(2,756,268) .....2,180,267 01/15/2034<br />
17309* AF 9 FHA CITICORP REAL ESTATE 133.................... ... 03/01/2008. SCHEDULED REPAYMENT...... ........................... ...........985,254 ...........985,254 ............955,433 ............937,744 .................... ........47,509 ...................... ...........47,509 ................... .............985,254 .................. ....................... ....................0 ..........18,227 01/01/2024<br />
36184* AS 1 FHA GMAC MTG CORP IOWA 21ST IH............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............37,474 .............37,474 ..............33,639 ..............37,470 .................... .................3 ...................... ....................3 ................... ...............37,474 .................. ....................... ....................0 ............1,573 05/01/2021<br />
59019# AC 5 FHA PROJECT LOAN MERRILL 29 PS.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,165 ...............4,165 ................3,673 ................4,165 .................... .................... ...................... ....................0 ................... .................4,165 .................. ....................... ....................0 ...............171 06/01/2022
E14.24<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
92931# AC 1 FHA PROJECT LOAN MERRILL 42 PS.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................497 ..................497 ...................388 ...................495 .................... .................2 ...................... ....................2 ................... ....................497 .................. ....................... ....................0 .................15 09/01/2022<br />
30399A 9E 5 FHA PROJECT LOAN PL REILLY #46................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,826 ...............9,826 ................9,285 ................9,779 .................... ...............46 ...................... ..................46 ................... .................9,826 .................. ....................... ....................0 ...............373 12/01/2018<br />
309992 9W 7 FHA PROJECT LOAN PL VICTORIAN................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............18,108 .............18,108 ..............18,399 ..............18,108 .................... .................... ...................... ....................0 ................... ...............18,108 .................. ....................... ....................0 ...............940 09/01/2038<br />
75933* AU 8 FHA PROJECT LOAN REILLY 104 PS............... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........906,220 ...........906,220 ............623,952 ............380,859 .................... ......525,361 ...................... .........525,361 ................... .............906,220 .................. ....................... ....................0 ..........58,998 10/20/2024<br />
75933* AS 3 FHA PROJECT LOAN REILLY 8 PSTH............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............90,654 .............90,654 ..............87,723 ..............90,648 .................... .................5 ...................... ....................5 ................... ...............90,654 .................. ....................... ....................0 ............3,690 02/01/2019<br />
75933* AZ 7 FHA PROJECT REILLY 4 PSTHR....................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........688,783 ...........688,783 ............846,431 ............688,844 .................... ..............(61) ...................... .................(61) ................... .............688,783 .................. ....................... ....................0 ..........27,993 07/01/2022<br />
31677Q AB 5 FIFTH THIRD BK CINCINNATI OH M.................. ... 08/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............985,080 ............997,225 .................... ..........2,775 ...................... .............2,775 ................... ..........1,000,000 .................. ....................... ....................0 ..........33,750 08/15/2008<br />
90331V AW 2 FIRST BANK NATIONAL ASSN.......................... ... 02/01/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,003,600 .........5,000,042 .................... ..............(42) ...................... .................(42) ................... ..........5,000,000 .................. ....................... ....................0 ........162,500 02/01/2008<br />
319333 E@ 5 FIRST BOSTON CORP (REILLY) 88-................. ... 12/01/2008. CALLED AT 100......................... ........................... ...........144,910 ...........144,910 ..............92,497 ...................686 .................... .................... ...................... ....................0 ................... ....................686 .................. .........144,224 .........144,224 ............7,960 08/31/2016<br />
30251T AA 7 FIRST CHICAGO NATL BK CHICAGO............... ... 01/05/2008. SCHEDULED REPAYMENT...... ........................... ...........202,297 ...........202,297 ............202,579 ............202,298 .................... ................(1) ...................... ...................(1) ................... .............202,297 .................. ....................... ....................0 ............8,173 01/05/2018<br />
000000 00 0 FIRST DATA CORP TRNCH B-3 TERM.............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............20,000 .............20,000 ..............19,450 ..............19,498 .................... .............502 ...................... ................502 ................... ...............20,000 .................. ....................... ....................0 ...............880 09/24/2014<br />
32051D C3 4 FIRST HORIZON ASSET SEC FHASI................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,460,380 ........1,460,380 .........1,458,089 .........1,460,224 .................... .............156 ...................... ................156 ................... ..........1,460,380 .................. ....................... ....................0 ..........32,450 09/25/2018<br />
32051D L6 7 FIRST HORIZON ASSET SEC FHASI................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........196,422 ...........196,422 ............192,932 ............196,177 .................... .............244 ...................... ................244 ................... .............196,422 .................. ....................... ....................0 ............5,858 10/25/2033<br />
32051D YL 0 FIRST HORIZON MTG PSTHR TR 200.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........443,126 ...........443,126 ............470,738 ............447,775 .................... .........(4,649) ...................... ............(4,649) ................... .............443,126 .................. ....................... ....................0 ..........17,785 07/25/2033<br />
32051D 6R 8 FIRST HORIZON MTG PSTHR 04-AR5.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,126 ...............4,126 ................4,125 ................4,126 .................... .................... ...................... ....................0 ................... .................4,126 .................. ....................... ....................0 ...............170 10/25/2034<br />
32056J AE 4 FIRST HORIZON MTG PSTHR 07 AR3.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,104 ...............6,104 ................6,103 ................6,104 .................... ................(1) ...................... ...................(1) ................... .................6,104 .................. ....................... ....................0 ...............155 11/25/2037<br />
32051D SE 3 FIRST HORIZON MTG TR 2002-9 CL................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,962,369 ........1,962,369 .........2,005,662 .........1,963,734 .................... .........(1,365) ...................... ............(1,365) ................... ..........1,962,369 .................. ....................... ....................0 ..........53,116 02/25/2033<br />
337162 AE 1 FIRST HORIZON NATIONAL CORP SU............. ... 07/10/2008. FTN FINANCIALS...................... ........................... ...........866,250 ........1,125,000 .........1,147,264 .........1,137,521 .................... ..............(94) ...................... .................(94) ................... ..........1,137,060 .................. ........(270,810) ........(270,810) ..........33,750 05/15/2013<br />
32485* AC 1 FIRST NATL BANK OF COMMERCE SE............ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........577,021 ...........577,021 ............640,770 ............577,080 .................... ..............(59) ...................... .................(59) ................... .............577,021 .................. ....................... ....................0 ..........52,568 05/01/2014<br />
335867 F# 9 FIRST OMNI BANK NA AMSOUTH TR............... ... 01/02/2008. VARIOUS................................... ........................... ...........130,086 ...........130,086 ............126,128 ............129,979 .................... .................3 ...................... ....................3 ................... .............129,982 .................. ................104 ................104 ............4,325 01/02/2021<br />
335867 G* 2 FIRST OMNI BANK NA AMSOUTH TR............... ... 07/02/2008. VARIOUS................................... ........................... .............60,122 .............60,122 ..............58,323 ..............60,035 .................... .................2 ...................... ....................2 ................... ...............60,037 .................. ..................85 ..................85 ............2,213 01/02/2021<br />
335867 G# 8 FIRST OMNI BANK NA AMSOUTH TR............... ... 01/02/2008. VARIOUS................................... ........................... ...........135,211 ...........135,211 ............130,706 ............135,119 .................... .................4 ...................... ....................4 ................... .............135,122 .................. ..................89 ..................89 ............4,496 01/02/2021<br />
335867 G@ 0 FIRST OMNI BANK NA AMSOUTH TR............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... .............63,446 .............63,446 ..............61,486 ..............63,444 .................... .................2 ...................... ....................2 ................... ...............63,446 .................. ....................... ....................0 ............2,110 01/02/2021<br />
335867 H* 1 FIRST OMNI BANK NA AMSOUTH TR............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... .............33,966 .............33,966 ..............32,915 ..............33,965 .................... .................1 ...................... ....................1 ................... ...............33,966 .................. ....................... ....................0 ............1,129 01/02/2021<br />
335867 E* 4 FIRST OMNI BANK NA ICX TR 98A-.................. ... 07/02/2008. VARIOUS................................... ........................... ...........129,810 ...........129,810 ............125,816 ............129,807 .................... .................3 ...................... ....................3 ................... .............129,810 .................. ....................... ....................0 ............4,555 07/02/2020<br />
335867 E# 0 FIRST OMNI BANK NA ICX TR 98A-.................. ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... .............37,082 .............37,082 ..............35,890 ..............37,081 .................... .................1 ...................... ....................1 ................... ...............37,082 .................. ....................... ....................0 ............1,233 07/02/2020<br />
335867 E@ 2 FIRST OMNI BANK NA ICX TR 98A-.................. ... 01/02/2008. VARIOUS................................... ........................... ...........133,003 ...........133,003 ............128,744 ............132,886 .................... .................4 ...................... ....................4 ................... .............132,889 .................. ................114 ................114 ............4,422 01/02/2020<br />
335867 F* 3 FIRST OMNI BANK NA ICX TR 98A-.................. ... 01/02/2008. VARIOUS................................... ........................... .............47,166 .............47,166 ..............45,969 ..............47,165 .................... .................1 ...................... ....................1 ................... ...............47,166 .................. ....................... ....................0 ............1,568 07/02/2020<br />
335867 F@ 1 FIRST OMNI BANK NA NICHIMEN TR............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... .............52,027 .............52,027 ..............50,359 ..............52,026 .................... .................1 ...................... ....................1 ................... ...............52,027 .................. ....................... ....................0 ............1,730 07/02/2020<br />
33604* AA 9 FIRST PARTNERS LP IV MANHEIM P............... ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,989,602 ........1,989,602 .........1,965,062 .........1,989,581 .................... ...............21 ...................... ..................21 ................... ..........1,989,602 .................. ....................... ....................0 ..........96,124 01/01/2010<br />
33632* UB 1 FIRST SECURITY BANK OF UTAH PT.............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........445,703 ...........445,703 ............445,703 ............445,703 .................... .................... ...................... ....................0 ................... .............445,703 .................. ....................... ....................0 ..........15,598 01/10/2023<br />
33632* DJ 3 FIRST SECURITY BK UTAH SEC LN................ ... 03/28/2008. SCHEDULED REPAYMENT...... ........................... ...........546,600 ...........546,600 ............722,266 ............549,087 .................... .........(2,487) ...................... ............(2,487) ................... .............546,600 .................. ....................... ....................0 ............3,177 03/28/2010<br />
33632* DF 1 FIRST SECURITY BK UTAH SEC LN................. ... 03/28/2008. VARIOUS................................... ........................... ........1,522,398 ........1,522,398 .........1,973,055 .........1,577,950 .................... .......(11,929) ...................... ..........(11,929) ................... ..........1,566,021 .................. ..........(43,623) ..........(43,623) ........168,645 03/28/2010<br />
33632* TW 7 FIRST SECURITY BNK OF UT 1999................... ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........255,380 ...........255,380 ............255,380 ............255,380 .................... .................... ...................... ....................0 ................... .............255,380 .................. ....................... ....................0 ..........10,706 01/10/2023<br />
337358 BK 0 FIRST UNION CORP SR SB NTS....................... ... 04/01/2008. MATURED.................................. ........................... ...........450,000 ...........450,000 ............478,737 ............450,971 .................... ............(971) ...................... ...............(971) ................... .............450,000 .................. ....................... ....................0 ..........14,400 04/01/2008<br />
337358 BL 8 FIRST UNION CORP SUB NTS........................... ... 04/15/2008. CALLED AT 100......................... ........................... ........6,000,000 ........6,000,000 .........5,341,260 .........5,419,189 .................... ..........3,775 ...................... .............3,775 ................... ..........5,422,964 .................. .........577,036 .........577,036 ........189,000 04/15/2028<br />
33738* BH 2 FIRST UNION MTG CORP 95-2.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................455 ..................455 ...................310 ...................349 .................... .............106 ...................... ................106 ................... ....................455 .................. ....................... ....................0 ...................5 09/28/2025<br />
33738* BJ 8 FIRST UNION MTG CORP 95-3 CONV.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............22,785 .............22,785 ..............19,431 ..............22,513 .................... .............272 ...................... ................272 ................... ...............22,785 .................. ....................... ....................0 ...............441 11/29/2025<br />
33738* BL 3 FIRST UNION MTG CORP 96-1A........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,888 ...............2,888 ................2,190 ................2,881 .................... .................7 ...................... ....................7 ................... .................2,888 .................. ....................... ....................0 .................82 07/01/2026<br />
33738* BM 1 FIRST UNION MTG 96-2A CONVTL R................ ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... .............35,690 .............35,690 ..............26,108 ..............32,997 .................... ..........2,693 ...................... .............2,693 ................... ...............35,690 .................. ....................... ....................0 ............1,118 10/01/2026<br />
33738M AC 5 FIRST UNION NATL............................................. ... 12/01/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,698,890 .......................... .................... ........25,721 ...................... ...........25,721 ................... ..........3,000,000 .................. ....................... ....................0 ........174,000 12/01/2008<br />
337738 AC 2 FISERV INC NT.................................................... ... 04/15/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........1,998,380 .........1,999,897 .................... .............103 ...................... ................103 ................... ..........2,000,000 .................. ....................... ....................0 ..........40,000 04/15/2008<br />
33903* DA 4 FLEET NATIONAL BANK NOVA CHEM............. ... 03/31/2008. CALLED AT 100......................... ........................... ...........675,775 ...........675,775 ............675,775 ............675,775 .................... .................... ...................... ....................0 ................... .............675,775 .................. ....................... ....................0 ..........27,910 03/27/2016<br />
33903* DH 9 FLEET NATIONAL BANK NOVA CHEM-............ ... 03/27/2008. SCHEDULED REPAYMENT...... ........................... ...........522,565 ...........522,565 ............522,565 ............522,565 .................... .................... ...................... ....................0 ................... .............522,565 .................. ....................... ....................0 ..........20,537 09/27/2016<br />
33903* CW 7 FLEET NATL BK-TRUSTEE BUNGE NA............ ... 12/30/2008. SCHEDULED REPAYMENT...... ........................... ...........348,304 ...........348,304 ............350,308 ............348,384 .................... ..............(80) ...................... .................(80) ................... .............348,304 .................. ....................... ....................0 ..........22,347 03/30/2017<br />
341081 DW 4 FLORIDA POWER & LIGHT CO FMB................. ... 06/01/2008. MATURED.................................. ........................... ........1,775,000 ........1,775,000 .........1,793,425 .........1,776,497 .................... .........(1,497) ...................... ............(1,497) ................... ..........1,775,000 .................. ....................... ....................0 ..........53,250 06/01/2008<br />
30249Q AE 0 FMC CORP MTN.................................................. ... 05/15/2008. MATURED.................................. ........................... ........6,000,000 ........6,000,000 .........5,936,820 .........5,996,734 .................... ..........3,266 ...................... .............3,266 ................... ..........6,000,000 .................. ....................... ....................0 ........210,000 05/15/2008<br />
324477 D* 6 FNB CHI ENRON BUSHTON 91A SER............... ... 05/25/2008. MATURED.................................. ........................... .............99,862 .............99,862 ..............99,862 .......................... .................... .................... ...................... ....................0 ................... ...............99,862 .................. ....................... ....................0 ............5,001 05/25/2008<br />
324477 E* 5 FNB CHI ENRON BUSHTON 91B SER............... ... 05/25/2008. MATURED.................................. ........................... .............70,314 .............70,314 ..............70,314 .......................... .................... .................... ...................... ....................0 ................... ...............70,314 .................. ....................... ....................0 ............3,521 05/25/2008<br />
324477 F* 4 FNB CHI ENRON BUSHTON 91C SER.............. ... 05/25/2008. MATURED.................................. ........................... .............63,735 .............63,735 ..............63,735 ..............63,735 .................... .................... ...................... ....................0 ................... ...............63,735 .................. ....................... ....................0 ............3,192 05/25/2008<br />
324477 G* 3 FNB CHI ENRON BUSHTON 91D SER.............. ... 05/25/2008. MATURED.................................. ........................... .............81,030 .............81,030 ..............81,030 ..............81,030 .................... .................... ...................... ....................0 ................... ...............81,030 .................. ....................... ....................0 ............4,058 05/25/2008<br />
324477 H* 2 FNB CHI ONEOK BUSHTON 91E SER............... ... 05/25/2008. MATURED.................................. ........................... .............85,364 .............85,364 ..............85,364 .......................... .................... .................... ...................... ....................0 ................... ...............85,364 .................. ....................... ....................0 ............4,275 05/25/2008<br />
344865 AA 8 FOOTBALL CLUB TERM NT 2008 TR................ ... 11/12/2008. MATURED.................................. ........................... ......13,500,000 ......13,500,000 .......14,524,110 .......13,675,261 .................... .....(175,261) ...................... ........(175,261) ................... ........13,500,000 .................. ....................... ....................0 .....1,007,790 11/12/2008<br />
345370 BY 5 FORD MOTOR CO GBL BD................................ ... 07/24/2008. DEUTSCHE BANK SECS INC... ........................... ........2,985,000 ........6,000,000 .........3,889,004 .........3,990,000 .................... ........16,359 ...................... ...........16,359 ................... ..........4,006,359 .................. .....(1,021,359) .....(1,021,359) ........329,042 10/01/2028
E14.25<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
345370 C# 5 FORD MOTOR CO TRNCH B TERM LOA.......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............85,339 .............85,339 ..............85,533 ..............85,494 .................... ............(155) ...................... ...............(155) ................... ...............85,339 .................. ....................... ....................0 ............4,589 12/15/2013<br />
345370 BS 8 FORD MOTOR COMPANY BD............................ ... 07/02/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........1,440,000 ........3,000,000 .........2,069,970 .........2,070,000 .................... .................3 ...................... ....................3 ................... ..........2,070,003 .................. ........(630,003) ........(630,003) ........149,508 05/15/2097<br />
345397 UE 1 FORD MOTOR CREDIT CO MTN....................... ... 01/15/2008. MATURED.................................. ........................... ......19,000,000 ......19,000,000 .......18,933,670 .......18,999,004 .................... .............996 ...................... ................996 ................... ........19,000,000 .................. ....................... ....................0 ........470,250 01/15/2008<br />
345397 GX 5 FORD MOTOR CREDIT CORP NT..................... ... 08/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............969,670 ............997,184 .................... ..........2,816 ...................... .............2,816 ................... ..........1,000,000 .................. ....................... ....................0 ..........67,500 08/15/2008<br />
345538 AC 6 FOREST CITY COMM MTG SER 94-1............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........222,627 ...........222,627 ............198,426 ............222,626 .................... .................... ...................... ....................0 ................... .............222,627 .................. ....................... ....................0 ............8,779 01/15/2013<br />
349631 AF 8 FORTUNE BRANDS INC NT............................... ... 04/01/2008. MATURED.................................. ........................... ........4,500,000 ........4,500,000 .........4,607,505 .........4,505,057 .................... .........(5,057) ...................... ............(5,057) ................... ..........4,500,000 .................. ....................... ....................0 ........140,625 04/01/2008<br />
87266@ AA 2 FPP FUNDING LLC FKA TPC FNDG S............... ... 07/31/2008. SCHEDULED REPAYMENT...... ........................... ...........409,347 ...........409,347 ............409,347 ............409,347 .................... .................... ...................... ....................0 ................... .............409,347 .................. ....................... ....................0 ..........21,200 07/31/2015<br />
000000 00 0 FR BRAND HLDGS CORP TRNCH B TE............ ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............37,500 .............37,500 ..............37,828 ..............37,565 .................... ..............(65) ...................... .................(65) ................... ...............37,500 .................. ....................... ....................0 ............1,944 02/07/2014<br />
35177P AK 3 FRANCE TELECOM NTS.................................... ... 08/27/2008. BARCLAYS CAPITAL................ ........................... .............10,684 .............10,000 ..............10,835 .......................... .................... ..............(23) ...................... .................(23) ................... ...............10,700 .................. .................(16) .................(16) ...............777 03/01/2011<br />
35687M A* 8 FREESCALE SEMICONDUCTOR INC TR.......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............50,000 .............50,000 ..............50,312 ..............50,185 .................... ............(185) ...................... ...............(185) ................... ...............50,000 .................. ....................... ....................0 ............1,699 11/10/2013<br />
000000 00 0 FRESENIUS MED CARE HLDGS INC T............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............9,295 ...............9,295 ................9,308 ................9,303 .................... ................(8) ...................... ...................(8) ................... .................9,295 .................. ....................... ....................0 ...............410 03/31/2011<br />
359694 C# 1 FULLER H B COMPANY SR NTS....................... ... 06/02/2008. SCHEDULED REPAYMENT...... ........................... ........7,080,000 ........7,080,000 .........6,965,116 .........7,079,902 .................... ...............98 ...................... ..................98 ................... ..........7,080,000 .................. ....................... ....................0 ........233,640 06/02/2010<br />
36804P AB 2 GATX FINANCIAL CORP SR UNSEC N............. ... 11/19/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .......10,565,100 .......10,138,363 .................... .....(138,363) ...................... ........(138,363) ................... ........10,000,000 .................. ....................... ....................0 ........600,000 11/19/2008<br />
36804P AF 3 GATX FINL CORP 2005-1 144A PST.................. ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........338,722 ...........338,722 ............339,256 ............338,724 .................... ................(1) ...................... ...................(1) ................... .............338,722 .................. ....................... ....................0 ..........14,473 01/02/2025<br />
36828Q BP 0 GE CAP COML MTG CORP 2003-C2 C.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........675,935 ...........675,935 ............678,876 ............676,022 .................... ..............(87) ...................... .................(87) ................... .............675,935 .................. ....................... ....................0 ............9,547 07/10/2037<br />
36828Q LZ 7 GE CAP COML MTG CORP 2005-C2 C.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........205,521 ...........205,521 ............206,236 ............205,522 .................... ................(1) ...................... ...................(1) ................... .............205,521 .................. ....................... ....................0 ............5,530 05/10/2043<br />
368907 AC 5 GEN AMERICAN TRANSPORTATION CO......... ... 08/31/2008. UNASSIGNED REPAYMENT.... ........................... ...........179,676 ...........179,676 ............179,676 ............179,676 .................... .................... ...................... ....................0 ................... .............179,676 .................. ....................... ....................0 ..........13,476 02/28/2015<br />
36877P AA 6 GENERAL AMERICAN RAILCAR CORP............ ... 12/20/2008. SCHEDULED REPAYMENT...... ........................... ...........420,544 ...........420,544 ............420,544 ............420,544 .................... .................... ...................... ....................0 ................... .............420,544 .................. ....................... ....................0 ..........14,662 09/20/2020<br />
36877Q AA 4 GENERAL AMERICAN RAILCAR III 9................. ... 12/20/2008. SCHEDULED REPAYMENT...... ........................... ...........405,090 ...........405,090 ............405,090 ............405,090 .................... .................... ...................... ....................0 ................... .............405,090 .................. ....................... ....................0 ..........17,093 08/20/2021<br />
368907 AA 9 GENERAL AMERICAN TRANS CORP 95.......... ... 01/02/2008. VARIOUS................................... ........................... ........6,612,301 ........6,612,301 .........6,612,301 .........6,612,301 .................... .................... ...................... ....................0 ................... ..........6,612,301 .................. ....................... ....................0 ........240,690 07/02/2016<br />
369550 AJ 7 GENERAL DYNAMICS CORP GLBL NT............. ... 05/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............996,730 ............999,737 .................... .............263 ...................... ................263 ................... ..........1,000,000 .................. ....................... ....................0 ..........15,000 05/15/2008<br />
36962G 3H 5 GENERAL ELECTRIC CAP CORP MTN............. ... 03/19/2008. VARIOUS................................... ........................... .............10,255 .............10,000 ................9,966 ................9,967 .................... .................1 ...................... ....................1 ................... .................9,968 .................. ................287 ................287 ...............270 09/15/2017<br />
369622 CN 3 GENERAL ELECTRIC CAP CORP NT................ ... 06/15/2008. MATURED.................................. ........................... ......11,155,000 ......11,155,000 .......12,713,044 .......11,240,815 .................... .......(85,815) ...................... ..........(85,815) ................... ........11,155,000 .................. ....................... ....................0 ........481,059 06/15/2008<br />
370442 AU 9 GENERAL MOTORS CORP DB.......................... ... 06/26/2008. MERRILL LYNCH....................... ........................... ........1,230,000 ........2,000,000 .........1,766,115 .........1,695,000 .................... ........12,052 ...................... ...........12,052 ................... ..........1,707,052 .................. ........(477,052) ........(477,052) ........109,511 04/15/2016<br />
370442 AR 6 GENERAL MOTORS CORP DBS........................ ... 06/26/2008. MERRILL LYNCH....................... ........................... ...........765,000 ........1,500,000 .........1,103,387 .........1,087,500 .................... ..........4,071 ...................... .............4,071 ................... ..........1,091,571 .................. ........(326,571) ........(326,571) ..........92,500 09/01/2025<br />
370442 AY 1 GENERAL MOTORS CORP NT.......................... ... 05/01/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,906,250 .........4,957,372 .................... ........42,628 ...................... ...........42,628 ................... ..........5,000,000 .................. ....................... ....................0 ........159,375 05/01/2008<br />
37045G AB 9 GENERAL MOTORS CORP TR SER 91-........... ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ........1,243,510 ........1,243,510 .........1,287,488 .........1,232,206 .................... ........11,304 ...................... ...........11,304 ................... ..........1,243,510 .................. ....................... ....................0 ........111,294 07/02/2009<br />
370448 AA 0 GENL MOTORS NOVA SCOTIA FIN CO............ ... 10/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,008,242 .........4,925,000 .................... ........75,000 ...................... ...........75,000 ................... ..........5,000,000 .................. ....................... ....................0 ........342,500 10/15/2008<br />
372460 A* 6 GENUINE PARTS SER A SR NTS...................... ... 11/30/2008. MATURED.................................. ........................... ......13,210,000 ......13,210,000 .......13,210,000 .......13,210,000 .................... .................... ...................... ....................0 ................... ........13,210,000 .................. ....................... ....................0 ........774,106 11/30/2008<br />
000000 00 0 GEO GROUP INC (THE) TRNCH B TE............... ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............70,000 .............70,000 ..............70,315 ..............70,144 .................... ............(144) ...................... ...............(144) ................... ...............70,000 .................. ....................... ....................0 ............2,192 01/24/2014<br />
37930E AA 4 GLITNIR BANKI HF AMORTIZING SR................ ... 12/31/2008. VARIOUS................................... ........................... ........4,000,000 ........4,000,000 .........4,000,000 .........4,000,000 .................... .................... ...................... ....................0 ................... ..........4,000,000 .................. ....................... ....................0 ........252,400 07/28/2011<br />
37934E AB 8 GLOBAL FRANCHISE TR GFT 98-1 A................ ... 12/31/2008. VARIOUS................................... ........................... ........1,929,860 ........1,929,860 .........1,948,170 .........1,929,866 .................... ................(7) ...................... ...................(7) ................... ..........1,929,860 .................. ....................... ....................0 ..........73,312 01/01/2018<br />
37943T AB 4 GLOBALSANTAFE CORP SR NT....................... ... 06/17/2008. JP MORGAN.............................. ........................... ........1,948,580 ........2,000,000 .........1,994,969 .........2,005,260 .................... ............(432) ...................... ...............(432) ................... ..........2,004,828 .................. ..........(56,248) ..........(56,248) ..........84,722 02/15/2013<br />
361849 DJ 8 GMAC COML MTG SEC INC 98-C1 CL.............. ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ........5,000,000 ........5,000,000 .........5,127,615 .........5,005,291 .................... .........(5,291) ...................... ............(5,291) ................... ..........5,000,000 .................. ....................... ....................0 ........403,355 05/15/2030<br />
36185* BG 5 GMAC IPA 286870............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,458 ...............1,458 ...................292 ................1,458 .................... .................... ...................... ....................0 ................... .................1,458 .................. ....................... ....................0 ...................... 02/02/2017<br />
36185* BH 3 GMAC IPA 286871............................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............2,703 ...............2,703 ...................580 ................2,703 .................... .................... ...................... ....................0 ................... .................2,703 .................. ....................... ....................0 ...................... 02/02/2017<br />
36186C AC 7 GMAC LLC DB..................................................... ... 12/31/2008. VARIOUS................................... ........................... ........2,266,650 ......................... .........2,266,650 .........2,266,650 .................... .................... ...................... ....................0 ................... ..........2,266,650 .................. ....................... ....................0 ...................... 04/01/2011<br />
36186C AA 1 GMAC LLC NT...................................................... ... 01/22/2008. MATURED.................................. ........................... ........6,000,000 ........6,000,000 .........5,543,520 .........5,995,044 .................... ..........4,956 ...................... .............4,956 ................... ..........6,000,000 .................. ....................... ....................0 ........183,750 01/22/2008<br />
36185* AY 7 GMAC MTG CORP 25TH FHA PROJ LN............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............57,169 .............57,169 ..............53,043 ..............57,154 .................... ...............15 ...................... ..................15 ................... ...............57,169 .................. ....................... ....................0 ............2,327 10/01/2021<br />
36185M BP 6 GMAC MTG LN 05-AR6 4A2 VR RT C................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........169,573 ...........169,573 ............169,016 ............169,602 .................... ..............(29) ...................... .................(29) ................... .............169,573 .................. ....................... ....................0 ............3,725 11/19/2035<br />
38012T AB 8 GMACM HOME EQUITY LN TR 2006-H............. ... 06/04/2008. CANTOR FITZGERALD SECURITIES ........................... .............36,000 .............50,000 ..............49,974 ..............49,974 .................... .................1 ...................... ....................1 ................... ...............49,975 .................. ..........(13,975) ..........(13,975) ............1,501 10/25/2036<br />
38141G FG 4 GOLDMAN SACHS GROUP INC NT................... ... 10/27/2008. BARCLAYS CAPITAL................ ........................... ..................830 ...............1,000 ...................834 .......................... .................... .................1 ...................... ....................1 ................... ....................835 .................. ...................(5) ...................(5) .................17 01/18/2018<br />
38141G FD 1 GOLDMAN SACHS GROUP INC SB................... ... 03/04/2008. VARIOUS................................... ........................... ...............9,176 .............10,000 ................9,945 ................9,945 .................... .................... ...................... ....................0 ................... .................9,946 .................. ...............(770) ...............(770) ...............278 10/01/2037<br />
38214* CF 7 GOOD WILL CO INC SER B GTD MTN.............. ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ...........472,983 ...........472,983 ............535,961 ............473,006 .................... ..............(23) ...................... .................(23) ................... .............472,983 .................. ....................... ....................0 ..........36,735 03/01/2011<br />
36218# AA 6 GPI PROPERTIES 1995 LLC SECD N................ ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,074,885 ........1,074,885 .........1,074,885 .........1,074,885 .................... .................... ...................... ....................0 ................... ..........1,074,885 .................. ....................... ....................0 ..........60,752 03/01/2016<br />
000000 00 0 GRACEWAY PHARM LLC TRNCH B 1ST.......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........270,833 ...........270,833 ............270,833 ............270,833 .................... .................... ...................... ....................0 ................... .............270,833 .................. ....................... ....................0 ............7,162 12/31/2014<br />
393505 BK 7 GREEN TREE 93-3 A7......................................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........118,065 ...........118,065 ............112,202 ............118,065 .................... .................... ...................... ....................0 ................... .............118,065 .................. ....................... ....................0 ............3,768 10/15/2018<br />
393505 GS 5 GREEN TREE 95-4 M1........................................ ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........4,297,486 ........4,297,486 .........4,294,433 .........4,297,027 .................... .............460 ...................... ................460 ................... ..........4,297,486 .................. ....................... ....................0 ........175,101 06/15/2025<br />
393505 MR 0 GREEN TREE 96-4 M1........................................ ... 12/31/2008. VARIOUS................................... ........................... ...........270,239 ......................... ............270,239 ............270,239 .................... .................... ...................... ....................0 ................... .............270,239 .................. ....................... ....................0 ...................... 06/15/2027<br />
395383 AM 4 GREENPOINT MFG HSG 2000-1 A3.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........933,631 ...........933,631 ............933,398 ............933,631 .................... .................... ...................... ....................0 ................... .............933,631 .................. ....................... ....................0 ..........39,982 04/20/2024<br />
000000 00 0 GREENWOOD RACING INC TERM LOAN......... ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............15,000 .............15,000 ..............15,147 ..............15,082 .................... ..............(82) ...................... .................(82) ................... ...............15,000 .................. ....................... ....................0 ...............412 10/20/2011<br />
36298J AA 1 GS MTG SECS CORP II 06 RR2 A1................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............53,753 .............53,753 ..............53,455 ..............53,852 .................... ..............(99) ...................... .................(99) ................... ...............53,753 .................. ....................... ....................0 ............2,250 06/23/2046<br />
362341 7T 0 GS MTG SECS CORP 06-1F 4A2 PST............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............30,264 .............30,264 ..............30,075 ..............30,273 .................... ................(9) ...................... ...................(9) ................... ...............30,264 .................. ....................... ....................0 ...............894 02/25/2036<br />
36228F 3Q 7 GS MTG SECS CORP 2004-3 CL AF5................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........405,680 ...........405,680 ............405,671 ............405,680 .................... .................... ...................... ....................0 ................... .............405,680 .................. ....................... ....................0 ..........10,468 04/25/2034
E14.26<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
362341 4F 3 GS MTG SECS CORP 2006 AR1 CL 3............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,164 ...............5,164 ................5,161 ................5,165 .................... .................... ...................... ....................0 ................... .................5,164 .................. ....................... ....................0 ...............159 01/25/2036<br />
36242D NJ 8 GS MTG SECS GSAA 04-10 B3 HEL.................. ... 12/31/2008. VARIOUS................................... ........................... .............65,380 .............65,380 ..............53,994 ..............63,598 .................... ..........1,782 ...................... .............1,782 ................... ...............65,380 .................. ....................... ....................0 ............1,894 08/25/2034<br />
36242D ST 1 GS MTG SECS GSAA 05-1 AF5 HEL................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,097,260 ........1,097,260 .........1,097,244 .........1,097,259 .................... .................1 ...................... ....................1 ................... ..........1,097,260 .................. ....................... ....................0 ..........27,750 11/25/2034<br />
362332 AE 8 GS MTG SECS TR 2006 GG8 CL A4.................. ... 02/26/2008. GOLDMAN SACHS & COMPANY........................... .............48,164 .............50,000 ..............48,613 ..............48,663 .................... ...............20 ...................... ..................20 ................... ...............48,683 .................. ...............(519) ...............(519) ...............680 11/10/2039<br />
3622MP BK 3 GSR MTG LN TR 2007 1F CL M1 CM................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........144,886 ...........144,886 ............144,271 ............144,856 .................... ...............30 ...................... ..................30 ................... .............144,886 .................. ....................... ....................0 ............4,673 01/25/2037<br />
411352 AA 5 HANSON PLC SR UNSUB................................... ... 04/01/2008. AEGON USA.............................. ........................... ........3,192,360 ........3,000,000 .........2,977,170 .........2,991,890 .................... ...............30 ...................... ..................30 ................... ..........2,992,589 .................. .........199,771 .........199,771 ........122,719 09/27/2010<br />
41168* AA 0 HARDEE POWER PARTNERS SER A............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,305,751 ........1,305,751 .........1,284,222 .........1,305,744 .................... .................7 ...................... ....................7 ................... ..........1,305,751 .................. ....................... ....................0 ..........55,823 07/01/2012<br />
4128A0 AA 1 HARLEY DAVIDSON FDG CORP 144A.............. ... 12/15/2008. MATURED.................................. ........................... ........3,800,000 ........3,800,000 .........3,799,544 .........3,799,907 .................... ...............93 ...................... ..................93 ................... ..........3,800,000 .................. ....................... ....................0 ........137,750 12/15/2008<br />
41283A BV 0 HARLEY DAVIDSON MOTORCYCLE TR........... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... .............43,960 .............43,960 ..............43,722 ..............43,866 .................... ...............94 ...................... ..................94 ................... ...............43,960 .................. ....................... ....................0 ...............923 02/15/2012<br />
41940# AA 1 HAVEN MANUFACTURING COMPANY SR....... ... 12/23/2008. VARIOUS................................... ........................... ...........397,246 ...........397,246 ............397,526 ............337,659 ........59,587 .................... ...................... ...........59,587 ................... .............397,246 .................. ....................... ....................0 ..........55,141 05/12/2009<br />
420029 AD 2 HAWAIIAN TELCOM COMMUNIC SR NT.......... ... 05/09/2008. VARIOUS................................... ........................... ...........423,000 ...........900,000 ............490,631 ............907,882 .................... ..........1,975 .......421,369 ........(419,394) ................... .............488,488 .................. ..........(65,488) ..........(65,488) ..........47,044 05/01/2013<br />
000000 00 0 HAWKER BEECHCRAFT INC TRNCH B............ ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............23,050 .............23,050 ..............23,050 ..............23,050 .................... .................... ...................... ....................0 ................... ...............23,050 .................. ....................... ....................0 ...............902 03/26/2014<br />
000000 00 0 HAWKER BEECHCRAFT INC TRNCH LC.......... ... 03/01/2008. UNASSIGNED REPAYMENT.... ........................... .............62,057 .............62,057 ..............62,057 ..............62,057 .................... .................... ...................... ....................0 ................... ...............62,057 .................. ....................... ....................0 ............1,844 03/26/2014<br />
404119 AE 9 HCA INC NT......................................................... ... 03/11/2008. CALLED AT 92.75...................... ........................... ........3,710,000 ........4,000,000 .........3,616,782 .........3,602,281 .................... ..........2,369 ...................... .............2,369 ................... ..........3,604,650 .................. .........105,350 .........105,350 ........100,389 05/01/2012<br />
421924 B* 1 HEALTHSOUTH CORP TRNCH B TERM........... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........328,851 ...........328,851 ............328,851 ............328,851 .................... .................... ...................... ....................0 ................... .............328,851 .................. ....................... ....................0 ..........12,597 03/10/2013<br />
42823# AA 1 HEWITT ASSOCIATES LLC SR NTS.................. ... 05/30/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,047,451 .........2,003,920 .................... .........(3,920) ...................... ............(3,920) ................... ..........2,000,000 .................. ....................... ....................0 ..........74,500 05/30/2008<br />
428300 B* 7 HEXION SPECIALTY CHEM INC TRNC............. ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... .............16,513 .............16,513 ..............16,678 ..............16,579 .................... ..............(66) ...................... .................(66) ................... ...............16,513 .................. ....................... ....................0 ...............719 05/05/2013<br />
N4050# AA 0 HEXION SPECIALTY CHEM TR C2 TE.............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............4,484 ...............4,484 ................4,529 ................4,505 .................... ..............(21) ...................... .................(21) ................... .................4,484 .................. ....................... ....................0 ...............239 05/05/2013<br />
431282 AE 2 HIGHWOODS FORSYTH LP NTS....................... ... 02/01/2008. MATURED.................................. ........................... ........6,500,000 ........6,500,000 .........6,580,145 .........6,500,965 .................... ............(965) ...................... ...............(965) ................... ..........6,500,000 .................. ....................... ....................0 ........231,563 02/01/2008<br />
G4551# AB 0 HOLCIM CAP CORP LTD SER B SR G.............. F. 08/28/2008. MATURED.................................. ........................... ......21,000,000 ......21,000,000 .......21,000,000 .......21,000,000 .................... .................... ...................... ....................0 ................... ........21,000,000 .................. ....................... ....................0 .....1,386,000 08/28/2008<br />
438125 AC 0 HONDA AUTO REC 07-1 A3 OWNER T............. ... 12/18/2008. SCHEDULED REPAYMENT...... ........................... ...............2,913 ...............2,913 ................2,913 ................2,913 .................... .................... ...................... ....................0 ................... .................2,913 .................. ....................... ....................0 .................12 03/18/2011<br />
438506 AP 2 HONEYWELL INC NT.......................................... ... 04/15/2008. MATURED.................................. ........................... ........1,700,000 ........1,700,000 .........1,796,918 .........1,705,805 .................... .........(5,805) ...................... ............(5,805) ................... ..........1,700,000 .................. ....................... ....................0 ..........60,563 04/15/2008<br />
44108P AM 5 HOST MARRIOTT POOL TR SER 99HM............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........845,278 ...........845,278 ............832,305 ............845,272 .................... .................5 ...................... ....................5 ................... .............845,278 .................. ....................... ....................0 ..........32,322 08/03/2015<br />
441812 KF 0 HOUSEHOLD FIN CORP GLBL NT..................... ... 12/15/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,035,100 .........2,007,704 .................... .........(7,704) ...................... ............(7,704) ................... ..........2,000,000 .................. ....................... ....................0 ..........82,500 12/15/2008<br />
441812 FY 5 HOUSEHOLD FINANCE CORP NT..................... ... 06/17/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,966,500 .........9,997,936 .................... ..........2,064 ...................... .............2,064 ................... ........10,000,000 .................. ....................... ....................0 ........320,000 06/17/2008<br />
40430A AB 9 HSBK EUROPE BV GTD 144A NT...................... ... 04/08/2008. BARCLAYS CAPITAL................ ........................... ........2,625,000 ........3,000,000 .........2,608,853 .........2,610,000 .................... ..........7,505 ...................... .............7,505 ................... ..........2,617,505 .................. .............7,495 .............7,495 ..........95,458 05/03/2017<br />
44440* AD 8 HUGHES AIRCRAFT/AURORA-IRE SER........... ... 09/30/2008. CALLED AT 100......................... ........................... ...........121,273 ...........121,273 ............146,093 ............127,583 .................... ..............(15) ...................... .................(15) ................... .............127,569 .................. ............(6,296) ............(6,296) ..........12,564 09/30/2012<br />
448055 AD 5 HUSKY ENERGY INC NT.................................... ... 01/29/2008. BEAR STEARNS........................ ........................... ...............5,229 ...............5,000 ................5,232 ................5,231 .................... .................... ...................... ....................0 ................... .................5,231 .................. ...................(2) ...................(2) ...............132 09/15/2037<br />
448110 AA 4 HUSSMANN INTERNATIONAL INC SR.............. ... 06/01/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .......10,038,200 .......10,002,299 .................... .........(2,299) ...................... ............(2,299) ................... ........10,000,000 .................. ....................... ....................0 ........337,500 06/01/2008<br />
44921R AA 2 IBJ PREFERRED CAP CO PREP 8.79............... ... 06/30/2008. MATURED.................................. ........................... ...........500,000 ...........500,000 ............500,000 ............500,000 .................... .................... ...................... ....................0 ................... .............500,000 .................. ....................... ....................0 ..........43,950 06/30/2008<br />
449909 AK 6 ICI WILMINGTON INC GTD NT........................... ... 12/01/2008. MATURED.................................. ........................... ......14,000,000 ......14,000,000 .......13,958,140 .......13,991,626 .................... ..........8,374 ...................... .............8,374 ................... ........14,000,000 .................. ....................... ....................0 ........612,500 12/01/2008<br />
44927A AA 3 ICICI BANK LTD BAHRAIN BRH 144.................. ... 12/22/2008. BARCLAYS CAPITAL................ ........................... ........9,495,000 ......12,000,000 .......12,021,890 .......12,019,495 .................... .........(4,321) ...................... ............(4,321) ................... ........12,017,113 .................. .....(2,522,113) .....(2,522,113) ........970,010 10/03/2012<br />
000000 00 0 IDEARC INC TRNCH B TERM LOAN L............... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............85,428 .............85,428 ..............84,089 ..............84,209 .................... ..........1,218 ...................... .............1,218 ................... ...............85,428 .................. ....................... ....................0 ............4,704 11/17/2014<br />
451713 AE 1 IKON OFFICE SOLUTIONS INC SR N................ ... 11/13/2008. TENDERED................................ ........................... ...........700,169 ...........625,000 ............627,000 ............626,603 .................... ............(204) ...................... ...............(204) ................... .............626,399 .................. ...........73,770 ...........73,770 ..........56,241 09/15/2015<br />
44967# AD 7 IMC MORTGAGE LOAN TRUST 95 CL.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............23,777 .............23,777 ..............23,780 ..............23,775 .................... .................2 ...................... ....................2 ................... ...............23,777 .................. ....................... ....................0 ............1,199 07/25/2025<br />
45254T LD 4 IMPAC SECD ASSETS CORP 2002-2................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,577,232 ........2,577,232 .........2,602,783 .........2,580,651 .................... .........(3,419) ...................... ............(3,419) ................... ..........2,577,232 .................. ....................... ....................0 ..........95,365 04/25/2033<br />
P4564# AE 9 INDUSTRIAS PENOLES SA DE CV SE.............. F. 06/30/2008. DIRECT WITH COMPANY......... ........................... ......25,000,000 ......25,000,000 .......25,000,000 .......25,000,000 .................... .................... ...................... ....................0 ................... ........25,000,000 .................. ....................... ....................0 .....4,823,226 04/19/2018<br />
45660L 2J 7 INDYMAC MBS INC 05-AR35 2A2 VR................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........582,370 ...........582,370 ............583,299 ............583,045 .................... ............(675) ...................... ...............(675) ................... .............582,370 .................. ....................... ....................0 ..........20,575 12/25/2035<br />
45660L TS 8 INDYMAC MBS INC 2005-A9 CLA5 C................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........721,352 ...........721,352 ............712,788 ............722,195 .................... ............(844) ...................... ...............(844) ................... .............721,352 .................. ....................... ....................0 ..........19,309 07/25/2035<br />
456866 AL 6 INGERSOLL RAND AMORTIZING DEBS........... ... 06/01/2008. SCHEDULED REPAYMENT...... ........................... ...........447,000 ...........447,000 ............442,930 ............446,999 .................... .................1 ...................... ....................1 ................... .............447,000 .................. ....................... ....................0 ..........16,093 06/01/2025<br />
45820E AB 8 INTELSAT INC NT................................................ ... 05/16/2008. MORGAN STANLEY & CO........ ........................... ........7,352,500 ........8,500,000 .........6,777,825 .........6,969,999 .................... ......107,356 ...................... .........107,356 ................... ..........7,077,355 .................. .........275,145 .........275,145 ........388,875 04/15/2012<br />
45820E AG 7 INTELSAT LTD SR NT......................................... ... 03/06/2008. CALLED AT 101.903656............ ........................... ........9,171,329 ........9,000,000 .........8,571,266 .........8,820,468 .................... ........38,068 ...................... ...........38,068 ................... ..........8,858,536 .................. .........312,793 .........312,793 ........164,062 11/01/2008<br />
45820E AH 5 INTELSAT LTD SR NT......................................... ... 05/15/2008. MORGAN STANLEY & CO........ ........................... ........6,885,000 ........9,000,000 .........7,068,268 .........7,298,731 .................... ........83,399 ...................... ...........83,399 ................... ..........7,382,130 .................. ........(497,130) ........(497,130) ........323,375 11/01/2013<br />
45867E AA 4 INTERGAS FINANCE BV 144A NT..................... ... 04/07/2008. VARIOUS................................... ........................... ......11,765,000 ......12,000,000 .......11,689,133 .......11,640,000 .................... ........21,625 ...................... ...........21,625 ................... ........11,661,626 .................. .........103,374 .........103,374 ........347,569 11/04/2011<br />
45957@ AC 0 INTERNATIONAL GROUP GTD SR NTS............ ... 09/10/2008. SCHEDULED REPAYMENT...... ........................... ...........727,273 ...........727,273 ............727,273 ............727,273 .................... .................... ...................... ....................0 ................... .............727,273 .................. ....................... ....................0 ..........52,364 09/10/2012<br />
45974V ZW 1 INTERNATIONAL LEASE FIN CORP S.............. ... 06/02/2008. MATURED.................................. ........................... ........3,010,000 ........3,010,000 .........2,984,720 .........3,005,441 .................... ..........4,559 ...................... .............4,559 ................... ..........3,010,000 .................. ....................... ....................0 ..........69,606 06/02/2008<br />
45974V A8 1 INTL LEASE FINANCE CORP MTN.................... ... 02/26/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
.............10,114 .............10,000 ................9,972 ................9,973 .................... .................1 ...................... ....................1 ................... .................9,973 .................. ................141 ................141 ...............248 09/20/2013<br />
G4916# AA 2 INVESTCORP CAP LTD SER A GTD S.............. F. 12/18/2008. CALLED AT 100......................... ........................... ........8,000,000 ........8,000,000 .........8,000,000 .........8,000,000 .................... .................... ...................... ....................0 ................... ..........8,000,000 .................. ....................... ....................0 ........640,000 05/24/2009<br />
G4916# AE 4 INVESTCORP CAP LTD SER A GTD S.............. ... 12/23/2008. CALLED AT 100......................... ........................... ........2,950,000 ........2,950,000 .........2,950,000 .........2,950,000 .................... .................... ...................... ....................0 ................... ..........2,950,000 .................. ....................... ....................0 ........198,601 12/17/2010<br />
46129E A@ 7 INVESTCORP CAP LTD SER B GTD S.............. F. 10/21/2008. MATURED.................................. ........................... ......15,000,000 ......15,000,000 .......15,000,000 .......15,000,000 .................... .................... ...................... ....................0 ................... ........15,000,000 .................. ....................... ....................0 .....1,131,000 10/21/2008<br />
000000 00 0 ISLE OF CAPRI CASINOS TERM LOA............... ... 12/31/2008. VARIOUS................................... ........................... ...........737,692 ...........821,471 ............700,618 ............907,029 .................... .................... .......120,853 ........(120,853) ................... .............700,618 .................. ...........37,074 ...........37,074 ..........27,000 07/01/2014<br />
45031U AB 7 ISTAR FINANCIAL INC SR NT............................ ... 12/11/2008. MORGAN STANLEY & CO........ ........................... ........1,680,000 ........4,000,000 .........4,223,080 .........4,115,310 .................... .......(35,653) ...................... ..........(35,653) ................... ..........4,079,657 .................. .....(2,399,657) .....(2,399,657) ........240,667 12/15/2010<br />
45031U AH 4 ISTAR FINANCIAL INC SR NT............................ ... 12/11/2008. MORGAN STANLEY & CO........ ........................... ........1,471,750 ........5,075,000 .........5,226,387 .........5,183,786 .................... .......(14,731) ...................... ..........(14,731) ................... ..........5,169,054 .................. .....(3,697,304) .....(3,697,304) ........373,647 03/01/2014<br />
45031U AR 2 ISTAR FINANCIAL INC SR NT............................ ... 12/11/2008. VARIOUS................................... ........................... ...........903,663 ........3,005,000 .........2,999,889 .........3,001,677 .................... .............687 ...................... ................687 ................... ..........3,002,364 .................. .....(2,098,701) .....(2,098,701) ........199,802 03/01/2012<br />
45031U AW 1 ISTAR FINANCIAL INC SR NT............................ ... 12/11/2008. VARIOUS................................... ........................... ........1,406,875 ........5,010,000 .........4,873,454 .........4,888,582 .................... ........11,216 ...................... ...........11,216 ................... ..........4,899,798 .................. .....(3,492,923) .....(3,492,923) ........368,527 03/15/2016
E14.27<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
45031U AX 9 ISTAR FINANCIAL INC SR NT............................ ... 12/11/2008. VARIOUS................................... ........................... ........1,361,100 ........4,515,000 .........4,512,793 .........4,513,407 .................... .............363 ...................... ................363 ................... ..........4,513,770 .................. .....(3,152,670) .....(3,152,670) ........319,274 09/15/2011<br />
477876 AC 0 JOHN DEERE OWNER TR 07 A3 ABS............... ... 12/15/2008. VARIOUS................................... ........................... ...............1,008 ...............1,008 ................1,007 .......................... .................... .................... ...................... ....................0 ................... .................1,008 .................. ....................... ....................0 ...................4 07/15/2011<br />
480081 AH 1 JONES APPAREL GROUP/HLDGS/USA............ ... 05/15/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........3,340,000 ........4,000,000 .........3,528,851 .........3,549,520 .................... ........10,019 ...................... ...........10,019 ................... ..........3,559,539 .................. ........(219,539) ........(219,539) ........105,347 11/15/2014<br />
48003# AC 6 JONES EDWARD D & CO LP SB NT.................. ... 09/01/2008. MATURED.................................. ........................... ........1,119,056 ........1,119,056 .........1,468,597 .........1,139,015 .................... .......(19,959) ...................... ..........(19,959) ................... ..........1,119,056 .................. ....................... ....................0 ..........91,538 09/01/2008<br />
480206 AL 5 JONES INTERCABLE INC SR NT....................... ... 04/15/2008. MATURED.................................. ........................... ........2,020,000 ........2,020,000 .........2,180,226 .........2,028,604 .................... .........(8,604) ...................... ............(8,604) ................... ..........2,020,000 .................. ....................... ....................0 ..........77,013 04/15/2008<br />
48124# AA 4 JP HOSPITALITY DEFEASANCE LLC................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........503,054 ...........503,054 ............503,054 ............503,054 .................... .................... ...................... ....................0 ................... .............503,054 .................. ....................... ....................0 ..........25,137 01/01/2018<br />
48124# AB 2 JP HOSPITALITY DEFEASANCE LLC................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........239,677 ...........239,677 ............239,677 ............239,677 .................... .................... ...................... ....................0 ................... .............239,677 .................. ....................... ....................0 ..........11,012 02/01/2017<br />
48124@ AA 6 JP LEGION CROSSING DEFEASANCE............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........141,788 ...........141,788 ............141,788 ............141,788 .................... .................... ...................... ....................0 ................... .............141,788 .................. ....................... ....................0 ............6,416 01/01/2016<br />
46625M WW 5 JP MORG CHASE COML MTG 03-CIBC............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........995,036 ...........995,036 .........1,003,330 ............995,046 .................... ................(9) ...................... ...................(9) ................... .............995,036 .................. ....................... ....................0 ..........23,207 07/12/2037<br />
46625H AT 7 JP MORGAN CHASE & CO GLBL SB N............. ... 05/16/2008. JP MORGAN.............................. ........................... .............15,414 .............15,000 ..............15,196 ..............15,189 .................... ..............(13) ...................... .................(13) ................... ...............15,176 .................. ................238 ................238 ...............764 01/02/2013<br />
46625H AW 0 JP MORGAN CHASE & CO GLBL SR N............. ... 05/01/2008. MATURED.................................. ........................... ........4,400,000 ........4,400,000 .........4,532,686 .........4,409,719 .................... .........(9,719) ...................... ............(9,719) ................... ..........4,400,000 .................. ....................... ....................0 ..........79,750 05/01/2008<br />
46625H AF 7 JP MORGAN CHASE & CO SUB NTS................ ... 10/15/2008. MATURED.................................. ........................... ...........250,000 ...........250,000 ............233,495 ............248,650 .................... ..........1,350 ...................... .............1,350 ................... .............250,000 .................. ....................... ....................0 ..........15,313 10/15/2008<br />
46625H AG 5 JP MORGAN CHASE & CO SUB NTS................ ... 08/15/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,799,520 .........3,984,660 .................... ........15,340 ...................... ...........15,340 ................... ..........4,000,000 .................. ....................... ....................0 ........270,000 08/15/2008<br />
466247 GB 3 JP MORGAN MTG TR 2004-A5 CL 4A................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,181 ...............9,181 ................9,170 ................9,180 .................... .................2 ...................... ....................2 ................... .................9,181 .................. ....................... ....................0 ...............275 12/25/2034<br />
466247 LU 5 JP MORGAN MTG 05-A1 4A1 CMO.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,577 ...............3,577 ................3,571 ................3,577 .................... .................1 ...................... ....................1 ................... .................3,577 .................. ....................... ....................0 .................95 02/25/2035<br />
485188 AD 8 KANSAS CITY SOUTHERN RY CO GTD........... ... 05/30/2008. TENDERED................................ ........................... ...........994,290 ........1,000,000 .........1,000,000 .........1,000,000 .................... .................... ...................... ....................0 ................... ..........1,000,000 .................. ............(5,710) ............(5,710) ..........63,069 10/01/2008<br />
48562@ AA 5 KAR HLDGS INC TRNCH B (ADESA)................. ... 10/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........265,205 ...........265,205 ............265,205 ............265,205 .................... .................... ...................... ....................0 ................... .............265,205 .................. ....................... ....................0 ............9,576 12/30/2014<br />
X4338# AA 3 KAUPTHING BANK HF STEP-UP CAP............... F. 11/07/2008. SEAPORT GROUP (THE)......... ........................... ...............2,000 ......20,000,000 .......20,000,000 .......20,000,000 .................... .................... ...................... ....................0 ................... ........20,000,000 .................. ...(19,998,000) ...(19,998,000) .....1,320,000 12/28/2035<br />
48666Q AA 4 KAZKOMMERTS INTL BV GTD 144A M............. ... 04/01/2008. JP MORGAN.............................. ........................... ........2,765,000 ........3,500,000 .........2,913,492 .........2,922,500 .................... ........12,335 ...................... ...........12,335 ................... ..........2,934,835 .................. ........(169,835) ........(169,835) ........117,444 11/03/2015<br />
482439 AA 4 KCT INTERNATIONAL TRANS CORP 1............. ... 08/01/2008. CALLED AT 100......................... ........................... ...........331,800 ...........331,800 ............331,800 ............331,800 .................... .................... ...................... ....................0 ................... .............331,800 .................. ....................... ....................0 ..........22,841 08/01/2018<br />
487836 AZ 1 KELLOGG CO SR NT.......................................... ... 08/05/2008. VARIOUS................................... ........................... .............20,103 .............20,000 ..............19,993 ..............19,993 .................... .................1 ...................... ....................1 ................... ...............19,994 .................. ................109 ................109 ...............638 12/03/2012<br />
49228R AE 3 KERN RIVER FNDG CORP GTD 144A............... ... 12/31/2008. VARIOUS................................... ........................... ........2,774,191 ........2,774,191 .........2,793,892 .........2,788,972 .................... .......(15,592) ...................... ..........(15,592) ................... ..........2,773,380 .................. ................811 ................811 ..........75,920 04/30/2018<br />
49228R AC 7 KERN RIVER FUNDING CORP SER 14............. ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,269,413 ........1,269,413 .........1,256,655 .........1,269,303 .................... .............110 ...................... ................110 ................... ..........1,269,413 .................. ....................... ....................0 ..........53,249 07/31/2016<br />
492919 AA 3 KEY BANK OF NEW YORK SER B SB............... ... 09/15/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .......10,087,400 .......10,007,917 .................... .........(7,917) ...................... ............(7,917) ................... ........10,000,000 .................. ....................... ....................0 ........750,000 09/15/2008<br />
493918 BV 7 KIDDER PEABODY ACCEPT KP 93-1................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ..................507 ..................507 ...................478 ...................507 .................... .................... ...................... ....................0 ................... ....................507 .................. ....................... ....................0 .................14 08/25/2023<br />
49446Q AX 9 KIMCO REALTY CORP MTN SER C.................. ... 06/27/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........9,986,200 ......10,000,000 .........9,953,400 .........9,993,855 .................... ..........5,192 ...................... .............5,192 ................... ..........9,999,047 .................. ..........(12,847) ..........(12,847) ........297,347 08/05/2008<br />
494550 AS 5 KINDER MORGAN ENERGY PARTNERS.......... ... 07/02/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............4,752 ...............5,000 ................4,725 ................4,732 .................... ...............17 ...................... ..................17 ................... .................4,749 .................. ....................3 ....................3 ...............166 11/15/2014<br />
494550 AW 6 KINDER MORGAN ENERGY PARTNERS.......... ... 08/19/2008. VARIOUS................................... ........................... ...............9,925 .............10,000 ................9,946 ................9,946 .................... .................... ...................... ....................0 ................... .................9,946 .................. .................(21) .................(21) ...............346 01/15/2038<br />
48258* AA 6 KMS II REALTY LP LEASE BACKED.................. ... 07/05/2008. CALLED...................................... ........................... ...........639,212 ...........624,642 ............305,357 ...................243 .................... .................... ...................... ....................0 ................... ....................243 .................. .........638,969 .........638,969 .................96 07/05/2008<br />
000000 00 0 KOOSHAREM CORP 1ST LIEN TERM L............ ... 05/27/2008. VARIOUS................................... ........................... ........1,774,210 ........2,493,750 .........2,493,750 .........2,493,750 .................... .................... ...................... ....................0 ................... ..........2,493,750 .................. ........(719,540) ........(719,540) ........126,765 07/31/2014<br />
48267* AB 3 KPMG PEAT MARWICK LLP SR NTS................ ... 07/22/2008. MATURED.................................. ........................... ........3,400,000 ........3,400,000 .........3,497,735 .........3,410,756 .................... .......(10,756) ...................... ..........(10,756) ................... ..........3,400,000 .................. ....................... ....................0 ........235,588 07/22/2008<br />
50075N AB 0 KRAFT FOODS INC NT....................................... ... 08/26/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........6,080,880 ........6,000,000 .........5,944,179 .........5,972,649 .................... ..........4,316 ...................... .............4,316 ................... ..........5,976,965 .................. .........103,915 .........103,915 ........279,375 11/01/2011<br />
501044 E@ 6 KROGER CORP 1ST MTG.................................. ... 06/15/2008. SCHEDULED REPAYMENT...... ........................... ...........820,677 ...........820,677 ............820,677 ............820,677 .................... .................... ...................... ....................0 ................... .............820,677 .................. ....................... ....................0 ..........53,734 06/15/2009<br />
501673 AA 5 LA ARENA FUNDING LLC ARENA REV............. ... 12/15/2008. UNASSIGNED REPAYMENT.... ........................... ...........922,921 ...........922,921 ............922,921 ............922,921 .................... .................... ...................... ....................0 ................... .............922,921 .................. ....................... ....................0 ..........70,659 12/15/2026<br />
50540R AD 4 LABORATORY CORP OF AMERICA NTS.......... ... 11/13/2008. BONY CAPITAL MARKETS....... ........................... ........1,407,255 ........1,500,000 .........1,496,790 .........1,498,157 .................... .............285 ...................... ................285 ................... ..........1,498,442 .................. ..........(91,187) ..........(91,187) ........107,021 02/01/2013<br />
507199 AB 3 LAGUNA DEV CORP ENTERPRISE TXB........... ... 06/02/2008. UNASSIGNED REPAYMENT.... ........................... ........1,905,000 ........1,905,000 .........1,905,000 .........1,905,000 .................... .................... ...................... ....................0 ................... ..........1,905,000 .................. ....................... ....................0 ..........63,437 06/01/2015<br />
51157* AA 2 LAKEHEAD PIPELINE FMB................................ ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........400,000 ...........400,000 ............426,863 ............400,153 .................... ............(153) ...................... ...............(153) ................... .............400,000 .................. ....................... ....................0 ..........36,600 12/15/2011<br />
51265# AA 7 LAKEWOOD PIPELINE EASEMENT ARC.......... ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ...............9,101 ...............9,101 ................9,101 ................9,101 .................... .................... ...................... ....................0 ................... .................9,101 .................. ....................... ....................0 ...............738 04/01/2026<br />
524901 AH 8 LEGG MASON INC SR NT.................................. ... 12/31/2008. VARIOUS................................... ........................... ......33,000,000 ......33,000,000 .......33,564,842 .......33,051,002 .................... .......(51,002) ...................... ..........(51,002) ................... ........33,000,000 .................. ....................... ....................0 .....2,227,500 07/02/2008<br />
524660 C# 2 LEGGETT PLATT INC MTN................................. ... 09/09/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........3,000,000 .........3,000,000 .................... .................... ...................... ....................0 ................... ..........3,000,000 .................. ....................... ....................0 ........176,042 09/09/2008<br />
525170 AE 6 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........119,598 ...........119,598 ............119,598 ............119,598 .................... .................... ...................... ....................0 ................... .............119,598 .................. ....................... ....................0 ............4,621 02/01/2012<br />
525170 AJ 5 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........116,345 ...........116,345 ............116,345 ............116,345 .................... .................... ...................... ....................0 ................... .............116,345 .................. ....................... ....................0 ............4,483 02/01/2012<br />
525170 AL 0 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............73,051 .............73,051 ..............73,051 ..............73,051 .................... .................... ...................... ....................0 ................... ...............73,051 .................. ....................... ....................0 ............2,828 02/01/2012<br />
525170 AN 6 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........106,309 ...........106,309 ............106,309 ............106,309 .................... .................... ...................... ....................0 ................... .............106,309 .................. ....................... ....................0 ............4,108 02/01/2012<br />
525170 AQ 9 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........139,539 ...........139,539 ............139,539 ............139,539 .................... .................... ...................... ....................0 ................... .............139,539 .................. ....................... ....................0 ............5,392 02/01/2012<br />
525170 AS 5 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............55,367 .............55,367 ..............55,367 ..............55,367 .................... .................... ...................... ....................0 ................... ...............55,367 .................. ....................... ....................0 ............2,139 02/01/2012<br />
525170 AU 0 LEHMAN ABS CORP (CIRCUIT CITY)................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........155,039 ...........155,039 ............155,039 ............155,039 .................... .................... ...................... ....................0 ................... .............155,039 .................. ....................... ....................0 ............5,991 02/01/2012<br />
52517P SZ 5 LEHMAN BROS HLDG INC MTN SER G............ ... 06/04/2008. LEHMAN BROTHERS............... ........................... ........4,559,350 ........5,000,000 .........5,113,700 .........5,100,531 .................... .........(3,421) ...................... ............(3,421) ................... ..........5,097,110 .................. ........(537,760) ........(537,760) ........166,458 11/15/2017<br />
524908 AA 8 LEHMAN BROS HLDG INC SR BD..................... ... 09/16/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........5,578,125 ......18,750,000 .......20,963,896 .......20,143,353 .................... .....(109,804) ...................... ........(109,804) ................... ........20,033,549 .................. ...(14,455,424) ...(14,455,424) .....1,650,000 03/01/2015<br />
524909 AW 8 LEHMAN BROS HLDG INC SR SB NT............... ... 11/18/2008. VARIOUS................................... ........................... ...........200,000 ........5,000,000 ................4,039 .........4,989,610 .................... .............155 ....4,983,561 .....(4,983,406) ................... .................6,204 .................. .........193,796 .........193,796 ........375,000 08/01/2026<br />
52517P SC 6 LEHMAN BROS HLDGS INC NT......................... ... 09/15/2008. JP MORGAN.............................. ........................... ........8,330,000 ......23,800,000 .......25,537,898 .......24,739,920 .................... .....(153,113) ...................... ........(153,113) ................... ........24,586,807 .................. ...(16,256,807) ...(16,256,807) .....1,576,750 01/18/2012<br />
524908 UB 4 LEHMAN BROS HLDGS INC SB NT................... ... 06/04/2008. LEHMAN BROTHERS............... ........................... ......16,505,330 ......18,500,000 .......18,436,915 .......18,442,500 .................... ..........2,183 ...................... .............2,183 ................... ........18,444,683 .................. .....(1,939,353) .....(1,939,353) ........992,833 01/03/2017<br />
52517P VU 2 LEHMAN BROTHERS HLDG INC MTN T........... ... 09/15/2008. JP MORGAN.............................. ........................... ...........640,000 ........2,000,000 .........1,964,200 .........1,990,548 .................... ..........5,578 ...................... .............5,578 ................... ..........1,996,126 .................. .....(1,356,126) .....(1,356,126) ..........36,000 03/13/2009<br />
52517P YN 5 LEHMAN BROTHERS HLDGS INC MTN............ ... 09/15/2008. JP MORGAN.............................. ........................... ...........162,500 ...........500,000 ............497,555 ............498,932 .................... .............358 ...................... ................358 ................... .............499,290 .................. ........(336,790) ........(336,790) ..........21,250 01/27/2010
E14.28<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
52517P 5Y 3 LEHMAN BROTHERS HLDGS INC MTN............ ... 06/04/2008. LEHMAN BROTHERS............... ........................... ........4,610,000 ........5,000,000 .........4,990,400 .........4,990,458 .................... .............102 ...................... ................102 ................... ..........4,990,560 .................. ........(380,560) ........(380,560) ........245,972 09/27/2027<br />
52517P VV 0 LEHMAN BROTHERS HOLDINGS INC M.......... ... 09/15/2008. JP MORGAN.............................. ........................... ........1,650,000 ........5,000,000 .........5,014,050 .........5,010,356 .................... .........(1,048) ...................... ............(1,048) ................... ..........5,009,308 .................. .....(3,359,308) .....(3,359,308) ........120,000 03/13/2014<br />
524908 CM 0 LEHMAN BROTHERS HOLDINGS SR BD......... ... 03/18/2008. AEGON USA.............................. ........................... ........1,241,938 ........1,250,000 .........1,244,813 .........1,248,255 .................... .............141 ...................... ................141 ................... ..........1,248,396 .................. ............(6,458) ............(6,458) ..........59,883 08/15/2010<br />
524908 CF 5 LEHMAN BROTHERS HOLDINGS SR NT.......... ... 01/23/2008. LEHMAN BROTHERS............... ........................... ......10,587,700 ......10,000,000 .........9,925,650 .........9,981,443 .................... .............732 ...................... ................732 ................... ..........9,982,176 .................. .........605,524 .........605,524 ........190,313 11/01/2009<br />
52521H BX 0 LEHMAN MTG 06 9 B1 CMO............................... ... 12/31/2008. VARIOUS................................... ........................... .............22,725 .............22,725 ..............17,341 ..............22,725 .................... .................... ...................... ....................0 ................... ...............22,725 .................. ....................... ....................0 ...............779 01/25/2037<br />
529772 AC 9 LEXMARK INTL INC SR NT................................. ... 05/15/2008. MATURED.................................. ........................... ........8,860,000 ........8,860,000 .........8,236,499 .........8,819,361 .................... ........40,639 ...................... ...........40,639 ................... ..........8,860,000 .................. ....................... ....................0 ........299,025 05/15/2008<br />
Q5581# AA 2 LION NATHAN FIN (AUSTRALIA) SR................. F. 02/28/2008. SCHEDULED REPAYMENT...... ........................... ........2,200,000 ........2,200,000 .........2,245,689 .........2,200,036 .................... ..............(36) ...................... .................(36) ................... ..........2,200,000 .................. ....................... ....................0 ..........95,150 02/28/2012<br />
539830 AJ 8 LOCKHEED MARTIN CORP GTD NT................. ... 06/15/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........7,086,386 .........7,005,017 .................... .........(5,017) ...................... ............(5,017) ................... ..........7,000,000 .................. ....................... ....................0 ........269,500 06/15/2008<br />
54313P AB 9 LONGPORT FDG II LTD/CORP CL B.................. ... 06/30/2008. VARIOUS................................... ........................... .............68,722 .............68,722 ................6,334 ..............68,722 .................... .................... ...................... ....................0 ................... ...............68,722 .................. ....................... ....................0 ............1,546 02/03/2040<br />
543134 20 9 LONGPORT FDG LTD 144A PREF SHS............ ... 09/30/2008. VARIOUS................................... ........................... ...........101,215 ...........101,215 ..............18,535 ............101,215 .................... .................... ...................... ....................0 ................... .............101,215 .................. ....................... ....................0 ............2,530 01/30/2038<br />
501900 AC 8 LS POWER FUNDING CORP SR SECD............. ... 12/31/2008. UNASSIGNED REPAYMENT.... ........................... ........1,205,890 ........1,205,890 .........1,246,151 .........1,206,066 .................... ............(176) ...................... ...............(176) ................... ..........1,205,890 .................. ....................... ....................0 ..........79,233 06/30/2010<br />
549271 AC 8 LUBRIZOL CORP NTS......................................... ... 12/01/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 .........1,089,940 .........1,005,643 .................... .......(15,379) ...................... ..........(15,379) ................... ..........1,000,000 .................. ....................... ....................0 ..........58,750 12/01/2008<br />
54948# AB 4 LUCITE INTL US FINCO LLC TRNCH................. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............1,120 ...............1,120 ................1,120 ................1,120 .................... .................... ...................... ....................0 ................... .................1,120 .................. ....................... ....................0 .................40 09/30/2013<br />
000000 00 0 LUCITE INTL US FINCO LLC TRNCH................. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ..................392 ..................392 ...................392 ...................392 .................... .................... ...................... ....................0 ................... ....................392 .................. ....................... ....................0 .................14 09/30/2013<br />
55259P AE 6 M&I MARSHALL & ILSLEY BANK NTS............... ... 09/15/2008. VARIOUS................................... ........................... ......16,740,000 ......22,000,000 .......22,006,950 .......22,005,564 .................... ............(365) ...................... ...............(365) ................... ........22,005,255 .................. .....(5,265,255) .....(5,265,255) ........791,358 06/16/2015<br />
564759 K# 4 M&T BANK CORP PTC (CVS CORP.................. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........266,402 ...........266,402 ............266,402 ............266,402 .................... .................... ...................... ....................0 ................... .............266,402 .................. ....................... ....................0 ..........10,430 01/15/2020<br />
55448Q AB 2 MACK-CALI REALTY LP NTS............................. ... 11/18/2008. TENDERED................................ ........................... ........7,000,000 ........7,000,000 .........7,963,200 .........7,254,470 .................... .....(184,784) ...................... ........(184,784) ................... ..........7,069,685 .................. ..........(69,685) ..........(69,685) ........596,313 03/15/2009<br />
558263 AL 3 MADISON SQUARE 2004-1 LTD/CORP............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,676,675 ........1,676,675 .........1,680,937 .........1,671,402 .................... ..........5,273 ...................... .............5,273 ................... ..........1,676,675 .................. ....................... ....................0 ..........94,821 09/25/2043<br />
56081# AC 4 MAJOR LEAGUE BASEBALL TR TERM............ ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ........4,518,750 ........4,518,750 .........4,506,237 .........4,518,513 .................... .............237 ...................... ................237 ................... ..........4,518,750 .................. ....................... ....................0 ........248,229 12/16/2013<br />
56271Q AA 4 MANGROVE BAY PSTHR TR 144A BD.............. ... 08/04/2008. EXCHANGED............................. ........................... ......11,700,000 ......11,700,000 .......11,700,000 .......11,700,000 .................... .................... ...................... ....................0 ................... ........11,700,000 .................. ....................... ....................0 ........751,614 07/13/2033<br />
56460E AA 2 MANTIS REEF CUSTODY ARRANGEMEN....... ... 11/14/2008. MATURED.................................. ........................... ........9,000,000 ........9,000,000 .........9,000,000 .........9,000,000 .................... .................... ...................... ....................0 ................... ..........9,000,000 .................. ....................... ....................0 ........422,280 11/14/2008<br />
56633# AF 0 MARCUS CORP SER C TRANCHE B SR.......... ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,142,858 ........3,142,858 .........3,142,059 .........3,142,856 .................... .................1 ...................... ....................1 ................... ..........3,142,858 .................. ....................... ....................0 ........107,171 05/01/2014<br />
57143* AB 4 MARQUEE CINEMAS INC SR SB NTS.............. ... 07/08/2008. VARIOUS................................... ........................... ........7,345,569 ........7,345,569 .........4,229,818 .........4,235,248 .................... .................... ...................... ....................0 ................... ..........4,235,248 .................. ......3,110,321 ......3,110,321 ........688,435 10/08/2013<br />
573284 AE 6 MARTIN MARIETTA MATERIALS NTS............... ... 06/27/2008. HSBC SECURITIES INC............ ........................... ......13,907,704 ......13,865,000 .......13,729,939 .......13,850,154 .................... ..........7,924 ...................... .............7,924 ................... ........13,858,078 .................. ...........49,626 ...........49,626 ........477,428 12/01/2008<br />
574599 AS 5 MASCO CORP NT............................................... ... 10/15/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .......10,000,000 .......10,000,000 .................... .................... ...................... ....................0 ................... ........10,000,000 .................. ....................... ....................0 ........575,000 10/15/2008<br />
574599 BE 5 MASCO CORP SR FLTG RT NT......................... ... 01/11/2008. SALOMON SMITH BARNEY INC ........................... .............23,625 .............25,000 ..............24,933 ..............24,942 .................... .................1 ...................... ....................1 ................... ...............24,943 .................. ............(1,318) ............(1,318) ...............132 03/12/2010<br />
574754 AA 5 MASHANTUCKET WESTERN PEQUOT TR...... ... 09/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........300,000 ...........300,000 ............344,307 ............322,888 .................... .......(22,888) ...................... ..........(22,888) ................... .............300,000 .................. ....................... ....................0 ..........20,730 09/01/2012<br />
574754 AB 3 MASHANTUCKET WESTERN PEQUOT TR...... ... 09/01/2008. VARIOUS................................... ........................... ........1,000,002 ........1,000,002 ............977,227 ............992,330 .................... ..........7,672 ...................... .............7,672 ................... ..........1,000,002 .................. ....................... ....................0 ..........65,700 09/01/2013<br />
G5747# AB 2 MASISA OVERSEAS LTD SER B SR N............. F. 05/15/2008. MATURED.................................. ........................... ...........492,000 ...........492,000 ............600,819 ............493,137 .................... .........(1,137) ...................... ............(1,137) ................... .............492,000 .................. ....................... ....................0 ..........19,828 05/15/2008<br />
576434 GY 4 MASTER ALT LN TR 2003-7 CL 3A1.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,412,177 ........1,412,177 .........1,405,103 .........1,411,434 .................... .............744 ...................... ................744 ................... ..........1,412,177 .................. ....................... ....................0 ..........46,774 11/25/2033<br />
576434 AE 4 MASTER ALTERNATIVE LN TR 2002-............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,749,931 ........1,749,931 .........1,771,864 .........1,765,073 .................... .......(15,142) ...................... ..........(15,142) ................... ..........1,749,931 .................. ....................... ....................0 ..........46,861 07/25/2032<br />
576436 CD 9 MASTER SPECIALIZED LN TR SER 2............... ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ...........699,012 ...........699,012 ............699,010 ............699,011 .................... .................... ...................... ....................0 ................... .............699,012 .................. ....................... ....................0 ..........13,709 07/25/2035<br />
576433 NB 8 MASTR ADJ RT MTG 04-5 7A1 CMO................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........392,487 ...........392,487 ............392,942 ............393,941 .................... .........(1,454) ...................... ............(1,454) ................... .............392,487 .................. ....................... ....................0 ............6,914 05/25/2034<br />
576433 GS 9 MASTR ADJ RT MTGS TR 2003-6 CL................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........316,767 ...........316,767 ............324,408 ............319,706 .................... .........(2,939) ...................... ............(2,939) ................... .............316,767 .................. ....................... ....................0 ............8,370 12/25/2033<br />
57645D AV 4 MASTR ALT LN TR 06 3 B3 ALT CM.................. ... 12/31/2008. VARIOUS................................... ........................... .............21,123 .............21,123 ................9,681 ..............20,812 .................... .............311 ...................... ................311 ................... ...............21,123 .................. ....................... ....................0 ...............742 07/25/2036<br />
57645D AW 2 MASTR ALT LN TR 06 3 B4 ALT CM.................. ... 12/31/2008. VARIOUS................................... ........................... .............16,380 .............16,380 ................8,649 ..............15,833 .................... .............547 ...................... ................547 ................... ...............16,380 .................. ....................... ....................0 ...............583 07/25/2036<br />
576434 NU 4 MASTR ALT LN TR 2004-3 1A1 CMO................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........426,590 ...........426,590 ............433,480 ............427,649 .................... .........(1,059) ...................... ............(1,059) ................... .............426,590 .................. ....................... ....................0 ..........11,457 03/25/2019<br />
576434 BR 4 MASTR ALTERNATIVE LN TR MALT 0.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,250,969 ........2,250,969 .........2,250,969 .........2,250,969 .................... .................... ...................... ....................0 ................... ..........2,250,969 .................. ....................... ....................0 ..........54,826 12/25/2032<br />
576434 KU 7 MASTR ALTERNATIVE LN TR 2003-9................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........285,691 ...........285,691 ............290,582 ............286,237 .................... ............(547) ...................... ...............(547) ................... .............285,691 .................. ....................... ....................0 ............7,948 12/25/2018<br />
576434 LT 9 MASTR ALTERNATIVE LN 04-1 2A1.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............43,298 .............43,298 ..............61,153 ..............41,251 .................... ..........2,046 ...................... .............2,046 ................... ...............43,298 .................. ....................... ....................0 ............1,528 01/25/2034<br />
576434 PM 0 MASTR ALTERNATIVE LN 04-3 B3 V................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............52,839 .............52,839 ..............51,091 ..............52,485 .................... .............354 ...................... ................354 ................... ...............52,839 .................. ....................... ....................0 ............2,194 04/25/2034<br />
576434 JW 5 MASTR ALTERNATIVE 2003-8 3A3.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,717 ...............4,717 ................4,701 ................4,715 .................... .................2 ...................... ....................2 ................... .................4,717 .................. ....................... ....................0 ...............259 12/25/2033<br />
55265K PG 8 MASTR ASSET SEC TR MASTR 02-8................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........704,889 ...........704,889 ............708,733 ............705,444 .................... ............(555) ...................... ...............(555) ................... .............704,889 .................. ....................... ....................0 ..........21,456 12/25/2032<br />
55265K 4H 9 MASTR ASSET SEC TR MASTR 03-12.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........257,987 ...........257,987 ............256,859 ............257,788 .................... .............200 ...................... ................200 ................... .............257,987 .................. ....................... ....................0 ............7,142 12/25/2033<br />
57643M FC 3 MASTR ASSET SEC TR MASTR 04-9................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,906,076 ........1,906,076 .........1,905,323 .........1,906,026 .................... ...............51 ...................... ..................51 ................... ..........1,906,076 .................. ....................... ....................0 ..........46,964 09/25/2019<br />
576436 CN 7 MASTR SPECIALIZED LN TR 05-3 A................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........746,765 ...........746,765 ............746,630 ............746,767 .................... ................(2) ...................... ...................(2) ................... .............746,765 .................. ....................... ....................0 ..........19,601 11/25/2035<br />
5526E0 AK 9 MBNA AMER BK NA 144A SR MTN................... ... 01/15/2008. MATURED.................................. ........................... ........5,500,000 ........5,500,000 .........5,515,624 .........5,500,145 .................... ............(145) ...................... ...............(145) ................... ..........5,500,000 .................. ....................... ....................0 ........147,813 01/15/2008<br />
58013M EC 4 MCDONALDS CORP MTN.................................. ... 01/16/2008. SALOMON SMITH BARNEY INC ........................... .............10,255 .............10,000 ................9,976 ................9,976 .................... .................... ...................... ....................0 ................... .................9,976 .................. ................279 ................279 ...............165 10/15/2037<br />
581557 AT 2 MCKESSON CORPORATION CO GUARNT...... ... 03/01/2008. MATURED.................................. ........................... ........8,000,000 ........8,000,000 .........7,981,120 .........7,999,576 .................... .............424 ...................... ................424 ................... ..........8,000,000 .................. ....................... ....................0 ........256,000 03/01/2008<br />
552708 AA 7 MDM DPR SER 2007-1A FLTG SR SE............... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........5,600,000 ........5,600,000 .........5,600,000 .........5,600,000 .................... .................... ...................... ....................0 ................... ..........5,600,000 .................. ....................... ....................0 ........210,286 06/15/2012<br />
000000 00 0 MEDIACOM LLC TRNCH C TERM LOAN........... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............25,000 .............25,000 ..............25,107 ..............25,051 .................... ..............(51) ...................... .................(51) ................... ...............25,000 .................. ....................... ....................0 ...............802 02/01/2014<br />
585166 AD 3 MEGO MTG FHA TITLE I LOAN TRUS............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............16,745 .............16,745 ................3,130 ..............16,740 .................... .................5 ...................... ....................5 ................... ...............16,745 .................. ....................... ....................0 ...............423 11/25/2022<br />
58526# AA 7 MEIJER FINANCE INC SR SEC NTS.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........609,533 ...........609,533 ............609,533 ............609,533 .................... .................... ...................... ....................0 ................... .............609,533 .................. ....................... ....................0 ..........36,755 06/01/2012<br />
58526# AE 9 MEIJER FINANCE INC SR SEC NTS.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........554,489 ...........554,489 ............554,489 ............554,489 .................... .................... ...................... ....................0 ................... .............554,489 .................. ....................... ....................0 ..........33,436 06/01/2012
E14.29<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
58526# AJ 8 MEIJER FINANCE INC SR SEC NTS.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........609,533 ...........609,533 ............609,533 ............609,533 .................... .................... ...................... ....................0 ................... .............609,533 .................. ....................... ....................0 ..........36,755 06/01/2012<br />
58526# AN 9 MEIJER FINANCE INC SR SEC NTS.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........586,244 ...........586,244 ............586,244 ............586,244 .................... .................... ...................... ....................0 ................... .............586,244 .................. ....................... ....................0 ..........35,351 06/01/2012<br />
585510 CE 8 MELLON FINANCIAL NT..................................... ... 03/01/2008. MATURED.................................. ........................... ........2,400,000 ........2,400,000 .........2,488,317 .........2,402,879 .................... .........(2,879) ...................... ............(2,879) ................... ..........2,400,000 .................. ....................... ....................0 ..........80,400 03/01/2008<br />
58574* AA 2 MELVILLE CORP & SUBS ESOP TRUS............. ... 12/31/2008. MATURED.................................. ........................... ........1,215,626 ........1,215,626 .........1,270,029 .........1,215,844 .................... ............(218) ...................... ...............(218) ................... ..........1,215,626 .................. ....................... ....................0 ........331,033 12/31/2008<br />
589497 AA 4 MEREY SWEENY LP/SWEENY FDG COR........ ... 12/18/2008. SCHEDULED REPAYMENT...... ........................... ........1,573,952 ........1,573,952 .........1,555,561 .........1,573,809 .................... .............144 ...................... ................144 ................... ..........1,573,952 .................. ....................... ....................0 ........105,225 12/18/2019<br />
58983* CG 2 MERIDIAN TR TTX EQ TR 32-B.......................... ... 01/29/2008. MATURED.................................. ........................... .............22,137 .............22,137 ..............22,137 ..............22,137 .................... .................... ...................... ....................0 ................... ...............22,137 .................. ....................... ....................0 ...............264 01/29/2008<br />
58983* CF 4 MERIDIAN TRUST TTX EQ TR 32-A.................. ... 01/29/2008. SCHEDULED REPAYMENT...... ........................... .............48,882 .............48,882 ..............48,882 ..............48,882 .................... .................... ...................... ....................0 ................... ...............48,882 .................. ....................... ....................0 ............2,405 01/29/2010<br />
58983* DY 2 MERIDIAN TRUST USWEST GTD LEAS........... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...........105,448 ...........105,448 ............105,448 ............105,448 .................... .................... ...................... ....................0 ................... .............105,448 .................. ....................... ....................0 ............4,613 01/01/2012<br />
58984Q AA 8 MERISTAR COMM MTG TR 144A SER.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,171,936 ........1,171,936 .........1,168,040 .........1,171,934 .................... .................2 ...................... ....................2 ................... ..........1,171,936 .................. ....................... ....................0 ..........46,781 03/03/2016<br />
59018Y QU 8 MERRILL LYNCH & CO SER B MTN.................. ... 04/21/2008. MATURED.................................. ........................... ........3,500,000 ........3,500,000 .........3,541,369 .........3,502,879 .................... .........(2,879) ...................... ............(2,879) ................... ..........3,500,000 .................. ....................... ....................0 ..........64,750 04/21/2008<br />
590188 ES 3 MERRILL LYNCH & COMPANY INC NT............. ... 04/27/2008. MATURED.................................. ........................... ......12,000,000 ......12,000,000 .......12,171,860 .......12,005,783 .................... .........(5,783) ...................... ............(5,783) ................... ........12,000,000 .................. ....................... ....................0 ........420,000 04/27/2008<br />
590188 JF 6 MERRILL LYNCH GLOBAL NT - SR U................ ... 09/16/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
........8,379,600 ......10,000,000 .........9,915,000 .........9,942,110 .................... ..........2,821 ...................... .............2,821 ................... ..........9,944,931 .................. .....(1,565,331) .....(1,565,331) ........765,556 07/15/2018<br />
589929 3T 3 MERRILL LYNCH MTG INVS INC 200................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........994,889 ...........994,889 ............994,370 ............994,648 .................... .............241 ...................... ................241 ................... .............994,889 .................. ....................... ....................0 ..........27,041 08/25/2033<br />
589929 PU 6 MERRILL LYNCH MTG INVS 98-C1-C................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............84,151 .............84,151 ..............89,198 ..............84,130 .................... ...............22 ...................... ..................22 ................... ...............84,151 .................. ....................... ....................0 ............5,655 11/15/2026<br />
59179# AA 5 METROPCS WIRELESS INC TRNCH B............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............18,844 .............18,844 ..............18,740 ..............18,754 .................... ...............90 ...................... ..................90 ................... ...............18,844 .................. ....................... ....................0 ...............689 02/20/2014<br />
592907 AB 5 MEYER FRED INC DEL NT................................. ... 03/01/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........3,079,140 .........3,009,627 .................... .........(9,627) ...................... ............(9,627) ................... ..........3,000,000 .................. ....................... ....................0 ........111,750 03/01/2008<br />
593171 AS 0 MEZZ CAP COM MTG 04-C2 A 144A................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,589 ...............4,589 ................4,584 ................4,591 .................... ................(1) ...................... ...................(1) ................... .................4,589 .................. ....................... ....................0 ...............135 10/15/2014<br />
593171 AA 9 MEZZ CAP COML MTG 04-C1 A 144A............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............61,686 .............61,686 ..............61,685 ..............61,685 .................... .................... ...................... ....................0 ................... ...............61,686 .................. ....................... ....................0 ............1,631 01/15/2037<br />
593171 BJ 9 MEZZ CAP COML MTG 05-C3 A 144A............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............22,865 .............22,865 ..............22,865 ..............22,865 .................... .................... ...................... ....................0 ................... ...............22,865 .................. ....................... ....................0 ...............661 05/15/2044<br />
59548P AB 5 MID STATE CAP CORP 06 1 M1 144................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............83,900 .............83,900 ..............83,900 ..............83,900 .................... .................... ...................... ....................0 ................... ...............83,900 .................. ....................... ....................0 ............2,324 10/15/2040<br />
59560U AA 9 MID STATE CAP CORP 2004 1 TR C................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........273,969 ...........273,969 ............273,967 ............273,968 .................... .................... ...................... ....................0 ................... .............273,969 .................. ....................... ....................0 ............8,323 08/15/2037<br />
59549W AA 1 MID STATE TR XI CL A ASB............................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........151,455 ...........151,455 ............151,452 ............151,455 .................... .................... ...................... ....................0 ................... .............151,455 .................. ....................... ....................0 ............3,725 07/15/2038<br />
59549W AC 7 MID STATE TR XI CL M2 HEL............................. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... .............37,878 .............37,878 ..............37,878 ..............37,878 .................... .................... ...................... ....................0 ................... ...............37,878 .................. ....................... ....................0 ............1,322 07/15/2038<br />
59560# AB 0 MID-AM PFD CAP TRUST I CUM GTD............... ... 08/27/2008. SCHEDULED REPAYMENT...... ........................... ........2,336,486 ........2,336,486 .........2,336,486 .........2,336,486 .................... .................... ...................... ....................0 ................... ..........2,336,486 .................. ....................... ....................0 ........137,210 08/27/2009<br />
59549P AA 6 MID-STATE HOMES IV SER 1 CL A................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........520,846 ...........520,846 ............520,762 ............520,838 .................... .................9 ...................... ....................9 ................... .............520,846 .................. ....................... ....................0 ..........26,016 04/01/2030<br />
600388 AA 0 MILLER BREWING CO GTD 144A NT................ ... 08/15/2008. MATURED.................................. ........................... ......18,000,000 ......18,000,000 .......17,957,063 .......17,994,099 .................... ..........5,901 ...................... .............5,901 ................... ........18,000,000 .................. ....................... ....................0 ........765,000 08/15/2008<br />
589929 LR 7 MLMI SER 1996-C1 CL IO 144A P..................... ... 12/30/2008. VARIOUS................................... ........................... .............33,235 ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ...........33,235 ...........33,235 ...................... 04/25/2028<br />
589929 MK 1 MLMI SER 1996-C2 CLASS IO PST................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .......................... ......................... ..............16,372 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ............2,935 11/21/2028<br />
589929 F3 7 MLMI SER 2003-A1 3A........................................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........370,737 ...........370,737 ............377,557 ............376,845 .................... .........(6,107) ...................... ............(6,107) ................... .............370,737 .................. ....................... ....................0 ............9,530 12/25/2032<br />
589929 UK 2 MLMI SER 99-C1 CL X-IO CMBS........................ ... 12/15/2008. VARIOUS................................... ........................... ...........644,951 ......................... ................7,073 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. .........644,951 .........644,951 ...................... 11/15/2031<br />
607059 BP 6 MOBIL CORP SER 96-A PSTHR CTFS.............. ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........111,175 ...........111,175 ............120,379 ............111,185 .................... ..............(10) ...................... .................(10) ................... .............111,175 .................. ....................... ....................0 ............5,845 07/02/2017<br />
61746R BY 6 MORG STAN ABS CAP I TR 03-HE1.................. ... 04/25/2008. SCHEDULED REPAYMENT...... ........................... ...........101,617 ...........101,617 ..............97,688 ............100,604 .................... ..........1,013 ...................... .............1,013 ................... .............101,617 .................. ....................... ....................0 ............1,614 05/25/2033<br />
61745M JJ 3 MORG STAN CAP 1 1998-XL2 CL C................... ... 10/01/2008. CALLED AT 100......................... ........................... ........3,388,000 ........3,388,000 .........3,488,052 .........3,397,091 .................... .........(9,091) ...................... ............(9,091) ................... ..........3,388,000 .................. ....................... ....................0 ........185,252 10/03/2034<br />
61745M KL 6 MORGAN STANLEY CAP I INC SER 9............... ... 12/15/2008. VARIOUS................................... ........................... ........7,550,000 ........7,550,000 .........7,574,954 .........7,552,662 .................... .............564 ...................... ................564 ................... ..........7,553,226 .................. ............(3,226) ............(3,226) ........481,671 11/15/2031<br />
61745M YY 3 MORGAN STANLEY CAP I MSC 04-IQ.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,093,162 ........1,093,162 .........1,104,255 .........1,093,772 .................... ............(610) ...................... ...............(610) ................... ..........1,093,162 .................. ....................... ....................0 ..........38,855 06/15/2038<br />
61745M QL 0 MORGAN STANLEY CAP I MSC 2003-.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........895,984 ...........895,984 ............902,558 ............896,032 .................... ..............(49) ...................... .................(49) ................... .............895,984 .................. ....................... ....................0 ..........17,866 05/15/2040<br />
61745M MG 5 MORGAN STANLEY CAP I SER 1999-............... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... .......................... ......................... ..............18,513 .....................20 .................... ..............(20) ...................... .................(20) ................... ........................... .................. ....................... ....................0 ............1,794 04/03/2014<br />
61750C AF 4 MORGAN STANLEY CAP I TR 2006 H............... ... 04/28/2008. SOVEREIGN SECURITIES....... ........................... .............39,640 .............40,000 ..............39,395 ..............39,417 .................... .................5 ...................... ....................5 ................... ...............39,435 .................. ................205 ................205 ...............955 07/12/2044<br />
61745M F4 0 MORGAN STANLEY CAP 04-RR2 A2 1.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,428,305 ........1,428,305 .........1,439,134 .........1,428,370 .................... ..............(65) ...................... .................(65) ................... ..........1,428,305 .................. ....................... ....................0 ..........45,892 10/28/2033<br />
61745M JR 5 MORGAN STANLEY CAP 1 SER 98-HF............. ... 07/15/2008. VARIOUS................................... ........................... ........2,952,160 ........2,952,160 .........3,002,140 .........2,963,294 .................... .........(2,167) ...................... ............(2,167) ................... ..........2,961,127 .................. ............(8,967) ............(8,967) ..........72,773 07/15/2030<br />
61745M JS 3 MORGAN STANLEY CAP 1 SER 98-HF............. ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ........7,906,000 ........7,906,000 .........7,809,030 .........7,906,000 .................... .................... ...................... ....................0 ................... ..........7,906,000 .................. ....................... ....................0 ........324,812 08/15/2030<br />
61745M KY 8 MORGAN STANLEY CAPITAL SER 99-............. ... 09/01/2008. SCHEDULED REPAYMENT...... ........................... ...........244,365 ...........244,365 ............286,979 ............250,213 .................... .........(5,848) ...................... ............(5,848) ................... .............244,365 .................. ....................... ....................0 ............9,523 12/15/2031<br />
61745M GJ 6 MORGAN STANLEY CMBS 1998-XL1 C............ ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,964,795 ........3,964,795 .........4,105,911 .........3,965,511 .................... ............(717) ...................... ...............(717) ................... ..........3,964,795 .................. ....................... ....................0 ..........21,410 06/03/2030<br />
617446 AB 5 MORGAN STANLEY GROUP INC DEBS........... ... 06/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,269,313 .........5,012,862 .................... .......(12,862) ...................... ..........(12,862) ................... ..........5,000,000 .................. ....................... ....................0 ........250,000 06/15/2008<br />
61748H NF 4 MORGAN STANLEY MTG LN 05-6AR B............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,152 .............15,152 ..............14,711 ..............15,013 .................... .............139 ...................... ................139 ................... ...............15,152 .................. ....................... ....................0 ...............568 11/25/2035<br />
61748H RA 1 MORGAN STANLEY MTG LN 05-9AR 3............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........295,532 ...........295,532 ............295,055 ............295,750 .................... ............(218) ...................... ...............(218) ................... .............295,532 .................. ....................... ....................0 ............7,367 12/25/2035<br />
61748H HW 4 MORGAN STANLEY MTG LOAN TR MSM........ ... 12/31/2008. VARIOUS................................... ........................... ...........655,068 ...........655,068 ............655,133 ............655,107 .................... ..............(39) ...................... .................(39) ................... .............655,068 .................. ....................... ....................0 ..........18,778 03/25/2035<br />
616912 AA 9 MORGANBERRY CORPORATION CL A B........ ... 09/30/2008. SCHEDULED REPAYMENT...... ........................... ........1,555,772 ........1,555,772 .........1,555,772 .........1,555,772 .................... .................... ...................... ....................0 ................... ..........1,555,772 .................. ....................... ....................0 ..........91,617 03/31/2019<br />
61910D FK 3 MORTGAGE CAP FDG INC SER 98-MC............ ... 04/01/2008. SCHEDULED REPAYMENT...... ........................... ........5,161,570 ........5,161,570 .........5,711,267 .........5,191,982 .................... .......(30,412) ...................... ..........(30,412) ................... ..........5,161,570 .................. ....................... ....................0 ..........63,845 07/18/2031<br />
61913P AR 3 MORTGAGE IT TR 2005-1 CL 2A CM................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........606,126 ...........606,126 ............604,735 ............605,879 .................... .............247 ...................... ................247 ................... .............606,126 .................. ....................... ....................0 ..........12,849 02/25/2035<br />
620076 AH 2 MOTOROLA INC DB............................................ ... 07/09/2008. GOLDMAN SACHS & COMPANY........................... ......20,822,804 ......26,022,000 .......29,793,720 .......29,622,871 .................... .......(64,423) ...................... ..........(64,423) ................... ........29,558,448 .................. .....(8,735,644) .....(8,735,644) .....1,295,679 05/15/2025<br />
620076 AK 5 MOTOROLA INC DB............................................ ... 06/27/2008. BARCLAYS CAPITAL................ ........................... ........5,059,295 ........6,791,000 .........7,350,035 .........7,324,116 .................... .........(8,967) ...................... ............(8,967) ................... ..........7,315,149 .................. .....(2,255,854) .....(2,255,854) ........369,072 09/01/2025<br />
553206 AA 1 MPC NATURAL GAS FNDG TR 1998-1.............. ... 09/15/2008. SCHEDULED REPAYMENT...... ........................... ...........171,956 ...........171,956 ............181,485 ............172,736 .................... ............(779) ...................... ...............(779) ................... .............171,956 .................. ....................... ....................0 ............7,667 03/15/2013<br />
624901 AB 0 MULTI-FAMILY CAP ACCESS ONE MC............. ... 06/15/2008. VARIOUS................................... ........................... .............49,201 .............49,201 .........2,461,727 ............582,473 .................... .................... ...................... ....................0 ................... .............582,473 .................. ........(533,272) ........(533,272) ........307,018 01/15/2024<br />
62825R AA 1 MUTUAL FUND FEE TR X 1999-3 AB................ ... 12/01/2008. CALLED...................................... ........................... ...............6,443 ...............1,048 ...................416 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. .............6,443 .............6,443 ...................... 08/31/2009
E14.30<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
627914 AA 2 MUTUAL FUND FEE TR XI SER 2000................ ... 05/01/2008. VARIOUS................................... ........................... ..................818 ...........752,398 ............108,499 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ................818 ................818 ...................... 01/01/2008<br />
62826W AA 9 MUTUAL FUND FEE TRUST IX SER 9............... ... 12/09/2008. VARIOUS................................... ........................... ...............6,045 ...........456,464 ............186,873 ..............10,783 ............(459) .................... ...................... ...............(459) ................... .................6,045 .................. ....................... ....................0 ...................... 05/01/2007<br />
62827A AA 6 MUTUAL FUND FEE TRUST VII ASSE.............. ... 05/01/2008. VARIOUS................................... ........................... ..................786 ...........150,558 ..............90,530 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ................786 ................786 ...................... 05/01/2006<br />
634902 HQ 6 NATIONAL CITY BANK CLEVELAND O............. ... 05/15/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 .........1,035,587 .........1,002,952 .................... .........(2,952) ...................... ............(2,952) ................... ..........1,000,000 .................. ....................... ....................0 ..........16,500 05/15/2008<br />
63534P AC 1 NATIONAL CITY BANK CLEVELAND O............. ... 10/02/2008. GREENWICH CAPITAL MARKETS ........................... INC<br />
........9,418,500 ......29,900,000 .......30,241,265 .......30,093,776 .................... .......(35,457) ...................... ..........(35,457) ................... ........30,058,319 .................. ...(20,639,819) ...(20,639,819) .....1,503,638 12/15/2011<br />
63537Q AA 0 NATIONAL CITY BANK KENTUCKY SR............. ... 09/30/2008. GREENWICH CAPITAL MARKETS ........................... INC<br />
........2,387,000 ........7,700,000 .........7,634,705 .........7,681,229 .................... ..........4,208 ...................... .............4,208 ................... ..........7,685,437 .................. .....(5,298,437) .....(5,298,437) ........549,780 02/15/2011<br />
63534P AB 3 NATIONAL CITY BK SUB BANK NTS................. ... 07/09/2008. MORGAN STANLEY & CO........ ........................... ........1,750,000 ........2,000,000 .........2,002,720 .........2,001,204 .................... ............(186) ...................... ...............(186) ................... ..........2,001,018 .................. ........(251,018) ........(251,018) ........103,819 03/15/2011<br />
635405 AQ 6 NATIONAL CITY CORP NTS............................... ... 09/10/2008. VARIOUS................................... ........................... ........7,477,500 ......14,000,000 .......13,899,540 .......13,923,846 .................... ..........6,213 ...................... .............6,213 ................... ........13,930,059 .................. .....(6,452,559) .....(6,452,559) ........743,303 01/15/2015<br />
635405 AL 7 NATIONAL CITY CORP SB NTS......................... ... 07/09/2008. VARIOUS................................... ........................... ........3,808,750 ........4,000,000 .........3,490,387 .........3,914,132 .................... ........32,047 ...................... ...........32,047 ................... ..........3,955,839 .................. ........(147,089) ........(147,089) ........219,139 02/01/2009<br />
63730* AA 3 NATIONAL RAILROAD PASS CORP GE............ ... 06/30/2008. CALLED AT 100......................... ........................... .............16,319 .............16,319 ..............16,319 ..............16,319 .................... .................... ...................... ....................0 ................... ...............16,319 .................. ....................... ....................0 ............1,384 06/30/2011<br />
637432 BS 3 NATIONAL RURAL UTILITIES COOP................. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........191,000 ...........191,000 ............192,283 ............191,065 .................... ..............(65) ...................... .................(65) ................... .............191,000 .................. ....................... ....................0 ..........14,039 11/01/2026<br />
637432 CA 1 NATIONAL RURAL UTILITIES COOP................. ... 02/01/2008. MATURED.................................. ........................... ......15,420,000 ......15,420,000 .......15,910,565 .......15,429,004 .................... .........(9,004) ...................... ............(9,004) ................... ........15,420,000 .................. ....................... ....................0 ........478,020 02/01/2008<br />
63859C BH 5 NATIONSLINK FUNDING CORP SER 9............. ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ........9,689,941 ........9,689,941 .........9,847,733 .........9,697,923 .................... .........(7,982) ...................... ............(7,982) ................... ..........9,689,941 .................. ....................... ....................0 ........196,349 08/20/2030<br />
63859C BU 6 NATIONSLINK FUNDING CORP SER 9............. ... 10/22/2008. CALLED AT 100......................... ........................... ........7,000,000 ........7,000,000 .........7,051,406 .........7,005,778 .................... .........(5,601) ...................... ............(5,601) ................... ..........7,000,177 .................. ...............(177) ...............(177) ........374,617 11/20/2031<br />
63859C DU 4 NATIONSLINK FUNDING CORP SER 9............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........7,038,580 ........7,038,580 .........6,759,220 .........7,236,187 .................... .....(197,607) ...................... ........(197,607) ................... ..........7,038,580 .................. ....................... ....................0 ........479,997 06/20/2031<br />
63859C CY 7 NATIONSLINK FUNDING NLFC 99-SL............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,123,223 ........1,123,223 .........1,127,259 .........1,123,153 .................... ...............70 ...................... ..................70 ................... ..........1,123,223 .................. ....................... ....................0 ..........70,538 11/10/2030<br />
63615# AB 7 NATL FOOTBALL LEAGUE SER A SR............... ... 10/15/2008. SCHEDULED REPAYMENT...... ........................... ........3,056,938 ........3,056,938 .........3,056,938 .........3,056,938 .................... .................... ...................... ....................0 ................... ..........3,056,938 .................. ....................... ....................0 ........151,210 10/15/2017<br />
63615# AA 9 NATL FOOTBALL LEAGUE 2001 SR N.............. ... 10/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,799,034 ........1,799,034 .........1,810,367 .........1,799,130 .................... ..............(97) ...................... .................(97) ................... ..........1,799,034 .................. ....................... ....................0 ..........90,761 10/15/2016<br />
64109Y AB 7 NET LEASE FDG 05 LP A2 TRIPLE.................... ... 12/27/2008. SCHEDULED REPAYMENT...... ........................... ...........166,734 ...........166,734 ............166,734 ............166,734 .................... .................... ...................... ....................0 ................... .............166,734 .................. ....................... ....................0 ............4,390 02/27/2014<br />
64244* AA 0 NEW BOSTON GARDEN CORP SR SEC(......... ... 12/22/2008. SCHEDULED REPAYMENT...... ........................... ........1,199,169 ........1,199,169 .........1,185,944 .........1,198,285 .................... .............884 ...................... ................884 ................... ..........1,199,169 .................. ....................... ....................0 ..........63,993 09/22/2015<br />
64318@ AA 9 NEW CARDINALS STADIUM 2007-A S.............. ... 06/30/2008. SCHEDULED REPAYMENT...... ........................... ...........444,242 ...........444,242 ............444,242 ............444,242 .................... .................... ...................... ....................0 ................... .............444,242 .................. ....................... ....................0 ..........27,454 06/30/2032<br />
64352V GK 1 NEW CENTURY HOME EQ 04-A MI1 V............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,826,659 ........2,826,659 .........2,779,038 .........2,828,483 .................... .........(1,824) ...................... ............(1,824) ................... ..........2,826,659 .................. ....................... ....................0 ..........77,287 08/25/2034<br />
64352V EF 4 NEW CENTURY HOME EQTY LN TR 03............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........523,160 ...........523,160 ............523,077 ............523,164 .................... ................(3) ...................... ...................(3) ................... .............523,160 .................. ....................... ....................0 ..........15,522 11/25/2033<br />
64352V EK 3 NEW CENTURY HOME EQTY LN TR 03............ ... 12/01/2008. VARIOUS................................... ........................... ...........124,137 ...........124,137 ..............84,807 ............124,127 .................... .................9 ...................... ....................9 ................... .............124,137 .................. ....................... ....................0 ............3,443 11/25/2033<br />
64352V EM 9 NEW CENTURY HOME EQTY LN TR 03............ ... 11/01/2008. VARIOUS................................... ........................... .............48,887 .............48,887 ..............26,159 ..............48,873 .................... ...............14 ...................... ..................14 ................... ...............48,887 .................. ....................... ....................0 ............1,338 11/25/2033<br />
64352V EH 0 NEW CENTURY HOME EQUITY 03-5 M............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........523,803 ...........523,803 ............518,660 ............524,185 .................... ............(382) ...................... ...............(382) ................... .............523,803 .................. ....................... ....................0 ..........15,022 11/25/2033<br />
648053 AD 8 NEW PLAN EXCEL REALTY TR NTS................. ... 12/31/2008. VARIOUS................................... ........................... ...........742,500 ........2,750,000 .........2,748,075 .........2,748,599 .................... ...............98 ...................... ..................98 ................... ..........2,748,723 .................. .....(2,006,223) .....(2,006,223) ........209,313 01/15/2015<br />
64956* AC 4 NEW YORK MERCANTILE EXCHANGE............ ... 09/30/2008. DIRECT WITH COMPANY......... ........................... ........5,000,000 ........5,000,000 .........5,000,000 .........5,000,000 .................... .................... ...................... ....................0 ................... ..........5,000,000 .................. ....................... ....................0 .....2,653,679 10/01/2026<br />
64956* AB 6 NEW YORK MERCANTILE EXCHANGE S......... ... 09/30/2008. DIRECT WITH COMPANY......... ........................... ......15,000,000 ......15,000,000 .......15,000,000 .......15,000,000 .................... .................... ...................... ....................0 ................... ........15,000,000 .................. ....................... ....................0 .....5,502,017 10/01/2021<br />
64956* AA 8 NEW YORK MERCANTILE EXHANGE SE......... ... 09/30/2008. DIRECT WITH COMPANY......... ........................... ........1,815,000 ........1,815,000 .........1,909,782 .........1,851,831 .................... .......(12,004) ...................... ..........(12,004) ................... ..........1,839,826 .................. ..........(24,826) ..........(24,826) ........283,600 10/01/2011<br />
65119Q BE 2 NEWELL RUBBERMAID INC MTN SER............. ... 07/15/2008. MATURED.................................. ........................... ........2,170,000 ........2,170,000 .........2,372,092 .........2,194,715 .................... .......(24,715) ...................... ..........(24,715) ................... ..........2,170,000 .................. ....................... ....................0 ........137,795 07/15/2008<br />
65163Q AA 6 NEWMONT GOLD COMPANY PSTHR............... ... 01/05/2008. SCHEDULED REPAYMENT...... ........................... ........1,727,497 ........1,727,497 .........1,756,054 .........1,727,497 .................... .................... ...................... ....................0 ................... ..........1,727,497 .................. ....................... ....................0 ..........76,961 01/05/2009<br />
652482 AR 1 NEWS AMERICA HOLDINGS INC...................... ... 01/09/2008. MATURED.................................. ........................... ........1,350,000 ........1,350,000 .........1,342,413 .........1,349,974 .................... ...............26 ...................... ..................26 ................... ..........1,350,000 .................. ....................... ....................0 ..........44,719 01/09/2008<br />
655044 AA 3 NOBLE ENERGY INC NT.................................... ... 06/13/2008. JEFFERIES & COMPANY......... ........................... ........1,890,820 ........2,000,000 .........1,997,240 .........1,998,099 .................... .............121 ...................... ................121 ................... ..........1,998,220 .................. ........(107,400) ........(107,400) ..........70,875 04/15/2014<br />
65535V KU 1 NOMURA ASSET ACCEP CORP 2005-W.......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........305,943 ...........305,943 ............305,903 ............305,927 .................... ...............16 ...................... ..................16 ................... .............305,943 .................. ....................... ....................0 ..........11,540 03/25/2035<br />
65535V PF 9 NOMURA ASSET ACCEP 05-AP3 A5 C............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........157,819 ...........157,819 ............155,146 ............158,008 .................... ............(189) ...................... ...............(189) ................... .............157,819 .................. ....................... ....................0 ............7,194 08/25/2035<br />
655356 JF 1 NOMURA ASSET SECS CORP 98-D6 C............ ... 12/11/2008. SCHEDULED REPAYMENT...... ........................... ........2,810,379 ........2,810,379 .........2,872,940 .........2,818,838 .................... .........(8,459) ...................... ............(8,459) ................... ..........2,810,379 .................. ....................... ....................0 ..........43,850 03/15/2030<br />
655419 AD 1 NORAM ENERGY CORP DB.............................. ... 02/01/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........6,990,480 .........6,999,889 .................... .............111 ...................... ................111 ................... ..........7,000,000 .................. ....................... ....................0 ........227,500 02/01/2008<br />
655492 AG 1 NORCEN ENERGY RESOURCES LTD SR........ ... 07/02/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........3,108,450 .........3,006,815 .................... .........(6,815) ...................... ............(6,815) ................... ..........3,000,000 .................. ....................... ....................0 ........234,000 07/02/2008<br />
66137@ AA 3 NORTH PACIFIC PAPER CORP SER A............. ... 02/19/2008. MATURED.................................. ........................... ......11,000,000 ......11,000,000 .......11,000,000 .......11,000,000 .................... .................... ...................... ....................0 ................... ........11,000,000 .................. ....................... ....................0 ........377,850 02/19/2008<br />
667281 F# 1 NORTHWEST AIRLINES CORP DIP BA............ ... 10/31/2008. UNASSIGNED REPAYMENT.... ........................... ........2,541,860 ........2,541,860 .........2,541,860 .........2,541,860 .................... .................... ...................... ....................0 ................... ..........2,541,860 .................. ....................... ....................0 ........108,747 08/21/2013<br />
66939# AF 0 NORWEST BANK MN UTC EQ TR 2000............ ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... ...........577,730 ...........577,730 ............577,730 ............577,730 .................... .................... ...................... ....................0 ................... .............577,730 .................. ....................... ....................0 ..........23,485 06/30/2016<br />
62963# AB 7 NRP (OPERATING) LLC SER B SR N................ ... 06/19/2008. SCHEDULED REPAYMENT...... ........................... ...........869,688 ...........869,688 ............869,688 ............869,688 .................... .................... ...................... ....................0 ................... .............869,688 .................. ....................... ....................0 ..........21,351 06/19/2018<br />
62963# AD 3 NRP (OPERATING) LLC SR NTS SER............... ... 07/19/2008. SCHEDULED REPAYMENT...... ........................... ...........538,462 ...........538,462 ............538,462 ............538,462 .................... .................... ...................... ....................0 ................... .............538,462 .................. ....................... ....................0 ..........27,192 07/19/2020<br />
62947Q AF 5 NXP BV/NXP FDG LLC SR SECD NT................. ... 11/21/2008. FIRST BOSTON CORP............. ........................... ...........737,500 ........2,500,000 .........2,450,000 .........2,450,883 .................... ..........5,098 ...................... .............5,098 ................... ..........2,455,981 .................. .....(1,718,481) .....(1,718,481) ........219,297 10/15/2014<br />
670768 AA 8 NYNEX CORP DEB............................................. ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,998,648 ........1,998,648 .........2,253,716 .........1,998,721 .................... ..............(72) ...................... .................(72) ................... ..........1,998,648 .................. ....................... ....................0 ..........95,435 05/01/2010<br />
674135 BD 9 OAKWOOD MORTGAGE INC 96-B A6............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,112,487 ........1,112,487 .........1,109,497 .........1,112,555 .................... ..............(68) ...................... .................(68) ................... ..........1,112,487 .................. ....................... ....................0 ..........48,126 10/15/2026<br />
674135 CF 3 OAKWOOD MTG INVESTORS OAK 97-B.......... ... 11/06/2008. VARIOUS................................... ........................... .............96,477 ......................6 .......................1 .......................... .................... .................... ...................... ....................0 ................... ......................27 .................. ...........96,450 ...........96,450 ...................... 08/15/2027<br />
674135 CQ 9 OAKWOOD MTG INVESTORS OAK 97-C.......... ... 11/06/2008. VARIOUS................................... ........................... ...........144,481 ....................10 .......................5 .......................... .................... .................... ...................... ....................0 ................... ....................613 .................. .........143,868 .........143,868 ...................... 11/15/2027<br />
674135 CX 4 OAKWOOD MTG INVESTORS OAK 97-D.......... ... 11/06/2008. VARIOUS................................... ........................... ...........174,496 ......................6 .......................... .......................... .................... .................... ...................... ....................0 ................... .................4,423 .................. .........170,073 .........170,073 ...................... 02/15/2028<br />
674135 DS 4 OAKWOOD MTG INVESTORS OAK 98-B.......... ... 11/06/2008. VARIOUS................................... ........................... .............86,178 ......................7 .......................1 .......................... .................... .................... ...................... ....................0 ................... ........................7 .................. ...........86,171 ...........86,171 ...................... 04/15/2028<br />
675022 B* 7 OCEAN SPRAY CRANBERRIES INC SR........... ... 05/15/2008. MATURED.................................. ........................... ......16,250,000 ......16,250,000 .......16,250,000 .......16,250,000 .................... .................... ...................... ....................0 ................... ........16,250,000 .................. ....................... ....................0 ........521,625 05/15/2008<br />
675748 BE 6 OCWEN RES MBS OCMBS 98-R3 B1 M............ ... 05/01/2008. VARIOUS................................... ........................... .............26,799 .............26,799 ..............28,901 ..............26,799 .................... .................... ...................... ....................0 ................... ...............26,799 .................. ....................... ....................0 ........287,201 09/25/2038<br />
676220 AF 3 OFFICE DEPOT INC............................................ ... 05/14/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
......16,582,500 ......18,000,000 .......18,422,468 .......18,286,204 .................... .......(16,946) ...................... ..........(16,946) ................... ........18,269,258 .................. .....(1,686,758) .....(1,686,758) ........856,250 08/15/2013
E14.31<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
68003Q BA 3 OLD NATIONAL BANCORP MTN....................... ... 06/02/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........1,993,560 .........1,999,411 .................... .............589 ...................... ................589 ................... ..........2,000,000 .................. ....................... ....................0 ..........35,000 06/02/2008<br />
68205* AA 8 OMAHA WORLD-HERALD CO SR NTS............. ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,818,182 ........1,818,182 .........1,818,182 .........1,818,182 .................... .................... ...................... ....................0 ................... ..........1,818,182 .................. ....................... ....................0 ..........93,000 07/01/2013<br />
68210* AA 1 OMEGA LSG (US) LLC SR SEC NTS................. ... 12/12/2008. SCHEDULED REPAYMENT...... ........................... ...........103,889 ...........103,889 ............103,243 ............103,882 .................... .................6 ...................... ....................6 ................... .............103,889 .................. ....................... ....................0 ............5,015 05/12/2010<br />
67088C AA 5 OMX TIMBER FIN INVTS II LLC CL.................... ... 12/11/2008. VARIOUS................................... ........................... ...........978,750 ......13,500,000 .........1,899,547 .......13,544,356 .................... ............(769) ..11,652,303 ...(11,653,072) ................... ..........1,891,284 .................. ........(912,534) ........(912,534) ........373,950 01/29/2020<br />
688239 B@ 0 OSHKOSH TRUCK CORP TRNCH B TER......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........214,231 ...........214,231 ............216,010 ............215,652 .................... .........(1,421) ...................... ............(1,421) ................... .............214,231 .................. ....................... ....................0 ............8,194 12/06/2013<br />
000000 00 0 OSI RESTAURANT PARTNERS LLC TR............ ... 05/14/2008. VARIOUS................................... ........................... ...............7,268 ...............8,532 ................6,577 ................6,577 .................... .................... ...........1,955 ............(1,955) ................... .................6,577 .................. ................691 ................691 ...............229 06/14/2013<br />
67110@ AB 0 OSI RESTAURANT PARTNERS LLC 1S............ ... 05/14/2008. VARIOUS................................... ........................... .............89,526 ...........104,161 ..............81,144 ..............81,144 .................... .................... .........23,017 ..........(23,017) ................... ...............81,144 .................. .............8,382 .............8,382 ............2,376 06/14/2014<br />
67105E AA 0 OSI RESTAURANT PTNS LLC/INC SR.............. ... 05/14/2008. VARIOUS................................... ........................... ...........536,250 ...........750,000 ............472,500 ............750,000 .................... .................... .......277,500 ........(277,500) ................... .............472,500 .................. ...........63,750 ...........63,750 ..........32,083 06/15/2015<br />
690368 AF 2 OVERSEAS SHIPHOLDING GRP INC G............ ... 05/15/2008. CALLED AT 104.125.................. ........................... ........3,123,750 ........3,000,000 .........3,090,000 .........3,066,063 .................... .........(6,944) ...................... ............(6,944) ................... ..........3,059,119 .................. ...........64,631 ...........64,631 ........165,000 03/15/2013<br />
000000 00 0 OXBOW CARBON LLC TRNCH B TERM........... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............27,056 .............27,056 ..............27,056 ..............27,056 .................... .................... ...................... ....................0 ................... ...............27,056 .................. ....................... ....................0 ...............867 12/31/2014<br />
000000 00 0 OXBOW CARBON LLC TRNCH DD TERM......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............3,624 ...............3,624 ................3,624 ................3,624 .................... .................... ...................... ....................0 ................... .................3,624 .................. ....................... ....................0 ...............112 04/30/2014<br />
000000 00 0 PAETEC HLDGS CORP TRNCH B TERM.......... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............4,905 ...............4,905 ................4,984 ................4,920 .................... ..............(15) ...................... .................(15) ................... .................4,905 .................. ....................... ....................0 ...............162 02/28/2013<br />
695629 AU 9 PAINE WEBBER GROUP INC SR NTS.............. ... 10/15/2008. MATURED.................................. ........................... ........5,250,000 ........5,250,000 .........5,216,023 .........5,246,523 .................... ..........3,477 ...................... .............3,477 ................... ..........5,250,000 .................. ....................... ....................0 ........400,313 10/15/2008<br />
697933 AL 3 PANAMSAT CORP NT......................................... ... 01/15/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,992,530 .........2,999,958 .................... ...............42 ...................... ..................42 ................... ..........3,000,000 .................. ....................... ....................0 ..........95,625 01/15/2008<br />
697933 AS 8 PANAMSAT CORP SR NT.................................. ... 05/02/2008. TENDERED................................ ........................... ........1,975,560 ........1,956,000 .........2,074,438 .........2,037,255 .................... .........(5,092) ...................... ............(5,092) ................... ..........2,032,163 .................. ..........(56,603) ..........(56,603) ........125,673 08/15/2014<br />
700690 AJ 9 PARK PLACE ENTERTAINMENT....................... ... 01/28/2008. TENDERED................................ ........................... ........3,007,050 ........3,000,000 .........3,055,277 .........3,008,556 .................... ............(915) ...................... ...............(915) ................... ..........3,007,641 .................. ...............(591) ...............(591) ..........98,365 09/15/2008<br />
703344 AD 3 PATRICK AIR FORCE BASE BDS 144............... ... 10/14/2008. RAYMOND JAMES & ASSOC INC........................... ........6,900,000 ......10,000,000 .........8,000,000 .........8,000,000 .................... .................... ...................... ....................0 ................... ..........8,000,000 .................. .....(1,100,000) .....(1,100,000) ........633,733 09/15/2048<br />
70556M AB 8 PEGASUS AVIATION LEA SEC II SE................. ... 07/31/2008. SEAPORT GROUP (THE)......... ........................... ........5,587,500 ......15,000,000 .........9,900,000 .......10,343,656 .................... ......157,945 ...................... .........157,945 ................... ........10,501,601 .................. .....(4,914,101) .....(4,914,101) ........760,275 11/25/2016<br />
706448 AR 8 PEMEX FIN LTD NOTES..................................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........880,004 ...........880,004 ............841,970 ............879,748 .................... .............257 ...................... ................257 ................... .............880,004 .................. ....................... ....................0 ..........48,813 11/15/2010<br />
706448 BK 2 PEMEX FIN LTD SER 2000-1 CL A1................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ........2,400,000 ........2,400,000 .........2,299,139 .........2,396,188 .................... ..........3,812 ...................... .............3,812 ................... ..........2,400,000 .................. ....................... ....................0 ........135,450 02/15/2011<br />
708160 BH 8 PENNEY (J C) & CO INC NT............................... ... 08/15/2008. MATURED.................................. ........................... .............10,000 .............10,000 ..............10,123 ..............10,075 .................... ..............(75) ...................... .................(75) ................... ...............10,000 .................. ....................... ....................0 ...............738 08/15/2008<br />
713291 AP 7 PEPCO HOLDING INC NT................................... ... 04/17/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............6,974 ...............7,000 ................7,011 ................7,011 .................... .................... ...................... ....................0 ................... .................7,010 .................. .................(36) .................(36) ...............164 06/01/2017<br />
713448 BG 2 PEPSICO INC NT................................................. ... 02/04/2008. LEHMAN BROTHERS............... ........................... .............10,414 .............10,000 ................9,991 ................9,991 .................... .................... ...................... ....................0 ................... .................9,991 .................. ................423 ................423 .................81 02/15/2013<br />
71375Q AC 4 PERFORADORA CENTRALE SA DE CV........... F. 12/15/2008. CALLED AT 100......................... ........................... ...........260,000 ...........260,000 ............260,000 ............260,000 .................... .................... ...................... ....................0 ................... .............260,000 .................. ....................... ....................0 ............9,545 12/15/2018<br />
715911 AD 5 PETRO STOPPING CENTER/FINL SR............... ... 02/15/2008. CALLED AT 104.5...................... ........................... ........1,201,750 ........1,150,000 .........1,165,000 .........1,156,693 .................... ............(365) ...................... ...............(365) ................... ..........1,156,329 .................. ...........45,421 ...........45,421 ..........51,750 02/15/2012<br />
71646Y AA 4 PETRODRILL FIVE LTD US GOVT GT............... ... 10/15/2008. SCHEDULED REPAYMENT...... ........................... ...........833,299 ...........833,299 ............833,299 ............833,299 .................... .................... ...................... ....................0 ................... .............833,299 .................. ....................... ....................0 ..........27,436 04/15/2016<br />
71646X AA 6 PETRODRILL FOUR LTD AMETHYST 4............ ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........608,308 ...........608,308 ............608,308 ............608,308 .................... .................... ...................... ....................0 ................... .............608,308 .................. ....................... ....................0 ..........19,344 01/15/2016<br />
716747 AA 8 PETROPOWER I FDG TRUST 144A US............ ... 08/15/2008. SCHEDULED REPAYMENT...... ........................... ...........646,757 ...........646,757 ............630,788 ............646,634 .................... .............122 ...................... ................122 ................... .............646,757 .................. ....................... ....................0 ..........35,906 02/15/2014<br />
693401 AB 7 PG&E ENERGY RECOVERY FDG LLC 2........... ... 12/25/2008. SCHEDULED REPAYMENT...... ........................... .............18,443 .............18,443 ..............18,198 ..............18,426 .................... ...............17 ...................... ..................17 ................... ...............18,443 .................. ....................... ....................0 ...............455 06/25/2011<br />
718154 CC 9 PHILIP MORRIS COS INC NT............................. ... 07/01/2008. MATURED.................................. ........................... ...........483,000 ...........483,000 ............524,074 ............486,732 .................... .........(3,732) ...................... ............(3,732) ................... .............483,000 .................. ....................... ....................0 ..........36,950 07/01/2008<br />
718159 A@ 5 PHILIP MORRIS CREDIT CORP SER................ ... 07/01/2008. MATURED.................................. ........................... ...........427,601 ...........427,601 ............498,606 ............431,833 .................... .........(4,232) ...................... ............(4,232) ................... .............427,601 .................. ....................... ....................0 ..........44,898 07/01/2008<br />
718282 AA 4 PHILIPPINE PWR TRUST I (OPIC I.................... ... 09/26/2008. SCHEDULED REPAYMENT...... ........................... ........1,700,000 ........1,700,000 .........1,694,434 .........1,699,884 .................... .............116 ...................... ................116 ................... ..........1,700,000 .................. ....................... ....................0 ..........91,800 09/26/2018<br />
71838# AA 3 PHILLIES BALLPARK LP SR SEC NT................ ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........852,435 ...........852,435 ............852,435 ............852,435 .................... .................... ...................... ....................0 ................... .............852,435 .................. ....................... ....................0 ..........52,766 11/01/2014<br />
71839# AA 2 PHILLIES FDG LP SR SEC REV BKD................ ... 10/10/2008. SCHEDULED REPAYMENT...... ........................... ...........238,917 ...........238,917 ............238,917 ............238,917 .................... .................... ...................... ....................0 ................... .............238,917 .................. ....................... ....................0 ............9,344 06/10/2030<br />
71880* AD 8 PHL FUNDING I INC SER A5.............................. ... 10/20/2008. SCHEDULED REPAYMENT...... ........................... ...........457,494 ...........457,494 ............433,218 ............457,202 .................... .............292 ...................... ................292 ................... .............457,494 .................. ....................... ....................0 ..........25,258 07/20/2016<br />
743946 AK 1 PHMS PHMS 93-H 2B RR NAS........................... ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ...............4,315 ...............4,315 ................4,280 ................4,315 .................... .................... ...................... ....................0 ................... .................4,315 .................. ....................... ....................0 .................68 09/28/2008<br />
71912N AA 5 PHOENIX PARK FUNDING LTD SR BD............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........806,609 ...........806,609 ............806,609 ............806,609 .................... .................... ...................... ....................0 ................... .............806,609 .................. ....................... ....................0 ..........37,404 04/01/2013<br />
721467 AF 5 PILGRIMS PRIDE CORP SR SB NT................... ... 12/02/2008. BARCLAYS CAPITAL................ ........................... ...........165,000 ........7,000,000 .........6,872,500 .........6,879,339 .................... ..........8,201 ...................... .............8,201 ................... ..........6,887,540 .................. .....(6,722,540) .....(6,722,540) ........293,125 05/01/2017<br />
72345L AA 4 PINNACLE CBO LTD 144A SR SECD................ ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... ...........133,250 ...........133,250 ............115,234 ............133,250 .................... .................... ...................... ....................0 ................... .............133,250 .................. ....................... ....................0 ............5,402 11/27/2009<br />
000000 00 0 PINNACLE FOODS FINANCE LLC TRN............. ... 12/31/2008. UNASSIGNED REPAYMENT.... ........................... ...............8,750 ...............8,750 ................8,723 ................8,736 .................... ...............14 ...................... ..................14 ................... .................8,750 .................. ....................... ....................0 ...............416 04/02/2014<br />
724477 AG 9 PITNEY BOWES CREDIT CORP CREDI............ ... 06/15/2008. MATURED.................................. ........................... ........3,500,000 ........3,500,000 .........3,617,444 .........3,510,889 .................... .......(10,889) ...................... ..........(10,889) ................... ..........3,500,000 .................. ....................... ....................0 ........161,875 06/15/2008<br />
724477 AF 1 PITNEY BOWES CREDIT CORP DBS................ ... 02/15/2008. MATURED.................................. ........................... ........3,700,000 ........3,700,000 .........4,257,843 .........3,713,976 .................... .......(13,976) ...................... ..........(13,976) ................... ..........3,700,000 .................. ....................... ....................0 ........159,563 02/15/2008<br />
72581# AA 0 PIVOTAL PROMOTORY LLC FIRST LI............... ... 12/31/2008. VARIOUS................................... ........................... ...........145,783 ...........208,514 ............186,166 ............187,663 .................... .................... ...................... ....................0 ................... .............187,663 .................. ..........(41,880) ..........(41,880) ...................... 07/10/2010<br />
69339N AA 4 PJM INTERCONNECTION SR NTS.................... ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ............7,020 12/15/2007<br />
69350* AA 9 PLT FIN LP ENHANCEMENT NT........................ ... 12/05/2008. CALLED...................................... ........................... .............62,946 ....................12 .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ...........62,946 ...........62,946 ...................... 09/09/2099<br />
729237 A@ 6 PLUM CREEK TIMBER CO LP............................ ... 12/16/2008. CALLED AT 100......................... ........................... ........4,000,000 ........4,000,000 .........4,000,000 .........4,000,000 .................... .................... ...................... ....................0 ................... ..........4,000,000 .................. ....................... ....................0 ........477,580 08/01/2009<br />
729237 B@ 5 PLUM CREEK TIMBER CO LP............................ ... 10/31/2008. CALLED AT 100......................... ........................... .............24,731 .............24,731 ..............24,731 ..............24,731 .................... .................... ...................... ....................0 ................... ...............24,731 .................. ....................... ....................0 ............1,905 11/13/2011<br />
72925# AB 3 PLUM CREEK TIMBERLANDS SER I S............. ... 10/01/2008. MATURED.................................. ........................... ........6,000,000 ........6,000,000 .........6,000,000 .........6,000,000 .................... .................... ...................... ....................0 ................... ..........6,000,000 .................. ....................... ....................0 ........435,000 10/01/2008<br />
72925# AC 1 PLUM CREEK TIMBERLANDS SER J S............. ... 10/31/2008. CALLED AT 100......................... ........................... ...........235,529 ...........235,529 ............235,529 ............235,529 .................... .................... ...................... ....................0 ................... .............235,529 .................. ....................... ....................0 ..........19,545 10/01/2011<br />
72925# AH 0 PLUM CREEK TIMBERLANDS SER N S............ ... 10/31/2008. CALLED AT 100......................... ........................... ...........942,116 ...........942,116 ............942,116 ............942,116 .................... .................... ...................... ....................0 ................... .............942,116 .................. ....................... ....................0 ..........65,969 01/21/2010<br />
72925# AJ 6 PLUM CREEK TIMBERLANDS SER O S............ ... 10/31/2008. CALLED AT 100......................... ........................... ...........824,351 ...........824,351 ............824,351 ............824,351 .................... .................... ...................... ....................0 ................... .............824,351 .................. ....................... ....................0 ..........65,096 01/21/2013<br />
693432 AB 2 PMC CAP LP PMCLP 98-1 A FLTR S................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........212,024 ...........212,024 ............212,024 ............212,024 .................... .................... ...................... ....................0 ................... .............212,024 .................. ....................... ....................0 ............7,252 04/01/2021<br />
693927 AD 7 PNPP II FDG CRP COLLATERALIZED............... ... 11/30/2008. CALLED AT 100......................... ........................... .............26,000 .............26,000 ..............23,771 ..............24,648 .................... .................1 ...................... ....................1 ................... ...............24,649 .................. .............1,351 .............1,351 ............1,634 05/30/2016<br />
730857 AA 7 POKAGON GAMING AUTHORITY SR NT.......... ... 02/29/2008. CALLED AT 100......................... ........................... ...........104,000 ...........104,000 ............108,504 ............107,509 .................... ................(6) ...................... ...................(6) ................... .............107,503 .................. ............(3,503) ............(3,503) ............2,218 06/15/2014
E14.32<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
73316P AJ 9 POPULAR ABS INC 2004-4 CL M2 H.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,677,574 ........1,677,574 .........1,677,547 .........1,677,574 .................... .................... ...................... ....................0 ................... ..........1,677,574 .................. ....................... ....................0 ..........45,120 09/25/2034<br />
73316P CL 2 POPULAR ABS INC 2005-02 CL M2................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........461,820 ...........461,820 ............461,820 ............461,820 .................... .................... ...................... ....................0 ................... .............461,820 .................. ....................... ....................0 ..........13,725 04/25/2035<br />
73318E AK 9 POPULAR NORTH AMER INC MTN................... ... 10/01/2008. MATURED.................................. ........................... ........5,550,000 ........5,550,000 .........5,553,971 .........5,550,676 .................... ............(676) ...................... ...............(676) ................... ..........5,550,000 .................. ....................... ....................0 ........215,063 10/01/2008<br />
73318E AJ 2 POPULAR NORTH AMERICA INC MTN............. ... 04/01/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,985,528 .........3,999,183 .................... .............817 ...................... ................817 ................... ..........4,000,000 .................. ....................... ....................0 ..........85,000 04/01/2008<br />
P7906# AA 7 PORT OF SPAIN WATERFRONT DEV S........... F. 07/01/2008. SCHEDULED REPAYMENT...... ........................... ...........514,005 ...........514,005 ............514,005 ............514,005 .................... .................... ...................... ....................0 ................... .............514,005 .................. ....................... ....................0 ..........26,157 01/01/2023<br />
739227 AA 4 POWER CONTRACT FINANCING 144A............. ... 08/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,249,520 ........2,249,520 .........2,230,497 .........2,249,507 .................... ...............14 ...................... ..................14 ................... ..........2,249,520 .................. ....................... ....................0 ........105,695 02/01/2010<br />
73932L AA 1 POWER RECEIVABLE FIN LLC 144A................ ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........2,624,672 ........2,624,672 .........2,621,018 .........2,624,669 .................... .................4 ...................... ....................4 ................... ..........2,624,672 .................. ....................... ....................0 ........104,287 01/01/2012<br />
74005P AH 7 PRAXAIR INC NT................................................. ... 03/01/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........7,545,160 .........7,018,613 .................... .......(18,613) ...................... ..........(18,613) ................... ..........7,000,000 .................. ....................... ....................0 ........227,500 03/01/2008<br />
74042# AA 9 PREFCO 1X LTD PTSP SEC NTS BEL.............. ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...........560,733 ...........560,733 ............546,745 ............560,727 .................... .................6 ...................... ....................6 ................... .............560,733 .................. ....................... ....................0 ..........25,149 01/01/2011<br />
740459 AB 8 PREMARK INTL INC NTS.................................... ... 11/15/2008. MATURED.................................. ........................... ......13,000,000 ......13,000,000 .......12,984,140 .......12,998,154 .................... ..........1,846 ...................... .............1,846 ................... ........13,000,000 .................. ....................... ....................0 ........893,750 11/15/2008<br />
74161B AT 2 PRIME MTG TR 06 1 B1 CMO............................. ... 12/31/2008. VARIOUS................................... ........................... .............52,133 .............52,133 ..............38,735 ..............52,153 .................... ..............(21) ...................... .................(21) ................... ...............52,133 .................. ....................... ....................0 ............1,943 06/25/2036<br />
74160H A* 4 PRIMEWEST ENERGY INC SR SEC NT............ I.. 02/28/2008. DIRECT WITH COMPANY......... ........................... ........6,750,000 ........6,750,000 .........6,750,000 .........6,750,000 .................... .................... ...................... ....................0 ................... ..........6,750,000 .................. ....................... ....................0 ........214,843 05/07/2010<br />
N7121# AA 8 PRINCESS JULIANA AIRPORT 144 W............... ... 11/28/2008. SCHEDULED REPAYMENT...... ........................... ...........505,574 ...........505,574 ............523,689 ............505,645 .................... ..............(70) ...................... .................(70) ................... .............505,574 .................. ....................... ....................0 ..........26,069 05/28/2019<br />
743263 AD 7 PROGRESS ENERGY INC NT............................ ... 06/13/2008. BARCLAYS CAPITAL................ ........................... ........1,567,500 ........1,500,000 .........1,498,134 .........1,499,183 .................... .............109 ...................... ................109 ................... ..........1,499,293 .................. ...........68,207 ...........68,207 ..........84,904 03/01/2011<br />
74433K CR 6 PRUDENTIAL FUNDING LLC 144A MT.............. ... 05/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,994,200 .........4,999,618 .................... .............382 ...................... ................382 ................... ..........5,000,000 .................. ....................... ....................0 ........165,000 05/15/2008<br />
74436J EV 5 PRUDENTIAL SECS FIN CORP 99-NR.............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,055,776 ........4,055,776 .........3,794,011 .........4,031,163 .................... ........24,613 ...................... ...........24,613 ................... ..........4,055,776 .................. ....................... ....................0 ........133,567 01/15/2031<br />
74436J DM 6 PRUDENTIAL SECS FING CORP SER.............. ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... .............35,721 .............35,721 ..............36,959 ..............35,722 .................... .................... ...................... ....................0 ................... ...............35,721 .................. ....................... ....................0 ..........10,228 07/15/2008<br />
69362B AN 2 PSEG PWR LLC SR NT....................................... ... 05/07/2008. WACHOVIA SECURITIES......... ........................... ...............4,928 ...............5,000 ................4,869 ................4,872 .................... .................5 ...................... ....................5 ................... .................4,877 .................. ..................51 ..................51 ...............123 12/01/2015<br />
69368@ AA 7 PT CABLE INC SR SECD NTS............................ ... 12/31/2008. WRITE-OFF................................ ........................... .......................... ......14,463,379 .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ...................... 06/17/2016<br />
69367C AB 1 PTT PUBLIC CO LTD 144A NT........................... ... 07/03/2008. JP MORGAN.............................. ........................... ........9,584,120 ......11,000,000 .......10,700,910 .......10,714,540 .................... ..........1,963 ...................... .............1,963 ................... ........10,716,502 .................. .....(1,132,382) .....(1,132,382) ........603,003 08/03/2035<br />
744593 AJ 3 PUBLIC STEER TR SER 98-F-Z4 CL.................. ... 01/31/2008. LEHMAN BROTHERS............... ........................... ........9,300,000 ......60,000,000 .........3,240,000 .......12,239,998 .................... .................... ...................... ....................0 ................... ........12,239,998 .................. .....(2,939,998) .....(2,939,998) ...................... 05/15/2097<br />
74500P AC 8 PUEBLO OF SANTA ANA 144A BDS................. ... 07/01/2008. UNASSIGNED REPAYMENT.... ........................... ........1,300,000 ........1,300,000 .........1,300,000 .........1,300,000 .................... .................... ...................... ....................0 ................... ..........1,300,000 .................. ....................... ....................0 ..........81,770 04/01/2015<br />
74681@ AA 7 PUTNAM LOVELL FIN TR 1999-1 CL................. ... 08/20/2008. VARIOUS................................... ........................... ...............1,238 ...........788,196 ............248,735 .......................... .................... .................... ...................... ....................0 ................... ........................... .................. .............1,238 .............1,238 ...................... 03/31/2009<br />
74731@ AB 5 QUAD/GRAPHICS INC SER 96-1 TR.................. ... 06/15/2008. SCHEDULED REPAYMENT...... ........................... ...........681,818 ...........681,818 ............681,818 ............681,818 .................... .................... ...................... ....................0 ................... .............681,818 .................. ....................... ....................0 ..........27,409 06/15/2016<br />
74731@ BH 1 QUAD/GRAPHICS INC SER 98-9 TRA............... ... 12/11/2008. SCHEDULED REPAYMENT...... ........................... ........2,720,000 ........2,720,000 .........2,720,000 .........2,720,000 .................... .................... ...................... ....................0 ................... ..........2,720,000 .................. ....................... ....................0 ........191,216 12/11/2013<br />
74731@ AV 1 QUAD/GRAPHICS INC SR SEC NTS 1.............. ... 04/24/2008. SCHEDULED REPAYMENT...... ........................... ...........100,000 ...........100,000 ..............86,884 ..............99,858 .................... .............142 ...................... ................142 ................... .............100,000 .................. ....................... ....................0 ............3,455 04/24/2018<br />
74731@ BU 2 QUAD/GRAPHICS INC SR SEC SER 0.............. ... 04/10/2008. SCHEDULED REPAYMENT...... ........................... ...........250,000 ...........250,000 ............250,000 ............250,000 .................... .................... ...................... ....................0 ................... .............250,000 .................. ....................... ....................0 ............9,325 04/10/2016<br />
74731@ AF 6 QUAD/GRAPHICS INC SR SEC SER 9.............. ... 09/30/2008. SCHEDULED REPAYMENT...... ........................... ...........340,909 ...........340,909 ............340,909 ............340,909 .................... .................... ...................... ....................0 ................... .............340,909 .................. ....................... ....................0 ..........27,614 09/30/2016<br />
74731@ AL 3 QUAD/GRAPHICS INC SR SEC SER 9.............. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........340,909 ...........340,909 ............340,909 ............340,909 .................... .................... ...................... ....................0 ................... .............340,909 .................. ....................... ....................0 ..........27,818 12/15/2016<br />
74731@ AY 5 QUAD/GRAPHICS INC SR SEC SER 9.............. ... 05/22/2008. CALLED AT 100......................... ........................... ...........500,000 ...........500,000 ............500,000 ............500,000 .................... .................... ...................... ....................0 ................... .............500,000 .................. ....................... ....................0 ..........17,750 05/22/2018<br />
74831* AA 8 QUEENSLAND 1995 PASS-THROUGH T.......... ... 01/03/2008. SCHEDULED REPAYMENT...... ........................... ...............8,369 ...............8,369 ................8,369 ................8,369 .................... .................... ...................... ....................0 ................... .................8,369 .................. ....................... ....................0 ...............654 01/03/2033<br />
74913G A* 6 QWEST CORP TR B TERM LOAN...................... ... 08/01/2008. SALOMON SMITH BARNEY INC ........................... ........6,499,500 ........6,600,000 .........6,640,970 .........6,619,998 .................... .........(4,432) ...................... ............(4,432) ................... ..........6,615,567 .................. ........(116,067) ........(116,067) ........274,911 06/30/2010<br />
76126C GB 2 RACERS SER 1999 24 S CCE CL A1................. ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........334,861 ...........334,861 ............294,852 ............334,601 .................... .............260 ...................... ................260 ................... .............334,861 .................. ....................... ....................0 ..........16,729 05/15/2018<br />
76126C BB 7 RACERS SER 97 S 7 1 CL A1 144A................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........163,911 ...........163,911 ............168,320 ............165,859 .................... .........(1,948) ...................... ............(1,948) ................... .............163,911 .................. ....................... ....................0 ............7,743 05/15/2017<br />
76159# AA 3 RAIL CO II (CARGILL-LESSEE) SE.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........285,262 ...........285,262 ............285,859 ............285,262 .................... .................... ...................... ....................0 ................... .............285,262 .................. ....................... ....................0 ..........13,636 08/31/2012<br />
75074# AF 6 RAIL CO VII INVESTORS (TR 5) S..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............78,211 .............78,211 ..............78,211 ..............78,211 .................... .................... ...................... ....................0 ................... ...............78,211 .................. ....................... ....................0 ............2,997 04/01/2011<br />
75074# AE 9 RAIL CO VII INVESTORS INC SEC.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........260,346 ...........260,346 ............260,346 ............260,346 .................... .................... ...................... ....................0 ................... .............260,346 .................. ....................... ....................0 ............9,962 04/01/2011<br />
75074# AC 3 RAIL CO VII INVESTORS INC TR2..................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........167,621 ...........167,621 ............167,621 ............167,621 .................... .................... ...................... ....................0 ................... .............167,621 .................. ....................... ....................0 ............6,411 04/01/2011<br />
75074# AD 1 RAIL CO VII INVESTORS SECD NT................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........126,426 ...........126,426 ............125,459 ............126,424 .................... .................2 ...................... ....................2 ................... .............126,426 .................. ....................... ....................0 ............4,831 04/01/2011<br />
75074# AB 5 RAIL CO VII INVTRS(CARGILL-LES................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........141,407 ...........141,407 ............141,407 ............141,407 .................... .................... ...................... ....................0 ................... .............141,407 .................. ....................... ....................0 ............5,388 04/01/2011<br />
751028 A@ 0 RALCORP HOLDINGS INC SER B SR............... ... 08/05/2008. SEAPORT GROUP (THE)......... ........................... ........1,750,284 ........1,800,000 .........1,800,000 .........1,800,000 .................... .................... ...................... ....................0 ................... ..........1,800,000 .................. ..........(49,716) ..........(49,716) ..........50,244 12/22/2010<br />
751028 B* 1 RALCORP HOLDINGS INC SER D SR............... ... 08/05/2008. SEAPORT GROUP (THE)......... ........................... ........4,105,543 ........4,285,714 .........4,285,714 .........4,285,714 .................... .................... ...................... ....................0 ................... ..........4,285,714 .................. ........(180,171) ........(180,171) ........134,300 12/22/2013<br />
751028 B# 7 RALCORP HOLDINGS INC SR NTS................... ... 08/05/2008. SEAPORT GROUP (THE)......... ........................... ........1,909,860 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ..........(90,140) ..........(90,140) ..........71,797 12/21/2012<br />
751028 B@ 9 RALCORP HOLDINGS INC SR NTS................... ... 08/05/2008. SEAPORT GROUP (THE)......... ........................... ...........915,150 ........1,000,000 .........1,000,000 .........1,000,000 .................... .................... ...................... ....................0 ................... ..........1,000,000 .................. ..........(84,850) ..........(84,850) ..........36,824 12/21/2015<br />
76110G J2 8 RALI RALI 02-QS11 A7 SEQ............................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,892,454 ........1,892,454 .........2,091,982 .........2,075,650 .................... .....(183,196) ...................... ........(183,196) ................... ..........1,892,454 .................. ....................... ....................0 ..........52,372 08/25/2032<br />
76110F H5 5 RALI RALI 99-QS4 M1 MEZ................................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........569,452 ...........569,452 ............558,371 ............568,164 .................... ..........1,288 ...................... .............1,288 ................... .............569,452 .................. ....................... ....................0 ..........20,082 03/25/2014<br />
751155 AV 4 RALI SER 06 QS10 M1 MEZZ CMO.................... ... 12/31/2008. VARIOUS................................... ........................... ...........141,223 ...........141,223 ............131,358 ............141,223 .................... .................... ...................... ....................0 ................... .............141,223 .................. ....................... ....................0 ............4,203 08/25/2036<br />
75116B AL 2 RALI SER 2007 QS3 CL M1 CMO....................... ... 12/31/2008. VARIOUS................................... ........................... ...........327,604 ...........327,604 ............191,235 ............327,604 .................... .................... ...................... ....................0 ................... .............327,604 .................. ....................... ....................0 ..........10,389 02/25/2037<br />
74922G BL 7 RALI 06 QS14 M1 CMO....................................... ... 12/31/2008. VARIOUS................................... ........................... .............26,669 .............26,669 ..............18,599 ..............26,669 .................... .................... ...................... ....................0 ................... ...............26,669 .................. ....................... ....................0 ...............766 11/25/2036<br />
760985 XL 0 RAMP 2003-RS6 AI6 HEL.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........570,244 ...........570,244 ............570,212 ............570,245 .................... ................(2) ...................... ...................(2) ................... .............570,244 .................. ....................... ....................0 ..........14,303 07/25/2033<br />
760985 XW 6 RAMP 2003-RS7 AI6 HEL.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........501,228 ...........501,228 ............501,057 ............501,234 .................... ................(6) ...................... ...................(6) ................... .............501,228 .................. ....................... ....................0 ..........13,740 08/25/2033<br />
760985 XZ 9 RAMP 2003-RS7 MI3 HEL................................... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........169,691 ...........169,691 ............158,078 ............169,656 .................... ...............35 ...................... ..................35 ................... .............169,691 .................. ....................... ....................0 ............4,375 08/25/2033<br />
760985 WS 6 RAMP 2003-RZ3 M2 HEL.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........711,344 ...........711,344 ............711,022 ............711,357 .................... ..............(13) ...................... .................(13) ................... .............711,344 .................. ....................... ....................0 ..........15,243 06/25/2033<br />
74924P AH 5 RASC SER 2004 KS1 MI2 HEL........................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........171,538 ...........171,538 ............171,533 ............171,538 .................... .................... ...................... ....................0 ................... .............171,538 .................. ....................... ....................0 ............4,308 02/25/2034<br />
76110W SY 3 RASC 2003-KS7 AI4 HEL.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........3,370,780 ........3,370,780 .........3,370,681 .........3,370,781 .................... ................(1) ...................... ...................(1) ................... ..........3,370,780 .................. ....................... ....................0 ..........75,623 10/25/2031
E14.33<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
76110W TD 8 RASC 2003-KS7 MI3 HEL.................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........169,171 ...........169,171 ............157,238 ............169,130 .................... ...............41 ...................... ..................41 ................... .............169,171 .................. ....................... ....................0 ............2,748 09/25/2033<br />
754427 AA 0 RAVENSWOOD UNIT 40 (KEYSPAN) S............. ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........340,595 ...........340,595 ............340,595 ............340,595 .................... .................... ...................... ....................0 ................... .............340,595 .................. ....................... ....................0 ..........20,422 01/15/2019<br />
74932# AA 2 RC CEMENT HLDG SER A GTD SR NT............. ... 05/29/2008. SCHEDULED REPAYMENT...... ........................... ........2,666,651 ........2,666,651 .........2,666,651 .........2,666,651 .................... .................... ...................... ....................0 ................... ..........2,666,651 .................. ....................... ....................0 ..........88,000 05/29/2010<br />
75605E AW 0 REALOGY CORP SR SB NT............................... ... 05/16/2008. UBS WARBURG........................ ........................... ........4,065,000 ........7,500,000 .........4,721,844 .........4,725,001 .................... ........63,226 ...................... ...........63,226 ................... ..........4,788,226 .................. ........(723,226) ........(723,226) ........556,875 04/15/2015<br />
755920 AB 1 RECEIPT ON CORP SECS TR SER FD............. ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ...........932,723 ...........932,723 ............838,784 ............932,683 .................... ...............39 ...................... ..................39 ................... .............932,723 .................. ....................... ....................0 ..........49,249 07/01/2017<br />
755920 AD 7 RECEIPT ON CORP SECS TR SER 14.............. ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........457,283 ...........457,283 ............397,651 ............456,849 .................... .............434 ...................... ................434 ................... .............457,283 .................. ....................... ....................0 ..........21,702 01/15/2018<br />
75935@ AC 4 REINALT-THOMAS CORP SR U/S NTS............. ... 03/30/2008. CALLED AT 100......................... ........................... ...........714,286 ...........714,286 ............714,286 ............714,286 .................... .................... ...................... ....................0 ................... .............714,286 .................. ....................... ....................0 ..........25,000 03/28/2012<br />
75952A AF 4 RELIANT ENERGY MID ATL PWR HLD............. ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ........1,756,865 ........1,756,865 .........1,755,686 .........1,756,863 .................... .................2 ...................... ....................2 ................... ..........1,756,865 .................. ....................... ....................0 ........162,282 07/02/2017<br />
75952U AE 3 RELIASTAR FINANCIAL CORP NT.................... ... 11/15/2008. MATURED.................................. ........................... ......12,500,000 ......12,500,000 .......12,610,250 .......12,515,401 .................... .......(15,401) ...................... ..........(15,401) ................... ........12,500,000 .................. ....................... ....................0 ........812,500 11/15/2008<br />
75968N AA 9 RENAISSANCERE HLDGS LTD SR NT.............. ... 12/31/2008. VARIOUS................................... ........................... ........7,000,000 ........7,000,000 .........6,991,417 .........6,999,128 .................... .............872 ...................... ................872 ................... ..........7,000,000 .................. ....................... ....................0 ........490,000 07/15/2008<br />
760985 WZ 0 RESDL ASST MTG PROD INC 03-RS5.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........163,305 ...........163,305 ............163,273 ............163,306 .................... ................(2) ...................... ...................(2) ................... .............163,305 .................. ....................... ....................0 ............3,754 04/25/2033<br />
76110H 3H 0 RESID ACCREDIT LNS 05-QS5 M2................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............23,012 .............23,012 ..............22,676 ..............23,007 .................... .................5 ...................... ....................5 ................... ...............23,012 .................. ....................... ....................0 ...............648 04/25/2035<br />
760985 J2 8 RESID ASSET MTG PROD INC 2003-................ ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ...........226,420 ...........226,420 ............226,329 ............226,427 .................... ................(7) ...................... ...................(7) ................... .............226,420 .................. ....................... ....................0 ............4,528 12/25/2033<br />
760985 J3 6 RESID ASSET MTG PROD INC 2003-................ ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... .............70,399 .............70,399 ..............70,365 ..............70,399 .................... .................... ...................... ....................0 ................... ...............70,399 .................. ....................... ....................0 ............1,166 12/25/2033<br />
760985 RY 9 RESID ASSET MTG PROD 2003-RS1................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,436,096 ........1,436,096 .........1,435,249 .........1,436,325 .................... ............(229) ...................... ...............(229) ................... ..........1,436,096 .................. ....................... ....................0 ..........34,353 02/25/2033<br />
760985 C8 2 RESID ASSET MTG PRODS 03-RS10............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........539,198 ...........539,198 ............538,958 ............539,222 .................... ..............(24) ...................... .................(24) ................... .............539,198 .................. ....................... ....................0 ..........23,750 11/25/2033<br />
760985 ZK 0 RESID ASSET MTG PRODS 03-RS8 C.............. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...........202,925 ...........202,925 ............190,477 ............202,919 .................... .................6 ...................... ....................6 ................... .............202,925 .................. ....................... ....................0 ............6,337 09/25/2033<br />
76112B AG 5 RESID ASSET MTG PRODS 04-RS8 M............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........317,599 ...........317,599 ............319,266 ............318,801 .................... .........(1,201) ...................... ............(1,201) ................... .............317,599 .................. ....................... ....................0 ............8,301 08/25/2034<br />
760985 ST 9 RESID ASST MTG PRODS 03-RS2 CL.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,509,052 ........1,509,052 .........1,509,128 .........1,509,054 .................... ................(2) ...................... ...................(2) ................... ..........1,509,052 .................. ....................... ....................0 ..........34,813 11/25/2032<br />
76110W TT 3 RESID ASST SECS CORP 03-KS8 CL............... ... 12/01/2008. VARIOUS................................... ........................... ...........602,476 ...........602,476 ............602,386 ............602,481 .................... ................(5) ...................... ...................(5) ................... .............602,476 .................. ....................... ....................0 ..........15,992 10/25/2033<br />
76110G K9 1 RESIDENTIAL ACCRD LNS 2002 QS1............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........408,913 ...........408,913 ............417,061 ............412,498 .................... .........(3,586) ...................... ............(3,586) ................... .............408,913 .................. ....................... ....................0 ..........13,659 08/25/2032<br />
761118 KJ 6 RESIDENTIAL ACCREDIT LNS INC 2................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............27,548 .............27,548 ..............27,437 ..............27,535 .................... ...............13 ...................... ..................13 ................... ...............27,548 .................. ....................... ....................0 ...............767 10/25/2035<br />
76112B BB 5 RESIDENTIAL ASSET MTG PRODS 04............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........832,836 ...........832,836 ............832,836 ............832,836 .................... .................... ...................... ....................0 ................... .............832,836 .................. ....................... ....................0 ..........18,613 09/25/2034<br />
76112B BC 3 RESIDENTIAL ASSET MTG PRODS 04............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........128,709 ...........128,709 ............128,709 ............128,709 .................... .................... ...................... ....................0 ................... .............128,709 .................. ....................... ....................0 ............2,709 10/25/2034<br />
760985 N5 6 RESIDENTIAL ASSET MTG 04-RS1 M............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........260,982 ...........260,982 ............260,981 ............260,982 .................... .................... ...................... ....................0 ................... .............260,982 .................. ....................... ....................0 ............6,948 01/25/2034<br />
760985 N6 4 RESIDENTIAL ASSET MTG 04-RS1 M............... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............99,372 .............99,372 ..............97,139 ..............98,463 .................... .............909 ...................... ................909 ................... ...............99,372 .................. ....................... ....................0 ............2,744 01/25/2034<br />
76110W UZ 7 RESIDENTIAL ASSET SECS CORP 20.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........543,334 ...........543,334 ............543,254 ............543,341 .................... ................(7) ...................... ...................(7) ................... .............543,334 .................. ....................... ....................0 ..........14,924 12/25/2033<br />
76110W PD 2 RESIDENTIAL ASSET SECS 2002 KS............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........395,283 ...........395,283 ............395,189 ............395,287 .................... ................(4) ...................... ...................(4) ................... .............395,283 .................. ....................... ....................0 ..........12,013 07/25/2032<br />
76110W QB 5 RESIDENTIAL ASSET SECS 2002-KS............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,066,414 ........1,066,414 .........1,066,113 .........1,066,435 .................... ..............(21) ...................... .................(21) ................... ..........1,066,414 .................. ....................... ....................0 ..........24,110 12/25/2032<br />
76114E AF 9 RESIDENTIAL CAP LLC SR SECD 14................ ... 12/31/2008. VARIOUS................................... ........................... ........2,657,240 ...........160,000 .........2,668,640 .......................... .................... .............227 ...................... ................227 ................... ..........2,668,867 .................. ..........(11,627) ..........(11,627) ...............813 05/15/2015<br />
76113B AE 9 RESIDENTIAL CAPITAL CORP.......................... ... 05/14/2008. VARIOUS................................... ........................... ........2,450,000 ........5,000,000 .........2,432,940 .........3,025,000 .................... .................... .......600,000 ........(600,000) ................... ..........2,425,000 .................. ...........25,000 ...........25,000 ........356,962 06/30/2015<br />
76113B AF 6 RESIDENTIAL CAPITAL CORP NT..................... ... 05/15/2008. VARIOUS................................... ........................... ........4,975,000 ......10,000,000 .........5,072,050 .........6,450,002 .................... .................... ....1,375,002 .....(1,375,002) ................... ..........5,075,000 .................. ........(100,000) ........(100,000) ........670,174 06/30/2010<br />
76113B AM 1 RESIDENTIAL CAPITAL CORP NT..................... ... 06/06/2008. VARIOUS................................... ........................... ......11,269,765 ......23,000,000 .......11,235,258 .......14,317,502 .................... .................... ....3,047,860 .....(3,047,860) ................... ........11,269,642 .................. ................123 ................123 .....1,370,736 02/22/2011<br />
76113B AR 0 RESIDENTIAL CAPITAL CORP SR NT............... ... 06/06/2008. VARIOUS................................... ........................... ........2,352,250 ........4,850,000 .........2,356,766 .........2,982,751 .................... .................... .......630,500 ........(630,500) ................... ..........2,352,251 .................. ...................(1) ...................(1) ........252,604 04/17/2013<br />
76110V MR 6 RESIDENTIAL FDG MTG SECS II IN.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............35,439 .............35,439 ..............34,639 ..............34,731 .................... .............708 ...................... ................708 ................... ...............35,439 .................. ....................... ....................0 ...............545 03/25/2018<br />
76111J G2 4 RFMSI RFMSI 02-S19 A15 NAS.......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........136,470 ...........136,470 ............137,416 ............136,484 .................... ..............(13) ...................... .................(13) ................... .............136,470 .................. ....................... ....................0 ............4,682 12/25/2032<br />
76200R AK 4 RFMSI SER 07 S7 A10 CMO............................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........653,597 ...........653,597 ............651,154 ............653,475 .................... .............122 ...................... ................122 ................... .............653,597 .................. ....................... ....................0 ..........19,972 07/25/2037<br />
74958E BJ 4 RFMSI 06 S12 2M1 CMO..................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........119,532 ...........119,532 ............119,551 ............119,532 .................... .................... ...................... ....................0 ................... .............119,532 .................. ....................... ....................0 ............3,800 12/25/2036<br />
767201 AB 2 RIO TINTO FIN USA LTD GTD NT...................... ... 09/30/2008. MATURED.................................. ........................... ...........900,000 ...........900,000 ............896,229 ............899,431 .................... .............569 ...................... ................569 ................... .............900,000 .................. ....................... ....................0 ..........23,625 09/30/2008<br />
769742 AB 3 ROADWAY CORP SR NT.................................... ... 08/12/2008. MILLER TABAK HIRSH 92142. ........................... ...........500,000 ...........500,000 ............516,700 ............502,760 .................... .........(1,856) ...................... ............(1,856) ................... .............500,905 .................. ...............(905) ...............(905) ..........29,104 12/01/2008<br />
77216* AA 6 ROCK HILL ASSOCIATES (ASHLAND............... ... 11/01/2008. CALLED AT 100......................... ........................... ...........212,872 ...........212,872 ............238,824 ............215,777 .................... ................(3) ...................... ...................(3) ................... .............215,774 .................. ............(2,902) ............(2,902) ..........15,649 11/01/2009<br />
777774 AE 0 ROSETON DANSKAMMER 2001-A PSTH......... ... 11/08/2008. SCHEDULED REPAYMENT...... ........................... ........3,363,720 ........3,363,720 .........3,235,783 .........3,363,092 .................... .............628 ...................... ................628 ................... ..........3,363,720 .................. ....................... ....................0 ........244,542 11/08/2010<br />
779382 AH 3 ROWAN COS INC US GOVT GTD SHIP............ ... 10/20/2008. SCHEDULED REPAYMENT...... ........................... ...........142,859 ...........142,859 ............142,859 ............142,859 .................... .................... ...................... ....................0 ................... .............142,859 .................. ....................... ....................0 ............3,000 10/20/2013<br />
74966* AB 3 RPC INC SR NTS................................................. ... 08/08/2008. VARIOUS................................... ........................... ........2,222,160 ........2,222,160 .........2,222,160 .........2,222,160 .................... .................... ...................... ....................0 ................... ..........2,222,160 .................. ....................... ....................0 ........130,495 08/08/2008<br />
781740 AD 7 RURAL HOUSING TRUST 1987-1 C1D.............. ... 03/15/2008. SCHEDULED REPAYMENT...... ........................... .............75,141 .............75,141 ..............74,845 ..............75,161 .................... ..............(20) ...................... .................(20) ................... ...............75,141 .................. ....................... ....................0 ...............674 04/01/2026<br />
783764 AJ 2 RYLAND GROUP INC SR NT.............................. ... 06/01/2008. MATURED.................................. ........................... ...........854,000 ...........854,000 ............854,000 ............854,000 .................... .................... ...................... ....................0 ................... .............854,000 .................. ....................... ....................0 ..........22,951 06/01/2008<br />
783766 MR 6 RYLAND MTG SEC RYMS 93-A1 A CS.............. ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,246 ...............7,246 ................7,369 ................7,243 .................... .................3 ...................... ....................3 ................... .................7,246 .................. ....................... ....................0 ...............308 01/28/2023<br />
783760 RQ 6 RYLAND 86 CL-F 20 SEQ.................................... ... 11/01/2008. SCHEDULED REPAYMENT...... ........................... .............35,442 .............35,442 ..............31,561 ..............35,672 .................... ............(230) ...................... ...............(230) ................... ...............35,442 .................. ....................... ....................0 ............1,599 04/01/2019<br />
000000 00 0 S&F STORES MERGER SUB LLC 1ST.............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............25,126 .............25,126 ..............25,126 ..............25,126 .................... .................... ...................... ....................0 ................... ...............25,126 .................. ....................... ....................0 ...............964 12/31/2014<br />
786514 AW 9 SAFEWAY INC NT............................................... ... 11/15/2008. MATURED.................................. ........................... ......15,000,000 ......15,000,000 .......15,567,950 .......15,086,703 .................... .......(86,703) ...................... ..........(86,703) ................... ........15,000,000 .................. ....................... ....................0 ........975,000 11/15/2008<br />
786514 BP 3 SAFEWAY INC NT............................................... ... 02/22/2008. VARIOUS................................... ........................... ...............5,235 ...............5,000 ................4,997 ................4,997 .................... .................... ...................... ....................0 ................... .................4,997 .................. ................238 ................238 ...............168 08/15/2017<br />
786514 BJ 7 SAFEWAY STORES INC NTS............................. ... 11/01/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,998,770 .........2,999,779 .................... .............221 ...................... ................221 ................... ..........3,000,000 .................. ....................... ....................0 ........123,750 11/01/2008<br />
79549A JJ 9 SAL BROS MTG SECS VII INC 01-C.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........592,501 ...........592,501 ............609,262 ............592,536 .................... ..............(35) ...................... .................(35) ................... .............592,501 .................. ....................... ....................0 ..........29,000 10/13/2036<br />
79548C BH 8 SALOMON BROS COML MTG 01-C1 A3........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........761,468 ...........761,468 ............795,426 ............761,623 .................... ............(155) ...................... ...............(155) ................... .............761,468 .................. ....................... ....................0 ..........21,497 12/18/2035
E14.34<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
79548K H7 6 SALOMON BROS MTG SEC VII SBM7.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............8,778 ...............8,778 ................8,733 ................8,780 .................... ................(2) ...................... ...................(2) ................... .................8,778 .................. ....................... ....................0 ...............312 02/25/2029<br />
79548K F8 6 SALOMON BROS MTG SEC VII SER 9.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............30,638 .............30,638 ..............30,638 ..............30,638 .................... .................... ...................... ....................0 ................... ...............30,638 .................. ....................... ....................0 ...............865 01/25/2029<br />
795770 AN 6 SALTON SEA FUNDING CORP SR SEC........... ... 11/30/2008. SCHEDULED REPAYMENT...... ........................... ...........187,496 ...........187,496 ............178,533 ............187,493 .................... .................2 ...................... ....................2 ................... .............187,496 .................. ....................... ....................0 ..........10,511 11/30/2018<br />
79603# AF 8 SAMSON INVESTMENT COMPANY 2003......... ... 02/26/2008. MATURED.................................. ........................... ......12,000,000 ......12,000,000 .......12,000,000 .......12,000,000 .................... .................... ...................... ....................0 ................... ........12,000,000 .................. ....................... ....................0 ........268,800 02/26/2008<br />
800422 D* 5 SANFILIPPO JOHN B & SON AMENDE............. ... 02/07/2008. DIRECT WITH COMPANY......... ........................... ........3,888,889 ........3,888,889 .........3,888,889 .........3,888,889 .................... .................... ...................... ....................0 ................... ..........3,888,889 .................. ....................... ....................0 ........442,576 12/01/2014<br />
C8188# AA 8 SASKFERCO PRODUCTS SR NTS.................... I.. 08/05/2008. DIRECT WITH COMPANY......... ........................... ......16,300,000 ......16,300,000 .......16,300,000 .......16,300,000 .................... .................... ...................... ....................0 ................... ........16,300,000 .................. ....................... ....................0 ........774,230 09/28/2015<br />
80413@ AA 9 SAUER-DANFOSS (US) SR NTS........................ ... 09/30/2008. CALLED AT 100......................... ........................... ........2,357,143 ........2,357,143 .........2,357,143 .........2,357,143 .................... .................... ...................... ....................0 ................... ..........2,357,143 .................. ....................... ....................0 ........190,221 09/30/2010<br />
805564 KY 6 SAXON ASSET SECS TR SER 2002-1............... ... 09/30/2008. VARIOUS................................... ........................... .............23,906 .............23,906 ..............21,220 ..............23,897 .................... ...............10 ...................... ..................10 ................... ...............23,906 .................. ....................... ....................0 ...............421 04/25/2032<br />
78387G AP 8 SBC COMMUNICATIONS INC GLBL NT............ ... 02/26/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............4,994 ...............5,000 ................4,884 ................4,885 .................... .................2 ...................... ....................2 ................... .................4,887 .................. ................107 ................107 ...............116 09/15/2014<br />
806605 AJ 0 SCHERING PLOUGH CORP SR NT................... ... 01/23/2008. LEHMAN BROTHERS............... ........................... ...............5,320 ...............5,000 ................5,102 ................5,101 .................... ................(1) ...................... ...................(1) ................... .................5,100 .................. ................220 ................220 ...............109 09/15/2017<br />
784010 AA 8 SCL TERMINAL AEREO SANTIAGO SR............ ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,811,268 ........1,811,268 .........1,742,599 .........1,811,230 .................... ...............38 ...................... ..................38 ................... ..........1,811,268 .................. ....................... ....................0 ..........96,321 07/01/2012<br />
811054 AC 9 SCRIPPS (E W) COMPANY NT.......................... ... 06/02/2008. VARIOUS................................... ........................... ......23,343,121 ......21,390,000 .......22,025,923 .......21,721,416 .................... .......(27,957) ...................... ..........(27,957) ................... ........21,693,459 .................. ......1,649,662 ......1,649,662 .....1,083,017 07/15/2012<br />
811410 AK 5 SEA LAND SVC (CSX) SEC BDS SER............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........373,497 ...........373,497 ............373,497 ............373,497 .................... .................... ...................... ....................0 ................... .............373,497 .................. ....................... ....................0 ..........12,325 01/02/2011<br />
811410 AL 3 SEA LAND SVC (CSX) SEC BDS SER............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........373,497 ...........373,497 ............373,497 ............373,497 .................... .................... ...................... ....................0 ................... .............373,497 .................. ....................... ....................0 ..........12,325 01/02/2011<br />
811410 AM 1 SEA LAND SVC (CSX) SEC BDS SER............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........373,497 ...........373,497 ............373,497 ............373,497 .................... .................... ...................... ....................0 ................... .............373,497 .................. ....................... ....................0 ..........12,325 01/02/2011<br />
811543 B# 3 SEABOARD CORP SER D NT............................ ... 08/22/2008. WACHOVIA SECURITIES......... ........................... ......15,060,135 ......14,500,000 .......14,500,000 .......14,500,000 .................... .................... ...................... ....................0 ................... ........14,500,000 .................. .........560,135 .........560,135 ........923,724 09/30/2012<br />
811543 A@ 6 SEABOARD CORP SR NTS SER A.................... ... 09/30/2008. SCHEDULED REPAYMENT...... ........................... ........3,000,000 ........3,000,000 .........3,000,000 .........3,000,000 .................... .................... ...................... ....................0 ................... ..........3,000,000 .................. ....................... ....................0 ........173,517 09/30/2009<br />
81375F CY 7 SEC ASSET SALES INC SASI 93-7.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,225 ...............7,225 ................6,898 ................7,179 .................... ...............47 ...................... ..................47 ................... .................7,225 .................. ....................... ....................0 ...............232 12/25/2023<br />
81371# AA 5 SECURED LEASE FIN CORP (CIRCUI.............. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........194,710 ...........194,710 ............194,710 ............194,710 .................... .................... ...................... ....................0 ................... .............194,710 .................. ....................... ....................0 ............6,910 09/15/2013<br />
814138 AA 1 SECURITY CAP INDUSTRIAL TR NT................. ... 03/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........281,250 ...........281,250 ............282,579 ............281,250 .................... .................... ...................... ....................0 ................... .............281,250 .................. ....................... ....................0 ..........12,263 03/01/2009<br />
814138 AF 0 SECURITY CAPITAL INDUSTRIAL TR............... ... 05/15/2008. SCHEDULED REPAYMENT...... ........................... ...........246,875 ...........246,875 ............234,498 ............246,798 .................... ...............77 ...................... ..................77 ................... .............246,875 .................. ....................... ....................0 ............9,721 05/15/2009<br />
81441P BK 6 SECURITY NATL MTG TR 02-2A CL.................. ... 12/25/2008. SCHEDULED REPAYMENT...... ........................... ...........798,609 ...........798,609 ............798,544 ............798,616 .................... ................(7) ...................... ...................(7) ................... .............798,609 .................. ....................... ....................0 ..........22,388 04/25/2016<br />
81683R B* 4 SEMINOLE INDIAN TRIBE OF FLORI................ ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............1,574 ...............1,574 ................1,574 ................1,574 .................... .................... ...................... ....................0 ................... .................1,574 .................. ....................... ....................0 .................26 03/05/2014<br />
81683R B# 0 SEMINOLE INDIAN TRIBE OF FLORI................ ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............11,802 .............11,802 ..............11,802 ..............11,802 .................... .................... ...................... ....................0 ................... ...............11,802 .................. ....................... ....................0 ...............542 03/05/2014<br />
81683R B@ 2 SEMINOLE INDIAN TRIBE OF FLORI................ ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...............1,062 ...............1,062 ................1,062 ................1,062 .................... .................... ...................... ....................0 ................... .................1,062 .................. ....................... ....................0 .................33 03/05/2014<br />
G80313 A* 3 SENIOR ENGINEERING GRP PLC GTD............ F. 10/22/2008. MATURED.................................. ........................... ......25,400,000 ......25,400,000 .......24,872,888 .......25,344,983 .................... ........55,017 ...................... ...........55,017 ................... ........25,400,000 .................. ....................... ....................0 .....1,656,080 10/22/2008<br />
81760N AB 5 SERVICEMASTER CO NTS................................ ... 12/09/2008. PRESSPRICH (R W) & CO INC. ........................... ...........547,500 ........3,000,000 .........2,950,900 .........2,954,040 .................... .............413 ...................... ................413 ................... ..........2,954,452 .................. .....(2,406,952) .....(2,406,952) ........278,521 03/01/2038<br />
820018 AQ 2 SHARPS SP I LLC NIM 04-2N N 14.................... ... 02/25/2008. CALLED AT 100......................... ........................... .............16,871 .............16,871 .......................... .......................1 .................... .................... ...................... ....................0 ................... ........................1 .................. ...........16,870 ...........16,870 ...............159 01/25/2034<br />
820018 BA 6 SHARPS SP I LLC NIM 04-5N 144A.................... ... 10/25/2008. SCHEDULED REPAYMENT...... ........................... ...........124,268 ...........124,268 ............101,868 ............121,026 .................... ..........3,241 ...................... .............3,241 ................... .............124,268 .................. ....................... ....................0 ............1,645 07/25/2034<br />
82087K AG 4 SHEARSON LEHMAN BROS HOLDINGS.......... ... 09/15/2008. JP MORGAN.............................. ........................... ........2,850,000 ......10,000,000 .........9,340,200 .........9,867,711 .................... .......(44,875) ...................... ..........(44,875) ................... ..........9,822,836 .................. .....(6,972,836) .....(6,972,836) ........600,000 04/01/2011<br />
8265Q0 UG 5 SIGMA FINANCE INC 144A NTS........................ ... 03/13/2008. DIRECT WITH SIGMA FINANCE INC ........................... ......50,000,000 ......50,000,000 .......50,000,000 .......50,000,000 .................... .................... ...................... ....................0 ................... ........50,000,000 .................. ....................... ....................0 .....1,300,000 11/21/2016<br />
828391 AA 0 SILVERLEAF FINANCE LLC 05-A A................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........117,671 ...........117,671 ............117,668 ............117,671 .................... .................... ...................... ....................0 ................... .............117,671 .................. ....................... ....................0 ............2,854 11/15/2016<br />
828807 AM 9 SIMON PROPERTY GROUP INC NT.................. ... 08/28/2008. MATURED.................................. ........................... .............20,000 .............20,000 ..............19,865 ..............19,916 .................... ...............84 ...................... ..................84 ................... ...............20,000 .................. ....................... ....................0 ............1,075 08/28/2008<br />
829192 BD 4 SIMSBURY CLO CORP CL A 144A CO.............. ... 09/25/2008. VARIOUS................................... ........................... ........4,745,618 ........4,049,248 .........1,499,856 .........2,358,642 .................... .................... ...................... ....................0 ................... ..........2,358,642 .................. ......2,386,976 ......2,386,976 ...................... 09/24/2011<br />
829809 AF 9 SITHE/INDEPENDENCE FNDG SER A.............. ... 12/30/2008. SCHEDULED REPAYMENT...... ........................... ........2,927,303 ........2,927,303 .........2,904,382 .........2,927,004 .................... .............300 ...................... ................300 ................... ..........2,927,303 .................. ....................... ....................0 ........362,389 12/30/2013<br />
83081X AB 1 SKY FINL SEC CORP IV 2002-A CL................... ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,544,417 ........1,544,417 .........1,572,652 .........1,546,242 .................... .........(1,826) ...................... ............(1,826) ................... ..........1,544,417 .................. ....................... ....................0 ..........51,353 07/16/2018<br />
83081V AB 5 SKY FINL SEC CORP SER2001-C CL................ ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ........5,871,626 ........5,871,626 .........6,026,545 .........5,892,508 .................... .......(20,882) ...................... ..........(20,882) ................... ..........5,871,626 .................. ....................... ....................0 ........267,411 01/15/2013<br />
830827 AB 7 SKY FINL SECRZTN CORP VII 03-B.................. ... 12/20/2008. SCHEDULED REPAYMENT...... ........................... ........2,168,199 ........2,168,199 .........2,168,199 .........2,168,199 .................... .................... ...................... ....................0 ................... ..........2,168,199 .................. ....................... ....................0 ..........60,847 11/20/2014<br />
78442F AN 8 SLM CORP MTN.................................................. ... 03/17/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,021,860 .........2,001,034 .................... .........(1,034) ...................... ............(1,034) ................... ..........2,000,000 .................. ....................... ....................0 ..........36,250 03/17/2008<br />
863573 AJ 0 SMART 91-1-J 7YR CMO.................................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............1,689 ...............1,689 ................1,260 ................1,689 .................... .................... ...................... ....................0 ................... .................1,689 .................. ....................... ....................0 .................86 06/25/2022<br />
832389 AB 6 SMITHS FOOD & DRUG PTC TR 94A2.............. ... 12/02/2008. VARIOUS................................... ........................... ...........744,794 ...........744,794 ............744,794 ............744,794 .................... .................... ...................... ....................0 ................... .............744,794 .................. ....................... ....................0 ..........74,997 07/02/2012<br />
83787# AA 9 SOUTH FT MEADE PRTNRSHP SR SEC.......... ... 10/25/2008. SCHEDULED REPAYMENT...... ........................... ........1,999,211 ........1,999,211 .........1,999,211 .........1,999,211 .................... .................... ...................... ....................0 ................... ..........1,999,211 .................. ....................... ....................0 ..........87,201 12/13/2010<br />
84281# AA 8 SOUTHERN ENERGY FIN CO SR NTS.............. ... 12/22/2008. VARIOUS................................... ........................... ........2,074,873 ........2,074,873 .........2,074,873 .........2,074,873 .................... .................... ...................... ....................0 ................... ..........2,074,873 .................. ....................... ....................0 ........150,685 12/22/2018<br />
82048@ AE 0 SOUTHERN PAC TRANS CO-LESSEE;S.......... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........621,751 ...........621,751 ............624,047 ............621,755 .................... ................(4) ...................... ...................(4) ................... .............621,751 .................. ....................... ....................0 ..........22,445 07/02/2013<br />
843597 AF 2 SOUTHERN PACIFIC RAIL SER A-6.................. ... 01/02/2008. VARIOUS................................... ........................... ........9,950,608 ........9,950,596 .......10,444,364 .......10,094,830 .................... ............(150) ...................... ...............(150) ................... ........10,094,680 .................. ........(144,072) ........(144,072) ........399,020 07/02/2012<br />
843599 AA 9 SOUTHERN PACIFIC TRANS CO PTC'............. ... 04/30/2008. CALLED AT 99.9999625............ ........................... ........1,876,979 ........1,876,980 .........1,876,980 .........1,876,980 .................... .................... ...................... ....................0 ................... ..........1,876,980 .................. ...................(1) ...................(1) ..........68,322 04/30/2015<br />
8447HB AB 8 SOUTHTRUST BANK-ALABAMA SUB NT......... ... 11/15/2008. MATURED.................................. ........................... ........2,350,000 ........2,350,000 .........2,327,182 .........2,347,634 .................... ..........2,366 ...................... .............2,366 ................... ..........2,350,000 .................. ....................... ....................0 ........164,500 11/15/2008<br />
844741 AG 3 SOUTHWEST AIRLINES CO SR DB................... ... 09/24/2008. SCHEDULED REPAYMENT...... ........................... .............90,523 .............90,523 ..............82,190 ..............90,464 .................... ...............59 ...................... ..................59 ................... ...............90,523 .................. ....................... ....................0 ............4,880 09/24/2012<br />
844741 AT 5 SOUTHWEST AIRLINES PTC 96-A1 E............... ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ...........193,303 ...........193,303 ............181,830 ............193,292 .................... ...............11 ...................... ..................11 ................... .............193,303 .................. ....................... ....................0 ............7,413 01/02/2014<br />
84474W AA 8 SOUTHWEST AIRLINES PTC 98-A ET.............. ... 01/02/2008. UNASSIGNED REPAYMENT.... ........................... ...........604,579 ...........604,579 ............604,579 ............604,579 .................... .................... ...................... ....................0 ................... .............604,579 .................. ....................... ....................0 ..........19,740 07/02/2019<br />
84603M LL 8 SOVEREIGN BK FSB WYOMISSING PA........... ... 02/01/2008. MATURED.................................. ........................... ........1,500,000 ........1,500,000 .........1,498,575 .........1,498,575 .................... .................... ...................... ....................0 ................... ..........1,498,575 .................. .............1,425 .............1,425 ..........30,247 02/01/2008<br />
84861# AA 6 SPIRITS OF ST LOUIS BASKETBALL................ ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,390,851 ........1,390,851 .........1,390,851 .........1,390,851 .................... .................... ...................... ....................0 ................... ..........1,390,851 .................. ....................... ....................0 ..........71,181 12/31/2021<br />
84901# AA 8 SPOKANE ENERGY FDG TR SR SEC N........... ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,306,973 ........1,306,973 .........1,306,973 .........1,306,973 .................... .................... ...................... ....................0 ................... ..........1,306,973 .................. ....................... ....................0 ..........60,367 01/31/2015<br />
852060 AC 6 SPRINT CAPITAL CORP NT............................... ... 06/19/2008. CALLED AT 101.59.................... ........................... ........5,079,500 ........5,000,000 .........4,404,170 .........4,905,138 .................... ........49,287 ...................... ...........49,287 ................... ..........4,954,425 .................. .........125,075 .........125,075 ........179,497 11/15/2008
E14.35<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
852061 AE 0 SPRINT NEXTEL CORP FLTG NT...................... ... 03/04/2008. VARIOUS................................... ........................... .............49,172 .............55,000 ..............54,983 ..............54,985 .................... .................1 ...................... ....................1 ................... ...............54,986 .................. ............(5,814) ............(5,814) ...............486 06/28/2010<br />
79286L DN 9 ST PAUL COS...................................................... ... 12/15/2008. MATURED.................................. ........................... ...........500,000 ...........500,000 ............503,205 ............500,411 .................... ............(411) ...................... ...............(411) ................... .............500,000 .................. ....................... ....................0 ..........31,900 12/15/2008<br />
85590A AD 6 STARWOOD HOTELS & RESORTS WORL....... ... 07/09/2008. GREENWICH CAPITAL MARKETS ........................... INC<br />
........3,024,780 ........3,000,000 .........3,153,925 .........3,110,917 .................... .......(12,082) ...................... ..........(12,082) ................... ..........3,098,835 .................. ..........(74,055) ..........(74,055) ........166,031 05/01/2012<br />
85746* BZ 2 STATE ST BK & TR (NOVA CHEM).................... ... 03/27/2008. SCHEDULED REPAYMENT...... ........................... ...........533,954 ...........533,954 ............533,954 ............533,954 .................... .................... ...................... ....................0 ................... .............533,954 .................. ....................... ....................0 ..........21,065 09/27/2016<br />
85746* CA 6 STATE ST BK & TR NOVA CHEMICAL.............. ... 03/27/2008. SCHEDULED REPAYMENT...... ........................... ...........890,462 ...........890,462 ............890,462 ............890,462 .................... .................... ...................... ....................0 ................... .............890,462 .................. ....................... ....................0 ..........31,656 09/27/2016<br />
85846T AA 3 STEINER PROPERTIES L L C SER 1................. ... 11/30/2008. SCHEDULED REPAYMENT...... ........................... ...........417,494 ...........417,494 ............419,464 ............417,507 .................... ..............(13) ...................... .................(13) ................... .............417,494 .................. ....................... ....................0 ..........17,280 03/31/2012<br />
X8687# AA 1 STRAUMUR-BURDARAS INV BK SER A........... F. 03/29/2008. SCHEDULED REPAYMENT...... ........................... ........5,250,000 ........5,250,000 .........5,250,000 .........5,250,000 .................... .................... ...................... ....................0 ................... ..........5,250,000 .................. ....................... ....................0 ........190,050 03/29/2011<br />
86331Y AA 2 STRIPS III LTD/CORP 2003-1 CL........................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,251,377 ........1,251,377 .........1,248,184 .........1,251,384 .................... ................(7) ...................... ...................(7) ................... ..........1,251,377 .................. ....................... ....................0 ..........22,472 03/24/2018<br />
863579 KA 5 STRUCTURED ADJ RT MTG LN TR 20.............. ... 01/25/2008. SCHEDULED REPAYMENT...... ........................... ...............4,839 ...............4,839 ................4,841 ................4,839 .................... .................... ...................... ....................0 ................... .................4,839 .................. ....................... ....................0 .................20 01/25/2035<br />
863579 XS 2 STRUCTURED ADJ RT MTG LN 05-18.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........767,025 ...........767,025 ............765,302 ............767,011 .................... ...............14 ...................... ..................14 ................... .............767,025 .................. ....................... ....................0 ..........21,797 09/25/2035<br />
863579 G6 9 STRUCTURED ADJ RT MTG LN 05-22.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,218 ...............3,218 ................3,215 ................3,218 .................... .................... ...................... ....................0 ................... .................3,218 .................. ....................... ....................0 .................76 12/25/2035<br />
86359D DX 2 STRUCTURED ASSET SECS CORP 05-........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,220,307 ........1,220,307 .........1,223,726 .........1,220,961 .................... ............(654) ...................... ...............(654) ................... ..........1,220,307 .................. ....................... ....................0 ..........33,688 06/25/2035<br />
86359B AA 9 STRUCTURED ASSET SECS CORP 200.......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,289,554 ........1,289,554 .........1,291,270 .........1,289,830 .................... ............(276) ...................... ...............(276) ................... ..........1,289,554 .................. ....................... ....................0 ..........35,810 10/25/2033<br />
86359D NV 5 STRUCTURED ASSET SECS 05-15 3A............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........341,393 ...........341,393 ............340,389 ............341,348 .................... ...............44 ...................... ..................44 ................... .............341,393 .................. ....................... ....................0 ............8,652 08/25/2035<br />
86357K AC 7 STRUCTURED PLACEMENTS TR SER P......... ... 07/17/2008. SCHEDULED REPAYMENT...... ........................... ...........123,378 ...........123,378 ............120,403 ............123,366 .................... ...............12 ...................... ..................12 ................... .............123,378 .................. ....................... ....................0 ............2,922 07/17/2013<br />
J7771K DA 2 SUMITOMO MITSUI BANKING CORP S............ ... 08/01/2008. CALLED AT 100......................... ........................... ......14,000,000 ......14,000,000 .......14,846,250 .......14,138,172 .................... .....(137,512) ...................... ........(137,512) ................... ........14,000,660 .................. ...............(660) ...............(660) ........855,750 08/29/2049<br />
86708* AA 2 SUNBELT CHLOR ALKALI PTRSP SER............ ... 12/22/2008. SCHEDULED REPAYMENT...... ........................... ...........625,000 ...........625,000 ............625,000 ............625,000 .................... .................... ...................... ....................0 ................... .............625,000 .................. ....................... ....................0 ..........45,188 12/22/2017<br />
86708* AB 0 SUNBELT CHLOR ALKALI PTRSP SER............ ... 12/22/2008. SCHEDULED REPAYMENT...... ........................... ...........625,000 ...........625,000 ............625,000 ............625,000 .................... .................... ...................... ....................0 ................... .............625,000 .................. ....................... ....................0 ..........45,188 12/22/2017<br />
867229 AE 6 SUNCOR ENERGY INC NT................................. ... 10/29/2008. JP MORGAN.............................. ........................... ...............3,411 ...............5,000 ................5,015 ................5,015 .................... .................... ...................... ....................0 ................... .................5,015 .................. ............(1,604) ............(1,604) ...............287 06/15/2038<br />
867232 AA 8 SUNCORP-METWAY LTD STEP UP 144........... ... 06/15/2008. CALLED AT 100......................... ........................... ........2,500,000 ........2,500,000 .........2,494,817 .........2,496,912 .................... .............237 ...................... ................237 ................... ..........2,497,149 .................. .............2,851 .............2,851 ..........43,750 06/15/2013<br />
86788X 9A 4 SUNTRUST RE INVEST CORP PERP (............. ... 09/01/2008. EXCHANGED............................. ........................... ......19,612,985 ......20,000,000 .......19,604,800 .......19,612,378 .................... .............607 ...................... ................607 ................... ........19,612,985 .................. ....................... ....................0 ........900,000 03/31/2049<br />
000000 00 0 SURGICAL CARE INC TRNCH B TERM............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............20,000 .............20,000 ..............20,000 ..............20,000 .................... .................... ...................... ....................0 ................... ...............20,000 .................. ....................... ....................0 ...............828 12/29/2014<br />
870756 B* 3 SWIFT TRANSPORTATION CO TRNCH............ ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ..........70,607 05/06/2014<br />
87203R AA 0 SYSTEMS 2001 ASSET TR (BAE) PT................ ... 12/15/2008. VARIOUS................................... ........................... ........1,345,786 ........1,345,786 .........1,399,143 .........1,347,431 .................... ............(724) ...................... ...............(724) ................... ..........1,346,708 .................. ...............(922) ...............(922) ..........57,690 09/15/2013<br />
87203R AC 6 SYSTEMS 2001 ASSET TRUST LLC C.............. ... 12/15/2008. VARIOUS................................... ........................... ........1,546,364 ........1,546,364 .........1,572,031 .........1,546,458 .................... ..............(24) ...................... .................(24) ................... ..........1,546,434 .................. .................(70) .................(70) ..........68,170 12/15/2011<br />
87510@ AB 4 TAMKO ROOFING PRODS INC SER B.............. ... 11/02/2008. SCHEDULED REPAYMENT...... ........................... ........2,142,857 ........2,142,857 .........2,142,857 .........2,142,857 .................... .................... ...................... ....................0 ................... ..........2,142,857 .................. ....................... ....................0 ........165,214 11/02/2009<br />
875454 AA 8 TANGARA US LEASING PTC 91 144A............... ... 01/05/2008. MATURED.................................. ........................... ......12,000,000 ......12,000,000 .......12,000,000 .......12,000,000 .................... .................... ...................... ....................0 ................... ........12,000,000 .................. ....................... ....................0 .....1,068,000 01/05/2008<br />
87612E AG 1 TARGET CORP NT.............................................. ... 10/01/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,965,200 .........9,995,585 .................... ..........4,415 ...................... .............4,415 ................... ........10,000,000 .................. ....................... ....................0 ........540,000 10/01/2008<br />
87238K AA 4 TE PRODUCTS PIPELINE COMPANY S............ ... 01/15/2008. MATURED.................................. ........................... ......11,500,000 ......11,500,000 .......11,331,310 .......11,498,779 .................... ..........1,221 ...................... .............1,221 ................... ........11,500,000 .................. ....................... ....................0 ........370,875 01/15/2008<br />
877904 AA 0 TEAM CLASSIC GOLF SVCS INC SR................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........510,680 ...........510,680 ............513,437 ............510,682 .................... ................(2) ...................... ...................(2) ................... .............510,680 .................. ....................... ....................0 ..........36,514 12/01/2010<br />
87938W AA 1 TELEFONICA EMISIONES S A U SR................. ... 08/14/2008. DEUTSCHE BANK SECS INC... ........................... ......15,218,700 ......15,000,000 .......15,002,300 .......15,001,668 .................... ............(281) ...................... ...............(281) ................... ........15,001,387 .................. .........217,313 .........217,313 ........595,907 06/20/2011<br />
87973T AA 4 TEMIR CAP BV 144A MTN.................................. ... 06/24/2008. VARIOUS................................... ........................... ......11,797,525 ......14,000,000 .......13,825,420 .......13,836,409 .................... ..........6,389 ...................... .............6,389 ................... ........13,842,798 .................. .....(2,045,273) .....(2,045,273) ........593,291 05/21/2014<br />
881624 A@ 9 TEVA PHARMACEUTICALS INDS LTD.............. ... 06/15/2008. MATURED.................................. ........................... ......17,700,000 ......17,700,000 .......17,761,800 .......17,707,646 .................... .........(7,646) ...................... ............(7,646) ................... ........17,700,000 .................. ....................... ....................0 ........607,995 06/15/2008<br />
882389 CA 5 TEXAS EASTERN TRANSMISSION COR.......... ... 08/13/2008. MERRILL LYNCH....................... ........................... ........9,494,100 ........9,000,000 .........9,141,970 .........9,054,142 .................... .......(11,000) ...................... ..........(11,000) ................... ..........9,043,142 .................. .........450,958 .........450,958 ........469,025 12/01/2010<br />
883199 B* 1 TEXTRON FINANCIAL CORP SER B S.............. ... 09/14/2008. SCHEDULED REPAYMENT...... ........................... ...........631,579 ...........631,579 ............631,579 ............631,579 .................... .................... ...................... ....................0 ................... .............631,579 .................. ....................... ....................0 ..........14,495 09/14/2017<br />
883199 A@ 0 TEXTRON FINANCIAL CORP SR NTS............... ... 12/24/2008. SCHEDULED REPAYMENT...... ........................... ........2,105,263 ........2,105,263 .........2,105,263 .........2,105,263 .................... .................... ...................... ....................0 ................... ..........2,105,263 .................. ....................... ....................0 ..........69,316 12/24/2013<br />
88319Q G9 8 TEXTRON FINANCIAL MTN SER E.................... ... 03/03/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,958,960 .........3,997,029 .................... ..........2,971 ...................... .............2,971 ................... ..........4,000,000 .................. ....................... ....................0 ..........77,000 03/03/2008<br />
883203 BG 5 TEXTRON INC NT................................................ ... 11/15/2008. MATURED.................................. ........................... ........8,025,000 ........8,025,000 .........7,957,557 .........8,014,741 .................... ........10,259 ...................... ...........10,259 ................... ..........8,025,000 .................. ....................... ....................0 ........511,594 11/15/2008<br />
883203 BH 3 TEXTRON INC NT................................................ ... 09/11/2008. DAIN RAUSCHER WESSELS... ........................... .............15,657 .............15,000 ..............15,916 ..............15,914 .................... ............(134) ...................... ...............(134) ................... ...............15,780 .................. ...............(123) ...............(123) ...............772 06/01/2012<br />
884103 AA 0 THIOKOL CORPORATION SR NTS................... ... 03/01/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,971,150 .........4,999,339 .................... .............661 ...................... ................661 ................... ..........5,000,000 .................. ....................... ....................0 ........165,625 03/01/2008<br />
88431Q AB 2 THOMAS & BETTS MTN..................................... ... 05/07/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,987,500 .........4,999,413 .................... .............587 ...................... ................587 ................... ..........5,000,000 .................. ....................... ....................0 ........171,146 05/07/2008<br />
884903 AP 0 THOMSON CORP BD.......................................... ... 02/01/2008. MATURED.................................. ........................... ........6,435,000 ........6,435,000 .........6,783,980 .........6,441,431 .................... .........(6,431) ...................... ............(6,431) ................... ..........6,435,000 .................. ....................... ....................0 ........185,006 02/01/2008<br />
884903 AZ 8 THOMSON CORP SR NT.................................... ... 04/16/2008. LEHMAN BROTHERS............... ........................... .............19,591 .............20,000 ..............19,851 ..............19,855 .................... .................5 ...................... ....................5 ................... ...............19,861 .................. ...............(270) ...............(270) ...............621 10/01/2014<br />
878091 AK 3 TIAA SER 2001 CL A3 CMBS 144A.................... ... 05/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,059,538 ........4,059,538 .........4,084,834 .........4,061,394 .................... .........(1,856) ...................... ............(1,856) ................... ..........4,059,538 .................. ....................... ....................0 ..........86,256 06/19/2026<br />
88732J AG 3 TIME WARNER CABLE INC NT.......................... ... 06/25/2008. VARIOUS................................... ........................... .............19,910 .............20,000 ..............19,699 ..............19,721 .................... ...............19 ...................... ..................19 ................... ...............19,740 .................. ................170 ................170 ...............905 07/02/2012<br />
88731E AK 6 TIME WARNER ENTERTAINMENT DEBS......... ... 06/27/2008. HSBC SECURITIES INC............ ........................... ......28,447,360 ......28,336,000 .......28,639,215 .......28,381,068 .................... .......(33,857) ...................... ..........(33,857) ................... ........28,347,211 .................. .........100,149 .........100,149 .....1,717,673 09/01/2008<br />
887364 AA 5 TIMES MIRROR CO DB....................................... ... 12/31/2008. VARIOUS................................... ........................... ...........400,000 ........5,000,000 .........1,522,094 .........5,080,670 .................... .......(10,030) ....3,670,640 .....(3,680,670) ................... ..........1,400,000 .................. .....(1,000,000) .....(1,000,000) ........362,500 03/01/2013<br />
887364 AB 3 TIMES MIRROR CO DB....................................... ... 12/31/2008. VARIOUS................................... ........................... ...........120,000 ........2,000,000 ............565,738 .........1,691,194 .................... .........(1,407) ....1,129,787 .....(1,131,194) ................... .............560,000 .................. ........(440,000) ........(440,000) ........150,000 07/01/2023<br />
887364 AF 4 TIMES MIRROR CO DB....................................... ... 12/11/2008. VARIOUS................................... ........................... ...........594,850 ......11,897,000 .........3,490,618 .......13,245,039 .................... .......(28,787) ....9,885,091 .....(9,913,878) ................... ..........3,331,161 .................. .....(2,736,311) .....(2,736,311) ........786,392 09/15/2027<br />
88739L BB 1 TIMKEN CO MTN................................................. ... 01/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........5,000,000 .........5,000,000 .................... .................... ...................... ....................0 ................... ..........5,000,000 .................. ....................... ....................0 ........129,167 01/15/2008<br />
894116 AA 0 TOLL NZ FKA TRANZ RAIL FINANCE................ F. 06/19/2008. MATURED.................................. ........................... ........2,125,823 ........2,125,823 .........2,127,040 .........2,125,888 .................... ..............(65) ...................... .................(65) ................... ..........2,125,823 .................. ....................... ....................0 ........154,723 06/19/2008<br />
891160 BB 8 TORONTO DOMINION BANK (NY) SB............... ... 08/15/2008. MATURED.................................. ........................... ......17,600,000 ......17,600,000 .......17,379,147 .......17,585,431 .................... ........14,569 ...................... ...........14,569 ................... ........17,600,000 .................. ....................... ....................0 .....1,144,000 08/15/2008<br />
891160 BC 6 TORONTO DOMINION BANK NY SR NT........... ... 10/15/2008. MATURED.................................. ........................... ........3,413,000 ........3,413,000 .........3,523,342 .........3,445,470 .................... .......(32,470) ...................... ..........(32,470) ................... ..........3,413,000 .................. ....................... ....................0 ........209,900 10/15/2008<br />
891160 BD 4 TORONTO DOMINION BANK NY SUB N........... ... 11/01/2008. MATURED.................................. ........................... ........2,500,000 ........2,500,000 .........2,295,175 .........2,480,981 .................... ........19,019 ...................... ...........19,019 ................... ..........2,500,000 .................. ....................... ....................0 ........153,125 11/01/2008
E14.36<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
87277@ AA 9 TPF GENERATION HLDGS LLC TRNCH........... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........181,616 ...........181,616 ............182,079 ............181,901 .................... ............(285) ...................... ...............(285) ................... .............181,616 .................. ....................... ....................0 ..........10,952 12/15/2013<br />
893570 BP 5 TRANSCONTINENTAL GAS PIPE LINE............. ... 01/15/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,744,200 .........9,997,966 .................... ..........2,034 ...................... .............2,034 ................... ........10,000,000 .................. ....................... ....................0 ........312,500 01/15/2008<br />
893830 AS 8 TRANSOCEAN INC SR NT.................................. ... 04/29/2008. JP MORGAN.............................. ........................... ...............5,148 ...............5,000 ................4,983 ................4,983 .................... .................... ...................... ....................0 ................... .................4,984 .................. ................164 ................164 ...............118 03/15/2018<br />
893960 AB 0 TRAVELERS FDG LTD/CORP CL A2 S.............. ... 08/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,329,682 ........1,329,682 .........1,385,178 .........1,331,508 .................... .........(1,826) ...................... ............(1,826) ................... ..........1,329,682 .................. ....................... ....................0 ..........55,638 02/18/2014<br />
89420G AG 4 TRAVELERS PROPERTY CASUALTY CO........ ... 03/15/2008. MATURED.................................. ........................... ........2,550,000 ........2,550,000 .........2,548,716 .........2,549,941 .................... ...............59 ...................... ..................59 ................... ..........2,550,000 .................. ....................... ....................0 ..........47,813 03/15/2008<br />
896047 AF 4 TRIBUNE COMPANY NTS.................................. ... 12/09/2008. VARIOUS................................... ........................... ........2,011,250 ......25,000,000 .........7,469,236 .......24,903,924 .................... ..........7,840 ..17,411,764 ...(17,403,924) ................... ..........7,500,000 .................. .....(5,488,750) .....(5,488,750) .....1,384,688 08/15/2015<br />
000000 00 0 TRIBUNE COMPANY TRNCH B TERM L........... ... 12/31/2008. VARIOUS................................... ........................... .............67,500 .............67,500 ..............63,477 ..............67,025 .................... .............357 ...................... ................357 ................... ...............67,500 .................. ....................... ....................0 ............2,383 12/31/2014<br />
000000 00 0 TRIBUNE COMPANY TRNCH X TERM L........... ... 12/31/2008. VARIOUS................................... ........................... ........3,543,111 ........3,543,111 .........3,543,111 .........3,543,111 .................... .................... ...................... ....................0 ................... ..........3,543,111 .................. ....................... ....................0 ........206,677 05/17/2009<br />
89653Q A@ 4 TRINITY MIRROR PLC SER A SR NT................ F. 10/24/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........4,000,000 .........4,000,000 .................... .................... ...................... ....................0 ................... ..........4,000,000 .................. ....................... ....................0 ........264,000 10/24/2008<br />
89655V AA 0 TRINITY RAIL LEASING III LP 20........................ ... 12/12/2008. SCHEDULED REPAYMENT...... ........................... ...........389,745 ...........389,745 ............389,745 ............389,745 .................... .................... ...................... ....................0 ................... .............389,745 .................. ....................... ....................0 ..........11,662 10/12/2026<br />
896880 BA 8 TRIZECHAHN OFFICE PROP 01-TZH................ ... 03/10/2008. SCHEDULED REPAYMENT...... ........................... ........1,636,095 ........1,636,095 .........1,636,119 .........1,636,096 .................... ................(1) ...................... ...................(1) ................... ..........1,636,095 .................. ....................... ....................0 ..........26,677 03/15/2013<br />
897053 AB 0 TRONOX WORLDWIDE LLC/FINANCE C.......... ... 12/02/2008. DEUTSCHE BANK SECS INC... ........................... ...........184,875 ........2,175,000 .........2,218,244 .........2,206,279 .................... .........(6,491) ...................... ............(6,491) ................... ..........2,199,788 .................. .....(2,014,913) .....(2,014,913) ........103,313 12/01/2012<br />
89840@ AA 3 TRUSTILE DOORS SR SB NTS.......................... ... 06/30/2008. DIRECT WITH COMPANY......... ........................... ........4,000,000 ........4,000,000 .........3,640,000 .........3,842,953 .................... ........30,663 ...................... ...........30,663 ................... ..........3,873,616 .................. .........126,384 .........126,384 ........250,000 03/31/2010<br />
87305N AV 0 TTS PTC 04-A1 EQUIP TR.................................. ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........104,629 ...........104,629 ............104,629 ............104,629 .................... .................... ...................... ....................0 ................... .............104,629 .................. ....................... ....................0 ............2,923 01/02/2022<br />
87305Q AV 3 TTX CO 144A MTN.............................................. ... 01/31/2008. MATURED.................................. ........................... ......14,000,000 ......14,000,000 .......13,991,040 .......13,999,893 .................... .............107 ...................... ................107 ................... ........14,000,000 .................. ....................... ....................0 ........284,608 01/31/2008<br />
87305Q BQ 3 TTX CO 144A MTN.............................................. ... 03/01/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........1,999,900 .........1,999,996 .................... .................4 ...................... ....................4 ................... ..........2,000,000 .................. ....................... ....................0 ..........38,750 03/01/2008<br />
87305N AS 7 TTX CO 98-A PASS THRU TR 144A................... ... 07/15/2008. CALLED...................................... ........................... .............46,915 .............46,915 ..............46,915 ..............46,915 .................... .................... ...................... ....................0 ................... ...............46,915 .................. ....................... ....................0 ............2,943 01/15/2021<br />
898602 AC 1 TUBOSCOPE INC GTD NT................................. ... 02/15/2008. MATURED.................................. ........................... ......22,025,000 ......22,025,000 .......24,566,746 .......22,094,439 .................... .......(69,439) ...................... ..........(69,439) ................... ........22,025,000 .................. ....................... ....................0 ........825,938 02/15/2008<br />
89989E AC 1 TURANALEM FINANCE BV 144A NT................. ... 12/31/2008. VARIOUS................................... ........................... ........5,272,500 ........5,700,000 .........5,436,164 .........5,315,250 .................... ........37,981 ...................... ...........37,981 ................... ..........5,353,231 .................. ..........(80,731) ..........(80,731) ........155,859 06/02/2010<br />
89464# AA 6 TWO LLC SR SEC............................................... ... 12/31/2008. SCHEDULED REPAYMENT...... ........................... ........1,321,636 ........1,321,636 .........1,322,557 .........1,321,681 .................... ..............(45) ...................... .................(45) ................... ..........1,321,636 .................. ....................... ....................0 ..........55,281 06/30/2018<br />
90347X AB 6 UCAR INTERNATIONAL INC CO GUAR............ ... 09/29/2008. CALLED AT 103.417.................. ........................... ...........682,552 ...........660,000 ............655,950 ............658,272 .................... ............(411) ...................... ...............(411) ................... .............657,860 .................. ...........24,692 ...........24,692 ..........46,401 02/15/2012<br />
904764 AG 2 UNILEVER CAPITAL CORP GBL NT.................. ... 06/13/2008. JEFFERIES & COMPANY......... ........................... ........2,132,320 ........2,000,000 .........2,101,754 .........2,041,102 .................... .........(6,353) ...................... ............(6,353) ................... ..........2,034,750 .................. ...........97,570 ...........97,570 ..........89,854 11/01/2010<br />
907821 S9 4 UNION PAC RR CO (BNY MIDWEST T.............. ... 03/29/2008. SCHEDULED REPAYMENT...... ........................... ...........325,264 ...........325,264 ............325,264 ............325,264 .................... .................... ...................... ....................0 ................... .............325,264 .................. ....................... ....................0 ............6,278 09/29/2012<br />
907821 T2 8 UNION PAC RR CO (BNY MIDWEST T.............. ... 09/29/2008. SCHEDULED REPAYMENT...... ........................... ...........210,521 ...........210,521 ............210,521 ............210,521 .................... .................... ...................... ....................0 ................... .............210,521 .................. ....................... ....................0 ............4,108 09/29/2012<br />
907818 BA 5 UNION PACIFIC CORP NTS............................... ... 08/14/2008. LEHMAN BROTHERS............... ........................... ........8,241,000 ........8,200,000 .........8,561,620 .........8,237,946 .................... .......(28,679) ...................... ..........(28,679) ................... ..........8,209,267 .................. ...........31,733 ...........31,733 ........475,600 11/01/2008<br />
90781# AG 7 UNION PACIFIC RAILROAD TR SER................. ... 07/16/2008. SCHEDULED REPAYMENT...... ........................... .............65,002 .............65,002 ..............65,002 .......................... .................... .................... ...................... ....................0 ................... ...............65,002 .................. ....................... ....................0 ...............787 01/16/2016<br />
907834 AE 5 UNION PACIFIC RESOURCES GROUP............. ... 05/15/2008. MATURED.................................. ........................... ........6,000,000 ........6,000,000 .........5,991,420 .........5,999,563 .................... .............437 ...................... ................437 ................... ..........6,000,000 .................. ....................... ....................0 ........202,500 05/15/2008<br />
907833 AC 1 UNION PACIFIC RR CO PTC.............................. ... 04/10/2008. VARIOUS................................... ........................... ......10,891,923 ......10,891,923 .......11,011,657 .......10,937,992 .................... .........(2,967) ...................... ............(2,967) ................... ........10,935,025 .................. ..........(43,102) ..........(43,102) ........576,454 01/16/2016<br />
907833 AE 7 UNION PACIFIC RR CO SER 1998-A................. ... 08/23/2008. SCHEDULED REPAYMENT...... ........................... ...........213,372 ...........213,372 ............222,756 ............213,478 .................... ............(107) ...................... ...............(107) ................... .............213,372 .................. ....................... ....................0 ..........10,794 02/23/2019<br />
907833 AJ 6 UNION PACIFIC RR CO 2000-1 PST.................. ... 07/10/2008. SCHEDULED REPAYMENT...... ........................... ...........193,393 ...........193,393 ............215,285 ............193,513 .................... ............(119) ...................... ...............(119) ................... .............193,393 .................. ....................... ....................0 ..........15,472 01/10/2021<br />
90783S AA 0 UNION PACIFIC RR CO 2003-1 PST.................. ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........179,285 ...........179,285 ............177,539 ............179,282 .................... .................2 ...................... ....................2 ................... .............179,285 .................. ....................... ....................0 ............6,419 01/02/2024<br />
907833 AH 0 UNION PACIFIC RR CO 99-A PSTHR................ ... 07/02/2008. SCHEDULED REPAYMENT...... ........................... ...........216,852 ...........216,852 ............232,832 ............216,871 .................... ..............(19) ...................... .................(19) ................... .............216,852 .................. ....................... ....................0 ............9,084 01/02/2020<br />
908064 AA 6 UNION PLANTERS BANK SR SB NTS............... ... 03/15/2008. CALLED AT 100......................... ........................... ........3,800,000 ........3,800,000 .........3,524,348 .........3,597,877 .................... ..........2,827 ...................... .............2,827 ................... ..........3,600,704 .................. .........199,296 .........199,296 ........123,500 03/15/2018<br />
90858P AM 0 UNION TANK CAR CO SER C MTN................... ... 03/17/2008. MATURED.................................. ........................... ........3,000,000 ........3,000,000 .........2,845,680 .........2,994,957 .................... ..........5,043 ...................... .............5,043 ................... ..........3,000,000 .................. ....................... ....................0 ........103,717 03/17/2008<br />
908584 DF 9 UNION TANK CAR CO 1993-A EQUIP............... ... 04/15/2008. MATURED.................................. ........................... ...........257,325 ...........257,325 ............257,325 ............257,325 .................... .................... ...................... ....................0 ................... .............257,325 .................. ....................... ....................0 ............8,294 04/15/2008<br />
908594 A* 5 UNION TANK CAR COMPANY SR SEC'............ ... 06/02/2008. CALLED AT 100......................... ........................... ...........253,195 ...........253,195 ............253,195 ............253,195 .................... .................... ...................... ....................0 ................... .............253,195 .................. ....................... ....................0 ............8,634 06/01/2016<br />
908584 DG 7 UNION TANK CAR ETC 24.................................. ... 02/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,466,520 ........1,466,520 .........1,439,702 .........1,465,871 .................... .............649 ...................... ................649 ................... ..........1,466,520 .................. ....................... ....................0 ..........48,395 02/15/2009<br />
90858P AC 2 UNION TANK CAR MTN...................................... ... 01/15/2008. MATURED.................................. ........................... ........7,000,000 ........7,000,000 .........6,519,520 .........6,996,603 .................... ..........3,397 ...................... .............3,397 ................... ..........7,000,000 .................. ....................... ....................0 ........174,051 01/15/2008<br />
90858P AF 5 UNION TANK CAR MTN...................................... ... 08/15/2008. MATURED.................................. ........................... ........2,000,000 ........2,000,000 .........2,053,620 .........2,006,157 .................... .........(6,157) ...................... ............(6,157) ................... ..........2,000,000 .................. ....................... ....................0 ........130,200 08/15/2008<br />
908587 AE 8 UNION TANK CAR PTC 98-A.............................. ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... ........1,236,330 ........1,236,330 .........1,218,537 .........1,236,316 .................... ...............14 ...................... ..................14 ................... ..........1,236,330 .................. ....................... ....................0 ..........40,613 01/02/2014<br />
909279 AQ 4 UNITED AIR LINES INC SER 91E E................... ... 01/07/2008. CALLED AT 100......................... ........................... ...............2,789 ...............2,789 ...................168 .......................... .................1 .................... ...................... ....................1 ................... ........................1 .................. .............2,788 .............2,788 ...................... 11/27/2012<br />
909279 R# 0 UNITED AIRLINES INC TRNCH B TE................. ... 08/01/2008. UNASSIGNED REPAYMENT.... ........................... .............60,000 .............60,000 ..............60,262 ..............60,147 .................... ............(147) ...................... ...............(147) ................... ...............60,000 .................. ....................... ....................0 ............1,512 02/01/2014<br />
91311Q AA 3 UNITED UTILITIES NTS...................................... ... 04/01/2008. MATURED.................................. ........................... ........8,000,000 ........8,000,000 .........7,858,300 .........7,994,574 .................... ..........5,426 ...................... .............5,426 ................... ..........8,000,000 .................. ....................... ....................0 ........258,000 04/01/2008<br />
91324P BB 7 UNITEDHEALTH GROUP INC NT 144A............. ... 01/28/2008. VARIOUS................................... ........................... .............15,366 .............15,000 ..............14,906 ..............14,907 .................... .................... ...................... ....................0 ................... ...............14,907 .................. ................459 ................459 ...............155 11/15/2017<br />
91324P AF 9 UNITEDHEALTH GROUP INC SR NT................. ... 01/30/2008. MATURED.................................. ........................... ........1,000,000 ........1,000,000 ............985,040 ............999,562 .................... .............438 ...................... ................438 ................... ..........1,000,000 .................. ....................... ....................0 ..........16,500 01/30/2008<br />
914906 AE 2 UNIVISION COMM INC SR NTS......................... ... 10/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,965,400 .........4,994,034 .................... ..........5,966 ...................... .............5,966 ................... ..........5,000,000 .................. ....................... ....................0 ........193,750 10/15/2008<br />
90341W A* 9 US AIRWAYS GROUP INC TRNCH LCC............ ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... ...........910,000 ...........910,000 ............905,242 ............905,941 .................... ..........4,059 ...................... .............4,059 ................... .............910,000 .................. ....................... ....................0 ..........42,397 03/23/2014<br />
90331V BA 9 US BANK NA NT.................................................. ... 12/15/2008. MATURED.................................. ........................... ........1,750,000 ........1,750,000 .........1,662,903 .........1,736,564 .................... ........13,436 ...................... ...........13,436 ................... ..........1,750,000 .................. ....................... ....................0 ..........99,750 12/15/2008<br />
902984 AD 5 USA INTERACTIVE INC NT................................ ... 08/20/2008. TENDERED................................ ........................... ......42,421,753 ......39,230,000 .......42,204,541 .......41,051,500 .................... .....(203,634) ...................... ........(203,634) ................... ........40,847,866 .................. ......1,573,887 ......1,573,887 .....3,013,082 01/15/2013<br />
916906 AA 8 USFREIGHTWAYS CORP NT............................. ... 11/03/2008. VARIOUS................................... ........................... ........9,230,310 ........9,000,000 .........8,032,973 .........8,987,332 .................... ..........6,975 .......894,307 ........(887,332) ................... ..........8,100,000 .................. ......1,130,310 ......1,130,310 ........588,250 05/01/2009<br />
916906 AB 6 USFREIGHTWAYS CORP NTS.......................... ... 12/31/2008. VARIOUS................................... ........................... ........1,850,000 ........2,000,000 .........2,000,000 .........2,000,000 .................... .................... ...................... ....................0 ................... ..........2,000,000 .................. ........(150,000) ........(150,000) ........144,972 04/15/2010<br />
91203* AN 4 USGI INC 67TH FHA INSD PROJ MT................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............34,489 .............34,489 ..............32,422 ..............30,992 .................... ..........3,497 ...................... .............3,497 ................... ...............34,489 .................. ....................... ....................0 ............1,403 06/01/2023<br />
902905 AU 2 USX CORP NT..................................................... ... 03/01/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .......10,519,500 .......10,017,137 .................... .......(17,137) ...................... ..........(17,137) ................... ........10,000,000 .................. ....................... ....................0 ........342,500 03/01/2008<br />
91802M AA 8 UTILITY CONTRACT FNDG LLC SR S............... ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ...........669,209 ...........669,209 ............649,389 ............669,195 .................... ...............14 ...................... ..................14 ................... .............669,209 .................. ....................... ....................0 ..........34,830 10/01/2016<br />
W9788# AC 4 V&S VIN & SPRIT AB SR C SR NTS.................. F. 10/09/2008. CALLED AT 100......................... ........................... ......16,000,000 ......16,000,000 .......16,000,000 .......16,000,000 .................... .................... ...................... ....................0 ................... ........16,000,000 .................. ....................... ....................0 ........526,898 06/17/2010
E14.37<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
91913Y AL 4 VALERO ENERGY CORP NT............................. ... 08/06/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............4,405 ...............5,000 ................4,935 ................4,936 .................... .................... ...................... ....................0 ................... .................4,936 .................. ...............(531) ...............(531) ...............217 06/15/2037<br />
91913Y AM 2 VALERO ENERGY CORP NT............................. ... 08/06/2008. JP MORGAN.............................. ........................... ...............4,750 ...............5,000 ................5,091 ................5,090 .................... ................(5) ...................... ...................(5) ................... .................5,086 .................. ...............(336) ...............(336) ...............201 06/15/2017<br />
91914C AC 1 VALERO LOGISTICS OPS LP SR NT................. ... 01/09/2008. WACHOVIA SECURITIES......... ........................... .............13,184 .............13,000 ..............13,202 ..............13,189 .................... ................(1) ...................... ...................(1) ................... ...............13,188 .................. ...................(4) ...................(4) ...............260 03/15/2013<br />
921796 MH 8 VANDERBILT MTG FIN 02-B B1 SR................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........582,815 ...........582,815 ............569,272 ............582,805 .................... ...............10 ...................... ..................10 ................... .............582,815 .................. ....................... ....................0 ..........17,846 04/07/2018<br />
921796 MS 4 VANDERBILT MTG FIN 02-C B1 SR................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........691,319 ...........691,319 ............730,621 ............691,348 .................... ..............(29) ...................... .................(29) ................... .............691,319 .................. ....................... ....................0 ..........33,110 12/07/2016<br />
922122 AB 2 VARCO INTERNATIONAL INC NT...................... ... 06/12/2008. JP MORGAN.............................. ........................... ........3,623,935 ........3,500,000 .........3,527,244 .........3,512,822 .................... .........(1,704) ...................... ............(1,704) ................... ..........3,511,118 .................. .........112,817 .........112,817 ........159,299 05/01/2011<br />
925524 BF 6 VIACOM INC SR FLTG RT NT............................ ... 10/02/2008. VARIOUS................................... ........................... .............24,366 .............25,000 ..............25,089 ..............25,070 .................... ..............(21) ...................... .................(21) ................... ...............25,049 .................. ...............(683) ...............(683) ...............491 06/16/2009<br />
925524 AZ 3 VIACOM INC SR NT............................................. ... 09/02/2008. VARIOUS................................... ........................... .............25,049 .............25,000 ..............24,994 ..............24,995 .................... .................... ...................... ....................0 ................... ...............24,995 .................. ..................54 ..................54 ...............624 04/30/2011<br />
000000 00 0 VISTEON CORP TERM LOAN LN27337............. ... ................... .................................................... ........................... .......................... ......................... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ..........53,539 06/13/2013<br />
91830# AA 9 VML US FINANCE LLC TRANCH B TE............... ... 06/26/2008. GOLDMAN SACHS & COMPANY........................... ........7,760,000 ........8,000,000 .........8,024,769 .........8,022,387 .................... .........(2,093) ...................... ............(2,093) ................... ..........8,020,294 .................. ........(260,294) ........(260,294) ........252,269 05/25/2013<br />
92857W AC 4 VODAFONE GROUP PLC GLBL NT................... ... 01/30/2008. MATURED.................................. ........................... ........1,250,000 ........1,250,000 .........1,239,575 .........1,249,812 .................... .............188 ...................... ................188 ................... ..........1,250,000 .................. ....................... ....................0 ..........24,688 01/30/2008<br />
929766 B8 5 WACHOVIA BANK COM MTG WBCMT 05......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........532,698 ...........532,698 ............534,647 ............532,700 .................... ................(3) ...................... ...................(3) ................... .............532,698 .................. ....................... ....................0 ..........15,384 03/15/2042<br />
92976G AJ 0 WACHOVIA BANK NA MTN................................ ... 05/02/2008. WACHOVIA SECURITIES......... ........................... ...............4,860 ...............5,000 ................4,941 ................4,941 .................... .................... ...................... ....................0 ................... .................4,941 .................. .................(81) .................(81) ...............138 01/15/2038<br />
929766 MT 7 WACHOVIA BK COML MTG TR 03-C9............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........697,584 ...........697,584 ............700,129 ............697,622 .................... ..............(38) ...................... .................(38) ................... .............697,584 .................. ....................... ....................0 ..........30,323 12/15/2035<br />
93045# AC 2 WAGNER EQUIPMENT CO SR NTS.................. ... 10/04/2008. SCHEDULED REPAYMENT...... ........................... ........3,750,000 ........3,750,000 .........3,750,000 .........3,750,000 .................... .................... ...................... ....................0 ................... ..........3,750,000 .................. ....................... ....................0 ........246,750 10/04/2011<br />
93114K AB 9 WAL MART STORES INC PSTHR TR S............. ... 12/21/2008. SCHEDULED REPAYMENT...... ........................... ...............8,876 ...............8,876 ................9,427 ................8,882 .................... ................(6) ...................... ...................(6) ................... .................8,876 .................. ....................... ....................0 ...............562 12/21/2012<br />
931142 CM 3 WAL MART STORES INC SR NT........................ ... 04/08/2008. JP MORGAN.............................. ........................... ...............2,985 ...............3,000 ................2,991 .......................... .................... .................... ...................... ....................0 ................... .................2,991 .................. ...................(6) ...................(6) ...................... 04/15/2038<br />
93363E AA 3 WAMU MTG PSTHR CTFS SER 2006-A............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,670 ...............7,670 ................7,673 ................7,671 .................... .................... ...................... ....................0 ................... .................7,670 .................. ....................... ....................0 ...............226 09/25/2036<br />
92922F KU 1 WAMU MTG PSTHR 03-AR12 A6 VAR............... ... 12/19/2008. CALLED AT 100......................... ........................... ........2,800,000 ........2,800,000 .........2,854,250 .........2,849,016 .................... .........(1,378) ...................... ............(1,378) ................... ..........2,847,638 .................. ..........(47,638) ..........(47,638) ........101,666 02/25/2034<br />
93363P AD 2 WAMU MTG 06 AR14 1A4 CMO......................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............6,948 ...............6,948 ................6,950 ................6,949 .................... ................(1) ...................... ...................(1) ................... .................6,948 .................. ....................... ....................0 ...............196 11/25/2036<br />
92922F EA 2 WAMU 2003-AR10 CL A6 MTG PSTHR.............. ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,000,000 ........1,000,000 ............987,192 ............988,520 .................... ........11,480 ...................... ...........11,480 ................... ..........1,000,000 .................. ....................... ....................0 ..........26,360 10/25/2033<br />
93934N BF 1 WASH MUT MTG PSTHR 06 5 TR CL................ ... 12/31/2008. VARIOUS................................... ........................... .............28,748 .............28,748 ..............14,664 ..............28,748 .................... .................... ...................... ....................0 ................... ...............28,748 .................. ....................... ....................0 ...............943 07/25/2036<br />
939336 Q5 5 WASH MUT MTG 04-RA1 CB1 VAR RT............. ... 12/01/2008. VARIOUS................................... ........................... .............78,696 .............78,696 ..............70,300 ..............78,857 .................... ............(161) ...................... ...............(161) ................... ...............78,696 .................. ....................... ....................0 ............3,034 03/25/2034<br />
93933W AC 0 WASHINGTON MUT BK FA CHATS CA............. ... 11/20/2008. VARIOUS................................... ........................... ...............5,000 ........4,000,000 ................1,902 .........3,929,973 .................... ..........4,161 ....3,930,757 .....(3,926,596) ................... .................2,877 .................. .............2,123 .............2,123 ........205,000 01/15/2015<br />
93933V BC 1 WASHINGTON MUT BK FA CHATSWORT........ ... 11/20/2008. VARIOUS................................... ........................... .............12,500 ......10,000,000 ..............12,020 .........9,982,420 .................... ...............70 ....9,970,080 .....(9,970,010) ................... ...............12,410 .................. ..................90 ..................90 ........337,500 05/20/2036<br />
93933W AB 2 WASHINGTON MUT BK FA CHATSWORT........ ... 11/20/2008. VARIOUS................................... ........................... .............11,250 ........9,000,000 .......................... .........8,970,902 .................... ..........2,149 ....8,962,428 .....(8,960,279) ................... ...............10,623 .................. ................627 ................627 ........508,500 08/15/2014<br />
93933W AA 4 WASHINGTON MUT BK FA MTN TR SB............ ... 11/20/2008. VARIOUS................................... ........................... ...............8,481 ........6,785,000 ............104,234 .........6,847,063 .................... .........(6,809) ....6,826,202 .....(6,833,011) ................... ...............14,052 .................. ............(5,571) ............(5,571) ........233,234 06/15/2011<br />
93934F EV 0 WASHINGTON MUT MTG SEC CORP 20.......... ... 02/20/2008. VARIOUS................................... ........................... .............89,238 .............93,867 ..............93,094 ..............93,140 .................... ...............13 ...................... ..................13 ................... ...............93,143 .................. ............(3,905) ............(3,905) ............1,196 10/25/2020<br />
939322 AH 6 WASHINGTON MUTUAL INC GLOBAL N........... ... 01/15/2008. MATURED.................................. ........................... ......10,000,000 ......10,000,000 .........9,951,900 .........9,999,572 .................... .............428 ...................... ................428 ................... ........10,000,000 .................. ....................... ....................0 ........218,750 01/15/2008<br />
939322 AP 8 WASHINGTON MUTUAL INC NTS..................... ... 09/26/2008. UBS WARBURG........................ ........................... ........1,125,000 ........5,000,000 .........4,957,300 .........4,981,281 .................... ..........6,709 ...................... .............6,709 ................... ..........4,987,990 .................. .....(3,862,990) .....(3,862,990) ........210,000 01/15/2010<br />
939322 AN 3 WASHINGTON MUTUAL INC SB NT.................. ... 11/20/2008. VARIOUS................................... ........................... ........2,400,000 ......12,000,000 .........1,951,015 .......11,950,783 .................... ..........5,212 ....9,975,665 .....(9,970,453) ................... ..........1,980,000 .................. .........420,000 .........420,000 ........277,500 04/01/2014<br />
941063 AD 1 WASTE MANAGEMENT SR DB.......................... ... 05/01/2008. CALLED AT 100......................... ........................... ........3,000,000 ........3,000,000 .........3,254,190 .........3,009,245 .................... .........(9,245) ...................... ............(9,245) ................... ..........3,000,000 .................. ....................... ....................0 ........131,250 05/01/2018<br />
947074 AD 2 WEATHERFORD INTL INC SR NT...................... ... 06/12/2008. JP MORGAN.............................. ........................... ........5,182,200 ........5,000,000 .........4,886,445 .........4,937,736 .................... ..........6,589 ...................... .............6,589 ................... ..........4,944,325 .................. .........237,875 .........237,875 ........195,069 11/15/2011<br />
94874R AM 8 WEINGARTEN REALTY INVESTORS NT.......... ... 08/06/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,984,400 .........4,998,970 .................... ..........1,030 ...................... .............1,030 ................... ..........5,000,000 .................. ....................... ....................0 ........329,471 08/06/2008<br />
949746 NX 5 WELLS FARGO & CO SR NT.............................. ... 04/15/2008. VARIOUS................................... ........................... .............15,283 .............15,000 ..............14,938 ..............14,938 .................... .................1 ...................... ....................1 ................... ...............14,939 .................. ................344 ................344 ...............223 12/11/2017<br />
94978# FF 9 WELLS FARGO CTF BARBADOS CORR........... ... 01/15/2008. SCHEDULED REPAYMENT...... ........................... ........1,478,170 ........1,478,170 .........1,478,170 .........1,478,170 .................... .................... ...................... ....................0 ................... ..........1,478,170 .................. ....................... ....................0 ..........84,998 01/15/2032<br />
94981Q AH 1 WELLS FARGO MBS TR 05-AR16 4A1.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............14,504 .............14,504 ..............14,479 .......................... .................... .................1 ...................... ....................1 ................... ...............14,504 .................. ....................... ....................0 .................60 10/25/2035<br />
94982H AC 1 WELLS FARGO MBS TR 2005-AR9 CL.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........9,033,021 ........9,033,021 .........9,012,930 .........9,011,553 .................... ........21,468 ...................... ...........21,468 ................... ..........9,033,021 .................. ....................... ....................0 ........201,069 05/25/2035<br />
94979Y AM 7 WELLS FARGO MBS 03 O IA9 PSTHR.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,842,282 ........1,842,282 .........1,840,402 .........1,842,971 .................... ............(689) ...................... ...............(689) ................... ..........1,842,282 .................. ....................... ....................0 ..........50,030 01/25/2034<br />
949779 AG 7 WELLS FARGO MBS 04 EE 2A2 VR C............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............24,497 .............24,497 ..............24,462 .......................... .................... .................2 ...................... ....................2 ................... ...............24,497 .................. ....................... ....................0 .................85 12/25/2034<br />
949770 AL 5 WELLS FARGO MBS 04 F A11 VAR R............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........181,640 ...........181,640 ............180,244 ............181,821 .................... ............(181) ...................... ...............(181) ................... .............181,640 .................. ....................... ....................0 ............4,190 06/25/2034<br />
94982U AB 4 WELLS FARGO MBS 05 AR5 2A1 VR................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........4,064,536 ........4,064,536 .........4,060,158 .........4,062,776 .................... ..........1,759 ...................... .............1,759 ................... ..........4,064,536 .................. ....................... ....................0 ..........99,315 04/25/2035<br />
94984R AD 5 WELLS FARGO MBS 06 15 TR B1 CM............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........130,743 ...........130,743 ............130,752 ............130,743 .................... .................... ...................... ....................0 ................... .............130,743 .................. ....................... ....................0 ............4,356 11/25/2036<br />
94984Y AX 6 WELLS FARGO MBS 06 16 B1 CMO.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........139,525 ...........139,525 ............138,327 ............139,446 .................... ...............78 ...................... ..................78 ................... .............139,525 .................. ....................... ....................0 ............3,834 11/25/2036<br />
94983B AZ 2 WELLS FARGO MBS 06 4 2B1 CMO.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,546 ...............3,546 ................3,541 ................3,546 .................... .................... ...................... ....................0 ................... .................3,546 .................. ....................... ....................0 ...............114 04/25/2036<br />
94984M AQ 7 WELLS FARGO MBS 06-AR14 2A4 VR.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............15,405 .............15,405 ..............15,420 ..............15,411 .................... ................(6) ...................... ...................(6) ................... ...............15,405 .................. ....................... ....................0 ...............463 10/25/2036<br />
94984W AN 2 WELLS FARGO MBS 07 1 B1 CMO.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............90,627 .............90,627 ..............90,443 ..............90,632 .................... ................(4) ...................... ...................(4) ................... ...............90,627 .................. ....................... ....................0 ............2,883 02/25/2037<br />
94984W AP 7 WELLS FARGO MBS 07 1 B2 CMO.................... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............17,622 .............17,622 ..............17,553 ..............17,623 .................... ................(1) ...................... ...................(1) ................... ...............17,622 .................. ....................... ....................0 ...............561 02/25/2037<br />
94984W AQ 5 WELLS FARGO MBS 07 1 B3 CMO.................... ... 12/31/2008. VARIOUS................................... ........................... .............15,105 .............15,105 ..............12,118 ..............15,107 .................... ................(3) ...................... ...................(3) ................... ...............15,105 .................. ....................... ....................0 ...............481 02/25/2037<br />
94984X BJ 8 WELLS FARGO MBS 07 2 CRB1 CMO............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........121,206 ...........121,206 ............121,343 ............121,202 .................... .................5 ...................... ....................5 ................... .............121,206 .................. ....................... ....................0 ............4,137 03/25/2037<br />
94984X BK 5 WELLS FARGO MBS 07 2 CRB2 CMO............... ... 12/31/2008. VARIOUS................................... ........................... .............48,869 .............48,869 ..............48,841 ..............48,870 .................... ................(1) ...................... ...................(1) ................... ...............48,869 .................. ....................... ....................0 ............1,662 03/25/2037<br />
94984X BL 3 WELLS FARGO MBS 07 2 CRB3 CMO............... ... 12/31/2008. VARIOUS................................... ........................... .............23,985 .............23,985 ..............20,389 ..............23,991 .................... ................(6) ...................... ...................(6) ................... ...............23,985 .................. ....................... ....................0 ...............747 03/25/2037<br />
949779 AB 8 WELLS FARGO MBS 2004 EE TR CL................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............14,160 .............14,160 ..............14,135 ..............14,154 .................... .................6 ...................... ....................6 ................... ...............14,160 .................. ....................... ....................0 ...............328 12/25/2034<br />
94981Q AU 2 WELLS FARGO MTG BACKD SEC TRUS.......... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............80,533 .............80,533 ..............80,396 .......................... .................... .................5 ...................... ....................5 ................... ...............80,533 .................. ....................... ....................0 ...............336 10/25/2035
E14.38<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
94979Y AF 2 WELLS FARGO MTG BCK SECS 03 0............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............55,510 .............55,510 ..............55,036 ..............55,471 .................... ...............40 ...................... ..................40 ................... ...............55,510 .................. ....................... ....................0 ............1,364 01/25/2034<br />
94979Y AH 8 WELLS FARGO MTG BCK SECS 03 0............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............86,596 .............86,596 ..............85,955 ..............86,947 .................... ............(351) ...................... ...............(351) ................... ...............86,596 .................. ....................... ....................0 ............2,128 01/25/2034<br />
94979Y AV 7 WELLS FARGO MTG BCK SECS 03-0............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........100,198 ...........100,198 ..............99,107 ............100,226 .................... ..............(28) ...................... .................(28) ................... .............100,198 .................. ....................... ....................0 ............2,753 01/25/2034<br />
94979Y BA 2 WELLS FARGO MTG BCK SECS 03-0............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........211,039 ...........211,039 ............209,703 ............211,683 .................... ............(644) ...................... ...............(644) ................... .............211,039 .................. ....................... ....................0 ............5,242 01/25/2034<br />
949768 AC 9 WELLS FARGO MTG BCKD SECS 03 K............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........202,459 ...........202,459 ............199,828 ............202,382 .................... ...............77 ...................... ..................77 ................... .............202,459 .................. ....................... ....................0 ............4,645 11/25/2033<br />
949768 AE 5 WELLS FARGO MTG BCKD SECS 03 K............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........138,524 ...........138,524 ............136,604 ............138,305 .................... .............220 ...................... ................220 ................... .............138,524 .................. ....................... ....................0 ............3,178 11/25/2033<br />
949768 AS 4 WELLS FARGO MTG BCKD SECS 03 K............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........173,140 ...........173,140 ............170,935 ............172,922 .................... .............218 ...................... ................218 ................... .............173,140 .................. ....................... ....................0 ............4,408 11/25/2033<br />
949769 AE 3 WELLS FARGO MTG BCKD SECS 03 L............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........132,056 ...........132,056 ............130,484 ............131,785 .................... .............271 ...................... ................271 ................... .............132,056 .................. ....................... ....................0 ............3,257 11/25/2033<br />
949808 AY 5 WELLS FARGO MTG BCKD SECS 03-J............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............55,865 .............55,865 ..............55,402 ..............55,826 .................... ...............39 ...................... ..................39 ................... ...............55,865 .................. ....................... ....................0 ............1,329 10/25/2033<br />
94980X AC 8 WELLS FARGO MTG BCKD SECS 03-N............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............67,659 .............67,659 ..............67,068 ..............67,863 .................... ............(204) ...................... ...............(204) ................... ...............67,659 .................. ....................... ....................0 ............1,807 12/25/2033<br />
94980X AM 6 WELLS FARGO MTG BCKD SECS 03-N............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........297,038 ...........297,038 ............294,432 ............296,869 .................... .............169 ...................... ................169 ................... .............297,038 .................. ....................... ....................0 ............8,096 12/25/2033<br />
94980X AP 9 WELLS FARGO MTG BCKD SECS 03-N............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........128,402 ...........128,402 ............127,279 ............128,873 .................... ............(471) ...................... ...............(471) ................... .............128,402 .................. ....................... ....................0 ............2,957 12/25/2033<br />
94983N AL 7 WELLS FARGO MTG BCKD SECS 05-1............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........215,466 ...........215,466 ............213,824 ............215,494 .................... ..............(29) ...................... .................(29) ................... .............215,466 .................. ....................... ....................0 ............5,316 11/25/2035<br />
949832 AQ 2 WELLS FARGO MTG BCKD SECS 05-1............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,053,701 ........1,053,701 .........1,046,906 .........1,054,177 .................... ............(476) ...................... ...............(476) ................... ..........1,053,701 .................. ....................... ....................0 ..........29,662 12/25/2035<br />
949808 AM 1 WELLS FARGO MTG BCKD SECS 2003........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............57,347 .............57,347 ..............56,752 ..............57,339 .................... .................8 ...................... ....................8 ................... ...............57,347 .................. ....................... ....................0 ............1,360 10/25/2033<br />
94982V AB 2 WELLS FARGO MTG BCKD SECS 2005........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,130,414 ........1,130,414 .........1,126,528 .........1,130,450 .................... ..............(36) ...................... .................(36) ................... ..........1,130,414 .................. ....................... ....................0 ..........33,004 10/25/2035<br />
94983F AC 4 WELLS FARGO MTG BCKD SECS 2006........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............7,237 ...............7,237 ................7,203 ................7,234 .................... .................4 ...................... ....................4 ................... .................7,237 .................. ....................... ....................0 ...............185 03/25/2021<br />
949814 BJ 5 WELLS FARGO MTG BCKD 2004-1 A3.............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,823,590 ........1,823,590 .........1,826,055 .........1,824,102 .................... ............(513) ...................... ...............(513) ................... ..........1,823,590 .................. ....................... ....................0 ..........61,169 02/25/2034<br />
94983Y AK 5 WELLS FARGO MTG BKD SEC 2006-A............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............5,434 ...............5,434 ................5,434 ................5,434 .................... .................... ...................... ....................0 ................... .................5,434 .................. ....................... ....................0 ...............156 07/25/2036<br />
94983L BB 2 WELLS FARGO MTG BKD SEC 2006-2............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...............3,863 ...............3,863 ................3,854 ................3,862 .................... .................1 ...................... ....................1 ................... .................3,863 .................. ....................... ....................0 ...............135 03/25/2036<br />
94978# AH 0 WELLS FARGO MTG SEC TR CVS DIS............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........344,869 ...........344,869 ............344,869 ............344,869 .................... .................... ...................... ....................0 ................... .............344,869 .................. ....................... ....................0 ..........14,228 01/10/2024<br />
94980D AA 6 WELLS FARGO MTG 2003 M CL A1.................. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........977,030 ...........977,030 ............974,929 ............978,781 .................... .........(1,751) ...................... ............(1,751) ................... .............977,030 .................. ....................... ....................0 ..........24,831 12/25/2033<br />
961548 AQ 7 WESTVACO CORP SR BD................................. ... 03/15/2008. CALLED AT 100......................... ........................... ...........679,000 ...........679,000 ............675,510 ............676,030 .................... .................3 ...................... ....................3 ................... .............676,033 .................. .............2,967 .............2,967 ..........25,972 03/15/2027<br />
96169T AB 7 WESTWAYS FDG VI LTD CL A1B SR................ ... 01/08/2008. CALLED AT 100......................... ........................... ......18,000,000 ......18,000,000 .......18,000,000 .......18,000,000 .................... .................... ...................... ....................0 ................... ........18,000,000 .................. ....................... ....................0 ........104,310 12/31/2010<br />
962166 BP 8 WEYERHAEUSER CO NT................................... ... 06/27/2008. DEUTSCHE BANK SECS INC... ........................... ........4,066,440 ........4,000,000 .........4,316,847 .........4,145,142 .................... .......(15,657) ...................... ..........(15,657) ................... ..........4,129,485 .................. ..........(63,045) ..........(63,045) ........215,250 03/15/2012<br />
96218P AS 9 WEYERHAEUSER REAL ESTATE 144A............ ... 12/16/2008. MATURED.................................. ........................... ........4,000,000 ........4,000,000 .........3,860,000 .........3,942,435 .................... ........57,565 ...................... ...........57,565 ................... ..........4,000,000 .................. ....................... ....................0 ........192,800 12/16/2008<br />
92923W AA 8 WHC-IRS LIMITED PARTNERSHIP.................... ... 11/15/2008. SCHEDULED REPAYMENT...... ........................... ...........675,582 ...........675,582 ............665,629 ............675,478 .................... .............105 ...................... ................105 ................... .............675,582 .................. ....................... ....................0 ..........35,569 05/15/2015<br />
963320 AE 6 WHIRLPOOL CORP NT....................................... ... 02/01/2008. MATURED.................................. ........................... ........1,500,000 ........1,500,000 .........1,414,845 .........1,499,185 .................... .............815 ...................... ................815 ................... ..........1,500,000 .................. ....................... ....................0 ..........68,250 02/01/2008<br />
97181# ET 6 WILM'TN TR (BP&SOLVAY MIN EQ T................ ... 01/02/2008. CALLED AT 100......................... ........................... .............53,157 .............53,157 ..............53,157 ..............53,157 .................... .................... ...................... ....................0 ................... ...............53,157 .................. ....................... ....................0 ............1,762 01/02/2020<br />
97180* VM 7 WILM'TN TR A (FED EXPRS N605FE................ ... 01/29/2008. MATURED.................................. ........................... ...........612,280 ...........612,280 ............612,280 ............612,280 .................... .................... ...................... ....................0 ................... .............612,280 .................. ....................... ....................0 ..........22,318 01/29/2008<br />
97180* VN 5 WILM'TN TR B (FED EXPRS N605FE................ ... 01/14/2008. CALLED AT 100......................... ........................... ...........126,402 ...........126,402 ............126,402 ............126,402 .................... .................... ...................... ....................0 ................... .............126,402 .................. ....................... ....................0 ............4,866 01/29/2012<br />
97181# BU 6 WILM'TN TR SER A (BPASSUMPSOLV............. ... 01/01/2008. CALLED AT 100......................... ........................... .............39,595 .............39,595 ..............39,595 ..............39,595 .................... .................... ...................... ....................0 ................... ...............39,595 .................. ....................... ....................0 ............1,489 07/01/2017<br />
97181# CF 8 WILM'TN TR SER B (BPASSUMPSOLV............. ... 01/01/2008. CALLED AT 100......................... ........................... .............22,275 .............22,275 ..............22,275 ..............22,275 .................... .................... ...................... ....................0 ................... ...............22,275 .................. ....................... ....................0 ...............838 01/01/2018<br />
97181# CY 7 WILM'TN TR SER C (BPASSUMPSOLV............. ... 01/01/2008. CALLED AT 100......................... ........................... .............97,828 .............97,828 ..............97,828 ..............97,828 .................... .................... ...................... ....................0 ................... ...............97,828 .................. ....................... ....................0 ............3,918 07/01/2018<br />
97181# KV 4 WILM'TN TR UPRR 2005 B-1.............................. ... 07/02/2008. CALLED AT 100......................... ........................... .............12,233 .............12,233 ..............12,233 ..............12,233 .................... .................... ...................... ....................0 ................... ...............12,233 .................. ....................... ....................0 ...............656 11/30/2028<br />
97181# KY 8 WILM'TN TR UPRR 2005-B2............................... ... 07/02/2008. CALLED AT 100......................... ........................... ...............6,376 ...............6,376 ................6,376 ................6,376 .................... .................... ...................... ....................0 ................... .................6,376 .................. ....................... ....................0 ...............342 12/29/2028<br />
97181# KZ 5 WILM'TN TR UPRR 2005-B3............................... ... 07/02/2008. CALLED AT 100......................... ........................... ...............4,341 ...............4,341 ................4,341 ................4,341 .................... .................... ...................... ....................0 ................... .................4,341 .................. ....................... ....................0 ...............233 07/02/2028<br />
97181# LA 9 WILM'TN TR UPRR 2005B-4............................... ... 07/02/2008. CALLED AT 100......................... ........................... ...............2,134 ...............2,134 ................2,134 ................2,134 .................... .................... ...................... ....................0 ................... .................2,134 .................. ....................... ....................0 ...............115 07/02/2028<br />
97180* KB 3 WILMINGTON TR (CSX) SER B BNY-................ ... 03/26/2008. SCHEDULED REPAYMENT...... ........................... ...........516,826 ...........516,826 ............584,908 ............517,443 .................... ............(616) ...................... ...............(616) ................... .............516,826 .................. ....................... ....................0 ..........26,436 03/26/2013<br />
97180* KC 1 WILMINGTON TR (CSX) SER B BNY-................ ... 03/26/2008. SCHEDULED REPAYMENT...... ........................... ...........493,059 ...........493,059 ............561,836 ............493,721 .................... ............(662) ...................... ...............(662) ................... .............493,059 .................. ....................... ....................0 ..........25,220 03/26/2010<br />
97180* LY 2 WILMINGTON TR (CSX) SER B BNY-................ ... 06/26/2008. SCHEDULED REPAYMENT...... ........................... ...........185,817 ...........185,817 ............210,742 ............186,049 .................... ............(232) ...................... ...............(232) ................... .............185,817 .................. ....................... ....................0 ............9,505 06/26/2012<br />
97180* KE 7 WILMINGTON TR (CSX) SER B BO-2................ ... 07/01/2008. SCHEDULED REPAYMENT...... ........................... ...........406,795 ...........406,795 ............480,188 ............406,822 .................... ..............(27) ...................... .................(27) ................... .............406,795 .................. ....................... ....................0 ..........21,759 01/01/2011<br />
97180* SC 3 WILMINGTON TR AIRBUS IND CTF-9............... ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... .............14,099 .............14,099 ..............14,478 ..............14,105 .................... ................(6) ...................... ...................(6) ................... ...............14,099 .................. ....................... ....................0 ...............668 11/27/2014<br />
97180* SD 1 WILMINGTON TR AIRBUS IND CTF-9............... ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... .............14,099 .............14,099 ..............14,478 ..............14,105 .................... ................(6) ...................... ...................(6) ................... ...............14,099 .................. ....................... ....................0 ...............668 11/29/2014<br />
97180* SE 9 WILMINGTON TR AIRBUS IND CTF-9............... ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... .............14,099 .............14,099 ..............14,478 ..............14,105 .................... ................(6) ...................... ...................(6) ................... ...............14,099 .................. ....................... ....................0 ...............668 11/28/2014<br />
97180* SF 6 WILMINGTON TR AIRBUS IND CTF-9............... ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... .............14,099 .............14,099 ..............14,478 ..............14,105 .................... ................(6) ...................... ...................(6) ................... ...............14,099 .................. ....................... ....................0 ...............668 11/29/2014<br />
97180* SG 4 WILMINGTON TR AIRBUS IND CTF-9............... ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... .............14,099 .............14,099 ..............14,478 ..............14,105 .................... ................(6) ...................... ...................(6) ................... ...............14,099 .................. ....................... ....................0 ...............668 11/29/2014<br />
97180* SH 2 WILMINGTON TR AIRBUS IND CTF-9............... ... 11/27/2008. SCHEDULED REPAYMENT...... ........................... .............14,099 .............14,099 ..............14,478 ..............14,105 .................... ................(6) ...................... ...................(6) ................... ...............14,099 .................. ....................... ....................0 ...............668 11/28/2014<br />
97180* GN 2 WILMINGTON TR GATC SEC LS BACK............ ... 09/27/2008. SCHEDULED REPAYMENT...... ........................... ........1,087,713 ........1,087,713 .........1,307,465 .........1,089,899 .................... .........(2,185) ...................... ............(2,185) ................... ..........1,087,713 .................. ....................... ....................0 ..........56,774 03/27/2009<br />
97181# EU 3 WILMINGTON TR NT BP&SOLVAY EQ............. ... 01/02/2008. SCHEDULED REPAYMENT...... ........................... .............65,836 .............65,836 ..............65,836 ..............65,836 .................... .................... ...................... ....................0 ................... ...............65,836 .................. ....................... ....................0 ............2,182 01/02/2020<br />
97181# CS 0 WILMINGTON TR SER B NT BPAMOCP........... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... .............82,401 .............82,401 ..............82,401 ..............82,401 .................... .................... ...................... ....................0 ................... ...............82,401 .................. ....................... ....................0 ............3,284 01/01/2017<br />
97181# CE 1 WILMINGTON TR SERA NT AMOCPOLY.......... ... 01/01/2008. SCHEDULED REPAYMENT...... ........................... ...........144,802 ...........144,802 ............144,802 ............144,802 .................... .................... ...................... ....................0 ................... .............144,802 .................. ....................... ....................0 ............5,445 07/01/2017<br />
97263# AA 2 WIMAR LANDCO TRNCH B TERM LOAN.......... ... 01/02/2008. FIRST BOSTON CORP............. ........................... ........5,309,507 ........5,336,187 .........5,414,845 .........5,405,680 .................... ............(375) ...................... ...............(375) ................... ..........5,405,305 .................. ..........(95,798) ..........(95,798) ..........13,782 01/03/2012<br />
973582 AA 7 WINDSOR FINANCING LLC SR SECD............... ... 10/15/2008. SCHEDULED REPAYMENT...... ........................... ...........306,041 ...........306,041 ............306,041 ............306,041 .................... .................... ...................... ....................0 ................... .............306,041 .................. ....................... ....................0 ..........10,869 07/15/2017
E14.39<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
97381W A@ 3 WINDSTREAM CORP TRNCH B1 TERM........... ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............90,000 .............90,000 ..............90,772 ..............90,464 .................... ............(464) ...................... ...............(464) ................... ...............90,000 .................. ....................... ....................0 ............4,278 07/17/2013<br />
97629# AA 1 WINTHROP INC PROP 1ST (HAVERTY............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... ...........700,894 ...........700,894 ............700,894 ............700,894 .................... .................... ...................... ....................0 ................... .............700,894 .................. ....................... ....................0 ..........40,892 01/01/2011<br />
976592 AA 3 WISCONSIN CENTRAL TRANS CORP N........... ... 04/15/2008. MATURED.................................. ........................... ......21,360,000 ......21,360,000 .......21,643,905 .......21,375,560 .................... .......(15,560) ...................... ..........(15,560) ................... ........21,360,000 .................. ....................... ....................0 ........707,550 04/15/2008<br />
97672* AC 7 WISCONSIN ENERGY CAP MTN....................... ... 04/01/2008. MATURED.................................. ........................... ........4,400,000 ........4,400,000 .........4,400,000 .........4,400,000 .................... .................... ...................... ....................0 ................... ..........4,400,000 .................. ....................... ....................0 ..........83,952 04/01/2008<br />
976657 AD 8 WISCONSIN ENERGY CORP NT....................... ... 12/01/2008. MATURED.................................. ........................... ......25,825,000 ......25,825,000 .......25,262,300 .......25,740,533 .................... ........84,467 ...................... ...........84,467 ................... ........25,825,000 .................. ....................... ....................0 .....1,420,375 12/01/2008<br />
977385 AK 9 WITCO CORP NTS.............................................. ... 06/26/2008. BONY CAPITAL MARKETS....... ........................... ........1,912,500 ........3,000,000 .........2,677,500 .........2,686,283 .................... ..........4,039 ...................... .............4,039 ................... ..........2,690,322 .................. ........(777,822) ........(777,822) ........189,063 02/01/2026<br />
929308 AA 2 WPP FINANCE (USA) CORP NTS...................... ... 07/15/2008. MATURED.................................. ........................... ........5,000,000 ........5,000,000 .........4,993,570 .........4,999,523 .................... .............477 ...................... ................477 ................... ..........5,000,000 .................. ....................... ....................0 ........343,750 07/15/2008<br />
984121 BS 1 XEROX CORP SR NT.......................................... ... 12/08/2008. JP MORGAN.............................. ........................... .............19,625 .............25,000 ..............24,718 ..............24,740 .................... ...............51 ...................... ..................51 ................... ...............24,791 .................. ............(5,166) ............(5,166) ............1,474 05/15/2012<br />
98385X AL 0 XTO ENERGY INC SR NT................................... ... 03/06/2008. JP MORGAN.............................. ........................... ...............5,311 ...............5,000 ................5,074 ................5,072 .................... ................(1) ...................... ...................(1) ................... .................5,071 .................. ................240 ................240 ...............201 08/01/2017<br />
98385X AM 8 XTO ENERGY INC SR NT................................... ... 12/09/2008. BANC OF AMERICA SECURITIES ........................... LLC<br />
...............4,253 ...............5,000 ................4,720 .......................... .................... .................... ...................... ....................0 ................... .................4,721 .................. ...............(468) ...............(468) ...............123 08/01/2037<br />
986667 AB 9 YORK INTERNATIONAL SR NTS....................... ... 06/01/2008. MATURED.................................. ........................... ......13,000,000 ......13,000,000 .......12,961,930 .......12,997,526 .................... ..........2,474 ...................... .............2,474 ................... ........13,000,000 .................. ....................... ....................0 ........435,500 06/01/2008<br />
987434 AM 9 YOUNG BROADCASTING CORP GLBL S......... ... 06/10/2008. KBC FINANCIAL INC................. ........................... ...........781,375 ........1,175,000 .........1,107,265 .........1,134,617 .................... ..........1,269 ...................... .............1,269 ................... ..........1,135,886 .................. ........(354,511) ........(354,511) ..........92,042 03/01/2011<br />
989701 AL 1 ZIONS BANCORPORATION SB NT.................... ... 09/30/2008. VARIOUS................................... ........................... ......22,692,500 ......29,000,000 .......28,815,790 .......28,870,892 .................... ..........9,157 ...................... .............9,157 ................... ........28,880,049 .................. .....(6,187,549) .....(6,187,549) .....1,087,782 05/15/2014<br />
98978# AA 6 ZUFFA LLC TRNCH B TERM LOAN LN.............. ... 12/01/2008. UNASSIGNED REPAYMENT.... ........................... .............25,000 .............25,000 ..............25,000 ..............25,000 .................... .................... ...................... ....................0 ................... ...............25,000 .................. ....................... ....................0 ...............918 06/18/2015<br />
90211# AA 0 201 NORTH TRYON LLC CL A NTS (................. ... 02/29/2008. MATURED.................................. ........................... ........8,000,000 ........8,000,000 .........8,000,000 .........8,000,000 .................... .................... ...................... ....................0 ................... ..........8,000,000 .................. ....................... ....................0 ........133,380 02/29/2008<br />
885622 AA 8 3M ESOP GTD AMORTIZING NT 144A.............. ... 07/15/2008. SCHEDULED REPAYMENT...... ........................... ...........579,853 ...........579,853 ............541,086 ............579,538 .................... .............315 ...................... ................315 ................... .............579,853 .................. ....................... ....................0 ..........24,441 07/15/2009<br />
88576P AB 9 321 HENDERSON RECEIVABLES I LL.............. ... 12/15/2008. SCHEDULED REPAYMENT...... ........................... ...........916,531 ...........916,531 ............913,176 ............916,491 .................... ...............40 ...................... ..................40 ................... .............916,531 .................. ....................... ....................0 ..........22,512 11/15/2033<br />
4599999. Total - Bonds - Industrial and Miscellaneous......................................... .................................................................................. .3,112,107,569 .3,528,275,489 ..3,305,714,749 ..3,424,889,187 ........59,129 ......317,071 129,456,171 .(129,079,971) ................0 ...3,303,264,764 ...............0 .(191,157,195) .(191,157,195) .173,967,417 .....XXX.....<br />
Bonds - Credit Tenant Loans<br />
92707# AA 7 BDRE HUNTINGTON FKA VILLAGE DE............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............93,221 .............93,221 ..............93,221 ..............93,221 .................... .................... ...................... ....................0 ................... ...............93,221 .................. ....................... ....................0 ............4,028 07/01/2018<br />
08764# AA 3 BETSY LLC WALGREEN GTD CTL.................... ... 12/05/2008. SCHEDULED REPAYMENT...... ........................... ...........132,519 ...........132,519 ............126,644 ............132,509 .................... .................9 ...................... ....................9 ................... .............132,519 .................. ....................... ....................0 ............5,630 07/05/2015<br />
09690@ AA 2 BODDIE MIDLOTHIAN LLC 6.83% CT................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............90,781 .............90,781 ..............90,781 ..............90,781 .................... .................... ...................... ....................0 ................... ...............90,781 .................. ....................... ....................0 ............3,344 08/01/2027<br />
15889# AA 8 CHANDLER GFP LLC 5.72% CTL (CV................ ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... .............63,217 .............63,217 ..............63,217 ..............63,217 .................... .................... ...................... ....................0 ................... ...............63,217 .................. ....................... ....................0 ............1,941 09/10/2029<br />
36129# AA 4 G & R DEV LLC (WALGREEN) 6.38%................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............85,189 .............85,189 ..............85,189 ..............85,189 .................... .................... ...................... ....................0 ................... ...............85,189 .................. ....................... ....................0 ............2,926 06/01/2028<br />
36130@ AA 3 G & R PARTNERS LLC(WALGREEN) 6............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............74,339 .............74,339 ..............74,339 ..............74,339 .................... .................... ...................... ....................0 ................... ...............74,339 .................. ....................... ....................0 ............2,434 05/01/2029<br />
39812# AA 0 GREYSTONE GRP SOLON LTD -WALGR......... ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........117,702 ...........117,702 ............117,702 ............117,702 .................... .................... ...................... ....................0 ................... .............117,702 .................. ....................... ....................0 ............3,841 02/10/2028<br />
43014* AA 2 HIGHLAND HOUSE APTS LLC 6.62%................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............92,126 .............92,126 ..............92,126 ..............92,126 .................... .................... ...................... ....................0 ................... ...............92,126 .................. ....................... ....................0 ............3,287 12/01/2027<br />
43460# AA 7 HOGAN REAL ESTATE (WALGREEN) 6............ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............67,013 .............67,013 ..............67,013 ..............67,013 .................... .................... ...................... ....................0 ................... ...............67,013 .................. ....................... ....................0 ............2,261 01/01/2029<br />
44702@ AA 5 HUNTSVILLE 3S LLC 6.77% CTL(WA................ ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............59,692 .............59,692 ..............59,692 ..............59,692 .................... .................... ...................... ....................0 ................... ...............59,692 .................. ....................... ....................0 ............2,179 05/01/2027<br />
46656# AA 4 JACK STEARNS (WALGREEN) 6.32%............... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............84,254 .............84,254 ..............84,254 ..............84,254 .................... .................... ...................... ....................0 ................... ...............84,254 .................. ....................... ....................0 ............2,866 10/01/2027<br />
52465# AM 7 LEGG MASON MTG CAP TR RAYTHEON......... ... 07/10/2008. SCHEDULED REPAYMENT...... ........................... ........1,337,669 ........1,337,669 .........1,227,893 .........1,337,114 .................... .............554 ...................... ................554 ................... ..........1,337,669 .................. ....................... ....................0 ..........62,776 01/10/2009<br />
52465# AA 3 LEGG MASON MTG CAP TR RITE AID.............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........117,137 ...........117,137 ............117,137 ............117,137 .................... .................... ...................... ....................0 ................... .............117,137 .................. ....................... ....................0 ............4,672 03/10/2019<br />
52465# AC 9 LEGG MASON MTG CAP TR RITE AID.............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... .............88,220 .............88,220 ..............82,702 ..............88,198 .................... ...............22 ...................... ..................22 ................... ...............88,220 .................. ....................... ....................0 ............3,162 03/10/2020<br />
52465# AF 2 LEGG MASON MTG CAP TR RITE AID.............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........481,683 ...........481,683 ............406,680 ............481,282 .................... .............401 ...................... ................401 ................... .............481,683 .................. ....................... ....................0 ..........18,806 01/10/2021<br />
52465# AH 8 LEGG MASON MTG CAP TR 99-CTL-2.............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........400,145 ...........400,145 ............337,969 ............399,810 .................... .............335 ...................... ................335 ................... .............400,145 .................. ....................... ....................0 ..........15,578 03/10/2021<br />
52466# AA 2 LEGG MASON WOOD WALKER INC CIR.......... ... 07/23/2008. VARIOUS................................... ........................... ........1,278,952 ........1,278,952 .........1,278,952 .........1,278,952 .................... .................... ...................... ....................0 ................... ..........1,278,952 .................. ....................... ....................0 ........221,434 03/01/2017<br />
53028* AA 5 LIBERTY BOILING SPRINGS LLC(WA............... ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... .............57,938 .............57,938 ..............57,938 ..............57,938 .................... .................... ...................... ....................0 ................... ...............57,938 .................. ....................... ....................0 ............2,128 12/10/2028<br />
53154# AA 7 LIBERTY-US 125 LLC (WALGREEN).................. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... .............66,215 .............66,215 ..............66,215 ..............66,215 .................... .................... ...................... ....................0 ................... ...............66,215 .................. ....................... ....................0 ............2,432 12/10/2028<br />
56032# AA 8 MAIN-BLAINE LLC (WALGREEN)6.79................ ... 12/05/2008. SCHEDULED REPAYMENT...... ........................... .............55,778 .............55,778 ..............55,778 ..............55,778 .................... .................... ...................... ....................0 ................... ...............55,778 .................. ....................... ....................0 ............2,042 06/05/2028<br />
55359# AA 5 MRED HWY12/HWY13 6.85% CTL NT............... ... 12/05/2008. SCHEDULED REPAYMENT...... ........................... .............65,118 .............65,118 ..............65,118 ..............65,118 .................... .................... ...................... ....................0 ................... ...............65,118 .................. ....................... ....................0 ............2,406 08/05/2027<br />
74915# AA 3 R&L SHERWOOD 5.72% CTL NT (KOH............. ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... ...........205,175 ...........205,175 ............205,175 ............205,175 .................... .................... ...................... ....................0 ................... .............205,175 .................. ....................... ....................0 ............6,319 01/10/2024<br />
78347@ AA 4 RUTTENBERG FAMILY (WALGREEN) 6........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............71,157 .............71,157 ..............71,157 ..............71,157 .................... .................... ...................... ....................0 ................... ...............71,157 .................. ....................... ....................0 ............2,570 05/01/2028<br />
78405# AA 1 SBM DIXIE LLC (WALGREEN) 5.60%................ ... 12/10/2008. SCHEDULED REPAYMENT...... ........................... .............84,471 .............84,471 ..............84,471 ..............84,471 .................... .................... ...................... ....................0 ................... ...............84,471 .................. ....................... ....................0 ............2,538 09/10/2029<br />
78487# AA 2 SWA/WHEAT RIDGE LLC (WALGREEN)........... ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............62,071 .............62,071 ..............62,071 ..............62,071 .................... .................... ...................... ....................0 ................... ...............62,071 .................. ....................... ....................0 ............2,242 09/01/2027<br />
94868# AA 8 WEIN ALABAMA LLC(WALGREEN) 6.6............. ... 12/01/2008. SCHEDULED REPAYMENT...... ........................... .............65,872 .............65,872 ..............65,872 ..............65,872 .................... .................... ...................... ....................0 ................... ...............65,872 .................. ....................... ....................0 ............2,375 04/01/2028<br />
4699999. Total - Bonds - Credit Tenant Loans...................................................... .................................................................................. ........5,397,654 ........5,397,654 .........5,139,306 .........5,396,331 .................0 ..........1,321 ..................0 .............1,321 ................0 ..........5,397,654 ...............0 ....................0 ....................0 ........386,217 .....XXX.....<br />
Bonds - Parent, Subsidiaries and Affiliates<br />
47507* AA 7 JEFFERSON PILOT COMM CO OF CA.............. ... 10/07/2008. SCHEDULED REPAYMENT...... ........................... ........3,333,333 ........3,333,333 .........3,333,333 .........3,333,333 .................... .................... ...................... ....................0 ................... ..........3,333,333 .................. ....................... ....................0 ........132,878 10/07/2009<br />
47507* AC 3 JEFFERSON PILOT COMM CO OF CA.............. ... 10/01/2008. SCHEDULED REPAYMENT...... ........................... ........1,894,736 ........1,894,736 .........1,894,736 .........1,894,736 .................... .................... ...................... ....................0 ................... ..........1,894,736 .................. ....................... ....................0 ..........58,974 10/01/2013<br />
47507# AG 0 JEFFERSON PILOT COMMUN SR NTS............. ... 07/09/2008. SCHEDULED REPAYMENT...... ........................... ........1,666,667 ........1,666,667 .........1,666,667 .........1,666,667 .................... .................... ...................... ....................0 ................... ..........1,666,667 .................. ....................... ....................0 ..........96,250 01/09/2010<br />
475070 B* 8 JEFFERSON PILOT CORP SR NTS SE............. ... 05/15/2008. MATURED.................................. ........................... ....100,000,000 ....100,000,000 .....100,000,000 .......................... .................... .................... ...................... ....................0 ................... ......100,000,000 .................. ....................... ....................0 .....2,683,333 05/15/2008<br />
5399999. Total - Bonds - Parent, Subsidiaries and Affiliates................................ .................................................................................. ....106,894,736 ....106,894,736 .....106,894,736 .........6,894,736 .................0 .................0 ..................0 ....................0 ................0 ......106,894,736 ...............0 ....................0 ....................0 .....2,971,435 .....XXX.....<br />
6099997. Total - Bonds - Part 4............................................................................. .................................................................................. .4,205,653,283 .4,699,431,383 ..4,390,071,430 ..4,377,379,121 ........59,129 ...1,090,946 129,456,171 .(128,306,096) .(3,371,908) ...4,390,294,186 .3,068,837 .(184,640,903) .(181,572,066) .218,666,291 .....XXX.....<br />
6099998. Total - Bonds - Summary Item from Part 5............................................ .................................................................................. ....350,667,296 ....348,670,118 .....348,966,023 .......................... .................... ..........3,170 .......235,429 ........(232,259) ................... ......348,733,785 .................. ......1,933,511 ......1,933,511 .....3,620,777 .....XXX.....<br />
6099999. Total - Bonds.......................................................................................... .................................................................................. .4,556,320,579 .5,048,101,501 ..4,739,037,453 ..4,377,379,121 ........59,129 ...1,094,116 129,691,600 .(128,538,355) .(3,371,908) ...4,739,027,971 .3,068,837 .(182,707,392) .(179,638,555) .222,287,068 .....XXX.....
E14.40<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 4<br />
Showing all Long-Term Bonds and Stocks SOLD, REDEEMED or Otherwise DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21<br />
F 11 12 13 14 15 Bond<br />
o Current Book/ Foreign Interest/<br />
r Prior Year Year's Total Adjusted Exchange Realized Total Stock<br />
e Book/ Unrealized Current Other Than Total Foreign Carrying Gain Gain Gain Dividends<br />
i Number of Adjusted Valuation Year's Temporary Change in Exchange Value (Loss) (Loss) (Loss) Received<br />
CUSIP g Disposal Shares Par Actual Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at Disposal on on on During Maturity<br />
Identification Description n Date Name of Purchaser of Stock Consideration Value Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Date Disposal Disposal Disposal Year Date<br />
Preferred Stocks - Public Utilities<br />
64572* 11 2 NEW JERSEY AMERICAN WATER CUM.......... ... 04/01/2008. SCHEDULED REPAYMENT...... ...............30.000 ...............3,000 ......................... ................3,000 ................3,000 .................... .................... ...................... ....................0 ................... .................3,000 .................. ....................... ....................0 .................71 .....XXX.....<br />
64572* 13 8 NEW JERSEY AMERICAN WATER CUM.......... ... 10/01/2008. SCHEDULED REPAYMENT...... ...............50.000 ...............5,000 ......................... ................5,000 ................5,000 .................... .................... ...................... ....................0 ................... .................5,000 .................. ....................... ....................0 ...............235 .....XXX.....<br />
6199999. Total - Preferred Stocks - Public Utilities............................................... .................................................................................. ...............8,000 .........XXX......... ................8,000 ................8,000 .................0 .................0 ..................0 ....................0 ................0 .................8,000 ...............0 ....................0 ....................0 ...............306 .....XXX.....<br />
Preferred Stocks - Industrial and Miscellaneous<br />
05068F 30 2 AUCT.PASS-THROUGH TRUST 2006-1............ ... 10/02/2008. VARIOUS................................... ...............64.000 .............28,263 ........50,000.00 ..............28,263 .........3,412,978 .................... .................... ...................... ....................0 ................... ...............28,263 .................. ....................... ....................0 ..........52,797 .....XXX.....<br />
05068G 30 0 AUCTION PASS THROUGH TR 2006-1............. ... 10/02/2008. VARIOUS................................... ...............42.000 .............18,548 ........50,000.00 ..............18,548 .........2,239,767 .................... .................... ...................... ....................0 ................... ...............18,548 .................. ....................... ....................0 ..........30,861 .....XXX.....<br />
05068E 30 5 AUCTION PASS THRU TR 2006-9 CL................ ... 10/15/2008. VARIOUS................................... ...............75.000 .............11,250 ........50,000.00 ..............11,250 .........1,894,760 .................... .................... ...................... ....................0 ................... ...............11,250 .................. ....................... ....................0 ..........25,518 .....XXX.....<br />
050693 20 9 AUCTION PASS-THROUGH TR 2007-0............. ... 10/14/2008. VARIOUS................................... .............103.000 .............52,530 ........50,000.00 ..............52,530 .........2,802,573 .................... .................... ...................... ....................0 ................... ...............52,530 .................. ....................... ....................0 ..........34,955 .....XXX.....<br />
050698 20 8 AUCTION PASS-THROUGH TR 2007-0............. ... 10/14/2008. VARIOUS................................... .............169.000 .............86,190 ........50,000.00 ..............86,190 .........4,598,396 .................... .................... ...................... ....................0 ................... ...............86,190 .................. ....................... ....................0 ..........63,736 .....XXX.....<br />
41940# 11 1 HAVEN MANUFACTURING CORP CONV......... ... 12/23/2008. VARIOUS................................... ........12,308.000 .......................... ..........7,800.00 .....................20 .......................... ...............20 .................... ...................... ..................20 ................... ......................20 .................. .................(20) .................(20) ...................... .....XXX.....<br />
46631V AA 9 JPM CHASE CAPITAL XXV BD.......................... ... 05/16/2008. MORGAN STANLEY & CO........ ..........2,000.000 ...............1,892 ......................... ................1,988 ................1,988 .................... .................... ...................... ....................0 ................... .................1,988 .................. .................(96) .................(96) .................89 .....XXX.....<br />
46625H HA 1 JPMORGAN CHASE & CO DEP SHS SE........... ... 04/17/2008. LEHMAN BROTHERS............... ..........5,000.000 ...............5,005 ......................... ................5,000 .......................... .................... .................... ...................... ....................0 ................... .................5,000 .................. ....................5 ....................5 ...................... .....XXX.....<br />
66567E AW 5 NORTHERN ROCK PLC 144A MTN.................... ... 02/21/2008. UBS WARBURG........................ ...3,000,000.000 ........1,927,500 ......................... .........1,859,940 .........1,860,001 .................... .............403 ...................... ................403 ................... ..........1,860,403 .................. ...........67,097 ...........67,097 ..........54,133 .....XXX.....<br />
749768 AA 5 RABOBANK CAP FDG TR II GTD 144................ ... 01/11/2008. LEHMAN BROTHERS............... .20,500,000.000 ......19,167,295 ......................... .......20,474,342 .......20,459,015 .................... ............(299) ...................... ...............(299) ................... ........20,458,716 .................. .....(1,291,421) .....(1,291,421) ........587,074 .....XXX.....<br />
93934V AA 5 WASH MUT PFD FDG CI LTD PERP 1............... ... 11/20/2008. VARIOUS................................... .16,000,000.000 ...............1,600 ......................... ..............44,661 .......16,035,894 .................... .........(6,806) ..16,008,214 ...(16,015,020) ................... ...............20,874 .................. ..........(19,274) ..........(19,274) ........870,000 .....XXX.....<br />
978804 20 1 WOODBOURNE PSTHR TR 144A VR RT.......... ... 04/07/2008. EXCHANGED............................. .............300.000 ......30,037,200 ......300,000.00 .......30,037,200 .......30,037,200 .................... .................... ...................... ....................0 ................... ........30,037,200 .................. ....................... ....................0 ........515,855 .....XXX.....<br />
6399999. Total - Preferred Stocks - Industrial and Miscellaneous........................ .................................................................................. ......51,337,273 .........XXX......... .......52,619,932 .......83,342,572 ...............20 .........(6,702) ..16,008,214 ...(16,014,896) ................0 ........52,580,982 ...............0 .....(1,243,709) .....(1,243,709) .....2,235,018 .....XXX.....<br />
6599997. Total - Preferred Stocks - Part 4............................................................ .................................................................................. ......51,345,273 .........XXX......... .......52,627,932 .......83,350,572 ...............20 .........(6,702) ..16,008,214 ...(16,014,896) ................0 ........52,588,982 ...............0 .....(1,243,709) .....(1,243,709) .....2,235,324 .....XXX.....<br />
6599998. Total - Preferred Stocks - Summary Item from Part 5........................... .................................................................................. ...............9,693 .........XXX......... ..............10,000 .......................... .................... .................... ...................... ....................0 ................... ...............10,000 .................. ...............(307) ...............(307) .................75 .....XXX.....<br />
6599999. Total - Preferred Stocks......................................................................... .................................................................................. ......51,354,966 .........XXX......... .......52,637,932 .......83,350,572 ...............20 .........(6,702) ..16,008,214 ...(16,014,896) ................0 ........52,598,982 ...............0 .....(1,244,016) .....(1,244,016) .....2,235,399 .....XXX.....<br />
Common Stocks - Industrial and Miscellaneous<br />
G0053* 10 9 ABINGDON INVESTMENT LTD.......................... F. 12/09/2008. VARIOUS................................... ...1,500,000.000 ......10,035,000 .........XXX......... .......10,035,000 .......12,645,000 ...2,355,000 .................... ....4,965,000 .....(2,610,000) ................... ........10,035,000 .................. ....................... ....................0 .....1,830,000 .....XXX.....<br />
99HCHO 9B 5 HC HOLDING COMPANY INC CAPITAL............ ... 09/30/2008. VARIOUS................................... .................5.000 .......................... .........XXX......... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ....................... ....................0 ...................... .....XXX.....<br />
57142# 11 3 MARQUEE CINEMAS HLDGS INC COND......... ... 12/31/2008. VARIOUS................................... ......210,071.500 ........1,000,000 .........XXX......... .......................... .......................... .................... .................... ...................... ....................0 ................... ........................... .................. ......1,000,000 ......1,000,000 ...................... .....XXX.....<br />
57142# 12 1 MARQUEE CINEMAS HLDGS INC PRIM........... ... 07/08/2008. DIRECT WITH COMPANY......... ......294,100.000 ....................10 .........XXX......... .....................10 .......................... ...............10 .................... ...................... ..................10 ................... ......................10 .................. ....................... ....................0 ...................... .....XXX.....<br />
667280 40 8 NORTHWEST AIRLINES CORP......................... ... 01/29/2008. BNY BROKERAGE.................... ..........2,198.000 .............40,605 .........XXX......... .......................... ..............31,893 .......(31,893) .................... ...................... ..........(31,893) ................... ........................... .................. ...........40,605 ...........40,605 ...................... .....XXX.....<br />
89840@ 11 3 TRUSTILE DOORS.............................................. ... 09/17/2008. VARIOUS................................... ........................... .............58,756 .........XXX......... .......................... .......................... .................... .................... ...................... ....................0 ................... ...............58,756 .................. ....................... ....................0 ...................... .....XXX.....<br />
6899999. Total - Common Stocks - Industrial and Miscellaneous........................ .................................................................................. ......11,134,371 .........XXX......... .......10,035,010 .......12,676,893 ...2,323,117 .................0 ....4,965,000 .....(2,641,883) ................0 ........10,093,766 ...............0 ......1,040,605 ......1,040,605 .....1,830,000 .....XXX.....<br />
7299997. Total - Common Stocks - Part 4............................................................ .................................................................................. ......11,134,371 .........XXX......... .......10,035,010 .......12,676,893 ...2,323,117 .................0 ....4,965,000 .....(2,641,883) ................0 ........10,093,766 ...............0 ......1,040,605 ......1,040,605 .....1,830,000 .....XXX.....<br />
7299998. Total - Common Stocks - Summary Item from Part 5........................... .................................................................................. ........6,314,791 .........XXX......... .........7,031,584 .......................... .................... .................... ...................... ....................0 ................... ..........7,031,584 .................. ........(716,793) ........(716,793) ...................... .....XXX.....<br />
7299999. Total - Common Stocks......................................................................... .................................................................................. ......17,449,162 .........XXX......... .......17,066,594 .......12,676,893 ...2,323,117 .................0 ....4,965,000 .....(2,641,883) ................0 ........17,125,350 ...............0 .........323,812 .........323,812 .....1,830,000 .....XXX.....<br />
7399999. Total - Preferred and Common Stocks.................................................. .................................................................................. ......68,804,128 .........XXX......... .......69,704,526 .......96,027,465 ...2,323,137 .........(6,702) ..20,973,214 ...(18,656,779) ................0 ........69,724,332 ...............0 ........(920,204) ........(920,204) .....4,065,399 .....XXX.....<br />
7499999. Total - Bonds, Preferred and Common Stocks...................................... .................................................................................. .4,625,124,707 .........XXX......... ..4,808,741,979 ..4,473,406,586 ...2,382,266 ...1,087,414 150,664,814 .(147,195,134) .(3,371,908) ...4,808,752,303 .3,068,837 .(183,627,596) .(180,558,759) .226,352,467 .....XXX.....
E15<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 5<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 Change in Book/Adjusted Carrying Value 17 18 19 20 21<br />
F 12 13 14 15 16<br />
o Par Value Current Interest<br />
r (Bonds) Book/ Year's Total Foreign Realized Total and Paid for<br />
e or Adjusted Unrealized Current Other Than Total Foreign Exchange Gain Gain Dividends Accrued<br />
i Number of Carrying Valuation Year's Temporary Change in Exchange Gain (Loss) (Loss) Received Interest<br />
CUSIP g Date Disposal Shares Actual Value at Increase/ (Amortization)/ Impairment B./A.C.V. Change in (Loss) on on on During and<br />
Identification Description n Acquired Name of Vendor Date Name of Purchaser (Stock) Cost Consideration Disposal (Decrease) Accretion Recognized (12+13-14) B./A.C.V. Disposal Disposal Disposal Year Dividends<br />
Bonds - U.S. Government<br />
3133XN TD 1 FEDERAL HOME LN BANK BD........................ ... 01/28/2008. DEUTSCHE BANK SE............... 04/23/2008. VARIOUS................................... ..............50,000 .............50,962 .............50,807 ...........50,848 ..................... ............(113) ..................... ...............(113) ................. ................. ..............(41) ..............(41) .............642 ..........208<br />
3133XC QZ 9 FEDERAL HOME LN BK BD............................. ... 01/07/2008. DEUTSCHE BANK SE............... 04/24/2008. VARIOUS................................... ..............35,000 .............35,923 .............36,058 ...........35,827 ..................... ..............(96) ..................... .................(96) ................. ................. ..............231 ..............231 .............927 ..........481<br />
3134A4 VE 1 FEDERAL HOME LN BK CORP........................ ... 01/07/2008. BARCLAYS CAPITAL................ 04/24/2008. VARIOUS................................... ............260,000 ...........265,478 ...........267,158 .........265,326 ..................... ............(152) ..................... ...............(152) ................. ................. ...........1,832 ...........1,832 ..........3,305 .......2,443<br />
3134A4 ZZ 0 FEDERAL HOME LN MTG COR....................... ... 01/07/2008. DEUTSCHE BANK SE............... 01/22/2008. BEAR STEARNS........................ ............100,000 ...........101,955 ...........103,154 .........101,950 ..................... ................(5) ..................... ...................(5) ................. ................. ...........1,204 ...........1,204 .............542 ..........361<br />
3134A4 JT 2 FEDERAL HOME LN MTG COR....................... ... 01/07/2008. BARCLAYS CAPITAL................ 04/17/2008. DEUTSCHE BANK SE............... ..............55,000 .............59,425 .............59,528 ...........59,144 ..................... ............(281) ..................... ...............(281) ................. ................. ..............384 ..............384 ..........2,398 .......1,537<br />
3137EA AR 0 FEDERAL HOME LN MTG COR....................... ... 01/30/2008. VARIOUS................................... 05/13/2008. VARIOUS................................... ............250,000 ...........262,554 ...........261,799 .........261,931 ..................... ............(623) ..................... ...............(623) ................. ................. ............(132) ............(132) ..........6,986 .......4,539<br />
3133XP 2W 3 FEDERAL HOME LOAN BANK......................... ... 01/28/2008. BARCLAYS CAPITAL................ 11/20/2008. GOLDMAN SACHS &................ ............220,000 ...........219,983 ...........216,835 .........219,986 ..................... ..................2 ..................... ....................2 ................. ................. .........(3,151) .........(3,151) ..........6,270 ..........289<br />
3137EA BV 0 FHLMC DB......................................................... ... 10/22/2008. DEUTSCHE BANK SE............... 12/22/2008. VARIOUS................................... ............180,000 ...........179,194 ...........185,102 .........179,261 ..................... ................66 ..................... ..................66 ................. ................. ...........5,841 ...........5,841 ..........1,049 ..........137<br />
31398A MV 1 FNMA DB........................................................... ... 02/05/2008. DEUTSCHE BANK SE............... 03/18/2008. DEUTSCHE BANK SE............... ..............20,000 .............19,950 .............20,100 ...........19,953 ..................... ..................3 ..................... ....................3 ................. ................. ..............147 ..............147 ...............65 .................<br />
31359M 5H 2 FNMA NT............................................................ ... 01/07/2008. GREENWICH CAPITA............... 04/17/2008. DEUTSCHE BANK SE............... ..............65,000 .............68,436 .............68,617 ...........68,223 ..................... ............(213) ..................... ...............(213) ................. ................. ..............394 ..............394 ..........2,185 .......1,300<br />
31398A SD 5 FNMA NT............................................................ ... 07/08/2008. DAIN RAUSCHER WE............... 09/11/2008. VARIOUS................................... ..............20,000 .............19,710 .............20,313 ...........19,720 ..................... ................10 ..................... ..................10 ................. ................. ..............593 ..............593 .............213 ............71<br />
31359M GT 4 FNMA SB NT...................................................... ... 01/07/2008. DEUTSCHE BANK SE............... 07/15/2008. VARIOUS................................... ............105,000 ...........112,604 ...........106,863 .........111,379 ..................... .........(1,225) ..................... ............(1,225) ................. ................. .........(4,516) .........(4,516) ..........6,289 .......2,898<br />
01N052 65 7 GNMA 30 YR 5.5 TBA........................................ ... 04/16/2008. BANC OF AMERICA.................. 05/15/2008. BANC OF AMERICA.................. ............100,000 ...........100,766 ...........101,180 .........100,766 ..................... ..................... ..................... ....................0 ................. ................. ..............414 ..............414 .............290 ..........290<br />
01N052 67 3 GNMA 30 YR 5.5% TBA.................................... ... 06/10/2008. BANC OF AMERICA.................. 07/14/2008. GOLDMAN SACHS &................ ..............25,000 .............24,578 .............24,975 ...........24,578 ..................... ..................... ..................... ....................0 ................. ................. ..............397 ..............397 ...............76 ............76<br />
01N060 65 0 GNMA 30 YR 6.0 TBA........................................ ... 04/16/2008. BANC OF AMERICA.................. 05/15/2008. BANC OF AMERICA.................. ............100,000 ...........102,422 ...........102,754 .........102,422 ..................... ..................... ..................... ....................0 ................. ................. ..............332 ..............332 .............317 ..........317<br />
01N052 66 5 GNMA 30YR 5.5% TBA..................................... ... 05/15/2008. BANC OF AMERICA.................. 06/10/2008. BANC OF AMERICA.................. ............100,000 ...........100,891 .............99,770 .........100,891 ..................... ..................... ..................... ....................0 ................. ................. .........(1,121) .........(1,121) .............275 ..........275<br />
01N060 66 8 GNMA 30YR 6% TBA........................................ ... 05/15/2008. BANC OF AMERICA.................. 06/10/2008. BANC OF AMERICA.................. ............100,000 ...........102,531 ...........101,428 .........102,531 ..................... ..................... ..................... ....................0 ................. ................. .........(1,103) .........(1,103) .............300 ..........300<br />
01N052 62 4 GNMA 5.5% FEB 30YR TBA............................. ... 01/16/2008. BANC OF AMERICA.................. 02/15/2008. BANC OF AMERICA.................. ............100,000 ...........101,750 ...........101,094 .........101,750 ..................... ..................... ..................... ....................0 ................. ................. ............(656) ............(656) .............290 ..........290<br />
01N052 63 2 GNMA 5.5% 30YR TBA..................................... ... 02/15/2008. BANC OF AMERICA.................. 03/18/2008. BANC OF AMERICA.................. ............100,000 ...........100,875 ...........102,883 .........100,875 ..................... ..................... ..................... ....................0 ................. ................. ...........2,008 ...........2,008 .............290 ..........290<br />
01N052 64 0 GNMA 5.5% 30YR TBA..................................... ... 03/18/2008. BANC OF AMERICA.................. 04/16/2008. BANC OF AMERICA.................. ............100,000 ...........102,641 ...........101,047 .........102,641 ..................... ..................... ..................... ....................0 ................. ................. .........(1,594) .........(1,594) .............306 ..........306<br />
01N060 62 7 GNMA 6.0% FEB 30YR TBA............................. ... 01/16/2008. BANC OF AMERICA.................. 02/15/2008. BANC OF AMERICA.................. ............100,000 ...........103,000 ...........102,699 .........103,000 ..................... ..................... ..................... ....................0 ................. ................. ............(301) ............(301) .............317 ..........317<br />
01N060 67 6 GNMA 6% 30 YR TBA....................................... ... 06/10/2008. BANC OF AMERICA.................. 07/14/2008. BANC OF AMERICA.................. ..............50,000 .............50,266 .............50,852 ...........50,266 ..................... ..................... ..................... ....................0 ................. ................. ..............586 ..............586 .............167 ..........167<br />
01N060 63 5 GNMA 6% 30YR TBA........................................ ... 02/15/2008. BANC OF AMERICA.................. 03/18/2008. BANC OF AMERICA.................. ............100,000 ...........102,531 ...........103,594 .........102,531 ..................... ..................... ..................... ....................0 ................. ................. ...........1,063 ...........1,063 .............317 ..........317<br />
01N060 64 3 GNMA 6% 30YR TBA........................................ ... 03/18/2008. BANC OF AMERICA.................. 04/16/2008. BANC OF AMERICA.................. ............100,000 ...........103,438 ...........102,637 .........103,438 ..................... ..................... ..................... ....................0 ................. ................. ............(801) ............(801) .............333 ..........333<br />
690353 KW 6 OVERSEAS PVT INVEST CO........................... ... 08/15/2008. INCOME REINVESTM............... 08/22/2008. VARIOUS................................... ................9,565 ...............9,565 ...............9,565 .............9,565 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 .............127 .................<br />
912810 PU 6 UNITED STATES TREAS BD............................ ... 08/06/2008. VARIOUS................................... 08/11/2008. VARIOUS................................... ............339,000 ...........367,843 ...........366,159 .........367,801 ..................... ..............(42) ..................... .................(42) ................. ................. .........(1,642) .........(1,642) ..........5,428 .......3,763<br />
912828 HW 3 UNITED STATES TREAS INF........................... ... 09/08/2008. VARIOUS................................... 10/08/2008. VARIOUS................................... ............726,719 ...........711,523 ...........701,418 .........711,810 ..................... ..............287 ..................... ................287 ................. ................. .......(10,392) .......(10,392) ..........2,084 .......1,222<br />
912810 PW 2 UNITED STATES TREAS NT............................ ... 09/24/2008. VARIOUS................................... 10/07/2008. VARIOUS................................... ..............65,000 .............63,325 .............68,485 ...........63,329 ..................... ..................4 ..................... ....................4 ................. ................. ...........5,156 ...........5,156 ..........1,321 .......1,050<br />
912828 HL 7 UNITED STATES TREAS NT............................ ... 01/02/2008. DEUTSCHE BANK SE............... 01/16/2008. VARIOUS................................... ............730,000 ...........732,281 ...........737,758 .........732,252 ..................... ..............(30) ..................... .................(30) ................. ................. ...........5,506 ...........5,506 .............830 ..........196<br />
912828 HM 5 UNITED STATES TREAS NT............................ ... 01/29/2008. VARIOUS................................... 01/29/2008. VARIOUS................................... ..............55,000 .............56,565 .............56,675 ...........56,564 ..................... ................(1) ..................... ...................(1) ................. ................. ..............111 ..............111 .............123 ..........118<br />
912828 HQ 6 UNITED STATES TREAS NT............................ ... 03/04/2008. VARIOUS................................... 03/06/2008. VARIOUS................................... ............440,000 ...........440,111 ...........444,744 .........440,118 ..................... ..................7 ..................... ....................7 ................. ................. ...........4,626 ...........4,626 ..........1,039 ..........120<br />
912828 HR 4 UNITED STATES TREAS NT............................ ... 05/08/2008. VARIOUS................................... 05/14/2008. VARIOUS................................... ............384,000 ...........379,097 ...........377,496 .........379,119 ..................... ................22 ..................... ..................22 ................. ................. .........(1,623) .........(1,623) ..........2,242 .......1,651<br />
912828 HT 0 UNITED STATES TREAS NT............................ ... 03/06/2008. VARIOUS................................... 03/31/2008. VARIOUS................................... ............790,000 ...........797,599 ...........801,058 .........797,502 ..................... ..............(97) ..................... .................(97) ................. ................. ...........3,556 ...........3,556 ..........1,835 ..........227<br />
912828 HU 7 UNITED STATES TREAS NT............................ ... 04/22/2008. VARIOUS................................... 04/24/2008. VARIOUS................................... ............330,000 ...........327,552 ...........326,548 .........327,557 ..................... ..................5 ..................... ....................5 ................. ................. .........(1,009) .........(1,009) .............388 ..........357<br />
912828 HV 5 UNITED STATES TREAS NT............................ ... 04/18/2008. VARIOUS................................... 04/23/2008. VARIOUS................................... ............754,000 ...........754,477 ...........740,545 .........754,468 ..................... ................(9) ..................... ...................(9) ................. ................. .......(13,923) .......(13,923) ..........1,035 ..........125<br />
912828 HX 1 UNITED STATES TREAS NT............................ ... 05/09/2008. VARIOUS................................... 05/30/2008. VARIOUS................................... ............495,000 ...........493,417 ...........490,475 .........493,482 ..................... ................65 ..................... ..................65 ................. ................. .........(3,007) .........(3,007) .............943 ..........121<br />
912828 HY 9 UNITED STATES TREAS NT............................ ... 05/23/2008. VARIOUS................................... 05/30/2008. VARIOUS................................... .........1,245,000 ........1,248,868 ........1,235,460 ......1,248,812 ..................... ..............(56) ..................... .................(56) ................. ................. .......(13,352) .......(13,352) ..........2,954 ..........712<br />
912828 HZ 6 UNITED STATES TREAS NT............................ ... 08/07/2008. VARIOUS................................... 08/11/2008. VARIOUS................................... ............452,000 ...........449,587 ...........448,429 .........449,597 ..................... ................10 ..................... ..................10 ................. ................. .........(1,168) .........(1,168) ..........3,055 .......1,728<br />
912828 JA 9 UNITED STATES TREAS NT............................ ... 06/09/2008. VARIOUS................................... 06/24/2008. VARIOUS................................... ............580,000 ...........579,843 ...........577,350 .........579,849 ..................... ..................6 ..................... ....................6 ................. ................. .........(2,499) .........(2,499) ..........1,031 ..........143<br />
912828 JB 7 UNITED STATES TREAS NT............................ ... 06/23/2008. VARIOUS................................... 06/25/2008. VARIOUS................................... .........1,135,000 ........1,140,093 ........1,131,378 ......1,140,033 ..................... ..............(60) ..................... .................(60) ................. ................. .........(8,655) .........(8,655) ..........2,692 ..........458<br />
912828 JC 5 UNITED STATES TREAS NT............................ ... 06/24/2008. HSBC SECURITIES................... 07/23/2008. VARIOUS................................... ............540,000 ...........539,656 ...........540,954 .........539,667 ..................... ................11 ..................... ..................11 ................. ................. ...........1,287 ...........1,287 ..........1,013 .................<br />
912828 JD 3 UNITED STATES TREAS NT............................ ... 07/21/2008. VARIOUS................................... 07/25/2008. VARIOUS................................... .........1,025,000 ........1,014,691 ........1,024,687 ......1,014,830 ..................... ..............138 ..................... ................138 ................. ................. ...........9,857 ...........9,857 ..........2,504 ............11<br />
912828 JF 8 UNITED STATES TREAS NT............................ ... 08/26/2008. VARIOUS................................... 08/28/2008. VARIOUS................................... ............750,000 ...........749,953 ...........756,298 .........749,964 ..................... ................11 ..................... ..................11 ................. ................. ...........6,334 ...........6,334 ..........1,609 ............65<br />
912828 JG 6 UNITED STATES TREAS NT............................ ... 08/27/2008. VARIOUS................................... 08/28/2008. VARIOUS................................... .........1,015,000 ........1,015,234 ........1,029,331 ......1,015,250 ..................... ................16 ..................... ..................16 ................. ................. .........14,081 .........14,081 ..........2,434 ..........270<br />
912828 JH 4 UNITED STATES TREAS NT............................ ... 10/21/2008. VARIOUS................................... 10/22/2008. VARIOUS................................... ............588,000 ...........594,957 ...........604,617 .........594,938 ..................... ..............(20) ..................... .................(20) ................. ................. ...........9,679 ...........9,679 ..........3,320 ..........938<br />
912828 JK 7 UNITED STATES TREAS NT............................ ... 09/23/2008. VARIOUS................................... 09/26/2008. VARIOUS................................... .........1,509,000 ........1,514,867 ........1,522,934 ......1,514,839 ..................... ..............(28) ..................... .................(28) ................. ................. ...........8,095 ...........8,095 ..........3,238 .......1,418<br />
912828 JL 5 UNITED STATES TREAS NT............................ ... 09/26/2008. GOLDMAN SACHS &................ 10/29/2008. VARIOUS................................... ............775,000 ...........773,852 ...........780,845 .........773,889 ..................... ................37 ..................... ..................37 ................. ................. ...........6,956 ...........6,956 ..........1,011 .................<br />
912828 JM 3 UNITED STATES TREAS NT............................ ... 09/26/2008. GREENWICH CAPITA............... 11/04/2008. VARIOUS................................... .........1,000,000 ........1,007,344 ........1,022,419 ......1,007,277 ..................... ..............(67) ..................... .................(67) ................. ................. .........15,142 .........15,142 ..........1,531 .................<br />
912828 JP 6 UNITED STATES TREAS NT............................ ... 10/29/2008. BARCLAYS CAPITAL................ 11/24/2008. VARIOUS................................... ............350,000 ...........349,125 ...........351,826 .........349,152 ..................... ................27 ..................... ..................27 ................. ................. ...........2,674 ...........2,674 .............331 .................<br />
912828 JQ 4 UNITED STATES TREAS NT............................ ... 11/18/2008. VARIOUS................................... 12/02/2008. VARIOUS................................... ............170,000 ...........171,127 ...........178,634 .........171,114 ..................... ..............(13) ..................... .................(13) ................. ................. ...........7,520 ...........7,520 .............408 ............77<br />
912828 JS 0 UNITED STATES TREAS NT............................ ... 12/02/2008. VARIOUS................................... 12/15/2008. VARIOUS................................... ............335,000 ...........335,124 ...........337,453 .........335,125 ..................... ..................1 ..................... ....................1 ................. ................. ...........2,328 ...........2,328 .............130 ............17<br />
912828 JT 8 UNITED STATES TREAS NT............................ ... 12/02/2008. VARIOUS................................... 12/30/2008. VARIOUS................................... ............205,000 ...........208,134 ...........210,124 .........208,098 ..................... ..............(36) ..................... .................(36) ................. ................. ...........2,026 ...........2,026 .............268 ............37<br />
912810 PT 9 UNITED STATES TREASURY.......................... ... 02/06/2008. VARIOUS................................... 02/07/2008. VARIOUS................................... ..............44,000 .............46,973 .............46,614 ...........46,972 ..................... ................(1) ..................... ...................(1) ................. ................. ............(358) ............(358) .............958 ..........938<br />
912827 4Y 5 UNITED STATES TREASURY.......................... ... 02/06/2008. LEHMAN BROTHERS............... 10/20/2008. VARIOUS................................... .........1,012,203 ........1,047,947 ........1,046,972 ......1,027,845 ..................... .......(20,102) ..................... ..........(20,102) ................. ................. .........19,127 .........19,127 ........24,245 .......2,909
E15.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 5<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 Change in Book/Adjusted Carrying Value 17 18 19 20 21<br />
F 12 13 14 15 16<br />
o Par Value Current Interest<br />
r (Bonds) Book/ Year's Total Foreign Realized Total and Paid for<br />
e or Adjusted Unrealized Current Other Than Total Foreign Exchange Gain Gain Dividends Accrued<br />
i Number of Carrying Valuation Year's Temporary Change in Exchange Gain (Loss) (Loss) Received Interest<br />
CUSIP g Date Disposal Shares Actual Value at Increase/ (Amortization)/ Impairment B./A.C.V. Change in (Loss) on on on During and<br />
Identification Description n Acquired Name of Vendor Date Name of Purchaser (Stock) Cost Consideration Disposal (Decrease) Accretion Recognized (12+13-14) B./A.C.V. Disposal Disposal Disposal Year Dividends<br />
912828 JJ 0 UNITED STATES TREASURY.......................... ... 09/10/2008. VARIOUS................................... 09/26/2008. VARIOUS................................... ............910,000 ...........911,151 ...........916,122 .........911,119 ..................... ..............(32) ..................... .................(32) ................. ................. ...........5,003 ...........5,003 ..........1,705 ..........243<br />
912828 HH 6 UNITED STATES TREASURY.......................... ... 02/08/2008. VARIOUS................................... 02/08/2008. VARIOUS................................... ............207,000 ...........215,668 ...........216,216 .........215,652 ..................... ..............(16) ..................... .................(16) ................. ................. ..............564 ..............564 ..........1,804 .......1,593<br />
0399999. Total - Bonds - U.S. Government......................................................... ................................................................................................................................. .......21,400,487 ......21,539,412 ......21,590,836 ....21,516,826 ..................0 .......(22,590) ..................0 ..........(22,590) ..............0 ..............0 .........74,010 .........74,010 ......107,785 .....38,049<br />
Bonds - All Other Government<br />
30216B BD 3 EXPORT DEVELOPMENT CANA..................... I.. 01/24/2008. RBC CAPITAL MARK................ 05/27/2008. VARIOUS................................... ..............20,000 .............19,917 .............19,732 ...........19,926 ..................... ..................9 ..................... ....................9 ................. ................. ............(194) ............(194) .............175 .................<br />
1099999. Total - Bonds - All Other Government.................................................. ................................................................................................................................. ..............20,000 .............19,917 .............19,732 ...........19,926 ..................0 ..................9 ..................0 ....................9 ..............0 ..............0 ............(194) ............(194) .............175 ..............0<br />
Bonds - States, Territories and Possessions<br />
748148 RT 2 QUEBEC (PROV OF) CDA GL.......................... ... 05/07/2008. MERRILL LYNCH....................... 09/04/2008. SCOTIA CAPITAL M.................. ..............10,000 ...............9,940 .............10,111 .............9,941 ..................... ..................2 ..................... ....................2 ................. ................. ..............170 ..............170 .............148 .................<br />
1799999. Total - Bonds - States, Territories & Possessions............................... ................................................................................................................................. ..............10,000 ...............9,940 .............10,111 .............9,941 ..................0 ..................2 ..................0 ....................2 ..............0 ..............0 ..............170 ..............170 .............148 ..............0<br />
Bonds - Political Subdivisions of States<br />
143062 AK 3 CARLTON WIS POLLUTN CTL......................... ... 03/06/2008. KEY CAPITAL MARK................. 03/24/2008. KEY CAPITAL MARK................. .........5,600,000 ........5,600,000 ........5,659,976 ......5,600,000 ..................... ..................... ..................... ....................0 ................. ................. .........59,976 .........59,976 ........12,542 .................<br />
549310 SZ 4 LUCAS CNTY OHIO HOSP RE......................... ... 02/27/2008. PAINE WEBBER INC................. 03/11/2008. VARIOUS................................... ..............50,000 .............50,000 .............50,000 ...........50,000 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 ...............78 .................<br />
592596 UV 0 MET TRANSN AUTH NY COMM...................... ... 03/10/2008. WACHOVIA SECURIT............... 05/22/2008. LOOP CAPITAL MAR................ ..............35,000 .............38,127 .............37,805 ...........37,935 ..................... ............(192) ..................... ...............(192) ................. ................. ............(130) ............(130) .............745 ..........357<br />
64605K RZ 5 NEW JERSEY ST EDL FACS........................... ... 03/14/2008. KEY CAPITAL MARK................. 05/22/2008. CABRERA CAPITAL.................. ..............50,000 .............53,141 .............52,778 ...........52,880 ..................... ............(261) ..................... ...............(261) ................. ................. ............(102) ............(102) ..........1,014 ..........528<br />
66285W AJ 5 NORTH TEX THRUWY AUTH R....................... ... 03/07/2008. BEAR STEARNS........................ 03/18/2008. RBC CAPITAL MARK................ .........5,000,000 ........5,309,500 ........5,331,700 ......5,309,500 ..................... ..................... ..................... ....................0 ................. ................. .........22,200 .........22,200 .................... .................<br />
67766W GL 0 OHIO ST WTR DEV AUTH WT......................... ... 03/04/2008. LEHMAN BROTHERS............... 03/18/2008. VARIOUS................................... .........8,245,000 ........9,097,121 ........9,281,658 ......9,092,617 ..................... .........(4,504) ..................... ............(4,504) ................. ................. .......189,041 .......189,041 ......135,871 ...115,430<br />
745190 G8 5 PUERTO RICO COMWLTH HWY..................... ... 01/01/2008. EXCHANGED............................. 07/01/2008. CALLED AT 101......................... ............490,000 ...........473,987 ...........494,900 .........474,097 ..................... ..............110 ..................... ................110 ................. ................. .........20,803 .........20,803 ........12,250 .................<br />
79575D WT 3 SALT RIVER PROJ ARIZ AG............................ ... 03/06/2008. BEAR STEARNS........................ 03/18/2008. JANNEY MONTGOMER............ .........1,000,000 ........1,077,340 ........1,099,860 ......1,077,221 ..................... ............(119) ..................... ...............(119) ................. ................. .........22,639 .........22,639 .............694 .................<br />
79575D WU 0 SALT RIVER PROJ ARIZ AG............................ ... 03/06/2008. BEAR STEARNS........................ 03/18/2008. JANNEY MONTGOMER............ .........1,000,000 ........1,073,390 ........1,097,400 ......1,073,293 ..................... ..............(97) ..................... .................(97) ................. ................. .........24,107 .........24,107 .............694 .................<br />
88880T LQ 7 TOBACCO SETTLEMENT FING....................... ... 03/19/2008. SALOMON SMITH BA............... 07/23/2008. VARIOUS................................... ..............55,000 .............57,005 .............57,353 ...........56,815 ..................... ............(190) ..................... ...............(190) ................. ................. ..............538 ..............538 .............585 .................<br />
2499999. Total - Bonds - Political Subdivisions of States................................... ................................................................................................................................. .......21,525,000 ......22,829,611 ......23,163,430 ....22,824,358 ..................0 .........(5,253) ..................0 ............(5,253) ..............0 ..............0 .......339,072 .......339,072 ......164,473 ...116,315<br />
Bonds - Special Revenue and Special Assessment<br />
298785 ER 3 EUROPEAN INVESTMENT BAN...................... ... 06/16/2008. MERRILL LYNCH....................... 07/08/2008. VARIOUS................................... ..............20,000 .............19,949 .............20,322 ...........19,950 ..................... ..................... ..................... ....................0 ................. ................. ..............372 ..............372 ...............35 .................<br />
298785 EJ 1 EUROPEAN INVESTMENT BAN...................... ... 01/07/2008. MERRILL LYNCH....................... 05/27/2008. VARIOUS................................... ..............20,000 .............19,954 .............20,087 ...........19,960 ..................... ..................5 ..................... ....................5 ................. ................. ..............127 ..............127 .............246 .................<br />
298785 EK 8 EUROPEAN INVESTMENT BAN...................... ... 01/23/2008. HSBC SECURITIES................... 05/30/2008. VARIOUS................................... ..............40,000 .............39,910 .............38,596 ...........39,916 ..................... ..................6 ..................... ....................6 ................. ................. .........(1,320) .........(1,320) .............393 .................<br />
02R050 62 2 FGLMC 30YR 5% TBA....................................... ... 01/08/2008. GREENWICH CAPITA............... 02/01/2008. GREENWICH CAPITA............... ............210,000 ...........207,966 ...........209,475 .........207,966 ..................... ..................... ..................... ....................0 ................. ................. ...........1,509 ...........1,509 .............321 ..........321<br />
02R050 63 0 FHLMC 15YR 5.5% TBA.................................... ... 02/01/2008. GREENWICH CAPITA............... 02/26/2008. GREENWICH CAPITA............... ............210,000 ...........209,081 ...........201,469 .........209,081 ..................... ..................... ..................... ....................0 ................. ................. .........(7,612) .........(7,612) .............321 ..........321<br />
02R050 6A 4 FHLMC 5% 30 YR TBA...................................... ... 09/09/2008. GREENWICH CAPITA............... 10/09/2008. GREENWICH CAPITA............... ............220,000 ...........217,938 ...........215,463 .........217,938 ..................... ..................... ..................... ....................0 ................. ................. .........(2,475) .........(2,475) .............397 ..........397<br />
02R050 64 8 FHLMC 5% 30YR TBA....................................... ... 02/26/2008. GREENWICH CAPITA............... 04/03/2008. GREENWICH CAPITA............... ............185,000 ...........177,109 ...........182,312 .........177,109 ..................... ..................... ..................... ....................0 ................. ................. ...........5,203 ...........5,203 .............334 ..........334<br />
02R050 65 5 FHLMC 5% 30YR TBA....................................... ... 04/11/2008. GREENWICH CAPITA............... 05/08/2008. VARIOUS................................... ............220,000 ...........216,550 ...........217,147 .........216,550 ..................... ..................... ..................... ....................0 ................. ................. ..............597 ..............597 .............367 ..........367<br />
02R050 66 3 FHLMC 5% 30YR TBA....................................... ... 05/08/2008. GREENWICH CAPITA............... 06/09/2008. GREENWICH CAPITA............... ............220,000 ...........216,631 ...........210,873 .........216,631 ..................... ..................... ..................... ....................0 ................. ................. .........(5,758) .........(5,758) .............336 ..........336<br />
02R050 67 1 FHLMC 5% 30YR TBA....................................... ... 06/09/2008. GREENWICH CAPITA............... 07/01/2008. GREENWICH CAPITA............... ............220,000 ...........210,375 ...........210,143 .........210,375 ..................... ..................... ..................... ....................0 ................. ................. ............(232) ............(232) .............397 ..........397<br />
02R050 68 9 FHLMC 5% 30YR TBA....................................... ... 07/01/2008. GREENWICH CAPITA............... 08/08/2008. GREENWICH CAPITA............... ............220,000 ...........209,688 ...........207,840 .........209,688 ..................... ..................... ..................... ....................0 ................. ................. .........(1,848) .........(1,848) .............367 ..........367<br />
02R050 69 7 FHLMC 5% 30YR TBA....................................... ... 08/08/2008. GREENWICH CAPITA............... 09/09/2008. GREENWICH CAPITA............... ............220,000 ...........207,350 ...........218,341 .........207,350 ..................... ..................... ..................... ....................0 ................. ................. .........10,991 .........10,991 .............306 ..........306<br />
01F050 45 2 FNMA 15 YR 5% TBA........................................ ... 04/15/2008. BANC OF AMERICA.................. 05/14/2008. BANC OF AMERICA.................. ..............50,000 .............50,258 .............50,076 ...........50,258 ..................... ..................... ..................... ....................0 ................. ................. ............(182) ............(182) .............125 ..........125<br />
01F042 4A 8 FNMA 15YR 4.5% TBA...................................... ... 09/12/2008. FIRST BOSTON COR................ 10/15/2008. FIRST BOSTON COR................ ............125,000 ...........123,457 ...........118,516 .........123,457 ..................... ..................... ..................... ....................0 ................. ................. .........(4,941) .........(4,941) .............297 ..........297<br />
01F052 4B 5 FNMA 15YR 5.5% TBA...................................... ... 10/15/2008. FIRST BOSTON COR................ 10/23/2008. FIRST BOSTON COR................ ............125,000 ...........124,141 ...........126,455 .........124,141 ..................... ..................... ..................... ....................0 ................. ................. ...........2,314 ...........2,314 .............325 ..........325<br />
01F052 4C 3 FNMA 15YR 5.5% TBA...................................... ... 10/23/2008. FIRST BOSTON COR................ 12/11/2008. VARIOUS................................... ............125,000 ...........126,250 ...........127,541 .........126,250 ..................... ..................... ..................... ....................0 ................. ................. ...........1,291 ...........1,291 .............286 ..........286<br />
01F050 42 9 FNMA 15YR 5% TBA......................................... ... 01/14/2008. LEHMAN BROTHERS............... 02/13/2008. BANC OF AMERICA.................. ..............50,000 .............50,594 .............50,488 ...........50,594 ..................... ..................... ..................... ....................0 ................. ................. ............(106) ............(106) .............125 ..........125<br />
01F050 44 5 FNMA 15YR 5% TBA......................................... ... 03/13/2008. BANC OF AMERICA.................. 04/15/2008. BANC OF AMERICA.................. ..............50,000 .............50,258 .............50,369 ...........50,258 ..................... ..................... ..................... ....................0 ................. ................. ..............111 ..............111 .............111 ..........111<br />
01F050 46 0 FNMA 15YR 5% TBA......................................... ... 05/14/2008. BANC OF AMERICA.................. 06/13/2008. BANC OF AMERICA.................. ..............50,000 .............49,969 .............48,953 ...........49,969 ..................... ..................... ..................... ....................0 ................. ................. .........(1,016) .........(1,016) .............111 ..........111<br />
01F060 45 1 FNMA 15YR 6.0% TBA...................................... ... 04/15/2008. BANC OF AMERICA.................. 05/14/2008. BANC OF AMERICA.................. ..............50,000 .............51,445 .............51,391 ...........51,445 ..................... ..................... ..................... ....................0 ................. ................. ..............(54) ..............(54) .............150 ..........150<br />
01F060 42 8 FNMA 15YR 6% TBA......................................... ... 01/14/2008. BANC OF AMERICA.................. 02/13/2008. BANC OF AMERICA.................. ..............50,000 .............51,539 .............51,689 ...........51,539 ..................... ..................... ..................... ....................0 ................. ................. ..............150 ..............150 .............150 ..........150<br />
01F060 43 6 FNMA 15YR 6% TBA......................................... ... 02/13/2008. BANC OF AMERICA.................. 03/13/2008. BANC OF AMERICA.................. ..............50,000 .............51,625 .............51,434 ...........51,625 ..................... ..................... ..................... ....................0 ................. ................. ............(191) ............(191) .............142 ..........142<br />
01F060 44 4 FNMA 15YR 6% TBA......................................... ... 03/13/2008. BANC OF AMERICA.................. 04/15/2008. BANC OF AMERICA.................. ..............50,000 .............51,375 .............51,535 ...........51,375 ..................... ..................... ..................... ....................0 ................. ................. ..............160 ..............160 .............133 ..........133<br />
01F060 6A 8 FNMA 30 YR 6% TBA........................................ ... 09/09/2008. GREENWICH CAPITA............... 10/09/2008. VARIOUS................................... ............180,000 ...........184,163 ...........181,575 .........184,163 ..................... ..................... ..................... ....................0 ................. ................. .........(2,588) .........(2,588) .............390 ..........390<br />
01F052 64 9 FNMA 30YR 5.5% TBA...................................... ... 04/04/2008. VARIOUS................................... 04/09/2008. VARIOUS................................... ............200,000 ...........202,330 ...........202,326 .........202,330 ..................... ..................... ..................... ....................0 ................. ................. ................(4) ................(4) .............397 ..........397<br />
01F052 65 6 FNMA 30YR 5.5% TBA...................................... ... 04/09/2008. VARIOUS................................... 05/08/2008. VARIOUS................................... ............200,000 ...........201,867 ...........201,438 .........201,867 ..................... ..................... ..................... ....................0 ................. ................. ............(429) ............(429) .............367 ..........367<br />
01F052 66 4 FNMA 30YR 5.5% TBA...................................... ... 05/08/2008. GREENWICH CAPITA............... 06/06/2008. GREENWICH CAPITA............... ............200,000 ...........200,938 ...........198,609 .........200,938 ..................... ..................... ..................... ....................0 ................. ................. .........(2,329) .........(2,329) .............336 ..........336<br />
01F052 67 2 FNMA 30YR 5.5% TBA...................................... ... 06/09/2008. VARIOUS................................... 07/09/2008. VARIOUS................................... .........2,293,100 ........2,256,728 ........2,270,292 ......2,256,728 ..................... ..................... ..................... ....................0 ................. ................. .........13,564 .........13,564 ..........4,554 .......4,554<br />
01F052 68 0 FNMA 30YR 5.5% TBA...................................... ... 07/01/2008. FIRST BOSTON COR................ 08/08/2008. FIRST BOSTON COR................ ............195,000 ...........191,070 ...........189,942 .........191,070 ..................... ..................... ..................... ....................0 ................. ................. .........(1,128) .........(1,128) .............358 ..........358<br />
01F052 69 8 FNMA 30YR 5.5% TBA...................................... ... 08/08/2008. FIRST BOSTON COR................ 09/09/2008. FIRST BOSTON COR................ ............195,000 ...........189,455 ...........197,803 .........189,455 ..................... ..................... ..................... ....................0 ................. ................. ...........8,348 ...........8,348 .............298 ..........298<br />
01F050 6A 9 FNMA 30YR 5% TBA......................................... ... 09/09/2008. GREENWICH CAPITA............... 10/09/2008. GREENWICH CAPITA............... ..............50,000 .............49,594 .............48,766 ...........49,594 ..................... ..................... ..................... ....................0 ................. ................. ............(828) ............(828) ...............90 ............90<br />
01F050 66 8 FNMA 30YR 5% TBA......................................... ... 05/16/2008. VARIOUS................................... 06/09/2008. VARIOUS................................... ............600,000 ...........589,109 ...........574,070 .........589,109 ..................... ..................... ..................... ....................0 ................. ................. .......(15,039) .......(15,039) .............917 ..........917
E15.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 5<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 Change in Book/Adjusted Carrying Value 17 18 19 20 21<br />
F 12 13 14 15 16<br />
o Par Value Current Interest<br />
r (Bonds) Book/ Year's Total Foreign Realized Total and Paid for<br />
e or Adjusted Unrealized Current Other Than Total Foreign Exchange Gain Gain Dividends Accrued<br />
i Number of Carrying Valuation Year's Temporary Change in Exchange Gain (Loss) (Loss) Received Interest<br />
CUSIP g Date Disposal Shares Actual Value at Increase/ (Amortization)/ Impairment B./A.C.V. Change in (Loss) on on on During and<br />
Identification Description n Acquired Name of Vendor Date Name of Purchaser (Stock) Cost Consideration Disposal (Decrease) Accretion Recognized (12+13-14) B./A.C.V. Disposal Disposal Disposal Year Dividends<br />
01F060 68 3 FNMA 30YR 6.0 TBA......................................... ... 07/22/2008. VARIOUS................................... 08/08/2008. VARIOUS................................... ............230,000 ...........230,227 ...........230,252 .........230,227 ..................... ..................... ..................... ....................0 ................. ................. ................25 ................25 .............460 ..........460<br />
01F060 69 1 FNMA 30YR 6.0 TBA PSTHR............................ ... 08/08/2008. GREENWICH CAPITA............... 09/09/2008. VARIOUS................................... ............230,000 ...........229,605 ...........234,747 .........229,605 ..................... ..................... ..................... ....................0 ................. ................. ...........5,142 ...........5,142 .............383 ..........383<br />
01F060 66 7 FNMA 30YR 6% TBA......................................... ... 06/02/2008. JP MORGAN.............................. 06/06/2008. JP MORGAN.............................. ..............10,000 .............10,157 .............10,134 ...........10,157 ..................... ..................... ..................... ....................0 ................. ................. ..............(23) ..............(23) ...............18 ............18<br />
01F060 67 5 FNMA 30YR 6% TBA......................................... ... 06/06/2008. JP MORGAN.............................. 06/06/2008. VARIOUS................................... ..............20,000 .............20,209 .............20,223 ...........20,209 ..................... ..................... ..................... ....................0 ................. ................. ................14 ................14 ...............43 ............43<br />
01F042 61 6 FNMA 4.5% 30 YR TBA (JA.............................. ... 12/04/2008. FIRST BOSTON COR................ 12/11/2008. GREENWICH CAPITA............... ..............50,000 .............50,016 .............50,398 ...........50,016 ..................... ..................... ..................... ....................0 ................. ................. ..............382 ..............382 ...............75 ............75<br />
01F050 47 8 FNMA 5.0% 15YR TBA...................................... ... 06/13/2008. BANC OF AMERICA.................. 07/01/2008. BANC OF AMERICA.................. ..............50,000 .............48,844 .............49,342 ...........48,844 ..................... ..................... ..................... ....................0 ................. ................. ..............498 ..............498 .............111 ..........111<br />
01F050 48 6 FNMA 5.0% 15YR TBA...................................... ... 07/14/2008. VARIOUS................................... 08/11/2008. VARIOUS................................... ............125,000 ...........123,735 ...........122,290 .........123,735 ..................... ..................... ..................... ....................0 ................. ................. .........(1,445) .........(1,445) .............295 ..........295<br />
01F050 43 7 FNMA 5% 15YR TBA......................................... ... 02/13/2008. BANC OF AMERICA.................. 03/13/2008. BANC OF AMERICA.................. ..............50,000 .............50,422 .............50,346 ...........50,422 ..................... ..................... ..................... ....................0 ................. ................. ..............(76) ..............(76) .............118 ..........118<br />
01F050 69 2 FNMA 5% 30YR TBA......................................... ... 08/22/2008. GREENWICH CAPITA............... 09/09/2008. GREENWICH CAPITA............... ..............50,000 .............47,531 .............49,693 ...........47,531 ..................... ..................... ..................... ....................0 ................. ................. ...........2,162 ...........2,162 ...............69 ............69<br />
3128KR VH 4 FHLMC PL#A61516 GOLD................................ ... 09/30/2008. JEFFERIES & COMP................. 12/02/2008. VARIOUS................................... ..............24,076 .............24,065 .............24,419 ...........24,065 ..................... ..................... ..................... ....................0 ................. ................. ..............354 ..............354 .............255 ............48<br />
3128M6 SN 9 FHLMC PL#G04725 GOLD................................ ... 10/09/2008. GREENWICH CAPITA............... 12/11/2008. VARIOUS................................... ............218,883 ...........214,608 ...........226,776 .........214,651 ..................... ................43 ..................... ..................43 ................. ................. .........12,125 .........12,125 ..........2,172 ..........395<br />
31413T VX 7 FN POOL # 955230............................................ ... 01/23/2008. COUNTRYWIDE SECU............. 04/22/2008. VARIOUS................................... ..............14,974 .............15,643 .............15,525 ...........15,639 ..................... ................(4) ..................... ...................(4) ................. ................. ............(114) ............(114) .............227 ............30<br />
31412W KR 6 FN POOL# 936904............................................. ... 01/29/2008. STEPHENS INC......................... 04/22/2008. VARIOUS................................... ..............88,003 .............91,455 .............91,105 ...........91,433 ..................... ..............(22) ..................... .................(22) ................. ................. ............(328) ............(328) ..........1,326 ..........175<br />
31414G ZQ 5 FN POOL# 966151............................................. ... 01/23/2008. COUNTRYWIDE SECU............. 04/22/2008. VARIOUS................................... ................9,987 .............10,405 .............10,337 ...........10,402 ..................... ................(3) ..................... ...................(3) ................. ................. ..............(65) ..............(65) .............149 ............20<br />
31409J VZ 0 FNMA PL#872832.............................................. ... 01/23/2008. DEUTSCHE BANK SE............... 04/22/2008. VARIOUS................................... ..............15,050 .............15,694 .............15,580 ...........15,689 ..................... ................(5) ..................... ...................(5) ................. ................. ............(109) ............(109) .............228 ............30<br />
31410G N4 1 FNMA PL#888811.............................................. ... 01/23/2008. FIRST BOSTON COR................ 04/22/2008. VARIOUS................................... ..............14,013 .............14,597 .............14,493 ...........14,594 ..................... ................(4) ..................... ...................(4) ................. ................. ............(101) ............(101) .............208 ............28<br />
31410K Q6 4 FNMA PL#889777.............................................. ... 10/09/2008. GREENWICH CAPITA............... 12/02/2008. VARIOUS................................... ............195,295 ...........194,563 ...........198,619 .........194,568 ..................... ..................4 ..................... ....................4 ................. ................. ...........4,051 ...........4,051 ..........2,081 ..........776<br />
31410Q H2 0 FNMA PL#894049.............................................. ... 01/23/2008. DEUTSCHE BANK SE............... 04/22/2008. VARIOUS................................... ..............12,724 .............13,268 .............13,151 ...........13,265 ..................... ................(4) ..................... ...................(4) ................. ................. ............(114) ............(114) .............190 ............25<br />
31412X V2 7 FNMA PL#938133 PSTHRU.............................. ... 09/01/2007. VARIOUS................................... 12/17/2008. VARIOUS................................... ................9,908 ...............9,697 .............10,191 .............9,738 ..................... ................32 ..................... ..................32 ................. ................. ..............453 ..............453 .............545 ............15<br />
31413D TQ 0 FNMA PL#942559.............................................. ... 05/29/2008. GREENWICH CAPITA............... 12/09/2008. VARIOUS................................... .........2,500,000 ........2,479,492 ........2,540,988 ......2,480,967 ..................... ...........1,474 ..................... .............1,474 ................. ................. .........60,021 .........60,021 ........71,648 .......4,201<br />
31413F JR 4 FNMA PL#944072.............................................. ... 01/23/2008. JP MORGAN.............................. 04/22/2008. VARIOUS................................... ..............19,353 .............20,181 .............20,015 ...........20,176 ..................... ................(5) ..................... ...................(5) ................. ................. ............(161) ............(161) .............289 ............38<br />
31413H AR 9 FNMA PL#945616.............................................. ... 01/23/2008. JP MORGAN.............................. 04/22/2008. VARIOUS................................... ..............14,746 .............15,377 .............15,266 ...........15,373 ..................... ................(4) ..................... ...................(4) ................. ................. ............(107) ............(107) .............223 ............29<br />
31414B S5 0 FNMA PL#961440.............................................. ... 08/29/2008. INTER-COMPANY TRANSFER. 12/24/2008. VARIOUS................................... .........9,399,182 ........9,123,509 ........9,608,141 ......9,127,018 ..................... ...........3,510 ..................... .............3,510 ................. ................. .......481,123 .......481,123 ......188,049 .....40,208<br />
31414B 7L 8 FNMA PL#961799.............................................. ... 09/09/2008. FIRST BOSTON COR................ 10/09/2008. GREENWICH CAPITA............... ............195,001 ...........197,347 ...........194,147 .........197,347 ..................... ..................... ..................... ....................0 ................. ................. .........(3,200) .........(3,200) .............387 ..........387<br />
31414E UN 2 FNMA PL#964189.............................................. ... 06/09/2008. FIRST BOSTON COR................ 12/09/2008. VARIOUS................................... ............200,000 ...........190,875 ...........201,987 .........191,271 ..................... ..............396 ..................... ................396 ................. ................. .........10,716 .........10,716 ..........4,433 ..........361<br />
31414E WQ 3 FNMA PL#964255.............................................. ... 07/06/2008. GOLDMAN SACHS &................ 12/09/2008. VARIOUS................................... ..............98,099 .............96,965 .............99,740 ...........96,978 ..................... ................13 ..................... ..................13 ................. ................. ...........2,762 ...........2,762 ..........1,939 ..........180<br />
31414F LB 5 FNMA PL#964822.............................................. ... 08/26/2008. GREENWICH CAPITA............... 12/24/2008. VARIOUS................................... .......26,735,157 ......26,317,420 ......27,339,116 ....26,337,479 ..................... .........20,059 ..................... ...........20,059 ................. ................. ....1,001,637 ....1,001,637 ......416,126 .....40,845<br />
31414K AK 6 FNMA PL#968110.............................................. ... 07/06/2008. GOLDMAN SACHS &................ 12/09/2008. VARIOUS................................... .........1,999,999 ........1,976,874 ........2,033,216 ......1,977,144 ..................... ..............270 ..................... ................270 ................. ................. .........56,072 .........56,072 ........39,434 .......3,667<br />
31414X U3 4 FNMA PL#979502.............................................. ... 12/02/2008. FIRST BOSTON COR................ 12/11/2008. VARIOUS................................... ............176,332 ...........174,789 ...........177,709 .........174,794 ..................... ..................6 ..................... ....................6 ................. ................. ...........2,915 ...........2,915 .............264 ..........220<br />
31415V ZY 4 FNMA PL#990959.............................................. ... 08/11/2008. BANC OF AMERICA.................. 09/12/2008. JP MORGAN.............................. ............125,000 ...........122,031 ...........125,986 .........122,031 ..................... ..................... ..................... ....................0 ................. ................. ...........3,955 ...........3,955 .............260 ..........260<br />
3199999. Total - Bonds - Special Revenue and Special Assessments.................................................................................................................................................. .......49,773,879 ......48,928,267 ......50,589,268 ....48,954,047 ..................0 .........25,767 ..................0 ...........25,767 ..............0 ..............0 ....1,635,221 ....1,635,221 ......745,487 ...106,318<br />
Bonds - Public Utilities<br />
144141 CY 2 CAROLINA PWR & LT CO FM.......................... ... 03/10/2008. JP MORGAN.............................. 04/23/2008. GOLDMAN SACHS &................ ................5,000 ...............4,991 ...............5,231 .............4,991 ..................... ..................... ..................... ....................0 ................. ................. ..............240 ..............240 ...............39 .................<br />
15189Y AE 6 CENTERPOINT ENERGY RES......................... ... 06/26/2008. VARIOUS................................... 10/14/2008. VARIOUS................................... ..............10,000 ...............9,731 ...............8,670 .............9,737 ..................... ..................6 ..................... ....................6 ................. ................. .........(1,067) .........(1,067) .............199 ............38<br />
207597 ED 3 CONNECTICUT LT & PWR CO......................... ... 05/19/2008. BARCLAYS CAPITAL................ 08/06/2008. WACHOVIA SECURIT............... ................5,000 ...............4,988 ...............4,951 .............4,988 ..................... ..................... ..................... ....................0 ................. ................. ..............(37) ..............(37) ...............58 .................<br />
25746U BE 8 DOMINION RESOURCES INC.......................... ... 06/12/2008. SALOMON SMITH BA............... 10/15/2008. VARIOUS................................... ..............10,000 ...............9,991 ...............9,335 .............9,991 ..................... ..................... ..................... ....................0 ................. ................. ............(656) ............(656) .............156 .................<br />
25746U BG 3 DOMINION RESOURCES INC.......................... ... 11/25/2008. BARCLAYS CAPITAL................ 12/01/2008. VARIOUS................................... ..............15,000 .............14,996 .............15,392 ...........14,996 ..................... ..................... ..................... ....................0 ................. ................. ..............396 ..............396 ...............11 .................<br />
26442C AB 0 DUKE ENERGY CAROLINAS L........................ ... 01/07/2008. JP MORGAN.............................. 05/02/2008. MORGAN STANLEY &.............. ................5,000 ...............4,997 ...............5,040 .............4,997 ..................... ..................... ..................... ....................0 ................. ................. ................43 ................43 ...............98 .................<br />
26442C AE 4 DUKE ENERGY CAROLINAS L........................ ... 04/09/2008. BARCLAYS CAPITAL................ 04/17/2008. FTN FINANCIALS...................... ................5,000 ...............4,986 ...............4,942 .............4,986 ..................... ..................... ..................... ....................0 ................. ................. ..............(44) ..............(44) .................7 .................<br />
263901 AA 8 DUKE ENERGY IND INC FMB.......................... ... 08/18/2008. MERRILL LYNCH....................... 11/05/2008. VARIOUS................................... ..............10,000 ...............9,968 ...............8,814 .............9,968 ..................... ..................... ..................... ....................0 ................. ................. .........(1,154) .........(1,154) .............137 .................<br />
341081 FA 0 FLORIDA POWER & LIGHT C.......................... ... 01/10/2008. SALOMON SMITH BA............... 02/14/2008. JP MORGAN.............................. ..............10,000 ...............9,946 ...............9,890 .............9,946 ..................... ..................... ..................... ....................0 ................. ................. ..............(56) ..............(56) ...............56 .................<br />
341099 CL 1 FLORIDA POWER CORP FMB......................... ... 06/11/2008. SALOMON SMITH BA............... 11/25/2008. JEFFERIES & COMP................. ................5,000 ...............4,979 ...............4,791 .............4,979 ..................... ..................... ..................... ....................0 ................. ................. ............(188) ............(188) .............145 .................<br />
595620 AH 8 MIDAMERICAN ENERGY CO S....................... ... 03/19/2008. LEHMAN BROTHERS............... 04/02/2008. VARIOUS................................... ................5,000 ...............4,983 ...............4,959 .............4,983 ..................... ..................... ..................... ....................0 ................. ................. ..............(24) ..............(24) .................9 .................<br />
665772 CD 9 NORTHERN STATES PWR CO........................ ... 03/11/2008. BARCLAYS CAPITAL................ 06/04/2008. WACHOVIA SECURIT............... ................5,000 ...............4,985 ...............4,986 .............4,985 ..................... ..................... ..................... ....................0 ................. ................. ..................1 ..................1 ...............59 .................<br />
694032 AX 1 PACIFIC BELL INC DB...................................... ... 03/05/2008. JP MORGAN.............................. 03/13/2008. LEHMAN BROTHERS............... ..............15,000 .............13,988 .............14,463 ...........13,988 ..................... ..................... ..................... ....................0 ................. ................. ..............475 ..............475 .............415 ..........400<br />
694308 GM 3 PACIFIC GAS & ELEC CO S............................. ... 02/26/2008. LEHMAN BROTHERS............... 03/10/2008. BANC OF AMERICA.................. ................5,000 ...............4,993 ...............5,043 .............4,993 ..................... ..................... ..................... ....................0 ................. ................. ................50 ................50 .................9 .................<br />
737679 DB 3 POTOMAC ELECTRIC POWER....................... ... 03/24/2008. JP MORGAN.............................. 06/16/2008. WACHOVIA SECURIT............... ................5,000 ...............4,846 ...............4,839 .............4,846 ..................... ..................... ..................... ....................0 ................. ................. ................(7) ................(7) .............192 ..........122<br />
744448 CA 7 PUBLIC SERVCIE COLORADO........................ ... 08/06/2008. LEHMAN BROTHERS............... 09/24/2008. HSBC SECURITIES................... ................5,000 ...............4,980 ...............4,900 .............4,980 ..................... ..................... ..................... ....................0 ................. ................. ..............(80) ..............(80) ...............42 .................<br />
74456Q AS 5 PUBLIC SVS ELEC GAS CO............................ ... 04/10/2008. PARIBAS.................................... 07/22/2008. VARIOUS................................... ..............15,000 .............14,988 .............14,825 ...........14,988 ..................... ..................... ..................... ....................0 ................. ................. ............(163) ............(163) ...............80 .................<br />
842400 FK 4 SOUTHERN CALIFORNIA EDI......................... ... 10/07/2008. JP MORGAN.............................. 10/08/2008. VARIOUS................................... ..............10,000 ...............9,949 ...............9,958 .............9,949 ..................... ..................... ..................... ....................0 ................. ................. ..................9 ..................9 .................... .................<br />
927804 FF 6 VIRGINIA ELECTRIC & POW............................ ... 04/14/2008. BARCLAYS CAPITAL................ 05/19/2008. WACHOVIA SECURIT............... ..............10,000 ...............9,978 ...............9,866 .............9,978 ..................... ..................... ..................... ....................0 ................. ................. ............(112) ............(112) ...............30 .................<br />
927804 FG 4 VIRGINIA ELECTRIC & POW............................ ... 11/05/2008. VARIOUS................................... 12/04/2008. VARIOUS................................... ..............20,000 .............20,529 .............22,265 ...........20,528 ..................... ................(1) ..................... ...................(1) ................. ................. ...........1,737 ...........1,737 .............163 ..............6<br />
3899999. Total - Bonds - Public Utilities.............................................................. ................................................................................................................................. ............175,000 ...........173,792 ...........173,160 .........173,797 ..................0 ..................5 ..................0 ....................5 ..............0 ..............0 ............(637) ............(637) ..........1,905 ..........566<br />
Bonds - Industrial and Miscellaneous
E15.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 5<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 Change in Book/Adjusted Carrying Value 17 18 19 20 21<br />
F 12 13 14 15 16<br />
o Par Value Current Interest<br />
r (Bonds) Book/ Year's Total Foreign Realized Total and Paid for<br />
e or Adjusted Unrealized Current Other Than Total Foreign Exchange Gain Gain Dividends Accrued<br />
i Number of Carrying Valuation Year's Temporary Change in Exchange Gain (Loss) (Loss) Received Interest<br />
CUSIP g Date Disposal Shares Actual Value at Increase/ (Amortization)/ Impairment B./A.C.V. Change in (Loss) on on on During and<br />
Identification Description n Acquired Name of Vendor Date Name of Purchaser (Stock) Cost Consideration Disposal (Decrease) Accretion Recognized (12+13-14) B./A.C.V. Disposal Disposal Disposal Year Dividends<br />
002819 AA 8 ABBOTT LABORATORIES NT.......................... ... 02/12/2008. CROSS TRADES DEL............... 02/12/2008. CROSS TRADES DEL............... ................5,000 ...............5,301 ...............5,301 .............5,301 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 ...............68 ............68<br />
002819 AB 6 ABBOTT LABORATORIES NT.......................... ... 02/08/2008. LEHMAN BROTHERS............... 04/29/2008. LEHMAN BROTHERS............... ................5,000 ...............5,245 ...............5,149 .............5,241 ..................... ................(4) ..................... ...................(4) ................. ................. ..............(92) ..............(92) .............135 ............73<br />
008117 AM 5 AETNA INC SR NT............................................ ... 09/09/2008. BANC OF AMERICA.................. 09/10/2008. VARIOUS................................... ............120,000 ...........119,659 ...........121,121 .........119,659 ..................... ..................... ..................... ....................0 ................. ................. ...........1,462 ...........1,462 ...............65 .................<br />
031162 AV 2 AMGEN INC SR NT........................................... ... 04/16/2008. MERRILL LYNCH....................... 08/12/2008. VARIOUS................................... ..............10,000 .............10,029 ...............9,970 ...........10,029 ..................... ................(1) ..................... ...................(1) ................. ................. ..............(59) ..............(59) .............410 ..........228<br />
031162 AX 8 AMGEN INC SR NT........................................... ... 05/20/2008. MERRILL LYNCH....................... 07/29/2008. DEUTSCHE BANK SE............... ..............10,000 ...............9,983 .............10,138 .............9,983 ..................... ..................... ..................... ....................0 ................. ................. ..............155 ..............155 .............116 .................<br />
037411 AV 7 APACHE CORP NT........................................... ... 09/26/2008. GOLDMAN SACHS &................ 10/08/2008. VARIOUS................................... ..............15,000 .............14,939 .............14,989 ...........14,939 ..................... ..................... ..................... ....................0 ................. ................. ................50 ................50 ...............20 .................<br />
00206R AJ 1 AT&T INC BD..................................................... ... 03/13/2008. VARIOUS................................... 04/16/2008. VARIOUS................................... ..............25,000 .............24,745 .............24,563 ...........24,747 ..................... ..................2 ..................... ....................2 ................. ................. ............(184) ............(184) .............243 ..........102<br />
00206R AM 4 AT&T INC GLBL NT........................................... ... 05/16/2008. JP MORGAN.............................. 09/15/2008. MORGAN STANLEY &.............. ................8,000 ...............8,050 ...............7,690 .............8,049 ..................... ................(1) ..................... ...................(1) ................. ................. ............(359) ............(359) .............156 ............10<br />
00206R AN 2 AT&T INC GLBL NT........................................... ... 05/08/2008. DEUTSCHE BANK SE............... 05/09/2008. DEUTSCHE BANK SE............... ................5,000 ...............4,981 ...............4,981 .............4,981 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 .................1 .................<br />
057224 AX 5 BAKER HUGHES INC SR NT............................ ... 10/23/2008. BANC OF AMERICA.................. 11/18/2008. VARIOUS................................... ..............10,000 ...............9,976 .............10,293 .............9,976 ..................... ..................... ..................... ....................0 ................. ................. ..............317 ..............317 ...............42 .................<br />
06051G DW 6 BANK AMER FDG CORP NT............................ ... 04/29/2008. BANC OF AMERICA.................. 08/19/2008. BANC OF AMERICA.................. ..............10,000 ...............9,972 ...............9,664 .............9,974 ..................... ..................2 ..................... ....................2 ................. ................. ............(310) ............(310) .............150 .................<br />
06051G DX 4 BANK AMER FDG CORP SR N........................ ... 05/16/2008. VARIOUS................................... 07/07/2008. VARIOUS................................... ..............20,000 .............19,933 .............18,646 ...........19,934 ..................... ..................1 ..................... ....................1 ................. ................. .........(1,288) .........(1,288) .............213 ............30<br />
060505 DR 2 BANK OF AMERICA CORP DE........................ ... 06/20/2008. BARCLAYS CAPITAL................ 09/15/2008. SALOMON SMITH BA............... ................5,000 ...............4,769 ...............4,025 .............4,769 ..................... ..................... ..................... ....................0 ................. ................. ............(744) ............(744) .............253 ..........161<br />
06406H BJ 7 BANK OF NEW YORK INC MT......................... ... 05/01/2008. VARIOUS................................... 08/29/2008. VARIOUS................................... ..............28,000 .............27,952 .............27,531 ...........27,955 ..................... ..................3 ..................... ....................3 ................. ................. ............(424) ............(424) .............550 ............39<br />
073902 RU 4 BEAR STEARNS COS INC SR......................... ... 01/29/2008. BEAR STEARNS........................ 02/14/2008. BEAR STEARNS........................ ................5,000 ...............4,986 ...............4,845 .............4,986 ..................... ..................... ..................... ....................0 ................. ................. ............(141) ............(141) ...............19 .................<br />
084664 BC 4 BERKSHIRE HATHAWAY FIN.......................... ... 05/06/2008. GOLDMAN SACHS &................ 10/21/2008. WACHOVIA SECURIT............... ................5,000 ...............4,993 ...............4,671 .............4,993 ..................... ..................... ..................... ....................0 ................. ................. ............(322) ............(322) .............121 .................<br />
09062X AB 9 BIOGEN IDEC INC SR NT................................. ... 02/28/2008. MERRILL LYNCH....................... 03/04/2008. GOLDMAN SACHS &................ ................5,000 ...............4,959 ...............5,062 .............4,959 ..................... ..................... ..................... ....................0 ................. ................. ..............103 ..............103 .................3 .................<br />
05565Q BF 4 BP CAPITAL MARKETS PLC............................ ... 11/04/2008. BANC OF AMERICA.................. 11/19/2008. FIRST BOSTON COR................ ..............10,000 ...............9,994 .............10,085 .............9,994 ..................... ..................... ..................... ....................0 ................. ................. ................91 ................91 ...............25 .................<br />
12189T AY 0 BURLINGTON NORTHERN & S....................... ... 02/08/2008. LEHMAN BROTHERS............... 08/06/2008. BANC OF AMERICA.................. ................5,000 ...............5,056 ...............4,842 .............5,054 ..................... ................(2) ..................... ...................(2) ................. ................. ............(212) ............(212) .............220 ............80<br />
12189T BA 1 BURLINGTON NORTHERN SAN...................... ... 03/11/2008. BARCLAYS CAPITAL................ 10/14/2008. VARIOUS................................... ..............10,000 ...............9,977 ...............8,812 .............9,978 ..................... ..................1 ..................... ....................1 ................. ................. .........(1,166) .........(1,166) .............322 .................<br />
136385 AH 4 CANADIAN NAT RESOURCES........................ ... 10/31/2008. VARIOUS................................... 12/05/2008. VARIOUS................................... ..............10,000 ...............8,193 ...............8,545 .............8,209 ..................... ................16 ..................... ..................16 ................. ................. ..............336 ..............336 .............192 ..........132<br />
136385 AP 6 CANADIAN NAT RESOURCES........................ ... 01/10/2008. SALOMON SMITH BA............... 02/06/2008. VARIOUS................................... ................5,000 ...............4,993 ...............5,070 .............4,993 ..................... ..................... ..................... ....................0 ................. ................. ................77 ................77 ...............14 .................<br />
136385 AB 7 CANADIAN NATURAL RESOUR...................... ... 02/26/2008. VARIOUS................................... 06/06/2008. VARIOUS................................... ..............30,000 .............31,884 .............31,451 ...........31,737 ..................... ............(147) ..................... ...............(147) ................. ................. ............(286) ............(286) .............815 ..........240<br />
136385 AF 8 CANADIAN NATURAL RESOUR...................... ... 02/21/2008. RBC CAPITAL MARK................ 07/16/2008. FIRST BOSTON COR................ ................5,000 ...............4,855 ...............4,865 .............4,863 ..................... ..................7 ..................... ....................7 ................. ................. ..................2 ..................2 .............157 ............58<br />
14912L 4D 0 CATERPILLAR FINL SVCS C........................... ... 09/23/2008. BARCLAYS CAPITAL................ 10/01/2008. VARIOUS................................... ..............10,000 ...............9,967 ...............9,933 .............9,967 ..................... ..................... ..................... ....................0 ................. ................. ..............(34) ..............(34) ...............20 .................<br />
172967 ER 8 CITIGROUP INC DEP SHS B............................ ... 04/21/2008. SALOMON SMITH BA............... 05/02/2008. VARIOUS................................... ..............10,000 .............10,000 .............10,106 ...........10,000 ..................... ..................... ..................... ....................0 ................. ................. ..............106 ..............106 ...............19 .................<br />
172967 EQ 0 CITIGROUP INC GLBL NT................................ ... 04/04/2008. SALOMON SMITH BA............... 04/29/2008. SALOMON SMITH BA............... ..............25,000 .............24,873 .............25,023 ...........24,874 ..................... ..................1 ..................... ....................1 ................. ................. ..............149 ..............149 ...............58 .................<br />
172967 ES 6 CITIGROUP INC SR NT.................................... ... 05/16/2008. VARIOUS................................... 07/29/2008. VARIOUS................................... ..............15,000 .............15,010 .............14,411 ...........15,010 ..................... ..................... ..................... ....................0 ................. ................. ............(599) ............(599) .............142 ..............8<br />
20030N AX 9 COMCAST CORP NT........................................ ... 05/13/2008. LEHMAN BROTHERS............... 06/09/2008. FIRST BOSTON COR................ ................5,000 ...............4,804 ...............4,789 .............4,804 ..................... ..................... ..................... ....................0 ................. ................. ..............(15) ..............(15) ...............31 ..............8<br />
201723 AJ 2 COMMERCIAL METALS CO NT....................... ... 07/30/2008. BANC OF AMERICA.................. 07/30/2008. JP MORGAN.............................. ................5,000 ...............4,991 ...............4,992 .............4,991 ..................... ..................... ..................... ....................0 ................. ................. ..................1 ..................1 .................... .................<br />
20825C AN 4 CONOCOPHILLIPS GTD NT............................. ... 05/05/2008. SALOMON SMITH BA............... 07/02/2008. SALOMON SMITH BA............... ................5,000 ...............5,000 ...............4,938 .............5,000 ..................... ..................... ..................... ....................0 ................. ................. ..............(62) ..............(62) ...............43 .................<br />
20825C AP 9 CONOCOPHILLIPS GTD NT............................. ... 05/05/2008. SALOMON SMITH BA............... 05/05/2008. BANC OF AMERICA.................. ................5,000 ...............4,981 ...............4,978 .............4,981 ..................... ..................... ..................... ....................0 ................. ................. ................(3) ................(3) .................... .................<br />
24422E QR 3 DEERE JOHN CAPITAL CORP........................ ... 03/31/2008. DEUTSCHE BANK SE............... 05/13/2008. VARIOUS................................... ..............10,000 ...............9,969 .............10,010 .............9,970 ..................... ..................... ..................... ....................0 ................. ................. ................40 ................40 ...............57 .................<br />
246688 AF 2 DELHAIZE AMERICA INC NT........................... ... 02/29/2008. JP MORGAN.............................. 05/05/2008. VARIOUS................................... ..............11,000 .............13,181 .............13,627 ...........13,175 ..................... ................(6) ..................... ...................(6) ................. ................. ..............452 ..............452 .............542 ..........374<br />
260003 AG 3 DOVER CORP BD............................................. ... 03/11/2008. JP MORGAN.............................. 03/12/2008. GOLDMAN SACHS &................ ................5,000 ...............4,991 ...............5,070 .............4,991 ..................... ..................... ..................... ....................0 ................. ................. ................79 ................79 .................3 .................<br />
263534 BT 5 DUPONT EI DE NEMOURS &........................... ... 07/23/2008. GOLDMAN SACHS &................ 10/16/2008. VARIOUS................................... ..............20,000 .............19,992 .............18,967 ...........19,992 ..................... ..................... ..................... ....................0 ................. ................. .........(1,025) .........(1,025) .............228 .................<br />
29250R AN 6 ENBRIDGE ENERGY PARTNER...................... ... 06/06/2008. VARIOUS................................... 12/15/2008. VARIOUS................................... ..............15,000 .............15,250 .............13,623 ...........15,242 ..................... ................(8) ..................... ...................(8) ................. ................. .........(1,619) .........(1,619) .............549 ..........114<br />
292506 AA 0 ENCANA CORP CO GUARNT.......................... I.. 02/29/2008. BANC OF AMERICA.................. 07/23/2008. VARIOUS................................... ..............10,000 .............10,409 .............10,012 ...........10,387 ..................... ..............(22) ..................... .................(22) ................. ................. ............(375) ............(375) .............404 ..........175<br />
29273R AJ 8 ENERGY TRANSFER PARTNER..................... ... 03/25/2008. WACHOVIA SECURIT............... 06/03/2008. JP MORGAN.............................. ................5,000 ...............4,948 ...............5,232 .............4,948 ..................... ..................... ..................... ....................0 ................. ................. ..............284 ..............284 ...............71 .................<br />
26875P AC 5 EOG RESOURCES INC SR NT........................ ... 09/25/2008. JP MORGAN.............................. 09/26/2008. BANC OF AMERICA.................. ................5,000 ...............4,973 ...............5,008 .............4,973 ..................... ..................... ..................... ....................0 ................. ................. ................35 ................35 .................1 .................<br />
36962G 3K 8 GENERAL ELECTRIC CAP CO........................ ... 01/08/2008. GOLDMAN SACHS &................ 03/03/2008. GOLDMAN SACHS &................ ................5,000 ...............5,147 ...............5,213 .............5,143 ..................... ................(4) ..................... ...................(4) ................. ................. ................70 ................70 .............100 ............62<br />
36962G 3P 7 GENERAL ELECTRIC CAP CO........................ ... 04/16/2008. LEHMAN BROTHERS............... 06/10/2008. VARIOUS................................... ..............25,000 .............24,032 .............23,371 ...........24,034 ..................... ..................2 ..................... ....................2 ................. ................. ............(663) ............(663) .............452 ..........158<br />
36962G 3U 6 GENERAL ELECTRIC CAP CO........................ ... 04/16/2008. LEHMAN BROTHERS............... 06/03/2008. SALOMON SMITH BA............... ................5,000 ...............4,987 ...............4,982 .............4,987 ..................... ..................... ..................... ....................0 ................. ................. ................(5) ................(5) ...............35 .................<br />
37251E AE 7 GENWORTH LIFE INSTL FD............................ ... 04/29/2008. BANC OF AMERICA.................. 05/01/2008. VARIOUS................................... ................5,000 ...............4,997 ...............5,057 .............4,997 ..................... ..................... ..................... ....................0 ................. ................. ................60 ................60 .................... .................<br />
38141G FG 4 GOLDMAN SACHS GROUP INC...................... ... 09/22/2008. VARIOUS................................... 09/24/2008. VARIOUS................................... ..............10,000 ...............9,384 ...............9,333 .............9,384 ..................... ..................1 ..................... ....................1 ................. ................. ..............(51) ..............(51) ...............59 ............55<br />
428236 AS 2 HEWLETT PACKARD CO NT........................... ... 02/25/2008. BANC OF AMERICA.................. 05/13/2008. FIRST BOSTON COR................ ................5,000 ...............4,997 ...............5,022 .............4,997 ..................... ..................... ..................... ....................0 ................. ................. ................25 ................25 ...............56 .................<br />
438516 AX 4 HONEYWELL INTL INC SR N........................... ... 02/26/2008. BANC OF AMERICA.................. 06/23/2008. BANC OF AMERICA.................. ..............10,000 ...............9,964 ...............9,722 .............9,965 ..................... ..................1 ..................... ....................1 ................. ................. ............(243) ............(243) .............171 .................<br />
460146 CA 9 INTERNATIONAL PAPER COM........................ ... 05/28/2008. JP MORGAN.............................. 07/07/2008. MORGAN STANLEY &.............. ................5,000 ...............4,999 ...............4,932 .............4,999 ..................... ..................... ..................... ....................0 ................. ................. ..............(67) ..............(67) ...............40 .................<br />
45974V B7 2 INTL LEASE FIN CORP MTN............................ ... 03/19/2008. SALOMON SMITH BA............... 09/17/2008. FIRST BOSTON COR................ ..............10,000 ...............9,989 ...............8,000 .............9,990 ..................... ..................1 ..................... ....................1 ................. ................. .........(1,990) .........(1,990) .............313 .................<br />
000000 00 0 ISLE OF CAPRI CASINOS D............................. ... 02/14/2008. FIRST BOSTON COR................ 05/08/2008. VARIOUS................................... ............176,471 ...........176,471 ...........158,428 .........176,471 ..................... ..................... ..................... ....................0 ................. ................. .......(18,043) .......(18,043) ..........2,533 .................<br />
45031U BG 5 ISTAR FINL INC SR NT..................................... ... 05/16/2008. SALOMON SMITH BA............... 07/31/2008. GOLDMAN SACHS &................ ................5,000 ...............4,975 ...............4,025 .............4,976 ..................... ..................1 ..................... ....................1 ................. ................. ............(951) ............(951) ...............89 .................<br />
46625H HF 0 JP MORGAN CHASE & CO NT......................... ... 05/16/2008. JP MORGAN.............................. 11/04/2008. VARIOUS................................... ..............10,000 ...............9,885 ...............9,449 .............9,885 ..................... ..................... ..................... ....................0 ................. ................. ............(436) ............(436) .............159 .................<br />
494550 AW 6 KINDER MORGAN ENERGY PA...................... ... 02/05/2008. WACHOVIA SECURIT............... 02/05/2008. BANC OF AMERICA.................. ................5,000 ...............5,005 ...............5,084 .............5,005 ..................... ..................... ..................... ....................0 ................. ................. ................79 ................79 ...............26 ............26<br />
500472 AA 3 KONINKLIJKE PHILIPS ELE............................. ... 03/05/2008. JP MORGAN.............................. 12/01/2008. JP MORGAN.............................. ..............40,000 .............39,692 .............37,426 ...........39,733 ..................... ................41 ..................... ..................41 ................. ................. .........(2,307) .........(2,307) ..........1,352 .................<br />
500472 AB 1 KONINKLIJKE PHILIPS ELE............................. ... 03/05/2008. JP MORGAN.............................. 04/03/2008. VARIOUS................................... ..............15,000 .............14,821 .............15,063 ...........14,821 ..................... ..................... ..................... ....................0 ................. ................. ..............242 ..............242 ...............27 .................
E15.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 5<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 Change in Book/Adjusted Carrying Value 17 18 19 20 21<br />
F 12 13 14 15 16<br />
o Par Value Current Interest<br />
r (Bonds) Book/ Year's Total Foreign Realized Total and Paid for<br />
e or Adjusted Unrealized Current Other Than Total Foreign Exchange Gain Gain Dividends Accrued<br />
i Number of Carrying Valuation Year's Temporary Change in Exchange Gain (Loss) (Loss) Received Interest<br />
CUSIP g Date Disposal Shares Actual Value at Increase/ (Amortization)/ Impairment B./A.C.V. Change in (Loss) on on on During and<br />
Identification Description n Acquired Name of Vendor Date Name of Purchaser (Stock) Cost Consideration Disposal (Decrease) Accretion Recognized (12+13-14) B./A.C.V. Disposal Disposal Disposal Year Dividends<br />
500769 CN 2 KREDITANSTALT FUR WIEDE........................ ... 01/09/2008. RBC CAPITAL MARK................ 05/27/2008. VARIOUS................................... ..............30,000 .............29,979 .............30,100 ...........29,981 ..................... ..................2 ..................... ....................2 ................. ................. ..............119 ..............119 .............343 .................<br />
500769 CP 7 KREDITANSTALT FUR WIEDE........................ ... 02/04/2008. DEUTSCHE BANK SE............... 05/29/2008. DAIN RAUSCHER WE............... ..............20,000 .............19,924 .............19,378 ...........19,928 ..................... ..................4 ..................... ....................4 ................. ................. ............(550) ............(550) .............202 .................<br />
501044 CC 3 KROGER CO NT................................................ ... 02/07/2008. BARCLAYS CAPITAL................ 07/22/2008. JP MORGAN.............................. ................5,000 ...............5,395 ...............5,180 .............5,355 ..................... ..............(39) ..................... .................(39) ................. ................. ............(175) ............(175) .............263 ..........110<br />
501044 CH 2 KROGER CO SR NT.......................................... ... 01/09/2008. SALOMON SMITH BA............... 01/10/2008. VARIOUS................................... ..............10,000 ...............9,975 ...............9,987 .............9,975 ..................... ..................... ..................... ....................0 ................. ................. ................12 ................12 .................... .................<br />
501044 CK 5 KROGER CO SR NT.......................................... ... 03/19/2008. BANC OF AMERICA.................. 05/19/2008. JP MORGAN.............................. ................5,000 ...............4,972 ...............5,256 .............4,972 ..................... ..................... ..................... ....................0 ................. ................. ..............284 ..............284 ...............53 .................<br />
501044 CF 6 KROGER COMPANY SR NT............................ ... 03/27/2008. SALOMON SMITH BA............... 07/25/2008. JP MORGAN.............................. ................3,000 ...............2,895 ...............2,810 .............2,899 ..................... ..................4 ..................... ....................4 ................. ................. ..............(89) ..............(89) ...............80 ............31<br />
515110 AY 0 LANDWIRTSCHAFTLICHE REN....................... ... 01/31/2008. RBC CAPITAL MARK................ 06/02/2008. DAIN RAUSCHER WE............... ..............10,000 ...............9,954 ...............9,712 .............9,957 ..................... ..................3 ..................... ....................3 ................. ................. ............(245) ............(245) .............107 .................<br />
5252M0 FD 4 LEHMAN BROS HLDGS INC M........................ ... 04/17/2008. LEHMAN BROTHERS............... 05/08/2008. LEHMAN BROTHERS............... ..............10,000 ...............9,967 .............10,182 .............9,967 ..................... ..................... ..................... ....................0 ................. ................. ..............215 ..............215 ...............36 .................<br />
5252M0 BZ 9 LEHMAN BROS HLDGS MTN........................... ... 09/19/2008. VARIOUS................................... 09/15/2008. VARIOUS................................... ..............50,000 .............29,886 .............17,375 ...........29,899 ..................... ................13 ..................... ..................13 ................. ................. .......(12,524) .......(12,524) .............711 .................<br />
524908 7N 4 LEHMAN BROS SB NT..................................... ... 05/02/2008. LEHMAN BROTHERS............... 05/16/2008. LEHMAN BROTHERS............... ..............10,000 ...............9,928 ...............9,755 .............9,928 ..................... ..................... ..................... ....................0 ................. ................. ............(173) ............(173) ...............25 .................<br />
524908 R4 4 LEHMAN BROTHERS HLDG SR...................... ... 09/11/2008. VARIOUS................................... 10/16/2008. VARIOUS................................... ..............13,000 .............11,451 ...............3,729 .............4,717 ..................... ..................3 ...........6,737 ............(6,734) ................. ................. ............(988) ............(988) .............400 ..........230<br />
539830 AS 8 LOCKHEED MARTIN CORP SR....................... ... 03/11/2008. GOLDMAN SACHS &................ 07/09/2008. MORGAN STANLEY &.............. ................5,000 ...............5,000 ...............4,854 .............5,000 ..................... ..................... ..................... ....................0 ................. ................. ............(146) ............(146) ...............69 .................<br />
565849 AF 3 MARATHON OIL CORP NT............................... ... 03/12/2008. SALOMON SMITH BA............... 04/14/2008. VARIOUS................................... ..............10,000 ...............9,979 .............10,075 .............9,979 ..................... ..................... ..................... ....................0 ................. ................. ................96 ................96 ...............29 .................<br />
55276G AA 3 MBIA INS CO FXD TO FLT............................... ... 01/11/2008. LEHMAN BROTHERS............... 02/13/2008. VARIOUS................................... ..............15,000 .............15,000 .............13,420 ...........15,000 ..................... ..................... ..................... ....................0 ................. ................. .........(1,580) .........(1,580) .............121 .................<br />
58013M EB 6 MCDONALDS CORP MTN................................ ... 01/16/2008. SALOMON SMITH BA............... 05/07/2008. DEUTSCHE BANK SE............... ..............10,000 .............10,497 .............10,409 ...........10,485 ..................... ..............(12) ..................... .................(12) ................. ................. ..............(76) ..............(76) .............329 ..........151<br />
58013M EE 0 MCDONALDS CORP MTN................................ ... 02/26/2008. SALOMON SMITH BA............... 05/02/2008. MORGAN STANLEY &.............. ................5,000 ...............5,000 ...............5,070 .............5,000 ..................... ..................... ..................... ....................0 ................. ................. ................70 ................70 ...............50 .................<br />
58013M EF 7 MCDONALDS CORP MTN................................ ... 02/26/2008. SALOMON SMITH BA............... 03/13/2008. BEAR STEARNS........................ ................5,000 ...............4,977 ...............5,016 .............4,977 ..................... ..................... ..................... ....................0 ................. ................. ................39 ................39 ...............16 .................<br />
59018Y M4 0 MERRILL LYNCH & CO INC.............................. ... 01/29/2008. MERRILL LYNCH....................... 04/29/2008. VARIOUS................................... ..............20,000 .............19,974 .............19,505 ...........19,975 ..................... ..................1 ..................... ....................1 ................. ................. ............(470) ............(470) .............250 .................<br />
59018Y N6 4 MERRILL LYNCH & CO INC.............................. ... 04/22/2008. MERRILL LYNCH....................... 07/02/2008. MERRILL LYNCH....................... ..............10,000 ...............9,991 ...............9,445 .............9,992 ..................... ..................... ..................... ....................0 ................. ................. ............(547) ............(547) .............139 .................<br />
59179# AA 5 METROPCS WIRELESS INC T......................... ... 01/01/2008. LEHMAN BROTHERS............... 04/01/2008. UNASSIGNED REPAY.............. ................6,281 ...............6,281 ...............6,281 .............6,281 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 .............156 .................<br />
61166W AF 8 MONSANTO CO SR NT.................................... ... 04/10/2008. JP MORGAN.............................. 05/13/2008. JP MORGAN.............................. ................5,000 ...............4,984 ...............4,892 .............4,984 ..................... ..................... ..................... ....................0 ................. ................. ..............(92) ..............(92) ...............22 .................<br />
61166W AG 6 MONSANTO CO SR NT.................................... ... 04/10/2008. SALOMON SMITH BA............... 05/28/2008. LEHMAN BROTHERS............... ................5,000 ...............4,927 ...............4,737 .............4,927 ..................... ..................... ..................... ....................0 ................. ................. ............(190) ............(190) ...............38 .................<br />
629568 AQ 9 NABORS INDS INC GTD SR............................. ... 07/17/2008. UBS WARBURG........................ 07/24/2008. VARIOUS................................... ..............15,000 .............14,715 .............14,891 ...........14,716 ..................... ..................... ..................... ....................0 ................. ................. ..............175 ..............175 .............283 ..........260<br />
637432 KT 1 NATIONAL RURAL UTIL COO.......................... ... 01/15/2008. LEHMAN BROTHERS............... 02/01/2008. BANC OF AMERICA.................. ................5,000 ...............4,989 ...............5,067 .............4,989 ..................... ..................... ..................... ....................0 ................. ................. ................78 ................78 ...............10 .................<br />
652482 BQ 2 NEWS AMERICA INC SR NT............................ ... 05/22/2008. JP MORGAN.............................. 07/25/2008. JP MORGAN.............................. ................5,000 ...............5,011 ...............4,723 .............5,011 ..................... ..................... ..................... ....................0 ................. ................. ............(288) ............(288) ...............69 ............12<br />
655844 AZ 1 NORFOLK SOUTHERN CORP N...................... ... 04/01/2008. MERRILL LYNCH....................... 08/13/2008. GOLDMAN SACHS &................ ................5,000 ...............4,986 ...............4,903 .............4,987 ..................... ..................... ..................... ....................0 ................. ................. ..............(84) ..............(84) .............107 .................<br />
68389X AC 9 ORACLE CORP NT........................................... ... 05/20/2008. VARIOUS................................... 08/12/2008. VARIOUS................................... ..............15,000 .............15,254 .............15,037 ...........15,249 ..................... ................(5) ..................... ...................(5) ................. ................. ............(212) ............(212) .............302 ............70<br />
68389X AD 7 ORACLE CORP NT........................................... ... 10/02/2008. BANC OF AMERICA.................. 12/11/2008. SALOMON SMITH BA............... ..............15,000 .............14,630 .............15,054 ...........14,644 ..................... ................14 ..................... ..................14 ................. ................. ..............410 ..............410 .............509 ..........367<br />
68389X AE 5 ORACLE CORP NT........................................... ... 04/02/2008. FIRST BOSTON COR................ 05/20/2008. SALOMON SMITH BA............... ..............10,000 ...............9,983 .............10,229 .............9,983 ..................... ..................... ..................... ....................0 ................. ................. ..............246 ..............246 ...............79 .................<br />
713448 BH 0 PEPSICO INC SR NT........................................ ... 05/20/2008. JP MORGAN.............................. 06/03/2008. MORGAN STANLEY &.............. ................5,000 ...............4,945 ...............4,922 .............4,945 ..................... ..................... ..................... ....................0 ................. ................. ..............(23) ..............(23) .................6 .................<br />
71644E AH 5 PETRO CDA NT................................................. ... 05/21/2008. VARIOUS................................... 12/11/2008. VARIOUS................................... ..............15,000 .............14,986 .............12,667 ...........14,987 ..................... ..................1 ..................... ....................1 ................. ................. .........(2,320) .........(2,320) .............417 ............10<br />
71644E AJ 1 PETRO CDA SR NT........................................... ... 05/12/2008. DEUTSCHE BANK SE............... 05/21/2008. MORGAN STANLEY &.............. ................5,000 ...............4,989 ...............4,979 .............4,989 ..................... ..................... ..................... ....................0 ................. ................. ..............(10) ..............(10) ...............11 .................<br />
718172 AA 7 PHILIP MORRIS INTL INC................................. ... 05/22/2008. DEUTSCHE BANK SE............... 07/29/2008. VARIOUS................................... ..............18,000 .............17,851 .............17,489 ...........17,853 ..................... ..................2 ..................... ....................2 ................. ................. ............(364) ............(364) .............153 ............15<br />
718172 AC 3 PHILIP MORRIS INTL INC................................. ... 05/13/2008. FIRST BOSTON COR................ 05/22/2008. DEUTSCHE BANK SE............... ..............10,000 ...............9,955 ...............9,815 .............9,955 ..................... ..................... ..................... ....................0 ................. ................. ............(140) ............(140) ...............17 .................<br />
74005P AJ 3 PRAXAIR INC NT............................................... ... 11/14/2008. BONY CAPITAL MAR................ 12/01/2008. CREDIT RESEARCH................. ..............25,000 .............25,827 .............26,181 ...........25,817 ..................... ................(9) ..................... ...................(9) ................. ................. ..............364 ..............364 .............279 ..........213<br />
76114E AF 9 RESIDENTIAL CAP LLC SR.............................. ... 06/06/2008. EXCHANGED............................. 11/20/2008. VARIOUS................................... ............600,000 ...........367,492 .............84,000 .........144,000 ..................... ...........5,200 .......228,692 ........(223,492) ................. ................. .......(60,000) .......(60,000) ........27,110 .................<br />
767201 AC 0 RIO TINTO FIN USA LTD N............................... ... 06/24/2008. JP MORGAN.............................. 08/27/2008. VARIOUS................................... ..............15,000 .............14,870 .............15,081 ...........14,871 ..................... ..................1 ..................... ....................1 ................. ................. ..............210 ..............210 .............155 .................<br />
775371 AW 7 ROHM & HAAS CO NT...................................... ... 01/24/2008. WACHOVIA SECURIT............... 07/23/2008. DEUTSCHE BANK SE............... ..............10,000 .............10,361 ...............9,971 ...........10,330 ..................... ..............(31) ..................... .................(31) ................. ................. ............(359) ............(359) .............492 ..........216<br />
806605 AJ 0 SCHERING PLOUGH CORP SR....................... ... 05/01/2008. VARIOUS................................... 08/19/2008. VARIOUS................................... ..............10,000 .............10,093 ...............9,784 ...........10,091 ..................... ................(2) ..................... ...................(2) ................. ................. ............(307) ............(307) .............239 ............82<br />
86722T AA 0 SUNCOR ENERGY INC NT.............................. ... 06/06/2008. VARIOUS................................... 08/20/2008. VARIOUS................................... ..............20,000 .............20,061 .............20,032 ...........20,061 ..................... ..................... ..................... ....................0 ................. ................. ..............(29) ..............(29) .............148 ..............8<br />
86722T AB 8 SUNCOR ENERGY INC SR NT........................ ... 10/29/2008. JP MORGAN.............................. 11/21/2008. JP MORGAN.............................. ..............10,000 ...............6,967 ...............7,514 .............6,968 ..................... ..................1 ..................... ....................1 ................. ................. ..............546 ..............546 .............323 ..........280<br />
871829 AL 1 SYSCO CORP NT.............................................. ... 02/07/2008. GOLDMAN SACHS &................ 05/15/2008. VARIOUS................................... ..............20,000 .............19,862 .............20,236 ...........19,863 ..................... ..................1 ..................... ....................1 ................. ................. ..............373 ..............373 .............142 .................<br />
902133 AH 0 TYCO ELECTRONICS GROUP........................ ... 07/09/2008. UBS WARBURG........................ 12/12/2008. VARIOUS................................... ..............40,000 .............39,989 .............33,707 ...........39,990 ..................... ..................1 ..................... ....................1 ................. ................. .........(6,283) .........(6,283) ..........1,012 .................<br />
907818 DA 3 UNION PACIFIC CORP NT............................... ... 01/31/2008. FIRST BOSTON COR................ 02/08/2008. LEHMAN BROTHERS............... ................5,000 ...............4,983 ...............4,983 .............4,983 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 .................6 .................<br />
907818 CT 3 UNION PACIFIC CORP SR N........................... ... 01/31/2008. BANC OF AMERICA.................. 04/29/2008. BARCLAYS CAPITAL................ ................2,000 ...............2,017 ...............2,002 .............2,017 ..................... ................(1) ..................... ...................(1) ................. ................. ..............(15) ..............(15) ...............54 ............28<br />
91324P BK 7 UNITEDHEALTH GROUP INC.......................... ... 02/04/2008. SALOMON SMITH BA............... 05/07/2008. JP MORGAN.............................. ..............10,000 ...............9,848 ...............9,737 .............9,848 ..................... ..................... ..................... ....................0 ................. ................. ............(111) ............(111) .............105 .................<br />
902911 AN 6 UST INC SR NT................................................. ... 02/26/2008. MORGAN STANLEY &.............. 05/19/2008. VARIOUS................................... ................5,000 ...............4,982 ...............5,019 .............4,982 ..................... ..................... ..................... ....................0 ................. ................. ................37 ................37 ...............64 .................<br />
92343V AP 9 VERIZON COMMUNICATIONS........................ ... 05/16/2008. VARIOUS................................... 06/04/2008. VARIOUS................................... ..............10,000 .............10,323 .............10,252 ...........10,323 ..................... ..................... ..................... ....................0 ................. ................. ..............(71) ..............(71) ...............66 ............45<br />
92343V AK 0 VERIZON COMMUNICATIONS........................ ... 09/16/2008. JP MORGAN.............................. 11/04/2008. VARIOUS................................... ..............20,000 .............18,934 .............18,068 ...........18,936 ..................... ..................1 ..................... ....................1 ................. ................. ............(868) ............(868) .............160 ............60<br />
92343V AM 6 VERIZON COMMUNICATIONS........................ ... 09/11/2008. FIRST BOSTON COR................ 12/16/2008. JP MORGAN.............................. ..............10,000 ...............9,899 ...............9,667 .............9,901 ..................... ..................2 ..................... ....................2 ................. ................. ............(234) ............(234) .............432 ..........275<br />
918204 AS 7 VF CORP NT...................................................... ... 04/23/2008. BANC OF AMERICA.................. 09/08/2008. JP MORGAN.............................. ................5,000 ...............4,999 ...............4,911 .............4,999 ..................... ..................... ..................... ....................0 ................. ................. ..............(88) ..............(88) .............269 ..........159<br />
929903 EF 5 WACHOVIA CORP CL A SER........................... ... 02/05/2008. WACHOVIA SECURIT............... 02/05/2008. DEUTSCHE BANK SE............... ................5,000 ...............5,000 ...............5,150 .............5,000 ..................... ..................... ..................... ....................0 ................. ................. ..............150 ..............150 .................... .................<br />
931142 CK 7 WAL-MART STORES INC NT........................... ... 01/23/2008. LEHMAN BROTHERS............... 02/04/2008. MORGAN STANLEY &.............. ................5,000 ...............5,039 ...............5,277 .............5,039 ..................... ..................... ..................... ....................0 ................. ................. ..............238 ..............238 .............147 ..........141<br />
947075 AC 1 WEATHERFORD INTL LTD GT........................ ... 06/20/2008. FIRST BOSTON COR................ 06/30/2008. VARIOUS................................... .........3,500,000 ........3,458,700 ........3,458,700 ......3,458,871 ..................... ..............171 ..................... ................171 ................. ................. ............(171) ............(171) ........49,068 .....45,063
E15.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 5<br />
Showing all Long-Term Bonds and Stocks ACQUIRED During Year and Fully DISPOSED OF During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 Change in Book/Adjusted Carrying Value 17 18 19 20 21<br />
F 12 13 14 15 16<br />
o Par Value Current Interest<br />
r (Bonds) Book/ Year's Total Foreign Realized Total and Paid for<br />
e or Adjusted Unrealized Current Other Than Total Foreign Exchange Gain Gain Dividends Accrued<br />
i Number of Carrying Valuation Year's Temporary Change in Exchange Gain (Loss) (Loss) Received Interest<br />
CUSIP g Date Disposal Shares Actual Value at Increase/ (Amortization)/ Impairment B./A.C.V. Change in (Loss) on on on During and<br />
Identification Description n Acquired Name of Vendor Date Name of Purchaser (Stock) Cost Consideration Disposal (Decrease) Accretion Recognized (12+13-14) B./A.C.V. Disposal Disposal Disposal Year Dividends<br />
947075 AE 7 WEATHERFORD INTL LTD GT........................ ... 03/19/2008. GOLDMAN SACHS &................ 05/12/2008. BANC OF AMERICA.................. ................5,000 ...............4,983 ...............5,383 .............4,983 ..................... ..................... ..................... ....................0 ................. ................. ..............400 ..............400 ...............49 .................<br />
949746 NY 3 WELLS FARGO & CO SR NT............................ ... 01/25/2008. SALOMON SMITH BA............... 05/12/2008. VARIOUS................................... ..............35,000 .............34,893 .............34,936 ...........34,898 ..................... ..................5 ..................... ....................5 ................. ................. ................38 ................38 .............381 .................<br />
949801 AA 2 WELLS FARGO CAP XV FXD........................... ... 09/03/2008. JP MORGAN.............................. 09/05/2008. VARIOUS................................... ..............20,000 .............20,000 .............20,200 ...........20,000 ..................... ..................... ..................... ....................0 ................. ................. ..............200 ..............200 .................... .................<br />
984121 BW 2 XEROX CORP SR NT....................................... ... 04/23/2008. BARCLAYS CAPITAL................ 05/28/2008. JP MORGAN.............................. ..............10,000 ...............9,986 ...............9,889 .............9,986 ..................... ..................... ..................... ....................0 ................. ................. ..............(97) ..............(97) ...............60 .................<br />
98385X AF 3 XTO ENERGY INC SR NT................................. ... 01/31/2008. WACHOVIA SECURIT............... 06/05/2008. BANC OF AMERICA.................. ..............10,000 ...............9,895 ...............9,667 .............9,899 ..................... ..................4 ..................... ....................4 ................. ................. ............(232) ............(232) .............181 ..............7<br />
98385X AG 1 XTO ENERGY INC SR NT................................. ... 02/14/2008. BEAR STEARNS........................ 03/06/2008. WACHOVIA SECURIT............... ................5,000 ...............4,996 ...............5,030 .............4,996 ..................... ..................... ..................... ....................0 ................. ................. ................34 ................34 ...............52 ............37<br />
98385X AP 1 XTO ENERGY INC SR NT................................. ... 09/11/2008. JP MORGAN.............................. 11/21/2008. JP MORGAN.............................. ..............10,000 ...............9,302 ...............8,456 .............9,311 ..................... ................10 ..................... ..................10 ................. ................. ............(855) ............(855) .............244 ..........139<br />
88579E AF 2 3M CO MTN....................................................... ... 10/27/2008. JP MORGAN.............................. 12/09/2008. WALL STREET........................... ..............30,000 .............29,949 .............31,516 ...........29,951 ..................... ..................2 ..................... ....................2 ................. ................. ...........1,565 ...........1,565 .............158 .................<br />
07387J AE 6 BEAR STEARNS COML MTG S....................... ... 04/18/2008. SOVEREIGN SECURI............... 04/24/2008. SOVEREIGN SECURI............... ..............25,000 .............24,539 .............25,163 ...........24,539 ..................... ..................... ..................... ....................0 ................. ................. ..............624 ..............624 .............115 ............90<br />
07388Y AE 2 BEAR STEARNS COML MTG S....................... ... 04/04/2008. JP MORGAN.............................. 05/02/2008. MERRILL LYNCH....................... ..............25,000 .............24,826 .............25,001 ...........24,827 ..................... ..................1 ..................... ....................1 ................. ................. ..............174 ..............174 .............144 ............32<br />
12619D AC 3 CNH EQUIP TR 07-A A3 AB.............................. ... 05/02/2008. CANTOR FITZGERAL............... 05/13/2008. VARIOUS................................... ..............20,000 .............20,131 .............20,167 ...........20,129 ..................... ................(3) ..................... ...................(3) ................. ................. ................38 ................38 ...............86 ............61<br />
708410 AC 9 PENN'S LANDING CDO SPV............................ ... 08/29/2008. TRANSFER................................ 09/24/2008. CALLED AT 100......................... .....250,000,000 ....250,000,000 ....250,000,000 ..250,000,000 ..................... ..................... ..................... ....................0 ................. ................. ..................... ..................0 ...2,501,771 1,863,021<br />
4599999. Total - Bonds - Industrial and Miscellaneous....................................... ................................................................................................................................. .....255,765,752 ....255,465,084 ....255,120,759 ..255,234,890 ..................0 ...........5,230 .......235,429 ........(230,199) ..............0 ..............0 .....(114,131) .....(114,131) ...2,600,804 1,913,414<br />
6099998. Total - Bonds........................................................................................ ................................................................................................................................. .....348,670,118 ....348,966,023 ....350,667,296 ..348,733,785 ..................0 ...........3,170 .......235,429 ........(232,259) ..............0 ..............0 ....1,933,511 ....1,933,511 ...3,620,777 2,174,662<br />
Preferred Stocks - Industrial and Miscellaneous<br />
026874 BR 7 AMERICAN INTL GROUP INC.......................... ... 05/13/2008. SALOMON SMITH BA............... 06/18/2008. LEHMAN BROTHERS............... .......10,000.000 .............10,000 ...............9,693 ...........10,000 ..................... ..................... ..................... ....................0 ................. ................. ............(307) ............(307) ...............75 .................<br />
6399999. Total - Preferred Stocks - Industrial and Miscellaneous...................... .............................................................................................................................................................. .............10,000 ...............9,693 ...........10,000 ..................0 ..................0 ..................0 ....................0 ..............0 ..............0 ............(307) ............(307) ...............75 ..............0<br />
6599998. Total - Preferred Stocks....................................................................... .......................................................................... .................................................... ........................... .............10,000 ...............9,693 ...........10,000 ..................0 ..................0 ..................0 ....................0 ..............0 ..............0 ............(307) ............(307) ...............75 ..............0<br />
Common Stocks - Industrial and Miscellaneous<br />
346091 70 5 FOREST OIL CORP........................................... ... 09/30/2008. JP MORGAN.............................. 10/01/2008. FIRST BOSTON COR................ .....137,443.000 ........7,031,584 ........6,312,818 ......7,031,584 ..................... ..................... ..................... ....................0 ................. ................. .....(718,766) .....(718,766) .................... .................<br />
667280 40 8 NORTHWEST AIRLINES CORP....................... ... 10/07/2008. DIRECT WITH COMP................ 10/16/2008. VARIOUS................................... ............176.000 .......................... ...............1,973 ....................... ..................... ..................... ..................... ....................0 ................. ................. ...........1,973 ...........1,973 .................... .................<br />
6899999. Total - Common Stocks - Industrial and Miscellaneous...................... .............................................................................................................................................................. ........7,031,584 ........6,314,791 ......7,031,584 ..................0 ..................0 ..................0 ....................0 ..............0 ..............0 .....(716,793) .....(716,793) .................0 ..............0<br />
7299998. Total - Common Stocks........................................................................ .............................................................................................................................................................. ........7,031,584 ........6,314,791 ......7,031,584 ..................0 ..................0 ..................0 ....................0 ..............0 ..............0 .....(716,793) .....(716,793) .................0 ..............0<br />
7399999. Total - Preferred and Common Stocks................................................ .............................................................................................................................................................. ........7,041,584 ........6,324,484 ......7,041,584 ..................0 ..................0 ..................0 ....................0 ..............0 ..............0 .....(717,100) .....(717,100) ...............75 ..............0<br />
7499999. Total - Bonds, Preferred and Common Stocks.................................... .............................................................................................................................................................. ....356,007,607 ....356,991,780 ..355,775,369 ..................0 ...........3,170 .......235,429 ........(232,259) ..............0 ..............0 ....1,216,411 ....1,216,411 ...3,620,852 2,174,662
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE D - PART 6 - SECTION 1<br />
Valuation of Shares of Subsidiary, Controlled or Affiliated Companies<br />
1 2 3 4 5 6 7 8 Stock of Such<br />
NAIC NAIC Valuation Do Insurer's <strong>Company</strong> Owned by<br />
<strong>Company</strong> Method Assets Include Insurer on Statement Date<br />
Code or Alien (See SVO Intangible Assets Total Amount 9 10<br />
CUSIP Description Insurer Purposes and Connected with of Such Book/Adjusted<br />
Identifi- Name of Subsidiary, Controlled or Identification Procedures Holding of Such Intangible Carrying Number of % of<br />
cation Affiliated <strong>Company</strong> Foreign Number Manual) <strong>Company</strong>'s Stock? Assets Value Shares Outstanding<br />
Common Stocks<br />
U.S. <strong>Life</strong> Insurer<br />
53378# 10 9 LINCOLN LIFE & ANNUITY CO O....................... ............ 62057.......... 3iiA.................. ...NO.................... NA.................... .........795,171,102 ........132,000.000 ........100.0<br />
96008# 10 6 WESTFIELD ASSIGNED BENEFIT..................... ............ ..................... 3iiB.................. ...NO.................... NA.................... .............................. ...............100.000 ........100.0<br />
475106 10 0 JEFFERSON STANDARD LIFE INS.................... ............ 94072.......... 3iiA.................. ...NO.................... NA.................... .............................. ........625,000.000 ........100.0<br />
53468@ 10 2 LINCOLN REINS CO OF SC II............................. ............ ..................... 3iiA.................. ...NO.................... NA.................... .............................. ........250,000.000 ........100.0<br />
53469* 10 3 LINCOLN REINS CO OF SC................................ ............ 13028.......... 3iiA.................. ...NO.................... NA.................... .............................. ........250,000.000 ........100.0<br />
1299999. Total - Common Stocks - U.S. <strong>Life</strong> Insurer........................................................................................................... .....................0 .........795,171,102 .........XXX............. ......XXX.....<br />
Investment Subsidiary<br />
53469# 10 9 LINCOLN REALTY CAPITAL CORP.................... ............ ..................... 3iiB.................. ...NO.................... NA.................... .............................. ............1,000.000 ........100.0<br />
53371# 10 6 LINCOLN INVESTMENT SOLUTION................... ............ ..................... 3iiB.................. ...NO.................... NA.................... .........342,685,052 ............1,000.000 ........100.0<br />
1699999. Total - Common Stocks - Investment Subsidiary................................................................................................. .....................0 .........342,685,052 .........XXX............. ......XXX.....<br />
Other Affiliates<br />
53355# 10 6 LINCOLN FINANCIAL ADVISORS....................... ............ ..................... 3iiB.................. ...NO.................... NA.................... ...........58,124,522 ............5,000.000 ........100.0<br />
53356@ 10 7 LINCOLN FINANCIAL DISTRIBUT....................... ............ ..................... 3iiB.................. ...NO.................... NA.................... .............8,465,264 ............8,000.000 ........100.0<br />
53356# 10 5 LINCOLN FINL SVCS & INS BRK........................ ............ ..................... 3iiB.................. ...NO.................... NA.................... .............................. .................80.000 ........100.0<br />
99LNAS 9A 6 LNC ADMINISTRATIVE SVCS COR.................... ............ ..................... 3iiB.................. ...NO.................... NA.................... .............1,827,363 ............1,000.000 ........100.0<br />
000000 00 0 CALIFORNIA FRINGE BENEFIT & INSURANCE MARKETING ............ ..................... CORPORATION 3iiB.................. ...NO.................... NA.................... .............................. ........300,000.000 ........100.0<br />
1799999. Total - Common Stocks - Other Affiliates............................................................................................................. .....................0 ...........68,417,149 .........XXX............. ......XXX.....<br />
1899999. Total - Common Stocks........................................................................................................................................ .....................0 ......1,206,273,303 .........XXX............. ......XXX.....<br />
1999999. Total - Preferred and Common Stock................................................................................................................... .....................0 ......1,206,273,303 .........XXX............. ......XXX.....<br />
1. Amount of insurer's capital and surplus from the prior period's statutory statement reduced by any admitted EDP, goodwill and net deferred tax assets included therein: $..........0.<br />
2. Total amount of intangible assets nonadmitted $..........0.<br />
SCHEDULE D - PART 6 - SECTION 2<br />
1 2 3 4 Stock in Lower-Tier <strong>Company</strong> Owned<br />
Total Amount of Indirectly by Insurer on Statement Date<br />
Name of <strong>Company</strong> Listed in Intangible Assets 5 6<br />
CUSIP Section 1 Included in<br />
Identifi- Which Controls Lower-Tier Amount Shown in<br />
cation Name of Lower-Tier <strong>Company</strong> <strong>Company</strong> Column 7, Section 1 Number of Shares % of Outstanding<br />
E16
E17<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DA - PART 1<br />
Showing all SHORT-TERM INVESTMENTS Owned December 31 of Current Year<br />
1 Codes 4 5 6 7 Change in Book/Adjusted Carrying Value 12 13 Interest 20<br />
2 3 8 9 10 11 14 15 16 17 18 19<br />
F<br />
Amount<br />
o Current Due and<br />
r Year's Total Accrued<br />
e Book/ Unrealized Current Other Than Foreign December 31 Non- Amount<br />
i Adjusted Valuation Year's Temporary Exchange of Current Admitted Received Paid for<br />
g Date Maturity Carrying Increase/ (Amortization)/ Impairment Change in Par Actual Year on Bond Due and Effective When During Accrued<br />
Description Code n Acquired Name of Vendor Date Value (Decrease) Accretion Recognized B./A.C.V. Value Cost Not in Default Accrued Rate of Rate of Paid Year Interest<br />
U.S. Government Bonds - Issuer Obligations<br />
FEDERAL HOME LN BK........................................................ ........ .... .12/04/2008 VARIOUS.................................................... 01/07/2009. ............7,393,209 ......................... ......................... ......................... ......................... ............7,400,000 ............7,393,209 ...............5,943 ......................... .....0.688 .....0.688 MAT.. ...................... ......................<br />
FEDERAL HOME LN BK........................................................ ........ .... .12/09/2008 BARCLAYS CAPITAL................................. 01/26/2009. ............1,145,862 ......................... ......................... ......................... ......................... ............1,146,000 ............1,145,862 ....................66 ......................... .....0.090 .....0.090 MAT.. ...................... ......................<br />
FEDERAL HOME LN MTG CORP......................................... ........ .... .10/02/2008 MERRILL LYNCH........................................ 01/05/2009. ..........13,898,107 ......................... ......................... ......................... ......................... ..........14,000,000 ..........13,898,107 .............97,603 ......................... .....2.758 .....2.758 MAT.. ...................... ......................<br />
FEDERAL HOME LN MTG CORP......................................... ........ .... .10/24/2008 BANC OF AMERICA SECU........................ 01/28/2009. ..........14,910,800 ......................... ......................... ......................... ......................... ..........15,000,000 ..........14,910,800 .............64,113 ......................... .....2.230 .....2.230 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/15/2008 VARIOUS.................................................... 01/05/2009. ............6,598,124 ......................... ......................... ......................... ......................... ............6,600,000 ............6,598,124 ...............1,656 ......................... .....0.300 .....0.300 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/02/2008 JP MORGAN SECURITIES........................ 01/09/2009. ............1,999,156 ......................... ......................... ......................... ......................... ............2,000,000 ............1,999,156 ..................667 ......................... .....0.400 .....0.400 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/24/2008 VARIOUS.................................................... 01/12/2009. ..........39,901,994 ......................... ......................... ......................... ......................... ..........39,905,000 ..........39,901,994 ...............1,975 ......................... .....0.084 .....0.084 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/18/2008 VARIOUS.................................................... 01/13/2009. ............5,091,589 ......................... ......................... ......................... ......................... ............5,092,000 ............5,091,589 ..................252 ......................... .....0.094 .....0.094 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/08/2008 VARIOUS.................................................... 01/14/2009. ............4,058,578 ......................... ......................... ......................... ......................... ............4,060,000 ............4,058,578 ..................984 ......................... .....0.298 .....0.298 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/15/2008 VARIOUS.................................................... 01/15/2009. ............4,996,123 ......................... ......................... ......................... ......................... ............5,000,000 ............4,996,123 ...............2,889 ......................... .....0.507 .....0.507 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/10/2008 VARIOUS.................................................... 01/16/2009. ............1,679,368 ......................... ......................... ......................... ......................... ............1,680,000 ............1,679,368 ..................413 ......................... .....0.313 .....0.313 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/15/2008 VARIOUS.................................................... 01/20/2009. ............1,549,027 ......................... ......................... ......................... ......................... ............1,550,000 ............1,549,027 ..................654 ......................... .....0.390 .....0.390 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/26/2008 VARIOUS.................................................... 01/21/2009. ............1,499,625 ......................... ......................... ......................... ......................... ............1,500,000 ............1,499,625 ..................181 ......................... .....0.233 .....0.233 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/04/2008 HSBC SECURITIES INC............................ 01/22/2009. ...............469,744 ......................... ......................... ......................... ......................... ...............470,000 ...............469,744 ..................146 ......................... .....0.400 .....0.400 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/17/2008 VARIOUS.................................................... 01/23/2009. ............2,624,565 ......................... ......................... ......................... ......................... ............2,625,000 ............2,624,565 ..................217 ......................... .....0.136 .....0.136 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/17/2008 VARIOUS.................................................... 01/28/2009. ..........10,198,693 ......................... ......................... ......................... ......................... ..........10,200,000 ..........10,198,693 ..................489 ......................... .....0.106 .....0.106 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/01/2008 MORGAN STANLEY & CO......................... 01/30/2009. ...............149,850 ......................... ......................... ......................... ......................... ...............150,000 ...............149,850 ....................78 ......................... .....0.600 .....0.600 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/19/2008 VARIOUS.................................................... 02/06/2009. ............6,248,770 ......................... ......................... ......................... ......................... ............6,250,000 ............6,248,770 ..................350 ......................... .....0.140 .....0.140 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/17/2008 GOLDMAN SACHS & COMP..................... 02/10/2009. ..........74,988,542 ......................... ......................... ......................... ......................... ..........75,000,000 ..........74,988,542 ...............3,125 ......................... .....0.100 .....0.100 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/17/2008 MORGAN STANLEY & CO......................... 02/13/2009. ...............999,839 ......................... ......................... ......................... ......................... ............1,000,000 ...............999,839 ....................42 ......................... .....0.100 .....0.100 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/17/2008 MERRILL LYNCH........................................ 02/17/2009. ...............499,897 ......................... ......................... ......................... ......................... ...............500,000 ...............499,897 ....................25 ......................... .....0.120 .....0.120 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/31/2008 BARCLAYS CAPITAL................................. 03/19/2009. ..........74,995,125 ......................... ......................... ......................... ......................... ..........75,000,000 ..........74,995,125 ......................... ......................... .....0.030 .....0.030 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/30/2008 BANC OF AMERICA SECU........................ 03/25/2009. ..........24,155,436 ......................... ......................... ......................... ......................... ..........24,160,000 ..........24,155,436 ..................107 ......................... .....0.030 .....0.080 MAT.. ...................... ......................<br />
FEDERAL HOME LOAN BANK.............................................. ........ .... .12/29/2008 GREENWICH CAPITAL MA....................... 04/06/2009. ........102,232,667 ......................... ......................... ......................... ......................... ........102,280,000 ........102,232,667 ...............1,449 ......................... .....0.170 .....0.170 MAT.. ...................... ......................<br />
FEDERAL NATL MTG ASSN................................................. ........ .... .10/06/2008 FIRST BOSTON CORP.............................. 01/20/2009. ...............894,700 ......................... ......................... ......................... ......................... ...............900,000 ...............894,700 ...............4,350 ......................... .....2.000 .....2.000 MAT.. ...................... ......................<br />
FEDERAL NATL MTG ASSN................................................. ........ .... .10/16/2008 MORGAN STANLEY & CO......................... 04/15/2009. ..........23,498,142 ......................... ......................... ......................... ......................... ..........23,858,000 ..........23,498,142 ...........153,089 ......................... .....3.000 .....3.000 MAT.. ...................... ......................<br />
0199999. U.S. Government Bonds - Issuer Obligations.............................................................................................................................................. ........426,677,532 ......................0 ......................0 ......................0 ......................0 ........427,326,000 ........426,677,532 ...........340,863 ......................0 ...XXX..... ...XXX..... ..XXX. ...................0 ...................0<br />
0399999. Total - U.S. Government Bonds................................................................................................................................................................... ........426,677,532 ......................0 ......................0 ......................0 ......................0 ........427,326,000 ........426,677,532 ...........340,863 ......................0 ...XXX..... ...XXX..... ..XXX. ...................0 ...................0<br />
Bonds - Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations<br />
BLACKROCK LIQUIDITY TEMP FUND IN............................ ........ .... .12/31/2008 BANK OF NEW YORK................................ 12/31/2010. ..........25,000,000 ......................... ......................... ......................... ......................... ..........25,000,000 ..........25,000,000 ......................... ......................... .....2.750 .....2.750 MON. ...................... ......................<br />
BP CAPITAL MARKETS PLC................................................ ........ .... .12/02/2008 GOLDMAN SACHS & COMP..................... 03/16/2009. ..........34,898,889 ......................... ......................... ......................... ......................... ..........35,000,000 ..........34,898,889 .............29,167 ......................... .....1.000 .....1.000 MAT.. ...................... ......................<br />
CHASE BANK USA NA.......................................................... ........ .... .12/30/2008 JP MORGAN SECURITIES........................ 03/30/2009. ..........25,000,000 ......................... ......................... ......................... ......................... ..........25,000,000 ..........25,000,000 ..................556 ......................... .....0.400 .....0.400 MAT.. ...................... ......................<br />
DEUTSCHE CASH RESERVE INSTL MMFD....................... ........ .... .12/31/2008 BANK OF NEW YORK................................ 12/31/2010. ..........55,000,000 ......................... ......................... ......................... ......................... ..........55,000,000 ..........55,000,000 ......................... ......................... .....2.500 .....2.500 MON. ...................... ......................<br />
DREYFUS TREAS CSH MGMT OVERNIGHT...................... ........ .... .12/31/2008 DIRECT WITH COMPANY......................... 05/31/2010. ............4,048,021 ......................... ......................... ......................... ......................... ............4,048,021 ............4,048,021 ...............6,635 ......................... .....4.240 .....4.240 MON. ............7,434 ......................<br />
EMORY UNIVERSITY............................................................ ........ .... .12/23/2008 JP MORGAN SECURITIES........................ 04/07/2009. ..........21,000,000 ......................... ......................... ......................... ......................... ..........21,000,000 ..........21,000,000 ...............8,167 ......................... .....1.400 .....1.400 MAT.. ...................... ...............803<br />
JP MORGAN INSTL PRIME MM FUND................................ ........ .... .12/29/2008 BANK OF NEW YORK................................ 12/31/2010. ..........39,700,000 ......................... ......................... ......................... ......................... ..........39,700,000 ..........39,700,000 .............38,746 ......................... .....4.250 .....4.250 MAT.. ...................... ......................<br />
LNC SHORT TERM CASH MGMT ACCOUNT...................... ........ .... .12/31/2008 VARIOUS.................................................... 12/30/2009. ........355,631,454 ......................... ......................... ......................... ......................... ........355,631,456 ........355,631,456 ......................... ......................... .....0.340 .....0.340 MON. .....8,601,393 ......................<br />
PROCTER & GAMBLE CO.................................................... ........ .... .12/01/2008 GOLDMAN SACHS & COMP..................... 03/03/2009. ..........13,347,802 ......................... ......................... ......................... ......................... ..........13,382,000 ..........13,347,802 .............11,523 ......................... .....1.000 .....1.000 MAT.. ...................... ......................<br />
SHELL INTL FINANCE BV..................................................... ........ .... .12/03/2008 JP MORGAN SECURITIES........................ 04/15/2009. ..........24,852,222 ......................... ......................... ......................... ......................... ..........25,000,000 ..........24,852,222 .............32,222 ......................... .....1.600 .....1.600 MAT.. ...................... ......................<br />
UNILEVER CAPITAL CORP.................................................. ........ .... .12/03/2008 JP MORGAN SECURITIES........................ 03/09/2009. ..........29,896,000 ......................... ......................... ......................... ......................... ..........30,000,000 ..........29,896,000 .............31,417 ......................... .....1.300 .....1.300 MAT.. ...................... ......................<br />
YALE UNIVERSITY................................................................ ........ .... .11/10/2008 GOLDMAN SACHS & COMP..................... 02/12/2009. ............6,964,724 ......................... ......................... ......................... ......................... ............7,000,000 ............6,964,724 .............19,514 ......................... .....1.930 .....1.930 MAT.. ...................... ......................<br />
3999999. Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations.................................................................................................................. ........635,339,112 ......................0 ......................0 ......................0 ......................0 ........635,761,477 ........635,339,114 ...........177,947 ......................0 ...XXX..... ...XXX..... ..XXX. .....8,608,827 ...............803<br />
4599999. Total - Industrial and Miscellaneous (Unaffiliated)....................................................................................................................................... ........635,339,112 ......................0 ......................0 ......................0 ......................0 ........635,761,477 ........635,339,114 ...........177,947 ......................0 ...XXX..... ...XXX..... ..XXX. .....8,608,827 ...............803<br />
Total Bonds<br />
5499999. Subtotals - Issuer Obligations...................................................................................................................................................................... .....1,062,016,644 ......................0 ......................0 ......................0 ......................0 .....1,063,087,477 .....1,062,016,646 ...........518,810 ......................0 ...XXX..... ...XXX..... ..XXX. .....8,608,827 ...............803<br />
6099999. Subtotals - Bonds......................................................................................................................................................................................... .....1,062,016,644 ......................0 ......................0 ......................0 ......................0 .....1,063,087,477 .....1,062,016,646 ...........518,810 ......................0 ...XXX..... ...XXX..... ..XXX. .....8,608,827 ...............803<br />
8299999. Total - Short-Term Investments................................................................................................................................................................... .....1,062,016,644 ......................0 ......................0 ......................0 ......................0 ............XXX.......... .....1,062,016,646 ...........518,810 ......................0 ...XXX..... ...XXX..... ..XXX. .....8,608,827 ...............803
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
Call Options - Hedging<br />
S&P 500 Call Option............................................................. .......4,234,533 .01/01/2009. ...........................................1,416.6 .01/03/2007. JP Morgan Chase Bank N.A....... ................276,938 ................276,938 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........173,266 .01/01/2009. .........................................1,468.36 .01/02/2008. Barclays Capital Inc..................... ..................15,601 ..................15,601 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........916,257 .01/01/2009. .........................................1,520.05 .01/02/2008. Barclays Capital Inc..................... ..................26,882 ..................26,882 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,451,039 .01/01/2009. ...........................................1,500.7 .01/02/2008. Barclays Capital Inc..................... ..................61,669 ..................61,669 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....20,042,456 .01/01/2009. .........................................1,447.16 .01/02/2008. Barclays Capital Inc..................... ................713,511 ................713,511 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,395,613 .01/01/2009. .........................................1,447.16 .01/02/2008. Barclays Capital Inc..................... ................129,712 ................129,712 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,078,483 .01/01/2009. .........................................1,447.16 .01/02/2008. Societe Generale......................... ................155,798 ................155,798 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,419,857 .01/01/2009. .........................................1,540.02 .01/02/2008. Sun Trust Bank............................ ..................72,693 ..................72,693 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,132,272 .01/01/2009. ...........................................1,416.6 .09/17/2008. BNP Paribas................................ ..................18,327 ..................18,327 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........272,445 .01/04/2009. .........................................1,495.62 .01/08/2008. Wachovia Capital Markets LLC... ....................7,172 ....................7,172 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,378,938 .01/08/2009. .........................................1,412.84 .01/08/2007. Merrill Lynch International........... ................446,526 ................446,526 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,181,871 .01/08/2009. .........................................1,412.84 .01/08/2007. Sun Trust Bank............................ ................140,731 ................140,731 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,136,542 .01/08/2009. .........................................1,390.19 .01/08/2008. BNP Paribas................................ ..................81,616 ..................81,616 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........949,055 .01/08/2009. .........................................1,472.91 .01/08/2008. Credit Suisse International.......... ..................30,749 ..................30,749 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,062,541 .01/08/2009. .........................................1,390.19 .01/08/2008. Morgan Stanley & Co International ................417,364 PLC<br />
................417,364 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,351,340 .01/08/2009. .........................................1,390.19 .01/08/2008. Morgan Stanley & Co International ..................82,297 PLC<br />
..................82,297 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............39,229 .01/08/2009. .........................................1,390.19 .01/08/2008. Wachovia Capital Markets LLC... ....................3,919 ....................3,919 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........516,780 .01/08/2009. .........................................1,459.42 .01/08/2008. Wachovia Capital Markets LLC... ..................14,573 ..................14,573 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........868,497 .01/08/2009. .........................................1,437.04 .01/08/2008. Wachovia Capital Markets LLC... ..................37,953 ..................37,953 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........268,996 .01/11/2009. .........................................1,484.38 .01/15/2008. Wachovia Capital Markets LLC... ....................7,068 ....................7,068 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,695,501 .01/15/2009. ...........................................1,431.9 .01/16/2007. JP Morgan Chase Bank N.A./Bear ................412,924 Stearns International ................412,924 Ltd<br />
........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,328,445 .01/15/2009. ...........................................1,431.9 .01/16/2007. JP Morgan Chase Bank N.A....... ................153,677 ................153,677 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,831,917 .01/15/2009. .........................................1,423.21 .01/15/2008. Barclays Capital Inc..................... ..................83,169 ..................83,169 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,320,467 .01/15/2009. .........................................1,380.95 .01/15/2008. Barclays Capital Inc..................... ................572,848 ................572,848 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,127,494 .01/15/2009. .........................................1,380.95 .01/15/2008. Credit Suisse International.......... ................111,026 ................111,026 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,459,749 .01/15/2009. .........................................1,463.12 .01/15/2008. Societe Generale......................... ..................80,434 ..................80,434 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,232,193 .01/15/2009. .........................................1,380.95 .01/15/2008. Societe Generale......................... ................169,288 ................169,288 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........104,858 .01/15/2009. .........................................1,380.95 .01/15/2008. Wachovia Capital Markets LLC... ..................10,444 ..................10,444 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........250,025 .01/15/2009. .........................................1,449.31 .01/15/2008. Wachovia Capital Markets LLC... ....................7,226 ....................7,226 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,535,895 .01/18/2009. .........................................1,404.04 .02/01/2008. Sun Trust Bank............................ ..................81,512 ..................81,512 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........809,334 .01/22/2009. .........................................1,422.95 .01/22/2007. Bank of New York........................ ..................56,653 ..................56,653 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,778,688 .01/22/2009. .........................................1,422.95 .02/01/2007. Societe Generale......................... ................132,512 ................132,512 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,763,770 .01/22/2009. ...........................................1,310.5 .01/22/2008. BNP Paribas................................ ................411,732 ................411,732 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,405,609 .01/22/2009. ...........................................1,310.5 .01/22/2008. BNP Paribas................................ ................126,348 ................126,348 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,322,502 .01/22/2009. ...........................................1,310.5 .01/22/2008. Credit Suisse International.......... ................113,297 ................113,297 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............52,395 .01/22/2009. ...........................................1,310.5 .01/22/2008. Wachovia Capital Markets LLC... ....................5,349 ....................5,349 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........582,263 .01/22/2009. .........................................1,375.37 .01/22/2008. Wachovia Capital Markets LLC... ..................17,584 ..................17,584 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,097,986 .01/22/2009. .........................................1,356.11 .01/22/2008. Wachovia Capital Markets LLC... ..................51,605 ..................51,605 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,954,691 .01/22/2009. .........................................1,388.47 .01/22/2008. Wachovia Capital Markets LLC... ..................68,219 ..................68,219 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,186,463 .01/22/2009. .........................................1,422.95 .09/17/2008. BNP Paribas................................ ..................13,798 ..................13,798 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,228,401 .02/01/2009. .........................................1,445.94 .02/01/2007. JP Morgan Chase Bank N.A./Bear ................683,825 Stearns International ................683,825 Ltd<br />
........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,213,541 .02/01/2009. .........................................1,445.94 .02/01/2007. Sun Trust Bank............................ ................338,880 ................338,880 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,294,857 .02/01/2009. .........................................1,480.54 .02/01/2008. BNP Paribas................................ ..................32,889 ..................32,889 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,130,061 .02/01/2009. .........................................1,395.42 .02/01/2008. Credit Suisse International.......... ................103,292 ................103,292 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........118,965 .02/01/2009. .........................................1,395.42 .02/01/2008. Sun Trust Bank............................ ..................10,885 ..................10,885 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........318,909 .02/01/2009. .........................................1,464.49 .02/01/2008. Sun Trust Bank............................ ....................9,057 ....................9,057 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........456,302 .02/01/2009. ...........................................1,492.4 .02/08/2008. Barclays Capital Inc..................... ....................6,000 ....................6,000 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,518,466 .02/01/2009. .........................................1,395.42 .09/17/2008. BNP Paribas................................ ..................16,692 ..................16,692 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,415,827 .02/01/2009. .........................................1,465.05 .09/17/2008. BNP Paribas................................ ....................1,766 ....................1,766 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....25,230,845 .02/01/2009. .........................................1,395.42 .09/17/2008. Societe Generale......................... ................225,289 ................225,289 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,997,898 .02/08/2009. .........................................1,448.31 .02/08/2007. Barclays Capital Inc..................... ................191,566 ................191,566 ........ .............................. .............................. .............................. .............................. ..............................<br />
E18
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. .......7,098,466 .02/08/2009. .........................................1,448.31 .02/08/2007. Sun Trust Bank............................ ................506,830 ................506,830 ........ ...........................0 ...........................0 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........115,641 .02/08/2009. .........................................1,331.29 .02/08/2008. Barclays Capital Inc..................... ..................11,506 ..................11,506 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........793,463 .02/08/2009. .........................................1,397.19 .02/08/2008. Barclays Capital Inc..................... ..................23,725 ..................23,725 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,111,543 .02/08/2009. .........................................1,401.32 .02/08/2008. Barclays Capital Inc..................... ..................77,071 ..................77,071 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,553,893 .02/08/2009. .........................................1,423.81 .02/08/2008. Barclays Capital Inc..................... ..................76,361 ..................76,361 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,734,107 .02/08/2009. .........................................1,331.29 .02/08/2008. Credit Suisse International.......... ..................90,226 ..................90,226 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,884,128 .02/08/2009. .........................................1,331.29 .02/08/2008. Merrill Lynch International........... ................178,759 ................178,759 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........449,976 .02/08/2009. .........................................1,423.81 .02/15/2008. Wachovia Capital Markets LLC... ..................14,933 ..................14,933 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,938,359 .02/08/2009. .........................................1,331.29 .09/17/2008. Societe Generale......................... ................228,123 ................228,123 ........ ...........................5 ...........................5 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,455,596 .02/15/2009. .........................................1,456.81 .02/15/2007. Societe Generale......................... ................535,312 ................535,312 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,018,031 .02/15/2009. .........................................1,411.82 .02/15/2008. Bank of New York........................ ..................39,194 ..................39,194 ........ ...........................4 ...........................4 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,679,554 .02/15/2009. .........................................1,349.99 .02/15/2008. Bank of New York........................ ................139,823 ................139,823 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,385,182 .02/15/2009. .........................................1,349.99 .02/15/2008. Credit Suisse International.......... ................142,957 ................142,957 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............98,199 .02/15/2009. .........................................1,349.99 .02/15/2008. Wachovia Capital Markets LLC... ....................9,584 ....................9,584 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........248,339 .02/15/2009. .........................................1,416.81 .02/15/2008. Wachovia Capital Markets LLC... ....................7,252 ....................7,252 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,906,484 .02/15/2009. .........................................1,443.81 .02/15/2008. Wachovia Capital Markets LLC... ..................53,382 ..................53,382 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........419,847 .02/15/2009. .........................................1,443.81 .02/22/2008. Barclays Capital Inc..................... ..................10,947 ..................10,947 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,069,697 .02/15/2009. .........................................1,456.81 .09/17/2008. Societe Generale......................... ....................4,967 ....................4,967 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....15,267,014 .02/15/2009. .........................................1,349.99 .09/17/2008. Societe Generale......................... ................211,365 ................211,365 ........ ...........................9 ...........................9 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,558,612 .02/22/2009. .........................................1,456.38 .02/22/2007. JP Morgan Chase Bank N.A./Bear ................163,751 Stearns International ................163,751 Ltd<br />
........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,361,538 .02/22/2009. .........................................1,456.38 .02/22/2007. BNP Paribas................................ ................532,239 ................532,239 ........ .......................452 .......................452 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........100,446 .02/22/2009. .........................................1,353.11 .02/22/2008. Barclays Capital Inc..................... ....................9,783 ....................9,783 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........379,838 .02/22/2009. .........................................1,420.09 .02/22/2008. Barclays Capital Inc..................... ..................10,901 ..................10,901 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,179,497 .02/22/2009. .........................................1,353.11 .02/22/2008. Credit Suisse International.......... ..................72,577 ..................72,577 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........659,616 .02/22/2009. .........................................1,423.07 .02/22/2008. JP Morgan Chase Bank N.A....... ..................22,823 ..................22,823 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,272,029 .02/22/2009. .........................................1,447.02 .02/22/2008. JP Morgan Chase Bank N.A....... ..................35,108 ..................35,108 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....15,090,845 .02/22/2009. .........................................1,353.11 .02/22/2008. Morgan Stanley & Co International ................517,616 PLC<br />
................517,616 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........525,007 .02/22/2009. .........................................1,447.15 .03/03/2008. Wachovia Capital Markets LLC... ..................10,984 ..................10,984 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,475,389 .02/22/2009. .........................................1,353.11 .09/17/2008. BNP Paribas................................ ..................31,926 ..................31,926 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,376,317 .03/01/2009. .........................................1,403.17 .03/01/2007. Bank of New York........................ ................325,267 ................325,267 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,228,579 .03/01/2009. .........................................1,403.17 .03/01/2007. Merrill Lynch International........... ................636,772 ................636,772 ........ ...........................8 ...........................8 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,195,278 .03/01/2009. .........................................1,331.34 .03/03/2008. Credit Suisse International.......... ................107,681 ................107,681 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,430,688 .03/01/2009. .........................................1,331.34 .03/03/2008. Merrill Lynch International........... ................601,359 ................601,359 ........ .......................219 .......................219 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............49,233 .03/01/2009. .........................................1,330.63 .03/03/2008. Wachovia Capital Markets LLC... ....................4,658 ....................4,658 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........687,936 .03/01/2009. ...........................................1,396.5 .03/03/2008. Wachovia Capital Markets LLC... ..................19,506 ..................19,506 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,014,668 .03/01/2009. .........................................1,331.34 .09/17/2008. BNP Paribas................................ ..................48,791 ..................48,791 ........ .........................12 .........................12 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,353,617 .03/01/2009. .........................................1,400.04 .09/17/2008. BNP Paribas................................ ....................3,335 ....................3,335 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,488,975 .03/01/2009. .........................................1,423.11 .09/17/2008. BNP Paribas................................ ....................3,972 ....................3,972 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,237,573 .03/08/2009. .........................................1,401.89 .03/08/2007. JP Morgan Chase Bank N.A....... ................255,949 ................255,949 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,797,310 .03/08/2009. .........................................1,401.89 .03/08/2007. Sun Trust Bank............................ ................548,931 ................548,931 ........ .......................256 .......................256 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........125,457 .03/08/2009. .........................................1,293.37 .03/10/2008. Barclays Capital Inc..................... ..................11,415 ..................11,415 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........522,521 .03/08/2009. .........................................1,357.39 .03/10/2008. Barclays Capital Inc..................... ..................13,811 ..................13,811 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,943,152 .03/08/2009. .........................................1,273.37 .03/10/2008. Barclays Capital Inc..................... ................591,316 ................591,316 ........ ....................1,305 ....................1,305 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,437,995 .03/08/2009. .........................................1,273.37 .03/10/2008. Credit Suisse International.......... ..................81,429 ..................81,429 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,107,276 .03/08/2009. ...........................................1,339.2 .03/10/2008. JP Morgan Chase Bank N.A....... ..................42,962 ..................42,962 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,022,606 .03/08/2009. .........................................1,383.26 .03/10/2008. Morgan Stanley & Co International ..................78,897 PLC<br />
..................78,897 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,843,706 .03/08/2009. .........................................1,273.37 .09/17/2008. BNP Paribas................................ ..................77,184 ..................77,184 ........ .......................127 .......................127 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,690,068 .03/15/2009. .........................................1,392.28 .03/15/2007. Bank of New York........................ ................283,749 ................283,749 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,239,007 .03/15/2009. .........................................1,392.28 .03/15/2007. Merrill Lynch International........... ................641,186 ................641,186 ........ .......................112 .......................112 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,390,416 .03/15/2009. .........................................1,332.13 .03/17/2008. Barclays Capital Inc..................... ..................61,456 ..................61,456 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....20,728,997 .03/15/2009. ...........................................1,276.6 .03/17/2008. Barclays Capital Inc..................... ................698,567 ................698,567 ........ ....................2,715 ....................2,715 .............................. .............................. ..............................<br />
E18.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. .......5,232,480 .03/15/2009. ...........................................1,276.6 .03/17/2008. Barclays Capital Inc..................... ................201,974 ................201,974 ........ .......................330 .......................330 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,553,449 .03/15/2009. ...........................................1,276.6 .03/17/2008. Credit Suisse International.......... ..................84,519 ..................84,519 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........253,764 .03/15/2009. .........................................1,288.14 .03/17/2008. Sun Trust Bank............................ ..................24,306 ..................24,306 ........ .........................40 .........................40 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........529,426 .03/15/2009. ...........................................1,351.9 .03/17/2008. Sun Trust Bank............................ ..................15,626 ..................15,626 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,508,009 .03/15/2009. .........................................1,375.99 .03/17/2008. Sun Trust Bank............................ ..................76,576 ..................76,576 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........431,491 .03/17/2009. .........................................1,365.32 .03/24/2008. BNP Paribas................................ ..................24,654 ..................24,654 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,695,775 .03/22/2009. .........................................1,434.54 .03/22/2007. Barclays Capital Inc..................... ................293,016 ................293,016 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,962,532 .03/22/2009. .........................................1,434.54 .03/22/2007. Sun Trust Bank............................ ................505,480 ................505,480 ........ .......................635 .......................635 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............86,418 .03/22/2009. .........................................1,329.51 .03/24/2008. BNP Paribas................................ ....................9,227 ....................9,227 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........574,348 .03/22/2009. .........................................1,395.45 .03/24/2008. BNP Paribas................................ ..................19,462 ..................19,462 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,594,197 .03/22/2009. ...........................................1,419.4 .03/24/2008. BNP Paribas................................ ..................55,956 ..................55,956 ........ ...........................3 ...........................3 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....18,148,055 .03/22/2009. .........................................1,349.88 .03/24/2008. BNP Paribas................................ ................647,886 ................647,886 ........ .......................842 .......................842 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,088,233 .03/22/2009. .........................................1,349.88 .03/24/2008. Credit Suisse International.......... ................104,073 ................104,073 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,751,866 .03/22/2009. .........................................1,349.88 .09/17/2008. BNP Paribas................................ ..................42,358 ..................42,358 ........ .........................77 .........................77 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,916,945 .03/22/2009. .........................................1,419.65 .09/17/2008. BNP Paribas................................ ....................5,134 ....................5,134 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........472,164 .03/28/2009. .........................................1,406.63 .04/01/2008. Bank of New York........................ ..................21,159 ..................21,159 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,511,381 .04/01/2009. .........................................1,424.55 .04/02/2007. JP Morgan Chase Bank N.A./Bear ................702,891 Stearns International ................702,891 Ltd<br />
........ .........................10 .........................10 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,836,147 .04/01/2009. .........................................1,424.55 .04/02/2007. Sun Trust Bank............................ ................440,248 ................440,248 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........197,031 .04/01/2009. .........................................1,370.18 .04/01/2008. Bank of New York........................ ..................18,718 ..................18,718 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........423,528 .04/01/2009. .............................................1,438. .04/01/2008. Bank of New York........................ ..................12,071 ..................12,071 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,311,576 .04/01/2009. .........................................1,370.18 .04/01/2008. Bank of New York........................ ................194,935 ................194,935 ........ .......................424 .......................424 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....33,607,524 .04/01/2009. .........................................1,370.18 .04/01/2008. Credit Suisse International.......... .............1,179,624 .............1,179,624 ........ ....................3,189 ....................3,189 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,860,209 .04/01/2009. .........................................1,370.18 .04/01/2008. Credit Suisse International.......... ..................98,677 ..................98,677 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,835,364 .04/01/2009. .........................................1,441.29 .09/17/2008. BNP Paribas................................ ....................2,398 ....................2,398 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,705,698 .04/01/2009. ...........................................1,461.3 .09/17/2008. BNP Paribas................................ ....................3,436 ....................3,436 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........819,499 .04/04/2009. ...........................................1,462.9 .04/08/2008. Sun Trust Bank............................ ..................19,714 ..................19,714 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,740,014 .04/08/2009. .........................................1,444.61 .04/09/2007. Bank of New York........................ ................176,183 ................176,183 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,923,798 .04/08/2009. .........................................1,444.61 .04/09/2007. Bank of New York........................ ................512,361 ................512,361 ........ .........................42 .........................42 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,130,296 .04/08/2009. .........................................1,365.54 .04/08/2008. Barclays Capital Inc..................... ................115,621 ................115,621 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........862,619 .04/08/2009. .........................................1,435.87 .04/08/2008. Merrill Lynch International........... ..................27,604 ..................27,604 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,083,021 .04/08/2009. .........................................1,455.26 .04/08/2008. Merrill Lynch International........... ..................55,617 ..................55,617 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,928,090 .04/08/2009. .........................................1,365.54 .04/08/2008. Morgan Stanley & Co International ................494,447 PLC<br />
................494,447 ........ ....................1,393 ....................1,393 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........122,485 .04/08/2009. .........................................1,365.54 .04/08/2008. Sun Trust Bank............................ ..................11,207 ..................11,207 ........ .........................26 .........................26 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........378,798 .04/08/2009. ...........................................1,430.4 .04/08/2008. Sun Trust Bank............................ ..................10,417 ..................10,417 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,424,319 .04/08/2009. .........................................1,365.54 .04/08/2008. Sun Trust Bank............................ ................126,700 ................126,700 ........ .......................143 .......................143 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........318,546 .04/11/2009. ...........................................1,422.8 .04/15/2008. Barclays Capital Inc..................... ....................9,044 ....................9,044 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........328,095 .04/14/2009. .........................................1,417.98 .04/15/2008. Barclays Capital Inc..................... ....................9,947 ....................9,947 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,367,537 .04/15/2009. .........................................1,468.47 .04/16/2007. JP Morgan Chase Bank N.A./Bear ................547,408 Stearns International ................547,408 Ltd<br />
........ ...........................8 ...........................8 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,762,342 .04/15/2009. .........................................1,468.47 .04/16/2007. Morgan Stanley & Co International ................295,265 PLC<br />
................295,265 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,460,327 .04/15/2009. .........................................1,334.43 .04/15/2008. Bank of New York........................ ................169,492 ................169,492 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........129,126 .04/15/2009. .........................................1,334.43 .04/15/2008. Barclays Capital Inc..................... ..................12,848 ..................12,848 ........ .........................14 .........................14 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........424,350 .04/15/2009. .........................................1,397.82 .04/15/2008. Barclays Capital Inc..................... ..................12,603 ..................12,603 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,570,209 .04/15/2009. .........................................1,334.43 .04/15/2008. Barclays Capital Inc..................... ................599,842 ................599,842 ........ ....................2,933 ....................2,933 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,823,282 .04/15/2009. .........................................1,334.43 .04/15/2008. Societe Generale......................... ................224,196 ................224,196 ........ .......................285 .......................285 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,636,740 .04/15/2009. .........................................1,391.14 .04/15/2008. Wachovia Capital Markets LLC... ..................59,086 ..................59,086 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,722,450 .04/15/2009. ...........................................1,422.1 .04/15/2008. Wachovia Capital Markets LLC... ..................74,051 ..................74,051 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........202,988 .04/18/2009. .........................................1,484.18 .04/22/2008. Sun Trust Bank............................ ....................3,917 ....................3,917 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........215,166 .04/21/2009. .........................................1,481.87 .04/22/2008. Sun Trust Bank............................ ....................4,405 ....................4,405 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,204,934 .04/22/2009. .........................................1,480.93 .04/23/2007. Barclays Capital Inc..................... ................262,808 ................262,808 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,472,100 .04/22/2009. .........................................1,480.93 .04/23/2007. Sun Trust Bank............................ ................618,463 ................618,463 ........ .......................715 .......................715 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,372,583 .04/22/2009. .........................................1,375.94 .04/22/2008. Bank of New York........................ ................642,786 ................642,786 ........ ....................3,751 ....................3,751 .............................. .............................. ..............................<br />
E18.2
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
E18.3<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. .......4,192,171 .04/22/2009. .........................................1,375.94 .04/22/2008. Credit Suisse International.......... ................157,206 ................157,206 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........103,420 .04/22/2009. .........................................1,375.94 .04/22/2008. Sun Trust Bank............................ ....................9,360 ....................9,360 ........ .........................21 .........................21 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........480,716 .04/22/2009. ...........................................1,441.3 .04/22/2008. Sun Trust Bank............................ ..................12,643 ..................12,643 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,277,506 .04/22/2009. .........................................1,375.94 .04/22/2008. Sun Trust Bank............................ ................238,545 ................238,545 ........ .......................359 .......................359 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,286,831 .04/22/2009. .........................................1,437.86 .04/22/2008. Sun Trust Bank............................ ..................73,179 ..................73,179 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,920,604 .04/22/2009. .........................................1,465.51 .04/22/2008. Sun Trust Bank............................ ..................95,271 ..................95,271 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,087,520 .04/25/2009. .........................................1,492.19 .05/01/2008. Barclays Capital Inc..................... ..................25,301 ..................25,301 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,468,540 .05/01/2009. ...........................................1,486.3 .05/01/2007. JP Morgan Chase Bank N.A....... ................831,469 ................831,469 ........ .........................31 .........................31 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........188,264 .05/01/2009. .........................................1,409.34 .05/01/2008. Barclays Capital Inc..................... ..................16,002 ..................16,002 ........ .........................10 .........................10 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........298,932 .05/01/2009. .........................................1,476.28 .05/01/2008. Barclays Capital Inc..................... ....................7,473 ....................7,473 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....24,110,298 .05/01/2009. .........................................1,409.34 .05/01/2008. Barclays Capital Inc..................... ................896,903 ................896,903 ........ ....................2,170 ....................2,170 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,936,014 .05/01/2009. .........................................1,409.34 .05/01/2008. Morgan Stanley & Co International ................146,420 PLC<br />
................146,420 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,154,371 .05/01/2009. .........................................1,409.34 .05/01/2008. Societe Generale......................... ................233,866 ................233,866 ........ .......................135 .......................135 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,989,386 .05/01/2009. .........................................1,464.73 .05/01/2008. Wachovia Capital Markets LLC... ..................59,783 ..................59,783 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,775,175 .05/01/2009. .........................................1,500.24 .05/01/2008. Wachovia Capital Markets LLC... ..................57,923 ..................57,923 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,806,859 .05/01/2009. ...........................................1,486.3 .09/17/2008. Societe Generale......................... ..................11,536 ..................11,536 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,764,583 .05/08/2009. .........................................1,507.72 .05/08/2007. Barclays Capital Inc..................... ................308,745 ................308,745 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,376,514 .05/08/2009. .........................................1,507.72 .05/08/2007. Merrill Lynch International........... ................534,060 ................534,060 ........ .......................102 .......................102 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,478,248 .05/08/2009. .........................................1,397.68 .05/08/2008. Credit Suisse International.......... ................124,173 ................124,173 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....18,195,681 .05/08/2009. .........................................1,397.68 .05/08/2008. Credit Suisse International.......... ................689,616 ................689,616 ........ ....................4,646 ....................4,646 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,556,079 .05/08/2009. .........................................1,397.68 .05/08/2008. Sun Trust Bank............................ ................175,409 ................175,409 ........ .......................325 .......................325 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,975,634 .05/08/2009. .........................................1,449.25 .05/08/2008. Sun Trust Bank............................ ..................63,023 ..................63,023 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............96,679 .05/08/2009. .........................................1,397.68 .05/08/2008. Wachovia Capital Markets LLC... ....................8,363 ....................8,363 ........ ...........................9 ...........................9 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........939,130 .05/08/2009. .........................................1,457.08 .05/08/2008. Wachovia Capital Markets LLC... ..................22,633 ..................22,633 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,026,306 .05/08/2009. .........................................1,481.54 .05/08/2008. Wachovia Capital Markets LLC... ..................91,800 ..................91,800 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,765,213 .05/15/2009. .........................................1,501.19 .05/15/2007. JP Morgan Chase Bank N.A./Bear ................483,713 Stearns International ................483,713 Ltd<br />
........ .........................32 .........................32 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,317,119 .05/15/2009. .........................................1,501.19 .05/15/2007. Wachovia Capital Markets LLC... ................213,954 ................213,954 ........ ...........................3 ...........................3 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............83,374 .05/15/2009. .........................................1,423.57 .05/15/2008. Bank of New York........................ ....................7,045 ....................7,045 ........ .........................13 .........................13 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........715,061 .05/15/2009. .........................................1,484.07 .05/15/2008. Bank of New York........................ ..................16,446 ..................16,446 ........ .........................41 .........................41 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,172,182 .05/15/2009. .........................................1,471.26 .05/15/2008. Barclays Capital Inc..................... ..................68,424 ..................68,424 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,039,592 .05/15/2009. .........................................1,508.98 .05/15/2008. Barclays Capital Inc..................... ..................64,135 ..................64,135 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,820,062 .05/15/2009. .........................................1,423.57 .05/15/2008. Credit Suisse International.......... ................104,624 ................104,624 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,117,613 .05/15/2009. .........................................1,423.57 .05/15/2008. Societe Generale......................... ................612,469 ................612,469 ........ .......................873 .......................873 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,596,524 .05/15/2009. .........................................1,423.57 .05/15/2008. Societe Generale......................... ................183,861 ................183,861 ........ .......................137 .......................137 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........656,250 .05/19/2009. .........................................1,512.23 .05/22/2008. Sun Trust Bank............................ ..................10,238 ..................10,238 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,412,816 .05/22/2009. .........................................1,524.12 .05/22/2007. Barclays Capital Inc..................... ................280,655 ................280,655 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,342,309 .05/22/2009. .........................................1,524.12 .05/22/2007. Merrill Lynch International........... ................686,660 ................686,660 ........ .......................208 .......................208 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,794,878 .05/22/2009. .........................................1,394.35 .05/22/2008. Bank of New York........................ ................149,139 ................149,139 ........ .......................759 .......................759 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....23,817,254 .05/22/2009. .........................................1,394.35 .05/22/2008. Morgan Stanley & Co International ................907,437 PLC<br />
................907,437 ........ ....................7,145 ....................7,145 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,789,775 .05/22/2009. .........................................1,394.35 .05/22/2008. Sun Trust Bank............................ ................106,011 ................106,011 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........220,234 .05/22/2009. .........................................1,394.35 .05/22/2008. Sun Trust Bank............................ ..................19,733 ..................19,733 ........ .........................50 .........................50 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,275,881 .05/22/2009. .........................................1,453.61 .05/22/2008. Sun Trust Bank............................ ..................34,704 ..................34,704 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,442,442 .05/22/2009. .........................................1,444.96 .05/22/2008. Sun Trust Bank............................ ..................82,066 ..................82,066 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,171,362 .05/22/2009. .........................................1,478.01 .05/22/2008. Sun Trust Bank............................ ..................99,278 ..................99,278 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........206,390 .05/23/2009. .........................................1,458.49 .06/02/2008. Sun Trust Bank............................ ....................5,331 ....................5,331 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,029,849 .06/01/2009. .........................................1,536.34 .06/01/2007. JP Morgan Chase Bank N.A./Bear ................719,140 Stearns International ................719,140 Ltd<br />
........ .........................46 .........................46 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,945,852 .06/01/2009. .........................................1,536.34 .06/01/2007. Wachovia Capital Markets LLC... ................581,480 ................581,480 ........ ...........................9 ...........................9 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....23,031,485 .06/01/2009. .........................................1,385.67 .06/02/2008. Barclays Capital Inc..................... ................893,622 ................893,622 ........ ....................6,610 ....................6,610 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,329,993 .06/01/2009. .........................................1,385.67 .06/02/2008. BNP Paribas................................ ................166,705 ................166,705 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,744,352 .06/01/2009. .........................................1,385.67 .06/02/2008. Societe Generale......................... ................228,051 ................228,051 ........ .......................505 .......................505 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........142,839 .06/01/2009. .........................................1,400.38 .06/02/2008. Sun Trust Bank............................ ..................11,937 ..................11,937 ........ .........................29 .........................29 .............................. .............................. ..............................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
E18.4<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. ..........354,296 .06/01/2009. ...........................................1,459.9 .06/02/2008. Sun Trust Bank............................ ....................8,453 ....................8,453 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,532,586 .06/01/2009. .........................................1,410.89 .06/02/2008. Sun Trust Bank............................ ................109,914 ................109,914 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,332,904 .06/01/2009. .........................................1,478.94 .06/02/2008. Sun Trust Bank............................ ..................73,661 ..................73,661 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,470,974 .06/08/2009. .........................................1,507.67 .06/08/2007. Barclays Capital Inc..................... ................223,878 ................223,878 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,550,555 .06/08/2009. .........................................1,361.76 .06/09/2008. Credit Suisse International.......... ................127,465 ................127,465 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,168,990 .06/08/2009. .........................................1,361.76 .06/09/2008. Credit Suisse International.......... ................624,123 ................624,123 ........ ..................13,143 ..................13,143 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,185,414 .06/08/2009. .........................................1,361.76 .06/09/2008. Merrill Lynch International........... ................129,965 ................129,965 ........ .......................811 .......................811 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,874,326 .06/08/2009. .........................................1,384.64 .06/09/2008. Merrill Lynch International........... ..................90,155 ..................90,155 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,612,406 .06/08/2009. .........................................1,418.65 .06/09/2008. Merrill Lynch International........... ..................57,986 ..................57,986 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........145,593 .06/08/2009. .........................................1,360.68 .06/09/2008. Sun Trust Bank............................ ..................14,063 ..................14,063 ........ .........................42 .........................42 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........446,303 .06/08/2009. ...........................................1,398.1 .06/09/2008. Sun Trust Bank............................ ..................15,468 ..................15,468 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,964,629 .06/08/2009. .........................................1,507.67 .09/17/2008. BNP Paribas................................ ..................29,869 ..................29,869 ........ .......................446 .......................446 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........408,528 .06/09/2009. .........................................1,416.23 .06/16/2008. Sun Trust Bank............................ ..................13,968 ..................13,968 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,629,995 .06/15/2009. .........................................1,532.91 .06/15/2007. JP Morgan Chase Bank N.A./Bear ................596,333 Stearns International ................596,333 Ltd<br />
........ .........................89 .........................89 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....18,487,477 .06/15/2009. .........................................1,360.14 .06/16/2008. Credit Suisse International.......... ................733,953 ................733,953 ........ ..................17,243 ..................17,243 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,015,580 .06/15/2009. .........................................1,360.14 .06/16/2008. Morgan Stanley & Co International ................115,798 PLC<br />
................115,798 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,410,776 .06/15/2009. .........................................1,360.14 .06/16/2008. Societe Generale......................... ................185,253 ................185,253 ........ .......................833 .......................833 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............63,921 .06/15/2009. .........................................1,360.03 .06/16/2008. Sun Trust Bank............................ ....................5,961 ....................5,961 ........ .........................19 .........................19 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........157,763 .06/15/2009. .........................................1,397.43 .06/16/2008. Sun Trust Bank............................ ....................5,222 ....................5,222 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,775,583 .06/15/2009. .........................................1,382.31 .06/16/2008. Sun Trust Bank............................ ..................80,434 ..................80,434 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,427,276 .06/15/2009. .........................................1,417.02 .06/16/2008. Sun Trust Bank............................ ................116,071 ................116,071 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,424,154 .06/15/2009. .........................................1,532.91 .09/17/2008. Societe Generale......................... ..................10,618 ..................10,618 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,293,493 .06/16/2009. .........................................1,414.55 .06/23/2008. Morgan Stanley & Co International ..................28,007 PLC<br />
..................28,007 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,954,848 .06/22/2009. .........................................1,502.56 .06/22/2007. Barclays Capital Inc..................... ................258,647 ................258,647 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,251,888 .06/22/2009. .........................................1,502.56 .06/22/2007. Societe Generale......................... ................658,734 ................658,734 ........ .......................229 .......................229 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,240,574 .06/22/2009. .............................................1,318. .06/23/2008. Credit Suisse International.......... ................124,438 ................124,438 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,134,996 .06/22/2009. .............................................1,318. .06/23/2008. Merrill Lynch International........... ................172,843 ................172,843 ........ ....................2,550 ....................2,550 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........112,024 .06/22/2009. .........................................1,317.93 .06/23/2008. Morgan Stanley & Co International ..................10,572 PLC<br />
..................10,572 ........ .........................96 .........................96 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........357,159 .06/22/2009. ...........................................1,352.2 .06/23/2008. Morgan Stanley & Co International ..................12,051 PLC<br />
..................12,051 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,565,628 .06/22/2009. .............................................1,318. .06/23/2008. Morgan Stanley & Co International ................690,329 PLC<br />
................690,329 ........ ..................24,592 ..................24,592 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,954,681 .06/22/2009. .........................................1,337.51 .06/23/2008. Wachovia Capital Markets LLC... ..................93,434 ..................93,434 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,937,357 .06/22/2009. ...........................................1,365.9 .06/23/2008. Wachovia Capital Markets LLC... ..................72,074 ..................72,074 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........251,738 .06/23/2009. .........................................1,370.72 .07/01/2008. Sun Trust Bank............................ ....................6,160 ....................6,160 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,924,564 .07/01/2009. .........................................1,519.43 .07/02/2007. JP Morgan Chase Bank N.A./Bear ................399,908 Stearns International ................399,908 Ltd<br />
........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....15,085,115 .07/01/2009. .........................................1,519.43 .07/02/2007. JP Morgan Chase Bank N.A./Bear .............1,034,839 Stearns International .............1,034,839 Ltd<br />
........ .......................441 .......................441 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,053,740 .07/01/2009. .............................................1,316. .07/01/2008. BNP Paribas................................ ................135,586 ................135,586 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,443,663 .07/01/2009. .........................................1,342.73 .07/01/2008. BNP Paribas................................ ................224,884 ................224,884 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,791,524 .07/01/2009. .........................................1,284.91 .07/01/2008. Credit Suisse International.......... ................153,936 ................153,936 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....26,108,410 .07/01/2009. .........................................1,284.91 .07/01/2008. Credit Suisse International.......... .............1,005,174 .............1,005,174 ........ ..................65,305 ..................65,305 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............82,494 .07/01/2009. .........................................1,284.91 .07/01/2008. Sun Trust Bank............................ ....................7,837 ....................7,837 ........ .........................92 .........................92 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........262,437 .07/01/2009. .........................................1,320.25 .07/01/2008. Sun Trust Bank............................ ....................9,133 ....................9,133 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,052,782 .07/01/2009. .........................................1,284.91 .07/01/2008. Sun Trust Bank............................ ................244,532 ................244,532 ........ ....................4,705 ....................4,705 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........375,693 .07/07/2009. .........................................1,324.32 .07/08/2008. Sun Trust Bank............................ ..................14,367 ..................14,367 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,998,254 .07/08/2009. .........................................1,531.85 .07/09/2007. Bank of New York........................ ................259,886 ................259,886 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,573,534 .07/08/2009. .........................................1,531.85 .07/09/2007. Societe Generale......................... ................393,492 ................393,492 ........ .......................151 .......................151 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,564,143 .07/08/2009. .........................................1,347.19 .07/08/2008. JP Morgan Chase Bank N.A....... ..................47,237 ..................47,237 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,039,632 .07/08/2009. ...........................................1,273.7 .07/08/2008. Merrill Lynch International........... ................515,066 ................515,066 ........ ..................33,852 ..................33,852 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............17,717 .07/08/2009. ...........................................1,273.7 .07/08/2008. Sun Trust Bank............................ ....................1,694 ....................1,694 ........ .........................27 .........................27 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........185,917 .07/08/2009. .........................................1,321.59 .07/08/2008. Sun Trust Bank............................ ....................5,875 ....................5,875 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,937,712 .07/08/2009. ...........................................1,273.7 .07/08/2008. Sun Trust Bank............................ ................118,977 ................118,977 ........ ....................3,193 ....................3,193 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,827,229 .07/08/2009. ...........................................1,273.7 .07/08/2008. Wachovia Capital Markets LLC... ................109,979 ................109,979 ........ ...........................3 ...........................3 .............................. .............................. ..............................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
E18.5<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. .......1,492,816 .07/08/2009. .........................................1,301.85 .07/08/2008. Wachovia Capital Markets LLC... ..................68,072 ..................68,072 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,031,812 .07/15/2009. .........................................1,549.52 .07/16/2007. JP Morgan Chase Bank N.A....... ................202,222 ................202,222 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,865,265 .07/15/2009. .........................................1,549.52 .07/16/2007. JP Morgan Chase Bank N.A....... ................488,807 ................488,807 ........ .......................182 .......................182 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,410,902 .07/15/2009. .........................................1,214.91 .07/15/2008. Barclays Capital Inc..................... ................233,751 ................233,751 ........ ..................18,646 ..................18,646 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,316,887 .07/15/2009. .........................................1,214.91 .07/15/2008. Credit Suisse International.......... ................128,695 ................128,695 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........147,189 .07/15/2009. .........................................1,214.91 .07/15/2008. JP Morgan Chase Bank N.A....... ..................14,425 ..................14,425 ........ .......................854 .......................854 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........143,355 .07/15/2009. .........................................1,260.47 .07/15/2008. JP Morgan Chase Bank N.A....... ....................4,587 ....................4,587 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,925,464 .07/15/2009. .........................................1,240.54 .07/15/2008. JP Morgan Chase Bank N.A....... ..................96,273 ..................96,273 ........ ...........................0 ...........................0 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,454,353 .07/15/2009. .........................................1,214.91 .07/15/2008. Morgan Stanley & Co International ................557,938 PLC<br />
................557,938 ........ ..................86,726 ..................86,726 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,771,659 .07/15/2009. .........................................1,284.77 .07/15/2008. Societe Generale......................... ................125,973 ................125,973 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........419,580 .07/21/2009. .........................................1,332.45 .07/22/2008. Wachovia Capital Markets LLC... ..................12,664 ..................12,664 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,575,620 .07/22/2009. .........................................1,541.57 .07/23/2007. Barclays Capital Inc..................... ................244,215 ................244,215 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,232,625 .07/22/2009. .........................................1,541.57 .07/23/2007. Merrill Lynch International........... ................546,646 ................546,646 ........ .......................653 .......................653 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,429,793 .07/22/2009. .............................................1,277. .07/22/2008. Credit Suisse International.......... ................100,107 ................100,107 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,107,606 .07/22/2009. .........................................1,362.56 .07/22/2008. JP Morgan Chase Bank N.A....... ..................27,690 ..................27,690 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,139,598 .07/22/2009. .............................................1,277. .07/22/2008. Sun Trust Bank............................ ................680,442 ................680,442 ........ ..................27,948 ..................27,948 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,456,120 .07/22/2009. .............................................1,277. .07/22/2008. Sun Trust Bank............................ ................223,701 ................223,701 ........ ....................7,478 ....................7,478 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,299,671 .08/01/2009. .........................................1,465.81 .08/01/2007. Wachovia Capital Markets LLC... ................448,930 ................448,930 ........ ...........................7 ...........................7 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............85,408 .08/01/2009. .........................................1,260.31 .08/01/2008. BNP Paribas................................ ....................7,960 ....................7,960 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........540,450 .08/01/2009. .........................................1,309.97 .08/01/2008. BNP Paribas................................ ..................16,159 ..................16,159 ........ ...........................4 ...........................4 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,784,406 .08/01/2009. .........................................1,291.82 .08/01/2008. BNP Paribas................................ ..................75,480 ..................75,480 ........ .......................387 .......................387 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,290,755 .08/01/2009. .........................................1,260.31 .08/01/2008. Credit Suisse International.......... ................141,502 ................141,502 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....22,947,922 .08/01/2009. .........................................1,260.31 .08/01/2008. Credit Suisse International.......... ................890,379 ................890,379 ........ ..................97,736 ..................97,736 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,437,733 .08/01/2009. .........................................1,260.31 .08/01/2008. Societe Generale......................... ................180,616 ................180,616 ........ ..................12,013 ..................12,013 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,951,612 .08/01/2009. .........................................1,334.42 .08/01/2008. Societe Generale......................... ................270,684 ................270,684 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,311,576 .08/01/2009. .........................................1,465.81 .09/17/2008. BNP Paribas................................ ................128,003 ................128,003 ........ ....................5,280 ....................5,280 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........552,062 .08/04/2009. ...........................................1,330.2 .08/08/2008. Sun Trust Bank............................ ..................22,268 ..................22,268 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,416,054 .08/08/2009. .........................................1,497.49 .08/08/2007. Merrill Lynch International........... ................937,782 ................937,782 ........ ....................2,250 ....................2,250 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,384,277 .08/08/2009. .........................................1,497.49 .08/08/2007. Societe Generale......................... ................341,902 ................341,902 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,276,343 .08/08/2009. .........................................1,296.32 .08/08/2008. Credit Suisse International.......... ..................95,834 ..................95,834 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............65,058 .08/08/2009. .........................................1,296.32 .08/08/2008. Sun Trust Bank............................ ....................5,810 ....................5,810 ........ .......................125 .......................125 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,498,128 .08/08/2009. .........................................1,348.17 .08/08/2008. Sun Trust Bank............................ ..................41,498 ..................41,498 ........ ...........................5 ...........................5 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,263,441 .08/08/2009. .........................................1,296.32 .08/08/2008. Sun Trust Bank............................ ................626,142 ................626,142 ........ ..................26,390 ..................26,390 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,669,972 .08/08/2009. .........................................1,296.32 .08/08/2008. Sun Trust Bank............................ ..................64,127 ..................64,127 ........ ....................2,333 ....................2,333 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,123,703 .08/08/2009. .........................................1,352.84 .08/08/2008. Sun Trust Bank............................ ..................35,397 ..................35,397 ........ ...........................5 ...........................5 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,732,703 .08/08/2009. .........................................1,389.66 .08/08/2008. Sun Trust Bank............................ ..................36,387 ..................36,387 ........ ...........................5 ...........................5 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,272,476 .08/15/2009. ...........................................1,406.7 .08/15/2007. JP Morgan Chase Bank N.A./Bear ................272,157 Stearns International ................272,157 Ltd<br />
........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............49,797 .08/15/2009. ...........................................1,298.2 .08/15/2008. BNP Paribas................................ ....................4,606 ....................4,606 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........659,443 .08/15/2009. .........................................1,350.13 .08/15/2008. BNP Paribas................................ ..................19,256 ..................19,256 ........ .......................174 .......................174 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,683,318 .08/15/2009. ...........................................1,298.2 .08/15/2008. BNP Paribas................................ ................650,649 ................650,649 ........ ..................54,896 ..................54,896 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,721,496 .08/15/2009. ...........................................1,298.2 .08/15/2008. BNP Paribas................................ ................203,969 ................203,969 ........ ..................11,604 ..................11,604 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,984,451 .08/15/2009. ...........................................1,298.2 .08/15/2008. Credit Suisse International.......... ..................85,927 ..................85,927 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,631,242 .08/15/2009. .........................................1,331.69 .08/15/2008. Societe Generale......................... ..................67,533 ..................67,533 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,610,232 .08/15/2009. .........................................1,382.97 .08/15/2008. Societe Generale......................... ..................64,734 ..................64,734 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,164,451 .08/15/2009. ...........................................1,406.7 .09/17/2008. BNP Paribas................................ ................159,419 ................159,419 ........ ....................8,839 ....................8,839 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........304,307 .08/18/2009. .........................................1,361.71 .08/22/2008. Credit Suisse International.......... ....................8,309 ....................8,309 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,528,895 .08/22/2009. .........................................1,464.07 .08/22/2007. Bank of New York........................ ................220,556 ................220,556 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,309,763 .08/22/2009. ...........................................1,292.2 .08/22/2008. BNP Paribas................................ ..................98,858 ..................98,858 ........ ..................19,610 ..................19,610 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,914,666 .08/22/2009. ...........................................1,292.2 .08/22/2008. BNP Paribas................................ ................590,621 ................590,621 ........ ..................54,503 ..................54,503 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,297,014 .08/22/2009. ...........................................1,292.2 .08/22/2008. BNP Paribas................................ ..................89,584 ..................89,584 ........ ....................5,928 ....................5,928 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............99,606 .08/22/2009. ...........................................1,292.2 .08/22/2008. Credit Suisse International.......... ....................9,114 ....................9,114 ........ .......................454 .......................454 .............................. .............................. ..............................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
E18.6<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. ..........447,052 .08/22/2009. .........................................1,343.89 .08/22/2008. Credit Suisse International.......... ..................12,427 ..................12,427 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........616,173 .08/22/2009. ...........................................1,342.6 .08/22/2008. Credit Suisse International.......... ..................21,320 ..................21,320 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........486,793 .08/22/2009. .........................................1,485.13 .08/22/2008. Credit Suisse International.......... ....................2,920 ....................2,920 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,413,877 .08/22/2009. .........................................1,464.07 .09/17/2008. BNP Paribas................................ ................118,004 ................118,004 ........ ....................6,135 ....................6,135 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........198,894 .08/25/2009. .........................................1,349.18 .09/01/2008. BNP Paribas................................ ....................5,727 ....................5,727 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,665,124 .09/01/2009. .........................................1,489.42 .09/04/2007. JP Morgan Chase Bank N.A./Bear ................673,659 Stearns International ................673,659 Ltd<br />
........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,026,918 .09/01/2009. .........................................1,489.42 .09/04/2007. BNP Paribas................................ ................677,922 ................677,922 ........ ....................4,797 ....................4,797 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,593,953 .09/01/2009. .........................................1,277.58 .09/01/2008. Barclays Capital Inc..................... ................137,648 ................137,648 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........105,192 .09/01/2009. .........................................1,282.83 .09/01/2008. BNP Paribas................................ ....................9,477 ....................9,477 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........600,364 .09/01/2009. .........................................1,334.14 .09/01/2008. BNP Paribas................................ ..................16,235 ..................16,235 ........ .......................514 .......................514 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,429,680 .09/01/2009. .........................................1,362.11 .09/01/2008. Credit Suisse International.......... ..................62,203 ..................62,203 ........ ...........................4 ...........................4 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,801,411 .09/01/2009. .........................................1,324.98 .09/01/2008. JP Morgan Chase Bank N.A....... ..................66,652 ..................66,652 ........ ...........................0 ...........................0 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....29,792,116 .09/01/2009. .........................................1,277.58 .09/01/2008. Societe Generale......................... .............1,176,789 .............1,176,789 ........ ................123,324 ................123,324 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,950,784 .09/01/2009. .........................................1,277.58 .09/01/2008. Societe Generale......................... ................194,566 ................194,566 ........ ..................14,391 ..................14,391 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,795,676 .09/01/2009. .........................................1,489.42 .09/17/2008. BNP Paribas................................ ..................76,260 ..................76,260 ........ ....................4,123 ....................4,123 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,603,529 .09/08/2009. ...........................................1,451.7 .09/10/2007. Societe Generale......................... ................693,375 ................693,375 ........ ....................4,147 ....................4,147 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,607,163 .09/08/2009. ...........................................1,451.7 .09/10/2007. Sun Trust Bank............................ ................229,055 ................229,055 ........ ...........................1 ...........................1 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,422,475 .09/08/2009. .........................................1,267.79 .09/08/2008. Bank of New York........................ ..................92,296 ..................92,296 ........ ....................7,465 ....................7,465 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............81,502 .09/08/2009. .........................................1,267.79 .09/08/2008. Citibank........................................ ....................7,661 ....................7,661 ........ .......................363 .......................363 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........661,536 .09/08/2009. .........................................1,312.42 .09/08/2008. Citibank........................................ ..................20,508 ..................20,508 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........326,037 .09/08/2009. .........................................1,292.13 .09/08/2008. Citibank........................................ ..................15,487 ..................15,487 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,918,028 .09/08/2009. .........................................1,337.77 .09/08/2008. Citibank........................................ ..................60,418 ..................60,418 ........ ...........................2 ...........................2 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,649,035 .09/08/2009. .........................................1,267.79 .09/08/2008. Credit Suisse International.......... ..................63,653 ..................63,653 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....15,050,452 .09/08/2009. .........................................1,267.79 .09/08/2008. Credit Suisse International.......... ................559,877 ................559,877 ........ ..................71,338 ..................71,338 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,692,588 .09/15/2009. .........................................1,476.65 .09/17/2007. Bank of New York........................ ................232,633 ................232,633 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....21,151,510 .09/15/2009. ...........................................1,192.7 .09/15/2008. Barclays Capital Inc..................... ................772,030 ................772,030 ........ ................181,247 ................181,247 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,276,148 .09/15/2009. ...........................................1,192.7 .09/15/2008. Barclays Capital Inc..................... ................127,442 ................127,442 ........ ..................22,497 ..................22,497 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............46,418 .09/15/2009. ...........................................1,192.7 .09/15/2008. BNP Paribas................................ ....................4,595 ....................4,595 ........ .........................36 .........................36 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........765,800 .09/15/2009. .........................................1,234.44 .09/15/2008. BNP Paribas................................ ..................25,425 ..................25,425 ........ .......................602 .......................602 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,226,371 .09/15/2009. .........................................1,222.76 .09/15/2008. Citibank........................................ ..................60,705 ..................60,705 ........ ...........................0 ...........................0 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,872,347 .09/15/2009. ...........................................1,192.7 .09/15/2008. Credit Suisse International.......... ..................71,711 ..................71,711 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,461,252 .09/15/2009. ...........................................1,258.3 .09/15/2008. Societe Generale......................... ................124,605 ................124,605 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,661,993 .09/15/2009. .........................................1,476.65 .09/17/2008. BNP Paribas................................ ................142,771 ................142,771 ........ ....................8,806 ....................8,806 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,707,530 .09/22/2009. .........................................1,517.73 .09/24/2007. BNP Paribas................................ ................837,088 ................837,088 ........ ....................6,070 ....................6,070 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,276,342 .09/22/2009. .........................................1,517.73 .09/17/2008. Societe Generale......................... ..................12,663 ..................12,663 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,994,253 .09/22/2009. .........................................1,207.09 .09/22/2008. BNP Paribas................................ ................116,177 ................116,177 ........ ..................20,129 ..................20,129 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,685,544 .09/22/2009. .........................................1,271.79 .09/22/2008. Citibank........................................ ..................65,736 ..................65,736 ........ .........................25 .........................25 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,607,391 .09/22/2009. .........................................1,207.09 .09/22/2008. Credit Suisse International.......... ..................94,388 ..................94,388 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........114,317 .09/22/2009. .........................................1,207.09 .09/22/2008. Morgan Stanley & Co International ..................11,820 PLC<br />
..................11,820 ........ ....................1,247 ....................1,247 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........408,454 .09/22/2009. .........................................1,249.82 .09/22/2008. Morgan Stanley & Co International ..................13,847 PLC<br />
..................13,847 ........ .........................16 .........................16 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....20,221,340 .09/22/2009. .........................................1,207.09 .09/22/2008. Morgan Stanley & Co International ................756,278 PLC<br />
................756,278 ........ ................177,948 ................177,948 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........767,835 .09/28/2009. .........................................1,279.73 .10/01/2008. Citibank........................................ ..................22,377 ..................22,377 ........ .........................13 .........................13 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,874,608 .10/01/2009. .........................................1,547.04 .10/01/2007. Merrill Lynch International........... ................433,100 ................433,100 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....18,767,141 .10/01/2009. .........................................1,547.04 .10/01/2007. Merrill Lynch International........... .............1,342,161 .............1,342,161 ........ ....................3,319 ....................3,319 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,499,316 .10/01/2009. .........................................1,161.06 .10/01/2008. Credit Suisse International.......... ..................97,723 ..................97,723 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........233,721 .10/01/2009. .........................................1,161.06 .10/01/2008. Citibank........................................ ..................26,294 ..................26,294 ........ ....................3,929 ....................3,929 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,175,275 .10/01/2009. .........................................1,204.02 .10/01/2008. Citibank........................................ ..................80,703 ..................80,703 ........ .......................324 .......................324 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,878,285 .10/01/2009. .........................................1,234.67 .10/01/2008. JP Morgan Chase Bank N.A....... ................218,547 ................218,547 ........ .......................214 .......................214 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........551,442 .10/01/2009. .........................................1,200.07 .10/01/2008. Citibank........................................ ..................32,535 ..................32,535 ........ .........................95 .........................95 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....21,320,626 .10/01/2009. .........................................1,161.06 .10/01/2008. Credit Suisse International.......... ................799,523 ................799,523 ........ ................244,055 ................244,055 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,705,908 .10/01/2009. .........................................1,161.06 .10/01/2008. Bank of New York........................ ................106,342 ................106,342 ........ ..................23,890 ..................23,890 .............................. .............................. ..............................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
E18.7<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. ..........247,312 .10/06/2009. .........................................1,136.16 .10/08/2008. Citibank........................................ ....................7,142 ....................7,142 ........ .......................278 .......................278 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,342,905 .10/08/2009. .........................................1,552.58 .10/08/2007. JP Morgan Chase Bank N.A./Bear ................805,346 Stearns International ................805,346 Ltd<br />
........ ....................2,515 ....................2,515 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,162,309 .10/08/2009. .........................................1,552.58 .10/08/2007. BNP Paribas................................ ................289,280 ................289,280 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,968,963 .10/08/2009. ............................................984.94 .10/08/2008. Societe Generale......................... ..................72,852 ..................72,852 ........ ..................14,061 ..................14,061 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............94,307 .10/08/2009. ............................................984.94 .10/08/2008. Citibank........................................ ..................11,553 ..................11,553 ........ ....................6,887 ....................6,887 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,064,628 .10/08/2009. .............................................1,027. .10/08/2008. Citibank........................................ ..................40,988 ..................40,988 ........ ..................10,430 ..................10,430 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,913,862 .10/08/2009. .........................................1,063.34 .10/08/2008. Citibank........................................ ................102,392 ................102,392 ........ ..................11,535 ..................11,535 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........563,976 .10/08/2009. .........................................1,040.49 .10/08/2008. Citibank........................................ ..................35,531 ..................35,531 ........ ....................5,060 ....................5,060 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,057,463 .10/08/2009. ............................................984.94 .10/08/2008. Morgan Stanley & Co International ................620,892 PLC<br />
................620,892 ........ ................474,197 ................474,197 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,093,777 .10/08/2009. ............................................984.94 .10/08/2008. Societe Generale......................... ................116,945 ................116,945 ........ ..................84,841 ..................84,841 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,179,940 .10/13/2009. ...........................................1,078.6 .10/15/2008. Citibank........................................ ..................52,014 ..................52,014 ........ ....................5,011 ....................5,011 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,737,550 .10/15/2009. .........................................1,548.71 .10/15/2007. Societe Generale......................... ................333,524 ................333,524 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,436,560 .10/15/2009. .........................................1,548.71 .10/15/2007. Societe Generale......................... ................915,331 ................915,331 ........ ....................2,894 ....................2,894 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,892,474 .10/15/2009. ............................................907.84 .10/15/2008. Credit Suisse International.......... ..................63,776 ..................63,776 ........ ..................18,595 ..................18,595 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........100,612 .10/15/2009. ............................................907.84 .10/15/2008. Citibank........................................ ..................13,744 ..................13,744 ........ ..................12,051 ..................12,051 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........737,180 .10/15/2009. ............................................945.97 .10/15/2008. Citibank........................................ ..................29,858 ..................29,858 ........ ..................20,016 ..................20,016 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,186,805 .10/15/2009. ............................................991.18 .10/15/2008. Citibank........................................ ..................73,587 ..................73,587 ........ ..................24,422 ..................24,422 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........902,008 .10/15/2009. ............................................952.51 .10/15/2008. Citibank........................................ ..................69,640 ..................69,640 ........ ..................30,316 ..................30,316 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,350,007 .10/15/2009. ............................................907.84 .10/15/2008. Credit Suisse International.......... ................528,080 ................528,080 ........ ................516,575 ................516,575 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,914,333 .10/15/2009. ............................................907.84 .10/15/2008. Citibank........................................ ................110,430 ................110,430 ........ ................106,736 ................106,736 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........315,328 .10/20/2009. .........................................1,059.31 .10/22/2008. Citibank........................................ ....................9,005 ....................9,005 ........ ....................1,851 ....................1,851 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,435,535 .10/22/2009. .........................................1,506.33 .10/22/2007. BNP Paribas................................ ................899,089 ................899,089 ........ ..................10,159 ..................10,159 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,320,880 .10/22/2009. .........................................1,506.33 .10/22/2007. JP Morgan Chase Bank N.A....... ................288,635 ................288,635 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,560,798 .10/22/2009. ............................................896.78 .10/22/2008. Credit Suisse International.......... ..................82,970 ..................82,970 ........ ..................27,715 ..................27,715 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........350,888 .10/22/2009. ..............................................934.8 .10/22/2008. Citibank........................................ ..................16,667 ..................16,667 ........ ..................10,373 ..................10,373 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,176,347 .10/22/2009. ..............................................964.4 .10/22/2008. Merrill Lynch International........... ................208,686 ................208,686 ........ ..................95,905 ..................95,905 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,188,676 .10/22/2009. ............................................943.59 .10/22/2008. Merrill Lynch International........... ..................90,339 ..................90,339 ........ ..................48,410 ..................48,410 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....18,671,058 .10/22/2009. ............................................896.78 .10/22/2008. Morgan Stanley & Co International ................692,696 PLC<br />
................692,696 ........ ................672,158 ................672,158 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,921,986 .10/22/2009. ............................................896.78 .10/22/2008. Societe Generale......................... ................194,911 ................194,911 ........ ................189,603 ................189,603 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,280,012 .11/01/2009. .........................................1,508.44 .11/01/2007. Credit Suisse International.......... ................322,081 ................322,081 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....15,424,989 .11/01/2009. .........................................1,508.44 .11/01/2007. Societe Generale......................... .............1,141,449 .............1,141,449 ........ ....................7,602 ....................7,602 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,161,787 .11/01/2009. ..............................................966.3 .11/03/2008. Societe Generale......................... ..................93,273 ..................93,273 ........ ....................7,243 ....................7,243 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........147,250 .11/01/2009. ............................................968.75 .11/03/2008. BNP Paribas................................ ..................22,455 ..................22,455 ........ ..................10,566 ..................10,566 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........751,750 .11/01/2009. .........................................1,009.83 .11/03/2008. BNP Paribas................................ ..................30,427 ..................30,427 ........ ..................12,763 ..................12,763 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,892,438 .11/01/2009. .........................................1,057.68 .11/03/2008. Barclays Capital Inc..................... ................215,686 ................215,686 ........ ..................36,793 ..................36,793 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........729,729 .11/01/2009. .........................................1,027.66 .11/03/2008. Barclays Capital Inc..................... ..................52,030 ..................52,030 ........ ..................10,829 ..................10,829 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....23,983,204 .11/01/2009. ..............................................966.3 .11/03/2008. Societe Generale......................... ................916,158 ................916,158 ........ ................716,966 ................716,966 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,765,412 .11/01/2009. ..............................................966.3 .11/03/2008. Bank of New York........................ ................217,356 ................217,356 ........ ................160,732 ................160,732 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........315,014 .11/03/2009. .........................................1,082.26 .11/24/2008. JP Morgan Chase Bank N.A....... ....................6,317 ....................6,317 ........ ....................2,183 ....................2,183 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,306,719 .11/08/2009. .........................................1,474.77 .11/08/2007. Bank of New York........................ ................823,129 ................823,129 ........ ..................11,520 ..................11,520 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,630,431 .11/08/2009. .........................................1,474.77 .11/08/2007. Credit Suisse International.......... ................229,806 ................229,806 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,760,137 .11/08/2009. ............................................919.21 .11/10/2008. Credit Suisse International.......... ..................88,600 ..................88,600 ........ ..................30,444 ..................30,444 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............15,827 .11/08/2009. ............................................930.99 .11/10/2008. JP Morgan Chase Bank N.A....... ....................2,278 ....................2,278 ........ ....................1,753 ....................1,753 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........962,644 .11/08/2009. ............................................986.94 .11/10/2008. JP Morgan Chase Bank N.A....... ..................35,146 ..................35,146 ........ ..................20,690 ..................20,690 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,365,762 .11/08/2009. .........................................1,047.18 .11/10/2008. Citibank........................................ ..................58,240 ..................58,240 ........ ..................17,932 ..................17,932 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........969,509 .11/08/2009. ............................................981.44 .11/10/2008. Citibank........................................ ..................68,641 ..................68,641 ........ ..................30,549 ..................30,549 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....18,928,930 .11/08/2009. ............................................919.21 .11/10/2008. Credit Suisse International.......... ................713,621 ................713,621 ........ ................684,709 ................684,709 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,490,891 .11/08/2009. ............................................919.21 .11/10/2008. Citibank........................................ ..................95,152 ..................95,152 ........ ..................86,740 ..................86,740 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,577,623 .11/15/2009. .........................................1,451.15 .11/15/2007. BNP Paribas................................ ................850,955 ................850,955 ........ ..................18,989 ..................18,989 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,578,750 .11/15/2009. .........................................1,451.15 .11/15/2007. Credit Suisse International.......... ................231,187 ................231,187 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,801,727 .11/15/2009. ............................................850.75 .11/17/2008. Sun Trust Bank............................ ..................80,690 ..................80,690 ........ ..................47,265 ..................47,265 .............................. .............................. ..............................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. ..........144,093 .11/15/2009. ............................................873.29 .11/17/2008. Citibank........................................ ..................20,604 ..................20,604 ........ ..................21,752 ..................21,752 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........635,755 .11/15/2009. ............................................925.69 .11/17/2008. Citibank........................................ ..................24,327 ..................24,327 ........ ..................23,255 ..................23,255 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........619,163 .11/15/2009. ............................................998.87 .11/17/2008. Bank of New York........................ ..................25,645 ..................25,645 ........ ..................16,571 ..................16,571 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,097,708 .11/15/2009. ............................................908.18 .11/17/2008. BNP Paribas................................ ..................90,341 ..................90,341 ........ ..................78,858 ..................78,858 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....20,888,735 .11/15/2009. ............................................850.75 .11/17/2008. Barclays Capital Inc..................... ................800,039 ................800,039 ........ ................852,699 ................852,699 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,701,041 .11/15/2009. ............................................850.75 .11/17/2008. Bank of New York........................ ................226,901 ................226,901 ........ ................249,697 ................249,697 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,268,011 .11/22/2009. ...........................................1,440.7 .11/22/2007. Societe Generale......................... ................223,859 ................223,859 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....15,429,110 .11/22/2009. ...........................................1,440.7 .11/22/2007. Societe Generale......................... .............1,117,068 .............1,117,068 ........ ..................20,594 ..................20,594 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,375,074 .11/22/2009. ............................................851.81 .11/24/2008. Credit Suisse International.......... ..................93,490 ..................93,490 ........ ..................59,260 ..................59,260 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........175,207 .11/22/2009. ............................................800.03 .11/24/2008. JP Morgan Chase Bank N.A....... ..................28,547 ..................28,547 ........ ..................39,238 ..................39,238 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,684,101 .11/22/2009. ............................................892.51 .11/24/2008. JP Morgan Chase Bank N.A....... ................255,438 ................255,438 ........ ................240,935 ................240,935 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,511,788 .11/22/2009. ............................................917.23 .11/24/2008. Citibank........................................ ................120,187 ................120,187 ........ ................103,066 ................103,066 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,324,779 .11/22/2009. ............................................851.81 .11/24/2008. Credit Suisse International.......... ................684,329 ................684,329 ........ ................747,091 ................747,091 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,032,890 .11/22/2009. ............................................851.81 .11/24/2008. Societe Generale......................... ................198,799 ................198,799 ........ ................216,849 ................216,849 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,443,565 .12/01/2009. .........................................1,472.42 .12/03/2007. Credit Suisse International.......... ................188,363 ................188,363 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,623,387 .12/01/2009. .........................................1,472.42 .12/03/2007. Sun Trust Bank............................ .............1,067,507 .............1,067,507 ........ ..................11,030 ..................11,030 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,695,611 .12/01/2009. ............................................816.21 .12/01/2008. Sun Trust Bank............................ ................110,499 ................110,499 ........ ..................66,217 ..................66,217 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........195,300 .12/01/2009. ............................................816.21 .12/01/2008. Citibank........................................ ..................33,593 ..................33,593 ........ ..................39,989 ..................39,989 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,721,417 .12/01/2009. ............................................910.97 .12/01/2008. Citibank........................................ ................183,682 ................183,682 ........ ................217,730 ................217,730 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,904,867 .12/01/2009. .................................................890. .12/01/2008. Sun Trust Bank............................ ................148,008 ................148,008 ........ ................177,787 ................177,787 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....22,105,813 .12/01/2009. ............................................816.21 .12/01/2008. Credit Suisse International.......... ................859,916 ................859,916 ........ .............1,000,768 .............1,000,768 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,747,062 .12/01/2009. ............................................816.21 .12/01/2008. BNP Paribas................................ ................221,262 ................221,262 ........ ................263,479 ................263,479 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,498,297 .12/08/2009. .........................................1,515.96 .12/10/2007. Credit Suisse International.......... ................219,343 ................219,343 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,519,050 .12/08/2009. .........................................1,515.96 .12/10/2007. Sun Trust Bank............................ ................836,283 ................836,283 ........ ....................5,629 ....................5,629 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,133,893 .12/08/2009. ..............................................909.7 .12/08/2008. Credit Suisse International.......... ..................70,845 ..................70,845 ........ ..................34,033 ..................34,033 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........171,982 .12/08/2009. ..............................................909.7 .12/08/2008. Morgan Stanley & Co International ..................29,443 PLC<br />
..................29,443 ........ ..................22,108 ..................22,108 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,709,544 .12/08/2009. .........................................1,017.41 .12/08/2008. Morgan Stanley & Co International ................156,070 PLC<br />
................156,070 ........ ..................77,387 ..................77,387 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,737,682 .12/08/2009. ............................................994.94 .12/08/2008. Morgan Stanley & Co International ................115,903 PLC<br />
................115,903 ........ ..................62,631 ..................62,631 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....19,885,803 .12/08/2009. ..............................................909.7 .12/08/2008. Credit Suisse International.......... ................781,512 ................781,512 ........ ................756,019 ................756,019 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,200,600 .12/08/2009. ..............................................909.7 .12/08/2008. Societe Generale......................... ..................81,642 ..................81,642 ........ ..................78,039 ..................78,039 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,544,186 .12/15/2009. ...........................................1,445.9 .12/17/2007. BNP Paribas................................ ................840,417 ................840,417 ........ ..................24,314 ..................24,314 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,209,225 .12/15/2009. ...........................................1,445.9 .12/17/2007. Credit Suisse International.......... ................231,086 ................231,086 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,097,704 .12/15/2009. ............................................868.57 .12/15/2008. Credit Suisse International.......... ................143,829 ................143,829 ........ ..................79,959 ..................79,959 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........104,853 .12/15/2009. ............................................868.57 .12/15/2008. Credit Suisse International.......... ..................17,762 ..................17,762 ........ ..................17,064 ..................17,064 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........341,847 .12/15/2009. ..............................................929.8 .12/15/2008. Credit Suisse International.......... ..................12,580 ..................12,580 ........ ..................23,939 ..................23,939 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,899,176 .12/15/2009. ............................................968.89 .12/15/2008. Credit Suisse International.......... ................115,850 ................115,850 ........ ..................84,809 ..................84,809 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,414,650 .12/15/2009. ............................................942.31 .12/15/2008. Credit Suisse International.......... ................103,835 ................103,835 ........ ..................90,179 ..................90,179 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....19,522,175 .12/15/2009. ............................................868.57 .12/15/2008. Credit Suisse International.......... ................737,938 ................737,938 ........ ................797,401 ................797,401 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,044,532 .12/15/2009. ............................................868.57 .12/15/2008. BNP Paribas................................ ................239,363 ................239,363 ........ ................258,347 ................258,347 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,607,309 .12/22/2009. .........................................1,496.45 .12/24/2007. BNP Paribas................................ .............1,060,491 .............1,060,491 ........ ..................21,643 ..................21,643 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,114,869 .12/22/2009. .........................................1,496.45 .12/24/2007. Credit Suisse International.......... ................257,179 ................257,179 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,741,240 .12/22/2009. ............................................871.63 .12/22/2008. Citibank........................................ ................102,797 ................102,797 ........ ..................40,454 ..................40,454 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ............92,900 .12/22/2009. ............................................871.63 .12/22/2008. Morgan Stanley & Co International ..................14,399 PLC<br />
..................14,399 ........ ..................14,886 ..................14,886 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. ..........454,469 .12/22/2009. ............................................923.93 .12/22/2008. Morgan Stanley & Co International ..................16,906 PLC<br />
..................16,906 ........ ..................17,530 ..................17,530 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,495,583 .12/22/2009. ............................................966.11 .12/22/2008. Citibank........................................ ..................74,031 ..................74,031 ........ ..................79,166 ..................79,166 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,364,166 .12/22/2009. ............................................952.95 .12/22/2008. Citibank........................................ ................133,575 ................133,575 ........ ................139,964 ................139,964 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....23,246,851 .12/22/2009. ............................................871.63 .12/22/2008. Morgan Stanley & Co International ................881,056 PLC<br />
................881,056 ........ ................906,627 ................906,627 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,926,119 .12/22/2009. ............................................871.63 .12/22/2008. Merrill Lynch International........... ................184,729 ................184,729 ........ ................189,529 ................189,529 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,529,569 .01/01/2010. .........................................1,447.16 .01/02/2008. Credit Suisse International.......... ................284,004 ................284,004 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,336,534 .01/01/2010. .........................................1,447.16 .01/02/2008. Societe Generale......................... .............1,046,567 .............1,046,567 ........ ..................25,951 ..................25,951 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,257,115 .01/08/2010. .........................................1,390.19 .01/08/2008. BNP Paribas................................ ................590,384 ................590,384 ........ ..................31,414 ..................31,414 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,328,270 .01/08/2010. .........................................1,390.19 .01/08/2008. Credit Suisse International.......... ................211,345 ................211,345 ........ ...........................4 ...........................4 .............................. .............................. ..............................<br />
E18.8
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. .......2,712,269 .01/15/2010. .........................................1,380.95 .01/15/2008. BNP Paribas................................ ................170,873 ................170,873 ........ ..................15,121 ..................15,121 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,199,264 .01/15/2010. .........................................1,380.95 .01/15/2008. Societe Generale......................... ................779,469 ................779,469 ........ ..................40,675 ..................40,675 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......2,325,770 .01/22/2010. ...........................................1,310.5 .01/22/2008. BNP Paribas................................ ................137,918 ................137,918 ........ ....................7,217 ....................7,217 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,849,913 .01/22/2010. ...........................................1,310.5 .01/22/2008. BNP Paribas................................ ................478,809 ................478,809 ........ ..................51,293 ..................51,293 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,036,034 .02/01/2010. .........................................1,395.42 .02/01/2008. Credit Suisse International.......... ................284,032 ................284,032 ........ .............................. .............................. .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....20,728,183 .02/01/2010. .........................................1,395.42 .09/17/2008. BNP Paribas................................ ................562,241 ................562,241 ........ ..................85,448 ..................85,448 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,512,798 .02/08/2010. .........................................1,331.29 .02/08/2008. Credit Suisse International.......... ................206,553 ................206,553 ........ .......................156 .......................156 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,815,240 .02/08/2010. .........................................1,331.29 .09/17/2008. BNP Paribas................................ ................399,604 ................399,604 ........ ..................73,133 ..................73,133 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,429,583 .02/15/2010. .........................................1,349.99 .02/15/2008. Bank of New York........................ ................707,126 ................707,126 ........ ..................57,493 ..................57,493 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,630,220 .02/15/2010. .........................................1,349.99 .02/15/2008. Credit Suisse International.......... ................263,923 ................263,923 ........ ...........................4 ...........................4 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,105,341 .02/22/2010. .........................................1,353.11 .02/22/2008. Credit Suisse International.......... ................254,531 ................254,531 ........ .......................135 .......................135 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,526,046 .02/22/2010. .........................................1,353.11 .09/17/2008. BNP Paribas................................ ................452,631 ................452,631 ........ ..................81,685 ..................81,685 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,010,282 .03/01/2010. .........................................1,331.34 .03/03/2008. Credit Suisse International.......... ................305,126 ................305,126 ........ .........................95 .........................95 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,142,147 .03/01/2010. .........................................1,331.34 .09/17/2008. BNP Paribas................................ ................506,599 ................506,599 ........ ..................98,052 ..................98,052 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,118,066 .03/08/2010. .........................................1,273.37 .03/10/2008. Credit Suisse International.......... ................174,300 ................174,300 ........ .......................576 .......................576 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,754,440 .03/08/2010. .........................................1,273.37 .09/17/2008. BNP Paribas................................ ................572,412 ................572,412 ........ ................133,655 ................133,655 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,408,509 .03/15/2010. ...........................................1,276.6 .03/17/2008. Credit Suisse International.......... ................243,350 ................243,350 ........ .......................150 .......................150 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,935,406 .03/15/2010. ...........................................1,276.6 .09/17/2008. BNP Paribas................................ ................666,315 ................666,315 ........ ................156,042 ................156,042 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,524,718 .03/22/2010. .........................................1,349.88 .03/24/2008. Credit Suisse International.......... ................194,917 ................194,917 ........ .......................188 .......................188 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,547,047 .03/22/2010. .........................................1,349.88 .09/17/2008. BNP Paribas................................ ................494,561 ................494,561 ........ ..................97,277 ..................97,277 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....26,150,620 .04/01/2010. .........................................1,370.18 .04/01/2008. Bank of New York........................ .............1,791,317 .............1,791,317 ........ ................151,027 ................151,027 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,242,563 .04/01/2010. .........................................1,370.18 .04/01/2008. Credit Suisse International.......... ................409,205 ................409,205 ........ .........................36 .........................36 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,406,984 .04/08/2010. .........................................1,365.54 .04/08/2008. Barclays Capital Inc..................... ................234,401 ................234,401 ........ .........................20 .........................20 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,257,098 .04/08/2010. .........................................1,365.54 .04/08/2008. Morgan Stanley & Co International ................767,734 PLC<br />
................767,734 ........ ..................75,708 ..................75,708 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,690,342 .04/15/2010. .........................................1,334.43 .04/15/2008. Bank of New York........................ ................732,288 ................732,288 ........ ..................85,687 ..................85,687 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,608,165 .04/15/2010. .........................................1,334.43 .04/15/2008. BNP Paribas................................ ................290,314 ................290,314 ........ .........................23 .........................23 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,959,739 .04/22/2010. .........................................1,375.94 .04/22/2008. Credit Suisse International.......... ................318,415 ................318,415 ........ .......................304 .......................304 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,161,354 .04/22/2010. .........................................1,375.94 .04/22/2008. Morgan Stanley & Co International ................667,863 PLC<br />
................667,863 ........ ..................62,183 ..................62,183 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,160,361 .05/01/2010. .........................................1,409.34 .05/01/2008. Barclays Capital Inc..................... .............1,064,859 .............1,064,859 ........ ..................76,976 ..................76,976 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,432,513 .05/01/2010. .........................................1,409.34 .05/01/2008. BNP Paribas................................ ................283,681 ................283,681 ........ ..................57,660 ..................57,660 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,471,845 .05/08/2010. .........................................1,397.68 .05/08/2008. Credit Suisse International.......... ................279,938 ................279,938 ........ .......................348 .......................348 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,295,430 .05/08/2010. .........................................1,397.68 .05/08/2008. Sun Trust Bank............................ ................851,675 ................851,675 ........ ..................73,097 ..................73,097 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,910,808 .05/15/2010. .........................................1,423.57 .05/15/2008. Credit Suisse International.......... ................379,474 ................379,474 ........ .........................72 .........................72 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,795,741 .05/15/2010. .........................................1,423.57 .05/15/2008. Societe Generale......................... ................957,121 ................957,121 ........ ..................67,406 ..................67,406 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,200,157 .05/22/2010. .........................................1,394.35 .05/22/2008. Credit Suisse International.......... ................470,170 ................470,170 ........ .......................600 .......................600 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,349,448 .05/22/2010. .........................................1,394.35 .05/22/2008. Sun Trust Bank............................ .............1,049,267 .............1,049,267 ........ ..................95,810 ..................95,810 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,039,883 .06/01/2010. .........................................1,394.35 .06/02/2008. Credit Suisse International.......... ................391,384 ................391,384 ........ .......................181 .......................181 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,130,550 .06/01/2010. .........................................1,385.67 .06/02/2008. Societe Generale......................... ................977,722 ................977,722 ........ ..................91,092 ..................91,092 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,167,618 .06/08/2010. .........................................1,361.76 .06/09/2008. Credit Suisse International.......... ................364,317 ................364,317 ........ ....................1,007 ....................1,007 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,204,133 .06/08/2010. .........................................1,361.76 .06/09/2008. Merrill Lynch International........... ................744,614 ................744,614 ........ ..................83,289 ..................83,289 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,986,126 .06/15/2010. .........................................1,360.14 .06/16/2008. BNP Paribas................................ ................822,857 ................822,857 ........ ..................95,643 ..................95,643 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,807,557 .06/15/2010. .........................................1,360.14 .06/16/2008. BNP Paribas................................ ................274,144 ................274,144 ........ .........................25 .........................25 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,062,404 .06/22/2010. .............................................1,318. .06/23/2008. Bank of New York........................ ................298,587 ................298,587 ........ ....................4,266 ....................4,266 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,348,357 .06/22/2010. .............................................1,318. .06/23/2008. JP Morgan Chase Bank N.A....... ................848,565 ................848,565 ........ ................138,470 ................138,470 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,795,617 .07/01/2010. .........................................1,284.91 .07/01/2008. BNP Paribas................................ .............1,301,660 .............1,301,660 ........ ................253,983 ................253,983 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,729,066 .07/01/2010. .........................................1,284.91 .07/01/2008. BNP Paribas................................ ................484,493 ................484,493 ........ .......................514 .......................514 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,116,887 .07/08/2010. ...........................................1,273.7 .07/08/2008. Credit Suisse International.......... ................368,416 ................368,416 ........ ....................3,775 ....................3,775 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,881,321 .07/08/2010. ...........................................1,273.7 .07/08/2008. JP Morgan Chase Bank N.A....... ................696,296 ................696,296 ........ ................155,660 ................155,660 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,957,630 .07/15/2010. .........................................1,214.91 .07/15/2008. Credit Suisse International.......... ................140,949 ................140,949 ........ ....................2,708 ....................2,708 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,292,031 .07/15/2010. .........................................1,214.91 .07/15/2008. Societe Generale......................... ................708,982 ................708,982 ........ ................215,644 ................215,644 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,126,353 .07/22/2010. .............................................1,277. .07/22/2008. Credit Suisse International.......... ................230,412 ................230,412 ........ ....................2,752 ....................2,752 .............................. .............................. ..............................<br />
E18.9
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
S&P 500 Call Option............................................................. .......9,490,875 .07/22/2010. .............................................1,277. .07/22/2008. Wachovia Capital Markets LLC... ................753,575 ................753,575 ........ ................156,850 ................156,850 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,526,809 .08/01/2010. .........................................1,260.31 .08/01/2008. BNP Paribas................................ ................325,930 ................325,930 ........ ................145,145 ................145,145 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....14,383,978 .08/01/2010. .........................................1,260.31 .08/01/2008. Societe Generale......................... .............1,109,005 .............1,109,005 ........ ................274,515 ................274,515 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,863,248 .08/08/2010. .........................................1,296.32 .08/08/2008. BNP Paribas................................ ................699,310 ................699,310 ........ ................140,302 ................140,302 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,343,258 .08/08/2010. .........................................1,296.32 .08/08/2008. BNP Paribas................................ ................238,040 ................238,040 ........ ..................93,295 ..................93,295 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,832,057 .08/15/2010. ...........................................1,298.2 .08/15/2008. BNP Paribas................................ ................690,667 ................690,667 ........ ................139,662 ................139,662 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,294,827 .08/15/2010. ...........................................1,298.2 .08/15/2008. BNP Paribas................................ ................237,228 ................237,228 ........ ..................97,774 ..................97,774 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,212,471 .08/22/2010. ...........................................1,292.2 .08/22/2008. BNP Paribas................................ ................786,360 ................786,360 ........ ................167,545 ................167,545 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,294,456 .08/22/2010. ...........................................1,292.2 .08/22/2008. BNP Paribas................................ ................233,906 ................233,906 ........ ..................91,434 ..................91,434 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....16,114,260 .09/01/2010. .........................................1,277.58 .09/01/2008. BNP Paribas................................ .............1,240,798 .............1,240,798 ........ ................291,678 ................291,678 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,336,239 .09/01/2010. .........................................1,277.58 .09/01/2008. BNP Paribas................................ ................528,209 ................528,209 ........ ................182,504 ................182,504 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......5,537,669 .09/08/2010. .........................................1,267.79 .09/08/2008. BNP Paribas................................ ................402,035 ................402,035 ........ ................101,649 ................101,649 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,122,061 .09/08/2010. .........................................1,267.79 .09/08/2008. Citibank........................................ ................175,460 ................175,460 ........ .......................356 .......................356 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......7,062,253 .09/15/2010. ...........................................1,192.7 .09/15/2008. BNP Paribas................................ ................524,019 ................524,019 ........ ................192,155 ................192,155 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,405,438 .09/15/2010. ...........................................1,192.7 .09/15/2008. Societe Generale......................... ................228,164 ................228,164 ........ ....................7,224 ....................7,224 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,916,241 .09/22/2010. .........................................1,207.09 .09/22/2008. BNP Paribas................................ ................742,726 ................742,726 ........ ................252,130 ................252,130 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,850,233 .09/22/2010. .........................................1,207.09 .09/22/2008. Societe Generale......................... ................118,970 ................118,970 ........ ....................3,605 ....................3,605 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,765,383 .10/01/2010. .........................................1,161.06 .10/01/2008. JP Morgan Chase Bank N.A....... .............1,050,299 .............1,050,299 ........ ................453,462 ................453,462 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......6,346,207 .10/01/2010. .........................................1,161.06 .10/01/2008. Bank of New York........................ ................361,099 ................361,099 ........ ..................13,397 ..................13,397 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,162,782 .10/08/2010. ............................................984.94 .10/08/2008. Citibank........................................ ................757,127 ................757,127 ........ ................606,632 ................606,632 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,784,052 .10/08/2010. ............................................984.94 .10/08/2008. Societe Generale......................... ................200,933 ................200,933 ........ ..................63,334 ..................63,334 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......8,280,126 .10/15/2010. ............................................907.84 .10/15/2008. Citibank........................................ ................635,074 ................635,074 ........ ................603,145 ................603,145 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,478,898 .10/15/2010. ............................................907.84 .10/15/2008. Bank of New York........................ ................171,858 ................171,858 ........ ..................70,423 ..................70,423 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,182,409 .10/22/2010. ............................................896.78 .10/22/2008. Societe Generale......................... ................912,462 ................912,462 ........ ................910,283 ................910,283 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,028,365 .10/22/2010. ............................................896.78 .10/22/2008. Societe Generale......................... ................132,340 ................132,340 ........ ..................56,851 ..................56,851 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....17,021,068 .11/01/2010. ..............................................966.3 .11/03/2008. Societe Generale......................... .............1,324,239 .............1,324,239 ........ .............1,089,279 .............1,089,279 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,261,786 .11/01/2010. ..............................................966.3 .11/03/2008. Bank of New York........................ ................193,485 ................193,485 ........ ..................43,402 ..................43,402 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......9,406,202 .11/08/2010. ............................................919.21 .11/10/2008. JP Morgan Chase Bank N.A....... ................722,396 ................722,396 ........ ................681,631 ................681,631 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,156,614 .11/08/2010. ............................................919.21 .11/10/2008. Societe Generale......................... ................173,614 ................173,614 ........ ..................98,993 ..................98,993 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,510,076 .11/15/2010. ............................................850.75 .11/17/2008. Citibank........................................ ................933,467 ................933,467 ........ .............1,017,556 .............1,017,556 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,593,267 .11/15/2010. ............................................850.75 .11/17/2008. Bank of New York........................ ................175,351 ................175,351 ........ ................159,325 ................159,325 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....12,517,001 .11/22/2010. ............................................851.81 .11/24/2008. JP Morgan Chase Bank N.A....... .............1,063,945 .............1,063,945 ........ .............1,147,694 .............1,147,694 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......4,315,011 .11/22/2010. ............................................851.81 .11/24/2008. Societe Generale......................... ................217,045 ................217,045 ........ ................218,868 ................218,868 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,018,399 .12/01/2010. ............................................816.21 .12/01/2008. Barclays Capital Inc..................... .............1,003,719 .............1,003,719 ........ .............1,183,164 .............1,183,164 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,730,287 .12/01/2010. ............................................816.21 .12/01/2008. Bank of New York........................ ................253,660 ................253,660 ........ ................167,889 ................167,889 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....10,989,681 .12/08/2010. ..............................................909.7 .12/08/2008. Societe Generale......................... ................879,174 ................879,174 ........ ................845,324 ................845,324 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,577,625 .12/08/2010. ..............................................909.7 .12/08/2008. Societe Generale......................... ................102,546 ................102,546 ........ ..................82,737 ..................82,737 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....11,403,416 .12/15/2010. ............................................868.57 .12/15/2008. BNP Paribas................................ ................863,239 ................863,239 ........ ................931,895 ................931,895 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......1,969,074 .12/15/2010. ............................................868.57 .12/15/2008. Barclays Capital Inc..................... ................104,361 ................104,361 ........ ..................34,124 ..................34,124 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .....13,468,325 .12/22/2010. ............................................871.63 .12/22/2008. Morgan Stanley & Co International .............1,037,061 PLC<br />
.............1,037,061 ........ .............1,081,201 .............1,081,201 .............................. .............................. ..............................<br />
S&P 500 Call Option............................................................. .......3,790,494 .12/22/2010. ............................................871.63 .12/22/2008. Citibank........................................ ................208,477 ................208,477 ........ ..................66,247 ..................66,247 .............................. .............................. ..............................<br />
0199999. Total - Call Options - Hedging ................................................................................................................................................................ ..................................................... .........148,879,057 .........148,879,057 XXX ...........30,892,125 ...........30,892,125 ...........................0 ...........................0 ...........................0<br />
0499999. Total - Call Options.................................................................................................................................................................................. ..................................................... .........148,879,057 .........148,879,057 XXX ...........30,892,125 ...........30,892,125 ...........................0 ...........................0 ...........................0<br />
Caps - Other<br />
5-YEAR CMS........................................................................ .....50,000,000 .01/07/2009. ...................................................8.5 .07/02/2004. Goldman Sachs Capital Markets, L.P. ................125,000 ................125,000 ........ .............................. .............................. .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/14/2009. ...................................................8.5 .01/12/2005. Merrill Lynch Capital Services..... ..................65,000 ..................65,000 ........ .........................26 .........................26 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/14/2009. .....................................................7. .02/10/2005. Wachovia Bank, NA..................... ................125,000 ................125,000 ........ .......................390 .......................390 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/17/2009. .....................................................7. .02/15/2005. UBS AG....................................... ................126,250 ................126,250 ........ .......................406 .......................406 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/17/2009. .....................................................7. .02/15/2005. Wachovia Bank, NA..................... ................125,000 ................125,000 ........ .......................406 .......................406 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/17/2009. .....................................................7. .02/15/2005. Deutsche Bank AG...................... ................127,500 ................127,500 ........ .......................406 .......................406 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/22/2009. .....................................................7. .02/17/2005. JP Morgan Chase & Co............... ................130,000 ................130,000 ........ .......................472 .......................472 .............................. .............................. ..............................<br />
E18.10
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Used to Other<br />
Contracts or Maturity, Price, Date Cost/ Increase/ Adjust Basis Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Book Statement Fair (Decrease) of Hedged Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Value * Value Value by Adjustment Item Income<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/28/2009. .....................................................7. .02/24/2005. JP Morgan Chase & Co............... ................130,000 ................130,000 ........ .......................521 .......................521 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .09/08/2009. .....................................................7. .03/04/2005. JP Morgan Chase & Co............... ................130,000 ................130,000 ........ .......................622 .......................622 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .09/08/2009. .....................................................7. .03/04/2005. HSBC Bank USA, N.A................. ................130,000 ................130,000 ........ .......................622 .......................622 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .10/11/2009. .....................................................7. .04/07/2005. HSBC Bank USA, N.A................. ................160,000 ................160,000 ........ ....................1,062 ....................1,062 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .10/14/2009. .....................................................7. .04/12/2005. UBS AG....................................... ................170,000 ................170,000 ........ ....................1,076 ....................1,076 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .10/15/2009. .....................................................7. .04/13/2005. Rabobank International............... ................170,000 ................170,000 ........ ....................1,119 ....................1,119 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .10/26/2009. .....................................................7. .04/22/2005. Barclays Bank PLC...................... ................165,000 ................165,000 ........ ....................1,347 ....................1,347 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .10/26/2009. .....................................................7. .04/27/2005. Credit Suisse First Boston International ................148,750 ................148,750 ........ ....................1,436 ....................1,436 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/04/2009. .....................................................7. .04/29/2005. Rabobank International............... ................142,500 ................142,500 ........ ....................1,534 ....................1,534 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/09/2009. .....................................................7. .05/05/2005. Rabobank International............... ................147,500 ................147,500 ........ ....................1,664 ....................1,664 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/12/2009. .....................................................7. .05/10/2005. Deutsche Bank AG...................... ................148,750 ................148,750 ........ ....................1,743 ....................1,743 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/12/2009. .....................................................7. .05/10/2005. Banque Paribas........................... ................147,500 ................147,500 ........ ....................1,743 ....................1,743 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/23/2009. .....................................................7. .05/19/2005. Rabobank International............... ................135,000 ................135,000 ........ ....................1,992 ....................1,992 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/23/2009. .....................................................7. .05/19/2005. Credit Suisse First Boston International ................132,500 ................132,500 ........ ....................1,992 ....................1,992 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .11/25/2009. .....................................................7. .05/23/2005. Credit Suisse First Boston International ................125,000 ................125,000 ........ ....................2,033 ....................2,033 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .12/06/2009. .....................................................7. .06/02/2005. UBS AG....................................... ................107,500 ................107,500 ........ ....................2,371 ....................2,371 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .12/20/2009. .....................................................7. .06/16/2005. Rabobank International............... ................130,000 ................130,000 ........ ....................2,736 ....................2,736 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .01/25/2010. .....................................................7. .07/21/2005. Goldman Sachs Capital Markets, L.P. ................127,500 ................127,500 ........ ....................3,779 ....................3,779 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .01/26/2010. .....................................................7. .07/22/2005. Deutsche Bank AG...................... ................132,500 ................132,500 ........ ....................3,807 ....................3,807 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .02/19/2010. .....................................................7. .08/17/2005. Goldman Sachs Capital Markets, L.P. ................115,000 ................115,000 ........ ....................4,689 ....................4,689 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .02/25/2010. .....................................................7. .08/23/2005. Deutsche Bank AG...................... ................121,250 ................121,250 ........ ....................4,879 ....................4,879 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .03/16/2010. .....................................................7. .09/14/2005. JP Morgan Chase & Co............... ................135,000 ................135,000 ........ ....................5,677 ....................5,677 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/06/2010. .....................................................7. .01/04/2006. Wachovia Bank, NA..................... ................165,000 ................165,000 ........ ..................11,706 ..................11,706 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/09/2010. .....................................................7. .01/05/2006. Goldman Sachs Capital Markets, L.P. ................160,000 ................160,000 ........ ..................12,094 ..................12,094 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/11/2010. .....................................................7. .01/09/2006. Morgan Stanley Capital Services Inc. ................156,250 ................156,250 ........ ..................12,223 ..................12,223 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/13/2010. .....................................................7. .01/11/2006. Deutsche Bank AG...................... ................147,500 ................147,500 ........ ..................12,340 ..................12,340 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/19/2010. .....................................................7. .01/17/2006. Rabobank International............... ................148,750 ................148,750 ........ ..................12,793 ..................12,793 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/19/2010. .....................................................7. .01/17/2006. Merrill Lynch Capital Services..... ................145,000 ................145,000 ........ ..................12,934 ..................12,934 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/25/2010. .....................................................7. .01/23/2006. UBS AG....................................... ................143,750 ................143,750 ........ ..................13,362 ..................13,362 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .07/26/2010. .....................................................7. .01/24/2006. Deutsche Bank AG...................... ................140,000 ................140,000 ........ ..................13,369 ..................13,369 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .08/27/2010. .....................................................7. .02/23/2006. JP Morgan Chase & Co............... ................145,000 ................145,000 ........ ..................16,049 ..................16,049 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .09/01/2010. .....................................................7. .02/27/2006. Rabobank International............... ................142,500 ................142,500 ........ ..................16,252 ..................16,252 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .09/02/2010. .....................................................7. .02/28/2006. Goldman Sachs Capital Markets, L.P. ................135,000 ................135,000 ........ ..................16,366 ..................16,366 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .09/02/2010. .....................................................7. .02/28/2006. JP Morgan Chase & Co............... ................135,000 ................135,000 ........ ..................16,366 ..................16,366 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .03/15/2011. .....................................................7. .09/13/2006. Banque Paribas........................... ................149,000 ................149,000 ........ ..................36,719 ..................36,719 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .05/06/2011. .....................................................7. .11/02/2006. Rabobank International............... ................141,250 ................141,250 ........ ..................43,734 ..................43,734 .............................. .............................. ..............................<br />
5-YEAR CMS........................................................................ .....50,000,000 .05/30/2011. .....................................................7. .11/28/2006. Banque Paribas........................... ..................99,500 ..................99,500 ........ ..................47,234 ..................47,234 .............................. .............................. ..............................<br />
1199999. Total - Caps - Other ................................................................................................................................................................................ ..................................................... .............6,028,500 .............6,028,500 XXX ................344,091 ................344,091 ...........................0 ...........................0 ...........................0<br />
1299999. Total - Caps.............................................................................................................................................................................................. ..................................................... .............6,028,500 .............6,028,500 XXX ................344,091 ................344,091 ...........................0 ...........................0 ...........................0<br />
2599999. Total - Hedging ........................................................................................................................................................................................ ..................................................... .........148,879,057 .........148,879,057 XXX ...........30,892,125 ...........30,892,125 ...........................0 ...........................0 ...........................0<br />
2799999. Total - Other ............................................................................................................................................................................................ ..................................................... .............6,028,500 .............6,028,500 XXX ................344,091 ................344,091 ...........................0 ...........................0 ...........................0<br />
9999999. Totals........................................................................................................................................................................................................ ..................................................... .........154,907,557 .........154,907,557 XXX ...........31,236,216 ...........31,236,216 ...........................0 ...........................0 ...........................0<br />
E18.11
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.12<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
Call Options - Hedging<br />
S&P 500 Call Option............................................................................... .....................................................173,266 .....................01/01/2009...................... ....................................................1,468.36 .....................01/02/2008...................... Barclays Capital Inc................................... .......................................................15,601<br />
S&P 500 Call Option............................................................................... .....................................................916,257 .....................01/01/2009...................... ....................................................1,520.05 .....................01/02/2008...................... Barclays Capital Inc................................... .......................................................26,882<br />
S&P 500 Call Option............................................................................... ..................................................1,451,039 .....................01/01/2009...................... ......................................................1,500.7 .....................01/02/2008...................... Barclays Capital Inc................................... .......................................................61,669<br />
S&P 500 Call Option............................................................................... ................................................20,042,456 .....................01/01/2009...................... ....................................................1,447.16 .....................01/02/2008...................... Barclays Capital Inc................................... .....................................................713,511<br />
S&P 500 Call Option............................................................................... ..................................................3,395,613 .....................01/01/2009...................... ....................................................1,447.16 .....................01/02/2008...................... Barclays Capital Inc................................... .....................................................129,712<br />
S&P 500 Call Option............................................................................... ..................................................4,078,483 .....................01/01/2009...................... ....................................................1,447.16 .....................01/02/2008...................... Societe Generale....................................... .....................................................155,798<br />
S&P 500 Call Option............................................................................... ..................................................2,419,857 .....................01/01/2009...................... ....................................................1,540.02 .....................01/02/2008...................... Sun Trust Bank.......................................... .......................................................72,693<br />
S&P 500 Call Option............................................................................... ..................................................4,529,569 .....................01/01/2010...................... ....................................................1,447.16 .....................01/02/2008...................... Credit Suisse International........................ .....................................................284,004<br />
S&P 500 Call Option............................................................................... ................................................14,336,534 .....................01/01/2010...................... ....................................................1,447.16 .....................01/02/2008...................... Societe Generale....................................... ..................................................1,046,567<br />
S&P 500 Call Option............................................................................... .....................................................272,445 .....................01/04/2009...................... ....................................................1,495.62 .....................01/08/2008...................... Wachovia Capital Markets LLC................. .........................................................7,172<br />
S&P 500 Call Option............................................................................... ..................................................2,136,542 .....................01/08/2009...................... ....................................................1,390.19 .....................01/08/2008...................... BNP Paribas.............................................. .......................................................81,616<br />
S&P 500 Call Option............................................................................... .....................................................949,055 .....................01/08/2009...................... ....................................................1,472.91 .....................01/08/2008...................... Credit Suisse International........................ .......................................................30,749<br />
S&P 500 Call Option............................................................................... ................................................12,062,541 .....................01/08/2009...................... ....................................................1,390.19 .....................01/08/2008...................... Morgan Stanley & Co International PLC... .....................................................417,364<br />
S&P 500 Call Option............................................................................... ..................................................2,351,340 .....................01/08/2009...................... ....................................................1,390.19 .....................01/08/2008...................... Morgan Stanley & Co International PLC... .......................................................82,297<br />
S&P 500 Call Option............................................................................... .......................................................39,229 .....................01/08/2009...................... ....................................................1,390.19 .....................01/08/2008...................... Wachovia Capital Markets LLC................. .........................................................3,919<br />
S&P 500 Call Option............................................................................... .....................................................516,780 .....................01/08/2009...................... ....................................................1,459.42 .....................01/08/2008...................... Wachovia Capital Markets LLC................. .......................................................14,573<br />
S&P 500 Call Option............................................................................... .....................................................868,497 .....................01/08/2009...................... ....................................................1,437.04 .....................01/08/2008...................... Wachovia Capital Markets LLC................. .......................................................37,953<br />
S&P 500 Call Option............................................................................... ..................................................8,257,115 .....................01/08/2010...................... ....................................................1,390.19 .....................01/08/2008...................... BNP Paribas.............................................. .....................................................590,384<br />
S&P 500 Call Option............................................................................... ..................................................3,328,270 .....................01/08/2010...................... ....................................................1,390.19 .....................01/08/2008...................... Credit Suisse International........................ .....................................................211,345<br />
S&P 500 Call Option............................................................................... .....................................................268,996 .....................01/11/2009...................... ....................................................1,484.38 .....................01/15/2008...................... Wachovia Capital Markets LLC................. .........................................................7,068<br />
S&P 500 Call Option............................................................................... ..................................................1,831,917 .....................01/15/2009...................... ....................................................1,423.21 .....................01/15/2008...................... Barclays Capital Inc................................... .......................................................83,169<br />
S&P 500 Call Option............................................................................... ................................................16,320,467 .....................01/15/2009...................... ....................................................1,380.95 .....................01/15/2008...................... Barclays Capital Inc................................... .....................................................572,848<br />
S&P 500 Call Option............................................................................... ..................................................3,127,494 .....................01/15/2009...................... ....................................................1,380.95 .....................01/15/2008...................... Credit Suisse International........................ .....................................................111,026<br />
S&P 500 Call Option............................................................................... ..................................................2,459,749 .....................01/15/2009...................... ....................................................1,463.12 .....................01/15/2008...................... Societe Generale....................................... .......................................................80,434<br />
S&P 500 Call Option............................................................................... ..................................................4,232,193 .....................01/15/2009...................... ....................................................1,380.95 .....................01/15/2008...................... Societe Generale....................................... .....................................................169,288<br />
S&P 500 Call Option............................................................................... .....................................................104,858 .....................01/15/2009...................... ....................................................1,380.95 .....................01/15/2008...................... Wachovia Capital Markets LLC................. .......................................................10,444<br />
S&P 500 Call Option............................................................................... .....................................................250,025 .....................01/15/2009...................... ....................................................1,449.31 .....................01/15/2008...................... Wachovia Capital Markets LLC................. .........................................................7,226<br />
S&P 500 Call Option............................................................................... ..................................................2,712,269 .....................01/15/2010...................... ....................................................1,380.95 .....................01/15/2008...................... BNP Paribas.............................................. .....................................................170,873<br />
S&P 500 Call Option............................................................................... ................................................11,199,264 .....................01/15/2010...................... ....................................................1,380.95 .....................01/15/2008...................... Societe Generale....................................... .....................................................779,469<br />
S&P 500 Call Option............................................................................... ................................................11,763,770 .....................01/22/2009...................... ......................................................1,310.5 .....................01/22/2008...................... BNP Paribas.............................................. .....................................................411,732<br />
S&P 500 Call Option............................................................................... ..................................................3,405,609 .....................01/22/2009...................... ......................................................1,310.5 .....................01/22/2008...................... BNP Paribas.............................................. .....................................................126,348<br />
S&P 500 Call Option............................................................................... ..................................................3,322,502 .....................01/22/2009...................... ......................................................1,310.5 .....................01/22/2008...................... Credit Suisse International........................ .....................................................113,297<br />
S&P 500 Call Option............................................................................... .......................................................52,395 .....................01/22/2009...................... ......................................................1,310.5 .....................01/22/2008...................... Wachovia Capital Markets LLC................. .........................................................5,349<br />
S&P 500 Call Option............................................................................... .....................................................582,263 .....................01/22/2009...................... ....................................................1,375.37 .....................01/22/2008...................... Wachovia Capital Markets LLC................. .......................................................17,584<br />
S&P 500 Call Option............................................................................... ..................................................1,097,986 .....................01/22/2009...................... ....................................................1,356.11 .....................01/22/2008...................... Wachovia Capital Markets LLC................. .......................................................51,605<br />
S&P 500 Call Option............................................................................... ..................................................1,954,691 .....................01/22/2009...................... ....................................................1,388.47 .....................01/22/2008...................... Wachovia Capital Markets LLC................. .......................................................68,219<br />
S&P 500 Call Option............................................................................... ..................................................2,325,770 .....................01/22/2010...................... ......................................................1,310.5 .....................01/22/2008...................... BNP Paribas.............................................. .....................................................137,918<br />
S&P 500 Call Option............................................................................... ..................................................6,849,913 .....................01/22/2010...................... ......................................................1,310.5 .....................01/22/2008...................... BNP Paribas.............................................. .....................................................478,809<br />
S&P 500 Call Option............................................................................... ..................................................1,535,895 .....................01/18/2009...................... ....................................................1,404.04 .....................02/01/2008...................... Sun Trust Bank.......................................... .......................................................81,512<br />
S&P 500 Call Option............................................................................... ..................................................1,294,857 .....................02/01/2009...................... ....................................................1,480.54 .....................02/01/2008...................... BNP Paribas.............................................. .......................................................32,889<br />
S&P 500 Call Option............................................................................... ..................................................3,130,061 .....................02/01/2009...................... ....................................................1,395.42 .....................02/01/2008...................... Credit Suisse International........................ .....................................................103,292<br />
S&P 500 Call Option............................................................................... .....................................................118,965 .....................02/01/2009...................... ....................................................1,395.42 .....................02/01/2008...................... Sun Trust Bank.......................................... .......................................................10,885<br />
S&P 500 Call Option............................................................................... .....................................................318,909 .....................02/01/2009...................... ....................................................1,464.49 .....................02/01/2008...................... Sun Trust Bank.......................................... .........................................................9,057<br />
S&P 500 Call Option............................................................................... ..................................................5,036,034 .....................02/01/2010...................... ....................................................1,395.42 .....................02/01/2008...................... Credit Suisse International........................ .....................................................284,032<br />
S&P 500 Call Option............................................................................... ..................................................2,415,827 .....................02/01/2009...................... ....................................................1,465.05 .....................02/01/2008...................... Lehman Brothers Finance S.A.................. .......................................................77,306<br />
S&P 500 Call Option............................................................................... ................................................25,230,845 .....................02/01/2009...................... ....................................................1,395.42 .....................02/01/2008...................... Lehman Brothers Finance S.A.................. .....................................................888,126<br />
S&P 500 Call Option............................................................................... ..................................................3,518,466 .....................02/01/2009...................... ....................................................1,395.42 .....................02/01/2008...................... Lehman Brothers Finance S.A.................. .....................................................129,128<br />
S&P 500 Call Option............................................................................... ................................................20,728,183 .....................02/01/2010...................... ....................................................1,395.42 .....................02/01/2008...................... Lehman Brothers Finance S.A.................. ..................................................1,409,516<br />
S&P 500 Call Option............................................................................... .....................................................456,302 .....................02/01/2009...................... ......................................................1,492.4 .....................02/08/2008...................... Barclays Capital Inc................................... .........................................................6,000<br />
S&P 500 Call Option............................................................................... .....................................................115,641 .....................02/08/2009...................... ....................................................1,331.29 .....................02/08/2008...................... Barclays Capital Inc................................... .......................................................11,506<br />
S&P 500 Call Option............................................................................... .....................................................793,463 .....................02/08/2009...................... ....................................................1,397.19 .....................02/08/2008...................... Barclays Capital Inc................................... .......................................................23,725<br />
S&P 500 Call Option............................................................................... ..................................................2,111,543 .....................02/08/2009...................... ....................................................1,401.32 .....................02/08/2008...................... Barclays Capital Inc................................... .......................................................77,071
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.13<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ..................................................2,553,893 .....................02/08/2009...................... ....................................................1,423.81 .....................02/08/2008...................... Barclays Capital Inc................................... .......................................................76,361<br />
S&P 500 Call Option............................................................................... ..................................................2,734,107 .....................02/08/2009...................... ....................................................1,331.29 .....................02/08/2008...................... Credit Suisse International........................ .......................................................90,226<br />
S&P 500 Call Option............................................................................... ..................................................4,884,128 .....................02/08/2009...................... ....................................................1,331.29 .....................02/08/2008...................... Merrill Lynch International......................... .....................................................178,759<br />
S&P 500 Call Option............................................................................... ..................................................3,512,798 .....................02/08/2010...................... ....................................................1,331.29 .....................02/08/2008...................... Credit Suisse International........................ .....................................................206,553<br />
S&P 500 Call Option............................................................................... ................................................14,938,359 .....................02/08/2009...................... ....................................................1,331.29 .....................02/08/2008...................... Lehman Brothers Finance S.A.................. .....................................................512,386<br />
S&P 500 Call Option............................................................................... ................................................10,815,240 .....................02/08/2010...................... ....................................................1,331.29 .....................02/08/2008...................... Lehman Brothers Finance S.A.................. .....................................................725,703<br />
S&P 500 Call Option............................................................................... .....................................................449,976 .....................02/08/2009...................... ....................................................1,423.81 .....................02/15/2008...................... Wachovia Capital Markets LLC................. .......................................................14,933<br />
S&P 500 Call Option............................................................................... ..................................................1,018,031 .....................02/15/2009...................... ....................................................1,411.82 .....................02/15/2008...................... Bank of New York...................................... .......................................................39,194<br />
S&P 500 Call Option............................................................................... ..................................................3,679,554 .....................02/15/2009...................... ....................................................1,349.99 .....................02/15/2008...................... Bank of New York...................................... .....................................................139,823<br />
S&P 500 Call Option............................................................................... ..................................................4,385,182 .....................02/15/2009...................... ....................................................1,349.99 .....................02/15/2008...................... Credit Suisse International........................ .....................................................142,957<br />
S&P 500 Call Option............................................................................... .......................................................98,199 .....................02/15/2009...................... ....................................................1,349.99 .....................02/15/2008...................... Wachovia Capital Markets LLC................. .........................................................9,584<br />
S&P 500 Call Option............................................................................... .....................................................248,339 .....................02/15/2009...................... ....................................................1,416.81 .....................02/15/2008...................... Wachovia Capital Markets LLC................. .........................................................7,252<br />
S&P 500 Call Option............................................................................... ..................................................1,906,484 .....................02/15/2009...................... ....................................................1,443.81 .....................02/15/2008...................... Wachovia Capital Markets LLC................. .......................................................53,382<br />
S&P 500 Call Option............................................................................... ................................................10,429,583 .....................02/15/2010...................... ....................................................1,349.99 .....................02/15/2008...................... Bank of New York...................................... .....................................................707,126<br />
S&P 500 Call Option............................................................................... ..................................................4,630,220 .....................02/15/2010...................... ....................................................1,349.99 .....................02/15/2008...................... Credit Suisse International........................ .....................................................263,923<br />
S&P 500 Call Option............................................................................... ................................................15,267,014 .....................02/15/2009...................... ....................................................1,349.99 .....................02/15/2008...................... Lehman Brothers Finance S.A.................. .....................................................528,239<br />
S&P 500 Call Option............................................................................... .....................................................419,847 .....................02/15/2009...................... ....................................................1,443.81 .....................02/22/2008...................... Barclays Capital Inc................................... .......................................................10,947<br />
S&P 500 Call Option............................................................................... .....................................................100,446 .....................02/22/2009...................... ....................................................1,353.11 .....................02/22/2008...................... Barclays Capital Inc................................... .........................................................9,783<br />
S&P 500 Call Option............................................................................... .....................................................379,838 .....................02/22/2009...................... ....................................................1,420.09 .....................02/22/2008...................... Barclays Capital Inc................................... .......................................................10,901<br />
S&P 500 Call Option............................................................................... ..................................................2,179,497 .....................02/22/2009...................... ....................................................1,353.11 .....................02/22/2008...................... Credit Suisse International........................ .......................................................72,577<br />
S&P 500 Call Option............................................................................... .....................................................659,616 .....................02/22/2009...................... ....................................................1,423.07 .....................02/22/2008...................... JP Morgan Chase Bank N.A..................... .......................................................22,823<br />
S&P 500 Call Option............................................................................... ..................................................1,272,029 .....................02/22/2009...................... ....................................................1,447.02 .....................02/22/2008...................... JP Morgan Chase Bank N.A..................... .......................................................35,108<br />
S&P 500 Call Option............................................................................... ................................................15,090,845 .....................02/22/2009...................... ....................................................1,353.11 .....................02/22/2008...................... Morgan Stanley & Co International PLC... .....................................................517,616<br />
S&P 500 Call Option............................................................................... ..................................................4,105,341 .....................02/22/2010...................... ....................................................1,353.11 .....................02/22/2008...................... Credit Suisse International........................ .....................................................254,531<br />
S&P 500 Call Option............................................................................... ..................................................3,475,389 .....................02/22/2009...................... ....................................................1,353.11 .....................02/22/2008...................... Lehman Brothers Finance S.A.................. .....................................................127,894<br />
S&P 500 Call Option............................................................................... ................................................13,526,046 .....................02/22/2010...................... ....................................................1,353.11 .....................02/22/2008...................... Lehman Brothers Finance S.A.................. .....................................................911,656<br />
S&P 500 Call Option............................................................................... .....................................................525,007 .....................02/22/2009...................... ....................................................1,447.15 .....................03/03/2008...................... Wachovia Capital Markets LLC................. .......................................................10,984<br />
S&P 500 Call Option............................................................................... ..................................................3,195,278 .....................03/01/2009...................... ....................................................1,331.34 .....................03/03/2008...................... Credit Suisse International........................ .....................................................107,681<br />
S&P 500 Call Option............................................................................... ................................................17,430,688 .....................03/01/2009...................... ....................................................1,331.34 .....................03/03/2008...................... Merrill Lynch International......................... .....................................................601,359<br />
S&P 500 Call Option............................................................................... .......................................................49,233 .....................03/01/2009...................... ....................................................1,330.63 .....................03/03/2008...................... Wachovia Capital Markets LLC................. .........................................................4,658<br />
S&P 500 Call Option............................................................................... .....................................................687,936 .....................03/01/2009...................... ......................................................1,396.5 .....................03/03/2008...................... Wachovia Capital Markets LLC................. .......................................................19,506<br />
S&P 500 Call Option............................................................................... ..................................................5,010,282 .....................03/01/2010...................... ....................................................1,331.34 .....................03/03/2008...................... Credit Suisse International........................ .....................................................305,126<br />
S&P 500 Call Option............................................................................... ..................................................1,353,617 .....................03/01/2009...................... ....................................................1,400.04 .....................03/03/2008...................... Lehman Brothers Finance S.A.................. .......................................................49,407<br />
S&P 500 Call Option............................................................................... ..................................................1,488,975 .....................03/01/2009...................... ....................................................1,423.11 .....................03/03/2008...................... Lehman Brothers Finance S.A.................. .......................................................40,519<br />
S&P 500 Call Option............................................................................... ..................................................4,014,668 .....................03/01/2009...................... ....................................................1,331.34 .....................03/03/2008...................... Lehman Brothers Finance S.A.................. .....................................................150,149<br />
S&P 500 Call Option............................................................................... ................................................13,142,147 .....................03/01/2010...................... ....................................................1,331.34 .....................03/03/2008...................... Lehman Brothers Finance S.A.................. .....................................................902,865<br />
S&P 500 Call Option............................................................................... .....................................................125,457 .....................03/08/2009...................... ....................................................1,293.37 .....................03/10/2008...................... Barclays Capital Inc................................... .......................................................11,415<br />
S&P 500 Call Option............................................................................... .....................................................522,521 .....................03/08/2009...................... ....................................................1,357.39 .....................03/10/2008...................... Barclays Capital Inc................................... .......................................................13,811<br />
S&P 500 Call Option............................................................................... ................................................16,943,152 .....................03/08/2009...................... ....................................................1,273.37 .....................03/10/2008...................... Barclays Capital Inc................................... .....................................................591,316<br />
S&P 500 Call Option............................................................................... ..................................................2,437,995 .....................03/08/2009...................... ....................................................1,273.37 .....................03/10/2008...................... Credit Suisse International........................ .......................................................81,429<br />
S&P 500 Call Option............................................................................... ..................................................1,107,276 .....................03/08/2009...................... ......................................................1,339.2 .....................03/10/2008...................... JP Morgan Chase Bank N.A..................... .......................................................42,962<br />
S&P 500 Call Option............................................................................... ..................................................3,022,606 .....................03/08/2009...................... ....................................................1,383.26 .....................03/10/2008...................... Morgan Stanley & Co International PLC... .......................................................78,897<br />
S&P 500 Call Option............................................................................... ..................................................3,118,066 .....................03/08/2010...................... ....................................................1,273.37 .....................03/10/2008...................... Credit Suisse International........................ .....................................................174,300<br />
S&P 500 Call Option............................................................................... ..................................................3,843,706 .....................03/08/2009...................... ....................................................1,273.37 .....................03/10/2008...................... Lehman Brothers Finance S.A.................. .....................................................141,448<br />
S&P 500 Call Option............................................................................... ................................................11,754,440 .....................03/08/2010...................... ....................................................1,273.37 .....................03/10/2008...................... Lehman Brothers Finance S.A.................. .....................................................799,302<br />
S&P 500 Call Option............................................................................... ..................................................1,390,416 .....................03/15/2009...................... ....................................................1,332.13 .....................03/17/2008...................... Barclays Capital Inc................................... .......................................................61,456<br />
S&P 500 Call Option............................................................................... ................................................20,728,997 .....................03/15/2009...................... ......................................................1,276.6 .....................03/17/2008...................... Barclays Capital Inc................................... .....................................................698,567<br />
S&P 500 Call Option............................................................................... ..................................................5,232,480 .....................03/15/2009...................... ......................................................1,276.6 .....................03/17/2008...................... Barclays Capital Inc................................... .....................................................201,974<br />
S&P 500 Call Option............................................................................... ..................................................2,553,449 .....................03/15/2009...................... ......................................................1,276.6 .....................03/17/2008...................... Credit Suisse International........................ .......................................................84,519<br />
S&P 500 Call Option............................................................................... .....................................................253,764 .....................03/15/2009...................... ....................................................1,288.14 .....................03/17/2008...................... Sun Trust Bank.......................................... .......................................................24,306<br />
S&P 500 Call Option............................................................................... .....................................................529,426 .....................03/15/2009...................... ......................................................1,351.9 .....................03/17/2008...................... Sun Trust Bank.......................................... .......................................................15,626<br />
S&P 500 Call Option............................................................................... ..................................................2,508,009 .....................03/15/2009...................... ....................................................1,375.99 .....................03/17/2008...................... Sun Trust Bank.......................................... .......................................................76,576
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.14<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ..................................................4,408,509 .....................03/15/2010...................... ......................................................1,276.6 .....................03/17/2008...................... Credit Suisse International........................ .....................................................243,350<br />
S&P 500 Call Option............................................................................... ................................................13,935,406 .....................03/15/2010...................... ......................................................1,276.6 .....................03/17/2008...................... Lehman Brothers Finance S.A.................. .....................................................930,885<br />
S&P 500 Call Option............................................................................... .....................................................431,491 .....................03/17/2009...................... ....................................................1,365.32 .....................03/24/2008...................... BNP Paribas.............................................. .......................................................24,654<br />
S&P 500 Call Option............................................................................... .......................................................86,418 .....................03/22/2009...................... ....................................................1,329.51 .....................03/24/2008...................... BNP Paribas.............................................. .........................................................9,227<br />
S&P 500 Call Option............................................................................... .....................................................574,348 .....................03/22/2009...................... ....................................................1,395.45 .....................03/24/2008...................... BNP Paribas.............................................. .......................................................19,462<br />
S&P 500 Call Option............................................................................... ..................................................1,594,197 .....................03/22/2009...................... ......................................................1,419.4 .....................03/24/2008...................... BNP Paribas.............................................. .......................................................55,956<br />
S&P 500 Call Option............................................................................... ................................................18,148,055 .....................03/22/2009...................... ....................................................1,349.88 .....................03/24/2008...................... BNP Paribas.............................................. .....................................................647,886<br />
S&P 500 Call Option............................................................................... ..................................................3,088,233 .....................03/22/2009...................... ....................................................1,349.88 .....................03/24/2008...................... Credit Suisse International........................ .....................................................104,073<br />
S&P 500 Call Option............................................................................... ..................................................3,524,718 .....................03/22/2010...................... ....................................................1,349.88 .....................03/24/2008...................... Credit Suisse International........................ .....................................................194,917<br />
S&P 500 Call Option............................................................................... ..................................................2,916,945 .....................03/22/2009...................... ....................................................1,419.65 .....................03/24/2008...................... Lehman Brothers Finance S.A.................. .....................................................100,858<br />
S&P 500 Call Option............................................................................... ..................................................3,751,866 .....................03/22/2009...................... ....................................................1,349.88 .....................03/24/2008...................... Lehman Brothers Finance S.A.................. .....................................................138,069<br />
S&P 500 Call Option............................................................................... ................................................13,547,047 .....................03/22/2010...................... ....................................................1,349.88 .....................03/24/2008...................... Lehman Brothers Finance S.A.................. .....................................................937,456<br />
S&P 500 Call Option............................................................................... .....................................................472,164 .....................03/28/2009...................... ....................................................1,406.63 .....................04/01/2008...................... Bank of New York...................................... .......................................................21,159<br />
S&P 500 Call Option............................................................................... .....................................................197,031 .....................04/01/2009...................... ....................................................1,370.18 .....................04/01/2008...................... Bank of New York...................................... .......................................................18,718<br />
S&P 500 Call Option............................................................................... .....................................................423,528 .....................04/01/2009...................... ........................................................1,438. .....................04/01/2008...................... Bank of New York...................................... .......................................................12,071<br />
S&P 500 Call Option............................................................................... ..................................................5,311,576 .....................04/01/2009...................... ....................................................1,370.18 .....................04/01/2008...................... Bank of New York...................................... .....................................................194,935<br />
S&P 500 Call Option............................................................................... ................................................33,607,524 .....................04/01/2009...................... ....................................................1,370.18 .....................04/01/2008...................... Credit Suisse International........................ ..................................................1,179,624<br />
S&P 500 Call Option............................................................................... ..................................................2,860,209 .....................04/01/2009...................... ....................................................1,370.18 .....................04/01/2008...................... Credit Suisse International........................ .......................................................98,677<br />
S&P 500 Call Option............................................................................... ................................................26,150,620 .....................04/01/2010...................... ....................................................1,370.18 .....................04/01/2008...................... Bank of New York...................................... ..................................................1,791,317<br />
S&P 500 Call Option............................................................................... ..................................................7,242,563 .....................04/01/2010...................... ....................................................1,370.18 .....................04/01/2008...................... Credit Suisse International........................ .....................................................409,205<br />
S&P 500 Call Option............................................................................... ..................................................1,835,364 .....................04/01/2009...................... ....................................................1,441.29 .....................04/01/2008...................... Lehman Brothers Finance S.A.................. .......................................................58,181<br />
S&P 500 Call Option............................................................................... ..................................................2,705,698 .....................04/01/2009...................... ......................................................1,461.3 .....................04/01/2008...................... Lehman Brothers Finance S.A.................. .......................................................70,619<br />
S&P 500 Call Option............................................................................... .....................................................819,499 .....................04/04/2009...................... ......................................................1,462.9 .....................04/08/2008...................... Sun Trust Bank.......................................... .......................................................19,714<br />
S&P 500 Call Option............................................................................... ..................................................3,130,296 .....................04/08/2009...................... ....................................................1,365.54 .....................04/08/2008...................... Barclays Capital Inc................................... .....................................................115,621<br />
S&P 500 Call Option............................................................................... .....................................................862,619 .....................04/08/2009...................... ....................................................1,435.87 .....................04/08/2008...................... Merrill Lynch International......................... .......................................................27,604<br />
S&P 500 Call Option............................................................................... ..................................................2,083,021 .....................04/08/2009...................... ....................................................1,455.26 .....................04/08/2008...................... Merrill Lynch International......................... .......................................................55,617<br />
S&P 500 Call Option............................................................................... ................................................13,928,090 .....................04/08/2009...................... ....................................................1,365.54 .....................04/08/2008...................... Morgan Stanley & Co International PLC... .....................................................494,447<br />
S&P 500 Call Option............................................................................... .....................................................122,485 .....................04/08/2009...................... ....................................................1,365.54 .....................04/08/2008...................... Sun Trust Bank.......................................... .......................................................11,207<br />
S&P 500 Call Option............................................................................... .....................................................378,798 .....................04/08/2009...................... ......................................................1,430.4 .....................04/08/2008...................... Sun Trust Bank.......................................... .......................................................10,417<br />
S&P 500 Call Option............................................................................... ..................................................3,424,319 .....................04/08/2009...................... ....................................................1,365.54 .....................04/08/2008...................... Sun Trust Bank.......................................... .....................................................126,700<br />
S&P 500 Call Option............................................................................... ..................................................3,406,984 .....................04/08/2010...................... ....................................................1,365.54 .....................04/08/2008...................... Barclays Capital Inc................................... .....................................................234,401<br />
S&P 500 Call Option............................................................................... ................................................11,257,098 .....................04/08/2010...................... ....................................................1,365.54 .....................04/08/2008...................... Morgan Stanley & Co International PLC... .....................................................767,734<br />
S&P 500 Call Option............................................................................... .....................................................318,546 .....................04/11/2009...................... ......................................................1,422.8 .....................04/15/2008...................... Barclays Capital Inc................................... .........................................................9,044<br />
S&P 500 Call Option............................................................................... .....................................................328,095 .....................04/14/2009...................... ....................................................1,417.98 .....................04/15/2008...................... Barclays Capital Inc................................... .........................................................9,947<br />
S&P 500 Call Option............................................................................... ..................................................4,460,327 .....................04/15/2009...................... ....................................................1,334.43 .....................04/15/2008...................... Bank of New York...................................... .....................................................169,492<br />
S&P 500 Call Option............................................................................... .....................................................129,126 .....................04/15/2009...................... ....................................................1,334.43 .....................04/15/2008...................... Barclays Capital Inc................................... .......................................................12,848<br />
S&P 500 Call Option............................................................................... .....................................................424,350 .....................04/15/2009...................... ....................................................1,397.82 .....................04/15/2008...................... Barclays Capital Inc................................... .......................................................12,603<br />
S&P 500 Call Option............................................................................... ................................................16,570,209 .....................04/15/2009...................... ....................................................1,334.43 .....................04/15/2008...................... Barclays Capital Inc................................... .....................................................599,842<br />
S&P 500 Call Option............................................................................... ..................................................5,823,282 .....................04/15/2009...................... ....................................................1,334.43 .....................04/15/2008...................... Societe Generale....................................... .....................................................224,196<br />
S&P 500 Call Option............................................................................... ..................................................1,636,740 .....................04/15/2009...................... ....................................................1,391.14 .....................04/15/2008...................... Wachovia Capital Markets LLC................. .......................................................59,086<br />
S&P 500 Call Option............................................................................... ..................................................2,722,450 .....................04/15/2009...................... ......................................................1,422.1 .....................04/15/2008...................... Wachovia Capital Markets LLC................. .......................................................74,051<br />
S&P 500 Call Option............................................................................... ................................................10,690,342 .....................04/15/2010...................... ....................................................1,334.43 .....................04/15/2008...................... Bank of New York...................................... .....................................................732,288<br />
S&P 500 Call Option............................................................................... ..................................................4,608,165 .....................04/15/2010...................... ....................................................1,334.43 .....................04/15/2008...................... BNP Paribas.............................................. .....................................................290,314<br />
S&P 500 Call Option............................................................................... .....................................................202,988 .....................04/18/2009...................... ....................................................1,484.18 .....................04/22/2008...................... Sun Trust Bank.......................................... .........................................................3,917<br />
S&P 500 Call Option............................................................................... .....................................................215,166 .....................04/21/2009...................... ....................................................1,481.87 .....................04/22/2008...................... Sun Trust Bank.......................................... .........................................................4,405<br />
S&P 500 Call Option............................................................................... ................................................17,372,583 .....................04/22/2009...................... ....................................................1,375.94 .....................04/22/2008...................... Bank of New York...................................... .....................................................642,786<br />
S&P 500 Call Option............................................................................... ..................................................4,192,171 .....................04/22/2009...................... ....................................................1,375.94 .....................04/22/2008...................... Credit Suisse International........................ .....................................................157,206<br />
S&P 500 Call Option............................................................................... .....................................................103,420 .....................04/22/2009...................... ....................................................1,375.94 .....................04/22/2008...................... Sun Trust Bank.......................................... .........................................................9,360<br />
S&P 500 Call Option............................................................................... .....................................................480,716 .....................04/22/2009...................... ......................................................1,441.3 .....................04/22/2008...................... Sun Trust Bank.......................................... .......................................................12,643<br />
S&P 500 Call Option............................................................................... ..................................................6,277,506 .....................04/22/2009...................... ....................................................1,375.94 .....................04/22/2008...................... Sun Trust Bank.......................................... .....................................................238,545<br />
S&P 500 Call Option............................................................................... ..................................................2,286,831 .....................04/22/2009...................... ....................................................1,437.86 .....................04/22/2008...................... Sun Trust Bank.......................................... .......................................................73,179<br />
S&P 500 Call Option............................................................................... ..................................................3,920,604 .....................04/22/2009...................... ....................................................1,465.51 .....................04/22/2008...................... Sun Trust Bank.......................................... .......................................................95,271
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.15<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ..................................................4,959,739 .....................04/22/2010...................... ....................................................1,375.94 .....................04/22/2008...................... Credit Suisse International........................ .....................................................318,415<br />
S&P 500 Call Option............................................................................... ..................................................9,161,354 .....................04/22/2010...................... ....................................................1,375.94 .....................04/22/2008...................... Morgan Stanley & Co International PLC... .....................................................667,863<br />
S&P 500 Call Option............................................................................... ..................................................1,087,520 .....................04/25/2009...................... ....................................................1,492.19 .....................05/01/2008...................... Barclays Capital Inc................................... .......................................................25,301<br />
S&P 500 Call Option............................................................................... .....................................................188,264 .....................05/01/2009...................... ....................................................1,409.34 .....................05/01/2008...................... Barclays Capital Inc................................... .......................................................16,002<br />
S&P 500 Call Option............................................................................... .....................................................298,932 .....................05/01/2009...................... ....................................................1,476.28 .....................05/01/2008...................... Barclays Capital Inc................................... .........................................................7,473<br />
S&P 500 Call Option............................................................................... ................................................24,110,298 .....................05/01/2009...................... ....................................................1,409.34 .....................05/01/2008...................... Barclays Capital Inc................................... .....................................................896,903<br />
S&P 500 Call Option............................................................................... ..................................................3,936,014 .....................05/01/2009...................... ....................................................1,409.34 .....................05/01/2008...................... Morgan Stanley & Co International PLC... .....................................................146,420<br />
S&P 500 Call Option............................................................................... ..................................................6,154,371 .....................05/01/2009...................... ....................................................1,409.34 .....................05/01/2008...................... Societe Generale....................................... .....................................................233,866<br />
S&P 500 Call Option............................................................................... ..................................................1,989,386 .....................05/01/2009...................... ....................................................1,464.73 .....................05/01/2008...................... Wachovia Capital Markets LLC................. .......................................................59,783<br />
S&P 500 Call Option............................................................................... ..................................................2,775,175 .....................05/01/2009...................... ....................................................1,500.24 .....................05/01/2008...................... Wachovia Capital Markets LLC................. .......................................................57,923<br />
S&P 500 Call Option............................................................................... ................................................14,160,361 .....................05/01/2010...................... ....................................................1,409.34 .....................05/01/2008...................... Barclays Capital Inc................................... ..................................................1,064,859<br />
S&P 500 Call Option............................................................................... ..................................................4,432,513 .....................05/01/2010...................... ....................................................1,409.34 .....................05/01/2008...................... BNP Paribas.............................................. .....................................................283,681<br />
S&P 500 Call Option............................................................................... ..................................................3,478,248 .....................05/08/2009...................... ....................................................1,397.68 .....................05/08/2008...................... Credit Suisse International........................ .....................................................124,173<br />
S&P 500 Call Option............................................................................... ................................................18,195,681 .....................05/08/2009...................... ....................................................1,397.68 .....................05/08/2008...................... Credit Suisse International........................ .....................................................689,616<br />
S&P 500 Call Option............................................................................... ..................................................4,556,079 .....................05/08/2009...................... ....................................................1,397.68 .....................05/08/2008...................... Sun Trust Bank.......................................... .....................................................175,409<br />
S&P 500 Call Option............................................................................... ..................................................1,975,634 .....................05/08/2009...................... ....................................................1,449.25 .....................05/08/2008...................... Sun Trust Bank.......................................... .......................................................63,023<br />
S&P 500 Call Option............................................................................... .......................................................96,679 .....................05/08/2009...................... ....................................................1,397.68 .....................05/08/2008...................... Wachovia Capital Markets LLC................. .........................................................8,363<br />
S&P 500 Call Option............................................................................... .....................................................939,130 .....................05/08/2009...................... ....................................................1,457.08 .....................05/08/2008...................... Wachovia Capital Markets LLC................. .......................................................22,633<br />
S&P 500 Call Option............................................................................... ..................................................4,026,306 .....................05/08/2009...................... ....................................................1,481.54 .....................05/08/2008...................... Wachovia Capital Markets LLC................. .......................................................91,800<br />
S&P 500 Call Option............................................................................... ..................................................4,471,845 .....................05/08/2010...................... ....................................................1,397.68 .....................05/08/2008...................... Credit Suisse International........................ .....................................................279,938<br />
S&P 500 Call Option............................................................................... ................................................11,295,430 .....................05/08/2010...................... ....................................................1,397.68 .....................05/08/2008...................... Sun Trust Bank.......................................... .....................................................851,675<br />
S&P 500 Call Option............................................................................... .......................................................83,374 .....................05/15/2009...................... ....................................................1,423.57 .....................05/15/2008...................... Bank of New York...................................... .........................................................7,045<br />
S&P 500 Call Option............................................................................... .....................................................715,061 .....................05/15/2009...................... ....................................................1,484.07 .....................05/15/2008...................... Bank of New York...................................... .......................................................16,446<br />
S&P 500 Call Option............................................................................... ..................................................2,172,182 .....................05/15/2009...................... ....................................................1,471.26 .....................05/15/2008...................... Barclays Capital Inc................................... .......................................................68,424<br />
S&P 500 Call Option............................................................................... ..................................................3,039,592 .....................05/15/2009...................... ....................................................1,508.98 .....................05/15/2008...................... Barclays Capital Inc................................... .......................................................64,135<br />
S&P 500 Call Option............................................................................... ..................................................2,820,062 .....................05/15/2009...................... ....................................................1,423.57 .....................05/15/2008...................... Credit Suisse International........................ .....................................................104,624<br />
S&P 500 Call Option............................................................................... ................................................16,117,613 .....................05/15/2009...................... ....................................................1,423.57 .....................05/15/2008...................... Societe Generale....................................... .....................................................612,469<br />
S&P 500 Call Option............................................................................... ..................................................4,596,524 .....................05/15/2009...................... ....................................................1,423.57 .....................05/15/2008...................... Societe Generale....................................... .....................................................183,861<br />
S&P 500 Call Option............................................................................... ..................................................5,910,808 .....................05/15/2010...................... ....................................................1,423.57 .....................05/15/2008...................... Credit Suisse International........................ .....................................................379,474<br />
S&P 500 Call Option............................................................................... ................................................12,795,741 .....................05/15/2010...................... ....................................................1,423.57 .....................05/15/2008...................... Societe Generale....................................... .....................................................957,121<br />
S&P 500 Call Option............................................................................... .....................................................656,250 .....................05/19/2009...................... ....................................................1,512.23 .....................05/22/2008...................... Sun Trust Bank.......................................... .......................................................10,238<br />
S&P 500 Call Option............................................................................... ..................................................3,794,878 .....................05/22/2009...................... ....................................................1,394.35 .....................05/22/2008...................... Bank of New York...................................... .....................................................149,139<br />
S&P 500 Call Option............................................................................... ................................................23,817,254 .....................05/22/2009...................... ....................................................1,394.35 .....................05/22/2008...................... Morgan Stanley & Co International PLC... .....................................................907,437<br />
S&P 500 Call Option............................................................................... ..................................................2,789,775 .....................05/22/2009...................... ....................................................1,394.35 .....................05/22/2008...................... Sun Trust Bank.......................................... .....................................................106,011<br />
S&P 500 Call Option............................................................................... .....................................................220,234 .....................05/22/2009...................... ....................................................1,394.35 .....................05/22/2008...................... Sun Trust Bank.......................................... .......................................................19,733<br />
S&P 500 Call Option............................................................................... ..................................................1,275,881 .....................05/22/2009...................... ....................................................1,453.61 .....................05/22/2008...................... Sun Trust Bank.......................................... .......................................................34,704<br />
S&P 500 Call Option............................................................................... ..................................................2,442,442 .....................05/22/2009...................... ....................................................1,444.96 .....................05/22/2008...................... Sun Trust Bank.......................................... .......................................................82,066<br />
S&P 500 Call Option............................................................................... ..................................................4,171,362 .....................05/22/2009...................... ....................................................1,478.01 .....................05/22/2008...................... Sun Trust Bank.......................................... .......................................................99,278<br />
S&P 500 Call Option............................................................................... ..................................................7,200,157 .....................05/22/2010...................... ....................................................1,394.35 .....................05/22/2008...................... Credit Suisse International........................ .....................................................470,170<br />
S&P 500 Call Option............................................................................... ................................................13,349,448 .....................05/22/2010...................... ....................................................1,394.35 .....................05/22/2008...................... Sun Trust Bank.......................................... ..................................................1,049,267<br />
S&P 500 Call Option............................................................................... .....................................................206,390 .....................05/23/2009...................... ....................................................1,458.49 .....................06/02/2008...................... Sun Trust Bank.......................................... .........................................................5,331<br />
S&P 500 Call Option............................................................................... ................................................23,031,485 .....................06/01/2009...................... ....................................................1,385.67 .....................06/02/2008...................... Barclays Capital Inc................................... .....................................................893,622<br />
S&P 500 Call Option............................................................................... ..................................................4,329,993 .....................06/01/2009...................... ....................................................1,385.67 .....................06/02/2008...................... BNP Paribas.............................................. .....................................................166,705<br />
S&P 500 Call Option............................................................................... ..................................................5,744,352 .....................06/01/2009...................... ....................................................1,385.67 .....................06/02/2008...................... Societe Generale....................................... .....................................................228,051<br />
S&P 500 Call Option............................................................................... .....................................................142,839 .....................06/01/2009...................... ....................................................1,400.38 .....................06/02/2008...................... Sun Trust Bank.......................................... .......................................................11,937<br />
S&P 500 Call Option............................................................................... .....................................................354,296 .....................06/01/2009...................... ......................................................1,459.9 .....................06/02/2008...................... Sun Trust Bank.......................................... .........................................................8,453<br />
S&P 500 Call Option............................................................................... ..................................................2,532,586 .....................06/01/2009...................... ....................................................1,410.89 .....................06/02/2008...................... Sun Trust Bank.......................................... .....................................................109,914<br />
S&P 500 Call Option............................................................................... ..................................................3,332,904 .....................06/01/2009...................... ....................................................1,478.94 .....................06/02/2008...................... Sun Trust Bank.......................................... .......................................................73,661<br />
S&P 500 Call Option............................................................................... ..................................................6,039,883 .....................06/01/2010...................... ....................................................1,394.35 .....................06/02/2008...................... Credit Suisse International........................ .....................................................391,384<br />
S&P 500 Call Option............................................................................... ................................................12,130,550 .....................06/01/2010...................... ....................................................1,385.67 .....................06/02/2008...................... Societe Generale....................................... .....................................................977,722<br />
S&P 500 Call Option............................................................................... ..................................................3,550,555 .....................06/08/2009...................... ....................................................1,361.76 .....................06/09/2008...................... Credit Suisse International........................ .....................................................127,465<br />
S&P 500 Call Option............................................................................... ................................................16,168,990 .....................06/08/2009...................... ....................................................1,361.76 .....................06/09/2008...................... Credit Suisse International........................ .....................................................624,123
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.16<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ..................................................3,185,414 .....................06/08/2009...................... ....................................................1,361.76 .....................06/09/2008...................... Merrill Lynch International......................... .....................................................129,965<br />
S&P 500 Call Option............................................................................... ..................................................1,874,326 .....................06/08/2009...................... ....................................................1,384.64 .....................06/09/2008...................... Merrill Lynch International......................... .......................................................90,155<br />
S&P 500 Call Option............................................................................... ..................................................1,612,406 .....................06/08/2009...................... ....................................................1,418.65 .....................06/09/2008...................... Merrill Lynch International......................... .......................................................57,986<br />
S&P 500 Call Option............................................................................... .....................................................145,593 .....................06/08/2009...................... ....................................................1,360.68 .....................06/09/2008...................... Sun Trust Bank.......................................... .......................................................14,063<br />
S&P 500 Call Option............................................................................... .....................................................446,303 .....................06/08/2009...................... ......................................................1,398.1 .....................06/09/2008...................... Sun Trust Bank.......................................... .......................................................15,468<br />
S&P 500 Call Option............................................................................... ..................................................5,167,618 .....................06/08/2010...................... ....................................................1,361.76 .....................06/09/2008...................... Credit Suisse International........................ .....................................................364,317<br />
S&P 500 Call Option............................................................................... ..................................................9,204,133 .....................06/08/2010...................... ....................................................1,361.76 .....................06/09/2008...................... Merrill Lynch International......................... .....................................................744,614<br />
S&P 500 Call Option............................................................................... .....................................................408,528 .....................06/09/2009...................... ....................................................1,416.23 .....................06/16/2008...................... Sun Trust Bank.......................................... .......................................................13,968<br />
S&P 500 Call Option............................................................................... ................................................18,487,477 .....................06/15/2009...................... ....................................................1,360.14 .....................06/16/2008...................... Credit Suisse International........................ .....................................................733,953<br />
S&P 500 Call Option............................................................................... ..................................................3,015,580 .....................06/15/2009...................... ....................................................1,360.14 .....................06/16/2008...................... Morgan Stanley & Co International PLC... .....................................................115,798<br />
S&P 500 Call Option............................................................................... ..................................................4,410,776 .....................06/15/2009...................... ....................................................1,360.14 .....................06/16/2008...................... Societe Generale....................................... .....................................................185,253<br />
S&P 500 Call Option............................................................................... .......................................................63,921 .....................06/15/2009...................... ....................................................1,360.03 .....................06/16/2008...................... Sun Trust Bank.......................................... .........................................................5,961<br />
S&P 500 Call Option............................................................................... .....................................................157,763 .....................06/15/2009...................... ....................................................1,397.43 .....................06/16/2008...................... Sun Trust Bank.......................................... .........................................................5,222<br />
S&P 500 Call Option............................................................................... ..................................................1,775,583 .....................06/15/2009...................... ....................................................1,382.31 .....................06/16/2008...................... Sun Trust Bank.......................................... .......................................................80,434<br />
S&P 500 Call Option............................................................................... ..................................................3,427,276 .....................06/15/2009...................... ....................................................1,417.02 .....................06/16/2008...................... Sun Trust Bank.......................................... .....................................................116,071<br />
S&P 500 Call Option............................................................................... ..................................................9,986,126 .....................06/15/2010...................... ....................................................1,360.14 .....................06/16/2008...................... BNP Paribas.............................................. .....................................................822,857<br />
S&P 500 Call Option............................................................................... ..................................................3,807,557 .....................06/15/2010...................... ....................................................1,360.14 .....................06/16/2008...................... BNP Paribas.............................................. .....................................................274,144<br />
S&P 500 Call Option............................................................................... ..................................................1,293,493 .....................06/16/2009...................... ....................................................1,414.55 .....................06/23/2008...................... Morgan Stanley & Co International PLC... .......................................................28,007<br />
S&P 500 Call Option............................................................................... ..................................................3,240,574 .....................06/22/2009...................... ........................................................1,318. .....................06/23/2008...................... Credit Suisse International........................ .....................................................124,438<br />
S&P 500 Call Option............................................................................... ..................................................4,134,996 .....................06/22/2009...................... ........................................................1,318. .....................06/23/2008...................... Merrill Lynch International......................... .....................................................172,843<br />
S&P 500 Call Option............................................................................... .....................................................112,024 .....................06/22/2009...................... ....................................................1,317.93 .....................06/23/2008...................... Morgan Stanley & Co International PLC... .......................................................10,572<br />
S&P 500 Call Option............................................................................... .....................................................357,159 .....................06/22/2009...................... ......................................................1,352.2 .....................06/23/2008...................... Morgan Stanley & Co International PLC... .......................................................12,051<br />
S&P 500 Call Option............................................................................... ................................................17,565,628 .....................06/22/2009...................... ........................................................1,318. .....................06/23/2008...................... Morgan Stanley & Co International PLC... .....................................................690,329<br />
S&P 500 Call Option............................................................................... ..................................................1,954,681 .....................06/22/2009...................... ....................................................1,337.51 .....................06/23/2008...................... Wachovia Capital Markets LLC................. .......................................................93,434<br />
S&P 500 Call Option............................................................................... ..................................................1,937,357 .....................06/22/2009...................... ......................................................1,365.9 .....................06/23/2008...................... Wachovia Capital Markets LLC................. .......................................................72,074<br />
S&P 500 Call Option............................................................................... ..................................................4,062,404 .....................06/22/2010...................... ........................................................1,318. .....................06/23/2008...................... Bank of New York...................................... .....................................................298,587<br />
S&P 500 Call Option............................................................................... ................................................10,348,357 .....................06/22/2010...................... ........................................................1,318. .....................06/23/2008...................... JP Morgan Chase Bank N.A..................... .....................................................848,565<br />
S&P 500 Call Option............................................................................... .....................................................251,738 .....................06/23/2009...................... ....................................................1,370.72 .....................07/01/2008...................... Sun Trust Bank.......................................... .........................................................6,160<br />
S&P 500 Call Option............................................................................... ..................................................3,053,740 .....................07/01/2009...................... ........................................................1,316. .....................07/01/2008...................... BNP Paribas.............................................. .....................................................135,586<br />
S&P 500 Call Option............................................................................... ..................................................6,443,663 .....................07/01/2009...................... ....................................................1,342.73 .....................07/01/2008...................... BNP Paribas.............................................. .....................................................224,884<br />
S&P 500 Call Option............................................................................... ..................................................3,791,524 .....................07/01/2009...................... ....................................................1,284.91 .....................07/01/2008...................... Credit Suisse International........................ .....................................................153,936<br />
S&P 500 Call Option............................................................................... ................................................26,108,410 .....................07/01/2009...................... ....................................................1,284.91 .....................07/01/2008...................... Credit Suisse International........................ ..................................................1,005,174<br />
S&P 500 Call Option............................................................................... .......................................................82,494 .....................07/01/2009...................... ....................................................1,284.91 .....................07/01/2008...................... Sun Trust Bank.......................................... .........................................................7,837<br />
S&P 500 Call Option............................................................................... .....................................................262,437 .....................07/01/2009...................... ....................................................1,320.25 .....................07/01/2008...................... Sun Trust Bank.......................................... .........................................................9,133<br />
S&P 500 Call Option............................................................................... ..................................................6,052,782 .....................07/01/2009...................... ....................................................1,284.91 .....................07/01/2008...................... Sun Trust Bank.......................................... .....................................................244,532<br />
S&P 500 Call Option............................................................................... ................................................16,795,617 .....................07/01/2010...................... ....................................................1,284.91 .....................07/01/2008...................... BNP Paribas.............................................. ..................................................1,301,660<br />
S&P 500 Call Option............................................................................... ..................................................6,729,066 .....................07/01/2010...................... ....................................................1,284.91 .....................07/01/2008...................... BNP Paribas.............................................. .....................................................484,493<br />
S&P 500 Call Option............................................................................... .....................................................375,693 .....................07/07/2009...................... ....................................................1,324.32 .....................07/08/2008...................... Sun Trust Bank.......................................... .......................................................14,367<br />
S&P 500 Call Option............................................................................... ..................................................1,564,143 .....................07/08/2009...................... ....................................................1,347.19 .....................07/08/2008...................... JP Morgan Chase Bank N.A..................... .......................................................47,237<br />
S&P 500 Call Option............................................................................... ................................................13,039,632 .....................07/08/2009...................... ......................................................1,273.7 .....................07/08/2008...................... Merrill Lynch International......................... .....................................................515,066<br />
S&P 500 Call Option............................................................................... .......................................................17,717 .....................07/08/2009...................... ......................................................1,273.7 .....................07/08/2008...................... Sun Trust Bank.......................................... .........................................................1,694<br />
S&P 500 Call Option............................................................................... .....................................................185,917 .....................07/08/2009...................... ....................................................1,321.59 .....................07/08/2008...................... Sun Trust Bank.......................................... .........................................................5,875<br />
S&P 500 Call Option............................................................................... ..................................................2,937,712 .....................07/08/2009...................... ......................................................1,273.7 .....................07/08/2008...................... Sun Trust Bank.......................................... .....................................................118,977<br />
S&P 500 Call Option............................................................................... ..................................................2,827,229 .....................07/08/2009...................... ......................................................1,273.7 .....................07/08/2008...................... Wachovia Capital Markets LLC................. .....................................................109,979<br />
S&P 500 Call Option............................................................................... ..................................................1,492,816 .....................07/08/2009...................... ....................................................1,301.85 .....................07/08/2008...................... Wachovia Capital Markets LLC................. .......................................................68,072<br />
S&P 500 Call Option............................................................................... ..................................................5,116,887 .....................07/08/2010...................... ......................................................1,273.7 .....................07/08/2008...................... Credit Suisse International........................ .....................................................368,416<br />
S&P 500 Call Option............................................................................... ..................................................8,881,321 .....................07/08/2010...................... ......................................................1,273.7 .....................07/08/2008...................... JP Morgan Chase Bank N.A..................... .....................................................696,296<br />
S&P 500 Call Option............................................................................... ..................................................5,410,902 .....................07/15/2009...................... ....................................................1,214.91 .....................07/15/2008...................... Barclays Capital Inc................................... .....................................................233,751<br />
S&P 500 Call Option............................................................................... ..................................................3,316,887 .....................07/15/2009...................... ....................................................1,214.91 .....................07/15/2008...................... Credit Suisse International........................ .....................................................128,695<br />
S&P 500 Call Option............................................................................... .....................................................147,189 .....................07/15/2009...................... ....................................................1,214.91 .....................07/15/2008...................... JP Morgan Chase Bank N.A..................... .......................................................14,425<br />
S&P 500 Call Option............................................................................... .....................................................143,355 .....................07/15/2009...................... ....................................................1,260.47 .....................07/15/2008...................... JP Morgan Chase Bank N.A..................... .........................................................4,587<br />
S&P 500 Call Option............................................................................... ..................................................1,925,464 .....................07/15/2009...................... ....................................................1,240.54 .....................07/15/2008...................... JP Morgan Chase Bank N.A..................... .......................................................96,273
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.17<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ................................................14,454,353 .....................07/15/2009...................... ....................................................1,214.91 .....................07/15/2008...................... Morgan Stanley & Co International PLC... .....................................................557,938<br />
S&P 500 Call Option............................................................................... ..................................................3,771,659 .....................07/15/2009...................... ....................................................1,284.77 .....................07/15/2008...................... Societe Generale....................................... .....................................................125,973<br />
S&P 500 Call Option............................................................................... ..................................................1,957,630 .....................07/15/2010...................... ....................................................1,214.91 .....................07/15/2008...................... Credit Suisse International........................ .....................................................140,949<br />
S&P 500 Call Option............................................................................... ..................................................9,292,031 .....................07/15/2010...................... ....................................................1,214.91 .....................07/15/2008...................... Societe Generale....................................... .....................................................708,982<br />
S&P 500 Call Option............................................................................... .....................................................419,580 .....................07/21/2009...................... ....................................................1,332.45 .....................07/22/2008...................... Wachovia Capital Markets LLC................. .......................................................12,664<br />
S&P 500 Call Option............................................................................... ..................................................2,429,793 .....................07/22/2009...................... ........................................................1,277. .....................07/22/2008...................... Credit Suisse International........................ .....................................................100,107<br />
S&P 500 Call Option............................................................................... ..................................................1,107,606 .....................07/22/2009...................... ....................................................1,362.56 .....................07/22/2008...................... JP Morgan Chase Bank N.A..................... .......................................................27,690<br />
S&P 500 Call Option............................................................................... ................................................17,139,598 .....................07/22/2009...................... ........................................................1,277. .....................07/22/2008...................... Sun Trust Bank.......................................... .....................................................680,442<br />
S&P 500 Call Option............................................................................... ..................................................5,456,120 .....................07/22/2009...................... ........................................................1,277. .....................07/22/2008...................... Sun Trust Bank.......................................... .....................................................223,701<br />
S&P 500 Call Option............................................................................... ..................................................3,126,353 .....................07/22/2010...................... ........................................................1,277. .....................07/22/2008...................... Credit Suisse International........................ .....................................................230,412<br />
S&P 500 Call Option............................................................................... ..................................................9,490,875 .....................07/22/2010...................... ........................................................1,277. .....................07/22/2008...................... Wachovia Capital Markets LLC................. .....................................................753,575<br />
S&P 500 Call Option............................................................................... .......................................................85,408 .....................08/01/2009...................... ....................................................1,260.31 .....................08/01/2008...................... BNP Paribas.............................................. .........................................................7,960<br />
S&P 500 Call Option............................................................................... .....................................................540,450 .....................08/01/2009...................... ....................................................1,309.97 .....................08/01/2008...................... BNP Paribas.............................................. .......................................................16,159<br />
S&P 500 Call Option............................................................................... ..................................................1,784,406 .....................08/01/2009...................... ....................................................1,291.82 .....................08/01/2008...................... BNP Paribas.............................................. .......................................................75,480<br />
S&P 500 Call Option............................................................................... ..................................................3,290,755 .....................08/01/2009...................... ....................................................1,260.31 .....................08/01/2008...................... Credit Suisse International........................ .....................................................141,502<br />
S&P 500 Call Option............................................................................... ................................................22,947,922 .....................08/01/2009...................... ....................................................1,260.31 .....................08/01/2008...................... Credit Suisse International........................ .....................................................890,379<br />
S&P 500 Call Option............................................................................... ..................................................4,437,733 .....................08/01/2009...................... ....................................................1,260.31 .....................08/01/2008...................... Societe Generale....................................... .....................................................180,616<br />
S&P 500 Call Option............................................................................... ..................................................9,951,612 .....................08/01/2009...................... ....................................................1,334.42 .....................08/01/2008...................... Societe Generale....................................... .....................................................270,684<br />
S&P 500 Call Option............................................................................... ..................................................4,526,809 .....................08/01/2010...................... ....................................................1,260.31 .....................08/01/2008...................... BNP Paribas.............................................. .....................................................325,930<br />
S&P 500 Call Option............................................................................... ................................................14,383,978 .....................08/01/2010...................... ....................................................1,260.31 .....................08/01/2008...................... Societe Generale....................................... ..................................................1,109,005<br />
S&P 500 Call Option............................................................................... .....................................................552,062 .....................08/04/2009...................... ......................................................1,330.2 .....................08/08/2008...................... Sun Trust Bank.......................................... .......................................................22,268<br />
S&P 500 Call Option............................................................................... ..................................................2,276,343 .....................08/08/2009...................... ....................................................1,296.32 .....................08/08/2008...................... Credit Suisse International........................ .......................................................95,834<br />
S&P 500 Call Option............................................................................... .......................................................65,058 .....................08/08/2009...................... ....................................................1,296.32 .....................08/08/2008...................... Sun Trust Bank.......................................... .........................................................5,810<br />
S&P 500 Call Option............................................................................... ..................................................1,498,128 .....................08/08/2009...................... ....................................................1,348.17 .....................08/08/2008...................... Sun Trust Bank.......................................... .......................................................41,498<br />
S&P 500 Call Option............................................................................... ................................................16,263,441 .....................08/08/2009...................... ....................................................1,296.32 .....................08/08/2008...................... Sun Trust Bank.......................................... .....................................................626,142<br />
S&P 500 Call Option............................................................................... ..................................................1,669,972 .....................08/08/2009...................... ....................................................1,296.32 .....................08/08/2008...................... Sun Trust Bank.......................................... .......................................................64,127<br />
S&P 500 Call Option............................................................................... ..................................................1,123,703 .....................08/08/2009...................... ....................................................1,352.84 .....................08/08/2008...................... Sun Trust Bank.......................................... .......................................................35,397<br />
S&P 500 Call Option............................................................................... ..................................................1,732,703 .....................08/08/2009...................... ....................................................1,389.66 .....................08/08/2008...................... Sun Trust Bank.......................................... .......................................................36,387<br />
S&P 500 Call Option............................................................................... ..................................................8,863,248 .....................08/08/2010...................... ....................................................1,296.32 .....................08/08/2008...................... BNP Paribas.............................................. .....................................................699,310<br />
S&P 500 Call Option............................................................................... ..................................................3,343,258 .....................08/08/2010...................... ....................................................1,296.32 .....................08/08/2008...................... BNP Paribas.............................................. .....................................................238,040<br />
S&P 500 Call Option............................................................................... .......................................................49,797 .....................08/15/2009...................... ......................................................1,298.2 .....................08/15/2008...................... BNP Paribas.............................................. .........................................................4,606<br />
S&P 500 Call Option............................................................................... .....................................................659,443 .....................08/15/2009...................... ....................................................1,350.13 .....................08/15/2008...................... BNP Paribas.............................................. .......................................................19,256<br />
S&P 500 Call Option............................................................................... ................................................16,683,318 .....................08/15/2009...................... ......................................................1,298.2 .....................08/15/2008...................... BNP Paribas.............................................. .....................................................650,649<br />
S&P 500 Call Option............................................................................... ..................................................4,721,496 .....................08/15/2009...................... ......................................................1,298.2 .....................08/15/2008...................... BNP Paribas.............................................. .....................................................203,969<br />
S&P 500 Call Option............................................................................... ..................................................1,984,451 .....................08/15/2009...................... ......................................................1,298.2 .....................08/15/2008...................... Credit Suisse International........................ .......................................................85,927<br />
S&P 500 Call Option............................................................................... ..................................................1,631,242 .....................08/15/2009...................... ....................................................1,331.69 .....................08/15/2008...................... Societe Generale....................................... .......................................................67,533<br />
S&P 500 Call Option............................................................................... ..................................................2,610,232 .....................08/15/2009...................... ....................................................1,382.97 .....................08/15/2008...................... Societe Generale....................................... .......................................................64,734<br />
S&P 500 Call Option............................................................................... ..................................................8,832,057 .....................08/15/2010...................... ......................................................1,298.2 .....................08/15/2008...................... BNP Paribas.............................................. .....................................................690,667<br />
S&P 500 Call Option............................................................................... ..................................................3,294,827 .....................08/15/2010...................... ......................................................1,298.2 .....................08/15/2008...................... BNP Paribas.............................................. .....................................................237,228<br />
S&P 500 Call Option............................................................................... .....................................................304,307 .....................08/18/2009...................... ....................................................1,361.71 .....................08/22/2008...................... Credit Suisse International........................ .........................................................8,309<br />
S&P 500 Call Option............................................................................... ..................................................2,309,763 .....................08/22/2009...................... ......................................................1,292.2 .....................08/22/2008...................... BNP Paribas.............................................. .......................................................98,858<br />
S&P 500 Call Option............................................................................... ................................................14,914,666 .....................08/22/2009...................... ......................................................1,292.2 .....................08/22/2008...................... BNP Paribas.............................................. .....................................................590,621<br />
S&P 500 Call Option............................................................................... ..................................................2,297,014 .....................08/22/2009...................... ......................................................1,292.2 .....................08/22/2008...................... BNP Paribas.............................................. .......................................................89,584<br />
S&P 500 Call Option............................................................................... .......................................................99,606 .....................08/22/2009...................... ......................................................1,292.2 .....................08/22/2008...................... Credit Suisse International........................ .........................................................9,114<br />
S&P 500 Call Option............................................................................... .....................................................447,052 .....................08/22/2009...................... ....................................................1,343.89 .....................08/22/2008...................... Credit Suisse International........................ .......................................................12,427<br />
S&P 500 Call Option............................................................................... .....................................................616,173 .....................08/22/2009...................... ......................................................1,342.6 .....................08/22/2008...................... Credit Suisse International........................ .......................................................21,320<br />
S&P 500 Call Option............................................................................... .....................................................486,793 .....................08/22/2009...................... ....................................................1,485.13 .....................08/22/2008...................... Credit Suisse International........................ .........................................................2,920<br />
S&P 500 Call Option............................................................................... ................................................10,212,471 .....................08/22/2010...................... ......................................................1,292.2 .....................08/22/2008...................... BNP Paribas.............................................. .....................................................786,360<br />
S&P 500 Call Option............................................................................... ..................................................3,294,456 .....................08/22/2010...................... ......................................................1,292.2 .....................08/22/2008...................... BNP Paribas.............................................. .....................................................233,906<br />
S&P 500 Call Option............................................................................... .....................................................198,894 .....................08/25/2009...................... ....................................................1,349.18 .....................09/01/2008...................... BNP Paribas.............................................. .........................................................5,727<br />
S&P 500 Call Option............................................................................... ..................................................3,593,953 .....................09/01/2009...................... ....................................................1,277.58 .....................09/01/2008...................... Barclays Capital Inc................................... .....................................................137,648<br />
S&P 500 Call Option............................................................................... .....................................................105,192 .....................09/01/2009...................... ....................................................1,282.83 .....................09/01/2008...................... BNP Paribas.............................................. .........................................................9,477
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.18<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... .....................................................600,364 .....................09/01/2009...................... ....................................................1,334.14 .....................09/01/2008...................... BNP Paribas.............................................. .......................................................16,235<br />
S&P 500 Call Option............................................................................... ..................................................2,429,680 .....................09/01/2009...................... ....................................................1,362.11 .....................09/01/2008...................... Credit Suisse International........................ .......................................................62,203<br />
S&P 500 Call Option............................................................................... ..................................................1,801,411 .....................09/01/2009...................... ....................................................1,324.98 .....................09/01/2008...................... JP Morgan Chase Bank N.A..................... .......................................................66,652<br />
S&P 500 Call Option............................................................................... ................................................29,792,116 .....................09/01/2009...................... ....................................................1,277.58 .....................09/01/2008...................... Societe Generale....................................... ..................................................1,176,789<br />
S&P 500 Call Option............................................................................... ..................................................4,950,784 .....................09/01/2009...................... ....................................................1,277.58 .....................09/01/2008...................... Societe Generale....................................... .....................................................194,566<br />
S&P 500 Call Option............................................................................... ................................................16,114,260 .....................09/01/2010...................... ....................................................1,277.58 .....................09/01/2008...................... BNP Paribas.............................................. ..................................................1,240,798<br />
S&P 500 Call Option............................................................................... ..................................................7,336,239 .....................09/01/2010...................... ....................................................1,277.58 .....................09/01/2008...................... BNP Paribas.............................................. .....................................................528,209<br />
S&P 500 Call Option............................................................................... ..................................................2,422,475 .....................09/08/2009...................... ....................................................1,267.79 .....................09/08/2008...................... Bank of New York...................................... .......................................................92,296<br />
S&P 500 Call Option............................................................................... .......................................................81,502 .....................09/08/2009...................... ....................................................1,267.79 .....................09/08/2008...................... Citibank...................................................... .........................................................7,661<br />
S&P 500 Call Option............................................................................... .....................................................661,536 .....................09/08/2009...................... ....................................................1,312.42 .....................09/08/2008...................... Citibank...................................................... .......................................................20,508<br />
S&P 500 Call Option............................................................................... .....................................................326,037 .....................09/08/2009...................... ....................................................1,292.13 .....................09/08/2008...................... Citibank...................................................... .......................................................15,487<br />
S&P 500 Call Option............................................................................... ..................................................1,918,028 .....................09/08/2009...................... ....................................................1,337.77 .....................09/08/2008...................... Citibank...................................................... .......................................................60,418<br />
S&P 500 Call Option............................................................................... ..................................................1,649,035 .....................09/08/2009...................... ....................................................1,267.79 .....................09/08/2008...................... Credit Suisse International........................ .......................................................63,653<br />
S&P 500 Call Option............................................................................... ................................................15,050,452 .....................09/08/2009...................... ....................................................1,267.79 .....................09/08/2008...................... Credit Suisse International........................ .....................................................559,877<br />
S&P 500 Call Option............................................................................... ..................................................5,537,669 .....................09/08/2010...................... ....................................................1,267.79 .....................09/08/2008...................... BNP Paribas.............................................. .....................................................402,035<br />
S&P 500 Call Option............................................................................... ..................................................3,122,061 .....................09/08/2010...................... ....................................................1,267.79 .....................09/08/2008...................... Citibank...................................................... .....................................................175,460<br />
S&P 500 Call Option............................................................................... ................................................21,151,510 .....................09/15/2009...................... ......................................................1,192.7 .....................09/15/2008...................... Barclays Capital Inc................................... .....................................................772,030<br />
S&P 500 Call Option............................................................................... ..................................................3,276,148 .....................09/15/2009...................... ......................................................1,192.7 .....................09/15/2008...................... Barclays Capital Inc................................... .....................................................127,442<br />
S&P 500 Call Option............................................................................... .......................................................46,418 .....................09/15/2009...................... ......................................................1,192.7 .....................09/15/2008...................... BNP Paribas.............................................. .........................................................4,595<br />
S&P 500 Call Option............................................................................... .....................................................765,800 .....................09/15/2009...................... ....................................................1,234.44 .....................09/15/2008...................... BNP Paribas.............................................. .......................................................25,425<br />
S&P 500 Call Option............................................................................... ..................................................1,226,371 .....................09/15/2009...................... ....................................................1,222.76 .....................09/15/2008...................... Citibank...................................................... .......................................................60,705<br />
S&P 500 Call Option............................................................................... ..................................................1,872,347 .....................09/15/2009...................... ......................................................1,192.7 .....................09/15/2008...................... Credit Suisse International........................ .......................................................71,711<br />
S&P 500 Call Option............................................................................... ..................................................3,461,252 .....................09/15/2009...................... ......................................................1,258.3 .....................09/15/2008...................... Societe Generale....................................... .....................................................124,605<br />
S&P 500 Call Option............................................................................... ..................................................7,062,253 .....................09/15/2010...................... ......................................................1,192.7 .....................09/15/2008...................... BNP Paribas.............................................. .....................................................524,019<br />
S&P 500 Call Option............................................................................... ..................................................3,405,438 .....................09/15/2010...................... ......................................................1,192.7 .....................09/15/2008...................... Societe Generale....................................... .....................................................228,164<br />
S&P 500 Call Option............................................................................... ..................................................2,910,609 .....................09/22/2008...................... ....................................................1,314.78 .....................09/17/2008...................... Societe Generale....................................... .........................................................6,985<br />
S&P 500 Call Option............................................................................... ................................................11,237,170 .....................10/01/2008...................... ....................................................1,331.32 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................6,753<br />
S&P 500 Call Option............................................................................... ..................................................6,387,900 .....................10/01/2008...................... ....................................................1,331.32 .....................09/17/2008...................... Societe Generale....................................... .......................................................15,331<br />
S&P 500 Call Option............................................................................... .....................................................283,481 .....................10/05/2008...................... ....................................................1,633.13 .....................09/17/2008...................... BNP Paribas.............................................. ............................................................182<br />
S&P 500 Call Option............................................................................... ..................................................1,348,300 .....................10/08/2008...................... ......................................................1,612.2 .....................09/17/2008...................... BNP Paribas.............................................. ............................................................866<br />
S&P 500 Call Option............................................................................... .....................................................938,690 .....................10/08/2008...................... ....................................................1,594.97 .....................09/17/2008...................... BNP Paribas.............................................. ............................................................605<br />
S&P 500 Call Option............................................................................... ..................................................3,074,666 .....................10/08/2008...................... ....................................................1,628.04 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................1,980<br />
S&P 500 Call Option............................................................................... ..................................................4,012,699 .....................10/08/2008...................... ....................................................1,350.66 .....................09/17/2008...................... Societe Generale....................................... .........................................................9,630<br />
S&P 500 Call Option............................................................................... ................................................18,653,725 .....................10/08/2008...................... ....................................................1,552.58 .....................09/17/2008...................... Societe Generale....................................... .......................................................35,204<br />
S&P 500 Call Option............................................................................... .....................................................891,305 .....................10/15/2008...................... ....................................................1,608.03 .....................09/17/2008...................... BNP Paribas.............................................. ............................................................576<br />
S&P 500 Call Option............................................................................... ..................................................1,395,755 .....................10/15/2008...................... ....................................................1,597.34 .....................09/17/2008...................... BNP Paribas.............................................. ............................................................901<br />
S&P 500 Call Option............................................................................... ..................................................2,888,195 .....................10/15/2008...................... ....................................................1,622.43 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................1,865<br />
S&P 500 Call Option............................................................................... ..................................................3,759,068 .....................10/15/2008...................... ....................................................1,369.05 .....................09/17/2008...................... Societe Generale....................................... .........................................................9,022<br />
S&P 500 Call Option............................................................................... ..................................................3,624,238 .....................10/22/2008...................... ....................................................1,377.02 .....................09/17/2008...................... Societe Generale....................................... .........................................................8,698<br />
S&P 500 Call Option............................................................................... ..................................................5,361,973 .....................11/01/2008...................... ....................................................1,367.81 .....................09/17/2008...................... Societe Generale....................................... .......................................................12,869<br />
S&P 500 Call Option............................................................................... ..................................................3,469,517 .....................11/08/2008...................... ....................................................1,385.72 .....................09/17/2008...................... Societe Generale....................................... .........................................................8,327<br />
S&P 500 Call Option............................................................................... ..................................................7,161,295 .....................11/22/2008...................... ....................................................1,406.09 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................10,033<br />
S&P 500 Call Option............................................................................... ..................................................4,157,091 .....................11/22/2008...................... ....................................................1,406.09 .....................09/17/2008...................... Societe Generale....................................... .........................................................9,977<br />
S&P 500 Call Option............................................................................... ................................................11,266,076 .....................12/22/2008...................... ....................................................1,410.76 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................25,555<br />
S&P 500 Call Option............................................................................... ..................................................3,593,039 .....................12/22/2008...................... ....................................................1,410.76 .....................09/17/2008...................... Societe Generale....................................... .........................................................8,623<br />
S&P 500 Call Option............................................................................... ..................................................7,132,272 .....................01/01/2009...................... ......................................................1,416.6 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................18,327<br />
S&P 500 Call Option............................................................................... ..................................................4,186,463 .....................01/22/2009...................... ....................................................1,422.95 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................13,798<br />
S&P 500 Call Option............................................................................... ..................................................3,518,466 .....................02/01/2009...................... ....................................................1,395.42 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................16,692<br />
S&P 500 Call Option............................................................................... ..................................................2,415,827 .....................02/01/2009...................... ....................................................1,465.05 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................1,766<br />
S&P 500 Call Option............................................................................... ................................................25,230,845 .....................02/01/2009...................... ....................................................1,395.42 .....................09/17/2008...................... Societe Generale....................................... .....................................................225,289<br />
S&P 500 Call Option............................................................................... ................................................14,938,359 .....................02/08/2009...................... ....................................................1,331.29 .....................09/17/2008...................... Societe Generale....................................... .....................................................228,123<br />
S&P 500 Call Option............................................................................... ..................................................2,069,697 .....................02/15/2009...................... ....................................................1,456.81 .....................09/17/2008...................... Societe Generale....................................... .........................................................4,967
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.19<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ................................................15,267,014 .....................02/15/2009...................... ....................................................1,349.99 .....................09/17/2008...................... Societe Generale....................................... .....................................................211,365<br />
S&P 500 Call Option............................................................................... ..................................................3,475,389 .....................02/22/2009...................... ....................................................1,353.11 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................31,926<br />
S&P 500 Call Option............................................................................... ..................................................4,014,668 .....................03/01/2009...................... ....................................................1,331.34 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................48,791<br />
S&P 500 Call Option............................................................................... ..................................................1,353,617 .....................03/01/2009...................... ....................................................1,400.04 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................3,335<br />
S&P 500 Call Option............................................................................... ..................................................1,488,975 .....................03/01/2009...................... ....................................................1,423.11 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................3,972<br />
S&P 500 Call Option............................................................................... ..................................................3,843,706 .....................03/08/2009...................... ....................................................1,273.37 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................77,184<br />
S&P 500 Call Option............................................................................... ..................................................3,751,866 .....................03/22/2009...................... ....................................................1,349.88 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................42,358<br />
S&P 500 Call Option............................................................................... ..................................................2,916,945 .....................03/22/2009...................... ....................................................1,419.65 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................5,134<br />
S&P 500 Call Option............................................................................... ..................................................1,835,364 .....................04/01/2009...................... ....................................................1,441.29 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................2,398<br />
S&P 500 Call Option............................................................................... ..................................................2,705,698 .....................04/01/2009...................... ......................................................1,461.3 .....................09/17/2008...................... BNP Paribas.............................................. .........................................................3,436<br />
S&P 500 Call Option............................................................................... ..................................................4,806,859 .....................05/01/2009...................... ......................................................1,486.3 .....................09/17/2008...................... Societe Generale....................................... .......................................................11,536<br />
S&P 500 Call Option............................................................................... ..................................................5,964,629 .....................06/08/2009...................... ....................................................1,507.67 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................29,869<br />
S&P 500 Call Option............................................................................... ..................................................4,424,154 .....................06/15/2009...................... ....................................................1,532.91 .....................09/17/2008...................... Societe Generale....................................... .......................................................10,618<br />
S&P 500 Call Option............................................................................... ................................................12,311,576 .....................08/01/2009...................... ....................................................1,465.81 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................128,003<br />
S&P 500 Call Option............................................................................... ..................................................9,164,451 .....................08/15/2009...................... ......................................................1,406.7 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................159,419<br />
S&P 500 Call Option............................................................................... ................................................10,413,877 .....................08/22/2009...................... ....................................................1,464.07 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................118,004<br />
S&P 500 Call Option............................................................................... ..................................................7,795,676 .....................09/01/2009...................... ....................................................1,489.42 .....................09/17/2008...................... BNP Paribas.............................................. .......................................................76,260<br />
S&P 500 Call Option............................................................................... ................................................12,661,993 .....................09/15/2009...................... ....................................................1,476.65 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................142,771<br />
S&P 500 Call Option............................................................................... ..................................................5,276,342 .....................09/22/2009...................... ....................................................1,517.73 .....................09/17/2008...................... Societe Generale....................................... .......................................................12,663<br />
S&P 500 Call Option............................................................................... ................................................20,728,183 .....................02/01/2010...................... ....................................................1,395.42 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................562,241<br />
S&P 500 Call Option............................................................................... ................................................10,815,240 .....................02/08/2010...................... ....................................................1,331.29 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................399,604<br />
S&P 500 Call Option............................................................................... ................................................13,526,046 .....................02/22/2010...................... ....................................................1,353.11 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................452,631<br />
S&P 500 Call Option............................................................................... ................................................13,142,147 .....................03/01/2010...................... ....................................................1,331.34 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................506,599<br />
S&P 500 Call Option............................................................................... ................................................11,754,440 .....................03/08/2010...................... ....................................................1,273.37 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................572,412<br />
S&P 500 Call Option............................................................................... ................................................13,935,406 .....................03/15/2010...................... ......................................................1,276.6 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................666,315<br />
S&P 500 Call Option............................................................................... ................................................13,547,047 .....................03/22/2010...................... ....................................................1,349.88 .....................09/17/2008...................... BNP Paribas.............................................. .....................................................494,561<br />
S&P 500 Call Option............................................................................... ..................................................2,994,253 .....................09/22/2009...................... ....................................................1,207.09 .....................09/22/2008...................... BNP Paribas.............................................. .....................................................116,177<br />
S&P 500 Call Option............................................................................... ..................................................1,685,544 .....................09/22/2009...................... ....................................................1,271.79 .....................09/22/2008...................... Citibank...................................................... .......................................................65,736<br />
S&P 500 Call Option............................................................................... ..................................................2,607,391 .....................09/22/2009...................... ....................................................1,207.09 .....................09/22/2008...................... Credit Suisse International........................ .......................................................94,388<br />
S&P 500 Call Option............................................................................... .....................................................114,317 .....................09/22/2009...................... ....................................................1,207.09 .....................09/22/2008...................... Morgan Stanley & Co International PLC... .......................................................11,820<br />
S&P 500 Call Option............................................................................... .....................................................408,454 .....................09/22/2009...................... ....................................................1,249.82 .....................09/22/2008...................... Morgan Stanley & Co International PLC... .......................................................13,847<br />
S&P 500 Call Option............................................................................... ................................................20,221,340 .....................09/22/2009...................... ....................................................1,207.09 .....................09/22/2008...................... Morgan Stanley & Co International PLC... .....................................................756,278<br />
S&P 500 Call Option............................................................................... ..................................................9,916,241 .....................09/22/2010...................... ....................................................1,207.09 .....................09/22/2008...................... BNP Paribas.............................................. .....................................................742,726<br />
S&P 500 Call Option............................................................................... ..................................................1,850,233 .....................09/22/2010...................... ....................................................1,207.09 .....................09/22/2008...................... Societe Generale....................................... .....................................................118,970<br />
S&P 500 Call Option............................................................................... .....................................................767,835 .....................09/28/2009...................... ....................................................1,279.73 .....................10/01/2008...................... Citibank...................................................... .......................................................22,377<br />
S&P 500 Call Option............................................................................... ..................................................2,499,316 .....................10/01/2009...................... ....................................................1,161.06 .....................10/01/2008...................... Credit Suisse International........................ .......................................................97,723<br />
S&P 500 Call Option............................................................................... .....................................................233,721 .....................10/01/2009...................... ....................................................1,161.06 .....................10/01/2008...................... Citibank...................................................... .......................................................26,294<br />
S&P 500 Call Option............................................................................... ..................................................2,175,275 .....................10/01/2009...................... ....................................................1,204.02 .....................10/01/2008...................... Citibank...................................................... .......................................................80,703<br />
S&P 500 Call Option............................................................................... ..................................................4,878,285 .....................10/01/2009...................... ....................................................1,234.67 .....................10/01/2008...................... JP Morgan Chase Bank N.A..................... .....................................................218,547<br />
S&P 500 Call Option............................................................................... .....................................................551,442 .....................10/01/2009...................... ....................................................1,200.07 .....................10/01/2008...................... Citibank...................................................... .......................................................32,535<br />
S&P 500 Call Option............................................................................... ................................................21,320,626 .....................10/01/2009...................... ....................................................1,161.06 .....................10/01/2008...................... Credit Suisse International........................ .....................................................799,523<br />
S&P 500 Call Option............................................................................... ..................................................2,705,908 .....................10/01/2009...................... ....................................................1,161.06 .....................10/01/2008...................... Bank of New York...................................... .....................................................106,342<br />
S&P 500 Call Option............................................................................... ................................................13,765,383 .....................10/01/2010...................... ....................................................1,161.06 .....................10/01/2008...................... JP Morgan Chase Bank N.A..................... ..................................................1,050,299<br />
S&P 500 Call Option............................................................................... ..................................................6,346,207 .....................10/01/2010...................... ....................................................1,161.06 .....................10/01/2008...................... Bank of New York...................................... .....................................................361,099<br />
S&P 500 Call Option............................................................................... .....................................................247,312 .....................10/06/2009...................... ....................................................1,136.16 .....................10/08/2008...................... Citibank...................................................... .........................................................7,142<br />
S&P 500 Call Option............................................................................... ..................................................1,968,963 .....................10/08/2009...................... .......................................................984.94 .....................10/08/2008...................... Societe Generale....................................... .......................................................72,852<br />
S&P 500 Call Option............................................................................... .......................................................94,307 .....................10/08/2009...................... .......................................................984.94 .....................10/08/2008...................... Citibank...................................................... .......................................................11,553<br />
S&P 500 Call Option............................................................................... ..................................................1,064,628 .....................10/08/2009...................... ........................................................1,027. .....................10/08/2008...................... Citibank...................................................... .......................................................40,988<br />
S&P 500 Call Option............................................................................... ..................................................1,913,862 .....................10/08/2009...................... ....................................................1,063.34 .....................10/08/2008...................... Citibank...................................................... .....................................................102,392<br />
S&P 500 Call Option............................................................................... .....................................................563,976 .....................10/08/2009...................... ....................................................1,040.49 .....................10/08/2008...................... Citibank...................................................... .......................................................35,531<br />
S&P 500 Call Option............................................................................... ................................................17,057,463 .....................10/08/2009...................... .......................................................984.94 .....................10/08/2008...................... Morgan Stanley & Co International PLC... .....................................................620,892<br />
S&P 500 Call Option............................................................................... ..................................................3,093,777 .....................10/08/2009...................... .......................................................984.94 .....................10/08/2008...................... Societe Generale....................................... .....................................................116,945
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.20<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ................................................10,162,782 .....................10/08/2010...................... .......................................................984.94 .....................10/08/2008...................... Citibank...................................................... .....................................................757,127<br />
S&P 500 Call Option............................................................................... ..................................................3,784,052 .....................10/08/2010...................... .......................................................984.94 .....................10/08/2008...................... Societe Generale....................................... .....................................................200,933<br />
S&P 500 Call Option............................................................................... ..................................................1,179,940 .....................10/13/2009...................... ......................................................1,078.6 .....................10/15/2008...................... Citibank...................................................... .......................................................52,014<br />
S&P 500 Call Option............................................................................... ..................................................1,892,474 .....................10/15/2009...................... .......................................................907.84 .....................10/15/2008...................... Credit Suisse International........................ .......................................................63,776<br />
S&P 500 Call Option............................................................................... .....................................................100,612 .....................10/15/2009...................... .......................................................907.84 .....................10/15/2008...................... Citibank...................................................... .......................................................13,744<br />
S&P 500 Call Option............................................................................... .....................................................737,180 .....................10/15/2009...................... .......................................................945.97 .....................10/15/2008...................... Citibank...................................................... .......................................................29,858<br />
S&P 500 Call Option............................................................................... ..................................................1,186,805 .....................10/15/2009...................... .......................................................991.18 .....................10/15/2008...................... Citibank...................................................... .......................................................73,587<br />
S&P 500 Call Option............................................................................... .....................................................902,008 .....................10/15/2009...................... .......................................................952.51 .....................10/15/2008...................... Citibank...................................................... .......................................................69,640<br />
S&P 500 Call Option............................................................................... ................................................14,350,007 .....................10/15/2009...................... .......................................................907.84 .....................10/15/2008...................... Credit Suisse International........................ .....................................................528,080<br />
S&P 500 Call Option............................................................................... ..................................................2,914,333 .....................10/15/2009...................... .......................................................907.84 .....................10/15/2008...................... Citibank...................................................... .....................................................110,430<br />
S&P 500 Call Option............................................................................... ..................................................8,280,126 .....................10/15/2010...................... .......................................................907.84 .....................10/15/2008...................... Citibank...................................................... .....................................................635,074<br />
S&P 500 Call Option............................................................................... ..................................................3,478,898 .....................10/15/2010...................... .......................................................907.84 .....................10/15/2008...................... Bank of New York...................................... .....................................................171,858<br />
S&P 500 Call Option............................................................................... .....................................................315,328 .....................10/20/2009...................... ....................................................1,059.31 .....................10/22/2008...................... Citibank...................................................... .........................................................9,005<br />
S&P 500 Call Option............................................................................... ..................................................2,560,798 .....................10/22/2009...................... .......................................................896.78 .....................10/22/2008...................... Credit Suisse International........................ .......................................................82,970<br />
S&P 500 Call Option............................................................................... .....................................................350,888 .....................10/22/2009...................... .........................................................934.8 .....................10/22/2008...................... Citibank...................................................... .......................................................16,667<br />
S&P 500 Call Option............................................................................... ..................................................3,176,347 .....................10/22/2009...................... .........................................................964.4 .....................10/22/2008...................... Merrill Lynch International......................... .....................................................208,686<br />
S&P 500 Call Option............................................................................... ..................................................1,188,676 .....................10/22/2009...................... .......................................................943.59 .....................10/22/2008...................... Merrill Lynch International......................... .......................................................90,339<br />
S&P 500 Call Option............................................................................... ................................................18,671,058 .....................10/22/2009...................... .......................................................896.78 .....................10/22/2008...................... Morgan Stanley & Co International PLC... .....................................................692,696<br />
S&P 500 Call Option............................................................................... ..................................................4,921,986 .....................10/22/2009...................... .......................................................896.78 .....................10/22/2008...................... Societe Generale....................................... .....................................................194,911<br />
S&P 500 Call Option............................................................................... ................................................12,182,409 .....................10/22/2010...................... .......................................................896.78 .....................10/22/2008...................... Societe Generale....................................... .....................................................912,462<br />
S&P 500 Call Option............................................................................... ..................................................3,028,365 .....................10/22/2010...................... .......................................................896.78 .....................10/22/2008...................... Societe Generale....................................... .....................................................132,340<br />
S&P 500 Call Option............................................................................... ..................................................3,161,787 .....................11/01/2009...................... .........................................................966.3 .....................11/03/2008...................... Societe Generale....................................... .......................................................93,273<br />
S&P 500 Call Option............................................................................... .....................................................147,250 .....................11/01/2009...................... .......................................................968.75 .....................11/03/2008...................... BNP Paribas.............................................. .......................................................22,455<br />
S&P 500 Call Option............................................................................... .....................................................751,750 .....................11/01/2009...................... ....................................................1,009.83 .....................11/03/2008...................... BNP Paribas.............................................. .......................................................30,427<br />
S&P 500 Call Option............................................................................... ..................................................3,892,438 .....................11/01/2009...................... ....................................................1,057.68 .....................11/03/2008...................... Barclays Capital Inc................................... .....................................................215,686<br />
S&P 500 Call Option............................................................................... .....................................................729,729 .....................11/01/2009...................... ....................................................1,027.66 .....................11/03/2008...................... Barclays Capital Inc................................... .......................................................52,030<br />
S&P 500 Call Option............................................................................... ................................................23,983,204 .....................11/01/2009...................... .........................................................966.3 .....................11/03/2008...................... Societe Generale....................................... .....................................................916,158<br />
S&P 500 Call Option............................................................................... ..................................................5,765,412 .....................11/01/2009...................... .........................................................966.3 .....................11/03/2008...................... Bank of New York...................................... .....................................................217,356<br />
S&P 500 Call Option............................................................................... ................................................17,021,068 .....................11/01/2010...................... .........................................................966.3 .....................11/03/2008...................... Societe Generale....................................... ..................................................1,324,239<br />
S&P 500 Call Option............................................................................... ..................................................4,261,786 .....................11/01/2010...................... .........................................................966.3 .....................11/03/2008...................... Bank of New York...................................... .....................................................193,485<br />
S&P 500 Call Option............................................................................... ..................................................2,760,137 .....................11/08/2009...................... .......................................................919.21 .....................11/10/2008...................... Credit Suisse International........................ .......................................................88,600<br />
S&P 500 Call Option............................................................................... .......................................................15,827 .....................11/08/2009...................... .......................................................930.99 .....................11/10/2008...................... JP Morgan Chase Bank N.A..................... .........................................................2,278<br />
S&P 500 Call Option............................................................................... .....................................................962,644 .....................11/08/2009...................... .......................................................986.94 .....................11/10/2008...................... JP Morgan Chase Bank N.A..................... .......................................................35,146<br />
S&P 500 Call Option............................................................................... ..................................................1,365,762 .....................11/08/2009...................... ....................................................1,047.18 .....................11/10/2008...................... Citibank...................................................... .......................................................58,240<br />
S&P 500 Call Option............................................................................... .....................................................969,509 .....................11/08/2009...................... .......................................................981.44 .....................11/10/2008...................... Citibank...................................................... .......................................................68,641<br />
S&P 500 Call Option............................................................................... ................................................18,928,930 .....................11/08/2009...................... .......................................................919.21 .....................11/10/2008...................... Credit Suisse International........................ .....................................................713,621<br />
S&P 500 Call Option............................................................................... ..................................................2,490,891 .....................11/08/2009...................... .......................................................919.21 .....................11/10/2008...................... Citibank...................................................... .......................................................95,152<br />
S&P 500 Call Option............................................................................... ..................................................9,406,202 .....................11/08/2010...................... .......................................................919.21 .....................11/10/2008...................... JP Morgan Chase Bank N.A..................... .....................................................722,396<br />
S&P 500 Call Option............................................................................... ..................................................3,156,614 .....................11/08/2010...................... .......................................................919.21 .....................11/10/2008...................... Societe Generale....................................... .....................................................173,614<br />
S&P 500 Call Option............................................................................... ..................................................2,801,727 .....................11/15/2009...................... .......................................................850.75 .....................11/17/2008...................... Sun Trust Bank.......................................... .......................................................80,690<br />
S&P 500 Call Option............................................................................... .....................................................144,093 .....................11/15/2009...................... .......................................................873.29 .....................11/17/2008...................... Citibank...................................................... .......................................................20,604<br />
S&P 500 Call Option............................................................................... .....................................................635,755 .....................11/15/2009...................... .......................................................925.69 .....................11/17/2008...................... Citibank...................................................... .......................................................24,327<br />
S&P 500 Call Option............................................................................... .....................................................619,163 .....................11/15/2009...................... .......................................................998.87 .....................11/17/2008...................... Bank of New York...................................... .......................................................25,645<br />
S&P 500 Call Option............................................................................... ..................................................1,097,708 .....................11/15/2009...................... .......................................................908.18 .....................11/17/2008...................... BNP Paribas.............................................. .......................................................90,341<br />
S&P 500 Call Option............................................................................... ................................................20,888,735 .....................11/15/2009...................... .......................................................850.75 .....................11/17/2008...................... Barclays Capital Inc................................... .....................................................800,039<br />
S&P 500 Call Option............................................................................... ..................................................5,701,041 .....................11/15/2009...................... .......................................................850.75 .....................11/17/2008...................... Bank of New York...................................... .....................................................226,901<br />
S&P 500 Call Option............................................................................... ................................................11,510,076 .....................11/15/2010...................... .......................................................850.75 .....................11/17/2008...................... Citibank...................................................... .....................................................933,467<br />
S&P 500 Call Option............................................................................... ..................................................3,593,267 .....................11/15/2010...................... .......................................................850.75 .....................11/17/2008...................... Bank of New York...................................... .....................................................175,351<br />
S&P 500 Call Option............................................................................... .....................................................315,014 .....................11/03/2009...................... ....................................................1,082.26 .....................11/24/2008...................... JP Morgan Chase Bank N.A..................... .........................................................6,317<br />
S&P 500 Call Option............................................................................... ..................................................3,375,074 .....................11/22/2009...................... .......................................................851.81 .....................11/24/2008...................... Credit Suisse International........................ .......................................................93,490<br />
S&P 500 Call Option............................................................................... .....................................................175,207 .....................11/22/2009...................... .......................................................800.03 .....................11/24/2008...................... JP Morgan Chase Bank N.A..................... .......................................................28,547<br />
S&P 500 Call Option............................................................................... ..................................................2,684,101 .....................11/22/2009...................... .......................................................892.51 .....................11/24/2008...................... JP Morgan Chase Bank N.A..................... .....................................................255,438<br />
S&P 500 Call Option............................................................................... ..................................................1,511,788 .....................11/22/2009...................... .......................................................917.23 .....................11/24/2008...................... Citibank...................................................... .....................................................120,187
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Acquired During Current Year<br />
1 2 3 4 5 6 7<br />
E18.21<br />
Number of Contracts<br />
Date of Maturity,<br />
or Notional Expiry, or Strike Price, Date of Exchange or Cost/<br />
Description Amount Settlement Rate or Index Acquisition Counterparty Option Premium<br />
S&P 500 Call Option............................................................................... ................................................17,324,779 .....................11/22/2009...................... .......................................................851.81 .....................11/24/2008...................... Credit Suisse International........................ .....................................................684,329<br />
S&P 500 Call Option............................................................................... ..................................................5,032,890 .....................11/22/2009...................... .......................................................851.81 .....................11/24/2008...................... Societe Generale....................................... .....................................................198,799<br />
S&P 500 Call Option............................................................................... ................................................12,517,001 .....................11/22/2010...................... .......................................................851.81 .....................11/24/2008...................... JP Morgan Chase Bank N.A..................... ..................................................1,063,945<br />
S&P 500 Call Option............................................................................... ..................................................4,315,011 .....................11/22/2010...................... .......................................................851.81 .....................11/24/2008...................... Societe Generale....................................... .....................................................217,045<br />
S&P 500 Call Option............................................................................... ..................................................3,695,611 .....................12/01/2009...................... .......................................................816.21 .....................12/01/2008...................... Sun Trust Bank.......................................... .....................................................110,499<br />
S&P 500 Call Option............................................................................... .....................................................195,300 .....................12/01/2009...................... .......................................................816.21 .....................12/01/2008...................... Citibank...................................................... .......................................................33,593<br />
S&P 500 Call Option............................................................................... ..................................................2,721,417 .....................12/01/2009...................... .......................................................910.97 .....................12/01/2008...................... Citibank...................................................... .....................................................183,682<br />
S&P 500 Call Option............................................................................... ..................................................1,904,867 .....................12/01/2009...................... ...........................................................890. .....................12/01/2008...................... Sun Trust Bank.......................................... .....................................................148,008<br />
S&P 500 Call Option............................................................................... ................................................22,105,813 .....................12/01/2009...................... .......................................................816.21 .....................12/01/2008...................... Credit Suisse International........................ .....................................................859,916<br />
S&P 500 Call Option............................................................................... ..................................................5,747,062 .....................12/01/2009...................... .......................................................816.21 .....................12/01/2008...................... BNP Paribas.............................................. .....................................................221,262<br />
S&P 500 Call Option............................................................................... ................................................13,018,399 .....................12/01/2010...................... .......................................................816.21 .....................12/01/2008...................... Barclays Capital Inc................................... ..................................................1,003,719<br />
S&P 500 Call Option............................................................................... ..................................................3,730,287 .....................12/01/2010...................... .......................................................816.21 .....................12/01/2008...................... Bank of New York...................................... .....................................................253,660<br />
S&P 500 Call Option............................................................................... ..................................................2,133,893 .....................12/08/2009...................... .........................................................909.7 .....................12/08/2008...................... Credit Suisse International........................ .......................................................70,845<br />
S&P 500 Call Option............................................................................... .....................................................171,982 .....................12/08/2009...................... .........................................................909.7 .....................12/08/2008...................... Morgan Stanley & Co International PLC... .......................................................29,443<br />
S&P 500 Call Option............................................................................... ..................................................2,709,544 .....................12/08/2009...................... ....................................................1,017.41 .....................12/08/2008...................... Morgan Stanley & Co International PLC... .....................................................156,070<br />
S&P 500 Call Option............................................................................... ..................................................1,737,682 .....................12/08/2009...................... .......................................................994.94 .....................12/08/2008...................... Morgan Stanley & Co International PLC... .....................................................115,903<br />
S&P 500 Call Option............................................................................... ................................................19,885,803 .....................12/08/2009...................... .........................................................909.7 .....................12/08/2008...................... Credit Suisse International........................ .....................................................781,512<br />
S&P 500 Call Option............................................................................... ..................................................2,200,600 .....................12/08/2009...................... .........................................................909.7 .....................12/08/2008...................... Societe Generale....................................... .......................................................81,642<br />
S&P 500 Call Option............................................................................... ................................................10,989,681 .....................12/08/2010...................... .........................................................909.7 .....................12/08/2008...................... Societe Generale....................................... .....................................................879,174<br />
S&P 500 Call Option............................................................................... ..................................................1,577,625 .....................12/08/2010...................... .........................................................909.7 .....................12/08/2008...................... Societe Generale....................................... .....................................................102,546<br />
S&P 500 Call Option............................................................................... ..................................................4,097,704 .....................12/15/2009...................... .......................................................868.57 .....................12/15/2008...................... Credit Suisse International........................ .....................................................143,829<br />
S&P 500 Call Option............................................................................... .....................................................104,853 .....................12/15/2009...................... .......................................................868.57 .....................12/15/2008...................... Credit Suisse International........................ .......................................................17,762<br />
S&P 500 Call Option............................................................................... .....................................................341,847 .....................12/15/2009...................... .........................................................929.8 .....................12/15/2008...................... Credit Suisse International........................ .......................................................12,580<br />
S&P 500 Call Option............................................................................... ..................................................1,899,176 .....................12/15/2009...................... .......................................................968.89 .....................12/15/2008...................... Credit Suisse International........................ .....................................................115,850<br />
S&P 500 Call Option............................................................................... ..................................................1,414,650 .....................12/15/2009...................... .......................................................942.31 .....................12/15/2008...................... Credit Suisse International........................ .....................................................103,835<br />
S&P 500 Call Option............................................................................... ................................................19,522,175 .....................12/15/2009...................... .......................................................868.57 .....................12/15/2008...................... Credit Suisse International........................ .....................................................737,938<br />
S&P 500 Call Option............................................................................... ..................................................6,044,532 .....................12/15/2009...................... .......................................................868.57 .....................12/15/2008...................... BNP Paribas.............................................. .....................................................239,363<br />
S&P 500 Call Option............................................................................... ................................................11,403,416 .....................12/15/2010...................... .......................................................868.57 .....................12/15/2008...................... BNP Paribas.............................................. .....................................................863,239<br />
S&P 500 Call Option............................................................................... ..................................................1,969,074 .....................12/15/2010...................... .......................................................868.57 .....................12/15/2008...................... Barclays Capital Inc................................... .....................................................104,361<br />
S&P 500 Call Option............................................................................... ..................................................2,741,240 .....................12/22/2009...................... .......................................................871.63 .....................12/22/2008...................... Citibank...................................................... .....................................................102,797<br />
S&P 500 Call Option............................................................................... .......................................................92,900 .....................12/22/2009...................... .......................................................871.63 .....................12/22/2008...................... Morgan Stanley & Co International PLC... .......................................................14,399<br />
S&P 500 Call Option............................................................................... .....................................................454,469 .....................12/22/2009...................... .......................................................923.93 .....................12/22/2008...................... Morgan Stanley & Co International PLC... .......................................................16,906<br />
S&P 500 Call Option............................................................................... ..................................................1,495,583 .....................12/22/2009...................... .......................................................966.11 .....................12/22/2008...................... Citibank...................................................... .......................................................74,031<br />
S&P 500 Call Option............................................................................... ..................................................2,364,166 .....................12/22/2009...................... .......................................................952.95 .....................12/22/2008...................... Citibank...................................................... .....................................................133,575<br />
S&P 500 Call Option............................................................................... ................................................23,246,851 .....................12/22/2009...................... .......................................................871.63 .....................12/22/2008...................... Morgan Stanley & Co International PLC... .....................................................881,056<br />
S&P 500 Call Option............................................................................... ..................................................4,926,119 .....................12/22/2009...................... .......................................................871.63 .....................12/22/2008...................... Merrill Lynch International......................... .....................................................184,729<br />
S&P 500 Call Option............................................................................... ................................................13,468,325 .....................12/22/2010...................... .......................................................871.63 .....................12/22/2008...................... Morgan Stanley & Co International PLC... ..................................................1,037,061<br />
S&P 500 Call Option............................................................................... ..................................................3,790,494 .....................12/22/2010...................... .......................................................871.63 .....................12/22/2008...................... Citibank...................................................... .....................................................208,477<br />
0199999. Total - Call Options - Hedging .................................................................................................................................................................................... ......................................................................................................................................................................................................... .............................................116,605,196<br />
0499999. Total - Call Options...................................................................................................................................................................................................... ......................................................................................................................................................................................................... .............................................116,605,196<br />
2599999. Total - Hedging ........................................................................................................................................................................................................... ......................................................................................................................................................................................................... .............................................116,605,196<br />
9999999. Totals............................................................................................................................................................................................................................ ......................................................................................................................................................................................................... .............................................116,605,196
E19<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
Call Options - Hedging<br />
S&P 500 Call Option.............................................. ........2,756,638 .01/01/2008. ...........................1,268.8 .01/03/2006. Bank of New York........... .............184,970 Expiration...... .01/01/2008. .............162,620 ....... .............345,142 ........................ ..........182,522 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,199,685 .01/01/2008. .........................1,454.01 .01/03/2007. Bear Stearns International Ltd ...............85,525 Expiration...... .01/01/2008. ...............85,525 ....... ...............54,942 ........................ ...........(30,583) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,416,064 .01/01/2008. ...........................1,268.8 .01/03/2006. Bear Stearns International Ltd .............766,622 Expiration...... .01/01/2008. .............673,989 ....... ..........1,464,225 ........................ ..........790,237 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......17,581,463 .01/01/2008. ...........................1,416.6 .01/03/2007. Bear Stearns International Ltd .............643,482 Expiration...... .01/01/2008. .............643,482 ....... ..........1,005,660 ........................ ..........362,178 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,852,063 .01/01/2008. ...........................1,416.6 .01/03/2007. JP Morgan Chase Bank N.A. ...............65,933 Expiration...... .01/01/2008. ...............65,933 ....... ............................ ........................ ...........(65,933) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........225,510 .01/01/2008. ...........................1,418.3 .01/03/2007. Lehman Brothers Finance S.A. ...............15,568 Expiration...... .01/01/2008. ...............15,568 ....... ..................7,960 ........................ .............(7,608) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,131,803 .01/01/2008. .........................1,446.67 .01/03/2007. Lehman Brothers Finance S.A. ...............26,111 Expiration...... .01/01/2008. ...............26,111 ....... ...............25,317 ........................ ................(794) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,455,863 .01/01/2008. ...........................1,416.6 .01/03/2007. Lehman Brothers Finance S.A. ...............97,252 Expiration...... .01/01/2008. ...............97,252 ....... ...............52,980 ........................ ...........(44,272) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,296,897 .01/01/2008. .........................1,429.21 .01/03/2007. Societe Generale............ ...............47,207 Expiration...... .01/01/2008. ...............47,207 ....... ...............45,432 ........................ .............(1,775) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........376,393 .01/05/2008. .........................1,442.13 .01/08/2007. Barclays Capital Inc........ ...............10,293 Expiration...... .01/05/2008. ...............10,293 ....... ..................8,522 ........................ .............(1,770) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,892,052 .01/08/2008. .........................1,290.15 .01/09/2006. Bank of New York........... .............485,890 Expiration...... .01/08/2008. .............431,227 ....... .............534,419 ........................ ..........103,192 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............55,571 .01/08/2008. .........................1,412.84 .01/08/2007. Barclays Capital Inc........ ..................4,157 Expiration...... .01/08/2008. ..................4,157 ....... ............................ ........................ .............(4,157) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........567,436 .01/08/2008. .........................1,437.47 .01/08/2007. Barclays Capital Inc........ ...............17,307 Expiration...... .01/08/2008. ...............17,307 ....... ...............15,528 ........................ .............(1,779) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,287,059 .01/08/2008. .........................1,290.15 .01/09/2006. Barclays Capital Inc........ .............142,941 Expiration...... .01/08/2008. .............126,860 ....... ...............77,485 ........................ ...........(49,376) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,016,437 .01/08/2008. .........................1,445.33 .01/08/2007. Merrill Lynch International ...............28,867 Expiration...... .01/08/2008. ...............28,867 ....... ...............22,123 ........................ .............(6,744) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,054,453 .01/08/2008. .........................1,424.57 .01/08/2007. Merrill Lynch International ...............38,698 Expiration...... .01/08/2008. ...............38,698 ....... ...............39,179 ........................ .................481 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,307,277 .01/08/2008. .........................1,412.84 .01/08/2007. Merrill Lynch International ...............52,291 Expiration...... .01/08/2008. ...............52,291 ....... ............................ ........................ ...........(52,291) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,556,486 .01/08/2008. .........................1,412.84 .01/08/2007. Merrill Lynch International ...............58,680 Expiration...... .01/08/2008. ...............58,680 ....... ............................ ........................ ...........(58,680) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,634,376 .01/08/2008. .........................1,412.84 .01/08/2007. Sun Trust Bank............... .............367,949 Expiration...... .01/08/2008. .............367,949 ....... ............................ ........................ ........(367,949) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........454,972 .01/12/2008. .........................1,463.64 .01/16/2007. Societe Generale............ ...............11,896 Expiration...... .01/12/2008. ...............11,896 ....... ..................2,237 ........................ .............(9,659) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,517,997 .01/15/2008. .........................1,282.93 .01/17/2006. Bank of New York........... .............670,067 Expiration...... .01/15/2008. .............602,130 ....... .............727,205 ........................ ..........125,076 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,774,123 .01/15/2008. .........................1,282.93 .01/17/2006. Barclays Capital Inc........ .............182,537 Expiration...... .01/15/2008. .............164,030 ....... ...............81,931 ........................ ...........(82,099) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......15,237,500 .01/15/2008. ...........................1,431.9 .01/16/2007. Bear Stearns International Ltd .............562,264 Expiration...... .01/15/2008. .............562,264 ....... ............................ ........................ ........(562,264) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,274,480 .01/15/2008. ...........................1,431.9 .01/16/2007. JP Morgan Chase Bank N.A. ...............89,387 Expiration...... .01/15/2008. ...............89,387 ....... ............................ ........................ ...........(89,387) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,207,697 .01/15/2008. .........................1,463.64 .01/16/2007. JP Morgan Chase Bank N.A. ...............84,568 Expiration...... .01/15/2008. ...............84,568 ....... ...............12,064 ........................ ...........(72,504) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,739,029 .01/15/2008. ...........................1,431.9 .01/16/2007. Morgan Stanley & Co International ...............60,344 PLC Expiration...... .01/15/2008. ...............60,344 ....... ............................ ........................ ...........(60,344) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........160,242 .01/15/2008. .........................1,430.73 .01/16/2007. Societe Generale............ ...............11,453 Expiration...... .01/15/2008. ...............11,453 ....... ............................ ........................ ...........(11,453) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........357,683 .01/15/2008. .........................1,455.77 .01/16/2007. Societe Generale............ ...............10,158 Expiration...... .01/15/2008. ...............10,158 ....... ..................3,312 ........................ .............(6,845) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,610,099 .01/15/2008. .........................1,444.64 .01/16/2007. Societe Generale............ ...............50,557 Expiration...... .01/15/2008. ...............50,557 ....... ...............25,822 ........................ ...........(24,735) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,607,882 .01/19/2008. ...........................1,463.4 .01/22/2007. Barclays Capital Inc........ ...............37,159 Expiration...... .01/19/2008. ...............37,159 ....... ..................6,006 ........................ ...........(31,154) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,025,829 .01/22/2008. .........................1,422.95 .01/22/2007. Bank of New York........... ...............37,956 Expiration...... .01/22/2008. ...............37,956 ....... ............................ ........................ ...........(37,956) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........102,035 .01/22/2008. .........................1,422.95 .01/22/2007. Barclays Capital Inc........ ..................7,265 Expiration...... .01/22/2008. ..................7,265 ....... ............................ ........................ .............(7,265) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........593,190 .01/22/2008. .........................1,447.85 .01/22/2007. Barclays Capital Inc........ ...............16,669 Expiration...... .01/22/2008. ...............16,669 ....... ..................9,370 ........................ .............(7,299) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,212,904 .01/22/2008. .........................1,263.82 .01/23/2006. Barclays Capital Inc........ ...............76,534 Expiration...... .01/22/2008. ...............69,412 ....... ...............36,050 ........................ ...........(33,362) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,450,278 .01/22/2008. .........................1,435.19 .01/22/2007. Merrill Lynch International ...............49,890 Expiration...... .01/22/2008. ...............49,890 ....... ...............38,529 ........................ ...........(11,361) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,369,842 .01/22/2008. .........................1,455.68 .01/22/2007. Merrill Lynch International ...............62,327 Expiration...... .01/22/2008. ...............62,327 ....... ...............24,395 ........................ ...........(37,932) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........411,233 .01/22/2008. .........................1,422.95 .02/01/2007. Morgan Stanley & Co International ...............17,542 PLC Expiration...... .01/22/2008. ...............17,542 ....... ............................ ........................ ...........(17,542) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,110,974 .01/22/2008. .........................1,422.95 .01/22/2007. Sun Trust Bank............... .............123,506 Expiration...... .01/22/2008. .............123,506 ....... ............................ ........................ ........(123,506) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,413,661 .01/22/2008. .........................1,263.82 .01/23/2006. Sun Trust Bank............... .............454,729 Expiration...... .01/22/2008. .............412,414 ....... .............236,893 ........................ ........(175,521) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,229,939 .01/22/2008. .........................1,422.95 .01/22/2007. Sun Trust Bank............... .............527,931 Expiration...... .01/22/2008. .............527,931 ....... ............................ ........................ ........(527,931) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........516,251 .01/26/2008. .........................1,454.89 .02/01/2007. Morgan Stanley & Co International ...............14,400 PLC Expiration...... .01/26/2008. ...............14,400 ....... ..................5,726 ........................ .............(8,675) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,240,634 .02/01/2008. .........................1,282.46 .02/01/2006. Barclays Capital Inc........ .............267,584 Expiration...... .01/31/2010. .............246,029 ....... .............313,033 ........................ ............67,004 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,671,576 .02/01/2008. .........................1,445.94 .02/01/2007. Bear Stearns International Ltd .............106,062 Expiration...... .02/01/2008. .............106,062 ....... ............................ ........................ ........(106,062) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......24,190,879 .02/01/2008. .........................1,445.94 .02/01/2007. Bear Stearns International Ltd .............907,158 Expiration...... .02/01/2008. .............907,158 ....... ............................ ........................ ........(907,158) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........141,475 .02/01/2008. .........................1,445.94 .02/01/2007. Morgan Stanley & Co International ..................9,932 PLC Expiration...... .02/01/2008. ..................9,932 ....... ............................ ........................ .............(9,932) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........790,361 .02/01/2008. .........................1,471.24 .02/01/2007. Morgan Stanley & Co International ...............21,498 PLC Expiration...... .02/01/2008. ...............21,498 ....... ..................1,604 ........................ ...........(19,893) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,985,076 .02/01/2008. ...........................1,479.2 .02/01/2007. Societe Generale............ ...............48,634 Expiration...... .02/01/2008. ...............48,634 ....... ............................ ........................ ...........(48,634) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,236,229 .02/01/2008. .........................1,445.94 .02/01/2007. Societe Generale............ ...............81,399 Expiration...... .02/01/2008. ...............81,399 ....... ............................ ........................ ...........(81,399) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,262,937 .02/01/2008. .........................1,456.35 .02/01/2007. Societe Generale............ .............108,982 Expiration...... .02/01/2008. .............108,982 ....... ...............41,241 ........................ ...........(67,741) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,470,422 .02/01/2008. .........................1,282.46 .02/01/2006. Sun Trust Bank............... ..........1,023,059 Expiration...... .01/31/2010. .............940,646 ....... ..........1,274,565 ........................ ..........333,919 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........515,627 .02/02/2008. ...........................1,481.7 .02/08/2007. Lehman Brothers Finance S.A. ...............13,176 Expiration...... .02/02/2008. ...............13,176 ....... ............................ ........................ ...........(13,176) ........................ ........................ ........................
E19.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........2,660,075 .02/08/2008. .........................1,265.65 .02/08/2006. Barclays Capital Inc........ .............165,989 Expiration...... .02/07/2010. .............154,231 ....... ...............37,511 ........................ ........(116,721) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,330,680 .02/08/2008. .........................1,265.65 .02/08/2006. Barclays Capital Inc........ .............576,483 Expiration...... .02/07/2010. .............535,649 ....... .............432,051 ........................ ........(103,598) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........172,415 .02/08/2008. .........................1,448.31 .02/08/2007. Lehman Brothers Finance S.A. ...............12,000 Expiration...... .02/08/2008. ...............12,000 ....... ............................ ........................ ...........(12,000) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........790,293 .02/08/2008. .........................1,473.66 .02/08/2007. Lehman Brothers Finance S.A. ...............20,943 Expiration...... .02/08/2008. ...............20,943 ....... ............................ ........................ ...........(20,943) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,622,386 .02/08/2008. .........................1,448.31 .02/08/2007. Lehman Brothers Finance S.A. ...............58,730 Expiration...... .02/08/2008. ...............58,730 ....... ............................ ........................ ...........(58,730) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,457,315 .02/08/2008. .........................1,460.62 .02/08/2007. Lehman Brothers Finance S.A. ...............80,600 Expiration...... .02/08/2008. ...............80,600 ....... ...............11,351 ........................ ...........(69,249) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,314,328 .02/08/2008. .........................1,448.31 .02/08/2007. Sun Trust Bank............... ...............92,110 Expiration...... .02/08/2008. ...............92,110 ....... ............................ ........................ ...........(92,110) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,973,478 .02/08/2008. .........................1,481.62 .02/08/2007. Sun Trust Bank............... ...............74,634 Expiration...... .02/08/2008. ...............74,634 ....... ............................ ........................ ...........(74,634) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,041,475 .02/08/2008. .........................1,448.31 .02/08/2007. Sun Trust Bank............... .............551,827 Expiration...... .02/08/2008. .............551,827 ....... ............................ ........................ ........(551,827) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........552,215 .02/09/2008. .........................1,471.14 .02/15/2007. Societe Generale............ ...............17,292 Expiration...... .02/09/2008. ...............17,292 ....... ............................ ........................ ...........(17,292) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,174,166 .02/15/2008. .............................1,280. .02/15/2006. Bank of New York........... .............253,789 Expiration...... .02/15/2008. .............238,280 ....... ............................ ........................ ........(238,280) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,130,537 .02/15/2008. .........................1,456.81 .02/15/2007. Lehman Brothers Finance S.A. ...............77,125 Expiration...... .02/15/2008. ...............77,125 ....... ............................ ........................ ...........(77,125) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............92,925 .02/15/2008. .........................1,456.81 .02/15/2007. Societe Generale............ ..................6,393 Expiration...... .02/15/2008. ..................6,393 ....... ............................ ........................ .............(6,393) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........444,640 .02/15/2008. ...........................1,482.3 .02/15/2007. Societe Generale............ ...............11,783 Expiration...... .02/15/2008. ...............11,783 ....... ............................ ........................ ...........(11,783) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,197,104 .02/15/2008. .........................1,467.88 .02/15/2007. Societe Generale............ ...............39,624 Expiration...... .02/15/2008. ...............39,624 ....... ............................ ........................ ...........(39,624) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,137,241 .02/15/2008. .........................1,490.31 .02/15/2007. Societe Generale............ ...............52,362 Expiration...... .02/15/2008. ...............52,362 ....... ............................ ........................ ...........(52,362) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,941,411 .02/15/2008. .........................1,456.81 .02/15/2007. Societe Generale............ .............156,868 Expiration...... .02/15/2008. .............156,868 ....... ............................ ........................ ........(156,868) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,858,217 .02/15/2008. .........................1,456.81 .02/15/2007. Societe Generale............ .............505,825 Expiration...... .02/15/2008. .............505,825 ....... ............................ ........................ ........(505,825) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,775,844 .02/15/2008. .............................1,280. .02/15/2006. Sun Trust Bank............... .............601,145 Expiration...... .02/15/2008. .............564,409 ....... .............479,860 ........................ ...........(84,548) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........586,583 .02/16/2008. .........................1,489.02 .02/22/2007. Sun Trust Bank............... ...............14,274 Expiration...... .02/16/2008. ...............14,274 ....... ............................ ........................ ...........(14,274) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,090,247 .02/22/2008. .........................1,292.67 .02/22/2006. Barclays Capital Inc........ .............184,488 Expiration...... .02/22/2008. .............175,007 ....... .............107,407 ........................ ...........(67,600) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,271,547 .02/22/2008. .........................1,456.38 .02/22/2007. Bear Stearns International Ltd ...............89,953 Expiration...... .02/22/2008. ...............89,953 ....... ............................ ........................ ...........(89,953) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,079,529 .02/22/2008. .........................1,456.38 .02/22/2007. Morgan Stanley & Co International ...............40,374 PLC Expiration...... .02/22/2008. ...............40,374 ....... ............................ ........................ ...........(40,374) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........163,871 .02/22/2008. .........................1,456.38 .02/22/2007. Sun Trust Bank............... ...............11,455 Expiration...... .02/22/2008. ...............11,455 ....... ............................ ........................ ...........(11,455) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........459,861 .02/22/2008. .........................1,481.87 .02/22/2007. Sun Trust Bank............... ...............12,600 Expiration...... .02/22/2008. ...............12,600 ....... ............................ ........................ ...........(12,600) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,008,277 .02/22/2008. .........................1,468.18 .02/22/2007. Sun Trust Bank............... ...............33,777 Expiration...... .02/22/2008. ...............33,777 ....... ............................ ........................ ...........(33,777) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,625,999 .02/22/2008. .........................1,489.88 .02/22/2007. Sun Trust Bank............... ...............66,175 Expiration...... .02/22/2008. ...............66,175 ....... ............................ ........................ ...........(66,175) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,180,905 .02/22/2008. .........................1,292.67 .02/22/2006. Sun Trust Bank............... .............689,247 Expiration...... .02/22/2008. .............653,828 ....... .............476,018 ........................ ........(177,810) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,613,760 .02/22/2008. .........................1,456.38 .02/22/2007. Sun Trust Bank............... .............511,482 Expiration...... .02/22/2008. .............511,482 ....... ............................ ........................ ........(511,482) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........808,313 .02/23/2008. .........................1,484.57 .03/01/2007. Societe Generale............ ...............10,984 Expiration...... .02/23/2008. ...............10,984 ....... ............................ ........................ ...........(10,984) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,448,109 .03/01/2008. .........................1,403.17 .03/01/2007. Bank of New York........... ...............87,642 Expiration...... .03/01/2008. ...............87,642 ....... ............................ ........................ ...........(87,642) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,751,261 .03/01/2008. .........................1,291.24 .03/01/2006. Barclays Capital Inc........ .............220,574 Expiration...... .03/01/2008. .............211,384 ....... ...............69,959 ........................ ........(141,424) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......15,890,098 .03/01/2008. .........................1,403.17 .03/01/2007. Lehman Brothers Finance S.A. .............578,400 Expiration...... .03/01/2008. .............578,400 ....... ............................ ........................ ........(578,400) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,931,723 .03/01/2008. .........................1,403.17 .03/01/2007. Merrill Lynch International .............116,096 Expiration...... .03/01/2008. .............116,096 ....... ............................ ........................ ........(116,096) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............95,350 .03/01/2008. .........................1,403.17 .03/01/2007. Societe Generale............ ..................7,046 Expiration...... .03/01/2008. ..................7,046 ....... ............................ ........................ .............(7,046) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........867,670 .03/01/2008. .........................1,427.73 .03/01/2007. Societe Generale............ ...............26,724 Expiration...... .03/01/2008. ...............26,724 ....... ...............24,976 ........................ .............(1,748) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,607,485 .03/01/2008. .........................1,415.24 .03/01/2007. Societe Generale............ ...............61,567 Expiration...... .03/01/2008. ...............61,567 ....... ...............61,199 ........................ ................(368) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,168,905 .03/01/2008. .........................1,437.68 .03/01/2007. Societe Generale............ ...............63,332 Expiration...... .03/01/2008. ...............63,332 ....... ...............47,079 ........................ ...........(16,253) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,263,141 .03/01/2008. .........................1,291.24 .03/01/2006. Sun Trust Bank............... .............789,546 Expiration...... .03/01/2008. .............756,648 ....... .............349,782 ........................ ........(406,867) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,982,679 .03/08/2008. .........................1,278.47 .03/08/2006. Bear Stearns International Ltd .............184,628 Expiration...... .03/08/2008. .............178,730 ....... ............................ ........................ ........(178,730) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,287,741 .03/08/2008. .........................1,401.89 .03/08/2007. JP Morgan Chase Bank N.A. ...............46,230 Expiration...... .03/08/2008. ...............46,230 ....... ............................ ........................ ...........(46,230) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........138,816 .03/08/2008. .........................1,401.89 .03/08/2007. Lehman Brothers Finance ..................9,884 S.A.<br />
Expiration...... .03/08/2008. ..................9,884 ....... ............................ ........................ .............(9,884) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........626,543 .03/08/2008. .........................1,429.65 .03/08/2007. Lehman Brothers Finance S.A. ...............17,543 Expiration...... .03/08/2008. ...............17,543 ....... ...............12,353 ........................ .............(5,190) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,369,333 .03/08/2008. .........................1,413.81 .03/08/2007. Sun Trust Bank............... ...............49,981 Expiration...... .03/08/2008. ...............49,981 ....... ...............41,796 ........................ .............(8,184) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,787,738 .03/08/2008. .........................1,401.89 .03/08/2007. Sun Trust Bank............... .............111,231 Expiration...... .03/08/2008. .............111,231 ....... ............................ ........................ ........(111,231) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,939,979 .03/08/2008. .........................1,440.33 .03/08/2007. Sun Trust Bank............... .............101,651 Expiration...... .03/08/2008. .............101,651 ....... ...............47,752 ........................ ...........(53,899) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,596,394 .03/08/2008. .........................1,278.47 .03/08/2006. Sun Trust Bank............... .............664,070 Expiration...... .03/08/2008. .............642,857 ....... ............................ ........................ ........(642,857) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......17,930,262 .03/08/2008. .........................1,401.89 .03/08/2007. Sun Trust Bank............... .............650,869 Expiration...... .03/08/2008. .............650,869 ....... ............................ ........................ ........(650,869) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........512,040 .03/09/2008. .........................1,441.43 .03/15/2007. Societe Generale............ ...............11,702 Expiration...... .03/09/2008. ...............11,702 ....... ..................4,973 ........................ .............(6,729) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,268,635 .03/15/2008. .........................1,392.28 .03/15/2007. Bank of New York........... ...............79,856 Expiration...... .03/15/2008. ...............79,856 ....... ............................ ........................ ...........(79,856) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,054,760 .03/15/2008. .........................1,303.02 .03/15/2006. Bank of New York........... .............248,962 Expiration...... .03/15/2008. .............243,430 ....... ............................ ........................ ........(243,430) ........................ ........................ ........................
E19.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ......11,118,787 .03/15/2008. .........................1,303.02 .03/15/2006. Barclays Capital Inc........ .............762,749 Expiration...... .03/15/2008. .............745,799 ....... ............................ ........................ ........(745,799) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,896,782 .03/15/2008. .........................1,392.28 .03/15/2007. Lehman Brothers Finance S.A. .............115,582 Expiration...... .03/15/2008. .............115,582 ....... ............................ ........................ ........(115,582) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......17,993,380 .03/15/2008. .........................1,392.28 .03/15/2007. Lehman Brothers Finance S.A. .............640,564 Expiration...... .03/15/2008. .............640,564 ....... ............................ ........................ ........(640,564) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........306,506 .03/15/2008. .........................1,392.28 .03/15/2007. Societe Generale............ ...............22,590 Expiration...... .03/15/2008. ...............22,590 ....... ............................ ........................ ...........(22,590) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........723,743 .03/15/2008. .........................1,420.13 .03/15/2007. Societe Generale............ ...............21,712 Expiration...... .03/15/2008. ...............21,712 ....... ...............16,284 ........................ .............(5,428) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,779,985 .03/15/2008. .........................1,401.89 .03/15/2007. Societe Generale............ ...............70,131 Expiration...... .03/15/2008. ...............70,131 ....... ...............60,290 ........................ .............(9,842) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,249,162 .03/15/2008. .........................1,430.57 .03/15/2007. Societe Generale............ ...............89,677 Expiration...... .03/15/2008. ...............89,677 ....... ...............48,720 ........................ ...........(40,957) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........564,489 .03/16/2008. .........................1,425.09 .03/22/2007. Barclays Capital Inc........ ...............25,242 Expiration...... .03/16/2008. ...............25,242 ....... ...............11,397 ........................ ...........(13,845) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........206,792 .03/22/2008. .........................1,434.54 .03/22/2007. Barclays Capital Inc........ ...............14,496 Expiration...... .03/22/2008. ...............14,496 ....... ............................ ........................ ...........(14,496) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........779,652 .03/22/2008. .........................1,463.23 .03/22/2007. Barclays Capital Inc........ ...............21,362 Expiration...... .03/22/2008. ...............21,362 ....... ............................ ........................ ...........(21,362) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,837,292 .03/22/2008. .........................1,434.54 .03/22/2007. Barclays Capital Inc........ .............102,143 Expiration...... .03/22/2008. .............102,143 ....... ............................ ........................ ........(102,143) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,663,497 .03/22/2008. .........................1,305.04 .03/22/2006. Barclays Capital Inc........ .............223,473 Expiration...... .03/22/2008. .............220,680 ....... ...............98,346 ........................ ........(122,334) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,634,570 .03/22/2008. .........................1,305.04 .03/22/2006. Barclays Capital Inc........ .............741,230 Expiration...... .03/22/2008. .............731,964 ....... .............365,394 ........................ ........(366,570) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,901,506 .03/22/2008. .........................1,442.86 .03/22/2007. Societe Generale............ ...............69,025 Expiration...... .03/22/2008. ...............69,025 ....... ...............19,186 ........................ ...........(49,839) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,074,504 .03/22/2008. .........................1,473.99 .03/22/2007. Societe Generale............ ...............96,158 Expiration...... .03/22/2008. ...............96,158 ....... ............................ ........................ ...........(96,158) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,249,522 .03/22/2008. .........................1,434.54 .03/22/2007. Sun Trust Bank............... .............131,606 Expiration...... .03/22/2008. .............131,606 ....... ............................ ........................ ........(131,606) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,765,678 .03/22/2008. .........................1,434.54 .03/22/2007. Sun Trust Bank............... .............620,330 Expiration...... .03/22/2008. .............620,330 ....... ............................ ........................ ........(620,330) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........244,139 .03/23/2008. ...........................1,475.6 .04/02/2007. Wachovia Capital Markets ..................5,151 LLC<br />
Expiration...... .03/23/2008. ..................5,151 ....... ............................ ........................ .............(5,151) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........453,514 .03/28/2008. ...........................1,456.2 .04/02/2007. Wachovia Capital Markets LLC ...............13,158 Expiration...... .03/28/2008. ...............13,158 ....... ............................ ........................ ...........(13,158) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,909,652 .04/01/2008. .........................1,424.55 .04/02/2007. JP Morgan Chase Bank N.A. .............156,386 Expiration...... .04/01/2008. .............156,386 ....... ............................ ........................ ........(156,386) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,432,684 .04/01/2008. .........................1,424.55 .04/02/2007. Sun Trust Bank............... ...............89,766 Expiration...... .04/01/2008. ...............89,766 ....... ............................ ........................ ...........(89,766) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........382,211 .04/01/2008. .........................1,420.86 .04/02/2007. Wachovia Capital Markets LLC ...............28,476 Expiration...... .04/01/2008. ...............28,476 ....... ............................ ........................ ...........(28,476) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........662,121 .04/01/2008. .........................1,449.28 .04/02/2007. Wachovia Capital Markets LLC ...............19,786 Expiration...... .04/01/2008. ...............19,786 ....... ..................6,821 ........................ ...........(12,966) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,497,584 .04/01/2008. .........................1,433.67 .04/02/2007. Wachovia Capital Markets LLC ...............96,906 Expiration...... .04/01/2008. ...............96,906 ....... ...............53,366 ........................ ...........(43,541) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,346,411 .04/01/2008. .........................1,452.83 .04/02/2007. Wachovia Capital Markets LLC .............133,739 Expiration...... .04/01/2008. .............133,739 ....... ...............33,914 ........................ ...........(99,825) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,730,479 .04/01/2008. .........................1,297.81 .04/03/2006. Wachovia Capital Markets LLC .............387,003 Expiration...... .04/01/2008. .............387,003 ....... .............285,608 ........................ ........(101,395) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......22,701,837 .04/01/2008. .........................1,297.81 .04/03/2006. Wachovia Capital Markets LLC ..........1,589,129 Expiration...... .04/01/2008. ..........1,589,129 ....... ..........1,265,926 ........................ ........(323,202) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......31,626,752 .04/01/2008. .........................1,424.55 .04/02/2007. Wachovia Capital Markets LLC ..........1,157,539 Expiration...... .04/01/2008. ..........1,157,539 ....... ............................ ........................ .....(1,157,539) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........623,704 .04/05/2008. .........................1,472.64 .04/09/2007. Barclays Capital Inc........ ...............18,559 Expiration...... .04/05/2008. ...............18,559 ....... ............................ ........................ ...........(18,559) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........385,484 .04/05/2008. .........................1,472.64 .04/16/2007. Wachovia Capital Markets LLC ...............14,346 Expiration...... .04/05/2008. ...............14,346 ....... ............................ ........................ ...........(14,346) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,721,108 .04/08/2008. .........................1,444.61 .04/09/2007. Bank of New York........... .............498,076 Expiration...... .04/08/2008. .............498,076 ....... ............................ ........................ ........(498,076) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........184,801 .04/08/2008. .........................1,443.76 .04/09/2007. Barclays Capital Inc........ ...............13,408 Expiration...... .04/08/2008. ...............13,408 ....... ............................ ........................ ...........(13,408) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........402,809 .04/08/2008. .........................1,469.03 .04/09/2007. Barclays Capital Inc........ ...............12,164 Expiration...... .04/08/2008. ...............12,164 ....... ............................ ........................ ...........(12,164) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,276,659 .04/08/2008. .........................1,296.62 .04/10/2006. Barclays Capital Inc........ .............646,583 Expiration...... .04/08/2008. .............646,583 ....... .............493,238 ........................ ........(153,345) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,846,988 .04/08/2008. .........................1,444.61 .04/09/2007. Lehman Brothers Finance S.A. ...............67,969 Expiration...... .04/08/2008. ...............67,969 ....... ............................ ........................ ...........(67,969) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,740,301 .04/08/2008. ...........................1,457.9 .04/09/2007. Societe Generale............ ...............62,303 Expiration...... .04/08/2008. ...............62,303 ....... ............................ ........................ ...........(62,303) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,641,603 .04/08/2008. .........................1,444.61 .04/09/2007. Societe Generale............ .............108,306 Expiration...... .04/08/2008. .............108,306 ....... ............................ ........................ ........(108,306) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,842,763 .04/08/2008. .........................1,472.64 .04/09/2007. Societe Generale............ ...............85,396 Expiration...... .04/08/2008. ...............85,396 ....... ............................ ........................ ...........(85,396) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,778,578 .04/08/2008. .........................1,296.62 .04/10/2006. Wachovia Capital Markets LLC .............224,825 Expiration...... .04/08/2008. .............224,825 ....... ............................ ........................ ........(224,825) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........315,620 .04/12/2008. .........................1,476.76 .04/16/2007. Wachovia Capital Markets LLC ...............11,486 Expiration...... .04/12/2008. ...............11,486 ....... ............................ ........................ ...........(11,486) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........399,534 .04/13/2008. .........................1,481.91 .04/23/2007. Merrill Lynch International ...............15,516 Expiration...... .04/13/2008. ...............15,516 ....... ............................ ........................ ...........(15,516) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,233,920 .04/15/2008. .........................1,285.33 .04/17/2006. Barclays Capital Inc........ .............577,198 Expiration...... .04/15/2008. .............577,198 ....... .............314,538 ........................ ........(262,660) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,983,535 .04/15/2008. .........................1,468.47 .04/16/2007. Bear Stearns International Ltd .............167,308 Expiration...... .04/15/2008. .............167,308 ....... ............................ ........................ ........(167,308) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,037,775 .04/15/2008. .........................1,285.33 .04/17/2006. Bear Stearns International Ltd .............314,357 Expiration...... .04/15/2008. .............314,357 ....... ............................ ........................ ........(314,357) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,325,843 .04/15/2008. .........................1,468.47 .04/16/2007. JP Morgan Chase Bank N.A. .............127,380 Expiration...... .04/15/2008. .............127,380 ....... ............................ ........................ ........(127,380) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,533,331 .04/15/2008. .........................1,481.91 .04/16/2007. JP Morgan Chase Bank N.A. .............121,795 Expiration...... .04/15/2008. .............121,795 ....... ............................ ........................ ........(121,795) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,576,323 .04/15/2008. .........................1,468.47 .04/16/2007. Sun Trust Bank............... .............537,866 Expiration...... .04/15/2008. .............537,866 ....... ............................ ........................ ........(537,866) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........203,399 .04/15/2008. .........................1,452.85 .04/16/2007. Wachovia Capital Markets LLC ...............16,068 Expiration...... .04/15/2008. ...............16,068 ....... ............................ ........................ ...........(16,068) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........525,932 .04/15/2008. .........................1,478.27 .04/16/2007. Wachovia Capital Markets LLC ...............17,644 Expiration...... .04/15/2008. ...............17,644 ....... ............................ ........................ ...........(17,644) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,573,020 .04/15/2008. .........................1,477.87 .04/16/2007. Wachovia Capital Markets LLC ...............56,629 Expiration...... .04/15/2008. ...............56,629 ....... ............................ ........................ ...........(56,629) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........252,966 .04/19/2008. .........................1,500.14 .04/23/2007. Merrill Lynch International ..................8,187 Expiration...... .04/19/2008. ..................8,187 ....... ............................ ........................ .............(8,187) ........................ ........................ ........................
E19.3<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ...........228,590 .04/20/2008. .........................1,514.04 .05/01/2007. Wachovia Capital Markets ..................6,413 LLC<br />
Expiration...... .04/20/2008. ..................6,413 ....... ............................ ........................ .............(6,413) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,156,228 .04/22/2008. .........................1,480.93 .04/23/2007. Bank of New York........... .............121,515 Expiration...... .04/22/2008. .............121,515 ....... ............................ ........................ ........(121,515) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,193,145 .04/22/2008. .........................1,308.11 .04/24/2006. Bear Stearns International Ltd .............499,924 Expiration...... .04/22/2008. .............499,924 ....... .............372,989 ........................ ........(126,934) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........176,638 .04/22/2008. .........................1,484.35 .04/23/2007. Merrill Lynch International ...............12,226 Expiration...... .04/22/2008. ...............12,226 ....... ............................ ........................ ...........(12,226) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........847,564 .04/22/2008. .........................1,510.33 .04/23/2007. Merrill Lynch International ...............23,183 Expiration...... .04/22/2008. ...............23,183 ....... ............................ ........................ ...........(23,183) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,294,799 .04/22/2008. .........................1,489.22 .04/23/2007. Merrill Lynch International ...............83,990 Expiration...... .04/22/2008. ...............83,990 ....... ............................ ........................ ...........(83,990) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,401,098 .04/22/2008. .........................1,514.04 .04/23/2007. Societe Generale............ .............119,964 Expiration...... .04/22/2008. .............119,964 ....... ............................ ........................ ........(119,964) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,337,345 .04/22/2008. .........................1,480.93 .04/23/2007. Societe Generale............ .............222,034 Expiration...... .04/22/2008. .............222,034 ....... ............................ ........................ ........(222,034) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,986,998 .04/22/2008. .........................1,480.93 .04/23/2007. Sun Trust Bank............... .............523,114 Expiration...... .04/22/2008. .............523,114 ....... ............................ ........................ ........(523,114) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,622,415 .04/22/2008. .........................1,308.11 .04/24/2006. Wachovia Capital Markets LLC .............280,581 Expiration...... .04/22/2008. .............280,581 ....... .............181,444 ........................ ...........(99,137) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........947,355 .04/26/2008. .........................1,524.14 .05/01/2007. Wachovia Capital Markets LLC ...............24,231 Expiration...... .04/26/2008. ...............24,231 ....... ............................ ........................ ...........(24,231) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........318,237 .04/27/2008. .........................1,523.95 .05/08/2007. Lehman Brothers Finance S.A. ...............11,080 Expiration...... .04/27/2008. ...............11,080 ....... ............................ ........................ ...........(11,080) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,843,699 .05/01/2008. .........................1,305.19 .05/01/2006. Bear Stearns International Ltd .............798,096 Expiration...... .05/01/2008. .............798,096 ....... .............865,293 ........................ ............67,196 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,208,967 .05/01/2008. ...........................1,486.3 .05/01/2007. Lehman Brothers Finance S.A. ...............87,917 Expiration...... .05/01/2008. ...............87,917 ....... ............................ ........................ ...........(87,917) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,336,591 .05/01/2008. ...........................1,519.3 .05/01/2007. Lehman Brothers Finance S.A. ...............94,092 Expiration...... .05/01/2008. ...............94,092 ....... ............................ ........................ ...........(94,092) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,854,265 .05/01/2008. ...........................1,486.3 .05/01/2007. Lehman Brothers Finance S.A. .............160,337 Expiration...... .05/01/2008. .............160,337 ....... ............................ ........................ ........(160,337) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......21,039,203 .05/01/2008. ...........................1,486.3 .05/01/2007. Lehman Brothers Finance S.A. .............786,866 Expiration...... .05/01/2008. .............786,866 ....... ............................ ........................ ........(786,866) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........230,911 .05/01/2008. ...........................1,486.3 .05/01/2007. Wachovia Capital Markets LLC ...............16,649 Expiration...... .05/01/2008. ...............16,649 ....... ............................ ........................ ...........(16,649) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........563,394 .05/01/2008. .........................1,512.31 .05/01/2007. Wachovia Capital Markets LLC ...............16,169 Expiration...... .05/01/2008. ...............16,169 ....... ............................ ........................ ...........(16,169) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,669,094 .05/01/2008. .........................1,496.56 .05/01/2007. Wachovia Capital Markets LLC ...............61,923 Expiration...... .05/01/2008. ...............61,923 ....... ............................ ........................ ...........(61,923) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,886,131 .05/01/2008. .........................1,305.19 .05/01/2006. Wachovia Capital Markets LLC .............240,940 Expiration...... .05/01/2008. .............240,940 ....... .............264,369 ........................ ............23,428 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,787,484 .05/08/2008. .........................1,324.66 .05/08/2006. Bank of New York........... .............245,429 Expiration...... .05/08/2008. .............245,429 ....... ............................ ........................ ........(245,429) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........129,163 .05/08/2008. .........................1,507.72 .05/08/2007. Lehman Brothers Finance ..................9,390 S.A.<br />
Expiration...... .05/08/2008. ..................9,390 ....... ............................ ........................ .............(9,390) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,077,281 .05/08/2008. .........................1,541.64 .05/08/2007. Lehman Brothers Finance S.A. ...............28,979 Expiration...... .05/08/2008. ...............28,979 ....... ............................ ........................ ...........(28,979) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,377,624 .05/08/2008. .........................1,507.72 .05/08/2007. Lehman Brothers Finance S.A. ...............94,629 Expiration...... .05/08/2008. ...............94,629 ....... ............................ ........................ ...........(94,629) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,854,822 .05/08/2008. .........................1,507.72 .05/08/2007. Lehman Brothers Finance S.A. .............164,601 Expiration...... .05/08/2008. .............164,601 ....... ............................ ........................ ........(164,601) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,030,113 .05/08/2008. .........................1,511.94 .05/08/2007. Merrill Lynch International ...............80,595 Expiration...... .05/08/2008. ...............80,595 ....... ............................ ........................ ...........(80,595) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,025,400 .05/08/2008. .........................1,507.72 .05/08/2007. Merrill Lynch International .............607,363 Expiration...... .05/08/2008. .............607,363 ....... ............................ ........................ ........(607,363) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,989,388 .05/08/2008. .........................1,550.69 .05/08/2007. Societe Generale............ .............126,232 Expiration...... .05/08/2008. .............126,232 ....... ............................ ........................ ........(126,232) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,562,409 .05/08/2008. .........................1,324.66 .05/08/2006. Wachovia Capital Markets LLC .............708,575 Expiration...... .05/08/2008. .............708,575 ....... .............527,114 ........................ ........(181,460) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........320,746 .05/11/2008. .........................1,548.77 .05/15/2007. Wachovia Capital Markets ..................7,800 LLC<br />
Expiration...... .05/11/2008. ..................7,800 ....... ............................ ........................ .............(7,800) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,738,069 .05/15/2008. ...........................1,294.5 .05/15/2006. BNP Paribas.................... .............387,893 Expiration...... .05/15/2008. .............387,893 ....... ...............33,238 ........................ ........(354,656) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,954,981 .05/15/2008. ...........................1,511.4 .05/15/2007. JP Morgan Chase Bank N.A. ...............74,680 Expiration...... .05/15/2008. ...............74,680 ....... ............................ ........................ ...........(74,680) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,369,519 .05/15/2008. .........................1,501.19 .05/15/2007. JP Morgan Chase Bank N.A. .............141,183 Expiration...... .05/15/2008. .............141,183 ....... ............................ ........................ ........(141,183) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,872,601 .05/15/2008. .........................1,501.19 .05/15/2007. Lehman Brothers Finance S.A. ...............73,593 Expiration...... .05/15/2008. ...............73,593 ....... ............................ ........................ ...........(73,593) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,161,833 .05/15/2008. .........................1,501.19 .05/15/2007. Lehman Brothers Finance S.A. .............535,317 Expiration...... .05/15/2008. .............535,317 ....... ............................ ........................ ........(535,317) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,274,168 .05/15/2008. ...........................1,294.5 .05/15/2006. Merrill Lynch International .............820,201 Expiration...... .05/15/2008. .............820,201 ....... ..........1,124,107 ........................ ..........303,906 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........105,938 .05/15/2008. .........................1,501.19 .05/15/2007. Wachovia Capital Markets ..................7,839 LLC<br />
Expiration...... .05/15/2008. ..................7,839 ....... ............................ ........................ .............(7,839) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........790,916 .05/15/2008. .........................1,534.97 .05/15/2007. Wachovia Capital Markets LLC ...............22,304 Expiration...... .05/15/2008. ...............22,304 ....... ............................ ........................ ...........(22,304) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,572,149 .05/15/2008. .........................1,543.97 .05/15/2007. Wachovia Capital Markets LLC ...............93,948 Expiration...... .05/15/2008. ...............93,948 ....... ............................ ........................ ...........(93,948) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........732,443 .05/18/2008. .........................1,566.15 .05/22/2007. Lehman Brothers Finance S.A. ...............19,399 Expiration...... .05/18/2008. ...............19,399 ....... ............................ ........................ ...........(19,399) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,808,121 .05/22/2008. .........................1,262.07 .05/22/2006. Bank of New York........... .............389,144 Expiration...... .05/22/2008. .............389,144 ....... .............573,153 ........................ ..........184,009 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........276,240 .05/22/2008. .........................1,524.12 .05/22/2007. Lehman Brothers Finance S.A. ...............20,469 Expiration...... .05/22/2008. ...............20,469 ....... ............................ ........................ ...........(20,469) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,383,765 .05/22/2008. .........................1,558.41 .05/22/2007. Lehman Brothers Finance S.A. ...............37,777 Expiration...... .05/22/2008. ...............37,777 ....... ............................ ........................ ...........(37,777) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......21,774,173 .05/22/2008. .........................1,524.12 .05/22/2007. Lehman Brothers Finance S.A. .............841,572 Expiration...... .05/22/2008. .............841,572 ....... ............................ ........................ ........(841,572) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,499,347 .05/22/2008. .........................1,533.57 .05/22/2007. Merrill Lynch International ...............95,725 Expiration...... .05/22/2008. ...............95,725 ....... ............................ ........................ ...........(95,725) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,106,137 .05/22/2008. .........................1,524.12 .05/22/2007. Merrill Lynch International .............133,253 Expiration...... .05/22/2008. .............133,253 ....... ............................ ........................ ........(133,253) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,391,823 .05/22/2008. .........................1,262.07 .05/22/2006. Merrill Lynch International .............860,409 Expiration...... .05/22/2008. .............860,409 ....... ..........1,193,999 ........................ ..........333,590 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,377,780 .05/22/2008. .........................1,524.12 .05/22/2007. Societe Generale............ ...............95,825 Expiration...... .05/22/2008. ...............95,825 ....... ............................ ........................ ...........(95,825) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,868,197 .05/22/2008. .........................1,567.56 .05/22/2007. Societe Generale............ .............125,599 Expiration...... .05/22/2008. .............125,599 ....... ............................ ........................ ........(125,599) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........353,165 .05/25/2008. .........................1,558.93 .06/01/2007. Wachovia Capital Markets LLC ...............11,578 Expiration...... .05/25/2008. ...............11,578 ....... ............................ ........................ ...........(11,578) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,082,794 .06/01/2008. .........................1,285.71 .06/01/2006. Barclays Capital Inc........ .............413,630 Expiration...... .06/01/2008. .............413,630 ....... .............440,549 ........................ ............26,920 ........................ ........................ ........................
E19.4<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........4,356,398 .06/01/2008. ...........................1,579.2 .06/01/2007. BNP Paribas.................... .............104,989 Expiration...... .06/01/2008. .............104,989 ....... ............................ ........................ ........(104,989) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,267,653 .06/01/2008. .........................1,536.34 .06/01/2007. BNP Paribas.................... .............231,250 Expiration...... .06/01/2008. .............231,250 ....... ............................ ........................ ........(231,250) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........201,261 .06/01/2008. .........................1,574.75 .06/08/2007. Lehman Brothers Finance ..................4,394 S.A.<br />
Expiration...... .06/01/2008. ..................4,394 ....... ............................ ........................ .............(4,394) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,484,474 .06/01/2008. .........................1,536.34 .06/01/2007. Lehman Brothers Finance S.A. .............144,257 Expiration...... .06/01/2008. .............144,257 ....... ............................ ........................ ........(144,257) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........265,952 .06/01/2008. .........................1,536.34 .06/01/2007. Wachovia Capital Markets LLC ...............20,133 Expiration...... .06/01/2008. ...............20,133 ....... ............................ ........................ ...........(20,133) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........444,160 .06/01/2008. .........................1,570.91 .06/01/2007. Wachovia Capital Markets LLC ...............12,081 Expiration...... .06/01/2008. ...............12,081 ....... ............................ ........................ ...........(12,081) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,572,889 .06/01/2008. .........................1,542.18 .06/01/2007. Wachovia Capital Markets LLC .............103,173 Expiration...... .06/01/2008. .............103,173 ....... ............................ ........................ ........(103,173) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,084,123 .06/01/2008. .........................1,285.71 .06/01/2006. Wachovia Capital Markets LLC .............802,696 Expiration...... .06/01/2008. .............802,696 ....... .............784,010 ........................ ...........(18,687) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......21,966,098 .06/01/2008. .........................1,536.34 .06/01/2007. Wachovia Capital Markets LLC .............847,891 Expiration...... .06/01/2008. .............847,891 ....... ............................ ........................ ........(847,891) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,051,512 .06/08/2008. .........................1,257.93 .06/08/2006. BNP Paribas.................... .............344,513 Expiration...... .06/08/2008. .............344,513 ....... ...............40,186 ........................ ........(304,328) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........447,778 .06/08/2008. .........................1,545.36 .06/15/2007. JP Morgan Chase Bank N.A. ...............14,455 Expiration...... .06/08/2008. ...............14,455 ....... ............................ ........................ ...........(14,455) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........182,443 .06/08/2008. .........................1,507.67 .06/08/2007. Lehman Brothers Finance S.A. ...............14,413 Expiration...... .06/08/2008. ...............14,413 ....... ............................ ........................ ...........(14,413) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........489,702 .06/08/2008. .........................1,537.82 .06/08/2007. Lehman Brothers Finance S.A. ...............15,034 Expiration...... .06/08/2008. ...............15,034 ....... ............................ ........................ ...........(15,034) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,009,715 .06/08/2008. .........................1,512.19 .06/08/2007. Lehman Brothers Finance S.A. ...............88,026 Expiration...... .06/08/2008. ...............88,026 ....... ............................ ........................ ...........(88,026) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,178,830 .06/08/2008. .........................1,507.67 .06/08/2007. Lehman Brothers Finance S.A. .............128,743 Expiration...... .06/08/2008. .............128,743 ....... ............................ ........................ ........(128,743) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,520,416 .06/08/2008. .........................1,507.67 .06/08/2007. Lehman Brothers Finance S.A. .............567,748 Expiration...... .06/08/2008. .............567,748 ....... ............................ ........................ ........(567,748) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,581,056 .06/08/2008. .........................1,257.93 .06/08/2006. Merrill Lynch International .............681,336 Expiration...... .06/08/2008. .............681,336 ....... .............708,284 ........................ ............26,948 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,824,749 .06/08/2008. .........................1,546.12 .06/08/2007. Societe Generale............ ...............56,567 Expiration...... .06/08/2008. ...............56,567 ....... ............................ ........................ ...........(56,567) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,830,092 .06/08/2008. .........................1,507.67 .06/08/2007. Societe Generale............ .............122,543 Expiration...... .06/08/2008. .............122,543 ....... ............................ ........................ ........(122,543) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,402,354 .06/15/2008. .........................1,256.16 .06/15/2006. ABN-Amro Bank N.V....... .............692,354 Expiration...... .06/15/2008. .............692,354 ....... .............695,522 ........................ ..............3,168 ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,290,930 .06/15/2008. .........................1,256.16 .06/15/2006. Barclays Capital Inc........ .............304,656 Expiration...... .06/15/2008. .............304,656 ....... ...............32,839 ........................ ........(271,817) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,770,199 .06/15/2008. .........................1,532.91 .06/15/2007. Bear Stearns International Ltd .............662,423 Expiration...... .06/15/2008. .............662,423 ....... ............................ ........................ ........(662,423) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,276,414 .06/15/2008. .........................1,571.85 .06/15/2007. BNP Paribas.................... .............122,305 Expiration...... .06/15/2008. .............122,305 ....... ............................ ........................ ........(122,305) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............93,325 .06/15/2008. .........................1,532.91 .06/15/2007. JP Morgan Chase Bank N.A. ..................7,130 Expiration...... .06/15/2008. ..................7,130 ....... ............................ ........................ .............(7,130) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........213,518 .06/15/2008. .........................1,563.57 .06/15/2007. JP Morgan Chase Bank N.A. ..................6,427 Expiration...... .06/15/2008. ..................6,427 ....... ............................ ........................ .............(6,427) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,882,437 .06/15/2008. .........................1,538.74 .06/15/2007. JP Morgan Chase Bank N.A. ...............76,803 Expiration...... .06/15/2008. ...............76,803 ....... ............................ ........................ ...........(76,803) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,582,291 .06/15/2008. .........................1,532.91 .06/15/2007. JP Morgan Chase Bank N.A. .............154,397 Expiration...... .06/15/2008. .............154,397 ....... ............................ ........................ ........(154,397) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,575,058 .06/15/2008. .........................1,532.91 .06/15/2007. Lehman Brothers Finance S.A. .............105,835 Expiration...... .06/15/2008. .............105,835 ....... ............................ ........................ ........(105,835) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,540,575 .06/15/2008. .........................1,571.23 .06/22/2007. Merrill Lynch International ...............33,597 Expiration...... .06/15/2008. ...............33,597 ....... ............................ ........................ ...........(33,597) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,040,064 .06/22/2008. .............................1,541. .06/22/2007. Bank of New York........... ...............98,802 Expiration...... .06/22/2008. ...............98,802 ....... ............................ ........................ ...........(98,802) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,276,825 .06/22/2008. .........................1,506.47 .06/22/2007. Barclays Capital Inc........ .............103,823 Expiration...... .06/22/2008. .............103,823 ....... ............................ ........................ ........(103,823) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,792,538 .06/22/2008. .........................1,502.56 .06/22/2007. Barclays Capital Inc........ .............115,890 Expiration...... .06/22/2008. .............115,890 ....... ............................ ........................ ........(115,890) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,044,606 .06/22/2008. ...........................1,245.6 .06/22/2006. Bear Stearns International Ltd .............313,457 Expiration...... .06/22/2008. .............313,457 ....... .............230,440 ........................ ...........(83,017) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,279,571 .06/22/2008. .........................1,502.56 .06/22/2007. Lehman Brothers Finance S.A. .............639,787 Expiration...... .06/22/2008. .............639,787 ....... ............................ ........................ ........(639,787) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........163,667 .06/22/2008. .........................1,502.56 .06/22/2007. Merrill Lynch International ...............13,323 Expiration...... .06/22/2008. ...............13,323 ....... ............................ ........................ ...........(13,323) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........417,535 .06/22/2008. .........................1,532.61 .06/22/2007. Merrill Lynch International ...............13,653 Expiration...... .06/22/2008. ...............13,653 ....... ............................ ........................ ...........(13,653) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,767,131 .06/22/2008. .........................1,502.56 .06/22/2007. Societe Generale............ .............167,261 Expiration...... .06/22/2008. .............167,261 ....... ............................ ........................ ........(167,261) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,309,161 .06/22/2008. ...........................1,245.6 .06/22/2006. Sun Trust Bank............... .............684,675 Expiration...... .06/22/2008. .............684,675 ....... .............482,967 ........................ ........(201,708) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........277,974 .06/22/2008. .........................1,540.12 .07/02/2007. Wachovia Capital Markets LLC ...............10,021 Expiration...... .06/22/2008. ...............10,021 ....... ............................ ........................ ...........(10,021) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,496,361 .07/01/2008. .........................1,280.19 .07/03/2006. ABN-Amro Bank N.V....... ..........1,113,450 Expiration...... .07/01/2008. ..........1,113,450 ....... ...............49,760 ........................ .....(1,063,689) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,927,225 .07/01/2008. .........................1,280.19 .07/03/2006. Barclays Capital Inc........ .............462,324 Expiration...... .07/01/2008. .............462,324 ....... ...............30,844 ........................ ........(431,480) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,417,999 .07/01/2008. .........................1,519.43 .07/02/2007. Lehman Brothers Finance S.A. .............149,367 Expiration...... .07/01/2008. .............149,367 ....... ............................ ........................ ........(149,367) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,929,908 .07/01/2008. .........................1,519.43 .07/02/2007. Lehman Brothers Finance S.A. .............219,381 Expiration...... .07/01/2008. .............219,381 ....... ............................ ........................ ........(219,381) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......23,440,291 .07/01/2008. .........................1,519.43 .07/02/2007. Lehman Brothers Finance S.A. .............902,451 Expiration...... .07/01/2008. .............902,451 ....... ............................ ........................ ........(902,451) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........109,745 .07/01/2008. .........................1,503.35 .07/02/2007. Wachovia Capital Markets ..................9,626 LLC<br />
Expiration...... .07/01/2008. ..................9,626 ....... ............................ ........................ .............(9,626) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........422,441 .07/01/2008. .........................1,533.42 .07/02/2007. Wachovia Capital Markets LLC ...............15,216 Expiration...... .07/01/2008. ...............15,216 ....... ............................ ........................ ...........(15,216) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,077,477 .07/01/2008. .........................1,524.14 .07/02/2007. Wachovia Capital Markets LLC .............135,717 Expiration...... .07/01/2008. .............135,717 ....... ............................ ........................ ........(135,717) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,931,675 .07/01/2008. .........................1,540.93 .07/02/2007. Wachovia Capital Markets LLC .............299,519 Expiration...... .07/01/2008. .............299,519 ....... ............................ ........................ ........(299,519) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........483,619 .07/06/2008. ...........................1,568.7 .07/16/2007. JP Morgan Chase Bank N.A. ...............19,210 Expiration...... .07/06/2008. ...............19,210 ....... ............................ ........................ ...........(19,210) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,443,794 .07/08/2008. .........................1,267.34 .07/10/2006. Barclays Capital Inc........ .............425,705 Expiration...... .07/08/2008. .............425,705 ....... ............................ ........................ ........(425,705) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......12,005,212 .07/08/2008. .........................1,531.85 .07/09/2007. Lehman Brothers Finance S.A. .............471,805 Expiration...... .07/08/2008. .............471,805 ....... ............................ ........................ ........(471,805) ........................ ........................ ........................
E19.5<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........1,756,991 .07/08/2008. .........................1,531.85 .07/09/2007. Merrill Lynch International ...............75,199 Expiration...... .07/08/2008. ...............75,199 ....... ............................ ........................ ...........(75,199) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,139,555 .07/08/2008. ...........................1,568.7 .07/09/2007. Merrill Lynch International ...............69,928 Expiration...... .07/08/2008. ...............69,928 ....... ............................ ........................ ...........(69,928) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,111,653 .07/08/2008. .........................1,267.34 .07/10/2006. Merrill Lynch International .............669,211 Expiration...... .07/08/2008. .............669,211 ....... ...............40,707 ........................ ........(628,504) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,005,577 .07/08/2008. .........................1,531.85 .07/09/2007. Societe Generale............ ...............87,844 Expiration...... .07/08/2008. ...............87,844 ....... ............................ ........................ ...........(87,844) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............59,687 .07/08/2008. .........................1,530.44 .07/09/2007. Sun Trust Bank............... ..................4,876 Expiration...... .07/08/2008. ..................4,876 ....... ............................ ........................ .............(4,876) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........203,549 .07/08/2008. .........................1,557.22 .07/09/2007. Sun Trust Bank............... ..................6,933 Expiration...... .07/08/2008. ..................6,933 ....... ............................ ........................ .............(6,933) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,476,177 .07/08/2008. .........................1,538.59 .07/09/2007. Sun Trust Bank............... ...............64,804 Expiration...... .07/08/2008. ...............64,804 ....... ............................ ........................ ...........(64,804) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........220,455 .07/13/2008. .........................1,591.31 .07/23/2007. Sun Trust Bank............... ..................6,905 Expiration...... .07/13/2008. ..................6,905 ....... ............................ ........................ .............(6,905) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,234,372 .07/15/2008. .........................1,549.52 .07/16/2007. BNP Paribas.................... .............188,430 Expiration...... .07/15/2008. .............188,430 ....... ............................ ........................ ........(188,430) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,995,783 .07/15/2008. .........................1,549.52 .07/16/2007. BNP Paribas.................... .............537,438 Expiration...... .07/15/2008. .............537,438 ....... ............................ ........................ ........(537,438) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........158,355 .07/15/2008. .........................1,579.67 .07/16/2007. JP Morgan Chase Bank N.A. ..................5,178 Expiration...... .07/15/2008. ..................5,178 ....... ............................ ........................ .............(5,178) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........212,693 .07/15/2008. ...........................1,552.5 .07/16/2007. JP Morgan Chase Bank N.A. ...............17,602 Expiration...... .07/15/2008. ...............17,602 ....... ............................ ........................ ...........(17,602) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,410,653 .07/15/2008. .........................1,591.31 .07/16/2007. JP Morgan Chase Bank N.A. .............141,311 Expiration...... .07/15/2008. .............141,311 ....... ............................ ........................ ........(141,311) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,944,887 .07/15/2008. .........................1,549.52 .07/16/2007. Lehman Brothers Finance S.A. .............128,986 Expiration...... .07/15/2008. .............128,986 ....... ............................ ........................ ........(128,986) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,477,372 .07/15/2008. .........................1,234.49 .07/17/2006. Sun Trust Bank............... .............239,939 Expiration...... .07/15/2008. .............239,939 ....... ............................ ........................ ........(239,939) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,455,219 .07/15/2008. .........................1,234.49 .07/17/2006. Sun Trust Bank............... .............542,238 Expiration...... .07/15/2008. .............542,238 ....... ............................ ........................ ........(542,238) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,906,448 .07/15/2008. .........................1,554.48 .07/16/2007. Wachovia Capital Markets LLC ...............87,699 Expiration...... .07/15/2008. ...............87,699 ....... ............................ ........................ ...........(87,699) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........457,162 .07/20/2008. .........................1,572.45 .08/01/2007. Lehman Brothers Finance S.A. ...............10,630 Expiration...... .07/20/2008. ...............10,630 ....... ............................ ........................ ...........(10,630) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,307,038 .07/22/2008. .........................1,260.91 .07/24/2006. Bank of New York........... .............323,028 Expiration...... .07/22/2008. .............323,028 ....... ...............72,684 ........................ ........(250,344) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,025,465 .07/22/2008. .........................1,541.57 .07/23/2007. Barclays Capital Inc........ ...............84,462 Expiration...... .07/22/2008. ...............84,462 ....... ............................ ........................ ...........(84,462) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,646,556 .07/22/2008. .........................1,572.45 .07/23/2007. Barclays Capital Inc........ .............124,888 Expiration...... .07/22/2008. .............124,888 ....... ............................ ........................ ........(124,888) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,712,440 .07/22/2008. .........................1,260.91 .07/24/2006. BNP Paribas.................... .............640,904 Expiration...... .07/22/2008. .............640,904 ....... ...............98,416 ........................ ........(542,488) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......15,244,346 .07/22/2008. .........................1,541.57 .07/23/2007. Lehman Brothers Finance S.A. .............586,907 Expiration...... .07/22/2008. .............586,907 ....... ............................ ........................ ........(586,907) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,634,362 .07/22/2008. .........................1,541.57 .07/23/2007. Merrill Lynch International .............203,066 Expiration...... .07/22/2008. .............203,066 ....... ............................ ........................ ........(203,066) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,806,199 .07/22/2008. .........................1,545.27 .07/23/2007. Societe Generale............ ...............86,878 Expiration...... .07/22/2008. ...............86,878 ....... ............................ ........................ ...........(86,878) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...............7,671 .07/22/2008. .........................1,560.95 .07/23/2007. Sun Trust Bank............... .....................296 Expiration...... .07/22/2008. .....................296 ....... ............................ ........................ ................(296) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........135,001 .07/22/2008. ...........................1,534.1 .07/23/2007. Sun Trust Bank............... ...............11,648 Expiration...... .07/22/2008. ...............11,648 ....... ............................ ........................ ...........(11,648) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........277,201 .07/27/2008. .........................1,495.42 .08/01/2007. Lehman Brothers Finance S.A. ...............13,395 Expiration...... .07/27/2008. ...............13,395 ....... ............................ ........................ ...........(13,395) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,735,595 .08/01/2008. .........................1,465.81 .08/01/2007. Bear Stearns International Ltd .............148,677 Expiration...... .08/01/2008. .............148,677 ....... ............................ ........................ ........(148,677) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,049,050 .08/01/2008. .........................1,270.92 .08/01/2006. Bear Stearns International Ltd .............366,056 Expiration...... .08/01/2008. .............366,056 ....... ............................ ........................ ........(366,056) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,577,201 .08/01/2008. .........................1,465.81 .08/01/2007. BNP Paribas.................... .............200,939 Expiration...... .08/01/2008. .............200,939 ....... ............................ ........................ ........(200,939) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........150,983 .08/01/2008. .........................1,465.81 .08/01/2007. Lehman Brothers Finance S.A. ...............14,781 Expiration...... .08/01/2008. ...............14,781 ....... ............................ ........................ ...........(14,781) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........705,472 .08/01/2008. .........................1,500.26 .08/01/2007. Lehman Brothers Finance S.A. ...............26,032 Expiration...... .08/01/2008. ...............26,032 ....... ............................ ........................ ...........(26,032) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,022,840 .08/01/2008. .........................1,470.21 .08/01/2007. Morgan Stanley & Co International .............163,233 PLC Expiration...... .08/01/2008. .............163,233 ....... ............................ ........................ ........(163,233) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,916,436 .08/01/2008. .........................1,504.36 .08/01/2007. Morgan Stanley & Co International .............488,574 PLC Expiration...... .08/01/2008. .............488,574 ....... ............................ ........................ ........(488,574) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,955,895 .08/01/2008. .........................1,270.92 .08/01/2006. Sun Trust Bank............... .............914,817 Expiration...... .08/01/2008. .............914,817 ....... ............................ ........................ ........(914,817) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......26,806,144 .08/01/2008. .........................1,465.81 .08/01/2007. Wachovia Capital Markets LLC ..........1,005,230 Expiration...... .08/01/2008. ..........1,005,230 ....... ............................ ........................ .....(1,005,230) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........719,396 .08/03/2008. .........................1,477.48 .08/08/2007. Lehman Brothers Finance S.A. ...............46,852 Expiration...... .08/03/2008. ...............46,852 ....... ............................ ........................ ...........(46,852) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,883,554 .08/08/2008. .........................1,271.48 .08/08/2006. BNP Paribas.................... .............639,356 Expiration...... .08/08/2008. .............639,356 ....... .............154,015 ........................ ........(485,341) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............97,413 .08/08/2008. .........................1,497.49 .08/08/2007. Lehman Brothers Finance ..................9,819 S.A.<br />
Expiration...... .08/08/2008. ..................9,819 ....... ............................ ........................ .............(9,819) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,635,146 .08/08/2008. .........................1,532.68 .08/08/2007. Lehman Brothers Finance S.A. ...............54,941 Expiration...... .08/08/2008. ...............54,941 ....... ............................ ........................ ...........(54,941) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,736,567 .08/08/2008. .........................1,505.88 .08/08/2007. Lehman Brothers Finance S.A. ...............87,002 Expiration...... .08/08/2008. ...............87,002 ....... ............................ ........................ ...........(87,002) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,083,742 .08/08/2008. .........................1,497.49 .08/08/2007. Lehman Brothers Finance S.A. .............181,318 Expiration...... .08/08/2008. .............181,318 ....... ............................ ........................ ........(181,318) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,252,690 .08/08/2008. .........................1,271.48 .08/08/2006. Lehman Brothers Finance S.A. .............267,920 Expiration...... .08/08/2008. .............267,920 ....... ............................ ........................ ........(267,920) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......17,183,399 .08/08/2008. .........................1,497.49 .08/08/2007. Lehman Brothers Finance S.A. .............642,659 Expiration...... .08/08/2008. .............642,659 ....... ............................ ........................ ........(642,659) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,383,277 .08/08/2008. .........................1,497.49 .08/08/2007. Merrill Lynch International ...............96,523 Expiration...... .08/08/2008. ...............96,523 ....... ............................ ........................ ...........(96,523) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,971,473 .08/08/2008. .........................1,543.91 .08/08/2007. Merrill Lynch International .............142,179 Expiration...... .08/08/2008. .............142,179 ....... ............................ ........................ ........(142,179) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,762,563 .08/15/2008. ...........................1,406.7 .08/15/2007. Bear Stearns International Ltd ...............69,092 Expiration...... .08/15/2008. ...............69,092 ....... ............................ ........................ ...........(69,092) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,097,417 .08/15/2008. ...........................1,406.7 .08/15/2007. Lehman Brothers Finance S.A. .............140,003 Expiration...... .08/15/2008. .............140,003 ....... ............................ ........................ ........(140,003) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,675,099 .08/15/2008. .........................1,285.58 .08/15/2006. Lehman Brothers Finance S.A. .............231,531 Expiration...... .08/15/2008. .............231,531 ....... ............................ ........................ ........(231,531) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,076,070 .08/15/2008. ...........................1,406.7 .08/15/2007. Lehman Brothers Finance S.A. .............604,460 Expiration...... .08/15/2008. .............604,460 ....... ............................ ........................ ........(604,460) ........................ ........................ ........................
E19.6<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. .............99,569 .08/15/2008. ...........................1,406.7 .08/15/2007. Wachovia Capital Markets LLC ...............10,037 Expiration...... .08/15/2008. ...............10,037 ....... ............................ ........................ ...........(10,037) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........769,736 .08/15/2008. .........................1,439.76 .08/15/2007. Wachovia Capital Markets LLC ...............29,327 Expiration...... .08/15/2008. ...............29,327 ....... ............................ ........................ ...........(29,327) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,854,204 .08/15/2008. .........................1,414.72 .08/15/2007. Wachovia Capital Markets LLC .............108,471 Expiration...... .08/15/2008. .............108,471 ....... ............................ ........................ ........(108,471) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,222,049 .08/15/2008. .........................1,450.31 .08/15/2007. Wachovia Capital Markets LLC .............188,726 Expiration...... .08/15/2008. .............188,726 ....... ............................ ........................ ........(188,726) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,742,339 .08/15/2008. .........................1,285.58 .08/15/2006. Wachovia Capital Markets LLC .............617,064 Expiration...... .08/15/2008. .............617,064 ....... ...............76,003 ........................ ........(541,061) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........352,809 .08/17/2008. .........................1,490.76 .08/22/2007. Lehman Brothers Finance S.A. ...............16,558 Expiration...... .08/17/2008. ...............16,558 ....... ............................ ........................ ...........(16,558) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,268,326 .08/22/2008. .........................1,464.07 .08/22/2007. Bank of New York........... ...............94,136 Expiration...... .08/22/2008. ...............94,136 ....... ............................ ........................ ...........(94,136) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,339,290 .08/22/2008. .........................1,509.46 .08/22/2007. Barclays Capital Inc........ .............172,270 Expiration...... .08/22/2008. .............172,270 ....... ............................ ........................ ........(172,270) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,496,120 .08/22/2008. .........................1,298.82 .08/22/2006. BNP Paribas.................... .............670,344 Expiration...... .08/22/2008. .............670,344 ....... ............................ ........................ ........(670,344) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........199,806 .08/22/2008. .........................1,464.07 .08/22/2007. Lehman Brothers Finance S.A. ...............19,161 Expiration...... .08/22/2008. ...............19,161 ....... ............................ ........................ ...........(19,161) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........834,257 .08/22/2008. .........................1,498.48 .08/22/2007. Lehman Brothers Finance S.A. ...............30,033 Expiration...... .08/22/2008. ...............30,033 ....... ............................ ........................ ...........(30,033) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........966,719 .08/22/2008. .........................1,472.56 .08/22/2007. Lehman Brothers Finance S.A. ...............52,203 Expiration...... .08/22/2008. ...............52,203 ....... ............................ ........................ ...........(52,203) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,044,969 .08/22/2008. .........................1,464.07 .08/22/2007. Lehman Brothers Finance S.A. .............133,674 Expiration...... .08/22/2008. .............133,674 ....... ............................ ........................ ........(133,674) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,472,423 .08/22/2008. .........................1,298.82 .08/22/2006. Lehman Brothers Finance S.A. .............225,707 Expiration...... .08/22/2008. .............225,707 ....... ............................ ........................ ........(225,707) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......15,115,402 .08/22/2008. .........................1,464.07 .08/22/2007. Sun Trust Bank............... .............569,851 Expiration...... .08/22/2008. .............569,851 ....... ............................ ........................ ........(569,851) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........211,550 .08/24/2008. .........................1,525.23 .09/04/2007. Bear Stearns International ..................8,786 Ltd<br />
Expiration...... .08/24/2008. ..................8,786 ....... ............................ ........................ .............(8,786) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........147,399 .09/01/2008. .........................1,473.99 .09/04/2007. Bear Stearns International Ltd ...............14,868 Expiration...... .09/01/2008. ...............14,868 ....... ............................ ........................ ...........(14,868) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........713,411 .09/01/2008. .........................1,508.63 .09/04/2007. Bear Stearns International Ltd ...............28,416 Expiration...... .09/01/2008. ...............28,416 ....... ............................ ........................ ...........(28,416) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,910,995 .09/01/2008. .........................1,489.42 .09/04/2007. Bear Stearns International Ltd .............162,306 Expiration...... .09/01/2008. .............162,306 ....... ............................ ........................ ........(162,306) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,387,194 .09/01/2008. .........................1,489.42 .09/04/2007. Bear Stearns International Ltd .............233,804 Expiration...... .09/01/2008. .............233,804 ....... ............................ ........................ ........(233,804) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,687,735 .09/01/2008. .........................1,498.51 .09/04/2007. BNP Paribas.................... .............142,987 Expiration...... .09/01/2008. .............142,987 ....... ............................ ........................ ........(142,987) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,469,977 .09/01/2008. .........................1,521.31 .09/04/2007. BNP Paribas.................... .............241,957 Expiration...... .09/01/2008. .............241,957 ....... ............................ ........................ ........(241,957) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,807,906 .09/01/2008. .........................1,311.01 .09/01/2006. Lehman Brothers Finance S.A. ..........1,072,874 Expiration...... .09/01/2008. ..........1,072,874 ....... ............................ ........................ .....(1,072,874) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,756,232 .09/01/2008. .........................1,311.01 .09/01/2006. Sun Trust Bank............... .............402,548 Expiration...... .09/01/2008. .............402,548 ....... ............................ ........................ ........(402,548) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......31,004,605 .09/01/2008. .........................1,489.42 .09/04/2007. Wachovia Capital Markets LLC ..........1,202,979 Expiration...... .09/01/2008. ..........1,202,979 ....... ............................ ........................ .....(1,202,979) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,891,705 .09/08/2008. ...........................1,451.7 .09/10/2007. Barclays Capital Inc........ ...............75,668 Expiration...... .09/08/2008. ...............75,668 ....... ............................ ........................ ...........(75,668) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............98,841 .09/08/2008. .........................1,453.55 .09/10/2007. Lehman Brothers Finance S.A. ...............10,005 Expiration...... .09/08/2008. ...............10,005 ....... ............................ ........................ ...........(10,005) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........765,706 .09/08/2008. .........................1,472.17 .09/10/2007. Lehman Brothers Finance S.A. ...............42,037 Expiration...... .09/08/2008. ...............42,037 ....... ............................ ........................ ...........(42,037) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........821,256 .09/08/2008. .........................1,495.85 .09/10/2007. Lehman Brothers Finance S.A. ...............29,934 Expiration...... .09/08/2008. ...............29,934 ....... ............................ ........................ ...........(29,934) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,540,805 .09/08/2008. .........................1,503.55 .09/10/2007. Lehman Brothers Finance S.A. .............107,956 Expiration...... .09/08/2008. .............107,956 ....... ............................ ........................ ........(107,956) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,574,983 .09/08/2008. .........................1,298.92 .09/08/2006. Lehman Brothers Finance S.A. .............214,499 Expiration...... .09/08/2008. .............214,499 ....... ............................ ........................ ........(214,499) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,934,841 .09/08/2008. ...........................1,451.7 .09/10/2007. Lehman Brothers Finance S.A. .............552,589 Expiration...... .09/08/2008. .............552,589 ....... ............................ ........................ ........(552,589) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,058,978 .09/08/2008. .........................1,298.92 .09/08/2006. Merrill Lynch International .............386,000 Expiration...... .09/08/2008. .............386,000 ....... ............................ ........................ ........(386,000) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,488,314 .09/08/2008. ...........................1,451.7 .09/10/2007. Societe Generale............ .............106,500 Expiration...... .09/08/2008. .............106,500 ....... ............................ ........................ ........(106,500) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............65,307 .09/15/2008. .........................1,484.25 .09/17/2007. Lehman Brothers Finance ..................6,480 S.A.<br />
Expiration...... .09/15/2008. ..................6,480 ....... ............................ ........................ .............(6,480) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........946,952 .09/15/2008. .........................1,528.18 .09/17/2007. Lehman Brothers Finance S.A. ...............32,015 Expiration...... .09/15/2008. ...............32,015 ....... ............................ ........................ ...........(32,015) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,565,605 .09/15/2008. ...........................1,505.3 .09/17/2007. Lehman Brothers Finance S.A. ...............76,088 Expiration...... .09/15/2008. ...............76,088 ....... ............................ ........................ ...........(76,088) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,815,090 .09/15/2008. .........................1,319.87 .09/15/2006. Lehman Brothers Finance S.A. .............178,195 Expiration...... .09/15/2008. .............178,195 ....... ............................ ........................ ........(178,195) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,895,966 .09/15/2008. .........................1,476.65 .09/17/2007. Lehman Brothers Finance S.A. .............124,237 Expiration...... .09/15/2008. .............124,237 ....... ............................ ........................ ........(124,237) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,191,522 .09/15/2008. ...........................1,535.9 .09/17/2007. Lehman Brothers Finance S.A. .............158,624 Expiration...... .09/15/2008. .............158,624 ....... ............................ ........................ ........(158,624) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......22,140,967 .09/15/2008. .........................1,476.65 .09/17/2007. Lehman Brothers Finance S.A. .............812,573 Expiration...... .09/15/2008. .............812,573 ....... ............................ ........................ ........(812,573) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,520,107 .09/15/2008. .........................1,476.65 .09/17/2007. Merrill Lynch International ...............61,564 Expiration...... .09/15/2008. ...............61,564 ....... ............................ ........................ ...........(61,564) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,560,892 .09/15/2008. .........................1,319.87 .09/15/2006. Wachovia Capital Markets LLC .............505,845 Expiration...... .09/15/2008. .............505,845 ....... ............................ ........................ ........(505,845) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,127,709 .09/22/2008. .........................1,517.73 .09/24/2007. Bear Stearns International Ltd .............127,298 Expiration...... .09/22/2008. .............127,298 ....... ............................ ........................ ........(127,298) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,337,202 .09/22/2008. .........................1,517.73 .09/24/2007. Bear Stearns International Ltd .............147,171 Expiration...... .09/22/2008. .............147,171 ....... ............................ ........................ ........(147,171) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,152,200 .09/22/2008. .........................1,578.39 .09/24/2007. BNP Paribas.................... ...............94,912 Expiration...... .09/22/2008. ...............94,912 ....... ............................ ........................ ...........(94,912) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........8,871,074 .09/22/2008. .........................1,314.78 .09/22/2006. BNP Paribas.................... .............649,363 Expiration...... .09/22/2008. .............649,363 ....... ............................ ........................ ........(649,363) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,910,609 .09/22/2008. .........................1,314.78 .09/22/2006. Lehman Brothers Finance S.A. .............166,487 Expiration...... .09/22/2008. .............166,487 ....... ............................ ........................ ........(166,487) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,910,609 .09/22/2008. .........................1,314.78 .09/17/2008. Societe Generale............ ..................6,985 Expiration...... .09/22/2008. ..................6,985 ....... ............................ ........................ .............(6,985) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........151,049 .09/22/2008. .........................1,525.75 .09/24/2007. Wachovia Capital Markets LLC ...............12,909 Expiration...... .09/22/2008. ...............12,909 ....... ............................ ........................ ...........(12,909) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........529,435 .09/22/2008. .........................1,569.23 .09/24/2007. Wachovia Capital Markets LLC ...............15,743 Expiration...... .09/22/2008. ...............15,743 ....... ............................ ........................ ...........(15,743) ........................ ........................ ........................
E19.7<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........1,249,189 .09/22/2008. .........................1,541.41 .09/24/2007. Wachovia Capital Markets LLC ...............54,215 Expiration...... .09/22/2008. ...............54,215 ....... ............................ ........................ ...........(54,215) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......20,605,059 .09/22/2008. .........................1,517.73 .09/24/2007. Wachovia Capital Markets LLC .............760,327 Expiration...... .09/22/2008. .............760,327 ....... ............................ ........................ ........(760,327) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........912,997 .09/28/2008. .........................1,580.19 .10/01/2007. Credit Suisse International ...............36,502 Expiration...... .09/28/2008. ...............36,502 ....... ............................ ........................ ...........(36,502) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......27,439,401 .10/01/2008. .........................1,547.04 .10/01/2007. Barclays Capital Inc........ .............993,306 Expiration...... .10/01/2008. .............993,306 ....... ............................ ........................ ........(993,306) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,237,170 .10/01/2008. .........................1,331.32 .09/17/2008. BNP Paribas.................... ..................6,753 Expiration...... .10/01/2008. ..................6,753 ....... ............................ ........................ .............(6,753) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........248,557 .10/01/2008. .........................1,547.04 .10/01/2007. Credit Suisse International ...............21,102 Expiration...... .10/01/2008. ...............21,102 ....... ............................ ........................ ...........(21,102) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,748,474 .10/01/2008. .........................1,595.77 .10/01/2007. Credit Suisse International ...............79,981 Expiration...... .10/01/2008. ...............79,981 ....... ............................ ........................ ...........(79,981) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,387,900 .10/01/2008. .........................1,331.32 .10/02/2006. Lehman Brothers Finance S.A. .............352,612 Sale............... .09/15/2008. .............352,612 ....... ............................ ........................ ........(352,612) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,237,170 .10/01/2008. .........................1,331.32 .10/02/2006. Lehman Brothers Finance S.A. .............832,674 Sale............... .09/15/2008. .............832,674 ....... ............................ ........................ ........(832,674) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,597,699 .10/01/2008. .........................1,547.04 .10/01/2007. Merrill Lynch International .............106,506 Expiration...... .10/01/2008. .............106,506 ....... ............................ ........................ ........(106,506) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,169,208 .10/01/2008. .........................1,547.04 .10/01/2007. Merrill Lynch International .............135,806 Expiration...... .10/01/2008. .............135,806 ....... ............................ ........................ ........(135,806) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,387,900 .10/01/2008. .........................1,331.32 .09/17/2008. Societe Generale............ ...............15,331 Expiration...... .10/01/2008. ...............15,331 ....... ............................ ........................ ...........(15,331) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,278,527 .10/01/2008. ...........................1,568.7 .10/01/2007. Sun Trust Bank............... ...............52,803 Expiration...... .10/01/2008. ...............52,803 ....... ............................ ........................ ...........(52,803) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,058,239 .10/01/2008. ...........................1,611.4 .10/01/2007. Sun Trust Bank............... .............191,984 Expiration...... .10/01/2008. .............191,984 ....... ............................ ........................ ........(191,984) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........283,481 .10/05/2008. .........................1,633.13 .09/17/2008. BNP Paribas.................... .....................182 Expiration...... .10/05/2008. .....................182 ....... ............................ ........................ ................(182) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........283,481 .10/05/2008. .........................1,633.13 .10/15/2007. Lehman Brothers Finance ..................7,508 S.A.<br />
Sale............... .09/15/2008. ..................7,508 ....... ............................ ........................ .............(7,508) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,172,879 .10/08/2008. .........................1,552.58 .10/08/2007. Bear Stearns International Ltd .............134,847 Expiration...... .10/08/2008. .............134,847 ....... ............................ ........................ ........(134,847) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,300,964 .10/08/2008. .........................1,350.66 .10/09/2006. Bear Stearns International Ltd .............681,761 Expiration...... .10/08/2008. .............681,761 ....... ............................ ........................ ........(681,761) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........938,690 .10/08/2008. .........................1,594.97 .09/17/2008. BNP Paribas.................... .....................605 Expiration...... .10/08/2008. .....................605 ....... ............................ ........................ ................(605) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,348,300 .10/08/2008. ...........................1,612.2 .09/17/2008. BNP Paribas.................... .....................866 Expiration...... .10/08/2008. .....................866 ....... ............................ ........................ ................(866) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,074,666 .10/08/2008. .........................1,628.04 .09/17/2008. BNP Paribas.................... ..................1,980 Expiration...... .10/08/2008. ..................1,980 ....... ............................ ........................ .............(1,980) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,283,175 .10/08/2008. .........................1,552.58 .10/08/2007. JP Morgan Chase Bank N.A. ...............94,523 Expiration...... .10/08/2008. ...............94,523 ....... ............................ ........................ ...........(94,523) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........129,312 .10/08/2008. .........................1,552.58 .10/08/2007. Lehman Brothers Finance S.A. ...............11,573 Sale............... .09/15/2008. ...............11,573 ....... ............................ ........................ ...........(11,573) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........938,690 .10/08/2008. .........................1,594.97 .10/08/2007. Lehman Brothers Finance S.A. ...............34,262 Sale............... .09/15/2008. ...............34,262 ....... ............................ ........................ ...........(34,262) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,348,300 .10/08/2008. ...........................1,612.2 .10/08/2007. Lehman Brothers Finance S.A. ...............36,674 Sale............... .09/15/2008. ...............36,674 ....... ............................ ........................ ...........(36,674) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,074,666 .10/08/2008. .........................1,628.04 .10/08/2007. Lehman Brothers Finance S.A. ...............81,479 Sale............... .09/15/2008. ...............81,479 ....... ............................ ........................ ...........(81,479) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,012,699 .10/08/2008. .........................1,350.66 .10/09/2006. Lehman Brothers Finance S.A. .............231,131 Sale............... .09/15/2008. .............231,131 ....... ............................ ........................ ........(231,131) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......18,653,725 .10/08/2008. .........................1,552.58 .10/08/2007. Lehman Brothers Finance S.A. .............716,303 Sale............... .09/15/2008. .............716,303 ....... ............................ ........................ ........(716,303) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,012,699 .10/08/2008. .........................1,350.66 .09/17/2008. Societe Generale............ ..................9,630 Expiration...... .10/08/2008. ..................9,630 ....... ............................ ........................ .............(9,630) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......18,653,725 .10/08/2008. .........................1,552.58 .09/17/2008. Societe Generale............ ...............35,204 Expiration...... .10/08/2008. ...............35,204 ....... ............................ ........................ ...........(35,204) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,244,307 .10/12/2008. .........................1,637.55 .10/22/2007. Wachovia Capital Markets LLC ...............36,184 Expiration...... .10/12/2008. ...............36,184 ....... ............................ ........................ ...........(36,184) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,133,046 .10/15/2008. .........................1,548.71 .10/15/2007. Barclays Capital Inc........ ...............86,175 Expiration...... .10/15/2008. ...............86,175 ....... ............................ ........................ ...........(86,175) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........891,305 .10/15/2008. .........................1,608.03 .09/17/2008. BNP Paribas.................... .....................576 Expiration...... .10/15/2008. .....................576 ....... ............................ ........................ ................(576) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,395,755 .10/15/2008. .........................1,597.34 .09/17/2008. BNP Paribas.................... .....................901 Expiration...... .10/15/2008. .....................901 ....... ............................ ........................ ................(901) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,888,195 .10/15/2008. .........................1,622.43 .09/17/2008. BNP Paribas.................... ..................1,865 Expiration...... .10/15/2008. ..................1,865 ....... ............................ ........................ .............(1,865) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,981,055 .10/15/2008. .........................1,369.05 .10/16/2006. JP Morgan Chase Bank N.A. .............511,711 Expiration...... .10/15/2008. .............511,711 ....... ............................ ........................ ........(511,711) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........127,634 .10/15/2008. .........................1,548.71 .10/15/2007. Lehman Brothers Finance S.A. ...............12,125 Sale............... .09/15/2008. ...............12,125 ....... ............................ ........................ ...........(12,125) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........891,305 .10/15/2008. .........................1,608.03 .10/15/2007. Lehman Brothers Finance S.A. ...............26,026 Sale............... .09/15/2008. ...............26,026 ....... ............................ ........................ ...........(26,026) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,395,755 .10/15/2008. .........................1,597.34 .10/15/2007. Lehman Brothers Finance S.A. ...............51,224 Sale............... .09/15/2008. ...............51,224 ....... ............................ ........................ ...........(51,224) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,888,195 .10/15/2008. .........................1,622.43 .10/15/2007. Lehman Brothers Finance S.A. ...............84,046 Sale............... .09/15/2008. ...............84,046 ....... ............................ ........................ ...........(84,046) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,759,068 .10/15/2008. .........................1,369.05 .10/16/2006. Lehman Brothers Finance S.A. .............227,424 Sale............... .09/15/2008. .............227,424 ....... ............................ ........................ ........(227,424) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,759,068 .10/15/2008. .........................1,369.05 .09/17/2008. Societe Generale............ ..................9,022 Expiration...... .10/15/2008. ..................9,022 ....... ............................ ........................ .............(9,022) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,414,657 .10/15/2008. .........................1,548.71 .10/15/2007. Sun Trust Bank............... .............144,099 Expiration...... .10/15/2008. .............144,099 ....... ............................ ........................ ........(144,099) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......16,603,724 .10/15/2008. .........................1,548.71 .10/15/2007. Sun Trust Bank............... .............629,281 Expiration...... .10/15/2008. .............629,281 ....... ............................ ........................ ........(629,281) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........588,247 .10/19/2008. .........................1,573.41 .11/01/2007. Credit Suisse International ...............19,008 Expiration...... .10/19/2008. ...............19,008 ....... ............................ ........................ ...........(19,008) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,352,872 .10/22/2008. .........................1,506.33 .10/22/2007. BNP Paribas.................... .............181,950 Expiration...... .10/22/2008. .............181,950 ....... ............................ ........................ ........(181,950) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,624,238 .10/22/2008. .........................1,377.02 .10/23/2006. Lehman Brothers Finance S.A. .............232,676 Sale............... .09/15/2008. .............232,676 ....... ............................ ........................ ........(232,676) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,624,238 .10/22/2008. .........................1,377.02 .09/17/2008. Societe Generale............ ..................8,698 Expiration...... .10/22/2008. ..................8,698 ....... ............................ ........................ .............(8,698) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............97,179 .10/22/2008. .........................1,506.33 .10/22/2007. Wachovia Capital Markets ..................9,456 LLC<br />
Expiration...... .10/22/2008. ..................9,456 ....... ............................ ........................ .............(9,456) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........628,445 .10/22/2008. .........................1,564.02 .10/22/2007. Wachovia Capital Markets LLC ...............19,545 Expiration...... .10/22/2008. ...............19,545 ....... ............................ ........................ ...........(19,545) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,550,043 .10/22/2008. .............................1,547. .10/22/2007. Wachovia Capital Markets LLC ...............67,117 Expiration...... .10/22/2008. ...............67,117 ....... ............................ ........................ ...........(67,117) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,622,286 .10/22/2008. .........................1,506.33 .10/22/2007. Wachovia Capital Markets LLC .............102,531 Expiration...... .10/22/2008. .............102,531 ....... ............................ ........................ ........(102,531) ........................ ........................ ........................
E19.8<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........4,629,152 .10/22/2008. .........................1,579.24 .10/22/2007. Wachovia Capital Markets LLC .............155,077 Expiration...... .10/22/2008. .............155,077 ....... ............................ ........................ ........(155,077) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,094,418 .10/22/2008. .........................1,377.02 .10/23/2006. Wachovia Capital Markets LLC .............747,996 Expiration...... .10/22/2008. .............747,996 ....... ............................ ........................ ........(747,996) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......19,665,552 .10/22/2008. .........................1,506.33 .10/22/2007. Wachovia Capital Markets LLC .............721,726 Expiration...... .10/22/2008. .............721,726 ....... ............................ ........................ ........(721,726) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............81,370 .10/26/2008. .........................1,609.74 .11/01/2007. Credit Suisse International..................1,878 Expiration...... .10/26/2008. ..................1,878 ....... ............................ ........................ .............(1,878) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,023,683 .11/01/2008. .........................1,367.81 .11/01/2006. ABN-Amro Bank N.V....... .............791,465 Expiration...... .11/01/2008. .............791,465 ....... ............................ ........................ ........(791,465) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........168,572 .11/01/2008. .........................1,508.44 .11/01/2007. Credit Suisse International ...............16,486 Expiration...... .11/01/2008. ...............16,486 ....... ............................ ........................ ...........(16,486) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,140,537 .11/01/2008. .........................1,566.51 .11/01/2007. Credit Suisse International ...............32,847 Expiration...... .11/01/2008. ...............32,847 ....... ............................ ........................ ...........(32,847) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,374,398 .11/01/2008. .........................1,563.05 .11/01/2007. Credit Suisse International ...............51,900 Expiration...... .11/01/2008. ...............51,900 ....... ............................ ........................ ...........(51,900) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,047,001 .11/01/2008. .........................1,508.44 .11/01/2007. Credit Suisse International .............136,384 Expiration...... .11/01/2008. .............136,384 ....... ............................ ........................ ........(136,384) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,015,323 .11/01/2008. .........................1,587.03 .11/01/2007. Credit Suisse International .............151,463 Expiration...... .11/01/2008. .............151,463 ....... ............................ ........................ ........(151,463) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,361,973 .11/01/2008. .........................1,367.81 .11/01/2006. Lehman Brothers Finance S.A. .............310,458 Sale............... .09/15/2008. .............310,458 ....... ............................ ........................ ........(310,458) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,361,973 .11/01/2008. .........................1,367.81 .09/17/2008. Societe Generale............ ...............12,869 Expiration...... .11/01/2008. ...............12,869 ....... ............................ ........................ ...........(12,869) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,206,011 .11/01/2008. .........................1,508.44 .11/01/2007. Societe Generale............ .............249,482 Expiration...... .11/01/2008. .............249,482 ....... ............................ ........................ ........(249,482) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......24,893,382 .11/01/2008. .........................1,508.44 .11/01/2007. Sun Trust Bank............... .............933,502 Expiration...... .11/01/2008. .............933,502 ....... ............................ ........................ ........(933,502) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........271,737 .11/02/2008. .........................1,596.45 .11/08/2007. Sun Trust Bank............... ..................6,629 Expiration...... .11/02/2008. ..................6,629 ....... ............................ ........................ .............(6,629) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,876,375 .11/08/2008. .........................1,474.77 .11/08/2007. Bank of New York........... .............153,504 Expiration...... .11/08/2008. .............153,504 ....... ............................ ........................ ........(153,504) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,154,159 .11/08/2008. .........................1,385.72 .11/08/2006. Barclays Capital Inc........ .............507,945 Expiration...... .11/08/2008. .............507,945 ....... ............................ ........................ ........(507,945) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,716,359 .11/08/2008. .........................1,474.77 .11/08/2007. Credit Suisse International .............103,222 Expiration...... .11/08/2008. .............103,222 ....... ............................ ........................ ........(103,222) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,409,508 .11/08/2008. .........................1,525.94 .11/08/2007. JP Morgan Chase Bank N.A. ...............67,656 Expiration...... .11/08/2008. ...............67,656 ....... ............................ ........................ ...........(67,656) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,898,809 .11/08/2008. .........................1,559.42 .11/08/2007. JP Morgan Chase Bank N.A. ...............69,686 Expiration...... .11/08/2008. ...............69,686 ....... ............................ ........................ ...........(69,686) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,469,517 .11/08/2008. .........................1,385.72 .11/08/2006. Lehman Brothers Finance S.A. .............202,967 Sale............... .09/15/2008. .............202,967 ....... ............................ ........................ ........(202,967) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,469,517 .11/08/2008. .........................1,385.72 .09/17/2008. Societe Generale............ ..................8,327 Expiration...... .11/08/2008. ..................8,327 ....... ............................ ........................ .............(8,327) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. .............51,571 .11/08/2008. .........................1,474.77 .11/08/2007. Sun Trust Bank............... ..................5,657 Expiration...... .11/08/2008. ..................5,657 ....... ............................ ........................ .............(5,657) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,111,082 .11/08/2008. .........................1,541.13 .11/08/2007. Sun Trust Bank............... ...............37,777 Expiration...... .11/08/2008. ...............37,777 ....... ............................ ........................ ...........(37,777) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......17,791,478 .11/08/2008. .........................1,474.77 .11/08/2007. Wachovia Capital Markets LLC .............649,389 Expiration...... .11/08/2008. .............649,389 ....... ............................ ........................ ........(649,389) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........321,268 .11/09/2008. .........................1,537.29 .11/15/2007. BNP Paribas.................... ...............11,843 Expiration...... .11/09/2008. ...............11,843 ....... ............................ ........................ ...........(11,843) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,079,713 .11/15/2008. .........................1,396.57 .11/15/2006. ABN-Amro Bank N.V....... .............512,535 Expiration...... .11/15/2008. .............512,535 ....... ............................ ........................ ........(512,535) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,963,298 .11/15/2008. .........................1,451.15 .11/15/2007. Barclays Capital Inc........ .............117,050 Expiration...... .11/15/2008. .............117,050 ....... ............................ ........................ ........(117,050) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........166,024 .11/15/2008. .........................1,451.15 .11/15/2007. BNP Paribas.................... ...............17,997 Expiration...... .11/15/2008. ...............17,997 ....... ............................ ........................ ...........(17,997) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........760,531 .11/15/2008. .........................1,516.02 .11/15/2007. BNP Paribas.................... ...............25,174 Expiration...... .11/15/2008. ...............25,174 ....... ............................ ........................ ...........(25,174) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,174,933 .11/15/2008. .........................1,451.15 .11/15/2007. BNP Paribas.................... .............210,620 Expiration...... .11/15/2008. .............210,620 ....... ............................ ........................ ........(210,620) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,552,198 .11/15/2008. .........................1,396.57 .11/15/2006. JP Morgan Chase Bank N.A. .............221,657 Expiration...... .11/15/2008. .............221,657 ....... ............................ ........................ ........(221,657) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,154,781 .11/15/2008. .........................1,503.83 .11/15/2007. Sun Trust Bank............... ...............53,120 Expiration...... .11/15/2008. ...............53,120 ....... ............................ ........................ ...........(53,120) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,836,937 .11/15/2008. .........................1,534.01 .11/15/2007. Sun Trust Bank............... ...............66,681 Expiration...... .11/15/2008. ...............66,681 ....... ............................ ........................ ...........(66,681) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......18,670,133 .11/15/2008. .........................1,451.15 .11/15/2007. Sun Trust Bank............... .............668,391 Expiration...... .11/15/2008. .............668,391 ....... ............................ ........................ ........(668,391) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........175,679 .11/22/2008. .........................1,416.77 .11/22/2007. Barclays Capital Inc........ ...............20,790 Expiration...... .11/22/2008. ...............20,790 ....... ............................ ........................ ...........(20,790) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........444,866 .11/22/2008. .........................1,479.53 .11/22/2007. Barclays Capital Inc........ ...............16,956 Expiration...... .11/22/2008. ...............16,956 ....... ............................ ........................ ...........(16,956) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,988,276 .11/22/2008. .........................1,497.18 .11/22/2007. Barclays Capital Inc........ ...............88,677 Expiration...... .11/22/2008. ...............88,677 ....... ............................ ........................ ...........(88,677) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,339,327 .11/22/2008. .........................1,497.38 .11/22/2007. Barclays Capital Inc........ .............149,693 Expiration...... .11/22/2008. .............149,693 ....... ............................ ........................ ........(149,693) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,161,295 .11/22/2008. .........................1,406.09 .09/17/2008. BNP Paribas.................... ...............10,033 Expiration...... .11/22/2008. ...............10,033 ....... ............................ ........................ ...........(10,033) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......17,973,330 .11/22/2008. ...........................1,440.7 .11/22/2007. BNP Paribas.................... .............665,013 Expiration...... .11/22/2008. .............665,013 ....... ............................ ........................ ........(665,013) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,875,515 .11/22/2008. ...........................1,440.7 .11/22/2007. JP Morgan Chase Bank N.A. .............190,145 Expiration...... .11/22/2008. .............190,145 ....... ............................ ........................ ........(190,145) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,157,091 .11/22/2008. .........................1,406.09 .11/22/2006. Lehman Brothers Finance S.A. .............269,795 Sale............... .09/15/2008. .............269,795 ....... ............................ ........................ ........(269,795) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,161,295 .11/22/2008. .........................1,406.09 .11/22/2006. Lehman Brothers Finance S.A. .............499,858 Sale............... .09/15/2008. .............499,858 ....... ............................ ........................ ........(499,858) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,157,091 .11/22/2008. .........................1,406.09 .09/17/2008. Societe Generale............ ..................9,977 Expiration...... .11/22/2008. ..................9,977 ....... ............................ ........................ .............(9,977) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,829,721 .11/22/2008. ...........................1,440.7 .11/22/2007. Societe Generale............ .............194,638 Expiration...... .11/22/2008. .............194,638 ....... ............................ ........................ ........(194,638) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........229,577 .12/01/2008. .........................1,481.14 .12/03/2007. Bank of New York........... ...............22,754 Expiration...... .12/01/2008. ...............22,754 ....... ............................ ........................ ...........(22,754) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........577,645 .12/01/2008. .........................1,547.79 .12/03/2007. Bank of New York........... ...............16,821 Expiration...... .12/01/2008. ...............16,821 ....... ............................ ........................ ...........(16,821) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......21,631,939 .12/01/2008. .........................1,472.42 .12/03/2007. Bank of New York........... .............778,750 Expiration...... .12/01/2008. .............778,750 ....... ............................ ........................ ........(778,750) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,459,795 .12/01/2008. .........................1,472.42 .12/03/2007. Credit Suisse International .............165,458 Expiration...... .12/01/2008. .............165,458 ....... ............................ ........................ ........(165,458) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,141,728 .12/01/2008. ...........................1,551.2 .12/03/2007. JP Morgan Chase Bank N.A. ...............74,079 Expiration...... .12/01/2008. ...............74,079 ....... ............................ ........................ ...........(74,079) ........................ ........................ ........................
E19.9<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........2,239,045 .12/01/2008. .........................1,506.29 .12/03/2007. JP Morgan Chase Bank N.A. .............111,504 Expiration...... .12/01/2008. .............111,504 ....... ............................ ........................ ........(111,504) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,384,317 .12/01/2008. .........................1,396.72 .12/01/2006. JP Morgan Chase Bank N.A. .............785,518 Expiration...... .12/01/2008. .............785,518 ....... ............................ ........................ ........(785,518) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,163,406 .12/01/2008. .........................1,396.71 .12/01/2006. Sun Trust Bank............... .............245,641 Expiration...... .12/01/2008. .............245,641 ....... ............................ ........................ ........(245,641) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........6,973,138 .12/01/2008. .........................1,472.42 .12/03/2007. Sun Trust Bank............... .............273,347 Expiration...... .12/01/2008. .............273,347 ....... ............................ ........................ ........(273,347) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,037,789 .12/08/2008. .........................1,409.84 .12/08/2006. Barclays Capital Inc........ .............192,900 Expiration...... .12/08/2008. .............192,900 ....... ............................ ........................ ........(192,900) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,054,526 .12/08/2008. .........................1,409.84 .12/08/2006. Bear Stearns International Ltd .............639,250 Expiration...... .12/08/2008. .............639,250 ....... ............................ ........................ ........(639,250) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........173,036 .12/08/2008. .........................1,504.66 .12/10/2007. BNP Paribas.................... ...............17,922 Expiration...... .12/08/2008. ...............17,922 ....... ............................ ........................ ...........(17,922) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........285,885 .12/08/2008. .........................1,556.42 .12/10/2007. BNP Paribas.................... ...............10,127 Expiration...... .12/08/2008. ...............10,127 ....... ............................ ........................ ...........(10,127) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,995,689 .12/08/2008. .........................1,555.98 .12/10/2007. BNP Paribas.................... ...............88,010 Expiration...... .12/08/2008. ...............88,010 ....... ............................ ........................ ...........(88,010) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,564,540 .12/08/2008. ...........................1,565.3 .12/10/2007. BNP Paribas.................... .............147,091 Expiration...... .12/08/2008. .............147,091 ....... ............................ ........................ ........(147,091) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......19,658,592 .12/08/2008. .........................1,515.96 .12/10/2007. BNP Paribas.................... .............707,709 Expiration...... .12/08/2008. .............707,709 ....... ............................ ........................ ........(707,709) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,976,014 .12/08/2008. .........................1,515.96 .12/10/2007. Societe Generale............ .............106,244 Expiration...... .12/08/2008. .............106,244 ....... ............................ ........................ ........(106,244) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,201,714 .12/08/2008. .........................1,515.96 .12/10/2007. Societe Generale............ .............124,226 Expiration...... .12/08/2008. .............124,226 ....... ............................ ........................ ........(124,226) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,521,335 .12/15/2008. ...........................1,445.9 .12/17/2007. BNP Paribas.................... .............178,141 Expiration...... .12/15/2008. .............178,141 ....... ............................ ........................ ........(178,141) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........136,519 .12/15/2008. .........................1,467.95 .12/17/2007. Credit Suisse International ...............12,400 Expiration...... .12/15/2008. ...............12,400 ....... ............................ ........................ ...........(12,400) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........613,603 .12/15/2008. .........................1,519.18 .12/17/2007. Credit Suisse International ...............17,594 Expiration...... .12/15/2008. ...............17,594 ....... ............................ ........................ ...........(17,594) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,918,383 .12/15/2008. .........................1,487.11 .12/17/2007. Credit Suisse International ...............90,931 Expiration...... .12/15/2008. ...............90,931 ....... ............................ ........................ ...........(90,931) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,070,951 .12/15/2008. .........................1,529.75 .12/17/2007. Credit Suisse International ...............97,006 Expiration...... .12/15/2008. ...............97,006 ....... ............................ ........................ ...........(97,006) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,331,204 .12/15/2008. ...........................1,445.9 .12/17/2007. Credit Suisse International .............124,254 Expiration...... .12/15/2008. .............124,254 ....... ............................ ........................ ........(124,254) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......18,607,573 .12/15/2008. ...........................1,445.9 .12/17/2007. Morgan Stanley & Co International .............653,126 PLC Expiration...... .12/15/2008. .............653,126 ....... ............................ ........................ ........(653,126) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,209,734 .12/15/2008. .........................1,427.09 .12/15/2006. Societe Generale............ .............511,170 Expiration...... .12/15/2008. .............511,170 ....... ............................ ........................ ........(511,170) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,831,347 .12/15/2008. .........................1,427.09 .12/15/2006. Sun Trust Bank............... .............241,375 Expiration...... .12/15/2008. .............241,375 ....... ............................ ........................ ........(241,375) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........164,775 .12/22/2008. .........................1,484.46 .12/24/2007. BNP Paribas.................... ...............16,508 Expiration...... .12/22/2008. ...............16,508 ....... ............................ ........................ ...........(16,508) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ...........739,261 .12/22/2008. .........................1,535.08 .12/24/2007. BNP Paribas.................... ...............25,871 Expiration...... .12/22/2008. ...............25,871 ....... ............................ ........................ ...........(25,871) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,398,887 .12/22/2008. .........................1,543.69 .12/24/2007. BNP Paribas.................... ...............95,150 Expiration...... .12/22/2008. ...............95,150 ....... ............................ ........................ ...........(95,150) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,562,828 .12/22/2008. .........................1,496.45 .12/24/2007. BNP Paribas.................... .............174,300 Expiration...... .12/22/2008. .............174,300 ....... ............................ ........................ ........(174,300) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,266,076 .12/22/2008. .........................1,410.76 .09/17/2008. BNP Paribas.................... ...............25,555 Expiration...... .12/22/2008. ...............25,555 ....... ............................ ........................ ...........(25,555) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......22,563,414 .12/22/2008. .........................1,496.45 .12/24/2007. BNP Paribas.................... .............819,052 Expiration...... .12/22/2008. .............819,052 ....... ............................ ........................ ........(819,052) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,593,039 .12/22/2008. .........................1,410.76 .12/22/2006. Lehman Brothers Finance S.A. .............236,063 Sale............... .09/15/2008. .............236,063 ....... ............................ ........................ ........(236,063) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,266,076 .12/22/2008. .........................1,410.76 .12/22/2006. Lehman Brothers Finance S.A. .............798,765 Sale............... .09/15/2008. .............798,765 ....... ............................ ........................ ........(798,765) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,151,360 .12/22/2008. .........................1,496.45 .12/24/2007. Morgan Stanley & Co International .............156,921 PLC Expiration...... .12/22/2008. .............156,921 ....... ............................ ........................ ........(156,921) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,593,039 .12/22/2008. .........................1,410.76 .09/17/2008. Societe Generale............ ..................8,623 Expiration...... .12/22/2008. ..................8,623 ....... ............................ ........................ .............(8,623) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,945,353 .12/22/2008. .........................1,535.21 .12/24/2007. Sun Trust Bank............... .............126,356 Expiration...... .12/22/2008. .............126,356 ....... ............................ ........................ ........(126,356) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,132,272 .01/01/2009. ...........................1,416.6 .01/03/2007. Lehman Brothers Finance S.A. .............504,252 Sale............... .09/15/2008. .............504,252 ....... ............................ ........................ ........(504,252) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,186,463 .01/22/2009. .........................1,422.95 .01/22/2007. Lehman Brothers Finance S.A. .............301,425 Sale............... .09/15/2008. .............301,425 ....... ............................ ........................ ........(301,425) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,415,827 .02/01/2009. .........................1,465.05 .02/01/2008. Lehman Brothers Finance S.A. ...............77,306 Sale............... .09/15/2008. ...............77,306 ....... ............................ ........................ ...........(77,306) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,518,466 .02/01/2009. .........................1,395.42 .02/01/2008. Lehman Brothers Finance S.A. .............129,128 Sale............... .09/15/2008. .............129,128 ....... ............................ ........................ ........(129,128) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......25,230,845 .02/01/2009. .........................1,395.42 .02/01/2008. Lehman Brothers Finance S.A. .............888,126 Sale............... .09/15/2008. .............888,126 ....... ............................ ........................ ........(888,126) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......14,938,359 .02/08/2009. .........................1,331.29 .02/08/2008. Lehman Brothers Finance S.A. .............512,386 Sale............... .09/15/2008. .............512,386 ....... ............................ ........................ ........(512,386) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,069,697 .02/15/2009. .........................1,456.81 .02/15/2007. Lehman Brothers Finance S.A. .............126,252 Sale............... .09/15/2008. .............126,252 ....... ............................ ........................ ........(126,252) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......15,267,014 .02/15/2009. .........................1,349.99 .02/15/2008. Lehman Brothers Finance S.A. .............528,239 Sale............... .09/15/2008. .............528,239 ....... ............................ ........................ ........(528,239) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,475,389 .02/22/2009. .........................1,353.11 .02/22/2008. Lehman Brothers Finance S.A. .............127,894 Sale............... .09/15/2008. .............127,894 ....... ............................ ........................ ........(127,894) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,353,617 .03/01/2009. .........................1,400.04 .03/03/2008. Lehman Brothers Finance S.A. ...............49,407 Sale............... .09/15/2008. ...............49,407 ....... ............................ ........................ ...........(49,407) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,488,975 .03/01/2009. .........................1,423.11 .03/03/2008. Lehman Brothers Finance S.A. ...............40,519 Sale............... .09/15/2008. ...............40,519 ....... ............................ ........................ ...........(40,519) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,014,668 .03/01/2009. .........................1,331.34 .03/03/2008. Lehman Brothers Finance S.A. .............150,149 Sale............... .09/15/2008. .............150,149 ....... ............................ ........................ ........(150,149) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,843,706 .03/08/2009. .........................1,273.37 .03/10/2008. Lehman Brothers Finance S.A. .............141,448 Sale............... .09/15/2008. .............141,448 ....... ............................ ........................ ........(141,448) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,916,945 .03/22/2009. .........................1,419.65 .03/24/2008. Lehman Brothers Finance S.A. .............100,858 Sale............... .09/15/2008. .............100,858 ....... ............................ ........................ ........(100,858) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........3,751,866 .03/22/2009. .........................1,349.88 .03/24/2008. Lehman Brothers Finance S.A. .............138,069 Sale............... .09/15/2008. .............138,069 ....... ............................ ........................ ........(138,069) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........1,835,364 .04/01/2009. .........................1,441.29 .04/01/2008. Lehman Brothers Finance S.A. ...............58,181 Sale............... .09/15/2008. ...............58,181 ....... ............................ ........................ ...........(58,181) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........2,705,698 .04/01/2009. ...........................1,461.3 .04/01/2008. Lehman Brothers Finance S.A. ...............70,619 Sale............... .09/15/2008. ...............70,619 ....... ............................ ........................ ...........(70,619) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,806,859 .05/01/2009. ...........................1,486.3 .05/01/2007. Lehman Brothers Finance S.A. .............313,407 Sale............... .09/15/2008. .............313,407 ....... ............................ ........................ ........(313,407) ........................ ........................ ........................
E19.10<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
S&P 500 Call Option.............................................. ........5,964,629 .06/08/2009. .........................1,507.67 .06/08/2007. Lehman Brothers Finance S.A. .............384,122 Sale............... .09/15/2008. .............384,122 ....... ............................ ........................ ........(384,122) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........4,424,154 .06/15/2009. .........................1,532.91 .06/15/2007. Lehman Brothers Finance S.A. .............311,460 Sale............... .09/15/2008. .............311,460 ....... ............................ ........................ ........(311,460) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......12,311,576 .08/01/2009. .........................1,465.81 .08/01/2007. Lehman Brothers Finance S.A. .............869,197 Sale............... .09/15/2008. .............869,197 ....... ............................ ........................ ........(869,197) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........9,164,451 .08/15/2009. ...........................1,406.7 .08/15/2007. Lehman Brothers Finance S.A. .............645,177 Sale............... .09/15/2008. .............645,177 ....... ............................ ........................ ........(645,177) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,413,877 .08/22/2009. .........................1,464.07 .08/22/2007. Lehman Brothers Finance S.A. .............724,806 Sale............... .09/15/2008. .............724,806 ....... ............................ ........................ ........(724,806) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........7,795,676 .09/01/2009. .........................1,489.42 .09/05/2007. Lehman Brothers Finance S.A. .............555,013 Sale............... .09/15/2008. .............555,013 ....... ............................ ........................ ........(555,013) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......12,661,993 .09/15/2009. .........................1,476.65 .09/17/2007. Lehman Brothers Finance S.A. .............886,340 Sale............... .09/15/2008. .............886,340 ....... ............................ ........................ ........(886,340) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ........5,276,342 .09/22/2009. .........................1,517.73 .09/24/2007. Lehman Brothers Finance S.A. .............324,495 Sale............... .09/15/2008. .............324,495 ....... ............................ ........................ ........(324,495) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......20,728,183 .02/01/2010. .........................1,395.42 .02/01/2008. Lehman Brothers Finance S.A. ..........1,409,516 Sale............... .09/15/2008. ..........1,409,516 ....... ............................ ........................ .....(1,409,516) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......10,815,240 .02/08/2010. .........................1,331.29 .02/08/2008. Lehman Brothers Finance S.A. .............725,703 Sale............... .09/15/2008. .............725,703 ....... ............................ ........................ ........(725,703) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,526,046 .02/22/2010. .........................1,353.11 .02/22/2008. Lehman Brothers Finance S.A. .............911,656 Sale............... .09/15/2008. .............911,656 ....... ............................ ........................ ........(911,656) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,142,147 .03/01/2010. .........................1,331.34 .03/03/2008. Lehman Brothers Finance S.A. .............902,865 Sale............... .09/15/2008. .............902,865 ....... ............................ ........................ ........(902,865) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......11,754,440 .03/08/2010. .........................1,273.37 .03/10/2008. Lehman Brothers Finance S.A. .............799,302 Sale............... .09/15/2008. .............799,302 ....... ............................ ........................ ........(799,302) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,935,406 .03/15/2010. ...........................1,276.6 .03/17/2008. Lehman Brothers Finance S.A. .............930,885 Sale............... .09/15/2008. .............930,885 ....... ............................ ........................ ........(930,885) ........................ ........................ ........................<br />
S&P 500 Call Option.............................................. ......13,547,047 .03/22/2010. .........................1,349.88 .03/24/2008. Lehman Brothers Finance S.A. .............937,456 Sale............... .09/15/2008. .............937,456 ....... ............................ ........................ ........(937,456) ........................ ........................ ........................<br />
0199999. Total - Call Options - Hedging ............................................................................................................................................................................... ......118,996,070 ......XXX......... .......XXX...... ......118,317,014 XXX ........20,888,919 .....................0 ...(97,428,094) .....................0 .....................0 .....................0<br />
0499999. Total - Call Options................................................................................................................................................................................................. ......118,996,070 ......XXX......... .......XXX...... ......118,317,014 XXX ........20,888,919 .....................0 ...(97,428,094) .....................0 .....................0 .....................0<br />
Caps - Other<br />
5-YEAR CMS.......................................................... ......50,000,000 .03/10/2008. ..................................8.5 .09/08/2003. Barclays Bank PLC......... .............310,000 Maturity......... .03/10/2008. .............310,000 ....... ............................ ........................ ........(310,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .03/11/2008. ..................................8.5 .09/09/2003. JP Morgan Chase & Co.. .............298,750 Maturity......... .03/11/2008. .............298,750 ....... ............................ ........................ ........(298,750) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .03/12/2008. ..................................8.5 .09/10/2003. JP Morgan Chase & Co.. .............291,250 Maturity......... .03/12/2008. .............291,250 ....... ............................ ........................ ........(291,250) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .03/15/2008. ..................................8.5 .09/11/2003. JP Morgan Chase & Co.. .............286,250 Maturity......... .03/15/2008. .............286,250 ....... ............................ ........................ ........(286,250) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .03/19/2008. ..................................8.5 .09/17/2003. Credit Suisse First Boston International .............267,500 Maturity......... .03/19/2008. .............267,500 ....... ............................ ........................ ........(267,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .04/30/2008. ..................................8.5 .10/28/2003. Rabobank International... .............285,000 Maturity......... .04/30/2008. .............285,000 ....... ............................ ........................ ........(285,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .05/17/2008. ..................................8.5 .11/13/2003. JP Morgan Chase & Co.. .............286,250 Maturity......... .05/17/2008. .............286,250 ....... ............................ ........................ ........(286,250) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .06/16/2008. ..................................8.5 .12/12/2003. Lehman Brothers Special Financing .............300,000 Inc. Maturity......... .06/16/2008. .............300,000 ....... ............................ ........................ ........(300,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .06/18/2008. ..................................8.5 .12/16/2003. Barclays Bank PLC......... .............280,000 Maturity......... .06/18/2008. .............280,000 ....... ............................ ........................ ........(280,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .07/16/2008. ..................................8.5 .01/14/2004. JP Morgan Chase & Co.. .............225,000 Maturity......... .07/16/2008. .............225,000 ....... ............................ ........................ ........(225,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .07/20/2008. ..................................8.5 .01/16/2004. Credit Suisse First Boston International .............222,500 Maturity......... .07/20/2008. .............222,500 ....... ............................ ........................ ........(222,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .07/26/2008. ..................................8.5 .01/22/2004. Morgan Stanley Capital Services .............235,000 Inc. Maturity......... .07/26/2008. .............235,000 ....... ............................ ........................ ........(235,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .07/27/2008. ..................................8.5 .01/23/2004. JP Morgan Chase & Co.. .............225,000 Maturity......... .07/27/2008. .............225,000 ....... ............................ ........................ ........(225,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .08/04/2008. ..................................8.5 .01/30/2004. JP Morgan Chase & Co.. .............223,750 Maturity......... .08/04/2008. .............223,750 ....... ............................ ........................ ........(223,750) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .08/17/2008. ..................................8.5 .02/12/2004. Morgan Stanley Capital Services .............227,500 Inc. Maturity......... .08/17/2008. .............227,500 ....... ............................ ........................ ........(227,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .08/17/2008. .....................................8. .02/12/2004. JP Morgan Chase & Co.. .............280,000 Maturity......... .08/17/2008. .............280,000 ....... ............................ ........................ ........(280,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .08/19/2008. ..................................8.5 .02/17/2004. Barclays Bank PLC......... .............220,000 Maturity......... .08/19/2008. .............220,000 ....... ............................ ........................ ........(220,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .08/20/2008. .....................................8. .02/18/2004. Morgan Stanley Capital Services .............275,000 Inc. Maturity......... .08/20/2008. .............275,000 ....... ............................ ........................ ........(275,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .09/02/2008. .....................................8. .02/27/2004. Wachovia Bank, NA........ .............265,000 Maturity......... .09/02/2008. .............265,000 ....... ............................ ........................ ........(265,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .09/02/2008. ..................................8.5 .02/27/2004. Rabobank International... .............210,000 Maturity......... .09/02/2008. .............210,000 ....... ............................ ........................ ........(210,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .09/03/2008. ..................................8.5 .03/01/2004. JP Morgan Chase & Co.. .............205,000 Maturity......... .09/03/2008. .............205,000 ....... ............................ ........................ ........(205,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ....100,000,000 .09/10/2008. ..................................8.5 .03/08/2004. JP Morgan Chase & Co.. .............350,000 Maturity......... .09/10/2008. .............350,000 ....... ............................ ........................ ........(350,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .09/12/2008. ..................................8.5 .03/10/2004. UBS AG........................... .............185,000 Maturity......... .09/12/2008. .............185,000 ....... ............................ ........................ ........(185,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .02/18/2010. .....................................7. .08/16/2005. Lehman Brothers Special Financing .............118,750 Inc. Sale............... .09/30/2008. .............118,750 ....... ............................ ........................ ........(118,750) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .11/07/2008. ..................................8.5 .05/05/2004. Morgan Stanley Capital Services .............240,000 Inc. Maturity......... .11/07/2008. .............240,000 ....... ............................ ........................ ........(240,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .11/19/2008. ..................................8.5 .05/17/2004. Goldman Sachs Capital Markets, .............232,500 L.P. Maturity......... .11/19/2008. .............232,500 ....... ............................ ........................ ........(232,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .11/20/2008. ..................................8.5 .05/18/2004. Goldman Sachs Capital Markets, .............232,500 L.P. Maturity......... .11/20/2008. .............232,500 ....... ............................ ........................ ........(232,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .11/25/2008. ..................................8.5 .05/21/2004. Goldman Sachs Capital Markets, .............232,500 L.P. Maturity......... .11/25/2008. .............232,500 ....... ............................ ........................ ........(232,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/01/2008. ..................................8.5 .05/27/2004. Goldman Sachs Capital Markets, .............232,500 L.P. Maturity......... .12/01/2008. .............232,500 ....... ............................ ........................ ........(232,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/01/2008. ..................................8.5 .05/27/2004. Merrill Lynch Capital Services .............232,500 Maturity......... .12/01/2008. .............232,500 ....... ............................ ........................ ........(232,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/07/2008. ..................................8.5 .06/03/2004. UBS AG........................... .............232,500 Maturity......... .12/07/2008. .............232,500 ....... ............................ ........................ ........(232,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/08/2008. ..................................8.5 .06/04/2004. Rabobank International... .............220,000 Maturity......... .12/08/2008. .............220,000 ....... ............................ ........................ ........(220,000) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/17/2008. ..................................8.5 .06/15/2004. Goldman Sachs Capital Markets, .............207,500 L.P. Maturity......... .12/17/2008. .............207,500 ....... ............................ ........................ ........(207,500) ........................ ........................ ........................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART A - SECTION 3<br />
Showing all Owned Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate 14 15 16<br />
Contracts Date of Strike Exercise, Other<br />
or Maturity, Price, Date Cost/ Expiration, Consideration Increase/ Used to Adjust Investment/<br />
Notional Expiry, or Rate or of Exchange or Option Maturity or Termination Book Received on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Index Acquisition Counterparty Premium Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/17/2008. ..................................8.5 .06/15/2004. UBS AG........................... .............202,500 Maturity......... .12/17/2008. .............202,500 ....... ............................ ........................ ........(202,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/18/2008. ..................................8.5 .06/16/2004. Credit Suisse First Boston International .............177,500 Maturity......... .12/18/2008. .............177,500 ....... ............................ ........................ ........(177,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/21/2008. ..................................8.5 .06/17/2004. Barclays Bank PLC......... .............177,500 Maturity......... .12/21/2008. .............177,500 ....... ............................ ........................ ........(177,500) ........................ ........................ ........................<br />
5-YEAR CMS.......................................................... ......50,000,000 .12/24/2008. ..................................8.5 .06/22/2004. Credit Suisse First Boston International .............160,000 Maturity......... .12/24/2008. .............160,000 ....... ............................ ........................ ........(160,000) ........................ ........................ ........................<br />
1199999. Total - Caps - Other ............................................................................................................................................................................................... ..........8,852,500 ......XXX......... .......XXX...... ..........8,852,500 XXX .........................0 .....................0 .....(8,852,500) .....................0 .....................0 .....................0<br />
1299999. Total - Caps............................................................................................................................................................................................................ ..........8,852,500 ......XXX......... .......XXX...... ..........8,852,500 XXX .........................0 .....................0 .....(8,852,500) .....................0 .....................0 .....................0<br />
2599999. Total - Hedging ...................................................................................................................................................................................................... ......118,996,070 ......XXX......... .......XXX...... ......118,317,014 XXX ........20,888,919 .....................0 ...(97,428,094) .....................0 .....................0 .....................0<br />
2799999. Total - Other ........................................................................................................................................................................................................... ..........8,852,500 ......XXX......... .......XXX...... ..........8,852,500 XXX .........................0 .....................0 .....(8,852,500) .....................0 .....................0 .....................0<br />
9999999. Totals...................................................................................................................................................................................................................... ......127,848,570 ......XXX......... .......XXX...... ......127,169,514 XXX ........20,888,919 .....................0 .(106,280,594) .....................0 .....................0 .....................0<br />
E19.11<br />
SCHEDULE DB - PART B - SECTION 1<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Written and In-Force December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14<br />
Number of Date of Strike Date Other<br />
Contracts or Maturity, Price, of Increase/ Investment/<br />
Notional Expiry, or Rate or Issuance/ Exchange or Consideration Book Statement Fair (Decrease) Used to Miscellaneous<br />
Description Amount Settlement Index Purchase Counterparty Received Value * Value Value by Adjustment Adjust Basis Income<br />
Call Options - Hedging<br />
S&P 500 Call Option......................................................... ..........3,006,822 .09/01/2009. ....................................1,489.42 .09/05/2007. JP Morgan Chase Bank N.A... ..................223,708 ..................223,708 ....... ................................. ................................. .............................. .............................. ..............................<br />
0199999. Total - Call Options - Hedging .......................................................................................................................................................... ................................................. ..................223,708 ..................223,708 XXX .............................0 .............................0 ...........................0 ...........................0 ...........................0<br />
0499999. Total - Call Options............................................................................................................................................................................ ................................................. ..................223,708 ..................223,708 XXX .............................0 .............................0 ...........................0 ...........................0 ...........................0<br />
2599999. Total - Hedging ................................................................................................................................................................................. ................................................. ..................223,708 ..................223,708 XXX .............................0 .............................0 ...........................0 ...........................0 ...........................0<br />
9999999. Totals.................................................................................................................................................................................................. ................................................. ..................223,708 ..................223,708 XXX .............................0 .............................0 ...........................0 ...........................0 ...........................0
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART B - SECTION 2<br />
Showing all Options, Caps, Floors and <strong>Insurance</strong> Futures Options Written During Current Year<br />
1 2 3 4 5 6 7<br />
Number of Contracts Date of Maturity, Date of<br />
or Notional Expiry, or Strike Price, Issuance/ Exchange or Consideration<br />
Description Amount Settlement Rate or Index Purchase Counterparty Received<br />
E20<br />
SCHEDULE DB - PART B - SECTION 3<br />
Showing all Written Options, Caps, Floors and <strong>Insurance</strong> Futures Options Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Number of Indicate Exercise, 14 15 16<br />
Contracts Date of Strike Expiration, Maturity Other<br />
or Maturity, Price, Date of or Closing Consideration Increase Used Investment/<br />
Notional Expiry, or Rate or Issuance/ Exchange or Consideration Purchase Termination Book Paid on (Decrease) by to Adjust Miscellaneous<br />
Description Amount Settlement Index Purchase Counterparty Received Transaction Date Value * Terminations Adjustment Recognized Basis Deferred Income
E21<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART C - SECTION 1<br />
Showing all Collar, Swap and Forwards Open December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15<br />
Date of Strike Date of Used to Other<br />
Maturity, Price, Opening Cost or Increase Adjust Basis Investment/<br />
Notional Expiry, or Rate or Position or Exchange or (Consideration Book Statement Fair (Decrease) by of Hedged Miscellaneous Potential<br />
Description Amount Settlement Index Rec (Pay) Agreement Counterparty Received) Value * Value Value Adjustment Item Income Exposure<br />
Swaps - Hedging<br />
INTEREST RATE SWAP - JP COMM................. ..............555,554 .10/07/2009. 6.78%/(3M LIBOR).................. .10/07/1996. Bank of America, NA............. .............................. .............................. ....... .............................. ..................18,848 ............................ ............................ ................26,195 ..................2,433<br />
INTEREST RATE SWAP - JP COMM................. ...........1,388,888 .10/07/2009. 6.78%/(3M LIBOR).................. .10/07/1996. Bank of America, NA............. .............................. .............................. ....... .............................. ..................47,121 ............................ ............................ ................65,486 ..................6,082<br />
INTEREST RATE SWAP - JP COMM................. ...........1,388,888 .10/07/2009. 6.78/(3M LIBOR)..................... .10/07/1996. Bank of America, NA............. .............................. .............................. ....... .............................. ..................47,121 ............................ ............................ ................65,486 ..................6,082<br />
INTEREST RATE SWAP - IIG L.......................... .........10,000,000 .02/16/2009. 6.043%/(6M LIBOR)............... .08/17/1998. Deutsche Bank AG................ .............................. .............................. ....... .............................. ...............145,479 ............................ ............................ ..............178,940 ................17,942<br />
INTEREST RATE SWAP - IIG B......................... .........10,000,000 .01/15/2009. 6.039%/(6M LIBOR)............... .08/17/1998. Deutsche Bank AG................ .............................. .............................. ....... .............................. ...............142,396 ............................ ............................ ..............122,104 ................10,136<br />
INTEREST RATE SWAP - IIG L.......................... .........10,000,000 .02/18/2009. 5.935%/(6M LIBOR)............... .08/28/1998. Deutsche Bank AG................ .............................. .............................. ....... .............................. ...............137,995 ............................ ............................ ..............167,489 ................18,320<br />
INTEREST RATE SWAP - IIG A......................... .........10,000,000 .11/12/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............524,170 ............................ ............................ ..............297,621 ................46,523<br />
INTEREST RATE SWAP - IIG I........................... ...........7,800,000 .09/24/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............359,492 ............................ ............................ ..............232,791 ................33,356<br />
INTEREST RATE SWAP - HYDRO QUEBEC.... ...........5,000,000 .09/17/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............239,336 ............................ ............................ ..............133,301 ................21,100<br />
INTEREST RATE SWAP - IIG M......................... ...........7,000,000 .12/17/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............392,004 ............................ ............................ ..............190,523 ................34,322<br />
INTEREST RATE SWAP - IIG H-1...................... ...........5,000,000 .11/18/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............261,134 ............................ ............................ ..............144,732 ................23,481<br />
INTEREST RATE SWAP - IIG H......................... .........14,550,000 .06/29/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............358,953 ............................ ............................ ..............413,625 ................51,088<br />
INTEREST RATE SWAP - IIG E......................... ...........7,000,000 .08/28/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............319,411 ............................ ............................ ..............178,005 ................28,381<br />
INTEREST RATE SWAP - IIG F.......................... ...........5,000,000 .12/15/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............276,895 ............................ ............................ ..............138,394 ................24,446<br />
INTEREST RATE SWAP - IIG K......................... .........11,000,000 .07/20/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............483,335 ............................ ............................ ..............240,181 ................40,814<br />
INTEREST RATE SWAP - IIG C......................... .........13,000,000 .08/26/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............594,028 ............................ ............................ ..............329,017 ................52,487<br />
INTEREST RATE SWAP - IIG G......................... .........10,000,000 .08/28/2009. 6.831%/(3M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............563,754 ............................ ............................ ..............336,777 ................40,544<br />
INTEREST RATE SWAP - IIG L.......................... ...........9,000,000 .08/18/2009. 6.831%/(6M LIBOR)............... .06/28/1999. Bank of America, NA............. .............................. .............................. ....... .............................. ...............406,694 ............................ ............................ ..............230,932 ................35,722<br />
INTEREST RATE SWAP - BANQUE DE PARIS .........10,000,000 .02/20/2013. 4.335%/(6M LIBOR)............... .02/18/2003. Bank of America, NA............. .............................. .............................. ....... .............................. ...............966,548 ............................ ............................ ................39,153 ..............101,765<br />
INTEREST RATE SWAP - MIDLAND................. .........10,000,000 .02/20/2013. 4.335%/(6M LIBOR)............... .02/18/2003. Bank of America, NA............. .............................. .............................. ....... .............................. ............1,006,957 ............................ ............................ ................34,835 ..............101,765<br />
INTEREST RATE SWAP - LLOYDS 2................ .........12,000,000 .02/20/2013. 4.335%/(3M LIBOR)............... .02/18/2003. Bank of America, NA............. .............................. .............................. ....... .............................. ............1,124,808 ............................ ............................ ..............103,999 ..............122,118<br />
INTEREST RATE SWAP - WESTMINSTER....... ...........9,000,000 .02/18/2013. 4.335%/(6M LIBOR)............... .02/18/2003. Bank of America, NA............. .............................. .............................. ....... .............................. ...............943,288 ............................ ............................ ...............(28,065) ................91,528<br />
INTEREST RATE SWAP - WYETH.................... ...........8,000,000 .07/15/2009. 3.629%/(6M LIBOR-50bp)...... .07/23/2004. JP Morgan Chase & Co........ .............................. .............................. ....... .............................. ...............134,554 ............................ ............................ ...............(53,219) ................29,312<br />
INTEREST RATE SWAP - IIG D......................... ...........1,000,000 .07/27/2011. 4.542%/(3M LIBOR)............... .07/23/2004. JP Morgan Chase & Co........ .............................. .............................. ....... .............................. ..................84,888 ............................ ............................ ................10,142 ..................8,015<br />
INTEREST RATE SWAP - IIG F,L,M................... .........23,000,000 .07/27/2011. 4.539%/(6M LIBOR)............... .07/23/2004. JP Morgan Chase & Co........ .............................. .............................. ....... .............................. ............1,925,452 ............................ ............................ ................42,954 ..............184,354<br />
INTEREST RATE SWAP - TWO-ROCK............. .........10,000,000 .02/11/2010. 4.01%/(3M LIBOR).................. .02/09/2005. Wachovia Bank, NA.............. .............................. .............................. ....... .............................. ...............313,656 ............................ ............................ ................56,674 ................52,798<br />
INTEREST RATE SWAP - VITA.......................... .........14,000,000 .01/04/2010. 4.2525%/(3M LIBOR)............. .05/19/2005. Bank of America, NA............. .............................. .............................. ....... .............................. ...............429,211 ............................ ............................ ................45,343 ................70,383<br />
INTEREST RATE SWAP - ALFA......................... .........12,150,000 .03/29/2011. 5.124%/(3M LIBOR)............... .03/27/2006. Merrill Lynch Capital Services .............................. .............................. ....... .............................. ...............560,742 ............................ ............................ ..............234,968 ................90,945<br />
INTEREST RATE SWAP - MS ACES................. .........25,000,000 .09/20/2013. 6.575%/(3M LIBOR+103bp)... .05/18/2006. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... .............................. ............4,311,558 ............................ ............................ ..............530,550 ..............271,664<br />
INTEREST RATE SWAP- ALFA.......................... ...........2,250,000 .03/29/2011. 5.522%/(3M LIBOR)............... .07/19/2006. Merrill Lynch Capital Services .............................. .............................. ....... .............................. ...............114,913 ............................ ............................ ................54,925 ................16,842<br />
INTEREST RATE SWAP - CENTRICA............... .........65,000,000 .10/04/2026. 6.148%/(6M LIBOR+88.5bp).. .09/22/2006. Deutsche Bank AG................ .............................. .............................. ....... .............................. ..........23,434,404 ............................ ............................ ..............832,738 ...........1,370,015<br />
INTEREST RATE SWAP - IIG A-1...................... ...........6,000,000 .12/03/2017. 4.575%/(3M LIBOR)............... .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,006,861 ............................ ............................ ................65,909 ................89,643<br />
INTEREST RATE SWAP - IIG C-1B.................... ...........7,000,000 .12/03/2017. 4.5875%/(6M LIBOR)............. .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,244,961 ............................ ............................ ................42,752 ..............104,584<br />
INTEREST RATE SWAP - IIG D-1...................... ...........6,350,000 .12/03/2017. 4.575%/(3M LIBOR)............... .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,065,594 ............................ ............................ ................69,753 ................94,872<br />
INTEREST RATE SWAP - IIG E-1...................... ...........1,000,000 .12/03/2017. 4.5875%/(6M LIBOR)............. .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ...............177,852 ............................ ............................ ..................6,107 ................14,941<br />
INTEREST RATE SWAP - IIG G-1...................... .........10,000,000 .12/03/2017. 4.5875%/(6M LIBOR)............. .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,778,516 ............................ ............................ ................61,074 ..............149,405<br />
INTEREST RATE SWAP - IIG F-1...................... ...........5,000,000 .12/03/2017. 4.575%/(3M LIBOR)............... .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ...............839,051 ............................ ............................ ................54,924 ................74,703<br />
INTEREST RATE SWAP - IIG H-1...................... ...........3,500,000 .12/03/2017. 4.5875%/(6M LIBOR)............. .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ...............622,481 ............................ ............................ ................21,376 ................52,292<br />
INTEREST RATE SWAP - IIG I-1A/1B................ .........15,000,000 .12/03/2017. 4.575%/(3M LIBOR)............... .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............2,517,151 ............................ ............................ ..............164,772 ..............224,108<br />
INTEREST RATE SWAP - IIG J-1....................... .........10,000,000 .12/03/2017. 4.575%/(3M LIBOR)............... .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,678,101 ............................ ............................ ..............109,848 ..............149,405<br />
INTEREST RATE SWAP - IIG L-1....................... .........10,000,000 .12/03/2017. 4.575%/(3M LIBOR)............... .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,678,101 ............................ ............................ ..............109,848 ..............149,405<br />
INTEREST RATE SWAP - IIG M-1...................... .........23,500,000 .12/03/2017. 4.5875%/(6M LIBOR)............. .11/29/2007. Rabobank International......... .............................. .............................. ....... .............................. ............4,179,513 ............................ ............................ ..............143,524 ..............351,102<br />
INTEREST RATE SWAP - IIG C......................... ...........7,280,000 .12/04/2017. 4.628%/(6M LIBOR)............... .11/30/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,319,549 ............................ ............................ ................48,012 ..............108,784<br />
INTEREST RATE SWAP - IIG K......................... ...........7,000,000 .12/04/2017. 4.628%/(6M LIBOR)............... .11/30/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,268,797 ............................ ............................ ................46,165 ..............104,600<br />
INTEREST RATE SWAP - IIG N......................... ...........5,000,000 .12/04/2017. 4.628%/(6M LIBOR)............... .11/30/2007. Rabobank International......... .............................. .............................. ....... .............................. ...............906,284 ............................ ............................ ................32,975 ................74,714<br />
INTEREST RATE SWAP - IIG O......................... ...........5,000,000 .12/04/2017. 4.628%/(6M LIBOR)............... .11/30/2007. Rabobank International......... .............................. .............................. ....... .............................. ...............906,284 ............................ ............................ ................32,975 ................74,714<br />
INTEREST RATE SWAP - IIG P......................... ...........7,000,000 .12/04/2017. 4.628%/(6M LIBOR)............... .11/30/2007. Rabobank International......... .............................. .............................. ....... .............................. ............1,268,797 ............................ ............................ ................46,165 ..............104,600<br />
INTEREST RATE SWAP - CITIBANK................. .........17,000,000 .06/15/1937. 4.8625%/(3M LIBOR)............. .05/13/2008. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... .............................. ............7,078,726 ............................ ............................ ..............200,487 ..............453,569<br />
CROSS CURRENCY SWAP - PIPELINE........... .........26,000,000 .10/28/2014. USD 5.43%/(CAD 6.10%)....... .10/01/2004. Deutsche Bank AG................ .............................. .............................. ....... ..............(663,426) ...........(3,323,588) ............................ ............................ .............(355,956) ..............313,820<br />
CROSS CURRENCY SWAP - FLETCHER........ .........30,000,000 .10/27/2015. USD 5.10%/(6M NZD-BBR-BKBM+71bp) .08/25/2005. Citibank, NA........................... .............................. .............................. ....... ............4,828,329 ............8,919,521 ............................ ............................ ..........(1,230,356) ..............391,861<br />
CROSS CURRENCY SWAP - LORD CORP...... .........21,000,000 .07/12/2016. USD 6.22%/(EUR 4.7625%).. .06/14/2006. HSBC Bank USA, N.A........... .............................. .............................. ....... ...........(2,140,229) ...............881,759 ............................ ............................ ................89,194 ..............288,210<br />
CROSS CURRENCY SWAP - MT....................... ...........8,903,134 .06/30/2016. USD 6.34%/(CAD 5.60%)....... .06/16/2006. JP Morgan Chase & Co........ .............................. .............................. ....... ...............802,688 ...............931,132 ............................ ............................ ................58,746 ..............121,922
E21.1<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART C - SECTION 1<br />
Showing all Collar, Swap and Forwards Open December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15<br />
Date of Strike Date of Used to Other<br />
Maturity, Price, Opening Cost or Increase Adjust Basis Investment/<br />
Notional Expiry, or Rate or Position or Exchange or (Consideration Book Statement Fair (Decrease) by of Hedged Miscellaneous Potential<br />
Description Amount Settlement Index Rec (Pay) Agreement Counterparty Received) Value * Value Value Adjustment Item Income Exposure<br />
CROSS CURRENCY SWAP - ENECO............... .........24,956,500 .03/28/2014. USD 5.50%/(EUR 4.62%)....... .02/20/2007. Barclays Bank PLC............... .............................. .............................. ....... ...........(1,454,765) ...............245,591 ............................ ............................ ................47,423 ..............285,670<br />
CROSS CURRENCY SWAP - ENECO............... .........24,956,500 .03/28/2017. USD 5.60%/(EUR 4.72%)....... .02/20/2007. Barclays Bank PLC............... .............................. .............................. ....... ...........(1,454,765) ............1,509,953 ............................ ............................ ................43,696 ..............358,277<br />
CROSS CURRENCY SWAP - ENECO............... .........19,702,500 .03/28/2022. USD 5.80%/(EUR 4.905%)..... .02/20/2007. Barclays Bank PLC............... .............................. .............................. ....... ...........(1,148,499) ............2,790,973 ............................ ............................ ................32,010 ..............358,545<br />
CROSS CURRENCY SWAP - ROHM & HAAS.. .........26,380,000 .03/10/2014. USD 5.38%/(EUR 4.50%)....... .02/28/2007. Barclays Bank PLC............... .............................. .............................. ....... ...........(1,421,332) ...............382,592 ............................ ............................ ................88,994 ..............300,540<br />
CROSS CURRENCY SWAP - DAIRY CREST... .........30,044,800 .04/04/2014. USD 5.60%/(EUR 4.735%)..... .03/08/2007. Royal Bank of Scotland......... .............................. .............................. ....... ...........(1,787,725) ...............229,329 ............................ ............................ ................86,824 ..............344,543<br />
CROSS CURRENCY SWAP - APT..................... .........30,000,000 .05/15/2019. USD 6.04%/(AUD 7.40%)....... .03/29/2007. Citibank, NA........................... .............................. .............................. ....... ............4,075,203 ............5,635,309 ............................ ............................ .............(380,358) ..............483,162<br />
CROSS CURRENCY SWAP - SURTECO.......... .........13,510,000 .08/16/2014. USD 6.30%/(EUR 5.4925%).. .06/29/2007. Royal Bank of Scotland......... .............................. .............................. ....... ..............(390,666) ...............573,346 ............................ ............................ ................30,134 ..............160,243<br />
CROSS CURRENCY SWAP - SURTECO.......... .........24,318,000 .08/16/2019. USD 6.56%/(EUR 5.7025%).. .06/29/2007. Royal Bank of Scotland......... .............................. .............................. ....... ..............(703,199) ............3,245,073 ............................ ............................ ................60,965 ..............396,431<br />
CROSS CURRENCY SWAP - PENNON............ .........61,050,000 .07/13/2022. USD 6.76%/(GBP 6%)............ .10/16/2007. Deutsche Bank AG................ .............................. .............................. ....... ..........17,917,425 ..........32,397,989 ............................ ............................ ..............404,223 ...........1,123,209<br />
CROSS CURRENCY SWAP - CHEMRING........ .........25,643,750 .11/12/2017. USD 6.33%/(GBP 6.81%)....... .10/19/2007. Merrill Lynch Capital Services .............................. .............................. ....... ............7,671,844 ............9,994,113 ............................ ............................ ..............135,446 ..............381,895<br />
0599999. Total - Swaps - Hedging ...................................................................................................................................................................................................... ...........................0 ...........................0 XXX ..........24,130,883 ........134,618,856 .........................0 .........................0 ...........5,764,247 .........10,688,532<br />
Swaps - Other<br />
BASKET OF CREDITS........................................ .........10,000,000 .03/20/2010. Rec 110 bps/........................... .01/25/2005. Bank of America, NA............. .............................. .............................. ....... ..............(540,093) ..............(540,093) ............................ ............................ ..............112,475 ................55,146<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... (Pay Physical Net.................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event)...................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........10,000,000 .06/20/2010. Rec 131 bps/........................... .05/18/2005. ABN Amro Bank N.V............. .............................. .............................. ....... ..............(290,028) ..............(290,028) ............................ ............................ ..............133,184 ................60,591<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... (Pay Physical Net.................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event)...................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........10,000,000 .12/20/2012. Rec 75.5 bps/.......................... .10/25/2007. UBS AG................................. .............................. .............................. ....... ..............(290,000) ..............(290,000) ............................ ............................ ................76,758 ................99,657<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........10,000,000 .12/20/2012. Rec 56 bps/............................. .10/25/2007. UBS AG................................. .............................. .............................. ....... ..............(430,000) ..............(430,000) ............................ ............................ ................56,933 ................99,657<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........10,000,000 .12/20/2012. Rec 31 bps/............................. .10/25/2007. Goldman Sachs Capital Markets, .............................. L.P.<br />
.............................. ....... ..............(292,244) ..............(292,244) ............................ ............................ ................31,517 ................99,657<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........10,000,000 .12/20/2012. Rec 61.5 bps/.......................... .10/25/2007. Goldman Sachs Capital Markets, .............................. L.P.<br />
.............................. ....... ..............(593,010) ..............(593,010) ............................ ............................ ................62,525 ................99,657<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........22,475,000 .03/20/2017. Rec 200 bps/........................... .04/10/2008. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... .........(13,735,769) .........(13,735,769) ............................ ............................ ..............329,633 ..............322,223<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................
E21.2<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART C - SECTION 1<br />
Showing all Collar, Swap and Forwards Open December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15<br />
Date of Strike Date of Used to Other<br />
Maturity, Price, Opening Cost or Increase Adjust Basis Investment/<br />
Notional Expiry, or Rate or Position or Exchange or (Consideration Book Statement Fair (Decrease) by of Hedged Miscellaneous Potential<br />
Description Amount Settlement Index Rec (Pay) Agreement Counterparty Received) Value * Value Value Adjustment Item Income Exposure<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........14,500,000 .03/20/2017. Rec 21 bps/............................. .10/14/2008. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... .........(10,502,500) .........(10,502,500) ............................ ............................ ..................6,513 ..............207,886<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........18,000,000 .03/20/2017. Rec 22 bps/............................. .10/14/2008. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... ...........(7,657,851) ...........(7,657,851) ............................ ............................ ..................8,470 ..............258,065<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........17,500,000 .03/20/2017. Rec 31 bps/............................. .10/14/2008. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... .........(10,727,699) .........(10,727,699) ............................ ............................ ................11,604 ..............250,897<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... ................................................. ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
BASKET OF CREDITS........................................ .........17,000,000 .03/20/2017. Rec 43 bps/............................. .10/14/2008. Morgan Stanley Capital Services .............................. Inc.<br />
.............................. ....... ...........(5,675,420) ...........(5,675,420) ............................ ............................ ................15,635 ..............243,726<br />
CREDIT DEFAULT SWAP (Short)...................... ............................ ..................... Pay Physical Net..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Settlement upon...................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Qualifiying Credit..................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
.............................................................................. ............................ ..................... Event....................................... ..................... ............................................... .............................. .............................. ....... .............................. .............................. ............................ ............................ ............................ ............................<br />
0799999. Total - Swaps - Other ........................................................................................................................................................................................................... ...........................0 ...........................0 XXX .........(50,734,614) .........(50,734,614) .........................0 .........................0 ..............845,247 ...........1,797,162<br />
0899999. Total - Swaps........................................................................................................................................................................................................................ ...........................0 ...........................0 XXX .........(26,603,731) ..........83,884,242 .........................0 .........................0 ...........6,609,494 .........12,485,694<br />
2599999. Total - Hedging .................................................................................................................................................................................................................... ...........................0 ...........................0 XXX ..........24,130,883 ........134,618,856 .........................0 .........................0 ...........5,764,247 .........10,688,532<br />
2799999. Total - Other ......................................................................................................................................................................................................................... ...........................0 ...........................0 XXX .........(50,734,614) .........(50,734,614) .........................0 .........................0 ..............845,247 ...........1,797,162<br />
9999999. Totals..................................................................................................................................................................................................................................... ...........................0 ...........................0 XXX .........(26,603,731) ..........83,884,242 .........................0 .........................0 ...........6,609,494 .........12,485,694<br />
SCHEDULE DB - PART C - SECTION 2<br />
Showing all Collar, Swap and Forwards Opened During Current Year<br />
1 2 3 4 5 6 7<br />
Date of Maturity,<br />
Date of Opening<br />
Notional Expiry, or Strike Price, Position Exchange or Cost or (Consideration<br />
Description Amount Settlement Rate or Index Rec (Pay) or Agreement Counterparty Received)<br />
Swaps - Hedging<br />
INTEREST RATE SWAP - CITIBANK.................................................... ................................................17,000,000 .....................06/15/1937........................ 4.8625%/(3M LIBOR)................................ .....................05/13/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................40,000,000 .....................02/21/2016........................ 3M LIBOR/(4.497%).................................. .....................02/19/2008........................ Rabobank International..................................... ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................40,000,000 .....................12/31/2015........................ 4.14%/(3M LIBOR).................................... .....................03/11/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................50,000,000 .....................02/15/2016........................ 4.21%/(3M LIBOR).................................... .....................04/18/2008........................ Rabobank International..................................... ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................50,000,000 .....................06/30/2016........................ 4.27%/(3M LIBOR).................................... .....................05/21/2008........................ Credit Suisse First Boston................................. ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................50,000,000 .....................03/20/2018........................ 4.86%/(3M LIBOR).................................... .....................06/20/2008........................ Credit Suisse First Boston................................. ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................25,000,000 .....................03/08/2015........................ 4.65%/(3M LIBOR).................................... .....................07/11/2008........................ Rabobank International..................................... ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................50,000,000 .....................04/25/2018........................ 4.884%/(3M LIBOR).................................. .....................07/23/2008........................ Rabobank International..................................... ...........................................................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE.................................. ................................................60,000,000 .....................02/15/2018........................ 4.345%/(3M LIBOR).................................. .....................09/12/2008........................ Rabobank International..................................... ...........................................................<br />
0599999. Total - Swaps - Hedging ............................................................................................................................................................................................... .................................................................................................................................................................................................................... ........................................................0
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART C - SECTION 2<br />
Showing all Collar, Swap and Forwards Opened During Current Year<br />
1 2 3 4 5 6 7<br />
E21.3<br />
Date of Maturity,<br />
Date of Opening<br />
Notional Expiry, or Strike Price, Position Exchange or Cost or (Consideration<br />
Description Amount Settlement Rate or Index Rec (Pay) or Agreement Counterparty Received)<br />
Swaps - Other<br />
BASKET OF CREDITS........................................................................... ................................................22,475,000 .....................03/20/2017........................ Rec 200 bps/.............................................. .....................04/10/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
CREDIT DEFAULT SWAP (Short)......................................................... ................................................................... ................................................................ Pay Physical Net........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Settlement upon........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Qualifiying Credit....................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Event.......................................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ ................................................................... ................................................................ ............................................................................ ...........................................................<br />
BASKET OF CREDITS........................................................................... ................................................11,000,000 .....................09/20/2013........................ Rec 205 bps/.............................................. .....................08/22/2008........................ Lehman Brothers Holdings................................ ...........................................................<br />
CREDIT DEFAULT SWAP (Short)......................................................... ................................................................... ................................................................ Pay Physical Net........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Settlement upon........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Qualifiying Credit....................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Event.......................................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ ................................................................... ................................................................ ............................................................................ ...........................................................<br />
BASKET OF CREDITS........................................................................... ................................................14,500,000 .....................03/20/2017........................ Rec 21 bps/................................................ .....................10/14/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
CREDIT DEFAULT SWAP (Short)......................................................... ................................................................... ................................................................ Pay Physical Net........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Settlement upon........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Qualifiying Credit....................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Event.......................................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ ................................................................... ................................................................ ............................................................................ ...........................................................<br />
BASKET OF CREDITS........................................................................... ................................................18,000,000 .....................03/20/2017........................ Rec 22 bps/................................................ .....................10/14/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
CREDIT DEFAULT SWAP (Short)......................................................... ................................................................... ................................................................ Pay Physical Net........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Settlement upon........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Qualifiying Credit....................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Event.......................................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ ................................................................... ................................................................ ............................................................................ ...........................................................<br />
BASKET OF CREDITS........................................................................... ................................................17,500,000 .....................03/20/2017........................ Rec 31 bps/................................................ .....................10/14/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
CREDIT DEFAULT SWAP (Short)......................................................... ................................................................... ................................................................ Pay Physical Net........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Settlement upon........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Qualifiying Credit....................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Event.......................................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ ................................................................... ................................................................ ............................................................................ ...........................................................<br />
BASKET OF CREDITS........................................................................... ................................................17,000,000 .....................03/20/2017........................ Rec 43 bps/................................................ .....................10/14/2008........................ Morgan Stanley Capital Services Inc................ ...........................................................<br />
CREDIT DEFAULT SWAP (Short)......................................................... ................................................................... ................................................................ Pay Physical Net........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Settlement upon........................................ ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Qualifiying Credit....................................... ................................................................ ............................................................................ ...........................................................<br />
................................................................................................................. ................................................................... ................................................................ Event.......................................................... ................................................................ ............................................................................ ...........................................................<br />
0799999. Total - Swaps - Other .................................................................................................................................................................................................... .................................................................................................................................................................................................................... ........................................................0<br />
0899999. Total - Swaps................................................................................................................................................................................................................. .................................................................................................................................................................................................................... ........................................................0<br />
2599999. Total - Hedging ............................................................................................................................................................................................................. .................................................................................................................................................................................................................... ........................................................0<br />
2799999. Total - Other .................................................................................................................................................................................................................. .................................................................................................................................................................................................................... ........................................................0<br />
9999999. Totals.............................................................................................................................................................................................................................. .................................................................................................................................................................................................................... ........................................................0
E22<br />
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART C - SECTION 3<br />
Showing all Collar, Swap and Forwards Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 11 12 13 Gain/(Loss) on Termination 17<br />
Date of Indicate 14 15 16<br />
Date of Strike Opening Exercise, Consideration Other<br />
Maturity, Price, Position Cost or Expiration, Received or Increase Used to Adjust Investment/<br />
Notional Expiry, or Rate or Index or Exchange or (Consideration Maturity Termination Book (Paid) on (Decrease) by Basis of Miscellaneous<br />
Description Amount Settlement Rec (Pay) Agreement Counterparty Received) or Sale Date Value * Terminations Adjustment Recognized Hedged Item Deferred Income<br />
Swaps - Hedging<br />
INTEREST RATE SWAP -ALFA BANK.............. ..............5,400,000 .03/29/2011. 5.124%/(3M LIBOR)........ .03/27/2006. Merrill Lynch Capital Services .......................... Expiration.......... 03/29/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
INTEREST RATE SWAP -ALFA BANK.............. ..............1,000,000 .03/29/2011. 5.522%/(3M LIBOR)........ .07/19/2006. Merrill Lynch Capital Services .......................... Expiration.......... 03/29/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
INTEREST RATE SWAP - JP COMM................. .................555,556 .10/07/2009. 6.78%/(3M LIBOR).......... .10/07/1996. Bank of America, NA....... .......................... Expiration.......... 04/07/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
INTEREST RATE SWAP - JP COMM................. ..............1,388,888 .10/07/2009. 6.78%/(3M LIBOR).......... .10/07/1996. Bank of America, NA....... .......................... Expiration.......... 04/07/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
INTEREST RATE SWAP - JP COMM................. ..............1,388,888 .10/07/2009. 6.78/(3M LIBOR)............. .10/07/1996. Bank of America, NA....... .......................... Expiration.......... 04/07/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
INTEREST RATE SWAP ON FLOAT BOND...... ..............5,000,000 .01/02/2008. 4.081/(3M LIBOR)........... .05/19/2005. Bank of America, NA....... .......................... Maturity............. 01/02/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ...........(15,983)<br />
INTEREST RATE SWAP - BECHTEL................. ............30,000,000 .04/11/2008. 4.5175%/(3M LIBOR+130bp) .04/10/2003. JP Morgan Chase & Co.. .......................... Maturity............. 04/11/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........(259,919)<br />
INTEREST RATE SWAP - WOODBOURNE...... ............20,000,000 .04/08/2008. 4.30%/(1M LIBOR).......... .04/01/2005. Lehman Brothers Special Financing .......................... Inc. Maturity............. 04/08/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ............15,416<br />
INTEREST RATE SWAP - LLOYDS PLC........... ............10,000,000 .05/04/2008. 7.9%/(3M LIBOR+18.75bps) .04/29/1998. Bank of America, NA....... ...........942,292 Maturity............. 05/04/2008.. ......................... ....... .......................... ...........(33,218) ........................ ........................ ........................ ..........146,751<br />
INTEREST RATE SWAP -FA.............................. .........300,000,000 .06/01/2008. 3M LIBOR/(4.208)........... .04/19/2005. Merrill Lynch Capital Services .......................... Maturity............. 06/01/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........(262,684)<br />
INTEREST RATE SWAP - IIG D,G..................... ............20,000,000 .08/29/2008. 6.025%/(3M LIBOR)........ .08/14/1998. Deutsche Bank AG.......... .......................... Maturity............. 08/29/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........654,863<br />
INTEREST RATE SWAP - IIG I........................... ............13,000,000 .09/15/2008. 6.021%/(6M LIBOR)........ .08/17/1998. Deutsche Bank AG.......... .......................... Maturity............. 09/15/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........238,884<br />
INTEREST RATE SWAP - MBNA....................... ............12,000,000 .05/15/2012. 6.83%/(1M LIBOR+135bp).06/05/2002. Lehman Brothers Special Financing .......................... Inc. Sale................... 09/30/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........177,822<br />
INTEREST RATE SWAP - CHICAGO BRIDGE. ............45,000,000 .10/09/2012. 5.038%/(3M LIBOR)........ .11/02/2006. Lehman Brothers Special Financing .......................... Inc. Sale................... 09/30/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........(294,566)<br />
INTEREST RATE SWAP - IIG J.......................... ..............6,000,000 .10/15/2008. 6.025%/(6M LIBOR)........ .08/17/1998. Deutsche Bank AG.......... .......................... Maturity............. 10/15/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........120,054<br />
INTEREST RATE SWAP - IIG N, 1A................... ............10,000,000 .11/17/2008. 6.032%/(6M LIBOR)........ .08/17/1998. Deutsche Bank AG.......... .......................... Maturity............. 11/17/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........220,957<br />
INTEREST RATE SWAP - IIG A......................... ..............5,000,000 .11/17/2008. 6.032%/(6M LIBOR)........ .08/17/1998. Deutsche Bank AG.......... .......................... Maturity............. 11/17/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........110,478<br />
INTEREST RATE SWAP - IIG F.......................... ............10,000,000 .12/15/2008. 6.035%/(6M LIBOR)........ .08/14/1998. Deutsche Bank AG.......... .......................... Maturity............. 12/15/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ..........197,630<br />
INTEREST RATE SWAP - IIG M......................... ..............5,000,000 .12/15/2008. 6.034%/(6M LIBOR)........ .08/17/1998. Deutsche Bank AG.......... .......................... Maturity............. 12/15/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ............98,765<br />
INTEREST RATE SWAP - TWIN REEFS........... ..............9,500,000 .12/10/2009. 3.79%/(1M LIBOR).......... .12/10/2004. UBS AG........................... .......................... Sale................... 12/15/2008.. ......................... ....... ...........213,000 ........................ ..........213,000 ........................ ........................ ............66,239<br />
INTEREST RATE SWAP - TWIN REEFS........... ............10,000,000 .12/10/2009. 6.365/(1M LIBOR+100bps).04/07/2006. Bank of America, NA....... .......................... Sale................... 12/15/2008.. ......................... ....... ...........394,500 ........................ ..........394,500 ........................ ........................ ..........219,617<br />
.............................................................................. ............................... .................... ......................................... .................... ......................................... .......................... .......................... .................... ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............25,000,000 .03/07/2019. 3M LIBOR/(4.897%)........ .12/07/2007. Rabobank International... .......................... Sale................... 03/05/2008.. ......................... ....... ..........(781,000) ........................ ........................ ........(781,000) ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............15,000,000 .11/12/2012. 3M LIBOR/(4.306%)........ .12/12/2007. JP Morgan Chase & Co.. .......................... Sale................... 03/05/2008.. ......................... ....... ..........(522,000) ........................ ........................ ........(522,000) ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............10,000,000 .11/12/2012. 3M LIBOR/(4.302%)........ .12/12/2007. JP Morgan Chase & Co.. .......................... Sale................... 03/05/2008.. ......................... ....... ..........(350,000) ........................ ........................ ........(350,000) ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............40,000,000 .02/21/2016. 3M LIBOR/(4.497%)........ .02/19/2008. Rabobank International... .......................... Sale................... 03/05/2008.. ......................... ....... .......(1,030,000) ........................ .....(1,030,000) ........................ ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............40,000,000 .12/31/2015. 4.14%/(3M LIBOR).......... .03/11/2008. Morgan Stanley Capital Services .......................... Inc. Sale................... 04/02/2008.. ......................... ....... ...........471,200 ........................ ........................ ..........471,200 ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............50,000,000 .02/15/2016. 4.21%/(3M LIBOR).......... .04/18/2008. Rabobank International... .......................... Sale................... 05/21/2008.. ......................... ....... ..........(347,400) ........................ ........................ ........(347,400) ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............50,000,000 .06/30/2016. 4.27%/(3M LIBOR).......... .05/21/2008. Credit Suisse First Boston .......................... Sale................... 06/20/2008.. ......................... ....... .......(1,644,000) ........................ ........................ .....(1,644,000) ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............50,000,000 .03/20/2018. 4.86%/(3M LIBOR).......... .06/20/2008. Credit Suisse First Boston .......................... Sale................... 07/23/2008.. ......................... ....... ...........600,200 ........................ ........................ ..........600,200 ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............25,000,000 .03/08/2018. 4.65%/(3M LIBOR).......... .07/11/2008. Rabobank International... .......................... Sale................... 07/29/2008.. ......................... ....... ..........(332,200) ........................ ........................ ........(332,200) ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............50,000,000 .04/25/2018. 4.884%/(3M LIBOR)........ .07/23/2008. Rabobank International... .......................... Sale................... 08/20/2008.. ......................... ....... ...........540,100 ........................ ........................ ..........540,100 ........................ ........................<br />
INTEREST RATE SWAP ON ANNUTIY HEDGE ............60,000,000 .02/15/2018. 4.345%/(3M LIBOR)........ .09/12/2008. Rabobank International... .......................... Sale................... 11/20/2008.. ......................... ....... ........1,416,500 ........................ .......1,014,000 ..........402,500 ........................ ........................<br />
0599999. Total - Swaps - Hedging .......................................................................................................................................................................................... ...........942,292 .........XXX.......... .......XXX...... ......................0 XXX .......(1,371,100) ...........(33,218) ..........591,500 .....(1,962,600) .....................0 .......1,434,324<br />
Swaps - Other<br />
INTEREST RATE SWAP-CYRUS REINSURANCE............30,000,000 .09/01/2008. 5.064%/(3M LIBOR)........ .02/13/2006. Deutsche Bank AG.......... .......................... Sale................... 01/04/2008.. ......................... ....... ...........505,000 ........................ ..........505,000 ........................ ........................ ........................<br />
.............................................................................. ............................... .................... ......................................... .................... ......................................... .......................... .......................... .................... ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
BASKET OF CREDITS........................................ ............11,000,000 .09/20/2013. Rec 205 bps/................... .08/22/2008. Lehman Brothers Holdings.......................... Sale................... 09/30/2008.. ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
CREDIT DEFAULT SWAP (Short)...................... ............................... .................... Pay Physical Net............. .................... ......................................... .......................... .......................... .................... ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
.............................................................................. ............................... .................... Settlement upon.............. .................... ......................................... .......................... .......................... .................... ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
.............................................................................. ............................... .................... Qualifiying Credit............. .................... ......................................... .......................... .......................... .................... ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
.............................................................................. ............................... .................... Event............................... .................... ......................................... .......................... .......................... .................... ......................... ....... .......................... ........................ ........................ ........................ ........................ ........................<br />
0799999. Total - Swaps - Other................................................................................................................................................................................................ .......................0 .........XXX.......... .......XXX...... ......................0 XXX ...........505,000 .....................0 ..........505,000 .....................0 .....................0 .....................0<br />
0899999. Total - Swaps............................................................................................................................................................................................................ ...........942,292 .........XXX.......... .......XXX...... ......................0 XXX ..........(866,100) ...........(33,218) .......1,096,500 .....(1,962,600) .....................0 .......1,434,324<br />
2599999. Total - Hedging ........................................................................................................................................................................................................ ...........942,292 .........XXX.......... .......XXX...... ......................0 XXX .......(1,371,100) ...........(33,218) ..........591,500 .....(1,962,600) .....................0 .......1,434,324<br />
2799999. Total - Other ............................................................................................................................................................................................................. .......................0 .........XXX.......... .......XXX...... ......................0 XXX ...........505,000 .....................0 ..........505,000 .....................0 .....................0 .....................0<br />
9999999. Totals......................................................................................................................................................................................................................... ...........942,292 .........XXX.......... .......XXX...... ......................0 XXX ..........(866,100) ...........(33,218) .......1,096,500 .....(1,962,600) .....................0 .......1,434,324
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART D - SECTION 1<br />
Showing all Futures Contracts and <strong>Insurance</strong> Futures Contracts Open December 31 of Current Year<br />
1 2 3 4 5 6 7 8 9 Variation Margin Information 13<br />
10 11 12<br />
Date of<br />
Used to<br />
Number of Maturity Original Current Variation Opening Exchange or Cash Adjust Basis Potential<br />
Description Contracts Date Value Value Margin Position Counterparty Deposit Recognized of Hedged Item Deferred Exposure<br />
E22.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART D - SECTION 2<br />
Showing all Futures Contracts and <strong>Insurance</strong> Futures Contracts Opened During Current Year<br />
1 2 3 4 5 6 7<br />
Date of<br />
Maturity Opening Exchange or Net Additions to<br />
Description Number of Contracts Date Original Value Position Counterparty Cash Deposits<br />
E23<br />
SCHEDULE DB - PART D - SECTION 3<br />
Showing all Futures Contracts and <strong>Insurance</strong> Futures Contracts Terminated During Current Year<br />
1 2 3 4 5 6 7 8 9 10 Variation Margin Information<br />
11 12 13<br />
Net<br />
Date of Reduction Gain / (Loss) Used<br />
Number of Maturity Original Termination Variation Opening Exchange or to Cash Termination Gain / (Loss) to Adjust Basis of Gain / (Loss)<br />
Description Contracts Date Value Value Margin Position Counterparty Deposits Date Recognized Hedged Item Deferred
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE DB - PART E - SECTION 1<br />
Showing Counterparty Exposure for Derivative Instruments Open December 31 of Current Year<br />
1 2 3 Statement Value Fair Value 10 11<br />
4 5 6 7 8 9<br />
E24<br />
Description Master Fair Value Contracts Contracts Contracts Contracts Off-Balance<br />
Counterparty or Exchange Agreement of Acceptable Statement Statement Exposure Net Fair Fair Exposure Net Potential Sheet<br />
Traded (Y or N) Collateral Value > 0 Value < 0 of Collateral Value > 0 Value < 0 of Collateral Exposure Exposure<br />
SVO 1 OTC<br />
ABN Amro Bank N.V.................................................................. ..........YES.............. ......................................... ......................................... ..........................(290,028) ......................................0 ......................................... ..........................(290,028) ......................................0 .............................60,591 .........................................<br />
Bank of America, NA.................................................................. ..........YES.............. ......................................... ......................................... ..........................(540,093) ......................................0 ........................9,363,108 ..........................(540,093) ........................8,823,015 ...........................989,568 ...........................449,477<br />
Bank of New York....................................................................... ..........YES.............. ......................................... ........................1,227,820 ......................................... ........................1,227,820 ........................1,227,820 ......................................... ........................1,227,820 ......................................... .........................................<br />
Banque Paribas.......................................................................... ..........YES.............. ......................................... .............................85,695 ......................................... .............................85,695 .............................85,695 ......................................... .............................85,695 ......................................... .........................................<br />
BNP Paribas............................................................................... ..........YES.............. ......................................... ........................4,978,871 ......................................... ........................4,978,871 ........................4,978,871 ......................................... ........................4,978,871 ......................................... .........................................<br />
Barclays Bank PLC.................................................................... ..........YES.............. ......................................... ........................2,434,431 .......................(5,479,361) ......................................0 ........................7,363,540 ......................................... ........................7,363,540 ........................1,303,032 .........................................<br />
Citibank, NA............................................................................... ..........YES.............. ......................................... ......................12,247,782 ......................................... ......................12,247,782 ......................17,899,080 ......................................... ......................17,899,080 ...........................875,022 ...........................875,022<br />
Credit Suisse First Boston International..................................... ..........YES.............. ......................................... ........................5,504,226 ......................................... ........................5,504,226 ........................5,504,226 ......................................... ........................5,504,226 ......................................... .........................................<br />
Deutsche Bank AG..................................................................... ..........YES.............. ......................................... ......................17,953,968 ..........................(663,426) ......................17,290,542 ......................56,294,806 .......................(3,323,588) ......................52,971,218 ........................2,853,442 ........................2,853,442<br />
Goldman Sachs Capital Markets, L.P........................................ ..........YES.............. ......................................... .............................36,929 ..........................(885,254) ......................................0 .............................36,929 ..........................(885,254) ......................................0 ...........................199,314 .........................................<br />
HSBC Bank USA, N.A................................................................ ..........YES.............. ......................................... ...............................1,684 .......................(2,140,229) ......................................0 ...........................883,443 ......................................... ...........................883,443 ...........................288,210 .........................................<br />
JP Morgan Chase & Co.............................................................. ..........YES.............. ......................................... ...........................842,395 ......................................... ...........................842,395 ........................3,115,733 ......................................... ........................3,115,733 ...........................343,604 ...........................343,604<br />
JP Morgan Chase Bank N.A...................................................... ..........YES.............. ......................................... ........................2,886,136 ......................................... ........................2,886,136 ........................2,886,136 ......................................... ........................2,886,136 ......................................... .........................................<br />
Merrill Lynch Capital Services.................................................... ..........YES.............. ......................................... ........................7,684,806 ......................................... ........................7,684,806 ......................10,682,729 ......................................... ......................10,682,729 ...........................489,681 ...........................489,681<br />
Merrill Lynch International.......................................................... ..........YES.............. ......................................... ...........................461,217 ......................................... ...........................461,217 ...........................461,217 ......................................... ...........................461,217 ......................................... .........................................<br />
Morgan Stanley Capital Services Inc......................................... ..........YES.............. .....................(16,726,486) .............................12,223 .....................(48,299,239) ......................................0 ......................11,402,507 .....................(48,299,239) ......................................0 ........................2,008,031 .........................................<br />
Morgan Stanley & Co International PLC.................................... ..........YES.............. ......................................... ........................3,765,779 ......................................... ........................3,765,779 ........................3,765,779 ......................................... ........................3,765,779 ......................................... .........................................<br />
Rabobank International.............................................................. ..........YES.............. ......................................... .............................81,823 ......................................... .............................81,823 ......................22,539,717 ......................................... ......................22,539,717 ........................1,921,871 ........................1,921,871<br />
Royal Bank of Scotland.............................................................. ..........YES.............. ......................................... ......................................... .......................(2,881,590) ......................................0 ........................4,047,748 ......................................... ........................4,047,748 ...........................901,217 .........................................<br />
Societe Generale........................................................................ ..........YES.............. ......................................... ........................5,587,511 ......................................... ........................5,587,511 ........................5,587,511 ......................................... ........................5,587,511 ......................................... .........................................<br />
Sun Trust Bank........................................................................... ..........YES.............. ......................................... ...........................551,811 ......................................... ...........................551,811 ...........................551,811 ......................................... ...........................551,811 ......................................... .........................................<br />
UBS AG...................................................................................... ..........YES.............. ......................................... .............................17,215 ..........................(720,000) ......................................0 .............................17,215 ..........................(720,000) ......................................0 ...........................199,314 .........................................<br />
Wachovia Bank, NA................................................................... ..........YES.............. ......................................... .............................12,502 ......................................... .............................12,502 ...........................326,158 ......................................... ...........................326,158 .............................52,797 .............................52,797<br />
Wachovia Capital Markets LLC.................................................. ..........YES.............. ......................................... ...........................156,881 ......................................... ...........................156,881 ...........................156,881 ......................................... ...........................156,881 ......................................... .........................................<br />
0299999. Total SVO 1 OTC Subtotal.......................................................................... .....................(16,726,486) ......................66,531,705 .....................(61,899,220) ......................63,365,797 ....................169,178,660 .....................(54,058,202) ....................153,858,328 ......................12,485,694 ........................6,985,894<br />
0899999. Totals.......................................................................................................... .....................(16,726,486) ......................66,531,705 .....................(61,899,220) ......................63,365,797 ....................169,178,660 .....................(54,058,202) ....................153,858,328 ......................12,485,694 ........................6,985,894
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE E - PART 1 - CASH<br />
1 2 3 4 5 6 7<br />
Amount of Amount of<br />
Rate Interest Interest Accrued<br />
of Received December 31 of<br />
Depository Code Interest During Year Current Year Balance *<br />
Open Depositories<br />
Bank of America ..................................................... Charlotte, NC ........................................................... ......... .......................... ............................. ............................. ...........(137,766,396) XXX<br />
Bank of New York ................................................... New York, NY .......................................................... ......... .......................... ................447,586 ............................. ..............30,555,992 XXX<br />
Bank One ................................................................ Chicago, IL .............................................................. ......... .......................... ............................. ............................. ................1,171,318 XXX<br />
Citibank .................................................................. Wilson, NC .............................................................. ......... .......................... ............................. ............................. ................5,277,738 XXX<br />
Citibank .................................................................. Manilla, Philippines .................................................. ......... .......................... ....................6,975 ............................. ................7,197,647 XXX<br />
Fleet Bank .............................................................. New York, NY .......................................................... ......... .......................... ............................. ............................. .................(944,994) XXX<br />
Mellon Bank ............................................................ Hartford, CT ............................................................. ......... .......................... ............................. ............................. ................2,684,317 XXX<br />
<strong>The</strong> Northern Trust <strong>Company</strong> .................................. Pittsburgh, PA .......................................................... ......... .......................... ............................. ............................. ................1,959,838 XXX<br />
State Street Bank .................................................... Chicago, IL .............................................................. ......... .......................... ............................. ............................. ................1,103,581 XXX<br />
Wachovia Bank ....................................................... Boston, MA .............................................................. ......... .......................... ............................. ............................. ..............(1,589,773) XXX<br />
Wells Fargo Bank ................................................... Charlotte, NC ........................................................... ......... .......................... ............................. ............................. ...........(110,519,508) XXX<br />
Wells Fargo Bank ................................................... Fort Wayne, IN ........................................................ ......... .......................... ............................. ............................. ................3,535,793 XXX<br />
0199998. Deposits in.....9 depositories that do not exceed allowable<br />
limits in any one depository (see Instructions) - Open Depositories................................................ .XXX. ..........XXX......... .......................118 ............................. ......................9,441 XXX<br />
0199999. Total - Open Depositories.............................................................................................................. .XXX. ..........XXX......... ................454,679 ..........................0 ...........(197,325,006) XXX<br />
0399999. Total Cash on Deposit.................................................................................................................... .XXX. ..........XXX......... ................454,679 ..........................0 ...........(197,325,006) XXX<br />
0599999. Total Cash..................................................................................................................................... .XXX. ..........XXX......... ................454,679 ..........................0 ...........(197,325,006) XXX<br />
TOTALS OF DEPOSITORY BALANCES ON THE LAST DAY OF EACH MONTH DURING THE CURRENT YEAR<br />
1. January.................... ...............(179,724,883) 4. April.......................... ...............(111,262,488) 7. July........................... ...............(170,633,612) 10. October.................. ...............(196,794,992)<br />
2. February................... ...............(146,315,810) 5. May.......................... ...............(116,053,402) 8. August...................... ...............(195,604,450) 11. November.............. ...............(251,352,139)<br />
3. March....................... ...............(137,718,173) 6. June......................... ...............(143,881,967) 9. September............... ...............(168,080,073) 12. December.............. ...............(197,325,006)<br />
E25
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE E - PART 2 - CASH EQUIVALENTS<br />
Show Investments Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8<br />
E26<br />
Date Rate of Book/Adjusted Amount of Interest Amount Received<br />
Description Code Acquired Interest Maturity Carrying Value Due & Accrued During Year<br />
Bonds - Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations<br />
ABBOTT LABORATORIES.............................................................................................................................................................................. ......... .............12/29/2008 ...............................0.100 .............01/16/2009 ......................................25,474,434 ..................................................212 .........................................................<br />
ALLIANZ FINANCE CORP.............................................................................................................................................................................. ......... .............12/04/2008 ...............................1.800 .............02/02/2009 ......................................24,925,000 .............................................35,000 .........................................................<br />
AT&T INC......................................................................................................................................................................................................... ......... .............12/30/2008 ...............................0.230 .............02/17/2009 ......................................24,992,174 ..................................................319 .........................................................<br />
BANK OF NOVA SCOTIA................................................................................................................................................................................ ......... .............12/04/2008 ...............................1.350 .............01/08/2009 ......................................25,000,000 .............................................26,250 .........................................................<br />
BARCLAYS BANK PLC................................................................................................................................................................................... ......... .............12/01/2008 ...............................2.200 .............01/13/2009 ......................................25,000,000 .............................................47,361 .........................................................<br />
BASF AG......................................................................................................................................................................................................... ......... .............11/20/2008 ...............................1.500 .............01/09/2009 ......................................24,947,917 .............................................43,750 .........................................................<br />
BASF AG......................................................................................................................................................................................................... ......... .............11/21/2008 ...............................1.800 .............01/21/2009 ......................................24,923,750 .............................................51,250 .........................................................<br />
BASF AG......................................................................................................................................................................................................... ......... .............12/01/2008 ...............................1.900 .............02/06/2009 ......................................13,950,494 .............................................22,906 .........................................................<br />
BNP PARIBAS FINANCE INC......................................................................................................................................................................... ......... .............12/01/2008 ...............................1.777 .............01/02/2009 ........................................9,984,204 .............................................15,302 .........................................................<br />
BNP PARIBAS FINANCE INC......................................................................................................................................................................... ......... .............12/18/2008 ...............................0.240 .............01/08/2009 ......................................32,405,463 ...............................................3,025 .........................................................<br />
BP CAPITAL MARKETS PLC.......................................................................................................................................................................... ......... .............10/27/2008 ...............................1.700 .............01/06/2009 ......................................24,916,181 .............................................77,917 .........................................................<br />
CME GROUP INC............................................................................................................................................................................................ ......... .............12/02/2008 ...............................1.850 .............01/29/2009 ......................................19,940,389 .............................................30,833 .........................................................<br />
COLGATE-PALMOLIVE CO............................................................................................................................................................................ ......... .............12/22/2008 ...............................0.100 .............01/20/2009 ......................................34,507,220 ..................................................959 .........................................................<br />
CONOCOPHILLIPS......................................................................................................................................................................................... ......... .............12/01/2008 ...............................1.150 .............01/30/2009 ......................................18,359,743 .............................................18,216 .........................................................<br />
CORNELL UNIVERSITY................................................................................................................................................................................. ......... .............11/13/2008 ...............................1.200 .............01/13/2009 ......................................14,969,500 .............................................24,500 .........................................................<br />
CORNELL UNIVERSITY................................................................................................................................................................................. ......... .............11/19/2008 ...............................1.300 .............01/21/2009 ........................................9,977,250 .............................................15,528 .........................................................<br />
CORNELL UNIVERSITY................................................................................................................................................................................. ......... .............11/25/2008 ...............................1.300 .............01/22/2009 ........................................9,280,522 .............................................12,426 .........................................................<br />
CORNELL UNIVERSITY................................................................................................................................................................................. ......... .............12/02/2008 ...............................1.400 .............02/18/2009 ......................................10,054,409 .............................................11,766 .........................................................<br />
DANAHER CORP............................................................................................................................................................................................ ......... .............11/13/2008 ...............................1.250 .............01/12/2009 ........................................9,979,167 .............................................17,014 .........................................................<br />
DANAHER CORP............................................................................................................................................................................................ ......... .............12/11/2008 ...............................0.300 .............01/21/2009 ........................................8,871,968 ...............................................1,553 .........................................................<br />
ELECTRICITE DE FRANCE............................................................................................................................................................................ ......... .............12/29/2008 ...............................0.350 .............02/17/2009 ......................................29,985,417 ..................................................875 .........................................................<br />
GE CAPITAL TLGP......................................................................................................................................................................................... ......... .............11/24/2008 ...............................1.300 .............01/13/2009 ......................................49,909,722 .............................................68,611 .........................................................<br />
GE CAPITAL TLGP......................................................................................................................................................................................... ......... .............12/01/2008 ...............................1.350 .............02/13/2009 ......................................14,958,375 .............................................17,438 .........................................................<br />
GENENTECH INC........................................................................................................................................................................................... ......... .............12/11/2008 ...............................0.250 .............01/12/2009 ......................................24,994,444 ...............................................3,646 .........................................................<br />
HARVARD UNIVERSITY................................................................................................................................................................................. ......... .............11/12/2008 ...............................1.100 .............02/10/2009 ......................................19,945,000 .............................................30,556 .........................................................<br />
HEWLETT PACKARD CO............................................................................................................................................................................... ......... .............12/22/2008 ...............................0.400 .............03/02/2009 ......................................24,980,556 ...............................................2,778 .........................................................<br />
ILLINOIS TOOL WORKS INC.......................................................................................................................................................................... ......... .............11/21/2008 ...............................1.150 .............01/15/2009 ......................................29,947,292 .............................................39,292 .........................................................<br />
KFW INTL FINANCE INC................................................................................................................................................................................ ......... .............12/15/2008 ...............................0.500 .............01/13/2009 ........................................5,647,724 ...............................................1,334 .........................................................<br />
KFW INTL FINANCE INC................................................................................................................................................................................ ......... .............12/22/2008 ...............................0.180 .............01/21/2009 ......................................21,996,700 ...............................................1,100 .........................................................<br />
KFW INTL FINANCE INC................................................................................................................................................................................ ......... .............12/29/2008 ...............................0.180 .............01/28/2009 ......................................13,997,900 ..................................................210 .........................................................<br />
L'OREAL USA INC........................................................................................................................................................................................... ......... .............11/17/2008 ...............................1.150 .............01/16/2009 ......................................19,961,667 .............................................28,750 .........................................................<br />
L'OREAL USA INC........................................................................................................................................................................................... ......... .............12/19/2008 ...............................0.150 .............01/23/2009 ......................................29,995,625 ...............................................1,625 .........................................................<br />
LLOYDS TSB BANK PLC................................................................................................................................................................................ ......... .............12/08/2008 ...............................2.000 .............02/17/2009 ......................................35,000,000 .............................................46,667 .........................................................<br />
MEDTRONIC INC............................................................................................................................................................................................ ......... .............11/04/2008 ...............................1.200 .............01/14/2009 ......................................19,952,667 .............................................38,667 .........................................................<br />
MEDTRONIC INC............................................................................................................................................................................................ ......... .............11/21/2008 ...............................0.900 .............01/12/2009 ......................................20,073,870 .............................................20,603 .........................................................<br />
MEDTRONIC INC............................................................................................................................................................................................ ......... .............12/19/2008 ...............................0.200 .............01/08/2009 ......................................10,998,778 ..................................................794 .........................................................<br />
MERCK & CO INC........................................................................................................................................................................................... ......... .............12/29/2008 ...............................0.060 .............02/12/2009 ......................................51,546,134 ..................................................258 .........................................................<br />
MICROSOFT CORP........................................................................................................................................................................................ ......... .............11/21/2008 ...............................0.500 .............01/16/2009 ......................................19,984,444 .............................................11,389 .........................................................<br />
MICROSOFT CORP........................................................................................................................................................................................ ......... .............12/29/2008 ...............................0.100 .............02/27/2009 ......................................10,998,167 ....................................................92 .........................................................<br />
MICROSOFT CORP........................................................................................................................................................................................ ......... .............12/29/2008 ...............................0.150 .............03/13/2009 ........................................8,997,225 ..................................................113 .........................................................<br />
MINNESOTA MINING & MANUFACTURI....................................................................................................................................................... ......... .............10/22/2008 ...............................1.700 .............01/12/2009 ......................................11,953,533 .............................................40,233 .........................................................<br />
MINNESOTA MINING & MANUFACTURI....................................................................................................................................................... ......... .............10/27/2008 ...............................1.700 .............01/14/2009 ......................................14,944,042 .............................................46,750 .........................................................<br />
NATIONAL RURAL UTIL COOP ST................................................................................................................................................................ ......... .............12/15/2008 ...............................0.300 .............01/12/2009 ......................................29,993,000 ...............................................4,250 .........................................................<br />
NESTLE CAPITAL CORPORATION ST.......................................................................................................................................................... ......... .............12/01/2008 ...............................0.950 .............02/17/2009 ......................................49,897,083 .............................................40,903 .........................................................<br />
NESTLE CAPITAL CORPORATION ST.......................................................................................................................................................... ......... .............12/04/2008 ...............................0.700 .............03/03/2009 ......................................24,956,736 .............................................13,611 .........................................................<br />
NORDEA NORTH AMERICA INC................................................................................................................................................................... ......... .............12/30/2008 ...............................0.240 .............01/29/2009 ......................................29,994,000 ..................................................400 .........................................................<br />
NORTHERN ILLINOIS GAS CO...................................................................................................................................................................... ......... .............12/19/2008 ...............................0.350 .............01/06/2009 ......................................34,993,875 ...............................................4,424 .........................................................<br />
NORTHERN ILLINOIS GAS CO...................................................................................................................................................................... ......... .............12/22/2008 ...............................1.360 .............01/07/2009 ......................................13,991,538 ...............................................5,289 .........................................................<br />
NORTHWEST NATURAL GAS....................................................................................................................................................................... ......... .............11/10/2008 ...............................2.000 .............01/21/2009 ........................................7,968,000 .............................................23,111 .........................................................<br />
NORTHWEST NATURAL GAS....................................................................................................................................................................... ......... .............11/13/2008 ...............................1.500 .............01/20/2009 ......................................10,714,556 .............................................21,938 .........................................................<br />
NORTHWEST NATURAL GAS....................................................................................................................................................................... ......... .............12/01/2008 ...............................1.250 .............01/13/2009 ......................................33,949,236 .............................................36,597 .........................................................<br />
PROCTER & GAMBLE CO.............................................................................................................................................................................. ......... .............12/31/2008 ...............................0.120 .............03/30/2009 ......................................24,992,583 ......................................................... .........................................................<br />
PROCTER & GAMBLE INTL FUNDING.......................................................................................................................................................... ......... .............11/12/2008 ...............................1.100 .............01/23/2009 ......................................26,940,600 .............................................41,250 .........................................................
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE E - PART 2 - CASH EQUIVALENTS<br />
Show Investments Owned December 31 of Current Year<br />
1 2 3 4 5 6 7 8<br />
Date Rate of Book/Adjusted Amount of Interest Amount Received<br />
Description Code Acquired Interest Maturity Carrying Value Due & Accrued During Year<br />
RABOBANK USA FIN CORP.......................................................................................................................................................................... ......... .............12/01/2008 ...............................1.300 .............02/02/2009 ......................................14,965,875 .............................................16,792 .........................................................<br />
RABOBANK USA FIN CORP.......................................................................................................................................................................... ......... .............12/29/2008 ...............................0.050 .............01/05/2009 ......................................31,949,689 ..................................................133 .........................................................<br />
SIEMENS CAPITAL CO LLC........................................................................................................................................................................... ......... .............12/03/2008 ...............................0.700 .............01/13/2009 ......................................24,980,069 .............................................14,097 .........................................................<br />
SIEMENS CAPITAL CO LLC........................................................................................................................................................................... ......... .............12/15/2008 ...............................0.250 .............01/13/2009 ......................................15,420,894 ...............................................1,821 .........................................................<br />
TORONTO DOMINION HLDGS USA.............................................................................................................................................................. ......... .............11/21/2008 ...............................1.245 .............01/21/2009 ......................................19,957,808 .............................................28,358 .........................................................<br />
TORONTO DOMINION HLDGS USA.............................................................................................................................................................. ......... .............12/30/2008 ...............................0.150 .............03/03/2009 ......................................29,992,125 ..................................................250 .........................................................<br />
TOTAL CAPITAL SA........................................................................................................................................................................................ ......... .............12/02/2008 ...............................1.200 .............01/05/2009 ......................................29,966,000 .............................................30,000 .........................................................<br />
UNILEVER CAPITAL CORP............................................................................................................................................................................ ......... .............12/04/2008 ...............................1.050 .............02/17/2009 ......................................19,956,250 .............................................16,333 .........................................................<br />
USAA CAPITAL CORP.................................................................................................................................................................................... ......... .............12/19/2008 ...............................0.150 .............01/06/2009 ......................................10,334,225 ..................................................560 .........................................................<br />
VANDERBILT UNIVERSITY............................................................................................................................................................................ ......... .............11/26/2008 ...............................2.000 .............01/13/2009 ......................................14,960,000 .............................................30,000 .........................................................<br />
WASHINGTON (THE) POST CO.................................................................................................................................................................... ......... .............12/24/2008 ...............................0.150 .............01/16/2009 ......................................21,997,892 ..................................................733 .........................................................<br />
3999999. Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations..................................................................................................... ......................................................................................................................... .................................1,406,101,101 ........................................1,188,718 ......................................................0<br />
4599999. Total - Industrial and Miscellaneous (Unaffiliated).......................................................................................................................... ......................................................................................................................... .................................1,406,101,101 ........................................1,188,718 ......................................................0<br />
Total Bonds<br />
5499999. Subtotals - Issuer Obligations......................................................................................................................................................... ......................................................................................................................... .................................1,406,101,101 ........................................1,188,718 ......................................................0<br />
6099999. Subtotals - Bonds............................................................................................................................................................................ ......................................................................................................................... .................................1,406,101,101 ........................................1,188,718 ......................................................0<br />
8799999. Total - Cash Equivalents................................................................................................................................................................. ......................................................................................................................... .................................1,406,101,101 ........................................1,188,718 ......................................................0<br />
E26.1
Annual Statement for the year 2008 of the<br />
<strong>The</strong> <strong>Lincoln</strong> <strong>National</strong> <strong>Life</strong> <strong>Insurance</strong> <strong>Company</strong><br />
SCHEDULE E - PART 3 - SPECIAL DEPOSITS<br />
1 2 Deposits for the<br />
Benefit of All Policyholders All Other Special Deposits<br />
3 4 5 6<br />
Type of Purpose of Book/Adjusted Fair Book/Adjusted Fair<br />
States, Etc. Deposit Deposit Carrying Value Value Carrying Value Value<br />
1. Alabama..........................................AL ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
2. Alaska.............................................AK ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
3. Arizona............................................AZ ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
4. Arkansas.........................................AR ......B..... State Operating Requirement.............................................. ............................. ............................. ..............282,413 ..............396,093<br />
5. California........................................CA ......B..... Workers' Compensation....................................................... ............................. ............................. .........20,508,979 .........24,387,300<br />
6. Colorado........................................CO ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
7. Connecticut.....................................CT ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
8. Delaware........................................DE ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
9. District of Columbia........................DC ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
10. Florida.............................................FL ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
11. Georgia...........................................GA ......B..... State Operating Requirement.............................................. ............................. ............................. ................94,138 ..............132,031<br />
12. Hawaii..............................................HI ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
13. Idaho................................................ID ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
14. Illinois................................................IL ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
15. Indiana.............................................IN ......B..... State Operating Requirement.............................................. ...........3,250,113 ...........3,663,100 ............................. .............................<br />
16. Iowa..................................................IA ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
17. Kansas............................................KS ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
18. Kentucky.........................................KY ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
19. Louisiana.........................................LA ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
20. Maine.............................................ME ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
21. Maryland........................................MD ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
22. Massachusetts...............................MA ......B..... State Operating Requirement.............................................. ............................. ............................. ...........3,182,895 ...........3,990,169<br />
23. Michigan..........................................MI ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
24. Minnesota......................................MN ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
25. Mississippi......................................MS ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
26. Missouri.........................................MO ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
27. Montana.........................................MT ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
28. Nebraska........................................NE ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
29. Nevada...........................................NV ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
30. New Hampshire.............................NH ......B..... Qualify for License............................................................... ............................. ............................. ..............511,707 ..............725,390<br />
31. New Jersey.....................................NJ ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
32. New Mexico...................................NM ......B..... State Operating Requirement.............................................. ............................. ............................. ..............320,068 ..............448,905<br />
33. New York........................................NY ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
34. North Carolina................................NC ......B..... State Operating Requirement.............................................. ............................. ............................. ..............423,620 ..............594,140<br />
35. North Dakota..................................ND ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
36. Ohio................................................OH ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
37. Oklahoma.......................................OK ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
38. Oregon...........................................OR ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
39. Pennsylvania..................................PA ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
40. Rhode Island....................................RI ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
41. South Carolina...............................SC ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
42. South Dakota..................................SD ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
43. Tennessee......................................TN ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
44. Texas..............................................TX ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
45. Utah................................................UT ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
46. Vermont..........................................VT ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
47. Virginia............................................VA ......B..... Qualify for License............................................................... ............................. ............................. ..............495,913 ..............540,940<br />
48. Washington....................................WA ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
49. West Virginia.................................WV ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
50. Wisconsin........................................WI ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
51. Wyoming........................................WY ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
52. American Samoa............................AS ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
53. Guam.............................................GU ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
54. Puerto Rico.....................................PR ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
55. US Virgin Islands.............................VI ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
56. Northern Mariana Islands..............MP ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
57. Canada...........................................CN ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
58. Aggregate Alien and Other............OT ...XXX... ....................................XXX.................................................. ..........................0 ..........................0 ..........................0 ..........................0<br />
59. Total..................................................... ...XXX... ....................................XXX.................................................. ...........3,250,113 ...........3,663,100 .........25,819,733 .........31,214,968<br />
DETAILS OF WRITE-INS<br />
5801. ............................................................. ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
5802. ............................................................. ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
5803. ............................................................. ............. .............................................................................................. ............................. ............................. ............................. .............................<br />
5898. Summary of remaining write-ins for<br />
line 58 from overflow page.................. ...XXX... ....................................XXX.................................................. ..........................0 ..........................0 ..........................0 ..........................0<br />
5899. Total (Lines 5801 thru 5803+5898)<br />
(Line 58 above)................................... ...XXX... ....................................XXX.................................................. ..........................0 ..........................0 ..........................0 ..........................0<br />
E27