B-1 STATEMENT OF ADDITIONAL INFORMATION Dated May 1 ...

Name of Portfolio 2008 2007 2006International Growth Portfolio 691,012 1,239,872 728,238International Equity Portfolio 214,821 739,753 632,326Money Market Portfolio 0 0 0Select Bond Portfolio 150,387 17,915 21,462High Yield Bond Portfolio 0 0 1,122Balanced Portfolio 2,172,754 2,393,156 98,887Asset Allocation Portfolio 304,424 383,789 266,946During the prior three year period, the Directors of the Fund had authorized the investment adviserand sub-advisers to place portfolio orders for the Fund with the following broker-dealer who is an affiliateof the Fund, or an affiliate of an affiliate of the Fund: J.P. Morgan Securities, Inc. (“J.P. Morgan”), Bear,Stearns & Co., Inc. (“Bear Stearns”), Cazenove Group (“Cazenove”), Chase Investment Services(“Chase”), and Dresdner Kleinwort Securities, LLC (“Dresdner Kleinwort”). This authorization is subjectto all applicable legal requirements, including procedures adopted by the Directors. The following tableshows the commissions paid by the Fund, in the aggregate, to, J.P. Morgan, Bear Stearns, Cazenove,Chase, and Dresdner Kleinwort as well as the percentage of the aggregate brokerage commissions paid,and the percentage of aggregate fund transactions, for fiscal years ended 2006, 2007 and 2008:CommissionsPaid ToDollar Amount of Commissions2006 2007 2008J.P. Morgan $190,009 $359,888 $382,192Bear Stearns 1 — — 187,345Cazenove 20,114 95,479 29,164Chase 1,039 15,109 3,124Dresdner Kleinwort 27,694 110,505 58,920Percentage of Aggregate BrokerageCommissions2006 2007 2008J.P. Morgan 2.48% 3.18% 5.07%Bear Stearns 1 — — 2.48%Cazenove 0.26% 0.84% 0.39%Chase 0.01% 0.13% 0.04%Dresdner Kleinwort 0.36% 0.98% 0.78%Percentage of AggregateFund Transactions2006 2007 2008J.P. Morgan 6.32% 0.26% 15.70%Bear Stearns 1 — — 0.05%Cazenove 0.01% 0.06% 0.01%Chase 0.00% 5.98% 0.00%Dresdner Kleinwort 0.03% 0.06% 0.05%The charts below identify each Portfolio's "regular brokers or dealers" the securities of which werepurchased by a Portfolio during the fiscal year ended December 31, 2008, and the value each Portfolioheld of such securities as of December 31, 2008. Where a value is listed as zero, the Portfolio did nothold any securities of the indicated broker-dealer as of December 31, 2008. Where the table indicates“NA,” either the broker was not a “regular broker or dealer” of the Portfolio or the Portfolio did notpurchase securities of the broker or dealer during 2007 (though the Portfolio may have held as of1 JPMorgan Chase & Co. acquired The Bear Stearns Companies on May 30, 2008. Prior to this date, no affiliationbetween the Fund and Bear Stearns existed.B-56