Quarterly Portfolio Guide - MassMutual · Quarterly Portfolio Guide ... Strategic Group Variable...

Insight into the underlying funds of Strategic Group Variable Universal Life® Insurance

An Educational Guide for Individuals

Quarterly Portfolio Guide December 31, 2013

Not FDIC or NCUA Insured Not a Bank or Credit Union Deposit or ObligationMay Go Down in Value Not Insured by any Federal Government Agency

Not Guaranteed by any Bank or Credit Union

Gain insight into your investment choices

The Strategic Group Variable Universal Life (Strategic GVUL) product offers a broad range of investment choices so you and your financial professional can develop an investment strategy that fits your risk tolerance, time horizon and investment objectives. This brochure provides important information so you can gain a true insight into these investment choices and select the investment choices that best suit you.

Strategic Group Variable Universal Life is a variable rider to a group flexible premium adjustable life insurance policy. The group policy allows individ-ual owners to elect certificates offering participation in MassMutual’s fixed account and to elect a rider to the certificate offering additional participation in a separate account of MassMutual. We refer to the certificates we issue to individuals who elect the variable rider as “policy” or “policies.”

This report gives information only about the performance of the invest-ment options available through the policy. It does not give, and should not be understood to give, information about the overall performance of any policy. Before purchasing a Strategic Group Variable Universal Life policy, you should request a personalized illustration from your financial representative to see examples of how policy charges can impact the performance of your policy. The illustration will reflect the deduction of mortality and expense risk charges, premium charges (i.e. sales load, state premium tax and DAC tax charges), surrender charges, the monthly administrative, face amount, and insurance charges, as well as any applicable rider charges specific to the policy. Additionally, if you currently own a policy, you can obtain current illustrations of policy values by contacting your personal financial representative, or by clicking on “contact us” on our web site, or by calling us at 800-548-0073, Monday – Friday, 8 a.m. to 5 p.m. eastern time.

The investment performance figures in this report are based on actual historical performance of the investment options for the periods shown, including for those time periods that begin prior to this policy’s availability date. In most states, the policy first became available on October 1, 1997. For periods of one year or less, the total return is not annualized. For periods greater than one year, the average annual total return for the time periods is shown.

This material must be preceded or accompanied by the current prospectus for the Strategic Group Variable Universal Life Insurance policy and the prospectuses (or summary prospectuses, if available) for its underlying investment choices. Before purchasing a policy, investors should carefully consider the investment objectives, risks, charges and expenses of the policy and its underlying investment choices. Please read the prospectuses carefully before investing or sending money.

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http://www.massmutual.com/productssolutions/productperformance/executivebenefits/sgvul




Brand-name investment management

Strategic GVUL offers some of the most recognizable names in money management today. Massachusetts Mutual Life Insurance Company (MassMutual) strives to provide policy owners with access to high-caliber investment managers who offer consistent, quality investment strategies. The ability to invest in invest-ment choices managed by these types of experienced invest-ment management companies may help you attain your desired investment results over the long term.

As of December 31, 2013; subject to change.

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Broad range of investment choices*(Fund sub-adviser as noted in parenthesis)

Large Cap •American Century VP Income & Growth

•MML Equity (Oppenheimer/ Loomis Sayles)

•Fidelity® VIP Contrafund®

•MFS® Research Series

•MML Equity Index (Northern Trust)

•Oppenheimer Main Street

•MFS® Growth

•MML Blue Chip Growth (T. Rowe Price)

•Oppenheimer Capital Appreciation

•T. Rowe Price New America Growth

Small/Mid Cap •American Century VP Value •MML Small Cap Equity1

(Oppenheimer)

•Oppenheimer Main Street Small Cap2

•Oppenheimer Discovery Mid Cap Growth3

•T. Rowe Price Mid-Cap Growth4

•MFS® New Discovery

Value Blend Growth

* Investment choices listed are available as of the date of this brochure.

Investing involves risk, including the loss of principal. Each investment choice underlying the variable life insurance policy has broad risks that apply to all investment choices, such as market risk, as well as specific risks inherent in particular types of investment choices that may subject your variable life insurance policy to greater risk and volatility than the general market.1 Formerly known as MML Small/Mid Cap Equity2 Formerly known as Oppenheimer Main Street Small- & Mid-Cap3 Formerly known as Oppenheimer Small- & Mid-Cap Growth4 T. Rowe Price Mid-Cap Growth is not available as an investment choice for policies issued on May 1, 2004 or later.

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5 An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or by any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

6 Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-funds bears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests.

7 Formerly known as Oppenheimer Balanced8 Formerly known as Oppenheimer Global Securities

Fixed Income Other Categories Global/International

Money Market•Oppenheimer Money5

Investment Grade Bond•MML Managed Bond

•Oppenheimer Core Bond (Babson)

Multi Sector•Oppenheimer Global Strategic Income

Asset Allocation6

•MML Conservative Allocation

•MML Balanced Allocation

•MML Moderate Allocation

•MML Growth Allocation

•MML Aggressive Allocation

Balanced•Oppenheimer Capital Income7

Global Equity•Oppenheimer Global8

International Equity•Oppenheimer International Growth

Emerging Markets Equity•MML Strategic Emerging Markets

(Oppenheimer)

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The fact sheets included in this brochure provide detailed information about the historical performance of the invest-ment choices in your Strategic GVUL policy. They also provide valuable information about the underlying funds that the investment choices (divisions) invest in. Please refer to these important definitions and concepts as you review the fact sheets. They will help you gain a better understanding of the investment choices you have elected, or the investment choices you may elect in the future. Important note: the fact sheets cannot be printed separately.

PerformanceThe performance numbers for each investment choice varies by the level of fees and charges deducted. Fees and charges will reduce your investment return.

Past performance is no indication of future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For the most recent-month end performance, please visit our Web site at www.massmutual.com or by calling our customer service center at (800) 272-2216, 8:00 a.m. to 8:00 p.m. (ET).

Total Returns for each fund are the actual historical rates and are net of all fund management fees and other operat-ing expenses. These returns do not reflect the Separate Account Mortality and Expense Risk Charges or policy charges. Policy charges include: premium charges (i.e. sales load, state premium tax and DAC tax charges), surrender charges, and the monthly administrative, face amount, and insurance charges. If these charges were deducted, the returns would be significantly lower.

Fund ExpensesGross Fund Expenses are the total operating expenses charged by any of the funds, expressed as a percentage of average net assets, for the prior year end. More detail concerning each fund’s fees and expenses that you may pay periodically during the time that you own the policy, is contained in each fund prospectus.

Net Fund Expenses are the Total Annual Fund Operating Expenses, minus any waivers or reimbursements put in place by the fund company.

Fundamental Characteristics (Fixed Income and Equity)Average Life Coupon is the dollar-weighted average of all the current coupons of the bonds in a portfolio.

Credit Quality represents the grading of a debt security with respect to the issuer’s ability to meet interest and principal requirements in a timely manner. Issues rated AAA, AA, A and BBB are considered investment grade, while issues rated BB, B and below are considered below investment grade or high yield bonds. Higher rated bonds generally provide lower yields and greater safety relative to below investment grade bonds.

Dividend Yield is the yield a company pays out to its share-holders in the form of dividends. It is calculated by taking the amount of dividends paid per share over the course of a year and dividing by the stock’s price.

Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund’s duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund’s price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund’s price.

Earnings per Share (EPS) are total earnings divided by the number of shares outstanding.

Historical Three-Year EPS Growth is the percent change in earnings per share (EPS) over the past three years.

Market Capitalization represents the aggregate value of a company or stock. It is obtained by multiplying the number of shares outstanding by their current price per share. For example, if XYZ company has 15,000,000 shares outstand-ing and a share price of $20 per share then the market capitalization is 15,000,000 x $20 = $300,000,000.

Maturity (Life) is the dollar-weighted average of all the current maturities of the bonds in a portfolio. The longer the average life, the more sensitive the portfolio will be to changes in interest rates.

Important information about the fact sheets

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Price to Book represents a stock’s market capitalization divided by its book value. This ratio compares the market’s valuation of a company to the value of that company as indicated on its financial statements.

Price to Earnings (P/E) are the most common measure of how expensive a stock is. The P/E ratio is equal to a stock’s market capitalization divided by its after-tax earnings over a 12-month period, usually the trailing period but occasionally the current or forward period.

Modern Portfolio Theory Risk StatisticsThese are statistics that will help you better understand the risk and return attributes of the underlying funds you invest in.

Alpha (risk-adjusted excess return) measures the difference between a funds actual return and what was expected based on its market risk (beta).

Beta (market risk) measures the sensitivity of a fund to its benchmark. For example, if a funds beta is 1.10, it is expected to move up or down 1.10 times that of the benchmark index.

R-Squared (goodness of fit) represents the correlation of a fund with its benchmark index. For example, an R-Squared of .90 means the benchmark is a good proxy for the type of securities held within the fund. A reading of .70 may mean an inappropriate benchmark, which reduces the validity of relative statistics such as alpha and beta.

Risk Reward Chart plots the return and standard deviation of the fund and index. The top left panel indicates greater return with less risk and the bottom left panel indicates less return with less risk. The top right panel indicates greater return with greater risk and the bottom right panel indicates less return with greater risk.

Sector Weight Chart/Table depicts the classification of holdings into broad sector groups identifying the general business operations of the company.

Sharpe Ratio (excess return per unit of risk) measures the return above or below the risk-free rate (T-bills), per unit of risk take (fund’s standard deviation).

Standard Deviation measures the fund’s volatility of returns, or level of absolute risk. If a portfolio has a standard devia-tion of 12%, its returns have been +/-12 percentage points of its average for 2/3rds of the measurement periods.

Indices DefinitionsIndices are an unmanaged group of stocks or bonds moni-tored to provide insight into how the markets are performing. Investment managers often benchmark the performance of the funds they manage against indices with attributes consistent with a fund’s strategy. For example, a large cap fund manager may benchmark the fund’s performance to the S&P 500. The definitions that follow will provide you a short description of each index.

Barclays Capital U.S. Aggregate Bond Index is an unman-aged index of fixed rate investment grade securities with at least one year to maturity combining the Barclays Capital Government/Credit Index and the Barclays Capital Mortgage-Back Securities Index.

Barclays Capital U.S. 1-3 Year Government Bond Index is an unmanaged index of U.S. government bonds with 1-3 years remaining to the scheduled payment of principal.

Barclays Capital U.S. Corporate High Yield Index covers the universe of fixed rate, non-investment grade debt. The index includes both corporate and non-corporate sectors.

Barclays Capital U.S. Treasury 3 Month Bellwether Index measures the performance of Treasury bills with a maturity of less than three months.

Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) measures the performance of intermediate (1-10 year) U.S. Treasury Inflation Protected Securities.

Dow Jones (DJ) – AIG Commodity Total Return Index is an unmanaged index composed of futures contracts on 19 physical commodities. The index is designed to be a highly liquid and diversified benchmark of commodities as an asset class.

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Morgan Stanley Capital International (MSCI®) AC World ex U.S. Index is an index representative of stocks domiciled in global developed and emerging markets, excluding the United States.

Morgan Stanley Capital International Europe, Australasia and Far East Index (MSCI® EAFE®) is a widely recognized index representative of foreign securities in the major non-U.S. markets of Europe, Australasia and the Far East.

Morgan Stanley Capital International (MSCI®) Emerging Markets (EM) Index measures the performance of emerging market stocks.

Morgan Stanley Capital International (MSCI®) China Index is an unmanaged market capitalization-weighted index of Chinese companies available to non-domestic investors.

Morgan Stanley Capital International (MSCI®) World Health Care Index is a free float-adjusted market capitaliza-tion index that represents the health care segment in global developed market equity performance.

Morgan Stanley Capital International (MSCI®) World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

NASDAQ 100 Index® is a registered service mark of the NASDAQ Stock Market, Inc. (NASDAQ). The NASDAQ 100 Index is composed and calculated by NASDAQ without regard to the Fund. NASDAQ makes no warranty, express or implied, regarding , and bears no liability with respect to, the NASDAQ 100 Index or its use of any data included therein.

Russell 1000® Index is a widely recognized index repre-senting the 1000 largest U.S. companies based on market capitalization. The Russell 1000® Growth Index consists of those Russell 1000 securities with greater than average growth orientation and higher prince-to-book ratios. The Russell 1000® Value Index consists of those Russell 1000 securities with greater than average value orientation and lower price to book ratios. The Russell 1000 Index consists of the Russell 1000 Value and Russell 1000 Growth indices.

Russell 2000® Index is a widely recognized index represent-ing common stocks of smaller capitalized U.S. companies. The Russell 2000® Growth Index consists of those Russell 2000 securities with greater than average growth orientation and higher price-to-book ratios. The Russell 2000® Value Index consists of those Russell 2000 securities with greater than average value orientation and lower price-to-book ratios. The Russell 2000 Index consists of the Russell 2000 Value and Russell 2000 Growth indices.

Russell 2500TM Index is a widely recognized, unmanaged index representative of common stocks of small to mid-capitalization U.S. companies. The Russell 2500 Growth Index includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500 Value Index includes those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values.

Russell 3000® Index is a widely recognized index representing the 3000 largest U.S. companies based on market capitalization.

Russell Midcap® Index is a widely recognized index repre-senting common stocks of mid-capitalization U.S. compa-nies. The Russell Midcap® Growth Index consists of those Russell Midcap securities with greater than average growth orientation and higher price-to-book ratios. The Russell Midcap® Value Index consists of those Russell Midcap securities with greater than average value orientation and lower price-to-book ratios. The Russell Midcap Index consists of the Russell Midcap Growth and Russell Midcap Value indices.

S&P 500® Financials Index is a market capitalization-weighted index of companies involved in activities such as banking, consumer finance, investment banking and broker-age, asset management, insurance and investment and real estate, including REITs.

S&P 500® Index is a widely recognized, unmanaged index representative of common stocks of larger capitalized U.S. companies.

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S&P Developed Property Index is an unmanaged adjusted index which defines and measures the investable universe of publicly traded property companies domiciled in developed countries that derive more than half of their revenue from property-related activities, such as property ownership, management, development, rental and investment.

S&P Mid-Cap 400® Index started in 1991 and tracks a diverse basket of medium-sized U.S. firms. A mid-cap stock is broadly defined as a company with a market capitalization ranging from about $2 billion to $10 billion. This index consists of 400 equities. The stocks are chosen based on market capitalization, liquidity and industry representation. The index contains firms that are situated in size between the S&P 500 Index and the S&P SmallCap 600 Index.

S&P North American Technology Sector Index is a capitalization-weighted index considered representative of the technology industry.

S&P Smallcap 600® Index invests in Small Cap equities, which are generally defined as a stock with a market capi-talization between $300 million and $2 billion. The S&P SmallCap 600 Index consists of 600 Small Cap stocks.

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Fund Name Page #

MML Aggressive Allocation Fund 10

MML Balanced Allocation Fund 12

MML Conservative Allocation Fund 14

MML Growth Allocation Fund 16

MML Moderate Allocation Fund 18

MML Managed Bond Fund 20

Oppenheimer Core Bond Fund/VA 22

Oppenheimer Global Strategic Income Fund/VA 24

Oppenheimer Money Fund/VA 26

Oppenheimer Capital Income Fund/VA 28

American Century VP Income & Growth Fund 30

American Century VP Value Fund 32

Fidelity® VIP Contrafund® Portfolio 34

MFS® Growth Series 36

MFS® New Discovery Series 38

MFS® Research Series 40

MML Blue Chip Growth Fund 42

MML Equity Fund 44

MML Equity Index Fund 46

MML Small Cap Equity Fund 48

Oppenheimer Capital Appreciation Fund/VA 50

Oppenheimer Discovery Mid Cap Growth Fund/VA 52

Oppenheimer Main Street Fund®/VA 54

Oppenheimer Main Street Small Cap Fund®/VA 56

T. Rowe Price Mid-Cap Growth Portfolio 58

T. Rowe Price New America Growth Portfolio 60

MML Strategic Emerging Markets Fund 62

Oppenheimer Global Fund/VA 64

Oppenheimer International Growth Fund/VA 66

Index of Investment Funds

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MML Aggressive Allocation FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorNA

Portfolio ManagerStephen Brunette

Fund ObjectiveSeeks to achieve as high a total rate of returnon an annual basis as is considered consistentwith prudent investment risk and thepreservation of capital.

StrategyThe fund is a fund of funds and seeks toachieve its investment objective by investing ina combination of domestic and internationalmutual funds using an asset allocation strategy.The fund has an aggressive asset allocationstrategy with approximately 90% of its assetsinvested in equity funds and 10% invested infixed income funds, including money marketfunds.

Index*10% Barclays Capital US Aggregate (BarcapUS Agg®), 67.5% Russell 3000 (R3000®),22.5% MSCI AC World MSCI ACWIX xUS®

Morningstar Category (Peer Group)NA

Underlying Fund Inception8/31/2007

Date Added to Separate AccountNA

Gross Fund Expense1.04

Net Fund Expense1.04

8/0711/07

2/085/08

8/0811/08

2/095/09

8/0911/09

2/105/10

8/1011/10

2/115/11

8/1111/11

2/125/12

8/1211/12

2/135/13

8/1311/13

$5,000

$6,000$7,000

$8,000

$9,000

$10,000

$11,000

$12,000$13,000

$14,000

Growth of $10,000MML Aggressive Allocation Fund 10% Barcap US Agg®, 67.5% R3000®, 22.5% MSCI ACWI x US®

Underlying Fund Average Annual Total ReturnsReflects the deduction of total fund operating expenses, including any 12b-1fees.These returns do not reflect product charges.

Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YR

MML Aggressive Allocation Fund 7.75 27.39 27.39 13.11 17.62 --Barcap US Agg®, R3000®, MSCIACWI x US® 7.86 25.47 25.47 12.66 16.34 --

SinceInception

5.63

--

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MML Aggressive Allocation FundData as of: 12/31/2013

Underlying Fund AllocationEquity 89.42%Oppenheimer Global Securities Fund 2.20%Oppenheimer Small- & Mid-Cap Growth Fund 2.29%MML Small Mid Cap Value Fund 2.29%MML Small Cap Growth Equity Fund 2.90%MML Small Company Value Fund 3.08%MML Income & Growth Fund 3.65%MML Strategic Emerging Markets Fund 3.82%MML Global Fund 4.05%Oppenheimer International Growth Fund 4.13%MML Foreign Fund 4.76%MML Focused Equity Fund 5.82%MML Mid Cap Growth Fund 5.88%MML Mid Cap Value Fund 6.05%MML Fundamental Value Fund 6.44%MML Large Cap Growth Fund 7.07%MML Fundamental Growth Fund 7.15%MML Equity Income Fund 7.57%MML Blue Chip Growth Fund 10.30%

Fixed Income 10.58%MML Inflation-Protected and Income Fund 0.45%MML High Yield 0.66%MML Short-Duration Bond Fund 0.68%Oppenheimer Global Strategic Income Fund 1.13%MML PIMCO Total Return Fund 2.94%MML Managed Bond Fund 4.72%

Modern Portfolio Theory Risk StatisticsFund Index*

Annualized ReturnStandard DeviationBetaAlphaSharpe RatioR-Squared# Observations

13.11% 12.66%12.04% 11.75%

1.02 1.000.02% 0.00%1.08 1.07

98.58% 100.00%36-months 36-months

Fixed Income Fundamental CharacteristicsFund Index*

Weighted AverageCoupon -- --Maturity (life) 8.00 7.00Duration 4.91 5.36

Credit Quality BreakdownGovernment & Agency 0.00% 0.00%AAA 2.77% 2.70%AA 30.01% 73.25%A 10.70% 11.51%BBB 25.14% 10.30%BB 7.87% 0.31%B 5.25% 0.01%CCC and Below 2.59% 0.00%Cash and Equivalents 1.49% 0.00%Not Rated 3.32% 1.92%

Equity Fundamental CharacteristicsFund Index*

Market Capitalization $58,699 $81,700Price to Earnings 21.89 17.09Price to Book 3.02 2.36EPS 4.33 6.33Dividend Yield 1.39% 2.21%Hist 3Yr EPS Growth 17.88 14.44# of Securities 4,016 4,865

Risk Reward

11.65% 11.7% 11.75% 11.8% 11.85% 11.9% 11.95% 12% 12.05%Annualized Standard Deviation

12.5%12.6%12.7%12.8%12.9%

13%13.1%

Ann

ualiz

ed R

etur

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Trailing 36-Months

MML Aggressive Allocation Fund10% Barcap US Agg®, 67.5% R3000®, 22.5% MSCI ACWI x US®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• Funds offered in a fund-of-funds structure may have higher expenses than a direct investment in the underlying funds because a fund-of-fundsbears its own expenses and indirectly bears its proportionate share of expenses of the underlying funds in which it invests.• Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments incompanies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resourcesand less liquid stocks.• Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income andprincipal than are investments in investment grade debt securities.• There are special risks associated with international investing such as differences in accounting practices, political changes, and currencyfluctuations. These risks are heightened in emerging markets.

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MML Balanced Allocation FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorNA



StrategyThe fund is a fund of funds and seeks toachieve its investment objective by investing ina combination of domestic and internationalmutual funds using an asset allocation strategy.The fund has a balanced asset allocationstrategy with approximately half of its assetsinvested in equity funds and half of its assetsinvested in fixed income and money marketfunds.

Index*50% Barclays Capital US Aggregate (BarcapUS Agg®), 37.5% Russell 3000 (R3000®),12.5% (MSCI AC World) MSCI ACWI x US®






8/0711/07

2/085/08

8/0811/08

2/095/09

8/0911/09

2/105/10

8/1011/10

2/115/11

8/1111/11

2/125/12

8/1211/12

2/135/13

8/1311/13

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

Growth of $10,000MML Balanced Allocation Fund 50% Barcap US Agg®, 37.5% R3000®, 12.5% MSCI ACWI x US®



MML Balanced Allocation Fund 4.51 14.49 14.49 9.39 12.76 --Barcap US Agg®, R3000®, MSCIACWI x US® 4.25 12.54 12.54 8.72 11.34 --

SinceInception

5.60

--

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MML Balanced Allocation FundData as of: 12/31/2013

Underlying Fund AllocationEquity 50.85%Oppenheimer Small- & Mid-Cap Growth Fund 1.09%MML Small Mid Cap Value Fund 1.21%MML Small Cap Growth Equity Fund 1.41%MML Small Company Value Fund 1.54%Oppenheimer Global Securities Fund 2.16%MML Focused Equity Fund 2.32%MML Global Fund 2.47%MML Mid Cap Growth Fund 2.92%Oppenheimer International Growth Fund 3.04%MML Income & Growth Fund 3.11%MML Mid Cap Value Fund 3.11%MML Foreign Fund 3.39%MML Large Cap Growth Fund 3.70%MML Fundamental Growth Fund 3.86%MML Fundamental Value Fund 4.52%MML Blue Chip Growth Fund 5.48%MML Equity Income Fund 5.55%




9.39% 8.72%7.19% 6.42%1.11 1.00

-0.02% 0.00%1.30 1.35

98.15% 100.00%36-months 36-months






Risk Reward

6.2% 6.4% 6.6% 6.8% 7% 7.2%Annualized Standard Deviation

8.6%

8.8%

9%

9.2%

9.4%

Ann

ualiz

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etur

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Trailing 36-Months

MML Balanced Allocation Fund50% Barcap US Agg®, 37.5% R3000®, 12.5% MSCI ACWI x US®


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MML Conservative Allocation FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorNA



StrategyThe fund is a fund of funds and seeks toachieve its investment objective by investing ina combination of domestic and internationalmutual funds using an asset allocation strategy.The fund has a conservative asset allocationstrategy with approximately 40% of its assetsinvested in equity funds and 60% invested infixed income funds, including money marketfunds.

Index*60% Barclays Capital US Aggregate (BarcapUS Agg®), 30% Russell 3000 (R3000®), 10%MSCI AC World (MSCI ACWIXUS)®






8/0711/07

2/085/08

8/0811/08

2/095/09

8/0911/09

2/105/10

8/1011/10

2/115/11

8/1111/11

2/125/12

8/1211/12

2/135/13

8/1311/13

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

Growth of $10,000MML Conservative Allocation Fund 60% Barcap US Agg®, 30% R3000®, 10% MSCI ACWI X US®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YRMML Conservative AllocationFund 3.83 11.32 11.32 8.35 11.51 --Barcap US Agg®, R3000®, MSCIACWI X US® 3.36 9.49 9.49 7.67 10.02 --

SinceInception

5.84

--

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MML Conservative Allocation FundData as of: 12/31/2013

Underlying Fund AllocationFixed Income 59.14%MML Inflation-Protected and Income Fund 1.43%MML High Yield 4.75%MML Short-Duration Bond Fund 6.88%Oppenheimer Global Strategic Income Fund 6.93%MML PIMCO Total Return Fund 13.45%MML Managed Bond Fund 25.71%

Equity 40.86%Oppenheimer Small- & Mid-Cap Growth Fund 0.74%MML Small Mid Cap Value Fund 0.91%MML Small Cap Growth Equity Fund 1.06%MML Small Company Value Fund 1.34%Oppenheimer Global Securities Fund 1.45%MML Focused Equity Fund 1.56%MML Mid Cap Growth Fund 1.85%MML Global Fund 2.05%Oppenheimer International Growth Fund 2.23%MML Mid Cap Value Fund 2.35%MML Income & Growth Fund 2.79%MML Large Cap Growth Fund 2.90%MML Foreign Fund 2.95%MML Fundamental Growth Fund 3.11%MML Fundamental Value Fund 4.07%MML Blue Chip Growth Fund 4.45%MML Equity Income Fund 5.07%



8.35% 7.67%5.94% 5.18%1.13 1.00

-0.03% 0.00%1.39 1.47

97.61% 100.00%36-months 36-months






Risk Reward

5% 5.2% 5.4% 5.6% 5.8%Annualized Standard Deviation

7.4%

7.6%

7.8%

8%

8.2%

Ann

ualiz

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etur

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Trailing 36-Months

MML Conservative Allocation Fund60% Barcap US Agg®, 30% R3000®, 10% MSCI ACWI X US®


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MML Growth Allocation FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorNA



StrategyThe fund is a fund of funds and seeks toachieve its investment objective by investing ina combination of domestic and internationalmutual funds using an asset allocation strategy.The fund has an asset allocation strategy thatemphasizes the potential for growth withapproximately 75% of its assets invested inequity funds and 25% invested in fixed incomefunds, including money market funds.

Index*25% Barclays Capital US Aggregate (BarcapUS Agg®), 56.25% Russell 3000 (R3000®),18.75% MSCI AC World (MSCI ACWIX xUS)®






8/0711/07

2/085/08

8/0811/08

2/095/09

8/0911/09

2/105/10

8/1011/10

2/115/11

8/1111/11

2/125/12

8/1211/12

2/135/13

8/1311/13

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

Growth of $10,000MML Growth Allocation Fund 25% Barcap US Agg®, 56.25% R3000®, 18.75% MSCI ACWI X US®



MML Growth Allocation Fund 6.69 22.64 22.64 11.82 15.81 --Barcap US Agg®, R3000®, MSCIACWI X US® 6.50 20.48 20.48 11.23 14.53 --

SinceInception

5.67

--

16 of 68

MML Growth Allocation FundData as of: 12/31/2013

Underlying Fund AllocationEquity 75.31%Oppenheimer Small- & Mid-Cap Growth Fund 1.65%MML Small Mid Cap Value Fund 1.77%MML Small Cap Growth Equity Fund 2.23%Oppenheimer Global Securities Fund 2.30%MML Small Company Value Fund 2.45%MML Strategic Emerging Markets Fund 2.92%MML Income & Growth Fund 3.37%MML Global Fund 3.53%Oppenheimer International Growth Fund 3.57%MML Foreign Fund 4.14%MML Focused Equity Fund 4.72%MML Mid Cap Growth Fund 4.83%MML Mid Cap Value Fund 4.84%MML Fundamental Value Fund 5.45%MML Fundamental Growth Fund 6.05%MML Large Cap Growth Fund 6.12%MML Equity Income Fund 6.51%MML Blue Chip Growth Fund 8.85%




11.82% 11.23%10.19% 9.71%

1.04 1.000.01% 0.00%1.15 1.15

98.59% 100.00%36-months 36-months






Risk Reward

9.6% 9.7% 9.8% 9.9% 10% 10.1% 10.2%Annualized Standard Deviation

11%

11.2%

11.4%

11.6%

11.8%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Growth Allocation Fund25% Barcap US Agg®, 56.25% R3000®, 18.75% MSCI ACWI X US®


17 of 68

MML Moderate Allocation FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorNA



StrategyThe fund is a fund of funds and seeks toachieve its investment objective by investing ina combination of domestic and internationalmutual funds using an asset allocation strategy.The fund has a moderate asset allocationstrategy with approximately 60% of its assetsinvested in equity funds and 40% invested infixed income funds, including money marketfunds.

Index*40% Barclays Capital US Aggregate (BarcapUS Agg®), 45% Russell 3000 (R3000®), 15%MSCI AC World (MSCI ACWIXUS)®






8/0711/07

2/085/08

8/0811/08

2/095/09

8/0911/09

2/105/10

8/1011/10

2/115/11

8/1111/11

2/125/12

8/1211/12

2/135/13

8/1311/13

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

Growth of $10,000MML Moderate Allocation Fund 40% Barcap US Agg®, 45% R3000®, 15% MSCI ACWI x US®



MML Moderate Allocation Fund 5.31 17.57 17.57 10.35 13.94 --Barcap US Agg®, R3000®, MSCIACWI x US® 5.15 15.66 15.66 9.74 12.64 --

SinceInception

5.74

--

18 of 68

MML Moderate Allocation FundData as of: 12/31/2013

Underlying Fund AllocationEquity 60.61%Oppenheimer Small- & Mid-Cap Growth Fund 1.30%MML Small Mid Cap Value Fund 1.43%MML Small Cap Growth Equity Fund 1.68%Oppenheimer Global Securities Fund 1.92%MML Small Company Value Fund 2.01%MML Strategic Emerging Markets Fund 2.01%MML Global Fund 2.91%Oppenheimer International Growth Fund 3.04%MML Focused Equity Fund 3.18%MML Mid Cap Growth Fund 3.52%MML Foreign Fund 3.58%MML Income & Growth Fund 3.66%MML Mid Cap Value Fund 3.75%MML Large Cap Growth Fund 4.43%MML Fundamental Value Fund 4.73%MML Fundamental Growth Fund 4.76%MML Equity Income Fund 5.69%MML Blue Chip Growth Fund 7.01%




10.35% 9.74%8.37% 7.72%1.08 1.00

-0.01% 0.00%1.23 1.25

98.56% 100.00%36-months 36-months






Risk Reward

7.5% 7.6% 7.7% 7.8% 7.9% 8% 8.1% 8.2% 8.3% 8.4%Annualized Standard Deviation

9.6%

9.8%

10%

10.2%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Moderate Allocation Fund40% Barcap US Agg®, 45% R3000®, 15% MSCI ACWI x US®


19 of 68

MML Managed Bond FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorBabson Capital Management LLC

Portfolio ManagerWilliam Awad, David Nagle, Doug Trevallion,II, Charles Sanford

Fund ObjectiveSeeks to achieve as high a rate of total returnon an annual basis as is considered consistentwith the preservation of capital.

StrategyThe fund's subadviser, Babson Capital, selectsthe funds investments based on its analysis ofyield opportunities and risks of varioussecurities and market sectors. The managerintends for the fund's portfolio dollar-weightedaverage duration generally to match (within10%) the average duration of the Barclay'sCapital U.S. Aggregate Bond Index.

Index*Barclays US Aggregate®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000MML Managed Bond Fund Barclays US Aggregate®



MML Managed Bond Fund 0.01 -1.64 -1.64 3.74 5.65 4.86

Barclays US Aggregate® -0.14 -2.02 -2.02 3.26 4.44 4.55

SinceInception

7.89

--

20 of 68

MML Managed Bond FundData as of: 12/31/2013

Top 10 HoldingsBM1030618 IRS USD R V 03MLIBOR BV1030618CCPVAN... 13.95%SM1029933 IRS USD R F 3.01125 BM1029933CCPVAN... 7.73%Government Of The United States Of America 0.87... 7.71%2Y T-Note (CBT) Mar 14 7.20%FNMA TBA 3PCT JAN 30 SINGLE FA 5.29%FNCL 4 1/14 3.38%Government Of The United States Of America 2.5%... 2.72%GOVERNMENT NATL MTG ASSN 2.45%FNCI 2.5 1/14 1.76%GNMA I TBA JAN 30 SINGLE FAM 1.76%Total 53.95%

Sector WeightsFund Index*

ABS 4.68% 0.48%AGENCIES 0.00% 3.81%CMBS 5.29% 1.72%CONVERTIBLES 0.74% 0.00%CORPORATES 46.08% 28.62%MBS/CMO 28.86% 29.68%TREASURIES 13.73% 35.69%CASH & EQUIV 0.61% 0.00%






3.74% 3.26%2.75% 2.71%0.98 1.00

0.04% 0.00%1.33 1.18

93.38% 100.00%36-months 36-months

Risk Reward

-5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5%Annualized Standard Deviation

-5%-4%

-3%

-2%-1%

0%

1%2%

3%

4%

5%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Managed Bond Fund Barclays US Aggregate®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.

21 of 68

Oppenheimer Core Bond Fund/VAData as of: 12/31/2013

AdvisorOppenheimerFunds, Inc.

Sub-AdvisorNA

Portfolio ManagerKrishna Memani, Peter Strzalkowski

Fund ObjectiveSeeks total return.

StrategyThe fund's adviser, Oppenheimer, has anoverall strategy of building a broadlydiversified portfolio of corporate andgovernment bonds. In selecting investments theportfolio managers analyze the overallinvestment opportunities and risks in differentsectors of the debt securities markets byfocusing on business cycle analysis and therelative values between corporate andgovernment sectors.







6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000Oppenheimer Core Bond Fund/VA Barclays US Aggregate®



Oppenheimer Core Bond Fund 0.77 -0.10 -0.10 6.06 7.82 0.55


SinceInception

5.57

--

22 of 68

Oppenheimer Core Bond Fund/VAData as of: 12/31/2013

Top 10 HoldingsFNMA TBA JAN 30 SINGLE FAM 4.78%FNR 2003-28 KG 2.18%Ford Motor Credit Company Llc 5.875% 02-aug-2021 0.83%FNCI 3.5 1/14 0.73%Hsbc Finance Capital Trust Ix 5.911% 30-nov-2035 0.72%Santander Drive Auto Receivables Trust 2012-6 2... 0.69%FNMA TBA JAN 30 SINGLE FAM 0.67%Santander Drive Auto Receivables Trust 2012-5 3... 0.67%Federal Home Loan Mortgage Corporation 2.375% 1... 0.67%FNCI 4 1/14 0.65%Total 12.59%

Sector WeightsFund Index*

ABS 14.62% 0.48%AGENCIES 2.20% 3.81%CMBS 7.00% 1.72%CONVERTIBLES 0.00% 0.00%CORPORATES 43.20% 28.62%MBS/CMO 31.89% 29.68%TREASURIES 2.52% 35.69%CASH & EQUIV -7.18% 0.00%NON AGENCIES MBS 5.75% NA


Weighted AverageCoupon -- --Maturity (life) -- 7.00Duration 5.44 5.36

Credit Quality BreakdownGovernment & Agency 33.70% 0.00%AAA 1.90% 2.70%AA 5.70% 73.25%A 16.30% 11.51%BBB 33.50% 10.30%BB 8.10% 0.31%B 0.40% 0.01%CCC and Below 4.80% 0.00%Cash and Equivalents -7.18% 0.00%Not Rated 0.40% 1.92%



6.06% 3.26%3.11% 2.71%0.97 1.00

0.23% 0.00%1.92 1.18

71.30% 100.00%36-months 36-months

Risk Reward

-5% -4% -3% -2% -1% 0% 1% 2% 3% 4% 5%Annualized Standard Deviation

2.5%

3%

3.5%

4%

4.5%

5%

5.5%

6%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Core Bond Fund/VABarclays US Aggregate®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• Investments in below investment grade debt securities are generally subject to greater market fluctuations and risk of loss of income andprincipal than are investments in investment grade debt securities.• There are special risks associated with international investing such as differences in accounting practices, political changes, and currencyfluctuations. These risks are heightened in emerging markets.

23 of 68

Oppenheimer Global Strategic Income Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerArthur Steinmetz, Krishna Memani, Dr. SaraZervos, Jack Brown


StrategyThe fund's adviser, Oppenheimer, invests indebt securities of three market sectors: U.S.Government securities, foreign governmentsand companies and high yield securities of theU.S. and foreign companies. The managerfocuses on securities with high current incomeand evaluates market price movement andrelative values among the three sectors to seekoverall portfolio diversification.







6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

$22,000

$24,000

Growth of $10,000Oppenheimer Global Strategic Income Fund/VA Barclays US Aggregate®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YROppenheimer Global StrategicIncome Fund 1.32 -0.13 -0.13 4.57 9.33 5.83


SinceInception

6.38

--

24 of 68

Oppenheimer Global Strategic Income Fund/VAData as of: 12/31/2013

Top 10 HoldingsGovernment Of Indonesia 8.375% 15-mar-2024 31.10%Government Of Indonesia 9.0% 15-mar-2029 21.50%Government Of Indonesia 8.375% 15-mar-2034 11.60%Government Of Indonesia 7.0% 15-may-2022 4.81%Government Of Colombia 7.0% 04-may-2022 4.56%CITIGROUP FUNDING INC. 4.45%Government Of Indonesia 8.25% 15-jul-2021 3.58%HUNGARY T-BILLS 2.09%Empresas Publicas De Medellin Esp 8.375% 01-feb... 1.97%CITI COLTES TRS 1.62%Total 87.27%

Region WeightsFund

AMERICAS 69.61%EUROPE 17.57%ASIA PACIFIC 3.75%MIDDLE EAST 3.40%AFRICA 2.13%

Asset AllocationFund

Investment Grade 39.20%International Markets 15.71%High Yield 42.80%Cash/Other 2.29%






4.57% 3.26%5.71% 2.71%0.72 1.00

0.19% 0.00%0.79 1.18

11.67% 100.00%36-months 36-months

Risk Reward

2% 2.5% 3% 3.5% 4% 4.5% 5% 5.5%Annualized Standard Deviation

-5%-4%-3%-2%-1%0%1%2%3%4%5%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Global Strategic Income Fund/VABarclays US Aggregate®


25 of 68

Oppenheimer Money Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerChristopher Proctor

Fund ObjectiveSeeks income consistent with stability ofprincipal.

StrategyThe fund's adviser, Oppenheimer, invests in avariety of money market instruments to seekcurrent income. Money market instruments areshort-term, high-quality, dollar-denominateddebt instruments issued by the U.S.Government, domestic and foreign corporationsand financial institutions, and other entities.Money market instruments include bankobligations, repurchase agreements,commercial paper, and other short-termcorporate and governmental debt obligations.

Index*Barclays US Treasury Bellwethers (3 M)®






7-Day Yield0.01%

6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$10,000

$10,500

$11,000

$11,500

$12,000

$12,500

Growth of $10,000Oppenheimer Money Fund/VA Barclays US Treasury Bellwethers (3 M)®



Oppenheimer Money Fund 0.00 0.01 0.01 0.01 0.08 1.65Barclays US Treasury Bellwethers(3 M)® 0.01 0.08 0.08 0.11 0.14 1.71

SinceInception

3.96

--

• An investment in the Fund is neither insured nor guaranteed by the Federal DepositInsurance Corporation or any other government agency. Although the Fund seeks topreserve the value of your investment at $1 per share, it is possible to lose money byinvesting in the Fund.• The yield quotation more closely reflects the current earnings of the Fund than the total returnquotation. It is an annualized rate based on results over the last seven days of the period.• Although the Oppenheimer Money Fund commenced operations on April 3, 1985, theinformation necessary to calculate the returns is available only for the year 1987 andsubsequent periods.

26 of 68

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27 of 68

Oppenheimer Capital Income Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerMichelle Borre, Krishna Memani


StrategyThe fund's adviser, Oppenheimer, seeks itsinvestment objective by investing acrossdifferent asset classes (equity securities, fixedincome securities, and money marketinstruments). The fixed income portion of thefund's overall strategy is to build a broadlydiversified portfolio of corporate andgovernment bonds by focusing on businesscycle analysis and the relative values betweencorporate and government sectors. The equityportion of the fund employs fundamentalanalysis of a company's financial statementsand management structure, operations andproduct development, as well as the industry ofwhich the comapny is a part of. Worldwidetrends are also considered as companies may beselected that may benefit from these trends.

Index*65% Barclays Capital US Aggregate (BarcapUS Agg®), 35% Russell 3000 (R3000®)®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

$22,000

Growth of $10,000Oppenheimer Capital Income Fund/VA 60% Barcap US Agg®, 30% R3000®®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YROppenheimer Capital IncomeFund/VA 3.90 13.17 13.17 8.59 12.00 2.77

Barcap US Agg®, R3000®® 3.37 9.38 9.38 8.07 9.82 6.30

SinceInception

7.26

--

28 of 68

Oppenheimer Capital Income Fund/VAData as of: 12/31/2013

Top 5 Equity / Top 5 Fixed HoldingsEquity

Apple Inc. 0.02%Google Inc. Class A 0.02%Pfizer Inc. 0.02%Discover Financial Services 0.02%Chevron Corporation 0.02%

Total 0.10%Fixed Income

FNMA TBA JAN 30 SINGLE FAM 5.28%FNMA TBA JAN 30 SINGLE FAM 2.07%FNR 2009-70 TL 1.40%FHR 4221 HJ 0.95%Hsbc Finance Capital Trust Ix 5.911% 30-nov-2035 0.83%

Total 10.52%

Portfolio CompositionFixed Income 99.16%

% Int'l 62.99%Domestic 36.17%

Equity 0.70%Domestic 0.66%% Int'l 0.04%

Cash 0.14%



8.59% 8.07%7.33% 4.28%1.58 1.00

-0.33% 0.00%1.16 1.87

85.70% 100.00%36-months 36-months





Market Capitalization $77,289 $97,129Price to Earnings 19.19 18.66Price to Book 2.48 2.59EPS 5.41 5.08Dividend Yield 1.48% 1.77%Hist 3Yr EPS Growth 21.76 19.42# of Securities 619 3,020

Risk Reward

3.5% 4% 4.5% 5% 5.5% 6% 6.5% 7% 7.5%Annualized Standard Deviation

7.9%

8%

8.1%

8.2%

8.3%

8.4%

8.5%

8.6%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Capital Income Fund/VA60% Barcap US Agg®, 30% R3000®®


29 of 68

American Century VP Income & Growth FundData as of: 12/31/2013

AdvisorAmerican Century Investment Management,Inc.

Sub-AdvisorNA

Portfolio ManagerBrian Garbe, Claudia Musat

Fund ObjectiveSeeks capital growth. Income is a secondaryobjective.

StrategyThe fund's adviser, American Century, usesquantitative management techniques in a two-step process. In the first step, the portfoliomanagers rank stocks determined by using aquantitative model that combines measures of astock's value, as well as measures of its growthpotential. In the second step, the portfolio isoptimized to provide a balance between riskand expected return.

Index*Russell 1000 Value®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

$22,000

Growth of $10,000American Century VP Income & Growth Fund Russell 1000 Value - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YRAmerican Century VP Income &Growth Fund 11.28 35.82 35.82 17.13 16.72 6.96Russell 1000 Value - TotalReturn® 10.01 32.53 32.53 16.06 16.67 7.58

SinceInception

6.34

--

30 of 68

American Century VP Income & Growth FundData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

17.13% 16.06%

12.38% 12.70%

0.96 1.00

0.13% 0.00%

1.38 1.26

96.17% 100.00%

36-months 36-months

Risk Reward

12.4% 12.5% 12.6% 12.7% 12.8%Annualized Standard Deviation

15.8%

16%

16.2%

16.4%

16.6%

16.8%

17%

17.2%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

American Century VP Income & Growth FundRussell 1000 Value - Total Return®


31 of 68

American Century VP Value FundData as of: 12/31/2013

AdvisorAmerican Century Investment Management,Inc.

Sub-AdvisorNA

Portfolio ManagerPhillip Davidson, Michael Liss, Kevin Toney,Chad Baumler

Fund ObjectiveSeeks long-term capital growth. Income is asecondary objective.

StrategyThe fund's adviser, American Century, uses avalue investment strategy that looks forcompanies that are temporarily out of favor inthe market. Companies may be undervalueddue to market declines, poor economicconditions, actual or anticipated bad newsregarding the issuer or its industry, or becausethey have been overlooked by the market. Toidentify these companies, the portfoliomanagers look for companies with earnings,cash flows and/or assets that may not bereflected accurately in the companies' stockprices or may be outside the companies'historical ranges.







6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000$8,000

$10,000$12,000

$14,000

$16,000$18,000

$20,000$22,000

$24,000

$26,000

Growth of $10,000American Century VP Value Fund Russell 1000 Value - Total Return®



American Century VP Value Fund 8.96 31.73 31.73 15.09 15.69 7.45Russell 1000 Value - TotalReturn® 10.01 32.53 32.53 16.06 16.67 7.58

SinceInception

8.93

--

32 of 68

American Century VP Value FundData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

15.09% 16.06%

11.51% 12.70%

0.90 1.00

0.05% 0.00%

1.31 1.26

98.47% 100.00%

36-months 36-months

Risk Reward

11.6% 11.8% 12% 12.2% 12.4% 12.6% 12.8% 13%Annualized Standard Deviation

15.2%

15.4%

15.6%

15.8%

16%

16.2%

16.4%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

American Century VP Value FundRussell 1000 Value - Total Return®


33 of 68

Fidelity VIP Contrafund PortfolioData as of: 12/31/2013

AdvisorFidelity Management & Research Company

Sub-AdvisorFMR Co., Inc.

Portfolio ManagerRobert Stansky

Fund ObjectiveSeeks long-term capital appreciation.

StrategyThe fund's adviser, Fidelity, seeks companieswhose value is not fully recognized. Thesecompanies may exhibit a positive fundamentalchange, an increase in earnings potential,market popularity that may have temporarilyfallen out of favor and are undervalued relativeto securities of other companies. Fidelity tendsto purchase a combination of both growth andvalue stocks.

Index*S&P 500®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

Growth of $10,000Fidelity VIP Contrafund Portfolio S&P 500 - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YRFidelity® VIP Contrafund®Portfolio 10.13 31.14 31.14 14.09 18.73 9.12

S&P 500 - Total Return® 10.51 32.39 32.39 16.18 17.94 7.41

SinceInception

11.35

--

34 of 68

Fidelity VIP Contrafund PortfolioData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

14.09% 16.18%

12.71% 11.94%

1.05 1.00

-0.22% 0.00%

1.10 1.35

97.97% 100.00%

36-months 36-months

Risk Reward

11.8% 12% 12.2% 12.4% 12.6%Annualized Standard Deviation

14%

14.5%

15%

15.5%

16%

16.5%

17%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Fidelity VIP Contrafund Portfolio S&P 500 - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• There are special risks associated with international investing such as differences in accounting practices, political changes, and currencyfluctuations. These risks are heightened in emerging markets.• The fund established a new class of shares, which is available with this policy, after it began its initial investment operations. The performancefor the period prior to offering the new class shows the historical returns for the original class of shares, which were not subject to a 12b-1 fee.The performance shown from the inception date of the class available with this policy includes the fees and expenses of that share class,including a 12b-1 fee. A 12b-1 fee reduces a funds performance.• Fidelity, Fidelity Investments & Pyramid Design and Contrafund are registered service marks of FMR Corporation.

35 of 68

MFS Growth SeriesData as of: 12/31/2013

AdvisorMassachusetts Financial Services Company

Sub-AdvisorNA

Portfolio ManagerEric Fischman

Fund ObjectiveSeeks capital appreciation.

StrategyThe fund's adviser, MFS, uses a bottom-upinvestment approach selecting securities basedon fundamental analysis of individual issuersand their potential in light of their currentfinancial condition, market, economic, politicaland regulatory conditions.

Index*Russell 1000 Growth®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000MFS Growth Series Russell 1000 Growth - Total Return®



MFS® Growth Series Fund 10.93 36.85 36.85 16.99 20.52 9.88Russell 1000 Growth - TotalReturn® 10.44 33.48 33.48 16.45 20.39 7.83

SinceInception

8.75

--

36 of 68

MFS Growth SeriesData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

16.99% 16.45%

12.50% 12.18%

1.00 1.00

0.04% 0.00%

1.35 1.35

95.22% 100.00%

36-months 36-months

Risk Reward


16.3%

16.4%

16.5%

16.6%

16.7%

16.8%

16.9%

17%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MFS Growth Series Russell 1000 Growth - Total Return®


37 of 68

MFS New Discovery SeriesData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerThomas Wetherald









6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

Growth of $10,000MFS New Discovery Series Russell 2000 Growth - Total Return®



MFS® New Discovery Series Fund 7.82 41.52 41.52 15.47 27.92 10.46Russell 2000 Growth - TotalReturn® 8.17 43.30 43.30 16.82 22.58 9.41

SinceInception

9.38

--

38 of 68

MFS New Discovery SeriesData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

15.47% 16.82%

18.32% 17.27%

1.01 1.00

-0.10% 0.00%

0.84 0.97

90.62% 100.00%

36-months 36-months

Risk Reward

17% 17.2% 17.4% 17.6% 17.8% 18% 18.2%Annualized Standard Deviation

15.4%15.6%15.8%

16%16.2%16.4%16.6%16.8%

17%17.2%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MFS New Discovery SeriesRussell 2000 Growth - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• Investments in companies with small market capitalizations (small caps) may be subject to greater price volatility than investments incompanies with larger capitalizations because small caps are generally subject to special risks such as narrower markets, less financial resourcesand less liquid stocks.

39 of 68

MFS Research SeriesData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerJoseph MacDougall



Index*S&P 500®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000MFS Research Series S&P 500 - Total Return®



MFS® Research Series Fund 10.03 32.28 32.28 15.59 18.50 8.84

S&P 500 - Total Return® 10.51 32.39 32.39 16.18 17.94 7.41

SinceInception

7.94

--

40 of 68

MFS Research SeriesData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

15.59% 16.18%

12.50% 11.94%

1.04 1.00

-0.08% 0.00%

1.24 1.35

97.88% 100.00%

36-months 36-months

Risk Reward

11.8% 11.9% 12% 12.1% 12.2% 12.3% 12.4% 12.5%Annualized Standard Deviation

15.6%

15.7%

15.8%

15.9%

16%

16.1%

16.2%

16.3%

16.4%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MFS Research Series S&P 500 - Total Return®


41 of 68

MML Blue Chip Growth FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorT. Rowe Price Associates, Inc.

Portfolio ManagerLarry Puglia

Fund ObjectiveSeeks long-term capital growth. Income is asecondary objective.

StrategyThe fund's subadviser, T. Rowe Price, seeks toidentify companies with a leading marketposition, seasoned management and strongfinancial fundamentals. T. Rowe Price believesthat solid company fundamentals (with anemphasis on strong growth in earnings pershare or operating cash flow) combined with apositive industry outlook may potentiallyreward investors with strong investmentperformance. It is anticipated that some of thecompanies targeted will have good prospectsfor dividend growth.







5/068/06

11/062/07

5/078/07

11/072/08

5/088/08

11/082/09

5/098/09

11/092/10

5/108/10

11/102/11

5/118/11

11/112/12

5/128/12

11/122/13

5/138/13

11/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000MML Blue Chip Growth Fund Russell 1000 Growth - Total Return®



MML Blue Chip Growth Fund 12.74 41.33 41.33 19.23 22.90 --Russell 1000 Growth - TotalReturn® 10.44 33.48 33.48 16.45 20.39 --

SinceInception

8.93

--

42 of 68

MML Blue Chip Growth FundData as of: 12/31/2013

Top 10 HoldingsGoogle Inc. Class A 5.83%Amazon.com, Inc. 5.25%MasterCard Incorporated Class A 3.41%priceline.com Incorporated 3.29%Gilead Sciences, Inc. 3.20%Danaher Corporation 2.77%Precision Castparts Corp. 2.17%McKesson Corporation 2.17%Visa Inc. Class A 2.14%Biogen Idec Inc. 2.06%Total 32.30%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%

30.0

0%

ConsumerDiscretionary

ConsumerStaples

Energy

Financials

HealthCare

Industrials

InformationTechnology

Materials

TelecommunicationServices

Utilities

Cash

MML Blue Chip Growth Fund Russell 1000 Growth


Market Capitalization $82,311 $97,522Price to Earnings 28.76 21.25Price to Book 5.16 4.86EPS 7.23 6.39Dividend Yield 0.63% 1.47%Hist 3Yr EPS Growth 25.08 20.56# of Securities 143 625



19.23% 16.45%14.09% 12.18%

1.13 1.000.04% 0.00%1.36 1.35

95.58% 100.00%36-months 36-months

Risk Reward

11.5% 12% 12.5% 13% 13.5% 14%Annualized Standard Deviation

15.5%

16%

16.5%

17%

17.5%

18%

18.5%

19%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Blue Chip Growth FundRussell 1000 Growth - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. RowePrice Group, Inc. in the U.S. and other countries.

43 of 68

MML Equity FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorOppenheimerFunds, Inc. and Loomis, Sayles &Company, L.P.

Portfolio ManagerOppenheimer: Laton Spahr Loomis Sayles:Warren Koontz, Jr., Arthur Barry

Fund ObjectiveSeeks to achieve a superior total rate of returnover an extended period of time from bothcapital appreciation and current income.

StrategyThe fund is managed by two subadvisers,OppenheimerFunds and Loomis Sayles. Eachsubadviser employs a bottom-up, value-basedinvestment approach in selecting securities forthe Fund. Oppenheimer seeks out companiesbased on factors such as supply/demand,product cycles, quality of management,competitive position, cash reinvestment plans,and better-than-expected earnings reports andattractive valuations. Loomis Sayles looks forattractively valued companies based on itsestimate of intrinsic value.







6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

$22,000

Growth of $10,000MML Equity Fund Russell 1000 Value - Total Return®



MML Equity Fund 9.88 33.27 33.27 14.18 17.43 6.70Russell 1000 Value - TotalReturn® 10.01 32.53 32.53 16.06 16.67 7.58

SinceInception

10.40

--

44 of 68

MML Equity FundData as of: 12/31/2013

Top 10 HoldingsGeneral Electric Company 2.72%Citigroup Inc. 2.67%Apple Inc. 1.75%Sanofi Sponsored ADR 1.66%Eaton Corp. Plc 1.64%MetLife, Inc. 1.56%JPMorgan Chase & Co. 1.50%American International Group, Inc. 1.50%Merck & Co., Inc. 1.47%UnitedHealth Group Incorporated 1.35%Total 17.83%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%

30.0

0%

35.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

MML Equity Fund Russell 1000 Value





14.18% 16.06%13.15% 12.70%

1.02 1.00-0.16% 0.00%

1.07 1.2697.81% 100.00%

36-months 36-months

Risk Reward

12.6% 12.7% 12.8% 12.9% 13% 13.1%Annualized Standard Deviation

14.5%

15%

15.5%

16%

16.5%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Equity Fund Russell 1000 Value - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• Although the MML Equity Fund commenced operations on September 15, 1971, the information necessary to calculate returns is availableonly for 1974 and later years.

45 of 68

MML Equity Index FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorNorthern Trust Investments, N.A.

Portfolio ManagerBrent Reeder

Fund ObjectiveSeeks investment results that correspond to theprice and yield performance of publicly tradedcommon stocks in the aggregate, as representedby the S&P 500 Index.

StrategyThe fund's subadviser, Northern Trust, attemptsto maximize the fund's liquidity and returnswhile minimzing its costs.

Index*S&P 500®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000MML Equity Index Fund S&P 500 - Total Return®



MML Equity Index Fund 10.43 32.02 32.02 15.87 17.66 7.15

S&P 500 - Total Return® 10.51 32.39 32.39 16.18 17.94 7.41

SinceInception

6.78

--

46 of 68

MML Equity Index FundData as of: 12/31/2013

Top 10 HoldingsApple Inc. 2.91%eMini S&P 500 (CME) Mar 14 2.55%Exxon Mobil Corporation 2.55%Google Inc. Class A 1.81%Microsoft Corporation 1.64%General Electric Company 1.63%Johnson & Johnson 1.49%Chevron Corporation 1.38%The Procter & Gamble Company 1.28%JPMorgan Chase & Co. 1.27%Total 18.50%

Sector Weights

.00%

2.00

%

4.00

%

6.00

%

8.00

%

10.0

0%

12.0

0%

14.0

0%

16.0

0%

18.0

0%

20.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

MML Equity Index Fund S&P 500





15.87% 16.18%11.93% 11.94%

1.00 1.00-0.02% 0.00%

1.32 1.35100.00% 100.00%

36-months 36-months

Risk Reward


15.85%

15.9%

15.95%

16%

16.05%

16.1%

16.15%

16.2%

16.25%

16.3%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Equity Index Fund S&P 500 - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• The fund established a new class of shares, which is available with this policy, after it began its initial investment operations. The performancefor the period prior to May 1, 2000 shows the historical returns for Class I shares. Performance for periods after May 1, 2000 shows thehistorical returns for the share class available with this policy and reflects the fees and expenses of that share class.

47 of 68

MML Small Cap Equity FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorOppenheimerFunds, Inc.

Portfolio ManagerMatthew Ziehl, Raman Vardharaj, RaymondAnello, Joy Budzinski, Kristin Ketner Pak,Magnus Krantz, Adam Weiner


StrategyThe fund's subadviser, OppenheimerFunds,typically uses fundamental research in theselection of securities, which is comprised ofboth growth and value stocks. Oppenheimeruses a fundamental approach in analyzingissuers based on factors such as a company'sfinancial performance, competitive strength,position in the industry, and strength ofbusiness model and management. Also inconsideration is an industry's outlook, markettrends and general economic conditions.

Index*Russell 2000®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

Growth of $10,000MML Small Cap Equity Fund Russell 2000 - Total Return®



MML Small Cap Equity Fund 6.71 41.02 41.02 17.76 22.44 7.98

Russell 2000 - Total Return® 8.72 38.82 38.82 15.67 20.08 9.07

SinceInception

5.97

--

48 of 68

MML Small Cap Equity FundData as of: 12/31/2013

Top 10 HoldingsLaSalle Hotel Properties 2.40%WellCare Health Plans, Inc. 2.24%Robert Half International Inc. 2.23%Dana Holding Corporation 2.23%KAR Auction Services, Inc. 2.08%Finisar Corporation 1.95%Korn/Ferry International 1.90%Home Loan Servicing Solutions, Ltd. 1.88%EPL Oil & Gas, Inc. 1.78%Santarus, Inc. 1.66%Total 20.36%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

MML Small Cap Equity Fund Russell 2000





17.76% 15.67%16.10% 16.45%

0.96 1.000.20% 0.00%1.10 0.95

95.76% 100.00%36-months 36-months

Risk Reward


15%

15.5%

16%

16.5%

17%

17.5%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Small Cap Equity Fund Russell 2000 - Total Return®


49 of 68

Oppenheimer Capital Appreciation Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerMichael Kotlarz


StrategyThe fund's adviser, Oppenheimer, seeks broaddiversification across market sectors andindustries investing in growth companies forreasonable prices that exhibit above-averagegrowth potential, have sustainable growth rates,and have reasonable valuations.







6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000Oppenheimer Capital Appreciation Fund/VA Russell 1000 Growth - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YROppenheimer Capital AppreciationFund 10.82 29.74 29.74 13.54 18.27 5.73Russell 1000 Growth - TotalReturn® 10.44 33.48 33.48 16.45 20.39 7.83

SinceInception

10.11

--

50 of 68

Oppenheimer Capital Appreciation Fund/VAData as of: 12/31/2013

Top 10 HoldingsApple Inc. 6.43%Google Inc. Class A 4.24%Biogen Idec Inc. 3.39%Facebook, Inc. Class A 3.20%Gilead Sciences, Inc. 3.07%The Walt Disney Company 2.93%MasterCard Incorporated Class A 2.45%Celgene Corporation 2.22%Amazon.com, Inc. 2.18%Twenty-First Century Fox, Inc. Class B 2.17%Total 32.29%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%

30.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

Cash

Oppenheimer Capital Appreciation Fund/VARussell 1000 Growth





13.54% 16.45%12.88% 12.18%

1.05 1.00-0.27% 0.00%

1.05 1.3598.08% 100.00%

36-months 36-months

Risk Reward

12% 12.2% 12.4% 12.6% 12.8%Annualized Standard Deviation

13.5%

14%

14.5%

15%

15.5%

16%

16.5%

17%

17.5%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Capital Appreciation Fund/VARussell 1000 Growth - Total Return®


51 of 68

Oppenheimer Discovery Mid Cap Growth Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerRonald Zibelli, Jr.


StrategyThe fund's adviser, Oppenheimer, looks forcompanies that have a high growth potentialusing a bottom-up selection process. Thefundamental analysis includes a focus onfinancial statements, management structure,operations, product development and industryposition. The manager focuses on high-growthcompanies that are characterized by industryleadership, market share growth, high calibermanagement teams, sustainable competitiveadvantages, and strong growth themes or newinnovative products or services.

Index*Russell Midcap Growth®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

Growth of $10,000Oppenheimer Discovery Mid Cap Growth Fund/VA Russell Midcap Growth - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YROppenheimer Discovery Mid CapGrowth Fund/VA 7.49 35.98 35.98 16.98 22.03 7.34Russell Midcap Growth - TotalReturn® 8.23 35.74 35.74 15.63 23.37 9.77

SinceInception

9.40

--

52 of 68

Oppenheimer Discovery Mid Cap Growth Fund/VAData as of: 12/31/2013

Top 10 HoldingsTractor Supply Company 2.20%Affiliated Managers Group, Inc. 1.89%Linkedin Corporation Class A 1.88%CoStar Group, Inc. 1.71%B/E Aerospace Inc. 1.56%Westinghouse Air Brake Technologies Corpora... 1.50%Actavis Plc 1.49%Under Armour, Inc. Class A 1.47%Hexcel Corporation 1.46%Kansas City Southern 1.45%Total 16.61%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%

30.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

Cash

Oppenheimer Discovery Mid Cap Growth Fund/VARussell Midcap Growth





16.98% 15.63%14.43% 14.62%

0.94 1.000.18% 0.00%1.17 1.06

90.51% 100.00%36-months 36-months

Risk Reward


15.2%15.4%15.6%15.8%

16%16.2%16.4%16.6%16.8%

17%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Discovery Mid Cap Growth Fund/VARussell Midcap Growth - Total Return®


53 of 68

Oppenheimer Main Street Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerMani Govil, Benjamin Ram


StrategyThe fund's adviser, Oppenheimer, invests incompanies based on in-depth fundamentalresearch, supported by quantitative screening.The portfolio is comprised of stocks that areattractively priced relative to a company'sunderlying prospects. The screening uses astock scoring model to rank stocks based onexpectation of alpha while fundamentalresearch focuses on industry competitiveanalysis, position in the value chain, barriers toentry and regulatory changes.

Index*S&P 500®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

Growth of $10,000Oppenheimer Main Street Fund/VA S&P 500 - Total Return®



Oppenheimer Main Street Fund® 10.62 31.77 31.77 15.48 18.06 7.00

S&P 500 - Total Return® 10.51 32.39 32.39 16.18 17.94 7.41

SinceInception

8.66

--

54 of 68

Oppenheimer Main Street Fund/VAData as of: 12/31/2013

Top 10 HoldingsApple Inc. 4.55%JPMorgan Chase & Co. 4.54%Chevron Corporation 3.76%Google Inc. Class A 3.67%Express Scripts Holding Company 3.37%National Oilwell Varco, Inc. 3.34%Discover Financial Services 3.30%Philip Morris International Inc. 3.27%AutoZone, Inc. 3.18%McGraw Hill Financial, Inc. 2.85%Total 35.84%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

Cash

Oppenheimer Main Street Fund/VA S&P 500





15.48% 16.18%11.88% 11.94%

0.97 1.00-0.01% 0.00%

1.30 1.3595.21% 100.00%

36-months 36-months

Risk Reward

11.88% 11.89% 11.9% 11.91% 11.92% 11.93% 11.94% 11.95%Annualized Standard Deviation

15.6%

15.8%

16%

16.2%

16.4%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Main Street Fund/VAS&P 500 - Total Return®


55 of 68

Oppenheimer Main Street Small Cap Fund®/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerMatthew Ziehl, Raman Vardharaj, RaymondAnello, Joy Budzinski, Kristin Ketner Pak,Magnus Krantz, Adam Weiner


StrategyThe fund's subadviser, OppenheimerFunds,typically uses fundamental research andquantitative models in the selection ofsecurities, which is comprised of both growthand value stocks. First, Oppenheimer uses afundamental approach in analyzing issuersbased on factors such as a company's financialperformance and prospects, position in theindustry, and strength of business model andmanagement. Secondly, Oppenheimer usesquantitative models to rank securities withineach sector. A number of company-specificfactors are analyzed in constructing the models,including valuation, fundamentals andmomentum.

Index*Russell 2000®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

Growth of $10,000Oppenheimer Main Street Small Cap Fund®/VA Russell 2000 - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YROppenheimer Main Street SmallCap Fund 6.84 41.01 41.01 17.61 22.47 9.83

Russell 2000 - Total Return® 8.72 38.82 38.82 15.67 20.08 9.07

SinceInception

8.43

--

56 of 68

Oppenheimer Main Street Small Cap Fund®/VAData as of: 12/31/2013

Top 10 HoldingsOPPENHEIMER INSTITUTIONAL MONEOPPENHEIMER ... 3.00%LaSalle Hotel Properties 2.41%Robert Half International Inc. 2.26%WellCare Health Plans, Inc. 2.25%Dana Holding Corporation 2.24%KAR Auction Services, Inc. 2.09%Finisar Corporation 1.95%Korn/Ferry International 1.91%Home Loan Servicing Solutions, Ltd. 1.89%EPL Oil & Gas, Inc. 1.79%Total 21.79%

Sector Weights

.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%


ConsumerStaples

Energy

Financials

HealthCare

Industrials


Materials


Utilities

Cash

Oppenheimer Main Street Small Cap Fund®/VARussell 2000





17.61% 15.67%16.06% 16.45%

0.96 1.000.19% 0.00%1.09 0.95

95.89% 100.00%36-months 36-months

Risk Reward

16.1% 16.2% 16.3% 16.4% 16.5% 16.6%Annualized Standard Deviation

15%

15.5%

16%

16.5%

17%

17.5%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Main Street Small Cap Fund®/VARussell 2000 - Total Return®


57 of 68

T. Rowe Price Mid-Cap Growth PortfolioData as of: 12/31/2013

AdvisorT. Rowe Price Associates, Inc.

Sub-AdvisorNA

Portfolio ManagerBrian Berghuis

Fund ObjectiveSeeks long-term capital appreciation.

StrategyThe fund's subadviser, T. Rowe Price, uses agrowth approach, seeking to identifycompanies that it believes have provenproducts or services, a record of above-averageearnings growth, demonstrated potential tosustain earnings growth, stock prices thatappear to undervalue their growth prospects, ora connection to industries experiencingincreasing demand.

Index*Russell Midcap Growth®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

Growth of $10,000T. Rowe Price Mid-Cap Growth Portfolio Russell Midcap Growth - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YRT. Rowe Price Mid-Cap GrowthPortfolio 7.75 36.69 36.69 15.41 23.46 11.39Russell Midcap Growth - TotalReturn® 8.23 35.74 35.74 15.63 23.37 9.77

SinceInception

11.24

--

58 of 68

T. Rowe Price Mid-Cap Growth PortfolioData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

15.41% 15.63%

13.80% 14.62%

0.93 1.00

0.06% 0.00%

1.11 1.06

97.95% 100.00%

36-months 36-months

Risk Reward

13.8% 14% 14.2% 14.4% 14.6% 14.8%Annualized Standard Deviation

15.4%

15.45%

15.5%

15.55%

15.6%

15.65%

15.7%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

T. Rowe Price Mid-Cap Growth PortfolioRussell Midcap Growth - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• The T. Rowe Price Mid-Cap Growth Portfolio is not available as an investment choice for policies issued on May 1, 2004 or later.• T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. RowePrice Group, Inc. in the U.S. and other countries.

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T. Rowe Price New America Growth PortfolioData as of: 12/31/2013

AdvisorT. Rowe Price Associates, Inc.

Sub-AdvisorNA

Portfolio ManagerJoseph Milano

Fund ObjectiveSeeks long-term capital growth.

StrategyThe fund's adviser, T. Rowe Price, invests inU.S. companies operating in those sectors ofthe economy that in their view are the fastestgrowing or have the greatest growth potential.Holdings range from large-cap to small-capcompanies and exhibit characteristics such as:earnings growth rates exceeding the averagecompany in the S&P 500 Index, favorablecompany fundamentsals and effectivemanagement.







6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

$22,000

Growth of $10,000T. Rowe Price New America Growth Portfolio Russell 1000 Growth - Total Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YRT. Rowe Price New AmericaGrowth Portfolio 11.26 38.01 38.01 15.59 22.58 9.23Russell 1000 Growth - TotalReturn® 10.44 33.48 33.48 16.45 20.39 7.83

SinceInception

8.98

--

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T. Rowe Price New America Growth PortfolioData as of: 12/31/2013


Annualized Return

Standard Deviation

Beta

Alpha

Sharpe Ratio

R-Squared

# Observations

15.59% 16.45%

13.08% 12.18%

1.04 1.00

-0.11% 0.00%

1.19 1.35

94.14% 100.00%

36-months 36-months

Risk Reward

12% 12.2% 12.4% 12.6% 12.8% 13%Annualized Standard Deviation

15.6%

15.8%

16%

16.2%

16.4%

16.6%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

T. Rowe Price New America Growth PortfolioRussell 1000 Growth - Total Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• T. Rowe Price, Invest With Confidence, the Big Horn Sheep and the logo they compose are trademarks or registered trademarks of T. RowePrice Group, Inc. in the U.S. and other countries.

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MML Strategic Emerging Markets FundData as of: 12/31/2013

AdvisorMassMutual

Sub-AdvisorOppenheimerFunds, Inc.

Portfolio ManagerJustin Leverenz

Fund ObjectiveSeeks long-term capital growth.

StrategyThe fund's subadviser, Oppenheimer, employsfundamental analysis on a company-by-company basis, seeking to identify newer orestablished businesses that are entering into agrowth cycle, have the potential foraccelerating earnings growth or cash flow andpossess reasonable valuations.

Index*MSCI Emerging Markets®






8/0811/08

2/095/09

8/0911/09

2/105/10

8/1011/10

2/115/11

8/1111/11

2/125/12

8/1211/12

2/135/13

8/1311/13

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

Growth of $10,000MML Strategic Emerging Markets Fund MSCI EMF (Emerging Markets ) - Net Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YRMML Strategic Emerging MarketsFund 2.61 -6.42 -6.42 -5.44 12.31 --MSCI EMF (Emerging Markets ) -Net Return® 1.83 -2.60 -2.60 -2.06 14.79 --

SinceInception

3.16

--

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MML Strategic Emerging Markets FundData as of: 12/31/2013

Top 10 HoldingsBaidu, Inc. Sponsored ADR Class A 5.23%Tencent Holdings Ltd. 3.09%Novatek OAO Sponsored GDR RegS 2.43%Yandex NV Class A 2.20%Infosys Limited 2.07%Housing Development Finance Corporation Lim... 2.05%Taiwan Semiconductor Manufacturing Co., Ltd. 1.92%Magnit JSC 1.88%America Movil SAB de CV Sponsored ADR Class L 1.87%Carlsberg A/S Class B 1.87%Total 24.62%

Top 5 Country Weights

6.00

%

7.00

%

8.00

%

9.00

%

10.0

0%

11.0

0%

12.0

0%

13.0

0%

14.0

0%

15.0

0%

16.0

0%

China

India

Brazil

UnitedKingdom

Russia

Fund

Sector WeightsPort. Weight Ind. Weight

Consumer Discretionary 13.84% 8.89%Consumer Staples 19.31% 8.60%Energy 9.67% 11.26%Financials 16.49% 26.67%Health Care 2.69% 1.67%Industrials 5.57% 6.49%Information Technology 17.11% 16.00%Materials 5.09% 9.68%Telecommunication Services 2.94% 7.38%Utilities -- 3.36%[Cash] 7.28% --Total 100.00% 100.00%





-5.44% -2.06%19.67% 19.04%

1.00 1.00-0.28% 0.00%-0.28 -0.11

94.36% 100.00%36-months 36-months

Risk Reward

18.8% 19% 19.2% 19.4% 19.6%Annualized Standard Deviation

-5.5%-5%

-4.5%-4%

-3.5%-3%

-2.5%-2%

-1.5%-1%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

MML Strategic Emerging Markets FundMSCI EMF (Emerging Markets ) - Net Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• There are special risks associated with international investing such as differences in accounting practices, political changes, and currencyfluctuations. These risks are heightened in emerging markets.• The fund established a new class of shares, which is available with this policy, after it began its initial investment operations. The performancefor the period prior to May 1, 2009 shows the historical returns for Service Class I shares. Performance for periods after May 1, 2009 shows thehistorical returns for the share class available with this policy and reflects the fees and expenses of that share class.

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Oppenheimer Global Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerRajeev Bhaman


StrategyThe fund's adviser, Oppenheimer, selects bothU.S. and foreign companies that have highgrowth potential. The approach includesfundamental analysis of financial statements,management structure, operations, productdevelopment and industry position. To achievediversification the manager will focus onworldwide growth oriented companies,attractive valuations that benefit from globaltrends, high demand and companies that havecyclical opportunities in their business cycle,sectors or industries.

Index*MSCI World Provisional®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$6,000$8,000

$10,000$12,000

$14,000

$16,000$18,000

$20,000$22,000

$24,000

$26,000

Growth of $10,000Oppenheimer Global Fund/VA MSCI The World Index - Net Return®



Oppenheimer Global Fund/VA 7.67 27.31 27.31 12.29 18.07 8.87MSCI The World Index - NetReturn® 8.00 26.68 26.68 11.49 15.02 6.98

SinceInception

10.43

--

64 of 68

Oppenheimer Global Fund/VAData as of: 12/31/2013

Top 10 HoldingsLM Ericsson Telefon AB Class B 2.78%Google Inc. Class A 2.76%Airbus Group NV 2.53%SAP AG 2.19%The Walt Disney Company 2.17%WellPoint, Inc. 2.16%McGraw Hill Financial, Inc. 2.07%UBS AG 2.01%eBay Inc. 1.97%Bayerische Motoren Werke AG Pref 1.96%Total 22.60%


.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%

30.0

0%

35.0

0%

40.0

0%

45.0

0%

UnitedStates

Germany

Japan

France

Switzerland

Fund


Consumer Discretionary 15.05% 12.96%Consumer Staples 6.13% 11.16%Energy 3.06% 9.60%Financials 21.09% 16.77%Health Care 13.70% 11.82%Industrials 12.85% 12.20%Information Technology 24.76% 13.25%Materials 1.28% 5.44%Telecommunication Services 1.58% 4.09%Utilities 0.20% 2.70%Cash 0.31% --Total 100.00% 100.00%





12.29% 11.49%15.65% 13.54%

1.13 1.00-0.05% 0.00%

0.78 0.8496.03% 100.00%

36-months 36-months

Risk Reward

13% 13.5% 14% 14.5% 15% 15.5%Annualized Standard Deviation

11.2%

11.4%

11.6%

11.8%

12%

12.2%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer Global Fund/VAMSCI The World Index - Net Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• There are special risks associated with international investing such as differences in accounting practices, political changes, and currencyfluctuations. These risks are heightened in emerging markets.

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Oppenheimer International Growth Fund/VAData as of: 12/31/2013


Sub-AdvisorNA

Portfolio ManagerGeorge Evans, Robert Dunphy


StrategyThe fund's adviser, Oppenheimer, evaluatesopportunities on a company-by-company basisinvesting in the foreign markets. The managerseeks companies with high growth potentialusing a bottom-up approach looking atperformance of individual stocks beforeconsidering industry specific economic trends,fundamental analysis of financial statements,management structure, operations, productdevelopment and industry position.

Index*MSCI EAFE Provisional®






6/019/01

12/013/02

6/029/02

12/023/03

6/039/03

12/033/04

6/049/04

12/043/05

6/059/05

12/053/06

6/069/06

12/063/07

6/079/07

12/073/08

6/089/08

12/083/09

6/099/09

12/093/10

6/109/10

12/103/11

6/119/11

12/113/12

6/129/12

12/123/13

6/139/13

12/13

$5,000

$10,000

$15,000

$20,000

$25,000

Growth of $10,000Oppenheimer International Growth Fund/VA MSCI EAFE - Net Return®


Fund Name / Index* QTD YTD 1 YR 3 YR 5 YR 10 YROppenheimer International GrowthFund 6.20 25.87 25.87 12.61 17.94 9.99

MSCI EAFE - Net Return® 5.71 22.78 22.78 8.17 12.44 6.91

SinceInception

8.16

--

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Oppenheimer International Growth Fund/VAData as of: 12/31/2013

Top 10 HoldingsOPPENHEIMER INSTITUTIONAL MONEOPPENHEIMER ... 3.28%BT Group plc 2.53%SAP AG 1.93%Aalberts Industries N.V. 1.65%Amadeus IT Holding SA Class A 1.47%Roche Holding Ltd Genusssch. 1.43%Aryzta AG 1.42%Essentra plc 1.36%Bunzl plc 1.36%ICAP plc 1.36%Total 17.79%


.00%

5.00

%

10.0

0%

15.0

0%

20.0

0%

25.0

0%

30.0

0%

35.0

0%

UnitedKingdom

Switzerland

France

Netherlands

Germany

Fund


Consumer Discretionary 18.67% 13.41%Consumer Staples 11.36% 11.75%Energy 4.92% 7.18%Financials 5.06% 20.52%Health Care 9.14% 10.79%Industrials 22.37% 13.54%Information Technology 15.98% 5.14%Materials 4.83% 8.13%Telecommunication Services 4.37% 6.34%Utilities -- 3.20%Cash 3.30% --Total 100.00% 100.00%





12.61% 8.17%14.84% 16.25%

0.88 1.000.41% 0.00%0.85 0.50

92.57% 100.00%36-months 36-months

Risk Reward

15% 15.5% 16% 16.5%Annualized Standard Deviation

7%

8%

9%

10%

11%

12%

Ann

ualiz

ed R

etur

n

Trailing 36-Months

Oppenheimer International Growth Fund/VAMSCI EAFE - Net Return®

Disclosures• Performance numbers for periods that pre-date the contract's availability are hypothetical and are calculated based on the date shown, whichwas the date the fund was originally made available to the Separate Account.* Market Indices have been provided for informational purposes only; they are unmanaged and reflect no fees or expenses of the product.Individuals cannot invest directly in an index.• Percentages are based on dollar-weighted values of invested assets. Holdings are subject to change.• There are special risks associated with international investing such as differences in accounting practices, political changes, and currencyfluctuations. These risks are heightened in emerging markets.

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Strategic GUL (GULPM-9700 and GULCM-9700) is participating, group flexible premium adjustable life insurance. Strategic GVUL (GVULPM-9700 and GVULCM-9700) is participating, group flexible premium adjustable life insurance with a Variable Rider. In Maryland this product is issued as a Strategic GVUL certificate. Dividends are not expected to be paid. The GUL and GVUL policies and certificates are issued by Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001.

Principal underwriters: MML Investors Services, LLC and MML Distributors, LLC. Subsidiaries of MassMutual, Springfield, MA 01111-0001.

Securities offered through registered representatives of MML Investors Services, LLC, Member SIPC, Springfield, MA 01111-0111 or of a broker-dealer with a selling agreement with MML Distributors, LLC, Member SIPC, Springfield, MA 01111-0111.

EGL15041 114 CRN201511-147704

© 2014 Massachusetts Mutual Life Insurance Company, Springfield, MA 01111-0001. All rights reserved. www.massmutual.com. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.

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