BI ANNUAL DIRECTORY OF INTERNATIONAL BENEFIT NETWORKS

G

GAIN

40 Rue Breydel, 1040 Brussels, Belgium; 32-2-230-3385;

fax: 32-2-230-3492

1996 1995

Employees 8 9

U.S. 4 4

Non-U.S. 4 5

Foreign countries 29 29

Offices 3 4Formed: 1976.

Member companies: AB AEGON Altalanos Biztosito R.T., Hungary; AEGON Verzekeringen, Netherlands; AFP Proteccion, Chile; AGF Assubel S.A., Belgium; AGF Brasil Seguros, Brazil; AGF Chile, Chile; AGF Garanti Sigorta A/S, Turkey; AGF Kosmos Vie S.A., Greece; AGF Union Felix, Spain; Aachener & Munchener Lebensversicherung AG, Germany; Assubel-Vie S.A., Belgium; Assubel-Vie S.A., Luxembourg; Assurances Generales de France, France; Brazil Companhia de Seguros Gerais, Brazil; Chinfon Life Insurance Co. Ltd., Taiwan; Fidelity Life Assurance of Zimbabwe (Private) Ltd., Zimbabwe; First Life Insurance Co. Ltd., South Korea; The First Life Insurance Co. Ltd., Taiwan; France Life Insurance Co. Ltd., South Korea; Galicia Vida/ITT Hartford Sudamericana, Argentina; HSBC Life (International) Ltd., Hong Kong; The Hartford, United States; Irish Life Assurance P.L.C., Ireland; ITT-Hartford Life, United States; Keppel Insurance pte Ltd., Singapore; Legal & General Life of Australia, Australia; London & Manchester (Pensions) Ltd., United Kingdom; MBA Life Assurance Sdn Bhd, Malaysia; Mutual Life of Canada, Canada; Siam Commercial Life Assurance Co. Ltd., Thailand; Sociedade Portuguesa de Seguros, Portugal; Toho Mutual Life Insurance Co., Japan; Tower Life Australia Ltd., Australia; Tower Retirement Investment Ltd., New Zealand; Tryg-Baltica Forsikring, Denmark; United Coconut Planters Life Assurance Corp., Philippines; Vaudoise Vie Compagnie d'Assurances, Switzerland; coverage provided in additional countries through members listed above.

Minimum requirements: 25 lives and two countries for SGP; 250 lives and two countries for SAP.

International dividends: Stop-loss system, loss carry-forward system, loss carry-forward system with contingency fund.

Officers: C. Pietralonga, France; E. Janssen, San Francisco; J. Saxton, Brussels, Belgium.

U.S. contact: Eric Janssen, managing director, 415-394-8677.

Gerling Pooling Instrument

Gerling INSTITUT GIBA, 50597 Cologne, Germany; 49-221-144-5183; fax: 49-221-144-5256

1996 1995

Int'l premiums $12,900,000 $13,000,000

U.S. 11% 12%

Non-U.S. 89% 88%

Employees 22 21

U.S. 5 5

Non-U.S. 17 16

Lives covered 20,800 19,000

Master contracts 27 25

Foreign countries 42 41Formed: 1982.

Member companies: Gerling pooling instrument is used to set up individual pools for multinational organizations.

Minimum requirements: 250 lives and 2 countries.

Business: 8% medical, 23% life, 20% accidental death, 6% short-term disability, 17% long-term disability, 26% pension/endowment.

International dividends: Stop-loss system, loss carry-forward system, loss carry-forward system with contingency fund.

Officers: Paulgerd Kolvenbach, managing director; Michael Ehlers, managing director; Heiner Salmen, director-pool management division.

U.S. contact: Wolfgang Schlaeger, 212-756-5600.