Annuities

Variable Trust Portfolios	Top 10 holdings	Equity holdings	Full portfolio holdings
Putnam Absolute Return 500	View (PDF)	View (PDF)	View (PDF)
Fixed Accumulation Feature	N/A	N/A	N/A
Putnam International Equity Subaccount	View	View	View
Putnam International Growth Subaccount	View	View	View
Putnam International Value Subaccount	View	View	View
Putnam Growth Opportunities Subaccount	View	View	View
Putnam Capital Opportunities Subaccount	View	View	View
Putnam Diversified Income Subaccount	View	View	View
Putnam Global Asset Allocation Subaccount	View	View	View
Putnam High Yield Subaccount	View	View	View
Putnam Government Money Market Subaccount	View	N/A	N/A
Putnam Global Equity Subaccount	View	View	View
Putnam Global Health Care Subaccount	View	View	View
Putnam Investors Subaccount	View	View	View
Putnam Multi-Cap Value Subaccount	View	View	View
George Putnam Balanced Fund Subaccount	View	View	View
Putnam Small Cap Value Subaccount	View	View	View
Putnam Research Subaccount	View	View	View
Putnam Global Utilities Subaccount	View	View	View
Putnam American Government Subaccount	View	N/A	View
Putnam Equity Income Subaccount*	View	View	View
Putnam Multi-Cap Growth Subaccount	View	View	View
Putnam Income Subaccount	View	N/A	View

Putnam Variable Trust funds are available through variable products offered by third-party insurance companies. For a prospectus containing information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor or the offering insurance company for a contract prospectus and prospectus for the underlying funds. For Hartford and Allstate products, please call Hartford at 1-800-523-7798 or Allstate at 1-800-203-0068. Read the prospectuses carefully before investing.

Putnam Hartford Capital Manager variable annuities

The following Putnam Hartford Capital Manager variable annuities closed to new accounts on May, 2, 2005.

Existing account holders may continue to make deposits to their contracts.

Putnam Hartford Capital Manager
Putnam Hartford Capital Manager Series 1  |   Date of Sale: 02/01/88–09/01/88
Putnam Hartford Capital Manager Series 2  |   Date of Sale: 09/01/88–05/01/90
Putnam Hartford Capital Manager Series 3  |   Date of Sale: 05/01/90–05/01/92
Putnam Hartford Capital Manager Series 4  |   Date of Sale: 05/01/92–06/27/94
Putnam Hartford Capital Manager Series 5  |   Date of Sale: 06/27/94–05/01/99
Putnam Hartford Capital Manager Series 6  |   Date of Sale: 05/03/99–08/07/02
Putnam Hartford Capital Manager Series 7  |   Date of Sale: 08/08/02–05/30/03
Putnam Hartford Capital Manager Series 8  |   Date of Sale: 06/02/03–04/29/05

Putnam Hartford Capital Manager Outlook
Putnam Hartford Capital Manager Outlook Series 1 | Date of Sale: 10/16/00–05/30/03
Putnam Hartford Capital Manager Outlook Series 2 | Date of Sale: 06/02/03–04/29/05

Putnam Hartford Capital Manager Plus
Putnam Hartford Capital Manager Plus Series 1 | Date of Sale: 03/06/00–05/30/03
Putnam Hartford Capital Manager Plus Series 2 | Date of Sale: 06/02/03–04/29/05

Putnam Hartford Capital Manager Access
Putnam Hartford Capital Manager Access Series 1 | Date of Sale: 08/03/98–05/30/03
Putnam Hartford Capital Manager Access Series 2 | Date of Sale: 06/02/03–04/29/05

Hartford subaccounts	Style	Director M	Capital Manager
Fixed Accumulation Feature	Income		•
Putnam International Equity Subaccount	Blend	•	•
Putnam International Growth Subaccount	Growth		•
Putnam International Value Subaccount	Value		•
Putnam Growth Opportunities Subaccount	Growth		•
Putnam Capital Opportunities Subaccount	Blend		•
Putnam Diversified Income Subaccount	Income	•	•
Putnam Global Asset Allocation Subaccount	Asset Allocation	•	•
Putnam High Yield Subaccount	Income		•
Putnam Government Money Market Subaccount	Income		•
Putnam Global Equity Subaccount	Blend		•
Putnam Global Health Care Subaccount	Global Sector		•
Putnam Investors Subaccount	Blend	•	•
Putnam Multi-Cap Value Subaccount	Value	•	•
George Putnam Balanced Fund Subaccount	Asset Allocation	•	•
Putnam Small Cap Value Subaccount	Value	•	•
Putnam Research Subaccount	Blend		•
Putnam Global Utilities Subaccount	Global Sector		•
Putnam American Government Subaccount	Income		•
Putnam Equity Income Subaccount*	Value		•
Putnam Multi-Cap Growth Subaccount	Growth		•
Putnam Income Subaccount	Income		•

Funds are ranked according to Overall Morningstar Risk. Fund placement is based on a standard scale. Relative risk between funds is not represented. For income funds, if other risk factors were considered, such as credit risk, interest-rate risk, or inflation risk, rankings on the ribbons would vary.

Variable annuities are long-term investments designed for retirement purposes. Putnam Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, Simsbury, CT.

These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

Allstate Life Insurance Company is among the largest and fastest growing life insurance companies. Allstate Life offers strength and stability as an insurer and an unvarying commitment to quality service.

Allstate subaccounts	Style	Advisor	Advisor Plus	Advisor Preferred
Putnam Capital Opportunities Subaccount	Blend	View	View	View
Putnam American Government Subaccount	Income	View	View	View
Putnam Growth Opportunities Subaccount	Growth	View	View	View
Putnam Multi-Cap Value Subaccount	Value	View	View	View
Putnam International Equity Subaccount	Blend	View	View	View
Putnam Global Equity Subaccount	Blend	View	View	View
Putnam High Yield Subaccount	Income	View	View	View
Putnam Global Health Care Subaccount	Global Sector	View	View	View
Putnam Global Asset Allocation Subaccount	Asset Allocation	View	View	View
Putnam Income Subaccount	Income	View	View	View
Putnam Small Cap Value Subaccount	Value	View	View	View
Putnam Research Subaccount	Blend	View	View	View
Putnam International Value Subaccount	Value	View	View	View
Putnam International Growth Subaccount	Growth	View	View	View
Putnam Multi-Cap Growth Subaccount	Growth	View	View	View
Putnam Investors Subaccount	Blend	View	View	View
Putnam Government Money Market Subaccount	Income	View	View	View
Putnam Equity Income Subaccount*	Value	View	View	View
Putnam Global Utilities Subaccount	Global Sector	View	View	View
George Putnam Balanced Fund Subaccount	Asset Allocation	View	View	View
Fixed Account	Income	View	View	View
Putnam Diversified Income Subaccount	Income	View	View	View

Funds are ranked according to Overall Morningstar Risk. Fund placement is based on a standard scale. Relative risk between funds is not represented. For income funds, if other risk factors were considered, such as credit risk, interest-rate risk, or inflation risk, rankings on the ribbons would vary.

Variable Annuities are long-term investments designed for retirement purposes.

Putnam Allstate Advisor, Putnam Allstate Advisor Plus and Putnam Allstate Advisor Preferred variable annuities are flexible-premium deferred variable annuities issued by Allstate Life Insurance Company, underwritten by Allstate Distributors, L.L.C, Northbrook, IL, and are sold through registered representatives, or bank employees who are licensed insurance agents. Please check for availability in your specific state.

These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.

Please note that Putnam Investments, Allstate Life, or any of their agents cannot give legal or tax advice. The brief discussion of taxes in this material may not be complete or necessarily current; the laws and regulations are complex and subject to change. For complete details, consult your attorney or tax advisor.

Putnam Investments - Individual Investors

Putnam offers its investment expertise and products through partnerships with a number of the country's best-known insurance companies.

Putnam Hartford Capital Manager variable annuities