1. State of Louisiana Deferred Compensation Plan (IRC Section 457 Plan) New EGTRRA Pension Legislation = Flexibility & Increased Savings Annual dollar deferral limit increased to $11,000 in 2002 457 Annual percentage limit increased to 50% of taxable salary 457 Catch-up dollar limit increased to $22,000 in 2002 Addition of new age 50+ “catch-up” of $1,000 in 2002 Repeals deferral coordination between 457 and 403(b) plans May contribute maximum to BOTH 457 and 403(b) plans Enhanced payout flexibility upon severance of employment* No IRS 10% penalty on 457 withdrawals prior to age 59 ½* Portability among 457, 403(b), and other qualified plans upon severance of employment *Withdrawals are subject to ordinary income tax.

2. State of Louisiana Deferred Compensation Plan (IRC Section 457 Plan) Retirement Plans At-A-Glance in 2002 Features 457IRA 401(k ) 403(b) Annual Savings Limits Maximum Contribution Age 50+ Catch-Up “Standard” Catch-Up Eligible for Tax Credit $11,000 Yes $3,000 Yes No Yes $11,000 Yes No Yes $11,000 Yes Access to Savings Upon Separation of Service Rollover to other plans Withdrawal Flexibility Yes Withdrawals Subject to Penalties 10% early Distribution Penalty Tax for Withdrawals Prior to Age 59 ½ No Yes* Yes* Yes* *Some exceptions may apply, but generally there is a 10% federal tax penalty for withdrawals prior to 59 ½. All withdrawals are subject to ordinary income tax.

3. State of Louisiana Deferred Compensation Plan (IRC Section 457 Plan) Louisiana 457 Plan Features And Highlights 20 core variable investment options 5 Portfolios “Funds of Funds” Approach Fully liquid Guaranteed Portfolio Fund 5.80% interest rate during the 1 st Quarter 2002 Low plan administration fees:.25% of assets No annual contract, surrender charge nor sales loads expenses Local account representatives for group & individual meetings Customized Web site – www.LouisianaDCP.com* 24/7 access to your account via KeyTalk 800-701-8255* *Investment options through FutureFunds II, a group fixed and variable deferred annuity issued by Great-West Life & Annuity Insurance Company. For more information about available investment options, including fees and expenses, you may obtain applicable prospectuses and/or disclosure documents form your registered representative. Read them carefully before investing. *The web site and KeyTalk are available 7 days a week, 24 hours a day, except Sunday between 1 AM and 1 PM CT for routine maintenance. Transfer requests received prior to 3 PM CT on business days will be initiated at the close of the business day. Access to KeyTalk and the web site may be limited or unavailable during periods of peak demand, market volatility, systems upgrades, maintenance or for other reasons.

4. State of Louisiana Deferred Compensation Plan (IRC Section 457 Plan) The Louisiana Deferred Compensation Commission serves as the plan sponsor Great-West/BenefitsCorp serves as the record keeper, enrollment, and education service provider* For more information, please visit the custom Web site at www.LouisianaDCP.comor contact the local staff at:www.LouisianaDCP.com Louisiana Deferred Compensation Plan in Baton Rouge (225) 926-8082 or Toll-free (800) 345-4699 *Presentation sponsored by BenefitsCorp Equities Inc. Securities, when offered, are offered through BenefitsCorp Equities, Inc., a wholly owned subsidiary of Great-West Life & Annuity Insurance Company. #98228-01 Louisiana Higher Education Feb. 2002