Connecticut General Life Insurance Company - Page 5

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                  In years prior to the acquisition by CIGNA of PHC and its                              
            subsidiary companies, PHC and its subsidiaries had filed                                     
            consolidated Federal income tax returns, with PHC as the common                              
            parent corporation of the affiliated PHC Group.  The PHC Group                               
            operated prepaid dental programs in Florida, New Jersey, and                                 
            eastern Pennsylvania.                                                                        

            Consolidated Federal Income Tax Returns of the CIGNA Group                                   
                  For 1982 through 1985, the consolidated Federal income tax                             
            returns that were filed on behalf of the CIGNA Group included the                            
            companies that constituted members of the former INA Group.                                  
                  For 1984 and 1985, the consolidated Federal income tax                                 
            returns that were filed on behalf of the CIGNA Group also                                    
            included the companies that constituted members of the former PHC                            
            Group.                                                                                       
                  For 1982 through 1985, under a special rule set forth in                               
            section 1504(c) allowing life insurance companies to file                                    
            consolidated Federal income tax returns with nonlife affiliated                              
            companies, ConnLife was included as the sole life insurance                                  
            company in the above consolidated Federal income tax returns of                              
            the CIGNA Group.                                                                             
                  For 1982 through 1985, all of the nonlife companies that                               
            constituted members of the CIGNA Group incurred the following                                
            consolidated net operating losses (CNOL’s), and ConnLife, the                                







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Last modified: May 25, 2011