Guardian Investor Services LLC
The Value Guard II Non-Standardized Performance

The 5/15/2008 unit values as of the close of business for the variable investment options of The Value Guard II variable annuity are listed below. The average annual total returns reflect fund-level and separate account level charges. These unit values are only for The Value Guard II variable annuity basic contract. If you have a contract with any of the optional riders sold with this product, unit values would be lower.

The Value Guard II variable annuity is sold by prospectus only. Prospectuses contain important information, including fees and expenses. Please read the prospectuses carefully before investing or sending money. You should consider the investment objectives, risks, fees and charges of the investment company carefully before investing. To obtain a prospectus, please contact your financial professional or call 1-800-221-3253.

 
Past Performance Does Not Guarantee Future Results
Fund NameDaily ValueDaily ChangeWeekly1 Month3 Month6 MonthInception DateYTD1 Year3 Year5 Year10 YearSince Incep.
Alliance
ALLIANCEBERNSTEIN GROWTH AND INCOME PORTFOLIO (CLASS B)
13.386413 0.84 2.64 7.34 1.50 (5.74) 1/14/91 (6.83) (8.26) 6.43 8.59 2.10 7.03
ALLIANCEBERNSTEIN LARGE CAP GROWTH PORTFOLIO (CLASS B) 12.425850 1.20 1.80 8.83 9.87 (2.06) 6/26/92 (4.96) 2.27 8.44 7.52 1.46 8.92
ALLIANCEBERNSTEIN GLOBAL TECHNOLOGY PORTFOLIO (CLASS B) 12.281644 1.66 2.41 12.68 11.97 (5.09) 1/11/96 (6.89) 6.96 10.29 9.59 3.56 5.49
ALLIANCEBERNSTEIN VALUE PORTFOLIO (CLASS B) 13.918765 0.97 1.95 6.83 3.82 (4.06) 5/01/01 (3.60) (13.51) 6.17 9.17 N/A 5.00
Davis
DAVIS FINANCIAL PORTFOLIO
14.169557 1.05 1.95 7.32 1.80 (9.51) 7/01/99 (5.88) (13.92) 5.76 8.15 N/A 3.69
DAVIS REAL ESTATE PORTFOLIO 29.473471 1.00 3.13 9.11 14.28 2.42 7/01/99 5.97 (14.15) 11.06 16.42 N/A 12.33
DAVIS VALUE PORTFOLIO 13.834884 1.26 1.96 7.83 7.02 0.33 7/01/99 (0.57) (1.92) 9.74 11.31 N/A 4.49
Fidelity
FIDELITY VIP CONTRAFUND® PORTFOLIO (SERVICE CLASS)
16.166233 1.32 1.98 6.73 6.51 (2.54) 1/03/95 (4.25) 5.16 13.82 14.53 7.85 12.44
FIDELITY VIP EQUITY-INCOME PORTFOLIO (SERVICE CLASS) 14.629434 1.12 1.95 7.13 5.69 (2.23) 10/09/86 (2.37) (8.90) 8.92 10.35 4.38 9.40
FIDELITY VIP GROWTH OPPORTUNITIES PORTFOLIO (SERVICE CLASS) 11.015824 1.72 2.14 11.07 11.48 (1.60) 1/03/95 (4.88) 6.25 10.96 10.02 1.13 6.75
FIDELITY VIP MID CAP PORTFOLIO (SERVICE CLASS) 27.002299 1.35 2.20 7.67 7.15 (0.70) 12/28/98 (1.71) 3.71 15.23 19.23 N/A 16.71
Fund Name
Daily Value
Daily Change
Weekly
1 Month
3 Month
6 Month
Inception Date
YTD
1 Year
3 Year
5 Year
10 Year
Since Incep.
Franklin Templeton
TEMPLETON GROWTH SECURITIES FUND (CLASS 2)
14.886921 0.62 1.37 5.93 5.30 (5.41) 3/15/94 (5.66) (9.12) 8.44 12.35 5.70 7.93
Gabelli
GABELLI CAPITAL ASSET FUND
37.827603 1.14 2.41 6.40 3.19 (4.99) 5/01/95 (5.28) (6.02) 9.93 12.01 7.24 10.73
Invesco Aim
AIM V.I. CAPITAL APPRECIATION FUND (SERIES I)*
8.687379 1.31 2.35 8.33 7.10 (4.75) 5/05/93 (6.03) (3.08) 8.23 8.26 2.71 7.57
AIM V.I UTILITIES FUND (SERIES 1) 13.182305 0.25 1.80 4.14 4.48 0.02 5/02/94 (2.53) 0.69 18.32 18.86 5.92 8.28
AIM V.I. CORE EQUITY FUND* 9.165066 1.04 1.73 5.69 4.87 (0.49) 5/05/93 (0.26) (0.27) 10.08 8.98 2.37 7.85
Janus
JANUS ASPEN FORTY PORTFOLIO
14.584611 1.52 2.26 8.62 16.17 11.54 5/01/97 6.34 34.26 21.87 18.67 10.99 13.79
JANUS ASPEN LARGE CAP GROWTH PORTFOLIO 8.563960 1.29 2.41 6.18 6.45 (0.90) 9/13/93 (2.82) 1.74 10.06 9.08 2.92 7.49
JANUS ASPEN MID-CAP GROWTH PORTFOLIO (INSTITUTIONAL SHARES) 9.021481 1.08 2.64 10.68 11.85 4.95 9/13/93 2.93 12.27 18.63 17.75 7.08 10.54
JANUS ASPEN WORLDWIDE GROWTH PORTFOLIO (INSTITUTIONAL SHARES) 8.427228 1.55 2.21 5.18 2.91 (5.78) 9/13/93 (4.17) (5.02) 10.25 9.85 2.61 9.36
MFS
MFS GROWTH SERIES (INITIAL CLASS) (formerly MFS EMERGING GROWTH SERIES)
8.070473 1.45 2.88 10.42 10.24 2.36 7/24/95 0.64 12.32 14.76 12.57 3.54 7.84
MFS INVESTORS TRUST SERIES (INITIAL CLASS) 14.773366 1.20 2.13 5.87 6.96 1.07 10/09/95 (0.49) 2.83 10.40 10.24 2.23 12.41
Fund Name
Daily Value
Daily Change
Weekly
1 Month
3 Month
6 Month
Inception Date
YTD
1 Year
3 Year
5 Year
10 Year
Since Incep.
MFS NEW DISCOVERY SERIES (INITIAL CLASS) 11.236254 1.40 3.15 11.21 10.66 (0.53) 5/01/98 0.55 (3.83) 10.80 9.14 6.53 6.00
MFS RESEARCH SERIES (INITIAL CLASS) 10.365054 1.11 2.22 7.82 7.53 0.74 7/26/95 (1.02) 3.04 10.94 11.48 2.85 7.08
MFS TOTAL RETURN SERIES (INITIAL CLASS) 15.282054 0.82 1.27 3.53 2.97 (1.23) 1/03/95 (1.34) (3.33) 5.64 6.90 5.15 8.68
RS***
RS MONEY MARKET VIP SERIES
30.597737 0.00 0.02 0.08 0.35 1.07 11/10/81 0.70 2.95 3.05 1.82 2.30 4.31
RS SMALL CAP CORE EQUITY FUND VIP SERIES 19.115261 0.71 3.08 10.03 6.03 (5.53) 7/16/97 (4.58) (8.80) 8.97 11.44 4.26 6.16
RS CORE EQUITY VIP SERIES 130.720018 0.53 1.95 7.57 6.55 2.30 4/13/83 2.07 4.85 13.99 10.63 1.77 10.78
RS LARGE CAP VALUE FUND VIP SERIES 13.809812 1.15 2.06 7.81 5.23 (3.77) 2/03/03 (2.74) (9.40) 8.27 9.94 N/A 11.79
RS PARTNERS VIP SERIES 12.905956 1.60 3.81 8.29 9.79 4.17 2/03/03 3.55 (8.05) 7.32 9.19 N/A 11.21
RS S&P 500 Index VIP Series 10.738345 1.06 1.93 6.76 5.61 (1.91) 9/13/99 (2.69) (4.43) 7.90 9.12 N/A 1.12
RS ASSET ALLOCATION VIP SERIES 12.121188 1.07 2.04 6.70 5.55 (2.01) 9/13/99 (2.80) (3.65) 6.90 8.54 N/A 2.83
RS HIGH YIELD BOND VIP SERIES 13.852641 0.25 0.11 2.37 3.68 0.60 9/13/99 0.01 (3.64) 4.41 5.14 N/A 3.72
Fund Name
Daily Value
Daily Change
Weekly
1 Month
3 Month
6 Month
Inception Date
YTD
1 Year
3 Year
5 Year
10 Year
Since Incep.
RS LOW DURATION BOND VIP SERIES 10.952031 0.20 (0.22) (0.38) (0.14) 1.79 8/28/03 1.24 4.32 3.04 N/A N/A 2.03
RS EMERGING MARKETS VIP SERIES 46.000423 2.43 2.85 6.37 7.02 (0.35) 10/17/94 (1.75) 29.37 37.85 36.21 16.04 11.89
RS INTERNATIONAL GROWTH VIP SERIES 36.217542 1.49 1.52 7.87 12.11 2.47 2/08/91 0.96 5.79 18.38 17.97 5.65 7.73
RS GLOBAL NATURAL RESOURCES VIP SERIES** 12.223962 1.48 2.31 7.70 16.60 18.11 7/31/07 14.18 N/A N/A N/A N/A 22.24
RS TECHNOLOGY VIP SERIES (formerly THE INFORMATION AGE VIP SERIES)** 9.455651 1.81 4.36 16.70 8.65 (11.04) 7/31/07 (8.61) N/A N/A N/A N/A (5.44)
RS MIDCAP OPPORTUNITIES VIP SERIES** 8.780935 1.02 2.89 8.77 0.44 (11.04) 7/31/07 (10.57) N/A N/A N/A N/A (12.19)
RS VALUE VIP SERIES** 9.635074 1.46 3.83 10.50 10.96 1.08 7/31/07 1.94 N/A N/A N/A N/A (3.65)
RS EQUITY DIVIDEND VIP SERIES** 9.272375 0.43 1.74 5.51 2.53 (1.17) 7/31/07 (1.43) N/A N/A N/A N/A (7.27)
RS INVESTMENT QUALITY BOND FUND VIP SERIES 51.461976 0.49 (0.18) 0.08 0.50 2.26 5/01/83 1.22 5.07 3.36 2.89 4.56 6.76
ValueLine
VALUE LINE STRATEGIC ASSET MANAGEMENT TRUST
70.446584 0.71 1.77 6.62 6.97 2.12 10/01/87 0.48 5.96 10.65 10.02 5.86 9.92
VALUE LINE CENTURION FUND 77.630438 1.36 2.25 3.89 4.22 (6.11) 11/15/83 (9.65) 0.25 9.41 8.32 2.10 8.72
Fund Name
Daily Value
Daily Change
Weekly
1 Month
3 Month
6 Month
Inception Date
YTD
1 Year
3 Year
5 Year
10 Year
Since Incep.
Van Kampen
VAN KAMPEN LIFE INVESTMENT TRUST GOVERNMENT PORTFOLIO (CLASS II SHARES)
12.107203 0.44 (0.02) (0.19) (1.51) 0.33 4/07/86 (0.50) 4.03 2.75 2.31 3.82 5.04
VAN KAMPEN LIFE INVESTMENT TRUST GROWTH AND INCOME PORTFOLIO (CLASS II SHARES) 14.409676 1.03 1.75 6.32 3.43 (4.14) 12/23/96 (3.44) (8.22) 7.69 10.60 6.62 8.83
N/A Not Available
All results shown in percents
Jan '08 Feb '08 Mar '08
Fixed-Rate Option: 3.50% 3.50% 3.50%
RS Money Market VIP Series: Yield based on 7-day period ending 3/31/08
Current: 2.33% Effective: 2.36%

The RS Money Market VIP Series is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC), and there can be no assurance that the Fund will be able to maintain a stable net asset value of $10.00 per share. It is possible to lose money by investing in the Fund. Yields shown do not reflect the deduction of fund-level expenses, separate account level charges, contract administrative fees or CDSCs.

GIAC guarantees that premium payments or transfers allocated to the Fixed-Rate Option will earn a minimum annual interest rate of 3%. At our discretion, an interest rate in excess of the minimum 3% may be credited. GIAC reserves the right to change rates prospectively without notice.

Payments to the Fixed Rate Option receive an annual interest rate that is accrued daily. The rate will continue until the next contract anniversary date.

On the contract anniversary date, all payments and transfers allocated to the Fixed-Rate Option during the previous year together with interest earned, will begin receiving the interest r