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LARGE CAP GROWTH ACCOUNT

Following is a summary of information about the Sentry Large Cap Growth Account. Investors are advised to learn key data about an investment prior to making any investment decision.

Objective

The objective of this account is to earn long-term growth of capital in a manner consistent with the preservation of capital. It is invested solely in Janus Aspen Large Cap Growth Portfolio - Institutional Shares .

Investor Profile

The Large Cap Growth Account may be suitable for investors with a very long-term investment horizon who are seeking long-term growth of capital through primarily common stocks of larger, more established companies, though it may invest in a large number of issuers of any size. Individuals must be willing and able to accept significant changes in unit price in the short, long and very long term.

Investment Strategy

Janus Aspen Large Cap Growth Portfolio - Institutional Shares invests primarily in the common stocks of large growth companies that are experiencing increasing demand for their products and services. The advisor uses a bottom-up approach to choosing investments emphasizing companies with earnings-growth potential. It may invest in foreign securities without limit. Depending on market conditions, the fund may invest a portion of assets in cash.

Investment Considerations

The Large Cap Growth Account has the potential for significant short-term gains and losses. While volatility is not as severe as more aggressive types of growth options, investors must be willing and able to withstand fluctuation in the principal value of their investment. The Large Cap Growth Account may be appropriate for investors when used in combination with other accounts for additional diversification to either increase or decrease potential returns and risks.

PORTFOLIO DATA

Asset Allocation (as of 06-30-2008)
  
Common Stock - Domestic70.27%
Common Stock - Foreign24.97%
 
Key Facts (as of 06-30-2008)
  
Number of Stocks80
Number of Bonds2
Price/Earnings Ratio (one year forward)17.0x
Turnover Rate Annualized (As of 10-31-2007)70.69%
Beta (vs. Russell 1000 Growth Index)0.98
Standard Deviation as of 12-31-200723.41%
 
Top Ten Stock Holdings (as of 06-30-2008)
CVS/Caremark Corp.
Hess Corp.
InBev N.V.
Cisco Systems, Inc.
AES Corp.
Google, Inc. - Class A
Exxon Mobil Corp.
Microsoft Corp.
Oracle Corp.
Siemens A.G.
Top Ten Equals 29.71% of Portfolio
 
Top Sectors (as of 06-30-2008)
   
Consumer, Non-Cyclical21.40%
Technology16.01%
Industrial10.76%
Communications10.35%
Consumer, Cyclical9.87%
Energy8.79%
Basic Materials7.02%
Financial6.68%
Utilities4.32%
Diversified0.31%
Total % of Portfolio95.51%
Janus Aspen Large Cap Growth Port Inst Shares*
Average Annual Returns Annual Total Returns
(as of 07-31-2008) (as of 12-31)
    
 1 Month(2.33)% 
 3 Months(7.07)% 
 YTD(14.06)% 
 1 year(6.25)% 
 3 years4.86% 
 5 years6.85% 
 10 years2.27% 
    
    
    
    
 1994      2.76% 
 1995      30.17% 
 1996      18.45% 
 1997      22.75% 
 1998      35.66% 
 1999      43.98% 
 2000      (14.55)% 
 2001      (24.73)% 
 2002      (26.51)% 
 2003      31.73% 
 2004      4.52% 
 2005      4.29% 
 2006      11.38% 
 2007      15.09% 

* Investment management, brokerage fees and all other expenses of Janus total 0.69 percent per year and are deducted from the asset value of the Janus Aspen Large Cap Growth Portfolio - Institutional Shares. Expense ratio includes a management fee as of 7/1/04; other expense components are as of 12/31/03. Effective 7/1/04, Janus Capital agreed to reduce the annual rate of the Portfolio's management fee, as set forth in the Portfolio's Investment Advisory Agreement with Janus Capital. The investment managers for the Janus Aspen Large Cap Growth Portfolio - Institutional Shares are Jonathan Coleman and Dan Riff. *Performance figures for Janus Aspen Large Cap Growth Portfolio – Institutional Shares include the reinvestment of all dividends and capital gain distributions. All returns are net of portfolio expenses. Money invested by participants in the Sentry Life Large Cap Growth Account is then invested by Sentry Life Insurance Company or Sentry Life Insurance Company of New York into the underlying portfolio. A separate account fee for sales, marketing, taxes, account compliance, overhead and legal/audit fees will be applied to this Separate Account. The separate account fee is reduced by the Janus administrative fee payment remitted to Sentry of .15% annualized. The separate account fee will reduce the total returns of the Separate Account quoted above. The information contained in this fact sheet is for illustrative purposes only and is not an indication of future composition or performance. The investment return and principal value of this Separate Account will fluctuate along with changes in Janus Aspen Large Cap Growth Portfolio – Institutional Shares so that units, when redeemed, may be worth more or less than their original cost. Past performance is not a guarantee of future results.

Sentry Life Insurance Company, Stevens Point, Wisconsin (products not available in all states)
Sentry Life Insurance Company of New York, Syracuse, New York (products available in New York only)

Sentry’s property and casualty insurance coverages are underwritten by Sentry Insurance a Mutual Company, or its subsidiaries and affiliates Sentry Select Insurance Company, Middlesex Insurance Company, or Patriot General Insurance Company; Stevens Point, Wisconsin, and Sentry Lloyds of Texas, Round Rock, Texas. Companies not licensed in all states. Life insurance, pensions and group products are issued and administered by Sentry Life Insurance Company, Stevens Point, Wisconsin. In the State of New York, life insurance, pensions and group products are issued and administered by Sentry Life Insurance Company of New York, Syracuse, New York. Policies, coverages, and discounts are not available in all states.

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