Zurich Euro Cash Fund and Euro Cash Fund Closure effective 7th March, 2005

Subsequent to the regular prudent review on the range of funds to ensure the quality and efficiency, Threadneedle Asset Management Limited, our fund manager of the underlying funds available through Active Insurance Series, has decided to close its Threadneedle Euro Money Securities Fund, the underlying fund of the Zurich Euro Cash Fund of our Active Insurance Series1 and Euro Cash Fund of our Classic Active Insurance Series2 effective 7th March, 2005. Permission has been obtained from the Financial Services Authority in the UK. For more details, please refer to the following attachments.

Active Insurance Series » For customers who haven't selected the Zurich Euro Cash Fund
» For customers who have selected the Zurich Euro Cash Fund
Classic Active Insurance Series » For customers who haven't selected the Euro Cash Fund
» For customers who have selected the Euro Cash Fund

Should you have any queries on the fund closure, please contact your professional insurance consultants or call our Customer Service Hotline on 2535 3500.

1 Plans include Deluxe Link, Treasure Link, Maxi Link, Smart Link, Wealth Link and Smart Link (25-year).

2 Plans include: Asset Planner, 128 Planner, Life Planner, Future Planner, Growth Planner, Supreme Planner, Wealth Planner and Supreme Planner (25-year).

Notes:

Investment involves risks.

For details including fess and charges of the plans under Active Insurance Series and Classic Active Insurance Series, please refer to the principal brochures, which consist of the product brochure and investment details.