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Capital Guaranteed Portfolio

                                                           Performance

                               Sanlam Stable Bonus Portfolio

Month

Total Credited to members
September 2001    
August 2001    
July 2001    
June 2001    
May 2001    
April 2001 0.917% 0.752%
March 2001 0.917% 0.752%
February 2001 0.917% 0.752%
January 2001 0.917% 0.752%
December 2000 0.917% 0.752%
November 2000 0.917% 0.752%
October 2000 0.917% 0.752%
September 2000 0.917% 0.752%
August 2000 0.917% 0.752%
July 2000 0.917% 0.752%
June 2000 0.917% 0.752%*
May 2000 0.917% 0.752%
April 2000 0.917% 0.752%
March 2000 0.917% 0.752%
February 2000 0.917% 0.752%
January 2000 0.917% 0.752%
December 1999 0.3795% 0.1995%
November 1999 0.3795% 0.1995%
October 1999 0.3795% 0.1995%
September 1999 0.3795% 0.1995%
August 1999 0.3795% 0.1995%
July 1999 0.3795% 0.1995%
June 1999 0.3795% 2.6945%
May 1999 0.3795% 0.1995%
April 1999 0.3795% 0.1995%
March 1999 0.3795% 0.1995%
February 1999 0.3795% 0.1995%
January 1999 0.3795% 0.1995%

             * The allocation arising from the Sanlam shares to the Sanlam Stable
                    Bonus Portfolio members was included in the final declared rate
                    as at 31 December 1999.  This will be reflected in the final benefit
                    statement that will be distributed shortly to all members in the Sanlam
                    Stable Bonus Portfolio Capital Guaranteed Fund.

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