T. Rowe Price Mid-Cap Growth Ret Acct

 Investment Option Profile
Small/Mid-Cap Stocks -- Mid-Cap Growth Stocks

INVESTMENT OBJECTIVE

Seeks capital appreciation.
INVESTMENT ADVISOR

The TR Transamerica Putnam Vista Fund is a Separate Account portfolio maintained by Transamerica Financial Life Insurance Company (TFLIC). The TR Transamerica Putnam Vista Fund invests in the Transamerica Putnam Vista Fund, a Transamerica Life Insurance Company^ (TLIC) Separate Account, which had an inception date of March 15, 2002. The Transamerica Putnam Vista Fund is sub-advised by Putnam Investment Management, LLC. Prior to January 14, 2005, the Transamerica Putnam Vista Fund invested exclusively in the Putnam Vista Fund (Class M shares), a mutual fund, which had an inception date of June 3, 1968.


INVESTMENT DESCRIPTION

Best suited for investors who want growth of capital and can tolerate the risks associated with common stock investments. The Transamerica Putnam Vista Fund (TPVF) invests primarily in growth stocks of medium-sized companies, although it may invest in companies of any size (growth stocks are issued by companies whose earnings are believed to be likely to grow faster than the economy as a whole). The TPVF may also engage in a variety of transactions, including, but not limited to, futures, options, warrants, and swaps for both hedging and non-hedging purposes. In selecting investments, the TPVF will consider, among other things, projected future earnings potential, competitive position, relative valuation versus industry peers, and financial strength. More consideration is given to growth potential than to dividend income.
RISK/RETURN

Historically, common stocks have provided greater long-term returns and have entailed greater short-term risks than other investment choices. Foreign stocks can be more volatile than domestic stocks and smaller or newer issuers carry more risk than larger, more established issuers. This Separate Account seeks to reduce these risks by diversifying its assets among a broad range of stocks or other securities, and by focusing on stocks from larger, more established companies.
CHARGES FEES AND EXPENSES

There are no Investment Management or Administrative Charges applicable to the TR Transamerica Putnam Vista Fund Separate Account Portfolio. However, the assets in this Separate Account Portfolio are subject to the total operating expenses of the underlying Transamerica Putnam Vista Fund, which consists of the Investment Management Charge, which was 1.25% as of November 30, 2005.

 
This SA invests in the T Rowe Price Mid Cap Growth Ret Opt, a TLIC SA. Effective 08-21-09, the TLIC SA invests in the T Rowe Price Mid Cap Growth Fund (Class R shares) and is subject to underlying mutual fund expenses. Prior to 08-21-09, the TLIC SA was sub-advised by Putnam Investments and was subject to the Separate Account Maintenance (SAM) and SA Administrative (Admin) Charges. Prior to 01-14-05, the TLIC SA invested in the Putnam Vista Fund (Class M shares) and was subject to different TLIC SAM Charges, SA Admin Charges and the underlying mutual fund expenses. No adjustments have been made to performance prior to 08-21-09 to reflect the difference between the charges and expenses for the TLIC SA sub-advised by Putnam from the charges for the TLIC SA invested in the T. Rowe Price Mid Cap Growth Fund. Also, no adjustments have been made to performance prior to 01-14-05 to reflect the difference between the charges and expenses for the TLIC SA invested in the Putnam Vista Fund and the TLIC SA sub-advised by Putnam.