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Fillable 10_31_2007_VA_performance compliance updated

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PennFreedom PENN MUTUAL VARIABLE ANNUITY ACCOUNT III Monthly Fund Performance - For Period Ending 10/31/07 The numbers in the table below assume a $10,000 hypothetical investment without any optional riders or contingent deferred sales charges included for contract form VAA-98. Had these been included, performance values would be lower. Performance is however net of asset charges and the $40 annual administration...
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