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Penn Mutual Life Fillable Forms

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Fillable 6_30_2007_VA_performance compliance updated

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PennFreedom PENN MUTUAL VARIABLE ANNUITY ACCOUNT III Monthly Fund Performance - For Period Ending 6/30/07 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 charge. The performance data quoted represents past performance and is not predictive of future results More


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0607_pennfreedo m_variable_annu ity

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