1.   Four other stock funds the Hartford cloned last year have underperformed their corresponding annuity portfolios by three to five percentage points.

2.   However, when an investor withdraws money from a variable annuity portfolio, the gains are taxed at ordinary rates.

3.   In the latest round of manager moves, Lawrence D. Greenberg left the firm, putting three funds and one annuity portfolio into play.

4.   Vanderheiden will also continue managing Fidelity Advisor Growth Opportunities and VIP III Growth Opportunities, an annuity portfolio, and become group leader for the Advisor and Destiny funds.