Variable Insurance Portfolios Performance

Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Returns are at NAV and include reinvestment of dividends and the effect of deducting an investment option’s expenses, but do not include mortality and expense charges, any policy administrative charges or any deferred sales charges specific to any variable insurance product. Returns for less than one year are cumulative (unannualized).

Class I

Portfolio Name	Inception Date	Cusip	Expense Ratio*		YTD Return as of 07/03/2008¹	Average Annual Total Returns
Portfolio Name	Inception Date	Cusip	Gross	Net	YTD Return as of 07/03/2008¹	1 year	3 year	5 years	10 years	Since Inception	Effective Date (Updated Quarterly)
Van Kampen Life Investment Trust (LIT)
LIT Capital Growth	07/03/1995	92113L302	0.78%	-	-12.77%	-2.20%	5.62%	7.13%	4.35%	9.03%	06/30/2008
LIT Comstock	04/30/1999	92113L864	0.59%	-	-16.80%	-22.55%	0.27%	6.35%	-	4.42%	06/30/2008
LIT Enterprise	04/07/1986	92113L104	0.68%	0.60%²	-14.22%	-9.83%	4.61%	6.46%	-0.32%	7.14%	06/30/2008
LIT Government	04/07/1986	92113L500	0.65%	0.60%²	-1.81%	4.21%	3.07%	3.25%	4.79%	6.07%	06/30/2008
LIT Growth & Income	12/23/1996	92113L880	0.60%	-	-13.09%	-16.25%	4.01%	8.83%	6.61%	9.02%	06/30/2008
LIT Money Market	04/07/1986	92113L609	0.70%	-	1.44%	3.77%	4.04%	2.84%	3.24%	4.52%	06/30/2008
Van Kampen Universal Institutional Funds (UIF)
UIF Capital Growth - I	01/02/1997	91359U810	0.84%	-	-13.28%	3.48%	10.66%	11.85%	2.88%	6.66%	03/31/2008
UIF Core Plus Fixed Income - I	01/02/1997	91359U711	0.68%	-	-6.40%	0.05%	3.09%	3.45%	5.02%	5.49%	03/31/2008
UIF Emerging Markets Debt - I	06/16/1997	91359U786	1.10%	-	-1.18%	4.07%	10.12%	11.83%	8.19%	8.14%	03/31/2008
UIF Emerging Markets Equity - I	10/01/1996	91359U836	1.63%	1.62%²	-19.82%	17.83%	29.67%	34.59%	11.45%	10.28%	03/31/2008
UIF Global Value Equity - I	01/02/1997	91359U778	1.05%	-	-16.82%	-6.89%	7.25%	15.10%	4.84%	7.21%	03/31/2008
UIF High Yield - I	01/02/1997	91359U729	0.87%	0.80%²	-3.87%	-0.60%	4.50%	7.52%	2.79%	3.98%	03/31/2008
UIF International Magnum - I	01/02/1997	91359U760	1.18%	1.09%²	-12.82%	0.92%	13.64%	19.36%	4.39%	5.77%	03/31/2008
UIF Mid Cap Growth - I	10/18/1999	91359U745	1.06%	1.05%²	-13.60%	4.51%	12.29%	18.65%	-	4.79%	03/31/2008
UIF U.S. Mid Cap Value - I	01/02/1997	91359U752	1.01%	-	-15.25%	-4.69%	9.68%	17.64%	7.46%	11.06%	03/31/2008
UIF U.S. Real Estate - I	03/03/1997	91359U794	1.01%	-	-6.57%	-17.97%	13.65%	20.81%	12.51%	12.79%	03/31/2008
UIF Value - I	01/02/1997	91359U737	0.93%	0.85%²	-17.44%	-12.77%	2.80%	12.71%	4.00%	6.18%	03/31/2008

Class II

Portfolio Name	Inception Date	Cusip	Expense Ratio*		YTD Return as of 07/03/2008¹	Average Annual Total Returns
Portfolio Name	Inception Date	Cusip	Gross	Net	YTD Return as of 07/03/2008¹	1 year	3 year	5 years	10 years	Since Inception	Effective Date (Updated Quarterly)
Van Kampen Life Investment Trust (LIT)
LIT Capital Growth II	09/18/2000	92113L823	1.03%	-	-12.88%	-2.45%	5.35%	6.86%	-	-7.11%	06/30/2008
LIT Comstock II	09/18/2000	92113L849	0.84%	-	-16.90%	-22.72%	0.02%	6.09%	-	4.36%	06/30/2008
LIT Enterprise II	07/24/2000	92113L815	0.93%	0.85%²	-14.38%	-10.10%	4.33%	6.19%	-	-5.05%	06/30/2008
LIT Government II	12/15/2000	92113L781	0.90%	0.85%²	-1.99%	4.02%	2.83%	3.00%	-	4.40%	06/30/2008
LIT Growth & Income II	09/18/2000	92113L773	0.85%	-	-13.22%	-16.45%	3.78%	8.56%	-	4.40%	06/30/2008
LIT Mid Cap Growth II	09/25/2000	92113L732	1.45%	1.26%²	-12.43%	-4.17%	7.47%	10.92%	-	-5.95%	06/30/2008
LIT Money Market II	12/15/2000	92113L765	0.95%	-	1.31%	3.51%	3.79%	2.58%	-	2.35%	06/30/2008
Van Kampen Universal Institutional Funds (UIF)
UIF Capital Growth - II	05/05/2003	91359U869	1.19%	1.09%²	-13.43%	3.22%	10.39%	-	-	9.98%	03/31/2008
UIF Core Plus Fixed Income - II	05/01/2003	91359U406	1.03%	0.93%²	-6.62%	-0.22%	2.83%	-	-	3.03%	03/31/2008
UIF Emerging Markets Debt - II	12/19/2002	91359U505	1.45%	1.15%²	-1.25%	4.04%	10.08%	11.79%	-	12.41%	03/31/2008
UIF Emerging Markets Equity - II	01/10/2003	91359U802	1.98%	1.67%²	-19.83%	17.76%	29.62%	34.48%	-	30.13%	03/31/2008
UIF Equity & Income - II	04/30/2003	91359U885	1.08%	0.78%²	-9.18%	-4.38%	5.46%	-	-	8.88%	03/31/2008
UIF Global Franchise - II	04/30/2003	91359U877	1.49%	1.19%²	-15.75%	-3.16%	10.70%	-	-	14.42%	03/31/2008
UIF Global Real Estate - II	04/28/2006	91359U687	1.86%	1.40%²	-15.60%	-18.14%	-	-	-	4.12%	03/31/2008
UIF International Growth Equity - II	04/28/2006	91359U679	3.95%	1.35%²	-13.35%	1.55%	-	-	-	7.00%	03/31/2008
UIF Mid Cap Growth - II	05/05/2003	91359U851	1.40%	1.15%²	-13.63%	4.37%	12.15%	-	-	16.94%	03/31/2008
UIF Small Company Growth - II	04/30/2003	91359U844	1.73%	1.25%²	-15.14%	-10.35%	5.55%	-	-	13.57%	03/31/2008
UIF U.S. Mid Cap Value - II	05/05/2003	91359U307	1.36%	1.11%²	-15.35%	-4.77%	9.58%	-	-	15.19%	03/31/2008
UIF U.S. Real Estate - II	11/05/2002	91359U208	1.36%	1.26%²	-6.62%	-18.09%	13.40%	20.54%	-	19.69%	03/31/2008

*	Expense ratios are as of each fund's fiscal year end.
¹	Indicates year to date (YTD) total return as of previous business day.
²	The net expense ratio is lower than the gross expense ratio because certain fees have been voluntarily waived; this waiver may be terminated at any time. Absent such waivers/reimbursements the fund's returns would have been lower.

The Life Investment Trust Portfolio is registered with the Securities and Exchange Commission as an open-end investment company. The Life Investment Trust Portfolio is not available for direct investment. Only individuals or institutions domiciled in the United States of America are legally permitted to invest in these funds. These funds are intended to be purchased as variable annuities or variable life products through insurance companies.

Funds are subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and that the value of fund shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this Fund. Please be aware that this Fund may be subject to certain additional risks.
Foreign and emerging markets: Investments in foreign markets entail special risks such as currency, political, economic, and market risks. The risks of investing in emerging-market countries are greater than the risks generally associated with foreign investments.
Small- and mid-cap stocks: Stocks of small- and medium-sized companies entail special risks, such as limited product lines, markets, and financial resources, and greater market volatility than securities of larger, more-established companies.
Credit quality: Investments in securities rated below investment grade (commonly known as "junk bonds") present greater risk of loss to principal and interest than investment in higher-quality securities.
Interest rates: As interest rates rise, bond prices fall.
Real estate and REITs: In addition to the general risks associated with real-estate investment, REIT investing entails other risks, such as credit and interest-rate risk.

Van Kampen Life Investment Trust and UIF are open-end management investment companies which offer shares in several separate portfolios. Portfolios are not available for direct investment. Only individuals or institutions domiciled in the United States of America are legally permitted to invest in these portfolios. These portfolios are intended to be investment options available through variable annuities and variable life product issued by insurance companies. Variable annuities are long-term investment products designed for retirement purposes. Variable annuity contracts have limitations. Early withdrawals may be subject to surrender charges and, if taken prior to age 59 ½, a 10% penalty may apply.

Please consider the investment objectives, risks, charges and expenses of the portfolio(s) carefully before investing. The prospectus contains this and other information about the portfolio(s). To obtain a prospectus, contact your financial advisor or download. Please read the prospectus carefully before investing.

Not FDIC Insured—Offer Not Bank Guaranteed—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit

Privacy Notice | U.S.A. Patriot Act | Business Continuity Planning