Exhibit 16(b)(ii)

              AETNA LIFE INSURANCE AND ANNUITY COMPANY AND SUBSIDIARIES
            (A wholly owned subsidiary of Aetna Retirement Services, Inc.)

                                      Schedule I

            Summary of Investments -- Other than Investments in Affiliates

                                  December 31, 1995

 



                                                                                      Amount at
                                                                                     Which Shown
                                                                                       in the
            Type of Investment                            Cost         Value*       Balance Sheet
            ------------------                          --------       ------       -------------
                                                                     (millions)
                                                                               
Debt Securities:
  U.S. Treasury securities and obligations
    of U.S. government agencies and
    corporations                                       $   539.5       $  587.0          $ 587.0
  Obligations of states and political
    subdivisions                                            41.4           53.8             53.8
  U.S. Corporate securities                              5,396.5        5,689.8          5,689.8
  Foreign securities(1)                                  1,302.6        1,416.6          1,416.6
  Residential mortgage-backed securities                 2.940.6        3,203.4          3,203.4
  Commercial/Multifamily mortgage-backed
   securities                                              741.9          774.0            774.0
  Other asset-backed securities                            961.2          996.2            996.2
                                                       ---------      ---------         ---------

    Total debt securities                               11,923.7       12,720.8         12,720.8
                                                       ---------      ---------         ---------

Equity securities:
   Non-redeemable preferred stocks                          51.3           57.6             57.6
   Innvestment in affiliated mutual funds                  173.4          191.8            191.8
   Common stock                                              6.9            8.2              8.2
                                                       ---------      ---------         ---------

     Total equity securities                               231.6          257.6            257.6
                                                       ---------      ---------         ---------

Short-term investments                                      15.1                            15.1
Mortgage loans                                              21.2                            21.2
Policy loans                                               338.6                           338.6
                                                       ---------                        ---------
         Total investments                             $12,530.2                       $13,353.3
                                                       ---------                        ---------
                                                       ---------                        ---------


 
* See Notes 1, 2 and 10 to the Consolidated Financial Statements.

(1)The term "foreign" includes foreign governments, foreign political
   subdivisions, foreign public utilities and all other bonds of foreign 
   issuers. All of the Company's foreign securities are denominated in U.S. 
   dollars.