EXHIBIT 16(b)(ii)


                          AETNA INSURANCE COMPANY OF AMERICA
       (A wholly owned subsidiary of Aetna Life Insurance and Annuity Company)

                                      SCHEDULE I

            Summary of Investments - Other than Investments in Affiliates

                                  December 31, 1995
                                     (thousands)

                                                                  Amount at
                                                                 Which Shown
                                                                   in the
         Type of Investment            Cost            Value*   Balance Sheet
         ------------------            ----            ------   -------------

   Debt Securities:
    U.S. Treasury securities           $7,953.0       $8,187.4    $8,187.4
                                       --------       --------    --------

    Total Investments - other than
   investments in affiliates           $7,953.0       $8,187.4    $8,187.4
                                       --------       --------    --------


* See Notes 1, 2 and 9 to Financial Statements.