SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. _____________ )

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Check the appropriate box:
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Fortis Securities, Inc.
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(Name of Registrant as Specified in its Charter)

(specify)
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(Name of Person(s) Filing Proxy Statement if other than the Registrant)

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FORTIS SECURITIES, INC.
500 Bielenberg Drive, Woodbury, Minnesota 55125
Mailing Address: P.O. Box 64387, St. Paul, Minnesota 55164

NOTICE OF ANNUAL SHAREHOLDERS' MEETING

TO BE HELD ON DECEMBER 13, 2001

The annual meeting of the shareholders of Fortis Securities, Inc. (the
"Company") will be held at the offices of Hartford Life & Accident Insurance
Company ("Hartford Life"), 200 Hopmeadow Street, Simsbury, Connecticut, on
Thursday, December 13, 2001, at 8:00 a.m. Eastern Time for the following
purposes:

1. To set the number of directors at nine and to elect a Board of
Directors.

2. To ratify the selection by the Board of Directors of the
Company of KPMG LLP as independent public accountants for the
Company for the fiscal year ending July 31, 2002.

3. To transact such other business as may properly come before
the meeting.

Shareholders of record on October 31, 2001, are the only persons
entitled to notice of and to vote at the meeting.

Your attention is directed to the attached Proxy Statement. WHETHER OR
NOT YOU EXPECT TO BE PRESENT AT THE MEETING, PLEASE FILL IN, SIGN, DATE, AND
MAIL THE ENCLOSED PROXY AS PROMPTLY AS POSSIBLE IN ORDER TO SAVE THE COMPANY ANY
FURTHER SOLICITATION EXPENSE. An addressed envelope for which no postage is
required is enclosed.

Michael J. Radmer
Secretary

Dated: November 6, 2001

FORTIS SECURITIES, INC.
500 Bielenberg Drive, Woodbury, Minnesota 55125
Mailing Address: P.O. Box 64387, St. Paul, Minnesota 55164

PROXY STATEMENT

ANNUAL MEETING OF THE SHAREHOLDERS--DECEMBER 13, 2001

The enclosed proxy is solicited by the Board of Directors of Fortis
Securities, Inc. (the "Company") in connection with the annual meeting of
shareholders of the Company to be held December 13, 2001, and at any adjournment
(rescheduling) of the meeting. The costs of solicitation, including the cost of
preparing and mailing the Notice of Annual Shareholders' Meeting and this Proxy
Statement, will be paid by the Company, and such mailing will take place on
approximately November 6, 2001. Representatives of Hartford Administrative
Services Company ("HASCO"), the dividend disbursement agent for the Company, and
Hartford Life, without cost to the Company, may solicit proxies for the
management of the Company by means of mail, telephone, or personal calls. The
address of HASCO is that of the Company as provided above. Hartford Life is
principally located at 200 Hopmeadow Street, Simsbury, Connecticut 06070.

A proxy may be revoked by giving written notice of revocation to the
Secretary of the Company. Unless revoked, properly executed proxies that have
been returned by shareholders without instructions will be voted "for" each
proposal. In instances where choices are specified by the shareholders in the
proxy, those proxies will be voted or the vote will be withheld in accordance
with the shareholder's choice. With regard to the election of directors, votes
may be cast in favor or withheld. Abstentions may be specified for Proposal 2
(ratification of independent public accountants). Abstentions and votes withheld
with respect to the election of directors will be counted as present for
purposes of determining whether a quorum of shares is present at the meeting,
and will have the same effect as a vote "against" such item. So far as the Board
of Directors is aware, no matters other than those described in this Proxy
Statement will be acted upon at the meeting. Should any other matters properly
come before the meeting calling for a vote of shareholders, it is the intention
of the persons named as proxies to vote upon such matters according to their
best judgment.

Only those shareholders owning shares as of the close of business on
October 31, 2001 may vote at the meeting or any adjournments of the meeting. As
of that date, there were issued and outstanding 12,787,571 common shares, $.01
par value. Common shares represent the only class of securities of the Company.
Each shareholder is entitled to one vote for each share held.

If a quorum is not present at the meeting, or if a quorum is present
but sufficient votes to approve any of the proposals are not received, the
persons named as proxies may propose one or more adjournments of the meeting to
permit further solicitation of proxies. In determining whether to adjourn the
meeting, the

following factors may be considered: the nature of the proposals that are the
subject of the meeting, the percentage of votes actually cast, the percentage of
negative votes actually cast, the nature of any further solicitation, and the
information to be provided to shareholders with respect to the reasons for the
solicitation. Any adjournment will require the affirmative vote of a majority of
those shares represented at the meeting in person or by proxy.

A copy of the Company's most recent annual report is available upon
request. If you would like to receive a copy, please contact the Company at P.O.
Box 64387, St. Paul, Minnesota 55164 or call 1-800-800-2000, extension 3012, and
a copy will be sent, without charge, by first class mail within three business
days of your request.

SHARE OWNERSHIP

The following table sets forth the number of shares of the Company and
the number of shares of all other investment companies included in the family of
Fortis Funds owned beneficially by the directors of the Company and by all
officers and directors as a group, as of October 19, 2001.

Number of Company Shares Owned of
Beneficial Owner Shares Beneficially Owned Other Fortis Funds*
---------------- ------------------------- -------------------

Allen R. Freedman 0 18,017
Dr. Robert M. Gavin 0 50,033
Jean L. King 100 21,179
Phillip O. Peterson 0 0
Robb L. Prince 586 164,516
Leonard J. Santow 0 55,974
Noel F. Schenker 100 1,530
Dr. Lemma W. Senbet 0 0
Joseph M. Wikler 0 140,459
David M. Znamierowski 0 0
Officers and Directors as a group 786 651,546

- ---------------------
* "Other Fortis Funds" currently consists of eight open-end
investment companies. The open-end investment companies are
Fortis Advantage Portfolios, Inc.; Fortis Equity Portfolios,
Inc.; Fortis Growth Fund, Inc.; Fortis Income Portfolios,
Inc.; Fortis Money Portfolios, Inc.; Fortis Series Fund, Inc.;
Fortis Tax-Free Portfolios, Inc.; and Fortis Worldwide
Portfolios, Inc. On or about December 3, 2001, it is
anticipated that each of the above investment companies, with
the exception of Fortis Series Fund, Inc., will be
reincorporated in Maryland as series of a Maryland
Corporation.

As of October 19, 2001, all directors and officers as a group owned
less than 1% of the outstanding shares of the Company. As of this date, no
person, to the knowledge of Company management, owned beneficially more than 5%
of the voting shares of the Company.

PROPOSAL ONE
ELECTION OF DIRECTORS

At the meeting, shareholders will be asked to elect the members of the
Company's Board of Directors. The Bylaws of the Company provide that the
shareholders have the power to set the number of Directors (subject to the
authority of the Board of Directors to increase or decrease the number as
permitted by law). The Company's management recommends that the number of
directors to be elected at the annual meeting be set at nine. Unless otherwise
instructed, the proxies will vote in favor of a resolution to set the number of
directors at nine.

It is intended that the enclosed proxy will be voted for the election
of the nine persons named below as directors unless such authority has been
withheld in the proxy. All of the nominees, with the exception of Mr.
Znamierowski, were elected directors by the shareholders at their last annual
meeting and are currently serving as directors of the Company. The term of
office of persons elected will be until the next annual meeting of the
shareholders or until their successors are elected and shall qualify. Pertinent
information regarding each nominee's principal occupation and business
experience during at least the past five years is set forth below.

Directorships of Other
Name, Age, Term of Office Principal Occupation/Business Experience Reporting Companies
- --------------------------------------- ---------------------------------------------- ------------------------------

Allen R. Freedman, Age 61 Director, Fortis, Inc.; prior to July 2000, Other Fortis Funds; Systems
Director since 1987 (2) Chairman & CEO, Fortis, Inc., and Managing and Computer Technology
Director of Fortis International, N.V.; Corporation
director of Systems and Computer Technology
Corporation.

Dr. Robert M. Gavin, Age 61 Educational consultant; prior to September Other Fortis Funds
Director since 1986 (2) 1, 2001, President, Cranbrook Education
Community; prior to July 1996, President,
Macalester College, St. Paul, MN.

Jean L. King, Age 57 President, Communi-King, a communications Other Fortis Funds
Director since 1984 (2) consulting firm.

Phillip O. Peterson, Age 56 Mutual fund industry consultant; Partner of Other Fortis Funds
Director since 2000 (1) KPMG LLP, through June 1999.

Robb L. Prince, Age 60 Financial and employee benefit consultant; Other Fortis Funds; Analysts
Director since 1982 (2) prior to July 1995, Vice President and International Corporation
Treasurer, Jostens, Inc., a producer of
products and services for youth, education,
sports award, and recognition markets;
director of Analysts International
Corporation.

Leonard J. Santow, Age 65 Principal, Griggs & Santow, Inc., economic Other Fortis Funds
Director since 1972 (3) and financial consultants.

Noel F. Schenker, Age 47 Senior Vice President, Marketing and New Other Fortis Funds
Director since 1996 (2) Business Development, Select Comfort
Corporation, a manufacturer, retailer
and direct merchant of airbeds and
sleep-related products; prior to 2000,
marketing consultant; prior to 1996,
Senior Vice President, Marketing and
Strategic Planning, Rollerblade, Inc., a
manufacturer of in-line skates and
related gear and accessories.

Dr. Lemma W. Senbet, Age 54 The William E. Mayer Professor of Finance Other Fortis Funds
Director since 2000 (1) (3) and Chair, Finance Department, University of
Maryland, College Park, MD; consultant,
international financial institutions.

David M. Znamierowski *, Age 41 Senior Vice President, Chief Investment Other Fortis Funds
Director since June 11, 2001 (2) Officer and Director of Investment Strategy
of Hartford Life since 1999; Vice
President, Investment Strategy and
Policy with Aetna Life & Casualty
Company from 1991 to 1996; Managing
Member and Senior Vice President of
Hartford Investment Financial Services
Company ("HIFSCO") and HL Investment
Advisors, LLC ("HL Advisors").

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* Denotes the director who is an interested person, as defined in the
Investment Company Act of 1940, as amended (the "1940 Act"), of the
Company. Mr. Znamierowski is an "interested person" of the Company
primarily because he holds certain positions with affiliates of the
Company, including serving as Director and Senior Vice President of
HIFSCO, the investment adviser to the Company.
(1) Member of the Audit Committee of the Board of Directors.
(2) Member of the Executive Committee of the Board of Directors.
(3) Member of the Investment Review Committee of the Board of Directors.

The Company has an Audit Committee of the Board of Directors. The Audit
Committee currently consists of Dr. Senbet, Joseph M. Wikler, and Mr. Peterson.
Mr. Wikler is not standing for reelection to the Board of Directors. Each member
of the Audit Committee has been determined by the Board of Directors to be
"independent" within the meaning of the rules of the New York Stock Exchange.
The Audit Committee met two times during the fiscal year ended July 31, 2001.

The functions performed by the Audit Committee are to recommend
annually to the Board a firm of independent certified public accountants to
audit the books and records of the Company for the ensuing year; to monitor that
firm's performance; to review with the firm the scope and results of each audit
and determine the need, if any, to extend audit procedures; to confer with the
firm and representatives of the Company on matters concerning the Company's
financial statements and reports, including the appropriateness of its
accounting practices and of its financial controls and procedures; to evaluate
the independence of the firm; to review procedures to safeguard portfolio
securities; to review the purchase by the Company from the firm of nonaudit
services; to review all fees paid to the firm; and to facilitate communications
between the firm and the Company's officers and directors. A copy of the Fortis
Funds Audit Committee Charter is attached hereto as Appendix A.

The non-interested directors who are members of the Executive Committee
(e.g. Messrs. Freedman and Prince, Dr. Gavin and Mss. King and Schenker)
comprise the Nominating Committee of the Board of Directors. The Nominating
Committee met one time during the fiscal year ended July 31, 2001. The function
of the Nominating Committee is to screen and select candidates to the Board of
Directors. Any recommendations for nominees should be directed to the Secretary
of the Funds, who will forward them to the Nominating Committee. The Nominating
Committee will consider nominees recommended by shareholders if the Committee is
considering other nominees at the time of the recommendation and if the nominee
meets the Committee's criteria. The Company does not have a standing
compensation committee of the Board of Directors.

During the Company's fiscal year ended July 31, 2001, there were 19
meetings (of which 12 were telephonic) of the Board of Directors. No director
attended or participated telephonically in fewer than 75% of the aggregate of
the number of meetings of the Board of Directors and the number of meetings held
by all committees of the Board on which such director served. Historically, the
Board of Directors has met four times per year; the greater number of meetings
in the last fiscal year was largely due to the offer for sale and sale to
Hartford Life of the Company's previous investment adviser.

No compensation is paid by the Company to any Director or officer who
is an officer or employee of HIFSCO, HASCO, Hartford Life or any affiliated
company. During the fiscal year ended July 31, 2001, the Company paid each
director who is not affiliated with HIFSCO, HASCO or Hartford Life a quarterly
fee of $300, a fee of $200 for each directors' meeting attended, and a fee of
$75 per hour for committee and telephone meetings attended. The following table
sets forth the compensation received by each Director from the Company during
the fiscal year ended July 31, 2001, as well as the total compensation received
by each director from the Fund Complex (which includes the Company and the Other
Fortis Funds) during the calendar year ended December 31, 2000. Mr. Znamierowski
did not receive any such compensation and he is not included in the table.

Compensation Total Compensation
Director from the Company from Fund Complex
- --------------------- ---------------- ------------------
Allen R. Freedman (1) $1,524 $ 0
Dr. Robert M. Gavin $3,175 $36,375
Jean L. King $2,700 $36,150
Phillip O. Peterson $3,125 $26,100
Robb L. Prince $3,175 $38,175
Leonard J. Santow $3,356 $38,275
Noel F. Schenker $2,975 $36,150
Dr. Lemma W. Senbet $3,250 $26,325
Joseph M. Wikler (2) $3,450 $40,875

- ----------------
(1) During the calendar year ended December 31, 2000, Mr. Freedman was an
"interested person" of the Fund Complex and was not paid by the Fund
Complex for serving as a director.
(2) Mr. Wikler is not standing for reelection to the Board of Directors.

The Board of Directors recommends that shareholders set the number of
directors at nine and vote in favor of the above nominees to serve as Directors
of the Company. The vote of a majority of the shares represented at the meeting,
provided at least a quorum (more than 50% of the outstanding shares) is
represented in person or by proxy, is sufficient for the election of the above
nominees. Unless otherwise instructed, the proxies will vote for the above nine
nominees. All of the nominees listed above have consented to serve as directors
if elected. In the event any of the above nominees are not candidates for
election at the meeting, the proxies may vote for such other persons as
management may designate. Nothing currently indicates that such a situation will
arise.

PROPOSAL TWO
RATIFICATION OF
INDEPENDENT PUBLIC ACCOUNTANTS

The 1940 Act provides that every registered investment company shall be
audited at least once each year by independent public accountants selected by a
majority of the directors of the investment company who are not interested
persons of the investment company or of its investment adviser. The 1940 Act
provides that the selection be submitted for ratification or rejection by the
shareholders.

The Company's Board of Directors, including a majority of the directors
who are not interested persons of the Company, upon the recommendation of the
Company's Audit Committee, have selected KPMG LLP to be the Company's
independent public accountants for the fiscal year ending July 31, 2002. KPMG
LLP has no direct or material indirect financial interest in the Company other
than receipt of fees for services to the Company. KPMG LLP has served as the
independent public accountants of the Company since the fiscal year ended July
31, 1989. KPMG LLP also serves as independent public accountants for each of the
other Fortis Funds. Representatives of KPMG LLP are not expected to be present
at the meeting.

Report of the Audit Committee

The Audit Committee recommends to the Company's Board of Directors the
appointment of the Company's independent accountants. Management is responsible
for the Company's internal controls and the financial reporting process. The
Company's independent accountants are responsible for performing an independent
audit of the Company's financial statements in accordance with generally
accepted auditing

standards and to issue a report on the Company's financial statements. The Audit
Committee's responsibility is to oversee these processes.

In this context, the Audit Committee has met and held discussions with
management and the independent accountants. Management represented to the Audit
Committee that the Company's financial statements were prepared in accordance
with generally accepted accounting principles, and the Audit Committee has
reviewed and discussed the financial statements with management and the
independent accountants. The Audit Committee discussed with the independent
accountants matters required to be discussed by Statement on Auditing Standards
No. 61 (Communications with Audit Committees).

The Company's independent accountants also provided to the Audit
Committee the written disclosure required by Independence Standards Board
Standard No. 1 (Independence Discussions with Audit Committees), and the Audit
Committee discussed with the independent accountants the accounting firm's
independence. The Committee also considered whether non-audit services provided
by the independent accountants during the last fiscal year were compatible with
maintaining the independent accountants' independence.

Based upon the Audit Committee's discussion with management and the
independent accountants and the Audit Committee's review of the representation
of management and the report of the independent accountants to the Audit
Committee, the Audit Committee recommends to the Board of Directors that, with
respect to Fortis Securities, Inc., the audited financial statements for the
Company's most recent fiscal year (July 31, 2001) be included in the Annual
Report for Fortis Securities, Inc. for that fiscal year filed with the
Securities and Exchange Commission.

Members of the Audit Committee

Phillip O. Peterson
Dr. Lemma W. Senbet
Joseph M. Wikler

Fees Paid to KPMG

Audit Fees. KPMG LLP billed $18,000 to the Company for its most
recently completed fiscal year for professional services rendered for the audit
of the Company's financial statements.

Financial Information Systems Design and Implementation Fees. KPMG LLP
did not provide any financial information systems design and implementation
services to the Company during its most recently ended fiscal year.

All Other Fees. For the fiscal year ended July 31, 2001, KPMG LLP
billed the entire Fund Complex (or affiliates thereof) aggregate fees of
$138,900 for other non-audit services. Such fees were primarily for tax
services.

The Board of Directors recommends that shareholders vote in favor of
the ratification of KPMG LLP as the independent public accountants for the
Company. The affirmative vote of a majority of the shares represented at the
meeting, provided at least a quorum (more than 50% of the outstanding shares) is
represented in person or by proxy, is sufficient for the ratification of the
selection of the independent public accountants. Unless otherwise instructed,
the proxies will vote for the ratification of the selection of KPMG LLP as the
Company's independent public accountants.

EXECUTIVE OFFICERS OF THE COMPANY

Information about each executive officer's position and term of office
with the Company and business experience during at least the past five years is
set forth below. Unless otherwise indicated, all positions have been held more
than five years. Compensation paid to the executive officers of the Company is
paid by Hartford Life or its affiliates. No executive officer receives any
compensation from the Company, however, the Company's legal fees are paid to a
law firm of which the secretary of the Company is a partner.

Name and (Age) Position/Term of Office Business Experience During Past Five Years
- -------------- ----------------------- ------------------------------------------

David M. Znamierowski (41) President since 2001 See biographical information in Proposal One.

Robert W. Beltz, Jr. (52) Vice President since 1993 Vice President, Securities Operations of HASCO.

Kevin J. Carr (47) Vice President and Assistant Assistant General Counsel since 1999, Counsel since
Secretary since 2001 November 1996 and Associate Counsel since November
1995 of The Hartford; Counsel and Assistant Secretary
of HL Advisors and HIFSCO and Assistant Secretary of
HIMCO.

Peter W. Cummins (64) Vice President since 2001 Senior Vice President since 1997 and Vice President
since 1989 of Hartford Life; Director and Senior Vice
President of HIFSCO and Director and Managing Director
of HL Advisors.

Tamara L. Fagely (43) Treasurer since 1993 and Vice President of HASCO since 1998; prior to 1998,
Vice President since 1996 Second Vice President of HASCO.

Name and (Age) Position/Term of Office Business Experience During Past Five Years
- -------------- ----------------------- ------------------------------------------

George R. Jay (49) Vice President and Assistant Secretary and Director, Life and Equity Accounting and
Treasurer since 2001 Financial Control and Assistant Vice President of
Hartford Life.

Stephen T. Joyce (42) Vice President since 2001 Senior Vice President of Hartford Life since 1999;
Vice President (1997-1999) and Assistant Vice
President (1994-1997) of Hartford Life.

David N. Levenson (35) Vice President since 2001 Senior Vice President of Hartford Life since 2000;
Vice President, Fidelity Investments (1994-1995).

Thomas M. Marra (43) Vice President since 2001 Chief Operating Officer since 2000, Executive Vice
President since 1996, and Senior Vice President since
1994 of Hartford Life; Director and Executive Vice
President of HIFSCO; Director and Managing Director of
HL Advisors.

Scott R. Plummer (42) Vice President and Assistant Vice President, Associate General Counsel and
Secretary since 1996 Assistant Secretary of HASCO.

John C. Walters (39) Vice President since 2001 Executive Vice President of Hartford Life (since
2000); previously President (1996-2000) of First Union
Financial Securities Group; previously Director of
Sales (1994-1996) of Wheat First Union.

Michael J. Radmer (56) Secretary since 1978 Partner, Dorsey & Whitney LLP, the Company's General
Counsel.

OTHER MATTERS

Management does not intend to present any business to the meeting not
mentioned in this Proxy Statement and currently knows of no other business to be
presented. If any other matters are brought before the meeting, the persons
named as proxies will vote on such matters in accordance with their judgment of
the best interests of the Company.

Based on the Company records and other information, the Company
believes that all SEC filing requirements applicable to its directors and
officers pursuant to Section 16(a) of the Securities Exchange Act of 1934, with
respect to the Company's fiscal year ending July 31, 2001, were satisfied.

SHAREHOLDER PROPOSALS

Proposals of Company shareholders intended to be presented at the 2002
annual shareholders' meeting must be received at the Company's offices by July
15, 2002, in order to be considered for inclusion in the Company's proxy
statement and form of proxy for the 2002 annual meeting.

Dated: November 6, 2001 Michael J. Radmer, Secretary

APPENDIX A

FORTIS FUNDS

AUDIT COMMITTEE CHARTER

Approved September 26, 2001

1. Membership
----------

The Fortis Funds Audit Committee (the "Committee") shall be composed
entirely of independent directors./1/ The Committee shall be comprised
of at least three members with one member appointed as chairperson.
Each member shall be "financially literate" and at least one member
shall have "accounting or related financial management expertise."/2/

2. Purposes and Scope
------------------

The purposes and scope of responsibilities of the Committee are:

(a) to oversee the Funds' accounting and financial reporting
policies and practices, their internal controls and, as
appropriate, the internal controls of certain service
providers;

(b) to oversee the quality of the Funds' financial statements and
the independent audit thereof; and

- --------

/1/ Independent director for purposes of the Audit Committee
Charter is defined consistent with the New York Stock Exchange (NYSE)
definition whereby the Fund directors disclose annually all
relationships that might bear upon their independence. Upon reviewing
such information, the full Board of Directors will make determinations
regarding the independence of Committee members.

/2/ Determinations regarding these qualifications shall be made by
the Funds' Board of Directors in the exercise of its business judgment.

A-1

The function of the Committee is oversight; it is management's
responsibility to maintain appropriate systems for accounting and
internal control, and the outside auditor's responsibility is to plan
and carry out a proper audit.

Pursuant to NYSE requirements, and as set forth in more detail in
Section 3 below:

(i) the outside auditor for the Funds is ultimately
accountable to the Board of Directors and the Committee, and
the Committee and the Board of Directors have the ultimate
authority and responsibility to select, evaluate and, where
appropriate, replace the outside auditor (or to nominate the
outside auditor to be proposed for shareholder approval in any
proxy statement);

(ii) the Committee is responsible for ensuring that the
outside auditor submits on a periodic basis to the Committee a
formal written statement delineating all relationships between
the auditor and the Fund; and

(iii) the Committee is responsible for actively engaging in a
dialogue with the outside auditor with respect to any
disclosed relationships or services that may impact the
objectivity and independence of the outside auditor and for
recommending that the Board of Directors take appropriate
action in response to the outside auditors' report to satisfy
itself of the outside auditor's independence.

3. Duties and Responsibilities
---------------------------

To carry out its purposes, the Committee shall have the following
duties and powers:

(a) to recommend the selection, retention or termination of
outside auditors and, in connection therewith, to evaluate the
independence of the auditor as defined by the Independence
Standards Board and the SEC (including whether the auditor
provides any consulting services to the adviser or its
affiliates), and to receive the auditor's specific
representations as to its independence. The Committee will
continue its current practice of seeking the input of Fund
management on issues pertaining to the selection, retention or
termination of outside auditors.

(b) to review with management and independent auditors the audited
annual financial statements of Fortis Securities, Inc., and
prepare and deliver the Audit Committee's report required to
be included in the Fortis Securities, Inc. proxy statement.

A-2

(i) to review the arrangements for and scope of the annual
audit and any special audits;

(ii) to discuss any matters of concern relating to the Funds'
financial statements, including any material adjustments to
such statements recommended by the auditor, or other results
of such audit(s);

(iii) to consider the auditor's comments with respect to the
Funds' financial policies, procedures and internal accounting
controls and management's responses thereto;

(iv) to review the opinion the independent auditor renders to
the Board and shareholders; and

(v) to review the results of internal audits of areas that
impact the Funds;

(c) to consider the effect upon the Funds of any changes in
accounting principles or practices proposed by management or
the auditor;

(d) to review the fees charged to the Funds by the auditor for
audit and non-audit services;

(e) to investigate improprieties or suspected improprieties in
Fund operations;

(f) to review procedures to safeguard portfolio securities;

(g) to review the Funds' back-up procedures and disaster recovery
plans; and

(h) to report its activities to the full Board on a regular basis
and to make such recommendations with respect to the above and
other matters as the Committee may deem necessary or
appropriate.

The Committee will continue its current practice of regularly meeting
separately with outside auditors and Fund management, to give
representatives of both the opportunity to privately discuss issues of
interest to the Committee.

4. Meetings
--------

A-3

The Committee shall meet on a regular basis at least twice a year. The
Funds' Chief Accounting Officer shall attend such regular meetings,
along with other invited personnel of the adviser and affiliates,
including their internal auditors. The Committee may also hold special
meetings as circumstances require. Participation in meetings may be
telephonic.

5. Resources Available
-------------------

The Committee shall have the resources and authority appropriate to
discharge its responsibilities, including the authority to retain
special counsel and other experts or consultants at the expense of the
appropriate Fund(s).

6. Annual Review and Approval
--------------------------

The Committee shall review and assess the adequacy of this charter at
least annually and recommend any changes to the full Board of
Directors. The full Board of Directors shall approve this charter at
least annually.

A-4

FORTIS SECURITIES, INC.
PROXY SERVICE
POST OFFICE BOX 9148
FARMINGDALE, NY 11735-9855

- -To vote by mail, sign below exactly as your name appears
above and return the card in the envelope provided.
- -To vote by touch-tone phone, call 1-800-690-6903.
- -To vote by internet, use website www.proxyvote.com.

FORTIS SECURITIES, INC.

PROXY FOR ANNUAL SHAREHOLDERS' MEETING
TO BE HELD DECEMBER 13, 2001

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned appoints Michael J. Radmer, Robert W. Beltz, Jr., Scott
R. Plummer and Tamara L. Fagely and each of them with power to act without the
other and with the right of substitution in each, the proxies of the undersigned
to vote all shares of Fortis Securities, Inc. (the "Company") held by the
undersigned on October 31, 2001, at the annual Shareholders' Meeting of the
Company, to be held at the offices of Hartford Life & Accident Insurance
Company, 200 Hopmeadow Street, Simsbury, Connecticut, on Thursday, December 13,
2001, at 8:00 a.m. Eastern Time and at any adjournment thereof, with all powers
the undersigned would possess if present in person. All previous proxies given
with respect to the meeting are revoked.

THIS PROXY WILL BE VOTED AS INSTRUCTED ON THE MATTERS SET FORTH BELOW.
IT IS UNDERSTOOD THAT IF NO CHOICE IS SPECIFIED, THIS PROXY WILL BE VOTED "FOR"
ALL ITEMS. UPON ALL OTHER MATTERS THE PROXIES SHALL VOTE AS THEY DEEM IN THE
BEST INTERESTS OF THE COMPANY.

Receipt of Notice of Annual Shareholders' Meeting and Proxy Statement is
acknowledged by your execution of this proxy. Mark, sign, date, and return this
proxy in the addressed envelope--no postage required. Please mail promptly to
save the Company further solicitation expenses.

TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK. KEEP THIS
PORTION FOR YOUR RECORDS.
- --------------------------------------------------------------------------------
FORTIS SECURITIES, INC. DETACH AND RETURN THIS PORTION ONLY.

VOTE ON DIRECTORS

FOR OR WITH- OR FOR 1. TO SET THE NUMBER OF DIRECTORS AT NINE AND TO ELECT THE
ALL HOLD ALL FOLLOWING NOMINEES: 01) A.R. FREEDMAN, 02) R.M. GAVIN,
ALL EXCEPT 03) J.L. KING, 04) P.O. PETERSON, 05) R.L. PRINCE, 06)
L.J. SANTOW, 07) N.F. SCHENKER, 08) L.W. SENBET, 09)
[ ] [ ] [ ] D.M. ZNAMIEROWSKI. TO WITHHOLD AUTHORITY TO VOTE, MARK
"FOR ALL EXCEPT" AND WRITE THE NOMINEE'S NUMBER ON THE
LINE BELOW.

[ ] [ ] [ ] 2. PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS THE
INDEPENDENT PUBLIC ACCOUNTANTS FOR THE COMPANY.
FOR AGAINST ABSTAIN

IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED
TO VOTE UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENTS OR
POSTPONMENTS THEREOF.

(Please sign name(s) (If there are co-owners, (Date)
exactly as registered) both should sign)