Lincoln Fixed Annuity Ticker: N/A

Investment Objective The Lincoln Fixed Annuity is managed to earn a competitive interest rate without risking a loss of principal. Current Fixed Rate Money deposited into the Lincoln Fixed Annuity during this quarter will earn interest at the rate of 3.00% for the remainder of the quarter and the following three quarters. At the end of the guarantee period, these deposits and the accumulated interest will be credited with the portfolio rate in effect at that time. The portfolio rate for this quarter is 3.10%.

General Information Inception Date: 05/01/1983 Fund Manager: Delaware Investment Advisors Fund Phone Number 800-234-3500 Allocation (as of 12/31/2009) Investment grade publics and U.S. Government 67.48% Privates, non-investment grade publics & other 18.79% Mortgage Loans 10.17% Cash 3.21% Stock and Real Estate 0.44%

The Lincoln Fixed Annuity is issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, 46802 on Form 28866 and state variations thereof. Guarantees are based upon the claims-paying ability of the issuer. During certain periods of rising interest rates, this investment option may impose a 20% restriction on transfers and withdrawals.

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