As of December 31, 2005, Massachusetts Mutual Life Insurance Company (MassMutual) and its subsidiaries reported assets under management of a record $396 billion. This represents an increase of 22 percent from $326 billion as of December 31, 2004.

President and Chief Executive Officer Stuart H. Reese pointed to MassMutual's excellent financial strength ratings, diversified mix of products and services and superior distribution system as he discussed the 2005 financial results.

"In 2005, MassMutual Financial Group companies recorded outstanding performance and growth in many facets of our business," Mr. Reese said. "Our organization's fundamental strengths - including MassMutual's exceptional financial strength ratings, blue chip products and services, and a distribution system comprised of some of the most respected professionals in the industry - continued to serve us well and enabled us to achieve another year of outstanding growth and performance."

Other major results for MassMutual and its subsidiaries for 2005 follow:

	Premium and other deposits totaled $24.7 billion, up 6 percent.
	Statutory net income was $753 million, more than double the prior year.
	Dividends apportioned for policyholders were nearly $1.2 billion, a 15 percent increase.
	Assets under management by MassMutual and its family of companies, which include the assets managed by our subsidiaries OppenheimerFunds, Babson Capital Management and Baring Asset Management, rose 22 percent to $395.9 billion.
	Worldwide life insurance in force totaled $446.8 billion, up 3 percent.
	Statutory total adjusted capital increased 10 percent to $8.8 billion.

"2005 was an excellent year for our organization," Mr. Reese continued. "We took important steps during the year to enhance our financial position by improving efficiencies, reducing costs, expanding product offerings, building our capital base, maintaining our disciplined and prudent investment approach, and enhancing our corporate governance structure. Our diligent efforts are reflected in both our strong financial results and the exceptional value we continue to provide to our policyholders and clients.

"Looking ahead, I anticipate further strong growth and performance as we continue to invest in our fundamental strengths, gain efficiencies throughout the organization and sharpen our focus in core businesses."

FINANCIAL HIGHLIGHTS MassMutual Financial Group - Enterprise-wide Measures ($ in Millions) 2005 2004 % Change Assets Under Management (1) $395,881 $325,810 22% Premium & Other Deposits (2) 24,735 23,410 6% Sales: Worldwide Insurance 4,268 4,773 (11)% Retirement & Financial Products 5,023 5,905 (15)% Investment Management: Domestic 56,061 36,544 53% International 8,597 2,474 247%

(1) Assets Under Management include assets and certain external investment funds managed by our subsidiaries.
(2) Premium & Other Deposits include the premium of our worldwide insurance operations, and deposits made into certain external investment funds managed by our subsidiaries.

Consolidated Statutory Results* ($ In Millions) 2005 2004 % Change Life Company Assets $113,552 $108,216 5% Life Company Liabilities 106,864 101,925 5% Dividends Apportioned 1,162 1,007 15% Net Income 753 335 125% Net Income (excluding a one-time class action reserve in 2004) 753 651 16%

* These consolidated statutory results of Massachusetts Mutual Life Insurance Company also include its U.S.-domiciled wholly owned subsidiaries: MML Bay State Life Ins. Co., C.M. Life Ins. Co., CM Benefit Ins. Co. and CM Assurance Co.

Financial Strength Ratings* A.M. Best Company, A++ (Superior) Fitch Ratings, AAA (Exceptionally Strong) Moody's Investors Service, Aa1 (Excellent) Standard & Poor's, AAA (Extremely Strong)

* Massachusetts Mutual Life Insurance Company and its subsidiaries: C.M. Life Insurance Company and MML Bay State Life Insurance Company. Ratings as of 2/21/06. Ratings are subject to change.

MassMutual Financial Group companies - with more than $395 billion in assets under management as of December 31, 2005 - provide life insurance, annuities, disability income insurance, long-term care insurance, retirement planning products, structured settlement annuities, trust services, money management, and other financial products and services.

The MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliates, which include: OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; MML Investors Services, Inc., member FINRA and SiPC (www.finra.org www.sipc.org); The MassMutual Trust Company, FSB; MML Bay State Life Insurance Company; C.M. Life Insurance Company; and MassMutual International, Inc.