UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ____)/*/ Cedar Income Fund, Ltd. ________________________________________________________________________________ (Name of Issuer) Common Stock, $1.00 par value ________________________________________________________________________________ (Title of Class of Securities) 15043810 _______________________________________________________________ (CUSIP Number) Robert S. Jett, III Counsel AEGON USA, INC. 4333 Edgewood Road, NE Cedar Rapids, Iowa 52499 (319) 398-8040 ________________________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 5, 1997 _______________________________________________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [X]. /*/ The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 25 Pages SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 2 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON,N.V. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 THE NETHERLANDS - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 584,567 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 584,567 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 584,567 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 26.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 HC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 3 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON USA, INC. 42-1310237 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 584,567 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 584,567 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 584,567 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 26.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 HC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 4 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON USA Investment Management, Inc. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 584,567 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 584,567 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 584,567 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 26.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IA - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 5 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PFL LIFE INSURANCE COMPANY - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 375,550 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 375,550 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 375,550 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 16.7% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 6 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BANKERS UNITED LIFE ASSURANCE COMPANY - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 84,700 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 84,700 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 84,700 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.8% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 7 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LIFE INVESTORS INSURANCE COMPANY OF AMERICA - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 76,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 76,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 76,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 8 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON USA REALTY ADVISORS, INC. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 44,317 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 44,317 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 44,317 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 9 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FIRST AUSA LIFE INSURANCE COMPANY - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 MARYLAND - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 4,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 4,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 4,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ Item 1. SECURITY AND ISSUER This Schedule relates to shares of Common Stock, $1.00 par value, (the "Issuer Common Stock"), of Cedar Income Fund, Ltd. (the "Issuer"). Holders of Common Stock are entitled to one vote per share on all matters to be voted on by the Issuer's shareholders. According to information provided by the Issuer, as of December 5, 1997, there were 2,245,411 shares of Common Stock issued and outstanding. The address of the Issuer's principal executive offices is 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499. Item 2. IDENTITY AND BACKGROUND (a), (b), (c) and (f). This Schedule is being filed by Aegon, N.V., a holding company organized under the laws of The Netherlands, Aegon USA, Inc., a subsidiary of Aegon, N.V. and a holding company incorporated under the laws of Iowa ("Aegon"), and by six wholly owned subsidiaries of Aegon: (i) Aegon USA Investment Management, Inc. ("AIM"), (ii) PFL Life Insurance Company ("PFL"), (iii) Bankers United Life Assurance Company ("Bankers"), (iv) Life Investors Insurance Company of America ("Life"), (v) Aegon USA Realty Advisors, Inc. ("Realty") and (vi) First AUSA Life Insurance Company ("AUSA") (the subsidiaries named in (ii) - (vi) above are referred to herein collectively as the "Subsidiaries"). Aegon, N.V., Aegon and the Subsidiaries (with the exception of Realty) are primarily engaged in the insurance business throughout Europe and the U.S. AIM provides investment management services and Realty provides real estate advisory services. Aegon, N.V.'s executive offices are located Mariahoeveplein 50, 2591 TV The Hague, The Netherlands. Aegon's and AUSA's executive offices are located at 1111 North Charles Street, Baltimore, Maryland 21201. The executive offices of AIM, PFL, Bankers, Life and Realty are located at 4333 Edgewood Road NE, Cedar Rapids, Iowa 52499. The names, business addresses, principal occupations and citizenship of the directors and executive officers of Aegon, N.V., Aegon, AIM and each of the Subsidiaries are set forth in Annex A hereto. Realty acts as Advisor and Aegon USA Realty Management, Inc. ("Management") acts as Property Manager for the Issuer. Both Realty and Management are wholly owned subsidiaries of Aegon. (d) and (e). During the last five years, none of Aegon, N.V., Aegon, AIM or any of the Subsidiaries, and, to the best knowledge of Aegon, N.V., Aegon, AIM and the Subsidiaries, none of the directors and executive officers of Aegon, N.V., Aegon, AIM or the Subsidiaries, have (i) been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding have been or are subject to a judgment, decree or final order enjoining future violations of, or Page 10 of 25 pages prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION All shares of Common Stock were purchased by the Subsidiaries with working capital of the Subsidiaries. Item 4. PURPOSE OF TRANSACTION The Subsidiaries have entered into a tender agreement, dated as of December 5, 1997 (the "Tender Agreement"), with SKR Management Corp., a New York corporation ("SKR"), a copy of which is filed as an exhibit to the Form 8-K filed by the Issuer on December 8, 1997 (the "Form 8-K") and incorporated herein by reference. The Tender Agreement was executed in connection with the execution of a Memorandum of Understanding, dated as of December 5, 1997, between the Issuer and SKR (the "Memorandum of Understanding"). The Memorandum of Understanding, a copy of which is filed as an exhibit to the Form 8-K, provides for, among other things and subject to certain conditions, a tender offer by SKR for all of the outstanding shares of Issuer Common Stock at a price of $7.00 per share. For additional information with respect to the Tender Agreement, see Item 6 below. Item 5. INTEREST IN SECURITIES OF THE ISSUER (a) and (b) The Subsidiaries collectively own 584,567 shares of Issuer Common Stock, constituting 26.0% of the outstanding Common Stock of the Issuer (see pages 2-9 hereof for the number of shares beneficially owned by each reporting person). This represents 26.0% of the total voting power of the Issuer Common Stock. (c) There have been no transactions in shares of Issuer Common Stock by Aegon, N.V., Aegon, AIM or the Subsidiaries, or to the best knowledge of Aegon, N.V., Aegon, AIM or the Subsidiaries, by any of the executive officers or directors of Aegon, N.V., Aegon, AIM or the Subsidiaries, during the past 60 days. (d) Not applicable. (e) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The Tender Agreement The Tender Agreement was executed by the Subsidiaries in order to induce SKR to execute the Memorandum of Understanding and in consideration of the substantial expenses Page 11 of 25 pages incurred and to be incurred by SKR in connection therewith. In the Tender Agreement, each of the Subsidiaries has agreed, subject to the terms and conditions specified therein, to tender or cause to be tendered to SKR pursuant to the Tender Offer all of the shares of Issuer Common Stock owned by such Subsidiary. No consideration was paid in connection with the execution of the Tender Agreement. None of Aegon, N.V., Aegon or AIM is a party to the Tender Agreement. In addition, the Tender Agreement provides for a "purchase option" (the "Option"), exercisable by SKR in certain circumstances. Upon receipt of notice from the Subsidiaries of a "Triggering Event," defined as "(i) the proposal by any person or group of persons of a Competing Transaction (as defined in the Memorandum of Understanding) in which the consideration to be received by holders of Issuer Common Stock is in excess of $7.00 per share in cash and which is applicable to each share of Issuer Common Stock outstanding (other than any shares of Issuer Common Stock owned by the person or group of persons proposing such Competing Transaction or any of their respective affiliates), and (ii) the withdrawal by the Board of Directors of the Issuer of its recommendation or proposed recommendation to the shareholders of the Issuer that they tender their shares in the Tender Offer," SKR has the right, pursuant to the Tender Agreement, to purchase all shares of Issuer Common Stock owned by the Subsidiaries at a price determined as described below. The purchase price payable by SKR upon exercise of the Option shall be equal to the price per share payable in the Competing Transaction giving rise to the Triggering Event; provided, however, in the event the price per share paid by SKR in the Tender Offer or in such Competing Transaction is increased (i) after SKR has given notice of its intent to exercise the Option, then SKR shall pay to the Subsidiaries in cash an additional amount per share for the shares to be purchased pursuant to the Option equal to the difference between (x) the highest price per share paid or to be paid by SKR in the Tender Offer or in such Competing Transaction, as applicable, and (y) the per share purchase price previously anticipated to be paid by SKR to the Subsidiaries, or (ii) after SKR has purchased the shares pursuant to the Option, then SKR shall pay to the Subsidiaries in cash an additional amount per share for the Shares so purchased equal to the difference between (x) the highest price per share paid by SKR in the Tender Offer or in any Competing Transaction, as applicable, and (y) the per share purchase price previously paid by SKR to the Subsidiaries. Investment Management Agreements Each of PFL, Bankers, Life and AUSA have entered into separate agreements with AIM, which gives AIM, subject to certain conditions in such agreements, power to direct the investment and reinvestment of the assets in such subsidiary's account, including the securities of the Issuer, in AIM's sole discretion. Realty has informally given AIM the same power over its assets. Page 12 of 25 pages Item 7. MATERIAL TO BE FILED AS EXHIBITS (a) Agreement among Aegon USA, Inc., PFL Life Insurance Company, Bankers United Life Assurance Company, Life Investors Insurance Company of America, Aegon USA Realty Advisors, Inc. and First AUSA Life Insurance Company relating to the joint filing of the Schedule 13D. (b) Tender Agreement, dated as of December 5, 1997, by and among the Subsidiaries and SKR Management Corp. (incorporated by reference to Exhibit 2.3 to the Issuer's Current Report on Form 8-K filed on December 8, 1997, File No. 0-14510). (c) Memorandum of Understanding, dated as of December 5, 1997, by and among the Issuer and SKR Management Corp. (incorporated by reference to Exhibit 2.1 to the Issuer's Current Report on Form 8-K filed December 8, 1997, File No. 0-14510). Page 13 of 25 pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. December 15, 1997 AEGON, N.V. /s/ Donald J. Shepard By:__________________________________ Donald J. Shepard Name: ___________________________ Executive Title:___________________________ AEGON USA, INC. /s/ Brenda Clancy By:__________________________________ Brenda Clancy Name: ___________________________ Senior V.P. and Treasurer Title:___________________________ AEGON USA INVESTMENT MANAGEMENT, INC. /s/ Patrick E. Falconio By:__________________________________ Patrick E. Falconio Name: ___________________________ President Title:___________________________ PFL LIFE INSURANCE COMPANY /s/ William L. Burler By:__________________________________ William L. Burler Name: ___________________________ President Title:___________________________ BANKERS UNITED LIFE ASSURANCE COMPANY /s/ Brenda Clancy By:__________________________________ Brenda Clancy Name: ___________________________ CFO and Treasurer Title:___________________________ Page 14 of 25 pages LIFE INVESTORS INSURANCE COMPANY OF AMERICA /s/ Patrick S. Baird By:__________________________________ Patrick S. Baird Name: ___________________________ Senior V.P. Title:___________________________ AEGON USA REALTY ADVISORS, INC. /s/ Patrick E. Falconio By:_________________________________ Patrick E. Falconio Name:____________________________ Director Title:___________________________ FIRST AUSA LIFE INSURANCE COMPANY /s/ Patrick S. Baird By:__________________________________ Patrick S. Baird Name: ___________________________ President Title:___________________________ Page 15 of 25 pages Annex A The following sets forth the company, name of individual and present principal occupation or employment of each of the directors and executive officers of Aegon, N.V., Aegon, AIM, PFL, Bankers, Life, Realty and AUSA. The business address for directors and executive officers of AEGON, N.V. is Mariahoeveplein 50, 2591 TV the Hague, The Netherlands. The business address for each of the AEGON and AUSA directors and executive officers is 1111 N. Charles Street, Baltimore, Maryland 21201. The business address for each of the AIM, PFL, Bankers, Life and Realty directors and executive officers is 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499.