Aegon USA Inc, et al. – ‘SC 13D’ on 12/6/02 re: Clark Inc

On:  Friday, 12/6/02, at 3:35pm ET   ·   Accession #:  950144-2-12533   ·   File #:  5-54813

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General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      Clark/Bardes, Inc.                                    18     79K 

Document Table of Contents

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 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

 UNDER THE SECURITIES EXCHANGE ACT OF 1934

(INITIAL FILING)

CLARK/BARDES, INC.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

 180668 10 5
(CUSIP Number)

Karen J. Epp
 Life Investors Insurance Company of America
 4333 Edgewood Road NE
Cedar Rapids, Iowa 52499
(319) 247-6115
 (Name, Address and Telephone Number of Person Authorized to Receive Notices
 and Communications)

 November 26, 2002
 (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 that is the subject of this Schedule 13D, and is filing this    
schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the   
following box. [X]                                                              

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                                  SCHEDULE 13D                                                               

-------------------------- ----------------------------------------------------------------------------------
                                                                                                             
        CUSIP NO.                                                                                            
       180668 10 5                                                                                           
-------------------------- ----------------------------------------------------------------------------------
            1              NAME OF REPORTING PERSON                                                          
                           S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                                  

                           AEGON, N.V.                                                                       
-------------------------- ----------------------------------------------------------------------------------
            2              CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                  
                           (A) [ ]                                                                           
                           (B) [X]                                                                           
-------------------------- ----------------------------------------------------------------------------------
            3              SEC USE ONLY                                                                      

-------------------------- ----------------------------------------------------------------------------------
            4              SOURCE OF FUNDS                                                                   

                           OO                                                                                
-------------------------- ----------------------------------------------------------------------------------
            5              CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D)   
                           OR 2(E) [ ]                                                                       
-------------------------- ----------------------------------------------------------------------------------
            6              CITIZENSHIP OR PLACE OF ORGANIZATION                                              

                           THE NETHERLANDS                                                                   
-------------------------- ----------------------------------------------------------------------------------
NUMBER OF SHARES     7     SOLE VOTING POWER                                                                 
BENEFICIALLY                                                                                                 
OWNED BY EACH              0                                                                                 
REPORTING PERSON                                                                                             
WITH                                                                                                         
                   ------- ----------------------------------------------------------------------------------
                     8     SHARED VOTING POWER                                                               

                           2,286,995                                                                         
                   ------- ----------------------------------------------------------------------------------
                     9     SOLE DISPOSITIVE POWER                                                            

                           0                                                                                 
                   ------- ----------------------------------------------------------------------------------
                     10    SHARED DISPOSITIVE POWER                                                          

                           2,286,995                                                                         
------------------ ------- ----------------------------------------------------------------------------------
           11              AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                      

                           2,286,995                                                                         
-------------------------- ----------------------------------------------------------------------------------
           12              CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES             
                           [ ]                                                                               
-------------------------- ----------------------------------------------------------------------------------
           13              PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                

                           12.67%                                                                            
-------------------------- ----------------------------------------------------------------------------------
           14              TYPE OF REPORTING PERSON                                                          

                           HC                                                                                
-------------------------- ----------------------------------------------------------------------------------

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SCHEDULE 13D

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-------------------------- ----------------------------------------------------------------------------------
                                                                                                             
        CUSIP NO.                                                                                            
       180668 10 5                                                                                           
-------------------------- ----------------------------------------------------------------------------------
            1              NAME OF REPORTING PERSON                                                          
                           S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                                  

                           AEGON USA, INC.                                                                   
-------------------------- ----------------------------------------------------------------------------------

            2              CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                  
                           (A) [ ]                                                                           
                           (B) [X]                                                                           
-------------------------- ----------------------------------------------------------------------------------
            3              SEC USE ONLY                                                                      

-------------------------- ----------------------------------------------------------------------------------
            4              SOURCE OF FUNDS                                                                   

                           OO                                                                                
-------------------------- ----------------------------------------------------------------------------------
            5              CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D)   
                           OR 2(E) [ ]                                                                       
-------------------------- ----------------------------------------------------------------------------------
            6              CITIZENSHIP OR PLACE OF ORGANIZATION                                              

                           IOWA                                                                              
-------------------------- ----------------------------------------------------------------------------------
NUMBER OF SHARES     7     SOLE VOTING POWER                                                                 
BENEFICIAL OWNED                                                                                             
BY EACH                    0                                                                                 
REPORTING PERSON                                                                                             
WITH                                                                                                         
                   ------- ----------------------------------------------------------------------------------
                     8     SHARED VOTING POWER                                                               

                           2,286,995                                                                         
                   ------- ----------------------------------------------------------------------------------
                     9     SOLE DISPOSITIVE POWER                                                            

                           0                                                                                 
                   ------- ----------------------------------------------------------------------------------
                     10    SHARED DISPOSITIVE POWER                                                          

                           2,286,995                                                                         
------------------ ------- ----------------------------------------------------------------------------------
           11              AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                      

                           2,286,995                                                                         
-------------------------- ----------------------------------------------------------------------------------
           12              CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES             
                           [ ]                                                                               
-------------------------- ----------------------------------------------------------------------------------
           13              PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                

                           12.67%                                                                            
-------------------------- ----------------------------------------------------------------------------------
           14              TYPE OF REPORTING PERSON                                                          

                           HC                                                                                
-------------------------- ----------------------------------------------------------------------------------

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SCHEDULE 13D

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-------------------------- ----------------------------------------------------------------------------------
                                                                                                             
        CUSIP NO.                                                                                            
       180668 10 5                                                                                           
-------------------------- ----------------------------------------------------------------------------------
            1              NAME OF REPORTING PERSON                                                          
                           S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                                  

                           AUSA HOLDING COMPANY                                                              
-------------------------- ----------------------------------------------------------------------------------
            2              CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                  
                           (A) [ ]                                                                           
                           (B) [X]                                                                           
-------------------------- ----------------------------------------------------------------------------------
            3              SEC USE ONLY                                                                      

-------------------------- ----------------------------------------------------------------------------------
            4              SOURCE OF FUNDS                                                                   

                           OO                                                                                
-------------------------- ----------------------------------------------------------------------------------
            5              CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D)   
                           OR 2(E) [ ]                                                                       
-------------------------- ----------------------------------------------------------------------------------
            6              CITIZENSHIP OR PLACE OF ORGANIZATION                                              

                           MARYLAND                                                                          
-------------------------- ----------------------------------------------------------------------------------
NUMBER OF SHARES     7     SOLE VOTING POWER                                                                 
BENEFICIAL OWNED                                                                                             
BY EACH                    0                                                                                 
REPORTING PERSON                                                                                             
WITH                                                                                                         
                   ------- ----------------------------------------------------------------------------------
                     8     SHARED VOTING POWER                                                               

                           2,286,995                                                                         
                   ------- ----------------------------------------------------------------------------------
                     9     SOLE DISPOSITIVE POWER                                                            

                           0                                                                                 
                   ------- ----------------------------------------------------------------------------------
                     10    SHARED DISPOSITIVE POWER                                                          

                           2,286,995                                                                         
------------------ ------- ----------------------------------------------------------------------------------
           11              AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                      

                           2,286,995                                                                         
-------------------------- ----------------------------------------------------------------------------------
           12              CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES             
                           [ ]                                                                               
-------------------------- ----------------------------------------------------------------------------------
           13              PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                

                           12.67%                                                                            
-------------------------- ----------------------------------------------------------------------------------
           14              TYPE OF REPORTING PERSON                                                          

                           HC                                                                                
-------------------------- ----------------------------------------------------------------------------------

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SCHEDULE 13D

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-------------------------- ----------------------------------------------------------------------------------
                                                                                                             
        CUSIP NO.                                                                                            
       180668 10 5                                                                                           
-------------------------- ----------------------------------------------------------------------------------
            1              NAME OF REPORTING PERSON                                                          
                           S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                                  

                           LIFE INVESTORS INSURANCE COMPANY OF AMERICA                                       
-------------------------- ----------------------------------------------------------------------------------
            2              CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                  
                           (A) [ ]                                                                           
                           (B) [X]                                                                           
-------------------------- ----------------------------------------------------------------------------------
            3              SEC USE ONLY                                                                      

-------------------------- ----------------------------------------------------------------------------------
            4              SOURCE OF FUNDS                                                                   

                           WC                                                                                
-------------------------- ----------------------------------------------------------------------------------
            5              CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D)   
                           OR 2(E) [ ]                                                                       
-------------------------- ----------------------------------------------------------------------------------
            6              CITIZENSHIP OR PLACE OF ORGANIZATION                                              

                           IOWA                                                                              
-------------------------- ----------------------------------------------------------------------------------
NUMBER OF SHARES     7     SOLE VOTING POWER                                                                 
BENEFICIAL OWNED                                                                                             
BY EACH                    0                                                                                 
REPORTING PERSON                                                                                             
WITH                                                                                                         
                   ------- ----------------------------------------------------------------------------------

                     8     SHARED VOTING POWER                                                               

                           1,175,840                                                                         
                   ------- ----------------------------------------------------------------------------------
                     9     SOLE DISPOSITIVE POWER                                                            

                           0                                                                                 
                   ------- ----------------------------------------------------------------------------------
                     10    SHARED DISPOSITIVE POWER                                                          

                           1,175,840                                                                         
------------------ ------- ----------------------------------------------------------------------------------
           11              AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                      

                           1,175,840                                                                         
-------------------------- ----------------------------------------------------------------------------------
           12              CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES             
                           [ ]                                                                               
-------------------------- ----------------------------------------------------------------------------------
           13              PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                

                           6.51%                                                                             
-------------------------- ----------------------------------------------------------------------------------
           14              TYPE OF REPORTING PERSON                                                          

                           IC                                                                                
-------------------------- ----------------------------------------------------------------------------------

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SCHEDULE 13D

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-------------------------- ----------------------------------------------------------------------------------
        CUSIP NO.                                                                                            
       180668 10 5                                                                                           
-------------------------- ----------------------------------------------------------------------------------
                                                                                                             
            1              NAME OF REPORTING PERSON                                                          
                           S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                                  

                           TRANSAMERICA LIFE INSURANCE COMPANY                                               
-------------------------- ----------------------------------------------------------------------------------
            2              CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                  
                           (A) [ ]                                                                           
                           (B) [X]                                                                           
-------------------------- ----------------------------------------------------------------------------------
            3              SEC USE ONLY                                                                      

-------------------------- ----------------------------------------------------------------------------------
            4              SOURCE OF FUNDS                                                                   

                           WC                                                                                
-------------------------- ----------------------------------------------------------------------------------
            5              CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D)   
                           OR 2(E) [ ]                                                                       
-------------------------- ----------------------------------------------------------------------------------
            6              CITIZENSHIP OR PLACE OF ORGANIZATION                                              

                           IOWA                                                                              
-------------------------- ----------------------------------------------------------------------------------
NUMBER OF SHARES     7     SOLE VOTING POWER                                                                 
BENEFICIAL OWNED                                                                                             
BY EACH                    0                                                                                 
REPORTING PERSON                                                                                             
WITH                                                                                                         
                   ------- ----------------------------------------------------------------------------------
                     8     SHARED VOTING POWER                                                               

                           1,111,155                                                                         
                   ------- ----------------------------------------------------------------------------------
                     9     SOLE DISPOSITIVE POWER                                                            

                           0                                                                                 
                   ------- ----------------------------------------------------------------------------------
                     10    SHARED DISPOSITIVE POWER                                                          

                           1,111,155                                                                         
------------------ ------- ----------------------------------------------------------------------------------
           11              AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                      

                           1,111,155                                                                         
-------------------------- ----------------------------------------------------------------------------------
           12              CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES             
                           [ ]                                                                               
-------------------------- ----------------------------------------------------------------------------------
           13              PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                

                           6.16%                                                                             
-------------------------- ----------------------------------------------------------------------------------
           14              TYPE OF REPORTING PERSON                                                          

                           IC                                                                                
-------------------------- ----------------------------------------------------------------------------------

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Item 1.  SECURITY AND ISSUER                                                    

This Statement on Schedule 13D (this "Statement") relates to the Common Stock,  
$.01 par value per share ("Common Stock") of Clark/Bardes, Inc., a Delaware     
corporation (the "Issuer"). The principal executive officers of the Issuer are  
located at 102 S. Wynstone Park Drive, Suite 200, North Barrington, IL 60010.   

Item 2.  IDENTITY AND BACKGROUND                                                

(a), (b), (c), and (f). This Statement is 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, AUSA Holding Company ("AUSA"), a subsidiary of AEGON USA, Inc. and a      
holding company incorporated under the laws of Maryland, and two wholly owned   
insurance company subsidiaries of AEGON USA, Inc.: (i) Life Investors           
Insurance Company of America ("Life Investors"), and (ii) Transamerica Life     
Insurance Company ("Transamerica") (the subsidiaries named in (i) and (ii) are  
referred to collectively as the "Subsidiaries"). AEGON, N.V., AEGON USA, Inc.,  
AUSA, and the Subsidiaries are primarily engaged in the insurance business      
throughout Europe and the U.S. AEGON, N.V.'s executive offices are located at   
Mariahoeveplein 50, 2591 TV, The Hauge, The Netherlands. AEGON USA, Inc. and    
AUSA's executive offices are located at 1111 North Charles Street, Baltimore,   
Maryland 21201. The executive offices of the Subsidiaries 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 USA, Inc., AUSA, and each
of the Subsidiaries are set forth in Annex A hereto.                            

(d) and (e). During the last five years, none of AEGON, N.V., AEGON USA, Inc.,  
AUSA, or the Subsidiaries, and, to the best knowledge of AEGON, N.V. AEGON USA, 
Inc., AUSA, or the Subsidiaries, none of the directors and executive officers of
AEGON, N.V. AEGON USA, Inc., AUSA, 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
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.                             

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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 hold the shares of Common Stock for general investment         
purposes.                                                                       

On February 14, 2001 Life Investors filed Schedule 13G with respect to its      
ownership of over 5% of the Common Stock of Issuer.                             

Transamerica purchased 1,111,155 shares of Common Stock of Issuer on November   
21, 2002 at a price of $17.7412 per share from Phoenix Life Insurance Company.  

On November 26, 2002, Issuer sent a letter to AUSA and Robert E. Long, Jr.      
whereby Issuer agreed to appoint Robert E. Long, Jr. to fill the exiting vacant 
directorship on Issuer's Board of Directors. Additionally, Issuer agreed that   
beginning with Issuer's 2005 annual meeting of shareholders and continuing as   
long as AUSA and its affiliates own more than ten percent (10%) of the issued   
and outstanding shares of Issuer's common stock, that Issuer's Board of         
Directors shall consider AUSA's recommendation for the nomination of one        
director to Issuer 's Board of Directors. Robert E. Long and AUSA acknowledged  
and accepted the letter by execution thereof on November 26, 2002.              

The Reporting Persons or affiliates of the Reporting Persons, may from time to  
time acquire additional shares of Common Stock in open market or negotiated     
block transactions, consistent with their investment purposes. Additionally, the
Subsidiaries may from time to time sell its shares of Common Stock in open      
market transactions or in negotiated block sales to one or more purchasers,     
consistent with its investment purpose. None of the Reporting Persons currently 
have plans to purchase additional shares of Common Stock or plans or proposals  
which relate to, or would result in (i) the acquisition of additional securities
of the Issuer or the disposition of securities of the Issuer, (ii) an           
extraordinary corporate transaction, such as a merger, reorganization or        
liquidation involving the Issuer or any of its subsidiaries, (iii) the sale or  
transfer of a material amount of assets of the Issuer or of any of its          
subsidiaries, (iv), any material change in the present capitalization or        
dividend policy of the Issuer, (v) any other material change in the Issuer's    
business or corporate structure, (vi) changes in the Issuer's charter, bylaws or
instruments corresponding thereto or other actions which may impede the         
acquisition of control of the Issuer by any person, (vii) causing a class of the
Issuer's securities to be delisted from a national securities exchange or to    
cease to be authorized to be quoted in any inter-dealer quotation system of a   
registered national securities association, (viii) a class of the Issuer's      
equity securities becoming eligible for termination of registration pursuant to 
Section 12(g)(4) of the Securities Exchange Act of 1934, or (ix) any action     
similar to any of those enumerated above.                                       

Item 5. INTEREST IN SECURITIES OF THE ISSUER                                    

(a) and (b) The Subsidiaries collectively own 2,286,995 shares of the Issuer    
Common Stock, constituting 12.67% of the outstanding Common Stock of the Issuer 
(see boxes 11 and 13 on pages 2-6 hereof for the number of shares beneficially  
owned by each reporting person). This represents 12.67% of the total voting     
power of the Issuer's Common Stock.                                             

(c) See Item 4.                                                                 

(d) Not applicable.                                                             

(e) Not applicable.                                                             

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Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER                                                        

Not applicable.                                                                 

Item 7. MATERIAL TO BE FILED AS EXHIBITS                                        

The following will be filed as exhibits hereto:                                 

1.       Agreement among AEGON,N.V., AEGON USA, Inc., AUSA Holding Company,     
Transamerica and Life Investors relating to the joint filing of the Schedule    
13D.                                                                            

2.       Side Letter to Membership Interest Purchase Agreement dated November   
26, 2002 from Issuer to Robert E. Long, Jr. and AUSA.                           

3.       Stock Purchase Agreement between Transamerica and Phoenix Life         
Insurance Company dated November 21, 2002.                                      

 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.                                                                        

Dated December 5, 2002                                                          

AEGON, N.V. 

             By: /s/ Donald J. Shepard
                                  ----------------------------------------

           Name: Donald J. Shepard
                                    --------------------------------------

                    Title: Chairman, Executive Board
                                     -------------------------------------

   AEGON USA, Inc.

           By: /s/ Craig D. Vermie
                                  ----------------------------------------

         Name: Craig D. Vermie
                                    --------------------------------------

                            Title: VP, Secretary and General Counsel
                                     -------------------------------------

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        AUSA Holding Company

           By: /s/ Peter H. Gilman
                                  ----------------------------------------

         Name: Peter H. Gilman
                                    --------------------------------------

Title: VP   
                                     -------------------------------------

                               Life Investors Insurance Company of America

           By: /s/ Peter H. Gilman
                                  ----------------------------------------

         Name: Peter H. Gilman
                                    --------------------------------------

Title: VP   
                                     -------------------------------------

                       Transamerica Life Insurance Company

           By: /s/ Peter H. Gilman
                                  ----------------------------------------

         Name: Peter H. Gilman
                                    --------------------------------------

Title: VP   
                                     -------------------------------------

 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 USA, Inc., AUSA, Life Investors, and Transamerica. The       
business address for the Supervisory Board and executive officers of AEGON, N.V.
is Mariahoeveplein 50, 2591 TV The Hauge, The Netherlands. The business address 
for each of the AEGON USA, Inc. and AUSA's directors and executive officers is  
1111 North Charles Street, Baltimore, Maryland 21201. The business address for  
the Subsidiaries directors and executive officers is 4333 Edgewood Road, NE,    
Cedar Rapids, Iowa 52499.                                                       

                                                        [Enlarge/Download Table]

Company                            Name                        Position                       Citizenship    
---------------------------------- --------------------------- ------------------------------ ---------------
                                                                                                             
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        M. Tabaksblat               Supervisory Board, Chairman    Dutch          
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        H. De Ruiter                Supervisory Board,             Dutch          
                                                               Vice-Chairman                                 
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        D.G. Eustace                Supervisory Board              British        
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        O.J. Olcay                  Supervisory Board              American       
---------------------------------- --------------------------- ------------------------------ ---------------

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---------------------------------- --------------------------- ------------------------------ ---------------
                                                                                                             
AEGON, N.V.                        K.M.H. Peijs                Supervisory Board              Dutch          
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        G.A. Posthumus              Supervisory Board              Dutch          
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        T. Rembe                    Supervisory Board              American       
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        W.F.C. Stevens              Supervisory Board              Dutch          
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        F.J. De Wit                 Supervisory Board              Dutch          
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        Ruurd A. van den Berg       Director of Group Finance,     Dutch          
                                                               Senior Vice President                         
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON, N.V.                        Erik Lagendijk              Vice President,                Dutch          
                                                               General Counsel                               
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON USA, Inc.                    Patrick S. Baird            Director, Chief Executive      American       
                                                               officer                                       
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON USA, Inc.                    James A. Beardsworth        Director                       American       
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON USA, Inc.                    Brenda K. Clancy            Executive Vice President       American       
---------------------------------- --------------------------- ------------------------------ ---------------
AEGON USA, Inc.                    Robert J. McGraw            Executive Vice President       American       
---------------------------------- --------------------------- ------------------------------ ---------------
AUSA Holding Company               Brenda K. Clancy            Director, Treasurer            American       
---------------------------------- --------------------------- ------------------------------ ---------------
AUSA Holding Company               Arthur C. Schneider         Director                       American       
---------------------------------- --------------------------- ------------------------------ ---------------
AUSA Holding Company               Craig D. Vermie             Director, Secretary, General   American       
                                                               Counsel                                       
---------------------------------- --------------------------- ------------------------------ ---------------
AUSA Holding Company               James A. Beardsworth        President                      American       
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Brenda K. Clancy            Director, Chief Financial      American       
of America                                                     Officer                                       
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Rex B. Eno                  Director, Chairman of the      American       
of America                                                     Board                                         
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Mike Kirby                  Director, President            American       
of America                                                                                                   
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Diane Meiners               Director, Vice President       American       
of America                                                                                                   
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Larry N. Norman             Director, Executive Vice       American       
of America                                                     President                                     
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Arthur C. Schneider         Director, Vice President,      American       
of America                                                     Chief Tax Officer                             
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Craig D. Vermie             Director, Vice President,      American       
of America                                                     Secretary, and General                        
                                                               Counsel                                       
---------------------------------- --------------------------- ------------------------------ ---------------
Life Investors Insurance Company   Robert J. Kontz             Vice President, Corporate      American       
of America                                                     Controller                                    
---------------------------------- --------------------------- ------------------------------ ---------------
Transamerica Life Insurance        Brenda K. Clancy            Director, Chief Financial      American       
Company                                                        Office, Treasurer, Vice                       
                                                               President                                     
---------------------------------- --------------------------- ------------------------------ ---------------
Transamerica Life Insurance        Christopher J. Garrett      Director                       American       
Company                                                                                                      
---------------------------------- --------------------------- ------------------------------ ---------------
Transamerica Life Insurance        Larry N. Norman             Director, Chairman of the      American       
Company                                                        Board, President                              
---------------------------------- --------------------------- ------------------------------ ---------------
Transamerica Life Insurance        Arthur C. Schneider         Director, Vice President,      American       
Company                                                        Chief Tax Officer                             
---------------------------------- --------------------------- ------------------------------ ---------------
Transamerica Life Insurance        Craig D. Vermie             Director, Vice President,      American       
Company                                                        Secretary, and General                        
                                                               Counsel                                       
---------------------------------- --------------------------- ------------------------------ ---------------
Transamerica Life Insurance        Robert J. Kontz             Vice President, Corporate      American       
Company                                                        Controller                                    
---------------------------------- --------------------------- ------------------------------ ---------------

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                                                                       EXHIBIT 1

JOINT FILING AGREEMENT

The undersigned parties hereby agree that the Schedule 13D filed herewith (and  
any amendments thereto) relating to the stock of Clark/Bardes, Inc. is being    
filed jointly with the Securities and Exchange Commission pursuant to Rule      
13d-1(k) under the Securities Exchange Act of 1934, as amended, on behalf of    
each such person.                                                               

Dated: December 5, 2002.                                                        

AEGON, N.V.         

     By: /s/ Donald J. Shepard
                          ----------------------------------------

   Name: Donald J. Shepard
                            --------------------------------------

            Title: Chairman, Executive Board
                             -------------------------------------

AEGON USA, Inc.     

   By: /s/ Craig D. Vermie
                          ----------------------------------------

 Name: Craig D. Vermie
                            --------------------------------------

                    Title: VP, Secretary and General Counsel
                             -------------------------------------

AUSA Holding Company

   By: /s/ Peter H. Gilman
                          ----------------------------------------

 Name: Peter H. Gilman
                            --------------------------------------

Title: VP           
                             -------------------------------------

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               Transamerica Life Insurance Company

   By: /s/ Peter H. Gilman
                          ----------------------------------------

 Name: Peter H. Gilman
                            --------------------------------------

Title: VP           
                             -------------------------------------

                       Life Investors Insurance Company of America

   By: /s/ Peter H. Gilman
                          ----------------------------------------

 Name: Peter H. Gilman
                            --------------------------------------

Title: VP           
                             -------------------------------------

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                                                                     EXHIBIT 2

CLARK/BARDES, INC.
 102 WYNSTONE PARK DRIVE
NORTH BARRINGTON, ILLINOIS 60610

                                                               November 26, 2002

Robert E. Long, Jr.                                                             
c/o Long, Miller & Associates, LLC                                              
300 North Greene Street, Suite 2050                                             
Greensboro, North Carolina  27401                                               

AUSA  Holding Company                                                           
c/o Life Investors Insurance Company of America                                 
4333 Edgewood Road, N.E.                                                        
Cedar Rapids, IA  52499                                                         

Re:      Side Letter to Membership Interest Purchase Agreement

Gentlemen:                                                                      

       Reference is hereby made to that certain Membership Interest Purchase
Agreement dated as of September 25, 2002 (as amended, the "Agreement") by and   
among Clark/Bardes, Inc., a Delaware corporation ("CBI"), Clark/Bardes          
Consulting, Inc., a Delaware corporation, and Long, Miller & Associates, LLC, a 
North Carolina limited liability company, Robert E. Long, Jr., Kenneth D.       
Miller, Alan H. Norton, Michael E. Twilley, Andrew C. Lee, Lawrence R. Stoehr,  
Richard W. Mann and AUSA Holding Company, a Maryland corporation ("AUSA"). Terms
capitalized but not defined herein shall have the meanings ascribed to them in  
the Agreement.                                                                  

 In consideration of the promises and covenants contained in the
Agreement and in furtherance of the transactions contemplated by the Agreement, 
CBI, Robert E. Long, Jr. and AUSA hereby agree to the following:                

        1.       CBI's Board of Directors shall appoint Robert E. Long, Jr. to
         fill the existing vacant directorship on its Board of
                  Directors, which is set to expire at CBI's 2005 Annual Meeting
                of Shareholders, at the next CBI Board of Directors' meeting
following the Closing.                      

        2.       Beginning with CBI's 2005 Annual Meeting of Shareholders, and
                 continuing thereafter, as long as AUSA and its affiliates own
             more than ten percent (10%) of the issued and outstanding
              shares of CBI common stock, CBI's Board of Directors shall
            consider AUSA's recommendation for the nomination of one
director to CBI's Board of Directors.       

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      Please acknowledge and accept the above agreements by executing this
letter where indicated below.                                                   

                                   Very truly yours,

                                    CLARK/BARDES, INC.

                     /S/
                                            --------------------------
                     By:
                                               -----------------------
                        Title:
                                                  --------------------

ACKNOWLEDGED AND ACCEPTED as of                                                 
the 26th day of November, 2002.                                                 

ROBERT E. LONG, JR.                                                             

/S/                                                                         
--------------------------------                                                
AUSA HOLDING COMPANY                                                            

/S/                                                                             
--------------------------------                                                
By:                                                                             
-----------------------------                                             
Title:                                                                          
--------------------------                                          

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                                                                     EXHIBIT 3

STOCK PURCHASE AGREEMENT

       This Stock Purchase Agreement, dated this 21st day of November, 2002,
is entered into by and between Transamerica Life Insurance Company (hereinafter 
"Transamerica") of Cedar Rapids, Iowa and Phoenix Life Insurance Company        
(hereinafter "Seller") of Hartford, Connecticut.                                

        WHEREAS Seller owns 555,600 shares of registered common stock of Clark
Bardes Holdings, Inc. (the "Registered Shares") and 555,555 shares of common    
stock of Clark Bardes Holdings, Inc. that was acquired in a private placement   
transaction effected on September 11, 2000 (the "Privately Placed Shares") (the 
Registered Shares and the Privately Placed Shares are hereinafter collectively  
referred to as the "Shares") and would like to sell 1,111,155 of the Shares to  
Transamerica; and                                                               

  WHEREAS Transamerica intends to purchase the Shares from Seller.

NOW THEREFORE, in consideration of the mutual covenants and promises  
contained in this Stock Purchase Agreement, Transamerica and Seller agree:      

 SECTION ONE
TERMS AND CONDITIONS

1.1      Transamerica hereby agrees to purchase from Seller and Seller agrees to
sell to Transamerica the Shares.                                                

1.2      The total purchase price for the Shares shall be computed as follows:  

The average of the per share volume weighted average price (as
determined by reference to Bloomberg Financial Markets page that reports such   
information) for each of the five (5) consecutive business days immediately     
preceding the Closing Date, times the aggregate number of Shares being purchased
hereunder.                                                                      

1.3      On the Closing Date for the purchase and sale of the Shares,           
Transamerica shall pay the purchase price by wire transfer of immediately       
available funds in U.S. dollars to the bank account of Seller designated in     
writing at least one business day prior to the Closing Date.                    

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1.4      Seller agrees to transfer the Shares to Transamerica effective on the  
Closing Date.                                                                   

1.5      The Closing Date for the purchase and sale shall be November 21st,     
2002. On or before the Closing Date both parties shall sign this Stock Purchase 
Agreement. Transamerica acknowledges that it has received (i) an acceptable     
opinion from Seller regarding, in general, the transferability of the Privately 
Placed Shares and specifically that the requirements for the resale of such     
Shares under Rule 144 have been met; and (ii) a copy of the letter from Clark   
Bardes Holdings, Inc. directing its common stock transfer agent to remove the   
restrictive legend from the Privately Placed Shares.                            

 SECTION TWO
REPRESENTATIONS AND WARRANTIES

2.1      Seller represents and warrants to Transamerica that:                   

         a.       Seller is the owner of all of the Shares free and clear of any
              lien, encumbrance or charge and has full power to sell and
transfer the Shares to Transamerica.        

     b.       Seller is transferring to Transamerica good and marketable
                  title to all of the Shares and that the Shares are free of all
restrictions on resale by Seller.           

c.       Seller has held the Shares for over two years.       

  d.       Seller is not selling the Shares based upon any insider
information.                                

2.2      Transamerica represents and warrants to Seller that:                   

     a.       Transamerica is duly incorporated, validly existing and in
                  good standing under the laws of the State of Iowa and has full
                 corporate power and authority to perform its obligation under
this Stock Purchase Agreement.              

      b.       The execution and delivery of this Stock Purchase Agreement
                  and the consummation of the transaction provided in this Stock
              Purchase Agreement does not conflict with or result in the
               breach of any of the terms, conditions or provisions of, or
               constitute a default under the Articles of Incorporation or
               Bylaws of Transamerica or any indenture, agreement or other
                 instrument to which Transamerica is a party or by which it is
bound.                                      

 c.       The execution of this Stock Purchase Agreement and the
             consummation of the transactions provided herein will not
                result in a violation by Transamerica of any federal, state,
   local or other law, rule, regulation or decree.

   d.       Transamerica is not purchasing the Shares based upon any
inside information.                         

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 SECTION THREE
 MISCELLANEOUS

3.1      This Stock Purchase Agreement contains the entire agreement between the
parties with respect to the transactions contemplated and, except as otherwise  
provided, supersedes all previous negotiations, commitments and writing.        

3.2      No alternation, modification or change of this Stock Purchase Agreement
shall be valid unless made in writing and signed by the parties.                

3.3      The headings contained in this Stock Purchase Agreement are for        
reference purposes only and shall not affect in any way the meaning or          
interpretation of this Stock Purchase Agreement.                                

3.4      The validity of this Stock Purchase Agreement, the terms thereof, and  
all duties, obligations and rights arising therefrom, shall be governed by and  
interpreted in accordance with the laws and decisions of the State of Iowa, as  
applicable to contracts made and to be performed in Iowa.                       

            In Witness whereof, the parties have executed this Stock
Purchase Agreement on the day and year first above written.   

                                                        [Enlarge/Download Table]

PHOENIX LIFE INSURANCE                                 TRANSAMERICA LIFE                                  
COMPANY                                                INSURANCE COMPANY                                  
                                                                                                          

By:       S/                                           By:    S/                                          
          -------------------------------------------         --------------------------------------------

Name:                                                  Name:                                              
             ----------------------------------------            -----------------------------------------

Title:                                                 Title:                                             
             ----------------------------------------            -----------------------------------------

17  

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		12/6/02
		12/5/02		9		12
		11/26/02		1		14			8-K
		11/21/02		8		9
		9/25/02		14
		2/14/01		8					SC 13G
		9/11/00		16
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