LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE  PRESENTS,  that I, Lowell C. Anderson,  Chairman of
the Board of Allianz Life Insurance  Company of North America  (Allianz Life), a
corporation duly organized under the laws of Minnesota, do hereby appoint Robert
W. MacDonald and Suzanne J. Pepin,  each  individually as my attorney and agent,
for me, and in my name as  Chairman  of the Board of  Allianz  Life on behalf of
Allianz Life,  with full power to execute,  deliver and file with the Securities
and Exchange  Commission all documents  required for  registration of a security
under the Securities Act of 1933, as amended,  and the Investment Company Act of
1940,  as amended,  and to do and perform each and every act that said  attorney
may deem necessary or advisable to comply with the intent of aforesaid Acts.

       WITNESS my hand and seal this 3rd day of April 2000.

WITNESS:

/s/ Lowell C. Anderson
-----------------------------


                            LIMITED POWER OF ATTORNEY

     KNOWN  ALL MEN BY  THESE  PRESENTS,  that I,  Robert  W.  MacDonald,  Chief
Executive  Officer and a Director  of Allianz  Life  Insurance  Company of North
America  (Allianz  Life),  a  corporation  duly  organized  under  the  laws  of
Minnesota,  do hereby appoint Suzanne J. Pepin as my attorney and agent, for me,
and in my name as Chief Executive Officer and Director of Allianz Life on behalf
of  Allianz  Life,  with  full  power to  execute,  deliver  and  file  with the
Securities and Exchange  Commission all documents required for registration of a
security  under the  Securities  Act of 1933,  as  amended,  and the  Investment
Company Act of 1940,  as amended,  and to do and perform each and every act that
said  attorney  may deem  necessary  or  advisable  to comply with the intent of
aforesaid Acts.


/s/ Robert W. MacDonald
-----------------------
Robert W. MacDonald

       WITNESS my hand and seal this 26th day of April 2000.


WITNESS:

/s/ Mary Ann Lemke
-----------------------------


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE  PRESENTS,  that I, Margery G. Hughes,  President of
Allianz Life Insurance  Company of North America  (Allianz  Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as President of Allianz Life on behalf of Allianz Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.

     WITNESS my hand and seal this 5th day of April 2000.

WITNESS:  /s/ Mary Ann Lemke

/s/ Margery G. Hughes
-----------------------


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE  PRESENTS,  that I, Mark A.  Zesbaugh,  Senior  Vice
President,  Chief  Financial  Officer and  Assistant  Secretary  of Allianz Life
Insurance  Company of North America (Allianz Life), a corporation duly organized
under the laws of Minnesota,  do hereby  appoint Robert W. MacDonald and Suzanne
J. Pepin,  each individually as my attorney and agent, for me, and in my name as
Senior Vice  President,  Chief  Financial  Officer and  Assistant  Secretary  of
Allianz Life on behalf of Allianz Life, with full power to execute,  deliver and
file with the  Securities  and Exchange  Commission  all documents  required for
registration of a security under the Securities Act of 1933, as amended, and the
Investment Company Act of 1940, as amended, and to do and perform each and every
act that said attorney may deem necessary or advisable to comply with the intent
of aforesaid Acts.

     WITNESS my hand and seal this 3rd day of April 2000.

WITNESS:                                /s/ Mark A. Zesbaugh


/s/ Stacey R. Thiele
-----------------------


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE PRESENTS, that I, Herbert F. Hansmeyer,  Director of
Allianz Life Insurance  Company of North America  (Allianz  Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as Director of Allianz Life on behalf of Allianz  Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.

/s/ Herbert F. Hansmeyer
------------------------
Herbert F. Hansmeyer

     WITNESS my hand and seal this 4th day of April 2000.

WITNESS:

/s/ David C Marks
------------------

                                 ACKNOWLEDGEMENT


State of Connecticut
County of Fairfield

The foregoing instrument was acknowledged before me Tracy Stroh this 5th day of
April, 2000, by Herbert F. Hansmeyer.

                                           /s/ Tracey Stroh
                                           -----------------
                                           Notary Public


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE PRESENTS,  that I, Michael P. Sullivan,  Director of
Allianz Life Insurance  Company of North America  (Allianz  Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as Director of Allianz Life on behalf of Allianz  Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.

     WITNESS my hand and seal this 5th day of April 2000.

WITNESS:

/s/ Michael P. Sullivan
------------------


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE PRESENTS, that I, Dr. Gerhard G. Rupprecht, Director
of Allianz Life Insurance Company of North America (Allianz Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as Director of Allianz Life on behalf of Allianz  Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.


     WITNESS my hand and seal this 18th day of April 2000.

WITNESS:

                                      /s/ Gerhard Rupprech

                                      (Dr. Gerhard Rupprecht)

                                                 Unterschriftsbeglaubigung

I hereby certify, the the above is the true signature, acknowledged in my
presence of

                        Dr. Gerhard Rupprecht
                        Chairman of the Board of Management
                        Reinsburgstrabe 19,70178 Stuttgart, Germany,

Personally know to me.

                          Stuttgart, den 18.April 2000

                                         /s/ Dr. Kubler
                                         Dr. Kubler
                                         Notarvetreter


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE PRESENTS, that I, Reverand Dennis J. Dease, Director
of Allianz Life Insurance Company of North America (Allianz Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as Director of Allianz Life on behalf of Allianz  Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.

                               /s/ Dennis J. Dease

     WITNESS my hand and seal this 4th day of April 2000.

WITNESS:

/s/ Donna L Baisden


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE  PRESENTS,  that I, James R.  Campbell,  Director of
Allianz Life Insurance  Company of North America  (Allianz  Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as Director of Allianz Life on behalf of Allianz  Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.

/s/ James R. Campbell

     WITNESS my hand and seal this 5th day of April 2000.

WITNESS:

/s/ Vicki L. Plymate
--------------------


                            LIMITED POWER OF ATTORNEY

     KNOWN ALL MEN BY THESE  PRESENTS,  that I, Robert M.  Kimmitt,  Director of
Allianz Life Insurance  Company of North America  (Allianz  Life), a corporation
duly  organized  under  the laws of  Minnesota,  do  hereby  appoint  Robert  W.
MacDonald and Suzanne J. Pepin,  each individually as my attorney and agent, for
me, and in my name as Director of Allianz Life on behalf of Allianz  Life,  with
full  power to  execute,  deliver  and file  with the  Securities  and  Exchange
Commission  all  documents  required for  registration  of a security  under the
Securities Act of 1933, as amended,  and the Investment  Company Act of 1940, as
amended,  and to do and perform  each and every act that said  attorney may deem
necessary or advisable to comply with the intent of aforesaid Acts.


     WITNESS my hand and seal this 5th day of April 2000.

                              /s/ Robert M. Kimmitt
                             ----------------------
                              Robert M. Kimmitt, Esq.

WITNESS:

/s/ illegible
------------------