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C++03 Clause 12.6.2 Paragraph 4
If a given nonstatic data member or base class is not named by a mem-initializer-id (including the case where there is no mem-initializer-list because the constructor has no ctor-initializer), then
— If the entity is a nonstatic data member of (possibly cv-qualified) class type (or array thereof) or a base class, and the entity class is a non-POD class, the entity is default-initialized (8.5). If the entity is a nonstatic data member of a const-qualified type, the entity class shall have a user-declared default constructor.
— Otherwise, the entity is not initialized. If the entity is of const-qualified type or reference type, or of a (possibly cv-qualified) POD class type (or array thereof) containing (directly or indirectly) a member of a const-qualified type, the program is ill-formed.
After the call to a constructor for class X has completed, if a member of X is neither specified in the constructor's mem-initializers, nor default-initialized, nor value-initialized, nor given a value during execution of the body of the constructor, the member has indeterminate value.