Seasons Series Trust
Supplement to the Prospectus dated April 3, 1997
The fourth full paragraph under the subheading entitled "Multi-Managed
Portfolios" on page4 of the Prospectus has been replaced with the following
paragraph:
Investments in each Multi-Managed Portfolio (and redemption requests) will
be allocated among the Managed Components of such Portfolio as described
above. The Trust expects that differences in investment returns among the
Managed Components of a Multi-Managed Portfolio will cause the actual
percentage of the Portfolio's assets allocated to each component to vary from
the target allocation over the course of a calendar quarter. Accordingly,
the assets of each Multi-Managed Portfolio will be reallocated or
"rebalanced" among the Managed Components on at least a
quarterly basis to restore the target allocations for such Portfolio.
The second paragraph under the heading entitled "Purchases and Redemptions"
on page 20 of the Prospectus has been replaced with the following paragraph:
All shares may be purchased or redeemed by the separate account without any
sales or redemption charge at the next computed net asset value. Purchases
and redemptions are made subsequent to corresponding purchases and
redemptions of units of the separate account without delay, and are generally
allocated among the applicable Portfolios based on the target allocations set
forth in the Contract prospectus.
June 24, 1997
