VALLEY FORGE LIFE INSURANCE COMPANY
VALLEY FORGE LIFE INSURANCE COMPANY VARIABLE ANNUITY SEPARATE ACCOUNT
VALLEY FORGE LIFE INSURANCE COMPANY VARIABLE LIFE SEPARATE ACCOUNT
Supplement dated October 23, 2000
The following information supplements the information in your variable annuity
contract or variable life insurance policy prospectus issued by Valley Forge
Life insurance Company:
Valley Forge Life Insurance Company (Valley Forge) proposes to substitute
Institutional Shares of the Janus Aspen Series Flexible Income Portfolio of
Janus Aspen Series for shares of the MFS Limited Maturity Series of MFS Variable
Insurance Trust (Substitution). Valley Forge has filed an application with the
Securities and Exchange Commission ("Commission") requesting an order approving
the Substitution, and subject to any prior approval by applicable state
insurance authorities, Valley Forge and Valley Forge Life Insurance Company
Variable Annuity Separate Account ("Annuity Separate Account") and Valley Forge
Life Insurance Company Variable Life Separate Account ("Life Separate Account")
propose to effect the Substitution as soon as is practical.
Prior to the date of the Substitution, you may transfer your Contract Value in
the MFS Limited Maturity Series subaccount to any other subaccount of the
Separate Account without any limitation or charge being imposed. In addition,
following the Substitution for a period of 30 days, Valley Forge will permit
transfers from the Janus Aspen Series Flexible Income subaccount to any other
subaccount of the Separate Account available under your Contract/Policy without
any limitation or charge being imposed. After the 30 days, any transfers from
the Janus Aspen Series Flexible Income subaccount will be subject to the
restrictions described in the Prospectus.
A complete list of all available Portfolios which the Life Separate Account and
Annuity Separate Account invests in is set forth in the Prospectus. You may
obtain a Prospectus by writing or calling Valley Forge's Annuity Administrative
Office at the address or telephone number set forth below.
Valley Forge will effect the Substitution by simultaneously placing an order to
redeem the shares of the MFS Limited Maturity Series and an order to purchase
Institutional Shares of the Janus Aspen Series Flexible Income Portfolio.
Valley Forge will bear the expenses attributable to the Substitution. Valley
Forge will send affected Owners a notice within five days after the
Substitution.
Administrative Office:
Variable Support Center
100 CNA Drive
Nashville, TN 37214
(800) 262-1755
MFS-SUPP-102300
