VALLEY FORGE LIFE INSURANCE CO VARIABLE ANNUITY SEPARATE ACC
497, 2000-05-08
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                       VALLEY FORGE LIFE INSURANCE COMPANY

                       VALLEY FORGE LIFE INSURANCE COMPANY
                        VARIABLE ANNUITY SEPARATE ACCOUNT


                            Prospectus Supplement to
              Flexible Premium Deferred Variable Annuity Prospectus
                                Dated May 1, 2000




The following  paragraph is added to the Immediate  Interest Payments section of
the Purchase section of the prospectus:

We have applied to the Securities and Exchange  Commission for an exemption from
certain  provisions  of the  Investment  Company  Act of  1940  so  that  we can
recapture any immediate  interest payments applied to a contract as described in
the prospectus. Until such time as we receive approval of our exemption request,
we will not recapture any immediate interest payments.



                          Supplement Dated May 1, 2000



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