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Reg. No. 333-4999, Rule 497(e)
SUPPLEMENT DATED JANUARY 1, 1997, TO OCTOBER 1, 1996, PROSPECTUS FOR
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
GROUP VARIABLE ANNUITY CONTRACTS
LINCOLN NATIONAL VARIABLE ANNUITY
ACCOUNT L
The following information supplements Lincoln Life's Account L prospectus and
should be read in conjunction with it. Effective January 1, 1997, Twentieth
Century Mutual Funds will adopt a new name, American Century Investments-SM-.
This change will have no effect on your contract or the funds underlying the
Sub-Accounts.
Page 1 of the prospectus should revise the list of funds supporting the
Sub-Accounts in the following manner:
<TABLE>
<S> <C>
Growth II Account............ American Century's "TCI Portfolios, Inc.: TCI Growth"
Balanced Account............. American Century's "TCI Portfolios, Inc. : TCI Balanced"
</TABLE>
In addition, the heading and first two paragraphs describing TCI Portfolios,
Inc. on Page 12 should be revised to read as follows:
American Century's "TCI Portfolios, Inc."
TCI Portfolios, Inc. is a fund group that offers its shares only to
insurance companies to fund the benefits of variable annuity or variable
life insurance contracts. The Portfolios are managed by American Century
Investment Management, Inc., which also manages the American Century
family of mutual funds. American Century Investment Management, Inc. has
its principal place of business at 4500 Main Street, Kansas City,
Missouri 64111.
Lincoln Life may perform certain administrative services that would
otherwise be performed by American Century Services Corporation and
American Century Investment Management, Inc. may pay Lincoln Life for
such services.
Any reference to Twentieth Century in the Statement of Additional Information
should also be read to mean American Century.
PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS
FOR FUTURE REFERENCE
L80050
