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SUPPLEMENT DATED DECEMBER 1, 1997, TO MAY 1, 1997, 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.
The definition of "Business Day" on page 3 of the prospectus shall be amended
to read as follows:
BUSINESS DAY: A day on which the New York Stock Exchange is customarily
open for business except for the following local business holidays:
Veterans Day (November 11), the day after Thanksgiving, the day after
Christmas in 1997 and the day after New Year's in 1998.
Effective January 1, 1998, the current Mortality and Expense Risk charge,
assessed as a percentage of the value of the net assets of the Variable
Investment Division to compensate Lincoln Life for risks assumed in connection
with the Contracts, will be lowered from 1.20% to 1.00%. (Please refer to the
"Fee Table" on page 6 and "Deductions and Charges" on page 21 of the
prospectus.)
Also effective January 1, 1998, the name of the underlying fund "Calvert
Responsibly Invested Balanced Portfolio" will be changed to "Calvert Social
Balanced Portfolio." This change should be noted throughout the prospectus and
the related Statement of Additional Information. The corresponding sub-account
name ("Socially Responsible Account") will not change.
PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS
FOR FUTURE REFERENCE
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