<PAGE>
Filed Pursuant to Rule 497(e)
Registration File No.: 333-05593
In "Appendix III: GMIB Examples" on page 53 under Example 1, the number in item
(3) should be $179,085.
The table below replaces the table shown in the prospectus in "Appendix IV:
Example of Payments Under the IRA Assured Payment Option and IRA APO Plus"
on page 54.
<TABLE>
<CAPTION>
ANNUAL PAYMENTS
ILLUSTRATIVE ILLUSTRATIVE
GUARANTEED INCREASING PAYMENTS PAYMENTS PAYMENTS
UNDER THE UNDER UNDER
YEARS IRA ASSURED PAYMENT OPTION IRA APO PLUS AT 0% IRA APO PLUS AT 8%
- ----- ------------------------------ ------------------ ------------------
<S> <C> <C> <C>
1-3 $7,048.32 $7,048.32 $7,048.32
4-6 7,753.15 7,336.45 7,651.36
7-9 8,528.47 7,697.60 8,445.37
10-12 9,381.31 8,064.34 9,261.17
13-15 10,319.45 8,393.22 10,046.61
16 11,351.39 8,628.84 10,733.48
</TABLE>
