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SUPPLEMENT DATED JULY 1, 1997
TO MAY 1, 1997, PROSPECTUS FOR
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
GROUP VARIABLE ANNUITY CONTRACT
LINCOLN NATIONAL VARIABLE ANNUITY ACCOUNT L
The following information supplements Lincoln Life's Account L Prospectus and
Statement of Additional Information ("SAI") and should be read in conjunction
with them.
On July 1, 1997, the name of the principal underwriter for the Contracts of
Lincoln National Variable Annuity Account L will be changed from LNC Equity
Sales Corporation to Lincoln Financial Advisors Corporation except in the state
of Texas where business will continue to be conducted under the name LNC Equity
Sales Corporation. This name change does not effect the management or control
of the corporation. All references to the principal underwriter in the
Prospectus and SAI should be revised to reflect this change.
The following language replaces the section on page 12 of the Prospectus
currently entitled "LNC Equity Sales Corporation."
Lincoln Financial Advisors Corporation
Lincoln Financial Advisors Corporation ("LFA"), a registered bro-
ker-dealer, is the principal underwriter of the Contracts. As
such, LFA will be offering the Contracts and performing all duties
and functions that are necessary and proper for distribution of
the Contracts. LFA has also entered into sales agreements with in-
dependent broker-dealers for the sale of the Contracts. LFA may
pay sales commissions to broker-dealers up to an amount equivalent
to 3.5% of Contributions under a Contract. LFA's principal busi-
ness address is 1300 South Clinton Street, Fort Wayne, Indiana
46802. Notwithstanding the above, LFA, as a broker-dealer, will do
business in the state of Texas under the name LNC Equity Sales
Corporation.
The section of the SAI entitled "Distribution of Contracts" should also be
revised to reflect the change of name from LNC Equity Sales Corporation to
Lincoln Financial Advisors Corporation.
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