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THE UNITED STATES LIFE INSURANCE COMPANY
IN THE CITY OF NEW YORK
SEPARATE ACCOUNT USL VL-R
PLATINUM INVESTOR
FLEXIBLE PREMIUM
VARIABLE LIFE INSURANCE POLICY
SUPPLEMENT DATED DECEMBER 1, 2000 TO
PROSPECTUS DATED NOVEMBER 1, 2000
Effective November 29, 2000 The United States Life Insurance Company in the
City of New York ("USL") is amending the prospectus for the sole purpose of
reflecting that the Ayco Large Cap Growth Fund I is available as an investment
option under the Policy.
1. On Page 3 of the prospectus, the paragraph titled "INVESTMENT OPTION
CURRENTLY NOT AVAILABLE", immediately after "Basic questions you may have", is
deleted in its entirety.
2. On Page 11 of the prospectus, in the chart titled "THE MUTUAL FUNDS'
ANNUAL EXPENSES", the information in the chart related only to the Ayco Series
Trust is deleted in its entirety and replaced with the following information:
FUND OTHER FUND TOTAL FUND
MANAGEMENT OPERATING OPERATING
FEES (AFTER EXPENSES (AFTER EXPENSES (AFTER
EXPENSE 12b-1 EXPENSE EXPENSE
NAME OF FUND REIMBURSEMENT) FEES REIMBURSEMENT) REIMBURSEMENT)
--------------- -------------- ----- ---------------- ----------------
AYCO SERIES
TRUST:/2/
Ayco Large Cap
Growth Fund I 0.80% 0.20% 1.00%
2. On Page 13 of the prospectus, Footnote 1 is deleted in its entirety and
replaced with the following footnote:
/1/ Most of the Mutual Funds' advisers or administrators have
entered into arrangements under which they pay certain amounts to
USL. The fees do not have a direct relationship to the Mutual
Funds' Annual Expenses, and do not increase the amount of charges
you pay under your Policy. (See "Certain arrangements" under "More
About Policy Charges" and "Service Agreements").
3. On Page 13 of the prospectus, Footnote 2 is deleted in its entirety and
replaced with the following footnote:
/2/ Fees and charges for Ayco Series Trust are for fiscal year 2000 and
are the fees and charges that the Trust anticipates it will charge.
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4. On page 26 of the prospectus, the 2nd paragraph under "SEPARATE
ACCOUNT USL VL-R" is deleted in its entirety and replaced with the following
paragraph:
For record keeping and financial reporting purposes, Separate Account USL
VL-R is divided into 41 separate "divisions," which correspond to the 41
variable investment options available since the inception of the Policy. The 41
divisions are currently available under certain variable life policies offered
by an affiliate of USL. We hold the Mutual Fund shares in which we invest your
accumulation value for an investment option in the division that corresponds to
that investment option.
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