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[Letterhead of The American Franklin Life Insurance Company]
October 15, 1997
Dear Chairman Contractowner:
You have previously received a Semi-Annual Report for the period ending June
30, 1997 showing Separate Account VA-1 financial results. We have recently
discovered some errors in this report. On pages 12 and 13 of the Semi-Annual
Report for Separate Account VA-1, the unit value at the beginning of the
period for each Division is shown as $0.00. The correct beginning unit value
for each Division is $5.00, as stated on page 24 of the Prospectus dated
April 30, 1997, under "Variable Account Value."
Please retain this letter for your future reference. We apologize for any
inconvenience caused by this inadvertent error. Thank you.
Cordially,
/s/ Diane Workman
Diane Workman
Vice President
