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Flexible Premium Variable Universal Life Insurance Policies
Variable Universal Life 2000 Insurance Policies
Survivorship Variable Universal Life Insurance Policies
Investing In
NYLIAC Variable Universal Life Separate Account I
* * * *
Corporate Sponsored Variable Universal Life Insurance Policies
Investing In
NYLIAC Corporate Sponsored Variable Universal Life Separate Account I
Supplement Dated January 2, 2001 to Prospectuses Dated
May 1, 2000
This supplement provides information that you should know before you invest in
the above-captioned policies. You should read this information carefully and
retain it for future reference. This supplement is not valid unless it is
accompanied by a current prospectus for the policies. The terms we use in this
supplement have the same meanings as in the prospectus for the policies.
Effective January 2, 2001, New York Life Investment Management LLC ("NYLIM")
will assume the investment advisory responsibilities of Madison Square Advisors
LLC ("Madison") with respect to the MainStay VP Bond Portfolio and the MainStay
VP Growth Equity Portfolio, and of Monitor Capital Advisors LLC ("Monitor") with
respect to the MainStay VP Indexed Equity Portfolio. NYLIM is registered with
the SEC as an investment adviser and, like Madison and Monitor, is an indirect,
wholly-owned subsidiary of New York Life Insurance Company. All references in
your prospectus to Madison and Monitor should be changed to NYLIM effective on
that date.
Madison and Monitor have concluded that the foregoing change to the advisory
arrangements will not require shareholder approval. The same people who are
currently performing investment advisory services for the Portfolios as
employees of Madison and Monitor will continue to perform these services for the
Portfolios as employees of NYLIM.
New York Life Insurance and Annuity Corporation
(A Delaware Corporation)
51 Madison Avenue
New York, New York 10010
