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SUPPLEMENT DATED JANUARY 2, 2001 TO BE ATTACHED TO THE
DIVERSIFIED INVESTORS VARIABLE FUNDS/THE DIVERSIFIED INVESTORS
STRATEGIC VARIABLE FUNDS PROSPECTUS
DATED MAY 1, 2000
Effective December 15, 2000, Diversified Investment Advisors, Inc.
terminated its Subadvisory Agreement with respect to the Equity Growth Portfolio
with Montag & Caldwell Incorporated and entered into two new Subadvisory
Agreements with respect to the Equity Growth Portfolio with Ark Asset Management
Co., ("Ark"), Inc., and Marsico Capital Management, LLC ("Marsico").
Ark has been a registered investment adviser since July 10, 1989. Ark was
formed in July 1989 and is owned by Ark Asset Holdings, Inc.; Ark Asset
Holdings, Inc. is owned by certain Ark employees. The principal address of Ark
is 125 Broad Street -- 13th Floor, New York, New York 10004.
Marsico, a Delaware limited liability company, was formed in September 1997
and has been a registered investment adviser since September 26, 1997. Marsico
is wholly owned by the Bank of America. The principal address of Marsico is 1200
17th Street -- Suite 1300, Denver, Colorado 80202.
All information in The Diversified Investors Variable Funds/The Diversified
Investors Strategic Variable Funds prospectus dated May 1, 2000 relating to the
Equity Growth Series/Portfolio is hereby supplemented and/or superseded, as
appropriate, by the information set forth in the preceding paragraphs of this
Prospectus Supplement.
Form 2892 (1/2001) 33-73734
333-08543
