TRANSAMERICA CATALYSTsm VARIABLE ANNUITY
SUPPLEMENT
dated November 23, 1998,
to Prospectus dated May 1, 1998
A Guaranteed Minimum Death Benefit ("GMDB") Rider is available for purchase. The
GMDB rider must be elected before the contract effective date.
If the owner elects the GMDB Rider, a 0.20% annual fee will be deducted at the
end of each contract month at the rate of 1/12 times 0.20% times the account
value of the contract. The Rider cannot be reinstated if cancelled and may not
be available in all states.
If the GMDB Rider is elected, and an owner dies before the annuity date and
prior to any owner's or joint owner's 85th birthday, the death benefit will be
equal to the greatest of (a), (b) or (c) where
(a) is the account value
(b) is the sum of all purchase payments
less withdrawals taken, adjusted as described below, and
any applicable premium tax charges; and
(c) is the highest account value on any contract anniversary prior to the
earlier of the owner's or joint owner's 85th birthday,
plus purchase payments made since that contract anniversary and
less withdrawals taken since that contract anniversary, adjusted
as described below, and
applicable premium tax charges since that contract anniversary.
If the GMDB Rider is elected, and if the owner or joint owner dies before the
annuity date and after either the deceased owner's or joint owner's 85th
birthday, the death benefit will be equal to the greater of (a) or (c) above.
If the GMDB rider is elected the amount available as a death benefit will
include purchase payment credits applied in the immediately preceding 12 months.
Upon any withdrawal, the amount of the death benefit available pursuant to the
GMDB Rider will be reduced. The amount of that reduction will depend upon
whether the account value is more or less than the death benefit on the date of
withdrawal. If the account value is equal to or more than the death benefit, the
death benefit will be reduced by the dollar amount of any withdrawals. If the
account value is less than the death benefit, the death benefit will be reduced
proportional to the reduction in the account value. For example, if the
withdrawal reduces the account value by 20%, then the death benefit will also be
reduced by 20%.
If you do not purchase the GMDB rider, the death benefit will be as described on
page 33 of the prospectus.
Issued by Transamerica Life Insurance and Annuity Company;
Transamerica Securities Sales Corporation,
Distributor;
Contract Form 4-705, Certificate Form TCG-317;
401 N. Tryon Street, Suite 700,
Charlotte, NC 28202, 1-800-420-7749;
VIM 261-1198
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