ANNUITY INVESTORS(SERVICEMARK) VARIABLE ACCOUNT B
of
ANNUITY INVESTORS LIFE INSURANCE COMPANY(REGISTERED TRADEMARK)
Supplement to July 15, 1997 Prospectus
for the
Commodore Navigator(SERVICEMARK)
Individual and Group Flexible Premium Deferred Annuities
Date of Supplement: July 22, 1997
Effective July 22, 1997, the information provided in the Prospectus regarding
Strong Growth Fund II Fund Annual Expenses is modified by the following: Strong
Capital Management, Inc., the investment advisor of the Strong Growth Fund II,
has voluntarily agreed to cap the Fund's Total Fund Annual Expenses at 1.20%,
allocated 1.00% to Management Fees and 0.20% to Other Expenses.
Accordingly, if the Owner surrenders his or her Contract at the end of the
applicable time period, the following expenses will be charged on a $1,000
investment in the Strong Growth Fund II Sub-Account, assuming a 5% annual return
on assets: 1 Year -- $98; 3 Years - $139. If the Owner does not surrender his or
her Contract, or if it is annuitized, the following expenses would be charged on
a $1,000 investment in the Strong Growth Fund II Sub-Account, at the end of the
applicable time period, assuming a 5% annual return on assets: 1 Year -- $28; 3
Years -- $89.
The Advisor has no current intention to, but may in the future, discontinue or
modify any waiver of fees or absorption of expenses at its discretion with
appropriate notification to its shareholders.
A supplement to the Strong Growth Fund II Prospectus, which is reprinted in the
Commodore Navigator(SERVICEMARK) Prospectus, is being provided separately.
Please retain this supplement for future reference.
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