SEPARATE ACCOUNT VA 7 OF TRANSAMERICA LIFE INS & ANNUITY CO
497, 1999-06-29
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                 Transamerica Seriessm Bountysm Variable Annuity
                                    Issued by
                 Transamerica Life Insurance and Annuity Company
                              Separate Account VA-7


                         Supplement Dated June 25, 1999

                                       To

                          Prospectus Dated May 1, 1999


The  following  information  supplements  the  Prospectus.  You  should  read it
together with the Prospectus.

     1. The second  paragraph  in the  description  of the The Growth and Income
Portfolio of the Alliance Variable Products Series Fund, Inc. section on page 14
is changed to read:

           Adviser: Alliance Capital Management L.P.
           Management Fee: 0.625%







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