SUPPLEMENT DATED SEPTEMBER 28, 1998
TO PROSPECTUS
DATED JULY 1, 1998
for
FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS
issued by
EQUITRUST LIFE INSURANCE COMPANY
At page 18, in the section titled "The Declared Interest
Option," the following is incorporated between the first and
second paragraphs:
In compliance with specific state insurance regulations,
the Declared Interest Option is not available in all
states. A registered representative can provide
information on the availability of this Investment
Option.
