<PAGE> 1
Supplement dated January 8, 2001 to Prospectus dated January 1, 2001
For
WRL Series Life Corporate Account
This Supplement should be read in conjunction with the current prospectus dated
January 1, 2001 for WRL Series Life Corporate Account
The following mutual fund portfolios are added to the cover page:
Add the following portfolio under Janus Aspen Series
International Growth Portfolio
Add the following portfolio under T. Rowe Price Equity Series, Inc.
Blue Chip Growth Portfolio
The table on pages 9 and 10 entitled "Portfolio Expenses" is amended to add the
following:
<TABLE>
<CAPTION>
Management Fee Other Total Annual
(after waiver Expenses (after waiver Expenses (after waiver
Portfolio or reimbursement) or reimbursement or reimbursement
or absorption) or absorption)
<S> <C> <C> <C>
Janus Aspen Series
International Growth (4) 0.65% 0.11% 0.76%
T. Rowe Price Blue Chip Growth (5) 0.85% 0.00% 0.85%
</TABLE>
The first sentence of Footnote (4) on page 11 is amended to read as follows:
Expenses are based on expenses for the fiscal year ended December 31, 1999,
restated to reflect a reduction in the management fee for Growth, Capital
Appreciation, Aggressive Growth, Worldwide Growth and International Growth.
The table on page 13 entitled "Average Annual Compounded Rates of Return for the
Periods Ended December 31, 1999" is amended to add the following:
<TABLE>
<CAPTION>
10 years or
Since
Portfolio (date of inception) 1 year 5 years Inception*
<S> <C> <C> <C>
Janus Aspen Series International Growth (5/2/94) 82.27% 33.25% 28.19%*
T. Rowe Price Blue Chip Growth (12/29/00)** N/A N/A N/A
</TABLE>
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<PAGE> 2
Page 20 is amended to add the following Portfolio to the "T. Rowe Price Equity
Series, Inc. (managed by T. Rowe Price Associates, Inc.)" table:
<TABLE>
<S> <C>
--------------------------------------------------------------------------------
- T. ROWE PRICE BLUE CHIP Growth seeks long-term
growth of capital by investing in the common
stocks of large and medium-sized blue chip
growth companies; income is a secondary
objective.
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</TABLE>
Page 20 is amended to add the following Portfolio to the "Janus Aspen Series
(managed by Janus Capital Corporation)" table:
<TABLE>
<S> <C>
--------------------------------------------------------------------------------
- INTERNATIONAL GROWTH seeks long-term growth of
capital. It pursues its objective by normally
investing at least 65% of its total assets in
securities of issuers from at least five
different countries, excluding the United
States. The portfolio may invest in U.S.
issuers and it may at times invest all of its
assets in fewer than five countries, or even a
single country.
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</TABLE>
Page 45 is amended to add the following sentence to the end of the first
paragraph under "Financial Statements":
The Separate Account first received a premium in January of 2000, so the only
financial statements available are for the nine months ended September 30, 2000.
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