SEPARATE ACCOUNT VUL 2 OF TRANSAMERICA OCCIDENTAL LIFE INS
497, 1999-07-30
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                  Transamerica SeriesSM Transamerica LineageSM
                             Variable Life Insurance
                                    Issued by
                 Transamerica Occidental Life Insurance Company
                             Separate Account VUL-2

                         Supplement Dated July 29, 1999
                         to Prospectus Dated May 1, 1999


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

On  July  21,  1999,  Transamerica  Corporation  completed  its  merger  with  a
subsidiary of AEGON N.V.,  one of the world's  leading  international  insurance
groups. AEGON N.V. indirectly owns the issuing company,  Transamerica Occidental
Life Insurance Company.




                   Transamerica Variable Insurance Fund, Inc.

                         Supplement Dated July 29, 1999
                         to Prospectus Dated May 1, 1999


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

On  July  21,  1999,  Transamerica  Corporation  completed  its  merger  with  a
subsidiary of AEGON N.V.,  one of the world's  leading  international  insurance
groups.  As a result of the merger,  the investment  advisory  contracts between
Transamerica  Variable  Insurance Fund, Inc. (TVIF) and Transamerica  Occidental
Life  Insurance  Company  (TOLIC),  TVIF's  investment  adviser,   automatically
terminated and the new  investment  advisory  contracts  between TVIF and TOLIC,
approved at a special  meeting of TVIF  shareholders  on June 16,  1999,  became
effective.

As of July 21,  1999,  AEGON N.V.  indirectly  owns TVIF's  investment  adviser,
TOLIC, and TVIF's sub-adviser, Transamerica Investment Services, Inc.




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