<PAGE> 1
DOW TARGET VARIABLE FUND LLC
SUPPLEMENT DATED NOVEMBER 1, 1999 TO THE
PROSPECTUS DATED SEPTEMBER 1, 1999
On November 1, 1999, Dow Jones & Company, Inc. removed the following companies
from the Dow Jones Industrial Average:
Chevron Corporation
Goodyear Tire & Rubber Company
Sears, Roebuck & Company
Union Carbide Corporation
Those four companies were replaced in the DJIA by the following:
The Home Depot, Inc.
Intel Corporation
Microsoft Corporation
SBC Communications, Inc.
The list of DJIA companies on page 4 of the prospectus is changed accordingly.
