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SUPPLEMENT TO PROSPECTUS DATED MAY 1, 2000 FOR JNL VARIABLE FUND LLC On pages 1, 3, 5, 7, 9 and 11 of the prospectus for the JNL Variable Fund LLC under the sub-heading "Principal Investment Strategies," the following change is made: "the companies will be selected annually, beginning January 1, 2001, and on each one year anniversary thereof (Stock Selection Date)." This Supplement is dated November 9, 2000.
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