SUPPLEMENT
TO THE
PROSPECTUS
DATED MAY 1, 2000
FOR
PERSPECTIVE ADVISORS FIXED AND VARIABLE ANNUITY
JNLNY SEPARATE ACCOUNT II
At a shareholder meeting of the Trust held on October 26, 2000, all series
except the PPM America/JNL Money Market Series and each of the JNL/S&P Series
adopted, in accordance with the provisions of Rule 12b-1 under the Investment
Company Act, as amended (the "1940 Act"), a Brokerage Enhancement Plan (the
"Plan"). The Plan uses available brokerage commissions to promote the sale and
distribution of Trust shares (through the sale of variable insurance products
funded by the Trust).
The Plan permits the Brokerage Payments and Credits generated by securities
transactions from one series of the Trust to inure to the benefit of other
Series as well. The Plan is not expected to increase the brokerage costs of the
Trust. However, the staff of the Securities and Exchange Commission has taken
the position that amounts received by the Distributor or an affiliate as an
introducing broker-dealer under the Plan should be reflected in the expenses of
the Series of the Trust. Therefore, the table below estimates what each Series'
distribution fee and its resulting total and net expenses, will be deemed to be
as a result of the implementation of the Plan. This table should replace the
table located on page 3 of the Separate Account prospectus.
<TABLE>
<CAPTION>
Management Total
and Estimated Series
Administrative Distribution Other Annual
Fee (12b-1) Fees Expenses Expenses
---------------------------------------------------------------------- ---------------- ------------- ----------- -------------
<S> <C> <C> <C> <C>
JNL/Alliance Growth Series .88% .02% 0% .90%
----------------------------------------------------------------------
JNL/J.P. Morgan International & Emerging Markets Series 1.08% .03% 0% 1.11%
----------------------------------------------------------------------
JNL/Janus Aggressive Growth Series 1.01% .01% 0% 1.02%
----------------------------------------------------------------------
JNL/Janus Global Equities Series* 1.06% .02% 0% 1.08%
----------------------------------------------------------------------
JNL/Janus Growth & Income Series 1.03% .04% 0% 1.07%
----------------------------------------------------------------------
JNL/PIMCO Total Return Bond Series .80% .01%+ 0% .81%
----------------------------------------------------------------------
JNL/Putnam Growth Series .97% .01% 0% .98%
----------------------------------------------------------------------
JNL/Putnam International Equity Series 1.18% .05% 0% 1.23%
----------------------------------------------------------------------
JNL/Putnam Midcap Growth Series 1.05% .08% 0% 1.13%
----------------------------------------------------------------------
JNL/Putnam Value Equity Series .98% .02% 0% 1.00%
----------------------------------------------------------------------
JNL/S&P Conservative Growth Series II** .20% 0% 0% .20%
----------------------------------------------------------------------
JNL/S&P Moderate Growth Series II** .20% 0% 0% .20%
----------------------------------------------------------------------
JNL/S&P Aggressive Growth Series II** .20% 0% 0% .20%
----------------------------------------------------------------------
JNL/S&P Very Aggressive Growth Series II** .20% 0% 0% .20%
----------------------------------------------------------------------
JNL/S&P Equity Growth Series II** .20% 0% 0% .20%
----------------------------------------------------------------------
JNL/S&P Equity Aggressive Growth Series II** .20% 0% 0% .20%
----------------------------------------------------------------------
Lazard/JNL Mid Cap Value Series 1.08% .05% 0% 1.13%
----------------------------------------------------------------------
Lazard/JNL Small Cap Value Series 1.15% .03% 0% 1.18%
----------------------------------------------------------------------
PPM America/JNL Money Market Series .70% 0% 0% .70%
----------------------------------------------------------------------
Salomon Brothers/JNL Balanced Series .90% .01% 0% .91%
----------------------------------------------------------------------
Salomon Brothers/JNL Global Bond Series .95% .01%+ 0% .96%
----------------------------------------------------------------------
Salomon Brothers/JNL High Yield Bond Series .90% .01%+ 0% .91%
----------------------------------------------------------------------
T. Rowe Price/JNL Mid-Cap Growth Series 1.03% .01%+ 0% 1.04%
----------------------------------------------------------------------
</TABLE>
On page 4 under the section labeled "Examples" should be replaced in its
entirety with the following:
Examples. You would pay the following expenses on a $1,000 investment, assuming
a 5% annual return on assets:
<TABLE>
<CAPTION>
----------------------------------------------------------------------------- --------- --------- --------- ---------
1 3 5 10
year years years years
----------------------------------------------------------------------------- --------- --------- --------- ---------
<S> <C> <C> <C> <C>
JNL/Alliance Growth Division $25 $76 $130 $277
JNL/J.P. Morgan International & Emerging Markets Division 27 82 140 298
JNL/Janus Aggressive Growth Division 26 79 136 289
JNL/Janus Global Equities Division 26 81 139 295
JNL/Janus Growth & Income Division 26 81 138 294
JNL/PIMCO Total Return Bond Division 24 73 125 268
JNL/Putnam Growth Division 25 78 134 285
JNL/Putnam International Equity Division 28 86 146 309
JNL/Putnam Midcap Growth Division 27 83 141 300
JNL/Putnam Value Equity Division 26 79 135 287
JNL/S&P Conservative Growth Division II 18 55 94 204
JNL/S&P Moderate Growth Division II 18 55 94 204
JNL/S&P Aggressive Growth Division II 18 55 94 204
JNL/S&P Very Aggressive Growth Division II 18 55 94 204
JNL/S&P Equity Growth Division II 18 55 94 204
JNL/S&P Equity Aggressive Growth Division II 18 55 94 204
Lazard/JNL Mid Cap Value Division 27 83 141 300
Lazard/JNL Small Cap Value Division 27 84 144 304
PPM America/JNL Money Market Division 23 70 120 257
Salomon Brothers/JNL Balanced Division 25 76 130 278
Salomon Brothers/JNL Global Bond Division 25 78 133 283
Salomon Brothers/JNL High Yield Bond Division 25 76 130 278
T. Rowe Price/JNL Mid-Cap Growth Division 26 80 137 291
</TABLE>
---------
* The JNL/Janus Global Equities Series (the "Series") is closed to new contract
holders after September 1, 2000. The Series will still be available to existing
contract holders, even if the contract holder does not have a current allocation
in the Series. The Series will also be available to both new and existing
contract holders as an underlying series of the JNL/S&P Conservative Growth
Series II, the JNL/S&P Moderate Growth Series II, the JNL/S&P Aggressive Growth
Series II, the JNL/S&P Very Aggressive Growth Series II, the JNL/S&P Equity
Growth Series II and the JNL/S&P Equity Aggressive Growth Series II.
** Underlying Series Expenses. The expenses shown above are the annual operating
expenses for the JNL/S&P Series. Because the JNL/S&P Series invest in other
Series of the JNL Series Trust, the JNL/S&P Series will indirectly bear their
pro rata share of fees and expenses of the underlying Series in addition to the
expenses shown.
+ The Adviser anticipates that the 12b-1 fee will be less than .01%.
This Supplement is dated December 18, 2000.
(To be used with NV3784 Rev. 09/00)
