KMA VARIABLE ACCOUNT
497, 1996-12-05
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                       SUPPLEMENT DATED DECEMBER 4, 1996
                                      TO
                         PROSPECTUS DATED MAY 1, 1996
                                      FOR
                      INDIVIDUAL FLEXIBLE PURCHASE PAYMENT 
                       DEFERRED VARIABLE ANNUITY CONTRACT
                                   ISSUED BY
                             KMA VARIABLE ACCOUNT
                                     AND
                        KEYPORT LIFE INSURANCE COMPANY
                                                                          
_______________________________________________________________________________

Effective on December 6, 1996 (or as soon thereafter as is practicable) the 
"Colonial-Keyport U.S. Fund for Growth" Eligible Fund will change its name to 
"Colonial-Keyport U.S. Stock Fund" and the sentence in the "Eligible Funds" 
section on page 10, relating to the Fund being managed by State Street Global
Advisors, is deleted. 


_______________________________________________________________________________


                                 Issued by:
                       Keyport Life Insurance Company
                              125 High Street
                      Boston, Massachusetts 02110-2712

                              Distributed by:
                      Keyport Financial Services Corp.
                              125 High Street
                      Boston, Massachusetts 02110-2712

            Service Hotline 800-367-3653     Keyline 800-367-3654










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