Rule 497(e)
File No. 33-82610
Maxim Series Account
Maximum Value Plan
of
Great-West Life & Annuity Insurance Company
Supplement effective July 26, 1999 to
the May 1, 1999 Prospectus
On Page 11of the prospectus, please delete the disclosures regarding the Maxim
Value Index Portfolio and Maxim Growth Index Portfolio and replace with the
following:
o Maxim Value Index Portfolio seeks to provide investment results, before
fees, that track the total return of the common stocks that comprise the
S&P/Barra Value Index.1
o Maxim Growth Index Portfolio seeks to provide investment results, before
fees, that track the total return of the common stocks that comprise the
S&P/Barra Growth Index.1
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1 Standard & Poor's and Barra are not sponsors of, or in any other way
affiliated with, the Maxim Growth Index and Maxim Value Index Portfolios or
Maxim Series Fund.
