SELECT*ANNUITY III
Prospectus Supplement dated October 21, 1997
to Prospectus dated August 8, 1997
The Prospectus at Page 10 contains several errors regarding annuitization
expenses. The corrected information is as follows:
If you annuitize your contract at the end of the applicable time
period, you would pay the following expenses on a $1,000 investment, assuming a
5% annual return on assets.
1 YEAR
The Alger American Fund:
Alger American Growth Portfolio $77
Alger American MidCap Growth Portfolio 78
Alger American Small Capitalization Portfolio 78
Janus Aspen Series:
Aggressive Growth Portfolio 77
Growth Portfolio 76
International Growth Portfolio 82
Worldwide Growth Portfolio 77
Neuberger&Berman Advisers Management Trust:
Limited Maturity Bond Portfolio 77
Partners Portfolio 79
Northstar Variable Trust:
Northstar High Yield Bond Fund 77
Northstar International Value Fund 77
OCC Accumulation Trust:
Equity Portfolio 79
Global Equity Portfolio 84
Managed Portfolio 78
Small Cap Portfolio 79
