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FRANKLIN LIFE VARIABLE ANNUITY FUND A
Supplement dated October 1, 1998
to
Prospectus dated April 30, 1998
This supplement provides important information relating to the variable annuity
contracts (the "Contracts") issued through Franklin Life Variable Annuity Fund
A. The supplement should be read in conjunction with the current prospectus for
the Contracts and should be retained for future reference.
WAIVER OF SPECIFIED CHARGES
Effective October 1, 1998, The Franklin Life Insurance Company ("The
Franklin") will waive the imposition and receipt of all sales loads and
administration fees specified in the Contracts. The mortality and expense
risk fees and investment management fees will continue to be imposed.
ADMINISTRATIVE SERVICES
The Franklin has primary responsibility for providing all administrative
services regarding the Contracts. However, effective October 1, 1998,
American General Life Insurance Company ("AGL") has agreed to provide all
administrative services in connection with the Contracts. AGL will provide
such administrative services pursuant to a services agreement among
American General Corporation and substantially all of its subsidiaries,
including The Franklin and AGL. Pursuant to the services agreement, The
Franklin will reimburse AGL for the costs and expenses that AGL incurs in
providing administrative services for the Contracts. Neither The Franklin
nor AGL will incur a loss or realize a profit in connection with the
reimbursement.
Effective October 1, 1998, all Stipulated Payments, requests, directions,
and other communications should be directed to the following administrative
office rather than The Franklin's Home Office:
FLIC Annuity Service Center
2727-A Allen Parkway (3-50)
Houston, Texas 77019-2191
or
P.O. Box 4799
Houston, Texas 77210-4799
(800) 231-0105 or (713) 831-3505
