GREAT WEST VARIABLE ANNUITY ACCOUNT A
497, 2001-01-04
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                         SUPPLEMENT DATED JANUARY , 2001
                              TO THE PROSPECTUS FOR Great-West  Variable Annuity
            Account A, dated May 1, 2000


Under the heading  "Description of GWL&A" in the  prospectus,  please delete the
third paragraph and replace it with the following:


Effective  December 31, 2000, a corporate  reorganization  of Great-West  Life &
Annuity  Insurance  Company  ("GWL&A") was  completed.  Under the new structure,
GWL&A is no longer a subsidiary of The  Great-West  Life  Assurance  Company but
continues to be indirectly  owned by Great-West  Lifeco Inc., a holding company.
Great-West Lifeco Inc. is in turn a subsidiary of Power Financial Corporation, a
financial  services  company.   Power  Corporation  of  Canada,  a  holding  and
management company, has voting control of Power Financial Corporation.  Mr. Paul
Desmarais,  through a group of private holding companies, which he controls, has
voting control of Power Corporation of Canada.




                Please keep this supplement for future reference.






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