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Supplement dated
May 21, 1997
MONYMASTER VARIABLE ANNUITY
SUPPLEMENT TO PROSPECTUS DATED MAY 1, 1997
On page 23, the second sentence of the first paragraph following the
caption "Annuity Commencement Date" is deleted and the following sentence is
inserted:
The Annuity Commencement Date chosen may be no earlier than the
Contract Anniversary nearest the Annuitant's 10th birthday, and no later
than the Contract Anniversary nearest the Annuitant's 90th birthday.
On pages 23-24, the fourth sentence of the first paragraph following the
caption "Annuity Commencement Date" is deleted and the following sentence is
inserted:
The Annuity Commencement Date may be advanced to a date not earlier
than the 10th Contract Anniversary or deferred from time to time by the
Contractholder by written notice to the Company, provided that (1) notice
of such deferral or advance is received by the Company prior to the then
current Annuity Commencement Date, and (2) the new Annuity Commencement
Date is a date which is not later than the Contract Anniversary nearest the
Annuitant's 90th birthday.
On page 27, the last sentence of the first paragraph following the caption
"Contingent Annuitant" is deleted and the following sentence is inserted:
The Contingent Annuitant will be deleted from the Contract
automatically by the Company as of the Contract Anniversary nearest the
Contingent Annuitant's 90th birthday.
On page 27, the sub-paragraph numbered (4) of the second paragraph
following the caption "Contingent Annuitant" is deleted and the following
sentence is inserted:
(4) if the Annuity Commencement Date is later than the Contract
Anniversary nearest the Contingent Annuitant's 90th birthday, the Annuity
Commencement Date will be automatically advanced to that Contract
Anniversary.
Form No. 13455 SL (5/97) Registration No. 33-37722
