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Supplement dated May 1, 2000
To the Prospectus dated May 1, 2000
Select*Life NY
Select*Annuity NY
Variable Estate Design(SM)
ReliaStar Financial Corp. ("ReliaStar"), the parent company of ReliaStar Life
Insurance Company of New York ("ReliaStar New York"), has entered into an
Agreement and Plan of Merger dated as of April 30, 2000 (the "Agreement"), with
ING Groep N.V. ("ING") and ING America Insurance Holdings, Inc. The Agreement
provides for the acquisition of ReliaStar and its subsidiaries by ING. The
acquisition is currently expected to be completed in the third quarter of 2000.
The completion of the transaction is subject to various contingencies and to the
receipt of all regulatory and shareholder approvals. Following the completion of
the transaction, ReliaStar New York will continue to be responsible for all
contracts issued by it.
ING is a global financial institution active in the field of insurance, banking,
and asset management in more than 60 countries, with almost 90,000 employees.
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