SUPPLEMENT TO MAY 1, 1995
PHOENIX HOME LIFE VARIABLE ACCUMULATION ACCOUNT
PROSPECTUS
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The term "Contract Year" should be replaced with "Age of Deposit in Complete
Years" in the table under "Deferred Sales Load (as a percentage of amount
surrendered)" on page 3 of the prospectus.
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The following replaces the Example under "Fund Annual Expenses" on page 3 of the
prospectus:
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<TABLE>
<CAPTION>
Wanger Wanger
U.S. Int'l
Total Money Real Small Small
Sub-Accounts Growth Bond Return Market Int'l Balanced Estate*** Cap*** Cap***
------ ---- ------ ------ ----- -------- --------- ------ ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Example
If you surrender your Contract at the end of the
applicable time period, you would pay the followin
expenses on a $1,000 investment, assuming 5%
annual return on assets:
1 year $ 69 $ 67 $ 68 $ 66 $ 72 $ 68 $ 71 $ 72 $ 76
3 years 99 94 97 91 107 96 105 109 120
5 years 129 121 126 116 144 124 139 146 165
10 years 253 238 248 227 284 243 274 289 327
If you do not surrender your Contract, you would pay the following expenses on a
$1,000 investment, assuming 5% annual return on assets:
1 year $ 23 $ 21 $ 22 $ 20 $ 26 $ 22 $ 25 $ 26 $ 30
3 years 69 65 68 62 78 66 75 80 92
5 years 119 111 116 106 134 114 129 136 156
10 years 253 238 248 227 284 243 274 289 327
</TABLE>
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The following replaces the last paragraph under "What Fees Are Charged to The
Account?" on page 12 of the prospectus:
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The Annual Administrative Charge is generally $35 and is deducted each year
(or any part thereof) under each Contract. A reduced Annual Administrative
Charge may apply to Contracts issued after September 1, 1994. This charge is
deducted on the Contract Anniversary Date from each Sub-account and/or the
Guaranteed Interest Account on a pro-rata basis, and is not subject to increase,
but may be subject to decrease.
OL1332C Supplement June 15, 1995
