SUPPLEMENT TO
PHOENIX HOME LIFE VARIABLE ACCUMULATION ACCOUNT
Prospectus dated May 1, 1996
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Under "What fees are charged to the Account?" on page 10, the following replaces
the second sentence of the third paragraph:
For Contracts with a Contract Value of at least $50,000 there is no
annual administrative charge.
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Under "Charges For Administrative Services" on page 14, the following replaces
the first two sentences of the second paragraph:
To cover its fixed cost of administration, such as preparation of
billings and statements of account, Phoenix Home Life charges each
Contract $35 each year prior to the Contract's Maturity date. For
Contracts issued under a tax-qualified plan other than an IRA, a
reduced annual administrative charge of $15 may apply. For Contracts
with a Contract Value of at least $50,000 there is no annual
administrative charge.
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OL1332C Supplement July 1, 1996
