ACACIA CAPITAL CORP, 497, 1997-01-06

ACACIA CAPITAL CORP
497, 1997-01-06

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                          ACACIA CAPITAL CORPORATION
                          CALVERT RESPONSIBLY INVESTED
                          CAPITAL ACCUMULATION PORTFOLIO

                         Prospectus dated May 1, 1996

                     Date of Supplement: December 18, 1996

Please note the following change to Page 9 of the Prospectus:

     Scott S. Johnston is no longer  associated  with  Apodaca-Johnston  Capital
Management, Inc. Apodaca-Johnston is one of the Fund's sub-advisors.