MBL Variable Contract Account-7
Supplement Dated November 5, 1997
To Prospectus Dated May 1, 1997
This supplement should be read in conjunction with the MBL
Variable Contract Account-7 (the "Account") prospectus, a copy of
which can be obtained without charge from Pension and Investment
Products, MBL Life Assurance Corporation, 520 Broad Street,
Newark, New Jersey 07102, ATTN: MBL VARIABLE CONTRACT ACCOUNT-7,
or by telephoning 1-800-435-3191.
The Board of Directors of MBL Life Assurance Corporation ("MBL
Life"), the owner of the Account's investment adviser, First
Priority Investment Corporation ("First Priority"), has publicly
announced the intention to explore opportunities for the sale of
MBL Life. While no acquiror of MBL Life has been identified at
this stage, a sale transaction may, depending on the structure of
the transaction and the future plans of the acquiror, result in a
change of control of First Priority. If there is a change of
control of First Priority, contract holders of the Account would
receive a proxy statement describing the proposed new agreement
and related matters and would be asked to approve such changes.
In any event, this prospectus will be supplemented as necessary
to reflect any related developments that may affect the contract
holders of the Account.
