MBL Variable Contract Account-7
Supplement Dated May 1, 1998
To Prospectus Dated May 1, 1998
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 acquirer of MBL Life has been finalized at this stage, a sale
transaction, depending on the structure of the transaction and the
future plans of the acquirer, may 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.
