Rule 497(e)
File No. 2-89550
FutureFunds Series Account of
Great-West Life & Annuity Insurance Company
Effective November 30, 2000
On page 6 of the prospectus under the heading "Eligible Fund Annual Expenses,"
please delete the disclosure provided regarding the INVESCO Dynamics Fund and
replace with the following:
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
Total
Eligible Fund Management Other Eligible Fund
fees expenses expenses
INVESCO Dynamics Fund 0.52% 0.55% 1.07%
</TABLE>
For the INVESCO Dynamics Fund, because the Fund pays 12b-1 distribution fees of
0.25%, which are based upon the Fund's assets, fees may exceed the economic
equivalent of the maximum front-end sales charge permitted for mutual funds by
the National Association of Securities Dealers, Inc
On page 7, under the heading "Examples," please delete the disclosure provided
regarding the INVESCO Dynamics Fund and replace with the following:
If you make a total withdrawal at the end of the applicable time period, you
would pay the following expense on a $1,000 investment, assuming a 5% annual
return on assets and an assessment of the maximum mortality and expense risk
charge that is assessed as a daily deduction from the Investment Divisions and
Contingent Deferred Sales Charge under any Group Contract:
<TABLE>
<S> <C> <C> <C> <C>
Investment Division 1 Year 3 Year 5 Year 10 Year
------------------- ------ ------ ------ -------
INVESCO Dynamics Fund $84.18 $138.15 $200.34 $338.53
</TABLE>
On page 8, under the heading "Examples," please delete the disclosure provided
regarding the INVESCO Dynamics Fund and replace with the following:
If you continue your interest under the Group contract, or if you elect to take
annuity payments, at the end of the applicable time period, you would pay the
following expenses on a $1,000 investment, assuming a 5% annual return on assets
and an assessment of the maximum mortality and expense risk charge that is
assessed as a daily deduction from the Investment Divisions:
<TABLE>
<S> <C> <C> <C> <C>
Investment Division 1 Year 3 Year 5 Year 10 Year
------------------- ------ ------ ------ -------
INVESCO Dynamics Fund $24.18 $78.15 $140.34 $338.53
</TABLE>
