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SUPPLEMENT, DATED AUGUST 28, 1995, TO PROSPECTUS, DATED MAY 1, 1995, FOR
MUTUAL OF AMERICA SEPARATE ACCOUNT NO. 2
SECTION 457 CONTRACT
The discussion on page 18 of the Prospectus regarding the Calvert Responsibly
Invested Balanced Portfolio (the "Portfolio") is supplemented as set forth
below. Under the Contracts, Participants may allocate account values to the
Calvert Responsibly Invested Balanced Fund of the Separate Account, which
invests in shares of the Portfolio.
Calvert Asset Management Company, Inc., the Adviser to the Portfolio, has
notified Mutual of America that it anticipates annual expenses of the
Portfolio for 1995 will exceed .85% of average net assets. Expenses
constituted 0.80% of the average net assets of the Portfolio for 1994 and .93%
of the average net assets of the Portfolio for the first six months of 1995.
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MUTUAL OF AMERICA LIFE INSURANCE COMPANY
