SUPPLEMENT DATED DECEMBER 26, 1995
TO
PROSPECTUS DATED MAY 1, 1995
FOR
LIFE OF VIRGINIA SERIES FUND, INC.
On December 26, 1995, AON Corporation announced that it has agreed to sell all
of the common stock of Forth Financial Resources, Ltd., the parent of Forth
Financial Securities Corporation ("FFSC"), to General Electric Capital
Corporation (the "Transaction"). FFSC is the principal underwriter of the shares
of Life of Virginia Series Fund, Inc. (the "Fund"). The Transaction is expected
to close in the first half of 1996.
FFSC currently serves as the principal underwriter pursuant to a distribution
agreement dated June 30, 1994 (the "Agreement"). Pursuant to the terms of the
Agreement, a change of control of FFSC will result in a technical assignment and
the termination of the Agreement. It is anticipated that a meeting of the Board
of Directors of the Fund will be convened in the near future to consider the
approval of a new distribution agreement. This new agreement would have
substantially the same terms and conditions as the current Agreement, and if
approved by the Board, would become effective upon the closing of the
Transaction.
