PINNACLE SERIES ACCOUNT OF GREAT WEST LIFE & ANN INS CO
497, 1996-11-01
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                                                      Rule 497(e)
                                                File No. 811-4235


PINNACLE SERIES ACCOUNT OF GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY

Insert on cover page of prospectus:

Effective November 1, 1996, the Investment Adviser of Maxim Series Fund will 
be GW Capital
Management, Inc.  As of that date, references in the prospectus to The Great-
West Life Assurance
Company as Investment Adviser to Maxim Series Fund, Inc. are deleted and 
replaced with GW Capital
Management, Inc.  GW Capital Management, Inc. is a wholly owned subsidiary 
of Great-West Life &
Annuity Insurance Company.




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