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Supplement Dated October 1, 1996 to the:
Prospectus of the MIMLIC Series Fund, Inc. Dated May 1, 1996
Prospectus of the Minnesota Mutual Variable Fund D Dated May
1, 1996
Prospectus of the Minnesota Mutual Variable Annuity Account
Dated May 1, 1996
Prospectus of the Minnesota Mutual Variable Life Account Dated
May 1, 1996
Prospectus of the Minnesota Mutual Group Variable Annuity
Account Dated May 1, 1996
Prospectus of the Minnesota Mutual Variable Universal Life
Account Dated May 1, 1996
Effective October 1, 1996, pursuant to the approval of a new
Sub-Advisory Agreement (the "Voyageur Agreement") by the Fund's Board
of Directors, on July 17, 1996, and by the Shareholders of the Growth
Portfolio, at a Special Meeting of the Growth Portfolio held on
September 30, 1996, the Growth Portfolio of the Fund will be managed
by Voyageur Fund Managers, Inc. ("Voyageur Managers"), a Minnesota
corporation with offices at 90 South Seventh Street, Suite 4400,
Minneapolis, Minnesota 55402. Voyageur Managers is an indirect,
wholly-owned subsidiary of Dougherty Financial Group, Inc. ("DFG"),
which is owned approximately 49% by Michael E. Dougherty, 49% by
Pohlad Companies and less than 1% by certain retirement plans for the
benefit of DFG employees. Mr. Dougherty co-founded the predecessor DFG
in 1977 and has served as DFG's Chairman of the Board and Chief
Executive Officer since inception. The address of DFG is the same as
that of Voyageur Managers. Pohlad Companies is a holding company owned
in equal parts by each of James O. Pohlad, Robert C. Pohlad and
William M. Pohlad. The address of Pohlad Companies is 3880 Dain
Bosworth Plaza, 60 South Sixth Street, Minneapolis, Minnesota 55402.
Voyageur Managers serves as the manager to six closed-end and ten
open-end investment companies, (comprising 33 separate investment
portfolios), administers numerous private accounts and manages
approximately $7.0 billion in assets.
Under the Voyageur Agreement, the duties of Voyageur Managers will be
to furnish ongoing portfolio selection and related research and
statistical services in connection with MIMLIC Management's investment
advisory activities on behalf of the Fund's Growth Portfolio. MIMLIC
Management will continue to supervise and monitor the performance of
Voyageur Managers and to provide various administrative services.
MIMLIC Management will pay a portion of the investment advisory fee
which it receives from the Growth Portfolio under its advisory
agreement with the Fund and the Growth Portfolio to Voyageur Managers
in exchange for its services under the Voyageur Agreement. The amount
received by Voyageur Managers under the Voyageur Agreement is equal to
.25% of the Growth Portfolio's average daily net assets.
The Voyageur Agreement will terminate automatically in the event of
its assignment. In addition, the Voyageur Agreement is terminable at
any time, without penalty, by the Board of Directors of the Fund or by
a vote of the majority of the outstanding voting securities of the
Fund's Growth Portfolio and by MIMLIC Management or Voyageur Managers
on 60 days' written notice to the other. The Voyageur Agreement will
also automatically terminate on any termination of the Investment
Advisory Agreement or Supplemental Agreement which are currently in
place as between the Fund and MIMLIC Management.
The Manager of the Growth Portfolio under the Voyageur Agreement will
be Mr. James King who since 1990 has been a Senior Equity Portfolio
Manager at Voyageur Managers.
F. 50361 10-96
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