Supplement dated March 7, 2000 to the following prospectuses:
Minnesota Life Variable Life Account, dated May 3, 1999
Variable Annuity Account, dated May 3, 1999
Group Variable Annuity Account, dated May 3, 1999
Effective March 7, 2000 the Advantus Series Fund, Inc. - Small Company Growth
Portfolio shall be sub-advised by Credit Suisse Asset Management LLC and the
Advantus Series Fund, Inc. - Small Company Value Portfolio shall be sub-
advised by State Street Research & Management Company.
Supplement dated March 7, 2000 to the Advantus Series Fund, Inc. prospectus
dated May 3, 1999:
The section captioned "Investing in the Fund - Managing the Portfolios" on
page 56 of the Prospectus is supplemented as follows:
The investment sub-adviser of the Small Company Growth Portfolio is Credit
Suisse Asset Management LLC (CSAM), 153 East 53rd Street, One Citicorp Center,
New York, New York 10022. CSAM provides investment advice and generally
conducts the investment management program for the Small Company Growth
Portfolio.
The investment sub-adviser of the Small Company Value Portfolio is State
Street Research & Management Company (State Street Research), One Financial
Center, Boston, Massachusetts 02111. State Street Research provides
investment advice and generally conducts the investment management program
for the Small Company Value Portfolio.
<TABLE>
<CAPTION>
Portfolio Manager Primary Portfolio Business Experience During
Portfolio and Title Manager Since Past Five Years
<S> <C> <C> <C>
Small Company Stephen J. Lurito March 7, 2000 Managing Director and Portfolio
Growth Co-Portfolio Manager, CSAM
Manager
Sammy Oh March 7, 2000 Portfolio Manager, CSAM, from
Co-Portfolio Manager 1997; previous Vice President
of Bessemar Trust, 1995 to
1996; Vice President of
Fostmann-Leff, 1993 to 1995
Small Company Rudolph K. Kluiber March 7, 2000 Senior Vice President, State
Value Portfolio Manager Street Research, since 1989
</TABLE>
The section entitled "Investing in the Fund - Advisory Fees" on page 59 of
the Prospectus is supplemented as follows:
<TABLE>
<CAPTION>
Advisory Fee
(as a percentage of average)
Portfolio daily net assets)
<S> <C>
Small Company Growth Portfolio 0.75%1
Small Company Value Portfolio 0.75%2
</TABLE>
1 Advantus Capital uses a portion of these fees to pay
CSAM an annual sub-advisers fee equal to 0.65% of
total assets between $0 and $500 million; 0.60% of total
assets between $500 million and $1 billion; 0.50%
of total assets between $1 billion and $2 billion;
and 0.45% of total assets exceeding $2 billion.
The term "assets" includes all assets advised
or sub-advised by CSAM for Advantus Capital
or its affiliates, in addition to the assets
of the Portfolio. The fee rate is
applied to all assets back to the first
dollar in the Portfolio.
2 Advantus Capital uses a portion of these fees
to pay State Street Research an
annual sub-advisers fee equal to 0.65%
on the first $500 million of assets; 0.60%
on the next $500 million of assets; and 0.50%
of assets in excess of $1 billion.
The term "assets" includes all 'small
company value' assets sub-advised by State
Street Research for Advantus Capital or its
affiliates, in addition to the assets
of the Portfolio.
Investors should retain this supplement for future reference.
F. 54668 3-2000
