Supplement Dated February 28, 1997
to the Prospectus Dated May 1, 1996 for ValuePlus
Single Premium Variable Life Policy
The following supplemental information should be read in conjunction with the
Prospectus dated May 1, 1996 for the Single Premium Variable Life Policy issued
by The Guardian Insurance & Annuity Company, Inc. ("GIAC") through The Guardian
Separate Account B and marketed under the name "ValuePlus".
Effective February 28, 1997, The Guardian Real Estate Account is no
longer available for allocation or transfers of account values. Transfers
from the Real Estate Account to any other investment division may
continue to be made, but are subject to the restrictions set forth in the
Prospectus.
This Supplement should be retained with the Prospectus for future
reference.
