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ALPHA VARIABLE ANNUITY/ALPHAFLEX VARIABLE ANNUITY
JEFFERSON-PILOT SEPARATE ACCOUNT A
SUPPLEMENT DATED DECEMBER 8, 1997
TO THE PROSPECTUS DATED MAY 1, 1997
On December 5, 1997, pursuant to an Order of the Securities and Exchange
Commission, shares of the Capital Growth Portfolio of Chubb America Fund, Inc.
("CAF") were substituted for shares of the Growth Fund of the Alexander Hamilton
Variable Insurance Trust ("AHVIT") and shares of the CAF Emerging Growth
Portfolio were substituted for shares of the AHVIT Emerging Growth Fund for
existing Contracts. Therefore, effective December 5, 1997, Jefferson-Pilot
Separate Account A no longer invests in the AHVIT Growth Fund and the AHVIT
Emerging Growth Fund but invests instead in the CAF Capital Growth Portfolio and
the CAF Emerging Growth Portfolio.
The investment adviser for CAF is Chubb Investment Advisory Corporation.
The CAF Capital Growth Portfolio, sub-advised by Janus Capital Corporation,
seeks capital growth. Realization of income is not a significant investment
consideration by the Sub-Investment Manager and any income realized will be
incidental.
The CAF Emerging Growth Portfolio, sub-advised by Massachusetts Financial
Services Company, seeks long-term growth of capital. Dividend and interest
income from portfolio securities, if any, is incidental to the Portfolio's
investment objective of long-term growth.
