<PAGE>
Supplement Dated November 17, 1997
to Prospectus and Statement of Additional Information
Dated May 1, 1997
for
GrandMaster III Flexible Premium Variable Annuity
issued by Integrity Life Insurance Company
and
Funded Through Its Separate Account I
THIS SUPPLEMENT MODIFIES THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
AND SHOULD BE READ AND RETAINED
The Moderate Model of the Ibbotson Asset Allocation and Rebalancing Program
under Part 8 -Additional Information is replaced with the following:
MODERATE MODEL
Fund Allocation Percentage
---- ---------------------
VIP III Balanced 0%
VIP Equity Income 25%
VIP Growth 10%
VIP II Index 500 15%
VIP Overseas 15%
VIP II Investment Grade Bond 15%
GRO - 3 Year 20%
---
100%
<PAGE>
Supplement Dated December 1, 1997
to Prospectus and Statement of Additional Information
Dated May 1, 1997
for
GrandMaster III Flexible Premium Variable Annuity*
issued by Integrity Life Insurance Company
and
Funded Through Its Separate Account I
THIS SUPPLEMENT MODIFIES THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
AND SHOULD BE READ AND RETAINED
The following note is added to the cover page of the Prospectus:
* NOTE: CONTRACTS ISSUED IN THE STATE OF OREGON WILL BE SINGLE
PREMIUM VARIABLE ANNUITIES RATHER THAN FLEXIBLE PREMIUM VARIABLE
ANNUITIES. ALL REFERENCES TO FLEXIBLE CONTRIBUTIONS ARE SINGLE
CONTRIBUTIONS FOR THIS STATE.
The section "Guaranteed Rate Options" under Part 3 - Your Investment Options,
is amended to include the following:
The ten year GRO is not available in Oregon.
<PAGE>
Supplement Dated November 17, 1997
to Prospectus and Statement of Additional Information
Dated May 1, 1997
for
IQ The SMARTAnnuity Flexible Premium Variable Annuity
issued by Integrity Life Insurance Company
and
Funded Through Its Separate Account I
THIS SUPPLEMENT MODIFIES THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
AND SHOULD BE READ AND RETAINED
The Moderate Model of the Ibbotson Asset Allocation and Rebalancing Program
under Part 8 -Additional Information is replaced with the following:
MODERATE MODEL
Fund Allocation Percentage
---- ---------------------
VIP III Balanced 0%
VIP Equity Income 25%
VIP Growth 10%
VIP II Index 500 15%
VIP Overseas 15%
VIP II Investment Grade Bond 15%
GRO - 3 Year 20%
---
100%
