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SAFECO LIFE INSURANCE COMPANY
SUPPLEMENT TO THE PROSPECTUS DATED OCTOBER 30, 1997
SUPPLEMENT DATED OCTOBER 30, 1997
The following information supplements disclosures for the Lexington Natural
Resource Trust and Lexington Emerging Markets Fund under the heading "Lexington
Natural Resources Trust and Lexington Emerging Markets Fund, Inc." on page 20 of
the PREMIER Accumulation Life Prospectus:
The adviser does not reimburse any expenses for the Lexington Natural Resources
Trust. For the period May 1, 1996 through April 30, 1997, the adviser
voluntarily limited management and operating expenses for Lexington Emerging
Markets Fund to a maximum of 1.75%. Beginning May 1, 1997, the adviser will no
longer reimburse the Fund to the extent that management and operating expenses
exceed 1.75%. For the one year ended December 31, 1996, the adviser voluntarily
waived or reimbursed expenses. Total expenses for the period, after
reimbursement, were 1.64%. Without reimbursement, total expenses would have
been 2.23%.
