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SUPPLEMENT TO ACCUMULATION LIFE PROSPECTUS
SUPPLEMENT DATED APRIL 30, 1999
TO PROSPECTUS DATED APRIL 30, 1998
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SAFECO SEPARATE ACCOUNT SL EXPENSE TABLE
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PORTFOLIO EXPENSES Other Expenses
(as a percentage of average net assets) (after expense
Management reimbursement for Total Annual
Fees certain Portfolios) Portfolio Expenses
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<S> <C> <C> <C>
Managed by Fidelity Management & Research Company (b)
VIP Money Market Portfolio .20% .10% .30%
VIP High Income Portfolio .58% .12% .70%
VIP Equity-Income Portfolio .49% .09% .58%
VIP Growth Portfolio .59% .09% .68%
VIP Overseas Portfolio .74% .17% .91%
VIP II Investment Grade Bond Portfolio .43% .14% .57%
VIP II Asset Manager Portfolio .54% .10% .64%
VIP II Index 500 Portfolio (a) .24% .11% .35%
VIP II Asset Manager: Growth Portfolio .59% .14% .73%
VIP II Contrafund Portfolio .59% .11% .70%
Managed by Lexington Management Corporation (a)
Lexington Natural Resources Trust 1.00% .29% 1.29%
Lexington Emerging Markets Fund, Inc. .85% 1.23% 2.08%
Managed by SAFECO Asset Management Company (a)
RST Equity Portfolio .74% .04% .78%
RST Growth Portfolio .74% .06% .80%
RST Northwest Portfolio .74% .22% .96%
RST Bond Portfolio .74% .09% .83%
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(a)In some cases the fund advisers agree to waive or reimburse all or a
portion of the portfolio expenses. For those portfolios where such an
agreement exists, the expenses absent waiver or reimbursement would have
been .98% for the RST Bond Portfolio; .99% for the RST Northwest; .28% for
the Index 500 Portfolio. In addition, we have Fund Participation
Agreements with each of the non-SAFECO fund managers that describe the
administrative practices and responsibilities of the parties.
(b)A portion of the brokerage commissions certain funds pay was used to
reduce fund expenses. In addition, certain funds have entered into
arrangements with their custodian whereby credits realized, as a result of
uninvested cash balances were used to reduce custodian expenses. Including
these reductions, the total operating expenses presented in the table
would have been .57% for the VIP Equity-Income Portfolio; .66 % for the
VIP Growth Portfolio; .89% for VIP Overseas Portfolio;.63% for the VIP II
Asset Manager Portfolio; .66% for the VIP II Contrafund Portfolio; .72%
for the VIP II Asset Manager: Growth Portfolio.
The above portfolio expenses were provided by the portfolios. We have not
independently verified the accuracy of the information.
YEAR 2000
Like other insurance, mutual fund, financial and business organizations, and
individuals around the world, SAFECO Life and the Separate Account could be
adversely affected if the computer systems used by SAFECO Life, its principal
underwriter, underlying mutual fund managers and investment advisers, or other
companies that provide services to the Separate Account do not properly process
and calculate date related information from and after January 1, 2000. This is
commonly called the "Year 2000 problem." SAFECO Life is taking steps it believes
are reasonably designed to address the year 2000 problem with respect to the
computer systems that each of them uses and to obtain satisfactory assurance
that comparable steps are being taken by each of SAFECO Life's other major
service providers. It is not anticipated that the Separate Account will incur
any charges or that there will be any difficulties in accurate and timely
reporting resulting from the change in year from 1999 to 2000. However, with
approximately 90% of its systems ready, SAFECO Life in currently developing
business continuity plans for year 2000 contingencies.
