COMPOSITE DEFERRED VARIABLE ACCOUNT,
FLEXIBLE PREMIUM DEFERRED VARIABLE
ANNUITY CONTRACT
AND
COMPOSITE DEFERRED SERIES, INC.
SUPPLEMENT DATED DECEMBER 18, 1995
TO THE PROSPECTUS DATED APRIL 28, 1995
The Northwest 50 Portfolio has been renamed
Northwest Portfolio and the method of
achieving its fundamental investment objective has
been changed to allow investments to be selected
without considering the Northwest 50 (R) Index.
The Portfolio's objective is long-term growth of capital.
All common stocks will be selected from companies,
including real estate investment trusts, located or
doing business in the Northwest. In addition, at
least 65% of its total assets will be invested in
companies whose principal executive offices are
located in the Northwest.
