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.
