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SUPPLEMENT DATED
SEPTEMBER 1, 1998
SUPPLEMENT TO
MONYMASTER VARIABLE ANNUITY
PROSPECTUS DATED MAY 1, 1998
STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1998
On and after September 1, 1998, the Contracts offered by this prospectus
are available for use by individuals in retirement plans that qualify for
special federal income tax treatment under Section 408A of the Internal Revenue
Code of 1986 ("Code"). Section 408A of the Code created what is commonly
referred to as the "ROTH IRA".
Section 408A of the Code permits eligible individuals to contribute to
newly established Roth IRAs as well as to convert previously established
Individual Retirement Accounts to Roth IRAs (commonly referred to as "Roth
Conversion IRAs"). Both Roth IRAs and Roth Conversion IRAs are subject to
limitations on the amounts which may be contributed, the persons who may be
eligible, and on the time when distributions may commence.
(Form No. 13453 SL) (5/98) Reg. No. 33-20453
(Form No. 13454 SL)
(Form No. 13455 SL) (5/98) Reg. No. 33-37722
(Form No. 13456 SL)
