AMERITAS VARIABLE LIFE INSURANCE CO SEPARATE ACCT VA-2
497, 2000-10-02
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               AMERITAS VARIABLE LIFE INSURANCE COMPANY ("AVLIC")
         AMERITAS VARIABLE LIFE INSURANCE COMPANY SEPARATE ACCOUNT V AND
         AMERITAS VARIABLE LIFE INSURANCE COMPANY SEPARATE ACCOUNT VA-2
                              ("SEPARATE ACCOUNTS")
                                  SUPPLEMENT TO
         OVERTURE LIFE SPVUL, OVERTURE APPLAUSE!, OVERTURE APPLAUSE! II,
            OVERTURE ENCORE!, OVERTURE BRAVO!, CORPORATE BENEFIT VUL,
          OVERTURE ANNUITY, OVERTURE ANNUITY II, OVERTURE ANNUITY III,
        OVERTURE ANNUITY III-PLUS, OVERTURE ACCLAIM! AND OVERTURE ACCENT!
                         PROSPECTUSES DATED MAY 1, 2000
                        SUPPLEMENT DATED OCTOBER 2, 2000

        EFFECTIVE  DECEMBER 31, 2000,  the Universal  Institutional  Funds Asian
        Equity  ("UIF Asian  Equity")  portfolio  will no longer be an available
        investment option under the Policy.

        Funds  allocated  to the UIF Asian Equity  subaccount  as of the date of
        this supplement may remain invested in the portfolio. If transferred out
        of the subaccount, however, reinvestment in the portfolio will not be an
        option.  Ameritas intends to file an application with the Securities and
        Exchange  Commission to substitute  the shares of another  portfolio for
        shares of the UIF Asian Equity  portfolio if any funds remain in the UIF
        Asian Equity subaccount as of December 31, 2000.

THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR VARIABLE
POLICY ISSUED BY AMERITAS VARIABLE LIFE INSURANCE COMPANY.  IF YOU DO NOT HAVE A
CURRENT PROSPECTUS, PLEASE CONTACT AVLIC AT 1-800- 745-1112.


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