COVA VARIABLE ANNUITY ACCOUNT ONE
497, 1999-09-07
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                 COVA FINANCIAL SERVICES LIFE INSURANCE COMPANY
                              PROSPECTUS SUPPLEMENT
                              Dated September 7, 1999

This page supplements Cova Financial Services Life Insurance  Company's variable
product  prospectuses as set forth below.  Please keep this supplement with your
prospectus for future reference.


On August 26,  1999,  it was  announced  that The  Metropolitan  Life  Insurance
Company would  purchase  General  American Life  Insurance  Company,  the parent
company of Cova Financial Services Life Insurance Company ("Cova"). Metropolitan
Life is one of the country's oldest and most financially  sound  life  insurance
organizations.  It is anticipated  that at the closing of the purchase,  General
American's ratings, and those of Cova, which were lowered during July and
August, 1999, will be restored to their previous levels.


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