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September 3, 1999 SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1999 of Fortis Benefits Insurance Company for Flexible Premium Variable Annuities The paragraph on page 2 under the section entitled "Fortis Benefits" which refers to the Standard & Poor's rating of Fortis Benefits Insurance Company is amended to indicate that the rating by Standard & Poor's is AA-, which is defined as an insurer who offers "very strong financial strength."
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