Supplement to Prospectus Dated May 1, 1995
Supplement Dated January 5, 1996
As set forth on the cover page and page 19 of the Prospectus, we indicated
that we intended to cease offering certain Sub-accounts and their underlying
mutual fund portfolios as investment options under the Annuity. On December 28,
1995, an order was granted by the Securities and Exchange Commission providing
for the necessary regulatory relief to substitute alternative Sub-accounts and
their underlying mutual fund portfolios for certain Sub-accounts and their
underlying mutual fund portfolios that we have ceased offering as investment
options under the Annuity. The following investment options have been eliminated
and are no longer available as investment options under the Annuity.
Investment options eliminated as of December 28, 1995:
Alger Balanced
Alger Income & Growth
Alliance Short-Term Multi-Market
Alliance Premier Growth
Alliance Growth & Income
Neuberger & Berman AMT Growth
Neuberger & Berman AMT Balanced
Neuberger & Berman AMT Limited Maturity Bond
Scudder Bond
AST Eagle Growth Equity
AST Phoenix Capital Growth
As of January 15, 1996, the Exchange Program as set forth on pages 26-28 of
the Prospectus under the heading "Exchange Contracts" is no longer being
offered.
ASAP-PROS- SUPP (1/96)
