WFVXTC (1/98)
Supplement to Prospectus Dated May 1, 1997
Supplement dated January 2, 1998
A. Portfolio Expenses
As of the date of this Supplement, the following information related to the
portfolios of the Life & Annuity Trust in the table entitled "Underlying Mutual
Fund Portfolio Annual Expenses (as a percentage of average net assets)" replaces
the information provided in your Prospectus.
Underlying Mutual Fund Portfolio Annual Expenses
(as a percentage of average net assets)
Unless otherwise indicated, the expenses shown below are the current expenses
effective as of December 31, 1997. "N/A" indicates that no entity has agreed to
reimburse the particular expense indicated. The expenses of the portfolios
either are currently being partially reimbursed or may be partially reimbursed
in the future. Management Fees, Other Expenses and Total Annual Expenses are
provided on both a reimbursed and not reimbursed basis, if applicable. See the
prospectuses or statements of additional information of the underlying mutual
funds for details.
<TABLE>
<CAPTION>
Total Total
Annual Annual
Management Management Other Other Expenses Expenses
Fee Fee Expenses Expenses after any without any
after any without any after any without any applicable applicable
Portfolio: voluntary voluntary any applicable applicable waiver or waiver or
waiver waiver reimbursement reimbursement reimbursement reimbursement
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Life & Annuity Trust
<S> <C> <C> <C> <C> <C> <C>
Asset Allocation N/A 0.60% 0.25% 0.26% 0.85% 0.86%
U.S. Government Allocation N/A 0.60% 0.28% 0.37% 0.88% 0.97%
Money Market N/A 0.45% 0.30% 0.60% 0.75% 1.05%
Growth & Income N/A 0.60% N/A 0.40% 1.00% 1.00%
</TABLE>
The above Management Fees and Other Expenses have been restated to reflect the
current Management Fee waivers and reimbursement of Other Expenses.
The following information replaces the information related to the Life & Annuity
Trust portfolios in the table entitled "Expense Examples":
Examples (amounts shown are rounded to the nearest dollar)
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If you surrender your Annuity at the end of the applicable time period, you
would pay the following expenses on a $1,000 investment, assuming 5% annual
return on assets:
After:
Sub-accounts 1 yr. 3 yrs.5 yrs. 10 yrs.
WF Asset Allocation 109 160 203 274
WF U.S. Government Allocation 110 161 205 277
WF Growth and Income 111 165 212 290
WF Money Market 108 157 198 263
If you do not surrender your Annuity at the end of the applicable time period or
begin taking annuity payments at such time, you would pay the following expenses
on a $1,000 investment, assuming 5% annual return on assets:
After:
Sub-accounts 1 yr. 3 yrs.5 yrs. 10 yrs.
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WF Asset Allocation 24 75 128 274
WF U.S. Government Allocation 25 76 130 277
WF Growth and Income 26 80 137 290
WF Money Market 23 72 123 263
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