SUPPLEMENT TO THE PROSPECTUS
PROSPECTUS DATED MAY 1, 1996
(as amended September 15, 1996)
Phoenix Home Life Variable Accumulation Account
TEMPLETON INVESTMENT PLUS
The prospectus for the above Account is hereby supplemented by adding the
following paragraph under "Sales of Variable Accumulation Contracts," beginning
on page 25:
During the period October 1, 1996 through December 31, 1996, Phoenix Home Life,
through FTD, will pay the securities firm of TFS Securities, Inc. ("TFS"), an
amount equal to 5.25% of the purchase payments made under the Contracts sold by
TFS.
October 1, 1996 TIP TFSSTKR1 10/96
