PACIFIC SELECT EXEC SEPARATE ACCT PACIFIC MUTUAL LIFE INS, 497, 1997-01-15

PACIFIC SELECT EXEC SEPARATE ACCT PACIFIC MUTUAL LIFE INS
497, 1997-01-15

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                     SUPPLEMENT DATED JANUARY 15, 1997 TO
                     PROSPECTUS DATED JANUARY 15, 1997 FOR

                        PACIFIC SELECT ESTATE PRESERVER
         LAST SURVIVOR FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY
                ISSUED BY PACIFIC MUTUAL LIFE INSURANCE COMPANY


Death Benefit Options C and D are currently not available.  We will notify 
Owners of Pacific Select Estate Preserver Policies when these Death Benefit 
Options become available.  We will change your current Death Benefit Option to 
Option C or D if we receive your request for such a change within 60 days after 
we notify you.  If you elect to change to Death Benefit Option D we require 
evidence of insurability of both Insureds.  A change to Death Benefit Option C 
does not require evidence of insurability.