<PAGE>
October 7, 1999
Dear Strategic Variable Life(R) Policyowner:
This information below supplements Massachusetts Mutual Life Insurance Company's
Strategic Variable Life(R) Prospectus dated May 1, 1999. Please place this
supplement with your Prospectus, and retain it for future reference.
- --------------------------------------------------------------------------------
STRATEGIC VARIABLE LIFE(R)
Supplement dated October 7, 1999
to the Prospectus dated May 1, 1999
The Strategic Variable Life(R) Prospectus is amended as follows:
1. All references in the Prospectus to the "Panorama International Equity
Portfolio" are changed to the "Oppenheimer International Growth Fund/VA."
2. A footnote number "(8)" is added to immediately follow the reference to
"Oppenheimer International Growth Fund/VA" in the chart in the section
entitled "Fund Charges" on pages 7-8. The following footnote is added at the
end of the "Fund Charges" section on page 8: "(8) Prior to October 1, 1999,
this Fund was called the Panorama International Equity Portfolio."
3. Five asterisks are added to immediately follow the reference to "Oppenheimer
International Growth Fund/VA" in the chart in the section entitled
"Investments of the Separate Account" on pages 9-10. The following footnote
is added at the end of the Division and Fund chart on page 10: "*****Prior
to October 1, 1999, this Fund was called the Panorama International Equity
Portfolio."
4. One asterisk is added to immediately follow the heading "Oppenheimer
International Growth Fund/VA" in the section entitled "Investments of the
Separate Account" on page 12. The following footnote is added at the end of
the paragraph describing the Oppenheimer International Growth Fund/VA on
page 12: "*Prior to October 1, 1999, this Fund was called the Panorama
International Equity Portfolio."
5. The first sentence of the fourth paragraph under the "Panorama Series Fund,
Inc." heading on page 12 is deleted.
October 7, 1999
