MUL P-1
V1 P-1
V2V3 P-1
V4 P-2
V2NY P-1
V4NY P-1
VIP P-1
Supplement Dated July 1, 1999
to the Prospectus
of
FRANKLIN VALUEMARK(R) LIFE
Single Premium Variable Life Insurance
Allianz Life Variable Account A
Dated May 1, 1999
ALLIANZ VALUE LIFE
A Flexible Universal Life Insurance Policy
Allianz Life Variable Account A
Dated May 1, 1999, as amended June 1, 1999
FRANKLIN VALUEMARK(R) II, III AND IV
Flexible Payment Variable Annuities
Allianz Life Variable Account B
Dated May 1, 1999
FRANKLIN VALUEMARK(R) II AND IV
Flexible Premium Variable Annuity
Preferred Life Variable Account C
Dated May 1, 1999
FRANKLIN TEMPLETON VALUEMARK INCOME PLUS
An Individual Immediate Variable Annuity
Allianz Life Variable Account B
Dated May 1, 1999
The Board of Trustees of Franklin Valuemark Funds (the Trust), has approved a
change in the name of the Trust to Franklin Templeton Variable Insurance
Products Trust. References to Franklin Valuemark Funds or to the Trust in the
Contract's profile or prospectus should be deemed to refer to Franklin Templeton
Variable Insurance Products Trust. The names of the Portfolios of the Trust
available under the Contract remain unchanged.
