SUPPLEMENT DATED SEPTEMBER 1, 1997
TO
PROSPECTUS DATED JULY 22, 1997
WRL FREEDOM WEALTH CREATORSM
Effective September 1, 1997, Western Reserve will no longer make
payment of partial withdrawals or Surrenders by wire transfers.
The following information replaces the fourth and fifth sentences on page 17,
third full paragraph entitled 4. Partial Withdrawals and Surrenders. This
section is under the heading "The Contract - Accumulation Provisions - Partial
Withdrawals and Surrenders."
When Western Reserve incurs extraordinary charges, such as overnight mail
expenses, for expediting delivery of a partial withdrawal or Surrender payment
to a Contract Owner, Western Reserve will deduct such charges from the payment.
The current charge for overnight delivery is $20.
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