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SUPPLEMENT DATED JUNE 3, 1998
TO
THE PROSPECTUS DATED MAY 1, 1998
FOR CANADA LIFE OF AMERICA VARIABLE ANNUITY ACCOUNT 1
Effective May 29, 1998, the provision in the prospectus captioned Berger IPT-
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Small Company Growth Fund under The Variable Account, The Funds And Fixed
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Account section is deleted in its entirety and replaced with the following:
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BERGER IPT-SMALL COMPANY GROWTH FUND
The portfolio is advised by Berger Associates, Inc. The investment objective of
the Berger IPT-Small Company Growth Fund is capital appreciation. The portfolio
seeks to achieve this objective by investing primarily in common stocks of small
companies and other securities with equity features. Under normal circumstances,
the portfolio invests at least 65% of its assets in equity securities of
companies whose market capitalizations, at the time of initial purchase, is less
than the 12-month average of the maximum market capitalization for companies
included in the Russell 2000 Index. This average is updated monthly. The balance
of the portfolio may be invested in larger companies, government securities or
other short-term investments.
