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File Pursuant to Rule 497(e)
Registration No. 033-28888
SUPPLEMENT DATED JULY 25, 1997 TO THE PROSPECTUS
DATED MAY 1, 1997 FOR
CANADA LIFE OF AMERICA SERIES FUND, INC.
Effective July 25, 1997, the section in the prospectus captioned "International
Equity Portfolio Sub-Adviser" is amended to include the following:
Effective July 15, 1997, the International Equity Portfolio Sub-Adviser changed
its name from Canada Life Investment Management Limited to INDAGO Capital
Management Inc. The name change was executed in connection with the sale of
fifty percent of the International Equity Portfolio Sub-Adviser's outstanding
common stock to certain of its executive employees (the "Executive Employees").
The International Equity Portfolio Sub-Adviser is jointly owned by the Executive
Employees and The Canada Life Assurance Company.
