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RULE 497(e)
REG. NO. 33-41628
SUPPLEMENT DATED JULY 1, 1999
TO PROSPECTUS, DATED MAY 1, 1999
FOR
FUTURITY II
VARIABLE AND FIXED ANNUITY
ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
Effective July 1, 1999, the name of the J.P. Morgan Series Trust II
Equity Portfolio is changed to the J.P. Morgan Series Trust II U.S.
Disciplined Equity Portfolio. All references in the Prospectus dated May 1,
1999 (the "Prospectus") and in the Statement of Additional Information dated
May 1, 1999 (the "SAI") for the Futurity II Variable and Fixed Annuity to the
"J.P. Morgan Equity Portfolio" now refer to the "J.P. Morgan U.S. Disciplined
Equity Portfolio" (the "Fund").
Additionally, you should note the following changes to the Prospectus:
1. The "Total Annual Series Expenses" and the Total Annual Expenses"
for the Fund shown in the summary of Expenses contained in Item 5 of the
Prospectus Profile should now read "0.87%" and "2.37%," respectively.
"EXAMPLES: Total Expenses" at the end of 10 Years should now read "$271."
2. "Management Fees (After Reimbursement)," "Other Expenses (After
Reimbursement)" and "Total Fund Annual Expenses (After Reimbursement)" for
the Fund shown in the table on page 5 of the Prospectus under the heading
"Underlying Fund Annual Expenses" should now read "0.35%," "0.52%" and
"0.87%," respectively. Additionally, Footnote (4) to the table is hereby
deleted in its entirety and replaced with the following:
"(4) An affiliate of the adviser has agreed to reimburse the J.P. Morgan
U.S. Disciplined Equity Portfolio, to the extent certain expenses
exceed 0.85% of that Fund's average daily net assets through
December 31, 1999; for the period from January 1, 1999 through
June 30, 1999, the affiliate of the adviser has agreed to reimburse
the Fund to the extent certain expenses exceed 0.90% of the
portfolio's average daily net assets. With respect to each the
J.P. Morgan International Opportunities Portfolio and the J.P.
Morgan Small Company Portfolio, an affiliate of the adviser has
agreed to reimburse the Fund, to the extent certain expenses exceed
the following percentages of the Fund's daily net assets during
fiscal year 1999: 1.20% for the J.P. Morgan International
Opportunities Portfolio, and 1.15% for the J.P. Small Company
Portfolio. Absent this reimbursement, "Total Fund Annual Expenses"
would have been 1.43% for the J.P. Morgan U.S. Disciplined Equity
Portfolio, 3.26% for the J.P. Morgan International Opportunities
Portfolio, and 3.43% for the J.P. Morgan Small Company Portfolio."
3. The 3 Years, 5 Years and 10 Years Example expenses for the Fund
shown on page 7 of the Prospectus are amended to read $113, $152 and $271,
respectively.
4. The 3 Years, 5 Years and 10 Years Example expenses for the Fund
shown on page 8 of the Prospectus are amended to read $74, $127 and $271,
respectively.
FUT 838
