<PAGE> Rule 497(c)
Registration No. 333-82957
SUPPLEMENT DATED JANUARY 3, 2000
TO
PROFILE DATED OCTOBER 14, 1999
AND
PROSPECTUS DATED OCTOBER 14, 1999
FOR
FUTURITY ACCOLADE
VARIABLE AND FIXED ANNUITY
ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)
Effective January 3, 2000, for all Futurity Accolade Variable and
Fixed Annuity Contracts ("Accolade Contracts") issued on or after October 14,
1999, we will:
- waive the 2% and 1% withdrawal charges on all Purchase Payments you
make in Account Years 7 and 8, respectively;
- reduce the charge you pay for an optional death benefit rider if
you were younger than 70 years old on the Contract Date from 0.20%
to 0.15% of your average daily Contract value; and
- reduce the charge you pay for an optional death benefit rider if you
were at least 70 but less than 80 years old on the Contract Date from
0.40% to 0.15% of your average daily Contract value.
All references to the 2% and 1% withdrawal charges contained in the Profile
("Profile") and the Prospectus ("Prospectus") for the Futurity Accolade Variable
and Fixed Annuity, each dated October 14, 1999, should be disregarded.
Additionally, effective January 3, 2000, all references in the
Profile and Prospectus to a 0.20% or a 0.40% charge for optional death
benefit riders should be changed to a 0.15% charge.
THIS SUPPLEMENT IS NOT VALID UNLESS ACCOMPANIED BY OR PRECEDED BY THE
CURRENT PROSPECTUS OF THE FUTURITY ACCOLADE VARIABLE AND FIXED ANNUITY, DATED
OCTOBER 14, 1999, AND SHOULD BE READ TOGETHER WITH THE PROSPECTUS, AND THE
CURRENT PROSPECTUSES OF THE FUNDS. THIS SUPPLEMENT AND THE PROSPECTUSES SHOULD
BE READ AND RETAINED FOR FURTHER REFERENCE.
FUT 892
