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THE ENDEAVOR ML VARIABLE ANNUITY
ISSUED BY
PFL LIFE INSURANCE COMPANY
Supplement Dated July 18, 1997
To The
Prospectus Dated May 1, 1997
The Endeavor Series Trust has filed an amendment to its registration
statement with the Securities and Exchange Commission. The amendment adds a new
portfolio to the Endeavor Series Trust, the Montgomery Select 50 Portfolio. The
amendment is not effective and is not expected to become effective until
October 1, 1997. Shares of the new portfolio cannot be sold nor may offers to
buy be accepted until the amendment to the registration statement becomes
effective. PFL Life Insurance Company intends to make this new investment option
available to Owners and purchasers of the Endeavor ML Variable Annuity, but
premium payments cannot be accepted for the Montgomery Select 50 Portfolio and
transfers cannot be made into the Montgomery Select 50 Portfolio until the
amendment to the registration statement becomes effective.
Information contained herein is subject to completion or amendment. A
registration statement relating to interests in the Montgomery Select 50
Portfolio has been filed with the Securities and Exchange Commission. Interest
in the Montgomery Select 50 Portfolio, or in the corresponding sub-account of
the PFL Endeavor Variable Annuity Account, may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes effective.
This prospectus supplement shall not constituted an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these securities
in any state in which such offer, solicitation, or sale would be unlawful prior
to registration and qualification under the securities laws of any such state.
THIS PROSPECTUS SUPPLEMENT MUST BE ACCOMPANIED
BY THE
PROSPECTUS FOR THE ENDEAVOR ML VARIABLE ANNUITY DATED MAY 1, 1997
AND BY THE
PRELIMINARY PROSPECTUS FOR THE MONTGOMERY SELECT 50 PORTFOLIO DATED
JULY 18, 1997
