PFL ENDEAVOR VARIABLE ANNUITY ACCOUNT /NEW/
497, 1997-12-29
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                    THE ENDEAVOR PLATINUM VARIABLE ANNUITY
                                        
                                   ISSUED BY

                          PFL LIFE INSURANCE COMPANY
                                        

                      Supplement Dated December 23, 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 Select 50 Portfolio.  The amendment
is not effective and is not expected to become effective until on or about
February 2, 1998.  Shares of the new portfolio cannot be offered or sold 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 Platinum Variable Annuity, but premium payments
cannot be accepted for the Select 50 Portfolio and transfers cannot be made into
the 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 Select 50 Portfolio has been
filed with the Securities and Exchange Commission.  Interests in the Select 50
Portfolio, or in the corresponding sub-account of the PFL Endeavor Platinum
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 constitute 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 PLATINUM VARIABLE ANNUITY DATED MAY 1, 1997
                                  AND BY THE
  PRELIMINARY PROSPECTUS FOR THE SELECT 50 PORTFOLIO DATED DECEMBER 19, 1997


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