<PAGE>
As of the date of this Prospectus Supplement, the Company has determined to pay
interest for each of the three Certificate years prior to the initial maturity
date at the following rates, instead of the lesser rate provided in the
Certificate:
<TABLE>
<CAPTION>
If Interest is
If Interest is If Interest is Compounded
Paid Quarterly Paid Annually Annually
-------------- -------------- --------------
<S> <C> <C> <C>
Year 1 5.20% 5.25% 5.35%
Year 2 5.45 5.50 5.60
Year 3 5.70 5.75 5.85
</TABLE>
However, if the holder surrenders the Certificate during the three-year maturity
period, the rate of interest earned for the period prior to surrender will be
3.50% per annum rather than the rate indicated above. For holders who have
elected to have interest paid quarterly or annually, and who surrender their
Certificate during the three-year maturity period, the amount paid upon
surrender may be less than the amount invested (the face amount of the
Certificate) if and to the extent the amount of interest payable at 3.5% per
annum since the last interest payment date is less than the difference between
(1) the amount previously paid out at the rates set forth in the above table and
(2) the amount that would have been paid at the rate of 3.5% per annum.
Prospectus Supplement Dated December 29, 1995
