SEP ACCT VA K EXECANNUITY OF ALLMERICA FIN LFE INS & ANN CO
497, 1997-08-20
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                                PROSPECTUS SUPPLEMENT
               ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY

                      SEPARATE ACCOUNT VA-K (EXECANNUITY PLUS)
                    SUPPLEMENT TO PROSPECTUSES DATED MAY 1, 1997

                                         ***

The first two sentences of the third paragraph under "A. PURCHASE PAYMENTS" on
page 29 of the Prospectus are deleted and replaced by the following:

    Generally, unless otherwise requested, all payments will be allocated among
    the accounts  in the same proportion that the  initial net payment is
    allocated or, if subsequently changed, according to  the most recent
    allocation  instructions.  To the extent permitted by state law, however,
    if the Policy is issued as an IRA or is issued in Georgia,  Indiana,
    Michigan, Missouri, North Carolina, Oklahoma, South Carolina, Texas, Utah,
    Washington or West Virginia, any portion of the  initial net  payment and
    additional net  payments received  during the Contract's first 15 days
    measured from the issue date, allocated to any Sub-Account will be held in
    the Money Market Fund of the Trust until the end of the 15-day period.
    Thereafter, these amounts will be allocated as requested.

                                         ***

Supplement Dated August 21, 1997


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