Pursuant to Rule 424(c), Registration Statement No. 33-89676
Supplement to Prospectus Dated May 1, 1996
Supplement Dated May 1, 1996
The Guaranteed Maturity Annuity being offered to you pursuant to this
prospectus imposes no sales charges upon receipt by us of premiums. However, a
surrender charge will be imposed upon a full or partial surrender, calculated at
6% of the Gross Surrender Value deemed to be a liquidation of premiums, if the
surrender or partial surrender is effected within six years of the premium
payment. Amounts taken under the free withdrawal privilege are not considered a
liquidation of premium. See "Surrender Charge" in the accompanying prospectus
for further details.
GMA-SUPP (5/96)
