Supplement to Prospectus Dated May 1, 1998
Supplement Dated May 1, 1998
The Guaranteed Maturity Annuity being offered pursuant to this prospectus does
not impose a sales charge upon receipt of premiums. However, a surrender charge
will be imposed upon a full or partial surrender if the surrender or partial
surrender is effected within six years of the premium payment. The surrender
change is calculated at 6.0% of the Gross Surrender Value deemed to be a
liquidation of premiums. Amounts withdrawn under the free withdrawal privilege
are not considered a liquidation of premium. See "Surrender Charge" in the
accompanying prospectus for further details.
GMA-SUPP (5/98)
