PANORAMA PLUS SEPARATE ACCOUNT
SUPPLEMENT DATED SEPTEMBER 13, 1995
TO PROSPECTUS DATED MAY 1, 1995
This supplement should be read in conjunction with the Panorama Plus Separate
Account prospectus, a copy of which can be obtained by writing to or calling
the Annuity Service Center, 140 Garden Street, Hartford, CT 06154 (1-800-234-
5606)
C. M. Life Insurance Company ("C.M. Life") is a wholly-owned subsidiary of
Connecticut Mutual Life Insurance Company ("CML"). The Boards of Directors of
CML and Massachusetts Mutual Life Insurance Company ("MassMutual") have
approved a plan of merger pursuant to which CML would merge with and into
MassMutual. The merger agreement was signed on September 13, 1995. The
merger, if consummated, will result in C.M. Life becoming a wholly-owned
subsidiary of MassMutual. The merger is expected to be consummated on or
about December 31, 1995, subject to the approval of certain policy holders and
insureds of CML and MassMutual and applicable regulatory authorities. As a
result of the merger, MassMutual, would become the nation's fifth largest
mutual life insurance company with a strong capital position, a diverse
product portfolio and a competitive cost structure.
The merger is not expected to have any material effect on the assets or
operations of C.M. Life, and all Panorama Plus contracts will remain in force
in accordance with their terms.
Page 8, Paragraph 6
The sentence that reads "The minimum transfer amount is $15,000." is replaced
with the following sentence: "The minimum transfer amount is $100.
Page 20, Paragraph 4
The sentence that reads "Total transfers from the General Account are limited,
in the Contract Year of the initial Purchase Payment, to 30% of the initial
Purchase Payment, and, in subsequent Contract Years to 30% of the General
Account Balance as of the end of the immediately preceding Contract Year." is
replaced with the following two sentences "Total transfers from the General
Account are limited in the Contract Year of the initial Purchase Payment to
the greater of: (i) 30% of the initial Purchase Payment; or (ii) $25,000.
In subsequent Contract Years total transfers from the General Account are
limited to the greater of: (i) 30% of the General Account Balance as of the
end of the immediately preceding Contract Year; or (ii) $25,000."
CONNECTICUT MUTUAL FINANCIAL SERVICES SERIES FUND I, INC.
SUPPLEMENT DATED SEPTEMBER 13, 1995
TO PROSPECTUS DATED MAY 1, 1995
This supplement should be read in conjunction with the prospectus for
Connecticut Mutual Financial Services Series Fund I, Inc. (the "Fund"), a copy
of which can be obtained by contacting the above-referenced service center.
G. R. Phelps & Co., Inc. (the "Adviser"), which is a wholly-owned subsidiary
of Connecticut Mutual Life Insurance Company ("CML"), serves as investment
adviser to the Fund. The Boards of Directors of CML and Massachusetts Mutual
Life Insurance Company ("MassMutual") have approved a plan of merger pursuant
to which CML would merge with and into MassMutual. The merger agreement was
signed on September 13, 1995. If the merger is consummated, the Adviser will
become a wholly-owned subsidiary of MassMutual. The merger is expected to be
consummated on or about December 31, 1995, subject to the approval of certain
policy holders and insureds of CML and MassMutual and applicable regulatory
authorities. As a result of the merger, MassMutual, would become the nation's
fifth largest mutual life insurance company with a strong capital position, a
diverse product portfolio and a competitive cost structure.
Consummation of the merger may result in an assignment, and consequently a
termination, of the existing investment management agreement between the
Adviser and the Fund. Accordingly, Fund shareholders will be asked to vote on
a new investment management agreement with the Adviser to become effective at
or about the time the transaction is completed.
Further details will be included in proxy materials to be furnished to Fund
shareholders in connection with a meeting of shareholders expected to be held
later this year.
