SUPPLEMENT DATED MARCH 1, 1996
TO
PROSPECTUS DATED APRIL 28, 1995
THE PANORAMA PLUS ANNUITY
ISSUED BY
C.M. LIFE INSURANCE COMPANY
As a result of the March 1, 1996 merger of Connecticut Mutual Life
Insurance Company with Massachusetts Mutual Life Insurance Company
("MassMutual"), C.M. Life Insurance Company ("C.M. Life") has become a
wholly-owned subsidiary of Massachusetts Mutual Life Insurance Company
("MassMutual"). The Panorama Plus Separate Account (the "Account") remains
unchanged by the merger; C.M. Life continues as the depositor for the Account.
Coincident with the merger, the adviser of the Connecticut Mutual
Financial Services Series Fund I, Inc. ("CMFS Series Fund I"), the underlying
investment fund of the Account, has changed from G.R. Phelps & Company, Inc.
to OppenheimerFunds, Inc. ("Oppenheimer"), an indirect subsidiary of
MassMutual. Babson-Stewart Ivory International, an affiliate of Oppenheimer
and MassMutual, has replaced Scudder, Stevens & Clark, Inc. as subadvisor to
the International Equity Portfolio of CMFS Series Fund I.
Beginning March 1, 1996, MML Investors Services, Inc. ("MMLISI"), 1414
Main Street, Springfield MA 01144-1013, a wholly-owned subsidiary of
MassMutual, is acting as co-underwriter and distributor of the Policies.
MMLISI is registered with the Securities and Exchange Commission (the
"Commission") as a broker-dealer and is a member of the National Association
of Securities Dealers, Inc.
Until April 30, 1997, no sales charges will be imposed upon redemption of
a Contract where the proceeds of such redemption are applied to the purchase
of a new MassMutual group annuity contract. This waives does not eliminate
applicable charges under the particular group contract, and upon surrender of
the group contract, charges may apply.
