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PROVIDIAN LIFE AND HEALTH INSURANCE COMPANY
SEPARATE ACCOUNT V
SUPPLEMENT DATED FEBRUARY 16, 1996
to
SUPPLEMENT DATED JULY 1, 1995
to
PROSPECTUS DATED MAY 1, 1995
for
THE PRISM VARIABLE ANNUITY
Offered by
PROVIDIAN LIFE AND HEALTH INSURANCE COMPANY
(A Missouri Stock Company)
Effective February 26, 1996, Contract Owners will no longer be permitted to
allocate Purchase Payments to, or effect transfers into, the Calvert Responsibly
Invested Equity Portfolio or the Calvert Responsibly Invested Bond Portfolio of
Acacia Capital Corporation. Contract Owners may continue, subject to the
limitations set forth in the Prospectus, to allocate Purchase Payments among,
and make transfers into, the remaining six Portfolios available under The Prism
Variable Annuity.
