Notice to Contract Owners
Important! Please Respond Immediately
May 20, 1999
Dear Dreyfus/Transamerica Triple Advantage(R) Contract Owner:
The Board of Directors of Transamerica Variable Insurance Fund, Inc., has called
a special meeting of shareholders to be held June 16, 1999, for the purposes
explained in the enclosed Notice of a Special Meeting of Shareholders and Proxy
Statement.
The Growth Portfolio of Transamerica Variable Insurance Fund, Inc., is one of
the portfolios available for investment under your Dreyfus/Transamerica Triple
Advantage(R) variable annuity. As a shareholder in the Growth Portfolio,
Transamerica will vote its shares at this meeting. As a Contract Owner, with
amounts allocated the sub-account associated with the Portfolio, you have the
right to instruct Transamerica how to vote its shares. Transamerica will vote
all the shares held in the separate account that is associated with your Triple
Advantage(R) variable annuity in accordance with the instructions it receives
from you and other Contract Owners. This mailing is to solicit instructions from
you.
This special meeting is prompted by the merger agreement between Transamerica
Corporation, the parent company of the Portfolio's investment adviser and
sub-adviser, and AEGON N.V., one of the world's leading international insurance
groups. We expect the transaction to be completed in the next few months.
However, you can rest assured that it will not cause any disruptions in the
services you currently receive from Transamerica.
The enclosed materials provide information about the meeting and seek your
instructions regarding approval of new investment advisory and sub-advisory
agreements for the Growth Portfolio and other proposals. The enclosed materials
explain that these new agreements are identical to the existing agreements in
all material respects. In the course of representing your interests, the Fund's
Board of Directors has evaluated and unanimously approved the proposals and
recommends approval of the new agreements and the other proposals.
Your instructions are important to us. Please mark your instructions on the
enclosed instruction form, sign, date and return it in the enclosed postage paid
envelope as soon as possible. At any time prior to when Transamerica votes its
shares, you may revoke your previously submitted instructions. If you have any
questions, please call our proxy solicitor, Georgeson & Company, at
800-223-2064, 8 a.m. to 8 p.m. Eastern time. If we have not received your
instructions prior to the meeting date, you may be contacted by Georgeson. We
hope this contact will not be an inconvenience to you.
Sincerely,
Sandra Brown, Vice President
Transamerica Occidental Life Insurance Company
Transamerica Life Insurance Company of New York
<PAGE>
<TABLE>
<CAPTION>
------------------------------------------------------------ --------------------------------------- --------- ------- --------
INSTRUCTION FORM TO TRANSAMERICA
IN CONNECTION WITH
THE PROXY SOLICITED BY For
TRANSAMERICA VARIABLE INSURANCE FUND, INC. Against Abstain
------------------------------------------------------------ --------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
<S> <C> <C> <C> <C>
1. To approve the new investment o o o
The undersigned Contract Owner instructs Transamerica advisory agreement between the
Occidental Life Insurance Company or Transamerica Life Portfolio and Transamerica Occidental
Insurance Company of New York, as applicable Life Insurance Company.
("Transamerica"), to vote in the manner indicated on this
form all shares of the Growth Portfolio ("Portfolio") of
Transamerica Variable Insurance Fund, Inc., attributable o o o
as of May 10, 1999, to the Contract Owner's account value
in the corresponding sub-account of Separate Account VA-2L
or VA-2LNY, as applicable, at the Special Meeting of 2. To approve the new investment
Shareholders on June 16, 1999, and all adjournments or sub-advisory agreement, relating to
postponements thereof, and in its sole discretion on such the Portfolio, between Transamerica
other matters as may properly come before the meeting. Occidental Life Insurance Company and
Transamerica Investment Services, Inc.
These instructions are being solicited by Transamerica
as a shareholder in the Portfolio. Receipt of the
Notice to Contract Owners, Notice of a Special Meeting
of Shareholders and Proxy Statement is hereby acknowledged.
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
PLEASE MARK INSTRUCTIONS AS FOLLOWS: x For The
Nominee Abstain
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
3. To elect as directors the nominees o o
listed below:
Gary U. Rolle
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
o o
Peter J. Sodini
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
o o
Jon C. Strauss
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
Dr. James H. Garrity o o
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
For Against Abstain
--------------------------------------- --------- ------- --------
--------------------------------------- --------- ------- --------
o o o
4. To ratify the selection
by the Board of Directors of
Ernst & Young LLP as
independent public accountants
for the fiscal year ending December
31, 1999.
Please be sure to sign and date
this form.
Date
- -------------------------
Please sign exactly as name appears
to the left. When signing as attorney,
executor, administrator, trustee, or
guardian, please give full title as
such. If signing for a corporation,
please sign in full corporate
name by President or other authorized
officer. If a partnership, please sign in
Contract Owner signs here Joint-owner signs here partnership name by authorized person.
- -----------------------------------------------------------
</TABLE>
