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SUPPLEMENT DATED FEBRUARY 6, 1996
TO PROSPECTUS DATED MAY 1, 1995
FOR PINNACLE(TM) FLEXIBLE PAYMENT VARIABLE ANNUITY
ISSUED BY NATIONAL INTEGRITY LIFE INSURANCE COMPANY
This Supplement modifies the Prospectus and should be
read and retained with the Prospectus.
The first two paragraphs under The Fund's Investment Manager and Sub-Advisers on
pages 9 and 10 are deleted and replaced with the following.
ARM Capital Advisors, Inc. ("ARM Capital"), a wholly-owned subsidiary of
ARM Financial Group, Inc., became the investment adviser to the Legends
Fund, Inc. on February 1, 1996. ARM Capital is a registered investment
adviser under the Investment Advisers Act of 1940. Its offices are located
at 200 Park Avenue, 20th Floor, New York, New York 10166.
ARM Capital serves as investment manager to the Fund and has entered into a
sub-advisory agreement with a professional manager for investment of the
assets of each of the Portfolios. The sub-adviser for each Portfolio is
listed under "Investment Objectives of the Portfolios" below. The
Portfolios pay monthly investment management fees to ARM Capital, and ARM
Capital pays the sub-advisers for their services to the Portfolios. ARM
Capital retains a management fee at an annual rate of .15% of Portfolio net
assets as compensation for providing certain services to the Portfolios.
The management fees paid by each Portfolio to ARM Capital as a percentage
of net assets are set forth below:
Table at page 10 unchanged.
