<PAGE>
SUPPLEMENT DATED OCTOBER 1, 1997
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1997
FOR
PINNACLE(VERSION III)
FLEXIBLE PREMIUM VARIABLE ANNUITY
ISSUED BY INTEGRITY LIFE INSURANCE COMPANY
AND
FUNDED THROUGH ITS SEPARATE ACCOUNT II
THIS SUPPLEMENT MODIFIES THE
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
AND SHOULD BE READ AND RETAINED
- --------------------------------------------------------------------------------
THE EXAMPLES FOLLOWING THE TABLE OF ANNUAL FEES AND EXPENSES IN PART 1 ARE
REPLACED BY THE FOLLOWING:
EXAMPLES
The examples below show the expenses that would be borne by the Annuitant per
$1,000 investment, assuming a $60,000 average contract value and a 5% annual
rate of return on assets.
EXPENSES PER $1,000 INVESTMENT IF YOU SURRENDER YOUR CONTRACT AT THE END OF THE
APPLICABLE PERIOD:
<TABLE>
<CAPTION>
Portfolio 1 year 3 years 5 years 10 years
- --------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
EAFE-Registered Trademark- Index . . . . . . $100.99 $124.75 $150.98 $238.35
Equity 500 Index . . . . . . . . . . . . . . $ 97.41 $113.87 $132.66 $200.80
Small Cap Index. . . . . . . . . . . . . . . $ 98.94 $118.54 $140.54 $217.06
VIP Equity-Income. . . . . . . . . . . . . . $100.28 $122.58 $147.34 $230.95
VIP II Contrafund. . . . . . . . . . . . . . $101.92 $127.53 $155.65 $247.79
VIP III Growth & Income. . . . . . . . . . . $101.51 $126.30 $153.57 $243.61
VIP III Growth Opportunities . . . . . . . . $102.22 $128.46 $157.20 $250.92
Janus Capital Appreciation . . . . . . . . . $105.09 $137.08 $171.59 $279.66
Janus Balanced . . . . . . . . . . . . . . . $103.97 $133.70 $165.95 $268.47
Janus Worldwide Growth . . . . . . . . . . . $102.53 $129.39 $158.75 $254.04
Janus Money Market . . . . . . . . . . . . . $ 99.46 $120.10 $143.16 $222.42
JPM International Equity . . . . . . . . . . $106.63 $141.68 $179.22 $294.73
JPM Bond . . . . . . . . . . . . . . . . . . $102.02 $127.84 $156.16 $248.84
Morgan Stanley Asian Equity. . . . . . . . . $106.63 $141.68 $179.22 $294.73
Morgan Stanley Emerging Markets Debt . . . . $107.65 $144.74 $184.29 $304.64
Morgan Stanley High Yield . . . . . . . . . $102.53 $129.39 $158.75 $254.04
Morgan Stanley U.S. Real Estate. . . . . . . $105.61 $138.62 $174.14 $284.71
</TABLE>
<PAGE>
EXPENSES PER $1,000 INVESTMENT IF YOU ELECT THE NORMAL FORM OF ANNUITY OR DO NOT
SURRENDER YOUR CONTRACT AT THE END OF THE APPLICABLE PERIOD:
<TABLE>
<CAPTION>
Portfolio 1 year 3 years 5 years 10 years
- --------- ------ ------- ------- --------
<S> <C> <C> <C> <C>
EAFE-Registered Trademark- Index . . . . . . $20.99 $64.75 $110.98 $238.35
Equity 500 Index . . . . . . . . . . . . . . $17.41 $53.87 $ 92.66 $200.80
Small Cap Index. . . . . . . . . . . . . . . $18.94 $58.54 $100.54 $217.06
VIP Equity-Income. . . . . . . . . . . . . . $20.28 $62.58 $107.34 $230.95
VIP II Contrafund. . . . . . . . . . . . . . $21.92 $67.53 $115.65 $247.79
VIP III Growth & Income. . . . . . . . . . . $21.51 $66.30 $113.57 $243.61
VIP III Growth Opportunities . . . . . . . . $22.22 $68.46 $117.20 $250.92
Janus Capital Appreciation . . . . . . . . . $25.09 $77.08 $131.59 $279.66
Janus Balanced . . . . . . . . . . . . . . . $23.97 $73.70 $125.95 $268.47
Janus Worldwide Growth . . . . . . . . . . . $22.53 $69.39 $118.75 $254.04
Janus Money Market . . . . . . . . . . . . . $19.46 $60.10 $103.16 $222.42
JPM International Equity . . . . . . . . . . $26.63 $81.68 $139.22 $294.73
JPM Bond . . . . . . . . . . . . . . . . . . $22.02 $67.84 $116.16 $248.84
Morgan Stanley Asian Equity. . . . . . . . . $26.63 $81.68 $139.22 $294.73
Morgan Stanley Emerging Markets Debt . . . . $27.65 $84.74 $144.29 $304.64
Morgan Stanley High Yield. . . . . . . . . . $22.53 $69.39 $118.75 $254.04
Morgan Stanley U.S. Real Estate. . . . . . . $25.61 $78.62 $134.14 $284.71
</TABLE>
