<PAGE> 1
SUPPLEMENT TO PROSPECTUS
FOR SEPARATE ACCOUNT TWO OF
THE MANUFACTURERS LIFE INSURANCE COMPANY OF AMERICA
DATED MAY 1, 1999
INFORMATION REGARDING THE ULTIMATE PARENT COMPANY OF THE MANUFACTURERS LIFE
INSURANCE COMPANY OF AMERICA
The third paragraph under "Manufacturers Life of America and Manufacturers
Life" is amended and restated as follows:
"On January 20, 1998, the Board of Directors of The Manufacturers Life Insurance
Company ("Manufacturers Life"), the ultimate parent company of Manufacturers
Life of America, announced that it had asked the management of Manufacturers
Life to prepare a plan for conversion of Manufacturers Life from a mutual life
insurance company to a publicly traded, shareholder-owned company. On May 19,
1999 this plan was approved by the Board of Directors of Manufacturers Life and
on July 29, 1999, Manufacturers Life's eligible policyholders voted in favor of
demutualization. Provided that all necessary regulatory approvals are obtained,
Manufacturers Life expects that demutualization will take place in Autumn,
1999."
SUPPLEMENT DATED JULY 30, 1999
LIFESTYLEANNUITY.SUPP799
