LINCOLN BENEFIT LIFE VARIABLE ANNUITY ACCOUNT
497, 1999-11-24
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                              PROSPECTUS SUPPLEMENT
                         To prospectus date May 1, 1999

             Lincoln Benefit Life Investor's Select Variable Annuity


The  language on page 23 under the final  bullet  point in the  paragraph  under
"Withdrawal  Charge"  that  states  "No  Withdrawal  Charge  is  applied  in the
following situations ", is deleted and the following language is substituted:

         withdrawals  under Contract issued to employees of Lincoln Benefit Life
         Company  or its  affiliates  Surely  Life  Insurance  Company  and  LSA
         Securities,  Inc.  or to  their  spouses  or  minor  children  if these
         individuals reside in the state of Nebraska.

Supplement dated November 15, 1999



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