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

         Lincoln Benefit Life Investor's Select Variable Universal Life


The  language  on page 19 in the  final  paragraph  under  "Surrender  Charge on
Increases in Face Amount" is deleted and the following language is substituted:

         We will not assess a  surrender  charge on  surrenders  under  Policies
         issued to employees of Lincoln  Benefit Life Company or its  affiliates
         Surety  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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