NORTHSTAR VARIABLE ANNUITY
Prospectus Supplement dated October 21, 1997
to Prospectus dated August 8, 1997
The Prospectus at pages 6 and 7 contains several errors regarding expenses. The
corrected information is as follows:
If you surrender your Contract at the end of the applicable time
period, you would pay the following expenses on a $1,000 investment, assuming a
5% annual return on assets:
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- ------- --------
<S> <C> <C> <C> <C>
Fidelity Overseas Portfolio.............. 87 119 154 272
</TABLE>
If you annuitize your contract at the end of the applicable time
period, you would pay the following expenses on a $1,000 investment assuming a
5% annual return on assets:
1 YEAR
Fidelity Asset Manager Portfolio......... $85
Fidelity Index 500 Portfolio............. 81
Fidelity Money Market Portfolio.......... 81
Fidelity Overseas Portfolio.............. 87
Northstar Growth Fund.................... $86
Northstar High Yield Bond Fund........... 86
Northstar Income and Growth Fund......... 86
Northstar International Value Fund....... 86
Northstar Multi-Sector Bond Fund......... 86
