FIRST COVA VARIABLE ANNUITY ACCOUNT ONE, 497, 1999-09-07

FIRST COVA VARIABLE ANNUITY ACCOUNT ONE
497, 1999-09-07

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                        FIRST COVA LIFE INSURANCE COMPANY
                              PROSPECTUS SUPPLEMENT
                             Dated September 7, 1999

This page  supplements  First Cova Life  Insurance  Company's  variable  product
prospectuses  as  set  forth  below.  Please  keep  this  supplement  with  your
prospectus for future reference.

On August 26,  1999,  it was  announced  that The  Metropolitan  Life  Insurance
Company would  purchase  General  American Life  Insurance  Company,  the parent
company of First Cova Life Insurance Company ("Cova").  Metropolitan Life is one
of the country's oldest and most financially sound life insurance organizations.
It is  anticipated  that at the  closing  of the  purchase,  General  American's
ratings,  and those of Cova,  which were lowered  during July and August,  1999,
will be restored to their previous levels.