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                FIRST PROVIDIAN LIFE & HEALTH INSURANCE COMPANY
                               SEPARATE ACCOUNT B
                             Prospectus Supplement
                               dated May 8, 1996
                              to Prospectus dated
                                 April 30, 1996
                                    for the
                    VANGUARD VARIABLE ANNUITY PLAN CONTRACT
                                   offered by
                FIRST PROVIDIAN LIFE & HEALTH INSURANCE COMPANY
                          ( A New York Stock Company)

The High Yield Bond Subaccount and the Small Company Growth Subaccount of the
Vanguard Variable Insurance Fund, Inc. are currently not available for purchase
pending receipt of New York regulatory approval.

                                                                          VVNP



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