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Previous: CSI COMPUTER SPECIALISTS INC, 10QSB/A, 1997-08-15 |
Next: SEARS CREDIT ACCOUNT MASTER TRUST II, 8-K, 1997-08-15 |
Supplement
dated August 15, 1997
to the Prospectus dated May 1, 1997
for the TIAA Separate Account VA-1
As a result of recent legislation, TIAA will no longer be exempt from federal
income tax under Section 501(a) of the Internal Revenue Code, beginning January
1, 1998. We believe that the investments in the Separate Account VA-1 should
generate no federal income tax liability as a result of this change.
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