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SUPPLEMENT TO PROSPECTUS DATED MAY 1, 1996
FOR THE PERSPECTIVE FIXED AND VARIABLE ANNUITY
The paragraph under the heading "JNL CAPITAL GROWTH SERIES" on page B-1 of
the Prospectus has been replaced with the following paragraph:
JNL CAPITAL GROWTH SERIES is a non-diversified Series that seeks as its
investment objective long-term growth of capital by emphasizing
investments in common stocks of medium-sized companies. Although the
Series expects to emphasize such securities, it may also invest in
smaller or larger companies.
This Supplement is dated June 28, 1996.
