SUPPLEMENT
TO THE
PROSPECTUS
DATED MAY 1, 2000
FOR
PERSPECTIVE FIXED AND VARIABLE ANNUITY
JACKSON NATIONAL SEPARATE ACCOUNT I
At a shareholder meeting of the Trust held on October 26, 2000, all series
except the PPM America/JNL Money Market Series and each of the JNL/S&P Series
adopted, in accordance with the provisions of Rule 12b-1 under the Investment
Company Act, as amended (the "1940 Act"), a Brokerage Enhancement Plan (the
"Plan"). The Plan uses available brokerage commissions to promote the sale and
distribution of Trust shares (through the sale of variable insurance products
funded by the Trust).
The Plan permits the Brokerage Payments and Credits generated by securities
transactions from one series of the Trust to inure to the benefit of other
Series as well. The Plan is not expected to increase the brokerage costs of the
Trust. However, the staff of the Securities and Exchange Commission has taken
the position that amounts received by the Distributor or an affiliate as an
introducing broker-dealer under the Plan should be reflected in the expenses of
the Series of the Trust. Therefore, the table below estimates what each Series'
distribution fee and its resulting total and net expenses, will be deemed to be
as a result of the implementation of the Plan. This table should replace the
table located on page 3 of the Separate Account prospectus.
<TABLE>
<CAPTION>
Management Total
and Estimated Series
Administrative Distribution Other Annual
Fee (12b-1) Fees Expenses Expenses
------------------------------------------------------------------ ------------------ ------------- ------------- -------------
<S> <C> <C> <C> <C>
JNL/Alger Growth Series 1.07% .02% 0% 1.09%
------------------------------------------------------------------
JNL/Alliance Growth Series .88% .02% 0% .90%
------------------------------------------------------------------
JNL/Eagle Core Equity Series .99% .04% 0% 1.03%
------------------------------------------------------------------
JNL/Eagle SmallCap Equity Series 1.05% .02% 0% 1.07%
------------------------------------------------------------------
JNL/Janus Aggressive Growth Series 1.01% .01% 0% 1.02%
------------------------------------------------------------------
JNL/Janus Balanced Series 1.05% .03% 0% 1.08%
------------------------------------------------------------------
JNL/Janus Capital Growth Series 1.03% .01% 0% 1.04%
------------------------------------------------------------------
JNL/Janus Global Equities Series* 1.06% .02% 0% 1.08%
------------------------------------------------------------------
JNL/Putnam Growth Series .97% .01% 0% .98%
------------------------------------------------------------------
JNL/Putnam International Equity Series 1.18% .05% 0% 1.23%
------------------------------------------------------------------
JNL/Putnam Midcap Growth Series 1.05% .08% 0% 1.13%
------------------------------------------------------------------
JNL/Putnam Value Equity Series .98% .02% 0% 1.00%
------------------------------------------------------------------
JNL/S&P Conservative Growth Series I** .20% 0% 0% .20%
------------------------------------------------------------------
JNL/S&P Moderate Growth Series I** .20% 0% 0% .20%
------------------------------------------------------------------
JNL/S&P Aggressive Growth Series I** .20% 0% 0% .20%
------------------------------------------------------------------
JNL/S&P Very Aggressive Growth Series I** .20% 0% 0% .20%
------------------------------------------------------------------
JNL/S&P Equity Growth Series I** .20% 0% 0% .20%
------------------------------------------------------------------
JNL/S&P Equity Aggressive Growth Series I** .20% 0% 0% .20%
------------------------------------------------------------------
PPM America/JNL Balanced Series .82% .01% 0% .83%
------------------------------------------------------------------
PPM America/JNL High Yield Bond Series .82% .01%+ 0% .83%
------------------------------------------------------------------
PPM America/JNL Money Market Series .70% 0% 0% .70%
------------------------------------------------------------------
Salomon Brothers/JNL Global Bond Series .95% .01%+ 0% .96%
------------------------------------------------------------------
Salomon Brothers/JNL U.S. Government & Quality Bond Series .80% .01%+ 0% .81%
------------------------------------------------------------------
T. Rowe Price/JNL Established Growth Series .93% .02% 0% .95%
------------------------------------------------------------------
T. Rowe Price/JNL Mid-Cap Growth Series 1.03% .01%+ 0% 1.04%
------------------------------------------------------------------
T. Rowe Price/JNL Value Series 1.00% .12% 0% 1.12%
------------------------------------------------------------------
</TABLE>
On page 4 under the section labeled "Examples" should be replaced in its
entirety with the following:
Examples. You would pay the following expenses on a $1,000 investment, assuming
a 5% annual return on assets:
(a) if you do not surrender your contract or if you begin receiving income
payments from your contract after the first year;
(b) if you surrender your contract at the end of each time period.
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------- ------- --------- -------- ---------
1 3 5 10
year years years years
-------------------------------------------------------------------------------- ------- --------- -------- ---------
-------------------------------------------------------------------------------- ------- --------- -------- ---------
<S> <C> <C> <C> <C>
JNL/Alger Growth Division (a) $ 25 $ 78 $134 $285
(b) 95 128 164 285
JNL/Alliance Growth Division (a) 24 72 124 266
(b) 94 122 154 266
JNL/Eagle Core Equity Division (a) 25 76 131 279
(b) 95 126 161 279
JNL/Eagle SmallCap Equity Division (a) 25 78 133 283
(b) 95 128 163 283
JNL/Janus Aggressive Growth Division (a) 25 76 130 278
(b) 95 126 160 278
JNL/Janus Balanced Division (a) 25 78 133 284
(b) 95 128 163 284
JNL/Janus Capital Growth Division (a) 25 77 131 280
(b) 95 127 161 280
JNL/Janus Global Equities Division* (a) 25 78 133 284
(b) 95 128 163 284
JNL/Putnam Growth Division (a) 24 75 128 274
(b) 94 125 158 274
JNL/Putnam International Equity Division (a) 27 82 141 298
(b) 97 132 171 298
JNL/Putnam Midcap Growth Division (a) 26 79 136 289
(b) 96 129 166 289
JNL/Putnam Value Equity Division (a) 25 75 129 276
(b) 95 125 159 276
JNL/S&P Conservative Growth Division I (a) 16 51 88 192
(b) 86 101 118 192
JNL/S&P Moderate Growth Division I (a) 16 51 88 192
(b) 86 101 118 192
JNL/S&P Aggressive Growth Division I (a) 16 51 88 192
(b) 86 101 118 192
JNL/S&P Very Aggressive Growth Division I (a) 16 51 88 192
(b) 86 101 118 192
JNL/S&P Equity Growth Division I (a) 16 51 88 192
(b) 86 101 118 192
JNL/S&P Equity Aggressive Growth Division I (a) 16 51 88 192
(b) 86 101 118 192
PPM America/JNL Balanced Division (a) 23 70 120 258
(b) 93 120 150 258
PPM America/JNL High Yield Bond Division (a) 23 70 120 258
(b) 93 120 150 258
PPM America/JNL Money Market Division (a) 22 66 114 245
(b) 92 116 144 245
Salomon Brothers/JNL Global Bond Division (a) 24 74 127 272
(b) 94 124 157 272
Salomon Brothers/JNL U.S. Government & Quality Bond Division (a) $23 $70 $119 $256
(b) 93 120 149 256
T. Rowe Price/JNL Established Growth Division (a) 24 74 127 271
(b) 94 124 157 271
T. Rowe Price/JNL Mid-Cap Growth Division (a) 25 77 131 280
(b) 95 127 161 280
T. Rowe Price/JNL Value Division (a) 26 79 135 288
(b) 96 129 165 288
</TABLE>
-----------
* The JNL/Janus Global Equities Series (the "Series") is closed to new contract
holders after September 1, 2000. The Series will still be available to existing
contract holders, even if the contract holder does not have a current allocation
in the Series. The Series will also be available to both new and existing
contract holders as an underlying series of the JNL/S&P Conservative Growth
Series I, the JNL/S&P Moderate Growth Series I, the JNL/S&P Aggressive Growth
Series I, the JNL/S&P Very Aggressive Growth Series I, the JNL/S&P Equity Growth
Series I and the JNL/S&P Equity Aggressive Growth Series I.
** Underlying Series Expenses. The expenses shown above are the annual operating
expenses for the JNL/S&P Series. Because the JNL/S&P Series invest in other
Series of the JNL Series Trust, the JNL/S&P Series will indirectly bear their
pro rata share of fees and expenses of the underlying Series in addition to the
expenses shown.
+ The Adviser anticipates that the 12b-1 fee will be less than .01%.
This Supplement is dated December 18, 2000.
(To be used with VC3656 Rev. 09/00)
--------
