SEPARATE ACCOUNT OF USAA LIFE INSURANCE CO
497, 1996-03-14
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                 USAA LIFE INSURANCE COMPANY VARIABLE ANNUITY
                       SUPPLEMENT DATED MARCH 14, 1996,
                     TO SEPARATE ACCOUNT PROSPECTUS DATED
                MAY 1, 1995, AS SUPPLEMENTED DECEMBER 15, 1995.

The disclosure concerning minimum premium payments on Page 13A of the 
prospectus is amended to read as follows:

MINIMUM PREMIUM PAYMENTS

The current minimum initial and subsequent premium payments under the Contracts 
are set out below.

<TABLE> 
<CAPTION> 
                                  MINIMUM               MINIMUM
TYPE OF PLAN                  INITIAL PREMIUM     SUBSEQUENT PREMIUM
- ------------                  ---------------     ------------------
<S>                           <C>                 <C> 
Nonqualified Annuity              $1,000*                $100*
IRA and SEP-IRA                   $  100                 $ 50*
SAR-SEP IRA                       $   25                 $ 25
TSA or ORP                        $   50                 $ 50
</TABLE> 

* Employees of any of the USAA Group of Companies who purchase the Contract may 
  make a minimum initial premium payment of $500 for Nonqualified Annuities, and
  minimum subsequent premium payments by payroll deduction in an amount not less
  than $25 for Nonqualified Annuities, IRAs and SEP-IRAs.


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