<PAGE>
CONNECTICUT GENERAL LIFE INSURANCE COMPANY
CG VARIABLE ANNUITY SEPARATE ACCOUNT II
FLEXIBLE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACTS
October 31, 1997 Supplement
to
May 1, 1997 Prospectus
Amounts deposited in the one-year sub-account of the Fixed Account during the
period November 3, 1997 through December 31, 1997, inclusive, pursuant to a
Dollar Cost Averaging election, will earn interest at an enhanced rate.
Amounts transferred into the one-year sub-account from other sub-accounts
of an existing Contract and/or internal exchanges into the one-year
sub-account will not be eligible for this enhanced rate. Amounts already
in the one-year sub-account of the Fixed Account will not be eligible for
this enhanced rate.
Amounts subject to the enhanced rate must be transferred to the sub-accounts
designated in the Dollar Cost Averaging by the maturity date of the one-year
sub-account. If you cease Dollar Cost Averaging during the one-year period,
the enhanced rate will no longer be available.
