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PIA VARIABLE ANNUITY ACCOUNT I
of
THE PENN INSURANCE AND ANNUITY COMPANY
Independence Square, Philadelphia, Pennsylvania 19172
Telephone 215-956-9177
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Supplement Dated June 13, 1996
To
Prospectus Dated May 1, 1996
Contracts Sold in New Jersey
Purchase payments may be made under the Contract only during the first three
contract years.
In addition to the variable account options offered under the Contract, the
Contract provides one fixed interest option. Under the one year option, interest
rates are declared for twelve month periods. Under no circumstances will a
declared rate be less than 3%. No other fixed interest options are offered under
the Contract.
