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THE ENDEAVOR VARIABLE ANNUITY
issued through
AUSA ENDEAVOR VARIABLE ANNUITY ACCOUNT
by
AUSA LIFE INSURANCE COMPANY, INC.
Supplement dated April 1, 1999 to the Prospectus dated May 1, 1998
This supplement describes a change to the Mutual Fund Account that is available
under your Endeavor Variable Annuity Policy. AUSA Life Insurance Company, Inc.
("AUSA") plans to replace the WRL Growth Portfolio currently available under the
Policies, with a new portfolio, the Endeavor Janus Growth Portfolio. The new
portfolio will have the same investment objectives, the same investment advisor
(Janus Capital Corporation), and the same advisory fees as the WRL Growth
Portfolio. The WRL Growth Portfolio is a series of the WRL Series Fund; the
Endeavor Janus Growth Portfolio is a series of the Endeavor Series Trust.
AUSA has filed an application with the Securities and Exchange Commission
seeking an order approving the substitution of shares of the Endeavor Janus
Growth Portfolio for shares of the WRL Growth Portfolio. If approved, the
effect of the share substitution will be to replace the WRL Growth Portfolio
with the Endeavor Janus Growth Portfolio, as an investment option under your
Policy. Before the proposed substitution, we will send you a preliminary
prospectus for the Endeavor Janus Growth Portfolio.
AUSA plans to carry out the proposed substitutions on or about April 30, 1999
(after all necessary regulatory approvals have been obtained), by redeeming the
WRL Growth Portfolio shares and purchasing shares of the Endeavor Janus Growth
Portfolio. If carried out, the proposed substitution would result in moving all
the Endeavor Policy Value currently invested in the WRL Growth Portfolio into
the Endeavor Janus Growth Portfolio. Thereafter, the WRL Growth Portfolio will
not be available under the Policy (for purchase payments or transfers).
Additional information about the Endeavor Janus Growth Portfolio, its investment
policies, risks, fees and expenses and all other aspects of this operations, can
be found in the preliminary prospectus for the Endeavor Janus Growth Portfolio
which we will send to you in the near future, before the change takes place.
There is no assurance that the Endeavor Janus Growth Portfolio will achieve its
stated objective.
AUSA will not impose restrictions or fees on transfers out of the WRL Growth
Portfolio until at least 30 days after the substitution.
Please keep this supplement with your Policy prospectus for your reference.
Unless otherwise stated, capitalized terms have the same definitions as in the
prospectus.
If you have any questions about this change, please contact your financial
consultant or call AUSA, 1-800-525-6205.
This Prospectus Supplement must be accompanied
by the
Prospectus for the Endeavor Variable Annuity dated May 1, 1998
