<PAGE>
Filed Pursuant to Rule 497(e)
Registration File No.: 33-83750
The table below replaces the table shown in the prospectus in "Appendix IV:
Example of Payments Under the IRA Assured Payment Option and IRA APO Plus" on
page 56.
ANNUAL PAYMENTS
<TABLE>
<CAPTION>
GUARANTEED INCREASING PAYMENTS ILLUSTRATIVE
UNDER THE IRA ASSURED PAYMENT PAYMENTS UNDER IRA ILLUSTRATIVE PAYMENTS
YEARS OPTION APO PLUS AT 0% UNDER IRA APO PLUS AT 8%
- --------- ------------------------------ ------------------ ------------------------
<S> <C> <C> <C>
1 - 3 $ 7,048.32 $7,048.32 $ 7,048.32
4 - 6 7,753.15 7,336.45 7,651.36
7 - 9 8,528.47 7,697.60 8,445.37
10 - 12 9,381.31 8,064.34 9,261.17
13 - 15 10,319.45 8,393.22 10,046.61
16 11,351.39 8,628.84 10,733.48
</TABLE>
