LPLA SEPARATE ACCOUNT ONE
497, 1996-06-17
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                      LONDON PACIFIC LIFE & ANNUITY COMPANY

                            LPLA SEPARATE ACCOUNT ONE

                         Supplement dated June 14, 1996

                        to Prospectus dated June 5, 1996



         The Company is not currently offering the Exchange Program described in
the Prospectus.























                                                            Form No.  001 (6/96)


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