WNL SERIES TRUST
VAN KAMPEN AMERICAN CAPITAL EMERGING GROWTH PORTFOLIO
Supplement dated April 3, 1997, to the Prospectus dated May 1, 1996
Van Kampen American Capital Asset Management, Inc., the sub-adviser for the Van
Kampen American Capital Emerging Growth Portfolio, became an indirect subsidiary
of Morgan Stanley Group Inc. on October 31, 1996.
On February 5, 1997, Morgan Stanley Group Inc. and Dean Witter, Discover & Co.
announced that they had entered into an Agreement and Plan of Merger to form
Morgan Stanley, Dean Witter, Discover & Co. subject to certain conditions being
met. It is currently anticipated that the transaction will close in mid- 1997.
Thereafter, Van Kampen American Capital Asset Management, Inc. will be an
indirect subsidiary of Morgan Stanley, Dean Witter, Discover & Co.
Dean Witter, Discover & Co. is a financial services company with three major
businesses: full service brokerage, credit services and asset management.
For further information or if you have any questions concerning this Supplement,
please contact Western National Life Insurance Company at (800) 910-4455.
