<PAGE> 1
A registration statement relating to the Pilgrim VP Trust Growth
Opportunities Portfolio, MagnaCap Portfolio, and MidCap Portfolio ("the
Portfolios") has been filed with the Securities and Exchange Commission
but has not yet become effective as of the date of this Prospectus
Supplement. Shares of these Portfolios may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes
effective. This Prospectus and Prospectus Supplement shall not
constitute an offer to sell or the solicitation of an offer to buy any
securities issued by the Portfolios nor shall there be any sale of the
Portfolios' securities in any State in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such State.
NORTHERN LIFE INSURANCE COMPANY
SEPARATE ACCOUNT ONE
ADVANTAGE RIA(SM) ANNUITY
PROSPECTUS SUPPLEMENT DATED APRIL 4, 2000 TO THE
PROSPECTUS DATED APRIL 4, 2000
RESTRUCTURING OF NORTHSTAR INVESTMENT FUNDS
The Northstar group of investment funds is being restructured effective April
30, 2000.
Initially, the name of the Northstar group is being changed from the Northstar
Galaxy Trust to the Pilgrim Variable Products Trust.
In addition, the names of the individual Northstar investment portfolios are
being changed as follows:
<TABLE>
<CAPTION>
CURRENT NAME NEW NAME
------------ --------
<S> <C>
Northstar Emerging Growth Portfolio Pilgrim VP SmallCap Opportunities Portfolio
Northstar Growth + Value Portfolio Pilgrim VP Growth + Value Portfolio
Northstar High Yield Bond Portfolio Pilgrim VP High Yield Bond Portfolio
Northstar International Value Portfolio Pilgrim VP International Value Portfolio
Northstar Research Enhanced Index Portfolio Pilgrim VP Research Enhanced Index Portfolio
</TABLE>
The Prospectus to which this Supplement is attached uses the new names, and
refers to the investment funds as the Pilgrim funds.
Further, the investment manager to the Northstar investment funds, Pilgrim
Advisors, Inc. ("Pilgrim Advisors"), is being merged with and into Pilgrim
Investments, Inc. ("Pilgrim Investments"). Pilgrim Advisors and Pilgrim
Investments are under common ownership and control. The merger of Pilgrim
Advisors and Pilgrim Investments will not result in a change of principal
portfolio manager for any Northstar portfolio, and it is not anticipated to
affect the management of the Northstar investment funds in any significant
respect.
AVAILABILITY OF NEW INVESTMENT FUNDS
The following new investment funds, listed in the Prospectus, are not available
as sub-account investments until May 1, 2000:
AIM V.I. Dent Demographic Trends Fund
Pilgrim VP Growth Opportunities Portfolio
Pilgrim VP MagnaCap Portfolio
Pilgrim VP MidCap Opportunities Portfolio
For more complete information about any of the new investment funds, including
charges and expenses, you can obtain a prospectus by calling 1-877-884-5050. You
should read it carefully before you allocate monies to any of these funds.
