UNITED COMPANIES SEPARATE ACCOUNT ONE
497, 1998-06-26
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                     UNITED LIFE & ANNUITY INSURANCE COMPANY
                   UNITED LIFE & ANNUITY SEPARATE ACCOUNT ONE

         Supplement dated June 24, 1998 to Prospectus dated May 1, 1998

In certain states, only Death Benefit Option 1 (enhanced death benefit rider) is
available  until Death Benefit Option 2 (standard  death benefit) is approved by
the Insurance Department in your state. In addition, in certain states,  certain
portfolios  may not be available  until  approved by the  Insurance  Department.
Check with your registered  representative regarding the death benefit option(s)
and portfolios  available in your state or call United Life & Annuity  Insurance
Company at 800-825-7253.

ULV-AD-4035


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