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PROSPECTUS SUPPLEMENT
PROTECTIVE LIFE INSURANCE COMPANY
INDIVIDUAL FLEXIBLE PREMIUM VARIABLE AND FIXED LIFE INSURANCE POLICY
SUPPLEMENT DATED OCTOBER 1, 1997
PROSPECTUS DATED MAY 1, 1997
THE FOLLOWING INFORMATION SUPPLEMENTS CERTAIN INFORMATION REGARDING THE CRI
STRATEGIC GROWTH PORTFOLIO CONTAINED ON PAGES 12 AND 15 OF THE PROSPECTUS:
The shareholders of the CRI Strategic Growth Portfolio will be receiving a proxy
statement to vote on the approval of, among other things, new investment
objectives, policies and restrictions for the CRI Strategic Growth Portfolio,
and a new Investment Advisory Agreement with the investment advisor, Calvert
Asset Management Company, Inc., that will reflect a lower advisory fee. Please
refer to the Fund prospectus dated April 30, 1997 and Supplement to the Fund
prospectus dated September 10, 1997.
THE FOLLOWING LANGUAGE IS ADDED TO THE LAST PARAGRAPH ON PAGE 51 UNDER THE
SUB-HEADING ENTITLED "SALE OF THE POLICIES":
Protective Life may reduce or waive the sales charge, administrative fees and/or
any other charges on any Policy sold to (i) directors, officers or employees of
Protective Life or any of its affiliates, (ii) employees and registered
representatives of any broker-dealer that has entered into a selling agreement
with Protective Life or IDI as well as employees of such registered
representatives and (iii) the immediate family of the above persons, due to the
generally lower sales and administrative expenses attributable to such
individuals. No such reduction or waiver will be permitted where it would be
unfairly discriminatory against any person.
