SUPPLEMENT DATED JULY 7, 1995
TO THE PROSPECTUS DATED MARCH 31, 1995 OF
PRINCIPAL MUTUAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT B
PERSONAL VARIABLE
(A Group Variable Annuity Contract
For Employer Sponsored Qualified
And Non-Qualified Retirement Plans)
Effective July 7, 1995, the prospectus dated March 31, 1995 is amended by
replacing the first paragraph on page 12 thereof with the following:
The Contingent Deferred Sales Charge does not apply to withdrawals made as a
result of the Plan Participant's death or Total and Permanent Disability. The
charge also does not apply to amounts paid pursuant to the Flexible Income
Option that do not exceed the greater of (i) the minimum annual amount
determined in accordance with the minimum distribution rules of the Internal
Revenue Code, or (ii) 10% of the aggregate value of the Investment Accounts
which correlate to a Plan Participant determined as of the last Valuation Date
in the preceding Deposit Year. The charge also does not apply to transfers
between Investment Accounts or transfers to a Companion Contract, transfers from
a Premier Annuity Contract or to amounts applied to provide Variable Annuity
Payments. The charge may apply to amounts transferred to an Alternate Funding
Agent. The charge does not apply to amounts redeemed to assure the plan complies
with Sections 401(k) and 401(m) of the Internal Revenue Code.
GP34571S-5
<PAGE>
SUPPLEMENT DATED JULY 7, 1995
TO THE PROSPECTUS DATED MARCH 31, 1995 OF
PRINCIPAL MUTUAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT B
PERSONAL VARIABLE
(A Group Variable Annuity Contract
For Employer Sponsored Qualified
And Non-Qualified Retirement Plans)
Effective July 7, 1995, the prospectus dated March 31, 1995 is amended by adding
the following as the last paragraph on page 3:
The Balanced, Bond, Emerging Growth, Growth and World Divisions are not
currently available in the following states:
California Vermont
GP40110
