NOVEMBER 29, 2001 SUPPLEMENT TO THE
                                                    PROSPECTUS DATED MAY 1, 2001

THE FOLLOWING INFORMATION SUPPLEMENTS AND AMENDS INFORMATION PERTAINING TO
TRANSFERS IN THE PROSPECTUS:

Up to 30 days before the maturity date, you may transfer all or part of the
contract value between variable funding options. Please note that the contract
is not designed to serve as a vehicle for frequent trading in response to
short-term fluctuations in the stock market. Therefore, all transfers are
subject to the following restrictions:

1.      EXCESSIVE TRANSFERS. We reserve the right to restrict transfers if we
        determine you are engaging in a pattern of transfers that may
        disadvantage contract owners. In making this determination, we will
        consider, among other things, the following factors:

        -       the total dollar amount being transferred;
        -       the number of transfers you made within the previous three
                months;
        -       whether your transfers follow a pattern designed to take
                advantage of short term market fluctuations; and
        -       whether your transfers are part of a group of transfers made by
                a third party on behalf of individual contract owners in the
                group.

2.      MARKET TIMERS. We reserve the right to restrict transfers by any market
        timing firm or any other third party authorized to initiate transfers on
        behalf of multiple contract owners. We may, among other things:

        -       reject the transfer instructions of any agent acting under a
                power of attorney on behalf of more than one owner, or
        -       reject the transfer or exchange instructions of individual
                owners who have executed pre-authorized transfer forms which
                are submitted by market timing firms or other third parties on
                behalf of more than one owner.

FUTURE MODIFICATIONS. We will continue to monitor the transfer activity
occurring among the variable funding options, and may modify these transfer
restrictions at any time if we deem it necessary to protect the interest of all
contract owners. These modifications may include curtailing or eliminating,
without notice, the ability to use the Internet, facsimile or telephone in
making transfers.

If, in our sole discretion, we determine you are engaging in activity
as described above or similar activity which will potentially hurt the rights
or interests of contract owners, we will exercise our contractual right to
restrict your number of transfers to one every six months. None of these
restrictions are applicable to transfers made under a Dollar Cost Averaging
Program, a rebalancing program, or if applicable, any asset allocation program
described in this prospectus.

We will make transfers at the value(s) next determined after we receive your
request in good order at our Home Office. After the maturity date, you may make
transfers only if allowed by your contract or with our consent.  These
restrictions are subject to any state law requirements.