SUPPLEMENT DATED AUGUST 9, 2004

TO PROSPECTUSES DATED APRIL 30, 2004 FOR

FUTURITY II VARIABLE AND FIXED ANNUITY

FUTURITY III VARIABLE AND FIXED ANNUITY

TO PROSPECTUSES DATED MAY 1, 2003 FOR

FUTURITY FOCUS VARIABLE AND FIXED ANNUITY

FUTURITY ACCOLADE VARIABLE AND FIXED ANNUITY

FUTURITY FOCUS II VARIABLE AND FIXED ANNUITY

FUTURITY SELECT FOUR VARIABLE AND FIXED ANNUITY

FUTURITY SELECT FOUR PLUS VARIABLE AND FIXED ANNUITY

FUTURITY SELECT INCENTIVE VARIABLE AND FIXED ANNUITY

FUTURITY SELECT FREEDOM VARIABLE AND FIXED ANNUITY

FUTURITY SELECT SEVEN VARIABLE AND FIXED ANNUITY

TO PROSPECTUS DATED APRIL 30, 2002 FOR

FUTURITY VARIABLE AND FIXED ANNUITY

ISSUED BY SUN LIFE ASSURANCE COMPANY OF CANADA (U.S.)

SUN LIFE OF CANADA (U.S.) VARIABLE ACCOUNT F

At a meeting of shareholders held on August 5, 2004, it was voted to terminate and liquidate the following Funds:

SC^SM Alger Growth

SC^SM Alger Income and Growth

SC^SM Alger Small Capitalization

SC^SM Davis Financial

SC^SM Neuberger Berman Mid Cap Growth

SC^SM Neuberger Berman Mid Cap Value

SC^SM Value Equity

SC^SM Value Managed

SC^SM Value Mid Cap

SC^SM Investors Foundation

SC^SM Select Equity

On August 6, 2004, the assets of each Fund were liquidated, the liquidation proceeds were distributed to the respective Fund's shareholders, and the existence of each Fund was terminated. Therefore, the corresponding Sub-Accounts investing in these Funds are no longer available for investment.

SCFUT - 804