Paragon Power Portfolio Variable Annuity

                        GNA Variable Investment Account

                  Great Northern Insured Annuity Corporation

               Supplement to Prospectus dated November 22, 1995

     Effective December 11, 1995, the four investment options provided by the 
Paragon Portfolio - the Paragon Power Intermediate-Term Bond Portfolio, the 
Paragon Power Value Growth Portfolio, the Paragon Power Value Equity Income 
Portfolio, and the Paragon Power Gulf South Growth Portfolio - will cease to be 
available for Certificates issued on or after that date. In addition, no 
purchase payments under Certificates outstanding on that date may be allocated 
to, and no transfers of Certificate Value may be made to, the Variable 
Sub-accounts corresponding to the four Paragon Portfolio investment options on 
or after December 11, 1995.

     Certificate Values invested in the four Paragon Portfolio Variable 
Sub-accounts prior to December 11, 1995, may remain invested in those 
Sub-accounts until such time as Great Northern Insured Annuity Corporation 
("GNA") has obtained all necessary regulatory approvals to transfer such 
Certificate Values to another investment option. GNA intends to seek an order 
from the Securities and Exchange Commission ("SEC") to permit it to transfer any
remaining Certificate Values in the four Paragon Portfolio Variable Sub-accounts
to the Variable Sub-account corresponding to the GE Money Market Portfolio of 
the Variable Investment Trust. Prior to obtaining such order, transfers may be 
made from the four Paragon Portfolio Variable Sub-accounts at any time, and GNA 
will waive the assessment of the $25 charge for such transfer if otherwise 
applicable. There is no assurance that the order to be requested from the SEC 
will be granted.

               The date of this supplement is December 11, 1995