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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001075796-01-000008.txt : 20010410
<SEC-HEADER>0001075796-01-000008.hdr.sgml : 20010410
ACCESSION NUMBER:		0001075796-01-000008
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLI VUL 2 SERIES ACCOUNT
		CENTRAL INDEX KEY:			0001075796
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	333-70963
		FILM NUMBER:		1595198

	BUSINESS ADDRESS:	
		STREET 1:		8515 EAST ORCHARD RD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80111

	MAIL ADDRESS:	
		STREET 1:		8515 EAST ORCHARD RD
		CITY:			ENGLEWOOD
		STATE:			CO
		ZIP:			80111
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>STICKER
<TEXT>


                         SUPPLEMENT DATED APRIL 4, 2001
                              TO THE PROSPECTUS FOR
                       KEY BUSINESS VUL, dated May 1, 2000


The Janus Aspen Series  High-Yield  Portfolio  will be closing to new  investors
effective May 1, 2001. As a result, the following paragraph is added to the list
of investment options offered under the COLI VUL-2 Series Account on page ii and
to the section "The Investment  Options" on page seven (7) of the prospectus for
the Key Business VUL:


The Division of Great-West's COLI VUL-2 Series Account that invests in the Janus
Aspen Series High-Yield  Portfolio is closed to new investors effective April 4,
2001. The portfolio in which this Division  invests its assets,  the Janus Aspen
Series High-Yield  Portfolio,  will be closed to new investors  effective May 1,
2001.  Janus  Capital  Corporation  anticipates  liquidation  of the Janus Aspen
Series High-Yield Portfolio soon after regulatory approvals are obtained.


                Please keep this supplement for future reference.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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