-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WJ/d1uacA3RRWIE87SI7E+9ABDclXjH1Z2D08Q+CtPsj1bj21p1DwyMeh/O6vGHK
 693OiTrgEyXAE7uyFcPYjg==

<SEC-DOCUMENT>0001075796-03-000009.txt : 20030829
<SEC-HEADER>0001075796-03-000009.hdr.sgml : 20030829
<ACCEPTANCE-DATETIME>20030829123212
ACCESSION NUMBER:		0001075796-03-000009
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030829
EFFECTIVENESS DATE:		20030829

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLI VUL 2 SERIES ACCOUNT
		CENTRAL INDEX KEY:			0001075796
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-70963
		FILM NUMBER:		03873226

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

	MAIL ADDRESS:	
		STREET 1:		8515 EAST ORCHARD RD
		STREET 2:		2T3
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>colivulinvesbody.txt
<TEXT>
                                                                  Rule 497(e)
                                                          File Nos. 333-70963
                                                                and 811-09201


                          Key Business VUL - Prospectus

           A Flexible Premium Variable Universal Life Insurance Policy
             offered by Great-West Life & Annuity Insurance Company
                in connection with its COLI VUL-2 Series Account

                     Supplement dated August 29, 2003 to the
                             May 1, 2003 Prospectus

Please note the following changes to your Prospectus.

Effective August 29, 2003, the Division investing in the Maxim INVESCO Balanced
Portfolio is closed to new contributions and transfers in. As a result, the
following paragraph is added to the section "The Investment Options" on page 20
of the Prospectus.

"The Division of Great-West's COLI VUL-2 Series Account that invests in the
Maxim INVESCO Balanced Portfolio is closed to new contributions and transfers in
effective August 29, 2003."

This Supplement must be accompanied by or read in conjunction with the current
Prospectus, dated May 1, 2003.


                Please keep this Supplement for future reference.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----