CONNECTICUT MUTUAL INVESTMENT ACCOUNTS, INC.
                                (THE "COMPANY")

                         SUPPLEMENT TO THE PROSPECTUS
                            DATED OCTOBER 1, 1995

                      CONNECTICUT MUTUAL LIQUID ACCOUNT

                          CLASS A AND CLASS B SHARES
               CONNECTICUT MUTUAL GOVERNMENT SECURITIES ACCOUNT
                      CONNECTICUT MUTUAL INCOME ACCOUNT
                   CONNECTICUT MUTUAL TOTAL RETURN ACCOUNT
                      CONNECTICUT MUTUAL GROWTH ACCOUNT


     At a meeting of the Company's shareholders on February 14, 1996,
shareholders approved several changes to the management of the Company and the
Accounts in anticipation of the merger (the "Merger") between Connecticut
Mutual Life Insurance Company ("Connecticut Mutual") and Massachusetts Mutual
Life Insurance Company ("Massachusetts Mutual").  Connecticut Mutual is the
indirect parent company of G.R. Phelps & Co., Inc. ("G.R. Phelps"), the
current investment adviser to all Accounts.  The Merger is expected to be
consummated on March 1, 1996.

     The shareholders have approved the following changes effective as noted
below:

O     The selection of OppenheimerFunds, Inc. ("Oppenheimer"), Two World Trade
  Center, New York, NY, as the investment adviser to all Accounts. 
  Oppenheimer is a registered investment adviser which, together with its
  affiliates, has over $38 billion under management.  Oppenheimer is an
  indirect subsidiary of Massachusetts Mutual.  (Effective immediately upon
  consummation of the Merger.)

The rate of the investment management fee applicable to each Account will not
change as a result of Oppenheimer's assumption of management of the Accounts.


     O     The selection of OppenheimerFunds Distributor, Inc. ("OFD"), an
 affiliate of Oppenheimer, as the principal underwriter of the Accounts'
 shares.  (Effective March 18, 1996.)

     O     The amendment of each Account's (except Liquid Account) Class A
 Rule 12b-1 distribution plan to permit the payment of service fees to OFD and
 others, including affiliates of OFD ("Qualified Recipients").  (Effective
 March 18, 1996.)

The maximum level of payment to OFD and Qualified Recipients pursuant to the
Class A Rule 12b-1 plans will not be increased from the present maximum level.

     O     The amendment of each Account's (except Liquid Account) Class B
 Rule 12b-1 distribution plan to permit OFD and Qualified Recipients to be
 compensated for expenditures under the Class B Rule 12b-1 plan for the full
 amount of the authorized payment.  (Effective March 18, 1996.)

The maximum level of payment to OFD and Qualified Recipients pursuant to the
Class B Rule 12b-1 plans will not be increased from the present maximum level.


     O     The election of twelve (12) new directors to serve as the Company's
 Board of Directors.  (Effective May 31, 1996.)

     The Company's Board of Directors has also approved the appointment of
OppenheimerFunds Services as the Company's transfer agent and shareholder
servicing agent.  (Effective March 18, 1996.)

     Until the transition to full service by Oppenheimer and its affiliates to
the Accounts is completed after the consummation of the Merger, distribution
services will continue to be provided by Connecticut Mutual Financial
Services, L.L.C. (the current distributor) and transfer agency and shareholder
services will be provided by National Financial Data Services (the current
transfer agent).


February 16, 1996