FRANKLIN LIFE VARIABLE ANNUITY FUND A
                                          
                          Supplement dated October 1, 1998
                                          
                                         to
                                          
                          Prospectus dated April 30, 1998
                                          

This supplement provides important information relating to the variable annuity
contracts (the "Contracts") issued through Franklin Life Variable Annuity Fund
A.  The supplement should be read in conjunction with the current prospectus for
the Contracts and should be retained for future reference.

     WAIVER OF SPECIFIED CHARGES
     
     Effective October 1, 1998, The Franklin Life Insurance Company ("The
     Franklin") will waive the imposition and receipt of all sales loads and
     administration fees specified in the Contracts.  The mortality and expense
     risk fees and investment management fees will continue to be imposed.
     

     ADMINISTRATIVE SERVICES
     

     The Franklin has primary responsibility for providing all administrative
     services regarding the Contracts.  However, effective October 1, 1998,
     American General Life Insurance Company ("AGL") has agreed to provide all
     administrative services in connection with the Contracts.  AGL will provide
     such administrative services pursuant to a services agreement among
     American General Corporation and substantially all of its subsidiaries,
     including The Franklin and AGL.  Pursuant to the services agreement, The
     Franklin will reimburse AGL for the costs and expenses that AGL incurs in
     providing administrative services for the Contracts.  Neither The Franklin
     nor AGL will incur a loss or realize a profit in connection with the
     reimbursement.
     

     Effective October 1, 1998, all Stipulated Payments, requests, directions,
     and other communications should be directed to the following administrative
     office rather than The Franklin's Home Office:


          FLIC Annuity Service Center
          2727-A Allen Parkway (3-50)
          Houston, Texas  77019-2191

          or

          P.O. Box 4799
          Houston, Texas  77210-4799
          (800) 231-0105 or (713) 831-3505