497 1 c66698e497.txt 497 SUPPLEMENT TO THE PROSPECTUS DATED JULY 31, 2001 NORTHWESTERN MUTUAL VARIABLE JOINT LIFE PAGE 3 OF THE PROSPECTUS Item (1) on page 3 of the Prospectus, under the heading "From Policy Value," is amended to read as follows: (1) The invested assets component - The current charge is at the annual rate of .25% (0.02083% monthly rate) of the Policy Value less any Policy debt. The maximum charge is at the annual rate of .90% (0.075% monthly rate). PAGE 10 OF THE PROSPECTUS The fourth sentence of the second paragraph under the heading "Charges against the Policy Value" at the top of the right column on page 10 of the Prospectus is amended to read as follows: Currently the charge is equal to an annual rate of .25% (0.02083% monthly rate) of the Policy Value. THE DATE OF THIS PROSPECTUS SUPPLEMENT IS JANUARY 1, 2002.