-----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, D0YBZiMmQgJeXRBbinkdT6vRVkQGjqx3D2nC16JBwXigj9zQdl3kRD0rUlhGe2hU bGOrJe76AuDes+fzg+8SCg== 0000778209-03-000055.txt : 20030811 0000778209-03-000055.hdr.sgml : 20030811 20030811135916 ACCESSION NUMBER: 0000778209-03-000055 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030811 EFFECTIVENESS DATE: 20030811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WRL SERIES LIFE ACCOUNT CENTRAL INDEX KEY: 0000778209 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-31140 FILM NUMBER: 03834074 BUSINESS ADDRESS: STREET 1: 570 CARILLON PARKWAY CITY: ST PETERSBURG STATE: FL ZIP: 33716 BUSINESS PHONE: 2722991800 MAIL ADDRESS: STREET 1: 201 HIGHLAND AVENUE CITY: LARGO STATE: FL ZIP: 33770 497 1 wrlequityprotectorsupp.htm WRL EQUITY PROTECTOR SUPPLEMENT

WRL FREEDOM EQUITY PROTECTOR®
SUPPLEMENT DATED MAY 9, 2003 TO
PROSPECTUS DATED MAY 1, 2003

Effective on or about June 30, 2003, we will offer four additional investment options to the WRL Series Life Account, which invests through its subaccounts in portfolios of the Access Variable Insurance Trust (“AVIT”).

The following portfolios are added to the front cover of the prospectus:

Potomac Dow 30 Plus Portfolio
Potomac OTC Plus Portfolio
Wells S&P REIT Index Portfolio
Access U.S. Government Money Market Portfolio

The following information is added to page 16 of the prospectus under the heading “Western Reserve, The Separate Account, The Fixed Account and the Portfolios – The Portfolios”:

Portfolio Sub-Adviser or Adviser and
Investment Objective
Potomac Dow 30 Plus Portfolio Rafferty Asset Management, LLC
Seeks daily investment results that correspond to
125% of the performance of the Dow Jones
Industrial AverageSM.
Potomac OTC Plus Portfolio Rafferty Asset Management, LLC
Seeks to provide investment returns that correspond
to 125% of the performance of the Nasdaq 100
IndexTM.
Wells S&P REIT Index Portfolio Wells Asset Management, Inc.
Seeks to provide investment results corresponding
to the performance of the S&P Real Estate
Investment Trust Composite Index.
Access U.S. Government Money Market Portfolio Rafferty Asset Management, LLC
Seeks to provide security of principal, current
income and liquidity.

The following information is added to page 17 of the prospectus after the third paragraph:

        Access Fund Management, LLC, located at 475 Hickorynut Avenue, Oldsmar, Florida 34677, serves as the investment adviser to the AVIT fund and manages the AVIT fund in accordance with policies and guidelines established by the AVIT fund’s Board of Trustees. For certain portfolios, AVIT has engaged investment sub-advisers to provide portfolio management services with regard to foreign investments. AVIT and each sub-adviser are registered investment advisers under the Investment Advisers Act of 1940, as amended. See the AVIT fund prospectus for more information regarding Access and the investment advisers.

The following paragraph is added to page 53 after Table 1 in the prospectus under the heading “Performance Data – Rates of Return:"

        Because Potomac Dow 30 Plus Portfolio, Potomac OTC Plus Portfolio, Access U.S. Government Money Market Portfolio and Wells S&P REIT Index Portfolio subaccounts commenced operations on May 1, 2003, the above Table does not reflect rates of return for these subaccounts.

The following paragraph is added to page 54 after Table 2 in the prospectus under the heading “Performance Data – Rates of Return:"

        Because Potomac Dow 30 Plus Portfolio, Potomac OTC Plus Portfolio, Access U.S. Government Money Market Portfolio and Wells S&P REIT Index Portfolio commenced operations on May 1, 2003, the above Table does not reflect rates of return for these portfolios.

WRL00036-05-2003

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