WRL FREEDOM WEALTH PROTECTOR(R)
                      SUPPLEMENT DATED SEPTEMBER 1, 2000 TO
                          PROSPECTUS DATED MAY 1, 20000

The WRL Janus Global portfolio and subaccount are only available for investment
to policyowners who purchased their Policy before September 1, 2000.

THE FOLLOWING SENTENCE IS ADDED TO THE FOOTNOTE (3) ON PAGE 14 OF THE
PROSPECTUS:

Effective September 1, 2000, this portfolio is not available for investment to
new policyowners.

THE FOLLOWING PARAGRAPH REPLACES THE PARAGRAPH ON PAGE 74 UNDER THE HEADING
"ADDITIONAL INFORMATION - LEGAL PROCEEDINGS":

         Western Reserve, like other life insurance companies, is involved in
lawsuits, including class action lawsuits. In some lawsuits involving insurers,
substantial damages have been sought and/or material settlement payments have
been made. Although the outcome of any litigation cannot be predicted with
certainty, at the present time, it appears that there are no pending or
threatened lawsuits that are likely to have a material adverse impact on the
separate account, on AFSG's ability to perform under its principal underwriting
agreement, or on Western Reserve's ability to meet its obligations under the
Policy.




WRL00195-9/2000