497 1 d497.txt FEB SUPPLEMENT OCT 5, 2001 WRL FREEDOM ELITE BUILDER (sm) SUPPLEMENT DATED OCTOBER 5, 2001 TO PROSPECTUS DATED JULY 5, 2001 AS SUPPLEMENTED AUGUST 24, 2001 Effective October 5, 2001, American Century Investment Management, Inc. will become sub-adviser to the International Equity (formerly, GE International Equity) portfolio of the AEGON/Transamerica Series Fund, Inc. Effective March 1, 2002, the name of the International Equity will be changed to American Century International. Prior to October 5, 2001, GE International Equity was sub-advised by GE Asset Management Incorporated. The following information is added to page 5 of the Prospectus under the heading -------------------------------------------------------------------------------- "Investment Options": --------------------- AEGON/TRANSAMERICA SERIES FUND, INC. WRL International Equity (formerly, WRL GE International Equity) The following information is added to the Portfolio Annual Expense Table on page -------------------------------------------------------------------------------- 9 of the Prospectus: --------------------
-------------------------------------------------------------------------------------------------------- Management Other Rule Total Portfolio Portfolio Fees Expenses 12b-1 Annual Expenses Fees -------------------------------------------------------------------------------------------------------- International Equity 1.00% 0.20% N/A 1.20% --------------------------------------------------------------------------------------------------------
The following is added to the table in footnote (7) on page 10 of the --------------------------------------------------------------------- Prospectus: -----------
----------------------------------------------------------------------------------------------------------- Expense Reimbursement Expense Ratio Without Portfolio Limit Amount Reimbursement ----------------------------------------------------------------------------------------------------------- International Equity 1.20%* N/A N/A -----------------------------------------------------------------------------------------------------------
* Effective March 1, 2002 this expense limit will be increased to 1.50%. The following information replaces the information regarding GE International ----------------------------------------------------------------------------- Equity on pages 21 of the Prospectus under the heading "The Separate Account and -------------------------------------------------------------------------------- the Portfolios - The Funds": ----------------------------
-------------------------------------------------------------------------------------------------------------------- Portfolio Sub-Adviser or Adviser Investment Objective -------------------------------------------------------------------------------------------------------------------- International Equity American Century Investment Seeks long-term growth of capital. Management, Inc. --------------------------------------------------------------------------------------------------------------------
All other references throughout the prospectus to WRL GE International Equity are changed to WRL International Equity.