Supplement to Prospectus Dated May 1, 1996

                       Supplement dated September 4, 1996

         The following changes,  subject to shareholder approval,  are scheduled
to take place on October 15, 1996  regarding  the  following  portfolios  of the
American  Skandia  Trust  ("AST"),  one of the  underlying  mutual  funds  whose
portfolios are made available as variable investment options under your Annuity:

     I. Changes in the AST Phoenix  Balanced Asset  Portfolio:  Reappointment of
American Skandia Investment Services, Incorporated (the "Manager") as investment
manager;  increase in the investment  management fee on average daily net assets
over $75 million;  appointment of Putnam  Investment  Management  Inc.  ("Putnam
Management") as new portfolio subadviser;  changes to the portfolio's investment
objective and certain fundamental investment  restrictions;  and a change in the
portfolio's name to the "AST Putnam Balanced Portfolio."

     II.  Changes in the  Seligman  Henderson  International  Equity  Portfolio:
Reappointment  of the  Manager  as  investment  manager;  appointment  of Putnam
Management as new portfolio  subadviser;  changes to the portfolio's  investment
objective and certain fundamental investment  restrictions;  and a change in the
portfolio's name to the "AST Putnam International Equity Portfolio."

     III. Changes in the Seligman Henderson  International  Small Cap Portfolio:
Reappointment  of the Manager as  investment  manager;  appointment  of Founders
Asset Management,  Inc. as new portfolio subadviser;  changes to the portfolio's
investment  objective and certain  fundamental  investment  restrictions;  and a
change in the portfolio's name to the "Founders Passport Portfolio."

     The  above  changes  are  described  more  fully in the  September  4, 1996
Supplement to the May 1, 1996 AST Prospectus.

ASAP2/ASAP/ASL/AX/AC/AD/AS - (9/96)