Notice to Contract Owner

                     Important! Please respond immediately.

January 2, 1997



Dear Triple Advantage Contract Owner:

The Board of  Directors of the Dreyfus  Managed  Assets  Portfolio  has called a
Special  Meeting of the  Stockholders  of the  Portfolio  to be held January 31,
1997, for the purposes  explained in the attached  Notice of Special  Meeting to
Shareholders and Proxy Statement.

The Dreyfus  Managed Assets  Portfolio is one of the Portfolios  available under
the Dreyfus/Transamerica  Triple Advantage Variable Annuity. As a shareholder in
the Portfolio,  Transamerica will vote its shares at this meeting. As a Contract
Owner you have the right to instruct Transamerica how to vote. Transamerica will
vote all its  shares in  accordance  with the  instructions  it  receives.  This
mailing is to solicit these instructions from you.

Enclosed are:

1.  An Instruction Form that you should use to instruct Transamerica how to 
    vote the Portfolio shares it holds.

2.  The proxy solicitation  materials from the Portfolio including a Notice
    of Special Meeting of Shareholders and a Proxy Statement.  Review these
    to learn more about the meeting and the  proposals  which will be voted
    on.

3.  A postage paid envelope to return your Instruction Form to Transamerica.

Please mark your  instructions on the Instruction Form, sign, date and return it
in  the  enclosed  envelope.  If  you  have  any  questions,   please  call  our
Transamerica  Service  Center  at  (800)  258-4260  or in New York  only,  
(800) 241-4261.



Sincerely,






         



                                INSTRUCTION FORM

                       TO TRANSAMERICA IN CONNECTION WITH
                             THE PROXY SOLICITED BY

                      THE DREYFUS MANAGED ASSETS PORTFOLIO

The undersigned Contract Owner instructs Transamerica  Occidental Life Insurance
Company,  or First  Transamerica  Life  Insurance  Company for New York Contract
Owners,  ("Transamerica")  to vote, in the manner  indicated below all shares of
the Dreyfus Managed Assets Portfolio  attributable,  as of December 31, 1996, to
the  allocation  of the  Contract  Owner's  Account  Value to the  corresponding
Sub-Account of Separate VA-2L (or VA-2LNY for First  Transamerica Life Insurance
Company) at a Meeting of Shareholders  on January 31, 1997 and all  adjournments
thereof,  and to vote  in its  sole  discretion  on such  other  matters  as may
properly come before the meeting.

This  instruction  is being  solicited by  Transamerica  as  shareholder  of the
Dreyfus Managed Assets Portfolio.  Receipt of the Notice to Contract Owners, the
Notice of Special  Meeting of  Shareholders  and, the Proxy  Statement is hereby
acknowledged.

Please indicate your instructions by filling in the appropriate box below. If no
box is checked, Transamerica will take your instructions for the proposals.


                                        FOR          AGAINST           ABSTAIN

To amend the Investment Advisory 
Agreement between the Portfolio 
and The Dreyfus Corporation with 
respect to the Series.


                                        FOR          AGAINST           ABSTAIN

To transact such other business
as may properly come before 
the meeting, or any
adjournment(s) thereof.



- ----------------------------------      ------------------------------------
Contract Owner sign here                Joint-Owner (if any) sign here

Date:_____________________________      Date:_______________________________

             SIGN, DATE AND RETURN THIS INSTRUCTION SHEET PROMPTLY
                          USING THE ENCLOSED ENVELOPE.

           If signing is by attorney, executor, administrator, trustee
                        or guardian, please give title.






January 1997