Supplement Dated June 13, 2002
                       to the Prospectus Dated May 1, 2002
                        Premier Planner Variable Annuity


In the section entitled "Transfer During Accumulation Period" on page 18, the
third, fourth and fifth sentences in the second paragraph are deleted in their
entirety.


In the section entitled "Transfers Authorized by Telephone" on page 18, the
following sentences replace the second sentence in the second paragraph:

At any time we may suspend, modify or terminate your privilege to make transfers
via the telephone, or via other electronic or automated means specifically
approved by the Company, including, but not limited to, automated telephone
services, facsimile machine, e-mail and electronic services via online access.
Among other things, we reserve the right to limit the number of such transfers
among the Variable Sub-Accounts in any Contract year, or to refuse any Variable
Sub-Account transfer request. We also reserve the right to restrict such
transfers in any manner reasonably designed to prevent transfers that we
consider disadvantageous to other Contract owners.

The paragraph in the section entitled "MARKET TIMING AND ASSET ALLOCATION
SERVICES" on page 41 is replaced by the following paragraph:

The Contract is intended for long-term investment. Frequent trading in response
to short term fluctuations in the market can disrupt management of a Portfolio
and raise its expenses, which can impair Portfolio performance. At our
discretion, we may restrict, limit or refuse transfers which are considered by
us to be to the disadvantage of Contract owners or may have a detrimental effect
on a Portfolio. See Excessive Trading Limits on page 18 and Transfers Authorized
by Telephone on page 18. Please note that fees and charges assessed for asset
allocation services are separate and distinct from the Contract fees and charges
set forth herein.