Lincoln Benefit Life Company
                  Lincoln Benefit Life Variable Annuity Account

                       Supplement, dated November 21, 2003
                                     to the
      Prospectus and Statement of Additional Information, dated May 1, 2003
                    for the Premier Planner Variable Annuity

This  supplement  amends the May 1, 2003  prospectus and statement of additional
information  for the  Premier  Planner  variable  annuity  contract,  offered by
Lincoln Benefit Life Company.  Please keep this supplement for future  reference
together with your prospectus.

Effective September 30, 2003, The Universal  Institutional  Funds, Inc. U.S. Mid
Cap Core  Portfolio,  Class I changed  its name to The  Universal  Institutional
Funds, Inc. U.S. Mid Cap Value Portfolio,  Class I. The investment objective for
this Portfolio has not changed.

The prospectus and statement of additional information are revised as follows:

o    All references to The Universal Institutional Funds, Inc. U.S. Mid Cap Core
     Portfolio,   Class  I  are  deleted  and   replaced   with  The   Universal
     Institutional Funds, Inc. U.S. Mid Cap Value Portfolio, Class I.

o    All references to The Universal Institutional Funds, Inc. U.S. Mid Cap Core
     Portfolio,  Class I Variable  Subaccount  are deleted and replaced with The
     Universal  Institutional Funds, Inc. U.S. Mid Cap Value Portfolio,  Class I
     Variable Subaccount.