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il50399-497.txt
IL ANNUITY VISIONARY AND VISIONARY CHOICE
SUPPLEMENT DATED MAY 25, 2001 TO
PROSPECTUS DATED MAY 1, 2001
IL ANNUITY AND INSURANCE CO. SEPARATE ACCOUNT 1
VISIONARY VARIABLE ANNUITY
PLEASE USE THIS SUPPLEMENT WITH THE VISIONARY PROSPECTUS DATED MAY 1, 2001. READ
IT CAREFULLY AND KEEP IT WITH YOUR MAY 1, 2001 PROSPECTUS FOR FUTURE REFERENCE.
COMBINATION WITH AMERICAN MUTUAL HOLDING CO.
On May 18, 2001, the combination of American Mutual Holding Co. ("AMHC") and
Indianapolis Life Insurance Company ("ILICo") was completed. This transaction
included the demutualization of ILICo.
As a result of this transaction, the last sentence of the third paragraph on
page 11 of the Visionary prospectus, under the heading "IL Annuity and Insurance
Company," is revised to read:
That transaction, which included the demutualization of ILICo, was
completed on May 18, 2001.
REDOMESTICATION OF THE SEPARATE ACCOUNT
The first paragraph under the heading "IL Annuity and Insurance Co. Separate
Account 1" on page 12 of the Visionary prospectus, is revised to read:
We established IL Annuity and Insurance Co. Separate Account 1
(the "separate account") under Massachusetts insurance law on
November 1, 1994. When IL Annuity redomesticated to Kansas on
December 29, 2000, the separate account became subject to the laws
of the state of Kansas. The separate account will receive and
invest net premium payments made under the Contracts and under
other variable annuity contracts we may issue in the future.
The last sentence of the fourth paragraph under the heading "IL Annuity and
Insurance Co. Separate Account 1" on page 12 of the Visionary prospectus is
deleted.
SUPPLEMENT DATED MAY 25, 2001 TO
PROSPECTUS DATED MAY 1, 2001
IL ANNUITY AND INSURANCE CO. SEPARATE ACCOUNT 1
VISIONARY CHOICE VARIABLE ANNUITY
PLEASE USE THIS SUPPLEMENT WITH THE VISIONARY CHOICE PROSPECTUS DATED MAY 1,
2001. READ IT CAREFULLY AND KEEP IT WITH YOUR MAY 1, 2001 PROSPECTUS FOR FUTURE
REFERENCE.
COMBINATION WITH AMERICAN MUTUAL HOLDING CO.
On May 18, 2001, the combination of American Mutual Holding Co. ("AMHC") and
Indianapolis Life Insurance Company ("ILICo") was completed. This transaction
included the demutualization of ILICo.
As a result of this transaction, the last sentence of the third paragraph on
page 15 of the Visionary Choice prospectus, under the heading "IL Annuity and
Insurance Company," is revised to read:
That transaction, which included the demutualization of ILICo, was
completed on May 18, 2001.
REDOMESTICATION OF THE SEPARATE ACCOUNT
The first paragraph under the heading "IL Annuity and Insurance Co. Separate
Account 1" on page 16 of the Visionary Choice prospectus, is revised to read:
We established IL Annuity and Insurance Co. Separate Account 1
(the "separate account") under Massachusetts insurance law on
November 1, 1994. When IL Annuity redomesticated to Kansas on
December 29, 2000, the separate account became subject to the laws
of the state of Kansas. The separate account will receive and
invest net premium payments made under the Contracts and under
other variable annuity contracts we may issue in the future.
The last sentence of the fourth paragraph under the heading "IL Annuity and
Insurance Co. Separate Account 1" on page 16 of the Visionary Choice prospectus
is deleted.