MERRILL LYNCH LIFE INSURANCE COMPANY
             MERRILL LYNCH LIFE VARIABLE ANNUITY SEPARATE ACCOUNT C

                       SUPPLEMENT DATED DECEMBER 23, 2002
                                     TO THE
                          PROSPECTUS DATED JULY 1, 2002
                                       FOR
                        MERRILL LYNCH CONSULTS ANNUITY(SM)

Effective December 23, 2002, the subaccount investing in the Roszel/Neuberger
Berman Small Cap Growth Portfolio will be closed to allocations of premiums and
contract value.

                                  *     *     *

If you have any questions about this change, please contact your Financial
Advisor, or call or write the Service Center at (800) 535-5549, P.O. Box 44222,
Jacksonville, Florida 32231-4222. Please retain this supplement with your
Contract prospectus for your reference.