424(b)(3) 333-132810 MONY Life Insurance Company of America SUPPLEMENT DATED JULY 6, 2007 TO THE MAY 1, 2007 PROSPECTUS AND PROSPECTUS SUPPLEMENT FOR CORPORATE SPONSORED VARIABLE UNIVERSAL LIFE - -------------------------------------------------------------------------------- This Supplement modifies certain information in the above-referenced Prospectus and Supplements to Prospectus and Statement of Additional Information, dated May 1, 2007, as previously supplemented (the "Prospectuses"). You should read this Supplement in conjunction with the Prospectuses and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectuses remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectuses. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in your prospectus. POSTPONEMENT OF PORTFOLIO SUBSTITUTIONS The July 9, 2007 and August 20, 2007 substitutions of interests in the variable investment options listed below and described in the May 1, 2007 supplement to your prospectus have been temporarily postponed. Pending regulatory approval, the substitution transactions are now expected to occur on or about August 20, 2007 and November 19, 2007, respectively. The July 9, 2007 substitution of interests in the Oppenheimer Global Securities/VA (Service Class) variable investment option for interests in the UIF Global Value Equity (Share Class I) variable investment option described in the May 1, 2007 supplement to your prospectus has been cancelled. As a result, the UIF Global Value Equity (Share Class I) variable investment option will continue to be available under your policy after July 9, 2007. For more information about the substitutions, please refer to your May 1, 2007 prospectus and prospectus supplement. The substitutions of interests in the Dreyfus Appreciation, Fidelity VIP Growth, MFS New Discovery Series, UIF Equity Growth and UIF U.S. Real Estate Portfolios will occur on or about August 20, 2007. The substitutions of interests in the Alger American Balanced, Alger American MidCap Growth, Dreyfus Small Cap Stock Index, Fidelity VIP Growth Opportunities, Janus Aspen Series Flexible Bond, MFS Total Return, T. Rowe Price Equity Income, T. Rowe Price New America, T. Rowe Price Personal Strategy Balanced, UIF Core Plus Fixed Income and UIF Value Portfolios will occur on or about November 19, 2007. The following is added under "The Funds" for the Surviving/New Portfolios, replacing information shown in the Prospectus for the Replaced (current) Portfolios listed below: - --------------------------------------------------------------------------------------------------------------------- Trust(s) Trust/Share Class Replaced (Current) Portfolio Surviving/New Portfolio - --------------------------------------------------------------------------------------------------------------------- EQ Advisors Trust -- Class IA Shares - --------------------------------------------------------------------------------------------------------------------- ALGER AMERICAN MIDCAP GROWTH (CLASS O SHARES) EQ/VAN KAMPEN MID CAP GROWTH (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- DREYFUS VARIABLE INVESTMENT FUND -- APPRECIATION PORTFOLIO EQ/ALLIANCEBERNSTEIN COMMON STOCK (CLASS IA SHARES) (INITIAL SHARES) - --------------------------------------------------------------------------------------------------------------------- DREYFUS INVESTMENT PORTFOLIO -- SMALL CAP STOCK INDEX EQ/SMALL COMPANY INDEX (CLASS IA SHARES) PORTFOLIO (SERVICE SHARES) - --------------------------------------------------------------------------------------------------------------------- FIDELITY VIP GROWTH OPPORTUNITIES PORTFOLIO (INITIAL CLASS) EQ/CAPITAL GUARDIAN RESEARCH (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- JANUS ASPEN SERIES FLEXIBLE BOND PORTFOLIO (INSTITUTIONAL EQ/JPMORGAN CORE BOND (CLASS IA SHARES) SHARES) - --------------------------------------------------------------------------------------------------------------------- MFS(R) NEW DISCOVERY SERIES (INITIAL CLASS) EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- T. ROWE PRICE EQUITY INCOME PORTFOLIO EQ/BOSTON ADVISORS EQUITY INCOME (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- T. ROWE PRICE NEW AMERICA GROWTH EQ/CAPITAL GUARDIAN GROWTH (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- UIF CORE PLUS FIXED INCOME (SHARE CLASS I) EQ/JPMORGAN CORE BOND (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- UIF VALUE PORTFOLIO (CLASS I) EQ/ALLIANCEBERNSTEIN VALUE (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- UIF U.S. REAL ESTATE (SHARE CLASS I) EQ/VAN KAMPEN REAL ESTATE (CLASS IA SHARES) - --------------------------------------------------------------------------------------------------------------------- MNY REAL ES. (6/07) x01703 139258 (6/07) -NB/IF-CSVUL - --------------------------------------------------------------------------------------------------------------------- Trust(s) Trust/Share Class Replaced (Current) Portfolio Surviving/New Portfolio - --------------------------------------------------------------------------------------------------------------------- Fidelity(R) Variable Insurance Products (VIP) -- Initial Class Shares - --------------------------------------------------------------------------------------------------------------------- FIDELITY VIP GROWTH PORTFOLIO (INITIAL CLASS) FIDELITY VIP CONTRAFUND(R) (INITIAL CLASS) - --------------------------------------------------------------------------------------------------------------------- UIF EQUITY GROWTH PORTFOLIO (SHARE CLASS I) FIDELITY VIP CONTRAFUND(R) (INITIAL CLASS) - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------- Franklin Templeton Variable Insurance Products Trust -- Class 2 Shares - --------------------------------------------------------------------------------------------------------------------- ALGER AMERICAN BALANCED PORTFOLIO (CLASS O SHARES) FRANKLIN INCOME SECURITIES FUND (CLASS 2 SHARES) - --------------------------------------------------------------------------------------------------------------------- MFS TOTAL RETURN (INITIAL CLASS) FRANKLIN INCOME SECURITIES FUND (CLASS 2 SHARES) - --------------------------------------------------------------------------------------------------------------------- T. ROWE PRICE PERSONAL STRATEGY BALANCED FRANKLIN INCOME SECURITIES FUND (CLASS 2 SHARES) - --------------------------------------------------------------------------------------------------------------------- MONY Life Insurance Company of America 1290 Avenue of the Americas New York, NY 10104 212-554-1234 2 MONY Life Insurance Company MONY Life Insurance Company of America SUPPLEMENT DATED JULY 6, 2007 TO THE MAY 1, 2007 PROSPECTUS AND PROSPECTUS SUPPLEMENT FOR MONY VARIABLE ANNUITY - -------------------------------------------------------------------------------- This Supplement modifies certain information in the above-referenced Prospectus and Supplements to Prospectus and Statement of Additional Information, dated May 1, 2007, as previously supplemented (the "Prospectuses"). You should read this Supplement in conjunction with the Prospectuses and retain it for future reference. Unless otherwise indicated, all other information included in the Prospectuses remains unchanged. The terms and section headings we use in this Supplement have the same meaning as in the Prospectuses. We will send you another copy of any prospectus or supplement without charge upon request. Please contact the customer service group referenced in your prospectus. POSTPONEMENT OF PORTFOLIO SUBSTITUTIONS The July 9, 2007 and August 20, 2007 substitutions of interests in the variable investment options listed below and described in the May 1, 2007 supplement to your prospectus have been temporarily postponed. Pending regulatory approval, the substitution transactions are now expected to occur on or about August 20, 2007 and November 19, 2007, respectively. The July 9, 2007 substitution of interests in the Oppenheimer Global Securities/VA (Service Class) variable investment option for interests in the UIF Global Value Equity (Share Class I) variable investment option described in the May 1, 2007 supplement to your prospectus has been cancelled. As a result, the UIF Global Value Equity (Share Class I) variable investment option will continue to be available under your contract after July 9, 2007. For more information about the substitutions, please refer to your May 1, 2007 prospectus and prospectus supplement. The substitutions of interests in the MFS Mid Cap Growth Series, MFS New Discovery Series and UIF U.S. Real Estate Portfolios will occur on or about August 20, 2007. The substitutions of interests in the AIM V.I. Basic Value Fund, AIM V.I. Mid Cap Core Equity Fund, Alger American MidCap Growth, Dreyfus IP Small Cap Stock Index, Janus Aspen Series Flexible Bond, Old Mutual Select Value, Oppenheimer Main Street Fund/VA, Alger American Balanced and MFS Total Return Portfolios will occur on or about November 19, 2007. The following is added under "The Funds" for the Surviving/New Portfolios, replacing information shown in the Prospectus for the Replaced (current) Portfolios listed below: - ------------------------------------------------------------------------------------------------------ Trust Trust/Share Class Replaced (Current) Portfolio Surviving/New Portfolio - ------------------------------------------------------------------------------------------------------ EQ Advisors Trust -- Class 1A Shares - ------------------------------------------------------------------------------------------------------ AIM V.I. MID CAP CORE EQUITY FUND (SERIES I) EQ/FI MID CAP - ------------------------------------------------------------------------------------------------------ ALGER AMERICAN MID-CAP GROWTH (CLASS O SHARES) EQ/VAN KAMPEN MID CAP GROWTH - ------------------------------------------------------------------------------------------------------ DREYFUS INVESTMENT EQ/SMALL COMPANY INDEX PORTFOLIO -- SMALL CAP STOCK INDEX PORTFOLIO (SERVICE SHARES) - ------------------------------------------------------------------------------------------------------ JANUS ASPEN SERIES FLEXIBLE BOND PORTFOLIO (INSTITUTIONAL EQ/JPMORGAN CORE BOND AND SERVICE SHARES) - ------------------------------------------------------------------------------------------------------ MFS MID CAP GROWTH SERIES (INITIAL CLASS) EQ/VAN KAMPEN MID CAP GROWTH - ------------------------------------------------------------------------------------------------------ MFS NEW DISCOVERY SERIES (INITIAL CLASS) EQ/ALLIANCEBERNSTEIN SMALL CAP GROWTH - ------------------------------------------------------------------------------------------------------ OLD MUTUAL SELECT VALUE PORTFOLIO EQ/ALLIANCEBERNSTEIN VALUE - ------------------------------------------------------------------------------------------------------ OPPENHEIMER MAIN STREET FUND/VA(SERVICE CLASS) EQ/CAPITAL GUARDIAN RESEARCH - ------------------------------------------------------------------------------------------------------ UIF U.S. REAL ESTATE (SHARE CLASS I) EQ/VAN KAMPEN REAL ESTATE - ------------------------------------------------------------------------------------------------------ MNY REAL ES. II (6/07) x01713 139254 (6/07) -NB/IF-MNY/MLA VA - ----------------------------------------------------------------------------------------------- Trust Trust/Share Class Replaced (Current) Portfolio Surviving/New Portfolio - ----------------------------------------------------------------------------------------------- EQ Advisors Trust -- Class 1B Shares - ----------------------------------------------------------------------------------------------- AIM V.I. BASIC VALUE FUND (SERIES I) EQ/BLACKROCK BASIC VALUE EQUITY - ----------------------------------------------------------------------------------------------- Franklin Templeton Variable Insurance Products Trust -- Class 2 Shares - ----------------------------------------------------------------------------------------------- ALGER AMERICAN BALANCED PORTFOLIO (CLASS O SHARES) FRANKLIN INCOME SECURITIES FUND - ----------------------------------------------------------------------------------------------- MFS TOTAL RETURN (INITIAL CLASS) FRANKLIN INCOME SECURITIES FUND - ----------------------------------------------------------------------------------------------- MONY Life Insurance Company MONY Life Insurance Company of America 1290 Avenue of the Americas New York, NY 10104 212-554-1234 2