Lincoln Benefit Life Company
                  Lincoln Benefit Life Variable Annuity Account

                       Supplement, dated February 2, 2004,
                                     to the
                         Prospectus, dated May 1, 2003,
             for the Lincoln Benefit Life Advantage Variable Annuity


This supplement amends the May 1, 2003,  prospectus for the Lincoln Benefit Life
Advantage variable annuity contract ("Contract") offered by Lincoln Benefit Life
Company.  Please keep this  supplement for future  reference  together with your
prospectus.

Effective February 14, 2004, the Income Benefit Rider will no longer be offered,
except in a limited number of states.  If you purchase a Contract with an Income
Benefit Rider prior to February 14, 2004,  your Income Benefit Rider will not be
affected.  All  references  in the  prospectus  to the Income  Benefit Rider are
updated accordingly.