Style Select Series
Supplement to Prospectus dated March 2, 1998
The following information supplements the Prospectus dated March
2, 1998:
Asset Protection Plan (optional)
Anchor National Life Insurance Company (the "Life Company")
offers an Asset Protection Plan to certain investors in the
Portfolios. The benefits of this optional coverage payable at
death will be related to the amounts paid to purchase Portfolio
shares and to the value of the Portfolio shares held for the
benefit of the insured persons. However, to the extent such
purchased shares are redeemed prior to death, coverage with
respect to such shares will terminate.
Purchasers of the Asset Protection Plan are required to authorize
periodic redemptions of Portfolio shares to pay the premiums for
such coverage. Such redemptions will not be subject to contingent
deferred sales charges, but will have the same tax consequences
as any other Portfolio redemptions.
The Asset Protection Plan will be available to eligible persons
who enroll for the coverage within a limited time period after
shares in any Portfolio are initially purchased or transferred.
In addition, coverage cannot be made available unless the Life
Company knows for whose benefit shares are purchased. For
instance, coverage cannot be made available for shares registered
in the name of your broker unless the broker provides the Life
Company with information regarding the beneficial owners of such
shares. In addition, coverage is available only to shares
purchased on behalf of natural persons under the age of 75 years;
coverage is not available with respect to shares purchased for a
retirement account. Other restrictions on the coverage apply.
This coverage may not be available in all states and may be
subject to additional restrictions or limitations. Purchasers of
shares should also make themselves familiar with the impact on
the Asset Protection Plan coverage of purchasing additional
shares, reinvestment of dividends and capital gains distributions
and redemptions.
The Life Company is affiliated with the Manager and the
Distributor.
Please call 1-800-858-8850 for more information, including the
cost of the Asset Protection Plan option.
March 3, 1998
