VARIABLE ANNUITY ACCOUNT C
Aetna Life Insurance and Annuity Company
Supplement Dated November 1, 2000
to Statement of Additional Information dated May 1, 2000,
as Amended by Supplement Dated August 21, 2000
The information in this supplement updates and amends certain information
contained in the Statement of Additional Information dated May 1, 2000, as
amended by Supplement dated August 21, 2000. You should read this
supplement along with the Statement of Additional Information.
1. The following information replaces the information in the section entitled
PERFORMANCE DATA -- Average Annual Total Return Quotations -- Standardized and
Non-Standardized" located on page 4 of the Statement of Additional Information:
Average Annual Total Return Quotations -- Standardized and Non-Standardized
The tables below reflect the average annual standardized and
non-standardized total return quotation figures for the periods ended
December 31, 1999 for the subaccounts under the contracts. Table A below
reflects the figures for the subaccounts available under HR 10 contracts.
The standardized returns for HR 10 contracts assume a mortality and expense
risk charge of 1.25%, an administrative expense charge of 0.25%, a $30
annual maintenance fee and an early withdrawal charge for ten years. Table
B reflects the figures for the subaccounts available under Corporate 401
contracts. The standardized returns for Corporate 401 contracts assume a
mortality and expense risk charge of 1.19%, a $30 annual maintenance fee
and an early withdrawal charge for ten years. The non-standardized returns
assume the same charges but do not include the early withdrawal charge.
For the subaccount funded by the Portfolio Partners portfolio, two sets of
performance returns are shown for each subaccount: one showing performance
based solely on the performance of the Portfolio Partners portfolio from
November 28, 1997, the date the Portfolio commenced operations; and one
quotation based on (a) performance through November 26, 1997 of the fund it
replaced under many contracts and; (b) after November 26, 1997, based on
the performance of the Portfolio Partners portfolio.
For those subaccounts where results are not available for the full calendar
period indicated, performance for such partial periods is shown in the
column labeled "Since Inception." For standardized performance, the "Since
Inception" column shows the average annual return since the date
contributions were first received in the fund under the separate account.
For non-standardized performance, the "Since Inception" column shows
average annual total return since the fund's inception date.
<PAGE>
2. The following information replaces the information in Table A located on page
5 of the Statement of Additional Information:
Table A
HR10 CONTRACTS
<TABLE>
<CAPTION>
Date Contributions
First Received Under
STANDARDIZED the Separate Account
----------------------------------------- ----------------------
Since
SUBACCOUNT 1 Year 5 Year 10 Year Inception*
---------- ------- ------- -------- -----------
<S> <C> <C> <C> <C> <C>
Aetna Balanced VP, Inc. (1) 6.29% 16.23% 11.56%
Aetna Bond VP(1) (7.13%) 4.84% 6.09%
Aetna Growth and Income VP(1) 9.86% 20.66% 13.78%
Aetna Money Market VP(1)(2) (1.69%) 3.04% 3.73%
PPI MFS Research Growth Portfolio 16.06% 16.59% 11/28/1997
American Century VP Capital Appreciation/PPI MFS Research 16.06% 10.56% 9.44% 08/31/1992
Growth(3)
</TABLE>
<TABLE>
<CAPTION>
Fund
Inception
NON-STANDARDIZED Date
----------------------------------------------- ----------------
Since
SUBACCOUNT 1 Year 3 Years 5 Years 10 Years Inception**
---------- ------ ------- ------- -------- --------- ----------------
<S> <C> <C> <C> <C> <C> <C>
Aetna Balanced VP, Inc. (1) 11.89% 15.84% 17.18% 11.56%
Aetna Bond VP(1) (2.25%) 3.56% 5.70% 6.09%
Aetna Growth and Income VP(1) 15.65% 18.60% 21.65% 13.78%
Aetna Money Market VP(1)(2) 3.49% 3.74% 3.89% 3.73%
PPI MFS Research Growth Portfolio 22.17% 19.49% 11/28/1997
American Century VP Capital Appreciation/ PPI MFS Research 22.17% 12.25% 11.47% 9.16%
Growth(3)
</TABLE>
Please refer to the discussion preceding the tables for an explanation of the
charges included and methodology used in calculating the standardized and
non-standardized figures. These figures represent historical performance and
should not be considered a projection of future performance.
* Reflects performance from the date contributions were first received in the
fund under the separate account.
** Reflects performance from the fund's inception date.
(1) These funds have been in operation and available through the separate
account for more than ten years.
(2) The current yield for the subaccount for the seven-day period ended
December 31, 1999 (on an annualized basis) was 4.27%. Current yield more
closely reflects current earnings than does total return. The current yield
reflects the deduction of the mortality and expense risk charge and the
maintenance fee but does not reflect the deduction of the maximum 5% early
withdrawal charge.
(3) The fund first listed was replaced with the applicable Portfolio Partners
Portfolio after the close of business on November 26, 1997. The performance
shown is based on the performance of the replaced fund until November 26,
1997, and the performance of the applicable Portfolio Partners Portfolio
after that date. The replaced fund may not have been available under all
contracts. The "Date Contributions First Received Under the Separate
Account" and the "Fund Inception Date" refer to the applicable date for the
replaced fund. If no date is shown, contributions were first received in
the replaced fund under the separate account more than ten years ago in the
standardized table or the replaced fund has been in operation for more than
ten years in the non-standardized table.
X.SAI75980-00
