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AMERICAN GENERAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT VL-R
PLATINUM INVESTOR(SM) SURVIVOR
LAST SURVIVOR FLEXIBLE PREMIUM
VARIABLE LIFE INSURANCE POLICY
SUPPLEMENT DATED MAY 5, 2000
TO
PROSPECTUS DATED FEBRUARY 10, 2000
Effective May 5, 2000, American General Life Insurance Company ("AGL") is
amending the prospectus for the sole purpose of reflecting the name changes of
the investment options made by AIM, Morgan Stanley Dean Witter, and SAFECO.
On Page 1 of the Prospectus, the entire section beginning with "Investment
Options" is deleted in its entirety and replaced with the following:
Investment Options. The AGL declared fixed interest account is the fixed
investment option for these Policies. You may also use AGL's Separate Account
VL-R ("Separate Account") to invest in the following variable investment options
and change your selections from time to time:
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<S> <C> <C> <C>
AIM VARIABLE INSURANCE AMERICAN GENERAL SERIES DREYFUS VARIABLE MFS VARIABLE INSURANCE
FUNDS PORTFOLIO COMPANY INVESTMENT FUND TRUST
.AIM V.I. International .International Equities .Quality Bond Portfolio .MFS Emerging Growth
Equity Fund Fund .Small Cap Portfolio Series
.AIM V.I. Value Fund .MidCap Index Fund
.Money Market Fund
.Stock Index Fund
A I M Advisors, Inc.* The Variable Annuity Life The Dreyfus Massachusetts Financial
Insurance Company* Corporation* Services Company*
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THE UNIVERSAL PUTNAM VARIABLE TRUST SAFECO RESOURCE VAN KAMPEN LIFE
INSTITUTIONAL FUNDS, INC. .Putnam VT Diversified SERIES TRUST INVESTMENT TRUST
.Equity Growth Portfolio/1/ Income Fund .Equity Portfolio .Strategic Stock Portfolio
.High Yield Portfolio/2/ .Putnam VT Growth .Growth Opportunities
and Income Fund Portfolio
.Putnam VT International
Growth and Income Fund
/1/Morgan Stanley Asset SAFECO Asset
Management Inc.* Putnam Investment Management Van Kampen Asset
/2/Miller Anderson & Management, Inc.* Company* Management Inc.*
Sherrerd, LLP*
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*The Investment Adviser of the investment option
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ON PAGE 10 OF THE PROSPECTUS, THE ENTIRE SECTION UNDER "THE MUTUAL FUNDS' ANNUAL
EXPENSES" IS DELETED IN ITS ENTIRETY AND REPLACED WITH THE FOLLOWING:
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THE MUTUAL FUNDS' ANNUAL EXPENSES/1/ (as a percentage of average net assets)
FUND TOTAL FUND
MANAGEMENT OTHER FUND OPERATING
FEES (AFTER OPERATING EXPENSES EXPENSES (AFTER
EXPENSE 12B-1 (AFTER EXPENSE EXPENSE
NAME OF FUND REIMBURSEMENT) FEES REIMBURSEMENT) REIMBURSEMENT)
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The following funds of AIM VARIABLE
INSURANCE FUNDS:/1/
AIM V.I. International Equity Fund 0.75% 0.16% 0.91%
AIM V.I. Value Fund 0.61% 0.05% 0.66%
The following funds of AMERICAN
GENERAL SERIES PORTFOLIO COMPANY:/1/
International Equities Fund 0.35% 0.05% 0.40%
MidCap Index Fund 0.32% 0.04% 0.36%
Money Market Fund 0.50% 0.04% 0.54%
Stock Index Fund 0.27% 0.04% 0.31%
The following funds of DREYFUS VARIABLE
INVESTMENT FUND:/1/
Quality Bond Portfolio 0.65% 0.08% 0.73%
Small Cap Portfolio 0.75% 0.02% 0.77%
The following series of MFS VARIABLE
INSURANCE TRUST:/1/
MFS Emerging Growth Series 0.75% 0.10% 0.85%
The following portfolios of THE UNIVERSAL
INSTITUTIONAL FUNDS, INC.:/1/
Equity Growth Portfolio /2/ 0.09% 0.76% 0.85%
High Yield Portfolio /2/ 0.15% 0.65% 0.80%
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FUND TOTAL FUND
MANAGEMENT OTHER FUND OPERATING
FEES (AFTER OPERATING EXPENSES EXPENSES (AFTER
EXPENSE 12B-1 (AFTER EXPENSE EXPENSE
NAME OF FUND REIMBURSEMENT) FEES REIMBURSEMENT) REIMBURSEMENT)
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The following portfolios of PUTNAM
VARIABLE TRUST: Class "IB" Funds:
Putnam VT Diversified Income Fund /3/ 0.50% 0.11% 0.08% 0.69%
Putnam VT Growth and Income Fund /3/ 0.35% 0.11% 0.03% 0.49%
Putnam VT International Growth 0.59% 0.11% 0.14% 0.84%
and Income Fund /3/
The following portfolios of SAFECO
RESOURCE SERIES TRUST:/1/
Equity Portfolio 0.74% 0.04% 0.78%
Growth Opportunities Portfolio 0.74% 0.06% 0.80%
The following portfolio of VAN KAMPEN
LIFE INVESTMENT TRUST /1/
Strategic Stock Portfolio /2/ 0.00% 0.65% 0.65%
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/1/The Mutual Funds' advisers or administrators have entered into arrangements
under which they pay certain amounts to AGL. The fees do not have a direct
relationship to the Mutual Funds' Annual Expenses, and do not increase the
amount of charges you pay under your Policy. (See "Certain arrangements.")
/2/For the Funds indicated, management fees and other expenses as shown for
fiscal year 1998 would have been the percentages shown below without certain
voluntary expense reimbursements from the investment adviser. Current and
future fees and expenses may vary from the fiscal year 1998 fees and expenses.
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Management Other Total
Fees Expenses Annual Expenses
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THE UNIVERSAL INSTITUTIONAL
FUNDS, INC.
Equity Growth Portfolio 0.55% 0.76% 1.31%
High Yield Portfolio 0.50% 0.65% 1.15%
VAN KAMPEN LIFE INVESTMENT
TRUST
Strategic Stock Portfolio 0.50% 0.75% 1.25%
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No other Funds received any such reimbursements.
/3/The prospectus for Putnam Variable Trust under "Distribution plan" discusses
this 12b-1 fee.
