SUPPLEMENT DATED JULY 31, 1998
TO PROSPECTUS
DATED JULY 1, 1998
for
FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS
issued by
AMERICAN EQUITY INVESTMENT LIFE INSURANCE COMPANY
At page 13, in the section titled "Description of Annuity
Contract," the first sentence describing the "Issuance of a
Contract" is replaced with the following:
In order to purchase a Contract, application must be
made to the Company through a licensed representative of
the Company, who is also a registered representative of
a broker-dealer having a selling agreement with
EquiTrust Marketing Services, Inc. (formerly FBL
Marketing Services, Inc.), the distributor and principal
underwriter of the Contracts, or a broker-dealer having
a selling agreement with such broker-dealer.
At page 30, in the section titled "Distribution of the
Contracts," the third sentence is replaced with the following:
Applications for Contracts are solicited by agents who
are licensed by applicable state insurance authorities
to sell the Company's variable annuity contracts and who
are also registered representatives of broker-dealers
having selling agreements with EquiTrust Marketing
Services, Inc. (formerly FBL Marketing Services, Inc.),
distributor and principal underwriter of the Contracts
or broker-dealers having selling agreements with such
broker-dealer.
