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As filed pursuant to Rule 497(e)
under the Securities Act of 1940
Registration No. 333-63511
ANCHOR NATIONAL LIFE INSURANCE COMPANY
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VARIABLE ANNUITY ACCOUNT SEVEN
SUPPLEMENT TO THE POLARIS PLUS PROSPECTUS
DATED SEPTEMBER 1, 2000
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As of January 31, 2001, the following replaces the DOLLAR COST AVERAGING section
of the Profile and becomes the paragraph directly before the sub-heading
Confirmations and Quarterly Statements:
"DOLLAR COST AVERAGING: If selected by you and allowed by any applicable
plan, this program allows you to invest gradually in the variable
portfolios from any of the other variable portfolios, the 1-year MVA fixed
account option, and under certain circumstances the 6-month or the 1-year
DCA fixed account options.
As of January 31, 2001, the following is deleted from the first sentence of the
first paragraph of the DOLLAR COST AVERAGING ("DCA") section of the Prospectus
on page 11:
"or the non-DCA fixed account options"
As of January 31, 2001, the following is deleted from the second sentence of the
second paragraph of the DOLLAR COST AVERAGING ("DCA") section of the Prospectus
on page 11.
"or the non-DCA fixed accounts"
Effective December 29, 2000, the Cash Management Portfolio manager changed from
SunAmerica Asset Management Inc. to Banc of America Capital Management Inc. This
change will not result in any modifications to the portfolio's principal
investment goal or fundamental investment policies. All references in the
Prospectus and the Statement of Additional Information to the Cash Management
Portfolio manager shall be changed to Banc of America Capital Management Inc.
Furthermore, the Investment Management fees will be unchanged at .53% of average
net assets after reimbursement or waiver of expenses for the Trust's fiscal year
ended January 31, 2000.
Date: December 29, 2000
Please keep this supplement with your Prospectus.
