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As filed pursuant to Rule 497
under the Securities Act of 1940
Registration No. 333-65965
ANCHOR NATIONAL LIFE INSURANCE COMPANY
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VARIABLE SEPARATE ACCOUNT
SUPPLEMENT TO THE POLARIS II PROSPECTUS
DATED JULY 5, 2000
SUPPLEMENT TO THE POLARIS II (FEATURING PRINCIPAL REWARDS) PROSPECTUS
DATED JULY 5, 2000
VARIABLE ANNUITY ACCOUNT SEVEN
SUPPLEMENT TO THE POLARIS II A-CLASS PROSPECTUS
DATED JULY 5, 2000
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The following information supplements the Portfolio Expenses table in
the Prospectus as a footnote to the CAPITAL APPRECIATION VARIABLE PORTFOLIO (the
"Variable Portfolio") of the Anchor Series Trust:
On May 18, 2000, the Board of Trustees of Anchor Series Trust (the
"Trust") approved an increase in the underlying management fees which would have
resulted in an increase in the investment charges for the Variable Portfolio for
the most recent calendar year from 0.67% to 0.74%.
This fee change is subject to approval of contractholders invested in
the Variable Portfolio as of May 19, 2000. Contractholders who invested in the
Variable Portfolio after May 19, 2000, are not eligible to vote on the approval
of the revised fees.
DATE: JULY 17, 2000
PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS.
