Supplement to Prospectus Dated May 1, 2000 and Revised
Effective July 3, 2000 Supplement dated September 25, 2000
This Supplement should be retained with the current Prospectus for your variable
immediate annuity contract issued by American Skandia Life Assurance Corporation
("American Skandia"). If you do not have a current prospectus, please contact
American Skandia at 1-800-SKANDIA.
RYDEX/PROFUNDS 'CUT-OFF' TIMES
The following paragraph replaces the corresponding paragraph under the "Managing
Your ANNUITY" section in your Annuity prospectus:
MAY I AUTHORIZE MY FINANCIAL REPRESENTATIVE TO MANAGE MY ACCOUNT?
We may also establish different "cut-off times" by which we must receive all
financial transactions for certain underlying portfolios. Currently, the
portfolios of Rydex Variable Trust and ProFund VP are subject to this
restriction. Financial transactions involving a Rydex or ProFund VP Sub-account
must be received by us no later than one hour prior to any announced closing
time of the applicable securities exchange (generally, 3:00 p.m. Eastern time)
to be processed on the current Valuation Day. For transactions submitted
electronically through American Skandia's Internet website
(americanskandia.com), the "cut-off" time for financial transactions involving a
Rydex or ProFund VP Sub-account will be extended to 1/2 hour prior to any
announced closing (generally, 3:30 p.m. Eastern time). If you request a
transaction involving the purchase or redemption of Units in one of the Rydex or
ProFund VP Sub-accounts after the applicable "cut-off" time, we will deem your
request as received by us on the next Valuation Day. You may be required to
submit a new request on the following day.
VIAT & VIAS/G-SUPP. (09/25/2000) VIASUPP900
