Aetna Income Shares d/b/a
AETNA BOND VP
Supplement dated August 14, 1998
The information in this Supplement updates and amends the information contained
in the Prospectus dated May 1, 1998. This Supplement should be read with that
Prospectus.
Effective August 3, 1998, the following replaces the section entitled
"Management of the Fund--Portfolio Management" on pages 9 and 10:
Portfolio Manager Steven C. Huber, Managing Director, Aeltus, began managing
the Fund in August, 1998. Mr. Huber joined Aetna in 1987 as a quantitative
analyst and has been managing fixed income portfolios since 1989.
The following replaces the reference to "Transfer, Dividend Disbursing and
Redemption Agent" on the back cover of the Prospectus:
TRANSFER, DIVIDEND DISBURSING
AND REDEMPTION AGENT
First Data Investors Services Group, Inc.
4400 Computer Drive
Westborough, Massachusetts 01581
X.Aetna-98-1 August 1998
