AETNA INCOME SHARES
DEFA14A, 2000-10-31
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OCTOBER 2000

RE:      AETNA VARIABLE FUNDS PROXY

DEAR AETNA CUSTOMER:

According  to our  records,  you own an interest in one or more of the  funds(1)
listed below through multiple accounts registered in your name.

              AETNA GET FUND                 AETNA VARIABLE PORTFOLIOS, INC.
         Aetna GET Fund, Series C                    Aetna Growth VP
         Aetna GET Fund, Series D                 Aetna International VP
         Aetna GET Fund, Series E                 Aetna Small Company VP
         Aetna GET Fund, Series G               Aetna Value Opportunity VP
         Aetna GET Fund, Series H                  Aetna Technology VP
         Aetna GET Fund, Series I             Aetna Index Plus Large Cap VP
         Aetna GET Fund, Series J              Aetna Index Plus Mid Cap VP
         Aetna GET Fund, Series K             Aetna Index Plus Small Cap VP

         AETNA BALANCED VP, INC.            AETNA GENERATION PORTFOLIOS, INC.
                                                     Aetna Ascent VP
     Aetna Variable Encore Fund d/b/a              Aetna Crossroads VP
          AETNA MONEY MARKET VP                      Aetna Legacy VP

        Aetna Income Shares d/b/a               Aetna Variable Fund d/b/a
              AETNA BOND VP                          AETNA GROWTH AND
                                                        INCOME VP

These funds are currently the subject of a proxy solicitation. Enclosed you will
find a proxy statement, as well as ONE authorization card. Although you may have
an  interest  in each fund  through one or more  accounts,  you are  receiving a
single  proxy  statement  and  authorization   card.  Please  use  the  enclosed
authorization  card to direct the votes  attributable  to your  interest in each
Aetna Variable fund for all of the accounts  registered in your name. EVERY VOTE
IS IMPORTANT.  PLEASE RETURN YOUR COMPLETED  AUTHORIZATION  CARD IN THE ENCLOSED
POSTAGE-PAID ENVELOPE.

If you have  questions  regarding this proxy  solicitation,  please contact your
local Aetna  representative.  IF YOU WOULD LIKE MORE DETAILED  INFORMATION ABOUT
THE SPECIFIC  AETNA VARIABLE  FUNDS OR THE NUMBER OF VOTES  ATTRIBUTABLE  TO THE
ACCOUNTS  REGISTERED IN YOUR NAME,  PLEASE  CONTACT  SHEILA  LITCHFIELD AT (860)
273-0494, OR SHARON MCGARRY AT (860) 273-8739.

[FN]
(1)  EACH IS A FUND, AND COLLECTIVELY REPRESENTS AETNA VARIABLE FUNDS.
</FN>

       AETNA FINANCIAL SERVICES, 151 FARMINGTON AVE., HARTFORD, CT 06156

<PAGE>


                                                                   PRIORITY MAIL
                                     ADDRESS SERVICE REQUESTED     U.S. POSTAGE
From:                                                                  PAID
PROXY TABULATOR                                                       PROXY
P.O. BOX 9132                                                        TABULATOR
HINGHAM, MA 02043-9132

                                                                   PRIORITY MAIL


<PAGE>


        Please fold and detach card at perforation below before mailing.

AETNA LIFE INSURANCE AND ANNUITY COMPANY    THIS AUTHORIZATION CARD IS SOLICITED
AETNA INSURANCE COMPANY OF AMERICA          ON BEHALF OF THE BOARD OF EACH FUND.
AETNA VARIABLE FUNDS                     VARIABLE ANNUITY ACCOUNTS B, C, D and I
                                                  VARIABLE LIFE ACCOUNTS B and C

IF THIS AUTHORIZATION CARD IS PROPERLY EXECUTED AND RETURNED, YOUR INTEREST WILL
BE VOTED IN THE MANNER DIRECTED  HEREIN BY YOU, THE UNDERSIGNED  CONTRACT HOLDER
UNDER A VARIABLE  ANNUITY OR VARIABLE LIFE CONTRACT FUNDED BY A SEPARATE ACCOUNT
OF EITHER AETNA LIFE INSURANCE AND ANNUITY COMPANY  ("ALIAC") OR AETNA INSURANCE
COMPANY  OF  AMERICA  (COLLECTIVELY,   "AETNA").  IF  YOU  DO  NOT  RETURN  THIS
AUTHORIZATION  CARD,  AETNA  WILL  VOTE THE  FUND  SHARES  ATTRIBUTABLE  TO YOUR
INTEREST  IN  EACH  SEPARATE  ACCOUNT  (EXCEPT  ACCOUNT  D),  FOR,  AGAINST,  OR
ABSTAINING,  IN THE SAME PROPORTION AS THE SHARES FOR WHICH VOTING  INSTRUCTIONS
HAVE BEEN  RECEIVED  FROM  OTHER  CONTRACT  HOLDERS.  ALIAC WILL ONLY VOTE THOSE
SHARES OF EACH FUND  ATTRIBUTABLE  TO  SEPARATE  ACCOUNT D FOR WHICH IT RECEIVES
INSTRUCTIONS.  IF YOU RETURN THE AUTHORIZATION  CARD BUT DO NOT MARK YOUR VOTING
INSTRUCTIONS  ON THE REVERSE  SIDE,  AETNA IS  INSTRUCTED  TO VOTE THE  SEPARATE
ACCOUNT INTEREST "FOR" THE PROPOSALS.

                                   Dated: _______________________________ , 2000

                                   Please sign  exactly as name  appears on this
                                   card.  When  the  account  is in the  name of
                                   joint tenants,  all should sign. When signing
                                   as  administrator,  trustee,  plan sponsor or
                                   guardian, please give title. If a corporation
                                   or partnership,  sign in entity's name and by
                                   authorized persons.


                                   ---------------------------------------------
                                   (Signature(s) of Contract Holder)
                                                        AETNA VARIABLE HOUSEHOLD


<PAGE>


        Please fold and detach card at perforation below before mailing.

This  authorization  card is solicited in connection with the special meeting of
the  shareholders  of each  Fund to be held at  10:00  a.m.,  Eastern  Time,  on
November 22, 2000, and at any adjournment or postponement  thereof (the "Special
Meeting").  Please refer to the Proxy  Statement for a discussion of the matters
to be voted upon at the Special Meeting.  THIS AUTHORIZATION CARD, WHEN PROPERLY
EXECUTED,  DIRECTS AETNA TO VOTE THE INTEREST OF THE CONTRACT  HOLDER(S) SIGNING
ON THE REVERSE SIDE IN THE SHARES OF THE FUND(S) HELD IN THE SEPARATE ACCOUNT AT
THE SPECIAL MEETING AND AT ANY ADJOURNMENT OR POSTPONEMENT THEREOF IN THE MANNER
DIRECTED  BELOW  WITH  RESPECT  TO  THE  MATTERS  DESCRIBED  IN THE  NOTICE  AND
ACCOMPANYING   PROXY   STATEMENT   FOR  SAID   MEETING  AND  REVOKES  ALL  PRIOR
AUTHORIZATION CARDS.

Please vote by filling in the appropriate  boxes below, as shown,  using blue or
black ink or dark pencil. Do not use red ink.

         Example:       [ ]  [box is filled in solidly]

<TABLE>
<CAPTION>
<S>                                                                             <C>          <C>             <C>

THE BOARD OF EACH FUND RECOMMENDS THAT YOU VOTE "FOR" EACH PROPOSAL.            FOR          WITHHOLD        FOR ALL
                                                                                                             EXCEPT

1.   To elect 8 Board members to serve until their successors are               ______         ______         ______
     elected and qualified: Albert E. DePrince, Jr.  J. Scott Fox
     John Y. Kim           Corine T. Norgaard        Maria T. Fighetti
     David L. Grove        Sidney Koch               Richard G. Scheide
     INSTRUCTION: TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL
     NOMINEE, MARK THE "FOR ALL EXCEPT" BOX AND WRITE THE NAME(S) OF THE
     NOMINEE(S) ON THE LINE BELOW.
                                                                                FOR          AGAINST         ABSTAIN
     ------------------------------------------------------------------
2.   To approve a new Investment Advisory Agreement between the Fund and        ______       ______          ______
     Aeltus Investment Management, Inc. ("Aeltus");
3.   (FOR CONTRACT HOLDERS WITH INTERESTS IN AETNA TECHNOLOGY VP ONLY)          ______       ______          ______
     To approve a new Subadvisory Agreement among Aetna Technology VP,
     Aeltus and Elijah Asset Management, LLC;
4.   (FOR CONTRACT HOLDERS WITH INTERESTS IN AETNA VARIABLE ENCORE FUND         ______       ______          ______
     D/B/A AETNA MONEY MARKET VP, AETNA INCOME SHARES D/B/A AETNA BOND VP,
     AETNA VARIABLE  FUND D/B/A AETNA GROWTH AND INCOME VP AND THE SERIES
     OF AETNA GET FUND ONLY) To approve an amendment to the Fund's
     Declaration of Trust; and
5.   To ratify the selection of KPMG LLP as independent  auditors for the
     fiscal year ending December 31, 2001.

IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
INCLUDING  ANY  ADJOURNMENT  OF THE  MEETING,  AS MAY  PROPERLY  COME BEFORE THE
MEETING.

</TABLE>

AETNA VARIABLE HOUSEHOLD



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