ANCHOR SERIES TRUST
497, 1995-08-04
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                       Anchor Series Trust
                                 
       Supplement to the Prospectus dated February 28, 1995


          The fourth and fifth paragraphs of the section entitled
"Portfolio Management" on page 25 of the Prospectus have been
replaced as follows:

          WMC's Growth Investment Team, comprised of Frank V.
     Wisneski, Senior Vice President; Matthew E. Megargel,
     Senior Vice President; and John J. Harrington, Vice
     President, has been responsible for managing the Growth
     Portfolio since 1995.


          The tenth and eleventh paragraphs of the section entitled
"Portfolio Management" on page 25 of the Prospectus have been
replaced as follows:

          Thomas L. Pappas has served as the portfolio manager
     for the Target  98 Portfolio since 1992 and the Fixed
     Income Portfolio since 1995.  Mr. Pappas is a Vice
     President of WMC and joined the company in 1987.


August 4, 1995<PAGE>
                       Anchor Series Trust
                                 
       Supplement to the Prospectus dated February 28, 1995
 (as contained in the Polaris Prospectus dated February 28, 1995)


          The third and fourth paragraphs of the section entitled
"Portfolio Management" on page 13 of the Prospectus have been
replaced as follows:

          WMC's Growth Investment Team, comprised of Frank V.
     Wisneski, Senior Vice President; Matthew E. Megargel,
     Senior Vice President; and John J. Harrington, Vice
     President, has been responsible for managing the Growth
     Portfolio since 1995.


August 4, 1995


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