Anchor Series Trust
Supplement to the Prospectus dated April 1, 1998
On January 1, 1999, SunAmerica Inc., pursuant to the terms of
an agreement entered into with American International Group,
Inc. ("AIG"), merged with and into AIG, and consequently,
SunAmerica Asset Management Corp. ("SAAMCo"), which acts as
investment adviser of Anchor Series Trust (the "Trust"),
became an indirect wholly owned subsidiary of AIG. In
connection therewith, on December 30, 1998, shareholders
approved a new investment advisory and management agreement
with SAAMCo, and a new subadvisory agreement between SAAMCo
and Wellington Management Company, LLP, each to take effect
on January 1st. The new agreements have no effect on the
fees or expenses payable by the Trust or its shareholders.
At the December 30, 1998 meeting, shareholders of the Natural
Resources Portfolio also approved the revocation of the
Portfolio's concentration policy. Accordingly, the Portfolio
is no longer required to invest more than 25% of its total
assets in securities of companies in gold-related industries.
Dated: January 4, 1999
