Anchor Series Trust
Supplement to the Prospectus dated April 20, 2000
The following supplements the information with respect to the Capital
Appreciation Portfolio under the AMANAGEMENT@ section on page 17 of the
Prospectus:
At the May 18, 2000 meeting of the Board of Trustees (the ABoard@) of Anchor
Series Trust, the Board approved, subject to shareholders approval, an
increase in the subadvisory fee payable to Wellington Management Company, LLP
(Wellington) by SunAmerica Asset Management Corp. (SAAMCo) and a
corresponding increase in the advisory fee payable to SAAMCo by the Portfolio
with respect to the Capital Appreciation Portfolio (the Portfolio). If
approved, the new annual advisory and subadvisory fees for the
Portfolio, based on average daily net assets, will be as follows:
Advisory Fee to SAAMCo Subadvisory Fee to Wellington
.750% on first $250 million .375% on first $50 million
.725% on next $250 million .275% on next $100 million
.700% over $500 million .250% over $150 million
The Board has scheduled a meeting of the Portfolio=s shareholders to
take place on July 19, 2000 for the purpose of voting on the approval of
the new advisory and subadvisory fees. Shareholders who were beneficial
owners of the Portfolio as of May 19, 2000 (the Record Date) are to eligible
to vote and will be receiving further information about the shareholder
meeting in the mail. Shareholder who became beneficial owners of the
Portfolio after the Record Date are not be eligible to vote on the approval
of the revised fees, however they will receive notification of the results
of the shareholder meeting.
Dated: June 7, 2000
