VARIABLE SEPARATE ACCOUNT OF ANCHOR NATIONAL LIFE INSUR CO
N-4/A, 1997-05-13
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     As filed with the Securities and Exchange Commission on May 12, 1997
    
                                                     File Nos. 33-
                                                               811-07979

                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                 FORM N-4
                REGISTRATION STATEMENT UNDER THE SECURITIES
                                ACT OF 1933                     [ X ]

   
                       Pre-Effective Amendment No. 1            [ X ]
    
                       Post-Effective Amendment No.             [   ]

                                  and/or

                REGISTRATION STATEMENT UNDER THE INVESTMENT
                            COMPANY ACT OF 1940                 [ X ]
   
                              Amendment No. 1
                    (Check appropriate box or boxes)
    
                        VARIABLE SEPARATE ACCOUNT
                        (Exact Name of Registrant)

                 Anchor National Life Insurance Company
                           (Name of Depositor)

                           1 SunAmerica Center
                   Los Angeles, California 90067-6022
         (Address of Depositor's Principal Offices) (Zip Code)

           Depositor's Telephone Number, including Area Code
                            (310) 772-6000

                          Susan L. Harris, Esq.
                Anchor National Life Insurance Company
                          1 SunAmerica Center
                  Los Angeles, California 90067-6022
               (Name and Address of Agent for Service)

Title and Amount of
Securities Being                                                  Amount of 
Registered                                                    Registration Fee
- -------------------                                           ----------------
Flexible Payment     Pursuant to Rule 24f-2, the Registrant   $
Deferred Annuity     has filed an election to register an
Contracts            indefinite number of securities under
                     the Securities Act of 1933

        Approximate date of commencement of proposed public offering:
    As soon as practicable after the effective date of this registration.

The Registrant hereby amends this Registration Statement on such date or dates
as may be necessary to delay its effective date until the Registrant shall file
a further amendment which specifically states that the Registration Statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the Registration Statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.

   
This amendment (this "Amendment") to the registration statement on Form N-4 (the
"Registration Statement") is being filed under the Securities Act of 1933, as
amended, solely for the purpose of amending in the Registration Statement the
representation under Section 26(e) of the Investment Company Act of 1940, as
amended.  This Amendment does not delete, amend, or supersede any information
contained in the Registration Statement filed on April 18, 1997, except to the
extent provided herein.
    
<PAGE>
                          VARIABLE SEPARATE ACCOUNT
   
                            Cross Reference Sheet

Incorporated herein by reference to Registration Statement filed on April 18,
1997 (File No. 333-25473 and 811-03859).

<PAGE>
                             PART A - PROSPECTUS 

Incorporated herein by reference to Registration Statement filed on April 18,
1997 (File No. 333-25473 and 811-03859).

<PAGE>
                PART B - STATEMENT OF ADDITIONAL INFORMATION

Incorporated herein by reference to Registration Statement filed on April 18,
1997 (File No. 333-25473 and 811-03859).

<PAGE>
                         PART C - OTHER INFORMATION

Items  24 through 31. 
- ---------------------

Incorporated herein by reference to Registration Statement filed on April 18,
1997 (File No. 333-25473 and 811-811-03859).   


Item 32.  Undertakings
- ----------------------

     Registrant undertakes to (1) file post-effective amendments to this
Registration Statement as frequently as is necessary to ensure that the audited
financial statements in the Registration Statement are never more than 16 months
old for so long as payments under the variable annuity Contracts may be
accepted; (2) include either (A) as part of any application to purchase a
Contract offered by the prospectus forming a part of the Registration Statement,
a space that an applicant can check to request a Statement of Additional
Information, or (B) a postcard or similar written communication affixed to or
included in the Prospectus that the Applicant can remove to send for a Statement
of Additional Information; and (3) deliver any Statement of Additional
Information and any financial statements required to be made available under
this Form N-4 promptly upon written or oral request.

     Further, Anchor National undertakes to deduct mortality and expense
risk charges, distribution expense charges, withdrawal charges (contingent
deferred sales charges), contract maintenance fees and transfer fees that are
in the aggregate reasonable in relation to the services rendered, the expenses
expected to be incurred, and the risks assumed by the Company.
    

Item 33.  Representation
- ------------------------

Incorporated herein by reference to Registration Statement filed on April 18,
1997 (File No. 333-25473 and 811-811-03859).   


<PAGE>
                                  SIGNATURES

     As required by the Securities Act of 1933 and the Investment Company
Act of 1940, the Registrant has caused this Amendment to the Registration
Statement to be signed on its behalf, in the City of Los Angeles, and the State
of California, on this 12th day of May, 1997.

                              VARIABLE SEPARATE ACCOUNT
                              (Registrant)

                          By: ANCHOR NATIONAL LIFE INSURANCE COMPANY
                              (Depositor)


                          By: /s/ JAY S. WINTROB
                              ----------------------------------------
                              Jay S. Wintrob
                              Executive Vice President
                    
                          By: ANCHOR NATIONAL LIFE INSURANCE COMPANY
                              (Depositor, on behalf of itself and Registrant)


                          By: /s/ JAY S. WINTROB  
                              ----------------------------------------
                              Jay S. Wintrob
                              Executive Vice President


     As required by the Securities Act of 1933, this Amendment to the
Registration Statement has been signed by the following persons in the capacity
and on the dates indicated.


SIGNATURE                        TITLE                    DATE

 
ELI BROAD*                    President, Chief          
- ------------------------   Executive Officer and 
Eli Broad                  Chairman  of the Board
                           (Principal Executive 
                                  Officer)          
          

SCOTT L. ROBINSON*         Senior Vice President       
- ------------------------       and Director
Scott L. Robinson          (Principal Financial 
                                 Officer)      


N. SCOTT GILLIS*           Senior Vice President       
- ------------------------       and Controller
N. Scott Gillis            (Principal Accounting 
                                 Officer)    


JAMES R. BELARDI*          Director          
- ------------------------
James R. Belardi    



LORIN M. FIFE*             Director          
- ------------------------
Lorin M. Fife       



JANA W. GREER*             Director          
- ------------------------
Jana W. Greer



/s/ SUSAN L. HARRIS        Director                 May 12, 1997
- ------------------------                
Susan L. Harris     



PETER MCMILLAN*            Director         
- ------------------------
Peter McMillan      



JAY S. WINTROB*            Director       
- ------------------------
Jay S. Wintrob



JAMES W. ROWAN*            Director         
- ------------------------
James W. Rowan



JOSEPH M. TUMBLER*         Director         
- ------------------------
Joseph M. Tumbler


* By: /s/ SUSAN L. HARRIS     Attorney-in-Fact  
     ----------------------  
      Susan L. Harris

Date:  May 12, 1997


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