<PAGE> 1
As filed pursuant to Rule 497
SEC File No. 002-86837
ANCHOR NATIONAL LIFE INSURANCE COMPANY
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VARIABLE SEPARATE ACCOUNT
(PORTION RELATING TO THE AMERICAN PATHWAY VARIABLE ANNUITY)
Supplement to the American Pathway Prospectus Dated May 1, 2000
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The table on page 7 of the Prospectus titled "ANNUAL OPERATING EXPENSES OF
ANCHOR PATHWAY FUND" is replaced with the following and all other assumptions
and notes remain unchanged:
<TABLE>
<CAPTION>
HIGH- U.S.
GROWTH ASSET YIELD GOVERNMENT/ CASH
GROWTH INTERNATIONAL INCOME ALLOCATION BOND AAA RATED MANAGEMENT
SERIES SERIES SERIES SERIES SERIES SERIES SERIES
------ ------------- ------------ ---------- ------ ------------ ---------
<S> <C> <C> <C> <C> <C> <C> <C>
Investment Advisory Fee
0.30% 0.60% 0.30% 0.31% 0.32% 0.33% 0.32%
Business Management Fee
0.20% 0.24% 0.20% 0.21% 0.22% 0.22% 0.22%
Other Expenses:
Custodian and trustee fees 0.03% 0.18% 0.03% 0.05% 0.07% 0.07% 0.05%
Auditing and legal fees 0.00% 0.01% 0.00% 0.03% 0.04% 0.05% 0.04%
Other Expenses 0.01% 0.01% 0.01% 0.00% 0.01% 0.00% 0.01%
Total Fund Operating Expenses 0.54% 1.04% 0.54% 0.60% 0.66% 0.67% 0.64%
</TABLE>
The tables on page 8 of the Prospectus titled "EXAMPLES" are replaced with
the following and all other assumptions and notes remain unchanged:
<TABLE>
<CAPTION>
SERIES 1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- -------- -------- --------
<S> <C> <C> <C> <C>
Growth (a) $68 (a) $109 (a) $151 (a) $221
(b) $18 (b) $59 (b) $101 (b) $221
International (a) $73 (a) $124 (a) $177 (a) $273
(b) $23 (b) $74 (b) $127 (b) $273
Growth-Income (a) $68 (a) $109 (a) $151 (a) $221
(b) $18 (b) $59 (b) $101 (b) $221
Asset Allocation (a) $69 (a) $110 (a) $154 (a) $228
(b) $19 (b) $60 (b) $104 (b) $228
High-Yield Bond (a) $70 (a) $112 (a) $157 (a) $234
(b) $20 (b) $62 (b) $107 (b) $234
U.S. Government/AAA Rated (a) $70 (a) $112 (a) $158 (a) $235
(b) $20 (b) $62 (b) $108 (b) $235
Cash Management (a) $69 (a) $112 (a) $156 (a) $231
(b) $19 (b) $62 (b) $106 (b) $231
</TABLE>
<TABLE>
<CAPTION>
SERIES 1 YEAR 3 YEARS 5 YEARS 10 YEARS
------ ------- -------- -------- --------
<S> <C> <C> <C> <C>
Growth (a) $70 (a) $112 (a) $157 (a) $232
(b) $20 (b) $62 (b) $107 (b) $232
International (a) $75 (a) $127 (a) $182 (a) $283
(b) $25 (b) $77 (b) $132 (b) $283
Growth-Income (a) $70 (a) $112 (a) $157 (a) $232
(b) $20 (b) $62 (b) $107 (b) $232
Asset Allocation (a) $71 (a) $114 (a) $160 (a) $239
(b) $21 (b) $64 (b) $110 (b) $239
High-Yield Bond (a) $71 (a) $116 (a) $163 (a) $245
(b) $21 (b) $66 (b) $113 (b) $245
U.S. Government/AAA Rated (a) $71 (a) $116 (a) $164 (a) $246
(b) $21 (b) $66 (b) $114 (b) $246
Cash Management (a) $70 (a) $115 (a) $161 (a) $241
(b) $20 (b) $65 (b) $111 (b) $241
</TABLE>
Date: July 7, 2000
Please keep this Supplement with your Prospectus.