<PAGE>
[Sage Asset I Supplement]
SUPPLEMENT DATED JUNE 5, 2000 TO PROSPECTUS
DATED MAY 1, 2000
FOR THE SAGE VARIABLE ANNUITY ACCOUNT A
As of the date of this supplement, we are making these changes to your Sage
prospectus.
On page 21, please add the following at the end of the provision entitled
Annual Administration Charge:
For Contracts issued from June 5, 2000 through September 30, 2000, we are
eliminating this charge for the first Contract Year. For Contracts issued
before June 5, 2000, we are eliminating this charge for their Contract Year
Anniversaries occurring between June 5, 2000, and June 4, 2001.
SAGE LIFE ASSURANCE OF AMERICA, INC.
300 ATLANTIC STREET
STAMFORD, CT 06901
