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Rule 497 033-58502
AMERICAN INTERNATIONAL LIFE ASSURANCE
COMPANY OF NEW YORK
VARIABLE ACCOUNT A
Supplement dated January 10, 1997 to Prospectus dated May 1, 1996.
This supplement provides information regarding the Real Estate Investment
Portfolio of the Alliance Variable Products Series Fund, Inc. (the Alliance
Fund), which is now available to contract holders. Additional information
regarding the Real Estate Investment Portfolio may be found in the prospectus
for the Alliance Fund dated December 30, 1996 which sets forth disclosure
regarding this Portfolio. The Alliance Fund prospectus is enclosed with this
Prospectus.
This Supplement amends the contents of the Prospectus, under the headings
indicated as follows:
SUMMARY OF EXPENSES
Total Portfolio Annual Expense after reimbursement, for the Real Estate
Investment Portfolio, is 0.95%. In absence of this reimbursement, it is
estimated that the annual expenses for the Real Estate Investment Portfolio
would have been 1.90% (0.90% Management Fees and 1.00% Other Expenses)
Expenses on a hypothetical $1,000, assuming 5% growth:
If you surrender 1 Year 3 Years 5 Years 10Years
------- ------- ------- -------
$80 $114 $149 $275
If you Annuitize $24 $75 $129 $275
or if you do not
surrender
ALLIANCE VARIABLE PRODUCT SERIES FUND, INC.
Real Estate Investment Portfolio
This Portfolio seeks a total return on its assets from long-term growth
of capital and from income principally through investing in a portfolio of
equity securities of issuers that are primarily engaged in or related to the
real estate industry.
THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS FOR
VARIABLE ACCOUNT A DATED MAY 1, 1996 AND THE ALLIANCE FUND PROSPECTUS
DATED DECEMEBER 30, 1996.
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