AMERICAN INTERNATIONAL LIFE ASSURANCE COMPANY OF NEW YORK
VARIABLE ACCOUNT A
SUPPLEMENT DATED JULY 21, 1998, TO THE INDIVIDUAL AND GROUP SINGLE PREMIUM AND
FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACTS PROSPECTUS DATED JULY 4,
1998.
This Supplement provides information regarding a change in the investment
options available under the Contract. The International Portfolio of the
ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC. ("Alliance") is available to
Contract Owners in addition to the Alliance Portfolios offered in the
Prospectus.
This Supplement amends the contents of the Prospectus, under the
headings indicated, as follows:
SUMMARY OF EXPENSES
Annual Fund Expenses After Expense Reimbursements
Total
Management Other Portfolio
Portfolio Fee Expenses* Expenses**
International Portfolio 0.53 0.42 0.95
* "Other Expenses" are based upon the expenses outlined under the section
entitled "Management of the Fund" in the Fund's Prospectus.
** "Total Portfolio Expenses" for the International Portfolio before
reimbursement was 1.42%.
Expenses on a hypothetical $1,000 policy, assuming 5% growth:
If you surrender
Portfolio 1 Year 3 Years 5 Years 10 Years
International Portfolio 78 120 165 275
If you annuitize or if you do not surrender
Portfolio 1 Year 3 Years 5 Years 10 Years
International Portfolio 24 75 129 275
<TABLE>
CONDENSED FINANCIAL INFORMATION
ACCUMULATION UNIT VALUES*
<S> <C> <C> <C> <C> <C> <C>
1997 1996 1995 1994 1993 1992
INTERNATIONAL PORTFOLIO 12.92 12.22 11.27 10.69 10.00 N/A
13.17 12.92 12.22 11.27 10.69 N/A
612,030.95 525,023.12 228,254.81 122,616.95 22,441.08 N/A
</TABLE>
*Funds were first invested in the International Portfolio on June 1, 1993.
<PAGE>
ALLIANCE VARIABLE PRODUCTS SERIES FUND, INC.
International Portfolio
This Portfolio seeks to obtain a total return on its assets from long-term
growth of capital. It invests principally in marketable securities of
established companies incorporated outside the United States, in companies
participating in foreign economies with prospects for growth, and in foreign
government securities. As a secondary objective, the Portfolio will attempt to
increase its current income without assuming undue risk.
THERE CAN BE NO ASSURANCE THAT THE INVESTMENT OBJECTIVE WILL BE ACHIEVED.
THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROSPECTUS FOR
VARIABLE ACCOUNT I DATED JULY 4, 1998, AND THE ALLIANCE FUND PROSPECTUS DATED
MAY 1, 1998.
