VARIABLE ACCOUNT B AMERICAN INTL LIFE ASSUR CO OF NEW YORK
497, 1999-07-14
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            American International Life Assurance Company of New York
                               Variable Account B
                              PROSPECTUS SUPPLEMENT


Supplement to the Prospectus for Variable Life Policies dated May 1, 1999 issued
by Variable Account B American International Life Assurance Company of New York.

Delete the REPORT OF INDEPENDENT ACCOUNTANTS related to Variable Account B
because the statement of assets and liabilities  and the related  footnotes have
been omitted.  The statement of assets and liabilities and the related footnotes
are an integral part of the financial statements of Variable Account B.

Amend the Variable Account B financial statements as follows:

The  following  are  condensed  financial  statements  that were  taken from the
American  International  Life Assurance  Company of New York Variable  Account B
audited  financial   statements.   Complete  audited  financial  statements  are
available  without  charge by  calling  (800)  340-2765  or  writing to AIG Life
Insurance  Company,  Attention:  Variable  Products,  One Alico Plaza,  600 King
Street,  Wilmington,  Delaware  19801.  A  complete  set  of  audited  financial
statements of the company and the variable account has been filed electronically
with the SEC and can be obtained through its website at http://www.sec.gov.





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