PROSPECTUS SUPPLEMENT
for
VARIABLE ANNUITY CONTRACTS
issued by
VARIABLE ACCOUNT I
and
AIG LIFE INSURANCE COMPANY
One Alico Plaza
600 King Street
Wilmington, Delaware 19801
DATED November 29, 1999
Supplement to the Prospectus for Variable Annuity Contracts dated May 1,
1999 issued by Variable Account I and AIG Life Insurance Company in the state of
Oregon.
Throughout this prospectus delete all references to the Guaranteed Account and
the guarantee period. The Guaranteed Account is not available in the state of
Oregon.
Amend the headings indicated, as follows:
Highlights
Change the 11th paragraph to read, "The Owner may return the Contract within ten
(10) days (the "Right to Examine Contract Period") after it is received by
returning it to the Company's Administrative Office. It can be mailed or
delivered to either Us or Our agent. Return of this contract by mail is
effective as of the date of its postmark, properly addressed and postage
pre-paid. The returned contract will be treated as if We had never issued it. We
will promptly refund the full premium paid for the Contract."
Deduction for State Premium Taxes
Premium taxes do not apply to contracts issued in the state of Washington.
Deduction for Surrender Charge
Surrender
Charge Percentage
Premium Year 0 6%
Premium Year 1 6%
Premium Year 2 5%
Premium Year 3 4%
Premium Year 4 3%
Premium Year 5 2%
Premium Year 6 1%
Premium Year 7 0%
DISTRIBUTIONS UNDER THE CONTRACT
Withdrawals
Change the second paragraph to read, "We reserve the right to consider
any withdrawal request that would reduce the Value of the Accumulation Account
to less than $2,500 to be a request for surrender. In this event, Surrender
Value will be paid to You and the Contract will terminate."
Surrender
Change first sentence to read, "On or before the Annuity Date you may
surrender the Contract Value for the Surrender Value by withdrawing the entire
Contract Value.
This Supplement pertains to the prospectus dated May 1, 1999 and all subsequent
amendments.
