PROSPECTUS SUPPLEMENT
for
VARIABLE ANNUITY CONTRACTS
issued by
AIG LIFE INSURANCE COMPANY
through its
Variable Account I
One Alico Plaza
600 King Street
Wilmington, Delaware 19801
Dated December 15, 1999
Supplement dated December 15, 1999, to the Individual and Group Single
Premium and Flexible Premium Deferred Variable Annuity Contracts Prospectus
dated May 1, 1999.
This Supplement provides information regarding a change in the
investment options available under the Contract. The Strategy Portfolio of the
Mitchell Hutchins Series Trust ("Mitchell Hutchins") is available to Contract
Owners in addition to the Mitchell Hutchins Portfolios offered in the
Prospectus.
This Supplement amends the contents of the Profile, under the headings
indicated, as follows:
<TABLE>
EXPENSES
Examples
Total Total
Total Total Expenses Expenses
Annual Annual Total at the at the
Insurance Portfolio Annual end of end of
Charges Charges* Charges 1 Year 10 Years
-------- -------- ------- ------ --------
Mitchell Hutchins Series Trust
<S> <C> <C> <C> <C> <C>
Strategy Portfolio 1.40% 1.34% 2.74% $82 $313
</TABLE>
PERFORMANCE
SUMMARY OF PERFORMANCE
Inception Since
Date* Inception
Mitchell Hutchins Series Trust
Strategy Portfolio January 2000 N/A
It is estimated that Strategy Portfolio will be available for sale in January
2000.
<PAGE>
This Supplement amends the contents of the Prospectus, under the
headings indicated, as follows:
Annual Portfolio Expenses
After Waiver/Reimbursement
Management Other 12b-1 Total
Fees Expenses Fees Expenses
Mitchell Hutchins Series Trust
Strategy Portfolio .75% .34% .25% 1.34%
Example
You would pay the following expenses on a $1,000 investment,
assuming 5% growth:
If you surrender after:
------------------------------------
1 Year 3 Years 5 Years 10 Years
------ ------- ------- --------
Mitchell Hutchins Series Trust
Strategy Portfolio $82 $132 $184 $313
If you Annuitize or if you do not surrender after:
------------------------------------
1 Year 3 Years 5 Years 10 Years
------ ------- ------- --------
Mitchell Hutchins Series Trust
Strategy Portfolio $28 $87 $148 $313
INVESTMENT OPTIONS
Mitchell Hutchins Series Trust
Strategy Portfolio is designed for investors seeking long-term capital
appreciation from a fully invested, all-equity portfolio. The fund is not a
market-timing vehicle and not a complete investment program.
