VIP STKP
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
ALLIANZ LIFE VARIABLE ACCOUNT B
INDIVIDUAL IMMEDIATE VARIABLE ANNUITY
Supplement Dated May 1, 1998 to
Prospectus Dated May 1, 1998
The following information replaces the section entitled "Contract Owner
Transaction Fees" under the section entitled "Allianz Life Variable Account B
Fee Table" contained in the Prospectus:
Contract Owner Transaction Fees
Commutation Fee*
(as a percentage of the Total Liquidation Value liquidated)
Contract Year Charge
1 5%
2 5%
3 4%
4 3%
5 2%
6(& thereafter) 1%
*After the first Contract Year, a Contract Owner may request one liquidation
from the Contract each Contract year if Annuity Options 2 or 4 have been
selected. If Annuity Option 6 has been selected, the Contract Owner may request
a liquidation once each Contract Year beginning in the first year. See also
"Annuity Provisions - Contract Liquidations (Withdrawals)".
