ALLIANZ LIFE VARIABLE ACCOUNT B
497, 2000-06-19
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                 ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA

                         ALLIANZ LIFE VARIABLE ACCOUNT B

                         SUPPLEMENT DATED JUNE 16, 2000 TO
                          PROSPECTUS DATED MAY 1, 2000


The last paragraph on page 18 of the prospectus  under "Bonus" is deleted in its
entirety.  Allianz Life has received  approval of its exemptive request and will
recapture any bonus amounts as described in the  prospectus  effective as of the
date of this supplement.



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