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AETNA LIFE INSURANCE AND ANNUITY COMPANY
AETNA INSURANCE COMPANY OF AMERICA
SUPPLEMENT DATED DECEMBER 14, 2000
The information in this Supplement updates and amends certain information
contained in the Prospectuses dated May 1, 2000 and replaces the Supplement
dated August 21, 2000. You should read this Supplement along with the applicable
Prospectus.
Effective November 17, 2000, Aetna Life Insurance and Annuity Company's
("ALIAC") broker-dealer subsidiary, Aetna Investment Services, Inc. (which was
subsequently converted to Aetna Investment Services, LLC) ("AIS"), became the
principal underwriter for the securities sold under the prospectus. AIS, a
Delaware limited liability company, is registered as a broker-dealer with the
Securities and Exchange Commission. AIS is also a member of the National
Association of Securities Dealers, Inc. and the Securities Investor Protection
Corporation. AIS' principal office is located at 151 Farmington Avenue,
Hartford, Connecticut 06156. ALIAC is no longer a registered broker-dealer.
On December 13, 2000, ALIAC and Aetna Insurance Company of America ("AICA")
became indirect wholly-owned subsidiaries of ING Groep N.V. ("ING"). ING is a
global financial institution active in the fields of insurance, banking and
asset management. The terms of your contract will not be affected by this change
in ownership. In the future, you may begin to see the use of the ING lion logo
on our printed materials.
X.INGS2-00A December 2000
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ALIAC GUARANTEED ACCOUNT
AETNA LIFE INSURANCE AND ANNUITY COMPANY
SUPPLEMENT DATED DECEMBER 14, 2000
TO MAY 1, 2000 PROSPECTUS AS AMENDED BY SUPPLEMENTS DATED AUGUST 21, 2000 AND
DECEMBER 14, 2000
The information in this supplement amends certain information contained in the
prospectus dated May 1, 2000. You should read this supplement along with the
prospectus.
- The following information replaces the fourth paragraph under the "Market
Value Adjustment (MVA)" section on page 5 of the prospectus, the fourth
paragraph under the "General" section on page 7 of the prospectus and the
last paragraph under the "Market Value Adjustment (MVA)" section on page 12
of the prospectus:
All other withdrawals will be subject to an aggregate MVA, regardless of
whether it is positive or negative, including:
* Withdrawals due to the election of a nonlifetime income option;
* Payment of a guaranteed death benefit (due to the death of a spousal
beneficiary or a joint contract holder who continued the account in his or
her name after the death of the other joint contract holder);
* Payment of a guaranteed death benefit more than six months after the date
of death (except under certain contracts issued in the State of New York);
and
* Full or partial withdrawals during the accumulation phase (however, an MVA
may not apply in certain situations, see "Market Value Adjustment (MVA)").
X.34014-00 December 2000
