AMERICAN NATIONAL INVESTMENT ACCOUNTS INC
497, 1995-12-05
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                   AMERICAN NATIONAL INVESTMENT ACCOUNTS, INC.
                      SUPPLEMENT DATED DECEMBER 5, 1995 TO
                         PROSPECTUS DATED APRIL 30, 1995

HOLIDAY SCHEDULE CHANGE:

     SM&R's observance of the 1995 Christmas holidays has been changed to
Monday, December 25, 1995 and Tuesday, December 26, 1995.  SM&R will be open for
business on Friday, December 22, 1995.  This change modifies the language
appearing on page 9 of the American National Investment Accounts, Inc.
Prospectus.





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