Supplement to Prospectus Dated May 1, 1998
Supplement dated November 16, 1998
This Supplement should be retained with the current Prospectus for your variable
annuity contract issued by American Skandia Life Assurance Corporation
("American Skandia"). If you do not have a current prospectus, please contact
American Skandia at 1-800-SKANDIA.
REDUCTION OF THE MINIMUM INITIAL PAYMENT
Application and Initial Payment
The section of the Prospectus entitled "Application and Initial Payment" is
amended as follows:
The minimum initial Purchase Payment we accept is decreased from $25,000 to
$15,000.
Auto Saver ("bank drafting")
The section of the Prospectus entitled "Auto Saver" ("bank drafting") is amended
as follows:
You may make Purchase Payments to your Annuity using bank drafting, but only for
allocations to variable investment options. However, you must pay at least one
prior Purchase Payment by check or wire transfer. We will accept an initial
Purchase Payment lower than our standard minimum Purchase Payment requirement of
$15,000 if you also furnish bank drafting instructions that provide amounts that
will meet a $15,000 minimum Purchase Payment requirement to be paid within 12
months. We reserve the right to suspend or cancel bank drafting privileges if
sufficient funds are not available from the applicable financial institution on
any date that a transaction is scheduled to occur.
Stagecoach VA Flex (11/98)
