Supplement to Prospectus Dated May 1, 1998
Supplement dated November 13, 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.
Notice of Proxy
Contract Owners with Account Value allocated to the Founders Capital
Appreciation Sub-account and/or the Robertson Stephens Value + Growth
Sub-account as of November 13, 1998 ("record date") will be receiving a
solicitation of proxy as beneficial owners of units of the respective
Sub-accounts that invest in underlying shares of the Founders Capital
Appreciation and/or Robertson Stephens Value + Growth portfolios of American
Skandia Trust ("shareholders").
Shareholders of the Founders Capital Appreciation portfolio are being asked to
appoint Janus Capital Corporation as the new portfolio sub-advisor and to change
the portfolio's investment objective and certain fundamental investment
restrictions. In connection with the proposed changes, the portfolio's name will
be changed to "AST Janus Small-Cap Growth."
Shareholders of the Robertson Stephens Value + Growth portfolio are being asked
to appoint OppenheimerFunds, Inc. as the new portfolio sub-advisor and to change
the portfolio's investment objective and certain fundamental investment
restrictions. In connection with the proposed changes, the portfolio's name will
be changed to "AST Oppenheimer Large-Cap Growth."
Contract Owners who choose to allocate Account Value to either the Founders
Capital Appreciation Sub-account or the Robertson Stephens Value + Growth
Sub-account after the record date will not receive a proxy solicitation and will
not be entitled to vote on the changes outlined above. Contract Owners should
take this into consideration if they are considering allocating Account Value to
either the Founders Capital Appreciation Sub-account or the Robertson Stephens
Value + Growth Sub-account.
ASAP/ASAP2/ASXT/ASL/ASImpact/ASPro/CH2 (11/98)
