SIERRA ADVANTAGE
COMBINATION FIXED AND VARIABLE ANNUITY CONTRACTS
THE SIERRA VARIABLE TRUST
9301 Corbin Avenue, Suite 333
Northridge, California 91324
Supplement Dated December 23, 1997 to
Statement of Additional Informaton Dated May 1, 1997
As Supplemented November 6, 1997
AMERICAN GENERAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT D
Annuity Administration Department
P.O. Box 1401
Houston, Texas 77251-1401
Supplement Dated December 23, 1997 to
Statement of Additional Informaton Dated May 1, 1997
As Supplemented November 6, 1997
On December 23, 1997, shareholders of the Short Term Global Government Fund of
The Sierra Variable Trust ("Trust") approved an Agreement and Plan of
Reorganization that would result in the Short Term Global Government Fund
being reorganized ("merged") into and with the Short Term High Quality Bond
Fund of the Trust. It is anticipated that this reorganization would take place
on or about January 16, 1998. As a result, the Short Term Global Government
Fund would cease to exist. In anticipation of this reorganization, the Trust
will discontinue the offering of shares of the Short Term Global Government
Fund to American General Life Insurance Company ("AGL"), effective January 12,
1998. Accordingly, AGL will remove the Short Term Global Government Division
of its Separate Account D, effective January 12, 1998.
You may invest, through Separate Account D Divisions, in the other Funds of
the Trust - but not the Short Term Global Government Fund of the Trust.
The Trust Statement of Additional Information is amended and supplemented as
follows: Effective January 12, 1998, shares of Short Term Global Government
Fund will no longer be offered or sold to AGL, except for the reinvestment of
dividends, payable between January 12, 1998 and the effective date of the
reorganization, attributable to current shares of the Fund.
The Separate Account D Statement of Additional Information is amended and
supplemented as follows: Effective January 12, 1998, no portion of purchase
payments under the Contracts may be allocated, and no portion of your Account
Value may be reallocated, to the Short Term Global Government Division of
Separate Account D.
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Upon the reorganization, a Contract owner's Account Value allocated to the
Short Term Global Government Division would be converted into the same dollar
amount of Account Value in the Short Term High Quality Bond Division, based on
values on the date of the reorganization. AGL would send to each such Contract
owner a confirmation specifying, as of the reorganization, the number of
units, and their value, allocated to the Short Term High Quality Bond
Division. The Contract owner will not bear any expenses directly attributable
to the reorganization.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
