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AMERICAN GENERAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT D
GENERATIONS(SM)
FLEXIBLE PAYMENT VARIABLE AND FIXED INDIVIDUAL DEFERRED ANNUITY
CONTRACTS
SUPPLEMENT DATED NOVEMBER 8, 2000
TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 2000
AS SUPPLEMENTED AUGUST 1, 2000 AND SEPTEMBER 25, 2000
Effective November 1, 2000 American General Life Insurance Company is
amending the prospectus and its related statement of additional information for
the sole purpose of reflecting a change in the principal underwriter and
distributor of the Contracts.
On page 21 of the prospectus, the last paragraph is deleted in its entirety
and replaced with the following:
Your application to purchase a Contract must be on a Written application
that we provide and that you sign. AGL and American General Distributors,
Inc., as distributor of the Contracts, may agree on a different medium or
format for the application. When a purchase payment accompanies an
application to purchase a Contract and you have properly completed the
application, we will either:
On page 36 of the prospectus, the last bullet point is deleted in its
entirety and replaced with the following:
. the surrender of a Contract, or the withdrawal of Contract Value
(limited to the Variable Account Value and the one year Guarantee
Period) of a Contract, issued to Owners who are: (1) employees or
registered representatives (or the spouses or minor children of
employees or registered representatives) of any broker-dealer
authorized to sell the Contracts, or (2) officers, directors, or bona-
fide full-time employees of AGL, American General Distributors, Inc.,
the principal underwriter and distributor of the Contracts, or their
affiliated companies. (These waivers of Surrender Charge are based
upon the Contract Owner's status at the time the Contract was
purchased.);
On page 50 of the prospectus, the section titled "DISTRIBUTION
ARRANGEMENTS" is deleted in its entirety and replaced with the following:
DISTRIBUTION ARRANGEMENTS
Individuals who sell the Contracts will be licensed by state insurance
authorities as agents of AGL. The individuals will also be registered
representatives of broker-dealer firms, some of which may be affiliated with
AGL. Some individuals may be representatives of firms that are exempt from
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broker-dealer regulation. Any non-exempt broker-dealer firms are registered with
the Securities and Exchange Commission under the Securities Exchange Act of 1934
as broker-dealers and are members of the National Association of Securities
Dealers, Inc.
American General Distributors, Inc. ("AGDI") is the principal underwriter and
distributor of the Contracts. AGDI is an affiliate of AGL. AGDI's principal
business address is 2929 Allen Parkway, Houston, Texas 77019-2191. Before
November 1, 2000 American General Securities Incorporated ("AGSI") served in
this role. AGSI is a wholly-owned subsidiary of AGL. For a period of time you
may receive written information from us that identifies AGSI as the distributor
of the Contracts.
AGL offers the Contracts on a continuous basis.
AGL compensates broker-dealers that sell the Contracts according to one or more
compensation schedules. The schedules provide for commissions of up to 7.0% of
purchase payments that Owners make. AGL may also pay continuing "trail"
commissions of up to 0.75% of Owner Account Value.
AGL may pay AGDI for its promotional activities, such as solicitation of selling
group agreements between broker-dealers and AGL, agent appointments with AGL,
printing and development of sales literature to be used by AGL appointed agents
and related marketing support, and related special promotional campaigns. From
time to time, AGDI may engage in special promotions where AGDI pays additional
compensation to one or more of the broker-dealers that sell the Contracts. None
of these distribution expenses results in any additional charges under the
Contracts that are not described under "Charges under the Contracts."
On page 4 of the statement of additional information, the section titled
"PRINCIPAL UNDERWRITER" is deleted in its entirety and replaced with the
following:
PRINCIPAL UNDERWRITER
American General Distributors, Inc. ("AGDI") is the principal underwriter and
distributor of the Contracts. Before November 1, 2000 American General
Securities Incorporated ("AGSI") served in this role. AGSI is our subsidiary
broker-dealer.
AGDI is an affiliate of AGL. In the states of Florida and Illinois, AGDI is
known as American General Financial Distributors of Florida, Inc. and American
General Financial Distributors of Illinois, Inc., respectively. AGDI's
principal office is at 2929 Allen Parkway, Houston, Texas 77019-2191. AGDI was
organized as a Delaware corporation on June 24, 1994 and is a registered broker-
dealer under the Securities Exchange Act of 1934, as amended and a member of the
National Association of Securities Dealers, Inc. ("NASD"). AGDI is also the
principal underwriter for AGL's Separate Accounts A and VL-R, as well as the
underwriter for various separate accounts of other AGL affiliates. These
separate accounts are registered investment companies. AGDI, as the principal
underwriter and distributor, is not paid any fees on the Policies.
