Supplement dated June 8, 2000
to the
Prospectus dated May 1, 2000
for the
Allegiance Variable Annuity
issued by
Alexander Hamilton Life Insurance Company of America
in connection with
Alexander Hamilton Variable Annuity Separate Account
Service Center Address: One Granite Place, Concord, NH 03301
Telephone No.: 1-800-258-3648, Ext. 5394
Alexander Hamilton Life Insurance Company of America ("AH Life"), and Jefferson
Pilot Financial Insurance Company ("JP Financial"), which are wholly-owned
subsidiaries of Jefferson-Pilot Corporation, have contacted state regulatory
authorities concerning a proposal for AH Life and JP Financial to redomesticate
to the State of Nebraska and thereafter for AH Life and Guarantee Life Insurance
Company, which is an indirect wholly-owned subsidiary of Jefferson-Pilot
Corporation, to merge with and into JP Financial, with JP Financial as the
surviving corporation. It is anticipated that an agreement and plan of merger
for this transaction shortly will be presented to the companies' respective
Boards of Directors for their consideration and approval. The merger is expected
to be consummated on or about August 1, 2000, subject to the approval of
applicable regulatory authorities.
If the merger is consummated, Alexander Hamilton Variable Annuity Separate
Account will become a separate account of JP Financial. All AH Life contracts
will remain outstanding in accordance with their terms. Information concerning
JP Financial will be sent to contract holders shortly after the merger is
effective.
