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GROWTH PLUS
A Variable Annuity Contract funded through
Variable Annuity Account I
and issued by Aetna Insurance Company of America
August 15, 1995 Supplement to the May 1, 1995 Prospectus
The Company has made the following changes to this Prospectus.
NAME CHANGE FOR GUARANTEED ACCOUNT
The name of the Growth Plus Guaranteed Account has been changed to the AICA
Guaranteed Account.
MUTUAL FUND ANNUAL EXPENSES, page 9
The Mutual Fund Annual Expense information for the funds of the Insurance
Management Series Trust should be as follows:
As a percentage of average net assets:
<TABLE>
<CAPTION>
Investment Other Total Fund
Advisory Fees/(1)/ Expenses Annual Expenses
(after expense (after expense (after expense
reimbursement) reimbursement) reimbursement)
------------------- ------------------- -------------------
<S> <C> <C> <C>
Equity Growth and Income Fund/(2)/ 0.00% 0.85% 0.85%
Utility Fund/(2)/ 0.00% 0.85% 0.85%
Prime Money Fund/(2)/ 0.00% 0.80% 0.80%
U.S. Government Bond Fund/(2)/ 0.00% 0.80% 0.80%
Corporate Bond Fund/(2)/ 0.00% 0.80% 0.80%
International Stock Fund/(3)/ 0.52% 0.73% 1.25%
</TABLE>
/(1)/ The Adviser has agreed to reimburse the Company for certain costs
incurred in connection with administering the Funds by payment of an
amount based on assets in the Funds attributable to the Contracts. These
amounts are not charged to the Funds or Certificate Holders, but are paid
from other assets of the Adviser.
/(2)/ The Fund's Adviser has agreed to waive all or a portion of its advisory
fee and reimburse certain expenses so that the total annual expenses for
the Equity Growth and Income Fund and the Utility Fund would not exceed
0.85% of average net assets, and the total annual expenses for the Prime
Money Fund, the U.S. Government Bond Fund and the Corporate Bond Fund
would not exceed 0.80% of average net assets. Without this waiver and
reimbursement, the maximum advisory fees and the maximum total annual
expenses for the Funds, respectively, would have been 0.75% and 25.96%
for the Equity Growth and Income Fund, 0.75% and 55.43% for the Utility
Fund, 0.50% and 72.54% for the Prime Money Fund, 0.60% and 33.35% for the
U.S. Government Bond Fund, and 0.60% and 10.42% for the Corporate Bond
Fund. The Adviser can terminate this voluntary waiver or reimbursement of
expenses at any time at its sole discretion.
/(3)/ The estimated management fee has been reduced to reflect the anticipated
voluntary waiver of a portion of the management fee. The advisor can
terminate this voluntary waiver at any time at its sole discretion. The
maximum management fee is 1.00%. The Total Fund Annual Expenses are
estimated to be 1.73% absent the anticipated voluntary waiver of a
portion of the management fee. Total Fund Annual Expenses are estimated
based on average expenses expected to be incurred during the period
ending December 31, 1995. During the course of this period, expenses may
be more or less than the average amount shown.
80750.00.2 Aetna Ed. 8/95
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RIGHT TO CLOSE ACCOUNT, page 18
The value at which the Company reserves the right to close the Certificate
Holder's Account should be $2,500 rather than $1,500 as was stated in the
Prospectus.
AICA GUARANTEED ACCOUNT - MARKET VALUE ADJUSTMENT
Certain changes have been made to the application of the Market Value Adjustment
for the AICA Guaranteed Account. See the supplement to the prospectus for the
AICA Guaranteed Account.
