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Prospectus Supplement - February 1, 1996

AEL Personal PortfolioSM Variable Annuity Prospectus
(May 1, 1995) 37301 C (4/95)

For the GT Global Variable Latin America Fund and the GT Global
Variable New Pacific Fund the prospectus is changed as follows:

      GT Global Variable Latin America Fund and GT Global Variable
      New Pacific Fund are not available in the State of
      California.  If your annuity was purchased in California, you
      cannot allocate purchase payments to the subaccount that
      invests in GT Global Variable Latin America Fund or the GT
      Global Variable New Pacific Fund.



































31301-22A (1/96)



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