Supplement Dated June 15, 2000*
to the Prospectus Dated May 1, 2000
of American Express New Solutions Variable Annuity(SM) 240355 A (05/00)
The following paragraph is added to page 27 after the first paragraph under "The
One-Year Fixed Account" heading of "The Fixed Accounts" section of the
prospectus:
We will credit an interest rate bonus of 1% over our current interest crediting
rate on each new purchase payment you make to the one-year fixed account. This
1% interest rate bonus will apply for a one-year period that begins on the date
you make that purchase payment. At the end of the one-year period, we will
change the interest rate that applies to that purchase payment as described
above and we will no longer credit the 1% interest rate bonus. The 1% interest
rate bonus may be more than offset by higher fees and charges (especially the
withdrawal charge) associated with the bonus or by the withdrawal charges of
another annuity contract you are replacing. Transfers or other allocations into
the one-year fixed account are not eligible for the interest rate bonus.
*Valid until April 30, 2001. This page is not part of the prospectus.
