AMERICAN ENTERPRISE VARIABLE ANNUITY ACCOUNT
497, 2000-11-06
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Supplement dated November 6, 2000*
to the Prospectus dated May 1, 2000
of the American Express Platinum Variable AnnuitySM 43415 C (5/00)


Notice to all American Express Platinum Variable AnnuitySM contract holders:

Effective immediately, subaccount ECA investing in Wright Catholic Values Equity
Investment Portfolio, subaccount EIB investing in Wright International Blue Chip
Portfolio and subaccount EBC investing in Wright  Selected Blue Chip  Portfolio,
are no longer  available as investment  options under American  Express Platinum
Variable Annuity.

If you have  contract  values that are invested in these  subaccounts,  you must
transfer the values to other investment options available under the contract. If
you do not transfer the values out of these subaccounts by December 1, 2000, any
money  remaining in these  subaccounts  will be  transferred  to the  subaccount
investing in AXPSM Variable Portfolio - Cash Management Fund.

Transfers  involved  in this  transaction  will not impact  your other  transfer
options available under the contract.


























43415    (11/00)

* Valid until April 30, 2001.



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