<PAGE> 1
As filed pursuant to Rule 424B3
SEC File No. 33-85016
FIRST SUNAMERICA LIFE INSURANCE COMPANY
--------------------------------------------------------------------------------
FIRST SUNAMERICA VARIABLE SEPARATE ACCOUNT
SUPPLEMENT TO THE POLARIS PROSPECTUS
DATED MAY 1, 2000
FIRST SUNAMERICA VARIABLE ANNUITY ACCOUNT ONE
SUPPLEMENT TO THE ICAP II PROSPECTUS
DATED MAY 1, 2000
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
The following information supplements the Portfolio Expenses table in
the Prospectus as a footnote to the CAPITAL APPRECIATION VARIABLE PORTFOLIO (the
"Variable Portfolio") of the Anchor Series Trust:
On May 18, 2000, the Board of Trustees of Anchor Series Trust (the
"Trust") approved an increase in the underlying management fees which would have
resulted in an increase in the investment charges for the Variable Portfolio for
the most recent calendar year from 0.67% to 0.74%.
This fee change is subject to approval of contractholders invested in
the Variable Portfolio as of May 19, 2000. Contractholders who invested in the
Variable Portfolio after May 19, 2000, are not eligible to vote on the approval
of the revised fees.
DATE: JUNE 8, 2000
PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS.