ANCHOR NATIONAL LIFE INSURANCE COMPANY
VARIABLE ANNUITY ACCOUNT TWO
____________________________________________________________
SUPPLEMENT TO VISTA CAPITAL ADVANTAGE
PROSPECTUS DATED DECEMBER 29, 1995
Delete the first paragraph in the section entitled "Company" on
page 13 and replace with the following:
The Company is a stock life insurance company originally organized
under the laws of the state of California in April 1965. On
January 1, 1996, the Company redomesticated under the laws of the
state of Arizona. Its principal business address is 1 SunAmerica
Center, Los Angeles, California 90067-6022. The Company is an
indirect wholly owned subsidiary of SunAmerica Inc., a Maryland
corporation.
Insert the following after the first sentence of the first
paragraph in the section entitled "Separate Account" on page 13:
In connection with the redomestication of the Company, the Separate
Account was assumed intact by the Company.
Delete the second sentence of the first paragraph in the section
entitled "Distribution of Contracts" on page 27 and replace with
the following:
Commissions on initial Purchase Payments paid to registered
representatives may vary, but are not anticipated to exceed 6.50%
of any Purchase Payment (including any promotional sales
incentives).
Date: February 16, 1996
Please keep this Supplement with your Prospectus
