UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
____________________________________________________
1. Name and address of issuer:
Anchor National Life Insurance Company
1 SunAmerica Center
Los Angeles, California 90067-6022
___________________________________________________
2. Name of each series or class of securities for which this
notice is filed (If the Form is being filed for all series and
classes of securities of the issuer, check the box but do not
list series or classes): [ ]
Variable Annuity Account Two
____________________________________________________
3. Investment Company Act File Number: 811 - 8626
Securities Act File Number: 33 - 81472
____________________________________________________
4(a) Last day of fiscal year for which this notice is filed:
August 31, 1998
____________________________________________________
4(b) [ ] Check box if this Form is being filed late (i.e.,
more than 90 calendar days after the end of the issuer's fiscal
year). (See Instruction A2)
Note: If the Form is being filed late, interest must be paid on
the registration fee due.
____________________________________________________
4(c) [ ] Check box if this is the last time the issuer
will be filing this Form.
____________________________________________________
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year pursuant to Section 24f-2:
$3,285,290
(ii) Aggregate price of securities redeemed or
repurchased during the fiscal year:
$1,112,386
(iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year ending no
earlier than October 11, 1995 that were not
previously used to reduce Registration fees payable to
the Commission:
$0.00
(iv) Total available redemption credits [add Items 5(ii)
and 5(iii)]:
$1,112,386
(v) Net sales ---- if Item 5(i) is greater than Item
5(iv) [subtract
Item 5(iv) from
Item 5(i)]:
$2,172,904
(vi) Redemption credits available for use in future years
$0.00
---- if Item 5(i) is less than Item 5(iv) [subtract
Item 5(iv) from Item 5(i)]:
(vii) Multiplier for determining registration fee (See
Instruction C9):
X.000278
(viii) Registration fee due [multiply Item 5(v) by Item
5(vii)
(Enter "0" if no fee is due):
= $604.07
6. Prepaid Shares
If the response to Item 5(i) was determined by deducting an
amount of securities that were registered under the Securities
Act of 1933 pursuant to rule 24e-2 as in effect before October
11, 1997, then report the amount of securities (number of shares
or other units) deducted here: None. If there is a number of
shares or other units that were registered pursuant to rule
24e-2 remaining unsold at the end of the fiscal year for which
this form is filed that are available for use by the issuer in
future fiscal years, then state that number here: None
______________________________________________
7. Interest due ---- if this Form is being filed more than 90
days after the of the issuer's fiscal year (See Instruction D):
+$0.00
8. Total of the amount of the registration fee due plus any
interest due
(line 5(viii) plus line 7): = $604.07
___________________________________________________
9. Date the registration fee and any interest payment was sent
to the Commission's lockbox depository: November 25, 1998
Method of Delivery:
[x] Wire Transfer
[ ] Mail or other means
__________________________________________________
SIGNATURES
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and the dates
indicated.
By (Signature and Title)*: /s/Scott L. Robinson
Scott L. Robinson
Senior Vice President
Dated: November 30, 1998