AETNA GENERATION PORTFOLIOS, INC.
The information in this Supplement for Aetna Generation Portfolios, Inc. amends
the information contained in the Prospectus dated May 3, 1999. This Supplement
should be read with the Prospectus.
Effective January 1, 2000, Aeltus Investment Management, Inc. has agreed to
waive a portion of its investment advisory fee and/or its administrative
services fee and/or reimburse a portion of the other expenses to ensure that the
total net operating expenses for Aetna Crossroads VP and Aetna Legacy VP do not
exceed the following amounts:
Aetna Crossroads VP 0.70%
Aetna Legacy VP 0.65%
Effective May 1, 2000, the following replaces the chart in the section entitled
"The Portfolios' Investments" on page 5 of the Prospectus:
<TABLE>
<CAPTION>
Ascent Crossroads Legacy
Asset Class VP VP(1) VP(2) Comparative Index*
- ----------- ------ ---------- ------ ------------------
<S> <C> <C> <C> <C>
Equities
Large Capitalization Stocks
Range 0 - 70% 0 - 50% 0 - 30% S&P 500 Index
Benchmark 35% 25% 15%
Small-/Mid-Capitalization Stocks
Range 0 - 40% 0 - 30% 0 - 20% Russell 2500 Index
Benchmarks 20% 15% 10%
International Stocks Morgan Stanley Capital
Range 0 - 40% 0 - 30% 0 - 20% International Europe,
Benchmark 20% 15% 10% Australia and Far East Index
Real Estate Stocks National Association of
Range 0 - 10% 0 - 10% 0 - 10% Real Estate Investment
Benchmark 5% 5% 5% Trusts Equity Index
Fixed Income
U.S. Dollar Bonds
Range 0 - 30% 0 - 60% 0 - 90% Salomon Brothers Broad
Benchmarks 15% 30% 45% Investment Grade Index
International Bonds
Range 0 - 10% 0 - 10% 0 - 10% Salomon Brothers Non-U.S.
Benchmarks 5% 5% 5% World Government Bond Index
Money Market Instruments
Range 0 - 30% 0 - 30% 0 - 30% 91-Day U.S. Treasury
Benchmarks 0% 5% 10% Bill Rate
</TABLE>
- ------------------------
* See page 10 of the Prospectus for a description of each comparative index.
(1) Crossroads VP will invest no more than 60% of its assets in any combination
of the following asset classes: small-/mid-capitalization stocks, high-yield
bonds, international stocks and international fixed-income securities.
(2) Legacy VP will invest no more than 35% of its assets in any combination of
the following asset classes: small-/mid-capitalization stocks, high-yield
bonds, international stocks and international fixed-income securities.
X.AETNA-99-1 November, 1999
