APL VARIABLE ANNUITY ACCOUNT 1
497, 1996-07-11
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PAGE 1

Supplement to the Statement of Additional Information*
July 15, 1996
Privileged Assets Select Annuity
30325-11C (4/96)

Page 6 of the Statement of Additional Information is revised as
follows:

The Principal Underwriter paragraph is replaced with:
     "The principal underwriter for the accounts is American
     Express Service Corporation which offers the variable
     contracts on a continuous basis."

*valid until next update


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