424B3 1 e424b3.txt 424B3 1 As Filed Pursuant to Rule 424B3 SEC File No. 333-65953 ANCHOR NATIONAL LIFE INSURANCE COMPANY -------------------------------------------------------------------------------- VARIABLE ANNUITY ACCOUNT SEVEN SUPPLEMENT TO THE POLARIS II A-CLASS VARIABLE ANNUITY PROSPECTUS Dated July 5, 2000 -------------------------------------------------------------------------------- The following replaces the investment charges and corresponding examples for the CAPITAL APPRECIATION PORTFOLIO (the "Portfolio") of the Anchor Series Trust contained in the chart under the heading "Expenses" in the Profile:
------------------------------------------------------------------------------------------------------------------------ Total Annual Total Annual Total Examples: ANCHOR SERIES Insurance Investment Annual Total Expenses at Total Expenses at TRUST PORTFOLIO Charges Charges Charges end of 1 YEAR end of 10 YEARS ------------------------------------------------------------------------------------------------------------------------ Capital Appreciation 0.85% 0.74% 1.59% $73 $234 ------------------------------------------------------------------------------------------------------------------------
The expenses for the Portfolio contained in the chart under the heading "Portfolio Expenses" on page 4 of the Prospectus are amended as follows: ANCHOR SERIES TRUST PORTFOLIO MANAGEMENT OTHER TOTAL ANNUAL FEE EXPENSES EXPENSES -------------------------------------------------------------------------------- Capital Appreciation+ 0.70% 0.04% 0.74% +The expenses noted here are restated to reflect an estimate of fees for the Portfolio for the current fiscal year. On May 18, 2000, the Board of Trustees of Anchor Series Trust (the "Trust") approved an increase in the underlying management for the Portfolio for the most recent fiscal year from 0.67% to 0.74%. On July 19, 2000, the shareholders of the Portfolio also approved the increase. The fee increase is effective August 1, 2000. Also, the Examples on page 5 of the Prospectus of the Portfolio are amended as follows: PORTFOLIO 1 YEAR 3 YEARS 5 YEARS 10 YEARS ------------------------------------------------------------------------------- Capital Appreciation (a)$73 (a)$105 (a)$139 (a)$234 (b)$73 (b)$105 (b)$139 (b)$234 Date: August 1, 2000 PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS.