1

                                           As Filed Pursuant to Rule 424(b)(3)
                                           SEC Registration No. 333-65953


                     ANCHOR NATIONAL LIFE INSURANCE COMPANY
                         VARIABLE ANNUITY ACCOUNT SEVEN
          (PORTION RELATING TO THE POLARIS(II) A-CLASS VARIABLE ANNUITY)

                       ----------------------------------

       SUPPLEMENT TO THE POLARIS(II) A-CLASS PROSPECTUS DATED MAY 1, 2001


Paragraphs A(1)(a) through (d) of Appendix C to the prospectus on page C-1
describing the Purchase Payment Accumulation Option is deleted and replaced with
the following:

     1.   Purchase Payment Accumulation Option

          If a Continuation Contribution is added on the Continuation Date, the
          death benefit is the greater of:

          a.   The contract value on the date we receive satisfactory proof of
               the Continuing Spouse's death; or

          b.   Total Gross Purchase Payments less withdrawals (and fees and
               charges applicable to those withdrawals; or

          c.   The contract value on the Continuation Date (including the
               Continuation Contribution) plus any Purchase Payments minus any
               withdrawals (and fees and charges applicable to those
               withdrawals) made since the Continuation Date compounded to the
               date of death at a 4% annual growth rate, (3% growth rate if the
               Continuing Spouse was age 70 or older on the Continuation Date)
               plus any Purchase Payments minus withdrawals (and fees and
               charges applicable to those withdrawals) recorded after the date
               of death; or

          d.   The contract value on the seventh contract anniversary following
               the original issue date of the contract, plus any Purchase
               Payments and less any withdrawals (and fees and charges
               applicable to those withdrawals), since the seventh contract
               anniversary, all compounded at a 4% annual growth rate until the
               date of death (3% growth rate if the Continuing Spouse is age 70
               or older on the Continuation Date) plus any Purchase Payments
               less withdrawals (and fees and charges applicable to those
               withdrawals) recorded after the date of death. The Continuation
               Contribution is considered a Purchase Payment received on the
               Continuation Date.

          If a Continuation Contribution is not added on the Continuation Date,
          the death benefit is the greater of:

          a.   The contract value on the date we receive satisfactory proof of
               the Continuing Spouse's death; or

          b.   Total Gross Purchase Payments less withdrawals (and fees and
               charges applicable to those withdrawals; or

          c.   Total Purchase Payments minus withdrawals (and fees and charges
               applicable to those withdrawals) made from the original contract
               issue date compounded to the date of death at a 4% annual growth
               rate, (3% growth rate if the Continuing Spouse was age 70 or
               older on the Contract Issue Date) plus any Purchase Payments
               minus withdrawals (and fees and charges applicable to those
               withdrawals) recorded after the date of death; or

          d.   The contract value on the seventh contract anniversary following
               the original issue date of the contract, plus any Purchase
               Payments and less any withdrawals (and fees and charges
               applicable to those withdrawals), since the seventh contract
               anniversary, all compounded at a 4% annual growth rate until the
               date of death (3% growth rate if the Continuing Spouse was age 70
               or older on the Contract Issue Date) plus any Purchase Payments
               less withdrawals (and fees and charges applicable to those
               withdrawals) recorded after the date of death.






Date: May 17, 2001