-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A96/S46T9UillJar6+i4sqQJd+DDMQwPGoBvMeYjjfvDQHAgIi4H2kKMXZpsEkeF NRJbOuw056CcSExHny8d6A== 0000950148-01-501775.txt : 20010911 0000950148-01-501775.hdr.sgml : 20010911 ACCESSION NUMBER: 0000950148-01-501775 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANCHOR NATIONAL LIFE INSURANCE CO CENTRAL INDEX KEY: 0000006342 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 860198983 STATE OF INCORPORATION: AZ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-87864 FILM NUMBER: 1734430 BUSINESS ADDRESS: STREET 1: 1 SUNAMERICA CENTER STREET 2: C/O THOMAS B PHILLIPS CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3107726000 MAIL ADDRESS: STREET 1: 1 SUN AMERICA CENTER CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: ANCHOR LIFE INSURANCE CO DATE OF NAME CHANGE: 19600201 424B3 1 v75695be424b3.txt 424B3 1 As filed pursuant to Rule 424(b)(3) under the Securities Act of 1933 Registration No. 333-87864 ANCHOR NATIONAL LIFE INSURANCE COMPANY VARIABLE SEPARATE ACCOUNT SUPPLEMENT TO THE POLARIS PROTECTOR VARIABLE ANNUITY Featuring Principal Rewards PROSPECTUS DATED JULY 9, 2001 THE BULLET POINT FOLLOWING "MANAGED BY WM ADVISORS, INC." ON THE FIRST PAGE OF THE PROSPECTUS AFTER THE SUBHEADING "BALANCED" IS REPLACED BY THE FOLLOWING: o Asset Allocation Portfolio SAST THE FOLLOWING REPLACES THE FEE TABLE AND FOOTNOTES FOR THE SUNAMERICA SERIES TRUST ON PAGE 5 OF THE PROSPECTUS: SunAmerica Series Trust (as a percentage of average net assets after reimbursement or waiver of expenses for the Trust's fiscal year ended January 31, 2001)
MANAGEMENT SERVICE (12B-1) OTHER TOTAL ANNUAL PORTFOLIO FEE FEE(7) EXPENSES EXPENSES =================================================================================================================================== Aggressive Growth 0.66% 0.15% 0.04% 0.85% - ----------------------------------------------------------------------------------------------------------------------------------- Alliance Growth 0.60% 0.15% 0.04% 0.79% - ----------------------------------------------------------------------------------------------------------------------------------- Blue Chip Growth(1)(4) 0.70% 0.15% 0.15% 1.00% - ----------------------------------------------------------------------------------------------------------------------------------- Cash Management(5) 0.49% 0.15% 0.03% 0.67% - ----------------------------------------------------------------------------------------------------------------------------------- Corporate Bond 0.62% 0.15% 0.07% 0.84% - ----------------------------------------------------------------------------------------------------------------------------------- Davis Venture Value 0.71% 0.15% 0.04% 0.90% - ----------------------------------------------------------------------------------------------------------------------------------- "Dogs" of Wall Street 0.60% 0.15% 0.12% 0.87% - ----------------------------------------------------------------------------------------------------------------------------------- Emerging Markets(2) 1.25% 0.15% 0.32% 1.72% - ----------------------------------------------------------------------------------------------------------------------------------- Federated Value 0.70% 0.15% 0.06% 0.91% - ----------------------------------------------------------------------------------------------------------------------------------- Global Bond 0.69% 0.15% 0.12% 0.96% - ----------------------------------------------------------------------------------------------------------------------------------- Global Equities 0.70% 0.15% 0.14% 0.99% - ----------------------------------------------------------------------------------------------------------------------------------- Goldman Sachs Research(1)(3)(4) 1.20% 0.15% 0.15% 1.50% - ----------------------------------------------------------------------------------------------------------------------------------- Growth-Income 0.53% 0.15% 0.04% 0.72% - ----------------------------------------------------------------------------------------------------------------------------------- Growth Opportunities 0.75% 0.15% 0.25% 1.15% - ----------------------------------------------------------------------------------------------------------------------------------- High-Yield Bond 0.63% 0.15% 0.08% 0.86% - ----------------------------------------------------------------------------------------------------------------------------------- International Diversified Equities 1.00% 0.15% 0.21% 1.36% - ----------------------------------------------------------------------------------------------------------------------------------- International Growth and Income 0.95% 0.15% 0.23% 1.33% - ----------------------------------------------------------------------------------------------------------------------------------- Marsico Growth 0.85% 0.15% 0.15% 1.15% - ----------------------------------------------------------------------------------------------------------------------------------- MFS Growth and Income 0.70% 0.15% 0.06% 0.91% - ----------------------------------------------------------------------------------------------------------------------------------- MFS Mid-Cap Growth(1)(2) 0.75% 0.15% 0.07% 0.97% - ----------------------------------------------------------------------------------------------------------------------------------- MFS Total Return(2) 0.66% 0.15% 0.08% 0.89% - ----------------------------------------------------------------------------------------------------------------------------------- Putnam Growth 0.75% 0.15% 0.04% 0.94% - ----------------------------------------------------------------------------------------------------------------------------------- Real Estate 0.80% 0.15% 0.16% 1.11% - ----------------------------------------------------------------------------------------------------------------------------------- SunAmerica Balanced 0.59% 0.15% 0.05% 0.79% - ----------------------------------------------------------------------------------------------------------------------------------- Technology(4) 1.20% 0.15% 0.29% 1.64% - ----------------------------------------------------------------------------------------------------------------------------------- Telecom Utility(2)(6) 0.75% 0.15% 0.09% 0.99% - ----------------------------------------------------------------------------------------------------------------------------------- Worldwide High Income 1.00% 0.15% 0.10% 1.25% ===================================================================================================================================
(1) For this portfolio, the advisor, SunAmerica Asset Management Corp., has voluntarily agreed to waive fees or expenses, if necessary, to keep operating expenses at or below established maximum amounts. All waivers or reimbursements may be terminated at any time. Only certain portfolios relied on these waivers and/or reimbursements during this fiscal year as follows: Absent fee waivers or reimbursement of expenses by the adviser or custody credits, you would have incurred the following expenses during the last fiscal year; Blue Chip Growth 1.96%, Goldman Sachs Research 1.78%; Growth Opportunities 1.41%; and Marsico Growth 4.88%. Absent recoupment of expenses by the adviser, the Total Annual Expenses during the last fiscal year for the Emerging Markets Portfolio would have been 1.68%. For MFS Mid-Cap Growth Portfolio, the adviser recouped prior year expense reimbursements that were mathematically insignificant, resulting in the expense ratio before and after recoupment remaining at 0.97%. (2) Gross of custody credits of 0.01%. (3) The ratio reflects an expense cap of 1.50% and 1.15% for Goldman Sachs Research and Marsico Growth, respectively, which is net of custody credits of 0.01% and 0.44% and respectively, or waivers/reimbursements if applicable. (4) Annualized. (5) Formerly managed by SunAmerica Asset Management Corp. 2 (6) Prior to July 5, 2000, the Telecom Utility Portfolio was named Utility Portfolio. The name change will not result in any modifications to the portfolio's principal investment goal or fundamental investment policies. (7) The Board of Trustees adopted a 12(b)(1) Plan with respect to the SunAmerica Series Trust on May 21, 2001. Although this Plan was not in place at the fiscal year end shown here, the 0.15% service fee is shown in these expense numbers. THE FOLLOWING REPLACES FOOTNOTE 2 ON PAGE 11 OF THE PROSPECTUS UNDER THE HEADING "EXPLANATION OF FEE TABLES AND EXAMPLES": 2. For certain Variable Portfolios, the adviser, SunAmerica Asset Management Corp., has voluntarily agreed to waive fees or reimburse certain expenses, if necessary, to keep annual operating expenses at or below the lesser of the maximum allowed by any applicable state expense limitations or the following percentages of each Variable Portfolio's average net assets: Blue Chip Growth 1.00%; Emerging Markets 2.05% (recouping prior expense reimbursements); Goldman Sachs Research 1.50%; Growth Opportunities 1.15%; Marsico Growth 1.15%; MFS Mid-Cap Growth 1.30% (recouping prior expense reimbursements); Technology 1.70%. The adviser also may voluntarily waive or reimburse additional amounts to increase a Variable Portfolio's investment return. All waivers and/or reimbursements may be terminated at any time. Furthermore, the adviser may recoup any waivers or reimbursements within two years after such waivers or reimbursements are granted, provided that the Variable Portfolio is able to make such payment and remain in compliance with the foregoing expense limitations. IN THE SECOND COLUMN ON PAGE C-2 OF APPENDIX C, THE FIRST PARAGRAPH, TABLE AND SECOND PARAGRAPH MARKED WITH AN ASTERISK, ARE DELETED. Date: September 10, 2001 3 ANCHOR NATIONAL LIFE INSURANCE COMPANY VARIABLE SEPARATE ACCOUNT SUPPLEMENT TO THE POLARIS PROTECTOR VARIABLE ANNUITY PROSPECTUS DATED JULY 9, 2001 THE BULLET POINT FOLLOWING "MANAGED BY WM ADVISORS, INC." ON THE FIRST PAGE OF THE PROSPECTUS AFTER THE SUBHEADING "BALANCED" IS REPLACED BY THE FOLLOWING: o Asset Allocation Portfolio SAST THE FOLLOWING REPLACES THE FEE TABLE AND FOOTNOTES FOR THE SUNAMERICA SERIES TRUST ON PAGE 5 OF THE PROSPECTUS: SunAmerica Series Trust (as a percentage of average net assets after reimbursement or waiver of expenses for the Trust's fiscal year ended January 31, 2001)
MANAGEMENT SERVICE (12B-1) OTHER TOTAL ANNUAL PORTFOLIO FEE FEE(7) EXPENSES EXPENSES =================================================================================================================================== Aggressive Growth 0.66% 0.15% 0.04% 0.85% - ----------------------------------------------------------------------------------------------------------------------------------- Alliance Growth 0.60% 0.15% 0.04% 0.79% - ----------------------------------------------------------------------------------------------------------------------------------- Blue Chip Growth(1)(4) 0.70% 0.15% 0.15% 1.00% - ----------------------------------------------------------------------------------------------------------------------------------- Cash Management(5) 0.49% 0.15% 0.03% 0.67% - ----------------------------------------------------------------------------------------------------------------------------------- Corporate Bond 0.62% 0.15% 0.07% 0.84% - ----------------------------------------------------------------------------------------------------------------------------------- Davis Venture Value 0.71% 0.15% 0.04% 0.90% - ----------------------------------------------------------------------------------------------------------------------------------- "Dogs" of Wall Street 0.60% 0.15% 0.12% 0.87% - ----------------------------------------------------------------------------------------------------------------------------------- Emerging Markets(2) 1.25% 0.15% 0.32% 1.72% - ----------------------------------------------------------------------------------------------------------------------------------- Federated Value 0.70% 0.15% 0.06% 0.91% - ----------------------------------------------------------------------------------------------------------------------------------- Global Bond 0.69% 0.15% 0.12% 0.96% - ----------------------------------------------------------------------------------------------------------------------------------- Global Equities 0.70% 0.15% 0.14% 0.99% - ----------------------------------------------------------------------------------------------------------------------------------- Goldman Sachs Research(1)(3)(4) 1.20% 0.15% 0.15% 1.50% - ----------------------------------------------------------------------------------------------------------------------------------- Growth-Income 0.53% 0.15% 0.04% 0.72% - ----------------------------------------------------------------------------------------------------------------------------------- Growth Opportunities 0.75% 0.15% 0.25% 1.15% - ----------------------------------------------------------------------------------------------------------------------------------- High-Yield Bond 0.63% 0.15% 0.08% 0.86% - ----------------------------------------------------------------------------------------------------------------------------------- International Diversified Equities 1.00% 0.15% 0.21% 1.36% - ----------------------------------------------------------------------------------------------------------------------------------- International Growth and Income 0.95% 0.15% 0.23% 1.33% - ----------------------------------------------------------------------------------------------------------------------------------- Marsico Growth 0.85% 0.15% 0.15% 1.15% - ----------------------------------------------------------------------------------------------------------------------------------- MFS Growth and Income 0.70% 0.15% 0.06% 0.91% - ----------------------------------------------------------------------------------------------------------------------------------- MFS Mid-Cap Growth(1)(2) 0.75% 0.15% 0.07% 0.97% - ----------------------------------------------------------------------------------------------------------------------------------- MFS Total Return(2) 0.66% 0.15% 0.08% 0.89% - ----------------------------------------------------------------------------------------------------------------------------------- Putnam Growth 0.75% 0.15% 0.04% 0.94% - ----------------------------------------------------------------------------------------------------------------------------------- Real Estate 0.80% 0.15% 0.16% 1.11% - ----------------------------------------------------------------------------------------------------------------------------------- SunAmerica Balanced 0.59% 0.15% 0.05% 0.79% - ----------------------------------------------------------------------------------------------------------------------------------- Technology(4) 1.20% 0.15% 0.29% 1.64% - ----------------------------------------------------------------------------------------------------------------------------------- Telecom Utility(2)(6) 0.75% 0.15% 0.09% 0.99% - ----------------------------------------------------------------------------------------------------------------------------------- Worldwide High Income 1.00% 0.15% 0.10% 1.25% ===================================================================================================================================
(1) For this portfolio, the advisor, SunAmerica Asset Management Corp., has voluntarily agreed to waive fees or expenses, if necessary, to keep operating expenses at or below established maximum amounts. All waivers or reimbursements may be terminated at any time. Only certain portfolios relied on these waivers and/or reimbursements during this fiscal year as follows: Absent fee waivers or reimbursement of expenses by the adviser or custody credits, you would have incurred the following expenses during the last fiscal year; Blue Chip Growth 1.96%, Goldman Sachs Research 1.78%; Growth Opportunities 1.41%; and Marsico Growth 4.88%. Absent recoupment of expenses by the adviser, the Total Annual Expenses during the last fiscal year for the Emerging Markets Portfolio would have been 1.68%. For MFS Mid-Cap Growth Portfolio, the adviser recouped prior year expense reimbursements that were mathematically insignificant, resulting in the expense ratio before and after recoupment remaining at 0.97%. (2) Gross of custody credits of 0.01%. (3) The ratio reflects an expense cap of 1.50% and 1.15% for Goldman Sachs Research and Marsico Growth, respectively, which is net of custody credits of 0.01% and 0.44% and respectively, or waivers/reimbursements if applicable. (4) Annualized. (5) Formerly managed by SunAmerica Asset Management Corp. 4 (6) Prior to July 5, 2000, the Telecom Utility Portfolio was named Utility Portfolio. The name change will not result in any modifications to the portfolio's principal investment goal or fundamental investment policies. (7) The Board of Trustees adopted a 12(b)(1) Plan with respect to the SunAmerica Series Trust on May 21, 2001. Although this Plan was not in place at the fiscal year end shown here, the 0.15% service fee is shown in these expense numbers. THE FOLLOWING REPLACES FOOTNOTE 2 ON PAGE 8 OF THE PROSPECTUS UNDER THE HEADING "EXPLANATION OF FEE TABLES AND EXAMPLES": 2. For certain Variable Portfolios, the adviser, SunAmerica Asset Management Corp., has voluntarily agreed to waive fees or reimburse certain expenses, if necessary, to keep annual operating expenses at or below the lesser of the maximum allowed by any applicable state expense limitations or the following percentages of each Variable Portfolio's average net assets: Blue Chip Growth 1.00%; Emerging Markets 2.05% (recouping prior expense reimbursements); Goldman Sachs Research 1.50%; Growth Opportunities 1.15%; Marsico Growth 1.15%; MFS Mid-Cap Growth 1.30% (recouping prior expense reimbursements); Technology 1.70%. The adviser also may voluntarily waive or reimburse additional amounts to increase a Variable Portfolio's investment return. All waivers and/or reimbursements may be terminated at any time. Furthermore, the adviser may recoup any waivers or reimbursements within two years after such waivers or reimbursements are granted, provided that the Variable Portfolio is able to make such payment and remain in compliance with the foregoing expense limitations. IN THE SECOND COLUMN ON PAGE B-2 OF APPENDIX B, THE FIRST PARAGRAPH, TABLE AND SECOND PARAGRAPH MARKED WITH AN ASTERISK, ARE DELETED. Date: September 10, 2001 -----END PRIVACY-ENHANCED MESSAGE-----