As filed pursuant to Rule 424(b)(3)
                                             under the Securities Act of 1933
                                             Registration No. 333-67689


                     ANCHOR NATIONAL LIFE INSURANCE COMPANY
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                          VARIABLE ANNUITY ACCOUNT FIVE
 (PORTION RELATING TO THE SEASON SELECT, SEASONS SELECT(II) AND SEASONS ADVISOR
                              VARIABLE ANNUITIES)
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                   SUPPLEMENT TO THE SEASONS SELECT PROSPECTUS
                               DATED JULY 27, 2001
                SUPPLEMENT TO THE SEASONS SELECT(II) PROSPECTUS
                              DATED OCTOBER 1, 2001
                  SUPPLEMENT TO THE SEASONS ADVISOR PROSPECTUS
                              DATED OCTOBER 1, 2001

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        On November 27, 2001, the Board of Trustees of the Seasons Series Trust,
the underlying funding vehicle for the Seasons Select, Seasons Select(II) and
Seasons Advisor Variable Annuities, approved the replacement of Deutsche Asset
Management, Inc. as the subadviser to the indexed components of the Select
Portfolios.

        As of December 10, 2001, the subadviser to the indexed component of the
following Select Portfolios will be AIG Global Investment Corp. ("AIGGIC"):
Large Cap Growth, Large Cap Composite, Large Cap Value, Mid Cap Growth, Mid Cap
Value, Small Cap, International Equity and Diversified Fixed Income. All
reference to Deutsche Asset Management ("Deutsche") throughout the prospectus is
replaced with AIG Global Investment Corp. ("AIGGIC").

        This change will not affect the investment objective of any of the
Select Portfolios.

Date: November 28, 2001




                Please keep this Supplement with your Prospectus.