424B3 1 v9433212e424b3.txt 424B3 As filed pursuant to Rule 424(B)(3) under the Securities Act of 1933 Registration No. 333-70252 AIG SUNAMERICA LIFE ASSURANCE COMPANY VARIABLE SEPARATE ACCOUNT -------------------------------------------------------------------------------- SUPPLEMENT TO THE POLARISAMERICA PROSPECTUS (B-2468-PRO (R 4/03)) DATED MAY 1, 2003 -------------------------------------------------------------------------------- THIS SUPPLEMENT REPLACES THE SUPPLEMENT DATED OCTOBER 1, 2003. ALL REFERENCES IN THE PROSPECTUS AND THE STATEMENT OF ADDITIONAL INFORMATION TO THE WORDS "PRINCIPAL ADVANTAGE" ARE HEREBY CHANGED TO "RETURN PLUS." On October 1, 2003 the Nations Capital Growth Portfolio changed its investment sub-advisers from Banc of America Capital Management, LLC to Marsico Capital Management, LLC. On January 16, 2003, the shareholders of the Nations Capital Growth Portfolio approved the Agreement and Plan of Reorganization whereby Nations Capital Growth Portfolio will transfer all of its assets and liabilities to Nations Marsico Growth Portfolio in exchange for shares of equal value of the Nations Marsico Growth Portfolio. On or about January 23, 2004, the Nations Capital Growth Portfolio will be merged into the Nations Marsico Growth Portfolio. The prospectus is supplemented as follows: On page 1 of the prospectus under the heading "STOCKS," remove the reference to the Nations Capital Growth Portfolio from under the sub-adviser Banc of America Capital Management, LLC. On page 9 of the prospectus in the INVESTMENT OPTIONS section, remove the Nations Capital Growth Portfolio from under the sub-adviser Banc of America Capital Management, LLC. Date: January 23, 2004 Please keep this Supplement with your prospectus.