exhibit164b.htm - Generated by SEC Publisher for SEC Filing

Aetna Life Insurance and Annuity Company
Home Office: 151 Farmington Avenue
Hartford, Connecticut 06156
(800) 531-4547

A STOCK COMPANY

Aetna Life Insurance and Annuity Company, herein
called Aetna, agrees to pay the benefits stated
in this Contract.

Specifications ------------------------------------------------------------------------Plan AETNA MULTI-RATE ANNUITY ------------------------------------------------------------------------Type of Plan SINGLE PREMIUM MODIFIED GUARANTEED DEFERRED ANNUITY ------------------------------------------------------------------------Contract Holder(s) ANY INDIVIDUAL ------------------------------------------------------------------------Contract No. SPECIMEN ------------------------------------------------------------------------Effective Date DECEMBER 1, 1995 ------------------------------------------------------------------------This Contract is Delivered in YOUR STATE and is Subject to the Laws of that Jurisdiction

Right to Cancel ------------------------------------------------------------------------

Individual Single Premium Modified Guaranteed Deferred Annuity Contract Nonparticipating

THIS CONTRACT CONTAINS A MARKET VALUE ADJUSTMENT FORMULA. APPLICATION OF A MARKET VALUE ADJUSTMENT MAY RESULT IN EITHER AN INCREASE OR DECREASE IN THE CURRENT VALUE. THE MARKET VALUE ADJUSTMENT FORMULA DOES NOT APPLY TO A GUARANTEED PERIOD AT THE TIME OF ITS MATURITY.




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Specifications
------------------------------------------------------------------------
Guaranteed		There is a guaranteed interest rate for the Purchase Payment held in the AMG Account. (See Contract Schedule I) .
Interest Rate



Deduction from
Purchase		The Purchase Payment may be subject to a deduction for premium taxes, if applicable. (See 3.01. )
Payment

Surrender		There may be a charge deducted upon surrender. (See Contract Schedule 1) .
Fee

This Contract is a legal contract and constitutes the entire legal relationship between Aetna and the Contract Holder. READ THIS CONTRACT CAREFULLY. This Contract sets forth, in detail, all of the rights and obligations of both you and Aetna. IT IS THEREFORE IMPORTANT THAT YOU READ THIS CONTRACT CAREFULLY.

		the Current Value is [$50,000] or more
		on the date the Maintenance Fee is to
		be deducted, the Maintenance Fee is
		$0. ]

Annuity Date:		The Annuity Date will be the later of
		the date the Annuitant reaches age [85]
		or the [10th] anniversary of the
		Purchase Payment.

Minimum Purchase		[$10,000. ]
Payment:

Maximum Purchase		Purchase Payments exceeding
Payment:		[$1,000,000] must be approved by Aetna.

Minimum Guaranteed Period		[$1,000. ]
Allocation Amount:

Maximum Age of		[90. ] If there are joint Contract
Certificate Holder at Issue:		Holders, the age of the oldest Contract
		Holder cannot exceed [90. ]

Surrender Fee:		Length of Time from Surrender Fee Contract Effective (Percentage of Net Date (Years) Purchase Payment Withdrawn)

After seven years have elapsed from the contract effective date, the Surrender Fee will no longer be assessed.

3.11	PAYMENT OF ADJUSTED CURRENT VALUE		17

IV. ANNUITY PROVISIONS
------------------------------------------------------------------------

4.01	CHOICES TO BE MADE		17

4.02	TERMS OF ANNUITY OPTIONS		17

4.03	DEATH OF ANNUITANT/ BENEFICIARY		18

4.04	ANNUITY OPTIONS		18

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I. GENERAL DEFINITIONS
------------------------------------------------------------------------
1.01	Accumulation Period:	The period during which the Net
		Purchase Payment is applied to the
		Contract to provide future Annuity
		payment(s) .

1.02	Adjusted Current Value:	The Current Value of a Contract plus or
		minus any aggregate AMG Account MVA, if
		applicable. (see 1.20)

1.03	Annuitant:	The person named by the Contract Holder
		whose life is measured for purposes of
		the guaranteed death benefit and the
		duration of Annuity payments under this
		Contract. Subject to Aetna's approval,
		the Annuitant may be changed by the
		Contract Holder by notifying Aetna in
		writing prior to the Annuity Date of
		this Contract.

1.04	Annuity:	Payment of an income:

		(a)	For the life of one or two
			persons;
		(b)	For a stated period; or
		(c)	For some combination of (a)
			and (b) .

1.05	Annuity Date:	The date on which Annuity payments
		begin under an Annuity option elected
		by the Contract Holder. (see 4.01) . The
		Annuity Date is shown on Contract
		Schedule I. The Contract Holder may
		change this date by notifying Aetna at
		least 30 days prior to the Annuity
		Date.

1.06	Beneficiary:	The person(s) entitled to receive death
		benefits under the terms of this
		Contract.

1.07	Code:	The Internal Revenue Code of 1986, as
		it may be amended from time to time.

1.08	Contract:	This agreement between Aetna and the
		Contract Holder.

1.09	Contract Holder:	The entity to which the Contract is
		issued. Joint Contract Holders must be
		spouses.

1.10	Current Value:	The Net Purchase Payment plus any
		interest credited; less all Maintenance
		Fees deducted, any amounts surrendered
		and any amounts applied to an Annuity.

1.11	Deposit Period:	A calendar week, a calendar month, a
		calendar quarter, or any other period
		of time specified by Aetna during which
		the Net Purchase Payment and
		Reinvestments are accepted into the AMG
		Account for one or more Guaranteed
		Periods. Aetna reserves the right to
		extend the Deposit Period.

1.12	Entire Contract:	The Contract, all attached pages and
		any subsequent endorsements make up the
		Entire Contract.

1.13	Fixed Annuity:	An Annuity with payments that do not
		vary in amount based on investment

		performance.

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1.14	General Account:	The account holding the assets of
		Aetna, other than those assets held in
		Aetna's separate accounts.

1.15	Guaranteed Rates -	Aetna will declare the interest rate
	AMG Account:	applicable for each Guaranteed Period
		at the start of the Deposit Period for
		that applicable Guaranteed Period. The
		rate(s) are guaranteed by Aetna for
		that Deposit Period and the ensuing
		Guaranteed Period(s) . The Guaranteed
		Rates are effective annual rates of
		return. That is, interest is credited
		daily at a rate that will produce the
		Guaranteed Interest Rate over the
		period of a year. No Guaranteed Rate
		will ever be less than the Minimum
		Guaranteed Interest Rate shown on
		Contract Schedule I.

		For Guaranteed Periods of one year or
		less, one Guaranteed Rate is credited
		for the full Guaranteed Period. For
		longer Guaranteed Periods, an initial
		Guaranteed Rate is credited from the
		date of deposit to the end of a
		specified period within the Guaranteed
		Period. There may be different
		Guaranteed Rate(s) declared at the
		beginning of the Deposit Period for
		subsequent specified time intervals
		throughout the Guaranteed Period.

1.16	Guaranteed Period:	The period of time for which Guaranteed
		Rates are guaranteed on the Net
		Purchase Payment and Reinvestments made
		during a current Deposit Period. Such
		period begins on the day following the
		close of the Deposit Period and ends on
		the designated Maturity Date.
		Guaranteed Periods are offered at
		Aetna's discretion for various lengths
		of time ranging up to and including ten
		(10) years.

		During a Deposit Period, Aetna may make
		available any number of Guaranteed
		Periods. The Contract Holder may
		allocate the Net Purchase Payment or
		Reinvestment into any or all of the
		available Guaranteed Periods.

1.17	Guaranteed Period	All Guaranteed Periods with the same
	Groups:	length of time from the close of the
		Deposit Period until the designated
		Maturity Date.

1.18	Maintenance Fee:	The Maintenance Fee, if any (see
		Contract Schedule I), will be deducted
		during the Accumulation Period on each
		anniversary of the date the Contract is
		established and upon surrender of the
		entire Contract.

1.19	ALIAC Modified	An accumulation option where Aetna
	Guaranteed Account	guarantees rate(s) of interest for
	(AMG Account):	specified periods of time. All assets
		of Aetna, including amounts in the
		Nonunitized Separate Account, are
		available to meet the guarantees under
		the AMG Account.

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1.20	Market Value Adjustment (MVA):	An adjustment that may apply to the
		amount withdrawn from a Guaranteed
		Period prior to the end of that
		Guaranteed Period. The adjustment
		reflects the change in the value of the
		investment due to changes in interest
		rates since the date of deposit and is
		computed using the formula given in

		3.02. The adjustment is expressed as a
		percentage or a factor of each dollar
		being withdrawn. 1.21 Matured Period
		Value: The amount payable on Guaranteed
		Period's Maturity Date.

1.22	Maturity Date:	The last day of a Guaranteed Period.

1.23	Net Purchase Payment:	The Purchase Payment less premium
		taxes, as applicable.

1.24	Nonunitized Separate	A separate account set up by Aetna
	Account:	under Title 38, Section 38a-433, of the
		Connecticut General Statutes, that
		holds assets for AMG Account Guaranteed
		Periods. There are no discrete units
		for the AMG Account. The Contract
		Holder does not participate in the
		investment gain or loss from the assets
		held in the Nonunitized Separate
		Account. Such gain or loss is borne
		entirely by Aetna. The assets held in
		the AMG Account may be chargeable with
		liabilities arising out of any other
		business of Aetna.

1.25	Purchase Payment:	Payment accepted by Aetna at its Home
		Office. Aetna reserves the right to
		refuse to accept any Purchase Payment
		at any time for any reason.

1.26	Reinvestment:	Aetna will notify the Contract Holder
		of the approaching Maturity Date at
		least 18 calendar days prior to the end
		of any Guaranteed Period. If no
		specific direction is given by the
		Contract Holder prior to the Maturity
		Date, each Matured Period Value will be
		reinvested on the Maturity Date for a
		Guaranteed Period of the same duration.
		If a Guaranteed Period of the same
		duration is unavailable, each Matured
		Period Value will automatically be
		reinvested on the Maturity Date for the
		next shortest Guaranteed Period
		available. If no shorter Guaranteed
		Period is available, the next longer
		Guaranteed Period will be used. Aetna
		will mail a confirmation statement to
		the Contract Holder the next business
		day after the Maturity Date.

		At any time prior to the Maturity Date,
		the Contract Holder may request in
		writing a reinvestment of the Matured
		Period Value in a different Guaranteed
		Period(s) or a surrender of all or a
		part of the Matured Period Value
		without an MVA or Surrender Fee. Such
		request will be executed on the
		Maturity Date. If reinvesting in a
		different Guaranteed Period(s), all or
		part of the Matured Period Value will
		be reinvested in the elected Guaranteed
		Period(s) at the then prevailing
		rate(s) . This provision only applies to
		a written request from the Contract
		Holder received at Aetna's Home Office
		in good order at least five (5) days
		prior to the Maturity Date.

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1.27	Surrender Value:	The amount payable by Aetna upon the
		surrender of all or any portion of the
		Contract.

II.	GENERAL PROVISIONS
------------------------------------------------------------------------
2.01	Change of Contract:	Only an authorized officer of Aetna may
		change the terms of this Contract.
		Aetna reserves the right to modify this
		Contract to meet the requirements of
		applicable state and federal laws or
		regulations. Aetna will notify the
		Contract Holder in writing of any
		changes.

2.02	Nonparticipating Contract:	Contract Holders or Beneficiaries will
		not have a right to share in the
		earnings of Aetna.

2.03	Payments and Elections:	While the Contract Holder is living,
		Aetna will pay any Annuity payments as
		and when due. After the Contract
		Holder's death, or at the death of the
		first Contract Holder if the Contract
		is owned jointly, any Annuity payments
		will be paid in accordance with 4.03.
		Aetna will make any other payments
		within seven (7) calendar days of
		receipt of a written request for
		payment, which is in good order, at its
		Home Office, except as provided in
		3.10.

2.04	State Laws:	The Contract complies with the laws of
		the state in which it is delivered. Any
		surrender, death, or Annuity payments
		are equal to or greater than the
		minimum required by such laws. Annuity
		tables for legal reserve valuation
		shall be as required by state law. Such
		tables may be different from Annuity
		tables used to determine Annuity
		payments.

2.05	Control of Contract:	This is a Contract between the Contract
		Holder and Aetna. The Contract Holder
		has all rights, title and interest in
		amounts held in this Contract.

		Choices made under this Contract must
		be in writing. If the Contract is owned
		jointly, both Contract Holders must
		authorize any choices in writing. Until
		receipt of such choices at Aetna's Home
		Office, Aetna may rely on any previous
		choices made.

		The Contract is not subject to the
		claims of any creditors of the Contract
		Holder, except to the extent permitted
		by law. The Contract Holder may assign
		or transfer his or her rights under the
		Contract. Aetna reserves the right not
		to accept assignment or transfer to a
		nonnatural person. Any assignment or
		transfer made must be submitted to
		Aetna's Home Office in writing and will
		not be effective until accepted by
		Aetna. Aetna assumes no responsibility
		for the validity of any assignment.

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2.06	Designation of Beneficiary:	The Contract Holder shall name his or
		her Beneficiary. The Beneficiary may be
		changed at any time. Changes to a
		Beneficiary must be submitted to
		Aetna's Home Office in writing and will
		not be effective until received and
		recorded by Aetna.



2.07	Misstatements and Adjustments:	If Aetna finds the age of any Annuitant
		to be misstated, the correct facts will
		be used to adjust payments.

2.08	Incontestability:	Aetna will not contest this Contract
		from its effective date.


III.	PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS
------------------------------------------------------------------------
3.01	Net Purchase Payment:	This amount is the actual Purchase
		Payment less any applicable premium
		tax. Aetna reserves the right to deduct
		any premium tax at any time from the
		Purchase Payment or from the Contract
		Holder's Current Value.

		The Contract Holder shall tell Aetna
		the allocation percentage of the Net
		Purchase Payment to be applied to each

	of the available Guaranteed Periods
	during the current Deposit Period(s) .
	The minimum amount that may be
	allocated to any Guaranteed Period is
	shown on Contract Schedule l.

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3.02 Market Value Adjustment:	There will be an MVA for any withdrawal
	before the end of a Guaranteed Period
	when the withdrawal is due to:

	(a)	Any full or partial surrender, but
		not for a partial withdrawal under
		the Systematic Withdrawal Option
		(see 3.05); or

	(b)	Payment made to a Beneficiary as a
		death benefit during the
		Accumulation Period, but not
		payment made within six months of
		the date of the Annuitant's death
		(see 3.06); or

	(c)	An election of an Annuity option.
		Only a positive MVA, if any, will
		apply upon election of option 2 or
		3 (see 4.04) .

	Market value adjusted amounts will be
	equal to the amount withdrawn
	multiplied by the following ratio:

		x
		---
		365
	(1 + i)
	----------------
		x
		---
		365
	(1 + j)

	Where:

	i	is the Deposit Period Yield
	j	is the Current Yield
	x	is the number of days remaining,
		(computed from Wednesday of the week
		of withdrawal) in the Guaranteed
		Period.

	The Deposit Period Yield will be
	determined as follows:

	(a)	At the close of the last business
		day of each week of the Deposit
		Period, a yield will be computed
		as the average of the yields on
		that day of U. S. Treasury Notes
		which mature in the last three
		months of the Guaranteed Period.

	(b)	The Deposit Period Yield is the
		average of those yields for the
		Deposit Period. If withdrawal is
		made before the close of the
		Deposit Period, it is the average
		of those yields on each week
		preceding withdrawal.

	The Current Yield is the average of the
	yields on the last business day of the
	week preceding withdrawal on the same
	U. S. Treasury Notes included in the
	Deposit Period Yield.

	In the event that no U. S. Treasury
	Notes which mature in the last three
	months of the Guaranteed Period exist,
	Aetna reserves the right to use the
	U. S. Treasury Notes that mature in the
	following quarter.

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3.03	Notice to the Contract	The Contract Holder will receive
	Holder:	statements at least annually from Aetna
		showing the value of any amounts held
		in the AMG Account.

		Such values will be as of a specific
		date no more than 60 days before the
		date of the notice.

3.04	Loans:	Loans are not available under this
		Contract.

3.05	Systematic Withdrawal	The Contract Holder may elect a
	Option (SWO):	distribution option under which a
		portion of the Current Value will
		automatically be surrendered and
		distributed each year. SWO payments
		will be calculated based on the
		Contract's full Current Value. The
		distributed amount is withdrawn pro
		rata from each Guaranteed Period(s) . A
		Surrender Fee will not be deducted from
		any portion of the Current Value which
		is paid as a distribution under SWO.

		Contract Holders should consult their
		tax adviser prior to requesting this
		distribution option.

		(a) Amount of Distribution: The
		Contract Holder may elect one of
		the three payment methods
		described below.

		(1)	Specified Payment: Payments
			of a designated dollar
			amount. The annual amount may
			not be greater than the
			percentage shown on Contract
			Schedule I times the Current
			Value at time of election.
			This annual dollar amount
			will remain constant. At its
			discretion, Aetna may require
			a minimum initial payment
			amount;

		(2)	Specified Period: Payments
			which are made over a period
			of time which must be at
			least 10 years. The annual
			amount paid each year is
			calculated by dividing the
			Current Value as of December
			31 of the prior year by the
			number of payment years
			remaining; or

		(3)	Specified Percentage: Payment
			of a designated percentage
			which cannot be greater than
			the percentage shown on
			Contract Schedule I. The
			percentage may be changed by
			written request. Aetna
			reserves the right to limit
			the number of times the
			percentage may be changed.
			The annual amount is
			calculated by multiplying the
			Current Value as of December
			31 of the year prior to the
			payment by the designated
			percentage.

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3.05	Systematic Withdrawal	Payments upon the Contract Holder's or
	Option (SWO):	Annuitant's death will be made to the
	(Cont'd)	Beneficiary in the manner described in
		3.07.

		(b) Minimum Initial Current Value: At
		its discretion, Aetna may require
		a minimum initial Current Value
		for election of this option. If
		after election of this option the
		Current Value is insufficient to

		make a scheduled SWO payment,
		Aetna will distribute the entire
		balance.

	(c)	Date of Distribution: The Contract
		Holder shall specify the initial
		distribution date. As elected by
		the Contract Holder, SWO payments
		will be made on a monthly or
		quarterly basis unless Aetna
		allows otherwise. If SWO payments
		are made more frequently than
		annually, the designated annual
		amount is divided by the number of
		payments due each calendar year.
		Subsequent distributions will be
		made on the 15th of any month or
		such other date as Aetna may
		designate or allow.

	(d)	Election and Revocation: SWO may
		be elected by submitting a
		completed and signed election form
		to Aetna's Home Office. Aetna
		reserves the right to establish
		the date when SWO may first be
		elected by a Contract Holder. Once
		elected, this option may be
		revoked by the Contract Holder or
		spousal Beneficiary, if elected
		after the Contract Holder's death,
		by submitting a written request to
		Aetna at its Home Office. Any
		revocation will apply only to
		amounts not yet paid. SWO may be
		elected only once by the Contract
		Holder or by the spousal
		Beneficiary.

3.06 Death Benefit Amount:	If the Contract Holder or Annuitant
	dies before Annuity payments start, the
	Beneficiary is entitled to a death
	benefit under the Contract. If the
	Contract is owned jointly, the death
	benefit is paid at the first death of
	either of the joint Contract Holders.
	If the Contract is held by joint
	Contract Holders, the survivor will be
	deemed the designated Beneficiary and
	any other Beneficiary on record will be
	treated as the contingent Beneficiary.
	If the Contract Holder is a nonnatural
	person, the death benefit will be
	payable at the death of the Annuitant.
	If paid within 6 months of the date of
	the Annuitant's death, the death
	benefit will be the Current Value of
	the Contract. Otherwise, the death
	benefit will be the Adjusted Current
	Value determined as of the claim date.
	The claim date is the date when proof
	of death and the Beneficiary's claim
	are received in good order at Aetna's
	Home Office.

	When the Contract Holder dies and the
	Contract Holder is not the Annuitant,
	the death benefit payable will be
	subject to a Surrender Fee, if
	applicable.

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3.07 Death Benefit Options	Prior to any election, or until amounts
available to Beneficiary:	must be otherwise distributed under
	this section, the Current Value will be
	retained in the Contract. The following
	options are available to the
	Beneficiary:

	(a)	When the Contract Holder dies or
		if the Contract Holder is not a
		natural person, when the Annuitant
		dies:

		(1) If the Beneficiary is the
		Contract Holder's surviving
		spouse, the Beneficiary may

			exercise all Contract Holder
			rights under the Contract and
			continue in the Accumulation
			Period, or may elect (i) or
			(ii) below. Distributions
			from the Contract are not
			required until the spousal
			Beneficiary's death. The
			spousal Beneficiary may elect
			to:

			(i) Apply some or all of the
			death benefit amount to
			an Annuity option 1, 2
			or 3 (see 4.04); or

			(ii) Receive, at any time, a
			lump sum payment equal
			to the death benefit
			amount.

		(2)	If the Beneficiary is an
			individual who is not the
			Contract Holder's surviving
			spouse, then options (i) or
			(ii) under (1) above apply.
			Any portion of the death
			benefit amount not applied to
			Annuity option 1, 2 or 3
			within one year of the
			Contract Holder's death, must
			be distributed within five
			years of the date of death.

		(3)	If the Beneficiary is not a
			natural person, then only
			option (ii) under (1) above
			applies.

		(4)	If no Beneficiary has been
			designated, a lump sum
			payment equal to the death
			benefit amount will be made
			to the Contract Holder's
			estate.

		(b) If the Contract Holder is a
		natural person but is not the
		Annuitant, and the Annuitant dies,
		the Beneficiary may elect either
		to apply the death benefit amount
		to Annuity option 1, 2 or 3 within
		60 days of the Annuitant's date of
		death, or to receive a lump sum
		payment.

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3.08	Liquidation of Surrender	All or any portion of the Contract's
	Value:	Current Value may be surrendered at any
		time prior to the Annuity Date.
		Surrender requests can be submitted as
		a percentage of the Contract value or
		as a specific dollar amount. Net
		Purchase Payment amounts are withdrawn
		first, and then the excess value, if
		any. For any partial surrender, amounts
		are withdrawn on a pro rata basis from
		the Guaranteed Period(s) Groups of the
		AMG Account in which the Current Value
		is invested. Within a Guaranteed Period
		Group, the amount to be surrendered
		will be withdrawn first from the oldest
		Deposit Period, then from the next
		oldest, and so on until the amount
		requested is satisfied.

		After deduction of the Maintenance Fee
		and any Premium Tax, if applicable, the
		surrendered amount shall be reduced by
		a Surrender Fee, if applicable. An MVA
		may apply to amounts surrendered.

3.09	Surrender Fee:	The Surrender Fee only applies to the
		Net Purchase Payment portion
		surrendered and varies according to the
		elapsed time from the Contract
		effective date (see Contract Schedule

		I) .

		No Surrender Fee is deducted from any
		portion of the Current Value which is
		paid:

		(a)	To a Beneficiary due to the
			Annuitant's death before Annuity
			payments start (see 3.06);

		(b)	As a premium for an Annuity option
			1, 2 or 3 under this Contract (see
			4.04);

		(c)	As a distribution under the SWO
			provision (see 3.05);

		(d)	At least 12 months after the date
			of the Purchase Payment, in an
			amount equal to or less than the
			special withdrawal percentage
			shown on Contract Schedule l times
			the current value at the time of
			the withdrawal. This applies to
			the first surrender request,
			partial or full, in a calendar
			year. The Current Value is
			calculated as of the date the
			surrender request is received in
			good order at Aetna's Home Office.
			This waiver is not available to
			the Contract Holder while SWO is
			in effect;

		(e)	For a full surrender of the
			Contract where the Current Value
			is $2,500 or less and no
			surrenders have been taken from
			the Contract within the prior 12
			months; or

		(f)	Upon withdrawal of any Matured
			Period Value; or

		(g)	By Aetna under 3.11.

3.10	Payment of Surrender	Under certain emergency conditions, as
	Value:	allowed by law, Aetna may defer payment
		for a period of up to 6 months.

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3.11	Payment of Adjusted	Upon 90 days' written notice to the
	Current Value:	Contract Holder, Aetna will terminate
		any Contract if the Current Value
		becomes less than $2,500 immediately
		following any partial surrender. A
		Surrender Fee will not be deducted from
		the Adjusted Current Value.

IV.	ANNUITY PROVISIONS
------------------------------------------------------------------------
4.01	Choices to be Made:	The Contract Holder may tell Aetna to
		apply any portion of the Adjusted
		Current Value (minus any premium tax)
		for an Annuity under option 1, 2 or 3
		(see 4.04) . The first Annuity payment
		may not be earlier than twelve months
		after the Purchase Payment At least 30
		days prior to the Annuity Date, the
		Contract Holder must tell Aetna which
		Annuity option is elected. Annuity
		payments will be made monthly, unless
		the Contract Holder elects otherwise in
		writing.

		In lieu of the election of an Annuity,
		the Contract Holder may elect a lump
		sum payment.

		The Annuity purchase rate for the
		option chosen reflects the Minimum
		Guaranteed Interest Rate (see Contract
		Schedule II), but may reflect a higher
		interest rate.

4.02	Terms of Annuity Options	(a)	When payments start, the age of
			the Annuitant plus the number of

			years for which payments are
			guaranteed must not exceed 95.

		(b)	An Annuity option may not be
			elected if the first payment would
			be less than $50 or if the total
			payments in a year would be less
			than $250 (less if required by
			state law) . Aetna reserves the
			right to increase the minimum
			first Annuity payment amount and
			the annual minimum Annuity payment
			amount based upon increases
			reflected in the Consumer Price
			Index-Urban, (CPI-U) since July 1,
			1993.

		(c)	If an Annuity under option 1, 2 or
			3 is chosen and a larger payment
			would result from applying the
			Surrender Value to a current Aetna
			single premium immediate Annuity,
			Aetna will make the larger
			payment.

		(d)	For purposes of calculating the
			guaranteed first payment of an
			Annuity, the Annuitant's and
			second Annuitant's adjusted age
			will be used. The Annuitant's and
			second Annuitant's adjusted age is
			his or her age as of the birthday
			closest to the Annuity
			commencement date reduced by one
			year for Annuity commencement
			dates occurring during the period
			of time through December 31, 1999.

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4.02	Terms of Annuity Options	The Annuitant's and second Annuitant's
	(Cont'd)	age will be reduced by two years for
		Annuity commencement dates occurring
		during the period of time from January
		1, 2000 through December 31, 2009. The
		Annuitant's and second Annuitant's age
		will be reduced by one additional year
		for Annuity commencement dates
		occurring in each succeeding decade.
		The Annuity purchase rates for options
		2 and 3 are based on mortality from
		1983 Table a.

		(e)	Once elected, an Annuity option
			may not be revoked and Annuity
			payments cannot be commuted to a
			lump sum.

4.03	Death of Annuitant/	If the Annuitant dies after Annuity
	Beneficiary:	payments have begun, the death benefit,
		if any, will be payable to the
		Beneficiary as specified in the Annuity
		option elected. Death benefits will be
		paid at least as rapidly as under the
		method of distribution in effect at the
		or Annuitant's death.

		If the Contract Holder who is not the
		Annuitant dies after Annuity payments
		have begun, any remaining payments
		under the Annuity option elected will
		be made to the Beneficiary at least as
		rapidly as under the method of
		distribution in effect at the Contract
		Holder's death.

		If the Contract is held by joint
		Contract Holders, the survivor will be
		deemed the designated Beneficiary and
		any other Beneficiary on record will be
		treated as the contingent Beneficiary.

		Aetna will require proof of death.

4.04	Annuity Options:	Option 1 -- Payments for a Stated
		Period of Time -- An Annuity will be
		paid for the number of years chosen.
		The number of years must be at least 10

			and not more than 30.

			If a nonspouse Beneficiary elects this
			option at the death of the Contract
			Holder, the period selected may not
			extend beyond the Beneficiary's life
			expectancy.

			Option 2 -- Life Income -- An Annuity
			will be paid for the life of the
			Annuitant, if also chosen, Aetna will
			guarantee payments for 60, 120, 180, or
			240 months.

			Option 3 -- Life Income Based upon the
			Lives of Two Annuitants -- An Annuity
			will be paid during the lives of the
			Annuitant and a second Annuitant.
			Payments will continue until both
			Annuitants have died. When this option
			is chosen, one of the following choices
			must be made:

			(a)	100% of the payment to continue
				after the first death;
			(b)	66 2/3% of the payment to continue
				after the first death;

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4.04	Annuity Options:		(c)	50% of the payment to continue
	(Cont'd)			after the first death;

			(d)	Payments for a minimum of 120
				months with 100% of the payment to
				continue after the first death; or

			(e)	100% of the payment to continue at
				the death of the second Annuitant
				and 50% of the payment to continue
				at the death of the Annuitant.

			Other Options -- Aetna may make other
			options available as allowed by the
			laws of the state in which the Contract
			is delivered.

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OPTION 1

Payments for a Stated Period of Time

Amount of First Monthly Payment for Each $1,000
After Deduction of any Charge for Premium Taxes

Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%


	Guaranteed	Monthly	Quarterly		Semi-Annual	Annual
Years	Rate	Payment	Payment		Payment	Payment



5	3.00%	17.91	53.59		106.78	211.99
6	3.00%	15.14	45.30		90.27	179.22
7	3.00%	13.16	39.39		78.49	155.83
8	3.00%	11.68	34.96		69.66	138.31
9	3.00%	10.53	31.52		62.81	124.69
10	3.00%	9.61	28.77		57.33	113.82
11	3.00%	8.86	26.52		52.85	104.93
12	3.00%	8.24	24.65		49.13	97.54
13	3.00%	7.71	23.08		45.98	91.29
14	3.00%	7.26	21.73		43.29	85.95
15	3.00%	6.87	20.56		40.96	81.33
16	3.00%	6.53	19.54		38.93	77.29
17	3.00%	6.23	18.64		37.14	73.74
18	3.00%	5.96	17.84		35.56	70.59
19	3.00%	5.73	17.13		34.14	67.78
20	3.00%	5.51	16.50		32.87	65.26
21	3.00%	5.32	15.92		31.72	62.98
22	3.00%	5.15	15.40		30.68	60.92
23	3.00%	4.99	14.92		29.74	59.04
24	3.00%	4.84	14.49		28.88	57.33
25	3.00%	4.71	14.09		28.08	55.76

26	3.00%	4.59	13.73	27.36		54.31
27	3.00%	4.47	13.39	26.68		52.97
28	3.00%	4.37	13.08	26.06		51.74
29	3.00%	4.27	12.79	25.49		50.60
30	3.00%	4.18	12.52	24.95		49.53


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			OPTION 2

			Life Income

	Amount of First Monthly Payment for Each $1,000
	After Deduction of any Charge for Premium Taxes

Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%

	Payments Guaranteed for a Stated Period of Months



Adjusted Age
of	None		60	120	180	240
Annuitant


50	$4.05		$4.05	$4.03	$3.99	$3.93
51	4.12		4.11	4.09	4.05	3.99
52	4.19		4.19	4.16	4.11	4.04
53	4.27		4.26	4.23	4.18	4.10
54	4.35		4.34	4.31	4.25	4.16

55	4.44		4.42	4.39	4.32	4.22
56	4.53		4.51	4.47	4.40	4.29
57	4.62		4.61	4.56	4.48	4.35
58	4.72		4.71	4.65	4.56	4.42
59	4.83		4.81	4.75	4.64	4.49

60	4.95		4.93	4.86	4.73	4.55
61	5.07		5.05	4.97	4.83	4.62
62	5.20		5.17	5.08	4.92	4.69
63	5.34		5.31	5.20	5.02	4.76
64	5.49		5.45	5.33	5.12	4.83

65	5.65		5.61	5.47	5.22	4.89
66	5.82		5.77	5.61	5.33	4.96
67	6.01		5.94	5.75	5.44	5.02
68	6.20		6.13	5.91	5.54	5.08
69	6.41		6.33	6.07	5.65	5.14

70	6.64		6.54	6.23	5.76	5.19
71	6.88		6.76	6.41	5.86	5.24
72	7.14		7.00	6.59	5.97	5.28
73	7.43		7.26	6.77	6.06	5.32
74	7.73		7.53	6.96	6.16	5.35

75	8.06		7.82	7.14	6.25	5.38
</TABLE>

Rates are based on mortality from 1983 Table a. The rates do not differ by sex. Rates for ages not shown will be provided on request and will be computed on a basis consistent with the rates in the above tables.



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			OPTION 3

		Life Income for Two Payees

	Amount of First Monthly Payment for Each $1,000
	After Deduction of any Charge for Premium Taxes

Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%



Adjusted Ages
Annuitant	Second Annuitant		Option 3a	Option 3b	Option 3c		Option 3d	Option 3e
---------	----------------		---------	---------	---------		---------	---------


55	50		$3.69	$4.05		$4.27	$3.69	$4.03
55	55		3.88	4.25		4.47	3.87	4.14

55	60	3.99	4.44	4.71	3.98	4.42

60	55	3.99	4.44	4.71	3.98	4.42
60	60	4.24	4.71	4.99	4.23	4.57
60	65	4.38	4.97	5.32	4.38	4.93

65	60	4.38	4.97	5.32	4.38	4.93
65	65	4.72	5.33	5.70	4.71	5.14
65	70	4.93	5.68	6.15	4.91	5.66

70	65	4.93	5.68	6.15	4.91	5.66
70	70	5.40	6.21	6.70	5.36	5.96
70	75	5.69	6.68	7.32	5.62	6.67

75	70	5.69	6.68	7.32	5.62	6.67
75	75	6.37	7.45	8.15	6.23	7.12
75	80	6.78	8.11	8.99	6.54	8.13
---------	----------------	---------	---------	---------	---------	---------


Rates are based on mortality from 1983 Table a. The rates do not differ by sex. Rates for ages not shown will be provided on request and will be computed on a basis consistent with the rates in the above tables.



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		[AETNA LOGO]
	Aetna Life Insurance and Annuity Company
	Home Office: 151 Farmington Avenue
	Hartford, Connecticut 06156
		(800) 531-4547


Individual Single Premium Modified Guaranteed Deferred Annuity Contract Nonparticipating



THIS CONTRACT CONTAINS A MARKET VALUE ADJUSTMENT FORMULA. APPLICATION OF A
MARKET VALUE ADJUSTMENT MAY RESULT IN EITHER AN INCREASE OR DECREASE IN THE
CURRENT VALUE. THE MARKET VALUE ADJUSTMENT FORMULA DOES NOT APPLY TO A
GUARANTEED PERIOD AT THE TIME OF ITS MATURITY.

12-MGA-95

The Contract Holder may cancel this Contract within 10 days of receiving it by
returning this Contract along with a written notice to Aetna at the above
address or to the agent		from whom it was purchased. Within 7 days after it
receives the notice of cancellation and this Contract at its Home Office,
Aetna will return the entire consideration paid.

Signed at the Home Office on the Effective Date.

/s/Dan Kearney		/s/Susan Schechter
President		Secretary

Minimum Guaranteed		[3.0%]
Interest Rate:
(effective annual rate of return)

Maintenance Fee:		The annual Maintenance Fee is [$0. ] [If

Less than 1 year		7%
1 year but less than 2		7%
2 years but less than 3		6%
3 years but less than 4		6%
4 years but less than 5		5%
5 years but less than 6		4%
6 years but less than 7		2%
7 years or more		0%

1.01	ACCUMULATION PERIOD	7
1.02	ADJUSTED CURRENT VALUE	7
1.03	ANNUITANT	7
1.04	ANNUITY	7
1.05	ANNUITY DATE	7

1.06	BENEFICIARY	7
1.07	CODE	7
1.08	CONTRACT	7
1.09	CONTRACT HOLDER	7
1.10	CURRENT VALUE	7
1.11	DEPOSIT PERIOD	7
1.12	ENTIRE CONTRACT	7
1.13	FIXED ANNUITY	7
1.14	GENERAL ACCOUNT	8
1.15	GUARANTEED RATES - AMG ACCOUNT	8
1.16	GUARANTEED PERIOD	8
1.17	GUARANTEED PERIOD GROUPS	8
1.18	MAINTENANCE FEE	8
1.19	ALIAC MODIFIED GUARANTEED ACCOUNT (AMG ACCOUNT)	8
1.20	MARKET VALUE ADJUSTMENT (MVA)	9
1.21	MATURED PERIOD VALUE	9
1.22	MATURITY DATE	9
1.23	NET PURCHASE PAYMENT	9
1.24	NONUNITIZED SEPARATE ACCOUNT	9
1.25	PURCHASE PAYMENT	9
1.26	REINVESTMENT	9
1.27	SURRENDER VALUE	10

2.01	CHANGE OF CONTRACT	10
2.02	NONPARTICIPATING CONTRACT	10
2.03	PAYMENTS AND ELECTIONS	10
2.04	STATE LAWS	10
2.05	CONTROL OF CONTRACT	10
2.06	DESIGNATION OF BENEFICIARY	11
2.07	MISSTATEMENTS AND ADJUSTMENTS	11
2.08	INCONTESTABILITY	11

III. PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS

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

3.01	NET PURCHASE PAYMENT	11
3.02	MARKET VALUE ADJUSTMENT	12
3.03	NOTICE TO THE CONTRACT HOLDER	13
3.04	LOANS	13
3.05	SYSTEMATIC WITHDRAWAL OPTION (SWO)	13
3.06	DEATH BENEFIT AMOUNT	14
3.07	DEATH BENEFIT OPTIONS AVAILABLE TO BENEFICIARY	15
3.08	LIQUIDATION OF SURRENDER VALUE	16
3.09	SURRENDER FEE	16
3.10	PAYMENT OF SURRENDER VALUE	16