-----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, U//jkmX41r580u6FyxPTRHB/1vyXHMuArycdHpgm/A9F+hDkgUWOYdnls82sIzbp /v5i98T3XPG9ATwHgS+uig== 0000881453-02-000051.txt : 20020415 0000881453-02-000051.hdr.sgml : 20020415 ACCESSION NUMBER: 0000881453-02-000051 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN SKANDIA LIFE ASSURANCE CORP/CT CENTRAL INDEX KEY: 0000881453 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 061241288 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-55608 FILM NUMBER: 02583617 BUSINESS ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 BUSINESS PHONE: 2039261888 MAIL ADDRESS: STREET 1: ONE CORPORATE DRIVE CITY: SHELTON STATE: CT ZIP: 06484 424B3 1 apexii424b3_3-02.htm APEX II S-2 apex II 
APEX II - SUPP. (3/25/2002)
                                            Supplement to Prospectus Dated January 17, 2002
                                                    Supplement dated March 25, 2002


This Supplement  should be retained with the current  Prospectus for your variable  annuity  contract  issued by American  Skandia Life
Assurance  Corporation  ("American  Skandia").  If  you  do  not  have  a  current  Prospectus,  please  contact  American  Skandia  at
1-800-SKANDIA.

Dollar Cost Averaging Promotion

The following provision is inserted in the section of the Prospectus entitled "Do You Offer Dollar Cost Averaging?".

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American Skandia is currently  offering Fixed  Allocations with Guarantee  Periods of 6 months or 12 months  exclusively for use with a
Dollar Cost Averaging program ("DCA Fixed  Allocations").  DCA Fixed  Allocations are designed to automatically  transfer Account Value
in either 6 or 12 payments  under a Dollar Cost  Averaging  program.  Dollar Cost  Averaging  transfers will begin on the day following
the date the DCA Fixed  Allocation  is  established  and each month  following  until the entire  principal  amount  plus  earnings  is
transferred.  DCA Fixed  Allocations may only be established with your initial Purchase Payment or additional  Purchase  Payments.  You
may not transfer  existing Account Value to a DCA Fixed  Allocation.  We reserve the right to terminate  offering these special purpose
Fixed Allocations at any time.
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Account  Value  allocated  to the DCA Fixed  Allocation  will be  transferred  to the  Sub-accounts  you choose  under the Dollar  Cost
Averaging  program.  If you terminate  the Dollar Cost  Averaging  program  before the entire  principal  amount plus earnings has been
transferred to the  Sub-account(s),  you must transfer all remaining Account Value to any other investment  option.  Unless you provide
alternate  instructions  at the time you terminate the Dollar Cost  Averaging  program,  Account Value will be  transferred  to the AST
Money Market  Sub-account.  Transfers from Fixed  Allocations  as part of a Dollar Cost  Averaging  program are not subject to a Market
Value  Adjustment.  However,  a Market Value Adjustment will apply if you terminate the Dollar Cost Averaging program before the entire
principal amount plus earnings has been transferred to the Sub-account(s).


Short-term Fixed Allocations Promotion

The following provision is inserted in the section of the Prospectus entitled "How Do The Fixed Investment Options Work?".

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American  Skandia is currently  offering Fixed  Allocations  with Guarantee  Periods of 3 months or 6 months  exclusively  for use as a
short-term Fixed Allocation  ("Short-term Fixed  Allocations").  Short-term Fixed Allocations may only be established with your initial
Purchase Payment or additional  Purchase  Payments.  You may not transfer existing Account Value to a Short-term Fixed  Allocation.  We
reserve the right to terminate offering these special purpose Fixed Allocations at any time.
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On the Maturity Date of the Short-term  Fixed  Allocation,  the Account Value will be transferred to the  Sub-account(s)  you choose at
the  inception of the  program.  If no  instructions  are  provided,  such Account  Value will be  transferred  to the AST Money Market
Sub-account.  Short-term  Fixed  Allocations  may not be renewed on the Maturity  Date.  If you  surrender  the Annuity or transfer any
Account Value from the Short-term  Fixed  Allocation to any other  investment  option before the end of the Guarantee  Period, a Market
Value Adjustment will apply.
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