-----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, TrCRXcoyzaIfvjASfxo2SelGXqH2JQhfCY6IKttT7dL54nJeRlar4PwWkWDtzkFE TpRM5YuQNEa7IJ+ciOnc/g== 0000881453-99-000106.txt : 20000211 0000881453-99-000106.hdr.sgml : 20000211 ACCESSION NUMBER: 0000881453-99-000106 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990929 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: SEC FILE NUMBER: 333-77213 FILM NUMBER: 99719649 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 ASXT S2 9/29/99 SUPP Supplement to Prospectus Dated May 3, 1999 Supplement dated September 29, 1999 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. Pursuant to a vote of the shareholders of American Skandia Trust (the "Trust"), the Trust has adopted a Distribution Plan under Rule 12b-1 under the Investment Company Act of 1940 (the "Plan"). The Plan permits the Trust's Distributor, American Skandia Marketing, Inc. ("ASM"), to receive brokerage commissions in connection with purchases and sales of securities held by the Portfolios, and to use these commissions to promote the sale of shares of the Trust. Under the Plan, transactions for the purchase and sale of securities for a Portfolio of the Trust may be directed to certain brokers for execution ("clearing brokers") who have agreed to pay part of the brokerage commissions received on these transactions to ASM for "introducing" transactions to the clearing broker. In turn, ASM will use the brokerage commissions received as an introducing broker to pay various distribution-related expenses, such as advertising, printing of sales materials, and payments to dealers. The brokerage commission rates and amounts paid by the various Portfolios are not expected to increase as a result of the implementation of the Plan, nor are the total returns of the Portfolios expected to be affected adversely. However, the staff of the Securities and Exchange Commission has taken the position that amounts received by ASM as an introducing broker under the Plan should be reflected in the expenses of the Portfolios. The table below estimates how each Portfolio's expenses (as a percentage of Portfolio assets on an annual basis) will be deemed to increase as a result of the implementation of the Plan.
---------------------------------------------- ------------------ ----------------------------------------- ----------------- Portfolio Increase in Portfolio Increase in Expenses Expenses ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Founders Passport 0% AST JanCap Growth 0.01% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST T. Rowe Price International Equity <0.01% AST Bankers Trust Enhanced 500 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST AIM International Equity 0.14% AST Cohen & Steers Realty 0.07% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Janus Overseas Growth <0.01% AST American Century Income & Growth 0.05% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST American Century International Growth 0% AST Lord Abbett Growth and Income 0.08% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Janus Small-Cap Growth 0.05% AST INVESCO Equity Income 0.04% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Kemper Small-Cap Growth 0.18% AST AIM Balanced 0.08% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Lord Abbett Small Cap Value 0% AST American Century Strategic Balanced 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST T. Rowe Price Small Company Value 0% AST T. Rowe Price Asset Allocation 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Neuberger Berman Mid-Cap Growth 0.08% AST T. Rowe Price International Bond 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Neuberger Berman Mid-Cap Value 0.19% AST Federated High Yield 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST T. Rowe Price Natural Resources 0.07% AST PIMCO Total Return Bond 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Oppenheimer Large-Cap Growth 0.05% AST PIMCO Limited Maturity Bond 0% ---------------------------------------------- ------------------ ----------------------------------------- ----------------- ---------------------------------------------- ------------------ ----------------------------------------- ----------------- AST Marsico Capital Growth 0.06% AST Money Market 0% ---------------------------------------------- ------------------ ----------------------------------------- -----------------
The estimates are derived from data regarding each Portfolio's securities transactions, and the proportion of such transactions directed under the Trust's policy of considering the sale of Portfolio shares in selecting broker-dealers to execute transactions, for the twelve months ended June 30, 1999. However, it is not possible to determine with accuracy actual amounts that will be received by ASM from the Plan. Such amounts will vary based upon the level of a Portfolio's brokerage activity, the proportion of such activity directed under the Plan, and other factors. This information was provide by the Trust and has not been independently verified by us. Additional information on Portfolio expenses is included in the Trust's Prospectus under "Fees and Expenses of the Portfolios." ASAP/ ASAP II / ASXT / ASL / AS Pro / ASI / CH2 / ASTr / FPVLI (09/99) -----END PRIVACY-ENHANCED MESSAGE-----