Supplement dated February 12, 2003*
                    to the Prospectuses dated October 8, 2002
      of American Express Retirement Advisor Advantage(SM) Variable Annuity
         American Express Retirement Advisor Select(SM) Variable Annuity
                                S-6406 E (10/02)


This supplement replaces supplement dated November 7, 2002 to the prospectus
dated October 8, 2002.

The following language has been added to the "Enhanced Earnings Death Benefit
(EEB) - Earnings at death," described on page 81 of the prospectus:

Earnings at death for the EEB and EEP:

If the rider effective date is the contract issue date, earnings at death is an
amount equal to the standard death benefit (or the MAV death benefit, if
applicable) minus purchase payments not previously surrendered. If the rider
effective date is AFTER the contract issue date, earnings at death is an amount
equal to the standard death benefit (or the MAV death benefit, if applicable)
minus the greater of:

o    the contract  value  (determined  before  applying any purchase  payment or
     purchase  payment  credit)  as  of  the  rider  effective  date,  less  any
     surrenders of that contract value since the rider effective date; or

o    an amount  equal to the standard  death  benefit or MAV death  benefit,  if
     applicable  (determined  before  applying any purchase  payment or purchase
     payment  credit) as of the rider  effective  date (but before  applying any
     purchase payment or purchase  payment credit),  less any surrenders of that
     death benefit amount since the rider effective date.

plus any purchase payments made on or after the rider effective date that have
not been surrendered and are one year old or more.


S-6406-2 C (2/03)
* Valid until April 30, 2003.