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<SEC-DOCUMENT>0000950137-08-008243.txt : 20080606
<SEC-HEADER>0000950137-08-008243.hdr.sgml : 20080606
<ACCEPTANCE-DATETIME>20080605202738
ACCESSION NUMBER:		0000950137-08-008243
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080606
DATE AS OF CHANGE:		20080605
EFFECTIVENESS DATE:		20080606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VARIABLE ANNUITY ACCOUNT FIVE
		CENTRAL INDEX KEY:			0001002779
		IRS NUMBER:				860198983
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-137864
		FILM NUMBER:		08884202

	BUSINESS ADDRESS:	
		STREET 1:		1 SUNAMERICA CENTER
		STREET 2:		CENTURY CITY
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067-6022
		BUSINESS PHONE:		3107726000

	MAIL ADDRESS:	
		STREET 1:		1 SUNAMERICA CENTER
		STREET 2:		CENTURY CITY
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067-6022
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0001002779
<SERIES-ID>S000010553
<SERIES-NAME>VARIABLE ANNUITY ACCOUNT FIVE
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000040482
<CLASS-CONTRACT-NAME>Seasons Elite Non Guarantee VA 333-137864
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>v40513s1e497.txt
<DESCRIPTION>FORM 497
<TEXT>
<PAGE>
                                                As filed pursuant to Rule 497
                                                Under the Securities Act of 1933
                                                Registration No. 333-137864


                      AIG SUNAMERICA LIFE ASSURANCE COMPANY

- --------------------------------------------------------------------------------
                          VARIABLE ANNUITY ACCOUNT FIVE
                         SUPPLEMENT TO THE PROSPECTUSES
        SEASONS PREFERRED SOLUTION VARIABLE ANNUITY DATED APRIL 30, 2008
             SEASONS SELECT II VARIABLE ANNUITY DATED APRIL 30, 2008
               SEASONS ELITE VARIABLE ANNUITY DATED APRIL 30, 2008
- --------------------------------------------------------------------------------

The following replaces the investment requirements in the MARKETLOCK INCOME PLUS
section under "Are there investment requirements if I elect MarketLock Income
Plus?":

     -    Cash Management Variable Portfolio

     -    Managed Allocation Balanced Variable Portfolio

     -    Managed Allocation Moderate Variable Portfolio

     -    Managed Allocation Moderate Growth Variable Portfolio

     -    Strategic Allocation Balanced

     -    Strategic Allocation Moderate Growth

     -    Strategic Allocation Moderate

     or

     -    6 or 12 month DCA Fixed Accounts, if available.

The following replaces the investment requirements outlined in paragraph "(1)"
found under +6% Option - Investment Requirements in the MARKETLOCK FOR LIFE PLUS
section under "Are there investment requirements if I elect MarketLock For Life
Plus?":

     (1)  Allocate 100% of your investment in one of the following:

     -    Managed Allocation Balanced Variable Portfolio

     -    Managed Allocation Moderate Variable Portfolio

     -    Managed Allocation Moderate Growth Variable Portfolio

     -    Strategic Allocation Balanced

     -    Strategic Allocation Moderate Growth

     -    Strategic Allocation Moderate

     or

     -    6 or 12 month DCA Fixed Accounts, if available.

The following replaces the first paragraph under +7% Option- Investment
Requirements in the MARKETLOCK FOR LIFE PLUS section under "Are there investment
requirements if I elect MarketLock For Life Plus?":

You may comply with investment requirements for the +7% Option by allocating
100% of your investments to the following:

     -    Cash Management Variable Portfolio

     -    Managed Allocation Balanced Variable Portfolio

     -    Managed Allocation Moderate Variable Portfolio

     -    Managed Allocation Moderate Growth Variable Portfolio

     -    Strategic Allocation Balanced

     -    Strategic Allocation Moderate Growth

     -    Strategic Allocation Moderate

     or

     -    6 or 12 month DCA Fixed Accounts, if available.

Dated: June 5, 2008


                Please keep this Supplement with your Prospectus.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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