GROWTH PLUS 
                  A Variable Annuity Contract funded through
                          Variable Annuity Account B
            and issued by Aetna Life Insurance and Annuity Company
           August 21, 1995 Supplement to the May 1, 1995 Prospectus

The Company has made the following changes to this Prospectus.

NAME CHANGE FOR GUARANTEED ACCOUNT
The name of the Growth Plus Guaranteed Account has been changed to the ALIAC
Guaranteed Account.  


MUTUAL FUND ANNUAL EXPENSES, page 9
The Mutual Fund Annual Expense information for the funds of the Insurance
Management Series Trust should be as follows:



 
As a percentage of average net assets:

                                       Investment               Other                Total Fund          
                                   Advisory Fees(1)            Expenses              Annual Expenses     
                                     (after expense         (after expense           (after expense      
                                   reimbursement)           reimbursement)           reimbursement)      
                                 --------------------     ------------------       -------------------
                                                                          
Equity Growth and Income Fund (2)       0.00%                     0.85%                    0.85%
Utility Fund (2)                        0.00%                     0.85%                    0.85%
Prime Money Fund (2)                    0.00%                     0.80%                    0.80%
U.S. Government Bond Fund (2)           0.00%                     0.80%                    0.80%
Corporate Bond Fund (2)                 0.00%                     0.80%                    0.80%
International Stock Fund (3)            0.52%                     0.73%                    1.25% 


(1)  The Adviser has agreed to reimburse the Company for certain costs incurred
     in connection with administering the Funds by payment of an amount based on
     assets in the Funds attributable to the Contracts. These amounts are not
     charged to the Funds or Certificate Holders, but are paid from other assets
     of the Adviser.

(2)  The Fund's Adviser has agreed to waive all or a portion of its advisory fee
     and reimburse certain expenses so that the total annual expenses for the
     Equity Growth and Income Fund and the Utility Fund would not exceed 0.85%
     of average net assets, and the total annual expenses for the Prime Money
     Fund, the U.S. Government Bond Fund and the Corporate Bond Fund would not
     exceed 0.80% of average net assets. Without this waiver and reimbursement,
     the maximum advisory fees and the maximum total annual expenses for the
     Funds, respectively, would have been 0.75% and 25.96% for the Equity Growth
     and Income Fund, 0.75% and 55.43% for the Utility Fund, 0.50% and 72.54%
     for the Prime Money Fund, 0.60% and 33.35% for the U.S. Government Bond
     Fund, and 0.60% and 10.42% for the Corporate Bond Fund. The Adviser can
     terminate this voluntary waiver or reimbursement of expenses at any time at
     its sole discretion.

(3)  The estimated management fee has been reduced to reflect the anticipated
     voluntary waiver of a portion of the management fee. The advisor can
     terminate this voluntary waiver at any time at its sole discretion. The
     maximum management fee is 1.00%. The Total Fund Annual Expenses are
     estimated to be 1.73% absent the anticipated voluntary waiver of a portion
     of the management fee. Total Fund Annual Expenses are estimated based on
     average expenses expected to be incurred during the period ending December
     31, 1995. During the course of this period, expenses may be more or less
     than the average amount shown.

79122.00.2                                                   Aetna Ed. 8/95

 
RIGHT TO CLOSE ACCOUNT, page 19
The value at which the Company reserves the right to close the Certificate
Holder's Account should be $2,500 rather than $1,500 as was stated in the 
Prospectus.

ALIAC GUARANTEED ACCOUNT - MARKET VALUE ADJUSTMENT
Certain changes have been made to the application of the Market Value Adjustment
for the ALIAC Guaranteed Account. See the supplement to the prospectus for the 
ALIAC Guaranteed Account.