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<SEC-DOCUMENT>0000950137-08-008249.txt : 20080606
<SEC-HEADER>0000950137-08-008249.hdr.sgml : 20080606
<ACCEPTANCE-DATETIME>20080605203250
ACCESSION NUMBER:		0000950137-08-008249
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:			FS VARIABLE ANNUITY ACCOUNT FIVE
		CENTRAL INDEX KEY:			0001044561
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-118218
		FILM NUMBER:		08884211

	BUSINESS ADDRESS:	
		STREET 1:		733 THIRD AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2125515440

	MAIL ADDRESS:	
		STREET 1:		733 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0001044561
<SERIES-ID>S000010582
<SERIES-NAME>FS VARIABLE ANNUITY ACCOUNT FIVE
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000039645
<CLASS-CONTRACT-NAME>Seasons Elite (NY) VA 333-118218
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>v40513s7e497.txt
<DESCRIPTION>FORM 497
<TEXT>
<PAGE>
                                                As filed pursuant to Rule 497
                                                Under the Securities Act of 1933
                                                Registration No. 333-118218


                     FIRST SUNAMERICA LIFE INSURANCE COMPANY

- --------------------------------------------------------------------------------
                        FS VARIABLE ANNUITY ACCOUNT FIVE
                         SUPPLEMENT TO THE PROSPECTUSES
             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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