-----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, C2nMANXfA4y3B5UuVbMh+sq5U+16ILbe2u+26wzNi8vIWBssuly1Qr4dj2Ba37Yy KIYXKLpti2xVFpcTYGh7Xg== 0000950124-08-001677.txt : 20080401 0000950124-08-001677.hdr.sgml : 20080401 20080401144203 ACCESSION NUMBER: 0000950124-08-001677 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080401 EFFECTIVENESS DATE: 20080401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VARIABLE ACCOUNT I OF AIG LIFE INS CO CENTRAL INDEX KEY: 0000820627 IRS NUMBER: 251118523 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-93709 FILM NUMBER: 08728854 BUSINESS ADDRESS: STREET 1: ONE ALICO PLAZA STREET 2: 600 KING STREET CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 302-594-2000 MAIL ADDRESS: STREET 1: ONE ALICO PLAZA STREET 2: P.O. BOX 667 CITY: WILMINGTON STATE: DE ZIP: 19801 0000820627 S000000578 VARIABLE ACCOUNT I OF AIG LIFE INS CO C000029340 Ovation Plus (AIG Life) VA 333-93709 497 1 v39350fe497.txt FORM 497 As filed pursuant to Rule 497 Under the Securities Act of 1933 Registration No. 333-93709 AIG LIFE INSURANCE COMPANY - -------------------------------------------------------------------------------- VARIABLE ACCOUNT I SUPPLEMENT TO THE PROSPECTUSES: ALLIANCEBERNSTEIN OVATION PLUS VARIABLE ANNUITY DATED MAY 1, 2002 ALLIANCEBERNSTEIN OVATION ADVISOR VARIABLE ANNUITY DATED OCTOBER 24, 2005 GALLERY VARIABLE ANNUITY DATED MAY 3, 2004 PROFILE VARIABLE ANNUITY DATED MAY 1, 2002 - -------------------------------------------------------------------------------- AIG Life Insurance Company ("AIG Life") is amending certain of its contract prospectuses for the purpose of providing you with information regarding the proposed acquisition of AllianceBernstein Americas Government Income Portfolio, AllianceBernstein Global Dollar Government Portfolio, AllianceBernstein High Yield Portfolio and AllianceBernstein Global Bond Portfolio (collectively referred to as the "Portfolios") by AllianceBernstein U.S. Government/High Grade Securities Portfolio ("U.S. Government/High Grade Securities Portfolio"), all of which are underlying funds of the contracts' variable investment options. AIG Life has received notification that the Board of Directors of the Portfolios has approved a Plan of Acquisition and Liquidation pursuant to which the Portfolios will be acquired by U.S. Government/High Grade Securities Portfolio (the "Acquisition"), and the Portfolios will terminate. All the Portfolios and U.S. Government/High Grade Securities Portfolio are series of the AllianceBernstein Variable Products Series Fund, Inc. ("Trust"). The Acquisition does not require approval by the Portfolios' shareholders. The Acquisition is proposed to become effective early in the second quarter of 2008, with an expected closing date of April 25, 2008 ("Acquisition Date"). After 4:00 p.m. Eastern Time ("ET") on the Acquisition Date, all Contract owner Accumulation Unit values in the variable investment options supported by the Portfolios will be automatically transferred into the variable investment option supported by the U.S. Government/High Grade Securities Portfolio. Also after 4:00 p.m. ET on the Acquisition Date, the U.S. Government/High Grade Securities Portfolio will change its name to AllianceBernstein Intermediate Bond Portfolio and broaden its investment policies. Please note that if we receive any instruction from you for transfers, dollar cost averaging, asset rebalancing or new premium allocations into or out of the Portfolios' or the U.S. Government/High Grade Securities Portfolio's variable investment options after 4:00 p.m. ET on the Acquisition Date, such transaction will not be in good order, and we will obtain alternate instructions from you prior to executing the transaction. Neither our automatic transfer of the Accumulation Unit value to the AllianceBernstein Intermediate Bond Portfolio, nor your transfer of assets out of any of the Portfolios or the U.S. Government/High Grade Securities Portfolio prior to the Acquisition Date or out of the AllianceBernstein Intermediate Bond Portfolio within 60 days after the Acquisition Date, will count against the free transfers that you are permitted to make in a Contract Year or for the purposes of the US Mail Policy. For a period of time after the Acquisition Date, we may provide you with confirmations, statements and other reports that contain the name of the Portfolios' variable investment options or the name U.S. Government/High Grade Securities Portfolio's variable investment option. Should you have any questions, please contact our Variable Annuity Service Center between the hours of 8:45 a.m. and 7:00 p.m. ET, Monday through Friday, at 1-800-255-8402. Please keep this supplement with your prospectus Dated: April 1, 2008 Page 1 of 1 -----END PRIVACY-ENHANCED MESSAGE-----