| 1. | The following note is added to the Purchasing the Contract-Purchase Requirements section of the prospectus : |
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| 2. | Effective July 23, 2012 for Allianz VisionSM, for Contracts issued on or after May 2, 2011, the Fee Table Examples on page 10 of the prospectus are replaced with the following: |
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|   | 1) | If you surrender your Contract (take a full withdrawal) at the end of each time period. Year 1 and 3 figures are for the Base Contract with Bonus Option, Quarterly Value Death Benefit, and Income Focus (8.5% declining withdrawal charge, 2.00% M&E charge, and maximum rider charge of 2.95%). Year 5 and 10 figures are for the Base Contract with Bonus Option, Quarterly Value Death Benefit, and Income Protector (8.5% declining withdrawal charge, 2.00% M&E charge, and maximum rider charge of 2.75%). |
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| Total annual Investment Option operating expensesbefore any fee waivers or expense reimbursements of:  | 1 Year  | 3 Years  | 5 Years  | 10 Years  |
|-------------------------------------------------------------------------------------------------------------|--------------|---------------|---------------|----------------|
| 1.73% (the maximum Investment Option operating expense)                                                     | $1,561       | $2,959        | $4,236        | $7,160         |
| 0.52% (the minimum Investment Option operating expense)                                                     | $1,445       | $2,627        | $3,712        | $6,269         |

|   | 2) | If you apply your total Contract Value to Annuity Payments (take a Full Annuitization) at the end of each time period. The earliest available date Annuity Payments can begin (Income Date) is one year after the date we issue the Contract (Issue Date) for Florida, and two years after the Issue Date in all other states. All figures in this table are for the Base Contract with Bonus Option and Quarterly Value Death Benefit (8.5% declining withdrawal charge and 2.00% M&E charge). Year 1 and 3 figures include Income Focus (maximum rider charge of 2.95%) and Year 5 and 10 figures include Income Protector (maximum rider charge of 2.75%). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Total annual Investment Option operating expensesbefore any fee waivers or expense reimbursements of:  | 1 Year            | 3 Years  | 5 Years  | 10 Years  |
|-------------------------------------------------------------------------------------------------------------|------------------------|---------------|---------------|----------------|
| 1.73% (the maximum Investment Option operating expense)                                                     | $   711 | $2,109        | $3,536        | $7,160         |
| 0.52% (the minimum Investment Option operating expense)                                                     | $   595 | $1,777        | $3,012        | $6,269         |

|   | 3) | If you do not surrender your Contract. All figures in this table are for the Base Contract with the Bonus Option and Quarterly Value Death Benefit (8.5% declining withdrawal charge and 2.00% M&E charge). Year 1 and 3 figures include Income Focus (maximum rider charge of 2.95%) and Year 5 and 10 figures include Income Protector (maximum rider charge of 2.75%). |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Total annual Investment Option operating expensesbefore any fee waivers or expense reimbursements of:  | 1 Year            | 3 Years  | 5 Years  | 10 Years  |
|-------------------------------------------------------------------------------------------------------------|------------------------|---------------|---------------|----------------|
| 1.73% (the maximum Investment Option operating expense)                                                     | $   711 | $2,109        | $3,536        | $7,160         |
| 0.52% (the minimum Investment Option operating expense)                                                     | $   595 | $1,777        | $3,012        | $6,269         |

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| 2. | Effective July 23, 2012 for Allianz VisionSM, for Contracts issued on or prior to April 29, 2011, the Fee Table Examples on page 10 of the prospectus are replaced with the following: |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1) | If you surrender your Contract (take a full withdrawal) at the end of each time period. The 1, 3 and 5 Year figures are for the Base Contract with the Bonus Option and Quarterly Value Death Benefit (8.5% declining withdrawal charge, 2.00% M&E charge, and maximum rider charge of 2.75%). The 10 Year figures are for the Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit (2.05% M&E charge and maximum rider charge of 2.75%). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Total annual Investment Option operating expensesbefore any fee waivers or expense reimbursements of:  | 1 Year  | 3 Years  | 5 Years  | 10 Years  |
|-------------------------------------------------------------------------------------------------------------|--------------|---------------|---------------|----------------|
| 1.73% (the maximum Investment Option operating expense)                                                     | $1,547       | $2,957        | $4,236        | $7,194         |
| 0.52% (the minimum Investment Option operating expense)                                                     | $1,430       | $2,625        | $3,712        | $6,308         |

|   | 2) | If you apply your total Contract Value to Annuity Payments (take a Full Annuitization) at the end of each time period. The earliest available date Annuity Payments can begin (Income Date) is one year after the date we issue the Contract (Issue Date) for Florida, and two years after the Issue Date in all other states. All figures in this table are for the Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit (2.05% M&E charge and maximum rider charge of 2.75%). |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Total annual Investment Option operating expensesbefore any fee waivers or expense reimbursements of:  | 1 Year            | 3 Years  | 5 Years  | 10 Years  |
|-------------------------------------------------------------------------------------------------------------|------------------------|---------------|---------------|----------------|
| 1.73% (the maximum Investment Option operating expense)                                                     | $   701 | $2,120        | $3,557        | $7,194         |
| 0.52% (the minimum Investment Option operating expense)                                                     | $   585 | $1,789        | $3,035        | $6,308         |

|   | 3) | If you do not surrender your Contract. All figures in this table are for the Base Contract with the No Withdrawal Charge Option and Quarterly Value Death Benefit (2.05% M&E charge and maximum rider charge of 2.75%). |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Total annual Investment Option operating expensesbefore any fee waivers or expense reimbursements of:  | 1 Year            | 3 Years  | 5 Years  | 10 Years  |
|-------------------------------------------------------------------------------------------------------------|------------------------|---------------|---------------|----------------|
| 1.73% (the maximum Investment Option operating expense)                                                     | $   701 | $2,120        | $3,557        | $7,194         |
| 0.52% (the minimum Investment Option operating expense)                                                     | $   585 | $1,789        | $3,035        | $6,308         |