EXECUTION COPY


                          ANCHOR CONSENT AND AGREEMENT


     CONSENT AND AGREEMENT dated as of August 1, 1999 among ANCHOR NATIONAL LIFE
INSURANCE COMPANY, an Arizona stock life insurance corporation ("Anchor"), ANLIC
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INSURANCE  COMPANY  (HAWAII),  LTD.,  a  Hawaii  stock captive insurance company
("ANLIC  (Hawaii)"),  and  CITICORP NORTH AMERICA, INC., as agent (the "Agent").
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                                    RECITALS
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     A.     Anchor  and ANLIC (Hawaii) have entered into a Reinsurance Agreement
dated  as of August 1, 1999 (said Agreement, as it may be supplemented, amended,
replaced  or  otherwise  modified  from  time  to  time,  being the "Reinsurance
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Agreement";  unless  otherwise  defined herein, terms defined in the Reinsurance
       --
Agreement  and  in  the  Servicing  Agreement  (as  defined  in  the Reinsurance
Agreement)  are  used  herein  as  therein  defined).

     B.     To  obtain  financing  necessary  to  perform  its  obligations  in
connection with the Reinsurance Agreement, ANLIC (Hawaii) will sell to Corporate
Receivables  Corporation  (the  "Purchaser")  a  promissory  note  owed to ANLIC
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(Hawaii)  and  will  grant  to  the  Agent  and to Citibank, N.A., respectively,
security  interests in all right, title and interest of ANLIC (Hawaii) in and to
certain  collateral  (as  described  below).

     C.     The  execution  and  delivery  of  this  Consent  and Agreement is a
condition  precedent  to  ANLIC  (Hawaii)  obtaining  such  financing.

     D.     This  Consent and Agreement is intended to clarify the procedures by
which  Anchor  will  fulfill  its  payment  obligations  as  set  forth  in  the
Reinsurance  Agreement.

     NOW  THEREFORE,  to  induce  the  Purchaser to purchase the promissory note
being  sold  by ANLIC (Hawaii) and in consideration of the premises and of other
valuable  consideration,  receipt  of  which is hereby acknowledged, the parties
hereto  agree  as  follows:

     Section 1.     No Change in Reinsurance Agreement.  Nothing in this Consent
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and  Agreement  shall  amend  or otherwise modify in any respect the Reinsurance
Agreement,  the  terms  of  which  (including  but  not  limited  to the netting
provisions  of  Section  8.5 thereof) shall exclusively govern whether Anchor or
ANLIC  (Hawaii)  shall  at  any  time  have  any  obligation to make any payment
thereunder.  The  Agent  agrees  that,  while  assuming the power to enforce the
rights  and  remedies  of  ANLIC  (Hawaii), the Agent will not interfere with or
impede  the  duties and obligations that ANLIC (Hawaii) owes to Anchor under the
Reinsurance  Agreement.

     Section  2.     Notices  and  Acknowledgments.  (a)  Anchor  hereby
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acknowledges  notice  of  and  consents  to  the  assignment  and grant by ANLIC
(Hawaii) to the Agent of a security interest in all right, title and interest of
ANLIC  (Hawaii)  in  and to certain collateral, including but not limited to all
right, title and interest of ANLIC (Hawaii) in and to each of the agreements set
forth  on  Schedule  1  hereto and the proceeds thereof (such agreements, as the
same  may  be  amended,  supplemented  or  modified from time to time, being the
"Assigned  Agreements").
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     (b)     Anchor hereby acknowledges notice of and consents to the assignment
and  grant  by  ANLIC  (Hawaii)  to Citibank, N.A. of a security interest in all
right,  title  and  interest  of  ANLIC  (Hawaii)  in and to certain collateral,
including  but not limited to all right, title and interest of ANLIC (Hawaii) in
and  to  each  of  the  Assigned  Agreements.

     Section  3.     Appointment  and  Authorization  of  the Agent.  (a)  ANLIC
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(Hawaii)  hereby  appoints  the Agent as ANLIC (Hawaii)'s attorney-in-fact, with
full authority in the place and stead of ANLIC (Hawaii) and in the name of ANLIC
(Hawaii)  or otherwise, from time to time in the Agent's discretion, to take any
action  and  to  execute  any  instrument  that  the Agent may deem necessary or
advisable  for  the  purpose  of  exercising  or  enforcing  (or abstaining from
exercising or enforcing) any right, remedy, power or privilege of ANLIC (Hawaii)
under  any  Reinsurance  Document  or  Assigned  Agreement,  including,  without
limitation:

     (i)     to  ask for, demand, collect, sue for, recover, compromise, receive
and  give  acquittance and receipts for moneys due and to become due under or in
respect  of  any  of  the  Reinsurance  Documents  or  Assigned  Agreements,

     (ii)     to  receive,  indorse and collect any drafts or other instruments,
documents  and  chattel  paper  in  connection  with  this  Section  3(a),

     (iii)     to  file  any  claims  or  take  any  action  or  institute  any
proceedings that the Agent may deem necessary or desirable for the collection of
any  amounts  payable under any Assigned Agreement or to enforce compliance with
the  terms  of  any  Reinsurance Document or Assigned Agreement or the rights of
ANLIC  (Hawaii)  or  the  Agent  with  respect  thereto.

     (b)     Anchor  acknowledges  and  agrees that all rights of ANLIC (Hawaii)
under the Reinsurance Documents and the Assigned Agreements will be exercised by
the  Agent.

     (c)     Neither  the  Agent  nor  any of its directors, officers, agents or
employees  shall  be liable for any action taken or omitted to be taken by it or
them  as  Agent  or attorney-in-fact under or in connection with any Reinsurance
Document  or  Assigned Agreement (including the Agent's servicing, administering
or  collecting  any  amounts  payable),  except  for its own gross negligence or
willful  misconduct.  Without  limiting  the  generality  of  the foregoing, the
Agent:  (i)  may consult with legal counsel (including counsel for Anchor, ANLIC
(Hawaii)  or any of their respective Affiliates), independent public accountants
and other experts selected by it and shall not be liable for any action taken or
omitted  to  be  taken in good faith by it in accordance with the advice of such
counsel,  accountants  or  experts;  (ii) makes no warranty or representation to
Anchor,  ANLIC  (Hawaii)  or any of their respective Affiliates, and  shall  not
be  responsible  to  Anchor,  ANLIC  (Hawaii)  or  any  of  their

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respective  Affiliates,  for  any statement, warranty or representation (whether
written  or  oral) made in or in connection with this Consent and Agreement, any
Reinsurance  Document  or  Assigned  Agreement  or  any  instrument  or document
furnished  pursuant  to  any  of  the  foregoing  (collectively,  the  "Consent
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Documents");  (iii) shall not have any duty to ascertain or to inquire as to the
performance  or  observance  of any of the terms, covenants or conditions of any
Consent  Document  on the part of  Anchor, ANLIC (Hawaii) or any other Person or
to  inspect  the  property  (including  the  books and records) of Anchor, ANLIC
(Hawaii)  or  any  other  Person; (iv) shall not be responsible to Anchor, ANLIC
(Hawaii)  or  any  other  Person  for  the  due  execution,  legality, validity,
enforceability,  genuineness,  sufficiency or value of any Consent Document; and
(v)  shall  incur  no  liability  under or in respect of any Consent Document by
acting  upon any notice (including notice by telephone), consent, certificate or
other  instrument  or  writing  (which  may be by telecopier, telegram, cable or
telex)  believed  by  it to be genuine and signed or sent by the proper party or
parties.

     (d)     CNAI  and Affiliates.  With respect to any right, remedy, privilege
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or  power  of  CNAI  individually,  CNAI  shall  have the same rights, remedies,
privileges  and powers and may exercise the same as though it were not the Agent
and  not  the  attorney-in  fact of ANLIC (Hawaii).  CNAI and its Affiliates may
generally  engage in any kind of business with Anchor, any of its Affiliates and
any  Person  who  may do business with or own securities of Anchor or any of its
Affiliates,  all as if CNAI were not the Agent and were not the attorney-in-fact
of  ANLIC  (Hawaii)  and  without any duty to account therefore to Anchor, ANLIC
(Hawaii)  or  any  other  Person.

     Section 4.     Agreements.  In furtherance of Anchor's consent to the grant
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by  ANLIC  (Hawaii)  of  the  security  interest referenced in Section 2, Anchor
hereby  agrees  with  the  Agent  as  follows:

     (a)     Anchor  will  make  all  payments  to  be  made  by  it under or in
connection  with each Assigned Agreement (which shall at all times be subject to
the  netting provisions of Section 8.5 of the Reinsurance Agreement) directly to
the  non-interest bearing cash collateral account that ANLIC (Hawaii) has opened
with  Citibank, N.A. at its office at 399 Park Avenue, New York, New York 10043,
Account  No.  40800176  strictly  in  accordance with the terms of such Assigned
Agreement.

     (b)     Except  solely  to  the  extent  set  forth  in  Section 8.5 of the
Reinsurance Agreement, the obligation of Anchor to make the payments referred to
in  Section  4(a) is absolute and unconditional and shall not be affected by any
circumstance,  including,  without  limitation,  (i)  any set-off, counterclaim,
recoupment,  defense  or other right against Anchor, ANLIC (Hawaii) or any other
Person  for  any  reason whatsoever (whether in connection with the transactions
contemplated  in  the  Reinsurance Documents or in connection with any unrelated
transaction),  (ii)  any  insolvency,  bankruptcy,  reorganization  or  similar
proceeding by or against Anchor, ANLIC (Hawaii), the Purchaser, the Agent or any
other  Person  or  (iii)  any other circumstance, happening or event whatsoever,
whether  foreseen  or  unforeseen  and  whether  or  not  similar  to any of the
foregoing.  All such payments made by Anchor shall be final, and Anchor will not
seek  to  recover  from  the  Agent  for  any reason any such payment once made.
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<PAGE>

     (c)     The  Agent  shall  be  exclusively entitled to exercise any and all
rights and remedies of ANLIC (Hawaii) under each and every Assigned Agreement in
accordance with the terms of such Assigned Agreement, and Anchor shall comply in
all  respects  with  such  exercise.  The Agent shall not have any obligation to
perform  any  duty  of  ANLIC  (Hawaii)  or  any other Person under any Assigned
Agreement  or  any  Reinsurance  Document.

     (d)     Anchor  will  not (i) cancel or terminate any Assigned Agreement or
consent  to or accept any cancellation or termination thereof except pursuant to
the  terms  thereof in effect on the date hereof, (ii) amend or otherwise modify
any Reinsurance Document or any Assigned Agreement or this Consent and Agreement
or  (iii) make any payment of amounts to become due by it under or in connection
with  any  Assigned  Agreement  except  as  expressly  provided  therein.

     Section  5.     Representations  and  Warranties.  Anchor  represents  and
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warrants  as  of  the  date  hereof:

     (a)     Anchor is a stock life insurance company duly incorporated, validly
existing  and  in  good  standing  under  the  laws  of  Arizona.

     (b)     The  execution,  delivery and performance by Anchor of this Consent
and Agreement are within Anchor's corporate powers, have been duly authorized by
all  necessary  corporate action, and do not contravene (i) Anchor's articles of
incorporation  or  by-laws  or  (ii)  law  or  any  regulation  or  contractual
restriction  binding  on  or  affecting  Anchor.

     (c)     No  authorization  or approval or other action by, and no notice to
or  filing  with,  any Governmental Authority is required for the due execution,
delivery  and  performance  by  Anchor of this Consent and Agreement, or for the
exercise  by  the  Agent  of  its  rights  and  remedies  under this Consent and
Agreement,  except  for  such other filings with and approvals as have been duly
made  and  obtained  prior  to  the  date  hereof.

     (d)     This  Consent and Agreement has been duly executed and delivered by
Anchor  and  is  the  legal,  valid and binding obligation of Anchor enforceable
against  Anchor  in  accordance  with  its  terms.

     Section 6.     Governing Law, Etc.  THIS CONSENT AND AGREEMENT (I) SHALL BE
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GOVERNED  BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
(ii)  may  be  executed  in  any number of counterparts and by different parties
hereto  in separate counterparts, each of which when so executed shall be deemed
to  be  an original and all of which taken together shall constitute but one and
the same agreement, and (iii) shall be binding upon, and inure to the benefit of
and  be  enforceable  by,  each  of  the  parties  hereto  and  their respective
successors,  transferees  and  assigns.

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     IN  WITNESS WHEREOF, each of the undersigned has duly executed this Consent
and  Agreement  as  of  the  day  and  year  first  above  written.

                                    ANCHOR  NATIONAL  LIFE  INSURANCE  COMPANY


                                    By:_______________________________________
                                       Title:


                                    ANLIC  INSURANCE  COMPANY  (HAWAII),  LTD.


                                    By:_______________________________________
                                       Title:


                                    CITICORP  NORTH  AMERICA,  INC.,  as  Agent


                                    By:_______________________________________
                                       Title:  Vice  President

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<PAGE>
                                   Schedule 1

                               Assigned Agreements
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1.     Reinsurance  Agreement,  dated  as  of  August  1,  1999,  between Anchor
National  Life  Insurance Company and ANLIC Insurance Company (Hawaii), Ltd., as
such  agreement  is  supplemented,  amended, replaced or otherwise modified from
time  to  time (the "Reinsurance Agreement"), including, without limitation, the
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Allocation  Procedures, Collection Procedures and Fixed Account Segregated Asset
Requirements  and  Procedures,  as  the foregoing are defined in the Reinsurance
Agreement.

2.     Servicing  Agreement,  dated  as of August 1, 1999, among ANLIC Insurance
Company (Hawaii), Ltd., Anchor Insurance Company (Hawaii), Ltd., Anchor National
Life  Insurance Company and SunAmerica Life Insurance Company, as such agreement
is  supplemented, amended, replaced or otherwise modified from time to time (the
"Servicing  Agreement"),  including,  without  limitation, the Daily Reinsurance
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Servicer  Report  and  the  Reinsurance  Servicer  Report,  as the foregoing are
 --
defined  in  the  Servicing  Agreement.
 --

3.     Irrevocable  Standing  Instructions  among Anchor National Life Insurance
Company,  ANLIC  Insurance  Company  (Hawaii), Ltd., State Street Bank and Trust
Company, Variable Separate Account, Anchor Pathway Fund, Anchor Series Trust and
SunAmerica  Series  Trust,  as  such  instructions  are  supplemented,  amended,
replaced  or  otherwise  modified from time to time, together with all Schedules
and  Exhibits  thereto.

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