<TABLE> <S> <C>

<ARTICLE>  7
<LEGEND>                                                          
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE BALANCE SHEET AND INCOME STATEMENT OF ANCHOR NATIONAL LIFE 
INSURANCE COMPANY'S FORM 10-K FOR THE YEAR ENDED SEPTEMBER 30, 1998 
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                  <C>         
<PERIOD-TYPE>                       12-MOS
<FISCAL-YEAR-END>                                   SEP-30-1998
<PERIOD-END>                                        SEP-30-1998
<DEBT-HELD-FOR-SALE>                              1,954,754,000
<DEBT-CARRYING-VALUE>                                         0
<DEBT-MARKET-VALUE>                                           0
<EQUITIES>                                              169,000
<MORTGAGE>                                          391,448,000
<REAL-ESTATE>                                        24,000,000
<TOTAL-INVEST>                                    2,734,742,000
<CASH>                                              333,735,000
<RECOVER-REINSURE>                                            0
<DEFERRED-ACQUISITION>                              539,850,000
<TOTAL-ASSETS>                                   14,526,364,000
<POLICY-LOSSES>                                   2,471,539,000
<UNEARNED-PREMIUMS>                                           0
<POLICY-OTHER>                                                0
<POLICY-HOLDER-FUNDS>                                         0
<NOTES-PAYABLE>                                      39,182,000
<COMMON>                                              3,511,000
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                                   0
<OTHER-SE>                                          649,158,000
<TOTAL-LIABILITY-AND-EQUITY>                     14,526,364,000
<PREMIUMS>                                                    0
<INVESTMENT-INCOME>                                 217,354,000
<INVESTMENT-GAINS>                                   19,482,000
<OTHER-INCOME>                                      290,362,000
<BENEFITS>                                          130,482,000
<UNDERWRITING-AMORTIZATION>                          72,713,000
<UNDERWRITING-OTHER>                                 18,209,000
<INCOME-PRETAX>                                     209,692,000
<INCOME-TAX>                                         71,051,000
<INCOME-CONTINUING>                                 138,641,000
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                        138,641,000
<EPS-PRIMARY>                                                 0
<EPS-DILUTED>                                                 0
<RESERVE-OPEN>                                                0
<PROVISION-CURRENT>                                           0
<PROVISION-PRIOR>                                             0
<PAYMENTS-CURRENT>                                            0
<PAYMENTS-PRIOR>                                              0
<RESERVE-CLOSE>                                               0
<CUMULATIVE-DEFICIENCY>                                       0
        



</TABLE>