<TABLE> <S> <C>
                  
<ARTICLE>               7       
<CIK>                   0000881453  
<NAME>                  ASLAC1298
<MULTIPLIER>            1       
<CURRENCY>              U.S Dollars     
                                
<S>                               <C>
<PERIOD-TYPE>                       12-MOS  
<FISCAL-YEAR-END>                   DEC-31-1998     
<PERIOD-START>                      JAN-01-1998      
<PERIOD-END>                        DEC-31-1998     
<EXCHANGE-RATE>                     1       
<DEBT-HELD-FOR-SALE>                108,323,668     
<DEBT-CARRYING-VALUE>               117,690,339     
<DEBT-MARKET-VALUE>                 117,735,481     
<EQUITIES>                            6,710,851       
<MORTGAGE>                                    0       
<REAL-ESTATE>                                 0       
<TOTAL-INVEST>                      125,088,457     
<CASH>                               81,974,204      
<RECOVER-REINSURE>                    3,120,221       
<DEFERRED-ACQUISITION>              628,051,995     
<TOTAL-ASSETS>                   12,972,416,108  <F1>
<POLICY-LOSSES>                      67,619,442      
<UNEARNED-PREMIUMS>                           0       
<POLICY-OTHER>                                0       
<POLICY-HOLDER-FUNDS>                         0       
<NOTES-PAYABLE>                     213,000,000     
<PREFERRED-MANDATORY>                         0       
<PREFERRED>                                   0       
<COMMON>                              2,000,000       
<OTHER-SE>                          182,421,044     
<TOTAL-LIABILITY-AND-EQUITY>     12,972,416,108  <F2>
<PREMIUMS>                              920,042 
<INVESTMENT-INCOME>                   8,181,073       
<INVESTMENT-GAINS>                       87,103  
<OTHER-INCOME>                      148,826,076     <F3>
<BENEFITS>                            4,596,607       
<UNDERWRITING-AMORTIZATION>          52,524,520      
<UNDERWRITING-OTHER>                 37,972,432      
<INCOME-PRETAX>                      38,025,279      
<INCOME-TAX>                         10,477,746      
<INCOME-CONTINUING>                           0       
<DISCONTINUED>                                0       
<EXTRAORDINARY>                               0       
<CHANGES>                                     0       
<NET-INCOME>                         27,547,533      
<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       
<FN>
<F1> Included in Total Assets are Assets Held in Separate Accounts                      
     of $12,095,163,569.                    
<F2> Included in Total Liabilities and Equity are Liabilities Related to                        
     Separate Accounts of $12,095,163,569.                 
<F3> Other income includes  annuity charges and fees of $121,157,846 and fee
     income of $27,587,231.
</FN>
        


</TABLE>