Document:

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                                                                    EXHIBIT 4(b)

                      AIG SUNAMERICA LIFE ASSURANCE COMPANY
                 A STOCK COMPANY         LOS ANGELES, CALIFORNIA

CONTRACT  NUMBER  P9999999999

OWNER             JOHN DOE
<TABLE>
<S>                              <C>                         <C>
     STATUTORY HOME OFFICE            EXECUTIVE OFFICE         ANNUITY SERVICE CENTER
2999 NORTH 44TH ST., SUITE 250      1 SUNAMERICA CENTER             PO BOX 54299
       PHOENIX, AZ 85018         LOS ANGELES, CA 90067-6022  LOS ANGELES, CA 90054-0299
</TABLE>

AIG SUNAMERICA LIFE ASSURANCE COMPANY ("We", "Us", the "Company", or "AIG
SunAmerica Life") agrees to provide benefits to the Owner in accordance with the
provisions set forth in this Contract and in consideration of the Application or
confirmation thereof and Purchase Payments We received.

THE VALUE OF AMOUNTS ALLOCATED TO THE SEPARATE ACCOUNT DURING THE ACCUMULATION
AND ANNUITY PERIODS IS NOT GUARANTEED, AND WILL INCREASE OR DECREASE BASED UPON
THE INVESTMENT EXPERIENCE OF THE VARIABLE PORTFOLIOS YOU CHOOSE.

THE CASH SURRENDER BENEFIT OF AMOUNTS ALLOCATED TO ANY AVAILABLE FIXED-MVA
ACCOUNT OPTION INCREASES OR DECREASES BASED ON THE APPLICATION OF THE MARKET
VALUE ADJUSTMENT EXCEPT DURING THE 30 DAYS AFTER THE END OF THE GUARANTEE
PERIOD. THERE IS NO MARKET VALUE ADJUSTMENT TO AMOUNTS ALLOCATED TO ANY
AVAILABLE NON-MVA FIXED ACCOUNT OPTIONS.

RIGHT TO EXAMINE - YOU MAY RETURN THIS CONTRACT TO OUR ANNUITY SERVICE CENTER OR
TO THE AGENT THROUGH WHOM THE CONTRACT WAS PURCHASED WITHIN 10 DAYS OR LONGER AS
MAY BE REQUIRED BY STATE LAW AFTER YOU RECEIVE IT, IF YOU ARE NOT SATISFIED WITH
IT. THE COMPANY WILL REFUND THE CONTRACT VALUE ON THE BUSINESS DAY DURING WHICH
THE CONTRACT IS RECEIVED. UPON SUCH REFUND, THE CONTRACT SHALL BE VOID.

For Individual Retirement Annuities, or if a refund of the Purchase Payment(s)
is otherwise required We reserve the right to allocate your Purchase Payment(s)
to the Cash Management Portfolio until the end of the Right To Examine period.

                  THIS IS A LEGAL DOCUMENT. READ IT CAREFULLY.

        /s/ Christine A. Nixon                    /s/ Jane W. Greer
        ----------------------                  ----------------------
          Christine A. Nixon                         Jane W. Greer
              Secretary                                President

                              INDIVIDUAL FIXED AND
                            VARIABLE ANNUITY CONTRACT
                                Nonparticipating

                                        1
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                                TABLE OF CONTENTS

<TABLE>
<S>                                                                      <C>
CONTRACT DATA PAGE............................................            PAGE 3

DEFINITIONS...................................................            PAGE 4

PURCHASE PAYMENT PROVISIONS...................................            PAGE 7

ACCUMULATION PROVISIONS.......................................            PAGE 8

CHARGES AND DEDUCTIONS........................................           PAGE 10

TRANSFER PROVISION............................................           PAGE 11

WITHDRAWAL PROVISIONS.........................................           PAGE 11

DEATH PROVISIONS..............................................           PAGE 13

ANNUITY PROVISIONS............................................           PAGE 19

GENERAL PROVISIONS............................................           PAGE 21

ANNUITY PAYMENT OPTIONS ......................................           PAGE 24

FIXED ANNUITY PAYMENT OPTIONS TABLE...........................           PAGE 25

VARIABLE ANNUITY PAYMENT OPTIONS TABLE........................           PAGE 27
</TABLE>

                                       2
<PAGE>

                               CONTRACT DATA PAGE

CONTRACT NUMBER:                            ANNUITY SERVICE CENTER:
        P9999999999                         P. O. BOX 54299
                                            LOS ANGELES, CA 90054-0299
OWNER:
        JOHN DOE                            AGE AT ISSUE:
                                                    35
ANNUITANT:
        JOHN DOE                            INITIAL PURCHASE PAYMENT:
                                                    $10,000.00
SPECIFIED ANNUITY DATE:
        December 1, 2026                    CONTRACT DATE:
                                                    December 1, 1996
LATEST ANNUITY DATE:
        December 1, 2051                    FIXED ACCOUNT OPTIONS -
                                            Minimum Guarantee Rate:
                                            The greater of:[1.5%] or the minimum
                                            allowable in state of issue.

DEATH BENEFIT OPTION:
Option I:  Purchase Payment Accumulation

BENEFICIARY:
        As named by You

ANNUAL CONTRACT MAINTENANCE FEE:
        $35.00

SEPARATE ACCOUNT:
[VARIABLE SEPARATE ACCOUNT]

SEPARATE ACCOUNT CHARGE:
        [1.52%]

                                 FOR INQUIRIES
                              CALL 1-800-445-SUN2

                                        3
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                                   DEFINITIONS

Defined in this section are some of the words and phrases used in this Contract.
These terms are capitalized when used in the Contract with the meaning set forth
below.

ACCUMULATION UNIT

A unit of measurement used to compute the Contract Value in a Variable Portfolio
prior to the Annuity Date.

AGE

Age as of last birthday.

ANNUITANT

The natural person or persons (collectively, Joint Annuitants) whose life or
lives is/are used to determine the annuity benefits under the Contract. If the
Contract is in force and the Annuitant(s) is/are alive on the Annuity Date, We
will begin payments to the Payee. This Contract cannot have Joint Annuitants if
it is issued in connection with a tax-qualified retirement plan.

ANNUITY DATE

The date on which annuity payments ("income payments") to the Payee begin. This
date cannot be later than the Latest Annuity Date.

ANNUITY SERVICE CENTER

As specified on the Contract Data Page.

ANNUITY UNIT

A unit of measurement determined on or after the Annuity Date used to compute
annuity payments from the Variable Portfolio(s).

BENEFICIARY

The Beneficiary is as named by You at issue to receive the death benefit under
this Contract upon your death. You may later change Your Beneficiary in a
written request to Us at Our Annuity Service Center.

CONTINUATION DATE

The Date on which We receive, at Our Annuity Service Center: (a) the Spousal
Beneficiary's written request to continue the Contract, and (b) Due Proof of
Death of the Owner. If We receive (a) and (b) on different dates, the
Continuation Date will be the later date.

CONTRACT DATE

The date Your Contract is issued, as shown on the Contract Data Page. It is the
date from which Contract Years and anniversaries are measured.

CONTRACT VALUE

The sum of: (1) Your share of the Variable Portfolios' Accumulation Unit Values
and (2) the value of amounts if any, allocated to any available Fixed Account
Options.

                                        4
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CONTRACT YEAR

One year starting from the Contract Date in one calendar year and ending on the
day preceding the anniversary of such date in the succeeding calendar year.

CONTRIBUTION YEAR

A year starting from the date a Purchase Payment is made in one calendar year
and ending on the day preceding the anniversary of such date in succeeding
calendar years.

DEATH BENEFIT ADJUSTMENT

Any increase or reduction to the amount of the Death Benefit payable to account
for Purchase Payment and/or Withdrawal activity after a specified point in time
which will equal a, b, or c, which ever is applicable, as follows:

          (a)  Where only Purchase Payments are received after the specified
               point in time, the dollar value of the Purchase Payments will be
               added to the Death Benefit payable; or

          (b)  Where only Withdrawals are made after the specified point in
               time, the Withdrawal will reduce the Death Benefit payable in the
               same proportion that the Contract Value was reduced at the time
               of the Withdrawal; or

          (c)  Where Purchase Payments have been received and Withdrawals made
               after the specified point in time, the Death Benefit amount
               payable will be adjusted by Purchase Payment(s) received after at
               specified point in time, reduced by any Withdrawal, received
               after that specified point in time in the same proportion that
               the Contract Value was reduced at the time of the Withdrawal.

DOLLAR COST AVERAGING (DCA)

An optional program under which You authorize the systematic transfer of
specified amounts or percentages from any [Variable Portfolio(s)] or any
available non-MVA Fixed Account into any [Variable Portfolio(s)] other than the
source account.

FIXED ACCOUNT OPTIONS

The investment options, if available under this Contract that become part of the
Company's general asset account and are credited with a fixed rate of interest
declared by the Company. The general asset account contains all the assets of
the Company except for the Separate Account and other segregated asset accounts.
The amount You have in any Fixed Account Option at any time is a result of any
Purchase Payment You have allocated to it or any part of Your Contract Value You
have transferred to it.

FIXED ANNUITIZATION

A series of periodic income payments of predetermined amounts that do not vary
with investment experience. Such payments are made from the Company's general
asset account. This Contract provides several fixed annuity payment options.

GUARANTEE PERIOD

The period for which interest is credited to amounts allocated to any available
Fixed Account Options. We determine in our sole discretion the periods, if any,
that will be offered.

IRC

The Internal Revenue Code of 1986, as amended, or as it may be amended or
superseded.

                                        5
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JOINT OWNER

Any person named as Joint Owner on the Application and listed on the Contract
Data Page, unless subsequently changed. The Joint Owner, if any, possesses an
undivided interest in this Contract in conjunction with the Owner. All
references within this contract to Owner will also apply to the Joint Owner. We
reserve Our right to require that Joint Owners be each others' spouse.

LATEST ANNUITY DATE

The later of the Owner's 90th birthday or ten years after the Contract Date.

MULTI-YEAR FIXED ACCOUNT OPTIONS

If available, Fixed Accounts for a Guarantee Period of at least two (2) years.

NET PURCHASE PAYMENT

The sum of all Purchase Payment(s), reduced for each Withdrawal in the same
proportion that the Contract Value is reduced by such Withdrawal.

NYSE

New York Stock Exchange.

OWNER

The person or entity named in the Contract who is entitled to exercise all
rights and privileges of ownership under the Contract. Owner means both Joint
Owners, if applicable

PAYEE

The person receiving payment of annuity benefits under this Contract.

PURCHASE PAYMENTS

Payments in U.S. currency made by or on behalf of the Owner to the Company to
fund the Contract.

REQUIRED DOCUMENTATION

Is: (a)Due Proof of Death that the Owner or the Spousal Beneficiary died before
the Annuity Date; and, (b) an election form specifying the payment options and
(c) any other documentation We may require.

SEPARATE ACCOUNT

A segregated asset account named on the Contract Data Page. The Separate Account
consists of several Variable Portfolios, each investing in shares of the
Underlying Fund(s) of the trust(s). The assets of the Separate Account are not
commingled with the general assets and liabilities of the Company. The value of
amounts allocated to the Variable Portfolios of the Separate Account is not
guaranteed.

SPECIFIED ANNUITY DATE

The anticipated Annuity Date specified by You as shown on the Application. This
date may be changed by You in writing prior to the Annuity Date, but in no event
can it be later than the Latest Annuity Date. If this date is not specified, it
will be the Latest Annuity Date.

                                        6
<PAGE>

SPOUSAL BENEFICIARY

The original deceased Owner's surviving spouse who is designated as the primary
Beneficiary at the time of the Owner's death and may continue the Contract as
the Owner on the Continuation Date.

SUBSEQUENT PURCHASE PAYMENTS

Purchase Payments made after the initial Purchase Payment.

TOTAL INVESTED AMOUNT

The sum of all Purchase Payments less amounts previously withdrawn that incurred
a Withdrawal Charge, less Purchase Payments withdrawn that were no longer
subject to a Withdrawal Charge.

UNDERLYING FUND

The variable investment options in which the corresponding Variable Portfolio(s)
invest.

VARIABLE ANNUITIZATION

A series of periodic income payments which vary in amount according to the
investment experience of one or more Variable Portfolios, as selected by You.
This contract provides several variable annuity payment options.

VARIABLE PORTFOLIO

One or more divisions of the Separate Account which provides for the variable
investment options available under this Contract. Each Variable Portfolio has
its own investment objective and is invested in the Underlying Fund(s) of the
trusts. A Variable Portfolio is not chargeable with liabilities arising out of
any other Variable Portfolio. The available Variable Portfolios are shown on the
Application or confirmation thereof. Additional Variable Portfolios may become
available in the future.

WE, OUR, US, THE COMPANY

AIG SunAmerica Life Assurance Company.

WITHDRAWAL(S)

Amount(s) withdrawn from the Contract Value including any charges and fees
applicable to each such withdrawal.

YOU, YOUR

The Owner.

                           PURCHASE PAYMENT PROVISIONS

PURCHASE PAYMENTS

Purchase Payments are flexible. This means that, subject to Company disclosed
restrictions, You may change the amounts, frequency and/or timing of Purchase
Payments. Purchase Payments will be allocated in accordance with instructions
from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if
available. We reserve the right to specify the minimum or maximum Purchase
Payment that may be allocated to a Variable Portfolio or available Fixed Account
Option under the Contract.

                                        7
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DCA FIXED ACCOUNT

Any portion of a Purchase Payment allocated to the DCA Fixed Account Option(s)
must be transferred out to the Variable Portfolio(s) within the specified DCA
Fixed Account Option Period. Upon termination of the DCA program any amounts
remaining in the DCA Fixed Account Option(s) will be transferred to the DCA
target allocation(s) for the program being terminated. Upon annuitization, any
amounts remaining in the DCA Fixed Account Option(s) will be applied to a Fixed
Annuitization. The unit values credited and applied to Your Contract are
determined on each date of transfer. We reserve the right to impose a minimum or
maximum contribution level on Purchase Payments allocated to a DCA Fixed Account
Option(s) and/or change the terms and conditions of the DCA program at any time.

SUBSTITUTION OF VARIABLE PORTFOLIO

If the shares of an Underlying Fund should no longer be available for investment
by the Separate Account, then We may substitute shares of another Underlying
Fund, for shares already purchased, or to be purchased in the future.
Substitutions of securities will be carried out in accordance with any
applicable state and/or federal laws or regulations.

                             ACCUMULATION PROVISIONS

Prior to the Annuity Date, the Contract Value is the sum of the Separate Account
Accumulation Value and the Fixed Account Accumulation Value.

SEPARATE ACCOUNT ACCUMULATION VALUE

The Separate Account Accumulation Value under the Contract shall be the sum of
the values of the Accumulation Units held in the Variable Portfolios for the
Owner.

NUMBER OF ACCUMULATION UNITS

Your Contract is credited with Accumulation Units of the Separate Account when
amounts are allocated to the Variable Portfolio(s). For that portion of each
Purchase Payment and/or transfer amount allocated to a Variable Portfolio, the
number of Accumulation Units credited is equal to the sum of each Purchase
Payment and/or transfer amount allocated to the Variable Portfolio reduced by
premium taxes, if any:

Divided by

The Accumulation Unit value for that Variable Portfolio for the NYSE business
day in which the Purchase Payment or transfer amount is allocated.

The number of Accumulation Units will be reduced for Withdrawals of Contract
Value, annuitizations, amounts transferred out of a Variable Portfolio, the
Contract Maintenance Fee and applicable charges for elected features as set
forth in endorsements to this contract. Reductions will be made as of the NYSE
business day in which We receive all requirements for the transaction, as
appropriate.

ACCUMULATION UNIT VALUE (AUV)

The AUV of a Variable Portfolio for any NYSE business day is calculated by
subtracting (2) from (1) and dividing the result by (3) where:

                                        8
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(1)  is the total value at the end of the given NYSE business day of the assets
     attributable to the the Variable Portfolio minus any applicable liabilities
     other than those owed to the Contractholders;

(2)  is the amount equal to the daily Separate Account Charge plus the daily
     charge for any optional features that impose a daily charge;

(3)  is the number of Accumulation Units outstanding at the end of the given
     NYSE business day.

FIXED ACCOUNT ACCUMULATION VALUE

The Fixed Account Accumulation Value, if any, shall be the sum of all monies
allocated or transferred to the Fixed Account Option(s), if available, reduced
by any applicable premium taxes, plus all interest credited on the Fixed Account
Option(s) during the period that You have Contract Value allocated to the Fixed
Account Options. This amount shall be adjusted for Withdrawals, annuitizations,
transfers, and the deduction of the Contract Maintenance Fee The Fixed Account
Accumulation Value shall not be less than the minimum values required by law in
the state where this Contract is issued.

FIXED ACCOUNT GUARANTEE PERIOD OPTIONS AND INTEREST CREDITING

The portion of Your Contract Value within the Fixed Account, if any, is credited
with interest at rates guaranteed by Us for the Guarantee Period(s) selected.
Interest is credited on a daily basis at the then applicable effective interest
rate for the applicable Guarantee Period. You may select from one or more
Guarantee Periods which we may offer at any particular time. We reserve the
right at any time to add or delete Guarantee Periods. If You have allocated any
part of Your initial Purchase Payment to a Guarantee Period, the amount
allocated, as well as the duration of the Guarantee Period is shown on the
Application or confirmation thereof as completed by You. The interest rate
applicable to an allocation of Purchase Payment or transfer of Contract Value to
a Guarantee Period is the rate in effect for that Guarantee Period at the time
of the allocation or transfer. If You have allocated or transferred amounts at
different times to the Fixed Account, each allocation or transfer may have a
unique effective interest rate associated with that amount. We guarantee that
the effective annual rate of interest for the Fixed Account, including any of
the Guaranteed Periods, will not be less than the Minimum Guarantee Rate as
mandated by Your state, and shown on Contract Data Page.

                                        9
<PAGE>

MARKET VALUE ADJUSTMENT (MVA)

Any payments and values based on the available Multi-year Fixed Account Options
may be subject to an MVA, the operation of which may result in upward or
downward adjustments in the Contract Value, if withdrawn, transferred or
annuitized prior to the end of the respective Guarantee Period. The MVA will be
calculated by multiplying the amount withdrawn, transferred or annuitized by the
following formula:

                         {(1 + I)/(1+J+0.0050)}(N/12) -1

I = The interest rate currently in effect for that Guarantee Period.

J = The interest rate available for the Guarantee Period equal to the number of
years (rounded up to an integer) remaining in the current Guarantee Period at
the time of withdrawal, transfer or annuitization. In the determination of J, if
the Company currently does not offer the applicable Guarantee Period, then the
rate will be determined by linear interpolation of the interest rate for the
nearest two Guarantee Periods that are available.

N = The number of full months remaining in the current Guarantee Period at the
time the withdrawal or annuitization request is processed.

If a Withdrawal Charge is applied to a Withdrawal, then the MVA will be applied
to the withdrawal amount net of the Withdrawal Charge.

There will be no MVA assessed against any Fixed Account Options subject to an
MVA in the following situations: (1) to pay a Death Benefit paid upon death of
the Owner; (2) on amounts withdrawn to pay fees or charges; (3) on amounts
withdrawn from the Fixed Account Options within thirty (30) days after the end
of the Guarantee Period; (4) on annuitizations on the Latest Annuity Date.

                             CHARGES AND DEDUCTIONS

We will deduct the following charges from the Contract:

CONTRACT MAINTENANCE FEE

The charge specified on the Contract Data Page will be deducted on each Contract
anniversary that occurs on or prior to the Annuity Date. It will also be
deducted when the Contract Value is withdrawn in full if the Withdrawal is not
on the Contract anniversary. We reserve the right to assess this charge on a
class basis that differs from the charge specified on the Contract Data Page. We
also reserve the right to waive the fee for certain Contract Values [$50,000.00
and up].

WITHDRAWAL CHARGE

The charge, if any, may be deducted upon withdrawal of any portion of the
Contract Value. See WITHDRAWAL PROVISIONS.

                                       10
<PAGE>

SEPARATE ACCOUNT CHARGE

This charge, as shown on the Contract Data Page, on an annualized basis equals a
percentage of the average daily ending value of the assets attributable to the
Accumulation Units of the Variable Portfolio(s) to which the Contract is
allocated. This charge compensates Us for mortality and expense risks,
distribution, and administration expenses associated with the Contract. We
subtract this charge daily. We reserve the right to assess a charge on a class
basis which differs from the charge specified on the Contract Data Page.

                               TRANSFER PROVISIONS

Prior to the Annuity Date, You may transfer all or part of Your Contract Value
from any Variable Portfolio to any other Variable Portfolio(s) or available
Fixed Account Options subject to applicable restrictions. The minimum amount
that can be transferred and the amount that can remain in a Variable Portfolio
or available Fixed Account Option are subject to Company limits. We further
reserve the right to restrict Your transfer privileges, including possible
termination of those privileges in Our sole discretion.

TRANSFERS OF ACCUMULATION AND ANNUITY UNITS BETWEEN VARIABLE PORTFOLIOS AND
FIXED ACCOUNTS

Prior to the Annuity Date, transfers are subject to certain restrictions. You
may transfer all or a portion of Your Contract Value from one Variable Portfolio
to another Variable Portfolio(s) or any available Fixed Account Option(s) other
than the DCA Fixed Account Options. You may also transfer from any available
Fixed Account Option(s) to the Variable Portfolio(s) and/or any available Fixed
Account Option(s) of the contract. A transfer will result in the redemption of
Accumulation Units in a Variable Portfolio and the purchase of Accumulation
Units in the other Variable Portfolio. Transfers will be effected at the end of
the NYSE business day in which We receive Your completed request for the
transfer.

After the Annuity Date, transfers into and out of any available Fixed Account
Option(s) are not allowed. You may transfer all or a portion of Your Contract
Value from one Variable Portfolio to another Variable Portfolio(s). A transfer
will result in the redemption of Annuity Units in a Variable Portfolio and the
purchase of Annuity Units in the other Variable Portfolio. Transfers will be
effected for the last NYSE business day of the month in which We receive Your
request for the transfer.

                              WITHDRAWAL PROVISIONS

On or before the Annuity Date and while the Owner is living, You may withdraw
all or part of Your Contract Value under this Contract by informing Us at Our
Annuity Service Center. For a full withdrawal, this Contract must be returned to
Our Annuity Service Center. The minimum amount that can be withdrawn and the
amount remaining after withdrawal are subject to Company limits.

Unless You tell Us otherwise in writing, Withdrawals will be deducted from the
Contract Value in proportion to their allocation among any available Fixed
Account Options and the Variable Portfolios. Withdrawals will be based on values
for the NYSE business day in which the request for withdrawal and the Contract
(in the case of a full withdrawal), are received at Our Annuity

                                       11
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Service Center. Unless the SUSPENSION OF PAYMENTS or DEFERMENT OF PAYMENTS
sections are in effect, payment of withdrawals will be made within seven
calendar days.

WITHDRAWAL CHARGE

Withdrawals of all or a portion of the Contract Value may be subject to a
Withdrawal Charge as shown in the chart below. The Withdrawal Charge percentage
applied to any withdrawal will depend on how long the Purchase Payment to which
the withdrawal is attributed has been in the Contract. No Withdrawal Charge is
deducted on an amount which is considered a Penalty-Free Withdrawal.

For the purpose of determining the Withdrawal Charge, a withdrawal will be
attributed to amounts in the following order: (1) penalty-free earnings in the
Contract; (2) Purchase Payments which are no longer subject to the Withdrawal
Charge and not yet withdrawn; (3) any remaining Penalty-Free Withdrawal amount
(except in the case of a full surrender); and (4) Purchase Payments subject to a
Withdrawal Charge. Purchase Payments, when withdrawn, are assumed to be
withdrawn on a first-in-first-out (FIFO) basis. You will not receive the benefit
of a Penalty-Free Withdrawal in case of a full surrender.

<TABLE>
<CAPTION>
    Number of Contribution Years Elapsed               Withdrawal Charge as a
Between Contribution Year of Purchase Payment         Percentage of Withdrawn
     and Contribution Year of Withdrawal                  Purchase Payment
---------------------------------------------         -----------------------
<S>                                                   <C>
                     1                                          7%
                     2                                          6%
                     3                                          5%
                     4                                          4%
                     5                                          3%
                     6                                          2%
                     7                                          1%
                    8+                                          0%
</TABLE>

The Withdrawal Charge will be assessed against the Variable Portfolio(s) and the
available Fixed Account Option(s) in the same proportion as the remaining
Contract Value is allocated unless You request that the Withdrawal come from a
particular Variable Portfolio or available Fixed Account Option. After a
Withdrawal is taken, the remaining Contract Value must be sufficient to cover
any Withdrawal Charge remaining upon full surrender of the Contract.

PENALTY-FREE WITHDRAWALS

As of any day, You may make a withdrawal of up to the Penalty-Free Withdrawal
amount for that day without incurring a Withdrawal Charge. Any Penalty-Free
Withdrawal made in excess of penalty-free earnings in the Contract is considered
to be a withdrawal of future penalty-free earnings and is therefore not a
withdrawal of the Total Invested Amount. On any day, penalty-free earnings in
the Contract are calculated as the Contract Value at the end of that day less
the Total Invested Amount.

During the first Contract Year, the Penalty-Free Withdrawal amount is equal to
the penalty-free earnings in the Contract as of the date of withdrawal.

Alternatively, during the first Contract Year, You may make withdrawals of the
Penalty-Free Withdrawal amount through the Systematic Withdrawal Program. The
Penalty-Free Withdrawal

                                       12
<PAGE>

amount as of any systematic withdrawal date is 10% of the Total Invested Amount
less any withdrawals already made during the Contract Year.

After the first Contract Year, the maximum Penalty-Free Withdrawal amount as of
the date of the withdrawal is the greater of:

(a)  penalty-free earnings in the Contract as of that date; or

(b)  10% of the Total Invested Amount on deposit for at least one year, less any
     withdrawals already made during the year.

Although amounts withdrawn free of a Withdrawal Charge reduce Contract Value,
they do not reduce the Total Invested Amount for purposes of calculating the
Withdrawal Charge or for the purposes of calculating penalty-free earnings in
the Contract. As a result, You will not receive the benefit of a Penalty-Free
Withdrawal in a full surrender.

SYSTEMATIC WITHDRAWAL PROGRAM

Prior to the Annuity Date, You may elect to participate in a Systematic
Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic
Withdrawal Program allows You to make automatic withdrawals from Your account
monthly, quarterly, semiannually or annually. The minimum systematic withdrawal
amount is subject to Company limits. Any amount withdrawn through the Systematic
Withdrawal Program may be subject to a Withdrawal Charge [and a Market Value
Adjustment] as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWALS
[and MARKET VALUE ADJUSTMENT] provisions. You may terminate Your participation
in the Systematic Withdrawal Program at any time by sending Us a written
request. We reserve the right to modify, suspend or terminate the Systematic
Withdrawal Program at any time.

Systematic withdrawals will be deducted from the Penalty-Free Withdrawal amount
available each Contract Year.

                                DEATH PROVISIONS

Notwithstanding any provision of this Contract to the contrary, all payments of
benefits under this Contract will be made in a manner that satisfies the
requirements of IRC Section 72(s), as amended from time to time. If the Contract
is owned by a trust or other non-natural person, We will treat the death of any
Annuitant as the death of the "Primary Annuitant" and as the death of any Owner.

DUE PROOF OF DEATH

Due Proof of Death means:

               1.   a certified copy of a death certificate; or

               2.   a certified copy of a decree of a court of competent
                    jurisdiction as to the finding of death; or

               3.   a written statement by a medical doctor who attended the
                    deceased Owner at the time of death; or

               4.   any other proof satisfactory to Us.

                                       13
<PAGE>

DEATH OF OWNER BEFORE THE ANNUITY DATE

We will pay a death benefit to the Beneficiary upon Our receiving all Required
Documentation. Unless You have previously designated a payment option on behalf
of the Beneficiary, the Beneficiary must select one of the following options:

          1.   Immediately collect the death benefit in a lump sum payment. If a
               lump sum payment is elected, payment will be in accordance with
               any applicable laws and regulations governing payments on death;
               or

          2.   Collect the death benefit in the form of one of the Annuity
               Payment Options. If an Annuity Payment Option is desired, an
               option must be elected within 60 days of Our receipt of: (a) Due
               Proof of Death of the Owner; (b) an election form specifying the
               payment option and (c) any other documentation We may require.
               The payments must be over the life of the Beneficiary or over a
               period not extending beyond the life expectancy of the
               Beneficiary. Payments under this option must commence within one
               year after the Owner's death, otherwise, the death benefit will
               be paid in accordance with option 1 above; or

          3.   If eligible, continue the Contract as the Spousal Beneficiary. On
               the Continuation Date, We will contribute to the Contract any
               amount by which the Death Benefit exceeds the Contract Value,
               calculated as of the Owner's date of death. This amount is not
               considered a Purchase Payment except in the calculation of
               certain death benefits upon the death of the Spousal Beneficiary.
               If this option is elected, no death benefit is paid.

You cannot change any elected death benefit option specified on the Contract
Data Page. Your Spousal Beneficiary may discontinue any optional death benefit
option on the Continuation Date but cannot change the death benefit option
elected by you on the Application. Upon the Spousal Beneficiary's death, the
entire interest of the Contract must be distributed immediately under option 1
or 2 as provided under DEATH OF OWNER BEFORE THE ANNUITY DATE

In any event, the entire interest in the Contract will be distributed within
five years from the date of death of the Owner unless payment option 1 or 2 was
selected under DEATH OF OWNER BEFORE THE ANNUITY DATE.

AMOUNT OF DEATH BENEFIT

The amount of the death benefit will be determined based upon Your death benefit
selection. Once selected, the death benefit option cannot be changed. The death
benefit options are as described below.

                                       14
<PAGE>

OPTION I: PURCHASE PAYMENT ACCUMULATION ("PPA") DEATH BENEFIT OPTION

If the Owner was age [74 or younger] on the Contract Date, upon Our receipt at
Our Annuity Service Center of all Required Documentation, We will calculate the
Death Benefit and it will be the greatest of:

     1.   [100% of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   [100% of] Net Purchase Payment(s) compounded at [3%] interest until
          the earlier of the Owner's [75th ] birthday or the date of death; and
          a Death Benefit Adjustment for the Purchase Payment(s) transacted
          after the Owner's [75th] birthday but prior to the Owner's [86th ]
          birthday and/or Withdrawals transacted after the Owner's [75th ]
          birthday; or

     3.   [100% of] Contract Value at the [seventh] Contract anniversary; and a
          Death Benefit Adjustment for Purchase Payment(s) transacted after the
          [seventh] Contract anniversary but prior to the Owner's [86th]
          birthday and/or Withdrawals transacted after the [seventh] Contract
          anniversary.

PPA SPOUSAL BENEFICIARY CONTINUATION

If the Spousal Beneficiary continues the Contract on the Continuation Date, the
death benefit payable upon the death of the Spousal Beneficiary will be as
follows:

          If the Spousal Beneficiary was age [74 or younger] on the Continuation
Date, upon Our receipt at Our Annuity Service Center of all Required
Documentation, We will calculate the Death Benefit and it will be the greatest
of:

     1.   [100 % of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   [100% of] Contract Value on the Continuation Date; and a Death Benefit
          Adjustment for Purchase Payment(s) and/or Withdrawals transacted since
          the Continuation Date, compounded at [3%] interest until the earlier
          of the Spousal Beneficiary's [75th] birthday or date of death; and
          further Death Benefit Adjustment for Purchase Payment(s) transacted
          after the Spousal Beneficiary's [86th] birthday but prior to the
          Spousal Beneficiary's [75th] birthday and/or Withdrawals transacted
          after the Spousal Beneficiary's [75th] birthday; or

     3.   [100% of] Contract Value at the [seventh] Contract anniversary; and a
          Death Benefit Adjustment for Purchase Payment(s) transacted after the
          [seventh] Contract anniversary but prior to the Spousal Beneficiary's
          [86th] birthday and/or Withdrawals transacted after the [seventh]
          Contract anniversary.

                                       15
<PAGE>

If the Spousal Beneficiary was age [75 but younger than age 83] on the
Continuation Date, upon Our receipt of all Required Documentation at Our Annuity
Service Center, we will calculate the Death Benefit and it will be the greatest
of:

     1.   [100% of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   [100% of] Contract Value on the Continuation Date, and a Death Benefit
          Adjustment for Purchase Payment(s) transacted after the Continuation
          Date but prior to the Spousal Beneficiary's [86th] birthday and/or
          Withdrawals transacted after the Continuation Date; or

     3.   [100% of] the Maximum Anniversary Value after the Continuation Date
          that occurs prior to the Spousal Beneficiary's [83rd] birthday. The
          Maximum Anniversary Value is equal to the greatest anniversary value
          attained from the following:

          As of the date of receipt at Our Annuity Service Center of all
          Required Documentation, anniversary value is equal to the Contract
          Value on a Contract anniversary and a Death Benefit Adjustment for
          Purchase Payment(s) transacted after that Contract anniversary but
          prior to the Spousal Beneficiary's [86th] birthday and/or Withdrawals
          transacted since that Contract anniversary.

If the Spousal Beneficiary was at least age [83 but younger than age 86] on the
Continuation Date, and death occurs prior to the [86th] birthday, upon Our
receipt of all Required Documentation at Our Annuity Service Center, We will
calculate the Death Benefit and it will be the greater of:

     1.   [100% of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   the lesser of:

               a)   [100% of] Contract Value on the Continuation Date and a
                    Death Benefit Adjustment for Purchase Payment(s) transacted
                    after the Continuation Date but prior to the Spousal
                    Beneficiary's [86th] birthday and/or Withdrawals transacted
                    after the Continuation Date; or

               b)   [125% of] Contract Value for the NYSE business day during
                    which We receive all Required Documentation at Our Annuity
                    Service Center.

If the Spousal Beneficiary was age [86 or older] at the time of death, the Death
Benefit will be the [100% of] Contract Value for the NYSE business day during
which We receive all Required Documentation at Our Annuity Service Center.

                                       16
<PAGE>

OPTION II:  MAXIMUM ANNIVERSARY VALUE ("MAV") DEATH BENEFIT OPTION

If the Owner was age [82 or younger] on the Contract Date and death occurs prior
to age [90], upon Our receipt of all Required Documentation at Our Annuity
Service Center, We will calculate the Death Benefit and it will be the greatest
of:

     1.   [100% of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   [100% of] Net Purchase Payment(s) received prior to the earlier of the
          Owner's [86th ] birthday or date of death; or

     3.   [100% of] the Maximum Anniversary Value prior to the Owner's [83rd ]
          birthday. The Maximum Anniversary Value is equal to the greatest
          anniversary value attained from the following:

          As of the date of receipt at Our Annuity Service Center of all
          Required Documentation, anniversary value is equal to the Contract
          Value on a Contract anniversary and a Death Benefit Adjustment for
          Purchase Payment(s) transacted since that Contract anniversary but
          prior to the Owner's [86th] birthday and/or Withdrawals transacted
          since that Contract anniversary.

If the Owner was at least age [83 but younger than age 86] on the Contract Date,
and death occurs prior to the Owner's [90th] birthday, We will calculate the
Death Benefit and it will be the greater of:

     1.   [100%of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   the lesser of :

          a)   [100% of] Net Purchase Payment(s) received prior to the Owner's
               [86th] birthday; or

          b)   [125% of] Contract Value for the NYSE business day during which
               We receive all Required Documentation at Our Annuity Service
               Center.

If the Owner was age [90 or older] at the time of Death, the Death Benefit will
be [100% of] Contract Value for the NYSE business day during which We receive
all Required Documentation at Our Annuity Service Center.

MAV SPOUSAL BENEFICIARY CONTINUATION

If the Spousal Beneficiary continues the Contract on the Continuation Date the
death benefit payable upon the death of the Spousal Beneficiary will be as
follows:

     If the Spousal Beneficiary was age [82 or younger] on the Continuation
     Date, upon Our receipt of all Required Documentation at Our Annuity Service
     Center, we will calculate the Death Benefit and it will be the greatest of:

          1.   [100% of] Contract Value for the NYSE business day during which
               We receive all Required Documentation at Our Annuity Service
               Center; or

                                       17
<PAGE>

          2.   [100% of] Contract Value on the Continuation Date and a Death
               Benefit Adjustment for Purchase Payment(s) transacted after the
               Continuation Date but prior to the Spousal Beneficiary's [86th]
               birthday and/or Withdrawals transacted after the Continuation
               Date; or

          3.   [100% of] the Maximum Anniversary Value after the Continuation
               Date and preceeding the date of death that occurs prior to the
               Spousal Beneficiary's [83rd] birthday. The Maximum Anniversary
               Value is equal to the greatest anniversary value attained from
               the following:

               As of the date of receipt at our Annuity Service Center of all
               Required Documentation, anniversary value is equal to the
               Contract Value on a Contract anniversary and a Death Benefit
               Adjustment for Purchase Payment(s) transacted after that Contract
               anniversary but prior to the Spousal Beneficiary's [86th]
               birthday and/or Withdrawals transacted since that Contract
               anniversary.

If the Spousal Beneficiary was at least age [83 but younger than age 86] on the
Continuation Date, and death occurs prior to the [86th] birthday, upon Our
receipt of all Required Documentation at Our Annuity Service Center We will
calculate the Death Benefit and it will be the greater of:

     1.   [100% of] Contract Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   the lesser of:

          a)   [100% of] Contract Value on the Continuation Date and a Death
               Benefit Adjustment for Purchase Payment(s) transacted after the
               Continuation Date but prior to the Spousal Beneficiary's [86th]
               birthday and/or Withdrawals transacted after the Continuation
               Date; or

          b)   [125% of] Contract Value for the NYSE business day during which
               We receive all Required Documentation at Our Annuity Service
               Center.

If the Spousal Beneficiary was age [86 or older] on the Continuation Date, the
Death Benefit will be [100% of] Contract Value for the NYSE business day during
which We receive all Required Documentation at Our Annuity Service Center.

DEATH OF OWNER OR ANNUITANT ON OR AFTER THE ANNUITY DATE

If any Owner or Annuitant dies on or after the Annuity Date and before the
entire interest in the Contract has been distributed, We will pay the remaining
portion of the annuity payout to the Beneficiary upon Our receipt of Required
Documentation. For further information pertaining to death of the Annuitant, see
ANNUITY PAYMENT OPTIONS.

BENEFICIARY

The Beneficiary is selected by the Owner. While the Owner is living and before
the Annuity Date, the Owner may change the Beneficiary by written notice in a
form satisfactory to Us. A change in Beneficiary will take effect on the date We
receive the written notice at Our Annuity Service Center. If two or more persons
are named as Beneficiaries under the Contract those surviving the Owner will
share equally unless otherwise stated; and each must elect to receive their
respective portions of the death benefit according to the options listed under
DEATH OF OWNER BEFORE THE ANNUITY DATE. If the Annuitant survives the Owner, and
there are no surviving Beneficiaries, the Annuitant will be deemed the
Beneficiary.

                                       18
<PAGE>

Joint Owners, if applicable, shall be each other's primary Beneficiary. Joint
Annuitants, if any, when the Owner is a non-natural person, shall be each
other's primary Beneficiary. Any other Beneficiary designation will be treated
as a contingent Beneficiary.

If the Owner is also the Annuitant and there are no surviving Beneficiaries upon
Our receipt of all Required Documentation we will calculate the Death Benefit
and it will be paid to the estate of the Owner in accordance with option 1,
under DEATH OF OWNER BEFORE THE ANNUITY DATE.

                               ANNUITY PROVISIONS

ANNUITY DATE

The Owner specifies an anticipated Annuity Date on the Application. The Owner
may change the Annuity Date at any time, at least seven days prior to the
Annuity Date, by written notice to the Company at its Annuity Service Center.
The Annuity Date must always be the first day of the calendar month and must be
at least two years after the Contract Date, but not beyond the later of the
Owner's [90th birthday or ten years after the Contract Date] ("Latest Annuity
Date"). If the Owner is a non-natural person, the Latest Annuity Date is the
later of the Annuitant's [90th birthday or ten years after the Contract Date]).
If no Annuity Date is specified on the Application, the Annuity Date will be the
Latest Annuity Date, as set by the Company.

PAYMENTS TO OWNER

Unless You request otherwise, We will make annuity payments to You. If You want
the annuity payments to be made to some other Payee, We will make such payments
subject to receipt of a written request filed at the Annuity Service Center no
later than thirty (30) days before the due date of the first annuity payment.

Any such request is subject to the rights of any assignee. No payments available
to or being paid to the Payee while the Annuitant is alive can be transferred,
commuted, anticipated or encumbered.

FIXED ANNUITIZATION

If a Fixed Annuitization has been elected, the proceeds payable under this
Contract less any applicable premium taxes, shall be applied to the payment of
the fixed annuity payment option elected at rates which are at least equal to
the annuity rates based upon the applicable tables in the Contract. In no event
will the Fixed Annuitization be changed once it begins.

AMOUNT OF FIXED ANNUITY PAYMENTS

The amount of each fixed annuity payment will be determined by applying the
portion of the Contract Value allocated by You for Fixed Annuitization, less any
applicable premium taxes, to the annuity table applicable to the fixed annuity
payment option chosen.

AMOUNT OF VARIABLE ANNUITY PAYMENTS

(a)  FIRST VARIABLE ANNUITY PAYMENT: The dollar amount of the first Variable
     Annuitization payment will be determined by applying the portion of the
     Contract Value allocated to the Variable Portfolio(s), less any applicable
     premium taxes, to rates which are at least equal to the annuity rates based
     upon the annuity table applicable to the variable annuity payment option
     chosen. If the Contract Value is allocated to more than one Variable
     Portfolio, the value of Your interest in each Variable Portfolio is applied
     separately

                                       19
<PAGE>

     to the variable annuity payment option table to determine the amount of the
     first annuity payment attributable to each Variable Portfolio.

(b)  NUMBER OF VARIABLE ANNUITY UNITS: The number of Annuity Units for each
     applicable Variable Portfolio is the amount of the first annuity payment
     attributable to that Variable Portfolio divided by the value of the
     applicable Annuity Unit for that Variable Portfolio as of the Annuity Date.
     The number will not change as a result of investment experience.

(c)  VALUE OF EACH VARIABLE ANNUITY UNIT: The value of an Annuity Unit may
     increase or decrease from one month to the next. For any month, the value
     of an Annuity Unit of a particular Variable Portfolio is the value of that
     Annuity Unit as of the last NYSE business day of the preceding month,
     multiplied by the Net Investment Factor for that Variable Portfolio for the
     last NYSE business day of the current month.

The Net Investment Factor for any Variable Portfolio for a certain month is
determined by dividing (1) by (2) where:

          (1)  is the Accumulation Unit Value of the Variable Portfolio
               determined as of the last business day at the end of that month,
               and

          (2)  is the Accumulation Unit Value of the Variable Portfolio
               determined as of the last business day at the end of the
               preceding month.

The result is then multiplied by a factor that neutralizes the assumed
investment rate of 3.5%.

(d)  SUBSEQUENT VARIABLE ANNUITY PAYMENTS: After the first Variable
     Annuitization payment future payments will vary in amount according to the
     investment performance of the applicable Variable Portfolio(s) to which
     Your Purchase Payments are allocated. The amount may change from month to
     month. The amount of each subsequent payment for each Variable Portfolio is
     :

The number of Annuity Units for each Variable Portfolio as determined for the
first annuity payment

Multiplied by

The value of an Annuity Unit for that Variable Portfolio at the end of the month
immediately preceding the month in which payment is due.

We guarantee that the amount of each Variable Annuitization payments will not be
affected by variations in expenses or mortality experience.

                                       20
<PAGE>

                               GENERAL PROVISIONS

ENTIRE CONTRACT

The Entire Contract between You and Us consists of this Contract, this
Application or confirmation thereof, and any attached endorsement(s) or
rider(s). An agent cannot change the terms or conditions of this Contract. Any
change must be in writing and approved by Us. Only Our President, Secretary, or
one of Our Vice-Presidents can give Our approval.

CHANGE OF ANNUITANT

If the Owner is an individual, the Owner may change the Annuitant(s) at any time
prior to the Annuity Date. To make a change, the Owner must send a written
notice to Us at least 30 days before the Annuity Date. If the Owner is a
non-natural person, the Owner may not change the Annuitant.

DEATH OF ANNUITANT

If the natural Owner and Annuitant are different, and the Annuitant dies before
the Annuity Date, the Owner becomes the Annuitant until the Owner elects a new
Annuitant. If there are Joint Annuitants, upon the death of any Annuitant prior
to the Annuity Date, the Owner may elect a new Joint Annuitant. However, if the
Owner is a non-natural person, We will treat the death of any Annuitant as the
death of the "Primary Annuitant" and as the death of the Owner, see DEATH
PROVISIONS.

MISSTATEMENT OF AGE OR SEX

If the Age or sex of any Annuitant has been misstated, future annuity payments
will be adjusted using the correct Age and sex, according to Our rates in effect
on the date that annuity payments were determined. Any overpayment from the
fixed annuity payment options, plus interest at the rate of 4% per year, will be
deducted from the next payment(s) due. Any underpayment from the fixed annuity
payment options, plus interest at the rate of 4% per year, will be paid in full
with the next payment due. Any overpayment from the Variable Portfolios will be
deducted from the next payment(s) due. Any underpayment from the Variable
Portfolios will be paid in full with the next payment due.

With respect to Contract issue Age and other age driven features in the
Contract, should we discover a misstatement of Age, we reserve the right to
fully pursue Our remedies including possible termination of the Contract and/or
revocation of any Age driven benefits.

PROOF OF AGE, SEX, OR SURVIVAL

The Company may require satisfactory proof of correct Age or sex at any time. If
any payment under this Contract depends on the Annuitant being alive, the
Company may require satisfactory proof of survival.

DEFERMENT OF PAYMENTS

We may defer making payments from the available Fixed Account Options for up to
six (6) months. Interest, subject to state requirements, will be credited during
the deferral period.

                                       21
<PAGE>

SUSPENSION OF PAYMENTS

We may suspend or postpone any payments from the Variable Portfolios if any of
the following occur:

(a)  the NYSE is closed;

(b)  trading on the NYSE is restricted;

(c)  an emergency exists such that it is not reasonably practical to dispose of
     securities in the Variable Portfolios or to determine the value of its
     assets; or

(d)  the Securities and Exchange Commission, by order, so permits for the
     protection of Owners.

Conditions in (b) and (c) will be decided by or in accordance with rules of the
Securities and Exchange Commission.

CONFORMITY WITH STATE LAWS

The provisions of this Contract will be interpreted by the laws of the state in
which the Application or confirmation thereof was signed or such other state as
is required by law. Any provision which, on the Contract Date, is in conflict
with the law of such state is amended to conform to the minimum requirements of
such law.

CHANGES IN LAW

If the laws governing this Contract or the taxation of benefits under the
Contract change, We reserve the right to amend this Contract to comply with
these changes.

ASSIGNMENT

You may assign this Contract before the Annuity Date, but We will not be bound
by an assignment unless it is received by Us in writing. Your rights and those
of any other person referred to in this Contract will be subject to the
assignment. Certain assignments may be taxable. We do not assume any
responsibility for the validity or tax consequences of any assignment. We
reserve the right to not recognize assignments if it changes the risk profile of
the Owner of the Contract as determined in Our sole discretion.

CLAIMS OF CREDITORS

To the extent permitted by law, no right or proceeds payable under this Contract
will be subject to claims of creditors or legal process.

PREMIUM TAXES OR OTHER TAXES

The Company may deduct from Your Contract Value any premium tax or other taxes
payable to a state or other government entity, if applicable. Should We advance
any amount so due, We are not waiving any right to collect such amount at a
later date. The Company will deduct any withholding taxes required by applicable
law.

WRITTEN NOTICE

Any notice We send to You will be sent to Your address shown in the Application
or confirmation thereof unless You request otherwise. Any written request or
notice to Us must be sent to Our Annuity Service Center, as specified on the
Contract Data Page.

                                       22
<PAGE>

PERIODIC REPORTS

At least once during each Contract Year, We will send You a statement of the
account activity of the Contract. The statement will include all transactions
which have occurred during the accounting period shown on the statement.

INCONTESTABILITY

This Contract will be incontestable from the Contract Date, except as otherwise
stated under MISTATEMENT OF AGE OR SEX provision.

NONPARTICIPATING

This Contract does not share in Our surplus.

WAIVER

Our waiver of any of the terms and conditions under this Contract will not be
deemed to constitute waiver of the right to enforce strict compliance.

                                       23
<PAGE>

                             ANNUITY PAYMENT OPTIONS

During the Annuitant's life, upon written election and the return of this
Contract to the Company at its Annuity Service Center, the Contract Value may be
applied to provide one of the following options or any annuity payment option
that is mutually agreeable. After two years from the Contract Date, and prior to
the Annuity Date, You can choose one of the options described below. If no
option has been selected by the Annuity Date, You will automatically receive
option 4, below, with 120 monthly payments guaranteed.

OPTIONS 1 & 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED

Payments payable to a Payee during the lifetime of the Annuitant. No further
payments are payable after the death of the Annuitant.

OPTIONS 2 & 2v - JOINT AND SURVIVOR LIFE ANNUITY

Payments payable to the Payee during the lifetime of the Annuitant and during
the lifetime of a designated second person. No further payments are payable
after the deaths of both the Annuitant and the designated second person.

OPTIONS 3 & 3v - JOINT AND SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10
YEARS

Payments are payable to the Payee during the lifetime of the Annuitant and
during the lifetime of a designated second person. If, at the death of the
survivor, payments have been made for less than 10 years, the remaining
guaranteed annuity payments will be continued to the Beneficiary.

OPTIONS 4 & 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS

Payments payable to the Payee during the lifetime of the Annuitant. If, at the
death of the Annuitant, payments have been made for less than the 10 or 20
years, as selected at the time of annuitization, the remaining guaranteed
annuity payments will be continued to the Beneficiary.

OPTIONS 5 & 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN

Payments payable to the Payee for any specified period of time for five (5)
years or more, but not exceeding thirty (30) years, as selected at the time of
annuitization. The selection must be made for full twelve month periods. In the
event of death of the Annuitant, any remaining annuity payments will be
continued to the Beneficiary. If Variable Annuity Payments are elected under
this Annuity Payment Option, any remaining guaranteed Variable Annuity payments
may be redeemed for a discounted value determined by Us. Any applicable
Withdrawal Charges will be deducted from the discounted value as if You fully
surrendered Your Contract.

                                       24
<PAGE>

                       FIXED ANNUITY PAYMENT OPTIONS TABLE

BASIS OF COMPUTATION

The actuarial basis for the Table of Annuity Rates is the 1983a Annuity
Mortality Table with projection and a guaranteed interest rate of 3%. The
mortality table is projected using Projection Scale G factors, assuming
annuitization in the year 2000. The Fixed Annuity Payment Options Table does not
include any applicable premium tax.

            OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.

    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)

<TABLE>
<CAPTION>
                                                    OPTION 4                              OPTION 4
                                                  LIFE ANNUITY                          LIFE ANNUITY
                     OPTION 1                   (w/120 PAYMENTS                       (w/240 PAYMENTS
 AGE OF            LIFE ANNUITY                    GUARANTEED)                           GUARANTEED)
ANNUITANT        MALE      FEMALE           MALE              FEMALE              MALE               FEMALE
<S>              <C>       <C>              <C>               <C>                 <C>                <C>
   55             4.23      3.84            4.19               3.82               4.05                3.76
   56             4.32      3.91            4.27               3.88               4.11                3.81
   57             4.41      3.98            4.35               3.95               4.17                3.87
   58             4.51      4.05            4.44               4.02               4.24                3.93
   59             4.61      4.13            4.54               4.10               4.31                4.00
   60             4.72      4.22            4.64               4.18               4.37                4.06
   61             4.84      4.31            4.74               4.27               4.44                4.13
   62             4.96      4.40            4.85               4.36               4.51                4.20
   63             5.10      4.51            4.97               4.45               4.58                4.27
   64             5.24      4.62            5.10               4.55               4.65                4.35
   65             5.40      4.73            5.22               4.66               4.72                4.42
   66             5.56      4.86            5.36               4.78               4.79                4.50
   67             5.74      4.99            5.50               4.90               4.86                4.57
   68             5.93      5.14            5.65               5.02               4.92                4.65
   69             6.13      5.29            5.80               5.16               4.99                4.73
   70             6.35      5.46            5.96               5.30               5.05                4.80
   71             6.58      5.64            6.13               5.46               5.10                4.88
   72             6.82      5.84            6.29               5.62               5.16                4.95
   73             7.08      6.05            6.47               5.78               5.20                5.02
   74             7.36      6.28            6.64               5.96               5.25                5.08
   75             7.66      6.53            6.82               6.14               5.29                5.14
   76             7.98      6.80            7.00               6.33               5.33                5.19
   77             8.33      7.09            7.19               6.53               5.36                5.24
   78             8.69      7.41            7.37               6.73               5.39                5.29
   79             9.09      7.75            7.55               6.94               5.41                5.33
   80             9.51      8.11            7.73               7.14               5.43                5.36
   81             9.97      8.51            7.91               7.35               5.45                5.39
   82            10.45      8.94            8.08               7.55               5.47                5.42
   83            10.97      9.41            8.24               7.76               5.48                5.44
   84            11.52      9.92            8.40               7.95               5.49                5.46
   85            12.10     10.47            8.54               8.13               5.50                5.48
</TABLE>

                                       25
<PAGE>

              OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)
                       JOINT & 100% SURVIVOR LIFE ANNUITY

<TABLE>
<CAPTION>
  AGE OF
   MALE                                              AGE OF FEMALE ANNUITANT
ANNUITANT             --------------------------------------------------------------------------------------
---------              55            60            65            70           75           80            85
<S>                   <C>           <C>           <C>           <C>          <C>          <C>           <C>
    55                3.54          3.69          3.84          3.96         4.06         4.13          4.17
    60                3.63          3.83          4.04          4.23         4.39         4.52          4.60
    65                3.70          3.95          4.23          4.51         4.78         5.00          5.16
    70                3.75          4.04          4.39          4.78         5.18         5.56          5.85
    75                3.78          4.11          4.51          5.01         5.57         6.14          6.65
    80                3.81          4.15          4.60          5.18         5.89         6.70          7.52
    85                3.82          4.18          4.66          5.30         6.14         7.18          8.35
</TABLE>

              OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST)
         JOINT & 100% SURVIVOR LIFE ANNUITY (w/120 PAYMENTS GUARANTEED)

<TABLE>
<CAPTION>
  AGE OF
   MALE                                               AGE OF FEMALE ANNUITANT
ANNUITANT             --------------------------------------------------------------------------------------
---------              55            60            65            70           75           80            85
<S>                   <C>           <C>           <C>           <C>          <C>          <C>           <C>
    55                3.54          3.69          3.83          3.96         4.05         4.12          4.16
    60                3.63          3.83          4.03          4.22         4.38         4.50          4.57
    65                3.70          3.95          4.22          4.50         4.76         4.97          5.10
    70                3.75          4.04          4.38          4.76         5.15         5.48          5.72
    75                3.78          4.10          4.50          4.98         5.50         6.00          6.40
    80                3.80          4.14          4.58          5.13         5.78         6.46          7.04
    85                3.81          4.16          4.62          5.22         5.97         6.80          7.55
</TABLE>

              OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
                       FIXED PAYMENT FOR SPECIFIED PERIOD

<TABLE>
<CAPTION>
 NUMBER            MONTHLY        NUMBER        MONTHLY       NUMBER       MONTHLY      NUMBER       MONTHLY
OF YEARS           PAYMENT       OF YEARS       PAYMENT      OF YEARS      PAYMENT     OF YEARS      PAYMENT
--------           -------       --------       -------      --------      -------     --------      -------
<S>                <C>           <C>            <C>          <C>           <C>         <C>           <C>
                                    10           9.61           17          6.23          24           4.84
                                    11           8.86           18          5.96          25           4.71
   5                17.91           12           8.24           19          5.73          26           4.59
   6                15.14           13           7.71           20          5.51          27           4.47
   7                13.16           14           7.26           21          5.32          28           4.37
   8                11.68           15           6.87           22          5.15          29           4.27
   9                10.53           16           6.53           23          4.99          30           4.18
</TABLE>

                                       26
<PAGE>

                     VARIABLE ANNUITY PAYMENT OPTIONS TABLE

BASIS OF COMPUTATION

The actuarial basis for the Table of Annuity Rates is the 1983a Annuity
Mortality Table with projection and an effective annual Assumed Investment Rate
of 3.5%. The mortality table is projected using Projection Scale G factors,
assuming annuitization in the year 2000. The Variable Annuity Payment Options
Table does not include any applicable premium tax.

            OPTIONS 1v& 4v - TABLE OF MONTHLY INSTALLMENTS PER $1,000

    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)

<TABLE>
<CAPTION>
                                                   OPTION 4v                              OPTION 4v
                                                 LIFE ANNUITY                           LIFE ANNUITY
                    OPTION 1v                   (w/120 PAYMENTS                        (w/240 PAYMENTS
  AGE OF           LIFE ANNUITY                   GUARANTEED)                            GUARANTEED)
ANNUITANT       MALE       FEMALE          MALE               FEMALE              MALE               FEMALE
<S>             <C>        <C>             <C>                <C>                 <C>                <C>
    55           4.53       4.13           4.48                4.11               4.33                4.05
    56           4.62       4.20           4.56                4.18               4.39                4.10
    57           4.71       4.27           4.64                4.24               4.45                4.16
    58           4.80       4.34           4.73                4.31               4.52                4.22
    59           4.90       4.42           4.82                4.39               4.58                4.28
    60           5.01       4.51           4.92                4.47               4.65                4.34
    61           5.13       4.60           5.03                4.55               4.71                4.41
    62           5.26       4.69           5.14                4.64               4.78                4.48
    63           5.39       4.80           5.25                4.74               4.85                4.55
    64           5.54       4.91           5.38                4.84               4.92                4.62
    65           5.69       5.02           5.51                4.94               4.99                4.69
    66           5.86       5.15           5.64                5.06               5.05                4.77
    67           6.03       5.28           5.78                5.18               5.12                4.84
    68           6.22       5.43           5.93                5.30               5.18                4.92
    69           6.43       5.58           6.08                5.44               5.24                4.99
    70           6.64       5.75           6.23                5.58               5.30                5.06
    71           6.87       5.93           6.40                5.73               5.36                5.14
    72           7.12       6.13           6.56                5.89               5.41                5.21
    73           7.38       6.34           6.73                6.06               5.46                5.27
    74           7.66       6.57           6.91                6.23               5.50                5.33
    75           7.96       6.82           7.09                6.41               5.54                5.39
    76           8.28       7.09           7.27                6.60               5.57                5.44
    77           8.63       7.38           7.45                6.79               5.61                5.49
    78           9.00       7.70           7.63                6.99               5.63                5.54
    79           9.40       8.04           7.81                7.19               5.66                5.58
    80           9.82       8.41           7.98                7.40               5.68                5.61
    81          10.28       8.81           8.16                7.60               5.70                5.64
    82          10.76       9.24           8.32                7.81               5.71                5.66
    83          11.28       9.71           8.48                8.00               5.72                5.69
    84          11.83      10.23           8.64                8.19               5.73                5.70
    85          12.42      10.78           8.78                8.38               5.74                5.72
</TABLE>

                                       27
<PAGE>

              OPTION 2v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)
                       JOINT & 100% SURVIVOR LIFE ANNUITY

<TABLE>
<CAPTION>
 AGE OF
  MALE                                              AGE OF FEMALE ANNUITANT
ANNUITANT          -----------------------------------------------------------------------------------------
---------           55             60             65           70            75            80            85
<S>                <C>            <C>            <C>          <C>           <C>           <C>           <C>
   55              3.83           3.98           4.12         4.24          4.34          4.42          4.46
   60              3.92           4.11           4.32         4.51          4.67          4.80          4.89
   65              3.99           4.23           4.50         4.79          5.05          5.28          5.44
   70              4.04           4.33           4.67         5.05          5.46          5.83          6.13
   75              4.07           4.39           4.79         5.28          5.84          6.41          6.93
   80              4.10           4.44           4.88         5.45          6.16          6.97          7.79
   85              4.11           4.47           4.94         5.57          6.41          7.45          8.61
</TABLE>

              OPTION 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST)
        JOINT AND 100% SURVIVOR LIFE ANNUITY (w/120 PAYMENTS GUARANTEED)

<TABLE>
<CAPTION>
 AGE OF
  MALE                                              AGE OF FEMALE ANNUITANT
ANNUITANT          -----------------------------------------------------------------------------------------
---------           55             60             65           70            75            80            85
<S>                <C>            <C>            <C>          <C>           <C>           <C>           <C>
   55              3.83           3.98           4.12         4.24          4.34          4.40          4.45
   60              3.92           4.11           4.31         4.50          4.66          4.78          4.86
   65              3.99           4.23           4.50         4.78          5.03          5.24          5.38
   70              4.04           4.32           4.66         5.03          5.41          5.75          5.99
   75              4.07           4.38           4.78         5.25          5.77          6.26          6.66
   80              4.09           4.43           4.86         5.40          6.05          6.72          7.29
   85              4.10           4.45           4.90         5.50          6.24          7.05          7.80
</TABLE>

              OPTION 5v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
                         PAYMENTS FOR A SPECIFIED PERIOD

<TABLE>
<CAPTION>
 NUMBER           MONTHLY        NUMBER        MONTHLY       NUMBER        MONTHLY       NUMBER        MONTHLY
OF YEARS          PAYMENT       OF YEARS       PAYMENT      OF YEARS       PAYMENT      OF YEARS       PAYMENT
--------          -------       --------       -------      --------       -------      --------       -------
<S>               <C>           <C>            <C>          <C>            <C>          <C>            <C>
                                   10            9.83          17           6.47           24           5.09
                                   11            9.09          18           6.20           25           4.96
    5              18.12           12            8.46          19           5.97           26           4.84
    6              15.35           13            7.94          20           5.75           27           4.73
    7              13.38           14            7.49          21           5.56           28           4.63
    8              11.90           15            7.10          22           5.39           29           4.53
    9              10.75           16            6.76          23           5.24           30           4.45
</TABLE>

                                       28
<PAGE>

                      AIG SUNAMERICA LIFE ASSURANCE COMPANY
                   A STOCK COMPANY   LOS ANGELES, CALIFORNIA

                              INDIVIDUAL FIXED AND
                            VARIABLE ANNUITY CONTRACT

                                Nonparticipating

                                       29<PAGE>

                                                                    EXHIBIT 4(c)

                      AIG SUNAMERICA LIFE ASSURANCE COMPANY
                   A STOCK COMPANY   LOS ANGELES, CALIFORNIA

CERTIFICATE NUMBER         P9999999999

PARTICIPANT                JOHN DOE

<TABLE>
<S>                            <C>                          <C>
    STATUTORY HOME OFFICE           EXECUTIVE OFFICE          ANNUITY SERVICE CENTER
2999 NORTH 44TH ST., STE 250      1 SUNAMERICA CENTER            P. O. BOX 54299
      PHOENIX, AZ 85018        LOS ANGELES, CA 90067-6022   LOS ANGELES, CA 90054-0299
</TABLE>

AIG SUNAMERICA LIFE ASSURANCE COMPANY ("We", "Us", the "Company", or "AIG
SunAmerica Life") agrees to provide benefits to the Participant in accordance
with the provisions set forth in this Certificate and in consideration of the
Enrollment Form or confirmation thereof, and Purchase Payments We receive.

THIS CERTIFICATE IS EVIDENCE OF COVERAGE UNDER THE GROUP CONTRACT IF A
PARTICIPANT ENROLLMENT FORM IS ATTACHED. THE COVERAGE WILL BEGIN AS OF THE
CERTIFICATE DATE, SHOWN ON THE CERTIFICATE DATA PAGE.

THE VALUE OF AMOUNTS ALLOCATED TO THE SEPARATE ACCOUNT DURING THE ACCUMULATION
AND ANNUITY PERIODS IS NOT GUARANTEED, AND WILL INCREASE OR DECREASE BASED UPON
THE INVESTMENT EXPERIENCE OF THE VARIABLE PORTFOLIOS YOU CHOOSE.

THE CASH SURRENDER BENEFIT OF AMOUNTS ALLOCATED TO ANY AVAILABLE FIXED-MVA
ACCOUNT OPTION INCREASES OR DECREASES BASED ON THE APPLICATION OF THE MARKET
VALUE ADJUSTMENT EXCEPT DURING THE 30 DAYS AFTER THE END OF THE GUARANTEE
PERIOD. THERE IS NO MARKET VALUE ADJUSTMENT TO AMOUNTS ALLOCATED TO ANY
AVAILABLE NON-MVA FIXED ACCOUNT OPTION.

RIGHT TO EXAMINE - YOU MAY RETURN THIS CERTIFICATE TO OUR ANNUITY SERVICE CENTER
OR TO THE AGENT THROUGH WHOM THE CERTIFICATE WAS PURCHASED WITHIN 10 DAYS OR
LONGER AS MAY BE REQUIRED BY STATE LAW AFTER YOU RECEIVE IT, IF YOU ARE NOT
SATISFIED WITH IT. THE COMPANY WILL REFUND THE CERTIFICATE VALUE, LESS ANY
PAYMENT ENHANCEMENT(S), ON THE BUSINESS DAY DURING WHICH THE CERTIFICATE IS
RECEIVED. UPON SUCH REFUND, THE CERTIFICATE SHALL BE VOID.

For Individual Retirement Annuities or if a refund of the Purchase Payment(s) is
otherwise required, We reserve the right to allocate Your Purchase Payment(s)
and any Payment Enhancement to the Cash Management Portfolio until the end of
the Right To Examine period.

                  THIS IS A LEGAL DOCUMENT. READ IT CAREFULLY.

                       ALLOCATED GROUP FIXED AND VARIABLE
                               ANNUITY CERTIFICATE

                                Nonparticipating

                                       1
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<S>                                                             <C>
CERTIFICATE DATA PAGE......................................     PAGE 3

DEFINITIONS................................................     PAGE 4

PURCHASE PAYMENT PROVISIONS................................     PAGE 7

ACCUMULATION PROVISIONS....................................     PAGE 8

PAYMENT ENHANCEMENT PROVISIONS.............................    PAGE 10

CHARGES AND DEDUCTIONS.....................................    PAGE 10

TRANSFER PROVISIONS........................................    PAGE 11

WITHDRAWAL PROVISIONS......................................    PAGE 11

DEATH PROVISIONS...........................................    PAGE 13

ANNUITY PROVISIONS.........................................    PAGE 17

GENERAL PROVISIONS.........................................    PAGE 19

ANNUITY PAYMENT OPTIONS ...................................    PAGE 21

FIXED ANNUITY PAYMENT OPTIONS TABLE........................    PAGE 22

VARIABLE ANNUITY PAYMENT OPTIONS TABLE.....................    PAGE 25
</TABLE>

                                       2
<PAGE>

                              CERTIFICATE DATA PAGE

CERTIFICATE NUMBER:                          ANNUITY SERVICE CENTER:
          P9999999999                        P. O. BOX 54299
                                             LOS ANGELES, CA 90054-0299

PARTICIPANT:                                    AGE AT ISSUE:
          JOHN DOE                              35

ANNUITANT:                                   INITIAL PURCHASE PAYMENT:
          JOHN DOE                              $10,000.00

CERTIFICATE DATE:                            FIXED ACCOUNT OPTIONS -
          March 1, 2004                         Minimum Guarantee Rate:
                                                The greater of [1.5%] or the
                                                minimum allowable in the state
                                                of issue

SPECIFIED ANNUITY DATE:                      INITIAL PAYMENT ENHANCEMENT:
          March 1, 2029                         [2.0%]

LATEST ANNUITY DATE:                         SEPARATE ACCOUNT CHARGE:
          March 1, 2054                         [1.52%]

ANNUAL CERTIFICATE MAINTENANCE FEE:          SEPARATE ACCOUNT:
          $35.00                                [Variable Separate Account]

BENEFICIARY:
As named by You.

DEATH BENEFIT OPTION:
          Option I:  Purchase Payment Accumulation

            PAYMENT ENHANCEMENT SCHEDULE FOR INITIAL PURCHASE PAYMENT

<TABLE>
<CAPTION>
      PAYMENT ENHANCEMENT DATE                              PAYMENT ENHANCEMENT
-------------------------------------                       --------------------
<S>                                                         <C>
INITIAL PAYMENT ENHANCEMENT:

                       March 1, 2004                              $200.00

DEFERRED PAYMENT ENHANCEMENT(S):

                      [March 1, 2013]                            [$200.00*]
</TABLE>

*May be reduced by certain withdrawals of Certificate Value. Please see Payment
Enhancement Provisions.

                                  FOR INQUIRIES
                               CALL 1-800-445-SUN2

                                       3
<PAGE>

                                   DEFINITIONS

Defined in this section are some of the words and phrases used in this
Certificate. These terms are capitalized when used in the Certificate with the
meaning set forth below.

ACCUMULATION UNIT

A unit of measurement used to compute the Certificate Value in a Variable
Portfolio prior to the Annuity Date.

AGE

Age as of last birthday.

ANNUITANT

The natural person or persons (collectively, Joint Annuitants) whose life or
lives is/are used to determine the annuity benefits under the Certificate. If
the Certificate is in force and the Annuitant(s) is/are alive on the Annuity
Date, We will begin payments to the Payee. This Certificate cannot have Joint
Annuitants if it is issued in connection with a tax-qualified retirement plan.

ANNUITY DATE

The date on which annuity payments ("income payments") to the Payee begin. This
date cannot be later than the Latest Annuity Date.

ANNUITY SERVICE CENTER

As specified on the Certificate Data Page.

ANNUITY UNIT

A unit of measurement determined on or after the Annuity Date used to compute
annuity payments from the Variable Portfolio(s).

BENEFICIARY

The Beneficiary is as named by You at issue to receive the death benefit under
this Certificate upon Your death. You may later change Your Beneficiary in a
written request to Us at Our Annuity Service Center.

CONTINUATION DATE

The Date on which We receive at Our Annuity Service Center: (a) the Spousal
Beneficiary's written request to continue the Certificate, and (b) Due Proof of
Death of the Participant. If We receive (a) and (b) on different dates, the
Continuation Date will be the later date.

CERTIFICATE DATE

The date Your Certificate is issued, as shown on the Certificate Data Page. It
is the date from which Certificate Years and anniversaries are measured.

CERTIFICATE VALUE

The sum of: (1) Your share of the Variable Portfolios Accumulation Unit Values
and (2) the value of amounts, if any, allocated to any Fixed Account Options.

CERTIFICATE YEAR

One year starting from the Certificate Date in one calendar year and ending on
the day preceding the anniversary of such date in the succeeding calendar year.

CONTRIBUTION YEAR

                                       4
<PAGE>

A year starting from the date a Purchase Payment is made in one calendar year
and ending on the day preceding the anniversary of such date in succeeding
calendar years.

DEATH BENEFIT ADJUSTMENT

Any increase or reduction to the amount of the Death Benefit payable to account
for Purchase Payment and/or Withdrawal activity after a specified point in time
which will equal (a), (b) or (c), whichever is applicable, as follows:

     (a)  Where only Purchase Payments are received after the specified point in
          time, the dollar value of the Purchase Payments will be added to the
          Death Benefit payable; or

     (b)  Where only Withdrawals are made after the specified point in time, the
          Withdrawal will reduce the Death Benefit payable in the same
          proportion that the Certificate Value was reduced at the time of the
          Withdrawal; or

     (c)  Where Purchase Payments have been received and Withdrawals made after
          the specified point in time, the Death Benefit amount payable will be
          adjusted by Purchase Payment(s) received after a specified point in
          time, reduced by any Withdrawal, received after that specified point
          in time in the same proportion that the Certificate Value was reduced
          at the time of the Withdrawal.

DEFERRED PAYMENT ENHANCEMENT

Any Payment Enhancement allocated to Your Certificate Value on any Deferred
Payment Enhancement Date.

DOLLAR COST AVERAGING (DCA)

An optional program under which You authorize the systematic transfer of
specified amounts or percentages from any [Variable Portfolio(s)] or any
available non-MVA Fixed Account into any [Variable Portfolio(s)] other than the
source account.

FIXED ACCOUNT OPTIONS

The investment options, if available, under this Certificate that become part of
the Company's general asset account and are credited with a fixed rate of
interest declared by the Company. The general asset account contains all the
assets of the Company except for the Separate Account and other segregated asset
accounts. The amount You have in any Fixed Account Option at any time is a
result of any Purchase Payment You have allocated to it or any part of Your
Certificate Value You have transferred to it.

FIXED ANNUITIZATION

A series of periodic income payments of predetermined amounts that do not vary
with investment experience. Such payments are made from the Company's general
asset account. This Certificate provides several fixed annuity payment options.

GUARANTEE PERIOD

The period for which interest is credited to amounts allocated to available
Fixed Account Options. We determine in our sole discretion the periods, if any,
which will be offered.

INITIAL PAYMENT ENHANCEMENT

The Payment Enhancement allocated to Your Certificate Value on the date a
Purchase Payment is credited to Your Certificate.

IRC

The Internal Revenue Code of 1986, as amended, or as it may be amended or
superseded.

                                       5
<PAGE>

JOINT PARTICIPANT

Any person named as Joint Participant on the Enrollment Form and listed on the
Certificate Data Page, unless subsequently changed. The Joint Participant, if
any, possesses an undivided interest in this Certificate in conjunction with the
Participant. All references within this Certificate to Participant will also
apply to the Joint Participant. We reserve Our right to require that Joint
Participants be each others' spouse.

LATEST ANNUITY DATE

The later of the Participant's 90th birthday or ten years after the Certificate
Date.

MULTI-YEAR FIXED ACCOUNT OPTIONS

If available, Fixed Accounts for a Guarantee Period of at least two (2) years.

NET PURCHASE PAYMENT

The sum of all Purchase Payment(s), reduced for each Withdrawal in the same
proportion that the Certificate Value is reduced by such Withdrawal.

NYSE

New York Stock Exchange.

PARTICIPANT

The person or entity named in the Certificate who is entitled to exercise all
rights and privileges of ownership under the Certificate. Participant means both
Joint Participants, if applicable.

PAYEE

The person receiving payment of annuity benefits under this Certificate.

PAYMENT ENHANCEMENT

Payment Enhancements are amounts allocated to Your Certificate Value by Us.
Payment Enhancements are not considered Purchase Payments.

PURCHASE PAYMENTS

Payments in U.S. currency made by or on behalf of the Participant to the Company
to fund the Certificate.

REQUIRED DOCUMENTATION

Is: (a) Due Proof of Death that the Participant or the Spousal Beneficiary died
before the Annuity Date; and (b) an election form specifying the payment
options; and (c) any other documentation We may require.

SEPARATE ACCOUNT

A segregated asset account named on the Certificate Data Page. The Separate
Account consists of several Variable Portfolios, each investing in shares of the
Underlying Fund(s) of the trust(s). The assets of the Separate Account are not
co-mingled with the general assets and liabilities of the Company. The value of
amounts allocated to the Variable Portfolios of the Separate Account is not
guaranteed.

SPECIFIED ANNUITY DATE:

The anticipated Annuity Date specified by You on the Enrollment Form. This date
may be changed by You in writing prior to the Annuity Date, but in no event can
it be later than the Latest Annuity Date. If this date is not specified, it will
be the Latest Annuity Date.

                                       6
<PAGE>

SPOUSAL BENEFICIARY

The original deceased Participant's surviving spouse who is designated as the
primary Beneficiary at the time of the Participant's death and may continue the
Certificate as the Participant on the Continuation Date.

SUBSEQUENT PURCHASE PAYMENTS

Purchase Payments made after the Initial Purchase Payment.

TOTAL INVESTED AMOUNT

The sum of all Purchase Payments less amounts previously withdrawn that incurred
a Withdrawal Charge, less Purchase Payments withdrawn that were no longer
subject to a Withdrawal Charge.

UNDERLYING FUND

The variable investment options in which the corresponding Variable Portfolio(s)
invest.

VARIABLE ANNUITIZATION

A series of periodic income payments which vary in amount according to the
investment experience of one or more Variable Portfolio, as selected by You.
This Certificate provides several variable annuity payment options.

VARIABLE PORTFOLIO

One or more divisions of the Separate Account, which provides for the variable
investment options available under this Certificate. Each Variable Portfolio has
its own investment objective and is invested in the Underlying Fund(s) of the
trusts. A Variable Portfolio is not chargeable with liabilities arising out of
any other Variable Portfolio. The available Variable Portfolios are shown on the
Enrollment Form. Additional Variable Portfolios may become available in the
future.

WE, OUR, US, THE COMPANY

AIG SunAmerica Life Assurance Company.

WITHDRAWAL(S)

Amount(s) withdrawn from the Certificate Value including any charges and fees
applicable to each such Withdrawal.

YOU, YOUR

The Participant.

                           PURCHASE PAYMENT PROVISIONS

PURCHASE PAYMENTS

Purchase Payments are flexible. This means that, subject to Company disclosed
restrictions, You may change the amounts, frequency and/or timing of Purchase
Payments. Purchase Payments will be allocated in accordance with instructions
from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if
available. We reserve the right to specify the minimum or maximum Purchase
Payment that may be allocated to a Variable Portfolio or available Fixed Account
Option under the Certificate.

                                       7
<PAGE>

SUBSTITUTION OF VARIABLE PORTFOLIO

If the shares of an Underlying Fund should no longer be available for investment
by the Separate Account, then We may substitute shares of another Underlying
Fund, for shares already purchased, or to be purchased in the future.
Substitutions of securities will be carried out in accordance with any
applicable state and/or federal laws or regulations.

                             ACCUMULATION PROVISIONS

Prior to the Annuity Date, the Certificate Value is the sum of the Separate
Account Accumulation Value and the Fixed Account Accumulation Value.

SEPARATE ACCOUNT ACCUMULATION VALUE

The Separate Account Accumulation Value under the Certificate shall be the sum
of the values of the Accumulation Units held in the Variable Portfolios for the
Participant.

NUMBER OF ACCUMULATION UNITS

Your Certificate is credited with Accumulation Units of the Separate Account
when amounts are allocated to the Variable Portfolio(s). For that portion of
each Purchase Payment and/or transfer amount allocated to a Variable Portfolio,
the number of Accumulation Units credited is equal to the sum of each Purchase
Payment, any Payment Enhancement and/or transfer amount allocated to the
Variable Portfolio, reduced by premium taxes, if any:

Divided by

The Accumulation Unit value for that Variable Portfolio for the NYSE business
day in which the Purchase Payment, Payment Enhancement or transfer amount is
allocated.

The number of Accumulation Units will be reduced for Withdrawals of Certificate
Value, annuitizations, amounts transferred out of a Variable Portfolio, the
Certificate Maintenance Fee and applicable charges for elected features as set
forth in endorsements to this Certificate. Reductions will be made as of the
NYSE business day on which We receive all requirements for the transaction, as
appropriate.

ACCUMULATION UNIT VALUE (AUV)

The AUV of a Variable Portfolio for any NYSE business day is calculated by
subtracting (2) from (1) and dividing the result by (3) where:

(1)  is the total value at the end of the given NYSE business day of the assets
     attributable to the Variable Portfolio minus any applicable liabilities
     other than those owed to the Certificateholders;

(2)  is the amount equal to the daily Separate Account Charge plus the daily
     charge for any optional features that impose a daily charge;

(3)  is the number of Accumulation Units outstanding at the end of the given
     NYSE business day.

FIXED ACCOUNT ACCUMULATION VALUE

The Fixed Account Accumulation Value, if any, shall be the sum of all monies
allocated or transferred to the Fixed Account Option(s) if available, reduced by
any applicable premium taxes, plus all interest credited on the Fixed Account
Option(s) during the period that You have

                                       8
<PAGE>

Certificate Value allocated to the Fixed Account Option(s). This amount shall be
adjusted for Withdrawals, annuitizations, transfers, and the deduction of the
Certificate Maintenance Fee. The Fixed Account Accumulation Value shall not be
less than the minimum values required by law in the state where this Certificate
is issued.

FIXED ACCOUNT GUARANTEE PERIOD OPTIONS AND INTEREST CREDITING

The portion of Your Certificate Value within the Fixed Account, if any, is
credited with interest at rates guaranteed by Us for the Guarantee Period(s)
selected. Interest is credited on a daily basis at the then applicable effective
interest rate for the applicable Guarantee Period. You may select from one or
more Guarantee Periods which we may offer at any particular time. We reserve the
right at any time to add or delete Guarantee Periods. If You have allocated any
part of Your initial Purchase Payment to a Guarantee Period, the amount
allocated, as well as the duration of the Guarantee Period is shown on the
Enrollment Form or confirmation thereof as completed by You. The interest rate
applicable to an allocation of Purchase Payment or transfer of Certificate Value
to a Guarantee Period is the rate in effect for that Guarantee Period at the
time of the allocation or transfer. If You have allocated or transferred amounts
at different times to the Fixed Account, each allocation or transfer may have a
unique effective interest rate associated with that amount. We guarantee that
the effective annual rate of interest for the Fixed Account, including any of
the Guarantee Periods, will not be less than the Minimum Guarantee Rate as
mandated by Your state, and shown on the Certificate Data Page.

MARKET VALUE ADJUSTMENT (MVA)

Any payments and values based on available Fixed Account Options may be subject
to a MVA, the operation of which may result in upward or downward adjustments in
the Certificate Value, if withdrawn, transferred or annuitized prior to the end
of the respective Guarantee Period. The MVA will be calculated by multiplying
the amount withdrawn, transferred or annuitized by the following formula:

                  {(1 + I)/(1+J+0.0050)}(N/12) -1

I = The interest rate currently in effect for that Guarantee Period.

J = The interest rate available for the Guarantee Period equal to the number of
years (rounded up to an integer) remaining in the current Guarantee Period at
the time of withdrawal, transfer or annuitization. In the determination of J, if
the Company currently does not offer the applicable Guarantee Period, then the
rate will be determined by linear interpolation of the interest rate for the
nearest two Guarantee Periods that are available.

N = The number of full months remaining in the current Guarantee Period at the
time the withdrawal or annuitization request is processed.

If a Withdrawal Charge is applied to a Withdrawal, then the MVA will be applied
to the withdrawal amount net of the Withdrawal Charge.

There will be no MVA assessed against any Fixed Account Options subject to an
MVA in the following situations: (1) to pay a Death Benefit paid upon death of
the Participant; (2) on amounts withdrawn to pay fees or charges; (3) on amounts
withdrawn from the Fixed Account Option(s) within thirty (30) days after the end
of the Guarantee Period; (4) on annuitizations on the Latest Annuity Date.

                                       9
<PAGE>

                         PAYMENT ENHANCEMENT PROVISIONS

Payment Enhancements are amounts allocated to Your Certificate Value by Us.
Payment Enhancements are not considered Purchase Payments. Payment Enhancements
are subject to Our terms and conditions as discussed below.

PAYMENT ENHANCEMENT FOR INITIAL PURCHASE PAYMENT

We will allocate the Initial Payment Enhancement shown on the Certificate Data
Page to available Fixed Account Option(s), and Variable Portfolio(s) in the same
proportion as Your Initial Purchase Payment. The Initial Payment Enhancement
will be allocated on Your Certificate Date.

We will allocate any Deferred Payment Enhancement(s) shown on the Certificate
Data Page to the [Cash Management Portfolio] on the corresponding Deferred
Payment Enhancement Date(s) shown. Any Deferred Payment Enhancement(s) will be
reduced proportionately by Partial Withdrawals of the Initial Purchase
Payment(s), prior to the Deferred Payment Enhancement Date(s).

PAYMENT ENHANCEMENT FOR SUBSEQUENT PURCHASE PAYMENT(S)

The Initial Payment Enhancement for Subsequent Purchase Payments is a percentage
of each Subsequent Purchase Payment. We will allocate the Initial Payment
Enhancement for the Subsequent Purchase Payment to any then available Fixed
Account Option(s) and Variable Portfolio(s) in the same proportion as that
Subsequent Purchase Payment.

The Initial Payment Enhancement, and if applicable, any Deferred Payment
Enhancement(s) and Deferred Payment date(s) for Subsequent Purchase Payments
will be the Payment Enhancement percentages and Payment Enhancement dates in
effect at the time We receive Your Subsequent Purchase Payment. The amount of
any applicable Payment Enhancement(s) will be shown on the confirmation report
We send to you after Your Subsequent Purchase Payment is received by Us. We will
allocate any Deferred Payment Enhancement(s) for Subsequent Purchase Payments to
the [Cash Management Portfolio]. Deferred Payment Enhancement(s) corresponding
to Subsequent Purchase Payments will be reduced proportionately by Partial
Withdrawals of that Subsequent Purchase Payment, prior to the Deferred Payment
Enhancement Date(s).

DEFERRED PAYMENT ENHANCEMENTS

For purposes of determining a Deferred Payment Enhancement, Partial Withdrawals
are assumed to be withdrawn from earnings first, then from Purchase Payments on
a first-in-first-out (FIFO) basis. No Deferred Payment Enhancement will be
allocated if prior to the Deferred Payment Enhancement Date: (a) the Certificate
Value is fully withdrawn; or (b) a death benefit has been paid; or (c) Annuity
payments have begun; or (d) the entire Purchase Payment has been withdrawn.

                             CHARGES AND DEDUCTIONS

We will deduct the following charges from the Certificate:

CERTIFICATE MAINTENANCE FEE

                                       10
<PAGE>

The charge specified on the Certificate Data Page will be deducted on each
Certificate anniversary that occurs on or prior to the Annuity Date. It will
also be deducted when the Certificate Value is withdrawn in full if the
Withdrawal is not on the Certificate anniversary. We reserve the right to assess
this charge on a class basis that differs from the charge specified on the
Certificate Data Page. We also reserve the right to waive the fee for certain
Certificate Values [$50,000 and up].

WITHDRAWAL CHARGE

The charge, if any, may be deducted upon withdrawal of any portion of the
Certificate Value. See WITHDRAWAL PROVISIONS.

SEPARATE ACCOUNT CHARGE

This charge, as shown on the Certificate Data Page, on an annualized basis
equals a percentage of the average daily ending value of the assets attributable
to the Accumulation Units of the Variable Portfolio(s) to which the Certificate
is allocated. This charge compensates Us for mortality and expense risks,
distribution, and administration expenses associated with the Certificate. We
subtract this charge daily. We reserve the right to assess a charge on a class
basis which differs from the charge specified on the Certificate Data Page.

                               TRANSFER PROVISIONS

Prior to the Annuity Date, You may transfer all or part of Your Certificate
Value from any Variable Portfolio to any other Variable Portfolio(s) or
available Fixed Account Option(s) subject to applicable restrictions. The
minimum amount that can be transferred and the amount that can remain in a
Variable Portfolio or available Fixed Account Option are subject to Company
limits. We further reserve the right to restrict Your transfer privileges,
including possible termination of those privileges in Our sole discretion.

TRANSFERS OF ACCUMULATION AND ANNUITY UNITS BETWEEN VARIABLE PORTFOLIOS AND
FIXED ACCOUNTS

Prior to the Annuity Date, transfers are subject to certain restrictions. You
may transfer all or a portion of Your Certificate Value from one Variable
Portfolio to another Variable Portfolio(s) or available Fixed Account Option(s).
You may transfer from any available Fixed Account Option(s) to the Variable
Portfolio(s) and/or any available Fixed Account Option(s) of the Certificate. A
transfer will result in the redemption of Accumulation Units in a Variable
Portfolio and the purchase of Accumulation Units in the other Variable
Portfolio. Transfers will be effected at the end of the NYSE business day in
which We receive Your completed request for the transfer.

After the Annuity Date, transfers into and out of any available Fixed Account
Option(s) are not allowed. You may transfer all or a portion of Your Certificate
Value from one Variable Portfolio to another Variable Portfolio(s). A transfer
will result in the redemption of Annuity Units in a Variable Portfolio and the
purchase of Annuity Units in the other Variable Portfolio. Transfers will be
effected for the last NYSE business day of the month in which We receive Your
request for the transfer.

                              WITHDRAWAL PROVISIONS

                                       11
<PAGE>

On or before the Annuity Date and while the Participant is living, You may
withdraw all or part of Your Certificate Value under this Certificate by
informing Us at Our Annuity Service Center. For a full withdrawal, this
Certificate must be returned to Our Annuity Service Center. The minimum amount
that can be withdrawn and the amount remaining after withdrawal are subject to
Company limits.

Unless You tell Us otherwise in writing, Withdrawals will be deducted from the
Certificate Value in proportion to their allocation among any available Fixed
Account Options and the Variable Portfolios. Withdrawals will be based on values
for the NYSE business day in which the request for withdrawal and the
Certificate (in the case of a full withdrawal), are received at Our Annuity
Service Center. Unless the SUSPENSION OF PAYMENTS or DEFERMENT OF PAYMENTS
sections are in effect, payment of withdrawals will be made within seven
calendar days.

WITHDRAWAL CHARGE

Withdrawals of all or a portion of the Certificate Value may be subject to a
Withdrawal Charge as shown in the chart below. The Withdrawal Charge percentage
applied to any withdrawal will depend on how long the Purchase Payment to which
the withdrawal is attributed has been in the Certificate. No Withdrawal Charge
is deducted on an amount which is considered a Penalty-Free Withdrawal.

For the purpose of determining the Withdrawal Charge, a withdrawal will be
attributed to amounts in the following order: (1) penalty-free earnings in the
Certificate; (2) Purchase Payments which are no longer subject to the Withdrawal
Charge and not yet withdrawn; (3) any remaining Penalty-Free Withdrawal amount
(except in the case of a full surrender); and (4) Purchase Payments subject to a
Withdrawal Charge. Purchase Payments, when withdrawn, are assumed to be
withdrawn on a first-in-first-out (FIFO) basis. You will not receive the benefit
of a Penalty-Free Withdrawal in the case of a full surrender.

<TABLE>
<CAPTION>
       Number of Years Elapsed                 Withdrawal Charge as a
Between Purchase Payment Contribution         Percentage of Withdrawn
       and Date of Withdrawal                     Purchase Payment
-------------------------------------         ------------------------
<S>                                           <C>
                  0                                      9%
                  1                                      9%
                  2                                      8%
                  3                                      7%
                  4                                      6%
                  5                                      5%
                  6                                      4%
                  7                                      3%
                  8                                      2%
                 9+                                      0%
</TABLE>

The Withdrawal Charge will be assessed against the Variable Portfolio(s) and the
available Fixed Account Option(s) in the same proportion as the remaining
Certificate Value is allocated unless You request that the Withdrawal come from
a particular Variable Portfolio or available Fixed Account Option. After a
Withdrawal is taken, the remaining Certificate Value must be sufficient to cover
any Withdrawal Charge remaining upon full surrender of the Certificate.

                                       12
<PAGE>

PENALTY-FREE WITHDRAWALS

As of any day, You may make a withdrawal of up to the Penalty-Free Withdrawal
amount for that day without incurring a Withdrawal Charge. Any Penalty-Free
Withdrawal made in excess of penalty-free earnings in the Certificate is
considered to be a withdrawal of future penalty-free earnings and is therefore
not a withdrawal of the Total Invested Amount. On any day, penalty-free earnings
in the Certificate are calculated as the Certificate Value at the end of that
day less the Total Invested Amount.

During the first Certificate Year, the Penalty-Free Withdrawal amount is equal
to the penalty-free earnings in the Certificate as of the date of withdrawal.

Alternatively, during the first Certificate Year, You may make withdrawals of
the Penalty-Free Withdrawal amount through the Systematic Withdrawal Program.
The Penalty-Free Withdrawal amount as of any systematic withdrawal date is 10%
of the Total Invested Amount less any withdrawals already made during the
Certificate Year.

After the first Certificate Year, the maximum Penalty-Free Withdrawal amount as
of the date of the withdrawal is the greater of:

(a)  penalty-free earnings in the Certificate as of that date; or

(b)  10% of the Total Invested Amount on deposit for at least one year, less any
     withdrawals already made during the year.

Although amounts withdrawn free of a Withdrawal Charge reduce Certificate Value,
they do not reduce the Total Invested Amount for purposes of calculating the
Withdrawal Charge or for the purposes of calculating penalty-free earnings in
the Certificate. As a result, You will not receive the benefit of a Penalty-Free
Withdrawal in a full surrender.

SYSTEMATIC WITHDRAWAL PROGRAM

Prior to the Annuity Date, You may elect to participate in a Systematic
Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic
Withdrawal Program allows You to make automatic withdrawals from Your account
monthly, quarterly, semiannually or annually. The minimum systematic withdrawal
amount is subject to Company limits. Any amount withdrawn through the Systematic
Withdrawal Program may be subject to a Withdrawal Charge [and a Market Value
Adjustment] as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWAL
[and MARKET VALUE ADJUSTMENT] provisions. You may terminate Your participation
in the Systematic Withdrawal Program at any time by sending Us a written
request. We reserve the right to modify, suspend or terminate the Systematic
Withdrawal Program at any time.

Systematic withdrawals will be deducted from the Penalty-Free Withdrawal amount
available each Certificate Year.

                                DEATH PROVISIONS

Notwithstanding any provision of this Certificate to the contrary, all payments
of benefits under this Certificate will be made in a manner that satisfies the
requirements of IRC Section 72(s), as amended from time to time. If the
Certificate is owned by a trust or other non-natural person, We

                                       13
<PAGE>

will treat the death of any Annuitant as the death of the "Primary Annuitant"
and as the death of any Participant.

DUE PROOF OF DEATH

Due Proof of Death means:

               1.   a certified copy of a death certificate; or

               2.   a certified copy of a decree of a court of competent
                    jurisdiction as to the finding of death; or

               3.   a written statement by a medical doctor who attended the
                    deceased Participant at the time of death; or

               4.   any other proof satisfactory to Us.

DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE

We will pay a death benefit to the Beneficiary upon Our receiving all Required
Documentation. Unless You have previously designated a payment option on behalf
of the Beneficiary, the Beneficiary must select one of the following options:

               1.   Immediately collect the death benefit in a lump sum payment.
                    If a lump sum payment is elected, payment will be in
                    accordance with any applicable laws and regulations
                    governing payments on death; or

               2.   Collect the death benefit in the form of one of the Annuity
                    Payment Options. If an Annuity Payment Option is desired, an
                    option must be elected within 60 days of Our receipt of: (a)
                    Due Proof of Death of the Participant; (b) an election form
                    specifying the payment option and (c) any other
                    documentation We may require. The payments must be over the
                    life of the Beneficiary or over a period not extending
                    beyond the life expectancy of the Beneficiary. Payments
                    under this option must commence within one year after the
                    Participant's death, otherwise, the death benefit will be
                    paid in accordance with option 1 above; or

               3.   If eligible, continue the Certificate as the Spousal
                    Beneficiary. On the Continuation Date, We will contribute to
                    the Certificate any amount by which the Death Benefit
                    exceeds the Certificate Value, calculated as of the
                    Participant's date of death. This amount is not considered a
                    Purchase Payment except in the calculation of certain death
                    benefits upon the death of the Spousal Beneficiary. If this
                    option is elected, no death benefit is paid.

     You cannot change any elected death benefit option specified on the
     Certificate Data Page. Your Spousal Beneficiary may discontinue any
     optional death benefit option on the Continuation Date but cannot change
     the death benefit option elected by You on the Enrollment Form. Upon the
     Spousal Beneficiary's death, the entire interest of the Certificate must be
     distributed immediately under option 1 or 2 as provided under DEATH OF
     PARTICIPANT BEFORE THE ANNUITY DATE.

In any event, the entire interest in the Certificate will be distributed within
five years from the date of the death of the Participant unless payment option 1
or 2 was selected under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE.

                                       14
<PAGE>

AMOUNT OF DEATH BENEFIT

The amount of the death benefit will be determined based upon Your death benefit
option selection. Once selected, the death benefit option cannot be changed. The
death benefit options are as described below.

OPTION I:  PURCHASE PAYMENT ACCUMULATION ("PPA") DEATH BENEFIT OPTION

     If the Participant was age [74 or younger] on the Certificate Date, upon
     Our receipt at Our Annuity Service Center of all Required Documentation, We
     will calculate the Death Benefit and it will be the greatest of:

     1.   [100% of] Certificate Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   [100% of] Net Purchase Payment(s) compounded at [3%] interest until
          the earlier of the Participant's [75th] birthday or the date of death;
          and a Death Benefit Adjustment for Purchase Payment(s) transacted
          after the Participant's [75th] birthday but prior to the Participant's
          [86th] birthday and/or Withdrawals transacted after the Participant's
          [75th] birthday; or

     3.   [100% of] Certificate Value at the [seventh] Certificate anniversary;
          and a Death Benefit Adjustment for Purchase Payment(s) transacted
          after the [seventh] Certificate anniversary but prior to the
          Participant's [86th] birthday and/or Withdrawals transacted after the
          [seventh] Certificate anniversary.

PPA SPOUSAL BENEFICIARY CONTINUATION

If the Spousal Beneficiary continues the Certificate on the Continuation Date,
the death benefit payable upon the death of the Spousal Beneficiary will be as
follows:

     If the Spousal Beneficiary was age [74 or younger] on the Continuation
     Date, upon Our receipt at Our Annuity Service Center of all Required
     Documentation, We will calculate the Death Benefit and it will be the
     greatest of:

  (1)  [100% of] Certificate Value for the NYSE business day during which We
       receive all Required Documentation at Our Annuity Service Center; or

  (2)  [100% of] Certificate Value on the Continuation Date; and a Death Benefit
       Adjustment for Purchase Payment(s) and/or Withdrawals transacted since
       the Continuation Date, compounded at [3%] interest until the earlier of
       the Spousal Beneficiary's [75th] birthday or date of death; and a further
       Death Benefit Adjustment for Purchase Payment(s) transacted after the
       Spousal Beneficiary's [75th] birthday but prior to the Spousal
       Beneficiary's [86th] birthday and/or Withdrawals transacted after the
       Spousal Beneficiary's [75th] birthday; or

  (3)  [100% of] Certificate Value at the [seventh] Certificate anniversary; and
       a Death Benefit Adjustment for Purchase Payment(s) transacted after the
       [seventh] Certificate anniversary but prior to the Spousal Beneficiary's
       [86th] birthday and/or Withdrawals transacted after the [seventh]
       Certificate anniversary.

                                       15
<PAGE>

If the Spousal Beneficiary was age [75 but younger than 81] on the Continuation
Date, upon Our receipt of all Required Documentation at Our Annuity Service
Center, the Death Benefit will be the greatest of:

          1.   [100% of] Certificate Value for the NYSE business day during
               which We receive all Required Documentation at Our Annuity
               Service Center; or

          2.   [100% of] Certificate Value on the Continuation Date, and a Death
               Benefit Adjustment for Purchase Payment(s) transacted after the
               Continuation Date but prior to the Spousal Beneficiary's [86th]
               birthday and/or Withdrawals transacted after the Continuation
               Date; or

          3.   [100% of] the Maximum Anniversary Value after the Continuation
               Date that occurs prior to the Spousal Beneficiary's [81st]
               birthday. The Maximum Anniversary Value is equal to the greatest
               anniversary value attained from the following:

As of the date of receipt at Our Annuity Service Center of all Required
Documentation, anniversary value is equal to the Certificate Value on a
Certificate anniversary and a Death Benefit Adjustment for Purchase Payment(s)
transacted after the Certificate anniversary but prior to the Spousal
Beneficiary's [86th] birthday and/or Withdrawals transacted since that
Certificate anniversary.

If the Spousal Beneficiary was age [81 or older] at the time of death, the Death
Benefit will be [100% of] Certificate Value for the NYSE business day during
which We receive all Required Documentation at Our Annuity Service Center.

OPTION II:  MAXIMUM ANNIVERSARY VALUE ("MAV") DEATH BENEFIT OPTION

     If the Participant was age [80 or younger] on the Certificate Date and
     death occurs prior to Age [90], upon Our receipt of all Required
     Documentation at Our Annuity Service Center, We will calculate the Death
     Benefit and it will be the greatest of:

     1.   [100% of] Certificate Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

     2.   [100% of] of Net Purchase Payment(s) received prior to the earlier of
          the Participant's [86th] birthday or date of death; or

     3.   [100% of] of the Maximum Anniversary Value that occurs prior to the
          Participant's [83rd] birthday. The Maximum Anniversary Value is equal
          to the greatest anniversary value attained from the following:

          As of the date of receipt at our Annuity Service Center of all
          Required Documentation, anniversary value is equal to the Certificate
          Value on a Certificate anniversary, and a Death Benefit Adjustment for
          Purchase Payment(s) transacted since that Certificate anniversary but
          prior to the Participant's [86th] birthday and/or Withdrawals
          transacted since that Certificate anniversary.

If the Participant was at age [81 or older] at the time of death, the Death
Benefit will be [100% of] Certificate Value for the NYSE business day during
which We receive all Required Documentation at Our Annuity Service Center.

                                       16
<PAGE>

MAV SPOUSAL BENEFICIARY CONTINUATION

If the Spousal Beneficiary continues the Certificate on the Continuation Date,
the Death Benefit payable upon the death of the Spousal Beneficiary will be as
follows:

     If the Spousal Beneficiary was age [80 or younger] on the Continuation
     Date, upon Our receipt of all Required Documentation at Our Annuity Service
     Center, We will calculate the Death Benefit and it will be the greatest of:

      1.  [100% of] Certificate Value for the NYSE business day during which We
          receive all Required Documentation at Our Annuity Service Center; or

      2.  [100% of] Certificate Value on the Continuation Date; and a Death
          Benefit Adjustment for Purchase Payment(s) transacted after the
          Continuation Date but prior to the Spousal Beneficiary's [86th]
          birthday and/or Withdrawals transacted after the Continuation Date; or

      3.  [100% of] the Maximum Anniversary Value after the Continuation Date
          and preceding the date of death that occurs prior to the Spousal
          Beneficiary's [83rd] birthday. The Maximum Anniversary Value is equal
          to the greatest anniversary value attained from the following:

     As of the date of receipt at Our Annuity Service Center of all Required
     Documentation, anniversary value is equal to the Certificate Value on a
     Certificate anniversary and a Death Benefit Adjustment for Purchase
     Payments transacted after that Certificate anniversary but prior to the
     Spousal Beneficiary's [86th] birthday and/or Withdrawals transacted since
     that Certificate anniversary.

          If the Spousal Beneficiary was age [81 or older] on the Continuation
          Date, the Death Benefit will be [100% of] Certificate Value for the
          NYSE business day during which We receive all Required Documentation
          at Our Annuity Service Center.

DEATH OF PARTICIPANT OR ANNUITANT ON OR AFTER THE ANNUITY DATE.

If any Participant or Annuitant dies on or after the Annuity Date and before the
entire interest in the Certificate has been distributed, We will pay the
remaining portion of the annuity payout to the Beneficiary upon Our receipt of
Required Documentation. For further information pertaining to death of the
Annuitant, see ANNUITY PAYMENT OPTIONS.

BENEFICIARY

The Beneficiary is selected by the Participant. While the Participant is living
and before the Annuity Date, the Participant may change the Beneficiary by
written notice in a form satisfactory to Us. A change in Beneficiary will take
effect on the date We receive the written notice at Our Annuity Service Center.
If two or more persons are named as Beneficiaries under the Certificate, those
surviving the Participant will share equally unless otherwise stated; and each
must elect to receive their respective portions of the death benefit according
to the options listed under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE. If the
Annuitant survives the Participant, and there are no surviving Beneficiaries,
the Annuitant will be deemed the Beneficiary.

Joint Participants, if applicable, shall be each other's primary Beneficiary.
Joint Annuitants, if any, when the Participant is a non-natural person, shall be
each other's primary Beneficiary. Any other Beneficiary designation will be
treated as a contingent Beneficiary.

                                       17
<PAGE>

If the Participant is also the Annuitant and there are no surviving
Beneficiaries upon Our receipt of all Required Documentation, We will calculate
the Death Benefit and it will be paid to the estate of the Participant in
accordance with option 1, under DEATH OF PARTICIPANT BEFORE THE ANNUITY DATE.

                               ANNUITY PROVISIONS

ANNUITY DATE

The Participant specifies an anticipated Annuity Date on the Enrollment Form.
The Participant may change the Annuity Date at least seven days prior to the
Annuity Date, by written notice to the Company at its Annuity Service Center.
The Annuity Date must always be the first day of the calendar month and must be
at least two years after the Certificate Date, but not beyond the later of the
Participant's [90th birthday or ten years after the Certificate Date] ("Latest
Annuity Date"). If the Participant is a non-natural person, the Latest Annuity
Date is the later of the Annuitant's [90th birthday or ten years after the
Certificate Date]. If no Annuity Date is specified on the Enrollment Form, the
Annuity Date will be the Latest Annuity Date, as set by the Company.

PAYMENTS TO PARTICIPANT

Unless You request otherwise, We will make annuity payments to You. If You want
the annuity payments to be made to some other Payee, We will make such payments
subject to receipt of a written request filed at the Annuity Service Center no
later than thirty (30) days before the due date of the first annuity payment.

Any such request is subject to the rights of any assignee. No payments available
to or being paid to the Payee while the Annuitant is alive can be transferred,
commuted, anticipated or encumbered.

FIXED ANNUITIZATION

If a Fixed Annuitization has been elected, the proceeds payable under this
Certificate less any applicable premium taxes, shall be applied to the payment
of the fixed annuity payment option elected at rates which are at least equal to
the annuity rates based upon the applicable tables. In no event will the Fixed
Annuitization be changed once it begins.

AMOUNT OF FIXED ANNUITY PAYMENTS

The amount of each fixed annuity payment will be determined by applying the
portion of the Certificate Value allocated by You for Fixed Annuitization, less
any applicable premium taxes to the annuity table applicable to the fixed
annuity payment option chosen.

AMOUNT OF VARIABLE ANNUITY PAYMENTS

(a)  FIRST VARIABLE ANNUITY PAYMENT: The dollar amount of the first Variable
     Annuitization payment will be determined by applying the portion of the
     Certificate Value allocated to the Variable Portfolio(s), less any
     applicable premium taxes, to rates which are equal to the annuity rates
     based upon the annuity table applicable to the variable annuity payment
     option chosen. If the Certificate Value is allocated to more than one
     Variable Portfolio, the value of Your interest in each Variable Portfolio
     is applied

                                       18
<PAGE>

     separately to the variable annuity payment option table to determine the
     amount of the first annuity payment attributable to each Variable
     Portfolio.

(b)  NUMBER OF VARIABLE ANNUITY UNITS: The number of Annuity Units for each
     applicable Variable Portfolio is the amount of the first annuity payment
     attributable to that Variable Portfolio divided by the value of the
     applicable Annuity Unit for that Variable Portfolio as of the Annuity Date.
     The number will not change as a result of investment experience.

(c)  VALUE OF EACH VARIABLE ANNUITY UNIT: The value of an Annuity Unit may
     increase or decrease from one month to the next. For any month, the value
     of an Annuity Unit of a particular Variable Portfolio is the value of that
     Annuity Unit as of the last NYSE business day of the preceding month,
     multiplied by the Net Investment Factor for that Variable Portfolio for the
     last NYSE business day of the current month.

The Net Investment Factor for any Variable Portfolio for a certain month is
determined by dividing (1) by (2) where:

          (1)  is the Accumulation Unit Value of the Variable Portfolio
               determined as of the last business day at the end of that month,
               and

          (2)  is the Accumulation Unit Value of the Variable Portfolio
               determined as of the last business day at the end of the
               preceding month.

The result is then multiplied by a factor that neutralizes the assumed
investment rate of 3.5%.

(d)  SUBSEQUENT VARIABLE ANNUITY PAYMENTS: After the first Variable
     Annuitization payment, future payments will vary in amount according to the
     investment performance of the applicable Variable Portfolio(s) to which
     Your Purchase Payments are allocated. The amount may change from month to
     month. The amount of each subsequent payment for each Variable Portfolio
     is:

The number of Annuity Units for each Variable Portfolio as determined for the
first annuity payment

Multiplied by

The value of an Annuity Unit for that Variable Portfolio at the end of the month
immediately preceding the month in which payment is due.

We guarantee that the amount of each Variable Annuitization payments will not be
affected by variations in expenses or mortality experience.

                               GENERAL PROVISIONS

ENTIRE CERTIFICATE

The Entire Certificate between You and Us consists of this Certificate, this
Enrollment Form or confirmation thereof, and any attached endorsement(s) or
rider(s). An agent cannot change the terms or conditions of this Certificate.
Any change must be in writing and approved by Us. Only Our President, Secretary,
or one of Our Vice-Presidents can give Our approval.

                                       19
<PAGE>

CHANGE OF ANNUITANT

If the Participant is an individual, the Participant may change the Annuitant(s)
at any time prior to the Annuity Date. To make a change, the Participant must
send a written notice to Us at least 30 days before the Annuity Date. If the
Participant is a non-natural person, the Participant may not change the
Annuitant.

DEATH OF ANNUITANT

If the natural Participant and Annuitant are different, and the Annuitant dies
before the Annuity Date, the Participant becomes the Annuitant until the
Participant elects a new Annuitant. If there are Joint Annuitants, upon the
death of any Annuitant prior to the Annuity Date, the Participant may elect a
new Joint Annuitant. However, if the Participant is a non-natural person, We
will treat the death of any Annuitant as the death of the "Primary Annuitant"
and as the death of the Participant, see DEATH PROVISIONS.

MISSTATEMENT OF AGE OR SEX

If the Age or sex of any Annuitant has been misstated, future annuity payments
will be adjusted using the correct Age and sex, according to Our rates in effect
on the date that annuity payments were determined. Any overpayment from the
fixed annuity payment options, plus interest at the rate of 4% per year, will be
deducted from the next payment(s) due. Any underpayment from the fixed annuity
payment options, plus interest at the rate of 4% per year, will be paid in full
with the next payment due. Any overpayment from the Variable Portfolios will be
deducted from the next payment(s) due. Any underpayment from the Variable
Portfolios will be paid in full with the next payment due.

With respect to Certificate issue Age and other Age driven features in the
Certificate, should We discover a misstatement of Age, We reserve the right to
fully pursue Our remedies including possible termination of the Certificate
and/or revocation of any Age driven benefits.

PROOF OF AGE, SEX, OR SURVIVAL

The Company may require satisfactory proof of correct Age or sex at any time. If
any payment under this Certificate depends on the Annuitant being alive, the
Company may require satisfactory proof of survival.

DEFERMENT OF PAYMENTS

We may defer making payment from the available Fixed Account Option(s) for up to
six (6) months. Interest, subject to state requirements, will be credited during
the deferral period.

SUSPENSION OF PAYMENTS

We may suspend or postpone any payments from the Variable Portfolios if any of
the following occur:

     (a)  the NYSE is closed;

     (b)  trading on the NYSE is restricted;

     (c)  an emergency exists that it is not reasonable practical to dispose of
          securities in the Variable Portfolios or determine the value of its
          assets; or

     (d)  the Securities and Exchange Commission, by order, so permits for the
          protection of Participants.

     Conditions in (b) and (c) will be decided by or in accordance with rules of
     the Securities and Exchange Commission.

CONFORMITY WITH STATE LAWS

The provisions of this Certificate will be interpreted by the laws of the state
in which the Enrollment Form or confirmation thereof was signed or such other
state as is required by law.

                                       20
<PAGE>

Any provision which, on the Certificate Date, is in conflict with the law of
such state is amended to conform to the minimum requirements of such law.

CHANGES IN LAW

If the laws governing this Certificate or the taxation of benefits under the
Certificate change, We reserve the right to amend this Certificate to comply
with these changes.

ASSIGNMENT

You may assign this Certificate before the Annuity Date, but We will not be
bound by an assignment unless it is received by Us in writing. Your rights and
those of any other person referred to in this Certificate will be subject to the
assignment. Certain assignments may be taxable. We do not assume any
responsibility for the validity or tax consequences of any assignment. We
reserve the right to not recognize assignments if it changes the risk profile of
the Participant of the Certificate, as determined in Our sole discretion.

CLAIMS OF CREDITORS

To the extent permitted by law, no right or proceeds payable under this
Certificate will be subject to claims of creditors or legal process.

PREMIUM TAXES OR OTHER TAXES

The Company may deduct from Your Certificate Value any premium tax or other
taxes payable to a state or other government entity, if applicable. Should We
advance any amount so due, We are not waiving any right to collect such amount
at a later date. The Company will deduct any withholding taxes required by
applicable law.

WRITTEN NOTICE

Any notice We send to You will be sent to Your address shown in the Enrollment
Form or confirmation thereof unless You request otherwise. Any written request
or notice to Us must be sent to Our Annuity Service Center, as specified on the
Certificate Data Page.

PERIODIC REPORTS

At least once during each Certificate Year, We will send You a statement of the
account activity of the Certificate. The statement will include all transactions
that have occurred during the accounting period shown on the statement.

INCONTESTABILITY

This Certificate will be incontestable from the Certificate Date, except as
otherwise stated under MISSTATEMENT OF AGE OR SEX.

NONPARTICIPATING

This Certificate does not share in Our surplus.

WAIVER

Our waiver of any of the terms and conditions under this Certificate will not be
deemed to constitute a waiver of the right to enforce strict compliance.

                             ANNUITY PAYMENT OPTIONS

During the Annuitant's life, upon written election and the return of this
Certificate to the Company at its Annuity Service Center, the Certificate Value
may be applied to provide one of the following options or any annuity payment
option that is mutually agreeable. After two years from the Certificate Date,
and prior to the Annuity Date, You can choose one of the options

                                       21
<PAGE>

described below. If no option has been selected by the Annuity Date, You will
automatically receive option 4, below, with 120 monthly payments guaranteed.

OPTIONS 1 & 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED

Payments payable to a Payee during the lifetime of the Annuitant. No further
payments are payable after the death of the Annuitant.

OPTIONS 2 & 2v - JOINT AND 100% SURVIVOR LIFE ANNUITY

Payments payable to the Payee during the lifetime of the Annuitant and during
the lifetime of a designated second person. No further payments are payable
after the deaths of both the Annuitant and the designated second person.

OPTIONS 3 & 3v - JOINT AND 100% SURVIVOR LIFE ANNUITY WITH PAYMENTS GUARANTEED
FOR 10 OR 20 YEARS

Payments are payable to the Payee during the lifetime of the Annuitant and
during the lifetime of a designated second person. If, at the death of the
survivor, payments have been made for less than the 10 or 20 years, as selected
at the time of annuitization, the remaining guaranteed annuity payments will be
continued to the Beneficiary.

OPTIONS 4 & 4v - LIFE ANNUITY WITH PAYMENTS GUARANTEED FOR 10 OR 20 YEARS

Payments payable to the Payee during the lifetime of the Annuitant. If, at the
death of the Annuitant, payments have been made for less than the 10 or 20
years, as selected at the time of annuitization, the remaining guaranteed
annuity payments will be continued to the Beneficiary.

OPTIONS 5 & 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN

Payments payable to the Payee for any specified period of time for five (5)
years or more, but not exceeding thirty (30) years, as selected at the time of
annuitization. The selection must be made for full twelve month periods. In the
event of death of the Annuitant, any remaining annuity payments will be
continued to the Beneficiary. If Variable Annuity Payments are elected under
this Annuity Payment Option, any remaining guaranteed Variable Annuity payments
may be redeemed for a discounted value determined by Us. Any applicable
Withdrawal Charges will be deducted from the discounted value as if You fully
surrendered Your Certificate.

                                       22
<PAGE>

                       FIXED ANNUITY PAYMENT OPTIONS TABLE

BASIS OF COMPUTATION

The actuarial basis for the Table of Annuity Rates is the 1983a Annuity
Mortality Table with projection and a guaranteed interest rate of 3%. The
mortality table is projected using Projection Scale G factors, assuming
annuitization in the year 2000. The Fixed Annuity Payment Options Table does not
included any applicable premium tax.

            OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.

    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)

<TABLE>
<CAPTION>
                                                    OPTION 4                              OPTION 4
                                                  LIFE ANNUITY                          LIFE ANNUITY
                     OPTION 1                   (w/120 PAYMENTS                       (w/240 PAYMENTS
 AGE OF            LIFE ANNUITY                    GUARANTEED)                           GUARANTEED)
ANNUITANT        MALE      FEMALE           MALE              FEMALE              MALE               FEMALE
<S>              <C>       <C>              <C>               <C>                 <C>                <C>
   55             4.23      3.84            4.19               3.82               4.05                3.76
   56             4.32      3.91            4.27               3.88               4.11                3.81
   57             4.41      3.98            4.35               3.95               4.17                3.87
   58             4.51      4.05            4.44               4.02               4.24                3.93
   59             4.61      4.13            4.54               4.10               4.31                4.00
   60             4.72      4.22            4.64               4.18               4.37                4.06
   61             4.84      4.31            4.74               4.27               4.44                4.13
   62             4.96      4.40            4.85               4.36               4.51                4.20
   63             5.10      4.51            4.97               4.45               4.58                4.27
   64             5.24      4.62            5.10               4.55               4.65                4.35
   65             5.40      4.73            5.22               4.66               4.72                4.42
   66             5.56      4.86            5.36               4.78               4.79                4.50
   67             5.74      4.99            5.50               4.90               4.86                4.57
   68             5.93      5.14            5.65               5.02               4.92                4.65
   69             6.13      5.29            5.80               5.16               4.99                4.73
   70             6.35      5.46            5.96               5.30               5.05                4.80
   71             6.58      5.64            6.13               5.46               5.10                4.88
   72             6.82      5.84            6.29               5.62               5.16                4.95
   73             7.08      6.05            6.47               5.78               5.20                5.02
   74             7.36      6.28            6.64               5.96               5.25                5.08
   75             7.66      6.53            6.82               6.14               5.29                5.14
   76             7.98      6.80            7.00               6.33               5.33                5.19
   77             8.33      7.09            7.19               6.53               5.36                5.24
   78             8.69      7.41            7.37               6.73               5.39                5.29
   79             9.09      7.75            7.55               6.94               5.41                5.33
   80             9.51      8.11            7.73               7.14               5.43                5.36
   81             9.97      8.51            7.91               7.35               5.45                5.39
   82            10.45      8.94            8.08               7.55               5.47                5.42
   83            10.97      9.41            8.24               7.76               5.48                5.44
   84            11.52      9.92            8.40               7.95               5.49                5.46
   85            12.10     10.47            8.54               8.13               5.50                5.48
</TABLE>

                                       23
<PAGE>

              OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)
                       JOINT & 100% SURVIVOR LIFE ANNUITY

<TABLE>
<CAPTION>
 AGE OF
  MALE                                               AGE OF FEMALE ANNUITANT
ANNUITANT             --------------------------------------------------------------------------------------
---------              55            60            65            70           75           80            85
<S>                   <C>           <C>           <C>           <C>          <C>          <C>           <C>
    55                3.54          3.69          3.84          3.96         4.06         4.13          4.17
    60                3.63          3.83          4.04          4.23         4.39         4.52          4.60
    65                3.70          3.95          4.23          4.51         4.78         5.00          5.16
    70                3.75          4.04          4.39          4.78         5.18         5.56          5.85
    75                3.78          4.11          4.51          5.01         5.57         6.14          6.65
    80                3.81          4.15          4.60          5.18         5.89         6.70          7.52
    85                3.82          4.18          4.66          5.30         6.14         7.18          8.35
</TABLE>

              OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST)
         JOINT & 100% SURVIVOR LIFE ANNUITY (w/120 PAYMENTS GUARANTEED)

<TABLE>
<CAPTION>
 AGE OF
  MALE                                               AGE OF FEMALE ANNUITANT
ANNUITANT             --------------------------------------------------------------------------------------
---------              55            60            65            70           75           80            85
<S>                   <C>           <C>           <C>           <C>          <C>          <C>           <C>
    55                3.54          3.69          3.83          3.96         4.05         4.12          4.16
    60                3.63          3.83          4.03          4.22         4.38         4.50          4.57
    65                3.70          3.95          4.22          4.50         4.76         4.97          5.10
    70                3.75          4.04          4.38          4.76         5.15         5.48          5.72
    75                3.78          4.10          4.50          4.98         5.50         6.00          6.40
    80                3.80          4.14          4.58          5.13         5.78         6.46          7.04
    85                3.81          4.16          4.62          5.22         5.97         6.80          7.55
</TABLE>

              OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST)
         JOINT & 100% SURVIVOR LIFE ANNUITY (w/240 PAYMENTS GUARANTEED)

<TABLE>
<CAPTION>
 AGE OF
  MALE                                               AGE OF FEMALE ANNUITANT
ANNUITANT             --------------------------------------------------------------------------------------
---------              55            60            65            70           75           80            85
<S>                   <C>           <C>           <C>           <C>          <C>          <C>           <C>
                       55            60            65           70            75           80            85
    55                3.53          3.68          3.81         3.92          3.99         4.03          4.04
    60                3.62          3.81          4.00         4.16          4.27         4.34          4.37
    65                3.68          3.92          4.16         4.39          4.56         4.66          4.71
    70                3.72          3.99          4.29         4.58          4.81         4.96          5.03
    75                3.74          4.03          4.36         4.70          4.99         5.17          5.26
    80                3.75          4.05          4.40         4.77          5.09         5.30          5.40
    85                3.76          4.06          4.42         4.80          5.13         5.35          5.46
</TABLE>

                                       24
<PAGE>

              OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
                       FIXED PAYMENT FOR SPECIFIED PERIOD

<TABLE>
<CAPTION>
 NUMBER            MONTHLY        NUMBER        MONTHLY       NUMBER       MONTHLY      NUMBER       MONTHLY
OF YEARS           PAYMENT       OF YEARS       PAYMENT      OF YEARS      PAYMENT     OF YEARS      PAYMENT
--------           -------       --------       -------      --------      -------     --------      -------
<S>                <C>           <C>            <C>          <C>           <C>         <C>           <C>
                                    10           9.61           17          6.23          24           4.84
                                    11           8.86           18          5.96          25           4.71
   5                17.91           12           8.24           19          5.73          26           4.59
   6                15.14           13           7.71           20          5.51          27           4.47
   7                13.16           14           7.26           21          5.32          28           4.37
   8                11.68           15           6.87           22          5.15          29           4.27
   9                10.53           16           6.53           23          4.99          30           4.18
</TABLE>

                                       25
<PAGE>

                     VARIABLE ANNUITY PAYMENT OPTIONS TABLE

BASIS OF COMPUTATION

The actuarial basis for the Table of Annuity Rates is the 1983a Annuity
Mortality Table with projection and an effective annual Assumed Investment Rate
of 3.5%. The mortality table is projected using Projection Scale G factors,
assuming annuitization in the year 2000. The Variable Annuity Payment Options
Table does not include any applicable premium tax.

           OPTIONS 1v & 4v - TABLE OF MONTHLY INSTALLMENTS PER $1,000
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)

<TABLE>
<CAPTION>
                                                   OPTION 4v                             OPTION 4v
                                                  LIFE ANNUITY                          LIFE ANNUITY
                     OPTION 1v                  (w/120 PAYMENTS                       (w/240 PAYMENTS
 AGE OF            LIFE ANNUITY                    GUARANTEED)                           GUARANTEED)
ANNUITANT        MALE      FEMALE           MALE              FEMALE              MALE               FEMALE
<S>              <C>       <C>              <C>               <C>                 <C>                <C>
    55            4.53      4.13            4.48               4.11                4.33               4.05
    56            4.62      4.20            4.56               4.18                4.39               4.10
    57            4.71      4.27            4.64               4.24                4.45               4.16
    58            4.80      4.34            4.73               4.31                4.52               4.22
    59            4.90      4.42            4.82               4.39                4.58               4.28
    60            5.01      4.51            4.92               4.47                4.65               4.34
    61            5.13      4.60            5.03               4.55                4.71               4.41
    62            5.26      4.69            5.14               4.64                4.78               4.48
    63            5.39      4.80            5.25               4.74                4.85               4.55
    64            5.54      4.91            5.38               4.84                4.92               4.62
    65            5.69      5.02            5.51               4.94                4.99               4.69
    66            5.86      5.15            5.64               5.06                5.05               4.77
    67            6.03      5.28            5.78               5.18                5.12               4.84
    68            6.22      5.43            5.93               5.30                5.18               4.92
    69            6.43      5.58            6.08               5.44                5.24               4.99
    70            6.64      5.75            6.23               5.58                5.30               5.06
    71            6.87      5.93            6.40               5.73                5.36               5.14
    72            7.12      6.13            6.56               5.89                5.41               5.21
    73            7.38      6.34            6.73               6.06                5.46               5.27
    74            7.66      6.57            6.91               6.23                5.50               5.33
    75            7.96      6.82            7.09               6.41                5.54               5.39
    76            8.28      7.09            7.27               6.60                5.57               5.44
    77            8.63      7.38            7.45               6.79                5.61               5.49
    78            9.00      7.70            7.63               6.99                5.63               5.54
    79            9.40      8.04            7.81               7.19                5.66               5.58
    80            9.82      8.41            7.98               7.40                5.68               5.61
    81           10.28      8.81            8.16               7.60                5.70               5.64
    82           10.76      9.24            8.32               7.81                5.71               5.66
    83           11.28      9.71            8.48               8.00                5.72               5.69
    84           11.83     10.23            8.64               8.19                5.73               5.70
    85           12.42     10.78            8.78               8.38                5.74               5.72
</TABLE>

                                       26
<PAGE>

              OPTION 2v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.)
                       JOINT & 100% SURVIVOR LIFE ANNUITY

<TABLE>
<CAPTION>
 AGE OF
  MALE                                              AGE OF FEMALE ANNUITANT
ANNUITANT          -----------------------------------------------------------------------------------------
---------           55             60             65           70            75            80            85
<S>                <C>            <C>            <C>          <C>           <C>           <C>           <C>
   55              3.83           3.98           4.12         4.24          4.34          4.42          4.46
   60              3.92           4.11           4.32         4.51          4.67          4.80          4.89
   65              3.99           4.23           4.50         4.79          5.05          5.28          5.44
   70              4.04           4.33           4.67         5.05          5.46          5.83          6.13
   75              4.07           4.39           4.79         5.28          5.84          6.41          6.93
   80              4.10           4.44           4.88         5.45          6.16          6.97          7.79
   85              4.11           4.47           4.94         5.57          6.41          7.45          8.61
</TABLE>

              OPTION 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST)
        JOINT AND 100% SURVIVOR LIFE ANNUITY (w/120 PAYMENTS GUARANTEED)

<TABLE>
<CAPTION>
 AGE OF
  MALE                                             AGE OF FEMALE ANNUITANT
ANNUITANT          -----------------------------------------------------------------------------------------
---------           55             60             65           70            75            80            85
<S>                <C>            <C>            <C>          <C>           <C>           <C>           <C>
   55              3.83           3.98           4.12         4.24          4.34          4.40          4.45
   60              3.92           4.11           4.31         4.50          4.66          4.78          4.86
   65              3.99           4.23           4.50         4.78          5.03          5.24          5.38
   70              4.04           4.32           4.66         5.03          5.41          5.75          5.99
   75              4.07           4.38           4.78         5.25          5.77          6.26          6.66
   80              4.09           4.43           4.86         5.40          6.05          6.72          7.29
   85              4.10           4.45           4.90         5.50          6.24          7.05          7.80
</TABLE>

              OPTION 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
    (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST)
         JOINT & 100% SURVIVOR LIFE ANNUITY (w/240 PAYMENTS GUARANTEED)

<TABLE>
<CAPTION>
 AGE OF
  MALE                                               AGE OF FEMALE ANNUITANT
ANNUITANT             --------------------------------------------------------------------------------------
---------              55            60            65            70           75           80            85
<S>                   <C>           <C>           <C>           <C>          <C>          <C>           <C>
    55                3.82          3.97          4.10          4.20         4.27         4.31          4.33
    60                3.91          4.09          4.28          4.44         4.55         4.61          4.64
    65                3.97          4.20          4.44          4.66         4.83         4.93          4.97
    70                4.01          4.27          4.56          4.84         5.07         5.21          5.28
    75                4.03          4.31          4.64          4.97         5.25         5.42          5.51
    80                4.04          4.33          4.67          5.03         5.34         5.55          5.65
    85                4.05          4.34          4.69          5.06         5.38         5.60          5.70
</TABLE>

                                       27
<PAGE>

              OPTION 5v - TABLE OF MONTHLY INSTALLMENTS PER $1,000.
                         PAYMENTS FOR A SPECIFIED PERIOD

<TABLE>
<CAPTION>
 NUMBER           MONTHLY        NUMBER        MONTHLY       NUMBER        MONTHLY       NUMBER        MONTHLY
OF YEARS          PAYMENT       OF YEARS       PAYMENT      OF YEARS       PAYMENT      OF YEARS       PAYMENT
--------          -------       --------       -------      --------       -------      --------       -------
<S>               <C>           <C>            <C>          <C>            <C>          <C>            <C>
                                   10            9.83          17           6.47           24           5.09
                                   11            9.09          18           6.20           25           4.96
    5              18.12           12            8.46          19           5.97           26           4.84
    6              15.35           13            7.94          20           5.75           27           4.73
    7              13.38           14            7.49          21           5.56           28           4.63
    8              11.90           15            7.10          22           5.39           29           4.53
    9              10.75           16            6.76          23           5.24           30           4.45
</TABLE>

                                       28
<PAGE>

                      AIG SUNAMERICA LIFE ASSURANCE COMPANY
                   A STOCK COMPANY   LOS ANGELES, CALIFORNIA

                       ALLOCATED GROUP FIXED AND VARIABLE
                               ANNUITY CERTIFICATE

                                Nonparticipating

                                       29

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