<ARTICLE>  7
<LEGEND>
THIS  SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND INCOME STATEMENT OF ANCHOR NATIONAL LIFE INSURANCE COMPANY'S FORM 10-Q
FOR THE THREE MONTHS ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE  TO  SUCH  FINANCIAL  STATEMENTS.
</LEGEND>


                           
<PERIOD-TYPE>                          3-MOS
<FISCAL-YEAR-END>                SEP-30-1999
<PERIOD-END>                     DEC-31-1998
<DEBT-HELD-FOR-SALE>           4,248,840,000
<DEBT-CARRYING-VALUE>                      0
<DEBT-MARKET-VALUE>                        0
<EQUITIES>                         1,419,000
<MORTGAGE>                       388,780,000
<REAL-ESTATE>                     24,000,000
<TOTAL-INVEST>                 8,306,943,000
<CASH>                         3,303,454,000
<RECOVER-REINSURE>                         0
<DEFERRED-ACQUISITION>           866,053,000
<TOTAL-ASSETS>                23,146,333,000
<POLICY-LOSSES>                8,155,774,000
<UNEARNED-PREMIUMS>                        0
<POLICY-OTHER>                             0
<POLICY-HOLDER-FUNDS>                      0
<NOTES-PAYABLE>                  209,367,000
<COMMON>                           3,511,000
<PREFERRED-MANDATORY>                      0
<PREFERRED>                                0
<OTHER-SE>                       743,515,000
<TOTAL-LIABILITY-AND-EQUITY>  23,146,333,000
<PREMIUMS>                                 0
<INVESTMENT-INCOME>               53,773,000
<INVESTMENT-GAINS>                   271,000
<OTHER-INCOME>                    83,330,000
<BENEFITS>                        26,808,000
<UNDERWRITING-AMORTIZATION>       27,070,000
<UNDERWRITING-OTHER>               6,624,000
<INCOME-PRETAX>                   54,497,000
<INCOME-TAX>                      20,106,000
<INCOME-CONTINUING>               34,391,000
<DISCONTINUED>                             0
<EXTRAORDINARY>                            0
<CHANGES>                                  0
<NET-INCOME>                      34,391,000
<EPS-PRIMARY>                              0
<EPS-DILUTED>                              0
<RESERVE-OPEN>                             0
<PROVISION-CURRENT>                        0
<PROVISION-PRIOR>                          0
<PAYMENTS-CURRENT>                         0
<PAYMENTS-PRIOR>                           0
<RESERVE-CLOSE>                            0
<CUMULATIVE-DEFICIENCY>                    0