LIMITED POWER OF ATTORNEY


         KNOWN ALL MEN BY THESE PRESENT, that I, Paul S. Bell, Director,  Senior
Vice  President and Chief Actuary of AIG Life Insurance  Company,  a corporation
duly  organized  under the laws of the  State of  Delaware,  do  hereby  appoint
Kenneth D. Walma as my attorney and agent,  for me, and in my name as a Director
of the  Company  on behalf  of the  Company  or  otherwise,  with full  power to
execute,  deliver  and file with the  Securities  and  Exchange  Commission  all
documents  required for  registration  of a security under the Securities Act of
1933 as amended,  and the Investment Company Act of 1940, as amended,  and to do
and  perform  each and  every  act that  said  attorney  may deem  necessary  or
advisable to comply with the intent of the aforesaid Acts.
         WITNESS my hand and seal this 24th day of May, 1999.
WITNESS:

/s/ June M. Parsons                          /s/ Paul S. Bell
- -------------------------                     ---------------------------------
June M. Parsons                              Paul S. Bell