Supplement dated February 28, 2002*
                         to the following prospectuses:

American Express Signature Variable Annuity(R) dated July 23, 2001 (43444 E
(7/01))
American Express(R) Signature One Variable Annuity dated November 7, 2001
(240192 F (11/01))
American Express Signature Variable Universal Life(SM) dated May 1, 2001
(S-6482 D (5/01))

As of May 1, 2002, the Goldman Sachs Variable  Insurance  Trust ("VIT")  Goldman
Sachs VIT Internet  Tollkeeper  Fund(SM) and the Goldman Sachs VIT Global Income
Fund (the "Funds")  will no longer be available as investment  options under the
contract or policy. We are seeking  regulatory  approval to move all contract or
policy  values  remaining  in any  subaccounts  investing  in these Funds to the
AXP(R)  Variable  Portfolio - Cash  Management Fund on May 1, 2002. If approved,
automatic  allocations such as account  re-balancing and DCA will be reallocated
to the  AXP(R)  Variable  Portfolio  - Cash  Management  Fund  on that  day.  In
addition,  all contract or policy values remaining in any subaccounts  investing
in these  Funds will be  transferred  to the AXP(R)  Variable  Portfolio  - Cash
Management Fund on May 1, 2002.

In the alternative, we are seeking regulatory approval to substitute these Funds
with two other funds on or about May 1, 2002.  For all contract or policy values
remaining  in any  subaccounts  investing  in the  Goldman  Sachs  VIT  Internet
Tollkeeper  Fund(SM),  we will substitute  subaccounts  investing in the Goldman
Sachs VIT Core(SM) U.S. Equity Fund. For those subaccounts currently invested in
the Goldman Sachs VIT Global Income Fund, we will substitute a general corporate
bond fund with lower expense levels than the Global Income Fund.

THIS SUPPLEMENT SHOULD BE RETAINED WITH THE CURRENT PROSPECTUS FOR YOUR PRODUCT.


43444-14 A (3/02)
*Valid until April 30, 2002