<ARTICLE>               7
<CIK>           881453
<NAME>          ASLAC1996
<MULTIPLIER>            1
<CURRENCY>              U.S Dollars
       
                     
<PERIOD-TYPE>           12-MOS
<FISCAL-YEAR-END>       Dec-31-1996
<PERIOD-START>          Jan-01-1996
<PERIOD-END>            Dec-31-1996
<EXCHANGE-RATE>                 1
<DEBT-HELD-FOR-SALE>              87,369,724
<DEBT-CARRYING-VALUE>             97,950,868
<DEBT-MARKET-VALUE>               97,462,993
<EQUITIES>                         2,637,731
<MORTGAGE>                                 0
<REAL-ESTATE>                              0
<TOTAL-INVEST>                   118,197,824
<CASH>                            14,199,412
<RECOVER-REINSURE>                 2,167,818
<DEFERRED-ACQUISITION>           438,640,918
<TOTAL-ASSETS>                 8,334,662,876 <F1>
<POLICY-LOSSES>                   57,484,685
<UNEARNED-PREMIUMS>                        0
<POLICY-OTHER>                             0
<POLICY-HOLDER-FUNDS>                      0
<NOTES-PAYABLE>                  213,000,000
<COMMON>                           2,000,000
<PREFERRED-MANDATORY>                      0
<PREFERRED>                                0
<OTHER-SE>                       124,345,031
<TOTAL-LIABILITY-AND-EQUITY>   8,334,662,876   <F2>
<PREMIUMS>                           125,000
<INVESTMENT-INCOME>                1,585,819
<INVESTMENT-GAINS>                   134,463
<OTHER-INCOME>                    86,233,366    <F3>
<BENEFITS>                         4,787,604
<UNDERWRITING-AMORTIZATION>       22,577,053
<UNDERWRITING-OTHER>              27,188,608
<INCOME-PRETAX>                   22,584,667
<INCOME-TAX>                      (4,038,357)
<INCOME-CONTINUING>                        0
<DISCONTINUED>                             0
<EXTRAORDINARY>                            0
<CHANGES>                                  0
<NET-INCOME>                      26,623,024
<EPS-PRIMARY>                              0
<EPS-DILUTED>                              0
<RESERVE-OPEN>                             0
<PROVISION-CURRENT>                        0
<PROVISION-PRIOR>                          0
<PAYMENTS-CURRENT>                         0
<PAYMENTS-PRIOR>                           0
<RESERVE-CLOSE>                            0
<CUMULATIVE-DEFICIENCY>                    0

<FN>
<F1> Included in Total Assets are Assets Held in Separate Accounts of
     $7,734,439,793.
<F2> Included in Total Liabilities and Equity are Liabilities Related to Separate Accounts of $7,734,439,793.
<F3> Other income includes annuity charges and fees of $69,779,522  and  fee income of $16,419,690.
</FN>