<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>