<ARTICLE>               7       
<CIK>                   0000881453  
<NAME>                  ASLAC1298
<MULTIPLIER>            1,000
<CURRENCY>              U.S Dollars
                                                                     
                                 
<PERIOD-TYPE>                        12-MOS
<FISCAL-YEAR-END>                    DEC-31-1998
<PERIOD-START>                       JAN-01-1998
<PERIOD-END>                         DEC-31-1998
<EXCHANGE-RATE>                                1
<DEBT-HELD-FOR-SALE>                     141,195
<DEBT-CARRYING-VALUE>                    149,484
<DEBT-MARKET-VALUE>                      149,575
<EQUITIES>                                 8,210
<MORTGAGE>                                     0
<REAL-ESTATE>                                  0
<TOTAL-INVEST>                           158,263
<CASH>                                    77,525
<RECOVER-REINSURE>                         4,191
<DEFERRED-ACQUISITION>                   721,507
<TOTAL-ASSETS>                        18,848,273 <F1>
<POLICY-LOSSES>                           63,053
<UNEARNED-PREMIUMS>                            0
<POLICY-OTHER>                                 0
<POLICY-HOLDER-FUNDS>                          0
<NOTES-PAYABLE>                          203,000
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                   2,000
<OTHER-SE>                               248,417
<TOTAL-LIABILITY-AND-EQUITY>          18,848,273 <F2>
<PREMIUMS>                                   874
<INVESTMENT-INCOME>                       11,130
<INVESTMENT-GAINS>                            99
<OTHER-INCOME>                           237,437 <F3>
<BENEFITS>                                (2,175)
<UNDERWRITING-AMORTIZATION>               86,628
<UNDERWRITING-OTHER>                      81,162
<INCOME-PRETAX>                           42,921
<INCOME-TAX>                               8,154
<INCOME-CONTINUING>                            0
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                              34,767
<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 
     $17,835,400.
<F2> Included in Total Liabilities and Equity are Liabilities Related to 
     Separate Accounts of $17,835,400.
<F3> Other income includes annuity charges and fees of $186,211 and fee 
     income of $50,839.
</FN>