As filed pursuant to Rule 424(b)(3)
                                             under the Securities Act of 1933
                                             Registration No. 333-103504











                      AIG SUNAMERICA LIFE ASSURANCE COMPANY
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                          VARIABLE ANNUITY ACCOUNT TWO
                                SUPPLEMENT TO THE
                    VISTA CAPITAL ADVANTAGE VARIABLE ANNUITY
                          PROSPECTUS DATED MAY 1, 2003

- --------------------------------------------------------------------------------


      This contract is closed to new sales. However, subsequent purchase
payments will continue to be accepted.

      The Board of Trustees of Mutual Fund Variable Annuity Trust and SunAmerica
Series Trust approved a reorganization whereby each Current Fund listed in the
table below will transfer all of its assets and liabilities to a Successor Fund
(listed across from it in the table below) in exchange for shares of such
Successor Fund, subject to approval by shareholders of the applicable Current
Fund.

      A special meeting of shareholders of each Current Fund has been called to
consider the applicable reorganizations and related transactions. Before these
special meetings, shareholders will receive a combined prospectus/proxy
statement containing information about the proposed reorganization relating to
their Current Fund and information about the relevant Successor Fund.



           Current Funds                           Successor Funds
           -------------                           ---------------
                                    
Asset Allocation Portfolio             MFS Total Return Portfolio
Capital Growth Portfolio               Marsico Growth Portfolio
Growth & Income Portfolio              Davis Venture Value Portfolio
International Equity Portfolio         International Growth and Income Portfolio
Money Market Portfolio                 Cash Management Portfolio
U.S. Government Income Portfolio       Cash Management Portfolio






Date:    September 10, 2003


               PLEASE KEEP THIS SUPPLEMENT WITH YOUR PROSPECTUS.










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