Common use of UNDERLYING FUND Clause in Contracts

UNDERLYING FUND. The variable investment options in which the corresponding Variable Portfolio(s) invest. A series of periodic income payments which vary in amount according to the investment experience of one or more Variable Portfolios, as selected by You. This Contract provides several variable annuity payment options. One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts. A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on the Application. Additional Variable Portfolios may become available in the future. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First SunAmerica Life Insurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such withdrawal. YOU, YOUR The Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The minimum Purchase Payment that may be allocated to a Variable Portfolio or available Fixed Account Option under the Contract is $100. Subject to prior Company approval, the maximum of all Purchase Payments made to the Contract may not exceed $1,000,000. DOLLAR COST AVERAGING PROGRAM To facilitate a dollar cost averaging program, a source account and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfolio. Any portion of a Purchase Payment allocated to any available DCA Fixed Account Options must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account period. Upon termination of a DCA program using the DCA Fixed Account as a source account, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(s) for the program being terminated. If money remains in a DCA Fixed Account at the time of annuitization, that amount will be applied towards a Fixed Annuitization. The unit values credited and applied to your Contract are determined on the date of transfer. The minimum amount that may be allocated to the 6-month DCA Fixed Account Option is $600. The minimum amount that may be allocated to the 12-month DCA Fixed Account Option is $1,200. If market conditions exist such that we are not able to credit at least the Minimum Guarantee Rate for Fixed Account Options shown on Contract Data Page, we reserve the right to cease offering DCA Fixed Account Options. We will notify you 30 days before the end of a Fixed Account Option if we exercise this right.

UNDERLYING FUND. The variable Underlying Fund is the underlying investment options portfolios in which the corresponding Variable Portfolio(s) invest. Table of Contents A series of periodic income payments which vary in amount according to the investment experience of Variable Portfolio is one or more Variable Portfolios, as selected by You. This Contract provides several variable annuity payment options. One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts). A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. We, Our, Us, The available Variable Portfolios are shown on the Application. Additional Variable Portfolios may become available Company refers to The United States Life Insurance Company in the futureCity of New York. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First SunAmerica Life Insurance Company. WITHDRAWAL(S) Amount(sWithdrawals are any amount(s) withdrawn by the Owner from the Contract Value Value, including any charges and fees that include but are not limited to Withdrawal Charges, applicable to each such withdrawalWithdrawal. YOUWritten or In Writing refers to a written request or notice in acceptable form and content to Us, YOUR The which is signed and dated and is received at Our Annuity Service Center. You, Your refers to the Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments can be made at any time after the Contract Date, but must be received at Our Annuity Service Center before the Purchase Payment Age Limit, as shown on the Contract Data Page. With instructions from You, Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The minimum Purchase Payment that may be allocated We reserve the right, upon advance notice to a Variable Portfolio or available Fixed Account Option under the Contract is $100. Subject to prior Company approvalYou, to: 1) limit the maximum amount of all Purchase Payments made to Payments; and 2) discontinue acceptance of any subsequent Purchase Payment(s) received on or after the first Contract may not exceed $1,000,000Anniversary, if an optional guaranteed living benefit is elected. DOLLAR COST AVERAGING PROGRAM To facilitate We will apply these limitations in a dollar cost averaging program, a source account uniform and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1non-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfoliodiscriminatory manner. Any portion of a Purchase Payment allocated to any available the DCA Fixed Account Options Option(s), if available, must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account Option period. Upon termination of a DCA program using the DCA Fixed Account as a source accountprogram, any amounts remaining in the DCA Fixed Account Option(s) will be transferred to the DCA target allocation(s) for the program being terminated. If money remains in We reserve the right to impose a maximum contribution level on Purchase Payments allocated to a DCA Fixed Account Option(s) and/or change the terms and conditions of the DCA program at any time. We reserve the time of right to cease offering DCA Fixed Account Option(s). Upon annuitization, that amount any amounts remaining in the DCA Fixed Account Option(s) will be applied towards to a Fixed Annuitization. The unit values credited and applied to your Your Contract are determined on the each date of transfer. The minimum contribution amount that may be allocated to the 6-month DCA Fixed Account Option Option(s) is $600600 for the 6 month DCA and $1,200 for the 1 year DCA. The minimum amount that Table of Contents If the shares of an Underlying Fund should no longer be available for investment by the Separate Account, then We may substitute shares of another Underlying Fund, for shares already purchased, or to be purchased in the future. At any given time, some Variable Portfolios may not be available for receipt of Purchase Payment(s) or transfer(s). Substitutions may be allocated to the 12-month DCA Fixed Account Option is $1,200. If market conditions exist such that we are not able to credit at least the Minimum Guarantee Rate for Fixed Account Options shown on Contract Data Page, we reserve the right to cease offering DCA Fixed Account Options. We necessary and will notify you 30 days before the end of a Fixed Account Option if we exercise this rightbe carried out in accordance with any applicable state and/or federal laws or regulations.

UNDERLYING FUND. The variable investment options in which the corresponding Variable Portfolio(s) invest. VARIABLE ANNUITIZATION A series of periodic income payments which vary in amount according to the investment experience of one or more Variable Portfolios, as selected by You. This Contract provides several variable annuity payment options. One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts. A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on the ApplicationApplication or confirmation thereof. Additional Variable Portfolios may become available in the future. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First AIG SunAmerica Life Insurance Assurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such withdrawal. YOU, YOUR The Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments can be made at any time after the Contract Date, but before the older Owner's [86th] birthday. With instructions from You, Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The We reserve the right to specify the minimum or maximum Purchase Payment that may be allocated to a Variable Portfolio or available Fixed Account Option under the Contract is $100Contract. Subject to prior Company approval, the maximum of all Purchase Payments made to the Contract may not exceed $1,000,000. DOLLAR COST AVERAGING PROGRAM To facilitate a dollar cost averaging program, a source account and target account(sAS-981 (5/06) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfolio. FIXED ACCOUNT Any portion of a Purchase Payment allocated to any available the DCA Fixed Account Options Option(s) must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account periodOption Period. Upon termination of a the DCA program using any amounts remaining in the DCA Fixed Account as a source accountOption(s) will be transferred to the DCA target allocation(s) for the program being terminated. Upon annuitization, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(sOption(s) for the program being terminated. If money remains in a DCA Fixed Account at the time of annuitization, that amount will be applied towards to a Fixed Annuitization. The unit values credited and applied to your Your Contract are determined on the each date of transfer. The minimum amount that may be allocated to the 6-month DCA Fixed Account Option is $600. The minimum amount that may be allocated to the 12-month DCA Fixed Account Option is $1,200. If market conditions exist such that we are not able to credit at least the Minimum Guarantee Rate for Fixed Account Options shown on Contract Data Page, we We reserve the right to cease offering impose a minimum or maximum contribution level on Purchase Payments allocated to a DCA Fixed Account OptionsOption(s) and/or change the terms and conditions of the DCA program at any time. CHANGES TO VARIABLE PORTFOLIO OFFERINGS If the shares of an Underlying Fund should no longer be available for investment by the Separate Account, then We may substitute shares of another Underlying Fund, for shares already purchased, or to be purchased in the future. At any given time, some Variable Portfolios may not be available for receipt of Purchase Payment(s) or transfer(s). Substitutions of securities will notify you 30 days before the end of a Fixed Account Option if we exercise this rightbe carried out in accordance with any applicable state and/or federal laws or regulations.

UNDERLYING FUND. The variable investment options in which the corresponding Variable Portfolio(s) invest. VARIABLE ANNUITIZATION A series of periodic income payments which vary in amount according to the investment experience of one or more Variable Portfolios, as selected by You. This Contract provides several variable annuity payment options. One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts. A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on the Application. Additional Variable Portfolios may become available in the future. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First SunAmerica Life Insurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such withdrawal. YOU, YOUR The Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments can be made at any time after the Contract Date, but before the older Owner's 86th birthday. With instructions from You, Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The minimum Purchase Payment that may be allocated to a Variable Portfolio or available Fixed Account Option under the Contract is $100. Subject to prior Company approval, the maximum of all Purchase Payments made to the Contract may not exceed $1,000,000. DOLLAR COST AVERAGING PROGRAM To facilitate a dollar cost averaging program, a source account and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfolio. Any portion of a Purchase Payment allocated to any available DCA Fixed Account Options must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account period. Upon termination of a DCA program using the DCA Fixed Account as a source account, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(s) for the program being terminated. If money remains in a DCA Fixed Account at the time of annuitization, that amount will be applied towards a Fixed Annuitization. The unit values credited and applied to your Contract are determined on the date of transfer. The minimum amount that may be allocated to the 6-month DCA Fixed Account Option is $600. The minimum amount that may be allocated to the 12-month DCA Fixed Account Option is $1,200. If market conditions exist such that we are not able to credit at least the Minimum Guarantee Rate for Fixed Account Options shown on the Contract Data Page, we reserve the right to cease offering DCA Fixed Account Options. We will notify you 30 days before the end of a Fixed Account Option if we exercise this right.. The DCA Fixed Accounts are not available if the Optional Payment Enhancement Endorsement has been elected. CHANGES TO VARIABLE PORTFOLIO OFFERINGS If the shares of an Underlying Fund should no longer be available for investment by the Separate Account, then We may substitute shares of another Underlying Fund, for shares already purchased, or to be purchased in the future. At any given time, some Variable Portfolios may not be available for receipt of Purchase Payment(s) or transfers. Substitutions of securities will be carried out in accordance with any applicable state and/or federal laws or regulations. ACCUMULATION PROVISIONS Prior to the Annuity Date, the Contract Value is the sum of the Separate Account Accumulation Value and the Fixed Account Accumulation Value, if any. If Your Contract Value falls below $2,500, subject to applicable state and federal laws, rules and regulations, we may terminate Your Contract and send you the remaining dollar amount. SEPARATE ACCOUNT ACCUMULATION VALUE The Separate Account Accumulation Value under the Contract is the sum of the Accumulation Unit Values held in the Variable Portfolios for You. NUMBER OF ACCUMULATION UNITS Your Contract is credited with Accumulation Units of the Separate Account when amounts are allocated to the Variable Portfolio(s). For that portion of each Purchase Payment and/or transfer amount allocated to a Variable Portfolio, the number of Accumulation Units credited is equal: The sum of each Purchase Payment and/or transfer amount allocated to the Variable Portfolio reduced by premium taxes, if any: Divided by The Accumulation Unit Value for that Variable Portfolio for the NYSE business day in which the Purchase Payment or transfer amount is received. The number of Accumulation Units will be reduced for Withdrawals of Contract Value, annuitizations, amounts transferred out of a Variable Portfolio, the Contract Maintenance Fee and applicable charges for optional features as set forth in endorsements to this Contract. Any reduction to the Contract Value will be made as of the NYSE business day in which We receive all requirements for the transaction, as appropriate. ACCUMULATION UNIT VALUE (AUV) The AUV of a Variable Portfolio for any NYSE business day is calculated by subtracting (2) from (1) and dividing the result by (3) where:

UNDERLYING FUND. The variable investment options in which the corresponding Variable Portfolio(s) invest. VARIABLE ANNUITIZATION A series of periodic income payments which vary in amount according to the investment experience of one or more Variable PortfoliosPortfolio, as selected by You. This Contract provides several variable annuity payment options. VARIABLE PORTFOLIO One or more divisions of the Separate Account Account, which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts. A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on the Application. Additional Variable Portfolios may become available in the future. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First AIG SunAmerica Life Insurance Assurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such withdrawalWithdrawal. YOU, YOUR The Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The We reserve the right to specify the minimum or maximum Purchase Payment that may be allocated to a Variable Portfolio or available Fixed Account Option under the Contract. SUBSTITUTION OF VARIABLE PORTFOLIO If the shares of an Underlying Fund should no longer be available for investment by the Separate Account, then We may substitute shares of another Underlying Fund, for shares already purchased, or to be purchased in the future. Substitutions of securities will be carried out in accordance with any applicable state and/or federal laws or regulations. ACCUMULATION PROVISIONS Prior to the Annuity Date, the Contract Value is the sum of the Separate Account Accumulation Value and the Fixed Account Accumulation Value. SEPARATE ACCOUNT ACCUMULATION VALUE The Separate Account Accumulation Value under the Contract shall be the sum of the values of the Accumulation Units held in the Variable Portfolios for the Owner. NUMBER OF ACCUMULATION UNITS Your Contract is $100. Subject to prior Company approval, credited with Accumulation Units of the maximum of all Purchase Payments made to the Contract may not exceed $1,000,000. DOLLAR COST AVERAGING PROGRAM To facilitate a dollar cost averaging program, a source account and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfolio. Any portion of a Purchase Payment Separate Account when amounts are allocated to any available DCA Fixed Account Options must be transferred out to the Variable Portfolio(s) within ). For that portion of each Purchase Payment and/or transfer amount allocated to a Variable Portfolio, the specified DCA Fixed Account period. Upon termination number of a DCA program using Accumulation Units credited is equal to the DCA Fixed Account as a source accountsum of each Purchase Payment, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(s) for the program being terminated. If money remains in a DCA Fixed Account at the time of annuitization, that Payment Enhancement and/or transfer amount will be applied towards a Fixed Annuitization. The unit values credited and applied to your Contract are determined on the date of transfer. The minimum amount that may be allocated to the 6-month DCA Fixed Account Option Variable Portfolio, reduced by premium taxes, if any: Divided by The Accumulation Unit value for that Variable Portfolio for the NYSE business day in which the Purchase Payment, Payment Enhancement or transfer amount is $600allocated. The minimum amount that may number of Accumulation Units will be allocated to the 12-month DCA Fixed Account Option is $1,200. If market conditions exist such that we are not able to credit at least the Minimum Guarantee Rate reduced for Fixed Account Options shown on Withdrawals of Contract Data PageValue, we reserve the right to cease offering DCA Fixed Account Options. We will notify you 30 days before the end annuitizations, amounts transferred out of a Fixed Account Option if we exercise Variable Portfolio, the Contract Maintenance Fee and applicable charges for elected features as set forth in endorsements to this right.Contract. Reductions will be made as of the NYSE business day on which We receive all requirements for the transaction, as appropriate. ACCUMULATION UNIT VALUE (AUV) The AUV of a Variable Portfolio for any NYSE business day is calculated by subtracting (2) from (1) and dividing the result by (3) where:

UNDERLYING FUND. The variable investment options in which the corresponding Variable Portfolio(s) invest. VARIABLE ANNUITIZATION A series of periodic income payments which vary in amount according to the investment experience of one or more Variable Portfolios, as selected by You. This Contract provides several variable annuity payment options. One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts. A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on the Application. Additional Variable Portfolios may become available in the future. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First SunAmerica Life Insurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such withdrawal. YOU, YOUR The Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments can be made at any time after the Contract Date, but before the older Owner's 86th birthday. With instructions from You, Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The minimum Purchase Payment that may be allocated to a Variable Portfolio or available Fixed Account Option under the Contract is $100. Subject to prior Company approval, the maximum of all Purchase Payments made to the Contract may not exceed $1,000,000. DOLLAR COST AVERAGING PROGRAM To facilitate a dollar cost averaging program, a source account and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfolio. Any portion of a Purchase Payment allocated to any available DCA Fixed Account Options must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account period. Upon termination of a DCA program using the DCA Fixed Account as a source account, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(s) for the program being terminated. If money remains in a DCA Fixed Account at the time of annuitization, that amount will be applied towards a Fixed Annuitization. The unit values credited and applied to your Contract are determined on the date of transfer. The minimum amount that may be allocated to the 6-month DCA Fixed Account Option is $600. The minimum amount that may be allocated to the 12-month DCA Fixed Account Option is $1,200. If market conditions exist such that we are not able to credit at least the Minimum Guarantee Rate for Fixed Account Options shown on the Contract Data Page, we reserve the right to cease offering DCA Fixed Account Options. We will notify you 30 days before the end of a Fixed Account Option if we exercise this right. The DCA Fixed Accounts are not available if the Optional Payment Enhancement Endorsement has been elected. CHANGES TO VARIABLE PORTFOLIO OFFERINGS If the shares of an Underlying Fund should no longer be available for investment by the Separate Account, then We may substitute shares of another Underlying Fund, for shares already purchased, or to be purchased in the future. At any given time, some Variable Portfolios may not be available for receipt of Purchase Payment(s) or transfers. Substitutions of securities will be carried out in accordance with any applicable state and/or federal laws or regulations. PAYMENT ENHANCEMENT PROVISIONS We will allocate Payment Enhancements to available Variable Portfolio(s) and/or Fixed Account Option(s) in the same proportion as each corresponding Purchase Payment. Payment Enhancements for Subsequent Purchase Payment(s) will be determined by the Payment Enhancement Rate in effect at the time Your Subsequent Purchase Payment is received by Us. We will send You a confirmation of the Payment Enhancement allocated to Your Contract Value.