The Contract Holder may cancel this Contract within 10 days of receiving it by

Exhibit 16(4)(b):  Individual Annuity Contract (Form No. I2-MGA-95)

[AETNA LOGO]

Aetna Insurance Company of America
Home Office: 000 Xxxxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000

(000) 000-0000

A STOCK COMPANY

Aetna Insurance Company of America, herein called Aetna, agrees

to pay the benefits stated in this Contract.

Specifications

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Plan AETNA MULTI-RATE ANNUITY

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Type of Plan SINGLE PREMIUM MODIFIED GUARANTEED DEFERRED ANNUITY

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

Contract Holder(s) ANY INDIVIDUAL

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

Contract No. SPECIMEN

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Effective Date DECEMBER 1, 1995

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This Contract is Delivered in YOUR STATE and is Subject

to the Laws of that Jurisdiction

RIGHT TO CANCEL

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

The Contract Holder may cancel this Contract within 10 days of receiving it by

returning this Contract along with a written notice to Aetna at the above
address or to the agent from whom it was purchased. Within 7 days after it
receives the notice of cancellation and this Contract at its Home Office,
Aetna will return the entire consideration paid.

Signed at the Home Office on the Effective Date.

/s/Xxx Xxxxxxx /s/ Xxxxx XxXxxx
President Secretary

Individual Single Premium Modified Guaranteed Deferred Annuity Contract
Nonparticipating

THIS CONTRACT CONTAINS A MARKET VALUE ADJUSTMENT FORMULA. APPLICATION OF A
MARKET VALUE ADJUSTMENT MAY RESULT IN EITHER AN INCREASE OR DECREASE IN THE
CURRENT VALUE. THE MARKET VALUE ADJUSTMENT FORMULA DOES NOT APPLY TO A
GUARANTEED PERIOD AT THE TIME OF ITS MATURITY.

I2-MGA-95



Specifications

-----------------------------------------------------------------------------
Guaranteed There is a guaranteed interest rate for the Purchase
Interest Rate Payment held in the AMG Account. (See Contract
Schedule I).

-----------------------------------------------------------------------------
Deduction from The Purchase Payment may be subject to a deduction for
Purchase premium taxes, if applicable. (See 3.01.)
Payment
-----------------------------------------------------------------------------

Surrender There may be a charge deducted upon surrender. (See
Fee Contract Schedule 1).

This Contract is a legal contract and constitutes the entire legal
relationship between Aetna and the Contract Holder.

READ THIS CONTRACT CAREFULLY. This Contract sets forth, in detail, all of the
rights and obligations of both you and Aetna. IT IS THEREFORE IMPORTANT THAT
YOU READ THIS CONTRACT CAREFULLY.

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I2-MGA-95



Contract Schedule I
Accumulation Period

AICA Modified Guaranteed Account (AMG Account)
-----------------------------------------------------------------------------

Minimum Guaranteed	[3.0%]
Interest Rate:
(effective annual rate of return)
Maintenance Fee:	The annual Maintenance Fee is [$0.] [If
	the Current Value is [$50,000] or more
	on the date the Maintenance Fee is to
	be deducted, the Maintenance Fee is
$0.]
Annuity Date:	The Annuity Date will be the later of
	the date the Annuitant reaches age [85]
	or the [10th] anniversary of the
	Purchase Payment.
Minimum Purchase	[$10,000.]
Payment:
Maximum Purchase	Purchase Payments exceeding
Payment:	[$1,000,000] must be approved by Aetna.
Minimum Guaranteed Period	[$1,000.]
Allocation Amount:
Maximum Age of	[90.] If there are joint Contract
Contract Holder at issue:	Holders, the age of the oldest Contract
	Holder cannot exceed [90.]
Surrender Fee:	Length of Time from Surrender Fee Contract Effective (Percentage of Date (Years) Net Purchase Payment Withdrawn)
			Less than 1 year	7%
			1 year but less than 2	7%
			2 years but less than 3	6%
	3 years but less than 4	6%
	4 years but less than 5	5%
	5 years but less than 6	4%
	6 years but less than 7	2%
	7 years or more	0%
	After seven years have elapsed from the
	contract effective date, the Surrender
	Fee will no longer be assessed.
Special Withdrawal:	The percentage may not be greater
	than [10%].
Systematic Withdrawal	The specified payment or specified
Option (SWO):	percentage may not be greater than [10%].

See 1. GENERAL DEFINITIONS for explanations.

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I2-MGA-95

Contract Schedule II
Annuity Period

Fixed Annuity ------------------------------------------------------------------------------

Minimum Guaranteed	[3.0%]
Interest Rate
(effective annual rate of
return):

See 1. GENERAL DEFINITIONS for explanations.

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I2-MGA-95

TABLE OF CONTENTS

Page

I. GENERAL DEFINITIONS

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

1.01	Accumulation Period	7
1.02	Adjusted Current Value	7
1.03	Annuitant	7
1.04	Annuity	7
1.05	Annuity Date	7
1.06	Beneficiary	7
1.07	Code	7
1.08	Contract	7
1.09	Contract Holder	7
1.10	Current Value	7
1.11	Deposit Period	7
1.12	Entire Contract	7
1.13	Fixed Annuity	7
1.14	General Account	8
1.15	Guaranteed Rates -- AMG Account	8
1.16	Guaranteed Period	8
1.17	Guaranteed Period Groups	8
1.18	Maintenance Fee	8
1.19	AICA Modified Guaranteed Account (AMG Account)	8
1.20	Market Value Adjustment (MVA)	9
1.21	Matured Period Value	9
1.22	Maturity Date	9
1.23	Net Purchase Payment	9
1.24	Nonunitized Separate Account	9
1.25	Purchase Payment	9
1.26	Reinvestment	9
1.27	Surrender Value	10
	5
I2-MGA-95

II. GENERAL PROVISIONS

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

2.01	Change of Contract	10
2.02	Nonparticipating Contract	10
2.03	Payments and Elections	10
2.04	State Laws	10
2.05	Control of Contract	10
2.06	Designation of Beneficiary	11
2.07	Misstatements and Adjustments	11
2.08	Incontestability	11

III. PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS

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

3.01 Net Purchase Payment 11

3.02	Market Value Adjustment	11
3.03	Notice to the Contract Holder	12
3.04	Loans	12
3.05	Systematic Withdrawal Option (SWO)	13
3.06	Death Benefit Amount	14
3.07	Death Benefit Options available to Beneficiary	15
3.08	Liquidation of Surrender Value	16
3.09	Surrender Fee	16
3.10	Payment of Surrender Value	16
3.11	Payment of Adjusted Current Value	17
IV.	ANNUITY PROVISIONS

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

4.01	Choices to be Made	17
4.02	Terms of Annuity Options	17
4.03	Death of Annuitant/ Beneficiary	18
4.04	Annuity Options	18

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I2-MGA-95

I.	GENERAL DEFINITIONS
------------------------------------------------------------------------

1.01	Accumulation Period:	The period during which the Net
		Purchase Payment is applied to the
		Contract to provide future Annuity
		payment(s).
1.02	Adjusted Current Value:	The Current Value of a Contract plus or
		minus any aggregate AMG Account MVA, if
		applicable. (see 1.20)
1.03	Annuitant:	The person named by the Contract Holder
		whose life is measured for purposes of
		the guaranteed death benefit and the
		duration of Annuity payments under this
		Contract. Subject to Aetna's approval,
		the Annuitant may be changed by the
		Contract Holder by notifying Aetna in
		writing prior to the Annuity Date of
		this Contract.
1.04	Annuity:	Payment of an income:
		(a)	For the life of one or two
			persons;
		(b)	For a stated period; or
		(c)	For some combination of (a)
			and (b).
1.05	Annuity Date:	The date on which Annuity payments
		begin under an Annuity option elected
		by the Contract Holder. (see 4.01). The
		Annuity Date is shown on Contract
		Schedule I. The Contract Holder may
		change this date by notifying Aetna at
		least 30 days prior to the Annuity
		Date.
1.06	Beneficiary:	The person(s) entitled to receive death
		benefits under the terms of this
		Contract.
1.07	Code:	The Internal Revenue Code of 1986, as
		it may be amended from time to time.
1.08	Contract:	This agreement between Aetna and the
		Contract Holder.

1.09	Contract Holder:
1.10	Current Value:
1.11	Deposit Period:

1.12	Entire Contract:
1.13	Fixed Annuity:

I2-MGA-95

1.14	General Account:
1.15	Guaranteed Rates -- AMG Account:

1.16 Guaranteed Period:

1.17      Guaranteed Period Groups:

7

The entity to which the Contract is
issued. Joint Contract Holders must be
spouses.

The Net Purchase Payment plus any
interest credited; less all Maintenance
Fees deducted, any amounts surrendered
and any amounts applied to an Annuity.

A calendar week, a calendar month, a
calendar quarter, or any other period
of time specified by Aetna during which
the Net Purchase Payment and
Reinvestments are accepted into the AMG
Account for one or more Guaranteed
Periods. Aetna reserves the right to
extend the Deposit Period.

The Contract, all attached pages and
any subsequent endorsements make up the
Entire Contract.

An Annuity with payments that do not
vary in amount based on investment
performance.

The account holding the assets of
Aetna, other than those assets held in
Aetna's separate accounts.

Aetna will declare the interest rate
applicable for each Guaranteed Period
at the start of the Deposit Period for
that applicable Guaranteed Period. The
rate(s) are guaranteed by Aetna for
that Deposit Period and the ensuing
Guaranteed Period(s). The Guaranteed
Rates are effective annual rates of
return. That is, interest is credited
daily at a rate that will produce the
Guaranteed Interest Rate over the
period of a year. No Guaranteed Rate
will ever be less than the Minimum
Guaranteed Interest Rate shown on
Contract Schedule I.

For Guaranteed Periods of one year or
less, one Guaranteed Rate is credited
for the full Guaranteed Period. For
longer Guaranteed Periods, an initial
Guaranteed Rate is credited from the
date of deposit to the end of a
specified period within the Guaranteed
Period. There may be different
Guaranteed Rate(s) declared at the
beginning of the Deposit Period for
subsequent specified time intervals
throughout the Guaranteed Period.

The period of time for which Guaranteed
Rates are guaranteed on the Net
Purchase Payment and Reinvestments made
during a current Deposit Period. Such
period begins on the day following the
close of the Deposit Period and ends on
the designated Maturity Date.
Guaranteed Periods are offered at
Aetna's discretion for various lengths
of time ranging up to and including
twenty years.

During a Deposit Period, Aetna may make
available any number of Guaranteed
Periods. The Contract Holder may
allocate the Net Purchase Payment or
Reinvestment into any or all of the
available Guaranteed Periods.

All Guaranteed Periods with the same
length of time from the close of the
Deposit Period until the designated

1.18	Maintenance Fee:
1.19	AICA Modified Guaranteed Account (AMG Account):

I2-MGA-95

1.20 Market Value Adjustment (MVA):

1.21	Matured Period Value:
1.22	Maturity Date:
1.23	Net Purchase Payment:

1.24 Nonunitized Separate Account:

1.25	Purchase Payment:
1.26	Reinvestment:

Maturity Date.

The Maintenance Fee, if any (see
Contract Schedule I), will be deducted
during the Accumulation Period on each
anniversary of the date the Contract is
established and upon surrender of the
entire Contract.

An accumulation option where Aetna
guarantees rate(s) of interest for
specified periods of time. All assets
of Aetna, including amounts in the
Nonunitized Separate Account, are
available to meet the guarantees under
the AMG Account.

8

An adjustment that may apply to the
amount withdrawn from a Guaranteed
Period prior to the end of that
Guaranteed Period. The adjustment
reflects the change in the value of the
investment due to changes in interest
rates since the date of deposit and is
computed using the formula given in
3.02. The adjustment is expressed as a
percentage or a factor of each dollar
being withdrawn.

The amount payable on Guaranteed
Period's Maturity Date.

The last day of a Guaranteed Period.

The Purchase Payment less premium
taxes, as applicable.

A separate account set up by Aetna
under Title 38, Section 38a-433, of the
Connecticut General Statutes, that
holds assets for AMG Account Guaranteed
Periods. There are no discrete units
for the AMG Account. The Contract
Holder does not participate in the
investment gain or loss from the assets
held in the Nonunitized Separate
Account. Such gain or loss is borne
entirely by Aetna. The assets held in
the AMG Account may be chargeable with
liabilities arising out of any other
business of Aetna.

Payment accepted by Aetna at its Home
Office. Aetna reserves the right to
refuse to accept any Purchase Payment
at any time for any reason.

Aetna will notify the Contract Holder
of the approaching Maturity Date at
least 18 calendar days prior to the end
of any Guaranteed Period. If no
specific direction is given by the
Contract Holder prior to the Maturity
Date, each Matured Period Value will be
reinvested on the Maturity Date for a
Guaranteed Period of the same duration.
If a Guaranteed Period of the same
duration is unavailable, each Matured
Period Value will automatically be
reinvested on the Maturity Date for the
next shortest Guaranteed Period
available. If no shorter Guaranteed
Period is available, the next longer
Guaranteed Period will be used. Aetna
will mail a confirmation statement to
the Contract Holder the next business
day after the Maturity Date.

At any time prior to the Maturity Date,
the Contract Holder may request in
writing a reinvestment of the Matured

			Period Value in a different Guaranteed
			Period(s) or a surrender of all or a
			part of the Matured Period Value
			without an MVA or Surrender Fee. Such
			request will be executed on the
			Maturity Date If reinvesting in a
			different Guaranteed Period(s), all or
			part of the Matured Period Value will
			be reinvested in the elected Guaranteed
			Period(s) at the then prevailing
			rate(s). This provision only applies to
			a written request from the Contract
			Holder received at Aetna's Home Office
			in good order at least five (5) days
			prior to the Maturity Date. 1.27
			Surrender Value: The amount payable by
			Aetna upon the surrender of all or any
			portion of the Contract.
9
I2-MGA-95
1.27	Surrender Value:		The amount payable by Aetna upon the
			surrender of all or any portion of the
			Contract.
II.	GENERAL PROVISIONS

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

2.01	Change of Contract:	Only an authorized officer of Aetna may
		change the terms of this Contract.
		Aetna reserves the right to modify this
		Contract to meet the requirements of
		applicable state and federal laws or
		regulations. Aetna will notify the
		Contract Holder in writing of any
		changes.
2.02	Nonparticipating Contract:	Contract Holders or Beneficiaries will
		not have a right to share in the
		earnings of Aetna.
2.03	Payments and Elections:	While the Contract Holder is living,
		Aetna will pay any Annuity payments as
		and when due. After the Contract
		Holder's death, or at the death of the
		first Contract Holder if the Contract
		is owned jointly, any Annuity payments
		will be paid in accordance with 4.03.
		Aetna will make any other payments
		within seven (7) calendar days of
		receipt of a written request for
		payment, which is in good order, at its
		Home Office, except as provided in
		3.10.
2.04	State Laws:	The Contract complies with the laws of
		the state in which it is delivered. Any
		surrender, death, or Annuity payments
		are equal to or greater than the
		minimum required by such laws. Annuity
		tables for legal reserve valuation
		shall be as required by state law. Such
		tables may be different from Annuity
		tables used to determine Annuity
		payments.
2.05	Control of Contract:	This is a Contract between the Contract
		Holder and Aetna. The Contract Holder
		has all rights, title and interest in
		amounts held in this Contract.
		Choices made under this Contract must
		be in writing. If the Contract is owned
		jointly, both Contract Holders must
		authorize any choices in writing. Until
		receipt of such choices at Aetna's Home
		Office, Aetna may rely on any previous
		choices made.
		The Contract is not subject to the
		claims of any creditors of the Contract
		Holder, except to the extent permitted
		by law. The Contract Holder may assign

or transfer his or her rights under the
Contract. Aetna reserves the right not
to accept assignment or transfer to a
nonnatural person. Any assignment or
transfer made must be submitted to
Aetna's Home Office in writing and will
not be effective until accepted by
Aetna. Aetna assumes no responsibility
for the validity of any assignment.

10

I2-MGA-95
2.06	Designation of Beneficiary:	The Contract Holder shall name his or
		her Beneficiary. The Beneficiary may be
		changed at any time. Changes to a
		Beneficiary must be submitted to
		Aetna's Home Office in writing and will
		not be effective until received and
		recorded by Aetna.
2.07	Misstatements and Adjustments:	If Aetna finds the age of any Annuitant
		to be misstated, the correct facts will
		be used to adjust payments.
2.08	Incontestability:	Aetna will not contest this Contract
		from its effective date.

III. PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS

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

3.01	Net Purchase Payment:	This amount is the actual Purchase
		Payment less any applicable premium
		tax. Aetna reserves the right to deduct
		any premium tax at any time from the
		Purchase Payment or from the Contract
		Holder's Current Value. The Contract
		Holder shall tell Aetna the allocation
		percentage of the Net Purchase Payment
		to be applied to each of the available
		Guaranteed Periods during the current
		Deposit Period(s). The minimum amount
		that may be allocated to any Guaranteed
		Period is shown on Contract Schedule l.
3.02	Market Value Adjustment:	There will be an MVA for any withdrawal
		before the end of a Guaranteed Period
		when the withdrawal is due to:
		(a)	Any full or partial surrender, but
			not for a partial withdrawal under
			the Systematic Withdrawal Option
			(see 3.05); or
		(b)	Payment made to a Beneficiary as a
			death benefit during the
			Accumulation Period, but not
			payment made within six months of
			the date of the Annuitant's death
			(see 3.06); or
		(c)	An election of an Annuity option.
			Only a positive MVA, if any, will
			apply upon election of option 2 or
			3 (see 4.04).
		Market value adjusted amounts will be
		equal to the amount withdrawn
		multiplied by the following ratio:

x
---
365

(1 + i)
----------------
x
---
365
(1 + j)

Where:

i is the Deposit Period Yield
j is the Current Yield

x is the number of days remaining,
(computed from Wednesday of the week
of withdrawal) in the Guaranteed
Period.

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I2-MGA-95
3.02	Market Value Adjustment:	The Deposit Period Yield will be
	(Cont'd)	determined as follows:
		(a)	At the close of the last business
			day of each week of the Deposit
			Period, a yield will be computed
			as the average of the yields on
			that day of U.S. Treasury Notes
			which mature in the last three
			months of the Guaranteed Period.
		(b)	The Deposit Period Yield is the
			average of those yields for the
			Deposit Period. If withdrawal is
			made before the close of the
			Deposit Period, it is the average
			of those yields on each week
			preceding withdrawal.
		The Current Yield is the average of the
		yields on the last business day of the
		week preceding withdrawal on the same
		U.S. Treasury Notes included in the
		Deposit Period Yield.
		In the event that no U.S. Treasury
		Notes which mature in the last three
		months of the Guaranteed Period exist,
		Aetna reserves the right to use the
		U.S. Treasury Notes that mature in the
		following quarter.
3.03	Notice to the Contract	The Contract Holder will receive
	Holder:	statements at least annually from Aetna
		showing the value of any amounts held
		in the AMG Account.
		Such values will be as of a specific
		date no more than 60 days before the
		date of the notice.
3.04	Loans:	Loans are not available under this
		Contract.
12
I2-MGA-95
3.05	Systematic Withdrawal Option	The Contract Holder may elect a
	(SWO):	distribution option under which a
		portion of the Current Value will
		automatically be surrendered and
		distributed each year. SWO payments
		will be calculated based on the
		Contract's full Current Value. The
		distributed amount is withdrawn pro
		rata from each Guaranteed Period(s). A
		Surrender Fee will not be deducted from
		any portion of the Current Value which
		is paid as a distribution under SWO.
		Contract Holders should consult their
		tax adviser prior to requesting this
		distribution option.
		(a)	Amount of Distribution: The
			Contract Holder may elect one of
			the three payment methods
			described below.
			(1) Specified Payment: Payments
			of a designated dollar
			amount. The annual amount may
			not be greater than the
			percentage shown on Contract
			Schedule I times the Current

			Value at time of election.
			This annual dollar amount
			will remain constant. At its
			discretion, Aetna may require
			a minimum initial payment
			amount;
		(2)	Specified Period: Payments
			which are made over a period
			of time which must be at
			least 10 years. The annual
			amount paid each year is
			calculated by dividing the
			Current Value as of December
			31 of the prior year by the
			number of payment years
			remaining; or
		(3)	Specified Percentage:
			Paymentof a designated
			percentage which cannot be
			greater than the percentage
			shown on Contract Schedule I.
			The percentage may be changed
			by written request. Aetna
			reserves the right to limit
			the number of times the
			percentage may be changed.
			The annual amount is
			calculated by multiplying the
			Current Value as of
			December 31 of the year prior
			to the payment by the
			designated percentage.
		Payments upon the Contract
		Holder's or Annuitant's death will
		be made to the Beneficiary in the
		manner described in 3.07.
	(b)	Minimum Initial Current Value: At
		its discretion, Aetna may require
		a minimum initial Current Value
		for election of this option. If
		after election of this option the
		Current Value is insufficient to
		make a scheduled SWO payment,
		Aetna will distribute the entire
		balance.
13
I2-MGA-95
3.05 Systematic Withdrawal Option	(c)	Date of Distribution: The Contract
(SWO): (Cont'd)		Holder shall specify the initial
		distribution date. As elected by
		the Contract Holder, SWO payments
		will be made on a monthly or
		quarterly basis unless Aetna
		allows otherwise. If SWO payments
		are made more frequently than
		annually, the designated annual
		amount is divided by the number of
		payments due each calendar year.
		Subsequent distributions will be
		made on the 15th of any month or
		such other date as Aetna may
		designate or allow.
	(d)	Election and Revocation: SWO may
		be elected by submitting a
		completed and signed election form
		to Aetna's Home Office. Aetna
		reserves the right to establish
		the date when SWO may first be
		elected by a Contract Holder. Once
		elected, this option may be
		revoked by the Contract Holder or
		spousal Beneficiary, if elected
		after the Contract Holder's death,
		by submitting a written request to
		Aetna at its Home Office. Any
		revocation will apply only to
		amounts not yet paid. SWO may be
		elected only once by the Contract

	Holder or by the spousal
	Beneficiary.
3.06 Death Benefit Amount:	If the Contract Holder or Annuitant
	dies before Annuity payments start, the
	Beneficiary is entitled to a death
	benefit under the Contract. If the
	Contract is owned jointly, the death
	benefit is paid at the first death of
	either of the joint Contract Holders.
	If the Contract is held by joint
	Contract Holders, the survivor will be
	deemed the designated Beneficiary and
	any other Beneficiary on record will be
	treated as the contingent Beneficiary.
	If the Contract Holder is a nonnatural
	person, the death benefit will be
	payable at the death of the Annuitant.
	If paid within 6 months of the date of
	the Annuitant's death, the death
	benefit will be the Current Value of
	the Contract. Otherwise, the death
	benefit will be the Adjusted Current
	Value determined as of the claim date.
	The claim date is the date when proof
	of death and the Beneficiary's claim
	are received in good order at Aetna's
	Home Office.
	When the Contract Holder dies and the
	Contract Holder is not the Annuitant,
	the death benefit payable will be
	subject to a Surrender Fee, if
	applicable.
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I2-MGA-95
3.07 Death Benefit Options	Prior to any election, or until amounts
available to Beneficiary:	must be otherwise distributed under
	this section, the Current Value will be
	retained in the Contract. The following
	options are available to the
	Beneficiary:
	(a) When the Contract Holder dies or
	if the Contract Holder is not a
	natural person, when the Annuitant
	dies:
	(1)	If the Beneficiary is the
		Contract Holder's surviving
		spouse, the Beneficiary may
		exercise all Contract Holder
		rights under the Contract and
		continue in the Accumulation
		Period, or may elect (i) or
		(ii) below. Distributions
		from the Contract are not
		required until the spousal
		Beneficiary's death. The
		spousal Beneficiary may elect
		to:
		(i) Apply some or all of the
		death benefit amount to
		an Annuity option 1, 2
		or 3 (see 4.04); or
		(ii) Receive, at any time, a
		lump sum payment equal
		to the death benefit
		amount.
	(2)	If the Beneficiary is an
		individual who is not the
		Contract Holder's surviving
		spouse, then options (i) or
		(ii) under (1) above apply.
		Any portion of the death
		benefit amount not applied to
		Annuity option 1, 2 or 3
		within one year of the
		Contract Holder's death, must
		be distributed within five

				years of the date of death.
			(3)	If the Beneficiary is not a
				natural person, then only
				option (ii) under (1) above
				applies.
			(4)	If no Beneficiary has been
				designated, a lump sum
				payment equal to the death
				benefit amount will be made
				to the Contract Holder's
				estate.
		(b)	If the Contract Holder is a
			natural person but is not the
			Annuitant, and the Annuitant dies,
			the Beneficiary may elect either
			to apply the death benefit amount
			to Annuity option 1, 2 or 3 within
			60 days of the Annuitant's date of
			death, or to receive a lump sum
			payment.
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3.08	Liquidation of Surrender	All or any portion of the Contract's
	Value:	Current Value may be surrendered at any
		time prior to the Annuity Date.
		Surrender requests can be submitted as
		a percentage of the Contract value or
		as a specific dollar amount. Net
		Purchase Payment amounts are withdrawn
		first, and then the excess value, if
		any. For any partial surrender, amounts
		are withdrawn on a pro rata basis from
		the Guaranteed Period(s) Groups of the
		AMG Account in which the Current Value
		is invested. Within a Guaranteed Period
		Group, the amount to be surrendered
		will be withdrawn first from the oldest
		Deposit Period, then from the next
		oldest, and so on until the amount
		requested is satisfied.
		After deduction of the Maintenance Fee
		and any Premium Tax, if applicable, the
		surrendered amount shall be reduced by
		a Surrender Fee, if applicable. An MVA
		may apply to amounts surrendered.
3.09	Surrender Fee:	The Surrender Fee only applies to the
		Net Purchase Payment portion
		surrendered and varies according to the
		elapsed time from the Contract
		effective date (see Contract Schedule
		I).
		No Surrender Fee is deducted from any
		portion of the Current Value which is
		paid:
		(a)	To a Beneficiary due to the
			Annuitant's death before Annuity
			payments start (see 3.06);
		(b)	As a premium for an Annuity option
			1, 2 or 3 under this Contract (see
			4.04);
		(c)	As a distribution under the SWO
			provision (see 3.05);
		(d)	At least 12 months after the date
			of the Purchase Payment, in an
			amount equal to or less than the
			special withdrawal percentage
			shown on Contract Schedule l times
			the current value at the time of
			the withdrawal. This applies to
			the first surrender request,
			partial or full, in a calendar
			year. The Current Value is
			calculated as of the date the
			surrender request is received in

			good order at Aetna's Home Office.
			This waiver is not available to
			the Contract Holder while SWO is
			in effect;
		(e)	For a full surrender of the
			Contract where the Current Value
			is $2,500 or less and no
			surrenders have been taken from
			the Contract within the prior 12
			months; or
		(f)	Upon withdrawal of any Matured
			Period Value; or
		(g)	By Aetna under 3.11.
3.10	Payment of Surrender Value:	Under certain emergency conditions, as
		allowed by law, Aetna may defer payment
		for a period of up to 6 months.
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3.11	Payment of Adjusted Current	Upon 90 days' written notice to the
	Value:	Contract Holder, Aetna will terminate
		any Contract if the Current Value
		becomes less than $2,500 immediately
		following any partial surrender. A
		Surrender Fee will not be deducted from
		the Adjusted Current Value.
IV.	ANNUITY PROVISIONS
------------------------------------------------------------------------
4.01	Choices to be Made:	The Contract Holder may tell Aetna to
		apply any portion of the Adjusted
		Current Value (minus any premium tax)
		for an Annuity under option 1, 2 or 3
		(see 4.04). The first Annuity payment
		may not be earlier than twelve months
		after the Purchase Payment At least 30
		days prior to the Annuity Date, the
		Contract Holder must tell Aetna which
		Annuity option is elected. Annuity
		payments will be made monthly, unless
		the Contract Holder elects otherwise in
		writing. In lieu of the election of an
		Annuity, the Contract Holder may elect
		a lump sum payment.
		The Annuity purchase rate for the
		option chosen reflects the Minimum
		Guaranteed Interest Rate (see Contract
		Schedule II), but may reflect a higher
		interest rate.
4.02	Terms of Annuity Options:	(a)	When payments start, the age of
			the Annuitant plus the number of
			years for which payments are
			guaranteed must not exceed 95.
		(b)	An Annuity option may not be
			elected if the first payment would
			be less than $50 or if the total
			payments in a year would be less
			than $250 (less if required by
			state law). Aetna reserves the
			right to increase the minimum
			first Annuity payment amount and
			the annual minimum Annuity payment
			amount based upon increases
			reflected in the Consumer Price
			Index-Urban, (CPI-U) since July 1,
			1993.
		(c)	If an Annuity under option 1, 2 or
			3 is chosen and a larger payment
			would result from applying the
			Surrender Value to a current Aetna
			single premium immediate Annuity,
			Aetna will make the larger
			payment.
		(d)	For purposes of calculating the

		guaranteed first payment of an
		Annuity, the Annuitant's and
		second Annuitant's adjusted age
		will be used. The Annuitant's and
		second Annuitant's adjusted age is
		his or her age as of the birthday
		closest to the Annuity
		commencement date reduced by one
		year for Annuity commencement
		dates occurring during the period
		of time through December 31, 1999.
		4.02 Terms of Annuity Options
		(Cont'd) The Annuitant's and
		second Annuitant's age will be
		reduced by two years for Annuity
		commencement dates occurring
		during the period of time from
		January 1, 2000 through
		December 31, 2009. The Annuitant's
		and second Annuitant's age will be
		reduced by one additional year for
		Annuity commencement dates
		occurring in each succeeding
		decade. The Annuity purchase rates
		for options 2 and 3 are based on
		mortality from 1983 Table a.
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4.02	Terms of Annuity Options:	(e) Once elected, an Annuity option
	(Cont'd)	may not be revoked and Annuity
		payments cannot be commuted to a
		lump sum.
4.03	Death of Annuitant/	If the Annuitant dies after Annuity
	Beneficiary:	payments have begun, the death benefit,
		if any, will be payable to the
		Beneficiary as specified in the Annuity
		option elected. Death benefits will be
		paid at least as rapidly as under the
		method of distribution in effect at the
		or Annuitant's death.
		If the Contract Holder who is not the
		Annuitant dies after Annuity payments
		have begun, any remaining payments
		under the Annuity option elected will
		be made to the Beneficiary at least as
		rapidly as under the method of
		distribution in effect at the Contract
		Holder's death.
		If the Contract is held by joint
		Contract Holders, the survivor will be
		deemed the designated Beneficiary and
		any other Beneficiary on record will be
		treated as the contingent Beneficiary.
		Aetna will require proof of death.
4.04	Annuity Options:	Option 1 -- Payments for a Stated
		Period of Time -- An Annuity will be
		paid for the number of years chosen.
		The number of years must be at least 10
		and not more than 30.
		If a nonspouse Beneficiary elects this
		option at the death of the Contract
		Holder, the period selected may not
		extend beyond the Beneficiary's life
		expectancy.
		Option 2 -- Life Income -- An Annuity
		will be paid for the life of the
		Annuitant, if also chosen, Aetna will
		guarantee payments for 60, 120, 180, or
		240 months.
		Option 3 -- Life Income Based upon the
		Lives of Two Annuitants -- An Annuity
		will be paid during the lives of the
		Annuitant and a second Annuitant.
		Payments will continue until both
		Annuitants have died. When this option
		is chosen, one of the following choices

must be made:

(a)	100% of the payment to continue after the first death;
(b)	66 2/3% of the payment to continue after the first death;

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4.04 Annuity Options:	(c)	50% of the payment to continue
(Cont'd)		after the first death;
	(d)	Payments for a minimum of 120
		months with 100% of the payment to
		continue after the first death; or
	(e)	100% of the payment to continue at
		the death of the second Annuitant
		and 50% of the payment to continue
		at the death of the Annuitant.
	Other Options -- Aetna may make other
	options available as allowed by the
	laws of the state in which the Contract
	is delivered.
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OPTION 1

Payments for a Stated Period of Time

Amount of First Monthly Payment for Each $1,000 After Deduction of any Charge for Premium Taxes

Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%

<CAPTION>
	Guaranteed	Monthly	Quarterly	Semi-Annual	Annual
Years	Rate	Payment	Payment	Payment	Payment
5	3.00%	17.91	53.59	106.78	211.99
6	3.00%	15.14	45.30	90.27	179.22
7	3.00%	13.16	39.39	78.49	155.83
8	3.00%	11.68	34.96	69.66	138.31
9	3.00%	10.53	31.52	62.81	124.69
10	3.00%	9.61	28.77	57.33	113.82
11	3.00%	8.86	26.52	52.85	104.93
12	3.00%	8.24	24.65	49.13	97.54
13	3.00%	7.71	23.08	45.98	91.29
14	3.00%	7.26	21.73	43.29	85.95
15	3.00%	6.87	20.56	40.96	81.33
16	3.00%	6.53	19.54	38.93	77.29
17	3.00%	6.23	18.64	37.14	73.74
18	3.00%	5.96	17.84	35.56	70.59
19	3.00%	5.73	17.13	34.14	67.78
20	3.00%	5.51	16.50	32.87	65.26
21	3.00%	5.32	15.92	31.72	62.98
22	3.00%	5.15	15.40	30.68	60.92
23	3.00%	4.99	14.92	29.74	59.04
24	3.00%	4.84	14.49	28.88	57.33
25	3.00%	4.71	14.09	28.08	55.76
26	3.00%	4.59	13.73	27.36	54.31
27	3.00%	4.47	13.39	26.68	52.97
28	3.00%	4.37	13.08	26.06	51.74
29	3.00%	4.27	12.79	25.49	50.60
30	3.00%	4.18	12.52	24.95	49.53
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OPTION 2
Life Income
Amount of First Monthly Payment for Each $1,000

After Deduction of any Charge for Premium Taxes
Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%

Payments Guaranteed for a Stated Period of Months

Adjusted Age
of	None	60	120	180	240
Annuitant
50	$4.05	$4.05	$4.03	$3.99	$3.93
51	4.12	4.11	4.09	4.05	3.99
52	4.19	4.19	4.16	4.11	4.04
53	4.27	4.26	4.23	4.18	4.10
54	4.35	4.34	4.31	4.25	4.16
55	4.44	4.42	4.39	4.32	4.22
56	4.53	4.51	4.47	4.40	4.29
57	4.62	4.61	4.56	4.48	4.35
58	4.72	4.71	4.65	4.56	4.42
59	4.83	4.81	4.75	4.64	4.49
60	4.95	4.93	4.86	4.73	4.55
61	5.07	5.05	4.97	4.83	4.62
62	5.20	5.17	5.08	4.92	4.69
63	5.34	5.31	5.20	5.02	4.76
64	5.49	5.45	5.33	5.12	4.83
65	5.65	5.61	5.47	5.22	4.89
66	5.82	5.77	5.61	5.33	4.96
67	6.01	5.94	5.75	5.44	5.02
68	6.20	6.13	5.91	5.54	5.08
69	6.41	6.33	6.07	5.65	5.14
70	6.64	6.54	6.23	5.76	5.19
71	6.88	6.76	6.41	5.86	5.24
72	7.14	7.00	6.59	5.97	5.28
73	7.43	7.26	6.77	6.06	5.32
74	7.73	7.53	6.96	6.16	5.35
75	8.06	7.82	7.14	6.25	5.38
</TABLE>

Rates are based on mortality from 1983 Table a. The rates do not differ by sex. Rates for ages not shown will be provided on request and will be computed on a basis consistent with the rates in the above tables.

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OPTION 3

Life Income for Two Payees

Amount of First Monthly Payment for Each $1,000 After Deduction of any Charge for Premium Taxes

Rates for a Fixed Annuity with Guaranteed Interest Rate of 3.0%

Adjusted Ages
Annuitant	Second Annuitant	Option 3a	Option 3b	Option 3c	Option 3d	Option 3e
---------	----------------	---------	---------	---------	---------	---------
<S>	<C>	<C>	<C>	<C>	<C>	<C>
55	50	$3.69	$4.05	$4.27	$3.69	$4.03
55	55	3.88	4.25	4.47	3.87	4.14
55	60	3.99	4.44	4.71	3.98	4.42
60	55	3.99	4.44	4.71	3.98	4.42
60	60	4.24	4.71	4.99	4.23	4.57
60	65	4.38	4.97	5.32	4.38	4.93
65	60	4.38	4.97	5.32	4.38	4.93
65	65	4.72	5.33	5.70	4.71	5.14
65	70	4.93	5.68	6.15	4.91	5.66
70	65	4.93	5.68	6.15	4.91	5.66
70	70	5.40	6.21	6.70	5.36	5.96
70	75	5.69	6.68	7.32	5.62	6.67

75	70	5.69	6.68	7.32	5.62	6.67
75	75	6.37	7.45	8.15	6.23	7.12
75	80	6.78	8.11	8.99	6.54	8.13
---------	----------------	---------	---------	---------	---------	---------

Rates are based on mortality from 1983 Table a. The rates do not differ by sex. Rates for ages not shown will be provided on request and will be computed on a basis consistent with the rates in the above tables.

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[AETNA LOGO]

Aetna Insurance Company of America
Home Office: 000 Xxxxxxxxxx Xxxxxx
Xxxxxxxx, Xxxxxxxxxxx 00000
(000) 000-0000

Individual Single Premium Modified Guaranteed Deferred Annuity Contract Nonparticipating

THIS CONTRACT CONTAINS A MARKET VALUE ADJUSTMENT FORMULA. APPLICATION OF A MARKET VALUE ADJUSTMENT MAY RESULT IN EITHER AN INCREASE OR DECREASE IN THE CURRENT VALUE. THE MARKET VALUE ADJUSTMENT FORMULA DOES NOT APPLY TO A GUARANTEED PERIOD AT THE TIME OF ITS MATURITY.

G2-MGA-95