Fund Performance

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Portfolio Director^® Fixed and Variable Annuity: Fund Performance

Performance as of 01/31/2010 .

Please note: Pages 1 & 2 performance is quarterly and reflects the deduction of account maintenance fees and surrender charges; Pages 3 & 4 performance is monthly and assumes no account maintenance fees or surrender charges.

Most Recent Month-End Performance .

Investment performance applies to Portfolio Director Fixed and Variable Annuity Series 1.0 and 9.0 contract. Charges and fees may differ by series. Your contract-specific investment performance may be found by logging on to VALIC Online.

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This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this manner are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.