Fund Performance

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Money Market Funds Q&A .

Portfolio Director^® Fixed and Variable Annuity: Fund Performance

Performance as of 07/31/2010 .

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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Prospectuses & Reports | Terms of Use | Privacy | Business Continuity Last Updated Date August 06, 2010

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Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.

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 material 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.