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AMERICAN GENERAL SERIES PORTFOLIO COMPANY 2
SUPPLEMENT DATED AUGUST 9, 1999
TO STATEMENT OF ADDITIONAL INFORMATION DATED
NOVEMBER 2, 1998 (AS SUPPLEMENTED THROUGH APRIL 20, 1999)
The American General Stock Index Fund, the American General Mid Cap Index
Fund, the American General Small Cap Index Fund, the American General
International Growth Fund, the American General Large Cap Growth Fund, the
American General Mid Cap Growth Fund, the American General Small Cap Growth
Fund, the American General International Value Fund, the American General Large
Cap Value Fund, the American General Mid Cap Value Fund, the American General
Small Cap Value Fund, the Socially Responsible Fund and the American General
Balanced Fund are permitted to invest in Standard and Poor's Depositary Receipts
as described herein under "Investment Practices."
The Distributor may make payments to authorized dealers of record for
purchases of $1 million or more of Class A Shares as follows: 0.50% on sales of
$1 million to $2 million, plus 0.40% on the next $1 million and 0.25% on the
excess over $3 million. As always, such purchases of $1 million or more of Class
A shares will be subject to a contingent deferred sales charge of 1.00% on
redemptions within one year of purchase and 0.50% on redemptions within the
second year of purchase.
VA 10856-1B
