American General Series Portfolio Company 2
Supplement dated March 7, 2000
To the Prospectus dated March 1, 2000
American General Corporation has signed
a purchase agreement and expects to acquire
the assets of CypressTree Investments, Inc.,
including its investment advisor,
CypressTree Asset Management Corporation,
Inc. and CypressTree Funds Distributors,
Inc., its mutual fund distributor.
CypressTree Asset Management Corporation,
Inc. is the investment advisor to the North
American Funds, headquartered in Boston,
Massachusetts.
The Board of Trustees of American
General Series Portfolio Company 2
("American General Funds") has unanimously
approved the merger of the American General
Funds into the North American Funds and will
recommend the merger to the shareholders. In
late Spring 2000, proxy materials will be
mailed to the shareholders of the American
General Funds. The shareholder meetings are
expected to be held in late June; and if
approved by the shareholders, the merger of
the fund groups would become effective in
July. In the interim, the management and
operations of the American General Funds
will remain unchanged.
This supplement supersedes all previous
supplements.
