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AMERICAN GENERAL SERIES PORTFOLIO COMPANY 3 SUPPLEMENT DATED MARCH 10, 2000 TO PROSPECTUS DATED JANUARY 3, 2000 (as revised January 19, 2000) Page 34: Replace the second paragraph under J.P. Morgan Investment Management, Inc. with the following : Investment decisions are made by a team that consists of portfolio managers and analysts. The team meets regularly to review portfolio holdings and to discuss purchase and sale activity. VA 10832-B
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