<PAGE> 1
PORTFOLIO DIRECTOR
SEPARATE ACCOUNT A
SUPPLEMENT DATED FEBRUARY 22, 1999
TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED MAY 1, 1998
1. Effective February 22, 1999, VALIC re-assumed direct management of the AGSPC
Growth & Income Fund. Value Line, Inc. has been terminated as Sub-adviser of
that Fund.
2. The section of the Fee Table on page 5 that reflects Separate Account
Expenses is amended to include the following information for the AGSPC Social
Awareness Fund:
FEE TABLE
SEPARATE ACCOUNT EXPENSES
(as a percentage of Separate Account net assets):
<TABLE>
<CAPTION>
MORTALITY ADMINISTRATION SEPARATE ACCOUNT
AND EXPENSE AND EXPENSE TOTAL SEPARATE
FUND RISK FEE(3) DISTRIBUTION FEE(3) REIMBURSEMENT ACCOUNT FEE
---- ----------- ------------------- ---------------- --------------
<S> <C> <C> <C> <C>
AGSPC Social Awareness........... 0.25% 0.75% -- 1.00%
</TABLE>
- ---------------
(3) Reductions in the mortality and expense risk fee or administration and
distribution fee may be available for plan types meeting certain criteria.
See "Reduction or Waiver of Account Maintenance Fee, Surrender, Mortality
and Expense Risk Fee or Administration and Distribution Fee Charges" in this
prospectus.
3. The section of the Fee Table on page 5 that reflects Fund Annual Expenses is
amended to include the following information for the Dreyfus Small Cap Fund:
FEE TABLE
FUND ANNUAL EXPENSES
(as a percentage of Fund net assets):
<TABLE>
<CAPTION>
MANAGEMENT 12B-1 OTHER TOTAL FUND
FUND FEES(5) FEES EXPENSES(6) EXPENSES
---- ---------- ------ ----------- ----------
<S> <C> <C> <C> <C>
Dreyfus Small Cap........................ 0.75% -- 0.03% 0.78%
</TABLE>
VA9084-D
<PAGE> 2
PORTFOLIO DIRECTOR PLUS
SEPARATE ACCOUNT A
SUPPLEMENT DATED FEBRUARY 22, 1999 TO
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 4, 1999
Effective February 22, 1999, VALIC re-assumed direct management of the
AGSPC Growth & Income Fund. Value Line, Inc. has been terminated as Sub-adviser
of that Fund.
VA 10855-A
