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THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
SEPARATE ACCOUNT A
PORTFOLIO DIRECTOR
PORTFOLIO DIRECTOR 2
PORTFOLIO DIRECTOR PLUS
Supplement issued September 22, 2000
To the Prospectus dated May 1, 2000
This supplement replaces all previous prospectus supplements.
The Variable Annuity Life Insurance Company (the "Company") has filed an application with the Securities and Exchange Commission ("SEC") requesting an order to allow the Company to remove certain Variable Investment Options and substitute new options as shown below. The Company believes that the proposed substitutions are in the best interest of contract holders. In each case, the Substitute Series will have substantially the same investment objective, practices and restrictions as the Replaced Series. The Company will bear all expenses related to the substitutions, and they will have no tax consequences for you.
The proposed substitutions and respective advisers and/or sub-advisers are:
Replaced Series and Current Adviser or Sub-Adviser |
Substitute Series and Sub-Advisers |
Dreyfus Variable Investment Fund - Small Cap Portfolio (The Dreyfus Corporation) AND T. Rowe Price Small- Cap Stock Fund, Inc. (T. Rowe Price Associates, Inc.) |
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North American - Founders/T. Rowe Price Small Cap Fund (T. Rowe Price Associates, Inc. and Founders Asset Management LLC) |
Scudder Growth and Income Fund (Scudder Kemper Investments, Inc.) AND Neuberger Berman Guardian Trust (Neuberger Berman, LLC) |
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North American - American Century Income & Growth Fund (American Century Investment Management, Inc.) |
Dreyfus Founders Growth Fund (Founders Asset Management LLC) |
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North American - Founders Large Cap Growth Fund (Founders Asset Management LLC) |
Templeton International Securities Fund - Class 1 (Templeton Investment Counsel, Inc.) |
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North American - American Century International Growth Fund (American Century Investment Management, Inc.) |
American General Series Portfolio Company 3 ("AGSPC 3") American General Domestic Bond Fund (Capital Guardian Trust Company) |
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AGSPC 3 American General Core Bond Fund (American General Investment Management, L.P.) |
AGSPC 3 American General International Value Fund (Capital Guardian Trust Company) |
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AGSPC 3 American General International Growth Fund (Thompson, Siegel & Walmsley, Inc.) |
AGSPC 3 American General Balanced Fund (Capital Guardian Trust Company) |
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AGSPC 3 American General Moderate Growth Lifestyle Fund |
Please note that:
The Company expects to complete the substitutions after the approval of the SEC. Approval of some portions of the substitutions may also be required from certain state insurance authorities. Following the substitutions, we will send you a prospectus for AGSPC and a prospectus supplement for AGSPC 3, as well as notice of the actual date of the substitutions and confirmation of transfers.
Please contact us at 1-800-448-2542 (selection 1) if you have any questions.
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