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AMERICAN GENERAL SERIES PORTFOLIO COMPANY PROSPECTUS
SUPPLEMENT ISSUED NOVEMBER 15, 1996
TO PROSPECTUS DATED OCTOBER 1, 1996
TIMED OPPORTUNITY FUND AND STOCK INDEX FUND EXPENSES FOR PARTICIPANTS IN THE
AMERICAN GENERAL AGENTS' AND MANAGERS' THRIFT PLAN.
Participants in the American General Agents' and Managers' Thrift Plan have
available two mutual fund investment options that invest in the Timed
Opportunity Fund and the Stock Index Fund, respectively (the "Funds"). The Fund
Expense Table below reflects the various fund expenses which would be incurred
by a participant who chose either or both of these investment options.
FUND EXPENSE TABLE
<TABLE>
<CAPTION>
TIMED OPPORTUNITY STOCK INDEX
FUND FUND
----- -----
<S> <C> <C>
Shareholder transaction fees................................................ None None
Annual operating expenses (as a percentage of net assets):
Management fee(1)......................................................... 0.50% 0.28%
Other expenses............................................................ 0.07% 0.07%
---- ----
Total fund operating expenses...................................... 0.57% 0.35%
==== ====
</TABLE>
(1) Annual management fees for the Stock Index Fund are based on the Fund's
average net assets of approximately $1,498 million at an annual rate of
.35% of the first $500 million and .25% on the excess over $500
million. Annual management fees for the Timed Opportunity Fund are
based on a flat rate of .50%.
EXAMPLE
<TABLE>
<CAPTION>
1 YEAR 3 YEARS 5 YEARS 10 YEARS
<S> <C> <C> <C> <C>
------ ------- ------- --------
You would pay the following expenses on a $1,000 investment
assuming a 5% annual return and redemption at the end of
each period:
Timed Opportunity Fund................................... $6 $18 $32 $ 72
== === === ===
Stock Index Fund......................................... $4 $11 $20 $ 45
== === === ===
</TABLE>
Note: This example should not be considered a representation of past or
future expenses of the Funds. Similarly, the 5% annual rate of return
assumed in the example is not an estimate or guarantee of future investment
performance. The purpose of the expense table above is to assist
participants in understanding the various expenses of the Funds.
For more information about the Timed Opportunity Fund and Stock Index Fund,
their investment objectives, investment programs, investment restrictions
and expenses, please refer to the American General Series Portfolio Company
Prospectus dated October 1, 1996.
VA9017-C (Rev. 10/96)
