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AMERICAN GENERAL SERIES PORTFOLIO COMPANY
ASSET ALLOCATION FUND
AND THE
SOCIAL AWARENESS FUND
SUPPLEMENT ISSUED SEPTEMBER 1, 1998
TO PROSPECTUS DATED OCTOBER 1, 1997
Effective immediately, John W. Mossbarger has retired as Portfolio Manager
of the Social Awareness Fund and Norman Jaskol has retired as Portfolio Manager
of the Asset Allocation Fund. William Trimbur, Jr. has assumed responsibility
for the portfolio management of the Social Awareness Fund. Leon A. Olver has
assumed responsibility for the portfolio management of the Asset Allocation
Fund.
Mr. Trimbur has served as Vice President and Investment Officer for the
American General Series Portfolio Company since 1987. Mr. Trimbur is also the
Portfolio Manager for the International Equities Fund and the International
Government Bond Fund. Mr. Olver, Vice President and Investment Officer for
American General Series Portfolio Company, also serves as Portfolio Manager for
the Capital Conservation Fund and Government Securities Fund. Mr. Olver has been
with VALIC since June 1995 and was with First Heights Bank as manager of
research and analysis from May 1991 to June 1995.
VA9017-G (Rev. 9/98)
