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AMERICAN GENERAL SERIES PORTFOLIO COMPANY
SUPPLEMENT ISSUED NOVEMBER 24 1998
TO PROSPECTUS DATED OCTOBER 1, 1998
For the Money Market Fund only:
The Board of Directors recently approved an amendment to the Money Market Fund's
non-fundamental investment restriction relating to maturity standards of
investments to include securities subject to demand features. The section in the
Prospectus entitled "Types of Investments" is supplemented as follows:
VARIABLE RATE DEMAND NOTES
Variable rate demand notes ("VRDNs") are either taxable or tax-exempt
obligations containing a floating or variable interest rate adjustment formula,
together with an unconditional right to demand payment of the unpaid principal
balance plus accrued interest upon a short notice period, generally not to
exceed seven days. The Money Market Fund may invest in participation VRDNs,
which provides the Fund with an undivided interest in underlying VRDNs held by
major investment banking institutions. Any purchase of VRDNs will meet
applicable diversification and concentration requirements, and the conditions
established by the SEC under which such securities may be considered to have
remaining maturities of 397 days or less.
