TO VALIC GROUP CONTRACT OWNERS:
It is time for your VALIC Participants to vote on important
issues that affect the Putnam New Opportunities Fund. VALIC
Participants will be receiving and sending in voting instruction
forms, but you must sign and return the enclosed Voting
Instruction Form for their votes to be counted. This form
directs the VALIC Separate Account to cast all of the votes under
your VALIC group contract in accordance with the votes we receive
from your Participants. If you do not return the enclosed Voting
Instruction Form, we will not be permitted to count any of your
Participants' votes.
Please read the enclosed proxy statement carefully. It discusses
the proposals in detail. While you are welcome to attend the
meeting, most contract owners provide voting instructions by
completing and returning the enclosed card. Please take a moment
now to sign and return the voting instruction card in the
enclosed postage-paid envelope.
