Frequently Asked Questions, a Fund Lineup and a “Mapping ......The new mutual fund platform offers you potentially lower fees, an enhanced lineup of investments and additional asset

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April 12th, 2017

Dear University of Houston System 403(b) Participant, The University of Houston System Retirement Committee is pleased to announce an enhancement to the Tax Sheltered Annuity (TSA) 403(b) plan and Optional Retirement Plan (ORP). Effective April 25, 2017, the Tax Sheltered Annuity and Optional Retirement Plan will transition to a mutual fund investment platform. Your current assets will remain invested in the annuity investment program, but all future contributions will be directed to the new mutual fund investment platform. The decision to provide this enhancement was determined after an extensive review by the University of Houston System Retirement Committee concerning our current annuity platform and investment options. After assessing multiple factors, including but not limited to, fees, expenses, platform flexibility and performance orientation, the Committee recommended we change our investment elections to mutual funds. The new mutual fund platform offers you potentially lower fees, an enhanced lineup of investments and additional asset categories. Enclosed you will find a list of "Frequently Asked Questions," a "Fund Lineup" and a “Mapping Schedule” to help you better understand the change and impact to your retirement plan. Some of the benefits of the new mutual fund platform include, but are not limited to, the following:

Array of investment options from well-known mutual fund companies

Reduction in the investment option expenses

Continued personal face-to-face services including financial planning and investment education

Secure account access 24 hours a day, seven days a week at VALIC.com/UHS or by our toll-free interactive telephone service at 1-800-448-2542

Ongoing account statements with complete account and investment summaries

You have the option of converting your annuity account to your new mutual fund account. If you choose to convert your current annuity assets, simply complete an Asset Conversion Form. Some restrictions may apply. Please feel free to call your VALIC financial advisor for assistance or answers to your questions. Quiet period

During the transition process, your account information will automatically transfer from the annuity platform to the new mutual fund platform. This time frame is commonly referred to as a “quiet period,” as you will be unable to access your account(s) to make transactions, including the ability to direct or diversify your investments, obtain a loan and/or distribution from the retirement plan(s). Please refer to the enclosed "Mapping Schedule" to learn how contributions to your current investment options in the annuity platform will transfer to the new mutual fund platform, unless you have selected a different allocation for your ongoing contributions before the quiet period begins.

The quiet period begins at 3:00 p.m. on Wednesday, April 19, 2017. Transactions will be accepted

and processed until this time.

The quiet period ends at midnight (12:00 a.m.) on Tuesday, April 25, 2017.

Once your account is converted to the new mutual fund platform, you can access your account information or request a change to your investment election on VALIC.com/UHS or by calling 1-800-448-2542. This toll-free number can also connect you with a Customer Service Representative available Monday through Friday from 7 a.m. to 8 p.m. (CT). Please carefully consider how this transition and quiet period may affect your retirement planning, as well as your overall financial plan. We encourage you to meet with one of our dedicated financial advisors with questions. They are available to answer your questions related to this conversion, and can assist you in reviewing your account and choosing the appropriate asset allocation for your investments.

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We understand how important financial security during retirement is to you, and we look forward to serving your long-term retirement income needs.

Sincerely,

Charles A. Burciaga

Enclosures: Frequently Asked Questions Mutual Fund Lineup Mapping Schedule

Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (“VFA”), member FINRA, SIPC and an SEC-registered investment advisor. VFA registered representatives offer securities and other products under retirement plans and IRAs, and to clients outside of such arrangements. Annuities issued by The Variable Annuity Life Insurance Company (“VALIC”). Variable annuities distributed by its affiliate, AIG Capital Services, Inc. (“ACS”), member FINRA. VALIC, VFA and ACS are members of American International Group, Inc. (“AIG”). AIG is a leading international insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. All products and services are written or provided by subsidiaries or affiliates of AIG. Non-insurance products and services may be provided by independent third parties. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. www.AIG.com. Copyright © The Variable Annuity Life Insurance Company. All rights reserved. VC 28248 (04/2017) J101501 EE

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Frequently Asked Questions & AnswersThe following questions and answers are offered to help you understand the upcoming changes to the University of Houston TSA 403(b)

and ORP retirement plans.

Why has the decision been made to add the new mutual-fund-based program?

The decision to provide this enhancement was determined after an extensive review of our current annuity platform and investment

options by the University of Houston Retirement Committee and its consultant, The Multnomah Group. The new mutual fund platform

offers you potentially lower fees, an enhanced lineup of investments and additional asset categories, including target date funds.

Do I need to do anything with my existing TSA 403(b) or ORP account?

No action is required of you. Your new account(s) will be set up on the new mutual fund platform automatically based on the

Mapping Schedule provided, unless you change your current contribution allocation flowing to the annuity platform. Your account

balances will remain unchanged, but you can transfer your accumulations to the new investment menu at any time should you wish

to do so.

How will my contributions be invested?

Contributions will be “mapped” from the investment elections in your annuity investment program to investments with “like” objectives

in the mutual-fund-based program, unless you make a new election before the quiet period. The amount and percent you are currently

contributing to the annuity investment program will be deposited to the mutual-fund-based program starting with the first payroll

following the “go-live” date of April 25, 2017. Contributions will no longer flow to the annuity investment program after that time.

What is investment “mapping”?

Your account will be transitioned to the new investment options through a process called “mapping.” Fund mapping is the transfer

of your contributions from the existing investment options to similar options available in the new mutual fund lineup. This transition

should be complete by the “go-live” date of April 25, 2017. Accumulation in your annuity-based program will not be transitioned unless

you request it and complete the necessary form.

The objective of the mapping process is to identify investment options under the new mutual fund platform that have similar risk and

potential reward characteristics as the current annuity options. Funds for the new mutual fund lineup were selected with the following

in mind: investment style, risk profile, sector holdings, asset class and long-term performance potential. The enclosed Mapping Schedule

illustrates how each investment option within the current annuity platform will be mapped to the new mutual fund platform.

Tax Sheltered Annuity and Optional Retirement Plans

These questions and answers are intended to provide you with general information on the benefits offered by the University of Houston. Every effort has been made to provide an accurate summary of such benefits. However, if there is a conflict between the material in this document and the actual plan documents, the terms of the plan document will control. Notwithstanding anything to the contrary contained in this document, the University of Houston reserves the right to amend, modify or terminate any benefit at any time.

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What criteria were considered in determining the new investment options on the mutual fund platform?

The investments were evaluated using a wide range of industry standard metrics including:

What enhancements does the new mutual fund platform offer?

The new mutual fund platform offers you potentially lower fees, an enhanced lineup of investments and additional asset categories,

including target date funds. You can choose from a wide selection of mutual funds to create an investment portfolio in alignment

with your needs. Some benefits of the mutual-fund-based program include the following:

What is the “quiet period” and what effect does it have on my account?

During the transition process, your account information will automatically transfer from the annuity platform to the new mutual

fund platform. This time frame is commonly referred to as a quiet period, as you will be unable to access your account(s) to make

transactions, including the ability to direct or diversify your investments, obtain a loan and/or distribution from the retirement plan(s).

• The quiet period begins at 3:00 p.m. on Wednesday, April 19, 2017. Transactions will be accepted and processed until this time

• The quiet period ends at midnight (12:00 a.m.) on Tuesday, April 25, 2017

Once your account is converted to the new mutual fund platform, you can access your account information or request a change

to your investment election at VALIC.com/UHS or by calling 1-800-448-2542. This toll-free number can also connect you with a

Customer Service Representative available Monday through Friday from 7 a.m. to 8 p.m. (CT).

Today may be a good time to consider the appropriateness of your current investments. You can change your account and contribution

allocations before the quiet period begins or after the transition with VALIC is complete.

When and how can I transfer my existing VALIC annuity account assets to my new mutual fund account?

You may elect to convert (transfer) your existing annuity account assets to your new mutual fund account at any time on a quarterly

basis after Tuesday, April 25, 2017 by completing a VALIC Asset Conversion Form. Please contact your local financial advisor with any

questions or for help completing the form.

University of Houston System FAQ

Walt HolmesCentral CampusVALIC Financial Advisors, Inc.2929 Allen ParkwayHouston, TX [email protected]

Dustin WyattClearlake/Pearland CampusVALIC Financial Advisors, Inc.2929 Allen ParkwayHouston, TX [email protected]

Josh LevyDowntown CampusVALIC Financial Advisors, Inc.2929 Allen ParkwayHouston, TX [email protected]

Collin CookVictoria/Katy CampusVALIC Financial Advisors, Inc.2929 Allen ParkwayHouston, TX [email protected]

• Array of investment options from well-known mutual

fund companies

• No front-end or back-end sales charges on contributions

for mutual funds (management fees do apply and are

described in the prospectus)

• Continued personal face-to-face services including

financial planning and education

• Financial planning offered through VALIC Financial

Advisors, Inc. (“VFA”)

• Secure account access 24 hours a day, seven days a week

at VALIC.com/UHS or by calling our toll-free interactive

telephone service at 1-800-448-2542

• Ongoing account statements with complete account

and investment summaries

• Risk

• Portfolio characteristics

• Consistency of investment style

• Expense ratio

• Strength of investment philosophy and process

• Performance in both up and down markets

• Consistency of returns

Must I move my existing VALIC annuity account assets to the new mutual-fund-based program?

No, you can elect to leave your existing assets in the current annuity program or convert your account to the new mutual-

fund-based program. However, if you choose to convert your existing annuity assets to the mutual-fund-based program, you

must move the entire account value; partial transfers are not allowed.

What will happen to my existing annuity assets?

Existing assets in your annuity account cannot be moved unless you make that decision. Annuity account assets will remain unaffected

unless or until you make the election to transfer to the new mutual-fund-based program by completing the Asset Conversion Form.

Are loans available under the mutual fund platform?

Yes. Loans are currently allowed by the plan. A one-time fee of $50 will be charged as an initial setup cost with a $50 annual fee

assessed for administration of each loan. Repayments are made by Automated Clearing House (ACH) debit agreement from your

personal checking or savings account. At the time you request a loan, you will also be asked to complete an ACH debit agreement.

All loan interest repaid will be credited to your account.

Can I transfer to the mutual-fund-based program if I currently have an annuity loan?

Yes, all available annuity account balances, except outstanding loan balances, will be available to transfer to the new mutual-fund-

based program by completing the Asset Conversion Form. Outstanding annuity loans will not be transferred to the mutual-fund-based

program. Your loan repayments will continue to be paid via ACH under the annuity program. Once annuity loans are paid in full, you

may submit an Asset Conversion Form if you choose to transfer the remaining loan payments received by the annuity account to the

mutual-fund-based program.

How can I access my account with VALIC?

You can access your account 24 hours a day, seven days a week by visiting VALIC.com/UHS or by calling our automated toll-free

telephone service at 1-800-448-2542. This number can also connect you with a Client Service Representative Monday through Friday

between the hours of 7:00 a.m. and 8:00 p.m. (CT). You may also contact your local financial advisor (see contact information above).

How often will I receive an account statement?

VALIC will mail account statements to your address on record no later than 15 business days after each calendar quarter. These account

statements will include helpful information about your account balance, your investment elections, and transaction history for all of

your accounts with VALIC.

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Investors should carefully consider the investment objectives, risks, fees, charges and expenses before investing. This and other important information is contained in the prospectus, which can be obtained from your financial professional or at www.valic.com/UHS. You can also request a copy by calling 1-800-428-2542. Read the prospectuses carefully before investing.

Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (“VFA”), member FINRA, SIPC and an SEC-registered investment advisor. VFA registered representatives offer securities and other products under retirement plans and IRAs, and to clients outside of such arrangements.Annuities issued by The Variable Annuity Life Insurance Company (“VALIC”). Variable annuities distributed by its affiliate, AIG Capital Services, Inc. (“ACS”), member FINRA. VALIC, VFA and ACS are members of American International Group, Inc. (“AIG”). VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.AIG is a leading international insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. All products and services are written or provided by subsidiaries or affiliates of AIG. Non-insurance products and services may be provided by independent third parties. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. www.AIG.com.Copyright © The Variable Annuity Life Insurance Company. All rights reserved.

VC 28249 (04/2017) J101502 EE


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University of Houston Fund LineupAverage Annual Return Percentage as of December 31, 2016

ASSET CATEGORY/ FUND NAME

RETURN PERCENTAGE SINCE INCEPTION1 EXPENSE RATIO

Ticker 3-Month YTD 1-Year 3-Year 5-Year 10-Year Return % Date Net Gross

Foreign Large Blend

Vanguard Developed Markets Idx Admiral

VTMGX -1.44 2.45 2.45 -1.19 6.90 1.03 3.43 8/17/99 0.09 0.09

Foreign Large Value

DFA International Core Equity I

DFIEX -0.37 5.34 5.34 -0.39 7.69 1.71 4.25 9/15/05 0.38 0.38

Real Estate

Cohen & Steers Instl Realty Shares

CSRIX -3.52 5.91 5.91 13.21 11.71 5.26 12.34 2/14/00 0.75 0.76

Small Growth

Wells Fargo Small Company Growth R6

WSCRX 1.68 7.76 7.76 3.75 13.69 7.64 3.66 10/31/14 0.90 0.91

Small Blend

Vanguard Small Cap Index Adm

VSMAX 6.10 18.30 18.30 7.01 14.83 8.18 9.00 11/13/00 0.08 0.08

Small Value

Northern Small Cap Value NOSGX 13.45 27.87 27.87 9.30 15.18 7.53 10.48 3/31/94 1.01 1.24

Mid-Cap Growth

Eagle Mid Cap Growth R6

HRAUX 1.84 7.18 7.18 6.61 14.26 9.49 12.83 8/15/11 0.74 0.74

Mid-Cap Blend

Vanguard Mid Cap Index Adm

VIMAX 2.14 11.22 11.22 7.67 14.37 7.66 9.68 11/12/01 0.08 0.08

Mid-Cap Value

Vanguard Selected Value Inv VASVX 8.84 16.34 16.34 5.98 14.27 7.48 8.97 2/15/96 0.39 0.39

Large Growth

VALIC Company I Blue Chip Growth

VCBCX -0.37 0.85 0.85 6.92 15.31 8.31 5.00 11/1/00 0.84 0.84

Large Blend

Vanguard Institutional Index I

VINIX 3.82 11.93 11.93 8.85 14.63 6.95 9.50 7/31/90 0.04 0.04

The performance data quoted represents past performance. Current performance may be higher or lower than the performance stated due to recent market volatility. Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal. Investment values will fluctuate and there is no assurance that the objective of any fund will be achieved. Mutual fund shares are redeemable at the then-current net asset value, which may be more or less than their original cost.


Socially Responsible (Large Blend)

Vanguard FTSE Social Index Inv

VFTSX 3.64 10.24 10.24 8.89 15.80 6.04 3.51 05/31/00 0.22 0.22

Large Value

American Funds Washington Mutual R6

RWMGX 5.68 13.73 13.73 8.29 13.66 6.74 15.07 5/1/09 0.30 0.30

Invesco Diversified Dividend R6

LCEFX 5.07 14.77 14.77 9.66 14.89 7.62 13.65 9/24/12 0.44 0.45

Target Date2

American Funds 2010 Trgt Date Retire R6

RFTTX -0.03 7.45 7.45 4.4 7.19 8.96 7/13/09 0.35 0.35


RFJTX 0.01 7.55 7.55 4.46 8.04 N/A 9.51 7/13/09 0.35 0.35


RRCTX -0.07 7.05 7.05 4.61 8.95 N/A 10.27 7/13/09 0.37 0.37


RFDTX 0.1 7.36 7.36 4.67 10.4 N/A 11.34 7/13/09 0.39 0.39


RFETX 0.32 7.71 7.71 5.03 11.14 N/A 11.92 7/13/09 0.41 0.41


RFFTX 0.47 8 8 5.15 11.31 N/A 12.02 7/13/09 0.42 0.42


RFGTX 0.58 8.17 8.17 5.19 11.46 N/A 11 7/27/09 0.43 0.43


RFHTX 0.67 8.27 8.27 5.28 11.51 N/A 12.15 7/13/09 0.43 0.43


RFITX 0.71 8.33 8.33 5.28 11.52 N/A 12.16 7/13/09 0.43 0.43


RFKTX 0.64 8.3 8.3 5.26 11.5 N/A 10.16 2/1/10 0.45 0.45


RFUTX 0.67 8.41 8.41 N/A N/A N/A 3.72 3/27/15 0.46 0.60

World Bond

Templeton Global Bond R6 FBNRX 8.32 6.78 6.78 1.52 4.4 6.69 1.04 5/1/13 0.53 0.56

Intermediate-Term Bond

Western Asset Core Bond I WATFX -2.75 4.12 4.12 4.21 3.54 4.87 6.87 9/4/90 0.45 0.54

Inflation-Protected Bond

DFA Inflation-Protected Securities I

DIPSX -2.98 4.67 4.67 2.24 0.82 4.55 4.36 9/18/06 0.12 0.12

US Money Market - Taxable

VALIC Company II Government Mny Mrkt II

7-day Yield as of 12/31/2016: 0.01%

VIIXX 0.08 0.28 0.28 0.11 0.08 0.81 2.04 9/1/98 0.17 0.17

Stable Value

Fixed-Interest Option3 N/A 0.5 2.09 2.09 2.15 2.28 2.94 3.89 1/1/98 N/A N/A

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1 The Since Inception Return %’s are based upon the Inception Date of the fund and are provided as a substitute for any fund with less than a 10-year return.2 The principal value of an investment in a target date fund is not guaranteed at any time including at or after the target maturity date. The target date is the

approximate date when investors plan to start withdrawing their money. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date.

3 Policy Form GFUA-398, GFUA-12, GFUA-315 or GFA-504, a group fixed annuity issued by The Variable Annuity Life Insurance Company.

ASSET CATEGORY/ FUND NAME

RETURN PERCENTAGE SINCE INCEPTION1 EXPENSE RATIOTicker 3-Month YTD 1-Year 3-Year 5-Year 10-Year Return % Date Net Gross

University of Houston Fund Lineup

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

The 7-day Yield more closely reflects the current earnings of the money market fund than does the total average annual return. Yields are historical and past performance does not guarantee future results.

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VC 28260 (04/2017) J101529 EE

• Generally, higher potential returns involve greater risk and short-term volatility. For example, small-cap, mid-cap, sector and emerging funds can experience significant price fluctuation due to business risks and adverse political developments.

• International and global funds can experience price fluctuation due to changing market conditions, currency values, and economic and political climates.

• High-yield bond funds, which invest in bonds that have lower ratings, typically experience price fluctuation and a greater risk of loss of principal and income than when investing directly in U.S. government securities such as U.S. Treasury bonds and bills, which are guaranteed by the government for repayment of principal and interest if held to maturity. Fund shares are not insured and are not backed by the U.S. government, and their value and yield will vary with market conditions.

• Interest rates and bond prices typically move inversely to each other; therefore, as with any bond fund, the value of an investment in this fund may go up if interest rates fall, and vice versa.

• Mortgage-related funds’ underlying mortgages are more likely to be prepaid during periods of declining interest rates, which could hurt the fund’s share price or yield and may be prepaid more slowly during periods of rapidly rising interest rates, which might lengthen the fund’s expected maturity.

• Investors should carefully assess the risks associated with an investment in the fund.

The Fixed-Interesest Option from VALIC features interest rate guarantees that include: (i) a lifetime minimum interest rate of 1.00% set at the time the contract is issued; (ii) an annual crediting rate of 1.00% for calendar year 2017; and (iii) in the company’s discretion, a current crediting rate, declared no more frequently than every 90 days, and equal to or greater than the annual crediting rate. Each rate is credited on a daily basis at an annual effective rate and uses a portfolio interest crediting method in which all deposits, as well as credited interest, receive the same crediting rate regardless of date of deposit. The VALIC interest-crediting policy is subject to change, but any changes will not reduce the current rate below the contractually guaranteed minimum or money already credited to the account.

All guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company.

Investors should carefully consider the investment objectives, risks, fees, charges and expenses before investing. This and other important information is contained in the prospectus, which can be obtained from your financial professional or at www.valic.com/uhs. You can also request a copy by calling 1-800-428-2542. Read the prospectuses carefully before investing.

University of Houston Fund Lineup

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University of Houston Fund Mapping ScheduleYou can refer to the table below to discover how the current annuity fund lineup will be replaced with “like” mutual funds.

CURRENT FUND LINEUP APPROVED/PROPOSED FUND LINEUP TICKERInternational Equity

International Equities Fund è Vanguard Developed Markets Index Adm VTMGX

Foreign Value Fund è DFA International Core Equity DFIEX

Emerging Economies Fund è DFA International Core Equity I DFIEX

International Growth I è DFA International Core Equity DFIEX

International Opportunities è DFA International Core Equity DFIEX

Specialty

Science & Technology Fund è VALIC Company I Blue Chip Growth VCBCX

Health Sciences Fund è VALIC Company I Blue Chip Growth VCBCX

Global Real Estate è Cohen & Steers Instl Realty Shares CSRIX

Invesco Balanced-Risk Commodity Strategy è Cohen & Steers Instl Realty Shares CSRIX

Small Cap

Small Mid Growth Fund è Eagle Mid Cap Growth R6 HRAUX

Small Cap Aggressive Growth Fund è Wells Fargo Small Company Growth R6 WSCRX

Small Cap Growth Fund è Wells Fargo Small Company Growth R6 WSCRX

Small Cap Fund è Vanguard Small Cap Index Adm VSMAX

Small Cap Value Fund è Northern Small Cap Value NOSGX

Small Cap Special Values Fund è Northern Small Cap Value NOSGX

Ariel Fund è Vanguard Mid Cap Index Adm VIMAX

Mid Cap

Mid Cap Strategic Growth Fund è Eagle Mid Cap Growth R6 HRAUX

Mid Cap Growth Fund è Eagle Mid Cap Growth R6 HRAUX

Ariel Appreciation è Vanguard Mid Cap Index Adm VIMAX

Mid Cap Value Fund è Vanguard Selected Value VASVX


Current Fund Lineup Approved/Proposed Fund Lineup Ticker

Domestic Large Cap

Large Capital Growth Fund è VALIC Company I Blue Chip Growth VCBCX

Growth è VALIC Company I Blue Chip Growth VCBCX

Capital Appreciation Fund è VALIC Company I Blue Chip Growth VCBCX

Large Cap Core Fund è Vanguard Institutional Index VINIX

Core Equity Fund è Vanguard Institutional Index VINIX

Blue Chip Growth Fund è VALIC Company I Blue Chip Growth VCBCX

American Beacon Holland Lg Cp Gr è VALIC Company I Blue Chip Growth VCBCX

Large Cap Value Fund è American Funds Washington Mutual R6 RWMGX

Growth & Income Fund è Vanguard Institutional Index VINIX

Dividend Value Fund è American Funds Washington Mutual R6 RWMGX

Vanguard Windsor II è American Funds Washington Mutual R6 RWMGX

Broad Cap Value Income Fund è American Funds Washington Mutual R6 RWMGX

Value Fund è American Funds Washington Mutual R6 RWMGX

Socially Responsible

Global Social Awareness Fund è Vanguard FTSE Social Index Inv VFTSX

Socially Responsible Fund è Vanguard FTSE Social Index Inv VFTSX

Index

Small Cap Index Fund è Vanguard Small Cap Index Adm VSMAX

Mid Cap Index Fund è Vanguard Mid Cap Index Adm VIMAX

Stock Index Fund è Vanguard Institutional Index VINIX

Nasdaq-100 Index Fund è VALIC Company I Blue Chip Growth VCBCX

Lifestyle

Aggressive Growth Lifestyle Fund è American Funds 2060 Trgt Date Retire R61 RFUTX

Moderate Growth Lifestyle Fund è American Funds 2025 Trgt Date Retire R61 RFDTX

Conservative Growth Lifestyle Fund è American Funds 2010 Trgt Date Retire R61 RFTTX

Vanguard LifeStrategy Growth è American Funds 2040 Trgt Date Retire R61 RFGTX

Vanguard LifeStrategy Moderate Growth è American Funds 2025 Trgt Date Retire R61 RFDTX

Vanguard LifeStrategy Conservative Growth è American Funds 2010 Trgt Date Retire R61 RFTTX

Balanced

Asset Allocation Fund è American Funds 2025 Trgt Date Retire R61 RFDTX

Global Strategy Fund è Vanguard Developed Markets Index Adm VTMGX

Vanguard Wellington è American Funds 2025 Trgt Date Retire R61 RFDTX

Dynamic Allocation è American Funds 2030 Trgt Date Retire R61 RFETX

Non-US Govt Bonds

International Government Bond Fund è Templeton Global Bond R6 FBNRX

Corporate Bonds

Capital Conservation Fund è DFA Inflation Protected Securities I DIPSX

Vanguard L/T Investment Grade è Western Asset Core Bond Instl WATFX

High Yield Bond è Western Asset Core Bond Instl WATFX

Core Bond è Western Asset Core Bond Instl WATFX

Strategic Bond è Western Asset Core Bond Instl WATFX

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University of Houston Fund Mapping Schedule

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VC 28251 (04/2017) J101503 EE

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

• Generally, higher potential returns involve greater risk and short-term volatility. For example, small-cap, mid-cap, sector and emerging funds can experience significant price fluctuation due to business risks and adverse political developments.

• International and global funds can experience price fluctuation due to changing market conditions, currency values, and economic and political climates.

• High-yield bond funds, which invest in bonds that have lower ratings, typically experience price fluctuation and a greater risk of loss of principal and income than when investing directly in U.S. government securities such as U.S. Treasury bonds and bills, which are guaranteed by the government for repayment of principal and interest if held to maturity. Fund shares are not insured and are not backed by the U.S. government, and their value and yield will vary with market conditions.

• Interest rates and bond prices typically move inversely to each other; therefore, as with any bond fund, the value of an investment in this fund may go up if interest rates fall, and vice versa.

• Mortgage-related funds’ underlying mortgages are more likely to be prepaid during periods of declining interest rates, which could hurt the fund’s share price or yield and may be prepaid more slowly during periods of rapidly rising interest rates, which might lengthen the fund’s expected maturity.

• Investors should carefully assess the risks associated with an investment in the fund.

Investors should carefully consider the investment objectives, risks, fees, charges and expenses before investing. This and other important information is contained in the prospectus, which can be obtained from your financial professional or at www.valic.com/UHS. You can also request a copy by calling 1-800-428-2542. Read the prospectuses carefully before investing.

Investing involves risk, including the possible loss of principal. Investment values will fluctuate and there is no assurance that the objective of any fund will be achieved. Mutual fund shares are redeemable at the then-current net asset value, which may be more or less than their original cost.

Current Fund Lineup Approved/Proposed Fund Lineup TickerGovernment Bonds

Inflation Protected Fund è DFA Inflation Protected Securities I DIPSX

Government Securities è Western Asset Core Bond Instl WATFX

Vanguard Long-Term Treasury è Western Asset Core Bond Instl WATFX

Money Market

Money Market I è VALIC Company II Govt Money Market II VIIXX

Money Market II è VALIC Company II Govt Money Market II VIIXX

Fixed Account

Fixed Account Plus è Fixed-Interest from VALIC2

Short Term Fixed Account è Fixed-Interest from VALIC2

1 The principal value of an investment in a target date fund is not guaranteed at any time including at or after the target maturity date. The target date is the approximate date when investors plan to start withdrawing their money. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date.

2 Policy Form GFUA-398, GFUA-12, GFUA-315 or GFA-504, a group fixed annuity issued by The Variable Annuity Life Insurance Company.

University of Houston Fund Mapping Schedule

Documents

Frequently Asked Questions, a Fund Lineup and a “Mapping ......The new mutual fund platform offers you potentially lower fees, an enhanced lineup of investments and additional asset