VALIC Company I Asset Allocation Fund (VALIC Company I Asset Allocatio) Fonds

Under normal circumstances, the advisor intends to invest approximately 60% of its assets in equity securities and approximately 40% of its assets in fixed income securities. The equity securities in which the fund primarily intends to invest include common stocks of large and medium capitalization U.S. companies included in the S&P 500® Index. The fund will invest only in fixed income securities that are investment grade at the time of purchase and may invest in fixed income securities of any maturity or duration.